If you ask our CEO what he thinks the best place in the world is, he will no doubt say Dubai, but in his heart he will only remember our farm. No wonder, look how beautiful it is!👀

React if you want to go there one day 💰

Time to Say Goodbye!🥺

Starting next week, we will gradually begin decommissioning the old, inefficient miners to make way for new equipment that is about to arrive at our farm.

Your income and hashrate will remain stable. But there may be short-term fluctuations in the residual hashrate, which is used to replenish the Treasury. After new miners are connected we are going to mine even more profit for our users.

Like = Pay tribute to the retiring old miners ❤️

⚡️ Wrote a short article about the main usage difference between DeFi and bitcoin. Don't forget to share your opinion via reactions or in the comments 👇🏻

We asked our corporate crypto-psychic to look at the stars, calculate the best karmic hours to buy coins and this is what we found out for each zodiac sign!

For each like we will send her 2 BTCMT as a thank you 🤡

⚡️ PoW Blockchains: Decentralization and Censorship

Today, fewer and fewer blockchains use PoW technology while PoS networks are favored. Despite the fact that PoS has a huge number of advantages, such as energy efficiency, increased resilience, improved scalability and broad adaptability, it also has some significant drawbacks. One of the main disadvantages of such blockchains is centralization. This disadvantage has become particularly noticeable with the emergence and flourishing of liquid steakings such as LIDO.

The technical entry threshold for PoS blockchain validators has become much lower than it was for PoW. Instead of a farm of asics or graphics cards, it now requires only a single computer connected to the network. This greatly simplifies the ability of single validators to participate in consensus. Without additional hardware costs, validators will be able to validate blocks or even produce them with luck. However, there is still a high entry threshold from a financial perspective for PoS network validators.

For example, on Ethereum the minimum amount of ETH needed to become a single validator is 32. At the current exchange rate, that's about $96,000. However, this problem is completely solved by liquid staking protocols, where you can deposit any amount of free tokens without taking into account the small commission and receive income as if you were a full-fledged network validator

Solving this problem as it is actually holds a much bigger danger — network centralization. Using the same Ethereum as an example, we can see that more than 80% of all funds in staking are provided by just 1 liquid staking protocol. This carries two serious problems — uneven geographic distribution of validators and censorship.

Blockchain censorship seems absurd, as the blockchain was originally created for the exact opposite purpose, but the reality is much worse. Even now, some transactions that are related to the operation of Tornado Cash or other protocols prohibited for use in some countries are not added to the blockchain. They are processed by only a small number of independent single validators, which obviously decreases the speed of their processing and inclusion in blocks. Geographical skewing of validators is also a consequence of the emergence of liquid staking, as in order to optimize costs and reduce possible risks associated with the loss of Internet packets, subordinate validators are placed physically close to each other. As a result, transactions sent from another continent have fewer privileges than transactions sent to a network near a cluster of nodes.

These problems are also exacerbated by the fact that in PoW networks, periodic hardware changes are required to improve computing power or energy efficiency, while in PoS networks this is not necessary to improve profits. As a result, this fact leads to capital accumulation and retention in the hands of large owners who invest the rewards earned in staking back into it. This leads to a constant increase in their funds, which under this system of operation can lead to irreparable consequences in the future. In this case, the expediency of network participants with small capital is negated, because the more funds are blocked in staking, the smaller rewards all validators receive.

To summarize, we would like to note that the PoS network protocol needs various updates and improvements. That is why bitcoin and other large PoW-based blockchains are the most decentralized of all, despite the «obsolescence» of their consensus algorithms.

React if you found this interesting💰

While everyone is having a Solana summer, we're announcing a week of Ryan Gosling memes.

Like = you're a Ryan fan too ❤️

Without words 🤡

Here's how our team sees the CEO when he gets home on a Friday night. No exaggeration 🔥

Thanks for your reactions! We thought we'd add fuel to the fire and have a contest so you can share your favorite Ryan meme too. 

Post your cryptomemes in the comments and we'll the best one and send a prize your way. 

P.S. the number of memes is unlimited

The results will be in on Wednesday. Good luck!❤️

How can you pass by without joking about the market situation? By the way, we're holding up 🤡