Another major cryptocurrency company buys bitcoin for about $100 million

Hut 8, a well-known #bitcoin #mining company, has made a major investment by buying 990 bitcoins worth about $100 million
The purchase, with an average price per coin of 101,710, has significantly increased the company's bitcoin holding of over 10,000 BTC worth about $1 billion. With this strategic move, Hut 8 has become one of the top 10 largest bitcoin holdings of institutional investors.
the Miami-based company is not just utilizing its growing bitcoin holdings for storage, but also employing various financial strategies, including options and other derivatives, to generate profits. Asher Genuth, CEO of Hut 8, explained that large holdings will not only strengthen the company's financial position, but also lower its cost of capital. He hinted at future acquisitions if market conditions prove favorable for further acquisitions.
This move follows the launch of Hut 8's $500 million equity program to support bitcoin purchases and other strategic investments. The mining industry is following a similar strategy, with companies such as Riot Platforms and MARA Holdings adding bitcoin to their balance sheets.
Hut 8's approach reflects a growing trend in the mining sector. Bitcoin is no longer seen simply as a commodity to be mined, but as a versatile financial asset that can support a range of strategies to enhance returns Genoot believes that their bitcoin stocks offer not just potential price appreciation, but sustainable returns. They noted that they are part of a broader financial ecosystem designed to generate
SHARE: El Salvador recently added $1 million in bitcoins to its strategic bitcoin reserve, just one day after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF).
U. S.
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Get ready, Not Pixel miners! A special "Time-Limited Check" is dropping on December 16th, a quick and easy task designed to ensure a fair and authentic mining experience for all participants.
What's a "Time-Limited Check"?
It's a simple, no-stress task that will appear on December 16th.
This check serves as an extra filter to weed out any illegitimate activity, such as bots, and maintain a level playing field for all genuine miners.
The task itself is incredibly easy to complete. However, all participants must complete it on time. Don't miss out on this essential step in the Not Pixel mining journey!
Mining Ends on December 20th
Remember, the Not Pixel mining phase is coming to an end on December 20th. Make sure to maximize your mining efforts before the deadline.
Stay tuned for further updates and announcements regarding the Time-Limited Check and the upcoming Not Pixel developments.
What are your thoughts on the upcoming Time-Limited Check and the approaching mining deadline for Not Pixel? Share your strategies, tips, and any questions you have in the comments below! Let's discuss and support each other as we navigate this exciting phase.

Disclaimer: This information is for general knowledge and informational purposes only. It does not constitute financial, investment, or other professional advice.
#NotPixel #TimeLimitedCheck #Mining #Binance

Are you ready to dive into the exciting realm of Bitcoin mining? This comprehensive guide is designed to illuminate your path, offering expert insights and simplified steps to help you embark on your mining journey. Let’s explore how you can become a part of this revolutionary technology!
What is Bitcoin Mining?
Imagine being part of a global network that secures transactions and generates new bitcoins! That’s the essence of Bitcoin mining. Miners utilize powerful computers to solve intricate mathematical puzzles, validating transactions and adding them to the blockchain. In return, they earn freshly minted bitcoins and transaction fees—a win
▎Your Step-by-Step Mining Adventure
1. Grasp the Essentials
• Blockchain: Think of it as a digital ledger that records every Bitcoin transaction in an immutable way.
• Hashing: The magic of transforming data into a unique string—miners race to find valid hashes!
• Difficulty: This adjusts every two weeks, ensuring that blocks are mined at a steady rate.
2. Choose Your Mining Style
• Solo Mining: Go solo and keep all rewards, but brace for fierce competition!
• Pool Mining: Team up with others to combine resources and share rewards—great for steady income.
• Cloud Mining: Rent mining power from a provider; ideal if you want to skip the technical hassles.
3. Select Your Powerhouse Hardware
• ASIC Miners: These specialized machines are powerful and efficient (e.g., Antminer S19 Pro) but come with a price tag.
• GPU Miners: While not the best for Bitcoin, they offer versatility for other cryptocurrencies.
4. Set Up Your Mining Software
• Connect your hardware with user-friendly software:
• CGMiner: A robust, open-source option loved by many.
• BFGMiner: For those who crave advanced customization.
• EasyMiner: Perfect for beginners, featuring a straightforward interface.
5. Create Your Bitcoin Wallet
• You’ll need a secure wallet to receive your hard-earned rewards:
• Hardware Wallets: Keep your coins offline (e.g., Ledger) for maximum security.
• Software Wallets: Handy apps for your devices (e.g., Exodus).
• Web Wallets: Access your funds from anywhere (e.g., Coinbase).
6. Join a Mining Pool (Optional)
• Enhance your chances of earning with reputable pools:
• Slush Pool
• F2Pool
• Antpool
7. Configure Your Setup Like a Pro
• Fine-tune your software settings based on your chosen mining method and ensure everything is connected flawlessly.
8. Monitor Your Operation
• Keep an eye on key performance metrics like hash rate and temperature—optimization is key to success!
With this engaging guide in hand, you’re now equipped to step into the thrilling world of Bitcoin mining! Whether you’re seeking adventure or a new investment opportunity, the possibilities are endless. Happy mining, and may your blocks be plentiful! 🚀
#Bitcoin mining
#mining

Despite his misgivings, Nakamoto believed that bitcoin's efficiency would surpass traditional finance.

The email provided a broader vision of #bitcoin and suggested possible uses beyond money.
Nakamoto feared that presenting bitcoin as an investment would attract unwanted attention.
Recently published emails from the early days of bitcoin offer a glimpse into the mind of its enigmatic creator, Satoshi Nakamoto. Published by Martia Marmy, a key figure in the development of bitcoin, the emails reveal Nakamoto's foresight about the potential power the #cryptocurrency would require and his fear of legal scrutiny.
The letters, dating back to 2009, were made public as part of a lawsuit against Craig Wright, who claims to be Nakamoto. While the legality of the lawsuit is still being debated, the emails provide valuable insight into the early development and challenges bitcoin faced.
One key point is Nakamoto's perception of the power consumption inherent in Bitcoin's proof-of-work (PoW) consensus mechanism. PoW, necessary to protect the network and prevent double-spending, requires significant computing power, raising concerns about its environmental impact.
Recognizing these concerns, Nakamoto argued that bitcoin's power consumption is less than the inefficiencies of the traditional banking system. He envisioned bitcoin replacing "billions of dollars of bank fees" and resource-intensive infrastructure with a more efficient system.
Satoshi believed that bitcoin #mining would be less energy-intensive than the traditional banking system.
Interestingly, the letter also reveals that Nakamoto saw bitcoin not only as a financial instrument, but also from a broader perspective. He saw bitcoin as a "decentralized, secure time information provider" that could time-stamp any information with a few lines of code. This suggests that he envisioned potential uses for bitcoin beyond the monetary sphere.

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In a recent dialogue, Jack Dorsey and Luke Dashjr shared their perspectives on the development and future direction of Bitcoin. According to Dashjr, #Bitcoin has transformed from a simple project into a serious initiative. Dorsey supported this view, emphasizing Bitcoin's resilience and sophistication over time. Both appreciated the community's ability to identify and address new challenges.
Dorsey's Vision: Bitcoin as a Catalyst for Global Peace and Energy Abundance
Dorsey believes that Bitcoin has the potential to contribute to global peace and energy abundance. The conversation also focused on the current state of Bitcoin mining. Dashjr described the #mining situation as problematic, with a small number of entities controlling the blockchain. Dorsey noted that systemic incentives lead to centralization, complicating the decentralization of mining.
Addressing the Issue of Centralization in Bitcoin Mining
Ocean Mining: The Key to Decentralization of Mining
Dorsey stated that Ocean Mining represents a solution for the decentralization of mining. It aims to restore a decentralized mining process, enabling miners to create blocks independently of mining pools. Dashjr highlighted Ocean's methods for a more transparent and efficient mining process.
Bitcoin Mining in Africa and the Developing World
Dorsey also pointed out the possibilities of Bitcoin mining in Africa and developing countries. He introduced initiatives like Gridless, which utilize renewable energy sources for mining while also providing electricity to local communities.
Dispelling Myths about Bitcoin Mining
Dorsey focused on clarifying misconceptions about mining, emphasizing the importance and energy efficiency of the process. Dashjr emphasized the importance of running full nodes for network security. Dorsey concluded the discussion by highlighting the need for more use cases of Bitcoin, particularly in the areas of remittances and as a store of value.
$BTC
#blockchain #crypto

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Gold vs. bitcoin: which is better for storage?

Meanwhile, #bitcoin supply is dwindling and gold risks becoming oversupplied in the coming years; after the April 20 "halving" event, #BTC shortages will become even more pronounced in the coming years.
Since its launch, the bitcoin network has cut its daily #issuance to miners in half. In its fifth phase, the network issues 3.125 BTC to successful miners or #mining pools every 10 minutes. This figure is 50% lower than in the fourth period, when the reward was 6.25 BTC per block.
Gold and bitcoin are generally considered safe assets. However, over the last century, gold has become the preferred store of value for banks and countries due to its scarcity. Almost every central bank in the world keeps gold as a reserve.
However, Mr. Wu believes that gold holders will face a difficult situation in the coming years as new supplies flood the market due to technological advances that have increased the pace of production.
Mr. Wu is a supporter of bitcoin. Bitcoin is a digital asset that is considered digital gold due to its predetermined and transparent issuance schedule. According to Mr. Wu, traditional gold investors are unaware that the yellow metal is a "slow-moving carpet" that will rise over the next decade.
Is BTC ready for a sharp rise?
In another post on the site, X Wu argues that the bitcoin price ratio suggests that the coin is poised for a mega-reversal: despite bitcoin soaring to $73,800 in March 2024, the rally hasn't even started yet, the analyst continues.
The jump in the value of the coin beyond the previous all-time high of $70,000 was an aberration from past performance.
However, history shows that even if prices continue to rise further in the current period, new all-time highs will be reached according to Wu's predictions.

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