#Bitcoin Mining Hardware

[bitcoinversus]

Rising Demand, Bull Market, Leads to ASIC Mining Hardware Price Hikes

The Bitcoin mining hardware market is experiencing notable price increases, with Bitmain’s Antminer S21 series units rising by 5-10% month-over-month across various marketplaces. Older models, such as the Antminer S19j Pro, have seen even more significant price hikes, with increases reaching up to 30% in the same timeframe. These price surges reflect a growing demand for efficient mining…

[gdsupplies]

Best Bitcoin Mining Software For 2023

Bitcoin mining works with the help of blockchain technology. It is one of the best ways to increase passive income in the field of cryptocurrency. You can either join the Bitcoin network or start your own Bitcoin Mining journey by providing your processing power.

It is simple to join a pool and earn Bitcoin every month. But it is necessary to choose the Best Bitcoin Mining Software to mine Bitcoin and other coins effectively. Many mining tools are developed every year that help miners to a large extent. In this blog, we will discuss all the best Bitcoin mining tools to choose from in 2023.

Best Bitcoin mining software in 2023 to select for mining cryptos

It is simple to start your own journey of Bitcoin mining by selecting the best Bitcoin Mining Software. High-grade miner gives better performance and high profits every year. Let us have a look at the best Bitcoin mining software to pick in 2023:

1. CGMiner

CGMiner is one of the best miners to mine Bitcoin and other kinds of coins. It is suitable for both new and experienced miners. This miner supports many operating systems and works on different platforms like Linux, Windows, and Mac. 

This miner is an open-source program that supports many mining hardware configurations. You can modify the software as per your requirements and needs while mining the coins. Apart from that, the software is also free of licensing restrictions. So, it is easy to use this software by inexperienced miners.

In addition, you can customize the mining process such as controlling fan speeds and overclocking your processors. You can mine Litecoin, Dogecoin, and Bitcoin with this software. It is easy to set up as well.

2. NiceHash Miner

The next Bitcoin Mining Hardware is NiceHash Miner. It has an easy user interface with a simple setup process. This hardware works on several platforms such as Linux, Mac, and Windows. You can choose the hardware type and download it on your system easily.

There is no need to tweak settings to mine crypto coins. It is a good mining tool for beginners who want to learn cryptocurrency mining. However, you can mine Bitcoin only on this software.

Additionally, this software provides a crypto wallet that can collect various cryptocurrencies. This miner is also available in the form of a mobile app that makes it easy to mine Bitcoin on your smartphone. There is no limit on the number of coins that you can mine with this mining machine.

3. BFGMiner

BFGMiner is a customizable mining tool that helps to run mining Rigs. It has various settings such as clocking speeds and controllable fan speeds. Apart from that, you can also mine different kinds of cryptocurrencies at a time with this machine. This miner is suitable for beginners as well as experienced miners. You can also run this hardware on a raspberry pi machine.

The miner comes with a text-based interface that helps to mine crypto coins easily. Besides, the tool also helps to access the mining rigs remotely. You can also monitor the hardware with speeds and temperature.

In addition, you can hash on various mining algorithms at one time. You can optimize your hardware properly and mine different coins with this tool. One of the best things about BFGMiner is that it detects the profitable coin to mine. So, you can know the type of cryptocurrency to select to earn huge profits.

Additionally, this miner can work with ASIC mining Hardware, GPU, and CPU miners. It has no fees and miners choose it to mine various coins.

4. Cudo Miner

The next on the list is Cudo Miner. It helps to mine around 9 types of cryptocurrencies easily with the help of 5 algorithms. You can also know the profitable coin to mine. It will help to generate huge profits every month by selecting a profitable coin.

Cudo Miner works with ASIC, GPU, and CPU miners easily. Apart from that, the ease of use is also another reason to choose this tool. This miner works on different platforms such as Linux, Windows, and Mac. However, it does not offer any crypto wallet.

The fees of this miner are higher than other platforms. Artificial Intelligence helps to detect the most profitable coin and earn huge profits. You can improve your mining profitability after installing Cudo Miner on your system.

In addition, the miner provides 4 cryptocurrency payout options such as Ethereum, CUDOS, and Bitcoin. It is also free to download on your system. Anyone without mining knowledge can use this miner easily. It also contains some of the best features that help to mine cryptocurrencies of various kinds and earn huge profits every year.

5. MultiMiner

The last on the list is MultiMiner. It is an open-source platform with a BFGMiner mining engine to mine different cryptocurrencies at a time. This miner supports CPU, ASIC, and GPU mining tools. Apart from that, the miner also works on different platforms such as Linux, Mac, and Windows.

It is easy to set up and install this miner on your system. People without technical knowledge can use MultiMiner easily on their PCs. It also contains many customizations that improve the performance of the machine. You do not need to pay any fees to use this mining hardware to mine various cryptocurrencies.

You can gain an access to API with this miner. It also gives a high hash rate while mining different cryptocurrencies. It is one of the best Mining Pools that you can choose for mining coins.

Final words

This is the list of the best Bitcoin Mining hardware and Software for 2023 that you can choose for mining Bitcoin and various cryptocurrencies. These tools contain various features such as low fees, high hash rates, and so on.

These mining tools are easy to use by experienced miners and beginners. They are free to download on your system and work easily with several other miners to mine various kinds of cryptocurrencies.

[asicminershub]

Market Impact of Innosilicon's ASIC Miners

Innosilicon

Innosilicon is a well-known company in the cryptocurrency mining industry that specializes in the design and production of high-performance ASIC miners. Founded in 2006, Innosilicon has established itself as a leading player in the market, delivering innovative and efficient mining hardware solutions to miners worldwide.

The company prides itself on its commitment to research and development, continuously striving to improve upon its previous designs and deliver cutting-edge technology to its customers. By leveraging its expertise in semiconductor design and fabrication, Innosilicon has managed to stay ahead of the competition and earn a solid reputation for its products.

Here is the list of the best innosilicon miners as of 2023 ranked according to profitability, price and durability.

1.Innosilicon KAS Master Pro

2.Innosilicon Kas master 2 THS

3.Innosilicon Kas master 1 THS

4.Innosilicon T4 BTC Miner

5.Innosilicon a11 Pro 8gb

6.Innosilicon a10 pro 6 GB

Mining Hardware

Mining hardware is an essential component of the cryptocurrency mining process. It refers to the physical equipment utilized to validate and record transactions on a blockchain network. As the complexity of mining cryptocurrencies increases, miners require powerful and specialized hardware to compete and generate profits.

In the early days of cryptocurrency mining, miners utilized general-purpose CPUs and GPUs to mine cryptocurrencies like Bitcoin. However, as the industry evolved, ASIC miners emerged as the most efficient and cost-effective solution for mining popular cryptocurrencies. Companies like Innosilicon have played a crucial role in designing and manufacturing ASIC miners that offer superior performance and energy efficiency.

ASIC Miner

An ASIC (Application-Specific Integrated Circuit) miner is a mining device specifically designed to mine cryptocurrencies. Unlike general-purpose CPUs or GPUs, ASIC miners are optimized to perform a single task - the computation required for mining. This specialization allows ASIC miners to perform mining operations significantly faster and more efficiently than other hardware alternatives.

Innosilicon has been at the forefront of ASIC miner development and has released several generations of mining hardware over the years. Its ASIC miners are known for their high hash rates, low power consumption, and durability. The company's dedication to innovation has enabled them to continuously push the boundaries of mining technology.

Their ASIC miners are designed to mine various cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and more. Innosilicon's product lineup includes a range of models catering to different levels of mining operations, from individual miners to large-scale mining farms.

One notable aspect of Innosilicon's ASIC miners is their focus on energy efficiency. The company understands the ecological impact of cryptocurrency mining and aims to minimize energy consumption while maximizing mining performance. This approach not only benefits the environment but also leads to reduced operational costs for miners.

Innosilicon's ASIC miners are designed to be user-friendly and accessible to miners of all skill levels. The setup process is straightforward, and the company provides comprehensive support and documentation to assist miners in getting started quickly. Additionally, their mining hardware is known for its reliability and durability, ensuring that miners can operate their machines without any major interruptions.

The constant evolution of Innosilicon's ASIC miners showcases their commitment to staying ahead in the competitive mining industry. By incorporating the latest advancements in semiconductor technology and constantly refining their designs, they continue to deliver top-of-the-line mining hardware to miners worldwide.

In conclusion, the rise of ASIC miners in the cryptocurrency mining industry has revolutionized the way miners operate. Innosilicon, as a prominent player in this space, has played a vital role in driving this evolution. Their dedication to innovation, energy efficiency, and user-friendly designs has contributed significantly to the progression of the mining hardware market. As the industry continues to evolve, it will be interesting to see what new advancements Innosilicon brings forth to further enhance the mining experience.

[dahabminers]

dahabminers.com

[fhjkl56789]

Is Bitcoin a safe investment in a recession?

Introduction: In the tumultuous seas of economic uncertainty, investors often seek refuge in assets that promise stability and resilience. Bitcoin, the pioneering cryptocurrency, has garnered significant attention as a potential hedge against traditional market volatility. But does its allure endure during recessions? In this exploration, we delve into the question: Is Bitcoin a safe investment in a recession?

Understanding Bitcoin: Before we weigh its recession-proof credentials, let's grasp the essence of Bitcoin. Created in 2009 by an anonymous entity known as Satoshi Nakamoto, Bitcoin operates on a decentralized network called blockchain. Unlike traditional currencies, Bitcoin isn't governed by a central authority like a government or financial institution. Instead, it relies on cryptographic principles to secure transactions and control the creation of new units.

Bitcoin's Appeal: The allure of Bitcoin lies in its unique attributes:

Decentralization: As a decentralized currency, Bitcoin isn't subject to the whims of central banks or governments. This feature appeals to individuals wary of traditional financial systems.

Finite Supply: Unlike fiat currencies that can be endlessly printed, Bitcoin has a capped supply of 21 million coins, making it inherently resistant to inflationary pressures.

Borderless Nature: Bitcoin transcends geographical boundaries, enabling seamless transactions across the globe. This characteristic is particularly advantageous in times of economic turmoil when traditional banking systems may falter.

Is Bitcoin a Safe Haven in a Recession? While Bitcoin possesses notable strengths, its status as a safe investment during recessions is subject to debate. Let's examine both sides of the argument:

Arguments for Bitcoin as a Safe Haven:

Store of Value: Proponents argue that Bitcoin serves as a digital store of value akin to gold, offering a hedge against fiat currency devaluation.

Limited Correlation: Some studies suggest that Bitcoin exhibits low correlation with traditional asset classes like stocks and bonds, potentially diversifying investment portfolios and mitigating risk during economic downturns.

Adoption Growth: Despite initial skepticism, Bitcoin's adoption has steadily increased over the years, with institutional investors and corporations allocating portions of their portfolios to digital assets, signaling growing confidence in its long-term viability.

Arguments against Bitcoin as a Safe Haven:

Volatility: Bitcoin's price volatility is well-documented, with significant fluctuations occurring over short timeframes. This volatility may deter risk-averse investors seeking stability during recessions.

Regulatory Uncertainty: The regulatory landscape surrounding Bitcoin remains murky in many jurisdictions, posing legal and compliance risks that could impact its value during periods of regulatory crackdowns.

Market Sentiment: Bitcoin's price dynamics are influenced by market sentiment and speculative activity, which can exacerbate price swings during periods of market uncertainty.

Conclusion: In conclusion, the question of whether Bitcoin is a safe investment in a recession lacks a definitive answer. While Bitcoin offers unique properties that may appeal to certain investors seeking diversification and hedging opportunities, its inherent volatility and regulatory uncertainties warrant caution. Ultimately, investors should conduct thorough research, assess their risk tolerance, and consult with financial advisors before allocating capital to Bitcoin or any other asset class. As with any investment, prudence and informed decision-making are paramount in navigating the complex terrain of financial markets.

[jcmarchi]

Because of Bitcoin ‘Halving’, Outdated Mining PCs from US Migrate Abroad - Technology Org

New Post has been published on https://thedigitalinsider.com/because-of-bitcoin-halving-outdated-mining-pcs-from-us-migrate-abroad-technology-org/

Because of Bitcoin ‘Halving’, Outdated Mining PCs from US Migrate Abroad - Technology Org

The Bitcoin “halving” event is driving the relocation of outdated US mining computers overseas.

The process of ‘mining’ new bitcoins requires a lot of computational power and needs energy. Image credit: BenjaminNelan via Pixabay, free license

In Bitcoin mining, specialized machines are utilized to validate transactions on the blockchain and earn operators fixed token rewards. Approximately 6,000 older Bitcoin mining machines in the US are slated to be decommissioned and transported to a warehouse in Colorado Springs. There, they will undergo refurbishment and be sold to buyers abroad seeking to capitalize on mining opportunities in more cost-effective environments.

These machines, among several hundred thousand expected, are being refurbished in anticipation of a significant quadrennial update in the Bitcoin blockchain, known as the halving event. Scheduled for late April, this event will reduce the reward that serves as the primary revenue source for miners. To mitigate the impact, miners are upgrading to the latest and most efficient technology.

Given that electricity constitutes the largest expense in mining operations, companies are compelled to seek lower-cost alternatives to maintain profitability. While older computers may still yield profits, they are unlikely to do so within the US market. Experts note that this trend represents a natural migration, with buyers of older machines situated in regions where power costs are minimal.

The concept of halving, integrated by the anonymous Bitcoin creator Satoshi Nakamoto, occurs once every four years to uphold the hard cap of 21 million tokens. The upcoming halving event, the fourth since 2012, will reduce the reward from 6.25 Bitcoin to 3.125 Bitcoin. Despite Bitcoin’s remarkable 50% surge this year to approximately $63,500, the impending halving has heightened the urgency to bring more efficient machines online.

As the halving approaches, the continued use of older equipment poses a risk of electricity costs surpassing mining revenue. While models like the S19 series may no longer be profitable to operate in the US post-halving, they can still yield substantial profits and enjoy an extended operational lifespan when hosted in regions such as Africa.

Some buyers are delaying their purchase of older computers until after the halving event, anticipating further price drops. For example, the cost of used S19 models was approximately $7,030 in March 2022. However, a year later, amidst declining Bitcoin prices, the price plummeted to about $900, further decreasing to approximately $427 this month. The price is projected to drop to around $356 in May, following the halving event.

In response to these price fluctuations, some miners in the US have opted not to sell their hardware but instead, plan to relocate the equipment to regions with lower electricity costs and third-party data centers.

However, not all mining equipment from the US is relocated abroad. Publicly traded companies face challenges in this regard due to the need to consider risk-averse shareholders and concerns regarding transportation costs, equipment breakage, and security.

These machines remain inactive for extended periods, collecting dust, yet companies retain them because they can still yield profits when Bitcoin prices surge, underscoring the cyclical nature of profitability in the mining industry.

Written by Alius Noreika

[crypto-mining-farm]

Vorteile und Nachteile des Bitcoin-Minings

Vorteile und Nachteile des Bitcoin-Minings

Krypto-Mining ist eine beliebte Methode, um Kryptowährungen zu schürfen. Es ist ein Prozess, bei dem viele Computerarbeit leisten, um neue Kryptowährungspakete zu erstellen. Es kann sehr lukrativ sein, aber es gibt auch einige Nachteile. Dieser Artikel wird die Vorteile und Nachteile des Bitcoin-Minings beleuchten und dir ein Verständnis dafür geben, ob du in Bitcoin-Mining investieren…

[theblockminers]

Antminer S17+ (73TH)

It's that time of year again! Theblockminers team is best to release our latest batch of Antminers - the Antminer S17+! The Antminer S17+ is the most efficient, powerful, and silent Antminer on the market. Visit: https://bit.ly/AntminerS17

BUY NOW

[bodhrancomedy]

If you have issue with "the energy spent" to generate AI, you should be advocating for the death of video games.

AI arent bitcoin. The processing power used for AI generation is on equal grounds with film rendering, and playing a high graphic video game at home on your computer, or maintaining a large website. Bitcoin processing is a problem due to the massive size of server farms who are overclocked until they break, generating heat, destroying hardware built with hard mined materials, and spending energy to make a digital number counter go up by 1. AI is not even mildly, not even remotely akin to that problem.

It is very very very very very difficult to take you seriously about a topic you dont understand the problems of. It is hard to trust you at your word when one of your major talking points has literally nothing to do with the problem you are speaking on. If this is your issue with AI use in video game making, you should be railing against the games themselves.

It was one throwaway sentence actually and it would be less processing power to hire an actor than to use AI.

My main issue is that it is fucking over voice actors and is fucking with art. There is no reason to replace voice actors with honestly really shitty AI. There is no reason to replace writers with AI. No reason to use AI art.

I like that you ignored all of those points in favour of the one-line “oh by the way” one.

I think as a performer I understand the issues affecting me.

[house-of-mirrors]

I suppose this is the perfect time to introduce one of my favorite OCs: the IT guy that works for the Bazaar in modern era

The Dauntless Technician

Explains to Wines that even if you delete a drunk post, everyone still saw it and it exists forever. Pretends not to see the hundreds of files of porn when they tune up its PC (it is still in charge of the sex trade after all)

Explains to Spices that you can't delete other people's (Wines') posts but you can block them (Spices doesn't). Goes in and clandestinely blocks access to Wines' pages from Spices' browser to get 20 minutes of peace

Removes viruses from Pages' computer because it keeps clicking suspicious "love story" links. There's an infamous incident where Pages clicked an attachment and introduced ILOVEYOU to the Neath. Explains to Pages that you can't make people unblock you

Pages would probably have some claim over the social media trade. The Technician moonlights as a white hat hacker undermining Pages' censorship attempts

Works closely with Fires, considering Fires probably jumps on owning technology as it advances (electricity, invention are under its domain). Fires thinks the Technician is its best ally because the Technician stands there listening to it rant (as an IT person, they are blessed with godlike patience). The Technician couldn't care less.

Replaces Fires' hardware because it melted it for the third time this week after seeing ragebait posts or reading emails from Iron. Also has to deal with Fires demanding the Technician help it install the latest tech updates the moment they drop, even if the Technician can see they won't be good.

Stones is really into mining bitcoin. Our technician doesn't even try touching that

Helps Happles set up a huge PC setup so it has two separate devices/cameras to stream cooking videos as Mr Apples and more scandalous material as Mr Hearts

The technician's favorite master is Iron. It's never demanding, it quickly adjusts to learning how to use technology, and it never gets into trouble with its devices because it's too paranoid to open spam. Iron is happily rolling in a fortune on the metals used in producing computer chips (and intermittently biting Fires over negotiations)

Embattled in a personal, passionate rivalry with the ruthless and skilled "hacker" who tries attacking the Bazaar every seven weeks, DDOS attacks are themed around water imagery, ransomware demands flesh and reckoning (the Technician doesn't have patience for any of this melodrama). The hacker's screen name is allshallbewell.

The Technician sends out PSAs begging people to recognize this and other parabolan hackers' signatures in spam links, which due to the entwining of computing and parabola, can not only brick your device but have dangerous mental consequences

The Bazaar is a messenger so really would be like the source of wifi/central communications network of the Neath, wouldn't she? The Technician gains an intimate knowledge of her from working so closely into her systems. The Penstock of the seventh city.

If our Technician is revolutionary inclined: can they pull off the job of a lifetime? Push a software update through the Bazaar's network that makes her realize she doesn't have to do all this to impress someone who will never love her? Save the Seventh by writing a program that makes the Bazaar love herself?

[dragon-hoard]

"youre against ai using water in their processors for cooling yet you say nothing about golf courses" sorry golf was not the topic of interest but I also think golf courses should be abolished and changed into community gardens

other media hardware warehouses should also stop leeching water and electricity from their local communities. remember that article about bitcoin mining warehouses that were using 2/3 or more of a cities electric supply?

also personal opinion but ai as it is being commercially used has no lasting value right now. none of it is polished enough to actually be put to use besides generating fake art or bland papers

[bitcoinversus]

Nerdminer Leaks Assembly of New Bitaxe Miner Product

According to Nerdminer.store, a leading micro Bitcoin mining technology shop in Europe, the first assembly of the Bitaxe miner has been revealed, showcasing its innovative design tailored for efficiency. The miner features two prominent heatsinks designed to manage heat dissipation effectively and maintain optimal operational conditions during mining. Nerdminer emphasizes its commitment to…

[gdsupplies]

How To Mine Bitcoin at Home?

Bitcoin is the most profitable cryptocurrency in the world and can be mined at home. You need a mining tool to start mining Bitcoin at home. The process of Bitcoin mining adds new transactions to the blockchain. It involves solving complex mathematical problems to mine new coins.

This blog states How to Mine Bitcoin and the different ways to mine Bitcoin. We will further discuss the detailed procedure to mine Bitcoin with the help of an ASIC mining machine.

What Do You Need to Mine Bitcoin at Home?

It is not as easy as before to mine Bitcoin from home. You need to be careful at every step, from choosing the right crypto mining hardware to installing software on the system.

You will need electricity, a good internet connection, and a good mining rig to start mining Bitcoin at home. Moreover, you will need a Bitcoin wallet to store new coins.

What are the Various Ways to Mine Bitcoin at Home?

You can do Bitcoin mining at home in multiple ways. All these methods need a high capital with technical knowledge and special mining tools. The common methods of mining Bitcoin at home are:

·       ASIC miner

One of the most common methods to mine Bitcoin is by using an ASIC miner. This miner is developed for Bitcoin mining at home. ASIC miners are more efficient than a computer but are affordable as well.

·       Computer with graphics card

Another way to mine Bitcoin is by using a computer including a powerful GPU. These computers can solve complex mathematical problems to validate new Bitcoin transactions and mine new coins.

·       Join a Mining Pool

If you have limited capital, join a mining pool and combine your resources. You can join a group of miners to share your resources and boost the chances of mining new coins. In a mining pool, you can divide the rewards as per the contribution made by every member.

·       Cloud Mining Method

This is not so popular method of Bitcoin mining. You can rent mining power from a cloud mining service. This service provides the management of the mining equipment.

How to mine Bitcoin on a Computer?

You have to first download any Bitcoin wallet on your computer to store new BTC. Then download good mining software that works efficiently with an operating system of the computer. After downloading the software, you have to configure it with the help of a Bitcoin wallet address. Finally, you can start mining after the configuration of the hardware.

How to mine Bitcoin on an ASIC Mining Machine?

We discussed all the methods of How to mine Bitcoin at home. Now, let us discuss the method of mining Bitcoin by using an ASIC miner in this section:

1. Pick a good ASIC miner rig

The first step is to choose the best ASIC miner rig. You must look at your budget and the device’s computational power while choosing the miner rig. It is always suggested to go for the latest models when choosing the ASIC miner rig. But if you have a low budget, go for second-hand models. These models are easily available on various marketplaces and local markets.

In addition, you must consider the amount of physical space that you will save for a miner rig. You must find free space in your home to keep the best ASIC miner.

2. Factors to Determine for Buying a Rig

While purchasing ASIC miners, you must look at various factors. These factors include hardware, power supply, motherboards, frames, and central processing units. They are important to look for while getting a mining rig.

3. Pick the Mining Software

The next step is to choose the mining software. This software is a type of computer program developed to link mining hardware to blockchain and mining pools. Choose the software according to the level of mining experience and expertise that you have. You must also look at your operating system while choosing the ASIC miners.

Mining software can be used for free and by making payments. You can also choose premium versions of mining software to start Bitcoin mining. Some miners charge based on the hash power of the rig that you use.

4. Join a Good Mining Pool

Solo mining is a bit expensive task as you are a beginner. You can join a good mining pool and share your resources to generate more coins. Joining a mining pool will help you add new blocks to the blockchain and divide rewards among the members.

ASIC mining rigs help miners to control the computing power of multiple machines. They direct the computation power to the Bitcoin network and share the rewards for every block. While joining a mining pool, you must look at various factors such as reputation, payment rules, and the size of the group. You must also consider some other factors such as efficiency, customer service, and Latency while joining a mining pool.

5. Calculate Mining Profitability

The last factor to see while purchasing an ASIC miner is the profitability calculator. This calculator helps you to calculate the return on investment (ROI). Some of the most important factors to calculate the profits are current BTC prices, hash rate of mining rigs, energy costs and rig power consumption.

These parameters will be used to calculate the profitability in one day, month and year. You can get many notable profitability calculators on online marketplaces for assessing return on investment (ROI). They help to get a perfect profit planning in the process of Bitcoin mining.

Final Words

Although Bitcoin mining is an expensive at home, it is still a profitable investment for a better future. You must get the Best Bitcoin mining Hardware with special features to start mining Bitcoin right at home.

Mining Bitcoin at home can be done by various methods. You must have all the necessary things such as hardware, good internet connection and Bitcoin wallet to start Bitcoin mining. You can make huge profits with the help of Bitcoin mining.

Read More: Top 8 Differences Between Bitcoin and Bitcoin Cash

[blessphemy]

doing 2 hours of tech support for grandma on her 2017 computer, which she uses purely to write emails and occasional open a Photograph to look at, and it’s huffing and puffing at even that. I’m like girl someone is mining bitcoin on your computer or something a young buck of hardware should not be suffering this badly

[sensoryloss]

imagine an endless feedback loop of funding created in attempt to push tech development as fast as possible to make new hardware that mines bitcoin more efficiently as it gets more difficult over time, on top of an effort by the same group to purposefully make it more difficult to mine in general which necessitates further development of better hardware, and the revenue through sales and the speculation on the product goes into bitcoin which makes the rest of the crypto market (the computing infrastructure developing the tech to mine the bitcoin) with the end goal being something powerful enough to crack the SHA256 encryption that makes up the private keys needed to access a bitcoin wallet in order to take everything when it’s worth the most after the population is onboarded by force through globalized banking after turning your money worthless through hyperinflation and reworking the world’s economy into a standardized UBI CBDC while *you* eat the bugs, live in the pod, and “be happy” while they induce + declare a climate crisis, lock everyone inside, shut off the power, set the planet on fire, and leave the rest of humanity to burn alive while they carry on to other worlds or die during their exit attempt, assuming *you* live to see it because *you* will likely be starved out or LOIC’d early on because *you* didn’t make enough money in time to get out before they started stripmining your neighborhood without warning, effectively ending your bloodline, all because *you* decided not to buy dogecoin.