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 PremiseÂ
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 […]
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 […]