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Lifehacker's Guide To Investing In Bitcoin | Lifehacker ...

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Chances are good you've at least heard of Bitcoin and the concept of digital currencies. Lately, they've been in the spotlight more than usual.

With good reason. Bitcoin prices have skyrocketed from just under $1,000 for one Bitcoin on January 1, 2017 to more than $6,000 at the beginning of November 2017.

That's 600% in less than a year.

Enough people have made a decent amount...

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Ask LH: What Is Bitcoin And How Can I Use It? | Lifehacker ...

Dear Lifehacker, Everywhere I go, I see Bitcoin popping up. Many web services accept payments in the form of Bitcoin, and some even sell their homes for the stuff . I know it's a digital currency, but where does it come from and how is its value determined? More importantly, should I bother earning it and using it for any reason? Thanks, Bitconfused

Dear Bitconfused,

Bitcoin is a digital currency...

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Four Factors Driving The Price Of Bitcoin | Lifehacker ...

Bitcoin just blew past the $17,000 mark. Last month, the price dropped to around A$8,000 shortly after almost hitting A$10,000, and rising over 1,850% since 2015 . By the time you read this, the price is likely to have changed dramatically again.

All of this shows how volatile the currency is, which prompts the question - what's causing such huge movements? Here are four factors you need to know...

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Ask LH: How Do I Sell My Bitcoin In Australia ...

Dear Lifehacker, I bought bitcoin through Coinbase, now I am told I can't yet sell digital currency in Australia. Is this so? If not, is there a way in which I can transfer my bitcoin to another exchange to be able to sell it? Thanks What-The-Fine-Print.

Hey WTFP,

I see you're interested in the bitcoin craze and you have used Coinbase to buy bitcoin. As you may be aware, Bitcoin is a...

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A Beginner's Guide To Bitcoin In Australia | Lifehacker ...

Bitcoin is a form of cryptocurrency that can be used to purchase everything from online goods to multi-million dollar mansions. They are currently more valuable than gold, with a single Bitcoin equalling more than three thousand Australian dollars. Needless to say, there is a huge amount of interest in bitcoin and it's not too hard to start mining bitcoins of your own.

What are Bitcoin?

Bitcoin...

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If You're Transferring Bitcoin, Be Careful With QR Codes ...

Here is a story that makes me want to vomit.

I recently experimented with buying Bitcoin, and bought a relatively small amount. Not a huge amount, but enough to be extremely upset if I lost it.

And guess what, I almost did. Because of QR codes.

For a bit of background, here's how the Bitcoin buying process works. First you buy from an exchange. You're welcome to hold your Bitcoin on that exchange...

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Related topics : bitcoin address qr code / bitcoin wallet address check / get a bitcoin wallet address / create a bitcoin wallet address / make a bitcoin wallet address

The Best Bitcoin And Ethereum Explainers | Lifehacker ...

Bitcoin, the decentralised digital currency, seemed on the verge of disappearing after every scandal, crash or hack. But eight years later, it's not only growing but accelerating, with the price of a single BTC "coin" recently climbing above $5400.

And it isn't the only cryptocurrency; competitors include Litecoin, Dogecoin and Ethereum (a currency that supports "smart contracts"). These graphs,...

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Related topics : digital currency like bitcoin / bitcoin transactions explained / bitcoin digital currency price / bitcoin digital currency / bitcoin blockchain explained

Only Buy Bitcoin If You're Ready To Lose It | Lifehacker ...

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If you've been tempted to get in on the blockchain currency racket, first read tech writer Mark Frauenfelder's story of losing access to $US30,000 ($39,186) in bitcoin. Ask yourself if you could handle the stress of trying to guess a seven-digit PIN, knowing that every time you guessed wrong, your money would get locked away for hours, then days, then years. Ask yourself what...

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Related topics : cryptocurrency mining sites / bitcoin mining computer buy / bitcoin trading sites / bitcoin mining computer power / ways to buy bitcoin online

How To Stop Sites From Harvesting Cryptocurrency From You

Your browser might be doing someone else's dirty work behind your back, mining cryptocurrency for malicious individuals using your desktop or laptops to create the digital currency, which can potentially be exchanged for real cash. According to Wired , hackers have found a way to inject Javascript-based cryptocurrency mining software into compromised sites, borrowing your processing power (and slowing down your computer) to generate the cryptocurrency Monero.

Image credit: Andrew Burton/ Getty

Luckily, there are some ways to stop the dirty tactic without resorting to staying off the Internet for good.

The process of browser-based...

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Related topics : cryptocurrency mining sites / cryptocurrency mining software / cryptocurrency mining machine / cryptocurrency mining / digital currency exchange software