Press Releases
By Dan Saada
1 / 11
Paolo Ardoino: Fun Friday through. Altcoin maxis: Bitcoin is so dead!! There is no use case for it! Actual real nations: hold my beer, while I boot a volcano mining rig.
2 / 11
Liguria might need to start planning for Basil powered mining. Jokes aside what El Salvador did is a wake-up call for many. Use the renewable resources your territory offers.
3 / 11
Just saying. I'm eyeing Etna volcano in Sicily. Wondering if someone could raise capital via a STO to bootstrap Bitcoin mining operations.
4 / 11
Community Users were Like: Please have a look at the Potential of Geothermal Energy for Bitcoin Mining in the Philippines.
5 / 11
Yet another user was like I'm right next to Pinatubo.
6 / 11
Just to put things into perspective: if 1 good volcanic well gets 95MW (avg well gets only 4MW), then Bitcoin needs 1.1 million volanic wells to run per year.
7 / 11
One of the user stated the Bitcoin network does not need any certain amount of electricity to function.
8 / 11
Someone clarified stating, well that's not true, the network will experience 20 min block times fees and transactions backlogs will go through the roof and the difficulty…
9 / 11
Others were like, No, it wouldn't. Security would still be plenty sufficient. Fees and difficulty would rebalance after a week or so.
10 / 11
Some believe that soon enough there will be a nation state attack on Bitcoin, harsh restrictions, and bans on possession and trading.
11 / 11
Others were trying to point to how the Ethiopian Education Minister confirmed blockchain partnership.
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