Humble Bitcoiners!
It is with great pleasure that we bring you today's newsletter! Sit down and get ready for your daily dose of Bitcoin signal! |
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| Today's Rundown: Mining Privately: Building a private network to isolate your ASICs. Lawmakers: CEOs testify on Bitcoin before U.S. Lawmakers More Energy: Galvanizing the greatest revolution in energy production. Hash Rate Growth: Hash rate all time high soon. |
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How To Mine Bitcoin At Home On A Private Network
By Econoalchemist As bitcoin mining becomes more accessible to the general public, it is important for home miners to do their homework. Building a secure and private network to mine from is an essential part of maintaining a permissionless operation. The author brings a detailed guide on how and why it is necessary to build a robust and customizable home mining network with the following benefits: Virtual private network (VPN) tunneling to secure and encrypt your internet traffic Enhanced privacy from the prying eyes of your internet service provider (ISP) Mitigation of the potential risk of IP address logging from your mining pool Configuration of a pfSense firewall Creation of sequestered home networks to keep your ASICs separate from your guest WiFi network, etc. Set up of a mesh WiFi network access point Configuration of an ad-blocker at the firewall level. Now there is no excuse to start mining at home, feeling secure by contributing to the Bitcoin Network, without having to worry about giving away too much information about yourself. |
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CEOs Testify On Bitcoin Before U.S. Lawmakers
By Namcios Chief executives from large cryptocurrency firms appeared before Congress this Wednesday to testify and answer questions about their products and services, and the bitcoin market in general. Lawmakers have been struggling to bring clarity within the public policy and regulatory frameworks.
This has stopped or even disencourage innovators to release new products to market, such as the desired Bitcoin Spot ETF, while other countries seem to be more open to these kind of new products.
The conversation also made good arguments about the future of the U.S., where pushing strict regulatory oversight over Bitcoin could backfire and stifle innovation, and how the primacy of the U.S. dollar shouldn't be taken for granted, and this is an opportunity to be leaders on innovation in the space.
“We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand. That fear of the unknown and the move to regulate before understanding will only stifle American ingenuity and put us at a competitive disadvantage.” - Rep. Patrick McHenry of North Carolina. |
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Chance to win 1,000,000 sats |
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Click the links:
1. Civilization always wants a different thing from what governments want: a contrary thing, most of the time.
2. A series of swift liquidations took the bitcoin price down to a potential bottom of $42,000.
3. Fortress rebrands to Cathedra Bitcoin Inc, the bitcoin mining company will change its ticker symbol on the TSX Venture Exchange to ‘CBIT’ on Thursday.
4. The U.S.-based secondary market, FoundryX, currently has access to over 40,000 bitcoin mining machines ready for resale.
5. Visa, the payments giant, opens consulting service for banks, hoping its new service can help further mainstream adoption of bitcoin and cryptocurrency.
6. A space for discussion became a source of employment, creativity and fun, with Bitcoin Twitter offering a new perspective on money.
7. Discussing the latest macroeconomic developments and how they relate to Bitcoin, including an IMF warning of imminent collapse.
8. Promoted: The plebs of Austin prove that Austin is the epicenter for a hyperbitcoinized U.S. economy. |
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This essay outlines the view of the future of energy, bitcoin mining and how these two currents will converge. The authors make a case for a more energy abundant future, where the energy is easy to command and transport wherever it is needed. This would be made possible by capturing the value of energy via bitcoin mining.
The piece concludes that the convergence between energy and bitcoin mining will catalyze an energy revolution with the potential to usher in a period of unprecedented prosperity and energy abundance for the world's population by developing an environment that protects, nourish and sustains resources. |
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Bitcoin Is Approaching Hash Rate All-Time Highs
By Marty Bent The previous all-time high in hash rate was recorded around May before the great escape of miners in China. After almost seven months, if the recent trend continues, it seems that we are about to see new all time highs in terms of hash rate by the end of the year.
This is an incredible sign of resilience and development of the Bitcoin network. Many people, including the author, apparently thought that we wouldn't see a recovery in this same year, but Bitcoin has proven the analyst wrong in a good way, while remarking how perfect the incentives for holding, mining and running Bitcoin nodes are.
"Bitcoin is so damn beautiful" - Marty Bent |
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By Remy
"Ten years and $15 trillion later."
A parody video showcasing the reality of the situation: "Raising the debt ceiling"
It seems for central banks the only solution for "fixing" the problems in society is printing more money. There has been callouts of the possibility of this leading to inflation, but they are always ignored.
As inflation rises, the word "transitory" is said to be retired — it should be time for central banks to admit they were wrong. The only thing we can do is to seek safety out of fiat currency. Seek safety in sats.
Keep stacking. |
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Keep on reading, keep on stacking. |
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