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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

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Documenting ₿itcoin 📄

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64,925 просмотров • 5 месяцев назад •via X (Twitter)

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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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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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#Bitcoin doesn't require a bank or military to protect it. It instead runs this SHA-256 hash function 🤯 100,000,000,000,000,000,000 times per second by computers globally.
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#Bitcoin doesn't require a bank or military to protect it. It instead runs this SHA-256 hash function 🤯 100,000,000,000,000,000,000 times per second by computers globally.

Trending Bitcoin

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Each dot on this animated #bitcoin network map represents a node and connection to one of the estimated ~50,000 computers with a full record of all transactions. Nodes use this information to audit, validate, and secure the globally decentralized system:
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Each dot on this animated #bitcoin network map represents a node and connection to one of the estimated ~50,000 computers with a full record of all transactions. Nodes use this information to audit, validate, and secure the globally decentralized system:

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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.

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Buying Bitcoin on Coinbase is one-for-one. $7 in, $7 of Bitcoin out. Mining flips the math. $7 of power through a miner can produce $14-15 of Bitcoin TODAY. Here's why it works:
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Buying Bitcoin on Coinbase is one-for-one. $7 in, $7 of Bitcoin out. Mining flips the math. $7 of power through a miner can produce $14-15 of Bitcoin TODAY. Here's why it works:

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12,592 просмотров • 1 месяц назад

1) Evidence is mounting that The New York Times NYT Graphics allegedly manipulated photos and videos, to make #Bitcoin mining locales to appear polluted and smog-filled. Watch as the same pinched color profiles appear on every single one of the videos and images in the story.
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1) Evidence is mounting that The New York Times NYT Graphics allegedly manipulated photos and videos, to make #Bitcoin mining locales to appear polluted and smog-filled. Watch as the same pinched color profiles appear on every single one of the videos and images in the story.

Level39

206,659 просмотров • 3 лет назад

When GameStop uses its $4.6 billion in cash to buy Bitcoin, they’ll be at the #2 spot for largest corporate Bitcoin treasuries in the WORLD behind $MSTR They would hold OVER 5X the amount of bitcoin held by Coinbase 🛡️. Roberto Rios on THE Bitcoin Podcast
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When GameStop uses its $4.6 billion in cash to buy Bitcoin, they’ll be at the #2 spot for largest corporate Bitcoin treasuries in the WORLD behind $MSTR They would hold OVER 5X the amount of bitcoin held by Coinbase 🛡️. Roberto Rios on THE Bitcoin Podcast

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Can Bitcoin still go to $10m? "For Bitcoin to go to 5 million dollars it would have to have the market cap of the entire planet. The math doesn't math"
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Can Bitcoin still go to $10m? "For Bitcoin to go to 5 million dollars it would have to have the market cap of the entire planet. The math doesn't math"

rasmr

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I don’t understand the anger of the four year cycle. It makes no sense at all. Bitcoin mining economics matter
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I don’t understand the anger of the four year cycle. It makes no sense at all. Bitcoin mining economics matter

Wendy O

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"Where are the servers of Bitcoin located?” - Prof Jiang That single question from Jiang shows the misunderstanding immediately. Bitcoin does not run on one company’s servers, Bitcoin runs on a distributed network of nodes spread across the world, which is exactly why it is hard to censor, shut down, or control, plus the mining system on top of it to protect it with energy. When someone frames Bitcoin like a centralized system, they are not critiquing Bitcoin as it is. They are critiquing a version of Bitcoin that exists only in their own confusion.
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"Where are the servers of Bitcoin located?” - Prof Jiang That single question from Jiang shows the misunderstanding immediately. Bitcoin does not run on one company’s servers, Bitcoin runs on a distributed network of nodes spread across the world, which is exactly why it is hard to censor, shut down, or control, plus the mining system on top of it to protect it with energy. When someone frames Bitcoin like a centralized system, they are not critiquing Bitcoin as it is. They are critiquing a version of Bitcoin that exists only in their own confusion.

MDB

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The New York Times Bitcoin mining has zero carbon emissions.
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The New York Times Bitcoin mining has zero carbon emissions.

Riot Platforms, Inc.

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WATCH: Michael Saylor on Bitcoin's 4-year cycle "Big banks offering loans in Bitcoin will be the equivalent of an entire year of Bitcoin mining."
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WATCH: Michael Saylor on Bitcoin's 4-year cycle "Big banks offering loans in Bitcoin will be the equivalent of an entire year of Bitcoin mining."

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₿REAKING: #Bitcoin mining computers are now made in America 🇺🇸 for the first time!
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₿REAKING: #Bitcoin mining computers are now made in America 🇺🇸 for the first time!

Documenting ₿itcoin 📄

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Michael Saylor's end game is to buy $3 trillion worth of #Bitcoin! 👀 Microstrategy could, CONSERVATIVELY, own approximately 16% of the total Bitcoin Supply or 3,439,002 Bitcoin!! For those that think this is a MOONBOI projection, listen to the video clip below, VERY CLOSELY, and you will hear him say that he plans on buying $3 trillion worth of Bitcoin 🤯 Even if Saylor buys $3 trillion worth of Bitcoin, at an average price of $1 million per coin, he would be able to buy 3,000,000 Bitcoin! Check my math! This would CONSERVATIVELY bring his total Bitcoin holdings to 3,444,262, or 16% of the total Bitcoin Supply!! Saylor could single handedly jack the price of Bitcoin to $1 million per coin and Samson Mow's Omega candle could be coming in 2025. What going to happen when Nation States, Google, Amazon, Facebook and billions of people complement Saylor's $3 trillion purchase? What is bigger than an omega candle? I asked GROK and it doesn't even know! 😂 I think we should name it the ♾️ candle. This would be representative of Wicked's Stock to Fomo model (see graphic below) and his post: Saylor has said he is going to double his $42 Billion Bitcoin investment at least 4 times and here is how this could lead to him acquiring more than 4 million Bitcoin in 2025: Q1 2025 - Raise $84 Billion to buy 700,000 Bitcoin at average price of $120k/Bitcoin. Q2 2025 - Raise $168 Billion to buy 988,235 Bitcoin at average price of $170k/Bitcoin Q3 2025 - Raise $336 Billion to buy 1,050,000 Bitcoin at average price of $320k/Bitcoin Q4 2025 - Raise $672 Billion to buy 1,680,000 Bitcoin at average price of $400k/Bitcoin In one year there is the possibility that he could REALISTICALLY buy 4,418,235 Bitcoin!! I say "realistically" because the demand for Saylor's $42 Billion equity raise was so great that he is going to be able to use it all up in 3-4 months instead of the projected 3 years!!🤯 This would bring their current Bitcoin holdings of 444,262 Bitcoin to 4,857,237!!!! Or 23% of all Bitcoin!! Calculations are based on our post below: We are closer to $1 million Bitcoin than you think. I believe we will get to this price sooner than Wicked 's projected date of 4/4/2030. I agree with Samson that we get to $1 million per coin by the end of 2025! Hold on to your hat, because we are about to experience exponential, LIFTOFF. To understand exponential growth, envision yourself holding two very powerful magnets. As you start to bring the two magnets together, it gets harder to hold them apart and all of a sudden, BAM, they clap together! This is what we are about to experience, a SUDDEN BAM, in the price of Bitcoin as adoption goes from <1% to 10% in a very short time frame. Now you may better understand why Saylor is frantically, but intelligently, trying to buy $42 Billion of Bitcoin. As an engineer he understands what exponential demand will cause to the price of a finite commodity. Saylor has been on record as saying that "he will be buying the top forever." Don't ever underestimate an astro/aeronautical MIT engineer.
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Michael Saylor's end game is to buy $3 trillion worth of #Bitcoin! 👀 Microstrategy could, CONSERVATIVELY, own approximately 16% of the total Bitcoin Supply or 3,439,002 Bitcoin!! For those that think this is a MOONBOI projection, listen to the video clip below, VERY CLOSELY, and you will hear him say that he plans on buying $3 trillion worth of Bitcoin 🤯 Even if Saylor buys $3 trillion worth of Bitcoin, at an average price of $1 million per coin, he would be able to buy 3,000,000 Bitcoin! Check my math! This would CONSERVATIVELY bring his total Bitcoin holdings to 3,444,262, or 16% of the total Bitcoin Supply!! Saylor could single handedly jack the price of Bitcoin to $1 million per coin and Samson Mow's Omega candle could be coming in 2025. What going to happen when Nation States, Google, Amazon, Facebook and billions of people complement Saylor's $3 trillion purchase? What is bigger than an omega candle? I asked GROK and it doesn't even know! 😂 I think we should name it the ♾️ candle. This would be representative of Wicked's Stock to Fomo model (see graphic below) and his post: Saylor has said he is going to double his $42 Billion Bitcoin investment at least 4 times and here is how this could lead to him acquiring more than 4 million Bitcoin in 2025: Q1 2025 - Raise $84 Billion to buy 700,000 Bitcoin at average price of $120k/Bitcoin. Q2 2025 - Raise $168 Billion to buy 988,235 Bitcoin at average price of $170k/Bitcoin Q3 2025 - Raise $336 Billion to buy 1,050,000 Bitcoin at average price of $320k/Bitcoin Q4 2025 - Raise $672 Billion to buy 1,680,000 Bitcoin at average price of $400k/Bitcoin In one year there is the possibility that he could REALISTICALLY buy 4,418,235 Bitcoin!! I say "realistically" because the demand for Saylor's $42 Billion equity raise was so great that he is going to be able to use it all up in 3-4 months instead of the projected 3 years!!🤯 This would bring their current Bitcoin holdings of 444,262 Bitcoin to 4,857,237!!!! Or 23% of all Bitcoin!! Calculations are based on our post below: We are closer to $1 million Bitcoin than you think. I believe we will get to this price sooner than Wicked 's projected date of 4/4/2030. I agree with Samson that we get to $1 million per coin by the end of 2025! Hold on to your hat, because we are about to experience exponential, LIFTOFF. To understand exponential growth, envision yourself holding two very powerful magnets. As you start to bring the two magnets together, it gets harder to hold them apart and all of a sudden, BAM, they clap together! This is what we are about to experience, a SUDDEN BAM, in the price of Bitcoin as adoption goes from <1% to 10% in a very short time frame. Now you may better understand why Saylor is frantically, but intelligently, trying to buy $42 Billion of Bitcoin. As an engineer he understands what exponential demand will cause to the price of a finite commodity. Saylor has been on record as saying that "he will be buying the top forever." Don't ever underestimate an astro/aeronautical MIT engineer.

Satoshi’s Journal

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This year globally, reachable Bitcoin nodes grew ~19.3% in total number. Each node is a computer running Bitcoin software that records the full blockchain, independently verifies every transaction, and relays data to peers, making Bitcoin more secure.
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This year globally, reachable Bitcoin nodes grew ~19.3% in total number. Each node is a computer running Bitcoin software that records the full blockchain, independently verifies every transaction, and relays data to peers, making Bitcoin more secure.

Documenting ₿itcoin 📄

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Made in Paraguay 🇵🇾 Special containers for Bitcoin mining built to get the most out of every miner. Built in Paraguay by Paraguayans. Soon our clients can rent or buy these containers to grow on Morphware owned mining and AI sites. Building the future of Bitcoin mining. $XMW
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Made in Paraguay 🇵🇾 Special containers for Bitcoin mining built to get the most out of every miner. Built in Paraguay by Paraguayans. Soon our clients can rent or buy these containers to grow on Morphware owned mining and AI sites. Building the future of Bitcoin mining. $XMW

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The 16 year evolution of Bitcoin mining machines
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$1 Billion of Bitcoin or $1 Billion of real estate? 🤔 Grant Cardone: "I'd take the Bitcoin in a heartbeat."
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$1 Billion of Bitcoin or $1 Billion of real estate? 🤔 Grant Cardone: "I'd take the Bitcoin in a heartbeat."

Altcoin Daily

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Bitcoin is one big disaster for the environment. Mining bitcoin requires an inordinate amount of energy, is a terrible investment these days and fuels crime on the dark web. Is this a contender for the worst idea of the 21st century?
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Bitcoin is one big disaster for the environment. Mining bitcoin requires an inordinate amount of energy, is a terrible investment these days and fuels crime on the dark web. Is this a contender for the worst idea of the 21st century?

New Scientist

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