Category Archives: Bitcoin Tips

Should You Invest in Bitcoin?

Should You Invest in Bitcoin? People are looking for a good and fast way to grow their money. Bitcoin seems to be the answer to the big question, where should you invest? The cautious among us tend to be skeptical. Bitcoin is a digital currency. You cannot carry it around in a bag or store it in your safe. You cannot run your fingers through a pile of bitcoins on your bed. If you stop and think about it, most of us don’t do that with cash. […]

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Bitcoin Forking

Forking is when the basic protocol of bitcoin has been changed and suddenly the blockchain splits. There is a fork in the road. One of the limitations of bitcoin that seems to plague many users is the size cap on the block. One megabyte seems to be too small to make sense. In 2010, it might have been okay but in the streaming world of today, it seems to be prohibitive. Developers tried to find ways to improve bitcoin, at least to their way of thinking, their […]

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Bitcoin Mining – What is it & Why do it?

The images on the internet show bitcoin mining in a form reminiscent of the old gold rush miners, pickaxes digging out the gold. The actual mining is not quite like that and it changes over time. Bitcoin miners are a special necessity in the bitcoin network. When a bitcoin is spent, a transaction occurs. Your transaction is verified by checking back through the transactions to ensure that you have the bitcoin available to spend. Your wallet synchronizes with the network to make sure that it is up-to-date […]

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Bitcoin Misadventures

We know from our errors that there have been many Bitcoin Misadventures since the birth of Bitcoin. From the realm of bitcoin, there’ve been some authentic absurd mistakes. Anybody who has lost or lost a password may relate to this frequent issue of bitcoin proprietors that have dropped their personal key. There’s not any prospect of recovering from that blunder. That is the reason it’s encouraged to write it down on paper and also keep a replica of it in many safe digital locations. Obviously, once someone […]

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