The Problem With Bitcoin Mining

December 10, 2013
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Remember when I asked if you ever thought you were late to the party in the Welcome message? Whatever I feel about coming late to Bitcoin in terms of investing – or should that be gambling? – I feel I’ve pretty much missed the boat on Bitcoin Mining.

Bitcoin Mining

You may wonder how new Bitcoins come into existence since they’re not tangible items like the coins in your pocket/purse. Bitcoin is a virtual currency and some complex math is performed by computers to solve equations. And if a result is found and verified, then Bitcoins are awarded to …

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How To Buy Bitcoins

December 3, 2013
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I’ve spent the last several days researching different ways of getting Bitcoins. It’s been a long slog as there’s a lot of sites to wade through, and in posts to follow are the ways I’ve come across, with their pros and cons.

Buying Bitcoins, as it turns out, isn’t easy. Well, not if you’re outside the USA. And when you do get some Bitcoins, you need a wallet to keep them in.

The exchanges are the obvious places to start but these require you to provide proof of who you say you are, so that means providing copies of government-issued …

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Welcome To Bitcoin Newsflash

December 2, 2013
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Ever felt you’re late to the party? Missed the bus? Or just not in the right place at the right time?

That’s how I feel about Bitcoin. I know many others feel the same way. Why? Because recent stories in the media have highlighted how the value of Bitcoin has skyrocketed since October 2013.

I was aware of Bitcoin back in 2009 but it didn’t light a fire under me. It looked like just another online venture that ultimately would not go anywhere. So I didn’t pay it any attention, forgot about it.

And that’s where things lay till about …

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