The development for the WildRig Multi AMD GPU miner continues with the latest 0.12.9 Beta bringing some more performance improvements for various supported algorithms on the table. It fixes the hashrate drops observed with X22i and adds performance improvements for that algorithm up to about 10% compared tot he 0.12.8 release that also brought some speed improvements for all algorithms. There is also a slight boost in performance for the X16r, X16s and X17 algorithms in the latest update.
Since all of the virtual currencies remain a speculative asset, investors should avoid buying them for their retirement portfolios, says Jason Spatafora, co-founder of Marijuanastocks.com and a Miami-based trader and investor. Cryptocurrencies made up less than 2 percent of his portfolio a few months ago, but he is no longer trading them because of the extreme volatility.
Today we're going to show you how to mine Monero on a Mining Pool. Monero (XMR) is a Cryptonote algorithm based cryptocurrency, it relies on Ring Signatures in order to provide a certain degree of privacy when making a transaction. Monero is a Proof of Work cryptocurrency that can be miner with computational power from a CPU or GPU. There are currently no ASICs for Monero, which means that anyone with a computer can mine it.
The latest CryptoDredge Nvidia GPU miner version 0.10.0 available for both Linux and Windows comes with improved performance in a number of the supported algorithms and adds support for the HMQ1725 algorithm. The hashrate improvements cover the X22i, BCD and X17 as well as the Skunkhash performance boost for the 0.9.7 if you have missed that update as well. Currently the CryptoDredge 0.10.0 is the fastest Nvidia GPU miner for the X22i algorithm used by the SUQA project, so if you are mining SUQA coins at the moment on Nvidia mining rigs with other software you should definitely switch to he latest CryptoDredge. Do note that the CryptoDredge miner supports only Nvidia GPUs and is a closed source software that comes with 1% built-in developer fee and with binaries available for both Windows and Linux (CUDA 9.1/9.2/10.0).
Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin Magazine, in late 2013 with a goal of building decentralized applications. Buterin had argued that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed development of a new platform with a more general scripting language.:88
Keep in mind, Coinbase charges a 3.99% processing fee for all credit card transactions. I’d recommend using a credit card that gives you at least 3% cash back so you can offset some of the fees (I’ll cover the fee structure in more detail in the next section). You can use PayPay for selling currency, buy not buying currency; for PayPal the funds are available instantly but have lower payout limits. The bank account is usually your best bet.
For local cryptocurrency enthusiasts, these slings and arrows are all very much worth enduring. They believe not only that cryptocurrency will make them personally very wealthy, but also that this formerly out-of-the-way region has a real shot at becoming a center—and maybe the center—of a coming technology revolution, with the well-paid jobs and tech-fueled prosperity that usually flow only to gilded “knowledge” hubs like Seattle and San Francisco. Malachi Salcido, a Wenatchee building contractor who jumped into bitcoin in 2014 and is now one of the basin’s biggest players, puts it in sweeping terms. The basin, he tells me, is “building a platform that the entire world is going to use.”
Malachi Salcido: The Local Talent Salcido, a Wenatchee native and building contractor, studied other miners before launching his own bitcoin operation in 2014. He’s now one of the biggest miners in the basin, and has worked hard to convince the community that bitcoin and the blockchain could transform the region into a technology hub. “What you can actually do with the technology, we’re only beginning to discover,” says Salcido, pictured above in one of his mines. The basin is “building a platform that the entire world is going to use.” | Patrick Cavan Brown for Politico Magazine
There are many other strategies traders use to predict trends, which I won’t get into today. These include Head and Shoulders, Trend Lines, Support and Resistance patterns and Candlesticks. Here’s a great article explaining each of these in a little more detail. Within the GDAX dashboard, you will find a price chart that looks similar to the one above, accompanied by four other sections in the same viewport:
Meanwhile, the miners in the basin have embarked on some image polishing. Carlson and Salcido, in particular, have worked hard to placate utility officialdom. Miners have agreed to pay heavy hook-up fees and to finance some of the needed infrastructure upgrades. They’ve also labored to build a case for the sector’s broader economic benefits—like sales tax revenues. They say mining could help offset some of the hundreds of jobs lost when the region’s other big power user—the huge Alcoa aluminum smelter just south of Wenatchee—was idled a few years ago.
HIGH RISK INVESTMENT WARNING: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the products offered by BitcoinTradingWorld you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. BitcoinTradingWorld provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. BitcoinTradingWorld recommends you seek advice from a separate financial advisor.
Historically, bitcoin prices have exhibited high volatility. In absence of regulations, volatility can be used by the unregulated brokers to their advantage and to a trader’s disadvantage. For example, assume the intraday bitcoin rate fluctuates from $500 to $530 U.S. dollars per bitcoin. For an incoming deposit of 2 bitcoins, the unregulated broker may apply lowest rates to credit the trader $1,000 (2 bitcoins * $500 = $1000). However, once the trader is ready to make a withdrawal, the broker may use the lowest exchange rate and instead of the original 2 bitcoins deposited, the trader only receives 1.88679 bitcoins ($1,000/$530 = 1.88679 bitcoins). In reality, the unregulated broker may be exchanging bitcoins and dollars at say $515, and pocketing the difference at the expense of the client. (For more see Why Is Bitcoin's Value So Volatile?)
The bitcoins can also be stored in online wallets. There are specialized websites that offer bitcoin wallet services. However due to these sites being a frequent target for hackers, keeping bitcoins in online wallets is not recommended when you can easily store them offline on your computer. Wallets can be useful for storing small sums of bitcoins so that you can make quick online purchases. Some of the more popular wallet services are Blockchain and CoinKite.
Changelly, the cryptocurrency exchange with over 700,000 customers on board aims to eliminate the technical barriers of traditional trading platforms by using an automatic trading robot that integrates Bittrex, Poloniex, and other leading trading platforms. Basically, it allows traders to trade virtual currency without needing verification or registering at any cryptocurrency exchange. Changelly asks exchanges to suggest the best rates available on trading pairs and operates by making bids. It processes more than 50,000 BTC on a monthly basis and offers seamless and instant conversion of 80+ tokens and altcoins. Changelly make how to buy cryptocurrencies easy.
MakerDAO is the project behind Dai, a second-generation stablecoin offering which very carefully enables the issuance of the US dollar on the Ethereum blockchain. The mechanics can appear complex, but Maker offers a helpful “for dummies” explanation that does not require one to be an expert economist or Ethereum developer to grasp. Author Gregory DiPrisco explains the difference between Dai and, for instance, Tether:
Bitcoin was the first cryptocurrency to utilise the technology, and subsequent growing pains have led to ‘forks’ in the process. This resulted in the introduction of Bitcoin Cash. Other currencies then tried to improve the process, both in terms of speed, but also, costs and energy requirements. Ripple, Ethereum and Litecoin all claim to be superior to Bitcoin.
Bitcoin trading really is not much different to any other asset you can trade - maybe just a bit more volatile, but that is a good thing if you want to trade it! You will have to devide whether or not to trade the asset (bitcoin) itself or some derivative (financial “bet”). I recommend the latter as it allows you to participate in both bull and bear markets. If you simply buy the asset (Bitcoin) you can only participate in rising prices. The derivative also allows you to leverage your position. Having that said : LEVERAGE IS A DOUBLE SIDED SWORD! Whenever you trade with leverage make sure you are mentally ready to lose everything that is on your trading account (in other words: make sure not to put too much money on your trading account). Moreover, do not trade something you do not understand!
If you’re European, Bitstamp is your best bet to get some bitcoins at a low cost. The company is based in Slovenia, part of the EU. Deposits by SEPA are free, withdrawals are charged a fixed 0.90€ fee once the funds are converted to Euros. Because Bitstamp only offers trading in BTC/USD (Bitcoin versus the US Dollar) all Euro transfers are immediately converted to Dollars. If you want to withdraw by SEPA, you have to convert your funds back to Euros.
Then as I sit here and write this on September 3rd, 2017, the Chinese government announced a few hours ago that they are banning all organizations and individuals from raising funds through Initial Coin Offering (ICO). They barred all banks and financial institutions from doing business related to ICO trading. This is significant news, although not a surprise to many people, as representatives from the People’s Bank of China and China Securities Regulatory Commission had previously criticized ICOs as an unauthorized fundraising tool that may open the door to financial scams. (I will explain ICOs in the last section).
Granted, all that real-worlding and road-hitting is a little hard to visualize just now. The winter storms that have turned the Cascade Mountains a dazzling white have also turned the construction site into a reddish quagmire that drags at workers and equipment. There have also been permitting snafus, delayed utility hookups, and a lawsuit, recently settled, by impatient investors. But Carlson seems unperturbed. “They are actually making it work,” he told me earlier, referring to the mud-caked workers. “In a normal project, they might just say, ‘Let’s just wait till spring,’” Carlson adds. “But in bitcoin and blockchain, there is no stopping.” Indeed, demand for hosting services in the basin is so high that a desperate miner offered Carlson a Lamborghini if Carlson would bump him to the head of the pod waiting list. “I didn’t take the offer,” Carlson assures me. “And I like Lamborghinis!”
It is interesting to note that a major bitcoin rally started right after the Silk Road shutdown, somewhat dispelling critics arguments that the virtual currency was mainly used as a tool for facilitating drug trafficking. In the months following the site’s closure, several major online and offline businesses started accepting bitcoins. These include major US retailers like Overstock.com and Tiger Direct. The CEO of Overstock.com reported that the company logged more than 800 purchases using Bitcoin on the first day they started offering the new payment solution, totalling $130,000. The company estimates that Bitcoin buyers have made $500,000 in purchases in the first 14 days since the new payment option was offered.
In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network. The rate of generating hashes, which validate any transaction, has been increased by the use of specialized machines such as FPGAs and ASICs running complex hashing algorithms like SHA-256 and Scrypt. This arms race for cheaper-yet-efficient machines has been on since the day the first cryptocurrency, bitcoin, was introduced in 2009. With more people venturing into the world of virtual currency, generating hashes for this validation has become far more complex over the years, with miners having to invest large sums of money on employing multiple high performance ASICs. Thus the value of the currency obtained for finding a hash often does not justify the amount of money spent on setting up the machines, the cooling facilities to overcome the enormous amount of heat they produce, and the electricity required to run them.
The proof-of-stake is a method of securing a cryptocurrency network and achieving distributed consensus through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run difficult hashing algorithms to validate electronic transactions. The scheme is largely dependent on the coin, and there's currently no standard form of it. Some cryptocurrencies use a combined proof-of-work/proof-of-stake scheme.
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. ...
This bizarre process might not seem like it would need that much electricity—and in the early years, it didn’t. When he first started in 2012, Carlson was mining bitcoin on his gaming computer, and even when he built his first real dedicated mining rig, that machine used maybe 1,200 watts—about as much as a hairdryer or a microwave oven. Even with Seattle’s electricity prices, Carlson was spending around $2 per bitcoin, which was then selling for around $12. In fact, Carlson was making such a nice profit that he began to dream about running a bunch of servers and making some serious money. He wasn’t alone. Across the expanding bitcoin universe, lots of miners were thinking about scaling up, turning their basements and spare bedrooms into jury-rigged data centers. But most of these people were thinking small, like maybe 10 kilowatts, about what four normal households might use. Carlson’s idea was to leapfrog the basement phase and go right to a commercial-scale bitcoin mine that was huge: 1,000 kilowatts. “I started to have this dream, that I was posting on online forums, ‘I think I could build the first megawatt-scale mine.’”
The decentralized and transparent nature is what makes blockchain highly secure and almost impossible to hack, because a hack to one ledger would cause a discrepancy in the entire network that will be ignored. Functionally, to hack the ledger one would have to hack all the computers on a network at the exact same time in order to change the “average”. For a currency like bitcoin, this would mean millions of computers. So the larger the network, the more stable the currency.
Binance Update: Binance offers $250,000 reward for details that lead to arrest of hackers. The China-based cryptocurrency exchange began live trading in July 2017, so is fairly new to the crypto exchange world. However it has proven itself thus far to its clients, with its robust charting software and both basic and advanced interfaces attracting novice and expert traders. We've written an in depth analysis of Binance
A notable example of this was FBI’s shutdown of the ‘’Silk Road’’ marketplace. The website had over 10,000 products for sale, 70% of which were drugs that are illegal in most countries. Around 340 different varieties of drugs were offered on the site. The site functioned as an ‘’Ebay for drugs’’, connecting buyers with sellers and not doing any dealing themselves.
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The cool thing is that blockchain technology can be used for much more than financial transactions. It was designed to not have a single point of failure, and to be fully transparent. That's why you see it rapidly emerging in the gaming space, too. It can be utilized for secure cloud storage distributed across thousands of computers. Physical objects could conceivably be given unique digital ownership or identities. Anything of value can be integrated with blockchain technology. The possibilities at this point are endless and reliant on the imaginations of developers.