What Are The Mining Options At GHash.IO And Why Do You Need To Know About Them?

What Are The Mining Options At GHash.IO And Why Do You Need To Know About Them?

GHash.IO gives miners the possibility to choose from the widest variety of mining options available on the cryptomarket, including cloud mining, hardware mining, merged mining, MultiPool Pro, and trading on CEX.IO. Each option has specific characteristics as well as technical and financial features. The table located on the GHash.IO’s main page gives the miners the opportunity to analyse the benefits of each mining option in relation to the variety of the cryptocurrencies that can be mined on GHash.IO.

Continue reading What Are The Mining Options At GHash.IO And Why Do You Need To Know About Them? at CEX.IO Official Blog.

What Are The Mining Options At GHash.IO And Why Do You Need To Know About Them?

What Are The Mining Options At GHash.IO And Why Do You Need To Know About Them?

GHash.IO gives miners the possibility to choose from the widest variety of mining options available on the cryptomarket, including cloud mining, hardware mining, merged mining, MultiPool Pro, and trading on CEX.IO. Each option has specific characteristics as well as technical and financial features. The table located on the GHash.IO’s main page gives the miners the opportunity to analyse the benefits of each mining option in relation to the variety of the cryptocurrencies that can be mined on GHash.IO.

Continue reading What Are The Mining Options At GHash.IO And Why Do You Need To Know About Them? at CEX.IO Official Blog.

5 Ways to Explain Bitcoin to Your Friends

5 Ways to Explain Bitcoin to Your Friends

For us, true Bitcoin fanatics, explaining Bitcoin to the friends can be challenging and often as effective as talking to a wall. Here are 5 ways that could help you thrive if you are looking to turn your fellows to Bitcoin lovers:

1. It’s money, but on the Internet!
The easiest way to explain it is by referring to Bitcoin as “Internet money” that has no physical state, and every transaction is processed using an Internet connection.

Continue reading 5 Ways to Explain Bitcoin to Your Friends at CEX.IO Official Blog.

CEX.IO Adds Euro Support

CEX.IO Adds Euro Support

We are proud to announce adding Euro support to CEX.IO Bitcoin Crypto Exchange. With the new pairs, traders will be able to buy and sell Bitcoin, Litecoin and Dogecoin for Euro. It is the second fiat currency for CEX.IO following the release of USD, which has been officially open for trading on September 23.

Euro is the second most traded currency in the world used as an official local currency by over 334 million people in 18 countries of the European Union, as of 2013.

Continue reading CEX.IO Adds Euro Support at CEX.IO Official Blog.

Five New Altcoins

Five New Altcoins

 

As altcoin exchanges constantly add new currencies, it is important to watch for prominent new coins being developed. The extremely energy intensive mining processes for bitcoin and litecoin are becoming more difficult to sustain and may one day have to be replaced by one of these newer, more environmentally-friendly currencies.

Fibre

Fibre is a new currency using the NIST5 mining algorithm with a total supply of 624563 coins and a 5% annual proof of stake interest rate.

Continue reading Five New Altcoins at CEX.IO Official Blog.

Education for Bitcoins

Education for Bitcoins

 

With more and more businesses and organisations accepting Bitcoin every day, there is sure to be an interest in using Bitcoin to pay for education. While Bitcoin acceptance still has much progress to be made, especially in schools and universities, there are a few places where students who wish to further their education and pay their tuitions with the digital currency.

King’s College — New York, NY, USA

The King’s College in New York city claims to be the first accredited college in the United States to accept Bitcoin.

Continue reading Education for Bitcoins at CEX.IO Official Blog.

Dogecoin and Litecoin as an Example of Merged Mining

Dogecoin and Litecoin as an Example of Merged Mining

Over the past few months, merged mining has become a rather hot topic of conversation. Dogecoin can now be merge mined with Litecoin, and merged mining is also at the core of the sidechains proposal for Bitcoin currently under production from Adam Back and Austin Hill. Namecoin was one of the first major cryptocurrencies to benefit from merged mining, but many people are still confused as to what it is and how it works. Let’s take a closer look at merged mining by using Dogecoin and Litecoin as an example of how it all works.

Continue reading Dogecoin and Litecoin as an Example of Merged Mining at CEX.IO Official Blog.

Successful Trading with CEX.IO: Introduction to Position Sizing and Risk

Successful Trading with CEX.IO: Introduction to Position Sizing and Risk

The effective management of risk is a key component to any trading strategy. If you approach any market without having included strategies to address risk and loss, then the most likely outcome will be uncontrolled loss. Risk management is your survival tool.

Position Sizing (the calculation of the value of your trade) enables you to implement risk control aligned to your tolerance of loss (we all have a different level of tolerance), your available trading capital and the trading style you are using.

Continue reading Successful Trading with CEX.IO: Introduction to Position Sizing and Risk at CEX.IO Official Blog.

CEX.IO Updates Mining Hardware and Halves Maintenance Cost at Company’s Expense

CEX.IO Updates Mining Hardware and Halves Maintenance Cost at Company’s Expense

September 23, 2014, London, UK — CEX.IO lowers maintenance cost from $0.18 to $0.105 for 1 GHS per month by the means of upgrading hardware for mining Bitcoins in the cloud and arranging the lowest possible electricity cost terms for hosting ASICs.

CEX.IO Bitcoin Crypto Exchange and world’s first cloud mining provider has recently announced about optimizing its cloud mining service and almost halving costs for maintaining GHS (Gigahashes per second).

Continue reading CEX.IO Updates Mining Hardware and Halves Maintenance Cost at Company’s Expense at CEX.IO Official Blog.

What is Maintenance Cost?

What is Maintenance Cost?

Bitcoin mining involves consumption of an excessive amount of electricity and the necessity of constant hardware supervision. Both, mining with personal hardware and Cloud mining, are subject to the maintenance cost.

Cloud mining, which is rapidly gaining popularity, is considered to be one of the most profitable ways of crypto-mining, and in this case the maintenance fee is distributed among the miners according to their share of the mining power. The maintenance costs can only be charged if the user owns cloud-based mining power, and it is being charged for the sole purpose of covering electricity and servicing expenses.

Continue reading What is Maintenance Cost? at CEX.IO Official Blog.