Bitcoin Value

Bitcoin Value
Current Bitcoin Value? What is it today, more important what will the emerging currencies value be tomorrow? What gives the digital currency Bitcoin value? Determining Bitcoins value is not as simple as looking at the Bitcoin to USD price yesterday or last week. There is no price to earnings ratio, no regulation, no...

Bitcoin Pool Mining - Luck and Network Luck

Bitcoin Pool Mining - Luck and Network Luck
Part III: Bitcoin pool luck and network luck One of the most common questions I have seen has to do with Bitcoin pool luck and the overall network luck rate. Referred to as "luck"  it applies to finding a Bitcoin block. Overall network luck and the network hash rate are...

Bitcoin Mining Tutorial Part 1 - Difficult Conditions

Bitcoin Mining Tutorial Part 1 - Difficult Conditions
Part 1: Bitcoin Mining tutorial and Network Difficulty This is a multi-part Bitcoin mining tutorial targeting people new to Bitcoin. I wrote this back in 2014, but the same principals apply. The difficulty now is much much higher(as of May 2017 network difficulty is an astounding  533 Billion). Mining conditions seemed severe at...

What is the Digital Currency Bitcoin

What is the Digital Currency Bitcoin
I wrote these articles in what felt like the early days of Bitcoin, as an educational series. At the time Bitcoin was very new and sometimes quite controversial.  I was fascinated by the theory of proof of work in a monetary system and stayed active in the community for a...