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BITCOIN MINING COMPANY CLEANSPARK PRODUCED 312 BTC IN RECENT UPDATE | by heidi mukhtar

صورة
  CleanSpark, a sustainable bitcoin mining company, released its mining production update for the month of May. While bitcoin production marginally increased, operational capacity showed a large improvement from a month-over-month perspective. Currently the company holds 1,523 BTC ($46.1 million) in custody. CleanSpark Inc. (Nasdaq: CLSK), a sustainable bitcoin mining company, has released its mining and production update for last month via a press release sent to Bitcoin Magazine. In the month of May, CleanSpark produced 312 BTC currently valued at $9.4 million and year-to-date (YTD) has produced a total of 1,523 BTC worth $46.1 million. This is slightly up from the previous month’s 311 BTC produced. As of May 31, the company holds 550 BTC worth over $16.6 million in custody and converted 210 BTC at an average price of $32,639 per BTC for overhead. The converted BTC is worth $6.3 million at the time of writing, but generated the company $6.8 million at the time of sale. Currently, the

BITCOIN DEVELOPERS HAVE TECHNICAL EXPERTISE THAT USERS DON’T | by heidi mukhtar

صورة
  Bitcoin is ultimately defined by its users, by the people actually running nodes and enforcing the protocol rules to verify the payments they receive over the network. This is a fundamental and inescapable property of the Bitcoin network, so long as users choose to engage in this activity. This does not however mean that users deeply understand how the protocol works, the different effects that proposed changes would make or the most efficient way on a strictly technical level to handle a problem or improvement. Users absolutely can understand these things if they take the time to do their research and actually learn about the protocol on a strictly technical level, but to assume you as a user understand these things simply because of the reality that users are the ultimate arbiters of how the protocol works based on what software they choose to run is pure hubris. Just because you drive a car does not mean you understand the deep and nuanced engineering trade-offs as well as the eng