Bitcoin allows an individual to make multiple addresses through which they may facilitate transactions on a large scale. One person may create numerous address and wallets which aren’t even required to be linked to each other in anyway. Here’s an important article that I think would add credibility to this inquiry: What if a black … Continue reading Why Bitcoin is Used for Illegal Activities
There are numerous mobile wallet providers for transacting Bitcoin. Most of the Mobile wallets seen on Play Store or Itunes are products of Exchanges or companies that offer Bitcoin-related services. It is recommended that one understand the risks and liabilities that entail by using a wallet provided that particular company or institution since more often … Continue reading What Is the Best Bitcoin Mobile Wallet?
The founder of Bitcoin is known as Satoshi Nakamoto on Internet, but his true identity is quite unknown in reality. For all we know, Satoshi Nakamoto could be anyone in the whole Wide World behind a pseudonym. One cannot determine accurately how much Satoshi Nakamoto made due to the fluctuation of the price of Bitcoin, … Continue reading How Much Money did the Founder of Bitcoin Make?
In theory, it's possible to mine Bitcoins with an old computer, but it wouldn’t be profitable. If you’re looking to mine for Bitcoins you need to invest into equipment. Of course, equipment isn’t cheap. If you want to mine for cryptocurrencies at home, you can purchase everything you need on Amazon. And it won’t cost … Continue reading Debunking the Myth – Using an Old Computer for Bitcoin Mining
For mining altcoins, you usually need GPU mining rig. Before I proceed: Warning - equipment can cost you a lot, depending on how fast you want your system to run. If you want to mine for cryptocurrencies at home, you can purchase everything you need on Amazon. And it should cost you less than in … Continue reading How to Build a Mining Rig for Altcoins
There are many good exchanges with strong liquidity. Below there’s a list of trading platforms that could help you buy or sell a high amount of Bitcoin. Here’s what I found after some research: BitStamp Poloniex Coinbase GDAX These exchanges have daily volume which exceeds thousands of Bitcoins and their fees are relatively low. But … Continue reading Where to Exchange Large Quantities of Bitcoin
Bitcoins are released within the network and are solely monitored based on transactions embedded within the blockchain. Bitcoins cannot be made or created externally for it will not be recognized within the blockchain and what’s not recognized by the network of miners gets rejected by the protocol. Bitcoins can be obtained directly by solely one … Continue reading How and Where to Get Bitcoins?
You can buy Bitcoins in the following Chinese exchanges: 1. Huobi Huobi was one of the “Big Three” exchanges in the world, and it claims to have reached a record amount of 380,000 BTC traded daily on February 25, 2014. Their trading volume fell drastically when the Chinese government decided to implement the law against … Continue reading How to Buy Bitcoin in China
According to the Whattomine.com the highest profits could be acquired from mining the following cryptocurrencies: Zclassic(ZCL) - with current profitability of 177 percent and a 7-day profitability of 260 percent Zcash (ZEC) - with current profitability of 179 percent and a 7-day profitability of 131 percent Nicehash-Equihash - with current profitability of 150 percent and … Continue reading Best Alternatives to Bitcoin Mining
By a “Blockchain Simulator” if you mean a test environment where you can test different methods prior to executing them on a live blockchain where its impacts bear large-scale effects by trial and error, then certainly there are a couple of options you could try out. IBM Hyperledger: The IBM hyperledger eliminates the need for … Continue reading 5 Types of Blockchain Simulators