Saturday, 27 March 2021

Can You Mine Bitcoins on Your Smartphone?

 


Let us have a look at the Bitcoin price index from July 2012 to September 2020 for better understanding of this digital currency -

Users who have traded Bitcoin have used many apps for Android, also which are used to store Bitcoins. There are several apps available and you can download best bitcoin app either from the Google or Google play store.

With the constant increase and decrease in Bitcoin price in India, Bitcoin is going to either stay at the present price or decrease. Further, Bitcoin mining has taken precedence over everything else, and there are several apps for smartphones to mine Bitcoin. If you are not interested in mining, you can purchase Bitcoins by using a Bitcoin exchange in India such as, WazirX.

Is it possible to mine Bitcoins using Mobile?

Yes, Bitcoin mobile mining is possible; but there are also several reasons for not proceeding with it. Further, there are few cryptocurrencies which do not require proof-of-work mechanisms, which are under the initial stage can be mined on a smartphone.

As we are aware that today's smartphones are very powerful and it can be used for cryptocurrency mining. But, when we compare the tools that are used by the miners for Bitcoin mining, they are very powerful and sophisticated, mining in smartphones means they have less appeal in terms of rewards.

The user can mine Bitcoins on the smartphone on a smaller scale, or the user can join a mobile mining farm or mining pool. When the miners of the network share their rewards, you will receive a small percentage based on your computing power.

How can you Mine using Smartphones?

You can use your smartphone for Bitcoin mobile mining, by using Android as it is a mining-friendly OS for mobile devices. As the BTC rate in India is fluctuating, the market is developing more apps for Android, which allow you to directly mine bitcoin from the smartphone. These apps cannot be found on Google play store as the case may be.

Apps that can be used for mining Bitcoins through a smartphone

If you are still fixed on mining bitcoin through mobile, the only requirement is you need a mining app and a battery charger for standby. Below given are the few apps which could be used for mining Bitcoin through smartphones.

  • MinerGate

  • It is a mobile miner app which helps you to mine Bitcoins, and Altcoins. Some of them include Dash, and other altcoins. Further, MinerGate offers the best in-built wallet where you can store your bitcoins and other cryptocurrencies.

  • Bitcoin Miner

  • It is one of the most popular apps that are currently available on most of the devices. It offers a user-friendly interface and you can find its performance reviews good. The Bitcoin miner app supports several altcoins.

  • AA Miner

  • This app supports several cryptocurrencies which include Bitcoin, Litecoin, Dash, DigitalNote, and many more. This app is mainly used for mining cryptocurrencies for Android.

    Final Thoughts

    Even though mining through mobile does not offer more rewards, it is not a complicated process. The only requirement is, you need a smartphone and download best mining app. When you are using your smartphone, the app runs in the background; and these apps interfere with your smartphone's performance. Succinctly, we can say that smartphone mining is one of the simple ways for earning some cash but not like using specialized hardware through computers.



    Article Source: http://EzineArticles.com/10369235

    Getting Started With Cryptocurrencies 2021

    Getting Started With Cryptocurrencies 2021


    Investing in the cryptocurrency market space is often complex especially for the traditional investors. This is because investing directly in Cryptocurrency requires the use of new technologies, tools and adopting some new concepts.

    If you decide to dip your toes in the CryptoCurrency world, you will need to have a clear picture of what to do and what to expect.

    Be it Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies require you to choose an Exchange that deals in the products you want.

    Being the most famous decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the matter of fact is that there are other cryptocurrencies as well that can be relied upon for making crypto-investments.

    Litecoin

    Litecoin, also referred to as 'silver to Bitcoin's gold' is an open-source decentralized payment network that functions without involving an intermediary.

    How does Litecoin vary from Bitcoin? Well, both are similar in many ways, however the block generation of Litecoin is much faster than that of Bitcoin. This is making the investors around the world open to accept Litecoin.

    Charlie Lee, a former engineer at Google founded Litecoin in 2011. Though Litecoin does not have the anonymity technology of Bitcoin, recent reports have shown that Litecoin is preferred after bitcoin because of its persistence. Another factor that favours Litecoin is the Bitcoin SegWit technology that means secure peer-to-peer trading of currencies without involving exchange participation.

    Ethereum

    Launched in the year 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to function without third party interference. The currency is the ether that is like an accelerator within the ethereum platform. In the leading cryptocurrencies space, Ethereum. is the second most preferred choice after Bitcoin.

    Zcash

    Zcash gained attention in the latter part of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let's take it as "if bitcoin is like HTTP for money, Zcash is HTTPS".

    The currency offers the choice of the shielded transaction to maintain the transparency, privacy and security of transactions. This means the investors can transfer data in the form of encrypted code.

    Dash

    Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield with the name Xcoin. It is also known as the Decentralized Autonomous Organization or simply DAO. The coin was meant to eradicate all the prevailing limitations of Bitcoin. Currently, Bitcoin has earned a substantial position in the space of cryptocurrencies.

    The alternative to virtual currency that promises secured and anonymous transactions through peer-to-peer networking is cryptocurrency. The key to making a lot of money is to make the right investment at the right moment. In comparison to making the everyday money, cryptocurrency models function without involving any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, the continuous activity is issued, managed and endorsed by the community peer network. The cryptocurrency is known for its speedy transactions over any other mode such as digital wallets and other mediums.

    In addition to the above discussed, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

    Although bitcoin is the trend setter and is leading the race, other currencies have also made their significant position and are growing in preference each day. Considering the trend, the other cryptos will have a long way to stay and might soon give Bitcoin a real tough time to maintain its position.

    If you have decided to make a speculative investment in this disruptive technology, and want to have all current and future recommendations, connect with "The Top Coins".



    Article Source: http://EzineArticles.com/10394636

    4 Reasons to Become a Certified Bitcoin Professional (CBP)


    The CryptoCurrency Certification Consortium (C4) established some cryptocurrency standards in order to help ensure a balance of decentralization, trust, privacy, openness, usability and security. If you pass the CBP examination, you will be able to get a certification. It will improve your professional standing. In this article, we are going to find out why you should pursue a Bitcoin professional certification. Read on.

    1. Qualification

    First of all, if you go for this certification, you will become a qualified professional. So, you can become more prominent among the group as far as professional and personal ability is concerned.

    2. Demand

    If you be part of the Bitcoin ecosystem as a professional, you will enjoy a lot of opportunities as an entrepreneur, freelancer and individual. The fact of the matter is that start-ups, media outlets, and global organizations are always on the lookout of professionals in the world of Bitcoin.

    3. Comprehensive Understanding

    After you have received your certification, you will have a solid understanding of the cryptocurrency. As a result, you can practice your knowledge in a much better way.

    4. Expertise

    If you become a CBP, you can use the technology to your area of expertise. The reason is that you will have a much stronger understanding of a lot of issues, such as privacy and double-spending.

    Pre-Requisites

    • There is no need of prior cryptocurrency knowledge
    • Fundamental understanding of smartphone and computer operations
    • Familiarity with Android and Windows OS
    Target Audience

    • Users of Bitcoin
    • Project managers
    • IT professionals
    • Journalists and bloggers
    • Entrepreneurs
    • Educators, teachers and professors
    • Marketing and sales pros
    • Controllers and accountants
    Procedure to Become A Certified Bitcoin Professional

    If you want to become a CBP, you will have to pay the fees and pass the exam. For this, you must have access to the essential study material. The study material will be enough for you to study for up to 2 years. It will cover 33 topics and 6 domains.

    The exam is in the English language and the duration is 24 months. The fee for the exam is under $100, and the supplementary exam fee and the renewal fee is under $50.

    To clear the exam, make sure that you get at least 70% marks. If you fail to pass the exam in your first attempt, you can pay the fee and take the test once again.

    There is also a time limit during the test. You have to attempt 75 questions in only 20 minutes. This includes true and false and MCQs. The reason behind the time limitation is to prevent the test takers from using a search engine to look for the right answers.

    In short, these are the reasons and steps to become a certified professional. Hope this helps.



    Article Source: http://EzineArticles.com/10422965

    Saturday, 20 March 2021

    Beginners' Guide to Own Bitcoin Cryptocurrency


    Bitcoin Cryptocurrency is buzzing all over the world, whether you are on the internet or any media. It is one of the most exciting and craziest things happened that comes into existence in the last few years only. More importantly, you can earn an awesome return by bitcoins trading or you can keep it for a long term.

    You may be heard about Stocks, Commodities, Forex, and now a new currency called Bitcoin trading that impacts greatly on our lives. In this beginner's guide to Bitcoin cryptocurrency, you will get to know the A B C of Bitcoin.

    About Bitcoin Cryptocurrency

    The emergence of Bitcoin is still not known but a paper was published in October 2008 under the pseudonym Satoshi Nakamoto held from Japan. His identity is still unknown and believed to have approximately one million bitcoins valued more than $6 billion USD as of September 2017.

    Bitcoin is a digital currency popularly known as cryptocurrency and is free from any geographical boundary. It is not regulated by any government and all you need is an internet connection. As a newbie, Bitcoin technology may confuse you and a little bit tough to know about it. However, I will help you dig it deeper and how you can also do your first Bitcoin trading at ease.

    Bitcoin Cryptocurrency works on blockchain technology which is a digital public ledger and shared by anyone in the world. You will find your transactions here whenever you do any Bitcoin trading and anyone can use the ledger to verify it. The transaction done will be completely transparent and is verified by blockchain. Bitcoin and other cryptocurrency are the parts of blockchain and are an awesome technology that runs on the internet only.

    Key Terms Related To Bitcoin Cryptocurrency

    Before you ready to own your first Bitcoin, it is better to know the key terms related to bitcoins. It is also termed as BTC which is a part of bitcoin and 1 bitcoin equals 1 Million bits. With the emergence of bitcoins, some other alternative cryptocurrencies also evolved. They are popularly called Altcoins and includes Ethereum(ETH), Litecoin(LTC), Ripple(XRP), Monero(XMR) and many others.

    XBT and BTC are the same things and commonly abbreviated for bitcoin. Mining is another term used a lot and it is actually a process done by computer hardware for the Bitcoin networks.

    Things You Can Do With Bitcoin

    You will be able to trade, transact, accept and store bitcoin. You can send it to your friends, request from a friend and store it in your digital wallet. Even, now you can top-up your mobile/DTH directly by paying through bitcoin.

    Transaction cost is low as compared to PayPal, Credit cards, and other online intermediaries. Furthermore, it also protects your privacy that may get leaked on the internet while using credit cards. It is extremely secure and nobody can seize or steal coins. Due to its transparency in the system, it is also not possible to manipulate because of the shared public ledger. You can verify transaction from anywhere and at any time.

    Demand is likely to rise as the total production of bitcoins is to be limited to 21 million only. Japan has already legalized it and other countries may follow it soon and the price may hike further.

    I will be covering more on Bitcoins in detail in the upcoming days where you will learn great stuff of bitcoin trading. You can comment your views and ask anything relevant to bitcoins.

    If you found this beginner's guide to Bitcoin Cryptocurrency useful, then do share and like it on social networks.


    5 Benefits of Trading Cryptocurrencies


    When it comes to trading cryptocurrencies, you have to speculate whether the market you have chosen will go up or down in value. And the interesting thing is that you never own the digital asset. Actually, the trading is done with derivative products like CFDs. Let's take a look at the benefits of trading crypto currencies. Read on to find out more.

    Volatility

    While the cryptocurrency is a new market, it's quite volatile because of the short-lived speculative interest. The price of bitcoin dropped to $5851 from $19,378 in 2018, in just one year. However, the value of other digital currencies is quite stable, which is good news.

    What makes this world so exciting is the volatility of the value of crypto currency. The price movements offer a lot of opportunities for traders. However, this comes with a lot of risk as well. Therefore, if you decide on exploring the market, just make sure you do your research and put together a risk management strategy.

    Business Hours

    Typically, the market is open for trade 24/7 because it is not regulated by any government. Moreover, the transactions are done between buyers and sellers across the world. There may be short downtimes when the infrastructural updates take place.

    Improved Liquidity

    Liquidity refers to how quickly a digital currency can be sold for cash. This feature is important as it allows quicker transaction times, better accuracy and better pricing. Generally, the market is kind of illiquid as the financial transactions happen across different exchanges. Therefore, small trades can bring large changes in the prices.

    Leveraged Exposure

    Since CFD trading is considered a leveraged product, you can open a position on what we call "margin". In this case, the value of the deposit is a fraction of the trade value. So, you can enjoy a great exposure to the market without investing a lot of money.

    The loss or profit will reflect the value of the position at the time of its closure. Therefore, if you trade on margin, you can earn huge profits by investing a small amount of money. However, it also amplifies losses that may exceed your deposit on a trade. Therefore, make sure you take into account the total value of the position prior to investing in CFDs.

    Also, it's important to ensure that you are following a solid risk management strategy, which should involve proper limits and stops.

    Quick Account Opening

    If you want to buy crypto currencies, make sure you do so through an exchange. All you need to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process may be restrictive and take a good deal of time and effort. However, once the account is created, the rest of the process will be quite smooth and free of complications.

    Long story short, these are some of the most prominent benefits of crypto currency trading in the here and now. Hopefully, you will find this article quite helpful

    Cryptocurrency Mining



    Cryptocurrency mining is a never-ending game in this digital world. Bitcoin, the first decentralized currency introduced in early 2000. Mining cryptocurrency is a complex procedure of verifying transactions and adding them to public ledger (blockchain). This ledger of past transactions is called the blockchain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. The blockchain is also responsible for releasing new bitcoins. Each of the many crypto coins in presence depend on the core idea of the blockchain.

    Process of Mining

    Cryptocurrency was intended to be decentralized, secure and unalterable. So each and every transaction is scrambled. Once that scrambled transaction happens it's added to something many refer to as a "block" until the point that a settled number of transactions has been recorded. That block at that point gets added to a chain - the blockchain - which is available publicly. During mining cryptocurrency either Bitcoin, Dash, Litecoin, Zcash, Ethereum, & more, the miner has to compile recent transections into blocks and crack a computationally difficult puzzle. There are several online bitcoin mining sites. It has become a very popular way to earn money.
    Cryptocurrency is cryptographic, which means that it uses a special encryption that allows controlling the generation of coins and confirming the transaction. A block is pretty useless in its currently available form. However, after applying the algorithm to a specific block. Upon matching, the miner receives a couple of bitcoins. For earing bitcoin via mining, the miner has to be technical. Bitcoin mining for profit is very competitive. Bitcoin price makes it difficult to realize monetary gains without also speculating on the price. The payment is based on how much their hardware contributed to solving that puzzle. Miners verify the transactions, ensure they aren't false, and keep the infrastructure humming along.

    Best Coins to Mine

    Bitcoins are not a decent decision for starting diggers who take a shot at a little scale. The current in advance speculation and upkeep costs, also the sheer scientific trouble of the procedure, simply doesn't make it productive for buyer level hardware. Presently, Bitcoin mining is saved for expansive scale activities as it were. Litecoins, Dogecoins, and Feathercoins, then again, are three Scrypt-based digital forms of money that are the best money saving advantage for apprentices. At the present estimation of Litecoin, a man may gain somewhere in the range of 50 pennies to 10 dollars for each day utilizing customer level mining hardware. Dogecoins and Feathercoins would return marginally less benefit with a similar mining hardware yet are ending up more famous every day. Peercoins, as well, can likewise be a sensibly fair profit for your venture of time and vitality.

    As more individuals join the cryptocoin surge, your decision could get more hard to mine since the more costly hardware will be required to find coins. You will be compelled to either contribute vigorously on the off chance that you need to stay mining that coin, or you will need to take your income and change to a less demanding cryptocoin. Understanding the main 3 bitcoin mining strategies is likely where you have to start; this article centers around mining scrypt coins. Likewise, make sure you are in a nation where bitcoins and bitcoin mining is legal.

    Goal of Mining

    How about we center around mining cryptocurrency. The entire focal point of mining is to accomplish three things:

    1. Give accounting administrations to the coin network. Mining is essentially every minute of everyday PC accounting called 'checking transactions'.

    2. Get paid a small reward for your accounting administrations by accepting fractions of coins each couple of days.

    3. Hold your personal expenses down, including power and hardware.

    Some Basic Terms

    A free private database called a coin wallet. This is a password-secured container that stores your earnings and keeps a vast record of transactions. A free mining software package, similar to this one from AMD, typically made up of cgminer and stratum. An enrollment in a web-based mining pool, which is a community of mineworkers who consolidate their PCs to increase profitability and wage stability. Enrollment at an online money exchange, where you can exchange your virtual coins for conventional cash, and the other way around. A reliable full-time web association, ideally 2 megabits for each second or faster speed. A hardware setup location in your basement or other cool and air-conditioned space.

    A work area or custom-fabricated PC intended for mining. Truly, you may utilize your present PC to start, yet you won't have the capacity to utilize the PC while the digger is running. A separate dedicated PC is ideal. Tip: Do not utilize a laptop, gaming console or handheld device to mine. These devices simply are not sufficiently successful to generate wage. An ATI graphics processing unit (GPU) or a specialized processing device called a mining ASIC chip. The cost will be anywhere from $90 used to $3000 new for each GPU or ASIC chip. The GPU or ASIC will be the workhorse of giving the accounting administrations and mining work.

    A house fan to blow cool air across your mining PC. Mining generates substantial heat, and cooling the hardware is critical for your prosperity. Personal interest. You absolutely require a solid appetite for reading and constant learning, as there are continuous innovation changes and new methods for upgrading coin mining comes about. The best coin mine-workers put in hours consistently considering the most ideal ways to adjust and enhance their coin mining performance.

    Cryptocurrency Mining Profitability Each time a mathematical issue is comprehended, a constant amount of Bitcoins are created. The quantity of Bitcoins generated per block starts at 50 and is halved each 210,000 blocks (about four years). The present number of Bitcoins awarded per block is 12.5. The last bock halving happened on July 2016 and the following one will be in 2020. The estimation of profitability can be made via use of various online mining calculators. Development of digital currency standards, for example, Bitcoin, Ethereum, and Bitcoin Cash has prompted tremendous ventures by companies and this is required to aid in substantial development of the market in the near future.

    Cryptocurrency mining is a computationally intensive process, which requires network of several PCs for verification of the transaction record, known as the blockchain. The excavators are offered a share of transaction charges and gain a higher probability of finding another block through contributing high computational power. These support transactions help in giving enhanced security to network clients, and guarantees honesty, which is relied upon to be the noticeable factor affecting development of the global cryptocurrency mining market.



    Article Source: http://EzineArticles.com/9974098

    How to Buy a Bitcoin

     


    There is no doubt in the fact that bitcoin trading is slowly taking the world of trading by storm. There is some hype, which says that bitcoin trading can be dangerous and difficult but honestly, it is a lot easier to get bitcoins, even easier than you think it is.

    Here are some simple steps to buy bitcoin:

    · Find A Wallet

    First of all, you have to find an e-wallet. It is basically a store or a provider that offers software from where bitcoins can be bought, stored, and traded. You can easily run it on your desktop, laptop, and even smartphones.

    · Sign Up

    Next, you have to sign up with e-wallet. You will make an account that will let you store your bitcoins. The e-wallet trader will offer you a chance to convert your local currency into bitcoin. Therefore, the more local currency you have, the more bitcoins you can purchase.

    · Connect Your Bank Account

    After signing up, the trader has to connect his bank account with his trading account. For this purpose, some verification steps are to be performed. Once the verifications are performed, then you can start purchasing bitcoins and get started.

    · Buying And Selling

    Once you are done with your first purchase, your bank account will be debited and you will get the bitcoins. Selling is done in the same way purchasing is done. Keep in mind that the price of bitcoin changes time after time. The e-wallet you are working with will show you the current exchange rate. You should be aware of the rate before you buy.

    Mining bitcoin

    There is another way through which you can purchase bitcoins. This process is known as mining. Mining of bitcoins is similar to discovering gold from a mine. However, as mining gold is time consuming and a lot of effort is required, the same is the case with mining bitcoins. You have to solve a series of mathematical calculations that are designed by computer algorithms to win bitcoins for free. This is nearly impossible for a newbie. Traders have to open a series of padlocks in order to solve the mathematical calculations. In this procedure, you do not have to involve any kind of money to win bitcoins, as it is simply brainwork that lets you win bitcoins for free. The miners have to run software in order to win bitcoins with mining.

    Bitcoin is a digital currency that is here to stay for a long time. Ever since it has been introduced, the trading of bitcoin has increased and it is on the rise even today. The value of bitcoin has also increased with its popularity. It is a new type of currency, which many traders are finding attractive just because of its earning potentials. At some places, bitcoins are even being used for purchasing commodities. Many online retailers are accepting bitcoin for the real time purchases too. There is a lot of scope for bitcoin in the coming era so buying bitcoins will not be a bad option.



    Article Source: http://EzineArticles.com/8741594