MinerWars Week 8 Results: 6.​29 BTC in Rewards

🤯 11 TH Miner Takes Bronze

By GoMining
Nov 18, 2024, 7:12 PM
twitter
News article
Photo by GoMining

Week 8 of MinerWars concluded with significant rewards distribution:

  • Total clan rewards: 6.​29 BTC (~$544,100)
  • Per-block reward: 184.​29 GOMINING (175.​07 after commission)
  • Notable achievement: User Dom from ArcticMonkeys clan reached 3rd place with only 11 TH

Key statistics:

  • Total prize fund: 423,672.​41 GOMINING
  • Boost spending: 372,209 GOMINING
  • Voting distribution: 60,765 tokens

Performance metrics show efficiency and strategy continue to be crucial factors for success, with smaller miners achieving notable rankings.​

Sources
Read more about GoMining

Bitcoin Moves Into Traditional Banking and State Finance Systems

Bitcoin Moves Into Traditional Banking and State Finance Systems

Bitcoin is gaining traction across traditional financial institutions and government systems: **Banking Integration** - UBS is preparing to offer Bitcoin and Ethereum trading to private banking clients, marking a significant step for major global banks - BlackRock filed with the SEC to launch a Bitcoin Premium Income ETF using options strategies for yield generation **State-Level Adoption** - Oklahoma introduced legislation enabling voluntary Bitcoin payroll payments and vendor settlements with regulatory relief - Texas previously became the first U.S. state to add Bitcoin ETF exposure to its treasury **Policy Shifts** - U.S. Treasury confirmed seized Bitcoin will be added to the Strategic Bitcoin Reserve rather than sold Bitcoin continues integrating into banking infrastructure, public finance systems, and institutional investment products.

🔄 Metals Lead Before Liquidity Rotates to Crypto

**Market Rotation Signals** Fundstrat analysts indicate metals are currently leading the market, with expectations that liquidity will eventually rotate into crypto assets. **Corporate Bitcoin Accumulation** - Trump family-backed American Bitcoin acquired 416 BTC - GoMining and Jacob & Co. launched a watch connected to live Bitcoin mining operations **Mining Operations Continue** Bitcoin miners maintain steady operations while market narratives shift between asset classes.

GoMining Survey Reveals 70% of Users Feel Overwhelmed by Bitcoin Complexity

**GoMining**, a Bitcoin mining platform, released survey results showing significant barriers to Bitcoin adoption among 2,600+ respondents. **Key findings:** - 70% feel overwhelmed by Bitcoin in some way - 66% lack confidence explaining Bitcoin - 28% cite mining as the top source of confusion The company is responding by developing educational guides and practical use cases based on user feedback. GoMining aims to simplify Bitcoin mining through NFTs that represent real computing power, eliminating traditional mining complexities.

🔍 Bitcoin Mining Difficulty Explained

GoMining Academy has published a comprehensive guide explaining Bitcoin mining difficulty and network tracking tools for beginners. The guide covers: - How Bitcoin mining difficulty functions and adjusts automatically - What mining difficulty reveals about network activity - Essential tools for tracking cryptocurrency metrics The educational resource aims to help newcomers understand the technical aspects of Bitcoin mining without requiring specialized hardware knowledge. [Read the full guide](https://academy.gomining.com/articles/how-to-track-cryptocurrency-like-a-pro-tools-every-beginner-must-use)

GoMining Transforms Into All-in-One Bitcoin Ecosystem

GoMining is expanding beyond mining to become a comprehensive Bitcoin ecosystem. The platform aims to simplify Bitcoin by allowing users to mine, earn, and use BTC in one integrated environment. **Key Changes:** - Evolution from pure mining platform to full Bitcoin ecosystem - Focus on making Bitcoin accessible and straightforward - Integration of earning and spending capabilities alongside mining The announcement emphasizes removing complexity from Bitcoin operations while maintaining the platform's core mining infrastructure backed by over 4.2 million TH/s across 9 data centers.

otherNFTGovernanceStakingGamesYield