42,000 S19 Antminers Sold to Riot Blockchain by Bitmain 0 868

Putin Approves New Crypto Laws in Russia, Public Office Holders To Give Details of Their Crypto Assets by 30th June, 2021

As per the latest reports, Riot Blockchain, known for mining Bitcoin (BTC) has planned that it will be expanding the capacity of its mining. Therefore, the company has revealed that it will be acquiring a large number of antminers to increase its Bitcoin (BTC) mining fleet.

According to reports, Riot Blockchain is in the process of acquiring 42,000 S19 Antminers. The company has revealed that in order to purchase the Antminers, it has approached Bitmain. Bitmain is known to be one of the most advanced manufacturers of mining equipment and hardware and is based in Hong Kong.

Riot Blockchain has revealed that at minimum, the acquisition of the S19 Antminers will cost $138.5 million. According to Riot Blockchain, once the Antminers are received, deployed, and operational, they will significantly increase the mining capacity of Bitcoin (BTC).

The company has announced that by the end of the year 2022, the company plans on increasing its hashrate for Bitcoin mining by more than 90%. The company is reportedly aiming to increase its hashrate to 7.7 EH/s by the end of 2022.

Following the announcement made by Riot Blockchain, Bitmain has revealed that it will start delivering antminers starting November 2021. According to Bitmain, it will start the delivery from November 2021 and it will be delivering 3,500 Antminers per month. The delivery process will continue until October of 2021 until the last shipment is made.

This is not the first purchase that Riot Blockchain has made from Bitmain. For some time, Bitmain has remained as one of the top Antmining hardware providers for Riot Blockchain.

Prior to the recent purchase, Riot Blockchain had purchased 8,000 S19 Pro Antminers, and they were also made through Bitmain. At that time, the deal between the two companies for the S19 Pro Antminers was finalized for $17.7 million.

At that time, Bitmain had announced that it would deliver 2,000 Antminers to Riot Blockchain per month. With the acquisition of 8,000 Antminers by the end of 2020, Riot Blockchain had managed to increase its expected hashrate of 1 EH/s by 2021.

Irene Gao from Bitmain recently made a statement about the recent deal that has been struck between Bitmain and Riot Blockchain.

Gao stated that they are extremely excited and delighted to have formed yet another long-term partnership with Riot Blockchain. Riot Blockchain has always been a pro when it comes to mining Bitcoin (BTC) on a large scale. The firm has always been determined to increase its capacity of mining Bitcoin (BTC).

In order to achieve this goal, Riot Blockchain has been making continuous purchases from Bitmain. This ensures that Bitmain is able to make its mark in providing world-class mining companies with the mining hardware they need.

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Mila Kunis Sold NFTs of Her Animated Series “Stoner Cats”, Sales Collect Over $8 Million 0 5

Mila Kunis, an American producer, and actress has successfully sold her NFTs for millions of dollars. The NFTs comprise teaser of the upcoming animated series of Kunis namely “Stoner Cats”. Only the purchasers of Stoner Cats NFTs will exclusively enjoy the privilege of watching the series, which is currently in the final phase of its completion at Orchard Farm Productions.

The global crypto community nowadays is going gaga about the Non-Fungible Tokens (NFTs) created by Mila Kunis.

Kunis is an acclaimed producer and appeared in various roles in the movies as a lead actress. Her most admired lead role was played by the actress-cum-producer in the movie titled “Black Swan”. She is married to co-star, Ashton Kutcher and both, individually and collectively, own multiple businesses. One of the businesses that Kunis runs is the production house called “Orchard Farm Productions”.

One of the latest upcoming projects of Kunis’s production house is a fully entertaining animated series called the “Stoner Cats”. The series has been co-created by Kunis along with her husband, Kutcher. Prior to the completion of the upcoming project, and before its onscreen playing, Kunis decided to issue a teaser in the most unique fashion. She eventually decided to launch the teaser by containing it in the Non-Fungible Tokens (NFTs).

It was reported that celebrities such as Seth MacFarlane, Chris Rock, and Jane Fonda are playing roles in the Stoner Cats series. Apart from the actors, even a role has been assigned to Vitalik Buterin i.e. the co-founder of Ethereum. It was told that Buterin was playing the role of a character in the series as “Lord Catsington”.

As regards the storyline of the series, it was told that the story revolves around a woman named “Ms. Stoner” who is suffering from Alzheimer’s. Ms. Stoner happens to have various cats living in her house and she is very fond of them. However, to keep her health in order, Ms. Stoner starts taking medicines made up of marijuana. Somehow the cats living in her house were accidentally exposed to marijuana smoke which led them to talk like insane.

A 27-seconds long video clip of the upcoming series has been made available on the website of Stoner Cats. The video gives a glimpse of the story to the viewers. However, the full video content in the series would not be available to view by everyone. In fact, only those will be allowed to watch the full content who have purchased the NFTs.

Reportedly, Kunis has managed to sell approximately 10,000 NFTs of the upcoming Stoner Cats series. Surprisingly, all the 10K NFTs were sold in only 35 minutes since the initiation of the sales. Each NFT was sold against 0.35 ETH i.e. equivalent to US$ 800/- each. It was informed that the total sale of NFTs collected sale proceeds to the tune of US$ 8.4 Million approximately.

Chris Larsen Ripple Chairman Shows Concern over Dogecoin and Issues Warning to Holders 0 10

Larson now joins the list of some of the world’s most renowned crypto scholars who have revealed their concerns about Dogecoin and told investors to think twice about over-investing in Dogecoin. Ripple Chairman informed investors about the risks associated with investing in Dogecoin. He compared it to gambling and said that most people who gamble end up on the losing side.

Since the Wall Street Bets movement broke out earlier this year, several prominent figures in the encryption field, including Charles Hoskinson and Barry Silbert, have issued similar warnings. However, as of this writing, Dogecoin remains the world’s top-10 cryptocurrency. Although people are now trying to ignore Elon Musk, Larson pointed out that a large part of Dogecoin’s success is due to the head of Tesla. But when he “ditched” Bitcoin, Larson thought he could abandon Dogecoin too.

During his critique, Larson also opened up about Dogecoin’s supply overflow and currency algorithm. He said that company’s algorithm is not environmentally friendly at all. He also questioned the overall mechanism by saying that it is far away from the market’s required quality.

To invest in some sort of memes-oriented company and Musk is nothing short of gambling. Seasoned and mature investors would never likely go for this option it’s rigidly off the cards. Investing in Dogecoin while eying the moon or space is nothing less than nonsense.  Despite the fact that Dogecoin was down to 74% three months ago. But since then, Dogecoin has remained stable and now its price is stable at a flat rate.

However, over the past week the currency being trade tightly between $0.19098 – $0.22888. In the past ten weeks, its momentum has been firmly entrenched in the lower half of the RSI chart. It seems that RSI is beginning to bend downward again. Even though it’s a massive ask for Dogecoin to rise above $1 mark in the coming three to four months but still investors are getting advantage of the low-price range and pilling up Dogecoin in their digital assets’ platform. The active hunters of Dogecoin do have their perspective of long-term investment, as some of the crypto scholars have labeled Dogecoin as a future long-term investment.

Despite facing staunch criticism from the critic’s Dogecoin is among the top 10 digital currencies. Traders have divided points of view about the funny nature of Dogecoins as currency is often mentioned as memes powered one. Those who showed their support for Dogecoin argued that despite the funny nature of the currency, Dogecoin has outperformed some of the renowned cryptocurrencies in terms of performance.  The unnecessary criticism could be a sign of danger or self-obsession towards Dogecoin.

 

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