Category Archives: Allgemein

CleanSpark Set to Expand Hash Rate by 4.5 EH/s with New Mining Site

• CleanSpark announces the start of construction on a 16,000 miner site in Washington, Georgia.
• The expansion is estimated to cost nearly $16 million and is expected to bring the company’s hash rate total to 8.7 EH/s.
• The mining machines will include Antminer S19j Pro and Antminer S19 XP models, which are among the most power-efficient and sustainable bitcoin mining operations available today.

CleanSpark Announces Construction of 16,000 Miner Site

CleanSpark has announced the start of construction on a site in Washington, Georgia set to house 16,000 miners. This could bring the company’s hash rate total to as high as 8.7 EH/s and contribute an additional 2.2 EH/s of hash rate for the company. It is estimated that this expansion will cost nearly $16 million according to CleanSpark’s press release sent out to Bitcoin Magazine.

Mining Machine Fleet

The mining machine fleet at the new phase will consist of Antminer S19j Pro and Antminer S19 XP models which are said to be the newest and most power-efficient models of bitcoin mining machines available today. These machines use mainly low-carbon sources of power and employ newest generation tech making them some of the most power-efficient and sustainable bitcoin mining operations available today.

Growth & Expansion

Despite significant downturns in the mining industry recently, CleanSpark has managed rapid growth from 2.1 EH/s in January 2022 up to 6.2 EH/s in December 2022 due to its expansion plans alongside another site buildout in Sandersville, Georgia planned for later this year.

Company Comments

Commenting on their acquisition of this new site Zach Bradford, CleanSpark CEO stated “When we purchased the Washington site in August we were confident about our ability to quickly expand adding this 50MW infrastructure”. Scott Garrison Vice President of Business Development added “We are looking forward to expanding our relationship with The Washington City community and being able to support construction jobs that come with this expansion”.

Conclusion

This exciting news from CleanSpark shows just how rapidly they have been able expand their operations despite recent downturns in industry trends – it’ll be interesting too see how far they can go!

Managing Technology Addiction: Taking Steps to Find Balance in the Age of Social Media

• Mark Maraia, a professional development author and Bitcoin researcher, has been studying Bitcoin since 2020 and has noticed the vibrant community on Twitter, which he calls “Bitcoin Twitter.”
• Marty Bent and Ryan Breslow, CEO of BOLT, discussed on a recent “TFTC” podcast episode the addiction to technology, particularly Twitter.
• Breslow encouraged taking steps towards managing the addiction, and Maraia himself has found a compromise by joining Telegram instead.

Since I began studying Bitcoin in 2020, I have noticed a strong, vibrant community on Twitter that I have come to refer to as “Bitcoin Twitter.” This online country is one that I have not been a part of, as I have had a Twitter account since 2009 but have never found it to be a good use of my time. As a Boomer, I see social media as a huge time and productivity drain and possibly the worst addiction of our age.

Recently, Marty Bent, host of the podcast “TFTC”, and Ryan Breslow, CEO of BOLT, discussed the addiction to technology, particularly Twitter, that so many of us have. Bent admitted to his own addiction, but noted he had not done much to break it, while Breslow had. Breslow detailed how checking Twitter randomly and often was a source of dopamine, and he acknowledged that with no silver bullet for dealing with it, it was a daily challenge for him to manage his own time on the platform.

Being that I am not on Twitter, I can easily feel excluded from the “Bitcoin Twitter” community. I may have great ideas to contribute, but they will not be heard unless I become more active on the platform. To compromise, I have joined Telegram, which has been the perfect middle ground for me.

Breslow’s advice is something that many of us should take to heart, as it is so easy to become addicted to something that is “always available, one button away.” We should all strive to find a way to manage our addiction, not just to Twitter but to technology as a whole. It is possible to find a balance, as I have done by joining Telegram, and there are many other alternatives that we should explore.

Altcoins Fail, Bitcoin Thrives: A Look at Crypto’s Fast-Changing Landscape

• CoinKickoff recently released a report that outlines the failure of various altcoin projects and the success of Bitcoin.
• 91% of the coins that were present for the 2014 cryptocurrency market crash are now entirely abandoned. 2018 was the deadliest year for cryptocurrency with 751 coins becoming defunct.
• Bitcoin has remained strong and has seen continual growth. Hash rate is now up to 270 EH/s, more than 1 million addresses hold 1 bitcoin or greater, and $14 trillion in annual transaction volume has been carried over the Bitcoin network.

The cryptocurrency landscape has changed drastically since its inception in 2009. The most notable success story has been Bitcoin, which has remained the dominant currency since its creation. On the other hand, the majority of altcoin projects have failed, as demonstrated in a recent CoinKickoff report.

CoinKickoff’s data shows that 91% of the coins that were present for the 2014 cryptocurrency market crash are now entirely abandoned. Interestingly, 2017 saw the most coins created, with 704 now-dead coins. 2018 was the deadliest year for cryptocurrency, however, with 751 coins becoming defunct. Reasons for failure included being a scam, being a joke or having no purpose, being an ICO or short-lived scheme, or simply running out of volume.

In the midst of all this, Bitcoin has remained strong. Its hash rate has continued a steady climb, now up to 270 EH/s according to the Hashrate Index. More than 1 million addresses now hold one bitcoin or greater, and over $14 trillion in annual transaction volume was carried over the Bitcoin network the past year, a 13,900% increase from 2015’s transaction volume. Metrics demonstrate that, aside from the price of bitcoin, the network itself is continually growing, while altcoins which hope to ride on its coattails simply have no longevity. Bitcoin has successfully weathered existential attacks like the Blocksize Wars, further cementing its place as the most successful cryptocurrency project.

Despite the success of Bitcoin and the failure of altcoins, many still believe that the cryptocurrency market is in its early stages. With the right projects, altcoins could still make a lasting impact, though it remains to be seen if any will be able to compete with the success of Bitcoin.

New Symbol for Bitcoin Sats Proposed: Reverse ‘S’ & Vertical Strikethrough

• Arman The Parman proposed a new symbol for Bitcoin sats – a reverse “S” and a vertical strikethrough, which symbolizes the 21 million Bitcoin hard supply cap.
• The symbol is a vertically-reversed or horizontally-reversed dollar sign, representing the anti-dollar or dollar-killer.
• The symbol has received an overwhelmingly positive response from Twitter, with many suggesting that the reverse “S” and strikethrough can represent the first and last letters of “Satoshi.”

Arman The Parman, a passionate Bitcoin educator, recently proposed a new symbol for Bitcoin sats – a reverse “S” and a vertical strikethrough. This symbol symbolizes the 21 million Bitcoin hard supply cap and has been met with an overwhelmingly positive response from the Bitcoin community.

The symbol is a vertically-reversed or horizontally-reversed dollar sign, which is meant to represent the anti-dollar or the dollar-killer. This is a reference to the idea that Bitcoin can one day become the world’s primary currency and replace the US dollar as the world’s reserve currency. It is also a fitting tribute to Bitcoin’s creator, Satoshi Nakamoto, whose pseudonym has been immortalized in the symbol.

The proposed symbol has sparked an interesting discussion among Bitcoiners, many of whom have suggested that the reverse “S” and strikethrough can represent the first and last letters of “Satoshi.” This is an interesting idea and a fitting tribute to the creator of the world’s most popular cryptocurrency. Other suggestions have included an actual “2” instead of an “S”, but this was dismissed as it can look a little messy when written in front of actual numbers, and is unlikely to get as much support.

The response to the proposed symbol has been overwhelmingly positive, with many in the community praising the elegant design and the clever symbolism behind it. There is a very good chance that this symbol could become the universal symbol for Bitcoin sats, and it could become a fundamental part of the Bitcoin community. It is clear that Arman The Parman’s proposed symbol has resonated with Bitcoiners and could become the official symbol for Bitcoin sats.