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Cryptocurrency mining is a process through which businesses/persons with high-powered computers and servers compete against each other in order to solve extremely complicated mathematical equations – result of the encryption which is designed to protect transactions on a blockchain network. Top cryptocurrencies use mining process; however, others use different methods.

top cryptocurrencies

There are other factors that you

keep in mind, since there are inflated costs included in the crypto mining, as well.

must

  • Thousands of servers, processingunits, and hard drives are used for solving complex equations, making it a highly intense electricity practice.
  • This doesn’t only increase the electric bill, but also creates a lot of heat, so a cooling system might be required for it as well.
  • Likewise, hardware becomes outdated real-quick, so miners are also required to upgrade their equipment on daily basis to remain competitive.

Mineable Cryptocurrencies

All virtual currencies are not mineable. Mineable cryptocurrencies are:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Litecoin
  • Monero
  • Dash

However, other cryptocurrencies like Ripple, E

 

OS, Cardano, Stellar, IOTA, and NEO, use a different technique of transaction validation, which is known as “proof of stake.”

Cryptocurrency mining isn’t viable for everyone, though it has been lucrative. There are many ways through which investors can gain exposure to crypto mining.

 

AMD and NVIDIA

The most protuberant names of the bunch are:

  • NVIDIA
  • Advanced Micro Devices (AMD)

They are quite popular for their PC-based microprocessors and graphics card, respectively. However, no company has been impending related to how much of their sales are linked to cryptocurrency mining, but at the same time, each company has evidently profited from the sale of graphics processing units (GPU).

 

In reality, the demand for GPUs is quite strong and the price of graphics cards, including the new and the old ones is also increasing. This truly makes a little bit of a conundrum for both AMD and NVIDIA, as AMD is more commonly known. The main customers of both companies are potential gaming enthusiasts as well as enterprise customers.

If cryptocurrency mining demand keeps on plucking the supply from the market, the high price for graphics cards could come as an upheaval amid AMD and NVIDIA’s customers. On the other hand, if these companies make a product just for cryptocurrency mining, they will probably cut down the prices by cumulative supply and cram the sales.

Although both companies surely have so much going on outside the cryptocurrency mining industry, but still there’s a possibility that their share prices could consider the ebbs and tides of virtual currency token prices – consequently, making it something unforgettable.

 

TSMC (Taiwan Semiconductor Manufacturing Company)

Taiwan Semiconductor Manufacturing Company is among growing cryptocurrency mining stocks and isn’t really keen on revealing its sales percentage.  TSMC reported strong first-quarter functioning results last week, including a 6% upsurge in its sales from the prior-year period. The co-CEO and president of TSMC, C. Wei, explicitly said that these consequences were largely driven by robust demand for high-performance computing like “cryptocurrency mining.”

 

HIVE Blockchain Technologies

Well, if you want cryptocurrency mining exposure deprived of running your particular own mining operation, there is over-the-counter exchange-listed HIVE Blockchain Technologies. This widely traded cryptocurrency mining firm is trying to ramp up its operations in Iceland and Sweden at this time – envisions making almost $150 million in revenue every year from its operations.

Iceland and Sweden provide commercial kilowatt-per-hour electricity prices; below the European average. In addition to that, these are comparatively temperate nations, which could help in keeping mining equipment imperturbable.

Even with being a cryptocurrency mining start-up, HIVE Blockchain has already turned a revenue in its latest reported quarter. Certainly, the $149,724 in revenue was insignificant and resulted in $0.00 in returns per-share. It seems like HIVE could make over 10 times – each quarter when completely ramped up.

HIVE Blockchain isn’t specifically selling all of the tokens that it is mining. It does hang on to few of these coins, hoping they will appreciate in value. Consequently, HIVE directly allows an investor to access crypto mining margins, along with the movement in a trickle of some reputable digital currencies. However, some risks are also included.

Risks

  • As long as the business is totally devoted to cryptocurrency mining and lacks sales diversity, investors must know that if virtual currency prices drop significantly, their investment in HIVE could also drop.
  • Also, if you want to raise capital, it won’t be astonishing if HIVE Blockchain dilutes current investors through “bought-deal offerings.”

These are some risks that stock investors must have to endure; especially if they want to directly access a publicly-traded crypto mining stock.

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Is the Value of Bitcoin Interrelated to its Google searches?

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The price of Bitcoin has a 91% correlation to its volume of Google searches, according to a search engine marketing agency known as SEMrush.

 

Image credits: steemit

 

Basically, this means that the number of Google searches related to “Bitcoin value” fluctuate with the price of google Bitcoin. In simple words, when the price goes high, more people are attracted to it and as it begins to drop, people become less interested.

How was this study conducted?

SEMrush discovered from a database of 120 million US keyword searches that were linked to bitcoin. Some of them are listed below:

“Bitcoin”

Bitcoin price”

“Bitcoin news”

“Bitcoin value”

The total number of Bitcoin and Bitcoin search volume was said to be approximately around 51,400,000 last year.

 

Is the case study simply approving the obvious?

Perhaps. As mentioned earlier, the interest of people is dependent on the price. The higher the price, the more the number of searches online.

Regardless, it’s quite interesting to note this connection and to discover that the numbers actually support what we might be assuming.

image credits: steemit

Statistics:

Since April 2017, the number of bitcoin searches has climbed up by 450%.  During this time, the value of bitcoin had gone up from around $1,076 to a new hit of $5,000 just a couple of weeks ago.

 

Will it Predict the Price of Bitcoin? – That is the Question

Unfortunately, no. That is not the case and it’s silly to think that a search engine would be easily able to predict the price of the world’s most popular cryptocurrency.

 

Story Credits: steemit

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Blockchain wallet

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Blockchain wallet

Blockchain provides secure wallet to its users with options to do transactions. After a year, you are able to buy bitcoin with debit or credit cards as well as bank transfer.

Whereas, blockchain is an online wallet that allows the people to do transactions anywhere in the world. It is like get set go to transactions. Accordingly, users of this technology want to stay up to date with this network. Which is strongly protected by the cryptography.

This wallet is just like your local bank account. Where you have the authority to save money or spend it in different ways. In the same way, you have to open an account with blockchain. where with complete authority you will be able to store your bitcoin.

Furthermore, you are free to convert your bitcoin to the cash for the sake of payments. The process of creating an account with blockchain will take few minutes.

Funding in blockchain and Peter Smith’s statements

CEO of the blockchain Peter Smith says, “This announcement represents a giant step forward in making bitcoin, still a nascent currency, a more compelling and efficient financial solution for new users.”

Furthermore, the blockchain is the world’s most famous funding startups with $30.5 million in 2014. Whereas, the wallet has nearing 10 million users. Company claims about, “The world’s biggest provider of digital wallets for bitcoin, with over 50% market share. Over 150,000 transactions a day on average.” And android version downloaded 500,000 to 1 million times.

Now, we are going to discuss blockchain wallets in detail.

Steps to make an account on blockchain

  1. when you have done with your verification to make an account then look up your new wallet dashboard.
  2. when you have done with your verification to make an account then look up your new wallet dashboard.
  3. Open a website of blockchain info to read some information about the blockchain wallet.Blockchain wallet
    1. when you visit blockchain website, click the button create the account.

    Blockchain wallet

    1. Here, you need to download the registration form. It will ask some verifications regarding your email address. Then, in that scenario, you have to use your email id and create a strong password. Accordingly, use the password consist 16 words including letters, digits or characters.

    Blockchain wallet

  1. when you have done with your verification to make an account then look up your new wallet dashboard.

Blockchain wallet

Here, you have blockchain wallet account with 0 BTC. Here, you have complete authority to in-cash your BTCs.

5. Verify your email id associated with your wallet. And login with new blockchain wallet.

Blockchain wallet Blockchain wallet

  1. Now, you have to secure your wallet. where get your back up phrase, enter your mobile number and blocking IP that suspects to be part of anonymous from the network.

Blockchain wallet

Blockchain wallet

Blockchain wallet services

Here, we are going to know about services of the blockchain programmatically. Few of the content of services are given below.

Getting started

If you are using this API, you need to must run the local service, doesn’t matter it is small. wallet. In addition, your service and application is connecting via API. Here, you have to complete some steps, are;

  • follow the installation instruction and completes it
  • start the server; $ blockchain-wallet-service start –port 3000
  • start interacting with your wallet pragmatically

Your application and wallet service is running locally on the same machine. Moreover, except localhost. Therefore, make you sure the appropriate rules to prevent authorize use. If you want to accept this service an external connection.

You need an API code for higher request limits and wallet creation.

Upgrading

You have to complete the requirements of the site if you already use blockchain info’s wallet API. In addition, replace calls to blockchain.info/merchant/… with localhost:<port>/merchant/….

API Documentation

New blockchain wallet

This method is used to create an account through blockchain info, here is an example;

localhost:3000/API/v2/create
utilize the method of POST or GET

Password: New Password must contain 10 characters.

API_code: An API code with creating wallets permission.

Preview: A private key is optionally add to the wallet.

Label:  Label is set first address in wallet ,which is optional

Email:

creating an email address with this wallet on the behalf of. optional

create wallets with the permission from create and code.

Blockchain wallet

Your payments

Parameters:

  •  required bitcoin address
  • the amount must be in Satoshi
  •  your wallet password
  •  in case of second wallet, required wallet password.
  •  API code is optional
  •  bitcoin address or account index is optional
  • the fee may or may not in Satoshi, is optional

 

 

Blockchain wallet

Send it to Many

Parameters:

  •  bitcoin address as keys and Satoshi amounts as value are required.
  •  required main wallet address
  • your second address is required
  •  wallet API code is optional
  •  bitcoin address or account index is optional
  • the fee may or may not in Satoshi, is optional

Blockchain wallet

Blockchain wallet

Fetch Wallet Balance

Parameters:

  •  main  wallet address is required
  •  API code is required

Sample,

Blockchain wallet

List Addresses

Parameters:

  •  required main wallet address
  •  API code is optional

Sample,

Blockchain wallet

Fetch Address Balance

Parameters:

  • requird address to fetch balance
  • required main wallet password
  •  API wallet code is optional.

Furthermore, there is no confirmation parameter.

Sample,

Blockchain wallet

Generate Address

Parameters:

  •  required main wallet password
  •  label to give an address is optional
  •  API code is optional

Sample,

Blockchain wallet

Archive Address

Parameters:

  •  required an address to archive
  • required your main wallet password
  • API code of wallet is optional

Sample ,

Blockchain wallet

Unarchive Address

Parameters:

  • required an address to unarchive
  •  required main wallet password
  •  API code of the wallet is optional here.

Sample ,

Blockchain wallet

Enable HD Functionality

Parameters:

  • required your main wallet address
  • API code is optional

These wallets allow the use of accounts.

List Active HD Accounts

Parameters:

  • main wallet password is required
  • API code is optional

List  xPubs

Parameters:

  •  main wallet password is required
  •  API code is optional here

 New HD Account

Parameters:

  •  its optional when you are labeling to assign to the newly created account
  • required main wallet password
  •  API is optional here

Get Single Account

Parameters:

  •  required main wallet password
  •  API wallet code is optional

 HD Account Receiving Address

Parameters:

  •  required main wallet address
  • API wallet code is optional

Check account’s balance

Parameters:

  •  main wallet password is required
  • API code is optional

Archive  Account

Parameters:

  • required main wallet password
  • API wallet code is optional

Unarchive  Account

Parameters:

  • the main password is required
  •  API wallet code is optional

RPC

starting RPC server which is bitcoin-compatible RPC API. Whereas, blockchain wallet service start RPC, In addition, RPCssl is not supported and different from server API

 

  • .this method does not support the listsin block
  •  list received by the address and param min confirmation is not supported for methods
  •  This confirmation not supported to get balance
  • list accounts don’t have support from the method.
  •  transactions have a different format

Installation

Nodejs and npm are required to install and use this API service. Installation:  by using this API service, Nodejs and npm are needed to install. Moreover, you need to make sure that you are using the latest version.

 check your version:

blockchain service V

update the latest version:

npm update -g

Requires:

  • node >= 0.12.0
  • npm >= 2.12.0, < 3.0.0

some troubleshooting is given below, during the installation.

Troubleshooting

following are few installation error .if you find some error in installation use sudo command for installation

Startup

if your node is installed with different name, then creat a symlink to your binary. In addition , install node through node version manager.

Runtime

  •  it may show the arror of not method compare. whether, it is because of old versiom , in that scenerio , update your version
  •  and , if you do not install jawa , you may face the wallet decryption error.

Timeout

  •  when you are using un recognize browser or IP address , you may get time out response. In addition, authorization from your blockchain wallet may be required.

Usage

Once installation is complete, you are free to use blockchain service

claim 

  •  h-help
  •  V- version number output
  •  c- currency directory as wallet service moduale.

Commands

this command will start service efficiently to make blockchain wallet APIV2 on a specific port.

Command options

h-help

p-to run the server, you needs the port number

b-bind

ssl- it’s optional the path to your key

ssl-cert – SSL get certificate

bind to 0000, to open service for all incoming connections

RPC- start 

this command will start JSON RPC server.

command option

k- for server request use API

P-RPC server port

b-bind to an ip

e.g.

start service on 3000 port, start wallet API

Development

  1. Clone
  2. Run and install npm
  3. start npm
  4.  the development server is running on 3000 port

this is useful to create a symlink to my wallet V3, especially when you are developing blockchain wallet client alongside

Test

Test: npm

composition 

these  parameters may be configured in

  •   running server default is 3000
  •  ip address to bind and the default is 127.0.0.1

 Deployment

Furthermore, if you use blockchain service in UNIX server. you just need to run “nohup, blockchain wallet service with port 3000.

 

Good luck!

 

 

 

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How to Protect Your Privacy and Bitcoin Security Online?

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Bitcoin Security Online

In today’s world, maintaining online privacy and security has become quite a big deal. Despite all the technological advancements, the hackers are still able to find ways to breach the security of internet users – especially those involved in Bitcoin transactions.

Since Bitcoin is the most valuable form of digital currency out there, hackers particularly target those who prefer to store their wealth in the digital realm.

But it’s not only hackers that are stealing your data. Government and non-state actors also spy on your personal information. But don’t worry, there are many steps that one can take to secure his online privacy and the Bitcoin security.

First, we will talk about how to protect your privacy online.

How to Protect Your Bitcoin Online:

Online Bitcoin Security:

Web Browsers That Are Privacy-Centric:

There are very few browsers that put user privacy on top of their priority list. Brave browser, Mozilla’s Firefox and Tor browser are few to name.

Here is a brief idea as to how each of these browsers works:

Brave browser:

  • Blocks ads
  • Blocks tracking applications
  • Uses bitcoins incentives to give users a better experience

Mozilla’s Firefox:

Mozilla Firefox is a great tool if you want extensions that focus on security and confidentiality of a user.

Tor Browser:

One of the top-notch browsers that provide complete anonymity to its users. Some highlights of Tor browser include:

  • Hides IP
  • Obscures the proxies
  • Allows users to surf websites that are not indexed on traditional browsers like Google Chrome.

Use a VPN:

A Virtual Private Network (VPN) changes a user’s IP address and server location. Moreover, they provide re-routing and encryption which provide the users with complete anonymity. As a result, third parties are unable to track the location and interfere with the privacy of a user.

Use Email/Messaging Services That Provide End to End Encryption:

Use privacy-focused email services such as Tutanota, Protonmail, etc. as they provide end to end encryption. These services are extremely useful to communicate with other users without giving away your personal details.

You can also read our guide on the safest Bitcoin wallets to ensure the safety of your Bitcoin assets.

How to Protect Your Bitcoin Online?

Following are the ways that can help you keep your bitcoin safe from a security threat.

Multi-Signature Transactions:

The system requires more than one person and keys to authorize a Bitcoin transaction. It’s a digital signature scheme and protects the cryptocurrency from being spent without informing all the signers.

Cold Storage:

The system involves storing your assets offline. Cold storage helps to keep your bitcoins away from intruders. The cold storage techniques can store online wallets, offline wallets, paper wallets and other forms of protected media.

Backing Up the Information:

Most the privacy and security-focused services use passwords, PINs and secret phrases to gain access. Backing up these details so they won’t be lost is a good idea.

Learn how to backup Bitcoin wallet and other related information here.

Make copies of your security codes, PINs, password and store them in secure, offline location. If you don’t backup the information and, unfortunately, lose your wallet – there is no way to recover the lost assets.

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Will The Violent Closing of Crypto Hedge Funds Also Persist In 2019?

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According to some financial observers the future of cryptocurrency hedge fund could face a harsh and violent transformation during 2018. It has also been predicted that 10 percent of these hedge funds could shutdown during the next few months. Even Bloomberg reported recently that the continuous decrease in the prices of cryptocurrency assets have played a critical role in the slowdown of hedge funds. This prediction seems to be true as far as the ratio of crypto hedge funds opening is concerned which decreased continuously during the current year as compared to their launch rate in 2017 which was over 170. The situation has totally changed now as during the first three months of 2018 only 20 new players showed their existence on the scenario and shutting down of previous funds also continues.

cryptocurrency hedge fund

Reasons For This Downfall

According to latest hedge fund news the main reason for all this downfall can be the significant reduction in price of cryptocurrency this year, this decrease in price of automatically affected the relative hedge funds resulting in losses and closings of their doors for 2018. The ultimate decrease in price of Bitcoin and other cryptocurrencies has not been good for the health of hedge fund business. Regulatory uncertainty has also played its role in all this scenario.

 

Alpha Protocol is one of the recently closed funds which directly cited “potential regulatory and market risks” as main reasons for its decision to refund deposits. A statement was issued by its co-founder that new capital rate had slowed down and it was getting difficult to survive even for a high profile fund like Alpha Protocol.

Which Crypto Funds Were Affected Most?

Among those companies which had to freeze their operations, Crowd Crypto Fund and Alpha Protocol are on the top of the list. It has been reported that a total of 9 hedge funds revolving around cryptocurrency were shut down since December 2017. In addition to the shutdown of various funds, some of the investors have reverted to their previous investment plans which proved to be more secure than the crypto based hedge funds.

 

Alongwith unsure market health, regulatory uncertainty was also responsible for this downfall. Rumours have been circulating that the US Securities and Exchange Commission is fully prepared to check approximately 100 hedge funds in the near future while there are still more than 200 active hedge funds in operation.

 

Whatever the reason may be, all that discussion means that the cryptocurrency hedge fund business must evolve itself in order to compete with the regulatory uncertainty lying ahead.

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