• Bitcoin mining is becoming more centralized, with two mining pools controlling 52% of the global hash rate.
• Mining pools are servers that unite miners from different areas to combine their computing resources and increase their chances of winning the proof-of-work competition.
• Despite this centralization, many still believe in a future where anyone can mine using household appliances or wearable devices.

Centralization Of Bitcoin Mining

Recent data shows that Foundry USA coordinated 34% of the global hash rate and Antpool’s share was 18.2%. These two mining pools together account for over half of Bitcoin’s computational power. This centralization has been called out by well-known Bitcoin developer Peter Todd who warned that it could lead to censorship and regulation.

What Is Pool Mining?

Pool mining is a method miners use to increase their chances of success when competing for block rewards in a proof-of-work competition. It involves joining together computing resources from multiple miners located around the world and combining them as if they were one team participating in the competition to win rewards more frequently than an individual miner would be able to do on its own.

Benefits Of Pool Mining

Pool mining provides very tangible benefits for miners, especially those operating large-scale operations, such as access to more frequent rewards which allows them to cover electricity costs and any loans taken out to purchase hardware or other expenses related to running a successful operation. Additionally, pooling resources also helps small miners compete against larger ones since all participants benefit proportionally according to their contribution in computing power.

The Future Of Mining

Despite this current trend towards centralization, many Bitcoiners still hope for a future where anyone can mine using household appliances or wearable devices equipped with specialized microchips. While this might not be so far from reality, we are still in Bitcoin’s genesis chapter and must take these trends into account before making any predictions about what lies ahead.

Conclusion

To conclude, while pool mining offers significant advantages for miners today — allowing them access to more frequent rewards — it is important that we remain aware of the implications of such centralization on the industry as a whole. Moving forward, further research should be conducted into solutions which allow individuals and smaller operations access to better technology so that they can compete with larger players on an equal playing field while also ensuring decentralization remains at the core of cryptocurrency networks like Bitcoin

• Yuga Labs has released their first Bitcoin Ordinals NFT collection, TwelveFold, which consists of 300 generative art pieces.
• The pieces explore the relationship between time, mathematics, and variability and are inscribed onto satoshis on the Bitcoin blockchain.
• Ordinals have made it possible to add images to Bitcoin transactions and have contributed to more than 200,000 inscriptions.

Yuga Labs Introduces First Bitcoin Ordinals NFT Collection

Yuga Labs has released a new 300-piece generative art collection titled “TwelveFold” that will live on the Bitcoin blockchain. The pieces explore the relationship between time, mathematics, and variability in an homage to ordinal inscriptions currently done by hand. This marks Yuga Labs’ entry into the Bitcoin marketplace and could potentially indicate a new perception of Ordinals as a platform for top-level NFT creation.

What is TwelveFold?

TwelveFold is a base 12 art system localized around a 12×12 grid. It includes highly-rendered 3D elements as well as hand-drawn features that serve as an homage to the ordinal inscriptions currently done by hand. This experimental collection aims to illustrate data cartography on the Bitcoin blockchain.

Popularity of Yuga Labs’ Projects

A March 2022 seed round at the height of the NFT craze placed the value of Yuga Labs at $4 billion due to its flagship projects’ immense popularity. The company has quickly ascended to become one of leaders in the NFT market and is now looking towards bringing content such as images, videos, and HTML into bitcoin transactions through Ordinals.

Inscriptions on Bitcoin Blockchain

Ordinals bring content from third parties or centralized databases into immutable decentralized realm of bitcoin transactions – making it possible for users to add images assigned to individual satoshis. In only three weeks since its introduction over 100 000 collectibles were inscribed onto full nodes – now this number stands at more than 200 000 – proving how popular this feature is becoming among users.

Conclusion

Yuga Labs’ entry into bitcoin marketplace with their first “Twelvefold” collection could be seen as an indicator that Ordinals are going towards becoming platforms for highest levels of NFT creation – allowing content such as images, videos and HTML to be included in bitcoin transactions assigned to individual satoshis with high user engagement rate.

• BlueWallet is ending its custodial Lightning wallet service by April 30, 2023.
• Users are requested to remove funds from their BlueWallet custodial Lightning wallets as soon as possible.
• Regular BlueWallet Bitcoin wallets and self-custody Lightning wallets will not be impacted.

BlueWallet Ending Custodial Lightning Wallet Service

BlueWallet, a popular Bitcoin wallet with apps in both the iOS and Android stores, has announced that it will end its custodial Lightning wallet service by April 30, 2023. In a blog post, the company is requesting that users remove funds from their BlueWallet custodial Lightning wallets as soon as possible in order to ensure the security of their funds.

Regular Wallets Not Impacted

It was made clear that regular BlueWallet Bitcoin wallets and self-custody Lightning wallets –– where users connect to their own Lndhub –– will not be impacted by this change. Although creating new or refilling existing Lightening wallets on LndHub node will no longer be possible, users can still access Lndhub as a software and self-hosted solution, able to connect to their own LndHub from BlueWallet or other software that supports the LndHub API specification.

Lndhub Fulfilling Its Purpose

The blog post explains why this decision was made: “Lndhub started as a weekend experiment on a new fringe technology barely used at the time called the Lightning Network,” it reads. “Today, with the availability of more mainstream services offering scalable solutions, Lndhub has fulfilled its purpose in its current form.”

Optimistic Outlook for Future

The post concludes with an optimistic take on the situation: “This may sound like bad news, but this essentially means BlueWallet going forward will only support self-custody solutions,” it states. “This is good for bitcoin and BlueWallet users.”

Conclusion

Overall, while this change may cause inconvenience for some users of BlueWallet’s custodial Lighting wallet service, they can rest assured that regular Bitcoin wallets and self-custody Lighting wallets are still safe and secure within the platform.

• This opinion editorial by Konstantin Rabin discusses the importance of studying traditional investment strategies, such as those found in the Talmud, for their potential application to Bitcoin and other crypto investments.
• The article highlights a particular reading from the Gemara that advises investors to divide their assets into three parts: land, cash on hand, and risky investments.
• The article suggests that real estate is one of the most stable investments and can contribute to wealth preservation.

Traditional Investment Strategies

This is an opinion editorial by Konstantin Rabin, a finance and technology writer. As a huge supporter of all things crypto, and especially Bitcoin, my thoughts often drift to a time before this revolutionary technology appeared on the scene, and I stand in awe of what it is bound to accomplish. I wonder: How would our forefathers have looked at it, and how can we use their teachings, applying the thought of the old thinkers to our modern existence? While the money management strategies that can be found in books from thousands of years ago might seem crude or irrelevant to us today, I have always tried to look past the words on the page and into the meaning behind them to figure out what lessons they might teach us today. One day, while chatting with a friend about this, we considered why Bitcoin might even be backed by Talmudic teachings.

The Start Of An Idea

I’m not a religious person by nature, but it is hard to avoid conversations that stray off into that realm when sitting with some of your Jewish friends who are keen students of the Talmud and all things relating to Judaism. So, one night as I sat with one of these friends of mine, he brought up the Gemara, a component of the Talmud that incorporates investment advice and is often praised for its simplicity and effectiveness. The 63 books of the Gemara serve as a commentary on the Mishnah which in turn serves as first major writings of Jewish oral traditions spanning hundreds of years. The section that my friend was referring to though was reading that goes as follows:
“R Isaac also said: One should always divide his wealth into three parts: (investing) a third in land ,a third in merchandise ,and (keeping) a third ready at hand.”-The Gemara Tractate Baba Mezi’a 42a

Divide Into Three Parts

The idea is that in order invest your money properly you should divide your assets into three equal parts spread equally among land ,cash at hand ,and risky asset .Hence this is what traditional Jewish diversified portfolio would look like :
A Third In Land – Land or if we generalize real estate is one most stabile investment out there .Buying holding onto land or any other type residential commercial real estate has been practice for thousand years just valid todaywith expectation real estate market growing compound annual growth rate 10 .7 % 2022 2031 .Hence keeping portion fund in real estate seems great wealth preservation growth opportunity .

Cash On Hand

Cash at hand means having liquid asset available emergency situation easily converted cash form also known liquidity .Having enough liquid asset cover expenses six month even year wise decision protect against unexpected expense like medical emergency job loss etc .Having emergency fund helps reducing stress levels allowing investor take advantage opportunities arise markets without fear losing important part portfolio because required immediately fund new venture or purchase capital good etc

Risky Asset Investing rest third portfolio riskier option like stock mutual funds ETF cryptocurrency etc help grow wealth overtime volatile trade increase returns however must understand higher return comes higher risk too hence knowledge right allocation risk taking capacity important reach financial goal allocating asset proper mix secure future