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.

8 Reasons to Fall in Love With Cryptocurrency

8 Reasons to Fall in Love With Cryptocurrency

While there are many talks regarding the future of cryptocurrency and latest digital technologies upcoming, the Bitcoin community is instantly growing. Still, there are lots of those who literally keep calm and are totally unaware when it goes to all the numerous opportunities the cryptocurrency offers. Here is the short-list of reasons to fall in love with it:

1. You can take your cryptocurrency wallet anywhere without the annoying travelling fees.

Continue reading 8 Reasons to Fall in Love With Cryptocurrency at CEX.IO Official Blog.

CEX.IO Upgrades Fiat Beta to the Official Release and Expands the Range of Trading Pairs

CEX.IO Upgrades Fiat Beta to the Official Release and Expands the Range of Trading Pairs

September 22, 2014, London, UK, — CEX.IO, the leading crypto exchange in the Bitcoin community, announced today about successful upgrading fiat beta to the official release and accepting US dollar via bank transfers and payment cards.

Fiat money addition is a really long-awaited feature for CEX.IO users. From now on, traders can simply buy Bitcoin and cloud mining power (GHS) for USD, and withdraw earnings at one place.

“Adding USD to CEX.IO gives us a strong push towards a full-operational exchange,” commented Jeffrey Smith, CIO of CEX.IO.

Continue reading CEX.IO Upgrades Fiat Beta to the Official Release and Expands the Range of Trading Pairs at CEX.IO Official Blog.

Scotland and Bitcoin – a Lesson From The History

Scotland and Bitcoin – a Lesson From The History

What comes to mind when you think about Scotland? Is it the image of kilt-clad highlander belting out haunting laments from his bagpipe? Or is it Glencoe with its majestic rugged mountains? In many ways, there is about something for everyone in Scotland.

As I write this, Scotland has voted nay, and chosen to stay. Listening to the Prime Minister’s statement on the result of the plebiscite, one gets the feeling that a rubicon has been crossed.

Continue reading Scotland and Bitcoin – a Lesson From The History at CEX.IO Official Blog.

Scotland and Bitcoin – a Lesson From The History

Scotland and Bitcoin – a Lesson From The History

What comes to mind when you think about Scotland? Is it the image of kilt-clad highlander belting out haunting laments from his bagpipe? Or is it Glencoe with its majestic rugged mountains? In many ways, there is about something for everyone in Scotland.

As I write this, Scotland has voted nay, and chosen to stay. Listening to the Prime Minister’s statement on the result of the plebiscite, one gets the feeling that a rubicon has been crossed.

Continue reading Scotland and Bitcoin – a Lesson From The History at CEX.IO Official Blog.

CEX.IO Launches Plugchain — an Open API to Build Smart Bitcoin Applications

CEX.IO Launches Plugchain — an Open API to Build Smart Bitcoin Applications

September 15, 2014, Jeffrey Smith, CIO of CEX.IO presented our brand new service called Plugchain — an open API created for building smart crypto applications. Official presentation was held at the afterparty within Inside Bitcoins London conference.

Plugchain is a platform devoted to building Bitcoin applications using developers’ knowledge outside of Bitcoin and enabling to create handy crypto apps faster than before.

Plugchain service delivers clear API to receive the necessary information.

Continue reading CEX.IO Launches Plugchain — an Open API to Build Smart Bitcoin Applications at CEX.IO Official Blog.

CEX.IO Launches Plugchain — an Open API to Build Smart Bitcoin Applications

CEX.IO Launches Plugchain — an Open API to Build Smart Bitcoin Applications

September 15, 2014, Jeffrey Smith, CIO of CEX.IO presented our brand new service called Plugchain — an open API created for building smart crypto applications. Official presentation was held at the afterparty within Inside Bitcoins London conference.

Plugchain is a platform devoted to building Bitcoin applications using developers’ knowledge outside of Bitcoin and enabling to create handy crypto apps faster than before.

Plugchain service delivers clear API to receive the necessary information.

Continue reading CEX.IO Launches Plugchain — an Open API to Build Smart Bitcoin Applications at CEX.IO Official Blog.

A Brief History of Money: From the Gold Standard to Bitcoin

A Brief History of Money: From the Gold Standard to Bitcoin

After World War I Great Depression and inflation in Germany brought the world economy into a crisis. Rise of Fascism and the war that followed, allowed a new system to come in order.

Bretton Woods Agreement created a “gold standard”. With the new system, many countries fixed their exchange rates relative to the U.S. dollar, and central banks could exchange their funds into gold at the official exchange rate of $35 per ounce; this option was not available to firms or individuals.

Continue reading A Brief History of Money: From the Gold Standard to Bitcoin at CEX.IO Official Blog.

A Brief History of Money: From the Gold Standard to Bitcoin

A Brief History of Money: From the Gold Standard to Bitcoin

After World War I Great Depression and inflation in Germany brought the world economy into a crisis. Rise of Fascism and the war that followed, allowed a new system to come in order.

Bretton Woods Agreement created a “gold standard”. With the new system, many countries fixed their exchange rates relative to the U.S. dollar, and central banks could exchange their funds into gold at the official exchange rate of $35 per ounce; this option was not available to firms or individuals.

Continue reading A Brief History of Money: From the Gold Standard to Bitcoin at CEX.IO Official Blog.

Bitcoin Mining With GHash.IO: First Results

Bitcoin Mining With GHash.IO: First Results

The number of Bitcoins mined on GHash.IO has gradually been increasing from August 2013 to August 2014.

Several elevated points are obviously present — October 2013, January 2014 and June 2014. From August 2013 to October 2013 the rise of Bitcoins mined at GHash.IO was rather drastic — the amount of Bitcoins tripled in October 2013 comparing to August 2013 totalling in 32,250 BTCs. The amount of BTCs mined at GHash.IO stabilised in November 2013 and continued to grow throughout December 2013, reaching another peak in January 2014 with the total of 41,200 BTCs.

Continue reading Bitcoin Mining With GHash.IO: First Results at CEX.IO Official Blog.