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The cryptocurrency market continues to expand with new innovative projects. One launching soon that experts anticipate could surge over 20x upon exchange listings is Pandoshi (PAMBO). Its focus on real-world utility and unique tokenomics make it a potential breakout opportunity for massive gains.

Pandoshi is a privacy-focused, community-governed cryptocurrency ecosystem advocating for decentralization and financial freedom. Its ideologies mirror those of Bitcoins anonymous founder, Satoshi Nakamoto.

Specifically, Pandoshi seeks to shift control of finance away from banks and governments into users hands through decentralized platforms. This aligns closely with blockchains original motivations facilitating direct transactions without centralized oversight.

To realize its decentralization vision, Pandoshi is building a suite of interconnected DeFi products, including a Layer 2 blockchain, non-custodial wallet, zero KYC crypto cards, and more. These offerings provide versatile utility for Pandoshis native PAMBO token to capture value across DeFi.

Pandoshi is currently concluding a multi-phase token presale as its official launch nears. The presale has seen PAMBOs price surge 500% from $0.002 in Phase 1 to $0.01 in the final Phase 5.

In addition, over $5.5 million has poured in from 10,000+ contributors in just the past month, signaling the intense demand for PAMBO tokens.

With the presale nearing completion, analysts expect an initial 20x price explosion for PAMBO when public trading opens. Heres why:

Deflationary Tokenomics Induce Scarcity

PAMBO charges fees on ecosystem products and uses the proceeds to buy back and burn tokens regularly. This deflationary mechanism, paired with a limited circulating supply, reduces PAMBOs availability even as adoption widens.

With supply shrinking as demand rises, basic economics suggests substantial upside price potential in the long-term.

Real-World Utility Infrastructure

Unlike meme-coins with zero utility, Pandoshi focuses on building platforms for daily real-world use, including a non-custodial wallet already released on Android.

Major Exchange Listings

Pandoshi confirms that once PAMBO launches, the token will get listed on two of the largest centralized crypto exchanges globally Binance and Coinbase. These platforms cater to millions of users and see billions in daily trading volume. Listing here will ensure maximum investor accessibility and liquidity for PAMBO right from the start.

In addition, PAMBO will see an immediate listing on Uniswap, the leading decentralized exchange on Ethereum in terms of trading volumes. Uniswap integration aids decentralized access without intermediaries, along with added liquidity.

The entry of PAMBO into these top-tier trading avenues will coincide with its surging scarcity and token demand. This perfect storm of shrinking supply and expanding access could trigger extreme buying frenzies for PAMBO across both centralized and decentralized exchange platforms. The resultant price rally could enable unmatched wealth creation among early adopters.

With exchange listings imminent, a shrinking token supply, utility infrastructure for real-world adoption, and presale demand surging, Pandoshi checks all the boxes for a potentially life-changing crypto investment.

The concluding presale marks the final opportunity to buy PAMBO on the ground floor before prices are expected to surge over 20x higher. Seizing this chance early could set PAMBO holders up for monumental wealth creation as decentralized finance continues to accelerate into the mainstream.

Click Here To Take Part In Pandoshi Presale

Visit the links below for more information about Pandoshi (PAMBO):

Website: https://pandoshi.com/ Whitepaper: https://docs.pandoshi.com/

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Final Opportunity to Participate in This New Cryptocurrency's Presale, Anticipated to Surge 20x on Initial Trading Day - Finbold - Finance in Bold

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The combination of rising energy prices and falling cryptocurrency prices has made it much more difficult to turn a profit mining Bitcoin (BTC). The year 2023, BTC witnessed a recovery after a series of unpredictable events such as FTC fall, Terra Luna crash, macroeconomic conditions and Binance guilty plea.

BTC rose an average of 0.39 in the month of July, 2023 and it showed immense recovery in the last months of the year, trading at around $38,000. As of Feb. 13, 2024, BTC hit the level of $50,107 for the first time since Dec. 2021 with a market capitalization of $982.72 billion.

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Bitcoin mining is the process by which Bitcoin is verified and recorded on the blockchain.

Bitcoin miners use powerful computers to complete complex mathematical functions called hashes. The processing power required to mine Bitcoin is extremely high, but Bitcoin miners receive 6.25 BTC in reward, roughly $143,000, for mining each block of transactions in the blockchain.

While anyone can technically mine Bitcoins, most Bitcoin mining is done by companies running large-scale commercial mining setups featuring data centers with specialized servers.

These mining farms are often built near affordable energy sources, such as hydroelectric dams, oil and gas wells or solar energy farms.

Aspects of the Bitcoin mining business are similar to mining physical assets, like gold or silver. The higher asset prices rise, the more profitable mining becomes and the less efficient miners need to be to make money.

However, Chris Kline, co-founder and chief operating officer of Bitcoin IRA, notes that there are several factors to consider when it comes to Bitcoin mining profitability other than the price of Bitcoin itself.

Alongside price, crypto mining profitability can be determined by a few different factors, notably rising electricity rates and increasing gas and energy prices, coupled with rising transactional prices, Kline says.

Bitcoin mining requires nearly 139 terawatt-hours (TWh) of electricity per year, which is more than the annual energy consumption of Norway. The more expensive that electricity gets, the fewer profits miners can make.

Despite the pressures of rising electricity prices and falling Bitcoin prices, there are at least a couple of trends that are moving in the right direction for Bitcoin miners.

The price of Bitcoin mining equipment is a major factor in profitability. The prices of top and mid-tier application-specific integrated circuit (ASIC) miners, the specialized chips made for Bitcoin mining, are reportedly down roughly 70% from their all-time highs in 2022 when units sold for around $10,000 to $18,000.

GPU costs are rapidly decreasing, which translates to higher mining profitability, Kline says.

In addition, Andy Long, CEO of cryptocurrency miner White Rock Management, says lower Bitcoin prices result in less efficient miners shutting down operations as they start to lose money. On the flip side, fewer total miners mean more efficient miners begin to earn more Bitcoin as prices fall.

The genius of the system is that the difficulty mechanism automatically keeps block production running, with a new block every 10 minutes on average. So at lower prices, some miners will throw in the towel. But there will always be efficient miners with high-performance equipment that will keep securing the network, Long says.

To mine Bitcoins, all the computers connected to the Bitcoin network are making millions of attempts at completing hashes every second of the day. A hashrate measures how many calculations can be performed per second, and this measurement can be by the billions, trillions, quadrillions, and even quintillions. One terahash, for instance, equals 1 trillion hashes per second.

The profitability of Bitcoin mining is quantified as hash price, measured in dollars per terahash (TH) per second in the last 24 hours. If you string that all together, the acronym for that measurement is USD/TH per second per day.

The calculation of hash price includes variables such as network difficulty, Bitcoins price, Bitcoins block subsidy and transaction fees.

Bitcoins profitability peaked at around $3.39/TH per second during the crypto market boom in December 2017.

Bitcoins hash price was as high as $0.412/TH per second in late October 2021. While the profitability of Bitcoin mining has dropped, total mining activity remains near all-time highs.

The networks hashrate is currently around 520.0 million TH per second, up from 7 6.5 million TH per second in early August 2017.

As the profitability of Bitcoin mining dropped in 2022, top crypto miners share prices have also fallen. Fortunately, Canaccord Genuity analyst Joseph Vafi says the most efficient Bitcoin miners are still turning a significant profit on their rigs.

Most of the leading mining companies in our coverage have a relatively new fleet which can remain profitable at a much lower BTC price than current levels, as evidenced by a breakeven price of $7,000 to $9,000 for a majority of them for incremental hashrate output, Vafi says.

Vafis top Bitcoin mining stock picks include Argo Blockchain (ARBK), HIVE Blockchain Technologies (HIVE), Hut 8 Mining (HUT) and Iris Energy (IREN).

Overall, despite the sharp pullback in BTC spot price, the mining model remains highly profitable for most of the leading miners, Vafi says.

Canaccord Genuity has outperform ratings for each of the four mining stocks mentioned.

Other large public Bitcoin miners include Marathon Digital (MARA), Riot Blockchain (RIOT), Canaan (CAN), and Bitfarms (BITF).

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There are several variables involved in calculating Bitcoin mining profitability.

While many of those variables have taken a turn for the worse during 2022s crypto winter, the downturn has helped purge the market of the least efficient miners and allowed the leaders of the pack to increase their market share in anticipation of what they hope will be the next cyclical upswing in crypto prices and crypto mining profitability in coming years.

More:
Is Bitcoin Mining Profitable In 2024? Forbes Advisor INDIA - Forbes

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Key Takeaways

Bitcoin miner stocks are outpacing the price of Bitcoin, which hit its highest level since 2021 as the cryptocurrency goes mainstream with the recent approval of a Bitcoin Exchange-Traded Fund (ETF).

Those gains, however, may not stick for some miners with the four-year halvingwhen the reward miners get for mining gets cut in half to ensure Bitcoin's scarcityhappening in April. The halving results in the number of new coins created getting cut by 50%, and the rewards for miners being cut in half.

The fall in revenue could to some extent be compensated by rising Bitcoin prices resulting from the lower supply of new coins. But companies with less efficient machines and operations may have a harder time.

Miners with higher electricity costs or lower-efficiency machines "will have a difficult time mining profitably post-halving," Luxor Technology Chief Operating Officer Ethan Vera said. Luxor provides services and products for the mining industry. "Many companies are stuck in power contracts, or benefit from top line gross revenue and as such might continue to mine despite not being profitable. Companies' balance sheets will determine how long they can survive doing that."

The halving comes amid renewed interest in Bitcoin after the Securities and Exchange Commission approved 11 Bitcoin ETF applications in January, paving the way for investors to access the alternative asset more easily.

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Cantor Fitzgerald analyzed 13 Bitcoin miners in January and found that at the then price of Bitcoin at $40,000, only two miners, CleanSpark (CLSK) and Bitdeer (BTDR), would be able to profit from mining. But at above $50,000 now, more miners would be profitable. The ones facing the highest costs were Hut 8 (HUT) and Argo Blockchain (ARBK). It costs them $60,360 and $62,276, respectively, to mine each coin.

Hut 8 and Argo Blockchain did not respond to requests for comment.

Riot Platforms (RIOT) said it has positioned itself as one of the "lowest cost miners" ahead of the halving. It has the third-lowest cost at nearly $44,000 per coin, according to Cantor Fitzgerald.

"Riot also intends to leverage our ability to obtain Bitcoin at a significant discount to its current market price by retaining a greater proportion of our monthly Bitcoin production in the near term," the company said in a January statement. "This is made possible by our strong liquidity profile, and will further cement our position as one of the largest holders of Bitcoin.

Cantor Fitzgerald

Marathon Digital (MARA) is preparing for the halving with plenty of cash on hand.

"We need to be resilient," Chief Executive Officer Fred Thiel said in a video last month. "If the price of Bitcoin let's just say it drops to $30,000 at the time of the halving, not many miners are going to be able to operate profitably and how many miners have enough cash on the balance sheet to be able to survive six to 12 months, maybe 24 months before it becomes profitable to mine again when Bitcoin has moved back up?"

Marathon's cost per coin is $50,559, making it profitable by a hair at today's price.

Bitcoin miner CleanSpark, which according to Cantor Fitzgerald is profitable with a cost of nearly $37,000 per coin, expects some 30% of machines currently hashing to be forced to unplug, according to Executive Chair Matthew Schultz. That's an opportunity for growth.

"Were aggressively seeking opportunities for M&A" to buy facilities and infrastructure, Schultz said.

View post:
Bitcoin Miner Stock Gains Surpass Bitcoin. The Halving May Change That. - Investopedia

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