minning

Short History of Bitcoin

Bitcoin is the premier cryptocurrency of the world. It is a peer-to-peer currency and transaction system based on a decentralized consensus-based public ledger called blockchain that records all transactions. Now the bitcoin was envisaged in 2008 by Satoshi Nakamoto but it was a product of many decades of research into cryptography and blockchain and not just one guy’s work. It …


Bitcoin Vs Goldcoin

Bitcoin… Monetary Nirvana? If you don’t know what Bitcoin is, do a bit of research on the internet, and you will get plenty… but the short story is that Bitcoin was created as a medium of exchange, without a central bank or bank of issue being involved. Furthermore, Bitcoin transactions are supposed to be private, that is anonymous. Most interestingly, …

How To Do Cloud Mining Using Genesis Mining

Practicing mining these times has become an activity that few can maintain, due to the high costs and maintenance of equipment, along with the payment of associated services of electricity and Internet. That is why this practice has been centralized in few places in the world, where electricity costs are low enough to make mining production profitable. From these difficulties …

The Definition of Bitcoin

Bitcoin is known as the very first decentralized digital currency, they’re basically coins that can send through the Internet. 2009 was the year where bitcoin was born. The creator’s name is unknown, however the alias Satoshi Nakamoto was given to this person. Advantages of Bitcoin. Bitcoin transactions are made directly from person to person trough the internet. There’s no need …

The Bitcoin Mining Game Has Changed

ASCI or application-specific integrated circuit machines have arrived in the Bitcoin mining market. The first machine arrived at a miner’s home in late January and ever since reports have been trickling in of shipped ASCI machines finding their way into miner’s Bitcoin mining rigs. Since ASCI machines are designed specifically for the task of mining Bitcoin, they are highly effective …

Why Is Bitcoin Cloud Mining the Way Forward?

Cloud mining allows you to access data centre processing capacity and obtain cryptocoins without the need to purchase the right hardware, software, spend money on electricity, maintenance, and so on. The essence of cloud mining is that it allows users to buy the processing power of remote data centres. The whole cryptocoin production process is carried out in the cloud, …

What Is Bitcoin?

Bitcoins have become a very well known and popular form of currency over time. Though, what exactly is Bitcoin? The following article will go over the in’s and out’s of this currency that popped up out of no where and spread like a wildfire. What makes it different from normal currencies? Bitcoin is a digital currency, it is not printed …

Bitcoin Mining – A Phenomenon That Involves a Bit More Than Number Crunching

The charismatic cryptocurrency and the numerous thoughts that crop up in the minds of the onlookers often surround few obvious questions – how does it come into being and what about its circulation? The answer, however, is straightforward. Bitcoins have to be mined, in order to make the cryptocurrency exist in the Bitcoin market. The mysterious creator of Bitcoin, Satoshi …