My Theory on The Price of Bitcoins and Cryptocoins

One of the things I notice is that there are so many positive spin websites and postings out there about bitcoins and cryptocoins. It’s like there is an entire industry of people who’s only job is to create the illusion that the price of coins is somehow going to go up because of this positive sign or that positive sign. Some of it, frankly, borders on being the pump side of a pump and dump Read The Full Story Here

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Where are the Bitcoin and Crypto Markets Heading?

A lot of talk and speculation about the future of Bitcoin and all crypto coins these days. While the price of Bitcoin is much higher than it was say two years ago, it’s also more than 50% off it’s peak price, and the market for things like Bitcoin futures seems to have cooled a bit. Regulator pressures exist in all directions, without any real consensus building for the future. What makes Bitcoin so great (anonymous, Read The Full Story Here

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Bitcoin Mining Fades To Black

So I have been bitcoin cloud mining now for 3 months, a quarter of the way into my 12 month contract. Initial results in the first couple of weeks were so good, I doubled down at a higher price to get twice as much hashrate. After a nice run-up to almost $20,000 the price of bitcoin has faded away now sitting around 10k, 50% from that price. What hasn’t faded away is the increased of Read The Full Story Here

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facepalm

The First 15 Days of January Define The Crypto Market

It’s 15 days into 2018, and the crypto market has already been rocked, shaken, poke, prodded, and pretty much lost it’s sh-t as a series of punches have hit the crypto markets very hard. Bitcoin is down about a third since it’s peak, and news from China and Korea have everyone and their dog more than a little skittish. China is first. There is a bit of confusion, but it seems that between local and Read The Full Story Here

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hashflare

One Month In My Hashflare Review

Okay, so it’s been just about a month that I have been cloud mining with Hashflare. They were, in retrospect, my second choice behing Genesis Mining, which seems to have the highest reviews and all that. But Genesis Mining is literally out of stock on mining gear and likely will be for the forseeable future, and I didn’t want to wait three to 6 months to see if they restock. That said, I may still Read The Full Story Here

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Christmas Brings No Gifts To Crypto Miners

Santa Claus didn’t do anything for the world of bitcoin, that is for sure. It’s been a crappy 2 weeks in the mines, with a true triple whammy for me: Bitcoin price dropped almost in half at one point, mining difficulty went up another 20%, and the price of buying additional hashrate with Hashflare went up by nearly 50%. Summed up, it’s a squeeze. A fourth negative raised it’s head today, as South Korean announced Read The Full Story Here

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Bitcoin Price Rapidly Recedes and Other Bad News

It’s not been a great week so far. After Bitcoin hit 20k or there about last week, it’s been pretty much an endless parade of negative and near negative news. The result has been the bitcoin price USD dropping dramatically, in some exchanges getting as low as $14,000 before bouncing back a bit. As I type this, the price is 16910.01 US Dollar, but that is still about 15% off the top. Second bad news Read The Full Story Here

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Celebrating 20K and Other Good Things

Without a doubt, the big story today is that Bitcoin is hovering very close to the 20k mark, and will likely be there soon enough. I got in at half of that, and that was only a couple of weeks ago. The climb is huge, wild, and more than a little bit scary. How much more fuel does this rocket have, anyway? What it has done for me as a minor miner (har har) is Read The Full Story Here

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bitcoin difficulty

The Difficulty Adjustments and the Bottom Line

There are a couple of things in Bitcoin mining that can sort of screw things up a bit, and blow projections and forecasts out the window. In my very first week, I ran into one of things, which is the bitcoin difficulty factor. A sudden (and significant) change in this number greatly impacts the results of mining. If you are like me, you really aren’t tuned into this incredibly important factor. It’s automated and it’s Read The Full Story Here

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