Paraguay Seizing Bitcoin Mining Operations
The biggest incentive for Bitcoin miners to move to Paraguay comes from the Itaipu Dam, which is co-owned by Brazil and Paraguay. The hydroelectric dam is capable of generating 14 GW of power and has provided power to Paraguay, Brazil, and Argentina since May 5, 1984. Paraguay draws over 99% of its power from hydroelectricity. Itaipu, […]
Sweden Trying To Drive Out Bitcoin Miners
Sweden consistently ranks among the happiest countries in the world by the happy police but now seems none too pleased with how certain data centre businesses operate within its borders. To outsiders like myself, the country is known for high car safety scorings and assembled furniture brands, but it also holds a surprising title in […]
What Are Full Block Ordinals?
Ordinals have given the Bitcoin community much to think about. Some say they make Bitcoin fun, and others say they’re spam. Personally, I don’t need my money to be fun; I need it to be safe, secure, and reliable. But that’s just one plebs opinion. Ordinals have started their own movement, with businesses, applications, and […]
Why Some Bitcoin Blocks Are Empty?
Bitcoin miners have a clear incentive to maximize their returns with every opportunity they get. You’ve sunk capital into equipment that can only do one thing, and you’re spending electricity you can’t get back. So, making sure you get as much bang for your block can be the difference between running a successful miner and […]
Venezuela Seizes Bitcoin Miners
Venezuela’s recent crackdown on Bitcoin miners has the Bitcoin world buzzing and is a harsh reminder that governments can be the biggest NIMBYs around. The decision comes in the wake of a recent confiscation of 2,000 mining devices in the city of Maracay as part of an anti-corruption initiative. Authorities have seized over 11,000 mining […]
The Centralisation Of Mining Rewards
Bitcoin has no shortage of critics, always looking to pick apart the network and find issues with it; these concerns can come from inside the community of those actively working in the space or from outsiders who feel that Bitcoin is just another meme coin that’s boiling the oceans. Attacks on Bitcoin are always a […]
What Is Bitcoin Block Art?
It’s been a quiet few months when it comes to on-chain graffiti; it seems like a lifetime ago, Ordinals enjoyers claimed they broke Bitcoin, and the mempool was stuffed to the brim with inscription-based transactions. For a while, the mempool was more of a meme pool as the trend of stuffing JPEGs and JSON files into blocks had its […]
NiceHash Launches LN Payments For Its Miners
Bitcoin mining has graduated to the big leagues, from the humble desktop computer to the garage and now to the factory floor that is data centres that dominate hash power generation. As more hash rate comes online, the competition for fees and the block subsidy rises, and with the halving on the way, a big chunk of those rewards will be reduced for each block […]
EIA Coming For US Bitcoin Miners
It’s been three years since the great Chinese mining ban of 2021, which saw majority ownership of the global hash rate go offline, as miners had to pack up and perform a great trek towards greener pastures. Some found their footing in other parts of Asia and continental Europe. The fact that 70%+ of the hash […]
Bitcoin Mining Operations In Africa
According to Chain Analysis, Nigeria ranks second overall on the Global Crypto Adoption Index, Kenya (21), Ghana (29), and South Africa (31) rank high on the index. In no region is Bitcoin more dominant than Sub-Saharan Africa, as Satoshi trades continue to make up a more significant share of transaction volume. P2P markets and local exchanges feed the growing demand […]