After becoming the first online commodities exchange for Bitcoin mining hashing power, CEX.IO has now taken their level of innovation to the next level with futures contracts on the delivery of cloud mining equipment. FHA and FHM are the two futures contracts available for mining equipment right now, and the contracts will convert into GHS once they are executed. This is basically a way for traders to bet on the future price of hashing power on the Ghash.IO Bitcoin mining pool.
Bitcoin has been a focal point of much controversy in the past year. Despite enormous price fluctuations and companies like Mt. Gox being shut down, Bitcoin is becoming more popular than ever. An increasing number of customers is choosing mobile as their platform of choice for doing business. Bitcoin industry is not an exception.
Since 2012, Apple has dropped three popular Bitcoin wallets apps, starting with BitPak and Coinbase. Earlier this year, Blockchain.info app, last and most popular of all Bitcoin wallets for iPhone has been dropped from the app store due to the “unresolved issue”.
While there isn’t one secret tip to successful trading that will allow you to become a millionaire overnight, there are definitely a few general rules that should be followed before you start trading any kind of asset with real money. Instead of looking for one important note to follow when trading for the first time, it’s important to pull together a group of separate guidelines as a solid base for your future trades. Let’s take a look at some of the main rules that you should follow before you end up making a huge mistake.
Although most of the world still prefers fiat currency over all over forms of money, cryptocurrency and other types of virtual currencies are definitely starting to bring some real competition to the table. Governments have always liked the idea of controlling the money supply, but these new forms of money are trying to take that kind of power out of the hands of centralized institutions. Let’s take a look at the advantages and disadvantages of the three most popular forms of money right now.
Anyone who’s interested in mining cryptocurrencies understands that this is a market that can change rather quickly. While a certain amount of hashing power may be useful today, it doesn’t take long for the network difficulty to increase when new miners are being released on a monthly basis. To keep up with the rest of the competition in the cryptocurrency space, miners need to make sure they have all of the latest mining hardware. Let’s take a look at some of the most recent trends in the cryptocurrency mining industry.
Before you start trading on any market, you need to make sure you understand some of the basics of reading the charts and understanding where the market is headed. The graphs on the homepage of CEX.IO look rather confusing to some, but the reality is these graphs are easy to understand once you get a few basic definitions and pointers. Let’s take a look at some of the key elements of trading charts that you need to understand before you’ll be able to comprehend the trading graphs on CEX.IO.
The latest trend in the altcoin market is the idea of a cryptocurrency created for a specific country. Auroracoin was the first altcoin to enter this space, but we also have Mazacoin and Spaincoin to look at now. Many people are excited about the prospect of these cryptocurrencies becoming more widely used in specific parts of the world, but do these “domestic cryptocurrencies” hold any promise over the long term?
The Distribution Process
The main way that these country coins are getting attention is through their premining methods and distribution process.
The original futures markets originated in North America over 150 years ago, and the origins of this particular type of contract can only be described as practical. As the American agricultural industry was booming, farmers were increasingly trying to find the best price when they brought their crops to market. They would often meet in centralized hubs of commerce, such as Chicago, to get the best prices for their crops. Those buyers would then ship the crops to many different locations around the country.
If you’ve been paying attention to the history of cryptocurrency mining over the past few years, then you’ve probably noticed that mining bitcoins is not as easy as it used to be. While Satoshi and other early Bitcoin adopters were able to mine bitcoins with simple laptops, the competition in this market has increased rather dramatically over time. At first, new scripts were created to make mining with GPUs possible, and now we’re at the point where you need to purchase thousands of dollars worth of ASIC hardware if you want to have any chance of mining bitcoins in the near future.
CEX.IO Bitcoin Commodity Exchange in the person of Jeffrey Smith, CIO, was interviewed by the Polish news portal bitcoin.pl. The interview covers up-to-date issues connected with CEX.IO, cryptocurrencies and the Bitcoin community.
– Please introduce yourself, what is your name and occupation within CEX.IO?
Hi! My name is Jeffrey Smith, I am the Chief Information Officer of CEX.IO LTD.
– Before I ask you about services, tell us please, how it’s all started and when you have learned about bitcoin?