TL;DR: Mining is heavy duty number crunching, your iMac is useless for that. Running a node helps the network and gives you your own copy of the blockchain. Your iMac should probably be able to do that. Mining The purpose of mining is to 1. achieve consensus about the state of the network, 2. confirm transactions, and 3. initially distribute the bitcoins. For mining…
Kraken, which runs an exchange for trading bitcoin and other digital assets, has acquired Cryptowatch, a charting and trading platform. With the acquisition, Kraken released an upgraded trading interface on Wednesday, too. Cryptowatch is used by thousands of traders to chart more than 150 markets in real time and trade as many as 22 digital assets. Terms were not…
KnC Miner , a company that provides hosting services and builds software for bitcoin mining, has added 20 megawatts to what was previously going to be a 10 megawatt data center in Boden, Sweden, in the vicinity of a massive Facebook data center. The company said it decided to expand its data center capacity in Boden to a total of 30 megawatts and 160, square feet…
Mycelium Wallet is for the more adept bitcoin user - giving coin control features. The wallet is backed by a large active development team that is continuously innovating. Android Mobile is the main platform although the team has developed cold wallet prepaid cards too, that can act as a form of cold storage. Other Mycelium services: Mycelium Gear . We have used it…
I decided to create this tutorial on how to make a Bitcoin Price Ticker. Well, this is only a prototype and I will make a smaller edition with a more pleasant design and some other features at a later time. However, this serves as a nice proof of concept and hopefully it will give you some ideas for your own improvements. This Bitcoin Price Ticker will show the price…
Things continue to heat up in the Bitcoin mining world as of late. As the hashrate continues to increase, it is only to be expected the mining difficulty continues to go up accordingly. Earlier this morning, the difficulty adjusted once again and increased by 7.43%. This adjustment marks a new all-time high for mining ever since bitcoin was created. New hardware seems…
Bitcoin and Ethereum wallets are normally encrypted by you, the wallet owner. However, sometimes you forget or misplace your wallet password. This is a bad thing! Unless the password is recovered, you have no way to access any funds stored in that wallet. That money is lost forever. At today’s exchange rate, that might be a lot of money. Hopefully we can help you…
Our computers has very less power when we compare it to the difficulty level of mining and it s very hard to get one bit coin. But to overcome the second issue there are pools . But still the first issue remains the same. The ordinary desktop computers doesn t perform in a good manner relative to performance/costs spent for the hardware . But, Google has a variety…
Paper wallets are a great way to hold bitcoin for certain use cases. When using one of our BTMs, for example, you can buy bitcoin in the form of a paper wallet. However, paper wallets can receive bitcoin but not send. It s also not a good idea to use paper wallets for long-term storage. This is why we’ve built a tool to move bitcoin from paper wallets to any digital…
For the uninitiated, a URI handler is simply a protocol within your web browser that performs a specified action when triggered. A common handler that you probably use often is the mailto: handler. When you click on a hyperlink that displays an email address, with the mailto: handler embedded in the link, the link will automatically open your email program so you…
To send and receive Bitcoins, you need a Bitcoin wallet. A wallet gives you ownership over Bitcoin addresses that you can use to receive coins from other users, and send to others. A wallet address will look something like this: Web Wallets Web wallets allow you to use Bitcoins and generally require less effort from you to protect your wallet. Web Wallets may also…
To buy Bitcoin with Luno you need to have done two things: Luno provides two ways to buy Bitcoin: Instant buy or sell (easy to understand, simple to use) Exchange order (more complex, more control) 1. Instant buy or sell This feature allows you to instantly buy bitcoin at the current exchange rate. Instant buy step-by-step guide Select “Buy” or “Sell” from the top…
