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El Salvador has passed landmark legislation providing the legal framework for a Bitcoin- backed bond - known as the "Volcano Bond" - that will be used to pay down sovereign debt and fund the construction of its proposed "Bitcoin City". The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. The National Bitcoin Office of El Salvador announced the passage of the bill in a Jan. 11 Twitter thread, noting that it would begin issuing the bonds soon. According to crypto exchange Bitfinex, which is the technology provider for the bonds, the Volcano Bond or Volcano Tokens - would allow El Salvador to raise capital to pay down its sovereign debt, fund construction of the Bitcoin City and create Bitcoin mining infrastructure. The volcano descriptor for the bonds is derived from the location of the country's Bitcoin City, which is set to become a renewable crypto-mining hub powered by hydrothermal energy from the nearby Conchagua volcano. Bitfinex notes that the city would be a special economic zone similar to those seen in China, which would offer tax advantages, crypto-friendly regulations and otherwise incentivize Bitcoin businesses for its residents. The bonds have been targeted to raise $1 billion for the country, with half of it going into building the special economic zone. According to the initial proposal, the tokenized bonds would be denominated in U.S. dollars, have a ten-year maturity date and carry an annual interest rate of 6.5%. Samson Mow, a Bitcoin proponent who has been involved in the development of the Volcano Token, told Cointelegraph that the bill's passage could help turn the country into a "major" financial hub. #bitcoinworld #cryptotraders #bitcointalk #bitcoininvestor #investinbitcoin #bitcoinatm #invest #cryptoinvestment #bitcoinart #poloniex #blockchain #bch #altcoin #bitcoinsallday #bitcoinvalue #bitcoinminers #cryptocrunchapp #cryptomonedas #bitcoinminingpool #cryptocurrency #shiba #shibainu #elsalvador🇸🇻 https://www.instagram.com/p/CncDD9YsN6-/?igshid=NGJjMDIxMWI=
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“I don’t understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integrate than traditional payment gateways. Less paperwork. And reaches a more diverse demographic and geography.the right time to take a step and join the digital currency world 🌎,we buy , sell and give gudiance related to digital asset, tap in for more info ℹ️
“#bitcoin #bitcoinmining #cryptoinvestment #cryptoinfo #bitcoins #bitcoinnews #bitcoincash #bitcoinprice #bitcointrading #bitcointrader #bitcoinusa #bitcoinuk #bitcoinsallday #bitcoinwallet #bitcoininvestment #bitcoinmemes #bitcoinguru #bitcoincanada #bitcointrade #bitcoinmillionaire
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African individuals who lack dependable internet access are utilizing bitcoin for peer-to-peer transactions via Machankura. This solution, created by South African software developer Kgothatso Ngako in 2022, enables access to the Lightning Network via an Unstructured Supplementary Service Data interface on mobile phones' Subscriber Identity Module telecommunication network. USSD is like Interactive Voice Response and facilitates transactions.
👉Follow @somquest
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Remember trends start out as fads #bitcoin #bitcoins #bitcoinprice #bitcoinnews #bitcoinmining #bitcoinbillionaire #bitcoinsignals #bitcointrading #bitcoinexchange #bitcoinminers #bitcoinminer #bitcoiner #bitcoinvalue #bitcoinmillionaires #bitcoinacceptedhere #bitcoinsallday #bitcoinwallet #bitcointrends #bitcointechnology #bitcoininvesting #bitcoinclub #bitcoinguru #bitcointrader #bitcoinatm #bitcoinuk #btcmining #bitcoinworld #bitcoinfutures #bitcoinmanagement #bitcoinasia (at Bitcoin Investment) https://www.instagram.com/p/CUty5G-gzkc/?utm_medium=tumblr
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How many Bitcoins will be mined in 2022?
Currently, about 900 new Bitcoins are mined every day. If this continues throughout 2022, about 328,500 Bitcoins could be mined this year.
Interestingly, more people mining Bitcoin does not lead to an increase in the number of coins mined. The block reward is currently set at 6.25 (it will stay that way until the next bitcoin halving), and a block is mined about every 10 minutes. Increased competition for blocks will lead to a higher hash rate, but the number of new coins mined will remain the same.
Alternatives to mining bitcoin
For those who opt for the tedious task of mining cryptocurrencies, the best cryptocurrency to mine might be the one with the least difficulty and the highest price.
Of course, this dynamic is subject to constant change, so the best cryptocurrency you can mine today may not necessarily be the best currency tomorrow.
Historically, altcoin miners have only made significant profits when they have mined lesser-known, cheaper coins in the weeks and months leading up to a big price spike or "alt season." This has happened twice so far - once in 2017 and again in late 2020/early 2021.
Smaller altcoins tend to have a lower difficulty level, so it's easier to mine more of them in a short period of time.
Significant investment in mining altcoins is comparable to buying a lottery ticket. The chances of success are low, but the payoff could be substantial for a lucky few.
Is it worth mining Ethereum in 2022?
Some may say that mining Ether (ETH), the token that powers the Ethereum network, is worthwhile in 2022 because it could be the last year in which it is possible.
Recommended: Ethereum 101: What is Ethereum and how does it work?
Ethereum developers are working on an upgrade to the network called "Ethereum 2.0." This upgrade will change the consensus mechanism for Ethereum from proof-of-work to proof-of-stake. The first phase of the upgrade began in December 2020 and the final phases are planned for 2021 and 2022.
While it will still be possible to mine ETH as long as the network uses Proof-of-Work, this will no longer be possible with Proof-of-Stake. Instead, only those who own large amounts of ETH will be able to deploy their tokens and become "validators." Validators will have the chance to win the rewards of the next block, with the highest chances of winning going to those who have deployed the largest amount of ETH.
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Scam coin 😤 . Follow @provencrypto Follow @provencrypto Follow @provencrypto . . . . #bitcoin #crypto #bitcointrading #bitcoinnews #ethereum #bitcoinexchange #xrp #ltc #buyance #altcoins #cryptocurrencynews #bitcoinsallday #blockchainnews #cryptoinvestor #cardano #bitcoinatm #smartcontracts #xtz #xlm #cryptomeme #tradingmemes #investtoday #investblack #cryptoart #cryptocurrencys #digitalgold #halving #bitcoinmeme #coruption https://www.instagram.com/p/CXqg0r5MnEk/?utm_medium=tumblr
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There has been some buzz around this new cryptocurrency investment platform (HYIP) that I decided to have a closer look.
Chances are someone has approached you with this investment opportunity and the juicy 3.6% daily forever return on investment, and you landed here to see if it is legit or not.
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Reposted from @bitcoinpricedaily DOUBLE TAP & HODL🚀 Go Follow 👉 @crypto.pages f you are new in Crypto! - For Daily Crypto Content 👇 - Go Follow 👉 @bitcoin.og ✅ Go Follow 👉 @bitcoin.og 🏕️ Go Follow 👉 @bitcoin.og 🚀 Merch👉 @thebitcoinwear Recommend Broker: @eaglefx_com - #localbitcoin #bitcoingold #blockchainwallet #binarytrades #bitcoinsallday #litecoinmining #cryptonews #bitcoinhalving #crpto #coinbasewallet #digitaltrading #cryptocurrencymarket #bitcoinmoney #cryptos #followforfollowbackfast #follow4followback #cryptoinvestor #followforfollowback #followtrain #dogecoin (en Guayaquil, Ecuador) https://www.instagram.com/p/CRNAMTrFS_a/?utm_medium=tumblr
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21 million bitcoin. Keep printing central bankers, I own the asset, that drinks up your liquidity, first. 🤓 #bitcoincharts #business #trader #coinbase #bitcoiner #eth #forexsignals #binary #forextrading #bitcoinasia #bitcoinusa #bitcoininvestment #bitcoinmillionaires #bitcoinbrasil #investor #bitcoinsallday #bitcoinwallet #blockchaintechnology #forexlifestyle #ripple #altcoins #success #usa #mining #binance #bitcoinuk #cryptomining #bitcoincanada #hodl #financialfreedom (at Lazy Dog Restaurant & Bar) https://www.instagram.com/p/CMieYb1A4KF/?igshid=1uh0qx5gn21ic
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Things that Happens with bitcoin Investors
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We bought a liter of cane juice in the streets of Caracas paid with @dashtext the money of the people without paying any fees!!! #Bitcoin #bitcoins #bitcoinnews #BitcoinBillionaire #bitcoincash #bitcoinminer #bitcoiner #bitcoinvalue #bitcoinacceptedhere #bitcoinsallday #bitcoinadoption #BitcoinClub #realbitcoinclub #bitcoinmap #bitcoinworld #Cryptocurrency #cryptocurrencynews #cryptocurrencymining #dashnewsespanol #CryptocurrencyLifeInvest #cryptocurrencyisthefuture #DashNews #cryptocurrencys #cryptocurrencyrevolution #cryptocurrencyTakingover #BCH #dashpay #crypto #cryptocurrencies @cointext @bitcoincashersorg @bitcoincashbangalore @bitcoin.info @bitcoin.com_official @bit_coin_com @haydenotto @coinspice_memes (hier: Caracas) https://www.instagram.com/p/B1EQwfTA900/?igshid=i64f6rx3z9kb
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How long will it take to mine 1 bitcoin in 2022?
The time it takes to mine an entire Bitcoin varies and largely depends on the hashing power a miner contributes. In general, the more hashing power, the faster a block is solved, so the miner receives the block reward in the form of newly minted bitcoins.
The difficulty of the mining is another important variable. The lower the difficulty, the greater the chance of finding a new block.
When prices rise, this motivates more people to mine for coins. Then, when the bitcoin hash rate increases because more miners come online, the difficulty adjustment (which happens every two weeks) tends to go up.
When prices go down, the opposite is true, as the cost of bitcoin mining equipment and electricity increases relative to the value of the coins being mined. When the hashing power goes offline, the difficulty tends to adjust downward.
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DOUBLE TAP & HODL🚀 Go Follow 👉 @provencrypto f you are new in Crypto! - For Daily Crypto Content 👇 - Go Follow 👉 @provencrypto ✅ Go Follow 👉 @provencrypto 🏕️ Go Follow 👉 @provencrypto 🚀 - #localbitcoin #bitcoingold #blockchainwallet #binarytrades #bitcoinsallday #litecoinmining #cryptonews #bitcoinhalving #crpto #coinbasewallet #digitaltrading #cryptocurrencymarket #bitcoinmoney #cryptos #followforfollowbackfast #follow4followback #cryptoinvestor #followforfollowback #followtrain #dogecoin 🍉🍉🍉 🙏🙏 😂😂😂🚀 https://www.instagram.com/p/CP24HIzAHLZ/?utm_medium=tumblr
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