Buying two pizzas for 10,000 BTC!!!

May 22 — an important date for all the crypto community. Precisely on this day, eight years ago, a programmer and Bitcoin enthusiast Laszlo Hanyecz used his crypto to make the first ever real-life purchase, buying two pizzas for 10,000 BTC.

 

This event started a new epoch of cryptocurrency, and Laszlo's actions teach us an important thing – patience is the best tactics. At the current rate, his lunch was worth over $80 million.

So one can only hope that the pizza was delicious and totally worth it!

 

To keep yourself out of repeating Laszlo's fate, consider saving your crypto today – and get a substantial 22% discount on all HashFlare contracts with promo code 8F9EBD28.

Mining Bitcoin in the cloud is like renting a money printer and yes, it’s bizarre

Cloud mining, or remote cryptocurrency mining, is a contentious topic. Using a remote server to mine currency for you seems perfect for people who don’t have the money or time to set up a home operation, but it also seems a bit too good to be true. If a cloud mining company just mined Bitcoin itself, wouldn’t it make more money?

What is cloud mining?

 Cloud mining is using hashing power to make calculations remotely. Like you would do when you render something. You may buy a cloud service that uses video cards to render something, or when you create a website and you need a web server where you put the files where you use for your website, you store them somewhere remotely. Cloud mining is kind of the same way.