Is it worth mining Bitcoin on your laptop?
Mining Bitcoin earned people a lot of money some years ago. These days not so much, at least for now. For mining activities special hardware has been created that is more powerful and is able to mine more. ASIC microschips are probably at least 100x better at mining bitcoin than any of the other GPUs. Additionally you also need cheap electricity.
In general, it's not a good idea to try mining Bitcoin with your regular laptop without an ASIC chip because your laptop is definitely underpowered. There are many people who have tried it, only to end up destroying their hard drives, laptop cooling fans, screens, or anything else. Some people have compared mining Bitcoin with your laptop to knocking down a building with a hammer. And allegedly mining just one bitcoin with just a regular PC might take millions of years. For successful mining that would actually make sense you might want a 1 TH/s or faster ASIC machine.
For mining with your regular computer/laptop as a hobby, the best idea might be to mine altcoins (Bitcoin alternatives), so that you could use your laptop's GPU to mine whichever coin might be the most profitable at the time.
However, even when mining Altcoins with your laptop, your laptop doesn't have much power, so if you do manage to mine with your laptop, your earnings will be VERY low (think of cents per day), and there's still a high probability of damaging your laptop. But from the positive side, your laptop doesn't consume much electricity and as such it's cheap. Well, before you need to replace your laptop.
Theoretically you could also use user friendly mining pools, something like Hashrate, but even there, according to the guys at Digitaltrends they managed to earn as much as...wait for it...nine cents a day with one laptop. Or 40 cents a day with five laptops. Their initial idea was to earn one million dollars mining with their laptops, but ended up with a small calculation that said it would take them 6,800 years to achieve that with five laptops.
So, all in one, don't mine with your laptop, it's bad for ya! Mining cryptocurrencies with your laptop won't earn you anything.
In general, it's not a good idea to try mining Bitcoin with your regular laptop without an ASIC chip because your laptop is definitely underpowered. There are many people who have tried it, only to end up destroying their hard drives, laptop cooling fans, screens, or anything else. Some people have compared mining Bitcoin with your laptop to knocking down a building with a hammer. And allegedly mining just one bitcoin with just a regular PC might take millions of years. For successful mining that would actually make sense you might want a 1 TH/s or faster ASIC machine.
For mining with your regular computer/laptop as a hobby, the best idea might be to mine altcoins (Bitcoin alternatives), so that you could use your laptop's GPU to mine whichever coin might be the most profitable at the time.
However, even when mining Altcoins with your laptop, your laptop doesn't have much power, so if you do manage to mine with your laptop, your earnings will be VERY low (think of cents per day), and there's still a high probability of damaging your laptop. But from the positive side, your laptop doesn't consume much electricity and as such it's cheap. Well, before you need to replace your laptop.
Theoretically you could also use user friendly mining pools, something like Hashrate, but even there, according to the guys at Digitaltrends they managed to earn as much as...wait for it...nine cents a day with one laptop. Or 40 cents a day with five laptops. Their initial idea was to earn one million dollars mining with their laptops, but ended up with a small calculation that said it would take them 6,800 years to achieve that with five laptops.
So, all in one, don't mine with your laptop, it's bad for ya! Mining cryptocurrencies with your laptop won't earn you anything.
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Bitcoin ETFs, do they REALLY matter?
We have talked a bit about Bitcoin ETFs and how they could push up the price of Bitcoin, but there's a hidden danger in thinking about it like that. While it is true that Bitcoin ETFs might push Bitcoin price up a lot, talking about it and hoping for it might have a totally opposite result, at least short term. The market makers have done a good job trying to convince everyone that Bitcoin ETFs are a must for crypto growth. In reality, crypto has been doing good without the ETFs as well, and the reason why it might be influencing the price now, is the expectation of it, not much else. If you look into it, Bitcoin ETFs have been denied for the last five years, although they have been pushed all the time. Bitcoin ETFs for now are for Wall Street to make money. But Wall Street managed to miss the boat getting in cheap into the crypto market. So now they have convince everyone that the ETF proposals are paramount for the market to ever go up again. Most, if any, ETFs won't be approved this year, and this fact is being used by the big market makers to further drive down the price of Bitcoin, to buy it as cheaply as possible. The ETF proposals are in fact clouding the crypto market with the manipulative messages. Crypto market is not about ETFs, it's about its technology and adoption - and things are going great from this perspective. We should all forget about ETFs for now and Bitcoin price will again start increasing soon.
We have talked a bit about Bitcoin ETFs and how they could push up the price of Bitcoin, but there's a hidden danger in thinking about it like that. While it is true that Bitcoin ETFs might push Bitcoin price up a lot, talking about it and hoping for it might have a totally opposite result, at least short term. The market makers have done a good job trying to convince everyone that Bitcoin ETFs are a must for crypto growth. In reality, crypto has been doing good without the ETFs as well, and the reason why it might be influencing the price now, is the expectation of it, not much else. If you look into it, Bitcoin ETFs have been denied for the last five years, although they have been pushed all the time. Bitcoin ETFs for now are for Wall Street to make money. But Wall Street managed to miss the boat getting in cheap into the crypto market. So now they have convince everyone that the ETF proposals are paramount for the market to ever go up again. Most, if any, ETFs won't be approved this year, and this fact is being used by the big market makers to further drive down the price of Bitcoin, to buy it as cheaply as possible. The ETF proposals are in fact clouding the crypto market with the manipulative messages. Crypto market is not about ETFs, it's about its technology and adoption - and things are going great from this perspective. We should all forget about ETFs for now and Bitcoin price will again start increasing soon.
Current Bitcoin price prediction
The price of Bitcoin is extremely volatile. Just two days ago in gained around 10% in value. Compared to December 2017 the price is still more than $10k lower. But where will Bitcoin be by end of 2018?
The price of Bitcoin is extremely volatile. Just two days ago in gained around 10% in value. Compared to December 2017 the price is still more than $10k lower. But where will Bitcoin be by end of 2018?
Good Reasons To Buy Bitcoin Now
Should you be investing in Bitcoin now? The answer is probably yes. While all cryptocurrencies are very volatile and truth be told, anything can happen, there's a good chance Bitcoin is now going to start gaining in value again.
Should you be investing in Bitcoin now? The answer is probably yes. While all cryptocurrencies are very volatile and truth be told, anything can happen, there's a good chance Bitcoin is now going to start gaining in value again.
3 Cryptocurrencies with potential to replace Bitcoin
While Bitcoin continues to be the world's biggest and most popular cryptocurrency, and maybe that won't change any time soon, there might be three cryptocoins that have the potential to replace Bitcoin.
While Bitcoin continues to be the world's biggest and most popular cryptocurrency, and maybe that won't change any time soon, there might be three cryptocoins that have the potential to replace Bitcoin.
What is Bitcoin?
You wouldn't actually have to have been living under a rock not to understand what it is, but chances are that you have at least heard the name. Bitcoin was invented by Satoshi Nakamoto who described ...
You wouldn't actually have to have been living under a rock not to understand what it is, but chances are that you have at least heard the name. Bitcoin was invented by Satoshi Nakamoto who described ...
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