How To Mine Ethereum In 5min
Surprisingly, all you need is an AWS EC2 instance to start mining Ethereum. Im sure youve already heard of the cryptocurrency craze way before reading this post. Cryptocurrencies are slowly and quietly revolutionizing the way financial systems and transactions work (and should work in my opinion). With Bitcoin hitting its $6K mark not awhile ago, a current total of $158B in market cap and hundreds of ICOs (Initial Coin Offering) conducted since August, its sure to say theres a bubble in the cryptocurrency space. Whats more, is that it doesnt seem this bubble is going anywhere, anytime soon. As you can see in the graph below, the total market cap of cryptocurrencies has grown from under $50B to over $150 in under a year! So what would be the best way to enter this space and enjoy the growth? Im not a cryptocurrency expert, however, from my research Ive found that the answer is pretty clear across all opinions: If youre looking for quick earnings, just invest incoins. However, due to this ever-growing crypto market, mining in the short term could lead to significant earnings in the long term. Personally, Im very interested in Ethereum , and have found an effortless way to start mining it quickly on AWS! This post will walk you through the process. But before we start, lets go over some basics. If youre already familiar with them, just scroll down. Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. The advantage of Ethereum over Bitcoin, is that it can support many different types of decentralized applications. Ethereum has the second largest market cap after Bitcoin, and has gained massive growth in the last year with over 230% as you can see below: However, increasing growth in Continue reading >>
Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining
Its hard to review anything when not possible to use it yet due to purchasing with a credit card, but once I am able to use it I will update my review Been sold out of contracts for a while now and Im exited to have finally copped one before theyre gone. So happy for the wonderful opportunity to buy another Ether Contract. I love it - Thank You While we think that Ethereum may turn to POS in the coming future, we have a fantastic future to mine it at a profit with Genesis Mining. If it DOES go to POS instead of mining, then we can move to a variety of alt coins that are nearly as profitable and every bit as much fun. Give Genesis Mining a go and see why it is better than buying coins directly. I think that my purchase was a good thing. And this thing will bring me a lot of benefit. I expect to have a good return for this investiment. Finally the mining contracts are back. It's harder and harder to find mining contract and the Genesis Mining ones are the last decent ones around. Most of them will never payback. I'm using Genesis for 1 year right now and satisfied. Zcash cash priceis riseing, so this pachage is quite profitable, better than buing your own mining sistem at home. Even if PoS starts, there are alternatives.Because I heard that the reputation is good, I have decided mining for the first time as GenesisMining.I am looking forward to April when mining starts. I have bought the etherium and bit coin for the last two years.I am very excited and am very pleased to see the benefits.I have been informing others a lot and invested a lot of people.If I have a chance, I would like to invest and recommend more. I have ETH contract with Genesis for 2 years and one with same Hash rate with a competitor but 1 year contract. Genesis has consistently paid out more than the Continue reading >>
China Moves To Ban Bitcoin Mining
The Communist Party of China is undertaking a crackdown on bitcoin mining according to leaked documents ordering local governments to lead mining factories to quit gradually. ChinasLeading Group of Internet Financial Risks Remediation wants bitcoin miners to make an orderly exit, asking local authorities to come up with plans by the 10th of January and then report on progress on the 10th of each month. Leaked documents demanding orderly exit The authenticity of another leaked document from the internet-finance regulators Xinjiang office that likewise demands progress on miners exit by the 5th day of each month was confirmed by Quartz. The China based 8btc quotes aman close to the central bank as stating : The Bitcoin trading platform has been shut down in China. It is an unrecognized area, the same with the mining-related peripheral industry. The spirit is to guard against risks and serve the real economy. While bitcoin mining does not serve the real economy. There are many irregularities such as environmental problems, potential safety issues and operation without business registration in the current bitcoin mining industry. Therefore, departmentsare making joint effort to rectify this. Bloomberg reports miners are already moving out operations to US, Canada, Iceland or other parts of the world outside of China: Bitmain, which runs Chinas two largest bitcoin-mining collectives, is setting up regional headquarters in Singapore and now has mining operations in the U.S. and Canada, Wu Jihan, the companys co-founder, said in an interview. BTC.Top, the third-biggest mining pool, is opening a facility in Canada and ViaBTC, ranked No. 4, has operations in Iceland and America, their founders said. It is unclear whether this is a full on ban of bitcoin mining or simply a closu Continue reading >>
Bitcoin Cash Mining Profitability Calculator
Bitcoin Cash Mining Profitability Calculator If your interested to see how profitable mining Bitcoin Cash can be, this mining calculator is for you. This calculator will give you estimated profits based on several factors, such as the difficulty of Bitcoin Cash and the price against the USD. Simply fill out the fields below, such as hashing rate / hashing power, pool fees if these apply to you, the amount of power usage and power cost in kw per hour. If you don't know this, it can be quite easy to find on an electricity bill from your power company or look online for averages in your area. If you are using your own at home mining rig, enter your hardware cost. If you are using a cloud mining service, enter the cost of the contract. Then click calculate. The results of the calculation are shown below, giving you daily, weekly, monthly and yearly profits. It will also show you how much time, in days, it will take for you to breakeven. This is taking into account your hardware costs or contract costs. Continue reading >>
Asic, Gpu, And Cpu Mining
Rather than a rehash (pun intended) of the advantages and disadvantages of Proof of Work versus Proof of stake , were here to break down how CPUs, GPUs, and ASICs all play a key role in the mining process. Understanding the hardware behind Proof of Work is essential for analyzing the sustainability and level of decentralization of different coins. Well go over the advantages and disadvantages of each hardware and how theyre relevant to the most popular cryptocurrencies and hard forks. An ASIC is an application specific integrated circuit. In the context of cryptocurrency, its a microchip specifically designed to execute a hashing algorithm as quickly as possible. Lets give you some perspective on how powerful these ASICS can be. A Bitcoin ASIC can calculate hashes 100,000 times faster than even the best CPU. ASICs are custom built for a single hash algorithm. Therefore, you would need to buy different ASICs for each coin that you wanted to mine. Currently, there are several companies, such as Bitmain and Canaan, that design ASICs. Due to their custom nature and niche application, a powerful ASIC isnt cheap. For high-end hash power, a single ASIC could run you $3000 . That ASIC might earn you 10 dollars profit in the first month. Though due to the constant arms race of acquiring hashing power, your profits would decrease each subsequent month. Heres a look at the increasing Bitcoin hash rate over the last year. Performing trillions of hashes per second come with some downsides. Due to the intensehashing, these ASICs give off some serious heat and require proper cooling. In order to cool the chips effectively, thats going to require fans and a lot of noise. Just take a listen. And with great power comes great electricity. These ASICs will cost you a significant amount of Continue reading >>
Ethereum Cash Hard Fork Opposes Pos And Issuance Reduction
Ethereum Cash Hard Fork Opposes PoS and Issuance Reduction Ethereum Cash Hard Fork Opposes PoS and Issuance Reduction JP Buntinx September 19, 2017 Crypto , News The Ethereum ecosystem is known for multiple hard forks throughout the years. One of those hard forks created a newcurrency known as Ethereum Classic. With the Metropolis upgrade on the horizon, it is not entirely surprising to see community members preparing for these changes. One project has caught our attention, as it is seemingly an attempt to create a third form of Ethereum in the future. Ethereum Cash will introduce some interesting new changes. It is always interesting to see how community members oppose upcoming changes in the world of cryptocurrency. This occurs especially whenever a hard fork is on the horizon, such as the Metropolis upgrade coming to Ethereum in the near future. It is not entirely surprising to see some people oppose this concept even though it introduces big changes to make the ecosystem better over time. The two changes some people seemingly dislike relate tohow the so-called difficulty bomb will be delayed. As most people know, Ethereums difficulty bomb will effectively make mining impossible over time. Delaying this change by another 18 months means Ethereumsswitch to proof-of-stake will take a lot longer, which is not what most people had hoped for at this point in time. This further delay of the difficulty bomb means the current Ethereum block reward will go from 5 ETH to 3 ETH. That is another change that a lot of people are not too happy about, even though it makes perfect sense. A reduction in generated coins reduces the incentive for miners and reduces inflation at the same time. It will alsopave the way for the change to Proof of Stake(PoS) in the future. There are, howev Continue reading >>
How To Invest In Ethereum (and Is It Too Late)
Home How To Invest In Ethereum (And Is It Too Late) How To Invest In Ethereum (And Is It Too Late) Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact (and more). In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder. Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether (the actual monetary unit of Ethereum ). Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. We recommend Coinbase because it's free, has a great app, and they give you a bonus for depositing $100 . Check it out. Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money... well it has a monetary aspect. You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transaction - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product of this is that Ethereum uses a token called Ether, which is like Bitcoi Continue reading >>
Bitcoin, Ethereum Or Litecoin: Which Is Best For You?
Bitcoin, Ethereum or Litecoin: Which is best for you? A primer on the most visible cryptocurrencies. Before you jump into this overview of a few cryptocurrency alternatives, check out our first two articles in this series, Bitcoin, explained and Buying and selling bitcoin . Bitcoin has spawned hundreds of cryptocurrencies. Bitcoin was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town . Litecoin followed in 2011. Created by Charles Lee, an engineer who later helped build Coinbase , the leading cryptocurrency exchange, Litecoin is based on the same code as bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process. And in 2015, Ethereum made its debut, incorporating bitcoin's basic blockchain premise and Litecoin's pursuit of faster transaction speed, but adding a few of its own twists -- including the ability to process little chunks of code, called "smart contracts" -- and on its virtual peer-to-peer network as opposed to a dedicated server or mining rig. Ripple's market cap now exceeds $40 billion. Coinbase's support for bitcoin, Litecoin and Ethereum -- as well as Bitcoin Cash , a new branch of the bitcoin blockchain created in August 2017 -- helped install and keep them among the most visible and well-capitalized cryptocurrencies. Rounding out the top 10, in terms of market capitalization, is a dynamic shortlist that has included established coins and upstarts like Ripple , Cardano , Neo , Stellar , Eos and IOTA . For the purposes of introducing some of the prevailing concepts behind the growing population of cryptocurrencies, we'll take a closer look at the technologies behind Litecoin and Ether Continue reading >>
Bitcoin Cash, Litecoin, Ether, Oh My! Whats With All The Bitcoin Clones?
Bitcoin Cash, Litecoin, Ether, Oh My! Whats With All the Bitcoin Clones? An explainer on what exactly are altcoins, why they exist and what makes them different Bitcoins wild ride has gotten a huge amount of attention. But over the past two weeks, some of its crypto cousins, like litecoin and Bitcoin Cash, have muscled their way into the spotlight. On Tuesday, for instance, bitcoin-services company Coinbase announced it would list and support Bitcoin Cash, which is an alternative version of bitcoin that launched onAug. 1. The news sent prices of bitcoin down and Bitcoin Cash skyrocketing. Copyright 2018 Dow Jones & Company , Inc. All Rights Reserved.
How To Mine Bitcoin Cash? Beginners Guide
How to Mine Bitcoin Cash? Beginners Guide How to mine Bitcoin Cash, is mining Bitcoin Cash profitable, bitcoin cash mining pools, bitcoin cash cloud mining, software for Bitcoin Cash mining, hardware for Bitcoin Cash mining How to mine Bitcoin Cash, is mining Bitcoin Cash profitable, bitcoin cash mining pools, bitcoin cash cloud mining, software for Bitcoin Cash mining, hardware for Bitcoin Cash mining How to Mine Bitcoin Cash? Beginners Guide How to Mine Bitcoin Cash? Beginners Guide If youre a firm believer in Bitcoin Cash, there is a way for you to support the network and earn some BCH at the same time mining. Essentially, its a process of solving complex mathematical puzzles. Miners are the most important part of every cryptocurrency community, as they not only mark transactions as legitimate, theyre also responsible for putting new tokens into circulations. Miners receive substantial rewards for successfully mining a block of transactions. In the Bitcoin Cash network, the reward currently stands at 12.5 BCH per block + all the transaction fees within said block. In 2018, in order to make significant profits on Bitcoin Cash mining, you will need to invest some money into specialized mining equipment first. But before you do so, you can find out roughly how much your profits will add up to using this profitability calculator . In order to use this calculator, you will need to find out your hash rate, which is the speed at which your computer and the equipment youre planning to invest in can compute the output of a hash function. The bigger it is, the more chances you will have of successfully mining a block. This calculator can help you find out your computers hash rate, while this one will take the hardware youre using as well as your local electricity costs into c Continue reading >>
$2,300 And Rising: Bitcoin Cash Gains Against Bitcoin
$2,300 and Rising: Bitcoin Cash Gains Against Bitcoin Dec 19, 2017 at 13:45 UTC|UpdatedDec 20, 2017 at 05:00 UTC Bitcoin cash scaled new heights today and looks solidly bid against its rival bitcoin (BTC). As per CoinMarketCap , the world's third-largest cryptocurrency by market capitalization toppled its previous record high of $2,477.65 (Nov. 12 high) and rose to a new record of $2,501.29 at 09:44 UTC today. Bitcoin cash (BCH) was last seen trading at $2,350 levels, meaning the 21 percent rally seen in the last 24 hours has pushed the gains since its launch to 316 percent. Meanwhile, week-on-week, BCH has appreciated 43 percent. The stellar rally is a part of the broad-based strength witnessed in the alternative currencies since last Tuesday. With bitcoin (large cap) showing signs of fatigue near the $20,000 mark, the rotation to small caps seems to have gathered pace. This is evident from the spike in trading volumes on exchanges offering BCH/BTC pairs. Also, the investor community may have bought BCH on speculation that integration with payment processor BitPay would open the doors to more widespread adoption (and boost its utility as a payment method). The price chart analysis says the rally in BCH is here to say. The above chart (prices as per Bitfinex) shows: BCH has failed to hold above the 261.8 percent Fibonacci extension level of $2,327.11. The decline from $2,425 (intra-day high) to $2,260 also indicates the first attempt to break above the rising channel hurdle ($2,327.11) has failed. The 5-day MA and 10-day MA are curled up in favor of the bulls. The relative strength index (RSI) shows overbought conditions, but is well short of the highs seen in November. Thus, there is enough room for BCH to extend the rally. The area around the upward sloping 10-day MA Continue reading >>
3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide
Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>
Zcash Mining Guide For Beginners Mine Zcash On Your Pc
Last updated on September 5th, 2017 at 01:08 am Getting Started Mining Zcash with the Video Guide: For a short overview of what is Zcash read this post . The good news is that getting started with Zcash mining is very simple. You dont need to download the full Zcash blockchain or manage clunky command-line miners with manual instructions; you can mine directly to an exchange or to a hardware wallet such as Trezor or Ledger Nano S . Of course, you should always do your due diligence to ensure your coins will be properly supported before sending them anywhere. For the purpose of this guide, were going to do a detailed walk-through of setting up and using the very popular Nvidia EWBF Miner. If you have AMD cards, mining Ethereum is usually your most profitable option. However, if you have Nvidia cards, or if youre in the market to buy new cards and cant find any well-priced AMD cards, then mining Zcash on Nvidia GPUs is still very profitable with the EWBF Miner, which is highly optimized to get the maximum performance out of Nvidias Cuda cores. The whole process of getting set up, downloading your miner, configuring Windows, and setting up your batch file to run should take less than 20 minutes. Follow along with the steps in the video guide below, or read on for afull text guide. Here are some good reasons to mine Zcash: Mining can be a great way to subsidize the purchase of a new, high-end GPU (or two, or three). Because Zcash is easily traded for bitcoins (BTC), its a cheap way to slowly build up a holding position in Bitcoin. Many influential people are very bullish on Bitcoins future prospects. BTC can easily be sold for cash, so mining ZEC can be a good way to indirectly fill your bank account or earn cash. ZEC can also be sold directly on some major exchanges . Min Continue reading >>
Ethereum Mining | Best Ethereum Cloud Mining Pool | Start Mining Ethereum
Ethash is a hashing algorithm that is used in mining the Ethereum one of the promising cryptocurrencies of the world. Ethash is GPU memory intensive. In Ethereum cloud mining, the Ether and cloud mining price are the two important factors that need to be considered. In addition, individuals should also compare the hardware rent and in-return coins or they can easily estimate the profit through mining calculator. Why Choose Hashgains for Ethereum Mining? Hashgains is one of the leading cryptocurrency mining service providers across the world. With an access to the leading latest technologies and big industrial data centers, Hashgains provides excellent mining services at an affordable price. Hashgains mining platform simplifies the Ethereum Mining process and provides the newly mined coins in the easiest way. Our list of services include Continue reading >>
Ethereum Cash Pro Review: Honest Eth Cryptocurrency Program?
Ethereum Cash Pro is said to be a wealth creation platform. Already, this language is common among scammers. They apparently have tokens available already and you can earn percentages for staking the tokens at a rate of 5% each month. You can earn through their free token, affiliate system or for staking their token. How Ethereum Cash Pro Cryptocurrency Program Works The platform is an Ethereum Based Token that is going to allow users to send and receive payments with the platform as well as the smart contract system used by Ethereum . They claim the platform is superior to other traditional payment systems. The reason is they offer affiliate programs and lending services as well as claim to be highly trustworthy. Not like non-blockchain technologies, EthereumCashPro is designed around a decentralized Ethereum Network. And the use of the blockchain technology ensures that no one can access financial information on any user. It elevates the level of trust apparently. You can also use their innovative technologies in a P2P based lending space. In order to reach as large of a community as possible and show them the benefits of using blockchain technology. Ethereum Cash Pro is said to all be available on a mobile platform as well. The mobile application will also be run and maintained via ECP. But it will be built on the already existing Ethereum network. And users can use the smart contracts at anytime regardless if theyre using the mobile app or not. They promise the network will be smart and easy to use. As well as highly secured thanks to the use of the blockchain technology. Not only that, but it will be fast and run on the Ethereum Blockchain which is a massive worldwide platform with a solid infrastructure. Apparently, there are no financial boundaries when using th Continue reading >>