Tech Stocks Bleed Out Five Full Bitcoin Network’s Worth Of ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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r/CryptoMarkets

FOREX community for cryptocurrencies. Tags: mt gox bitcoin, long term potential, open source exchange, low inflation rate, demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, Litecoin, Monero, Dash, Augur, token, volume, oscillator, RSI, stochastic, trend, sentiment, strategy, scam, coin, coinmarketcap, altcoin, Peercoin, script, blockchain, PoW, PoS, Proof of Work,
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Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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This is the sound cybernetic hornets make as they protect the Bitcoin network while simultaneously helping to make Oil & Gas producers more efficient with their waste gas.

This is the sound cybernetic hornets make as they protect the Bitcoin network while simultaneously helping to make Oil & Gas producers more efficient with their waste gas. submitted by siddude11 to Bitcoin [link] [comments]

The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power

The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power submitted by ethereumflow to CryptoCurrency [link] [comments]

It costs between $5 and $270 to enter one of the Samourai mixing pools, exclusive of Bitcoin network fees. If only there was a cheaper and faster way to transact privately.

It costs between $5 and $270 to enter one of the Samourai mixing pools, exclusive of Bitcoin network fees. If only there was a cheaper and faster way to transact privately. submitted by SamsungGalaxyPlayer to Monero [link] [comments]

A single dapp on Ethereum, Uniswap, pays more fees to its users than the entire Bitcoin network

A single dapp on Ethereum, Uniswap, pays more fees to its users than the entire Bitcoin network submitted by burstymy to CryptoCurrency [link] [comments]

The Bitcoin Economic Model & The Bitcoin Network Model

Bitcoin's economic model is the foundation for a whole new internet architecture, the Bitcoin network model, but many people dislike the idea of replacing the current TCP model with a 'pay to view' or 'pay per click' model in which the entire internet is run on top of an economic model.
In the Bitcoin model, a mouse click costs 1/10000th of a penny, a google search might cost 1/100th of a penny, a webpage might cost 1/10th of a penny and a Netflix video might cost a penny per minute.
Why is this important? It opens up a whole new realm of possibilities in terms of how you get paid for creating content, and it opens up huge new opportunities for entrepreneurs to open businesses based on micropayments.
In simple terms, an internet based on Bitcoin allows users to set the price at which others can open a connection to them. In other words, if you want to call me, I can choose how much you have to pay to talk to me. If you're my best friend, I can charge you less than a penny per minute. If you're my ex-girlfriend, I can charge you $5 per minute. It's high enough that if you have to talk to me, you can call me, but you won't waste my time... and if you do, I can always raise the price again.
It sounds like a frivolous example, but take the model and apply it to advertisers. How many adverts do you get bombarded with every day that you don't want to see? In your youtube videos for example? Or on your facebook feed. Well, in the bitcoin model, where the internet itself is built on bitcoin, you can charge advertisers to open a connection to you. So that Grammarly advert you hate? You can charge them $100 to watch their advert. Or, you can set a low rate, like $1 and if they think you're worth it, they can set a budget as to how many advertising dollars they're willing to waste on trying to acquire your custom. But crucially, YOU GET THEIR CASH.
It's a much better model. If you don't want to see any Grammarly adverts you just set the rate at which Grammarly can connect to you to $10,000 per second and never hear from them again.
In Dimely, you can set the rate at which others connect to you. So let's say you're an English teacher, or an online Psychotherapist, or a Legal Consultant. You can charge customers for your time. You set your rate per minute, and they connect to you for as long as they can afford to. You can even negotiate the price in the call, and adjust your price for different clients and the blockchain acts as a permanent record of the exchange which is useful for contractual purposes.
Once you get your head round this fundamental idea, then you start to realize the possibilities. You can charge people to open a connection to you, and your content.
In an enterprise situation, you might be a Hollywood movie studio, publishing a movie to the blockchain. It might cost you $100,000 to upload a single movie at today's prices, but you could stream the movie direct to people's wallets, and they'd pay $1 a time (for example). If you have a million views, you've just made $900,000 revenue. That's a good peer-to-peer distribution model for Hollywood movies, but you can do the same for music, self produced or mass produced, as well as art and literature, blogs, websites, and any other kind of data you can think of.
That's Bitcoin.
Bitcoin is BSV.
submitted by Jo_Bones to bsv [link] [comments]

From 2013: "The bitcoin network is now more powerful than the top 500 supercomputers, combined". So, how big is now in 2020?

From 2013: submitted by simplelifestyle to Bitcoin [link] [comments]

Only 2,500,000 BTC left to min. The bitcoin network has passed the 18,500,000 BTC in circulation mark

Only 2,500,000 BTC left to min. The bitcoin network has passed the 18,500,000 BTC in circulation mark submitted by CommercialTouch9 to CryptoCurrency [link] [comments]

The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power

The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power submitted by NakeyDooCrew to Buttcoin [link] [comments]

It costs between $5 and $270 to enter one of the Samourai mixing pools, exclusive of Bitcoin network fees

Source: https://www.whirlpoolfees.com/
If only there was a cheaper and faster way to transact privately. It's good that Samourai wallet exists for those who use it, but this user experience is quite horrible.
submitted by SamsungGalaxyPlayer to CryptoCurrency [link] [comments]

The Bitcoin network has passed 18,500,000 BTC in circulation. Less than 2,500,000 left and half of those will be mined in the next 4 years.

The Bitcoin network has passed 18,500,000 BTC in circulation. Less than 2,500,000 left and half of those will be mined in the next 4 years. submitted by chartsbtc to Bitcoin [link] [comments]

Bitcoin Network Only Has 2.5 Million BTC Left To Mine

https://insidebitcoins.com/news/bitcoin-network-only-has-2-5-million-btc-left-to-mine
submitted by cryptoanalyticatech to Bitcoin [link] [comments]

Has anyone evaluated what it takes to implement zkrollups in bitcoin network?

Zk-rollups are suggested as a promising L2 scalability solution for Ethereum. I do not understand that technology yet, so unable to comment how complex it is to implement this with Bitcoin network. What does the bitcoin community think about this solution and has anyone evaluated what changes are needed in the Bitcoin implementation to enable this solution? (Most likely through some hardfork).
submitted by transcendlabs to Bitcoin [link] [comments]

The Bitcoin Network Is Estimated To Consume Over $3 Billion In Electricity Annually

The Bitcoin Network Is Estimated To Consume Over $3 Billion In Electricity Annually submitted by areddituser46 to CryptoCurrency [link] [comments]

Bitcoin network just made two new all-time highs: difficulty and mining hash rate

Bitcoin network just made two new all-time highs: difficulty and mining hash rate submitted by coinsmash1 to CryptoCurrency [link] [comments]

Am I the only one who finds it hilarious that ethereum's ponzi central earns more money from fees than entire bitcoin network?

Am I the only one who finds it hilarious that ethereum's ponzi central earns more money from fees than entire bitcoin network? submitted by Cthulhooo to Buttcoin [link] [comments]

Non-monetary use of bitcoin/ bitcoin network

I would like to learn more about non-monetary use of bitcoin/ bitcoin network. I understand that it can be used for timestamping. Any other use cases? Any interesting resources about this topic?
Thanks!
submitted by Fenix_one to Bitcoin [link] [comments]

The bitcoin network hashrate is ATH, I believe S19 are running now and more will join

The bitcoin network hashrate is ATH, I believe S19 are running now and more will join submitted by Valarhash to BitcoinMining [link] [comments]

Bitcoin Network Status Update Tuesday, September 29, 2020

Status of the Bitcoin network as of Tuesday, September 29, 2020 at 12:00:01 EST:

Total bitcoins: 18,503,258.544971
Height: 650,534
Difficulty: 19,314,656,404,097.000000
Statistics for the past 24 hours:
Number of blocks mined: 137
Total bitcoins output (amount sent): 2,474,193.503378
Total fees: 78.281571
Average time until block found: 10 minutes, 30 seconds
Estimated hashrate: 131,538,738,415.332581 gh/s
Current price: US$10,716.12
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Saturday, September 12, 2020

Status of the Bitcoin network as of Saturday, September 12, 2020 at 12:00:02 EST:

Total bitcoins: 18,487,052.294971
Height: 647,941
Difficulty: 17,345,997,805,929.089844
Statistics for the past 24 hours:
Number of blocks mined: 158
Total bitcoins output (amount sent): 2,807,707.871366
Total fees: 77.698045
Average time until block found: 9 minutes, 6 seconds
Estimated hashrate: 136,239,327,984.983673 gh/s
Current price: US$10,361.57
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Saturday, September 19, 2020

Status of the Bitcoin network as of Saturday, September 19, 2020 at 12:00:01 EST:

Total bitcoins: 18,494,258.544971
Height: 649,094
Difficulty: 17,345,997,805,929.089844
Statistics for the past 24 hours:
Number of blocks mined: 153
Total bitcoins output (amount sent): 3,340,167.522354
Total fees: 68.671239
Average time until block found: 9 minutes, 24 seconds
Estimated hashrate: 131,927,956,872.937958 gh/s
Current price: US$11,098.07
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Tuesday, September 29, 2020 (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

09-26 21:25 - 'Bitcoin Network properties are analogous to laws of Thermodynamics. I call it Bitcoindynamics' (medium.com) by /u/Lux_BTC removed from /r/Bitcoin within 301-311min

Bitcoin Network properties are analogous to laws of Thermodynamics. I call it Bitcoindynamics
Go1dfish undelete link
unreddit undelete link
Author: Lux_BTC
submitted by removalbot to removalbot [link] [comments]

Data Networking for Medium Size Bitcoin Mining Operations ... Who controls the Bitcoin network? Bitcoin Network - YouTube Bitcoin Protocol Tutorial #7: The Network Bitcoin's Lightning Network, Simply Explained! - YouTube

Operators of the prominent bitcoin mining company, Bitclub Network, have been arrested and charged with fraud by the US Department of Justice in December 2019. In this article, you will learn about the rise and fall of the BitClub Network scam, which has defrauded thousands of bitcoin investors. What is BitClub? The BitClub Network is […] Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. The Bitcoin network is as powerful as 9.1 million horses (horsepower) of energy or 14,000 Corvette Z06s engines. The BTC network is as powerful as 2,884 utility-scale wind turbines or 9.1 million ...

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Data Networking for Medium Size Bitcoin Mining Operations ...

Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... Bitcoin has a 7 transaction/second limit, so how can we overcome this? The Lightning Network is one of the proposals and in this video I'll explain how it wo... EXCELLENT technical lecture by Andreas Antonopoulos on how Bitcoin protocol works and how consensus is reached by the blockchain network. UCL, London 2015. T... No one has the Bitcoin network just like nobody has the innovation behind e-mail. Bitcoin is regulated by all Bitcoin users all over the world. While developers are boosting the software program ... As you plan expand and grow your Bitcoin and Altcoin mining operation, data networking becomes more important. This video discusses network switches, firewal...

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