Bitcoin Mining
@BTCMiningInfo
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Sharing insights about bitcoin mining | @BraiinsMining
Joined May 2018
It costs $37,000 to buy 1 BTC. But how much does it cost to mine? . With an S19 Pro, you can mine 1 BTC for $13,000. That's a $24,000 difference.
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Men used to go to war, now they just dehydrate beef with bitcoin mining heat exhaust.
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9.1% of Bitcoin's supply left to mine. 9.1% US inflation rate. Simulation confirmed. ✅.
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110TH is:. - the hashrate of one Antminer S19 Pro. - the hashrate of the entire #Bitcoin network in mid-2013. 🤯.
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The 19 millionth bitcoin will be mined in the next 24 hours.
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Bitcoin's hashrate is at all time highs of 218 EH. That's 30% more hashrate than at its peak in 2021 before China's mining ban.
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@Bitboy_Crypto Bitcoin Mining is NOT solving complex math problems. If anyone wants to improve their understanding of how it works, here's a much better analogy:.
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Bitcoin’s hashrate is at an all-time high of 230 EH.
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This is one hashing chip from a 56 TH/s Antminer S17. There are 144 chips per rig, so a single chip should hash at ~0.388 TH/s. Fun fact: The SHA2-256 hashrate of a top line GPU like the Nvidia RTX 3090 is ~9.7 GH/s. You would need 40 of them to equal a single S17 chip.
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Bitcoin mining difficulty just increased by 4.89% setting a new record high of 31.25 trillion.
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Hashrate for Ukraine. Join us!. Starting with a 10 BTC donation and 2.5 PH of our own hashrate we’re launching a hashrate donation account on @slush_pool to support the people of Ukraine. Miners anywhere in the world can add their hashrate to the account. Here's why (1/3) 👇
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Can someone check if this happened?.
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You cannot stop Proof of Work mining. Your best chance was in 2008, and now it's too late.
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Bitcoin Conference 2022 Ticket Giveaway!. We have TWO general passes to give away. The name of the game is simple. Like and retweet this tweet (and make sure you're following us too). We'll pick two random winners this time tomorrow. Good luck!
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Less than 120,000 blocks left to mine before the next Bitcoin halving.
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IT'S HERE. the handbook with everything you and your friends need to know about the basics of bitcoin mining. We have 400 free copies to share this week at @MiningDisrupt in Miami, and it'll soon be available on Amazon (hardcopy) and on the Braiins website (free e-book).
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The cryptocurrency market is chaotic right now. The only guarantee is a new bitcoin block in 10 minutes with a minimum reward of 6.25 BTC.
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We are proud to announce the very first #opensource OS for miners ⛏️ which was finally finished during #bh2018! . And what's in your #miner?
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You run a few S9s in your garage. You're obviously running Braiins OS+. Pool payouts transfer to your mobile wallet. You spend some of those sats on dinner. This is the bitcoin economy, and it's happening now.
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The total cost of bitcoin production depends on many variables. See the data on mining costs: .
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INTRODUCING: The Bitcoin Mining Conference 2022. No sales & marketing noise. Just pure #bitcoin mining signal.
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Are you mining Bitcoin at home? . Do you want a Braiins beanie? . We're giving away 10 of these to home miners who respond to this tweet with a video or a few photos of their creative setups! 📸. Winners randomly chosen and announced Saturday!
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Bitcoin hashrate on Jan 26, 2010: 0.00000000000769 EH. Bitcoin hashrate today: 187 EH. That's a compounded annual growth rate of 1205%.
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1/ Congratulations to @LeahWald & our friends @valkyriefunds for their bitcoin futures ETF approval. In recognition of this milestone, we helped Valkyrie mine a very unique transaction into Block #706,966. A quick 🧵 on putting ASCII pictures into the blockchain👇
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Bitcoin without Proof of Work is not Bitcoin.
A change in the way bitcoin is coded could almost eliminate its environmental impact. Learn more:
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Bitcoin's mining difficulty just increased, reaching a new all-time high above 26.6 trillion.
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1/ The cypherpunk ethos runs deep among many #bitcoin miners. As mining gets more public attention, some from misinformed politicians, we want to share info on how miners can better protect their hash & privacy. TLDR: not that simple to get #secretsats but doable. Thread 👇
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Roses are red. Violets are blue. Mining revolutionizes energy markets. And saves the environment too.
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Exxon made headlines yesterday with its program that sells flare gas to bitcoin miners. But miners across the US have converted flare gas into SHA-256 hashes for years, many of them running Braiins OS+ with Slush Pool. And they’re just getting started. We’re bullish.
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After today’s adjustment, Bitcoin’s mining difficulty increased 5.56%, setting a new record high of 29.79 trillion.
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Bitcoin hashrate is at a new all-time high above 280 EH.
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@Bitboy_Crypto Additionally, if you anyone wants to learn about why proof of stake is not a like-for-like replacement for proof of work (there are trade-offs), we've also written about this:.
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Bitcoin mining difficulty dropped by -2.35% today, the second largest downward adjustment this year.
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Bitcoin recorded its first negative difficulty adjustment of the year today, lowering difficulty by roughly 1.5%.
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bitcoin mining is energy infrastructure.bitcoin mining is energy infrastructure.bitcoin mining is energy infrastructure.bitcoin mining is energy infrastructure.bitcoin mining is energy infrastructure.bitcoin mining is energy infrastructure.bitcoin mining is energy infrastructure.
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Is home mining worth it?. Breakeven power prices for an S19 Pro are $0.25/kWh. If your electricity is cheaper than that, you're in profit.
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Don't cheat (yourself out of sats). Run Braiins OS+. Thank you @thecryptoc0up1e/@theBTCouple for the collab.
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Block 74,638 was mined 12 years ago today, marking one of the most serious vulnerabilities in Bitcoin's young history. The block contained a transaction that created 184,467,440,737 BTC. 😳 Five hours later, a new version of the Bitcoin client soft forked away from the bug.
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New blocks are still found every 10 minutes. Carry on.
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@jack Do it, Jack! This is a fantastic idea. We have a history of supporting open source initiatives such as Stratum/Stratum V2 and we'd be happy to support any work Square does on this.
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Bear market mining isn't easy. Some for-profit miners may go offline soon as cost of production starts to exceed the market value for their sats. Current BTC Price: $21,300.Cost of BTC Production: 23,600 *.
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Bitcoin's mining difficulty just dropped by -5.06%, the largest negative adjustment in over a year.
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Yesterday's adjustment lowered bitcoin mining difficulty by -4.33%, the largest percentage decrease since July 2021.
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If you’re a bitcoin miner who doesn’t hodl as much of your payouts as possible, you’re doing it wrong.
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1/ There’s growing interest recently in the idea of decentralized mining pools, especially with the possibility of miners & pools being considered “brokers” based on the latest US infrastructure bill. It seems about time we share our perspective on all of this. A thread👇
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Bitcoin mining is what we do. Bitcoin believers is who we are. We will always defend the people and ideals of this community. We're proud to contribute to @hodlonaut's legal defense fund. If you're reading this tweet, we encourage you to donate too. 🔗
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Bitcoin’s genesis block was mined 5,000 days ago today.
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"Bitcoin uses as much power as the entire country of Morocco.". OK, but its market value (in a bear market) is also more than 3x the GDP of Morocco. 🤷🏽♂️.
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Bitcoin’s total hashrate has nearly tripled since the crash caused by China’s mining ban (a 181% increase to date).
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The break-even electricity price for Antminer S9s is now $0.04 / kWh. Bear markets are tough for old hardware.
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Tomorrow, bitcoin miners are expecting a -8% change in mining difficulty. This would mark the largest percentage drop since July 2021.
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Antminer S9 is actually capable of supporting overt #AsicBoost, however, the functionality is disabled by vendors FPGA design. We want to enable it. ✌️
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The governor of Texas is explaining how bitcoin miners help strengthen electric power grids. Bullish.
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Everyone starts mining bitcoin at the hashprice they deserve.
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Mining bitcoin at home is basically just paying your utility provider to sell you clean sats at a discount. but with a few extra steps.
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Bitcoin mining difficulty just increased by another 3.33% as of two blocks ago. Following the 13.55% increase on Oct. 10, hashrate growth continues strong into early Q4.
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We build during bear markets. Braiins is hiring for over a dozen roles in engineering, product, marketing, sales, and more. Join the best team in bitcoin mining.
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Since 2013, Braiins has been the majority stakeholder and sole operator of @slush_pool. Today, we are announcing that we officially acquired the remaining stake in the pool from @slush.
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We are proud to introduce new #BraiinsOS Wolfram🔥. It contains overt #AsicBoost support for all S9's with voltage & frequency control per hashboard.
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The original Stratum mining protocol launched to replace the getwork protocol when Bitcoin had 0.00003 EH of hashrate. It's older than Robinhood, Doordash and Google's Pixel. Bitcoin now has 205 EH of hashrate. Miners need an upgrade.
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Our thoughts and prayers are with our Ukrainian colleagues, their families, and all Ukrainians both in Ukraine and around the world.
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@ruskin147 Some nuance here:. A majority share of hashrate is powered by renewables. Miners are incentivized to consume only cheap energy, which is mostly energy which otherwise gets wasted. Some mining reduces GGEs, e.g. mining instead of flaring gas. More ⬇️.
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A single hydrodam in Paraguay can power the entire bitcoin network multiple times over. ⚡.
FYI: Pictured in the 1st tweet is Itaipu Dam, the 2nd largest hydrodam in the world with 14GW production. It's located on the border between Brazil and Paraguay, just a few minutes drive from Ciudad del Este. Below you can see how 14GW translates to #bitcoin hashrate.👀
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The future profile of energy consumption by bitcoin mining includes: . Geothermal.Natural Gas.Nuclear.Hydro.Wind.Solar.Coal.Oil. Labels like “clean” and “dirty” don't matter because miners are expanding into every sector of the energy industry.
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Bitcoin transaction fees are hovering around 2% of mining revenue for most of June. not bad for a bear market!
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Today marked a huge change in mining economics. Difficulty jumped +9.26%, the second largest upward adjustment in the past 12 months. This increase pushed hashprice down to nearly $0.08, its lowest level in 2 years. Bear market mining isn't easy.
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Do you want to hang out with us in Riga? . We have five (5) extra tickets to Baltic Honeybadger!. Like and reply to this tweet for a chance to win!. (The intern will pick winners in 24 hours.) ⏰
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Paraguay's Itaipu Dam overproduces roughly 5,500 MW of hydroelectric power. That's enough electricity for more than 1,500,000 S19 Pros.
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Electric grids are complex and often confusing, so we're explaining some of the basics in a multi-part series about mining and the grid. You can read Part 1: Generators now, by @hhornblower95.
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The fiat system lets a limited group of elites effortlessly print unlimited amounts of money. A bitcoin standard lets an unlimited group of people compete to create a limited amount of money. This is why we mine.
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Bitcoin mining difficulty is expected to drop -0.4% in a few hours.
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Bitcoin miners are reliable baseload generation maximalists.
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“Bitcoin Twitter is the most fun place online. We will win with our memes.” . Braiins’ own @BTCGandalf explaining why we should keep Bitcoin fun at @Unconfiscatable.
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Most bitcoin mining machines produce ~90 dB of noise, which is only a few decibels quieter than the average noise level at a nightclub. Sound money is loud.
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This is a great clip from @JasonLes_ explaining why Bitcoin will *never* transition to Proof of Stake consensus.
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Roses are red.Violets are blue.Miners running Braiins OS+.Have more hashrate than you.
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Bitcoin's consensus mechanism isn't wasteful, outdated or replaceable. Proof of Work is at the heart of why Bitcoin matters. Here's our argument for it:
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