Hey, #Lumerians! 🩵
Just a quick reminder about the ongoing Lumerin Sticker Pack Contest for Telegram. Don't miss out on this chance to showcase your creativity!
📅 Now till Jan 31st, 2024
🎁 $300 in LMR
How to participate ⤵️
https://t.co/aeneiY1r5h
💡 Debunking 6 Big Bitcoin Myths 💡
1️⃣ Myth - #Bitcoin is a bubble 📉
Real Story - Bitcoin's price cycles are expected, not a bubble. It has endured and recovered through multiple cycles, unlike historical bubbles. Understanding its technology helps put its market fluctuations in context.
2️⃣ Myth - Bitcoin has no real-world uses 🌎
Real Story - #BTC is more than a speculative asset. It serves as a global, #decentralized means of payment and has earned the «digital gold» moniker for its role as an inflation-resistant store of value. Major funds and companies see it as a strategic asset.
3️⃣ Myth - Bitcoin lacks real value 💰
Real Story - Bitcoin's scarcity (only 21 million will ever exist) and predictable #halving events contribute to its value. Unlike fiat currencies, Bitcoin isn't subject to inflation caused by arbitrary increases in supply. Its hard-coded scarcity enhances its store-of-value properties.
4️⃣ Myth - Bitcoin will be replaced by a competitor 🚀
Real Story - While numerous crypto have emerged, Bitcoin remains the most valuable by market cap. Its decentralized nature and strong community support contribute to its resilience. Competition is welcome, but surpassing Bitcoin's dominance remains a significant challenge.
5️⃣ Myth - Bitcoin isn't secure 🔒
Real Story - The Bitcoin network has never been hacked. Security concerns often stem from third-party services rather than the core protocol. With widespread global miner distribution, Bitcoin's decentralized structure ensures robust security and trustless peer-to-peer transactions.
6️⃣ Myth - Bitcoin is bad for the environment 🌍
Real Story - Bitcoin #mining is energy-intensive, but its environmental impact is nuanced. A significant portion of mining relies on renewable energy sources. Economic incentives may even drive innovation in sustainable energy as miners seek cost-effective solutions.
🔍 #Bitcoin Mining Update 📈🔗
🚀 Since New Year's Eve, hashprice has dropped 16.4% from $99.50/PH/day to $83/PH/day. This comes after Q4-2023 with a record-high average hashprice of $81/PH/day. 🧵👇
🚀 December 2023 Bitcoin #Mining Update 🚀
📈 #Bitcoin miners hit an all-time monthly high, amassing $1.51 billion in December 2023.
💸 $324.83 million collected in transaction fees, marking a 64.27% YoY growth.
🔥 December's onchain fees peak at $40/transaction, with an average of $37.43 — a year-high!
⛏ Hash Price Surges - On Dec. 17, Bitcoin's hash price hits $133.62/PH/s, surpassing the earlier record of $125.64 in May.
📈 Average fee at 231 sats/vB ($20.86/transaction), median-sized fee at $9.60 per transaction (106.3 sats/vB).
🔗 December 2023 sets a new standard for #BTC miners, highlighting the robust growth in the #crypto space.
What do you think about the record-breaking haul bitcoin miners gathered in December 2023? Share your thoughts and opinions about this subject in the comments section below.
🌟 Meet Hashie, our adventurous mascot from the Lumeverse! 🌌
Hashie's journey is one of exploration and innovation. In his world, buying #hashrate is a breeze with #LMR coins. However, Hashie encountered a challenge – he was unable to find any LMR coins. 😔
Then, something extraordinary happened! A portal transported Hashie into the real world, where he gained the special ability to find LMR coins. 🌀✨
With this new skill, Hashie began gathering LMR coins here. He understood that these coins were crucial for purchasing hashrate back in the #LumerinMarketplace. The only obstacle left was finding a way back. 🤔
Hashie's search led him to a large screen, which was more than it appeared – it was a portal to his own world! 🖥️🌍
Through this gateway, Hashie accessed the Lumerin Marketplace, accessed with contracts and unlimited opportunities for hashrate. He chose a contract, eager to utilize his newly gathered LMR coins. 💻🔗
Now, with every LMR coin Hashie collects in our world, he can effortlessly buy hashrate in the Lumeverse. This is a true connection between worlds, enabled by Lumerin. 🚀
Join Hashie on his adventure and explore the revolutionary possibilities of our Lumerin Marketplace! 🌐
Hey, #Lumerians! 🩵
🎊Great news! We have successfully paid out all the prizes for our Christmas meme competition and Lumerin T-shirt design campaign. Big congratulations to all our winners!
🙏 Heartfelt thanks to everyone for their active participation and support. Keep an eye out for upcoming events in the new year!
#Bitcoin#miners earned $9.97M in 24 hours, thanks to inscription-based transfers! This surpasses the previous high of $7.21M in May 2023
With over 48.75M ordinal inscriptions and 61% of all #BTC transactions being inscription-related on Dec 16, 2023! 💎
https://t.co/fxAmuVRg9g
🎄 Lumerin Christmas Meme Contest Announcement 🎅
Hey, #Lumerians! 🩵
We are excited to announce the Lumerin Christmas Meme Contest! We’re looking for memes that blend the Christmas spirit with the innovative world of Lumerin Protocol.
📅 Dates: Dec 12-23, 2023
🎁 Contest Rules:
1. Submissions must be your own original work.
2. Memes should creatively combine elements of Christmas with the Lumerin Protocol.
🌟 Submission Guidelines:
🔹 Like & RT the original post.
🔹 Share your meme on platform X, tag @HelloLumerin, and use the hashtag #LumerinHolidayDesign.
💰 The six best participants will share a prize pool of $300 in LMR! (Winners will be selected by our team.)
Winners will be announced on Dec 26 on our social media channels.
Let the Christmas spirit inspire your designs!
Hey, #Lumerians! 🩵
We've received 20+ Lumerin Christmas Memes from our community👏
Don't miss your chance to participate in our Christmas campaign.
It's time to get creative with the holiday spirit and the Lumerin Protocol!
⏳ Only 7 DAYS left to participate!
📅 The campaign ends Dec 23!.
🏆 The six best participants will share a prize pool of $300 in LMR!
How to participate⤵️
https://t.co/FPnOg27lUv
🚀 Hashrate Index Roundup - Dec 10, 2023 🚀
✨ #BTC hits $44,500, up 164% YTD!
💰 Hashprice reaches $111.77/PH/day - highest since May!
🔍 Difficulty drops 0.96%, a break in 6 positive adjustments.
⛏ #Mining industry sees relief, breakeven prices rise.
💡 Transaction fees stay high with inscription activities.
📈 Bitcoin's 30-day avg hashrate at a record 489 EH/s!
👀 Looking ahead: More hashrate expected pre-Halving.
🔧 Antminer S21 preorders open at @LuxorTechnology!
#Bitcoin #CryptoMining #Blockchain #Lumerin
🎄 Lumerin Christmas Meme Contest Announcement 🎅
Hey, #Lumerians! 🩵
We are excited to announce the Lumerin Christmas Meme Contest! We’re looking for memes that blend the Christmas spirit with the innovative world of Lumerin Protocol.
📅 Dates: Dec 12-23, 2023
🎁 Contest Rules:
1. Submissions must be your own original work.
2. Memes should creatively combine elements of Christmas with the Lumerin Protocol.
🌟 Submission Guidelines:
🔹 Like & RT the original post.
🔹 Share your meme on platform X, tag @HelloLumerin, and use the hashtag #LumerinHolidayDesign.
💰 The six best participants will share a prize pool of $300 in LMR! (Winners will be selected by our team.)
Winners will be announced on Dec 26 on our social media channels.
Let the Christmas spirit inspire your designs!
🌟 Exciting News, #Lumerians!🩵
Our Co-Founder @ryankcondron is set to speak at @CoinAgenda Caribbean 2023! Don't miss this opportunity to hear his expert insights on the rapidly evolving blockchain industry.
🗓 Mark your calendars: December 11-13, 2023.
📍Antiguo Casino San Juan, Ave. Ponce de León, Esq. Norzagaray, San Juan, 00901 Puerto Rico.
In the next 6 months, we're focusing on enhancing the Lumerin marketplace! Longer contracts with more #hashrate. Plus, we're working towards making bridging costs and gas fees nominal.
#BTC#RWA#Bitcoin
The History of Bitcoin Mining
🌐 #Bitcoin mining began as a novel concept with the launch of Bitcoin in 2009. It's a process that lies at the heart of the decentralized #digital currency, enabling security, functionality, and, of course, the creation of new bitcoins.
👨💻 The mysterious and pseudonymous creator of Bitcoin, Satoshi Nakamoto, introduced #mining as a way to process, verify transactions and maintain the network’s security. It serves as the backbone of the Bitcoin blockchain.
⛏️ Initially, Bitcoin mining was a simple process. Early miners could mine Bitcoins using standard computers, even laptops. The first block, known as the 'Genesis Block' or 'Block 0', was mined by Satoshi, beginning the #blockchain.
🖥️ In the early days, mining was done through #CPUs (Central Processing Units) in simple computers. This period was characterized by its accessibility, as almost anyone with a computer could participate in mining.
📈 As more people joined the mining race, the difficulty of mining new blocks increased. This was due to Bitcoin's unique design, which adjusts mining difficulty to maintain a consistent rate of block creation.
🔄 With rising mining difficulties, miners moved to more powerful Graphics Processing Units (GPUs). These provided a significant boost in mining efficiency and power, leading to the first major leap in mining #technology.
💰 An iconic moment in Bitcoin history was the first real-world transaction using Bitcoin, where 10,000 #BTC were exchanged for two pizzas in 2010. This transaction illustrated the potential of Bitcoin as a transactional currency.
🏭 Today, Bitcoin mining has evolved from a bedroom activity to an industrial-scale operation. Specialized hardware, like #ASIC miners, are now used, and large mining farms have become the norm, contributing significantly to the network's #hashrate.
🌍 Bitcoin mining has not only created a new form of currency but also sparked discussions about energy consumption, #decentralization, and the future of finance.
🚀 As Bitcoin continues to evolve, mining remains a critical component of its ecosystem, shaping the future of digital currencies and blockchain technology.
🌍 New research challenges the idea that #Bitcoin is bad for the planet. It shows how Bitcoin #mining helps with clean energy and keeping the power grid stable.
💡 Experts, including a former ERCOT president, highlight its role in renewable energy integration.
https://t.co/ljWelXI252