Bitcoin Mining: A Closer Look Under the Hood
Bitcoin mining is an integral part of the cryptocurrency’s infrastructure. The operation helps process transactions, creates new bitcoins and submits the validated transactions to the publicized and immutable distributed ledger. Currently, the network’s hashrate is running at a phenomenal 3,418,031,852 GH/s, strengthening the bitcoin architecture more so....
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It looks like crypto has a Robin Hood. About a week ago, someone named Hood started the Twitter handle @savethemhood. They promptly sent out these three tweets: I am here for the greedy. Taking the crumbs and spreading them to those in need. - Hood (@savethemhood) March 14, 2014The top wealthiest 1% possess 40% of the United States wealth. - Hood (@savethemhood) March 15, 2014I've been watching the dogecoin community. They have pure intentions. I will extend a hand out to help. - Hood (@savethemhood) March 15, 2014What happened next was amazing, even by the highly charitable standards of....
The digital currency dogecoin has become popular for its use in tipping on reddit and its community's willingness to contribute to worthy causes. Now, however, an anonymous character known only as 'Hood' is highlighting the altruistic side of the dogecoin community even further by giving away thousands of dollars-worth of the altcoin to address social injustice. In one tweet, he (if indeed Hood is a he) said: An upcoming project to help those that can no longer afford rent in a city they call home. http://t.co/xTlPFc0hVv. - Hood (@savethemhood) March 25, 2014. Hood, whose Twitter slogan is....
Hello friends, Check out this video that explains how Bitcoin works under the hood in a very easy to understand way. This video comes from Youtube user CuriousInventor, whom has a lot of other useful videos as well. I would suggest sending this Youtube video to people that ask you about Bitcoin and other altcoins because it is much better than the weusecoin's video that still emphasizes mining. Remember that a base understanding of Bitcoin is necessary before a person can realize the potential that some of the other altcoins have.
Recent announcements and actions by Elon Musk surrounding bitcoin mining sustainability raise questions about the reasoning and motivations of Tesla’s Technoking. Is it possible that Musk is playing a calculated marketing game to introduce a Tesla mining solution? The World of Bitcoin Mining According to Musk Once upon a time, for 49 days, the world was able to purchase Teslas with bitcoin. Then, on May 12, Elon Musk posted the now-infamous tweet saying that Tesla “suspends” vehicle purchasing using bitcoin due to the increasing use of fossil fuels for bitcoin mining and....
The collection of white hat hackers, calling themselves the Robin Hood Group, apparently attempted to dump DAO funds they held in ETC in an attempt to undermine the cryptocurrency by crashing its price. ETC Dumped By Group Potentially Tied to Ethereum Foundation. The Robin Hood Group (RHG) was originally formed to benevolently hack the DAO to secure the remaining ether inside of it. The collection of hackers stole the funds with the stated purpose of keeping the ether safe until after the hard-fork, which was implemented to both reverse the hack and fix the loophole that allowed the hack....