A quote from a recent news article at bitcoin.com: Over the course of the past twelve hours, the Bitcoin Cash (BCH) blockchain has been chugging along (…) The network is operating at 26% of the original chain’s difficulty as mining has become much easier on the BCH chain. Can Bitcoin Cash be the savior of… Read More Bitcoin Cash to resurrect old ASIC miners?
The screenshot below was taken from https://bitcoinfees.21.co/ at 8.05am UTC on August 1, 2017 — the day everybody stopped sending Bitcoin due to the coming of Bitcoin Cash UAHF. At the time of writing, the fork is about 3 hours away, but because everybody is playing it safe and many bitcoin exchanges have stopped trading and… Read More The Day Bitcoin Stood Still
Finally! A book about Bitcoin that doesn’t treat its readers with soft gloves. The Bitcoin Tutorial: Develop an Intuitive Understanding of the Currency and Blockchain Technology by Bruce Kleinman is an excellent text-book for the technical user who wants to know what Bitcoin is, all gory details included.
Monthly Bitcoin Earnings: 48.93322 mBTC (approx. €116.00/$137.00 at the time of writing). Events that shaped the month: The future of Bitcoin seems secure for now, or at least the market thinks so: the BTC/ETH/LTC recovered almost completely from the mid-June crash. New supplies of AMD Radeon RX4xx/5xx and Nvidia GTX1060/GTX1070 have begun to reappear on Amazon… Read More Earnings Update (July 2017)
Well, folks — it looks like SegWit is here to stay. This change to Bitcoin protocol promises, among other things, a reduction in the cost of bitcoin transaction fees, which have been growing by leaps and bounds (more than 1200% in two years). They have become unreasonable to the point of abandoning one of the… Read More Bitcoin Transaction Fees after SegWit2x Lock-In
Doing research on Bitcoin and the blockchain is fascinating. Trying to imagine a future where crypto currencies will be the only kind of money we will be using is so much fun. When I let my mind wander, I also want to keep my hands busy (and, hopefully, away from my d*ck). Since I haven’t… Read More Bitcoin Faggotry