What is Hash Rate?

Hash Rate is the output of a hash function and, as it relates to Bitcoin, the Hash Rate is the speed at which a compute is completing an operation in the Bitcoin code. A higher hash rate is better when mining as it increases your opportunity of finding the next block and receiving the reward. Hash Rate, also Hash Power, is the measuring unit that measures how much power Bitcoin network is consuming to be continuously functional. By continuously functional I mean how much hash power is it consuming to generate/find blocks at the normal mean time of 10 minutes. Bitcoin network consumes a lot of energy because it has to solve mathematical intensive computations regularly to find the blocks. The

What Are "Whales" Doing In An ICO

First off you must understand what is an initial coin offering, or ICO. An ICO is an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. As of today there are currently over 900 cryptocurrencies that trade on a number of different exchanges. Think of an ICO in relation to a company that is about to do their IPO and they have a private placement. A private placement is a capital raising event that involves the sale of securities to a relatively small number of select investors. Investors involved in private placemen

Crypto 101

New to the Digital Currency World? No Problem. Here is our simple guide on how to turn your currency into Bitcoin as well as the options once Bitcoin is purchased. A cryptocurrency, aka a digital currency, is essentially a digital money that can be spent via the Internet. In more depth, cryptocurrencies are restricted entries into a database that are created using cryptography rather than people or banks. All of these entries are shared over a peer-to-peer network known as a blockchain. A blockchain is a public ledger of transactions, more simply put, a receipt of transactions that can be seen by the public. This public ledger works as a fraud prevention device, as it prevents digital curren

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Twitter Basic Square
  • Facebook Basic Square

Stay Connected

Copyright © MOJO Day Trading, LLC. 2012-2020.   All Rights Reserved.