Make Sure Your Bitcoin is Secure During Price SpikesThe price of Bitcoin has got everyone in a frenzy at the moment. As people wonder why the rally is happening, they are holding their cryptocurrency tight in hope of higher spot prices. Meanwhile, one critical thing to remember is that during upswings, security should be at the top of everyone’s minds. https://news.bitcoin.com/secure-bitcoin-price-spikes/
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if you cant mine profitable at 400-500 USD per coin, you should go out of business.
Agree in some way. Electricity can be very cheap in parts of China, they obviously have lots of financial issues if they can't continue to turn a profit in this climate. KNC Miner should have focused on getting a cheap supply of electricity. Geothermal sounds cheap and I assumed Iceland was the world's top producer until I checked on Wikipedia. It says the USA produces the most, and Iceland's in seventh place. China is at the bottom of the list, so geothermal might be a weak spot for its miners. United States Philippines Indonesia Mexico New Zealand Italy Iceland https://en.wikipedia.org/wiki/Geothermal_electricityand there are alot more states in the world where mining is cheap like in georgia. |
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Not that much of a surprise to see a company that supported BTC Classic is going down.
This just shows a fundamental lack of sound judgement.
Furthermore I read they also scammed a lot of people.Selling cloud-mining contracts while lots of very early customers were still waiting on delivery of pre-orders and so on.
probably that and if you cant mine profitable at 400-500 USD per coin, you should go out of business. |
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Bitcoin: The Techie’s Refuge from a Collapsing BolivarI think anyone can trade bitcoins if they already know how to purchase things online. I don’t think just anyone could mine. I bought a mining machine for the equivalent of $500 in bitcoins, installed the free software that exists for this, connected it to the internet and I simply keep it running 24/7, as long as there aren’t any blackouts, of course.” And his return seems worth the trouble: Ricardo mines about 80 dollars each month, whilst paying about 200 bolivars for the electricity it takes to do so. “After 6 months I am now achieving a “theoretical exchange rate” of 2.5 Bs/$. It varies greatly since the USD to Bitcoin changes. My electric bill, on the other hand, doesn’t.” And that’s if you don’t have the brilliant idea of purchasing a power generator that runs on essentially free gasoline http://www.caracaschronicles.com/2016/01/29/51012/200 bolivars = 20 dollars. sounds like a good idea 
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if North Korea can hack swift, then swift is pretty much fucked. next countries which hack swift are probably Nigeria, Mongolia and Fiji.
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It was my little dream to own 21 BTC and today i achieved it after hard work of so long time.Now i want to make my hard work pay me.I mean,i want that these bitcoins work for me someway and grow.Is there bitcoin bank that pays interest? What will you do with 21 BTC? How will you spend it? How will you grow it? Share anything you want that may help me to decide what should i do. the fatest way to lose 21 BTC is to put it in "a bank which pays interest". |
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because:
"CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is an American futures company and one of the largest options and futures exchanges. It owns and operates large derivatives and futures exchanges in Chicago and New York City, as well as online trading platforms. In 2014, it gained regulatory approval to open a derivatives exchange in London.[4] It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades."
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A Call for a Temporary Moratorium on The DAOWe just released the first draft of a research paper that analyzed The DAO and its voting mechanism. This paper identifies problems with The DAO's mechanism design that incentivize investors to behave strategically; that is, at odds with truthful voting on their preferences. We then outline potential attacks against The DAO made possible by these behaviors. In particular, we have identified seven causes for concern that can cause DAO participants to engage in strategic behaviors. Some of these behaviors can cause honest DAO investors to have their investments hijacked or committed to proposals against their interest and intent. http://hackingdistributed.com/2016/05/27/dao-call-for-moratorium/
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A Call for a Temporary Moratorium on The DAOWe just released the first draft of a research paper that analyzed The DAO and its voting mechanism. This paper identifies problems with The DAO's mechanism design that incentivize investors to behave strategically; that is, at odds with truthful voting on their preferences. We then outline potential attacks against The DAO made possible by these behaviors. In particular, we have identified seven causes for concern that can cause DAO participants to engage in strategic behaviors. Some of these behaviors can cause honest DAO investors to have their investments hijacked or committed to proposals against their interest and intent. http://hackingdistributed.com/2016/05/27/dao-call-for-moratorium/
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