ENCRYPTION SPACE

💰 Bitcoin has settled $111 trillion cumulative of transfer volume 🔥 Bitcoin works.

✅Invite 5 friends to lease Antminer S9i on the same day, the invitation reward is 100+100+100+100+100=500RS ✅Invite 5 friends to lease Antminer S9 SE on the same day, the invitation reward is 200+200+200+200+200=1000RS ✅Invite 5 friends to lease Antminer T17e on the same day, the invitation reward is 400+400+400+400+400=2000RS ✅Invite 5 friends to lease Antminer S17 on the same day, the invitation reward is 800+800+800+800+800=4000RS ✅Invite 5 friends to lease Antminer K5 on the same day, the invitation reward is 1200+1200+1200+1200+1200=6000RS

✏️Lease activation the 600RS Antminer S9i miner, the daily income is 22.20RS, the 50 day lease, total revenue is 1110RS. ✏️Lease activation the 2700RS Antminer S9 SE miner, the daily income is 105.3RS, 50 day lease,total revenue is 5265RS. ✏️Lease activation the 7800RS Antminer T17e miner, the daily income is 319.8RS, 50 day lease, total revenue is 15990RS. ✏️Lease activation the 15800RS Antminer S17 miner, the daily income is 679.4RS, 50 day lease, total revenue is 33970RS. ✏️Lease activation the 23800RS Antminer K5 miner, the daily income is 1071RS, 50 day lease, total revenue is 53550RS.

💰 The #Bitcoin Supply Formula ⚡️

💰 Bitcoin fair value stands at 💵 $45K, according to Capriole Investment founder Charles Edwards 👀

In person #Bitcoin exchange spotted in Barcelona, Spain 🇪🇸

💰 The former President of PayPal and Head of Facebook payments works on Bitcoin 💪 “Bitcoin is the universal protocol for money on the internet.” - David Marcus

🛫 Spotted at JFK airport in NYC: “#Bitcoin is neutral internet money” 👀

Securing our place in the world with Bitcoin⬆️

The number of Bitcoins available for creation and use is capped at 21 million. To maintain this limit, a “halving” occurs every 210,000 blocks (i.e. approximately every four years). Halving is when the Bitcoin network cuts in half the block subsidy miners receive for creating new blocks. When the network launched in 2009, miners paid 50 Bitcoin per block. Three halvings have occurred by then, leaving miners earning 6.25 Bitcoin per block until the next halving in 2024. The idea is that repeated halvings will reduce the block subsidy to 0 in 2140. When this happens, no new Bitcoins enter circulation.

One of Bitcoin’s goals is to produce a block every ten minutes on average. Chain splits are reduced this time, with two valid but competing blocks appearing due to the time it takes for new blocks to reach miners around the world. To maintain this ten-minute interval during changes in the network's hash rate, Bitcoin adjusts the difficulty for miners to find valid proofs of work. If it takes more than ten minutes to produce a block, the difficulty can be lowered to help miners identify the block more easily. It can also be raised to make it harder. The difficulty is adjusted to maintain the range average and keep Bitcoin issuance at a consistent pace independent of hash rate changes.

Proof of work is at the heart of the Bitcoin network. Without it, users will try to take advantage of the decentralized nature of the network to modify the blockchain to benefit themselves. Miners must produce textual proof that they have computationally created a valid block. Proofs are linked together between blocks, making it difficult for anyone to reverse previous transactions. This is how proof-of-work mining keeps the network secure.

Bitcoin is powered by a vast and complex technology known as the blockchain. A blockchain is a digital record of all verified transactions made for a specific cryptocurrency, consisting of a series of "blocks." Each block consists of a series of Bitcoin transactions between users, represented by alphanumeric strings called addresses. Each of these transactions is shared with a network resource called the mempool (also known as the mempool).

Most miners’ computing power is powered by sustainable energy, and many real-world examples rely entirely on sustainable energy. Indicators show that nearly 60% of the energy used in Bitcoin mining comes from sustainable sources. As the cost of natural gas increases and the relative cost of green energy decreases, ENCRYPTION SPACE is taking a proactive approach to reducing energy waste. Some clean energy sources, such as hydropower, are always producing electricity whether they are being used or not. ENCRYPTION SPACE uses electricity only when there is no other use for it. No electricity is consumed during "peak hours" of energy consumption, such as mornings and evenings after traditional working hours.

Most mining operations are powered by excess renewable energy and are subject to curtailment schedules that draw only the load on the grid that is not needed and provide that load at times of peak demand. Pushing excess renewable energy and power curtailment plans are key targets for Bitcoin miners, and their market share is growing

Bitcoin mining accounts for only 0.1-0.2% of global energy consumption. The mining industry is the most efficient and cleanest user of electricity and is improving energy efficiency at the fastest rate of any other major industry

🛠Perfect indirect exposure to Bitcoin💰

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