What Is DATUM?
Let’s take a journey back to Bitcoin’s early days, when mining was a solitary pursuit. The Bitcoin core of yesteryear was all-encompassing, serving as the mining and node runner. Nodes, in their dual role, acted as both miners creating blocks and keepers of the ledger. It worked and made sense at the time of bootstrapping […]
What Is A Braiins Mini Miner?
Pleb mining has had a bit of a renaissance in recent years, with lottery mining devices hitting the market. The Avalon Nano, Nerdminer and BitAxe have carved out quite a following among Bitcoin enthusiasts, and these projects are starting to gather momentum. We’ve already seen a few upgrades to the BitAxe, and soon SolarBit should […]
A BitAxe Miner Nets A Block
The Bitcoin network is one hungry hippo for hash rate; it currently gobbles up 645.9 EH/s, and it will keep ticking up as more miners come online, as current miners expand their operations and as ASICS is improved to produce more hashes for a unit of power. The production of hash rate is an industrial-scale […]
Why Bitcoin Miners Are Pivoting To AI
Bitcoin mining and artificial intelligence (AI), while both being tech sector businesses, seem like entirely different beasts on the surface. As AI investment and companies have grown in the last four years, we’ve seen its hunger for resources grow exponentially. According to reports by the International Energy Agency, current data centre energy usage stood at […]
What Is A HODL_FEE?
Ah, the Bitcoin network. A beautiful symphony of cryptography, decentralisation, and…sometimes whiny miners? Yes, miners play an essential part in this ecosystem. What started as part of the Bitcoin core system, where everyone would mine themselves as part of running a node, has spun off into a specialised service and legitimate business. While Bitcoin miners […]
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 […]
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 […]
What Is A BitAxe?
The Bitcoin network is an open-source system where anyone can get involved. If you’re investing a meaningful amount of your wealth in the asset, you have a powerful incentive to support it, making attacks harder to perform and ensuring that the network remains decentralised. After securing your funds in cold storage, your first step should […]
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 […]
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 […]