Hello Humble Bitcoiners!
Sit down and get ready for your daily dose of Bitcoin signal! |
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Today's Rundown: - Soft Fork: Â Bitcoin Proposal CheckTemplateVerify is meant to enable more capabilities on Bitcoin.
- 60 BTC:Â Satoshi Energy raises 60 bitcoin to improve performance of renewable facilities with bitcoin miners.
- Doubling Hashes: CleanSpark increased its hash rate, producing 10 bitcoin per day.
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Explaining CheckTemplateVerify, Bitcoin’s Latest Controversial Soft Fork Proposal
By Namcios There is a soft fork proposal for Bitcoin called CheckTemplateVerify (CTV) technically described in the Github page: Bitcoin Improvement Proposal (BIP) 119. The intention is to add more control over what type of transactions can be done on the Bitcoin network, allowing the user to add restrictions or rules similar to a basic type of “covenant” or smart contract.Â
As of today, most Bitcoin smart contracts can only specify when a coin can be unlocked, but its not possible to set restrictions on what or how funds can be spent. CTV aims to change that, enhancing security, privacy and scalability. Some of the use cases for this soft fork could be: - Custody solutions: by limiting the spending of bitcoin from cold to hot storage to increase security.
- Payment pools:Â A contract that would allow a group of people to share a single UTXO and trustlessly rebalance funds among them.
- Supercharge the Lightning Network: Improvements in channel creation and redemption.
The full article explains further how the proposal would work if implemented and what is needed for that to happen. |
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Satoshi Energy Raises 60 BTC To Power Bitcoin With Renewable Energy
By Namcios Satoshi Energy is a company with decades of energy market experience aiming to connect renewable energy assets with bitcoin miners. They “envision that every kilowatt hour delivered to an energy consumer will be paid for instantaneously in bitcoin to the energy producer."Â
They have recently raised 60 BTC, worth about $2 million at the time of writing, that would allow them to “build a market leading strategy for bitcoin miners to procure low cost renewable power and transform the future of energy finance."
The idea that Bitcoin is a threat for the environment is continually proven wrong, and as time goes by, we realize that instead, it is a very good incentive for entrepreneurs to work on the improvement and adoption of renewable energy technologies. |
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1. Solo Bitcoin miner with only 86 TH finds valid block, taking home over $215 000.
2. Harbor, U.S. Real Estate Company, to accept Bitcoin.
3. Bitcoin isn’t on the same playing field as anything else — so it doesn’t make sense to waste time lashing out.
4. The emergence of Lightning Hubs might suggest that Bitcoin’s leading Layer 2 protocol is centralized. So let’s compare it to fiat’s structure.
5. Understanding El Salvador’s Bitcoin Law and dispelling FUD around Bitcoin adoption.
6. January is a historic month for bitcoin — find out why. |
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Bitcoin Miner CleanSpark Reaches 2 EH/s Hashrate Capacity
By Namcios CleanSpark, a Nasdaq listed bitcoin mining and energy technology company, announced on Monday that its operations have reached two exahashes per second (EH/s) of hashrate capacity. The current hashrate enables the company to produce an average of ~10 bitcoin per day.
This marks a milestone of their September announcement, where they announced a plan to double their hash rate since they joined Foundry USA Pool with 1 EH/s. Right after that, CleanSpark employed part of its bitcoin reserves to purchase 4,500 Antminer S19 bitcoin mining machines, increasing their hash rate by 45%.
“Given how much network difficulty is increasing, if you’re not growing, you’re regressing” - said Matt Schultz, Chairman of CleanSpark |
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 | | A debate between Svetski vs BitBoy on why Proof Of Work is of utmost importance. |
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By Bitcoin Magazine
Bitcoin Twitter never ceases to tickle the funny bone, with several memes of McDonalds suggesting that the bitcoin dip was too big and that it is about time to start filling out job applications.
From Nayib Bukele, to Michael Saylor. It is good to have a little fun and laugh about this dip.
As for the price, we will definitely come back up with full strength as it usually does, it is just a matter of time.
Stack harder.
With love,
Bam |
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Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
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