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Tech

10 years of Bitcoin, but is it over?

Halloween 2018 marks the 10-year anniversary of the foundations of Bitcoin, the world’s first cryptocurrency. A decade ago today, bitcoin’s mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called “Bitcoin: A Peer-to-Peer Electronic Cash System.” The paper would go on to act as the founding text for the cryptocurrency, and lead to […]

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Tech

Getting started with Bitcoin

Getting started with Bitcoin can appear daunting if you haven’t ever done it before. But to cut it short, let’s get right to the point: If you’re only dipping your toes to your very first time to the phenomenon called Bitcoin, you should head over Coinbase. Now, it’s crucial to know that Coinbase doesn’t possess […]

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Business

Ethereum Mining Rig, not worth it anymore!

A couple of months ago, building an Ethereum mining rig was quite an active sports in the Balkan region, however, building one in the recent months hasn’t been worth it and soon they will be completely obsolete. An Etherum mining rig, is a special type of computer that forms the backbone of the Ethereum network […]

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Business

Bulgarian government sized Bitcoin now worth over $3 billion dollars

A crackdown on organized crime by Bulgarian law enforcement in May resulted in the seizure of more than 200,000 bitcoins – an amount worth more than $3 billion at today’s prices. ConiDesk reported that back in May, government officials seized about 200,000 Bitcoin, then worth about $500 million. Investigators busted a ring of people who […]

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Tech

Bitcoin electricity consumption now larger than regular consumption in the Balkans

The amount of energy expended mining bitcoin globally has exceeded the amount used on average by Ireland and most African nations, according to latest data from Power Compare. Bitcoin’s ongoing meteoric price (now aiming for $20,000 – dec. update 2017) rise has received the bulk of recent press attention with a lot of discussion around […]

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Tech

Has Bitcoin Determined Its Fate As Digital Gold?

Since Bitcoin was first introduced to the world, it’s had a whirlwind journey. It came about as an encrypted digital currency that was meant to challenge conventional money and potentially change the way we conduct financial transactions. And this concept hasn’t necessarily disappeared. Just last year, the CEO of Coinbase wrote that bitcoin would replace […]