Monday, 25 September 2017

Ethereum Mining Difficulty Reaches Record High

The second biggest cryptocurrency Ethereum has seen a huge jump in difficulty as it has never seen before. It is currently at the time of writing hovering around the 3TH mark which may cause a big big problem for home GPU miners. I know I turned off my little GPU farm a while ago and sold it all when the RX480 prices were insanely high, my question now is how much has this affected your earnings? I am not sure if I have ever seen such a rise in difficulty so quickly with majority of the rise taking only 24 hours to reach its peak

I would be very interested to hear from people who have Ethereum mining rigs

First Bitcoin Only House Purchase Completed in Texas

Everyday is another milestone for Bitcoin, today we have seen another price drop this week and another recovery things have been a bit crazy recently. Although this has not halted progression, we have now seen the first Bitcoin only house purchase be completed in Texas. Alot of you may not think this is much of a big deal but believe me it is. This adoption is important as it will increase momentum, publicity and price cycle, which will only grown Bitcoin.

The new owner sent the Bitcoin to the seller who then converted it into USD and he had this to say

"In all of my 33 years of closing transactions, I honestly couldn't have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to US Dollars and the deal was done!”
Must of used a high transaction fee :) but seriously this is just another step to widespread usage of  Bitcoin

Wednesday, 20 September 2017

Electroneum Mobile Crypto Currency

Today I have come across Electroneum which is an ICO that is gathering a big following and from watching the video above you can see why. One of the hardest things with crypto is getting started and learning everything from wallets to mining, as the video says Electroneum aims to end this and make crypto more accessible to more people.

The future as the video says is aimed at gamers, a currency that can be used between games and transferred into real money. It has a great team behind it and I definitely think it is worth keeping an eye on

Check out Electroneum here

Google Looking To Accept Bitcoin Payments With API Change

Rumours were flying around that Google was about to make an API update to their own browsers and others that would accept Bitcoin as a payment option. Today with an update that was confirmed within the API change that it looks as if Bitcoin will be a viable payment method via your web browser.

As you can see in the above screenshot it accepts the payment type as XBT which is the currency symbol for Bitcoin. This is a major step in the direction of being able to make payments with Bitcoin, my only worry is would the Bitcoin network be able to support this many payments this quickly?

Again this could be a load of nothing more than wishful thinking but I see this a future readiness for fast Bitcoin payments

Monday, 18 September 2017

RNDR Render Token Blockchain Based GPU Rendering

With so many new tokens being released based on the Ethereum network it is really hard to pick one from the crowd that stands out. I have come across render token and read the whitepaper and can honestly say that this is a token with a genuine purpose and would benefit alot of people

Render Token aims to make massive GPU rendering power available to the masses at a fraction of the cost for rendering light-fields and more. Light-fields can be thought of as volumetric representations of a scene, where every view possible has already been calculated, allowing for real-time playback of cinema-quality scenery, even in demanding applications like virtual reality. Normally this kind of technology is only for the huge companies that can afford supercomputers but with RNDR we can all put our GPU's to use and get paid for our input.

If you are struggling to get the concept think of Folding@home or SETI@home you are sharing your computing power only difference is with Render Token they will pay your for your input

More here:

Thursday, 14 September 2017

Wednesday, 13 September 2017

How One Tweet Can Crash Bitcoin Price

If today you are looking at the Bitcoin price thinking to yourself what the f*ck has happened then let me tell you what I know. At the time of writing Bitcoin is down to the lowest we have seen in a while $3789 and it is all due to one mans tweet.

Charlie Lee a well respected figure in the world of crypto tweeted that Bitcoin was going to be banned in China and he had heard it from a reliable anonymous source. This was huge, this instantly had an effect on the price as we saw it start to crash down from $4500. Then the tweet gets edited, it gets edited to Bitcoin EXCHANGES are going to be banned in China. Now the difference between Bitcoin being banned and Bitcoin Exchanges being banned is massive, exchanges should have no real effect on the world but had it of been Bitcoin it would of affected everyone.

Now my question is this, was this a huge paid off pump and dump on a scale we have never seen before. If investors had millions waiting knowing this one tweet was going to cause a price crash then this could make them an absolute fortune in profit.

We will have to wait and seem when it recovers

Sunday, 10 September 2017

Keep Track Of Your Bittrex & Poloniex Trading Free

Tracking your trading can be one of the hardest and most annoying things you have to do, we have found you some alternatives before. Blockfolio for tracking long term holds but you have to input everything manually and the free Poloniex spreadsheet which is good but only does Poloniex stats. If like me you use multiple exchanges these generally aren't good enough, today I was pointed in the direction of Altpocket.

Altpocket is very new and still currently in Beta stage but it is a tracking system online where it imports all of your Bittrex and Poloniex trades and tells you your profit/loss. Its as simple as importing your APi keys and the Altpocket does the rest. Another nice touch is they have created it like a social platform aswell which allows you to have interaction with the rest of the community

Check it out here 

Sunday, 3 September 2017

Best Android App To Track Your Crypto Portfolio

One of the hardest things to do can be tracking all the crypto you have invested in if you have it located in different wallets and different exchanges. Also sometimes you just want to see if you have made money at the push of a button. Well now you can. Blockfolio is a simple app for Android and iPhone which simply does what we wanted as above. Simply put your purchase price in and the app does the rest tracking prices and working out how much profit you have made or how much loss, although we hope it is profit :D

Another very useful feature is being able to set alerts when currency hits a top price or bottom price you want alerting for, very handy if you are looking to sell or use as a stop loss.

Check out Blockfolio on the Appstore or Google Play Store

The official website is here

Saturday, 2 September 2017

Altcoin Forecasts

Today I came across a website that will interest alot of new traders and alot of people that are thinking of getting into trading. The website is Altcoin Forecast and it does exactly what it says, they provide short term and long term graphs on possible market movements. Do remember though these are only market predictions these are not guaranteed, so don't start putting lots of money into a  coin because they said it is going it go up, it is merely a guide.

Im going to monitor a few coins they have done graph predictions for and will see what happens, I have read lots of good feedback so far

Go and check them out here