Fear not, China is not banning cryptocurrency

In 2008, after the financial crisis, an article titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published detailing the concepts of a payment system. Bitcoin was born. Bitcoin caught the world’s attention with its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the Internet, blockchain offers solutions to problems that we have failed to address or neglected over the past few decades. I won’t go into the technical side of this, but here are some articles and videos I recommend:

How Bitcoin Works Under the Hood

A gentle introduction to blockchain technology

Have you ever wondered how Bitcoin (and other cryptocurrencies) actually work?

Fast forward to today, February 5th to be exact, authorities in China have just unveiled a new set of regulations to ban cryptocurrency. The Chinese government already did it last year, but many have bypassed through foreign exchanges. It has now enlisted the all-powerful “Great Firewall of China” to block access to foreign exchanges in an attempt to prevent its citizens from transacting with cryptocurrency.

To learn more about the Chinese government’s position, let’s go back a few years to 2013, when Bitcoin was gaining popularity among Chinese citizens and prices were skyrocketing. Concerned about price volatility and speculation, the People’s Bank of China and five other government ministries published an official notice in December 2013 titled “Bitcoin Financial Risk Prevention Notice” (link is in Mandarin). Several points were highlighted:

1. Due to various factors such as limited supply, anonymity and lack of a centralized issuer, Bitcoin is not an official currency but a virtual commodity that cannot be used in the open market.

2. All banks and financial organizations are not permitted to offer Bitcoin-related financial services or engage in Bitcoin-related commercial activity.

3. All companies and websites that offer Bitcoin-related services must register with the necessary government ministries.

4. Due to the anonymity and cross-border characteristics of Bitcoin, organizations providing Bitcoin-related services must implement preventive measures such as KYC to prevent money laundering. Any suspicious activity, including fraud, gambling and money laundering, should be reported to the authorities.

5. Organizations providing Bitcoin-related services must educate the public about Bitcoin and the technology behind it and not mislead the public with misinformation.

In layman’s terms, Bitcoin is categorized as a virtual commodity (eg in-game credits) that can be bought or sold in its original form and must not be exchanged for fiat currency. It cannot be defined as money – something that serves as a medium of exchange, a unit of account and a store of value.

Although the notice is from 2013, it is still relevant in terms of the Chinese government’s stance on Bitcoin, and as mentioned, there is no indication of a ban on Bitcoin and cryptocurrency. Rather, regulation and education about Bitcoin and blockchain will play a role in China’s crypto market.

A similar notice was issued in January 2017, reiterating that Bitcoin is a virtual commodity and not a currency. In September 2017, the initial coin offering (ICO) boom led to the publication of a separate notice entitled “Notice to Prevent Financial Risk from Issued Tokens”. Soon after, ICOs were banned and Chinese exchanges were investigated and eventually shut down. (Hindsight is 20/20, they made the right decision to ban ICOs and stop mindless gambling). Another blow was dealt to the cryptocurrency community in China in January 2018 when mining operations faced severe crackdowns citing excessive electricity consumption.

While there is no official explanation for the cryptocurrency crackdown, capital controls, illegal activities, and protecting citizens from financial risk are some of the main reasons cited by experts. Indeed, Chinese regulators have introduced tighter controls, such as a cap on overseas withdrawals and regulation of foreign direct investment, to curb capital flight and secure domestic investment. The anonymity and ease of cross-border transactions have also made cryptocurrency a favorite vehicle for money laundering and fraudulent activities.

Since 2011, China has played a crucial role in Bitcoin’s meteoric rise and fall. At its peak, China accounted for over 95% of global bitcoin trading volume and three-quarters of mining operations. With regulators stepping in to control trade and mining operations, China’s dominance has shrunk significantly in exchange for stability.

With countries like Korea and India following suit in cracking down, a shadow has now been cast over the future of cryptocurrency. (I’ll repeat my point here: countries regulate cryptocurrency, not ban it). We will no doubt see more nations joining in the coming months to tame the tumultuous crypto market. Indeed, some order was long overdue. Over the past year, cryptocurrencies have experienced unheard of price volatility and ICOs happen literally every other day. In 2017, total market capitalization rose from $18 billion in January to an all-time high of $828 billion.

However, the Chinese community is in surprisingly good spirits despite the crackdown. Online and offline communities are thriving (I personally attended quite a few events and visited some of the firms) and blockchain startups are popping up all over China.

Major blockchain firms such as NEO, QTUM and VeChain are attracting huge attention in the country. Startups like Nebulas, High Performance Blockchain (HPB) and Bibox are also gaining quite a bit of traction. Even giants like Alibaba and Tencent are also exploring the possibilities of blockchain to improve their platform. The list goes on and on, but you get my point; it will be HUGIE!

The Chinese government is also embracing blockchain technology and has stepped up efforts to support the creation of a blockchain ecosystem in recent years.

In China’s 13th Five-Year Plan (2016-2020), it calls for the development of promising technologies, including blockchain and artificial intelligence. It also plans to boost research on the application of fintech in regulation, cloud computing and big data. Even the People’s Bank of China is also testing a prototype blockchain-based digital currency; however, as it will likely be a centralized digital currency equipped with some encryption technology, its acceptance by Chinese citizens remains to be seen.

The launch of the Trusted Blockchain Open Lab as well as the China Blockchain Technology and Industry Development Forum by the Ministry of Industry and Information Technology are some of the other initiatives by the Chinese government to support blockchain development in China.

A recent report titled “China Blockchain Development Report 2018” (English version in the link) by the China Blockchain Research Center details the development of China’s blockchain industry in 2017, including the various measures taken to regulate cryptocurrency in the mainland . In a separate section, the report highlighted the optimistic outlook of the blockchain industry and the huge attention it received from venture capital firms and the Chinese government in 2017.

In summary, the Chinese government has shown a positive attitude towards blockchain technology despite its enforcement of cryptocurrency and mining. China wants to control cryptocurrency and China will get control. Repeated measures by regulators aimed to protect their citizens from the financial risk of cryptocurrencies and limit capital flight. Currently, it is legal for Chinese citizens to hold cryptocurrencies, but they are not allowed to make any form of transaction; hence the ban on exchanges. As the market stabilizes in the coming months (or years), we will undoubtedly see a revival in the Chinese crypto market. Blockchain and cryptocurrency go hand in hand (except in the private chain where the token is not needed). Because of this, countries cannot ban cryptocurrency without banning blockchain, the great technology!

One thing we can all agree on is that blockchain is still in its infancy. There are many exciting developments ahead, and right now is definitely the best time to lay the foundations for a blockchain-enabled world.

Last but not least, HODL!

Cryptocurrency mining

Cryptocurrency mining is an endless game in this digital world. Bitcoin, the first decentralized currency, introduced in early 2000. Cryptocurrency mining is a complex procedure for verifying transactions and adding them to the public ledger (blockchain). This record of past transactions is called a block chain because it is a chain of blocks. The blockchain serves to confirm completed transactions to the rest of the network. The blockchain is also responsible for releasing new bitcoins. Each of the many crypto coins available depends on the basic idea of ​​the blockchain.

Mining process

Cryptocurrency was supposed to be decentralized, secure and immutable. So every transaction is encrypted. Once this coded transaction occurs, it is added to what many call a “block” until a fixed number of transactions have been recorded. This block is then added to a chain – the blockchain – which is publicly available. While mining Bitcoin, Dash, Litecoin, Zcash, Ethereum and others, the miner must compile recent transactions into blocks and solve a computationally difficult puzzle. There are several online bitcoin mining sites. This has become a very popular way to earn money.

Cryptocurrency is cryptographic, which means it uses special encryption that allows control of coin generation and transaction confirmation. A block is pretty useless in its current form. However, after applying the algorithm to a particular block. When matched, the miner gets several bitcoins. To earn bitcoins by mining, a miner must be technical. Bitcoin mining for profit is very competitive. The price of Bitcoin makes it difficult to make monetary profits without also speculating on the price. Payment is based on how much their hardware contributed to solving that puzzle. Miners verify transactions, ensure they are not fake, and keep the infrastructure moving.

The best coins to mine

Bitcoins are not a decent solution for novice miners who are experimenting on a small scale. The current upfront speculation and maintenance costs, as well as the pure scientific problems of the procedure, simply do not make it productive for buyer-level hardware. Bitcoin mining is currently reserved for large-scale operations. Litecoins, Dogecoins and Feathercoins are three digital forms of money based on Scrypt that are the best money saving advantage for apprentices. At Litecoin’s current valuation, one can earn anywhere from 50 pence to $10 for each day using client-level mining hardware. Dogecoin and Feathercoin would return marginally less benefits with similar mining hardware, but they end up becoming more popular every day. Peercoins can also be a reasonably fair profit for your time and vitality venture.

As more people join the rise of cryptocurrencies, your solution may become more difficult to mine as more expensive hardware will be required to find coins. You will be forced to either contribute vigorously in the event that you need to continue mining this coin, or you will have to take your earnings and switch to a less demanding cryptocurrency. Understanding the main 3 Bitcoin mining strategies is probably where you should start; this article focuses on mining scrypt coins. Likewise, make sure you are in a country where Bitcoin and Bitcoin mining are legal.

Mining target

How about we focus around cryptocurrency mining. The whole focal point of mining is to achieve three things:

1. Give accounting administrations to the coin network. Mining is essentially every minute of daily computer accounting called “verification of transactions”.

2. Get a small reward for your accounting administrations by accepting parts of coins every few days.

3. Reduce your personal expenses, including energy and hardware.

Some basic terms

Free private database called coin wallet. It’s a password-protected container that stores your earnings and maintains a huge record of transactions. A free mining software suite similar to that from AMD, usually composed of cgminer and stratum. Enrollment in a web-based mining pool, which is a community of miners who consolidate their computers to increase profitability and stability of wages. Enrollment in an online money exchange where you can exchange your virtual coins for conventional money and vice versa. Reliable full time web association ideally 2 megabits every second or higher speed. A place to install hardware in your basement or other cool and air-conditioned space.

A work area or specially made computer designed for mining. Indeed, you can use your current computer to run, but you won’t have the capacity to use the computer while the miner is running. A separate dedicated computer is ideal. Tip: Do not use a laptop, game console, or handheld mining device. These devices are simply not successful enough to generate salaries. An ATI graphics processing unit (GPU) or a specialized processing unit called an ASIC mining chip. The price will be anywhere from $90 used to $3000 new for each GPU or ASIC chip. The graphics processing unit or ASIC will be the workhorse for providing accounting administrations and mining work.

A homemade fan that blows cool air through your mining computer. Mining generates significant heat and cooling your hardware is critical to your prosperity. Personal interest. You absolutely need a solid appetite for reading and constant learning, as there are constant changes in innovation and new methods to upgrade coin mining are emerging. The best coin miners spend hours consistently thinking about the most ideal ways to adjust and improve their coin mining performance.

Cryptocurrency Mining Profitability Every time a mathematical problem is solved, a constant amount of Bitcoins is created. The amount of bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of bitcoins awarded per block is 12.5. The last bock halving happened in July 2016, and the next one will be in 2020. Profitability estimation can be done by using various online mining calculators. The development of digital currency standards, for example Bitcoin, Ethereum and Bitcoin Cash, has caused huge undertakings by companies and this is necessary to support significant market development in the near future.

Cryptocurrency mining is a computationally intensive process that requires a network of multiple computers to verify a transaction record known as a blockchain. Miners are offered a share of transaction fees and gain a higher probability of finding another block by providing high computing power. These maintenance transactions help provide increased security to network clients and ensure honesty, which is relied upon as a prominent factor influencing the development of the global cryptocurrency mining market.

The basics of cryptocurrency and how it works

In the times we live in, technology has made incredible advances compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and thus human life on earth is continuously improving day by day. One of the latest inclusions in this aspect is cryptocurrencies.

Cryptocurrency is nothing but a digital currency that is designed to enforce security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. New coins are created through a process called mining, while transactions are recorded in a public ledger called a transaction block chain.

A little flashback

The evolution of cryptocurrency is mainly due to the virtual world of the web and involves the procedure of transforming readable information into a code that is almost unbreakable. This makes it easier to track purchases and transfers involving the currency. Cryptography, after its introduction in World War II to secure communication, has evolved into this digital age, mixing with mathematical theories and computer science. Thus, it is now used to provide not only communication and information, but also money transfers in the virtual network.

How to use cryptocurrency

It is very easy for common people to use this digital currency. Just follow the steps below:

  • You need a digital wallet (obviously to store the currency)
  • Use the wallet to create unique public addresses (this allows you to receive the currency)
  • Use the public addresses to transfer funds in or out of the wallet

Cryptocurrency wallets

A cryptocurrency wallet is nothing but a software program that can store both private and public keys. In addition to this, it can also interact with different blockchains so that users can send and receive digital currency and also keep track of their balance.

How digital wallets work

Unlike conventional wallets that we carry in our pockets, digital wallets do not store currency. In fact, the blockchain concept is so intelligently blended with cryptocurrency that currencies are never stored in a specific location. Nor do they exist anywhere in hard cash or physical form. Only records of your transactions are stored on the blockchain and nothing else.

A real life example

Suppose a friend sends you digital currency, say in the form of Bitcoin. What this friend does is it transfers ownership of the coins to your wallet address. Now, when you want to use this money, you have unlocked the fund.

To unlock the fund, you need to match the private key in your wallet with the public address the coins are assigned to. Only when these private and public addresses match will your account be credited and your wallet balance will swell. Simultaneously, the balance of the sender of the digital currency will decrease. In digital currency transactions, the actual exchange of physical coins never takes place at any point.

Understanding Cryptocurrency Address

By nature, it is a public address with a unique character string. This allows a user or digital wallet owner to receive cryptocurrency from others. Each public address that is generated has a corresponding private address. This automatic match proves or establishes ownership of a public address. As a more practical analogy, you can accept a public cryptocurrency address as your email address to which others can send emails. Emails are the currency people send you.

Understanding the latest version of technology in the form of cryptocurrency is not difficult. One needs a bit of interest and time on the web to clear the basics.

The definition of Bitcoin

Bitcoin is known as the first decentralized digital currency, they are basically coins that can be sent over the internet. 2009 was the year Bitcoin was born. The creator’s name is unknown, but the pseudonym Satoshi Nakamoto is given to this person.

Advantages of Bitcoin.

Bitcoin transactions are done directly from person to person over the internet. There is no need for a bank or clearing house to act as an intermediary. Thanks to this, transaction fees are much lower, they can be used in all countries of the world. Bitcoin accounts cannot be frozen, there are no prerequisites for opening them, and no restrictions. Every day more and more merchants are starting to accept them. With them you can buy anything you want.

How Bitcoin Works.

It is possible to exchange dollars, euros or other currencies into bitcoins. You can buy and sell like any other country’s currency. To keep your bitcoins, you need to store them in something called wallets. These wallets reside on your computer, mobile device, or on third-party websites. Sending bitcoins is very simple. It’s as simple as sending an email. You can buy practically anything with bitcoins.

Why Bitcoin?

Bitcoin can be used anonymously to buy any kind of goods. International payments are extremely easy and very cheap. The reason for this is that Bitcoins are not actually tied to any country. They are not subject to any regulation. Small businesses like them because there are no credit card fees involved. There are people who buy bitcoins just for the purpose of investment, expecting them to increase in value.

Ways to acquire bitcoins.

1) Buy on an exchange: People are allowed to buy or sell bitcoins from sites called bitcoin exchanges. They do this by using their countries’ currencies or any other currency they have or like.

2) Transfers: People can simply send bitcoins to each other through their mobile phones, computers or through online platforms. It’s the same as sending cash digitally.

3) Mining: the network is protected by some individuals called miners. They are rewarded regularly for all newly confirmed transactions. These transactions are fully verified and then recorded in what is known as a public transparent ledger. These people compete to mine these bitcoins by using computer hardware to solve difficult math problems. Miners invest a lot of money in hardware. Nowadays there is something called cloud mining. Using cloud mining, miners simply invest money in third-party websites, these sites provide all the necessary infrastructure, reducing hardware costs and energy consumption.

Storing and Saving Bitcoins.

These bitcoins are stored in so-called digital wallets. These wallets exist in the cloud or on people’s computers. A wallet is something like a virtual bank account. These wallets allow people to send or receive bitcoins, pay for things, or simply save the bitcoins. Unlike bank accounts, these Bitcoin wallets are never insured by the FDIC.

Types of wallets.

1) Cloud Wallet: The advantage of having a cloud wallet is that people don’t need to install software on their computers and wait for long syncing processes. The downside is that the cloud can be hacked and people can lose their bitcoins. However, these sites are very secure.

2) Computer wallet: the advantage of having a computer wallet is that people keep their bitcoins safe from the rest of the internet. The downside is that people can delete them by formatting the computer or due to viruses.

Bitcoin Anonymity.

When making a Bitcoin transaction, you do not need to provide the person’s real name. Every single Bitcoin transaction is recorded and is what is known as a public ledger. This log only contains wallet IDs, not people’s names. so basically every transaction is private. People can buy and sell things without being tracked.

Bitcoin innovation.

Bitcoin created a whole new way to innovate. Bitcoin software is open source, which means anyone can review it. Today’s fact is that Bitcoin is transforming the world’s finances, similar to how the web changed everything about publishing. The concept is brilliant. When everyone has access to the entire Bitcoin global market, new ideas emerge. The reduction of transaction fees is a fact of Bitcoin. Accepting bitcoins is worth everything, plus they are very easy to set up. Fee refunds do not exist. The Bitcoin community will generate additional businesses of all kinds.

how "Crypto" Currencies Work – A Brief Overview of Bitcoin, Ethereum and Ripple

“Crypto” – or “cryptocurrencies” – are a type of software system that provides transactional functionality to users via the Internet. The most important feature of the system is their decentralized nature – usually provided by blockchain database system.

Blockchain and “crypto-currencies” have recently become staples of the global zeitgeist; usually as a result of the “price” of Bitcoin skyrocketing. This caused millions of people to participate in the market, with many of the “Bitcoin exchanges” experiencing massive infrastructure stress as demand soared.

The most important point to understand about “crypto” is that although it actually serves a purpose (cross-border transactions over the Internet), it does not provide any other financial benefit. In other words, its “intrinsic value” is firmly limited to the ability to transact with other people; NOT in storing/distributing value (as most people see it).

The most important thing to realize is that “Bitcoin” and the like are payment networks – NOT “currencies”. This will be covered in more depth in a second; the most important thing to realize is that getting “rich” with BTC is not a case of making people better off economically – it’s simply the process of being able to buy “coins” at a low price and sell them higher.

To that end, when looking at “crypto” you must first understand how it actually works and where its “value” really lies…

Decentralized Payment Networks…

As mentioned, the key thing to remember about “Crypto” is that it is mostly a decentralized payment network. Think Visa/Mastercard without the central processing system.

This is important because it highlights the real reason why people have really started to look more deeply at the Bitcoin proposition; gives you the ability to send/receive money from anyone in the world as long as they have your bitcoin wallet address.

The reason this assigns a “price” to the various “coins” is because of the misconception that “Bitcoin” will somehow enable you to make money by virtue of being a “crypto” asset. It doesn’t work.

The ONLY The way people make money with Bitcoin is because of “spiking” its price – buying the “coins” at a low price and selling them at a MUCH higher price. While it worked out well for a lot of people, it was actually based on the “bigger fool theory” – essentially stating that if you manage to “sell” the coins, it’s to a “bigger fool” than you.

This means that if you’re looking to get into the “crypto” space today, you’re basically looking to buy any of the “coins” (even “alt” coins) that are cheap (or cheap) and run them as the price goes up. until you sell them off later. Since none of the “coins” are backed by real-world assets, there’s no way to tell when/if/how this will work.

Future growth

For all intents and purposes “Bitcoin” is spent power.

The epic rally of December 2017 showed mass acceptance, and although its price will likely continue to rise to the $20,000+ range, buying one of the coins today will basically be a big risk that this will happen.

The smart money is already looking at the majority of “alt” coins (Ethereum/Ripple, etc.) which have a relatively low cost but are constantly growing in price and adoption. The key thing to look at in the modern “crypto” space is how the various “platform” systems are actually used.

Such is the rapidly evolving “tech” space; Ethereum & Ripple look like the next “Bitcoin” – with a focus on how they are able to provide users with the ability to actually use “decentralized applications” (DApps) on their main networks to get functionality to work.

This means that if you’re looking for the next level of “crypto” growth, it will almost certainly come from the various platforms you can identify out there.

How Bitcoin Works

Bitcoins are a decentralized form of cryptocurrency. This means they are not regulated by a financial institution or government. As such, unlike a traditional bank account, you do not need a long list of documents such as an ID card to be able to create what is known as a Bitcoin wallet. A bitcoin wallet is what you will use to access your bitcoins and send bitcoins to other individuals.

How to set up an account

You can acquire a Bitcoin wallet from a Bitcoin broker like Coinbase. When you open a wallet through a certified broker, you are given a Bitcoin address, which is a series of numbers and letters, similar to an account number for a bank account, and a private key, which is also a series of numbers and letters that serves as your password.

How Bitcoin works as an anonymous payment processor

You can do 3 things with bitcoins, you can make a purchase, send money anonymously to someone or use it as an investment. More and more merchants are accepting Bitcoin as a form of payment. By using bitcoins instead of cash, you are essentially making this purchase anonymously. The same goes for sending money, based on the fact that you don’t have to send a mountain of payments to create Bitcoin anonymously, you can essentially send money to someone else anonymously.

How Bitcoin Works as an Investment

The price of Bitcoin fluctuates from time to time. Just to put things into perspective, at the beginning of 2013, the average price of Bitcoin was approximately $400 per Bitcoin, but by the end of 2013, the price of Bitcoin had risen to over $1000. This meant that if you had 2 bitcoins worth $800 at the beginning of 2013 and held them as an investment until the end of 2013, those two bitcoins would be worth over $2000 instead of $800. Many people hold bitcoins due to the fact that their value fluctuates.

Bitcoin casino and poker sites

Because of Bitcoin’s anonymity, the gambling industry has adopted Bitcoin as a payment method. Both bitcoin casinos and bitcoin poker sites come alive and offer their players to make deposits, play with bitcoin at the tables and withdraw directly to their bitcoin wallet. This means there are no taxes or opportunities for government control. Like a regular casino in Nevada where you don’t need to register anywhere and all your transactions are anonymous.

How do you send bitcoins

To pay for goods and services or send bitcoins to an individual, 3 things are required. Your bitcoin address, your private key and the individual’s bitcoin address. From now on, you will put 3 pieces of information through your bitcoin wallet, which are: input, balance and output. The input refers to your address, the balance refers to the amount of bitcoins you will send, and the output is the recipient’s address.

This is how Bitcoin works in the cryptocurrency world

In case you don’t know, bitcoin is a type of decentralized network of cryptocurrency. In this process, transactions are based on a 16-character encrypted address. In simple terms, it’s just like your social security number. In terms of security, only you can transfer the funds as you have the address, which includes two-factor verification. In fact, Bitcoin consists of a network of several independent computers that are responsible for generating, distributing and verifying monetary transactions. Let’s find out more.

How do you buy bitcoins?

If you want to buy bitcoins, make sure you have the wallet app installed on your computer. With this app you can send and receive as many bitcoins as you want.

To buy Bitcoin, you are required to deposit funds into your web-based wallet, which acts as a bridge between sellers and buyers.

Once the exchange accepts your currency, your next move is to place an order, which is just like buying a stock.

How does bitcoin work?

Basically, Bitcoin is an international, decentralized peer-to-peer network. Below is a description of how Bitcoin works.

1. First of all, mines create bitcoins using computers to solve mathematical functions. Then there is a process that verifies the transactions.

2. In the next stage, traditional currencies are used for Bitcoin stock trading. In fact, it works as a gateway to the cryptocurrency world, especially for non-miners. We can say that it is just like buying stocks using a trading app.

3. Whether you are an individual or a business, you can create wallets to send or receive bitcoins. If you used a PayPal account, you can easily use this type of wallet as well. The good thing about cryptocurrency is that it is based on a secure network. Moreover, it makes all transactions completely safe.

Can you mine bitcoins at home?

If you are interested in mining bitcoins at home, the description given below can help you get started.

Cryptocurrency mining

Cryptocurrency mining is an approach that involves confirming cryptocurrency transactions and making entries in the blockchain ledger. If you want to resolve or mine cryptocurrency transactions, you have to compete with many other minors by doing complex calculations. This type of processing requires a lot of processing power.

As soon as the transaction is done, the system rewards you with Bitcoin or any other currency you mine.

Can you use your laptop to mine bitcoins?

The good news is that you can use your laptop to mine Bitcoin. However, the million dollar question is, can it make you enough money? The short answer is, no. Although you can mine with your laptop, you won’t earn more than pennies, which is not worth it.

In other words, you need an extremely powerful computer with multiple graphics cards to enjoy the highest mining speed.

So, if you are interested in mining or investing in bitcoins, you can follow the tips given in this article.