Hello Titans! We hope you all had a wonderful weekend. We had a good rest and took Monday off to celebrate July 4th, so here are the last two weeks’ events regarding Titan and the crypto mining industry.
Come chat with us on Parallel
We were invited to talk with the industry’s most prominent professionals, and we want you to come too!
Join Titan CEO Ryan Condron next Thursday, July 15th, for Parallel Live! — Digital Shovels — Exploring The State of U.S. Mining: A one-hour Parallel-Live! event exploring the ever-changing landscape of proof-of-work mining in the U.S.
We will be among thought-leaders, developers, and innovators minting and auditing the blockchains our industry is built upon. We’re very excited!
Say hello to our new developer!
The Titan family keeps growing, and we’re happy to welcome our newest tech team member, Jethro!
Jethro is a developer who values code correctness and performance and enjoys working on both innovative new projects and stable, mature ones.
Before joining Titan, he worked as a full-stack web developer in Canada for 2+ years. Before that, he’d dabbled in data science for about a year, and a several years stint in system administration when he made his initial foray into the professional IT world.
Outside of work, and when not tinkering on personal tech hobby projects, he likes to read non-fiction books, exercise, and play/watch chess. Don’t forget to challenge him on lichess.org at @jethrocao!
Come join the team!
Just like Jethro, you can join Titan too.
Don’t worry if there isn’t a fit for you. Titan is an ambitious project that will continue growing as we keep moving forward. An opportunity may come up at any moment!
Mining Ecosystem Review
Miners are slowly reconnecting to the network after leaving China, and hashrate seems to have bottomed out. Here are some more of these last few days relevant news:
Chinese Hydro-power plants for sale in China
Now that there are no Bitcoin miners to use their power, several advertisements selling hydroelectric power plants have surged on the west. Without energy purchasers to make up for the leaving miners, owners of these plants have decided to sell. It seems like it wasn’t all fossil-fuel power miners were using after all.
Bitcoin Scores A New Difficulty Adjustment Record
Last Friday, Bitcoin had its most significant difficulty adjustment of all time, roughly 28%. This means that mining Bitcoin is now more accessible and profitable, at least until the remaining hashrate from China reconnects back to the network. If you’re mining Bitcoin right now, you can expect your profits to go up for the next two weeks.
Bitcoin Mining Council releases its quarterly report
The organization led by Michael Saylor created to educate, inform and debunk FUD regarding Bitcoin mining’s energy consumption has disclosed its first findings, corresponding to Q2 2021. The report claims Bitcoin uses 56% renewable energy.
We’re stepping up our communications game and organizing some giveaways and more AMAs for all of you to participate.
Ensure to follow us on all our social media and join our Telegram channels to receive all our updates and don’t miss out.
See you all next week!
The Titan Team