Posts Tagged ‘Bitcoin (BTC)

bitcoin-current-network-difficulty

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
CEX.io – 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
Hashop.io – 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

bitcoin-sudden-price-drop

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…

expedia-logo

Expedia, one of the largest online international travel agents, has announced that they are stating to accept Bitcoin as a form of payment for hotel purchases. Expedia has partnered with Coinbase as the payment processor, just like another big company that recently announce their plans for starting to accept Bitcoin payments, namely Dish Network.

“Expedia, Inc. is in a unique position, as one of the world’s leading online travel agencies, to solve travel planning and booking for our customers and partners alike by adopting the latest payment technologies,” said Michael Gulmann, Vice President, Expedia Global Product. “We’re continually looking at ways consumers want to pay for their travel; bitcoin is a great example of how Expedia is investing early in an array of payment options to give our customers and partners more choice in the ways they interact with us.”

Expedia’s customers can easily find and select Bitcoin as a payment option at check-out along with all other methods accepted on the site, including Visa, MasterCard, American Express, Discover, JCB, Diners Club and PayPal. To purchase hotel reservations using the newly accepted currency, customers simply indicate Bitcoin as their method of payment and then follow a few steps to safely and securely complete each transaction. Expedia will not collect or hold any Bitcoin from the payments they get, it will immediately convert all customer Bitcoin transactions into U.S. dollars as pretty much most other companies accepting Bitcoin as a means of payment do in order to minimize the risk of BTC price dropping.

On a side note, Google Finance has just launched a Bitcoin price tracker, not long after Yahoo! Finance has added a price ticker for BTC as well. This is a direct response to both the companies and their users gaining more interest in the crypto currency as it continues to get wider adoption.


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