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Bitcoin: all you need to promote?

If you had spent $ 27 on bitcoin when it was created by Satoshi Nakamoto in 2009, your investment would now be worth more than $ 37,000,000.
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Widely considered the largest investment vehicle of all time, in 2017 bitcoin meteorically rose, from $ 777 to $ 17,000.

By creating millionaires from opportunistic investors and leaving financial institutions open, Bitcoin has responded to its critics at every stage of this year, and some believe this is just the beginning.

The launch of bitcoin futures on December 10, which for the first time will allow investors to enter the bitcoin market through a major regulated exchange in the US, means we are just getting started.

What makes bitcoin so valuable is that there is a finite amount. There will be a maximum of 21 million bitcoins, and unlike regular fiat currencies you can’t just print them more if you want. This is because bitcoin works on a proof-of-work protocol: to create it you need to extract it using computer processing to solve complex algorithms on a bitcoin blockchain. Once this is achieved, you will be rewarded with bitcoins as payment for the “work” you have done. Unfortunately, the reward you receive for mining decreases dramatically almost every year since the creation of bitcoin, which means that for most people the only viable way to get bitcoin is to buy it on the exchange. Is it worth the risk at current price levels?

Many people think that bitcoin is just a bubble. I spoke to cryptocurrency specialist and long-term investor Duke Randall, who believes the asset is overvalued, “I would compare this to many supply and demand bubbles, such as the Dutch“ Tulip ”and the“ dot bubble ”of the late 90s. consider the functionality of bitcoin as a real currency, it’s almost confusing. ” For those who don’t know, the “dot com” bubble was the period between 1997-2001, when many Internet companies were founded that received outrageously optimistic estimates based solely on assumptions that later collapsed to 80-90% when the bubble began to collapse in the early 2000s. Some companies, such as eBay and Amazon, have recovered and are now well above those estimates, but for others it was the end.

Bitcoin was originally created in order to take power away from our financial systems and put people under its control by excluding the average person and allowing peer-to-peer transactions. However, it is now one of the slowest cryptocurrencies on the market, its transaction rate is four times lower than the fifth largest cryptocurrency and its closest competitor to Litecoin payment solutions. The Monero coin, which cannot be traced, makes transactions even faster: the average block time is just two minutes, a fifth of the time bitcoins can do it, and it’s without anonymity. The world’s second-largest cryptocurrency, Ethereum, already has a larger volume of transactions than bitcoin, despite the fact that it is valued at $ 676 per broadcast compared to $ 16,726 per bitcoin.

So why is the value of bitcoin so high? I asked the same question to Duke Randall. “Everything dates back to the same supply and demand economy, relatively unavailable a lot of bitcoins, and its recent rise in prices has attracted a lot of media attention, this combined with the launch of bitcoin futures, which many consider the first sign Bitcoin is accepted by the mass market. like any asset, when the demand to buy is higher than to sell, the price increases.This is bad because new investors enter the market without understanding the blockchain and the basic principles of these currencies which means they can get burned. ”
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Another reason is that bitcoin is extremely volatile, of course it swings up or down by thousands of dollars in less than a minute, which, if you’re not used to it and doesn’t expect it, causes panic among less experienced investors, leading to a loss. This is another reason why bitcoin will struggle to be accepted as a form of payment. The value of bitcoin can fluctuate significantly between times when vendors accept bitcoin from customers and sell it on exchanges for their local currency. This volatile movement can destroy all their profitability. Will this instability soon disappear? Unbelievable: Bitcoin is a relatively new asset class, and although awareness is rising, only a very small percentage of the world’s population owns Bitcoin. Until it becomes more prevalent and its liquidity improves significantly, volatility will continue.

So if bitcoin is virtually useless as a real currency, what are its applications? Many believe that bitcoin has moved from a viable form of payment to a jewelry store. Bitcoin is similar to “digital gold” and will simply be used as a benchmark for other cryptocurrencies and blockchain projects that need to be measured and traded. Recently, many high-inflation countries, such as Zimbabwe, have been buying bitcoin to hold on to how much wealth they have, rather than seeing its value fall under the attention of the central banking system.

Is it too late to participate in bitcoins? If you believe what these cryptocurrencies will do for the world, it’s never too late to get involved, but because the value of bitcoin is so high, it’s a boat for some who have already sailed. Perhaps you better look at Litecoin, which increased 6908% year-over-year, or Ethereum, which increased an incredible 7521% year-over-year. These new, faster currencies hope to achieve what bitcoin first planned to do back in 2009, and replace government fiat currencies.

Who knows what the price of these currencies will be in ten, fifteen and even twenty years? One thing is for sure, we better tie ourselves in, as it will be a wild trip.

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Tips to get the most out of GPU mining

Nowadays, people are busy mining bitcoins. Serious miners choose professional tips to professionally build their mining platforms to get the most out of their investments. While you can learn a lot on forums, nothing can beat the advice of professionals. Although this guide does not focus on building a rig, it will help you get the most out of your rig. What’s more, you’ll be able to mine cheaply. Let’s detail.
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Choose the right GPU

Primarily there are two brands of GPUs, namely Nvidia and AMD. We suggest you choose AMD. Another choice you need to make is to choose a GPU made by XFX or Shapphire. There is another option called Gigabyte MSI. Our recommendation is saffron. In our experience, Shapphire produces the highest quality graphics cards. After all, you can’t afford to spend thousands of dollars just on video cards. It is better to spend a little more and choose only quality products.
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Drivers

If you have 280-290 graphics cards, you can choose 15.12 drivers. On the other hand, for the latest cards we suggest downloading the latest drivers. Apart from the driver, you can also select Radeon Chill.

The system

While many deal with Linux, we don’t think Windows outperforms anything. The reason is that the highest quality miners are made for Windows. Moreover, Windows-based systems are easy to operate.
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As for the miners, Claymore has an excellent reputation. Therefore, we strongly recommend choosing a Windows-based miner.

Select a minimum of 5 GPUs

Mining has many expensive components. So not very good at saving money on video cards. The thing is, it doesn’t make sense. Ideally you should choose at least two cards.
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You cannot use more than 4 cards in Windows 7. However, if you download a special driver, you can use more than 4 cards.

Windows 10 can detect all GPUs; however it consumes a little more resources of your rig. The best option is Windows 7.

Use a USB rack

Risers are devices that allow you to connect a PC to a video card. Today, this technology has allowed us to use USB devices due to their stability and efficiency.
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Cool the GPUs

You know that heat kills electronic devices pretty quickly. The same goes for video cards. If you use your cards properly, they will work on you for years.
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All you have to do is remove the four screws from the card and paste the fresh paste on the GPU chip. That’s all. This will improve heat transfer. As a result, you will be able to store the GPU for many years. This will make your GPU much longer than expected.
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Edit virtual memory

It is better to edit the virtual memory of your PC and place it up to 16 GB.

So, these are a few things you can do to make your mining platform more efficient.

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A Beginner’s Guide to Bitcoin’s Own Cryptocurrency

Bitcoin cryptocurrency is buzzing around the world, whether you are online or in any media. This is one of the most exciting and insane things that has happened in just the last few years. More importantly, you can earn amazing returns by trading bitcoins, or keep it for a long time.
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You may hear about stocks, commodities, forex, and now a new currency called Bitcoin trading that is having a big impact on our lives. In this Bitcoin cryptocurrency beginner’s guide you will be introduced to ABC Bitcoin.
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About the cryptocurrency Bitcoin

The emergence of bitcoins is still unknown, but in October 2008 an article was published under the pseudonym Satoshi Nakamoto, which took place in Japan. His identity is still unknown, and it is estimated that as of September 2017, approximately one million bitcoins were worth more than $ 6 billion.
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Bitcoin is a digital currency, popularly called a cryptocurrency, and it has no geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a beginner, bitcoin technology can confuse you and learn a little about it. However, I will help you dig deeper and about how you will also be able to make your first bitcoin trade easy.
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The cryptocurrency Bitcoin runs on blockchain technology, which is a digital public book and is used by everyone in the world. Here you will find your transactions every time you trade bitcoins and anyone can use the book to verify it. The transaction will be completely transparent and verified by a blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and are an amazing technology that only works online.
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The main terms associated with the cryptocurrency are bitcoins

Before you are ready to own your first bitcoin, it is best to learn the key terms associated with bitcoins. It is also called BTC, which is part of bitcoin, and 1 bitcoin equals 1 million bits. With the advent of bitcoins, some other alternative cryptocurrencies have evolved. They are popularly called altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many more.
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XBT and BTC are the same things that are commonly abbreviated as bitcoin. Mining is another term that is often used, and in fact it is a process carried out by computer equipment for bitcoin networks.

What can be done with bitcoins

You will be able to trade, make transactions, accept and store bitcoins. You can send it to a friend, ask a friend and save it in a digital wallet. Even now you can top up your mobile / DTH directly by paying via bitcoin.

The transaction cost is low compared to PayPal, credit cards and other online resellers. In addition, it also protects your privacy, which can leak online while using credit cards. It is extremely safe and no one can grab or steal coins. Due to the transparency of the system it is also impossible to manipulate because of the general public book. You can check the transaction anywhere and anytime.

Demand is likely to grow as total bitcoin production is to be limited to just 21 million. Japan has already legalized it, and other countries may soon follow, and the price may increase further.

In the coming days I will talk in more detail about bitcoin where you will learn the wonderful things about bitcoin trading. You can comment on your opinions and ask anything that has to do with bitcoin.

If you found this guide useful for beginners cryptocurrency Bitcoin, share it and like it on social media.

Which cryptocurrencies are good to invest in?

This year, the price of bitcoin has soared even for one ounce of gold. There are also new cryptocurrencies on the market, which is even more surprising, leading to cryptocurrencies amounting to more than a hundred billion. On the other hand, the long-term prospects of cryptocurrency are somewhat blurred. Major developers have controversy over the lack of progress, which makes it less attractive both as a long-term investment and as a payment system.

Bitcoin

Still the most popular, bitcoin is the cryptocurrency that started it all. It is currently the largest market capitalization, at about $ 41 billion, and has existed for the past 8 years. Bitcoin is widely used worldwide, and it is still not easy to use the weakness of the method it works. Both as a payment system and as value is stored, bitcoin allows users to easily receive and send bitcoin. The concept of the blockchain is the foundation on which bitcoin is based. You need to understand the concept of a blockchain to understand what a cryptocurrency is.

Simply put, a blockchain is a database distribution that stores each network transaction as a block of data called a “block.” Every user has copies of the blockchain, so when Alice sends Mark 1 bitcoin, everyone on the network knows it.

Litecoin

One alternative to bitcoin – Litecoin is trying to solve many of the problems holding back bitcoin. It is not as resilient as Ethereum, and its value is derived mainly from the acceptance of solid users. It should be noted that Charlie Lee, a former Google employee, heads Litecoin. He also practices transparency of what he does with Litecoin, and is quite active on Twitter.

Litecoin has been Bitcoin’s second violin for quite some time, but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Next, Litecoin fixed the problem with bitcoins by adopting Segregated Witness technology. This gave him the opportunity to lower the transaction fee and do more. The deciding factor, however, was when Charlie Lee decided to focus on Litecoin and even left Coinbase, where he was director of engineering, only for Litecoin. Due to this, the price of Litecoin has risen over the past couple of months, and the strongest factor is the fact that it can become a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, a superstar programmer, came up with Ethereum that can do all that bitcoin can do. However, its goal, first of all, is to become a platform for creating decentralized applications. The difference between them is in the blockchains. Basically, a bitcoin blockchain records a contract type that indicates whether funds have been transferred from one digital address to another. However, there is a significant extension with Ethereum because it has a more advanced language script and has a more complex and wide range of applications.

Projects began to grow on top of Ethereum when developers began to notice its best qualities. Thanks to the crowd of stores, some have even raised millions of dollars, and it still continues to this day. The fact that you can create great things on the Ethereum platform makes it almost similar to the Internet itself. This has caused a rapid rise in prices, so if you purchased Ethereum for a hundred dollars earlier this year, it won’t be priced at nearly $ 3,000.

Money

Monero is committed to solving the problem of anonymous transactions. Even though this currency has been perceived as a method of money laundering, Monero is committed to changing it. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain with every public broadcast and record. With bitcoin, everyone can see how and where the money was transferred. However, Bitcoin has a somewhat imperfect anonymity. In contrast, Monero has an opaque rather than a transparent transaction method. No one is sold by this method, but since some love privacy for any purpose, Monero will stay here.

Zcash

Unlike Monero, Zcash is also committed to solving problems that arise in bitcoin. The difference is that Monero, rather than completely transparent, is only partially public in its blockchain style. Zcash also aims to address the issue of anonymous transactions. After all, not everyone likes to show how much money is actually spent on memorable Star Wars stuff. Thus, it can be concluded that this type of cryptocurrency does indeed have an audience and demand, although it is difficult to note which cryptocurrency that is privacy-focused will eventually come out on top.

Banker

Also known as a “smart token,” Bancor is a next-generation cryptocurrency standard that can hold more than one token in reserve. Basically Bancor is trying to simplify the trading, management and creation of tokens by increasing their liquidity level and allowing them to automate the market price. At the moment, Bancor has a product that includes a wallet and a smart token creation. The community also has features such as statistics, profiles and discussions. In a nutshell, the Bancor protocol allows you to detect the embedded price as well as the liquidity mechanism of smart contract tokens through the innovation reserve mechanism. With a smart contract you can instantly eliminate or purchase any token in the Bancor reserve. With Bancor you can easily create new cryptocurrencies. Now who wouldn’t want that?

EOS

Another competitor to Ethereum, EOS promises to solve the problem of scaling Ethereum by providing a set of tools that are more reliable for running and building applications on the platform.

Thesis

Alternatively, Ethereum Tezos can be upgraded by consensus without much effort. This new blockchain is decentralized in the sense that it is self-governing by creating a true digital community. This facilitates a mathematical method called formal verification, and has the function of enhancing the security of the most financially weighted, sensitive smart contract. Definitely a big investment in the coming months.

Verdict

It is incredibly difficult to predict which bitcoin will be the next superstar on the list. However, user acceptance has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and even if the list has great support for each cryptocurrency, some have yet to prove their safety. However, they need to be invested in and monitored in the coming months.

Planning to trade Monero cryptocurrency? Here are the basics to get you started

One of the main precepts of blockchain technology is to provide users with constant privacy. Bitcoin, as the world’s first decentralized cryptocurrency, relied on it to sell itself to a broad audience that then needed a virtual currency free from government intervention.

Unfortunately, along the way, bitcoin has proven to be a number of weaknesses, including scalability and a changeable blockchain. All transactions and addresses are recorded on a blockchain, making it easy for anyone to connect points and disclose private user information based on existing records. Some government and non-governmental agencies already use blockchain analytics to read data on the Bitcoin platform.

Such flaws have led developers to consider alternative blockchain technologies with improved security and speed. One such project is Monero, usually represented by an XMR ticket.

What is Monero?

Monero is a privacy-focused cryptocurrency project whose main goal is to provide better privacy than other blockchain ecosystems. This technology protects user information through hidden addresses and ring signatures.

An open address is the creation of a single address for an individual transaction. Two addresses cannot be linked to one transaction. The received coins go to a completely different address, which makes the whole process incomprehensible to an outside observer.

On the other hand, a ring signature involves mixing account keys with public keys, thus creating a “ring” of multiple signatories. This means that the monitoring agent cannot associate a signature with a specific account. Unlike cryptography (a mathematical method of securing crypto projects), a ring signature is not a new child. Its principles were studied and recorded in a 2001 article by the Weizmann Institute and MIT.

Cryptography has certainly won the hearts of many blockchain developers and fans, but the truth is that it is still a nascent tool with multiple uses. Because Monero uses the already proven Ring signature technology, it has identified itself as a legitimate project to be adopted.

What you need to know before you start trading Monero

Monero Market

The Monero market is similar to the market for other cryptocurrencies. If you want to buy it, then Kraken, Poloniex and Bitfinex are a few exchanges to visit. Poloniex was the first to adopt it, followed by Bitfinex and finally Kraken.

This virtual currency basically looks like pegged to the dollar or against crypts. Some of the available pairings include XMR / USD, XMR / BTC, XMR / EUR, XMR / XBT and more. The trading volume of this currency and liquidity record very good statistics.

One of the good things about XMR is that anyone can participate in mining either as a person or by joining a mining pool. Any computer with much good computing power can extract Monero blocks with a few hiccups. Don’t bother going for ASICS (Integrated Circuits), which are currently required for bitcoin mining.

Price volatility

Despite the formidable network of cryptocurrencies, it is not so special when it comes to volatility. Virtually all altcoins are extremely volatile. This should not worry any avid trader, because it is this factor that makes them profitable in the first place – you buy when prices fall, and sell when they tend to rise.

In January 2015, the XMR was worth $ 0.25 and then ran up to $ 60 in May 2017, and now it’s bowling above the $ 300 mark. The Monero coin recorded its ATH (all-time high) of $ 475 on January 7 before it began falling along with other cryptocurrencies to $ 300. At the time of this writing, virtually all decentralized currencies are in a price correction phase, and bitcoin is balancing $ 10,000 to $ 11,000 from its glorious ATH of $ 19,000.

Validity and adoption

Due to its ability to provide reliable privacy, XMR has been adopted by many people, making its coins easily exchanged for other currencies. Simply put, Monero can be easily exchanged for something else.

All Bitcoin in the Bitcoin Blockchain are recorded, and so when an incident such as theft occurs, each coin involved avoids work, making them unchanged. With monero you can’t tell one coin from another. Therefore, no seller can refuse any of them because it was due to a bad incident.

Currently, the Monero blockchain is one of the most trending cryptocurrencies with a significant number of followers. Like most other blockchain projects, its future looks great, though looming government repression. As an investor you need to conduct proper checks and research before trading any cryptocurrency. If possible, seek the help of financial experts to get on the right track.