Happy Children’s Day






Knowledge is…


Knowledge is Power !!!


WRONG !!!

Knowledge is Power
When Applied !!!


Apollo BTC – A Bitcoin ASIC Miner and Desktop Class Computer running a Full Node

Introducing the FutureBit Apollo BTC

Six CPU Cores. 44 ASIC Cores. 1TB NVMe Based SSD Drive. Quiet. Less than 200 Watts of Power. Made in the USA. This is what the Future of Bitcoin looks like. 

FutureBit Apollo BTC is the world’s first vertically integrated platform bringing the full power of Bitcoin and it’s mining infrastructure in a small, quiet, easy to use desktop device designed for everyday people. 

We have iterated and learned much from our first Apollo product. We realized early on that we focused too much on the mining aspect, and not enough on the software, applications, and services that run Bitcoin. Too many of these services have moved to online centralized websites, and many users have given up on running the core software that powers Bitcoin. 

This must change, as Bitcoin will not continue to be the free, un-censorable, decentralized system it is today if only a few control the mining that powers it, and the nodes that control it. 

At the heart of the new Apollo BTC product is a revamped SBC (Single Board Computer), that is as powerful as any consumer grade desktop system and can run almost any Bitcoin Application natively on the device 24/7. Take it out of the Box, plug it in, power it on, and you are already running a full Bitcoin node without needing to do anything.

Install a wallet of your choice, use any hardware wallet, run BTCPayServer, run a block explorer, run a Lightning Node. All of this is possible with our six core ARM based CPU with 4GB of RAM, and a 1TB NVMe drive that can easily store a FULL non pruned Bitcoin Node. It can power through a Full Node Sync in under 48 hours, which is a record for a device of its class! This is almost an order of magnitude faster than any Raspberry Pi 4 based Node. 

On top of this we have taken our 6 years of experience building ASIC mining devices, and engineered the only American Made TeraHash range Bitcoin mining device that can be silent on your desk, mine Bitcoin in the background 24/7, and only use the power of one light bulb to do it. 

We did this with our optimized PCB design that has carefully placed all 44 hash cores underneath our custom cold-forged aluminum induction heatsink, which draws up to 200 Watts of heat away from the device with our new nearly silent 25mm fan. This results in the Apollo BTC in Turbo Mode being just as quiet as the Apollo LTC in Eco Mode!

Like our previous products, we are super proud that we can continue manufacturing the Apollo BTC in the USA, and are now the only USA based company that delivers Bitcoin ASIC products with a supply chain whole owned in the western hemisphere (no more reliance on Chinese based ASICS, and their willingness to only sell to large farms and the highest bidder). 

OPTIONS

Full Apollo Package: This is our Full Package option that comes with everything you need in the box. The Apollo BTC Unit with our latest controller built in, and our 200W Power supply with power cable. 

Full Apollo Package NO Power Supply: We are also offering the Full Package with no power supply for people that want the plug-n-play experience but have spare 12v ATX power supply. 

Standard: This option is ONLY the Apollo ASIC Miner, with no controller or power supply. Our new hashboard has a micro USB port, and can be used as a USB device. The Full Apollo Node can control multiple standard units through its USB ports. We wanted to give our customers an option to expand their hash power in a cost effective way. If you already have a Raspberry Pi, or Linux/Windows Desktop Computer and a power supply with two PCIE power ports you can also control our Standard unit in this way with our stand alone miner software (please note this setup will be for more advanced users, and the software will be command line based on launch). 

Standard + Power Supply: Same as our Standard unit above, but comes with our 200W Power supply. This is a plug and play solution if you already have a Full Apollo Package. Take it out of the box, plug in the power supply, plug in the micro USB cable to the back of your Full Apollo BTC and it will automatically recognize the second hashboard and start mining! 

  • Compact All-In-One Desktop Bitcoin System (4x6x4in) that mines Bitcoin and any SHA256 based crypto (Bitcoin Cash etc). 
  • Powerful 6 ARM Core CPU with 4GB of LPDDR4 RAM and 1TB NVMe SSD (NOT included in the Standard or Standard + package). 
  • Comes Pre-Installed with a Bitcoin node, and you can install almost any Bitcoin Application
  • Very wide range of operation modes with preset ECO (quiet) mode, BALANCED, and TURBO mode. 
  • 2-3.8 TH/s of SHA256 performance per miner (+/- 5%)
  • 125 Watts in ECO mode, and 200 Watts in TURBO * +/- 10%
  • Can be used as a full Desktop computer with a monitor keyboard and mouse (not included), or through our Web UI
  • Connect almost any peripheral with our USB 3.0 ports, USB C port, HDMI, AC Wifi, and Bluetooth 
  • Clocks and Power is fully customizable by user with easy to use interface
  • Hashboard now monitors both voltage and power draw for accurate measurements*
  • Custom designed cold forged hexagonal pin heatsink with leading thermal performance for the quietest ASIC miner in operation!
  • 1k-5k RPM Quiet Dual Ball Bearing Fan with automatic thermal management with onboard temperature sensor
  • Controlled via local connection on a web browser similar to antminers. You can simply set it up via smartphone browser. No crazy driver installs, hard to use miner software or scripts needed.
  • Two Six Pin PCIE power connectors for wide-range of power draw
  • Custom Designed all Aluminum case
  • Ships with our own custom built 200W 94% efficient PSU and is ready to run out of the box! (Does NOT come with Standard package). 

 Requirements:

  • Router with an Ethernet cable for initial setup OR Monitor with keyboard and mouse
  • At least a 250 watt 12v power supply with two 6 Pin PCIE connector is required (unless you order our packages that come with our power supply). This is the same connector used by all modern GPUs. Please note even standard units NEED a power supply, they cant be powered through the USB port on the full package unit. 

As I am the owner of two of these beauties, that I have on my office as you saw in the photo above, I took the liberty to make Free-Publicity for the FutureBit Apollo Btc Miner.


Kudos to jstefanop


Source:

https://www.futurebit.io/





With 💚

Trilemma of International Finance

Trilemma of International Finance

The relative value of any two curren-
cies—the exchange rate—is determined
through their sale and purchase on the global foreign exchange market. If government policy interferes with this market by changing the relative supply or demand of currencies, the exchange rate is managed.

The trilemma of international finance, is a restriction on government policy that follows immediately from the interaction of exchange rates, monetary policy and international capital flows.


Trilemma of International Finance

The trilemma states that any country can have only two of the following:

  • (1) Unrestricted international capital markets.
  • (2) A managed exchange rate.
  • (3) An independent monetary policy.

If the government wants a managed exchange rate but does not want to interfere
with international capital flows, it must use
monetary policy to accommodate changes
in the demand for its currency in order to
stabilize the exchange rate.

In the extreme, this would take the form of a currency board arrangement, where the domestic currency is fully backed by a foreign currency (as in the case of Hong Kong).

In such a situation, monetary policy can no longer be used for domestic purposes (it is no longer independent).

If a country wishes to maintain control over monetary policy to reduce domestic unemployment or inflation, for example, it must limit trades of its currency in the international capital market (it no longer has free international capital markets).

A country that chooses to have both unrestricted inter-national capital flows and an independent monetary policy can no longer influence its exchange rate and, therefore, cannot have a managed exchange rate.



Pieters and Vivanco (2016), government
attempts to regulate the globally accessible
bitcoin markets are generally unsuccessful,
and, as shown in Pieters (2016), bitcoin exchange rates tend to reflect the
market, not official exchange rates.

Should the flows allowed by bitcoin become big enough, all countries will have, by default, unrestricted international capital markets.

Thus, with bitcoin, (1) unrestricted
international capital markets is chosen by
default.

Therefore, the only remaining policy choice is between (2) managed exchange rates or (3) independent monetary policy.

If the country chooses (1) and (2), it must use reactive monetary policy to achieve the managed exchange rate.

If the country chooses (1) and (3), it must have a floating exchange rate because it has no remaining tools with which to maintain a managed exchange rate.

Ali et al. (2014), the European Central
Bank (2015) and the Bank for International
Settlements (2015) all concur that cryptocur-
rencies may eventually undermine monetary policy.





With 💚

Au – 💲 – ₿



Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form.

Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions.

Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element  silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite.

Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

A relatively rare element, gold is a precious metal that has been used for coinage,  jewelry, and other arts throughout recorded history.

In the past, a gold standard was often implemented as a monetary policy.

Still, gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971.

As of 2017, the world’s largest gold producer by far was China, with 440 tonnes per year.

A total of around 201,296 tonnes of gold exists above ground, as of 2020. This is equal to a cube with each side measuring roughly 21.7 meters (71 ft).

Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use).

The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry.

Gold is also used in infrared shielding,  colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.



F I A T


Fiat money (from Latinfiat“let it be done”) is a type of money that is not backed by any commodity such as gold or silver, and typically declared by a decree from the government to be legal tender.

Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally established by government regulation.

Yuan dynasty banknotes are a
medieval form of fiat money

Fiat money does not have intrinsic value  and does not have use value. It has value only because the people who use it as a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people.

Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains a precious metal such as gold or silver which is embedded in the coin.

Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted into a precious metal or another commodity.

Fiat money can look similar to representative money (such as paper bills), but the former has no backing, while the latter represents a claim on a commodity (which can be redeemed to a greater or lesser extent).

Government-issued fiat money  banknotes  were used first during the 11th century in China.

Fiat money started to predominate during the 20th century.

Since President Richard Nixon‘s decision to default on the US dollar convertibility to gold in 1971, a system of national fiat currencies has been used globally.

Fiat money can be:

  • Any money that is not backed by a commodity.
  • Money declared by a person, institution or government to be legal tender, meaning that it must be accepted in payment of a debt in specific circumstances.
  • State-issued money which is neither convertible through a central bank to anything else nor fixed in value in terms of any objective standard.
  • Money used because of government decree.
  • An otherwise non-valuable object that serves as a medium of exchange (also known as fiduciary money.)

The term fiat derives from the Latin word  fiat, meaning “let it be done” used in the sense of an order, decree or resolution.


Bitcoin – Digital Gold

The most common, and best, ways to think about bitcoin is as “digital gold”.

Like gold, bitcoin doesn’t rely on a central issuer, can’t have its supply manipulated by any authority, and has fundamental properties long considered important for a monetary good and store of value.

Unlike gold, bitcoin is extremely easy and cheap to “transport”, and trivial to verify its authenticity.

Bitcoin is also “programmable”. This means custody of bitcoin can be extremely flexible. It can be split amongst a set of people (“key holders”), backed up and encrypted, or even frozen-in-place until a certain date in the future. This is all done without a central authority managing the process.

You can walk across a national border with bitcoin “stored” in your head by memorizing a key.

The similarities to gold, plus the unique features possible because bitcoin is purely digital, give it the “digital gold” moniker.

Sharing fundamental properties with gold means it shares use-cases with gold, such as hedging inflation and political uncertainty.

But being digital, bitcoin adds capabilities that are especially relevant in our modern electronic times.

The world does indeed need a digital version of gold.


People’s Money



With 💚

ASICs vs. SuperComputers

Asics
SuperComputers

ASICs vs Supercomputers


Assigning the most powerful supercomputer to mine bitcoin would be comparable to hiring a grandmaster chess player to move a pile of bricks by hand.

The job would get done eventually but the chess player is much better at thinking and playing chess than exerting energy to repetitively move bricks. 

Likewise, combining the computing power of the most powerful supercomputers in the world and using them to mine bitcoin would essentially be pointless when compared to the ASIC machines used today.

ASICs are designed to do one thing as quickly and efficiently as possible, whereas a supercomputer is designed to do complicated tasks or math problems.

Since Bitcoin mining is a lottery based on random trial and error rather than complex math, specialization (ASICs) beats general excellence (supercomputers) everytime.


End of Lesson !!!



Made with 💚 by Free Spirit

✌ & 💚



With 💚

P.O.W In Human History


Proof Of Work

in the

History of Humankind


Great Pyramid of Giza (a.k.a)
Pyramid of Khu
Egypt

The Great Pyramid of Giza (also known as the Pyramid of Khufu or the Pyramid of Cheops) is the oldest and largest of the  pyramids in the Giza pyramid complex  bordering present-day Giza  in Greater Cairo, Egypt.

It is the oldest of the Seven Wonders of the Ancient World, and the only one to remain largely intact.

Egyptologists conclude that the pyramid was built as a tomb for the Fourth Dynasty  Egyptian pharaoh Khufu and estimate that it was built in the 26th century BC during a period of around 27 years.

Initially standing at 146.5 metres (481 feet), the Great Pyramid was the tallest man-made structure in the world for more than 3,800 years.

Over time, most of the smooth white limestone casing was removed, which lowered the pyramid’s height to the present 138.5 metres (454.4 ft).

What is seen today is the underlying core structure. The base was measured to be about 230.3 metres (755.6 ft) square, giving a volume of roughly 2.6 million cubic metres (92 million cubic feet), which includes an internal hillock.

The dimensions of the pyramid were 280 royal cubits (146.7 m; 481.4 ft) high, a base length of 440 cubits (230.6 m; 756.4 ft), with a seked of 5+1/2 palms (a slope of 51°50’40”).

The Great Pyramid was built by quarrying an estimated 2.3 million large blocks weighing 6 million tonnes total.

The majority of stones are not uniform in size or shape and are only roughly dressed.The outside layers were bound together by mortar.

Primarily local limestone from the Giza Plateau was used. Other blocks were imported by boat down the Nile: White limestone from Tura for the casing, and granite blocks from Aswan, weighing up to 80 tonnes, for the King’s Chamber structure.

There are three known chambers inside the Great Pyramid. The lowest was cut into the bedrock, upon which the pyramid was built, but remained unfinished. The so-called Queen’s Chamber and King’s Chamber, that contains a granite sarcophagus, are higher up, within the pyramid structure. Khufu’s vizier, Hemiunu (also called Hemon), is believed by some to be the architect of the Great Pyramid.

Many varying scientific and alternative hypotheses attempt to explain the exact construction techniques.

The funerary complex around the pyramid consisted of two mortuary temples  connected by a causeway (one close to the pyramid and one near the Nile), tombs for the immediate family and court of Khufu, including three smaller pyramids for Khufu’s wives, an even smaller “satellite pyramid” and five buried solar barges.


Flavian Amphitheatre
a.k.a Colloseum
Rome – Italy

The Colosseum (Colosseo[kolosˈsɛːo]) is an oval amphitheatre in the centre of the city of Rome, Italy, just east of the Roman Forum.

It is the largest ancient amphitheatre ever built, and is still the largest standing amphitheatre in the world today, despite its age.

Construction began under the emperor Vespasian (r. 69–79 AD) in 72 and was completed in 80 AD under his successor and heir, Titus (r. 79–81).

Further modifications were made during the reign of Domitian (r. 81–96).

The three emperors that were patrons of the work are known as the Flavian dynasty, and the amphitheatre was named the Flavian Amphitheatre (Latin: Amphitheatrum Flavium; Italian: Anfiteatro Flavio[aɱfiteˈaːtro ˈflaːvjo]) by later classicists and  archaeologists for its association with their family name (Flavius).

The Colosseum is built of travertine limestone, tuff (volcanic rock), and brick-faced concrete.

The Colosseum could hold an estimated 50,000 to 80,000 spectators at various points in its history  having an average audience of some 65,000; it was used for gladiatorial  contests and  public spectacles including  animal hunts, executions, re-enactments of famous battles, and dramas based on Roman mythology, and briefly mock sea battles.

The building ceased to be used for entertainment in the early medieval era.

It was later reused for such purposes as housing, workshops, quarters for a religious order, a fortress, a quarry, and a Christian shrine.

Although substantially ruined because of earthquakes and stone-robbers (for spolia), the Colosseum is still an iconic symbol of Imperial Rome and was listed as one of the New 7 Wonders of the World.

It is one of Rome’s most popular tourist attractions and also has links to the Roman Catholic Church, as each Good Friday  the Pope leads a torchlit “Way of the Cross” procession that starts in the area around the Colosseum.

The Colosseum is also depicted on the Italian version of the five-cent euro coin.


The Ming dynasty
Great Wall
at Jinshanling

The Great Wall of China (traditional Chinese: 萬里長城; simplified Chinese: 万里长城; pinyinWànlǐ Chángchéng) is a series of fortifications that were built across the historical northern borders of ancient Chinese states and Imperial China as protection against various nomadic groups from the Eurasian Steppe.

Several walls were built from as early as the 7th century BC,with selective stretches later joined together by Qin Shi Huang  (220–206 BC), the first emperor of China.

Little of the Qin wall remains. Later on, many successive dynasties built and maintained multiple stretches of border walls. The best-known sections of the wall were built by the Ming dynasty (1368–1644).

Apart from defense, other purposes of the Great Wall have included border controls, allowing the imposition of duties on goods transported along the Silk Road, regulation or encouragement of trade and the control of immigration and emigration.

Furthermore, the defensive characteristics of the Great Wall were enhanced by the construction of watchtowers, troop barracks, garrison stations, signaling capabilities through the means of smoke or fire, and the fact that the path of the Great Wall also served as a transportation corridor.

The frontier walls built by different dynasties have multiple courses. Collectively, they stretch from Liaodong in the east to Lop Lake in the west, from the present-day Sino–Russian border in the north to Tao River (Taohe) in the south; along an arc that roughly delineates the edge of the Mongolian steppe; spanning 21,196.18 km (13,170.70 mi) in total.

Today, the defensive system of the Great Wall is generally recognized as one of the most impressive architectural feats in history.


As history has left behind, monumental architectural constructions that we can admire and reamain in awe as we look at them, after thousands of years since the first stone was put, in today’s world our digital PoW can be seen and admired the same as the Great Wall of China or the Piramid of Giza !!!

Wich brings us to the question, what is Free talking about ?!?


Long Live the CypherPunks

CypherPunks Write Code

Genesis

Bitcoin Genesis Block
Mined 03 January 2009

The Times
January 3, 2009

Bitcoin – Proof Of Work


Bitcoin-type Proof Of Work


In 2009, the Bitcoin network went online. Bitcoin is a proof-of-work digital currency that, like Finney’s RPoW, is also based on the Hashcash PoW.

But in Bitcoin, double-spend protection is provided by a decentralized P2P protocol for tracking transfers of coins, rather than the hardware trusted computing function used by RPoW.

Bitcoin has better trustworthiness because it is protected by computation. Bitcoins are “mined” using the Hashcash proof-of-work function by individual miners and verified by the decentralized nodes in the P2P bitcoin network.

The difficulty is periodically adjusted to keep the block time around a target time.

Since the creation of Bitcoin, proof-of-work has been the predominant design of peer-to-peer cryptocurrency. Studies have estimated the total energy consumption of cryptocurrency mining.

The PoW mechanism requires a vast amount of computing resources, which consume a significant amount of electricity. Recent estimates from the University of Cambridge put Bitcoin’s energy consumption as equal to that of Switzerland.

History modification

Each block that is added to the blockchain, starting with the block containing a given transaction, is called a confirmation of that transaction.

Ideally, merchants and services that receive payment in the cryptocurrency should wait for at least one confirmation to be distributed over the network, before assuming that the payment was done.

The more confirmations that the merchant waits for, the more difficult it is for an attacker to successfully reverse the transaction in a blockchain—unless the attacker controls more than half the total network power, in which case it is called a 51% attack.

2ASICs and mining pools

Within the Bitcoin community there are groups working together in mining pools.

Some miners use application-specific integrated circuits (ASICs) for PoW. This trend toward mining pools and specialized ASICs has made mining some cryptocurrencies economically infeasible for most players without access to the latest ASICs, nearby sources of inexpensive energy, or other special advantages.

Some PoWs claim to be ASIC-resistant,  i.e. to limit the efficiency gain that an ASIC can have over commodity hardware, like a GPU, to be well under an order of magnitude.

ASIC resistance has the advantage of keeping mining economically feasible on commodity hardware, but also contributes to the corresponding risk that an attacker can briefly rent access to a large amount of unspecialized commodity processing power to launch a 51% attack against a cryptocurrency.


Plant the Seed
The choice is Yours

Choose Wisely
The Choice is Yours




With 💚


Veritas … In pictures…



Gold is Money…

Uni-Verse

Success



Genes that erase memories

Researches can erase painful memories from the brain


Pokemon Go users give away all privacy rights




Compounding Interest






Play the role of a fool…

Occult – Anatomy

20 Fastest Growing + Declining Jobs

Causes and Effects of Inflation

The History of Logistics

SSG 16.9 – Legal Identity for all

Scientists call for Protection from Non-Ionizing Electromagnetic Field Exposure

Protest’s are Illegal and punished with Jail Time in a “Free” Society !!!?¿!!!

Human Value Chain

Opposition to the use of Blockchain Identity – Part 1

Opposition to the use of Blockchain Identity – Part 2

Human Capital Performance Bond

Strategies for Investing in Undervalued Human Capital

U.S Army TRADOC G-2

Digitizing Government-to-Person (G2P) Payments

Will be Always Updated !!!


Made with 💚 by Free Spirit

✌ & 💚


Bitcoin Mining – Where the Profitable Future Lies



The Times – January 3, 2009

Bitcoin Genesis Block
Mined 03 January 2009

Cypherpunks Write Code

CODE IS LAW
THE SOONER HUMANKIND ACCEPTS IT,
THE SOONER IT CAN BUILD AROUND IT

Yeah.. I wonder Why 😂


Bitcoin made easy

How a Bitcoin transaction works

A humble Miner


How Bitcoin Mining Works

Mining Difficulty

Bitcoin Halving

Bitcoin Previous Halvings

Pools

Bitcoin Wallets

Bitcoin Stakeholders

Bitcoin Facts

Power to the People

Totalitarian Governments can kiss my 256-bit key

Bitcoin – People’s Money

Bitcoin cannot be Shut Down


The power of the long tail…



Central Bank’s 3 Strategies

F**k them, Enough !!!



Upcoming Smart Contracts Networks

Bitcoin Yearly Candles

Bitcoin Price History – Log Scale

Bitcoin Mining Ecosystem Map

Defi Ecosystem in Ethereum

DeFi Stack: Product& Application View

Syscoin Ecosystem


Syscoin

BSC Ecosystem

Popular Cryptocurrency

Crpto Ecosystem

Public Companies that own Bitcoin

Top Banks investing in Crypto

Bitcoin Inflation vs. Time

When you’re Ready…



Choose Wisely

Make bitcoin thrive, let fiat become humus…



Veritas non Auctoritas
Facit Legem

Most people misunderstand what bitcoin miners actually do, and as a result they don’t fully grasp the level of security provided by bitcoin’s hashrate.

In this article, we’ll explain proof of work in a non-technical way so that you’ll be able to counter the misinformation about supercomputers and quantum computers attacking the Bitcoin network in the future. 

Simply put, mining is a lottery to create new blocks in the Bitcoin blockchain. There are two main purposes for mining:

  1. To permanently add transactions to the blockchain without the permission of any entity.
  2. To fairly distribute the 21 million bitcoin supply by rewarding new coins to miners who spend real world resources (i.e. electricity) to secure the network.

To understand what is actually happening in this lottery system, let’s look at a simple analogy where every Bitcoin hash is equivalent to a dice roll.


Luck, Gambling, and SHA-256


Imagine that miners in the Bitcoin Network are all individuals gambling at a casino. In this example, each of these gamblers have a 1000 sided dice. They roll their die as quickly as possible, trying to get a number less than 10. Statistically, this may take a very long time, but as more gamblers join the game, the time it takes to hit a number less than 10 gets reduced. In short, more gamblers equals quicker rounds.

Once somebody successfully rolls a number less than 10, all gamblers at the table can look down and verify the number. This lucky gambler takes the prize money and the next round begins.

Ultimately, the process of mining bitcoin is very similar. All miners on the network are using Application Specific Integrated Circuits (ASICs), which are specialized computers designed to compute hashes as quickly as possible.

To “compute a hash” simply means plugging any random input into a mathematical function and producing an output.

More hashes per second (i.e. higher hashrate) is equivalent to more dice rolls per second, and thus a greater probability of success.

Miners propose a potential Bitcoin block of transactions, and use this for an input. The block is plugged into the SHA256 hash function which yields a fixed-sized output, known as a hash. A single hash can be computed in less than a millisecond, as it involves no complex math.

If the hash value is lower than the Bitcoin Network difficulty, then the miner who proposed the block wins. If not, then the miner continues trying by computing more hashes.

The successful miner’s block is then added to the blockchain, the miner is rewarded with newly issued bitcoin for their work, and the “next round” begins.


Sources :

https://wikipedia.com/

https://braiins.com/

https://blockdata.com/

https://coin98analytics.com/

https://scoopwhoop.com/

https://stakingrewards.com/

https://syscoin.org/

https://galaxydigitalresearch.com/

https://surveycrest.com/

The Times

The Economist

"Internet of Money" - Andreas Antonopoulus

Hal Finney Quotes

Timothy C. May Quote

Free Spirit Digital Art

!°! If I forgot someone, sorry ! Do tell and I'll add you as a source of inspiration on the list !!! Thanks for understanding !!!


Questions, opinions, critics and requests always welcomed and as time allows will be accomodated !!! 🤓 🙂 😉


Did you find this article helpful?

If so, please consider a donation to help the evolution and development of more helpful articles in the future, and show your support for alternative articles.

Your generosity is 💚 ly appreciated

You can donate in any crypto your 💚 desires 😊

Thank you all for your time !!!

✌ & 💚


Bitcoin (BTC) :

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


LiteCoin(LTC) :

LYAdiSpsTJ36EWCJ5HF9EGy9iWGCwoLhed


Ethereum(ETH) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


EthereumClassic(ETC) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Cardano(ADA) :

addr1q88c5cccnrqy6xesszzvf7rd4tcz87klt0m0h6uvltywqe8txwmsrrqdnpq27594tyn9vz59zv0n8367lvyc2atvrzvqlvdm9d


BinanceCoin(BNB) :

bnb1wwfnkzs34knsrv2g026t458l0mwp5a3tykeylx


BitcoinCash (BCH)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


Bitcoin SV (BSV)

1P1tTNFGRZabK65RhqQxVmcMDHQeRX9dJJ


ZCash(ZEC) :

t1fSSQX4gEhove9ngcvFafQaMPq5dtNNsNF


Dash(DASH) :

XcWmbFw1VmxEPxvF9CWdjzKXwPyDTrbMwj


Shiba(SHIB) :

0x602e8Ca3984943cef57850BBD58b5D0A6677D856


Tron(TRX) :

TCsJJkqt9xk1QZWQ8HqZHnqexR15TEowk8


Stellar(XLM) :

GBL4UKPHP2SXZ6Y3PRF3VRI5TLBL6XFUABZCZC7S7KWNSBKCIBGQ2Y54


A world where anything is possible…
The choice is yours People !!!


With 💚

The other 6 Billion

Free Spirit’s Wondering…

Some moments of my online wondering…

R&D, wisdom, knowledge, curiosities, answers and many more questions 🙂🤣🙃




You have a Choice !!!

Power to the People !!!
Wake the F… Up !!!
No more excuses, you have a choice now !!!

WHO as in WORLD HEALTH ORGANISATION

P F I Z E R  Insider

Poem of the Legacy

Being Curious…

Of course it doesn’t comply…

The Problem with centralized Social-Media

10 Principles of Strategic Leadership

Global Reserve Currency

Psychology of a Market Cycle


Success

Triangle of Success



Be like a Tree…

If anyone understands this please enlighten me too 😊🤭🤗

http://www.revelationtimelinedecoded.com

ESG

For those that think WE are the Center of the Universe 🤣😅😂

Confident vs. Insecure People

Day by day…

Managing Complex Change

The Cone of Learning

The Hero’s Journey

Electromagnetic Field of the Heart

I-Ching

Language creates Reality

Sex Organs of the Machine World


Philosopher’s Stone

Isaac Newton

Abracadabra

Singularity

Multi-Mind Thought Control Process
APPLE INC.

Retrocausality

CERN


EGO

SYSCOIN ECOSYSTEM


JagStein

SysCoin

Bitcoin might bury FIAT 🙂 🤭 🙃

DEFI Ecosystem on Ethereum

DeFi Stack


Bitcoin Mining Ecosystem Map

…the other 6 Billion

bitcoin

This is about the other 6 Billion…

Top NFT Projects



Defender of the Flower

Flower of Life

Sacred Geometry

Seed & Flower of Life

Knowledge – An Antidote to Fear

JOIN THE REVOLUTION 😋 🤣 😋

Emotion – Judgement – Action

…violent recolution inevitable.

E S B I

Every generation…

LOVE YOUR RAGE
NOT YOUR CAGE

Revolution

The Times – January 3, 2009

REVOLUTION

Bitcoin Genesis Block – 03 January 2009

Introduction to Bitcoin

Introduction to Decentralized Finance

Introduction to Digital Currencies










All Metals We Mined

Map to Multiplication
Nikola Tesla

Top VC’s Investing in BlockChain Companies

Athmospheres of the Solar System

Global GDP 2021

Map of CyberSecurity Domains

21 Questions

Six Innovation Models

What May Happen in the next 100 Years

Abstract – “…to pull the body out
of dimension so that the person
can walk through solid objects
such as wooden doors.”
Okay 🤯 😳 🤯 ?¿?

China’s Social Credit System

Blockchain Platforms Comparison (BCP)


ARISE



With 💚

Bitcoin/Crypto Wallet types

Choose the wallet that better suits You

You may choose a wallet based on what best suits your needs. we will explore various
types of wallets and clients:

• Web
• Desktop
• Mobile
• Hardware
• Paper (Not Secure Anymore)

Wallets and clients can be chosen based on a number of criteria:

  • How much bitcoin is being used / stored
  • IT proficiency (beginner vs. expert)
  • Type of device
  • Occasional use vs. everyday use
  • Security and privacy concerns
  • Cryptocurrencies being used
  • Type and complexity of transactions

Find the wallet that’s right for you:


https://bitcoin.org/en/choose-your-wallet

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BitHouse with 💚

DEX Aggregators 2022

Top DEX Aggregators

Decentralized exchange (DEX) aggregators, also known as liquidity aggregators, compile the exchange rates of numerous DEX platforms and show you a list of platforms offering the best value for your crypto trades.

Moreover, you can access a deeper pool of liquidity by trading on multiple DEXs using a single trading dashboard. Think of them as the search engines of the DeFi landscape, scouring DEXs for the best deals so that you can swap your crypto assets with the lowest fees.

1Inch

Although it is a DEX in its own right, 1Inch’s main USP is its position as a top DEX aggregator across multiple blockchains. The network supports trades across major ecosystems like Ethereum and Binance and smaller networks like Polygon, Arbitrum, and Optimism.

As an aggregator, 1Inch gives you access to over 120 liquidity sources, with 68 on Ethereum, 39 on Binance, and 24 on Polygon. With daily trading volumes averaging close to $300 million from 300,000+ active users, it is one of the most active DEX aggregators in 2021.

The native token of the 1Inch DEX is also called 1INCH. It functions as both a utility token and a governance token for the protocol. 1INCH is a multi-chain token available on the Ethereum and Binance Smart Chain.

1Inch is one of the best DEX aggregators for crypto rookies, with detailed documentation and a well-developed Help Center filled with starter guides, FAQs, and more.



Slingshot

Slingshot grew out of DEX.AG, a DEX aggregator platform created in late 2018 as part of a hackathon event. At its launch, it supported seven major DEX, including Uniswap, Kyber, and DDEX.

After million-dollar funding rounds, DEX.AG was rebranded as Slingshot in November 2020. Slingshot works on Ethereum-based protocols – Polygon (formerly MATIC) and Arbitrum One. Across the two, you get access to over 326 exchanges/liquidity sources.

Slingshot is a very popular choice among experienced cryptocurrency traders due to its relative simplicity and advanced functionality. The average daily volumes touching over half a billion dollars is a testament to the platform’s popularity.

However, due to a threadbare interface and lack of easily accessible website FAQs, guides, and documentation, Slingshot is not a very beginner-friendly DEX platform.



Totle Swap

Totle is a DEX aggregator that also dips into synthetic asset providers, allowing traders to engage with tokenized assets of many shapes and sizes. Unfortunately, the platform seems to be dormant, with no updates since mid-2021 and a lack of stats on any major crypto platform.


ParaSwap

ParaSwap is a versatile DEX aggregator supporting Ethereum, Binance, Polygon, and Avalanche blockchains. In addition, it has a native token for liquidity and governance purposes called the PSP.

While it is one of the more feature-packed and beginner-friendly DEX aggregators, ParaSwap is still in the growth phase. In 2021, the platform reported 1.4 million total users over time, with daily transaction volumes peaking around $150 million.

ParaSwap allows you access to swap and payment options across 75 DEX platforms, focusing on better market rates and cheaper gas fees. In addition, decentralized applications (dApps) can also integrate with ParaSwap to better streamline token swaps.


Matcha

Like 1Inch and Slingshot, Matcha is both a DEX aggregator and a decentralized exchange in itself. Powered by 0x Labs, the platform focuses on transparency, lower fees, smart order routing, and easier access.

Thanks to a recent partnership with MoonPay, Matcha can now accept payments in fiat currencies, a first for DEX platforms. This could be very useful for newcomers – you can directly purchase cryptos using regular currency on Matcha and start trading immediately.

Matcha provides access to over 50 liquidity sources and DEX platforms across three blockchain systems – Ethereum, Binance, and Polygon. Despite being one of the younger platforms on this list (launched in 2020), Matcha boasts over 2.5k daily traders. Its daily volumes are close to $150 million.


Uniswap V3

Uniswap is a DEX platform based on the Automated Marker Maker (AMM) model. After its launch in November 2018, the DEX has seen a meteoric rise among crypto circles. As of Q4 2021, it routinely tops the charts of DEX platforms with the largest daily volumes with $5.5 billion.

The platform is currently in its third iteration – Uniswap V3. Based on the Ethereum Blockchain, Uniswap gives you access to over 50 liquidity pools, with 285 cryptocurrencies across more than 350 markets. The USDC-ETH pair alone accounts for over $1.8 billion worth of trades each day.

While not a DEX aggregator per se, Uniswap is still a great option to consider due to its sheer size and reach. Most of the other aggregators on this list have Uniswap as a major partner and source of trading options.


PancakeSwap

PancakeSwap launched in 2020 to work like Uniswap, but on the Binance Smart Chain instead of Ethereum. Like Uniswap, PancakeSwap is a DEX platform with an AMM operating model, with an additional focus on yield farming based on the native CAKE token.

Regardless of the sweet and syrupy “cake” theme, PancakeSwap is a major force on the DeFi scene, thanks to the sheer size of the Binance blockchain. It easily slots into the top three most active DEX platforms, with daily volumes exceeding $2.6 billion.

The platform is user-friendly, with detailed community guides, troubleshooting articles, and customer support. In addition, you can trade in over 30 major cryptos backed by an equal number of high-quality liquidity pools.


SushiSwap

Is based directly on Uniswap, with a fork in the original code created by its anonymous developer who goes by the pseudonym Chef Nomi.

Right from the outset, SushiSwap has courted controversy. To generate liquidity, its founder encouraged users to deposit in Uniswap tokens, leeching away almost $810 million from Uniswap in a “vampire attack.”

Chef Nomi then proceeded to withdraw his liquidity from the project, generating a massive controversy. Ultimately, he backtracked and returned all funds, relinquishing his control over the project to a new team.

Since these early missteps, SushiSwap has maintained healthy growth rates in the crowded arena of Ethereum-based DEX/AMM platforms. It currently ranks in the top ten list, with daily volumes of close to $800 million across 400+ markets.


dYdX

dYdX is a major DEX platform with a heavy focus on reducing the inflated gas prices on Ethereum. It is one of the few platforms to offer gasless deposits to new users who deposit above a certain threshold. The platform has plans to make this a permanent feature.

dYdX is also working closely with StarkWare to deploy a Layer 2 scalability engine designed to reduce gas costs and trading fees further. Using Ethereum Smart Contracts, dYdX enables traders to invest in the crypto-equivalent of futures trading and other derivatives.

Due to its unique position on the Ethereum ecosystem, dYdX has managed to gain ground on other more popular DEX platforms like Uniswap. As a result, at the end of 2021, dYdX is ranked second on the list of the most active DEX platforms, with daily volumes of $5.4 billion.


Raydium

Instead of Ethereum or Binance, the Raydium platform operates on the highly promising Solana blockchain. As a result, the Ethereum-competitor has a vibrant developer ecosystem, and its cryptocurrency has grown at least 16,000% since January 2021.

The increased interest in the Solana blockchain has also helped Raydium, an AMM platform based on the Serum DEX.

The platform gives access to over 430 trading pairs, with Solana-USDT being the most popular.

The native token, also called Raydium, is the foundation of all future apps and projects on the Solana and Serum ecosystems.

The project’s primary focus is to function as the engine of DeFi on Solana. However, with current daily volumes already reaching $300 million, Raydium shows a lot of promise for future growth.


TraderJoe

Launched in 2020 as a less expensive, more efficient alternative to Ethereum,  Avalanche blockchain focuses on decentralized apps.

Its AVAX token has hit all-time high demands in late 2021, thanks to positive media coverage and high-profile partnerships with entities like Deloitte.

This surge has also propelled TraderJoe, the major DEX platform based around Avalanche blockchain, to the top of the DEX pile in recent times. Its pole position in the blockchain ecosystem has helped drive TraderJoe’s daily trades close to $1 billion.

You can trade major cryptos, stake and gain the native JOE token as rewards, lend other cryptos and farm yields on the TraderJoe platform. With low fees and over 170 markets, TraderJoe is a top target for anyone interested in the Avalanche ecosystem.


Top Pick: Uniswap

The Top pick is Uniswap, for its deep liquidity pools, its user-friendliness, and its commitment to continuous innovation.

As the various DeFi ecosystems continue to grow and expand, the importance of DEX aggregators and AMM platforms will increase further.

These platforms serve a vital purpose, finding liquidity and facilitating transactional activity across multiple blockchains.

To say that the future of DeFi, and by extension, the future of finance as we know it, hinges on DEX aggregators would not be an overstatement.


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✌ & 💚


Happy Holidays

With 💚 from Free Spirit

List of stuff you can use bitcoin for

List of stuff you can use bitcoin for

Website – Information

4Chan > do we really need to tell you what this is??

ALFA Top > Top-up your mobile phone with bitcoin or other cryptocurrency

All4btc > Online shop – buy from Amazon, Dell, Ebay, and Lenovo using BTC

Altushost > Hosting service – VPS – dedicated – web hosting – SSL certificates …

Alza > Buy electronic/mobile phones/health&beauty and a lot more (EU based)

Apmex > Buy Gold/Silver/Platinum -Never try,but I think they have good reputation.

Bastone & Co. > Hand made collection shop.

Bit Market > list of store that accept bitcoin in Philippines

Bit Refill > Recharge prepaid phones with Bitcoin

Bit Watches > USA based Luxury watches store.

BitDials > Online shop – Buy watches and jewelry using BTC.

BitGigs > Gigs for bitcoins.

BitPay > bitcoin payment service provider

Bitcoin RealEstate > Buy Real Estate with cryptocurrency – Sell your property for Bitcoin

Bitcoin Travel > Travel agency – Book your flight/hotel using bitcoin.

Bitrefill > Top up your prepaid phone, over 140 countries supported.

CR Servers > Hosting service.

CallWithUs > VOIP service that accepts BTC, pay only for the calls you make! There are no recurring membership fees

CoinPayments > -Payment Gateway -Use them many time for different service.

CoinVet > Coinvet is the groundbreaking new jobs and gigs marketplace where the crowd helps you find the best professionals for your exact needs.

Compusleuth > technical support to recover, restore, search, and produce electronic information (is that still operating??)

Crypto Emporium > offer a huge variety of high-end and luxury goods available for purchase in only cryptocurrency, no fiat.

CryptoGrind > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

Echristopher and sons > Shop online for your jewelry and pay with Bitcoin.

Expedia > Travel agency – provides Hotels, Cheap Flights, Car Rentals & Vacations

Genesis Fire Protection > USA based fire protection company, fire extinguishers and fire suppression systems.

Gray and Sons > Online shop – Jewelry, Watches, and accessories.

Gyft > Buy, Send, & Redeem Gift Cards

HePays > dating website.

Hi-Tech > Computer service provider, website is very bad, probably they’re out of business.

Lamborghini Newport Beach > authorized dealership in Orange County providing Super Sports Cars to Southern California

Microsoft > you can charge your account with BTC

Mint > Finance service, all your finance in single place. “When you’re on top of your money, life is good. We help you effortlessly manage your finances in one place.”

Mosaika > Shop online for your jewelry, and pay with Bitcoin.

My Gemologist > Shop for jewelry, or CREATE your own design, and pay with bitcoin.

Namecheap > Domain Name Registrar

NewEgg > Online shop

OpenBazzar > Decentralized marketplace – Online eCommerce platform that unites buyers/sellers by virtue of the P2P/peer-to-peer network

Overstock > Online shop – designer brands and home goods

Piiko > Send money to your friends and family online or top up while travelling. Almost 600 providers from 137 countries. Pay with Bitcoin, Dash or Stellar at best rates possible.


Pizza for coins > Order Pizza online and pay with BTC

Pure VPN > VPN Service: Access US Netflix Instantly for just $2.87/m Making Security and Freedom Accessible for Anyone, Anywhere!

Purse > Online shop – buy from amazon using BTC and get a discount!

RandyBrito > Freelancer – A web developer with a passion for Bitcoin, Economics and freedom.

Reeds > USA based jewlery – Personally I like their goods (looks only, haven’ bought any yet)

Restaurants list > a map of USA restaurants that accept Bitcoin. (can anyone verify any of them?)

Sad Truth Supply > Pins, Patches, and other accessories for bitcoin.

Save the Children > Charity accepting BTC payment. P.S: probably you’ll need to contact them first to donate in bitcoin.

Silver.ag > Jewelry and Accessories for Bitcoin.

SoftRare > software solutions provider, probably out of business since their website has copyright logo for 2015

SteadyTurtle > Buy Hosting&Domain -I use them for years,great service.

Tanzanite America > North American member of The Tanzanite Authority, a group of like-minded collectors, investors, and who are dedicated to informing and supplying the very finest top quality AAA certified Tanzanite.

XBT Freelancer > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

mclarennb >  Authorized McLaren Dealer

List of stuff you can use bitcoin for.

Website – Information

4Chan > do we really need to tell you what this is??

ALFA Top > Top-up your mobile phone with bitcoin or other cryptocurrency

All4btc > Online shop – buy from Amazon, Dell, Ebay, and Lenovo using BTC

Altushost > Hosting service – VPS – dedicated – web hosting – SSL certificates …

Alza > Buy electronic/mobile phones/health&beauty and a lot more (EU based)

Apmex > Buy Gold/Silver/Platinum -Never try,but I think they have good reputation.

Bastone & Co. > Hand made collection shop.

Bit Market > list of store that accept bitcoin in Philippines

Bit Refill > Recharge prepaid phones with Bitcoin

Bit Watches > USA based Luxury watches store.

BitDials > Online shop – Buy watches and jewelry using BTC.

BitGigs > Gigs for bitcoins.

BitPay > bitcoin payment service provider

Bitcoin RealEstate > Buy Real Estate with cryptocurrency – Sell your property for Bitcoin

Bitcoin Travel > Travel agency – Book your flight/hotel using bitcoin.

Bitrefill > Top up your prepaid phone, over 140 countries supported.

CR Servers > Hosting service.

CallWithUs > VOIP service that accepts BTC, pay only for the calls you make! There are no recurring membership fees

CoinPayments > -Payment Gateway -Use them many time for different service.

CoinVet > Coinvet is the groundbreaking new jobs and gigs marketplace where the crowd helps you find the best professionals for your exact needs.

Compusleuth > technical support to recover, restore, search, and produce electronic information (is that still operating??)

Crypto Emporium > offer a huge variety of high-end and luxury goods available for purchase in only cryptocurrency, no fiat.

CryptoGrind > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

Echristopher and sons > Shop online for your jewelry and pay with Bitcoin.

Expedia > Travel agency – provides Hotels, Cheap Flights, Car Rentals & Vacations

Genesis Fire Protection > USA based fire protection company, fire extinguishers and fire suppression systems.

Gray and Sons > Online shop – Jewelry, Watches, and accessories.

Gyft > Buy, Send, & Redeem Gift Cards

HePays > dating website.

Hi-Tech > Computer service provider, website is very bad, probably they’re out of business.

Lamborghini Newport Beach > authorized dealership in Orange County providing Super Sports Cars to Southern California

Microsoft > you can charge your account with BTC

Mint > Finance service, all your finance in single place. “When you’re on top of your money, life is good. We help you effortlessly manage your finances in one place.”

Mosaika > Shop online for your jewelry, and pay with Bitcoin.

My Gemologist > Shop for jewelry, or CREATE your own design, and pay with bitcoin.

Namecheap > Domain Name Registrar

NewEgg > Online shop

OpenBazzar > Decentralized marketplace – Online eCommerce platform that unites buyers/sellers by virtue of the P2P/peer-to-peer network

Overstock > Online shop – designer brands and home goods

Piiko > Send money to your friends and family online or top up while travelling. Almost 600 providers from 137 countries. Pay with Bitcoin, Dash or Stellar at best rates possible.


Pizza for coins > Order Pizza online and pay with BTC

Pure VPN > VPN Service: Access US Netflix Instantly for just $2.87/m Making Security and Freedom Accessible for Anyone, Anywhere!

Purse > Online shop – buy from amazon using BTC and get a discount!

RandyBrito > Freelancer – A web developer with a passion for Bitcoin, Economics and freedom.

Reeds > USA based jewlery – Personally I like their goods (looks only, haven’ bought any yet)

Restaurants list > a map of USA restaurants that accept Bitcoin. (can anyone verify any of them?)

Sad Truth Supply > Pins, Patches, and other accessories for bitcoin.

Save the Children > Charity accepting BTC payment. P.S: probably you’ll need to contact them first to donate in bitcoin.

Silver.ag > Jewelry and Accessories for Bitcoin.

SoftRare > software solutions provider, probably out of business since their website has copyright logo for 2015

SteadyTurtle > Buy Hosting&Domain

Tanzanite America > North American member of The Tanzanite Authority, a group of like-minded collectors, investors, and who are dedicated to informing and supplying the very finest top quality AAA certified Tanzanite. (first time to hear of tanzanite to be honest, but they look cool)

XBT Freelancer > Freelancing platform – Hire a freelancer or work as one, for bitcoins.

mclarennb >  Authorized McLaren Dealer

schwartzkopff>

KFC Canada > Hunger no more, get your KFC for BTC.

Subway restaurant > Eat healthy, with bitcoins too.

CheapAir > Cheap Airline Tickets, Airfares & Discount Air Tickets

Alza > Largest Czech online retailer accepting BTC.

Pembury Tavern > Snap up a pint in Britain’s first Bitcoin pub.

FC Canada > Hunger no more, get your KFC for BTC.

Subway restaurant > Eat healthy, with bitcoins too.

CheapAir > Cheap Airline Tickets, Airfares & Discount Air Tickets

Alza > Largest Czech online retailer accepting BTC.

Pembury Tavern > Snap up a pint in Britain’s first Bitcoin pub. “

Share with 💚  by Free Spirit

✌ & 💚