At that time, they claimed to have purchased $11 million worth of BTC at a rate of around $120. There have only been a few times since then that they’ve actually lost any value, and currently they’re sitting on a higher value than their original investment. If they sold during the $1-plus bubble at the end of 2013, and then purchased again, it’s hard to say, but they…
A few months after that all-time high, Mt. Gox, one of the earliest and biggest Bitcoin exchanges, shut down after news it had lost hundreds of thousands of Bitcoin owned by its users. This caused the price to nearly drop in half. Since then, over the past four years, the price has fluctuated dramatically, sometimes tied to news like the halving and broad economic…
This is really depends on your current economic situation, and how much electricity is in your area. I have been mining for 3 years plus now, up to almost 800TH (800, GH/S). My advice start NOW, if you are going to do it. Buy a Antminer S9, NEW or USED on Amazon as you get great buyer protection. If you own your home, install a Power Saving device like KillaWattBox™…
Counterparty risk is the biggest danger with trading bitcoin. You can be the best trader in the world and lose your portfolio by having your exchange go bankrupt. Oftentimes an exchange will show signs of weakness long before going bust. In the Bitcoin world, reputation is everything so do your research before sending money to an exchange. The following three exchanges…
Why July 10 will determine cryptocurrencys future, illustrated
Photo: Unicorn of Monoceros © Christian Riese Lassen; 731 Joel Flickinger’s two-bedroom home in the hills above Oakland, Calif., hums with custom-built computing gear. Just inside the front door, in a room anyone else might use as a den, he’s placed a desk next to a fireplace that supports a massive monitor, with cables snaking right and left toward two computers…
One of the main criticisms made when it comes to the value of bitcoins is that there is no central authority that can control the price of the digital currency over a long period of time. This lack of price stability has caused problems for some users over the short term, but the general understanding in the Bitcoin community is that this volatility will continue…
HaoBTC, one of the biggest miners with around 110 Petahash, controlling slightly more than 4% of bitcoin’s network, has launched a new hashrate exchange where you can buy or sell part of Bitcoin’s mining network with a minimum purchase of 1 Terahash. According to Xiong “Tyler” Yue, Vice President of HaoBTC, they have already sold 10 Petahash in just five days, with…
For anybody that hasn’t already been acquainted with Bitcoin, it certainly is a little overwhelming in the beginning. Many companies that are trying to make a stand in the blockchain space have taken note of this and are trying to build on the user experience side to get more and more people into using Bitcoin, not just mine them leading most unsuspecting customers…
It just became significantly harder to mine Bitcoins. The halving event rolled around yesterday, July 9, and means that the reward for mining just dropped by 50 percent. The cryptocurrency is generated by machines around the world mining for new bitcoins. Rewards of bitcoins are handed out for giving over computing power to process bitcoin transactions. It s a very…
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If your aim is to make money and it somehow relates to Bitcoin, mining it yourself is not a good investment. Attempting Bitcoin mining with that computer, using CPU s, would not be effective, at all. There is an inherent software issue that was built into Bitcoin production. Once a certain number of block chains have been figured out, the difficulty increases at…
