Humble Bitcoiners!
Thank you for joining us for yet another glorious Bitcoin Magazine newsletter. Sit down and get ready for your daily dose of Bitcoin signal! |
|
Today's Rundown: - Debunked Claims: Craig Wright now has to pay $100 million.
- Rigging:Â Stronghold to acquire 9,080 mining rigs.
- Environmentally Green: Bitcoin is not dirty — it is radically green.
|
|
|
Latest Court Ruling Is Not A Win For Craig Wright Or His Satoshi Claims
By Arthur Van Pelt Some media outlets didn’t understand the recent ruling in the Kleiman versus Wright lawsuit and reported misleading headlines such as “Man Who Claims He Invented Bitcoin Wins Trial, Keeps Bitcoins Worth $50B” and “Court Decides Australian Is Bitcoin Creator.” But nothing could be further from the truth. To begin with, the lawsuit was never about determining if Wright was Bitcoin’s creator or not. That self-proclamation was rejected by the jury during deliberations to come to a verdict, but it was never the trial's purpose.Â
Craig Wright was initially accused of breach of partnership, breach of fiduciary duty, fraud, constructive fraud, civil theft, unjust enrichment and conversion. He was recently found guilty of conversion (exerting unauthorized control over the property of another person) and is now ordered to pay $100 million to Dave Kleiman’s family, who was entitled to 1.1 million bitcoin seized by Wright following a business partnership. |
|
Bitcoin Miner Stronghold To Acquire 9,080 Rigs
By Namcios Stronghold Digital Mining has entered into agreements to purchase 9,080 Bitmain and MicroBT bitcoin mining rigs. The purchase will be completed in two phases: - First 4,800 miners to arrive end of January.
- Remaining 4,280 miners later in the year.
The new machines are expected to output a total of 826 Petahashes per second (PH/s) after full deployment. The company has signed a financing agreement with NYDIG, issuing debt by collateralizing part of its mining infrastructure.
Mining companies continue to grow and accumulate more bitcoin and mining gear, as they see start focusing on the long-term prosperity of the industry, and it is not slowing down.
"We expect to continue utilizing modest amounts of equipment financing with both existing and new partners, along with cash on the balance sheet and opportunistic monetization of our Bitcoin holdings, to continue funding our growth plans” - Greg Beard, CEO of Stronghold. |
|
Click the links:
1. Bull Bitcoin’s new service aims to help users maintain sovereignty over their bitcoin holdings.
2. Discussing the responsibility that Bitcoiners have to help their loved ones solve their personal financial problems.
3. About 20% of the world’s bitcoin miners are estimated to still operate from Chinese soil.
4. Although VC funds have been rushing to support various crypto startups, much of that money has not gone to Bitcoin-focused companies.
5. A federal court has dismissed a religious rights lawsuit filed by Silk Road founder Ross Ulbricht, who is seeking closer communication with his family. |
|
Bitcoin Is Not Dirty: It Is Radically Green.
By Nima Tabatabai Contrary to what mainstream media wants us to believe, bitcoin mining is not a danger for the environment, but an incentive for constant improvement on efficient energy consumption. The industry will always search for greener and cheaper sources of electricity for profit maximization.Â
Actually, data from the Bitcoin Mining Council estimates that, as of now: - 57.5% of the global power mix for Bitcoin miners comes from sustainable energy sources
This is better than any other industry or major grid. It is reasonable to believe that percentage will keep growing as “Bitcoin mining is converging with the energy sector with amazing rapidity, yielding an explosion of innovation that will both decarbonize bitcoin in the medium term, and will dramatically benefit increasingly renewable grids.” - Nic Carter.
Not long ago, a large portion of global bitcoin mining moved from China to the U.S. (without the Bitcoin network experiencing any disruption or downtime). It is our responsibility to embrace this industry allowing it to develop the innovation that will ultimately benefit us all. |
|
We're back in Miami! Get your tickets today |
|
By Alex
There truly is no second best. Bitcoin has claimed the throne for all of these years, starting from being a new kind of currency with no price, beginning to find its monetary value in the free market, until having reached highs of $69,000.
With the only monetary asset providing ultimate freedom and censorship resistance, this is only the beginning.
Keep stacking. |
|
 | | Â 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 Bam.
Keep on reading, keep on stacking. |
|
|
|
|
