Tag: #CryptoCurrency
Anonymous vs. Pseudonymous
Bitcoin Genesis Block
Profitability Guide
Mining Profitability Guide
To calculate mining profitability, you should follow these steps, no matter which calculator you are using:
🔸️Be sure you know your GPU models and the Hash rates.
🔸️Be sure you know the algorithm of the coin.
🔸️Choose the exchange you plan to use for selling coins. This is necessary if you want more precise results.
🔸️Be sure you know your electricity cost.
You can find a list of calculators online that are used by miners, here:
https://bithouseco.home.blog/2021/09/12/mining-calculators/
🔹️ Be sure to keep track of what’s happening in the cryptocurrency world, if you aren’t doing so already. If a coin has problems, it will definitely affect the price and mining profitability, and may even prevent you from selling mined coins.
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Mining Calculators
How to Calculate Mining Profitability: Top 6 Mining Calculators
Before we can even start mining, we should use one of the many profitability calculators online, that should give us beforehand a better understanding if the GPU, FPGA, ASIC we choose to mine with, will be profitable or not!
🔹️ Online Calculators 🔹️
🔸️ WhatToMine
🔸️ Rubin Mining Calculator
🔸️ CoinWarz
🔸️ CryptoCompare
🔸️ Minerstat
🔸️ Crypto-Coinz
Before even entering sites to buy hardware, Do GOOD…
Do VERY GOOD your R&D
If you think reading is for dorks,nerds, geeks and boring people … Well…
WELCOME TO THE REALM OF THOSE WHO ❤ TO READ !!!
Made with 💚 by Free Spirit
✌ & 💚
- CBDC’s Tyranny Is ComingHow & Why You should Prepare Here are just a few examples of what that sort of total control may look like: Government in total control The government could not only withhold money … Continue reading CBDC’s Tyranny Is Coming
- 100 Based thingsHere is a list of 100 of the best based things: Trust is not based, and relying on trust is unbased. It is foolish to ever trust someone, because the only way to … Continue reading 100 Based things
- CypherPunk MovementTHE CYPHERPUNK MOVEMENT Let’s make a journey back in time to see where blockchain technology and cryptocurrencies came from. It will take us back to the CypherPunk Movement starting in the 1970’s. Cryptography … Continue reading CypherPunk Movement
- Block 170 – First ever bitcoin transactionThe first ever bitcoin transaction from one person to another, on 2009-01-12 at 04:30 used Pay-to-Public-Key (P2PK), when Satoshi Nakamoto sent coins to Hal Finney in Block 170. P2PK is no longer used … Continue reading Block 170 – First ever bitcoin transaction
- The Art of War QuotesThe Art of War (Chinese: 孫子兵法; lit. ‘Sun Tzu’s Military Method’, pinyin: Sūnzi bīngfǎ) is an ancient Chinese military treatise dating from the Late Spring and Autumn Period (roughly 5th century BC). The … Continue reading The Art of War Quotes
Bitmain Antminer S19 Pro
Model Antminer S19PRO 110Th from Bitmain mining SHA-256 algorithm with a maximum hashrate of 110 Th/s for a power consumption of 3250W.
🔹️ Specifications
Manufacturer:Bitmain
Model:Antminer S19Pro(110Th)
Release:May 2020
Size:195 x 290 x 370mm
Weight:13,200g
Noise level:75db
Fan(s):4
Power3250W
Voltage:12V
Interface:Ethernet
Temperature:5 - 40 °C
Humidity:5 - 95 %
🔹️ Minable coins :
Acoin (ACOIN) : SHA-256
Price : $0.01175
Curecoin (CURE): SHA-256
Price : $0.07039
JouleCoin (XJO):SHA-256
Price : $0.00399334
Peercoin (PPC) : SHA-256
Price : $1.04
BitcoinCash (BCH) : SHA-256
Price : $ 613.98
Bitcoin (BTC) : SHA-256
Price : $ 46,950.75
BitcoinSV (BSV) : SHA-256
Price : $156.70
e-Mark (DEM) : SHA-256
Price : $0.003777
Terracoin (TRC) : SHA-256
Price : $0.02785
*Coinmarket.com Prices from 26/08/2021.
🔹️ Mining pools:
SlushPool
slushpool.com
NiceHash
www.nicehash.com
Poolin
www.poolin.com
AntPool
www.antpool.com
ViaBTC
pool.viabtc.com
🔹️ Where to buy?
🔸️Vendors
BT-Miners
Price : $12,500
AsicMinerMarket
Price : $12,619.00
AKMiner
Price : $13,299
AsicMarketPlace
Price : $13,590
Miner Bros
Price : $14,099
Casa Miners
Price : $14,413
CoinMining Central
Price : $14,510
REWARD FORECAST FOR 1 S19PRO
🔹️ Revenue :
🔸️$ 38.49/Day
🔸️$ 1,047.82/Month
🔸️$ 14,048.22/Year
🔹️ Electricity :
🔸️-$ 3.90/Day
🔸️-$ 117.00/Month
🔸️-$ 1,423.50/Year
🔹️ Profit :
🔸️$ 34.20/Day
🔸️$ 1,026.10/Month
🔸️$ 12,484.23/Year
P.S - Need help choosing the right asic miner that's right for you?
Happy to be of service 🙂
Together we can work out any solution to the challenges you might face...
You can rest asure, you are in honest, dirty and tiresome hands of of a humble miner 🙂😉
Made with 💚 by Free Spirit
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Bitcoin Quotes
Bitcoin Quotes from around the World
“Bitcoin actually has the balance
and incentives right, and that is why
it is starting to take off. “
Julian Assange
Bitcoin has the balance and incentives right
” It isn’t obvious that the world had to work this way.
But somehow the universe smiles on encryption.”
Julian Assange
The universe smiles on encryption
” The innovation is that BTC is hard to shut down. […]
Designed from the ground up to survive under the most adversarial conditions. “
Hasu
Bitcoin is hard to shut down
” Bitcoin is the most successful privacy coin to date. “
Pierre Rochard
Most successful privacy coin to date
” Bitcoin is a mathematical miracle. “
Steve Wozniak (Apple Co-Founder)
Mathematical miracle
” Bitcoin is a technological innovation that happens once a species. “
Trace Mayer
Technological innovation that happens once in a species
” Bitcoin doesn’t care about who you are or what your feelings are.
Bitcoin represents equal opportunity
to participate in a system
not encumbered by
our legacy fiat structures. “
White Rabbit
Participate in a system not encumbered by FIAT
” We’re here to unfuck the money and there’s no stopping us.
Fix the money,
change the world. “
White Rabbit
Fix the Money, Change the World
” Hardly anybody actually
understands money. “
Nick Szabo
Nobody understands money
” When you have a disruptive technology,
they call it a category killer.
Bitcoin is a serial killer –
it’s going to go through
40 or 50 different industries. “
Dan Morehead
Bitcoin is a serial killer
” It’s 21 million or death.”
Robert Breedlove
21 million or death
” It might make sense just to get some in case it catches on. “
Satoshi Nakamoto
In case it catches on
” Trusted third parties
are security holes. “
Nick Szabo
Trusted third parties
” There are only going to be
21 million coins,
there are billions of people
in the world, some reasonable percentage of who might
find it interesting to
own a piece of Bitcoin.”
Adam Back
21 Million Coins
” I think it’s essential for a program of this nature to be open source. “
Satoshi Nakamoto
Open Source
” SHA-256 is very strong. It’s not like the incremental step from MD5 to SHA1.
It can last several decades unless there’s some massive breakthrough attack. “
Satoshi Nakamoto
Sha-256
” Code mixed with robust game theory is superior to hierarchical command and control. “
ℭoinsure
Code superior to hierarchical command and control
” Given that money is one half of every commercial transaction and that whole civilizations literally rise and fall based on the quality of their money, we are talking about an awesome power, one that flies under the cover of night. “
Ron Paul
Money… an awesome power
” The world has to adapt to bitcoin, not the other way round. “
Herzmeister
The world has to adapt to bitcoin
” When I first bought bitcoin it took me two years of speculation to understand what Bitcoin really was.
But once I fully had a grasp of it, it was life altering. “
Russell Okung
Bitcoin is life altering
” Many countries stand to gain from Bitcoin’s adoption as it would remove their dependence on the US dollar and provide them with a feasible alternative. “
Misir Mahmudov
Bitcoin a feasible alternative to the US $
” Bitcoin is a optimist bet on the future, a bet on human ingenuity.
Gold is a pessimist bet on the past and, often a bet the end of civilization. “
Rodolfo Novak
Bitcoin a bet on Human Ingenuity
” Everyone has got to believe in something.
Why not believe in something verifiable and unforgeable. “
Hass McCook
Believe in something verifiable and unforgeable
” Open source software is a meritocracy of ideas, not of people.
So people are always talking about “Who controls Bitcoin?”
Good ideas control Bitcoin.
Not people.”
Ben Prentice
Good ideeas control Bitcoin
“Bitcoin is a seed of hope in a society which lost vision years ago and perspective just recently. “
Kim Neunert
Bitcoin a seed of hope
” Bitcoin has an inescapable, unavoidable, and omnipotent magnetism for the brightest and most revolutionary minds on the planet.
I’ve never witnessed anything like it. “
Brandon Bridge
Bitcoin’s magnetism
” This is why proof of work needs to be expensive, if it is cheap you can roll back things easily.
You want it to be very difficult to change history.
The only way to make it difficult to change history is to make the process of writing the current history very expensive. “
Jimmy Song
Difficult to change history
” Bitcoin is like gold but with this magical ability that you
can teleport it.”
Vijay Boyapati
Bitcoin magical ability to teleport it
” Can Bitcoin be stopped?
“Not really, this thing is a beast.
As Mises wrote:
Ideas can only be overcome by other ideas. “
Trace Mayer
Bitcoin cannot be stopped
“I’m not here to fix Bitcoin.”
Michael Saylor
Fix bitcoin
” Buying bitcoin is the most powerful protest an individual can make against the current economic system. “
Luc Dossis
Buying bitcoin is the most powerful protest
” These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow.
And they strongly imply that brute-force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space. “
Bruce Schneier
Maximums that thermodynamics will allow
” Cryptocurrency is such a powerful concept that it can almost
overturn governments. “
Charles Lee
Cryptocurrency can almost overturn governments
” Bitcoin will do to banks what email did to the postal industry. “
Rick Falkvinge
Bitcoin is the email for the postal industry
” I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. “
Peter Thiel
Bitcoin has the potential to change the world
” Bitcoin is the most important invention in the history of the world since the Internet. “
Roger Ver
Bitcoin the most important invention in the history since the Internet
” Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. “
Jim Rickards
Bitcoin fits the bill as a way to preserve wealth
” You can’t stop things like Bitcoin.
It will be everywhere and the world will have to readjust.
World governments will have to readjust. “
John McAfee
Bitcoin will be everywhere and the world will have to readjust
” I think the fact that within the bitcoin universe an algorithm replaces the function of the government… is actually pretty cool. “
Al Gore
An algorithm replaces the function of government
“People have made fortunes off Bitcoin, some have lost money.
It is volatile, but people make money off of volatility too.”
Richard Branson
Some lost, some won with Bitcoin
” The ability to create something which is not duplicable in the digital world has enormous value…
Lot’s of people will build businesses on top of that. “
Eric Schmidt
Create something wich is not duplicable
“PayPal had these goals of creating a new currency.
We failed at that…
I think Bitcoin has succeeded on the level of a new currency, but the payment system is lacking.”
Peter Thiel
Bitcoin succeeded as a new currency
” As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies. “
John McAfee
Bitcoin devalues $ € ¥
” Bitcoin is the Currency of Resistance…
If Satoshi had released Bitcoin 10 years earlier, 9/11 would
never have happened. “
Max Keiser
Bitcoin the currency of resistance
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. “
Peter Diamandis
Bitcoin is a smart currency
“The internet is going to be one of
the major forces for reducing
the role of government.
One thing that’s missing but that
will soon be developed,
is a reliable e-cash.”
Milton Friedman
E-Cash
” Bitcoin is a technological
tour de force. “
Bill Gates
Tour de force
” If you don’t believe it or don’t get it,
I don’t have the time
to try to convince you,
sorry. “
Satoshi Nakamoto
Don’t have the time
“WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”
Satoshi Nakamoto
WikiLeaks
” Lost coins only make everyone
else’s coins worth slightly more.
Think of it as a donation to everyone.”
Satoshi Nakamoto
Lost Coins
” In a few decades when the reward gets too small, the transaction fee
will become the main compensation
for [mining] nodes.
I’m sure that in 20 years there
will either be very large transaction volume or no volume.”
Satoshi Nakamoto
Transaction fee
” As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant.
Thus, it is known in advance how many new bitcoins will be created every year in the future.
Coins have to get initially distributed somehow, and a constant rate seems like the best formula.”
Satoshi Nakamoto
Coins distribution at a constant rate is the best formula
” Bitcoin is the beginning of something great: a currency without
a government, something
necessary and imperative. “
Nassim Taleb
Bitcoin a currency without a government
” Those who believe in Bitcoin also believe in cleverness. “
Arif Naseem
Believe in bitcoin believe in cleverness
” Bitcoin is the most stellar and
most useful system of
mutual trust ever devised. “
Arif Naseem
Bitcoin a system of mutual trust
Cryptocurrency is freedom,
Banking is slavery. “
Arif Naseem
Cryptocurrency is freedom
” Our basic thesis for bitcoin is
that it is better than gold. “
Tyler Winklevoss
Bitcoin better than gold
” I think the whole narrative
of blockchain without bitcoin
will amount to very little. “
Fred Ehrsam
Blockchain without bitcoin
” Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments. “
Leon Louw
Bitcoin world’s most important developments
” Bitcoin is a very exciting development, it might lead to a world currency.
I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets. “
Kim Dotcom (CEO of MegaUpload)
Bitcoin might lead to a world currency
” Bitcoin may be the TCP/IP of money. “
Paul Buchheit (Creator of Gmail)
Bitcoin the TCP/IP of money
” We have elected to put our money and faith in a mathematical framework that is free of politics and human error. “
Tyler Winklevoss (Co-inventor of Facebook)
Mathematical framework free of politics and human error
” I really like Bitcoin.
I own Bitcoins.
It’s a store of value, a distributed ledger.
It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value.
It’s also a good investment vehicle if you have an appetite for risk.
But it won’t be a currency until volatility slows down. “
David Marcus (CEO of Paypal)
Bitcoin a store of value
” [Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system. “
Ben Bernanke (Chairman of the Federal Reserve)
Bitcoin may hold long-term promise
“There are 3 eras of currency: Commodity based, politically based, and now, math based. “
Chris Dixon (Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee)
Math based currency
” Bitcoin is here to stay.
There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency.
And I wouldn’t want to be on the receiving end of hacker fury. “
Adam Draper
Bitcoin is here to stay
” It’s money 2.0, a huge hugehuge deal. “
Chamath Palihapitiya (Previous head of AOL instant messenger)
Money 2.0
” If there is one positive takeaway from the collapse of Mt.Gox, it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds. “
Brian Armstrong (CEO of Coinbase)
Future of bitcoin
” Bitcoin seems to be a very promising idea.
I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker.
It is a very modern notion that exploits the power of the long tail. “
Hal Finney
Bitcoin a very promising idea…
” Bitcoin enables certain uses that are very unique.
I think it offers possibilities that no other currency allows.
For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself. “
Pieter Wuille
Bitcoin enables uses that are very unique
” At its core, bitcoin is a smart currency, designed by very forward-thinking engineers.
It eliminates the need for banks, gets rid of credit cardfees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things. “
Peter Diamandis
Good things
” There is so much potential…
I am just waiting for it to be a billion dollar industry.”
“ Wow, Silk Road actually works ”
Charlie Shrem
Silk Road actually works
- CBDC’s Tyranny Is ComingHow & Why You should Prepare Here are just a few examples of what that sort of total control may look like: Government in total control The government could not only withhold money … Continue reading CBDC’s Tyranny Is Coming
- 100 Based thingsHere is a list of 100 of the best based things: Trust is not based, and relying on trust is unbased. It is foolish to ever trust someone, because the only way to … Continue reading 100 Based things
- CypherPunk MovementTHE CYPHERPUNK MOVEMENT Let’s make a journey back in time to see where blockchain technology and cryptocurrencies came from. It will take us back to the CypherPunk Movement starting in the 1970’s. Cryptography … Continue reading CypherPunk Movement
- Block 170 – First ever bitcoin transactionThe first ever bitcoin transaction from one person to another, on 2009-01-12 at 04:30 used Pay-to-Public-Key (P2PK), when Satoshi Nakamoto sent coins to Hal Finney in Block 170. P2PK is no longer used … Continue reading Block 170 – First ever bitcoin transaction
- The Art of War QuotesThe Art of War (Chinese: 孫子兵法; lit. ‘Sun Tzu’s Military Method’, pinyin: Sūnzi bīngfǎ) is an ancient Chinese military treatise dating from the Late Spring and Autumn Period (roughly 5th century BC). The … Continue reading The Art of War Quotes
Bitcoin is independent from “crypto”
Bitcoin vs “Crypto“
The quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run is all what really matters.
For all of you out there, who believe that Bitcoin falls under the “crypto” umbrella, you could not be further from the truth.
“Crypto” is designated for the affinity scams that launched in Bitcoin’s shadow and attempted to leverage its pedigree and latch on to its narrative to sell useless tokens to unwitting noobs.
The scammers believe they can “beat” Bitcoin by providing a feature set and a “culture” more appealing to the masses and make individuals more likely to pick their favorite “crypto” over the best money humans have ever come in contact with.
As most people, these people couldn’t be more delusional.
The success of Bitcoin doesn’t depend on the “culture” of bitcoiners.
Bitcoin is a protocol that has no way of knowing the “culture” of its users.
If it is successful it will be used by many different people from many worldwide lands with very different cultures.
A cultural hold on a particular competitive landscape of social media doesn’t really impress no one at the end of the day.
What really matters is the quality of Bitcoin’s monetary policy and the public’s confidence that the policy will be respected in the long-run.
The best way to build confidence in that policy is to make the cost of attempting to change that policy, or falling out of line with the consensus rules of the network as high as possible.
Nothing in “crypto” comes close to Bitcoin in these regards, and that is because the Bitcoin network is slowly but surely integrating itself into the energy sector of the globe.
The execution risks associated with mining Bitcoin have become very high.
If a miner fucks up and falls out of consensus, they are punished materially by missing out on precious block reward payouts.
As the network becomes more integrated with the energy sector, these costs will rise and abiding by the monetary policy put forth by the network of full nodes will be paramount.
It happend in 2017 when the biggest corporate players and miners attempted to hard fork a block space increase that fell out of consensus with the full nodes on the network.
The unwillingness to follow consensus ruined reputations and lost a lot of miners a lot of money over the four years that have followed the hard fork.
This is the certainty for the people, that bitcoin is a suitable monetary good in the digital age.
All of “crypto” pretenters focused on speed, app building, and being less “energy intensive” have completely missed the plot and have relegated themselves to a hedonistic odd sand box filled with degenerate gamblers and low energy thinkers.
Bitcoin has already won because it has won the energy game.
This energy game is what will protect Bitcoin’s monetary policy in the long-run, being strongly incentivized by full nodes to do so.
Very few understand this and very few will ever understand that !!!
Bitcoin
₿
Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network.
The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. Most client software, derived or “from scratch”, also use open source licensing.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.
The currency began use in 2009 when its implementation was released as open-source software.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services, but the real-world value of the coins is extremely volatile.
Bitcoin is the first successful implementation of a distributed crypto-currency, described in part in 1998 by Wei Dai on the cypherpunks mailing list. Building upon the notion that money is any object, or any sort of record, accepted as payment for goods and services and repayment of debts in a given country or socio-economic context, Bitcoin is designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities.
Bitcoins have all the desirable properties of a money-like good. They are portable, durable, divisible, recognizable, fungible, scarce and difficult to counterfeit.
Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity (and thus carbon footprint) used by mining,
price volatility, and thefts from exchanges.
Some economists and commentators have characterized it as a speculative bubble at various times.
Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.
Research produced by the University of Cambridge estimated that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Why?
Bitcoin is P2P electronic cash that is valuable over legacy systems because of the monetary autonomy it brings to its users.
Bitcoin seeks to address the root problem with conventional currency: all the trust that’s required to make it work — Not that justified trust is a bad thing, but trust makes systems brittle, opaque, and costly to operate.
Trust failures result in systemic collapses, trust curation creates inequality and monopoly lock-in, and naturally arising trust choke-points can be abused to deny access to due process.
Through the use of cryptographic proof, decentralized networks and open source software Bitcoin minimizes and replaces these trust costs.
Bitcoin Transactions are:
- Permissionless and borderless. The software can be installed by anybody worldwide.
- Anonymous. Bitcoin does not require any ID to use making it suitable for the unbanked, the privacy-conscious, computers or people in areas with underdeveloped financial infrastructure.
- Private. When used with care bitcoin can support strong financial privacy.
- Censorship-resistant. Nobody is able to block or freeze a transaction of any amount.
- Fast. Transactions can be made almost as fast as data can travel over the Internet.
- Cheap. Fees can be very very low.Irreversible once settled, like cash. (but consumer protection is still possible.)
- Online and available 24 hours a day, 365 days per year.
Bitcoin can also be a store of value, some have said it is a “swiss bank account in your pocket”.
Stored Bitcoins:
- Cannot be printed or debased. Only 21 million bitcoins will ever exist.
- Have no storage costs. They take up no physical space regardless of amount.
- Are easy to protect and hide. Can be stored on a phone, computer, encrypted on a paper backup or memorized in your head.
- No counterparty risk. If you keep the private key of a bitcoin secret and the transaction has enough confirmations, then nobody can take them from you no matter for what reason, no matter how good the excuse, no matter what.
- Can be under divided possession with Multisignature. For example with a 2-of-3 multisig scheme there would be three private keys, of which any two is enough to spend the money. Those three keys can be spread anywhere, perhaps in multiple locations or known by multiple people. No other asset does this, for example you cannot hold gold coins under multisig.
What is Bitcoin?
A. Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
How does Bitcoin work?
A. Bitcoin uses public-key cryptography, peer-to-peer networking, and proof-of-work to process and verify payments. Bitcoins are sent (or signed over) from one address to another with each user potentially having many, many addresses. Each payment transaction is broadcast to the network and included in the blockchain so that the included bitcoins cannot be spent twice. After an hour or two, each transaction is locked in time by the massive amount of processing power that continues to extend the blockchain. Using these techniques, Bitcoin provides a fast and extremely reliable payment network that anyone can use.
Shared with 💚 by Free Spirit
✌ & 💚
- CBDC’s Tyranny Is ComingHow & Why You should Prepare Here are just a few examples of what that sort of total control may look like: Government in total control The government could not only withhold money … Continue reading CBDC’s Tyranny Is Coming
- 100 Based thingsHere is a list of 100 of the best based things: Trust is not based, and relying on trust is unbased. It is foolish to ever trust someone, because the only way to … Continue reading 100 Based things
- CypherPunk MovementTHE CYPHERPUNK MOVEMENT Let’s make a journey back in time to see where blockchain technology and cryptocurrencies came from. It will take us back to the CypherPunk Movement starting in the 1970’s. Cryptography … Continue reading CypherPunk Movement
- Block 170 – First ever bitcoin transactionThe first ever bitcoin transaction from one person to another, on 2009-01-12 at 04:30 used Pay-to-Public-Key (P2PK), when Satoshi Nakamoto sent coins to Hal Finney in Block 170. P2PK is no longer used … Continue reading Block 170 – First ever bitcoin transaction
- The Art of War QuotesThe Art of War (Chinese: 孫子兵法; lit. ‘Sun Tzu’s Military Method’, pinyin: Sūnzi bīngfǎ) is an ancient Chinese military treatise dating from the Late Spring and Autumn Period (roughly 5th century BC). The … Continue reading The Art of War Quotes
ASIC MANUFACTURERS
ASIC MINERS MANUFACTURERS 2021
🔹️ http://www.baikalminer.com/
🔹️ http://www.fusionsilicon.com/
🔹️ https://www.innosilicon.com/
🔹️ https://www.pandaminer.com/
To be updated in the future!
🔹️🔹️🔹️
Made with 💚 by Free Spirit
✌ & 💚
Asic Miners Vendors List
ASIC MINERS VENDORS LIST – 2021
https://51asic.ru/ Russian
https://akminer.com/ Chinese
https://www.antminerdistribution.com/ – Holland
https://asicmarketplace.com/ – Hong Kong
https://asicminermarket.com/ – China
https://bitcoinmerch.com/ – USA
https://www.bitmart.co.za/ – Zanzibar
https://blokforge.com/ – USA
https://bt-miners.com/ – USA
https://casaminers.com/en – Italy
https://coinminer.com/ – USA
https://coinminingcentral.com/ – England
https://cryptosupply.de/ – Germany
https://www.cryptouniverse.at/
https://www.cryptominerbros.com/
Satoshi Nakamoto bitcoin quotes
Vires In Numeris
Vires In Numeris
” It isn’t obvious that the world had to work this way.
But somehow the universe smiles on encryption.”
Julian Assange
Nobody yet knows for sure if the universe’s smile is genuine or not.
It is possible that our assumption of mathematical asymmetries is wrong and we find that P actually equals NP, or we find surprisingly quick solutions to specific problems which we currently assume to be hard.
If that should be the case, cryptography as we know it will cease to exist, and the implications would most likely change the world beyond recognition.
“Vires in Numeris”
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“Strength in Numbers”
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Vires in numeris is not only a catchy motto used by bitcoiners.
The realization that there is an unfathomable strength to be found in numbers is a profound one.
Understanding this, and the inversion of existing power balances which it enables changed my view of the world and the future which lies ahead of us.
One direct result of this is the fact that you don’t have to ask anyone for permission to participate in Bitcoin.
There is no page to sign up, no company in charge, no government agency to send application forms to.
Simply generate a large number and you are pretty much good to go.
The central authority of account creation is mathematics.
And God only knows who is in charge of that.
Bitcoin is built upon our best understanding of reality.
While there are still many open problems in physics, computer science, and mathematics, we are pretty sure about some things.
That there is an asymmetry between finding solutions and validating the correctness of these solutions is one such thing.
That computation needs energy is another one.
In other words: finding a needle in a haystack is harder than checking if the pointy thing in your hand is indeed a needle or not.
And finding the needle takes work.
The vastness of Bitcoin’s address space is truly mind-boggling.
The number of private keys even more so. It is fascinating how much of our modern world boils down to the improbability of finding a needle in an unfathomably large haystack.
I am now more aware of this fact than ever.
Bitcoin taught me that there is strength in numbers.
BitHouse 