D-Central's Articles

Our articles talk about Bitcoin from top to bottom. We explore all general concepts and more specific concepts related to Bitcoin mining.

Is Bitcoin Taxable in Canada?

During the past few years, there have been several major changes that have taken place in the financial world and one of the biggest has been the development of cryptocurrency. Also called digital currency, this has been led by Bitcoin. What makes Bitcoin unique is that this currency operates using

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GPU Mining vs. ASIC Mining — What’s the Difference?

The word ‘mining‘ took a completely different meaning when Bitcoin entered the scene about 11 years ago. Since then, cryptocurrencies have gained and established their space in the market. With technological advancements and continuous research on bitcoin mining, the industry has a promising future. Whether you are a seasoned crypto

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How do Bitcoin Mining Fees Work?

Bitcoin miners provide the critical service of network security. The more power that is added to a network, the more difficult it is to attack. A large hash rate provides the security of the Bitcoin network. The hash rate is the speed at which your mining hardware can process data

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Integrating Bitcoin Mining to the Rest of the Power Grid

The world of Bitcoin is a complicated place. It is also growing in popularity. Therefore, Bitcoin finds itself in the spotlight more than it has in the past, with numerous people seeking to understand just how Bitcoin works, how they can make money using it, and why it has become so popular. Bitcoin even

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Common cryptocurrency scams

One fact: That cryptocurrency scams are on the rise. Yes, since the launch of the first digital coin a few years ago, the journey has not been without controversies. For instance, you may have heard people talk about scammers who steal millions of dollars from unsuspecting investors, both online and

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Can Bitcoin Miners force Invalid Blocks?

When it comes to Bitcoin, there is a lot that people still don’t know how it works. On the surface, Bitcoin can look like a chain of time-stamped blocks; however, it is much more than that. Everyone needs to understand how Bitcoin is a network because it will make the

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Bitcoin Mining – Is it a waste of electricity?

Bitcoin uses a significant amount of energy to conduct mining. In fact, the amount of energy consumed for electricity is similar to all that the nation of Denmark uses. The question has become, is it a waste of electricity? Bitcoin uses energy that directly converts to money. Can any other

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Bitcoin VS VISA Electricity Consumption Fallacy

Those new to Bitcoin and mining Bitcoin may not realize how controversial energy consumption is within the financial community. Many media have falsely compared the amount of electricity needed to process a single VISA credit card transaction to Bitcoin transactions. The reasoning behind this is that every industry should do

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What is hodling?

Hodling is a  buy and hold strategy that is most useful in the context of cryptocurrency. HODL is simply a misspelling of the term hold, also a term that is very popular in the world of bitcoin and crypto. So, where did HODL come from? The Origin of HODL The term

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What is Hashing?

So you heard the term hashing, but unless you have a background in computer science, you probably aren’t quite sure what that means. Let’s take a look at hashing in terms of cooking. When we hash something for example, like hash browns, we are chopping up potatoes and mixing them

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