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Who Says Bitcoin Mining Needs To Be Profitable?

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Who Says Bitcoin Mining Needs To Be Profitable?

by Mickey Koss

 

In addition to profits, bitcoin mining can also offer consistent electricity demand and can clean up the air by utilizing electricity made from wasted methane.

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

I’ve heard some recycled fear, uncertainty and doubt recently about transaction fees on the Bitcoin network not being able to sustain the miners, and thus maintain security once the block subsidy gets too low and or disappears. This got me thinking about how incentives might play out. 

 

Besides the obvious observation that they’re assuming no network usage growth and perpetually low fees on the base chain, I believe there are two key underlying assumptions that need to be addressed:

  1. Mining hardware will continue to exist in its current form as standalone, single-use computers.
  2. Mining companies will continue to exist in their current form as large, stand-alone companies that must constantly strive for profitability or go out of business.

Mining Hardware: One Man’s Trash Is Another Man’s Treasure

The name of the game here is utilizing waste. In its current form, electric heating elements create heat through the use of resistors. Resistors resist, changing the “flow” of electricity and dissipating the electrical power in the form of heat. You’re essentially utilizing poor electrical conductors in order to create heat. Seems pretty wasteful to me.

In terms of miners, their main waste product is heat. Imagine the applications you could build utilizing Bitcoin-specific ASIC chips. I see a future when every furnace and water heater produced utilizes ASIC chips as the heating element rather than the traditional electrical resistor types that exist today.

MintGreen in Canada is already doing this at a pretty large scale. They utilize their waste heat from the miners to heat local businesses like breweries, sea salt distilleries and even greenhouses.

This changes the home mining-profitability math completely. When utilizing dual purpose applications and harnessing the heat originally characterized as waste, the applications don’t need to be profitable in the traditional sense anymore.

The use of the newest generation of ASIC chips for heating purposes is not necessarily needed, nor desirable. Bitcoin mining heating applications, especially at the retail level, simply need to use the same amount of electricity or less than their non-mining competitors. The little bitcoin that is mined is simply an added benefit for upgrading your system or an incentive for builders to put into new homes.

Why would you want to buy a home that wastes electricity by simply heating it? That’s old school. I want a home that heats up and pays me when I heat it. I want a Bitcoin smart home.

Electric System Explained

To understand the second assumption, you first need to understand how electricity is generated. Electricity generation capacity consists of three main generating sources: base, peak and intermediate load generation. Base load power generates the minimum amount of electricity in order to satisfy the minimum level of demand in the system. Peak load generation is used to meet peak demand periods when demand spikes. It is ramped up and down, making it less efficient and more expensive. Intermediate load is also a variable source which responds to changes in demand, bridging the gap between base and peak load.

If we have variable capacity on hand, that means that at least some of the time we have unused capacity — valuable capital — that’s not being utilized. What this means is that your electricity costs not only have to cover the cost of production, but also must subsidize the cost of all the unused, but necessary capacity electricity producers have to maintain.

U.S. Energy Information Administration, U.S. Hourly Electric Grid Monitor (source)

Why so much complexity? Because demand is not constant. The above graphic shows the average demand for electricity and just how volatile it is, not only by region, but also by season. If power plants produce too much electricity, it can actually damage the grid, leading to a blackout.

There are a few techniques to store excess energy such as pumped storage hydropower, but they all have limitations such as access to water, space and battery technology. Simply put, once your battery is full, there’s nowhere else for the energy to go which ultimately leads to power curtailment. It’s also why intermittent sources like wind and solar will likely never be a sole source of power for the grid. There’s simply not enough storage capacity to keep the system running when the sun isn’t shining or the wind isn’t blowing.

Bitcoin, of course, fixes this.

Miners Don’t Need To Be Profitable

Right now, we see miners as standalone companies, buying electricity on the markets from electric companies. If the bitcoin price goes down and/or costs go up, miners get squeezed and go out of business. It’s a viciously competitive industry, but what if it wasn’t? What if mining became a service rather than a standalone business?

Service One: Elimination Of Variable Load Energy Sources

In my humble opinion, the only way forward for a truly sustainable energy system is one that is based on nuclear power. Nuclear power, however, is a base load energy generator; you can’t really ramp it up and down. The electricity produced must be consumed or literally wasted by sending it into the ground. So what do we use for variable demand?

My answer is bitcoin.

Instead of building capacity in variable forms — using up a bunch of capital for assets that are only used some of the time — why not build a massive base load of nuclear energy and use bitcoin mining as the variable demand to smooth the electricity demand curve. It flips the paradigm on its head. Not only do we get a massive source of clean and sustainable energy, we also utilize all of our capacity all of the time. The only variable being how much hash rate the power plant produces throughout the day.

In the meantime, bitcoin can be used to utilize all of the grid’s energy producing capacity. It will increase power company revenues, providing them with more capital to invest and build out infrastructure. Through the integration of bitcoin mining and energy production, bitcoin mining no longer has to be profitable in the traditional sense; it simply needs to outweigh the opportunity cost of not producing electricity at all.

Furthermore, the increased utilization means that consumers are no longer subsidizing unused capacity in their monthly bills. Imagine electricity rate-freezes or even cuts. At the very least, power rates wouldn’t need to rise nearly as fast. What’s good for the goose is good for the gander.

If a clean, sustainable, resilient, reliable and affordable electric grid is your goal, bitcoin is the way.

Service Two: Cleaning Up The Air

Waste products like natural gas and methane have been nothing more than an expensive cost of business for some time. All of that is beginning to change at a rapid pace.

Whether the gasses are produced through the breakdown of buried trash at a landfill, the drilling for oil, or the excrement of livestock and people, those gasses can now be harnessed and monetized through the use of generators to mine bitcoin.

It’s already happening.

ExxonMobil is just one of the companies starting to do this. Natural gas is a byproduct of oil drilling and extraction. In many cases, it was simply not economical to bring the gas to market, forcing producers to flare, or even worse, vent the gas directly into the atmosphere. Now the waste gas can be routed into a generator and used for mining bitcoin. It incentivizes companies to be more careful with that waste gas because it has been transformed into an income-producing asset rather than a pesky cost of business.

Landfills are also facing the same incentives. As garbage breaks down under the surface, it produces methane gasses. Those gasses, much like oil producers, were often flared or vented. With bitcoin mining, the methane is now an asset to those companies, incentivizing them to become better stewards, reducing air pollution.

Even human waste can be monetized with bitcoin mining. Wastewater treatment plants typically use anaerobic digesters to break down the solids after separating them from the bulk of the water they process. This process produces, you guessed it, methane.

Much like the power plant examples, bitcoin waste mining creates a situation in which miners no longer need to be profitable. Mining simply needs to outweigh the opportunity cost of not mining. In the situations where the gas cannot be brought to market, anything is better than nothing. I think I see a world where gas flaring and venting is a thing of the past.

No Profits? No Problem

Satoshi Nakamoto had to think differently to bring about the creation of an entirely different network of money and value. We now need to think differently to not only ensure the network survives, but to ensure human flourishing continues into the foreseeable future.

Energy is not scarce, nor should it be. Bitcoin is the incentive that the world needs to become truly innovative to ensure cheap, clean energy is available for all. Bitcoin is human flourishing.

Tim Moseley

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Will 1700 become a sustainable support level for gold?

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Will $1700 become a sustainable support level for gold?

Over the two trading days gold futures have traded below $1700 (marked X) and, on both occasions, recovered closing above that case psychological level. So, it is not illogical to wonder whether or not this price point will become a sustainable level of support or simply a pause before gold heads to lower prices.

Historically speaking the last time gold traded below $1700 occurred on August 9, 2021, the day of the "flash crash”. On Monday, August 9, 2021(marked a) gold opened at $1765 traded to a low of $1678, and closed at $1726. In this instance, $1700 played little technical importance within that one-hundred-dollar trading range. Before that gold traded below $1700 on two occasions in March 2021.

In both instances, gold traded to a low of approximately $1678. At the beginning of March 2021(marked b) gold traded below $1700 for three consecutive days before it moved above that price point. During the second instance that occurred at the end of March (marked c) gold broke below 1700 and then on the following day open below 1700 but closed well above that price point.

While historical studies can reveal many aspects and identify technical support and resistance levels, each identified example was caused by underlying fundamental events based on a unique set of factors and therefore may only offer fractional insight. More so, in each example over the last two years in which gold traded below $1700, it resulted in much lower prices before concluding and trading back above that price point. In fact, in all three examples highlighted on the chart, the price decline resulted in gold quickly moving below $1700 and trading to approximately $1680 before finding support.

The chart above (chart 2) is also a daily chart of gold futures. It references the same instances when gold broke below $1700 per ounce on three occasions. However, it highlights those lows which indicate that on each occasion gold broke through $1700 and did not find any price support until approximately $1780 per ounce.

Given that during each instance different fundamental events resulted in gold's price decline. However, on each occasion, gold found support technical or otherwise at $1680.

As of 5:23 PM EDT gold futures basis, the most active August contract is currently trading up $0.70 or 0.04% and fixed at $1706.50. Like yesterday gold broke below $1700 and effectively closed above that price point. However, if past studies result in any real insight it seems more likely that gold prices will not hold at $1700 only based on technical indicators. There would have to be a fundamental event that resulted in a dynamic pivot or shift in the current bearish market sentiment that has been prevalent in gold. With the latest CPI and PPI report this week indicating that inflationary pressures have increased since last month and remain persistent, the possibility that the Federal Reserve will raise rates by a full percentage point at this month's FOMC meeting is real. This fact could certainly move gold lower.

 

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

 

Tim Moseley

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British Royal Mint sees gold bullion sales increase 8 in Q2 silver sales jump 47

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British Royal Mint sees gold bullion sales increase 8% in Q2, silver sales jump 47%

The paper gold market has struggled to find consistent bullish momentum as prices dropped nearly 7% between April and June. However, the physical market saw solid growth, according to the latest report from the Royal Mint.

Thursday, the British mint said that sales of its gold bullion coins increased by 8% quarter-over-quarter. At the same time, silver bullion sales increased 47% compared to the sales in the first three months of 2022.

The mint added that it continues to see strong international sales, with specific demand growing among American consumers.

"Internationally, growth has also been seen in all three metals, with a 52% increase in the amount of gold ounces being sold, a 58% increase in silver ounces sold, and a 67% increase in platinum," the Royal Mint said in a statement.

"We are famous in the U.K. for making coins and bars from precious metals and have developed a strong international base of investors. It's encouraging to see such strong international sales, particularly from the U.S. and we look forward to expanding globally, providing a range of products to appeal to investors," added Andrew Dickey, director of precious metals at The Royal Mint.

The latest report from the British mint appears to be bucking the trend of slowing sales among significant mints. The U.S. Mint sold 315,000 ounces of gold during the second quarter, down 26% from the first quarter.

This is why gold is below $1,800 even as U.S. inflation hits a 40-year high at 9.1%

The U.S. Mint saw a demand drop sharply in June as it sold 52,000 ounces, according to the mint's revised data.

Meanwhile, the Perth Mint sold 244,737 ounces of gold in the second quarter, down 6% from 261,357 ounces sold in the first quarter.

Some analysts have said that the drop in bullion demand reflects nuances in the marketplace as higher premiums are pricing consumers out of the market. Premiums are high because of a supply and demand imbalance as bullion investors are holding on to the physical metal.

At the same time, analysts have said that the sharp drop in gold prices is expected to lead to an increase in physical demand. Thursday, gold prices dropped below $1,700 an ounce, hitting a nearly one-year low.

By Neils Christensen

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Gold’s year-end target is 2050 and here’s why 17 price surge still possible Wells Fargo

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Gold's year-end target is $2,050 and here's why 17% price surge still possible – Wells Fargo

The strong U.S. dollar has been hurting gold's price, dragging the precious metal down to 8.5-month lows as it steals its safe-haven appeal. But this is not a game-changer for gold, which can still end the year above $2,000 an ounce, according to Wells Fargo.

The U.S. dollar index rose to another 20-year high Tuesday, while the U.S. 10-year Treasury yield was at 2.921%. August gold futures were flat on the day, last trading at $1,731.60 an ounce after dropping below $1,725 overnight.

"The U.S. dollar has risen 12% since the start of the year. Almost half of that gain has come in the last month. Such big moves are quite rare, but when they do happen, commodity prices typically suffer. The reason is that most commodities are priced in U.S. dollars," Wells Fargo's real asset strategy head John LaForge said on Monday.

The broader commodities index has also suffered due to higher U.S. dollar and rising recession fears, hurting the demand outlook for industrial metals.

As the U.S. dollar gains, emerging market currencies drop, giving these countries less buying power.

"This loss of buying power can often negatively influence commodity demand and commodity prices," added LaForge. "Considering the strength in the U.S. dollar over the past month, it is not surprising that most commodity prices have been falling, gold especially."

Gold retreated 6% in June, primarily because of the U.S. dollar strength. The precious metal is one of the most sensitive commodities to the U.S. dollar price moves, according to LaForge.

Going forward, Wells Fargo is not expecting another significant move higher by the greenback, seeing it near its peak. However, for gold to move higher, it must create its own momentum.

LaForge's year-end gold price target is still at $2,050 an ounce, which he sees as reasonably achievable due to the recession narrative. He added that he would review his year-end targets soon if there is no movement.

"Gold needs its own surge of sorts — about 17% now — to hit our 2022 year-end target of $2,050 per ounce. For now, our year-end 2022 target remains unchanged, as 17% is doable. With recession around the corner, and gold being quite cheap versus most other commodities, investors may begin to buy. That said, we understand that time is running out, so we are reviewing our targets," he said.

By Anna Golubova

For Kitco News

Time to buy Gold and Silver on the dips

 

Tim Moseley

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Question Everything

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Question Everything

by Jeff Thomas, editor, International Man Communique

 

Question Everything

 

The average person in the First World receives more information than he would if he lived in a Second or Third World country. In many countries of the world, the very idea of twenty-four hour television news coverage would be unthinkable, yet many Westerners feel that, without this constant input, they would be woefully uninformed.

Not surprising, then, that the average First Worlder feels that he understands current events better than those elsewhere in the world. But, as in other things, quality and quantity are not the same.

The average news programme features a commentator who provides "the news," or at least that portion of events that the network deems worthy to be presented. In addition, it is presented from the political slant of the controllers of the network. But we are reassured that the reporting is "balanced," in a portion of the programme that features a panel of "experts."

Customarily, the panel consists of the moderator plus two pundits who share his political slant and a pundit who has an opposing slant. All are paid by the network for their contributions. The moderator will ask a question on a current issue, and an argument will ensue for a few minutes. Generally, no real conclusion is reached—neither side accedes to the other. The moderator then moves on to another question.

So, the network has aired the issues of the day, and we have received a balanced view that may inform our own opinions. Or have we?

Shortcomings

In actual fact, there are significant shortcomings in this type of presentation:

1. The scope of coverage is extremely narrow. Only select facets of each issue are discussed.

2. Generally, the discussion reveals precious little actual insight and, in fact, only the standard opposing liberal and conservative positions are discussed, implying that the viewer must choose one or the other to adopt as his own opinion.

3. On a programme that is liberally-oriented, the one conservative pundit on the panel is made to look foolish by the three liberal pundits, ensuring that the liberal viewer’s beliefs are reaffirmed. (The reverse is true on a conservative news programme.)2Each issue facet that is addressed is repeated many times in the course of the day, then extended for as many days, weeks, or months as the issue remains current. The "message," therefore, is repeated virtually as often as an advert for a brand of laundry powder.

So, what is the net effect of such news reportage? Has the viewer become well-informed? In actual fact, not at all.

What he has become is well-indoctrinated

A liberal will be inclined to regularly watch a liberal news channel, which will result in the continual reaffirmation of his liberal views. A conservative will, in turn, regularly watch a conservative news channel, which will result in the continual reaffirmation of his conservative views.

Many viewers will agree that this is so, yet not recognise that, essentially, they are being programmed to simply absorb information. Along the way, their inclination to actually question and think for themselves is being eroded.

Alternate Possibilities

The proof of this is that those who have been programmed, tend to react with anger when they encounter a Nigel Farage or a Ron Paul, who might well challenge them to consider a third option—an interpretation beyond the narrow conservative and liberal views of events. In truth, on any issue, there exists a wide field of alternate possibilities.

By contrast, it is not uncommon for people outside the First World to have better instincts when encountering a news item. If they do not receive the BBC, Fox News, or CNN, they are likely, when learning of a political event, to think through, on their own, what the event means to them.

As they are not pre-programmed to follow one narrow line of reasoning or another, they are open to a broad range of possibilities. Each individual, based upon his personal experience, is likely to draw a different conclusion and, thorough discourse with others, is likely to continue to update his opinion each time he receives a new viewpoint.

As a result, it is not uncommon for those who are not "plugged-in" to be not only more open-minded, but more imaginative in their considerations, even when they are less educated and less "informed" than those in the First World.

Whilst those who do not receive the regular barrage that is the norm in the First World are no more intelligent than their European or American counterparts, their views are more often the result of personal objective reasoning and common sense and are often more insightful.

Those in First World countries often point with pride at the advanced technology that allows them a greater volume of news than the rest of the world customarily receives.

Further, they are likely to take pride in their belief that the two opposing views that are presented indicate that they live in a "free" country, where dissent is encouraged.

Unfortunately, what is encouraged is one of two views—either the liberal view or the conservative view. Other views are discouraged.

The liberal view espouses that a powerful liberal government is necessary to control the greed of capitalists, taxing and regulating them as much as possible to limit their ability to victimise the poorer classes.

The conservative view espouses that a powerful conservative government is needed to control the liberals, who threaten to create chaos and moral collapse through such efforts as gay rights, legalised abortion, etc.

What these two dogmatic concepts have in common is that a powerful government is needed.

Each group, therefore, seeks the increase in the power of its group of legislators to overpower the opposing group. This ensures that, regardless of whether the present government is dominated by liberals of conservatives, the one certainty will be that the government will be powerful.

When seen in this light, if the television viewer were to click the remote back and forth regularly from the liberal channel to the conservative channel, he would begin to see a strong similarity between the two.

It’s easy for any viewer to question the opposition group, to consider them disingenuous—the bearers of false information. It is far more difficult to question the pundits who are on our own "team," to ask ourselves if they, also, are disingenuous.

This is especially difficult when it’s three to one—when three commentators share our political view and all say the same thing to the odd-man-out on the panel. In such a situation, the hardest task is to question our own team, who are clearly succeeding at beating down the odd-man-out.

Evolution of Indoctrination

In bygone eras, the kings of old would tell their minions what to believe and the minions would then either accept or reject the information received. They would rely on their own experience and reasoning powers to inform them.

Later, a better method evolved: the use of media to indoctrinate the populace with government-generated propaganda (think: Josef Goebbels or Uncle Joe Stalin).

Today, a far more effective method exists—one that retains the repetition of the latter method but helps to eliminate the open-ended field of alternate points of view. It does so by providing a choice between "View A" and "View B."

In a democracy, there is always an "A" and a "B." This illusion of choice is infinitely more effective in helping the populace to believe that they have been able to choose their leaders and their points of view.

In the modern method, when voting, regardless of what choice the individual makes, he is voting for an all-powerful government. (Whether it calls itself a conservative one or a liberal one is incidental.)

Likewise, through the modern media, when the viewer absorbs what is presented as discourse, regardless of whether he chooses View A or View B, he is endorsing an all-powerful government.

Two Solutions

One solution to avoid being brainwashed by the dogmatic messaging of the media is to simply avoid watching the news. But this is difficult to do, as our associates and neighbours are watching it every day and will want to discuss with us what they have been taught.

The other choice is to question everything.

To consider that the event that is being discussed may not only be being falsely reported, but that the message being provided by the pundits may be consciously planned for our consumption.

This is difficult to do at first but can eventually become habit. If so, the likelihood of being led down the garden path by the powers-that-be may be greatly diminished. In truth, on any issue, there exists a wide field of alternate possibilities.

Developing your own view may, in the coming years, be vital to your well-being.

 

New Opportunities Are Emerging For Citizens of The World.

Freedom and democracy may appear to be struggling to stay alive in America, but there may be a knock-out punch ready to be released. The evolution of the blockchain-enabled metaverse is going to enable the 'Citizens of the World' to gain their own Freedom by democratizing power and creating a new world with new rules, new players, and new opportunities. For 99.99% of us, the metaverse will improve our real-world lives through the democratization of power and opportunity.

Along with the major long-term trend of society towards decentralization and smaller-scale organizations, there are new opportunities developing to help 'Preparers' in the cryptocurrency sector. Businesses are beginning to issue their own Crypto Coins that can be traded on Cryptocoin Exchanges.

Markethive.com for example will be releasing its HiveCoin (HIV) in the coming weeks. It has tremendous upside potential that is outlined in a Video by Founder Tom Prendergast, "Entrepreneur Advantage…".

Not only that, if you go to their website and register as a FREE Member, you will be given 500 HiveCoins for "FREE" along with access to several Earning Opportunities and online tools to increase your HiveCoin balance.

Be sure to check it out today – Markethive.com

Markethive

Tim Moseley

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Is gold about to go mainstream?

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Is gold about to go mainstream?

Every week Merrill Lynch publishes a Capital Market Outlook Letter. The letters provide market commentary, research and analysis, and the occasional investment idea. Merrill Lynch (together with parent Bank of America) is the third largest brokerage firm, managing over $3 Trillion in client assets. When a firm of that size speaks up, you should listen.

Starting around March of this year, they disclosed an investment thesis called FAANG 2.0. It's a fascinating idea and gold plays a prominent role. Let's unpack it.

Transitioning from FAANG 1.0 to FAANG 2.0

The original FAANG acronym described the high-growth, tech-centric companies that accounted for an outsized portion of returns over the last decade, and then catapulted even higher once the pandemic hit. FAANG 1.0 included:

Facebook – Apple – Amazon – Netflix – Google

And yet, these companies have experienced meaningful price declines year-to-date.

Merrill has been chronicling the "great rotation" out of FAANG 1.0 and into FAANG 2.0.

What's FAANG 2.0?

If FAANG 1.0 are the new kids on the block, then FAANG 2.0 is the old guard. They include:

Fuels – Aerospace – Agriculture – Nuclear/Renewables – Gold and Metals/Minerals

The reasons to favor FAANG 2.0 in today's market are intuitive. Let's explore a few of the salient points.

Why FAANG 2.0?

Geopolitical tensions

The ongoing war between Russia and Ukraine will drive demand for fuels, agriculture, energy and other "hard assets" such as gold and metals/minerals. It remains unclear how the conflict will resolve and whether it will escalate further. Merrill notes that "gold is now the preferred asset of central banks" in the face of such uncertainty.

Inflationary pressures

They're likely to persist longer than previously thought. And while the focus is typically on what you pay at the pump, world food prices are at all time record highs. For anyone following Keith's work on inflation, it's unlikely the items he highlights (trade war, tariffs, lockdown whiplash, regulatory compliance, and green energy policy) are going to be resolved any time soon.

Supply and Demand Imbalance

There seems to be two primary reasons behind the supply/demand imbalance driving FAANG 2.0. One is the leftover supply chain disruptions from the pandemic. Equipment shortages, labor dislocations, logistics bottlenecks, and higher input costs arestill keeping products from getting to market. Two is simply greater demand than supply for these materials. For example, increased defense spending is driving greater demand for fuels and aerospace. Germany is doubling its annual budget. NATO is requiring all participating countries to devote at least 2% of GDP to defense spending by 2024. Likewise demand for energy alternatives (nuclear and renewables), and EV's is exploding, creating intense demand for the metals/minerals needed to scale production.

This paragraph from the May 2 letter sums up the case for FAANG 2.0 nicely.

In a matter of months, we have gone from a pandemic to Putin; infections to inflation; Big Data to Big Oil; zoom to zinc; masks to mascara; E-commerce to electric vehicles; jabs to javelins; swabs to sanctions; Webex to weddings; boosters to bombs; Non-fungible tokens (NFTs) to liquefied natural gas (LNG); Centers for Disease Control (CDC) to North Atlantic Treaty Organization (NATO); work-from home to work-from-office; the cloud to cobalt; and lite assets to hard assets.

Gold's Role in FAANG 2.0

Gold plays a prominent role in Merrill's FAANG 2.0 investing framework. Specifically, they cite investor concerns over inflation and war as reasons for why the "safe-haven" asset should enjoy consistent demand over 2022. Gold has posted strong YTD performance relative to other assets (gold is up about 1% compared to an average of -41% for the FAANG 1.0 crowd).

Why is gold considered a safe-haven asset?

The answer is simple but profound.

Gold is solvency you can hold in your hand.

In a world that poses significant risks of default, whether from inflationary pressures on businesses, aggravated by higher interest rates, or an escalation between Russia and NATO, gold is the asset you own when you don't want to take that risk.

Merrill's endorsement of gold as a major part of its FAANG 2.0 investment thesis could be a significant driver for gold going more mainstream. Despite many large asset managers paying lip service to the importance of owning gold in a diversified portfolio, and the fact that the benefits of owning gold have been well documented, it still remains one of the most under-owned assets.

There's another way gold could go mainstream though; it's called gold 2.0.

Transitioning from Gold 1.0 to Gold 2.0
 

What's gold 2.0?

It's gold with yield, specifically a Yield in Gold, Paid in Gold®. We've said it over and over again, everyone should own some physical gold as an insurance against the solvency risks outlined above. But insurance only protects wealth, it cannot grow your wealth. Monetary Metals offers gold with yield—gold 2.0—which protects and grows your wealth.

You can own physical gold, in secure vaults, outside the financial system, with the option of earning 2% to 3% interest, paid in more gold (silver too).

Whether from increased safe-haven demand, or greater demand for gold with yield, the 2020's could be the decade that gold breaks back into the mainstream in a big way.

By Keith Weiner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

Tim Moseley

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Supervising Crypto In Europe

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Supervising Crypto In Europe

 

End of June 2022, Cointelegraph.com published an article on the new agreement reached by the European Council to form an Anti-Money Laundering (AML) body that will have the authority to supervise certain crypto-asset services providers (CASPs).

But let's start with a summary first. The first flurry of regulation of crypto-assets appeared in Europe even before the pandemic in December 2019. Debugging took place throughout the first half of the following year, and in September 2020, the European Commission adopted it under the legislative designation draft regulation on markets in crypto-assets (MiCA for short).

A definite topic in the world of finance is currently the government regulation of cryptocurrencies, which is taking place across the globe. The approach in different states is diversified –  some states give cryptocurrencies a clear green light, others treat them more cautiously and introduce many regulatory regulations, and finally, there are states that have said a clear “no” to cryptocurrencies and banned them on their territory. 

The market segment with cryptocurrencies, estimated at $2.1 billion, is still subject to inconsistent regulation, which prevents the creation of legislative regulations that should prevent money laundering while protecting investors and creditors. 

However, increasing regulatory pressure is preventing crypto companies from innovating their products. For example, the cryptocurrency exchange Coinbase global warned that over-regulation would hamper innovation.

Image Source: Cointelegraph

Wild West Of Crypto Is Nigh

“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun.

The European Council said it had agreed on a partial position of a proposal to launch a dedicated Anti-Money Laundering Authority or AMLA. According to the regulatory body, the AML body will have the authority to supervise “high-risk and cross-border financial entities,” including crypto firms — “if they are considered risky.”

First proposed in July 2021, the AMLA should be operational in 2024 and “start the work of direct supervision slightly later,” according to the European Commission. 

It is evident that the taming of cryptocurrencies in the EU is imminent. By regulators who don't understand it much.

Europen Central Bank, Frankfurt,  Germany

The European Central Bank (ECB) is calling for decisive regulation of cryptocurrencies. People are speculating on life savings because of them, which is not to the liking of the head of the bank, Christine Lagarde. Its approach does not seem to many analysts, according to which most regulators propose measures that are not really applicable in practice.

The first application of the new regulatory conditions around cryptocurrencies could come in the next few months. The European Commission has already presented such measures, and the European Parliament should finalize them soon.

This is MiCA regulation and, therefore, regulation aimed explicitly at crypto-assets. But analysts recall that most regulators do not understand cryptocurrencies at all and are therefore rather skeptical about the proposals.

In addition to Christine Lagarde, other ECB officials have previously expressed concerns about cryptocurrencies. One of them is executive board member Fabio Panetta, who said in April that crypto assets are creating a new wild west and compared them to the subprime mortgage crisis of 2008. 

On the other hand, European monetary policymakers have confidence in their new digital euro project, which could take place as early as the next four years.

"Basically, almost all traditional institutions view cryptocurrencies as something dangerous and potentially exploitable or as a tool for money laundering and unfair activities. In doing so, these fears are completely odd and senseless. Regulators mainly want to achieve the greatest possible monitoring of financial movements, " said Czech analyst Martin Kysela.

Cryptocurrencies And Crime

The suppression of illegal cryptocurrency trading is taking place on more fronts than it might seem at first glance. The fight against money laundering has already moved to Europe. 

German authorities announced a raid on the world's largest darknet market, in which they seized bitcoins worth 25 million euros. This raid was carried out in cooperation with the German cybercrime centre and the federal criminal police office (BKA). For what reason did the raid occur, and what was its result?

In a raid on the world's largest darknet network called Hydra market, 543 bitcoins were seized. This illegal network has reportedly been operating since 2015 and has read an incredible 17 million customers. 

In the Hydra market, more than 19 000 sellers were registered who focused on the sale of illegal narcotics. According to the press release, other items were seized during the raid, which brought profits to the sellers.

 

                      

 

Nanny Mentality Undermines Freedom Of Choice

On Dutch television, the president of the European Central Bank (ECB), Christine Lagarde, said this in May.

“Cryptocurrencies are based on nothing and should be regulated so that people avoid speculating with their life savings.” 

She is afraid that people who do not understand the risk can lose everything and be very disappointed. Therefore, she believes that cryptocurrencies should be regulated.

First of all – if Ch. Lagarde and others believe that cryptocurrencies are worthless, they would not be so afraid of them, which leads them to the regulations to which the cryptocurrency market is already subject today. 

Many people see cryptocurrencies as a sign of freedom (and it doesn't matter what anyone thinks about it), and the EU obviously doesn't like that. It seems the representatives of the EU think people are unruly and should be regulated. 🙂

In the black scenario, some crypto specialists think that regulation could significantly damage crypto services in the EU. It may trample on user privacy and expose users to the risk of personal information being hacked. As a result, it may have a minimal impact on the fight against money laundering, which the EU seeks with this law.

Cryptocurrency exchange Coinbase stressed that it is cash that continues to be a popular means of money laundering. Blockchain technology, unlike cash, has allowed authorities to track suspicious transactions using advanced analytical tools.

Cryptocurrencies are highly speculative investments (and therefore attractive). The principle of any highly speculative investment is that money moves from those who lose a lot of money on the speculation to those who make a lot of money on it. It is difficult to regulate anything on this.

It’s All About Control

Crypto is unwanted by the top politicians because it gives the owner immense freedom to dispose of their finances in their own way and store them wherever they want – without the need for control by any regulator.

By the way, this control requirement is fully in line with the current direction of EU policy. Therefore, it is undesirable for someone to have access to finances that can not be regulated. The regulation or abolition of bitcoin and other cryptocurrencies would bring us a step nearer to totality.

 

Source:

cointelegraph.com

Idnes.cz

Cryptosvet.cz

Forbes.cz

 

 

Tim Moseley

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June headline inflation to exceed 86 the annual inflation rate in May

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June headline inflation to exceed 8.6%, the annual inflation rate in May

Economists, analysts, and market participants are laser-focused on the Labor Department's CPI (Consumer Price Index) report for June which will be released on Wednesday, July 13. The advanced forecasts released have a common theme or consensus and that is that inflation will continue to run exceedingly hot. Expectations are that headline inflation which includes changes in food and energy costs rose 1.4% compared to the previous month and come in at 8.7% YoY.

"The strong price increase of this year accelerated further in June 2022 and is expected to have climbed to 8.7 %. This is shown by an advanced estimate of Statistics Austria. This means that the inflation rate has risen to its highest level since September 1975. In the meantime, inflation has picked up speed in almost all areas. In addition to recent increases in fuel and heating oil prices, we also see significant increases in restaurant and food prices", according to Statistics Austria Director-General Tobias Thomas.

U.S. News today reported, "On Wednesday, the Labor Department will report the consumer price index for June, with forecasts that it will top the 8.6% rate for annual inflation recorded in May. A run-up in energy prices last month that has since abated is likely to make for an ugly headline number."

CNBC also reported, "The June consumer price index on Wednesday is expected to show headline inflation, including food and energy, rising above May's 8.6% level."

The consensus among different new services is overwhelmingly anticipating that inflation will continue to grow. The CPI report on Wednesday coupled with last week's jobs report will almost certainly result in another aggressive rate hike of 75 basis points at the July FOMC meeting which will convene at the end of this month.

The overwhelming majority of economists and analysts are anticipating that the Federal Reserve will announce and enact the fourth rate hike this year with consecutive interest rate hikes that began in March.

The Federal Reserve raised interest rates for the first time since 2018 in March. Before the first-rate hike, the fed funds rate was at ¼%. The Fed raised interest rates by 25 basis points at the March FOMC meeting, 50 basis points in May, and 75 basis points in June. It is now expected that they will raise interest rates by 75 basis points in July. The July FOMC meeting will begin on the 26th and conclude on the 27th of this month.

This matches the probability forecast by CME's FedWatch tool, this probability gauge is indicating that there is a 93% probability that the Federal Reserve will raise rates once again by 75 basis points this month.

The net result of the current inflation outlook has pressured U.S. equities lower, taking the U.S. dollar index higher and continuing to pressure gold prices lower on the first trading day of this week.

As of 4:45 PM EDT, the dollar has gained 1.11% or a total of 1.184 points, and is fixed at 108.005. Our studies indicate that there is no major technical resistance until the dollar index reaches 113. This assessment was created by using a Fibonacci extension from the lows of 79.012 in May 2014 up to the high of 103.952 during the first quarter of 2017.

The widely anticipated 75 basis points rate hike by the Federal Reserve has continued to pressure gold pricing lower. The most active August 2022 futures contract is currently fixed at $1731.90 after factoring in today's decline of $10.40. Based on our technical studies the first level of potential support comes in at $1720 with major support at $1680.
 

By Gary Wagner

Contributing to kitco.com

Time to buy Gold and Silver on the dips

 

Tim Moseley

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An Introduction To Cryptocurrency

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An Introduction To Cryptocurrency

 

If you are relatively new to cryptocurrency and have been wanting to learn more and get started here is a brief quick start guide.  Let’s start with some context.

R.I.P. Fiat Money

The word FIAT derives from latin, meaning a determination by authority. Our money is controlled by the central banks and the system is broken. It has been for a long time, only now the house of cards appears to be collapsing fast. 

Last year Turkey reported that its Lira has lost approximately 40% of its value over the last two years alone, but in truth we have been in a state of hyperinflation for way beyond that time. 

Something had to give, and you know that’s true when the World Economic Forum comes out and says that it is time for a reset. They want to bring in a Central Bank Digital Currency, which basically means they will control your money, albeit in a different form. That does not solve anything.

I recall here in the UK the last recession, when we experienced a bank run after the collapse of Northern Rock bank back in 2008. People could not get access to their money. It underlined that the current banking system controls your money and can freeze your account at will. 

What’s more, the bailouts and bail-ins of the big banks are effectively funded by you! Not to mention how that this same money can also be forged easily

 

Source image: ginifoundation.org

What is Cryptocurrency?

It is out of the rubble and backdrop of that recession that cryptocurrency emerged in the form of bitcoin. May 22nd 2021 marked the 11th anniversary of bitcoin, and you may be aware of the famous story of two men who sold two pizzas for 10,000 bitcoin, which was next to nothing back then. 

Cryptocurrency is a form of digital cash which is secured by something called cryptography so that it cannot be duplicated. It is decentralized meaning that you own it when stored in your own private wallet. It effectively allows you to become your own bank. As it gets widespread adoption you can use it in the same way you use traditional money.

Already you can use cryptocurrency to send digital cash to friends irrespective of where they live in the world. You can trade with it. You can pay for business services with it. You can also get cash backs in the form of cryptocurrency at certain shopping outlets. The list goes on.

Bitcoin

There are so many different cryptocurrencies arising right now. The most well known cryptocurrency is bitcoin, reportedly created by someone called Satoshi Nakamoto. Depending on who you talk to there are various interpretations as to who this person is or was – an individual, team, or maybe a covert government set up.

It has a total supply of 21 million and a current circulating supply of just over 19 million. Over 15,000 businesses accept bitcoin including paypal, microsoft, home depot and starbucks to name but a few. On the downside bitcoin is having to deal with congestion and latency problems which may reflect in its transaction fees.

Bitcoin ATMs are springing up and becoming more ubiquitous, with the USA and Canada leading the way. You can find out where they are via this map.

 

Source: https://coinatmradar.com

What is The Blockchain

All transactions take place on something called the blockchain. The blockchain is like a  digital ledger system which records all transactions in a way that cannot be removed or altered, making for greater transparency. There are different blockchains for different cryptocurrencies. When you perform a transaction you can check its status from start to finish on the blockchain. The blockchain is a trustless system bringing transparency to the financial world.

Become Your Own Bank

Before buying bitcoin or any other cryptocurrency it is important to grasp the concept of being your own bank. This comes with a responsibility to manage your security and privacy.

You need somewhere safe to store your bitcoin for peace of mind. When you use an exchange to buy cryptocurrency it is important not to leave it there as exchanges can be hacked.

There are various types of wallet which can be created seamlessly and quickly. They fall into two broad categories. Hot wallets and cold wallets. A hot wallet is a wallet that remains connected to the internet. 

Exodus would be a common example. Exodus is a wallet you can download to your computer and also has an inbuilt swap feature for several cryptocurrencies, which is very useful. I have this on my computer.

A cold wallet on the other hand is not connected to the internet, a bit like a flash drive. These types of wallets cannot be compromised, and I strongly recommend you buy one and store it in a fireproof safe for obvious reasons. 

The three common cold wallets are ledger, trezor and yubikey. I have the ledger nano S

The other important aspect of opening a wallet is that you will be given private keys in the form of seed words which need to be stored offline ideally in a fireproof safe. They act like unique passwords, with the important exception that if you lose them they are not recoverable like passwords are. Be warned, and store them safely on paper.

How To Buy Cryptocurrency

I will use bitcoin as an example. You can buy bitcoin at an exchange like coinbase, and coinbase also has tutorials to aid your learning. Other popular exchanges are binance and kucoin. You do need to check if the exchange operates in your country as there are variations.

You will usually need to attach bank details or a debit card in order to make a purchase, and if it is a first time, just be aware that your bank may reject the transaction, so you may need to liaise with them to prevent it repeating.

If you want to acquire bitcoin without payment or risk, you can use faucets such as cointiply to get your feet wet, so to speak without risk. This is just one of many faucets. You can also use mining sites such as nicehash but I would be cautious due to the energy it might consume in electricity given the rise in energy prices. 

There are social media sites you can join that give you cryptocurrency for engaging on their site. For example Steemit, and our own Markethive Ecosystem.

In Markethive you can pay for membership in bitcoin, and you can also acquire their own markethive coin just by engaging in the platform through various marketing activities. That could be reading someone else's blog, adding content or referring friends. They have some fun gamification like the wheel of fortune too.

These are just a few simple and safe ways you can get started with cryptocurrency that are low cost or no cost. Welcome to the cryptocurrency world.

 

 

 

 

 

 

 

 

Tim Moseley

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ゞパングカゞノレビュヌりェルカムボヌナス最倧3,000ドル進呈

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ゞパングカゞノの出金条件、出金ができないケヌス

ゞパングカゞノは、初回入金ボヌナスや通垞入金ボヌナスがありたす。 出金の際も耇数のペむメントを䜿えたすが、䞀番おすすめなのがビヌナスポむントです。 手数料が安く、ポむント口座の開蚭もすぐにできるので初心者のプレむダヌでも簡単にご利甚いただけたす。 VisaずMasterCardの䞡方で察応しおいたすので、おすすめです。

ほずんどのオンラむンカゞノはスマホによるプレむにも察応しおいたすが、スマホの操䜜性に぀いおはかなり差がありたす。 1ベットあたり$5皋床のベット制限が倚く、ボヌナス賌入やダブルアップなども犁止になっおいる堎合がほずんどです。 実際の提出に぀いおは、必芁に応じおサポヌトから連絡がありたすので、そのタむミングで行うようにしたしょう。 ご入金を遞択するず、デフォルト蚭定でペむトラが開くようになっおいたすので、特に迷うこずはないでしょう。 ブラりザ版ずは異なり、耇数のプロバむダで遊戯をするこずができず、「プレむテック瀟」に特化したものずなりたす。

䜿いやすさを远求するゞパングカゞノの発展は、日々進んでいたす。 ゞパングカゞノの自慢は、䜕ず蚀っおも手厚いナヌザヌサポヌトです。 ナヌザヌ様ずカスタマヌサポヌトが盞談しお、月の䞊限掛け金を蚭定したり、アカりントの䞀時凍結などを共に考えおいきたす。

ゞパングカゞノでは、圓サむト経由で新芏登録クヌポンコヌドの入力が必芁された方限定で、40ドルの入金䞍芁ボヌナスが甚意されおいたす。 カゞノを楜しむための軍資金を入金しなくずも楜しめるボヌナスずなっおおり、勝利金は「賭け条件」を満たす必芁がありたす党お口座に匕き出し可胜です。 ゞパングカゞノで受け取れるボヌナスは、初心者からベテラン、そしおハむロヌラヌのプレむダヌに至るたで党おの方に満足いただけるようなボヌナスになっおいたす。 この入金䞍芁ボヌナス登録ボヌナスは、このりェブサむトから新芏にナヌザヌ登録を行うず、20回のフリヌスピンを受け取るこずができたす。 ナヌザヌ登録の際に、プロモヌションコヌド【DREAM20】を入力しおください。

最䜎入金額は、お支払い方法によっお異なりたすが、ご垌望のお支払い方法をクリックするず、最䜎入金額が衚瀺されたす。 ご登録いただくだけで、$20をお受け取りになり、お奜きなスポヌツぞの無料ベットにお䜿いいただけたす。 オンラむンカゞノが初めおの方にも、思い切っお始める前に詊しおみたい方にも、カシュミオはお勧めのサむトです。 これはスポヌツブックでのみ利甚できるもので、オンラむンカゞノファンの間では評刀が悪いですが、リスクのないベッティングをするためには倧きなメリットがありたす。 䞖界で唯䞀の配圓収入が埗られるオンラむンカゞノであり、知名床は高くありたせんが、今埌たすたす人気が出おくるず思われたす。 残念ながら、このボヌナスは、プロモヌション参加時にむギリス、カナダ、アむルランドに居䜏しおいるプレむダヌのみが察象ずなりたす。

  • 入金額300初回入金ボヌナスはスロットゲヌム以倖のゲヌムすべおが犁止ゲヌムずなっおいたすので気を぀けたしょう。
  • どちらの決枈サヌビスを利甚する堎合でも、出金手続きの際に口座IDを入力する必芁がありたすが、口座IDを誀っお入力しお第䞉者に送金されおしたった堎合の補償や返金などはありたせん。
  • ここでは倚くのカゞノで実斜されおいる䞻なボヌナスをご玹介したす。
  • ダブルアップずは、賞金を倍倍に増やしおいくこずができる機胜のこずで、少ない勝利金で倧きく勝おる可胜性を狙うこずができるずいうものです。
  • バンバンカゞノカゞノは、ご登録時に$25の入金䞍芁ボヌナスをご甚意しおおりたす。

新しいゲヌムをプレむしおみたい方には䞍向きかもしれたせんが、安心しおカゞノを楜しみたい人にはおすすめのオンラむンカゞノず蚀えるでしょう。 還元ボヌナスは、期間䞭に他のボヌナスを䜿甚しおいない方限定のボヌナスです。 ゞパングカゞノでは、最高入金額の蚭定はありたせんが、プレむダヌごずに最高入金額が蚭定されおいる可胜性もありたす。 申し蚳ありたせんゞパングカゞノ 評刀 はご利甚いただけたせん。 ゞパングカゞノは、日本人による日本語サポヌトず日本語サむトが奜評のようで、ゞパング カゞノ 2chの口コミでも投皿されおたした。

カゞノデむズは入金䞍芁ボヌナスずしお10ドルが受け取れたす。 入金䞍芁ボヌナスを受け取るにはアカりントにあるボヌナスセクションから「今すぐゲット」を有効にする必芁がありたす。 チェリヌカゞノはボヌナスコヌドが䞍芁で、30ドルの入金䞍芁ボヌナスがもらえたす。 チェリヌカゞノも自動的に反映しないため、サポヌトぞ連絡が必芁です。 ゚ンパむアカゞノはボヌナスコヌドなしで入金䞍芁ボヌナスを20ドル受け取れたす。

本サむトで掲茉、玹介、蚀及されるカゞノは、それぞれ、ボヌナス内容の倉曎、ボヌナスの終了、特定の時点での利甚芏玄の倉曎を実斜する暩利を留保したす。 口座を開蚭する前、たたはボヌナスを受け取る前にそれぞれのサむトの利甚芏玄をご自身でお読みください。 ギャンブルには䞭毒性がありたすので、ご自身の責任でプレむしおください。

BeeBetでは高校野球など、珍しい競技の賭けを行うこずができるので、積極的に入金䞍芁ボヌナスを掻甚しおみたしょう。 察象ゲヌムにおける期間䞭のスピン回数が䞊䜍75䜍以内になった堎合には、フリヌスピンを獲埗できるずいう内容です。 進呈されたフリヌスピンは「今週のスロット」ず同じ機皮で利甚するこずができたす。 他のオンラむンカゞノず比べるず比范的ベットリミットが甘めに蚭定されおいるため、かなり効率よく条件を消化するこずができたす。 ワむルドゞャングルカゞノには「マンスリヌボヌナス」ず蚀っお、月の前半14日たでの200ドル以䞊の入金で50ドルが貰えるずいうボヌナスシステムがありたす。

ゞパングカゞノはvプリカで入金できる

公匏サむトの最䞋郚フッタヌ郚分のラむセンスマヌクアむコンのリンクからラむセンス画像をご芧になれたす。 通垞のバカラよりベット時間も短くなっおおり、カヌドの絞りなども行わず1枚1枚を早いテンポで裏返すので、すぐに決着が぀きたす。 赀・黒などのいわゆる「アりトサむドベット」に関しおは特別配圓の圱響を受けないので、通垞通り遊ぶこずも出来たす。 3個のサむコロの出目を予想し、「合蚈10以䞊倧」「1個以䞊5が出る」「6のぞろ目」ずいった各゚リアにベットを行いたす。 フリヌスピンの出珟率は比范的高く、リスクずリタヌンのバランスが取れた良台です。

ビギナヌズラックでグレヌトブルヌが結構出ちゃっお 、圓時はただプレむテック瀟のゲヌムだけだったころですね。 それ以来、盞性の良さを感じおずっずゞパングカゞノでプレむしおいたす。 たたサポヌト䜓制は他のオンラむンカゞノよりも敎っおおり完党日本語察応のチャットサポヌトやメヌルサポヌトに加え、電話サポヌトも受けられたす。 2020幎にリニュヌアルを実斜し、プレむテック瀟補のゲヌムのみを提䟛しおいたゞパングカゞノは珟圚倚数のプロバむダで遊べるハむブリッドカゞノになりゲヌム数も圧倒的に増えたした。 ゞパングカゞノZIPANG CASINOは2005幎に蚭立された、日本人プレむダヌ向けカゞノずしお最も長い歎史を誇る信頌ず実瞟のオンラむンカゞノです。

䞀芋するず、入金額に合わせお資金がぐっず増える埌者の方が有利ず思われたすが、ボヌナスの賭け条件が異なっおおり、それぞれ「18倍」「40倍」「60倍」ずなっおいたす。 ・「賭け条件」10倍40ドル×10400ドル、掛け金の合蚈が400ドル以䞊になれば条件クリア。 ゞパングカゞノでの遊び方、ゲヌムの攻略法の玹介や怜蚌、ちょっず゚ッチなプレむ動画など、たくさんの動画を配信䞭です。

入金䞍芁ボヌナスの詳现ずいうより、初回入金をお埗に䜿う方法的な。 →登録埌にサポヌトに登録したIDず「yutoriamin30」ず䌝えるず$30の入金䞍芁ボヌナスが貰えたす。 どういった人におすすめのカゞノなのかも玹介しおいたすので、新たに遊ぶオンラむンカゞノを探しおいる人はぜひ参考にしおください。 ベラゞョンカゞノほどではないにせよ、入金ボヌナスもありたすので、登録、入金しお損のないオンラむンカゞノです。 ボヌナスをそのたた出金できおしたったり、簡単に出金できおしたうず、ゞパングカゞノの運営が䞍可胜ずなっおしたうためです。

入金䞍芁ボヌナスが自動付䞎されるサむトは以䞋の様になりたす。 入金䞍芁ボヌナス自䜓魅力的なのですが、カスモはDORA麻雀にも賭ける事ができるので麻雀奜きな方にお勧めずなっおいたす。 カゞノ、スポヌツベット、賭け麻雀が出来る満足床の高いなオンラむンカゞノず蚀えるでしょう。 他のオンラむンカゞノず比范しおも䜎めの蚭定なので、ぜひ獲埗を目指しおプレむしたしょう。 登録埌にチャットで「入金䞍芁ボヌナスをください」ず䌝えたしょう。

ゞパングカゞノで利甚できる出金手段も、入金手段ず同じく゚コペむズずペむトラのみ2021幎珟圚ずなっおいたす。 ペむトラの堎合、お昌の12時たでに出金申請をすれば原則必ず圓日䞭に出金されるので、迅速な出金をお望みの方はぜひペむトラを遞択するのがオススメです。 ペむトラの爆速出金サヌビスず合わせれば、ゞパングカゞノの勝利金が手元の銀行口座に届くたで1日もかからないず非垞にストレスフリヌな出金をご䜓感いただけたす。

ゞパングカゞノの入金䞍芁ボ…オンカゞのボヌナス カンラクチュアリヌ歓楜聖域の入金䞍芁ボヌナス【実践蚘録公開】 カンラクチュアリヌは突然サむトが閉鎖されおしたったようです。 私が登録した時は出金もできたのですが、サむト閉鎖前に぀いおは出金拒吊などもあった暡様です。 ボヌナスコヌド ハッピヌスタヌHappiStarの入金䞍芁ボヌナ…

ゞャックポット圓遞時は数千䞇円以䞊獲埗もかのうですので、なるべく䞊限の無い入金䞍芁ボヌナスを遞びたしょう。 ベラゞョンカゞノずの差があるずすれば入金䞍芁ボヌナスの賭け条件が30倍ず最倧出金額が100ず条件が悪くなっおいたす。 https://zpng-online-casino.com/withdrawal/ 無料登録するだけで100回FS入金䞍芁ボヌナスが貰えるスロッティベガス

たた、事前にアむりォレットのアカりント口座に入金をしずかないずアむりォレットからゞパングカゞノに入金するこずはできないので、アカりント登録や口座に入金をしずきたしょう。 日本語サポヌトを備えおいるオンラむンカゞノは倚くありたすが、ゞパングカゞノはメヌルやラむブチャット、電話ず幅広い察応を可胜ずしおいたす。 オンラむンカゞノの䞭には日本語非察応のものもあるため、これは日本人プレむダヌにずっお嬉しいメリットであるず蚀えるでしょう。

デメリットはその逆で、フリヌスピン䞭に党く圓たらない可胜性も圓然あるため、賞金が埗られなかったらボヌナスはなし ずいうこずも。 今回玹介するのは「゚ルドアカゞノ」「ミスティヌノ」「カゞ旅」「ベラゞョンカゞノ」「ワンダヌカゞノ」「遊雅堂」「コンク゚スタドヌル」です。 出金条件自䜓は25倍ですが、実質的にリアルマネヌず同じように利甚できるずいうこずで、出金しやすさは抜矀です。 さらに188betには以䞋のような神がかり的特城がありたす。

基本的には、運営実瞟が長くお信頌のおける倧手カゞノを䜿うのがおすすめです。 ミリオンゲヌムDXは1,500円の入金䞍芁ボヌナスが甚意されおいたす。 ボヌナスコヌドもないので、アカりント登録をするをボヌナスが反映されたす。 ただ、貰える条件が特殊で、以䞋のように分割されお配垃されたす。

そんな人はもちろん、ゞパングカゞノはスマホ版のブラりザでも問題なくプレむできるのでモバむルブラりザでカゞノを楜しんでくださいね。 実は、アプリ版よりもゞパング カゞノ スマホ版の方がゲヌム数が倚くお評䟡が高いなんおいう噂もありたす。 パングカゞノの評䟡ずしおは、非垞にバランスのずれたオンラむンカゞノかず思いたす

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その経隓を掻かし、ゞパングカゞノはどのオンラむンカゞノよりも満足床の高い日本語カスタマヌサポヌトを24時間365日蚭眮しおいたす。 これたでゞパングカゞノZipang Casinoのおすすめポむントに぀いお解説しおきたしたが、次にゞパングカゞノがどのようなサヌビスを提䟛しおいるかに぀いお解説したす。 圓時は日本語に察応しおいるオンラむンカゞノは少なく、サポヌトも英語でやり取りするのが普通でした。 カゞノゲヌムが日本語に察応しお尚䞔぀日本人サポヌトのオンラむンカゞノも少ないけれど存圚したしたがマむナヌな存圚でサヌビスもむマむチな状況でした。

アロハシャヌク圓サむトからの登録でSweet Bonanzaのフリヌスピン100回が入金䞍芁ボヌナスずしお自動付䞎。 新芏アカりント登録埌、ボヌナスコヌド【だいじおん】を入力をすれば、$20の入金䞍芁ボヌナスがアカりントに付䞎されたす。 オンカゞ倧蟞兞からの新芏アカりント登録で、入金䞍芁ボヌナスずしおムヌンプリンセスのフリヌスピン50回をもらうこずができたす。 2回目入金でもらえる賭け条件なしのフリヌスピン300回は、かなりおいしいので有効に掻甚しおください。 入金䞍芁ボヌナスの勝利金の獲埗䞊限は$300ですが、初回入金埌に獲埗した勝利金に぀いおは䞊限はありたせん。 なおゞパングカゞノの堎合、ボヌナスの出金条件をクリアするずボヌナス額が残高から削陀され勝利金のみが残高に残りたす。

オンラむンカゞノを始めようず考えおいる方にずっお、䞀番気がかりなこずは、プレむしおも違法にならないかず蚀うこずではないでしょうか。 たた、期間限定のク゚ストを党おクリアするこずでボヌナス額が、最䜎30ドルから最高100ドルたで増やすこずができたす。 ク゚スト条件は、指定のゲヌムを◯◯回遊ぶ、◯◯倍以䞊の賞金を獲埗、合蚀葉を䌝えるなど他にも様々なものがありたす。 初回入金ボヌナス、セカンド入金ボヌナスをすでに䜿っおしたっおいおも、マンスリヌボヌナスは毎月のように利甚するこずもできたす。

たた問い合わせるずきは内容を入力するだけなので誰でも気軜に䜿えたす。 たた、文章入力だけで問い合わせするのが䞍安なら自身の画面などのスクショを甚意しおおくずよいでしょう。 プレむテックゲヌム限定になりたすが、PC版でより快適に楜しみたい方はダりンロヌド版をクリック埌むンストヌルしお遊ぶのもおすすめです。 公匏サむトに移動したら「ログむン」をクリックしメヌルアドレスや䜏所氏名などの個人情報を入力するだけです。 ゞパングカゞノZipang Casinoの初回入金ボヌナスはかなり珍しく、4皮類のボヌナスの䞭から1぀を遞べる仕組みずなっおいたす。 このような、「プレむダヌに顔を芋せる運営」によっおカゞノナヌザヌに安心感を提䟛しおいるのもゞパングカゞノの特城です。

ゞパング カゞノは、名前の通り日本人プレむダヌ向けに䜜られたカゞノのため、公匏ペヌゞやサポヌトは党お日本語察応で安心しお遊ぶこずができたす。 日本人向けのカゞノサむトを探しおいお、zipang casinoにたどり着いたっおいうプレむダヌも倚いのでは さらにプロモヌションが豊富で飜きずに賭けを楜しむこずができたす。

スロットマシンは勝率が䜎いですが、ゞャックポットが圓たれば䞀攫千金が望めるゲヌムです。 だからボヌナスをもらっおゞャックポットの確率をあげたしょう。 カゞノ偎でもボヌナスを管理するのは手間でありたすので䞀定の制限を蚭けおいるのでしょう。

本日倕方に私のほうからもカスモに問い合わせをさせおいただきたすので、登録したIDをメヌルでお知らせください。 これは出金するりォレットが本圓に本人のものかどうかを確認するためのもので、入金履歎を぀けるこずが本人確認ずセットになっおいるからです。 䟋えば、ムヌンプリンセスのスピンクレゞット$5をもらった堎合、利甚できるゲヌムはムヌンプリンセスのみずなりたす。 さらにステヌタスの高い人には優先的に出金するずいうルヌルを蚭けおいるカゞノも存圚するので、カゞノでプレヌを継続し、カゞノの優良顧客になるのがよいでしょう。 たた、カゞノでの実瞟であるステヌタスの高い人は、カゞノにずっお信甚床が高いので出金時のチェックにかかる時間も短くなりたす。

メゞャヌカゞノからマむナヌカゞノたで初回入金ボヌナスや特兞を䞀芧にしおみたした。 「ゞパングカゞノ」「ラッキヌベむビヌカゞノ」のいずれかで特兞を受け取るこずが可胜です。 オンラむンカゞノのリベヌトボヌナスは賭け条件がなし1倍皋床ずいう堎合が倚く、ほずんど珟金ずしお扱えお出金しやすいためボヌナスが苊手な人でも扱いやすい特城がありたす。 賭け条件は、カゞノサむトごずに蚭定されおいる金額が異なりたす。 モバむル専甚のゞパングカゞノ アプリが無料でダりンロヌドできたす。

曎にゞパングカゞノ 日本では、海倖では有名でも日本向けカゞノではただ取り扱いの倚くないアむコン瀟のゲヌムも倚く取り扱っおいるのが特城 キティヌペむアりトなど可愛いキャラクタヌが出おくるストヌリヌ性のあるゲヌムが楜しめたす。 みんなdeバカラ飯の詳现は䞋蚘の蚘事に参加方法を䜵せお蚘茉しおおりたす。

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