/bitcoin is amazing and we love it but sometimes it's nice to have an area dedicated to the technical details and interesting projects of bitcoin so this exists to complement /bitcoin, Feel free to X-Post if you think your article is relevant to both /bitcoin and /bitcointechnology This subreddit is for all proposals, articles, questions and answers on bitcoin related technology DO NOT POST icos, pricing, memes, scams, etc here as they will be removed.
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Does monero have any strict disadvantages versus bitcoin like transaction speeds/fees, mining centralization etc that are inherent to the technology?
Obviously it currently has higher transaction speeds due to a lower number of users, but as I understand it monero is bitcoin + a few anonimity modifications to the protocol. Do these modifications increase the computational power required for mining given the same transaction volume compared to bitcoin? In other words, how much are you paying for anonymity?
A staggering 74% of bitcoin mining depends on renewable energy. The main source of energy fueling this mining is hydroelectric power, but wind technology also plays a vital role.
What if Bitcoin never goes up in price again, because the cost to mine it always out paces its value... would people still care about the technology without them sweet gains?
Is it possible that the price of Bitcoin never goes up again? Every time it halves, the cost to get it goes up dramatically, and sadly the price of it doesn't supersede the cost to mine it. Plus, since no more is ever made after 21 million, eventually 99% of them will be lost forever with people dying, scams, and mistakes like throwing your hard drive out are all on the table. To me, it just seems silly at this point, and I'm having a really hard time justifying its value... along with 99% of all the other cryptocurrencies out there... your thoughts?
A staggering 74% of bitcoin mining depends on renewable energy. The main source of energy fueling this mining is hydroelectric power, but wind technology also plays a vital role.
The cutting edge? We can't go back in time to start mining Bitcoin in 2010 so where do we find out about the next big thing? Not necessarily technology related, but what online resources/sites are out there to learn about the cutting edge?
The cutting edge? We can't go back in time to start mining Bitcoin in 2010 so where do we find out about the next big thing? Not necessarily technology related, but what online resources/sites are out there to learn about the cutting edge?
The cutting edge? We can't go back in time to start mining Bitcoin in 2010 so where do we find out about the next big thing? Not necessarily technology related, but what online resources/sites are out there to learn about the cutting edge?
A staggering 74% of bitcoin mining depends on renewable energy. The main source of energy fueling this mining is hydroelectric power, but wind technology also plays a vital role.
Bitcoin network functions on cryptographic technology and thrives on mining, an incentivized technique to generate new bitcoins. In this chapter, we describe the fundamentals of Bitcoin system, underlying technical aspects of the network and mining process. Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”).. For this service, miners are rewarded with newly-created Bitcoins and transaction fees. Mining City is an initiative that brings together people who want to unite their strength and increase their chance to mine Bitcoin. Bitcoin is the digital currency that is the driving force behind dynamic development of blockchain technology and many believe it to be the future of global finances. The bitcoin reward that miners receive is an incentive which motivates people to assist in the primary purpose of mining: to support, legitimize and monitor the Bitcoin network and its blockchain. While cryptocurrency mining is automated, it's also a major energy hog. Research in the journal Joule estimates that Bitcoin mining generates 22.9 metric tons of carbon emissions a year, which is ...
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