Canadian Bitcoin Exchanges
Bitcoin Exchanges / June 17, 2019

Canadian Bitcoin Exchanges

Kraken has officially launched in Canada following a partnership with digital currency industry-focused risk management specialist Vogogo. The San Francisco-based bitcoin exchange now allows users in Canada to convert Canadian dollars into digital currencies using Interac e-Transfer and electronic fund transfers (EFT). Trading fees are then priced between 0.10% and…

Bitcoin mining What is it
Bitcoin Mining / June 15, 2019

Bitcoin mining What is it

The big news in the Bitcoin world, is that one entity, called GHash, seems to be in control of more than half of all of the mining power. A part of Bitcoin’s appeal has been its distributed nature: the idea that no one party is in control but the system operates through the cooperative action of a large community. The worry now is that GHash has too much power and…

Donate Bitcoin to me
Bitcoin Exchanges / June 13, 2019

Donate Bitcoin to me

It was the second week of February 2013 when I first ventured a public opinion that Bitcoin is the real deal. The dollar exchange rate was at $25, on its way toward another run-up and crash that had been the pattern for two years. How can you create money out of computer code? That struck me as absurd.I had just returned from a conference where some Bitcoiners surrounded…

George Soros Bitcoin
Bitcoin Exchanges / June 11, 2019

George Soros Bitcoin

According to a Wall Street Journal article, Soros Fund Management, the $30 billion fund which oversees Soros’s investments, made a series of large investments into precious metals. Soros bought a $264 million stake, or 1.7% in Canada-based Berrick Gold, while cutting investments in US-based stocks by one third. Hedging against potential EU collapse triggered by “Brexit”…

What exactly is Bitcoin mining?
Bitcoin Mining / June 9, 2019

What exactly is Bitcoin mining?

A government is the one who decides when to print paper money. However, due to the fact that Bitcoin is decentralized, it has a different way of churning coins: mining. There are two main aspects to mining: confirming transactions to the block chain and introducing new bitcoins to the system. To become a Bitcoin miner all you need is to run software with its . Finalizing…

Number of bitcoins mined
Bitcoin Mining / June 7, 2019

Number of bitcoins mined

Last week, the price of one Bitcoin surged above $1, 227, the price of an ounce of Gold. And the headlines soon followed, screaming, “Bitcoin worth more than Gold.” The implication, of course, that Bitcoin is the new Gold in the world. In reality, however, Bitcoin is hardly the “new” Gold, real or digital. In arguing for Bitcoin’s allure, enthusiasts tend to fall…

Bitcoin mining pool
Bitcoin Mining / June 5, 2019

Bitcoin mining pool

Bitcoin mining has become concentrated primarily in China, leading many in the community to believe that the country has too much power in what is supposed to be a global, borderless digital currency. In fact, mining pools located in China account for more than 60% of the total network power. Now, one Chinese mining hardware company and pool operator, Bitmain Tech…

Created Bitcoin miners
Bitcoin Mining / June 3, 2019

Created Bitcoin miners

Editor’s Morning Note: Let’s end the week with a chart that points down. Bitcoin Mining In Action. Via NSA Archives. Happy Friday, friends, and welcome to our final entry together for the week. May the day go well, and when you reach that moment when you are finally closing more tabs than you open, enjoy it. The line shows the rise and fall in the dollar revenue value…

Coinbase Bitcoin
Bitcoin Exchanges / June 1, 2019

Coinbase Bitcoin

We wanted to provide customers notice of how a possible hard fork of the Bitcoin protocol into Bitcoin Core and Bitcoin Unlimited will affect Coinbase accounts. The only version of Bitcoin supported on the Coinbase platform today is Bitcoin Core, currently represented by the symbol BTC. We may provide support for Bitcoin Unlimited in the future depending on market…

Explaining Bitcoin
Bitcoin Exchanges / May 30, 2019

Explaining Bitcoin

The Solution What if we gave this ledger — to everybody? Instead of the ledger living on a Blizzard computer, it’ll live in everybody’s computers. All the transactions that have ever happened, from all time, in digital apples will be recorded in it. You can’t cheat it. I can’t send you digital apples I don’t have, because then it wouldn’t sync up with everybody in…

Make money trading cryptocurrency
Bitcoin Exchanges / May 28, 2019

Make money trading cryptocurrency

With just a few dollars worth of Bitcoin you can start trading cryptocurrencies right now. There are no broker fees, there are no middlemen to deal with, nor really any barriers to entry or red tape. All you need is some percentage of a single Bitcoin. There is no reason not to try it out. If you can accept risking a few dollars, it’s a great way to get into cryptocurrency…

Bitcoin mining difficulty factor
Bitcoin Mining / May 26, 2019

Bitcoin mining difficulty factor

Bitcoin mining today is dominated by mining pools. These mining pools arguably have a strong hold on the Bitcoin network, but also on their own participants. Since mining pools typically operate with little transparency, participants must issue a lot of trust in pool operators not to cheat them out of Bitcoin. Czech Republic-based Slush Pool – accounting for some…

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