VITALIK STRIVING FOR MOST SECURE CHAIN This week, Vitalik Buterin,Ethereum co-founder, made a bold statement at Devcon 5 that after Ethereum transitions to Proof of Stake (PoS) “…the cost of a potential attack would make Ethereum the safer network of the two”, with bitcoin being the other. The switch from the Ethereum proof of work...Continue Reading
HASHING IT OUT On 18th September, Blockchain.com reported Bitcoin’s network hashrate hit a record-breaking high of 102 quintillion hashes for the first time ever. Canadian crypto researcher and well-known analyst Kevin Rooke commented that, “Difficulty is projected to grow 60% this quarter, and it was already at an all-time high when Q2 ended”. This increase...Continue Reading
18th SEPTEMBER 2019 DOLLAR COST AVERAGE-The Allure I’ve talked about dollar cost average approaches to investment plans before – which refers to assigning a fixed investment at a fixed interval over a long period. For example, $100 a week, every week for two years. This approach can work particularly well for those who either don’t...Continue Reading
Over the past 3 years Bitcoin miners have experienced a roller coaster of emotions when calculating profitability. The Bitcoin miners who performed the best were those who got in early during or before 2016 and were rightfully rewarded when the 2017 bull run came along. However those rewards did not come without major risks. The...Continue Reading
MiningStore’s Weekly Rundown A SLOW WEEK WITH NEW OPPORTUNITY The crypto market cooled down a bit this week. Bitcoin led the downturn by coming off the $14K USD high to retrace about 43% (down to $10K USD) over five days. With bitcoin’s impressive performance skyrocketing to a 170% increase over 58 days at its peak...Continue Reading
The Crypto journey has taken us on is like the first adventure you took with your friends or family to a destination that was unknown or unfamiliar. The beginning of this journey was spontaneous. You planned very little but let the excitement of the new adventure take you with it. Your intentions seemed clear at...Continue Reading
Have you ever asked yoursel to know the Economic Model of why people in today’s day and age are so desperate to, “invest” their savings? The simple answer is inflation. Capitalism has installed in us that “inflation is healthy” as it, “helps the economy grow”. However, what people do not realise about inflation is it...Continue Reading
What does this mean? Bitcoin’s price reflects supply and demand, but two structural features magnify its movements. First, it is still young, with a market capitalisation around $1.33 trillion in 2026, small enough that concentrated buying or selling can shift the price quickly. Second, much of the circulating supply is held by a minority of...Continue Reading
What is Bitcoin? Bitcoin is a form of electronic cash that can be sent directly from one user to another without an intermediary. It was invented by an unknown person or group using the name Satoshi Nakamoto and released as open-source software in 2009, as set out in the Bitcoin whitepaper at bitcoin.org. Bitcoin uses...Continue Reading
Below is an interesting perspective from one of the members of the MiningStore Elite-Traders community with Prediction for bitcoin. It makes some very interesting parallels between previous revolutionary markets and Bitcoin. Although it is a lengthy read, it is a great perspective on the market and where it is heading. Enjoy. An Architect’s Prediction for...Continue Reading
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