About Bitcoin: Is it a Safe Investment or a Risky Gamble?

Bitcoin is becoming more and more popular each day. Because of this, it is important to know more about this booming cryptocurrency. In this article, we’re going to talk about bitcoin and cryptocurrency news. 

Ultimately, we’ll find out whether this cryptocurrency could be a safe investment or a risky gamble for good.

How Bitcoin Began

Bitcoin was established in 2009. This cryptocurrency is a digital currency that has no central bank or regulatory authority. Coins in bitcoin do not come in a tangible form. 

They are made through computers and are stored on the Cloud or in a digital wallet. Furthermore, users can exchange and use them in transactions.

The Growing Interest in Bitcoin

Seemingly, cryptocurrencies can be seen anywhere, and one of the most popular digital currencies is bitcoin. 

In fact, according to Lex Deak, the Chief Executive of Off3r, they are getting more and more enquiries about investing opportunities in the field of digital currency. 

Apparently, most of the questions come from late adopters and mainstream brokers.

Moreover, Quickbitcoin’s founder Guy Halford-Thompson expects mainstream investors to heavily start shelling out money for cryptocurrency investments a few years from now. 




While a lot of people grow interest in cryptocurrency, others grow wary because of its volatility. Deak speaks about this, explaining that bitcoin and other cryptocurrencies are an exciting investment especially for experienced investors with balanced portfolios and small exposures. 

The Off3r Chief Executive emphasized that investors must consider how cryptocurrency works before making any investment.

Is It Safe?

You might have heard issues regarding cryptocurrency. One of the most shocking cases in the history of cryptocurrency is 2016’s Bitfinex theft case. 

Nearly 120,000 bitcoins worth more or less $78 million were stolen from Bitfinex, a popular cryptocurrency exchange. This resulted in a drop of 20% in the value of the cryptocurrency at the time.

While it’s true that there can be more cases like this in the future, it’s not fair to define bitcoin as unsafe. That’s because bitcoin is only as safe as online banks. 

Just like in online banking, it’s important for people to take good care of their bitcoin account credentials. After all, bitcoin users are responsible of their accounts.

Obi Nwosu of Coinfloor suggests users to secure their accounts with third-party companies. More importantly, it’s important to keep your account credentials offline. This way, there could be no way to hack your account.

Is It a Gamble?

According to Dave Birch, an electronic expert, one shouldn’t invest in but gamble on bitcoin. 

From this speculation, it’s safe to consider bitcoin as a gamble, but it’s a safe gamble. However, experts would suggest investors to invest only as much as what they are prepared to lose.

Final Thoughts

Bitcoin is booming for a reason, and one of the reasons is the fact that more and more people have experienced success in this industry. If you want to have a taste of the same success, you can always invest in bitcoin.

What is Bitcoin Mining and How to Mine Bitcoin at Home

Before you begin mining Bitcoin, it's helpful to know what Bitcoin mining actually implies. Bitcoin mining is legitimate and is achieved by running SHA256 double round hash verification processes so as to confirm Bitcoin transactions and supply the required security for the public ledger of the Bitcoin network. 

The rate at which you mine Bitcoins is gauged in hashes per second. It sounds complicated because it is. The backbone of crypto currency is the blockchain. The blockchain requires this computational power to operate. 

The Bitcoin network pays Bitcoin miners for their work by releasing bitcoin to those who provide the required computational power. 

This comes in the form of both freshly given bitcoins and from the transaction fees incorporated in the transactions validated when mining bitcoins. The more computer power you provide then the higher your share of the compensation.

How To Start Bitcoin Mining

To start mining bitcoins, you'll have to get hold of bitcoin mining hardware. In the initial days of bitcoin, it was feasible to mine with your computer CPU or high speed video processor card. Today it's much harder but not impossible. 

You can purchase Customized Bitcoin ASIC chips that provide functionality as much as 100x the ability of older systems to get in the Bitcoin mining business.





Bitcoin mining with anything less will require more in electrical power than you are likely to make. But there is more to it.

It's necessary to mine bitcoins with the very best bitcoin mining hardware developed particularly for that function. A number of business's provide outstanding software created exclusively for bitcoin mining.

Bitcoin Mining Hardware Comparison

Presently, based upon (1) price per hash and (2) electrical efficiency the very best Bitcoin miner choices are:

These Bitcoin mining computers are very expensive but they do deliver very good results. But what if you wanted to try your hand at Bitcoin mining for little or no money. What options do you have? 

Your first option is to use your home desktop computer. Though very under powered it will still mine Bitcoin and will let you learn as it mines. Check to see if your computer has a graphics card. It is important and beneficial because graphic cards are where mining software resides. If you have no graphics card you can still mine using the CPU of your computer. But your real horsepower comes from the graphics card. 

If you don't have a graphics card consider adding one and if you have an older, slower one consider upgrading to the fastest you can afford.

Download Free Bitcoin Mining Software

As soon as you've gotten your bitcoin mining hardware, you'll want to download a specific program employed for Bitcoin mining. There are numerous programs out there that can be employed for Bitcoin mining, however the two most popular are CGminer and BFGminer which are command line programs. They are great for high end machines with multiple graphics cards.

If you want the ease of use that features a GUI, you may wish to try EasyMiner which is a click and go windows/Linux/Android program.

Start Mining with MinerGate 

If you are new to cryptocurrency, and wanting to get a taste of mining without getting involved in the nuts and bolts of mining-- Minergate's GUI consule is the greatest method for you. It is without a doubt the simplest way to get started with mining-- quickly downloaded and installed, fast setup and easy UI. 

When set up, you are on your way with the click of a button-- it's so simple that your grandmother can get it up and working in a couple of minutes.



In case you aren't acquainted with the procedure of mining (method of producing bitcoin and other cryptocurrencies) and wish to get a fast introduction to bitcoin, mining and cryptocurrencies generally, feel free to check out the FAQ and Blog on MinerGate for more info.

While the more recognized cryptocurrencies need miners to invest $1,000 s into computing/specialised hardware, mining altcoins is still achievable and possibly lucrative if you missed out on the early arms race. Get your feet wet in Bitcoin mining with MinerGate

With that stated, let's have a look at if MinerGate is for you and the best ways to start.

What is Minergate

Minergate offers a software application that enables you to mine a range of cryptocurrencies as a part of a pool. Miners connect their hardware to the pool to jointly mine the coin or coins of their choice.

What you need to mine

You can start with a CPU or GPU, minergate software and a stable connection to the web.

Hardware

You can get an acceptable taste of mining even with 3-4yr old devices-- any older and the returns can be low enough to demoralize you prematurely. 

One of my rigs with an AMD FX-8300 CPU and MSI R9280x GPU is committed to Minergate and accruing altcoins.

It goes without saying, the most up to date GPU's would provide you a greater day-to-day return.

CPU: Intel has a certain edge here over its AMD counterparts

GPU: While AMD had the advantage in the early years, Nvidia has indeed caught up in modern times.

Make certain to do your homework before you start. Mining will put added strain on your hardware and possibly lessen its life

Software

Minergate makes it simple to download and set up the software which you can download from their site. The software is presently offered across Windows, Mac, Ubuntu and Fedora.

Web

If you reside in the developing area of the world, quality web access can be a concern. Nevertheless, mining does not need superfast connection speeds or limitless data-- a standard, yet stable connection that enables consistent connection is enough.

Getting started

To begin with, you will need to sign up on MinerGate’s website

Step 1

Go to MinerGate’s website and sign up.

Step 2

Download the GUI Miner.

Step 3

Open the MinerGate application. You will be prompted to sign in – use the credentials you used in Step 1 earlier.

Step 4

Once you are signed in you will land on the smart mining tab within the application. Click on the “Start smart mining button” and you are on your way – no command lines, no GPU settings required– as easy as that.

The smart mining feature within the GUI miner automatically chooses which coin is mined based on current difficulty and exchange rates of the coins. 

In theory, this allows you to mine the most profitable coin at the moment - however, due to constant variation in pricing and changes in difficulty, you should research which coin to mine.

Who is MinerGate for

MinerGate is easily my first recommendation to anyone looking to get their hands dirty and experience mining for the first time.

It won’t satisfy the purists or the tinkerers, but it is a great way to get started. For those of you who want to play around with the setting and optimize your output/hardware performance, you can take a look at the Console miner MinerGate (and others) provide – more on that in another post.

MinerGate Pros

• Easy to Setup
• Requires basic ability to operate a computer
• Can mine multiple coins simultaneosly

Minergate Cons

• Cannot tweak the hardware settings
• Limited number of mineable coins

Hope this help smoothen your entry into mining and building your very own crypto fortune :).  Check out MinerGate today by clicking here.

4 Ways Your Family Can Save Cash on a Bathroom Remodel

A bathroom remodel can be a great home improvement project that will add beauty and value to any home. People might be daunted by the average cost of such a remodel, which can be around $10,000 for a mid-size bathroom. 

However, the cost can be brought down by the homeowner choosing less expensive options when possible and doing some or all of the work. 

There are many tutorial videos online and at home improvement stores that demonstrate just how to remodel a bathroom.

Demolition Time

This one can be a lot of fun. Many of the tasks involved in a bathroom remodel can be undertaken by the homeowner, even if they have had no experience with a previous similar project. 

Before the new fixtures, flooring and wall coverings can be installed, the old items and walls will need to be removed. With the right tools, anyone can tackle this job, but they will need to be careful about the wiring and plumbing.

Installation Options

After the demolition, some type of wallboards may need to be placed, with cuts for the outlets. The counters can be installed, along with the sinks and faucets. 

The shower or tub installation will be the most difficult part, but there are demonstration videos available. If this task is deemed too difficult, it can be hired out. Tiling and painting can be done fairly easily with the proper equipment.

Tile or Paint

There are many varieties of tile available for tiling the bathroom. Tile has a wide range of prices, but the more expensive tiles can be used as accents and the cheaper tiles for the main placements. 

Sometimes stores will have discontinued stock at lower prices. Also, the tile does not have to be used for the entire bathroom area. Tile can be placed solely around the shower/tub and floor, or if it is used in the vanity area on the walls, it can be used as an accent for just part of the wall. 

Paint can be used for the untiled areas and it is much cheaper than tile.

Find Sales on Materials

Many times people can save money on renovation supplies by opening a store card at the home construction store and placing their purchases on the card. The store will often offer this option as an additional percent off their storewide sale at the time. 

If the bathroom remodel is not pressing, homeowners can wait until the right sale comes along. Besides the chain stores, there may be discount construction stores in the local area, such as a Habitat for Humanity store. These discount stores can be a good source for materials.

A bathroom remodel can be a fun project that does not have to cost an astronomical amount. Homeowners can keep costs down by doing many of the tasks themselves, choosing cheaper options and researching local sales and discount stores. 

Having friends and family help can also be a good way to get the job done in a timely manner and strengthen relationships, as well.

3 Ways to Make the Most of Your Insurance without a Major Accident

Many drivers will unfortunately be involved in a couple of major accidents at various points throughout their lives, but these incidents may be spread out across many years or even decades in some cases. 

During this time in between major car accidents, you may pay your auto insurance premium regularly without getting substantial benefit from it. The reality is that you do not need to be involved in a major accident to take advantage of some of your coverage benefits. 

In fact, these are some of the car insurance perks that you may have access to and that you may not be using when the opportunity arises.

Towing Service

Most people think about using towing service reimbursement through their auto insurance policy when they are in an accident and their car can no longer be driven. 



However, towing service may be available through some policies for other needs as well. For example, depending o the wording in your coverage, you may be able to use towing service if your car breaks down and is no longer able to be driven because of a serious repair issue. 

The availability of this coverage varies, so you should read the fine print in your policy.

Roadside Assistance

Many auto insurance policies include roadside assistance service as well. You may not think about turning to your auto insurance coverage when you need help changing a tire or when you need a jump for a dead battery. 

However, roadside assistance may be available to you around the clock in any location. More than that, it may be free of additional cost through your coverage, and it may be an easy solution to stressful situations that may be overlooked by many drivers.

Personal Property Coverage

Some drivers have paid for optional personal property coverage. This is coverage that reimburses you if items inside the vehicle are damaged or stolen. For example, if someone breaks into your car and steals your laptop and other expensive items, you can file a personal property insurance claim to be reimbursed for your loss. 

Some insurers like Crowel Agency, Inc. offer these coverages for home in addition to auto.

Getting reimbursed for expenses associated with a major car accident is one of the most common reasons why drivers file an auto insurance claim, but this is not the only reason to file a claim. 

Each insurance policy may have different types of coverage as well as varying limits, deductible amounts and more. By reviewing and understanding your coverage now, you can take advantage of its many benefits when the ability arises to do so.

5 Financial Facts to Know Concerning Divorce

It may seem crass or calculating to focus on the financial aspects when you are getting a divorce. However, it is necessary because money matters become complicated when two people are married. 

As a first in the process of untangling the financial issues, you should immediately begin to monitor expenses and gather financial documents like account statements, deeds, titles and tax returns. 

Your divorce lawyer and the judge in the divorce proceedings will need this information.

Your Financial Situation Will Change

Going into the divorce process, you are not likely to anticipate all of the financial changes that will occur. You may have to plan on paying the full cost of rent, health insurance, utilities and a host of other expenses that you now share or leave to your spouse. 


The best course is to avoid making big changes in your financial life that are not immediately necessary. Keep a tight rein on expenses, and try to accumulate a cash reserve.

Tax Implications

When property is divided up in a divorce, there are generally no tax implications. Alimony is another matter. The spouse who pays alimony can deduct it on his or her taxes. For the recipient, alimony is taxable income. 

If you are awarded alimony payments, you must report them each quarter by filing an estimated tax return with the IRS. A divorce attorney from a firm like Kelm & Reuter, P.A. might be able to help you with this as well.

Retirement Account Issues

In some cases, the only thing you need to do with IRAs, 401(k)s and other retirement accounts is change the beneficiary. 

However, a judge can order funds to be shifted to balance retirement savings between the spouses. In this situation, you should retain a qualified domestic relations officer to implement the court’s instructions.

The Financial Facts of Children and Divorce

Ultimately, the court decides issues of child custody and child support. However, you will strengthen your position on these issues if you provide complete records of current expenses related to caring for children. 

When assets like 529 college savings plans are an issue, you, your spouse and the court must decide who will administer fund accounts. It will also be necessary to determine which parent is entitled to claim children as dependents for tax purposes.

Estate Issues

Change in estate arrangements are necessary when a couple splits up. You should make a new will, and you may need to change the trustees and beneficiaries of life insurance policies and trusts. 

In addition, you should create a new living will and designate someone other than your spouse to hold your power of attorney.

Important Tips for Buying New Driver Auto Insurance with No Hassles

Car insurance costs for teenagers and new drivers are the arguably the highest. The eagerness of finally being able to drive is somewhat dampened by high premiums. 

Teenagers getting their driving license are excited to get behind the wheel. A state issued card is one way of gaining attention in their circle. A driving license is a great way to enjoy a little more freedom right away. 

On the other hand, parents are rightly concerned over car insurance for a new driver in the family. Adults and grownups are worried over their children’s or near and dear one’s safety.

Online Insurance Quotes

Online resources help with free online quotes when you shop for new driver auto insurance policies. It is apparent that newly licensed drivers do not have any experience especially teenagers. 

Auto insurance companies have to be on guard with new driver customers they are taking on board for the first time. Even when full care is taken to mitigate losses, a driver making claims due to any reason whatsoever is never far from possibilities. 

New drivers and under 25 drivers have to bear the brunt, so to speak, for a major portion of the pay-out’s by insurers. 





Auto insurance companies and car insurance carriers want to be on the safe side. They charge higher premiums because they anticipate the likelihood of new teenage and other drivers getting into more accidents within the first year. 

It is also important to note that new drivers are more likely to cause damage to others’ property. Looking for very cheap car insurance for new drivers may seem quite an impossible target and a difficult task. 

Driving without insurance is out of question. Lowering car insurance costs is of prime concern to those with limited financial budgets. Drivers who find driving around necessary as well as important need to fit their insurance premiums in their monthly budget.

Online Competitive Market

Online resources help consumers connect with multiple service providers through a single online application form. Online competitive market place is a great way to explore possibilities of buying cheapest new driver car insurance without much hassle. 

Online competitive rates help consumers win and fit their auto insurance policies costs into their monthly budget. Online resources make shopping around easier than ever before.

On the other hand, drivers can bring down car insurance costs with conscious efforts. After buying a policy and beginning to enjoy the newfound freedom of driving around it is time for ensuring affordable premiums. 

Keep up those good grades without letting your freedom dent them. Insurers view a high grade point average favourably. Let your teenage drivers have a vehicle much cheaper and easier to drive around as compared to your family car. 

This will bring down the risks of theft especially if they are going to visit less safe areas. This is a good time to develop good driving habits. Having telematics, insurance coverage means insurers will encourage new drivers to have a clean driving record. 

Get more use full information and competitive quotes within minutes from MonthToMonthCarsInsurance.