Month: April 2017

Will Bitcoin Mining still be worthwhile in 2018?

Bitcoin made is made its appearance in 2009, the first in a wave of new cryptocurrencies. The digital currency has seen adoption by over 100,000 retailers and businesses. It has also been hailed for its use as private, borderless currency. Though many imitators have appeared, Bitcoin maintains superiority in the cryptocurrency market.

New currency is created through a process known as ‘mining’. Solving a calculation on a blockchain generates a new Bitcoin. This coin is registered to its miner, and is ready for trading and use as currency. Bitcoin mining has become a cottage industry, requiring only a computer and internet connection. As the calculations become increasingly complex with each solved, Bitcoin mining becomes more difficult over time.

This year bitcoin has seen enormous gains in value, rising by over 2000%. It has also seen price gains and drops, varying by thousands of dollars in each surge. The instability has been a boon to investors who have managed to take advantage. However, such variation makes Bitcoin’s long-term viability as currency somewhat suspect.

With more miners than ever, it is more difficult to complete blockchains. Profits relative to processing power are at an all time low. Independent Bitcoin miners are being phased out of the market by large, organized mining operations. These mining syndicates use large processing farms, and advanced software to maximize their Bitcoin yield. Most are based in China, due to low power costs that come with China’s oversupply of cheap coal power. Miners outside the developing world are increasingly unable to compete.

The sudden popularity of Bitcoin has brought increased attention from governments. China recently announced new initiatives to curb Bitcoin mining. They will be increasing power costs for Bitcoin mining companies, and issuing environmental fines.

There are also concerns with the financial instability that could come with a Bitcoin crash. Bitcoin trading has been suspended several times due to wild price swings. More regulation is expected to curb investment in Bitcoin.

Due to the anonymous nature of Bitcoin, it is receiving increasing attention from law enforcement. The SEC is currently investigating the activities of several Bitcoin exchanges. The DEA has expressed concern with use of Bitcoin by the illicit drug trade. Tax agencies worldwide are concerned with Bitcoin’s potential for hiding assets.

So, with all these issues in mind, is it worth mining Bitcoin in 2018? There is still some profit to be made, but only by the most organized of operations. A drop in Bitcoin value could easily wipe out even those gains. Investing in the infrastructure needed at this point would be unwise. Bitcoin mining is most likely an increasingly unprofitable venture. Unless Bitcoin sees a dramatic increase in adoption as a currency, these mining operations are likely to see an overall loss. There is more profit potential in Bitcoin for short term investments.

It is still possible to recover data from damaged smart phones?

Lots of people have severely damaged their smartphones at some point or another. They will all ask: it is still possible to recover data from damaged smart phones, right? The short answer is that this is the case. However, it still does depend on a lot of different factors.

After all, there is a certain point at which the smartphone is going to be so damaged that people will not be able to get anywhere with the repairs. It’s hard to say when this point actually is, but there is a line. A smartphone that has been in a fire is too damaged to repair in almost all cases. This will be the case with the majority of other severe forms of damage.

If the smartphone has been stomped on and its components have been spread around everywhere, this can also be a problem when it comes to recovering any of the data. It depends on how much the different components have been corrupted and exactly what happened with them. People still need to make sure that they are able to salvage what they can from the phones, however. There is still a chance even with damage that appears to be very severe.

If the phone is largely intact and it just isn’t working all that well, recovering the data should be much more feasible. Most of the components will probably be fine. People just need to make sure that they get everything taken care of right away, or the phone could be much more severely damaged very quickly. It is just as important for people to make sure that they are able to do some short-term troubleshooting in some cases.

If the smartphone is wet, trying to dry it out to a certain extent will usually help. People need to try to protect the components to the best of their abilities. Otherwise, they will risk creating a situation where they could have prevented more damage and they did not. Smart phones can be rescued in a lot of cases. Still, it’s important for people to try to do their part to keeping them in the best possible condition before attempting to recover the data.

It’s also always a good idea to take the phones to a specialist of some kind. People who are in that situation will be that much more likely to get the results that they want. All of these tech specialists will be able to try their best in order to salvage the data. In some cases, they might be able to salvage the data under circumstances that people never would have imagined previously.

It is certainly possible for people to surprise others and to go against their expectations when it comes to fixing anything. There are doctors who say that a case is incurable, and they prove themselves to be wrong. This can certainly be the case with technicians. People should not give up on their smartphones unless they are so severely damaged that they barely resemble smartphones.