The exponential increase in the hash rate, the high cost of electricity with its new taxes and the business model of the ASIC manufacturers, lead to the search for better conditions to develop #bitcoin mining.

I don't think that Monero is banned anywhere, only maybe delisted from a few centralized shitcoin casinos in a couple of countries.

Bitcon miner production is centralised ✅ Bitcoin follows the Pareto principle with majority owned by a small group of people ✅ Bitcoin block production is centralized between a few mining pools ✅ Bitcoin is captured ❌

Even though all of the above facts are true, Bitcoin still works as intended and is not meaningfully controlled by anyone. WEF can't print bitcoins, WEF can't prevent anyone technically from using bitcoin, WEF can't manipulate bitcoins price long term, WEF can't change bitcoin code that is run by all the full nodes worldwide.

"Who controls global money controls entire word." Exactly, until people ditch fiat currencies the world will be controlled by the banksters. Bitcoin is the only way out of this that has an actual chance of working.

US govt should adopt Bitcoin as a reserve asset and subsidise energy generation and mining to ensure write access to the ledger

Quebec which uses primarily hydroelectricity has banned (or is planning to?) ban Bitcoin mining.

That’s silly. Hydroelectricity is cleaner. And new miners will just go somewhere else and might power their mines by coal. Quebec will spend less energy, but overall the planet will be more polluted than if the same miners were in Quebec. How is that better?

PV🌞☕💜. It's 780,132 o'block.

🏴‍☠️⚡💎🙌💊🧡🚀

+++ Market-Data +++

#BITCOIN price is at $19,650.12

24h Price-Change: -9.25%

#BTC is -70.94% down from #ATH

#BTC has 244.1% left to reach last #ATH

Market-Cap: $379,867,818,418

24h Market-Cap-Change: -9.0%

24h Total-Trading-Vol.: $53,151,043,146

+++ BTC-Supply-Data +++

Circulating Supply: 19,313,325

Coins left to mine: 1,686,675

Days until next #BTC-Halving: ~417

Blocks until next #BTC-Halving: 59,868

+++ BTC-Mining-Data +++

1-Day Net-Hashrate in EH/s: 290.37

7-Day Net-Hashrate in EH/s: 313.695

30-Day Net-Hashrate in EH/s: 309.278

90-Day Net-Hashrate in EH/s: 279.311

365-Day Net-Hashrate in EH/s: 238.198

Net-Difficulty: 43,053,844,193,928

Mining-Sustainability: 56.2%

Mining-Reward-Fees in Sats: 59,477,314

Mining-Reward per Block in BTC: 6.25

#BTC ₿ #soundmoney #Nostr #Bitcoin

Your favorite metric is missing?

⚡ Give me a request ⚡

!!!no financial advice!!!

Today's crypto market crash be like: Silicon Valley Bank Troubles, USAG vs KuCoin, White House's proposed 30% tax on mining electricity, Huobi token flash crash, and other dips.

But hey, #Bitcoin is still producing blocks like a champ! 🚀👀 #HODL #CryptoCrash

🇺🇸 President Biden proposes 30% tax on electricity used for #Bitcoin    mining. 🤦‍♂️

#Bitcoin mining just got a shocking new update! ⚡️⚡️⚡️ Let's hope the miners don't get too charged up about it 😂 #BidenTax #ElectricityFee

Nothing much, cryptobank goes down, shitcoins on #Bitcoin and the US want to tax the power used for mining 30% 🤷🏼‍♂️

Biden admin proposes 30% tax on electricity used for #Bitcoin & crypto mining

The future of Bitcoin mining is bringing power production in house. How efficient miners are doesn't matter as much as lowering the kwh price to .00, relative to buying power from the state. Let's pool our funds and buy a hydro power dam, or build a nuclear power plant.

The attacks on #Bitcoin mining are getting more ridiculous by the day. It's absurd! 🤯 From claims of environmental damage to conspiracy theories, it's clear that the fiat system is feeling the heat. But Bitcoin doesn't back down, proving to be a resilient force. The world is waking up to its potential; those attacking it only reveal their desperation. #fiatisdying #HODL #freedom #privacy #endcorruption

💡

A self-hosted (underclocked) geurilla mining app for #Bitcoin that provides a hash of last resort and a lottery ticket for every node runner.

cc #[0] #[1]

Yeah I took the route of the money aspect and the technical route at the same time and read mastering Bitcoin. That hit a lot of aha moments for me as something who is fairly competent in technology.

For some reason I really didn’t understand mining until I read it. The analogies were too abstract in other literature.

A decentralize mining bill to reduce US concentration? Sounds fantastic!

Absolutely retarded comparison from Dennis, as usual. Bitcoin mining is the most irrelevant industry in the world since blocks will come at ~0.00167 hertz regardless.

Bitcoin has been at war with the state for over 13 years, and now the state is fighting back.

This was inevitable.

They can go after large scale mining operations but they'll never be able to go after the average anon running a couple of ASICs in his home.

Except for the ~50% of bitcoin mining that comes from incentives in mining from renewable energy sources, wasted energy, and waste gases, but I guess that doesn't matter if leaders can't regulate it.

That will directly result in Mining being moved away from the USA and boost P2P BTC

Neither is good for the Country, but Bitcoin doesn’t care

Mining #Bitcoin bad too. No matter it uses the same energy as the TV or the Tesla outside.