Bitcoin Cash Review: All You Need To Know About Bitcoin Cash (BCH)

Bitcoin Cash

When a blockchain is split into two different chains, it is called as a fork in the Cryptocurrency blockchain. That way on Aug 1st, 2017, the fork of the classic Bitcoin was created and called it the Bitcoin Cash. It helps to increase the size of a block hence letting the processing of many numbers of transactions.

Bitcoin Cash In Detail

Regarding scalability, Bitcoin was always sitting in the hot seat from the day it was launched. Notably, during 2010, the size of the blocks was set to 1000 bytes. Also referred as 1 megabyte, created a worry that it will slow down the transaction processing time. This, in turn, will limit the potential of the currency. This is a concerning factor at the time of its peaking business.

Bitcoin code had imposed a limit to stay free from the spam attacks when the bitcoin market was low. Later the size increased, and by 2015, this created a situation in which the transaction time got delayed due to the addition of blocks, and it reached the capacity.

Several proposals were made in due course of time, and the prime focus was on the block size. There was no central management in the Bitcoin code, and hence consent of both the miners and developers were required for making any change. This further led to delay in the processing of the proposals. As a result, groups started creating a blockchain ledger with a current standard and named it as FORK.

To name a few forks like Bitcoin Unlimited and Bitcoin XT was not much accepted by the audience and hence the Bitcoin Cash came into light during August this year. Thus, it is a fork of Bitcoin Classic.

Difference Between Bitcoin Cash and Bitcoin Classic

The block size increased to 8MB from 1MB. It removed the Segregated Witness (SegWit) which is a proposed code adjustment that was developed to free up block space. Block space can be freed up by removing some part of the transaction. Bitcoin Cash aimed at increasing the processing speed and hence make more purchase than before.

Bitcoin cash is expected to compete with Visa and PayPal considered to be carrying out transactions in volume. In line with increasing the block size and improving the speed.

The computer power plays a significant role in processing larger blocks. This will lead to pricing out of the smaller miners. It is indeed a cause for concern. Also, it is a worry among the fork opponents that there will be a threat to the great consensus-driven approach in the Bitcoin classic world.

Future With Bitcoin Cash

Bitcoin cash will develop survival long enough by enticing companies and individuals to make use of the new digital currency. It is managing to build substantial interest to reach a critical mass.

After reaching that point, Bitcoin Cash will become successful and will prompt others to create an alternative to their respective coins.

Thus, Bitcoin Cash will arrest the issue of scalability by increasing the size of the blocks when compared to classic bitcoins.

Reuters Reports: Ex-banker Barry Silbert Now Rich From Cryptocurrency Investing

source: (image reutersmedia.net) DECEMBER 23, 2017 reuters.com FINTECH
by Anna Irrera and Steve Stecklow

HONG KONG/NEW YORK/LONDON (Reuters)

Seventeen months ago, a former Wall Street investment banker who specialized in distressed assets took to Twitter to announce he had bought a cryptocurrency for 50 cents per coin. “At $0.50, risk/return felt right,” tweeted Barry Silbert, founder and chief executive of a private New York-based company called Digital Currency Group, or DCG.

It has turned out to be a great bet. The digital coin – ethereum classic – was trading this week at as much as $47 – more than 90 times higher – before falling back. That’s an even bigger rise than that of bitcoin, a far better known cryptocurrency, over the same period. (Graphic: Ethereumclassic’s rapid rise – tmsnrt.rs/2BmQKBG) Silbert continues to be a big backer. In April, a DCG subsidiary launched a private investment fund that tracks ethereum classic’s price and donates part of its fees to developing the technology behind the currency. He still posts bullish comments about the digital coin on social media, including a “pro tip” last month advising an investor to “close out” his short position before an “Ethereum Classic Summit” organized by DCG was held in Hong Kong. (Read the Crypto Casino series – here)

On Dec. 12, Silbert tweeted that three cryptocurrency funds the DCG subsidiary offers now had more than $3 billion of assets under management – up from $164 million at the start of the year. Silbert’s cheerleading for ethereum classic and other digital coins he or his company own has led some critics on Twitter to nickname him “Barry Shillbert.” Silbert declined to comment on that barb. The story of Silbert and his role in ethereum classic’s rise illustrates the current hype over cryptocurrencies – strings of computer code that aren’t backed by governments, face little regulation and have become magnets for speculators.

Co-Founder of Ethereum - Vitalik Buterin
Co-Founder of Ethereum – Vitalik Buterin

Social media platforms are now filled with predictions by cryptocurrency enthusiasts about the price of bitcoin and other digital coins, many of which have soared in value this year. But two securities lawyers told Reuters they believed that some of Silbert’s social media postings about the price of ethereum classic could draw the attention of U.S. regulators. Although the digital coins are not considered securities, Silbert is chief executive of Grayscale, a DCG subsidiary that offers an ethereum-classic investment fund whose shares are securities, according to Grayscale’s website.

Grayscale Investments Launches $10 Million Ethereum Classic Private Fund
Grayscale Investments Launches $10 Million Ethereum Classic Private Fund

The attorneys said his postings on price and the “pro tip” he gave to one investor could raise red flags with regulators who enforce federal securities and commodities laws and rules that prohibit price manipulation. A spokeswoman for the U.S. Securities and Exchange Commission declined to comment on Silbert. In an interview with Reuters last month, Silbert said he was “highly, highly sensitive” to the rules that govern financial markets and that he and his company are “subject to anti-fraud provisions and insider trading and … all those types of things.” “I would never make a recommendation,” he said. “I’ve never given price predictions.” Silbert later told Reuters that DCG, its subsidiaries and employees “take pride in our strict compliance policies and adherence to all applicable regulations, including company-wide rules and restrictions concerning the trading of digital assets.” Regulators are grappling with how to deal with a new category of investment that this year has spurred billions of dollars worth of daily trades and seized Wall Street’s imagination. This month, two major derivatives exchanges began offering bitcoin futures contracts. But the mania for cryptocurrencies is outpacing regulators’ ability to keep up.

“SO FAR, SO GOOD”

Outside cryptocurrency circles, the boyish-looking Silbert, 41, is hardly a household name. He aims to change that. He told Reuters he aspires to build DCG into a publicly traded conglomerate like Berkshire Hathaway Inc, run by legendary investor Warren Buffett. After beginning his financial career at an investment bank, Silbert set up a marketplace for difficult-to-trade assets called SecondMarket, which he sold to a subsidiary of Nasdaq in 2015 for an undisclosed sum. He launched DCG that same year, devoting it to bitcoin and its underlying technology known as blockchain – a shared public database maintained by a network of computers. The company is backed by large corporations, including MasterCard, Western Union and Bain Capital Ventures. Silbert was an early buyer of bitcoin. He said he made his first purchase in 2012, and bought about $175,000 worth, paying about $11 for each digital coin. He said he was initially a skeptic but came to believe it could provide a better way to transmit funds around the world. “I started buying bitcoin, you know, at probably around seven bucks and my average price of bitcoin was $11. So when it went from 11 to 13, I thought I was a genius. When it fell to 8, I thought I was not,” he said. “But so far, so good.” At one point this week, a single bitcoin was trading for more than $19,600. Silbert said he contributed most of his bitcoin holdings to DCG, which still holds “a significant amount” of his original digital coins. He said DCG now has investments in more than 100 companies in 30 countries, including 20 cryptocurrency trading exchanges. Besides the asset-management business Grayscale, DCG’s subsidiaries include a cryptocurrency broker-dealer and CoinDesk, a leading cryptocurrency news website that reports on the industry and holds conferences.

“GREAT TIP”

Silbert decided to invest in ethereum classic, he said, in part because he believed it was undervalued. On July 25, 2016, he announced on Twitter that he had bought the virtual currency. He has been enthusing about it ever since. Reuters reviewed more than 200 of Silbert’s tweets and retweets about the virtual coin in the past 17 months that were captured by ExportTweet, a Twitter analytics service. On the same day Silbert announced on Twitter that he had bought ethereum classic, he made a prediction: there was a “25% chance” ethereum classic’s value would increase fivefold “in next six months.” In April, Silbert’s involvement with ethereum classic expanded into the more tangible world of securities. That month, his company launched the Ethereum Classic Investment Trust, which Silbert told Reuters was seeded by $10 million from him, DCG and a DCG board member. Grayscale’s website says the fund’s “shares are the first securities solely invested in and deriving value from the price of” ethereum classic. It says the private investment vehicle isn’t registered with the SEC, in accordance with a regulatory exemption. The SEC has allowed the sale of such offerings, which are still subject to federal securities laws. Grayscale manages three such funds, each investing in a different cryptocurrency: ethereum classic, bitcoin and Zcash. The funds offer an alternative for investors seeking to gain exposure to digital currencies without actually holding them. The Ethereum Classic Investment Trust is open only to so-called “accredited investors” with more than $200,000 of annual income or a net worth that exceeds $1 million. Earlier this week, Grayscale’s website said its shares had soared more than 800 percent in value since its inception. The fund’s holdings this month surpassed $140 million at one point. Silbert declined to say how much ethereum classic he personally owns. Silbert recently began using another messaging platform, called Discord, that is popular with cryptocurrency enthusiasts. In a series of messages on Discord on Nov. 7, Silbert texted a user who goes by the handle “Sinz” and asked if he would be attending an ethereum classic “summit” DCG was going to host in Hong Kong the following week. ”Sinz“ replied that he had to attend a family funeral. Silbert responded: ”oh man, sorry to hear my friend”. pro tip: close out your ETC short before the Summit…”

In a short position, an investor is betting the price will go down; Silbert appeared to be suggesting that ethereum classic’s price might soon rise. Another poster wrote in response on Discord: “Great tip” Sinz later said he ignored Silbert’s advice. Reuters could not determine whether the other poster or anyone else took any action. Ethereum classic was trading at about $14 on Nov. 7, the day Silbert gave the “pro tip,” according to CoinMarketCap.com, a website that provides cryptocurrency prices and other market data. The two-day “summit” was scheduled to begin in Hong Kong on Monday, Nov. 13, and the digital coin surged during the weekend before, surpassing $20 on Nov. 12. Daily trading volume that day reached a record $1 billion. Shares of Grayscale’s Ethereum Classic Investment Trust also rose before the Hong Kong conference. “We have a lot of financial accomplishments over the last 24 hours,” Meltem Demirors, DCG’s director of development, said on stage during the conference’s opening day on Nov. 13. “We had over one billion dollars of ETC traded for the first time ever. Wooo! Are we excited?” The audience clapped. “That’s pretty phenomenal,” she said. DCG’s Grayscale subsidiary put out a press release on Nov. 12 that it had begun the process to list shares of the Ethereum Classic Investment Trust on an over-the-counter trading venue. The shares rose to $16.97 on Nov. 14 from $14.29 on Nov. 10, according to Grayscale’s website. Reuters could not determine if the announcement affected the share price. On Nov. 29, Silbert tweeted that he had been invited to appear that week on the CNBC business television show Squawk Box. “Looking forward to dropping some Ethereum Classic and Zcash knowledge this time around…,” he wrote, referencing two cryptocurrencies tracked by Grayscale investment funds. On the show, Silbert was asked about the price of bitcoin. In responding, he said he currently liked two other cryptocurrencies: “Ethereum classic and Zcash … You’ve got to move into the other digital assets.”

GREY AREA

Reuters asked several securities lawyers to review Silbert’s postings about ethereum classic on social media. “It is risky,” said Trace Schmeltz, a partner at the Barnes & Thornburg law firm. “I think if I were advising Mr. Silbert, I would suggest that he is better off as a cryptocurrency expert at large rather than making specific comments on one particular cryptocurrency in which he has a heavy concentration of holdings.” Referring to Silbert’s message to the investor who was shorting ethereum classic, Schmeltz added: “If you have a fund that is issuing a security and the value of the security rises and falls with the price of a cryptocurrency and you are telling people to close their shorts in that cryptocurrency, that is a problem.” He warned it could be “market manipulation.” On its website, the SEC defines manipulation as “intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security.” Robert Long, a former senior attorney with the Securities and Exchange Commission who is now a partner with the Dallas law firm Bell Nunnally, noted that the U.S. Commodity Futures Trading Commission (CFTC) views virtual currencies as commodities and can “police the virtual currency markets for manipulation and other misconduct.” Long, who is also a former federal prosecutor, said the commission “could take an interest given the nature and timing of some of the statements.” Silbert said he and DCG take pride in adhering to all applicable regulations. The SEC and CFTC declined to comment. Silbert has also tweeted about DCG’s investments in cryptocurrency exchanges, which are used to buy, sell and store digital coins. Getting an exchange to list a cryptocurrency is considered a coup and can spark a price rise because a listing makes the currency easier to trade. One of the companies DCG holds a stake in is BTCC, a Cayman Islands-registered cryptocurrency exchange company run by an American executive, Bobby Lee. On Nov. 3, 2016, Silbert tweeted: “BTCC exchange hints it is planning to add Ethereum Classic.” BTCC eventually launched a digital currency exchange called BTCC DAX in June 2017, with a single trading pair: ethereum classic and bitcoin. In an interview, a BTCC spokesman attributed the decision to list ethereum classic to the coin’s popularity. He said that was measured by “market cap, how much trading volume the coin has, and whether or not our customers have demanded it.” Lee conducted a poll on Twitter in May to determine which digital currencies BTCC should list. He later announced that ethereum classic had finished first. BTCC did not reply to questions about the size of DCG’s investment or whether that investment played a role in the decision to list ethereum classic. Silbert told Reuters that the exchange’s decision was based on its Twitter poll and that he had no advance knowledge of it.

Crypto Trading Strategies: Overlapping Fibonacci Trading Strategy

Most new traders are drawn to Fibonacci tools due to their simplicity and effectiveness. After applying Fibonacci onto your own charts, you’ve probably noticed an overlapping of several different Fibonacci levels, and with it, a confluence of reasons to enter a trading position.

Let’s talk more about the overlapping Fibonacci approach

The reason both new and experienced traders love using Fibonacci retracement or extension tools is because, more often than not, it’s all that’s needed to enter into a profitable trading setup.

When using the Fibonacci retracement or extension tool on our charts, we want to look for a confluence of additional supporting factors. So if price approaches the 50% retracement level and we’re looking to sell short, we would also want to have support, resistance, pivot points, or maybe a 62% extension level supporting our bias to sell short.

As an example, go to any price chart, look for reasonable swing low or swing highs, and just start drawing Fibonacci retracement and extension levels wherever you can. You will almost immediately notice that Fibs start overlapping each other at important levels where the market has a reaction.

For instance, if you draw a Fibonacci retracement in a downtrend from a high to low point, and then do the same for a smaller downward price movement within that larger leg, you’ll probably notice confluence of say, the larger 38% level aligning with the smaller 50% level, or maybe the larger 50% meets up with the smaller 162% level.

Fibonacci confluence gives you a variety of trading opportunities. Whether you’re selling short in an uptrend or looking for buying opportunities in a ranging market, Fibonacci gives you an endless number of ways to profit trading cryptos.

Here are some tips to help make the overlapping Fibonacci strategy work for you and your crypto trading.

  • Don’t limit yourself to Fibonacci tools, use price action, candlestick formations, daily pivot points, trend lines, and round numbers to increase the likelihood price will react to a certain level.
  • Establish rules for confluence. For example, in order to enter a position, you must find at least 3 (or any other number) factors supporting the idea that price will react to the Fib levels.
  • Keep tabs on the latest economic reports and news events to avoid getting stopped out of an overlapping Fibonacci trade.

Nodechain, Inc. (Formerly Vapetek, Inc.) – Mastering The Art of GPU Cryptocurrency Mining of Bitcoin and Ethereum

HUNTINGTON BEACH, Calif., Dec. 20, 2017 (GLOBE NEWSWIRE) — Nodechain, Inc. (OTC Pink:VPTK), (“Company” or “Nodechain, Inc”), has filed an 8K in order to reflect a change in the company’s direction and overall strategy.

On thier website Nodechain Inc. reports SEC filings
On their website Nodechain Inc. reports SEC filings

Nodechain, Inc., formerly Vapetek, Inc., is a US-based company engaged in the blockchain sector and GPU cryptocurrency mining. The company mines high-performing cryptocurrencies with tremendous traction and growth prospects, such as Bitcoin and Ethereum. As a miner, Nodechain will utilize its state-of-the-art GPU mining rigs to solve complex algorithms and process transactions between various consumers. In exchange for contributing computing power to hash and verify cryptocurrency transactions, Nodechain will receive portions of freshly minted cryptocurrencies. The company is focused on expanding its operations into different sectors within the blockchain sector including dynamic cryptocurrency mining applications, blockchain applications, solidity smart contract development, cryptocurrency hashpower leasing, sales, service and B2B cryptocurrency consultation.

Ethereum Cryptocurrency Mining Continues to Impact NVIDIA and AMD GPU Supply
Ethereum Cryptocurrency Mining Continues to Impact NVIDIA and AMD GPU Supply

Andy Ibrahim, CEO of Nodechain, Inc., commented, “I’m proud to announce that we have changed our company’s name to better reflect our future direction. We are confident that cryptocurrency mining and blockchain technology has a large market opportunity in the coming years and we look forward to growing the company and creating shareholder value, while helping to innovate the future of global currency. Nodechain, Inc. is a fully audited and transparent digital asset mining company capable of mining alternative cryptocurrency assets like Electroneum, Zcash and privacy coin Monero. We store our mined Bitcoin and Ethereum in a high-security, state-of-the-art cold storage wallets. As a public company, we bring a new degree of trustworthiness to the ‘Wild West’ world of cryptocurrencies.”

The End of the ICO Wild West? Blockchain Advocates Weigh In On SEC Report
The End of the ICO Wild West? Blockchain Advocates Weigh In On SEC Report

Nodechain, Inc. has acquired high-powered GPU-based cryptocurrency mining rigs to immediately begin its new cryptocurrency mining business operation. The company builds its own flexible, multiple algorithm mineable, GPU-efficient mining rigs from the ground up, saving time and money. The company sees this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in digital assets. Being one of the few publicly-traded cryptocurrency mining and blockchain technology companies, Nodechain, Inc. is well-positioned to provide its shareholders with exposure to the new age digital assets and blockchain technology.

Blockchain Technology Companies
Blockchain Technology Companies

For more information, visit the company’s newly launched website: https://nodecha.in/

(714) 916-9321

Forward Looking Statements

This release may contain forward-looking statements, including, without limitation, statements containing the words “believes”, “anticipates”, “expects”, “intends”, “plans”, “seeks”, “estimates”, “may”, “will”, “could”, “stands to” and “continues”, as well as similar expressions. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Nodechain, Inc., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. Vapetek, Inc. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.

Investor Relations VPTK

teresa@i-businessmanagementllc.com

1-888-827-3451

Source: Nodechain, Inc.

Crypto Wallets: A Review Of The “Exodus” Cryptocurrency Wallet

Bitcoin wallet newcomer Exodus is the next big thing in the cryptocurrency market. The wallet boasts of a versatile design as well as multi-currency features. Exodus was founded in July, 2016 and since then millions of traders have been jumping unto the bandwagon. Despite being one of the new entrants on the market, the wallet has won the hearts of many traders. One of the things that has made the wallet to stand out from the rest is the design. The wallet is all full of beautiful charts combined different personalized features. The platforms offers traders with over eleven cryptocurrencies from different parts of the world.

What is Exodus?

Exodus can be defined as a highly ambitious desktop, which has been designed to offer you with complete control of different assets. It is considered as the first wallet that offers traders with full compatibility with Shapeshifts. This implies that users can access different cryptocurrencies from the comfort of their couches without going through much hassle over the same. Just like other desktop wallets on the market, the platform stores cryptocurrencies directly into the user’s machines. There is nothing like downloading the entire blockchain since it is a lite wallet. The platform is not only user-friendly but also intuitive in nature. The desktop wallet gives users all the bells and whistles they need to control the entire portfolio. It is designed for individuals who have never used an exchange.

Exodus Crypto Wallet Compatibility

The wallet is compatible with Linux, MAC OS and Windows (64-bit). The different users also have an opportunity to join Exodus Movement on Slack. The high level of compatibility has made it more popular among users across the world.

How much does it cost?

The service providers’ charges users a small fee for every payment processed. The fee is, however, not paid to Exodus but to different block chain network such as Litecoin, Ethereum and Bitcoin. The fees is not set in a manual process. The service provider makes money by keeping a small portion of the spread on the asset exchanges. The spreads in most cases range between 1-3 per cent.

How to add currency to your wallet?

Adding currency to your wallet is a breeze. It does not matter whether you have used the platform before or not. The simplest way to add currency to this wallet is purchasing them using your national currency. Once you are done then you can transfer them to your Exodus wallet for storage. The service provider recommends traders to purchase cryptocurrencies from reputable places including CoinBase, which is readily available in 32 countries.

How to make or receive payments?

Users can conduct transactions directly through your Exodus wallet. The users are also expected to pay some transaction fee to the network and not Exodus. In order to send the cryptocurrencies, you need to click on the wallet button located on the left sidebar. Enter the address of the intended recipient and the click send. To receive, you will click the wallet button and then choose the asset you would like to receive at the end.

Pros

  • Intuitive interface
  • Powerful charting tools
  • Ideal for portfolio builders
  • A wide collection of cryptocurrency assets
  • Tutorials and videos for guiding you to set up
  • Designed for beginners

Cons

  • Lacks factor authentication

Try Exodus wallet to know more about its features!

What is the OmiseGO Token And Can It Actually Represent The Future?

OmiseGO is a new company that was created in Thailand and which offers a payment system similar to Stripe for various countries found in South East Asia as well as Japan. But what makes it great is the fact that this is an Ethereum based financial technology.

 

OmiseGo Becomes the First Ethereum Unicorn With a Market Cap of $1 Billion
OmiseGo Becomes the First Ethereum Unicorn With a Market Cap of $1 Billion trustnodes.com

 

What you want to know about it is that this is suitable for the digital wallets and you can get peer to peer value exchange, real time exchanges and all of this is done via fiat money and some decentralized currencies too.

 

 

The system enables a decentralized exchange at a low cost and high volume. It wants to be the next gen value transfer service that you can find on the market. Ideally, this will run across asset types and currencies, as well as across various national borders and so on.

 

Bringing Artificial Intelligence out of the lab: Introducing Omise FacePay
Bringing Artificial Intelligence out of the lab: Introducing Omise FacePay https://www.omise.co/bringing-artificial-intelligence-out-of-the-lab-introducing-omise-facepay

 

The OmiseGO Token will basically allow you to perform a wide range of payments. You can use it to pay online, you can do a payroll deposit, it even works for the trading systems, loyalty programs and so on. Yes, it’s unreleased for the time being, but it does manage to bring in front the ultimate system and method suitable to take our society forward.

 

In the near future, OmiseGO said it will distribute OMG tokens to holders of Ethereum addresses containing over .1 Ether.
In the near future, OmiseGO said it will distribute OMG tokens to holders of Ethereum addresses containing over .1 Ether. https://www.ethnews.com/omisego-prepares-to-widely-distribute-a-percentage-of-omg-throughout-ecosystem-supporting-it

 

Whether we will move towards this type of cash-less system, that remains to be seen. But there is a huge value and quality to be had here, and that can definitely work to your own advantage. It’s a nice approach to have for sure and one that can and will most likely pay off immensely in the long term.

 

OmiseGO proud to support original Ethereum builders @VitalikButerin @gavofyork going fwd into future. We stand together! News coming soon :)
OmiseGO proud to support original Ethereum builders @VitalikButerin @gavofyork going fwd into future. We stand together! News coming soon 🙂 https://twitter.com/omise_go/status/897089480128999424

 

Using the OmiseGO Token seems to be very simple, and the fact that you get to do payments and also receive rewards can indeed pay off. There will even be a messaging platform designed to blur the boundaries between this sort of systems. It really works to your own advantage and it can bring in front some demanding solutions. The system was created a few years ago and the OmiseGO Token system will come very soon. Since its creation, this has managed to help thousands of merchants and the company was even featured in Forbes. Yes, there’s a lot of buzz around what they can do and for a very good reason. This is an extraordinary company that did manage to showcase a lot of incredible features and it continues to grow exponentially.

 

OMG: The Billion Dollar Moon Shot
OMG: The Billion Dollar Moon Shot http://dailycryptocurrency.com/omg-billion-dollar-moon-shot/

 

Whether this will manage to become the future of payments or not, that remains to be seen. But there are always challenges to have when you want to embrace new technologies like this. It’s not going to be a walk in the park, but it will offer a ton of great value and resources. Embracing this will be a good idea and hopefully a lot of people do that. By getting OmiseGO Tokens, you get to validate the blockchain. It’s a lot easier for you to get a good investment this way and the value does tend to shine quite a lot thanks to it. Whether the system will be worth it or not, this requires us to wait and see. But this approach may be the best one yet, so we should consider giving it a shot for sure!

Coinhive Review: How To Monetize Your Website With Monero Mining – Embeddable JavaScript Crypto Miner

To make REAL money using Coinhive (Monero mining) you would need around 10k visitors per month with a HIGH average visit of around 2-3 minutes or more. Any less and it wont be worth your time.

 

(Source Maxence Cornet): I discovered Coinhive 3 days ago on HN, and decided to give it a try on one of my smaller websites, as an experiment. For those who don’t know what Coinhive is, this is their intro on their website : Coinhive offers a JavaScript miner for the Monero Blockchain (Why Monero?) that you can embed in your website. Your users run the miner directly in their Browser and mine XMR for you in turn for an ad-free experience, in-game currency or whatever incentives you can come up with. Basically your visitors/users mine crypto-currencies (Monero here) with their CPU for you in exchange for the content you are providing, it’s a possible alternatives to ads, and a better monetization option in my opinion. I tried it on a website with approx 1k visits a day, with a 0:55 seconds session duration average last month. The objective was to replace the non-intrusive ads I’m currently displaying.

Here are the stats I gathered:

Coinhive dashboard
Coinhive average hash

 

It seems that I’m am constantly between 150–450 Hashes/s, which is pretty low. It seems logical: the website having at any minute between 5 and 15 visitors, that’s an average of 20–25 Hashes/s per user. So I made 0.00947 XMR in 60 hours, a whopping $0.89, that’s $0.36 a day. For this exact website, it’s 4 to 5 times less than what it makes with non-intrusive ads (banner + text only). As stated on Coinhive, the embedded JS miner is well suited for websites with longer sessions duration average. This website isn’t probably a good use case for Coinhive’s embedded JS miner, but from the small sample data I have, it’s not a viable alternative to ads. Hope this helps if you were curious about remplacing ads with Coinhive’s Embeddable JavaScript Crypto Miner !

 

 

Source https://medium.com/@MaxenceCornet/coinhive-review-embeddable-javascript-crypto-miner-806f7024cde8