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Easiest Scrypt Coin To Mine | Mining altcoins in 2018 - 2019 | BITCOIN SITES

Easiest Scrypt Coin To Mine | Mining altcoins in 2018 - 2019 | BITCOIN SITES submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Most Important Cryptocurrencies

Bitcoin has been known by many to be the most famous decentralized cryptocurrency. However, besides bitcoin there exists other altcoins that confer a great value as well. Are you interested in learning about other cryptocurrencies? Well, bitcoin is not alone. Here are others.
1. Litecoin (LTC)
Statistics show that as of July 2018, Litecoin had per token value of $87.56. The coin was created by former Google engineer and MIT graduate named Charlie Lee. Just like bitcoin, Litecoin is not controlled by any central authority. It uses ''scrypt'' as proof of work. Different from bitcoin, Litecoin has got a faster block generation rate. This means that it offers a faster transaction confirmation.
The coin is based on an open source global payment network. The coin is generally accepted by merchants with the number growing each day. In July 2018, it had a market cap of $5.03 billion.
2. Ethereum (ETH)
It was launched in the year 2015. ETH is a decentralized software platform. It enables Distributed Applications and Smart Contracts to be built and run without downtime, fraud, control or third party interference. There exists a component called ether which acts like a vehicle within the ethereum platform. Developers seeking to develop and run applications within ethereum and investors aiming to purchases other digital currencies are the most interested parties in ether.
Value per token of ethereum as of July 2018 was $474.66 and a market cap of $ 47.84. Ethereum is the second most important cryptocurrency from bitcoin.
3. Zcash (ZEC)
Just like other altcoins, Zcash is an open-source and decentralized cryptocurrency. It was launched in the year 2016. This cryptocurrency is known to offer privacy and selective transparency of transactions. It's a unique feature different from other altcoins, isn't it?
ZEC claims to offer extra security where all the transactions are recorded and published on a blockchain. However, finer details involving the sender and recipient, and the amount are kept private. Statistics show that as of July 2018, Zcash had per token value of $206.23. It had a market cap of $904.85 in the same month.
4. Dash
It was originally known as darkcoin. Dash is a more secretive version of bitcoin. The working of Dash makes transactions almost untraceable. This because it provides anonymity since it works on a decentralized mastercode network.
Dash was launched in January 2014. Since then it has experienced an increase in fan following despite the short period of time. The cryptocurrency was created by Evan Duffield. It can be mined using a GPU or a CPU. Studies indicate that in July 2018, Dash had a market cap of $2.19 billion and value per token of $266.58.
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WE ALL KNOW BITCOIN, BUT ARE THERE ANY OTHER CRYPTOCURRENCIES? By Mickael Mosse, Blockchain and Cryptocurrency Advisor

WE ALL KNOW BITCOIN, BUT ARE THERE ANY OTHER CRYPTOCURRENCIES? By Mickael Mosse, Blockchain and Cryptocurrency Advisor
If there’s a word that has disrupted our modern age and integrated fully the virtual part of our advances in technology is Bitcoin. “When we think of Bitcoin, we think about it as an asset to store value or wealth and, since it’s not easily used to pay for product and services, not everybody thinks about it as a currency, specifically a cryptocurrency”, says Mickael Mosse.
In fact, Bitcoin is so unique and trend-setter - although is much more than that -, we wouldn’t think Bitcoin belongs to any category, as it is cryptocurrencies.
Does that mean there are others like Bitcoin? Yes. Mickael Mosse continues: Bitcoin was the first virtual money based on cryptography to allow the creation of a decentralized money system while maintaining the privacy of its users. The technology used to create Bitcoin has been so robust, that it inspired the conception of other digital coins called altcoins, since they are an alternative to Bitcoin.
Although each currency differentiates themselves by the protocols they use to mine new coins or perform other processes intrinsic to a cryptocurrency, there has been a boom in the virtual field and today we have more than 1,600 cryptocurrencies, according to Mosse.
He summarizes some of the main cryptocurrencies, besides Bitcoin: “So let me briefly introduce you to only the five of the most prominent ones besides Bitcoin:

Mickael Mosse about cryptocurrencies.
1. Ethereum (ETH). Although our first instinct is to compare it with Bitcoin, Ethereum is completely different. Ethereum was born to take blockchain technology to build decentralized applications. It introduced the concept of smart contracts and it is now the main platform for other cryptocurrencies and tokens. It’s the second most important in terms of market capitalization.
2. Ripple (XRP). Ripple is a blockchain platform for payments. Its main goal when it was created was to reduce the costs associated with transfer of money. It supports common units of value from cryptocurrency to fiat money, commodities, as well as flier miles and mobile minutes. That’s the main reason why it is the third coin in terms of market capitalization.
3. Litecoin (LTC). Litecoin is the closest to either Bitcoin and to online payment systems like PayPal. It differs from PayPal in that the payments are made using litecoins. But it is also different from Bitcoin in the time that blocks are processed and a different form of cryptography, called scrypt. It has also been third in terms of market capitalization and it’s usually in the top five.
4. Zcash (ZEC). This cryptocurrency is based on Bitcoin’s codebase but it’s main goal is to provide enhanced privacy capabilities. Unlike the transparency offered by Bitcoin, Zcash allows user to control what part of their transactions are visible to others. Although not at the top in market capitalization, this cryptocurrency is getting so much track and is traded on 146 exchanges.
5. Tether (USDT). The same way that the other altcoins are unique, Tether differentiation is based on the fact that is backed by an equivalent amount of fiat currencies held in bank accounts. So it is aimed to offer more stability than other digital coins and, although backed by fiat, it is based in blockchain technology. Although it has suffered some setbacks, in 2020 has jumped to the top ranking in market capitalization.”
Whatever cryptocurrency is your preference, there’s a lot more to know about each digital coins. “Most importantly, altcoins are becoming in the new alternative to fiat, and that’s reason enough for you to not get behind by not knowing that there are a lot of options besides Bitcoin”, advices Mickael Mosse.
Mickael Mosse, Blockchain and Cryptocurrency Advisor.
submitted by williamsouza10 to u/williamsouza10 [link] [comments]

WE ALL KNOW BITCOIN, BUT ARE THERE ANY OTHER CRYPTOCURRENCIES?

If there’s a word that has disrupted our modern age and integrated fully the virtual part of our advances in technology is Bitcoin. “When we think of Bitcoin, we think about it as an asset to store value or wealth and, since it’s not easily used to pay for product and services, not everybody thinks about it as a currency, specifically a cryptocurrency”, says Mickael Mosse.
In fact, Bitcoin is so unique and trend-setter - although is much more than that -, we wouldn’t think Bitcoin belongs to any category, as it is cryptocurrencies.
Does that mean there are others like Bitcoin? Yes. Mickael Mosse continues: Bitcoin was the first virtual money based on cryptography to allow the creation of a decentralized money system while maintaining the privacy of its users. The technology used to create Bitcoin has been so robust, that it inspired the conception of other digital coins called altcoins, since they are an alternative to Bitcoin.
Although each currency differentiates themselves by the protocols they use to mine new coins or perform other processes intrinsic to a cryptocurrency, there has been a boom in the virtual field and today we have more than 1,600 cryptocurrencies, according to Mosse.
He summarizes some of the main cryptocurrencies, besides Bitcoin: “So let me briefly introduce you to only the five of the most prominent ones besides Bitcoin:
1. Ethereum (ETH). Although our first instinct is to compare it with Bitcoin, Ethereum is completely different. Ethereum was born to take blockchain technology to build decentralized applications. It introduced the concept of smart contracts and it is now the main platform for other cryptocurrencies and tokens. It’s the second most important in terms of market capitalization.
2. Ripple (XRP). Ripple is a blockchain platform for payments. Its main goal when it was created was to reduce the costs associated with transfer of money. It supports common units of value from cryptocurrency to fiat money, commodities, as well as flier miles and mobile minutes. That’s the main reason why it is the third coin in terms of market capitalization.
3. Litecoin (LTC). Litecoin is the closest to either Bitcoin and to online payment systems like PayPal. It differs from PayPal in that the payments are made using litecoins. But it is also different from Bitcoin in the time that blocks are processed and a different form of cryptography, called scrypt. It has also been third in terms of market capitalization and it’s usually in the top five.
4. Zcash (ZEC). This cryptocurrency is based on Bitcoin’s codebase but it’s main goal is to provide enhanced privacy capabilities. Unlike the transparency offered by Bitcoin, Zcash allows user to control what part of their transactions are visible to others. Although not at the top in market capitalization, this cryptocurrency is getting so much track and is traded on 146 exchanges.
5. Tether (USDT). The same way that the other altcoins are unique, Tether differentiation is based on the fact that is backed by an equivalent amount of fiat currencies held in bank accounts. So it is aimed to offer more stability than other digital coins and, although backed by fiat, it is based in blockchain technology. Although it has suffered some setbacks, in 2020 has jumped to the top ranking in market capitalization.”
Whatever cryptocurrency is your preference, there’s a lot more to know about each digital coins. “Most importantly, altcoins are becoming in the new alternative to fiat, and that’s reason enough for you to not get behind by not knowing that there are a lot of options besides Bitcoin”, advices Mickael Mosse.
Mickael Mosse - Blockchain and Cryptocurrency Expert
submitted by Accurate-Gap-8536 to u/Accurate-Gap-8536 [link] [comments]

Place of cryptocurrency in the portfolio of a modern investor

Place of cryptocurrency in the portfolio of a modern investor
Hello! 👋🏻 In this post, we will tell you about the place of cryptocurrencies in the portfolio of a modern investor.
📌 Previously, cryptocurrencies were perceived by many as just a toy for enthusiasts who, for some reason, do not like modern money.
💰 Now, cryptocurrencies have become full-fledged money for many, with excellent potential for investing not only in coins but also in the projects themselves, which offer their revolutionary solutions.
🔹 The principle of digital money boils down to the fact that only occasionally some cryptocurrencies can have an additional emission. Most of the coins are only produced in limited quantities.
🔹 Here you can draw an analogy with gold. In the world, its quantity is limited, but it is a valuable asset that will always have a high value and will inevitably grow in value over time.
💎 This is how Bitcoin is perceived by many. And if you look at the chart of Bitcoin and gold, you can find many similarities.
📈 In addition to Bitcoin, there are many other altcoins that tend to grow in value. This was the case, for example, with ETH, which has grown by over 1000% over several years.
💰 Thus, in the long term, the cryptocurrency levels out in price and has the potential for growth and contributes to the diversification of the investor's portfolio. Therefore, cryptocurrency has great investment potential and should be in the portfolio of every investor.
🔹 PYRK is a crypto coin based on such projects as Dash and Digibyte and has a high degree of anonymity (Privatesend).
🔹 PYRK is a highly technological coin with a number of unique solutions, including a triple mining algorithm (SHA256, Scrypt, and X11), instant transaction via InstantSend, etc.
🔹 In addition, PYRK is attractive by the possibility of generating passive income through the deployment of masternodes.
Purchase PYRK here: http://pyrk.org/
https://preview.redd.it/bapt7gw83tf51.png?width=1200&format=png&auto=webp&s=a87ea34023d403dca84e272011686f00d9ba1463
submitted by VS_community to pyrk [link] [comments]

How i see the latest premined cryptocoins pushing onto the market

How i see the latest premined cryptocoins pushing onto the market submitted by ilikeevilpie to Bitcoin [link] [comments]

EDUCATIONAL INSTITUTE FROM COINEX

EDUCATIONAL INSTITUTE FROM COINEX

to Cryptocurrencies: LTC, the most famou
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
The LTC we are going to talk about today is Litecoin, one famous “altcoin”. Why is it called “altcoin”? That’s because it is a copy of BTC, sharing the same technical implementation principle. Legend even has it that “if the Bitcoin is gold, then Litecoin is silver.”
However, what makes LTC stand out from many other altcoins? Let’s take a closer look.
In early years, the popularity of BTC brought about a large number of “copycats”, which sprang up like mushrooms. Only a few of them have survived. As of now, there are at least 30 altcoins around the world, such as the Litecoin, Primecoin, Biocoin, Ripple, ZCC Coin, and Megacoin. Among them LTC took the lead as the most famous altcoin.
The creator of LTC is Charlie Lee, a talent who graduated from MIT and used to work at Google. Inspired by BTC, he designed LTC in 2011.
Although LTC technically has the same implementation principle as BTC, both its creation and transfer are based on an open source encryption protocol, free from custody of any central authority; however, it is different from BTC in that it enables efficient “mining” and faster transaction confirmation even with consumer-grade hardware (2.5 minutes on average). It is said that the LTC network is expected to produce 84 million monetary units.
An “altcoin” as it is, LTC has its own mission and purpose, which is to improve BTC. Moreover, LTC is considered as “the cryptocurrency that has most successfully improved Bitcoin algorithm.”
Compared with BTC, LTC has three significant features:
  1. The LTC network can process one block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation;
  2. The LTC network is expected to produce 84 million LCT, four times the amount of BTC;
  3. LTC uses the scrypt encryption algorithm first proposed by Colin Percival in its proof-of-work algorithm, which makes it easier to mine LTC on ordinary computers than BTC.
In other words, compared with the cryptocurrency system of BTC, LTC has faster transaction confirmation, higher network transaction capacity and efficiency. Therefore, LTC was able to stand out from many “copycats”.
Some BTC players once said: “If you can’t afford Bitcoin, try Litecoin.” The BTC rush has attracted many, and its counterparts, i.e. these “altcoins” represented by LTC, have gone viral as well. According to data from overseas media, the low price of LTC has made China the largest market for LTC transactions. CoinEx, a world-renowned digital asset trading service platform, supports LTC trading, attracting numerous investors to gain wealth.
Charlie Lee, founder of LTC, once liquidated LTC in December 2017, “a crazy action” as it was known in the field. He suggested on social media that he had sold and donated all his own LTC yet without providing more details on the quantity and price of the sale.
At that time, LTC took on a clear upward momentum as its price once soared to $ 375 before Charlie Lee’s liquidation, an increase of 7000% compared to the beginning of the year. Some investors have wondered if it was because Charlie Lee had lost confidence in the future of LTC that he decided to quit. After his liquidation, both LTC and BTC slumped in 2018, sending the cryptocurrency market to a recession.
After the liquidation of LTC, Charlie Lee suggested in an interview that he “regrets selling all Litecoin” because the selling price at that time was lower than the highest level in history in the short run, but he still believed that was a correct decision in the long run. He also mentioned that he would leave this industry after LTC’s success.
In what direction will LTC go in the future? Stay tuned. If you have any idea, please follow CoinEx and let us know.
About CoinEx
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.
CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.
Website: https://www.coinex.com/
Twitter: https://twitter.com/coinexcom
Telegram: https://t.me/CoinExOfficialENG
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Mining: Weird Time to Start, a Good Time to Think

Mining: Weird Time to Start, a Good Time to Think
Well, it’s supposed to be an optimistic article about most promising mining cryptos, but then something happened. No one was too naive to believe that the events unfolded around the COVID-19 pandemic will not affect global markets, but the turbulence that occurred was very significant and, what is most sad, it is still very difficult to say how soon the situation will stabilize.
https://preview.redd.it/9xxheofluzp41.png?width=1024&format=png&auto=webp&s=cd8ca033faddf57ea041e82ceadee1037b8587f1
Many people were already bothered that crypto mining is becoming less profitable in 2020 and will be meaningless very soon, but even though big companies having bigger resources took over most of the industry, cryptocurrency mining using video cards remains available to common users and still has potential.
Despite, the volatility of the cryptocurrency market hashrate of the Bitcoin blockchain network yet remains almost at the same level and that is a quite positive sign. At the moment, the most reliable option seems to be to leave mining to large ASIC-farms and return when the stock panic subsides and the prospects will be clearer.
Although Bitcoin is still the most popular cryptocurrency on the market, every year the complexity of operations necessary for its production increases, and rewards fall (after halving in May 2020, we will talk about 6.25 BTC per block). For mining many altcoins, the threshold for entry is much lower, therefore it makes sense to look for a more profitable option among them.
But first, let’s try to understand a little what conditions we need for profitable mining.
There are several crucial aspects that determine how profitable mining will be. These are such obvious things as the price of the currency or the amount of reward for the generated block.
And this is the reason it is now very difficult to calculate the possible income. One way or another, the market price of altcoins depends on the position of bitcoin, which is experiencing bad times. For several months, the world of crypto mining has been preparing for the May halving, because the reduced supply led to a significant increase in prices. This time should not have been an exception, but now when bitcoin does not rise above $5500 and risks falling below $3500, we can only make vague guesses about its potential price in May. Many analysts tend to believe that closer to the middle of April, the negative effect of the crisis should be reduced, and positive expectations from halving and a large amount of cash from investors should have a positive impact on the price of bitcoin. Altcoins, as a rule, repeat the dynamics of the first cryptocurrency and will also continue their growth to historical highs in the year’s future.
Next, you should also pay attention to the complexity of mining because it affects the time and energy spent on generating the block. Do not forget about the cost of electricity in your region, as one extra-large bill can negate all your efforts to earn money on currency mining.
Do not forget about expenses on a mining rig and it’s amortisation.
In addition to the above, you should find out how practical the chosen currency is: whether it can be exchanged for fiat or more popular coins, what fees are charged by exchanges that work with it, and what reputation it has in general.
In order to avoid unpleasant mistakes, it is easier and more reliable to check the possible profit in one of the many calculators.

Best altcoins to mine in 2020

Monero is the currency with the highest anonymity rates, which stays attractive to many users and remains one of the strongest altcoins. The specific proof-of-work hashing algorithm does not allow ASIC-miners, so it is relatively easy to mine using personal computer’s processors and graphics cards. AMD graphic cards are preferable for this task, but NVidia suits as well. The current block reward is 2.47 XMR.
Litecoin is one of the oldest Bitcoin forks, but unlike it uses a different “Script” PoW algorithm which allows less powerful GPUs to mine coins. Litecoin is on the most popular, and successful Bitcoin forks and considered one of the most stable cryptocurrencies. Block mining reward is 12.5 LTC.
Ravencoin is another Bitcoin hardfork, and like Monero’s its X16R algorithm is practically unavailable for ASIC machines. Raven keeps gaining popularity for many reasons – it has faster block time, higher mining reward (5,000 RVN at the moment) and secure messaging system.
Dogecoin is not a joke anymore. Hard to believe, but this currency once made for fun, became one of the most valuable ones. Like Litecoin it uses Scrypt algorithm and great for mining with GPUs.
One more Bitcoin fork Bitcoin Gold was made specifically to kick out ASICs and clear the road for GPUs. It may not be the fastest-growing currency, but it is definitely one of the most stable.
That’s all for today. Stay safe, cause health is our most important asset.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
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Adam Back: Sidechains Can Replace Altcoins and 'Bitcoin 2.0' Platforms

Adam Back: Sidechains Can Replace Altcoins and 'Bitcoin 2.0' Platforms submitted by abudabu to Bitcoin [link] [comments]

Should MSI accept bitcoin payments?

Should MSI accept bitcoin payments? submitted by classna to Bitcoin [link] [comments]

ASICS for Litecoin. Here They Come.

submitted by XaeroR35 to litecoin [link] [comments]

"As I heard from an insider from @blockchain: they found lost #bitcoin of @mtgox"

submitted by usaoscoin to Bitcoin [link] [comments]

Bitcoin Runner-Up Litecoin Emerges as Low-Price Challenger

Bitcoin Runner-Up Litecoin Emerges as Low-Price Challenger submitted by dsterry to litecoin [link] [comments]

Want to create the next Bitcoin clone? This website makes it easy – too easy

Want to create the next Bitcoin clone? This website makes it easy – too easy submitted by epsd101 to Bitcoin [link] [comments]

LongWaited A Cryptocurrency Beginner’s Guide to Altcoins!

LongWaited A Cryptocurrency Beginner’s Guide to Altcoins!
Welcome to the exciting (and sometimes confusing) world of virtual currency. Alternative cryptocurrencies, like Bitcoin, have revolutionized the way we think about money ever since Bitcoin lead the way for the first wave of cryptocurrencies.
https://preview.redd.it/w885i70z8cj31.png?width=982&format=png&auto=webp&s=1967f8ac45eb297dff080428da086f0891d549a4
At one point, Bitcoin was the only cryptocurrency around, and now, there are thousands. Bitcoin has become the leader that other altcoins follow and remains the most widely accepted virtual currency to date. Whether you are a financial wizard or average person, anyone can join the cryptocurrency game.
The key to understanding and exceling at cryptocurrency is knowledge. Each of the following cryptocurrencies attempt to improve on existing technological solutions. Cryptocurrencies can fulfill many functions, and they aim to work on issues ranging from storing medical data to providing anonymous financial transactions. Many provide a decentralized network allowing efficient anonymous transactions, and in addition, there are Virtual Private Networks (VPNs) that can help ensure security.
What are Cryptocurrencies?
A cryptocurrency is a form of digital currency that comes as a “coin” or “token”. They are largely intangible and were originally designed to be free of a central regulatory authority, like a bank or government agency. At first, it was criticized by the traditional finance industry, but now many are embracing blockchain technology.
Cryptography uses mathematical equations to ensure that the tokens are securely created, stored, and transferred. Anonymity and decentralization are the key components to most cryptocurrencies, and this is why the cryptocurrency world continues to grow in popularity.

Types of Altcoins:

Bcash (BCH)
Bcash originated out of an early hard fork of bitcoin. A fork is when developers and miners of a cryptocurrency disagree on the cryptocurrency’s mining and transaction process, and when this occurs, the currency “splits”. Some developers and investors will choose to follow the original code while others will support the currency’s new “update”. As a result of such a fork, Bcash launched in 2017.
BCH was created to increase the scalability of Bitcoin from one megabyte to eight megabytes which allows for larger transactions. It also removed the Segregated Witness protocol that is used in Bitcoin, which limited the block space available for transactions.
Ethereum (ETH)
Founded in 2015, Ethereum is one of the giants that followed Bitcoin. Ethereum is a decentralized platform that allows you to execute smart contracts and build applications, and you can essentially build other cryptocurrencies off the Ethereum platform. Its token is known as ether, and ether is used by other developers to run their own applications or as a token to buy other cryptocurrencies.
In 2014, Ethereum had its first official presale. This was essentially the first initial coin offering (ICO), and these are now a popular source of funding within the industry. After 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC), and it is still one of the most valuable coins on the crypto-market space.
Zcash (ZEC)
Launched in 2016, Zcash is based on a decentralized and open-sourced platform. Zcash prides itself on its ability to ensure privacy and transparency during each of its transactions, and it claims it is the “https” of the crypto world. Essentially, it is added privacy to already pre-existing crypto-transactions.
They even offer an added feature of “shielded” transactions, which allow for further crypto-security. Zcash developers came up with an innovation called zk-SNARK, and this revolutionized the way cryptography is used to secure crypto transactions.
Dash (DASH)
Dash is a more private form of bitcoin and comes with features like DarkSend and InstantX that provide added support to protect anonymous transactions. It was originally known as Darkcoin and was renamed Dash in 2015.
Dash allows you to make nearly untraceable transactions. It offers stronger anonymity than most cryptocurrencies and is based on a decentralized network. Founded in 2014, it was founded by Evan Duffield and quickly gained popularity among crypto-enthusiasts and investors. It differs from other coins in that it can be mined with either a GPU or CPU.
Ripple (XRP)
Founded in 2012, Ripple aims to work as a global network of low-cost payment transactions. XRP works to allow banks and individuals to make international payments at low costs while ensuring a high level of transparency. You cannot mine ripple which helps reduces latency issues.
It also decreases the need for high computing strength that some other coins need for mining. Many popular banks have already adapted Ripple technology for cross-border payments because it is the most popular cryptocurrency for traditional investors. Traditional investors understand ripple’s utility as an efficient method of cross-border transactions.
Neo (NEO)
Originally known as Antshares, Neo was founded in 2014. Called the “Chinese Ethereum”, it is the largest Chinese cryptocurrency. It utilizes smart contracts in a similar way to ETH. Neo owes much of its success to its ability to support multiple programming languages on its platform.
EOS (EOS)
Launched in June 2018, EOS is one of the newer currencies, and it was created by a well-known mind in the blockchain world, Dan Larimer. Before starting EOS, Larimer started and popularized Steemit which is a popular social media site that was founded on blockchain technology.
EOS is founded on the same platform as Ethereum. During their ICO, EOS was able to generate close to $4 billion in funding, which is one of the highest recorded. Its proof-of-stake system aims to provide more scalability than other currencies. Also, EOS differs in that there is no mining. To replace the need for miners, block producers are rewarded in tokens depending on their rate of production.
Cardano (ADA)
In 2017, Cardano was founded by a co-founder of Ethereum. Carles Hoskinson hoped to combine the benefits of Ethereum as well as fulfill several other functions. ADA looks to solve the issues that come with other digital tokens by focusing on interoperability. They also hope to solve problems of scale. ADA has the ability to make financial transactions in mere seconds, when before it could take days, and this is an added benefit to those in the cryptocurrency industry.
Monero (XMR)
Designed to be an anonymous currency, XMR is focused on security and privacy. It was one of the older altcoins to become fully established after being founded in 2014. Unlike other virtual currencies, monero’s funding is completely dependent on grassroots community funding. XMR utilizes a rather unique technique known as “ring signatures”.
With ring signatures, transactions using XMR have added anonymity. A group of cryptographic signatures will appear with each transaction, but only one of which is the “real” one. They all seem as if they were completely valid, which provides more security, and for people seeking private transactions, this is a draw to use the form of XMR for cryptocurrency.
Litecoin (LTC)
One of the more well-known altcoins, Litecoin has been around since its founding in 2011. Its founder, Charlie Lee, formerly worked as a Google engineer and is a well-respected figure in the blockchain-sphere. LTC is open-source and utilizes scrypt as proof-of-work.
Litecoin is very similar to Bitcoin but works much faster, and it can generate blocks quicker and can confirm transactions at a higher rate. Litecoin has been adopted and endorsed by banking companies around the world because of the benefits it offers to users.
Original Blog Post Link: https://torguard.net/blog/a-cryptocurrency-beginners-guide-to-altcoins/
submitted by Tokenberry to NewbieZone [link] [comments]

Why mine other crypto currencies?

Is it not better to just mine bitcoin only since its value is a lot higher than ethereum and other currencies?
submitted by Pyro_Woof to BitcoinBeginners [link] [comments]

Are all altcoins just pump and dumps?

I see no reason for 95% of altcoins to exist besides peoples greed in the hope its value will blow up...
submitted by howmuchforthissquirr to altcoin [link] [comments]

Bitcoin mining is a bit more than just number crunching

The charming cryptocurrency and the many ideas that surface in the minds of the observers typically surround couple of apparent concerns - how does it enter being and what about its flow? The response, nevertheless, is uncomplicated. Bitcoins need to be mined, in order to make the cryptocurrency exist in the Bitcoin market. The mystical developer of Bitcoin, Satoshi Nakamoto, imagined a method to exchange the important cryptocurrencies online, by getting rid of the need for any central organization. For Bitcoins, there's an alternative method to hold the essential records of the deal history of the whole blood circulation, and all this is handled through a decentralized way.
The journal that helps with the procedure is called the "blockchain". The essence of this journal may need lots of newsprint for appearing frequently at all popular Bitcoin news. Blockchain broadens every minute, existing on the makers associated with the big Bitcoin network. Individuals might question the credibility, even credibility, of these deals and their recordings into Blockchain. This too is nevertheless warranted, through the procedure of Bitcoin mining. Mining allows production of brand-new Bitcoin and assembling deals to the journal. Mining basically involves fixing of complex mathematical estimations, and the miners utilize enormous computing power to resolve it. The private or 'swimming pool' that resolves the puzzle, positions the subsequent block and wins a benefit too. And, how mining can prevent double-spending? Practically every 10 minutes, impressive deals are mined into a block. So, any disparity or illegitimacy is entirely dismissed.
For Bitcoins, mining is not mentioned in a conventional sense of the term. Bitcoins are mined by using cryptography. A hash function described as "double SHA-256" is used. However how tough is it to mine Bitcoins? This can be another inquiry. This depends a lot on the effort and computing power being used into mining. Another element worth pointing out is the software application procedure. For each 2016 blocks, problem involved in mining of Bitcoins is changed by itself just to keep the procedure. In turn, the rate of block generation is kept constant. A Bitcoin problem chart is an ideal procedure to show the mining trouble in time. The trouble level changes itself to increase or down in a straight proportional way, depending upon the computational power, whether it's being sustained or removed. As the variety of miners increase, portion of revenues been worthy of by the individuals decrease, everybody winds up with smaller sized pieces of the revenues.
Having private economies and neighborhoods, cryptocurrencies like Dogecoin, Namecoin or Peercoin, are called Altcoins. You can easily track your different cryptocurrency by using reputable portfolio trackers.These are options to Bitcoin. Practically like Bitcoins, these 'cousins' do have a substantial fan-following and enthusiasts who are eager to take a deep plunge into the big ocean and start to mine it. Algorithms used for Altcoin mining are either SHA-256 or Scrypt. Numerous other ingenious algorithms exist too. Alleviate, price and simpleness can render it possible to mine Altcoins on a PC or by using unique mining software application. Altcoins are a bit 'down to earth' compared to Bitcoins, yet changing them into huge dollars is a little challenging. Cryptocurrency enthusiasts can simply hope, if a few of them might witness the comparable huge popularity!
submitted by Katherine4512 to BitcoinBasic [link] [comments]

Starting up my Mining experience. Now what?

Ok so first real post here on Reddit. I'm getting ready to join some pools and mine some coins . Ordered 3 750tis today and am wondering what should i start mining and how much difference is there between cgminer and Cudaminer? Any help or advice is appreciated .
submitted by Ryuzaki83 to altcoin [link] [comments]

What is causing the drop in primecoin price? Its dropping a lot faster than other coins

Any idea why?
submitted by coolbrat88 to primecoin [link] [comments]

Is it still worth to invest in a low end asic miner?

Hi all.
I'm new in this cryptocurrency matter so my question is already laid.
Is it still worth investing in an antminer o some USB erupters for cryptocurrency mining? Which currencies can be mined with asic?
Let's say I have around 100-120 usd laying around and I'm considering buying some of those. Electricity expenses don't matter that much since the cost per kw/hr here is around 20 cents and it is my guess that 2 or 3 USB devices wouldn't add that much of an additional charge to what I already got in my budget.
submitted by AlexDeSmall to CryptoCurrency [link] [comments]

Verge Currency Beginner's Guide

Verge Currency Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx (Transaction) Speed 5-10 Seconds
Tps (Transactions per sec.) 100 (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Stealth Addresses It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
RING CT Under development
See our blackpaper V5.0 for detailed information.
Development Updates
Marketing Updates

Wallets
Mining

Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇨🇦 Canada
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:

Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
Last Edit: Latest development update links are added to the Tech section.
submitted by Desolatorbtc to vergecurrency [link] [comments]

Bitcoin Cloud Mining Script The End of Bitcoin Mining - Crypto Mining is DEAD Bitcoin Hack 30 BTC Free Bitcoin Mining Blockchain Script ... Scrypt Altcoin Mining Rig CryptoGold English Review Bitcoin & Altcoin Mining

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Bitcoin Cloud Mining Script

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