QuoteColo Blog
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Is Bitcoin Mining Legal?
Posted by QuoteColo on August 29, 2018The quickest way to answer this is, yes, Bitcoin mining is legal. However, as is the case with many apparently simple answers, there is some necessary nuance to this response. Many countries say it is legal, and these include the United States, Canada, Brazil, Australia, and the countries in the European Union. It is important […]
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How Much Electricity Does Bitcoin Mining Use?
Posted by QuoteColo on August 26, 2018Mining Bitcoin has become a fulltime job for some people. For others, they are limited to doing it as a hobby of hiring others to mine for them. If it was relatively easy, everyone would be doing it and making loads of cash. And in reality, the process of mining Bitcoin is fairly straightforward: You […]
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How Many Bitcoins Exist Today?
Posted by QuoteColo on August 18, 2018Bitcoin, the red-hot cryptocurrency trend-maker, has climbed in value drastically over the last decade or so. So with Bitcoin mining operations opening up all over the world, how many Bitcoin have been mined thus far? The answer: 17 million. 17 Million Bitcoin Mined. What Does That Mean? There are only 21 million Bitcoin out there […]
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How Does a Bitcoin Miner Work?
Posted by QuoteColo on August 15, 2018Part of the hesitancy of some people to accept Bitcoin stems from the elusive answer to what should be a very simple question: Where do Bitcoins come from? Did someone just write a program—like an app that’s money? If so, how does one acquire this digital money? Further, how does it even have real value? […]
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How Did Bitcoin Start?
Posted by QuoteColo on August 06, 2018Simultaneously shrouded in intrigue and mystery, Bitcoin, as young as it is, is the thing of legends. As people all over the world try to use the cryptocurrency to earn money in ways that were never before possible, it has become an everyday part of pop culture and has made a legitimate impact on the […]