Author: dfmines

Cryptocurrency News and Public Mining Pools

What is this huge curve in the pool hashrate? noticed a dip in reward

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Just 10 Days After El Salvador’s “Bitcoin Day”, President Bukele Confirms 1.1 Million Citizens Have Chivo Wallet

El Salvador has now marked its 10th day of bitcoin being legal tender in the country. This is a huge milestone that could not have been predicted to happen this soon. But as with bitcoin, everything is happening on an accelerated timeline. The country had introduced its own government-backed crypto wallet named Chivo in order to enable its citizenry to spend bitcoin in the country. The adoption of this wallet was incentivized by the El Salvadoran government, which said that it was giving away $30 in BTC to every citizen 14 and above who downloaded the Chivo app. This announcement had come about a month before the law went into full effect and as of September 7th, El Salvador became the first sovereign nation to accept a cryptocurrency as legal tender. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course One important point remained if the citizens of the country would actually assimilate into using bitcoin as a way of buying and selling. This is because BTC is not the only legal tender in the country. It operates alongside the U.S. dollar, which is already familiar to the residents. According to a recent tweet by President Nayib Bukele, it looks like El Salvadorans are adapting to using the crypto as legal tender just fine. 17% Of El Salvadorans Have Downloaded Chivo Wallet The president took to his Twitter account to announce that 17% of the country had now downloaded the government-backed Chivo wallet. This number translated to about 1.1 million citizens who have already downloaded the wallet. This comes only 10 days after the country had officially started using BTC as legal tender. The president added that this number was despite the fact that 65% of all of the smartphones in the country do not support the wallet. Yet they were recording an impressive number of downloads. Related Reading | While Broader Crypto Market Holds Its Collective Breath, Whales Are Loading Up On Bitcoin El Salvador might not be seeing the smoothest transition to using BTC as a legal form of currency in the country but the current numbers show that its citizens are adjusting to the new normal. The $30 incentive for downloading the wallet is paid after a user registers and confirms their identity on the app. Paying With Bitcoin Paying with bitcoin in El Salvador is getting easier as outlets implement bitcoin payments. Big franchises like McDonald’s and Starbucks have already begun accepting bitcoin payments on “Bitcoin Day.” Another interesting fact about using BTC in the country has to do with the number of crypto ATMs currently installed. Data shows that just behind the United States and Canada, El Salvador now ranks third in the highest number of crypto ATMs installed. The government had installed crypto ATMs across the nation to facilitate ease of use. BTC trading north of $47K | Source: BTCUSD on TradingView.com Featured image from Bitcoin News, chart from TradingView.com

Bitboy spreads FUD on twitter. Benjamin Cowen and others reply and make fun of him

Bitboy once again started spreading FUD on twitter. This is what he tweeted: "I expect the #Bitcoin bull to TOP within two weeks of September 27th. This bleeds into October so think about that. All in all, this cycle could wrap up before fall ends. Take your profits off the table if you are in…
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CipherShooters Release v0.1 Whitepaper

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Spotted in Austin, makes sense.

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$2 Billion Worth of Unpeeled Casascius Physical Bitcoins: There’s Less Than 20,000 Coins Left Active

While bitcoin continues to become more scarce every day, the most popular set of physical bitcoins, crafted by Mike Caldwell from 2011 to 2013, have become far scarcer than their digital counterparts. As of September 18, 2021, there are now less than 20,000 active bitcoins from the Casascius physical bitcoin collection. Casascius Physical Bitcoin Collection […]

Ended up paying 45c on a binance smart chain transaction thru web3.py

i'm new to web3 development with web3 python and was trying out the following script: from web3 import Web3 key = "thisismyprivatekey" address = "0x8Aaca3e2a858c2d5c3ABA66a343A6F6DEA5017e9" w3 = Web3(Web3.HTTPProvider("https://bsc-dataseed1.binance.org:443")) nonce = w3.eth.getTransactionCount(address) tx = { "nonce" : nonce, "to" : recipient, "value" : w3.toWei(amount,'ether'), "gas" : 21000, "gasPrice": 50 } signed_tx = w3.eth.account.sign_transaction(tx,key) sent_tx = w3.eth.sendRawTransaction(signed_tx.rawTransaction)…
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Looking for the best faucet? Then Final AutoFaucet is the one.

As you all know by now there are plenty of faucets online, but Final AutoFaucet DutchyCorp is the best one I have encountered so far for earning crypto. ​ For starters, it has currently 56 different cryptocurrencies, and you can claim them at your own pace with a refresh timer and 3 different payment modes.…
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We Like the Nouns

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