Items tagged with bitcoin
Things aren't exactly rosy in the cryptocurrency world; particularly when it comes to Bitcoin. Over the weekend, South Korean cryptocurrency exchange Coinrail confirmed that it had been hacked. The site says that it was the victim of a "cyber intrusion" and that roughly 30 percent of the coins trades on the exchange...
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One of the biggest criticisms of cryptocurrency, and Bitcoin in particular, is the highly volatile nature of digital coins. However, that's for investors and miners to worry about. A larger concern that is starting to draw increased attention is the power usage that comes from mining cryptocurrencies on a large scale...
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It's no secret that cryptocurrencies like Bitcoin and Ethereum have their loyal followers along with scathing detractors. Billionaire investor Warren Buffett has never been a fan of cryptocurrencies, but he ratcheted up the rhetoric this week by calling Bitcoin "rat poison squared".
Buffett helms Berkshire Hathaway...
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When it comes to cryptocurrency mining, many small- and large-scale outfits have cornered the GPU market, buying up large quantities of current generation AMD and NVIDIA graphics cards. Gamers have especially been hit hard by miners, as even mainstream graphics cards that should be heading towards the bargain bin at...
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Plattsburgh, New York is city that has just over 30,000 residents, and those citizens recently saw their power bills unexpectedly increase due to a problem that is starting to affect more people in the United States. We're talking about cryptocurrency mining, of course. Plattsburgh has placed an 18-month ban on new...
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Google is taking a stand against advertisements on the internet that promote cryptocurrencies, cryptocurrency exchanges/wallets/trading advice and/or initial coin offerings (ICO). The tech giant says that it will no longer serve ads through its platforms for these products and services starting in June 2018.
"We...
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There are plenty of uncertainties and grey areas currently lurking around the cryptocurrency market. From wild fluctuations in valuations, to cryptocurrencies like Bitcoin being used on the black market, to government institutions that are looking to get in on a piece of the action, we're still in the "Wild Wild West"...
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Apple Co-Founder Steve Wozniak recently revealed that he had seven bitcoins stolen from him in an old school scam that has been around as long as credit cards. Those coins are now valued at roughly $70,000 and change. He wasn't duped by one of the many cryptocurrency scams out there, like those that pretend to be from...
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Bitcoin is on the upward swing of its current rollercoaster ride, rebounding above $11,000 -- a price that it hasn't seen since January. After soaring to nearly $20,000 in December, the cryptocurrency has crashed hard in the past two months.
At one point earlier this month, Bitcoin was trading below $7,000. However...
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Atari has just announced something that will surprise all the gamers out there who grew up on its consoles and games. The company made a big unveil today and while it's not a new console or game, Atari will actually be minting its own new type of cryptocurrency. The new altcoin type will be called "Atari Token" and...
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The effect that cryptocurrency mining has had on the graphics card market has been so extreme, very few people could have predicted it. GPUs that were as easy to purchase as a gallon of milk became as hard to find as the hottest deal at Best Buy on Black Friday.
In addition to the rarity, inflated pricing has been...
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The Federal Communications Commission (FCC) has ordered a resident in Brooklyn, New York to cease his Bitcoin mining operation after it was discovered that the hardware he was using to mine Bitcoin was causing interference with 4G LTE signals on T-Mobile's wireless network. If that is truly the case, this incident...
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In the span of a few short years, cryptocurrency mining went from being virtually unknown to making making waves in the tech community. While mining may not have caught on with mainstream audiences yet, the entire market has been affected by the new-age gold digging. GPU prices are particularly affected, with many...
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If you're well-seasoned internet user, surely you have seen scams over the years that revolved around a Nigerian prince who needs your help to move money out of the country. We all know that it is a scam, yet for a long time, people have fallen for it. That Nigerian Prince scam is now back and has a new twist while...
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When AMD announced its earnings last week, the company made it a point to indicate that it would boost capacity in order to address the GPU supply strain caused by booming cryptocurrency mining demand. Yesterday, it was NVIDIA's turn to release earnings -- which it knocked out of the park, by the way -- and it too is...
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It looks as though it isn't just the Dow Jones that is having a crappy day in the financial world. Bitcoin, which was trading at close to $20,000 in late 2017, has come crashing down to earth in the past few weeks. Just last week, there panic coursed through the market which caused the cryptocurrency to drop below...
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Back in mid-December, Bitcoin peaked with a value of over $19,000 per coin. Then just a few days later, it dropped to below $14,000. After that it went back up a little bit, then fell to below $13,000 by the end of the month. In the first week of January, Bitcoin's value was back up to over $17,000. It has been...
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If you need any more evidence that cryptocurrency mining is hitting primetime, look no further than this latest report that Samsung is looking into get in on the action. Samsung is reportedly producing application-specific integrated circuits (ASICs) for Chinese customers that will be use for Bitcoin mining. The...
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The side effects of the recent price gouging on GPUs from AMD and NVIDIA is now filtering down to sites that use affiliate links to generate additional revenue. One retailer in particular, Newegg, is cutting off the Video Card category for affiliate linking. Newegg attributes this change in policy to the fact that...
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Hey cryptocurrency investors, are we having fun yet? Indeed, it was all smiles and laughter when Bitcoin, the most popular digital coin out there, skyrocketed in value and topped $17,000 just last week. But like every thrill ride, it is the inevitable steep downward slopes that incite both panic and excitement. And so...
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It helps to have nerves of steel when investing in cryptocurrencies, especially Bitcoin, which has seen some wild fluctuations over the year. Earlier this morning, for example, Bitcoin's value dived below the $12,000 mark, dropping 17 percent to a six-week low of $11,182.71. This recent slide comes after skyrocketing...
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After witnessing Bitcoin's explosive growth, everyone and their uncle is now getting into cryptocurrency mining, some for extra money and others in hopes of striking it rich. There are now more than a thousand cryptocurrencies out there. With new miners now showing up in droves (and existing ones expanding their...
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