Pieta (PITC) - Plagiarized Whitepaper - Scam
https://bitcointalksearch.org/topic/pieta-pitc-plagiarized-whitepaper-scam-5100816
Topic: MINERS INVESTING AGAIN IN HOPE FOR A CHEAP POWER BOOM SOON (Read 190 times)
During the last year, the fluctuating bitcoin prices have threatened a lot of miner across the world as their profitability from mining operations was on the danger line. The price of bitcoin was observed around $3468 last year in December, which was very close to the threshold mark of $3000, below which earning profits from mining is a tough task.
Talking about this year, the prices and mining difficulty of popular cryptocurrency, bitcoin are gaining solidity and may continue the upward surge. Still, the reports coming from China and other crypto mining places around the globe indicate a new trend. For instance, in China, Bitcoin and other cryptocurrency miners are looking to buy used equipment and also making deals with mining farms and hydroelectric plants this summer to gain profitability again from mining operations. An excessive amount of electricity is expected to be generated by hydroelectricity plants in China hoping abundant water this summer. The miners in China are showing enthusiasm by partnering in advance with fossil power plants before the summer season begins.
This indicates a dynamic market shift in crypto mining in China as a lot of miners as well as mining firms are looking to buy second-hand mining equipment and alternative energy sources to minimize the high costs that incur in mining activities. If we talk about global crypto mining market, then skyrocketing electricity cost is a big issue there too for miners as it decreases their profitability and deepens the carbon footprint of mining operations. Similarly, many times the private hydropower plants engaged in mining also do not participate in electricity trade with other companies in energy-intensive industries, which is poor for the global community as a lot of generated electricity gets wasted.
Coming back to the Chinese mining market, the miners there are optimistic about making money owing to the use of second-hand mining equipment and competitive electricity prices. But, again if the prices of bitcoin fall below that threshold of $3,000 during the summer in China, then a lot of miners will put a halt on their mining operations. Seeing such a scenario, it is important that fintech companies start looking for alternative energy sources for crypto mining. If we talk about the recent developments in this area, then Pieta is one such blockchain project that is working to minimize the high cost and energy requirements in mining activities to make it more accessible and environment-friendly.
Pieta is a solar-powered crypto mining ecosystem that uses solar energy along with the latest X20 hashing algorithm to reduce high energy consumption in bitcoin mining and makes it more eco-friendly. The new X20 hashing algorithm in Pieta also increases the efficiency of mining equipment by keeping them cooler during mining. The other distinctive features of Pieta ecosystem include high mining rewards, multiple revenue streams, high scalability, and inflation-free token.
Talking about this year, the prices and mining difficulty of popular cryptocurrency, bitcoin are gaining solidity and may continue the upward surge. Still, the reports coming from China and other crypto mining places around the globe indicate a new trend. For instance, in China, Bitcoin and other cryptocurrency miners are looking to buy used equipment and also making deals with mining farms and hydroelectric plants this summer to gain profitability again from mining operations. An excessive amount of electricity is expected to be generated by hydroelectricity plants in China hoping abundant water this summer. The miners in China are showing enthusiasm by partnering in advance with fossil power plants before the summer season begins.
This indicates a dynamic market shift in crypto mining in China as a lot of miners as well as mining firms are looking to buy second-hand mining equipment and alternative energy sources to minimize the high costs that incur in mining activities. If we talk about global crypto mining market, then skyrocketing electricity cost is a big issue there too for miners as it decreases their profitability and deepens the carbon footprint of mining operations. Similarly, many times the private hydropower plants engaged in mining also do not participate in electricity trade with other companies in energy-intensive industries, which is poor for the global community as a lot of generated electricity gets wasted.
Coming back to the Chinese mining market, the miners there are optimistic about making money owing to the use of second-hand mining equipment and competitive electricity prices. But, again if the prices of bitcoin fall below that threshold of $3,000 during the summer in China, then a lot of miners will put a halt on their mining operations. Seeing such a scenario, it is important that fintech companies start looking for alternative energy sources for crypto mining. If we talk about the recent developments in this area, then Pieta is one such blockchain project that is working to minimize the high cost and energy requirements in mining activities to make it more accessible and environment-friendly.
Pieta is a solar-powered crypto mining ecosystem that uses solar energy along with the latest X20 hashing algorithm to reduce high energy consumption in bitcoin mining and makes it more eco-friendly. The new X20 hashing algorithm in Pieta also increases the efficiency of mining equipment by keeping them cooler during mining. The other distinctive features of Pieta ecosystem include high mining rewards, multiple revenue streams, high scalability, and inflation-free token.
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