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
In this post, I’ll try to give you some information on fun activities you can do with Bitcoin besides gambling. Play games and earn Bitcoin Tremor Games - Tremor Games has many different flash games. You can earn 'Tremor coins' for playing games and when you have an amount large enough you can exchange it … Continue reading Fun Activities You can do With Bitcoin
The size of the blockchain is indeed a serious problem, but in relative terms as the cost for providing an immutable digital entity it is quite justified. I can wholeheartedly sympathize with your predicament with the blockchain size being too large to incorporate a node on your machine and as do many other people. I … Continue reading The Problem with Bitcoin Block Size
Like every investment, Bitcoin carries certain risks. I'll list all the risks that cross my mind below: 1. High volatility The price of Bitcoin is highly volatile. Typical 30-day volatility is around 40 percent and 90-day volatility is close to 70 percent. These swings in value are hard to stomach for many people. Although the … Continue reading What are the Risks of Bitcoin?