Bitcoin mining service provider Blockware submitted a governance proposal to Aave, suggesting increasing protocol revenue through mining
On January 17th, Bitcoin mining service provider Blockware Solutions submitted a governance proposal to Aave, suggesting adding new sources of revenue to the protocol through Bitcoin mining business. The proposal is currently in the preliminary discussion stage, and plans to use Aave funds to purchase the latest S21XP mining machine, which is expected to achieve a net annualized return rate of 33.03%.
According to the proposal details, Blockware Solutions will provide Aave with hosted mining services. The proposal states: "Now is the ideal time to enter the Bitcoin mining industry, as the price of the S19J Pro mining machine has fallen to the range of $3,000-$4,000, which has significant advantages compared to the high point of over $15,000 in the last bull market."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.
Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”
A crypto analyst has spoken about the next target for Bitcoin’s price after its recent rally. Here are the details.
Trending news
MoreCrypto prices
More
