Bitcoin's hash rate hit an all time high 500 exahashes/s this month.
To highlight the enormity of this number:
- For every star in our galaxy, the Bitcoin network is calculating 5 billion computations per second.
- It would take ~2000 years for the entire global population, each performing one hash/second, to match the Bitcoin network's hash rate.
- The Bitcoin network performs ~67 times more hashes per second than there are grains of sand on Earth.
- By number of raw operations/second, Bitcoin is ~500x more performant than the world's most powerful supercomputer.
Yet, there are skeptics out there that still believe "bitcoin is backed by nothing".
So $frc was worth over US$60billion and is now a bagel.
What is the cumulative market cap of the remaining financial companies equity globally? Over US$10trillion easy.
And those stock investors would be wise to move that exposure into #bitcoin.
Don’t overthink the Fiat ponzi.
Crypto is changing how games raise money.
An initial game offering is a crowdfunding approach for video games. IGOs lower the barrier to entry for participating retail investors and grants them the opportunity to secure in-game assets. https://t.co/g2tPHJ9fuf
California Governor Newsom rethinking closure of Diablo Canyon nuclear plant, as application deadline for federal infrastructure funds nears.
“Some would say it’s the righteous and right climate decision,” Newsom said.
https://t.co/fEtLKhMEOp
The @SpaceX Dragon Endeavour with four @Axiom_Space astronauts is holding 20 meters away from the station as the station crew works a video routing issue. https://t.co/yuOTrYN8CV
#bitcoin monthly RSI is 66. In other markets RSI is between 30 and 70. But with bitcoin it is different: RSI in range 45-100. So what's next, green bottom (a la 2014 and 2018) or green top (a la 2011)? One thing is sure, this cycle is different.