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Topic: Bitcoin are playing with the big boys and cleaning their energy footprint - page 2. (Read 256 times)

legendary
Activity: 2576
Merit: 1860
Coinbase with it's 56 000 000 verified users are being listed on Nasdaq and Bitcoin are going public and mainstream into the institutional financial system. (The prediction is that we might see a $70 000+ Bitcoin ATH price, before the end of April)  Wink

I don't really understand Coinbase which until now has had an increase in users. and as far as I know when on coinbase it only exchanges instantaneously and is less fun to trade than other exchanges. Is there anything here that can tell me, so that knowledge increases why Coinbase users are increasing this year.

What do you not understand about Coinbase? That it has a high number of users? Perhaps despite of what you might perceive are poor features?

Coinbase has been around since the time when Bitcoin was only a single-digit currency. Somehow it has earned the trust of millions. Also, it is offering its services to the whole of the US market save alone Hawaii. During the surge of crypto exchanges, majority of them do not allow US residents. Finally, you can actually create limit orders on Coinbase. You can make orders at your own preferred price.



Anyway, there's a lot of good news about cryptocurrency around. We're going more and more mainstream. Adoption has now gained acceleration. Bitcoin is now becoming a global phenomenon.
member
Activity: 1358
Merit: 81
Thanks OP for important news. Coinbase and Kraken's interest in listing on Nasdad was imminent. I think it is natural and timely because it has come to fruition.

I am pleased to learn about how Gryphon Digital mining has raised $ 14 million to establish renewable energy-driven bitcoin mining operations in the United States.
This is the direction to take now that bitcoin is booming and we need to show that bitcoin operations can use renewable energy.
hero member
Activity: 2842
Merit: 625
I don't really understand Coinbase which until now has had an increase in users. and as far as I know when on coinbase it only exchanges instantaneously and is less fun to trade than other exchanges. Is there anything here that can tell me, so that knowledge increases why Coinbase users are increasing this year.
They have reported even before that they're increasing in users. AFAIK, there are about 1 million users that were registered per month last year, you've got it right, that's per month, not the whole year-round.

And that's why the number of their users has increased over time and there's more for this year because we're in a bull run which most of the interest of the people are coming when they see huge prices for bitcoin and other cryptocurrencies.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
What is the link between Coinbase listed on Nasdaq and RE mining?
Both are good news? lol


There is an alternate theory that said they will dump BTC after IPO, since it's only to artificially inflates Coinbase's valuation. But I think the price will pump because the sentiment is too positive. As long as whales still have money to pump, $70k is easy, but if they depend on average Joe to pump the market, it will not happen because the pandemic made them broke.
hero member
Activity: 2408
Merit: 584
Coinbase with it's 56 000 000 verified users are being listed on Nasdaq and Bitcoin are going public and mainstream into the institutional financial system. (The prediction is that we might see a $70 000+ Bitcoin ATH price, before the end of April)  Wink

"Kraken, another cryptocurrency exchange, also has plans to go public next year..."
This is a really good news, and I can’t wait for Bitcoin to finally reach the $70,000 mark which will be a new ATH price. With the way I am seeing things it seems like we are going to be reaching the $100,000 price before the end of this year and we might even be crossing that price before the year ends.

Seriously I can’t wait to see that happen, and there have also been people who predicted $300,000 earlier this year and they were doubted, if the price should quickly cross $100,000 then we might be looking forward to some thing around that price of $300k. Also this news about Gryphon Digital Mining is a good one, this is what we needed at this time.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Those who have huge interests that differs from bitcoin would always be attacking the power consumption aspect of bitcoin even though the vast majority of miners from outside the United States are already converting to renewable energy sources in a fast rate. They'd continue to sling mud as long as they can see holes, and would be ignoring initiatives to drive away energy consumption from coal that a lot have been doing for years now.

For companies/platforms going public, Coinbase would be a nice example to gauge things and to see how things would pan out. I'm pretty sure it will receive a lot of support as it was heavily advertised and marketed for quite some time now.
member
Activity: 924
Merit: 15
Coinbase with it's 56 000 000 verified users are being listed on Nasdaq and Bitcoin are going public and mainstream into the institutional financial system. (The prediction is that we might see a $70 000+ Bitcoin ATH price, before the end of April)  Wink


I don't really understand Coinbase which until now has had an increase in users. and as far as I know when on coinbase it only exchanges instantaneously and is less fun to trade than other exchanges. Is there anything here that can tell me, so that knowledge increases why Coinbase users are increasing this year.
legendary
Activity: 2506
Merit: 3645
What is the link between Coinbase listed on Nasdaq and RE mining? Both things are different and there is no connection between them.
The allegations that Bitcoin consumes a lot of energy are closer to the ones that have been saying that Bitcoin is being used to finance terrorism and money laundering.
Unless they are illustrated with numbers that show how mining consumes unclean energy or generates heat emissions, it will remain a useless claims.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory

It is nice to see that the industry are moving forward and also focusing on "burning issues" that has received a lot of criticism in the past. I hope other Bitcoin mining operations will take note about the changing environment and they will also shift their operations to run on "clean" and renewable energy sources.   Wink

I think it was mostly mining in the USA that was cheaper to do with pollutant energy sources. Most other counties where mining is possible (Canada, China, Iceland, Norway) were generally using mostly renewable resources instead.

It's a good move though even if it is omnlu $14m.


I've been looking at how much better companies manage to do when they go public and coinbase should be an interesting one to watch..
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
Coinbase with it's 56 000 000 verified users are being listed on Nasdaq and Bitcoin are going public and mainstream into the institutional financial system. (The prediction is that we might see a $70 000+ Bitcoin ATH price, before the end of April)  Wink

"Kraken, another cryptocurrency exchange, also has plans to go public next year..."

Source : https://finance.yahoo.com/news/us-bitcoin-mining-venture-raises-145259255.html

It is also a trend for Fiat shills (competition) to complain about the high energy consumption that are needed to mine coins (tokens) and to run the Bitcoin Blockchain. Now, "Gryphon Digital Mining has raised $14 million to establish renewable energy-driven bitcoin mining operations in the United States."

Source : https://finance.yahoo.com/news/us-bitcoin-mining-venture-raises-145259255.html

It is nice to see that the industry are moving forward and also focusing on "burning issues" that has received a lot of criticism in the past. I hope other Bitcoin mining operations will take note about the changing environment and they will also shift their operations to run on "clean" and renewable energy sources.   Wink
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