Demystifying the blockchain with a bottle of wine
Elevate Group announce release of S11 and S15 Bitcoin mining contracts!
In this guide I will be explaining the blockchain technology behind Bitcoin and its component parts (blocks, chains transactions and nodes). Specifically I will be diving into how this technology enables transactions to take place and how they are recorded inside a public ledger. Mary buys a bottle of wine from John I am going […]
Is QE4 inevitable and why we should use Bitcoin instead?
Here is Crypto rich’s latest interview with CEO of the @elevategroup where they talk about the new S11 and S15 miners released, how mining works and the pricing. If you are excited and want to get hold of one of these S11 and S15 miners at Elevate click here. I’ve been mining with Elevate for […]
Venezuelan’s using Cryptocurrency to avert Crisis
Is more quantitative easing (QE) inevitable to save the “too big to fail corporations” that drive the US economy? These so called “zombie” companies that don’t have enough money to survive are haunting the stock market. Will the US repeat the banking bailout of 2008 to keep them alive and in the process inflate the […]
Buying Wine with Bitcoin at a farm in Chile
I recently caught up with the head of a “DASH Caracas”, Eugenia Sucre. DASH is a cryptocurrency like Bitcoin which is an alternative to money. We discuss how recent years of financial mismanagement and sanctions in Venezuela have only served to make life more difficult for the people. Now many of them are switching to […]
Why I moved Bitcoin Mining from Genesis to Elevate
I’ve just spent two lovely weeks volunteering on a natural wine farm in western Chile. The farm is located one hour away from the nearest ATM which means withdrawing cash takes some planning. This got me thinking how easy it would be for them to use Cryptocurrencies as well. The farm is called Mingaco and […]
My insane experience withdrawing cash overseas
Bitcoin Mining is a great way of being part of the cryptocurrency ecosystem so you can create your own Bitcoin. The best way to mine is to use one of the many mining farms like Genesis and Elevate. I started out mining with Genesis and have now moved to Elevate. I’d like to share why […]
Comparing Cryptocurrencies to Money
Here is my account of trying to withdraw cash in Argentina and how expensive the process was. I’d like to use this experience to demonstrate how much easier and cheaper it would have been if I was using cryptocurrencies instead. Everyone uses Cash in South America I’ve been travelling South America for 10 months making […]
Why businesses should accept cryptocurrencies?
In this guide I am going to make comparisons between the money we use today and cryptocurrencies. Traditionally we have only had one system for buying and selling called “money”. However over the last 10 years “cryptocurrencies” like Bitcoin have been used as an alternative form of payment. Lets dive deeper and see just how […]
Preparing your computer for Cryptocurrencies
In this guide I will be outlining how secure and easy Cryptocurrencies are to use and why you as a business should consider accepting them alongside money. I will be focusing on the Bitcoin cryptocurrency, however its benefits can be applied to others. What are Cryptocurrencies? Cryptocurrencies (“cryptos” for short) are an alternative to money […]
In this guide I will take you through why and how to prepare your computer before installing cryptocurrency wallets so that your funds remain safe and private. Some of these steps may seem extreme but at the end of the day with cryptocurrencies you are the bank and taking responsibility for your computer means protecting […]