Bitcoin Mining with Solar Systems: Is It Worth It?
The article from BTC-ECHO | Bitcoin & Blockchain since 2014 explores the feasibility of using solar power for Bitcoin mining. With over 3.4 million photovoltaic systems feeding into public grids in Germany, many are considering whether this renewable energy source can be effectively used for the energy-intensive process of mining Bitcoins.
Despite a significant reduction in feed-in tariffs, which have dropped to an average monthly payment of €183 as of 2022 (a third less than in 2015), some solo miners still manage to hit jackpots worth around $180,000 by successfully mining blocks. However, under current conditions and with typical household setups, it could take up to 25 years just to mine one Bitcoin.
Ancient Bitcoin Wallet from Satoshi Era Reactivated After 11 Years
A report from Coin Kurier reveals that an ancient Bitcoin wallet dating back to the era when Satoshi Nakamoto was active has been reactivated after being dormant for eleven years. This wallet holds at least 146 BTC valued at over $8.1 million today; these coins were only worth about $80,257 during their last activity period.
This event is part of a larger trend where approximately 1.75 million wallets containing nearly two million BTC have remained inactive for more than a decade but occasionally resurface, causing excitement within the crypto community due to their historical significance and potential market impact.
Crypto News: Solo Miner Confirms Bitcoin Block!
An astonishing feat reported by finanzen.net highlights how a solo miner managed against all odds to confirm a block on the Bitcoin blockchain recently—earning them roughly $181,143 or about three Bitcoins ($BTC). Such occurrences are rare given today's competitive landscape dominated by large-scale operations and pooled resources among miners.
This success story follows another similar incident not long ago where yet another solo miner achieved this improbable milestone twice within close succession—a testament that anything remains possible in cryptocurrency markets despite prevailing challenges like high competition and periodic halvings reducing rewards every four years until potentially exhausting supply limits set till year-2140.
Bitcoin ATM Fraud Cases Increased by 1,000 Percent Since 2020
The alarming rise in fraud cases involving bitcoin ATMs since early 2020 has seen incidents increase tenfold according to reports shared via Coin Kurier citing sources such as wallstreet-online alongside expert commentary including cybersecurity professor Timothy Bates who attributes vulnerabilities to both physical and cyber threats targeting machines dispensing cryptocurrencies akin to traditional cash dispensers. These machines, now becoming lucrative targets for hackers globally, have prompted the Federal Trade Commission to issue warnings acknowledging the heightened risks associated with their usage amid growing popularity and adoption rates worldwide, particularly in regions lacking robust regulatory frameworks and oversight mechanisms to safeguard consumer interests. Addressing these emerging concerns proactively is crucial for mitigating adverse impacts stemming from illicit activities exploiting systemic weaknesses inherent in nascent technologies evolving at a pace that outstrips conventional governance structures' capacity to keep abreast of developments. Ensuring optimal protection for stakeholders involved in transactions is vital for fostering trust and confidence among ecosystem participants, collectively driving innovation forward responsibly and sustainably for the benefit of broader society.
Sources:
- Bitcoin-Mining mit Solaranlage: Lohnt sich das?
- Uralte Bitcoin-Wallet aus Satoshi-Zeiten nach 11 Jahren wieder aktiv
- Krypto News: Solo-Miner bestätigt Bitcoin Block!
- Glassnode berichtet über steigende Bitcoin-Hashrate, ETF-Abflüsse und geringere Anlegerbeteiligung
- Betrugsfälle bei Bitcoin-Automaten seit 2020 um 1.000 Prozent gestiegen
- Nach 11 Jahren: Uralte Bitcoin-Wallet aus Satoshi-Zeiten erwacht
