Cyder Coin to Release Updated Wallet

Cyder coin plans to release the Mac OS and Linux Wallet during April 2018
09 April 2018   499

According to its whitepaper, Cyder coin aims to create a new Kind of Business Networking Club, that works as a vehicle, an accelerator which incorporates the concept of Crypto Business by giving the chance to entrepreneurs, IT specialists, programmers and other professionals to meet in various places of the world to talk about the future of money.

As it is stated in a Cyder coin roadmap published on its official website, Cyder coin plans to release the Mac OS and Linux Wallet during April 2018. Cyder Networking lounge is the place to be for those who see a bright future for cryptocurrencies, and Cyder will have various features including payment system to access CNL, demo and instructive function to show the newcomers how a cryptocurrency works with practical exercises. The Cyder coin team reported that it has improved its wallet and is expecting a new contract by the end of April 2018.

At the moment of press, Cyder coin is traded at $0,002126 price.

Bear Market to Hit Mining Hard

BitMEX research division presented an analysis of the impact of market decline on the mining industry
11 December 2018   63

The cryptocurrency market has experienced a marked decline over the past weeks. The BitMEX research division presented an analysis of the impact of these events on the mining industry. Bitcoin hash rate has fallen by 31% since the beginning of November, which is equivalent to the capacity of 1.3 million Bitmain S9 devices. From this, BitMEX concludes that miners as a class are in a difficult situation, however, they may have different conditions, and those who pay more for electricity, are forced to turn off their equipment first, while others may still be quite viable.

The decrease in the price of Bitcoin by 45% since the beginning of November has already caused two recalculations of the complexity of mining to the lower side - by 7.4% and 15.1% on November 16 and December 3, respectively. The first recalculation turned out to be the largest since January 2013, the second - since October 2011.

Bitcoin mining revenue fell from $ 13 million per day in early November to $ 6 million per day in early December. The fall in the size of the miner's encouragement turned out to be even more rapid than the fall in the price of cryptocurrency. This is due to the delay in recalculating the complexity of mining. For the six-day period ending December 3, 21.8% fewer blocks were mined than expected, since the miners left the network before recalculating the difficulty. As a result, in addition to reducing the size of the miners' encouragement in dollar terms, due to lower asset prices, they received 21.8% less bitcoin awards.

One of the popular reasons for the recent decline in the cryptocurrency market is that miners sold bitcoins to cover their costs of hash warsin the Bitcoin Cash network. The monitoring platform Boltzmann recorded an unusually large sale of Bitcoin by the miner on November 12, that is, 3 days before the hard fork of Bitcoin Cash.

BitMEX assumes that the actions of miners over the past weeks could have played a significant role in reducing the market, however, recommends not overestimating their value and reminds that in a bearish trend, prices continue to fall regardless of asset movements and news.