Many people like to claim that bitcoins are worthless and that they couldn’t possibly have any value because they aren’t backed up by anything tangible. The easiest way to dismiss this myth is to take a look at the state of fiat currency in the world today. There isn’t any gold or other commodity backing up the US dollar or euro, and people seem to value these currencies quite highly. In other words, it’s possible for bitcoins to have value if people decide that they want to use them.
GHash.IO gives miners the possibility to choose from the widest variety of mining options available on the cryptomarket, including cloud mining, hardware mining, merged mining, MultiPool Pro, and trading on CEX.IO. Each option has specific characteristics as well as technical and financial features. The table located on the GHash.IO’s main page gives the miners the opportunity to analyse the benefits of each mining option in relation to the variety of the cryptocurrencies that can be mined on GHash.IO.
Once in a while we hear the inspiring, amusing and often ridiculous stories about Bitcoins, the innovative cryptocurrency that is taking the world by storm. Here is an overview of the Bitcoin’s first achievements in integrating into the mainstream.
The first transaction
Some of you might have heard the story about the incredibly pricy pizza bought for Bitcoins. On May 21, 2010, an IT specialist Laszlo Hanyecz from Florida transferred 10,000 Bitcoins to an unknown Bitcoin-enthusiast in England, who would order a pizza from a Laszlo’s local Papa John’s and got it delivered to him.
The price has always seemed to be the most important aspect of the Bitcoin ecosystem, and it actually blinds people from seeing the true potential behind a distributed, global ledger. Many of the most adamant Bitcoin proponents claim that the price doesn’t matter to them, but the reality is that it still makes sense to check in on it from time to time. BitcoinWisdom.com is one of the most widely-used Bitcoin chart websites on the Internet these days, but you have to know what you’re looking at if you’re going to be able to make any sense of the lines, candlesticks, and numbers.
Security in Bitcoin will always be an issue. Many companies and services have been hacked since the start of Bitcoin and companies need to take any measure possible to secure their services. What do you do if you can’t afford an expensive security team or professional audits? CrowdCurity has built a decentralized security force by giving an open network of security researchers the chance to earn bounties for finding vulnerabilities in Bitcoin company websites.