Crypto Hosting vs Home Mining Crypto mining is the process of using specialised computer hardware to validate transactions on a blockchain network and earn cryptocurrency rewards. Miners solve cryptographic puzzles through a consensus mechanism most commonly Proof-of-Work (PoW) which secures the network and prevents double-spending. In return, miners receive newly minted coins (known as block...Continue Reading
Bitcoin Mining Projects Empower Communities with Lower Energy Costs Gridless Compute, a hydro-powered Bitcoin mining projects, reports that its mining project has not only powered a rural community but also reduced its existing energy rates. In a significant development, this initiative showcases how Bitcoin’s underlying blockchain network can promote charitable acts and support communities. Twitter...Continue Reading
Bitcoin Outperforms as a Premier Investment Asset November 13th saw Bitcoin reach $16,415. A magnitude not reached since the infamous 2017 bull run. With prices of this level now coming in to play, Bitcoin is further cementing itself as one of the best operating assets and is continually outperforming the ‘safe haven’ investments we all...Continue Reading
Over the past 3 years Bitcoin miners have experienced a roller coaster of emotions when calculating profitability. The Bitcoin miners who performed the best were those who got in early during or before 2016 and were rightfully rewarded when the 2017 bull run came along. However those rewards did not come without major risks. The...Continue Reading
It has almost been a year since MiningStore Australia became a registered business, and now is the time to reflect on the outstanding achievements our community has accomplished. Despite the relentless claws of the bear digging deeper into the crypto market, MiningStore and our beloved community has achieved some outstanding results that each member should...Continue Reading
Have you ever asked yoursel to know the Economic Model of why people in today’s day and age are so desperate to, “invest” their savings? The simple answer is inflation. Capitalism has installed in us that “inflation is healthy” as it, “helps the economy grow”. However, what people do not realise about inflation is it...Continue Reading
What is Bitcoin? Bitcoin is a form of electronic cash that can be sent directly from one user to another without an intermediary. It was invented by an unknown person or group using the name Satoshi Nakamoto and released as open-source software in 2009, as set out in the Bitcoin whitepaper at bitcoin.org. Bitcoin uses...Continue Reading
The Coinbase Lesson on Buying Bitcoin in a Bear Market Back in 2018, one statistic cut through the gloom of a brutal crypto winter. Despite the market shedding most of its value across the year, Coinbase was still one of the busiest on-ramps in the industry. The figure was eye-catching, but the lesson behind it...Continue Reading
Thinking of Investing Your Tax Return? Consider Crypto Mining for Passive Income Tax time is one of the best moments of the year to make a smart money decision. Instead of spending your return on holidays or household goods, you could put it toward building a passive source of income through crypto mining. A mining...Continue Reading
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