Bitcoin was designed to be a self-correcting, self-regulating, antifragile network where any imbalance in planning or execution would be punished by the network’s own economics.
The fundamental basis behind the revenue model in BTC is centered on its limitation of its block size capped at 1MB since 2010, resulting in the revenue generated from mining BTC coming from mining rewards or subsidy.
The European Parliament’s economic and monetary affairs committee has voted to exclude the provision in the Crypto Assets (MiCA) framework that would have banned proof of work mining.
This week, Jerry Chan focuses on the economics of the block reward mining industry, explaining why it is one of the most misunderstood aspects of the Bitcoin economy.
Bitcoin is a consensus network designed to solve the Byzantine Generals Problem with proof of work. If that sounds insane, sorry. Fortunately, it’s not as crazy as it sounds.
With this transaction, TAAL gains access to 50 megawatts of clean energy, which the company expects will ultimately allow it to power up to 2 Eh/s of Bitcoin mining in New Brunswick, Canada.
TAAL expects to use a portion of the loan for financing the build out of a world-class industrial scale Bitcoin mining operation at the 60,000 sq/ft facility it has committed to acquire in New Brunswick, Canada.
Comparing models and real-world data from BTC, BCH and BSV, the MNP report "The Search for a More Efficient Bitcoin" found BSV to be the most efficient due to its unbounded transaction processing capacity.
Richard Baker is well-positioned to take over as chief executive, and his time on TAAL's Board appears to have been in preparation for his ascension to the CEO role.
Miners turbo-mining on BSV and BCH has happened in the past, but this is the first time we see such a significant spike without any preceding price increase.
In this episode of CoinGeek Conversations, Dave reflects on the recent CoinGeek Conference in New York City, noting that the BSV community is “strategically thinking about the future, the differentiators, and how it would apply to the rest of the ecosystems.”