What Does The Future Hold For Bitcoin Mining?

Two technicians inspect bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec. (Photo by Lars ... [+]....AFP via Getty Images

From the outside looking in, it seems like a hard life earning a crust on the bitcoin mining breadline. Last year, when China imposed a blanket ban on the practice within its borders, a small army of miners hastily scrambled into action, powering down their machines, closing shop and redeploying their equipment overseas. Within a matter of months, China went from controlling two-thirds of all bitcoin mining worldwide to effectively exiting stage left.

Cryptocurrency miners are nothing if not resilient, but in few other industries would one have to up sticks and move country just to keep the lights on. It isn’t a case of hopping across a land border either. At considerable expense, ousted miners had to ship many tonnes of equipment from mainland China to far-flung territories such as the United States, Russia, Kazakhstan and Canada.

If China left a gaping void it has been hurriedly filled, with Kazakhstan in particular cultivating a reputation as a mining hub. Of course, things move fast in the much-maligned mining world. In recent weeks, Kazakh authorities have talked up significant tax increases for miners, some of whom are “severely damaging” the country’s energy system according to minister of digital development Bagdat Musin.

The intrepid miners who made a home in the Central Asian Republic after being banished from China may soon be dusting off their passports, again. Sandra Ro, the CEO of the Global Blockchain Business Council, speaking at the Senate Agriculture Hearing into cryptocurrencies in February addressed climate concerns related to bitcoin mining saying, “What we have today is actually an opportunity… mining has shifted to the U.S., Canada, and Nordic countries…

You may like to read: The Number of Investors Holding More Than 1 BTC Jumped By 20% Year Over Year

So, Congress should encourage crypto mining firms to set up in an environment with (global) oversight, [to] champion the increase in renewables for the industry.” Against this chaotic backdrop, it’s worth asking where is bitcoin mining headed? Will more countries join China and others in imposing outright bans? Or will stances soften thanks to the efforts of the Bitcoin Mining Council and eco-friendly innovations like Bitmain’s liquid-cooled rig?

Nothing less than the future of bitcoin is at stake, and with it the chance to exercise financial self-sovereignty via a decentralized cryptocurrency revered as digital gold. This, more that ever, in the current state of global political and economic volatility, is increasingly seen as a human right in the free world.

Bitcoin Mining: The Origin Story

Mining, of course, is the process that brings fresh bitcoin into being. The eponymous blockchain, which recently celebrated its 13th anniversary, depends on a Proof-of-Work (PoW) consensus algorithm that compels miners to solve mathematical problems that are difficult to solve but easy to verify.

Amid fierce competition from rival miners, PoW math problems are tackled and deciphered in exchange for a set quantity of bitcoin known as a block subsidy. This subsidy is then added to the sum of the transaction fees held in the block that is being mined to make up the block reward.

Just as gold-mining is the only way to increase the supply of the world’s most valuable precious metal, bitcoin mining is the only way to increase the supply of bitcoin. Of course, the currency does have a hard cap of 21 million bitcoins – so nodes can’t go on “producing” new bitcoin ad infinitum. Based on bitcoin’s predictable issuance model, the final coin will be mined some time around 2140.

Against all odds, Proof-of-Work has kept bitcoin ticking along for 13 years now with no recorded instances of double-spending. Those who expend electricity to verify transactions have a strong incentive to maintain the ledger’s integrity, and because PoW makes the cost of writing a block punishingly high, the security of the bitcoin network is more robust than it’s ever been. In fact, even if an attacker were to marshal 100 percent of the network hash rate, he would need over two years to completely rewrite the ledger dating back to January 3, 2009.

The Proof-of-Work PR War

Proof-of-Work is considered a marvel by bitcoin maximalists. As inventions go, they put it up there with the lightbulb and telephone. PoW has continued to attract criticism however, with many deeming the industrial-scale use of computing and electrical power wasteful. This has become the great bitcoin energy debate.

Such censure is not, on the face of it, unmerited. According to the Cambridge Bitcoin Electricity Consumption Index, the bitcoin network consumes 125.1 Terawatt Hours (TWh) per year, a little more than Ukraine (124.5) and a bit less than Egypt (149), a country that has banned bitcoin, along with Iraq, Qatar, Oman, Morocco, Algeria, Tunisia and Bangladesh. In the CBECI’s country rankings, bitcoin currently occupies 27th place…..

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Source: What Does The Future Hold For Bitcoin Mining?

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China’s GDP Contraction A Window To Its Post-Coronavirus Future

Getty Images

Media headlines out did each other in broadcasting China’s 6.8% contraction in GDP in the first quarter this year. It was indeed breaking news in that it was the first ever contraction since China started reporting quarterly GDP data in 1992. However, beyond the headlines, there is surprisingly little that is newsworthy.

It is not telling us anything we didn’t know already. A deep contraction was widely expected because of the massive quarantine and lockdown implemented to contain the COVID-19 outbreak, which practically shut down the economy. For example, Wuhan, the epicenter of the outbreak, ended its lockdown only on April 18 after 76 days.

Not surprisingly markets largely shrugged off the news. The S&P 500 rose 1.6% on April 17, after Nasdaq flipped into positive territory for the year the day before. Wall Street was not alone, Asian and European stocks also finished the week higher.

The slew of Beijing’s counter-cyclical policies to help the economy recover from COVID-19 has also been well and fully anticipated. Export rebate rates were raised on over 1,000 products to help exporters facing slumping demands. New infrastructure projects, many are planned and budgeted but now moved forward, have started in 25 provinces which will help prop up demand for industrial production and employment.

The People’s Bank of China, the central bank, has been adding liquidity to the financial system by cutting interest rates and reserve requirement ratio, as well as directing more lending to small and medium size businesses through loan guarantees. According to its data, bank loans grew by 11.5% year-on-year in March, the fastest growth rate since August 2018. This is an impressive feat.

China’s central bank is succeeding in raising bank credit growth in the midst of a massive economic contraction, something that is extremely difficult to do. None of these will bring about a V-shaped rebound, but they will pave the way for a recovery that will gather strength through the course of the second half of the year even if the global economy is still in recession.

The real news in China’s GDP contraction, which had come and gone hardly being noticed, is a policy document released without fanfare on March 30 outlining a set of wide-ranging structural reforms to be implemented in the aftermath of COVID-19. Ostensibly these structural reforms are needed, above and beyond the cyclical measures described, to revitalize an economy ravaged by COVID-19.

Upon closer scrutiny, however, it becomes clear that these are some of the deepest structural reforms that had been proposed and debated for the last two decades, and were strenuously resisted and successfully blocked or deferred by local governments. It appears that Beijing is taking advantage of COVID-19 and the unprecedented GDP contraction to ram through tough reforms that would otherwise be harder to do. What are these reforms?

These are deep and sweeping structural reforms regarding land use, the labor market, interest and exchange rates and the financial markets. They are what really matters if the Chinese economy is to become more market driven and efficient. On land use, current restrictions on how rural land can be sold and used for commercial purposes will be lifted, and the system of rural land acquisition and sales will be made market driven.

Behind these innocuous sounding policy-speak is the intention of slaying of one of communism’s sacred cows, the public ownership of land. Sweeping indeed. The removal of the household registration system, the hukou, is the centerpiece for reforming the labor market. This will be implemented nation-wide with the exceptions of a few mega-cities like Beijing and Shanghai.

For the tens of millions of migrant workers, they will be able to become fully-fledged urban residents in towns and cities where they are gainfully employed. They will be able to live with their families and have full access to urban health care, education and social welfare services.

Apart from lifting a highly discriminatory barrier that divides the Chinese population into two unequal tiers, at one stroke this reform will also increase urban consumption demand massively, especially in housing, while further enhancing the growth and dynamism of China’s burgeoning service sector.

The integration of benchmark lending and deposit rates with market rates will be the central plank of price reform in banking and finance, which will align them to become more market driven. The RMB exchange rate will be made more flexible. Civil servant salaries will be made comparable with the private sector.

The institutional infrastructure for listing, trading and delisting in the stock markets will be streamlined with stronger regulatory oversight, and the development of the bond market will be fast-tracked to offer an expanded range of products in size and varieties. And, finally, the opening up of the financial sector to full foreign participation will be accelerated.

Successfully implementing anyone of these structural reforms would be an achievement. Getting all of them done would be a game changer. This is clearly what Beijing intends to do by seizing the opportunity created by COVID-19 and the unprecedented GDP contraction. For those who welcome engagement with China, be prepared for a more dynamic and innovative Chinese economy.

For those who fear the rise of China, get ready to face a more determined China that marches to its own tune. Finally, the GDP contraction may well be the catalyst that Beijing needs to dispense with the GDP growth target altogether.

In the past decades, it has led provincial governments to boost production regardless of real demand in order to meet such targets, burdening China’s economic structure with wasteful over-capacity as a result. Allowing GDP growth to fluctuate with the rhythm of the business cycle would be an even greater achievement. That would be truly newsworthy.

I am a Visiting Scholar at the Lee Kuan Yew School of Public Policy, National University of Singapore.

Source: China’s GDP Contraction A Window To Its Post-Coronavirus Future

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Related contents:

China Hints at More Property Support as Economy Takes Priority BNN Bloomberg

China’s economy picking up but “arduous efforts” needed to sustain momentum – state planner FX Empire

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Bitcoin Could Churn Out 130 Million Tons Of Carbon, Undermining Climate Action. Here’s One Way To Tackle That emission

The power demands and carbon emissions of bitcoin mining could undermine global efforts to combat climate change if stringent regulations are not placed upon the industry, a Chinese study has found. By 2024, mining of the cryptocurrency in China alone could use as much power as the entire nation of Italy uses in a year, with greenhouse gas emissions equalling those of the Czech Republic.

But rather than recommending increased taxation on bitcoin mining to curb emissions, or simply an outright ban on the practice, the paper, published today in the journal Nature, suggests that miners should be encouraged to shift their operations to regions that provide abundant low-carbon electricity.

The research is significant because China carries out at least 65% of the world’s bitcoin operations. Shouyang Wang, one of the report’s authors and chair professor at the Academy of Mathematics and Systems Science at the Chinese Academy of Sciences in Beijing, told Forbes.com:

“While everyone has focused on bitcoin’s great profitability, we want people to become more aware of its potential issues and start thinking about these questions: is this industry actually worth the associated environmental impact, and how can we make profitable bitcoin mining operation more sustainable in the future?”

Using simulation-based models, the researchers found that, short of any policy interventions, bitcoin mining in China will peak in 2024 consuming 296.59 terawatt hours of electricity—as much as a medium sized country—and generate 130.50 million metric tons of carbon emissions. The authors further note that this consumption and the resulting emissions could derail China’s efforts to decarbonize its own energy system.

“It is important to note that the adoption of this disruptive and promising technique without [taking into account] environmental concerns may pose a barrier to the worldwide effort on GHG emissions management in the near future,” Wang said, adding that the research team was “surprised by the energy consumption and carbon emission assessment results of bitcoin blockchain operation in China.”

But the solution to the challenge, the authors argue, is “moving away from the current punitive carbon tax policy to a site regulation policy”—in essence, ensuring that mining operations move to areas that guarantee high rates of renewable electricity. Under such a policy, they found, only 20% of bitcoin miners remained in coal-intensive energy regions, resulting in lower carbon emissions per dollar earned, compared to a higher taxation scenario.

Under the site regulation model, the researchers found bitcoin operations generated 100.61 million metric tons at peak, as opposed to 105.19 million tons under an additional taxation scenario. Wang said government regulation of the industry was needed, but that bitcoin miners would likely be amenable to his team’s proposed solution.

“Site regulation should be carried out by the government, placing limitations on bitcoin mining in certain regions that use coal-based heavy energy,” Wang explained. “That being said, we think that there are enough benefits to this policy which will incentivize the miners to move their operation willingly. For example, since energy prices in clean-energy regions of China are lower than that in heavy-energy regions, the miners can effectively lower their individual energy consumption cost, which would increase their profitability.”

That isn’t to say, however, that regulation is the only method by which China should be reducing the emissions impact from bitcoin mining. “The government should also focus on upgrading the power generation facilities in clean-energy regions to ensure a consistent energy generation,” Wang said. “That way, the miners would definitely have more incentives to move voluntarily.”

Crunching The Numbers

Bitcoin operates by using blockchain technology—publicly recorded peer-to-peer transfers on encrypted computer networks—which eliminates the need for centralized authorities or banks. Bitcoin miners use arrays of processors to determine results to algorithmic puzzles that verify transactions that are added to the blockchain, for which they are in turn rewarded in bitcoins.

With the value of a single bitcoin having risen from $1 in April 2011 to around $60,000 in April 2021, and with yesterday’s news that the value of the cryptocurrency market has exceeded $2 trillion for the first time, the financial incentives to mine bitcoin are obvious.

But there is a finite supply of bitcoins: they are limited to 21 million in total. To control the currency’s circulation, the supply of new bitcoins is halved every four years, which also halves the miners’ rewards. This has helped ignite fierce competition, attracting an increasing number of bitcoin miners to get into the race, utilizing ever more powerful processing arrays requiring more electricity.

So, in at least one sense, bitcoin is self-regulating. Or as Wang puts it, “this is the industry’s natural built-in way of phasing itself out.”

Silver Linings?

It has until recently proved difficult to determine the total emissions impact of bitcoin mining. Industry advocates have long claimed that miners tend to rely on low-carbon energy due to its relatively low cost, but those claims have been disputed.

Now, using more advanced modeling techniques, Chinese researchers have been able to more accurately estimate the energy uses of specific industry operations. According to the China Emissions Accounts and Datasets platform (CEAD), for example, bitcoin mining accounts for more than 5.4% of emissions from electricity generation in China.

In response, various policy solutions have been suggested, including heavier taxation of bitcoin mining operations. The new research suggests site regulation could be the preferable option. But did Wang think this could result in too many miners moving into areas with abundant renewables, gobbling up energy supply?

“There would be an influx of bitcoin miners into clean-energy regions,” he said. “However, we don’t think that this increase in bitcoin mining operations would place burdens on the local energy grid. The energy-generation infrastructures in the clean-energy regions of China are still being improved and developed … we think that increases in energy generation capacity would outpace the increase in bitcoin mining operations in these regions, which would reduce the potential burdens.”

Even so, with a forecast of 100 million tons of carbon emissions at the industry’s peak, would it not simply be better, in environmental terms, to ban the practice outright?

“We think that simply banning bitcoin mining altogether is not ideal,” Wang said. “Even if bitcoin mining is completely banned, its increasing profitability would drive miners to continue their activities through other measures, such as stealing electricity. That is why we are suggesting a push for moving the miners to clean renewable energy regions would be more ideal.”

Asked whether future cryptocurrency operations could potentially result in the same or similar energy demands as bitcoin, Wang offered a note of optimism.

“Cryptocurrency communities have become increasingly aware of the carbon emissions generated through mining activities,” he said. “As a result … we think the development of these new consensus algorithms would improve the energy efficiency of cryptocurrency mining activities, which would be beneficial for China’s sustainability efforts.”

 

My key interests are in decarbonization and the development of circular economies.

Source: Bitcoin Could Churn Out 130 Million Tons Of Carbon, Undermining Climate Action. Here’s One Way To Tackle That

.

Related contents:

Kenya: EABL Set to Reduce Its Carbon Emissions By 95% Annually AllAfrica

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China’s Burned Out Tech Workers are Fighting Back Against Long Hours

Ms Tech | Getty

The draining 996 work schedule—named for the expectation that employees work 9 a.m. to 9 p.m., six days a week—has persisted in Chinese companies for years despite ongoing public outcry. Even Alibaba co-founder Jack Ma once called it a “huge blessing.”

In early October this year, it seemed the tide might have been turning. After hopeful signs of increased government scrutiny in August, four aspiring tech workers initiated a social media project designed to expose the problem with the nation’s working culture. A publicly editable database of company practices, it soon went viral, revealing working conditions at many companies in the tech sector and helping bring 996 to the center of the public’s attention. It managed to garner 1 million views within its first week.

But the project—first dubbed Worker Lives Matter and then Working Time—was gone almost as quickly as it appeared. The database and the GitHub repository page have been deleted, and online discussions about the work have been censored by Chinese social networking platforms.

The short life of Working Time highlights how difficult it is to make progress against overtime practices that, while technically illegal in China, are still thriving. But some suspect it won’t be the last anonymous project to take on 996. “I believe there will be more and more attempts and initiatives like this,” says programmer Suji Yan, who has worked on another anti-996 project. With better approaches to avoiding censorship, he says, they could bring even more attention to the problem.

Tracking hours

Working Time started with a spreadsheet shared on Tencent Docs, China’s version of Google Docs. Shortly after it was posted, it was populated with entries attributed to companies such as Alibaba, the Chinese-language internet search provider Baidu, and e-commerce company JD.com.

“9 a.m., 10:30 p.m.–11:00 p.m., six days a week, managers usually go home after midnight,” read one entry linked with tech giant Huawei.

“10 a.m., 9 p.m. (off-work time 9 p.m., but our group stays until 9:30 p.m. or 10 p.m. because of involution,” noted another entry (“involution” is Chinese internet slang for irrational competition).  Within three days, more than 1,000 entries had been added. A few days later, it became the top trending topic on China’s Quora-like online forum Zhihu.

As the spreadsheet grew and got more public attention, one organizer, with the user name 秃头才能变强 (“Only Being Bald Can Make You Strong”), came out on Zhihu to share the story behind the burgeoning project.

“Four of us are fresh college and master’s degree graduates who were born between 1996 and 2001,” the organizer said. Initially, the spreadsheet was just for information sharing, to help job hunters like themselves, they said. But as it got popular, the organizers decided to push from information gathering to activism. “It is not simply about sharing anymore, as we bear some social responsibility,” 秃头才能变强 wrote.

The spreadsheet filled a gap in China, where there is a lack of company rating sites such as Glassdoor and limited ways for people to learn about benefits, office culture, and salary information. Some job seekers depend on word of mouth, while others reach out to workers randomly on the professional networking app Maimai or piece together information from job listings.“I have heard about 996, but I was not aware it is that common. Now I see the tables made by others, I feel quite shocked,” Lane Sun, a university student from Nanjing, said when the project was still public.

Against 996

According to China’s labor laws, a typical work schedule is eight hours a day, with a maximum of 44 hours a week. Extra hours beyond that require overtime pay, and monthly overtime totals are capped at 36 hours.

But for a long time, China’s tech companies and startups have skirted overtime caps and become notorious for endorsing, glamorizing, and in some cases mandating long hours in the name of hard work and competitive advantage.

In a joint survey by China’s online job site Boss Zhipin and the microblogging platform Weibo in 2019, only 10.6% of workers surveyed said they rarely worked overtime, while 24.7% worked overtime every day.

Long work hours can benefit workers, Jack Ma explained in 2019. “Since you are here, instead of making yourself miserable, you should do 996,” Ma said in a speech at an internal Alibaba meeting that was later shared online. “Your 10-year working experience will be the same as others’ 20 years.”

But the tech community had already started to fight back. Earlier that year, a user created the domain 996.icu. A repository of the same name was launched on GitHub a few days later. The name means that “by following the 996 work schedule, you are risking yourself getting into the ICU (intensive care unit),” explains the GitHub page, which includes regulations on working hours under China’s labor law and a list of more than 200 companies that practice 996.

Within three days, the repository got over 100,000 stars, or bookmarks, becoming the top trending project on GitHub at that time. It was blocked not long after by Chinese browsers including QQ and 360, ultimately disappearing entirely from the Chinese internet (it is still available through VPNs).

The 996.icu project was quickly followed by the Anti-996 License. Devised by Yan and Katt Gu, who has a legal background, the software license allows developers to restrict the use of their code to those entities that comply with labor laws. In total, the Anti-996 License has been adopted by more than 2,000 projects, Yan says.

State involvement

Today, 996 is facing increasing public scrutiny from both Chinese authorities and the general public. After a former employee at the agriculture-focused tech firm Pinduoduo died in December 2020, allegedly because of overwork, China’s state-run press agency Xinhua called out overtime culture and advocated for shorter hours.

And on August 26, China’s Ministry of Human Resources and Social Security and the Supreme People’s Court jointly published guidelines and examples of court cases on overtime, sending reminders to companies and individuals to be aware of labor laws. But even though authorities and state media seem to be taking a tougher stand, it is unclear when or if the rules that make 996 illegal will be fully enforced.

Some companies are making changes. Anthony Cai, a current employee of Baidu, says working six days a week is quite rare in big companies nowadays. This year, several tech companies including and ByteDance, the developer of TikTok, canceled “big/small weeks,” an emerging term in China that refers to working a six-day schedule every other week. “Working on Saturday is not that popular anymore,” Cai says. “However, staying late at the office is still very common, which is not usually counted as overtime hours.”

In the future, companies may have to scale further back on overtime to attract young applicants. Faper Fu, a university student in Nanjing, says he has little interest in accepting 996 when he enters the job market. “If I am getting paid a lot, I may consider it,” he says. “But it is not my long-term plan 100%. Having work and life balance is very important to me.”

Cary Cooper, a professor of organizational psychology and health at Alliance Manchester Business School in the UK, thinks Chinese companies will pull away from overtime culture when they see evidence of the impact that long hours have on the health and productivity of workers. “There is no evidence that if people consistently work long hours, their productivity level will increase—it’s the opposite,” he says.

In the meantime, Cooper says, younger generations “won’t stop fighting for a good quality of working life.”

“996 will only make human machines,” wrote  秃头才能变强. “And the only result of a dry human battery is being thrown into the trash can after the battery goes dry.”

Source: China’s burned-out tech workers are fighting back against long hours | MIT Technology Review

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Hong Kong To Start Allowing Retail Crypto Trading in March Next Year

Hong Kong is relaxing its crypto regulation to allow retail investors to trade digital assets directly. A licensing regime for crypto platforms that allows retail crypto trading is reportedly set to be enforced in March next year.

Hong Kong is reportedly relaxing its strict cryptocurrency regulation with a plan to allow retail crypto trading, Bloomberg reported Thursday, citing people familiar with the matter.

A mandatory licensing regime for cryptocurrency platforms that allows retail crypto trading is set to be enforced in March next year, the publication conveyed, elaborating:

Hong Kong plans to legalize retail trading for crypto starting in March after years of skepticism — a stark contrast to mainland China’s ban.

Moreover, regulators are seeking to allow retail exchanges to list large cryptocurrencies, like bitcoin (BTC) and ether (ETH), the news outlet added. The listing rules are likely to include criteria such as the token’s market value, liquidity, and inclusion in third-party crypto indexes.

Gary Tiu, executive director at crypto firm BC Technology Group, commented:

Introducing mandatory licensing in Hong Kong is just one of the important things regulators have to do. They can’t forever effectively close the needs of retail investors.

Michel Lee, executive president of digital asset financial services group Hashkey, explained that Hong Kong has been trying to create an all-encompassing crypto regime, citing tokenized stocks and bonds as a potentially more important segment in the future. “Just trading digital assets on its own is not the goal. The goal is really to grow the ecosystem,” he was quoted as saying.

Hong Kong’s top financial regulator, the Securities and Futures Commission (SFC), introduced a voluntary licensing regime in 2018. It restricted crypto trading platforms to clients with portfolios of at least HK$8 million ($1 million). However, the tough regulation turned away many crypto businesses and only two firms — BC Technology Group and Hashkey — were approved.

Many people are skeptical of the new crypto regulation, however. Bitcoin Association of Hong Kong co-founder Leonhard Weese shared:

The kind of conversations I’ve had was that people still fear there’ll be a very strict licensing regime. Even if they’re able to deal directly with retail users, they’re still not going to be as attractive or as competitive as overseas platforms.

The SFC’s director of licensing and head of the fintech unit, Elizabeth Wong, said last week: “We’ve had four years of experience in regulating this industry … We think that this may be actually a good time to really think carefully about whether we will continue with this professional investor-only requirement.” She noted that Hong Kong could also authorize exchange-traded funds (ETFs) to offer exposure to mainstream crypto assets.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Source: Hong Kong to Start Allowing Retail Crypto Trading in March Next Year: Report – Regulation Bitcoin News

.

Related contents:

Hungarian businesses urged to tap vast business potential in Hong Kong (with photo) The Government of Hong Kong Special Administrative Region (Press Release)

Hong Kong Business Aviation Centre Launches Site Expansion Aviation International News

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Syndranker    https://jvz3.com/c/202927/378143/
Talkingfaces   https://jvz3.com/c/202927/375550
The Internet Marketing   https://jvz2.com/c/202927/289944
Tonai Voice Content   https://jvz8.com/c/202927/383119/
Toon Video Maker    https://jvz2.com/c/202927/357201
TrafficForU   https://jvz3.com/c/202927/381950/
Trendio  https://jvz3.com/c/202927/381003/
TubePal   https://jvz6.com/c/202927/379863/
Tubeserp   https://jvz3.com/c/202927/370472
TubeTargeter  https://jvz6.com/c/202927/377211
TuneMingo    https://jvz3.com/c/202927/386556/
TV Boss Fire  https://jvz6.com/c/202927/379480/
Ultrafunnels A.I   https://jvz2.com/c/202927/381129/
VIADZ Ad Template  https://jvz4.com/c/202927/379307/
Vidcentric   https://jvz4.com/c/202927/376095
Viddeyo    https://jvz6.com/c/202927/382326/
Videevolve   https://jvz4.com/c/202927/381011/
Video Campaignor      https://jvz4.com/c/202927/387058/
Video Games   https://jvz3.com/c/202927/184902/
VideoEnginePro     https://jvz2.com/c/202927/372916
VideoGameSuite    https://jvz3.com/c/202927/366537/
VideoRobot Enterprise   https://jvz8.com/c/202927/291061
VidKreate   https://jvz6.com/c/202927/386029/
VidMingo   https://jvz6.com/c/202927/378359/
VidRaffle   https://jvz2.com/c/202927/386840/
VidSnatcher    https://jvz3.com/c/202927/342585
VidVoicer    https://jvz1.com/c/202927/379983/
Vidzura   https://jvz4.com/c/202927/385754/
Viral dash   https://jvz6.com/c/202927/375959
Viral Quotes      https://jvz2.com/c/202927/386984/
VirtualReel   https://jvz8.com/c/202927/376849
Vocalic  https://jvz2.com/c/202927/383848/
VoiceBuddy    https://jvz1.com/c/202927/342854
WebCop  https://jvz4.com/c/202927/378683/
Webinarkit   https://jvz3.com/c/202927/383937/
Webprimo   https://jvz1.com/c/202927/379455/
WordPress Mastery   https://jvz1.com/c/202927/386249/
WowBackgraounds   https://jvz2.com/c/202927/381556/
WP GDPR    https://jvz8.com/c/202927/299907
WP Simulator    https://jvz3.com/c/202927/46987/
Writer Arc   https://jvz1.com/c/202927/386602/
writing job   https://jvz8.com/c/202927/213027
XBrain Forex   https://jvz3.com/c/202927/372305/
XFUNNELS   https://jvz2.com/c/202927/310335
Xinemax  https://jvz1.com/c/202927/381749/
YoDrive   https://jvz2.com/c/202927/384700/
YoSeller   https://jvz4.com/c/202927/387544/
Your 3DPal   https://jvz2.com/c/202927/381685/
YTSuite   https://jvzoo.com/c/202927/381179
Zappable   https://jvz3.com/c/202927/367328/
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