Talk of bitcoin passwords being encoded and stored in synthetic DNA is not new, but in a recent development scientists have announced that DNA-encoded information can now be stored in everyday objects such as eye glasses or a shirt button, instead of a vial or test tube. From Test Tube to Silica Beads Bitcoin seed phrases and other private information can now be stored in the clothes you wear, or any number of other inconspicuous, everyday objects. While previous reports have detailed the process for encoding data via synthetic DNA, and storage in a test tube, a new study entitled “A
There are a few ways of looking at bitcoin mining. As an ostensibly selfish enterprise, wherein miners are seeking to extract precious coins for profit. And as a community of individuals who envisage a better way of generating, handling and using money, and are motivated to secure the Bitcoin network. The truth is probably somewhere in between. Whatever the case, greed was not the motive for the bitcoin miners who took it upon themselves to claim less than their allotted coinbase reward. Why would anyone do such a thing? The First Miner to ‘Pour One Out’ Paying homage to the legends who
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining. Moreover, a few days later at Bitmain’s annual customer appreciation meeting, the company’s CEO Jihan Wu explained the firm is offering three strategic mining offerings. Poolin’s Auto-Switch Feature Bitcoin mining is extremely competitive, and currently there’s a lot of processing power pointed
For those standing very close to the crypto charts, it might be easy to get discouraged by the gloomy nature of recent markets. However, new comparisons of the current halving cycle to those in the past have emerged and might put some wind back into the sails of traders, hodlers, and cryptocurrency enthusiasts in general. Miners Unfazed as Halving Approaches Though crypto prices took a big dip in November, with BTC falling 30% from a high of $9,486 to a bottom of around $6,575, hash rates on both the BTC and BCH chains have held relatively steady as the next block reward halving approaches.
Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh but older mining rigs currently struggle for profits. High-Powered Mining Rigs Are Still Profitable at Current Prices, Older Devices Not So Much Mining the SHA256 algorithm is still profitable, no matter which coin you mine, whether it be BTC or BCH. For instance, on Sunday it’s between 0.4-3% more
The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. The Bitcoin Fund IPO Crypto-focused Canadian investment fund manager 3IQ Corp. announced on Thursday that it has filed a preliminary prospectus for the IPO of The Bitcoin Fund. More importantly, the prospectus dated Nov. 27 has been receipted by the Ontario Securities Commission (OSC) after previously rejecting it. The IPO will
Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns, and systemic risks.” The authors state that silicon photonics could be used to shift mining costs away from energy-intensive to hardware-based costs, lowering the economic and environmental impact, adding greater security, and “democratizing” mining. Optical Proof of Work The system proposed by
Bitcoin Games is now offering players to win some extra crypto and an HTC Exodus 1 smartphone, just in time for Black Friday. You can participate in the promotion by playing the site’s exclusive Slots, Roulette and Keno games, or any of the recently released slots and you stand a chance to win these prizes. Your Chance to Win a New Phone on Black Friday Bitcoin.com’s very own gaming platform has increased the rewards for the ongoing Games Stars Leaderboard promotion to celebrate Black Friday. The prize pool for the top 10 places has now been doubled to $2,000 on each of the Bitcoin Games
ust before the internet became a massive display of human ingenuity and networking, a few individuals anticipated the emergence of tools that would help progress the end of politics and the nation states. 22 years ago, much like Nostradamus, Isaac Newton, Gerald Celente, and Carl Jung’s forecasts, a book called “The Sovereign Individual” predicted the growing autonomy of the individual but also noted the development of the world’s largest economy flourishing in cyberspace. Cryptologic Methods Will Fundamentally Alter the Nature of Interference in Economic Transactions Since the
If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might still be exploring the benefits of bitcoin as opposed to your credit card, online bank account or digital wallet you are used to. In an abstract sense, cryptocurrencies represent financial evolution which manifests itself in unique and tangible ways compared to fiat money. Fast and Easy Payments If there’s one thing cryptocurrency deserves credit for, besides that it makes you a true owner of your money, it’s the ease it brings to electronic payments and transfers.