BitcoinSpark project's enthusiasm and dedication have made this event a resounding success. We look forward to having you stay with us for more exciting events as we continue to build a better community together! https://bitcoinspark.org/
Monday, August 21, 2023
Solo Mining Post Halving...
I've been contemplating the idea of engaging in solo Bitcoin mining using one of those lottery miners, nothing extravagant, just a modest 1 T/H (terahash) setup.
I'm intrigued by the possibility that the Bitcoin halving event could render many larger mining operations unprofitable. Consequently, this could lead to a significant number of miners discontinuing their mining activities, potentially enhancing the chances of solo miners successfully mining new blocks.
P.S. I'm aware that the odds of finding a block with just 1 T/H are already extremely low. However, I'm simply considering whether the likelihood might increase after the halving event.
Exploring Security and Utilities on Blockchain : Unveiling Tectum
What is Tectum? Tectum is the only Blockchain network to employ proprietary Proof-of-Utility (PoU) Consensus and super-fast Network Protocol. This network is designed for different kinds of purposes like Financial transactions, Gaming, DAPPs, AI and more. And all these can be done with a speed of 1.3 million transactions per second.
Tectum is not only the fastest blockchain in the world, but also the most secure and the most adaptable because it comprises of SoftNote which is the flagship product of Tectum and is positioned as the first transactionless payment system boasting truly instant payment capabilities and a zero-fee policy for the end user.
There are different kinds of a Blockchain network with almost same kinds of utilities But Tectum is Different. Its called the Ultimate Bitcoin layer 2 with different kinds of utilities because PoU protocol optimizes data distribution, and the Network Protocol enables nodes to distribute and validate over 1 Million digital events per second.
Tectum also have an Erc20 token $TET and its plan to serve as the token for fees on the Blockchain later.
How to buy this token? You can buy $TET on Uniswap and Bitget and both exchanges has enough liquidity and volume. You can also get some airdrop on Bitget according to Tectum pinned post on X.
More details here : https://www.coingecko.com/en/coins/tectum
5 Must-Watch Events In Bitcoin And Crypto This Week (x-post from /r/Cryptocurrency)
https://www.reddit.com/r/CryptoCurrency/comments/15x2qsb/5_mustwatch_events_in_bitcoin_and_crypto_this_week/
What is the situation of Bitcoin as a legal tender in El Salvador? (From a Salvadoran)
Hi guys,
I am quite new in this subreddit and I saw everyday people is posting about news from El Salvador.
There are some point that I would like to share from my perspective.
In El Salvador one of the main problems is that we are very behind in tech in general, the population don't like changes.
Honestly the BTC as a legal tender have not been successful as it was expected, for many reasons, I will do a list here:
1. Average Salvadoran earn USD 400 per month: This is one problem since make people only believe in cash, there is a huge percentage of the population that dont even have bank account, therefore for them use "Chivo Wallet" (The wallet founded by the government)
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"Chivo Wallet ATM" at the very beginning didnt have cash, so the people lost the trust they had, since there was always a sense of risk (don't be able to cash out the balance in "Chivo Wallet")
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The population didnt have time to study, and also no one teach how crypto (or at least BTC) works.
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The population in general start to panic after the bull run, since the government purchase very high, and started to decrease the valu day by day (Saying this at the beggining the government gave away for each user $30, therefore the people were tracking everyday their wallet and saw one of the risks of crypto (Volatile) within the first months.
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In El Salvador most of business are not accepting BTC anymore, only a couple located in Bitcoin Beach (El Zonte)
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Recently there are some news about the government teaching kids about BTC, this is a pilot plan, only 2 schools are running the program right now, and it was in rural areas, there are complains from parents, since in rural areas people is agains anything that is not cash.
Of course there is many people in the crypto community in El Salvador, but usually in the crypto events there are only a few salvadoran, most of people that attend to these events are foreigners. Most of people feel it is only for the "elite"
I hope this give you an insight of what we are living right now in El Salvador.
If you have other questions about what is the "real life" in El Salvador, please feel free to ask, I will answer according what I know (No speculation hahahaha)
PS. Sorry for my grammar errors, English is not my first language.
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