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Bitcoin miners help elect Core validators without mining a second chain Miners keep mining Bitcoin exactly as usual, but to back a Core DAO 🔶 validator, they add one line to the transaction in the "op_return" field, which pays out each block's mining reward and provides a small space...

25,830 Aufrufe • vor 25 Tagen •via X (Twitter)

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The biggest Bitcoin miners on earth are quietly walking away from mining Bitcoin, and the reason is not the one everyone keeps repeating. They are not fleeing a dead business. They lost an auction for their own power, and the winner was artificial intelligence. Start with the brutal arithmetic. It now costs the average public miner around $80,000 in cash to produce a single Bitcoin, and for stretches of this year $BTC traded below that. The most efficient operators on the cheapest power still clear a margin, but an estimated 15 to 20 percent of the global fleet is mining at a loss right now, burning more in power than the coins are worth the second they are minted. Three straight downward difficulty adjustments earlier this year, the first such streak since 2022, were the footprint of machines going dark. That looks like a simple story of a broken business until you see the number that explains the exodus. The same megawatt of power that earns a Bitcoin miner roughly $1 million a year earns between $10 and $20 million a year hosting AI compute. Ten to twenty times more, for the identical electricity, substation, and cooling. What made industrial miners valuable was never the mining. It was the power contracts, the land, the grid interconnects. AI walked in and bid an order of magnitude higher for exactly those assets. Mining did not fail. It got outbid for its own infrastructure. When Core Scientific runs its BTC segment at a negative margin while its AI colocation business prints money, the decision writes itself. CoinShares estimates listed miners could pull up to 70 percent of their revenue from AI by year end, up from about 30 percent. The power is being repriced to its highest use, and Bitcoin lost the bidding. If the giants leave, what happens to the network they secured? The doom posts assume it weakens. It does not, because Bitcoin has a self-healing reflex written into its core. When miners switch off, blocks slow, and within two weeks difficulty automatically drops, which makes mining cheaper and more profitable for everyone still running. The security does not vanish, it relocates, and you can already see where. State-backed pools are appearing, with one Gulf operator reportedly standing up a national pool near 3 percent of global hashrate, alongside private fleets and the handful of public miners like Marathon still choosing to buy Bitcoin rather than lease their power away. The network even hit an all-time high above one zettahash this year as the pivot accelerated. It does not need any particular miner. It needs someone, somewhere, for whom the math still works, and cheap stranded power has no shortage of those. But there is a deeper timer here, and the AI pivot just exposed it. Today miners earn almost everything from the block subsidy and almost nothing from fees, often under one percent of revenue on a quiet day. That subsidy halves again in 2028, and every four years after, marching toward zero. For Bitcoin to pay for its own security forever, fees eventually have to replace it. The open question is whether they can, and the evidence cuts both ways. On busy days, during token launches and inscription waves, fees have already spiked past 15 percent of revenue, and in 2024 some blocks earned more in fees than the entire subsidy. The capacity is there in bursts. Whether bursts become a baseline is the single most important unanswered question in Bitcoin. The AI exodus did not create that question. It pulled the cover off it years early, and showed how fast capital abandons hashing the moment something pays more. So the honest read is not that AI kills Bitcoin mining. It is stranger than that. AI is the first bidder rich enough to reveal what Bitcoin's security was always quietly worth, and what it will cost to keep once the free coins stop coming. The miners are not abandoning a sinking ship. They are selling the deck to a higher bidder while the same clock everyone forgot about keeps ticking underneath.

Shanaka Anslem Perera ⚡

90,812 Aufrufe • vor 2 Monaten

𝐄𝐔𝐑𝐎 𝐆𝐎𝐋𝐃 𝐋𝐀𝐔𝐍𝐂𝐇𝐄𝐒 𝐒𝐌𝐀𝐋𝐋-𝐒𝐂𝐀𝐋𝐄 𝐆𝐎𝐋𝐃 𝐌𝐈𝐍𝐈𝐍𝐆 𝐏𝐑𝐎𝐉𝐄𝐂𝐓 𝐈𝐍 𝐘𝐔𝐌𝐁𝐄 Yumbe District has taken a major step in Uganda’s mineral development journey with the launch of the Euro Gold Small-Scale Mining Project, strengthening efforts to formalise artisanal and small-scale mining and promote responsible exploitation of Uganda’s mineral resources. State Minister for Mineral Development Phiona Nyamutoro said the launch demonstrates Government’s commitment to developing the mineral sector under NDP IV. She noted that Yumbe and Zombo are among gold-rich areas in West Nile and urged Euro Gold to comply with the law, create jobs and internships, support communities and progressively move into medium- and large-scale mining. She reaffirmed Government’s resolve to close illegal mining operations and called for improved safety, insurance and healthcare for miners. Euro Gold CEO Ben Feni said the company spent more than two years surveying and exploring the area before securing its mining ground. Its operations cover about 79 square kilometres across West Nile, with Yumbe as its pioneer site. The company targets production of at least 20kg of gold per week and plans to establish a processing plant to strengthen traceability and accountability. “We are going to build our nation,” Feni said. Assimwe Kenneth, CEO of the Uganda Association of Artisanal and Small-Scale Miners, commended Euro Gold and Government for supporting formalisation. He urged communities to keep children in school and out of mining, encouraged the use of PPE and called for accessible insurance schemes for small-scale miners. Tusigwire Julius, Head of the Mineral Police Unit, said the unit, established in 2017, is responsible for combating illegal mining, mineral smuggling, fraud and forced labour. He revealed that more than 15 illegal mining sites have been closed this year, while raising concern over recent deaths in illegal mining sites. Eng. Grace Nakku, from the Office of the Commissioner, Minerals and Energy Department, said responsible mining is key to attracting investment and growing Uganda’s mineral sector. She advised that only people aged 18 and above should enter mining sites and encouraged Euro Gold to scale up while continuing to support artisanal and small-scale miners. The launch reinforces Government’s commitment to a formal, safe, responsible and investment-driven mining sector that creates jobs, supports communities and contributes to Uganda’s economic transformation.

Government of Uganda

17,605 Aufrufe • vor 1 Monat

NORWAY IS GOING TO BAN BITCOIN MINING WITHOUT PUBLIC CONSULTATIONS - WE NEED TO ACT NOW Norway's Ministry of Digitalisation and Public Administration responded to Open Dialogue Foundation / Fundacja Otwarty Dialog that it "has no plans to conduct a public consultation" on a ban on cryptocurrency mining. There is no doubt that the ban designed to target #Bitcoin mining. Unfortunately, that's a stance of the Stortinget and the Norwegian government. 🔴 Why we should protect our #freedomtech Bitcoin in #Norway NOW: (1) Norway is fully integrated in the European Single Market throught the European Economic Area (EEA) and Schengen Agreement. It means Norway can provide its legilsative approach as an input for new legislation for the EU/EEA both: - during the preparatory phase, when the European Commission is developing proposals; - during work of expert groups and committees of the European Commission; - submitting proposals and comments to European Free Trade Association on upcoming legislation. (2) As a co-founder of the OECD ➡️ Better Policies for Better Lives , Norway sets an example of regulation worldwide and provides its legislative recommedations for global standards. (3) Norway has historically been a place to meet, share experiences and educate human rights defenders and bitcoiners from around the world. Norwegian goverment will present its investigation a ban on cryptocurrency mining by the end od 2024. 🔴 What we should do together to prevent Bitcoin mining ban: (1) Repost this post and join our #BTC Coalition to educate local communities and media about social benefits of Bitcoin mining in Norway and worldwide; (2) Help us pool resources and best practices to convince Norwegian politicians and media to explore the social benefits of Bitcoin to prevent this repressive regulation; (3) If you are a Norwegian citizen: write a letter to your legislator and government asking for public consultation and providing arguments about the social benefits of Bitcoin mining for Norway. 🧡

Lyudmyla Kozlovska 🇪🇺🇺🇦

53,090 Aufrufe • vor 2 Jahren

🚨 THE BIGGEST BOTTLENECK IN AI ISN'T COMPUTING POWER ANYMORE IT'S MOVING DATA. Instead of laying new cables, Chinese researchers have upgraded existing fiber infrastructure by doing two things at once: Using three wavelength bands (C + L + S) instead of the usual two. Using four cores inside each fiber instead of one. Each core acts like an independent highway, and each band acts like an extra lane on that highway. Together, they’ve reportedly increased transmission capacity per core by nearly 50% and overall data throughput by up to 5×. This matters enormously for AI. Modern AI clusters move terabits of data per second between thousands of GPUs. The biggest bottleneck is often not the chips themselves, but moving data fast enough between them. If you can push 5× more data through the same physical cables, you can train bigger models faster and reduce network congestion. Why this is significant: • It shows multi-core + extended spectrum technology moving from labs into real-world commercial use • The system has already run over 35 km of existing telecom network • It could be especially useful for submarine cables and large-scale data center interconnects • China is also eyeing it for its “Eastern Data, Western Computing” project The deeper implication: We’re reaching the physical limits of how much data we can push through single-core fibers using traditional methods. By combining spatial multiplexing (multiple cores) with spectral multiplexing (more wavelength bands), engineers are finding new ways to keep scaling bandwidth without having to dig up the planet to lay new cables. This kind of breakthrough is quiet but foundational it’s the kind of infrastructure upgrade that will determine how fast AI and cloud computing can actually grow in the coming years. The future of data movement might not require more cables. It might just require smarter ones. How important do you think multi-core and multi-band fiber will be for keeping up with AI’s exploding data demands? Follow for more frontier networking, photonics, and infrastructure technology.

TheNewPhysics

20,485 Aufrufe • vor 3 Monaten

NEW ORDINALS COLLECTION: RUNERS Chapter 0: The Emergence of RuneChain Ethereum and Solana, you’ve been great, but memecoins aren’t meant for testnets. It’s time for memecoins to go mainnet. → RuneChain is a Bitcoin L2 that scales Bitcoin for Runes trading. Turbocharged by the Bitcoin Virtual Machine infrastructure, it’s made for mass adoption with a rock bottom $0.001 average transaction fee and a nimble 1-second block time. Chapter 1: The Runers In the ancient days, Viking warriors sailed the treacherous seas, driven by the thrill of exploration and victory, leaving behind a legacy that continued through the ages. Runes are said to have magical powers and were often used in mystical and religious practices by the Vikings. The earth changed with time, but the Viking spirit persisted. Their descendants - Runers discovered themselves at the frontline of a brand-new frontier in the digital age: the world of Runes. Chapter 2: The Quest for $RUNIX In the heart of RuneChain lay a mysterious token known as $RUNIX. Born from the fusion of ancient runes and cutting-edge technology, $RUNIX holds the promise of untold riches and prosperity. But mining $RUNIX is no easy task! Chapter 3: The Mining $RUNIX Expedition Inspired by their ancestors' spirit of exploration and discovery, the Runers set out on a quest to mine the future of RuneChain. The Runers are entitled to earn ██% of $RUNIX through mining, with the remaining ██% received via airdrop. 100% allocation of $RUNIX is for the community. No VCs, token sales, or team allocation. Regarding mining, the Runers take a dominant advantage thanks to their boosts. If you can assemble a mining squad with GOD-level characters (Odin, Thor, Loki,...), your mining rewards will be multiplied hundreds of times! Chapter 4: How to Become a Runer To join the companions, you must first hold a Runer —a fully on-chain art typography collection inspired by the Rune alphabet. There are only 21,000 Runers available for free inscribing on a first-come, first-served basis. They are reserved exclusively for specific communities, including: Maximum of 10 Runers per wallet: - SHARD holders Maximum of 3 Runers per wallet: - $BVM holders 1 Runer per wallet: - GM holders - Generative Key holders - Perceptron holders - Alpha users - $NAKA holders - 404 PAGE NOT FOUND holders - $EAI contributors - Other Bitcoin and Ordinals communities Note: Conditions and limits on the number of NFTs per wallet apply. Chapter 5: The Saga Continues In the ever-expanding realm of RuneChain, where ancient runes meet modern trade, the Runers protect the digital frontier, ready to face any threats that may arise. Join us today and be a part of this epic trip into the future of Runes!

Bitcoin Virtual Machine

110,489 Aufrufe • vor 2 Jahren

Illegal Lithium Mining Boom at Old Oyo National Park: 3,000–5,000 Bikes Daily, N2,700 Per Trip, Chinese Buyers, Local Security Earn N300,000 Daily A booming illegal lithium mining operation has taken over large swaths of the Old Oyo National Park, with an estimated 3,000 to 5,000 motorcycles plying the forest daily to transport minerals out of the protected area, investigations have revealed. The operation, which has been ongoing for about eight years, has evolved into a highly organised criminal enterprise with multiple entry points and checkpoints. Access to the mining site is available either from Oyo State via Kishi and Igbeti or from Bani, a border town along the Kwara and Oyo State axis. Once a bike enters the forest, it must pass through seven to eight checkpoints controlled by locals who provide security for the miners. Each checkpoint charges a fee per trip, ranging from N100 to N500, while the final checkpoint leading to Daba, the hub of illegal mining, charges N2,700 per trip. With thousands of bikes operating daily, the revenue generated is staggering. Local security personnel at the N100 checkpoint alone earn over N300,000 daily. Logistics operators who do not mine but transport the minerals earn about N500,000 per truck they move out of the forest. The mining activity has been accepted by all parties involved, including locals and foreigners. The Chinese are actively participating in buying the minerals, making this a billion-dollar economy that is being illegally exploited. The Federal Government and Oyo State Government must pay urgent attention to this illegal mining operation. The scale of the activity suggests a well-funded and well-protected criminal network that is siphoning billions of naira from the nation's resources while destroying a protected national park.

The Yoruba Times

10,278 Aufrufe • vor 2 Monaten

Lithium mining activity going on at the Old Oyo National Park, the first frame showed the sorting process of the earthy minerals at the Old Oyo National park while the other two videos shows logistics activities of the bikes. Ranging from there are multiple entries to the site either from Oyo State via Kishi and Igbeti or via Bani a border town along Kwara and Oyo State. Once a bike enters the forest, there are about 7 - 8 checkpoints within the forest which is controlled by locals providing security for miners in the forest. Each of this checkpoint charges each bike per trip ranging from 100naira, 200,300 and 500naira while the last checkpoint which will lead you to Daba (illegal mining) charges 2,700naira per trip. And the estimated population of the bikes plying through the area is around 3000 to 5000 bikes. Which is significantly increasing, the mining which has started about 8yrs ago has been accepted by all parties both locals and foreigners including the Chinese who are actively participating in buying the minerals there. It is an organized crime and has many wings because those who do not mine but just look for logistics companies to pick up the items earn about 500,000 naira on each truck they bring forward. The local security earn more than 300,000 naira daily for those recieving 100naira as gate fee. The Federal Govt and State Govt needs to pay a huge and urgent attention to this mining activity, it is a billion dollar economy which is been illegally mined.

Mobilisingnigerians™

207,758 Aufrufe • vor 2 Monaten

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

Peter Girnus 🦅

106,384 Aufrufe • vor 4 Monaten

OptimAI Lite Node v1.1: Built for Scale, Designed for You! 💕 In just 2 weeks since the launch, the OptimAI Network has seen explosive growth—130,000+ active node participants powering the future of decentralized AI. With this incredible momentum came a new challenge: ensuring our network could scale seamlessly to support massive concurrent connections and real-time participation. That’s why we’ve rolled out OptimAI Lite Node v1.1—a major upgrade focused on: + Stabilizing infrastructure to handle high traffic from a global community. + Enhancing performance for smoother data mining, validation, and edge compute participation. + Refining user experience with UI updates that make contributing effortless. Every line of code and infrastructure upgrade was made with one goal in mind: to support YOU—the builders, validators, and visionaries of the OptimAI ecosystem. Now’s the time to bring more friends into the journey. 🔥 The more we grow, the smarter and stronger the network becomes—and the greater the rewards. Let’s keep building, validating, scaling. Together we’re not just powering AI—we’re reshaping how it’s built. Join or revisit the node here: 🌐 Chrome Extension: 📱Telegram Mini-App: What’s Coming Next: OptimAI Edge Node & the Rise of Agentic AI 🔸OptimAI Edge Node (Mobile) We’re working hard on the next major release: the Edge Node for mobile, which will allow mining and AI tasks to run in the background—unlocking more earning opportunities and decentralized compute power from your smartphones. 🔸More Task Types & Missions Expect new types of contributions, from AI-enhanced data validation to edge inference and scraping automation—powered by autonomous mining agents. 🔸Expanded Rewards Program As we grow, more reward tiers, bonuses, and campaigns will be introduced. Your participation now paves the way for long-term benefits. Also, do not forget to checkout our article below and learn more about our latest Community Tips & Best Practices!👇 __________________ OptimAI Network #L2 #DePIN Reinforcement Data Network for #Agentic #AI Mine Data. Fuel AI. Earn Rewards. Turn Your Data into Tomorrow’s AI #Agent. Visit our website at:

OptimAI Network

76,497 Aufrufe • vor 1 Jahr

🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY🔥 Strategy bought OVER 56,000 Bitcoin in April. That number is so absurd people are psychologically incapable of processing it. Post-halving miners produce roughly 13,500 BTC per month. Strategy just bought about 4.1x an entire month of new miner supply in one month. Now run the simple monster math: Today: Strategy BTC stack: 818,334 BTC Bitcoin price: $76,196 Bitcoin NAV: $62.35B Assume Strategy keeps buying 56,000 BTC per month for 5 years. That is: ASSUMING STRC GROWTH TOTALLY STOPS (LOL) ~672,000 BTC per year ~3,360,000 BTC over 5 years Their stack goes from: 818,334 BTC to 4,178,334 BTC Now assume Bitcoin compounds at 25% CAGR. Bitcoin goes from: $76,196 to roughly: $232,532 So the Bitcoin NAV becomes: 4,178,334 BTC × $232,532 = roughly $971.5 BILLION Almost $1 TRILLION in Bitcoin NAV. And the funniest part? This model assumes no mNAV expansion. No premium insanity. No additional acceleration. No credit flywheel getting stronger. No market panic as everyone realizes Strategy is vacuuming Bitcoin off the planet like a publicly traded monetary black hole. Just: 56,000 BTC per month. 25% Bitcoin CAGR. 5 years. That’s it. Don't think they can accumulate that much Bitcoin at that low of a CAGR? Think the Bitcoin CAGR has to go higher? Cool. That only helps Strategy buy more Bitcoin. The bear case is basically: “Sure, they are absorbing multiples of new supply, building the largest corporate Bitcoin balance sheet in history, converting fiat capital markets into Bitcoin ownership, and compounding NAV at escape velocity, but have you considered that I am emotionally upset?” MSTR is becoming the most aggressive Bitcoin accumulation machine ever built. The fiat world is still modeling it like a tech stock with a weird treasury policy. GOOD LUCK.

Adam Livingston

61,593 Aufrufe • vor 4 Monaten