Digital currencies are experiencing an extraordinary year. For instance, the price of Bitcoin has gone up from a low of $700 to around $1. 184. It is the benchmark of all virtual currencies. During the last three months, the price of Bitcoin increased from $706.53 to its present price. This represents an increase of around…
Is it possible to mine Bitcoin without using any hardware? Yes. There is another option. In fact, there are individuals who choose to earn this crypto currency but not by means of mining. It is a way of avoiding the high cost of electricity for powering the systems. Take a look at the different ways…
The Bitcoin currency exceeded $US1,000 at the start of this year. Is this an indication that the virtual currency is a lucrative investment? It is an enigmatic but enticing asset that fascinated a lot of investors globally. Earnings came quick compared to other traditional financial resources even as the crypto currency is very unstable in…
Is Bitcoin mining a lucrative profession? Some say it is profitable. Others swear it is a difficult venture especially if you need to compete against Chinese miners. 2016 was described by industry stakeholders as a good year for crypto currency miners. However, Bitcoin mining became more challenging after the Second Halving Event. The reward for…
Bitcoin and Blockchain stakeholders held a confidential meeting last month in Cancun, Mexico to discuss important topics and issues in the Bitcoin community. These stakeholders were chief executive officers, pioneers, investors, influencers, and developers. There were no partners and media representatives invited during the meeting.
The invite-only forum was organized by Bruce Fenton, chief investment officer…
Bitcoin miners get two incentives for mining the crypto currency. One is from minting reward of producing a new block. The other is from transaction fees which are part of the block.
The first highly popular virtual currency managed to stimulate a passion for Blockchain technology. Yet, cracks start to show in Bitcoin security as well…
An analyst claims the value of Bitcoin will double once more. Benjamin Smith, an editor of Lombardi Letters, a top news site for financial news and commentaries, wrote he sees many reasons for the crypto currency to rise again this year. The site focuses on economics, stock markets and precious metals. The price of the…
Modernization has taken place in urban hubs worldwide during the last century. According to projections, almost 70 percent of the global populace will relocate in metropolitan areas by 2050. This number is expected to increase twice as many within the next century. Another forecast is there will be around 40 Mega Cities or urban centers…
There are similar guidelines for all crypto currencies whether this is Altcoin, Bitcoin or Ethereum. The cardinal rules are practically the same. Mining can be done single-handedly or through a mining pool. A pool consists of miners who put together their resources and share rewards.
Speed is Important
Sophisticated mining requires specialized special hardware. Otherwise, you can…
The Japanese Government will enforce regulations on Bitcoin Exchanges. This is the result of efforts by the local Bitcoin community. The number of enterprises accepting the digital currency is expected to reach roughly 20, 000 before the year ends. Last year, there were 4, 200 merchants and establishments all over the country that accepted Bitcoin.…
