A revolutionary online system of virtual currency developed in 2008, bitcoin is the brainchild of Satoshi Nakamoto. Nobody is certain whether Nakamoto is an individual s name, a pseudonym, or a group of people. After publishing a 2008 paper describing this digital currency, Nakamoto released the open-source bitcoin software the next year. Operating without an…
Elon Musk, head of Tesla and SpaceX, joined President-elect Donald Trump’s team of Advisories, as did Uber CEO Travis Kalanick. Mr. Musk has made jaw-dropping comments on Bitcoin in the past. In an interview available on YouTube, Mr. Musk, who has been appointed to Trump’s Team of Advisories, describes his feelings on Bitcoin. “I think Bitcoin is probably a good…
Bitcoin arbitrage trading is a way to make money trading bitcoin with less risk than speculative bitcoin trading or day trading. Trading bitcoin is risky business, this is a fact. The price can swing wildly, and nobody knows for certain what the price will be from day to day. If you know the bitcoin market, it is possible to read the market signals and make trades…
I want to give an extended answer as I found the pre-existing here or elsewhere in need of a bit more clarification, specifically for newcomers. Formula In order to calculate the approximated total bitcoin earnings value per month from a mining operation (not taking into consideration mining costs [electricity, hardware maintenance etc]) the following formula…
2017 started with a bang as Bitcoin shot through the $1 mark with no signs of slowing down. As a result I get about 2 emails a day from people around the world who are asking one very simple question: “Should I invest in Bitcoin?” Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t…
Bitcoin Direct CEO Peter Klamka (left) speaks as former boxing champion Mike Tyson looks on at the launch of the world s first Mike Tyson Bitcoin ATM machine on Sept. 24. Getty Images Iron Mike Tyson has moved from bit ears to bitcoin. As strange as it might sound, the chief executive of a bitcoin exchange company has licensed the former heavyweight champ’s name…
Operator details Operator s name: Digital Mint Support phone: (855) 274-2900 On the map: All Digital Mint bitcoin ATM locations Are you operator? Check the list of services we provide. We provide the following services and materials for operators: Location City: Denver Location: New Money Express Business phone: Show number →+1 303-830-2274 IMPORTANT! In case…
Rod Garratt and Rosa Hayes In a previous post, we discussed bitcoin miners’ incentives to undertake a 51 percent attack given the current condition of the bitcoin market. We also speculated that high profits and free entry would cause more miners to enter the market, driving marginal mining profits to zero in the long run. Since then, the price of a bitcoin has…
We owe many of the innovations that we use every day - from our favorite longstanding websites to the latest mobile applications - to the existence of underlying highly technical protocols. Endusers don t need to understand these any more than drivers need to understand the workings of a car engine. Policy makers, however, need to understand the importance of…
Why would we want to buy things with Bitcoin instead of using national currencies? Well, many people are paid directly in Bitcoin for their work. Transaction fees are lower than traditional payment methods and in most countries bitcoin can be used to circumvent taxes. Bitcoin miners are also paid in Bitcoin and investors often need to dig a bit into their Bitcoin…
This week, we’ve invited Ofir Beigel to guest blog for us. We’ll let him take it from here. Recently, scaling bitcoin has been a hot topic for the bitcoin community. Why is this? Well, as bitcoin grows and more users hop onboard, a big priority is to ensure the network can efficiently handle the increasing transaction volume. And lately, many users have been…
Bitcoins cannot be transferred to any fiat currency or any bank account. If you need to liquidify your bitcoins and you want to get fiat currency in exchange, you can sell your bitcoins in Bitcoin exchanges. Alternative is that you directly spend bitcoins on bought products and services. No financial institution will touch bitcoins. In fact, most banks and…
Currency bans occurring in India and Venezuela point to the danger of giving governments monopoly power over the issuance of paper currency. The lack of choice in currencies— a choice that Nobel economist F. A. Hayek argued is essential to prevent the abuse of power and to combat inflation — deprives individuals of the means to protect themselves from the type…
After two years of lackluster returns, the price of a single coin soared more than 100% this year — putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January of that year to an all-time high of $1, 242. Bitcoin’s market capitalization sailed past $14.5 billion as the price of a single…
Before you continue with this article on Trading Bitcoin, we have an impression that you are already familiar with the basics of Bitcoin. If not, you can choose to read our other tutorials before pursuing this one. They are listed in their chronological order as follows: Trading Bitcoin comes with statuary warning, sometimes from one’s own instincts — and sometimes…
I would say that depends on the period you are willing to let the investment be tied in the cryptocurrencies. And that is supported by data from price graphs of the top 20 cryptocurrencies-by market capitalization. In the short term, it is hard to tell whether cumulatively you will make a profit, especially if you are going to apply the same rules to all the…
As Japan prepares to enforce regulations upon bitcoin exchanges in the country this, a development that was encouraged by the local bitcoin industry, the number of merchants accepting the cryptocurrency is expected to quintuple to 20, this year. By 2016’s end, there were over 4, 2 bitcoin-accepting merchants and storefronts in the country, quadrupling from the…
I recently open sourced a bitcoin arbitrage bot written in ruby. Read my explanation of arbitrage if you re unfamiliar with the topic. After putting the project on Github, I . It didn t get any points, but it did receive two comments. The top one was: How is it in your interest to share this? Won t all arbitrage opportunities vanish fairly quickly as more people…
A lot of people ask about investing in bitcoin, or if they should. This piece goes through the pros and cons, and various options. It will cover what bitcoin is, and a bit of the history of the digital currency as an investment vehicle. If you are considering investing in bitcoin, we recommend you do your own research before making any decisions. This guide does…
When I first started writing for CoinDesk, all my friends made the same joke: you aren t going to get paid in bitcoins, are you? I assured all concerned parties that I would work for nothing but US dollars. I made sure to get that in writing. But the more I learn about bitcoin, the more I realize that getting paid in the cryptocurrency would not be as scary as…
Before Bitcoin, there was cryptocurrency. Indeed, it has a long and deep history. If only for the lessons learned, it is worth studying, and indeed, in my ABC of Bitcoin investing, I consider not knowing anything before Satoshi’s paper as a red flag. Hence, a very fast history of what came before. Early Days The first known (to me) attempt at cryptocurrencies…
Bitcoin sportsbooks make it easier than ever to place wagers on major sporting events. Bitcoin sports betting allows players to wager on the results of various sports events like tennis, boxing, soccer, baseball, basketball, cricket, motor sports, rugby and many more. The BTC sportsbooks listed below have all been thoroughly tested by a member of the GamblingBitcoin.com…
To convert Bitcoin into cash, look for a Bitcoin exchange that will allow you to sell your Bitcoin at a reasonable price, for your preferred local currency (such as pesos, dollars, or euros). Most Bitcoin exchanges display their sell price, or offer , in a ticker located at or near the top part of their homepage: The sell price is basically what an exchange…
It’s hard to believe I’ve been working at The Linux Foundation on Hyperledger for four months already. I’ve been blown away by the amount of interest and support the project has received since the beginning of the year. As things really start to take off, I think it’s important to take a step back to reflect and recapitulate why and what we’re doing with Hyperledger…
After the biggest money-printing episode in recorded human history, it appears that central bankers are realizing the limits of quantitative easing. The Federal Reserve (Fed) has indicated that they are planning to raise interest rates when it meets on September 20–21. Federal Reserve Chair Janet Yellen suggested that September and December rate hikes are on…
Right now, everything about Bitcoin is news: Bitcoin millionaires. Bitcoin-funded drug kingpins. Bitcoin ATMs. This week the news focused on a San Francisco man who is opening a Bitcoin pawn shop, and another California man who launched a site advertising jobs that pay in Bitcoin. But there are plenty of aspects of the Bitcoin saga that haven t yet received breathless…
How do I calculate precise profit for my mining hardware? Just specify the power of your hardware (GHS) in the GH/s amount field. Advanced Options also have the following parameters: $ per kW and kW per GH/s . They are also important for mining. Find out more about them in the next question. How does the tool calculate the growth of difficulty, exchange…
