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ASUS Break Into Bitcoin Mining With A Novel Idea

Bitcoin mining is somewhat of a dying industry. Now, of course, we all know that the current mining downtime is the result of many extraneous factors and that one day, when the price of Bitcoin rallies again, mining will pick up. It will become a profitable industry and all of this mining expertise we have built up over the years will not have gone to waste! Or maybe I’m being optimistic? Anyway, in recent news, computer hardware producers ASUS have stepped into the cryptosphere by discussing how gamers could make use of their powerful gaming rigs for the mining of...

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Bitcoin (BTC): Significance Of The Two Production Costs And Key Levels

The price of Bitcoin would seem to have fallen quite aggressively from its all time high. However, those who have been following the entire bear market for long would know that the price of Bitcoin (BTC) settled around some levels more than others. For BTC/USD this level used to be the $5800 to $6000 range. The price has tested this level multiple times and has traded close to it for the most part. There is a reason why this level became such a critical support before it was broken. In every market, certain levels become more important than others because...

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Advice For New Bitcoin Investors

As we all know, if you had invested in Bitcoin five years ago, you would be a millionaire by now. If you invested during the great surge of December 2017, when Bitcoin reached heights of nearly $20,000 sending the rest of the market (and the world) into a bullish frenzy, then you would most likely be broke by now. Either that or heartbroken that your investments did quite literally the opposite of what you wanted. On the other hand, if you were hesitant about investing in Bitcoin before then you have probably given up all hope on that idea now....

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Bitcoin (BTC): Monthly Close Above $4,150 Needed To Confirm Reversal

Bitcoin (BTC) is down again on its last trading day for the month. The monthly RSI for BTC/USD has now reached a historical support and is unlikely to break below it. The price of Bitcoin (BTC) is currently below the $4,150 level but it is expected to close the monthly candle above it. Bitcoin (BTC) has completed its retracement in the first half of the day and is now in a position to push in order to close the monthly candle during the second half. The monthly chart for BTC/USD shows that during the last bear market, Bitcoin (BTC) did...

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SamSam Exposes Bitcoin Addresses

United States citizens have been banned from getting involved with two Bitcoin addresses by the US Department of the Treasury’s Office of Foreign Assets (OFAC). In a recent press release published yesterday, the OFAC has shown two men from Iran tied to ransomware scams. For the first time in OFAC history, the department publicly announced the Bitcoin addresses and stated that “U.S. persons generally are prohibited from dealing with them.” The two men in question were both allegedly responsible for exchanging ransom payments paid in Bitcoin into the fiat currency in Iran, Iranian Rial. the laundered currency comes from malicious...

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