Toggle light / dark theme

This will reduce carbon emissions from mining operations but is that the only way?

TeraWulf, a Minnesota-headquartered company, will become the first entity in the U.S. to power its Bitcoin mining operations with nuclear energy, CNET.


Luza studios/iStock.

Over the years, the puzzles have become more difficult to crack, and miners have dedicated greater computational resources in their bid to earn the coveted new coin. This, in turn, has increased the power consumption of the Bitcoin industry, making it less sustainable than beef farming, and it is estimated to have emitted 86.3 million tons of carbon in 2022 alone.

Stanislav Palamar/iStock.

If the proposed legislation is successful, Arizona will become the first state in the United States to officially recognize Bitcoin as a legal currency. This would have significant implications for the use and acceptance of bitcoin within the state. Not only would individuals and businesses be able to use bitcoin to pay debts, taxes, and other financial obligations, but state agencies would also be able to accept it as payment.

Despite its recent blowback, Web 3.0 offers a more interconnected and productive society.

The next significant development for the internet and all it governs is Web 3.0. To improve user experience, it will make use of artificial intelligence. In addition, blockchain technology will enable the service to be backed by decentralized networks since Web 3.0 is the fundamental framework for cryptocurrencies like Bitcoin and Ethereum. This will be a revolutionary move that might significantly influence businesses and how they function, as well as individual users. For instance, site owners won’t have to rely on larger businesses like Amazon (AWS) and Google to buy server space.


Web 2.0 – the current version of the internet – has grown overly centralized, with a small number of large technology businesses and government organizations controlling the industry. Web 3.0, which promises a decentralized online ecosystem built on the still-emerging blockchain, will be the third iteration of the internet. Web 3.0 was first coined in 2014 by a computer scientist named Gavin Wood also helped create Ethereum, the decentralized blockchain system that powers the ether coin.

The main problem with Web 2.0, according to Wood, is trusting the people who run the services. “We’ve managed to build ourselves into this fairly dystopian picture of what the world could be,” he said in a podcast with CNBC. This is why many believe Web 3.0 – with its focus on decentralization – will provide a more democratic and dispersed view of the internet. Additionally, it’s touted as an essential component of the emerging metaverse, an immersive online universe. While some are skeptical and refer to Web 3.0 and the metaverse as primarily a marketing project and even as a pyramid scheme, other venture investors are pouring billions of dollars into this futuristic vision. However, the idea is reportedly also opposed by many in the tech world, including Elon Musk and Jack Dorsey, the former CEO of Twitter.

From the beginning, our group has been about coming together to talk about crypto in a safe space. To share tips in a respectful and honest environment where people can make like-minded friends in an inclusive environment. We desire to educate, as well as learn in this ever changing landscape that is crypto. Moving forward we will grow whilst considering our core values.

For more information follow our official socials:
Main TG: https://t.me/whalecointalk.
News TG: https://t.me/whalecointalknews.
Twitter: https://twitter.com/WhaleCoinTalk.
Website: https://www.whalecointalk.com.
Instagram: https://www.instagram.com/whalecointalkofficial.

Disclaimer:
Not Financial Advice.
Do Your Own Research.

#Binance #BNB #Bitcoin #Ethereum #Doge #Shiba #Cryptocurrency #AMA #AskMeAnything #NFTs #MetaVerse #Kishu #Blockchain #DeFi #CryptoAMA

China has sent a record number of warplanes near Taiwan in retaliation for what the CCP considers the US arming Taiwan. Covid has hit China really, really hard, and the bodies are piling up. The Biden administration is getting tougher on China. Or so the media tells us. Watch this episode of China Uncensored for that and more of this week’s China news headlines.

How I Found (And Lost) Love in Minecraft https://www.youtube.com/watch?v=5H88umjMyi0

Gamers Unbeaten https://www.youtube.com/@gamersunbeaten564

“Woke” Investors Funding China’s Human Rights Abuses https://www.youtube.com/watch?v=_zcA3rtywXQ&t=4s.

While it is still unclear how cryptocurrencies will alter in value and where we will be in 2023 — one thing is clear, they are undoubtedly here to stay.

As 2022 draws to a close, the cryptocurrency market is under great scrutiny. From the crypto winter of 2021 that saw Bitcoin lose almost a third of its value and other cryptocurrencies follow suit to security issues with crypto exchanges, bridges, and web 3.0 apps, and of course, FTX’s dramatic failure, it’s almost impossible to disbelieve tales of gloom. However, looking at the forecasts for 2023, it appears the market may rebound, and now may even be an ideal moment to invest.


Da-kuk/iStock.

Get a Wonderful Person Tee: https://teespring.com/stores/whatdamath.
More cool designs are on Amazon: https://amzn.to/3wDGy2i.
Alternatively, PayPal donations can be sent here: http://paypal.me/whatdamath.

Hello and welcome! My name is Anton and in this video, we will talk about new announcement about a potential breakthrough in fusion.
Links:
https://theconversation.com/how-far-has-nuclear-fusion-power…ogy-195114
https://aip.scitation.org/doi/10.1063/5.0085304
https://www.llnl.gov/news/national-ignition-facility-experim…n-ignition.
https://journals.aps.org/prl/abstract/10.1103/PhysRevLett.129.075001

Previous video with details: https://youtu.be/5M5U2_9eEgM
#fusion #physics #breakingnews.

Support this channel on Patreon to help me make this a full time job:
https://www.patreon.com/whatdamath.

Bitcoin/Ethereum to spare? Donate them here to help this channel grow!

A Dutch entrepreneur is helping to fight climate change rather unexpectedly — by using cryptocurrency mining to grow tulips!

In a modern twist, the Dutch are using bitcoin mining to reap an age-old bounty — tulips! Known for centuries as one of their most iconic cash crops, these beloved flowers now have another purpose in Holland: powering cryptocurrency.


The idea is so promising that even philosopher Nassim Nicholas Taleb has compared bitcoin mining in greenhouses to his concept of the “black swan” event. Despite the comparisons to Tulipmania, Koning believes that Dutch agriculturalists could benefit greatly from bitcoin mining in the years ahead.

Even though the cryptocurrency sector is currently facing a major downfall – from $16,300 per unit to $68,000 in 2021, De Groot is not worried.

The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin.

Ethereum, the world’s second-largest crypto asset by market cap, has drastically changed its energy usage, saving a country-size proportion of power consumption.

This radical update most likely reduced the power consumption of the crypto network by 99.84 percent to 9.99 percent, according to a paper published by peer-reviewed data-science journal Patterns on Tuesday.

The recent price stabilization was the last gasp, according to experts.

The world’s most popular cryptocurrency, Bitcoin, is on its way to irrelevance, according to the Director General of the European Central Bank and his adviser. In a recent blog post, the duo questioned the utility of Bitcoin as a form of alternate currency and the value it has created for society thus far.

The comments come at a time when the cryptocurrency industry is reeling under a shock from the collapse of FTX, one of the largest crypto exchanges in the world.


Burak Fatsa/iStock.