Bitcoin Mining Overview

To many people bitcoin mining is seen as a way of creating new coins but the idea of bitcoin mining is for the participants to track the movements of the coins. Because bitcoins are distributed from peer to per there is no database keeping records of who owns the coins. Owners keep a log that is available on the network and transactions are recorded as they occur. Bit coin transactions […]

 

Bitcoin Economics - In-Depth Analysis

Investors and economists have spent much time discussing the ‘real’ worth of bitcoin, which should ultimately be reflected in its price. This is easier said than done. At the simplest level, the floor ‘value’ of a bitcoin is the amount of electricity it takes to mine it. This is increasing all the time, as mining hardware has to work ever-harder to ‘find’ new coins. (Once the cost of buying hardware […]

 

Understanding Bitcoin's Value

One of bitcoin’s most notorious (and celebrated) features is its wild swings in price. What makes it the favourite of speculators also makes it unsuitable for use as a currency in most situations, since there’s no guarantee that the money you pay or receive will be worth the same the next day, let alone in a year. That raises a few problems for bitcoin holders. Whilst it’s easy enough to […]