An interesting talk about Bitcoin mining – check it here. While Bitcoin’s energy consumption has been a subject of concern, its potential to positively impact energy grids and ESG principles cannot be overlooked. Achieving these benefits requires a collaborative effort between the mining industry, energy providers, regulators, and environmental organizations to promote sustainable practices and […]
Tag: bitcoin mining
The Bitcoin mining calculations – Difficulty and Hash Rate
First of all a good way to look up any Bitcoin related topics search these sites: Bitcoin.org or Bitcoin Wiki. Let´s dig deeper into the questions of mining. This post will be simplistic and if you want, you can look deeper into Bitcoin wiki or search the web. Difficulty The difficulty is changed every 2016 […]
Mining Bitcoin
Everybody has probably heard about a Bitcoin miner, but what are these people actually doing? First of all, if you have not read the Bitcoin whitepaper you should. Check it out here. Little history The first Bitcoin block #0 was mined back in 2009 (2009-01-03) by the unknown Satoshi Nakamoto. This was the very start […]