What does Gasbox do?

Gasbox provides turnkey mining solutions with facilities located in the USA powered by natural gas.

With our transparent energy rate, you pay only for hardware and power at cost.

What is Bitcoin?

Bitcoin is a form of currency that cannot be confiscated or inflated because it is not controlled by any individual, organization, or government. It is a digital currency that is governed by computer code run on thousands of computers worldwide, providing strong assurances against seizure and inflation.

What makes Bitcoin unique is that its monetary policy is defined by its initial codebase, and it has a fixed supply of 21 million bitcoins. This is unlike any other digital currency system because there is no central point of control that can manipulate the money supply.

The distributed nature and fixed supply of Bitcoin make it similar to gold, but in electronic form, which makes it suitable for the modern economy and provides capabilities that are not possible with physical assets. Some refer to Bitcoin as “digital gold,” but there are various ways to think about it.

What is bitcoin hashrate?

Bitcoin hashrate is a measure of the computing power being used to mine new bitcoins on the bitcoin network. It is measured in hashes per second (h/s) and is used to indicate the overall health and security of the network. The higher the hashrate, the more miners are participating in the network and the more difficult it is to manipulate the network.

This is a chart of the daily hashprice payout per day.

Why do you use natural gas to mine bitcoin?

Natural gas can be used to mine bitcoin because it is a relatively inexpensive and abundant source of energy. Bitcoin mining requires a significant amount of computational power, and this power is typically generated by electricity. Natural gas is often used as a source of electricity because it is cheaper than other fossil fuels such as coal and oil. Additionally, natural gas power plants are generally cleaner and more efficient than coal-fired power plants, which can lead to lower emissions and a smaller environmental impact.

Another reason why natural gas is used to mine bitcoin is that it can be used to generate electricity on-demand. Bitcoin mining requires a lot of computing power, and this power is needed at all times. Natural gas power plants can be turned on and off quickly, which allows them to provide the necessary power for bitcoin mining without wasting energy.

Lastly, using natural gas to mine bitcoin can be a way to monetize natural gas that would otherwise be wasted. In some oil and gas fields, the natural gas that is produced as a byproduct of oil extraction is often flared or vented instead of being used. By using this natural gas to mine bitcoin, companies can generate additional revenue from resources that would otherwise be wasted.

Why is the bitcoin ‘halving relevant to the price of bitcoin?

The bitcoin halving is relevant to the price of bitcoin because it affects the rate at which new bitcoins are added to the market. The bitcoin halving is a built-in feature of the bitcoin protocol that occurs every 210,000 blocks, or roughly every four years. When the halving occurs, the reward for mining new blocks is cut in half. This means that the rate at which new bitcoins are added to the market is reduced by 50%.

The bitcoin halving is relevant to the price of bitcoin because it affects the supply and demand of the cryptocurrency. With a fixed maximum supply of 21 million bitcoins, and a decrease in the rate at which new bitcoins are added to the market, the halving can lead to an increase in the price of bitcoin. As the supply of new bitcoins decreases, demand for existing bitcoins can increase, which can drive up the price. Additionally, with a lower reward for mining, miners may be less willing to mine bitcoin and that can cause the difficulty of mining to increase, which can also increase the price

However, it is also worth noting that the price of bitcoin can also be affected by other factors such as market sentiment, regulatory changes, and overall global economic conditions. Additionally, the correlation between the halving and the price of bitcoin is not always clear cut and the price of bitcoin may not always increase following a halving event.