What Is A Miner Activated Soft Fork (MASF)?
The Bitcoin Network and its underlying blockchain is a programmable money system open for anyone to review and audit. The rules of Bitcoin are governed by the code Bitcoin Core code base, and every node ensures the rules are checked against every block, while miners need to abide by the rules if they want to […]
What Is Maximal Extractable Value (MEV)?
Maximal Extractable Value (MEV) — previously known as Miner Extractable Value, has become a thorn in many a smart contract chains side. MEV used to refer to miner-extracted value as mining used to be the primary method of organising blocks on proof of work chains. That has since changed with the introduction of various forms […]
What Are Sustainable Bitcoin Certificates?
The fiat system and its centralised issuance of currency have allowed the issuers to create money at will, but when you’re creating money, you need to have a palatable reason that the public will accept; after all, you are devaluing their purchasing power. While there are many programs today justifying new money creation and investment, […]
What Is A NerdMiner?
Bitcoin is an open-source network, meaning the code to run it and participate in the network is open to all; if you have the ability or the detailed instructions, you can run your own miner, your own node, build your own wallet software or signing device, and frankly, it’s encouraged. You determine your level of […]
What Are Bitcoin Mini Grids?
Much has been made of bitcoins energy demands, and you will find no shortage of ESG-funded hit pieces looking at bitcoin’s energy production from a myopic lens. A lot of the criticism of bitcoin’s energy use is that it simply uses energy and provides nothing for that energy costs, and it could have gone towards […]
What Is An Out-Of-Band Bitcoin Transaction?
Creating a transaction on the bitcoin network is the process of transferring ownership of a UTXO representing a certain amount of satoshis. You first compile a transaction with all the necessary details using the wallet software of your choice, then you broadcast that compiled script via your node or a third-party node, and miners will […]
What is Stratum V2?
Bitcoin mining is an essential part of the bitcoin network; while a lot of the focus revolves around how much you can earn from the block subsidy and transaction fees, this is only one element of mining, the incentive to get people to commit resources to the network. Bitcoin mining requires miners to convert electricity […]
Why ASIC Miners Break?
The bitcoin mining sector continues to grow and evolve as the competition for new coins and transaction fees heat up. Mining started out as a low-cost way of distributing coins to those who were interested in the network early on, but over the last decade, it has turned into an electricity and hash creation race […]
Why Bitcoin Miners Fail
The bitcoin mining business is not a get-rich-quick scheme that involves plugging in a magic money printer machine; it’s a worldwide competition to provide security for the network and, in return, hope to secure a reward for your contribution. It’s a race against time every 10 minutes and is ruthlessly capitalistic, with no bailouts; if […]
What Is A Green Bitcoin Miner?
Bitcoin mining requires increasing amounts of energy to power the computers that verify and record secured transactions on the time chain. Miners are on a mission to constantly source the cheapest forms of energy and the most reliable to keep their rigs running 24 hours a day. In some cases, this energy may come from […]