Daily Crypto NewsEDITION #210, 07 May 2021

No Chinese

Hey #Moni Maker 🔏

Today, at 399 BC. died Socrates. One of the most paradoxical statements of the philosopher is considered "The only good is knowledge, the only evil is ignorance". His phrase can be perfectly applied in our field too: The only good is crypto, the only evil is the banking system.

The latest news confirms this. What's interesting in the digest? Let’s go!

Although the majority of Bitcoin (BTC) mining is still based in China, there are signs it is beginning to shift elsewhere.

Wang reposted data published April 22 by Digital Currency Group’s Barry Silbert, which revealed that United States-based Bitcoin mining pool Foundry had climbed to rank among the top five pools globally during April, commanding a 7.6% share of the hash rate.

“Bitcoin hashrate is quickly shifting from China to North America,” Silbert claimed. The leading pool remains AntPool, which is operated by Chinese mining hardware manufacturer Bitmain, with an 18.6% share of the total hash rate.

So what?

Well ... we recently wrote that China will tighten its laws for mining. As you can see, the reaction was swift. Miners of all countries, unite! Gem City is waiting for you :)

A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year.

The survey, published on May 4 and titled ‘Consumer Appetite for Digital Payments Takes Off’, polled more than 15,500 people across 18 countries.

It revealed that millennials are especially engaged in cryptocurrencies, with over two-thirds, or 67%, agreeing they are more open to using cryptocurrency than they were a year ago. Additionally, it reported that 77% of millennials are interested in learning more about cryptocurrency, while 75% agree they would use digital assets if they understood them better.

Millennials are classified by the U.S. Census Bureau as people born between 1982 and 2000 which means that their age range in 2021 is between 21 and 39 years old.

So what?

The sample of such surveys is, of course, small. In scientific communities, it often happens that an increase in the number of respondents, although twice, completely changes the picture. The location of the survey participants, of course, also plays a role.

But personally, we willingly believe in such things. Although you should not delude yourself: for the majority cryptocurrencies are tightly connected with the ability to quickly raise the dough. And if they cannot raise $1000 in 5 seconds, the interest in crypto will fade away in the same 5 seconds.

And you...buy Bitcoin! 😉