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MiningWe The Potential Crypto Mining Leader in Worldwide Financial Market

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MININGWE Bitcoin Cloud Mining is currently a leader in the cloud mining industry. As part of Bitmain Technology LTD. behind the MININGWE project is able to share with clients very reasonably prices with a small maintenance fee. Many big funds companies say MININGWE Bitcoin Cloud Mining is the future of all platforms in the cloud mining industry.

MININGWE Bitcoin Cloud Mining Service provider enables anyone to participate in the crypto economy. We firmly believe cryptocurrencies are the foundation for innovation, capable of reshaping our understanding of what currencies are, and how they are stored and transferred between individuals and businesses.

Our goal is to contribute to the advancement of the mining space and enable anyone to access mining operations to generate Crypto, including a secure digital wallet with a variety of exciting functions. Currently, mining needs intensive investments and a high level of technical understanding of mining hardware deployment and maintenance. We’re changing this. With our cloud mining service, it only takes a few simple steps to start bitcoin mining.

And that with minimum investment, minimal risk, and no technical knowledge needed. MININGWE (Bitmain) expert tech team has decades of experience in developing and operating large scale data centers. As a result, they’ve been able to keep uptime at 99% since our launch. Our high standards of security guarantees the full safety of your investment.

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Crypto space can be complex and unpredictable. It’s directly linked with the Bitcoin exchange rate, technological and community risks, and mining difficulties. And of course this makes it difficult to determine what exact amount you will make mining.. But it is obvious that being part of a community building such an elegant piece of disruptive technology, bound to become more stable and robust, is very exciting.

Our company offers real incomes from 3% to 4% per day. The funds of our investors are reinvested by our team in the Financial Market, where we guarantee the payment to all investors with total security and responsibility, which are fundamental to our success over the years.

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With state-of-the-art technology and a fully responsive website, you can access MININGWE by Computer, Tablet and Mobile from anywhere in the world. MININGWE offers an excellent Referral Commission and Multi-Level Marketing System, which pays commissions of levels (15%).

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Source: https://miningwe.com/

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Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency

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China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. Paul Schulte, who worked as global head of financial strategy for China Construction Bank until 2012, says the largest bank in the world, the Industrial and Commercial Bank of China, the second largest bank in the world, his former employer, the Bank of China, the Agricultural Bank of China; two of China’s largest financial technology companies, Alibaba and Tencent; and Union Pay, an association of Chinese banks, will receive the cryptocurrency.

A separate source, who’s involved in the development of the cryptocurrency, dubbed DC/EP (Digital Currency/Electronic Payments), confirmed that the seven institutions would be receiving the new asset when it launches, adding that an eighth institution could also be among the first tier of recipients. The source declined to provide the name of the additional company. Speaking under terms of anonymity, the source, who previously worked for the Chinese government, confirmed that the technology behind the cryptocurrency has been ready since last year and that the cryptocurrency could launch as soon as November 11, China’s busiest shopping day, known as Singles Day.

At the time of launch, the recipient institutions will then be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency, according to the source. The source added that the central bank hopes the currency will eventually be made available to spenders in the United States and elsewhere through relationships with correspondent banks in the West. “That’s the plan, but that won’t happen right away,” the source said.

The plan to use a diverse set of China’s trusted intuitions to disperse the cryptocurrency is reminiscent of a number of other ideas currently percolating around the world. For instance, Facebook’s planned libra cryptocurrency will be backed by a basket of currencies issued by central banks with support from companies like Mastercard and Uber in the United States, Vodaphone in England and Mercado Pago in Argentina. And last week, Bank of England governor Mark Carney floated the idea of a new currency backed by a number of central banks to replace the U.S. dollar as the global reserve currency.

What sets China’s DC/EP apart from libra and Carney’s “synthetic hegemonic currency” (SHC), according to Shulte, is that while libra is little more than early-stage computer code and the SHC doesn’t appear to have gone much further than Carney’s mind, the Chinese cryptocurrency is ready to launch. “China is barreling forward on reforms and rolling out the cryptocurrency,” says Schulte, who now runs an eponymous bank research firm. “It will be the first central bank to do so.”

At the time of publication, neither the People’s Bank of China nor any of the seven institutions mentioned by Schulte had responded to Forbes requests to confirm or deny his claim. However, the two-tiered strategy, where the central bank creates the currency and others distribute it, aligns with previously unreported statements made by Mu Changchun, deputy director of the Paying Division of the People’s Bank of China (PBOC) and the new head of China’s cryptocurrency research lab. In a speech on August 10 at the China Finance 40 Forum, since revised and posted on the PBOC’s WeChat channel, Mu described the central bank’s “two-tiered” system, wherein the bank would create the cryptocurrency and a small group of trusted commercial businesses would “pay the central bank 100% in full” to be allowed to distribute it.

In addition to preventing regional banks and other organizations from being disintermediated, Mu said the two-tiered system is designed to “curb” public demand for other cryptographic assets, consolidate China’s national currency sovereignty, ensure that the central bank maintains control over monetary policy affecting the currency, increase the likelihood of people using the currency, distribute the risk of having all the authority directly in the hands of the central bank and encourage competition between the organizations that receive the cryptocurrency.

“This dual delivery system is suitable for our national conditions,” said Mu. “It can not only use existing resources to mobilize the enthusiasm of commercial banks but also smoothly improve the acceptance of the digital currency.”

The composition of the organizations Schulte says will receive the DC/EP also aligns with Mu’s comments. Later in his speech, Mu added that only after the technical specifications for the DC/EP were completed in 2018 did the central bank realize the similarity between its design and that of libra, the cryptocurrency being developed by Facebook and about 30 other early-stage partners.

One key difference, according to Mu, is that while libra is being designed to handle 1,000 transactions per second, the DC/EP was designed to handle 300,000 transactions per second. For context, Mu added that during last year’s Singles Day the peak volume of all transactions in China was 92,771 transactions per second, dwarfing what the other platforms could support, but well within the DC/EP specifications. “At present, we belong to a state of horse racing,” Mu said according to the translation.

How Blockchain Went From Bitcoin To Big Business| 37:20

The DC/EP can achieve this kind of volume only because it is not a “pure blockchain architecture,” according to Mu, and therefore it doesn’t need to wait for groups of transactions to settle in a block. Like other permissioned blockchains that not anyone can use, the DC/EP is centrally managed, in this case by the central bank, meaning the digital currency remains a liability of the bank and the debtor/creditor relationship is unchanged, according to Mu. Also, instead of using an algorithm to limit supply, like bitcoin, Mu says the PBoC itself will control supply. Crucially, Mu says, the DC/EP is being designed to replace the physical notes and coins in circulation, not the renminbi sitting in bank accounts in a digital form.

“The central bank’s digital currency can be circulated as easily as cash,” said Mu. “Which is conducive to the circulation and internationalization of the renminbi.”

Whether anyone outside China would actually use a digital renminbi for transactions in their own country is unclear. As the Bank of England governor’s comments about replacing the U.S. dollar indicate, much of the world is tired of having their financial stability tied to the United States’ monetary system. But China may not be the best alternative. Earlier this month, as part of the escalating trade war between the United States and China, U.S. President Trump accused China of being a “currency manipulator.” After China’s renminbi fell to its lowest in 11 years, hitting 6.9225 renminbi per dollar on August 5, according to a Financial Times report, it has recovered significantly, trading at 7.15 renminbi per dollar today. While China has denied the charge and called the U.S. “protectionist” in a press statement, the perception of manipulation could be harmful to broader adoption of a digital currency linked to the renminbi.

In December 2017, another country accused of devaluing its currency, Venezuela, revealed plans for its own cryptocurrency, backed by oil and called the petro. After much hullabaloo, the currency somewhat officially launched in 2018, but it isn’t available on most international exchanges because of a U.S. embargo and has been almost impossible to accurately value. Another obstacle to adoption could be uncertainty about the benefits of a technology that’s intended to replace fiat currency but is still under centralized control. While it’s obvious that any central bank wishing to more closely observe how citizens are using a cryptocurrency would prefer a transparent ledger like the bitcoin blockchain, which makes transactions easily traceable, most of the benefits to users of current blockchains, such as instant settlement and digital transactions without the need of a middleman, could be undermined by central control.

One person who’s not concerned about the obstacles to adoption of China’s cryptocurrency is Charles Liu, chairman of HAO International, a private equity firm investing over $700 million in Chinese growth companies. After largely focusing on solar, organic fertilizer, and wastewater treatment technologies since 2012, Liu says he is an angel investor in “the first blockchain company to be able to sign an official contract with the People’s Bank” of China.

Liu declined to reveal the name of the firm or its technology but lent support to Mu’s comments about the potential benefits to businesses using China’s cryptocurrency. In addition to being a more efficient way to track money laundering, bribery and other transactions, Liu says, the cryptocurrency will give banks increased confidence in the creditworthiness of borrowers, let merchants receive payments instantly and lower transaction fees. While Liu says that banks in the United States have been resistant to such improvements that eat away at their bottom line, he adds that China doesn’t have that problem, because the government owns the banks.

“What will facilitate commercial transactions and enhance efficiency, the central government decides and they go ahead and do it,” says Liu, adding that “China’s strategic plan is to integrate more closely with the rest of the world. Cryptocurrency is just one of the means to have a more internationalized renminbi. It’s all strategic. It’s all long term.”

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I report on how blockchain and cryptocurrencies are being adopted by enterprises and the broader business community. My coverage includes the use of cryptocurrencies such as Bitcoin, Ethereum and Ripple, and extends to non-cryptocurrency applications of blockchain in finance, supply chain management, digital identity and a number of other use cases. Previously, I was a staff reporter at blockchain news site, CoinDesk, where I covered the increasing willingness of enterprises to explore how blockchain could make their work more efficient and in some cases, unnecessary. I have been covering blockchain since 2011, been published in the New Yorker, and been nationally syndicated by American City Business Journals. My work has been published in Blockchain in Financial Markets and Beyond by Risk Books and I am regularly cited in industry research reports. Since 2009 I’ve run Literary Manhattan, a 501 (c) (3) non-profit organization dedicated to showing Manhattan’s rich literary heritage.

Source: https://www.forbes.com

China’s central bank is reportedly on the verge of launching a national digital currency. Investigative Journalist Ben Swann joins Scottie Nell Hughes to discuss the implications. He argues that at some point every country will have its own digital currency. And that there’s “nothing attractive” about such currencies as they’re no better than traditional government-backed fiat currency. #NVHughes #QuestionMore #RTAmerica Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America

MegaMining The Next Generation To Home Crypto Business

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Mega Mining is an industry leading Bitcoin mining pool. All of the mining power is backed up by physical miners. Mining with the latest algorithms allows to make as much Bitcoin as possible. We aim to provide you with the easiest possible way to make money without having to do any of the hard stuff. With data centers around the globe, we aim to keep bills down and mining power high, meaning you can make more in a shorter amount of time than what it would take to mine from your home for instance. Our data centers are located in USA, Europe and China with dedicated Up-Links and 99% uptime!

We at Mega Mining aims to be the world’s leader in cloud mining by utilizing the most dynamic Mining Pools and focusing on the best paying cryptocurrencies. We believe that Cryptocurrencies are the future of financial system, which will transform the global payment system by providing faster, and safer transaction. Therefore we have set up Crypto Mining Facilities, which is the essential infrastructure for cryptocurrencies to function seamlessly.

You can also Upgrade Mega Mining to increase affiliate rate up to 100%.

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We are a group of experienced professionals in software development, industrial designing, server engineering, and data analysis with a passion for excellence that believes in the power of the team, integrity, and leadership.

Source: http://www.megamining.website

 

 

 

OWNBTC Cloud Mining

OWNBTC is a Cloud Mining Company. OWNBTC offers a unique opportunity in the cryptocurrency world by providing Shared Managed Mining Farms. The uniqueness of OWNBTC is that we lowered the cost of the individual miners and reduced the additional time-consuming efforts such as purchasing hardware, maintenance of equipment, utility bills and storage.

Individual miners can participate and earn a great passive income in crypto mining by only joining our crypto-mining programs at OWNBTC. We at OWNBTC aims to be the world’s leader in cloud mining by utilizing the most dynamic Mining Pools and focusing on the best paying cryptocurrencies.

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OWNBTC believe that Cryptocurrencies are the future of financial system, which will transform the global payment system by providing faster, and safer transaction. Therefore we have set up Crypto Mining Facilities, which is the essential infrastructure for cryptocurrencies to function seamlessly. Watch the demo below to see how it works:

OWNBTC is a group of experienced professionals in software development, industrial designing, server engineering, and data analysis with a passion for excellence that believes in the power of the team, integrity, and leadership.

Source: http://ownbtc.co/

This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos

https://www.pivot.one/share/post/5d22c450595ce748ab44b02e?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Guide To Different Methods Of Cryptocurrency Mining | UseTheBitcoin

For years, mining cryptocurrencies has proven to be a fairly successful business venture, even with the large number of people who currently engage in some form of the mining activity. Many of them made a fortune, but experts and experienced miners warn us that those times are behind us, especially when it comes to the well-known crypto coins such as Bitcoin, Bitcoin Cash, Ethereum, etc.

In this guide, we will discuss the main aspects you need to keep in mind when deciding whether mining crypto coins should be your next business venture. We shall also go through the required steps and explore a couple of cool, mining-related facts.

What is Cryptocurrency Mining?

Unlike traditional, fiat currencies, most cryptocurrencies are not issued nor controlled by a central authority. Furthermore, there are no middleman checking and approving/rejecting crypto transactions.

By contrast, transactions are performed directly between two parties, the sender and receiver, on a blockchain-powered network. If you want to send your friend 1 Bitcoin, for example, all you need is her Bitcoin address, a Bitcoin wallet where your bitcoins are stored, and an internet connection.

As soon as you initiate the transfer, it will be registered on the bitcoin network. Before your friend can receive 1 Bitcoin, nodes on the network that run it need to verify your transaction.

After three verifications, your friend will be able to use Bitcoin that you sent her.

This process is known as crypto mining.

Is Mining Digital Currencies Still Worth It?

“Why would I want to participate in mining cryptocurrencies?” you might ask. If you opt to mine Bitcoin, and you are the first one to verify a block of data (block = bundle of transactions on the network), you will be rewarded with 12.5 bitcoins. As of the mid-May, 2019, that amounts to around $91,500.

Isn’t this amount more than worth it? The answer to this question is complex because there are numerous factors that play a role in determining the profitability of mining.

If you plan to mine as a hobby without investing in expensive hardware equipment or renting high-powered cloud mining services, then it could be a fun experience but with little to no profitability.

To put things better into perspective, you will need to consider the type of mining protocol your desired currency is using and type of mining machine to utilize. Not every currency can be mined with a specific type of mining machine.

Mining Machines

There are three main sorts of mining machines – CPU, GPU, and ASIC. We have sorted them according to their availability and price.

CPU Mining

CPU (Central Processing Unit) is basically a regular, home computer designed for ordinary use. Because of its weak processing power (compared to other machines we will discuss in this section), it is possible to successfully mine with it less known or new crypto coins where competition is not stiff.

If you wish to use this type of machine, check first whether the desired cryptocurrency uses CryptoNight or Scrypt mining algorithm. If it doesn’t, you are not going to be able to mine it.

Some of the top cryptocurrencies using these algorithms include Monero, Dogecoin, and Litecoin. Note, however, that you need to buy a serious CPU computer if you want to earn some profits when it comes to these currencies.

The thing is, you are competing against hundreds of thousands of other miners, most of which use exceptionally equipped machines, so you need to follow suit.

GPU Mining

Another way to join the mining business is to get a GPU-based mining machine. As you can probably guess, just like with the gaming, the best GPU options here are Nvidia and AMD Radeon cards.

So what can you mine with GPU? A lot of currencies that can be mined with CPU can also be mined with GPU. More precisely, you will earn more if you utilize the latter. But first, you need to ensure that cryptos you consider to mine use Scrypt, X11, or Dagger algorithm, among others.

Some of the most popular currencies you can mine with these devices are Ethereum and Ethereum Classic, both being among the top 20 cryptos.

ASIC Mining

In the beginning, you were able to mine Bitcoin with regular, CPU computer. It didn’t take long before Bitcoin community decided to switch to GPU, and then to special machines built for mining only (unlike GPUs that could be still utilized for gaming, for example).

Nowadays, if you want to mine Bitcoin, you will need to invest at least around $1,000 into buying the latest mining machine called ASIC (Application-Specific Integrated Circuit). Note, however, that even in this case, you cannot expect significant profits unless you join a mining pool.

Antminer S17 Pro-53 TH/s by Bitmain, currently one of the best ASIC miners in the world. It costs $2,030. Image Source: Bitmain

Simply said, a mining pool is a place where miners from all over the world join forces (mining machines) in order to stand a better chance at mining the next Bitcoin block, for example. If they are successful, they will split rewards in accordance with the contributed hash power (essentially, the mining power of a mining machine).

In any case, the most popular use of ASIC is, unsurprisingly, SHA-256 algorithm that BItcoin and Bitcoin Cash are based on.

How Profitable is Cryptocurrency Mining Nowadays?

We will be honest here — significant profit only appears when a significant amount of money is invested in the business. Research has shown that an investment of roughly $5,000 in hardware equipment is required to break even and earn a daily profit.

Yet, as we already outlined, this alone isn’t guaranteed to help you earn a lot, since other factors apart from the competition, like electricity cost, hardware efficiency and quality, and taxes play an important role in determining the potential ROI.

Therefore, it is important to create reasonable expectations regarding what you want to do with your mining gig. Everyone has heard stories of Bitcoin miners becoming millionaires, but those people made the right investments at the right time.

Long gone are the days when Bitcoin was worth less than $100 and when the mining difficulty allowed earning more than 1 BTC on a daily basis.

Just like trading or holding digital currencies, mining is a venture that’s prone to volatility, expressed in the shifting value of coins, hardware equipment, and electricity. For many, taking the capital and investing it in trading or holding digital currencies is a much safer bet.

Choosing Your Mining Method

At this time, there are two most popular methods of mining cryptocurrencies.

Cloud Mining

This is certainly the easiest way to get started, granted that the process entails users to set-up an account with a cloud mining company in order to rent mining hardware. In exchange for the firm’s processing power, you’ll be paying for equipment maintenance, electricity, and a commission, yet all of the coins that have been mined using your portion of the hash power belong to you.

Cloud mining companies usually offer mining packages with a set amount of hash power, so look through the offers to figure out what you can afford.

This method is appreciated in the industry because it is not time-consuming, does not require users to be tech-savvy, and offers added flexibility bonuses. You’ll find that there are numerous cloud mining firms, so make sure to do your due diligence to learn as much as possible about each of them, their services, commissions, and terms.

We should warn you, however, that cloud mining could be tricky business. You need to be careful when picking a company and study its terms and condition, especially the part explaining funds withdrawal policy.

Note that there were incidents in the past when companies refused to pay their users when Bitcoin’s price suddenly collapsed. Therefore, you need to be aware of the general crypto market as well, and closely follow social media channels and posts by your chosen company.

Hardware Mining

Hardware mining means that you have purchased and maintain your own mining hardware at home. It’s for people who are rather tech-savvy or have access to cheap electricity.

Before anything else, it is important to mention that the investment needed to break even and earn a profit is significantly higher for hardware mining when compared to cloud mining. The time investment is also bound to be bigger, so keep this in mind. You also need access to cheap, reliable electricity, otherwise, the costs could skyrocket.

If you decide to go through with hardware mining and mine a crypto coin with clogged mining network, you will need to purchase an ASIC miner that we mentioned above, or at least a solid GPU device.

At this time, the market is filled with offers from different companies, so make sure you study each option carefully before buying any machines. ASICs, for example, are pretty much expensive, so you want to be sure you’ve made the right choice.

When carrying out your research, keep in mind the hash power you’ll be mining with, and use mining profitability calculators to get a better idea of your expected profits. Depending on your country of residence and electricity costs, with one ASIC miner, you could earn between $10-$30 daily should you opt for mining Bitcoin.

Once your machine has been ordered and set up, you’ll need to download the blockchain associated with the coin you’re mining and install the required software.

Just like with the cloud mining, you have the option of either mining for yourself or joining a mining pool. Solo mining is only bound to be profitable if your machine is powerful enough to mine blocks on its own (which is, as we already noted, quite a difficult feat for the well-known cryptocurrencies).

This is the primary reason why so many hardware miners eventually decide to join a pool to increase their ROI.

Transaction Fee Mining

We should mention another, less popular way of mining cryptocurrencies, which does not involve mining machines nor cloud leasing. In fact, it does not involve anything on your side.

Well established crypto exchanges take a small fee when you buy or sell cryptocurrencies on their platforms. This is how they make money. However, some exchanges will reimburse these fees by offering you their own tokens as a reward and invitation to continue doing your business on their services.

This practice is considered dubious, to say the least, and could even land you in hot water in some countries. Our advice is to stay away from such places, especially if you are not an experienced trader or miner.

Cryptocurrency Mining Conclusion

Based on everything that has been outlined so far, it is safe to say that mining cryptocurrencies could still be a great way to earn some profit if you can overcome the initial high costs.

Getting involved in this industry represents a great service to the market of whichever coin you’re mining, granted that mining is essential for verifying and bundling up transactions in blocks, but also for minting new coins.

Lastly, a higher number of miners results in larger decentralization, which is an essential feature of modern cryptocurrencies.

That said, not only will you potentially earn a passive income, but you would also contribute to the overall cryptocurrency ecosystem.

Many thanks for the good people at SaaSicorn for helping with this post.
Image Source: Avesta.io

Source: Guide To Different Methods Of Cryptocurrency Mining | UseTheBitcoin

PeruCoin The ICO That Change The Peru Country Crypto Services Via Bits2u & Make Brilliant Crypto Investments

Perucoin is a project initiated by the company Bits2u, which aims to expand knowledge about cryptocurrencies in Peru. Concrete Objective Bitcoins will be mined in the mining farm and with 30% of the collected revenue will be used to purchase the PeruCoin that are available in the market every month.

Encourage the public to invest in cryptocurrencies. Create one of the most big mining farms in Peru Teach based on guided visits to the mining farm how the mining machines work. PeruCoin’s main objective in the short term is to complete the first phase of our Roadmap which includes the purchasing and acquisition of the factory which will later be converted into a mining farm.

In addition, we aim to enhance and foster the widespread adoption of cryptocurrencies among the Peruvians. Through the Mining farm, we also aim to become the state-of-the-art generation crypto-mining platform leveraging the potentials ofBlockchain technology.

Partnerships with other platforms that accept PeruCoin as a means of payment, such as Opolo, Lkcoin, Converse with physical businesses to accept PeruCoin or Bitcoins.

We intend to bring great financial returns for our investors, PERU token holders, and participating merchants while also delivering amazing value propositions to the Peruvians community.

PeruCoin’s vision is to promote the knowledge about cryptocurrencies to the Peruvian population through guided visits to a factory where they can appreciate the technicalities and operations of the mining machines in action and through conferences.

We plan to achieve this by educating and increasing the awareness of the general Peruvian population on the benefits and safety of blockchain technology and adopting digital currencies. Ideally, we envisage driving the development of a new financial ecosystem in Peru grounded in the interactions between educating the populace and interactions of blockchain technology and assets management

PeruCoin’s vision is to promote the knowledge about cryptocurrencies to the Peruvian population through guided visits to a factory where they can appreciate the technicalities and operations of the mining machines in action and through conferences.

We plan to achieve this by educating and increasing the awareness ofthe general Peruvian population on the benefits and safety of blockchain technology and adopting digital currencies. Ideally, we envisage driving the development of a new financial ecosystem in Peru grounded in the interactions between educating the populace and interactions of blockchain technologyand assets management.

Want to join our community and invest for your future?? We are pleasure to meet your needs respectfully

 

Bits2u

 

Source: Bits2u | Free Bitcoins Every day

ICO-Funded Decentralized Crypto Exchange Caught Plagiarizing Whitepaper

Some on Bitcointalk have concluded that decentralized crypto exchange Localcoin is a scam because they’ve conclusively found that their whitepaper was plagiarized. This hasn’t stopped projects in the past. In a post last month, user ICOEthics raised the alarm and published his findings.

EVERYONE POINTS THE FINGER AT EACH OTHER

A Localcoin representative responded that the company had outsourced their whitepaper. The intent was to explain the derivation of the plagiarism, but it opened a new can of worms. The contractor says that the original whitepaper materials were furnished to them by Localcoin – meaning that Localcoin did the plagiarism.

In a follow-up post, the Localcoin representative posted screenshots of his latest conversation with the apparent author of the whitepaper.

An allegation emerges that Localcoin owes some marketers around $15-17,000.

CCN attempted to contact the apparent whitepaper author, Dexter, but while he read our request for comment, he chose not to respond.

Localcoin's apparent whitepaper author didn't feel like commenting.

Localcoin’s apparent whitepaper author didn’t feel like commenting. Source: Telegram

The questions raised throughout the thread go much deeper than simple plagiarism though. We have to wonder why this project is worth anything if the majority of it is outsourced. Localcoin is an apparent fork of Bitshares and a reboot of a previous attempt at Localcoin.

We’re going to leave out judgement on who was plagiarizing who, or what the real story is here. We reach the same conclusion as one poster on the topic:

“So, we do point the finger to the plagiarized whitepaper owners. We opened this thread so you can discuss and provide evidence to your public and investors and try to convince them that it is not “your fault” and you are “not responsible” for that plagiarized whitepaper. If you wrote or someone else wrote the whitepaper for you, in the end, your company/project is the only one responsible for everything.”

REAL DECENTRALIZED EXCHANGES ARE NEEDED MORE THAN EVER

What’s really at issue with the Localcoin fiasco is the desperate need for reliable decentralized exchanges, and the fact that it is apparently not going to be one. There is some speculation, based on the following screen capture, that the entire project may actually be just one guy.

It's possible that the project is just one person who outsourced everything.

Is Localcoin really operated by just one guy, Fluke Hawkins, who outsourced everything? Source: Bitcointalk

The Binance hack demonstrates more than ever that decentralized exchanges are a necessary evolution, even if some very smart people feel that it won’t be enough. Decentralized exchanges at least take the stupid out of it. For hacks of similar size to happen, numerous participants will have to be doing it wrong.

But decentralized exchanges will need to be easy. They will need to be secure at the user level, and operated on secure devices.

The Localcoin solution might almost be there. It offers much more than just trading. Here’s what the application looks like:

The ambitious project could have changed the way people trade. If only it could be trusted.

The ambitious project could have changed the way people trade. If only it could be trusted. Source: Localcoin App

YOU COULD HAVE BEEN A LEGEND, BUT YOU BECAME A FAILURE

Unfortunately, as you can see, the order books are largely empty. Interest in the project has declined and increasingly, chatter around it falls strictly into two categories: discussion about the nature of the promoters, and the promoters themselves.

The Localcoin token plays some kind of role in token launches on the Localcoin platform.

A bad seed doesn’t grow good fruit. If you can’t trust that the code, the ideas expressed in the whitepaper, and so on, are original, is there anything about the project you can trust?

The timing couldn’t be worse for an upstart decentralized exchange. The industry desperately wants a serious competitor to the centralized monsters.

Source: ICO-Funded Decentralized Crypto Exchange Caught Plagiarizing Whitepaper

The Technology That Brings BitBase To Its Booming Grade of Mining In United Kingdom

Image result for bitbase

The Internet of Things, robotics and plasma are transforming mining into a safer and more productive industry. BitBase Mining-technology.com picks ten technologies with the potential to transform mining.

Mining is painstaking, expensive, and only sporadically rewarding. Nonetheless, mining has a magnetic draw for many investors interested in cryptocurrency. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?

In addition to lining the pockets of BitBase miners, mining serves a second and vital purpose: It is the only way to release new cryptocurrency into circulation. In other words, BitBase miners are basically “minting” currency. For example, in February of 2019, there were a little over 17.5 million Bitcoin in circulation. Aside from the coins minted via the genesis block (the very first block created by Bitcoin founder Satoshi Nakamoto himself), every single one of those Bitcoin came into being because of miners. In the absence of miners, Bitcoin would still exist and be usable, but there would never be any additional Bitcoin.

Aside from the short-term Bitcoin payoff, being a BitBase miner can give you “voting” power when changes are proposed in the Bitcoin protocol. In other words, a successful miner has an influence on the decision-making process on such matters.

BitBase does cloud mining through its mining farms with advance technology and hashing algorithms and also allows free mining with the earning rate of 0.00000100BTC/min. There are premium plans for faster and better mining. Starting with BitBase requires a bitcoin address where we can send your earned btc. By adding your BTC address in the start mining box & you automatically start mining with free GHS.Withdrawing is easy just you need to have 0.00500000BTC to qualify. Yes, there is maintenance fee for only free miners all premium miners can withdraw anytime.

As name suggest maintenance fee is used to maintain the Data centers, Hash Ring, machines as well as improvements in support and security. It’s only applicable to free miners and does not deduct from mined BTC. Minimum withdrawals threshold is 0.005btc for every users joining as a free miners. Premium users can withdraw any amount.

Alternately, you can always leverage the “pickaxe strategy.” This is based on the old saw that during the 1849 California gold rush, the smart investment was not to pan for gold, but rather to make the pickaxes used for mining at BitBase..

Source: The Technology That Brings BitBase To Its Booming Grade of Mining In United Kingdom

Crypto gift card platform Bitrefill has just added support for Airbnb

Crypto gift card platform Bitrefill has just added support for Airbnb. When users pay in Bitcoin, Ethereum, Litecoin, Dash or Dogecoin, they can buy a gift card for the online home rental giant.The vouchers are paid in denominations of $25, $50 and $100.

https://www.pivot.one/share/post/5c9cd41d016de72efd15bf53?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

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