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Bitcoin Mining Costs For Different Countries

In a recent survey, Elite Fixtures took the time to examine 115 countries across the globe, to confirm which of them provides the greatest and the least profit when mining bitcoin. Essentially, it was a survey on energy costs, since the expense of mining a single bitcoin is ultimately determining the electricity spent operating a mining rig to do the necessary proof-of-work validations to add blocks to the blockchain. Therefore, this survey determines the most expensive and the cheapest countries for utilising that amount of energy. With that criterion in mind, Venezuela was the cheapest country to mine altcoins by...

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Expert Tips For Understanding Crypto

The world of crypto is often a misunderstood one. Despite the buzz, there is still actually very little understanding around the topic. One expert has shared her tips, to help those who are thinking of investing in cryptocurrencies. Don’t invest in an ICO that does not have a product: Investing in an ICO that does not have a product is incredibly risky. Our expert supports the US Securities and Exchange Commission’s statements, which say if a company decides to make an initial coin offering, which is designed to raise funds for a cryptocurrency, they should have an actual product first....

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What Causes A Crash In The Crypto Market?

The cryptocurrency market has already suffered one major crash this year, and it is well known that it is a particularly volatile market. But, what a lot of people don’t know is what can cause major crashes. Here are just a few things that can affect the prices of cryptocurrencies. Regulation: This is a fairly obvious one, but regulation plays a massive part in the price of virtual currencies. Take China for example. They banned cryptocurrencies for a short time in the summer of last year, and all that happened was that people and companies moved elsewhere, which actually caused...

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Bitcoin To Hit $50,000

It has been predicted that Bitcoin could reach prices as high as $50,000 this year, although it will be as volatile as ever. These predictions have been made by Jeet Singh, who is a cryptocurrency portfolio manager, who has also said that it is common for virtual currencies to fluctuate by as much as 70 or 80 percent. He compared Bitcoin to technology giants, saying; “If you look at Microsoft or Apple, when they went public, their stocks were very volatile because the market wasn’t mature.” This volatility might have worried new traders, but experienced traders are likely to be...

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Blockchain Will Make The Biggest Difference In Developing Countries

Investment bank Exotix believes that blockchain technology will make the biggest difference in emerging countries. Paul Domjan, who is the global head of research, analytics and data at the bank discussed that although this is likely to happen on a step by step basis, that certain technologies have the ability to skip steps, giving a solution to the problem much quicker than before. He used the rapid increase in smartphone usage as an example of this. In a developed country, the chances of having a fixed telephone line is pretty much a given; however, this simply is not the case...

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