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Is Cryptocurrency More Valuable than Cash?

Just like conventional currency, Bitcoin is a medium of conducting transactions. Before we understand if Bitcoin and cryptocurrencies are valuable than conventional currency, we must understand the benefits of Bitcoin over the conventional currency. Advantages of Bitcoin Trackable Bitcoin is trackable. This is done through the blockchain. Millions of computers keeping a copy of all the transactions that ever occurred …

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Can I Use a Bitcoin Mining Rig to Mine Other Cryptocurrency?

You can only use a bitcoin mining rig to mine other cryptocurrencies that use SHA-256 algorithm. This is because mining bitcoin requires SHA-256 hashing algorithm. Although you can use a CPU or a GPU to mine any coin. Mining refers to the process of executing complex calculations on various blocks of data, maintaining the bitcoin network. The efforts of the …

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How to Store Multiple Cryptocurrencies in One Wallet

You can store multiple cryptocurrencies in wallets such as Exodus, Coinomi, Trust wallet, Jaxx, and Ledger Nano S. Cryptocurrency is expected to rise in value in the coming years. When this happens, crypto will gain more unsolicited interest from hackers. In this case, it would be prudent to remove cryptocurrency from the exchange and perhaps store it in a wallet. …

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What is the Most Energy Efficient Cryptocurrency?

Most energy efficient cryptocurrencies are those that use proof of stake algorithm. In terms of proof of work, X11 algorithm is power efficient than most other mining algorithms. Bitcoin is the most popular cryptocurrency that uses a proof of work algorithm. But, it is not the most energy efficient coin. Bitcoin and other proof of work cryptocurrency use so much …

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Why do I Get Different Hash Rates When Mining Different Cryptocurrencies?

The reason why you get different hash rates for different cryptocurrency when mining is attributed to the fact that different cryptocurrency uses different hashing algorithms. For example, Bitcoin uses SHA-256 while Ethereum uses Ethash. The amount of hash power you get is limited by the hashing algorithm as well as the hardware you are using to mine. If you are …

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Why do I get Different Hash Rates When Mining Bitcoin?

The reason why hash rate differs when mining is attributed to the fact that mining devices have different mining power associated with it. Cryptocurrency mining is very common today. Getting involved in this currency revolution requires the understanding of a few things, for instance, hash rates. The hash rate is common terminology in the world of cryptocurrency and affects overall …

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10 Ways to Earn Cryptocurrency While Browsing the Internet

You can earn cryptocurrency while browsing, through faucets, mining, airdrops, bounties among many other ways. You are here probably because you are looking for ways to make some extra cash while browsing. We all want to earn that extra passive income. Cryptocurrency is a new wave taking over the financial markets, and it is alright if you are looking to …

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Top 3 Cryptocurrencies to Day Trade

So, you want to day trade cryptocurrency? Before you do, it is important to understand that cryptocurrency is very volatile. This is exactly what makes crypto perfect for day trading. This volatility can be turned into profit if you know exactly what you are doing. At the same time, this volatility can dry up your funds if you do not …

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Major Retailers That Accept Bitcoin in Australia

The major retailers accepting bitcoin in Australia include Microsoft, Overstock.com, LRoS, ShopJoy, CheapAir.com, Bit Trade Australia, Playboy TV Enterprises, and Subway Company. Many large companies have accepted bitcoin as one of their valid digital currency with a speculative investment that people can buy and sell to build a diversified portfolio. It’s becoming easier to spend Bitcoin on everyday things, in …

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How to Earn Bitcoin When Someone Visits My Website?

You can earn bitcoin in many ways such as linking your website or blog with a trusted faucet, pay per click advertising networks, bitcoin traffic exchanges, and premium pay per impression ad networks. Bitcoin has become very popular in recent years and becoming the most expensive form of cryptocurrency. The reason as to why it is so popular is because …