Argo and DMG launch Carbon-Neutral Terra Pool

Terra Pool, jointly developed by bitcoin miners Argo and DMG Blockchain Solutions, completed testing on Wednesday and is now open to the public.

Terra Pool claims to be the world’s first mining pool focused on carbon-neutral mining, with the ultimate goal of achieving 100% clean and renewable energy for all mining machines.

Terra Pool will also be audited by third-party auditing firms to increase the transparency of mining within the pool.

BTC miner accounts reduce

The main cryptocurrency market fell again on Wednesday, after a three-day rally lost steam. BTC briefly dipped below $20,000 in early Asian trading Thursday before reclaiming this key psychological support level. At the time of writing, the largest cryptocurrency by market cap has been down slightly over the past 24 hours and is now trading near the $20,300 support zone and the 100 hourly moving average. If BTC can clear resistance in the $2.05-$2.08 million area, there is a good chance that it will regain its upward momentum.

Likewise, ETH’s market cap has shrunk by 1.24% in a matter of hours, with the current price falling back below the $1,100 mark. A bearish trend line is forming with resistance near $1,120 on the hourly chart of ETH. If it can break through this level in one fell swoop, ETH may usher in the long-awaited upward momentum and is expected to rise steadily. In other respects, most of the major non-mainstream coins have turned from decline to increase, among which MATIC led the rise of non-mainstream coins with a 20% increase in the same period.

Coin Metrics’ survey of active miners continues to reveal miner behavior in the current market downturn. The survey shows that these active miners have invariably chosen to hoard BTC throughout 2022, but have also sold some Bitcoin under pressure to cope with the recent market turmoil and lower mining yields. At the same time, in the options market, the implied volatility trend of BTC continued to slow down, indicating that the market will soon get rid of the liquidity risk contagion crisis.