A panel moderated by CoinGeek’s Patrick Thompson discussed blockchain mining, the amount of energy it consumes, and how to make blockchains more efficient on day three of the BSV Global Blockchain Convention.
A few conferences, a global pandemic and a lot of long hours later, CoinGeek has grown immensely and at the BSV Global Blockchain Convention, Kurt Wuckert Jr. is rolling in as a CoinGeek veteran.
Kurt Wuckert Jr. and Michael, aka ‘Root,’ recently stopped by the Brittany Bitz Podcast to talk about BSV, mining, GorillaPool, and more.
Bloom filters being sunset in BSV is a little more interesting because they are incompatible with massive scaling due to the inefficient way that it breaks out address data for light clients.
Joshua Henslee is back with another video talking about the new record blocked mined by GorillaPool and its implications for Bitcoin mining now and in the future.
In this episode of CoinGeek Weekly Livestream, Kurt discussed his views on Florida Citadel, several satellite events he's planning that are geared toward specific industries, and more.
The current innovation of ASIC miners to make hashing as powerful as possible while efficient as possible is not accounting for a scenario of fee income rising.
At 3.82GB in size, the single block (#73689) was also Bitcoin's second largest ever. It earned its processor GorillaPool.io over 9.757 BSV in transaction fees alone, on top of the regular 6.25 BSV block subsidy.
BSV developer and thought leader Joshua Henslee recently released a video explaining why he thinks BSV miners need to raise the maximum transaction size limit ASAP and why it matters.
Aside from the point that this transaction alone is bigger than the small blocks on competing Bitcoin forks, this shows how utilizing the blockchain properly can provide a long-term source of revenue for miners even after the block subsidy has diminished.