Bitcoin Mining Energy Usage: The Good, the Bad and the Future

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Buttcoin: backed by gold, comedy gold!

Shill central
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'Lack of strong privacy guarantees are bitcoin's biggest weakness. Making private bitcoin usage easier, more accessible, and more effective would make bitcoin even better money and as a result should lead to an increase in adoption and therefore price.' - Matt Odell

'Lack of strong privacy guarantees are bitcoin's biggest weakness. Making private bitcoin usage easier, more accessible, and more effective would make bitcoin even better money and as a result should lead to an increase in adoption and therefore price.' - Matt Odell submitted by dEBRUYNE_1 to Monero [link] [comments]

I've been trying to workout if bitcoin usage has been increasing recently, here's what I've found.

I've been trying to workout if bitcoin usage has been increasing recently, here's what I've found.
Bitcoins daily active addresses have been steadily increasing since the sharp drop after the late 2017 hype. If it continues like this we could well be seeing 1 million daily active addresses by the end of 2020.
credits: bitinfocharts.com
Transactions per day has already reached late 2017 levels. It seems to have stabilised at around 300k transactions a day. The reason for this may be that the network simply can't handle any more transactions.
credits: bitinfocharts.com
Tweets per day hasn't risen quite as much as transactions, and is far off late 2017 levels. It does however seem to have been steadily increasing through 2020, somewhat similar to the steady increase before the spike in late 2017.
credits: bitinfocharts.com
Lightning network channels are slowly rising.
credits: bitcoinvisuals.com
Google trends shows searches for 'buy bitcoin' are still fairly stagnant.
credits: trends.google.com
So from what i can see network activity seems to be increasing, but social activity/hype still seems fairly stagnant. Maybe this is because network activity increases first and social activity follows? Maybe all these metrics just follow the price? I honestly don't know so I'd love to hear everyone's thoughts in the comments.
submitted by olihowells to CryptoCurrency [link] [comments]

Bitcoin usage/trade and US taxes.

Hi all, I have a simple question on what event trigs a taxable event with bitcoin. i know buying bitcoin is not but selling, converting, trading bitcoin, as I understand, creates a taxable event. So wouldn't use of cypto cards, with each transaction, create a taxable and reportable event?
submitted by ZanOOzibar00 to BitcoinBeginners [link] [comments]

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela submitted by ArnitaHayward to CryptoMarkets [link] [comments]

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela

Chainalysis: Bitcoin Usage Is Flourishing In Venezuela submitted by ArnitaHayward to CryptoCurrencies [link] [comments]

Anonymous Bitcoin Usage

I've seen a lot of information on anonymous usage of bitcoin, including this. I'm wondering if it's not fairly safe, for a low-volume (maybe only once) buying model, to:
  1. Buy paper wallet bitcoin from an ATM
  2. Sweep paper wallet into a software wallet (I was looking at Electrum)
  3. From Electrum, send to wherever I'm looking to spend (with VPN running)
I'm newer to this, so be gentle... What are the holes I'm missing? Is this fairly anonymous? I'm running on Windows 10.
edit: when I'm spending, I'm using VPN and tor
submitted by bobdole12345678910 to Bitcoin [link] [comments]

Visa about to boost bitcoin usage

Visa about to boost bitcoin usage submitted by redddiablo to Bitcoin [link] [comments]

Bitcoin Usage in the Darknet Rose by 65 Percent in Q1 2020 - Crypto Press

Bitcoin Usage in the Darknet Rose by 65 Percent in Q1 2020 - Crypto Press submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin Usage up in Vietnam, Bangladesh & & S Africa

Bitcoin Usage up in Vietnam, Bangladesh & & S Africa submitted by JuliusMoons to WorldWeeklyNews1 [link] [comments]

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. submitted by Crypthomie to CryptoCurrency [link] [comments]

Bitcoin Usage Among Merchants Is Up, According to Data

Bitcoin Usage Among Merchants Is Up, According to Data submitted by AliantPayments to Bitcoin [link] [comments]

Paxful CEO on Bitcoin usage in Africa and its emerging market future | Messari

Paxful CEO on Bitcoin usage in Africa and its emerging market future | Messari submitted by Martha_Paxful to paxful [link] [comments]

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. submitted by jeffyal to CryptoMarkets [link] [comments]

Bitcoin Usage

Heyo,
I just saw a video from ~2010 of a guy using a bunch of bitcoins to buy a pizza. Those bitcoins are now worth close to $200k today. This makes me wonder about a few questions:
-What is being done to incentivize the actual use of bitcoin? Doesn't everyone have the same fear as I do, which is if I use a bitcoin today I'm missing out on money tomorrow?
-Does bitcoin have to be an active fiat in order to be valuable?
-What percent of people use bitcoin compared to HOLDRs?
-Are HOLDRs detrimental to the future of bitcoin?

The Bitcoin Standard book is in the mail, so hopefully it'll answer a lot of questions I have, but any help on here is appreciated!
submitted by Lutt15 to BitcoinBeginners [link] [comments]

Bitcoin Usage Nears All Time High

Bitcoin Usage Nears All Time High submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

What's the best/most financially optimal bitcoin usage?

I got more than a few of the lil guys hanging out in my stash. Since their value on the market has dropped I was wondering what the best way to use bitcoins is.
submitted by shadowtake to EscapefromTarkov [link] [comments]

Tim Draper Says COVID-19 Will Boost Bitcoin Usage

Tim Draper Says COVID-19 Will Boost Bitcoin Usage submitted by eida2023 to NEWSBTC [link] [comments]

Pandemic Is Changing Bitcoin Usage in ‘Unexpected Ways,’ Says Chainalysis

Pandemic Is Changing Bitcoin Usage in ‘Unexpected Ways,’ Says Chainalysis submitted by Ranzware to BitNewsLive [link] [comments]

Chainalysis Research Confirms Bitcoin Usage Suffers From the Coronavirus » The Merkle News

Chainalysis Research Confirms Bitcoin Usage Suffers From the Coronavirus https://upload.news/35a37i
submitted by GaryPalmerJr to MintingCoins [link] [comments]

Chainalysis Research Confirms Bitcoin Usage Suffers From the Coronavirus

Chainalysis Research Confirms Bitcoin Usage Suffers From the Coronavirus submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay/ Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips.

Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay/ Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips. submitted by Orionkey-Crypto to u/Orionkey-Crypto [link] [comments]

What is Bitcoin How to use Bitcoin How to Start Using Bitcoin in Five Easy Steps - YouTube Bitcoin Usage BREAKS RECORDS In The United States. 24 Years Ago Most Couldn’t Even Use The Internet. Why to choose Bitcoin  What is Bitcoin  Bitcoin Usage 2016 How to Use a Bitcoin ATM - YouTube

The Cambridge Bitcoin Electricity Consumption Index (CBECI) provides a real-time estimate of the total electricity consumption of the Bitcoin network. The CBECI is maintained by the Cambridge Centre for Alternative Finance (CCAF) at Judge Business School, University of Cambridge. Bitcoin’s biggest problem is perhaps not even its massive energy consumption, but the fact most mining facilties in Bitcoin’s network are located in regions (primarily in China) that rely heavily on coal-based power (either directly or for the purpose of load balancing). To put it simply: “ coal is fueling Bitcoin” (Stoll, 2019). Thinking about how to reduce CO2 emissions from a ... It’s easy to attack Bitcoin for its energy usage. Therefore, it’s important to know that there is also an enormous hidden energy usage behind the VISA network. On the other side, the Bitcoin ... With statistics leaning towards dominant bitcoin usage, the increased encryption of crypto, thanks to new innovations like Bulletproofs and Mimblewimble, is a case for optimism. To use Bitcoin, start by purchasing some Bitcoins online, through a trading exchange, or using a Bitcoin ATM. Then, get a digital wallet on your phone or computer, which is where you'll store your Bitcoins. Once you have some Bitcoins, you can make purchases with them, trade them for other cryptocurrencies, or hold onto them in hopes that their value will increase over time. If the value of ...

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What is Bitcoin How to use Bitcoin

#BTC #Crypto #Cryptocurrency In this video we will review how to use Glassnode and what are some of my favorite charts. BTC Donations: 3NjPCzPpL1QkUeVPs7c93s... One super convenient way to purchase bitcoin is with a bitcoin ATM. Here is a step-by-step guide! Note: Regulations differ for ATMs depending on where you're... How do you use a Bitcoin ATM machine and why would you even want to? Watch me perform an actual BitcoinDepot ATM transaction live! 👇 Visit https://bitcoindep... Think About It! 24 Years Ago Most Couldn’t Even Use The Internet. 27 Million Bitcoin (BTC) Users Now in the US, Says Crypto Exchange Coinbase https://dailyho... http://www.voicesofliberty.com/article/5-easy-steps-to-get-started-using-bitcoin/ Bitcoin is an open-source cryptographic currency that uses peer-to-peer tec...

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