Bitcoin

Blockchain for Dummies

Few technologies have the ability to create such a buzz as Blockchain. Since its creation in 2008, it has been at the forefront of many technological conversations and is often hailed as a game-changer in a variety of industries. So, what is Blockchain? In its simplest form, it is a digital ledger that records transactions…
How Long Does It Take to Mine 1 Bitcoin?

How Long Does It Take to Mine 1 Bitcoin?

Hey, let’s imagine that you just won a lottery and won 10 Bitcoins! How long would it take to mine those 10 Bitcoins? Mining 1 BTC doesn’t take a lot. We can assume that you have powerful hardware available with you. You need to know about bitcoin mining, how the process works, and what you…

1 in 1.3 Million: Bitcoin Solo Miner Beats Chance To Mine A BTC Block

Bitcoin miner beats 1 in 1.3 million chances to mine a Bitcoin block. Bitcoin mining is an expensive and competitive business, but not all miners are competing for the same reward – Bitcoin blocks. The Bitcoin network automatically adjusts difficulty so that BTC blocks are mined every 10 minutes on average, with the current rate…

Impact of Kazakhstan on Bitcoin Miners

How are people who mine for bitcoins reacting to Kazakhstan’s new regulations? Kazakhstan is the latest country to create Bitcoin mining regulations. While there was no law the Kazakhstan government simply shut down The internet in Kazakhstan because of the large Bitcoin mining farms, that dud led to a drop off in the mining rate….
Can Cryptocurrencies Go Green?

Can Crypto Go Green?

Incorporation investors have become reluctant to support a growing asset class. In May, Tesla CEO Tesla said the firm wouldn’t accept vehicle payments made using Cryptocurrency because the industry had become regularly more dependent on renewable energy to mine Bitcoin. The media frenzy over Cryptocurrency remains temporarily in the hands of many institutional investors despite…

Whoops! Crypto Wallet Lost My Money – Crypto Missing from Wallet

It’s a story that we have all heard before. You set up your crypto wallet and the next thing you know, it disappears. Well, I’m here to tell you that my day didn’t go so well either! As I was checking my balance from time to time with Wallet, one day I noticed that there…

Will Crypto Mining Ever Become Obsolete?

Crypto Mining Crypto mining is the process of verifying and adding new transactions to the blockchain. Miners are rewarded with crypto tokens for verifying and committing transactions to the blockchain. The more tokens a miner has, the more likely they are to be able to commit a new block and receive the associated rewards. Mining…

Do You Need an Internet Connection to Mine Crypto

Almost every day, mining cryptocurrencies is being talked about in the news. But what are mining cryptocurrencies? Mining cryptocurrency is a process of mining for crypto coins by using your computer to solve complex cryptographic puzzles which result in blocks of coins being released into circulation. What you may not know is that mining cryptocurrency…

Crypto Home & Commercial Mining and Sep 2021 China Ban

Crypto Home & Commercial Mining Key Takeaways Mining allows you to earn cryptocurrencies without putting money into them. Mining holds a magnetic pull for many investors interested in cryptocurrencies, as miners are rewarded with crypto coins for their work. However, crypto-mining is a complex, resource-intensive, and expensive process. Growing Crypto mining worldwide Crypto mining is…

China Crypto Ban

Beijing is the most comprehensive pending ban on trading in cryptocurrencies and mining in a major economy, forcing cryptocurrency exchanges and service providers to cut ties with customers in mainland China. As China’s powerful regulators step up a crackdown on cryptocurrencies, a blanket ban on cryptocurrencies and mining has hit Bitcoin and other major rivals,…