The acronym ASIC stands for ‘application-specific integrated circuit’, which is a microchip designed for a particular purpose or task. An ASIC miner is a computer which is designed for...
Inflation in the Eurozone Since the Euro was introduced in 1999, the inflation rate in the EU has been around 2% on average. That is, until the COVID pandemic swept...
Who was Cantillon? Richard Cantillon was a French banker and philosopher. He recognised that fiat money is not neutral, because ‚those individuals and institutions closest to the supply of...
What is meant by mining difficulty? All miners on the Bitcoin network are in a battle to be the first to solve a cryptographic puzzle. The winner can add...
The world is moving at an incredibly fast pace when it comes to new technologies. This has never been more true than with the advances being made with the...
Bitcoin mining may not often be considered to the most ‚glamourous‘ part of the Bitcoin network. However miners play many vital roles in keeping the Bitcoin infrastructure up and...
You may have read articles claiming that Bitcoin’s rising energy consumption will lead to the demise of humanity. The World Economic Forum predicted in 2017 that “in 2020, Bitcoin...
