September and October 2024
Welcome to our regular blog from the world of cryptocurrencies.

1. Price range of the most popular cryptocurrencies for September and October 2024
Bitcoin: $59,113 - $70,195 (18.75%)
Ethereum: $2,538 - $2,515 (-0.89%)
Litecoin: $65.36 69.16(5.84%)
Dogecoin: $0.100 - $0.161 (62.79%)
Kaspa: $0.161 - $0.114 (-29.33%)
Kadena: $0.509 - $0.560 (10.01%)
Zcash: $28.73-$36.77 (24.42%)
Nervos: $0.0079 - $0.012 (51%)
2. New technologies in ASIC Miners:
The new Elphapex DG Home for Litecoin+Dogecoin cryptocurrency mining (Scrypt algorithm) with a performance of 2.1 Gh/s at a power consumption of 620 W. Ideal for home mining.
2. A little bit of the history and present of popular cryptocurrencies.
Dogecoin:
The history, present and evolution of the dogecoin currency
History of Dogecoin
Dogecoin (DOGE) is a cryptocurrency that originated as a joke but has gradually become one of the most important players in the crypto market. This currency was created by software engineer Billy Markus and marketing specialist Jackson Palmer. Their goal was to create a fun and friendly cryptocurrency that would be different from the serious Bitcoin. The inspiration for the name and logo came from an internet meme featuring a cute Shiba Inu dog.
Dogecoin was launched on December 6, 2013 and within a few weeks it gained a lot of attention. The community around Dogecoin grew rapidly and became known for its charity projects and support of various events. One of the first and most well-known projects was a fundraiser for the Jamaican bobsled team
The Present of Dogecoin
Although Dogecoin started as a joke, it quickly became a serious cryptocurrency with broad community support. Due to its low transaction cost and speed, Dogecoin has become a popular vehicle for microtransactions and tipping on the internet.
In 2021, Dogecoin experienced a huge surge in popularity and value, due in part to the support of celebrities such as Elon Musk. Musk's public statements on Twitter have often led to dramatic changes in the price of Dogecoin. For example, in May 2021, Dogecoin reached its all-time high of around $0.73, a huge increase from its initial value.
Dogecoin exchange rate development
The price of Dogecoin has undergone several significant changes in its existence. In the beginning, Dogecoin had a very low value, often less than one cent. However, due to community interest and celebrity support, it has seen significant growth.
2013-2017: During this period, Dogecoin was at very low values. The price mostly stayed below $0.01.
2018: Dogecoin saw its first major growth during the cryptocurrency rush at the turn of 2017 and 2018, when it reached over $0.01.
2021: The largest growth in Dogecoin's history. In January 2021, it stood at around $0.01 and briefly climbed to its all-time high of around $0.73 in May 2021. After this peak, there were several corrections.
2024: After the election of Donald Trump as US President, Dogecoin shot up by more than 200% to its current USD 0.41.
Interesting facts about Dogecoin
Charity:The Dogecoin community is known for its charity events. In addition to supporting the Jamaican bobsled team, it has also helped fund a clean water project in Kenya, for example, or helped build a school in Ghana, Africa.
Dogecoin and sports: In 2014, the Dogecoin community sponsored NASCAR racer Josh Wise, who drove a car with the Dogecoin logo.
Elon Musk and Dogecoin : Elon Musk, CEO of Tesla and SpaceX, often jokes about Dogecoin on his social network X, which has had a significant impact on the price of the cryptocurrency. For example, he has called Dogecoin "the people's cryptocurrency".
The future of Dogecoin
The future of Dogecoin is difficult to predict due to its volatile nature. However, with the increasing adoption of cryptocurrencies and the continued support of communities and prominent figures, Dogecoin may continue to play an important role in the market. It will be interesting to see how Dogecoin continues to evolve and what new uses and projects emerge.
In case you are an ASIC miner owner, you can get involved in Dogecoin mining, which can be an interesting way to support this unique cryptocurrency while potentially profiting from its mining.
Dogecoin has shown that even a cryptocurrency that started as a joke can achieve significant status and influence the world of finance. Regardless of how its future unfolds, Dogecoin will remain an interesting and unique part of the cryptocurrency ecosystem.
3. News and attractions:
Deutsche Telekom ventures into bitcoin mining with renewable energy
Deutsche Telekom, Europe's largest telecommunications provider, has announced a new bitcoin mining project using surplus renewable energy that would otherwise go unused. The mining project, called "Digital Monetary Photosynthesis," is being developed by Deutsche Telekom's MMS subsidiary in collaboration with Bankhaus Metzler. The bitcoin mining facilities will be launched in Backnang, Germany, on the premises of metal and glass facade manufacturer Riva, with the facilities to be managed by Metis Solutions, Deutsche Telekom announced.
Bitcoin mining helps regulate Germany's energy grid
Deutsche Telekom's pilot project has spawned a growing number of renewable energy sources. The country's growing supply of energy from less predictable sources such as wind turbines requires more infrastructure to regulate the grid, according to Oliver Nyderle, head of digital trust and Web3 infrastructure at Deutsche Telekom MMS. Mining bitcoins could be used to regulate power fluctuations in the country's electricity grid, Nyderle wrote in the announcement:
"Together with Bankhaus Metzler and RIVA Engineering GmbH, we are taking a step in this direction to test the regulatory effect of bitcoin miners in the power grid. Surplus energy is converted into digital values via miners. We call this "digital monetary photosynthesis."
In addition to bitcoin mining equipment, Metzler will explore other "digital asset financial services" options, without disclosing further details at this time.
The use cases for bitcoin mining go far beyond its economic benefit to miners
In Finland, bitcoin mining heats an entire city of more than 11,000 residents with recycled heat from mining rigs. The city is heated by a two-megawatt pilot project located in the Satakunte region, launched in June 2024 by Marathon Digital Holdings - the world's largest bitcoin mining company. Marathon's facility uses a method called "district heating" to centrally heat water and distribute it through an underground network of pipes to heat homes. This could be a promising method of heating homes, as bitcoin mining facilities produce significant excess heat.
Texas town residents sue Marathon Digital over noise from crypto mines
More than two dozen residents of Granbury, Texas, have filed a lawsuit against cryptocurrency miner Marathon Digital, claiming that its mining site near the town is "unbearably noisy." The mining facility is a "nuisance" and causes "extreme discomfort and annoyance" to nearby residents, the group claimed in the Oct. 4 lawsuit filed in Hood County court.
The lawsuit claimed that due to the constant, unrelenting noise and vibrations from the Marathon site, some residents suffered sensory, emotional, psychological and health impacts. It also added that some local residents have experienced fatigue, headaches, memory problems, hearing loss, migraines and regular tinnitus. The group also claimed that some residents experienced a worsening of pre-existing health conditions such as high blood pressure.
"Even in their homes, [residents] can hear the noise of MARA cryptomining and feel its vibrations,"the lawsuit claimed. It said Marathon's mining substantially interferes with the plaintiffs' privacy and use of their property. The group also claimed that the mining operation's energy consumption has resulted in an increase in their electricity bills and even a decrease in the value of their property. Rodrigo Cantú, an attorney with Earthjustice, a nonprofit environmental law firm representing the residents, said in a statement on Oct. 7 that his clients want Marathon to take immediate steps to effectively mitigate their noise pollution or stop operations altogether. Marathon Digital has not yet responded to a request for comment. The residents are asking the court to issue a permanent injunction against Marathon operating the facility, thereby preventing the creation of unreasonable noise. They are also asking for any compensation that "may be justly warranted" and court costs.
Marathon's Granbury bitcoin mine was built in April 2022. The original owner was Compute North Holdings. It is located next to a gas-fired power plant called Wolf Hollow This mine has changed hands several times, with Marathon taking over the lease in January this year. Rival miner Hut 8 Corp operated the site until April 30. Some residents said they began noticing noise from the mine around the spring of 2023.
Marathon's July earnings report said it had 250,000 bitcoin mining devices. It's unclear how many are in Granbury, but the mine has a hashrate of 4.3 ExaHash per second (EH/s).
In a similar case from 2022, residents of the Norwegian village of Hadsel pushed for the closure of a local bitcoin mine due to noise. In this case, they were successful. Because of this, however, residents are now facing an increase in their electricity bills due to the loss of revenue from the local power company.
4. Network hashrate:
Bitcoin 648.53 Eh/s → 767.25 Eh/s
Kaspa 956.97 Ph/s → 1.29 Eh/s
Ethereum Classic 173.5 Th/s → 175.4 Th/s
Scrypt (NiceHash) 132,1 Th/s → 135,6, Th/s
Kadena 0.99 Eh/s → 0.943 Eh/s
Nervos CKB 374,3 Ph/s → 420,3 Ph/s
5. Recommended miners
- Antminer L9
- Currently the most profitable miner on the market.
- Antminer L7
- Even on the older version of these machines you can make quite an interesting profit.
- Elphapex DG Home
- For mining Litecoin+Dogecoin cryptocurrencies (Scrypt algorithm) with a performance of 2.1 Gh/s at a power consumption of 620 W.
- Ideal for home mining.