Archive for the ‘General Info’ Category

bitcoin-wallet-importing-blocks-from-diskw

If you are just getting into Bitcoins and started by installing the Bitcoin wallet on your computer you may notice that the synchronization process with the Bitcoin network is taking up quite some time. This is due to the very large blockchain that has been generated so far and it will continue to grow even bigger, so besides more than 10 Gigabytes of space you need to be ready to wait a bit. There is however a clever solution that might speed thing up, you can download a file to help you import most of the blockchain locally much faster and then synchronize with the rest of the network in no time.


What to do guide:

– Download and install the Bitcoin wallet software, run it and then close it.
– Download the bootstrap.dat file (via a torrent client).
– Copy the bootstrap.dat file in the folder \Users\YOUR_WINDOWS_USERNAME\AppData\Roaming\Bitcoin (for Windows) or in the Bitcoin data folder for other OSes
– Run the Bitcoin software to import most of the blockchain locally and then to download only the rest and synchronize the client

This will get you up to speed and running in no time and much faster than running the Bitcoin client and waiting for it to download and synchronize the complete blockchain from the start to the most recent blocks.

cexio-ghs-price-drop

If you were considering of trying out Bitcoin Cloud Mining, then now is your chance to get a better price per GHS at CEX.IO as currently there is a slight drop to below 0.0440 BTC per GHS as previously the exchange rate was over 0.0460 BTX per GHS. Buying cloud mining hashrate for Bitcoins at a lower price gives you a better chance to sell it later on with profit, besides the coins that the hasrate you’ve got has mined for you meanwhile. So it is a win-win situation – both profit from cloud mining Bitcoins and profit if/when you decide to sell your hashrate later. The good thing about Bitcoin Cloud Mining is that it is easy to get into it and requires no efforts on your side to setup, monitor and support any hardware – everything is automatically done for you and you just get the mined Bitcoins. And that continues for life or until you decide to sell your hashrate to another user and make some extra profit selling it at a higher price than you bought it.

For more information about the cloud service and to try Bitcoin Cloud Mining at CEX.IO…

doge-crypto-mining-profitability

DOGE coin is on the rise again, after being one of the best alternative scrypt-based crypto currencies to mine instead of LTC a few weeks ago. If you are currently mining LTC directly, then you should reconsider and start mining DOGE coin and after that selling the DOGE for LTC. This way you will make much better profit than directly mining for LTC coins, at the moment directly mining DOGE coins and selling for LTC you can double your profit. Simply said by mining DOGE coins you can end up with twice the profit than directly mining LTC coins at this moment and the profitability may go even higher than that. So if you have GPUs mining for LTC switch them to mine DOGE for now.

The other good thing about mining DOGE coins and trading them for LTC is that the LTC difficulty will not rise as much and in fact may even drop a bit, so it will be easier to mine Litecoins if and when DOGE is not that profitable anymore to mine. So definitely a win-win situation – you get about double profit and will make LTC easier to mine in the feature.

Where to mine DOGE coins?
List of Dogecoin Mining Pools

Where to sell DOGE coins?
Bleutrade
Bter
C-cex
Atomic Trade


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