|
| BROUGHT TO YOU BY |  |
|---|
Humble Bitcoiners!
It's Wednesday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Did you stack today? |
|
Today's Rundown: - Bitcoin Is Sustainable: Bitcoin's fight against the European's intention to regulate it.
- Accumulation Spree: After a long break, MicroStrategy has announced to have purchase 3,907 bitcoin, for its balance sheet.
- Hodlers On The Rise:Â Long term holders showing resilience with maximum accumulation of bitcoin up to date.
- Solar, The Future Of Mining?:Â Reflection around the good and the bad of mining with solar energy.
Let's do this. |
|
|
Bitcoin Is The Sustainable Money Europe Deserves
By Josef TĂŞtek
Only bitcoin offers a truly sustainable path forward for the continent which prizes this attribute.
There's a miss-informed narrative rounding the European Parliament that Proof of Work is bad, and should be banned, due to the increasing energy consumption of the Bitcoin Network, and the worries that it is fossil emissions are becoming too big.
While there might not only be facts to fight this narrative, one could argue that it could be the solution to fight the loose monetary policies and an incentive to utilize wasted energy sources with the potential to stabilizing the energy grid. According to the Bitcoin Mining Council and its Q2 Global Bitcoin Mining Data review, this is the nature of the energy resources: - The energy mix of the council consists 67% on sustainable electricity generation
- The above metric is extrapolated to around 56% of sustainable energy usage for the whole bitcoin mining network.
|
|
Michael Saylor's MicroStrategy Buys 3,907 More Bitcoin As Total Investment Nears $3 Billion
By Alex McShane MicroStrategy purchased an additional 3,907 bitcoin for about $177 million in cash during the third quarter period.
Michael Saylor was the first CEO of a publicly traded company, MicroStrategy, to have announced to adopt the bitcoin standard and add the asset to its balance sheet, just over a year ago. Ever since, the company has set an example of constantly accumulating or dollar cost average, to what they believe is the best asset ever existed.
Today, they hold a total of 108,992 bitcoins, and one could argue, that these are not moving back into the market any time soon. |
|
Click the links:
1. The great opportunity presented has only been absorbed by a hard-headed few, leaving the bureaucrats of the world at a global checkmate.
2. Through the “yield and volatility ratio,” traders can find major bitcoin price upside and ways to manage downside risk.
3. Africa has recently surpassed North America in bitcoin P2P trading volume, having transacted $18,073,777 worth of BTC in the last seven days.
4. U.S. banking giant Citigroup is awaiting approval to begin trading Chicago Mercantile Exchange Bitcoin futures.
5. Bitcoin infrastructure firm Blockstream is now valued at $3.2 billion after a $210 million Series B raise.
6. Meet The Taco Plebs: Exploring how Bitcoin memes can contribute to the growth of culture. |
|
50 Years Since The Gold Standard Ended, Bitcoin Is Needed More Than Ever
By Dylan LeClair Today, long-term bitcoin holders control 12,711,385 BTC and have accumulated 460,078 BTC on a net basis over the last 30 days.
In this recent edition from the Deep Dive, Dylan LeClair show us some interesting graphics which one could say, display a bullish sentiment, and a preparation for the market to potentially have a big run up in price, as we had experience months ago: - Total Supply Held By Long-Term Holders - at All Time High Levels
- Long Term Holder Net Position Change - In massive accumulation
|
|
SOLAR, THE FUTURE OF MINING? |
|
Is Solar Power A Good Fit For Bitcoin Mining?
By Jesse Willms As Bitcoin transforms the incentives around energy use, will solar power become the future of mining?
Solar Energy is often said to be one of the biggest opportunities of energy resources for the future. As it is widely available, one of its problems is the need to be close to a grid, due to the technological limitations of storing and transporting energy.
In this essay, the author offers a perspective which is not often talked in the mainstream media. Even when solar energy's availability might be consider renewable, the process of manufacturing its needed infrastructure, is not.
“Maybe the tradeoffs are worth it with all factors considered, but it's rare to even see the negative factors mentioned in mainstream media.” - Frumkin |
|
| We're excited to be celebrating our 10th Twitter anniversary in August by giving away 10 Bitcoin 2022 conference tickets. The giveaway will start Sunday, August 1 at 12:00 p.m. ET and run until August 31 at 12:00 p.m. ET. The winner will be contacted by email on Wednesday, September 1. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ |
|
By Max Power BTC
Bitcoin is an insurance, but let's not forget that there is people out there which need help, and might appreciate getting a nudge or two.Â
Everybody buys bitcoin at the price they deserve - Wise Bitcoiner
Keep stacking! |
|
 | |
Received this newsletter from a friend?
Sign up to get the best of Bitcoin delivered straight to your inbox. Â |
|
Today's email was brought to you with ♥ by Bamand Joe.
Keep on reading, keep on stacking. |
|
|
|
|
