Posts Tagged ‘Bitcoin (BTC)

bitcoinwisdom-difficulty-chart

With the release of the latest generations of powerful mining hardware such as the Bitmain AntMiner S7 and Avalon 6 that is available to normal miners and not only to large mining operations along with the increase of the Bitcoin price lately mining for Bitcoin has started to become profitable again. As a direct result of the new hardware getting released and the price increase there was the inevitable total hashrate and thus difficulty increase in the Bitcoin network and that increase has been quite significant. If you take a closer look at how difficulty has risen in the last month and a half or so you will notice that the things have developed quite rapidly with close to 50% increase and the rise will apparently continue with a lot more more new hardware still getting added. So while it is still quite profitable to mine with new hardware such as the latest ASIC miners mentioned above and fast ROI times for these devices the miners with older hardware might already be struggling to make a profit. So you should be careful with making investments in new mining hardware even though at the moment things look quite nice if you do the math.

Do note forget that in a couple of months, roughly this summer, another halving of the Bitcoin reward is expected and even though it will most likely be coming with another significant increase in the price of BTC you should still have it in mind. The current situation on the Chinese financial markets are also significantly influencing the price of Bitcoin with many people saying that the trouble in China are also responsible for many people turning to BTC and thus further increasing the price of the crypto currency. This all means that we have an interesting year ahead of us with many expecting to see Bitcoin price getting back to levels like $1000 USD per BTC when the reward halving occurs and even more by the end of the year. Still this does not mean that there could be some negative surprises as well, so you should be carefully and not rush into buying Bitcoin or getting back into mining it without thinking things through first.

current-bitcoin-price-bitcoinwisdom

Lately we’ve seen the exchange price of Bitcoin exploding and yet again the driving force behind the serious spike seem to be the big number of Chinese people investing into BTC. While on the western Bitcoin exchanges the price is trying to reach a new high of about $380 USD per Bitcoin, we are seeing that the big Chinese exchanges are already very close to $400 USD. This simply means that other exchanges will most likely follow and we may even reach $400 USD exchange rate even later today and it might not be the end of the price increase. So you might want to keep a close eye on what is happening with the price of Bitcoin and take advantage of the best moment to sell some coins…

halleybtc-investment-plans

A new service called HalleyBTC was just recently launched that offers high ROI for its Bitcoin savings investment options. The service is apparently operated and backed by one of the large Chinese Bitcoin mining farm operators – Halley China (though it seems that it could be ZeusMiner/ZeusHash instead through some partnership with Halley China), so that is apparently where the interest for your investment is coming from. While Halley China is not open to international investors (their website is only available in Chinese), it seems that the new HalleyBTC service is targeting a broader English speaking audience. They have definitely launched the new service right on time as with the recent jump in the price of Bitcoin there is a lot of increase in user’s interest in different ways to invest in Bitcoin.

The service offers three types of investment options, the first one is called Current Deposit and it gives you 0.02% daily interest with no fixed period. The other two higher return options are for 30-Day Fixed Deposit with 15% expected APY (Annual Percentage Yield) and 90-Day Fixed Deposit with 17% expected APY. The higher interest rate is ensured by the fact that your investment is being locked for a specific term, so apparently the Bitcoin you invest on the long term can in turn be used for investment in the existing Bitcoin mining farms of the company to increase the mined coins for example.

halleybtc-bonus

For their launch HalleyBTC is running a special promotion giving each new user the chance to get 1 to 10 Bitcoins as a bonus deposit to start your investment. All you have to do is register a new account and click on the Get Bonus button on the main page. Do note that what you get as a bonus investment in BTC cannot be withdrawn and will be in your account for 10 days only, what you get to keep is the interest rate you accumulate on the amount for these 10 days. The idea is to get to try and see how the service works without having to invest any of your own Bitcoins up front, do note however that this promotion is only valid up to November 8th November 15th, so do take advantage of the offer before actually sending any of your own coins!

For more information and to try out the new HalleyBTC Bitcoin investment service…


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