How to mine Cryptocurrency

 

You probably would have heard about mining Cryptocurrency in order to make Cryptocurrency of your own. To mine Cryptocurrency, you must need systems with good hardware. People who started bitcoin mining in 2009 are the owners of thousands of dollars today. You can easily create a small part of the income using Bitcoin mining.

Getting Started

Getting started is easy. You can easily start mining Cryptocurrency and start making money of your own. You will need the following hardware to get started

  • Graphics Processing Unit
  • Mining ASIC chip

Once, you have both of these things on your machine, you can start mining Cryptocurrency. You will need some softwares and other things as follows

  • A stable and fast internet connection
  • Coin wallet
  • Mining Software
  • Mining Pool membership

There are various free mining tools available and also you can find many online mining Pools. It is basically a community of the people where all of the users combine their usage to generate more amount of profit and to mine more Cryptocurrency.

How to mine?

Now, you might be thinking how to invest in Cryptocurrency and how to mine it and the best cryptocurrencies to invest in and finally start generating some income. First of all, makes sure you have all the following requirements as stated. You can follow the steps to get started

  • First of all, turn on your machine and make sure you have an active internet connection
  • Once done, open the mining software and enter the details of the configuration
  • You will be asked the mining pool address, coin wallet address, etc. Enter all of them and enter your miner IP address
  • Once you have done all these steps, you are all set to mine the Crypto
  • Keep the machine turned on and you will see the mining process has been started
  • At the end of the day, you will have some of the coins mined with your own machine.

Conclusion

It really depends on your hardware to mine more Cryptocurrency. Therefore, to increase the amount of the Crypto you are generating, you will need to upgrade your GPU to make more.

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ENJIN and Samsung Partnership 

You might have heard the news that Enjij Coin (ENJ) is now in partnership with Samsung. The partnership is done in order to get help for the development of the new S10’s Crypto wallet. The project has seen amazing growth. However, the wallet will not come preinstalled. You will have to download the wallet from the Galaxy app store.

Changes on the ENJ coin

Once the announcement is done and it has been officially declared by the Enjin’s VP of marketing, they are then partners with Samsung. However, he won’t be disclosing more information on the same topic yet. Instead, you will come to know more about it in due course of time.

Once this news was out, there was a drastic change seen in Enjin Coin. The coin increased in value by 78% once the partnership was confirmed. This totally changed the way people used to look at the Enjin’s coin.

Impact

This shows the rise of the Cryptocurrency. This is just the beginning. Those days are not far when each of this transaction will be done on the mobile phone itself. Samsung has not yet launched the application as a pre-installed wallet. However, it will soon plan in the near future to make it an in-built pre-installed app where one can carry out all the transactions. This is the future of online transactions.

This was the sudden change that was seen soon after the announcement of the partnership. In the near future, it is still going to increase as the mobile will be launched and the wallet will be available for other countries too.  As of now, it is only available for the US, Canada, and Korea users. This was updated by Samsung Australia on their twitter handle when one of the users tweeted about the support for Cryptocurrency wallet.

Moreover, this might also encourage other mobile companies to do a partnership or offer some decent offers which are related to the Cryptocurrency. The entire digital currency market is growing at a tremendous speed. People will soon start to use official wallet apps for transactions.

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Crypterium

 

There is no wonder that cryptocurrency is ruling the financial world today. With its tremendous rise and influence on global transactions, the conventional banking and payment systems are somehow merging and allowing exchange with cryptocurrencies. Recently the agreement signed by NetCent, a cryptocurrency exchange, with obanc.com.au is the best example of this.

It’s not just the collaborations between cryptocurrency exchanges and traditional banking, but there are some new innovations in the finance world that has paved a new path for advanced transactions. Crypterium is one such innovation.

About Crypterium

Crypterium is a crypto bank that serves the sole purpose of handling all your cryptocurrencies on a single platform and meet the basic banking requirements of the modern cryptocurrency era. The platform is being designed to offer similar services to conventional financial institutions thereby catering to the needs of the cryptocurrency world. The main aim of Crypterium is to be a leading crypto bank for cryptocurrencies.

It is similar to that of the traditional banking for fiat money but with the advanced features. Unlike conventional mobile banks that take weeks to process and publish the card, Crypterium Cryptobank provides instant processing engine for Fiat-based currency transactions.

Crypterium token:

Like any other cryptocurrency exchange, crypterium too has its own crypto token. It is known as CRPT token. To make any transactions using this platform you must first possess CRPT tokens. When a payment is used on the platform, a fee of 0.5% of the value of the transaction is removed from the holders CRPT account.

The owners of Crypterium arranged a special Initial Coin Offering event for the pre-purchase of CRPT tokens. CRPT is based on the ERC20 token standard. It is valid forever and is the property of the respective owners. At launch, a single CRPT will be worth 0.0001 BTC.

The transaction fees on crypterium are reasonable and are totally transparent to the users and the transaction takes mere seconds while simultaneously the bank searches for the best exchange rate available at the specific time. Crypterium also provides loyalty rewards to its customers.

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Coinigy- Crypto trading Platform

 

Coinigy is one of the most popular trading tools for cryptocurrencies. This is very similar to Obanc Payment solutions, which allows its customers to have smooth transactions. Coinigy is a software suite designed to meet the needs of all range of trader demographics.

Legality:

Coinigy doesn’t process trades itself. It relies on external exchanges to carry out its trades. Hence it is not subjected to the same regulations as the other money service businesses.

Network security:

Coinigy has a state of the art network system.  Coinigy’s security team opted to use a multi-tier setup for its servers. This means that Coinigy’s presentation, application processing, and data management functions are physically separated. Hence the chances for it to be hacked are almost zero.

Pros:

  1. If you are a paid user of Coinigy then you can earn a profit on price differences between exchanges.
  2. Coinigy has an exceptional security system. It hasn’t been hit by any publicized hacking.
  3. The Coinigy Marketwatch app lets you see how your crypto portfolio is performing across all your connected accounts.
  4. The news features of Coinigy will keep you updated with all the latest news about cryptocurrency.
  5. Coinigy can output your exchange and wallet balances directly to Google Sheets.
  6. It gives you 30 days free trial. This free trial lets you track crypto prices, connect accounts and initiate trades through multiple cryptocurrency exchanges.

Cons:

If a crypto exchange’s servers get overloaded when Coinigy connects through the API, you may run into glitches or difficulties while trading.

Customer Service:

Coinigy has the best customer support system. It not only explains to you how to use various features of Coinigy but also helps to analyze the technical charts. The first time you use a Coinigy feature, tutorials appear that explain the functions of buttons and other relevant parts of the interface.

Coinigy reputation:

Since its release, Coinigy has faced a few problems. But soon after the reporting of customers they solved those problems.  When crypto traders complain about crypto exchange interfaces on Reddit, Coinigy is often recommended as a solution.

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All about TRYBE

Introduction

Cryptocurrency has gained a lot of popularity in the economic world. Users are even using it for their personal use. A number of crypto tokens have been introduced, which can be used in a variety of fields. There are also many crypto coins like Bitcoins which is used in the majority of these fields. This is because it is one of the oldest crypto coins that has played an important role in the development of the crypto field. These crypto tokens have their own values and can either be exchanged for some other crypto tokens or coins. Some popular crypto tokens can be directly converted to cash. TRYBE is another crypto token which can be gained by the users by sharing their knowledge.

Features of TRYBE

TRYBE works on a blockchain where users can share contents with others. These contents can be related to the crypto field or blockchain. There are many platforms that provide similar features as TRYBE does. However, there are many benefits of using TRYBE. Since it is new in the crypto world, it, therefore provides users with a high chance of being rewarded. Users also have to post quality content. There is a decrease in the TRYBE tokens for getting low votes on their contents. This takes care of spamming to some extent. TRYBE is growing fast due to the amazing features it provides. Earlier, users could only post contents on certain topics. However, there has been an increase in the topics, lately.

Development of TRYBE

TRYBE provides users with wide range of content. These are some of the finest contents available which are based on the crypto field. Users can earn a lot of TRYBE tokens on this platform by providing their content. Due to the popularity of TRYBE, its token’s exchange rate has increased, lately. Therefore, users can earn a lot on the TRYBE platform. It is updating frequently and providing users with many more new features. While the TRYBE is new, users also have a chance to gain popularity. This will benefit them in the coming time for sure.

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Facebook and Cryptocurrency

 

 

Any news regarding cryptocurrency automatically gains global attention. This is because of the revolutionary impact it has shown on financial industry across the globe. Recently, cryptocurrency again gained public interest because of the intervention of social media giant Facebook. Apparently, Facebook is developing its own cryptocurrency.

Though Facebook didn’t release any official statement regarding this, an advertisement for 5 job vacancies related to blockchain technology started this rumor. The following are the job vacancies posted on the Facebook website.

  1. Data Scientist, Blockchain
  2. Data Engineer, Blockchain
  3. Software Engineer, Blockchain
  4. Software Engineer (University Graduate), Blockchain
  5. Product Marketing Lead

Blockchain is the technology used for the development of cryptocurrency. So this fueled the spreading rumor.

History of Facebook and cryptocurrency:

Facebook and cryptocurrency haven’t been on good terms lately. This is because Facebook banned all the advertisements related to cryptocurrencies and blockchains. This was mostly due to fear that they were using Facebook as a platform for numerous scams. This ban got effective in January last year but soon it was lifted in July. It was believed that Facebook noticed the revenue loss because of the ban. But it did provide screening to all those advertisements to reduce the risk of illegal activities. So when this news broke it took the world by surprise.

Stablecoin:

Citing sources familiar to this matter, Bloomberg reported that facebook’s long-rumored cryptocurrency is in development and will allow users to exchange currency through its encrypted chat service WhatsApp.

This cryptocurrency is called stablecoin, which is a digital currency that is pegged to U.S. Dollar to reduce the volatility. Though not really at the launch stage, Facebook is working on the strategies to make it a success.

The current popular stablecoin, Tether, is surrounded by controversy after it refused to be audited. But with almost 2.5 billion global users and $40 billion annual turnovers, Facebook has everything to make a successful stablecoin. The revolutionary idea of Facebook is considered to be a good investment for people. Tweets like “invest to make the community better” by financial experts are reassuring the investors.

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The Lowdown on CryptoKitties

 

What is CryptoKitties?

CryptoKitties is a game based on blockchain. This game was developed by Axiom Zen. In this game, players create their own virtual cats. It was introduced to make the blockchain field interesting and exciting. It is one of the easiest ways through which users can experience the blockchain field easily. It is the newest way to use the blockchain since users can connect to each other by trading virtual cats. This trade can only be done with the help of blockchain.

CryptoKitties provides users with different trading options

Players can do a lot of trading activities in the CrytpoKitties game. Apart from the customization part, these virtual cats can also be purchased and sold. Players can also collect, and breed these virtual cats. They can sell their virtual cats to earn money online. This is one of the major application of this game which made it very popular all across the world. Many users are new to the crypto field and it was necessary to inform all of them about this field with some creative initiatives. Therefore, CryptoKitties plays an important role in providing information about the transaction mechanism of the cryptocurrencies. This game made the users get along with the cryptocurrency trading.

CryptoKitties: A way for making the crypto field as user-friendly

CryptoKitties was based on the principle to make the crypto field linked to the non-economical department as well. It provides users with comfortability to trade with crypto assets. Users can make their virtual cats attractive for increasing its popularity. CryptoKitties can be a game changer in the crypto field since it has brought a new concept in the blockchain arena. This game is the best way to use the blockchain in an entertaining way. Due to the introduction of the crypto field, many workers in this field are trying to make it user-friendly. This is done so that the cryptocurrency can be used normally all across the world. Users don’t have to be scared or feel uncomfortable with this sector as the crypto field is growing with many more creative initiatives like CryptoKitties.

 

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Crypto Screener

 

What is Crypto Screener?

Crypto screener is used by the investors who want to know about the status of cryptocurrencies. These statuses are based on many parameters set by the users. It provides the users with technological terms for screening the cryptocurrencies. There are a lot of criteria related to the business. These are profit, loss, opening and closing rate of the crypto coins. These criteria decide the success or failure of the investors and are very sensitive in the cryptocurrency field. There are a set of measurements including profit factor that is provided to the users with the help of crypto screener. Crypto Screener enhances the crypto field.

Crypto Screener:The best way to get details about the crypto coins

Crypto screener provides users with the last rate of the crypto coins at which the market has been stopped. It also provides users with the change percentage that is one of the most important factors for the investors. Both cryptoscreener and cryptocurrency provides their users with lots of benefits. These are available for free and are also provided to the users with a subscription plan. The subscribed version provides users with more precise tools that help the investors to get an idea about the profit and loss of investing in the crypto coins.

Crypto Screener: Beneficial for both investors and the trading system

Investors are also provided with the feature to select the coin that is best suited for a specific profile set by them. Crypto screener provides users with the algorithms which are generated by automated systems. This helps the investors to get the profit earned by the bots on behalf of them. Investors don’t have to worry about the programming since all the information are easily available to them through the bots. Crypto screener not only benefits the investors but also to those who are involved in the trading system. It provides live data about the crypto coins with all the necessary information beneficial for both the investors as well as the trading system.

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The Downsides You Should be Aware of Before Investing in Cryptocurrency

Cryptocurrencies are the latest trend in the economic market of the entire world. People are really excited over the emergence of such an efficient digital currency and have been investing huge amounts of money to get big returns from them. However, there are a few downsides which you should be aware of if you have already decided to put your hard earned money into the web of cryptocurrency.

Lack of experience

Basically, each and every cryptocurrency is a part of a Start-up which is created to tackle a certain issue. So, each and every cryptocurrency is new and hence, the people who are the real brainstorm behind the scenes do not have much of an experience regarding the fluctuations in the stock markets. Hence, it can act as a negative factor for your future endeavours if you decide to invest your money in cryptocurrencies.

Technical Glitches

It is, perhaps, the part and parcel of dealing in any commodity which is completely digital. To be precise, since the entire database of cryptocurrency is digital and each and every transaction is recorded and carried out through internet and other such online sources, the possibility of any kind of hack or other technical errors are quite obvious.

Although the latest technologies and features have shown a decreased percentage of such issues, yet, there is certainly a chance of some critical technical issues which might wipe out all your cryptocurrency data.

Last but not the least, its security.

Security is, perhaps, the biggest disadvantage and drawback of the entire cryptocurrency database. Many a times, it has been recorded that numerous databases of various cryptocurrencies has been hacked. Apart from this, many criminal groups have attempted to wipe out major cryptocurrency accounts which is a real threat to the investor.

Hence it is very important that you should ensure the overall security parameter of your trading platform before investing into cryptocurrencies.

To conclude it all, yes, cryptocurrencies are quite risky but, does that mean that we should not invest into cryptocurrencies? The cryptocurrencies are risky and the market is quite volatile, but if you take appropriate steps and keep in mind some crucial tips, you will be able to draw out good returns from your investment without much losses.

 

 

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Inception and Future of Cryptocurrencies

 

Right from the inception of this very world, business has been an integrated part of the entire living force. Business has a very specific and simple principle; give one thing in one hand and take another thing for it.

Earlier in the stone age, this system of “Give and Take” was principally called barter system, in which a person who is interested to buy a product from another person offers a commodity which the other person is interested in.

Inception of Digitalised Currency

But, as we know, change is inevitable. The world is getting digitalized and it is also expected to change and affect the currency market as well. Digital currencies might seem to be a hypothetical matter, until it came into reality in the year 2009, when a techie geek from Japan invented the first digital currency called Bitcoin and the rest is history.

What is a Cryptocurrency and How is it Different from the Usual Currencies?

Cryptocurrency can be simply defined as a currency which does not exist on pen and paper and circulates and operates digitally on the internet. But, the one thing which differentiates cryptocurrency from the usual currency issued by countries and governments, is that unlike the usual currencies which are centralised and monitored by banks and governments, the cryptocurrencies are completely decentralized.

What is a Blockchain Transaction?

Thus, if you are a user of cryptocurrency, you can easily transfer cryptocurrency from your account to another person’s account without the involvement of any bank and all your transactions and related details will be maintained on a public ledger, which is known as a blockchain.

What does the Future hold for Cryptocurrencies?

But as after every dawn, there is a moment of dark; similarly, this case of cryptocurrency is no exception. Though these cryptocurrencies are ruling the entire economy in the recent times and have registered a maximum value of 2 billion dollars at their peak, it is also attracting some scrutiny from various national governments and it is predicted that many such sanctions are yet to come.

How secure are these Cryptocurrencies?

Since these currencies are operated solely on the internet, there is a high risk of these getting affected from hackers or a malware which can erase the entire history of the someone’s account and all the related transactions. But, with technological advances, such a mishap can certainly be avoided.

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