Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Oscar Mayer’s Bacoin to bring home the bacon?

written by

Oscar Mayer's Bacoin to bring home the bacon?

Support free journalists: > send a tip

American meat producer Oscar Mayer has released what it describes as a cryptocurrency called Bacoin, which can be exchanged for real Oscar Mayer bacon.

It is a currency that is backed by the savory, sizzling breakfast meat popular in American homes. The official website for Bacoin has an exchange rate that updates every hour, and approximately fluctuates between 10 slices and 1 slice of bacon per Bacoin.

People who hold Bacoin are encouraged to play the market, which essentially comes down to checking the website every hour and redeeming the Bacoin for bacon when the exchange rate is at its highest. The exchange rate is automated and there is no actual market behind it – it is not possible to buy Bacoin on an exchange.

While Bacoin is marketed as a cryptocurrency like Bitcoin in the video announcing its release, however, there is little else that suggests Bacoin is a typical cryptocurrency. There is no technical white paper and there are no specifications, which are details that are fundamentally required for any serious cryptocurrency.

In reality, Bacoin is just a digital ledger currency with no blockchain. On the website, it says you can “mine” a random amount of Bacoin by registering, although an attempt to register resulted in nothing. The actual mining process in cryptocurrency typically rewards miners with coins for helping to maintain and secure the blockchain.

Essentially, Bacoin is a sweepstake that randomly rewards users free bacon for registering on their website. When the sweepstake ends on 14 May, the Bacoin currency will come to an end as well. Any Bacoin that has been distributed free to registrants will ultimately be exchanged for bacon and taken out of circulation.

Since it is not an actual crypto and has a limited time use as a centralized reward system only valid for this particular sweepstake, it is not possible to hold onto Bacoin long term.

Nevertheless, Bacoin might serve as inspiration for a real bacon-themed cryptocurrency in the future. Years before Oscar Mayer conceived Bacoin, IT worker Kirk Steele developed a real cryptocurrency named Bacoin in 2014, but didn’t get very far with the project. Steele sent a cease and desist letter to Oscar Mayer a week ago, but has now reached a compromise where he will receive some free bacon and the Oscar Mayer Weinermobile for his child.

Ultimately, Kirk Steele could be the biggest winner of the short-lived Bacoin era, as he’ll be the one really bringing home the bacon.


*Follow on Twitter at*

*Telegram Alerts from at*

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter