In today’s episode, aside from fist-shaking at SEC Chairman Gary Gensler, NLW discusses an announcement from Bored Ape Yacht Club creator, Yuga Labs, that it is creating a generative art collection for Bitcoin with Ordinal inscriptions. As part of an emerging Bitcoin Builder moment, he argues, the move makes sense.
“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Noam Galai/ Getty Images, modified by CoinDesk.
NFTs are on Bitcoin…but not on purpose. Ordinals have made BTC blocks bigger than ever, and they could potentially change Bitcoin forever. Bitcoin ordinals are infuriating BTC developers and enriching Bitcoin miners. Let’s review what Bitcoin Ordinals are and how to mint an NFT on the Bitcoin blockchain! Earn passive incoming mining crypto! https://voskco.in/evg
The latest Bitcoin update allows users to mint NFTs on Bitcoin, and that’s never been done before. Bitcoin Ordinals may change Bitcoin forever and people are striking fast. Yuga Labs, the company behind the Bored Ape Yacht Club NFTs, is already planning to launch a Bitcoin NFT collection of its own. Today we’re going to review what BTC Ordinals are, how they are changing the cryptocurrency space, how they affect miners, and how to mint an NFT on Bitcoin using Gamma. Ordinals have drastically changed Bitcoin block sizes, making it more profitable to mine.
Timestamps!
00:00 Bitcoin has NFT’s now!
01:03 Yuga Labs already launching BTC NFTs!
01:40 Bitcoin NFTs are Ordinals
02:49 What are Ordinals? Where to buy them?
05:11 How to mint a BTC Ordinal NFT
09:05 Why BTC NFTs are already causing issues!
11:19 What Ordinals mean for Bitcoin mining profits
13:02 What this could mean for Bitcoin
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
Bitcoin Ordinals BTC NFTs are SERIOUS and Bitcoin Miners are SHOCKED with the latest Bitcoin miners that are having more issues, less reliable, and more expensive to repair impacting BTC mining farms… Earn passive incoming mining crypto! https://voskco.in/evg
Bitcoin ordinals are pumping up BTC mining profitability but the latest hashboard designs by Bitmain are not being received well by Bitcoin mining farms because they uh.. kind of suck. The Bitmain Antminer S19 XP and some S19 models have been confirmed to have been impacted by the new design change, but thankfully we have Bitcoin NFTs making Bitcoin exciting again!
Timestamps!
00:00 Bitcoin ordinals gaining momentum
01:14 VoskCoin edition Evergreen miner and Chia giveaway
02:00 Bitmain making changes to its ASIC miner designs
05:32 How much Bitcoin do I mine?
06:52 Bitcoin halving is on the horizon
08:02 Bitcoin ordinals making miners rich
11:00 My plans and goals moving forward
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
Bitcoin Ordinals are having a huge effect on BTC block sizes and BTC mining profitability. Over 200,000 NFTs were minted on the Bitcoin blockchain last month which created $1.35M in transaction fees on chain. Grab the best mining rig here – https://voskco.in/evg
Bitcoin (BTC) Ordinals are NFTs on the Bitcoin blockchain. BTC has been boring for years so it’s been exciting seeing the hype Ordinals has brought to the chain. However, not everyone agrees, including the devs. Until now, bitcoin block sizes and activity was pretty stagnant, but now block sizes have doubled and transaction fees have increased, increasing bitcoin miner profitability. This is all controversial and it’s early. In today’s video we’ll talk about how Ordinals have effected bitcoin mining profitability, how to mint an NFT with Bitcoin, and more!
Timestamps!
00:00 Ordinals are having a huge impact on BTC profitability
01:29 Ordinals give $1.35M to BTC transaction fees in February
02:20 Bitcoin Average Block Size is near its limits!
04:25 Ordinals are making transactions more expensive
05:15 How can you create an Ordinal?
07:51 My thoughts on Ordinals
10:13 Thoughts on the market and crypto in general
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
What is going on with my crypto mining… I have been mining in my house for years, trying to earn passive income with cryptocurrency and now I am working on the next step towards financial freedom and off-grid living, here’s my mining rig updates and more — also grab the best miner for 2023 here – https://voskco.in/evg
We’re building a solar-powered cryptocurrency mining farm. We’re mining everything from Bitcoin (BTC) and Dogecoin (DOGE) to Chia (XCH) using ASIC miners and HDD miners. We’re hoping to revive some older miners including the HDD CPU TriMiner as well as some GPU miners at the new farm. Take a look tour with us to see what miners we have left in the house, what our next steps are, and some overall bitcoin cryptocurrency news.
Timestamps!
00:00 The current Status of cryptocurrency
00:25 What I am going to do with the miners that are not yet in my future house?
01:58 I am going to revive the tri-miner
04:22 The BTC-bitcoin Supra sparks some conversations!
05:52 Some updates on the new Voskcoin HQ
08:03 Excited to get the mining sounds off my house
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
Use my link and get a 10% discount for NFT purchase: https://buzz.guru/R7BVI
This discount is available within 2 weeks since publishing this video.
One of the oldest money making methods in crypto is still one of the best. What do we mean? Mining. Specifically, Bitcoin mining. And now one of the most experienced Bitcoin miners is using NFTs and a game they created to let you buy mining power in their network. Check out GMT and their Greedy Machines NFT collection where you buy your own Bitcoin miner and they do all the work for you.
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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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– TIMESTAMPS –
0:00 Intro
1:48 Crypto Market Rally
4:45 Bitcoin Ordinal Adoption
7:56 Important Altcoin Updates
11:17 SEC vs. Terra
14:33 CBDC Development Accelerates
17:26 Ben Cowen Crypto Analysis
24:40 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
