Posts Tagged ‘Bitcoin (BTC)


PayPal as one of the largest online payment processors in the world is seeing the potential that Bitcoin and crypto currencies in general have and they do want to take advantage of the Bitcoin and the technology that comes with it. So it is no wonder that PayPal is interested in supporting Bitcoin payments as well, but today there are more interesting news regarding the Bitcoin support from PayPal. Earlier this month the company has announced that businesses working with Braintree, a PayPal company, will soon be able to accept Bitcoin as a payment option through their partnership with Coinbase, a BTC payment processor. Today however came another big announcement from PayPal as the “next step in helping merchants accept Bitcoin payments”. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin. Starting today, these agreements let PayPal digital goods merchants accept Bitcoin with a simple integration through the PayPal Payments Hub. This will be available to merchants in North America first.

“To be clear, today’s news does not mean that PayPal has added Bitcoin as a currency in our digital wallet or that Bitcoin payments will be processed on our secure payments platform. PayPal has always embraced innovation, but always in ways that make payments safer and more reliable for our customers. Our approach to Bitcoin is no different. That’s why we’re proceeding gradually, supporting Bitcoin in some ways today and holding off on other ways until we see how things develop.”

The reaction of the crypto currency market to this announcement has caused a spike in the prices that were keeping quite low for a few days already, we’ll see if the upwards trend continues or it will be followed by another dump of coins.

To read the full announcement from PayPal about their new support for Bitcoin payments…


We have decided to do a quick roundup of the current Bitcoin cloud mining prices you can find with various service providers that we have tested or covered so far. We are not covering Scrypt cloud mining services this time as currently the Litecoin difficulty is high and price, along with the price of most other Scrypt crypto currencies is currently quite low, so it might not be the best moment to invest in Scrypt at the moment. While at the same time the Bitcoin price is quite nice at the current level, though the network difficulty has been steadily increasing as well. We have decided to have two categories, one for the typical cloud mining services an the other for the hashrate renting services as an alternative for short term investment in more hashrate. Do note however that renting hashrate or mining rigs to mine Bitcoins for you with Bitcoins might not be the wisest idea.

Typical BTC cloud mining services:
Bitcoin Cloud Services – 0.00290000 BTC per GHS, 5 years, no pool fee, no maintenance fee
PBMining – 0.00300143 BTC per GHS, 5 years, no pool fee, no maintenance fee – 0.00682705 BTC per GHS, indefinite, no pool fee, has maintenance fee
Cointerra Mining – 0.00775 BTC per GHS, 1 year contract, pool and maintenance fees – 0.00844000 BTC per GHS, 2 years, no pool fee, maintenance electricity fee
Cloud Hashing – 0.0116375 BTC per GHS, 1 year contract, pool and maintenance fees

Hashrate renting mining services:
Nice Hash – 0.00002620 BTC per GHS per Day (current)
Mining Rig Rentals – 0.00003490 BTC per GHS per Day (current), cheapest 0.00003 BTC


If you were wondering what caused the latest drop in price of Bitcoin, well it was the US Marshall Service that made an announcement for their intention to be auctioning 29,656.51306529 Bitcoins at the end of the month. These are the BTCs that were seized from Silk Road, though the auction will not include the substantially larger amount of Bitcoins belonging to Ross William Ulbricht, the operator of Silk Road. This news has caused the quick drop in price, but it seems that already things are starting to calm down and the price is slowly starting to get back up.

For more about the Bitcoin auction organized by the US Marshall Service…