LiGhTniNg dOeSnT wOrK

I receive over 1000 LN transactions a day

iT iS cUsToDiaL aNd a TooL oF tHe CenTraL bANks

I run my own node and receive transactions as small as one sat at a time and as high as anyone wants to send.

rOgEr vErr wRotE a bOOK something something wHitePapEr

Yup

This

Sums

It

Up

Dan

🇨🇳 Chinese Cement Maker Stock plunges 99% within minutes, wiping out almost $1.8 billion in market capitalization.

The stock was 70% owned by a single controlling shareholder and their spouse!

HT

FinancialWorldUpdates

There is literally a movie released this year call civil war 😳

Nothing more perfectly illustrates inflation happening in front of our collective memory better than this advertisement.

While we work on our platform this week (offline until the 15th), we wanted to take this time to provide some educational content.

This week, we’ll dive into mining.

What is Bitcoin mining in the simplest terms?

Mining is a lottery to create new blocks (or unlock blocks) in the Bitcoin blockchain.

There are two primary functions of miners, and in turn two ways that they make $:

1. They collect fees by verifying transactions and adding them to the blockchain.

2. They receive block rewards for unlocking new blocks and adding to the overall bitcoin supply.

Other important details about mining:

1. New block mined every ~10 minutes (difficulty adjustment regulates this to keep it near ~10 mins)

2. ~144 new transaction blocks are added to the blockchain each day

3. Block reward = 6.25 BTC per block, so ~900 new blocks each day (until the halving in ~10 days)

4. Average Transaction fee for miner = ~.000074 BTC.

Tomorrow we will dive hash, hashrate, hashprice and how mining actually works.

since there’s no drama on here I’m gonna start some shit and say that quite honestly gnocchi is terrible and you might as well eat erasers.

I like both. Villeneuve is doing a good work with the movies. But of course a movie is never like the book, it's just a version. Read the book too but I recommend a paper edition. I particularly like mine.

Try zapstream as vanity npub. With 80 cores that should be possible. An 8 character vanity (240 pow) took me only a bit over 5 days using 4 cores.