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I am a writer at cryptocreed. Here on cryptocreed we do provide a guide, tutorial, and tips to beginners.

ICO

Indahash Review – Social Media influencer soon get paid in INDAHASH COIN from Brands

by cryptocreed
written by cryptocreed

IndaHash Coin is a new cryptocurrency that is going to launch for the influencer industry by influencer platform Indahash which already has their APP working with 130 people of the team.

This IndaHash APP allows brands to pay social media influencers in IndaHash coin in place of Bitcoin or any altcoin. As mention in IndaHash’s official whitepaper, their aim is to provide keep brands and their audience together.

You know that! It has already in action, Indahash has over more than 300,000 influencers with 130 people of employs. Indahash working in 70 different countries (Germany, UK, Poland, Singapore, US, UAE, South Africa.) and conducted more than 1000 campaigns in more than 70 markets. Indahash Review

Let’s understand how IndaHash Coin will work. Here we have three parties as a receiver, Brands, Influencers, and Audience. The brand uses Indahash coin to influencers. After receiving indahash coin from brand influencers can exchange their coin with the brand’s products and receive discounts when shopping.

Influencers can pay rewards to their followers with their tokens like if followers shares, subscribed, follow or like their posts, and if influencer wants to reward then he can reward with their own token. Influencers can create their own token on the Indahash platform and can use that token on their profile to increase their advertisement. Indahash’s growth rate increase by 295% in one year and it was increasing daily.

 

Short summary of how it works; Influencers in their mobile receive a notification to join the campaign. If Influencer interested then they sub it proposal for the content and description. Materials uploaded by influencers will get verify through Indahash moderators. If moderators approve it then influencers’ posts will get published and available for everyone.

Our mission is to tokenize the entire influencer industry to solve major issues between brands, influencers and their audiences. Our cryptoeconomics implies circulation of the indaHash Coin among all of these groups and creates a new type of relationship and added value.   Said by Barbara Soltysinska Co- Founder of IndaHash Indahash Review

There are many reasons why influencers need to choose IndaHash Coin instead of other currencies. Here we have a few reasons why.  The transfer of payment to influencers’ wallets is instant. how much does indahash pay

Influencers will get benefits of a 20% increase in rate also coin holders or users will get first access to use campaigns before others. No, withdraw limit. Influencers can create their own token and can use to promote their products to increase their audience and to distribute as rewards to followers.

Indahash doesn’t give any prototypes or abstract or unsolved problems to the ICO participant. how much does indahash pay.

Indahash Price Pre-ICO: 1 ETH = 4480 IDH

Pre-ICO will be held on 8th November and will end on 15th November 2017. Total IDH tokens available 400,000,000 IDH and maximum pre-ICO tokens available is 320,000,000 IDH. minimum purchase in pre-ico is 0.05 ETH. There is no minimum cap for pre-ico.

Indahash Price ICO= 1 ETH = 3200 IDH

THE main ICO will be held at the end of November, 29th November and will end on 20th December 2017. Minimum purchase allows in the main ICO is 0.05 ETH. Minimum goal is 40,000,000 IDH and maximum goal is 320,000,000 IDH.

Distribution of token will be done through “contract” and it will happen after the end of ICO’s

Contact Details:

Website

Whitepaper

Bitcointalk

Twitter

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ICO

What Is ICO Crypto – Advantages, Disadvantages & Risks

by cryptocreed
written by cryptocreed

What is an ICO in Crypto?

This year, ICOs have proven, like never before, that they are a large addition to the cryptocurrency market. With ICOs like Tezos and Filecoin crossing the 200 million dollar mark, it’s not strange to think that ICOs are a great source of potential income, not only for the project’s team gaining the profits of the ICO but also for the investor. In this article, you will be given a full explanation of what an ICO actually is.

Related: List Of All Cryptocurrency Wallets

Related: Cryptocurrency Exchange You Can Use

Initial Coin Offerings

The term “ICO” is short for “Initial Coin Offering”. This is basically the initial sale of a token/coin belonging to a certain product they want to release, which is the most used mechanism for crowd-funding in the cryptocurrency world. The project’s team gets the profits of the ICO for Research & Development and the investor hopes the project will be successful and could make some extra money when the coin/token gains value.

A standard example would be a project called X. The team of project X needs money to develop their product, the X-product. To obtain the necessary money, they decide to organize an initial coin offering, in which people can buy tokens for a certain price. If they need $300k for development purposes, they could do an ICO of 4 million tokens for $0.10 each, to get $400k ($300k + $100k reserves), so they can develop their product.

What Is ICO In cryptocurrency?

The investor makes a profit through the advantages of a token offer. The token could gain value, thus allowing the investor to sell it to make money, the investor could be paid a share of the company’s profits every month/year and more possibilities allow the investor to make some money from the ICO of project X as well.

Advantages of the project and its team

A large advantage of ICOs is that they allow the team of a project to get the money they need to develop their project relatively easily and quickly.

As the cryptocurrency market is an industry in which many billions of dollars are being played around, the chance of your ICO being successfully funded is quite high, as long as you have a good plan, a good team, and an attractive project.

The high money potential ICOs offer also allows the team to get a good salary. Even if you use all the money your ICO made for Research and Development of your project, it’s often the case that a team reserves a part of the tokens for reserves often referred to as “their salary”.

ICO Soft Capt and Hard Cap (hard cap vs soft cap)

While raising funds through ICO companies put their two targets. This is ICO Cap which almost every ICO project has.

The first is a soft cap and the second is a hard cap. The soft cap means the amount which the company needs at any cost to run the project. The hard cap means the maximum amount which the company is looking to raise.

Most probably the company tries to sell 50 to 70% of their tokens and raise funds.

Advantages for the investor

If the project is successful, the value of the token you bought in the ICO could rise a lot and you could make a lot of profit selling it.

Some companies allow the token holders to get a share of the project’s profits. This allows for a lot of profits if the project becomes successful.

ICOs often offer bonuses to investors who invest very early in the project and to those who invest a lot of money into it. This means that not only the success of the project after the ICO but also the amount the ICO reaches and the time at which you joined the ICO has an influence on the amount of profit you obtain, which in turn, allows the investor to make a lot of profit, even if the project doesn’t even become a success.

Many projects also offer additional advantages to holding the tokens, simply to encourage potential investors to buy (more) tokens in their ICO.

Risks

There are many risks to ICOs. These include, but are not limited to the shutdown of projects due to legal problems, the project’s team being scammers, and the failure of the project. What Is ICO Crypto

We see for example, that China has banned ICOs, and most likely there will be more countries to follow that path. Thus it’s very possible that an ICO is unable to continue and then the chance of losing your funds is a bit higher, although you’re probably able to get your funds back in case of such legal trouble though.

The project being a scam is quite likely actually. There are tens of ICOs every month and if you’d invest on totally random ICOs without looking at their team, plans, and past achievements, there is a very large chance you’d lose your money. It’s simply a very easy way for scammers to scam a lot of people and gain a lot of money.

There are constantly companies rising up, but at the same time, you have to realize that, at the same time, there is a similar number of companies falling down. This is the same in the world of cryptocurrencies. There are successes and failures. If you invest in an ICO, it’s not a scam, there are no legal problems and the ICO finishes alright, there is still a great chance of failure of the project.

How to find a good ICO

First, you should check its thread on Bitcointalk.org. If there is none, don’t invest. Next, try googling the ICO’s name, together with “scam”. Then go to the team and google their names and pictures. If their pictures do not belong to the project’s name, don’t invest.

Next, try going to sites that gives a great insight into the project. If it’s called a scam on such a site, it’s not necessarily a scam and if it’s called legitimate, it could still be a scam, but it can help you greatly.

Then read its plans, often in more detail in their whitepaper. If it has no whitepaper don’t invest. If you think their plans aren’t going to work, don’t invest. If you have doubts, either don’t invest or ask them on their Bitcointalk thread, email them or contact them through other means. Find the response unclear, insufficient, or something else that’s not good, ask for clarification, or just don’t invest. What Is ICO Crypto

Now that looks like a lot of work, but it really isn’t. Basically it comes down to this: Check its thread on BitcoinTalk, check its rating, google its team and read (parts of) its whitepaper. What Is ICO Crypto

Summary

As you see, initial coin offerings are a great way to both make money and lose money. As the crowd-funding methods of the cryptocurrency world, they offer tons of advantages, both for the investor’s and the project’s side. Many of them are great opportunities and it’s really easy to invest in them. What Is ICO Crypto

What is ICO Ethereum

Now you know what ICOs are, I hope you are able to invest more wisely in them. Also, make sure to check out our own articles on ICOs here on cryptocreed.com. We only publish articles on ICOs we think could become very successful in the future. What Is ICO Crypto

 

Tags: what is ico in cryptocurrency, what is ico ethereum, what is ico bitcoin, what is ico coins.

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Bitcoin

Bitcoin and ETH Forks, everything you need to know

by cryptocreed
written by cryptocreed

Sure seems like there have been a lot of forks, doesn’t it. With the SegWit fork in August, the Bitcoin Gold coming in October, the Ethereum Byzantium fork in October, and finally the Bitcoin Segwit2x in November. Today I am going to break down and explain in a simple manner the forks and what changes will actually go underway, and forecast any price changes that I personally expect to see (although can not guarantee will happen).

Bitcoin Gold is set to fork on October 25th 2017 (in seven days as of this article being written). According to btcgpu.org (Bitcoin Gold’s Website):

            “The purpose of Bitcoin Gold is to make Bitcoin mining decentralized again. Satoshi Nakamoto’s idealistic vision of “one CPU one vote” has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small  number of entities, some of which have engaged in abusive practices against individual miners  and the Bitcoin network as a whole. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialized SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain.”

To translate that to the layman’s term, Bitcoin Gold will be easier to mine with a GPU so as to try to make mining more decentralized then it is at the moment. My personal prediction of Bitcoin Gold is that there will be some volume at first but eventually it’ll fade away into obscurity.

Ethereum Byzantium is a fork set to begin motion on October 16th 2017 (in a few hours as of this article being written). According to blog.ethereum.org (Ethereum’s official blog):

  • Addition of ‘REVERT’ opcode, which permits error handling without consuming all gas (EIP 140)
  • Transaction receipts now include a status field to indicate success or failure EIP 658)
  • Elliptic curve addition and scalar multiplication on alt_bn128 (EIP 196) and pairing checks (EIP 197), permitting ZK-Snarks and other cryptographic mathemagic™
  • Support for big integer modular exponentiation (EIP 198), enabling RSA signature verification and other cryptographic applications
  • Support for variable length return values (EIP 211)
  • Addition of the ‘STATICCALL’ opcode, permitting non-state-changing calls to other contracts (EIP 214)
  • Changes to the difficulty adjustment formula to take uncles into account (EIP 100)
  • Delay of the ice age / difficulty bomb by 1 year, and reduction of block reward from 5 to 3

The only main change that will effect normal users would be that the change from PoW to PoS will come 1 year earlier (sometime in 2020). Since Byzantium is an official fork “Byzantium Electrum” will likely just be “Normal Electrum” and those who don’t update will just have an outdated version that doesn’t work.

 

Segwit2x is a Bitcoin fork set to begin on November 2017 (I can’t seem to find an exact date). news.bitcoin.com explains that Segwit2x will have 2mb blocks and it will begin to block requests by nodes that don’t have SegWit. With the New York Agreement there is a good chance that we will actually see Segwit2x implanted into Bitcoin instead of it being just another hard fork, although otherwise it will probably just fade into obscurity as it doesn’t really change to much.

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Bitcoin

Forks Ahoy: Why We Will Probably See A Lot More Forks

by cryptocreed
written by cryptocreed

Forks Ahoy, why we will probably see a lot more forks

Why all these forks? I have been asking myself the same question for a while. With Bitcoin Cash in September and now the coming Bitcoin Gold, it seems that there is a number of people all looking to fork Bitcoin.

How an altcoin like Bitcoin Cash has amassed a 5.2 Billion Dollar market cap[1] (as of October 11, 2017) nearly overnight is quite a feat, and being that it is not much more than a Bitcoin clone that makes it even more impressive; but it begs the question: “With Bitcoin Cash, soon Bitcoin Gold, and certainly more on the way; what will become of all these forks and how will they affect Bitcoin’s price?”

 

For those who don’t know what a fork is, a fork is when somebody takes open source software (in this case it would be Bitcoin), changes it to their liking, and then releases it as an alternative to its original base (in this case it’s an altcoin). They are often created when a community is divided and splits, although in most cases most of the community sides in one direction and the fork eventually fade into obscurity.

 

Without getting into too much detail, Bitcoin Cash is a “fork” of bitcoin which increases the blockchain size to 8 megabytes and does not include segwit[2]. It was created because of the scaling wars that were going on over the summer and forked in august. fork ahoy Overall it really doesn’t change much else, but yet is holding value and people seem to expect that to stay the same. If you are interested in checking out Bitcoin Cash more then I would recommend you check out Bitcoin Cash’s Website: bitcoincash.org.

Without getting into too much detail, Bitcoin Gold is a “fork” of bitcoin that claims to try to further decentralize mining by implementing a new algorithm that will make it easier for an average user to mine Bitcoin[3]. That’s a pretty small change if you ask me, and yet people are still expecting it to hold a market cap.

So what am I getting at? Well, it seems to me that both Bitcoin Cash and Bitcoin Gold are pretty useless altcoins (or at least that is how it appears to me), but they both are expected to have a very large value. Once people start catching on I am guessing that tons of people will start trying to fork Bitcoin to get their own slice of this digital pie. With that happening, I think it will create a lot of instability in the Bitcoin community (and thus instability in Bitcoin’s price), which will ultimately hurt altcoins and make any future Bitcoin forks almost worthless. fork ahoy

 

Disclaimer: I (the author) do believe what I wrote, however, there’s always a chance that somebody is wrong, and I’m no exception. Please don’t rely solely on me for information or trading advice.

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MONERO MINING
AltCoinBeginner’s GuideReviews

Monero Mining Tutorial For Beginners: How To Start Monero Mining

by cryptocreed
written by cryptocreed

Having touched above the 100-dollar mark, you can’t deny that Monero is a cryptocurrency with potential. The cryptocurrency’s main goal was to provide even more privacy than Bitcoin offers and as that is what most crypto-users (besides the trader population) want, it’s not really a surprise that Monero is a top player in the crypto markets.

Although there are cryptocurrencies that are currently more valuable than Monero, mining Monero instead of other altcoins carries a great advantage to it: CPUs still works great on it! It’s a rare case where CPUs can actually compete with the GPUs. If you look at Bitcoin, it’s pure ASIC mining. Even a GPU won’t be able to touch the terahash level of mining that the ASICs have passed long ago already at Bitcoin. Bitcoin’s small, but lethal, rival, Ethereum, has proven to be incapable of keeping CPU mining worthy as well. Although ASICs are not dominating Ethereum (yet), CPUs just don’t stand a chance against the power of GPUs.

Monero is different. Monero isn’t dominated by ASICs nor by GPUs. Both CPUs and GPUs work great for mining Monero, which allows for a wide variety of mining devices to join the playing board. In this article, I will be providing more information about Monero Mining, how to do it yourself, and some recommendations.

Cloud Mining: Forget it

“Get 1% daily” This is one of the most standardized examples of a Cloud Mining advertisement. Believe me: These are not worth it. Anything offering you 1% daily is a scam. There may be exceptions, but it’s impossible to know what is legit and what’s not. Besides, what company would give you 1% daily if they could just use it themselves?

Some Cloud Mining companies might be legitimate companies, which also offer far fewer profits. One of these companies is Genesis Mining. HashFlare is another example, although there are some doubts about both of them, especially on the latter.

In five simple words: Stay away from Cloud Mining.

Real Monero Mining: Rewards for your effort

Although the real mining process takes a bit more effort than the simple Cloud Mining opportunities that are crowding the internet, it’s also much more rewarding. Not only would you remove the fee the Cloud Company is charging you automatically because they obviously want to stay alive and have to pay their personnel, but they also carry a large risk with them.

Also Reward: Monero Review – Know Everything About Monero

As you see, real Monero mining is definitely worth it a lot more than Cloud Mining. In the rest of this article, I will be explaining more about mining Monero.

Hardware

In how to build an ETH mining rig, I gave a detailed explanation of how to build an Ethereum mining rig and what hardware to choose. For the Monero mining rig, mostly the miner itself (CPU/GPU) is different. As I will only give advice about CPU/GPU here, I recommend you check that previous article out as well, for advice about other necessary components of a good mining-rig, which include the motherboard, memory, etc!

Now to the miner itself, the CPUs and GPUs. Although GPUs often have a (much) higher hash rate, the power consumption and price of CPUs is often far lower. A good site for performance comparison of different Monero Miners is https://monerobenchmarks.info. As you see, there are great GPU/CPUs in the list, although you must consider that they might’ve been overclocked to have reached that result, might cause unexpected maintenance costs, have a high power consumption and the price could be quite high if they are popular.

Monero CPU mining is still profitable if you have a high-quality device. And yes Monero GPU mining is profitable than CPU.

A great example of this, is the runner up of the CPU list, the Intel XEON PHI 7200. It has a much lower hash rate than the best GPU, the Sapphire Vega 64, but because of its low energy consumption, the Intel XEON PHI 7200 beats the Sapphire Vega 64 in Hash per Watt. The Sapphire Vega gives 8.8 hashes per Watt, whilst the Intel Xeon gives almost 50% more, with a whopping 12.9 hash/watt.

Now that doesn’t mean the Intel Xeon is 50% better, but it does mean that it will give you more profit if you buy so many of them that you achieve the same hash power as its rival. It’s important to notice that some of the miners listed on https://monerobenchmarks.info/ also have some issues causing them to cost extra money due to bugs, maintenance costs, extra electricity costs, or simply a lower hash rate.

In simple words: I recommend you look for a cheap CPU, look it up in the list on the link I shared earlier, and calculate your profits in comparison to other CPU/GPUs you can find. It’s the best way to find your ultimate piece of hardware.

Click here to check out Monero Mining Calculator.

Software

You can find the name of the software you’ll need on the list at https://monerobenchmarks.info/ as well. Now you got the name of the software you need, you only have to download it. The download links are available at https://getmonero.org/get-started/mining/.

Monero Mining Pool

Maybe you like gambling and you don’t mind inconsistent earnings, but most miners love to earn the most they can. To do this, they often join mining pools. Although these mining pools (almost always) charge fees, they are definitely worth it, as you will always get your share, eliminating the luck-factor.

Some great mining pools are listed here: https://moneropools.com

I personally recommend joining a large pool (most consistent earnings) with a low fee (more profits).

It’s time for profits!

Now you’ve bought the hardware you need, downloaded & installed the software and configured it to your likings, and joined a mining pool (or not), there’s only one thing left to do: Pure Monero profit collecting.

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AltCoinBeginner’s GuideCryptocurrencyMining

How To Build An Ethereum Mining Rig – Beginners Guide 2023

by cryptocreed
written by cryptocreed

In January, Ethereum wasn’t even worth 10 dollars, whilst we’re trading them for over 300 dollars right now. It’s not very hard to see that Ethereum is growing & thriving like never before. It’s time now to help nature a bit by building your own Ethereum Mining Rig!

In a previous article, how to mine Ethereum, I explained how you, as a crypto-person, can start mining. Today, I will go more in-depth into the magical world of setting up your own Ethereum Mining Rig, which isn’t very hard but isn’t very easy without some sort of help or guidance.

In this article, I will be focussing on a mining rig with 6 modern GPUs. You could choose more GPUs as well, but you will need different Mining Cases, Power Supplies and more, than what I will mention here. Obviously, this could be used as a guide for any rig and you would only have to change some parts of your hardware to make it fit again.

Building an Ethereum mining rig is as easy as eating mango.

What will you need?

  • A motherboard
  • CPU
  • A power supply
  • Up to 6 GPUs (Of course you can use more if you take a different build)
  • Up to 6 USB riser cables (1 per GPU)
  • A hard drive (SSD preferred)
  • Memory

These 6 parts are essential for your mining rig. Leave out one and you won’t be having a profitable rig. Below, I will give more details on each part and what I would recommend adding to your mining rig.

Although I will be mentioning the components that I think are the best to use, it’s recommended that you do your own research on these too, as the ones that are the best for me, could be garbage in comparison to the other components you can find. If you have almost free electricity, you probably wouldn’t mind about higher electricity consumption, whilst that would be a disaster for me, as I live in a country with quite high electricity prices. Another reason is that I could miss great components, which would be better than the ones I list here. Ethereum mining best GPU. (How to build an Ethereum Mining Rig).

Motherboard

The motherboard is the “brain” of your mining rig. From the motherboard, the GPUs are controlled and your miners won’t work too well without it. You will need a motherboard with 6 PCIe slots to connect a GPU through. There are multiple great motherboards on the market, some more widely available than others and some functioning better than their rivals, but I would like to recommend you either of these: Z270 Gaming M5 (Or M7, but the M7 is far more expensive), the cheaper but not much worse ASRock H97 anniversary and the older but still working ASRock H81 PRO. The Z170-E ASUS 6 GPU motherboard is a great option too, as long as you don’t go above 4 GPUs. Although it should be able to control 6 GPUs, some bugs may arise if you connect more than 4 GPUs to it.

The most important part is that you play it cost-efficiently: Spend less, earn more. Therefore, you should also search for each fitting motherboard on multiple sites (or just google it), to figure out the best price for the best quality. (How to build an Ethereum Mining Rig).

CPU

Although there are some Motherboard+CPU in 1 combination available, the separated Motherboard and CPU are preferred. You don’t necessarily need a $500 CPU, as it’s not the most important part of your rig. A good CPU that is pretty affordable and functions well is the Intel Celeron G1840. It’s

Power Supply

A great PSU (Power Supply Unit), is the EVGA 1000 GQ, which provides 1000 Watts. The PSU should provide enough power for your rig and is not insanely expensive. It kind of depends on what components you’ll take in your mining rig and how many GPUs you put in it. If 1000 Watts is not enough for your rig, the SeaSonic Platinum 1200W offers a wonderful solution as well, with 200 additional watts for you to use on your rig.

GPUs

There are multiple factors that make GPUs good. The most obvious ones are its price and its hash rate. The price should be low and the hash rate should be high. Then there’s another important property of your GPU that should be good, which is its electricity consumption. If your electricity cost is high, you might just as well stay out of the Ethereum Mining business.  Make sure your electricity cost is not high, but also not very low, you should probably go for a miner that consumes very little electricity. If you got access to very cheap electricity or even a free supply of it, electricity consumption should be less of a worry for you. (How to build an Ethereum Mining Rig).

In short, that means that you will need to find a GPU with a high hash rate, for a low price, and with low energy consumption. Below, I will list some of these GPUs.

There are multiple great GPUs out there and it’s quite hard to say which is the best. Currently, the GTX 1070 is a great option. The best GTX 1070 is probably the Gigabyte GeForce GTX 1070 Windforce OC 8 GB. Although it has a 10% higher price than some of the other GTX 1070s, it truly compensates for that disadvantage by delivering a higher hash rate with very well functioning built-in fans to keep the miner cool, as you could probably derive from the name and last but not least: low electricity consumption

There are other great GPUs too, like the Radeon RX 470 and Radeon RX 480, which are undoubtedly among the best GPUs on the market. They have a power consumption that’s only slightly more than the GTX 1070, they cost less than the GTX 1070, and their hash rate approaches the GTX 1070’s. It really depends on when you’re planning to buy them and what your precise electricity costs are, as their prices are fluctuating and from time to time a cheaper GPU is available on either the RX or GTX side.

Hard Drive

Another necessary component of your mining rig is a Hard Drive. You could use a cheaper HDD/USB stick, but the SSD is preferred. If you are looking for a low-budget mining rig, you should go for the USB option though, as that tends to be much cheaper. The SSD is faster though and it often stays in good shape for longer.

Riser Cables

Now, these don’t have to be very expensive. You need a bit of quality though, so I recommend not to order at unknown sites that you shouldn’t trust, but you shouldn’t be paying tens of dollars for these things though. It’s best to use 1x 16x riser cables, which are needed to connect your motherboard & GPUs. One of these per GPU should be enough. (How to build an Ethereum Mining Rig).

Memory (RAM)

The Random Access Memory is the last, but definitely not the last piece you’ll need to complete your rig. A while ago, the 4 GB was fine and it should still work well, but I recommend getting 8GB of RAM now though, simply because it’s faster and more future-proof. The HyperX FURY 8GB DDR4 seems alright, but really any 8GB DDR4 coming from a trusted retailer should work for your mining rig, so don’t hesitate to buy one if you find a cheaper one at a trusted retailer.

Assembling the rig

Now we arrive at the part that’s much easier than the previous one for some, but much harder for others. It’s hard to explain how to assemble the whole rig exactly, as: If I would explain it, it would only be valid for one rig and you could encounter tons of complications if you take even a slightly different rig and your real situation might not even come close to my situation.

Assembling the rig mostly takes patience, a bit of work, and a reasonably well functioning brain. It’s not rocket science, really, as all pieces are kind of made to work together with other pieces.

Some obvious, yet often forgotten things are the temperature and ventilation of the room you put the miners in. You should put the miners in a cool environment, not too close to other objects (especially inflammable ones)

If you need help assembling the rig, a video would most likely help more than just words. Therefore I recommend to you: Youtube.com. The number 1 video provider on the internet. Just search for “Mining rig” on its search engine, together with some words that would best describe your rig, and off you go. For specific help, I recommend the Technical Support section of bitcointalk.org.

You’ve made it!

Now you know how to build an Ethereum mining rig! All that’s left to do is installing the right mining software (I suggest getting Claymore’s) on the right Operating System (I recommend windows 10, as it’s widely used, very reliable and functions greatly), configuring your miner to your likings (Overclocking it, underclocking it or just running it regularly, try testing it for the right hash power at the right electricity consumption, etc…) and then it’s finally time to pull some fresh Ethereum into your wallet!

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Bitcoin

Lightning Network The Next Big Pump [Updated 2021]

by cryptocreed
written by cryptocreed

Could lightning be the start of the next big pump?

It’s been pretty crazy lately with all the volatility, but there’s I think that there’s a good chance that implanting Lightning Network could bring Bitcoin’s price up to and then help stabilize it.

It’s been pretty crazy lately in terms of Bitcoin’s price, from China’s ICO Ban to JP Morgan’s Jamie Dimon calling Bitcoin a fraud. While Bitcoin’s price has been hurting a little, the sudden change from a slow climb to extreme volatility has really been quite a ride. There are a lot of people who choose to “ride the wave” (including me) and I think there’s a light at the end of the tunnel: Lightning Network.

What Is Lightning Network

For those who don’t know, Lightning is an off-chain transaction method that will cheapen mining costs and allow instant transactions for those who choose to utilize it (for those who don’t everything will continue on normally).

For those who are interested in more of a read on Bitcoin Lightning Network, Bitcoin Magazine.com does a much better explanation of it and Medium.com has a good FAQ; so if you are interested in finding out all the details I would highly recommend checking both of those sites out.

I am pretty sure you knew more about What Is Lightning Network.

Benefits Of Lightning Network Bitcoin

So you might be thinking, “What does instant transactions do to help us?” So try to imagine paying for coffee with Bitcoin. If you tried you’d have to wait for a confirmation which would take a while (I know it’s quicker if you pay a ridiculously high fee, but even then it’s still a bit too slow to do a quick transaction), and if the cashier let you leave with zero confirmations then he or she would risk you double spending those Bitcoins.

This is when the instant transactions come in. Now when it is easier to spend Bitcoin in person for normal everyday purchases people will start spending Bitcoin in normal everyday purchases, something that is nearly impossible to do at the moment unless you have time to wait around for it to be confirmed.

Once people do start spending Bitcoin on everyday transactions then it will get more mainstream. As more and more people start using it others will get curious about what Bitcoin is, and some of them may get start using it as well.

In order to get Bitcoins, you have to buy them, which drives the price up. Then, as the price keeps going up and Bitcoin gets a much better user base it will become much more stable than the volatile price we are seeing now; and with that fewer people in positions of fame will bash it and governments will probably be more reluctant to try to ban it, further increasing its price and stability.

Lightning Network Wallet

There are two known lightning wallets in the market are BLW wallet and BlueWallet. You can search other than this the lightning apps. Or you can use other lightning network wallets then click here.

My conclusion: once we get past this upcoming fork and the storm of hate calms down a bit I think that there’s a lot of potential for Bitcoin’s price to grow (perhaps even double or triple in price), especially with the potential of Bitcoin Lightning Network, which could allow mass adoption to become much more plausible.

Disclaimer: I’m no trader, and while I (the author) do believe what I wrote there’s always a chance that somebody is wrong, and I’m no exception. Please don’t rely solely on me for information or trading advice.

Lightning Network Stats

Currently, there is 631 Number of Channels. Lightning nodes are about 350 to 400.

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Ethereum mining
AltCoinCryptocurrencyMining

How To Do Ethereum Mining? Ethereum Mining Guide 2023

by cryptocreed
written by cryptocreed

How to mine Ethereum- Ethereum Mining

Since the launch of Bitcoin, mining has been a sweet way to earn some extra Bitcoins, as rewards were high and the difficulty was still low, because of the low amount of miners. Let’s learn How to ethereum mining.

The current Ethereum price is [eth-price]$.

If we manage to put them on the ladder wise then it will look like a;

  • Selecting hardware
  • Installing software
  • Joining pool
  • Starting mining
  • Start earning Ethereum

Currently, the situation is a bit different… Right now, it’s almost impossible to make any profit mining Bitcoin without specialized hardware and even then there are tons of risks and the possible rewards stay low. If you are not knowing how to start Ethereum mining then you are at the right place to learn.

That’s why many people are switching from mining Bitcoin to mining other cryptocurrencies. Ethereum is one of such cryptocurrencies. It’s a great alternative to Bitcoin and mining it can surely be profitable.

The problem is that most people don’t know how to mine Ethereum and the vast majority of them don’t want to find out, simply because they think it would take too much effort or that it would be too difficult. That’s why this article will focus on providing a simple guide on how to mine Ethereum. You will learn Ethereum mining how to.

Cloud Mining: An easy, but dangerous way

Cloud mining is probably the easiest way to mine Ethereum. The idea is amazing: You invest in a cloud mining company, the company buys miners, pays for the electricity, and runs them in a large facility, so they can make more ROI (Return On Investment) than you can by mining at home.

There are tons of Cloud Mining websites out there, offering you Ethereum Mining contracts for a certain price, often packed together with some maintenance costs. However, most of these Cloud Mining companies are scams. They will take your money, pay some of their investors to build trust, and then run away with the rest of the money.

Some Cloud Mining companies are less shady. One of these is Genesis-mining.com, which has been dominating the Cloud Mining sector for years now. The big disadvantage of investing in Cloud Mining companies like Genesis Mining, however, is that they don’t offer a lot of ROI (Return On Investment), unless the price of the cryptocurrency rises, which is what you want when you invest in a Cloud Mining contract.

Ethereum mining online is supported on multiple websites, although the problem is that the legitimate companies don’t pay a lot of ROI and the companies that do give you a lot of profit, are scams.

That’s why I suggest not to invest in Cloud Mining and to follow our guide below on how to mine Ethereum yourself.

Mining Ethereum yourself: A great opportunity

Mining Ethereum yourself is a bit harder than simply making an account on a cloud mining website and paying the company some money, but it’s also much more rewarding and isn’t as risky.

But don’t know how to mining ethereum? Do not worry this article will guide you to start mining Ethereum at your home.

Below, I will be talking about each part of the mining, from choosing the right hardware to joining the most profitable mining pool.

Choosing the right hardware

Choosing the right Ethereum mining hardware is hard. You have to find a low-cost miner that doesn’t consume much electricity but still provides some nice profits. The best way to mine Ethereum is through specialized GPUs. There are multiple places you can look for GPUs that fit your needs, such as on eBay, Bitcointalk & trusted webshops. Beware of fake reviews on these webshops though, so always google “[webshop name] scam”.

Here I mentioned the best Ethereum mining rig which you can purchase.

If you’ve found a miner that’s not too far out of your budget, you could try putting the information of the miner in a mining profitability calculator, like https://www.cryptocompare.com/mining/calculator/eth. What this calculator doesn’t show, is the noise the miner makes and the space it takes. Obviously, you must do your research

Remember that drops in Ethereum’s price or the rising mining difficulty might make reality a bit worse than what the calculator shows… Rises in Ethereum’s price, however, could make you some extra money. Also, take into account the quality of the miners. If the miner has been used for years already, its hash rate is probably a lot lower than when it was new and it will most likely stop functioning properly quickly.

If you’re not sure whether it would be wise to buy a miner or not, you could try asking people in the Mining Support section of Bitcointalk or on the other site. It’s definitely not an easy choice and mistakes are made very often.

Cooling, Power supply, etc.

As mining Ethereum consumes electricity and produces heat, you must get a power supply and a cooling system too. The amount of cooling your mining rig requires, depends on where you live though, as living in Antarctica obviously doesn’t require a very expensive cooling system, whilst living in a desert would require a well-functioning cooling system.

Power supplies and motherboards are also necessary for an Ethereum mining rig. What Power supply and motherboard you should get really depends on the miners you have in your rig. It’s recommended to do your research on both the miner and the cooling system, power supply, motherboards, and any additional parts like the computer cases, before purchasing any of these.

Installing Software

To mine Ethereum, you also need the right software. One of the best places to get your Ethereum mining software is https://github.com/nanopool/Claymore-Dual-Miner/releases. Although there is other mining software available, claymore’s is the best I know of. Install the newest version, configure it as you like, and go here to see all commands and features: https://bitcointalk.org/index.php?topic=1433925.0. That is also the place to request help if needed.

Joining a mining pool

Joining the right mining pool is a very important part as well. As solo mining has become nearly impossible nowadays, due to the total hash power being very high, which makes your chances to find a block very low, and thus it might take years to earn your first dollar worth of Ethereum.

Therefore, it’s recommended to join a mining pool. Mining pools are groups of people mining in one “pool”, combining their mining power to achieve a higher total mining power, which makes your chances to find a block higher and thus you will find blocks more often and your income will be higher.

As most pools take a fee, it’s also important to take the fees into consideration. Some mining pools offer very low fees, but if their total hash power is still very low, it won’t be worth it. Therefore, you must look for a combination of high total hash power and low fees. This will grant you the best possible income.

Managing the risks & rewards

The final part of the game is managing your risks & rewards. It’s very important to be the only one who has access to the Ethereum address you’re sending your mining rewards to, you must make sure not to lose your keys and you should never rely completely on mining. If you completely rely on mining, a simple drop-in Ethereum’s price, a rise in its difficulty, a break-down of your miners, or some other disaster could ruin your life permanently.

Ethereum Mining Calculator

You can use the below form in order to calculate ethereum mining.

[eth-mining-calculator]

Ethereum Mining FAQ

Is there anything like free Ethereum mining sites?

There is no way to mine Ethereum for free but there are some sites that are not really worth it.

Ethereum mining profitability?

The mining of Ethereum is still profitable with only the best and high-quality mining rigs.

What is the best Ethereum mining pool?

Click here to find all pools which you can use in your mining.

Is there any Ethereum mining app?

If you are doing mining with hardware then there is no need for the ETH mobile mining apps and if you are doing cloud mining then there are many apps.

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Wallet

What Is Dash Cryptocurrency And How To Buy DASH Coin in 2024

by cryptocreed
written by cryptocreed

According to coingecko, Dash cryptocurrency is ranked somewhere between 30 to 35 rank. And the current dash coin price is 67$.

What Is Dash?

Dash is one of the most popular coins in the crypto community. According to the Dash website, it is Digital Cash that you can spend anywhere. Dash also is known as Darkcoin and XCoin. Dash is an open-source peer-to-peer cryptocurrency that offers the same features as Bitcoin. But Dash has some advanced features like Instant Transactions (InstantSend), Private Transactions (PrivateSend), and Decentralized governance (DGBB). Miners are will get Dash’s for mining Dash and master nodes will get it for validating, storing, and serving the blockchain to users.

Dash was released in 2014 but it gets named “Dash” in March 2015. Before Dash’s name is XCoin in Jan 2014 and it changed to DarkCoin in March 2014. The advantage of using Dash is it provides Privatization, from start to end nobody can track your payment. Instant, Dash provides the additional option of “Use InstantX” in their wallet and the sent amount will be sent fully within a few seconds. Security, transactions are confirmed by 1000 GH of X11 ASIC computing power, and over 4100 servers hosted around the world.

DASH Wallet

First of all, you need a wallet or a Dash wallet to keep your coins. Same as other coins that have their wallets. Never store your coins in your online wallets and in mobile wallets. Because they are not very secure. There are four different types of wallets where you can store your coin.

Desktop Wallet

Dash desktop wallets are the easiest and most speedy way to store and access your coin. Desktop wallets are available for OSX, Linux, and Windows. These types of wallets are not the most secure. Also, you will not get the benefit of features like InstantSend and PrivateSend.

Mobile Wallet

Mobile wallets are the easiest way to carry your Dash with you but it’s not safe. Dash mobile wallets are available for Android and iOS. you can download Coinomi, Jaxx, or any other wallet v.0.9 wallets for your mobile.

Hardware Wallet

The safest way to keep the store and spend your Dash is a hardware wallet. Dash Hardware wallets provider like KeepKey, Ledger Nano S, and Trezor.

You can use the following Bitcoin wallets because they mostly support Dash cryptocurrency too.

How to Buy Dash Coins:

After having any wallets given above you are now ready to buy Dash coins. There are different ways to buy your first coin with cash PayPal or exchanges. Let’s discuss them here.

Buy Dash with Teller Machines ( ATM, CTM) – how to purchase dash cryptocurrency?

Crypto ATMs nowadays get more popular. There are more than 1500 ATMs around the world. Buying Dash through an ATM is the easiest way to get your coin check here ATM near you coinatmradar.com. For more info on how to buy DASH through Teller Machine visit here.

Through Wire Transfer

Several sites allow their users to buy crypto coins through Wire Transfer services like BitPanda– Which allows buying Dash using CC, Skrill, and SEPA transfer. You can buy only through EROS. Kraken- Well known altcoin exchange. AnyCoinDirect- Buy DASH here through SEPA transfer only for EUROPE people.

Buy Dash Through Exchanges

If you don’t have Credit Cards and are not able to buy through the given above ways then you can buy DASH through online exchanges. You can convert your Bitcoin or altcoins to this coin through online exchanges. Here is the list of online exchanges that support DASH.

NOTE:

Always use a Hardware wallet to store your coin.

Use always trusted exchange sites.

Never hold your crypto coins in your desktop or mobile wallets or exchange account after buying them.

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AltCoinReviews

Centra Tech World’s First Multi-Blockchain Debit Card & Insured Wallet

by cryptocreed
written by cryptocreed

Since the start of Bitcoin and Blockchain digital form of money has been growing very rapidly and in 2016 World Economic Forum has given Blockchain in the top 10 emerging technologies. As per there prediction Blockchain responsible for holding 10% of worldwide GDP by 2025. But many people don’t know what is blockchain or how to use it, even persons who are somehow familiar with blockchain. Centra Tech here comes with some relevant applications which can use as a mobile account to top up cryptocurrencies. Centra Tech makes a combo of both fiat and crypto into one product.

Cryptocurrency holders: Centra Tech target every customer but it target cryptocurrency holders as main. These holders are frequent global clients and can take the most advantage of Centra’s CCE, “Currency Clearance Engine” and to get the best exchange rates.

Fiat-only customers: Fiat currency holders want to leverage low cost, speed, security, and anonymity of the Blockchain framework because it’s better than paying high charges to conventional frameworks.

Regulatory environment: As the having lack of knowledge about how blockchain-based startups and services work their services and ethics, people afraid to venture into.

Problems

Value lost in monetary translation: Every government keeps account records in the country’s local currencies. Foreign entity statements of accounts interpreted during cross border transactions. For Ex. UK based company “pound” would have to translate into “dollars” by a US company. This procedure is known as foreign currency translation. These transactions or value translations result from a huge loss of financial value.

Ten-year high ATM fees: Banks charges ATM fees on many different bases like depending on the place, for Ex. if you are using ATM in Phoenix, Atlanta, and Cleveland and living same, it will cost high fees but if you are living in Boston, it will cost low fees. Also, banks charge some amount for maintenance charges.

Associated problems: Developing nations get benefited in 2015, 432$ billion worth of lifelines from remittances. This may change the lives of families of any country.  But the frameworks which handle these remittances are appallingly wasteful. centra tech ceo

Solutions

Centra smart wallet: A multi-asset Blockchain Wallet that is secure, insured, and connects to your Centra Card. The team developing good and simple to use the wallet for compatible for the iOS app store, play store, and later on desktop/web. Users have to enter their information to get active in the wallet. This wallet is safe from hackers and theft. Centra smart wallet will connect with centra card, users can put limitations on their card like withdrawal limit and sending limit. centra tech inc

Centra Card: Centra cards will be available in two forms one is Visa card for united states users and the second one is MasterCard for international users. you can get your card by requesting through centra wallet app. Almost every cryptocurrency is available on these cards. This card is accessible to more than 200 countries persons. centra tech inc

There were five different cards that will be available for users, Centra Titanium card, Centra black Card, Centra gold Card, Centra blue Card and Centra virtual Card. These cards have their own specifications and features. centra tech CEO

Currency Conversion Exchange (CCE) Module

Centra’s CCE module is coordinated with all the stages and cards, though Centra is an API friendly platform. centra tech debit card. It makes utilizes our liquidity pool and stage to change over any upheld Blockchain asset to the fiat used at market value with 0% charges. centra tech CEO

Centra announce a token sale on September 19th, 2017, and will end on  5th October 2017. Centra token ticker is CTR. 18M tokens are available for Crowdsale with a maximum cap of 3K ETH. 200 CTR = 1 ETH

Team  centra tech coin

centra tech coin

Contact Link

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centra tech debit card

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