Bitcoin Mining Could Be The Answer To Nigeria’s Inflationary Crisis
Renewable energy potential, wide adoption and deflationary fiat make Nigeria the perfect home for extensive bitcoin mining operations.This is an opinion editorial by Heritage Falodun, a software engineer and co-host of the “Bitcoin In Nigeria” podcast.The aim of this work is to give a brief, concise but insightful elucidation around the economic meltdown and environmental degradation in Nigeria, while also proposing Bitcoin mining through renewable energy sources as a solution to those problems.This document analyzes and showcases the complexity around electrical energy sources that have....
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Correction: The article previously stated the paper was authored by Pope Francis. That is incorrect and we do apologize for the unfortunate mistake to our readers and to the Pope. The paper was published in 2011, before Pope Francis took his position. In a paper released in 2011, Vatican’s Pontifical Council for Justice and Peace has called for the reformation of the “international financial and monetary system,” squarely placing the blame for 2008’s financial crisis on an “an inflationary spiral” caused by “further expansion of credit” which could not be sustained: “In recent decades, it....
Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off. MinerGate, one of the oldest multi-currency mining pools, enters into a partnership with a BitFury associate Hashing24 to provide its clients true cloud mining experience. Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off. Cloud mining on the other hand lets one earn their first Bitcoins within a matter of days without....
Crypto mining surfs a hefty amount of electricity and has become a major cause of the electricity crisis in some regions like Iran, Kosovo, etc. Similarly, after the Iranian government saw power blackouts last summer, it put the state’s police on their toes, which detected and ceased 9,404 mining farms in the previous five months. […]