How to Get Coins Wisely? Review of the Pools for Mining

Overview of the pools for mining

Since the mining has become available on specialized equipment such as ASIC, large players, who launched coin production on an industrial scale, have entered the market. By this they raised the computational complexity of the networks of some cryptocurrencies to such values ​​that solo-mining became practically impossible. Nowadays, even large bitcoin-miners work in pools, because in order to guarantee the generation of a block, you need to have equipment for millions or tens of millions dollars. In this article, we will talk about the production of cryptocurrency through a pool, discuss specific services, and also touch upon what you need to pay attention to before choosing a similar service.

Content:
(please, click the topic to scroll down to it)

  1. What are pools and what are they used for in mining?
  2. How to choose a pool?
  3. Rating of the best pools for mining.
  4. Conclusion

1. What are pools and what are they used for in mining?

So, the pool is a server, on which the tasks are evenly distributed and the capacities of all its participants are combined. That’s why, the pool has great chances to find and form a block, after which the reward is distributed (evenly or by the amount of work done) between all the miners.

One of the most important principles for pools is not exceeding 51% of the total network capacity. Otherwise, the main idea of ​​cryptocurrencies (decentralization) can be forgotten. A similar case was in 2015 in the Ghash pool, when the organizers asked some of the participants to get out of the pool in order to avoid such a distribution of forces.

Unfortunately, almost all hash algorithms of popular coins are not protected from ASIC-miners, so the complexity of their networks is constantly growing. But along with them there are also young projects that you can extract yourself using a home computer or a medium-power video card. But now these coins do not represent a great value, they can be mined only in the hope that in the future they will grow in value. Most of the miners are focused on liquid coins, so the need for pools is difficult to overestimate.

2. How to choose a pool?

If you have firmly decided to link your life with the extraction of digital coins, then first of all you need to learn how to choose the right pools. So, what should you pay attention to:

  • Power of the pool. Recently launched services, as a rule, are not able to offer sufficient profitability. In order to filter out pools, it is necessary to analyze them: to study ratings, find statistics (for example on BTC.com), read reviews, etc.
  • Method of profit distribution. Often, rewards are distributed in direct proportion to the contribution made. If you have weak equipment, then the preferred option for you will be a uniform sharing of coins between all participants.
  • Methods of output. Before you start mining digital coins within a certain pool, you should clarify the possible options for outputting the mined one. They differ in different services: somewhere you can output converting to fiat directly to the card, and somewhere you can only use cryptowallet or make it through the exchange. Also pay attention to the commission of the pool itself, it can also be different.

3. Rating of the best pools for mining

At the moment there are a lot of different services, but within this material, we’ll talk only about some of the most reliable and profitable pools. So, let’s get down to it:

  • Miningrigrentals. This service appeared 4 years ago. Its distinctive feature is completely transparent statistics, which is available to everyone, as well as an insignificant commission. This pool is quite popular among English-speaking miners.
  • Minergate. The service has a fairly large total processing power. Through this pool, you can engage in the extraction of different coins, such as Dash, Ethereum, etc. The withdrawal is available through the exchange or directly to your wallet.
  • Zpool. This pool comes from the United States. You do not even need to register to work with it. The usability of the interface is absolutely understandable even for complete beginners.
  • BitClub Network. Previously, it was oriented more to bitcoin, but now it allows to extract also ether, ethereum classic, monero, etc. It has two tariff plans, for 1000 and 2000 days. For a four-year history, this pool has not caused any criticism among the miners.
  • BTC China. A very powerful pool that has about 12% of the capacity of the entire Bitcoin network. But since the interface completely lacks the Russian language, and English is only partially integrated, it is popular only in the Asian market.

4. Conclusion

In 2018, engaging in the production of popular coins on your own is practically impossible task. Even large miners use pools to unite their computing power. Above we brought the top pools for mining for this time. If you want to be in this field, we recommend to pay attention to the services listed above. But, in any case, before starting work, conduct an independent analysis of the pool, the instruction is also in this material.

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New Useful Gadget or Promotional Trick: What Is the WT2 Plus Earphone Translator?

A language barrier is the main cause of disagreements and the reason why people of different nationalities cannot fully communicate. But, besides, a language barrier complicates the lives of many travel lovers. Soon this problem will fall into oblivion, as its solution was suggested by Timekettle company in the form of a new gadget WT2 Plus. Now this device is presented at the International Consumer Electronics Show CES-2019 in Las Vegas.

What is WT2 Plus?

This is a wireless earphone translator, which will become an integral gadget when traveling to foreign countries. The novelty caused a huge interest and made many people wonder: “What is the price of WT2 Plus?”. You can breathe a sigh of relief, because the answer is already there! The cost of WT2 Plus is $ 219.

Source: http://www.timekettle.co/

How does WT2 Plus work?

The earphones support Android and iOS operating platforms. They connect with a mobile device via Bluetooth using the application that allows users to set a language. At the moment, the application supports 20 languages, but in the near future the developers will add another 15.

The feature of the application for WT2 Plus is recognition of various accents. For example, the application supports 5 accents of English, including Australian English.

Direct use of portable earphones occurs as follows: in order both interlocutors can talk and hear each other, each puts one earphone from the kit on. When talking, the earphones transmit the sound to the smartphone for translation and transferring the translation back to the earphones. The delay in processing and transferring sound takes only 3-5 seconds, depending on a sentence size.

Even though the manufacturer emphasized the possibility of real-time translation as its main advantage, in fact the device is capable of translating only short phrases, the duration of which do not exceed 15 seconds. For example, the gadget can not be used for continuous translation of a film in a foreign language.

Regardless of the headphones’ being wireless, they will not catch environing phrases and translate them due to the built-in “Touch” mode, which allows you to use WT2 Plus in crowded places.

The earphones themselves are stored in a pocket-case that resembles Apple’s AirPods case. The earphones are charged from the case. Each earphone has a 110 mA battery, and the case battery capacity is 320 mA. Full charge of the earphones takes 90 minutes. The case works for two weeks without recharging, it is enough for two recharges of each earphone.

The manufacturer plans to increase the accuracy of the WT2 Plus translation to 95%. The translation requires access to the Internet, since it is carried out through Google and Microsoft cloud servers.

Gadget Hits and Misses of 2018

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How to Get Bitcoin And How Profitable is Mining in 2019

Appearance of Bitcoin has marked the beginning of a new era in development and dissemination of money. 2018 became a crucial point for cryptocurrencies. In this article we will talk more about Bitcoin mining, find out what is needed and how to earn from it.

1. What is Bitcoin mining?

BTC mining is carried out with the help of specialized computer equipment, so-called Bitcoin farms. In order to open a new block, the miners resolve complex mathematical problems, for which the network rewards them with X number of coins.

Bitcoin algorithm is designed in such way, that every 210 thousand blocks the reward decreases exactly by twice. At the very beginning, miners received 50 coins for each new block, then this number was reduced to 25, and now this value is 12.5 BTC.

2. What are the ways to get Bitcoins?

Bitcoin is the most popular cryptocurrency in the world, many people would like to become its lucky owner. Here are some ways to do it:

– Bitcoin faucets. This is an absolutely free method to get coins. It lies in performing various simple tasks, such as decoding and entering captchas, clicks on advertising links, browsing advertisers` websites, etc. This work is absolutely simple, but it requires  patience. We want to remind you, that reward for such work is purely tokenistic and it is not possible to earn decent money from Bitcoin faucets.

– Mining. This method means investment into equipment. It can be completely different: you can organize home mining on graphics cards spending 2-3 thousand US dollars on it, or you can build a huge data center by investing hundreds of millions of US dollars into this enterprise. Thus the income should be directly proportional to the initial investment. Unfortunately, today cryptocurrency is so volatile that it is impossible to calculate how much profit Bitcoin mining will bring in 2019.

– Salary in crypto. Nowadays, the fact of getting salary in cryptocurrency is no longer supernatural. Yes, it is still uncommon, but it is far from single instance.

– Purchase. The most obvious way to get cryptocurrency is to purchase it. Nowadays, you can buy Bitcoin using a large number of services (exchanges, currency exchange offices, individuals, etc.).

3. What is needed in order to start BTC home mining ?

In general, this is rather a broad theme, but in this article we will only briefly run through the main points, without which home mining is impossible. So you need to:

  1. Buy equipment for mining (graphic cards or ASIC miners).
  2. Create a Bitcoin wallet. Without this it will be impossible to get coins.
  3. Select a mining pool. Nowadays the hash rate (total computing power of all the miners) of Bitcoin network is really huge, that is why the algorithm constantly increases its overall complexity. This is why it will be very difficult for one miner to open a new block even with sufficiently powerful equipment.
  4. Install a special software for mining.
  5. Follow the process and, if necessary, repair or replace the components.

You should also remember that mining equipment (especially ASIC-miners) make a noise and heat up while working, therefore installment of farms in a residential house is not a good idea.

4. What is cloud mining?

There is another way to start mining Bitcoins. This is a cloud mining. It does not involve physical contact of person with equipment. A user buys a certain amount of computing power at a large data center and immediately starts to get income from it. So, how is it better to mine Bitcoin, on your own or using cloud? Everyone will find his own answer. Definitely, profit of home mining will be higher, but cloud mining will ease your pain associated with farm maintenance. Someone is willing to pay for his or her comfort, but another one would prefer to do everything by independently, therefore, everyone decides on one’s own.

5. Which video adapters work best for Bitcoin mining?

Each particular video adapter has its own payback period, which directly depends on what is happening on the cryptocurrency market. 2019 has just started, so here is the list of the most cost-effective video adapters for BTC mining in 2018:

  • NVIDIA GTX 1080 TI.
  • NVIDIA GTX 1070 TI.
  • NVIDIA GTX 1070.
  • RADEON VEGA FRONTIER EDITION.
  • RADEON RX VEGA 56.
  • RADEON MINING RX 470.
  • NVIDIA P106-100 (GEFORCE GTX 1060).

6. How to calculate Bitcoin mining correctly?

Bitcoin rate is very volatile, network hash rate is also unstable, so, it is almost impossible to calculate exactly the mining profit. But there are convenient calculators which will help you to find out at least approximate numbers.

7. What does BTC rate depend on and what will happen next?

Bitcoin price varies in the trading range of USD 4000.00. Bitcoin emission is limited and it amounts to 21 million coins. Over 17 million ones have already been mined. But it is necessary to recall a double decrease in the remuneration for a found block, which occurs every 4 years. It is easy to calculate that over the next 30 years, more than 99% of all coins will be mined, and the remaining 1% will be mined over the next 100 years.

According to the laws of economics, this feature makes Bitcoin a very valuable and, most importantly, a limited resource. Now Bitcoin capitalization is about 70 billion US dollars, and it is absolutely a wasted number from the world scale perspective. Many market experts predict a great future for this coin, for example, John McAfee believes that 1 Bitcoin by December 2020 will be USD 1,000,000.00.

If to take a look at Bitcoin chart for the entire history, one can see approximately the same picture of what is happening: rapid growth, prolonged correction, stagnation after which the cycle repeats. Moreover, every time during the correction, the media “buries” Bitcoin, and the coin after some time again renews its previous records.

8. Conclusion

Bitcoin mining, as of the beginning of 2019, is not a very profit-making enterprise without major initial investment. Bitcoin mining should be considered more like an investment for the future, when BTC becomes a very scarce asset and its value can literally skyrocket. Well, we cannot do anything but wait and actively monitor the developments.

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GMO Will Keep On Mining Bitcoins at a Different Location

One of the world’s largest IT companies, Japan-based GMO has published its monthly report regarding its mining activities and the profits coming from them.

We remind you:

Japanese GMO Releases a Monthly Update: What Has Changed As For Mining?

Based on the December’s document, the revenue from mining cryptocurrency has dropped down  significantly which implies that immediate measures must be taken.

One of the biggest pitfalls of mining is the amount of electricity consumed and its high price. Thus, GMO made a decision to relocate its main mining center into a different area, where electricity will cost way less.

We will relocate the mining center to a region that will allow us to secure less expensive power supply,” reads the report.

Moreover, the company refuted all the rumors regarding its alleged plans of giving up mining completely. Since 2017, when GMO first engaged into mining, it has earned massive profits and still sees potential in crypto.

As we may see in the statistical data, the mining reward for Bitcoin increased a lot in the last month of December, whereas Bitcoin Cash suffered a hard fall. But the crash of the crypto market and Bitcoin in particular could not be controlled by GMO and affected its business quite badly, making it “move houses”.

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25 Celebrities Who Support Cryptocurrency

Cryptocurrency is a favourite of all news portals. It becomes the most discussed currency of the XXI century, everyone is interested in it, buys it, even celebrities make their own business with the help of it. Who? Let’s find out with The Coin Shark.

Ashton Kutcher

In 2010, American actor became the originator of A-Grade Investments company, which successfully invested money in the projects such as: Uber, Airbnb and BitPay.

Kutcher left a positive feedback about Bitcoin in Twitter:

Snoop Dogg

In 2013, Snoop Dogg’s albums were sold by 0.3 BTC. The exact number of albums sold is still unknown. But if he had sold the albums at the current rate of 3,5 thousand dollars, then the rapper might have earned about 1,05 thousand dollars per album.

Also, the rapper popped up on a XRP Community Night party.

Hugh Laurie

The actor became a hodler of the Bitcoins, amounting to 5,000 dollars, by his best friend’s advice.

Kim Kardashian

Matthew Roszak the founder of Bloq and various cryptocurrency projects, presented Bitcoin to an American star Kim Kardashian. He shared this news with his subscribers on Twitter:

A Bitcoin Was Gifted to Kim Kardashian

Mike Tyson

Famous actor contributed greatly to the cryptocurrencies development. In 2015, he launched the Bitcoin ATM system, after 6 months his team announced the launch of a mobile application for trading:

Donald Glover

In 2013, during an interview with “Time” the rapper expressed his admiration of Bitcoin.

I know a lot of people are skeptical, but I feel like if everything’s going to live online, why not bitcoins? Being backed by gold seems very old and nostalgic to me. Being backed to a bitcoin, which takes time to actually make and there’s this equation that has to be done, that feels realer to me and makes more sense.”

Bill Gates

Co-founder of Microsoft doesn’t hide his interest about Bitcoin.

Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”, said Gates during an interview.

However, later Bill Gates expressed his negative attitude towards cryptocurrency.

Elon Musk

Former CEO of Tesla, the chief executive and the chief engineer of SpaceX denies that he owns Bitcoin, except of those 0,25 BTC which is a gift from a friend.  You can find this on his Twitter:

Pitbull

Armando Christian Perez, a hip-hop artist, aka “Pitbull” said that in 2012 he started investing in Bitcoin. Today he is constantly tracking the rate of cryptocurrency, however he is no longer investing in it.

Jamie Foxx

A member of Stand-UP Comedy, an american actor and singer became interested in cryptocurrency back in 2017. He was promoting a Bitcoin exchange Cobinhood on his Twitter account.

Floyd Mayweather Jr. and DJ Khaled

Floyd, the undefeated American boxer, more than anyone else is engaged in various ICO advertising. In 2017 he became an ambassador of Stox cryptocurrency project, which specializes in the markets analysis. Boxing star was also engaged in advertising Hubii Network marketplace.

Floyd Mayweather Jr. is not the only one among celebrities who was advertising aforementioned Centra project. DJ Khaled joined the boxer.  In 2017, the producer was overwhelmed with comments under an Instagram photo, where he was posing with a Centra card. Unfortunately, later, it became known that the project was a scam.

Jessica VerSteeg and The Game

No one could imagine that the model can tie her career with innovations. However, in 2017, Jessica VerSteeg Miss-Iowa 2014 launched the ParagonCoin Bitcoin-platform. We note that the project is quite specific, since it was created for marijuana industry.

Jayceon Taylor, a hip-hop artist, more known as “The Game”, supported Jessica VerSteeg. He made a video about promoting the Paragon platform.

Mel B

A british singer and a former member of Spice Girls back in 2014, she was selling her christmas single for a Bitcoin. After partnership with a London cloud mining service CloudHashing, she became the first performer in history who was selling music for BTC.

Madonna,Lady Gaga,Jennifer Lopez,Kelly Joyce

Well-known singers, they were the first ones who accepted payment in BTC. The amount of fee depends on singer’s popularity. The advantages of such payment are that celebrities gain their net profit without taxes, which are not charged from cryptocurrency and fans do not overpay for the performance.

Madonna

This celebrity should  be pointed out of all four divas. In 2018, Madonna supported Ripple’s social action, during which they were collecting funds for the orphans from an African Republic of Malawi.

Ghostface Killah

In October,2017, Ghostface Killah a member of a hardcore hip hop band called Wu-Tang Clan, became a founder of Cream Capital company, which specializes in promotion and funding services for cryptocurrency startups. During the ICO the company earned $30 million.

The name of the company is identical to a Wu-Tang Clan hit – C.R.E.A.M. ( Cash Rules Everything Around Me ).

Richard Sherman

Richard Sherman, a player of the american football team “Seattle Seahawks”, have invested in several cryptocurrencies. Even his family cannot stop his bigotry.

Sherman managed to earn on the rate growth when it was at $20,000.

Later, Sherman cashed his Bitcoin and managed to earn while it cost $20 thousand per coin. Moreover,  he is a representative and an investor of Cobinhood crypto exchange.

Johnny Depp

In the fall of 2018, the actor became a partner with TaTaTu blockchain startup, which deals with film-making.

Infinitum Nihil Film Company, which belongs to Johnny Depp will produce documentaries and digital content according to the agreement with the crypto project.

Johnny has the ability to conceptualize material in a way that few can, and is unburdened of conventional industry formulas that dictate the projects that get made, traditionally, as we make strides to embrace disruptiveness, Johnny will be a key collaborator with us and we are tremendously excited to back his visions and instincts on stories to bring to life.”, said Andrea Iervolino the founder of TaTaTu.

Mark Cuban

An american entrepreneur, a billionaire had his own rule for investment in cryptocurrency, which he shared with the crypto community.  He is sure that any funds that don’t have the exact purpose should be invested in the digital currency.

Lionel Messi

In the winter of 2017, the legend of the Barcelona football club became an official global ambassador of Sirin Labs Israeli company, which is developing the world first crypto smartphone called Finney. Messi shared this news on his Instagram.

Sirin Labs advertising slogan is:


Let’s kick some goals together and bring Blockchain technology to the mass market.”

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What is STO and Why Is It Going to Replace ICO in a Near Future

During the last couple years the crowdfunding market began to develop rapidly. ICO or initial coin offering – is not only a very convenient way of raising capital for further project’s development, but also a very profitable investment tool. But there are many troubles on this market, which need a solution. In this article we will talk about a new type of crowdfunding on the cryptocurrency market (STO), find out how it differs from the ICO and what is its future.

1. The main problems of ICO

So as it was mentioned before, the ICO reputation suffered during 2017 – 2018 years. The sad statistics indicates that the vast majority of cryptocurrency startups that conducted public ICO, failed. There are many scammers on this market, whose activities are aimed only at personal enrichment. In 2018 general investments in ICO amounted to more than 18 billion dollars, and by the end of the year all projects brought only losses and frustration to their investors. Because of this, the regulators began to actively monitor start-ups that raise their capital through crowdfunding.

Users can purchase two types of digital assets in a process of participation during initial coin offering:

  • Payment Tokens. They can be used to pay for different goods and services, offered by a company- issuer.
  • Utility Tokens (or useful tokens). They allow using some specific services, offered by an issuing company.

It is very important to understand, that possession of the above mentioned types of assets does not provide an investor neither with influence on the destiny of the company (for example to participate in the voting of shareholders), nor with protection of his rights. The fact is that payment and utility tokens are not equal to securities or stocks.

2. What is STO?

It worth noting, that there is one more type of tokens – Security Token. This variant of assets is very similar to traditional stocks, to which everyone has already managed to get used on stock markets. The main feature of this type is that their owners, in fact, have the right of ownership of a certain share of a company. Such kind of investment is fully protected by regulators. It means that company’s failure to fulfill financial obligations to its investors will entail legal proceedings.

Many experts note, that STO will replace ICO on the crowdfunding market. The matter is the best features of ICO and IPO were united in this investment tool. STO got that level of security, which IPO has, and also the relative simplicity and accessibility that is inherent to ICO.

3. Who can work with STO

SEC has developed rules for investors who wish to participate in STO.

  • An investor must have net worth of $1 million. It is worth noting that this amount does not include the market value of the investor`s real estate in which he lives.
  • The investor should have net income of 200 thousand dollars a year. If we are talking about a married couple, their total annual income must be at least 300 thousand dollars a year.
  • If we talk about an organization, its net assets must be at least $5 million in order to participate in STO. Also, all members of the company must be accredited investors.

It worth noticing, that an investor does not have to comply with all the above mentioned points, one is enough.

4. Forecast for the future

It is early to talk about the future that expects for STO yet. The main indicator of success, which is worth paying attention to is the number of companies that do not work on the blockchain technology market, who wants to conduct an STO in the near future. This type of attracting investment should interest middle class companies, for which to conduct a classic IPO is too expensive. If this scenario becomes a reality, then it will be possible to assert with confidence that STO has a great future. It worth noticing, that this is not a fast process. It will take at least 1-2 years to set all the mechanisms and launch STO for a wide audience. It is quite possible with the right approach of investors and regulators. Now there is another obstacle on the way to massive implementation of STO – the general decline of the cryptocurrency market. The matter is that people`s interest to investments in blockchain is decreased at the moment. But the fall cannot last forever, that is why many experts still have optimism and believe in better future of both STO and the cryptocurrency industry.

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How To Spend Bitcoin in Real Life?

Bitcoin has had a pretty serious way to recognition of a wider audience in its not very long history. Everyone must have heard the story about two pizzas, which were bought on May 22, 2010 for 10000 BTC. By the way, that was the first official purchase, which was committed with Bitcoin. In these 8 years, a lot has changed. In this article we will tell you about where you can spend Bitcoin, and what can be purchased for it.

Contents:

  1. Real estate
  2. Cars
  3. Travelling
  4. Education
  5. Other goods and services
  6. Conclusion

1. Real estate

Nowadays it is possible to buy property for Bitcoin in many countries of the world.

  • A building company from the United Arab Emirates, Knox Group began accepting BTC as payment in 2017.
  • One of the largest real estate agencies in New York, Magnum Real Estate accepts Bitcoins from its customers. According to the company’s board of directors, their main goal is not to popularize cryptocurrencies, but to diversify their own assets.

It is worth noting that there are still not many companies on the real estate market that officially accept cryptocurrency as payment. It is connected with uncertain policies on the part of regulators. It is noteworthy that the opposite situation is observed among individuals – every day an increasing number of property owners are ready to sell their property for Bitcoin. Such deals attract people with their speed, reliability and minimal bureaucracy issues.

2. Cars

An increasing number of people are willing to receive payment in Bitcoins in the car industry. And we are talking not only about individuals, but also about large car dealerships. The first official car purchase with Bitcoins occurred in California in the dealer center of Lamborghini. After few weeks a similar deal happened at the Finnish auto show Auto-outlet Helsinki Oy. Elon Musk`s car brainchild also keeps up with current trends. There is an option to make an application on tesla.com, and then pay for an electric car with the help of Bitcoins without any problems.

The majority of all car dealers that accept payment for cryptocurrency are located in the Czech Republic. Of course, there are much more similar offers on the secondary car market than on the primary. And the reasons for this phenomenon here are absolutely the same as on the real estate market.

3. Travelling

Many people, who are interested in cryptocurrencies, have a question: “Where can I use Bitcoin in real life?” Travel agencies, airlines, hotels accept cryptocurrencies most often. The Lithuanian airline Air Lituanica has become a pioneer in this area. It started to accept BTC in 2014 and completely removed the commission in order to popularize such a payment method. The Latvian AirBaltic and the Polish airline LOT followed this example after a while.

Of course, most of the airlines that accept payments in BTC are located in the United States. There is an airline company GuestLogix in Canada, which offers to buy not only tickets, but also other additional services like Wi-Fi, food, drinks for BTC.

But the travelling market is not limited with transportations only; therefore, an increasing number of travel companies that offer a full range of services for BTC, began to appear in this industry.

4. Education

How to spend Bitcoins in educational field? Honestly, there are not so many educational institutions that are ready to accept BTC as a payment, but this list is constantly growing.

The first university, what began to accept cryptocurrency, was one of the largest educational institutions in Cyprus. After that two quiet large educational institutions: King’s College (USA) and University of Cumbria (Great Britain) joined to the digital economy. Just last year, one of the largest universities in Switzerland was added to this list.

5. Other goods and services

As part of this article, it is simply physically impossible to list all the goods and services that can be bought with cryptocurrency now. The matter is that retailers that accept Bitcoin exist probably in any field. Today it is possible to buy anything with Bitcoin: food, entertainment, household goods, hairdresser services etc. Certainly not all cafes or beauty salons accept Bitcoins, but this is not an obstacle. The matter is there are many intermediaries on the market, who are happy to conduct such deals. With the help of such services like gyft.com it is possible to obtain any goods from any seller for BTC, but it is worth noticing that such kind of deals are not always profitable for the buyer.

6. Conclusion

Nowadays Bitcoin is not considered a toy in the hands of a geek. With it, you can buy an apartment, a car, a smartphone, a laptop, a plane ticket, book a hotel room, pay for a dinner, a haircut, a manicure and much more. In 2018, the United States government officially began accepting Bitcoins as a tax payment (in some states).

All of this suggests that the digital economy is getting closer to widespread adoption every day.

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