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Bitcoin mining for dummies
This article is part of the “Finance of Bitcoins” series. Please also see the disclaimer. Here my attempt to explain the principle of bitcoin mining, without resorting to any things such as hashes, or...
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The Great Satoshi and his Beachcoin Mines
This article is part of the “Finance of Bitcoins” series. Please also see the disclaimer. Once upon a time, in a galaxy far far away, there was a planet in a state of permanent monetary confusion,...
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Do we really need to run a power station just for Bitcoin?
I am all for electronic currencies, but let’s face it: currency usage is monitored by the state, so why not go for a nice central-custodian system like that run by VISA, Mastercard, or your friendly...
View ArticleWhat does it take to attack bitcoin? A power station
Yesterday I published a post, claiming that the current power requirement is mining bitcoins is 3GW, or about one power station. This post was sourced against data from the Bitcoin community but I have...
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