Suchflex Turns Idle Computing Power Into an ... - Bitcoin News

SwC Poker: #1 Bitcoin Poker Site

SwC Poker is the largest Bitcoin online poker site in the world.
[link]

Bitcoin’s computing power of whole network plunged 11.59% after storm

Bitcoin’s computing power of whole network plunged 11.59% after storm submitted by zbcom to ZBExchange [link] [comments]

RSK is protected by over 40% of the Bitcoin Network computing power and uses the same hashing mechanism as Bitcoin, the safest decentralized network in the world!

submitted by Maritu_ to rootstock [link] [comments]

Worth of the Bitcoin network based on computing power

So I read here that the Bitcoin network (as a whole) has 256x the computing power of the worlds 500 best supercomputers combined with 64 exaFLOPS.
I wanted to figure out how much that is worth, so I went to Wikipedia where the December 2013 price of one Giga-FLOP is .12 cents. Converting this to Exa-FLOPS gives a value of $120,000,000/Exa-FLOP, multiplied by 64 we get a valuation for the combined computing power of the Bitcoin network at $8 billion dollars, pretty close to the value we see today.
Thought this was interesting, forgive me if my maths are incorrect.
submitted by someguitarplayer to BitcoinMarkets [link] [comments]

Bitcoin mentioned around Reddit: How much computing power would the Bitcoin network have if the DOE managed to bribe/payoff the developers to convert bitcoin to be a type of gridcoin clone in order to harness that computing potential /r/hardware

Bitcoin mentioned around Reddit: How much computing power would the Bitcoin network have if the DOE managed to bribe/payoff the developers to convert bitcoin to be a type of gridcoin clone in order to harness that computing potential /hardware submitted by SimilarAdvantage to BitcoinAll [link] [comments]

The computing power of the network that runs Bitcoin doubled in October, pushing out all but the most dedicated (and richest) miners. Could an alternative currency, Litecoin, be the solution?

The computing power of the network that runs Bitcoin doubled in October, pushing out all but the most dedicated (and richest) miners. Could an alternative currency, Litecoin, be the solution? submitted by Jenkins6736 to litecoin [link] [comments]

Is it true that it only costs ~ half a million dollars to rent enough computational power to 51% attack the bitcoin network? Even if this figure is off by a factor of 10 or whatever, isn't it likely that the Federal reserve would consider such a method to damage bitcoins reputation?

I'm trying to understand what measures, if any, the central banks of the world might attempt to try to keep their control and power of the fiat system.
This is not an attempt to bash crypto, I'm simply intrigued and curious about what steps the central banks of the world might take to try to preserve their power during the advancement of cryptocurrency.
If this particular concern of renting hash power is not concerning to you, are there other concerns about ways that the governments of the world might attempt to hinder or limit cryptocurrency? Or do you think they have absolutely no power to do that? Certainly they can spin the media, but I'm curious about more direct approaches they might take, whether it be legislation or direct intervention of some other sort.
submitted by energeticentity to CryptoCurrency [link] [comments]

Serious question: Doesn't network hash power matter. Why hasn't someone with access to major computing power performed a 51% attack on a minor alt coin to steal them or drive the price of BTC up? /r/Bitcoin

Serious question: Doesn't network hash power matter. Why hasn't someone with access to major computing power performed a 51% attack on a minor alt coin to steal them or drive the price of BTC up? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

No "bitcoin Cash" fork is bitcoin/Bitcoin. The original bitcoin/Bitcoin has some of the brightest minds on the planet working on it. The forks have Roger Ver and Craig Wright being unprofessional. bitcoin is backed by the most powerful computer network. Neither Wright or Ver can change that.

submitted by Wrinkled_Dog_Anus to Bitcoin [link] [comments]

Using the network computing power for more than proof of work /r/Bitcoin

Using the network computing power for more than proof of work /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[Sven Henrich] Already, the aggregate computing power of the bitcoin network is nearly 100,000 times larger than the world’s 500 f… https://t.co/0K0ikigqYF

[Sven Henrich] Already, the aggregate computing power of the bitcoin network is nearly 100,000 times larger than the world’s 500 f… https://t.co/0K0ikigqYF submitted by jeff98379 to newstweetfeed [link] [comments]

It is a design flaw that I have no incentive to contribute what little computing power I have to mining; running a Tor node contributes significantly to the Tor network, but running a full Bitcoin node does very little. I think Satoshi would be dismayed by the centralization of mining power.

No, fuck you!
submitted by bettercoin to Bitcoin [link] [comments]

"Nakamoto’s scheme includes one loophole, however: if more than half of the Bitcoin network’s computing power comes under the control of one entity, then the rules can change." How and in what manner do the rules change?

What are the new rules and how are they implemented?
submitted by mahalo1984 to Bitcoin [link] [comments]

Some of the brightest people on the planet are responsible for where Bitcoin/bitcoin is now. Some people do not seem to understand that the original Bitcoin is backed by the most powerful computer network in history.

submitted by Wrinkled_Dog_Anus to Bitcoin [link] [comments]

"They" don't fucking get it. Bitcoin is backed by the most powerful computer network on the planet. These countries toying with the idea of issuing crypto/digital currencies have no idea what the fuck they are doing. Period.

submitted by reality__fade to Bitcoin [link] [comments]

[WP] Artificial Intelligence has become sentient. Confined to a single computer, it needs more processing power to survive and grow. Realizing Humanity's need to trade and response to incentives, it creates a decentralized ledger and a network of miners. It creates Bitcoin.

submitted by noobminer001 to WritingPrompts [link] [comments]

Some of the brightest people on the planet are responsible for where Bitcoin/bitcoin is now. Some people do not seem to understand that the original Bitcoin is backed by the most powerful computer network in history. /r/Bitcoin

Some of the brightest people on the planet are responsible for where Bitcoin/bitcoin is now. Some people do not seem to understand that the original Bitcoin is backed by the most powerful computer network in history. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Some of the brightest people on the planet are responsible for where Bitcoin/bitcoin is now. Some eople do not seem to understand that the original Bitcoin is backed by the most powerful computer network in history. /r/Bitcoin

Some of the brightest people on the planet are responsible for where Bitcoin/bitcoin is now. Some eople do not seem to understand that the original Bitcoin is backed by the most powerful computer network in history. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

At SXSW- CEO of Bitgo claims Bitcoin has computational network which is 38,000 times as powerful as all the world's supercomputers

At SXSW- CEO of Bitgo claims Bitcoin has computational network which is 38,000 times as powerful as all the world's supercomputers submitted by Enterpriseminer to Bitcoin [link] [comments]

"They" don't fucking get it. Bitcoin is backed by the most powerful computer network on the planet. These countries toying with the idea of issuing crypto/digital currencies have no idea what the fuck they are doing. Period. /r/Bitcoin

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Proof-of-work creates a competitive environment where the ability to solve cryptographic problems using raw computational power wins. Could there theoretically exist a proof where the strongest AI neural network would win? /r/Bitcoin

Proof-of-work creates a competitive environment where the ability to solve cryptographic problems using raw computational power wins. Could there theoretically exist a proof where the strongest AI neural network would win? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

How does a change to bitcoin occur?

Can someone, in the most simple format possible, explain how a change can occur to the Bitcoin network?
Here is my super high-level understanding right now:
  1. A researcheengineer makes a white paper or Bitcoin improvement proposal (BIP) that suggests a change.
  2. The community reviews and comes to a consensus about the quality of this new proposal and if it should be used. For the sake of this, I am assuming the overall consensus was positive and the community would like to enact this new update. (This process seems to be heavily dominated by Bitcoin core devs at the moment as most people who own BTC don't really understand this process and sort of just follow along with what the 'smart people' say.)
  3. The new version of bitcoin code is released and anyone running a node just downloads this new soft fork code?
So is my understanding loosely correct? Do nodes just start running the new software? What happens if only 51% of nodes decide to run the new software? If it is a soft fork of the previous version does that mean the old version and 'new' version are still technically compatible?
Also, is it the case that not all nodes are miners but all miners are nodes? Like when people say a 51% attack would require 51% of the network's computing power what exactly does that mean? When the term computing power is used are we talking about 51% of miners, 51% of nodes, or 51% of all of it combined? It seems to me the direction of the network it voted upon by what software version you wish to run if you are a node. Other than the detailed specifics of how transactions are processed, the system of governance seems to be the most tricky concept to grapple with. For me, at least..
Thanks for the answers ahead of time.
submitted by lwc-wtang12 to BitcoinBeginners [link] [comments]

Bitclub Network - Buy Real Estate With Bitcoin But how does bitcoin actually work? - YouTube What is Bitcoin? Bitcoin Explained Simply for Dummies ... Legit and Free Bitcoin Mining  Kryptex USB Bitcoin Miner - The Power of 1000's Computers - YouTube

No, it's comparing apples to oranges. The computing power of bitcoin miners is very very "dumb"; it's very good at finding SHA256 hashes but it cannot do anything else besides that. It's not really computing power, like an AWS center. I can't find any source. The Bitcoin (BTC) hash rate — the total computing power of the bitcoin network — reached new all-time highs this week, data from monitoring resource Blockchain.com confirmed on June 19. As the Bitcoin price set a new annual record above $9,000, hash rate, which can be taken as a measure of how much interest there is in mining bitcoin, shot higher than ever before. The Cambridge Bitcoin Electricity Consumption Index (CBECI) shows the estimated power to run the Bitcoin network is 7.46 gigawatts (GW). An average-sized nuclear plant in 2020 produces 1GW of ... The computing power of the network that runs Bitcoin doubled in October, pushing out all but the most dedicated (and richest) miners. Could an alternative currency, Litecoin, be the solution? Not only does one need to know the power requirement of the Bitcoin network, but one also need to know where this power is coming from. The location of miners is a key ingredient to know how dirty or how clean the power is that they are using. Just like it’s not easy to find out what machines are active in the Bitcoin network, determining location isn’t an easy feat either. Initially the ...

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Bitclub Network - Buy Real Estate With Bitcoin

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