Mining Bitcoin on IoT Devices

In a recent report by CNBC, it was highlighted that 15,000 internet-connected devices could be hacked to mine approximately $1000 within 4 days.       The demonstration was run by Avast, which is based in the Czech Republic, at the Mobile World Congress in Barcelona last week. They had a number of devices running on a network powering a cryptocurrency mining software in a demonstration of how IoT, Internet of Things devices, can be hijacked by hackers and turned into mining cryptocurrencies.     According to CNBC, “Both crypto-mining…

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Covert Crypto Mining hits YouTube

Youtube users were given a shock with breaking news that YouTube serves ads with CPU-draining cryptocurrency miners.   While users are watching videos, attackers are profiting. Users tool to Social media last week to complain that their antivirus programs were detecting cryptocurrency mining code when they visited YouTube.               Monero mining:  Researchers at Trend Micro said that attackers were abusing the Google DoubleClick ad platform to display them to YouTube visitors.     The ads contain Javascript that mines the digital currency, Monero.   Full…

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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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World Money in Perspective – How Big is Bitcoin now?

How big is Bitcoin in relation to the rest of the world’s money?  Have you missed the opportunity if you haven’t invested yet?  It’s time to put things into perspective.   Bitcoin is just over 8 years old and much of the world still has no idea what Bitcoin actually is.  Considering the fact that Bitcoin has just begun and started at zero value, the growth in the cryptocurrency has strengthened year on year as more acceptance and adoption takes place.  Interesting to note, the current market cap of Bitcoin…

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Bitcoin News 12 June 2017 – Bitcoin and Ethereum top $113 Billion Cryptocurrency Market

Bitcoin News Today – The Bitcoin price hit new highs of over $3000 only to drop below shortly thereafter – Ethereum is gaining huge momentum reaching the $400 level as fundamentals are strengthening. Bitcoin and Ethereum top the $113 Billion Cryptocurrency Market!   Other news headlines:- Bitcoin, Ethereum and a New Direction for Cryptocurrency Investment Criminals Hijack Linux Servers Through SambaCry Exploit to Mine Monero 4 Reasons Why Bitcoin Is Not In A Bubble What is Ethereum – Explaining the World’s Supercomputer Blockchain Brings Privacy to Genomic Data   Top…

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Bitcoin News 24 May 2017

Bitcoin Today – The Bitcoin price continues upward trend past $2300 – strong and bullish with no sign of letting up.  Altcoins such as Ethereun, Dash, Litecoin and Monero performing well.   Other News Headlines:   India’s Government Seeks Public Comments on How Bitcoin Should Be Regulated Has Bitcoin’s Scaling Debate Finally reached Agreement? Deloitte’s Blockchain Team Unveils Prototypes, Research and Alliances at Consensus 2017 Bitcoin ‘Will Be Worth $1 Mln In 10 Years’: Swiss-Based Bitcoin Wallet CEO SWISS EY TEAM & POLYBIUS ARE BUILDING A ‘CRYPTOBANK’, ICO TO FOLLOW…

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How to Exchange Bitcoin to Altcoins and Vice Versa

COIN EXCHANGE The cryptocurrency market is expanding at a rapid rate and you can now exchange your bitcoin for altcoins and vice versa!  Here are the instructions on how to make an exchange as per Shapeshift.  From start to finish you can exchange currencies in under ten seconds with no account required!   Let’s assume you have Bitcoin and you want Litecoin. It goes like this: Select Bitcoin as the input and Litecoin as the output Provide your Litecoin address in the box, then click the Start button ShapeShift will…

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What is Monero?

Monero, which is an altcoin, is gaining traction and trending upwards due to it’s unique features. Watch this short explainer video to be introduced to this cryptocurrency and learn how to get started.   Download the Bit-Media app from the Google Play store here, it is FREE. The app will be available from the Apple iStore shortly.   Bit-Media Blog, Bit-Media Facebook page and the Bit-Media YouTube Channel  Embrace the new digital economy, do not get left behind! Collect Your Free PDF – The Bitcoin Believers Business Manifesto Please leave your…

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