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1  Bitcoin / Bitcoin Discussion / Re: Step by step explanation of how Mining work. on: April 29, 2020, 01:40:03 PM
Actually I don't even have more (far) knowledge on how Bitcoin mining works, but I know what was the basic concept about mining and what are those equipment should to be use for starting Bitcoin mining. I want to share another information and ideas that can help others that would like to start mining.


How Bitcoin Mining Works?

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Bitcoin is Secure

Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

In Bitcoin mining miners are also used mining hardware equipment called antminer and this equipment has a different types base on electric consumption and maintenance.



2  Economy / Economics / Re: Corona has killed economy of many businesses on: April 28, 2020, 11:58:11 PM
As of this day corona virus is in a very serious stage since the number of being affected are  totally hundreds of thousands and the death troll is increasing. That's why world lockdown is still implemented and many countries including our country is under this situation now a days. We  are hoping that this corona virus will end soon and the vaccine for this virus will become available because world economy are continuously affected and thousands of people suffering this catastrophic event in the history.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency & Mobile Gaming on: April 28, 2020, 11:41:14 PM
The ideas regarding cryptcurrency in different types of computer and mobile gaming application is not a new issue since the first launching of games are using virtual money to buy items and to upgrades as a premium account. However this new generation of mobile games (Ludena Protocol) is more interesting because by playing games you can earn coins or token. This is not a bad idea at alll for all crypto enthusiast because they can sell their token on the designated exchange but collecting users information in not a good thing for me because this can be done or use in different fraudulent activities.
4  Economy / Economics / Re: Chinaís second corona wave can it crush itís economy? on: April 28, 2020, 12:40:53 PM
It is not possible to collapse the economic of China, even the Corona virus is came from in Wuhan one of the largest and developed city in China. The destruction of corona virus is less compared to other countries like America, Italy, and Spain etc, it is because they have already a vaccine and also they have advance technologies to prevent widespreading of viruses.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: BOUNTY PAYMENT MATTERS on: April 27, 2020, 11:16:14 PM
This is a good suggestion! Maybe we should give importance all bounty hunters because they are really helped campaign to promote their projects. Not only because bounty pool have a small percentage of total allocation, the bounty hunters are useless. I think this is a good idea to require incoming new projects to give an advance fund before entering here in this forum to secure bounty hunters privilege to earn their rewards for hardworking if Incase the project or campaign are scam.
6  Bitcoin / Bitcoin Discussion / Re: Wallet advice? on: April 27, 2020, 11:01:15 PM
Bitcoin has taken the world by storm, offering a currency alternative to the government-backed currencies we all know from daily use. Proponents argue that the digital currencies are easier, safer, and offer better privacy than traditional currencies. Because the value of a Bitcoin compared to the U.S. dollar and other currencies has skyrocketed over the years, it has shown up on some peopleís radar as an investment opportunity as well.

Before you put a dollar into Bitcoin or any other cryptocurrency, it is important to understand the risks. Bitcoin could easily double in value over the next few years, but it could just as easily drop to near zero in value. Only put in what you can afford to lose because there is a chance you wonít get it back. If you understand the risks and youíre ready to move forward, any of these best Bitcoin wallets should have you covered.

For keeping your Bitcoin there are several wallets that you can use to store your Bitcoin. 1. Coinbase the most recommended wallet 2. For the best security 'TREZOR' 3. 'Electrum' for desktop computer wallet 4. 'BLOCKCHAIN' Best online wallet 5. 'MYCELIUM' for mobile wallet 6. Best for Intuitive Desktop Use 'EXOSUS' and last Best for Free Buying and Selling: Robinhood.

Those are wallets that you can use to keep your Bitcoin safe but it depends on the availability or where you prefer to use.
7  Other / Off-topic / Re: What is your thought during ECQ on: April 27, 2020, 01:31:48 PM
There's a lot of conspiracies regarding on this global pandemic that actually confuse our minds. For me instead of accusing someone or anyone on this world situation is not a good idea and possibly it may not help to us. This corona virus is not a simple thing because the whole world is affected and there are no exception either you are rich or poor so this is not a time to judge people, country, or whoever, whatever this virus came from. But helping each other is the right key and solutions in order to solve this problem and to fix our wrong ideology and beliefs.
8  Economy / Economics / Re: Oh look! Another covid thread..... on: April 26, 2020, 11:51:06 PM
The fact that we really don't know what was the real cause of this COVID is very strange. A lot of conspiracy theories raise their understanding together with their information that supports the idea that this virus is not came genetic mutation from animals but rather a man made viruses. However many people around the world believe that this is not deliberated, but some people speculate that this is created by human as a biochemical weapon that engineered to to kill thousands or even a million people.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Ways To Distribute & Promote a New Coin on: April 26, 2020, 11:21:20 PM
The best way to promote coin or if you! Talking about to sell your coin, I think find some available exchange that your coin is already tradable and has already have a good value. Like here in this forum you can also promote your coin by talking to someone who were interested and have a plan to buy your coins. Buy make sure that you are talking to someone who really want your coin not for the scammers.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: May I buy Bitcoin & Ethereum now? Or I am late? on: April 26, 2020, 02:43:00 PM
I just read an article that bitcoin halving can make a big jump in Bitcoin and Ethereum price. They said Bitcoin can hit 10K USD, and for that, the author described 5 reasons! So, should I buy now or the price is already high? Which will be more beneficial, Ethereum or Bitcoin? Please help me out.

Thank you.

Well If you are looking for a profitable way to earn money instantly by reading only news or articles about Bitcoin's price jump up, I think it is not advisable for a beginner or new in this environment. Everyone knows that investing ij crypto currency is risky because of the volatility of the market however it depends on your own decisions and perseverance and knowledge on how you manage your money. ;
11  Alternate cryptocurrencies / Altcoin Discussion / Re: I want to know whether it is right to join bounties? on: April 25, 2020, 11:43:46 PM
Well if you are looking for good way to earn money, joining in bounty campaign is a good idea however because of wide spreading of scam project it would not be easy to find good campaign that may give you a better rewards. But when you talking upgrading your rank here in this forum I think making quality post writing good articles that probably helps to other will lead you to rank up by giving some merits on your pots. In addition not only getting money why we're here but learning and inspiring people is one of the best rewards that we can get here.
12  Economy / Economics / Re: How Will the current pandemic affect the crypto market? on: April 25, 2020, 11:14:01 PM
When this pandemic started spreading around many people was being affected, especially in the market remember Bitcoin is at its top which is $10,000 dropped to $4,000 because almost all crypto currency was been affected. But during lockdown people realize that Bitcoin price raising gradually, it is because of people don't know where they should get money since all works are being suspended. That is traders and investors take advantage this situation to invest in Bitcoin because some speculations that cryptocurrency will become a good bit assets for better future.
13  Bitcoin / Bitcoin Discussion / Re: CORONA Spreading in many countries. Bitcoin is one Solution for Transactions!! on: April 25, 2020, 06:44:38 AM
Because of this global event ( Corona Virus) there are many people suffering right now. Due to the fact that all the things that involves in economics, transformation, jobs and even other works that may help people to live peacefully. This virus affects even buying for some goods without contact through other people since viruses can transfer through touching things that has affected of this viruses. So Bitcoin (crypto currency) is one of the useful way in order to buy good's and services such as paying bills and I think this is very helpful for us for this pandemic event.
14  Economy / Economics / Re: Chinese Strategy? on: April 21, 2020, 11:45:53 PM
There are so many speculation regarding this Pandemic, but this is not a joke! but rather this is a real sorrow to the world. Is it very hard to see people dying lost their love once, family without being with there side. This global plague create a huge changes in terms of economy, some countries didn't know what they are suppose to do just to prevents crushing their economy and losing their people.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin is getting more adopted in my Country on: April 21, 2020, 11:19:53 PM
If this 'Bitcoin ATM' is a real thing or existed, then I think everyone feels so pleased. This is one of the first step through the Bitcoin innovation, creating automated machine has a good impact to all crypto enthusiast and other people who really works and believe that Bitcoin adaptation is quite possible as a worldwide currency. This is a great start for everyone who's work hardly in crypto world.
16  Other / Beginners & Help / Re: Well Organized Scam Projects on: April 21, 2020, 10:55:32 PM
There's a lot of projects that was created so perfectly, even you search deeply in order to determine whether it is scam or promising projects there is no simple way to find out. Some projects cost million dollars providing realistic project platforms including whitepaper, websites, team developers and many more. So the possibility to know or determine a scam project is quite difficult, but if you are here in this environment (crypto world) and a lot? Experienced you had about different types of scam I know that you have other way or strategy to avoid and break this problem.
17  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: April 21, 2020, 10:35:57 PM
People didn't recognized Bitcoin as a medium of exchange it is because a lot of people don't know what Bitcoin really is. The first thing that they didn't understand about Bitcoin is properties like the actual or physical properties of this currency, they didn't know that it works virtually. Volatility and other factors the affect Bitcoin stability are those reasons why people especially the government could not recognize this kind currency as a primary exchange.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Ethereum Wallets on: April 21, 2020, 11:11:56 AM
Best Ethereum Wallet? for me there's no best wallet in best hacker, we know that every wallet it's either online or offline has a third-party even you are using web wallets there is a possibility to lose your cryptocurrency. Even Ledger Nano or Trezor has a chance to lose or anyone can steal your hardware wallet. But for me! We are talking for the best wallet that were using right now, rather to a wallet that we are comfortable to use.
19  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Education on: April 21, 2020, 10:44:11 AM
Well I think Bitcoin is probably taught in some schools or universities but it is indirectly, meaning cryptocurrency are introduced in other way such as creating or developing certain programs that deals with Mathematical and technical studies. Like a blockchain technology it is more complicated program that made by individuals or a group of intelligent people.
20  Economy / Economics / Re: Cryptocurrency can not replace fiat currency. on: April 20, 2020, 11:58:18 PM
There is a possibility that cryptocurrency can over take fiat money but not replace it. Maybe after few decades cryptocurrency will grow and become more valuable than Fiat money because of technological advancements of economy. Cryptos will become more advantageous than other way of transportation, transactions, and also transferring wealth.
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