Blog By Sammy

Bitcoin Mining Explained - What is Bitcoin mining, and how does it work? Many people new to crypto wonder: How do new bitcoins (BTC) come into existence? How do bitcoins move from place to place? What makes Bitcoin secure? What if we told you the answer to all three questions was the same:  Bitcoin mining . Mining is an essential, but often misunderstood concept in cryptocurrency. This article covers: What Bitcoin mining is and how it works The environmental impacts of mining What the future may hold for Bitcoin mining If you’re new to Bitcoin, you’ll want to read our article “ Bitcoin, Explained ” first to get a better understanding of the original cryptocurrency. What is bitcoin mining? The bitcoin network is a blockchain, a linked series of data “blocks” with each block containing a set of bitcoin transactions. All over the world, thousands of Bitcoin miners race to be the first to complete a complex cryptographic “puzzle” using specialized computer equipment. The math problems ...

  Bitcoin  mining Bitcoin (BTC)  miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level in history. The next difficulty adjustment, which is expected to occur on Friday, March 10, will take the difficulty level from 43.05 T to 44.46 T, according to estimations from the crypto mining data provider CoinWarz. Source: CoinWarz The expected increase will take the difficulty of mining new  Bitcoin  to yet another all-time high. This is despite the fact that it is already at a record-high level after a consistent rise in the difficulty level since the second half of 2022.Bitcoin Bitcoin mining difficulty level. Source: CoinWarz Hashrate continues to rise Increases in the difficulty level of Bitcoin mining generally follow increases in the hash rate on the network – the amount of computational power dedicated to mining Bitcoin globally. When the hashrate rises, difficulty also ris...

The  crypto  market is up today as  Bitcoin  and altcoins react to $300 billion liquidity from the Federal Reserve — move being labeled new quantitative easing (QE). The crypto market is up today as the impact of the ongoing United States banking crisis plays out — the Federal Reserve has injected $300 billion into the economy. Data from  Cointelegraph Markets Pro  and  TradingView  shows Bitcoin BTC  $26,988 up 7%, Ether  ETH $1,764 4.5% and Binance Coin  BNB $332 5.7% in 24 hours.   A broad rally in crypto markets means Bitcoin is back challenging the week's highs, which also marked its best performance since June 2022. Can bulls sustain the momentum? Nerves are palpable everywhere as the latest economic data shows the extent to which the Fed has gone to contain a banking crisis which some argue is unlike any other. Amid warnings that more banks could fail in the coming weeks and contagion spreading to Europe, it appears that...

Place to buy Bitcoin I do not have personal preferences or bias towards any specific platform. However, here are some popular and reliable options to buy Bitcoin, Ethereum, and other cryptocurrencies : Binance.com   : Binance is a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. It was founded in 2017 by Changpeng Zhao, a Chinese-Canadian businessman. Binance is one of the largest cryptocurrency exchanges in the world, with over 100 different cryptocurrencies available for trading. The platform offers a variety of trading options, including spot trading, margin trading, and futures trading. Binance also offers its own cryptocurrency, Binance Coin (BNB), which can be used to pay for trading fees on the platform. The platform has a reputation for being secure and reliable, with a strong focus on user privacy and security. LocalBitcoins   :  is a peer-to-peer cryptocurrency marketplace that allows users to buy and sell Bitc...