Wikicoin George Shnurenko

10 Bitcoin Millionaires: People Who Became Rich From Cryptocurrency

📚 Wikicoin
Becoming a millionaire overnight is possible with the right crypto investment.
10 Bitcoin Millionaires: People Who Became Rich From Cryptocurrency

These stories of 10 Bitcoin millionaires prove that there’s nothing impossible, and a smart investment made once can make you go from zero to hero. Let’s find out how people managed to gather their Bitcoin wealth.

Together with revolutionizing the world economy, Bitcoin has irreversibly changed lives of many people– mostly the ones who believed and bet on it. Stories of some of them prove that it’s possible to become a Bitcoin millionaire overnight– such wonders happened. It’s time to read about ten people who have managed to wake up as Bitcoin millionaires.

The list of Bitcoin millionaires 2017

In this Bitcoin millionaires list, we compare the revenue obtained from trading and investing in the currency.

Gavin Andresen

$2 mln

Yufi Guo

$5 mln

Winklevoss Twins

$ 11 mln

Tony Gallippi

$ 20 mln

Jered Kenna

$ 30 mln

Dave Carlson

$ 35 mln

Charlie Shrem

$ 45 mln

Roger Ver

$ 52 mln

Ross Ulbricht

$ 100 mln

Satoshi Nakamoto

$ 1.1 bln

Jered Kenna

This young millionaire started his way as a trader by buying the coins for $0.20 each. A few years later, he sold the coins for $258 each. The man confesses he lost nearly $200,000 when he formatted a flash drive. Therefore, the millionaire could actually earn way more than his $30 mln, hadn't he made a few mistakes. Anyway, the revenue he's received impresses– not so many traders manage to make millions.

jk

Winklevoss brothers

Winklevoss twins were among the first to join the Bitcoin club even when the cryptocurrency wasn't popular at all. They started the career path in Facebook and paid attention to the cryptocurrency at the earliest stage of development. Thanks to wise investment, they have managed to earn $11 mln.

wb

Charlie Shrem

Being among the youngest millionaires from Bitcoin, Charlie Shrem actually started his way as a co-owner of Evr, a well known gastropub in Manhattan. By the way, this place was among the first to accept Bitcoin payments. Initially, Shrem purchased Bitcoins for $3-4. Eventually, he purchased a few thousand more when it reached $20. Later on, he organized Bitinstant- a physical store where people could buy Bitcoins. At the moment, Bitinstant serves as an exchange platform.

cs

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Gavin Andresen

A lot of rumor goes behind the back of this millionaire: Bitcoin creator, Satoshi Nakamoto, has chosen him to be a “successor” to maintain the code of the technology. Some say that Andresen is the mysterious Nakamoto himself– the man denies such claims. Meanwhile, he continues doing his job making Bitcoin easier in maintenance. He has been paid by the Bitcoin Foundation for the help he provided and cashed out a few times. Of course, the payments were accepted in Bitcoins.

ga

Roger Ver

Roger Ver also invested in Bitistant and together with purchasing Bitcoin gave the coin away. Why? To make people learn about this technology: Roger views it as a reliable way to store valuable assets and aspires to make it wipe out the fiat currencies. Therefore, Ver was the pioneer of startup investments. Being a successful businessman before Bitcoin’s popularity wave, he has managed to augment his riches considerably and now donates his riches to charity projects.

rg

Yifu Guo

This Bitcoin kid millionaire started his way in Bitcoin by mining it when he was a student living in New York. A bit later, he created Avalon - the company that specializes in building of mining hardware. The main goal of this initiative is to promote the development of Bitcoin and maintain network availability down the road.

yg

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Tony Gallippi

Tony has long ago become a millionaire: Bitcoin was just another initiative that helped him to multiply his income. Gallippi has a rich experience in financial sphere- he's founded a company that processes payments. In fact, Gallippi’s company focuses on:

  • retail payments

  • real estate

  • bonds and stocks.

His current enterprise, BitPay processes payments worth $1 mln daily and is among the first enterprises to conclude Bitcoin-related agreements with retail stores.

tg

Dave Carlson

Dave Carlson is a self-made millionaire: he invested into equipment and mined hard. After earning enough money he has found MegaBigPower that allowed mining at an industrial scale – the facilities are placed in his basement. Today, he possesses over 2,000 square feet of space where mining hardware is located and was reported to earn at least $8 per month in 2016.

dg

Ross Ulbricht

This Bitcoin millionaire story is pretty sad. Despite its digital nature, Bitcoin is a two-sided coin, and the anonymous character of transactions makes it impossible to track the exchange of the currency. That led to the appearance of dark net and illegal operations done via Net. Silk Road was a black market established by someone called ‘Dread Pirate Roberts’. He’s managed to earn millions even before Bitcoin cost a thousand dollars. In 2013, the FBI finally figured out who the man was – Ross Ulbricht. The man got a life sentence, and his black market was shut down. Therefore, almost 150,000 withdrawn Bitcoins now is at FBI’s disposal.

ru

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Satoshi Nakamoto

Our list wouldn’t be full without Satoshi Nakamoto – the mysterious personality (or a group of programmers) who have created Bitcoin. Here are some facts about him:

  • A few people were suspected to be Satoshi Nakamoto, including a famous mathematician. However, nobody knows for sure who stands behind the cryptocurrency.

  • All attempts to track down the personality of Satoshi Nakamoto failed. Today, only a few email chats with other Bitcoin developers exist.

  • Since there are about 1.1 mln Bitcoins existing, Nakamoto’s wealth is worth over $1.1 bln today.

Who is Satoshi Nakamoto?

Want to be the next to say “Bitcoin made me a millionaire”? There’s still every opportunity for it even despite the end of the era when a coin was worth 20 cents. Everything is possible, if you understand the rules of the game, and can predict the fluctuations of currency. If you need some motivation and inspiration, we hope the stories of these people will encourage you.

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Where to Spend Your Crypto Earnings in 2018

📚 Wikicoin
“Stores that accept Bitcoin near me” used to be a very difficult question to answer, but now there is this list of stores that accept Bitcoin
Where to Spend Your Crypto Earnings in 2018

Bitcoin is fast becoming the means of exchange in many businesses now with its dominance in the virtual currency. As such, many companies now are employing the use of virtual currency, Bitcoin for payment of goods and services.

The emergence of Bitcoins as a means of trade

Now, we have small and big companies who have incorporated cryptocurrency into their operation. We have several online stores that accept Bitcoin in exchange for goods and services. This was not so a few years back.

However, it is important to note that some stores and companies are still reluctant in accepting the use of Bitcoin into their businesses. Some companies are not ready to take risks and they still nurse the fear of virtual currencies. These companies still believe that cryptocurrencies are a high-risk investment and they can’t handle it.

But companies ready to adapt to the new technology have accepted Bitcoin and other cryptocurrencies into their businesses as means of exchange. Below are the lists of online stores that accept Bitcoin and other forms of cryptocurrency.

List of major stores that accept Bitcoin

These are the list of the major stores that accept Bitcoin and cryptocurrency as means of exchange for their goods and services.

1.  Overstock

This retail shop deals with the sales of household items such as laptops, TV sets and pillows. They offer a good number of discount prices for household goods bought. They claim they are the first retailer to accept the use of Bitcoin into their payment methods.

2. eGifter

eGifter runs the sales of different types of gift cards for the various celebrations we have. If you are looking for where to buy that beautiful gift card with your Bitcoin, eGifter is the right place. There, you can convert your Bitcoin into any of the numerous gift cards there.

3.  Harvard and MIT Coop Stores

Harvard and MIT Coop Stores is a campus bookstore that serves the communities of Harvard and MIT. They accept cryptocurrency as part of their payment methods for the sales of their books.

4. Shopjoy

Shopjoy is an Australian online retailer that deals on the sales of novelty and gifts. They accept the use of Bitcoin as payment for their goods and services.

5. Shopify.com

This is an online that gives you the privilege to sell their products online. They also accept Bitcoin as a means of payment.

6. Newegg

This is an electronic online retail store with the site name as newegg.com which accepts payment through Bitcoin. They offer sales if different gadgets, so if you are a gadget lover and you use Bitcoin, you can make your purchase here via Bitcoin.

7. Gyft

Gyft stores give its customers the option of buying gift cards for their loved ones for different occasions and seasons using Bitcoin. You don’t have to worry about cash. When you need to buy that card that will make your loved ones happy, go to Gyft stores and purchase some with your Bitcoin.

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List of companies that accept Bitcoin and cryptocurrency 2018.

Here is the list of some of the big and small companies that accept Bitcoin and cryptocurrency for the exchange of their goods and services.

1. Intuit

Intuit is an American software company that deals on the production of some products like TurboTax. They encourage small business owners to incorporate Bitcoin into their means of exchange by offering PayByCoin into their online QuickBooks invoices.

2. Steam

With more than 125 mln users, they remain the most popular online gaming platform. They have partnered with Bitpay, a Bitcoin payment service to bring every game lover’s cryptocurrency to this online gaming platform. You can purchase your different games online with your favorite cryptocurrency.

3. Wikipedia

Wikipedia foundation which owns the worlds most popular free encyclopedia has started accepting donations in the form of virtual currencies like Bitcoin. The announcement was made via the official blog.

4. Expedia

Expedia has enabled their users to use the Bitcoin payment option in booking for hotels since 2014. The company which teamed up with Coinbase are the largest travel booking agency online. They run flight and hotel bookings amongst other activities. However, they only accept Bitcoin payment in the booking of hotels now, but in future, it is expected they will extend it to other activities.

5. Virgin Galactic

Virgin Galactic is a commercial flight company owned by Sir Richard Branson. This company has other companies integrated under it. These companies include the Virgin Airline and Virgin Mobile. They started accepting Bitcoin as a means of payment for space travel and other services they render since 2013.

6. Zynga

Zynga, an online gaming platform for online gamers which have their headquarters located in San Francisco accepts Bitcoin as part of their payment option for the purchase of games online. They partnered with Bitpay for their Bitcoin payment services. Even, players can now make an in-app purchase using Bitcoin.

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7. Microsoft

The renowned company is known for the production of computer software also accept Bitcoin for their various services. As a Microsoft user, you can now buy your games, movies and apps in the Windows and Xbox stores. You can also buy these things online in Microsoft online stores with the use of your Bitcoin.

8. Tesla

Bitcoin is fast taking over the cryptocurrency market and is rapidly being considered as a trusted means of running different transactions online. This has led to Tesla accepting Bitcoin as a means of payment in the company.

9. Lionsgate Films

This production company known for their blockbuster movies, The Hunger Game and The Day After Tomorrow has employed the cryptocurrency payment option by using Gocoin to transact businesses. This shows how the virtual currency is rapidly being accepted globally as a household name in the running of businesses.

10. Badoo

Badoo is a popular online dating network which has been in existence for a long time now. They have incorporated the use of digital currency for the purchase of premium membership features.

11. Square

Square market is a payment processor which aids micro businesses in accepting credit cards through the use of Android, iPhone or iPad. Recently, they have started accepting Bitcoin as a payment method and they also allow micro businesses use this payment method through their services.

This is an exhaustive list of some of the computer stores that accept Bitcoin. Without a doubt, it is becoming clear that cryptocurrency is becoming the next best thing in the world of finance and trading. Do you still have questions about what stores accept Bitcoin? You can contact our helpdesk.

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WikiCoin CryptoHavens: Cryptocurrencies in Estonia, the Digital Powerhouse

📚 Wikicoin
Estonia sets the example for many European countries with its use of digital solutions for governance. Now, it’s embracing the power of digital currency and Blockchain as well.
WikiCoin CryptoHavens: Cryptocurrencies in Estonia, the Digital Powerhouse

This small post-Soviet country has been consistently ahead of the curve in terms of implementation of digital solutions for governance and citizenship. So, it is perhaps unsurprising that now Estonia is embracing the potential of cryptocurrencies and Blockchain technologies.

Bureaucracy disrupted

The Baltic nation wants to become a truly digital nation, and they are well on their way to being one. As strange as it may sound, Estonia’s growth as a digital powerhouse is a direct result of the cold war.

After the Soviet Union fell, Estonia started rebuilding their country when they bumped into an unexpected problem. Estonia had way too much land and very few people. They quickly realized that it is going to be impossible to govern so few people spread over such large distances.

This is why Estonians started integrating technology into their day-to-day lives since the late 80s and 90s. Instead of focusing on building offices and a governance system at each level, they focused more on creating e-solutions to solve their problems.

That attitude has persisted and it is a big reason why Estonia has become a Blockchain haven and a proponent of, what they call, e-residency. Let’s look at how they have incorporated the Blockchain into various sectors. We will look at two specific use cases.

E-Health

Estonia became the first country in the world to incorporate the Blockchain into their healthcare system. Every Estonian has their health record digitized and stored on a Blockchain. This is especially critical in emergency situations where the doctors can simply use the patient’s ID to get information such as blood type and allergies without losing any time.

KSI

KSI is a highly ambitious Blockchain technology which aims to be deployed in the Estonian government networks. By doing that, all the governmental records will be stored in the Blockchain which will make them completely tamper-proof.

Along with this, Estonia is also planning to develop its government-backed cryptocurrency called “Estcoin” with the help of Ethereum co-founder Vitalik Buterin.

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10 Bitcoin Millionaires: People Who Became Rich From Cryptocurrency

📚 Wikicoin
Becoming a millionaire overnight is possible with the right crypto investment.
10 Bitcoin Millionaires: People Who Became Rich From Cryptocurrency

These stories of 10 Bitcoin millionaires prove that there’s nothing impossible, and a smart investment made once can make you go from zero to hero. Let’s find out how people managed to gather their Bitcoin wealth.

Together with revolutionizing the world economy, Bitcoin has irreversibly changed lives of many people– mostly the ones who believed and bet on it. Stories of some of them prove that it’s possible to become a Bitcoin millionaire overnight– such wonders happened. It’s time to read about ten people who have managed to wake up as Bitcoin millionaires.

The list of Bitcoin millionaires 2017

In this Bitcoin millionaires list, we compare the revenue obtained from trading and investing in the currency.

Gavin Andresen

$2 mln

Yufi Guo

$5 mln

Winklevoss Twins

$ 11 mln

Tony Gallippi

$ 20 mln

Jered Kenna

$ 30 mln

Dave Carlson

$ 35 mln

Charlie Shrem

$ 45 mln

Roger Ver

$ 52 mln

Ross Ulbricht

$ 100 mln

Satoshi Nakamoto

$ 1.1 bln

Jered Kenna

This young millionaire started his way as a trader by buying the coins for $0.20 each. A few years later, he sold the coins for $258 each. The man confesses he lost nearly $200,000 when he formatted a flash drive. Therefore, the millionaire could actually earn way more than his $30 mln, hadn't he made a few mistakes. Anyway, the revenue he's received impresses– not so many traders manage to make millions.

jk

Winklevoss brothers

Winklevoss twins were among the first to join the Bitcoin club even when the cryptocurrency wasn't popular at all. They started the career path in Facebook and paid attention to the cryptocurrency at the earliest stage of development. Thanks to wise investment, they have managed to earn $11 mln.

wb

Charlie Shrem

Being among the youngest millionaires from Bitcoin, Charlie Shrem actually started his way as a co-owner of Evr, a well known gastropub in Manhattan. By the way, this place was among the first to accept Bitcoin payments. Initially, Shrem purchased Bitcoins for $3-4. Eventually, he purchased a few thousand more when it reached $20. Later on, he organized Bitinstant- a physical store where people could buy Bitcoins. At the moment, Bitinstant serves as an exchange platform.

cs

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Gavin Andresen

A lot of rumor goes behind the back of this millionaire: Bitcoin creator, Satoshi Nakamoto, has chosen him to be a “successor” to maintain the code of the technology. Some say that Andresen is the mysterious Nakamoto himself– the man denies such claims. Meanwhile, he continues doing his job making Bitcoin easier in maintenance. He has been paid by the Bitcoin Foundation for the help he provided and cashed out a few times. Of course, the payments were accepted in Bitcoins.

ga

Roger Ver

Roger Ver also invested in Bitistant and together with purchasing Bitcoin gave the coin away. Why? To make people learn about this technology: Roger views it as a reliable way to store valuable assets and aspires to make it wipe out the fiat currencies. Therefore, Ver was the pioneer of startup investments. Being a successful businessman before Bitcoin’s popularity wave, he has managed to augment his riches considerably and now donates his riches to charity projects.

rg

Yifu Guo

This Bitcoin kid millionaire started his way in Bitcoin by mining it when he was a student living in New York. A bit later, he created Avalon - the company that specializes in building of mining hardware. The main goal of this initiative is to promote the development of Bitcoin and maintain network availability down the road.

yg

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Tony Gallippi

Tony has long ago become a millionaire: Bitcoin was just another initiative that helped him to multiply his income. Gallippi has a rich experience in financial sphere- he's founded a company that processes payments. In fact, Gallippi’s company focuses on:

  • retail payments

  • real estate

  • bonds and stocks.

His current enterprise, BitPay processes payments worth $1 mln daily and is among the first enterprises to conclude Bitcoin-related agreements with retail stores.

tg

Dave Carlson

Dave Carlson is a self-made millionaire: he invested into equipment and mined hard. After earning enough money he has found MegaBigPower that allowed mining at an industrial scale – the facilities are placed in his basement. Today, he possesses over 2,000 square feet of space where mining hardware is located and was reported to earn at least $8 per month in 2016.

dg

Ross Ulbricht

This Bitcoin millionaire story is pretty sad. Despite its digital nature, Bitcoin is a two-sided coin, and the anonymous character of transactions makes it impossible to track the exchange of the currency. That led to the appearance of dark net and illegal operations done via Net. Silk Road was a black market established by someone called ‘Dread Pirate Roberts’. He’s managed to earn millions even before Bitcoin cost a thousand dollars. In 2013, the FBI finally figured out who the man was – Ross Ulbricht. The man got a life sentence, and his black market was shut down. Therefore, almost 150,000 withdrawn Bitcoins now is at FBI’s disposal.

ru

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Satoshi Nakamoto

Our list wouldn’t be full without Satoshi Nakamoto – the mysterious personality (or a group of programmers) who have created Bitcoin. Here are some facts about him:

  • A few people were suspected to be Satoshi Nakamoto, including a famous mathematician. However, nobody knows for sure who stands behind the cryptocurrency.

  • All attempts to track down the personality of Satoshi Nakamoto failed. Today, only a few email chats with other Bitcoin developers exist.

  • Since there are about 1.1 mln Bitcoins existing, Nakamoto’s wealth is worth over $1.1 bln today.

Who is Satoshi Nakamoto?

Want to be the next to say “Bitcoin made me a millionaire”? There’s still every opportunity for it even despite the end of the era when a coin was worth 20 cents. Everything is possible, if you understand the rules of the game, and can predict the fluctuations of currency. If you need some motivation and inspiration, we hope the stories of these people will encourage you.

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Which Cryptocurrencies Have Fastest Transaction Speeds?

📚 Wikicoin
What are the transaction speed of Bitcoin, Ripple, Bitcoin Cash, Litecoin, Ethereum, Dash, Augur, Monero, Cardano, IOTA and other cryptocurrencies
Which Cryptocurrencies Have Fastest Transaction Speeds?

The recent push towards Blockchain technology has brought a lot of cryptocurrencies to the scene and many more are on their way. In fact, there are around 1,500 cryptocurrencies out there that are being traded all over the world right now.

With such a high number, it can quickly become overwhelming for an investor to decide on a good investment. Well, among all other factors, speed is a good benchmark to decide which one to invest in.

Obviously, the fastest crypto coin would be your preference, especially when you’re using it for making payments to other parties. In addition, fast transaction times take the frustration out of the process and make cryptocurrencies more desirable.

So, if you’re interested in determining the fastest cryptocurrencies around, here we have detailed everything for you. Read on to find out!

Why is transaction speed relevant?

When it comes to trading in cryptocurrencies, transaction speed refers to the time it takes for the system to complete one transaction. With better transaction speed, the process will be faster and higher customer satisfaction can be achieved.

Factors affecting transaction speeds

In reality, the speed of any given cryptocurrency keeps on varying all the time. Some real-time factors are responsible for that and they should be taken into consideration when determining which crypto coin is the fastest. These factors include:

  • Current average fee

  • Current transaction volume

  • Transaction type being included in blocks’ creation

  • Network conditions

Always remember that the impact of the transaction fee will only be on the first confirmation, which refers to the single block where the miners collect fees. All the confirmations that follow happen because the transaction was already a part of some preceding block rather than the fee being responsible for them.

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Fastest crypto coin options with transaction speeds

Among all other factors, network conditions can also have a direct impact on the transaction speed of any cryptocurrency out there.

So, here we’ve listed average transaction speeds of major crypto coins for the confirmed transactions from the first block. In case, confirmation doesn’t come in the first block then the approximate time can be longer and it depends on network conditions. So, let’s find out which is the fastest crypto coin out there.

1. Bitcoin

The average transaction speed for Bitcoin is 78 minutes. There’s an artificial block size that limits it to only three transactions per second. However, it can be increased by 100 transactions per second. Bitcoin fees are also continuously on the rise and, even when blocks are full, transactions aren’t getting quick confirmations. The current limit on block size is one MB.

2. Ripple

The average transaction speed for Ripple is four seconds. In the last six weeks, daily Ripple transactions have quickly gone over one mln.

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3. Bitcoin Cash

The average transaction speed for Bitcoin Cash is 60 minutes while the current limit on block size is eight MB. Large numbers of confirmations have been received by exchanges as it’s prone to double spend attack. Due to the issues with its stability and security, Bitcoin Cash can keep you waiting for an awfully long time.

4. Litecoin

The average transaction speed for Litecoin is 30 minutes and the maximum capacity is 56 transactions per second. Transaction verification is done instantly and there’s a very low cost involved.

5. Ethereum

The average transaction speed for Ethereum is six minutes. As far as the block generation time is concerned, Ethereum is probably the fastest crypto coin around. According to some earlier tests, its maximum capacity is 25 transactions per second. Ethereum’s scalability has seen improvements with PoS and Sharding as well.

6. Dash

The average transaction speed for Dash coin is 15 minutes and its current capacity limitation is 28 transactions per second. And, with a two MB change in block size, the limit can be doubled to 56 transactions per second.

7. Augur

The average transaction speed for Augur is six minutes. It makes for safe, secure, fast and automated payments.

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8. Monero

The average transaction speed for Monero is 30 minutes and its block size is amongst the most dynamic options around. Theoretically, it can manage 1,000 transactions per second with modern hardware and sufficient bandwidth availability.

9. Cardano

The average transaction speed for Cardano is five minutes and all the nodes on its network can accept transactions and verify them.

10.  IOTA

The average transaction speed for IOTA is three minutes. The good thing is that there are no scaling limitations and transaction fees involved. It continues to get faster as you throw more on it. Besides, for transmitting the current transaction, IOTA requires confirmation of previous two transactions first.

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11.  Steem

The average transaction speed for Steem is three seconds and it doesn’t require you to pay any transaction fees. The technology used by this platform is called Graphene and it’s the same that is used by BitShares.

12.  Stratis

The average transaction speed for Stratis is six minutes. The fee varies according to the transaction and the transactions are made directly through peer-to-peer over its decentralized Blockchain network.

13.  Ardor

The average transaction speed for Ardor is 60 seconds. Recently, quite a few of its transactions were disabled in the main chain for reducing bloating of the platform and improving its performance.

14.  NEM

The average transaction speed for Nem is 30 seconds. In an experiment, NEM’s average transaction rate was determined at 3085.77 transactions per second within an hour. At present, it hosts 10.8 mln accounts.

15.  Stellar

The average transaction speed for Stellar is five seconds. The transaction cost is almost negligible i.e. 0.00001 lumens per transaction.

16.  Spectrecoin

The average transaction speed for Spectrecoin is 30 seconds. It comes with zero transaction fees and offers decentralization with a proof-of-stake method. All transactions are made anonymous with stealth transactions technology.

17.  Golem

The average transaction speed for Golem is five minutes. Its transaction records are entered on the Ethereum Blockchain.

18.  NEO

The average transaction speed for NEO is 15 seconds. It comes with a more streamlined PoS protocol and offers 1,000 transactions per second capacity which can go as high as 10,000 transactions per second.

19.  Electroneum

The average transaction speed for Electroneum is 75 minutes. Its recommended transaction fee remains at around 0.01 ETN. The best part is that a higher transaction fee, up to 0.2 ETN, can be specified should you need faster speed.

20.  BitShares

The average transaction speed for BitShares is two seconds. It utilizes Graphene technology which is also used by Steem along with Business Logic Processor that order matches and process transactions. With referral earning, a part of transaction costs would be yours.

So, these are some of the top rated and most highly traded cryptocurrencies each with its average transaction speed. Now that know what speeds you can expect, you can make investments accordingly and choose the fastest crypto coin around.

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3 Best Dash Mining Pools 2018

📚 Wikicoin
Where to go for the promising Dash coin, and what are the options we recommend
3 Best Dash Mining Pools 2018

Being one of the top 20 cryptocurrencies in the world, Dash is being mined by thousands of people globally. It’s promising, reliable and still relatively easy to obtain in comparison with Bitcoin and Ethereum which take an eternity to generate valid blocks. However, mining alone isn’t always efficient and profitable– users with more powerful hardware get the reward, and there’s always the risk that you’ll stay with nothing.

It is no match for working collectively: together, Internet users unite forces and manage to win many more coins. Where to search for reliable and trustworthy partners? This review of the best Dash mining pool solutions is here to help you out.

What is a mining pool?

Just like other similar pools, a Dash mining pool allows you working with other miners and their devices across the Net to perform complex calculations and generate data blocks. Typically, the reward is split between participants proportionally. That simplifies and accelerates the process of mining.

However, not all websites are equally good for mining– do not rush to join the first community you see. There are a lot of factors to take into account, particularly the methods used to allocate rewards and the commission fee.

After performing detailed best mining pool comparison we have defined three leading portals that are worth being tried. All of them have multiple servers spread over the world which facilitates connection.

1. Slush Pool

In fact, Slush Pool is the oldest mining pool over there: it was founded in 2010 as “Bitcoin Pooled Mining Server” and renamed later. Today, Slush Pool is the fourth largest mining pool which comprises 11.4 percent of hash power overall. It’s not surprising when you consider the fact that is has servers in the US, Canada, Europe, Singapore, Japan and China. The website is said to be stable and reliable, and users also praise it for the simple intuitive interface as well as a wide range of mining options.

If you’re a newbie, Slush Pool is the best mining pool for Dash to familiarize yourself with the process of hunting for coins. For example, you can read the explanation of how payouts are calculated, how you gain scoring hash rate, etc. There’s a demo miner, and both simple and advances interface for more experienced users. You set up your preferences for mining devices you want to work with.

The minimum payout threshold is as low as 0.001 BTC (DASH will be calculated equivalently), though all pay-outs lower than 0.01 BTC is charged with an extra fee. Pool fee is two percent, which is quite democratic.

Slush Pool account
Slush Pool account

2. F2Pool

Also called DiscusFish, F2Pool is based in China and was established in 2013. It has a few servers in China, as well as the US and Hong Kong. This Dash coin mining pool represents about 5.5 percent of overall hash rate and offers a large variety of cryptocurrencies to gain.

Interestingly, F2Pool makes pay-outs daily on a PPS (Payment Per Share) basis of negative three percent. All transaction fees go to the pool. Minimum withdrawal sum is equivalent to 0.005 BTC. There are also some minor but pleasant incentives for miners, for example, for every mined one LTC you get 1,000 DOGE free.

Generally, F2Pool is reliable and efficient, but you need to know the English language to get help from forums– the website is present in Chinese language only. The signup process is a pain in the neck because you need a mobile phone to verify your identity via text message.

F2Pool Interface
F2Pool Interface

3. AntPool

Being the best mining pool in 2017, AntPool stays on the top of popularity and now is the largest mining pool possessing about 25 percent of hash rate worldwide. It features servers all over the world and implements a P2P mining protocol to connect you with other devices quickly.

As soon as you set up your account and start mining, payments will be done on a daily basis if you have managed to mine at least 0.001 BTC. Users are free to select the reward method. Typically, people prefer Payment Per Share (four percent fee on pay-out plus two percent of any transaction). However, there’s also Payment Per Last N Shares– it’s free but AntPool keeps transaction fees.

AntPool website
AntPool website

Mining Pool Comparison

To select the best platform for Dash pool mining, check out the difference between popular mining platforms:

Platform

Pros

Cons

Slush Pool

Reliable and offers servers in different regions

High commission fees

F2Pool

Transparent fee structure, several cryptocurrencies are supported

A mobile phone is required to register

AntPool

Easy navigation and choice of reward mode

Lower payouts

BTC.com

Trustworthy, miners share transaction fees

Problems with website navigation can happen accidentally

KanoPool

No registration process required, low fees

Poor functionality and features

Mining solo requires too many resources and hash rate which can take a bite out of your wallet. Two heads are better than one, and when it comes to mining, the more participants you attract, the higher is your chance to gain coins. With the best Dash mining pools at your disposal, you can multiply your profit exponentially.

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