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🔍 PoW Enthusiast | 🚀 Advancing Decentralization "Embracing Proof of Work (PoW) as Bitcoin's cornerstone, not a flaw. Championing PoW for its pivotal role in ensuring decentralized and autonomous validation of blockchain transactions." https://getalby.com/p/mssg
Proof-of-Work (PoW) and why it's important for Bitcoin, summarized in my own words: Proof-of-work forms the fundamental basis of the Bitcoin blockchain, serving as the essential mechanism for secure peer-to-peer transaction processing, eliminating the need for a centralized intermediary. This security, however, is balanced with increased energy consumption, a factor directly proportional to the network's size. The trade-off lies in having an inclusive and secure network accessible to individuals globally, transcending geographical and ethnic boundaries.It's noteworthy that over 60% of the energy utilized by miners is derived from renewable sources, significantly mitigating the environmental impact. Furthermore, the electricity demand for mining is flexible, allowing adjustments based on usage patterns and grid capacity. During peak periods, mining devices can be effortlessly deactivated, and during non-peak times, they absorb surplus electricity at favorable rates, benefiting both the power grid and ensuring profitability for mining companies. An additional positive aspect is the repurposing of heat generated by mining appliances, contributing to the heating of residential or industrial buildings.#Bitcoin #PoW #BitcoinMining #Energy #environment #learning image
GM //<3☕️ #plebs #plebchain #nostr #Bitcoin #Media #News Here is a collection of the most important mainstream media articles on the current Bitcoin run. - Financial Times: Bitcoin’s bounceback déjà vu https://www.ft.com/content/1222843b-ff71-4517-9e15-d643f8919cf0 - The New York Times: Bitcoin Soars on Hopes of Investment Fund Approval https://www.nytimes.com/2023/12/05/business/bitcoin-price-etf.html - The Wallstreet Journal: Bitcoin Price Tops $43,000 https://www.wsj.com/livecoverage/stock-market-today-dow-jones-12-05-2023/card/bitcoin-price-tops-43-000-SthbtKgmVwONg5MkGQGc - Reuters: Bitcoin rises 5% to $44,083 https://www.reuters.com/technology/bitcoin-rises-5-44083-2023-12-05/
Memes dumping | Block: 819695 Do you remember Kung Fu Panda? 🤣 #memes #photo #meme #havefun #fun #funny #grownostr #nostr #plebchain #Catstr #cats image
#Bitcoin #Governments #States #Plebchain #Nostr #Nostrgrow #Memes image
Here is something for the amateur botanists among us: Dendrocnide moroides aka the "Queensland Stinger" The Dendrocnide moroides, commonly known in Australia as the suicide plant, stinging tree, stinging bush, or gympie-gympie, is a plant in the nettle family Urticaceae found in rainforest areas of Malesia and Australia. It is notorious for its extremely painful and long-lasting sting. The plant is covered with hollow, hair-like, stinging needles that contain a powerful neurotoxin that causes excruciating pain. The extreme itching is so painful that it has been known to kill dogs and horses, and to even drive humans mad with agony. The gympie-gympie’s active compound, moroidin, is so persistent that it has been known to torture its victims for over a year if its stinging hairs are not removed from the skin. Even dry specimens, preserved for many decades, can still retain their powerful sting. The first thing you’ll feel is a really intense burning sensation and this grows over the next half hour, becoming more and more painful. Shortly after this, your joints may ache, and you might get swelling under your armpits, which can be almost as painful as the original sting. In severe cases, this can lead to shock, and even death. So yes, this plant is indeed dangerous for humans. It’s always best to avoid contact with. If contact does occur, it’s important to remove the stinging hairs from the skin as soon as possible to alleviate the symptoms. That sounds like a nasty little b******. 😱🤣 #Australia #Plant image
The #Bitcoin #Mempool explained: Mempool.space is a block explorer and mempool viewer for Bitcoin. The term "mempool" refers to the memory pool of unconfirmed transactions on the Bitcoin network. When a user initiates a Bitcoin transaction, it is broadcast to the network and enters the mempool, where it waits to be included in a block by a miner. Mempool.space provides a user-friendly interface to view the current state of the Bitcoin mempool. It shows information such as the number of unconfirmed transactions, the fees associated with transactions, and the estimated time it might take for a transaction to be confirmed based on the fee rate. Users, traders, and developers often use services like mempool.space to monitor the congestion in the Bitcoin mempool and adjust their transaction fees accordingly. Higher fees generally result in faster transaction confirmations because miners are incentivized to include transactions with higher fees in the blocks they mine. If you're looking to view mempool.space in a specific language, simply enter /en in the prompt field of your browser. EN: #learning #learningbitcoin #plebchain #nostr image