How to Bitcoin #6 – Mining Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how BTC is electronically processed, we call it mining.   Electronically Processing BTC Mining   As mentioned in the introduction, BTC is processed by computing power and recorded in a public ledger (Blockchain) with the help of a network of computers. The processing of BTC transactions is termed ‘mining’. BTC mining rewards people with computer power by generating…

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How to Bitcoin #5 – Ways to Make Money with Bitcoin

NEW ZEALAND – Guest Writer –The fifth in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to make money with BTC.   Buying and Selling A way to make money is to buy BTC/alt-coins at a low value and to sell at a higher value on an Exchange. Selling BTC as mentioned above can be done in any currency. Most large Exchanges allow users to trade back to US dollars. Another method would…

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How to Bitcoin #4 – Storing Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to store your Bitcoin.   You can store Bitcoin or altcoins in the following ways:   Paper Wallet Offline Online Encrypted Hardware Device   Each method offers both pros and cons.   A paper-wallet is just that, a special code (address + keys) that is then printed out on a piece of paper. You can load BTC…

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How to Bitcoin #3 – Bitcoin Trading

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of the buying and selling aspect of Bitcoin, trading.     BTC can be traded on Exchanges (online companies regulated/non-regulated and are located all over the world) to buy other alt-coins. Exchanges may also trade commodities and currencies. Some large BTC Exchanges that mostly trade against the US dollar are Bitstamp, Coinbase, and Bitfinex. Click here to view the…

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BitVault®, World’s First Blockchain phone hones in on Enterprise market – Cointelegraph

  It was reported on Cointelegraph that BitVault®, the World’s First Blockchain smartphone are making strides in the Enterprise market.   According to the article, the company said that it is currently focussing on three sectors and are in advanced discussion with prospective partners and customers.   Defence Technology Financial Technology Manufacturers of mobile communication devices   Full article – Click here to CoinTelegraph      The enterprise market is huge and potential BitVault® sales could amount to millions. The Indian defence market, in which the company has already made some…

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How to Bitcoin #2 – How is Bitcoin Processed

NEW ZEALAND – Guest Writer –The second in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Some hints and tips are provided, including some links to websites in order to guide you in your endeavour to understand Bitcoin, the “Internet of Money”.   How is Bitcoin Processed?   BTC is processed by computing power where a network of user-computers becomes a financial public ledger that will process the use of BTC. This is a network of computers and is…

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Xunlei OneThing Cloud wins Most Popular Product at CES 2018

Xunlei OneThing Cloud: Innovation of Shared Computing and Blockchain, Winning CES Most Popular Product Award Powered by GeekPark – BEIJING, Jan. 10, 2018 /PRNewswire/ — OneThing Cloud, launched by Xunlei, is the first product that leverages user’s idle computing resources and organizes them into a massive cloud computing infrastructure. This technology is called Shared Computing.   OneThing Cloud became one of the most popular products in 2017 intelligent hardware circles. Xunlei not only keeps breaking records of distributed cloud computing but also leads in commercializing blockchain in consumer use. Therefore,…

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Why Bitcoin is not for you

Bitcoin or cryptocurrency is certainly not for everyone and might not be for you if:     You believe in the system and trust banks: Some people cannot help themselves and have to believe that we can trust in the system or do not want the responsibility being in control of their own money. That way, if something goes wrong, you can blame someone else…   Fact is the system is broken and governments worldwide are running huge deficits.  The problems of the 2008 financial crisis have still not been resolved. …

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What was the First Product to be Bought with EOT?

Cryptocurrency is becoming more popular as a peer to peer payment system and there is no doubt that adoption will increase over time.   The utility cryptocurrency, EOT, recorded the first sale in December 2017.       How does a payment work – A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.  When a transaction is made, wallets use an encrypted electronic signature to provide a mathematical proof that the transaction is…

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Spectre and Meltdown are going straight for your Private Keys – How safe is your hardware wallet?

The BBC reported today that the tech industry kept the latest threat to our online life secret for six months, hiding behind non-disclosure agreements.     Apparently, there are two bugs, known as Meltdown and Spectre, which exploit security vulnerabilities in Intel, AMD, and ARM processors in all types o devices, including PCs, laptops, tablets, and smartphones.   Meltdown affects all devices with Intel chips, which are estimated to be in 90% of all computers (desktop and laptop combined), the BBC reported. Intel stock price had its own Meltdown today…

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