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Thursday, January 20, 2022

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Proof of Work

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...

Best Bitcoin Miner in 2021? An Honest ASIC Review.

What is the best bitcoin miner in 2021? Well there is no straight answer. This past year's top performing model is the Whatsminer M30S++...

Swedish Leaders Want the EU to Ban Bitcoin’s Proof of Work

In a recent article in Sweden's liberal news outlet Dagens Nyheter (DN), opinion leaders urge the EU to ban Bitcoin's Proof of Work (PoW)....

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...

Bitcoin Mining Bans and China’s ASIC Exodus

China housed an estimated one-half to three-quarters of Bitcoin’s proof-of-work network, then lost nearly all when the government initiated bitcoin mining bans in the...

BTC Miner Earnings: Sats versus USD Per Terahash

Most bitcoin miners gauge their profitability by the daily earnings per terahash (TH) in United States dollar (USD). For example, today's BTC miner earnings...

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