The available supply of fiat currencies rises and falls under the watchful eyes of national central banks, but the total supply of Bitcoin is fixed and immutable. There will only ever be 21 million Bitcoin. Presently, more than 19 million Bitcoins have already been mined, leaving under 2 million left to be created. The Bitcoin […]
Continue ReadingHow to Mine Bitcoin
What is Bitcoin mining? Bitcoin mining explained Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s public ledger, which is called a blockchain. It is a crucial component of the Bitcoin network as it solves the so-called “double-spend problem.” The double-spend problem refers to the issue of needing to […]
Continue ReadingWhat Is Bitcoin And How Does It Work?
Not only is Bitcoin (BTC) the first cryptocurrency, but it’s also the best known of the more than 19,000 cryptocurrencies in existence today. Financial media eagerly covers each new dramatic high and stomach-churning decline, making Bitcoin an inescapable part of the landscape. While the wild volatility might produce great headlines, it hardly makes Bitcoin the […]
Continue ReadingWhat is Solo Mining and How Does it Work?
What is solo mining? Solo mining is an attempt to confirm blocks of transactions on the blockchain alone, as an individual miner. In other words, solo mining is a way of mining cryptocurrencies without pools. Pools are groups of miners that act as a single miner on the blockchain. By doing that, the miners make […]
Continue ReadingHow to Keep Your ASIC Miner Safe in Extremely Low-Temperature Conditions
Maintaining the safety and efficiency of your ASIC miner is paramount. This becomes even more critical when operating in extremely low-temperature conditions. Cold climates can present unique challenges to Bitcoin miners, including reduced hash rate and potential damage to the hardware. However, with the right knowledge and strategies, you can successfully run your mining operations […]
Continue ReadingMortgage Rates Hit 7.23%
Mortgage rates pushed to a fresh two-decade high this week, making it tougher for the housing market to emerge from its stark slowdown. The average 30-year fixed mortgage came with an interest rate of 7.23%, according to data published Thursday by Freddie Mac. Some borrowers are paying even loftier rates. The rate was 7.09% a […]
Continue ReadingJobless Claims Drop
Jobless claims drop to 3-week low of 230,000. Still no sign of rising U.S. layoffs. The numbers: The number of Americans who applied for unemployment benefits last week fell by 10,000 to a three-week low of 230,000, offering further evidence that the labor market remains rock solid. New jobless claims slipped from a revised […]
Continue ReadingFarmers Insurance Pulls Out of Florida
Farmers Insurance pulls out of Florida, affecting 100,000 policyholders Farmers Insurance will stop offering its policies in Florida, including home, auto and umbrella policies, in a change that will force thousands of people to change their insurance provider. The company said in a statement that its decision to get out of Florida was a business […]
Continue ReadingMoving From California to Texas
A move from California to Texas could save a million dollars. Many Americans are opting in. The exodus of people from California to Texas is picking up steam. In 2021, it was the most popular interstate move in the country, with 111,000 people – or 300 people a day – headed to the Lone Star […]
Continue ReadingBancorp Unit to Buy Signature Bank Assets
New York Community Bancorp unit to buy Signature Bank assets – FDIC A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank, which was closed a week ago. The Federal Deposit Insurance Corporation (FDIC) said the deal would see the […]
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