Decision have to be base on verified information

Sin dudas esta es una situación delicada para la minería, el asunto de la energía en verdad en verdad debe resolverse.

Thanks a lot for sharing your valuable post....
Carry on next 
Best of luck..
I will still wait for your next post....

Bitcoin is forever

It seems to me the battleground is set as the all-out war on cryptos is ramping up. The list of attackers is growing daily. There will be casualties; hopefully not just in the crypto side.

Hey!

I like your post, I will follow you!



Useful information about the day opening price, For all current and future readers.

Today's date 17/03/2018:
Bitcoin: 8509$
Ethereum: 612$
Ripple: 0,70$
Bitcoin Cash: 998$
Litecoin: 168$
NEO: 66$
Cardano: 0,18$
Stellar: 0,24$
EOS: 5,2$
Monero: 220$

Have a good day everyone!

Very valuable post and bitcoin is a fore ever

Hey @lexiconical , this is a great post that will update all Bitcoin fans . Also people should be aware ;
80% OF TOTAL BITCOIN SUPPLY HAVE NOW BEEN MINED;
Only 20% left to be mined .
THERE ARE ONLY 4.2 MILLIONS BITCOINS LEFT TO MINE:
So far, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. When Satoshi Nakamoto introduced the bitcoin protocol to the public by launching the codebase in 2009, the cryptocurrency came with a capped supply. The supply will never be increased and Nakamoto set the number to 21 million bitcoins ever to be found. So far the creator’s plan and miners securing the network have successfully secured this rule from changing with hashpower. Theoretically, however, skeptics believe there could be a way to increase the supply through manipulative tactics such as a 51 percent or Sybil attack. As the digital asset’s life approaches a decade no one has been able to break the rules of 21 million supply cap.
SOLVING THE GENERAL'S PROBLEM :
This has given individuals reason to believe that Satoshi solved one of the hardest computational equations, the Byzantine General’s problem, a security flaw that had plagued computer scientists for decades. Essentially the problem exists with distributed networks as the issue brings certain faults or security flaws making it easy to attack. This, in turn, makes it hard for protocols to prove something because there is an unsolvability proof within the network.
PROOF OF WORK :
With Satoshi’s Proof-of-Work in the original bitcoin protocol, the economic measure makes it difficult to attack by making threats to the network costly, and time-consuming. For the first time ever in the world of digital computing, Satoshi introduced an asset that couldn’t be copied or double spent. And at the same time, he limited the supply which also introduced digital scarcity like no other technology before it.
DIGITAL SCARCITY AND THE NEXT HALVING :
Because there are only 21 million bitcoins the cryptocurrency’s limited availability make the asset harder to acquire the more scarce it becomes. In most cases when an asset is limited and resources are harder to come by, the supply causes demand for the market. The supply of bitcoin shows a significant gap between how many there are and those who want to obtain some. A great majority of bitcoiners believe digital scarcity will make bitcoin more valuable over time, and with 16.8Mn mined so far it will get harder.

In addition to the difficulty in accessibility miners themselves are going to have to up their processing power constantly. In two years or less depending on hashrate speed, the next miner reward halving is approaching. This means instead of miners getting 12.5 BTC for every block they mine they will get 6.25 BTC in two years time. This network consensus agreement of a halving every four years will make bitcoins more difficult to obtain even for the large warehouses all over the world filled with data processors. Every one of them and ASIC technology itself will have to progress for mining operations to continue profiting. Of course, the price per bitcoin should also be higher than the cost to mine the currency as well

If using public utilities becomes a widespread issue, then I guess the alternative (literally) is to give the renewable energy resources a try. Maybe alt coin mining will be the way to make those more cost efficient, more energy efficient, and more streamlined. Get off the grid!

Realizing here that we're talking solar and/or wind farms to generate megawatts of electricity probably, but the only way I see to get away from the government is to decentralize it all.

Or wait it out, until the cities and states who are forward thinking enough are the ones left prospering with a concentration of alt coin mining while the others fall completely apart.

I like the proactive (prevent governmental intervention) myself, but that might not be the most practically achieved.

For future viewers: price of bitcoin at the moment of posting is 8040.50USD

All in all good article, awareness is important it gives us guidance in what direction we need to head next. Just remember, this whole thing is about taking our power back, we cant do that by playing the victim role. Focus on solution not the problem in other words. You may be saying just that and if so excuse me for my preachiness.

Because if it costs the city governments their jobs they will just be replaced by more of the same city government jobs, remember that. Like cutting the tail off a lizard it'll just grow back. The only way to show our sovereignty, is to prove it.

You have a pretty post once I can follow you

Maybe this is the best time to switch to a PoS algorithm?

With China pushing mining out of the country due to the big electricity use, it's no surprise we will continue to see "reasons" to ban mining, like Plattsburgh is claiming. 

I have 3 incredible investments that will address the energy costs of mining and mining capacity anyone reading your blog post may want to check out.

Smart Cool:  They are a small UK company listed on the Toronto stock exchange and over the counter in the US.  They have technology that provides a 30% reduction in cooling costs.  It's best to understand how they are doing this by looking at their website:  https://www.smartcool.net

MGX Minerals:  They are an incredible company with a large land position with prospective oil, lithium and other minerals.  They have a 51% ownership in a tech company with a nano filtration technology that can filter out lithium, gold, silver and other valuables from brine from waste water in the fracking process to deliver clean water for reuse.  They also recently bought a zinc air battery company.  It uses zinc particles as the fuel and never has to be replaced and is completely scalable by increasing the size of the zinc "fuel".  You have to read it to believe it, but it could be answer to storing solar and wind energy.  https://www.mgxminerals.com

Lastly, you have the incredible company HIVE.  It's listed on the Toronto stock exchange and is OTC in the US.  Hive is a company set up to bridge the capital markets with the crypto mining industry.  They are owned 30% by Genesis Mining, the worlds largest crypto miner.  They raise money and hire Genesis to build out crypto mining capacity in low energy cost area with cool climates that minimize the need for cooling (Iceland/Switzerland).  Then they pay Genesis to operate the mining facilities.  They are also able to hold the cryptos they earn from mining and sell them at most opportune time as needed to make further blockchain related investments.  They will have over 44MW of installed mining in place by September and then have annual revenue >$150M with profit margins around 90%.  

I may make a post expanding on this subject and have previously written about Smart Cool and HIVE.  They are both sleeping giants that no one is paying attention too.  

I have high hope that these three companies will be able to support the crypto mining industry.  Already, Smart Cool announced they are aggressively targeting application for crypto mining.

It's weird, silly and counter-productive to try and ban mining as a small entity. I don't know what they think they are achieving other than pricing themselves out of a booming market..

I agree there doesn't seem to be much logic in it other than some kind of underlying jealousy.

Fortunately Bitcoin is self-regulating in profitability. If some miners leave the network because it's no longer profitable, then the remaining miners will receive more of the reward pool thereby increasing the profitability... which will draw in new miners.

Bitcoin forever

good post

I'm sure the people who made that decision still own VCRs and still don't know how to program them. I wouldn't be surprised if they pass a law keeping a register of people who buy pick-axes and shovels so they can track who is mining bitcoin. These old fucks are telling hackers and tech geeks what they can do with their computers? Yeah, that's like a middle school hall monitor telling El Chapo he needs to have a bathroom pass. 
The FBI has some pretty strong positions on file sharing too but I still haven't paid for movies or music since the turn of the century.

Don't worry.  As soon as politicians find out how easy it is to launder money and buy child pornography with bitcoin, they'll be behind it 100%

[According to Fortune magazine](http://fortune.com/2018/03/16/plattsburgh-new-york-bitcoin-mining-ban/) at least, it's only an 18 month moratorium. By then, hopefully someone will pitch a simple cost escalation for miners. Hell, they could hire the proverbial room full of monkeys and they should be able to figure out out. It's just a small NY town (oh yeah, constructive criticism: you never mentioned the state), so if they can't figure it out in a year and a half, screw them ;)

Thats an amaizing post