How To Mine Bitcoins: A Fast And Easy Guide

Virtual currencies have been around for several years now, and none among them are as popular as the Bitcoin. One of the first mainstream cryptocurrencies, the Bitcoin has rapidly become the best coin to mine owing to its relatively easy availability. However, mining takes time and effort and it is difficult to guarantee which efforts will produce the best results. If you’re wondering how to mine cryptocurrency solo, we’ve put together this guide with some of the best tips on how you can mine Bitcoins.

Bitcoin faucets

These are essentially sites that you visit frequently and that feature ad you click on to earn coins. These amounts are usually very small amounts and are typically not worth the time and money invested into them – however they’re a good option if you’re just learning how to mine cryptocurrency.

Trading Bitcoin

This method involves a lot of time, effort and capital to truly understand how the market works. Once you’ve accomplished that there is no limit to the amount you can earn. Invest some effort upfront and learn the tricks of how to mine all cryptocurrency.

Trying your luck at Bitcoin casinos

This is an obvious and extremely high-risk tactic to rack up your Bitcoin stash. There are multiple online casinos where you can gamble for Bitcoins and potentially make a lot. While there is always an element of risk involved, therefore, it is advisable to gamble at provably fair casinos which use cryptography to demonstrate to users that they are not tampering with the results.

Writing about cryptography

An easy way to earn in Bitcoins is to write about cryptography for journals or blogs online. This is a viable option if you have a knack with words and a fair amount of knowledge about how to choose cryptocurrency and other such topics. Write some samples first before pitching to publications to have a better chance of scoring projects with high pay.

Lending out Bitcoins

A high-risk method of earning Bitcoins that potentially brings in big rewards is the loan of Bitcoins. Owing to their high risk the associated rates of interest are extremely high. However, the lack of loan collateral makes it easy for borrowers to abscond with your money, which is why it is not recommended to loan out your Bitcoins.

Claiming Bitcoin forks

Forking is basically the creation of a new Bitcoin out of an existing one. People who owned the original are now able to claim the forked one as well. Take care while claiming your forked coins to follow all existing guidelines carefully, as any mistakes could result in you losing your Bitcoin

Useful Tips On How To Invest In Cryptocurrency?

Cryptocurrency is one of the hottest trends of the 21st century, and it isn’t dying out anytime soon. With Bitcoin, the original stalwart of the cryptocurrency gang, other rivals like Ripple and Ethereum have popped up and many more are on their way. With the hype surrounding cryptocurrency, it is no surprise that people are keen to invest in it. As with any other investment, it is essential to keep certain things in mind before putting your money into cryptocurrency. If you’ve been wondering how to invest safely in cryptocurrency, here is a quick guide that explains step by step on how to invest in cryptocurrency.

Bear in mind that cryptocurrency is volatile

Cryptocurrency is as volatile as any company stock and even more. A cryptocurrency that is worth $1000 at 12:00 PM may crash to $500 by 3:00 PM, and vice versa. Bitcoin was the king of cryptocurrency a few years back, but it’s not nearly as valuable now. You should thus have a considerable risk appetite and full awareness that what you invest today may double or halve any time.

Never put all your money into one cryptocurrency

A cryptocurrency that rules the market today may crash out tomorrow. And the more money you have invested in it, the more you stand to lose. It is thus crucial that you work out on a strategic plan on how to invest in multiple cryptocurrencies and thus spread out your risk. So even if one fails, your overall losses will be minimized.

Research every cryptocurrency you consider

It is of paramount importance to research on every single cryptocurrency you want to add to your portfolio. There are multiple whitepapers and research documents available, and while it may not be the most exciting of tasks, it’s worthwhile to invest your time now to avoid losing money on dubious or fraudulent cryptocurrency later. Read the whitepaper, determine for yourself the value that the cryptocurrency is bringing in and make an informed choice.

Look up the team behind a cryptocurrency

One of the most reliable ways to weed out cryptocurrency scams is by looking up the team of people behind it. You should thoroughly research each of the names mentioned and their professional background, particularly their prior experience in cryptocurrency. And if there are any obvious red flags, like fake profile photos or no evidence of work records online, you should immediately forget about investing in that cryptocurrency.

Yahoo finance cryptocurrency

Yahoo finance is an online platform owned by Yahoo network group which provides the users, financial news, reports, stoke quotes etc. If you want to know about financial business, then Yahoo finance is the most reliable platform. It is one of the world’s largest news sites for financial purposes.

However, recently Yahoo finance has created a buzz in the global financial world when it announced that it is extending its support to cryptocurrency. This perhaps is the biggest milestone for cryptocurrencies.

Initially, the service was provided for four popular cryptocurrencies namely Bitcoin, Ethereum, Litecoin, Bitcoin cash. The users can trade these cryptocurrencies through Coinbase and Robinhood API integration. This is a very big step for the mainstream exposure of cryptocurrencies.

This step by Yahoo Finance is very helpful for both the users and also the cryptocurrencies. Yahoo finance has an average of 70 million users every month. So by allowing cryptocurrencies into its ecosystem, it improved the reach of cryptocurrency. A number of people will be exposed to the various features of cryptocurrencies. The rise in the value of bitcoin after the release of this news is the best example of this.

Even to the users who are familiar with the concept of cryptocurrency, there is always a confusion about the market and stoke value of cryptocurrencies. This is because of the frequent fluctuations, cryptocurrencies experience on a daily basis. To avoid such ambiguity, yahoo finance is the best option for any kind of news or reports of cryptocurrencies. Moreover, Yahoo finance isn’t a newbie in the market. The prior reputation it has makes it the most reliable source of information in the financial market.

According to many financial analysts, this kind of mainstream exposure is vital for the promotion of cryptocurrency. This will lay the foundation for the long term success of cryptocurrencies and other digital assets. If yahoo finance continues its support to cryptocurrencies the same way as now, then it cryptocurrencies will take over the global financial market, very soon. To know more about financial business check here.

In conclusion, Yahoo finance cryptocurrency is a very huge step on every level. It will be even more revolutionary if Yahoo launches its own ICO or tokens and take crypto exchange to a whole new level.

Myths about busting cryptocurrency

Cryptocurrency has become an important sector in the business as well as personal sector. This is because of the high security in the transactions coming from decentralization. This provides the transactions to take place directly between the two sides with zero involvement of any third party. However, due to its popularity, there have been a number of myths created about busting cryptocurrency. Some of the myths are as follows:

  1. Cryptocurrency has no future

Due to the rapid increase in the crypto sector, this digital currency would be used just like the physical currency and even could replace it in the future. This is because of the blockchain that provides users with a safer way for the transactions. This will result in an increase in the number of cryptocurrencies.

  1. Many countries see it as an illegal way of transaction

There are many countries which have not included the cryptocurrency for transaction purpose. This is because of the decentralized feature. However, cryptocurrency is not illegal and can be used just like the physical currencies.

  1. Cryptocurrency is more helpful for criminal activities as compared to the physical currency

Cryptocurrency can be used for illegal activities just like any other physical currency. However, it is used less for such activities as compared to the physical ones. This is because of the complete tracking of the product in the blockchain. In fact, these digital currencies have more benefits as compared to the physical ones. These benefits include fast transactions along with no involvement of the third parties.

  1. Cryptocurrency is risky to buy

Cryptocurrency is not used by the users as they think that there is no user with whom they can exchange these. Therefore, it is riskier to buy these digital currencies. However, cryptocurrency provides the users with many advantages that can easily compensate their fear of buying these currencies.

  1. Cryptocurrency lacks in security

Cryptocurrency cannot be hacked easily as it involves a high level of security. This hacking takes place because of improper programming of the services provided in the crypto field.

Cryptonia

 

Cryptocurrency is growing in every possible field nowadays. Have you ever thought about playing Poker with Cryptocurrency? Cryptonia Poker comes in as the most relevant choice. It is the best invention of Cryptocurrency that brings together the thrill of poker with the transparency, security, and privacy of cryptocurrency. You can easily enter into the Poker room using the Blockchain technology. Cryptonia Poker uses a special currency called Cryptonia abbreviated as CPC. This has opened a new way of investing your money profitably.

How to play?

Cryptocurrencies like Bitcoin, Etherium, and Litecoin are currently accepted to play poker. You can easily load it using your Cryptocurrency wallet and can play using the Token. These tokens are Etherium based tokens which can be loaded in your account by using accepted currencies. Tokens make the whole deposit and withdrawal system super easy. You can easily and securely load your account with top-ups.

More about Cryptonia

The project was first announced on March 27, 2018. The technology used is Ethereum (ERC20). The team is located in the United States. The total supply is 1,000,000,000 CPC. The poker community is available on YouTube, Twitter, Reddit, Github, and various other social media platforms.

Reasons to Cryptonia

There are various reasons why Cryptonia Poker is the best way to play poker. First, of course, is its transparency. The next best reason is the security and privacy of Cryptocurrency. We all know that Cryptocurrency is seen as the currency for future because of its security and privacy. The same features are brought in this poker game by cryptocurrency. The whole new Cryptonia poker makes it more fun, fair, and fabulous. You can choose to play poker anytime, anywhere, and with anyone in the world. The Blockchain ensures the shuffling of cards and each and every table, unique and purely random. This makes the system un-cheatable. Cryptonia poker brings the craze of poker once again with such a transparent system and brings that fun factor along with making use of your cryptocurrencies.

 

 

 

Cryptocurrency in Health Care Industry

 

Data breaches are a nightmare in any industry. No matter how sophisticated the security system is, any possible breach can cost a divesting aftermath cost to fix the problem. The health care industry suffers a high hit in terms of cost breaches. It is almost 2.5 times the global average when compared with other global companies. This is because patient privacy is always a top priority in any health care industry.

The solution to this problem came in the form of cryptocurrency and the blockchain technology used in it. The blockchain technology is helping to create various platforms that assist the interactions of patients with the healthcare community with utmost privacy. The following are the top 5 cryptocurrencies that are being used in recent times:

  1. Docademic (MTC):

The main aim of Docademic coin is to use blockchain technology for providing free health services. This is the safest platform to exchange any kind of health and medical reports. The Medical Token Currency platform uses Artificial Intelligence to assist doctors to help them while treating and diagnosing their patients.

  1. Patientory (PTOY):

This blockchain powered platform will enable patients, doctors, and healthcare communities to access and transfer patient information safely. Patientory uses a transformational blockchain to connect all the systems in a healthcare community for the safest transfer of records.

  1. Medicalchain (MTN):

This is a large scale platform which brings the patients, doctors, health communities, researchers, and laboratories from across the world in touch. The main aim of this platform is to enable quick and safe access to medical records of every patient on a wide scale (across the world).

  1. Project Shivom (OMX):

This is the most revolutionary project that has ever happened in the healthcare industry using blockchain technology. Project Shivom enables the collaboration between DNA data donors and biotechnology, healthcare, and government-funded research institutions.

  1. DentaCoin (DCN):

The aim of DentaCoin is to provide a safe platform using blockchain technology exclusively for global dental society. Dentacoin is currently working on creating a community for the dental industry globally that benefits people having cryptocurrency and helps to make a better community through it.

 

Crypto for Learning new Languages

 

Cryptocurrency is gaining popularity with each passing day. Nowadays when almost everyone is entering the world of crypto, it is necessary to consider crypto while mastering a new language. It really does not matter whether you want to go deep into developing blockchain technology or you just want to know what exactly is going behind the veil of the crypto world. You will have to choose the right language to start with.

 Some Languages for Crypto

There are many languages essential for getting to know crypto better. This extends beyond the basic Bitcoin Technical analysis you may already conduct.  To list a few, some of the languages include C++, Simplicity, Javascript, python, solidity, and Rholang. These listed languages are commonly used language to understand learn Blockchain development. Although, C++ and Simplicity are some of the best languages for crypto. C++ has some limits when it comes to smart contract work. So, to overcome it Blockchain developers use simplicity on the top of the C++. Simplicity is a new language when compared to C++. Due to its human-readable smart contracts, simplicity has become the best choice for crypto. There is already a smart language for Blockchain called Bitcoin Script. When compared to simplicity, Bitcoin Script is a bit low-level language. This is another reason why programmers are using simplicity in addition to Bitcoin Script. The other mention languages are some of the oldest programming languages. These languages being so powerful are used for building blockchain as well as writing smart contracts.

 Choosing the Best Language

If you want to choose one language to start with, then, you really need to go deep into the field you want to work in. For instance, if you planning to develop a new cryptocurrency or adding more to the current, you should definitely start with Simplicity and Bitcoin Script. On the other hand, to get more control over cryptocurrency and blockchain, you need to go with other languages. C++, Javascript, Python and other mentioned languages are used for the same. It also helps you in customizing the Blockchain and Cryptocurrency. In other words, you get more control by these.

What is Cryptonator?

Cryptonator is one of the best multi-use online bitcoin wallets. It is an all in one wallet because it supports all the Cryptocurrencies including but not limited to Bitcoin, Litecoin, Ethereum etc. By using Cryptonator it is possible to transact and exchange between different Cryptocurrencies through one personal account. It is one of the most secure wallets available with lots of features. The most important features needed for every crypto wallet are Extreme level of security, Privacy as well as anonymity. Cryptonator provides it all. Also, you can create a free multi-currency account. The wallet can be accessed anytime from any location in the world. It can be accessed through laptop, desktop, and also has Android App available for easy usage on Android Mobile.

Features of Cryptonator

Multi-currency account: You can manage many different cryptocurrencies using one single personal account. It saves your lot of time. You can quickly and securely store, receive, and send any cryptocurrency.

Instant currency exchange: If you are looking to exchange any cryptocurrency like bitcoin to any other supporting currency, your search is over. Cryptonator gives you currency exchange at best rates and without any fees.

Anonymous and Secure: This is one of the most needed features for any crypto related things. Cryptonator provides Bank-grade security and the next generation account protection. Along with this, they have Encrypted SSL connection over HTTPS, 2-factor authentication as well as trusted IPs. Hence, you don’t need to worry about security.

 

Other Utilities offered

Along with all these, there are certain other utilities provided by Cryptonator for everyone. One of them in a converter where you can easily convert any currency to USD or other currency. The sync is done every minute. So, the rates are almost accurate. They also have a chart for winners and losers. It shows the exchange rates of all the currencies from the last 24 hours. Same as the converter, the rates are updated every minute. You can decide your next investment by carefully analyzing the chart. They also have a developers API.

With all these features, Cryptonator is rated 4.6 out of 151289 reviews.

Multi-Signature Cryptocurrency Wallets you should know about

 

If you are investing in cryptocurrencies, you should be aware of the wallets to store your coins into.  Many frauds and loosing of private keys is not uncommon in the crypto world. Here are some of the best multi-signature wallets you should be aware of to keep your coins safe and secure.

Traditional wallets use a single signature system i.e. in which a single private key is used for verifying and signing a transaction. Although it may seem more facilitating, it is a very risky system and not entirely secure.  If this single key is misplaced or stolen, then the investor can lose all the coins.

To remove these disadvantages of traditional hardware and software wallets, multi-signature wallets are introduced.

What does a Multi-Signature Wallet means?

As their name suggest, a multi-signature wallet requires multiple keys to authorise a transaction. The responsibility of possession is not autonomous but is divided among different signatures. This technology makes it completely safe and secure.

These types of wallets require M-of-N signatures. For example, you configure your multisig wallet for 5-of-7 authorized signatures, which means at least 5 signatures out of 7 signatures will be required to verify the transaction. Only then the transaction will become a valid transaction.

The main advantage of using a multi-signature wallet is making your bitcoins ultra-safe and secure. It also removes the power from the hands of a single person and the power is decentralised.

Best Multi-Signature Wallets in the Crypto Market

  1. Electrum

Electrum wallet is the oldest Bitcoin wallet which gives a multi-signature feature which was released under a MIT license. It is the most trusted bitcoin wallets in the market with a 15-of-15 signature to authorize Bitcoin transactions. It is available for Windows, Android, Linux and Mac OSX.

 

  1. Armory

Armory is an open-source HD wallet with multi-signature and cold storage facility. It gives a 7-of-7 signature in its Lockboxes feature.

 

  1. Copay

Copay is a HD wallet which supports multi-signature addresses and the user is in charge of all the private keys. It provides up to 2-of-3 signature to verify and sign the transaction. It also provides testnets on iOS and Android.

 

How is Bitcoin Cash different from Bitcoin?

 

Bitcoin Cash is the updated version of Bitcoin. The main difference between Bitcoin and Bitcoin cash is the larger sizes if blocks used in Bitcoin Cash.

 

How does the Bitcoins token work?

Proof-of-Work algorithm is used in Bitcoin mining process which solves a block in every 10 minutes and new Bitcoins are created. The Bitcoin’s capacity can be increased by increasing the size of the blocks which will allow more transactions to pass through it.

But Bitcoin chose not to increase the blockchain size because Bitcoin was originally created to a lightweight and decentralized currency by Satoshi Nakamoto. If the transactional capacity is increased, Bitcoins will become heavyweight and the miner will have to store the entire blockchain on their computers which will make the network centralized.

The very motive of Bitcoin is to create a peer-to-peer online decentralized platform. Bitcoin cash increased the transactional capacity but also made it centralized to some extent, which is why Bitcoin users did not accept this feature and Bitcoin Cash was created.

 

How do Bitcoin Cash works?

Bitcoin Cash was created which has a larger block size with a higher transactional capacity. It forked out from Bitcoin and a new cryptocurrency was formed.

Bitcoin cash addresses the problem of higher transaction time with its fast processing of transactions. It is slowly becoming a fast and friendly option for users to use cryptocurrency in day-to-day transactions making it widely accepted.

 

Struggles for Bitcoin Cash

The brand image of Bitcoin is the major benefit for Bitcoin Cash. Its strong association with Bitcoin and its powerful branding has won many admirers and buyers for Bitcoin Cash.

On the other hand, many enthusiasts see Bitcoin Cash as a threat to Bitcoin and thus condemn it. The investors in the crypto market, do not recognise Bitcoin Cash as a replacement for Bitcoin and refuse to invest in it, which creates struggles for Bitcoin Cash.

 

Future of Bitcoin Cash

Bitcoin Cash will continue to rise and will stay in the top ten cryptocurrencies. It may or may not be able to overthrow Bitcoin completely but it will definitely be recognised for being a lightweight and fast cryptocurrency making efficient transactions.