The truth About Bitcoin Mining

When people first hear that you can buy a ‘Special PC’ which magically solves complicated algorithms to ‘create’ these mythical bitcoins they usually do back flips. WHAAAAAT!? I can make 10,203.382 BITCOINS IN A MONTH IF I HAVE XXXX PETAHASH omg GG gogogogogo!! The more prudent investors carefully weigh up the cost of ‘creating’ a bitcoin as opposed to the direct acquisition of the coin itself. Unfortunately they are met…

What to know about Bitcoin wallets

Step 1 – Get a wallet There are many wallets to choose from and here are our recommendations: Web Wallets – Web wallets are the easiest & most convenient to use, but are potentially less secure than wallet software run on your own computer. Blockchain (Recommended) Xapo Coinbase Coinjar Coinpunk Coinkite Software Wallets – Software wallets are downloaded and run from your computer. They’re considered more secure because the user…

What can you buy with bitcoin?

So you finally found a way to buy some bitcoin and you are thinking to yourself “how do I actually spend these bitcoin things? Please note that though it is attractive that we, who enjoy the luxuries of the internet / computers etc are actively looking to utilize the benefits of this revolutionary technology. The world’s biggest necessity is helping to spread adoption to the unbanked or as Andreas Antonopoulos…