https://mobile.twitter.com/AlphaexCapital/status/1199208657319288838
Monday, November 25, 2019
Aluminum Plant Gone Bitcoin Mining Center: Bitriver Deemed the Largest Data Center in Russia
This news comes from https://bitcoinexchangeguide.com/
City of Bratsk in Russia is home to one of the biggest bitcoin mining facilities in the world and has attracted clients globally as Bitriver turns water into electricity to mine cryptos.
Opened a year ago, Bitriver is recognized as one of the largest Bitcoin mining facilities in Russia. As per news outlet, Bloomberg, the data center has garnered the attention of many countries to date, including the likes of the U.S., Japan, and China among others.
Once an aluminum plant in Bratsk, Oleg Deripaska and team decided the location was ideal for bitcoin mining some five years ago. Why? The first argument made is the existence of a hydropower plant nearby and the second simply rests in the Siberian weather. This region is specifically known for its long and cold winters and preferred low temperatures for such activities.
Upon making the decision, the implementation came to life with local energy firm, En+ having partnered with them. Given that the latter focuses on the aforementioned hydroelectric power, it naturally made sense to come together to sell its services.
That said, Bitriver isn’t in the business of bitcoin mining, but instead offers technical services, cheap electricity, and equipment to those who are in the business. As per the report, En+ equips Bitriver with up to 100 megawatts yearly so that the latter can diversify its clientele.
Bitriver Only Makes up a Fraction of All Power Consumed
As per Bitcoinist, Bitriver is still small despite being a big shot in Russia. This is stated when comparing Bitriver’s 100 megawatts of power per year to the entirety of the Bitcoin network’s 73 terawatts annually. En+ supposedly produces 22.5 TW/h, however, it isn’t all consumed for bitcoin (but instead for other industrial purposes).
This could potentially change as we watch the crypto market unfold some more. Russia is allegedly on the list of top ten countries with the most bitcoin mining nodes in the world (243 nodes to date), which goes to show how far we’ve come since Bitcoin’s existence.
While mining has witnessed a downfall since the earlier times, not to mention the recent drop in Bitcoin’s price, miners are anticipating big things for the soon-approaching halving event and thus are continuing their activities at full force. Coin Telegraph referenced Alistair Milne, who expounded on the increase in network hash rate and mentioned:“They are acutely aware of the upcoming halving and are apparently unphased by the recent dip.”
The Mechanics of OTIUM Luxury’s OLX Token and Its Lush Offerings
The advent of Bitcoin with the utilization of distributed ledger technology- blockchain, had seen the growth and development of blockchain technology into not just a buzzword or technical jargon, but a technology of epic proportions as it is a modern means of payment through cryptocurrency, which flourishes exponentially with each fiscal year. Various attempts are being made to utilize blockchain technology throughout the financial and economic industries, focusing on smart contracts and decentralized distributed ledger technology. While cryptocurrency is still a relatively promising disposition, it is still very much subject to human-adoption for everyday use; so much so, in fact, OTIUM Luxury is trying to tap into the luxury lifestyle markets with its upcoming token and a host of luxury-based products, services and projects.
It is expected to make a big change. However, unlike the development of blockchain technology, cryptocurrency is still in place. The result of Existing ICO (Initial Coin Offering) mostly turned to be the failure from the lack of preparation as they failed to meet the business proceedings and results which was promised by the ICO after raising funds; thus, this has caused massive financial losses to the ICO investors.
To prevent such project failures and investment losses, OTIUM have completed all related preparations to immediately initiate major business portfolios with aims of achieving genuine, profitable results upon listing OLX tokens. OLX token holders can use OLX tokens for various practical purposes, and some of the revenue generated from the OLX token business will be reinvested into the business development growth to increase the value of OLX tokens.
OTIUM Luxury, under the leadership of its charismatic CEO – Kim Kwang Min, who happens to be the founder and CEO of KERI – the Kim Economic Research Institute in Sejong, South Korea, is South-Korea’s premier luxury brand of malls, products and fintech investment services that prioritises real-economy ecosystem for luxury goods, shopping malls, hotels and other upscale lifestyle amenities. With Kim’s leadership backed by a reputable team of serial entrepreneurs, tech-developers, financial experts and advisors, the OTIUM Luxury stable is now a prominent force to be reckon with in the FinTech industry, as their incubation project produced the acclaimed OLX Coin token.
About OLX Coin token
The OLX Coin is an ERC20 standard token based on the Ethereum blockchain that is issued by Otium. OLX is an innovative digital asset project conceptualized through offline entity support to create a real-economy ecosystem for luxury goods, shopping malls, hotels and other upscale lifestyle amenities. The main utility and aspects of the OLX token is to be used as a form of digital payment currency across East-Asia (Korea, Hong Kong, Singapore) and for cryptocurrency exchange, having being listed with a trading pair in KeriFX, a Futures Exchange forex trading company and research institution in South Korea.
KEY OLX Coin Features
-
Mobile Payment Service
-
FX & CFD Trading Service
-
Smart Contract Based Investment
1. Mobile Payment Service
OLX simplifies the complex payment network and payment structure to provide more opportunities for merchants and customers. Deploying blockchain technology to implement mobile payment services reduces payment processing time and payment fees by replacing the payment agency channels, which was necessary in the existing payment process.
The reduction of unnecessary adhoc fees enables merchants to provide more value-added services and better-quality products to their customers, and thus a higher profit margin for merchants themselves. Customers will benefit from savings and obtain more satisfaction this way getting their moneys’ worth without suffering below-par quality of products and services.
If a blockchain-based payment service that utilizes OLX tokens is implemented, customers will be able to use OLX tokens for payment of purchases in addition to the existing fiat currencies. OLX tokens will also provide stable usage of OLX tokens through partnerships with global distribution channels, online and offline stores in various countries.
2. Fx & CFD exchange
OLX has signed a platform and liquidity supply agreement with B2BROKER, the world’s third largest FX Liquidity provider by liquidity supply, in June 2019, to utilize OLX tokens as a key currency in FX Margin trades.
KERI Limited Hong Kong Corporation, OTIUM’s FX and CFD Exchange, has been established and developed to offer FX Margin trading and CFD trading of cryptocurrencies and futures using OLX tokens.
In addition, 30 billion OLX tokens will be available for rental to major customers who wish to trade FX and CFD at the lowest fee, activating the use of OLX tokens, and 40% of the related profits will be returned to the benefit of OLX token users.
3. Smart Contract based investment
There are two ways to increase the value of OLX tokens:
The first, is an increase in value as OLX tokens will be needed and utilized for various products and services. The Luxury Brands business is the company’s main business criteria that has been operating before, so stable OLX tokens payment service is possible.
With regards to FX & CFD trading services, the financial hedge fund business and real estate alternative investment business commences in 2020, making it the largest growth model of the OLX token ecosystem that would increase the value of OLX tokens.
OLX already have a global group of financial investment professionals and real estate experts and will continue increasing the value of the OLX token and expand the OLX
The second phase is to increase the value of the company. The businesses that OTIUM are focusing on is FX & CFD Exchange, Hedge funds, Real estate, Entertainment, and IT that can apply blockchain smart contract technology will be the prime industries that we will be focusing in. OTIUM constantly looks for real estate investment opportunities in mature markets such as South Korea and Japan in East Asia, while exploring real estate investment opportunities that can expect significant value increases in emerging markets in Southeast Asia.
OTIUM have already verified all achievements and perspectives as a real estate alternative investment expert through partnerships, etc., and combined their capabilities with blockchain smart contracts to condition clauses that require mutual confirmation in real estate contracts, etc.
OLX coin users get the opportunity to make money using the best FX margin trading of 5 trillion a day, conveniently purchase luxury goods through OLX tokens, and join the highest yielding financial and real estate funds with OLX tokens. This is because the core of OTIUM’s goal is the continuous rise in real life use, the creation of real-economy and maintain/increase the value of OLX tokens.
Additionally, OTIUM also plans to provide such services that rent can be automatically paid in OLX tokens through Smart Contracts.
TOKEN UTILIZATION UPDATE
On February 1, 2019, OLX Coin signed an MOA with Otium Luxury Goods Store (K-Village Co., Ltd.).
What this means is that you can now pay with OLX Coin directly at Otium Luxury Goods Stores at Sejong Branch and Jeonju Innovation Branch, and various events are provided to users purchasing with OLX Coin.
OTIUM LUXURY MALLS INFO
In particular, Otium Luxury Brands Mall is located at 46 Galsan-ro, Iseo-myeon, Wanju-gun, Jeollabuk-do, Korea, while Otium Luxury Brands Mall Sejong is located at 22, Wonang 1-gil, Bugang-myeon, Sejong Special Self-Governing City, Korea.
Further plans in the pipeline included opening the largest luxury mall in 31, Sejong headquarters, followed by Otium Luxury Brands Mall in Hong Kong and Singapore by the first quarter of 2020.
The online Otium Luxury Brands Mall will be set to launch in the second quarter of 2020.
To provide OLX token users with the convenience of purchasing luxury goods, the token value and pegging mechanism is set to support an equivalent exchange of OLX tokens 1: 1 with OBC (10 KRW) points. Through this OLX will fulfil the responsibilities and pledge as a token-issuer, laying the foundation for solidifying the value of OLX tokens.
In the future, if the demand of OLX token holders is met, the Company will expand the Otium luxury-hall to secure user convenience of OLX token holders anywhere in the world, and will continue to expand the mobile payment service through the partnership.
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https://mobile.twitter.com/AlphaexCapital/status/1199178458737336321
[Daily Discussion] Tuesday, November 26, 2019
Thread topics include, but are not limited to:
- General discussion related to the day's events
- Technical analysis, trading ideas & strategies
- Quick questions that do not warrant a separate post
Thread guidelines:
- Be excellent to each other.
- Do not make posts outside of the daily thread for the topics mentioned above.
Other ways to interact:
- Get an invite to live chat on our Slack group
- Set your flair to trade pretend money in the Flair Game
- Weekly threads: Newbie Mondays and Fundamentals Fridays
- Altcoins Discussion: Altcoin Discussion
[Altcoin Discussion] Tuesday, November 26, 2019
Thread topics include, but are not limited to:
- Discussion related to recent events
- Technical analysis, trading ideas & strategies
- General questions about altcoins
Thread guidelines:
- Be excellent to each other.
- All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
- This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
- No discussion about specific ICOs. Established coins only.
If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
Other ways to interact:
- Get an invite to live chat on our Slack group and check out the #altcoins channel
- Daily Discussion for bitcoin only: Daily Discussion
- Prior Altcoin Discussion: Altcoin Discussion
@AlphaexCapital : Forex Trader: The Ultimate Guide For Beginners In 2019 https://t.co/yxp93x93qw #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals
https://mobile.twitter.com/AlphaexCapital/status/1199143392371974144
Bitcoin Cash House education hubs expanding. African countries up next.
Hi All,
After a lot of positive feedback, suggestions, and ideas from the community, Bitcoin.com is going to work on sponsoring more hubs.
Next up - Ghana, Zimbabwe, + South Sudan.
More details will be released at the Toronto BCH meetup this Sunday.
Also at the Toronto Bitcoin Cash Meetup: https://www.meetup.com/BitcoinCashToronto/events/266440658/
Coins4Clothes, rewarding those who donate clothes to charity with Bitcoin Cash, has an exciting announcement of their own.
Stay tuned.
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https://mobile.twitter.com/AlphaexCapital/status/1199128295599681536
@AlphaexCapital : Enter for a chance of getting a free copy of our Forex Trading Strategy Guide for FREE! Click here to enter now: https://t.co/zVCPPs2jor -- Giveaway ends: 30/11/2019. Winner announced 01/12/2019. #giveaway #win #forex #investing #bitcoin #crypto #xrp #btc #eth #forexsignals
https://mobile.twitter.com/AlphaexCapital/status/1198967063206866944
Welcome To The Bitcoin Loan Reddit...
The Bitcoin Loan Reddit is a place for you to learn everything you can about this awesome new financial tool!
Bitcoin loans have come a long way in a short time - first off, now you're not limited to Bitcoin! You can get a cryptocurrency loan fully backed from a platform that supports other coins like Ethereum, Ripple, Litecoin, EOS, and more. Whether you've been browsing social media, reddit, or asking friends - there's a lot of misinformation out there.
Some may try to say you risk your credit, or but most would say the honest view is that you're better off, not worrying about some crypto loan shark because you did some crazy deal with no collateral, wishing you were anonymous. Let the bitcoin vouch for you! These are really the most stress free bitcoin loans you can get.
Our site will guide you on the smart way to use them - taking out loans... for a profit!
But where people are getting loans, others will earn interest on crypto by lending it out. We cover that side too!
Crypto CurrencyBizopps
Crypto currency is the Future. So , we are helping our guests to pick the best Crypto money opportunity. Our guests are individuals who are searching for best Crypto openings on the planet . Here in this segment we have recorded the top crypto chances to look over. Positioning has been given based on reviews and open intrigue.
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Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
Best Ways to Buy Bitcoin in Malaysia? 5-Min Read Step-by-Step Guide
https://askrypto.com/guides/2019/11/best-ways-to-buy-bitcoin-in-malaysia-5-min-read-step-by-step-guide/
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