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Bob Burnett
Bob Burnett

44 Followers

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Aug 1

Diving Into Mining Pools

Once someone enters the Bitcoin rabbit hole, one of the first things they typically learn about is proof of work and, by extension, mining. These are fundamental aspects of Bitcoin and having a basic understanding of them is crucial to appreciating Bitcoin. Interestingly, many Bitcoiners don’t venture very deeply down…

Bitcoin

9 min read

Diving Into Mining Pools
Diving Into Mining Pools
Bitcoin

9 min read


Nov 26, 2021

The Crucial Role of Wild Horses in Bitcoin Mining

The Crucial Role of Wild Horses in Bitcoin Mining Just over 13 years ago a tsunami was silently and slowly building from the force of Satoshi Nakamoto’s newly released paper “Bitcoin: A Peer-to-Peer Electronic Cash System”. At the time only a handful of cryptography enthusiasts were aware of Bitcoin, and…

Bitcoin

11 min read

Bitcoin

11 min read


Published in

Coinmonks

·Jul 15, 2021

Wayward Block Times and Their Impact on Bitcoin Mining

For those unfamiliar with the business of Bitcoin mining, one of the benefits of mining is a predictable revenue stream — especially for miners who store their wealth in Bitcoin. There are only three variables which determine mining revenue and the first is the percentage of the world’s hashing power…

9 min read

Wayward Block Times and Their Impact on Bitcoin Mining
Wayward Block Times and Their Impact on Bitcoin Mining

9 min read


Published in

Coinmonks

·Jul 3, 2021

The Unforeseen and Tragic Breakup of Bitcoin’s Price and Hash Rate

Whether by choice, fate, betrayal, or tragedy even the closest relationships sometimes come to an end; Romeo and Juliet, Gilmour and Waters (Pink Floyd), Brutus and Caesar, Judas and Jesus Christ. …

Bitcoin

5 min read

The Unforeseen and Tragic Breakup of Bitcoin’s Price and Hash Rate
The Unforeseen and Tragic Breakup of Bitcoin’s Price and Hash Rate
Bitcoin

5 min read


Published in

Coinmonks

·Jul 1, 2021

Cost and Power to Redeploy China’s Bitcoin Mining Industry

Over the past few weeks, the reality of China’s ban on Bitcoin mining industry has hit with full force. This is not a drill, I repeat, this is not a drill! For the first time since the US Prohibition on alcohol, an entire industry is being forced out of a…

Bitcoin Mining

9 min read

Cost and Power to Redeploy China’s Bitcoin Mining Industry
Cost and Power to Redeploy China’s Bitcoin Mining Industry
Bitcoin Mining

9 min read


Published in

Coinmonks

·Jun 28, 2021

Impact of China’s Bitcoin Mining Ban

Over the past several days the most common question received by those of us in the mining business is, “how long until the Chinese miners are back online?” After thinking about this at length and digesting comments from others, I estimate that it will take 12–18 months for most of…

Bitcoin

5 min read

Impact of China’s Bitcoin Mining Ban
Impact of China’s Bitcoin Mining Ban
Bitcoin

5 min read

Bob Burnett

Bob Burnett

44 Followers

Bitcoin Evangelist, CEO of Barefoot Mining and former CTO of Gateway Inc.

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