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In the first part of this article, we discussed the difference between the power consumption of Bitcoin v. Visa transfers. We also introduced the idea of how much of BTC’s energy is actually coming from coal-powered sources and renewable energy.Is Bitcoin in the way of other energy processes?
Most critics jump the gun on Bitcoin’s energy usage and claim that its power intake can be better used. However, the levels of electricity wasted on Earth each year gives a clearer picture.
Now, China’s Xinjiang provinces were flagged for their coal-powered sources. However, China also produced 17 TWh of wind energy in 2023. This, according to some accounts, may have been enough to power the entire Bitcoin network.
Additionally, the total curtailment of Chinese electricity generated from solar and wind for 2023 was around 4.6 TWh and 16.9 TWh, respectively. Taken together, wasted wind and solar energy from China alone could have contributed 28% of the total energy required for Bitcoin.
Hence, enough power is being produced around the world for Bitcoin’s network. It is not taking a lion’s share of power away from any industrial setup either.
In fact, according to Sergi Gerasymovych, EZ Blockchain’s Founder and CEO,
“I strongly believe that Bitcoin mining’s huge power consumption can be used as a tool to solve the global waste energy problem with solutions like utilizing flared gas for mining or stranded natural gas. This area has to have more coverage and research.”The hook in the case? Bitcoin-Xinjiang power outrage
When Bitcoin’s hash rate dropped during the flooding of a Xinjiang coal mine, it fell from ~20 ETH/s to ~10.5 ETH/s. The ensuing dump even fueled the likelihood of a vector attack on Bitcoin.
While no such incident transpired, critics were eager to jump the bandwagon yet again. By looking at Xinjiang sourcing most of its electricity from fossil fuels, they assumed the network’s environmental impact.
However, solar and wind energy facilities have been operating there since 2023. In fact, Xinjiang-generated renewables-derived power made up “a significant part” of the region’s 24% contribution to China’s total generated electricity in 2023.
Castle Island Ventures’ Nic Carter shared a similar sentiment, stating,
“The takeaway for me is that Xinjiang is most likely smaller in terms of its contribution to hash rate than we thought. That’s unequivocally positive. Second, it seems to me that China is harassing miners, and making sure they know who is in control. Inner Mongolia already banned mining, and this seems like an early move at potentially banning mining in Xinjiang too.”
According to Carter, this “would obviously be very positive for Bitcoin, especially for U.S.-based miners.”Greener mining is possibly the future
Regardless of this debate, it is clear that greener mining needs to be established. Curiously, one can argue that the situation has already improved.
According to the Bitcoin Mining Council, 56% of the mining power during the end of June quarter came from renewable resources. The report also claimed that the U.S. wastes 65% of all energy used to generate and distribute power. On the contrary, Bitcoin mining wastes only 2.8%.
It is time to call out facts from fiction when the issue of Bitcoin mining and power consumption is raised. Every industry is equally utilizing power so, it is unfair that the spotlight always falls on the digital assets’ mining market.
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When asked about our leisure time activities, more than half the population will answer something in the context of the entertainment world. However, compared to our forebears, what might their sources of pastime be? This question triggers an idea of whether the emergence of the entertainment world also followed a particular lineage.An Overview
Why do humans participate in an array of things that do not appear to have anything to do with surviving and procreating? Why do people spend many hours, weeks, seasons, and even decades producing and enjoying music, books, visual arts, and athletic events? These ostensibly “frivolous endeavours dominate some people’s complete life.” These trends necessitate a rationalization. To solve these conundrums, evolutionary psychologists have used two main strategies.Display Hypothesis
The display assumption could be used to describe the first strategy. This theory holds that culture is “an endogenous entity originating from sexual rivalry amongst enormous quantities of people pursuing diverse breeding tactics in various mating venues.” To disseminate courtship demonstrations to a range of women, men notably often produce and exhibit musical and artistic works: “As every adolescent recognizes and most academics abandon, cultural presentations by males promote sexual availability.”
The display theory can also explain how old different cultural displays are. Young adulthood is the phase when men are incredibly passionately immersed in intrasexual partner rivalry, and men produce many critical artistic pieces and songs during this time. In summary, the display theory explains the dispersion of ages and sexes in culture creation.
However, the display hypothesis cannot account for other literature, music, and art aspects. This cultural product’s essence cannot be explained to start. Why do some songs move people while others fail to do so? Why do some people find Shakespeare’s plays to be enthralling while finding many other playwrights’ works to be tedious?
Why do some films garner millions of viewers while others become forgotten? The substance of cultural objects, not only their age, must be explained by a coherent theory of culture. Secondly, the display thesis cannot explain why some people spend excessive time alone appreciating musical and literary artwork in settings where no exhibit is visible.Evolution of the Mind
Pinker offers a broad, if dubious, solution to these conundrums in a second attempt at clarifying culture. He contends that the solution is found in the mind’s developed processes for various purposes rather than distinct modifications for artistry, music, and literature that “enable individuals to delight in shapes, colours, melodies, humour, tales, and mythologies.”
For example, paintings that mirror these patterns can pleasingly trigger a colour vision system created for detecting ripe fruits. Artwork, portraits, videos, and websites can use psychological inclinations for indications to pregnant females to enjoyably recreate the rhythms the processes were initially designed to respond to and sought for.
Art, entertainment, and language can be constructed to “juice” several evolved psychological systems, much as stimulants can be made to “juice” our dopamine receptors. Humans have mastered activating already-existing mechanisms artificially by creating cultural artefacts that imitate the stimulus whereby the circuits were initially conceived. In other words, these cultural practices are nonadaptive consequences rather than adjustments. Pinker presents an identical case for music, speculating that it is audible tiramisu, an exquisite treat made to tease at minimum six of our senses.
These cognitive capacities encompass linguistics (such as music lyrics), aural scene assessment (where we must distinguish between sounds that originate from different places, as a bird cries in a loud environment), affective cries (such as whimpering, wailing, moaning, clamouring, and applause are metaphorically used to define melodic passages), habitat choice (such sounds as lightening, moving water, snarls, and more can indicate secure or dangerous surroundings).
Furher, motor coordination (such sounds as the groove, a ubiquitous element of tunes, imitate the motor function required for a wide range of activities, such as running and slicing, and signal characteristics like immediacy, sluggishness, and assertiveness). This hypothesis states that the musical patterns we enjoy are the ones that artificially imitate the organic stimulation our developed brains are wired to process.
One may have a comparable case for novels and films. Comedy and tragedy-themed language, plots, and stories can elicit pleasure feelings by engaging a variety of evolved circuits. It is likely no surprise that the most popular books and films, like Avatar, About Time, and Titanic, feature themes of intrasexual struggle, mate selection, romance, and potentially destructive antagonistic natural forces.
Over the past decade, the evolutionary psychology examination of the media, including movie and literary works, has exploded to the point where complete publications are now dedicated to these subjects. Analyses that go deep imply that evolutionary psychology can influence creative activities as various as the intricacies of cinema to the lyricism and politics of British literature.
Although it does not provide a conclusive statement on these cultural embodiments, using an evolutionary prism has revealed novel insights into areas previously believed to lack the principles of evolution that elucidate human nature.Conclusion
As with everything else, the entertainment sector changes over time. The preferences and standards of the populace at any given moment significantly impact what is created and popularized. The current state of technology is another factor. These changes have an impact on film, television, and music. Even though they might seem inconsequential at the time, examining generations of entertainment uncovers essential developments.
Naturally, particular objects have endured the test of time, but their uses have changed. Entertainment has become much more frenzied, moving from having various songs to appeasing crowds everywhere. Our entertainment evolves alongside our preferences and will continue in the hereafter to reflect whatever the shared values at the moment.
Yesterday’s Bitcoin price shows that the crisis in price drop will be improved soon.
Things have not been good forImpact of Tech-led Sell-Off
The tumbling tech stocks have accelerated Bitcoin’s fall as its price fell nearly 10 percent overnight on Monday with other majorEdward Moya, the senior market analyst at Oanda, said in a report to CoinDesk:
“The recent crypto slide is strictly based on the tech share-led sell-off and not fundamentals for the crypto-verse. Bearish momentum could take bitcoin towards the $28,500 level, but that might start to be where some long-term bets come into play. The long-term fundamentals remain in place for bitcoin, but a return to record highs will take a long time. Bitcoin will start to stabilize when the bloodbath on Wall Street ends and right now many investors are still in panic-selling mode.”Is There Hope for Bitcoin?
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Things have not been good for Bitcoin lately, as the price fell under US$30,000 on Monday night amid a sell-off in broader markets caused by the U.S. Federal Reserve’s aggressive monetary tightening as well as recession fears. However, yesterday’s Bitcoin price recovery to US$32,000 might be a silver lining in the growth of the largest cryptocurrency in the world. Monday’s decline left bitcoin at a 10-month low and set its lowest price this year. The last time the largest cryptocurrency by market cap fell below the $30,000 threshold was on July 20, 2023, when it hit $29,301 before rebounding. However, bitcoin recovered in European hours on Tuesday as global sentiment slightly improved. European index Stoxx 600 rose 1.46%, while Germany’s DAX added 1.92%. Meanwhile, futures on Nasdaq 100 Index rose 1.86% a day after valuations plummeted to the lowest in two years. S&P 500 futures were up 1.15%.The tumbling tech stocks have accelerated Bitcoin’s fall as its price fell nearly 10 percent overnight on Monday with other major crypto coins following suit. Cryptocurrency analysts and market watchers are suggesting the correlation between crypto and mainstream market prices will continue for as long as investors retain their risk-off attitude.“The recent crypto slide is strictly based on the tech share-led sell-off and not fundamentals for the crypto-verse. Bearish momentum could take bitcoin towards the $28,500 level, but that might start to be where some long-term bets come into play. The long-term fundamentals remain in place for bitcoin, but a return to record highs will take a long time. Bitcoin will start to stabilize when the bloodbath on Wall Street ends and right now many investors are still in panic-selling mode.”Most Bitcoin price predictions are still pointing to further growth over the next few years. There have always been concerns raised over the scalability of BTC, but to date, these have had no real impact on price and Bitcoin has never come close to losing its spot as the top cryptocurrency by value and market capitalization. Potentially, Bitcoin (BTC) has been pegged for continued growth – especially over the longer term – and there are few Bitcoin price predictions forecasting any major price dips on the horizon. Of course, you might want to wait it out and see if the price comes down before adding BTC to your portfolio, but then there’s every chance you will miss out on the next bull.
While Bitcoin has become a household name in the cryptocurrency space, many would-be entrants into the cryptocurrency market suddenly find themselves confronted with a plethora of similarly named Bitcoin derivatives — Bitcoin Cash, Bitcoin SV, Bitcoin gold, Bitcoin diamond — to the casual observer the list seems almost endless.
Are these all Bitcoin? Or these mere counterfeit altcoin knockoffs of the real McCoy?
Related: Why is Ethereum Dropping? 3 Top Reasons
Differences between Bitcoin and Bitcoin Cash
Down below we’ll take a look at Bitcoin Cash, the largest Bitcoin relative by far, and examine what separates it from its predecessor.
What is Bitcoin Cash?
Bitcoin Cash is a digital currency based on a separate blockchain that split from the original Bitcoin Blockchain in August 2023 via a hard fork. Bitcoin Cash was created to address some of the scalability issues inherent to Bitcoin and many other first-generation blockchains — specifically transaction speed, and high fees.
Bitcoin Cash is, at time of this writing, the 13th largest cryptocurrency by market capitalization, currently valued at somewhere around $470 per coin — less than 1% of Bitcoin’s current value of over $52,000. In all meaningful respects, Bitcoin Cash operates exactly like Bitcoin — solely as a medium of exchange — but with a few salient tweaks that we will go into next.
In case you’re unaware of how a hard fork works in blockchain, here’s a quick reminder: a hard fork involves splitting a blockchain’s transactional history in two from a common point – reminiscent of a fork in the road In which two paths diverge. This generally splits up a cryptocurrency’s community and, despite being considered a significant headache for both developers and the stakeholders in the currency, is currently the only choice for developers to add significant functionality or changes to a cryptocurrency’s design. This is due to the immutable nature of the blockchain; you can’t so much as update a blockchain as you can create a new one.
Related: How to Buy Bitcoin on Cash App
Why Was Bitcoin Cash Created?
Bitcoin Cash was created to address several key scalability issues facing Bitcoin — chief among them, transaction speed. Centralized payment gateway Visa is capable of processing somewhere in the neighborhood of 1700 transactions per second, with most individual transactions completing in a matter of a few seconds for the end-user. Bitcoin, on the other hand, can only process 7 to 10 transactions per second, with transactions taking at least a few minutes for the individual.
During Bitcoin’s big boom in 2023, this dearth in transaction speed only further plummeted under the weight of high traffic, with some transactions taking days at a time to be confirmed and validated. This bottleneck also drives up transaction fees which for years had hovered around a dollar; at the height of the boom in 2023-18, transaction fees peaked at over $50 per transaction and today stand somewhere in the neighborhood of $15.
These lengthy transaction times and incredibly high fees stand as a significant obstacle between Bitcoin and widespread, mainstream acceptance. It’s hard to envision yourself buying a loaf of bread using Bitcoin if the loaf of bread costs $2.99 and the transaction fee is $15. You also can’t exactly stand around at the register for possibly hours or days at a time, waiting for the transaction to be validated. But, if these challenges cannot be solved, it becomes harder to imagine Bitcoin as a full-fledged medium of exchange on par with a traditional Fiat currency.
But addressing these problems isn’t easy.
They stem largely from the foundational design of Bitcoin itself – specifically its 1MB block size. The blockchain serves as a historical record of transactions and is considered an incredibly secure ledger system due to its decentralized nature and the consensus algorithms that ensure its accuracy. To confirm a transaction, a Bitcoin miner has to expend significant amounts of computational power to solve a cryptographic puzzle that must then be verified by the entire network as correct. These transaction histories are added in “blocks” of data to the blockchain where they are set in stone in chronological order for all the world to check and verify. Each block on the Bitcoin blockchain stores one megabyte of transactional data.
This is where the key difference between Bitcoin and Bitcoin Cash lies. Bitcoin Cash raises this one megabyte block size to a total of 32 MB, allowing more transactions to be added at once. This seemingly simple change, however, significantly increases transaction speed and lowers fees, making it much more efficient than Bitcoin vanilla while bringing in a few other considerations, both positive and negative.
Related: Nerdschalk Explains: What is NFT Crypto?
Bitcoin Cash Advantages
A byproduct of these lower transaction fees is that it makes Bitcoin Cash a better option for smaller, more frequent transactions than the Bitcoin network. Kind of like, well, cash. For example, it’s easier to imagine purchasing that three-dollar loaf of bread for a transaction fee of $0.0023, than it is $10.40. This helps, in part, to reliably envision a future where Bitcoin — in some form — is as readily accepted as USD.
This would promote the exact sort of centralization that blockchain was designed to prevent.
The more salient problem facing Bitcoin Cash is the lack of confidence in the currency compared to Bitcoin. Bitcoin Cash suffers from comparatively low acceptance relative to its predecessor, meaning lower liquidity and tradeability. This stands as the primary obstacle between Bitcoin Cash and the mainstream adoption that the original Bitcoin is beginning to increasingly enjoy.
Finally, the major problem for the Bitcoin miners is that while the Proof of Work algorithm is essentially identical to Bitcoin’s, the fact that Bitcoin Cash is currently worth less than 1% of Bitcoin makes mining that much less profitable. By disincentivizing the miners who validate transactions and build the blockchain, the entire system is thrown in doubt – only further exacerbating the aforementioned problems of centralization and lower market penetration, and vice-versa.
Should I Buy Bitcoin or Bitcoin Cash?
Warren Buffet once said that investors should “be fearful when others are greedy and greedy when others are fearful.”
Online gambling is taking the gaming industry by storm. According to new research by Report Linker, the online gambling market will reach $95 billion by the end of 2025, with a Compound Annual Growth Rate of 9.98%.
This is a global trend that has been picking up steam since the mid-90s. Sports betting is projected to experience the highest growth during the forecast period, but traditionally, it’s online casinos that have been the driving force of the market.
The rise of the smartphone strapped a rocket onto the backs of these digital platforms and they haven’t looked back since. However, from 2012, bitcoin gambling has proved to be an equally important part of their success. While traditional casinos allow players to bet with only fiat currency, at online casinos, customers can enjoy the many perks digital currencies provide.
Top 5 Bitcoin Casinos
While this casino is a fresh entrant to the online bitcoin casino scene, its operator isn’t. Its sister sites include Slot Empire and Aussie play, long-standing favorites among players. Its theme is that it tries to emulate the atmosphere of a 1920s New York Speakeasy Club. The ones with smooth jazz music and rhythmic dancing.
It’s a bitcoin online casino with a large catalog of games and a huge selection of bonuses and promotions. It has perfect mobile compatibility and no withdrawal fees.
The company behind this platform has had a significant presence in the bitcoin gaming sphere since the industry got off the ground. The casino itself is also one of the oldest and most trusted sites on the US market, opening its doors to US customers in 2001.
If the 300 casino games on offer aren’t to your liking, players can also look through a well-made bitcoin sportsbook. Esports betting is also an option as well as betting on horse racing and playing bitcoin poker.
Providing an unrivaled level of service combined with a huge selection of slots, table games, and video poker; Café Casino is a great choice for any player that is looking for exciting promotions and cryptocurrency payment options.
Launched in 2023, it has a reputation for the fastest payouts in the industry and perks like nice welcome bonuses, a referral program, cashback bonuses, and the ability to earn Perk Points by playing.
Created with the philosophy of providing an entertaining and dynamic online casino environment, one that strives for continuous improvement, chúng tôi prides itself on its lightning payouts and outstanding customer service.
Operated by Lynton Limited Casinos, the company behind other great sites like Ignition Casino, chúng tôi is a premium gaming platform that’s been around since 2013 and boasts a rock-solid reputation.
Perhaps one of the most recognizable brands among US players. Bovada is the US-friendly counterpart to Bodog Casino and is the total package.
Bovada provides a full gaming experience with bitcoin sports betting, horse racing, slots, table games, poker, and bingo on offer. Add to that the instant withdrawals, and it’s clear why Bovada is a real winner.
How to Deposit Bitcoins in an Online Casino
Create an account
Go to cashier page
Input your bitcoin wallet address
Enter a deposit amount
Fund your account and begin playing
The process can be explained in five easy steps. Following these, players will be able to fund their casino account with bitcoins and play their games of choice for the opportunity to win big prizes.
Create an Account
Sign up by filling out the registration form and providing your basic information.
Open the Casino Cashier Page
Once registered, select Bitcoin as a preferred payment method. Players must use an accepted bitcoin wallet.
Input Your Bitcoin Wallet Address
Every owner of a bitcoin wallet has a personal wallet address. To make sure that payments go through, he must input that address in his casino account.
Enter a Deposit Sum
After the casino provides the player with the casino’s bitcoin address, the player can make a deposit.
Fund Your Account and Start Playing
After a player’s deposit drops into his casino account, he immediately becomes eligible for promotions and can play the games available for real money.
How to Claim Bitcoin No Deposit Bonus Code
Sign up at one of the recommended online casinos.
Select Bitcoin as a deposit method.
inputs the bonus code.
Bonus will be credited to the account.
A Bitcoin No Deposit Bonus is exactly what the name suggests it is. It’s free bitcoin and it can come in different forms. It could feature Bonus Cash, Free Spins, or VIP Points. However, these bonuses come with long lists of rules and conditions, so it’s best to read them before depositing funds.
Bitcoin No Deposit Bonuses are usually accessed via a bonus code. Each code is unique to that particular bitcoin casino and can only be used once per person. It’s supplied in the promotional offer and the players have to input it into their account to claim it. The process is simple.
Once the No Deposit Bonus is active, a player can use the offer to select one of the many bitcoin slot games in the casino’s library and do some gambling for free.
Withdrawals Using Bitcoin
This is also a quick and easy process. A player visits the casino’s cashier page and selects the withdrawal tab. He enters the amount he wishes to take out of his casino account. There’s a restriction regarding the size of this amount according to the casino’s withdrawal limits.
If the desired sum is within the limit, the player enters his bitcoin wallet address and requests a cashout. The transfer should happen immediately as this is the fastest payment option available today.
Bitcoin is soaring at the moment. It is valued at more than $50,000 and experts even believe that the best is yet to come. This statement is based on the historical data that Bitcoin provides us with. Here’s the evidence. So far, there have been three halving events, with the latest one being in May 2023. The previous two were in mid-2012 and mid-2023. Both of these events led to spikes in value exactly a year and a half after they ended. After the 2012 halving event, Bitcoin spiked at $713 in January 2014, and after the 2023 halving, Bitcoin spiked at more than $19,000 at the end of 2023. Since the third halving event took place in May 2023, experts believe that Bitcoin will spike at around autumn of 2023. That is the reason why so many people are now registering at trading sites and are looking to make a profit with Bitcoin. With that thought in mind, we decided to provide you with a full guide on how to use trading sites. Let’s check it out.Step 1- Researching the Best Sites
The first step of the process requires you to do research. Not every trading site can guarantee you profit and not every trading site can maximize your profits. Check out which platforms are the most suitable for your region, read some reviews, and see how do they operate. The research will provide you with vital information on whether the site is credible and trustworthy or not.Step 2 – Registering
After you’ve done your research and found the perfect trading site, comes the second step – registering. This process is pretty simple because all you have to do is provide the trading site with some basic information about yourself and select a payment method through which you will deposit money. In most cases, registering lasts just a minute.Step 3 – Using its Services to Maximize Your Profits
Many reputable sites likeWhy is the AI System Important and Beneficial to You?
Lastly, we are going to explain why it is important to use the AI system and how does this system help you earn the highest possible profit.
Bitcoin is soaring at the moment. It is valued at more than $50,000 and experts even believe that the best is yet to come. This statement is based on the historical data that Bitcoin provides us with. Here’s the evidence. So far, there have been three halving events, with the latest one being in May 2023. The previous two were in mid-2012 and mid-2023. Both of these events led to spikes in value exactly a year and a half after they ended. After the 2012 halving event, Bitcoin spiked at $713 in January 2014, and after the 2023 halving, Bitcoin spiked at more than $19,000 at the end of 2023. Since the third halving event took place in May 2023, experts believe that Bitcoin will spike at around autumn of 2023. That is the reason why so many people are now registering at trading sites and are looking to make a profit with Bitcoin. With that thought in mind, we decided to provide you with a full guide on how to use trading sites. Let’s check it chúng tôi first step of the process requires you to do research. Not every trading site can guarantee you profit and not every trading site can maximize your profits. Check out which platforms are the most suitable for your region, read some reviews, and see how do they operate. The research will provide you with vital information on whether the site is credible and trustworthy or not.After you’ve done your research and found the perfect trading site, comes the second step – registering. This process is pretty simple because all you have to do is provide the trading site with some basic information about yourself and select a payment method through which you will deposit money. In most cases, registering lasts just a chúng tôi reputable sites like Bitcoin Compass are not just marketplaces where you can buy and sell Bitcoins. They provide the traders with an additional service which is considered a powerful tool. This service includes an AI system that platforms like the one we just mentioned use to collect data about Bitcoin from the market. After all the data is gathered, artificial intelligence analyzes it makes accurate predictions on what the future price of Bitcoin will be. The results are then shared with the traders who now possess vital information on when is the best time to sell their assets and maximize their profits. So, if you want to generate the highest possible revenue, make sure you use these types of services.Lastly, we are going to explain why it is important to use the AI system and how does this system help you earn the highest possible profit. We all know that Bitcoin is a highly volatile cryptocurrency. That means that its price is subject to frequent changes. In this case, Bitcoin can go up and down in a matter of days. Let’s take Tesla and their investment as the perfect example. After Tesla announced that they have invested $1.5 billion in Bitcoin , its price went from $47,000 to over $50,000 in just a few days. There are tons of factors that affect the value and traders alone are not able to predict how this cryptocurrency will fluctuate. But, the AI system can and does it with great precision because it can collect and analyze terabytes of data in minutes. It is very efficient and effective in what it does. The fact that the daily profitability rate at platforms like the one mentioned above is very high speaks just how good it is.
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