Rewards in Bitcoin Were Hidden in the Computer Game No Man’s Sky

bitcoins were hidden in the game

The famous cryptocurrency expert and advisor Jon Creasy started a so-called bounty in one of the popular games. He got inspired to do this by a Twitter post with a poll.

A quarter of people believed cryptocurrency should be implemented in the gaming industry.

The choice of Creasy fell on No Man’s Sky, since this game has an enormous number of maps and potential inconspicuous places to hide a reward.

The official announcement claims that you can get Bitcoins in this way:

Currently, we have 0.004 BTC hidden on two planets in the Endanko System, just waiting to be discovered. If you find the corresponding Communications Stations, the Bitcoin is yours!

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BitPay Transactions Surpasses $1B in 2018, B2B Payments Records 225% Increase

BitPay is a US-based bitcoin payment provider which has recently announced its financial results of the past year. The company has processed over $1 billion in transactions alone. Moreover, its B2B payments record 225% increase in compare to 2017.

The main reason of such a lift-off is that Bitpay added a lot of new clients, like Dish Networks, HackerOne, and the State of Ohio, as well as many other law firms, data center providers, and IT vendors.

The CEO of BitPay, Stephen Pair, commented on this development:

“BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for the second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”

BitPay mostly supports Bitcoin transactions, however, it also supports payments with Bitcoin Cash, Gemini, and Paxos. During that year a lot of companies had to lay off their employees due to the market situation, yet, Bitpay conversely increased its manpower by 78 percent in the past year.

In addition, BitPay is attractive to the investors, in 2018, it raised $40 million in Series B funding round taking the total raised capital to $70 million.

We remind you

Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

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A Video Gamer Received a 20-Bitcoin Donation on Twitch

A video game player under the nickname Sick Nerd received a donation from an anonym in the amount of 20 Bitcoins when playing the game RuneScape and streaming it on the platform Twitch.

Sick Nerd mentioned this on his Twitter:

At first, the streamer received only 4 BTC. He didn’t take it seriously right away, but kept receiving new donations in cryptocurrency. Overall, Sick Nerd became richer by over 20 BTC during his streaming session.

This is the largest crypto donation sent to a video game player ever, and, of course, the largest donation ever received by Sick Nerd (more than 70 thousand dollars).

Cryptocurrency keeps making its way into every sphere of human activity, and video games are no exception. We remind you:

Cryptocurrency Games: Bitcoin Game Review

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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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The Dark Overlord Threatens To Reveal The Truth of 9/11 Attacks Unless Ransom in Bitcoin is Paid

The Dark Overlord, a hacking group, famous for posting unreleased episode of TV series “Orange is the New Black” in April 2017, decided to resume its blackmailing, however, this time it is not just an entertainment company Netflix, but insurance companies which possess information about 9/11 attacks.

The hackers claimed that they had hacked several insurance firms, like Hiscox Syndicates Ltd, Lloyds of London, and Silverstein Properties. These companies insured World Trade Centers in New York. It is still unclear what kind of information was stolen, but the culprits are trying to capitalize on conspiracy theories around the 9/11 attacks.

We’ll be providing many answers about 9.11 conspiracies through our 18.000 secret documents leak from @HiscoxComms and others #thedarkoverlord #911hacked#hacking #leak #cybercrime
            — thedarkoverlord (@tdo_h4ck3rs) December 31, 2018

One of the companies confirmed that the hackers had breached and stolen a few files related to the the September 11 attacks. The spokesman of the Hiscox Group wrote in email:

“The law firm’s systems are not connected to Hiscox’s IT infrastructure and Hiscox’s own systems were unaffected by this incident. One of the cases the law firm handled for Hiscox and other insurers related to litigation arising from the events of 9/11, and we believe that information relating to this was stolen during that breach.”

The hacking group sent a set of emails to that firms where it stated that the companies had to pay ransom in Bitcoin or The Dark Overlord unlocked different sets of files and the hidden truth of 9/11 attacks would be exposed.

They also mentioned that they offered to sell the information on the famous dark web hacker forum KickAss, as well as invited several Chinese and Russian terrorist groups to make purchase.

We remind you

Crypto Will Hardly Ever Sponsor Terrorist Attacks Like 9/11

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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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