Apr 14, 2017 at 11:24
News
Bitcoin Mining Difficulty Factor Surpasses 500,000,000,000
Bitcoin mining is regulated by a difficulty factor which determines how hard it is to mine one block of bitcoin. Recently the difficulty factor was just above 520,000,000,000. Coinidol.com investigates the effects of this rise on the Bitcoin mining activities.
Feb 09, 2017 at 17:25
News
Bitcoin Miners Steal Electricity in Venezuela
Four people have been arrested in Venezuela for using the country’s electricity illegally by mining Bitcoins. Bitcoin mining is a very power-intensive activity consuming many units of electricity a day. Implying that if unpaid electricity is used, within just a few weeks, millions of dollars in power revenue could be lost.
Tumblebit to increase Blockchain transaction speed by 99.8%
Tumblebit, a proof-of-concept project aimed at helping with cryptocurrency fungibility and anonymity, is said to be finalizing a platform that would make cryptocurrency transactions surveillance-proof, faster at propagating and unforgeable, while also ensuring efficient scaling.
Bitcoin's Revolutionary Power In Finance
Ever since the birth of money, economies have controlled nearly every aspect of human life. Money is power, and escaping that principle is nearly impossible unless you want to live in the wild. Honorable, civil-based economies have historically forged the backbone of the most powerful nations on Earth. Without this willing deception to believe money has value—just like any physical product or service—there would be no complex markets to foster innovation.