Saturday 24 February 2018

Mining crypto currency is process of computer hardware running complex

It’s no big secret that the world of blockchain-based cryptocurrencies is expanding remarkably.

CryptoCurrency South Africa

The industry is still in its cradle, but it’ll revolutionize the way we transact in the future. Here’s a list of the most popular cryptocurrency lingos that anyone will probably meet out there while trading and finding the best Bitcoin mining hardware.

Bitcoin – with a capitalized B, it stands for the technology, the community, the protocol and software of Bitcoin.

Bitcoin – it merely describes the unit of currency. It’s what you mine using the best Bitcoin mining hardware.

Altcoins – refers to all the other cryptocurrencies apart from Bitcoin – EthereumLitecoinDashMoneroBitcoin Cash, etc.

Bit – a subunit of a bitcoin. One bitcoin has a million bits.

Satoshi – the smallest unit of Bitcoin equal to 0.00000001 bitcoin and named after Satoshi Nakamoto.

XBT or BTC – abbreviations of bitcoin.

Confirmation – the act of confirming a bitcoin transaction validity, done by miners, every 10 minutes after a block has been mined.

Mining – Mining crypto currency is process of computer hardware running complex mathematical calculations that confirm transactions and enhance the security of the Bitcoin network. Miners who us best Bitcoin mining hardware.

Recovery phrase or seed keywords – random 12, 18 and 24 words used to derive many pairs of private and public keys.

Cryptography – a branch of mathematics and computer science that gave birth to cryptocurrencies.

Private keys – secret alphanumeric password or number used to send and spend crypto currencies.

Public key or Bitcoin address – the alphanumeric address that receives the coins.

Bitcoin wallet – physical or software “purse” that will be used to hold and store the coins and public and private keys.

Transaction ID – an alphanumeric string that has details of a transfer, including the amount sent, the sending/receiving address and the date of transfer.

Blockchain – a universal public ledger of all bitcoin transactions to date.

HD wallet – a wallet that generates a hierarchical, tree-like structure of several public and private keys right from the root seed key.

Hardware wallet – a unique device that store public and private keys.

Transaction fee – what bitcoin user pays before a transaction is completed.

ICO – Initial Coin Offering

FUD – fear, uncertainty, and doubt.

How Many Blockchain, Bitcoin, and Cryptocurrency Terminologies do You Know?

How Many Blockchain, Bitcoin, and Cryptocurrency Terminologies do You Know?: Bitcoin – with a capitalized B, it stands for the technology, the community, the protocol and software of Bitcoin.

Bitcoin – it merely describes the unit of currency. It’s what you mine using the best Bitcoin mining hardware.

Thursday 1 February 2018

Find love with the help of OkCupid and (Bitcoins!)


The bitcoin craze is taking over the world by storm – and for good reason. Bitcoin, the cryptocurrencyof choice for millions of people across the globe, is stable, ground-breaking, and fool-proof. Earlier in November 2017, the Bitcoin value hit an all-time high of over $14,000!
No matter how you look at it, NOW is the best time to invest in Bitcoins. What’s more – you can buy robust Bitcoin mining hardware in South Africa to get in on the fun. Of course, the rise of Bitcoin has caused other cryptocurrencies to join the fray, including EthereumAltcoinsDash and plenty more. And thanks to the increased traction of Bitcoin, more and more businesses around the world have finally embraced the concept of cryptocurrency. In fact, some of them have begun to accept these virtual coins as a form of payment.
So, who are these trailblazers accepting Bitcoin as payment? Make no mistake the following 10-best list is nowhere near exhaustive. And it should remind you that mining bitcoins or investing in bitcoinsis simply the way to go.
#1. WordPress
It’s only natural for a web design and blog provider like WordPress to embrace blockchain technology. It’s core to its business strategy. Nonetheless, WordPress was among a few handful of tech companies to adopt Bitcoin as a form of payment. So, if you are a web designer or small business owner, you need to invest in Bitcoin in South Africa to enjoy free or discounted services from WordPress.
#2. Subway
Subway has already set foot in SA. And the good news is that the American fast food chain known for purveying subs, sandwiches and fresh salads now officially accepts Bitcoins.
#3. Expedia, Inc.
If you are a low-cost flyer, the chances are that you have used Expedia.com services to book your flight, hotel, or holiday package. Here’s another reason to buy bitcoin mining hardwareExpedia accepts payment via Bitcoins!
#4. MovieTickets.com
If you love going to the theaters to watch movies, now is the time to invest in Bitcoin. Your movie ticket BFF, movietickets.com, will accept your crypto-coins.
#5. PureVPN
It has never been more critical to browse anonymously. PureVPN will make it happen for you – and, yes, they now accept Bitcoin.
#6. Virgin Galactic
Richard Branson’s brainchild Virgin Galactic will take you to space if you can spare a few Bitcoins!
#7. OkCupid
Find love with the help of OkCupid and (Bitcoins!)
#8. Overstock.com
Shop till you drop online with cryptocurrencies
#9. Microsoft
The tech giant accepts bitcoins to purchase most of its XBOX content and games
#10. Reddit
Share, tag, and enhance your online presence with Bitcoins at Reddit!