Elon Musk, are you getting ready? Bitcoin mining is efficiency up 63% in a year.
Tesla and SpaceX CEO Elon Musk has said he will resume accepting BTC payments for vehicle purchases when the percentage of bitcoin renewable energy used exceeds 50%. So the global bitcoin mining industry’s sustainable electricity mix is currently at 58.4%, up by 63% year-over-year, according to a recent survey by the Bitcoin Mining Council (BMC). […]
Does physical Bitcoin exist?
And an immediately fast answer – yes, it exists. Physical Bitcoin came up by American Mike Caldwell and first introduced them for purchase in 2011. They have the name “Casascius” from the abbreviation “call a spade a spade”. It’s the Casascius coins we see in all these photos with bitcoin. How does it works? Casascius […]
Lucky hodler: man bought 5000 bitcoins for $27 and forgets about them
In 2009, Christopher Koch was writing a master’s thesis on encryption technology at a university in Norway. He came across an unknown virtual currency called Bitcoin and decided to buy 5000 coins for the experiment. At that time, 1 BTC cost $0.03, so Christopher spent only $ 27 on this investment. What did Christoffer do […]
Bitcoin transactions VS Credit Card transactions
Have you ever wondered how remittances work in the world of digital currencies? We decided to make a parallel between bitcoin and credit card transactions to understand which ones are more convenient and secure. 🪙 With bitcoin transaction there is no need of intermediaries as payment is made within the users present in the blockchain […]
Top 3 investors which earned the most on Bitcoin growth
Forbes has published a list of bitcoin investors who have earned the most from the rise in cryptocurrency. The top 3 includes: Cameron & Tyler Winklevoss – cofounders of cryptocurrency exchange Gemini, which now does about $300 million a day in digital asset trades, were among the first recognizable names to buy bitcoin. They each […]
The wallet with 500 BTC was active for the first time in 11 years
The network noticed the activity of the wallet with 500 bitcoins, which was created in the late 2010s. This period is also called the “Satoshi era”, in honor of the anonymous creator of bitcoin Satoshi Nakamoto. Since it was last used sometime in 2010, the cache has risen sharply in value from $8,400 to more […]
Where did 3.7 million Bitcoins get lost?
Approximately 18.59 million bitcoins were mined, or 89% of the maximum number of supply. There will never be more than 21 million BTC in circulation, unless there is a radical change in the supply mechanism of bitcoin. Overall, one-fifth of Bitcoin hasn’t been moved for five years. Here’s why: Satoshi’s cache. The mysterious creator of […]
Only 2 attempts left
San Francisco-based programmer Stefan Thomas forgot the password from a secure external hard drive that holds the keys to an e-wallet containing 7,000 bitcoins – now worth nearly $ 300 million. Stefan lost the paper where he wrote down the password for his IronKey, which gives users 10 guesses before it seizes up and encrypts […]
What is Taproot?
Taproot, the largest Bitcoin update in the past 4 years, was released on the 14th of October, 2021. Taproot is a technology that improves the flexibility of smart contracts and the privacy of transactions on the bitcoin network. The Taproot scheme was described in 2018 by Gregory Maxwell – Bitcoin Core developer. Among many positive […]
How does Bitcoin works?
Bitcoin is a digital currency which is based on Blockchain Technology. Briefly about how it works: 🔸 New Bitcoins appear on the network thanks to the miners who validate blocks and add them to the blockchain by using computers to solve mathematical functions. The same process verifies transactions. 🔸 Bitcoin exchanges trade conventional currencies for […]