Foundry offers to empower decentralized infrastructure and they provide both miners and institutional experts with tools, capitals and market intelligence needed to set up a decentralized structure. 

“Our mission at DCG is to accelerate the development of a better financial system,” said Barry Silbert, Founder and CEO of DCG. “Digital asset mining and staking provide the backbone of the blockchain technology that will drive that advancement. Foundry is bringing critical resources and guidance to an essential corner of the industry, and Mike Colyer and his team have the expertise, credibility, and integrity to support the evolving needs of miners and manufacturers.”

The subsidiary Foundry is aiming at  collaborating with major key players in the mining and staking sector thereby allowing them to focus on creating greater access to digital assets mining. 

“Foundry’s understanding of the mining industry and DCG’s full support have made it a key partner in our expansion across North America in the past year. We plan to continue collaborating with Foundry as we focus on increasing our global market share,” said Jordan Chen, COO of Shenzhen-based bitcoin miner manufacturer MicroBT.

DCG has plans on investing over $100 million into Foundry through the year  2021, this will allow miners and manufacturers to have access to resource capital and trusted partners for the first time in the mining industry. 

“We want to empower decentralized infrastructure in the new digital economy, and our work will support the development and growth of mining operations — particularly in North America,” said Mike Colyer, CEO of Foundry. “We are a business built by miners for miners, and we are partnering with entrepreneurs who share our mission of advancing the industry and creating a decentralized mining ecosystem.”

About DCG

The Digital Currency Group (DCG) is the parent company of Grayscale Investments, Genesis, CoinDesk, and Foundry. It was founded In 2015 by Barry Silbert and is currently backing over 160 companies in over 30 countries. 

Coin telegraph reported that Bitmain opened the “World’s largest” facility for Bitcoin mining in Rockdale, Taxes back in October, 2019.

Testing Going On

Kevin Turner, president and CEO of Core Scientific said “Core scientific has received and began testing  

Core Scientific has received and begun testing the first of Bitmain’s newest ASIC miners, and has seen material success in increasing existing hash rate to achieve a 110 TH/s ± 3%.

Russell Cann, chief Customer Service Officer of Core Scientific said “Our view is that this rise in interest and increase in capital allocation and investment can be attributed to the growing acceptance of crypto and/or digital assets as an investment asset class as well as the favorable investing characteristics of North America; specifically, the stable geopolitical and regulatory environment, suitable climatic conditions and multiple energy sources presentImportantly, with the collapse of energy pricing, the lower cost power areas in the US and Canada, are creating some unique project opportunities for larger-scale miners, like Core Scientific, to consider.”

Speaking on the plans to expand its business by setting up a mining Farm, Ebang representative stated

We will soon establish our own mining farms with [a] flexible cooperation model […] as well as mining pools to sell our computing power and we will also start to set up [a] cryptocurrencies trading exchange

They plan on exploring the “application of blockchain technology into financial services, education and healthcare industries.”

Ebang plans on raising $125 million and as such the company values every publicity it gets, one o f which is the Nasdaq listing. The company’s representative said that the publicity Nasdaq offers will help them enhance their brand and attract more talent. They could also set up a cryptocurrency exchange since they are a publicly traded company.

Credit is the most important point for establishing the cryptocurrencies trading exchange, and a Nasdaq listed company regulated by U.S. Securities and Exchange Commission should be able to strictly control the compliance and safety of the transaction

The amount of ETH one should own will depend solely on that person’s personal preference and whether or not they plan to stake ETH.

32 ETH Minimum for Staking

To stake ETH, you will be required to maintain a minimum of 32 ETH to run a validator. Staking Ethereum is said to yield rewards of anywhere from 4.5% to 10.5% and these figures will vary depending on the total amount of ETH you’re staking. The more ETH you stake, the smaller the percent reward gets.

This is to level the playing field and allow those with smaller staking balances to yield a worthwhile reward.

Passive Income Earnings

How much ETH you should hold will highly depend on how much passive income you want to earn from staking. Using an ethereum staking calculator, you can determine the average earnings from how much you wish to stake.

If you stake 1000 ETH, you can expect to earn around 80 ETH for the 1st year. While that is less than $20k right now, by the time you receive those rewards, ETH can be much more valuable.

Watch this video to learn more about how much Ethereum you should hold and future ETH price predictions

High Demand, Low Supply

With Ethereum staking launching soon, demand is steadily increasing to own the minimum 32 ETH that’s required to run a validator. Many people are also increasing their ETH holding stacks in order to earn more passive income once staking is live.

Recently Paul Tudor Jones announced that he has invested in Crypto as a hedge against inflation. This may soon result in a surge of demand for Ethereum and other cryptocurrencies.

The surge in demand of new investors at the same time as Ethereum is launching staking can result in a bull run unlike anything we have seen.

I believe Ethereum will be the best performing digital asset for the next year.

I’d like to start with the fact that anyone who hasn’t heard of Digibyte might not actually be into crypto full time. Over the years we’ve seen the community support this project with all its got. It is indeed one of the most loved and supported projects out there. This shouldn’t come as a shock to you if you have really done good research on them. On their site we are told it is a volunteer based and global community driven project.

Digibyte is an open source blockchain created in early 2013 and released in 2014. Digibyte also claims to have become one of the most safest, fastest, longest decentralized unspent transaction Output (UTXO) blockchain in existence. To understand what and how a UTXO works, click here. Click here to understand how it works on BTC too.

DIGIBYTE TOKONOMICS

Ticker – DGB

Total supply – 21B

Circulating supply – 13B

Transaction speed/ time – 15secs

RECENT PRICE MOVEMENT 

The price of DGB has seen some positive movements recently. It’s hard to see such movements in the Crypto space without a high profile news or release in the crypto space. Some wonder what could have helped make this coin move up in price too. Well, when asked Josiah an admin in the DGB community gave an Honest reply as to what he feels must have helped the price move in this manner, below is his answer to it.

From Josiah’s answer, we could see what he believes has helped the price to make this uptrend movements. He says DGB is basically BTC with another name and that DGB is  more secure, faster, and better than BTC. So here is some similarities between DGB and BTC and then you choose which is better.

SIMILARITIES BETWEEN DBG AND BTC

1) Proof of work – Bitcoin is proof of Work or rather POW and can be mined, same case with DGB. You can check out the official site for Digibyte to know how the mining works and what tools are available.

2) Halving – This is for sure one of the interesting part of BTC. Halving is the process of dividing or cutting out 50% of the total rewards a miner can get for mining or generating blocks. It occurs every 4 years when the block generated on the blockchain hits 210,000 blocks ( 840,000 blocks for LTC). DGB has its halving every month at approximately 175,200 blocks, 1.12% of coins minted are reduced. Here is a fraction of the code explaining it.https://github.com/digibyte/digibyte/blob/master/src/validation.cpp#L1202

3) Transaction Speed/Time – For any crypto to gain mass adoption and hopefully be used in a day to day activity then speed and convenience must be a core factor. DGB transactions are confirmed at approximately 15sec which is way faster than BTC where transactions sometimes ranges from minutes to hours depending on the network as at the time of transacting. This for a fact shows that DGB is 40 times faster than BTC.

4) Exchange Listings – Every exchange today has BTC as a default pair, no one has to pay to list BTC. It is interesting to know that DGB might have this same favor too to an extent. An article released by CCN in 2019 stated that DGB was listed on 80 exchanges without fees.

Rudy Bouwman, the Secretary and Vice chairman of DGB Foundation Confirmed this even adding that it was over 100 exchanges that DGB was listed without fees. How this happened is not known but it’s great to see such developments in the crypto sphere and the fact that some of these exchanges are those with high demanding fees is something to marvel at.

5) Community support –  Its a known fact that BTC has a lot of strong supporters even going as far as top influential individuals and leaders in the crypto space such as CZ the CEO of Binance Exchange and the Bitcoin Maximalist Pomp. DGB too has seen some strong support from the community of investors and well wishers it has, they’ve been cases where it was delisted and the community voiced out, they have helped win popular twitter polls and other crypto engagement, there is hardly a tweet asking for what to invest where you wont see a user comment $DGB.

You can find more features about this project on their official Site. With the above we couldn’t agree less with Josiah’s words when he described DBG to be more forward thinking and advanced.

As at time of writing DGB is trading at $0.023 on CMC