GMO Internet, the Japanese IT behemoth has unveiled its new Bitcoin ASIC miner that uses a 7nm chip. The hardware is touted as being a “from-the-ground-up” Bitcoin mining rig designed in Japan but built in Taiwan. The launch of the miner is another feather in the cap of GMO Internet as it solidifies its position in the Bitcoin market. The company has in recent years expanded from its IT roots to be a major player in the Bitcoin mining arena. Recently, the firm announced the launch of its Bitcoin-based rewards system for mobile gaming.
Bitcoin vs Bitcoin Cash – what is this? If you’re just entering the cryptocurrency sphere in 2018, you’re in for a treat. The past year has been one of the most exciting years in the crypto-scene, full of drama, scams, forks, and new and often confusing regulations. If you’re just starting to read up on things, the chances are, you’ll encounter chaos as you’ve never faced before, and the difference between BTC vs BCH is one of the things you should learn first.
Booming and crashing markets, thousands of different tokens and coins, different block chains, scaling technologies, fake news, millions of new blogs popping up everywhere — all in all, it’s just one big mess. On top of that, after getting spammed about Bitcoin over and over again, you finally decide to see what’s all this fuss about, and you come to learn that there’s more than one Bitcoin?
What kind of sorcery is this? Here you go – a comparative study of Bitcoin vs Bitcoin cash!!
The GreenAddress wallet is a Bitcoin only HD wallet with security as its main focus. It is primarily used as a desktop wallet, but only through a Chrome extension. That was done by design to provide additional security. There are also mobile versions available for both iOS and Android operation systems.
Multi-signature is available to add security, and there are four different types of 2-factor authentication available, and there are additional features that have been developed to appeal to experienced Bitcoiners. Those new to Bitcoin might find the wallet a bit overwhelming, and a simpler Bitcoin wallet might be a better choice for your very first wallet.
According to the Pantera CEO, the Bitcoin is at the perfect price level for investors to make huge profits when the inevitable rally kicks off. Many analysts have predicted that Bitcoin prices will go beyond the $20,000 mark in 2018.
Why invest in Bitcoin?
We are at the forefront of another “dot-com” boom. The entire cryptocurrency market is breaking all-time highs across the board. Bitcoin is now one of the 30 or so largest currencies in the world, and all across the world, people are looking to invest in bitcoin.
According to the 2017 study done by the Cambridge Centre for Alternative Finance, the Global cryptocurrency benchmark study, the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million and between 5.8 million and 11.5 million wallets are estimated to be currently ‘active’.
Are we in a bubble? Definitely.
But that statement doesn’t say anything, does it? For example, at what stage of the bubble are we at the moment? Well, let’s look at the numbers.
One of these people is a software developer and Bitcoin enthusiast Jonathan Wheeler, a former bank employee who believes he can provide some relief to the people who are starving under one of the most oppressive regimes in the world.
At Japan Blockchain Conference, which gathered some of the world’s leading experts in the blockchain industry, the Chief Executive Officer of financial services company SBI Holdings Yoshitaka Kitao said he is certain that blockchain related technologies will fuel the next boom for the Japanese economy after decades of its struggling to bring back its 1980’s growth.
If you need an alternative method to centralized exchanges for buying Bitcoin your answer might be LocalBitcoins. The site provides a peer-to-peer marketplace for users to get together, buying and selling Bitcoin without oversight from centralized exchanges or financial institutions.
Bart Smith, the head of the cryptocurrency at trading giant Susquehanna International Group, told CNBC on July 10 that Bitcoin is still the best choice for crypto investors because people are actually using it.
2Already 80% of all Bitcoins have been mined (as of January 15, 2018) so let’s see how many Bitcoins are left. The Bitcoin blockchain was designed to only ever produce 21 million Bitcoins. Once all of these are produced and mined there won’t ever be another Bitcoin produced. This is known as controlled supply and is in direct contrast with the way national currencies are handled by central banks.
National, or fiat, currencies have an ever expanding supply. This has several reasons, one of which is that it creates inflation, which global governments encourage as a way to grow the economy. Unfortunately it also leads to the devaluation of the currencies, and in many cases this also leads to a reduction of wealth for citizens.