Genesis Mining : Largest Scrypt Cloud Mining Provider

GENESIS MINING Is a well established Scrypt and Bitcoin cloud mining provider. They are the largest Scrypt cloud mining provider and furthermore are now offering Bitcoin mining contracts as well. All their contracts are lifetime contracts, which is a big plus! Currently they have 3 undisclosed locations in Europe, America and Asia. They represent their service on all the important Bitcoin conferences / events and are more transparent than any cloud mining service out there! GENESIS-MINING aims at the average Joe and as well at the bigger investor. They aim to be one of the most competitive cloud mining providers out there. You can start off with a 20 GHS (Gold) Bitcoin mining contract for 15.99$ to get a nice overview of the service they provide. If you look for something bigger you can purchase 1000 GHS (Platinum) for 779$ or 10000 GHS (Diamond) for 7699$. Currently they are out of stock for Altcoin mining / Scrypt contracts. Their website is very clean and has a very appealing design. We really like how easy it is to set up an account with them and start mining. When you signed up, just fund your account with some Bitcoin and choose a mining plan that suits your needs. If you don’t want to pay with your precious Bitcoin you can pay by bank transfer, Litecoin, Dogecoin and Darkcoin. In the near future they will accept credit cards too! Altough GENESIS-MINING started their business only some months ago, they have large record of keeping existing customers happy by upgrading their Scrypt hashrate for free, so their contracts remain profitable! There is not one...

5 Things Bitcoin Owners Must Do When Estate Planning

When it comes to estate planning, very little has been mentioned about bitcoin. While bitcoin is subject to wills and revocable living trusts like any other asset, there are some special considerations. Most seasoned holders of bitcoin are aware of IRS Notice 2014-21. For those unaware, the notice holds that for US tax purposes, bitcoin is to be treated as property rather than currency. The notice is wrongheaded, foolish and probably was issued with intent to slow down bitcoin adoption. Nonetheless, we’re stuck with it until bitcoin adoption increases to the point where the IRS recognizes it as a currency. Much ink has been spilled about the more obvious consequences of bitcoin’s classification as property, namely: Whenever bitcoin is spent on goods or services, the spender must recognize taxable income or loss on the difference between tax basis (usually the price at which he acquired the bitcoin) and the fair market value of the bitcoin at the time spent. Bitcoin miners must recognize ordinary income equal to the fair market value of the bitcoin mined at the time of mining. If your employer pays you in bitcoin, such payments must be reported on your W2 and are subject to tax withholding in US dollars. Beyond these more obvious consequences, however, there are some hidden estate planning traps when it comes to the death or incapacity of a bitcoin account holder. To avoid these problems, here are five steps you need to take now in your estate plan. 1. Get your step-up in your estate plan, and watch your step Because bitcoin is property, when a bitcoin holder dies, the beneficiaries...

CoinPayments.net – Online Multi-Coin Payment Processor

Accept crypto currencies now Bitcoin, Litecoin, Doge, Darkcoin, PeerCoin and 55 other coins are featured with this service – meaning they touch base with whatever payments you want to make or accept on your website. But what is it? In a nutshell, CoinPayments.net acts much like PayPal – a platform which allows you to pay for goods and services without having to directly use your bank account or credit card information. With the surge of new cryptocoins on the web, you’d better keep an eye out on this service as it may be the place to go in the near future for online transactions. How CoinPayments.net Works It’s pretty easy – creating an account is free and you’ll only be charged when transactions are being made. There’s a low 0.5% flat fee on all transactions going in and out of the platform. This is a lot lower than the fees perceived by similar services. There are no other fees associated with CoinPayments.net, aside from the aforementioned flat fee. They provide you with all the tools needed to securely, easily and without any hassle implement their payment method on any website. Once the payment is reached for, the user will be directed to their website where they’ll need to confirm payment, depending on what coins they are using. What’s more – everything is encrypted thoroughly, so there’s no security risk whatsoever. This is very important in today’s day and age, especially when it comes to cryptocoins which themselves are a way to protect a user’s identity.   Over 55 Supported Coins You can accept them all, or just one; that’s your...

CoinMx Review – Buy Bitcoins with a Credit Card or Cash!

July 2015 update: Coin.MX has suspended its business due to charges brought against the owners. CoinMX is one of the leading Bitcoin exchanges allowing you to purchase Bitcoins with a credit card today. I’ve heard a lot about it and decided to finally try it for myself. This review will describe my personal experience with the exchange as well as different opinions of other CoinMX customers I’ve managed to gather from the web. CoinMX is an american based Bitcoin exchange based in Dallas Texas. It was established in early 2013 and has been accepting customers worldwide since. The first thing I’ve noticed is that other than a physical location there are no individuals shown on the website who actually run the site. This always sets off an alarm for me as many of the scams I’ve encountered have this characteristic. However I’m not going to eliminate an exchange based on that alone. Verification is a bitch, but things go smoothly after.. Once you create an account on CoinMX you’ll need to verify your identity. Unlike other exchanges CoinMX asks you to shoot a video of yourself holding a government issued ID (e.g. passport). This was a pretty awkward moment in my life as I’ve never been requested to shoot a video for verification but I complied. It took about 2 days to get verified but I believe that if you email them right after submitting the video you can get it done in less than 12 hours. Once I got verified things went pretty smooth. Deposits were timely and withdrawals of Bitcoins were instant. I remind you NEVER to leave Bitcoins lying...

EXMO : Secure Trading Operations with Cryptocurrency

Here at Digital Bitcoin we recently partnered up with bitcoin exchange Exmo. As usual, we will offer up a quick review of the company’s services. And introduce you to some of the highlights of Exmo offerings. EXMO Overview Founded in 2013. EXMO is 2 years old and has grown to become a well-respected organization in the bitcoin exchange. The things that sets this company aside from other exchanges in the space is the scale of its team. The company’s programmers and developers are from Spain, Russia, India and Thailand. while its financial advisers are from England, USA, Lithuania and Singapore. A quick look at the company’s website reveals a team of 20 full-time staff. Something rarely seen in the bitcoin startup space. Exmo is headquartered in Barcelona, Spain. But it’s well qualified team is available 24/7 to maintain the fluidity of the companies offerings. EXMO Platform Exmo offers an intuitive, easy-to-use platform. Through which clients can interact into two primary modes. A secure wallet which includes exchange and 3 factor security. And soon you will also be able to make purchases. Deposits and withdrawals are available through a wide range of methods. Including, Okay Pay, MasterCard, Visa and now with PayPal . The second part is trade, where clients can trade a range of crypto currencies. To take advantage of intraday volatility in the space. EXMO platform is intuitive. Offers charts and real-time quotes into current buy and sell orders. As well as a live chat facility with other members of the Exmo community. What sets the company apart? As listed on the website, Exmo has a range of advantages that sets it apart from the competition. First, deposits and...