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Bitcoin mining uses a math function called SHA-256, repeated quintillions of times per second by computers globally. Cryptographer Adam Back theorizes this bitcoin algorithm has been calculated more than all operations by every computer combined in history.

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Documenting ₿itcoin 📄

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159,869 görüntüleme • 1 yıl önce •via X (Twitter)

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Roberⓣ aka Bobby profil fotoğrafı
Roberⓣ aka Bobby1 yıl önce

I don’t understand it, but I love it

Dan Ryder - primedefi.com profil fotoğrafı
Dan Ryder - primedefi.com1 yıl önce

The case for Bitcoin: How does Bitcoin mining work?

Kristina Brown profil fotoğrafı
Kristina Brown1 yıl önce

A friend recently recommended the @Billycevisn account to me. Its operator shares daily crypto - currency analysis. Thanks to their insights, I've doubled my investment assets. If you want to grow your wealth in the crypto space, follow this account. You won't be disappointed.

Real Life Rick Sanchez profil fotoğrafı
Real Life Rick Sanchez1 yıl önce

Computational irreducibility, calculating and guessing the answer to a cryptography puzzle over and over again until one key fits the puzzle exactly. Proof of work.

Kraken Pro profil fotoğrafı
Kraken Pro1 yıl önce

👀

The Bitcoin Voyager profil fotoğrafı
The Bitcoin Voyager1 yıl önce

People are not afraid to store their money on a bank account but afraid of bitcoin because it’s unsafe 😕 With the global adoption ongoing, crazy for me that they don’t even take the chance to at least understand it a bit.

Sats_256x profil fotoğrafı
Sats_256x1 yıl önce

Isaac believes in Bitcoin since the beginning. Now believe in ISAAC from the beginning 🚀 💎🙌

BitcoinBillingsgate🦀🦞🐸 profil fotoğrafı
BitcoinBillingsgate🦀🦞🐸1 yıl önce

I’ve speculated that bitcoin core is ***THE*** most scrutinized codebase on Earth. Is there any way to quantify that, even roughly?

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Real Money Truth1 yıl önce

Powerful stuff.

satstacker | kolin profil fotoğrafı
satstacker | kolin1 yıl önce

SHA-256 is pure proof of work. This is what makes Bitcoin unstoppable. No shortcuts. Just raw computational power securing the network. Bullish.

Benzer Videolar

This year globally, computers mining for Bitcoin calculated the SHA-256 math algorithm the same amount of times it would take to count every single grain of sand on Earth four billion times. Total Estimated Bitcoin Network Hashes in 2025: 28,382,400,000,000,000,000,000,000,000x
1:22

This year globally, computers mining for Bitcoin calculated the SHA-256 math algorithm the same amount of times it would take to count every single grain of sand on Earth four billion times. Total Estimated Bitcoin Network Hashes in 2025: 28,382,400,000,000,000,000,000,000,000x

Documenting ₿itcoin 📄

64,949 görüntüleme • 7 ay önce

Here’s a video from Ken Shirriff of Bitcoin being mined by hand using pencil and paper. One round of the SHA-256 algorithm takes 16 min and 45 secs, which equals a hash rate of 0.67 hashes per day. For comparison, a small Bitaxe home miner does 1 trillion hashes per second.
7:51

Here’s a video from Ken Shirriff of Bitcoin being mined by hand using pencil and paper. One round of the SHA-256 algorithm takes 16 min and 45 secs, which equals a hash rate of 0.67 hashes per day. For comparison, a small Bitaxe home miner does 1 trillion hashes per second.

Bitcoin News

58,877 görüntüleme • 1 yıl önce

Bitcoin Mining Clothes Dryer. Using a Bitcoin miner instead of the heating element to dry laundry. Less than $100 in materials this dryer pays back sats for the power it uses to dry. Follow on nostr for more details. npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z
0:33

Bitcoin Mining Clothes Dryer. Using a Bitcoin miner instead of the heating element to dry laundry. Less than $100 in materials this dryer pays back sats for the power it uses to dry. Follow on nostr for more details. npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z

Rev.Hodl

188,042 görüntüleme • 3 yıl önce

Creating Bitcoin keys securely entirely off-line. I made this (extremely ugly but) functional prototype Codex32 wooden computer that can calculate Bitcoin keys using nothing more than dice, some paper and a pen. You do all the math by hand, including calculating the checksum.
0:45

Creating Bitcoin keys securely entirely off-line. I made this (extremely ugly but) functional prototype Codex32 wooden computer that can calculate Bitcoin keys using nothing more than dice, some paper and a pen. You do all the math by hand, including calculating the checksum.

FractalEncrypt ∞/21M

181,053 görüntüleme • 2 yıl önce

Mining 2% of the entire Bitcoin supply 😳 Eric Trump shared a rare inside look at his company’s huge Bitcoin mining facility in Texas, calling it proof that crypto is far more tangible than people assume. The tour on X showed the site’s massive scale, with more than 35,000 liquid-cooled servers mining nonstop and Trump emphasising the entire operation runs solely on American energy. American Bitcoin Corp, majority-owned by Hut 8, has built a 4,004-BTC reserve, and Trump used the visit to repeat his bullish prediction that Bitcoin could reach one million. #bitcoin
0:29

Mining 2% of the entire Bitcoin supply 😳 Eric Trump shared a rare inside look at his company’s huge Bitcoin mining facility in Texas, calling it proof that crypto is far more tangible than people assume. The tour on X showed the site’s massive scale, with more than 35,000 liquid-cooled servers mining nonstop and Trump emphasising the entire operation runs solely on American energy. American Bitcoin Corp, majority-owned by Hut 8, has built a 4,004-BTC reserve, and Trump used the visit to repeat his bullish prediction that Bitcoin could reach one million. #bitcoin

Pure Guava

59,566 görüntüleme • 8 ay önce

Upstream Data has a new software initiative starting with our LoadSync™ industrial bitcoin mining controller. We converted from PLC controls to a much more scalable embedded Linux based architecture. This project is led by b_rowan and James Hilliard. Brett gives an overview of what it can do today, but there's so much more coming soon! LoadSync is just the beginning of our software plans, I can't wait to show you what we have in store. Our long term goal for LoadSync is to have a drop-in product for every bitcoin mine on the planet at any scale. A complete fleet management tool for everything associated with a bitcoin mining load. LoadSync is built upon an open source library also maintained by Brett, called PyASIC. More and more bitcoin miners are integrating PyASIC every day, you should too! Go find it on GitHub. At Upstream Data we intend to continue leading the industry in technology, product application and high performance bitcoin mining infrastructure.
10:36

Upstream Data has a new software initiative starting with our LoadSync™ industrial bitcoin mining controller. We converted from PLC controls to a much more scalable embedded Linux based architecture. This project is led by b_rowan and James Hilliard. Brett gives an overview of what it can do today, but there's so much more coming soon! LoadSync is just the beginning of our software plans, I can't wait to show you what we have in store. Our long term goal for LoadSync is to have a drop-in product for every bitcoin mine on the planet at any scale. A complete fleet management tool for everything associated with a bitcoin mining load. LoadSync is built upon an open source library also maintained by Brett, called PyASIC. More and more bitcoin miners are integrating PyASIC every day, you should too! Go find it on GitHub. At Upstream Data we intend to continue leading the industry in technology, product application and high performance bitcoin mining infrastructure.

Steve Barbour

27,049 görüntüleme • 2 yıl önce

THIS is Bitcoin's biggest weakness... The CEO of Bitcoin mining company, MARA, said that $BTC's biggest weakness is its inability to generate yield for holders in a recent interview, per Wu Blockchain. CEO Fred Thiel also added that AI data centers are able to generate much more revenue per unit of electricity expended than $BTC mining. For context, MARA has sold around 20,000 $BTC. Are the Bitcoin faithfuls leaving?!
0:20

THIS is Bitcoin's biggest weakness... The CEO of Bitcoin mining company, MARA, said that $BTC's biggest weakness is its inability to generate yield for holders in a recent interview, per Wu Blockchain. CEO Fred Thiel also added that AI data centers are able to generate much more revenue per unit of electricity expended than $BTC mining. For context, MARA has sold around 20,000 $BTC. Are the Bitcoin faithfuls leaving?!

BSCN

46,663 görüntüleme • 28 gün önce

In just a few short years, Marathon grew its operations by more than 11,000% to become one of the world's largest and most innovative #Bitcoin mining companies. Curious how we got here? Here's the inside story. The Road to 23 Exahash. Watch now:
16:12

In just a few short years, Marathon grew its operations by more than 11,000% to become one of the world's largest and most innovative #Bitcoin mining companies. Curious how we got here? Here's the inside story. The Road to 23 Exahash. Watch now:

MARA

92,451 görüntüleme • 2 yıl önce

This is WILD. Robert Kiyosaki just dropped another doomsday prediction. He says that one year after "the biggest bubble in history" bursts, we'll be looking at these prices: Gold: $35,000/oz Silver: $200/oz Bitcoin: $750,000 Ethereum: $95,000 Sounds great until you run the math. For all four to hit those numbers at the same time, gold, silver, Bitcoin, and Ethereum would need a combined market cap of roughly $285 trillion. That's more than double the value of every publicly traded company on Earth, COMBINED.
0:34

This is WILD. Robert Kiyosaki just dropped another doomsday prediction. He says that one year after "the biggest bubble in history" bursts, we'll be looking at these prices: Gold: $35,000/oz Silver: $200/oz Bitcoin: $750,000 Ethereum: $95,000 Sounds great until you run the math. For all four to hit those numbers at the same time, gold, silver, Bitcoin, and Ethereum would need a combined market cap of roughly $285 trillion. That's more than double the value of every publicly traded company on Earth, COMBINED.

Crypto Rover

460,823 görüntüleme • 1 ay önce

She raised nearly $4B for a so-called “Bitcoin killer.” But… There was no blockchain. No mining. No public ledger. Just a private database and numbers edited by hand. This is how OneCoin became one of the biggest scams in Web3’s history 👇
1:28

She raised nearly $4B for a so-called “Bitcoin killer.” But… There was no blockchain. No mining. No public ledger. Just a private database and numbers edited by hand. This is how OneCoin became one of the biggest scams in Web3’s history 👇

Bitcoin.com News

14,777 görüntüleme • 6 ay önce

Did I spam bitcoin? At Braiins, our focus is simple: help miners mine more bitcoin. We love bitcoin. To us, it’s the only truly decentralized digital money. But every once in a while, we’ve used a block to do something else too: mark a moment worth remembering. Leaving a message in a block isn’t exactly new. Satoshi did it in the first one: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” A newspaper headline, timestamped into history. We’ve followed Satoshi’s example a few times since. Like when El Salvador declared bitcoin legal tender, or when the ESG crowd came for bitcoin mining. And, on a more personal note, when I asked Summer Meng to marry me, which we also captured in this video. Those messages will remain on the bitcoin timechain forever. So, did I spam bitcoin?
1:21

Did I spam bitcoin? At Braiins, our focus is simple: help miners mine more bitcoin. We love bitcoin. To us, it’s the only truly decentralized digital money. But every once in a while, we’ve used a block to do something else too: mark a moment worth remembering. Leaving a message in a block isn’t exactly new. Satoshi did it in the first one: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” A newspaper headline, timestamped into history. We’ve followed Satoshi’s example a few times since. Like when El Salvador declared bitcoin legal tender, or when the ESG crowd came for bitcoin mining. And, on a more personal note, when I asked Summer Meng to marry me, which we also captured in this video. Those messages will remain on the bitcoin timechain forever. So, did I spam bitcoin?

Kristian Csepcsar

12,978 görüntüleme • 14 gün önce

We’re excited to announce a new partnership with 21Pool is the world’s most profitable Bitcoin mining pool, operating 5.62 EH/s of hashrate. Through this cooperation, PinLink has reduced mining pool operational costs by 75% compared to the industry standard, making our mining operations more efficient. PinLink continues to forge new relationships across the mining ecosystem. Every efficiency gain compounds into stronger foundations, sustainable RWA yields, and increased value within the $PIN ecosystem.
0:34

We’re excited to announce a new partnership with 21Pool is the world’s most profitable Bitcoin mining pool, operating 5.62 EH/s of hashrate. Through this cooperation, PinLink has reduced mining pool operational costs by 75% compared to the industry standard, making our mining operations more efficient. PinLink continues to forge new relationships across the mining ecosystem. Every efficiency gain compounds into stronger foundations, sustainable RWA yields, and increased value within the $PIN ecosystem.

PinLink

32,579 görüntüleme • 1 yıl önce

“It’s about $1 million a megawatt all-in, between infrastructure and compute, to build a Bitcoin mining site. The AI site, just the infrastructure without compute, is $10 to $15 million a megawatt.” $MARA CEO Fred Thiel points out the math of Bitcoin miners pivoting to AI: An AI data center costs 10-15x more per megawatt to build than a Bitcoin mine but it earns far more per unit of power. And because the tenants are companies like Google, banks will actually finance it. The pricier build is the easier one to fund. Don’t miss the full interview streaming now.
5:46

“It’s about $1 million a megawatt all-in, between infrastructure and compute, to build a Bitcoin mining site. The AI site, just the infrastructure without compute, is $10 to $15 million a megawatt.” $MARA CEO Fred Thiel points out the math of Bitcoin miners pivoting to AI: An AI data center costs 10-15x more per megawatt to build than a Bitcoin mine but it earns far more per unit of power. And because the tenants are companies like Google, banks will actually finance it. The pricier build is the easier one to fund. Don’t miss the full interview streaming now.

Natalie Brunell ⚡️

45,375 görüntüleme • 29 gün önce

BIG NEWS! The Bitcoin Mining Museum has officially evolved into the new Bitcoin Discovery Center. A 30,000 sq ft facility in Dallas, TX that will house the Museum, an Education Center working with youth, a Bitcoin art gallery, and the world’s first Bitcoin storefront. It will also include an Event Center available to book for Bitcoin-themed weddings, conference side events, meetups, and more—all under a new nonprofit status. We have done SO MUCH legwork to get here. Now we need YOU, the Bitcoin community, to help us reach a grand opening. We have already received $25,000 this morning from an OG donor. For Whales / OGs / PubCos interested in giving back to the community through a sizeable contribution, naming rights are available. DMs are open. Our Museum has FINALLY found a home. Our goal is an orange ribbon-cutting grand opening by Summer 2026 with a full house. Nothing like this has ever been done in 17 years of Bitcoin history. We can accept USD and Bitcoin. Visit our new website for more 👇
0:21

BIG NEWS! The Bitcoin Mining Museum has officially evolved into the new Bitcoin Discovery Center. A 30,000 sq ft facility in Dallas, TX that will house the Museum, an Education Center working with youth, a Bitcoin art gallery, and the world’s first Bitcoin storefront. It will also include an Event Center available to book for Bitcoin-themed weddings, conference side events, meetups, and more—all under a new nonprofit status. We have done SO MUCH legwork to get here. Now we need YOU, the Bitcoin community, to help us reach a grand opening. We have already received $25,000 this morning from an OG donor. For Whales / OGs / PubCos interested in giving back to the community through a sizeable contribution, naming rights are available. DMs are open. Our Museum has FINALLY found a home. Our goal is an orange ribbon-cutting grand opening by Summer 2026 with a full house. Nothing like this has ever been done in 17 years of Bitcoin history. We can accept USD and Bitcoin. Visit our new website for more 👇

BitcoinDiscoveryCenter

48,605 görüntüleme • 7 ay önce

Sound ON (Unless you're a shitcoiner, then leave the sound off) This set of 3 mirrored Codex32 computers uses ancient technology to securely create bitcoin seeds entirely offline. The perfect tool for the self-sovereign bitcoiner. ✅Don’t trust computers? ✅Don’t trust software? ✅Don’t trust hardware? ✅Don’t EVEN trust dice manufacturers? Store your Bitcoin using technology that worked 1000 years ago, and will work 1000 years from today. Math. Paper. Pencil. Dice. Fire. Steel. You do all the math yourself, by hand, and don’t have to trust, you can verify. The computers not only help you calculate the Bitcoin seeds yourself by hand but can also use Shamir Secret Sharing to split your seeds for layered security into 2-of-3, 3-of-5 (up to 31 shares). And of course, the final computer helps you to combine your split shares to recover your secret seed. See them in person and on auction BTC Prague. BTC Prague Art Gallery Auctions are live for viewing on my site (link in bio). #Codex32 #bitcoin
0:21

Sound ON (Unless you're a shitcoiner, then leave the sound off) This set of 3 mirrored Codex32 computers uses ancient technology to securely create bitcoin seeds entirely offline. The perfect tool for the self-sovereign bitcoiner. ✅Don’t trust computers? ✅Don’t trust software? ✅Don’t trust hardware? ✅Don’t EVEN trust dice manufacturers? Store your Bitcoin using technology that worked 1000 years ago, and will work 1000 years from today. Math. Paper. Pencil. Dice. Fire. Steel. You do all the math yourself, by hand, and don’t have to trust, you can verify. The computers not only help you calculate the Bitcoin seeds yourself by hand but can also use Shamir Secret Sharing to split your seeds for layered security into 2-of-3, 3-of-5 (up to 31 shares). And of course, the final computer helps you to combine your split shares to recover your secret seed. See them in person and on auction BTC Prague. BTC Prague Art Gallery Auctions are live for viewing on my site (link in bio). #Codex32 #bitcoin

FractalEncrypt ∞/21M

180,681 görüntüleme • 2 yıl önce

BITCOIN RAILS #46: BITCOIN MINING IN THE AGE OF AI | with MARA CEO Fred Thiel 🔗 YOUTUBE: 🌿 SPOTIFY: In response to the AI-driven shock in global demand for computing power, large players in the Bitcoin mining industry have been forced to make significant strategic shifts to remain competitive. MARA — the largest Bitcoin miner in the world by hashrate — is emerging as one of the more well-positioned beneficiaries of these changing tides, having transitioned from an “asset-light” strategy (via hosted mining at third-party facilities) to an “asset-heavy” approach (owning its own land, power, and infrastructure) just ahead of the AI compute wave in 2024/25. I sat down with MARA CEO Fred Thiel to discuss how these shifting industry dynamics are playing out in practice — as well as his perspective on how key mining-related security and infrastructure issues may evolve in the coming months and years. In this episode, we cover: — How MARA scaled from near-zero hash rate in 2020 to the largest Bitcoin miner globally by the end of 2023 — Key differences between operating Bitcoin mining facilities versus AI data centers, and where the two models meaningfully intersect — Why ownership of power generation — rather than reliance on PPAs — may represent a durable competitive edge for miners and AI data center operators over time — Why Bitcoin may be entering its “IPO phase,” and why recent price corrections could reflect increasing market maturity rather than structural weakness We also explore more technical and often under-discussed topics, such as heat reuse, open-source mining technologies, and the implications of US policy goals around Bitcoin mining. This episode offers a grounded, operator-level view of where Bitcoin mining is headed, informed by one of the most influential leaders in the public mining sector. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) — a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS 📌 00:00 Intro 01:09 From Marathon Patent Group to MARA 06:35 Why Owning Infrastructure is Key 07:46 First Public Companies Mining Bitcoin 09:54 Data Centers For AI vs Bitcoin Mining Facilities 14:07 How AI Data Centers Will Look Going Forward 15:37 How MARA is Diversifying From Bitcoin Mining 19:03 Private Cloud and Data Security 22:20 The Exaion Partnership 26:03 Future of Bitcoin and AI 40:22 Innovative Approaches to AI and Bitcoin Mining 42:06 Challenges and Opportunities in Power Generation 45:38 Strategic International Partnerships 50:43 The Future of Real World Assets 53:53 Bitcoin Mining in China 57:24 Why MARA Runs Their Own Software 01:00:19 Where is Bitcoin Mining Headed 01:04:17 Benefits of Running a Mining Pool 01:07:17 Heat Reuse in Mining 01:12:23 The Role of Data Centers in Power Generation
1:18:39

BITCOIN RAILS #46: BITCOIN MINING IN THE AGE OF AI | with MARA CEO Fred Thiel 🔗 YOUTUBE: 🌿 SPOTIFY: In response to the AI-driven shock in global demand for computing power, large players in the Bitcoin mining industry have been forced to make significant strategic shifts to remain competitive. MARA — the largest Bitcoin miner in the world by hashrate — is emerging as one of the more well-positioned beneficiaries of these changing tides, having transitioned from an “asset-light” strategy (via hosted mining at third-party facilities) to an “asset-heavy” approach (owning its own land, power, and infrastructure) just ahead of the AI compute wave in 2024/25. I sat down with MARA CEO Fred Thiel to discuss how these shifting industry dynamics are playing out in practice — as well as his perspective on how key mining-related security and infrastructure issues may evolve in the coming months and years. In this episode, we cover: — How MARA scaled from near-zero hash rate in 2020 to the largest Bitcoin miner globally by the end of 2023 — Key differences between operating Bitcoin mining facilities versus AI data centers, and where the two models meaningfully intersect — Why ownership of power generation — rather than reliance on PPAs — may represent a durable competitive edge for miners and AI data center operators over time — Why Bitcoin may be entering its “IPO phase,” and why recent price corrections could reflect increasing market maturity rather than structural weakness We also explore more technical and often under-discussed topics, such as heat reuse, open-source mining technologies, and the implications of US policy goals around Bitcoin mining. This episode offers a grounded, operator-level view of where Bitcoin mining is headed, informed by one of the most influential leaders in the public mining sector. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) — a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS 📌 00:00 Intro 01:09 From Marathon Patent Group to MARA 06:35 Why Owning Infrastructure is Key 07:46 First Public Companies Mining Bitcoin 09:54 Data Centers For AI vs Bitcoin Mining Facilities 14:07 How AI Data Centers Will Look Going Forward 15:37 How MARA is Diversifying From Bitcoin Mining 19:03 Private Cloud and Data Security 22:20 The Exaion Partnership 26:03 Future of Bitcoin and AI 40:22 Innovative Approaches to AI and Bitcoin Mining 42:06 Challenges and Opportunities in Power Generation 45:38 Strategic International Partnerships 50:43 The Future of Real World Assets 53:53 Bitcoin Mining in China 57:24 Why MARA Runs Their Own Software 01:00:19 Where is Bitcoin Mining Headed 01:04:17 Benefits of Running a Mining Pool 01:07:17 Heat Reuse in Mining 01:12:23 The Role of Data Centers in Power Generation

Isabel Foxen Duke⚡️

31,915 görüntüleme • 7 ay önce

The Bitcoin Journey with Adam Back Welcome back to The Bitcoin Treasuries Podcast. Powered by Onramp. Today's guest is Adam Back, Co-Founder and CEO of & Co-Founder and CEO of The Bitcoin Standard Treasury Company. We are joined by co-hosts Ed Juline and Nithu Sezni BIP110 Suit. We discuss the journey of Bitcoin Treasury companies to date, how Adam allocates his time these days, the first time Adam saw the Bitcoin whitepaper, and much more. Here's our conversation with Adam Back. 0:00 - Intro 0:18 - If Bitcoin were a sport, which one would it be? 2:10 - How long will this cycle be? 7:00 - The journey of Bitcoin Treasury companies to date 19:41 - How does Adam allocate his time these days? 23:23 - When Adam first saw the Bitcoin Whitepaper 28:23 - Do Bitcoin Treasury companies need to be aware of code changes? 38:01 - Will everyone be developers in the future? 41:37 - Can the taproot upgrade be patched? 51:10 - Can all nodes be prunable? 55:00 - Is there any hope for Treasury companies building on Altcoins?
1:03:03

The Bitcoin Journey with Adam Back Welcome back to The Bitcoin Treasuries Podcast. Powered by Onramp. Today's guest is Adam Back, Co-Founder and CEO of & Co-Founder and CEO of The Bitcoin Standard Treasury Company. We are joined by co-hosts Ed Juline and Nithu Sezni BIP110 Suit. We discuss the journey of Bitcoin Treasury companies to date, how Adam allocates his time these days, the first time Adam saw the Bitcoin whitepaper, and much more. Here's our conversation with Adam Back. 0:00 - Intro 0:18 - If Bitcoin were a sport, which one would it be? 2:10 - How long will this cycle be? 7:00 - The journey of Bitcoin Treasury companies to date 19:41 - How does Adam allocate his time these days? 23:23 - When Adam first saw the Bitcoin Whitepaper 28:23 - Do Bitcoin Treasury companies need to be aware of code changes? 38:01 - Will everyone be developers in the future? 41:37 - Can the taproot upgrade be patched? 51:10 - Can all nodes be prunable? 55:00 - Is there any hope for Treasury companies building on Altcoins?

Tim Kotzman

13,129 görüntüleme • 10 ay önce

Shrouded in mystery, ASIC production may be the single most centralized facet of Bitcoin. Roughly 80% of ASICs are produced by a single manufacturer, and nearly every component of a miner—from firmware to non-chip systems—is tightly controlled by a small handful of companies in China and Taiwan. On tomorrow’s episode of Bitcoin Rails, Bitaxe creator skot breaks down the history of Bitcoin mining systems: how the industry shifted toward a closed-source model after the GPU era—and how miners are now finding their way back to open-source roots. Follow to catch the episode when it drops 🔥
0:51

Shrouded in mystery, ASIC production may be the single most centralized facet of Bitcoin. Roughly 80% of ASICs are produced by a single manufacturer, and nearly every component of a miner—from firmware to non-chip systems—is tightly controlled by a small handful of companies in China and Taiwan. On tomorrow’s episode of Bitcoin Rails, Bitaxe creator skot breaks down the history of Bitcoin mining systems: how the industry shifted toward a closed-source model after the GPU era—and how miners are now finding their way back to open-source roots. Follow to catch the episode when it drops 🔥

Isabel Foxen Duke⚡️

17,031 görüntüleme • 7 ay önce

Must-watch: Jeremy Grantham, the man who called the 2000 AND 2008 bubbles, just called Bitcoin "proof of unnecessary work, not worth a bucket of warm spit." You've heard pet rock. You've heard Ponzi. Bucket of warm spit is a new one. Every currency in history has been controlled by someone. Bitcoin is the first one that isn't. Fixed supply, no central bank, no printing press, no permission needed. That's not speculation. That's the point.
1:20

Must-watch: Jeremy Grantham, the man who called the 2000 AND 2008 bubbles, just called Bitcoin "proof of unnecessary work, not worth a bucket of warm spit." You've heard pet rock. You've heard Ponzi. Bucket of warm spit is a new one. Every currency in history has been controlled by someone. Bitcoin is the first one that isn't. Fixed supply, no central bank, no printing press, no permission needed. That's not speculation. That's the point.

Lark Davis

175,696 görüntüleme • 1 ay önce