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 […]
The Centralisation Of Mining Rewards
Bitcoin has no shortage of critics, always looking to pick apart the network and find issues with it; these concerns can come from inside the community of those actively working in the space or from outsiders who feel that Bitcoin is just another meme coin that’s boiling the oceans. Attacks on Bitcoin are always a […]
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 […]
What Is Anduro?
Bitcoin has changed how we transfer value online, allowing users to transfer funds without an intermediary. It has chugged along nicely over the last decade, increasing its user base yearly. While several bull cycles have come and gone, on-chain transactions could meet demand interest, and the user base was manageable. Yes, there were a few […]
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 […]
What Are Inviscriptions?
Bitcoin is marketed by many as a decentralised and censorship-resistant network that is committed to transaction finality. As long as you pay the fees and broadcast your transaction, you will see it added into the next block or a few blocks after that, depending on how busy the network is and how competitive your transaction […]