Bitcoin-Only Shop launched in New Hampshire

The first cryptocurrency-only and retail trade establishment in the US, the Free State Bitcoin Shoppe has been founded in New Hampshire
06 April 2018   507

The incorporators of the shop are Derrick J. Freeman and Steven Zeiler. They have explained that the visitors of the store can pay for commodities with cryptocurrencies like bitcoin. In a case they don’t have cryptocurrency, the salesman helps them download and finance their first wallet. They check using an Ipad in a Square stand processing New Hampshire-based free point-of-sale software Anypay.

Portsmouth of New Hampshire hasn’t been broadly known as a hotbed of crypto activity. It just may be, and it probably has anything to do with the Free State Project (FSP). Jason Sorens, Yale doctoral student wrote in general about a secessionist movement of the most personal sort. It led evolving into asking 20,000 freedom-loving people to create a political force in the state of New Hampshire, the “Live Free or Die” state.

A large portion of the people who moved to New Hampshire in search of freedom are bitcoin users. Cryptocurrencies affords us the opportunity to not just withdraw our support for values we detest, but to actively support coins whose communities actively embrace certain values we share. It’s amazing, and anyone not yet benefiting from participation in these communities is missing out. 

Derrick J. Freeman, founder, Free State Bitcoin Shoppe.
 

Being an activist and content maker in the liberty world, Mr. Freeman gained a tip in bitcoin after visiting a popular radio program, Free Talk Live.

I liked that this new kind of money was being circulated among my friends. I liked that it afforded me the opportunity to use a money that wasn’t created and controlled by the Federal Reserve. I like that it empowers people like me to opt for a more peaceful world by withdrawing support for empire-building and endless wars. 

Derrick J. Freeman, founder, Free State Bitcoin Shoppe.

Launched the last year Summer, the Free State Bitcoin Shoppe is open seven days a week. Although it’s obviously a profit-making enterprise, Mr. Freeman notes it also begs as an educational platform.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   92

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.
 

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.