You have hopefully backed up your latest wallet file when your password was last updated.If you never backed up your wallet file but still have the bitcoin client(program) on your computer, you can back up your wallet today and get started! A Good Idea of What The Password Is It s very common for people to make variations of the same password and use that variations…
Bitcoin is a virtual monetary system, a peer-to-peer currency with no central bank. It is based on digital tokens with no intrinsic value. An outstanding innovation in the 21st century payment system, bitcoin gained popularity in its initial phase in the FinTech industry, but gradually the virtual currency is losing its charm. Seeing the fluctuations and multiple…
2013 was a breakout year for bitcoin. While many people are still trying to grasp the concept of “what exactly is a bitcoin?”, even more businesses are starting to ask the question “do we need to care?” With any new technology there are going to be advantages and disadvantages, risks and rewards. Bitcoin is no exception. Today I want to explore the idea of why YOUR…
Not only is it safe to encrypt wallets with money in them, it is unsafe not to do so . Think of your wallet as a computer file serving as your safe, in which you put your savings. Would you leave your safe open? Probably not. You d set a complex combination. This is even more important in Bitcoin. Since your wallet is just a file on your hard disk, it can not only…
On this page we present an automatically updating ( daily ) bitcoin return calculator . Enter any two dates since July of 2010, and we will compute the annual and total returns on money invested in bitcoin between those two dates. We also will automatically adjust the quoted returns for inflation, optionally, if you choose the “Adjust For Inflation (CPI)” option…
In the financial world, value is everything. Understanding the true value of a stock, a commodity or currency can be a complex process involving things like free cash flows, asset-based analysis and other arcane concepts, but the underlying idea is pretty simple. “Is this thing I want to buy worth the asking price?”. If it’s valued too high, it’s probably a bad investment…
Commonwealth Bank of Australia chief information officer David Whiteing has warned the bank s technology halo could slip unless it embraces crypto-currencies like Bitcoin, online assets like air miles, and gets on the front foot with hiring untapped technology expertise. In a wide-ranging briefing at an Australian Information Industry Association lunch in Sydney…
When you think of trading or investing, you probably think of stocks and bonds. You might also think of commodities, currencies and whatnot. But strolling into a mutual fund manager s office and mentioning Bitcoins would probably get you an odd look, assuming he or she is not an avid reader of TechCrunch. Introduced in 2009, the electronic currency Bitcoin is exchanged…
Product Features Security Convenience Summary GreenAddress packs a good number of features, like instant transactions, 2FA, address book, and transaction history, however, some of them are only possible because the wallet employs a 2of2 signature scheme, meaning that GreenAddress holds the other half of your private keys. The company introduced the nTimeLock feature…
As with most forms of money, there are many different ways in which you can store your bitcoins. Although you should keep the majority of your funds in some form of cold storage or vault, you still need to have easy access to your spending money while you’re on the go or shopping online. Let’s take a closer look at some of the top Bitcoin wallets available to users…
To achieve this with an all-digital currency, the money supply is controlled by an algorithm that was configured to release a “block” of Bitcoin (sort of analogous to a nugget of gold) once every 10 minutes. But, according to the Genesis Block, the rate is speeding up. The Bitcoin algorithm essentially regulates the money supply like this: Blocks of Bitcoin are assigned…
Lee Hutchinson Clearly, the BFL 5GH/s miner s mining days were done—and at an odd number of BTC mined, too. A new challenger appears I contacted Butterfly Labs and let them know that the fan had broken, and they immediately offered to send a replacement miner. At first I demurred, but on reflection I decided to take them up on their offer. The power numbers mentioned…
