Best Bitcoin Mining Hardware - Guide to ASIC Miners ...

A drop in Bitcoin’s on-chain transaction activity has resulted in miners making just 30 BTC per day. People are not interested in transacting on the bitcoin blockchain, instead, they are just tokenizing their holdings for DeFi markets, or just buying more

A drop in Bitcoin’s on-chain transaction activity has resulted in miners making just 30 BTC per day. People are not interested in transacting on the bitcoin blockchain, instead, they are just tokenizing their holdings for DeFi markets, or just buying more submitted by NinjaDK to CryptoCurrency [link] [comments]

A drop in Bitcoin’s on-chain transaction activity has resulted in miners making just 30 BTC per day. People are not interested in transacting on the bitcoin blockchain, instead, they are just tokenizing their holdings for DeFi markets, or just buying more (x-post from /r/Cryptocurrency)

A drop in Bitcoin’s on-chain transaction activity has resulted in miners making just 30 BTC per day. People are not interested in transacting on the bitcoin blockchain, instead, they are just tokenizing their holdings for DeFi markets, or just buying more (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Hey guys! I’ve been using new browser, CryptoTab. Here's why: I believe that Crypto is the future. This Browser allows you to mine Bitcoin without the hassle of buying mining rigs. Get ahead in the new future market. Learn more by following the link and make your own network of miners -

Hey guys! I’ve been using new browser, CryptoTab. Here's why: I believe that Crypto is the future. This Browser allows you to mine Bitcoin without the hassle of buying mining rigs. Get ahead in the new future market. Learn more by following the link and make your own network of miners - submitted by HelpfulMinion to u/HelpfulMinion [link] [comments]

Bitcoin Miners Make a Pause Before Entering the Market Again

Bitcoin Miners Make a Pause Before Entering the Market Again submitted by BaWro to Crypto_Currency_News [link] [comments]

Bitcoin Miners Make a Pause Before Entering the Market Again

Bitcoin Miners Make a Pause Before Entering the Market Again submitted by cryptoallbot to cryptoall [link] [comments]

Market liquidity is drying up as people can't get their bitcoins on the exchanges pushing up prices which in turn encourages even more people to sell clogging up the mempool. No, miners are not making a real term profit from the current situation. How long before this bubble bursts

Market liquidity is drying up as people can't get their bitcoins on the exchanges pushing up prices which in turn encourages even more people to sell clogging up the mempool. No, miners are not making a real term profit from the current situation. How long before this bubble bursts submitted by jimukgb to btc [link] [comments]

Bitcoin miners won't upgrade to BU or Segwit until market forces make it an imperative

I want to talk about the economics of bitcoin mining for a bit. I hear a lot of confusion and debate about why it's taking so long to move bitcoin forwards, regardless of what path it takes, and there some important economic factors that I think help to explain it.
Miners can't afford to think about the future. A lot of miners are operating on very thin margins, in many cases buying the hardware they use to mine with loans to be paid by those same machines. In some cases it gets worse, they pre-sell bitcoins to be mined, so even if the value goes up, they may not reap all the benefits. This forces them to be very concerned about bitcoin's price today, and next week, much more so than in five years, or even one year. In order to survive they must be focused on the very near term. It can also place an oversized emphasis on tx fees.
Yes. Transaction fees matter. Yes, I know it represents a fraction of the reward for mining a block, but in arrangements like the one above that's where the profit is. They have to make sure the machines they already have running are going to pay for themselves, before the next antminer comes out and the global hash rate jumps again. It's a competitive marketplace, and that forces margins way down.
The point is that even if they are true bitcoin believers, and you need to be to get into the business in the first place, their thinking is driven by the need to stay in business, so they're going to prefer whatever guarantees their profits. If there were only one proposal overwhelmingly supported by all parties it might be different, but as it is they have every incentive to do nothing at all until they are forced to choose.
It's a testament to bitcoin's strength that even as hampered as the network is we're still seeing massive growth in the price of bitcoin. But miners will continue doing exactly what they've been doing right up until the moment where they stop making money, and then the network will upgrade. Probably after a big correction/crash that sees a lot of smaller miners selling off their hardware to larger pools who are able to reach consensus. As long as the price keeps going up though, it'll stay like this. I don't know how big the correction/crash will have to be to force a change, but until then this is what we get.
submitted by Twoehy to btc [link] [comments]

Market liquidity is drying up as people can't get their bitcoins on the exchanges pushing up prices which in turn encourages even more people to sell clogging up the mempool. No, miners are not making a real term profit from the current situation. How long before this bubble bursts

Market liquidity is drying up as people can't get their bitcoins on the exchanges pushing up prices which in turn encourages even more people to sell clogging up the mempool. No, miners are not making a real term profit from the current situation. How long before this bubble bursts submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Miner Makes Bold Statement About 'Bright' Future After Market Rout

Bitcoin Miner Makes Bold Statement About 'Bright' Future After Market Rout submitted by CCNewsBot to CryptoCurrency [link] [comments]

Bitcoin Miner Makes Bold Statement About 'Bright' Future After Market Rout - Forbes

Bitcoin Miner Makes Bold Statement About 'Bright' Future After Market Rout - Forbes submitted by ulros to fbitcoin [link] [comments]

Mine It to the Limit! Chinese Firm Makes Billions From #Cryptocurrency. Bitmain managed to take this activity to a whole new level by raking in more money last year than Nvidia. Bernstein estimates that Bitmain currently has an estimated “70 to 80 percent of market share in bitcoin miners and ASICs”

Mine It to the Limit! Chinese Firm Makes Billions From #Cryptocurrency. Bitmain managed to take this activity to a whole new level by raking in more money last year than Nvidia. Bernstein estimates that Bitmain currently has an estimated “70 to 80 percent of market share in bitcoin miners and ASICs” submitted by poster5439 to Sino [link] [comments]

Bitcoin Miner Makes Bold Statement About Bright Future After Market Rout (current BTC/USD price is $3995.5827359)

Latest Bitcoin News:
Bitcoin Miner Makes Bold Statement About Bright Future After Market Rout
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin Miner Makes Bold Statement About 'Bright' Future After Market Rout

submitted by Imared to TheColorIsRed [link] [comments]

"Bitcoin should freely scale with demand through a market-based process. The user's experience is important -- we seek to engage with all people. . . As the block subsidy declines, miners can make money based on volume, not exclusivity. " ~Bitcoin Unlimited

https://www.bitcoinunlimited.info/articles
submitted by Windowly to btc [link] [comments]

No one could have known that Trump would pull the plug on negotiating another stimulus bill, but everyone knows that another block will be added to Bitcoin's blockchain approximately ten minutes from now... Bitcoin is more certain than any other monetary system in the world.

submitted by the420chronicler to Bitcoin [link] [comments]

FREE transactions would be incredible marketing for Bitcoin Cash and make it unstoppable. Miners are only getting $10-$12 per block in fees. They need to get rid of it /r/btc

FREE transactions would be incredible marketing for Bitcoin Cash and make it unstoppable. Miners are only getting $10-$12 per block in fees. They need to get rid of it /btc submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin Unlimited Nodes Crash Due to Memory Leaks - New Bitcoin Core Software Makes SegWit Optional for Miners - Bitwage Partners New Bank to Improve Services in the EU - $300 Million Gnosis Valuation Sparks Market Reaction

submitted by cryptocompare to cryptocompare [link] [comments]

Bitcoin miners won't upgrade to BU or Segwit until market forces make it an imperative /r/btc

Bitcoin miners won't upgrade to BU or Segwit until market forces make it an imperative /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Miners will point their hash rate to the coin that makes the most money. The market price will decide the outcome of the fork, not the miners. The miners will just follow the price. /r/Bitcoin

Miners will point their hash rate to the coin that makes the most money. The market price will decide the outcome of the fork, not the miners. The miners will just follow the price. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"Bitcoin should freely scale with demand through a market-based process. The user's experience is important -- we seek to engage with all people. . . As the block subsidy declines, miners can make money based on volume, not exclusivity. " ~Bitcoin Unlimited /r/btc

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The principles I learned in 7 years here

I've learned a lot by surfing these subs. I internalized it and am really happy with where I am. I wanted to take a minute to pay it forward and distill what I've internalized into first principles.
First, a bit on my background. I was always interested in being FI and know that money doesn't equal freedom, but it is an aspect of freedom (if nothing else, freedom from worrying about meeting basic needs). I was saving heavily in my mid 20's but was also working for a nonprofit. I was saving 50% of my income but it honestly wasn't amounting to all that much.
I wound up spending about a year teaching myself data science before and after work. I was really motivated by the field and, luckily for me, it turns out to be quite lucrative. I also started skydiving. That meant moving to a shared 1 bedroom apartment with somebody I butted heads with so I could afford it and not overly sacrifice savings goals. That was a tough call because skydiving is expensive, but it also made me much more risk tolerant and a generally happier and less reactive human. Skydiving taught me that most of my fears were unfounded (evolution predisposes you to fear more than you have to) so I geared up for a big life change.
When I was good enough at data science, I quit my job in the nonprofit and moved to San Francisco to do a 3 month bootcamp program. Everybody thought I was nuts. That drained my savings virtually down to the last dime (with no debt though). I got my first job in the industry making very little money in a role where I would learn a lot. I loved it and got a promotion in (I shit you not) 2 weeks of being on the job. That was my first 6 figure income.
Zoom forward four years and I'm at a major company with a significant equity stake, financially comfortable, and having just bought a home. Not quite yet FIRE but getting close depending on how my company stock does.
Obviously everybody's path is different. But principles are more universal. With all that, here are the main principles that lead to my success:
  1. Find the global maximum. I was top of my game in that nonprofit with a relatively good income and title, but I was growing unhappy and knew I wouldn't make my longterm goals. It was a tough call to quit, drain my savings, and move. But I did it and now I feel like I'm in a global personal maximum for life satisfaction, earning, etc. This means longterm thinking
  2. Stay balanced. I almost burned myself out on FIRE multiple times. I started seeing everything as costs. Be scrappy on everything but what makes you most come alive. That's crucial for longterm motivation
  3. The best investments are always in yourself. Active recovery, eduction, socializing, etc. are the best investments you can make. They're bad investments on the short term but great on the longterm
  4. Save on housing until you're ready to purchase a home. My rule was that I'd live with roommates until I had enough for a down payment. When covid happened, I decided I wouldn't buy a place until the market rebounded so I let my investments sit until they rebounded, sold, and purchased a home. Most people lose too much money on housing
  5. Never pay interest. This is an exaggeration but it's the biggest lifetime expense for more people. I pay some interest but both my small car loan and mortgage are below 3% interest. That means, with inflation, my money is likely better in the stock market than paying back those loans. So apart from that interest, I've been lucky enough to manage to avoid it like the plague
  6. Take risks and experiment. Most people are way too risk adverse, scared to place strategic bets. I've lost a lot of money on risky things but have gained so much more in experience. Spending thousands on bitcoin miners in the early days while on a shoestring budget? Lost a lot on that. But it resulted in learning an appropriate way to buy crypto and the net effect was many more thousands of dollars in gains
  7. Have mentors/models. If you don't do this explicitly, you default to modeling your behavior on whoever is around you. Think of who your top models for behavior are (financial, relationship, etc) and figure out what makes them tick. For me it was Mr. Money Moustache, some abundance-oriented technology thought leaders, and some anti-consumer friends who were militant about how owning things doesn't make you happy
  8. Don't defer pleasure. I came to realize that many of my thoughts on retirement were quite Catholic (thanks, dad). In other words, I was deferring pleasure until retirement like my Catholic father was deferring pleasure until the afterlife. Be fiercely present and enjoy today. Finances are only one part of life satisfaction
  9. Have an abundance and growth mindset. Most people think of money as a scarce resource. It's not. Anybody can generate it given enough time and effort. Think big picture and work incrementally towards it rather than accepting the career progression of your peers or employer. Most people underestimate how much employers will recognize a strong sense of drive and personal responsibility
  10. Change is necessary. For the Buddhists, that's the source of all suffering. Do we want to sacrifice the mediocre reality today for the option of a better reality tomorrow? Most people are so change and uncertainty adverse they can't adapt to more beneficial situations. Being open and curious and optimistic about change is necessary, otherwise the mediocre today seems like a better bet or you'll change and then quickly regress. The opportunity cost for change is whatever situation you currently find yourself in. Make sure you're ok with this and have the confidence to course correct if you get in over your head
TL;DR - Reality is malleable. You can achieve whatever you want as long as you take a step back, strategize, and then kick some ass. If you adopt some principles and play the long game, you'll ace this whole life thing
Edit: Glad this got so much attention. I feel like I've paid forward the mindset and benefits this sub helped me create. Thanks for being part of that!
submitted by Liquid_Subject to financialindependence [link] [comments]

Grayscale® Bitcoin Trust add another +6937 BTC (72 M$) - 15 October 2020

Grayscale® Bitcoin Trust add another +6937 BTC (72 M$) - 15 October 2020
Grayscale® Bitcoin Trust add another +6937 BTC (72 M$) Today
Total = 456 537 BTC = 478 480 300 * 0.00095414 = Shares Outstanding * Bitcoin per Share
Source: https://grayscale.co/bitcoin-trust/
As of October 15, 2020
Grayscale BTC position evolution: https://pro.bybt.com/futures/GrayscalePosition
https://preview.redd.it/hl7gksipjct51.png?width=600&format=png&auto=webp&s=87d666db33f3f9f00883a1f22a12000d85363a64
submitted by Chakib_fort to Bitcoin [link] [comments]

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