During an event held in Mexico, Steve Wozniak, co-founder of Apple said that Bitcoin is better than gold. Wozniak, has reiterated his positive stance on Bitcoin despite not being a Bitcoin investor.
Wozniak allegedly referred to Bitcoin as a” technology miracle “and a” unique mathematical formula ” at Talent Land Digital 2021. An important virtual event in Latin America dedicated to technology and innovation. He has been characterized by being a vocal advocate of Bitcoin which he even once called the “only digital gold”.
According to a Thursday report by local news agency El Sol de México, Apple’s co-founder assured that Bitcoin is better than gold. Which means it’s easier to mine Bitcoin blocks than to find and mine gold:
“Gold is limited and must be sought. Bitcoin is the most amazing mathematical miracle. I don’t invest in Bitcoin, but I think it’s here to stay.” Hold.
Many industry players and analysts have referred to Bitcoin as the “digital gold”. As both gold and Bitcoin have a limited supply, so they potentially retain value in the market. While gold is limited by physical supply and mining difficulty, Bitcoin mining is capped at 21 million coins by its source code. Which means there won’t be a single new Bitcoin once the last coin is mined in 2140.
US Bitcoin mining company Gryphon buys 7,200 equipment from Bitmain
Gryphon Digital Mining has signed a purchase agreement with Bitcoin mining equipment manufacturer Bitmain to purchase 7,200 Antminer S19J Pro mining rigs.
According to a statement issued Thursday, the total outlay for the mining inventory amounts to about $ 48 million. As of August 2021, Bitmain will deliver 600 mining rigs to Gryphon each month as part of the deal.
The Antminer S19J Pro is the latest version of Bitmain’s Bitcoin mining hardware to be released this summer. According to the release, each team offers a hash rate of 100 terahashes per second (TH/s). With 7,200 of these machines towed, Gryphon, in theory, will see its hash power increase by a factor of 720 petahash per second (PH / s).
Achieving a hash capacity of 720 PH / s, or 0.72 exahashes per second, will place Gryphon among the top 15 Bitcoin miners. According to the distribution of the hash rate according to the BTC.com. Such a milestone could be an additional achievement for the American Bitcoin miner, as it aims to achieve operations 100% based on renewable energy.
UN commission launches new warning against BTC adoption in El Salvador
The Economic Commission for Latin America and the Caribbean (ECLAC), a United Nations regional commission to promote economic cooperation, is the latest regulatory body to have expressed concern over El Salvador’s decision to accept Bitcoin as legal tender.
ECLAC Executive Secretary Alicia Bárcena has warned that El Salvador’s decision to accept Bitcoin poses a number of systemic risks. As well as risks related to money laundering, local news agency El Mundo Daily reported on Friday.
Bárcena emphasized that there is still no study that has investigated the possible risks or benefits of El Salvador accepting BTC as legal tender. He said El Salvador is likely to face scrutiny and risks from the Financial Action Task Force (FATF). Regarding his decision to venture into Bitcoin.
Korean professor uses biowaste to mine cryptocurrencies
A “shitcoin” may no longer be just a term used to describe altcoin projects with questionable value propositions. For a South Korean university professor has taken the term to a more literal dimension.
Cho Jae-weon from the National Institute of Science and Technology in Ulsan, South Korea. It has created an eco-friendly toilet system that produces fertilizers and energy from human excreta.
Jae-weon, professor of urban and environmental engineering, said the toilet system incorporates a vacuum pump that redirects human waste to an underground tank to produce biogas (methane).
The professor’s experiment is reportedly using biogas to power a university building, gas stoves and water heaters, among other things.
The Jae-weon experiment also has a digital currency component with a native token called Ggool, which is used to incentivize the adoption of the eco-friendly toilet. Students earn 10 Ggool per day if they use the bathroom and use the digital money to buy coffee, bananas and even books on campus.