2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation Poolin has also revealed a hashrate token called pBTC35A and each token represents 1 TH/s hashrate with pre-determined SHA256 processing power.

With bitcoin mining showing significant upside potential, a couple of crypto industry heavyweights have introduced tokens backed by PoW hashrate. Last week, Binance unveiled a new project called the bitcoin standard hashrate token (BTCST), a coin that’s claimed to be backed by 0.1 terahash (TH/s).

“BTCST sets off to solve the problem of limited exit options by bringing exchange-grade liquidity to Bitcoin mining, and in secondary trading,” Binance announced last Wednesday. “BTCST will perform as a leveraged Bitcoin token free from liquidation risk. BTCST will create an efficient market for Bitcoin’s mining power in ways similar to how Grayscale Bitcoin Trust creates institutional liquidity for Bitcoin.”

The crypto trading exchange added:

BTCST is collateralized by 0.1 TH/s of real-world Bitcoin mining power, which is historically proven to be positively correlated to the performance of the digital gold, and hence the value of BTCST climbs along with the current skyrocketing Bitcoin market.

However, Binance is not the only business looking to offer a PoW mining token as the mining operation Poolin has also introduced the Mars Project. On January 11, 2021, Poolin tweeted “Join the first Ethereum-based standardized hashrate protocol, earn wBTC and LP reward. Infinite possibility when PoW mining steps into [an] Ethereum smart contract,” the mining pool further said. Currently, Poolin is the fifth largest bitcoin pool capturing around 9.4% or 14 exahash per second (EH/s) today.

The Poolin minted ERC-20 token is called pBTC35A and the company says each coin is backed by the firm’s PoW hashrate. “The protocol consists of pBTC35A tokens and [the] MARS token,” Poolin’s announcement explains. “Each pBTC35A token represents 1TH/s hashrate with a pre-determined power ratio, mining rigs would be in Poolin Superhashrate’s custody during life cycle. While net profit on wBTC would be distributed per block.”

Poolin says the first batch will be “50,000 pBTC35A (approximately 50PH/s) tokens for Bitcoin (output with wBTC) mining in this protocol and locks up more than 50PH/s machines physically.” Poolin notes that people can obtain the tokens using the inhouse shop (basic KYC needed) or via the token’s Uniswap contract. The company further detailed that Ethereum and other PoW mineable coins will be also created, but Poolin doesn’t have a confirmed schedule.

According to Binance Launchpool, the PoW token (BTCST), the organization recently launched has also passed an audit from the blockchain security company Certik, and scored a “98 out of 100 in a security audit.” Users will be able to stake BNB, BUSD, and BTC in separate pools in order to farm BTCST tokens, Binance Launchpool also said.

“Compared to conventional cloud mining, BTCST portrays the decentralized spirit of blockchain, with all mining rewards distribution done by smart contracts that are onchain with full transparency,” Alex Zhao, the cofounder, and CTO of BTCST said last week.

What do you think about the new tokens backed by PoW hashrate? Let us know what you think about this subject in the comments section below.

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miners are moving from China to Nordic countries, namely Sweden and Norway, which he describes as “one of the biggest developments” within the nascent industry: Those western countries are perceived as safer and more stable as opposed to communist China that currently reigns supreme in the global hashrate arms-race, Salter says:               

Bitcoin has long been criticized by its detractors as a “Chinese coin.” As reported by U.Today, ex-Ripple Chris Larsen wrote an op-ed, alleging, without evidence, that the country’s authoritarian government could ultimately “block or reverse” transactions on its blockchain:   

With climate change being a hot-button political issue, power-hungry Bitcoin raises some concerns about its carbon footprint. In October, the New York Department of Financial Services (NYDFS) urged crypto firms to take into account related risks. Given that countries like Norway mainly rely on green energy, the ongoing shift will dramatically reduce the amount of CO2 emissions linked to Bitcoin mining.

profit. 

Ethereum by design depends on proof of work, aka mining. This means that individual users completely provide computing power in order to validate blocks as well as transactions. When this happens, Ethereum (ETH) is earned during the process. 

While Bitcoin was the first cryptocurrency to introduce mining, it has become increasingly difficult to earn money from bitcoin mining. It is for this reason that Ethereum mining became a captivating alternative for cryptocurrency users, especially for the computer components used in mainstream computing.

However, before you learn how to mine Ethereum, you have to consider the requirements, profits, and of course the costs.

At this moment, Ethereum utilises a mining algorithm known as Ethash. When broken down to its basics, it just means that Ethereum is slightly ASIC- resistant. ASIC-resistant is the term given to a cryptocurrency’s property that is immune to ASIC mining. ASICs, simply are integrated circuits which have been designed to have a unique use case such as performing a computing task. In the cryptocurrency world, ASIC devices have been created to be used to mine cryptocurrencies such as Ethereum, Bitcoin and more.

ASICs that we’re specifically built for Ethereum mining wouldn’t be able to perform better than a general-purpose but high-end GPU. This also means that ASICS created solely for Bitcoin mining are unable to efficiently mine Ethereum. 

It is possible that the algorithm controlling Ethereum’s mining might change later in the future. Developers have been considering introducing ProgPOW which has the ability to provide Ethereum ASICs with less of a lead on GPUs. It does not matter if you intend to mine using an ASIC or a GPU, you will first have to buy a device before you can begin. 

The most efficient mining devices tend to have an extremely high hash rate, which is signified by MH/s. This means that they can solve calculations faster causing them to earn more Ethereum. Energy efficiency, which is highlighted by W is also another important factor, given that power bills can reduce the profit made. 

When it comes to profitability, the top-performing mining devices were able to make a daily revenue of about $5 to $9. When you take into account the costs accrued by energy usage, the profits for those same devices become anything from $3 to $6. That being said, it is imperative to note that revenue and profits attained are subject to the fluctuating prices of both electricity and Ethereum. 

While higher hash rates can provide increased revenue, it is still crucial to consider things such as electricity efficiency, depreciation and upfront costs. It is surprising to some to know that it could take years to recoup the upfront capital of any device be it an ASIC or a GPU. 

A major disadvantage is that ASICS quickly becomes obsolete. It is even possible for an ASIC to become useless if developers choose to change the mining protocol associated with Ethereum. Even if this is not the case and an intentional change is not made, manufacturers of ASIC tend to have trouble publishing updated firmware.

Compared to ASICs, GPUs will always have a resale value thanks to the fact that they can be useful for system performance and gaming in general. That being said, continuous mining could result in the GPUs wearing out, especially if they do not get adequate cooling and proper maintenance. That being said, they are still a lot easier to resell compared to ASICs because they have other use cases besides cryptocurrency mining.

Ethereum can be mined using previous generation, low end or even integrated GPUS. Nevertheless, the profit margin for that setup is bound to be quite small. Moreover, electric costs could cause your ethminer rig to lose you more money than you make overall. This is why you have to know what your electricity expenses are going to be before you start.

The mining protocol associated with Ethereum as well as its network has been gradually changing. These changes have of course affected revenue and profits made. Fortunately, it does appear that the total hash rate of Ethereum has declined for over 2 years. In layman terms, this simply means that ethermine is not as competitive as it used to be and the ethash is affected

An inverse of that is the fact that mining rewards have dropped as well. Ethereum, in February ‘19, had a hard fork which saw block rewards reduced to 2 ETH from 3 ETH. This has made mining less lucrative in overall terms and that decrease appears to continue. Additionally, it does appear that a difficulty bomb designed to make mining each block more difficult is set to be detonated soon. However, this process has stalled in various updates, so being an ethminer is not at risk yet.

These two significant changes have been made in order to determine, forging the way ahead for staking. The second iteration of Ethereum is said to introduce staking, however, this has also been continuously delayed and is unlikely to take the place of mining at this moment. This simply means that Ethereum mining is said to be viable for a little longer.

Learning how to mine Ethereum, you discover that an individual mining by themselves is unlikely to unearth a block, which then means that individual miners have to join a mining pool. Deciding mine by yourself means that you will have to wait months, years even before you can get a payout.

As an ethminer, you join a mining pool, you will have to pay fees and share your profits with miners in the pool. While this could lower the financial rewards you get slightly, you are still able to earn rewards regularly to help offset the reduction.

Some of the largest mining pools are Nanopool, F2pool, Ethermine, and Sparkpool.

Every pool has its own set of fees, payment thresholds, and payout models. Generally, the fees expected, amount to about 1%, with the cashing out threshold held about 0.1 ETH. Nevertheless, despite the restrictions, it is definitely a boon to have an increase in consistent earnings.

In order to join a mining pool, you have to install the mining software, configuring it to your chosen mining pool’s instructions. 

Rather than buying your very own GPU or ASIC, it is actually possible to ethermine by renting Ethereum hash power directly from a remote provider. You could also choose to discover the free Ethereum mining offered by cloud mining. A few notable names that provide the free and paid services are Minergate, NiceHash, CCG Mining, IQ Mining, and Genesis Mining.

There is quite a lot of appeal to be had with cloud ethermine. For one, you do not have to set up or maintain any hardware, worry about electricity costs or even consider the number of hours in a day you have to spend mining in order to turn a profit. All you have to do is purchase a contract.

That being said, cloud mining and the services that offer it aren’t as accountable or transparent as mining pools are. You will be required to pay upfront and this can be a risk, given that the cloud service might close its doors or incorrectly manage its funds. It could also be that the mining service might get attacked and then becomes unable to pay the clients.

While there are quite a lot of prominent cloud mining service detractors, they still are quite popular. Nevertheless, it can be nearly impossible to gain continuous revenue using cloud mining. The most effective way to make money via mining would always be to maintain an efficient rig, made with inexpensive hardware and reduced electricity costs.

While Ethereum is the most popular Ethash based coin, it is not the only one. It is actually possible to mine QuarkChain, Ethereum Classic, Ellaism, EtherGem, Expanse, Ubiq, EtherGem, Dubaicoin, Ether-1, Callisto, Metaverse, and EtherSocial. Mining these altcoins offer miners the opportunity to get even bigger profits.

This just shows that while there are quite a number Ethash based coins available to mine, Ethereum is still profitable out of all of them. 

When it comes to selecting the hardware you intend to mine with, you will have to experiment with quite a number of varying GPU selections. You should bear in mind that Nvidia cards are outperformed by AMD cars when it comes to cryptocurrency mining. Your selected card should come with a minimum of 3 Gigs of ram. Anything less will hamper its ability to effectively mine Ethereum. The minimum ram requirement is down to the increasingly large directed acyclic graph or DAG file utilised by Ethereum’s proof of Work hashing process. 

When it comes to the requirements of the operating system, you have to ensure that you use the latest iteration of Windows, which is Windows 10. Additionally, it has to be 64 bit. While there are numerous Linux distributions, Windows is still the most seamless operating system to set up and have running as quickly as possible. At this juncture, there isn’t a Macintosh version. Nevertheless, there are a couple of things you have to cover when creating your own mining rig

You will have to get a motherboard that comes with sufficient PCI-E slots in order to help support all the cards you intend to run. Should you utilise more than a single GPU, you will want to have a powered PCI-E riser that attends to every additional GPU. This is why it is important to double or even triple-check that the power supply unit or PSU comes with a sufficient number of connections that support the GPUs you intend on running. Additionally, you should also ensure that you have an overall wattage that cannot only support your entire system’s power draw but also leave you with a little buffer room.

This will involve you getting a low end or previous generation CPU that comes with 4 gigs of ram as a minimum. You also have to ensure that the RAM, CPU and motherboard chosen are all compatible.

It is also imperative that you remember to use a power button. Having a basic power button that can be connected to the motherboard’s headers enables you to switch the system off and on. You will require a standard mouse, monitor and keyboard.  

Should you decide to be an ethminer and create numerous rigs to boost your ethash, it is best to stick to one brand of PSU or power supply unit. This enables you to have additional cables that can be used on any of the other systems should a need arise. So long as your system can meet the prerequisites and comes with 1 3 gig ram GPU, you should be able to mine Ethereum. 

You might consider using a gaming laptop as your rig given that they tend to have high-end cards. However, this would be the wrong thing to do given that mining would generate considerable heat and that could impact other aspects of the laptop. For this reason, it is always best to use a desktop build.

Learning how to mine Ethereum and transforming yourself into an ethminer can be an extremely viable option as there are numerous advantages associated with it. They are:

That being said, there are a few disadvantages associated with ethermine. They are:

Nevertheless, choosing to ethermine can be a wonderful method to properly comprehend cryptocurrency, whilst gaining valuable technical knowhow. Should you learn how to mine Ethereum, you would be able to gain consistent profits.

ubiq.hodlpool.com:8009 -ewal WALLET_ADDRESS -epsw x -dpool dcr.suprnova.cc:3252 -dwal user.miner -dpsw password -dcri 15 -mode 0 -ftime 10 -gser 2 -allcoins 1Rig Hardware to get started for a miner:GPU: Nvidia Geforce 1060GTX 3GB http://amzn.to/2t636cJAsus ROG Strix B250F Gaming LGA1151 http://amzn.to/2rMVMOZPSU: 1 x 1200watt http://amzn.to/2t1SP0rPower Risers: http://amzn.to/2sBmLzPCPU: http://amzn.to/2sBEozKRam: http://amzn.to/2s6xnDgSSD Drive: http://amzn.to/2t5GfxPUse the code "aGbFSY" and get 3% on Cloud mining at https://www.genesis-mining.com/a/926266 Like my content? You can tip me here:BTC: 1BKAbcowg68WytyPbwbFihNJBXpPSFj6u1DisclaimerCliff On Crypto is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, Channel or in other investor relations materials or presentations that it publishes electronically or in print. Cliff On Crypto is not a financial adviser. We strongly encourage all investors to conduct their own research before making any investment decision. Play safe out there, its a jungle!

promised land of Proof-of-Stake (PoS) Ethereum 2.0. 

This is a problem for old school miners. There are about 1.5-3 million 4GB GPUs on the market currently mining ETH, who will soon outlive their usefulness on the Ethereum chain, potentially leaving millions of rigs piled in storages collecting dust. 

But what if there were other ways you could still utilize 4GB Mining rigs? 

After March 2021, their productivity will significantly drop making them unsuitable for ETH mining. Instead of switching off the rigs, ETH miners can repurpose them to mine new coins. In addition, they can sell the hash power to brokerage services, conduct dual mining, or shift to general computing. 

Ethereum is among the most profitable coins to mine. Unlike Bitcoin, ETH miners could comfortably rake in profits by GPUs. Unfortunately, the network has grown exponentially, rendering low-memory GPUs obsolete. Furthermore, Ethereum has started the transition from being a proof-of-work (PoW) to a Proof-of-Stake (PoS) blockchain. 

It’s all about the expansion of one type of distributed ledger, Directed Acyclic Graph (DAG). DAG is baked in the root of PoW blockchains using the Ethash hashing function. Notably, the function resists mining using ASICs, hence, the prevalence of GPUs on the ETH-powered network. 

DAG is a file containing data that facilitates finding new blocks and verifying transactions on the protocol. However, as the protocol grows, so does the DAG. Its growth is estimated to occur after every 30,000 blocks or 100 mining hours. 

Each DAG increment is called an epoch. Notably, the file has to be loaded in the GPU’s memory to facilitate active interaction with the blockchain. Apart from mining, how best a mining rig handles the file can increase or reduce its mining speed. 

Therefore, when the DAG file size exceeds a GPU rig’s memory capacity, the rig either becomes slow or unable to mine ETH. On Ethereum, the dataset is expected to reach 4GB at block 11,520,000.

This is forecasted to happen between Dec 23 or 24, 2020. When this happens, it phases out 4GB mining rigs off the Ethereum blockchain. Examples of 4GB GPU cards include AMD’s RX470/480/560/580 and Nvidia’s GTX1650/1650 Super and GTX1050Ti. 

Since these mining rigs make up to 26% of all mining devices on Ethereum, it may see most of these piled in the backyard. Fortunately, there’s still hope for 4GB mining rigs to be used on the Ethereum platform. 

You can continue maximizing your 4GB mining rigs by switching from Windows to Linux-based operating systems. The problem with Windows OS is that it assigns up to 600MB of the first GPU (GPU0) on the rig to Virtual RAM (VRAM). 

Linux OS only sets 120MB aside for VRAM, leaving more room for the DAG file. Note that this will only work as long as the DAG file can fit in the GPU. 

However, a more solid approach is to replace the GPU0 card with one with more memory such as 6/8GB. This provides enough room to load the DAG file and leverage the other 4GB cards in processing. 

Luckily, even after the 4GB GPUs become obsolete on December 24, miners can still use them for an additional three months but on reduced efficiency. 

Still, these are temporary solutions considering Ethereum is slowly, but surely, moving to the PoS (Ethereum 2.0) mining mechanism. When it does, we can still, however, repurpose 4GB mining rigs. 

When ETH finally rejects 4GB mining rigs, it’s time to look for alternative coins. Thanks to the general-purpose nature of GPUs compared to ASICs, the rigs can easily make the switch to other coins. 

BEAM is a Mimblewimble-based cryptocurrency with active developer activities attributing to its viability. The coin doesn’t employ a DAG file since it uses the BeamHashIII hash algorithm. Unfortunately, to make the most out of the platform, you have to optimize the miner.

Although ETC is a fork of ETH, its DAG file size is still slightly above 2.5GB and projected to reach 3GB in August 2022, and 4GB in September 2025. This gives miners using 4GB GPU rigs approximately five years to continue comfortably mining on the ETC blockchain. On the flip side, ETC mining is 2-3 times less profitable than ETH mining. 

The RavenCoin network uses the Kawpow algorithm, which is compatible with GPU cards. RVN is currently among the top 150 cryptocurrencies and it’s listed on reputable crypto trading platforms such as Binance. However, it’s heavy on GPUs and also quite power-intensive. 

ZIL uses the Ethash hash algorithm. Currently, its DAG size is 1.24GB, making it ideal to be mined using 4GB mining rigs. 

The coin’s DAG is projected to reach 2GB, 3GB, and 4GB in Dec 2025, August 2032, and March 2039, respectively. Although this gives 4GB rig miners more time to put their ETH-rejected rigs to use, the coin doesn’t offer mouthwatering profits. 

Firstly, EZIL isn’t a coin. Rather, it’s a mining approach that maximizes mining ETC and ZIL coins. The approach works by connecting your 4GB mining rig hash power to a pool that automatically switches mining between the two coins.

Compared to switching between ZIL and ETH, the ETC-ZIL combination brings more returns. For example, estimated profits can reach approximately $428 within 30 days, making it the most profitable mining scheme for 4GB GPUs. 

More Ways to Use ETH-rejected 4GB Mining Rigs Apart from directly mining other coins, the rigs can be used in various ways. 

Instead of using rigs to directly mine ZIL, BEAM, or any other GPU-based digital currency, you can connect with brokerage services such as NiceHash and get paid. 

Note that with this type of operation you’re only paid for the hash power you contribute. The brokerage service then sells the power to other users who direct it to mining different coins as per their liking. 

General computing shifts your 4GB mining rigs from crypto mining to other processing-intensive tasks. For instance, you can rent your rig’s hash power to rendering networks like Golem, remote gaming platforms like Vectordash, or artificial intelligence platforms like VastaAI. 

Dual mining involves mining two coins at the same time using the same rig. Its advantage is that it can be used on any two coins of your choice, provided they support GPU mining. 

For example, you can mine ETC and Verge (XVG). In such a setting, you can connect your 4GB mining rigs to Nanopool to mine ETC and simultaneously connect to ZPool to mine XVG. 

4GB mining rigs still have a place on the Ethereum blockchain for an additional 60 days. When that time elapses, miners can still switch to BEAM, RVN, and other ASIC-resistant cryptocurrencies. However, before you do, you need to check the profitability margin of each coin. 

A phenomenal alternative would be to adopt dual or EZIL-like mining to boost your return on investments. Note that the EZIL approach differs slightly from dual mining since, with EZIL, a pool automatically switches between two crypto currencies. With dual mining, the rig is constantly connected to two different pools. 

Where direct mining isn’t an option, you can still sell your rig’s power to brokerage services like NiceHash or shift to AI, rendering, gaming, and other general computing services. No matter the route, 4GB mining rigs still have a place in the future.

earn money in many ways, and you need to know about it. Bitcoin investing and trading is beneficial, and you can consider these options to earn money. Many websites are out there, including bitcoin investor that you can choose to start your trading journey.

Bitcoin mining is also a proven method that you can consider to earn profits. As you know, bitcoin mining is a little bit complicated, and that’s why you should learn the basics to get started. Make sure you are familiar with the numerous factors like mining hardware, price of bitcoin, and electricity rate. These factors also help to determine profitability.

Step 1 – Select the right bitcoin mining hardware.

To mine bitcoins, you need to follow the instructions step by step to reduce errors. The first thing you should do is to select the best bitcoin mining hardware, but it is not as easy as you think. It is important to look for bitcoin mining hardware, which is specially designed for bitcoin mining. You can find many websites that offer bitcoin mining hardware.

Make sure you are using the right hardware for bitcoin mining; otherwise, you will have to pay more for the electricity. Gone are the days when people used to mine bitcoins with their personal computers. Now, you need to be careful while choosing bitcoin mining hardware because it plays a significant role in the mining process.

Step 2 – Join the best mining pool.

If you have decided to mine bitcoins, you should join a mining pool. Many mining pools are out there, but you should try to choose the best one. After joining a mining pool, you are able to use more resources and get a chance to earn huge profits. Usually, people join mining pools to work in a group of bitcoin miners. When you mine bitcoins in groups, you can share hashing power. Along with it, you also need to share your rewards. You can’t mine bitcoins alone, and that’s why you should join a group to improve your chances of getting bitcoins.

Step 3 – Get the best bitcoin mining software.

To mine bitcoins, you need to download mining software on your device. You can easily find many special programs that are used for the purpose of bitcoin mining. You should look for the most popular and effective programs to get the best outcomes. If you are a beginner, you should use bitcoin mining software, which is easy to use. With the help of this, you can reduce numerous complications. Some mining pools also provide software, so you should keep this thing in mind.

Step 4 – Create a bitcoin wallet.

It is important to have a bitcoin wallet to store the coins you mine. The importance of bitcoin wallets shouldn’t be ignored. Whether you are a miner or investor, you need a wallet to store your bitcoins; otherwise, you may lose them. Bitcoin wallets are available in various categories, and you need to know about them. Make sure you are choosing a wallet that is easy to use and safe.

You can consider digital wallets or hardware wallet to protect your coins against hackers and scammers. Your bitcoin wallet will also help you send and receive coins with ease. Paper wallets are also popular, and you can use them to keep your coins safe and off from the internet. You must pay proper attention to the selection of the right bitcoin wallet to avoid scammers.

The final step – Start the mining process.

After following all the above-mentioned steps, you can start the bitcoin mining process to generate bitcoins. You need to link your bitcoin wallet with the mining rig to get started. The mining process includes a lot of tasks that you need to complete. Validating the bitcoin transactions is an important task, and you focus on it. Once you have done all the tasks properly, you can get bitcoins in the form of a reward. After owning bitcoins, you should stay updated with news and market trends to take benefits from the right opportunities.

Image Source: BigStockPhoto.com (Licensed)

technology in a bid to improve business workflows and transform their operations.

Bitcoin overcame many challenges plaguing the financial services industry. In the process of changing a stagnant and problematic economic structure worldwide, Bitcoin had its fair share of drawbacks.

Numerous blockchain-based projects were created to solve these inherent problems, but they’ve either had half-baked success or failed to make any mark whatsoever.

SBR Blockchain, is a new project with a double-pronged token system, that aims to solve the many problems plaguing the blockchain and crypto space as a whole.

Some of these key problems include:

● Mining profitability: We can all agree that cryptocurrency mining operations deserve a better reward mechanism. Cryptocurrency mining is no longer as profitable as it once was. A drop in the price of cryptocurrencies like Bitcoin will hugely affect miners’ earnings.

Constant competition prompts miners to upgrade their mining hardware even without significant or regular increased earnings.

● Energy consumption: Inefficient power usage has always been a long-standing issue with cryptocurrency mining. The carbon footprint created by mining farms and datacenters is a cause for concern.

● There is an urgent global need for a solution to this major energy wastage plaguing the growing cryptocurrency mining sector.

● Centralized mining: The problem with mining is the possibility that a blockchain network can be hijacked by a coalition of miners. In what is known as a 51% attack, a group of miners making up more than half of the total mining nodes can thereby seize control of the network.

● Volatility: Price volatility is a problem for virtual currencies. Fiat money is more stable, and if crypto wants to be taken more seriously as a store of value, the problem of massive price volatility needs to be addressed.

● Security: Blockchain is secure, however, cryptocurrencies in wallet or exchanges are at risk of loss or theft. The unregulated nature of crypto makes it even more prone to attacks from malicious actors. SBR platform hopes to solve the inadequate crypto security problems.

SBR provides a comprehensive solution.

SBR is not your everyday cryptocurrency project. While this might sound cliché, the project is poised to revolutionize the cryptocurrency and finance industry combined.

Some even say SBR is what regulators, banks and even the government have been waiting for to finally propel the cryptocurrency industry into mainstream acceptance.

Now, you might wonder, what are the features of this blockchain platform and why is it being touted as the next big thing in the cryptocurrency industry. Here’s exactly why.

Highly Secure and Efficient

SBR Blockchain sets a limit on the hash speed cap to help minimize the power needed to mine coins. This also reduces the need to purchase better mining equipment and increases the profit miners can make. The hash speed is determined before miners launch a new operation.

By capping the hash speed, SBR Blockchain will help prevent 51% attacks, thereby maintaining the integrity of the network.

Innovative Tokenomics

The most innovative feature of the SBR Blockchain platform is the two-coin strategy for reducing price volatility. The unique system has a mechanic that determines the price of both the coin and the token. Providing a bottom price that they may not go under. Each has a similar formula to reduce volatility.

We already know stable and profitable mining activities help to reduce cryptocurrency price volatility. However, SBR goes one step further to make the dream of many cryptocurrency bulls a reality.

SBR Blockchain has introduced an innovative two-coin system: a regular coin with a limited supply (like Bitcoin) that will be mined, and a token. There are 10 different algorithms for mining the coin, one for each year, after which rewards shift to a salary-based pay structure. The token will be backed by 200% reserves constituted out of silver and Bitcoin.

The SBR coin will catch the eye of the wider crypto community while the token is designed to appeal to financial institutions and government agencies.

The SBR project is headed by David Larson, a passionate cryptocurrency enthusiast, who gathered a team of people that are sharing the same vision. The platform was designed and is managed by an international non-profit organization, VHWWP. The SBR firm will be esablished by David Larson of VHWWP, once appointees have been established for board positions.

The objectives of the SBR blockchain platform are divided into 5 main parts: improved security, mainstream adoption for cryptocurrencies, reduced price volatility, better incentives for miners as well as secure voting. In collaboration with VHWWP, they claim that special care will be devoted to ensuring the social responsibility of the business as well as addressing the inherent flaws we discussed.

With the features listed above, we believe that this is the best solution so far, offering institutions an insurable asset attached to the cryptocurrency. Most importantly gaining the support of the cryptocurrency community and widescale instatutional adoption, when it finally launches in 2021.

(VHWWP) Veterans Health and Welfare for World Prosperity

Info@vhwwp.com 1(866)201-0876 1267 Willis St, STE 200 Redding, CA 96001 USA

International Office: Maglajska 1 71000 Sarajevo Bosnia & r

https://www.linkedin.com/in/david-larson-8711698a

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January 07, 2021, 01:37 GMT

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With bitcoin nearing all-time highs and receiving vast media coverage, mass adoption of cryptocurrency is slowly playing out. That said, bitcoin (BTC) isn’t the only valuable cryptocurrency.

Keep reading to find out what altcoins are, how they work, and whether they are worthy of an investment.

Put simply, altcoins are alternative cryptocurrencies to bitcoin. Hence the clever combination of “alternative” and “coins” that forms the name, “altcoins.”

Powered by blockchain technology, altcoins were created to fill a void in the crypto industry and vary slightly from bitcoin. Depending on the parameters defined and purpose of the altcoin, they appeal to an entirely different audience.

However, there are a few commonalities between altcoins and bitcoin. Most altcoins allow for secure peer-to-peer transactions, use private keys, uphold the essence of privacy, and are relatively inexpensive.

Moreover, altcoins can be bought and sold on cryptocurrency exchanges , stored in crypto wallets, and utilize decentralized tokens.

Since altcoins utilize the same technology and philosophical framework as bitcoin, they behave relatively the same. Altcoins use blockchain (a ledger) to publicly record transactions. They use private keys so users can still send a payment from one digital wallet to another.

But remember, altcoins are alternatives to bitcoin. This means they compete head-to-head against the first digital asset ever created.

Innovators create altcoins to improve BTC’s inefficiencies, such as the high transaction fees, scarcity, and massive amount of resources needed to successfully mine bitcoin.

With over 5,000 cryptocurrencies available to consumers, it is paramount for crypto investors to know the different altcoins.

As we all know, bitcoin is one of the most volatile assets in the world. Thousand-dollar price fluctuations happen daily, as more and more consumers buy, sell, and speculate on bitcoin. Stablecoins are created to “stabilize” or mitigate volatility.

To do this, they value the coin to fiat currency, such as the U.S. Dollar, Pound, Euro, or gold.

Ultimately, what currency they use to value their coin is up to that specific altcoin’s creator. The currencies listed above are by far the most common amongst stablecoins.

Popular Stablecoins:

As cryptocurrency gains in popularity, ambitious brands are beginning to enter the space, such as Facebook. Although it hasn’t officially launched yet, Libra is a stablecoin entering the market in the near future.

Besides buying bitcoin on a crypto exchange, the only other way to get bitcoin is by mining it.

However, mining bitcoin requires resources, technical understanding, and patience. Mining based altcoins fill this void. They re-open the flood gates and allow for everyday consumers to mine for cryptocurrency.

That said, mining for altcoins is similar to mining for bitcoin. It still requires you to solve complex problems to generate new coins and requires resources. By far, the most popular mining-based altcoin is Ethereum.

Popular Mining Based Altcoins:

Security tokens are like stocks, but they leverage blockchain technology. They are often regulated by governing bodies and can represent multiple assets digitally, such as real estate, fixed income, and commodities.

Like taking a private company public through an initial public offering ( IPO ), security tokens debut through a process known as an initial coin offering (ICO).

Utility tokens guarantee investors a service, much like a traditional utility company. A notable example is Filecoin .

Those who pay in cryptocurrency get access to the largest decentralized storage network, where they can privately store vital information.

Like all assets, there are advantages and disadvantages to altcoins. To bring clarity to altcoins, here are some pros and cons you need to consider.

Investing in altcoins comes with risk. Most altcoins are not well known, which means their liquidity is not nearly as high as bitcoins.

However, a few altcoins have emerged amongst a crowded pack and are rivaling bitcoin in popularity.

Here are the most popular and best altcoins for crypto investors.

Like investing in stocks, you should only invest an amount of money you are willing to lose. Profits are never guaranteed, and volatility will be the norm as the world begins to accept and utilize cryptocurrency.

Investing in altcoins has never been easier. With the rise of secure crypto exchanges, buying and selling altcoins can happen from your mobile device or computer.

Here are the best crypto exchanges to buy altcoins.

Coinbase is a San Francisco based crypto exchange that serves over 13.3+ million users. They provide you with a secure platform, low fees, and a diverse selection of supported altcoins.

Learn More: Coinbase Review

Touted as the most secure cryptocurrency exchange, Gemini is one of the newest exchanges to enter the market. Founded by the Winklevoss Twins, this platform is easy-to-use, affordable, and secure.

Love it or hate it, Robinhood is bringing cryptocurrency investing to the masses. This popular platform promises commission-free trading and a secure exchange.

Furthermore, Robinhood is a great place to set up shop if you also want to invest in stocks or blockchain ETFs .

Learn More: Robinhood Review

When investing in altcoins, you need to review the asset’s liquidity (are people buying and selling the coin), who the creators are, and what purpose it serves in the broader crypto industry.

Unfortunately, altcoin scams exist. Thus, it is paramount you know the details about the underlying altcoin. The more research you do now, the better.

Depending on what altcoins you invest in, it can make you money. Why? Cryptocurrency is slowly but surely becoming accepted.

Across the United States, merchants and large corporations are augmenting their payment methods to include cryptocurrency transactions.

While all investments carry risk, blockchain technology and cryptocurrency are still in its earliest stages. But most people can agree on one thing. Blockchain is immensely powerful and underutilized.

And with Facebook showing interest in the broader crypto industry and developing their own stablecoin (Libra), one can only assume that the rest of Silicon Valley will follow suit.

This mass adoption will further raise the price of altcoins as coin availability becomes scarcer.

Related: Is Bitcoin a Good Investment?

Established altcoins like Ethereum (ETH) and Litecoin (LTC) are safe. They are decentralized and enable secure peer-to-peer transactions. But not all altcoins are created equally. Scams, hacks, and fraud are common in crypto.

However, exchanges like Gemini, Coinbase, and Binance are doubling down on security. They are bolstering their security posture, utilizing cold storage capabilities, encryption, and are employing third-party cybersecurity vendors to monitor their exchanges.

Related: Is Cryptocurrency Safe?

If you are looking for a bitcoin alternative, then investing in altcoins is your best bet.

That said, know the risks altcoins carry and make informed investments. Only buy altcoins that are established, well-known, and secure.

More Crypto Resources:

key component of the Bitcoin system. It helps secure the network, is integral to the issuance of new coins, and in a sense ties everything together. But how does it work?

Well, it’s slightly complicated, so I’ll try to explain it in a condensed way that is simple but not “too simple”, so you hopefully get the gist of it: On average every ten minutes, transactions on the Bitcoin network are bundled together into a “block”. But in order for a block to be accepted by the network, the creator of the block (i.e. “the miner”) needs to prove they did the proper “work”. This is known as “proof of work”.

Think of it like this: In order to create a block, you have to solve a math puzzle. The puzzles are hard to solve, yet easy to verify (sort of like a Sudoko puzzle). When a miner sends a solved block to the network, the other miners can quickly check if it’s correct, and then everyone starts working on the next block. Obviously, unlike Sudoko puzzles, these proof-of-work “math puzzles” are solved by computers running the Bitcoin software, rather than people using a pencil and paper.

The puzzles are solved using brute force trial and error. There are scads of combinations tried every second from miners all around the world. In fact, a single miner will be computing trillions of “hashes” per second. You may hear the word “hash” or “hashing” being thrown around quite a bit in Bitcoin conversations. (You don’t really need to know what a mathematical hash function is, but essentially it is the math puzzle I am referring to).

In the early days of Bitcoin, mining could be done on any computer, simply with the computer’s CPU. Over the years, mining moved away from CPU to GPU, then to FGPAs, and finally to ASICs (Application Specific Integrated Circuits). Today, you need a specialized ASIC piece of hardware to mine (ordinary computers are far, far too slow.) When a miner produces a block, they have to bundle all the transactions that will be included, and also refer back to the previous block. All this gets put into the hash function. Because each block refers to the previous, together they make a chain of blocks (hence the term “blockchain”).

Since the blocks are chained together, this is what creates the security for Bitcoin. No one can build an alternate history of transactions without redoing all the work for those blocks, and if this is attempted, the attacker will be too slow compared with the rest of the network that is continuing to extend the blockchain.

In addition to the normal transactions being bundled into blocks, miners are also allowed to include a special transaction on each block, called a coinbase transaction, which awards the miner with freshly minted coins. Thus, the mining process provides an economic incentive to participate in providing security, while it at the same executes the issuance schedule. “Network hashrate” refers to the total aggregate amount of mining being done by all miners on the chain, and this tends to follow the price of the coin. The greater the financial rewards, the more the system attracts miners to compete for those rewards.

Finally, there is a difficulty adjustment, whereby, periodically the network will make it either easier or harder to solve blocks, based on how fast (or slow) blocks have been coming in. As the hashrate goes up, the difficulty will also adjust upwards, and the system will continually keep adjusting so that the average time between blocks is ten minutes.

Ethereum (ETH) is the #2 coin by market cap today. Ethereum is similar to Bitcoin in that it uses an open source blockchain system, but it is more focused on smart contracts, which are computer programs that automatically execute agreements without the need for trusted intermediaries. Ethereum is often touted as being a kind of “world computer”, and is currently a backbone of decentralized finance (“DeFi”). Ethereum also hosts other coins known as “tokens”.

The peg is achieved by the Tether company maintaining dollars in a bank account, and other assets, equivalent in value to the number of circulating tethers. Tether has claimed that the coin is fully backed by USD reserves and similar assets, but some doubt this and Tether’s reserves have never been fully audited by a third party.

Litecoin (LTC) is similar to Bitcoin and is based on the Bitcoin protocol, but introduces some small changes, including faster block times and a different hashing algorithm. This algorithm was originally intended to allow more users to mine the coin, even if they do not have access to ASICS, although today ASIC mining has taken over LTC as well. Litecoin was created in 2011, making it one of the oldest coins.

There are many options for Bitcoin wallets, and which is “the best” depends on your goals and level of experience. The highest security and most privacy comes from running your own Bitcoin full node, but this is not practical for most users, nor is it necessary.

For many users, the “best” (in my opinion) is the Electrum wallet (or Electron Cash for BCH) because it allows you to have high security without downloading the blockchain or running your own node. A distributed set of servers handle the heaviest parts of blockchain operations, but your own private keys to your coins are never sent to servers and only sign transactions locally. The electrum class of wallets are also open source, which increases their trust.

Another nice option (super for beginners) is the Bitcoin.com wallet. It’s a great way to get started using Bitcoin. It’s safe and easy. 4. How can I store Bitcoins safely? Generally, your bitcoins should be stored in your own wallet and not kept on an exchange. As the old saying goes, “not your keys, not your coins”. This means that technically speaking when you have your coins on an exchange, you don’t actually own any coins. Instead, what you have is an IOU from the exchange.

Although this may feel like an unimportant distinction on the surface, there are real risks of keeping your money on an exchange. These risks include the exchange refusing to return your funds (either because of malice or regulatory issues), or the exchange getting hacked or going out of business, or a hacker getting into your account. If you must keep coins on an exchange, make sure to use a strong password and two-factor authentication (2fa).

When you have your coins in your own wallet, you are immune from many of the risks, but your coins can still be lost if you don’t back up your wallet and your computer dies, or if a hacker gets access. Keeping your computer up-to-date with malware and antivirus protection is recommended.

For even better security, you can look into using a hardware wallet, a paper wallet, or a cold storage wallet. We don’t have room here to do a deep dive into each of them, but it’s an excellent place for any aspiring Bitcoiner to start researching.

Beginners wonder how it’s possible to know if a Bitcoin transaction is legit if it’s just a bunch of data. Can’t that be faked? The short answer is that your wallet knows whether a transaction is valid, and usually won’t even display an invalid transaction. As to how the wallet knows this, Bitcoin transactions must follow a very specific format, and can only spend coins (also sometimes called “inputs”) that are themselves valid and only if the user (wallet) can produce the correct digital signature.

Yes and no. While Bitcoin transactions are not completely anonymous, not all transactions have a clear identity associated with them. The privacy model for Bitcoin is different from traditional finance. Actually, the Bitcoin whitepaper has a nice diagram for this:

As you can see, in the traditional world of finance, transactions are shielded from public view, but “trusted third parties” know everything. Those trusted parties include banks, credit card companies, and so on. In the Bitcoin model, the public can see all transactions, but there is no identity that is required to use the network. But in practice, can analysts use heuristics and algorithms to uncover who is behind certain transactions? In many cases, they can. For example, if you withdraw Bitcoin from an exchange to your own wallet, the exchange knows who you are. If you then send the coins from your wallet to someone else, the second transaction can also be assumed to be from the same person.

There are several methods available if you want to make your Bitcoin transactions more private. One is to first exchange your coins for another coin that offers better privacy features (such as Monero or Bitcoin Cash), and then exchange them back to BTC.

Tax law is complicated and varies widely based on jurisdiction. I am not a tax professional and you should always seek professional tax advice when it comes to finances. That said, it appears taxes on Bitcoin are not particularly different from other assets. When you sell Bitcoins, it is generally a taxable event and taxes are owed on the profits. Unrealized profits are generally not taxed (for example, if you hold coins and don’t sell).

You can spend Bitcoins and other cryptocurrencies anywhere they are accepted. Often, online shops offer more cryptocurrency adoption than retail settings. One great place to find stores that accept crypto is map.bitcoin.com.

Another option is to get a crypto-based debit card. For example, this one from Bitpay. This allows you to load your coins and spend them anywhere debit cards are accepted (which is basically everywhere).

What do you think about the eight beginner questions answered? Let us know what you think about this subject in the comments section below.

Use Bitcoin and Bitcoin Cash to play online casino games here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

young, people don’t have all the information or data concerning this sector.

As people want to learn more, questions are not avoided. Others fear or are afraid of asking questions thinking they are going to ask stupid things. We bring stupid questions people always ask.

People always ask these questions whenever they hear about Bitcoin. The person or company behind Bitcoin is called Satoshi Nakamoto. However, Satoshi has never come out publicly such that people can have a look at him. This keeps the public wanting to know who really controls Bitcoin and what that person looks like.

There are numerous theories about the identity of Satoshi Nakamoto. From the very inception of Bitcoin, the community speculated about many prominent people being the coin’s father, including Hal Finney, Nick Szabo, Dorian Nakamoto, Gavin Andersen and many others.

The most popular personality is Craig Wright who claimed to be Satoshi himself. He even provided some private keys allegedly belonging to the bitcoin wallet known to be Nakamoto’s. However, the community was not convinced by the argument, and Wright got himself widely famous as Faketoshi.

By the way, the “face” of Satoshi belongs to Dorian Nakamoto. It is his picture that is used each time when the father of Bitcoin is used. Despite Dorian having nothing in common with Bitcoin except for the name, the image of a funny-looking aged Japanese man became very popular to be associated with BTC creator.

As people were using money for centuries, they got used to the notion that it must be tangible and have a physical form. That is why it is difficult to embrace the concept that something without any tangible form might actually be used as money.

But a fact is a fact, Bitcoin has no physical form. It is just a computer code that is used for performing operations. Perhaps, this is the main reason why the common folk have a lack of trust in cryptocurrency. Something that can not be touched does not exist. It is like a ghost, no one has seen it but everybody believes in it. So, is Bitcoin a ghost of money?

No. And the price of the flagship crypto proves it very well as it approaches the mark of $30,000. Despite it being difficult to understand for those who lack technical knowledge and skills, the BTC code is more than just figures. It has value because it is backed by something that has been working for centuries, namely, the laws of math. 

Those people who invested in Bitcoin when it had just been launched made a lot of profits during the first cryptocurrency bubble in 2017. Initially, the value of Bitcoin was between $0.0008 to $0.08 per coin in around July 2010. Seven years later, BTC traded at around $20k, which is 250000x the initial price.

So now those without the experience in the cryptocurrency think that every day is a Sunday. They think Bitcoin will continue giving upward rallies forever, to the extent that they can go beyond selling their property to raise huge amounts of money to invest in cryptocurrency.

However, trading is far from being that easy. In reality, Bitcoin, just like any other cryptocurrency, is very volatile. So there is a high risk of losing money instead of gaining it. To get real profits, a trader or investor should do the homework properly and get enough knowledge and understanding of the market dynamics. This will help in defining the right time for buying and selling. And, no, there is no need to sell anything to start trading or investing.

Theoretically, any person can mine crypto. You only need the right skills, resources, tools and equipment such as Application-Specific Integrated Circuit chips (ASIC). Most people, especially the inexperienced or illiterate, think that mining BTC is like mining gold from the ground. When they hear of mining they think of holding a hoe, shovels, pickaxes and hammers.

Some people don’t know that cryptocurrency can even be mined using a smartphone. Miners who have made a lot of profits in mining cryptocurrency have to have access to cheap power and also join mining pools since pools help them to lower expenses.

With the two crypto-bubbles that have happened where we saw Bitcoin hitting and exceeding the $24k cap. People think that if they invest in Bitcoin they will be millionaires in future. In fact, the early bird investors didn’t become millionaires. They became billionaires.

On the other hand, BTC price volatility saw many people with a lack of knowledge lose their funds. All in all, Bitcoin indeed can make a person reach, but only if a person possesses proper expertise in the field. Profits don’t come for nothing.  

The early bird investors indeed became billionaires as cryptocurrency prices have grown enormously. For this reason, many people believe it is too late to buy coins as they will not bring so much profit anymore.

However, 2020 has proven this concept frog. In March, during the event known as Black Thursday, most major cryptocurrencies lost a great deal of their value. For instinct, Bitcoin cost around $3,500. By the end of the year, the coin’s price approaches $30,000. Anyone can do one’s math to figure out the profit it brought to those who bought the crypto in March. 

Many beginners to the industry tend to think that bitcoin investment is something like a bank deposit, where people get regular profits. Again, this assumption is wrong due to the high volatility of digital assets. For a person can get rich or lose everything in a matter of hours (remember the Black Thursday event).

So, those who want to minimize risks and get a small but stable income from their investment should keep their money in their bank accounts. Cryptocurrency is not a deposit, but an investment opportunity with all associated risks.

Getting a passive income to retire and live for one’s pleasure is the dream of many. However, no one would tell for sure how many Bitcoins a person needs to make this dream come true. Again, it is all because of price volatility. Despite analysts predicting a bright future for the coin in terms of growth, no one knows exactly how much it will cost in the long-term perspective.  

People think that if the price of a cryptocurrency such as BTC is high no one will afford to buy it if a holder decides to sell it at once. This might be true, even though one might be surprised by the number of people in the world who think $2 million is not a big amount. 

But even if no one buys the entire amount at once, a holder can keep on selling his or her BTC in small portions. One can sell it to different buyers or traders until one empties the wallet. It might take longer, but it proves that there is no danger for a hodler to be unable to sell one’s coins. The danger exists only in case there will be no single cryptocurrency exchange in the world.

Obviously, yes. The abundance of cryptocurrencies in the market proves that very well. However, the development of the code for a coin requires certain knowledge and skills. So, probably, someone from the humanitarian field of knowledge might find it difficult to develop a mathematical code. But still, the person can arrange a team and engage professionals with the proper expertise. 

Considering the overall digitization caused by the COVID-19, the field of developing cryptocurrencies and tokens offers great opportunities in the long run. For instance, CoinIdol, a world blockchain news outlet, previously reported that many football teams have launched their tokens to engage their fans and supporters in conditions of the lockdown. 

These are far from being an exhaustive list of questions related to cryptocurrency as this industry is still nascent. But the abundance of questions is great for any industry. It means that people are actually interested in it. 

What was the most stupid question you were asked about cryptocurrency? Let us know in the comments below!

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by contacting financial experts before making any investment decisions. Views expressed in these types of posts do not reflect the views of Tokenhell.com

Buyers, speculators, lovers or even well-informed nerds might be great Bitcoin buffs. They can even follow all of Bitcoin news and have a solitary inquiry as to the main priority. Individuals may essentially need to discover, regardless of whether a romantic future can be cut out of mining different cryptographic forms of money.

Indeed, it is anything but a contrivance or frightening infomercial. Mining of digital currencies can be an astute move, aside from being a rewarding one.

What’s more, the prominence of the Bitcoin market can’t also be denied. The Bitcoin blast of 2013 and its tremendous ascent in worth prompted its standing. The exciting ride of Bitcoin walletand the other cryptographic forms of money, named as Altcoins, found a position of greatness in every word reference of the planet.

Computerized monetary records have procured sufficient introduction, and a mining profession, including them, can turn out revenue. The excavators nonetheless, should have three things – adequate time, adequate cash and an undying tirelessness.

The main obstacle includes the determination of a digital currency. A lover can proceed to mine Bitcoin. Or then again instead choose to mine other accessible digital coins, Dogecoin, Litecoin or Peercoin.

As such, excavators have a ton of choices. Like stock, even digital currencies have classifications, blue chip or penny. Mining the blue chip classification is frequently connected with security, dependability and a higher measure of benefit. Putting money on these highlights, individuals are more disposed towards Bitcoin mining, regardless of whether it includes utilizing an enormous figuring influence. Altcoins, then again, can likewise give a useful addition as calculations are less complicated. In any case, with Altcoins, effortlessness of mining and the potential increases are not relative.

Equipment is a viewpoint that starts to uncover a genuine test. Indeed, even a techno-astute digger can’t deny the Bitcoin trouble connected to new obstruct age. The fact is to settle on the registering capacity to be used. For Bitcoins, calculations have gotten hard to hash. In this way, GPUs of tremendous force combined with top of the line RAMs and solid hard plate drives need to do all the undertaking.

The fact is to hash at a quick rate. Different very good quality GPUs running together can rush square age and like this the payouts. Then again, choosing a bit of programming probably won’t be as impressive. Windows can be picked as the required OS, yet open-source Linux makes a superior showing. Another prerequisite is a computerized wallet. Mined monetary forms must be put away. One can store it locally on hard-drive or distantly on the web. A digger needs to pick adroitly.

With equipment and programming set up, the errand of mining begins. A digger may do it in isolation, and assemble all advantages. However, the apparatus must be hugely impressive. So it’s very unrealistic. Mining pools appear to be a feasible arrangement as individuals collaborate to contribute hash force and machines. In this manner, coins get mined at an extraordinary speed. Cooperating has its advantages; excavators get something reasonable. Multipool is an economical choice. If Altcoin mining is to be embraced, Middlecoin should be the digger’s decision. So with all the fixings set up, a worthwhile mining apparatus can start. Starting speculation may appear to be overpowering. However, the benefits are beneficial!

While ‘bitcoin’ is a very commonly heard term, there are few who know what it is. While it is a trading system, it is the most different from others for two significant reasons. For one, it involves a form of digital currency that can be transferred easily.

What makes it more unique, however, is the fact that it does not involve any banks or other official financial institutions. It is merely a peer-to-peer system that is independent and unaccountable. Following are some of the most important recent bitcoin news and highlights:

Anonymity: If you want to carry out simple transactions without using your identity and bank account details, buy bitcoins make it possible. All transactions that are carried out are anonymous, unless you choose otherwise, and cannot be tracked back to you. For every transaction, there is an address created that is unique and will never be repeated.

Receiver’s privileges: Unlike most other forms of trading, bitcoins are irreversible, and you cannot cancel a payment once you have sent it. If you must reverse the transaction, you will need the receiver’s consent. Also, the transactions take about 10 minutes to complete, unlike other financial transactions that are processed almost immediately.

Purchasing luxury items: One of the significant reasons bitcoins became popular was the fact that they are ideal for purchasing foreign luxury items. These are the ones that are heavily taxed by the governments of these countries, and the final cost becomes very high. Since bitcoins do not involve any governmental institution, there are zero taxes that you have to pay. This, along with the already minimal transaction cost, makes it ideal to use them to purchase items from foreign countries.

Mobile wallet: Among the most popular bitcoin wallet news was the fact that there was a mobile version introduced in addition to a computer version. This means that you can install an application on your smartphone, and manage your bitcoins through it. It also makes it easier to exchange your coins for dollars at any time you like.

Limited acceptance: Despite the growing use of bitcoins, you must check whether or not they are accepted at the store you want to use them at. There are still several places that do not get them as a valid, usable form of currency. However, this is expected to change soon, with digital currency readily becoming more popular.

additionally allows versatile mining and goes about as a wallet for cell phones.

In this Electroneum review, we won’t just give key data about this crypto that you need to know, yet inform you about the best way to convert ETN to other cryptocurrencies for your convenience.

Electroneum was created as a versatile application with a less confounded wallet work alongside simple digging highlights for others to download the application effectively just as to get mining and secure digital money. It is a mobile coin and it’s easier to use it than Bitcoin.

Electroneum gives a technique for tying down security transactions to other global platforms. At first, while at the phase of dispatching, the financial specialists of its ICO couldn’t get to ETN coins. Around then, there were undesirable issues in the joining cycle, pin check, and portable wallets. Subsequent to making certain security changes in its blockchain innovation, it was relaunched.

The Electroneum group had cleared that a few people were endeavoring to trick others by attempting to get them to sell or send their QR code or wallet address utilizing web-based media stages. The group informed everybody to know with respect to those sorts of tricks and confirmed that the ETN addresses are separately created on every close to home record from the Electroneum official site. Electroneum likewise gave a few stages to take to forestall clients being a survivor of such fake exercises.

The group recommended being mindful to counterfeit wallet addresses on the grounds that solitary the approved staff can give the coins that can be gotten to from the organization possessed site. Coins that are in a pre-deal stage were likewise resolved to be an endeavor of cheating. The fraudsters were additionally attempting to imagine that they could sell the coins at some limited cost. Likewise, any endeavor at or false exercises can be accounted for to Electroneum by means of their web-based media channels and email.

Numerous experts accept that Electroneum coins are a ground-breaking venture as the estimation of the ETN coins will bit by bit increment later on. And keeping in mind that there are people attempting to trick others out of their crypto coins, as ETN, Electroneum isn’t a trick. In any case, it is consistently astute to not simply commit to putting resources into an ICO – do your exploration by taking a gander at the organization from all points, read its white paper and if something doesn’t appear to be correct, don’t put resources into it.

impacts on bitcoin miners.

March 12’s bitcoin crash

On March 12, bitcoin suddenly plunged to below $4,000, knocking off half of its value over two days. The plunge in bitcoin price brought the cryptocurrency market down with more than $100 billion wiped off in just a few days.

For bitcoin miners, the crash not only led to the loss of their crypto assets, but also forced a large number of old mining machines such as the S9 models to shut down, which caused the bitcoin hashrate drop from 110E to a low of 85E. On March 26, the bitcoin network witnessed the mining difficulty suffer the second largest drop in history by a sharp 15.95 percent.

The biggest lesson of the March 12 crash for the miners is that they should be careful about using high leverage.

Antminer S19

The most notable bitcoin mining machine this year is Bitmain’s Antminer S19 series. With S19 Pro offering a maximum hash rate of 110 TH/s at a power efficiency of 29.5 J/TH, and S19 models delivering a hash rate of 90 TH/s and 34.5 J/TH energy efficiency ratio, the rollout of these 100T+ mining models are expected to bring miners more profits under a bearish market at that time.

Bitcoin halving

In May, BTC’s block rewards were slashed by 50% to just 6.25 BTC. When it comes to halving’s impact on miners, those who operate old mining models are the first to be affected. While the cheap hydropower during the rainy season in south China and the steady rise in bitcoin price after the halving have allowed a large number of old energy-guzzling miners to keep working.

Electricity from industrial park

A lineup of cities in southwest China with abundant hydroelectric energy have been encouraging bitcoin mining operations by setting up demonstration industrial park to help consume excessive hydropower this rainy season. The electricity offered by the industrial park promotes the standardization and transparency of mining activities, enabling miners to have access to more stable and compliant electricity at a relatively cheap price.

DeFi liquidity mining

In late May and early June, decentralized lending platform Compound took the first lead in DeFi liquidity mining, with its token COMP peaking at $372. The success of Compound has breathed new life into DeFi and led a growing number of projects offering similar incentives for liquidity mining.

Liquidity mining is the act of providing liquidity via cryptocurrencies to decentralized exchanges (DEXs). Since the primary goal of an exchange is to be liquid, DEXs seek to reward users willing to bring capital to their platform. As liquidity mining does not require the purchase of a mining machine, the selection of a mining farm, or the deployment of a pool, it is simple and easy to mine by depositing or lending designated token assets in a DeFi app. The annual rate on return can reach hundreds of percent at peak, while those who mine by using substantial machines are teased as “outdated classic miners”.

However, the bubble burst soon after a short period of frenzy, and many tokens’ prices went for pennies, even heading straight to zero. In the end, it turned out that those “classic miners” had the last laugh, as the explosion of DeFi caused Ethereum network congestion and Gas prices to soar, and some GPU miners’ revenues even tripled over that period

Filecoin mainnet launch

On October 16, Filecoin, a public storage project that had been delayed for more than two years, finally went online. On the eve of the launch day, miners complained that the official FIL pledge rules were too strict and the Filecoin team finally made a compromise after some argues.

BCH fork again

The Bitcoin Cash network, a result of a hard fork from Bitcoin, has split into two new blockchains, again on November 15.

At press time, the price of BCH is 310USDT, and the price of forked coin BCHA is 19.5USDT, less than one tenth of the former. For miners, it is nice to get a free BCHA after the fork.

Ethereum 2.0 and 4G GPU

Ethereum 2.0’s Beacon Chain was launched on December 1. At the time of this writing, the accumulated number of ETH staked in Ethereum 2.0 contract is over 1.79 million and the current annual return rate on staking is around 11.5%.

For miners, the biggest impact of Ethereum 2.0 is its PoS consensus mechanism. Once the current Ethereum PoW chain is incorporated into PoS, the Ethereum miners can no longer mine ETH. For now, however, miners need not worry, as Ethereum could be mined for another year and a half to two years, according to industry veterans.

In addition to Ethereum 2.0, Ethereum miners are also eyeing on 4G GPUs. DAG files are expected to exceed 4G this Christmas, according to Data from Spark Pool. Currently, some 4G GPUs have completed the expansion or are being expanded to 6G/8G. How it will influence the hashrate of the Ethereum network, miners are keeping an eye on it.

Bitcoin price ATH

At the end of this crazy year, Bitcoin price hit an all-time high of more than $20,000 over the past few days. While the mining activities seem to be less affected by the volatile price swings these days. Will large numbers of mining machine flood in and the mining difficulty pose a great increase? It is worthy to be seen for miners.

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however alternative cryptocurrencies, known as altcoins - of which there are currently over 5000 - also bring something interesting to the table.

Each altcoin has its own, unique offering, from faster payment times to more efficient cross-border transactions,  providing a diverse array of benefits that could be better suited to individuals’ needs than the popular head of the family, Bitcoin - depending on what you’re after. Generally, alternative payment methods outside of traditional currencies, including altcoins, are on the rise. Altcoins (and Bitcoin) combine properties of modern money and the likes of gold into a new type of asset which makes it both scarce (like gold) yet easily transferable (like fiat currencies). They can be easily stored, not taken from its holder without their consent, and are accessible to everyone, everywhere.

Altcoins typically fall under a series of categories, including mining-based cryptocurrencies, stablecoins, security tokens, and utility tokens.

Stablecoins Stablecoins are coins that are pegged to an existing asset, such as the US dollar or Euro. One of the most popular examples of this can be seen in Facebook’s Libra, which is pegged to USD. The idea behind pegging a coin to an existing asset is to reduce the price volatility that’s commonly seen with the likes of Bitcoin.

Mining-based coins While coins can be bought like traditional currency, they can also be mined. In short, mining requires the user (or miner) to validate a transaction, ensuring its authenticity, and update the blockchain accordingly - the reward for doing so is the cryptocurrency. An example of a mining-based altcoin is Ethereum - more on that below.

Security tokens Security tokens are a form of investment contract, which promises the consumer equity in a company, profit sharing, or even voting rights, to name a few examples. As such, they’re typically linked to a business and are governed by security laws, meaning there are stricter guidelines on purchasing and transferring security tokens.

Utility tokens Utility tokens provide a user with access to a service. For example, owners of a Filecoin token can spend the cryptocurrency to gain access to the Filecoin network, a decentralised, peer-to-peer network that stores files online.

While exploring all 5000+ altcoins in existence is an impossible task, it’s worth examining and understanding  the defining characteristics of four prominent Bitcoin alternatives, namely: Ethereum, Litecoin, Ripple (XRP) and Bitcoin Cash.

Ethereum Despite the altcoin market existing for around a decade now, and Bitcoin coming into play in 2009, the only cryptocurrency player ever mentioned in its league is Ethereum. Ethereum is a public, peer-to-peer network, with its own cryptocurrency called Ether. It’s biggest difference to Bitcoin is that, while Bitcoin aims to become a globally adopted currency that could replace conventional money, Ethereum is a world computer upon which smart contracts (digital contracts which automatically execute when their terms are met) and decentralised apps can run.

In 2016 there was hype surrounding Ethereum in the sense that people predicted it could even overtake Bitcoin as the most popular crypto asset. Since then, Ethereum’s price has fallen quite considerably against Bitcoin, but it still plays a considerable role as a popular altcoin.

Litecoin Otherwise known as “the silver to Bitcoin’s gold” due to their similar functions, Litecoin was launched in 2011 with the intention of being a global digital payments system. Much like any online payment system - from PayPal to a bank transfer - users transfer litecoin to one another when making payments. However, despite the obvious comparisons to Bitcoin, Litecoin is a cheaper and faster alternative, thanks to the fact that it can process payments four times faster. It aims to process a block (which holds batches of valid transactions) every two-and-a-half minutes, compared to Bitcoin’s 10 minutes.

It’s also cheaper,  costing just one one-thousandth of one Litecoin to process a transaction of any size. Compare that to the transaction fees found with services like PayPal - which charges 3% - and it’s easy to see why Litecoin is seen as the more viable option for everyday transactions and purchases.

XRP Despite its common association with the US company, Ripple, XRP is an independent digital currency, neither owned or controlled by any one entity or person. It is an open-source cryptocurrency with its main strength being the ability to enable cheaper, faster cross-border transactions than other payment networks. Operating on its own blockchain ledger, XRP transactions can take as little  as 3–5 seconds to process, with the cryptocurrency acting as a bridge between different currencies.

Bitcoin Cash In simple terms, Bitcoin Cash (BCH) is a cryptocurrency that branched off Bitcoin. It is not the same currency and it operates across its own blockchain but they share many of the same properties. The main difference between the two coins is that Bitcoin Cash came from a desire to improve Bitcoin as a medium of exchange, rather than an investment medium. With this in mind, Bitcoin Cash is made to facilitate everyday transactions so that they’re cheaper and faster, and it aims to become global digital cash which would compete with payment giants like PayPal and Visa.

Cross-border payments with traditional banks can be slow and expensive. In many cases, it is easier to take physical cash on an aeroplane and give it to the recipient than to make a bank transfer. Bitcoin Cash provides a secure, instant and cheap option for cross-border financial transactions.

With the number of altcoins rising, it’s worth considering more than just Bitcoin when looking into alternative savings, spending or trading options. If it’s a quicker day-to-day payment you’re looking for, Litecoin could be the best coin for you. Alternatively, Ethereum would be better if decentralised apps and smart contracts are what you’re working with. Ultimately, the differences encompassed by different types of altcoins give users options in how best to spend and save. While it might seem overwhelming, a little research goes a long way to helping you find the best altcoin(s) for you.

could overtake gold, becoming the go-to inflation-hedge asset, helping to drive its price through the roof.

Again, this is JPMorgan, one of the most respected and revered houses on the Street.

The backdrop for this analysis is the persistent decline in the value of the US Dollar, which is mired in a lasting bear market that took root last year.

But it isn’t just the Dollar. Fiat currencies around the world are languishing relative to commodities, precious metals, and digital currencies as central banks and governments keep the pedal to the metal on stimulus efforts and the tide of philosophical opinion begins to bend ever closer to full acceptance of the so-called Modern Monetary Theory, which is founded on effectively endless creation of new money bound only by forward inflation.

According to Morgan Stanley and Bank of America analysts, the age of MMT is upon us, and the pandemic has done an awfully good job of expediting that transition, with over $21 trillion in new money stimulus around the world in 2020. The result: a 500% rally in the price of Bitcoin over the past three months, with top analysts suggesting that’s only the tip of the iceberg.

With that in mind, we take a look at some of the top speculative plays in the Bitcoin stock space, including: HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF), ISW Holdings Ord Shs (OTCMKTS:ISWH), Marathon Patent Group Inc (NASDAQ:MARA), and Riot Blockchain Inc (NASDAQ:RIOT).

HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) is a mainstay in the crypto mining investment game. Only recently has the stock started to show lights and bangs and catch everyone’s attention. But, again, this is with good reason.

HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Its deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto coins.

HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) recently announced the purchase of 4,180 MicroBT WhatsMiner M31S+ next generation miners with an aggregate operating hash power of 334 Petahash per second (PH/s) as it continues to expand its bitcoin mining operations.

According to the release, with the addition of these 4,180 MicroBT WhatsMiner M31S+ Miners, HIVEs aggregate operating hash rate from Bitcoin mining to almost double to an estimated 653 PH/s. Based on the orders that have been placed, this new equipment is expected to be delivered in 9 tranches in 2021, with 180 miners delivered in April and 500 miners delivered in each month in the remainder of calendar 2021 commencing with May delivery.

And the stock has been acting well over recent days, up something like 5% in that time.

HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) generated sales of $17.3M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 89.9% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($22.1M against $12.6M).

ISW Holdings Ord Shs (OTCMKTS:ISWH) is another increasingly interesting emerging player in the Bitcoin space. The company has partnered with Bit5ive, LLC, to design and build an industry-leading self-contained plug-and-play mining pod capable of powering megawatt mining operations with an industry leading PUE. They accomplished this in Q4 of last year. The mining pod will launch this month.

In addition, as announced this morning, the company has also been converting its cash into bitcoin, doing another $20k this week. According to the company, its first transaction as part of this initiative was completed in March 2019, when Bitcoin was just $4k/coin. It has risen over 750% since that time.

ISW Holdings Inc (OTCMKTS:ISWH) shares have been locked in a rapid ascent over recent weeks, powering as much as 2,200% higher since October, as it gets ready to fire up its mining solution.

“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.”

But it is also running on its telehealth segment’s success. According to company materials, it ended the year with its seventh straight quarter of sequential revenue growth, and continues to project 2021 revenue growth of as much as 500% on a year-over-year basis this year (from a base exceeding $1 million in 2020) in its Telehealth and Home Healthcare Solutions segment, which is separate from performance related to its Cryptocurrency Mining and Mining Equipment segment.

ISW Holdings Ord Shs (OTCMKTS:ISWH) has demonstrated rapid topline growth in its home healthcare operations with six consecutive quarters of sharp sequential growth. Its most recent quarter put the company on an annual run-rate to pull in more than $1.5 million in revenues not counting what appears to be significant growth brewing in its Proceso cryptocurrency mining and mining equipment segment over coming months.

Marathon Patent Group Inc (NASDAQ:MARA) mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.

The company currently operates its proprietary Data Center in Hardin MT with a maximum power capacity of 105 Megawatts. Once fully deployed, the Company will have 21,500 Antminer Bitmain S-19 Pro Bitcoin Miners in operation at this facility. The Company also owns 2,060 advanced ASIC Bitcoin Miners at a co-hosted facility in North Dakota.

Marathon Patent Group Inc (NASDAQ:MARA) most recently announced that it and DMG Blockchain Solutions Inc. have entered into a non-binding memorandum of understanding to form Digital Currency Miners of North America, which will be a U.S.-based non-profit entity whose mission is to create a better mining environment for North American miners, to help improve their financial performance, and to create North America’s first cooperative mining pool.

According to the release, Marathon Patent Group and DMG’s U.S. subsidiary, Blockseer, are working together to establish DCMNA, a non-profit entity focused on North American digital currency opportunities, including decentralizing the Bitcoin hashrate and providing more transparency for North American miners. DCMNA’s principal initiative is to create North America’s first cooperative mining pool by licensing Blockseer’s mining pool to all DCMNA members in a cooperative structure. Mining partners who are members will receive rebates based on the hash rate they contribute to the overall pool, thus improving the mining profitability of DCMNA members.

If you’re long this stock, then you’re liking how the stock has responded to the announcement. MARA shares have been moving higher over the past week overall, pushing about 11% to the upside on above average trading volume. Shares of the stock have powered higher over the past month, rallying roughly 152% in that time on strong overall action.

Marathon Patent Group Inc (NASDAQ:MARA) managed to rope in revenues totaling $835K in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 159.6%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($17.7M against $1.1M).

Riot Blockchain Inc (NASDAQ:RIOT) holds non-controlling investments in blockchain technology companies and is one of the most readily identified on any list of stocks in the crypto space. It’s a mainstay for traders in the space at this point, and for good reason.

Shares have vaulted higher as Bitcoin has powered ahead over recent months. The company’s primary mining facility is located in Massena, New York under a colocation agreement with Coinmint.

Riot Blockchain Inc (NASDAQ:RIOT) most recently announced an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited (“Bitmain”). The approximate $35 million purchase is comprised of 3,000 S19 Pro Antminers (110 TH) and 12,000 S19j Pro Antminers (100 TH). These additional miners are scheduled for receipt and deployment starting in May 2021 and continuing through October 2021.

According to the release, this new order of miners, combined with the Company’s prior miner purchases, is expected to significantly increase Riot’s estimated bitcoin mining hash rate from the previously announced 2.3 EH/s to 3.8 EH/s. The Company has been receiving and deploying new miners consistently through 2020, including this new purchase; the delivery schedule continues into the fourth quarter of 2021.

The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 18% in that timeframe. Shares of the stock have powered higher over the past month, rallying roughly 84% in that time on strong overall action.

Riot Blockchain Inc (NASDAQ:RIOT) generated sales of $2.5M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 26.8% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($39.1M against $1.3M).