Cryptocurrency is a form of digital currency based on the principle that a coin occupies a block of digital space. A good guess will lead you to the conclusion that the blockchain is simply a digital ledger where the transactions are recorded chronologically and publicly.
We have all heard the stories: teenage kid strikes it rich after buying cryptocurrency and holding, or stay-at-home dad makes 6 figure income by trading crypto — and of course, we all want a piece of that. In fact, it’s the reason most people become interested in cryptocurrency. It is essential to understand that while […]
Cryptocurrency is one of the shortest ways to increase your capital drastically, though it is associated with great risks. The most popular and the first mined crypto is Bitcoin (BTC). It was the first and stays the first of all coins.
What is Cloud Mining? Cloud mining means using shared hashing power provided by remote mining farms. All you need for a successful start is your laptop or your phone to get in touch with the service providers and a wallet to withdraw your rewards to.
Decisions, decisions. Now that you’ve decided to get into cryptocurrency mining and chosen your preference of currency, the next step would be to pick a good enough GPU to help you accelerate your computer’s performance and solve each hash as fast as you can.
Bitcoin is rapidly going mainstream, the price hit another all time high in November 2017, reaching more than $11000 per bitcoin. Many other cryptos and altcoins have also increased in value vastly this year. But what does this mean in the real world? Are cryptocurrencies still mainly for price speculation or investment or can you […]
You lined up your racks, you aligned those miners, powered the risers and everything is buzzing nicely, hashing around and, most importantly, drawing power each and every second. Power that costs a lot of money. Power that must be converted to revenue, otherwise all your gear is just scrap iron (and some plastic). So, how […]
If you’re in the crypto universe for more than 4-5 years, then probably you tried to mine at least once, if only for fun. And if you ever mined, if only for fun, then you know how fast things evolved in this area. There was a time when mining with your laptop was actually doable. […]
According to Coinmarketcap, there are almost 1,000 cryptocurrencies (more or less) alive and kicking today. If you decide to enter this market as a trader, this number alone can be overwhelming. Add to that the fact that every cryptocurrency out there has its own unique set of features, its own minting mechanism and its own […]
Mining is still one of the easiest ways to get cryptocurrencies, although the difficulty is constantly increasing. If you’re new to this area, it’s worth mentioning that mining has evolved a lot since it was first announced in the Bitcoin white paper. Mining is the process by which a computer solves a complicated mathematical problem […]