Bitcoin News and Information Today

What are Bitcoin nodes?

Oct 12, 2021

Running a Bitcoin node is not that complicated. While many people pay attention to what the miners are doing and why proof of work is so important for the network, they often overlook the fact that each node plays an important role. But what is a Bitcoin node, and what is it doing exactly?

China bans crypto – Here is why this isn’t a problem at all

Sep 27, 2021

The Chinese government repeatedly banned cryptocurrencies and related activities over the last seven years. What happened, and why isn’t this a problem for Bitcoin or crypto in a broader sense?

Buying the Dip: El Salvador holds 700 Bitcoin

Sep 20, 2021

The market hasn’t been playing out as many investors had hoped for September. Bitcoin is still in a range after being rejected from 50.000 US-Dollars and is testing the lows of this range again. However, there is one place in this world where at least the government is not afraid of the possibility that the Bitcoin price might fall even lower..

Bitcoin fees – How do they work, and why do you have to pay?

Sep 17, 2021

Miners are rewarded with the block reward with freshly minted BTC each time they successfully produce a new block. But that is just one part of the story of how they get rewarded and which incentive is in place to reinsure that they keep on doing their jobs. Fees have been a part of a larger discussion within the Bitcoin community in recent years.

Block reward: One of Bitcoin’s most ingenious features

Sep 10, 2021

The block reward is one of the important features that serves more than one purpose. It is crucial to understand its relevance, not only for the sake of understanding Bitcoin’s technology but also its value.

Cuba is regulating cryptos – Is this the next country to adopt Bitcoin?

Aug 31, 2021

El Salvador is the first country in the world to recognise Bitcoin as legal tender alongside the US-Dollar. When president Bukele announced this in June 2021, the whole Bitcoin community was more than excited. Now another country seems to take a step towards crypto adoption. But is this the case, or why is Cuba regulating cryptos?

Bitcoin crash: could BTC ever go to zero?

Aug 13, 2021

Bitcoin has seen tremendous growth over the last 5 years. Not only in price, but also in its community and its use. Many analysts have claimed that the bubble has finally popped, but for each time BTC came crashing down, there was another bull cycle afterward that brought it to new highs. The most recent all-time high was around 64.000 US-Dollars.

The hash rate is still down – But the Bitcoin network remains rock solid

Jun 30, 2021

Chinese regulators are shutting down mining operations throughout the country. The hash rate has dropped drastically and many people are concerned that Bitcoin could face a crisis that could not only affect the market, but also the Bitcoin network itself. Today we are going took a look why all these things are important, but are not affecting the functioning of the network itself.

Chinas Bitcoin mining ban is a good thing, here is why

Jun 23, 2021

In the past 7 years China has banned Bitcoin and other cryptocurrencies several times. Most of the time the market reacted heavily, but recovered later not necessarily because a ban was lifted, but the bad news simply dissolved. Why is China banning Bitcoin and this time specifically Bitcoin mining? And how do you even ban the same thing more than one time? In today’s article we are going to take a closer look at recent events and why they are not bad at all.

Volcanos are going to play a central role in Bitcoin mining

Jun 20, 2021

At the first glance it seems to be a little bit far fetched to bring Bitcoin mining and volcanos together. But it was only recently that the world has learned that this is a viable option and that there are already facilities in the making. How is this even possible and are those minted BTC forged in lava? In today’s article we are going to discover a green energy source.

Can crypto reduce their energy consumption?

Jun 02, 2021

Energy consumption of Bitcoin mining has been the most important topic in the media the last couple of weeks. After Elon Musk announced that Tesla will refrain from accepting BTC due to its environmental impact, the whole market tanked. Can Bitcoin and other cryptocurrencies even reduce their environmental footprint? And what needs to change?

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