Hello Humble Bitcoiners!

The Bitcoin 2022 conference starts tomorrow!  Do not miss out on our livestreams and our daily signal. The signal is strong these days! 
📝 Today's Rundown
  • The New Miner: Intel’s new bitcoin mining chip, the Intel Blockscale ASIC, will ship in Q3 2022 to select customers.
  • This One Is Different: The mantra of altcoin peddlers with delusions of grandeur.
  • Miners Ain't Selling: As the bitcoin mining industry has grown by leaps and bounds in 2022, mining operations continue to hold onto their bitcoin for dear life.

💸 THE NEW MINER

Intel Launches New Bitcoin Mining Chip, Blockscale
By Namcios

Intel has announced more details for its new bitcoin mining chip, the Intel Blockscale ASIC, which seeks to increase the energy efficiency of Proof-of-Work (PoW) mining, by leveraging the company's decades of research and development in related areas.

According to the specifications and its focus on energy efficiency and sustainability, the new chip will operate with up to 26 J/TH and support up to 256 integrated circuits per chain. 

As of today, the mining sector suffers from insufficient ASIC supply due to the global chip shortage, and the limited amount of participants in the market. Intel's new machine will definitely have an impact in the short to medium term by increasing the miners availability. Among the first participants to benefit from the newly built miners which are expected to ship in the third quarter of this year are:

  • Argo Blockchain
  • Block
  • Hive Blockchain
  • GRIID

“The Intel Blockscale ASIC is going to play a major role in helping bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead” – Jose Rios, general manager of Blockchain and Business Solutions.
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🥇 THIS ONE IS DIFFERENT

Bitcoin SongSheet: Altcoin Delusion And Naivete
By Jimmy Song

Have you ever considered buying one of those "revolutionary" altcoins promising to be the disruptive technology that could fix all your problems and reward you with financial freedom? If you have, you should read this article.

Jimmy Song, bitcoin advocate, developer and Bitcoin Magazine contributor, writes about the story of his reviewing of some altcoins’ whitepaper and how he finds it to be the equivalent of a subpar Hollywood movie script. He talks about airdrops, premined projects, decentralization, insider trading, the cult of personality that often arises around altcoins and more. 
Read Full Article

📰 THE DAILY BITS
1. Comparing Bitcoin to barbed wire from Timothy May’s “Crypto Anarchist Manifesto” can give insight into the gravity of this seemingly abstract invention.

2. Jury nullification is one tool that may be needed if antagonistic policies get passed which lead to Bitcoin users being labeled as criminals.

3. Bruce Fenton is a prominent Bitcoiner running for Senate in New Hampshire and he seeks to make it known that “government has no place in Bitcoin.”

4. IBEX Mercado secured $4 million in funding through a seed round of investments strengthening the company’s goals for expansion in the Americas and Europe.

5. The Built With Bitcoin Foundation supports Bitcoin education and philanthropy in communities around the world that need financial freedom the most.

🚫 MINERS AIN'T SELLING

USDT Pilot Brings Tokens To Bitcoin's Lightning Network
By Zack Voell

Bitcoin miners are frequently misrepresented in some social media platforms and by some dubious journalists as the ones responsible for the Bitcoin price crashes. It is not strange to read here and there that miners are the ones adding selling pressure to the Bitcoin market. 

However, if we take the time to try to understand and analyze Bitcoin mining data to truthfully assert what the entities in charge of securing the Bitcoin network are doing with their earnings, we could end up with very advantageous information.

"After all, if miners weren’t bullish, it’d be hard for anyone else to be." - Zack V.
Read Full Article

MEME OF THE DAY 
By Paolo Ardono

With Bitcoin 2022 starting, and an estimated 20,000 Bitcoiners eager for the first day's inauguration, many have already been in the area for the last couple of days networking and meeting friends made from previous conferences.

I hope you were able to make it, but if not, don't forget to tune in via livestream!

With love,
Bam

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