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Big Data and Bitcoins

Big Data and Bitcoins

Recently, Bitcoin has seen a recent spike in value, which has prompted many people to begin "mining" for more. This in turn has had a knock on effect with computer parts, sending the price of dedicated graphics cards far more expensive than before.

Big data can be used for both of these problems through methods such as google trends. For bitcoin, google trends can be tracked for how often people are giving attention and searching google for bitcoin or similar terms. Big data can also be used for tracking the current value of bitcoin and analyzing any patterns in the price changes to help predict whether the value will rise more or fall.

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