Skycoin to hold an ecosystem launch conference

Skycoin is hosting a conference as it celebrates the launch of it ecosystem on April 10 in Shanghai with an official news agencies coverage
04 April 2018   485

The Skycoin team has announced it is going to hold a conference to signify the launch of its ecosystem. The special event will take place in Shanghai on April 10 at hilton Shanghai venue. The team is ready to share Skycoin Ecosystem with all of China and therefore there will be several local, governmental and international news agencies covering the event. Significant announcements are expected to be made during the conference, and a video report will be uploaded on YouTube right after the event finishes.

Among the speakers, the will be Skycoin Founder Andy, CIO Steve, DFJ Dragon Fund Founder Wang Yue Hua, KittyCash core developer Evan Lin and many others. The event schedule is as follows:

  • 09:00  sign-in
  • 09:30  introductory video with host
  • 09:45-10:15 The history of Skycoin and Ecosystem (Sam Sing Fong, COO)
  • 10:15-10:45 How Obelisk's Consensus protocol solves the problems with Bitcoin (Andy, Founder)
  • 10:45-11:15 Skywire, the distributed network and Skyminer, the hardware node (Weng Zhi Yi, Skywire CTO)
  • 11:15-11:30 tea break
  • 11:30-12:00 CX Object System (SPO team)
  • 12:00-12:20 CX programming language (Synth, CIO)
  • 12:20-12:30 KittyCash (Evan Lin, Core developer)
  • 14:00-14:30 Blockchain consensus protocols analysis and philosophical interpretations
  • 14:30-15:00 Fiber platform sharing session
  • 15:00-16:00 Round table forum
  • 16:00-16:15 tea break
  • 16:15-17:00 Round table Q&A
  • 17:00 The end

At the moment of publication, the market parameters for Skycoin are as follows

Average price: $13.06

Market cap: $101,416,379

Volume (24H): $513,516

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.