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Tag: Bitcoins
Michael Saylor slams “misinformation” about Bitcoin’s energy use
Ahead of Ethereum’s (ETH) transition to proof-of-stake, Bitcoin (BTC) maxi Michael Saylor has come out swinging against what he says is “misinformation and propaganda” about the environmental impacts around proof of work (PoW) BTC Mining. The MicroStrategy executive chairman, who recently stepped down as CEO, shared a lengthy post on his Twitter account on Sept. 14, detailing seven of his “high level thoughts” on BTC mining and its impact on the environment. Given the sheer volume of misinformation & propaganda circulating lately, I thought it important to share the truth…
As Ethereum Merge Looms, Saylor Pushes Back Against Bitcoin’s Energy Critics
In Saylor’s telling, it’s not so simple. He argued that “dedicated energy” powering these devices will move to “generic computers,” redistributing efficiency that would not limit carbon emissions. Saylor has previously pledged to defend Bitcoin against energy critics as a founding member of the Bitcoin Mining Council. Original
Bitcoin’s Mining Difficulty Taps All-Time High — 220 Exahash of Hashpower Remains Strong – Mining Bitcoin News
Bitcoin’s mining difficulty reached a new all-time high at block height 753,984 from 30.97 trillion hashes to 32.05 trillion hashes. After two difficulty increases during the past month, the network’s mining difficulty jumped another 3.45% higher on September 13. Bitcoin’s Difficulty Reaches 32 Trillion The leading cryptocurrency by market capitalization, bitcoin (BTC), is now a lot more difficult to mine. In fact, on Tuesday, September 13, 2022, the network difficulty tapped an all-time high at 32.05 trillion. Roughly two weeks or 2,016 blocks ago, the difficulty printed the second-largest increase…
Bitcoin’s Health May Hinge on a Legal Feud in Norway
“Despite the excellent legal representation that we developers have right now, the lawsuits still consume time and emotional energy, for some more, for some less,” the anonymous developer said. “Personally, I am not too much affected by the lawsuits, but I suspect for other developers it was one of many reasons to reduce or completely cut their involvement.” Original
US Inflation Data Could Test Bitcoin’s Rally
“It may take some time for inflation to return back to the Fed’s target, but even a moderation from the current torrid pace should be very good for overall consumer sentiment,” said Brendan Murphy, head of global fixed Income, North America, at Insight Investment. Original
Current Block Times Suggest Bitcoin’s Halving Is Coming Sooner Than Expected – Featured Bitcoin News
Bitcoin’s hashrate has been running hot despite the lower prices and the recent difficulty increases. In fact, blocks are being discovered faster than the ten-minute block interval average and because of this factor, the network’s reward halving may come sooner than expected. While some halving counters that simply leverage the ten-minute average note the halving is expected in May or April 2024, halving counters leveraging precise block interval times show the halving event could happen as early as March 1, 2024. Block Intervals Show Halving Date Could Be Much Closer…
While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult – Mining Bitcoin News
Over the past 12 months, Bitcoin’s hashrate has increased by 85.77%, while 53,547 blocks were mined and 334,668.75 new bitcoin were minted into circulation. More than two dozen bitcoin mining pools have dedicated hashrate toward the Bitcoin blockchain during the last six years, and while the hashrate is 22,900% higher, the number of bitcoins found per year is a whole lot less. 334,668 Bitcoin Minted Since September 2021 — Foundry USA Captures the Most Blocks Miners accrued just over 334,668 BTC since September 10, 2021, and 53,547 blocks were found…
After Big Rally Past $21K, Bitcoin’s Price Momentum May Not Last
Bitcoin’s price gain was the biggest in six months, leading a broad-market rally in cryptocurrencies that pushed the industry’s market capitalization back over $1 trillion. Original
Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets
“Bitcoin has behaved similarly to tech stocks, albeit with some idiosyncratic events, namely forced selling by large institutions like Three Arrows Capital,” he told CoinDesk in a written note. “There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the more important events in crypto’s recent history.” Original