I've been looking at solo mining. Only have a small rig of about 100MH, would it be worth it? Is it about luck on finding a block or is it something else? Thanks everyone! submitted by /u/AdmiralAtomicDL [link] [comments]
CEO of financial services company Square Jack Dorsey could take another step further into expanding the Bitcoin ecosystem. Via his Twitter account, Dorsey announced that the company is currently “considering” the possibility of creating a BTC mining system. Related Reading | Square’s Cash App Reports $2.7B In Quarterly Bitcoin Revenue, A 200% Jump A known Bitcoin bull, Dorsey has been exploring the sector throughout 2021 with important partnerships created with Ark’s Cathie Wood. As NewsBTC reported, the partners proposed an alternative driven system to support a renewable energy grid with Bitcoin miners. Now, Square could be based their mining system on “custom silicon and open source for individuals and businesses worldwide”, the announcement said. Dorsey clarified that the mining system could track its hardware wallet model. In August, the company revealed a new project to build a decentralized exchange to facilitate Bitcoin peer-to-peer trading alongside a hardware wallet. Similar to today’s announcement, the company emphasized the need to collaborate with the community and the ecosystem to benefit the project and the network. Dorsey made some reflections on the nature of mining and: Mining needs to be more distributed. The core job of a miner is to securely settle transactions without the need for trusted 3rd parties. This is critical well after the last bitcoin is mined. The more decentralized this is, the more resilient the Bitcoin network becomes. In that sense, the CEO of Square believes BTC mining needs to be “more efficient” and to continue to move towards clean energy. Related Reading | Why Square Will Create New Bitcoin-Focused Company, According To CEO Jack Dorsey As stated in the aforementioned Whitepaper, BTC mining could be used to create and support an alternative energy system. Dorsey believes BTC and its network are a potential source of innovation for the renewable energy dilemma. Square To Work On Bitcoin Mining For The Mainstream Therefore, Square wants to make BTC mining more accessible to everyone in order to resolve the issues around Silicon design and vertical integration in the energy sector. Dorsey said: Mining isn’t accessible to everyone. Bitcoin mining should be as easy as plugging a rig into a power source. There isn’t enough incentive today for individuals to overcome the complexity of running a miner for themselves. What are the biggest barriers for people running miners? The CEO of Square said Jessi Dorogusker will lead a team to research the technical requirements to undertake the project with Afshin Rezayee and Thomas Templeton. Dorogusker said: We will incubate the Bitcoin mining system project inside Square’s hardware team, starting with architecture, design, and prototyping of more efficient silicon, hashing algorithms, and power architectures. At the time of writing, BTC trades at $61,945 with a 7% and 16.1% profit in the daily and weekly charts, respectively.
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Altcoin projects focused on privacy caught a bid today as the bullish sentiment building over a possible Bitcoin ETF approval spreads across the market.
“Steam’s point of view is that items have value and they don’t allow items that can have real-world value on their platform,” claimed one game developer.
Bloomberg analyst James Seyffart reported the crypto futures ETF would be listed with the ticker symbol BITO possibly as early as Oct. 18.
submitted by /u/borntobeignored [link] [comments]
https://preview.redd.it/di0d0hipgot71.jpg?width=900&format=pjpg&auto=webp&s=ee803893277153cf2011f9bf268cee2fc471d07e We're in the yellow circle right now, right about the time of the previous two legendary bull runs of 2013 and 2017 in the last quarter. Almost to the same week. In the case of bitcoin it looks like it has a game plan and follow it to make the fans go wild.…
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This is no financial advice as obligatory. Bitcoin just casually crushed the 60k and is heading to a new moon and It's taking the whole market up. Soon once again we will see alts going 10x 20x hell even 100x up and chasing these coins will be the biggest mistake you could make. It's gonna…
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Ertha’s metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding from 4 venture capitalists. Investors who backed the project seed funding […]
