“There are 2 types of #BTC miners.Those that offer Industrial utility support,grid stabilisation & are buying up excess energy on the cheap.Then there are energy harvesting miners that focus on methane capture & use the heat offtake to feed into low grade industrial processes.”
@fgthiel from @MarathonDH discussing #Bitcoin mining on recent Swan podcast episode.
Don’t forget the 3rd type Mr.Thiel…The Pleb miner who just wants to do their part by contributing miniscule hash rate to the most powerful decentralised sovereign financial technology ever.
CWM
ABitcoinGuy@BitcoinNostr.com
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“Do unto others and be done unto by them only by mutual agreement, keeping in mind how it will affect others” - The Bitcoin Rule.
Sometimes I feel like an ASICS miner hashing for the block reward as I’m scrolling through my social feed searching for parabolic bullish #Bitcoin news.
Different types of POW & rewards Anonymous🧡⚡️
Wouldn’t it be awesome if you could just press a ‘send’ button for #bitcoin over lightning without the current 2 step process of the recipient generating an invoice and then the sender making the payment with that invoice?
Can’t do that with FIAT.
Media FUD happens every cycle and #Bitcoin won’t die and keeps on appreciating in value. NoCoiners who aren’t curious about #Bitcoin at this stage…I don’t know Anon. It’s like you have access to the worlds knowledge and you choose to spend it watching mindless content
This will be the headline that starts off the FOMO for the NoCoiner🚀
#Bitcoin rockets passed All Time High with SEC approval of a spot #Bitcoin ETF
Think about it…if you own #bitcoin now, not only do you gain from its value appreciation through market price discovery, you also benefit by renting out your bits of data (#bitcoin ) to applications and businesses wanting to utilise and benefit from #BTC technology
The fact these guys are into #Bitcoin mining pools and names the company ‘Ocean’ says it all. That’s the soul we need more of in #Bitcoin
Paraphrasing @jack ‘s comments about the team at @ocean_mining at the ‘Bitcoin Mining Changes Forever’ conference.
The #BTC ASICS industry is very closed & secretive with details to their hardware components. It’s an oxymoron and completely opposite to the computer hardware industry in general.
@block release products that are true to The #Bitcoin ethos of open source culture. They want to build trust with clients & customers by explaining the thought & design process of their products, giving the user opportunity for further innovation & creation on top of it.
Thoughts inspired by panel at Oceans’23 Bitcoin Mining Changes Forever.
Anon, very interesting take that The #Bitcoin Lightning Network will have other layers built on it and in a few years time we will not use Lightning the way we use it now…
This is a terrible analogy but the onion packet (that consists of the hop data/payloads) that is routed along ⚡️ channels can be seen as a real life onion 🧅 used in cooking.
The 🧅 is an indispensable ingredient in many dishes & we can prep and serve it, in many different ways.
Anon, soon we will be able to access and use our #bitcoin on any device with an Internet connection.
Program your fridge to order your weekly groceries! Program your streaming services via streaming SATS! Pay your personal AI assistant!
The future is ₿right Orange Anon.
“people conflate #btc (the currency) with #BTC (the code and network running it). In terms of #btc , secrecy and property are core values. My keys and my coins are mine. In terms of #BTC , secrecy and proprietary code are toxic” - Roy.Sheinfeld, editor for @Breez_Tech
The #Bitcoin is the great paradox.
If your an investor because you believe the magic internet money is wizardry on par with Fire from the Gods, We Are The Same Anon🫡🧡⚡️.
The #Bitcoin is God-like technology. Previously only Gods could travel freely through space and time with all their stored energy and matter.
The #Bitcoin is FOSS (Free Open Source Software).
It’s not a good habit Anon, but I’m checking my ‘X’ feed constantly for #BTC Spot ETF news.
I daydream about all the possible scenarios. It really is a very exciting time for the community.
What will you do if there are ‘God candles’ or it’s all a big fat nothing burger?
Anticipation, preparation and participation.
To HODL your #bitcoin properly is a skill Anon.
Was explaining to my Mum, that currently she owns her #bitcoin and can only access it through her current app (mobile custodial wallet).
When she uses non-custodial she can access her SATS anywhere, anytime from any device.
That is the true power of #Bitcoin
The #Bitcoin block reward era ends at block 7,139,999.
What will the world look like Anon, when all the Network’s hash power is directed towards mining a single Satoshi?
Satoshi.Nakamoto is a genius and ranks up there with the greatest minds of our time. I like to believe that every possible scenario en route to #BTC becoming a dominant global monetary network, played out in Satoshi’s brilliant mind.He could foresee the unknowns of the unknowns.
Thought experiment:
What If the pseudonym Satoshi.Nakamoto (the myth, the legend) will mysteriously unlock the wallet containing the 1 million #Bitcoin and use it to create a new subsidy model for miners once the block subsidy is 0.
Bringing money into the file sharing environment will be the next era of disruption. It will remove the central platforms all together & directly connect creators & consumers.
@TheGuySwann comments on a piece by @brian_trollz titled ‘Durabit incentivising torrent seeding with #Bitcoin’
Interviewer: What would make you negative on #Bitcoin ?
@Breedlove22 : The unknown of the unknown.