Bitcoin Miners Uk

The #myth that #Bitcoin is bad for the #environment?
When Bitcoin started being mined by #Satoshi #Nakamoto back in2009, mining it could be done on a simple laptop and took on average 10 minutes to mine a block just like it does today.
The Bitcoin #algorithm is such that it automatically adjusts the #difficulty of the #cryptographic puzzle that miners have to solve to validate a block and receive such that it always takes 10 minutes to mine ablock on average....
The reason #bitcoinminers have invested billions of US dollars in specialized mining equipment is because #Bitcoins so valuable - it is not as a result of an increase in number of users nor the number of transactions.
As long as Bitcoin is valuable, companies will buy mining equipment to get the reward that comes with successfully mining a block.
Since the cost of electricity is the main operating cost for miners, they are always looking for cheap electricity around the world.
At $7,000 per #btc, the current annual cost of the Bitcoin network is $4.6 bln, and a sizable portion of itspent on electricity bills.
What is not admitted by the #banks is lot of resources are also dedicated to running datacenters, building and powering bank branches and printing banknotes, to name a few. The Federal Reserve alone spends $700 million per year just to print #dollar bills!
What makes Bitcoin an easy target is simply that it is relatively easy to figure out how much electricity it consumes.
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#cryptocurrency #banned in #india however this has left #Bitcoin, #ethereum, but and #stellarcoin unaffected.
There is an opinion that the #centralbankofindia decision to ban #crypto is stupid and will leave many #businesses wanting to move to more open countries. The #decentralized nature of #blockchain #technology will make it easy for people to use unaffected on the #blackmarket anyway.
@bitcoinminersuk

A great #infographic on #stellarcoin and #stellarlumens. This in our opinion that #stellar is the best #cryptocurrency and #blockchain #technology since #bitcoin.
I would say it's also a Fantastic #investment opportunity!

For people #investing in #cryptocurrency who feel they missed out on #bitcoin I highly recommend they check out #stellarlumens otherwise called #stellarcoin or #xlm.
#stripepayments and #IBM will be using this #amazing #blockchain #technology!
It is #fast, #opensource, #openplatform and is benefitting from massive #growth and adoption!

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