Author: P. H. Madore

Mining

Bitcoin’s Energy Use Isn’t Crazy, Rivals Switzerland’s Power Consumption

P. H. Madore

The Cambridge Centre for Alternative Finance has released an index of sorts devoted to macro data about Bitcoin, all of it relating to electricity consumption. Tree Huggers Take Solace Historically, one great objection to Bitcoin has been its perceived large-scale energy consumption. Some question the logic of building out an entirely new system when the […] The post Bitcoin’s Energy Use Isn’t Crazy, Rivals Switzerland's Power Consumption appeared first on CCN.com

Mining

Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

P. H. Madore

As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0Bitcoin Core 0.17.1Bitcoin Core 0.16.2Bitcoin Core 0.10.3bcoinBitcoin Knots 0.14.2btcdLibbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research […] The post Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air? appeared first on CCN Markets

Mining

Don’t Panic: Bitcoin’s ‘Plunging Supply’ Is a Feature – Not a Bug

P. H. Madore

Bitcoin presents a common-sense notion that’s surprisingly radical to many fully-grown adults: Once it’s gone, you can’t have any more of it. As commodities go, it acts more like a rare metal than a technology – hence its comparison to gold. It Doesn’t Matter If We’ve Mined 99{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of the Bitcoin Supply The Sun posted […] The post Don't Panic: Bitcoin's 'Plunging Supply' Is a Feature – Not a Bug appeared first on CCN Markets

Mining

Blockstream Has 3x The Hashpower of Entire Bitcoin Cash Network

P. H. Madore

Forbes writer Kyle Torpey reported that Blockstream, a crucial company in Bitcoin Core development, has been hosting Bitcoin miners at two facilities for quite some time. Big Boy Mining Top clients include Fidelity’s Center for Applied Technology (FCAT). Fidelity is a financial firm which increasingly throws itself into the blockchain industry. Blockstream employs BetterHash, an […] The post Blockstream Has 3x The Hashpower of Entire Bitcoin Cash Network appeared first on CCN Markets