Bitcoin and Co - is it worth it?

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. On 1 August 2017 bitcoin split into two derivative digital currencies, the classic bitcoin (BTC) and the Bitcoin Cash (BCH). (from Wiki)

click chart for current value.

Different ways to mine Bitcoin

  • GPU/CPU mining rigs
  • Cloud mining

 GPU/CPU mining

  • Requires multiple GPU’s to mine efficiently
  • High investment in Hardware
  • Big power cost
  • Slow speed

Cloud mining

There are currently 2 big could mining businesses available which are in the market for years. They have multiple data centers in Iceland and other countries where they house the mining equipment.

On both you can mine multiple currencies.

Hashflare and Genesis


Currencies available to mine:

  • Bitcoin SHA-256
  • Litecoin Scrypt
  • Ethereum ETHASH
  • Dash X11

Prices start at USD $2.40 for bitcoin

Click here for current pricing and availability


Currencies available to mine:

  • Bitcoin
  • Dash
  • Ethereum
  • Litecoin
  • Monero
  • Zcash

Click here for current pricing and availability

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IT Business Services Ltd. is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.

IT Business Services Ltd. is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by the use of the services in this offer.

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