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Miners Will Continue To Make Profit

One major threat to cryptocurrencies like Bitcoin is that the system could break down if the custodians of the transactions pack up and leave the party. We are, of course, referring to the miners who run the network on which the blockchain technology is built and functions. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); Bitcoin skeptics have pointed out that this will happen one day, sooner or later. This is because mining operations require high-power computational resources, including the latest graphics cards and processors. Purchasing these resources and running the operations has a cost that must be paid by the miners. Mining...

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Google Searches For Bitcoin Hit Lowest In Five Months

It appears like most individuals are not as much interested like it was previously in bitcoin. This is due to the fact that Google searches that are using Bitcoin as the keyword is at the lowest. Indeed, this is the lowest recorded when based on the Google trends since the time Bitcoin traded $5,000. The match with market prices Some analysts use the google searches to indicate the market trends. As result, they have noted a decreased activity on bitcoin keyword searches. They say since the New Year there has been a drop for the same of about 80% freestar.queue.push(function...

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Why Bitcoin Will Climb AGAIN In 2018

The Bitcoin price crash of early 2018 can be attributed in a large part to the behaviour of dominant crypto exchange Mt Gox, argues Coin Telegraph's William Suberg. The leading digital currency dipped to below $6,000 after reaching the heady heights of a $19,300 surge back in late 2017, causing panic among investors and leading to an asset sell-off which has made it hard for the digital coin's price to recover. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); Mt Gox is said to have engaged in a wholesale sell-off of its Bitcoin assets in late 2017 and early 2018, as it set...

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Roger Ver Prefers Ethereum To Bitcoin

Investor and entrepreneur Roger Ver was one of the early investors in Bitcoin, and he made a great deal of money from the blossoming digital currency during its early days. He is an important figure in the crypto world and many investors look to him for advice. He also owns the domain Bitcoin.com, and has been an active proponent for the digital currency for many years. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); However, he has become less enamoured with Bitcoin in recent months and has been noted to prefer its hard fork Bitcoin Cash. He has also spoken out to praise...

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These Cryptocurrencies Are A Threat To Bitcoin

Bitcoin had an exceptional year in 2017. It opened the year at around $800 – $1,150, just short of its previous all-time high of $1,242, and it closed the year at around $13,000. On December 15 2017, the value of a single Bitcoin reached a staggering $17,900. This remarkable and sudden growth was great news for those who had already invested in Bitcoin, and it prompted an avalanche of interest from investors around the world. Bitcoin was once seen as a risky investment and associated with criminal activity and shady transactions, but it rose to significance within the mainstream and...

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