Aurelia Butler

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  • 113 Shares149 Views

    in Cryptocurrency

    FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024

    The industry-leading brand of DOGE and Litecoin mining machines announced a new product line at the recent Mining Disrupt 2024 conference.FoundationLogic, the fabless semiconductor design company behind high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disrupt 2024 in Miami, Florida, held from 24-26 June. At the event, FoundationLogic unveiled its new product line for silent home miners.Like the pro ElphaPex DG 1/DG 1+ models, the new device, dubbed ElphaPex DG Home 1, is powered by the Proof-of-Work (PoW) Scrypt algorithm, offering dual DOGE and LTC rewards. Designed for a new era of home mining, ElphaPex DG Home 1 promises silent, low-maintenance, yet performant DOGE + LTC mining ensured by water-cooling technology. Set to be released in Q4, 2024, the new model boasts a hashrate of 2000M, power of 620W and power efficiency of 0.31JM. Upon launch, ElphaPex DG Home 1 will be available for immediate purchase through the ElphaPex official website. ElphaPex DG Home 1 drew an immediate reaction from crypto mining insiders, with some of the industry’s major influencers sharing photos on social media as soon as the model was showcased. Specifically, they described the new water-cooled miner as “silent, powerful, and efficient”. As the main sponsor of Mining Disrupt 2024, the Scrypt mining hardware company hosted the official opening party and operated one of the event’s busiest booths, featuring engaging activities and giveaways.Another standout at the conference was FoundationLogic’s keynote presentation.During the keynote, the company’s representatives emphasized their commitment to advancing Scrypt mining, highlighting its growing potential for miners. This is particularly significant in light of bitcoin’s recent halving, which has posed challenges across the industry due to reduced rewards. They also pointed out several key advantages of Scrypt hardware over SHA-256 hardware, including better cash flow, ROI, and equipment lifecycle.Another highlight of the presentation was the success of the ElphaPex DG 1+, an ASIC miner launched earlier this year at Blockchain Life 2024 in Dubai. As FoundationLogic’s flagship model, it has set a new standard in the market and continues to dominate the Scrypt mining sector with a hashrate of 14000M, power of 3920W and efficiency of 0.28JM.Considering recent price trends and the increasing availability of reliable Scrypt mining hardware provided by FoundationLogic, leveraging DOGE’s meme advantage alongside LTC’s solid track record may offer a strategy for mining operations this year.About FoundationLogicFoundationLogic is a Singapore-based fabless semiconductor design company dedicated to revolutionizing the cryptocurrency mining industry. With a focus on innovation and reliability, FoundationLogic utilizes state-of-the-art ASIC chips designed in-house and subjects its products to rigorous field testing. Through its flagship ElphaPex series, FoundationLogic empowers mining enthusiasts and professionals with cutting-edge, accessible machines, setting new standards for efficiency and performance in the field. For more information, users can visit elphapex.comX: https://x.com/ElphaPexLinkedIn: https://www.linkedin.com/company/100958166ContactVP of ProductBen [email protected] article was originally published on Chainwire More

  • 175 Shares159 Views

    in Economy

    How a “GOP sweep” could impact the U.S. budget deficit, according to Piper Sandler

    In a note to clients this week, the analysts predicted that this scenario — dubbed a “GOP sweep” — would particularly see the extension of sweeping 2017 tax cuts. Some provisions of the reforms are set to expire next year.However, they do not expect Republicans to expand on the law despite Trump recently floating the ideas of slashing the corporate rate to 15% to 20%, exempting tips from income tax, or replacing parts of the income tax with tariffs. Meanwhile, the analysts assumed that ongoing renewable energy subsidies are likely to be the only new “offset” to the tax cuts.They also said that Trump’s proposed 60% import tariff on China would have the “most immediate impact” on the deficit. Crucially, the analysts noted that, because Trump already carried out an investigation into Beijing’s trade practices and implemented tariffs during his previous tenure in the White House, he may be “quicker this time” to launch new restrictions.”[W]e assume it will take roughly eight months for the tariffs to take effect, so they would start in the third quarter of 2025,” the Piper Sandler analysts said.They flagged the decision is “unlikely to produce much in the way of revenue” for U.S. government coffers, adding that a tariff rate as high as 60% is instead intended to “discourage trade” rather than bring in funds.The tax cut extension and China tariffs, as well as an anticipated boost in discretionary spending, are tipped to increase the deficit by about 1.5% of gross domestic product when compared to current budgetary laws, the analysts projected. More

  • 163 Shares169 Views

    in Economy

    Ethiopia to get $10.5 billion if IMF, World Bank talks succeed, PM says

    ADDIS ABABA (Reuters) – Ethiopia will receive $10.5 billion in support over the coming years if long-running negotiations with the International Monetary Fund and World Bank are successful, Prime Minister Abiy Ahmed said on Thursday.In December, East Africa’s most populous country, struggling with high inflation and chronic foreign currency shortages, became the third on the continent in as many years to default on its debt.Sources familiar with the matter previously told Reuters that Ethiopia was seeking to borrow around $3.5 billion under a reform programme with the IMF, while a Western diplomat said it was also trying to secure $3.5 billion in budget support from the World Bank and find another $3.5 billion in savings through debt restructuring.Analysts say Ethiopia may need to agree to devalue its birr currency, which trades about 50% weaker than the official exchange rate on the black market, to secure IMF support.”We have been having a wide range of talks, negotiations and discussions with the IMF and World Bank. Because we were a bit tough with them and they were also tough with us, the (talks) took five years,” Abiy told lawmakers.”Now with the support of some friendly countries, it seems like many of our ideas have been accepted. If this succeeds and we are able to agree on the reforms, Ethiopia will get $10.5 billion in the coming years,” he said.Abiy added that there were some reforms the government was unwilling to undertake right away, without elaborating.”There are some areas we think should be reformed now, and there are things we think should stay as it is. If all these suggestions get accepted and we agree, there is an opportunity ahead of us. This reform agenda will play a huge impact in alleviating the debt burden,” the prime minister said. More

  • 125 Shares99 Views

    in Economy

    Toronto area home sales rise in June, halt four-month slide

    Seasonally adjusted sales rose by 4.2% in June from May, according to Toronto Regional Real Estate Board (TRREB) data. Average home prices increased by 1.8% to C$1.13 million ($830,000), the highest since December, while new listings were up 9.3%.The Bank of Canada cut rates by 0.25% to 4.75% in early June, saying monetary policy no longer needed to be as restrictive. Money markets see a 45% chance of another cut this month and are leaning toward a policy rate of 4.25% by year-end. TRREB did not explain the June sales increase, though it has previously said monthly figures can be volatile when the market is approaching a transition point.On a year-over-year basis, home sales fell 16.4% in June, while the average selling price was 1.6% lower. New listings jumped 12.3% annually.”The (Toronto area) housing market is currently well-supplied. Recent home buyers have benefited from substantial choice and therefore negotiating power on price,” TRREB chief market analyst Jason Mercer (NASDAQ:MERC) said in a statement.”Moving forward, as sales pick up alongside lower borrowing costs, elevated inventory levels will help mitigate against a quick runup in selling prices.”($1 = 1.3635 Canadian dollars) More

  • 125 Shares179 Views

    in Economy

    Japanese stocks gain biggest weekly foreign inflow in 2-1/2 months

    According to exchange data, cross-border investors snapped up Japanese stocks worth a net 604.93 billion yen in the week ending June 28, marking their largest weekly net purchase since April 12.Investors acquired 480.96 billion yen in derivative contracts and 123.97 billion yen in cash equities, a stark contrast to the previous week’s net selling of 603.7 billion yen and 21.37 billion yen, respectively.Technology-related shares attracted strong demand, with semiconductor testing equipment maker Advantest soaring about 11%, and AI-focused startup investor SoftBank (TYO:9984) Group climbing around 5% during the week.The Topix stock index posted its biggest weekly gain since March 12, rising 3.12% last week, while the Nikkei share average increased about 2.56%.Both indexes closed at record highs on Thursday, supported by optimism over robust corporate performance in the latter half of the year. However, overseas investors pulled approximately 130.9 billion yen from long-term Japanese bonds, extending net selling to a third consecutive week, data from the Ministry of Finance showed.They also shed short-term debt securities of a net 1.15 trillion yen, their third straight weekly net disposal.Japanese investors, meanwhile, pulled out of foreign bonds for a second successive week. They sold 254.4 billion yen worth of long-term and 67.3 billion yen worth of short-term overseas bonds last week.In the equities market, Japanese investors offloaded 488.8 billion yen worth of foreign securities, after making a net purchase worth 119.3 billion yen in the previous week. More

  • 113 Shares189 Views

    in Economy

    Uneven UK economic recovery poses test for election winner

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 125 Shares149 Views

    in Economy

    Luxury price rises leave rich asking: is it worth it?

    Standard DigitalWeekend Print + Standard Digitalwasnow $85 per monthBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    FirstFT: Democratic governors back Biden

    Standard DigitalWeekend Print + Standard Digitalwasnow $85 per monthBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More