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Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Have you heard of PI Network? It’s currently free because it’s not trading yet

From what I’ve learned after making an account Pi Network is the first and only crypto currency mineable from mobile. Because of the way the mining works it doesn’t drain your battery/slow your phone. It’s a communication based mining rather than a computational problem solving based mining(that’s how I understood it at least). It’s currently free to mine but is expected to be released into the market for trading and mining cut off within the next year.
The only thing is you need an invite at this stage to create a wallet/account. It seems like a pretty cool idea and I would like to know what anyone thinks about this/it’s future. Also if you’re interested in trying it you can use my invite code to get an account: corourke
I’m not sure if it will actually be worth much when it’s released for trading but at this point it seems like it’s free money just for being part of the beta version of the app. Worst case scenario it doesn’t do anything and I just delete the app lol. People are expecting it to start on the market around the price of doge coin and maybe get up to the level of something like litecoin. It would be amazing if it gets to the value of bitcoin but I’m not sure if that will happen
Invite code Incase you missed it in the post: corourke
submitted by BigDaddySwagLord to passive_income [link] [comments]

What is the best cryptocurrency to invest in right now?

What is the best cryptocurrency to invest in right now?

Traders worry every day about which cryptocurrency to invest in. The crypto market, however, is still difficult to predict. There is no simple answer as to which coins will win the race in 2020.
The guarantee: Bitcoin
Bitcoin will always be a good investment. Satoshi Nakamoto’s invention continues to lead in terms of market capitalization and trade volume. Almost every crypto exchange can trade Bitcoin and it is the cryptocurrency that is used the most.
If you can or just want to invest in a single cryptocurrency, Bitcoin is always a good choice. The first true peer-to-peer currency is still the number 1 cryptocurrencies. So far, there is no indication that Bitcoin will be thrown from the throne in the foreseeable future.
The next Bitcoin Halving will also take place in 2020. This means that fewer coins are distributed during mining. The available amount grows more slowly, so that every single coin becomes more valuable as soon as the demand increases. Many investors expect price increases after halving.
It is not guaranteed that Bitcoin will experience the biggest growth in 2020. But it’s the most stable cryptocurrency to invest so far.
Advantages:
– Strongest market dominance, largest trading volume
– The most widely used cryptocurrency worldwide
– Secure facility
Bitcoin alternatives
Bitcoin clones could also be a safe investment: cryptocurrencies such as Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC) or Bitcoin SV (BSV). These cryptocurrencies are mostly faster and more technically advanced than Bitcoin, but will not be able to break its market dominance in the foreseeable future.
They have the same purpose: digital means of payment for the Internet. Your prices often move parallel to the Bitcoin price, but can also rise or fall with a time delay. Some of them have the potential to grow faster than their template, but it is not guaranteed.
– Good alternative to diversification
– Potential for big price gains
Binance Coin (BNB)
The Binance Coin (BNB) is the cryptocurrency of the largest exchange in the world: Binance. The Exchange has expanded considerably in recent years and plans to continue doing so in 2020. An investment in the Binance Coin is equivalent to an investment in the Exchange.
The Binance Coin can be used to trade on the cryptocurrency exchange. If you buy cryptocurrencies with her, you get discounts on your purchases. Binance coins therefore have a benefit for every trader. Binance will soon start a decentralized exchange called Binance DEX, on which in turn the in-house cryptocurrency can be used as a means of payment.
That makes the Binance Coin extremely liquid. Shortly after the start of the cryptocurrency, it was able to get a permanent place in the top 10 largest cryptocurrencies on CoinMarketCap. In 2019, the BNB price tripled.
– Extremely liquid cryptocurrency
– Currency on the largest exchange: Binance
– Could already gain good prices
Tron (TRX)
Tron is a blockchain platform from Justin Sun, an important figure in the crypto scene. An independent ecosystem for the entertainment industry is to be created on the platform. Every user should be able to upload their own videos, pictures, music, texts etc. without being dependent on companies like YouTube.
Basically, it’s a smart contract platform, similar to Ethereum (which is also a good investment). Users can upload data, make it available to other users and write their own smart contracts.
Tron now attracts a large number of investors. There is a lot of potential in the project. In 2017, Tron’s price rose from EUR 0.0018 to EUR 0.045. In 2018 and 2019, the cryptocurrency gained more and more ground in the crypto world and is now among the top 15 in terms of market capitalization.
submitted by ermailo to investing [link] [comments]

How to purchase and exchange your litecoin! (longer read)

This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method.
Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.

Popular Exchanges

eToro
Coinbase
Coinmama

Buy Litecoin with Credit Card or Debit Card

Let’s dive into some of the exchanges supporting Litecoin credit card purchases.
These exchanges are our favorite ways to buy.

Coinbase

Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to 3.99% per purchase.
Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.

Coinmama

Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins.
Coinmama has some of the highest limits among credit card exchanges.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.

CEX.io

CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.
Coinbase is one of primary exchanges used to buy Litecoins.
Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait).
The fees will come out to 1.49% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.

CEX.io

CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.

Binance

Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.

Get a Litecoin Wallet

Before we move onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control.
The Ledger Nano S and TREZOR are the best options for secure storage.

Other Methods to Buy Litecoin

If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well.
Find out which one works best for you.

Buy Litecoin with PayPal

Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litecoin, unless you live in the United States.
If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.

Buy Litecoin with Cash

There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.

Buy Litecoin with Bitcoin

If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.

Buy Litecoin with Skrill

BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.

Cryptmixer

Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.

Buy Litecoin with Ethereum

Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially in China.
So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.

Cryptmixer

Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.

Poloniex

Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make multiple trades and also pay fees twice.

ShapeShift

Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.

Frequently Asked Questions About Buying Litecoin

Many of you may still have lots of questions about how to buy Litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying Litecoin.

Why are there limited options to buying Litecoin using other altcoins?

The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.

How much is a Litecoin worth?

Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.

How do I buy Ripple (XRP) with Litecoin?

The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.

How long does Litecoin take to confirm?

Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.

How many Litoshis make one Litecoin?

one hundred million (100,000,000) Litoshis make one (1) Litecoin.

Where do I store Litecoin?

The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.

When is the Litecoin halving?

The expected date of the next Litecoin block reward halving is August 7th, 2023.

Why can litecoin take so long to buy?

Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.

How do I buy Litecoin with Paypal?

Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litcoineum, unless you live in the United States.
If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.

Can you buy partial litecoins?

Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.

Can you sell litecoin?

Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.

Can anyone buy litecoins?

Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.

Which payment method is best to use?

For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.

Is it better to mine or buy litecoins?

If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.

What should I do with my litecoins once I buy?

You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

RESEARCH REPORT ABOUT ARYACOIN

RESEARCH REPORT ABOUT ARYACOIN
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/a7jv4azk86u51.jpg?width=1600&format=pjpg&auto=webp&s=e4a4dbb5afacd5747076beaa59e6343b805c3392

ABSTRACT

Aryacoin is a new cryptocurrency, which allows for decentralized, peer to peer transactions of electronic cash. It is like Bitcoin and Litecoin, but the trading of the coin occurs on sales platforms that have no restriction to use. Further, it was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. It works by taking the hash of a block of items to be timestamped and widely publishing the hash. The timestamp proves that the data must have existed at the time in order to get the hash. Each timestamp then includes the previous timestamp in its hash, forming a chain.
The Aryacoin team is continuously developing new use cases for the coin, including exchanges where users can exchange the coins without any fees or restrictions, and offline options where the coins can be bought and sold for cash. The coins can also be used on the company’s other platform, mrdigicoin.io. Along with the coin, there is a digital wallet that can be created and controlled by the user entirely, with no control being retained by the Aryacoin team.

1.INTRODUCTION

The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. Bitcoin introduced a novel solution to the age-old human problem of trust. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions.
When bitcoin was launched it was revolutionary allowing people to transfer money to anytime and anywhere with very low transaction fees . It was decentralized and their is no third party involved in the transaction , only the sender and receiver were involved.
This paper provide a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. Bitcoin was made so that it would not be controlled or regulated but now exchanges and governments are regulating bitcoin and other cryptocurrencies at every step. Aryacoin was developed to overcome these restrictions on a free currency.
Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.

1.1 OVERVIEW ABOUT ARYACOIN

Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.
Aryacoin is a blockchain based project that allows users to access their wallet on the web and mobile browsers, using their login details.
Aryacoin can be mined; it also can be exchanged by other digital currencies in several world-famous exchanges such as Hitbtc, CoinEx, P2pb2b, WhiteBit, Changelly and is also listed in reputable wallets such as Coinomi and Guarda.
Aryacoin is a coin, which can be used by anyone looking to use cryptocurrency which allows them to keep their privacy even when buying/selling the coin along with while using the coin during transactions. Proof of work and cryptographic hashes allows transactions to verified.
Stable Fee Per AYA is a unique feature of Aryacoin, so by increasing the amount or volume of the transaction, there is no change in the fee within the network, which means that the fee for sending an amount less than 1 AYA is equal to several hundred million AYA. Another unique feature of Aryacoin is the undetectability of transactions in Explorer, such as the DASH and Monero, of course, this operation is unique to Aryacoin.
Using Aryacoin digital currency, like other currencies, international transactions can be done very quickly and there are no limitations in this area as the creators claim.
Aryacoin aims to allow users to access the Aryacoin wallet via the web and mobile browsers using their login details.
Aryacoin is a peer-to-peer electronic cash system that enables users to send and receive payments directly from one party to another, and allow them to transfer funds across borders with no restriction or third party involvement. The blockchain-based system embraces the digital signature, which prevents double spending and low transfer fees, which enables users to transfer huge amounts with very low fees. The proof-of-work consensus mechanism allows each transaction to be verified and confirmed, while anonymity enables users to use the coin anywhere at any time.
According to the website of the operation, each wallet is divided into 2 or more AYA wallet addresses for each transaction, and depending on the volume of the transaction block, the origin, and destination of transactions in the network can not be traced and displayed to the public.
In fact, each wallet in Aryacoin consists of a total of several wallets. The number of these wallets increases per transaction to increase both security and privacy. Aryacoin also uses the dPoW protocol. In the dPoW protocol, a second layer is added to the network to verify transactions, which makes “51% attack” impossible even with more than half of the network hash, and blocks whose Blockchain uses this second layer of security never run the risk of 51% attacks.
AYA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by
first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin.

1.1.1 ARYACOIN HISTORY

Aryacoin (AYA) is a new cryptocurrency, which has been created by a group of Iranian developers, is an altcoin which allows for decentralised, peer to peer transactions of electronic cash without any fees whatsoever. Along with the coin, there is a digital wallet that can be created and managed by the user entirely, with no control being retained by the Aryacoin team.
Aryacoin’s founder, Kiumars Parsa, has been a fan of alternative currencies and particularly Bitcoin.
We see people from all around the world using Blockchain technology and the great benefits that came with it and it then that I decided to solve this puzzle for find a way of bringing the last missing piece to the jigsaw. The idea for Aryacoin was born.” Parsa said.
Parsa and his team of Iranian ex-pats not only persevered but expedited the project and just a year later, in the summer of 2019, the first version of Aryacoin was released. In 2020, Aryacoin is the first and only Iranian coin listed on CMC.
Parsa goes on to state that it is now the strength of the community that has invested in the coin that will ultimately drive its success, alongside its robust technology and appealing 0% network fees.
We have thousands of voices behind Aryacoin. People for the people make this coin. It is a massive shout out for democracy. This had made us base the whole team strategy on the benefits for both our users and our traders.
One key example is that the network fee on AYA Blockchain is 0%. Yes, absolutely nothing, which which differentiates us from other networks. What also differentiates us from other coins is that we have AYAPAY which is the first cryptocurrency Gateway in the world which does not save funds on third party storage with all funds being forwarded directly to any wallet address that the Gateway owner requests”.
So for the first time ever, and unlike other gateways, incoming funds will be saved on the users account with submitted withdrawal requests then made on the Gateway host website. In AYAPAY which has also been developed by the Aryacoin team, all funds without extra fees or extra costs will directly forwarded to users wallets. We have named this technology as CloudWithdrawal.
We are continuously challenging ourselves as it is a crowded marketplace. We are striving to have a safer Blockchain against 51% attacks, faster confirmations speeds of transactions, cheaper network fee, growing the market by cooperation with Top tier Exchangers.

1.1.2 ARYACOIN’S MAIN GOAL

Aryacoin’s main goal is to educate people and give them the freedom to use cryptocurrency in any way they want. Aryacoin empowers the users to transfer, pay, trade cryptocurrency from any country around the globe.
Platforms that have been created by Aryacoin Team, as well as those that will go live in future, operate on the same principle and exclude absolutely no one.

1.1.3 PROBLEM ARYACOIN SEEKS TO SOLVE

Aryacoin aims to provide a long-term solution to the problem of double spending, which is still common in the crypto market. The developers of the system have created a peer-to-peer distributed timestamp server that generates computational proof of the transactions as they occur.
Besides, the system remains secure provided honest nodes control more CPU power than any cooperating group of attacker nodes. While Bitcoin was designed not to be regulated or controlled, many exchanges and governments have put regulatory measures on the pioneer cryptocurrency at every step. Aryacoin aims to overcome these restrictions as a free digital currency.

1.1.4 BENEFITS OF USING ARYACOIN

Aryacoin solution offers the following benefits:
  • Real-time update: whether you’re going on a holiday or a business trip, no problem. You can access your coins all over the world.
  • Instant operations: Aryacoin makes it quite easy for you to use your digital wallet and perform various operations with it.
  • Safe and secure: all your data is stored encrypted and can only be decrypted with your private key, seed, or password.
  • Strong security: The system has no control over your wallet. You are 100% in charge of your wallet and funds.

1.1.5 ARYACOIN FEATURES

1. Anonymity
The coin provides decent level of anonymity for all its users. The users can send their transactions to any of the public nodes to be broadcasted , the transaction sent to the nodes should be signed by the private key of the sender address . This allows the users to use the coin anywhere any time , sending transactions directly to the node allows users from any place and country .
2. Real Life Usage
aryacoin’s team is continuously developing new and innovative ways to use the coins , they are currently developing exchanges where the users can exchange the coins without any fees and any restrictions . They also are currently developing other innovative technologies, which would allow users to spend our coins everywhere and anywhere.
3. Offline Exchanges
They are also working with different offline vendors which would enable them to buy and sell the coins directly to our users on a fixed/variable price this would allow easy buy/sell directly using cash . This would allow the coins to be accessible to users without any restrictions which most of the online exchanges have, also increase the value and number of users along with new ways to spend the coin. This would increase anonymity level of the
coin. In addition, introduce new users into the cryptomarket and technology. Creating a revolution, which educates people about crypto and introduce them to the crypto world, which introduces a completely new group of people into crypto and a move towards a Decentralized future!
4. Transactions
When it comes to transactions, Aryacoin embraces a chain of digital signatures, where each owner simply transfers the coin to the next person by digitally signing a hash of the previous transaction and the public key of the next owner. The recipient can then verify the signatures to confirm the chain of ownership. Importantly, Aryacoin comes with a trusted central authority that checks every transaction for double spending.
5. Business Partner with Simplex
Aryacoin is the first and only Iranian digital currency that managed to obtain a trading license in other countries.
In collaboration with the foundation and financial giant Simplex, a major cryptocurrency company that has large companies such as Binance, P2P, Changelly, etc. Aryacoin has been licensed to enter the world’s major exchanges, as well as the possibility of purchasing AYA through Credit Cards, which will begin in the second half of 2020.
Also, the possibility of purchasing Aryacoin through Visa and MasterCard credit cards will be activated simultaneously inside the Aryacoin site. plus, in less than a year, AYA will be placed next to big names such as CoinCapMarket, Coinomi, P2P, Coinpayments and many other world-class brands today.

1.1.6 WHY CHOOSE ARYACOIN?

If you want to use a cryptocurrency that allows you to keep your privacy online even when buying and selling the coins, the Aryacoin team claims that AYA is the way to go. Aryacoin is putting in the work: with more ways to buy and sell, and fixing the issues that were present in the original Bitcoin, plus pushing the boundaries with innovative solutions in cryptocurrencies. You can get started using Aryacoin (AYA) payments simply by having a CoinPayments account!

1.1.7 ARYANA CENTRALIZED EXCHANGE

Aryana, the first Iranian exchange is a unique platform with the following features:
  • The first real international Persian exchange that obtains international licenses and is listed in CoinMarketCap.
  • The first Iranian exchange that has been cooperating with a legal and European exchange for 3 years.
  • The possibility of trading in Tomans (available currency in Iran) at the user’s desired price and getting rid of the transaction prices imposed by domestic sites inside Iran.
  • There is an internal fee payment plan by Iranian domestic banks for depositing and withdrawing Tomans for Aryacoin holders in Aryana Exchange.
  • The number that you see on the monitor and in your account will be equal to the number that is transferred to your bank account without a difference of one Rial.
  • The last but not least, noting the fact that there is a trading in Tomans possibility in Aryana exchange.
Aryana Exchange is using the most powerful, fastest, and most expensive server in the world, Google Cloud Platform (GCP), which is currently the highest quality server for an Iranian site, so that professional traders do not lag behind the market even for a second.
The feature of Smart Trading Robots is one of the most powerful features for digital currency traders. Digital cryptocurrency traders are well aware of how much they will benefit from smart trading robots. In the Aryana exchange, it is possible to connect exchange user accounts to intelligent trading bots and trade even when they are offline.
The injection of $ 1 million a day in liquidity by the WhiteBite exchange to maintain and support the price of Tether and eliminate the Tether fluctuations with Bitcoin instabilities used by profiteers to become a matter of course.

1.1.8 HOW DOES ARYACOIN WORK?

Aryacoin (AYA) tries to ensure a high level of security and privacy. The team has made sure to eliminate any trading restrictions for the network users: no verification is required to carry out transactions on AYA, making the project truly anonymous, decentralized, and giving it a real use in day-to-day life. The Delayed-Proof-of-Work (dPoW) algorithm makes the Aryacoin blockchain immune to any attempts of a 51% attack. AYA defines a coin as a chain of digital signatures — each owner transfers the coin to the next owner by digitally signing the hash of the previous transaction and the public key of the next owner, and the receiver verifies the signatures and the chain of ownership.

2. ARYACOIN TECHNOLOGY

2.1 PROOF-OF-WORK

They use a proof-of-work system similar to Adam Back’s Hashcash to implement a distributed timestamp server on a peer-to-peer basis, rather than newspaper or Usenet publications. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash.
For their timestamp network, they implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it.
The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If honest nodes control a majority of CPU power, the honest chain will grow the fastest and outpace any competing chains. To modify a past
block, an attacker would have to redo the proof-of-work of the block and all blocks after it, then catch up with, and surpass the work of the honest nodes.

2.2 NETWORK

The steps to run the network are as follows:
  • New transactions are broadcast to all nodes.
  • Each node collects new transactions into a block.
  • Each node works on finding a difficult proof-of-work for its block.
  • When a node finds a proof-of-work, it broadcasts the block to all nodes.
  • Nodes accept the block only if all transactions in it are valid and not already spent.
This is a very simple system that makes the network fast and scalable, while also providing a decent level of anonymity for all users. Users can send their transactions to any of the public nodes to be broadcast, and the private key of the sender’s address should sign any transaction sent to the nodes. This way, all transaction info remains strictly confidential. It also allows users to send transactions directly to the node from any place at any time and allows the transferring of huge amounts with very low fees.

2.3 AYAPAY PAYMENT SERVICES GATEWAY:

According to creators Aryacoin, the development team has succeeded in inventing a new blockchain technology for the first time in the world, which is undoubtedly a big step and great news for all digital currency enthusiasts around the world.
This new technology has been implemented on the Aryacoin AYAPAY platform and was unveiled on October 2. AYAPAY payment platform is the only payment gateway in the world that does not save money in users’ accounts and transfers incoming coins directly to any wallet address requested by the gateway owner without any additional transaction or fee.
In other similar systems or even systems such as PayPal, money is stored in the user account.

2.4 CONSENSUS ALGORITHM IN ARYACOIN

The devs introduced the Delayed-Proof-of-Work (dPoW) algorithm, which represents a hybrid consensus method that allows one blockchain to take advantage of the security provided by the hashing power of another blockchain. The AYA blockchain works on dPoW and can use such consensus methods as Proof-of-Work (PoW) or Proof-of-Stake (PoS) and join to any desired PoW blockchain. The main purpose of this is to allow the blockchain to continue operating without notary nodes on the basis of its original consensus method. In this situation, additional security will no longer be provided through the attached blockchain, but this is not a particularly significant problem. dPoW can improve the security level and reduce energy consumption for any blockchain.

2.5 DOUBLE-SPEND PROBLEM AND SOLUTION

One of the main problems in the blockchain world is that a receiver is unable to verify whether or not one of the senders did not double-spend. Aryacoin provides the solution, and has established a trusted central authority, or mint, that checks every transaction for double-spending. Only the mint can issue a new coin and all the coins issued directly from the mint are trusted and cannot be double-spent. However, such a system cannot therefore
be fully decentralized because it depends on the company running the mint, similar to a bank. Aryacoin implements a scheme where the receiver knows that the previous owners did not sign any earlier transactions. The mint is aware of all transactions including which of them arrived first. The developers used an interesting solution called the Timestamp Server, which works by taking a hash of a block of items to be ‘timestamped’ and publishing the hash. Each timestamp includes the previous timestamp in its hash, forming a chain. To modify a block, an attacker would have to redo the proof-of-work of all previous blocks, then catch up with, and surpass the work of the honest nodes. This is almost impossible, and makes the network processes more secure. The proof-of-work difficulty varies according to circumstances. Such an approach ensures reliability and high throughput.

3. ARYACOIN ROADMAP

April 2019: The launch of Aryacoin; AYA ICO, resulting in over 30BTC collected
December 2019: The launch of AYA Pay
April 2020: The successful Hamedan Hardfork, supported by all AYA exchanges, aimed at integrating the dPoW algorithm, improving the security of the AYA blockchain.
June 2020: Aryana Exchange goes live, opening more trading opportunities globally
July 2020: The enabling of our Coin Exchanger
November 2020: The implementation of Smart Contracts into the Aryacoin Ecosystem
Q1 2021: Alef B goes live (more details coming soon)

4. THE NUCYBER NETWORK COMMUNITY & SOCIAL

Website: https://aryacoin.io/
Explorer: https://explorer.aryacoin.io/
Github: https://github.com/Aryacoin/Aryacoin
Twitter: 1.1k followers https://twitter.com/AryacoinAYA
Reddit: 442 members https://github.com/nucypher
Instagram: 3.8k followers https://www.instagram.com/mrdigicoin/ Telegram: 5.9k subscribers https://t.me/AYA_Global

5. SUMMARY

Aryacoin (AYA) is a new age cryptocurrency that combines the best of the blockchain technology and strives to deliver high trading and mining standards, enabling users to make peer-to-peer decentralized transactions of electronic cash. Aryacoin is part of an ecosystem that includes payment gateway Ayapay and the Ayabank. AYA has a partnership with the Microsoft Azure cloud platform, which provides the ability to develop applications and store data on servers located in distributed data centers. The network fee for the AYA Blockchain is 0%. In Ayapay service, which has been developed by the Aryacoin team, all funds without extra fees or costs are directly forwarded to users’ wallets with technology called CloudWithdrawal. The devs team is introducing new use cases including exchanges where users will exchange AYA without any restrictions. You can buy AYA on an exchange of your choice, create an Aryacoin wallet, and store it in Guarda.

6. REFERENCES

1) https://coincodex.com/crypto/aryacoin/
2) https://www.icosandstos.com/coin/Aryacoin%20AYA/YuXO60UPF3
3) https://www.publish0x.com/iran-and-cryptocurrency/a-brief-introduction-of-aryacoin-first-ever-iranian-cryptocu-xoldlom
4) https://techround.co.uk/cryptocurrency/aryacoin-the-digital-currency-created-by-iranians/
5) https://bitcoinexchangeguide.com/aryacoin/
6) https://blog.coinpayments.net/coin-spotlight/aryacoin
7) https://guarda.com/aryacoin-wallet
submitted by CoinEx_Institution to Coinex [link] [comments]

The next XVG? Microcap 100x potential actually supported by fundamentals!

What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why:
Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network.
The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership.
The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI.
ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil.
Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets.
100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”.
Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy.
I am super bullish on this coin for the following reasons:
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to.
This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
  1. A https://www.vice.com/en_us/article/d35eax/amazon-bitcoin-patent-data-stream-identify-cryptocurrency-for-law-enforcement-government
  2. B https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
  3. C https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up
  4. D https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc
  5. E https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins
  6. F https://www.youtube.com/channel/UCWkTxl5Z6DNN0ASMRxSKV5g
  7. G http://epic.tech/whitepaper
  8. H https://medium.com/epic-cash/epic-cash-on-uniswap-22447904d375
  9. I https://epic.tech/wp-content/uploads/2019/09/figure-3.1.jpg
Links:
submitted by pinchegringo to CryptoMoonShots [link] [comments]

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

AMA with Alex Alexandrov - the founder of Coinpayments.net

Alex Alexandrov was a technical Forex and Options trader and EA developer for MT4 platform. He then chose to venture into direct sales before branching out on his own to successfully develop and manage coincable.com, an online bitcoin mining hardware supply store. Alex's next venture was becoming owner and CEO of Coinpayments.net, a premium Bitcoin, Litecoin, Ethereum and other alternative crypto-currency payment processor. Coinpayments’ services are trusted by over 3,000,000 users across 182 countries. Recently he brought his wealth of industry experience to his own cryptocurrency Velas. Last month Alex was the Keynote Speaker for the BlockDown cryptocurrency conference.
For the purposes of this AMA we would like to focus on the motivations behind creating Coinpayments, whats going on with Coinpayments, what the future hold for Coinpayments, what is Velas, what were motivations behind creating Velas, and whats next for Velas.
Please keep the discussion on topic and civil - rules will be strictly enforced. Actual AMA is slated for 2 pm ET / 11 am PT, but we are putting it up a few hours ahead to allow for questions to get started.
submitted by jwinterm to CryptoCurrency [link] [comments]

Earning money with Bitcoins: “QashBits”!

One of the latest innovations in the cryptocurrency faucet sector. A site with a classic structure to earn money with Bitcoins.
In this article we will talk again about a direct faucet that will make you earn money with Bitcoins by means of a proven structure, very similar to that of the faucet described in a previous article. QuashBits is shown with a main screen always made up of 2 menus, one at the top and one on the side, all well organized. To register, use a personal Bitcoin address also registered on FaucetPay.

Earning money with Bitcoins
Let's now proceed with the list of components of the central menu.

EARN BITS, earn Bitcoin:
- Faucet, which takes you back to the dashboard, is the classic claim that can be made every 60 minutes. The cryptocurrencies earned are called Bits and the award released will depend on the Lucky Number obtained. Occasionally some pop-up pages may open.

- Shortlinks, divided in turn into 2 submenus. Visit Shortlinks, whose links lead to advertising pages in which one or more Captchas must be resolved, which is why they notoriously pay more than the classic Claim. Pop-up pages may open. Shortlinks Contest instead shows the weekly ranking of users who have solved the highest number of Shortlinks.

- PTC Ads, this section is now inevitable on faucet sites and allows you to earn crypto by viewing advertising pages. It is not mandatory to keep the mouse on the page as it will be sufficient to let the required time pass. The main tool for earning money with Bitcoins.

- Jobs, an interesting section where you are rewarded very well by performing "social" tasks. Definitely recommended for its originality.

- Referrals, where you will be shown your referrals URL. You will get, with the basic subscription, from your subscribers a 10% on all claims. The percentages will increase by subscribing to a higher Membership subscription.

- Achievements displays the list of rewards that are received after reaching a certain number of Claims and Shortlinks, dedicated to large users of faucets.

- CPU Mining, where you will be paid 1 Bit every 60000 Hash. Recommended only for those with powerful enough PCs.

- Investment Game, practically a bet on the Bitcoin trend in the next 5 minutes after your bet. You will be free to invest the desired amount.

- Redeem coupon, if you have a code to use as a coupon. You will be given a small amount of crypto as a gift.


Not just EARNS:
MEMBERSHIP, various paid membership levels that will increase your earnings percentages.

LOTTERY, the BitsFree lottery. The cost of the ticket is 100 Bits / Satoshi.

CONTESTS, which each month will reward users with the highest number of subscribers and the largest amount of Shortlinks and Offers completed.

OFFERS, which includes surveys, bonuses for viewing videos and the most varied tasks. Several Dogecoins will be obtained but not always proportionate to the time spent since the surveys have a very low percentage of reliability.

BLOG, the section with the latest news on BitsFree.

MORE, in turn divided into several parts:

- Account settings, in which to enter the Bitcoin or FaucetPay address to which to transfer the balance and change the registration email and password.

- Withdrawals History and Deposits History, shows the last 25 transfers to your external wallets and all the deposits made on the site.

The side menu
The menu on the left contains many links to the sections previously described. From top to bottom you can change your account details, exit the site (Logout) or make the transfer (Withdraw). Just below the Bitcoin countervalue of the Bits you have available on the site is shown. Following is the Advertise section which offers the opportunity to earn crypto through links and banners directly on your site. This is a paid service and using the Deposit button you can send the funds you want to dedicate to it.

Even further below, your referral URL.

In the lower part of the dashboard, the left part is dedicated to all the information on crypto (Bits) earned while the right part allows, thanks to the Share button, to share your referral URL on major social networks.

We remind you that the transfer of earned Bits (Withdraw) can be converted into Bitcoin on your personal wallet or on FaucetPay. The minimum threshold in the first case is 50,000 Satoshi while for the second it is 4000 Satoshi.

See you soon for a new article on how to earn Bitcoins!

If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
Horizen Faucet: https://getzen.cash/auth/register?ref=153228
submitted by Giulo75 to u/Giulo75 [link] [comments]

Making Money with Cryptocurrency Faucets: "Dogemate"

Dogemate is a classic faucet site with a nice and essential user interface. By following our advice it will be fun to make money with faucets!
Initial premises: Dogemate is divided into 2 main pages with related specific menus. All earnings will be paid in DMT Coins which will be converted to Bitcoin, Ethereum, Dogecoin or USD at the time of the transfer. It also offers the possibility to transfer your earnings to all the most used online microwallets including popular platforms such as Coinbase. In addition to making money with faucets very easily, with Dogemate also transferring them is faster than most of the competing sites.

Let's proceed with the classic email / password registration.

Making money with cryptocurrency faucets
Once logged in, instead of describing the Dashboard as usual, we will jump back to the Home Page by clicking the word Dogemate at the top left. The menu items that interest us are Features, Info and Earn More.

Features displays in boxes all the services and features made available by the site; Info reports the news regarding the news introduced by Dogemate, the statistics of all members and the usual FAQs; Earn More lists a long list of other sites for making money with faucets. Not all of them are 100% reliable.

To return to the Dashboard, press the relevant button or Start Earning. In succession we will describe the main menu, the profile at the top right and the dashboard screen.

The main menu of Dogemate
The aforementioned menu is divided as follows:

- Dashboard: where are you now.

- Games: Dogemate's claim. Press Roll Game and on the next page solve the captcha. You will receive a certain number of DMTs determined by the number that will appear. If performed daily, you receive a percentage bonus that will grow day by day.

- Shortlinks: a long list of advertising pages, by viewing them you will receive in exchange a good number of DMT Coins.

- Offerwalls: a very high offer of the usual surveys or tasks by completing which you will be rewarded in DMT Coin.

- PTC, display advertising for a fee. The only obligation is to leave the screen open until the counter ends without necessarily displaying it on the screen.

- Mining, use your PC to mine cryptocurrencies by relying on the Dogemate platform. Every 1000 hash it is possible to start the conversion into DMT Coin.

- Tasks, tasks very similar to ICO and IEO bounties: making articles on blogs, advertising posts on social media, videos on Youtube in exchange for quite high fees.

- Withdraw: here you can convert the DMT Coins into 3 different cryptocurrencies and proceed with the transfer to the desired wallet. The same function is performed by pressing the balance on the top right.


Dogemate's account

By clicking on the nick at the top right you can change your profile; view the referrals URL; choose the wallet to allocate the cryptocurrencies earned on Dogemate (Faucetpay, Express Crypto, Coinbase, personal wallets and much more); perform the funds transfer (Withdraw); contact the site administrators.

Finally, the explanation of the dashboard as a whole. First we will see the account level, which will rise as a result of the use of faucets and the accumulated experience. The more you level up, the more the percentage of cryptocurrencies earned will increase. You can view the various levels to reach by clicking on the bank strip located just below.


Four boxes show the daily shortlinks completed, the number of your referrals, the balance in DMT and the bonus points to be converted later in DMT Coins.

The page ends with the box to collect any promotional codes and your Referral URL that will make you earn 10% on the rolls and 25% on the shortlinks completed by your subscribers.

See you in the next article to continue making money with cryptocurrency faucets!

If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
Horizen Faucet: https://getzen.cash/auth/register?ref=153228
submitted by Giulo75 to u/Giulo75 [link] [comments]

Trading now open on low cap, low risk 900k circulating coin: AGA

Welcome to AGA TOKEN!
AGA PLATFORM
Aga Platform is a profitable ASIC and FPGA cryptocurrency mining operation with mining facilities located in Eastern Washington, where electricity prices are one of the lowest in the world. Primarily we mine Bitcoin, Bitcoin Cash, Litecoin, Dash, Digibyte, Verge and Decred.
AGA Token will be using Cryptocurrency mining to fund its staking rewards and to back its price. This simple, yet, revolutionary approach aims to deliver substantial returns to all AGA Token holders through liquidity pool staking and price appreciation.
$AGA Token Uniswap Listing Update
https://medium.com/@AGAToken/aga-token-uniswap-listing-update-8510e490b75b
Owner of AGA: @twojewoda
Please join the following channels for updates
💰 AGA Trade Floor 💰 @agatradefloor
📢 AGA Announcements 📢 @agatoken
Website: http://www.agatoken.com
Twitter: https://twitter.com/agatkn
Uniswap: https://uniswap.info/token/0x2d80f5f5328fdcb6eceb7cacf5dd8aedaec94e20
Etherscan: https://etherscan.io/address/0x2d80f5f5328fdcb6eceb7cacf5dd8aedaec94e20
This is a well established, working and mining organization, with a well known and regarded CEO, who is active in the TG group. He is well regarded among other crypto communities. Ferrums founder, Ian Friend, was seen mingling in the AGA chat today and is yet to be determined whether he is involved with the project. When questioned, his response was, "wait and see".
Why worry about being rugged on risky coins, when you can churn out some easy Eths with this comfy, low risk buy??
Marketcap is around $2.5million on this atm and price at time of this post is $2.79 per coin.
Last but not least, only 900k in circulation!
With some marketing and exposure, expect this to 4x over the next few weeks, but if we are entering the bull run, as many suspect, all bets are off and these low caps could moon.
This is as low risk as they come IMO, but still, DYOR.
https://imgur.com/Uyt4Ma3
submitted by Axxel6307 to CryptoMoonShots [link] [comments]

Building an Ethereum Mining Rig - Part 2

First update to the guide "Building a 6Gpu Mining Rig for Ethereum" - Let's talk about Claymore.
This update supplements and does not replace the Guide to Build a 6GPU Mining Rig for Ethereum published on our site.

The substantial differences are due to the installation of the latest version of the Windows 10 Operating System, the mining on the Ethermine pool (in our opinion simpler than Dwarfpool) and the use of the XFX RX 580 8gb GPUs.

The first variant is found in Part 4 of the guide: the environment variables are not to be entered as they will be integrated directly into the bat file to start mining.

The second variant is found in Part 7 of the guide and leads us to "mine" on a different pool using the Claymore software.
Download the latest version at the following link: https://github.com/Claymore-Dual/Claymore-Dual-Miner

Once downloaded, unzip everything on a folder on your desktop and open the start.bat file with notepad. Clear the contents and copy the following command:

start config.dll -epool eu1.ethermine.org:14444 -ewal "your ETH wallet address" -epsw x -worker "worker"
EthDcrMiner64.exe

Where instead of "your wallet address" you will have to put your Ethererum wallet - obviously without the quotes - and instead of worker you will put an identification number in case you build more RIGs (such as RIG1, RIG2, etc ...). We opted for the eu1 pool even if some on the discussion forums believe that the us1 is more profitable.

At the following link, many other useful commands for your Rig:
https://github.com/Claymore-Dual/Claymore-Dual-Miner


The Ethermine pool offers a very well crafted and descriptive interface. In the Payouts section, after only 5 minutes of mining, you can decide the minimum amount of Ether to be transferred to your wallet by simply entering the IP address of the RIG.

We have decided to mine directly on the Ethereum address of our Exodus wallet. It is not recommended to mine directly on Coinbase, as reported on the site itself. Sin.

Nothing should be left to chance when you decide to build a mining rig for Ethereum.
The third variant is the most difficult of all. Once you have reached Part 5 of the guide, you can decide whether to continue or follow this update / variant. If you are here it is probably because you have run into some problem that the guide does not allow you to solve.

With the latest version of Windows 10, you may run into a kernel conflict between the operating system and AMD's Radeon Software Crimson ReLive Edition Beta for Blockchain Compute drivers. This conflict will prevent you from using Atiflash after installing the drivers.

Important: Before making any changes to the BIOS, please backup each GPU.

Important: first of all flash the GPUs with the original bios if for any reason you are forced to reinstall the operating system.


Still on Atiflash.
The advice would therefore be to flash the GPUs and then install the AMD drivers. Let's say it would be because you may run into another problem this time related to the GPUs themselves. Since each video card is different from any other, the bios mod of the GPU could crash the operating system showing the classic blue screen and displaying an error related to the Atimkdag.sys file.

This could be due to the fact that some GPUs have significantly higher performance in the calculation phase than others. We could call it a factory overclock but not using them for gaming we cannot say it with absolute certainty.

Having assessed these two drawbacks, the only safe solution is to flash all the GPUs, disconnect them except for the first one, install the Blockchain drivers (plus Atimkdag patch) and launch the mining command verifying that the operating system does not go into crash in the next 5 minutes.

Turn off the rig again and connect the second GPU so on up to the sixth. In the event that one or more video cards should crash the system, disconnect them. After that, it uses DDU from the provisional mode and flashes these GPUs with their original bios. At this point, connect them again, reinstall the Blockcain drivers (plus Atimkdag patch) and start mining definitively.

All the operations related to the use of Atiflash, DDU and driver installation are reported in Part 5 and Part 6 of our guide.
A little bit of Overclocking.
You will certainly find significant differences in performance between the GPUs.

At this point all that remains is to "operate" with an overclocking software. We opt for OverdriveNtool. Our constantly updated guide is available at the following link: https://www.cryptoall.it/2019/10/12/complete-guide-to-overdriventool/

Link to the official YouTube channel for verification: https://www.youtube.com/channel/UCdE9TTHAOtyKxy59rALSprA

GPUs with modified bios will not leave much room for modification. You will have to proceed with the most extreme overclocking on those that mount the original bios; obviously always in small steps by saving the profile for each GPU. Our guide explains in detail how to do it.

Hoping to have been of help, we give everyone an appointment for the second part of the update on how to build an Ethereum mining rig in which we will explain in detail the dual mining on the Ethermine pool.

See you soon.


If you liked this article and would like to contribute with a donation:

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Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
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Proof of Work

Proof of Work
The most famous consensus algorithm - Proof-of-Work (PoW), Is represented by coins such as Bitcoin, Ethereum and Litecoin. PoW was the first of such algorithms and continues to be widely used today.

📍PoW is a simple design that is highly resistant to cyber attacks. This approach relies entirely on the computing power of each member of the network to solve problems and reach consensus on a transaction. PoW requires that each user participating in validation must prove they have performed computations in order to prevent spam or DoS attacks on the network.

📍 How it works?
Each node tries to solve complex cryptographic problems using its own computing resources - the one which finds a solution gets the right to confirm the transactions and to write the block to the blockchain. This means that nodes (also known as miners) compete with each other to create the next block of transactions on the blockchain. The winning miner, in turn, receives cryptocurrency tokens as a reward for the time and energy spent on finding a solution. For example, Bitcoin miners are rewarded in Bitcoin. This reward system motivates miners to generate the right solution and ensures network security.

📍 The main disadvantages of PoW
The fact that it requires data entry on its network makes PoW very difficult to hack (any successful attack would require at least 50% of the hashing power of the entire network), but it also makes it extremely costly in terms of power consumption. ... Every time thousands of miners are working on a single solution resources are heavily utilised, especially when only the block where solution is found has value. Consequently, with each new block mined, a mass of practically useless by-products accumulates.

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Complete Guide to OverdriveNTool

We present the complete guide to overclocking GPUs with OverdriveNTool for your Ethereum Mining Rig! In this special we will write a complete guide to OverdriveNTool, in our opinion the most efficient, fast and immediate software for overclocking GPUs dedicated to mining.
The interface is presented in a very simple and no-frills way, as if to suggest how much the program was created to go directly to the purpose.
We remind you that after installing the drivers (see our guide to build a 6 GPU Ethereum Mining Rig) you will need to go through the Radeon Settings (Radeon Settings), select Game, Global Settings and for each GPU in your mining rig (or mining rig) you will need to make sure that HBCC memory is disabled. Do the same with the Crossfire option, checking that it is also disabled. Reboot the system and verify that all video cards have indeed not enabled HBCC and Crossfire before proceeding.
At the following link the software download and technical specifications: https://forums.guru3d.com/threads/overdriventool-tool-for-amd-gpus.416116/
Recall that the GPUs in Atiflash will numerically correspond to the GPUs in ONT and Claymore, without misalignment.
First we open our BIOS previously modified with Bios Polaris or, possibly, a stable Bios Mod downloaded from specialized sites such as Anorak via ONT. However, we can also overclock the original Bios of the GPU. Follow the OverdriveNTool guide carefully when operating at these levels!
Click on New to create a new profile for the selected GPU. At first you will find yourself on the 0 which will correspond to the 0 in Atiflash and Claymore. I repeat once again: identical GPUs can behave differently; for this reason, the most stable final overclocking may vary from card to card. It will be sufficient to load the first profile on each subsequent tab, select New, make the necessary changes and save it with a different name (possibly recognizable, such as GPU1-OC Memory or GPU2-Temp, etc ...).
The stages of the GPU and Ram. On the left we find the stages or clocks of the GPU with relative voltage for each sector. Some users disable the first 6 stages (from P1 to P6) to ensure that once the command for the minion is executed, the GPU immediately goes to the last stage. For those who, like us, restart the RIG once every 2 or 3 days, or even more, it is an unnecessary procedure.
We recommend, at least for the first tests, to leave them activated. Once you have reached the limit of the video card, you can check whether disabling them will bring some improvement in terms of hashing on the screen without the pool being affected. Because in effect our goal is to have a high hash-rate and with a minimum percentage of errors on the pool even at the expense of a lower hash-rate in our RIG.
In the central part we find the speed of the memory divided into 3 sectors. We will operate directly on the latter.
On the right you can see the speed of the fans, the temperature that the fans must maintain (in our bios-mode it is set at 75 ° to which we obviously never arrived), the acoustic limit (in a RIG it is a parameter to always keep consideration).
The last section at the bottom right, the Power, is divided into the maximum reachable temperature (with our Pulse set at 84 ° while with the XFX at 75 °) and the Power Target, strictly linked to the modified Bios that we are overclocking . You can try at the end of all tests, in the event of instability of one or more GPUs, to give less power starting from -25%.
In this guide we will refer to the XFX RX 580 8GB GDDR5, with GPU clock at 1200Mhz and Memory at 2150Mhz. 8 video cards theoretically identical in total.
Let's put into practice what has been written up to now ...
We immediately opted for blocking the stages by operating directly on the latter for both the GPU Clock and the RAM. From these levels it starts to drop with the voltage of both the GPU and the RAM, alternatively always checking hashing, consumption and the stability of the system (usually 5-10 minutes are enough). When the voltage is too low, the GPU will not start undermining.

The goal is to obtain the best performance / consumption ratio, always parameterizing the results obtained on the pool. A very high hashrate or very low consumption can often create numerous errors in the mining phase.


With 8 RX580 8GB video cards we reached a total consumption (thus including all the components of the RIG) of 770 Watts for an average of less than 100 Watts per GPU.

The result was achieved by bringing the GPU clock voltage to 1000 and the RAM to 900. Lower values ​​are theoretically possible but could cause system instability. As mentioned previously, each video card is different from the others and on one of the eight GPUs we were forced to lower the power by 25%.

After these tweaks, we got results on the pool with a hashrate often higher than 240mhs.


We would like to emphasize that GPU overclocking is the absolute operation that will take you the longest time. It can take hours to reach the so-called "sweet spot" of each video card. Our OverdriveNTool guide will surely help you!

But this achievement will give you great satisfaction, we guarantee it.
Below the stable settings for the RX Vega 64 video cards of our 13 GPU Mining Rig of which you can see some videos on our YouTube channel: https://www.youtube.com/channel/UCdE9TTHAOtyKxy59rALSprA

Complete Guide to OverdriveNTool
See you soon for the next guide dedicated to mining!

If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
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Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
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Binance Support Number (+𝟏) 445*𝟗𝟎0*1𝟒𝟐𝟓 ♚ USA Help Phone

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While some cash related advisors highlight over governments' activity in separating the secret world to coordinate the central organization part, others request continuing with the current free-stream. The more standard cryptographic types of cash are, the more examination and rule they attract - an ordinary problem that bewilders the serious note and deteriorates the basic objective of its world. Regardless, the nonattendance of go-betweens and oversight is making it incredibly engaging the examiners and making each day business change https://www.fundamentally.com . To be sure, even the International Monetary Fund (IMF) fears that cryptographic types of cash will remove public banks and overall banking soon. After 2030, common business will be controlled by crypto nimbly chain.
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Earning Crypto: “BitsFree” Faucet

One of the best Bitcoin faucets. Earning Crypto has never been easier.
In this article we will talk more about a direct faucet that will make you earn crypto easily thanks to a proven structure, very similar to that of the faucet described in a previous article. BitsFree is shown with a main screen also composed of 2 menus, one at the top and one on the side, all always well organized. To register, enter a personal Bitcoin address registered also on FaucetPay.

Earn Crypto
Let's now proceed with the list of components of the central menu.

EARN BITS, many ways to earn:
- Faucet, which takes you back to the dashboard, is the classic claim that can be made every 60 minutes. The cryptocurrencies earned are called Bits and the award released will depend on the Lucky Number obtained. Occasionally some pop-up pages may open.

- Shortlinks, divided in turn into 2 submenus. Visit Shortlinks, whose links lead to advertising pages in which one or more Captchas must be resolved, which is why they notoriously pay more than the classic Claim. Pop-up pages may open. Shortlinks Contest instead shows the weekly ranking of users who have solved the highest number of Shortlinks.

- PTC Ads, also this section by now inevitable in faucet sites allows you to earn crypto by viewing advertising pages. It is not mandatory to keep the mouse on the page as it will be sufficient to let the required time pass.

- Jobs, an interesting section where you are rewarded very well by performing "social" tasks. Definitely recommended for its originality.

- Achievements displays the list of rewards that are received after reaching a certain number of Claims and Shortlinks, dedicated to large users of faucets.

- CPU Mining, where you will be paid 1 Bit every 60000 Hash. Recommended only for those with powerful enough PCs.

- Investment Game, practically a bet on the Bitcoin trend in the next 5 minutes after your bet. You will be free to invest the desired amount.

- Redeem coupon, if you have a code to use as a coupon. You will be given a small amount of crypto as a gift.


Not only REFERRALS:
REFERRALS, where you will be shown your referrer URL. With the basic subscription, you will get 10% on all claims, 5% on Offerwalls and 3% on Shortlinks from your subscribers. The percentages will increase by subscribing to a higher Membership subscription. It is possible to purchase referrals at the price of 10,000 Satoshi.

LOTTERY, the BitsFree lottery. The cost of the ticket is 100 Bits / Satoshi.

CONTESTS, which each month will reward users with the highest number of subscribers and the highest amount of Shortlinks and Offers completed.

OFFERS, which includes surveys, bonuses for viewing videos and the most varied tasks. Several Dogecoins will be obtained but not always proportionate to the time spent given that the surveys have a very low percentage of reliability.

BLOG, the section with the latest news on BitsFree.

MORE, in turn divided into several parts:

- Membership, by signing up for a paid subscription you can level up within the site (Silver, Gold and Diamond), obtaining more rewards and services in exchange.

- Account settings, in which to enter the Bitcoin or FaucetPay address to which to transfer the balance and change the registration email and password.

- Withdrawals History and Deposits History, shows the last 25 transfers to your external wallets and all the deposits made on the site.

The side menu
The menu on the left contains many links to the sections previously described. From top to bottom you can change your account details, exit the site (Logout) or make the transfer (Withdraw). Just below the Bitcoin countervalue of the Bits you have available on the site is shown. Following is the Advertise section which offers the possibility of earning crypto through links and banners directly on your site. This is a paid service and using the Deposit button you can send the funds you want to dedicate to it.

Even further below, your referral URL.

In the lower part of the dashboard, the left part is dedicated to all the information on crypto (Bits) earned while the right part allows, thanks to the Share button, to share your referral URL on major social networks.

We remind you that the transfer of earned Bits (Withdraw) can be converted into Bitcoin on your personal wallet or on FaucetPay. The minimum threshold in the first case is 50,000 Satoshi while for FaucetPay it is 4000 Satoshi.

See you soon for a new article on how to earn free crytpo!
If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
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Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
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Earning Cryptocurrencies with Faucet Autoclaim: "AutoFaucet"

Autofaucet returns improved and more user-friendly. Earning free cryptocurrencies with autoclaim faucets will be even faster.
AutoFaucet is an automatic Faucet site (AutoClaim). Following the changes in FaucetHub, the site has been completely renovated. It covers 17 cryptocurrencies, including now Bitcoin, and allows you to transfer balances to personal wallets registered on Express Crypto and FaucetPay. This means that you will not have to enter an address for each cryptocurrency but only your E.C.ID. and the address used to register on FaucetPay. As seen previously, to earn cryptocurrencies with Faucet Autoclaim we rely on a large number of cryptocurrencies. In the future, direct transfer to personal wallets will also be integrated.


After logging in, you will find yourself in the main Dashboard. At the top right you will always see your user level, the progress to reach the next one and the bonus level reached. Scrolling down the page you will see all the cryptocurrencies that you can earn. On the left, we have the main menu which we will describe shortly.

earn cryptocurrencies faucet autoclaim
- Given that the site is still under construction, we will try to explain its features in the best possible way even if not all sections are functional. The menu is divided as follows:


- Dashboard, just described


- Free Token, section in which you will have to accumulate the Faucet Tokens (FCT) that will be used to power the Autofaucet and the Manual Faucet in the next section. Currently only the Shortlinks are active but in the future mining, the classic offerwalls and the daily bonus will be activated.

earn cryptocurrencies faucet autoclaim

- Faucet, the main soul of the site, is divided into Autofaucet and Manual Faucet. By selecting the first mode, you will have the possibility to choose between the following options: type of cryptocurrency, destination of the funds, duration of the autoclaim (the longer it is, the greater the amount of cryptocurrencies earned), speed of payment (the higher the multiplier, the higher the FCT consumed).


Two Faucets in one site!

The second mode is the classic faucet in which you will have to select the type of cryptocurrency and Captcha. At the top you will always be shown the amount of FCT available and for the Manual Faucet also the number of claims that can be made.

earn cryptocurrencies faucet autoclaim
- Games and Exchange, not yet active.


- Witdraw, in which we will be free to transfer the cryptocurrencies earned for free to the E.C. or FaucetPay. At the top, in addition to the Withdraw item, we have Recover old balances (which allows you to retrieve any balances from the old site), History (shows the transfer history), Settings (where you can enter the EC ID and FaucetPay address) . Returning to Withdraw: select the desired cryptocurrency, the destination of the funds (E.C. or FaucetPay), the amount to be sent and the captcha. Press Withdrawal and the amount of cryptocurrencies earned will be immediately transferred.

earn cryptocurrencies faucet autoclaim
- Referral, a section dedicated to its members who will earn you 20% for each claim made. In addition to your referral URL, the number of your subscribers will be shown and in the future banners will be selectable to use on your personal site.


- Help, the unmissable section dedicated to assistance where you can open a Ticket in case you encounter problems or malfunctions.


- Settings, for any password change.

And with that, that's all. We can safely say that AutoFaucet has made a very high level restyling, with the addition of new features that make it more viable and that will increase the possibility of earning free cryptocurrencies!

See you soon for the next article!


If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
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Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
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Bitcoin’s next halving is scheduled for May 2020, with mounting research pointing to a serious boost for markets as a result. For Litecoin, however, that boost never came. In fact, miners appeared to conversely lose interest immediately after the halving. Das Litecoin-Mining erfolgt hingegen über private Grafikkarten, was ein deutlich finanz-schwacheres Klientel anspricht und somit gleichzeitig für eine breitere Verteilung der Coins führt. Diese geschickte Änderung am Bitcoin-System soll zudem Brute-Force-Angriffe verhindern und die Currency stabiler machen. Nähere Informationen zum Mining finden Sie in der umfangreichen The main difference between Litecoin vs Bitcoin is the way mining on each platform works. As I said earlier, mining Bitcoin is more difficult and more expensive than mining Litecoin. So, to make money mining Bitcoin, you need a very powerful computer. Most people use special computers that are designed to mine Bitcoin. Which are called ASIC miners? As Bitcoin has grown in value, Bitcoin mining ... Bitcoin Mining Facilities Hurting for Profits May Try to Leverage Next-Generation Machines So far, both the BTC and BCH networks which utilize the SHA-256 algorithm have seen significant drops in ... Litecoin was designed to produce four times as many coins as Bitcoin by the end of its production life cycle—84 million. The mining rewards are 50 Litecoins, vs. Bitcoin’s original 25.

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