Post Tagged with: "Genesis Mining"

Investors Bet on Altcoins by Buying Hash Power

Investors Bet on Altcoins by Buying Hash Power

by February 1, 2017 at 10:52 am 1 comment

Bitcoin is notoriously volatile, making it dangerous to use it as a currency. That fraction of a coin that buys you a pizza this week might bring two the next (though you would starve if you waited that long.) Bitcoin’s value began 2017 around $430 and is now around $960. ThisRead More

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

by April 27, 2015 at 11:56 am 0 comments

Hey buddy, wanna buy some bitcoins? It’s buyer-beware in the world of bitcoin cloudmining, with as many as 75% of those purporting to provide the service being fraudulent, according to a bitcoin mining industry expert. Cloudmining allows users to invest money up front in mining operations and get bitcoins out the backendRead More