The Bit Short: Inside Crypto’s Doomsday Machine | by Crypto Anonymous | Jan, 2021 | Medium
This is the story of a Bitcoin trade — the most financially impactful trade I’ve ever made in my life.
It’s also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to make that trade.
And it’s the story of what’s really going on in crypto — and what we should do about it.
Bitcoin surge helps lift Grayscale assets to record US$20 billion in 2020 - CNA
Grayscale, the world's largest digital currency manager, said on Thursday its assets under management surged more than 900per cent to US$20.2 billion at the end of last year,
Climate Change - CNA
BANGKOK: During good times, mining for Bitcoin is an around the clock job.
In Nonthaburi, a province outside Bangkok, through the day and night one facility’s thousands of machines are on the hunt.
An ordinary factory from the outside, inside row upon row of machinery sits quietly at work in the dim light, in an enormous 16,000 sqm space.
This mining operation is said to be the biggest in Southeast Asia and the bounty it is looking to unlock has become more valuable than ever before.
Behind the fluctuating rise of Bitcoin lies the cold, constant reality of how it is accessed.
The nature of its software means each Bitcoin transaction requires a large amount of electricity and leaves a carbon footprint that is worsening the onset of climate change.
In March last year, the price for the digital currency sat just above US$5,000.
Nine months later it peaked at more than US$40,000 on Jan 8. It was the latest surge in a highly speculative market.
For mining farms like ZMINE, the past few weeks have been the welcome return of a boom period, following years of struggling to profit.
“We had some difficult times when we had to shut down our mining farm because it’s not worth it.
In the last six months, we just got back to operating.
It wasn’t a 100 per cent shutdown but we could do it only in the night time because of the electricity cost,” said ZMINE CEO, Kasamapat Vithanwattana.
Bitcoin , An eight-step guide to the cryptocurrency , BBC
Bitcoin: What is it and how do you use it? - BBC Bitesize An eight-step guide to the cryptocurrency ( 1-8 )
-- 3. Is it still being used, and where can you use it?
Bitcoin is still used and is very actively traded on cryptocurrency exchanges, which allow users to swap ‘ordinary’ money like pounds for bitcoins.
To use Bitcoin, the first step is to create a wallet (which can be online, a mobile app, or, for higher security, a hardware device).
This protects the secrets that are used to authorise the movement of bitcoins under your control.
Your wallet will control various ‘addresses’, which, like bank account numbers, can be used to receive bitcoins.
It will also control the secret password that is needed to authorise the sending of bitcoins (technically known as a private key).
If you lose your private key, or it is stolen, you effectively lose control over your bitcoins, a bit like if someone found out your PIN number.
Bitcoin: Newport man's plea to find £210m hard drive in tip - BBC News
A man who threw away a laptop hard drive containing bitcoin he believes is now worth about £210m wants his council to let him search for it in landfill.
James Howells had 7,500 bitcoins, a virtual currency, on the hard drive, which he mistakenly threw away in 2013.
He said he was willing to donate 25% of the value of the bitcoins to his home city of Newport in south Wales - about £52.5m - if he found the hard drive.
Newport council said excavation was not possible under its licensing permit.
Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes - The New York Times
has two guesses left to figure out a password that is worth, as of this week, about $220 million.
The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin.
While the price of Bitcoin dropped sharply on Monday, it is still up more than 50 percent from just a month ago, when it passed its previous all-time high of around $20,000.
From Rotterdam to Amsterdam in 10 minutes with ship : a 4k sailing timelapse
In 2013 vertrok een speciaal transport over water van Rotterdam naar Amsterdam.