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Is Solar-Powered Cryptocurrency Mining the Next Big Thing

Is Solar-Powered Cryptocurrency Mining the Next Big Thing Cryptocurrency mining is a difficult and costly activity. Miners must pay to build rigs capable of vast amounts of processing power, and then the rigs themselves must be powered with large quantities of electricity. It's all a careful balance between how much the operation costs and how much profit it is able to generate. (See also: What Happens to Bitcoin After All 21 Million are Mined?)   With mining operations for Ethereum,…

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Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine

Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine While many mainstream media personalities and analysts remain skeptical about bitcoin (and often rehash misinformation), others are beginning to give cryptocurrency an honest appraisal. The latest comes from leading German business magazine Wirtschafts Woche, which recently published an article praising bitcoin. “The Revolution of Cryptocurrency,” written by economist Thorsten Polleit, argues that the advent of cryptocurrency set off a monetary revolution that could eventually supplant fiat national…

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$100 Billion Cryptocurrency Market Showing Signs of Maturity as Mainstream Investment Appeal Grows

$100 Billion Cryptocurrency Market Showing Signs of Maturity as Mainstream Investment Appeal Grows Cryptocurrency has burst onto the financial scene like a blazing comet, offering investors a new asset class to grow their wealth, hedge against instability and escape the grips of central banking. As the market for digital coins crossed the $100 billion mark, hedge funds and major institutions suddenly found themselves scrambling to make sense of the shadowy world of cryptocurrency. For the most part, investors no longer…

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China and Japan Are Largely Responsible for the Current Success of Cryptocurrency

China and Japan Are Largely Responsible for the Current Success of Cryptocurrency   The adoption of digital currencies on both the individual and institutional level in China and Japan is propelling cryptocurrencies to ever greater heights. However, some are still skeptical that they are the finance systems of the future due to their current volatility.   CHINA AND JAPAN’S CRYPTO CRAZE   The age of cryptocurrencies is upon us, and two countries in particular have been instrumental in their stratospheric…

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How Balanced Cryptocurrency Portfolio Looks Like: Investment Tips

How Balanced Cryptocurrency Portfolio Looks Like: Investment Tips A large number of investors have started to purchase cryptocurrencies as a short-term and long-term investment, a safe haven asset and an experimental investment to develop a proper understanding of the market and the technology behind cryptocurrencies such as Bitcoin. As a result, even the initial coin offering (ICO) market, which is yet to showcase a viable product or a decentralized applications with an actual active user base, have begun to attract…

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Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research

Bitcoin could nearly double and reach $5,000 soon, says Standpoint Research   Bitcoin traded near $2,600 Wednesday, according to CoinDesk. Standpoint Research founder Ronnie Moas said the digital currency could rise to $5,000 "in a few months." "This is not something I could keep my hands off of," Moas said. Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year.   "$5,000 could happen in a few months. It's only…

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Bitcoin and Decentralized Networks are the Future, Says University Professor

Bitcoin and Decentralized Networks are the Future, Says University Professor   Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria (South Africa), who also directs the Centre for the Study of Governance Innovation, recently published a write-up stating that money systems are in the process of transitioning from “centralized authority to decentralized networks.” Cryptocurrencies represent a significant part of such decentralized networks. According to Fioramonti, there is a growing demand for digital currencies. On one hand, he exemplified…

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Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst

  Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst   Although bitcoin price has grown 3x at peak levels this year, better gains are yet to come, according to Goldman Sachs’ chief technician.   Bitcoin has been on a historic tear in 2017. After ringing in the year at $1,000 on the very first day of January, bitcoin price reached an all-time high of $3,000 in mid-June. The remarkable rise amid an overall boom period for cryptocurrencies has seen…

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Ethereum Price Drops Below $300 Amid Technical Issues and Cryptocurrency ICO Hype

Ethereum Price Drops Below $300 Amid Technical Issues and Cryptocurrency ICO Hype     Things are not looking all that great for Ethereum right now. The popular cryptocurrency suffered a major crash not too long ago and it remains the market is still recovering. The past two days have heralded another downturn for Ether, making it highly doubtful Ethereum will pass Bitcoin in market cap anytime soon. It seems safe to say more volatility is on the horizon for Ethereum…

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