Tuesday, May 2, 2023

Cardano Daily Discussion - May 03, 2023

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

See this post for more examples of what they look like

Do not be fooled!

To be clear:

  • ⚠️ There is no such thing as a Cardano giveaway
  • ⚠️ Never share your seed phrase with ANYONE
  • ⚠️ Never send ADA to someone promising to send you more ADA back
  • ⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

https://preview.redd.it/60ofludzpq8a1.png?width=284&format=png&auto=webp&v=enabled&s=7d58fc8aaa2eb5f125624608b97bdd7b943a1111

Midnight Subreddit

In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).

I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.

Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.

Cheers all


Biking Exchange Daily News #Bitcoin miners #BRC-20 #PEPE #UK #Starknet


This plot of bank failures puts recent events in context... (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/136176c/this_plot_of_bank_failures_puts_recent_events_in/

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Mawson Infrastructure Group Inc.($MIGI) brings reliable and sustainable energy to Ohio

The Site has further potential for another 26MW, taking the total to 50MW

The site expands Mawson’s potential capacity to up to 290MW

The new site emphasizes the Company’s focus on the PA / OH region

Mawson Infrastructure Group Inc. ($MIGI), a digital infrastructure provider, announces today that it has entered into agreements for a new site in Corning, Ohio, with initial capacity for 24MW. Mawson expects that the site has an additional 26MW of potential capacity upside, taking the total site to 50MW, subject to further infrastructure investment. The site has been signed on a long term lease.

The site will be a welcome addition to the existing 240MW of capacity that Mawson has online and under development in the surrounding area. It is intended that the site will be online to the full initial 24MW capacity in Q3, providing a possible increase in deployable hashrate of up to 1.0EH.1

Mawson expects the site to initially host 12 MDCs and 7,056 miners. Mawson expects to have a mixture of self-mining and hosting on site but will make a further decision on the breakdown closer to energization.

James Manning, CEO, commented, “We are very excited to have finalized this new site acquisition. The addition of this site to our portfolio of assets in the region is a great achievement by the team reinforcing our revised strategy of focus in the PA/OH region. This is the first of several smaller sites the Mawson team has been working on, with a focus to deploy low cost, quick to market mining facilities.”

About Mawson Infrastructure

Mawson Infrastructure Group ($MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements due to various risks and uncertainties, such as the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. Mawson's Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC on March 23, 2023 and November 14, 2022 contain detailed information about the risks and uncertainties affecting the company. However, one should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

Statements about ASIC miner capacity and Exahash forecasts in this document are not an assurance that Mawson will have that many ASIC miners available to deploy, or that they will meet the assumed efficiency (whether self-mining or hosted units). Mawson’s ability to deploy efficient units will depend on many factors such as Mawson’s future ASIC miner purchases and sales, our ability to attract future hosting customers, and the number of ASIC miners’ customers have to deploy. Exahash forecasts assumes a fleet of miners operating at 140 TH. Mawson’s current fleet does not operate at 140 TH.


What is Cryptocurrency and Blockchain Technology?

What is Cryptocurrency and Blockchain Technology?

A cryptocurrency is a form of digital currency that uses encryption techniques to regulate the generation of units, verify transactions and secure the network. It's also referred to as virtual currency or digital money.
Cryptocurrencies are used to make payments between two parties without using a third party such as a bank or payment processor. They work on a distributed ledger known as blockchain technology, which is an open and decentralized database that keeps track of all transactions ever made on it.

The Benefits of Working in Cryptocurrency and Blockchain Technology

  • High salaries. Cryptocurrency and blockchain technology are highly lucrative fields, with average salaries ranging from $100,000 to $150,000 per year.
  • Job security. As long as there's a need for cryptocurrencies and blockchain technology in the world, there will be jobs available in these fields--and that means you'll always have a job!
  • Potential to revolutionize the world: Cryptocurrency and blockchain technology have the potential to change how we interact with each other on an individual level (for example by helping people send money across borders more efficiently) as well as on a global scale (by making it easier for people living in developing countries without access to banks).

What Skills Do You Need to Work in Cryptocurrency and Blockchain Technology?

In order to work in cryptocurrency and blockchain technology, you'll need to have a strong understanding of the following skills:

  • Programming - You'll need to be able to write code that runs on a computer or server. This could be anything from writing web applications in JavaScript or Python, or working with smart contracts on Ethereum.
  • Cryptography - Cryptography is the science of securing communications through the use of codes and ciphers. It's important for anyone working with cryptocurrencies because it helps keep your money safe from hackers who want to steal it!
  • Data structures - A data structure is an organized way of storing information so that it can be accessed quickly by computers when needed (for example, when you're buying something). The most common types are lists (or arrays) and trees; if you understand these concepts then you're well on your way towards becoming an expert programmer!
  • Economics - Economics is another field related to finance; however unlike finance which deals specifically with money management strategies such as budgeting etc., economics looks at how society allocates resources like time/energy etcetera across competing uses such as production versus consumption activities within society."

How to Learn About Cryptocurrency and Blockchain Technology

  • Online courses: There are a number of online courses that can help you get started in the cryptocurrency and blockchain technology space. Coursera has several classes on the subject, including Cryptocurrency and Bitcoin, Blockchain Technology and Ethereum Solidity.
  • Books: If you prefer reading books overtaking an online course, there are many great books available for beginners looking to learn about cryptocurrencies and blockchain technology. Some examples include The Internet of Money by Andreas Antonopoulos (about bitcoin) or Mastering Bitcoin by Andreas Antonopoulos (more general).
  • Conferences: There are also conferences around the world where people who work in this field gather together to talk about their work -- these events are usually free or low-cost so they're worth checking out if you want to meet others working in this area! You can find out what's happening locally by searching for "blockchain conference" on Google; here's one example from Berlin last year [link].

Networking and Finding Opportunities in Cryptocurrency and Blockchain Technology

Networking is one of the best ways to find opportunities in cryptocurrency and blockchain technology. The first step is to attend meetups, where you can network with other developers, investors and entrepreneurs who are looking for talent. You can also try online forums like Reddit or Quora if you're not able to find any local events near your area.
You should also consider contributing to open-source projects if this interests you; it's a great way to build up some experience under your belt before applying for jobs or internships at tech companies (and there are plenty of them). If contributing isn't something that appeals to you but still wants more experience working on code-based projects then building up a portfolio will help show off what kind of work ethic and skill set that person has when applying for jobs later down the road!

Types of Jobs in Cryptocurrency and Blockchain Technology

You may be wondering what kinds of jobs are available in cryptocurrency and blockchain technology. The answer is that there are many, ranging from entry-level positions to high-paying careers. Here's a list of some common roles:

  • Developers - These individuals build the apps and platforms that make it possible for users to interact with cryptocurrencies. They're also responsible for creating smart contracts (which are computer programs that execute when certain conditions are met).
  • Project managers - These people oversee all aspects of a project, including budgeting, scheduling and hiring new employees when necessary.
  • Analysts - Analysts analyze data related to cryptocurrency investments so that investors can make smarter decisions about which coins they should buy or sell at any given time based on past performance data provided by experts who have been studying these markets since their inception back in 2009 when Bitcoin first came onto the scene as an alternative form of payment system outside traditional banking systems controlled by governments around the world where inflation rates were high due to excessive printing money supply due too much debt accumulated over decades prior which caused prices to go up significantly after 2008 crisis hit global economy hard causing many countries defaulted loans including USA itself!

The Future of Cryptocurrency and Blockchain Technology

The future of cryptocurrency and blockchain technology is bright. The potential applications are endless, and the impact on the global economy is sure to be significant. However, this new technology comes with its own set of challenges, including regulatory concerns and questions about how it will impact existing industries.

Tips for Succeeding in Cryptocurrency and Blockchain Technology

  1. Stay up to date on industry news
  2. Be flexible
  3. Be open to new technologies

Finding the Right Job in Cryptocurrency and Blockchain Technology

Once you've decided what type of job you want, it's time to start looking for companies that fit your needs. You can find these by researching the industry and checking out what companies are doing well in terms of funding and market share.
Once you've found some promising leads, it's time to craft a resume that highlights both your technical skills and personal qualities (such as leadership ability). This will help make sure that when recruiters review your application they see all the reasons why they should hire someone like yourself instead of someone else who may have similar experience but lacks those extra qualities.
Once that's done, it's time for interviews! Prepare ahead by practicing answering common interview questions such as "Tell me about yourself" or "Why do think this position would be good for you?"

Conclusion

You should now have a better understanding of the cryptocurrency and blockchain technology industries. If you're interested in pursuing a career in one of these fields, there are many ways to get started.
If you want to learn more about cryptocurrencies, check out our list of recommended resources below:

  • The Complete Guide To Understanding Cryptocurrency And Blockchain Technology by CryptoCurrency Facts
  • What Is Bitcoin? A Step-By-Step Guide For Beginners by CoinSutra
  • How To Buy Bitcoin - Coinbase Review by Investopedia

Revolutionize Your Trading Game with Novatech Forex: Unveiling the Top Reviews!

Novatech Forex is a Forex brokerage firm that offers its clients trading services on the Forex market. The firm provides its clients with access to a variety of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. In this article, we will provide a comprehensive review of Novatech Forex, covering all aspects of the firm's services, including its trading platform, account types, customer service, and more.

Background Information

Novatech Forex was founded in 2019 and is based in Saint Vincent and the Grenadines. The firm is regulated by the International Financial Services Commission (IFSC), which is a regulatory body that oversees financial services firms operating in the region. Novatech Forex aims to provide its clients with a safe and secure trading environment, with a focus on transparency and customer satisfaction.

Trading Platform

Novatech Forex offers its clients access to the popular MetaTrader 4 (MT4) trading platform. MT4 is widely regarded as one of the best trading platforms in the industry, offering advanced charting tools, real-time data feeds, and customizable indicators. The platform is available for download on desktop and mobile devices, making it easy for clients to trade on the go.

Account Types

Novatech Forex offers three different account types to suit the needs of various traders. The Mini account requires a minimum deposit of $250 and offers fixed spreads starting from 3 pips. The Standard account requires a minimum deposit of $1,000 and offers variable spreads starting from 1 pip. The VIP account requires a minimum deposit of $10,000 and offers variable spreads starting from 0 pips. Each account type comes with different features and benefits.

Deposits and Withdrawals

Novatech Forex offers several deposit and withdrawal options, including bank wire transfer, credit/debit cards, and e-wallets such as Skrill and Neteller. Deposits are processed instantly, while withdrawals may take up to 5 business days to process, depending on the payment method.

Trading Instruments

Novatech Forex offers its clients access to a wide range of trading instruments, including over 60 currency pairs, commodities such as gold and oil, indices such as the S&P 500 and the FTSE 100, and cryptocurrencies such as Bitcoin and Ethereum.

Customer Service

Novatech Forex provides its clients with 24/5 customer support via live chat, phone, and email. The firm's support team is knowledgeable and responsive, providing prompt assistance to clients who need help with their accounts or trading activities.

Education

Novatech Forex offers its clients a comprehensive education center where traders can learn about various aspects of trading, including technical analysis, fundamental analysis, risk management, and more. The firm also provides regular webinars and seminars to help traders improve their skills.

Regulation

Novatech Forex is regulated by the International Financial Services Commission (IFSC), which is a regulatory body that oversees financial services firms operating in the region. The IFSC is responsible for ensuring that Novatech Forex operates in a safe and transparent manner, with a focus on protecting the interests of its clients.

Security

Novatech Forex takes security seriously and employs advanced security measures to protect its clients' funds and personal information. The firm uses SSL encryption technology to secure all transactions and employs strict anti-money laundering (AML) policies to prevent fraud and money laundering.

Pros

Novatech Forex offers competitive spreads on a wide range of trading instruments. The firm provides its clients with access to the popular MetaTrader 4 trading platform, which is easy to use and highly customizable. The firm's customer support team is responsive and knowledgeable, providing prompt assistance to clients who need help with their accounts or trading activities.

Cons

Novatech Forex is a relatively new brokerage firm, having only been founded in 2019. The firm's regulation by the International Financial Services Commission (IFSC) may not be as stringent as regulation by more well-known regulatory bodies such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).

Trading Tools

Novatech Forex offers its clients a range of trading tools to help them make informed trading decisions. These tools include economic calendars, which provide information on upcoming economic events that could impact the markets, and real-time market news feeds, which offer the latest news and analysis from the financial markets. Novatech Forex also provides clients with access to advanced charting tools, including custom indicators and drawing tools.

Trading Conditions

Novatech Forex offers its clients competitive trading conditions, including low spreads, high leverage, and fast trade execution. The firm's spreads are among the lowest in the industry, starting from 0 pips for VIP account holders. Novatech Forex also offers high leverage of up to 1:500, which enables traders to take larger positions with smaller amounts of capital. The firm's trade execution is fast and reliable, with orders executed in milliseconds.

Bonuses and Promotions

Novatech Forex offers its clients a range of bonuses and promotions to help them maximize their trading profits. These bonuses and promotions include deposit bonuses of up to 100%, cashback bonuses on trades, and referral bonuses for clients who refer their friends to the firm.

Conclusion

In conclusion, Novatech Forex is a reputable Forex brokerage firm that offers its clients a wide range of trading instruments, competitive spreads, and excellent customer service. The firm's regulation by the International Financial Services Commission (IFSC) provides clients with a measure of protection, while its advanced security measures ensure that client funds and personal information are secure. Whether you are a beginner or an experienced trader, Novatech Forex has something to offer.