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 GPUtopia?
Many of us who discovered Bitcoin feel like kicking ourselves for not getting in on the early gold rush, where it was possible to mine coins on a desktop computer or laptop. As early miners fried their CPUs for Bitcoin, they eventually graduated to GPUs, and around 2011, most mining powers started coming from CPU […]
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 […]
NY’s Bitcoin Mining Ban Based on a False Premise
The state of New York has not been the most Bitcoin-friendly region, which is ironic since the area is synonymous with finance and financial innovation. One would think it’s natural that operating a Bitcoin-based business in New York would complement many firms based in the state, but regulators have a different view. Many policymakers in […]
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 The Blockstream ASIC (BASIC) Note?
ASIC miners help to secure the Bitcoin network by validating transactions. ASICS generating hash power is a necessary part of the Bitcoin ecosystem. Still, the most important aspect for the average person is that these noisy computer boxes can generate new Bitcoin. Each year, individuals and businesses try their hand at this digital gold rush […]
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 Is A Bitcoin Transaction Accelerator?
Using a decentralised and open network like Bitcoin to transfer value is a pretty alien concept to most of us. We’re all used to transferring funds physically through cash or via a series of counterparties who will accept money from us and settle up with our bank while we are none the wiser on when […]