Family came to visit yesterday and we did a small tour of our house. A few of them were looking at my Avalon nano 3 miner at one point, they were interested and asked me what it was. That was actually the first time someone asked me about it, so I got excited 😄. I told them that it was a small #bitcoin miner, here’s how it went. “So, what does it do?” they asked me… “It’s mining Bitcoin” “So, it notifies you when it’s a right time to buy Bitcoin?” “Nooo… (really thinking how I should say this…) I could explain it to you, but it’s not that simple tbh. In short, it actually mines bitcoin, it’s a kind of computer that tries to solve complex calculations and if all goes well, it actually creates bitcoin in a way” At that point I already lost them I think 😅 “And do you own Bitcoin?” “Yep I do” “1 Bitcoin?!” “Noo haha that’d be insane 😅” “It’s a good time to buy some now I’ve heard, the price has dipped a little. How much is one Bitcoin at this moment?” “Around € 90.000 I believe, so yeah, it’s quite a lot of money tbh” I’m happy that I’ve had that small conversation about Bitcoin but at the same time it kinda struck me that people have no idea how Bitcoin works and what it actually is. Really made me think tbh. I’m glad they didn’t see my S9 at that point 😂 #bitcoin #studybitcoin #canaan #avalon #avalonnano3 #bitcoinminer #bitcoinmining

#Bitcoin prices have dropped, but since we are currently considering additional investments in ASIC miners, a bit of an adjustment works perfectly for us. #BitcoinMining #Bitcoin #BTC #RaiLai nostr:nevent1qqszj4ly2lcp7fhvsnt5q0cxygck3z6fgy93ahknmpzyqrg6wtrkr4gpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqg8s3ngw

Since I’m new to #nostr, I am still looking for people to #follow. Who are some absolute MUST FOLLOWS out there that I need to support? #bitcoin #btc #bitcoinmining #plebchain #growstr #networking

Bitcoin's #MiningDifficulty has hit a new all-time high of 108.52T. It’s starting to feel like a game of chicken. Unless you strongly believe that #Bitcoin's price will rise further, it’s hard to justify investing in #BitcoinMining with difficulty increasing at this pace. nostr:nevent1qqs8vt069nchjh0xuwz66y4yjpfhxysnlkj9k0vcmkkn2pcrn3qmpfgpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqglf3pgt

Hello! #Bitcoin price is up +1.4% in USD 📈 and +2.2% in JPY 📈 due to the weakening yen. A lot of people say, 'Bitcoin is too volatile, it’s scary,' but on days like today, I’ve started saying, 'The Japanese yen is a pretty volatile and scary currency, don’t you think?' #Bitcoin #BTC #RaiLai #BitcoinMining nostr:nevent1qqsyf36x3yerwg9pl3mqxspu9e6twzmgv4n5wk94nt7hd2phdwenmngpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrl3qcur830d2d73vdxa07x68uh8mf43l5f8pmvzetzs568dlwrl5psgqqqqqqsexy24q

Hello! Just landed in Japan. Got on the plane this morning, and by the time I landed and checked my phone, #Bitcoin had shot past $100,000—what a surprise! This morning’s price already feels like ancient history. #BitcoinMining #BTC (P.S. The hash rate data is wrong.) nostr:nevent1qqsqemhpsjq4928tnldtg9vsvt9eap3fpt2n7qt4gwlxlpueyccqr0spy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqg6srzr0

In 4 hours, the #MiningDifficulty will adjust by just under +2% (source: mempool.space). With ASIC miners like the Antminer S21 Pro becoming harder to find, we should brace for further increases in mining difficulty. #Bitcoin #BTC #BitcoinMining #RaiLai

Hello. Today's #hashrate data is clearly an error. I’m considering changing the data provider. Please bear with me in the meantime. The current hash rate is 736 EH/s. #Bitcoin #BTC #BitcoinMining #RaiLai nostr:nevent1qqspmcza97vh8kvuzq6gnezxlkd70emfgx734dyeueh0hsu877xvl6cpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqg2kt6eu

Hello! The #hashrate is finally stabilizing, and it looks like the upcoming #MiningDifficulty adjustment will be a small one according to mempool.space. Feeling so much more at ease heading into the weekend! #Bitcoin #BTC #BitcoinMining #RaiLai nostr:nevent1qqsxvdh534xc8779gqe0mdquccd7x3pe2tah86rqrrmqj0r66nt7r3gpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqgvr6uy7

Good morning. The #hashrate is low again. I’ll reach out to the data provider, @CoinMarketCap, to ask why we keep getting low readings. According to @coinwarz, the current hashrate is 705 EH/s, and the mining difficulty adjustment in 5 days is projected to be +3.81% (@mempool). #Bitcoin #BitcoinMining #RaiLai nostr:nevent1qqsva3c8t3a49c55lh872h00ta69cqa0kf9gc6dnvpuur00lxvqtvmqpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqgnem6r9

Good morning. #Bitcoin’s price has dropped a bit, and honestly, this is a relief for those of us in #BitcoinMining. Rapid price spikes lead to higher miner prices and fewer available hosting locations, which is its a kind of headache. #BTC #Hashrate #RaiLai nostr:nevent1qqsd7t4sv9pqm8jc5qrk6q4fvrdse50wdrgdq6y5fzt2taahqsvrqjqpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqg85ywrj

🌍 Is #BitcoinMining in Ethiopia a risk or an opportunity? Check out Part 2 of our series of articles on #Bitcoin mining Ethiopia! 🔗 Rai Lai Blog https://rai-lai.com/en/blogs/blog/bitcoin-mining-in-ethiopia-risk-or-opportunity-2 With the massive increase in electricity supply from one of the world’s largest hydroelectric plants, the Grand Ethiopian Renaissance Dam (GERD), and the rapidly growing power demand, could Ethiopia become an ideal location for Bitcoin mining? We dive into the analysis, including future dam construction plans. #BTC #Ethiopia #RaiLai

Bitcoin Mining in Ethiopia: Risk or Opportunity? Based on insights from my on-site visit, I explored the potential and challenges of #BitcoinMining in #Ethiopia. Full details are in the blog!👇 This is the first of a 4-part report. 🌍 Link: rai-lai.com/en/blogs/blog/… #Bitcoin #btc

Yesterday’s #hashrate data either picked up an unusually low reading or had an error, which is why today’s change shows over 100%. In reality, it’s just flat compared to yesterday’s actual level. The mining difficulty is still expected to increase by around 9% in 9 days... #MiningDifficulty #Bitcoin #BTC #BitcoinMining nostr:nevent1qqs0yz748wnzh8y5f0l4p0zwktgx2k80qjjeaymx6j48j5ngs5lpjfcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs8lzp3cx0z765mazc6d6lud50ew0kntrlgjwrkc9jk9pf5wm7u8lgrqsqqqqqpa5rrpg

Good evening. I’m back in Asia. Looking at the weekly summary, it’s clear how significant #Bitcoin ’s movements have been. Having spent time in inflation-stricken Ethiopia, I felt the value of Bitcoin even more strongly. #BitcoinMining #RaiLai nostr:nevent1qqsx39d60kka5tlq74v4vwlx2qt6pskdmcrtw9f5gjw6wy3rtwq4mlgpy9mhxue69uhhyetvv9uj66ns9ehx7um5wgh8w6tjv4jxuet59e48qtczyplcsvwpnchk4xlgkxnwhlrdr7tna56cl6ynsakpv43g2drklhpl6qcyqqqqqqgrzvf8w

Good morning! After finishing my visit to #BitcoinMining sites in #Ethiopia, I’m now heading back home via Saudi Arabia. I’ll share more details later. The hash rate has dropped below 600 EH/s and seems to be stabilizing. According to mempool.space, #MiningDifficulty is also expected to decrease by 0.59%! #Bitcoin #BTC nostr:nevent1qqsv7y9gjvd7nfayxn7ctzty750hfjqyrx82f4ur7wjtwjyzudnf72gpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs8lzp3cx0z765mazc6d6lud50ew0kntrlgjwrkc9jk9pf5wm7u8lgrqsqqqqqpsptmmr

Hello! The #hashrate increase is within the usual daily range. With recent price trends, more bullish miners are likely to jump in, so we probably need to expect #miningdifficulty to rise even more. Heading off to Addis Ababa in Ethiopia now. #BTC #BitcoinMining #RaiLai nostr:nevent1qqszy22ndy8p2v28s7e37av98e4jh236s5zygzufjzrv3p3gjta5cecpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs8lzp3cx0z765mazc6d6lud50ew0kntrlgjwrkc9jk9pf5wm7u8lgrqsqqqqqpsm6vng