Hashpower for CryptoNight Users

<article class="amp-wp-article" style="color: rgb(53, 53, 53); margin: 1.5em auto; max-width: 840px; overflow-wrap: break-word;"><div class="amp-wp-article-content" style="margin: 0px 16px;"><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">The Crypto market had a sour month of May and it remains to be seen if the flagship crypto asset, Bitcoin, can recover any serious gains for the remainder of its worst trading month.</p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">Bitcoin lost near 10% of its value on Friday and at the time of drafting this report had lost about 36% in value for the month of May, its worst monthly performance since September 2011.</p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">Recall that on the 19th of May, the digital asset suffered one of the most significant liquidity crises following a multi-month-long consolidation above $50k. Bitcoin’s worst sell-offs on May 19 posted the largest daily candle in Bitcoin history with an intra-day price range of about $11,500.</p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;"><a href="https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?ssl=1" style="color: rgb(40, 59, 145);"><amp-img class="alignnone size-large wp-image-318133 amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined i-amphtml-element i-amphtml-built i-amphtml-layout" src="https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=900%2C503&amp;ssl=1" alt="" width="900" height="503" srcset="https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=900%2C503&amp;ssl=1 900w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=700%2C391&amp;ssl=1 700w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=768%2C429&amp;ssl=1 768w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=750%2C419&amp;ssl=1 750w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?w=1000&amp;ssl=1 1000w" sizes="(max-width: 900px) 100vw, 900px" layout="intrinsic" disable-inline-width="" i-amphtml-layout="intrinsic" i-amphtml-auto-lightbox-visited="" style="display: inline-block; position: relative; max-width: 100%; overflow: hidden !important; object-fit: contain; margin: 0px auto;"><i-amphtml-sizer class="i-amphtml-sizer" slot="i-amphtml-svc" style="display: block !important; max-width: 100%;"><img alt="" aria-hidden="true" class="i-amphtml-intrinsic-sizer" role="presentation" src="data:image/svg+xml;base64,PHN2ZyBoZWlnaHQ9IjUwMyIgd2lkdGg9IjkwMCIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIiB2ZXJzaW9uPSIxLjEiLz4=" style="image-rendering: inherit; object-fit: inherit; object-position: inherit; display: block !important;"></i-amphtml-sizer><img decoding="async" alt="" sizes="(max-width: 900px) 100vw, 900px" srcset="https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=900%2C503&amp;ssl=1 900w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=700%2C391&amp;ssl=1 700w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=768%2C429&amp;ssl=1 768w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=750%2C419&amp;ssl=1 750w, https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?w=1000&amp;ssl=1 1000w" src="https://i1.wp.com/nairametrics.com/wp-content/uploads/2021/05/Bitcoin-drop.png?resize=900%2C503&amp;ssl=1" class="i-amphtml-fill-content i-amphtml-replaced-content" style="image-rendering: inherit; object-fit: inherit; object-position: inherit; display: block; height: 0px; max-height: 100%; min-height: 100%; min-width: 100%; width: 0px; margin: auto; position: absolute; top: 0px; left: 0px; bottom: 0px; right: 0px; padding: 0px !important; border-width: initial !important; border-color: initial !important; border-image: initial !important;"></amp-img></a></p><div class="code-block code-block-1 ai-viewport-3 amp-wp-d1954fa" data-amp-original-style="margin: 8px 0; clear: both;" style="display: inherit; margin: 8px 0px; clear: both;"><div align="center"><span style="font-family: var(--para-font); text-align: left;">The dramatic plunge created more panic across the market spectrum with Bitcoin staying below $40,000 price levels.</span></div></div><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">Crypto pundits say a cascade of bad news sent the market spiralling downwards since it hit an all-time high in mid-April. Negative sentiments strengthened when Tesla’s CEO, Elon Musk, told his followers via Twitter that the biggest electric-car maker will no longer accept Bitcoin as a means of payment because of concerns about its mining process that accounts for high carbon footprints.</p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">Weakened institutional buying played its part, with wealthy investors pulling a significant amount of their funds into traditional safe-haven assets like gold, as they pondered on Bitcoin’s erratic price swings. This led to heightened disinterest in buying the dip, despite Bitcoin falling below $40,000.</p><div class="code-block code-block-3 ai-viewport-3 amp-wp-a750a3a" data-amp-original-style="margin: 8px auto; text-align: center; clear: both;" style="display: inherit; margin: 8px auto; text-align: center; clear: both;"><amp-ad width="320" height="50" type="doubleclick" data-slot="/26225854/Dotaudience/nairametrics.com/320x50_1_AMP" class="i-amphtml-layout-fixed i-amphtml-layout-size-defined i-amphtml-element i-amphtml-built i-amphtml-layout" i-amphtml-layout="fixed" data-amp-slot-index="1" data-a4a-upgrade-type="amp-ad-network-doubleclick-impl" data-google-query-id="CNG_t8SK9PACFYKTGwoduLEJkQ" style="display: inline-block; position: relative; overflow: hidden !important; direction: ltr; width: 320px; height: 50px;"><iframe src="https://cad18fc70c6951a8b5f472d766f5df29.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html?n=0" name="1-0-38;14895;<!doctype html><html><head><meta name=&quot;viewport&quot; content=&quot;width=320, initial-scale=1.0, minimum-scale=1.0, maximum-scale=1.0, user-scalable=no&quot;><script>var jscVersion = 'r20210524';</script><script>var google_casm=[];</script></head><body leftMargin=&quot;0&quot; topMargin=&quot;0&quot; marginwidth=&quot;0&quot; marginheight=&quot;0&quot;><div class=&quot;GoogleActiveViewInnerContainer&quot;style=&quot;left:0px;top:0px;width:100%;height:100%;position:fixed;pointer-events:none;z-index:-9999;&quot;></div><div style=&quot;display:inline&quot;class=&quot;GoogleActiveViewElement&quot;data-google-av-cxn=&quot;https://pagead2.googlesyndication.com/pcs/activeview?xai=AKAOjstSKjjH4I1U58SEV74G67LEKD2hpKMYxh2O4GB2BOoVWKNE4fBwdRJMTqickyJnFfar8ixEkvbzOx-V-WOC1505dKSumOhWgYoVD4pR9jELPD9o7pfv900&amp;amp;sai=AMfl-YTkFaAn7_jsd_fELLRAaY6O8RSSKZALqkrOIulYGWCaBziCvZjgkNUEHdojmKJaxvIApt5p03rLFNTCJLUHRB58P5Ble5NElIIOpXEL_6eNsiRy33bqNAkGTHxnFY-2Ie6RpL-Kau2JBWEJ0lk5uRenMvGJkigvl2sQbBedWgwMKv8&amp;amp;sig=Cg0ArKJSzEoXWKOBmMedEAE&quot;data-google-av-adk=&quot;2290794766&quot;data-google-av-metadata=&quot;la=0&amp;amp;amp=1&amp;amp;&quot;data-google-av-override=&quot;-1&quot;data-google-av-dm=&quot;2&quot;data-google-av-immediate data-google-av-aid=&quot;0&quot;data-google-av-naid=&quot;1&quot;data-google-av-slift=&quot;&quot;data-google-av-cpmav=&quot;&quot;data-google-av-btr=&quot;&quot;data-google-av-itpl=&quot;20&quot;data-google-av-rs=&quot;1&quot;data-google-av-flags=&quot;[&amp;quot;x%278440&amp;#39;9efotm(&amp;amp;753374%2bejvf/%27844&amp;gt;&amp;#39;9wuvb$&amp;amp;56533&amp;gt;!=|vqc)!273794&amp;amp;&amp;lt;qqvb/%&amp;lt;1735020!=nehu`/!364=5051!9abk{ay&amp;quot;]&quot;><DIV STYLE=&quot;position: absolute; left: 0px; top: 0px; visibility: hidden;&quot;><IMG SRC=&quot;https://pagead2.googlesyndication.com/pagead/gen_204?id=xbid&amp;dbm_b=AKAmf-A4uh9ORTEUvUUkqNxrXPC6rLZNDJWnnrCah_PE92tfkDr5gUYa1JDg_GTzppQMqkI6dYbumJhVO8LEju7-a2PfTWVEcsLIWtSr1SAF7mVJbiz-oRY&quot; BORDER=0 WIDTH=1 HEIGHT=1 ALT=&quot;&quot; STYLE=&quot;display:none&quot;></DIV><iframe title=&quot;Blank&quot; src=&quot;https://googleads.g.doubleclick.net/xbbe/pixel?d=CM-nKBD9yigYrK7OmQEwAQ&amp;v=APEucNX0aUYgJkj5YcZv8BMynA9MGfZppwjeSK2UJyppqH1R10iqO9SGWf0HjgPdDc_CLUMy08jpaEgfCgs_Jwit52e51HqRZA&quot; style=&quot;display:none&quot; aria-hidden=&quot;true&quot;></iframe><div><div style=&quot;position:relative; display:inline-block;&quot;><script data-jc=&quot;75&quot; data-jc-version=&quot;r20210524&quot; data-jc-flags=&quot;[&amp;quot;x%278442&amp;#39;921378y&amp;quot;]&quot;>(function(){/* Copyright The Closure Library Authors. 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height="50" width="320" title="3rd party ad content" data-amp-3p-sentinel="0-3658655712408707451" allow="sync-xhr 'none';" frameborder="0" allowfullscreen="" allowtransparency="" scrolling="no" marginwidth="0" marginheight="0" sandbox="allow-top-navigation-by-user-activation allow-popups-to-escape-sandbox allow-forms allow-modals allow-pointer-lock allow-popups allow-same-origin allow-scripts" class="i-amphtml-fill-content" id="google_ads_iframe_2" style="margin: auto; display: block; height: 50px; max-height: 100%; max-width: 100%; min-height: 0px; min-width: 0px; width: 320px; position: absolute; top: 0px; left: 0px; bottom: 0px; right: 0px; border-width: 0px !important; border-style: initial !important; padding: 0px !important;"></iframe></amp-ad></div><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">Some crypto critics see the most popular crypto asset plunging as low as $20,000 at the worst-case scenario, yet, some market pundits say the flagship crypto remains skewed to the upside with the weekly trend of higher lows still in play.</p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px;">The crypto market had already lost more than $600 billion in market value, with millions of investors liquidated amid strong selling pressures. Bitcoin has seen its dominance level hit a record low of around 42.5%.</p><div class="code-block code-block-17 amp-wp-b6a507d" data-amp-original-style="margin: 8px auto; text-align: center; display: block; clear: both;" style="margin: 8px auto; text-align: center; clear: both;"><span style="font-family: var(--para-font); text-align: left;">Leading altcoins like Ethereum posted record losses as they dropped nearly half their value in the month of May after posting record highs some weeks ago. Cardano, Dogecoin, Internet Computer, XRP and Polkadot have plunged by more than 50% of their market value.</span><br></div><nav class="jp-relatedposts-i2" data-layout="grid"><div class="jp-related-posts-i2__row" data-post-count="3" style="margin-top: 0px;"><ul id="related-posts-item-60b4e961451f7" aria-labelledby="related-posts-item-60b4e961451f7-label" class="jp-related-posts-i2__post" role="menuitem" style="margin-top: 1rem; flex-grow: 1; flex-basis: 0px; display: flex; flex-direction: column; max-width: none;"><li class="jp-related-posts-i2__post-link" style="display: block; width: 328px; line-height: 1.2em;"><a id="related-posts-item-60b4e961451f7-label" href="https://nairametrics.com/2021/05/24/should-you-buy-bitcoin-and-ethereum-after-losing-half-their-value/" style="color: rgb(40, 59, 145);">Should you buy Bitcoin and Ethereum after losing half their value?</a></li></ul><ul id="related-posts-item-60b4e96145216" aria-labelledby="related-posts-item-60b4e96145216-label" class="jp-related-posts-i2__post" role="menuitem" style="margin-top: 1rem; 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