CEX.IO Lowers Maintenance Costs

CEX.IO Lowers Maintenance Costs

CEX.IO announces lower maintenance costs for owners of GHS. The previous cost was estimated at $0.30, but is now lowered to $0.26 for 1 GHS per month. The maintenance costs on these cloud-based mining commodities are used to pay for costs of electricity, hardware maintenance, and data centre upkeep. The main reason for this drop in maintenance costs is due to working closely with hardware providers who can provide nearly free upkeep costs. This drop in maintenance costs for holders of GHS should lead to long-term savings for investors.

Continue reading CEX.IO Lowers Maintenance Costs at CEX.IO Official Blog.

CEX.IO announces competition!

CEX.IO announces competition!

Take part in our competition and win 5 GHS, 10 GHS or even 20 GHS!

Our rules are pretty simple. All you need to do is to create advertising for CEX.IO platform. You are welcome to use your imagination and make any of these: poster, video, audio etc. Be sure to mention ‘CEX.IO’ and ‘Bitcoin’ words in your ad.

Post your final piece online via Facebook. After you publish it on your personal page, share the link with us.

Continue reading CEX.IO announces competition! at CEX.IO Official Blog.

Bitcoin and Banks: Current and Future Relationships

Bitcoin and Banks: Current and Future Relationships

As of now, Bitcoin and banks are just like water and oil, you shake them together up a bit, but eventually after time they slowly separate. How is possible for banks to integrate Bitcoins into their system, or maybe just peacefully coexist?

Legal Boundaries

One of the main reasons banks haven’t started accepting Bitcoin is that according to many countries laws, it’s not money, let alone legal tender. If we want Bitcoin and possibly even other cryptocurrencies in the future to be accepted just like cash, the government will have to allow it, as banks are federally insured and ran by the government.

Continue reading Bitcoin and Banks: Current and Future Relationships at CEX.IO Official Blog.

Bitcoin Accepted Here: Overstock.com

Bitcoin Accepted Here: Overstock.com

Throughout the year more and more local and international companies have been opening their doors to Bitcoins, the innovative digital currency and a pioneering peer-to-peer payment system. Overstock.com is probably the largest retailer that have embraced the possibility of providing its customers with a revolutionary payment method accepting this crypto-currency.

The company introduced this feature on January 9, 2013, and by March 2014 Bitcoin owners have purchased goods for more than $1 million, significantly excelling the expectation of the online retailer.

Continue reading Bitcoin Accepted Here: Overstock.com at CEX.IO Official Blog.

Is There a Future in Solar Bitcoin Mining?

Is There a Future in Solar Bitcoin Mining?

One of the main factors people look at when it comes to mining any form of cryptocurrency is the overall cost of electricity. There are many variables that go into the total cost of mining, but none of them are more important than the cost of powering the mining devices. Many people think that using a form of renewable energy, such as the Sun, is the way to cut mining costs, but is there really a future in mining bitcoins with solar power?

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Bitcoin ATMs: What Are They?

Bitcoin ATMs: What Are They?

A Bitcoin ATM is a machine that works just like any other ATM, it’s a device that allows you to buy or sell Bitcoins with cash without the need of a human. Some are also accepting other popular cryptocurrencies such as Dogecoin and Litecoin.

History of Bitcoin ATMs

The first Bitcoin ATM was the Robocoin ATM and was available for operation starting October 29, 2013 in Vancouver where it then handled 1,000,000 CAD in volume the following month.

Continue reading Bitcoin ATMs: What Are They? at CEX.IO Official Blog.

What are Multipools and How Do They Work?

What are Multipools and How Do They Work?

Multipools in cryptocurrency mining are basically used to take out a lot of guess work involved with figuring out which cryptocurrency should be mined at any given time. The most profitable cryptocurrency for miners can change by the second, so it’s important for a miner to be on top of these changes in the market. While Dogecoin could be the most profitable coin to mine right now, it may actually be better to mine Worldcoin at a point later in the day.

Continue reading What are Multipools and How Do They Work? at CEX.IO Official Blog.

Where to spend your Bitcoins: Introduction

Where to spend your Bitcoins: Introduction

Despite the fact that Bitcoin has made significant progress towards becoming the world’s first truly global currency over the past few years, many people are hesitating whether they should start using Bitcoin on a daily basis or not. The main reason is that for the vast majority of purchases, online and in real life, Bitcoin seems to be pretty much useless. In order to destroy this myth we start publishing a series of reviews that will tell you about the most reliable services and places, which accept Bitcoin all over the world.

Continue reading Where to spend your Bitcoins: Introduction at CEX.IO Official Blog.

The Best Books on Bitcoin

The Best Books on Bitcoin

When trying to learn everything there is to know about a complex topic such as Bitcoin, it’s important to make sure that you’re getting all the facts from the right source. While reading Satoshi Nakamoto’s original Bitcoin white paper is always the best place to start, it doesn’t paint the whole picture when it comes to how Bitcoin works in the mind of someone who isn’t already an expert in computer science, cryptography, and other topics.

Continue reading The Best Books on Bitcoin at CEX.IO Official Blog.