What Are Green Mining Pools?
Bitcoin and its network of ASIC miners consume massive amounts of energy to secure the network and process transactions. The need for proof of work as the backing for security and cost to produce new coins is a feature, not a bug. As Bitcoin becomes more valuable, more resources are allocated, as miners want to get in on the […]
What Is An Orphan Block?
The Bitcoin blockchain is a distributed ledger held on all full nodes running right now and all full nodes that will sync from the Genesis block to the current chain state. This ledger keeps records of all past Bitcoin transactions and is added to roughly every ten minutes when a new block is secured. Anyone […]
What Is The Bitcoin Security Budget?
Bitcoin, often referred to as digital gold, is not just a revolutionary form of decentralised digital currency; it’s also a pioneer in security. It’s the first global open network to remain online for over a decade without a major hack, and it does so by encouraging miners from around the world to provide security. As […]
What Is ASICBoost?
Bitcoin mining is the process of verifying and adding transactions to the public ledger, known as the blockchain. As miners provide hash rate used to secure the network and propose new blocks to add to the chain, the ones that are successful are rewarded with Bitcoin for their efforts. As the relative purchasing power of […]
What Is Nation-State Bitcoin Mining?
Bitcoin mining has grown considerably from its humble beginnings, starting as a hobbyist activity where individuals who wanted to support network decentralisation would provide hashing power on their desktop or laptop computers and net 50 BTC every 10 minutes with very little competition. A decade later, those initial CPU miners have been priced out, and […]
What Are KYC Bitcoin Mining Pools?
So you’ve heard about Bitcoin mining, and you want to get in on the digital gold rush. You’ve done your research, and you know that it’s a risky investment, but you’re willing to take the chance and set up that ASIC. Maybe you have some untapped power by running home solar, and you want to divert some […]
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 Fedipool?
Bitcoin transactions get verified through the process of mining, a method of providing computational power to secure the bitcoin network and protect it against attack. A bitcoin miner can submit its calculation proofs as hash rate directly to the network and compete with all other miners doing the same for the latest block. After every […]