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Bitcoins in hand

Mining Bitcoins the Easy Way: Cloud Mining

Bitcoins work like cash, but you mine them like gold. So how do you start ‘mining’ them? If you are willing to take the risk (upfront investment, like real mining) and if you do it properly, you can actually successfully mine a few Bitcoins. With a single Bitcoin currently trading at $476.56 as of September 17th, 2014, there are rich dividends to be reaped. We will let you know that there are actually better ways to mine Bitcoins than investing in chunky hardware, especially if you are on a budget. There are also other drawbacks of buying hardware to mine
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Bitcoin as a currency

Where is Bitcoin Headed in the Next Five Years?

When you talk about Bitcoins, you will find either passionate advocates of the cryptocurrency or skeptical cynics, who denounce it. There are hardly any fence sitters. There is currently a debate going on about the future of the digital currency, about its pros and cons. It is really democratizing the global fiscal structure? One of the topics under discussion is its long term viability, in the light of the recent collapse of the largest Bitcoin trading platform in the world, Mt. Gox and hacking into Bitcoin wallets. Here we will try to give our analyzes of where the currency is
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Bitcoin trends

Unstable Bitcoin Values Leaving You Hot Under the Collar? Will Bitcoin be Replaced by a New Cryptocurrency Soon?

The short, yet still wholly undetermined answer to the title question is: No. Bitcoin is still a very young currency – there are bound to be a few bumps along the way. How many countless dollars have been stolen from banks over the years? How many dollars, Yen, Pounds, etc., have been counterfeited? We (humans) find value in some of the strangest things. And where there’s value, there’s speculation related to supply, demand, security, world events, etc., that will cause that value to go way up – then sink way back down – only to shoot for the skies again.
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Bitcoins

Fiat Currencies and Bitcoins: Are They the Same Thing?

“We invented money and we use it, yet we cannot…understand its laws or control its actions. It has a life of its own.” – Lionel Trilling. The answer to the title question is obvious to those of you who understand how currency works, but you stopped in to read this because you love reading everything and anything you can about cash, and understand that you can never know too much, right? Those of you who understand nothing about money, other than it comes in the form of paper or coins and that you (really) like it, will definitely learn a
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