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Another solo Bitcoin miner struck digital gold, solving a block worth 6 BTC
Third time's the charm? For the third time since January, another solo Bitcoin miner struck digital gold, solving a block worth 6 BTC, or around $160,000.
The independent miner solved a block that generally would take several years to do using limited processing power. Identified by the tag 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD, the miner solved the 275th block of the Bitcoin blockchain on the Solo CKPool platform.
Ck Pool admin Con Kolivas pointed out that it would take 450 years on average for a miner of this size to solve a Bitcoin block, beating 1:5,500 odds to do so as quickly as the minder did.
According to Kolivas, the miner running a modest ~17 Terahashes per second (TH/s) is likely using a single S9 Bitmain Antminer unit. The S9 model Bitmain Antminer was released in 2017-the latest model, Antminer S19XP, in 2022.
A hallmark of proof-of-work consensus algorithms, mining is the process by which blocks of transactions are added to a public blockchain-like Bitcoin, Dogecoin, and Litecoin-and verified. It's also the process by which new coins are created.
Mining secures the blockchain's integrity and incentivizes network participation.
The more rigs a miner has means more chances at lucrative block rewards and transaction fees.
A "hash" can be thought of as a problem a computer, in this case, a miner needs to solve. A miner that can process a terahash can solve one trillion of these problems in a second.
The solo miners appear to all be using the Solo CK Pool mining service.
In March, another solo miner used the service to solve Bitcoin block 780,112 for a 6.25 BTC, around $148,000, at the time, reward.
The Solo CK Pool service touts itself as suitable for large mining farms, "regular miners," and miners with "old/inefficient miners that will never earn any rewards through regular mining that wish to leave it mining as a lottery."
#bitcoin #bitcoinbutton
The independent miner solved a block that generally would take several years to do using limited processing power. Identified by the tag 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD, the miner solved the 275th block of the Bitcoin blockchain on the Solo CKPool platform.
Ck Pool admin Con Kolivas pointed out that it would take 450 years on average for a miner of this size to solve a Bitcoin block, beating 1:5,500 odds to do so as quickly as the minder did.
According to Kolivas, the miner running a modest ~17 Terahashes per second (TH/s) is likely using a single S9 Bitmain Antminer unit. The S9 model Bitmain Antminer was released in 2017-the latest model, Antminer S19XP, in 2022.
A hallmark of proof-of-work consensus algorithms, mining is the process by which blocks of transactions are added to a public blockchain-like Bitcoin, Dogecoin, and Litecoin-and verified. It's also the process by which new coins are created.
Mining secures the blockchain's integrity and incentivizes network participation.
The more rigs a miner has means more chances at lucrative block rewards and transaction fees.
A "hash" can be thought of as a problem a computer, in this case, a miner needs to solve. A miner that can process a terahash can solve one trillion of these problems in a second.
The solo miners appear to all be using the Solo CK Pool mining service.
In March, another solo miner used the service to solve Bitcoin block 780,112 for a 6.25 BTC, around $148,000, at the time, reward.
The Solo CK Pool service touts itself as suitable for large mining farms, "regular miners," and miners with "old/inefficient miners that will never earn any rewards through regular mining that wish to leave it mining as a lottery."
#bitcoin #bitcoinbutton
Overall, 17% of U.S. adults say they have ever invested in, traded or used a cryptocurrency . This share is mostly unchanged from previous Center surveys conducted in 2021 and 2022. As was true in past surveys, younger men are more likely to use #cryptocurrency compared with men 50 and older and women of any age
#crypto2023 #bitcoinbutton
#crypto2023 #bitcoinbutton
Symbol of a new digital age, glowing ever ₿righter.
#bitcoin #crypto #crypto2023 #bitcoinbutton #BinanceTournament
#bitcoin #crypto #crypto2023 #bitcoinbutton #BinanceTournament
3 things You Should Know About Bitcoin Button Game
The Bitcoin button game on Binance is an exciting and interactive feature that adds an element of fun to the cryptocurrency trading experience. Designed to engage users and provide them with a chance to win Bitcoin rewards, this game has gained popularity among Binance's community.
The concept is simple: participants are presented with a virtual button on the Binance platform, and their task is to click on it. With each click, users have the opportunity to receive a small amount of Bitcoin directly credited to their Binance account. The rewards may vary in value, but the thrill of potentially earning Bitcoin adds an extra layer of excitement to the game.
By incorporating this game into its platform, Binance aims to encourage user engagement and provide an enjoyable experience for its community. It allows both new and experienced users to participate, regardless of their trading expertise. The simplicity of the game ensures that anyone can participate and potentially win Bitcoin rewards.
Beyond the entertainment aspect, the Bitcoin button game also serves as a way to introduce more users to the world of cryptocurrencies. It offers an accessible entry point for individuals who may be curious about Bitcoin but haven't had the opportunity to explore it further. By providing a taste of Bitcoin through the game, Binance hopes to foster greater interest and understanding in the broader cryptocurrency ecosystem.
It's important to note that the Bitcoin button game should be seen as a fun feature rather than a primary investment strategy. While participants have the chance to win Bitcoin rewards, it is essential to approach it with a balanced perspective and maintain a prudent approach to financial decisions.
Generally, the Bitcoin button game on Binance adds an element of entertainment and excitement to the cryptocurrency trading experience. It showcases the platform's commitment to user engagement and education, allowing participants to interact with cryptocurrencies in a playful and potentially rewarding manner.
To try the Bitcoin button game and explore more features on Binance, visit their official website: Binance.com.
#bitcoinbutton #bitcoin
The concept is simple: participants are presented with a virtual button on the Binance platform, and their task is to click on it. With each click, users have the opportunity to receive a small amount of Bitcoin directly credited to their Binance account. The rewards may vary in value, but the thrill of potentially earning Bitcoin adds an extra layer of excitement to the game.
By incorporating this game into its platform, Binance aims to encourage user engagement and provide an enjoyable experience for its community. It allows both new and experienced users to participate, regardless of their trading expertise. The simplicity of the game ensures that anyone can participate and potentially win Bitcoin rewards.
Beyond the entertainment aspect, the Bitcoin button game also serves as a way to introduce more users to the world of cryptocurrencies. It offers an accessible entry point for individuals who may be curious about Bitcoin but haven't had the opportunity to explore it further. By providing a taste of Bitcoin through the game, Binance hopes to foster greater interest and understanding in the broader cryptocurrency ecosystem.
It's important to note that the Bitcoin button game should be seen as a fun feature rather than a primary investment strategy. While participants have the chance to win Bitcoin rewards, it is essential to approach it with a balanced perspective and maintain a prudent approach to financial decisions.
Generally, the Bitcoin button game on Binance adds an element of entertainment and excitement to the cryptocurrency trading experience. It showcases the platform's commitment to user engagement and education, allowing participants to interact with cryptocurrencies in a playful and potentially rewarding manner.
To try the Bitcoin button game and explore more features on Binance, visit their official website: Binance.com.
#bitcoinbutton #bitcoin
BTC Forming Head And Shoulder Pattern Which Is A Bearish Pattern.
We May See Dump In The Market So Use Stop Loss On Your Longs.
#bitcoin #BTC #crypto2023 #bitcoinbutton #dump $BTC
We May See Dump In The Market So Use Stop Loss On Your Longs.
#bitcoin #BTC #crypto2023 #bitcoinbutton #dump $BTC
The Bitcoin Button is Trending in both the Binance Feed and the CryptoTwitter obviously this game was successful in the past and in this 2023 it is successful again.🚀🥳
Binance should take it into account from time to time since it is widely used by the community.🎉🚀
What do you think?
#bitcoinbutton
Binance should take it into account from time to time since it is widely used by the community.🎉🚀
What do you think?
#bitcoinbutton
LIVE
Crypto Hustle
--
BTC Next Expected Move!!
#BTC #btcupdate #bitcoin #newupdate #crypto2023
#BTC #btcupdate #bitcoin #newupdate #crypto2023
Bitcoin predictions are subject to numerous factors and are inherently uncertain. However, many experts and analysts anticipate continued growth and adoption for the cryptocurrency. Some predict that Bitcoin's price could reach new all-time highs in the coming years, driven by increased institutional adoption, mainstream acceptance, and limited supply. The potential for decentralized finance (DeFi) applications and the integration of blockchain technology into various industries further fuel positive forecasts. Nevertheless, it is important to remember that the cryptocurrency market is highly volatile, and unexpected events or regulatory changes can impact Bitcoin's trajectory. Investors should exercise caution and conduct thorough research before making any decisions.
#crypto2023 #Binance #bitcoinbutton
#crypto2023 #Binance #bitcoinbutton
Binance has brought back the game, and users can participate in the game starting June 12. The rules of the game are simple. You should be the last person to click the Bitcoin button, and that’s it. What’s more? You only have one chance to click.
How to play the Game:
Visit the Bitcoin Button game page.
Sign in using your Binance account.
Familiarize yourself with the rules of the game and proceed.
Click the Bitcoin Button when you deem it appropriate.
Keep in mind that in order to win a token voucher for one bitcoin, you must be the final participant to click the button.
That’s basically it. If you are the last person to click on the button, you will earn yourself a free Bitcoin.
#bitcoin #bitcoinbutton
How to play the Game:
Visit the Bitcoin Button game page.
Sign in using your Binance account.
Familiarize yourself with the rules of the game and proceed.
Click the Bitcoin Button when you deem it appropriate.
Keep in mind that in order to win a token voucher for one bitcoin, you must be the final participant to click the button.
That’s basically it. If you are the last person to click on the button, you will earn yourself a free Bitcoin.
#bitcoin #bitcoinbutton
Total GDP growth between 2000 and 2020:
🇨🇳 China: 1266%
🇷🇺 Russia: 466%
🇮🇳 India: 440%
🇧🇷 Brazil: 316%
🇸🇦 Saudi: 300%
🇦🇺 Australia: 250%
🇹🇷 Turkey: 250%
🇰🇷 South Korea: 220%
🇿🇦 South Africa: 200%
🇮🇩 Indonesia: 175%
🇨🇦 Canada: 166%
🇺🇸 USA: 108.7%
🇬🇧 UK: 85.7%
🇩🇪 Germany: 77%
🇫🇷 France: 68%
🇮🇹 Italy: 63%
🇦🇷 Argentina: 33%
🇯🇵 Japan: 6%
#crypto2023 #googleai #bitcoinbutton
🇨🇳 China: 1266%
🇷🇺 Russia: 466%
🇮🇳 India: 440%
🇧🇷 Brazil: 316%
🇸🇦 Saudi: 300%
🇦🇺 Australia: 250%
🇹🇷 Turkey: 250%
🇰🇷 South Korea: 220%
🇿🇦 South Africa: 200%
🇮🇩 Indonesia: 175%
🇨🇦 Canada: 166%
🇺🇸 USA: 108.7%
🇬🇧 UK: 85.7%
🇩🇪 Germany: 77%
🇫🇷 France: 68%
🇮🇹 Italy: 63%
🇦🇷 Argentina: 33%
🇯🇵 Japan: 6%
#crypto2023 #googleai #bitcoinbutton
LIVECrypto Hustle
--
CRYPTO BASICs?
Certainly! Here are some key points to help you understand the basics of cryptocurrencies:
What is cryptocurrency?
Cryptocurrency is a digital or virtual form of currency that uses cryptography for secure financial transactions, control the creation of new units, and verify the transfer of assets. It operates independently of any central bank and is typically decentralized.
Blockchain technology:
Cryptocurrencies are built on blockchain technology, which is a distributed ledger that records and verifies transactions across multiple computers or nodes. The blockchain ensures transparency, security, and immutability of the transaction history.
Bitcoin:
Bitcoin (BTC) is the first and most well-known cryptocurrency, created by an anonymous person or group known as Satoshi Nakamoto in 2009. Bitcoin introduced the concept of decentralized digital currency and remains the largest cryptocurrency by market capitalization.
Altcoins:
Altcoins are alternative cryptocurrencies other than Bitcoin. Examples include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Each altcoin typically has its own unique features and use cases.
Wallets:
Cryptocurrency wallets are digital tools used to store, send, and receive cryptocurrencies securely. Wallets can be software-based (e.g., desktop or mobile apps) or hardware devices specifically designed for crypto storage.
Exchanges:
Cryptocurrency exchanges are platforms where you can buy, sell, and trade cryptocurrencies using fiat currencies (such as USD or EUR) or other cryptocurrencies. Exchanges act as intermediaries, matching buyers and sellers and facilitating transactions.
Mining:
Mining is the process of validating and adding new transactions to the blockchain. Miners use powerful computers to solve complex mathematical problems, and in return, they receive rewards in the form of newly minted cryptocurrency.
Decentralization:
One of the fundamental principles of cryptocurrencies is decentralization. Unlike traditional centralized systems, cryptocurrencies are typically operated by a network of participants, eliminating the need for intermediaries and enabling peer-to-peer transactions.
Security:
Cryptocurrencies provide a level of security through cryptography. Transactions are secured through cryptographic techniques, and users have control over their private keys, which are needed to access and transfer their funds.
Volatility:
Cryptocurrencies are known for their price volatility. The value of cryptocurrencies can fluctuate dramatically within short periods due to various factors, including market demand, regulatory developments, and investor sentiment.
It's important to note that this is just a high-level overview, and the world of cryptocurrencies is vast and constantly evolving. If you're interested in investing or participating in the cryptocurrency market, it's advisable to conduct further research, stay informed about current trends, and consider the potential risks involved.
#orignalcontent #Binance #crypto #cryptocurrency #cryptobasic
What is cryptocurrency?
Cryptocurrency is a digital or virtual form of currency that uses cryptography for secure financial transactions, control the creation of new units, and verify the transfer of assets. It operates independently of any central bank and is typically decentralized.
Blockchain technology:
Cryptocurrencies are built on blockchain technology, which is a distributed ledger that records and verifies transactions across multiple computers or nodes. The blockchain ensures transparency, security, and immutability of the transaction history.
Bitcoin:
Bitcoin (BTC) is the first and most well-known cryptocurrency, created by an anonymous person or group known as Satoshi Nakamoto in 2009. Bitcoin introduced the concept of decentralized digital currency and remains the largest cryptocurrency by market capitalization.
Altcoins:
Altcoins are alternative cryptocurrencies other than Bitcoin. Examples include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Each altcoin typically has its own unique features and use cases.
Wallets:
Cryptocurrency wallets are digital tools used to store, send, and receive cryptocurrencies securely. Wallets can be software-based (e.g., desktop or mobile apps) or hardware devices specifically designed for crypto storage.
Exchanges:
Cryptocurrency exchanges are platforms where you can buy, sell, and trade cryptocurrencies using fiat currencies (such as USD or EUR) or other cryptocurrencies. Exchanges act as intermediaries, matching buyers and sellers and facilitating transactions.
Mining:
Mining is the process of validating and adding new transactions to the blockchain. Miners use powerful computers to solve complex mathematical problems, and in return, they receive rewards in the form of newly minted cryptocurrency.
Decentralization:
One of the fundamental principles of cryptocurrencies is decentralization. Unlike traditional centralized systems, cryptocurrencies are typically operated by a network of participants, eliminating the need for intermediaries and enabling peer-to-peer transactions.
Security:
Cryptocurrencies provide a level of security through cryptography. Transactions are secured through cryptographic techniques, and users have control over their private keys, which are needed to access and transfer their funds.
Volatility:
Cryptocurrencies are known for their price volatility. The value of cryptocurrencies can fluctuate dramatically within short periods due to various factors, including market demand, regulatory developments, and investor sentiment.
It's important to note that this is just a high-level overview, and the world of cryptocurrencies is vast and constantly evolving. If you're interested in investing or participating in the cryptocurrency market, it's advisable to conduct further research, stay informed about current trends, and consider the potential risks involved.
#orignalcontent #Binance #crypto #cryptocurrency #cryptobasic
✅Thats how BTC looks like on STF.
✅Not getting a Breakout yet but I am bullish because of strong fundamentals.
✅Not much bullish on ALTS as BTC.D continues to make new local highs.
#bitcoin #bitcoinbutton #BRC20 #BNB #crypto2023
✅Not getting a Breakout yet but I am bullish because of strong fundamentals.
✅Not much bullish on ALTS as BTC.D continues to make new local highs.
#bitcoin #bitcoinbutton #BRC20 #BNB #crypto2023
#nftmarket
binance NFT market is excited to announce that the Bitcoin network has been added to its list of supported chains, further expanding the NFT ecosystem for its community.
The integration of Bitcoin network further elevates Binance NFT to a multi-chain, open marketplace ecosystem, where users can now explore and trade a wider variety of NFTs across multiple blockchains, including BNB Smart Chain (BSC), Bitcoin (BTC) network, Ethereum (ETH) network, and Polygon (MATIC) network, from their Binance accounts.
#bitcoinbutton
binance NFT market is excited to announce that the Bitcoin network has been added to its list of supported chains, further expanding the NFT ecosystem for its community.
The integration of Bitcoin network further elevates Binance NFT to a multi-chain, open marketplace ecosystem, where users can now explore and trade a wider variety of NFTs across multiple blockchains, including BNB Smart Chain (BSC), Bitcoin (BTC) network, Ethereum (ETH) network, and Polygon (MATIC) network, from their Binance accounts.
#bitcoinbutton
It’s clear that Bitcoin is fueling up for one of the most phenomenal runs in history:
• Halving in less than 1 year
• Mass exodus from ‘crypto’
• Major players submitting ETFs
• Exchange balance decreasing
• Hodl rate at an all time high
#bitcoinbutton #bitcoin #BTC #crypto2023 #cryptocurrency
• Halving in less than 1 year
• Mass exodus from ‘crypto’
• Major players submitting ETFs
• Exchange balance decreasing
• Hodl rate at an all time high
#bitcoinbutton #bitcoin #BTC #crypto2023 #cryptocurrency
What is ORC-20 And How Is ORC-20 Better Than BRC-20?
The world is evolving and so are the token standards. ORC-20, the new buzz developed to cope with the limitations of the BRC-20.
The blockchain market is getting crowded each day with new technology and the latest token standards have popped out to be one of the premium innovations of this world. While token standards like BRC-20 and DRC-20 have turned out to be the talk of the town, with their bucket full of benefits, as they are getting older in the market, the developers are pin-pointing their negatives.
So, to cope with the flaws of BRC-20, the blockchain world has come up with one more innovation, the ORC-20 tokens. But what are these ORC-20 tokens? Let us find out.
What Is ORC-20?
These are a new sort of digital token created as an open standard for the Bitcoin network. They are an improved version of the BRC-20 token standard, tailored with the goal of overcoming constraints and introducing additional functionality for tokenization on the Bitcoin network.
ORC-20 tokens are introduced with the aim to erase the flaws of BRC-20 by increasing flexibility, scalability, and security, and to prevent the risk of double spending. However, there is a catch, unlike BRC-20 which has turned out to be a developers’ favourite, ORC-20 is just at its experimental stage. Therefore, though the tokens created with ORC-20 hold immense promise, their values and utility are still under question.
#bitcoinbutton #orc20 #cryptocurrency #BTC
The blockchain market is getting crowded each day with new technology and the latest token standards have popped out to be one of the premium innovations of this world. While token standards like BRC-20 and DRC-20 have turned out to be the talk of the town, with their bucket full of benefits, as they are getting older in the market, the developers are pin-pointing their negatives.
So, to cope with the flaws of BRC-20, the blockchain world has come up with one more innovation, the ORC-20 tokens. But what are these ORC-20 tokens? Let us find out.
What Is ORC-20?
These are a new sort of digital token created as an open standard for the Bitcoin network. They are an improved version of the BRC-20 token standard, tailored with the goal of overcoming constraints and introducing additional functionality for tokenization on the Bitcoin network.
ORC-20 tokens are introduced with the aim to erase the flaws of BRC-20 by increasing flexibility, scalability, and security, and to prevent the risk of double spending. However, there is a catch, unlike BRC-20 which has turned out to be a developers’ favourite, ORC-20 is just at its experimental stage. Therefore, though the tokens created with ORC-20 hold immense promise, their values and utility are still under question.
#bitcoinbutton #orc20 #cryptocurrency #BTC
Head to the Bitcoin Button game page. Sign in with your Binance or Twitter account*. Click the Bitcoin Button whenever you think is best. The rules of the game are really simple — be the last to click the button to win one Bitcoin in token voucher.#bitcoinbutton #bitcoin $BTC
Make sure you don't get caught up in short squeezes. always analyze the trend we are in, Bitcoin over alts, therefore alts will bleed overtime, we are seeing some alt small pumps, they were down a lot in the past weeks and it's normal, if you want to short them I would wait more until they are in a higher spot to smack back down.
#crypto2023 #bitcoinbutton #SEC #binanceus #BTC
#crypto2023 #bitcoinbutton #SEC #binanceus #BTC
