4 Advantages Of Crypto Mining vs. Trading Crypto
Cryptocurrencie’s are taking the world by storm. They are fast becoming a more trusted form of currency to use, especially in countries experiencing economic turmoil, and with people and organisations who no longer trust the traditional form of the banking system. There are many ways to obtain and enter the crypto space, with mining and trading being the two most popular. When mining Crypto’s, we must understand that they are mined into existence, or, they are bought into circulation. By doing so as a miner, you are rewarded for this in the form of Crypto’s. For example, when mining Bitcoin …
NGS CRYPTO TO GIVE AWAY $1 MILLION IN IMA’s TO CELEBRATE THE FESTIVE SEASON
NGS Crypto knows how to celebrate what a wonderful and successful year it has been, so much so, they are giving away $1 million worth of Initial Mining Agreements (IMA’s)! The first of its kind! With the festive season upon us, Christmas is just around the corner and the New Year fast approaching, NGS knows that there is no better time to show their valued and loyal members the appreciation and gratitude they deserve for their continued support. This promotion is the first of its kind for NGS Crypto, and it is a great opportunity for members and friends and …
BITCOIN MINERS MAKE $16 BILLION IN BOCK REWARDS IN 6 YEARS
The price of Bitcoin (BTC) is still very volatile, and as we witnessed over the weekend we saw the price of BTC wildly swing from as low as $7,600 to a high of $10,070 in as little as 24 hours. However, this is the cruel nature of trading BTC, where mining BTC on the other hand has had a much silkier ride, especially in more recent years. We witnessed the bull run of 2017, which was responsible for a number of changes to the crypto space during this time. Before this, very few people had heard of or were educated …
BTC PRICE UP BY 838 MILLION PERCENT IN LAST 10 YEARS
There has been no other asset in history like Bitcoin (BTC). BTC has made astonishing amounts of progress that no other asset has experiences in term of gains in value, and its digital scarcity mechanism has undoubtedly worked and passed the market test as we see the price continue to increase even in regard of the amount of volatility that BTC is currently experiencing. If we look at the history of BTC over the last ten years the upward movement cannot be disagreed with. This time ten years ago just over 5000 Bitcoins were sold for just over $5 in …
BTC: THE GREATER THE STORM, THE GREATER THE RAINBOW
If you follow the price of Bitcoin (BTC) you will have definitely noticed over the last few weeks that BTC has continued to hold a sideways position, and dropping from a high of around $12,000 USD back down to hold around the $8,000 mark. Bitcoin trader and well known activist on Twitter “Crypto Michael” suggests that the longer the current sideways accumulation continues for BTC, the stronger the next Bull Run will be for the top ranked digital currency. “If this was a real parabolic move, Bitcoin would already be back at $6,000 by now. The longer we range and …
BTC – THE BEST PERFORMING ASSET EVER “STILL VERY CHEAP”
Earlier this year (2019) the Wall Street Journal crowned Bitcoin (BTC) as the best investment of 2019, and the biggest winner, running circles around all other asset classes. One Bitcoinist article reported, “It’s better than gold. It’s better than Apple Stock. 30 percent of young adults prefer Bitcoin to stocks.” BTC is still considered to this day a “safe haven asset”, with a leading analyst stating that Bitcoin’s rally is just getting started, and there are many reasons for this. Bitcoin is undervalued Raoul Pal, former executive of Goldman Sach’s European Hedge Fund sales business claims that Bitcoin is “still …
“PRICE FOLLOWS HASH” – BTC NETWORK POWER NEARS 90 QUINTILLION HASHES PER SECOND
The computing power of the Bitcoin (BTC) network reached an all time high in early August, and we have just seen another sharp increase with the hashing rate growing by 25 percent in just one week. Data from the monitoring resource Blockchain now puts Bitcoins hashing rate at a mind blowing 87 quintillion hashed per second, as of the 3rd September 2019. The hash rate refers to the overall computing power that is involved in processing Bitcoin transactions. The more hashing power a Blockchain, Bitcoin network or system of computers has, the more power is available to them, this then …
BITCOIN MINING TOPS $14 BILLION IN REVENUE
In recent data published by Coin Metrics, Bitcoin mining revenue has gone to an all time high breaking $14 billion, and miners are earning more than ever before. This time last year, the mining revenue broke $10 billion, and is on track to break $15 billion come early 2020. Since the end of 2017, the bitcoin hashrate has too exploded after the last Bull Run, which saw the price of Bitcoin hit historic highs of around $20,000. The hashrate rose from 15 exhashes at the beginning of 2018 to 60 exhashes come August 2018, and now it has reached even …
FAMILY OF 5 TRAVELLING THE WORLD COMPLETELY FUNDED BY BTC MINING
Meet the Taihuttu family; a family of five travelling the world for the last 2.5 years funded 100 percent by Bitcoin (BTC). In a recent interview conducted by cryptonews.com, Didi shared his story of how and why they made the decision to live and travel with his wife and three children, completely funded by BTC. When Didi’s father passed away in January 2016, he was burnt out from running two businesses and questioned his quality of lifestyle that he was sharing with his family. Didi, who entered the cryptocurrency mining arena in 2013, already knew of the benefits of mining …
THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
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