Why Is Bitcoin Mining So Loud?
Bitcoin mining gets a lot of flack from the general public; if it’s not using too much energy, it’s driving up the price of computer chips. If it’s not generating useless computation that cannot be used for anything else, it’s making too much noise. Bitcoin miners provide computing power to the network in a globally […]
Why Is Bitcoin Mining So Energy Intensive?
When Satoshi Nakamoto mined the first bitcoin back in 2009, the plan was to create a decentralised payments platform that would revolutionise how we create money, how we manage balances and how we transfer value between participants in the network. The idea behind proof of work was to create a competitive marketplace where anyone could […]
What Is A Bitcoin Mining Capitulation?
Bitcoin mining is not some passive investment opportunity where you can print money using fancy computer equipment; it’s a cutthroat industry where individuals and companies compete to secure the next block. Bitcoin mining has elements you can control, such as the type of machine you’re using, your expenditure cost basis and the software you’re running, […]
9 Reasons Why You Want To Mine Bitcoin At Home
If you’ve heard about bitcoin, you probably already know that to acquire some, you either need to purchase it from someone or mine them yourself. The concept of “creating” bitcoins from your computer by providing security to the network through the conversion of electricity into hash rate has become a booming industry over the last […]
Why Solar Homes Should Consider Home Mining
As a South African, the energy crisis has been part of my daily life since the early 2000s as our centralized national power provider continues to falter under mismanagement, corruption, sabotage and political interest instead of economic interest. The national energy provider Eskom is a central point of failure for the South African economy. As […]
What Is Bitcoin’s Next Difficulty Adjustment?
As the Bitcoin mining industry continues to grow and innovate, one important metric that those who run miners keep their beady little eyes on is the “difficulty adjustment“. The reason being that if the difficulty of mining a Bitcoin block increase or decreases, it will then determine the profitability of your mining operation. This is […]