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Which Cryptocurrency Is Easiest To Mine

Cryptocurrency 101: The Complete Beginners Guide | Finder.com

Cryptocurrency 101: The Complete Beginners Guide | Finder.com

In a world where everythings gone digital, cash and money in general have been left behind. Even considering the widespread use of credit cards and online transfers, we still expect physical money to exist somewhere whether thats a bank or a wallet. Cryptocurrencies aim to change these antiquated notions of third parties and physical cash by not existing anywhere but in a digital database called a blockchain . In its simplest form, a cryptocurrency allows users to transfer money almost instantly, with cheap transaction fees and no third parties involved. Over the years many cryptocurrencies have moved beyond this core component and built platforms that allow users to transfer anything from money to real life assets such as cars and real estate, all using the blockchain technology introduced by bitcoin. The crypto part in the name cryptocurrency comes from the fact that transactions the act of transferring assets such as currency and digital or real life assets between a sender and a recipient are encrypted for security, a process known as cryptography. Cryptography is used for three reasons: To protect transactions from being tampered with To protect the identity of parties acting in a transaction To enable the creation of new coins via the mining process The road to cryptocurrencies starts in the 1980s. In an effort to protect the cash of small shops and gas stations, banks began investigating and pushing the idea of points of sale, where a customer can use a credit card instead of cash to pay for products. Later, in the 90s, came a web-based payment system still used today: PayPal . This gave merchants the power to accept credit card payments online and it introduced the idea of transferring fiat currencies directly between end users entirely online. With PayPal prov Continue reading >>

Using A Tesla S For Cryptocurrency Mining Is Now A Thing

Using A Tesla S For Cryptocurrency Mining Is Now A Thing

Using a Tesla S for Cryptocurrency Mining Is Now a Thing Using a Tesla S for Cryptocurrency Mining Is Now a Thing JP Buntinx December 2, 2017 News , Technology It is always interestingwhen the worlds of technology and cryptocurrency come together. The Tesla brand hasreceived a lot of praise and attention as of late. In a way, it is not entirely surprising that people would findotheruse cases fora Tesla-related technology outside of self-driving cars. One Tesla owner is using free power from a local SuperCharger to mine Bitcoin. It is an interesting and quite lucrative venture,to say the least. On paper, it may sound impossible touse one of Teslas Supercharger stations to mine Bitcoin. After all, they cant exactly be hooked up to regular Bitcoin mining hardware or even a power plug. That hasnt kept one particular Tesla owner from experimenting with this technology, though.This person built a Bitcoin mining rig right into the trunk of the car, which is charged through the Supercharger. All ofthat energy is used to mine Bitcoin continuously. While this may sound like a lot of work, itcould prove pretty lucrative as well. With the Bitcoin price shooting up this year, it is evident there is widespread interest in mining the worlds leading cryptocurrency.Doing so is often much easier said than done, though, since electricity is not cheap to come by. The Tesla Supercharger effectively changes that equation. All Bitcoins generated through this process are 10% profit, minus the original investment cost of the mining rig itself. While this is an option worth exploring for all Tesla owners, it is doubtful we will see more people take this approach. It is commendable to see people take advantage of this electricity loophole right now, but it is something Tesla will pay attention t Continue reading >>

Best Cryptocurrencies To Mine With A Pc

Best Cryptocurrencies To Mine With A Pc

by Alex Lielacher 25,675 Investors read this Cryptocurrency mining refers to the process by which new digital currency is released or brought into circulation. This happens when so-called miners use their processing power to record and verify transactions. The process of verifying transactions that happen on the blockchain involves solving complex mathematical equations. As a reward for keeping the network in good working order, miners receive a predetermined amount of new coins when they verify and process transactions. In the early days, it was possible to mine bitcoin with just a PC or a laptop. However, as the mining difficulty increased over time, individuals were unable to keep up. Companies started to see bitcoin mining as a business opportunity and joined the space by building rooms full of computers to mine the digital currency, making it even more difficult for regular people to compete. Moreover, the introduction of Application Specific Integrated Circuit (ASICs), which are chips designed specifically to mine bitcoin, acted as a further impediment to mining bitcoin on your PC. While mining bitcoin on your computer is currently unfeasible, it is still possible to successfully mine other cryptocurrencies with just your PC. This article discusses three of the best cryptocurrencies you can mine using your PC. Monero stands out among other cryptocurrencies as it is widely considered as the most advanced anonymous digital currency. Monero is based on a proof-of-work algorithm known as CryptoNight, which is designed with certain specifications that make it difficult for Monero mining using ASICs to work well. In turn, it is actually relatively easy to mine Monero on your PC. To mine with just your CPU, all you need to do is download Monero mining software, install Continue reading >>

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Using below table, you can check how profitable it is to mine selected altcoins in comparison to ethereum. Please note that calculations are based on mean values, therefore your final results may vary. For best results fill all fields with your hash rate and power consumption. Input Groestl hash rate, not Myriad-Groestl. Default values are adapted for three 480 cards. Continue reading >>

Ethereum Is The Best Cryptocurrency To Mine

Ethereum Is The Best Cryptocurrency To Mine

Ethereum Is The Best Cryptocurrency To Mine As things stand at the beginning of 2018, there is no easier recommendation to make than to mine for Ethereum. Not only is it more directly profitable in terms of the cash value of altcoins mined compared to the likes of Bitcoin (no farm-level mining requirements here even a solo player can reap a regular, if modest profit from Ethereum), there are also some long-term considerations that are about to come into play. For those of you who are unaware of this new development in Ethereum, Casper is a planned upgrade to Ethereum due to see the light of day soon ish. You see, its hard to be sure, since Ethereum have been promising Casper for a few months now, and theres still no sign of it. Regardless, once it arrives, it will completely change the way that Ethereum is earned, as it adds a new PoS (or, Proof-of-Stake) algorithm to the regular PoW (or, Proof-of-Work) that already exists on the network. What this means, in real terms, is that for every 100 blocks added to the chain, there will be one solo block that is validated via the PoS algorithm. Thats right automated validation. This is a massive change in the rules of cryptocurrency , essentially taking mining out of the equation, so why bank all your processing power on Ethereum, if its only going become a redundant exercise in the coming months? Simply because, with Ethereums Virtual Machine (the distributed computer network that runs alongside the blockchain) you are able to stake your existing cache of Ethereum in order to improve the running of the network, and get more back off your investment by doing so. Once Casper is in place, Ethereum will suddenly become a more stable and reliable currency for corporate partners, all of whom will need access to the Virtual Machine Continue reading >>

What Are The Easiest Cryptocurrencies Tomine?

What Are The Easiest Cryptocurrencies Tomine?

Blockchain Marketing Specialist (/ Subscribe (/ ICON ($42M) / MediBloc ($30M) / BOScoin ($12M) / :0 What Are the Easiest Cryptocurrencies toMine? Its hard to say which cryptocurrency is easiest to mine because there are many parameters involved. Thats especially the case if one is using a regular PC because cryptocurrencies are an extremely versatile and unreliable asset. The cryptocurrencies listed below are classified as easiest based on the technical requirements and values needed for their mining. For example hash rates , fees for mining pools and electricity consumption. Florin coin is a next-generation cryptocurrency that was created in 2013. It has a Scrypt proof of work algorithm and completes a block in 40 seconds. Florin coin is really easy to mine on a regular PC. Sure coin is built on Crypto Note, which is one of the most secure crypto solutions. Quark protocol is used for the encryption of sure coin. Currently, Sure coin is one of the most popular obscure cryptocurrencies. Feather coin is an open source digital currency with monetary properties linked to Bitcoin, Litecoin and many other altcoins. It uses a N-scrypt and completes a block within a minute with a relatively low difficulty rate. World Coin is a second generation Scrypt protocol/decentralized digital currency that has low difficulty and can complete a block within 30 seconds. WorldCoin can be used anywhere around the world. One may buy or sell WorldCoins by using ones own choice of several different online exchanges or physical WorldCoin ATM machines. Although these four coins are easy to mine on regular PCs, its questionable how much profit they could bring. Currently, in terms of profitability, one of the best cryptocurrencies to mine is Monero. Monero (XMR) is interesting cryptocurrency, main Continue reading >>

6 Easiest Coins To Mine: Cryptocurrency Mining On A Normal Computer

6 Easiest Coins To Mine: Cryptocurrency Mining On A Normal Computer

6 Easiest Coins To Mine: Cryptocurrency Mining on A Normal Computer Published on October 21, 2015 at 10:17 am by Georgios Vasileiadis in Lists What are the easiest coins to mine on a normal computer? Crypto-currencies have become a hot potato for economists and government officials alikesince they were first introduced to us back in 2009 through BitCoin, which up to this day remains the most recognizable crypto-currency among the 10 most popular cryptocurrencies in circulation today . Researching for the 6 easiest coins to mine on a normal computeris not a simpletask to do, as crypto-currencies are an extremely versatile and unreliable asset. Their value, which depends on the demand and coin generation difficulty rate, alters regularly. In addition, their source code is open. That maybe considered to be important as transactions are transparent, yet the fact that anyone can clone the BitCoin and LiteCoin code and print his own crypto-currency makes the system as a whole unreliable when it comes to investing in digital currencies. There aredozens recordedcases where projects were stalled, badly maintained and above all, had practically nothing new to offerasall crypto-currenciesout there are just clones of the original source developed in 2008 by Satoshi Nakamoto. Everything runs on BitCoin nodes. By now you may well think that I am against crypto-currencies, yet the truth is that I want very much to see this digital form of decentralized currency to finally be stabilized, become fully reliable and widely used, especially in regions that really need a parallel currency fact that may result in a fairer market. Crypto-currencies have offered a lot so far in the math and economic community. Individuals had the chance to apply economic formulas and over-complicated math equ Continue reading >>

Building A Cryptocurrency Mining Rig Is Easier Than You Might Think

Building A Cryptocurrency Mining Rig Is Easier Than You Might Think

Can your PC mine bitcoin? If you are interested in dipping your toe into cryptocurrency mining then fear not it might be easier than you thought Cryptocurrencies, especially Bitcoin, are red hot topics right now. I am one of those people who learns best by doing, you might be like me and need to do to reallygrasp a concept. So I am learning about Cryptocurrencies in a couple of ways. I have read white papers. Done some programming. I am engaging in the Steemit community. Purchased a bit. Sold a bit. And I am mining. Mining is essentially proving you have done the work that has been asked of you. Using your computer power to solve math problems so you can be rewarded with cryptocurrencies for your work. The obvious reason to do this is for the rewards. You get money in the form of the currency you are mining or in another currency as payment. As you will see below, you need a lot of hardware to make a large living wage at it, but you can make several dollars a day with more humble equipment. My reason is I want to know about it, as mentioned above. The reason I want to know about it is thatI think the related concepts of the blockchain, digital currency, and the cultural changes will be profound, and unexpected. Now, before we begin, lets get a few caveats out of the way: Check your power expenses. I am fortunate that where I live our kwhprice is capped. Dont let the power consumption cost you more than you make, even if you are doing it for fun. It could reduce the life of your equipment. Graphics cards are expensive partly because people are doing this. You are highly unlikely to get rich, even with the caveats above. Just check out my latest withdrawal (more on the software in a bit) You might not get rich, but it can be interesting to try! The easiest way to start ( Continue reading >>

Billions Of Video Site Visitors Unwittingly Mine Cryptocurrency As They Watch

Billions Of Video Site Visitors Unwittingly Mine Cryptocurrency As They Watch

Billions of video site visitors unwittingly mine cryptocurrency as they watch Popular sites Openload, Streamango, Rapidvideo and OnlineVideoConverter allegedly force users to mine Monero cryptocurrency, report says The mining program is loaded into the users browser when the video player is downloaded ready to stream the video. Victims are not notified and are unaware that their computer is working hard to generate Monero.Photograph: golibo/Getty Images/iStockphoto Billions of video site visitors unwittingly mine cryptocurrency as they watch Popular sites Openload, Streamango, Rapidvideo and OnlineVideoConverter allegedly force users to mine Monero cryptocurrency, report says Last modified on Wednesday 13 December 2017 09.39EST Each month almost one billion visitors to four popular video sites are being unwittingly forced to mine cryptocurrency, according to a report on the practice of so called cryptojacking. The video sites Openload, Streamango, Rapidvideo and OnlineVideoConverter are allegedly loading mining software on to visitors computers, making them generate tokens for the bitcoin-like cryptocurrency Monero, according to security firm Adguard. We came across several very popular websites that secretly use the resources of users devices for cryptocurrency mining, said Andrey Meshkov , co-founder of Adguard. According to SimilarWeb, these four sites register 992m visits monthly. Cryptojacking is the use of a computer to mine cryptocurrency without the permission of machine's owner. A program is loaded on to the unwitting user's machine, typically through the browser when they visit a site with a video or other interactive element, which begins to solve computational problems that generate rewards in the form of cryptocurrency so called mining. The person, group o Continue reading >>

Electroneum: Easiest Way To Mine & Profitable Pool

Electroneum: Easiest Way To Mine & Profitable Pool

Electroneum: Easiest Way To Mine & Profitable Pool Electroneum is the first British cryptocurrency aimed at smartphone users. Electroneum is a cryptocurrency designed with accessibility in mind. It is actually the first cryptocurrency which is targeted towards smartphone users. Mobile mining using the Electroneum app is supposed to be operational in January 2018. The current Electroneum price is $0.091323 USD.And if you are interested, you can buy Electroneum on Cryptopia . First, you need to create an account , if you dont already have one. Once logged in, make note of your wallet address. We recommend you create an offline paper wallet for mining purposes and for your coins security. You can then later import coins from offline wallet to your online wallet. I have tried different pools including the mining software and pools mentioned on Electroneums website. But I found that Sumo Easy Miner is the best CPU mining software available right now. To start mining, go to easyhash.io . From the navigation bar click on Getting Started > Electroneum. Now scroll down the page until you reach Mining Programs for Processors. Download the SumoEasyMiner application. The link will take you to Bitcointalk forum from where you can download the application for Mac, Windows or Ubuntu. Now, install and open the application. Once open, click on Add Pool and enter the following details: Continue reading >>

Mining Cryptocurrency: Most Promising Way To Mine Cryptocurrency Fast

Mining Cryptocurrency: Most Promising Way To Mine Cryptocurrency Fast

If you are new to cryptocurrency, youre missing a big news of recent times. It all started in 2009 when an anonymous person named Satoshi Nakamoto released a paper on electronic cash The Bitcoin, which devastated the current financial system for good. Successfully untraceable, this guy is still undercover. No one knows whos this guy, is it He, Her, group, organization nothing about the person is known. Its all done now, things have changed for good. Furthermore, the whole concept of cryptocurrencyrelies on the internet and that is why cryptocurrency is aka money of internet or digital money. Since its inception, mining cryptocurrency has been the backbone of this industry. what is the profit do I earn by mining cryptocurrency? How profitable is mining cryptocurrencies? Which is the best cryptocurrency to mine? What makes a mining cryptocurrency difficult? If these are the question that is bothering you then this post will just do fine for you. In this post, you will be learning everything about mining cryptocurrency. Furthermore, this post will also cover one of the best ways for mining cryptocurrency. Lets get started with the ABC of the topic. What is Blockchain technology? How does it affect mining cryptocurrency? If I were to explain blockchain technology to a 5-year old I better be simple and clear. While you too might be new to this technology I am going to be super simple and clear so that you can understand this technology and start mining cryptocurrency. The concept of blockchain got into the limelight because of cryptocurrency. No one knew what is blockchain back then. Soon after the craze of cryptocurrency caught fire, many came to know about this awesome technology that had cryptocurrencys back. The current systems are all central i.e all the data is in one Continue reading >>

Cpu Mining Cryptocurrency As The Easiest Way To Get Real Profit

Cpu Mining Cryptocurrency As The Easiest Way To Get Real Profit

CPU mining cryptocurrency as the easiest way to get real profit CPU mining cryptocurrency as the easiest way to get real profit If you go from simple to complex CPU mining cryptocurrency is one of the first steps on the way to professional activity in the sphere of getting digital money. All modern PCs are equipped with a reliable processor and for gamers this is a necessary condition. Why not to try mining when you have got so powerful hardware? However before the action one should be aware that not all kinds of cryptocurrencies from the existing list can be mined this way. As a rule all beginners are interested how CPU mining differs from the GPU. Undoubtedly, the latter has more advantages, and even in the article devoted to the processors we must mention about it. Graphic chip is capable of processing more information and unlike the processor it can be installed not in one but in several copies at once thereby increasing the systems power. But not everyone has the opportunity and the desire to invest in upgrading so the CPU remains a worthy choice. Theoretically, the CPU will allow mining any cryptocurrency which platform is generally designed for this process. As for bitcoin newcomers can immediately forget about the significant profits on such hardware. For professional BTC mining only powerful farm installations have been used. Until now there are enthusiasts who are making efforts for ethereum CPU mining. Experts recommend CPU mining cryptocurrency to get less promoted coins such as: A processor with the help of which one is going to mine cryptomoney must meet the highest requirements. Intel and AMD remain leaders among manufacturers of chips. The key characteristics are frequency, power (hashrate) and the number of cores. Economical energy consumption is also Continue reading >>

Why Ethereum Could Become The Easiest Cryptocurrency To Mine

Why Ethereum Could Become The Easiest Cryptocurrency To Mine

Home Cryptocurrency Ethereum Why Ethereum Could Become the Easiest Cryptocurrency to Mine Why Ethereum Could Become the Easiest Cryptocurrency to Mine Stephen Karmazyn Profit Confidential 2017-07-16T05:30:55Z 2017-07-18 08:03:00 easiest cryptocurrency to mine easiest coins to mine cryptocurrency mining bitcoin mining best cryptocurrency to mine with CPU cryptocurrency mining hardware good cryptocurrency to mine in 2017 ethereum price prediction ethereum news What is the easiest cryptocurrency to mine? Innovations in the cryptocurrency market could revolutionize the mining process and make the question obsolete. Ethereum Why "The Easiest Cryptocurrency to Mine?" Is the Wrong Question The cryptocurrency revolution has arrived. With Bitcoin (BTC) hitting all-time highs, peaking at one point around $3,000 per unitand Ethereum (ETH) going from around $10.00 to over $400.00 in under a yearthese two leaders in the cryptocurrency market are making the case that they are some of the most lucrative investments in 2017.But one of the most important developments in the cryptocurrency trade right now is finding the easiest coins to mine. In fact, the easiest cryptocurrency to mine is going to be a game changer, because whichever online currency can manage that will ultimately become the cryptocurrency of choice for the world at large.First, a basic understanding of mining is needed here. Mining describes the process by which Bitcoin, Ethereum, and other coins are created.In the case of Bitcoin mining , for instance, the process involves a third party helping a transaction go through by interacting with the blockchain. In order to do that, they need their computers to solve a complex set of math problems that increase in difficulty depending on how many miners are currently working, Continue reading >>

Which Cryptocurrencies Are The Easiest To Mine And Worth The Least At The Moment, With The Highest Future Potential Of Growth?

Which Cryptocurrencies Are The Easiest To Mine And Worth The Least At The Moment, With The Highest Future Potential Of Growth?

There are two types of cryptocurrencies out there, depending on the rewarding algorithm - Proof of Work and Proof of Stake While proof of work is the classical form of mining (your computer solves complex mathematical problems using lots of CPU power, and the more power the better), there is also Proof of Stake which rewards you according to the amount of coins you have in your wallet. Those coins are staked a few times per week and you get rewards that amount to a certain percentage of what you have, per year (APR). You can do Proof of Stake cryptos with the slowest possible CPU if you want, because it does not require computational power - but the catch here is that you make more coins if you have more coins. I am currently staking the cryptocurrency 1337 which is maybe the most rewarding altcoin there is (APR has been halved quite a few times, it is currently at 41% for the next couple of months) I have 45 million coins and I get around 50 000 coins per day just by having my wallet open. This will amount to 41% of my 45 million coins being rewarded to me within a year if this APR persists (it will be reduced in September) So yeah, 1337 is pretty easy to mine. It also costs 0.00000004 Bitcoin at the moment and it has active developers and several features/campaigns planned for the future so it has loads of potential. This is not advice, it is an opinion. Invest at your own risk. PS: Other Proof of Stake coins are Dash and Ether (Ether is not there yet, but they are moving from PoW to PoS algorithm soon For mining Zcash is probably your best bet. Geforce GTX cards and Radeon RX cards are all great for it. Outside of GPUs, the other things you need to build a mining rig is minimal. Take a look at this mining guide here . As for highest future potential, thats really up Continue reading >>

Cryptocurrency Mining On A Normal Computer - 6 Easiest Coins To Mine

Cryptocurrency Mining On A Normal Computer - 6 Easiest Coins To Mine

What are the best coins to mine on a normal pc? Cryptocurrencies have grow to be a sizzling potato for economists and authorities officers alikesince they have been first launched to us again in 2009 via BitCoin, which as much as this present day stays essentially the most recognizable cryptocurrency among the many 10 most popular cryptocurrencies in circulation today . Researching for the 6 best coins to mine on a standard laptopisn't a easyactivity to do, as cryptocurrencies are an especially versatile and unreliable asset. Their worth, which is dependent upon the demand and coin technology problem price, alters usually. As well as, their supply code is open. That possibly thought of to be essential as transactions are clear, but the truth that anybody can clone the BitCoin and LiteCoin code and print his personal cryptocurrency makes the system as an entire unreliable relating to investing in digital currencies. There aredozens recordedinstances the place tasks have been stalled, badly maintained and above all, had virtually nothing new to supplyasall cryptocurrencieson the market are simply clones of the unique supply developed in 2008 by Satoshi Nakamoto. Every little thing runs on BitCoin nodes. By now chances are you'll effectively assume that I'm towards cryptocurrencies, but the reality is that I would like very a lot to see this digital type of decentralized currency to lastly be stabilized, change into absolutely dependable and broadly used, particularly in areas that basically want a parallel currency reality that will lead to a fairer market. Cryptocurrencies have supplied rather a lot up to now within the math and financial neighborhood. People had the prospect to use financial formulation and over-complicated math equations by no means adopted by the cen Continue reading >>

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