What Is The “Sustainable” Miners Reward System?
Bitcoin is lauded for its decentralisation and security, but these qualities come at a cost. You can’t have the hardest money in the world, providing global settlement reliably for over a decade, without dedicating considerable resources to it. While Bitcoin secures well over a trillion dollars in value and settles billions in transactions daily in exchange for […]
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 […]
Mining Pools Auction Off Their Rare Sats
The Bitcoin mining landscape has become one of fierce competition and razor-thin margins as large private and publicly listed companies and even countries enter the space. The race to secure the next block and win some newly minted Bitcoin along with the fees for that block requires more and more hash rate as more participants join […]
What Are Block Template Policies?
Bitcoin mining is a fundamental part of the network; it provides security, ensures attacks are hard to perform, eliminates the chances of a rollback or double spend, and ensures we have a reliable network that constantly churns out new blocks. Bitcoin holds onto its decentralised nature through the tireless efforts of miners. These precious blocks filled […]
Eligius Mining Pool Relaunches As OCEAN
In the ever-evolving world of Bitcoin mining, the launch of OCEAN marks a significant step towards a new age in Bitcoin mining. As Stratum V2 lays the foundation for individual miners to have more autonomy and take back some of the tasks that early miners once handled before pools were the norm, new pools like DEMAND, OCEAN […]
The First Stratum V2 Mining Pool Rollout
Bitcoin, the world’s first and most prominent decentralised network, has revolutionised the financial landscape by introducing an open network that anyone can join or participate in and the launch of a truly native digital currency. Despite the decentralised nature of the Bitcoin network through its many nodes and distributed Bitcoin mining structure, mining pools have […]
The State Of Bitcoin Mining In South Africa
Mining has played a significant role in South Africa’s history and economy, with the country home to a wide range of mineral resources, including gold, diamonds, platinum, coal, and iron ore. The first recorded mining in South Africa took place in the 18th century when Khoisan people mined copper in the Northern Cape. In the […]