CRYPTO

Authored by 'El Sultan Bitcoin' via Bitcoin Magazine,

The Bitcoin halving event, a pivotal occurrence, is scheduled for April, 19 2024. This quadrennial event will reduce the block subsidy for Bitcoin miners from 6.25 BTC to 3.125 BTC, thereby halving the reward that miners receive for their efforts.

Such events have historically led to profound shifts in the mining landscape, potentially influencing various economic and operational facets of Bitcoin mining. (more…)

Via SchiffGold.com,

Since Nayib Bukele became president of El Salvador, El Salvador has been in American media and global political discussion more than ever. While much of the attention focuses on Bukele’s mass incarceration of gang members and a decline in homicide of over 70%, Bukele has also drawn attention to his favoritism towards Bitcoin and how he has pushed El Salvador to embrace (more…)

Authored by Mark Jeftovic via BombThrower.com,

The Honey Badger’s fourth halving is special for several reasons.

The Bitcoin blockchain is secured by “Proof-of-Work” (PoW) – which is known as “mining”. In simple terms, it uses specialized computers (ASICs) which are optimized to solve a cryptographic math problem – a big one.

The number of computations per second is measured in TerraHashes (TH/s). One TerraHash is a trillion computations. The current hashrate (more…)