Category Archives: Bitcoin

How to Setup a Bitcoin BIP148/UASF Node on FreeBSD

By | May 22, 2017

Assuming you have a fresh FreeBSD (or a jail) installed, and you are logged in as root, download the latest version of BIP148 enabled bitcoin sources from here as .tar.gz file and untar it.  As of writing it is v0.14.1-uasfsegwit0.3.tar.gz. fetch https://github.com/UASF/bitcoin/archive/v0.14.1-uasfsegwit0.3.tar.gz tar xzvf v0.14.1-uasfsegwit0.3.tar.gz cd bitcoin-0.14.1-uasfsegwit0.3 Next the documentation in ./doc/build-unix.md tells us which… Read More »

Bitcoin vs. Gold

By | March 10, 2017

Bitcoin was raising, and the price for one Bitcoin is now around the same as for one ounce of gold. So isn't it insane to pay for one Bitcoin as much as for one ounce of gold? According to this article there are currently between 155,244 tonnes and 2.5 million tonnes of gold in the… Read More »

Bitcoin Mining is Dice Rolling

By | November 9, 2014

In case you didn't already know ... Did you know, bitcoin mining is basically the same as dice rolling? There are many  articles for non-technicians about bitcoin mining, where the mining process is often explained as "solving complex equations". And these equations get more complex, when more miners compete, so the difficulty raises. That's wrong.… Read More »