Cryptocurrencies are becoming an increasingly popular means of payment all around the globe. With the rise of digital, decentralized currencies such as BitCoin and Ethereum, many people are starting to invest in virtual money. In fact, some economists believe that this may be the definite future of money itself. If …
Read More »Should You Buy a New or Used Gpu for Cryptocurrency Mining?
Cryptocurrency mining was once an arms race that drove up demand for graphics processing units (GPUs). Despite the rising demand for GPUs, the crypto mining gold rush came to an end fast as the difficulty of mining popular cryptocurrencies such as Bitcoin grew at the same time. If bitcoin miners …
Read More »Why Is Crypto Mining So Energy-intensive
Crypto critics frequently point to Bitcoin mining’s negative impact on the environment as a major source of concern, so why is mining so energy-intensive? And, first and foremost, what is Bitcoin mining? Simply stated, Bitcoin mining refers to the process of making new Bitcoins. But it’s more than that: Bitcoin …
Read More »Should You Accept Your Paychecks in Cryptocurrency? 8 Considerations
At some point, you may have the option to accept your paycheck in the form of cryptocurrency, rather than the traditional U.S. official currency you’re used to. You may request this of your employer or your employer may request to pay you this way. Either way, is this a legitimate …
Read More »How Much Power Does A Bitcoin Mining Rig Use?
Bitcoin is a digital currency maintained by a global network of computers that strive to keep the Bitcoin blockchain, a public log of all transactions ever completed on the network, up to date. By lawfully documenting and confirming transactions, bitcoin miners compete for a reward which is 6.23 Bitcoins currently. …
Read More »How to Open a Bitcoin Trading Account – 2024 Guide
The year 2024 has been the year of cryptocurrencies. Even Though crypto was there for a while, it got its boom when the world was under isolation. In India also, the investments of crypto have grown nearly up to $200 billion. The number of new people in the crypto market …
Read More »Is it Possible to Store Bitcoin Offline in Cold Storage – 2024 Guide
Ever since it was first introduced in the real world market, Bitcoin has seen immense growth as a commodity. What started at a value of a few cents was valued at over $60,000 in the last few months. There are many investors out there who invested in Bitcoin early and …
Read More »How Much Electricity Does Bitcoin Consume Globally?
From the very start, man has made sure to survive and protect himself and his family from all sorts of dangers of this world. This is the reason why he has been termed as the most superior being. If we date back in history, we see people defending their honor …
Read More »Are Altcoins Dependent On Bitcoin
We all already know that Bitcoin is the most popular cryptocurrency that defines the whole market. The BTCs rates may go up and down, but it’s still the most wanted crypto, and people are often saying that it’s the gold asset for that market. Altcoins are the other cryptos that …
Read More »How To Tell If You Have A Bitcoin Miner Virus?
As the value of Bitcoin rises, so will the cost of mining it. However, as legal mining expands, so does its illegal facet. The worst part is that we could all fall prey to crypto-monetary cybercrime mining. Cryptojacking is a serious threat to both business and computer users, or for …
Read More »