Bitcoin Reddit

More / Bitcoin Reddit - 2 years ago

How much electricity is needed to mine 1 Bitcoin?

???? How much electricity is needed to mine 1 Bitcoin? ????????โ€โ™‚๏ธ As a solo miner, an average of 266,000 kWh of electricity is required to mine a 1 $BTC. This process spans about 7 years, with a monthly electricity consumption of around 143 kWh. Rea...

More / Bitcoin Reddit - 2 years ago

Normal Fee?!?!

I want to set a buy order on Kraken (at a specified lower price) using my credit card. For a $5000 order of btc the fee is $258 - thats 5% fee - is that normal?!?! Seems rather high. Is there a way to lower the fee? submitted by /u/Huma...

More / Bitcoin Reddit - 2 years ago

YOPHO - You only paper-hands once

I paper-handed my entire stash of 50 BTC @ $15, at a loss. Then about two years later, I got back into it @ $1000 Give people time, if they buy into it and get burned, they'll wake up again in the future. submitted by /u/jack_murray...

More / Bitcoin Reddit - 2 years ago

Best rates for BTC purchase in Canada?

I'm looking for advice on which exchange offers the best rates for purchasing Bitcoin in Canada. I will withdraw the BTC to my cold wallet immediately after purchase. Any advice is appreciated! submitted by /u/BTCStandard [link] &...

More / Bitcoin Reddit - 2 years ago

Zero Principles: How Crypto Betrayed Bitcoin

Weโ€™re producing a Bitcoin documentary series, & we need your help to get it off the ground! Zero Principles: How Crypto Betrayed Bitcoin compares bitcoin with other cryptocurrencies to illustrate what makes it righteous & unique. https:...

More / Bitcoin Reddit - 2 years ago

New difficulty record at block 804,384 today!

Average hashrate over the last 2016 blocks was 397 EH/s. Back when China "banned bitcoin" the hashrate peaked at 179 EH/s in May of 2021. Hashrate dropped temporarily to 98 EH/s and has done a 4x since then. 1000/s EH will happen in next t...