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Block Pace

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...

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...

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