💻  MINING CONFERENCE

At Scott's Mining Conference, We Felt The Energy Of Bitcoin Mining
By Mike Hobart

Scott’s Mining Conference 2022 took place in Round Rock, Texas, on February 7th and 8th. In this event specifically for miners, the top minds in bitcoin mining gathered to share their experience of what’s working and what's not, so that anyone could learn from them and apply that knowledge themselves for a stronger and safer network. The event welcomed hundreds of miners from all around the world.

The event was hosted by Scott Offord, an ASIC miner salesman and bitcoin mining farm operations consultant. Featured speakers included many well known figures in the industry, such as Michael Saylor, Amanda Cavaleri, C.J. Wilson, Nathan Nichols, Mike Alfred, Jason Williams, Max Gagliardi, ASIC Master and Digital Shovel, among many others. This article shares some interesting highlights about the event.  

Bitcoin And Annuities — How Can We Revitalize Their Poor Value?
By Bitcoinactuary

An annuity is essentially an amount of money paid to someone each year on a certain basis, and is frequently offered by insurance companies as a kind of protection against the risk of outliving your income. Hence, the cost of an annuity can be conceptualized as the cost of retirement. Annuity providers invest the up front money into government bonds to derive a risk free return before they have to pay out the income to you each year.

Mostly because government bond yields have fallen hugely, this kind of financial services becomes every day less and less popular among traditional investors as their price has been increasing over time while their returns do the opposite. In this article, the author discusses how an asset with 0% inflation, like bitcoin, could easily replace government bonds in the annuities industry so that they become cost-effective again. However, this could be far into the future as today's volatility could be counterproductive.

📰 THE DAILY BITS

🌽 TAPROOT

BitMEX Adds Bitcoin Taproot Support
By Namcios

Cryptocurrency trading platform BitMEX has introduced support for Taproot addresses. The soft fork upgrade which was activated last November is an improvement on privacy and the efficiency of transactions while increasing the flexibility of Bitcoin's scripting capabilities. 

From now on users can now make use of Taproot addresses to send and withdraw from the exchange while paying lower fees. BitMEX took a step in the right direction by enabling the latest functionalities of the Bitcoin network, as most of the new possibilities unlocked by Taproot can only be experienced once a considerable part of the current network begins using the upgrade.

“As of today, BitMEX supports withdrawals to Bech32m Bitcoin addresses. The first BitMEX client withdrawal to such an address occurred earlier today.” - BitMEX statement.

BITCOIN & TRUCKERS