Big gains, big risks in bitcoinsGuess what are the best- performing investments this year?.This group is created to be a gathering place for Singapore local bitcoin believers/hobbyist/miners/investors/traders/... basically anyone interested in bitcoin.We can discuss local specific issues such as how to run a mining rig in a HDB store room, tuning your rig for the 24/7 hot singapore weather, local BTC exchange etc. Ultimately we want to build a trusted bitcoin user base in Singapore and enjoy the benefits of using bitcoin without worrying about scams and cheaters.Log in with Facebook to find out By creating a Meetup account, you agree to the Terms of Service Recent Meetups April 25 · 7:00 PM Segregated Witness vs ASICBOOST 56 Bitcoiners | 5.001 Segregated Witness (SegWit), a bug fix for malleability, has also gained momentum as a solution for increasing the bitcoin networks bottleneck on transactions per second... Learn more March 20 · 6:00 PM Special Talk With Andreas Antonopoulos 188 Bitcoiners | 5.0010 | 3 Photos School of accountancy is the building right in front of Fort Canning, on the left of the National Art Gallery.

There's a Swissbake right at the lobby.March 20th, we'll... Learn more February 8 · 7:00 PM Bitcoin Singapore: COMIT - the Internet of Transactions 105 Bitcoiners | 3.001 Since the creation of Bitcoin in 2009 we have seen a great push towards public and private blockchains.While Bitcoin remains the most used blockchain today, we see an... Learn more Oct 10, 2016 · 7:00 PM Bitfinex Hack-Using Alt Finance for the Recovery wth Simon Dixon:BnkToTheFuture 59 Bitcoiners | 2 Photos In August of this year, the bitcoin exchange Bitfinex reported a hack to its wallet.119k btc $60m was reportedly stolen.Bitfinex socialized the loss with a 36% haircut... Learn more Jul 13, 2016 · 7:00 PM BTC in SG Meetup - Digital Identity, can it save lives?57 Bitcoiners | 1 Photo Eric Alexander will be giving a presentation of how blockchain can be used to save lives, and what level of privacy we have to give up to make this work.

ex: Can we use... Learn more What's new More New Member Rachel Y. joined New Member Mukesh A. joined New Member Andrew C. joined New Member Max L. joined New Member Joshua C. joined New Member Vinay joined New Member Ravyn B. joined New Member Stuart C. joined New Member Thomas Y. joined New Member Ye Y. joinedbitcoin sdk phpThis event has passed.bitcoin viagraSee where we’re headed next on our world tour!litecoin machineThe Largest Bitcoin Event Worldwide Singapore’s First Major Cryptocurrency Conference & Expo Continuing the largest bitcoin event worldwide, Inside Bitcoins is headed to Singapore on January 29-30, 2015.reddit bitcoin litecoin

Join us at the Suntec Singapore Convention & Exhibition Centre for two days of conference sessions and exhibit hall access on January 29-30.acheter bitcoin en ligneDuring the two-day event, attendees will hear top thought leaders analyze the first digital, decentralized, peer-to-peer based global currency.kevin lee bitcoinSession topics will cover the implications of bitcoin, investing and startup strategies, current mining challenges, international compliance, mass adoption, and what lies ahead.one litecoin in usdWhether you’re new to cryptocurrency or you’re a bitcoin expert, register for Inside Bitcoins Singapore and see how this exciting protocol is spurring a global payment revolution.bitcoin etude

Steve Beauregard Tomas Forgac Founder, Coin of Sale Zennon Kapron Managing Director, Kapronasia Neal R. Blackburn Co-Founder, CloudMining.SG Session Topics Include Who Should Attend?bitcoin best payout methodAnyone with a vested interest in bitcoins and other virtual currencies, including: Developers Entrepreneurs Financial professionals Private equity, corporate, angel and venture capital investors Banks and financial institutions Brick-and-mortar merchants and online retailers Credit and loyalty solution providers Consultants Daily deal and group buying networks Data and payment processors Legal professionals Security solution providers Founders of early stage and emerging growth companies Bitcoin Foundation Member InsideBitcoins is a supporter of bitcoin’s ongoing technical development since July 9, 2014.

Bitcoin constantly appears in headlines and rocks the world.No doubt, Bitcoin is a good investment.I remember someone once estimated that Bitcoin could be worth more than $17,000 by 2025.Well, if you haven’t started in investing Bitcoin, don’t worry as it is still the beginning.Other than buying low and selling high, what other opportunities you can make money from Bitcoin?What about Bitcoin mining?If you are wondering if Bitcoin mining worth it in Singapore, read on and find out why you should opt for Bitcoin cloud mining instead.To start at the beginning, let’s look at why mining exists in the first place.Bitcoin mining is the process of verifying and adding transaction records to the public ledger (the blockchain).The public ledge is called the blockchain because it really consists of a chain of blocks.When you make a Bitcoin transaction of 1 BTC to someone, you would have to broadcast to the world that you are making this transaction.Now that everybody knows that you are sending 1 BTC, what is stopping you from sending that same 1 BTC to person A, B, C, and, others.

In order to mitigate that, this where mining comes in.Bitcoin mining is deliberately made to be difficult via the ‘proof of work‘, where a complex mathematical problem needs to be solved in order to add a block (which contains that transaction) into the blockchain.Only transactions that are added to the blockchain are considered final, that everybody can trust that you are not double spending your Bitcoin.As a consumer, all you should care about is that the deeper buried within the chain the block that contains your transaction, the harder it is for an adversary miner/spender to reverse that transaction.The process of adding a block in a blockchain is done by many computers, also known as miners.These miners solve the Cryptographic algorithm and in rewards gets the bitcoin so new bitcoins is created every at every block.Mining is a highly resource intensive process, hence miners will need to bulk up high computational devices (ie.graphics card, ASIC chip) and also the need to consume a vast amount of electricity to do the ‘proof of work’.

To compensate that, miners are rewarded with 25 Bitcoin (as of this writing) which becomes part of the new money creation process (towards reaching the 21 million Bitcoin total supply) for their effort and cost of verifying transactions.Only 21 million Bitcoin are going to be created and 16 million Bitcoin are created at the time of writing.12.5 Bitcoin are mined every time a new block is added and that number half at every four years i.e.around july 2020 only 6.25 bitcoin will be generated at every added new block.With the short supply if the demand increases(i.e.more people want to buy bitcoin) than it would simply increase the price of the Bitcoin.Bitcoin mining was totally worth it, not only in Singapore but around the globe.However, solo mining is not possible due to two main reasons – electricity and profitability.Mining requires many hardware tools which are very expensive.Along with the hardware, you also require cheap 24×7 electricity, high-speed Internet and other factors which are not possible in Singapore.

The household electricity tariff in Singapore is 0.21 cents (0.15 cents in USD) per kWh.Other than acquiring the large electricity to run the machines, large amount of heat is generated while running these servers.They have to be running 24 hours, hence you need to have airconditioning to keep them cool and running smooth.With the electricity tariff in most countries (particularly in Singapore), it will not allow you to make any profit from mining.Bitcoin mining is only truly profitable when the electricity is free (Like from the Chinese Government or your college).As time goes by, the business of Bitcoin mining experienced a fundamental shift between when GPUs / FPGAs were the norm and the rise of ASICs bitcoin mining hardware.These ASICs completely changed the game by increasing the efficiency of mining bitcoins by many orders of magnitude and completely destroyed the profitability of mining with a traditional computer.They are at least 100x better at mining bitcoin than even the best GPUs.

It hasn’t been profitable to mine bitcoin with GPUs since 2013.Mining bitcoin with a GPU is like trying mine gold with a spoon.In early 2013, Jeff Garzik received the first Bitcoin mining ASIC, produced by Avalon ASIC (Application Specific Integrated Circuits).At that time, he received 15 BTC after 20 hours of mining.Today, one would be lucky to get 0.0007 BTC per day with the same hash rate he had and the fact that it used over 600 watts of electricity power.CoinWarz offers a good mining profitability calculator, which automatically fills in the current BTC price, difficulty and block reward info.Enter specs and cost, as well as other information such as power cost and pool fees to find your profitability.Today, Bitcoin mining is extremely competitive and not worth investing.So Despite being profitable, I tend to stay away from mining because the initial investment is high.And it requires a large quantity of continuous electric supply (This is a large part of the investment).And it is a very competitive space.

Therefore, cloud mining is always a smart option for gaining Bitcoin steadily over time.A seemingly sophisticated way to allow people to jump on the Bitcoin mining bus without the need of costly expenses.With cloud mining, you can rent mining equipment from a company that will give you back the profits from your rented mining rigs.Cloud mining is a magical solution to solve your Bitcoin mining problems.No need to buy expensive hardware, find storage space, pay electricity bills or take care of cooling.All you need to do is “chip in” with a larger company on their mining expenses and in return, you will get a portion of the earnings.As you look around, you will notice that most of the cloud mining companies are complete high-yield investment programs that run on Ponzi scheme.Yes, they aim to steal.This is one of the reasons why this website was formed – to create public awareness and keep people’s hard-earned money from being stolen.When it comes to cloud mining, I only trust one company – Genesis Mining.

Cloud mining companies like Genesis Mining enables users to purchase mining capacity that of hardware in data centers, one of them is in Iceland.That means the rigs you rent consume very cheap electricity and are cooled efficiently.Genesis Mining is a well-established X11, Ethereum,and Bitcoin cloud mining provider and they have been in the cryptocurrency mining industry since 2013.No matter which package you choose, you are renting the latest technology, which guarantees profitability for as long as possible.When you deal with cloud mining you rent out GH/s or TH/s, which measure how much computing power you will be able to mine with.In order to see if a mining contract is worth your money, you basically need to calculate how much money you will make from the money you invest.Just like any other investment, you want to check your ROI.There is just one risk when it comes to cloud mining, we have no idea what the Bitcoin exchange rate will be in five months or a year from now, nor what the mining difficulty will be.

This is what makes cloud mining a bit risky.if Bitcoin booms again, we can cover our whole investment in just one month, but if it goes the other way around, you might lose your money.However, it is unlikely that Bitcoin is going to disappear because it is literally unstoppable.The notion of unstoppable computer systems should be familiar already.BitTorrent, the file-sharing protocol invented by Bram Cohen, has been around since 2001 and is still very much alive despite concerted, international, billion-dollar efforts to destroy it.The latest Star Wars movie can still, right now, be pulled through BitTorrent in minutes straight to your laptop.As you can see from the Bitcoin exchange graph that the value of Bitcoins was initially highly volatile during the first few years of its inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value on a daily basis.If you are worried that you missed the Bitcoin Boat—and if you can take a long-term view—then stop worrying.

The ‘right time’ to buy Bitcoin is whenever the cost is less than $10,000.I think there’s always a mental barrier with people getting involved with bitcoin, hence many think about but a year down the line the same question pops into their mind.Actually, Bitcoin appeared exactly at the time where it is needed the most.We are nearing the end of current financial world order.Countries engage in currency wars – and in this war, there are no winners, just losers.Central banks of most nations will probably print even more fiat currency and thus transfer wealth from poor to the reach (the global elites).This is only possible because the poor are trapped – they use the fiat currency as a store of value – and this will collapse.But with Bitcoin – anyone can escape this trap!Buying Bitcoin is a lot easier than buying and holding physical gold.And it is certainly a lot more liquid.No one knows how much Bitcoin will worth 1 year or 5 years down the road.What I can do is give you a simple chart on how the money scales as Bitcoin reaches new market caps.