⭐ Features Eduard Ezhov

What Cryptocurrency Can You Still Mine With GPU\CPU in your PC in 2018?

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Mining does not always require much investments and time. There are some cryptocurrencies, which you can mine using only the power of GPU/CPU on your computer
What Cryptocurrency Can You Still Mine With GPU\CPU in your PC in 2018?

Mining is now a popular and very expensive business. It came with ASIC-miners approximately in 2012-2013, because there was a big competition for getting Bitcoins. That was a reason why the difficulty of the network started to rise really fast. In the next couple of years, Bitcoin and most of the other cryptocurrencies became impossible to mine using a regular PC.

First ASICs used to be relatively weak. Actually, the most powerful ones originally could give only a bit more hashrate than a regular computer with GPU/CPU. It sounds ridiculous today, but first Bitcoin Core users used to accumulate hundreds and thousands of digital coins without any special hardware.

Today we have real factories for mining. They are mostly distributed in Asian countries like China, Japan and South Korea. Such business is usually focused on Bitcoin, which, by the way, was supposed to be independent and decentralized.

The main problem of the mining business

Mining Factory
Mining Factory

Business has to be legal. This means that you should pay taxes and salaries for your employees with regular money. There are some countries, where Bitcoin is legal, but you still cannot use it for legal deals there. That is why such executives have to exchange gained coins for a regular currency.

The question is why we need to mine cryptocurrency with ASICs, spending a huge amount of power, when we do not use it for business. Such business is meaningless. Many developers and crypto-enthusiasts care about that. They think that we have to decentralize cryptocurrencies to give everyone equal opportunities in using it. While Bitcoin is controlled by mining-pools, it does not give any benefits for regular users.

Therefore, a big part of the crypto community does not appreciate ASIC-miners. This part includes many gifted developers who run their own cryptocurrencies, based on decentralization principles. That means that you can get these coins with the power of your computer, using CPU or single graphics card (GPU).

In this article, we will review five of the most popular and valuable cryptocurrencies that you can still mine with CPU/GPU. Some of them belong to the CryptoNote family, but we also should pay attention to new projects, that were created in the last couple of years with advanced hashing protocols.

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CPU mining

CPU stands for the central processing unit. It is actually kind of like a brain that implements all the calculations in any computer. The more powerful CPU you have, the faster your machine works.

CPU is usually used for regular programs because it is relatively not very powerful. If you want to play games on your computer or do some difficult calculations for mining cryptocurrency, you will also need a GPU.

Central Processing Unit
Central Processing Unit

GPU mining

GPU is a graphics processing unit. It was originally made for games and complicated 3D modeling, but it is also excellent for mining altcoins because a GPU is able to provide a good hashrate.

Hashrate is a measure of power in mining. To understand what exactly it counts, you should know about the main principles of Bitcoin architecture. To avoid boring technical explanations, let us just accept that with more hashrate, you will get more revenue.

Graphics Processing Unit
Graphics Processing Unit

Important note

As I said before, mining is a business nowadays. That is why many people consider it as a source of income. Actually, to get a regular revenue, you will need to invest a lot of money and time. It requires a special hardware, facility, electricity and so on. Throughout this article, we will talk about mining for personal purposes and to get acquainted with crypto industry. When trying to get a big revenue with your CPU/GPU, you are likely going to break the computer, and it does not depend on what cryptocurrency you mine. Do not expect much, this is more about testing.

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Best cryptocurrency to mine with CPU

It is important to note that a GPU is always more powerful than a CPU. However, some coins exist that are still mineable, even if you do not have a powerful graphics card.

Monero

Monero is a relatively old project that proved its safety and anonymity many times. Nobody can track the sender and the receiver of any transaction in Monero network. That allows users to be sure about the security of their personal data.

Actually, most of the cryptocurrencies were originally supposed to be anonymous. Unfortunately, today the majority of them do not provide such a feature. It does not mean that developers have done wrong. To put it simply, technologies of Internet tracking are becoming more and more powerful. That is why, for instance, Bitcoin is not anonymous at all now.

In 2018, Monero is still using impregnable methods of encryption. This is an open-source project, but most importantly– Monero is really decentralized. It means that the cryptocurrency is totally independent of particular developers, and, of course, from mining pools.

Monero uses CryptoNote protocol, and it is still one of the best coins to mine with CPU. To start mining you only need to set up some software. The official Monero website recommends MoneroSpelunker.

Bytecoin

Another CryptoNote coin, less popular, but also quite promising. In 2017, when all the cryptocurrencies went up, Bytecoin’s course raised 56 times. It was an incredible growth, and the project got a big community of followers.

Like Monero, Bytecoin provides anonymous peer-to-peer transactions. The cryptocurrency is not mineable with ASICs, so the only way to get Bytecoins is CPU crypto mining.

Bytecoin team has a blog, where they post some news and recommendations about their project. In this blog, they recommended Xmrig as the best software for mining. It is available for free download on GitHub in three versions:

  • For mining using central processing unit (CPU)

  • For mining using AMD graphics cards (GPU)

  • For mining using Nvidia graphics cards

In 2018, Bytecoin went down with the total recession of the market, but it still has a relatively good course and more than $300 mln capitalizations, while many crypto-projects turned out a scam. That is why I think that the project deserves our attention.

Electroneum

Electroneum is the newest project in this list. It was launched in autumn 2017 and now has a $43 mln capitalization. This is actually not a good result, because in December 2017 the capitalization was almost 10 times more. However, we should remember, that the market totally reduced in 2018, so it is more important to pay attention to existing technology and not to the price graph.

Electroneum is also a CryptoNote based coin, but it uses the modified and improved version of the algorithm. It makes transactions safer and faster, not losing anonymity and decentralization. In addition, the most remarkable thing about the algorithm is that you can mine the coins even with your smartphone. That makes Electroneum one of the easiest cryptocurrency to mine.

To mine Electroneum with CPU/GPU you will need XMR-STAK 2.2 miner. It is a software that can be used with any central processing unit and both Nvidia and AMD graphic cards. A mobile mining app is available on Google Play Store as well.

Best cryptocurrency to mine with GPU

Horizen

Originally, Horizen used to be called Zencash. The cryptocurrency was recently rebranded, probably to become more unlike its reference – Zcash.

Zcash is one of the most popular and successful altcoins. It was made by a group of crypto-scientists with some special methods of encryption and hashing. Zencash was based on the same technologies, but developers included some new features in the project.

Horizen provides anonymous and safe transactions, but it also quite more decentralized and independent than Zcash. In addition, it is one of the best cryptocurrency to mine with GPU. There are many programs can be used for mining Horizen. Some of them are available for all the platforms, and some require special conditions. The most relevant of the programs are listed in the table below:

Software

Hardware

Nicehash

Windows PC

Claymore’s Zcash GPU Miner

AMD graphic cards

EBWF’s Cuda Zcash Miner

Nvidia

These are not strict rules, just recommendations. Actually, you can use any software, which is capable of Zcash mining.

Ethereum

You are probably wondering, why Ethereum is on this list. It is a popular platform with a big network difficulty and it is totally incapable of PC mining. Well, that is true. Trying to mine Ethereum with a regular PC is meaningless, but in this article, we are talking about CPU/GPU mineable cryptocurrencies and Ethereum certainly belongs here. Ethereum aims to be a decentralized smart-contract platform. The team of developers does not appreciate ASICs, because it usually promotes centralization.

In 2018, some ASICs exist for the Ethereum algorithm, but they are not as profitable as Bitcoin SHA-256 ASICs. Hence, Ethereum is still a GPU mineable coin. It is important to note, if you want to get revenue, you should buy several graphics cards and make them work together. CPU mining is useless here because it does not have enough power.

There are too many different programs for mining Ethereum, I think listing them here does not make any sense. If you do not know what to start with, try Geth– it is a console wallet that connects your computer to Ethereum’s network.

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⭐ Features Stavros Georgiadis

Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

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Tron (TRX) has a 1-year performance of about -34%, which is much better compared to the collapse of prices of other cryptocurrencies
Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

Tron Price Prediction 2019 – A Bottom at $0.0255 Has Formed. Will It Last in February?

Tron (TRX) has a 1-year performance of about -34%, which is much better compared to the collapse of prices of other cryptocurrencies. In fact, Tron has a year-to-date performance of +35.94%. In this article we will mention some Tron price prediction ranges from various sources, plus we will make our own Tron price prediction for February 2019 based on our technical analysis. Some key stats for Tron as of Feb. 2, 2019 are the following:

  • Price of Tron (TRX) is $0,026339
  • Market Cap: $1.755.963.777 USD, 503.847 BTC
  • Volume (24h): $200.614.221 USD, 57.563 BTC 
  • Circulating Supply: 66.666.917.581 TRX
  • Total Supply: 99.266.129.237 TRX
  • Rank 8 on CoinMarketCap based on top 100 cryptocurrencies by market capitalization

Tron price prediction February 2019 based on various sources

What are some Tron price prediction opinions?

  • WalletInvestor is pessimistic about the price of Tron in the long-term, but according to its forecast trend line the price of Tron may be above $0.030 in February 2019. It has a Tron price prediction for the next 14 days as $0.0331 USD to the upside and $0.0256 to the downside.
  • PrevisioniBitcoin is bullish on Tron, estimating that it will have a minimum price of $0.030 in February 2019.
  • CoinFan makes the following Tron price prediction range. A minimum price of $0.051126476 and a maximum price of $0.069171114. This seems to be a very optimistic price forecast as the minimum price is almost 96% above the current price of about $0.02633 as of February 2, 2019.
  • DigitalCoin only provides as a forecast the price of $0.03284536.
  • ExpressTricks has a Tron price prediction of $0.50 for February 2019, another very optimistic forecast.
  • CryptoGround is on the other side of forecasts, with a conservative Tron price prediction of $0.0270 for a time period of one month, a return of +1.79%.

Tron price prediction based on technical analysis

What does the weekly and daily chart for Tron tell us trying to make a forecast for February 2019? We will examine the two charts, trying to make an unbiased Tron price prediction for February 2019.

Tron price prediction based on weekly chart
Tron price prediction based on weekly chart
Tron price forecast based on daily chart
Tron price forecast based on daily chart

The two scenarios, the optimistic and the pessimistic ones, bullish and bearish for the price of Tron in February 2019 can provide some possible ranges.

Tron price February 2019 prediction bullish scenario

A very positive note is that both on the daily and weekly chart there is a trend shift from downward to upward. On the daily chart the price made a bottom around the level of $0.011, retested the low level of $0.012 and made a nice rally up to the level of $0.036 on January 10, 2019.

The price of $0.0257 as of Feb. 10, 2019 is above the 50-day and the 20-day exponential daily moving averages. The fact that both these moving averages are trending up is positive for the price of Tron. It means buying pressure. On the weekly chart the MACD indicator is trending up, and its histogram is positive, Momentum indicator is rising, and price is above the 50-period and 20-period exponential moving averages.

Switching back to the daily chart, the ADX/DMI indicator shows a strong trend and the +DI line is above the -DI line, with values of 25.41 and 20.20 respectively. A first target price is the upper daily Bollinger band at $0.029. Next potential targets would be the high prices of $0.0312 and the recent high price of $0.036.the 20-day exponential moving period with a value of $0.026, where current price of Tron is now, should provide a strong support.

Tron price prediction February 2019 bearish scenario

On the weekly chart the level of $0.0296 is a very strong resistance. Other strong levels od resistance are $0.0279, and $0.0288. On the daily chart the MACD indicator has made a bearish crossover, the Momentum indicator has lost its upward direction and now is pointing down, and there are strong levels of resistance at $0.0264, $0.027 and $0.0275. If the current uptrend is to pause and reverse, then possible targets are $0.0243, $0.0237 which coincides with the 50-day exponential moving average and then $0.022.

Traders should monitor the trendline that extends from the low price of $0.0127 on Jan.10, 2019 to the high price of $0.0263 as of Feb. 2, 2019. If this trendline does not hold as support, then lower prices are very likely.

For February 2019 we prefer the bullish scenario, as odds are for now in favor of it. As always it is not an investment recommendation, just an analysis and a forecast.

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⭐ Features Yuri Molchan

Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

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Tyler Swope, also known as Crypto Chico, shares his personal vision of the Tron project on the particular case of the BTT ICO that happened on Binance the other day
Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

On Wednesday, Jan. 30, Tyler Swope, nicknamed Crypto Chico, published a YouTube video claiming Tron and Binance plotted to grab some money by launching the BTT token on Binance Launchpad. U.Today prepared a news story, reporting this untypical point of view regarding Tron, Binance and their CEOs.

We have gotten in touch with Tyler Swope and asked him to clarify his position regarding Tron and their marketing strategy in particular.

‘I swear to tell truth, the whole truth and nothing but the truth’

U.Today: Why are there so many crypto communities on Twitter who have a negative opinion about you?

Tyler S.: They have negative opinions on me cause I tell the truth of what goes on in crypto, and the truth hurts the most.

‘Tron is nothing but a pump and dump scheme’

U.Today: Tron has been making a lot of progress recently, having taken on several big games, including TronGoo (formerly EtherGoo) and MMORPG KuaiXiYou. It has managed to advance from beyond the top-ten list of crypto assets inside it pretty quickly, raising its market cap.

On dappradar.com many of the top ten dApps, those that show a great cash flow, are Tron-based, and none are powered by its rival Ethereum, for example.

Is Tron Merely Another Pump and Dump Project? An Interview with Crypto Chico, ‘Truth Lover’ and ‘I-Dotter’ Regarding Crypto Projects

Still, in the video about BitTorrent you poured some harsh criticism on Tron and Binance, along with their CEOs. What is the reason you are publicly criticizing those projects?

Tyler S.: Because it was an obvious pump and dump, marketing ploy and I would like the public to know this.

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‘Justin Sun is no relative of mine’

U.Today: How are you connected with the Telegram channel ‘TRON (TRX) Announcements’, which posted a link to your video and claims that they know what indeed is happening with Tron?

Tyler S.: I have no connection to them and never heard of them before in my life before 30 January 2019.

‘Crypto market is irrational’

U.Today: What do you think the future of Tron is, in light of your video regarding the BTT ICO? Does it have any chance of reaching the list of the top-four coins in 2019, as Justin Sun promised?

Tyler S.: No, I don't believe it does, but who knows, this market is irrational.

‘Deceptive marketing tactics’

U.Today:  How can Tron be so popular with the community and dApp developers if you claim that Tron’s code contains a great number of bugs?

Tyler S.: They used deceptive marketing tactics and any good developer is not building on Tron. I used open source tools SonarCloud and SonarQube, you can check for yourself.

image

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⭐ Features Darryn Pollock

Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

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Bitcoin has been pronounced dead multiple times in its 10-year life; its recent fall brought about another obituary, but why is it that Bitcoin is NOT dead?
Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

A popular site called 99Bitcoins keeps a close eye on the number of times that Bitcoin has been declared dead in the mainstream media. Currently, it has accrued 336 obituaries for the digital currency.

The latest drop in the price of Bitcoin, which took it from the mid-$6,000 mark down to near on $3,000, sparked fresh panic and capitulation as many believed that the cryptocurrency had had its last days.

There were concerns over its utility and usefulness, as well as the potential for a so-called death spiral in the mining of Bitcoin as many miners shut up shop. Yet, Bitcoin continues to exist, and at time of writing, has bounced back to over $4,000.

So what is it that is keeping Bitcoin alive? It has no CEO, no company headquarters, and because of its decentralised nature, has no one to drive it to keep it alive; it relies solely on those who are interested in it.

The underlying blockchain

Bitcoin, or cryptocurrencies in general, have a very special relationship to their underlying technology, blockchain. They are of course dependent on each other to operate, but they also move independently of each other in many respects.

Blockchain is advancing in a very different path to that of Bitcoin, but it was Bitcoin’s initial explosion in the mainstream financial space that made people take blockchain seriously.

Now that the cryptocurrency bubble has essentially burst, there is a lot less hype and interest in it. However, blockchain, the technology behind it all, is getting a chance to come out and shine for its technological reasons alone.

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For this reason, Bitcoin is still very much relevant. Blockchain progression is building steadily, and solidly, and because of its adoption across all centres, people still appreciate the usefulness of a digital token.

Bitcoin, as the major digital token that encapsulates all the main points of cryptocurrency and blockchain — such as decentralisation and transparency, and of course distribution — is the epitome of a functioning token economy.

Manageable mining

Another reason why Bitcoin hasn’t totally capitulated is because of its built in mining difficulty adjustment. Many people feared that Bitcoin could go under if the miners, an important part of any proof-of-work cryptocurrency, decided to abandon Bitcoin because of the increased difficulty and the loss of profitability.

Indeed, when the price dropped significantly in November, many miners did shut down and the hash rate also fell. But, because Bitcoin has a built in adjustment, the lower hash rate caused the mining difficulty to increase, and thus caused profitability to increase again, enticing miners back.

With more miners mining, there was increased health and activity on the blockchain, which leads to better interest and investment in the markets. This, in turn and in a compound way, then helps boost the price and drive more miners back in, again increasing profit and price.

Shedding the speculators

There is also a big difference between a burst speculative bubble and the death of a market. Some markets can be destroyed by the bubble pop, but in the case of Bitcoin, it is mirroring the dot com bubble because it has a similar nature.

With its underlying blockchain equitable to the internet, and the ICO hype and other factors equitable to Dot Com companies, one can see that this type of burst bubble is a chance for Bitcoin to shed its foolish speculative investors, and allow for those who are serious and successful to rebuild the market based on the important technology underneath.

Bitcoin will continue to be called dead, and erroneously so because it has only hit the mainstream in the last 18 months or so.

However, if one is to zoom out a bit, one would see that an investor who bought Bitcoin two years ago rather than, say, one year ago, would still be over 300 percent up on their investment.

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⭐ Features Joseph Young

Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

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The government of India is exploring the possibility of legalizing crypto and regulating exchanges
Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

Several local publications have reported that the government of India is exploring the possibility of regulating crypto.

At an official government meeting hosted by the interdisciplinary committee, a task force led by members of the Ministry of Economics and information Technology and the Ministry of Home Affairs, the committee ruled in favor of regulating cryptocurrencies with strict policies.

Sudden Change in Stance Toward Crypto

In April, the Reserve Bank of India (RBI) imposed a blanket ban on cryptocurrency trading, prohibiting the country’s financial institutions from dealing with cryptocurrency-related businesses.

The unexpected ban on cryptocurrency exchanges implemented by the country’s central bank effectively disallowed trading platforms from obtaining banking services from local financial institutions.

Several exchanges tried to pivot to cryptocurrency-to-cryptocurrency trading but with the dominance of Binance, OKEx, Huobi, and other crypto-only exchanges, local digital asset trading platforms failed to compete and shut down their businesses.

At the time, the RBI threatened to end its relationship with any local bank that deals with digital asset exchanges. A circular released by the central bank read:

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs (virtual currencies). Regulated entities which already provide such services shall exit the relationship within a specified time.”

In July, industry leaders, associations, and companies challenged the controversial decision of the RBI by filing a complaint with the Supreme Court of India. Within several months after the filing, the court ruled in favor of the RBI, allowing the central bank to impose a ban on cryptocurrency trading.

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However, on December 26, a senior government official told The New Indian Express in an interview that the government believes cryptocurrencies cannot be dismissed as illegal currencies and the asset class has to be regulated with strict policies.

“We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon,” the official said.

The change in the stance toward cryptocurrencies from the government of India likely comes from its acknowledgement of the risk in unregulated cryptocurrency trading. By placing a ban on digital asset exchanges, it forced investors out of a self-regulated market to unregulated peer-to-peer and over-the-counter markets that are difficult to regulate and monitor.

If the intent of the government is to prevent money laundering through the usage of cryptocurrencies, a more effective way of doing so is to allow cryptocurrency trading on exchanges with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.

When Could It Take Place?

Many reports were released in the past anticipating the legalization of cryptocurrencies by the government of India. Yet, the government showed no signs of regulating the asset class in the past 12 months.

With the G20 agreeing to regulate cryptocurrencies to crack down on money laundering, India, which is a part of the G20, could follow the global trend of regulating the asset class.

Given the history of India in the cryptocurrency sector, it may take several months to potentially years before cryptocurrency trading is revitalized and completely legalized with stable banking services provided by local financial institutions.

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⭐ Features Guest Author

GameCredits Bittrex Review: The Detailed Guide for Beginners

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GameCredits (GAME) is an in-game payment platform that is poised to become a major disruptor in the multibillion-dollar gaming industry
GameCredits Bittrex Review: The Detailed Guide for Beginners

GAME (a.k.a. GameCredits) is an innovative cryptocurrency that has been very popular within the international gaming community. Thanks to the recent strategic partnerships with Microsoft and Xsolla, the team behind GAME crypto managed to achieve the incredible leap in promotion of this cryptocurrency.

Why should you exchange GameCredits on Bittrex?

There are so many exchange services out there. Why should you use the services of Bittrex in order to exchange or trade your GAME coins? The main advantage for beginners — Bittrex has never been hacked unlike other large platforms. Since 2017 all user accounts of this U.S. exchange service are solidly protected.

Also, this project implements the multi-level wallets strategy. About 90% of customer funds are stored offline. 2-factor authorization is offered for users (in particular, for withdrawal of their funds from wallets). If it is not activated, the exchange sets certain limits on withdrawals.

Features of Bittrex for GAME users

Bittrex offers a modern trading platform that is always accessible offline. If you type GAME in the search field on the main page, you will instantly see the chart with prices changing in real time. For example, currently (5th December 2018) you may see that the price of 1 GAME in the pair USD/GAME on Bittrex is $0.07.

Below the chart is a window with platform’s apps. The platform is designed for both beginners and experienced traders. You may check the possibility of a thorough technical analysis of any assets using technical indicators is implemented.

By default, an algorithm for calculating volumes is set straight on the chart of GAME/USD and GAME/BTC. The site features 450 currency pairs traded with Bitcoin. There are quite good trading opportunities with both BTC and ETH for GAME owners.

However, Bittrex does not have currency pairs with fiat money. Buying Bitcoin, Ethereum or Tether is possible by bank transfer. In order to use this service, you must pass the account verification. Traders have the opportunity to open different types of orders.

For example, they can buy GAME and other available assets at the market price or choose pending orders for the purchase of a particular cryptocurrency at the desired value. The only drawback - Bittrex does not offer any margin trading.

Deposit and withdrawal of GAME funds of the Bittrex exchange provides wide opportunities for those who want to replenish their account and withdraw money from it with GAME cryptocurrency. Two stages of verification actually mean that the base level is the inclusion of 2FA and filling in the "About me" fields. To withdraw more money (more than 4 BTC), full verification is required.

Currently, there are two types of accounts on Bittrex:

  • Basic. Users provide name, address of residence, indicate the date of birth. This data is verified through open sources (social networks, for example). However, if security officers of the company fail to verify the information, more detailed verification will already be required with the participation of the user;

  • Advanced. To open such accounts, the user must provide scanned copies of identification documents along with a selfie attached;

How to buy and sell GAME on Bittrex?

According to almost any user’s review of GameCredits on Bittrex, the website offers the opportunity to trade market and limit orders. The first allows you to buy a cryptocurrency at the current price at which it is offered on the market.

Let’s suppose, GAME coin is worth $1. A user wants to buy it and is ready to pay that price. In this case, he chooses a market order, enters the volume of the transaction and presses the “Buy” button. If the user already has bitcoins and he wants to sell them, at the same time, the current price on the market fully suits him, this can also be done by placing a market order, only for sale.

Fees for services here are considered average for the global market. Bittrex charges 0.25% commission for all transactions. At the same time, payments from traders can be reduced depending on the time of the user’s trading status.

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