Wikicoin Vera Thornpike

How to Mine Dogecoin: Complete Guide For Beginners

📚 Wikicoin
Find out in which ways you can obtain Dogecoins
How to Mine Dogecoin: Complete Guide For Beginners

Being the 27th largest capitalized cryptocurrency, Dogecoin can still be mined. Find out how to obtain the coins, which hardware and software suit this purpose better, and where to store the ‘dogmoney.’

If mining Bitcoin is too mediocre for you, try altcoins. There’s a myriad of new cryptocurrencies that can be obtained through mining, and one of the easiest catches is DOGE. It’s not a joke– the famous meme dog has become so popular that now it’s the ‘face’ of a virtual currency.

Why Dogecoin?

Before we start learning how to mine Dogecoin, let’s make a short historical reference. In 2013, two friends, an Australian named Jackson Palmer and an American named Billy Markus, decided to create their own cryptocurrency. Everyone was too serious about crypto, and they wanted their coin to be friendlier than the other solutions. That’s why they did what no one expected– uses the famous Shiba Inu dog from a meme for their currency.

image

Desc: The famous Shiba Inu dog is the mascot of Dogecoin

Alt: Shiba Inu dog meme is the face of Dogecoin

In fact, their idea was fully realized: today Dogecoin is widely used for online tipping and charity. It has the 27th largest market cap in the crypto niche, and its value seems only to grow further. Besides, this is one of the easiest currencies to obtain so far. In order to perform Dogecoin mining, you don’t have to work like a dog. There are different ways to get the ‘dogmoney’ and the time is ripe to see how it works.

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What is DOGE Mining?

To put it simply, this is the process of getting a reward in DOGE coins for verifying transactions made on the Dogecoin Blockchain. Your computer acts like a node that confirms and checks the transactions– it involves solving complicated mathematical problems. The newly confirmed blocks of transactions are added to the blockchain. What’s your role in the process? You need to provide a consistent level of ventilation and the power supply for the hardware.

Just like with other cryptocurrencies, DOGE coin mining is a bit of a lottery– some computers perform calculations faster than others, and only the quickest and most powerful ones win the reward. The node that solves a mathematical problem first is rewarded.

One of the main reasons to mine Dogecoin is the fact that it’s easier to obtain than many other altcoins. Look how Dogecoin mining works compared to other cryptocurrencies:

 

Bitcoin

Litecoin

Ethereum

Dogecoin

Algorithm

SHA-256

Scrypt

EtHash

Scrypt

Difficult

3511060552899.72

6802626.0955

3252245976765090

2798252.1991

Block time

10 min

2.5 min

15 seconds

1 min

Reward per block

12.5 (~$150K)

25 (~$3.027)

3 (~$675.02)

10,000 (~$27,36)

How to DOGE mine?

If you have decided to become a Dogecoin miner, you have three options:

  • mining solo,
  • using Dogecoin mining pool,
  • try cloud mining.

The first and second options suppose using your own hardware for mining. Let’s take a closer look at the equipment that you’ll need.

Dogecoin mining software and hardware

Before you start, prepare a few essentials:

  1. A personal computer with Windows or Linux OS.
  2. Internet connection.
  3. A few GPUs.
  4. Dogecoin wallet to store your money (visit Dogecoin website and download the wallet).

The more powerful hardware you use, the higher is your chance to snatch the reward from competitors’ nose. There’s the whole range of GPUs (graphic processing units) to boost the efficiency of your PC. If you’re a starter, the following will do:

  • SAPPHIRE Pulse Radeon RX 580 ($426.98)
  • Nvidia GeForce GTX ($579.99)
  • ASUS RX Vega 64 ($944.90)

If you have a few hundred bucks to spare, look for a Scrypt ASIC Miner– it’s a small piece of hardware made specifically for mining scrypt-based currencies, such as Dogecoin and Litecoin. Despite its size, it’s a very efficient solution (mind that such units heat up quickly, you need to establish a proper cooling system). Bitmain Antminer, BW L21 Scrypt Miner, and Innosilicon A2 Terminator are top-notch variants.

image

Desc: Bitmain Antminer S9– the real mining monster for advanced crypto hunters

Alt: Bitmain Antminer S9

To get maximum out of mining, you will also need a special software solution, such as:

  • Cudaminer for Nvidia cards
  • SgMiner or CGMiner 3.72 (specifically this version, the following will not work) for ATI.

Mining Solo

As soon as you buy and install all required hardware and software, you can start your DOGE coin miner career. Simply open the mining program you’ve installed and start the process. You will see a lot of unknown graphs on the screen– these display how the mining process goes. As soon as you get a block, the reward will be sent to your wallet. Be ready to provide your computer with energy on a 24/7 basis.

In fact, mining solo isn’t efficient as it used to be– the mathematical problems are harder and harder to solve, so the chances that someone else gets the reward and you stay with nothing are pretty high. Typically, solo miners are either beginners or geeks who’re engaged in the process itself. For this reason, people usually resolve to the second method– collective mining.

Dogecoin mining pools

That means that you unite force with other miners and you perform the process collectively. The computers of your team all work together to solve mathematical problems, which boosts efficiency considerably. As soon as a block obtained, the reward is distributed according to the contribution of parties, so it’s quite fair.

The Internet is full of different mining pools– it’s better to choose well-established websites that have a good reputation. Also, you should mind the fees imposed because they can differ dramatically. As soon as you register on a website, you need to create a ‘worker’ by giving it login and password. We highly recommend setting up an automatic withdrawal of rewards to the wallet (most often, money is transferred as soon as your earnings reach a certain pre-set threshold).

image

Desc: Choose the leading scrypt mining pools for getting DOGE

Alt: the best scrypt mining pools

Cloud mining

Not ready to invest heavily in mining Dogecoin? Then cloud mining is the right solution for you. In this case, you just lease the capacity from a third-party provider and get crypto-loans under a contract. All the work is done instead of you but be ready to pay a great fee. Read customer reviews, as well as rental terms offers– make sure that the commission is agreeable for you (as a rule, it depends on the duration of contract). Of course, it’s better to engage in Doge mining for a longer period (from six months to two years). In this case, you will be able to earn enough crypto without serious investment. Large websites usually offer a large discount for clients ordering their power for a long period. Ideally, there should also be an option of instant withdrawal. The most reliable solutions so far are Dogemining.info, Eobot.com, and a few others.

image

Desc: DogeMining account screenshot

Alt: DogeMining website

Conclusion

If you want to jump on the bandwagon and start earning crypto, DOGE mine is an optimal choice. It’s user-friendly and very simple even for beginners, so you should surely add it to your crypto portfolio. It’s up to you which method of mining to select– anyway, your efforts and time can pay off greatly down the road, because the world is raving about the famous Dogecoin mascot, and it only continues growing in price.

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The Ultimate ERC20 Guide for Dummies

📚 Wikicoin
Here is the ultimate ERC20 guide which explains how to get started
The Ultimate ERC20 Guide for Dummies

We have fully entered the glorious age of cryptocurrency and almost everyone you know is enthused about crypto coins, especially ERC20. Unfortunately, you only know about Bitcoins and Ethereum. You’re not alone in this.

The concept of decentralization, Blockchain technology and cryptography can be very confusing and unless you have a form of ERC20 guide, it will be impossible to understand. Without further ado, here’s the much-awaited ERC20 for dummies.

ERC, which represents “Ethereum Request for Comments” is a set of rules and regulations for the Ethereum network

The building blocks of ERC20 tokens, Blockchain

We begin with the Blockchain which is the basis of it all. The Blockchain is a digital and decentralized ledger with the sole purpose of recording cryptocurrency, chronologically and publicly. Originally it was developed to initiate and execute transactions in record time using a sequence of blocks. Here, each block recording signifies a transaction on the network.

Cryptocurrencies such as Bitcoin, Ripple and Ethereum, virtual money used for carrying out transactions, without the regulations of a central bank and influence of the government are stored within the Blockchain and uses encryption techniques create and verify transactions.

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Ethereum and ERC20 tokens

Ethereum is a decentralized system administered on a Blockchain network that is completely sovereign, eliminates third parties and avoids data leaks. The network has its own currency called Ether which is traded along with digital assets known as tokens. These tokens, which also act as currency, have varied values for assets they represent such as IOUs, vouchers, etc.

Being decentralized gives it its autonomy and this is a key feature of the system as it allows users of the market tokenize their products. They can also source for crowdfunding since there are no external regulations to sanction these transactions, rather, miners all over the world run the block's unique metadata via a hash function. Unlike Bitcoin that was created as a medium or exchange or store value, the Ether platform can be used to design and run applications.

What is ERC20?

ERC, which represents “Ethereum Request for Comments” is a set of rules and regulations for the Ethereum network and it determines how tokens can be accepted. It was proposed by Fabian Vogelsteller. The 20 after the ERC stands for unique proposal ID number. ERC20 governs the creation and transaction of ERC20 Tokens on the network, and once these rules have been met, the tokens are free to be created and traded across the Ethereum network.

Before the introduction of ERC20, each token executed its own versions of these functions, so each token had its own agreement making complex an exchange which should have been very simple and straightforward. ERC20 enabled an easy transference of tokens because they all have the same functions and rules.

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Two Features that make ERC20 tokens superior

1. ERC20 gives developers a sense of direction

Since ERC20 is a set of rules which Ethereum tokens must follow, this particular token gives developers an idea of how new tokens are going to function on a larger scale. The implication of this is that unlike before when developers had to undertake massive restructuring projects at the release of a new token, they can easily use the prescribed regulations. This is, perhaps, why all tokens released during Initial Coin Offerings (ICOs) are compliant with ERC20.

2. ERC20 defines the important functions

There are certain functions in the ERC20 which is of immense benefit to other tokens. The basic functionality issues to be addressed, for example, how the tokens are transferred or how users can get access to their token. Even though the ERC20 is still in its inchoate form, it is steadily gaining traction and it is anticipated that all new tokens will conform to its rules.

ERC20 functions

As long as all the ERC20 protocol is adhered to, the creation of any token system for ERC20 is allowed and a token becomes an ERC20. Basic functions of ERC20 tokens standard include balanceOf- an inquiry of balance of token, approve- approval of transfer of token, totalSupply- total supply of tokens, transferFrom - transferring of tokens and allowance. Below are examples of ERC20 Token functions:

  1. totalSupply: With this function, a member in the market can calculate and return the total amount of the token that exists in circulation.

  2. balanceOf: The balanceOf function enables a smart contract- a computer protocol that assesses the performance of a contract- to store and return the balance of the provided address.

  3. Approve: This function allows the owner of the contract to approve the address to withdraw tokens from the owner's address.

Just like your online banking app, this function allows the owner of a contract to send any amount of token to another address.

  1. transferFrom: With this function, and with the owner's approval, the given amount of token is transferred.

The ERC20 is adaptable because it gives developers unlimited freedom and almost anyone can partake in the business of ERC20 tokens because they are run on an open-source and public platform. Although the ERC20 token can be built at any time and the tools to create ERC20 tokens are accessible to everyone, the skill required to create it is a completely different ball game.

It is also important to note that ERC20 is not a software or a piece of code, it is simply a specification standard, caliber, level or quality for tokens on the Ethereum platform.

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How to trade ERC20 for Dummies

Now that the answer to “what is ERC20” has been answered, it is expedient to understand how you can trade ERC20 tokens on the Ethereum platform.

There are two simple requirements when you want to trade cryptocurrency.

  1. A cryptocurrency wallet

  2. A cryptocurrency exchange for trade

It is important to know that the cryptocurrency is not part of the regular stock exchange and it is extremely volatile. Start with trading prominent coins and choosing a reputable company that offers exchange and wallet. One in such instance is Coinbase which supports platforms for cryptocurrencies like Bitcoin, Litecoin and Ethereum.

Conclusion

Now, your question, “What is ERC20?” has been concisely and elaborately answered. You can confidently give novices an essential ERC20 guide and you can also partake in the benefits of the tokens. Make sure you have a good grasp of the concepts discussed here so as not to lose out.

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Ripple Mining Explained: Why It Can’t be Done

📚 Wikicoin
Being a top cryptocurrency, Ripple appeals to both corporate and individual investors, but can it really be mined?
Ripple Mining Explained: Why It Can’t be Done

The cryptocurrency market is thriving, and all major players are doing everything possible to get the piece of the market cap pie which was, by the way, worth $1 trillion at the beginning of 2018. Thanks to technological advances, Ripple (XRP) has made its way to the top: it’s the 3rd most popular crypto asset in the world. If this currency has piqued your enthusiasm, it’s time to find out how to mine XRP (spoiler alert: it’s impossible).

Why mining is so attractive

As the prices of cryptocurrencies started going up, investors started trying every trick in their repertoire to obtain the coins. Mining is one of the most widely used methods: you can add to your crypto riches by using the computing power of your hardware. No strenuous efforts are required, you just need to install the mining rig, provide electricity and cooling on a 24/7 basis, and wait. The computational power is used to perform certain sophisticated mathematical calculations and generate the blocks for crypto transactions to be executed.

Why mining is so attractive

However, the difficulty of these computations is growing at an exponential rate, so Bitcoin and Ethereum mining requires juggernaut servers and mining rigs for outperforming rivals. For this very reason, crypto enthusiasts switch their attention to different altcoins. Wonder if there’s a chance to mine XRP? It’s time to set the record straight.

Cryptocurrency

Price as of Dec. 31, 2017

Profit in 2017

Ripple

$1.96

35,000%

Bitcoin cash

$2,379

840%

Litecoin

$224

5,300%

Is mining Ripple possible?

So, can you mine Ripple to join the rows of crypto owners? That may sound disappointing, but there’s simply no way.

Why has the team behind XRP decided to sidestep Ripple mining?

  1. Ripple was primarily created as a digital currency for banks rather than individual users. Despite the fact that many banks can use their own Blockchain technologies and avoid using this cryptocurrency, having a universally acceptable cryptocurrency is easier. That’s why over 100 banks are already adopting this asset. Ripple is making its way to the top, thanks to financial institutions mostly.

  2. While digital cryptocurrencies are decentralized, Ripple takes a slightly different approach. Although third-party validating nodes authorize transactions, Ripple Labs is still in charge of operations.

  3. The main reason why you cannot mine Ripple is the fact there’s nothing to mine: the entire stock of coins has already been released.

The company behind Ripple explained why it doesn’t need Ripple coin mining. According to Ripple Labs, the amount of emitted coins is enough to sustain normal circulation of assets within the following five years, and the existing track of investments and transactions proves that the current amount of XRP is enough to sustain an optimal functioning of the infrastructure.

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How does it work?

As we’ve already mentioned, mineable cryptocurrency becomes available to those who show Proof of Work to receive block rewards. As the difficulty of calculations grows and we approach the maximum available supply, the expansion of the coin slows down.

The main benefit of this system is that the market can partially control the amount of effort put into block generation. When prices are low, the cost of mining can be higher than the value of the obtained coins, which leads to less mining activity. The rise in prices triggers a higher mining activity, and that’s what we witnessed a year ago.

How does it work?

When it comes to Ripple, there’s no need to leverage XRP mining: its market cap belongs to banks rather than individual users. The supply of 100 bln XRP has already been emitted. The founders have kept 20 bln of Ripple to themselves, and the remaining 80 bln XRP was contributed to the company. In December 2017, Ripple Labs distributed 38.7 bln XRP and put 55 bln XRP in an escrow account.

The escrow system is pretty simple. One of 55 escrow contracts expires within a month. Every contract covers 1 bln XRP and becomes available to Ripple Labs for sale to banks or reward to market contributors. If one month’s Ripple supply isn’t used, it goes back into the escrow. With this approach, the circulating supply of Ripple will double within the next 3.5 years. According to Ripple labs, during the last 1.5 years, 300 mln XRP were used every month. With such rates, the entire Ripple supply will go through the escrow in 14–18 years.

Ripple’s development will depend on how fast the financial institutions adopt this cryptocurrency and use it as a medium of exchange. Individual users and payments made through Ripple Labs don’t play as much role here.

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So, I can never be a Ripple miner?

No, but you still have the opportunity to be a proud XRP owner. There’s only one way of doing it: purchase the coins on trading platforms. Instead of searching for a Ripple coin mining pool, find reliable cryptocurrency exchange websites and buy XRP for fiat or other cryptocurrencies.

Having some XRP in your portfolio is always a good idea because:

  • It’s one of the most reliable crypto assets with a high profitability potential.

  • Ripple is in demand: it’s easy to sell it whenever you want.

  • In the nearest future, it will be possible to make international transactions with minimal fees. From an individual user’s standpoint, Ripple is a nice alternative to Western Union and services alike.

So, I can never be a Ripple miner?

There’s no such thing as mining the XRP coin!

Whenever you see headlines and ads like “Ripple mining software,” “Ripple mining hardware,” or “I will show you how to mine Ripple on PC,” keep in mind that this is a trap. There are no Ripple mining pools, no cloud Ripple XRP mining, and no machines doing that.

If you see a cloud mining website that offers XRP mining, there’s a 99.9% chance it’s a scam.

Bottom line

So, how to mine Ripple? There’s NO way of doing it. Since the entire XRP supply was emitted right in the beginning, this is one of few semi-decentralized cryptocurrencies that doesn’t have such feature. However, there’s still a chance to own the coins: they can be bought on cryptocurrency exchange platforms. Ripple is widely present in the vast majority of leading crypto exchange websites, so it’s easily available.

P.S. If you’re a mining geek and accept only this way of obtaining coins, there’s always an alternative. Although you cannot mine Ripple, there’s a myriad of mineable altcoins, and they can all be easily exchanged for Ripple. And if you monitor the market closely, you may be lucky to profit from a favorable exchange rate.

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How to Make Your Native Advertising Most Effective with U.Today

📚 Wikicoin
We could fix you a media cocktail with just the right mixture of ingredients. Pour, shake and serve!
How to Make Your Native Advertising Most Effective with U.Today

U.Today is one the most fast-growing media outlets in Blockchain and cryptocurrency industry today. 

U.Today offers not only advertising that consists of a variety of services, including native advertising, but also full PR support and promotion for your business among the Blockchain and cryptocurrency audience.

Contact us right now: [email protected] and get the most beneficial offer.

Our Services

Press Releases

You got this very special product you want to promote and you want to get the most for your money. With U.Today, there’s nothing easier.

Just click https://u.today/press-release/submit and fill out a simple form. It lets you select at your convenience the timing of publication which allows you to get maximal exposure. In just a few moments, you could upload your logo and all the information you think will appeal most to your prospective audience.

Our Press Releases section has a prominent position on the landing page so you can be certain our readers won’t skip it.

Sponsored stories

Of course, writing effective advertising texts is a special art that requires knowing some nuts and bolts of the trade. Also, we are all consumers ourselves and we know what it is like to be bombarded with advertising messages throughout the day.

We’re not waking up in the morning just wondering when the next press release is going to come. So you may need to get prepared to find that unique differentiator that makes your story more important than every other story coming. If that’s what you honestly lack don’t worry.

U.Today will help you find professionals with special competences who can make your story shine. They will lead you through all the snags and make sure to highlight all advantages of your product to your target audience.

Our best authors who focus on just what you consider special and distinctive about your business will write a full feature story starting from 400 words or, when needed, their series.

Our account managers will help you through the whole process, take your feedback and send you the story for final approval. All the details will be considered and accounted for, and if you got your own text as a basis for a rewrite, we’ll help you improve it to be most effective.

The resulting story will appear on the site in an appropriate section, marked as sponsored.

Native advertising articles

Of course, you can create a still more effective content using the approaches of native advertising, that is making your story newsworthy by its own merits as a part of larger trends important to your prospective customers.

By doing so, you will put the readers’ interests first as the content that you create is going to resonate with them much more fully and really have a much bigger impact.

Our staff is ready to help you do exactly that. We will conduct market research to fully observe the trends and problems facing your prospective customers.

Then our best-handpicked authors with an established reputation will write a 500-words or more featured story or a series and make your product a part of the solution.

Analytics and long reads

You don’t want to create something that’s relevant for a week and then drops off the map. So the analytics piece or a unique long read is probably what you need.

Our analytics will make a thorough study of the market and the niches where your business interests are presented.

Note that our journalists can make a difference by their professional skills of finding reputable sources, research studies, expert quotes or data to back up what you’re saying.

Other native advertising options

You may think that writing is not rocket science but in fact, thinking like a journalist is one of those things that’s kind of hard to teach, and a good story is close to impossible to write without this gut feeling.

Our staff is ready to help make your content the most effective by providing it with all professional tools of the trade. For example, good infographics can render complex hi-tech products in a simple visual manner, making it stick to mind.

Quizzes, games and other tools for creating the high-quality content can also be offered to highlight the better sides of your product.

Outsource your content creation

You may need to solve a bigger problem then preparing a story or its series, especially if you get a flow of information to be used in your product promotion.

We can help your PR department to create any number of materials of any complexity to be published in various media outlets across the globe, including the most respected ones, and in the social media.

Complex PR campaigns

The maximal impact could be achieved only by smart usage of various formats and media channels. We could fix you a cocktail with just the right mixture of nature advertising different ingredients. Pour, shake and serve!

Our team

U.Today is a close-knit team of professionals founded by editors with extensive experience in both high-quality journalism and the crypto industry.

Tens of our staff and contributors come from the US, Europe, Asia and all corners of the globe. They have covered all aspects of the industry and community and developed some very successful media projects.

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10 Best and Biggest Bitcoin Mining Pools

📚 Wikicoin
Being an individual Bitcoin miner can be hard work but joining a pool will get you a steady payout. The advantages of group mining are great
10 Best and Biggest Bitcoin Mining Pools

As the old adage goes, “two heads are better one,” so go that the more miners working together to mine Bitcoin, the better the results for the individual miner in terms of rewards. So there is a definite advantage to join a pool as you can concentrate your hash power to mine more rewards and split them among the pool of miners. Let’s learn about the best mining pool for Bitcoin.

Mining is concentrated to China, which is due to a low cost of electricity and rumors that the electric suppliers route extra electricity to mining pools as not to waste it in the moment- you cannot store electricity at such a massive level for later use! This low cost of electricity and a high number of inhabitants makes for a great combination to support Bitcoin mining. Despite some saying the contrary

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Concentration of mining pools by country

These top six countries have 96 percent of the world’s Bitcoin mining pools.

  1. China 81%

  2. Iceland 5%

  3. Japan 3%

  4. Czech Republic 3%

  5. Republic of Georgia 2%

  6. India  2%

Reap the rewards

One of the main reasons to join a mining pool is that you can earn more rewards as a group as opposed to a sole prospector, however, there are different ways that rewards are paid out, each with their own advantages and disadvantage. Remember, that some pools slice a percentage of the top of your rewards, from zero to three percent. Not all pools are upfront about their fee structure.

  • Pay-per-Share (PPS): Each time a share is submitted, a user is paid a fixed amount. The major downside to using the PPS structure, is this particular method results in higher pool fees and the more fees, the more your rewards diminish.

  • Proportional: The user is paid based on the proportion of shares they found. The more shares submitted, the more a miner will earn. To increase earning power in this situation, one needs to either upgrade their mining rig or find a pool with an overall lower hashrate.

  • Score based: A proportional method weighed by the time a share is submitted.

  • Pay Per Last N Shares (PPLNS): Similar to proportional, but each share can be rewarded on multiple rounds. Pay Per Last N Shares structure can be quite lucrative. This may sound similar to the proportional payout method, but there is one big difference PPLNS looks at the last N shares, regardless of round boundaries.

Top 10 largest Bitcoin mining pools

Many of you might be asking, “what is the best Bitcoin mining pool to join?” “Which one has the best Bitcoin mining payout?” Or “What is going to happen when all 21 million Bitcoins are mined?”

1. Antpool

Antpool is a mining pool based in China and owned by Bitmain. Antpool mines about 25 percent of all blocks. It might be the best free Bitcoin mining pool to join, but keep an eye out on the Bitcoin transaction fees that are not disclosed. Also, be aware of Antbleed. Within the last six months, AntPool has discovered the maximum number of Bitcoin blocks, around 18 percent of the total discovered blocks, making it a consistent top ranker in the list of mining pools. AntPool’s pool hashrate currently stands at around 3600 Petahash/second (PH/s). It was the best Bitcoin mining pool 2017.

2. BTC.com

BTC.com is a public mining pool. It supports full pay-per-share (FPPS) payout methodology. Proponents claim that's more beneficial to miners as it calculates and adds a standard transaction fee to the regular block rewards, making the overall payout higher than the standard pay-per-share (PPS) payout. It currently maintains a hashrate of 5.88 Exahash per second (EH/s).

3. BTC.top

BTC.top is a private pool and cannot be joined. The pool hashrate hovers in the range of around 3100 Petahash/second (PH/s).

4. Bixin

Another mining pool that is based in China. It is a public pool, but only in Chinese.

5. BTCC

BTCC is a pool and also China’s third largest Bitcoin exchange. Its mining pool currently mines about seven percent of all blocks.

6. F2pool

F2Pool is based in China. F2Pool has mined about five to six percent of all blocks over the past six months.

7. ViaBTC

ViaBTC is a somewhat new mining pool that has been around for about one year. Again, it is for Chinese speakers.

8. BW Pool

BW is another mining company based in China. It currently mines about five percent of all blocks.

9. Bitclub.Network

Bitclub Network is a large mining pool and could be one of the best Bitcoin mining pool to join. Remember to do your own research!

10. Slush

Slush was the very first mining pool and currently mines about three percent of all blocks. It was founded in the Czech Republic. It is one of the most popular mining pools despite not being one of the largest. It just might also be the best Bitcoin mining pool to join. It is also user-friendly and is best Bitcoin mining pool for beginners. Additionally, when it was newer, it was one of the best Bitcoin mining pool 2012.

Honorable Mention:

Eligius

A Bitcoin mining pool based in the US. There is no registration required, making it quick and simple to join. It was founded in 2011 and it was one of the first Bitcoin mining pools. It is a very small pool with under one percent of the network hashrate.  One of the main advantages of Eligius is that there are no fees. Users receive the entire block reward, including the transaction fees. Eligius operates a PPS reward system with a minimum payout of 0.04 BTC.

Mining is hard work, work together

If you want to become a miner, it is generally recommended that you join a pool because when you work in a team, you will be more successful to mine and earn rewards on a consistent basis whereas if you go it alone, your rewards will be bigger but fewer and farther between. If you are just getting started, check out some of the listed mining pools, but remember to do your due diligence before joining.

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IOTA Price Prediction 2018\20\25- How Much Will the Cost of IOTA be?

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A different side to cryptocurrencies, how much will IOTA coin cost in 2018/20/25?
IOTA Price Prediction 2018\20\25- How Much Will the Cost of IOTA be?

In 2017, we witnessed the rise of many cryptocurrencies, and IOTA was among them. Today, it’s called one of the most perspective currencies on the market and is claimed to be highly effective for certain purposes. What makes IOTA special, and should you invest in it? Let’s find out and read IOTA coin price prediction for the current and following years.

What is IOTA?

In fact, this cryptocurrency was created as far ago as in 2015: it’s designed for the Internet of Things (IoT), i.e. smart devices with a connection to the Ethernet, such as smart home systems, Google Assistant, Amazon Echo, and so on. In layman’s terms, IoT devices can communicate with each other thanks to Internet connection and sensors. The role of the IOTA coin is to make it more secure and flawless.

If you compare IOTA with other popular altcoins, you can discover it has a lot of peculiarities:

  • While the vast majority of cryptocurrencies are based on traditional Blockchain technology, IOTA uses an innovative protocol ‘Tangle’.

  • While Ethereum and Bitcoin are not much scalable because of low transaction speeds, IOTA performs way more transactions per second.

  • In comparison with many other altcoins, IOTA has zero transaction cost.

In order to understand the differences better, check this table:

 

IOTA

Bitcoin

Ethereum

Market Cap

$2,757,027,206

$109,410,324,226

$45,259,827,334

Growth Rate

1003%

103%

16%

Current supply

2,779,530,283 MIOTA

17,151,400 BTC

100,719,296 ETH

Independent from mining

Yes

No

N0

Due to its unique features, IOTA price prediction is positive, and a lot of investors stake on it. Today, it’s the ninth coin in the top 10 world cryptocurrencies.

Was IOTA price prediction 2017 justified?

IOTA was one of a few coins that have undergone a huge growth in 2017: throughout the history of its existence, the currency raised by 12,300 percent! Even those who made realistic IOTA coin prediction in 2017 were fascinated by its sudden growth in the second half of the year. Until July 2017, it didn’t pass the threshold of $0.5. However, things were kicked off in August, when the coin’s cost reached $1 and exploded to $4.5 by December 2017.

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IOTA price prediction 2018

Unfortunately, IOTA shared the same destiny with other altcoins– its price rapidly surged within January-March 2018 period, and it got back to the current cost of around $1. Although until recently, the fluctuations weren’t significant, IOTA 2018 prediction is optimistic: according to technical analysis that’s based on historical price trends and price fluctuations, IOTA can grow up to $1.7 within a year (that’s what WalletInvestor.com forecasts).

According to some other sources, IOTA coin price prediction 2018 is even better: smartereum.com mentions such number as $11, but that seems to be far from reality considering the fact that IOTA still has a long way to go to achieve technological superiority.

According to IOTA prediction 2018 from profitconfidential.com, IOTA price can reach $4.98. Its specialists are sure that the combination of IoT and cryptocurrency can get this platform to the top.

While IOTA 2018 price prediction based on technical analysis is too good to be true, experts have a completely different opinion. Vitalik Buterin, John McAfee, and some other experts claim that IOTA growth will be too slow, so it’s not worth investments. Some say that the cryptocurrency will not even double in price– it’s expected to reach maximum $1.3-1.5 by the end of 2018.

IOTA price prediction 2020

When it comes to predictions for longer terms, it’s hard to say exact numbers. However, the opinions differ. According to longforecast.com, IOTA prediction is pessimistic: its price will only fall and stay at the level of $0.4-0.5 during 2019, and by 2020, it will be $0,4. During 2020, it may rise back to $1.

At the same time, other sources provide us with more positive information. IOTA is expected to become a preferable platform for machine-to-machine transactions thanks to zero transaction fee. It’s the main reason why most Blockchain users can switch to IOTA, which, in its turn, will make the market cap rise.

IOTA price prediction 2025

Of course, making IOTA long-term prediction would be a speculation– who knows what may happen to cryptocurrencies within seven years. However, some say that it’s possible for IOTA to reach the value of $38 within five years. Google’s forecast for 2025 is $47, while Internet users are more skeptical: they suppose it can only reach the threshold of $22.

What IOTA team should do now is expanding the circle of investors and partners, and they are taking the steps in this direction. The company has established partnership with Cisco, Samsung and Volkswagen, and Bosch.

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What can influence the predictions?

IOTA’s growth can depend on a huge variety of factors. Its key advantages are:

  1. A broad spectrum of use cases (from online payments to public transport)

  2. Scalability. IOTA ensures high transaction speed and absence of fees.

  3. Limited supply. All IOTA coins are already circulating, which should have a positive effect on demand and supply ratio.

  4. A huge growth potential. IoT sphere is expected to be worth $267 bln by 2020, and if the team manages to provide a sustainable alternative to Blockchain for IoT, they can conquer the market.

At the same time, there are a few factors that may hinder the growth of the currency. For example, this technology is still being developed, so only time can show whether Tangle system can be widely adopted.

Besides, MIOTA should be made more available: it’s present only on a few cryptocurrency exchanges, so the currency’s credibility should be boosted. And, of course, when it comes to price prediction, IOTA, just like any other currency, will depend on the public opinion– the creators need to ensure total security of their platform to boost trust and attract investors.

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