Category: Cryptocurrency

How Does Cloud Bitcoin Mining Work? And How To Earn 1 BTC

Published / by Jonathan / Leave a Comment

If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins.

Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.

However, there are certain risks associated with cloud mining that investors need to understand prior to purchase.

Pros

Here’s why you might want to consider cloud mining:

  • A quiet, cooler home – no constantly humming fans
  • No added electricity costs
  • No equipment to sell when mining ceases to be profitable
  • No ventilation problems with hot equipment
  • Reduced chance of being let down by mining equipment suppliers.

Cons

Here’s why you might not want to consider cloud mining:

  • Opaque mining operations
  • Less fun (if you’re a geek who likes system building!)
  • Lower profits – the operators have to cover their costs after all
  • Contractual warnings that mining operations may cease depending on the price of bitcoin
  • Lack of control and flexibility.
  • Types of cloud mining
  • In general, there are three forms of remote mining available at the moment:

Hosted mining

  • Lease a mining machine that is hosted by the provider.
    Virtual hosted mining
  • Create a (general purpose) virtual private server and install your own mining software.
  • Leased hashing power
  • Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)

How to determine profitability

We have previously covered ways to calculate mining profitability. However, the web services offered are designed to work with your hardware parameters, not cloud-mining parameters.

Even so, you can still use these calculators by thinking clearly about the costs involved. Profitability calculators (for example, The Genesis Block) often ask for your electricity costs, and sometimes the initial investment in hardware. Effectively, you are being asked for your ongoing costs and your one-off investments.

Therefore, since the provider, not you, is paying the electricity bills, you can enter the monthly mining bill in place of the electricity cost.

The conversion process isn’t completely straightforward, though. In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge (ie: $ per KWh) by the power consumption of the unit and by a conversion factor of 0.744 (the ratio of seconds per month to joules of energy per KWh).

But, for cloud mining calculations, you need to do the opposite, because the provider gives you an (effective) monthly running cost. Hence, you need to calculate an equivalent cost per kilowatt hour to feed into the mining calculator. This is done by dividing (not multiplying) the monthly running cost by the 0.744 conversion factor mentioned above.

Risk vs reward

When engaging in any type of cryptocurrency mining there are risks, but profitability is possible if you make the right choices. In this article, we’ve given you some pointers on how to decide which way to go.

In your test calculations, you will likely see that some cloud mining services will be profitable for a few months, but, as the difficulty level of bitcoin increases, you would probably start to make a loss in four to six months and beyond.

A possible remedy to this situation is to reinvest what you have made into maintaining a competitive hashing rate, but this is highly speculative.

As mentioned above, the risk of fraud and mismanagement is all too common in the cloud mining space. Investors should only invest in cloud mining if they are comfortable with these risks – as the saying goes, never invest more than you are willing to lose.

Investigate social media channels, speak with former customers and ask pointed questions of operators prior to investing. Ultimately, you should practice the same kind of due diligence that you would for any investment.

Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds via these services.

Altexch.io Ico Review Airdrop Free Coins

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Altexch is a new global trading platform that will offer a variety of tools for the success of the traders. It will have the best of major exchanges like Binance and it will also include services like:

Cryptocurrency Exchange ALTEXCH
Multy currency Wallet with exchange
Exchange’s API
Margin Trading
Crypto Binary Trading
AEX Token – Lifetime Passive Income (Referral Program)
AEX Token

AltExch will also introduce its own token, which ICO start this November 15th, 2018. With this token people will be able to buy and sell their digital assets in the platform. The more assets the exchange platform has, the more profit will be made, which means more income returns to the token holders.

ICO Elements
Total Token Supply: 1 Billion
Token Symbol: AEX
Hard Cap: $30 Million
Soft Cap: $6 Million
Accepted Currencies: ETH, BTC

Fund Allocation
Marketing: 30%
Teach: 50%
Reserves: 10%
Legal: 10%

Note: All Unsold Tokens Will be Burned.

Overall, the platform will have a single and user friendly interface than even the novice will be able to surf through easily. People will obtain profits either by trading or even by passive income (referring investor) with its lucrative referral program.

AltExch Airdrop

As of now, they are running an airdrop where you can get 100 FREE AEX Tokens worth $10 just for creating a FREE account.

You Can Create Your Account And Claim The Tokens Here

This platform will come in handy for all kinds of people who want easy and functional trading platform.

Why Satoshi Nakamoto Deserves a Nobel Prize

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Alfred Nobel died with regrets. After making a fortune off of explosives, he indicated in his will that his fortune should be used to make a prize awarded each year to those who “conferred the greatest benefit to humankind.” By all accounts, his namesake award has been a success — winners are curing cancer, ending wars and discovering exotic bosons. Only a handful of humanity has won a Nobel Prize — be it in medicine, physics, chemistry, literature, economics or peace — all of them distinguished for their exceptional work.

Yet the 123-year-old institution has grown increasingly moribund, devolving into a system in which a council of predominantly old men dole out their honors to other old men, often remarkable for their work but relatively unknown outside the small circle of their community. As a result, the prize has grown almost entirely insulated inside academia, separate from more widespread advancements being made in the wider world. So in an attempt to reconnect with the public, the Swedish Royal Academy of Sciences has begun to recognize more controversial figures. When the committee wanted to revitalize the prize for literature, they awarded Bob Dylan. So who could they choose to do the same for the economics prize?

Satoshi Nakamoto, the anonymous creator of Bitcoin.

This would be no stunt: Satoshi Nakamoto deserves a Nobel Prize. For the first time in human history, Nakamoto devised a way to remove trust from financial interactions. The creation of Bitcoin is a concrete, irreversible event that today affects the lives of hundreds of thousands of people. It created the foundation for technology that would produce the blockchain, smart contracts and the economic theory of asset tokenization. Most people on the street have heard of Bitcoin. The same cannot be said for Contract Theory or Behavioral Economics — the fields of study that garnered the prize for the most recent laureates. That’s not to cheapen their work — it takes a brilliant mind to advance an entire academic discipline — but cryptocurrency has perhaps had a more public impact on modern economics. It deserves recognition.

Some distinguished academics have even acknowledged this milestone. Dr. Bhagwan Chowdhry, Professor of Finance at UCLA, was asked in 2016 by the Nobel Committee to nominate someone for the prize, and he chose Nakamoto. The committee, unfortunately, rejected this out of hand, due to Nakamoto’s infamous anonymity. The press officer of the Swedish Royal Academy of Sciences said in a statement after the rejection that “the prize, as in this instance, the Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel, is never awarded anonymously nor posthumously.”

Dr. Chowdry had a response ready for this critique. As a fix, he proposed accepting the prize on his nominee’s behalf after giving a speech written by the winner, with the prize money being converted into bitcoin and sent to Nakamoto’s most likely digital address. This makes laughable the idea of Nakamoto being an inaccessible hermit. All that would be missing from a ceremony would be the winner’s physical body. In the digital age, where words can be sent instantaneously across the globe, physical presence becomes insignificant and makes Nakamoto’s anonymity immaterial to their presence in the room.

If the committee’s obstinance stems instead from a belief that winners must suborn themselves before the Royal Swedish Academy of Sciences, then perhaps they should ask themselves what is more important: the pride of the institution or the achievement of the honoree. Nakamoto would be a challenging winner, for sure: his lack of institutional credit flies in the face of the steady pedigrees that hold up the credibility of the Nobel Prize. But sometimes, subversion infuses an old system with new vigor. The world needs doctors to understand and appraise its systems, but it also needs hackers, disruptors and other such malcontents to, at times, redefine these systems at their core. These actions form the life cycle of any economy, but thus far only the former have received any formal accolade.

At a time of tremendous technological and social transition, the committee would show prescience by elevating the work of one of the world’s most dedicated disruptors. The creation of Bitcoin and cryptocurrency marks the most drastic innovation in the economic sphere since game theory, and should be directly honored as such. As the originator of the technology’s philosophy, Nakamoto deserves to be honored for their contribution to the economic thought of the 21st century: a decentralized medium of exchange, self-guaranteed by technology in a way that was not possible at any previous time in human history.

Given Nakamoto’s anonymity, this honor would be a symbolic one (although the cash prize would not), but an anonymous award perhaps suits cryptocurrency best. Bitcoin came about through collaboration and continues to expand and improve through the efforts of a dedicated community of cryptocurrency experts. To give any one of them a Nobel Prize would belittle the contributions of the rest. Satoshi Nakamoto, as an unknown representative of the entire field, can become a symbol for the whole of cryptocurrency, which deserves the world’s attention regardless of those involved.

If the committee’s only grounds for denying Nakamoto’s nomination are that he won’t present himself, then the Nobel Prize could stand a little decentralization. Alfred Nobel established a prize in his name to foster the ideas and attitudes he wanted to see in the world. The Nobel Prize has never, at its core, cared about those who won it over the reasons why they won. They helped improve the world, and if someone else had done it better, they would have won instead. On the subject of Nakamoto’s nomination, on which the committee is caught between tradition and spirit, the moribund institution of the prize needs revitalization. A dash of controversy keeps things fresh. Let crypto start the next conversation.

Earn Bitcoin Every day here

Bitcoin Mining Hack Trick Only This Bitcoin Trick Will Earn You 1 Bitcoin Through Mining

Published / by Jonathan / 1 Comment on Bitcoin Mining Hack Trick Only This Bitcoin Trick Will Earn You 1 Bitcoin Through Mining

In the Bitcoin system, the production of all the new money is done on a stable base. This money is equally paid to those who operate the Bitcoin network by doing Bitcoin mining.

Making money with your computer

So yes, Bitcoin mining allows to make money by letting a computer work. However! Bitcoin mining is a free and open market. It is not a easy way to make money out of thin air.

Gains with Bitcoin mining are proportional to the power of computer hardware to solve the mathematical calculations. The whole network is powered by these calculations, which rewards you for your services. To be profitable, Bitcoin mining have to generate profits despite the cost of equipment and the electrical cost to operate at full capacity. That may be difficult.

Technologies used for Bitcoin mining

At the dawn of Bitcoin, classic computers were enough to run the network. However, competition has intensified gradually as the use Bitcoin increased as a dynamic market. In order of effectiveness, CPU processors, ATI graphics cards and FPGA chips succeeded to each other. Today, all these technologies are outdated and are no longer profitable.

Due to strong competition, ASIC is the only technology that can now offer potential income. An ASIC chip is a chip specialized to perform specific calculations. Some companies such as Avalon and ButterflyLabs faced the challenge of producing ASICs for Bitcoin network. ASIC chips can produce up to 40 times more calculations per second than a graphic card for the same price with a much lower power consumption. However, unlike graphics cards, ASICs have no resale value outside of a use with Bitcoin.

Pool have more stable incomes

When starting with Bitcoin mining, it is important to understand that a computer has very little chance of solving a mathematical problem aired by Bitcoin. It is a matter of chance. The more powerful is the equipment used, the more it can make attempts per second, increasing the chances of success. However, without buying a fleet of very expensive ATI cards, Bitcoin mining alone can take weeks, months or years before touching any gain.

The pools are small cooperation of bitcoins miners who wish to combine their strength in order to share Bitcoins earned fairly. Being part of a pool is the best way to raise Bitcoins stably when you don’t wish to invest heavily in computer parts. Many free open pools exists, such as bitminter.

the evolution of incomes with Bitcoin mining over time
Bitcoin mining is not a guaranteed investment. Indeed, the income can be earned with Bitcoin mining depend on several things. The value of the BTC (Bitcoin) is the first of all, because the value of Bitcoin fluctuates according to supply and demand. Since the creation of new BTC is stable and limited, an increase in demand for Bitcoin also means an increase in its value, and vice versa.

Competition and the difficulty are also important factors. The more there is people mining, the more the mathematical difficulty factor to generate Bitcoins increases, because the network Bitcoin is designed so that the same amount of money is created each month, regardless of the number of people working to generate this amount. This way, Bitcoin mining is a perfect market. If Bitcoin mining is too profitable, new investors arrives and dilute earnings. When Bitcoin mining is not profitable enough, some investors abandon, increasing the gains of subborn investors.

It is also interesting to note that the creation of new BTC is designed to gradually stop. Deprived of this source of income in the coming years, then Bitcoin miners will increasingly perceive optional transaction fees. Since transactions with fees are likely to be processed more quickly by the Bitcoin miners, banks and network users will be likely to add a tiny fee like a fraction of a cent for certain transactions.

How to start Bitcoin mining

The bitminter pool probably offers the easiest way to start without having computer knowledge. You can simply register with bitminter and click to start their software. The software immediately displays the calculation speed your computer gets to reach and earnings are displayed consistently and rapidly inside the bitminter account. It is then possible to transfer the obtained Bitcoins Bitcoin to an address that belongs to you.

In contrast, if you want to make Bitcoin mining alone, the procedure is generally more complicated. It requires to install the bitcoin software on a computer and change its configuration to start in server mode. Then, it requires to use a specialized command line software such as poclbm or cgminer on each computer used to generate Bitcoins. This software must connect to the server to receive Bitcoin calculations to be done and transmit the results.

There is also a possibility to avoid centralized pools and take good sides of both world with p2pool, which is a decentralized pool. It is still more complicate to setup than just using bitminter. However, you don’t rely on a pool that is vulnerable to DDoS attacks or dishonnest pool owners practises and you get paid directly on your Bitcoin wallet without intermediate.

Participating on the Bitcoin network operations

Bitcoin mining is a way to participate in the Bitcoin network operation. Some only sees Bitcoin mining as an investment since it is designed to be an open and competitive market. Still, some people involved in Bitcoin mining also do it for the interest of helping the network to function. Each computer used for Bitcoin mining allows the system to verify the validity of each transaction and protects the network from any form of attack.

Electroneum Price Prediction And Deep Analyse When Etn Will Hit $1

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Bitcoin is still the biggest cryptocurrency, but it is definitely not the only one. After the initial success of Bitcoin, over 1600 cryptocurrencies have been launched into the market.

If Electroneum is one such cryptocurrency that has caught your attention, then you have come to the right place. Electroneum, which was launched in September 2017, is currently one of the top 100 cryptocurrencies.

This guide will answer questions like:

  • Is Electroneum a good investment?
  • What is the Electroneum price prediction?
  • How has Electroneum performed in the past?

So, by the end of this guide, you will have a good idea about what Electroneum coin is and how it is different from other coins. You will also have learned about various top Electroneum price predictions, including popular 2018 and 2020 forecasts.

While cryptocurrency is an extremely unpredictable market, the aim of this guide is to provide as much information as possible. It is always recommended to consult a financial expert before making an investment in cryptocurrencies.

Understanding the basics of any cryptocurrency is very important if you are planning to invest in it. So, let’s first learn a little bit about Electroneum (ETN) itself before getting into ETN price predictions.

If you feel you’re already familiar enough with Electroneum, feel free to skip to the Electroneum Investment History section.

What is Electroneum (ETN)?

Electroneum, like other cryptocurrencies, is a digital currency built using the blockchain technology. So, what is so special about it? What makes it different?

On its website, it says that it is “The Mobile Cryptocurrency�?, which has been designed for mass adoption. It aims to make it happen by making it extremely simple for smartphone users (of which there are 2.2 billion) acquire Electroneum.

Today, transacting in cryptocurrencies is a complex process which makes it difficult for non-experts to join the cryptocurrency market. Electroneum is trying to change that by making it as easy as downloading an app.

Once you download the Electroneum app, you are all set to acquire Electroneum. While most of the coins require specialized powerful equipment to mine them, Electroneum can simply be mined using the app.

The Electroneum app also has a built-in wallet to store the Electroneum coins that are mined from the user’s phone. So, Electroneum can not only be managed but also mined from a mobile app.

Apart from being very user-friendly and easy to mine, there are few other significant differences between Electroneum and Bitcoin. Let’s have a quick look at them.

The maximum number of Bitcoins that can exist is 21 million, whereas the maximum number of Electroneum coins can be 21 billion.

Following the footsteps of Monero coin, Electroneum also provides privacy features.
In case of Bitcoin transactions, everyone can see who the sender and the receiver are. Also, the transactions can be traced back to origin. But, all the transactions are completely private and untraceable in the case of Electroneum.

Electroneum focuses more on speeding up the micro transactions, like purchasing mobile games, making payments for apps, and sending money to friends.
As mentioned earlier, Electroneum has its own app, wallet and mobile miner. All of which Bitcoin lacks.
Now that you have a clear understanding of what Electroneum is all about, let’s get to its past performance. Knowledge of historical price trends will be helpful in making an Electroneum price prediction.

Electroneum Investment History

The Electroneum ICO, which launched on 14th September 2017, closed early because of reaching the hard cap of $40 million. Electroneum has a market capitalization of $ 0.141 billion and is branded the first ever British cryptocurrency.

While they had a very successful ICO, they faced a major hiccup soon after. Many Electroneum user accounts got hacked, which led to a sudden price drop at the beginning of November 2017. As you can see in the chat below, Electroneum price dropped from $0.23 to $0.06.

The prices of Electroneum did revive after the issues were fixed and investors saw the potential of this mobile-friendly cryptocurrency. It grew from $0.06 in November 2017 back up to $0.22 in January 2018, recording a growth of 122% in less than 3 months.

You can see the historical price trend of Electroneum in the chart from coinmarketcap below. Like most other cryptocurrencies, its prices have declined since January 2018 and it is currently trading at $0.0212.

Electroneum has performed rather averagely the past compared with other cryptocurrencies. In fact, there are a large number of cryptocurrencies that have paid their investors much better returns than Electroneum has. That said, it has been able to generate interest from investors because of its unique features like mobile mining.

Now that we know about the investment history of Electroneum, let’s take a look at an Electroneum price prediction or two.

Electroneum price prediction 2018

Here, we’ll see a couple of Electroneum price predictions for this year.

Electroneum price prediction 2018 by John McAfee

If you have been following the cryptocurrency market, you will already know the impact John McAfee can have on the prices. He is one of the most well-known influencers in the cryptocurrency market.

In his highly-positive tweet about Electroneum (see the picture below), he stated that he expects it to do well because of the following reasons:

  • He expects it will appeal to the technical and non-technical app users because of its ease of use
  • It is a privacy coin
  • It has a massive following of supporters on Facebook and other communities which can aid
  • its mainstream acceptance

His prediction may or may not turn out to be true, but it is definitely a good validation for Electroneum.

Electroneum price prediction 2018 using technical analysis

Before looking at the prediction, let me explain what is meant by technical analysis which is a popular method used for price prediction.

Technical analysis uses historical price trends, and trading volume trends, to predict the future. This task is performed by software which applies complex mathematical functions to historical data.

Walletinvestor.com is a website that performs cryptocurrency technical analysis. According to this website, Electroneum is a high-risk one-year investment. Its Electroneum price prediction 2018 is $0.00! A bit harsh, maybe?

Electroneum price prediction 2018 based on factors such as Market Trends and Technology
Based on factors such as technology, current performance and market trends, a website called uslifed.com has made an Electroneum price prediction. According to this ETN price prediction, Electroneum will be around $0.44 in December 2018.

They are basing their Electroneum predictions on the fact that it has a huge following of supporters and is very easy to use.

Now that we have an idea about the Electroneum predictions for this year, let’s try to understand the long-term future of Electroneum.

Electroneum price prediction 2020

Considering the unregulated nature of cryptocurrencies (at present), it is quite difficult to predict their long-term future. However, I will try to share as much information with you as possible.

Following are the top Electroneum price prediction for the year 2020.

Electroneum Price Prediction 2020 based on technical analysis
Coinliker.com is a website that performs technical analysis and gives long-term price predictions. While it does not give an Electroneum prediction 2020, it does give a prediction of $2.44 for 2023. Based on this, Electroneum would seem to be on track in 2020, and a $200 investment may be worth over $23,000 by 2023.

Electroneum price prediction 2020 based on factors such as Market Trends and Technology
Similar to the Electroneum price prediction 2018, uslifed.com also provides Electroneum predictions for 2020. It predicts Electroneum prices to be around $0.812 at the beginning of 2020 and $1.10 by December 2020.

This means a growth of over 500% from today, thus making it a good long-term investment.

So, that’s the Electroneum price prediction for the year 2020, as shown by two different sources. It seems like a good investment option, but as I have said earlier, it is very difficult to predict the prices of any cryptocurrency in the long run.

In fact, it’s very difficult to predict them in the short-term also — I should make that clear. Nobody can see into the future, although we probably all wish we could.

So, is Electroneum a good investment option?

As you have seen, the predictions are divided over the future of Electroneum. It is important to consider these predictions while making decisions, but it is also important to look at the fundamentals of the coin.

Following are some of the reasons Electroneum might be a good investment.

Competent team with defined goals

One of the most important factors that decides the future of any cryptocurrency is the team behind it. Electroneum has an experienced and dedicated team running the show. CEO, Richard Ells, has experience in building successful tech businesses. The most recent one being Retortal Ltd, which is valued at over $50 million.

So far, the team has been quick in developing new features and fixing any issues. They have also kept their investors informed about their goals and how they are going to achieve them, unlike many other cryptocurrency projects.

Huge community of supporters

Because of its appeal to non-technical users, it has received a massive support at the grass-root level. People are hoping that Electroneum might be the coin which will lead to mass adoption of cryptocurrencies due to its mobile-friendliness.

There were about 765,000 ETN live users in January 2018 and they are adding more every day.

These are some of the reasons which may make Electroneum a good investment. They may be able to generate interest from investors as they appear to be moving in the right direction.

However, there are a few things which you should watch out for in case of Electroneum. Following are some of the things which may block the growth of Electroneum.

Or is Electroneum a bad investment option?

Past performance

2017 was a highly successful year for cryptocurrencies. Top cryptocurrencies like Litecoin, Monero, Ethereum gave a return in the range of 5,000% to 10,000%. That’s massive, right?

However, Electroneum has not shown similar levels of performance. Investors who look at the past performance as a measure of success may not be interested in investing in Electroneum.

Technical challenges

To succeed, Electroneum aims to tap into mobile users by providing user-friendly mobile mining. It is easier said than done, and they have been facing technical issues since March 2018 as issues have arisen.

Unless they can fix the issues, the future of Electroneum’s product looks shaky.

Listing on Exchanges

They have made some progress on this front but Electroneum is still not listed on any of the major exchanges like Binance, Bittrex and Poloniex. For some investors, this is frustrating because they view it as a lack of credibility. For others, it provides issues regarding liquidity.

Weighing up the pros and cons of any cryptocurrency is a very important part of investment strategy.

In my opinion, you should wait to see how well their mobile miner is performing before making an investment call. Once it is clear that they are technically equipped to fix the issues, you can consult a financial advisor to plan your investment.

Listing on Exchanges

They have made some progress on this front but Electroneum is still not listed on any of the major exchanges like Binance, Bittrex and Poloniex. For some investors, this is frustrating because they view it as a lack of credibility. For others, it provides issues regarding liquidity.

Weighing up the pros and cons of any cryptocurrency is a very important part of investment strategy.

In my opinion, you should wait to see how well their mobile miner is performing before making an investment call. Once it is clear that they are technically equipped to fix the issues, you can consult a financial advisor to plan your investment.

Final words

You now know what Electroneum is, what its USPs are, what its faults are, and how some big names in the crypto space think it’ll perform over the next few years.

If Electroneum is able to achieve their goals in true sense, then they will be able to capture a big market of over 2.2 billion smart phone users — that’s the bottom line. So, if you like the project, you should follow it closely, along with their developments so that you can invest in it at the right time.

That’s IF you decide it’s a good investment, though, which may depend on factors such as how well they handle the current issues they’re experiencing.

Electroneum price predictions indicate that they may be a good long-term investment but there are mixed forecasts. If things go in its favour then it may touch between $1- $1.50, providing a return of more than 5000% based off the predictions we looked at.

As I have said before, cryptocurrency is highly unpredictable, and it is always a good idea to reach out to a financial consultant before investing.

So, what are you going to do? Is it worth investing in? What’s your Electroneum price prediction? I would love to hear your thoughts!

Earn 1 Bitcoin Highest Paying BTC Sites 2018

Published / by Jonathan / 1 Comment on Earn 1 Bitcoin Highest Paying BTC Sites 2018

here you will find the best highest paying bitcoin faucets to earn lot of (Satoshis) for free, in this blogpost you find the most reliable and excellent faucets sites when it comes to win bitcoin in an easy way and safe.one of the easiest and quickest ways to get free BitCoin is through the highest paying bitcoin faucet.

Where can you get free bitcoins?

If you are new in the world of bitcoin you must familiarize yourself with two new terms: Faucet and satoshi.

Faucet: Faucets are the sites that give bitcoin for free. They are pages that give bitcoins (a very small part of bitcoin => satoshi). Why do they give away? In order to promote the use of this currency.

Satoshi: is the littlest unit of bitcoin divided on the blockchain, 1 Satoshi = 0.00000001 BTC

Best Bitcoin PTC Sites | Best Bitcoin invest site

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Link Reward (satoshi) Interval Payment Method
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14 Ways To Earn Bitcoin And Other Cryptocurrency

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If you’re reading this you’re probably looking for ways to earn extra cash, am I right? You’ve probably seen the click-bait ads on how 2 girls become bitcoin millionaires or how I earn 3000 dollars a day with Bitcoin and thought its time to do your research.

We all want to earn that ever elusive passive income. If we didn’t then the promise of easy money you can live off of every Ponzi and get rich schemes pitches would never be successful.

Cryptocurrency is a new concept for many and between all the FUD, FOMO, fake exchanges and investment schemes (yes there are plenty of cryptocurrency scams) you’ll find legitimate ways to make money.

CAN YOU MAKE MONEY FROM CRYPTOCURRENCY?

The short answer is yes, you can make money with crypto. What people don’t tell you is that its a slow painful process just like any other industry and you have to really commit to it. Depending on the route you take it will cost you time, money and plenty of hard graft to get your passive income stream running.

To help you get started I’ve put together a guide to over 20 ways you can earn cryptocurrency online. Please note that these methods are by no means full proof nor do they guarantee ROI. This is not a get rich quick post so if you’re looking for easy ways to make money I doubt you’ll find anything interesting on this list.

1. BUY AND HODL

Relatively speaking this is the “safest way” to earn crypto. All you need to do is buy an amount you feel comfortable with investing in a certain coin and just hold it for a year. If the coin is one of the more promising cryptocurrencies it will most likely to increase in value from the price you bought it in at.

Be responsible and do your research, don’t simply buy a coin because someone shilled it to you. Have a look at information like the coins whitepaper, roadmap, follow them on social media, check out the circulating supply, market cap and daily volume on popular exchanges.

I’ve personally bought 12 different coins and will be hodling them for the next year or more.

2. BLOGGING/VLOGGING, CURATING & COMMENTING

Youtube has been here since 2004 and you can make good money from vlogging there if you have more 10,000 views on every video and the same applies to blogging. Google has dominated this space with their Adsense platform but crypto has presented us with an alternative in Steem coin.

Steemcoin is the coin behind the Steemit blogging platform. Steemit has introduced a way for the small time blogger to actually make a decent amount of money every day by just blogging as im doing with this article. Steemit users can make money by blogging, commenting and curating content for fellow Steemit users.

Once you’ve signed up for Steemit you will also have access to sister sites Dtube (A decentralised version of Youtube) and Busy.org (A decentralised version of Twitter) where you have the same opportunity to earn Steemcoins.

This is a truly revolutionary way to look at social media which makes you think how profitable this could be in the near future if Steemit will become a mainstream medium.

3. FAUCET FARMING

Probably the least amount of effort needed but it does take time and for you to be dedicated and constant in completing mundane tasks like captchas or clicking the claim button every hour. Faucets require no investment from you, they make money from serving you ads and allow you to claim back a portion of that for your efforts.

There are plenty of sites on the web that lets you collect a micro amount of bitcoin every couple of minutes from a faucet and eventually accumulate enough to cash out and get a small of amount of bitcoin to your wallet.

To find faucet sites hit up Google or check out these two which seem to be the most popular

  • Free Bitcoin
  • Free Dogecoin
  • Cointiply – Free Bitcoin or Dogecoin
  • Free Dash
  • Free Ethereum
  • Free Cardano

4. MINING

Another popular way to make money online lately is mining at your home with your pc or a dedicated pc or even a mining rig.

Mining has become a competitive field and your standard desktop PC or laptop simply won’t cut it. You will need to spend some initial capital on a high-end pc and some additional GPU for it to be profitable and it will take you a couple of months to break even with your hardware investment because the earnings on mining can be very slow sometimes.

The good news is that even if you decided to stop mining you can still use the hardware for something else like gaming. The bad news is that the hardware it can get pretty technical and you may have to join mining pools to remain competitive.

If you’re interested in mining I suggest checking out the site whattomine.com

5. CLOUD MINING

If you’re not keen on turning one of the rooms in your house into a sauna then this method may be more up your alley. Cloud mine services offer users the ability to rent out mining equipment and have proven to be profitable without scamming and can yield a decent amount of earning which can be paid most of the time every day straight to your wallet.

These contracts don’t come cheap and using this method will take you 4 months to break even with your investment and after that, you’ll receive pure profit every day. The more you invest (the correct term here is: upgrade your hash power) the more you will earn so you’ll need a quite high initial investment of for example 10000$ to get a payout of 20$ a day.

Examples of trusted cloud mining services: Bulkbitcoin genesismining.com, hashing24.com, hashflare.com & nicehash

6. STAKING

There are two popular schools of thought when it comes to Cryptocurrencies, proof of work which is where mining comes in and proof of stake. Proof of stake allows hodlers of a certain coin to earn interest for supporting the network.

You will need to invest by purchasing a certain amount of a certain currency, creating a wallet and node and then finally sending your currency to the newly created node which can be used to verify transactions on the blockchain.

As new blocks are added users will be rewarded depending on how large their stake in the currency is.

Popular currencies you can stake are Lisk, Ark, Neo, Qtum, OMG, Cardano & Stratis.

7. AIRDROPS

When a new currency is introduced or a new batch of currency is released in order to gain momentum and interest many companies try Airdrops. An Airdrop is when the cryptocurrency development team distributes their coin to the community for free or in exchange for small tasks like downloading their software, native wallet or signing up for an ICO.

If you want to know when airdrops are happening you can sign up for sites like Earn.com as well as Aidropalert.com.

8. BOUNTIES

Bounties are similar to airdrops in that companies look to offer incentives in order to increase the popularity of their coin. Companies will provide users with marketing tasks like sharing on Facebook or Twitter, blogging or vlogging and rewarding those who do with cryptocurrency.

If you want to know when bounties are happening you can sign up for bounitesalert.com

9. GAMING

I doubt this one needs an explanation, all need to do is play games on your Smartphone and get rewarded with cryptocurrency. Stormplay is a popular option.

10. NETWORK SUPPORT
There are a few promising projects in this space looking to create a decentralised marketplace for resources. Projects like Golem, Sia, Presearch and Storaj which allow you to rent out hard drive space or CPU power and get paid in their network based currency.

11. MICROTASKS

Microtask websites allow users to get paid in cryptocurrency for completing tasks. A short task is any job or assignment that can be completed in a short amount of time. The tasks can vary widely in nature, from writing, editing, taking surveys, transcription, watching a video, clicking ads, online research and more.

You won’t make a fortune from this but it is a nice introduction to the technology. It provides you with a with a low-risk way to play around with setting up the wallet, sending currency, interacting with the blockchain and familiarising yourself with cryptocurrency.

Some popular microtask websites include:

  • BTC Clicks
  • BitVerts.io
  • Earn.com

If you’re a runner and fitness fanatic you may want to check out Sweatcoin. You can earn cryptocurrency for the number of steps you take every day.

12. FUTURES CONTRACTS

If you want to trade on Bitcoin but you don’t have a strong stomach for the volatility you may want to look at Bitcoin futures. Futures are an agreement to buy or sell an asset on a specific future date at a specific price.

Once the futures contract has been entered, both parties have to buy and sell at the agreed-upon price, irrespective of what the actual market price is at the contract execution date.

The goal is not necessarily to profit maximization but more a risk management tool, often used in financial markets to hedge against the risk of changing prices of assets that are bought and sold on a regular basis.

Bitcoin futures (BTC) are currently live as of January this year and can be taken out every month with hedge funds and banks like CME (Chicago Mercantile Exchange), CBOE (Chicago Board Options Exchange) and Morgan Stanley.

Currently, future contracts are only traded on Bitcoin as the underlying asset but futures on Ethernet and other cryptocurrencies are in the pipeline.

13. AFFILIATE MARKETING

Affiliate marketing is nothing new, plenty of bloggers, social media influencers and vloggers make use of these platforms. You can sign up for affiliate programs with popular exchanges like Coinbase, Binance, Luno or Kucoin and spam your link across various digital channels.

You will get paid for every user that signs up and makes a purchase.

14. SELLING GOODS & SERVICES

If you’re an eCommerce site be it retail or SAAS all you need to do is set up a wallet with the cryptocurrency you would like to accept, say for example Bitcoin and then set up your payment options with your payment provider.

You can use providers like Payfast, Paypal, Bitpay and more. Also, enquire with your current payment provider to find out if and when they will allow cryptocurrency payments.

Bitcoin mining giant Bitmain reveals IPO plan

Published / by Jonathan / Leave a Comment

One of the cryptocurrency world’s most powerful, controversial and secretive companies just opened its books for the first time. Bitmain Technologies, the virtual currency mining firm co-founded by billionaires Jihan Wu and Micree Zhan, released its first public financial statements in a Hong Kong regulatory filing late Wednesday. The disclosure, which also confirmed Bitmain’s intention to pursue an initial public offering, follows months of speculation about the company’s listing plans and its potential vulnerability to a more than $600 billion rout in digital assets since January.

Here are some highlights from Bitmain’s filing:

Profit rose almost ninefold to $742.7 million in the first half from a year earlier Revenue rose about 10-fold to $2.8 billion in same period Adjusted return on equity of 58.9% Bitmain held $886.9 million of cryptocurrency assets at the end of June, or about 28% of total assets Company recorded an impairment loss of $102.7 million on crypto assets in the first half; impairment provision on inventory of $252.7 million Inventories swelled to $887 million from $558 million at end 2017 Volatile markets may require “significant provisions” on inventories and crypto holdings Mining hardware sales make up 94.3% of revenue; mining pools 1.5%; mining farms 0.8%; proprietary mining 3.3%; others 0.1% Company has adopted a dual-class share structure, giving co-founders Wu and Zhan control China International Capital Corp. is the IPO sponsor

Founded in 2013, Bitmain is one of the biggest companies to emerge from the boom in digital assets that propelled Bitcoin to a 15-fold gain last year. As both the largest operator of Bitcoin mining collectives and the dominant supplier of virtual currency mining machines, the firm has enormous influence over the global crypto ecosystem—a role that has troubled members of the community who disdain anything resembling a centralization of power.

Yet questions over the sustainability of Bitmain’s meteoric rise have been multiplying in recent months. The 2018 tumble in virtual currency prices threatens both the profitability of Bitmain’s mining operations and demand for the custom chips it sells to other miners. Meanwhile, competition in the mining-gear business has grown more intense.

Two of Bitmain’s biggest rivals—Canaan Inc. and Ebang International Holdings Inc.—are also pursuing IPOs in Hong Kong as they seek funding for a technological arms race. Bitmain risks losing its competitive edge, Sanford C. Bernstein & Co. analysts wrote in a report last month.

For now though, Bitmain is still the industry bellwether, with a market share in crypto mining gear estimated by Frost & Sullivan at nearly 75%. If the company proceeds with the IPO, it will represent a major test of whether investors view virtual currencies as a temporary fad or an innovation with staying power. A Bitmain listing—with its myriad public disclosure requirements—may also help reduce the opacity of an industry that skeptics say is under-regulated and prone to misbehaviour.

“From the initial numbers I saw, it’s quite encouraging,” said Jehan Chu, managing partner at blockchain investment and advisory company Kenetic Capital. The firm invested in Bitmain during an earlier round of funding, Chu said. “It’s great to have actual clarity, validated documents to shed some light on the company’s actual status and actual performance.”

The company has yet to disclose a target valuation or say how much it wants to raise from its IPO. People familiar with Bitmain’s plans told Bloomberg last month that the share sale may raise as much as $3 billion. The company has repeatedly declined to comment when asked for details of its listing plans.

Bitmain’s main product is called the Antminer, a server-sized box that sells for a few hundred to a few thousand dollars. Instead of the various parts that make up a traditional PC, Antminers are filled with dozens or hundreds of high-powered chips, known as ASICs, that perform the brute-force number crunching needed to verify virtual currency transactions. Customers are mostly large mining operators in places with cheap electricity.

While Bitmain gets most of its revenue from mining equipment sales, the company also runs some of the world’s biggest mining collectives, in which members combine their processing capacity and split the rewards.

Wu has said he wants Bitmain to branch out into non-crypto fields such as artificial intelligence, where ASICs also play an important role. In an interview earlier this year, he estimated that as much as 40 percent of Bitmain’s revenue will come from AI chips within five years. But skeptics, including Sanford C. Bernstein analyst Mark Li, have said a successful push into AI is far from certain.

There’s also no guarantee that investors will flock to Bitmain’s IPO, especially given the recent weakness in Hong Kong’s stock market.

The city’s benchmark Hang Seng Index has dropped 16% from this year’s high in January, one of the biggest declines among major markets worldwide.

Earn Bitcoin Using This Platform Earn 0.18 Bitcoin Per Day Free Click Here

Google ends cryptocurrency ad ban – And You Can Start Ad Campaigns From Next Month

Published / by Jonathan / Leave a Comment

Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October.

Google’s original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs), wallets and trading advice, which are still not allowed.

While the cryptocurrency boom has produced both excitement and wealth, it has also spawned fraud and high-profile scams, as regulation struggles to catch up with a fast-moving space. At various points earlier this year, Google, Facebook, Twitter and Snap all cracked down on crypto-related advertising to stop bad actors, though their initial hard-line approaches prevented even legitimate businesses from buying ads.

“We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution,” Google’s Scott Spencer told CNBC at the time of its original ban.

Google’s updated policy applies to advertisers all over the world, though the ads can only run in the U.S. and Japan, and interested parties will need to apply for certification to serve ads in each country individually. Google’s move follows Facebook, which started allowing preapproved cryptocurrency advertisers in June.

Google parent company Alphabet gets roughly 86 percent of its total revenue from advertising. The company booked more than $54 billion in ad revenue in the first half of 2018.

  • Google is reversing part of its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan.
  • The new policy starts in October.
  • Facebook also started allowing some types of cryptocurrency-related advertising back on its platform in June.

How To Earn 5.4 Bitcoin Per month Free Mining With CryptoTab

Published / by Jonathan / Leave a Comment

Have you ever heard of the CryptoTab bitcoin mining plug-in? If you are curious to know more about it, then read our review of this Chrome web store app.

What Is CryptoTab?

The principle is to ‘earn bitcoins while using Google Chrome web browser’. That is the hook CryptoTab uses to try to and position themselves to you – great concept right?

The idea is that you download a plug-in extention for Chrome and then you will be able to mine Bitcoin while you use your browser and surb the web, which will make you earn Bitcoin for doing so with the app activated. You can also invite friends and earn more Bitcoin. The company states that you will be able to earn more than 1 BTC in a single month (which is actually pretty hard to believe) but does not say how many people it requires for that earning potential. As long as Chrome is open and you have the plug-in you will be able to mine cryptocurrency.

Click here to try CryptoTab, a bitcoin-earning idle internet web browser power leverage play if you will that says it will start earning bitcoin passively for you by downloading & installing for free. Whether that sounds like a fantasy slogan from fairyland or actually is a simple plug and play logically-leveraged concept that uses your web browser/computer for mining purposes..in which the profits are spread for those who use and share. Let’s review below.

How Does CryptoTab Work?

The idea is that CryptoTab is a huge mining pool which uses the collective power of many computers to earn Bitcoin. This is known as a mining pool.

You will be able to log in your account by using your Facebook or Google account. This is a good idea because your Bitcoin balance will be always safe. If you accidentally delete your app, you will lose all the Bitcoin that you already have mined if you do not create an account.

So here is the problem: the company states that you should withdraw your money when you have at least 0.0004 BTC, which can take “a few months” to gather. The BTC price is actually around 10,000 USD, then 0.0004 BTC is no more than 4 USD. The company promises that you can earn up to 1 BTC, but the only way to do that is by inviting as many people as you can to use the app.

Have you ever heard of a Ponzi Scheme? That is exactly what this is. You will get money from the people that you invite but you have to invite more people, which will also have to do this. This is not a sustainable model of business, which means that this company is basically doomed. You will only be able to get any money by basically scamming people into calling other people to be scammed.

At the moment, you can only use this platform via your desktop computer. The smartphone version is still not online at the moment.

How To Invest In CryptoTab?

It is very easy to use the app. You have to download it and then install it on Google Chrome. It is important to perceive that this is not an official app sanctioned by Google and nor it is a very good investment, so be warned that it might not be a good idea to use this program at all.

You can also increase the speed of mining by using the settings of the CryptoTab plug-in, but this will make you spend more processing power than you would be if you just left the settings on Normal, so it might not be a good idea if your computer does not have a high speed processor.

Payments are made twice a day and the company has proof that it pays, so you can be at least somewhat secure that they will really pay you for using the app.

The CryptoTab Verdict

As we stated above, if you want to try to passively earn Bitcoin (BTC) this is virtually a risk free venture. The only downside risk you might face, assuming in fact you will earn Bitcoin by using this cryptocurrency web browser tab extension, it will probably make Google Chrome noticeably slower. It will be up to you to decide the pros and cons of using a slower computer when surfing the internet or can pick and choose when to use the Crypto Tab app to see if you will earn enough profits to justify all of the mining power contribution.

One thing is for sure – there are not many applications like CryptoTab to choose from that allow you the legit possibility and opportunity to earn bitcoin passively. Especially if you take into consideration and compare the faucets or HYIP programs promoted all over the Internet. While we tend to favor the fact that everything that sounds too good to be true (in real life and especially cryptocurrency space), it likely is but this one might just find a sweet spot that allows users to monetize their internet computer power in exchange for mining bitcoins by just making a decision to try it out – you can download CryptoTab here.

I Also use a private mining platform you earn 0.1 BTC Per day free Click here