Credit - @Nihal 👌🏻👌🏻

We celebrated Bitcoin Halving from India🥰 https://www.youtube.com/live/G_n3FZx9k9s?

SATS ARE MORE VALUABLE NOW🎉

Very good question and necessary for beginners to understand. -First of all you need to understand that mining reward is not the security budget of Bitcoin Network. It is the “Reward” for mining blocks, awarded by Bitcoin Node Runners, currently 19,000 nodes running around the world on a simple $300 computer. -Nodes have not employed miners to secure the Bitcoin Network. Miners are joining the network out of their own greed and spending electricity because Bitcoin network is giving Bitcoin reward every 10 minutes to solve a block. And that reward is getting halved at every 4 years and still network is growing that shows that people are interested to run the miners and profiting from it and expanding the mining infrastructure. Current hash rate is ~600 Billion Billion hash/s, this HashRate is growing 160% annually for the last 10 years. This computing network is running on roughly 20-25 GW of energy. 60-70% of these are renewables and wasted energy. So clearly miners are making more money, otherwise they will stop mining blocks. Some of the inefficient miners will have to turn off their machine because of less reward, it will decrease the selling pressure and Bitcoin price will increase. So there is not hope that Price will increase. Value of Bitcoin will increase because of the economical & game theoretical design of the “Bitcoin”. It will keep becoming valuable to other assets because network is able to enforce strict supply in a permission-less and censorship resistant manner. Bitcoin will keep growing. Let me know if you have any questions. View quoted note →

1.3125 Million Bitcoin will be issued in the next 115 years. That's only 6.25% of the current supply. No one can imagine the magnitude of this thing. We have entered into Golden Age. There is lot to be build, I feel extremely happy that people are working and building for freedom money. Future looks bright. God bless you all.❤️

Happy Independence Day in Advance. #BitcoinHalving

3.125 🚀🚀🚀

Tomorrow #Bitcoin  overtakes Gold after 7,000 years to become the hardest money to create man has ever discovered. LET’S GOOOOOO!!

144 BLOCKS REMAINING. Halving is only 24 hours away. Let’s go Bitcoin

Bitcoin scaling and Open Source development funding with @Basanta Goswami On @SatSang BItcoin

Bitcoin is beautiful.

Bitcoin India is thriving.🚀🚀 View quoted note →

Miners are earning average 1.5 - 2 BTC in fees per block for the last few blocks. If fees remain same after the halving, fees would contribute 47% of the total block rewards. Halving impact getting lesser and lesser.

SatSang Bitcoin live at 12:45 UTC #bitcoin #nostr #india

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SatSang

SatSang is a Discussion of Bitcoiners, For Bitcoiners, by Bitcoiners. The primary Language is English. We love Open, Free & Neutral society and W...

That's why I love NOSTR, Checkout the link below. https://www.nos.social/creator-residency

Remember that 1 BTC = 1 BTC & 1 SAT = 1 SAT. Every sat is fungible. There is no rare or unique sat. Ordinals people are absolute dumb, sorry.

👀

Do not let these evil people win. Decentralisation is the reason why they can’t kill BITCOIN. AS LONG AS IT IS AFFORDABLE TO RUN A NODE, FREEDOM WILL WIN. View quoted note →

Guys, Brace Yourselves. They are coming for Bitcoin Node Runners.

GOOD MORNING NOSTR. FIGHT FOR YOUR FREEDOM.