Wikicoin Vera Thornpike

5 Reasons to Invest in Ripple: How to Invest in XRP Most Profitable

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Being one of the Top-10 world cryptocurrencies, Ripple attracts both individual and corporate investors. Here are five reasons for you to become the next XRP owner
5 Reasons to Invest in Ripple: How to Invest in XRP Most Profitable
Contents

Cryptocurrencies used to be one of the most promising investments last year, and both well-established and new assets are on demand now. Although you’re not likely to make 1000% profits like the first investors, you can still turn a dollar by making the right bet.

While Bitcoin, Ethereum and some other coins alike have become too expensive, Ripple is a smart investment under $1. Why do we recommend investing in XRP, and what makes this cryptocurrency special?

What is Ripple?

The answer “Oh, it’s just a Bitcoin analog” is absolutely wrong. Calling it an equivalent means underestimating its value. Ripple is a payment platform that was created primarily for banks and financial institutions. It uses the proprietary XRP cryptocurrency. The network was established by for-profit company Ripple Labs in 2012 and started growing actively when banks and other financial institutions have taken their interest in it at the beginning of 2017.

Despite the fact that Ripple’s Blockchain ledger reminds of Bitcoin’s, it has a few principal technical differences that make up for faster transaction processing. Some accuse Ripple of being highly centralized: while Bitcoin and altcoin transactions are made possible thanks to distributed computing nodes, Ripple transactions are partially managed by Ripple Labs.

What are the advantages of Ripple?

  1. Ripple processes a transaction within 4 seconds. That’s much faster compared to some other cryptocurrencies. Overall capacity is 1,500 TPS (transactions per second).

  2. Ripple-driven transactions have a low fee — such way of payments is more beneficial than ordinary transfers.

  3. Ripple enables international financial transactions and can be used to send and receive payments in both fiat and cryptocurrency.

  4. Payments are available worldwide, and financial transfers are instant. That’s why Ripple is a better option than Western Union or international bank transfers.

Thanks to abundant Ripple investment flowing from over 100 banks, this platform is evolving quickly, and it may soon revolutionize the way we process payments.

Ripple TPS rate is growing
The number of TPS processed by Ripple is growing constantly

5 reasons to invest in Ripple

Now, when you have a better understanding of how it works, it’s time to find out why to buy Ripple.

1. Advanced transaction protocol

We all can agree that the current financial system leaves a lot to be desired. Sending money to people who aren’t clients of your bank is a long, tiresome process. Sending money abroad is even a bigger pain in the neck.

This is where Ripple comes into play. Thanks to the Ripple Transaction Protocol, we can transfer digital currencies, fiat currencies, and even information in a jiffy. No third-party agents are required — Ripple makes the process incredibly simple by sending the money via a digital channel safely and quickly.

Yet, both participants of the exchange process have access to a secure channel, which eliminates possible risks and threats. Therefore, XRP is equally useful for banks and individuals. “Should I buy Ripple for making minor transactions and transfers?” — you can ask. The answer is a resounding ‘Yes!’

Ripple is a great alternative to banking transfers
Ripple is superior for quick and safe transactions: it saves both money and time

2. Ripple will improve the banking system instead of erasing it

Of course, the vast majority of crypto enthusiasts share Peter Diamandis’ utopian opinion:

“At its core, Bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”

But thinking that banking systems will fall into oblivion is naive. Digital currency will stay here, but we are more likely to witness its integration into everyday life with the help of giants of the financial world — large banks.

With this point in mind, we can assume that Ripple Labs took a smarter approach: instead of opposing itself to banks, Ripple offers a mutually beneficial partnership. At the moment, over 100 banks have become Ripple investors and initialized the process of XRP integration. Those include:

  • Cambridge Global Payments

  • Star One Credit Union

  • BBVA

  • SEB

  • SBI Remit

  • eZforex

It is said that Ripple can successfully replace SWIFT payments, though its TPS is still on the substandard level. So, is Ripple a good investment for banks? Like any other for-profit institute, banks want money and cost-efficient ways of performing operations. Using Ripple saves a bank $3.76 per payment, which sums up to saving $564,000 every year.

3. XRP is backed up by a brilliant team

Let’s not forget that the ICO success depends on who’s behind the project. Many digital currencies don’t even hit the market because their incompetent creators don’t know the right methods. In 2015, the Ripple team managed to gather venture capital worth $55 mln in one funding round — apparently, these guys knew how to cast their project in the best light. Money continues to flow as major banking sphere players take their interest in this cryptocurrency.

Major corporate Ripple investors
The impressing list of major Ripple investors

 

There’s one particular investor to support Ripple: Google. In fact, the corporation was among the first contributors because it saw the potential to facilitate and protect payment. Google can’t make mistakes, right? Aside from Google and Apple, Ripple invest is made by Airbnb, Asana, BuzzFeed, Coinbase, Facebook, Twitter, and Snap.

4. XRP price predictions are promising

Is Ripple worth buying? One of the main aspects to consider is XRP price prediction. Although we are witnessing a minor price fall, Ripple is expected to overcome $1 threshold by the end of 2018, or even go back to $3.5.

According to the current predictions, many Ripple experts agree that its price can increase to $200–300 in 10 years. If Ripple becomes a de facto payment asset for banks, it can reach the price of $20 very soon. Besides, since the company continues heating up investors’ interest, XRP can become less volatile.

Here are the forecasts present on WalletInvestor:

XRP forecasts differ
Ripple forecasts 2019–2025 from different sources

 

5. Ripple is cheap and available

Ripple is still one of the cryptocurrencies under $1, so investment won’t take a burden on your budget. The coins can be bought on any popular crypto exchange — finding a suitable sum isn’t a problem. The average daily Ripple turnover on major exchange website is about $1–6 mln, which proves the currency is highly desirable.

How to invest in Ripple?

Now, when the plethora of XRP advantages is described and you know why to invest in Ripple, let’s find out how it can be done.

  1. Create a Ripple account. There’s a myriad of reliable XRP exchanges that allow keeping Ripple right on your account. Bitsane, Bitfinex, Poloniex, and Kraken are among leaders. Alternatively, you can use a special Ripple wallet. No matter which exchange website you choose, the process of buying XRP is the same.

  2. Buy Bitcoin or Ethereum on Coinbase. As soon as you have Ripple account created, you need the currency to buy it. Buying crypto in Coinbase is very simple: create an account and proceed to the Buy/Sell page to submit your request.

  3. Transfer your ETH or BTC to your Bitsane account. Open your Bitsane account, proceed to Balances → Wallets, and check the coins you hold on your account. Click on Bitcoin (or Ethereum), and you will see a wallet address generated. Go back to Coinbase, select ‘Accounts’ and ‘Send.’ The window for sending Bitcoin will be opened: here you should paste the address generated in Bitsane.

  4. Now you can finally buy Ripple. For executing Bitcoin-Ripple transactions on a regular basis, you can save the pair as a pattern and keep it pinned to the top of Bitsane homepage.

If you want to reap maximum benefit from your investments, be patient: it may take Ripple a few years to maturate and start thriving. However, the profits are definitely worth waiting. By the way, if you prefer cold storage and want a reliable XRP storage solution, consider a hardware cryptocurrency wallet. It will keep your XRP safe and secure, and you won’t be tempted to panic sell the currency in case of serious fluctuations.

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Bottom Line

“Should I invest in Ripple?” — you wonder. More likely yes than no. Like any other cryptocurrency, Ripple is volatile, and investment isn’t devoid of risks. However, considering the low price and low entry barrier coupled with optimistic XRP predictions, buying some XRP is a smart decision. Your humble investment can come to quite a sum in a few years.

You never know when Ripple will skyrocket — the crypto market seems to be in a never-ending fever. But XRP is one of the most technically advanced digital currencies with a strong team and rich investors backing it up. The guys from Ripple Labs are tight-lipped about the project, and they will surely take new steps in the direction of ultimate superiority on the crypto market.

So, hurry up while Ripple is still cheaper than $1 — don’t let your golden opportunities slip by!

*** Please note that every investment and trading move involves risk, you should conduct your own research when making a decision.

Wikicoin
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Wikicoin Vera Thornpike

Best Bitcoin Mining Software 2019

Wikicoin
Want to try your luck by mining Bitcoin? Find out which Bitcoin mining software is more likely to get you riches in 2019
Best Bitcoin Mining Software 2019
Contents

Bitcoin mining is a must for transaction verification and confirmation on the Blockchain network. The process is performed with the help of specific equipment and tools. If you already have a juggernaut rig, don’t rush to start the process – you will need special software first.

How to become a Bitcoin miner?

Becoming a Bitcoin hunter involves getting the best Bitcoin mining hardware, too. However, that’s only a part of the deal. Once the hardware is bought and installed, you need to have it up and running. The necessary steps are:

  • Getting the best BTC mining software;
  • Setting up your Bitcoin wallets;
  • Starting to mine.

What is Bitcoin mining software?

Bitcoin mining software works in collaboration with the relevant hardware to solve computational algorithms on the network and execute these transactions. This is what directs the computational power in the right direction and helps you to get the maximum out of your equipment.

What should I consider?

When it comes to Bitcoin mining, you should approach the task with all responsibility and seriousness. We have already discussed that Bitcoin mining isn’t really profitable anymore, but if you’re determined to give it a chance, you will need to research and strategize. There’s a wide range of factors that should be taken into consideration.

Be ready for enormous expenses
What does Bitcoin mining profitability depend on?

Seem to be too complicated? As soon as you get a better insight into each aspect and check out the market for possible solutions, you will be able to make the right informed decision.

Now that we have a clue about the requirements for mining, it’s high time to review the most cost-efficient and suitable software solutions for Bitcoin miners.

CGMiner: Best overall performance

Written in C languages almost seven years ago, CGMiner is a versatile solution that supports numerous operating systems. It works with both FPGA and ASIC hardware, and features command line control that allows for overall mining process monitoring, including:

  • fan speed control;
  • hash rate;
  • interface options;
  • network schedule;
  • support of mining pools.

CGMiner boasts smart failover technologies. New blocks are detected automatically, and you will enjoy easy setting management (the menu is a no-brainer). Note that submissions can be saved in cache in case of network failure.

CGMiner works with various ASIC mining hardware options. Though lack of GUI might be a drawback for some, CGMiner is still simply the most recommendable option.

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EasyMiner: Best GUI front-end for multiple tools

This GUI-based software runs on Windows, Linux, and Android. It makes mining simple thanks to the interactive GUI. It starts working instantly using the machine CPU. Every cryptocurrency has various command line tools, but with EasyMiner, the situation is different: it has a simple graphical interface through which you will easily understand the bolts and nuts of mining process navigation. Adjusting settings and doing other activities is extremely simple.

For BTC, it performs ASIC mining and other hardware options. There's also a "Solo" mode for using a pool of your own, and custom hash options for the cryptocurrencies you like. This software uses the proprietary protocol to boost safety for both the pool and wallet.

BFGMiner: Customize the process

If you need something as good as CGMiner but for working with application specific integrated circuits (ASICs), BFGMiner is exactly the thing. Flexibility and easy customization make it the best software for Bitcoin mining – it’s designed specifically for the SHA256 mining algorithm. Like other decent crypto mining software solutions, it allows you to be connected to numerous mining pools.

Besides, BFGMiner saves electricity by limiting the connection if some certain mining pool doesn’t respond. Like CGMiner, it offers a command line interface and is an open-source solution. To top it off, BFGMiner features:

  • a network proxy server;
  • submission to numerous threads;
  • proprietary mining protocol (no proxy);
  • restarting of idle threads;
  • detailed data statistics of the mining process.

The software can also check the temperature, and BFGMiner comes packed with drivers for BTC.

BitMiner: Cross-platform compatibility

Why is BitMiner special? First, it features a proprietary mining pool. Secondly, this is a versatile solution for BTC mining. It runs on different operating systems, and no installation is required for this java software. The suite boasts a comprehensive GUI that's incredibly easy to navigate.

BitMiner interface is simple and intuitive
BitMiner user interface

The extra layer on this cake of benefits is that 99% mining profit goes to the user. The whole gamut of ASICs will work with this suite. Considering the large number of BitMiner users, you need a worthy ASIC to reap the gains.

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MultiMiner: Easy in use

If you’re new to crypto, consider this graphic user interface based mining software. It works equally well with all widespread operating systems. Its mining engine works with various mining hardware and lets you select the coins you'd like to get. Besides, users have the possibility for remote control over MultiMiner rigs.

Being an open-source software, MultiMiner works with all possible devices. To top it off, MultiMiner provides detailed instruction on how to connect the pool once the software is installed. Despite that fact that the software is free, you have the option of sending 1% of the profits you make from mining to the developer. It is not compulsory, and you’re free to opt out at any time.

MultiMiner dashboard
MultiMiner dashboard is a no-brainer

BitMinter: Simplicity coupled with versatility

BitMinter exploits its special mining pools. The software is simple in use, and it supports all popular OS. Although the program is totally free, it charges 1% commission for mining. That’s a pretty fair deal considering the convenience and efficiency you enjoy.

Miner Server: Best for cloud mining

Want to start Bitcoin mining but are not ready purchase an expensive ASIC? Then you should try cloud mining, but remember that only large computing power will bring you some benefits. There’s no need to buy a long-term contract, either – Bitcoin mining difficulty is soaring day by day.

When you start working with Miner Server, you have to join a mining pool and share profits with other users. There’s a large variety of packages with basic cost as low as $0.14. Depending on chosen package, the hashrate ranges about 250-600,000 GH/s. All the tariffs last for one year, and you can manage your Bitcoin earnings and other settings using the account.

You can get extra hash power for free using your reference number for the affiliate program. There are no additional maintenance charges, which makes this platform highly profitable.

Phoenix Miner: Optimal option for minimizing your efforts

This is a free and open-source mining suite that was created by two Bitcoin community members in April 2011. Phoenix Miner also provides support for RPC, w/LP, and MMP. Its kernel loads automatically and the better version will always be adopted.

Bottom Line

Although Bitcoin mining isn’t very beneficial today, you can still try your luck. The truth is that you will need to be ready for huge expenses: electricity, equipment, maintenance – all of that will take a bite out of your wallet. Luckily, Bitcoin mining software is usually free, and there are still decent solutions around.

Start your mining career with a good mining suite, and you will double your chances of making Bitcoin riches in 2019. Bitcoin has a very promising future, so your investment might be compensated down the road.

Wikicoin
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Wikicoin Alex Morris

Best Cryptocurrency Mining Hardware in 2019

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From old Samsung smartphones to monstrous ASIC miners that will cost you a fortune – U.Today reviews the best cryptocurrency mining hardware of 2019
Best Cryptocurrency Mining Hardware in 2019
Contents

With Nvidia, the world’s leading GPU producer, being hit by a class action lawsuit by a group of indignant miners, the future of cryptocurrency mining doesn’t seem that bright (to put it softly). Nevertheless, U.Today reviews the best mining hardware for those who decided to enter the yo-yo market.  

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A perfect buying opportunity?

Unless you have free electricity or plan to heat your apartment with GPUs whirring in the background, there is very little incentive to continue mining – Bitcoin price dramatically plunged by 80 percent in 2018. Along with BTC, the prices of mining hardware caught up with the trend. For example, you can now buy GIGABYTE’s Radeon RX 570 4 GB for only $183.98 (a world of difference from its hefty $600 price tag). As U.Today reported earlier, GPUs are currently being sold at embarrassingly low prices worldwide.

GPU

A quick look at types of mining hardware

  1. CPU. Fun fact: the first-ever block of Bitcoin (‘Genesis Block’) was mined by Satoshi himself on his own PC. Early Bitcoin adopters could mine the first cryptocurrency on their own computer! Pentium4 PC could mine up to 100 BTC in 2010.    

  2. GPU. As the mining space was getting more competitive, the code that allowed using graphics cards for mining was introduced on Sept. 18, 2010.   

  3. ASIC. The bloodbath began in 2013 when ASICs, specific chips for mining Bitcoin, were introduced. They started greatly outperforming GPUs and FGPAs (the latter never caught up with miners).            

Best Cryptocurrency Mining Hardware in 2019

Bitcoin mining – yay or nay?

Bitcoin, despite the sharp profitability drop, remains the king of crypto, and the global mining industry that generates billions of dollars is not going anywhere. If you want to purchase a perfect cryptocurrency miner, here a few suggestions that might come in handy:

  • Innosilicon T3. This is one of the most powerful miners on the market with a whopping 43 TH/s hashrate. The first batch is expected to be delivered to buyers as soon as in January 2019.   

  • GMO miner B3. B3, which was released in November 2018, is yet another juggernaut on the list with 33Th/s of hashing power. However, GMO recently called it quits with its mining business, and for a good reason – B3 is one of the worst miners by profitability (you would actually start losing $4.52 per day when running this miner).

  • Ebit E11+. By offering 37 TH/s of hashing power, this miner easily stands out among its competitors. Given that Bitcoin price currently stands at $3,818, it can offer miners a $2.65 payout (well, at least it’s profitable!).        

  • Antminer S9 (‘oldie-but-goodie’). Antminer S9 has acquired the legendary status in the ASIC space due to its immense popularity. Currently, 2016 fails to generate any profit, but Bitmain is not there to cede ground to a slew of competitors that easily – the Beijing-based behemoth presented its next-generation Bitmain S15/ T15 miners back in September.           

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Ethereum mining hardware options

In November, technology firm Susquehanna revealed that the mining profitability of a GPU mining rig plunged to zero. Bitmain also brought new things to the table by introducing E3 ASIC, the first ASIC that is specifically designed for mining Ethereum). Subsequently, the fact that the Beijing-based behemoth set its eye on Ethereum became a matter of concern for many community members given Bitmain’s near-monopoly status.

Ethereum mining hardware options

When comparing GPUs to ASICs, it is worth mentioning that graphics cards have a sizeable advantage when it comes to depreciation. As mentioned above, ASICs are specifically designed for mining a given cryptocurrency, which means that a spike in mining difficulty could make the likes of E3 obsolete.

Mining ZenCash, Zcash, and other Equihash-based coins

Back in July, Zcash (ZEC) became the most profitable cryptocurrency to mine, showing 400 percent better results than Bitcoin and other PoW-based currencies. Miners could generate an $8,000 ROI with Antminer Z9 mini in two years.

ASICminer Zeon 180K is yet another beast on the market that could mine up to 10 ZCash per day with hashrate of about 180ksol/s. Moreover, this is the first water-cooled miner that went into the mainstream, which means that you can barely hear it working (just keep an eye on that tank reservoir!). At the time of writing this article, it remains the second most profitable miner on the market.

Mining ZenCash, Zcash, and other Equihash-based coinsYes, this unicorn comes at an insane price – $20,000. Hence, many speculate that it would be more efficient to simply fork out this money on several Bitmain Antminer Z9s. One of the reasons why anyone would want to buy ASICminer Zeon 180K, which will most likely stay with you forever, is to do their part in disrupting Bitmain’s monopoly.

Decred or SiaCoin? Meet the mining juggernauts  

MicroBT Whatsminer D1. This is one of the most powerful ASIC miners, which offers an eye-popping 48Th/s. It’s based on the Blake256R14 algorithm, which means that Decred (DCR) is the only currency you can mine with that hardware.    

MicroBT Whatsminer D1.

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Taking into account the average price of electricity ($0.12 KWh per hour), it’s one of the very few ASICs that remain profitable during the prolonging crypto winter. At the time of writing this article, it could make $10.31 per day.  

Obelisk SC1, a $4,000 miner that is specifically designed for mining Siacoin (SC), is the most profitable miner as of now: it could generate up to $20.69 on a daily basis!  

Obelisk SC1

Fire up your CPU to mine altcoins!

CPU Bitcoin mining stopped being relevant in 2010, but there are still plenty of coins you can simply mine on your laptop. That essentially explains why XMR is the most popular coin with cryptojackers who stealthily install mining software on other computers.   

Monero is the only major coin on the block that can be still mined with CPU in 2018 given its resistance to ASIC hardware. However, it is still a much better option to go with GPUs given that CPUs may not give you the desired payout for months.

NB! It’s not the best idea to mine Monero with your laptop (even if it has a top-notch Intel Core i7 9700K) given that they have a tendency to overheat.

AEON is one of the most CPU-friendly coins due to its CryptoNight-light PoW algorithm. Aeon usually mines 3x of XMR.

While Bitmain, the Beijing-based ASIC producer is struggling to hype up its IPO, CPUs are on the verge of making a comeback. The VerusHash 2.0 algorithm, which was introduced on Dec. 21, is supposed to be the fastest CPU mining algorithm in the world, according to the team’s blog post.

Here’s how you can mine crypto with your smartphone

There are many coins that can be simply mined with the help of your phone. Case in point: Electroneum.

Electroneum (ETN) is a cryptocurrency that was launched in September 2017. Electroneum also helps its users to escape the ASIC hegemony with the help of the above-mentioned Cryptonite-light algorithm. The modus operandi is extremely simple – you have to download an Android app to start mining crypto.

It’s worth mentioning that some of the reviews are not particularly flattering with users calling the project an outright scam. The plethora of fraudulent apps that allegedly let users mine cryptocurrencies even forced Google to ban all mining apps from its Play Store.    

Of course, it’s not the best option to use your smartphone for Bitcoin mining – it would take months to generate a tiny fraction of 1 BTC. However, back in 2017, C-Lab, an engineering team from Samsung, managed to come up with a creative way to utilize old Galaxy S5s by building a full-fledged mining rig.      

 

The construction reportedly outperformed a powerful desktop computer
The construction reportedly outperformed a powerful desktop computer

The bottom line

As you can see, the cryptocurrency mining market is saturated with all types of hardware – from your old smartphone to super-powerful ASIC miners that cost up to $20,000. It just goes to show you that everyone can dip their toes in that nascent industry even during the crypto rout.

U.Today wishes you safe and profitable mining!

Wikicoin
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Wikicoin Vera Thornpike

Best Monero Mining Pools 2019

Wikicoin
Getting Monero without breaking a sweat? It’s possible thanks to the top XMR mining pools. Discover the most reliable and efficient Monero mining pools 2019
Best Monero Mining Pools 2019
Contents

Despite the bearish character of the market, some people haven't lost hope and continue mining cryptocurrency. All in all, this is still the easiest way to earn some digital coins – once the mining rig is set up, you don’t have to break a sweat to make a profit. However, the computations are becoming more and more complicated, so miners become disappointed in Bitcoin and Ethereum and switch to other coins instead.

For this reason, many start mining Monero: this is one of rare cryptocurrencies that can even be mined with a smartphone. But if you want to have higher chances of mining success, consider joining a Monero mining pool. This way, you’ll be able to generate blocks faster. Let’s observe the worthiest Monero pools for this year.

image

How to select the best Monero mining pool?

In order to choose the most efficient and safest platform, you should consider the following points:

  • Is any fee charged? Typically, Monero mining pools have a 1-2% fee.

  • What’s the total hashing power of the pool?

  • What is the minimum payout threshold? The lower, the better, especially if you have relatively weak mining hardware and need frequent payouts.

  • What’s the location of the pool servers? You need a pool with servers that are as close to you as possible (it should be at least on the same continent). The closer the servers are to your location, the higher the hash power will be.

  • The uptime should be at least 99% for your mining process to be uninterrupted.

To simplify the process of picking up the best Monero mining pool, we have analyzed the most popular options. It will help you to select the most agreeable solution.

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Minergate

This Monero mining pool has been very popular due to several reasons. First, it ensures 99.7% uptime (which means there are practically no interruptions in the mining process). Secondly, it has a standard 1% fee – it’s more than agreeable. Minergate also has a very low minimum payout of 0.01 XMR, so you can easily have daily payouts.

To top it off, web mining is also available with Minergate. That’s what made the platform so popular. Minergate contributes roughly 16 MH/s to the world hashrate, which is approximately 460 MH/s.

Best Monero Mining Pools 2019

MoneroHash

One of the oldest Monero mining pools, MoneroHash was established in October 2014. Its mining fee is a bit high (1.6%), but you avoid transaction fees by mining directly to the exchange wallet. The payout of 0.5 XMR is agreeable, so you should consider this solution, if you don’t have a particularly powerful mining rig. The hashrate at MoneroHash is 4.32 MH/s and uptime over the recent months was a solid 99.92%. The platform offers servers in the U.S. and finds blocks every 2 hours.

Other advantages include:

  • DDoS protection,

  • Integrated address support,

  • SSL/TLS encryption and IPv6 support.

MineXMR

MineXMR charges the same 1% fee as other mining pools, but what makes it stand out from the crowd is a low 0.004 XMR minimum payout, which guarantees you daily withdrawals. The uptime is unbeatable: 100%. Block generation is 45 minutes, and you can choose servers from all over the world. Currently, the hashrate remains over 95 MH/s. It’s not the highest number, but still more than enough for successful mining. Considering all that, it’s no surprise that mineXMR counts over 25,000 active XMR miners from all over the globe.

Best Monero Mining Pools 2019

Nanopool

This is another popular option among XMR hunters. It implements the standard 1% mining fee, though uptime isn’t stable: it used to be 92.74%, but sometimes stays at the level of 99.99%. The minimum payment is 0.3 XMR, and Nanopool has several payment rounds per day. One reason to avoid Nanopool is that it currently has the largest hashrate of any pool at 103 MH/s, which means the number of users is too large. At the moment, overall number of miners exceeds 100,000, and the community continues growing.

While the default payout is 1 XMR, you can change this amount without raising the fee. Additionally, there are a few useful tools for mining and professional recommendations. Users can enjoy extra perks, including PPLNS reward system. Note that the coins you earn can be exchanged for other cryptocurrencies in the pool.

Best Monero Mining Pools 2019

Monero Crypto Pool FR

Monero Crypto Pool FR is a great option for European based miners, though the uptime leaves a lot to be desired: recently, it was only 81.79%, which is simply unacceptable. Besides, the mining fee of 2% is quite high. Minimum withdrawal is 0.3 XMR, and the hashrate is 13.51 MH/s MH/s

Why then choose Monero Crypto Pool FR? This French mining pool ensures a decent level of security and a stable connection. It finds blocks every 7 hours, which is agreeable for having payments made once a day. Its community counts over 1,500 miners, and you will surely find someone trustworthy to cooperate with.

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Support XMR

This pool supports XMR mining only, and it has a low fee of just 0.6% and a minimum payout of 0.1 XMR. Seems to be a pretty sweet concept, doesn’t it? Let me add an extra layer on this cake: SupportXMR pays their miners every two hours, and users are free to set up their own payment limits for regular and exchange wallets. You can also monitor the performance of your rigs on the per worker hashrate chart. The pool is popular, as you can tell by its 82.89 MH/s hashrate. Recently, Support XMR had an uptime of 100%.

Monero pool comparison

Let’s compare the above-mentioned platforms.

 

Pool Fee

Hash rate

Overall Number of Miners

The average time of block generation

Minergate

1%

17.2 MH/s

> 100,000

-

MoneroHash

1.6%

7.87 MH/s

2,500

2 hours

mineXMR

1%

74 MH/s

25,000

45 minutes

Nanopool

1%

103 MH/s

> 100,000

-

Support XMR

0.6%

82.89 MH/s

6,900+

2 hours

Monero Crypto Pool FR

2%

1.93 MH/s

1,500

7 hours

As you can see from the table above, Support XMR seems to offer the best conditions for mining Monero. Being a platform with a narrow focus, it provides everything for fast and efficient earning. At the same time, other platforms mentioned also offer a few perks and appear to be very cost-efficient solutions.

You should also try...

Alternatively, you can try such pools as:

  • XMR.poolto.be

  • XMR.prohash.net

  • XMR.prohash.net

  • XMR Pool.net

The number of users there doesn’t exceed 1,000, but they provide a decent hashrate and different server locations. Choose a mining pool with servers in your country/continent – this way, you will enjoy better results.

Here’s a breakdown of Monero mining pools by server location:

Europe

USA

Asia

Xmrpool.eu, xmrpool.de, poolto.be, xmr.prohash.net, sheepman.mine.bz, xmr.mypool.online, bohemianpool.com, moneropool.com, moneropool.nl, minercircle.com, dwarfpool.com, ratchetmining.com

Monerohash.com, monero.us.to, usxmrpool.com, xmrpool.xyz, minemonero.gq

Alimabi.cn, pooldd.com, monero.reifly.id

Want to find mining partners some other way? Visit forums, such as Reddit: there, you will find information about Monero mining. Don’t forget to read the reviews about mining pools on some independent websites. Using a reliable Monero mining pool, you can multiply your riches quickly and with minimal effort.

Wikicoin
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Wikicoin Alex Morris

Best Cryptocurrency for Mining in 2019

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Now, cryptocurrency mining is about long-term investing. Find out what cryptocurrency you should invest in to generate a big return on your investment
Best Cryptocurrency for Mining in 2019
Contents

The double-whammy of sinking prices and constantly rising mining difficulty was a complete knockout for Bitcoin miners. U.Today determines whether you should stick to Bitcoin mining in 2019, and what other altcoins could be a good option the following year.

Best Cryptocurrency for Mining in 2019

Picking a new currency to mine

Due to the decline of cryptocurrency mining, it is rather challenging to find a new coin to mine given that cryptocurrency price predictions change almost every day. If you want to pick a new currency, you should perform an in-depth fundamental analysis (the technology behind the coin, the team of developers, etc.). We’ve compiled the list of top factors you have to take into account when mining new coins:

  • mining difficulty;

  • recent price fluctuations;

  • price predictions;

  • market capitalization;  

  • the number of use cases;

  • the developers’ background;

  • social media presence.

Meanwhile, these are some of the ‘red flags’ that you most likely want to avoid when choosing a new coin:

  • the coin has an ICO;

  • the project is selling masternodes;

  • premined coins;

  • ‘copy and paste’ coins in the likes of Ravecoin that do not bring anything new to the table.   

Making sure the mining is profitable

Once you’ve picked the coin that suits all the above-mentioned parameters, you have to make sure that running your mining operation will result in generating a profit (a rather challenging thing to do considering the current state of cryptocurrency mining). There are numerous factors that you have to take into account, such as electricity expenses, mining difficulty, etc. We won’t enumerate all these points since there are plenty of complex mining calculators.

Making sure the mining is profitable

Another important point you should keep in mind is that these parameters are constantly fluctuating, which essentially makes the mining industry so unpredictable. Case in point: mining giant Bitmain, which recently sacked half of its employees after tons of hype surrounding its upcoming IPO that is already shaping up to be a big underperformance.

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The O.G. currencies in 2019

Let’s start with an ultimate O.G. currency – Bitcoin, which turned into a multibillion-dollar business. This December, the mining difficulty of the king BTC experienced a 15 percent decline due to smaller miners leaving the Bitcoin Blockchain en masse after major experts failed with their predictions. In the middle of the crypto rout, Bitcoin miners still managed to rake in an impressive $4.7 bln, but the point is that large mining farms are primarily responsible while run-of-the-mill miners remain on the sidelines.

(coindesk.com)

The exodus of miners that was followed by a difficulty drop makes it much easier for new miners to enter the market. Moreover, it has been recently estimated that mining Bitcoin is still 50 more profitable than mining one of its iterations – Craig Wright’s ‘mining-friendly’ Bitcoin SV.

The same pertains to another major currency – Ethereum, which has been facing bearish predictions the whole 2018. Miners who can benefit from low electricity prices still remain in business in the yo-yo market as the mining difficulty continues to drop. Since Ethereum is way too established, you might also opt for Ethereum Classic, whose mining difficulty has been tanking as of recently.   

Monero and ZCash: top privacy coins

Monero is currently the 13th biggest currency by market capitalization. The flagship privacy coin is particularly attractive for miners given its ASIC-resistance. That essentially means that you could mine Monero without buying expensive hardware, thus disrupting Bitmain’s monopoly, which could be already facing serious woes according to expert predictions. Bitmain came up with a special miner for Monero, but the dev team throttled it with a fork that could make ASIC mining inefficient.    

Of course, the coin’s mining profitability tanked due to the crypto rout, but cheap GPU prices combined with low electricity still make a good combination for mining Monero in 2019. However, do not expect to gain profit from selling XRM on a daily basis despite some positive price predictions.  

Alternatively, you can also consider mining another privacy coin – ZCash, which is responsible for more than 90 percent of all Equihash mining, though the recent rate spike was a blank swan situation for miners who were up to different predictions. Back in July, ZCash made headlines because of its remarkable mining profitability: it outperformed Bitcoin by 400 percent.    

card   

Horizen (ZEN)

According to whattomine.com, Horizen (previously known as ZenCash before the rebrand happened) remains the Equihash-based currency with the highest level of rewards. In 2019, it is still one of the best currencies to mine with your GPU.    

Keep in mind that Horizen is still in its early PoW days, and they have already paid out 5.3 mln coins to miners. It would be ludicrous to expect sizeable mining profits in the current bearish market, but the project might pick up some steam in the future despite some gloomy price predictions.  

Litecoin (LTC)

Litecoin is yet another old-timer on the block that has been around since 2011. It poses a good option for those who want to opt for an already established currency instead of buying coins with little to no background.     

LTC stands out because of faster transaction confirmations (the block generation time is restricted to ten minutes), and a more efficient storage solution.  

A quick look at r/litecoinmining will tell you that the community is in low spirits right now, with some mining for the sake of heating the house or simply keeping their hobby. However, our recent price prediction shows that Litecoin is currently following a bullish path.

Bitcoin Gold (BTG)

Bitcoin Gold is a fork of Bitcoin that was created specifically for GPU mining. Apart from disrupting the hegemony created by super-powerful ASIC miners, Bitcoin Gold is also a marginally safer coin since miners do not have to rely on the hardware that is specifically designed to mine this coin. Hence, BTG miners won’t have to throw away their Antminer if their cryptocurrency lives up to most pessimistic price predictions since they can easily put their botnet on something else.

How to maximize your mining profits?

We’ve listed some of the most conventional (and fairly unconventional) choices, but it’s rather challenging to boil down your choice to one specific coin when there are more than 2,000 options on the table. Hence, it would make sense to mine several coins simultaneously (up to all major mineable currencies) to hedge against potential losses. It is not a piece of investment advice, but swapping currencies is an objectively good option in the highly volatile market where price predictions tend to change very quickly.    

Best coins for CPU mining

Yes, you heard it right – CPU mining is still a thing in 2019 (just like in Bitcoin’s early days when even the boldest price predictions couldn’t foresee its present-day price). Of course, do not expect to make a single dollar (or even a single cent) with your old laptop. However, for the sake of collecting coins whose price could skyrocket one day, you can consider mining the following CPU-oriented cryptocurrencies:

  • Nimiq;

  • Nerva;

  • Pascal;

  • Uplexa;

  • Blur.

You can constantly keep track of new GPU coins with the help of the website newcpucoins.com. One of the best strategies that you can pick is to mine a coin that is basically worth nothing after doing in-depth research of the project and the team. The cryptocurrency market is still very nascent, and there’s a good chance that the value of a new coin could blow up in the future (just make sure not to sell them prematurely).
  

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Should you mine crypto in 2019?

Over the past few years, cryptocurrency mining has turned into an industrial-level venture, which means that the days when somebody could make quick dollars with crypto mining are pretty much over despite some predictions about the comeback of mining craze. In the first half of 2018, cryptocurrency prices began to fall, and many miners were forced out of business.

With the right approach, mining can still be profitable, but it’s a not a get-rich-quick scheme anymore, and the profitability margin is much lower. Even if most bullish price predictions come true, expect more super powerful ASIC miners to appear on the market.    

After all, you can still mine 1 BTC in Venezuela while only forking out $531 because of its extremely low electricity rates. However, don’t be tempted to pack your bags to this ‘crypto paradise’ given that the local government is not particularly welcoming to miners, with some of them even going to jail. There is also another option: Iran, where mining still turns a profit with the country’s government subsidized energy.  

Hopefully, U.Today helped you to come up with the best mining strategy to survive this crypto winter.

Wikicoin
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Best Ethereum Mining Software 2019

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Whether 2019 is going to be the last hurrah or another breakthrough for Ethereum mining, it is vital to know how to pick suitable mining software
Best Ethereum Mining Software 2019
Contents

Ethereum, the ultimate ‘it-currency’ of 2017, had a truly brutal year. On Dec. 7, its price tanked to $80, thus recording a jaw-dropping 94 drop from its January ATH of $1,349. The crypto rout forced many miners out of the market, but there’s a silver lining – decreasing mining difficulty. Hence, we wouldn’t recommend writing off Ether for the time being, given that it still remains one of the most profitable cryptocurrencies for long-term mining.

Ethereum mining difficulty

In this article, U.Today will have a look at the most popular mining software clients for Ethereum mining to determine which one will be the best choice for you.   

Preliminary steps

Before we get down to our list of the best Ethereum mining software, here’s a small guide on how to install any mining software:

  1. Make sure you’ve installed drivers for your GPU (they can be downloaded on the manufacturer’s website).

  2. Download the Blockchain data for synchronization.    

  3. Connect your node to the whole network with the help of a chosen client.

NB! Once you’ve done all these steps, you can also create your own dApps and smart contracts apart from mining Ether.

Claymore

Claymore is a top-of-mind option given its ‘ubiquitous’ status with Ethereum miners, which gives its users the possibility to simultaneously mine Ether along with other coins. However, one has to take into consideration the fact that 2018, which marked the rise of ASIC monopoly, put a final nail in the coffin to double mining, thus making Claymore’s most salient feature obsolete.

Claymore

However, keep in mind that Claymore is more than a run-of-the-mill mining client – it also performs the role of a remote manager and gives users an ability to set clocks/voltages, etc.   

Phoenix Miner

Phoenix is another option for those who are looking for a Claymore alternative. Notably, it offers much lower dev fees (you can remove the fee altogether if you have the wits to complete the client yourself). Unlike Claymore, they didn’t add dual mining but this feature barely has any value of now. Redditors who compared both of the miners also point out that Phoenix has a higher level of stability. Furthermore, some users point out that Claymore had their hashrate 20-30 percent below the reported hashrate.

Phoenix Miner

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Geth, cpp-ethereum, Ethminer: what’s the difference?

Geth

Tech-savvy miners who are capable of producing a couple of code lines can consider running a software client that is called Geth (a shortening for ‘go-ethereum’). Geth is the implementation of the ‘Go’ scripting language, which is necessary for communicating with the Ethereum network. Obviously, the program is not recommended for those who are only getting started with Ethereum mining, but it can be a useful tool if you acquire the necessary programming skills.   

Geth

cpp-ethereum

cpp-ethereum is yet another viable option if you are interested in Ethereum mining software. The code, which can be downloaded on GitHub, has been tested on various operational systems (Windows, Linux, OS X).

One also has to mention that AlethZero is the C++ implementation of the abovementioned Ethereum client. In 2015, the AlethOne version was released, which was supposed to make mining easier for users who can’t get around with the console-based client.

Ethminer

Ethminer is a command line mining program that supports any Ethash-based coin (Ethereum, Ethereum Classic, Metaverse, etc.). It is worth mentioning that Ethminer stems from the cpp-ethereum project.

NB! Ethminer and Geth both represent the command line interface but there is a difference in coding languages (the former is written in C++ while the latter is written in Go).

Miners are supposed to fork out a one percent dev fee (which is rather reasonable). The client has low system requirements, which makes it accessible for all types of miners. This software is constantly updated every two weeks or so.

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Wineth

There’s a world of difference between Wineth and Geth – the former is specifically designed for beginner-level users. Its UI is super-simple even for those who never had any cryptocurrency mining experience. Moreover, there is no need to modify any settings since the client’s auto-configuration will choose the most suitable permanents instead of you. However, there is also a huge downside – Wineth is only compatible with Ethereum Classic.

Windows Ethereum Miner

MinerGate

In May 2016, MinerGate, one of the best-known multi-currency mining clients, announced its support for Ethereum. The main advantage of this specific client is that it suits both amateur and professional miners. MinerGate maximizes the efficiency of Ethereum mining by adjusting the settings to the GPU power.

Claude Lecomte, the CEO of MinerGate, claims that ‘1-click client’ was supposed to become an entry-level software for many uninitiated miners. It is capable of showing an impressive hashing output because of its new code architecture.

MinerGate

The support of multiple languages and a huge user base are also among the main reasons why you should consider choosing this client.

CGMiner

CGMiner is yet another miner on the list that requires programming skills. Those who simply downloaded a CGMiner folder from Github will find themselves at an impasse since they won’t figure out how to make it run. The thing is, the source code that you download from Github has to be compiled (alternatively, you can already download compiled versions that are available on the web).  

CGMiner

Just like MinerGate, it functions as a mining pool software but it is also compatible with most types of mining hardware. The good thing about this software client is that you are not obliged to limit yourself to one single mining device.

Parity

Parity has a rather tainted reputation because of a major security breach that resulted in millions of Ether being stolen. Since then, they’ve managed to enhance their security, and there is a good reason to believe that they’ve learned their lesson.

Parity

The client is written in the bleeding-edge Rust programming language. Notably, it is integrated right into the Parity browser. It works with both Windows 10 and macOS.

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Awesome Miner

Awesome Miner is a good option if you prioritize centralized mining management. The majority of clients that are featured on that list are mainly suitable for running one mining rig but if you want to run multiple mining engines (ASICs, FPGAs, etc.), it is advisable to stick with Awesome Miner. This client supports up to 25 clients and supports a wide range of coins that are based on popular algorithms.

Awesome Miner

The only disadvantage is that Awesome Miner doesn’t support any other operating systems apart from Windows. Hence, this miner is not that ‘awesome’ for Linux and MacOS fans.

The caveats

Back in June, multiple news outlets reported that hackers could steal over $20 mln in Ethereum from mining clients that were insecurely configured by amateur users. Cybercriminals could get unauthorized access to the cryptocurrency wallets of their victims. As you can see, almost all of these clients are not beginner-friendly. Meanwhile, WinEth is an easy-to-use Windows graphical client.     

Another caveat pertains to those miners who are looking for an alternative Ethereum client. For instance, when users reach a certain level of stability with Claymore, they are hesitant to make a switch. On top of that, it is rather challenging to adjust a specific type of mining software to specific types of Ethereum mining hardware (Nvidia graphics cards are generally considered to be the safest option).    

U.Today wishes you safe and profitable mining in 2019!

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