The consensus a cryptocurrency uses determines how transactions are formed on the blockchain. If a cryptocurrency uses a Proof-of-Stake (PoS) consensus, transactions are confirmed by trusted validators on the network.
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.
The Bitcoin Mining Council (BMC) is made up of numerous Bitcoin miners who want to advance the blockchain of the crypto bedrock. "We promote transparency, share best practices, and educate the public about the benefits of bitcoin and bitcoin mining," the company's project page says.
The future is promising for Bitcoin and Ethereum miners and enthusiasts, and it’s a potentially rewarding enterprise for anyone who wants to give it a go. Crypto mining requires very high computing power to solve complex mathematical equations to verify transactions and add them to the blockchain digital ledger.
It’s a new all-time high–for Bitcoin mining difficulty. Hot on the heels of the Bitcoin hash rate hitting new highs, the difficulty adjustment, or the complexity that miners must overcome to solve valid blocks, has increased by 13.55%.
Cryptocurrency prices were trading in the green on Tuesday morning as Bitcoin (BTC) and Ethereum (ETH) soared along with other altcoins. Meme coins like Dogecoin and Shiba Inu were also trading with gains.
A recently filed SEC Form D registration explains that Rhodium Enterprises, Inc. raised $11.9 million this month, according to a notice of an exempt offering of securities filing published on September 19, 2022.
Ben Gagnon, chief mining officer at Bitfarms sees anything below $20,000 as the price where fair-weather institutional investors retreat from the currency for good, which will help stabilize bitcoin’s current volatility and send it up an upward path.
In a new first for bitcoin adoption by governments, Colorado has officially become the first U.S. state to allow citizens to pay taxes in bitcoin (BTC).
Meanwhile, even with the hash rate sky high, miners keep building and building onto the infrastructure. That’s incredibly bullish for bitcoin’s long-term prospects.
Most mining firms are looking for places with low electricity costs, and the US provides that. The states could benefit from Bitcoin mining through tax revenue and employment creation.