Bitcoin’s Price Surge is Making Hobby Mining Profitable Again

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Roque Solis never imagined the bitcoin mining equipment he bought in February would have already paid for itself. And on top of that, made him money. Solis is the president of SoliSYSTEMS Corp, a company that developed an EMV smart card for electronic benefit transfer for the federal assistance program, Women, Infants, and Children (WIC). While attending several conferences last year, Solis was unable to ignore bitcoin. So, he decided to experiment with the technology via mining to get a better handle on whether the technology could be used within his company. Solis bought a Bitmain Antminer S9 on eBay for $2,400. As of this weekend, Solis has mined 1.01 BTC, worth a little more than $2,584 in his bitcoin wallet. Solis said: “When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually it’s been about five months.” These gains, though, are particularly interesting in that, even last year, individual hobby mining wasn’t profitable anymore. Individuals with just one or two miners couldn’t compete with the companies mining bitcoin using large warehouses full of servers dedicated to the task (and seeing lucrative returns as the price rose). But …

Five Reasons Why Bitcoin-is Here-to Stay

Five Reasons Why Bitcoin-is Here-to Stay

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A major issue hindering Bitcoin is uncertainty about its future. The debate is over whether Bitcoin will be a successful long run innovation or fizzle out like so many prior innovations. It is possible to make a relatively accurate prediction about the future of Bitcoin by analyzing five factors successfully used by technology adoption experts for decades: relative advantage, compatibility with other innovations, experience through trialability, complexity and observability. These factors, derived from the classic work of innovation diffusion theorist Everett Rogers, when combined with features unique to Bitcoin, suggest that Bitcoin is here to stay.. Relative advantage Relative advantage in the field of innovation is defined as the improvements of a product as compared to its predecessors. Improvements include, but are not limited to, economic or social advantages measured in time, convenience, satisfaction or monetary benefits. Specific examples could be better service, consolidation of multiple functions into one tool, empowerment of users, improved interface, increased productivity, reduced user effort, saving money, saving space or storage and saving time. A major advantage Bitcoin has over other payment systems is that Bitcoin has a decentralized ledger. A decentralized ledger means that a single party is no longer in control of the records of previous transactions. …

Richard Branson: Blockchain Is an ‘Economic Revolution

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Virgin Group founder and billionaire entrepreneur Sir Richard Branson is a huge supporter of blockchain technology. While talking to the press on October 3, Branson said the tech could bring an “economic revolution” to many nations worldwide. Sir Richard Branson Praises Blockchain Land Registry Bitcoin and blockchain technology is a keen interest for Sir Richard Branson. This week, Branson chatted with the media concerning blockchain technology’s many potentials. To make his point, Branson referred to the recent partnership between Bitfury and Hernando de Soto, who are trialing a land titling distributed ledger platform. Bitfury and the Peruvian economist aim to work with the Republic of Georgia’s National Agency of Public Registry. The project aims to deploy blockchain technology to create a better land titling system, with transparent and immutable attributes. In developing countries, land titles are often manipulated, forged, and taken from their rightful owners. At the Virgin Disruptors event this week in London, Branson told attendees: If you take somewhere like Egypt, 90 percent of people have got houses, they’ve got a garden, but they’ve got no piece of paper to show ownership of that — And without ownership of your property, it’s almost impossible to start a business or get a bank loan …

Uphold Launches Litecoin And iOS App

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The financial service provider, Uphold, has launched its long-awaited iOS app and adding Litecoin to its list of supported currencies, precious metals, and cryptocurrencies, bringing its total number to 29 currencies, 4 commodities and 3 cryptocurrencies. Uphold iOS app Uphold, the “cloud based financial service platform that enables anyone, anywhere to move, convert, hold and transact in any form of money or commodity instantly and securely”, announced on 28th April that it was launching its iOS to allow users to access a multitude of functionalities on the go. Through the app, users will be able to: Send money to anyone, anywhere, in any supported currency, instantly and for free Convert funds between any of the supported currencies – including three cryptocurrencies and four precious metals Buy, sell, hold and send bitcoin Fund accounts via bitcoin Verify recent transactions Transfer value instantly between Money Cards, hold funds in any various currencies In-store bitcoin payments anywhere bitcoin is accepted by scanning a QR code Receive payments in bitcoin via an in app QR code For iOS developers, Uphold has also launched an iOS SDK, and for Android users, there is already an Uphold app on the Google Play store The Uphold iOS …

BEST BITCOIN WALLET FOR 2015 – BITCOIN WALLETS COMPARISON AND REVIEW

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This page compares and reviews the best Bitcoin wallets available today Since almost every other day a new Bitcoin wallet comes out a lot of beginners are having a hard time deciding what’s the best Bitcoin wallet for them. We decided to create an easy to use comparison table which will allow you to choose your wallet according to key features such as security, privacy, user friendliness etc.   Coinbase Bitcoin wallet review Summary: Coinbase is the leading exchange service today in buying and selling Bitcoins. It was founded in 2012 and since then has received over US$31 million in venture capital funding. The Bitcoin exchange service is available in 19 countries around the world. Their Online wallet is beginners friendly but the fact that the company holds your funds is can be somewhat risky. Having said that Coinbase has recently launched their Vault service which denies the company control over your funds. Pros: Beginner friendly, ability to add funds from within the wallet. Established and respectable company. Cons: Company has some control over your funds (depends if you’re using Vault). Not supported worldwide (yet). Click here to visit the Coinbase’s website Blockchain.info Bitcoin wallet review Summary: The most popular Bitcoin wallet today, Blockchain.info allows …

A Very Generous Happy BTC Birthday Gift To Me From 7BitCasino

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