In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
To overcome this problem, mining pools have been created, which are essentially a group of people working together to mine a ‘block’ and then share the rewards. Of course, the reward you will get is a lot smaller than what you would get if you went at it alone, but the chances of you actually getting any reward at all are increased dramatically.
Read More
Bitcoin is, of course, not the only currency out there waiting to be mined. There are hundreds of mining pools out there for a range of different cryptocurrencies, and you can find lists of different pools for each type of digital coin.
Read More
The mining tax is potentially revolutionary because it gives governments a means of profiting from cryptocurrency. Nations with cheap electricity can levy such a tax on mining operations, or pools. Then deposit the proceeds in a wealth fund or the national treasury. Value investors should consider buying national and taxable cryptocurrencies – because they have a lot of potential for growth.
Read More
The situation in Venezuela and Rivers’ bill should be wake up calls to all interested in tech. Luddites are growing in power and getting more aggressive, so everybody interested in modern technology should pay attention. Bitcoin will be their first target, after they are finished with the bitcoin miners the luddites will come for the rest of us.
Read More