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The Bitcoin network has settled $339 billion of BTC in the first three weeks of 2023. 🚀 #BuyTheNumbers powered by HIVE Blockchain Technologies LTD
📝 Today's Rundown
  • 💥 A New Record: CleanSpark reports mining 697 bitcoin in January.
  • ⛏️ Miner Setbacks: The bear market has left bitcoin miners behind their traditional gold mining counterparts.
  • ⚖️ Scaling Nostr: Users must be incentivized to run relays.
A Bitcoin 2023 Treasure Hunt
Each week leading up to April 2023, a single-use unique code in the format of "BMDAILY50[X]" (with [X] being varying bitcoin terms) will appear in a random daily newsletter hidden within the content. The code will get the lucky winner 50% off tickets to the Bitcoin 2023 Conference in Miami, happening May 18-20.
  • Fiat payments only
  • Applicable to GA Pass only
  • Limited time offer
Be sure to check the daily newsletters as soon as you receive them to try and win! 
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💥 A New Record

CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December
By BtcCasey                       

CleanSpark, a bitcoin mining company, reported a record month with a 50% increase in bitcoin mined in January compared to December.

They now hold 301 BTC, an increase of 32% from December, and have 98% uptime across their sites.

The company reports having approximately 66,000 latest-generation bitcoin miners with a hash rate of 6.6 EH/s, a 7% increase from December and 214% from January 2022.

Bitcoin 2023 Discount Treasure Hunt: BMDAILY50ASIC

Despite facing an investor lawsuit and an investigation, CleanSpark remains optimistic about its future prospects in the bitcoin mining industry and is continuing its expansion plans, including breaking ground on a new site in Georgia.
Read The Full Article

⛏️ Miner Setbacks

Bear Market Setbacks Have Left Bitcoin Miners Behind Their Gold Counterparts
By Zack Voell

In 2022, Bitcoin mining companies faced more challenges and suffered greater losses compared to gold mining companies.

The year was difficult for everyone due to the bear market, but bitcoin miners faced especially challenging conditions. Bitcoin's value was down 65% from its high point, while gold was only 7% down from its record high.

The challenges faced by bitcoin miners included potential delisting notices, departures of executives, bankruptcies, and lawsuits. Despite this, the long-term potential of the bitcoin mining industry is not affected by one year of underperformance compared to gold.
Read Full Article
Get Your Tickets Here!

📰 The Daily Bits
🔐 By replacing reliance on third parties in a trustless way, Bitcoin adds a layer of non-intermediated trust to the infrastructure of the internet.
 
🥾 Bitcoin was designed to empower the individual through the separation of money and state, and Self-custody wallets are integral in preserving that goal.

🌴 Join us for the largest Bitcoin conference in the world in Miami Beach, May 18-20! 
Learn More

⚖️ Scaling Nostr

Nostr Will Only Scale If It Can Incentivize Users To Run Relays
By Shinobi

In his latest piece, Shinobi discusses the challenges faced by Nostr, a growing hub for the Bitcoin community, in scaling its relay servers.

He outlines two potential revenue models, advertising and micropayments, but concludes that they both have limitations and may not be enough to support Twitter-scale relays.

He suggests that the best way to make micropayments "stickier" or more sustainable could be to offer a fee-based service like a gig-worker app, where users are accustomed to paying for services. The author also mentions that running a Lightning node could potentially increase revenue for relay operators.
Read Full Article

MEME OF THE DAY 

By @RD_btc

Prices don't matter. But they'll never understand...
 
Have a great weekend,
@BtcCasey

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