BITI NEWS

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4 Bitcoin and cryptocurrency mining have provided a consistent and growing market for the computer hardware manufacturers that produce the relevant chips for each segment. The main player on the GPU side (in contrast to ASIC mining) in 2017 was Nvidia, but even it could not anticipate the strong demand from miners as the year progressed. Also Read: Nvidia Tries to Limit GPU Sales to Cryptocurrency Miners Mining Boosts Earnings Nvidia Corporation (NASDAQ: NVDA), the graphics processing unit (GPU) manufacturer, has reported a record revenue for the fourth quarter (which ended January 28, 2018) of $2.91 billion, up 34 percent from $2.17 billion a year earl

Senate Candidate Accepts Largest Contribution in BTC This week the Republican Senate candidate Austin Petersen announced he accepted the largest federal election campaign contribution settled in digital currency. Petersen, a former Libertarian, has received a total of 24 cryptocurrency donations this year, and the largest was for 0.284 BTC ($4,500 USD). The Largest Cryptocurrency Campaign Donation I think it goes without saying we’re going to see a lot more of this in terms of campaign contributions and campaign financing — Austin is personally a fan of competition in the marketplace, even when it comes to our currency — With the rise of cryptocurrencies like bitcoin, it was a no-brainer. Gold, Silver, Cryptocurrencies a

Bitcoin Exchanges Bitcoin can be swapped at any cryptocurrency exchange for traditional currencies like Dollars, Euros or Renminbi. There are two types of cryptocurrency exchanges, regular and peer-to-peer. Regular Bitcoin Exchanges These are marketplace platforms, owned by third parties (intermediaries). You deal only with the Platform; it executes your transaction in the open market and a service fee is payable. How do regular bitcoin exchanges work? register - credible platforms require personal, online verification. fund your Bitcoin wallet – transfer Bitcoin in, or link your fiat bank account and purchase Bitcoin. trade Bitcoin – enter a buy/sell order on the platform; it updates the exchange’s common ledger called the order book ; your order gets matched and your Bitcoin wallet adjusts automatically. A service fee is charged. What are the key benefits of working through a regular bitcoin exchange? goodwill – you can verify an exchange’s cre

What Is Neo? Ethereum introduced the world to the idea of Smart Contracts, which are blocks of code that are executed on the blockchain in a distributed manner. Smart Contracts are run on every Ethereum node and the results verified by the network, which makes it possible to execute code in a distributed and trustless manner. Anyone can join the Ethereum network and run a node, and participate in the validation of the Smart Contracts that get executed. NEO, like Ethereum, is a Smart Contract blockchain and platform, but it differs in goals and direction. NEO is more centralized than Ethereum in that it’s much harder to become a “Consensus” NEO node, which are the nodes that execute transactions and are able to collect fees. NEO brands itself as a “Smart Economy Ecosystem”, and like a true ecosystem, it’s important to understand how each of the parts fit together, and make the whole greater than just the sum of its parts. NEO vs GAS There are actually two types of t