Bitcoin Mining finance is broken, and we’re fixing it.
Mining is essentially a globally decentralized provably probabilistic computational race.
Miners compete to be the first to publish the next block, and whoever wins makes money. The mining contest is a winner-take-all, so the losers do not make money. All miners lose most of the time, so all miners do not make money most of the time.
Bitcoin Prediction Market has created betting markets around the mining contest, enabling people to bet on who wins and who loses.
Miners can hedge against the risk of losing the race. They can do this by betting against their own pool, or on a dominant pool like Foundry or Antpool.
Speculators can make money by predicting which pool will win, based on their hashrate.
Bitcoin Prediction Market revolutionizes mining finance by enabling miners to protect their cashflow and speculators to profit from the block discovery process.
In the past, miners could only make money by winning the contest, and speculators could only make money by betting on price. Now, everyone can profit from every single block.
Be part of this game-changing moment in Bitcoin's history! Join the revolution and learn more at https://bitcoinprediction.info/
BitcoinAlchemist / James Pierog
npub1u8…xjcky
2024-06-23 06:56:43
Author Public Key
npub1u8r69esh5r7jt29nj9ufmz4yvuwp6cwl5xqp4e3d46vl8wla5smsexjckyPublished at
2024-06-23 06:56:43Event JSON
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"content": "Bitcoin Mining finance is broken, and we’re fixing it.\n\nMining is essentially a globally decentralized provably probabilistic computational race.\n\nMiners compete to be the first to publish the next block, and whoever wins makes money. The mining contest is a winner-take-all, so the losers do not make money. All miners lose most of the time, so all miners do not make money most of the time.\n\nBitcoin Prediction Market has created betting markets around the mining contest, enabling people to bet on who wins and who loses. \n\nMiners can hedge against the risk of losing the race. They can do this by betting against their own pool, or on a dominant pool like Foundry or Antpool.\n\nSpeculators can make money by predicting which pool will win, based on their hashrate.\n\nBitcoin Prediction Market revolutionizes mining finance by enabling miners to protect their cashflow and speculators to profit from the block discovery process.\n\nIn the past, miners could only make money by winning the contest, and speculators could only make money by betting on price. Now, everyone can profit from every single block.\n\nBe part of this game-changing moment in Bitcoin's history! Join the revolution and learn more at https://bitcoinprediction.info/",
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}