Archive for the ‘Bitcoin’ Category
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Why Bitcoin Miners Are Anticipating the 2024 Halving with Excitement
Last Updated: November 17, 2023Understanding the Halving: A Turning Point for Bitcoin The Bitcoin community experiences a milestone event every four years: the halving. This process cuts the reward for mining new blocks in half, a design feature that maintains Bitcoin’s scarcity and value. As we approach the 2024 halving, anticipation builds among miners worldwide. The Impact of Halving on […]
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How Does Blockchain Work?
Last Updated: May 30, 2023Unraveling the Digital Chain How Does Blockchain Work? Explore the profound depths of blockchain technology, a revolution in the digital realm that is reshaping how we perceive security and decentralization. This article delves into the intricate workings of blockchain, allowing you to comprehend its underlying mechanics. Imagine you’re a detective, and you’ve been handed a […]
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How the FTX Collapse is Affecting Bitcoin Miners and Bitcoin Mining
Last Updated: February 06, 2023The FTX bankruptcy was one of the latest major crashes in the cryptocurrency space, albeit not its first one. The crypto space has had its share of brokers and companies falling because of inadequacies in their infrastructure. These flaws become even more apparent during a bear market where most crypto prices crash after seeing months […]
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Blockchain Statistics 2022-2023
Last Updated: December 14, 2022Blockchain Statistics 2022-2023 • 29.7% Of Blockchain Market Value Belong To Banks. • Worldwide Blockchain Users Stands At 2.8% • IoT To Experience A 40% Increase By 2026 • 80% Of Business Leaders Will Adopt Blockchain Technology • Metaverse Will Become A $13 Trillion Sector • Blockchain Technology To Add $1.76 Trillion To Global GDP […]
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Bitcoin Mining Versus Buying Bitcoin
Last Updated: September 06, 2022Top 7 reason why Bitcoin mining outperforms buying Bitcoin. When it comes to cryptocurrency, there are a lot of different ways to obtain it. You can buy it in an exchange, or you can mine it. When people think about acquiring Bitcoin, they think about buying it on an exchange. However, Bitcoin mining is […]
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Bitcoin Mining Statistics
Last Updated: July 10, 2022Bitcoin Mining Statistics 2022-2021 There are currently 300 million people using crypto worldwide 65% of Bitcoin miners are located in China global hashrate will rise to 327 exahashes per second Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022 Mining bitcoin creates between 22 – 22.9M metric tons of CO2 annually 900 Bitcoins are mined […]