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Energy Consumption from Bitcoin Mining needs to be taxed says a Silicon Valley Congressman

BitcoinVenkatesh ThallamFebruary 18, 20180

Hundreds of theories have been used to kill Bitcoin and write it off as non-viable technology, the latest among them is the energy consumption. The bitcoin non-believers have come up with a new argument that the energy consumed to do bitcoin mining is too much for it to viable in the longer term as it…

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Bitcoin can reach $100,000 Predicts Tim Draper

BitcoinNitish SinghFebruary 16, 20180

It is common to see predictions for Bitcoin. However, the recent prediction by Tim Draper has really set a new high. At the moment of writing, Bitcoin has crossed $10,000. The change is not much in the past week or so. The stable price can be because of no bad or good news that can…

Warren Buffett Investment Chief Terms Bitcoin as “Noxious Poison”

BitcoinNitish SinghFebruary 15, 20180

Bitcoin recent dip to $6,000 is quickly gained $10,000. However, the chief investor of Warren Buffet, Charles Munger has something negative to say about Bitcoin. He describes the bitcoin cryptocurrency as “noxious poison.” According to him, the current trend is completely crazy, and he also considers Bitcoin, not a great investmentÂ option. He terms the craze…

Bitcoin can break $9K, Bull Resistance

BitcoinNitish SinghFebruary 13, 20180

The recent dip in bitcoin price has shocked the new investors. However, it is not new for seasonal bitcoin investor who is in the game for quite a long time. The recent sideways movement around $8,500 is now hinting at a bullish movement. According to technical charts, the bitcoin price is constantly testing the $9,000…

High Risk for BitCoin Price to Get Cut in Half

BitcoinNitish SinghFebruary 13, 20180

With the start of 2018, the BitCoin market has seen its fair share of trouble. However, analysts are estimating even worse days to come for the cryptocurrency. Back in mid-December 2017, Bitcoins had seen an all-time high, when its valuation was up to $20,000. It even managed to gain the attention of Wall Street and…

The 65% Price Drop was Actually Profitable for Bitcoin Whales

BitcoinNitish SinghFebruary 12, 20180

Fluctuations in the market inevitable. But clever traders can take advantage of these swings. For example, if an individual can guess the top, sell their bitcoins at that mark, wait for the values to fall, and then buy back at the bottom, they will gain a lot more coins. Such is what happened with the…

Cryptocurrency Mining Demands Exceeds Nvidia Expectation in 2017 Q4

MiningNitish SinghFebruary 12, 20180

In 2017, Nvidia was the major player on the GPU side of Bitcoin Mining. But even they could not predict the high demands from the minors. At the end of the Q4, which was on 28-Jan-2018, Nvidia reported revenue of $2.91 billion, up by 34% from previous years $2.17 billion. They stated that this level…

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