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  MicroStrategy bought bitcoin yet again, the third big purchase in one month. The software company acquired 1,914 BTC for $94.2 million. Saylor’s firm now holds about 124,391 bitcoin, the largest bitcoin holding among corporations worldwide. Software intelligence company MicroStrategy has “bought the dip” yet again, adding 1,914 bitcoin to its holdings at an average price of $49,229 per BTC. The company now holds 124,391 bitcoin, the largest corporate bitcoin holdings besides trusts and exchange-traded funds (ETFs). MicroStrategy said in a Thursday filing with the U.S. Securities and Exchange Commission (SEC) that it had acquired almost two thousand new bitcoin between Dec. 9 and Dec. 29 for $94.2 million. “MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin,” MicroStrategy CEO Michael Saylor twe

  Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines. Marathon had disclosed broad information about its purchase last week when it announced it had entered into an agreement with Bitmain to acquire a record number of bitcoin mining rigs. The company hadn’t disclosed how many miners it had bought or their price at the time but details have now been shared in an SEC filing. The deal will add about 78,000 new Antminer S19 XP miners to Marathon’s fleet and cost $879,060,000. “With this latest purchase of S19 XPs, we will be growing our Bitcoin mining operations to approximately 199,000 total miners and 23.3 EH/s by early 2023,” Marathon CEO, Fred Thiel, said in a statement last week. As per the agreement’s terms, Marathon will receive 13,000 miners

  Africans stand to gain the most from Bitcoin and they are quickly realizing this fact and spreading the word. Most know that our corrupt "leaders" will not embrace the path to prosperity that El Salvador is on, due to their own self-interest. By opting out of the fiat-based legacy financial systems holding us back, we will create the change we want to see. Bitcoiners in Africa are building and actively engaged in this peaceful monetary revolution. Let's explore themes that will ensure more Africans are onboarded to the Bitcoin standard in 2022. TRAIL BLAZERS Orange-pilled Africans are leading the charge toward hyperbitcoinization by building the infrastructure needed to onboard fellow Africans to this idea whose time has come. Ejara founder Nelly Chatue Diop is an inspiration for the world-class platform she is building while empowering women and girls in the continent to be all they can in this new industry. The Ejara wallet is true to the Bitcoin ethos of "not yo

  On Halloween 2008, a month and a half after the Lehman Brothers’ spectacular collapse, Bitcoin started the monetary revolution we’re now seeing. Bitcoin showed that, with technology, different monetary arrangements are possible: Money doesn’t need to be controlled by a government or limited to a sovereign territory. Thirteen years later, and after repeatedly renewing all-time highs despite bans and curses, Bitcoin is here to stay. Perhaps not exactly as the “peer-to-peer electronic cash system” envisioned by Satoshi Nakamoto but neither as a wasteful speculative asset with no social value. Bitcoin can instead be the settlement currency of the world. The potential for Bitcoin to be used as an international payments system has always been there. It brings, in its core, an ironclad decentralized infrastructure that can process and record transactions happening all over the world, aka the Bitcoin blockchain. In about a decade, and without a central authority coordinating efforts, channel

  “The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming.” –The Economist, November 2021 For me, this headline sums up the fiat clown world of 2021. For Bitcoiners, “brrr” has summed up the insanity of current monetary policy for a long time, and none of us are surprised in the least to see it culminate in serious inflation. The disconnect between sanity and policy, between truth and propaganda, has never been bigger in my lifetime, than it became in 2021. The importance of Bitcoin has, as a consequence, never been more obvious than right now. 2021 has been the biggest year yet for Bitcoin, as I expect every year in the foreseeable future will continue to be. It has been a year that once again underlined the importance of low time preference, zooming out and having conviction, or “HODL” for short. We started off the year at a $29,000 bitcoin price, rallied up to $64,000, crashed back to $29,000, back up to new all-time highs at $

  “What are we missing?” is the question that Patrick O’Sullivan, our Perth Heat chief bitcoin officer (CBO), and I asked ourselves the most during 2021. As the chief executive of the Perth Heat, Patrick and I orange pilled the organization and worked toward operating on a Bitcoin standard, but we kept falling on the same step. “What are we missing, and why hasn’t another sports team already done this?” we wondered time and again. For Patrick and me, deciding to make the change to a Bitcoin standard was an easy decision. We never felt it was a risky move. In fact, we felt it was the only move we needed to make in 2021. But that doesn’t mean the process was without its challenges. Here’s how, throughout 2021, we made the Perth Heath into the first Bitcoin baseball club in the world. Q1: CONVINCING THE BOARD Patrick’s role as CBO began to formalize during Q1. After successfully orange pilling myself from late 2019 to early 2020, it was clear by then that it was time to start on the organ

  Bitcoin miner TeraWulf signed a deal to purchase 15,000 bitcoin mining rigs from Bitmain Technologies, the company said in a statement Tuesday. TeraWulf has yet to file a Form 8-K with the Securities and Exchange Commission (SEC) detailing the agreement’s terms. “This purchase from Bitmain, which is TeraWulf’s largest order of the next-generation bitcoin mining machines, signifies our close relationship with Bitmain and our ability to procure significant quantities of miners as we grow our operating capacity,” Paul Prager, TeraWulf CEO, said in a statement. “As we prepare to begin mining operations during the next quarter, we remain focused on our mission of generating environmentally sustainable bitcoin at industrial scale.” The agreement lays out a monthly delivery of 2,500 machines from July to December of next year. TeraWulf said it expects to have 800 megawatts (MW) of power dedicated to bitcoin mining by 2025, enabling a theoretical output of 23 exahashes per second (EH/s). Ear

  The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001” (BUIP001) — is to hand control of Bitcoin’s block size limit to users and miners. Or perhaps, more accurately, to make this control more explicit and easier to handle. However, this control does come at the expense of Bitcoin’s strong and automated consensus mechanism. With BUIP001, there is a number of scenarios in which different users end up on different chains — either temporarily or permanently. AARON VAN WIRDUM Technical - How Bitcoin Unlimited Users May End Up on Different Blockchains Bitcoin Unlimited, one of the Bitcoin Core software forks introduced in late 2015, garnered much attention in recent months. The project gained hash power support from several new Bitcoin mining pools, including ViaBTC, GBMiners and BTC.TOP, while node adoption appears to be on the rise as well. The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001”

  Recently, Ars Technica published an article from staff writer and environmental science PhD Tim de Chant, aiming to rebut Texas Senator Ted Cruz’s comments from the Texas Blockchain Summit earlier this month. De Chant took issue with the following statement from Cruz: “Because of the ability of bitcoin mining to turn on or off instantaneously, if you have a moment where you have a power shortage or a power crisis, whether it’s a freeze or some other natural disaster where power generation capacity goes down, that creates the capacity to instantaneously shift that energy to put it back on the grid.” De Chant offered a number of responses, but generally seems to misunderstand the substance of Senator Cruz’s point. Additionally, he made a significant mathematical error (later retracted) that called into question his literacy on Bitcoin mining. But first, it’s worth quoting Cruz in full, as the intent of his claims are lost without the full context. We have included a transcript excerpt

  Preface: All human action stems from the desire to increase our supply of accessible energy reserves. Humans act to transform energy from inaccessible to accessible. We seek to acquire energy reserves to provide security for an unpredictable future. The more energy reserves we have access to the higher the likelihood we are able to survive periods of stress or hardship. If our main goal is increasing energy reserves then this can be the lens through which we view all human action. Knowing the end game provides clarity on the value of every action. The simple question that needs to be asked before any action is the following: If we commit “X” amount of energy to producing “Y” result, will we have access to more energy in the future or less? The more energy output for the less energy input, the higher the value of an action to the individual and to the group. With that basic understanding we can now direct our attention to professional sports and the question of why they exist in the f

  You’re probably reading this article on Bitcoin Magazine, so I assume you already know what Bitcoin mining is. But if you need a refresher, have a read through here. WHY SHOULD I MINE BITCOIN? As for the “why” of Bitcoin mining, there are plenty of reasons. The most obvious reason is that you’ll earn bitcoin. For the privacy enthusiasts, it is worth mentioning that this bitcoin is KYC-free. But you’re already able to get bitcoin, whether that be by clicking the Fold wheel or using your BlockFi credit card, or buying some on your favorite exchange. The difference with mining is, if you’re doing it right, you’re getting these satoshis below market price. Maybe that’s the most obvious reason to mine Bitcoin. It can be very profitable. If you were moved by Jack Maller saying that he would die on this hill, you might be looking for a way to do your part. Plebs, like you and me, can get involved by mining Bitcoin. If you’ve been around long enough, you’re familiar with the old “51% attack.