Today's Hot Topics

The clash of cultures…

It is said that for a German and a Finn, the truth is the truth, in Japan and Britain it is all right if it doesn’t rock the boat, in China there is no absolute truth, while in Italy it is negotiable. Culture clash occurs when a large number of people with similar values are confronted by another group with different values. This is exactly what is happening in crypto community at the moment as more and more people contribute to the growth of various coins, partake in ICOs and not to forget trade coins via exchanges. What was once...

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The End Of Bitcoin’s Cheap Energy Feast

China is cracking down on the power use by Bitcoin miners, meaning any cheap energy that was once available is now not there. The trouble comes when you consider that the entire electricity system is oversupplied, which has led the producers of wind and solar power to cease the generation of electricity. This has been a huge problem that has been plaguing the country for years. One third of wind generation and a quarter of solar energy in the North Western provinces of Xinjiang and Gansu was curtailed in the first half of 2017, and fossil fuel generated plants have...

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Bitcoin Fees Have Hit A New High

Bitcoin transaction fees have risen from $2 per transaction to a huge $37 in just over two months. This is a huge rise, and it could all be down to a simple reason – the network is completely overloaded. The initial increase came in early December, at the same time that Steam announced that it would stop accepting Bitcoin payments for games. They used the payment system BitPay, which has some high profile customers, including Microsoft, NewEgg and APMEX. This system lets merchants accept Bitcoin as payment, in exchange for their goods, and whilst many are citing BitPay as the...

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Why You Should Stop Mining Bitcoin On Your iPhone

Despite it seeming like an excellent money making opportunity; all of the work actually gets you very little in return – approximately $156 every year; however, this does not take into consideration the amount of electricity you would use, which is a lot!  If you have invested in some Bitcoins or other cryptocurrencies, and have considered venturing into the realm of mining, it is important that you read the following before doing so.   It might seem like an easy task, with the help from the use of mining apps; however these should be avoided, as they are usually scams, or...

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Hacked Starbucks Hotspot Used To Mine Cryptocurrency

A Starbucks store in Buenos Aires is unlikely to be top on your list of locations for you to find illegitimate mining of cryptocurrencies, but this is exactly what has happened. Caffeine lover Noah Dinkin got more than he bargained for, when he discovered that his laptop had been infected by malware after he had sat down to log onto the coffee shops free WiFi hotspot. The WiFi hotspot had been hijacked and infected with malware that syphons off processor power, which can then work out the calculations needed to generate and mine the cryptocurrency, all without the users knowledge....

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