Canadian Cryptocurrency Mining Boom in Full Swing 114

Cryptocurrency mining is a very difficult yet potentially profitable business model. Without meeting certain conditions, it is almost possible to break even, let alone make a profit. It seems Canada is slowly becoming a major hub for cryptocurrency mining operations as of right now. The cold climate and cheap electricity make it a very attractive venue.

Canada Matters to Cryptocurrency Miners

Two of the main conditions to run a profitable Bitcoin mining business is cheap electricity and a preferably cold climate. Canada is certainly known for the latter, but it also provides the former. Unlike most other countries, Canada has a relative abundance of cheap electricity as of right now. As this energy is not used, it makes sense for Bitcoin mining operators to explore new opportunities in this country.

Several regions across the country are of great interest right now. Quebec, Manitoba, and British Columbia have all seen an increase in attention from Bitcoin mining firms. Setting up shop in Canada is not all that easy, though. While nothing prevents companies from doing so, inroads have to be made with the local community as well.

Even though Bitcoin remains incredibly volatile, its appeal has not diminished. Several firms think they can operate a profitable mining business under the right conditions. DMG Blockchain Solutions is currently in the process of setting up a new mine altogether. It seems they are confident they will make a healthy profit in the coming months and years. If the current Bitcoin price is any indicator, that may prove to be rather difficult.

Creating New Jobs at the Cost of Electricity

To a lot of people, Bitcoin mining seems like a monumental waste of electricity. The carbon footprint of these ventures should not be underestimated. At the same time, it is this “waste” can help create new jobs. Most professional mining operations employ a dozen people or more. In this regard, Bitcoin mining creates jobs by using an abundant resource in the process.

Electricity in Canada is relatively cheap, but not everywhere. Winnipeg, Montreal, and Calgary are all pretty cheap. Moving to Vancouver and Edmonton is a bit more expensive, but still acceptable. Toronto is even more expensive than New York, yet some firms prefer to set up shop in this part of Canada. It will be interesting to see how the rising electricity consumption affects all of these regions in the country. As long as the power grid can handle the throughput, there is nothing to worry about just yet.

In a way, mining Bitcoin in Canada is a logical evolution. Some companies even experiment with this option to use their company’s byproducts accordingly. Any gas or oil produced as a byproduct can effectively be used to fuel Bitcoin mining operations. It is evident all of these ventures will attract even more international attention moving forward. Canada is quickly becoming a powerhouse for Bitcoin mining, which can only be considered to be a good thing for the nation and the industry. 

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How ViaBTC, a Pool Founded 6 Years ago, Continues to Rank Top Globally by Hashrates 2915

Recently, the BTC hashrate has reached a new high. The previous record was 248.11EH/s, which was exceeded when the hashrate figure peaked at 254.77EH/s this month. Despite sluggish market conditions in 2022, the interest in mining remains unabated. In addition, as more people joined the mining community, the BTC hashrate kept going up, and the difficulty also soared. Running low hashrates, individual miners are becoming less competitive, yet the advent of mining pools brought them a ray of hope and also revolutionized conventional mining models.

Of the many pools that have popped up, ViaBTC Pool has left miners with a deep impression. In 2021, some countries cracked down on BTC mining, and many pools went out of business as a result. However, the strict policies didn’t hurt ViaBTC’s BTC hashrate. Instead, it has ranked 1st for a while thanks to the pool’s globally distributed business model and the recognition from global miners.

As a pool founded in 2016, ViaBTC managed to survive and record world-leading hashrates all thanks to the following factors.

A strong team

To create a stable mining environment, the ViaBTC team has deployed nodes all over the world to match miners with the nearest node, which minimizes delays and makes the mining network stabler. So far, ViaBTC remains the pool with the lowest orphan rate in the entire industry, which shows the strength of its team.

At ViaBTC, over 60% of the staff are members of the product and R&D teams, the primary members of which are all seasoned developers from world-renowned Internet-based companies. Led by ViaBTC’s founder Haipo Yang, the team has continued to upgrade and improve the pool. As it keeps the pool secure and stable, the R&D team has introduced more versatile products and features and built a full set of matching tools.

Innovation

To address existing flaws of the mining industry, ViaBTC Pool has rolled out many innovative products. For instance, the pool invented PPS+, which was the first payment method of its kind in the industry, and created Transaction Accelerator, also a unique product. Plus, it is also the first pool to support “Convert Now”. These products have not only improved the mining revenue but also solved the problem of congested transactions under extreme market conditions. Meanwhile, the hourly pay of mining revenue effectively avoids risks arising from price fluctuations.

A well-established blockchain ecosystem

ViaBTC has been trying to build an all-encompassing blockchain ecosystem that integrates products, tools, and investment. In addition to ViaBTC Pool, the group now also boasts other four key business segments, including CoinEx Exchange, ViaWallet, CoinEx Smart Chain (CSC), and ViaBTC Capital, which makes it one of the best-established blockchain firms out there.

Relying on its strong ecosystem, ViaBTC has simplified the tedious process that goes from crypto mining to transaction and circulation. When withdrawing cryptos from ViaBTC Pool to CoinEx Exchange, miners do not have to pay any fees, and withdrawals arrive in real time. Moreover, Staking, a built-in service of ViaWallet, provides miners with all kinds of different ways to preserve the value of their assets in an extended bear market.

Myria has announced free-to-claim Alliance Sigil NFT for all new and existing community members 3059

Myria Studios, the blockchain gaming division of Myria, announced that the company is rewarding its community members with its inaugural NFT drop — a free-to-claim Alliance Sigil NFT. For a limited time, all new and existing Myria community members can claim the exclusive NFT for free.

The Alliance Sigil NFT forms part of the intricate lore of the Myriaverse and will signify where each holder chooses to stand in the fight against “The Rift” — a powerful force that consumes real worlds and mutates them into digital ones. The Sigil NFT will also grant holders additional access and utility, which will be revealed at a later date.

Participants must complete basic missions to claim their chosen Alliance Sigil NFT, such as joining and introducing themselves to the Myria Discord community, and can also choose to complete further missions to claim additional rare rewards.

Members can select from three Alliances: Federation, which seeks to combat the Rift’s expansion on all fronts; Vector Prime, which believes humanity is due for an evolution and will stop at nothing to accelerate the Rift’s expansion; and Equinox, which favors balance and coexistence.

The rich lore of the Myriaverse will carry across Myria Studios’ game worlds, and metaverse, and will be revealed over time, chapter by chapter.

“Space and time bend and twist, taking your consciousness with it. If you don’t move fast, you could get caught in a time loop forever. But if you’re quick and smart, and choose your Alliance wisely, you’ll be rewarded.”

Visit https://www.myria.com/ to complete the Alliance Sigil NFT claim.

About Myria

Myria is the first Ethereum Layer 2 scaling solution built for gaming. We make digital asset trading and blockchain gaming easy with our all-in-one platform, including the Myria NFT marketplace, Myria Wallet, Myria Game Platform, and a decentralized exchange. With the mission of enabling more people to build, experience and enjoy the benefits of blockchain and the metaverse, we are building a suite of developer tools including easy-to-use API integrations and SDKs for developers to easily harness our platform infrastructure to unlock the potential of blockchain. This suite of infrastructure will also underpin the expansive blockchain gaming ecosystem being developed by our gaming division, Myria Studios.

Baby Shark BubbleFong Friends NFTs, First Sale on Binance NFT 3301

BBF Inc. has announced that ‘Baby Shark BubbleFong Friends‘ NFTs will be released on the Binance NFT, the official NFT marketplace of Binance, on the 10th of this month. Featuring the beloved characters of Pinkfong Wonderstar, these will be the first collection of the ‘Baby Shark BubbleFong Friends’ NFTs.

For its first collaboration with Binance NFT, BBF Inc. plans to release 2,504 Mystery Box NFTs featuring the adorable characters from Pinkfong Wonderstar, the hit 3D animated series of The Pinkfong Company, on the Binance NFT on the 10th. The Binance NFT Mystery Box ‘Baby Shark BubbleFong Friends NFTs’ is designed to enable Play-to-earn and token mining within the game. Detailed sales and event information will be released later on the Binance NFT official website and social media channels.

‘Baby Shark BubbleFong Friends’ is a P2E game developed by Day1 Entertainment based on the Pinkfong Baby Shark IP, the world-renowned IP of The Pinkfong Company, after Day1 Entertainment entered into a license agreement with The Pinkfong Company.

Meanwhile, ‘Baby Shark BubbleFong Friends’ is currently holding a Pre-Registration Event through the official Pre-Registration page (bbfpreregistration.io/) for global user. Those interested can find detailed information about the event on the website and through community channels.

‘Baby Shark BubbleFong Friends’ is a classic arcade bubble shooter P2E game that is fun and easy to enjoy. Along with various game contents, it is scheduled to be released globally within the first half of this year except South Korea, Vietnam, Singapore, North Korea, and China pursuant to the regulations of each country.

About BBF Inc.

BBF Inc. is a U.S.-based operating corporation that oversees the global operation and business of P2E game Baby Shark BubbleFong Friends.

LABEL Foundation Integrates With Binance Custody To Offer Cold Storage Support For $LBL Token 3908

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LABEL Foundation has announced that it has officially integrated with Binance Custody to take advantage of their highly secure cold storage solution. With this integration, LABEL’s native tokens can be kept safely as the $LBL is now supported by Binance Custody and the tokens are safely stored using their institutional and insured cold storage feature. Moreover, both BEP-20 and ERC-20 are available for deposits as well as withdrawals. If all goes well, the LABEL team hopes to further expand its partnership with the Binance ecosystem in the future as well.

A budding relationship

Binance Custody was only released in 2021, but there is still nevertheless plenty of faith in the high level of user protection being offered by the service. LABEL had been searching for a reliable custody service for quite a while, and when choosing a custody service, the main aspects that LABEL primarily focused on were security and insurance coverage. Keeping that in mind, Binance Custody indeed appeared to be the optimal choice as it uses industry-leading secure MPC (Multi-Party Computing) , threshold signing schemes, and offline key-sharing storage to decentralize fund management, all of which are vital components to ensuring the safety of users’ digital assets.

Also, in terms of insurance, Binance Custody obtained insurance from Arch Syndicate 2012 at Lloyd’s of London, which was mediated by Lockton’s Emerging Asset Protection (LEAP), the world’s largest independent insurance broker, to further enhance investor protection. Insurance is one of the most important factors when it comes to a custody service, as it provides peace of mind to the customers as even if something does go wrong, the losses can be recovered.

The benefits of transferring ownership of digital assets to Binance Custody are hence not only limited to security from hackers and malicious individuals, but also delegation of authority. By sharing access with the custodian and delegating this authority, users can hence potentially prevent the loss of assets in the event of lost cryptographic inheritance, private passwords, or any other kind of data loss or hack.

Why choose Binance Custody?

Choosing Binance Custody was an easy choice for LABEL Foundation because of its aforementioned safe cold storage solution. As LABEL is all about revolutionizing the music industry through Web 3.0 technology, integrating with Binance Custody provides another level of security by protecting users’ $LBL tokens with the institutional-grade digital asset management infrastructure and security features. Once again, this provides some much-needed peace of mind to LABEL’s customers as reliable security measures have quickly become mandatory for any project in this industry. According to CSO Hyung Soon Choi, there will also be discussions on potentially considering further strategic collaboration with Binance Custody and the broader Binance Ecosystem.

What is Binance Custody?

Binance Custody is widely considered to be a top service as it is completely regulated, insured and effortlessly integrated with the overall Binance ecosystem. Fully customized solutions are offered via the service, as it essentially acts as an uncompromising platform between top-notch security and a simple as well as efficient user experience which provides a customizable multi-permission scheme. This in turn enables institutions and individuals alike to operate crypto assets in a systematic, secure and controlled manner.

The core technology behind Binance’s Custody is additionally certified to ISO 27001 and 27701, the world’s most recognized and sought-after quality control standards for information security and privacy, which is yet another reason as to why so many are actively choosing Binance Custody.

About LABEL Foundation

LABEL Foundation is a blockchain-oriented NFT copyright fee sharing platform that supports investment, distribution and advertising processes, removes significant barriers to modern content production and investment, and strives to eliminate the biased profit sharing structure that currently exists in this industry.

Essentially, LABEL Foundation represents an incubation system designed to disrupt the DeFi industry and it uses the native $LBL token, which is Ethereum-based governance and utility token, to do so. The native token may also be used in a variety of ways to help bolster the expansion of the LABEL ecosystem. Furthermore, the tokens are mainly used to establish the basic token economy of the platform by acting as payment, staking and governance entities. Lastly, the DAO (Decentralized Autonomous Organization) voting infrastructure allows contributors to claim profits via the non-fungible token shareholding system, which adds a strong sense of community that is actively associated with LABEL and everything that it does.

For more information and regular updates, be sure to check out the official website and Medium, Telegram and Twitter channels.

The Much Awaited Mind Music Founder Series NFT Collection Is up for Grabs 4080

Mind Music wants to combat the issue of mental illness, which often goes unnoticed, through various ways including releasing tracks. It plans to take the music industry to WEB 3.0, which is the World Wide Web on blockchain technology. After being a hit and receiving promising reviews from influencers and artists across the globe, Mind Music has launched its much-awaited Founder Series NFT Collection.

The total number of unique NFTs available is 1010, of which 1000 would be publicly available while the remaining 10 would be team-owned or for giveaways. The collection has already been a rage, and more than half of the NFTs have been sold after launch. Along with these, there would be 10 exclusive legendary NFTs hidden within the publicly available ones. These offer attractive rewards and benefits to holders. The Legendary NFTs would be a great collectable for music lovers and those who want to contribute to the cause of mental illness. If you are still uncertain about minting a Mind Music NFT, here are some reasons that will change your mind.

Physical Copy of Mind Record’s First Album

One of the biggest benefits of minting a Mind Record’s NFT is that every holder receives a physical copy of Mind Record’s first album. For every NFT purchased, a limited edition of Mark Hamilton’s record will be sent out, both as a CD and a digital download package. And this is exclusively for NFT holders, so there’s no other way you can get your hands on the limited edition package.

Earn passive income by just holding the NFTs

Every NFT holder will also receive their share of the 1% reflection from Mind Music transactions. It contributes to a steady passive income earned without any regular participation.

Gain free entry to upcoming events

NFT holders will gain entry to all upcoming events and concerts free of cost. It’s a treat for music lovers! Also, if you manage to mint a legendary NFT, the rewards get even better. Investors holding the Legendary NFT will receive free food and drinks, exclusive access to all areas, and the chance to meet the performing artists.

20% discount on all Mind Record products

Those holding the Mind Music NFT will get a 20% discount on all products and merchandise for life. This includes tickets, CDs, Vinyl, and a lot more.

Receive a share on every NFT traded

For every NFT sold, a 10% fee is collected through smart contracts, and this amount will be used to purchase the Mind Music token. All tokens purchased will automatically be distributed amongst the NFT holders. This is another way to earn a steady income by simply holding the Mind Music NFT. Also, since the rewards are directly proportional to the number of NFTs, the more you hold, the higher the rewards.

Contribute to a cause

10% of the amount collected through the sale of NFTs will be donated to Mental Health Charity. So, by purchasing a Mind Music NFT, you are contributing to a cause that’s affecting millions across the globe each year.

Also, with the Staking protocol in the picture, investors stand a chance to earn as high as 75% APY. Staking is one of the most effective methods to obtain a passive income and is a favorite amongst token holders. To earn through Staking, users will have to connect their wallets and deposit their tokens in the staking pool. Earning rewards couldn’t have been any easier!

Mind Music has already achieved a lot ever since it came into being and plans to expand further in the coming days. To achieve that goal, it will transition into a multi-chain token by the end of June 2022. Once that’s done, token holders will be able to switch tokens between chains easily using the bridge. Also, the Mind Music token will start trading on Ethereum, Avalanche, Polygon, BNB, Cronon, and Fantom blockchain in the coming days.

MoU Established By Clesson, The Company Behind LABEL Foundation, With CJ Entertainment & Media 4204

MoU

Clesson, the operating company behind OPENTRACK and LABEL Foundation, has officially established a memorandum of understanding (MoU) with CJ Entertainment & Media. The new collaboration has the potential to benefit both parties involved as CJ Entertainment & Media is essentially an entertainment and mass media organization founded by the CJ Group, which is among South Korea’s major conglomerate corporations.

What is there to know?

Joining Clesson is Hen, the composer of the Netflix serial ‘My Liberation Notes’. Hen is from O’PEN CJ Entertainment & Media has reportedly joined LABEL Foundation’s operating company after Clesson successfully managed to enlist the services of the renowned composer as part of the collaboration, much to everyone’s delight as Hen has performed in a number of South Korean music projects and is also well known for creating the soundtrack for the aforementioned Netflix series.

Clesson also serves as the main operating company behind OPENTRACK, which is at the center of both Web 2.0 as well as Web 3.0 online music education. With that in mind, Clesson shall work alongside CJ ENM to successfully onboard ‘O’PEN Music’ artists into ‘OPENTRACK Music’, thereby bringing them into LABEL Foundation’s respective ecosystem.

Important details about the partnership

The strategic collaboration will commence with the creation of an OPENTRACK Music course which shall be taught by Hen. Moreover, OPENTRACK will be in charge of the MasterClass’s production and content, whereas Hen will be responsible for presenting her creative songwriting process for K-dramas and movies, which also includes composing a melody, selecting chord progression, and preserving song quality.

In addition, through the onboarding of CJ ENM O’PEN artists, the new collaboration will pave the way for continued beneficial synergistic growth for both companies. Many believe that the CJ ENM network has tremendous possibilities for building MasterClasses with OPENTRACK which has since also sparked interesting discussions about future cooperation with LABEL Foundation as well.

About LABEL Foundation

LABEL Foundation is a blockchain-oriented, NFT copyright fee sharing platform which presents an incubation system to support investment, distribution, and promotion processes in order to dissolve significant obstacles to contemporary content production and investment as well as to deconstruct the biased profit distribution structure which currently exists in this industry.

It uses the $LBL native token, which is an Ethereum-based governance and utility token which may be utilized to fuel the expansion of LABEL’s ecosystem in various ways. The token is therefore mainly utilized to establish the platform’s fundamental token economy by functioning as a governance, staking and payment unit.

Clesson and OPENTRACK, regarded as a systematic and practical music education firm in South Korea, has therefore joined LABEL and features over 200 professional teachers in Korea and 25 top musicians from 7 major nations across the globe.

For more information and regular updates, be sure to visit the official website along with the Twitter, Telegram, Facebook and Medium channels.