The hash rate of Bitcoin increases, while energy consumption decreases

The hash rate of Bitcoin increases, while energy consumption decreases

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1 Cryptocurrencies to help Amazon and the victims of Hurricane Dorian

2 K-Pop giant SM Entertainment is planning its own cryptocurrency

3 Samsnung launches a new blockchain phone, KlaytnPhone

Bitcoin’s energy consumption (BTC) is becoming more and more efficient, as the hash rate of Bitcoin continues to reach record highs.

Data from the Statistician aggregator shows that, despite the fact that more computing power is dedicated to Bitcoin mining, less electricity is needed to power it.

According to the charts, the energy consumption for July 2019 was 69.79 terawatt / hour per year. In July 2018, when the hash rate was similar, consumption was 71.12 terawati.

Currently, the network hash rate is approaching 90 Eth / s, the highest historical value.

Cryptocurrencies to help Amazon and the victims of Hurricane Dorian

Cryptocurrencies make their place on the charity scene again.

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PO8, a Bahamas-based blockchain company, is calling on crypto and blockchain communities to help victims of Hurricane Dorian. The company appealed in a blog post, explaining that the hurricane devastated the islands earlier in the week. Satellite images show that the region suffered heavy flooding, with over 60% of Grand Bahama Island underwater.

Crypto donations can be made with Bitcoin or Ethereum (ETH). Cash donations can also be made on the GoFundMe PO8 page.

In Amazon, the Rain Forest Foundation, founded in 1987, announced a campaign to combat Brazilian forest fires with the help of the crypto community. The foundation has been accepting cryptocurrencies for many years and even developed its own token, BitSeed, in 2014.

Currently, the foundation accepts donations in cash, bitcoin, ethereum, litecoin and bitcoin cash. She is also working with bitcoin donation company The Giving Block on the project.

K-Pop giant SM Entertainment is planning its own cryptocurrency

SM Entertainment, one of Korea’s top three pop talent agencies, plans to build its own blockchain network with a native cryptocurrency. The company aims to develop a blockchain network that will allow fans to become more involved in the entertainment ecosystem, investing in artists’ work through cryptocurrencies.

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SM Entertainment is a force in the K-pop world, which is becoming one of the most important exports in Korea. The company was founded in 1995 by Lee Soo-man – sometimes called the President of Culture.

SM Entertainment is listed on the Korean Stock Exchange and has a market capitalization of approximately $ 600 million.

Samsnung launches a new blockchain phone, KlaytnPhone

The Samsung giant launches a new blockchain version of the Galaxy Note 10 smartphone, called “KlaytnPhone”. The new smartphone will have a crypto wallet and blockchain applications installed.

As reported by the Wall Street Journal, KlaytnPhone is named after the Kakao giant’s blockchain platform, which was launched in June this year. The smartphone will have the Klaytn logo when it is on or off. Klaytn blockchain applications are currently available for non-Samsung phones through the Android system. The Klaytn version of Galaxy Note 10 will support full-scale transactions on the Klaytn network.

KlaytnPhone was launched in South Korea, with a price tag of around $ 1,000. Buyers will also receive a gift of Klay native cryptocurrencies.

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