Bitcoin EndTheFUD.org - curating the best Bitcoin FUD-countering articles in one page |
- EndTheFUD.org - curating the best Bitcoin FUD-countering articles in one page
- Daily Discussion, July 03, 2021
- Tesla said they wouldn't again accept BTC until energy consumption reached 50% from renewables. Now that BTC uses 56% renewable energy, I wonder if Tesla will soon start accepting BTC again.
- The largest difficulty adjustment in Bitcoin history has just been made with a 27.94% decrease in difficulty
- Petition calling for monthly $2,000 stimulus checks nears 2.5M signatures. Money printer goes Brrrrrr to buy more Bitcoin.
- When banks and institutions just want your Bitcoin
- Bitcoin mining difficulty just saw its largest downward adjustment in history: -28%
- No Taxation Without Representation #FIREPOWELL how can they have secret meetings? Where are the minutes? #FuckCoinBase
- Bitcoin mining is more profitable after China's crackdown
- how do people NOT understand that THIS is the FUTURE!!
- Make the transition ��
- I have shared about bitcoin on my class
- No huge Friday sell off!!
- Bought my first BTC today.
- Wasn’t Bitcoin Suppose To Collapse like 3 Years Ago? ��Let’s go BTC ���� The Basic Media Knows Nothing About Bitcoin as we have seen from their “news” stories over the years lol ��
- World Economic Forum: Cryptocurrencies can enable financial inclusion.
- Bitcoin Movie 2021
- Strike Offers Almost Zero Fee for Bitcoin Purchase, Challenges Coinbase’s Hefty Fees
- Bitcoin is still the strongest network despite 50% drop in hashrate - CoinVatic
- Real talk, how many of you actually got rekt trying to short BTC?
- Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown
- Bulgaria (government) and Ukrainian's public officials combined own more BTC than all public companies that HODL BTC combined
- 1 ATM In The Entire Town... And It's A Bitcoin ATM!
- Bitcoin mining just got way easier and lots more profitable
- Dutch Football Team Will Hold Bitcoin
- Trouble understanding how a custom Signet works in Bitcoincore.
- El Salvador Residency Group
| EndTheFUD.org - curating the best Bitcoin FUD-countering articles in one page Posted: 23 May 2021 04:10 AM PDT I'm curating a list of the best FUD-counter articles by Bitcoiners on EndTheFUD.org I got tired of looking up the same articles over and over in Twitter debates and figured it's useful to have all those bookmarks in one place, ordered by topic. Anyway, check it out. Edits and additions are welcome (it's just a GitHub readme page). [link] [comments]  | ||
| Daily Discussion, July 03, 2021 Posted: 02 Jul 2021 10:04 PM PDT Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. [link] [comments]  | ||
| Posted: 03 Jul 2021 04:24 AM PDT | ||
| Posted: 02 Jul 2021 11:43 PM PDT | ||
| Posted: 03 Jul 2021 09:15 AM PDT
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| When banks and institutions just want your Bitcoin Posted: 03 Jul 2021 02:51 AM PDT
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| Bitcoin mining difficulty just saw its largest downward adjustment in history: -28% Posted: 03 Jul 2021 12:22 AM PDT
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| Posted: 03 Jul 2021 12:21 PM PDT
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| Bitcoin mining is more profitable after China's crackdown Posted: 03 Jul 2021 09:03 AM PDT
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| how do people NOT understand that THIS is the FUTURE!! Posted: 03 Jul 2021 01:30 PM PDT
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| Posted: 02 Jul 2021 04:14 AM PDT
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| I have shared about bitcoin on my class Posted: 03 Jul 2021 01:50 AM PDT I'm having an MBA degree on Marketing. Due to COVID19, we are having classes online. However, we had a term paper submission and presentation on "Deceptive Advertising". I have selected the freebitco advertisement and had presented their Bait and Switch method to attract newbies to have click on their site. The advertisement is- "Win $200 bitcoin per hour" which I think totally a deceptive advertising. Through this, I was able to give a little hints about bitcoin among my fellow mates and my teacher. I felt lucky when teacher asked me what bitcoin is actually after my presentation, I gave a short answer to them. This was really great achievement of me, it may not be to you. I feel lucky if I get a chance to talk about bitcoin among my country men. [link] [comments]  | ||
| Posted: 03 Jul 2021 03:57 AM PDT Did we just go through a Friday with no huge sell off? Any thoughts? [link] [comments]  | ||
| Posted: 02 Jul 2021 09:15 PM PDT Have been skeptical of the future of BTC, but made my first investment today. Figure I'll throw a few bucks at it each week and go from there. [link] [comments]  | ||
| Posted: 03 Jul 2021 05:22 AM PDT | ||
| World Economic Forum: Cryptocurrencies can enable financial inclusion. Posted: 03 Jul 2021 12:45 PM PDT
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| Posted: 03 Jul 2021 12:39 PM PDT
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| Strike Offers Almost Zero Fee for Bitcoin Purchase, Challenges Coinbase’s Hefty Fees Posted: 02 Jul 2021 05:07 PM PDT
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| Bitcoin is still the strongest network despite 50% drop in hashrate - CoinVatic Posted: 03 Jul 2021 10:34 AM PDT
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| Real talk, how many of you actually got rekt trying to short BTC? Posted: 03 Jul 2021 04:49 AM PDT I'm a Holder, and don't trade, i'm just curious to know how many of you actually got rekt, and deeply regret doing it? I tried shorting once in my earlier days, and got rekt, NEVER AGAIN!! [link] [comments]  | ||
| Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown Posted: 03 Jul 2021 12:16 PM PDT More than 54% of bitcoin's hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May. The bitcoin code has re-calibrated to make it 28% less difficult to mine. Miners who are still plugged into the network stand to make greater profits while most of the network's miners remains offline. It just became a whole lot easier and much more profitable to mine for bitcoin. The world has known for months that more than half the world's bitcoin miners would be going dark as China cracked down on mining. Now that it's happened, the bitcoin algorithm has adjusted accordingly to make sure miner productivity doesn't continue to fall off a cliff. That adjustment – which took effect early Saturday morning – also means that way more cash is going to the bitcoin miners who remain online. "This will be a revenue party for miners," said bitcoin mining engineer Brandon Arvanaghi. "They suddenly own a meaningfully larger piece of the pie, meaning they earn more bitcoin every day." Mining made easier A bitcoin miner runs a program on a computer to try to solve a puzzle before anyone else does. Solving that puzzle is what completes a block, a process that both creates new bitcoin and updates the digital ledger keeping track of all bitcoin transactions. China had long been the epicenter of bitcoin miners, with past estimates indicating that 65% to 75% of the world's bitcoin mining happened there, but a government-led crackdown has effectively banished the country's crypto miners. ″For the first time in the bitcoin network's history, we have a complete shutdown of mining in a targeted geographic region that affected more than 50% of the network," said Darin Feinstein, founder of Blockcap and Core Scientific. More than 50% of the hashrate – the collective computing power of miners worldwide – has dropped off the network since its market peak in May. Fewer people mining means that fewer blocks are solved each day. Typically, it takes about 10 minutes to complete a block, but Feinstein told CNBC the bitcoin network has slowed down to 14- to 19-minute block times. This is precisely why bitcoin re-calibrates every 2016 blocks, or about every two weeks, resetting how tough it is for miners to mine. On Saturday, the bitcoin code automatically made it about 28% less difficult to mine – a historically unprecedented drop for the network – thereby restoring block times back to the optimal 10-minute window. The bitcoin algorithm is programmed to handle an increase or decrease in mining machines, according to Mike Colyer, CEO of digital currency company Foundry. "It is a self-regulating market that does not require any outside committee to determine what to do. This is a very powerful concept," he said. Fewer competitors and less difficulty means that any miner with a machine plugged in is going to see a significant increase in profitability and more predictable revenue. "All bitcoin miners share in the same economics and are mining on the same network, so miners both public and private will see the uplift in revenue," said Kevin Zhang, former Chief Mining Officer at Greenridge Generation, the first major U.S. power plant to begin mining behind-the-meter at a large scale. Assuming fixed power costs, Zhang estimates revenues of $29 per day for those using the latest-generation Bitmain miner, versus $22 per day prior to the change. Longer-term, although miner income can fluctuate with the price of the coin, Zhang also noted that mining revenues have dropped only 17% from the bitcoin price peak in April, whereas the coin's price has dropped about 50%. "We are expecting a period of much higher mining profitability for Compass Mining clients," said Whit Gibbs, CEO and founder of Compass, a bitcoin mining service provider. "We expect miners to be approximately 35% more profitable." Blockcap's Feinstein agrees. "We are expecting a revenue and profit increase for the foreseeable future. This was an unexpected gift to the network, not just on revenues but on decentralization and sustainable energy metrics." Although the difficulty drop benefits all miners, those using new-generation equipment stand to benefit the most. Feinstein tells CNBC that most of the gear in China that was turned off was old-generation equipment, which is inefficient and runs on much smaller profit margins. If not, most mining crypto experts agree that it will take anywhere from six to 15 months for all of that idle and displaced mining hardware to migrate. "It's going to take a long time for the surplus to find a home," said Barbour. Gibbs thinks miners should see heightened revenue for at least the rest of 2021. "Every day the Chinese miners are searching globally for places to turn their machines back on. There is very limited space at the moment," said Colyer. Part of the problem, according to Feinstein, is that even before China cut off mining, there was already a lack of infrastructure to house the new-generation miners being deployed monthly by Beijing-based manufacturer Bitmain. Now that the market is flooded with an over-supply of used mining rigs, it is tough to say how fast countries will be able to absorb the influx of gear. "Some mining companies have had everything built and were just waiting for these ASICs to plug in, which would only take a couple days," explained Arvanaghi. "Others may need to build containers, extend warehouses, or increase their power capacity. We won't see the hashrate reach what it used to be overnight, but we'll see it tick back up over the next few months," he continued. Of all the possible destinations for this equipment, the U.S. appears to be especially well-positioned to absorb this stray hashrate. CNBC is told that major U.S. mining operators are already signing deals to patriate some of these homeless Bitmain miners. U.S. bitcoin mining is booming, and has venture capital flowing to it, so they are poised to take advantage of the miner migration, Arvanaghi told CNBC. "Many U.S. bitcoin miners that were funded when bitcoin's price started rising in November and December of 2020 means that they were already building out their power capacity when the China mining ban took hold," he said. "It's great timing." But Barbour believes that much smaller players in the residential U.S. also stand a chance at capturing these excess miners. "I think this is a signal that in the future, bitcoin mining will be more distributed by necessity," said Barbour. "Less mega-mines like the 100+ megawatt ones we see in Texas and more small mines on small commercial and eventually residential spaces. It's much harder for a politician to shut down a mine in someone's garage." [link] [comments]  | ||
| Posted: 03 Jul 2021 03:10 AM PDT
I wonder how much China owns or all other governments combined :)? 10-20% of 21M? Source and links: BitcoinTreasuries.org Tl;DR: Forget about Elon, retail paper hands and blame the drops on BUL and UKR cause they must be selling :)))... [link] [comments]  | ||
| 1 ATM In The Entire Town... And It's A Bitcoin ATM! Posted: 02 Jul 2021 11:51 PM PDT
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| Bitcoin mining just got way easier and lots more profitable Posted: 03 Jul 2021 06:14 AM PDT
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| Dutch Football Team Will Hold Bitcoin Posted: 03 Jul 2021 05:54 AM PDT Dutch football team AZ Alkmaar has announced a partnership with local bitcoin exchange Bitcoin Meester, which will become the team's exclusive and official Bitcoin partner. The exchange will pay part of the contract in bitcoin, which AZ plans to hold on its balance sheet. AZ's commercial director Michael Koster, told ,the cryptocurrency market is booming, with an exponential growth of users in recent years. [link] [comments]  | ||
| Trouble understanding how a custom Signet works in Bitcoincore. Posted: 03 Jul 2021 11:56 AM PDT Hello, I have set up a custom Signet node, with my own challenge. I thought that to issue a correct block for Signet, one would need to sign it with the proper miner and that would not be possible to use the `generatetoaddress` API for issuing blocks as it's done in regtest. I was wrong, at least with bitcoincore 0.21.1, and I don't get why I can still emit valid blocks with just the Proof Of Work. Could anyone kindly take a sec to explain why this API still works, or point me to the codebase consensus part for Signet, maybe? Thank you very much. [link] [comments]  | ||
| Posted: 03 Jul 2021 02:12 AM PDT How many of you are interested in El Salvador Residency and citizenship for Bitcoiners? I will be applying. Anyone else? [link] [comments]  |
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