Posts

How to Claim Your Bitcoin Cash and Sell it for Bitcoin (TREZOR Ledger Electrum)

Bitcoin Cash – The Beginning Bitcoin Cash (aka Bcash, BCH or BCC)  forked off from Bitcoin on the 1st of August and its launch has proven rather rocky. Three days later, only 2 exchanges are supporting Bcash deposits – and its price has crashed on both. It still takes relatively a lot of time to get Bcash transactions into the blockchain and that’s due to the high difficulty of mining. Bcash forked with the same mining difficulty as Bitcoin but only a small fraction (around 5%) of its hashrate. Bcash’s first (or genesis block ) took around 7 hours to be found. The difficulty adjustment process was meant to compensate for this, reducing difficulty to a level more appropriate for Bcash’s low hashrate within a few blocks.  However, miners from “ Genesis Block, ” an aptly named, high-tech hostel in Hong Kong, apparently began mining Bcash for fun and marketing purposes. The hostel’s additional, unexpected hashpower greatly delayed Bcash’s difficulty adjustment process. As a result,
Post a Comment
Read more

What are Altcoins and ICOs Bitcoin Whiteboard Tuesday

Today’s topic is altcoins and ICOs. In this episode, we’re going to go over some of the different cryptocurrencies out there and explain what are ICOs. So let’s get started! Altcoins, or alts in short, are cryptocurrencies that are not Bitcoin. The word altcoin is an abbreviation of alternative coins. So Litecoin, Ripple, Dash or any other non-Bitcoin cryptocurrency all fall under the category of altcoins. Now you may ask yourself, “Why do we even need altcoins in the first place?” The answer is simple: Bitcoin is not perfect. Usually, altcoins will try to create a better or different version of Bitcoin. For example, Litecoin is an alt that confirms transactions faster than Bitcoin. Dash and Monero are altcoins that focus on the anonymity aspect, making transactions virtually impossible to trace. Each altcoin has its own “unique thing” it does best. Altcoins can also vary from Bitcoin in the way they are mined. For example, Bitcoin’s mining algorithm is called SHA-256, while Li
Post a Comment
Read more

How to Buy Ethereum Classic (ETC) is 3 Simple Steps A Beginner’s Guide

You’ve probably heard of Ethereum, which is the second most valuable cryptocurrency in the world, currently second only to bitcoin. You’ve also probably heard of Ethereum Classic, which is currently ranked as the 5th biggest altcoin according to its market cap. This short guide will explain the difference between the two coins and how you can buy Ethereum Classic. If you’re looking for the “other” Ethereum What’s the difference between Ethereum and Ethereum Classic? The story goes back to the first half of 2016, when a project called theDAO (short for Decentralized Autonomous Organization) was trying to build a decentralized corporation on top of the Ethereum network. Through an ICO theDAO crowdfunded over $140 million in ether (Ethereum’s currency), the biggest crowdfund in history at the time, which was sent to be locked into a smart contract. A short while after the crowdfund ended, a hacker exploited a critical bug in the contract’s code, allowing him to drain the funds
Post a Comment
Read more

Coinomi Wallet Review A Mobile Wallet for Multiple Cryptocurrencies

Coinomi is a cryptocurrency wallet with exchange functionality available on Android and coming soon to iOS.  Not only is Coinomi secure, but it is focused on privacy, and allows nearly instant exchange between a number of different cryptocoins.  Since installation is easy and setting up the wallet only takes minutes, it offers crypto enthusiasts a great way to store and exchange cryptocurrency. With Coinomi, users can hold and exchange Bitcoin, altcoins, and tokens, without having to deal with annoying KYC regulations, as there is no registration process.  With support for 278 altcoins and plans for further development, Coinomi is one of the most powerful multi-coin wallets on the market.  Although other multi-coin wallets exist, Coinomi provides the greatest convenience, security, and features, all for the great price of free. Coinomi Is NOT Open Source Most people who are interested in cryptocurrency give preference to open source software, as they should.  Coinomi was p
Post a Comment
Read more

Zcash Mining Guide for Beginners Mine Zcash on Your PC

Getting Started Mining Zcash with the Video Guide: The good news is that getting started with Zcash mining is very simple. You don’t need to download the full Zcash blockchain or manage clunky command-line miners with manual instructions; you can mine directly to an exchange or to a hardware wallet such as Trezor or Ledger Nano S. Of course, you should always do your due diligence to ensure your coins will be properly supported before sending them anywhere. For the purpose of this guide, we’re going to do a detailed walk-through of setting up and using the very popular Nvidia EWBF Miner. If you have AMD cards, mining Ethereum is usually your most profitable option. However, if you have Nvidia cards, or if you’re in the market to buy new cards and can’t find any well-priced AMD cards, then mining Zcash on Nvidia GPUs is still very profitable with the EWBF Miner, which is highly optimized to get the maximum performance out of Nvidia’s Cuda cores. The whole process of getting se
Post a Comment
Read more