• bitcoinBitcoin (BTC) $ 97,229.00
  • ethereumEthereum (ETH) $ 3,391.83
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.24
  • bnbBNB (BNB) $ 663.51
  • solanaSolana (SOL) $ 185.17
  • dogecoinDogecoin (DOGE) $ 0.321665
  • usd-coinUSDC (USDC) $ 0.999972
  • staked-etherLido Staked Ether (STETH) $ 3,386.52
  • cardanoCardano (ADA) $ 0.915789
  • tronTRON (TRX) $ 0.245144
  • avalanche-2Avalanche (AVAX) $ 38.67
  • chainlinkChainlink (LINK) $ 22.76
  • wrapped-stethWrapped stETH (WSTETH) $ 4,025.87
  • the-open-networkToncoin (TON) $ 5.31
  • suiSui (SUI) $ 4.63
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,963.00
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • hyperliquidHyperliquid (HYPE) $ 32.90
  • stellarStellar (XLM) $ 0.359276
  • polkadotPolkadot (DOT) $ 7.09
  • hedera-hashgraphHedera (HBAR) $ 0.254781
  • wethWETH (WETH) $ 3,392.99
  • bitcoin-cashBitcoin Cash (BCH) $ 449.12
  • leo-tokenLEO Token (LEO) $ 9.31
  • uniswapUniswap (UNI) $ 13.43
  • litecoinLitecoin (LTC) $ 100.34
  • pepePepe (PEPE) $ 0.000018
  • wrapped-eethWrapped eETH (WEETH) $ 3,587.42
  • nearNEAR Protocol (NEAR) $ 5.12
  • bitget-tokenBitget Token (BGB) $ 4.27
  • ethena-usdeEthena USDe (USDE) $ 0.999279
  • aptosAptos (APT) $ 9.89
  • usdsUSDS (USDS) $ 0.999951
  • internet-computerInternet Computer (ICP) $ 10.43
  • aaveAave (AAVE) $ 308.23
  • crypto-com-chainCronos (CRO) $ 0.161885
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.482400
  • mantleMantle (MNT) $ 1.19
  • ethereum-classicEthereum Classic (ETC) $ 26.29
  • render-tokenRender (RENDER) $ 7.29
  • vechainVeChain (VET) $ 0.046289
  • mantra-daoMANTRA (OM) $ 3.83
  • moneroMonero (XMR) $ 191.68
  • whitebitWhiteBIT Coin (WBT) $ 24.49
  • bittensorBittensor (TAO) $ 469.25
  • daiDai (DAI) $ 0.999803
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.31
  • ethenaEthena (ENA) $ 1.10
  • arbitrumArbitrum (ARB) $ 0.768465
  • kaspaKaspa (KAS) $ 0.121167
  • filecoinFilecoin (FIL) $ 5.02
  • fantomFantom (FTM) $ 1.03
  • algorandAlgorand (ALGO) $ 0.334861
  • okbOKB (OKB) $ 44.73
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.66
  • cosmosCosmos Hub (ATOM) $ 6.68
  • blockstackStacks (STX) $ 1.71
  • ondo-financeOndo (ONDO) $ 1.73
  • optimismOptimism (OP) $ 1.81
  • immutable-xImmutable (IMX) $ 1.40
  • bonkBonk (BONK) $ 0.000031
  • celestiaCelestia (TIA) $ 5.10
  • movementMovement (MOVE) $ 0.984342
  • theta-tokenTheta Network (THETA) $ 2.17
  • injective-protocolInjective (INJ) $ 21.27
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,372.76
  • the-graphThe Graph (GRT) $ 0.212294
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,482.00
  • dogwifcoindogwifhat (WIF) $ 1.99
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029689
  • sei-networkSei (SEI) $ 0.434307
  • worldcoin-wldWorldcoin (WLD) $ 2.24
  • thorchainTHORChain (RUNE) $ 5.13
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,499.76
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,798.15
  • flokiFLOKI (FLOKI) $ 0.000171
  • gatechain-tokenGate (GT) $ 13.06
  • jasmycoinJasmyCoin (JASMY) $ 0.033885
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,573.82
  • lido-daoLido DAO (LDO) $ 1.74
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • galaGALA (GALA) $ 0.036151
  • flare-networksFlare (FLR) $ 0.027646
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,180.00
  • makerMaker (MKR) $ 1,647.58
  • beam-2Beam (BEAM) $ 0.027546
  • fasttokenFasttoken (FTN) $ 3.33
  • usual-usdUsual USD (USD0) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.571688
  • pyth-networkPyth Network (PYTH) $ 0.372193
  • kucoin-sharesKuCoin (KCS) $ 11.28
  • nexoNEXO (NEXO) $ 1.35
  • kaiaKaia (KAIA) $ 0.224511
  • tezosTezos (XTZ) $ 1.29
  • based-brettBrett (BRETT) $ 0.131061
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,851.00
  • raydiumRaydium (RAY) $ 4.42
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,495.77
  • eosEOS (EOS) $ 0.812419
  • heliumHelium (HNT) $ 6.86
  • binance-staked-solBinance Staked SOL (BNSOL) $ 190.19
  • ethereum-name-serviceEthereum Name Service (ENS) $ 35.37
  • aerodrome-financeAerodrome Finance (AERO) $ 1.61
  • jupiter-exchange-solanaJupiter (JUP) $ 0.844391
  • xdce-crowd-saleXDC Network (XDC) $ 0.075887
  • flowFlow (FLOW) $ 0.714759
  • starknetStarknet (STRK) $ 0.486524
  • arweaveArweave (AR) $ 16.51
  • bitcoin-svBitcoin SV (BSV) $ 53.79
  • iotaIOTA (IOTA) $ 0.296889
  • dydx-chaindYdX (DYDX) $ 1.49
  • aioz-networkAIOZ Network (AIOZ) $ 0.924581
  • bittorrentBitTorrent (BTT) $ 0.000001
  • msolMarinade Staked SOL (MSOL) $ 231.83
  • curve-dao-tokenCurve DAO (CRV) $ 0.815612
  • coredaoorgCore (CORE) $ 1.10
  • neoNEO (NEO) $ 14.20
  • axie-infinityAxie Infinity (AXS) $ 6.28
  • elrond-erd-2MultiversX (EGLD) $ 34.86
  • matic-networkPolygon (MATIC) $ 0.483755
  • decentralandDecentraland (MANA) $ 0.482241
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,204.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,732.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,381.27
  • pendlePendle (PENDLE) $ 5.16
  • zcashZcash (ZEC) $ 53.15
  • apecoinApeCoin (APE) $ 1.16
  • eigenlayerEigenlayer (EIGEN) $ 3.87
  • jito-governance-tokenJito (JTO) $ 2.99
  • fartcoinFartcoin (FARTCOIN) $ 0.821446
  • mog-coinMog Coin (MOG) $ 0.000002
  • akash-networkAkash Network (AKT) $ 3.23
  • chilizChiliz (CHZ) $ 0.086139
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,394.54
  • ai16zai16z (AI16Z) $ 0.703108
  • conflux-tokenConflux (CFX) $ 0.160830
  • wormholeWormhole (W) $ 0.271027
  • usddUSDD (USDD) $ 0.997171
  • popcatPopcat (POPCAT) $ 0.757975
  • mina-protocolMina Protocol (MINA) $ 0.615552
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 198.88
  • spx6900SPX6900 (SPX) $ 0.780505
  • compound-governance-tokenCompound (COMP) $ 81.59
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,395.38
  • roninRonin (RON) $ 1.92
  • superfarmSuperVerse (SUPER) $ 1.56
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • ecasheCash (XEC) $ 0.000035
  • havvenSynthetix Network (SNX) $ 2.04
  • gnosisGnosis (GNO) $ 264.20
  • chiaChia (XCH) $ 21.14
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006729
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 96,433.00
  • amp-tokenAmp (AMP) $ 0.007887
  • zksyncZKsync (ZK) $ 0.179537
  • dydxdYdX (ETHDYDX) $ 1.48
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.320670
  • axelarAxelar (AXL) $ 0.751247
  • notcoinNotcoin (NOT) $ 0.006414
  • fraxFrax (FRAX) $ 0.998000
  • tether-goldTether Gold (XAUT) $ 2,630.50
  • chex-tokenCHEX Token (CHEX) $ 0.655716
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 0.642470
  • layerzeroLayerZero (ZRO) $ 5.72
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,567.46
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000113
  • reserve-rights-tokenReserve Rights (RSR) $ 0.011360
  • usualUsual (USUAL) $ 1.28
  • grassGrass (GRASS) $ 2.47
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,682.02
  • turboTurbo (TURBO) $ 0.008341
  • vanaVana (VANA) $ 18.26
  • super-oethSuper OETH (SUPEROETHB) $ 3,404.74
  • safeSafe (SAFE) $ 1.09
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006258
  • echelon-primeEchelon Prime (PRIME) $ 10.93
  • ordinalsORDI (ORDI) $ 26.47
  • oasis-networkOasis (ROSE) $ 0.082695
  • blurBlur (BLUR) $ 0.265056
  • 1inch1inch (1INCH) $ 0.391434
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.29
  • beldexBeldex (BDX) $ 0.077653
  • susdssUSDS (SUSDS) $ 1.03
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 97,082.00
  • pax-goldPAX Gold (PAXG) $ 2,632.45
  • creditcoin-2Creditcoin (CTC) $ 1.27
  • dexeDeXe (DEXE) $ 9.14
  • pumpbtcpumpBTC (PUMPBTC) $ 96,866.00
  • apenftAPENFT (NFT) $ 0.00000052
  • livepeerLivepeer (LPT) $ 13.91
  • frax-etherFrax Ether (FRXETH) $ 3,399.16
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.505912
  • gigachad-2Gigachad (GIGA) $ 0.052147
  • arkhamArkham (ARKM) $ 1.49
  • true-usdTrueUSD (TUSD) $ 1.00
  • kusamaKusama (KSM) $ 31.06

Protecting Bitcoin Mining, Self Custody is Paramount — Messari CEO

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Protecting Bitcoin Mining, Self Custody is Paramount - Messari CEO

Ryan Selkis, the Chief Executive Officer (CEO) of blockchain market intelligence provider Messari declared in his 11-thread tweet that self custody amongst other factors, is crucial to protecting Bitcoin (BTC) mining. To put it in perspective, Selkis stated that,

“Bitcoin is 50% of the non-stablecoin market. Protecting bitcoin mining, self-custody, development, and surrounding infrastructure is paramount.”

2/ Bitcoin is 50% of the non-stablecoin market. Protecting bitcoin mining, self-custody, development, and surrounding infrastructure is paramount.

The «outside money» thesis says you should own a little bitcoin bc the US has been too reckless to trust. Own gold and digital gold.

— Ryan Selkis 🪳 (@twobitidiot) May 13, 2023

Crypto mining has suffered serious discrimination from many jurisdictions. Several countries have frowned against the practice citing the amount of electricity consumed in the process. Last year, the CEO and co-founder of Satoshi Action Fund Dennis Porter accused the Public Utility Commission of Idaho of discriminating against BTC mining. This accusation came as a result of the special electricity rate which was approved for crypto mining facilities.

Further confirming Porter’s claim, Idaho-based mining company GeoBitmine declared that the new rates were discriminatory.

The Public Utility Commission has hinged its decision to change the electricity rate for mining facilities on the fact that they are data centre businesses. Based on the new rate, such Bitcoin mining facilities will be subject to a 225 hours per year power cut instead of the all-year-round electricity.

Bolstering Bitcoin Mining Arguments

On the contrary, some crypto experts have argued that BTC mining could bring more good than harm if given the essential resources. Popular BTC advocate, Willy Woo clarified that BTC miners would need more energy if they intend to make a tangible impact, especially if it were to shift to renewable sources. Another BTC influencer known as Daniel Batten explained this further.

“For a renewable revolution to occur, the grid needs to generate 3x more power. This is documented in Saul Griffith’s book “Electrify Everything”. This requires 3x the power demand,” Batten tweeted. “More highly flexible consumers of energy who support the renewable buildout and play nice with other consumers = good”

To add to the already difficult situation in which BTC miners fund themselves, the Biden administration is trying to impose a 30% tax on the cost of electricity utilized for mining operations in the United States. In the meantime, the White House is still lobbying to make sure that it gets included in the next federal budget.

Source

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