The snowball started in the heat of July with the Celsius bankruptcy, which was the first sign that the ecosystem we were building was not healthy. The fact that we were using a decentralized currency to mirror the centralized financial system did not match the vision for Bitcoin.
Bitcoin’s hashrate shrunk on December 25 and set a new record for the lowest hashrate in the last three months, Although while writing this article, the hashrate is back to its earlier position.
Though Bitcoin’s price has been suppressed for months, this may not necessarily mean that adoption of the asset is slowing down. On-chain data from IntoTheBlock shows that the number of non-zero Bitcoin addresses has steadily increased since the crypto market peak in November.
BT-Miners welcomes all parties interested in selling ASICs to reach out for pricing inquiries. BT-Miners will consider all serious offers to sell mining hardware regardless of whether or not the seller is currently a BT miner. For help and more information on selling mining hardware through BT-Miners, please contact the BT-Miners sales team.
A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria, claimed the country will soon pass a law making the usage of bitcoin and cryptocurrencies legal.
Hashrate is one of the most commonly referenced metrics in bitcoin mining. But what is it? As the term suggests, the Bitcoin network’s hashrate is simply the estimated rate of total hashes generated by all active mining machines. Called hashing, the process of generating hashes is the primary job of miners.
Cryptocurrency has reached a notable level of functionality in Cuba, as citizens use it as an alternative to getting services that they would be unable to get otherwise, including international shopping, mobile and internet top-up services, and even sending and receiving remittances.
The phrase on everyone’s lips this week is Consumer Price Index (CPI) — the key measure of consumer prices inflation in the United States. While coming every month, the latest CPI print, due Dec. 13 for the month of November, has additional importance for the market.
Cryptocurrency mining involves using a computer, or several computers, to validate transactions on a blockchain. Technically, these computers solve cryptographic equations and record data in a digital ledger. The more computers solving equations, the faster the blockchain can validate transactions.
The first episode of the “Bit Talk” podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin network.
Recently, a member of one of the oldest Bitcoin (BTC) forums, bitcointalk.org, sought to find the oldest or first miner. To everyone’s surprise, an anonymous member posted a signature that dated back to January 2009, a week after BTC was launched.
Demand for Application-Specific Integrated Circuits (ASICs) miners, specialized cryptocurrency mining rigs, has increased significantly in Q4 2022 in Russia, as reported by a local news outlet Kommersant. The surge in demand was driven by low equipment and electricity prices, the report added.
The snowball started in the heat of July with the Celsius bankruptcy, which was the first sign that the ecosystem we were building was not healthy. The fact that we were using a decentralized currency to mirror the centralized financial system did not match the vision for Bitcoin.
Bitcoin’s hashrate shrunk on December 25 and set a new record for the lowest hashrate in the last three months, Although while writing this article, the hashrate is back to its earlier position.
Though Bitcoin’s price has been suppressed for months, this may not necessarily mean that adoption of the asset is slowing down. On-chain data from IntoTheBlock shows that the number of non-zero Bitcoin addresses has steadily increased since the crypto market peak in November.
BT-Miners welcomes all parties interested in selling ASICs to reach out for pricing inquiries. BT-Miners will consider all serious offers to sell mining hardware regardless of whether or not the seller is currently a BT miner. For help and more information on selling mining hardware through BT-Miners, please contact the BT-Miners sales team.
A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria, claimed the country will soon pass a law making the usage of bitcoin and cryptocurrencies legal.
Hashrate is one of the most commonly referenced metrics in bitcoin mining. But what is it? As the term suggests, the Bitcoin network’s hashrate is simply the estimated rate of total hashes generated by all active mining machines. Called hashing, the process of generating hashes is the primary job of miners.
Cryptocurrency has reached a notable level of functionality in Cuba, as citizens use it as an alternative to getting services that they would be unable to get otherwise, including international shopping, mobile and internet top-up services, and even sending and receiving remittances.
The phrase on everyone’s lips this week is Consumer Price Index (CPI) — the key measure of consumer prices inflation in the United States. While coming every month, the latest CPI print, due Dec. 13 for the month of November, has additional importance for the market.
Cryptocurrency mining involves using a computer, or several computers, to validate transactions on a blockchain. Technically, these computers solve cryptographic equations and record data in a digital ledger. The more computers solving equations, the faster the blockchain can validate transactions.
The first episode of the “Bit Talk” podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin network.
Recently, a member of one of the oldest Bitcoin (BTC) forums, bitcointalk.org, sought to find the oldest or first miner. To everyone’s surprise, an anonymous member posted a signature that dated back to January 2009, a week after BTC was launched.
Demand for Application-Specific Integrated Circuits (ASICs) miners, specialized cryptocurrency mining rigs, has increased significantly in Q4 2022 in Russia, as reported by a local news outlet Kommersant. The surge in demand was driven by low equipment and electricity prices, the report added.
