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Humble Bitcoiners!
It's Thursday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
Are you ready for what is coming? |
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Today's Rundown: - Mining Revolution:Â New ASICs to propel bitcoin mining.
- Positive for Bitcoin: Is everything really good for bitcoin?
- Legalization:Â Ukraine legalizes Bitcoin.
- Green Mining: Blockstream explores carbon-neutral alternatives with Macquire
Let's do this. |
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How Blockstream's New ASIC Division Will Propel Bitcoin Mining
By Jesse Willms Following a strategic acquisition and unicorn valuation, Blockstream is ready to drive the Bitcoin mining industry forward.
Blockstream, the bitcoin infrastructure company, is planning to launch the first world's enterprise-class miner in 2022. After a set of mergers and fundings, they bring up a massive challenge to themselves in hope of improving the efficiency of mining rigs, while downsizing the gear. Additionally, they enter with the objective of being able to meet the increasing industry's demand for miners, while aiding the decentralization of the mining space in the process.
“As more S19s and other new gen rigs enter the North American market, industrial-scale farms are swapping out older hardware for newer hardware wherever they can... Rack space is scarce, so it makes more sense economically to fill shelves with more efficient machines which can produce more hash rate while consuming less energy (one S19, for e.g., has the same output of eight S9s and is roughly three times as power efficient).” - Compass Mining |
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LEARN BITCOIN. EARN BITCOIN. |
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El Salvador: Does Everything Really Benefit Bitcoin?
By Shinobi While the development appears to be great for mass adoption, there is risk to the country making bitcoin legal tender.
With the adoption of Bitcoin as legal tender in El Salvador, the essay lays out an opinion that reminds the reader that even when this is a great step forward for the country, and for bitcoin, there are still challenges ahead that need to be considered, and in order for this dynamic of utilizing bitcoin as rails, in order to receive dollars from abroad, there is a vast need of trust in the government to pull this off, when the risk is clear:
What if all citizens decide to exchange their bitcoin for dollars, while receiving bitcoin from outside the country, and the amount exceeding the amounts on the Bitcoin Trust?
Education is still needed for people seeing the benefit of using Bitcoin as a savings technology and its demand increases within El Salvador.
"As a last word, it’s important to remember in the frenzy of optimism and chants of “everything is good for Bitcoin” that that is not a literal truth. Everything in life has positives and negatives, including Bitcoin." - Shinobi |
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Click the links:
1. With El Salvador’s Bitcoin Law poised to take effect, we speak with a prominent Salvadoran entrepreneur about his thoughts on the development.
2. The true innovation behind Bitcoin is the ability to transact value instantly around the world.
3. Standard Chartered’s new Bitcoin and crypto research team has predicted a $100,000 price target by early 2022.
4. Frankfurt-based asset manager Union Investment is testing a pilot program with Bitcoin exposure certificates.
5. Edward Snowden, the whistleblower, has highlighted how El Salvador's "pawn to e4" move will pressure other nations to adopt bitcoin.
6. Coinbase isn't receiving the regulatory approval it expected for its Lend product, citing a lack of clarity from the SEC.
7. The bitcoin price plunged $10,000 from recent highs as El Salvador officially adopted BTC as legal tender. |
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Ukraine Has Legalized Bitcoin
By Nik Hoffman The Ukrainian Parliament passed a law that legalizes and regulates bitcoin in the country, providing official clarity on the asset which was not previously clear. With this bill, citizens have now permission to own and trade bitcoin and other cryptocurrencies on exchanges.
The game theory is in play, although this does not make Bitcoin is legal tender in Ukraine, nevertheless is a step forward to eventually adopting a bitcoin standard similar to El Salvador. As more countries dip their toes in the water, it is just a matter of time for a second one to declare bitcoin legal tender. |
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Blockstream Partners With Macquarie To Explore Renewable Bitcoin Mining Solutions
By Namcios Blockstream and Macquarie collaborate to explore carbon-neutral alternatives for their joint investment in bitcoin mining.
Blockstream continues its path on making strategic partnerships to become a significant player in the Bitcoin Mining space. Blockstream has stated that has the objective to explore alternative solutions to make renewable bitcoin mining at scale. The partnership with Macquire brings Blockstream a step closer to the goal, as they partner with a leading investor in renewable energy infrastructure with more than 428 billion of assets under management and 44 gigawatts of generation under development.
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By BitscaperÂ
(click to see video)
Bitcoin is on a fight against the current monetary system, in an attempt of replacing a closed monetary network, with a fully open one.
And bitcoin is winning, we are winning, keep stacking! |
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Keep on reading, keep on stacking. |
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