Connect with us
Menu
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
  • Contact
CLOSE

Blockchain Archive

‘’Bitcoin Mining Is Life-Threatening’’ Scientists Say

Published

2 months ago

on

Bitcoin mining really does consume insane amounts of electricity. This is threatening our planet and it is reversing all the efforts made for decreasing down the greenhouse gas emissions.

The director of Centre for Law and Development at Qatar University, Dr. Jon Truby, says that bitcoin was designed without even considering the environmental impacts. He is fighting to find solutions that will prevent similar technologies such as this harmful one from showing up. Truby makes clear that cryptocurrencies, especially bitcoin are here to stay and can’t be erased from the face of the earth and this is why it’s important to adapt this new technology and the following ones that will likely emerge, to implement environmentally friendly designs and mechanisms.

It is likely that the problem will only get worse. If the price of bitcoin goes higher, miners will be motivated to mine more and thus other cryptocurrencies will show up with the similar models in order to earn money. This is why future models must work on a new design without relying on energy consumption. According to Dr. Truby, regulation is needed in order to prevent future developments on platforms such as this one and he also suggests that governments should fund, give grants or stimulate business to create cryptocurrencies or other blockchain projects that will be eco-friendly. Also, another idea is to tax bitcoin mining.

However, if regulation is not implemented globally, this will have a negative effect on people who are mining because the jurisdiction would be hostile to them so they will only do underground mining. Besides regulation, a regulation on the price of electricity or increasing it could also be a huge factor in determining whether miners should continue mining if it won’t pay off.

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Related Topics:

Stefan has been a Bitcoin Specialist for over 5 years. Providing daily news and updates for DC Forecasts.

Continue Reading
Comments
Advertisement

Blockchain Archive

Exchanges To Buy Bitcoin In Nigeria

If you have been following our bitcoin news, you are already familiar with how this goes. The next list will provide you with all the best exchanges to buy bitcoins in Nigeria. If you are new to the website, there are plenty of other exchange reviews sorted by countries so make sure you check them out.

  1. Ngexchanger

This is a Nigerian bitcoin exchange and possibly the most popular one in Nigeria. Here, you can buy and sell bitcoin but also other altcoins as well. The customer support is excellent and the website is extremely user-friendly. The company does not display all the cryptocurrencies they sell so you would have to contact them before a purchase.

  1. Nairaex

Nairaex is among the top 3 crypto exchanges in Nigeria from which you can buy Bitcoins. Here you can buy and sell other cryptocurrencies as well. The exchange only accepts minimum 20,000 NGN trade.

  1. Naira2USD

This exchange is now for its speed. A transaction usually takes less than 8 minutes and they offer 9 different cryptocurrencies including bitcoin. You can easily buy and sell bitcoin here and get around the website quickly.

  1. Instant Gold Nigeria

The exchange is working 11 years straight and it’s the first e-currency exchange that was opened in Nigeria. Today they are still working great and even opened a branch office in 2017. You can purchase bitcoins here as well as other 12 cryptocurrencies.

  1. BitkoinAfrica

This is a relatively new crypto exchange but it is considered a very strong alternative to Paxful and LocalBitcoins. They way it works is by creating a platform for buyers and sellers and allowing them to trade bitcoins right there on the platform. They also offer wallet services and 24 hours customer support.

  1. Changelly

With Changelly you can buy bitcoin for other cryptocurrencies such as Dogecoin or Litecoin. They operate in many countries around the world but you will need another cryptocurrency to buy bitcoin. Exchanges happen in seconds and the fees are really reasonable.

  1. Remitano

Remitano offers an online space for buyer and sellers to transfer bitcoins between themselves. There’s no need for ID verification and you can use pesos. But, only small purchases are available and there’s a lot of scam potential because of KYC policies.

  1. Luno

Luno is a great exchange platform that makes trading Bitcoin and Ethereum against fiat currencies possible. Luno allows bank transfers with very low fees of .25%. Also, what’s cool about it is that Luno has its own Android app which you can also find it on the Apple Store too so it’s easy to buy and trade for both iOS and Android users.

  1. Paxful

Paxful is a rather similar type of exchange such as LocalBitcoins. It works only with bitcoin and uses the same ad method as LocalBitcoins. The difference is that the sellers pay only a 1% fee. However, their customer support is really slow because of the high number of users.

  1. LocalBitcoins

It’s important to know that you can buy bitcoins via LocalBitcoins in person. It’s very popular in Nigeria as well. It’s private and very simple to use. Keep in mind that in-person trading can potentially be a scam and it’s also harder to buy larger amounts of bitcoins.

  1. Mycelium Local Trader

Mycelium helps you to find all the local bitcoin sellers in your area. There are no fees involved but the one major downside is that users in low populated areas will have a hard time finding sellers since you meet up in person to conduct the trade. It’s easy to use and cheap to buy bitcoin with cash.

  1. BTC-OTC

Bitcoin-OTC is a peer-to-peer exchange platform for Bitcoin. Users create ads in order to find sellers of bitcoin. It’s relatively hard to use but it is a good way to find bitcoin sellers. When using this platform, double check for scam ads and try to build trust with other users before trading large amounts.

  1. Coinbase

You already know that this is the most popular and transparent exchange. It’s probably the easiest way to buy them and also very fast. You can use your credit or debit card to buy bitcoins and you will be charged 3.99% fees for your purchase. Though the fee is somewhat high, you will get your coins in a matter of seconds. If you purchase them via bank transfer, the fees a lower but you will wait more than 3 days to complete the transfer. It’s most recommended for newcomers and has a high liquidity.

  1. VirWox

VirWox is also a great way to purchase bitcoins. Also, one of the few exchanges that offer you to buy bitcoins using PayPal. However, this isn’t a regular exchange. It’s an exchange for Second Life Lindens. The fees are high and reach up to 10 percent.

  1. Binance

Binance is one of the largest exchanges on the crypto market. The website is great and easy to use. There’s also a mobile app that supports your market orders. Fees are flat at 0.1% for trading but may go a little higher for high-volume traders.

  1. CEX.io

CEX.IO started as a cloud mining provider in the crypto space. Later their operations expanded in the exchange sector and abandoned cloud operations completely. You can purchase bitcoin via their website, mobile app and WebSocket API. They offer a rate of 3.5% and don’t have pesos available but they do accept USD and EUR.

  1. ICE³X

ICE³X is a highly secure exchange platform that will allow users to buy and sell Bitcoin. The great thing about it is that you can also buy and sell other cryptocurrencies such as Ethereum, Bitcoin cash, and Litecoin. Also, you can trade Ethereum for Bitcoin. This is a South African owned company and it’s one of the most popular there.

  1. Coinbase PRO

Coinbase PRO is one of the largest Bitcoin exchanges in the U.S but also very popular in Nigeria. Users can purchase bitcoin via bank transfer or bank wire. Coinbase PRO has decent prices and low fees but it can be a little difficult to use for beginners. You can buy bitcoins here for exactly 0 percent fees.

  1. Coinmama

On Coinmama, customers can purchase bitcoin with a credit or debit card. They charge a 6 percent fee for each purchase. No identity verification is needed when you purchase less than $150 worth of bitcoins. Coinmama has the highest limit for buying bitcoins while using a credit card. Take into consideration that this is among the exchanges with the highest fees.

  1. Poloniex

Poloniex offers a peer-to-peer lending feature that provides investors with an alternative to earn some extra money by lending money to other investors. The platform supports more than 60 altcoins.
`
Continue Reading

Blockchain Archive

Bit2C Review: A Top-Notch Israeli Crypto Exchange With Affordable Fees

Aside from the viral crypto news that we are posting every day, in this edition of the blockchain archive we are focusing on one crypto exchange that is making news and getting more and more popular lately - Bit2C. In a world full of crypto exchanges, Bit2C is proudly standing as one of the most dominant local exchanges - active in the Israeli market and offering crypto trading in several digital assets against the local fiat currency, ILS. When it comes to the general accessibility, most of the users on the exchange are required to verify their identity as well as connect their account to an Israeli Bank in order to use the platform. The main advantages of the exchange include:
  • Support of fiat (ILS) and local bank transfers
  • No fees on deposits
  • Extended security (keeping the coins in cold storage and the fiat money separately from the company's operating funds)
The only downside, which could soon be improved, is the fact that there are only a few altcoins listed such as Litecoin, Bitcoin Cash and Bitcoin Gold. However, there are more coins expected on the exchange. Also, there is no coin-to-coin trading. Regarding commissions, the fixed commission for Bitcoin is 0.001 BTC, for Bitcoin Cash it is 0.0001 BCH, for Bitcoin Gold it is 0.0001 BTG and for Litecoin it is 0.02 LTC accordingly. All in all, Bit2C gives the Israeli population a great chance to trade crypto. As an exchange that is developed in Hebrew, it is an entry-level domestic service which offers crypto trading in most of the altcoins against Israeli shekels - and one that works with local bank transfers.
`
Continue Reading

Blockchain Archive

Exchanges To Buy Bitcoin In South Korea

Here at DC Forecasts, as one of the leading crypto news sites in the field are always motivated to give you the best information served on your plate. On top of the best news, here are some of the best Bitcoin exchanges you can find in South Korea.

  1. Youbit

Youbit is a very popular exchange since it reached all crypto news for getting hacked. The exchange was hacked for more than 3,000 bitcoins, but later the exchange came in stronger and beat the rumors about going bankrupt. They have a new management and are running as one of the favorite platforms in South Korea.

  1. Coinlink

Coinlink is a Korean bitcoin exchange run by a coal-selling company. The platform is reliable and secure and wants to build an improved global network for crypto exchanges. They made a lot of partnerships and plan to expand to Japan, China, and the US.

  1. Zeniex

Zeniex was founded this year and works as a Korean-Chinese partnership. Here, users can buy and sell cryptocurrencies since all major Korean banks don’t approve bank accounts for crypto trading.

  1. GOPAX

GOPAX or Global Online Professional Assets Exchange and it is a fairly new exchange on the market. They opened in late 2017 and partnered with a Korean bank soon after. Users can register and trade the very same day. The platform is very easy to use and there are no transaction fees.

  1. Coinnest

This crypto exchange is very popular in Korea having more than 500,000 members and a very broad spectrum of cryptocurrencies to choose from. Bitcoin is among the most traded coins on CoinNest but the second most favorite is Tron.

  1. Coinplug

Coinplug is a great Bitcoin exchange that offers a very fast way to buy small accounts of Bitcoin. You can purchase bitcoin with a credit card or using your phone number.

  1. Korbit

Korbit was the first bitcoin exchange in South Korea and it’s among the top 5 most popular ones in Korea. It’s very user-friendly and offers very low fees and high-security levels. However, this year, Korbit banned all citizens outside of Korea from depositing local currency.

  1. Coinone

This is an exchange that is focused mostly on Bitcoin and has an 8% market share in Korea. They have more than 100 employees and more than 600,000 users. They are also planning on providing insurance services.

  1. Bithumb

Bithumb is dominating the crypto exchange market in Korea. Bithumb holds more than 33% of the market share and constantly add cryptocurrencies such as Litecoin and Bitcoin Cash. Also, they want to expand their services to the kiosk venture and make easy for customers to use digital currencies daily.

  1. Upbit

Upbit holds a stunning 53% market share in Korea and has over 100 cryptocurrencies available. They also made a great partnership with Bittrex and are now planning to launch a new global cryptocurrency.

    11.Local Bitcoins

It’s important to know that you can buy bitcoins via LocalBitcoins in person. It’s very popular in South  Korea as well. It’s private and very simple to use. Keep in mind that in-person trading can potentially be a scam and it’s also harder to buy larger amounts of bitcoins.

    12. Mycelium Local Trader

Mycelium helps you to find all the local bitcoin sellers in your area. There are no fees involved but the one major downside is that users in low populated areas will have a hard time finding sellers since you meet up in person to conduct the trade. It’s easy to use and cheap to buy bitcoin with cash.

    13.Bitcoin-OTC

Bitcoin-OTC is a p2p marketplace for people to carry out over-the-counter trading. The trading is done between two parties directly using the system called ‘’Web of Trust’’. They have acceptable rates and accept multiple currencies. However, it can be a little difficult to use for beginners.

   14. CEX.IO

CEX.IO started as a cloud mining provider in the crypto space. Later their operations expanded in the exchange sector and abandoned cloud operations completely. You can purchase bitcoin via their website, mobile app and WebSocket API. They offer a rate of 3.5% and don’t have pesos available but they do accept USD and EUR.

   15. Changelly

With Changelly you can buy bitcoin for other cryptocurrencies such as Dogecoin or Litecoin. They operate in many countries around the world but you will need another cryptocurrency to buy bitcoin. Exchanges happen in seconds and the fees are really reasonable.
`
Continue Reading

Blockchain Archive

Exchanges To Buy Bitcoin In Australia

As you already noticed, we make sure that you regularly get your updates and information on where you can find the right bitcoin exchanges around the world. In the latest daily crypto news, we are naming some of the most popular Bitcoin exchanges in Australia.

  1. CoinJar

CoinJar is a well-known Australian trading platform. It’s also a Bitcoin broker and users can purchase bitcoin here for a 1% fee. The platform has a super-clean interface which is very easy to navigate so new users will get the hang of it very easy. CoinJar also offers a wallet service.

  1. But-a-Bitcoin

But-a-Bitcoin is a Bitcoin broker based in Australia. Users can buy bitcoin via cash deposit but will pay a fee of 4.9% fees.  It’s really fast and verification is required only as a mobile phone number. However, the fees can be a little higher compared to other trading platforms.

  1. Independent Reserve

This is a Bitcoin exchange also based in Australia that mostly focuses on providing services for corporations. Users can fund their account with SWIFT or EFT. The exchange supports USD and AUD and charge fees at 0.5% but can be a little lower at 0.1%.

  1. Coin Loft

Coin Loft is a Bitcoin broker where users can buy Bitcoin with a credit card and cash deposits. With cash purchases, the coins will be delivered within an hour. It’s a well-established broker but there is a 4% fee of cash purchases. Also, identity verification is required.

  1. CoinCorner

CoinCorner is a very popular Bitcoin exchange in Australia but it’s also quite popular in Europe and Canada. Users can purchase bitcoin with credit or debit card or bank transfer. It’s a reliable, trusted company with amazing customer support. Another great feature is that there are video tutorials of how to buy or sell bitcoins. ID verification is required and also 1% trading fees.

  1. Coinbase

Coinbase is known to be the best exchange out there so it’s no wonder that it’s here on this list as well. Their interface is surely among the best ones and offers multiple ways of payment including credit cards and bank transfers. It’s really easy to sign up and their app is also extremely user-friendly. However, the verification process can take a long time and the fees are a little higher.

  1. Coinbase PRO

Coinbase PRO is one of the largest Bitcoin exchanges in the U.S but also very popular in Australia as well. Users can purchase bitcoin via bank transfer or bank wire. Coinbase PRO has decent prices and low fees but it can be a little difficult to use for beginners. You can buy bitcoins here for exactly 0 percent fees.

  1. Local Bitcoins

It’s important to know that you can buy bitcoins via LocalBitcoins in person. It’s very popular in Singapore as well. It’s private and very simple to use. Keep in mind that in-person trading can potentially be a scam and it’s also harder to buy larger amounts of bitcoins.

  1. Mycelium Local Trader

Mycelium helps you to find all the local bitcoin sellers in your area. There are no fees involved but the one major downside is that users in low populated areas will have a hard time finding sellers since you meet up in person to conduct the trade. It’s easy to use and cheap to buy bitcoin with cash.

  1. Bitcoin-OTC

Bitcoin-OTC is a p2p marketplace for people to carry out over-the-counter trading. The trading is done between two parties directly using the system called ‘’Web of Trust’’. They have acceptable rates and accept multiple currencies. However, it can be a little difficult to use for beginners.

11. ACX

ACX is based in Victoria and claims to have the largest liquidity pool of Bitcoin in Australia. On this platform, you can find eight cryptocurrencies five of which are paired with the Australian dollar. Users can place orders through the ACX site for a 0.2% trading fee.

  1. Blockbid

Blockbid is a Melbourne-based exchange that it’s fairly new. The platform offers a large number of altcoins as well as trading options for fiat currencies. They charge a trading fee of 0.1%.

  1. CoinTree

CoinTree works as a merchant for bitcoins that will do the buying and selling for you. They cooperate with ShapeShift so it’s easy to swap bitcoins for other altcoins. All transactions are free except bitcoin purchases that have a 3% fee.

  1. Lex Exchange

Lex is a Sydney-based exchange that will allow you to place market limit orders for buying or selling cryptocurrencies on the Australian dollar market. The transactions will cost you a fee of 0.55%. However, the exchange is still in Beta testing so fiat deposits are not fully developed.

  1. NCX

NCX’s goals are to provide a great trading experience so crypto enthusiasts can have an experience outside of the ordinary. They have four coins listed and they don’t charge trading fees. The only fees are for withdrawals at 1%. However, the exchange is limited to Australian residents only.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below







ReviewTrade Now
ReviewTrade Now
ReviewTrade Now
ReviewTrade Now
ReviewTrade Now
ReviewPlay Now
ReviewPlay Now
ReviewPlay Now

ADVERTISEMENT

Join us on Facebook

Recent Posts



UPCOMING EVENTS RECOMMEND BY DC FORECASTS

october, 2018

Filter Events

01octallday02alldayBlockchain Government Forum(All Day) Shaw Centre, 55 Colonel By Dr, Ottawa, ON K1N 9J2

10oct(oct 10)9:00 am11(oct 11)6:00 pmCrypto Economics Security Conference 2018We think the blockchain space needs more academic presence.9:00 am - 6:00 pm (11) Hilton Union Square, San Francisco, 333 O'Farrell St, San Francisco, CA 94102

23oct(oct 23)8:00 am25(oct 25)6:00 pmCoinAgenda GlobalBitcoin & Digital Currency Investors Conference8:00 am - 6:00 pm (25) Mandalay Bay Resort & Casino, South Las Vegas Boulevard, Las Vegas, NV, USA

NEWS CATEGORIES



Menu
CLOSE

Trending Worldwide

X
X