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Bitcoin’s Poisson Paradox

Bitcoin's Poisson paradox refers to the fact that many people wait longer than 10 minutes for a confirmation of their BTC transaction, even though...

Bitcoin and Renewables, A Miner’s Observations

Bitcoin and renewables cannot save us from climate change, but they can help. It is capitalism and the need for continued economic growth that...

Satoshi Mined the Genesis Block, Let’s Verify It

Satoshi Nakamoto mined Bitcoin’s genesis block on this day thirteen years ago. Included in the block was a miner subsidy of 50 BTC. This...

How are Bitcoin’s Difficulty and Hash Rate Calculated?

How are Bitcoin’s difficulty and hash rate calculated? Bitcoin’s difficulty is adjusted bi-weekly to speed up or slow down the block pace to a...

How Much Power does it take to Mine a Bitcoin?

How much power does it take to mine a bitcoin? In this assessment we find that an average of 143,000 kWh of energy is...

BTC Price Follows Hash Rate? No, not Necessarily.

Bitcoin's price correlates with its hash rate under certain circumstances, but not as a rule. Thus, we don't subscribe to the the price follows...

How Much Does it Cost to Mine a Bitcoin? Update May 2021

Since our last article on the cost to mine a bitcoin the BTC price and earnings/TH have nearly doubled. And, thanks to BTC price...

How Much Does it Cost to Mine a Bitcoin?

*See our updated article for May 2021* Bitcoin is a Proof-of-Work cryptocurrency, thus coins have an intrinsic value due to the cost for miners to...

Bitcoin’s Dominance and why History Matters

Bitcoin's dominance has been on the rise this 2020-2021 bull run. As price increases and market capitalization gain traction, adoption is proliferating. Bitcoin now...

Crypto Crime: Do Criminals Prefer E-Currencies Over Fiat?

As we discover, crypto crime accounts for a minuscule amount of illicit activity. Likewise, proceeds from crime represent a tiny fraction of the crypto...

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