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How does Bitcoin mining work?

How does Bitcoin mining work?

May 29, 2021 Education

Bitcoin is said to be a digital gold which has passed more than USD $50,000 in value in 2021. It all runs digitally and is powered by number of computers using Blockchain technology. Surprisingly, the price of Bitcoin has been growing a lot faster than Gold, Oil and Dow Jones according to analysis done by Capital.

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Bitcoin Massive Dip: What's behind it?

Bitcoin Massive Dip: What's behind it?

May 20, 2021 Thoughts

Crypto market has been very emotional lately with all this Elon Musk's drama on Twitter, and the relationship between Tesla and Bitcoin. The recent announcement of Tesla stopping Bitcoin payment method has really caused massive chaos in Crypto market, and causing lots of people to sell their holdings. However, latest tweet from Elon Musk suggests that Tesla has not sold their $1.5B Bitcoin yet.

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Tesla suspends using Bitcoin as a payment method

Tesla suspends using Bitcoin as a payment method

May 13, 2021 Thoughts

Many people in crypto community shocked to see the announcement by Tesla CEO, Elon Musk on his twitter. He said Tesla will no longer accept Bitcoin as payment menthod for car purchases. Tesla is concerned about energy consumption for Bitcoin mining and transaction. However, he also stated that Tesla will not be selling any Bitcoin.

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SpaceX accepts Dogecoin for Moon Mission in 2022

SpaceX accepts Dogecoin for Moon Mission in 2022

May 12, 2021 Thoughts

On 8th of May, Elon Must hosted Saturday Night Live show. Before the show, the entire crypto community was super exciting to see what would Elon's appearance on SNL show do to Dogecoin price. There were also multiple live stream on Youtube with Dogecoin price chart. Enthusiasts and traders were all discussing about it on discord and Twitter. However, it was quite disappointing to see Dogecoin price plummeted nearly 40%.

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Introducing New Cryptonet: Fresher Design

Introducing New Cryptonet: Fresher Design

May 01, 2021 Announcements

It is finally happening. We have been working on redesigning Cryptonet to allow all crypto enthusiasts in the entire crypto world to be able to join and start discussing everything about crypto and Blockchain with each other. So, we also changed the domain name from ozcryptonet.com to hellocryptonet.com for a wider audience.

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NFT: As hot as a Buffalo Wing

NFT: As hot as a Buffalo Wing

Apr 12, 2021 Thoughts

For the past few weeks, news media and many other articles have covered NFTs quite a lot. Often in the news, you may have heard of some digital arts are being sold for millions of dollars, which is insane amount of money to pay for a digital art. So, why are those digital arts worth so much money and more importantly what is NFT?

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Cardano: The Next Generation Blockchain for dApps

Cardano: The Next Generation Blockchain for dApps

Mar 28, 2021 Thoughts

Cardano is the Blockchain network that is powering ADA cryptocurrency, which is now ranked top 5 on CoinMarketCap at the time of writing this. It has gained its popularity recently in the crypto market. The price of ADA spiked once in 2018 and another one very recently in 2021. What is it that people are paying for ADA? Well, it turned out that the Cardano project has some very promising solutions to the problems that the current Blockchain has.

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How to buy Cryptocurrency with AUD?

How to buy Cryptocurrency with AUD?

Mar 25, 2021 Guides

So, now you have $100 AUD in your hands and you are wondering how to buy that popular Dogecoin that Elon Musk has been tweeting, or you are planning to invest in Bitcoin. Well, you are in the right place. In this blog, I am going to walk you through how you can buy cryptocurrency with Australian Dollars in very simple and easy way on some of the most well known and reliable exchanges in Australia.

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Welcome to OZ Cryptonet

Welcome to OZ Cryptonet

Mar 20, 2021 Announcements

In Australia alone, there are millions of people who have already been trading and owning cryptos from different platforms such as CoinSpot, Swyftx and Binance. There are also many new starters joining cryptos. So, to provide a friendly platform to learn more about cryptos, we are announcing OZ Cryptonet, a crypto community in Australia.

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