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 Best Bitcoin Mining Software Of 2023

The amount of overhead required for Bitcoin mining will most likely cut into any profits one tries to earn by investing their time and energy in the process.

“The probability that an individual’s mining rig can solve the algorithm that results in a successful block is infinitesimal. It’s almost like winning the lottery. Instead a lot of people join mining pools. Mining pools can be profitable,” says Wade Guenther, partner at Wilshire Phoenix.

However, if you were to complete the puzzle solely on your own, at today’s prices, you would earn approximately $187,500 worth of Bitcoin. The reality of an individual solving these puzzles, though, in today’s highly competitive mining environment is unlikely.

The puzzles will more likely be solved by a mining pool, and the profits will be split among all the miners in the pool. If an individual miner can keep their equipment and electricity costs low enough, then joining a mining pool could still be profitable for them.

“Mining is very interesting but a very risky activity,” says Didar Bekbauov, founder and CEO of Bitcoin group mining company Xive. “If someone wants to do that, they have to understand that I would not advise to invest all of their money in this activity,” Bekbauov says.

TRON Appears At Center Of Militant Financing In Israel-Hamas War

Israeli security agencies note that the Tron network has become the preferred platform for crypto transfers by militant groups linked to Palestine, Hamas, etc.

In Israel’s ongoing battle against the financing of Iran-backed militant groups such as Hamas and Hezbollah, a previously less scrutinized crypto network Tron has emerged as a significant player.

Surpassing Bitcoin in terms of transaction speed and cost-effectiveness, the Tron network has become the preferred platform for crypto transfers associated with organizations designated as terror groups by Israel, the United States, and other nations.

Interviews with financial crime experts and blockchain investigations specialists, coupled with an analysis of Israeli security services’ crypto seizures since 2021, highlight a noticeable shift toward targeting Tron wallets. On the other hand, Bitcoin wallet seizures have declined.

Mriganka Pattnaik, CEO of the New York-based blockchain analysis firm Merkle Science, notes that this trend is influenced by Tron’s faster transaction times, lower fees, and overall stability.

Merkle Science reports that it serves as a provider for law enforcement agencies in the United States, Britain, and Singapore. During the period from July 2021 to October 2023, Israel’s National Bureau for Counter-Terror Financing (NBCTF), the entity responsible for asset seizures, identified and froze 143 Tron wallets. These wallets were most likely associated with a “designated terrorist organization” or utilized in connection with a “severe terror crime”, according to the analysis conducted by Reuters.

The attacks on October 7 by Hamas resulted in the death of approximately 1,200 people in Israel. Subsequently, Israel’s bombardment and ground invasion of Gaza led to the death of around 14,000 people. In response, Israel has intensified its scrutiny of Hamas’ financing.

Hayward Wong, a spokesperson for Tron, a British Virgin Islands-registered entity, emphasized these of all technologies, including Tron, for questionable activities, drawing a parallel with the use of US dollars for money laundering. Wong asserted that Tron does not control the actions of those using its technology. Besides, he also distanced any kind of association with the groups identified by Israel.

Of Israel’s Tron seizures, 87 occurred this year, including 39 wallets linked to Lebanon’s Hezbollah and 26 wallets associated with Palestinian Islamic Jihad. The seizures also encompassed 56 Tron wallets connected to Hamas, with 46 linked to a Gaza-based money exchange company named Dubai Co. For Exchange in March last year.

Following the Hamas assault, Israel made its most significant known seizure of crypto accounts. They froze approximately 600 accounts associated with Dubai Co., without specifying the crypto networks or coins used.

Individuals affected by the seizure, using Tron, denied any ties to Hamas or Islamic Jihad, stating that they engaged in crypto trading for business or personal finances. One individual mentioned the possibility of a one-time money transfer to someone associated with Hamas.

The armed wing of Hamas, which had previously raised crypto funds, announced in April that it would cease Bitcoin fundraising, without mentioning Tron in the statement.

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(NEWS) Exploring Alternatives To TRON: ChatGPT Highlights NUGX And NEAR As Potential Investment Avenues

Neon glowing TRON (TRX) coin in Ultra Violet colors with cryptocurrency blockchain nodes in blurry background. 3D rendering

TRON (TRX) has faced persistent downward pressure but stabilized since early 2023. After trading within a range until October, it surged past $0.10 in November, generating investor excitement.

NuggetRush (NUGX) is more than a typical meme coin, offering a revolutionary crypto experience. It combines cryptocurrency, gold mining, and real-world artisanal mining in a play-to-earn (P2E) game powered by Ethereum.

NEAR Protocol (NEAR) has shown impressive performance in recent weeks, with a significant surge at the end of October and the beginning of November. This uptick is attributed to a bullish sentiment in the overall crypto sector.

Savvy investors constantly seek promising alternatives to TRON (TRX) as the crypto landscape evolves. This comprehensive analysis delves into two intriguing contenders, NuggetRush (NUGX) and NEAR Protocol (NEAR), each presenting unique features. ChatGPT highlights NuggetRush and NEAR Protocol as potential investment channels away from the established tokens.

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TRON (TRX) Navigates Downward Trends to Secure Stability, Surges Past $0.10 Amidst Collaborations

TRON (TRX) has encountered lots of downward pressure over the years. Nevertheless, since the beginning of 2023, TRX has settled into a stable range. TRON was trading range-bound in 2023 until October. 

However, in November, it crossed the $0.10 level, and investors seem excited by its potential to rise.

Notably, TRON (TRX) is quickly emerging as a crypto worth investing in before the forthcoming Bitcoin halving event, and recent developments strengthen the perception. TRON DAO has had interesting breakthroughs recently. 

On November 1, 2023, TRON (TRX) announced their collaboration with Tangem, a leader in developing cutting-edge cryptocurrency hardware wallets.

On November 21, TRON (TRX) was trading at $0.11. Crypto analysts using ChatGPT have forecasted that TRON (TRX) will keep rising to $0.19 by the end of 2024 if the current bullish sentiment persists. 

The projected surge makes TRON (TRX) one of the best cryptos to buy for investors. But, it is unlikely for TRON (TRX) to cross $1.00 anytime soon.

NuggetRush (NUGX) is a Crypto with Real-World Rewards, GameFi Innovation, and Strategic Mining Ventures

NuggetRush (NUGX) is not a simple meme coin, it is a game-changer in crypto, renowned as the best meme coin to watch in the crypto sector because of its ecosystem rewards mechanism.

Interestingly, NuggetRush (NUGX) integrates cryptocurrency, gold mining, and real-world artisanal mining, and the play-to-earn (P2E) game is powered by the Ethereum blockchain, guaranteeing massive accessibility.

NuggetRush’s (NUGX) distinct blend of strategic thinking, real-world rewards, discovery, and charismatic characters doubling as meme collectibles have captivated early investors and supporters globally as the best new crypto to invest in now.

The core of NuggetRush (NUGX) consists of overseeing your mining venture, starting with a small piece of land and essential equipment. NuggetRush (NUGX) Players manage their mining operation, starting from scratch and navigating a virtual landscape rich in mineral potential.

NuggetRush’s (NUGX) concept spreads beyond the virtual world, striving to become a self-sufficient and revenue-generating community with partnerships with gold providers, enabling them to ship RUSHGEM winnings directly to miners.

The unique aspect introduces a solid quality to NuggetRush (NUGX) as a top game-fi coin to buy. It guarantees that the rewards have definite value and always remain memorable.

Currently, NuggetRush (NUGX) is in round 2 of its presale, valued at $0.012, having sold over 48.8 million tokens. The project has already raised over $500K, proving its popularity among investors. Experts say that after NuggetRush (NUGX) launches on the mainstream markets at $0.02, its value will increase by 40X.

>>Buy NuggetRush Now<<

NEAR Protocol (NEAR) Surges on Bullish Momentum after Binance Japan Listing and Positive Market Sentiment

NEAR Protocol (NEAR) has been among the best-performing tokens in the crypto space. Interestingly, NEAR Protocol’s (NEAR) recent surge at the end of October 2023 and the beginning of November could be attributed to the general bullish sentiment dominating the whole crypto sector.

This optimism was triggered by expectations that a spot Bitcoin (BTC) ETF might be approved in the United States and the imminent Bitcoin (BTC) halving event.

Furthermore, NEAR Protocol (NEAR) got support from Binance Japan. The Japanese subsidiary of Binance promised to add 13 tokens on its platform on November 27, 2023, including NEAR Protocol (NEAR).

Once the move is completed, Binance Japan will support 47 cryptos. The platform aims to boost the figure to 100 in the future. Analysts commenting on NEAR Protocol’s (NEAR) price expect it to continue with its bullish momentum. 

On November 21, 2023, NEAR Protocol (NEAR) was trading up at $1.94. Analysts expect NEAR Protocol (NEAR) to keep rising to $2.22 by the end of 2023, supported by its listing on Binance Japan.

Based on ChatGPT projection, NEAR Protocol (NEAR) will reach $2.45 in January, powered by all the positive developments on its network.

Visit NuggetRush Presale Website  

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Focus: New Crypto Front Emerges In Israel's Militant Financing Fight

LONDON, Nov 27 (Reuters) - A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.

Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.

A Reuters' analysis of crypto seizures announced by Israeli security services since 2021 reflects the trend, showing for the first time a sharp rise in the targeting of Tron wallets and a fall in Bitcoin wallet seizures.

"Earlier it was Bitcoin and now our data shows that these terrorist organizations tend to increasingly favor Tron," said Mriganka Pattnaik, CEO of New York-based blockchain analysis firm Merkle Science, citing Tron's faster transaction times, low fees, and stability.

Merkle Science says it counts law enforcement agencies in the United States, Britain and Singapore as clients.

Israel's National Bureau for Counter Terror Financing (NBCTF), which is responsible for such seizures, froze 143 Tron wallets between July 2021 and October 2023 that it believed were connected to a "designated terrorist organization" or used for a "severe terror crime," the Reuters analysis found.

The Oct. 7 attacks by Hamas on Israel killed around 1,200 people. Israel's subsequent bombardment and ground invasion of Gaza has killed some 14,000 people. In its response, Israel has also stepped up scrutiny of Hamas' financing.

Contacted by Reuters with a summary of this article, Hayward Wong, a spokesperson for British Virgin Islands-registered Tron said all technologies could "in theory be used for questionable activities," citing as an example U.S. Dollars being used for money laundering.

Wong said Tron did not have control over those using its technology and that it was not linked to the groups identified by Israel.

Almost two-thirds of Israel's Tron seizures – 87 - were this year, including 39 wallets that Israel said in June were owned by Lebanon's Hezbollah, and 26 it said in July belonged to Palestinian Islamic Jihad, a Hamas ally that joined the assault on Israel from Gaza.

The seizures have also included 56 Tron wallets NBCTF said were linked to Hamas, including 46 in March last year it connected to a single Gaza-based money exchange company called Dubai Co. For Exchange.

Weeks after the Hamas assault, Israel announced its biggest known seizure of crypto accounts yet, freezing around 600 accounts it connected to Dubai Co., without stating which crypto networks or coins were used.

More than a dozen people whose funds were frozen in that seizure told Reuters they had been using Tron. They said they traded crypto to help their business or personal finances and denied any connection with Hamas or Islamic Jihad.

One of the people, who identified themselves only as Neo, said it was possible they had transferred money on one occasion to somebody associated with Hamas.

Israel calls Dubai Co. A terrorist group "due to the aid that they provide to the Hamas terrorist organization, particularly its military arm, in transferring funds on a scale of tens of millions of dollars a year."

A representative for Dubai Co., whose email was listed on the seizure order, did not respond to a request for comment.

The armed wing of Hamas, which had raised crypto funds since at least 2019, said in April it would cease Bitcoin fundraising, citing increased efforts to prevent donations. Hamas did not mention Tron in the statement.

Reuters could not independently determine whether Hamas had used Tron. NBCTF declined to comment for this story, including about its understanding of the shift to Tron and how it linked the wallets to the militant groups. Hamas, Hezbollah and Islamic Jihad did not respond to requests for comment.

Six people listed on Israel's previous Tron seizure notices who responded to Reuters questions denied connections to militant groups. They included people based in Venezuela, Dubai and the West Bank city of Jenin.

'AXIS OF RESISTANCE'

Representations of cryptocurrencies are seen in front of displayed Tron logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights

In the June statement, Israel said it seized funds "intended for use by the terrorist organizations financed by Iran." Iran counts Hamas, Hezbollah and Islamic Jihad in a so-called Axis of Resistance opposing Israeli and American power in the Middle East.

In the seizure statements, NBCTF did not affirm Tehran was the source of the funding. Iran's foreign ministry did not respond to a Reuters request for comment about using Tron to fund groups it supports.

Iran has previously used Tron to skirt U.S. Sanctions. Reuters reported last year that Iranian firms used it for $8 billion in transactions between 2018 and 2022.

Estimates of the sums of money that reach proscribed groups through crypto are unreliable because it is hard to say whether money sent to seized wallets was really destined for those groups.

The value of crypto transactions and the digital wallet addresses used for them can be traced on the blockchain - a public ledger that underpins crypto. However, it is hard for those outside law enforcement or crypto trading platforms to know the real identity of those involved in the transactions.

The people Reuters consulted additionally said their research showed the cryptocurrency Tether was dominant across the Tron network.

Tether, the world's biggest so-called stablecoin, is backed by reserves and aims to keep a 1:1 peg with the dollar. The company said in a statement that it regularly traced and froze tokens "used for nefarious purposes," and coordinated these efforts with law enforcement.

Tether is the third-largest crypto token, with a market value of $89 billion, up by around a third in the past year, according to CoinGecko data.

Despite its lack of name recognition outside crypto circles, Tron is the dominant blockchain for Tether transactions, currently hosting $48 billion of the tokens, according to Tether's website. Average daily transactions on Tron hit 9.1 million from April-June, according to data firm Messari, up over 70% from the same period last year.

Justin Sun, who founded Tron in 2017, was sued by the U.S. Securities and Exchange Commission in March for allegedly artificially inflating trading volumes and selling Tron tokens as an unregistered security. Sun said the SEC charges "lack merit."

When Reuters reached out to Sun for comment, a person named Binbin Deng responded, referring Reuters to Tron spokesperson Wong’s statement.

'BLINDSPOT'

Since its 2008 birth, the Bitcoin blockchain, and since then crypto more widely, have been magnets for criminals drawn by liquidity and a reputation for anonymity. Of all crypto transaction volumes, the illicit share was 0.2% in 2022, down from 2% three years earlier, according to blockchain tracker Chainalysis.

In Israel, Bitcoin seizures have been scarce by comparison with Tron. In 2021, the first year NBCTF published seizure notices, it froze 30 Bitcoin wallets. No Bitcoin wallets appear in notices in the subsequent years.

The Financial Action Task Force, a Paris-based G7 body that fights illicit finance, warned last month that terrorist organisations were seeking to further boost donor anonymity, citing the growing popularity of Tether transfers on Tron.

Four of the people consulted by Reuters said law enforcement's increased capability to trace transactions on Bitcoin was driving such groups to Tron.

Tron initially drew less attention from blockchain analysis firms, said Shlomit Wagman, a senior fellow at Harvard University who was director-general of the Israel Money Laundering and Terrorism Financing Prohibition Authority from 2016 to 2022.

"There was until now this blindspot," she said.

Transaction fees on Tron cost far less than on Bitcoin, U.S. Investment firm VanEck says. Militant groups were also using stablecoins on Tron instead of more volatile bitcoin tokens to ensure the "value of their crypto is being preserved," Wagman said.

(Note: This story was updated to add detail in paragraph 30)

Reporting by Tom Wilson and Elizabeth Howcroft in London, additional reporting by Nidal al-Mughrabi in Gaza and Maya Gebeily in Beirut ; Editing by Frank Jack Daniel

Our Standards: The Thomson Reuters Trust Principles.

Tom covers crypto companies, regulation and markets from London, focusing through 2022 on the Binance crypto exchange. He has worked at Reuters since 2014, with a previous posting to Tokyo where he uncovered abuses in Japan’s immigration system and won a joint Overseas Press Club award for reporting on the tobacco giant Philip Morris.

Reports on the intersection of finance and technology, including cryptocurrencies, NFTs, virtual worlds and the money driving "Web3".