Bitcoin has reached new highs in value, but so has its energy consumption cost. Per the Bitcoin Consumption Index Chart, 165 kilowatt-hours (kWh) are consumed for each Bitcoin transaction. To put this in perspective, the average U.S. household consumes about 30 kWh a day. It is generally accepted that the more Bitcoin’s price increases, the more economical it is...
For many startups that have undergone an ICO-stage within the last couple of years, the time following the ICO is more important than the ICO itself, as this is the time when ideas can be truly evaluated on the point of their viability and profitability. To put it more simply, this is the time to get the real work...
One of the new entrants in the crypto universe is OmiseGo (OMG), which was launched just a month ago in mid-July 2017. Since then, the crypto currency had an exponential rise of 1430%, from a mere $0.53 to $8.11. OmiseGO is now teetering on the verge of entering the top 10 crypto currencies and has a current rank of...
An ICO (Initial Coin Offerings) is when a new crypto currency token is offered for sale to the public. ICOs can be compared to the Initial Public Offering (IPO) in the stock market. ICOs were often referred to as the ‘Wild West’ due to their utter lack of regulation. But the crackdown has finally begun! Everything seems to be changing,...
The price of Bitcoin has been surging to new highs in recent times. The #1 crypto currency is now keenly watched by everyone across the globe. Bloomberg Daybreak Asia recently interviewed Aurélien Menant, the CEO and founder of Gatecoin Limited, a popular Bitcoin and Ethereum token exchange based in Hong-Kong. The discussion was mainly centered on the future of...
Google has become the go-to search engine for most users. Nearly 71% of the searches happen through Google currently. What this also means is that Google acts as a primary keeper for the internet. From the ads you see to the search results displayed on the first page, Google presently has the capability to influence user-spending that is literally...
Currently, the cryptocurrency mining market is heavily dominated by large industrial-scale mining pools mainly located in Asia (China - 70%, India – 2%). In China, the access to the hardware is the most direct, because it is manufactured locally, which means it is easy and less costly to acquire. The above factors plus the world’s lowest prices for electricity...
On August 15, the value of Bitcoin hit an all-time high of $4,300, according to CoinMarketCap, indicating a rise of more than 25% in just the last week. The digital currency’s price has more than quadrupled in value this year, from a start of around $990 in January. The recent surge in Bitcoin’s price past the $4,000 mark can...
Bitcoin has been hogging the limelight for a quite a while now, and rightly so. With prices hovering around $4300, the number one crypto currency shows no signs of slowing anytime soon. Bitcoin presently has a whopping $71 Billion market cap. This is nearly half the market cap of the entire crypto currencies. Japan’s Bitcoin Connection Japan had always been...
Crypto currency mining has now become quite lucrative, thanks to the exploding crypto prices. In fact, the overall market cap has already exceeded $154 billion . The increasing popularity of cryptocurrencies is due to their unique features like anonymity, convenience, speed, and profitability. Cryptocurrency Mining Process: Not Quite Easy Mining cryptocurrencies is much more difficult than is let on, as they...
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