Hello Humble Bitcoiners!
Your daily dose is here — don't miss it! |
|
| 📝 Today's Rundown Home Mining Experts: Discussing strategies to consider for people who want to get started mining bitcoin in their own homes. Bitcoin Mining Bill: Legislators of Fort Worth, Texas will vote on a bill for bitcoin mining while the City Council will receive three miners from the Texas Blockchain Council. Bitcoin Jungle: The popular location project is a model to be replicated for areas seeking to seize the opportunities Bitcoin offers. |
|
|
Home Mining Experts Talk Strategy At Bitcoin 2022
By BarnMiner Mining bitcoin at home has a lot of advantages and keeps the miner safe from many issues. The reward for securing the network and decentralizing the hash rate includes brand new bitcoin that has not been marked by the KYC (know your customer) system, helping to keep Bitcoin censorship-resistant and enhancing its privacy. It also solves the problem of not being able to get a bank account and, sometimes, mining bitcoin can be cheaper than buying it.
However, mining Bitcoin at home also comes with a lot of challenges. It requires industrial and specialized equipment that requires a lot of energy to run properly (typically 240-volt service on a 20-ampere breaker), while creating a lot of heat and extreme noise.
At the Bitcoin 2022 conference, the home mining panel combined the expertise of long-time bitcoiners and miners to discuss why people should consider mining at home and how to handle its challenges. |
|
Fort Worth, Texas Set To Vote On A Bitcoin Mining Bill
By Shawn Amick Fort Worth, Texas is set to vote on a bill that encourages bitcoin mining technology and would see that the City Council receive three bitcoin miners donated from the Texas Blockchain Council, according to a report from MSN.
However, the bitcoin miners come with strings attached. The objective is to kickstart a six-month pilot period for the City Council to gain bitcoin mining experience, in an attempt at converting Fort Worth to a "crypto-friendly" state, "welcoming [them] to the industry." They would then later then return the equipment to the Texas Blockchain Council on the pilot program expiration.
“Governor Abott understands that the future of technology revolves around bitcoin and blockchain,” – Lee Bratcher, President of the Texas Blockchain Council. |
|
1. Leveraging assets held in the legacy financial system in order to purchase bitcoin may be a strategy for investors with a certain risk profile.
2. Bitcoin protects private property for its users due to its theft-proof design, its use of decentralized nodes and an immutable public ledger.
3. A long tradition of financial discretion makes Switzerland the perfect place to store one’s private keys in a way that will be fully protected.
4. The hostage holding that regulatory bodies impose upon businesses punishes consumers in various ways.
5. One issue with Bitcoin’s privacy, the ability to receive funds without giving up valuable information, is addressed with “silent payments.”
6. The newest version of Bitcoin’s original software launched by Satoshi Nakamoto in 2009 brings improvements on privacy, security and user experience.
7. Bitcoin critics like to claim its failure every time there is a major price drawdown, but a true representation of the network proves otherwise. |
|
|
Bitcoin Beach Spawns A Fast-Growing Offshoot In Costa Rica - Bitcoin Jungle
By Stuart Grudgings El Salvador is no longer the only place in Central America where you can buy a coffee with bitcoin before hitting the beach. The Bitcoin Jungle Wallet App is a project that is helping Costa Ricans delve into the Bitcoin ecosystem. Based on a model similar to El Savador’s Bitcoin Beach, it uses the Banking-as-a-Service infrastructure from Galoy and is built on top of the Bitcoin and Lightning Networks.
In this article, the author describes how a Czech artisan baker, a Chilean juices merchant, a popular breakfast and lunch cafe and over 50 roving market vendors and 20 brick-and-mortar businesses in Costa Rica have signed up for the Bitcoin Jungle project and now are enjoying of all the benefits that a permissionless, immutable and fair monetary system can offer. |
|
By BenevolentOne
I guess after all, it is not simple for governments to coordinate and ban bitcoin, as it seems somehow the financial incentives of investing in it and its industry seem to play a big role as it serves the benefit of the people.
So far, this image is a representation of some governments' attempt to ban bitcoin.
Perhaps it can't be stopped.
With love,
Bam |
|
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking. |
|
|
|
|
