News about and related to altcoin: all blockchain projects (like Ethereum, NEO, NEM, Stellar, Ripple, Ontology, Nexus, Ardor, Lisk, Ark, OmiseGo, BOScoin) and related currency that exist in addition to Bitcoin.
A little late, but as promised here is Part 2 of the Beginner’s Guide to Exchanges. I would like to sincerely thank everyone for their support and feedback in making these. Link to Part 1 This time I also made a Google Docs survey in the hopes of sharing the results with the community. I thought we could share what we use as a whole and why redditors choose the exchanges they do. For skeptics (as you all should be), I assure you that I am not collecting personal information. This is for recreation and if you are still wary, then by all means abstain! Link to Survey In Part 3 I will be wrapping up this series by covering decentralized, semi-decentralized, and derivative exchanges. Here it goes!
00 – Concepts and Definitions (Continued)
What is FinCEN? This is an agency within the US Dept. of Treasury that collects and analyzes information about financial transactions. It is meant to prevent financial crimes and money laundering both by businesses and individuals. In 2011, FinCEN defined digital currencies as fiat and started cracking down on those in the crypto world. Since then, every exchange serving US citizens has been trying comply with regulations otherwise they face severe penalties. Thank them when exchanges as for your Address and an ID.
What is the ICO (UK Regulatory Body)? This stands for the Information Commissioner’s Office and it is the UK counterpart to FinCEN - a regulatory office that reports directly to Parliament. ICO oversees compliance of the Data Protection and Freedom of Information Acts. It is meant to help companies and individuals keep their private information private, and can enforce this with penalties up to £500,000 when personal information is recklessly stored or leaked.
What is APR? Stands for Annual Percentage Rate.
What is Arbitrage? Arbitrage trading means to take advantage of price differences between markets. For example, say Poloniex lists ETH at $400, while Kraken lists it at $500. Buy low at Poloniex and then sell high on Kraken and you just made yourself a hundred bucks. Simple!
What is a Coinswap/Crypto-converter? Basically, a coinswap is a broker. If liken an exchange to a marketplace where buyers and sellers meet to agree on a price, then a Coinswap is a person who goes to the market on your behalf. Give them what you want to sell, and they will come back with what you want to buy. They take a small commission, give you a fair market rate (or close to it), and sometimes don’t even ask for your identity. Coinswaps are popular because they are convenient and offer coin pairs that exchanges sometimes cannot.
Overview: Founded in late 2013 by Gerald Cotton in Vancouver, Quadriga should be a source of national pride. While 4 major Canadian exchanges suddenly closed between 2015 and 2016, Quadriga survived. Then In 2015, Quadriga became the first exchange to attempt being listed publicly by enrolling for enlistment on the Canadian Stock Exchange (CSE). However, it ultimately failed to do so after being confronted with restrictions and regulations.
Withdrawal/Deposit Fees: Low deposit and withdrawal fees in comparison to other exchanges. A little unorganized on their official site
Linked Bank Transfer
Deposit 1%/ Withdraw Free
Free (Withdraw Only)
1% (Withdraw Only)
Free (Withdraw Only)
Security: Quadriga was quite notably lost of 67,000 ETH earlier this month, after an expensive mistake involving the Geth 1.5.9 upgrade. Apparently, outgoing addresses were incorrectly entered without 0x at the beginning of addresses and the sent ETH became trapped. Yet Quadriga has taken full responsibility and reassured customers that it will not affect their accounts.
Google Authenticator or Email 2FA Available
Undisclosed amount of funds in cold storage
3rd Party Security provided by CloudFlare
Expired $50 bounties
Verification: Quadriga CX enables alternative instant verification with an Equifax Credit Score Report.
Digital only, Limits Vary
Customer Service: Negative reviews are hard to come by, but perhaps that is due to the smaller size of this exchange. The FAQ is a little disorganized with a lack of tabs or categories on the site. However, support offers a direct phone line and email support. Also u/QuadrigaCX seems very active and responsive in the Bitcoin CA subreddit.
Bottom Line: The handling of the ETH loss was handled professionally and quickly. And as a Canadian, lower deposit and withdraw fees are probably impossible to find somewhere else. Trading fees are a little high, but that is the trade off. It seems they have weathered some ugly storms other Canadian exchanges could not and are a trustworthy exchange going into the future.
05 – Fiat Exchanges – Europe
Overview: CEX.io is started in London in 2013 both as an exchange and a cloud mining provider with its acquisition of Ghash.io. In 2014, Ghash was the largest Bitcoin mining pool contributing to over 42% of the mining power and mining over $200 million in BTC. In October of 2014 Ghash closed yet CEX.io lived on as an exchange.
Verification: With a lot of backlash from the Bitcoin community, CEX has registered with FinCEN and ICO in the UK, while also implementing Anti-Money Laundering (AML) and Know-your-Customer (KYC) policies. Once these policies came into effect and ID verification was requested, many original Ghash users abandoned the exchange. Exchange allows for linking of Facebook and Google+ accounts. Not a good option IMO.
ID + Photo
$10,000 Daily/$100,000 Monthly
Customer Service: Customer complain are abound here, and for justified reasons with hidden deposit and withdrawal fees. However it seems the company is quick about inquiries and verification, stating that most inquiries are filled in 24 hours. The FAQ is comprehensive which you should come to expect from established exchanges. Despite some unhappy customers, tt is good to see that they care about their reputation and their product.
Bottom Line: If you are already invested in crypto, CEX.io has some of the lowest trading fees in the game. However, they are clearly taking advantage of inexperienced users and those looking to exchange fiat for the first time. When purchasing with their FOK buying service (using instant credit card transactions), not only is the buy rate not at market price, but a 7% fee is added. This is price-gouging, this is FOK-ing unreasonable. I understand that this service offers something not found elsewhere, but additionally 1% crypto and $50 USD withdrawal fees makes these actions questionable if not just plain greedy.
BTC-E / XBTC-E
Overview: BTC-e is has been operating out of Russia since 2011 and provides language support in English, Chinese, and Russian. Perhaps due to this flexibility, it has high volumes of BTC, LTC, and ETH. It has an unclear connection to xBTCe, but both link to each other in the FAQ of the respective sites. A feature that is provided by BTC-e not seen elsewhere is software for trading called MetaTrader 4. This software seems a little clunky, but includes some TA features.
Security: BTC-e was hacked way back in 2013/2014 and reportedly $35,000 of BTC was stolen. Since then it has had a relatively clean record. This Digiconomist review is a thorough and detailed read, but unsure.
Google Authenticator Available
Must be changed every 6 months
3rd Party Security Services provided by CloudFlare
Verification: Since late May, there have been a shit storm of reports claiming BTC-e is locking funds for previously unverified users. In the FAQ users are asked to register at XBTC-e and within 10 days the account will be unblocked. It is unclear how the websites are connected or related to each other and 10 days is eons in crypto time.
No Stated Limits
Customer Service: Live Chat is supported during operating hours and the FAQ is listed in Russian and English. Resources are a little unorganized, but complete none-the-less. Bad reviews and complaints are plentiful with the long history of the exchange and the recent troubles with account verification for some long time users.
Bottom Line: I’ve got to be honest that I personally despise the interface at these 2 sites. Both give Yahoo! GeoCities and the original SpaceJam website a run for their money in terms of web design. Perhaps it makes up for it with some free TA software and a large daily volume. But it comes to say that the longevity of this exchange is its biggest strength.
Overview: Liqui is based out of Kiev, Ukraine. As a digital exchange, it does not support fiat currencies and is competing with the likes of Bittrex and Poloniex as it lists dozens of altcoins. The feature that differentiates Liqui is its ‘Interest’ feature which was introduced to increase traffic and volume to the newer exchange. It works similarly to depositing money into a savings account - deposit ETH into an account and earn 24% APR (or .066% daily interest) which is deposited every 24 hours. There is some fine print about deposit limits and interest calculations, but how it is presented is clear and straightforward. Unfortunately the limit of 1000 ETH needed by Liqui is currently full, so you will need to wait until others withdraw ETH or the limit is increased to participate.
Verification: There are no deposit/withdrawal limits and no verification levels. In order to start trading, all that is needed is an email address.
Customer Service: Searching for user reviews shows mixed results about Liqui’s customer service. The fact that it supported on several platforms, is reassuring. Contact Support@liqui.freshdesk.comBy Twitter@Liqui_ExchangeBy Telegram@Liqui
Bottom Line: The design and simplicity of Liqui stands out in my opinion. It is like what Poloniex could be if they just cleaned the UI/UX a bit. I like that it immediately gets into the trading charts without having to click around and if you miss the trollbox then this is your site. Like other smaller exchanges there are doubts over the reputation and reliability due to the opaque nature of the operations and development team. If you are looking for an alternative to Bittrex or Poloniex, this exchange may be worth investigating.
06 – Fiat Exchanges – South Korea
안녕하세요 여러분! 혹시 우리 한국인 친구 이 보고서를 한국어로 읽고 싶어한다면 알려주세요. 관심이 많이 있다면 간단한 한국어 보고서도 만들 수 있습니다. This year, ETH has taken off like a rocket in the Land of the Morning Calm. With a population of just 50 million, South Koreans account for almost 30% of daily ETH trade volume. Even more surprising is that currently the daily volume of ETH is about 5 times higher than that of Bitcoin on Korean exchanges. Since demand is high, ETH is trading at a premium on Korean exchanges. Some users have been talking about capitalizing off this imbalance by trading on arbitrage between exchanges. For those who have no connection to Korea and hope to do so, I have bad news – all Korean exchanges require a National ID number and access to a Korean bank account. This makes Korean exchanges virtually closed to Korean nationals and those with long-term visas. Sorry everyone.
Overview: Bithumb has all the features of horrid Korean web design - pop-up ads, flashing side-banners, disorganized pull downs, links to cafes/blogs, and generic stock images with embedded text. You can’t even see the exchange before making an account with your email or mobile number. It does support 4 languages, but reveals only poor translation done by Google Translate. In the face of this, this exchange has been trading a daily volume only second to Poloniex. On the bright side, they have the unique options to buy gift certificates/vouchers and remit money overseas.
Overview: Coinone is the second largest Korean exchange, and its design is a breath of fresh air compared to its rival. It offers service in English and Korean and allows for the trading of Bitcoin, ETH, ETC, and Ripple. It has a very comprehensive chart that is highly customizable, but sadly is only gear towards BTC currently. This makes it perfect for margin trading, and in the future I hope they add ETH. They also offer overseas remittance through their service Cross. Coinone support seems above average in their customer service with a PDF guide and an unprecedented landline number for direct support.
Overview: As the smallest of the 3 Korean exchanges, Korbit benefits from its simplicity. It by far has the best design and English support with clear links to services - including remittance, global payment, and their company bio. Like CoinOne they offer a direct phone line for customer inquiries and an extensive FAQ in 2 languages. Similar to the other exchanges, it has insanely low fees for deposits and withdrawals. This is largely thanks to the Korean banking system where wire transfers and mobile banking are commonly used. I recommend anyone interested in Korean exchanges to start here as they also have a reddit presence on u/korbitBTC
With a great deal of anticipation, major Chinese exchanges started trading ETH this summer. Since these exchanges deal huge volumes of Bitcoin already, naturally it was expected that they invest heavily into ETH as well. So far this hasn’t quite lived up to the hype with many exchanges still favoring Bitcoin, Litecoin, Altcoins, and even Ethereum Classic (Gulp). Three of these exchanges underwent inspections by the Peoples Bank of China earlier this year and will be working closely with the government to ease fears of money laundering and market manipulation. There are a lot of Chinese sites, and since my Chinese is non-existent this list is basically just for name recognition. In many ways these sites are very similar in regards to security, verification, and fees compared to their western counterparts; just marketed at a different audience and currency. If users are seriously interested in these exchanges and making reviews, please contribute or ask!
Overview: Number one in Chinese ETH trading, currently overtaking the volume of exchanges like GDAX and Kraken. CoinOne is very accessible with a mobile app, PC trading software, live chat customer support, and wallet services. OK Coin has English for the basic interface, but no detailed information in the FAQ.
Overview: Second in Chinese ETH volume, Huobi mirrors its rival OKCoin in many ways. It has a solid interface, a mobile access, and even the same rumors of faking trading data! Huobi also started with the ambitious motive of having zero trading fees, only to introduce them in January of this year.
Overview: ShapeShift is the leading Coin-converter site and has been since 2014 when it was founded. With great effort put into to eliminating verification requirements and allowing for the exchange of dozens of altcoins, ShapeShift provides a relatively seamless and simple service. The big buttons and bright color scheme immediately differentiates it from other exchanges.
Trading Fees: From the website ShapeShift does not charge a specific fee. Instead, we offer an exchange rate for each coin which changes every 30 seconds with market conditions. We try to earn revenue by offering a profitable exchange rate, and typically we earn in the range of 0.5% (50 basis points). You receive exactly what the exchange rate shows, there is no additional fee (except the tiny miner fee). There are complaints about the fees not being calculated fairly, but no one is forcing any of these users to exchange at the unbalanced rate. Or you could just read what CEO u/evoorhees has to say about it over at the Ethereum subreddit.
Security: After losing $230,000 from a possible internal hack in 2016, ShapeShift contracted the Canadian Security firm LedgerLabs. Afterwards they permanently hired Michael Perklin as Chief Security Information Officer. ShapeShift claims the only information stored during exchanges is the logs of wallets and the transfers between them. This is protected by storing the data across servers in multiple countries with none based in the US.
Customer Service: Customer service is necessary for the inevitable ‘entered the wrong wallet address’ problem from new users. Along with complaints about slow transfers, a simpler platform does not exempt ShapeShift from dealing with tons of angry customers and their problems. I take many of the complaints about unfair exchange rates with a grain of salt, because the problem could have been avoided by the customer. It does seem however that ShapeShift is very responsive, with a presence on almost every social platform imaginable. Even right here on reddit at shapeshiftio
Bottom Line: Especially after the release PRISM, it is obvious that no one is better at simplifying than the ShapeShift team. In order for crypto trading to become mainstream, it need to be easy enough that your grandma could do it. Erik Voorhees understands better than anyone. Instead of being confronted by esoteric graphs, unfamiliar ticker symbols, and a list of registration requirements, ShapeShift differentiates itself from other exchanges in both its interface and ease of use.
Overview: Changelly is a prototype project that was created by developers associated with MinerGate 2013. It has a slightly less sleek interface than ShapeShift, but is still quite intuitive in terms of its pull down exchange bars and other information. Changelly offers Credit Card services like CEX.io, but the fees are currently so expensive that it is hardly worth it. Another downside is the recently introduced email requirement.
Trading Fees: 0.5% Commission Fee with .00042 ETH Network Fee.
Security: It offers 2FA with Google Authenticator and HTTPS protocol.
Verification: A confirmed email address is all that is needed to start trading. You could easily use a throwaway email if there are concerns over privacy. There are also links to your Google+ or Facebook Profile, which seems a little uneccessary.
Customer Service: Like ShapeShift, Changelly suffers in its reviews due to inexperienced users. Those using Credit Cards especially will feel ripped off despite a clear disclaimer stating that rates are high. They have an extensive FAQ, but do not appear to have a ticket system for complaints and their social media pages are more geared for press releases than support. Their subreddit is a similar story in changelly, but their support staff u/changelly_com runs circles trying to solve issues. Because of the honest effort, I believe they can do better and can improve.
Bottom Line: When it comes to criticisms of Changelly, the apple does not fall far from the tree with MinerGate. Users rightfully have some distrust about the lack of opacity in the management and operations of this exchange. I feel that they are more honest and fair in the Credit Card services than CEX.io, but still should cut the service as it generates a ton of bad experiences. If you are looking to convert coins, it seems to be an acceptable service, but some of the benefits are lost with having to verify an email address. In this way it is hard to compete with ShapeShift.
Aim: My goal is to spread and bring cryptocurrency to meme lovers. We use Bitcoin memes and emotes to pique one's curiosity and interest towards cryptocurrency. So far, 8 people on the server have been convinced to dig deeper into cryptocurrency and the blockchain tech. Features: Fun bots and chat games (e.g. Connect4, Duck Hunt, PokeWorld etc.), Cryptocurrency price bot (to query cryptocurrency prices as well as 24-hour percentage changes), More and more and more bots (at least 40), Cryptocurrency chat channels (Bitcoin, Litecoin, Altcoins, ICOs, Mining etc.) Join Now: https://discord.gg/Xck6AaD
A proposed method to facilitate p2p trading between fiat and cryptocurrencies
Hi all, I've been thinking for awhile for a good method to enable P2P exchanges. The recent thread regarding Bitmessage (BM) and OpenTransactions (OT) left me swimming in my thoughts for the past couple of days. One of the main issues with getting Bitcoins is moving fiat money in and out of the system. Wiring money around or doing a bank deposit has been the best method so far with large quantities to MtGox or similar. Smaller quantities are taken are of with the Localbitcoins OTC system. My proposal will allow a global P2P exchange by all participants by first converting their fiat to digital fiat. The issues of this will be covered and a solution proposed afterwards. After reading about OT I think I understand the general gist of it. My proposal is an extension of the coloured coin system I first read about here. The coloured coins will be used to convert fiat to the digital equivalent of that fiat, pegged to that fiat's value. The difference with my concept is having there being only one type of digital fiat for each country's currency, such as dUSD or dAUD, as opposed to per company as described in that post (Mt Gox Dollars, Silk Road Pounds). The problem with issuing from USD to, say, dUSD is that the issuer of the currency can flood the market with a supply of dUSD if supply is not controlled. So the issuer can just generate his own dUSD and go spend it in the global OT economy. This is not desirable and removes the value of dUSD. To counter this, I propose the value of the fiat be stored in Bitcoin and locked away until the dUSD is returned to the system. The OT servers will operate as a sort of 'bank' but without the crazy fractional spending that banks do today. People can deposit Bitcoin and receive the equivalent dUSD in return, either for trading, exchange or whatever. If desired, the dUSD can be redeemed at the OT servers for the equivalent Bitcoin. I will attempt to explain this from points of view of different parties in a world where my concept has taken hold and is available globally. System The following currencies are available in the OT global economy:
Cryptocurrencies (Bitcoin, Litecoin, Altcoins)
Digital Fiat (dUSD, dAUD, dEUR, etc) - There is a digital version of the fiat of every single currency in the world. These are pegged to the value to their real life counterparts, and are minted then supplied to the global OT economy only when the equivalent amount of bitcoins is deposited in.
dUSD is pegged to the USD 1:1
Fresh dUSD is issued by depositing Bitcoins into the OT system
These Bitcoins can be released proportional to whomever returns the dUSD to the OT 'bank'
The dUSD can be used to trade with other cryptocurrencies or digital fiats
1BTC = 100USD
1USD = 1dUSD
All of the digital fiat is cryptographically controlled in a similar manner to Bitcoin (I don't know if this is possible, I hope so!)
Local exchanger Alice wants to become a local exchanger of cryptocurrency. She has offered Bitcoins for quite some time but the demand is not high as face to face meetups aren't suitable for geeks, or the value of Bitcoin is too unstable. She owns 10BTC. Instead of sitting around waiting for someone to trade BTC with she decides to send 10BTC into the OT system and as a result the OT system issues 1000dUSD back. She can not receive any more dUSD than this until she puts in more BTC. Alice now advertises that she sells dUSD! Alice finds she gets a lot more interested parties because the value of the dUSD is obvious and not subject to speculation. Interested trader Bob wants BTC, but is not comfortable with the crazy rise and fall of Bitcoin. He does, however, know that 1 dUSD is always equal to 1USD so is happy to transfer a large amount of cash for that. He finds Alice through the crazy magical OT system and then he wires Alice 1001USD for 1000dUSD. He has now suddenly given his fiat money access to the entire global OT economy! He can use this to convert money to Bitcoins when the price is more ideal, trade with other altcoins or perhaps he can hang on to it until he goes on a holiday to Australia where he can use the OT system to convert to dAUD before he departs America, or perhaps the OT system will find someone willing to convert dUSD for real AUD. In a foreign land far far away Chen is travelling to America soon and needs USD. He only has dRMB. Using the OT system a triangular transaction is setup (Bob goes to China and needs dRMB, Chen is going America and needs dUSD, Bob is going to Australia and needs dAUD). This will allow everyone to exchange local currencies quickly and easily without any fees. Meanwhile since Alice is working in Bitcoin she can just deposit the Bitcoin into the OT system and convert to the digital fiat equivalent of any country she wants to visit. Why is this system good? Because the amount of value of the issued dUSD is equal to the amount of Bitcoins deposited into the OT servers and locked away, there is no value being created out of thin air. This controls the supply of dUSD which is important. The OT servers become a bank which won't play with your money and lose it. Nor will it demand exorbitant fees from you. This also means that dUSD holds true value as opposed to just representing an IOU. With IOUs, the issuer can refuse to accept your dUSD to USD. If this happens, the holder of dUSD can just send it into the OT servers and convert the dUSD back to the original Bitcoin that was used to mint the dUSD! Or they can do any of the options I outlined above. Also having a 1:1 value of dUSD to USD is clear, simple and leaves no room for speculation or concern. Just buy it, bam, you hold the same value in your hands and it won't become valueless tomorrow. Also while the world slowly plays catchup and adopts Bitcoin, this system will allow you to go to any country and convert your digital fiat into that country's fiat. Enjoy your holiday! While the world still uses fiat, using a digital version of that exact same fiat just makes things easier. The proposed system prevents a central point of failure. OT servers can be everywhere, linked with other locales with Bitmessage, and all currencies are supported, which can all be traded together. It becomes a true P2P trading/exchange system. Expanding this system also provides a great method of remittance, which is something I'm interested in. For instance I might be in Australia and want to send money to friends in Ghana. If the proposed system is up and running then I can put BTC into the OT system and receive freshly minted dGHS. I can send these to Ghana easily to my friends wallets. Hopefully the local economy there is happily accepting dGHS in my vision. Wouldn't people just buy BTC directly? Yes and no. I know I don't want to put so much money into a wildly fluctuating commodity just yet. Bitcoin, however, works well as a reserve currency which is why its used to allow issuance of a specific amount of equivalent digital fiat to whoever deposits in. This proposed system is more of a intermediate measure between today's economy and a full global bitcoin-only economy. Its important because people like to think in their own respective currencies. This system has digital fiat types pegged to the value of every single fiat in the world. This system allows people to transform their existing money into a digital form to be used globally easily. What happens if the issuer no longer wants to redeem the dUSD? What if too many people want to redeem their dUSD into USD and there isn't enough money between all of the exchangers? By having a large number of exchangers in the country, hopefully this will be prevented. Alternatively I've thought of a couple of other solutions. The people with the dUSD can convert their dUSD to Bitcoin in the OT system. This can be done by standard trading, or perhaps the Bitcoin that was locked away when it was deposited and dUSD can be released by returning dUSD to the system. For instance, Bob comes to Alice demanding to convert 500dUSD to 500USD, but Alice is now homeless and is dirt poor. Bob can either:
Find another exchanger in his area
Since it is a global economy, he will be able to trade his dUSD for Bitcoin or Litecoin or perhaps another digital fiat.
Bob can become an exchanger on his own. He needs to find one of his friends willing to convert their USD to dUSD and then they can trade.
The Bitcoin that was locked away in the beginning to allow issuance of the dUSD can be released by returning the dUSD to the OT servers. So Bob returns 500dUSD to the system, and in return he receives 5BTC.
Point 4 is cool because its like having the OT servers act like a bank, issuing currency. But the cooler thing is that fractional reserve banking is not possible here, and the value that was deposited into the OT 'bank' always remains there waiting to be redeemed. Anyway I'm still thinking about this concept, I was wondering what were your thoughts? Am I onto something here or is there no point creating digital fiat currencies with controlled supply? I feel that this idea has value because as soon as the fiat is converted to digital fiat (that has provable equivalent value to the real fiat through use of Bitcoin deposits) the entire global economy is available instantly and without fees. Ideally everyone would just work in Bitcoin but we know that is not the case. Fluctuating prices and price discovery is still working. Bitcoin can be the 'gold' and the value of the dUSD and other digital fiats can be based on this 'gold'. While Bitcoin is busy fluctuating, pegging digital fiat values to real fiat will really get the global economy ball rolling. Thoughts? TL;DR - Make fiat currency become digital, whose value is backed by Bitcoin.
I just started getting into bitcoin/litecoin/altcoin whatever, and started running my computer as part of a pool. My question is, cgminer keeps stopping saying "Hit thermal cutoff limit on GPU 0, disabling!" how can I avoid this? Here are the settings I use: cgminer --auto-fan --auto-gpu --scrypt -o stratum+tcp://(url) -u user.1 -p password -I 15 -w 64 --thread-concurrency 6720 my PC specs are a Sapphire HD6870, i5-2310, 8gb ddr3. I am using cgminer 3.6, 3.5 crashed on start and 3.8.3 said "unknown command '--scrypt'"
[ CryptoCurrency ] We at Coinsbee.com enable our customers to purchase vouchers for everyday life with Bitcoins (BTC), Ethereum (ETH), Litecoins (LTC), Bitcoin Cash (BCH), XRP (XRP), Nano (NANO) and a variety of other Altcoins. Payments with Bitcoins or Litecoins can of course also be made through t
[ 🔴 DELETED 🔴 ] Topic originally posted in CryptoCurrency by coinsbee_com [link]
coinsbee_com your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
[Discussion] GPU's That Have Been Used For Mining Crypto's
I see a lot of comments on here by users saying not to buy GPU's that have been used for mining as running them at 100% load will have affected them in some way. If a GPU has been run in a temperature controlled environment, not had it's fan ran at 100% there really is going to be no problem with it. GPU's have been used in [email protected] for longer than people have been mining crypto's and if anyone sold one of those no one would bat an eye. Most GPU's used for mining would also have had their voltage lowered which means lower temps, lower power usage resulting in lower bills for the miner. Most cards that have been used for gaming machines would have at some point been overclocked with possibly memory, core and voltage changes. There is head room in these cards for increasing voltage to get stable overclocks but which is going to be worse for the card, lowering or increasing the voltage? There are also a lot of replies on forums about the temperature cycles of gaming rigs (heat up/down/up/down) being worse for cards than running them at a constant load and temperature for extended periods of time. I have ran a GPU mine in the past, I have lots of cards I am currently selling off, I have sold a fair few now and I've not received a complaint about performance. I bench all of my cards before selling and not one has come back with an issue. Before taking other peoples word as gospel that having used cards for crypto mining kills them, do a bit of research on bitcoin/litecoin/altcoin mining, [email protected] and just read through the comments.
It start it out with a lazy and unproductive sunday. I was stumbling on reddit thread about litecoins and as expected I was endulging on the greed of, wheter or not i should invest in bitcoin/litecoin/altcoin all day long. But in the end of the day i realized i was already far too late to join the profit train (my stupid emotion thinks there is still a good chance that it can be profitable). It will be good for long term future investment but not for short term profit, thats my final conclusion. I dont know if this is a contributing factor, but this greed really disturbs my peace of mind. In the night i cant function effectively and mindlessly watching tv and going straight to bed skipping meditation. BIG MISTAKE. The first cycle of dream is just an ordinary wierd dream with no coherent storyline. A girl at the candy store giving me a love letter in a christmas sock, searching for a lumberjack with oedipus complex, etc etc. And then i woke up at 3am, but i decided to snooze for another minute (i switch sleeping position into my whole body facing down, with the risk of friction), ANOTHER BIG MISTAKE. This is where the dream started to get weirder, WARNING MAY CONTAIN TRIGGERS the part i remember was, i was in a pool filled with naked girls, but thankfully it was full of unnatractive girl (not my type). But there is one girl that is taunting me across the pool, i dont know why i started to form hand seal (that i often use to get a burst of willpower in real life) and i was starting to laugh sinisterly. By doing this the girl gradually becomes more beautiful, but shes not naked anymore. And thats when i realized the sensation in my pants. I said "WHAT THE?" I didnt even make contact with the girl or even have dirty thoughts about her, how can this be? At this point the girl is the one laughing as if she won over something. When i woke up, just as i expected i jizzed in my pants, i sighed. Must i remind you that i did not have an erection while ejaculating, meaning that im not even turned on when that happens. I have encountered a more serious sexual dream in the past, but i handled it pretty well. I dont understand why this one failed so miserably. So i am now giving a new rule to this mode :
always fill your day with something productive, keep your mind pure
never skip night meditation EVER
never sleep with body facing down to your bed
and dont taunt the succubi in your dream
dont underestimate Monk Mode
I hope this can give an insight to everybody that is taking the Monk Mode. And because this is Monk Mode, now i have to reset my counter sigh.
Pantera Capital: Bitcoin Set to Begin Meteoric Bull Run – But Ethereum and Certain Altcoins Will Outperform BTC. Last bull-run, NYCoin was TOP % GAINER +330,000%. Will history repeat?... New York Coin (NYC) is a lightning-fast, no fee version of Litecoin since 2014 🚀 Official New York Coin 💙
Bitcoin oder Litecoin bedienen sich gleichermaßen der dezentralisierten Struktur, funktionieren also unabhängig jedweder Instanzen. Somit protokollieren beide ihre Transaktionen auf allen Rechnern der Blockchain, was einen soliden Proof-of-work-Algorithmus erfordert. Gesucht werden komplexe mathematische Ausdrücke, die kein Hochleistungsrechner knacken kann, die aber bei Kenntnis der Werte ... Litecoin erklärt. Litecoin (Kürzel: LTC) ist im Oktober 2011 aus einer Abänderung des Bitcoin-Protokolls entstanden, mit der es sich unter der Federführung von Charlie Lee vom originalen Bitcoin-Protokoll abgezweigt hat. Darum spricht man auch von einem sogenannten „Hard Fork“, bei der ein eigenes, weil technisch unterschiedliches Protokoll entsteht. BTC/EUR: Aktueller Bitcoin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in EUR. Litecoin’s value proposition simply sounds like another altcoin pitch to them. Less tech-savvy adopters hardly know what the mining process is like, let alone the difference between SHA-256 and Scrypt. So while Litecoin’s price has increased significantly over the past few months, it simply isn’t as attractive as Bitcoin’s. Litecoin additionally took a hard jab in the gut when Ethereum ... Altcoin ist der Begriff, der verwendet wird, um alternative digitale Assets zu beschreiben, also Assets, die nicht Bitcoin sind. Diese Nomenklatur kommt von der Idee, dass Bitcoin die ursprüngliche Kryptowährung ist und dass alle anderen dann als „Altcoin“ oder „alternative Coins“ betrachtet werden.. Was ist ein Altcoin?
Is Litecoin a Good Long-Term Investment? What Is Litecoin? [Cryptocurrency/Altcoin Deep Dive]
Hey Altcoin Daily Team! Today we dive into Litecoin! What is it? What makes it unique? Is it a good investment? Would love to hear your opinion in the comments. Let me know. Like the video if you ... Charlie Lee of Litecoin Foundation discusses Litecoin still being silver to Bitcon's gold and what his favorite altcoin besides bitcoin and litecoin are. We discuss if he still thinks we are in a ... Follow Altcoin Daily for DAILY videos on news, market analysis, education, perspective, and opinion. We are HUGE Bitcoin fundamentalists and take a "free mar... Altcoin Trader video tutorial showing how to buy and then send or receive a bitcoin on the https://www.altcointrader.co.za trading platform! #bitcoin #cryptocurrency #news #btc #ethereum #eth #cryptocurrency #litecoin #altcoin #altcoins #eos #forex #money #best #trading #bitcoinmining #invest #trader #cryptocurrencies #top #investing # ...