The Blockchain Debate Is Heating Up
An interesting discussion is taking place on Reddit right now, debating whether Bitcoin or the blockchain is the real innovation in the financial sector. Even though there are various blockchain projects in existence, the Bitcoin blockchain appears to be the only viable option due to its network strength. Is there a future for all of these financial players without relying on the Bitcoin blockchain? Only time will tell. Various companies and institutions all over the world are looking into blockchain technology to revamp the financial ecosystem as we know it. The introduction of....
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A harsh winter looms ahead, and a creative New Yorker has found a brilliant solution to mounting heating costs: fill your place with ASICs and start mining Bitcoin. Perhaps you won't become the next Bitcoin millionaire, but you will certainly save a lot of money on heating. The blogger analyzes the cost of all options for heating - natural gas, oil and electricity - and concludes that electricity is the worst of the three options. But sometimes electricity is the only heating source available, because some apartments are only equipped for electricity. Therefore, it's important to find ways....
A home bitcoin miner shares details on how he earns bitcoin while heating his home with a DIY ASIC setup.
Call it bitcoin's broken record. First heating up in 2015, a debate about how best to scale the digital currency's underlying blockchain remains the dominating disagreement. Despite the best efforts of developers to bring what they say is more nuance to the discussion, a single metric remains the biggest sticking point. One year later, some miners are again calling for measures that would raise the bitcoin block size in an effort to support more transactions and (they say) grow its user base. Likewise, the developers behind Bitcoin Core (its primary software) remain focused on increasing....
Apparently, the competition in the Blockchain business industry is heating up. Goldman Sachs, one of the original members of R3 Consortium, and Banco Santander announced that they will no longer continue exploring the potential of Blockchain technology as members of the consortium. Reasons for the firm’s decision to discontinue their connections with R3 Consortium remain unclear, as well as whether these decisions are somehow connected. Kristian Gårder, a representative from Nordic R3 member SEB, says: “Members will obviously worry if some R3 members seek patents that we have discussed....
The Bitcoin block size debate is still in effect as we speak, and things are heating up once again between Bitcoin Core and Bitcoin Classic supporters. Now that a working client for Bitcoin Classic users has been released, various Bitcoin nodes seem to be favoring this solution over Bitcoin Core. However, the battle is far from over, as not everyone is....