Hello Humble Bitcoiners!
Sit down and get ready for your daily dose of Bitcoin signal! |
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📝 Today's Rundown - Immersion Cooling: A rapidly-evolving technique for increasing bitcoin mining rig efficiency, with many pros, cons and details to consider.
- Hope: First homeless, then a sats millionaire.
- Money For Enemies: Bitcoin exhibits properties of money that have existed far longer than the protocol and that help facilitate its rapid growth.
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Inside Immersion Cooling: The Pros And Cons Of Bitcoin Mining’s Rapidly-Growing Practice
By Okada Bitcoin mining as an industry is evolving rapidly and more sophisticated machinery and techniques to improve efficiency and prevent unnecessary energy waste are coming out constantly. On February 7 and 8, Scott’s Mining Conference, hosted in Round Rock, Texas, presented a panel entitled “Immersion," where all five panelists agreed that immersion cooling is the future of bitcoin mining.
Calculating a SHA-256 hash to be accepted by the Bitcoin network is a computationally difficult problem that is intentionally resource intensive to limit the number of blocks found each day. This process requires energy and puts hardware in high demand. Controlling temperature to prevent overheating of the equipment is key to efficiency and to improve its longevity.
Immersion cooling consists of submerging mining hardware into cooling fluid. In this article, the author discusses this relatively new technique, its pros and cons, and why some think it is the future of mining. |
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How I Became Homeless, Then A Sats Millionaire
By Homeless Mokum The author of this article shares their touching chronicle of how they moved to a first world country in search of opportunities for a better life. Unfortunately, due to COVID-19, they found themselves in a complicated situation, with no job, no money in their bank account and full of debt. They became homeless and have been since 2019.
A brief moment of luck placed Mokum in the right place at the right time and someone introduced her to Bitcoin and Lightning. At first, disbelief and suspicion made her hesitate to investigate more — but in the end, the marvelous Bitcoin community online helped her to become a sats millionaire. |
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1. Russian's Ministry of Finance bill comes after the government gave the green light to Bitcoin regulation, disregarding the Bank of Russia’s concerns. 2. KB Asset Management to utilize AI-based investment strategy research along with an outsourced chief investment officer to launch digital asset products. 3. While a new chip is upcoming, Intel shared information about its past product exploration in bitcoin mining chip design. 4. The Beef Initiative aims to replicate the superiority of decentralization in the food supply, the same way Bitcoin addresses the woes of monetary centralization. 5. How do we fix the apparent epidemic-level misunderstanding of the direction society is headed? |
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Like All Successful Monies, Bitcoin Is Money For Enemies
By Joakim Book Bitcoin is for enemies — a phrase that one definitely will comes across while falling down bitcoin's rabbit hole. But what exactly does it mean? The author sheds light on this regard throughout the article. If bitcoin was for friends, then an economy wouldn't be needed, as everything could be based on trust and favor, or credit.
Monetary economists have found properties that money exhibits to improve upon a system based entirely on trust. It suggests that agents: - can’t have perfect memory about past trading partners (or anonymity);
- must have a limited ability to commit to and enforce promises;
- and have the opportunity to complete one-shot transactions (e.g., strangers coming into town).
Money should not require counter-party risk — meaning that without a middleman, money should be able to hold its value and to be traded in between parties who don't fully trust each other. It doesn't mean they have to be enemies — it is just for everyone. |
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 | | Wolf of All Streets |
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In this episode of Bitcoin Magazine LIVE: - Interview with Wolf of All Streets
- Episode of FedWatch with Ansel Lindner & CK
- Episode of The Break Up with Nolan Bauerle
Don't forget to LIKE & SUBSCRIBE |
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By Bottlepay
Every dip there is, is a dip worth buying. There is only 21 million bitcoin that will ever exist. - For 7.75 billion people to have the same amount of bitcoin, each would have ~200,000 sats.
- For 56.1 million millionaires worldwide to have the same amount of bitcoin, each would have ~37.4 million sats.
Dips are an opportunity to accumulate a higher percentage of the entire network. Don't let a good dip go to waste.
With love,
Bam |
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