If you are new to Bitcoin and cryptocurrency, you might be wondering where to start. Fortunately, there is a plethora of information available. Bitcoin beginner information is available in the form of courses, videos, and books, made just for the newbies looking to obtain some basic knowledge about the new technology. So which approach is right for you? Just read on for a brief description of some of the most popular and helpful resources for Bitcoin beginners.
Have you ever felt anxious about the security of your Bitcoins? With a currency that is entirely digital, knowing how to store your Bitcoins safely from the threat of hackers, scams, and possible data loss is very important.
After all, you are a bank of your own, and there is no consumer protection! Here are the four ways of staying immune to the potential threats in this digital world.
1. Encrypt and back up your wallet
If you do not encrypt your wallet, you may be subject to easily losing your entire Bitcoin collection, and that would be a disaster!
November 11, 2014, London, UK — CEX.IO LTD launched an official mobile application for GHash.IO Mining Pool. The app allows tracking and controlling mining processes on iOS devices in an easy and user-friendly way.
GHash.IO app has been created specifically for individual miners, duplicating main features presented on the pool’s web version. Tracking mining activities with GHash.IO app comprises ease of use and detailed elaboration through real-time stats about user’s hash-rate, workers and balance, presented in the form of charts, tables and diagrams.
Will the Black Friday be bullish or bearish for the price leading up to and a little after the day?
Last week in our analysis, we wrapped up a summary by speculating a possible turn in trend with more signals pointing to a bullish short-term outlook. The market was in a corrective fashion and had been on the decline after taunting a high of $454. This week is unravelling in a fortuitous turn for short-term longs.
Mining is the process by which transactions are added to and confirmed on the blockchain; it also adds fresh coins to the supply as compensation for running the energy-intensive mining hardware.
People mine cryptocurrencies with graphics cards or special ASIC (application-specific integrated circuit) units; however, some coins can only be mined with a PC processor. Miners can mine most coins solo or in a pool. A pool is a team of miners working together to solve a block; the reward is then distributed to the miners based on the number of shares each miner contributed.
One of the first things people think about when they heard the word “bitcoin” is all of the illegal activity that has been associated with the digital currency over the past few years.
Having said that, the ability to use bitcoin for illegal or somewhat illegal transactions is what gives it value in the first place. Bitcoin is a form of censorship-resistant digital money, which means there is only so much that governments can do when it comes to curbing its use among the general public.
Needless to say that crypto-currency communities are well known for their generosity.
Just to name one example, the Dogecoin community and foundation have encouraged fundraising for charities. Along the way, many users are willing to spread the word about Bitcoin: whether it’s telling your friends about crypocurrency or sending a few satoshi to strangers after seeing an interesting read on the Internet. This is where ChangeTip comes in.
Have you ever seen a post on Reddit or perhaps some impressive Bitcoin artwork on Twitter that makes you want to throw a few dollars in the original poster’s direction?
If you’re going to be playing the unpredictable game of the bitcoin market, then you need to be aware of how to control your emotions in times of distress and joy.
Professional traders understand that short term swings are going to happen in particular types of assets, especially something as new and volatile as bitcoin. In order to lock in long term profits on your trades, it’s important to remain practical during the rise of a bubble and after it begins to pop.
Although the days of personal mining are over, there is still plenty of news to cover when it comes to the larger operators in the bitcoin mining industry. Let’s take a look at some of the most important stories in bitcoin mining from the past few weeks.
New Bitcoin Mining Center to Open in Washington
Although other areas of the economy are still struggling to recover from the downturn in 2008, the bitcoin mining industry is booming.
Bitcoin world is closely connected with technology and science, and male developers, innovators, entrepreneurs and researchers rather often dominate in these industries. Fewer women work in the STEM field; most of the attendants at tech-conferences held around the world are men. Despite the global trend of gender equality, fewer women than men have access to the Internet. Therefore, one might not find the lack of female representation in the Bitcoin community striking.
A venue hosting an event focusing on a scientific or technological industry very often accommodates hundreds of men and a number of women amounting to a single digit figure.