If you’ve been in the crypto world for more than a minute, chances are you’ve heard of shitcoiner stockholm syndrome. But what is it? And why do people fall head over heels for shitcoins? The Shitcoiner Stockholm Syndrome is a term used to describe the psychological phenomenon whereby an investor
There are some benefits to having a shitcoin listed on an exchange. First, it can help to increase the visibility of the coin and attract new users. Second, it can help to increase liquidity, as traders will be able to buy and sell the coin more easily. Finally, it can
It’s no secret that Litecoin’s mining profitability has fallen dramatically over the past two years. One likely phenomenon is that we’ve seen a significant loss of Litecoin against traditional currencies and Bitcoin. As a result, many mining facilities find themselves struggling with Scrypt mining equipment, unplugged, rather than mining Litecoin
Cryptocurrencies such as Bitcoin used to be primarily farmed through individual computers using CPUs, then moved to GPUs. CPU stands for Central Processing Unit, whereas a GPU stands for Graphics Processing Unit. With the success of mining cryptocurrencies, there was a need to scale-up the operations from individual computers to
When Mark Twain was on tour visiting London in 1897, an American newspaper mistakenly published his obituary. Twain responded to a reporter’s question about this by saying, “The reports of my death are greatly exaggerated.” Something similar could be said about the fear of lower Bitcoin prices and the halving
Cryptocurrency mining or bitcoin mining, to be precise, is quickly changing from a hobby for early miners to a game of survival-for-the-fittest. As more people gain interest in mining, the industry has become more popular, and that’s how the business has grown. However, it is a love-hate kind of reaction
While Bitcoin mining can get a bit high-tech, you do not have to go science fiction to succeed. Terms like colocation might make it sound like that though. In reality, it just provides a way for you to store your equipment offsite, so you do not have to hear noisy
Bitcoin has grown by leaps and bounds during the past few years. Bitcoin uses a decentralized, distributed network to operate. This means that there is no central power when it comes to Bitcoin. The entire process runs using its own set of rules. It is these rules that determine how
To become a successful cryptocurrency miner, you need to minimize running costs. Operating in cooler climates and areas with low utility costs are some of the practical ways to reduce the expenses. It comes as no surprise that many large-scale mining operations are active in regions with cooler climates and
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
