Bitcoin mining is an incredibly dynamic part of Bitcoin’s ecosystem and functionality. It is a constantly changing landscape that’s shaped by the motivations and strategies of its participants, each characterized by unique incentives and behaviors. Different people obviously have different… Read More »The 3 Types Of Bitcoin Miners
Have you ever wondered if you should buy bitcoin or mine it? Well, you’re not alone because I have found myself asking the same question. In recent months, I have seen increased talk surrounding small-scale mining operations as a means… Read More »Should You Buy Bitcoin Or Mine It?
Bitcoin mining is a complex game of reward and risk, driven by what is probably the most free-market incentive mechanism in the world. In this article, I will go in the game theory of bitcoin mining, examining how individual miners… Read More »Understanding The Game Theory Of Bitcoin Mining