The Consequences of a Rising Difficulty

Many Bitcoin enthusiasts are concerned about the massive increases that the mining difficulty level has experienced over the past several months. As ASICs fly off the shelves, the network’s hash rate skyrockets (we just recently hit 1 petahash, or 1 quadrillion hashes per second), which rapidly boosts the difficulty level, sometimes doubling it in less than a month.

In fact, most ASICs that are sold do not even exist yet, and the buyer has …

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Earn Passive and "Risk-free" Interest on Bitcoin and Other Alt-coins

There are plenty of people out there, especially Bitcoin newbs and many younger people, who will do absolutely anything to get their Bitcoin fix. They will spend hours refreshing the Bitcoin faucets and solving CAPTCHAs just because they can get tiny doses of ‘free’ money. There is nothing necessarily wrong with this, in fact, I used to do it myself. If you honestly have nothing better to do, sure, why not spend your time collecting …

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