If you are new to cryptocurrency, you should have heard about altcoin. So, what is an altcoin? Does it have anything to do with Bitcoin? Let’s explore. An Altcoin is a technical term used to differentiate other coins from Bitcoin. Put, any cryptocurrency different from Bitcoin is termed “Altcoin.” Simple, right? The word “Altcoin” can […]
An initial coin offering, or ICO, is a controversial fundraising method for launching blockchain and cryptocurrency networks that involves the sale and distribution of a new crypto asset in exchange for other tokens, commonly Bitcoin (BTC) and Ether (ETH). During the “ICO mania” of 2017 to 2018, projects collectively raised billions of dollars in capital, […]
While “cryptocurrency” is often used as an umbrella term to describe all digital assets, several specific types of cryptos exist. Most of them fall into two main categories: coins and tokens. Coins, or currencies, have one function: to transfer monetary value. Bitcoin (BTC) and Litecoin (LTC) are good examples of currencies. On the other hand, […]
Tax-loss harvesting is a popular tactic used by many investors who hold traditional assets such as stocks or bonds, and it can also be applied to cryptocurrency investments. Crypto tax-loss harvesting follows the same principles as ordinary tax-loss harvesting, except crypto investors can use it to reduce their tax liabilities. Crypto tax-loss harvesting is particularly […]
ERC-20 is a standard for creating and deploying smart contracts on the Ethereum blockchain. ERC-20 tokens are digitized tokens that live on that blockchain and adhere to those standards. The Ethereum blockchain was built specifically for smart contracts, virtual agreements that can be programmed to execute automatically when certain conditions are met. This functionality allows […]
A source told the WSJ that Telegram would not be holding the expected ICO round to the broader public, as rumored earlier. The Wall Street Journal (WSJ) reported today, May 2, that Telegram’s plan to launch an Initial Coin Offering (ICO) has been scrapped. The fact that the messaging app had already raised enough money through its two private […]
Founded in 2013 by Pavel and Nikolai Durov, Telegram is a cloud-based encrypted messaging service with over 400 million users. Through its purported security and strict adherence to censorship resistance and privacy principles, the Telegram messenger app has become a popular choice for individuals seeking secure communication channels, much to the dismay of governments and […]
Binance Coin (BNB) is the utility token for Binance, one of the largest cryptocurrency exchanges by volume. Traders can use the token to pay fees on the platform, and developers can use it to power applications, like smart contracts, on the Binance Smart Chain (BSC). As one of the top five cryptocurrencies by market cap […]
There’s always a cost to doing business. And that includes mining cryptocurrencies like Bitcoin — a cost often expressed as a trading fee, a transaction fee, or a “mining fee.” As many Bitcoin enthusiasts know, one way to add to your holdings is to mine. Bitcoin mining is a validation process on a blockchain that rewards the […]
Cloud mining is a way to mine cryptocurrencies like Bitcoin and Ethereum without investing in expensive, energy-intensive computer hardware and software. This article will explain the need for Bitcoin cloud mining, how it differs from traditional mining, and more. We will explore the following: • What is Traditional Cryptocurrency Mining?• What is Bitcoin Cloud Mining?• Why Crypto Mining […]
To mine Bitcoin, a number of things are required. Miners need: • Mining hardware: Application Specific Integrated Circuits (ASICs) or Graphic Processing Units (GPUs) • Bitcoin mining software • A bitcoin mining pool • Electricity: Bitcoin mining typically consumes a large amount of energy • A place to set up a mining rig • In some cases, a way to cool down ASICs/GPUs […]
Introduction Cryptocurrency exchanges are the platform that is used to encourage trading in cryptocurrencies for assets such as fiat currencies. Just like stock exchanges empower the trading of stocks, crypto exchanges do the same. Many people are aware of stock exchanges and are comfortable participating in them. However, on the other hand, cryptocurrencies are in […]
A decentralized exchange (DEX) is a digital currency exchange that allows users to buy crypto through direct, peer-to-peer cryptocurrency transactions all over an online platform without an intermediary. It differs from a traditional centralized exchange, where a typical transaction involves a third-party entity (e.g. bank, trading platform, government institution, etc.) that takes custody of user […]
“Bitcoin halving” refers to an event that happens every four years when the block rewards for Bitcoin miners get cut in half. This reduces the supply of new bitcoins by 50%. The crypto halving process was built into the Bitcoin protocol to ensure that Bitcoin would be a good store of value by remaining a […]
Bitcoin mining pools provide a way for multiple parties to “pool” their efforts when mining Bitcoin. Over time, mining Bitcoin has become increasingly complex and resource-intensive. As such, pooling resources can make it easier and cheaper to become a Bitcoin miner. In a Bitcoin mining pool, many network participants combine their computing power into one […]
Explanation The mining hash rate is a crucial security metric. The more hashing (computing) power in the network, the greater it is security and overall resistance to attack. Although Bitcoin’s exact hashing power is unknown, it can be estimated from the number of blocks being mined and the current block difficulty. Notes Daily numbers (raw […]
As a decentralized digital currency, Bitcoin is valued primarily on supply and demand on the exchanges where it’s bought and sold. But other variables come into play, driving up the value of Bitcoin to new heights and then driving it down at times, too. What is the Value of 1 Bitcoin? Cryptocurrency Prices by Coinlib The […]
As of June 2022, about 2 million bitcoins (BTC) are left to be mined, meaning that there are nearly 19 million currently in existence. Bitcoin has recently gained popularity as an investment because of its unique design and underlying technology. Part of what gives Bitcoin value is that it has a limited supply. There will only ever be 21 […]
What Is Gas (Ethereum)? Gas is the fee required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform. Fees are priced in tiny fractions of the cryptocurrency ether (ETH)—denominations called gwei (10-9 ETH). Gas is used to pay validators for the resources needed to conduct transactions.1 The gas price is determined by supply, demand, and […]
While the best-known use of the blockchain is to store and transmit digital currencies, the blockchain also has many other uses. Among those uses are smart contracts, which use blockchain technology to automatically execute all or part of the agreements between two parties. Some users already use them to do business in the real estate […]
Crypto Terms The world of cryptocurrencies and blockchain networks is awash in terminology and jargon that can sometimes sound strange or confusing. Given that the language of crypto is evolving daily, it can be helpful to brush up on standard terms and definitions. A Airdrop When a company “drops” cryptocurrency into an investor’s wallet, usually […]
FUD stands for “Fear, Uncertainty, and Doubt.” FUD stands for “fear, uncertainty, and doubt” and refers to a general mindset of pessimism about a particular asset or market, manipulating investor or consumer emotions so that they succumb to FUD. While the term “fear, uncertainty, and doubt” has been in circulation for a century or so, […]
HODL is short for “hold on for dear life,” and it’s a popular term among crypto investors. Although it looks like a funny misspelling of the word “hold” — and some say that’s how it began — HODL is also related to the traditional buy-and-hold investment strategy as one way to cope with volatility. For newcomers […]
When a cryptocurrency community decides that they want or need to destroy units of a specific cryptocurrency, they use a process called coin burning. Burning crypto is the process that effectively takes those tokens out of circulation, reducing the total supply of that coin and, in some cases, increasing demand. A crypto coin burn is similar […]
DeFi, short for decentralized finance, is more than just a popular buzzword in cryptocurrency. It’s a concept that is disrupting the centralized financial services model, equalizing access and bringing more control to users across the globe. In this article, we will cover everything a consumer might want to know about DeFi, including: • What is […]
Comcast Xfinity customers report their accounts being hacked in widespread attacks that bypass two-factor authentication. These compromised accounts are then used to reset passwords for other services, such as the Coinbase and Gemini crypto exchanges. Starting on December 19th, many Xfinity email users began receiving notifications that their account information had been changed. However, when […]
Ultra-secure Trezor and software wallet Exodus are top choices. We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. ZPenterprises does not give direct financial advice; we bring attention to relevant trends. Please do your research. Final Verdict With […]
What Is an Initial Coin Offering (ICO)? An initial coin offering (ICO) is the cryptocurrency industry’s equivalent of an initial public offering (IPO). A company seeking to raise money to create a new coin, app, or service can launch an ICO to raise funds. Interested investors can buy into an initial coin offering to receive a new cryptocurrency token issued […]
FinTech (financial technology) is a catch-all term. FinTech (financial technology) is a catch-all term referring to software, mobile applications, and other technologies created to improve and automate traditional forms of finance for businesses and consumers alike. FinTech can include everything from straightforward mobile payment apps to complex blockchain networks housing encrypted transactions. This guide will […]
What is a Crypto Hardware Wallet? Unlike software wallets, which are vulnerable to security holes and hackers, offline hardware wallets were developed so that you no longer have to trust software on your computer to hold your private keys. Hardware wallets store your private keys on a physical device with specialized firmware that prevents your […]
What Is a Mobile Wallet? A mobile wallet is a digital wallet that stores payment card information on a mobile device. Mobile wallets are a convenient way for a user to make in-store payments and can be used by merchants listed with the mobile wallet service provider. Understanding a Mobile Wallet The business-consumer relationship is becoming increasingly […]
What Is a Paper Wallet? A paper wallet is a piece of paper with your private and public keys printed out. Some paper wallets might also have a scannable barcode created by an app. It is a way to store and take access to your cryptocurrency offline. When you print your keys, they are removed from the […]
What Is a Private Key? A private key sometimes called a “Wallet Pass Phrase,” is a secret number or series of words used in cryptography, similar to a password. In cryptocurrency, private keys or Pass Phrases are also used to sign transactions and prove ownership of a blockchain address. A private key is an integral aspect of Bitcoin and Memecoin/Altcoins, and its […]
What Is a Digital Wallet? A digital wallet (or electronic wallet) is a financial transaction application that runs on mobile devices. It securely stores your payment information and passwords. These applications allow you to pay when you’re shopping using your device, so you don’t need to carry your cards around. You enter and store your credit card, […]
Metadata is “data that provides information about other data,” but not the content of the data, such as the text of a message or the image itself. There are many distinct types of metadata, including: Metadata is not strictly bound to one of these categories, as it can describe a piece of data in many other ways. Metadata […]
What Is the Consumer Price Index (CPI)? The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and […]
Digital banking (online and mobile banking) makes managing finances easy. With digital banking technology, you can pay bills, deposit checks and transfer money from wherever you’re located. Due mainly to their convenience, online and mobile banking are the two most popular ways to bank. More than three-quarters of Americans (78%) prefer to bank digitally. But […]
Cryptography studies secure communications techniques that allow only the sender and intended recipient of a message to view its contents. The term is derived from the Greek word “kryptos”, which means hidden. It is closely associated with encryption, which is scrambling ordinary text into what’s known as ciphertext and then back again upon arrival. In addition, cryptography […]
In response to the FTX insolvency, the crypto markets have been in a risk-off mood, with asset prices falling precipitously for all crypto tokens, fungible and nonfungible. The aggregate market cap of all cryptocurrencies fell 23% to $786 billion from $1.02 trillion within four days. Nansen’s NFT-500 index indicates prices of nonfungible tokens (NFTs) on […]
Two months after the U.S. choked off China’s access to two of Nvidia’s high-end microchips, the American semiconductor design giant unveiled a substitute with a reduced processing speed for its second-largest market. The Nvidia A800 graphic processing unit is “another alternative product to the Nvidia A100 GPU for customers in China,” a spokesperson for Nvidia said in […]
What Is an Application-Specific Integrated Circuit (ASIC) Miner? An application-specific integrated circuit (ASIC) is an integrated circuit chip designed for a specific purpose. An ASIC miner is a computerized device that uses ASICs for the sole purpose of “mining” digital currency. Generally, each ASIC miner is constructed to mine a specific digital currency. So, a […]
What Is Litecoin (LTC) Mining? Litecoin (LTC) is a cryptocurrency created as a fork of Bitcoin in 2011. It uses a hashing algorithm called Scrypt that requires specifically designed mining software and hardware. It is minable and continues to rank in the top cryptocurrencies for value and trading volume. Litecoin mining is validating transactions in […]
What Is a Central Bank? A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of countries. In modern economies, the central bank is usually responsible for formulating monetary policy and regulating member banks. Central banks are inherently non-market-based or […]
What Is Litecoin (LTC)? Litecoin (LTC) is a cryptocurrency created from a fork in the Bitcoin blockchain in 2011. It was initially designed to address the developer’s concerns that Bitcoin was becoming too centrally controlled and to make it more difficult for largescale mining firms to gain the upper hand in mining. While eventually unsuccessful in preventing […]
OVERVIEW Dogecoin can be mined similarly to Ether (ETH) and Bitcoin (BTC). Mining Dogecoin (DOGE) is the process of computers solving mathematical puzzles and adding blocks to the Dogecoin blockchain. A GPU (Graphics Processing Unit) or an ASIC mining machine is recommended to mine DOGE. Joining a mining pool is an easy way to start […]
What Is a Meme Coin? A meme coin is a cryptocurrency term for popular currencies, sometimes depicted with comical or animated “memes” supported by enthusiastic online traders and followers. But while meme coins may be fun, they are also hazardous investments and may hold little or no intrinsic value. DOGECoin, Shiba Inu, and other currencies that […]
DOGE was created as a lighthearted alternative to traditional cryptocurrencies, but it’s become precious. For most of its existence, Dogecoin was generally considered an amusing “meme coin” beloved by its community — but with relatively little value. That changed in 2021: as of April, Dogecoin became one of the ten biggest cryptocurrencies by market cap — with a […]
DOGECoin, the cryptocurrency branded after a viral dog meme from 2013, is up 35% since Monday as Elon Musk’s deal to buy Twitter approaches a close. The token price often moves in lockstep with comments made by the Tesla CEO. DOGE is up 10% in the last 24 hours after the SpaceX chief changed his […]
Mining ETCHASH with 3 and 4 MB and beyond GPU mining. WhatToMine.com today, as of this post 22OCT2022, said ETCHASH (ETC) is the most profitable for my setup today, so I decided to write an article for a “blow-by-blow” setup. Mind you, you should always check WhatToMine.com for their best bets for what to mine […]
The shake-up after the merge has undoubtedly changed the proof of work of crypto in mining. Not forever, but it has changed the landscape for sure. These pictures are new additions to my crypto family in the death throws while “scalping” GPUs dirt cheap. But the returns are not all that favorable. I don’t think […]
Technology major Google has teamed up with cryptocurrency exchange platform Coinbase as it looks to allow cryptocurrency payments for its cloud services. According to a press release, the two entities will leverage their strengths towards building the next iteration of the internet, dubbed Web3. Web3 is the vision for the world wide web, where the […]
Is Paypal becoming the internet’s “Thought Police?” Next time you’re clicking through one of those impossibly long and impenetrable legal disclaimers to a company’s terms of service, it may be time to look closer. A new policy in PayPal’s fine print triggered a storm of outrage over apparent plans to impose, starting on Nov. 3, a […]
UBER’S FORMER CHIEF Security Officer (CSO), Joe Sullivan, was found guilty this week of actively hiding a data breach from the US Federal Trade Commission (FTC) and concealing a felony. The case has reverberated through the security and tech worlds because it is seemingly the first time an individual executive has faced criminal prosecution for charges […]
I know, I know… ETH / Ethereum mining is over. People are hemorrhaging and selling cards like crazy, like a liquidation market gone astray. I will capitalize on this and play the long game. The “Hail Marry” has to be at the end of the rainbow of Crypto Mining! This is the 3rd 3060 card […]
Thanks to AMD, in the summer of 2019, new PCI Express hardware arrived in our computers, promising graphics cards and solid-state drives faster than ever. The PCI Express 4.0 interface offers double the bandwidth of PCI Express 3.0 (PCIe 3), and it can do that for any expansion cards that connect to your motherboard. Now […]
PCI Express is a popular technology these days, and many are asking what it is, what it does, and why there’s so much fuss about graphics cards, solid-state drives, and motherboards that support PCI Express 4.0. In this article, we’re going to answer these questions. We will also try to shed some light on what […]
Crypto mining, PoW, or Proof of Work with ETH is over. Vitalik Buterin and ETH decided to go to proof of steak, er stake lol; not long ago were days of passive income with Ethereum (ETH). Well, I have solar on my roof now, and that silly white stuff called snow is coming. So I […]
Both the SEC and Ripple have filed motions for summary judgment, each asking the judge to rule in their favor without a trial. XRP, a cryptocurrency initially launched by the founders of crypto payments company Ripple, jumped 11% early Friday morning following an intense week of gains—and hope from investors that the SEC’s lawsuit against […]
One crypto intelligence firm revisits its selloff predictions from a month ago. Predictions that the Ethereum merge would be a “buy the rumor, sell the news” event have primarily played out in the wake of the much-anticipated update to the second-largest cryptocurrency by market cap. At least, that’s the post-merge conclusion of Glassnode, a crypto […]
Proof-of-stake is a method of maintaining integrity in a blockchain, ensuring users of a cryptocurrency can’t mint coins they didn’t earn. Proof-of-stake is a method of maintaining the integrity of a cryptocurrency, preventing users from printing extra coins they didn’t earn. While a different method, called proof-of-work, is currently used by Bitcoin and Dogecoin, for example. Proof-of-work and proof-of-stake […]
Now redundant, Ethereum miners are flocking to other proof-of-work tokens after the network switched to a proof-of-stake consensus mechanism and finding slim pickings. Ethereum miners find it increasingly hard to make money after the Merge as too many are switching to alternative coins, crushing mining profitability. Earlier Thursday, Ethereum, the world’s second-largest blockchain network, switched its consensus […]
Ripple is a money transfer network designed to serve the financial services industry’s needs. XRP is the native cryptocurrency that the Ripple network does, and it consistently lists among the top 10 cryptocurrencies by market capitalization. What Is Ripple? Ripple is the company behind XRP, and it’s a payment settlement system and currency exchange network that can process transactions […]
Emerging from the ashes of the financial wildfire that spread across the world in 2008, the seeds of a new digital financial ecosystem germinated from an email sent by Satoshi Nakamoto to a group of techies that November: “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. The paper […]
Even though Bitcoin only exists digitally, you’ve got to keep it somewhere, whether you’re hoping to use it to buy goods or services today or invest it for the long term. You’ll also need to begin using a Bitcoin wallet when you start buying Bitcoin. Luckily, crypto wallets generally work like physical billfolds—they keep up […]
Ever heard of rug pulls and pig butchering? Be more intelligent than the scammers and learn how common crypto scams work in detail. The US Federal Bureau of Investigation (FBI) estimates that, between January and March 2022, more than US$1.3 billion dollars in cryptocurrencies were stolen by cybercriminals. It is a significant amount, given that by […]
Where do we go from here after the ETH Merge? So, I put considerable effort and funds into GPU mining before “The Merge” was understood and how it impacted crypto mining with ETH. Did I get into mining Crypto too late into “the game?” Maybe, I don’t know. The “rules” of the game changed while […]
The crypto industry is getting excited for a big event known as “the Merge,” — which proponents say could boost prices in the long run and significantly change the future of cryptocurrency. The Merge is an upgrade to the Ethereum blockchain, the technology that fuels the second largest cryptocurrency and other technologies in the crypto ecosystem, […]
Learn what you need to know before you invest in a virtual currency What Is Cryptocurrency? A cryptocurrency is a digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they […]
Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the middle of 2021, after making a considerable investment in the cryptocurrency in 2021. The value of Bitcoin has since crashed. During an investor call, Tesla CEO Elon Musk emphasized that the sale was about “overall liquidity” and did […]
JPMorgan strategists may have just called Bitcoin’s bottom price. Others suggest there’s still more pain ahead. In a recent report by Decrypt, investment bank JPMorgan estimates that the production cost to mine one Bitcoin has dropped from $24,000 at the start of June to just $13,000. Bitcoin’s production cost estimates the average cost for mining one Bitcoin daily. This cost […]
To preserve its decentralized vision, the Monero team has instituted a hard fork and incidentally spawned four new iterations of the vaunted privacy coin. However, the move has been met with a good deal of skepticism and confusion by the market at large. Here, we’ll explain briefly why the fork occurred, what led to the new coins’ creation, […]
This weekend I got a Discord PM saying I won 4.14 ETH (Approx 5k USD). Obviously, I know it’s a scam, but I signed up for their wallet/exchange to see what’s up. I’ve smelled enough scams out, I felt this was one. Everyone wants to “win the lottery”, but this was just too good to […]
So I am expanding my curiosity, investment, and mining capabilities in building a new 2-level Crypto Mining Rig. The intention eventually will be to fill it with 16 AMD Radeon 6800 GPUs for crypto mining. I was attempting to build a “riser card” type of miner, and it didn’t work out so well. I am […]
Bitcoin (BTC) is the first cryptocurrency, and it’s also the best-known of the more than 19,000 cryptocurrencies today. Financial media eagerly covers each new dramatic high and stomach-churning decline, making Bitcoin an inescapable part of the landscape. While the wild volatility might produce great headlines, it hardly makes Bitcoin the best choice for novice investors […]
We all know BUSD and USDT are stable coins. BUSD is issued by Paxos, while USDT is issued by Tether. However, what is the differences between these two stable coins… The main difference between BUSD and USDT is that BUSD is backed 1:1 with the US dollar held in reserve by Paxos, while USDT is […]
XYO, ETH, and BTC redeem price is determined by taking the highest of the current price, the average of the previous day’s worth, and the last 7-day average price. To redeem your digital assets, you must meet these requirements: Have a COIN account The account is two weeks old Mined at least 10,000.00 COIN Tokens […]
Isn’t it crazy how cryptocurrencies have only been around for about a decade, yet we have hundreds of cryptocurrency terminologies? Being a crypto-enthusiast, I know how difficult it can be to keep up with new terminologies. So maybe you have come across this term before, and you would like to understand it further. Come with […]
“Spend crypto, earn crypto.” The Coinbase card allows you to spend the crypto in your Coinbase account on everyday purchases and receive crypto rewards for doing so! LEARN MORE (at Coinbase’s secure site) The information regarding the Coinbase Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. Coinbase is easily the […]
I am very impressed with the configuration of Crontab jobs to take care of my system automation for my XMR / Monero farm. I wanted to move/relocate my server rack, which hosts most of my XMR / Monmero mining “rigs,” to another room for quiet and not overheated as the room was getting hot due […]
So I said I was going to keep you updated on my Crypto Currency mining, so here is the update. Now, that’s 21 miners, either Raspberry PI, a laptop, a desktop, or a virtual server with VMWare. But that’s 21 miners, quite sick if you ask me to have 21 machines working to mine Monero […]
Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its price target for the coin, which was trading at just above $29,600 on Thursday afternoon, at $38,000 according to Markets Insider. […]
To properly maintain your HiveOS environment, you might need to manage/delete one of your Hive OS farms. I created an initial “farm,” which was not working, but that is ok. I was learning. So for others out there, it’s not rocket science, but it’s not “clickity-clickity-click, delete”; you want to know what you are doing. […]
This is my first attempt at getting into GPU Crypto mining and an attempt at documenting me building out the chasse to house all of the components. I was really curious about getting into Cryptocurrency mining. I have no peers other than fellow mining enthusiasts in the game already teaching others about building rigs in […]
This is the update I have with switching to MoneroOcean.steam. This is a checkpoint, I have turned on special crontab jobs to ensure the miner is up, and a relaunch of the client if not up. I standardized a lot of my settings for all rigs. I modified a lot of the start-up to support […]
Current Rig Status: The “Down Time”that is reported is when I powered down my right I just built and am tweaking; to reconfigure and add a new rig setup and add an individual new card to it. So I have only been mining since “Sunday the 15th, 2022.”, so there is not much to show […]
DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant or a lawyer. I’m not a finance professional through formal education. I am just a hacker. I am unsure of my reboot scripts at this moment, or if the new XMR / Monero miner, MoneroOcean.stream’s new […]
So I decided to start a new “Crypto Mining” experiment for fun and to earn some passive income with my internet. I just upgraded to a faster service level with my provider, and I am experimenting with new Crypto Currency miners. While I build out my Ethereum rig, and I am finishing up on my […]
Blockchain is the innovative database technology at the heart of nearly all cryptocurrencies. By distributing identical copies of a database across an entire network, blockchain makes it very difficult to hack or cheat the system. While cryptocurrency is the most popular use for blockchain presently, the technology offers the potential to serve a very wide […]
So I have for months been using Supportxmr.com as a Monero (XMR) mining pool for about 16 Raspberry Pies and a handful of HP-DL380s with virtual machines running full blast mining some CPU based crypto. I examined the cost/benefit analysis regarding my electricity bill and how many hashes I was churning out. I was bored […]
Proof-of-work is the blockchain-based algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum. Proof-of-work is the algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum. Most digital currencies have a central entity or leader keeping track of every user and how much money they have. But there’s no such leader in charge of cryptocurrencies like […]
Cardano is an open-source, decentralized, proof-of-stake (PoS) blockchain platform designed to be a more efficient and environmentally sustainable alternative to proof-of-work (PoW) platforms like Ethereum and Bitcoin. The native token on the Cardano blockchain is Ada, named after Ada Lovelace, a 19th-century mathematician. (Cardano itself is named after Gerolamo Cardano, a 16th-century scientist and mathematician.) […]
What Is Fiat Money? Fiat money is a government-issued currency not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government rather than the worth of […]
What Are Blockchain Consensus Algorithms? A crypto consensus mechanism forms the foundation of any blockchain. In 2009, Satoshi Nakamoto invented Bitcoin’s proof-of-work consensus algorithm to secure the Bitcoin network. Since then, several alternative consensus algorithms have been proposed. The basic idea of achieving consensus on a blockchain is to create a way for everyone can […]
Supported OS: Debian, Ubuntu, and Raspbian. Does NOT seem to work on KALI. Install! Option 1: To install the MYST node type such commands into the terminal: It has been noted sometimes the add-apt-repository command is not found. Click here for a quick fix for that! Option 2: We also provide an installation script written […]
I am thrilled to present some of the images of my Raspberry Pi “Crypto Miner Rig Tower”! I ordered countless Raspberry Pi 4’s, some cooling fans, and some custom parts to create this cool-looking tower to start mining Crypto, specifically Monero/XMR. I have other projects I will post that I am doing with them, but […]
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card and grants access to members-only benefits; the first is access to THE BATHROOM, a collaborative graffiti board. The community can unlock future areas […]
Table of Contents: XMR Wallet Mining Considerations XMRig Install Instructions What Is Cryptocurrency Mining? Crypto mining is the process by which new cryptocurrency “blocks or entries”are created and “mined,” and here, XMR / Monero coins are entered into blockchain circulation; it is also the way that new transactions are confirmed by the network and a critical component […]
Satoshi Nakamoto, the inventor of the Bitcoin protocol, published a paper outlining it via the Cryptography Mailing List on Nov. 1, 2008. He then released the first version of the Bitcoin software client in 2009. He participated with others on the project via mailing lists until he finally began to fade from the community toward the end of 2010. […]
If you are new to cryptocurrency, you should have heard about altcoin. So, what is an altcoin? Does it have anything to do with Bitcoin? Let’s explore. An Altcoin is a technical term used to differentiate other coins from Bitcoin. Put, any cryptocurrency different from Bitcoin is termed “Altcoin.” Simple, right? The word “Altcoin” can […]
An initial coin offering, or ICO, is a controversial fundraising method for launching blockchain and cryptocurrency networks that involves the sale and distribution of a new crypto asset in exchange for other tokens, commonly Bitcoin (BTC) and Ether (ETH). During the “ICO mania” of 2017 to 2018, projects collectively raised billions of dollars in capital, […]
While “cryptocurrency” is often used as an umbrella term to describe all digital assets, several specific types of cryptos exist. Most of them fall into two main categories: coins and tokens. Coins, or currencies, have one function: to transfer monetary value. Bitcoin (BTC) and Litecoin (LTC) are good examples of currencies. On the other hand, […]
Tax-loss harvesting is a popular tactic used by many investors who hold traditional assets such as stocks or bonds, and it can also be applied to cryptocurrency investments. Crypto tax-loss harvesting follows the same principles as ordinary tax-loss harvesting, except crypto investors can use it to reduce their tax liabilities. Crypto tax-loss harvesting is particularly […]
ERC-20 is a standard for creating and deploying smart contracts on the Ethereum blockchain. ERC-20 tokens are digitized tokens that live on that blockchain and adhere to those standards. The Ethereum blockchain was built specifically for smart contracts, virtual agreements that can be programmed to execute automatically when certain conditions are met. This functionality allows […]
A source told the WSJ that Telegram would not be holding the expected ICO round to the broader public, as rumored earlier. The Wall Street Journal (WSJ) reported today, May 2, that Telegram’s plan to launch an Initial Coin Offering (ICO) has been scrapped. The fact that the messaging app had already raised enough money through its two private […]
Founded in 2013 by Pavel and Nikolai Durov, Telegram is a cloud-based encrypted messaging service with over 400 million users. Through its purported security and strict adherence to censorship resistance and privacy principles, the Telegram messenger app has become a popular choice for individuals seeking secure communication channels, much to the dismay of governments and […]
Binance Coin (BNB) is the utility token for Binance, one of the largest cryptocurrency exchanges by volume. Traders can use the token to pay fees on the platform, and developers can use it to power applications, like smart contracts, on the Binance Smart Chain (BSC). As one of the top five cryptocurrencies by market cap […]
There’s always a cost to doing business. And that includes mining cryptocurrencies like Bitcoin — a cost often expressed as a trading fee, a transaction fee, or a “mining fee.” As many Bitcoin enthusiasts know, one way to add to your holdings is to mine. Bitcoin mining is a validation process on a blockchain that rewards the […]
Cloud mining is a way to mine cryptocurrencies like Bitcoin and Ethereum without investing in expensive, energy-intensive computer hardware and software. This article will explain the need for Bitcoin cloud mining, how it differs from traditional mining, and more. We will explore the following: • What is Traditional Cryptocurrency Mining?• What is Bitcoin Cloud Mining?• Why Crypto Mining […]
To mine Bitcoin, a number of things are required. Miners need: • Mining hardware: Application Specific Integrated Circuits (ASICs) or Graphic Processing Units (GPUs) • Bitcoin mining software • A bitcoin mining pool • Electricity: Bitcoin mining typically consumes a large amount of energy • A place to set up a mining rig • In some cases, a way to cool down ASICs/GPUs […]
Introduction Cryptocurrency exchanges are the platform that is used to encourage trading in cryptocurrencies for assets such as fiat currencies. Just like stock exchanges empower the trading of stocks, crypto exchanges do the same. Many people are aware of stock exchanges and are comfortable participating in them. However, on the other hand, cryptocurrencies are in […]
A decentralized exchange (DEX) is a digital currency exchange that allows users to buy crypto through direct, peer-to-peer cryptocurrency transactions all over an online platform without an intermediary. It differs from a traditional centralized exchange, where a typical transaction involves a third-party entity (e.g. bank, trading platform, government institution, etc.) that takes custody of user […]
“Bitcoin halving” refers to an event that happens every four years when the block rewards for Bitcoin miners get cut in half. This reduces the supply of new bitcoins by 50%. The crypto halving process was built into the Bitcoin protocol to ensure that Bitcoin would be a good store of value by remaining a […]
Bitcoin mining pools provide a way for multiple parties to “pool” their efforts when mining Bitcoin. Over time, mining Bitcoin has become increasingly complex and resource-intensive. As such, pooling resources can make it easier and cheaper to become a Bitcoin miner. In a Bitcoin mining pool, many network participants combine their computing power into one […]
Explanation The mining hash rate is a crucial security metric. The more hashing (computing) power in the network, the greater it is security and overall resistance to attack. Although Bitcoin’s exact hashing power is unknown, it can be estimated from the number of blocks being mined and the current block difficulty. Notes Daily numbers (raw […]
As a decentralized digital currency, Bitcoin is valued primarily on supply and demand on the exchanges where it’s bought and sold. But other variables come into play, driving up the value of Bitcoin to new heights and then driving it down at times, too. What is the Value of 1 Bitcoin? Cryptocurrency Prices by Coinlib The […]
As of June 2022, about 2 million bitcoins (BTC) are left to be mined, meaning that there are nearly 19 million currently in existence. Bitcoin has recently gained popularity as an investment because of its unique design and underlying technology. Part of what gives Bitcoin value is that it has a limited supply. There will only ever be 21 […]
What Is Gas (Ethereum)? Gas is the fee required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform. Fees are priced in tiny fractions of the cryptocurrency ether (ETH)—denominations called gwei (10-9 ETH). Gas is used to pay validators for the resources needed to conduct transactions.1 The gas price is determined by supply, demand, and […]
While the best-known use of the blockchain is to store and transmit digital currencies, the blockchain also has many other uses. Among those uses are smart contracts, which use blockchain technology to automatically execute all or part of the agreements between two parties. Some users already use them to do business in the real estate […]
Crypto Terms The world of cryptocurrencies and blockchain networks is awash in terminology and jargon that can sometimes sound strange or confusing. Given that the language of crypto is evolving daily, it can be helpful to brush up on standard terms and definitions. A Airdrop When a company “drops” cryptocurrency into an investor’s wallet, usually […]
FUD stands for “Fear, Uncertainty, and Doubt.” FUD stands for “fear, uncertainty, and doubt” and refers to a general mindset of pessimism about a particular asset or market, manipulating investor or consumer emotions so that they succumb to FUD. While the term “fear, uncertainty, and doubt” has been in circulation for a century or so, […]
HODL is short for “hold on for dear life,” and it’s a popular term among crypto investors. Although it looks like a funny misspelling of the word “hold” — and some say that’s how it began — HODL is also related to the traditional buy-and-hold investment strategy as one way to cope with volatility. For newcomers […]
When a cryptocurrency community decides that they want or need to destroy units of a specific cryptocurrency, they use a process called coin burning. Burning crypto is the process that effectively takes those tokens out of circulation, reducing the total supply of that coin and, in some cases, increasing demand. A crypto coin burn is similar […]
DeFi, short for decentralized finance, is more than just a popular buzzword in cryptocurrency. It’s a concept that is disrupting the centralized financial services model, equalizing access and bringing more control to users across the globe. In this article, we will cover everything a consumer might want to know about DeFi, including: • What is […]
Comcast Xfinity customers report their accounts being hacked in widespread attacks that bypass two-factor authentication. These compromised accounts are then used to reset passwords for other services, such as the Coinbase and Gemini crypto exchanges. Starting on December 19th, many Xfinity email users began receiving notifications that their account information had been changed. However, when […]
Cold Storage at its best!
Ultra-secure Trezor and software wallet Exodus are top choices. We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. ZPenterprises does not give direct financial advice; we bring attention to relevant trends. Please do your research. Final Verdict With […]
What Is an Initial Coin Offering (ICO)? An initial coin offering (ICO) is the cryptocurrency industry’s equivalent of an initial public offering (IPO). A company seeking to raise money to create a new coin, app, or service can launch an ICO to raise funds. Interested investors can buy into an initial coin offering to receive a new cryptocurrency token issued […]
FinTech (financial technology) is a catch-all term. FinTech (financial technology) is a catch-all term referring to software, mobile applications, and other technologies created to improve and automate traditional forms of finance for businesses and consumers alike. FinTech can include everything from straightforward mobile payment apps to complex blockchain networks housing encrypted transactions. This guide will […]
What is a Crypto Hardware Wallet? Unlike software wallets, which are vulnerable to security holes and hackers, offline hardware wallets were developed so that you no longer have to trust software on your computer to hold your private keys. Hardware wallets store your private keys on a physical device with specialized firmware that prevents your […]
What Is a Mobile Wallet? A mobile wallet is a digital wallet that stores payment card information on a mobile device. Mobile wallets are a convenient way for a user to make in-store payments and can be used by merchants listed with the mobile wallet service provider. Understanding a Mobile Wallet The business-consumer relationship is becoming increasingly […]
What Is a Paper Wallet? A paper wallet is a piece of paper with your private and public keys printed out. Some paper wallets might also have a scannable barcode created by an app. It is a way to store and take access to your cryptocurrency offline. When you print your keys, they are removed from the […]
What Is a Private Key? A private key sometimes called a “Wallet Pass Phrase,” is a secret number or series of words used in cryptography, similar to a password. In cryptocurrency, private keys or Pass Phrases are also used to sign transactions and prove ownership of a blockchain address. A private key is an integral aspect of Bitcoin and Memecoin/Altcoins, and its […]
What Is a Digital Wallet? A digital wallet (or electronic wallet) is a financial transaction application that runs on mobile devices. It securely stores your payment information and passwords. These applications allow you to pay when you’re shopping using your device, so you don’t need to carry your cards around. You enter and store your credit card, […]
Metadata is “data that provides information about other data,” but not the content of the data, such as the text of a message or the image itself. There are many distinct types of metadata, including: Metadata is not strictly bound to one of these categories, as it can describe a piece of data in many other ways. Metadata […]
What Is the Consumer Price Index (CPI)? The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and […]
Digital banking (online and mobile banking) makes managing finances easy. With digital banking technology, you can pay bills, deposit checks and transfer money from wherever you’re located. Due mainly to their convenience, online and mobile banking are the two most popular ways to bank. More than three-quarters of Americans (78%) prefer to bank digitally. But […]
Cryptography studies secure communications techniques that allow only the sender and intended recipient of a message to view its contents. The term is derived from the Greek word “kryptos”, which means hidden. It is closely associated with encryption, which is scrambling ordinary text into what’s known as ciphertext and then back again upon arrival. In addition, cryptography […]
In response to the FTX insolvency, the crypto markets have been in a risk-off mood, with asset prices falling precipitously for all crypto tokens, fungible and nonfungible. The aggregate market cap of all cryptocurrencies fell 23% to $786 billion from $1.02 trillion within four days. Nansen’s NFT-500 index indicates prices of nonfungible tokens (NFTs) on […]
Two months after the U.S. choked off China’s access to two of Nvidia’s high-end microchips, the American semiconductor design giant unveiled a substitute with a reduced processing speed for its second-largest market. The Nvidia A800 graphic processing unit is “another alternative product to the Nvidia A100 GPU for customers in China,” a spokesperson for Nvidia said in […]
What Is an Application-Specific Integrated Circuit (ASIC) Miner? An application-specific integrated circuit (ASIC) is an integrated circuit chip designed for a specific purpose. An ASIC miner is a computerized device that uses ASICs for the sole purpose of “mining” digital currency. Generally, each ASIC miner is constructed to mine a specific digital currency. So, a […]
What Is Litecoin (LTC) Mining? Litecoin (LTC) is a cryptocurrency created as a fork of Bitcoin in 2011. It uses a hashing algorithm called Scrypt that requires specifically designed mining software and hardware. It is minable and continues to rank in the top cryptocurrencies for value and trading volume. Litecoin mining is validating transactions in […]
What Is a Central Bank? A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group of countries. In modern economies, the central bank is usually responsible for formulating monetary policy and regulating member banks. Central banks are inherently non-market-based or […]
What Is Litecoin (LTC)? Litecoin (LTC) is a cryptocurrency created from a fork in the Bitcoin blockchain in 2011. It was initially designed to address the developer’s concerns that Bitcoin was becoming too centrally controlled and to make it more difficult for largescale mining firms to gain the upper hand in mining. While eventually unsuccessful in preventing […]
OVERVIEW Dogecoin can be mined similarly to Ether (ETH) and Bitcoin (BTC). Mining Dogecoin (DOGE) is the process of computers solving mathematical puzzles and adding blocks to the Dogecoin blockchain. A GPU (Graphics Processing Unit) or an ASIC mining machine is recommended to mine DOGE. Joining a mining pool is an easy way to start […]
What Is a Meme Coin? A meme coin is a cryptocurrency term for popular currencies, sometimes depicted with comical or animated “memes” supported by enthusiastic online traders and followers. But while meme coins may be fun, they are also hazardous investments and may hold little or no intrinsic value. DOGECoin, Shiba Inu, and other currencies that […]
DOGE was created as a lighthearted alternative to traditional cryptocurrencies, but it’s become precious. For most of its existence, Dogecoin was generally considered an amusing “meme coin” beloved by its community — but with relatively little value. That changed in 2021: as of April, Dogecoin became one of the ten biggest cryptocurrencies by market cap — with a […]
DOGECoin, the cryptocurrency branded after a viral dog meme from 2013, is up 35% since Monday as Elon Musk’s deal to buy Twitter approaches a close. The token price often moves in lockstep with comments made by the Tesla CEO. DOGE is up 10% in the last 24 hours after the SpaceX chief changed his […]
Mining ETCHASH with 3 and 4 MB and beyond GPU mining. WhatToMine.com today, as of this post 22OCT2022, said ETCHASH (ETC) is the most profitable for my setup today, so I decided to write an article for a “blow-by-blow” setup. Mind you, you should always check WhatToMine.com for their best bets for what to mine […]
The shake-up after the merge has undoubtedly changed the proof of work of crypto in mining. Not forever, but it has changed the landscape for sure. These pictures are new additions to my crypto family in the death throws while “scalping” GPUs dirt cheap. But the returns are not all that favorable. I don’t think […]
Technology major Google has teamed up with cryptocurrency exchange platform Coinbase as it looks to allow cryptocurrency payments for its cloud services. According to a press release, the two entities will leverage their strengths towards building the next iteration of the internet, dubbed Web3. Web3 is the vision for the world wide web, where the […]
Is Paypal becoming the internet’s “Thought Police?” Next time you’re clicking through one of those impossibly long and impenetrable legal disclaimers to a company’s terms of service, it may be time to look closer. A new policy in PayPal’s fine print triggered a storm of outrage over apparent plans to impose, starting on Nov. 3, a […]
UBER’S FORMER CHIEF Security Officer (CSO), Joe Sullivan, was found guilty this week of actively hiding a data breach from the US Federal Trade Commission (FTC) and concealing a felony. The case has reverberated through the security and tech worlds because it is seemingly the first time an individual executive has faced criminal prosecution for charges […]
I know, I know… ETH / Ethereum mining is over. People are hemorrhaging and selling cards like crazy, like a liquidation market gone astray. I will capitalize on this and play the long game. The “Hail Marry” has to be at the end of the rainbow of Crypto Mining! This is the 3rd 3060 card […]
Thanks to AMD, in the summer of 2019, new PCI Express hardware arrived in our computers, promising graphics cards and solid-state drives faster than ever. The PCI Express 4.0 interface offers double the bandwidth of PCI Express 3.0 (PCIe 3), and it can do that for any expansion cards that connect to your motherboard. Now […]
PCI Express is a popular technology these days, and many are asking what it is, what it does, and why there’s so much fuss about graphics cards, solid-state drives, and motherboards that support PCI Express 4.0. In this article, we’re going to answer these questions. We will also try to shed some light on what […]
Crypto mining, PoW, or Proof of Work with ETH is over. Vitalik Buterin and ETH decided to go to proof of steak, er stake lol; not long ago were days of passive income with Ethereum (ETH). Well, I have solar on my roof now, and that silly white stuff called snow is coming. So I […]
Both the SEC and Ripple have filed motions for summary judgment, each asking the judge to rule in their favor without a trial. XRP, a cryptocurrency initially launched by the founders of crypto payments company Ripple, jumped 11% early Friday morning following an intense week of gains—and hope from investors that the SEC’s lawsuit against […]
One crypto intelligence firm revisits its selloff predictions from a month ago. Predictions that the Ethereum merge would be a “buy the rumor, sell the news” event have primarily played out in the wake of the much-anticipated update to the second-largest cryptocurrency by market cap. At least, that’s the post-merge conclusion of Glassnode, a crypto […]
Proof-of-stake is a method of maintaining integrity in a blockchain, ensuring users of a cryptocurrency can’t mint coins they didn’t earn. Proof-of-stake is a method of maintaining the integrity of a cryptocurrency, preventing users from printing extra coins they didn’t earn. While a different method, called proof-of-work, is currently used by Bitcoin and Dogecoin, for example. Proof-of-work and proof-of-stake […]
Now redundant, Ethereum miners are flocking to other proof-of-work tokens after the network switched to a proof-of-stake consensus mechanism and finding slim pickings. Ethereum miners find it increasingly hard to make money after the Merge as too many are switching to alternative coins, crushing mining profitability. Earlier Thursday, Ethereum, the world’s second-largest blockchain network, switched its consensus […]
Ripple is a money transfer network designed to serve the financial services industry’s needs. XRP is the native cryptocurrency that the Ripple network does, and it consistently lists among the top 10 cryptocurrencies by market capitalization. What Is Ripple? Ripple is the company behind XRP, and it’s a payment settlement system and currency exchange network that can process transactions […]
Emerging from the ashes of the financial wildfire that spread across the world in 2008, the seeds of a new digital financial ecosystem germinated from an email sent by Satoshi Nakamoto to a group of techies that November: “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. The paper […]
Even though Bitcoin only exists digitally, you’ve got to keep it somewhere, whether you’re hoping to use it to buy goods or services today or invest it for the long term. You’ll also need to begin using a Bitcoin wallet when you start buying Bitcoin. Luckily, crypto wallets generally work like physical billfolds—they keep up […]
Ever heard of rug pulls and pig butchering? Be more intelligent than the scammers and learn how common crypto scams work in detail. The US Federal Bureau of Investigation (FBI) estimates that, between January and March 2022, more than US$1.3 billion dollars in cryptocurrencies were stolen by cybercriminals. It is a significant amount, given that by […]
Where do we go from here after the ETH Merge? So, I put considerable effort and funds into GPU mining before “The Merge” was understood and how it impacted crypto mining with ETH. Did I get into mining Crypto too late into “the game?” Maybe, I don’t know. The “rules” of the game changed while […]
The crypto industry is getting excited for a big event known as “the Merge,” — which proponents say could boost prices in the long run and significantly change the future of cryptocurrency. The Merge is an upgrade to the Ethereum blockchain, the technology that fuels the second largest cryptocurrency and other technologies in the crypto ecosystem, […]
Learn what you need to know before you invest in a virtual currency What Is Cryptocurrency? A cryptocurrency is a digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they […]
Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the middle of 2021, after making a considerable investment in the cryptocurrency in 2021. The value of Bitcoin has since crashed. During an investor call, Tesla CEO Elon Musk emphasized that the sale was about “overall liquidity” and did […]
JPMorgan strategists may have just called Bitcoin’s bottom price. Others suggest there’s still more pain ahead. In a recent report by Decrypt, investment bank JPMorgan estimates that the production cost to mine one Bitcoin has dropped from $24,000 at the start of June to just $13,000. Bitcoin’s production cost estimates the average cost for mining one Bitcoin daily. This cost […]
To preserve its decentralized vision, the Monero team has instituted a hard fork and incidentally spawned four new iterations of the vaunted privacy coin. However, the move has been met with a good deal of skepticism and confusion by the market at large. Here, we’ll explain briefly why the fork occurred, what led to the new coins’ creation, […]
This weekend I got a Discord PM saying I won 4.14 ETH (Approx 5k USD). Obviously, I know it’s a scam, but I signed up for their wallet/exchange to see what’s up. I’ve smelled enough scams out, I felt this was one. Everyone wants to “win the lottery”, but this was just too good to […]
So I am expanding my curiosity, investment, and mining capabilities in building a new 2-level Crypto Mining Rig. The intention eventually will be to fill it with 16 AMD Radeon 6800 GPUs for crypto mining. I was attempting to build a “riser card” type of miner, and it didn’t work out so well. I am […]
Just a few random Raspberry Pi Crypto Mining photos
Bitcoin (BTC) is the first cryptocurrency, and it’s also the best-known of the more than 19,000 cryptocurrencies today. Financial media eagerly covers each new dramatic high and stomach-churning decline, making Bitcoin an inescapable part of the landscape. While the wild volatility might produce great headlines, it hardly makes Bitcoin the best choice for novice investors […]
We all know BUSD and USDT are stable coins. BUSD is issued by Paxos, while USDT is issued by Tether. However, what is the differences between these two stable coins… The main difference between BUSD and USDT is that BUSD is backed 1:1 with the US dollar held in reserve by Paxos, while USDT is […]
XYO, ETH, and BTC redeem price is determined by taking the highest of the current price, the average of the previous day’s worth, and the last 7-day average price. To redeem your digital assets, you must meet these requirements: Have a COIN account The account is two weeks old Mined at least 10,000.00 COIN Tokens […]
Isn’t it crazy how cryptocurrencies have only been around for about a decade, yet we have hundreds of cryptocurrency terminologies? Being a crypto-enthusiast, I know how difficult it can be to keep up with new terminologies. So maybe you have come across this term before, and you would like to understand it further. Come with […]
“Spend crypto, earn crypto.” The Coinbase card allows you to spend the crypto in your Coinbase account on everyday purchases and receive crypto rewards for doing so! LEARN MORE (at Coinbase’s secure site) The information regarding the Coinbase Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. Coinbase is easily the […]
I am very impressed with the configuration of Crontab jobs to take care of my system automation for my XMR / Monero farm. I wanted to move/relocate my server rack, which hosts most of my XMR / Monmero mining “rigs,” to another room for quiet and not overheated as the room was getting hot due […]
So I said I was going to keep you updated on my Crypto Currency mining, so here is the update. Now, that’s 21 miners, either Raspberry PI, a laptop, a desktop, or a virtual server with VMWare. But that’s 21 miners, quite sick if you ask me to have 21 machines working to mine Monero […]
Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its price target for the coin, which was trading at just above $29,600 on Thursday afternoon, at $38,000 according to Markets Insider. […]
To properly maintain your HiveOS environment, you might need to manage/delete one of your Hive OS farms. I created an initial “farm,” which was not working, but that is ok. I was learning. So for others out there, it’s not rocket science, but it’s not “clickity-clickity-click, delete”; you want to know what you are doing. […]
This is my first attempt at getting into GPU Crypto mining and an attempt at documenting me building out the chasse to house all of the components. I was really curious about getting into Cryptocurrency mining. I have no peers other than fellow mining enthusiasts in the game already teaching others about building rigs in […]
This is the update I have with switching to MoneroOcean.steam. This is a checkpoint, I have turned on special crontab jobs to ensure the miner is up, and a relaunch of the client if not up. I standardized a lot of my settings for all rigs. I modified a lot of the start-up to support […]
Current Rig Status: The “Down Time”that is reported is when I powered down my right I just built and am tweaking; to reconfigure and add a new rig setup and add an individual new card to it. So I have only been mining since “Sunday the 15th, 2022.”, so there is not much to show […]
DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant or a lawyer. I’m not a finance professional through formal education. I am just a hacker. I am unsure of my reboot scripts at this moment, or if the new XMR / Monero miner, MoneroOcean.stream’s new […]
So I decided to start a new “Crypto Mining” experiment for fun and to earn some passive income with my internet. I just upgraded to a faster service level with my provider, and I am experimenting with new Crypto Currency miners. While I build out my Ethereum rig, and I am finishing up on my […]
Blockchain is the innovative database technology at the heart of nearly all cryptocurrencies. By distributing identical copies of a database across an entire network, blockchain makes it very difficult to hack or cheat the system. While cryptocurrency is the most popular use for blockchain presently, the technology offers the potential to serve a very wide […]
So I have for months been using Supportxmr.com as a Monero (XMR) mining pool for about 16 Raspberry Pies and a handful of HP-DL380s with virtual machines running full blast mining some CPU based crypto. I examined the cost/benefit analysis regarding my electricity bill and how many hashes I was churning out. I was bored […]
Proof-of-work is the blockchain-based algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum. Proof-of-work is the algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum. Most digital currencies have a central entity or leader keeping track of every user and how much money they have. But there’s no such leader in charge of cryptocurrencies like […]
Cardano is an open-source, decentralized, proof-of-stake (PoS) blockchain platform designed to be a more efficient and environmentally sustainable alternative to proof-of-work (PoW) platforms like Ethereum and Bitcoin. The native token on the Cardano blockchain is Ada, named after Ada Lovelace, a 19th-century mathematician. (Cardano itself is named after Gerolamo Cardano, a 16th-century scientist and mathematician.) […]
What Is Fiat Money? Fiat money is a government-issued currency not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government rather than the worth of […]
What Are Blockchain Consensus Algorithms? A crypto consensus mechanism forms the foundation of any blockchain. In 2009, Satoshi Nakamoto invented Bitcoin’s proof-of-work consensus algorithm to secure the Bitcoin network. Since then, several alternative consensus algorithms have been proposed. The basic idea of achieving consensus on a blockchain is to create a way for everyone can […]
Supported OS: Debian, Ubuntu, and Raspbian. Does NOT seem to work on KALI. Install! Option 1: To install the MYST node type such commands into the terminal: It has been noted sometimes the add-apt-repository command is not found. Click here for a quick fix for that! Option 2: We also provide an installation script written […]
I am thrilled to present some of the images of my Raspberry Pi “Crypto Miner Rig Tower”! I ordered countless Raspberry Pi 4’s, some cooling fans, and some custom parts to create this cool-looking tower to start mining Crypto, specifically Monero/XMR. I have other projects I will post that I am doing with them, but […]
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card and grants access to members-only benefits; the first is access to THE BATHROOM, a collaborative graffiti board. The community can unlock future areas […]
Table of Contents: XMR Wallet Mining Considerations XMRig Install Instructions What Is Cryptocurrency Mining? Crypto mining is the process by which new cryptocurrency “blocks or entries”are created and “mined,” and here, XMR / Monero coins are entered into blockchain circulation; it is also the way that new transactions are confirmed by the network and a critical component […]
Satoshi Nakamoto, the inventor of the Bitcoin protocol, published a paper outlining it via the Cryptography Mailing List on Nov. 1, 2008. He then released the first version of the Bitcoin software client in 2009. He participated with others on the project via mailing lists until he finally began to fade from the community toward the end of 2010. […]
