Mining News in Review: October 31, 2014

Mining News in Review: October 31, 2014

Bitcoin mining was one of the first new industries to rise up out of the invention of cryptocurrency, and there never seems to be a dull day in this new market. With plenty of scandals and fraudsters in the industry, most of the stories seem to focus on how purchasing bitcoin mining hardware usually turns into a poor investment. Having said that, there are still some bright spots in the industry, and that’s where we’ve kept our focus for this week’s review of all the latest mining news.

Continue reading Mining News in Review: October 31, 2014 at CEX.IO Official Blog.

Basic Bitcoin Metrics [Infographic] or Why Bitcoin Rocks This Fall?

Basic Bitcoin Metrics [Infographic] or Why Bitcoin Rocks This Fall?

The Bitcoin ecosystem has seen a significant advancement over the last three months. For example, with the increase in the number of wallets (21%) and sums of investments (41%), the overall Bitcoin market capitalization has grown by 59% and reached $8.3 billion.

CEX.IO has prepared some key infographics to illustrate this. All statistical information is based on CoinDesk’s report State of Bitcoin Q3, 2014.

Continue reading Basic Bitcoin Metrics [Infographic] or Why Bitcoin Rocks This Fall? at CEX.IO Official Blog.

Altcoins Roundup or New Coins You Should Look at

Altcoins Roundup or New Coins You Should Look at

Although support for Bitcoin is probably higher now than it has ever been, many enthusiasts and investors alike are all too aware of its potential problem in sustainability. As anyone who has personally attempted to mine knows, it is extremely energy-consuming and, at this point, almost impossible to produce enough to pay for the energy costs and still make a profit without a decent-sized mining farm. In addition to its sustainability issue, the Bitcoin wallet is a bit lacking in features that many newer altcoins have integrated.

Continue reading Altcoins Roundup or New Coins You Should Look at at CEX.IO Official Blog.

Altcoins Roundup or New Coins You Should Look at

Altcoins Roundup or New Coins You Should Look at

Although support for Bitcoin is probably higher now than it has ever been, many enthusiasts and investors alike are all too aware of its potential problem in sustainability. As anyone who has personally attempted to mine knows, it is extremely energy-consuming and, at this point, almost impossible to produce enough to pay for the energy costs and still make a profit without a decent-sized mining farm. In addition to its sustainability issue, the Bitcoin wallet is a bit lacking in features that many newer altcoins have integrated.

Continue reading Altcoins Roundup or New Coins You Should Look at at CEX.IO Official Blog.

CEX.IO Turns Off Maintenance Cost on October 30th, 10 p.m. to 6 a.m. (GMT)

CEX.IO Turns Off Maintenance Cost on October 30th, 10 p.m. to 6 a.m. (GMT)

Dear users,

Maintenance cost for cloud-based GHS purchased on CEX.IO will not be calculated for the period between 10 p.m. GMT on October 30th and 6 a.m. GMT on October 31st. following the downtime that occurred on past weekends. The company apologises for any inconveniences that the downtime may have caused you and, therefore, offers you a slight compensation — reduction of monthly maintenance fees.

We would like you to know that we care about our users and are willing to do our best to ensure their satisfaction from staying with us.

Continue reading CEX.IO Turns Off Maintenance Cost on October 30th, 10 p.m. to 6 a.m. (GMT) at CEX.IO Official Blog.

What is a Coinbase Transaction?

What is a Coinbase Transaction?

All transactions on the bitcoin network are not created equally. A coinbase transaction is a unique type of bitcoin transaction that can only be created by a miner. This type of transaction has no inputs, and there is one created with each new block that is mined on the network. In other words, this is the transaction that rewards a miner with the block reward for their work. Any transaction fees collected by the miner are also sent in this transaction.

Continue reading What is a Coinbase Transaction? at CEX.IO Official Blog.

4 Posts On /r/bitcoin, October 27, 2014

4 Posts On /r/bitcoin, October 27, 2014

Reddit is a weird place. It is the main source of the Internet talk, news and a good laugh. Yes, reddit has it all. What bubbles to the top on one day, may easily be forgotten on another.  Here is the list of four posts on /r/bitcoin that were recently discussed.

Apple Pay Is Not Competition For Bitcoin

While Apple unveiled its new expanded payment platform in September, not everyone was excited with its plans so far.

Continue reading 4 Posts On /r/bitcoin, October 27, 2014 at CEX.IO Official Blog.

4 Posts On /r/bitcoin, October 27, 2014

4 Posts On /r/bitcoin, October 27, 2014

Reddit is a weird place. It is the main source of the Internet talk, news and a good laugh. Yes, reddit has it all. What bubbles to the top on one day, may easily be forgotten on another.  Here is the list of four posts on /r/bitcoin that were recently discussed.

Apple Pay Is Not Competition For Bitcoin

While Apple unveiled its new expanded payment platform in September, not everyone was excited with its plans so far.

Continue reading 4 Posts On /r/bitcoin, October 27, 2014 at CEX.IO Official Blog.

Successful Trading with CEX.IO: Keeping a Trading Record or Diary

Successful Trading with CEX.IO: Keeping a Trading Record or Diary

As part of a disciplined approach to trading it is vitally important to keep a diary and track your trading activities. It is especially true for novice or new traders, but equally for a trader of experience.

There is no wrong or right way to keep such records. Using a method that best suits your personality or way of working would be recommended rather than just using someone else’s approach (although researching what others do is a good idea).

Continue reading Successful Trading with CEX.IO: Keeping a Trading Record or Diary at CEX.IO Official Blog.