MicroBT Brings ASIC Manufacturing To America In Partnership With Riot Platforms
By BtcCasey          

Riot Platforms, the largest U.S. Bitcoin mining company, has announced a groundbreaking partnership with Bitcoin ASIC manufacturer, MicroBT, to bring the production of MicroBT's ASICs to America. The collaboration aims to secure miners for Riot's Corsicana facility, significantly boosting the company's mining capabilities and increasing its developed capacity to 1.6 GW. The partnership addresses criticisms of the industry by emphasizing energy efficiency and job creation.

Riot's self-mining hash rate capacity is expected to increase by approximately 61% to over 20 EH/s by mid-2024, positioning the company as a key player in Bitcoin mining. The move is significant as it brings Bitcoin miner manufacturing to the United States, strengthening the domestic supply chain and expanding options for miners. This partnership challenges the industry's traditional concentration in Asia.

The collaboration between Riot and MicroBT will not only impact the industry but also generate employment opportunities. MicroBT will manufacture the machines at a new facility in the United States, creating jobs in the local area. This development directly refutes criticism of Bitcoin mining not contributing to job creation.

The partnership between Riot and MicroBT marks a major milestone in the Bitcoin mining industry. With increased hash rate, domestic manufacturing, and job creation, this collaboration is set to shape the future of Bitcoin mining in the United States, supporting industry growth as a whole.

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💈 A Short-Cut To Hyperbitcoinization

Orange Pilling Your Barber Or Stylist: A Short Cut To Hyperbitcoinization
By Hector Alvero

Bitcoin educator Hector Alvero suggests an unconventional yet effective method to educate others about Bitcoin and its benefits. He proposes engaging in conversations about Bitcoin and the Lightning Network with barbers or stylists, emphasizing the potential for orange-pilling and hyperbitcoinization. Alvero highlights the perfect environment that a haircut or salon appointment provides for discussing Bitcoin due to the prolonged interaction and limited distractions.

Alvero emphasizes the trusted relationship between clients and their barbers or stylists, often spanning years. This bond of trust creates an opportunity for intimate conversations and the sharing of secrets, making it an ideal setting to introduce Bitcoin. Furthermore, barbers and stylists have extensive networks, including individuals from various backgrounds and professions. This broad reach makes them potential "force multipliers" in spreading awareness and understanding of Bitcoin.

Alvero advises tailoring the conversation based on the interests and needs of the barber or stylist. For business owners, he suggests highlighting the benefits of accepting Lightning payments, such as immediate availability of funds, cost savings compared to credit card fees and protection against chargebacks. The author encourages demonstrating the ease of using Lightning by conducting a transaction during the conversation.

To address concerns about Bitcoin's volatility, Alvero recommends explaining the separation between Bitcoin's price and the value of Lightning payments. He suggests introducing services like Ibex or Strike that protect against price fluctuations. Additionally, tools like BTC Map and Satmap can assist barbers and stylists in marketing their businesses to Bitcoin enthusiasts.

The author concludes by emphasizing the importance of gradually piquing interest and allowing individuals to experience the benefits of Lightning payments before fully committing to Bitcoin. The ongoing nature of salon visits provides opportunities to continue the conversation and deepen understanding over time.

Overall, Alvero presents a unique and strategic approach to educate others about Bitcoin by leveraging existing relationships and creating "orange-pilling" opportunities with barbers or stylists.

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By @TheBitcoinConf

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