#Bitcoin Mining Company Permanently Preserves Trump Portrait#
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Overview
MARA Holdings, the largest publicly traded Bitcoin mining company in the United States, permanently added Donald Trump's portrait to the Bitcoin blockchain. They encrypted Trump's portrait into a Bitcoin block before his inauguration by arranging block data, a move that cost the company $443,148 and a block reward. This act is considered block art, permanently preserving Trump's portrait as block art.
Ace Hot Topic Analysis
Analysis
MARA Holdings, the largest publicly traded Bitcoin mining company in the US, used its invented transaction ordering strategy to encrypt a portrait of President-elect Donald Trump into a Bitcoin block, permanently preserving it as block art. The move occurred ahead of Trump's inauguration on Monday, costing the company $443,148 and earning a block reward. MARA Pool organized their block transactions, calculating 1,476,600,000,000,000 Bitcoin hashes in just 46 seconds, and permanently engraved the portrait of Trump on the Bitcoin blockchain. This event has drawn widespread attention, with many seeing it as a political endorsement of Trump, while others view it as a novel form of art that merges political figures with blockchain technology.
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Classic Views
Bitcoin mining company MARA Holdings permanently preserves a portrait of Trump as block art.
MARA Holdings encrypts the portrait of Trump into a Bitcoin block by arranging block data.
This occurred before Trump's inauguration and earned the company $443,148 in fees and block rewards.
The portrait of Trump is permanently etched onto the Bitcoin blockchain.