Month: July 2016

Is Bitcoin Mining Still Profitable After The Halving?

If you are into bitcoin mining, do not be surprised if the output suddenly fell through the roof. According to Reuters, the code that was built into the virtual currency system has cut the mining reward into half last July 9. Previously, 25 bitcoins can be mined every 10 minutes but it has been halved to 12.5 in an attempt to curb inflation from the growing number of miners with their extra fast computers.

The halving has serious consequences for dedicated miners because you have to work double to get the same amount of virtual money. Bitcoin miners whose operations are not efficient enough may have to restructure to avoid closing shop. One example is KnCMiner that declared bankruptcy last May after giving warning of impending profit loss. Bitcoin miners who are most likely to survive are those that can keep their costs down to the minimum through low-power computers and minimal staffing.

The bitcoin mining industry must have anticipated the halving considering that the rulebook says that halving will occur every four years. Since the halving schedule occurs like clockwork, users know that rewards will be cut by half. Another halving is set to occur on 2020 and perhaps the bitcoin mining industry will be better prepared so that they can still make money from the transactions.

What is bitcoin cloud mining?

Bitcoin cloud mining means you can share the processing power from data centers located in remote areas. You do not actually need a home computer for mining but it can be important for communications. There are different types of remote bitcoin mining that includes hosted mining, virtual hosted mining and leased hashing power. In hosted mining, you lease a mining computer that is hosted by a provider while in virtual hosted mining; you create a virtual private server and install your own mining software. The most popular method of bitcoin cloud mining is by leasing a certain amount of hashing power without the need for your own computer and specialized software. Since you won’t be paying for electricity, you can consider the monthly lease as an expense to determine whether it is worth the efforts to mine bitcoins.

Owning Bitcoins Is Easy! Here’s How

Before you start thinking about owning your own bitcoins, what you should do first is understand what Bitcoin is all about. Bitcoin is a digital currency that is independent from a central authority. It doesn’t need third party brokers like banking institutions or the government and as such are not controlled by them. Instead, they are created and controlled electronically by complex algorithms. Bitcoins are created by a process called mining which uses software program that is able to solve complex mathematical equations or problems.

For the few years that Bitcoin has existed, it has definitely grown into a powerful online currency that could potentially revolutionize the way people spend their money. From a value of only about a few cents five years ago, Bitcoin is now valued at $645.

One of the most notable traits of bitcoin is its decentralization. Bitcoin is decentralized, meaning it isn’t controlled or regulated by the government and as such, it enjoys a lot of liberties. It is also with these liberties that you should pay caution. Because of its decentralization, it is less likely to experience inflation. Unlike with centralized currencies where the government can always print out more, Bitcoin has a set of limit of 21 million bitcoins which means that there wouldn’t be any more bitcoins in circulation above that number. Inflation is often caused by the government’s printing more money which reduces the value of the currency along with the purchasing power of the people.

To acquire bitcoins, you can either purchase them from exchanges or mine them yourself if you have the means to do so. But before you do that, you must first have a bitcoin wallet which is basically an electronic wallet where you can store and send your bitcoins.

Buying from an exchange is the most common way of getting bitcoins. To buy from an exchange, you must choose one that trades in your currency. Afterwards, you need to register and then start trading. Note that you can also buy portions of Bitcoins rather than a whole bitcoin because they tend to be expensive.

To mine bitcoins, you would need to acquire bitcoin mining software which can easily be bought online.

World’s Best Awards On Airlines That Enhance Their Passenger’s Experience

Some airlines stand out from all the others that are transporting people through the skies. These are airlines that offer more than just decent seat and free meals to their passengers. Every year, Travel & Leisure holds the World’s Best Awards survey so that readers can share experiences on the top hotels they have stayed in, the best resorts in different parts of the world, the best island cruise lines, the best spas that managed to reduce their aches and pains and the best airline that are plying the skies.

The following factors were used by readers to rate international airlines – cabin comfort, in-flight service, customer service and the overall value of the experience. Some carriers have managed to take the lead from their competitors because they have made efforts to enhance their passenger’s experience. Instead of merely reviving the golden age of air travel, they have surpassed the expectations of their passengers.

According to Travel & Leisure reader Anne Star she felt like royalty on the Emirates. The Dubai-based airline certainly deserved the 2nd position on the World’s Best Awards because of its chauffeur service to and fro the flight, the upscale airport lounges and the synchronized flight attendants who made sure they wore matching lipsticks.

The third place in the world’s awards went to international airline Qatar Airways that allows its passengers to choose from a list of fine wines that will please their palette. The airline employs the services of an experienced sommelier to ensure that each wine is rich and ripe enough to please the travelers.

Singapore Airlines has always been the number one on the World’s Best Awards because every passenger is treated as a top-tier flier. One of its services allows passengers to choose a main course from a lengthy menu before they board the plane. There is no exception because even those on the economy class enjoy a good experience.

In order to enhance the comfort and convenience of air travel, a good option will be to book an airport chauffeur prior to the flight. This will save you from the hassle of calling a taxi at the terminal to take you to your destination.

Motorcycle Business In Mitchell Continues To Grow

Klock and the staff of Klock Werks Kustom Cycles, a brand recognized all over the globe and with sales continues to increase, people would think that the company will not work in other parts of the country.

According to Klock, there are various people that have already suggested for him to move to Texas, California and many other places. There are also those asking him for a merger to do some projects. He admitted that his answer was always the same and that is he is going to reach for his dream right from where he is right now.

Klock is a native of Emery and he founded the business back in 1997 together with his partner John Patton. Their first employee was Dan Cheeseman and he was a witness to how the business has grown. In a recent report, the company is expanding into their adopted home Mitchell and they are planning to build additional warehouses amounting to $600,000. This is in an effort to increase its distribution of their motorcycle parts.

The company is now almost to its 20 years of operation and Klock revealed that Mitchell is the best match for their growing business. It was developed at the time Internet was at its booming stage and because of this, Klock Werks was able to promote all his motorcycle designs as well as the quality service that his business can offer. The company has recently moved on into distributing bulk number of products and Klock admitted that technology is the key for them to make another success in Mitchell.

Klock also added that with the help of technology, he is able to do whatever he needs from wherever he is.

It was only last month that Klock showed how many stacks of products are waiting to be shipped all over the globe from their motorcycle parts store. The company has the ability to airmail their products such as windshields and fenders to different parts of the world so they see no point into moving in another city such as Los Angeles and New York.

The Parthenon Has Gained A Modern Companion

After hosting the 2004 Summer Olympics, Athens has fallen on hard times and its economy is deteriorating. However, there is one saving grace amidst the ruins of the 3,400-year old city and that is the new 1.8 million square feet glass and grass multiplex that was built by Italian architect Renzo Piano. The Parthenon has a modern companion in the Stavros Niarchos Foundation Cultural Center that houses a theater, library, park and plaza.

The Stavros Niarchos Foundation Cultural Center was named after the late billionaire shipping tycoon whose foundation donated the $660 million project to Athens, Greece. The cultural center will be the new home of the National Library of Greece and the Greek National Opera. It also includes a public park, a reflection pool and the Agora Plaza where visitors can walk and mingle on the landscaped Deborah Nevis-designed pathways.

Piano who is a Pritzker Prize winner has transformed the colossal space by raising the foundation artificially. The panoramic sloped hill that extends upwards to 105 feet has literally formed the rooftop of the library and the opera house. The building was designed by Piano to gain optimum view from the surrounding districts through the combination of glass, wood and cement.  Floating staircases inside the hall makes a visitor feel like he is ascending to Mt. Olympus. The long soaring stairways are contrasted by the interminable exterior stairs that are adjacent to the reflection pool.

The National Library of Greece will house a vast collection of 5,000 manuscripts, documents, records and engravings that date back to the 9th century. The Greek National Opera will feature two auditoriums – a 450-seat for traditional operas and ballets and a larger 4,500-seat hall for unconventional performances.

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