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Bitcoin Mining

Bitcoin Mining in 2017

  Mining adds transaction records to the public ledger of Bitcoin that contains previous transactions. This process used to be performed by individual desktop computers that run BTC nodes as miners competed to address algorithmic issues while verifying transactions on the crypto currency’s Blockchain. The PC that resolves the problem first is rewarded with Bitcoins. This…

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Armory opposes Hard-Forks, supports SegWit

  Armory is an open-source wallet management app specifically for Bitcoin. It supports SegWit or Segregated Witness to deal with the scalability issue of Bitcoins network. Armory contradicts hard forks that counter the original Blockchain. It can organize the change and apply a migration tool for another wallet that supports the change. Armory Wallet is not conducting…

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Alt-Coin Race Part 3, PotCoin

PotCoin has been present in the crypto community since January 2014. It is the first coin to support the legal marijuana industry and aims to provide fast, private and easy transactions. It is usually valued against the BTC, not the USD. PotCoin prices sat at a low of around 100 to 600 Satoshi before gaining momentum in…

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Alt Coin Race Part 2

Bitcoin price has risen to about 1220$ in the last few days. With the Alt-coin race still going strong, I anticipate the Bitcoin price to drop to 1140$ in the next day or so. Ethereum has been struggling to gain momentum since the spike a few weeks ago. Prices for Eth were still a buy at 0.038 but…

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