Have a programmer who says he can write a bot to get me 5% daily profit, seems to good to be true right? If so it means I could be a whole coiner by the end of the month
I understand the reasoning behind an air gapped hardware wallet, but is there still the same security concerns of an android phone that has the software wallet but doesn’t get used to surf the web and doesn’t download other wallets
My partner saw me reading @RobW000 Miners Almanac and questioned why I was so interested in Mining and Bitcoin in general. I told her it will either be generational wealth that transforms our children’s lives for ever teaching them financial responsibility OR It is a fluke but it leaves them with the idea of stepping away from the status quo and that there are better ways to do things. That trusting in the government for our best interests is not always the best way
Someone help me understand Bitcoin mining a little more clearly: is it proof of work specifically or the SHA256 algorithm that determines the difficulty of blocks are generated too quickly?
Also difficulty will increase over time as machines get more efficient correct?
Explaining to someone that running a miner for bitcoin isn’t about the price/profit now but the the idea of stacking as many sats for down the road as I can