Crypto Currency

Crypto Currency We provide basic knowledge and updates on crypto/ digital currency Crreated by Timaka James Jim, a professional web manager, software engineer, and economist

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03/12/2017

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BITCOIN HITS $9000
26/11/2017

BITCOIN HITS $9000

Bitcoin, the best-known of the upstart digital currencies, is still a mystery to many Americans.If you've heard about Bi...
05/11/2017

Bitcoin, the best-known of the upstart digital currencies, is still a mystery to many Americans.
If you've heard about Bitcoin, it's mainly from startling headlines about its 400 percent price gain earlier this year or its surge to nearly $5,000 last month, making it the the most valuable player in the mushrooming space for so-called cryptocurrencies. Or because Wall Street skeptics call it a "fad," a "fraud" and a "speculative bubble."
Believers in Bitcoin say it's the money of the future, a digital alternative to the dollar or euro or yen. Non-believers say it's not real money. After all, you can't dig into your pocket and pull one out like a $10 bill and hand it to a cashier at Dunkin' Donuts to pay for your morning coffee.
Nov.05.2017: 1Bitcoin = $7500

MININGCryptocurrency transactions are bundled together in packets of data that are called blocks. The timely processing ...
19/10/2017

MINING

Cryptocurrency transactions are bundled together in packets of data that are called blocks. The timely processing of these blocks is essential to the health of cryptocurrency, and since there's no one central entity that can carry out all this processing on their own, it's done by the currency's investors. This is called mining, and the miners are offered incentives to take on the task. When a block of data is properly mined, and specific predetermined algorithmic and mathematical criteria (known collectively as “hash”) have been met, the miners collect a reward of coins and a percentage of the transaction fees from the block they've processed. It should be noted mining is more a perk than a requirement; you can invest in cryptocurrency without mining, if you wish.

Mining serves a dual purpose; not only does it validate transactions, but it results in the generation of new cryptocurrency. For currencies that carry mintage caps, the mining reward of coins will eventually disappear when the cap is met; by that time, it's projected—and hoped—that transaction volume will be high enough to provide adequate incentive for miners to take part in the process for their share of transaction fees alone.

Here at AuroraMine we provide you with the latest and greatest in mining hardware without the overheads, with datacentres around the world in countries with cheap overheads we can offer you some of the cheapest prices on the market for our services. With an easy to use dashboard you can access your…

BITCOIN WALLETA Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are...
18/10/2017

BITCOIN WALLET
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance.

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging ...
16/10/2017

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins.

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