Bitcoin mining is banned in China.

Extra sats if you tell me something I don’t already know.

The rewards for Bitcoin mining are reduced by half roughly every four years.

Bitcoin mining can monetize stranded energy

Bitcoin mining hashrate is 285 EH/s

bitcoin mining is good

Mining rigs proof of work is verifiable through measurements of the heat generated when performing the calculations. This calorie expenditure leaves a permanent trail of breadcrumbs that any and all who care to follow can verify for themselves. This is why we no longer have to trust that counterfeiters can fake the work "done". Also exactly why proof of stake is an oxymoron, there is no real world authenticatible proof.

One of the best mining rigs on the market right now is the Bitmain Antminer S19 XP.

bitcoin mining is proof of work.

mining bitcoin is the only way to increase the bitcoin supply, which is around 98% mined (from memory). Mining will supposedly finish close to the year 2140... at that time the miners reward would be only the transaction fee... but not really ( https://bitcoinmagazine.com/culture/bitcoin-is-time-traveling-energy ). When mining is complete it will be just under 21 million bitcoin and no more bitcoin will be produced.

At the moment 6.25 baby bitcoin are rewarded to the miner (or mining pool), that finds the special number to close the block that includes transactions; and also now some random java scrip and stupid jpgs, forever, I repeat, FOREVER, in the timechain.

Fun Fact: You can get an S9 for $100 on eBay right now. That's cheaper than a Raspberry Pi

Mining isn’t complete without a node

You can mine with your gpu

Mining is really just looking for a sufficiently low random number (hash).

My name is really just looking for sufficiently low random number (hash). Higher difficulty, lower number. Lower difficulty, higher number.

Mining difficulty is adjusted every 2016 blocks but due to an error in the protocol only the last 2015 blocks are used to calculate the adjustment 🤙

Miners help to stabilize the grid

“Exahash” just means 1 quintillion hash, or 10^18 hash. Current mining hashrate is ~300 exahash/second. That’s a lot of guesses.

Bitcoin mining is specially specific, because it is limited by the speed of light. Colonies further apart than a few light minutes are very unlikely to be mining on the same Bitcoin network (though they could still settle a layer 2/3 on the same bitcoin network)

24MWh of energy was used to heat the bitcoin tulip bulbs last summer. An average Dutch household uses 1200m3 natural gas per year which is 12MWh equivalent. Therefore two households of natural gas were reduced drying these bulbs.

The title is clickbaity, but it is fact. I do not cater to the frame of the enemies of mankind. I will not so much as dignify their claims or sophistry with rebuttals.

Oh, and in case someone has not already mentioned it, there is a bug that makes the mining difficulty adjust based on hashrate for 2015 blocks, not 2016 (I forget if first or last that is dropped), and there are some theoretical attacks related to this that are interesting to read about.

https://heaviside.substack.com/p/bitcoin-mining-wastes-energy-but

Bitcoin mining can lower the cost of power to customers by buying off peak power where it otherwise wouldn’t be sold.

This in turn “keeps the lights on” at the power companies, covers costs and incentivizes grid efficiency / expansion

Bitcoin mining uses more than 50% sustainable energy.

Mining is not solving complex mathematical problems

Bitcoin mining saved Africa's oldest National Park from bankruptcy

https://energies.virunga.org/en/?_ga=2.157302328.363634541.1676964905-621385910.1676964905

lower asic chip temperature, more hashrate you get! keep mining and stack sats!