Artificial intelligence has global scope as it has brought several things for the use of human beings. It has revolutionized the way human beings live and operate in their life. It has brought endless solutions to make daily routine activities easy, simple and quick. We are using some of the most common artificial intelligence applications regularly in our life. But now question is how their artificial intelligence applications develop. It is really very hard to deal with Artificial intelligence development process as it requires a lot of expertise and professionalism to give reality to any new AI development.
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Development of AI requires a lot of knowledge and expertise and it is based on large scale machine learning which is one of the challenging task today. Due to increased popularity of artificial intelligence and machine learning, there is a growing demand of AI platform and other tools. And if you are looking for the best AI platform that provides you great flexibility with development of AI applications then only prefer ClusterOne. With this flexible AI platform, you can build next generation AI applications with no hassle. Through this powerful platform, it is easy to manage the code and project simultaneously with no hassle.
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If you are working over the TensorFlow or similar projects then you may need the best way to manage everything online and remember ClusterOne is most suitable option for you. It was initially developed for the TensorFlow only but now it is supporting all the major infrastructures out there. TensorFlow is the open source library used to develop AI applications. It is not easy to deal with large size of data and ClusterOne makes it easy and simple to handle any size of data and complex models. It is the flexible platform with intuitive interface that helps you run it on all the infrastructures with no hassle. It is providing great support with running deep learning experiments at scale.
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If you have some technical resource then it will be great to employ them to build custom service for your own. Although, large scale machine learning is one of the critical task but if you need help with it then make sure you prefer ClusterOne. It is uniquely developed platform that possesses all the features that you need for machine learning. Basically, a full-featured platform must provide users with a tool kit to build intelligent applications. ClusterOne can be used by data practitioners or engineers to create both the learning algorithms and AI applications. If you are looking for the most innovative yet powerful machine learning platform that helps you smartly in the process then don’t look further than ClusterOne.
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A Brief Introduction To Blockchain – For Normal People
Crypto-what?
If you’ve attempted to dive into this mysterious thing called blockchain, you’d be forgiven for recoiling in horror at the sheer opaqueness of the technical jargon that is often used to frame it. So before we get into what a crytpocurrency is and how blockchain technology might change the world, let’s discuss what blockchain actually is.
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In the simplest terms, a blockchain is a digital ledger of transactions, not unlike the ledgers we have been using for hundreds of years to record sales and purchases. The function of this digital ledger is, in fact, pretty much identical to a traditional ledger in that it records debits and credits between people. That is the core concept behind blockchain; the difference is who holds the ledger and who verifies the transactions.
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With traditional transactions, a payment from one person to another involves some kind of intermediary to facilitate the transaction. Let’s say Rob wants to transfer £20 to Melanie. He can either give her cash in the form of a £20 note, or he can use some kind of banking app to transfer the money directly to her bank account. In both cases, a bank is the intermediary verifying the transaction: Rob’s funds are verified when he takes the money out of a cash machine, or they are verified by the app when he makes the digital transfer. The bank decides if the transaction should go ahead. The bank also holds the record of all transactions made by Rob, and is solely responsible for updating it whenever Rob pays someone or receives money into his account. In other words, the bank holds and controls the ledger, and everything flows through the bank.
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That’s a lot of responsibility, so it’s important that Rob feels he can trust his bank otherwise he would not risk his money with them. He needs to feel confident that the bank will not defraud him, will not lose his money, will not be robbed, and will not disappear overnight. This need for trust has underpinned pretty much every major behaviour and facet of the monolithic finance industry, to the extent that even when it was discovered that banks were being irresponsible with our money during the financial crisis of 2008, the government (another intermediary) chose to bail them out rather than risk destroying the final fragments of trust by letting them collapse.
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Blockchains operate differently in one key respect: they are entirely decentralised. There is no central clearing house like a bank, and there is no central ledger held by one entity. Instead, the ledger is distributed across a vast network of computers, called nodes, each of which holds a copy of the entire ledger on their respective hard drives. These nodes are connected to one another via a piece of software called a peer-to-peer (P2P) client, which synchronises data across the network of nodes and makes sure that everybody has the same version of the ledger at any given point in time.
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When a new transaction is entered into a blockchain, it is first encrypted using state-of-the-art cryptographic technology. Once encrypted, the transaction is converted to something called a block, which is basically the term used for an encrypted group of new transactions. That block is then sent (or broadcast) into the network of computer nodes, where it is verified by the nodes and, once verified, passed on through the network so that the block can be added to the end of the ledger on everybody’s computer, under the list of all previous blocks. This is called the chain, hence the tech is referred to as a blockchain.
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Once approved and recorded into the ledger, the transaction can be completed. This is how cryptocurrencies like Bitcoin work.
Accountability and the removal of trust
What are the advantages of this system over a banking or central clearing system? Why would Rob use Bitcoin instead of normal currency?
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The answer is trust. As mentioned before, with the banking system it is critical that Rob trusts his bank to protect his money and handle it properly. To ensure this happens, enormous regulatory systems exist to verify the actions of the banks and ensure they are fit for purpose. Governments then regulate the regulators, creating a sort of tiered system of checks whose sole purpose is to help prevent mistakes and bad behaviour. In other words, organisations like the Financial Services Authority exist precisely because banks can’t be trusted on their own. And banks frequently make mistakes and misbehave, as we have seen too many times. When you have a single source of authority, power tends to get abused or misused. The trust relationship between people and banks is awkward and precarious: we don’t really trust them but we don’t feel there is much alternative.
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Blockchain systems, on the other hand, don’t need you to trust them at all. All transactions (or blocks) in a blockchain are verified by the nodes in the network before being added to the ledger, which means there is no single point of failure and no single approval channel. If a hacker wanted to successfully tamper with the ledger on a blockchain, they would have to simultaneously hack millions of computers, which is almost impossible. A hacker would also be pretty much unable to bring a blockchain network down, as, again, they would need to be able to shut down every single computer in a network of computers distributed around the world.
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The encryption process itself is also a key factor. Blockchains like the Bitcoin one use deliberately difficult processes for their verification procedure. In the case of Bitcoin, blocks are verified by nodes performing a deliberately processor- and time-intensive series of calculations, often in the form of puzzles or complex mathematical problems, which mean that verification is neither instant nor accessible. Nodes that do commit the resource to verification of blocks are rewarded with a transaction fee and a bounty of newly-minted Bitcoins. This has the function of both incentivising people to become nodes (because processing blocks like this requires pretty powerful computers and a lot of electricity), whilst also handling the process of generating – or minting – units of the currency. This is referred to as mining, because it involves a considerable amount of effort (by a computer, in this case) to produce a new commodity. It also means that transactions are verified by the most independent way possible, more independent than a government-regulated organisation like the FSA.
This decentralised, democratic and highly secure nature of blockchains means that they can function without the need for regulation (they are self-regulating), government or other opaque intermediary. They work because people don’t trust each other, rather than in spite of.
Let the significance of that sink in for a while and the excitement around blockchain starts to make sense.
Smart contracts
Where things get really interesting is the applications of blockchain beyond cryptocurrencies like Bitcoin. Given that one of the underlying principles of the blockchain system is the secure, independent verification of a transaction, it’s easy to imagine other ways in which this type of process can be valuable. Unsurprisingly, many such applications are already in use or development. Some of the best ones are:
- Smart contracts (Ethereum): probably the most exciting blockchain development after Bitcoin, smart contracts are blocks that contain code that must be executed in order for the contract to be fulfilled. The code can be anything, as long as a computer can execute it, but in simple terms it means that you can use blockchain technology (with its independent verification, trustless architecture and security) to create a kind of escrow system for any kind of transaction. As an example, if you’re a web designer you could create a contract that verifies if a new client’s website is launched or not, and then automatically release the funds to you once it is. No more chasing or invoicing. Smart contracts are also being used to prove ownership of an asset such as property or art. The potential for reducing fraud with this approach is enormous.
- Cloud storage (Storj): cloud computing has revolutionised the web and brought about the advent of Big Data which has, in turn, kick started the new AI revolution. But most cloud-based systems are run on servers stored in single-location server farms, owned by a single entity (Amazon, Rackspace, Google etc). This presents all the same problems as the banking system, in that you data is controlled by a single, opaque organisation which represents a single point of failure. Distributing data on a blockchain removes the trust issue entirely and also promises to increase reliability as it is so much harder to take a blockchain network down.
- Digital identification (ShoCard): two of the biggest issues of our time are identify theft and data protection. With vast centralised services such as Facebook holding so much data about us, and efforts by various developed-world governments to store digital information about their citizens in a central database, the potential for abuse of our personal data is terrifying. Blockchain technology offers a potential solution to this by wrapping your key data up into an encrypted block that can be verified by the blockchain network whenever you need to prove your identity. The applications of this range from the obvious replacement of passports and I.D. cards to other areas such as replacing passwords. It could be huge.
- Digital voting: highly topical in the wake of the investigation into Russia’s influence on the recent U.S. election, digital voting has long been suspected of being both unreliable and highly vulnerable to tampering. Blockchain technology offers a way of verifying that a voter’s vote was successfully sent while retaining their anonymity. It promises not only to reduce fraud in elections but also to increase general voter turnout as people will be able to vote on their mobile phones.
Blockchain technology is still very much in its infancy and most of the applications are a long way from general use. Even Bitcoin, the most established blockchain platform, is subject to huge volatility indicative of its relative newcomer status. However, the potential for blockchain to solve some of the major problems we face today makes it an extraordinarily exciting and seductive technology to follow. I will certainly be keeping an eye out.
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.
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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.
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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.
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.
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.
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.
Making the Switch to MetaTrader 5
MetaTrader 4 is the most popular trading platform among Forex traders. It’s free, supported by over one hundred brokers, and offers traders the ability to program their own custom trading systems and indicators in the MQL4 language. In 2010, MetaQuotes debuted the MetaTrader 5 platform, which offers many enhancements over the previous version.
Due to the continuing popularity of MetaTrader 4, active development on MetaTrader 5 and the number of brokers currently offering live accounts, the new version has been slow to catch on. But for serious traders, MetaTrader 5 is worth another look.
The new platform offers many features missing in MetaTrader 4, such as the ability to customize chart periods, new chart objects and indicators, a built-in trading calendar, and support for additional instruments such as stocks and futures. The Strategy Tester allows traders to test systems on multiple currencies, adds forward testing and supports multiple processors and remote agents to speed up optimization.
The MQL5 language is a complete overhaul from MQL4. Many new features are introduced, including object-oriented programming (classes, objects, etc.), structures and enumerations, new data types and event handlers, and much more. Many new functions have been introduced, and existing functions have been changed entirely. Nevertheless, MQL5 is more powerful than its predecessor, and capable of building powerful trading systems.
Even for experienced MQL4 programmers, learning MQL5 can feel like learning a new language. A new MQL5 programmer will have to familiarize themselves with object-oriented programming, learn the new data structures, and work around the many idiosyncrasies of programming in MQL5.
When considering whether to move to MetaTrader 5, the first consideration is whether your trading system will be appropriate for MetaTrader 5. The new version handles orders much differently than MetaTrader 4. In MetaTrader 4, the trader can open multiple orders on the same symbol, each with its own lot size, order opening price, stop loss and take profit. Each order is separate from the others, and for foreign brokers, you can hedge and open both buy and sell orders.
In MetaTrader 5, there is only one position open per symbol. The position is either buy or sell, and as such it is not possible to hedge. The position has a single order opening price, and the lot size is the net sum of all opened buy or sell orders. The position also has a single stop loss and take profit, and if either price is changed, the SL or TP will change for the entire position.
For example, if you open two buy orders of 1 lot each in MetaTrader 5 on the same symbol, you will have a position of 2 lots. The position’s opening price will be a weighted average of both orders’ opening prices. A single stop loss and take profit will be applied to the entire position. If you then open a sell order of 1 lots, the resulting position will be a buy position of 1 lot. If you then opened a sell order of 2 lots, it would result in a sell position of 1 lot. As orders are opened in the opposite direction, the direction of the position decreases or reverses accordingly.
If your strategy depends on hedging, then MetaTrader 5 will not be appropriate for you. If however, your trading strategy opens multiple orders and you want to close out part of the current position at a specified price, then pending orders can be used to scale out of the position. The implementation may change, but you can do many of the same things in MetaTrader 5 that you can in MetaTrader 4.
There are three parts to a trade in MetaTrader 5. An order is a request to open a trade at a particular price. A deal is the fulfillment of an order, and a position is the result of one or more deals. When examining trades in MetaTrader’s history, you can view orders, deals or both. This is markedly different from MetaTrader 4, and will take some practice getting used to. Stop loss and take profit values are listed in the trading log, and you will have to consult the log when testing your trading system.
The MetaTrader 5 Strategy Tester offers significant improvements from the previous version, including multi-currency testing, expanded reports, forward testing and support for multi-core processors and remote testing agents. If you extensively test your expert advisors, the Strategy Tester improvements alone may be worth the time and effort of coding new expert advisors in MQL5.
While MetaTrader 4 and 5 will live side by side for the foreseeable future, the improvements offered by MetaTrader 5 will likely convince sophisticated traders to make the switch.
Mommy, Where Do Bitcoins Come From? Bitcoin Mining Explained
“Mommy, where do Bitcoins come from?” Well, you see, when a shiny young Bitcoin catches the eyes of an ambitious miner, and because they love each other very much…
Wait, that’s obviously too difficult to solve here. Besides, my whole goal is to keep things simple. Anyway, Bitcoins are made by solving complex math problems. This is done by a powerful machine that is built to solve these math problems. This process is called mining. People who own these machines to make money mining Bitcoins are called miners. When a batch of problems is solved it becomes known as a block. Blocks are verified by other users and once they are verified, they get added to what is called the block chain. This chain continues to grow with a new block being added to it roughly every 10 minutes. This chain is really just a master ledger that will continue to grow and never end.
The very powerful machines that mine zap a lot of power and drive up the miner’s monthly utility bill. The reason it takes so much power is the genius of the mathematics involved. It requires the mining machine to perform complex cryptographic algorithms. Once a math problem is solved by the machine, a block of coins is birthed. Every time 210,000 blocks have been created, the reward to the miner is halved. It takes 4 years to accomplish this. So it’s kind of like a Bitcoin Olympics. Currently the block reward is 12 Bitcoins (on June 23, 2020 the reward will only be 6 coins). Those coins goes to the miner whose machine was the lucky lottery winner at that time. There is a winner every 10 minutes. There are also a lot of miners competing out there too. Said miner now has something of value. Mine enough coins and you pay your electricity bill and then some.
There is also another way to mine. It’s called cloud mining. With this type of mining you are paying to use someone else’s network and that cuts into your profits significantly. The positives to this method are that it doesn’t require using your electricity or even buying a machine.
Sounds good to me. I want to start mining now. Is it a good idea and can I generate passive income on a regular basis? Possibly. Hold tight for now and you can make that call later.
Let’s try to break this down.
Going back to the original way of machine mining, you’d have to start with buying a quality mining machine. That would set you back about $2,000. Here is a picture of a good machine (Antminer S9 from Bitmain) capable of creating a high hash rate of 14 TH/s. 1 TH/s is 1,000,000,000,000 hashes per second. This machine does 14 times that. That’s a lot of hashing power. A hash is just a really long number that the machine creates each time trying to solve the algorithm. Again, to use my lottery analogy, all these machines are out there hashing away hoping to be the next winner.
Then, your chances of winning are getting increasingly more difficult with more competition. Further complicating this matter is that each time a math problem is solved, the next problem gets incrementally more difficult to solve. The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks. The number of Bitcoins that will ever be created is finite. That number happens to be 21,000,000. Once we hit that number there can never be another Bitcoin mined again. However, the block chain itself will continue to expand because it is used to verify each transaction or purchase.
Remember that pseudonymous Satoshi Nakamoto I wrote about as well? Did you know that today’s math problems are more than 70,000 times more difficult for the machines to solve than they were we he mined the 1st Bitcoin back in 2009?! The estimate is that the final coin will be mined in 2140 because the system halves every four years (210,000 blocks). There have already been 16,400,000 coins mined (78%) and each coin from here on out will be mined at a much slower rate. Yes, you read that right. Basically 80% were mined in the first 8 years and it will take well over 100 years to mine the final 20%. If any of my great, great, great grandchildren are reading this I hope you are sitting pretty with our family’s Bitcoins now valued at 220,000 per Bitcoin. We can all dream right!
Buying a machine for mining or purchasing a mining cloud contract is risky. While there are some great success stories out there, be sure to research them thoroughly before deciding if mining is right for you. For every person making money, there are plenty of people losing money.
By the way, a great place to see all of the cryptocurrencies out there and their total coins and market cap, Coin Market Cap is a great resource. You can see all 700 plus fly-by-night altcoins out there. An altcoin is just another way of saying any cryptocurrency coin that isn’t Bitcoin. By now you probably know that Bitcoin is like the Rose Bowl, the Granddaddy of them all! I would really try to limit my focus and research on the top 10 for now. Not that there won’t be stories of success from one of the nearly worthless ones now. It’s just that finding one is like picking the right penny stock. Sticking with established companies that are being recognized by the mainstream analysts is a much safer play. The same goes for the exchange you use to buy, sell, and trade. That’s why I use Coinbase to make my trades as they are the most trusted, secure, and convenient exchange. They also have the most thorough vetting process when it comes to adding altcoins.
Here’s a recap of the key points from this article:
-Bitcoins are created from mining
-Mining is done by powerful machines that solve complex math problems. You can also purchase contracts called cloud mining if you don’t want to buy a machine.
-The problems get harder as coins are mined and the rate of production slows down
-As of May 2017, there are only 72 Bitcoins mined per hour (12 every 10 minutes)
-On June 23, 2020, this will be halved again down to only 6 created every 10 minutes
-Nearly 80% of Bitcoin’s finite number 21,000,000 coins have already been mined
-Competition among miners and increasingly complex math problems are making it more difficult to turn a profit mining
-The final coin is estimated to be mined in 2140
3 Strong Grounds for the World of Digital Currency – Cryptocurrency
Welcome to “crypto” world!
– A domain of Blockchain technology
– A market of cryptocurrency
– A closet of Bitcoin payment system.
So, here is the trend or you can term as a “digital currency world” with a great move to go up in the game.
If you are avoiding Bitcoin and cryptocurrency today, then, you will be going to fall in a bad ditch tomorrow. It is actually the present and future of currency that doesn’t know how to cease steps. Since its inception to till date, it is growing and helping many individuals all over the world.
Whether it is Blockchain to record transactions or Bitcoin system for handling entire payment structure or Erc20 token wallet to define rules as well as policies for Ethereum token- everything is going hand-in-hand and towards the new ray of currency in the world.
Sounds great, isn’t it?
Moreover, with the advent of such successful currency mode, many of the firms love to be part of this game. In fact, it’s all about assisting businesses or organizations to get Blockchain technology or cryptocurrency without any hassle through a reliable Blockchain development company. With loads of knowledge and potential, these companies develop this currency and play a vital role in the digital economy.
Just for a nano-second, let if we assume that cryptocurrency won’t exist anymore, then what will happen?
Might be, time will counter-attack on your thought!
Very first launched by Satoshi Nakamoto, Bitcoin was the colonizer and from that initiation, an innovative digital currency evolved with spectrum of good things.
So, the question arises- does cryptocurrency development or its originator cryptocurrency development company will vanish or stay till the end?
Actually, it’s not possible to predict future, but we can say that cryptocurrency or Erc20 or Blockchain or Bitcoin wallet Development Company will be there with same flair of enthusiasm and passion to lend a hand to business verticals and organizations.
John Donahoe, the former CEO of eBay has said- “Digital Currency is going to be a very powerful thing.”
And, it is proving very accurate, as the time crawls.
Actually, it has some valid grounds behind the success of this concept.
Fraud-Proof:
With cryptocurrency, blockchain is associated. So, each transaction is recorded in this public ledger, avoiding any hoax. And, all the identities are encrypted to overcome the identity theft.
Erc20 takes care of all rules and protocols, so no infringement of rules and orders. If you are in, then don’t forget to contact Erc20 development company and get it developed to be within rules.
You are the sole owner:
No third party or no other assistant or no electronic system to evaluate what you are doing. Just you and your client maintaining end-to-end experience. Isn’t it a great concept?
Withal, the settlement is instant and it’s all between you and your vendor without any other disruption. At the end of the day, it’s your call.
Easily Approachable:
Internet has made everything within reach and at fingertips. It plays an indispensable role in digital currency market or exchange market. You will have a better option for currency exchange instead of using traditional and time-consuming ways. And, a wonderful way to be clued-in as an enthusiastic for cryptocurrency sphere.
If you are a business owner and anticipating to welcome cryptocurrency in your zone, always move ahead with a determination shot. Approach a trustworthy vendor or cryptocurrency exchange development discuss everything with all cards opened and then hit the ball in court.
2017 Became the Year of BITCOINmining. Is It Profitable to Do This in 2018,Is It Worth It to Mining?
2017 became the year of BITCOIN mining. Is it profitable to do this in 2018, is it worth it to mining?
Crypto Mining LTD is a proven service offering flexible tariff plans.
Cloud mining allows you to “enter” the production of crypto-currency with relatively low costs, while making a profit (although less than in mining on its own powerful equipment).
Thus, for 2018, you can recommend closer look at cloud solutions, as well as monitor the appearance of new and development of old, but undervalued altcoins, distributing computing power and investment so as to extract what is most profitable for the near future, or has the potential to growth. What will happen in the long term is difficult to predict, since the market of crypto-currency is still weakly predictable.
Bitcoin – is it profitable mining now? As it was already said earlier, by the end of 2017 the complexity of bitcoin mining jumped dramatically. Similarly, the profitability of mining has changed: for example, if on February 20, 2017, earnings on a conditional ASIC miner with a rate of 14 tehrayshes (theoretical maximum for S9) amounted to about 7.99 USD per day, now the daily return will be about 12 USD.
It is important to take into account that such growth became possible only because of the growth of the rate. If BTC was worth about 1000 USD, and revenues would be significantly lower.
It can be assumed that the complexity will continue to grow, and the production of bitcoin will become the prerogative of large farms with sufficient capacities. Mining it alone ceases to be profitable right now, to create a competitive farm, you need big expenses.
Crypto Mining LTD
One of the most popular services among citizens of the United States and United Kingdom. The company’s servers are located in Ireland, which guarantees stable operation and low risk of equipment failure. To pluses it is necessary to carry fifteen languages inside the site for convenience of using clients from all over the world, convenient interface of a site – to the beginning user it will not be difficult to understand the intricacies of work on the site. Also there is online support for consultants 24/7.
The client has 7 fixed tariff plans. Users are offered to rent servers with different types of capacity up to 3125000 Gh / s per customer. The cost of these plans ranges from $ 10 to $ 500,000. To understand how profitable to rent a capacity in this company, you can use the calculator on the main page of the site.
The company’s equipment today:
Hardware based on Solar chips at 16 nm, Neptune at 20 nm, machines – Spondoolies-Tech SP50, Bitmain Antminer S9, AntMiner S7, AntMiner S5, Antminer S3, AntMiner R4, C3SS5 (Smart Heat), Avalon 6, Spondoolies-Tech SP35 for the SHA256 algorithm.
MINER TITAN for the SCRYPT algorithm.
iBeLink DM384M for the X11 algorithm.
New products:
The novelty is the computing devices based on 28 nm chips of the latest models and 16 nm chips BitFury, which are leaders in energy saving.
To go to the company’s website, go to: https://crypto-mining.ltd
Customer Support 24/7
Crypto TREND – Fifth Edition
As we expected, since publishing Crypto TREND we have received many questions from readers. In this edition we will answer the most common one.
What kind of changes are coming that could be game changers in the cryptocurrency sector?
One of the biggest changes that will impact the cryptocurrency world is an alternative method of block validation called Proof of Stake (PoS). We will try to keep this explanation fairly high level, but it is important to have a conceptual understanding of what the difference is and why it is a significant factor.
Remember that the underlying technology with digital currencies is called blockchain and most of the current digital currencies use a validation protocol called Proof of Work (PoW).
With traditional methods of payment, you need to trust a third party, such as Visa, Interact, or a bank, or a cheque clearing house to settle your transaction. These trusted entities are “centralized”, meaning they keep their own private ledger which stores the transaction’s history and balance of each account. They will show the transactions to you, and you must agree that it is correct, or launch a dispute. Only the parties to the transaction ever see it.
With Bitcoin and most other digital currencies, the ledgers are “decentralized”, meaning everyone on the network gets a copy, so no one has to trust a third party, such as a bank, because anyone can directly verify the information. This verification process is called “distributed consensus.”
PoW requires that “work” be done in order to validate a new transaction for entry on the blockchain. With cryptocurrencies, that validation is done by “miners”, who must solve complex algorithmic problems. As the algorithmic problems become more complex, these “miners” need more expensive and more powerful computers to solve the problems ahead of everyone else. “Mining” computers are often specialized, typically using ASIC chips (Application Specific Integrated Circuits), which are more adept and faster at solving these difficult puzzles.
Here is the process:
- Transactions are bundled together in a ‘block’.
- The miners verify that the transactions within each block are legitimate by solving the hashing algorithm puzzle, known as the “proof of work problem”.
- The first miner to solve the block’s “proof of work problem” is rewarded with a small amount of cryptocurrency.
- Once verified, the transactions are stored in the public blockchain across the entire network.
- As the number of transactions and miners increase, the difficulty of solving the hashing problems also increases.
Although PoW helped get blockchain and decentralized, trustless digital currencies off the ground, it has some real shortcomings, especially with the amount of electricity these miners are consuming trying to solve the “proof of work problems” as fast as possible. According to Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin miners are using more energy than 159 countries, including Ireland. As the price of each Bitcoin rises, more and more miners try to solve the problems, consuming even more energy.
All of that power consumption just to validate the transactions has motivated many in the digital currency space to seek out alternative method of validating the blocks, and the leading candidate is a method called “Proof of Stake” (PoS).
PoS is still an algorithm, and the purpose is the same as in the proof of work, but the process to reach the goal is quite different. With PoS, there are no miners, but instead we have “validators.” PoS relies on trust and the knowledge that all the people who are validating transactions have skin in the game.
This way, instead of utilizing energy to answer PoW puzzles, a PoS validator is limited to validating a percentage of transactions that is reflective of his or her ownership stake. For instance, a validator who owns 3% of the Ether available can theoretically validate only 3% of the blocks.
In PoW, the chances of you solving the proof of work problem depends on how much computing power you have. With PoS, it depends on how much cryptocurrency you have at “stake”. The higher the stake you have, the higher the chances that you solve the block. Instead of winning crypto coins, the winning validator receives transaction fees.
Validators enter their stake by ‘locking up’ a portion of their fund tokens. Should they try to do something malicious against the network, like creating an ‘invalid block’, their stake or security deposit will be forfeited. If they do their job and do not violate the network, but do not win the right to validate the block, they will get their stake or deposit back.
If you understand the basic difference between PoW and PoS, that is all you need to know. Only those who plan to be miners or validators need to understand all the ins and outs of these two validation methods. Most of the general public who wish to possess cryptocurrencies will simply buy them through an exchange, and not participate in the actual mining or validating of block transactions.
Most in the crypto sector believe that in order for digital currencies to survive long-term, digital tokens must switch over to a PoS model. At the time of writing this post, Ethereum is the second largest digital currency behind Bitcoin and their development team has been working on their PoS algorithm called “Casper” over the last few years. It is expected that we will see Casper implemented in 2018, putting Ethereum ahead of all the other large cryptocurrencies.
As we have seen previously in this sector, major events such as a successful implementation of Casper could send Ethereum’s prices much higher. We’ll be keeping you updated in future issues of Crypto TREND.
Stay tuned!
DigitalTicks Exchange – An Advanced Cryptocurrency Exchange
DigitalTicksExchange: An advanced cryptocurrency exchange!!!
DigitalTicksExchange is just not another crypto-crypto trading platform. It is designed by traders for traders. The inception of the idea started way back in December 2017. DigitalTicksExchangeteam is coming up with THE FIRST EVER COMMODITY CRYPTO EXCHANGE. The team aims to provide the best trading platform for the cryptocurrency market.
Mission & Vision of DigitalTicksExchange
With the major aim to be in the top 3 crypto currency exchanges in terms of market capitalization, the team has deployed a robust, more powerful and best in class technology required by an advanced cryptocurrency trading exchange 2018 with the intention to be the best online trading platform for cryptocurrency. Our team is dedicated to offer the most customizable exchange platform to the traders and brokers and thereby achieving a step closer to the goal of being the only user-friendly exchange with the ease of trading crypto currency and crypto commodity.
With the increase number of crypto exchanges around the world the cryptocurrency exchange market has seen plenty of new users attracted towards trading these currency swaps but the major challenge for any crypto currency exchange is to tackle with the Security of the exchange and thereby building the Trust and confidence in the mind of the end users. DigitalTicksExchange with its multi cryptocurrency wallet exchange and advanced Security Audit systems and regular vulnerability testing, plans to be one of the most trusted digital currency exchange around the globe.
DigitalTicksExchange team comprises of traders, industrialists. Entrepreneurs, Blockchain enthusiasts. To make the exchange successful DigitalTicksExchange innovative developers have given all the extra efforts to understand the needs and requirements of the traders starting from novice to professional. The platform is customized in such a way that it is easy to use by all the market participants be it a Hedger, Scalper, Arbitrager or Speculator.
Here is the list of few unique features that would be offered on DigitalTicksExchange
Semi-Algorithm Functionality
Single order Portfolio View
Hot Keys Function
Multiple Trading Instruments
Multiple Device Compatibility
DigitalTicksExchange Token (DTx)
DTx is DigitalTicksExchange UTILITY Token. DTx Utility token can be bought using Bitcoin, Ethereum and bank wire transfers. The pre-sale of this token had begun on March 25, 2018, and the Public sale on April 15, 2018. The token sale ended on June 15, 2018.
The team is happy to announce about its successful Token Sale. During the token sale team have sold a total of 64 millions of tokens thereby raising 30 million USD. There are currently 30,000 plus community members of DigitalTicks and the count is growing much faster.
Benefits of trading on DigitalTicksExchange
The trading platform of DigitalTicksExchange is much smoother and offers a great User Interface with multiple functionalities required by the traders. One of the major benefits of using our platform is that the exchange will not charge any transaction fees for the first few months. This can be a great profit oppurtunity for high-frequency traders. We will also offer volume-based incentives to those high-frequency traders going ahead. We love our users and would like to create a fair market for all our registered users thereby helping them trading cryptocurrency for profit by providing regular research reports prepared by our team of expert researchers.
Conclusion
With the incentives like Volume Based model, Maker-Taker Concept DigitalTicksExchangeis focused by providing the ease of doing trading and charging a fair price for a trade. With the aim to be at the top, DigitalTicksExchangeteam is dedicated to provide all tools and support required by any of its traders to trade the crypto currency market. The exchange will be completely developed and launched on or before end of August 2018. The team believes that DigitalTicksExchangewould be the most advanced cryptocurrency exchange platform to trade different crypto – crypto as well as commodity to crypto.!!!!
Can I Create My Own Cryptocurrency?
For you to be in a position to make your own cryptocurrency, here are some of the things for you to follow.
Build A Blockchain
The first step towards a creating the best cryptocurrency is building a blockchain. Blockchain technology is the background and of every cryptocurrency that you see in the world today. A blockchain has contained the details of each cryptocurrency.
It is a ledger that shows the background of every cryptocurrency that you have. It also shows more details of who owned the cryptocurrency coins previously before you.The best cryptocurrencies have a very effective blockchain technology.
Code
All the software’s that you see on the internet are made out of a code. This is the same case with cryptocurrency. Fortunately, a majority of the cryptocurrency is made using the same code. Mainly, cryptocurrencies are made using the C++ code. You can outsource all the codes you need from GitHub and use them to make your cryptocurrency. However, the code will vary from your specifics. If your blockchain is longer and faster you must add programs for that. Generally, programs can vary from one week to several months when making a blockchain.
In order to make the best cryptocurrency, one needs to ensure he has put the greatest level of security to be observed. There are hackers everywhere and it is always your role to alienate the hackers. One powerful tool that has been used to alienate hackers is the use of private and the public key. This is because every key is generated from the previous key. Through the use of cryptography, each key can be traced from the first transaction ever made.
You should also ensure that you create a pool of miners. For a stable cryptocurrency like bitcoin? anyone can be a miner. A miner does two things.
-Creates the crypto coin
-Authenticates the cryptocurrency.
You must form a standard way of creating and authenticating your cryptocurrency.
Access The Market Needs
Many cryptocurrency experts have said that the most important part is accessing the market needs. You should be keen and observe what other cryptocurrencies are not offering and offer them yourself. If we look at the biggest cryptocurrency in the market, today bitcoin.
It was formed to bring a faster transaction in the online world. Bitcoin also gained much recognition because it was able to hide the identity of the users. They remained anonymous but one could still make a legit transaction. These are the most important parts to keep into consideration when creating a cryptocurrency.
To make a very successful cryptocurrency, you need to ensure that you are able to do proper marketing of your cryptocurrency. This means going to merchants and requesting them to accept your cryptocurrency as their mode of payment. These are generally some of the best ways in creating the crypto coin.