Why you need to convert your Bitcoins

What is a 51% attack? Bitcoin miners use powerful computers to verify that each person who wishes to spend Bitcoins actually has Bitcoins to spend and isn’t trying to fool the system. They do this by reviewing the Blockchain – a digital file that documents every Bitcoin transaction ever made. Miners usually groups together in mining pools so they can combine their mining power and become more efficient. The power …
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200k stolen in dogecoin mining operation

What happened? Dogecoin is brought up to our attention one again, this time a hacker mined around 500 million dogecoins, equating to $200 thousand. The hackers infiltrated data storage hubs for computer networks. According to SecureWorks, which is an information service and is a subsidiary of Dell, the hacker targeted NAS (network attached storage) boxes which we made by Synology Inc. It used the boxes’ power to mine dogecoins on …
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Bitcoin nears 600 again, buy or sell?

Is the pre-auction dump over? We all know about the Auction that is happening on 6/27/14, will it put a dent in the Bitcoin market or will it cause it to rise? The answer depends on whether the buyers of the coins will hold them or sell them off.  In the past couple weeks Bitcoin was rallying up to the mid $600s and starting around June 10th is when the …
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1 BTC = $ 1000000000000000000

According to this math in 230 years Bitcoin will be worth 1 trillion $. Given that Bitcoin will keep following this logarithmic function make sure you put aside 0.01 BTC in paper wallets and save it somewhere. This is what heltok from reddit said: If we assume that bitcoin’s value will be the same, no growth in the US economy and US money supply keeps expanding at present rate, then 1BTC will …
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