The digital currency has been on Remarks bench launched globally for eight years. Bitcoin is the most widespread among the 10 crypto-currencies that are traded on the market today. However, this is considered a versatile asset, but is unreliable by the bureaucracy and the financial services industry.
crypto-currency value depends on demand and currency generation rate. The fact is that many people are confused with Bitcoin and its characteristics. It's all about coins but can not find physical currency. Bitcoin is extracted and there is no actual drilling, excavation and mining. In fact, the Bitcoin community dispute claims of an Australian businessman, also called "Satoshi Nakamoto" who discovered this virtual currency. One thing is certain. Bitcoin is an online form or virtual money.
Now, how to find out what is most profitable coin for me ?
Mining is the terminology for the invention of a new coin is the same as finding gold. In real life, mining is just a confirmation of Bitcoin transactions. "Transactions" are placed in boxes with keys called virtual blockchains. Miners use software to get keys to unlock. Once this is done, these new Bitcoins are released as a reward form.
Initially, mining was easy because there were only a few miners in the industry. The Bitcoin Room has finally become larger and more people are interested in finding this digital treasure. Worried miners form groups and share high-priced hardware, processing capabilities and energy costs to find valuable coins. In the end, fashion fades and perceptions are currently only centralized miners can benefit.
CoinWarz has a long list of criptomonedas According to the position of profitability. Some of these are:
- Curecoin (CURE)
- Monero (XMR)
- Ethereum Classic (ETC)
- Ethereum (ETH)
- ZCash (ZEC)
- ZClassic (ZCL)
- Gulden (NLG)
Centralized and selective
The question now is whether the digital currency, decentralization still has to be stable, fully reliable and widely used. This is important for places that need a parallel currency that will generate a reasonable market. The downside is that Bitcoin has not been open for all six years after its release. The only thing that has offered this coin is an elaborate formula of mathematics and economic formulas that was never used by a centralized financial system. It's not even tested to determine whether the procedure responds to market needs. The virtual currency remains centralized and discriminatory.
The essence of a decentralized virtual currency that avoids the control center of the government and the banking system and makes the right path to the market point. Unfortunately, their platform is overflowing with a type of forex service that focuses on decentralized electronic currencies where investors speculate on value and generate profits in US dollars or euros. The financial world is now open to Bitcoin for miners and investors are realizing this cryptus is Bitcoin and-coin.
Curecoin and Monero
At the top of CoinWarz's Curecoin and Moneo list. The first is crypto-eye also known as CURE. It is said to be able to cure the dreaded disease of cancer and other chronic diseases such as Alzheimer's disease. EoBot cloud has an extraction capacity to assist in CURE development. It is considered the easiest, cheaper and more efficient mining of the following:
- Curecoin
- Bitcoin
- Ethereum
- Litecoin
- Dash
- Ripple
- Monero
- Dogecoin
- BitShares
- USD
- Gold
EoBot can any crypto-eye mine if scrypt or based on SHA-256 algorithm. It can also be printed with staking process. Curecoin is a decentralized and open source crypto-eye source out of litecoin 2013.
Moneo is a virtual open source currency created in 2014. It focuses on scalability and decentralization. This currency is based on a protocol known as CryptoNote and has a large algorithmic difference associated with Blockchain unlike Bitcoin. The monero ring depends signature to ensure a certain degree of privacy when the user makes a transaction. This is a digital coin work test that can be extracted using GPU or CPU computing power. No Specific Applications of Integrated Circuits for Moneo. In other words, individuals with desktop computers can extract coins.
Art of Mining
Anyone who is determined that crypto-currency mine must know how to maximize the use of finance and equipment. It is a fact that big money goes to expensive ASIC Bitcoin. If you are not familiar with this process, here is a guide on how to get started.
The first step is to choose the currency of your choice. The so-called virtual currency mining to solve cryptographic puzzles is difficult. Miners providing work evidence are offset by crypto-eyes. More broadly, there are two hash algorithms that prisoners of war are used today. There is a better known alternative but worth a second look.
Preferably SHA-256 algorithm or basic raw processing power. In the past, it was easy to remove Bitcoin with CPU and GPU even at home. It's really different today because of the difficulty level of Bitcoin. Special processors (Asics) are used for mining. Comments This processor is very powerful and complements the increased difficulty of Bitcoin stage. Newly designed chips become obsolete.
Scrypt algorithm applied for large amount of RAM, as well as parallel processing. This is why the GPU-based platform still has a long way to go. Asics for this algorithm, has not moved significantly, so the difficulty level of this currency has not increased as dramatically as Bitcoin.
Congratulations @coin2017! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP