XMR Mining Tips – Your Need To Know Guide

The post XMR Mining Tips – Your Need To Know Guide appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Despite the highly competitive market for cryptocurrencies, Monero (XMR) has managed to establish itself as a cryptocurrency worth paying attention to. Launched in April 2014, Monero has climbed the ranks to comfortably sit in the 10th place slot. Monero has become a preference for investors and miners alike as it made a powerful performance last year. Entering 2017 in January at only $10, investors saw returns of around 4800% as the price shot up to $494 in January 2018. In this post, we will be going over a few XMR mining tips.
XMR Mining Tips
If you’re starting XMR mining for the first time; You’re going to need a mid-range CPU, paired with a good nVidia or AMD GPU. Unless you have 100+ GPUs however, pool mining may be your best option as opposed to solo mining; xmrpool.net offers users both a mining platform as well as a mining pool, giving miners a quick and easy transition into getting started.
To get the most out of mining Monero, you’ll want to try to maximize your output capabilities. The hardware you choose to mine Monero will dictate your output. The first step you should take before anything is deciding whether you want to use your CPU to mine or use your GPU.

CPUs: The AMD FX380, AMD Opteron 6272, or the Ryzen Threadripper 1950X.
GPUs: The AMD R90 280X, Radeon HD 7990, or the XFX R9 295X2

If you want to make a relatively cheap mining rig specifically for Monero, you’re in luck. You can purchase an AMD Opteron 6272 for around $50, and an R90 280x for around $140. The AMD Opteron 6272 is a force to be reckoned with, despite its low price. This underdog of a CPU can kick out a whopping hashing power of 415 H/s. Paired with the R90 280x and 16GB RAM, you’ll have a budget mining machine tailored for XMR mining.

Change of Monero blockchain growth rate thanks to Bulletproofs:https://t.co/iP2Clab3Jd pic.twitter.com/b39XI0AhSm
— Stoffu Noether (@stoffuxmr) October 31, 2018

Smart Mining?
Monero has a feature called ‘Smart mining’. This is the process of using a throttled mining ehardware that only mines when it is not facing drawbacks. These drawbacks can be an increase in heat, battery life depleting, or the machine slowing up in general. This is done in an attempt to increase network security by having as many people as possible leave their smart miners running 24/7. For smart mining to work, the mining hardware must be unobtrusive or it will be shut off. As a result, using smart mining will often mean you are mining slower than a normal miner using the same hardware.
Smart Mining can be set to run in the background by opening up the daemon (MoneroD) and entering the following code:
Replace <addr>with your address and <threads> with the number of threads you have / would like to use. The ending true statement enables background mining.
Example: start_mining 43sinfdanax…e4w85vncf 4 true
This will make the computer mine at a small percentage if CPU use is below 10% and if your battery is charging. You can alter this to use battery life with no power source by using the following command instead:
start_mining <addr> <threads> true false
While this may not be the most profitable way to mine crypto, it’s the best way to implement decentralized mining. Smart mining provides users an easy way to mine Monero on a personal computer they may use for gaming and/or daily tasks.
Faster Blockchain Syncing
XMR mining tips can be hard to come by. Mostly because it’s a pretty straightforward process. Once you’ve configured your mining hardware and software, you’re good to go. But we’ve found that syncing to the Monero blockchain can be a long process, taking days at a time sometimes. Luckily, this can be changed. When running MoneroD, the “–block-sync-size” attribute makes all the difference in the world. On my machine, with an SSD and semi-decent hardware (I7-2620M, 16GB RAM, and 8MBPS download speed), I’ve found that starting out with around 500 blocks works very well. If you’re on Linux, it’s even easier to set this attribute. To start the daemon with this configuration, simply type:
“sudo ./monerod –data-dir [path-to-blockchain-dir] –block-sync-size 500″
Once the blockchain download got to about 15gb in size and had roughly 200k blocks left. Then I noticed reducing the block size down to about 50 was much faster than before. This setting could be dependent on the hardware and internet speed you have, so be sure to monitor your transfer speeds. Experiment with your block size until you find a setting that gives you fast and stable transfer speeds. These configurations allowed me to download 15GB of blockchain data in 2 hours, which is far better than a few days or even more when using default settings.
If this doesn’t work for you, there is a full in-depth guide on how to speed up the initial blockchain sync for all platforms here.
Conclusion
On March 24th, 2018, the Monero developers made a statement many people didn’t expect. The project’s lead developer Riccardo Spagni stated that Moneros coin protocol would change every 6 months in an act to make XMR less appealing to ASIC miners. This measure was decided shortly after Bitmain released the new Antminer X3 ASIC miner, a highly powerful crypto miner designed specifically for the CryptoNight algorithm.

If you take monero as a base layer with tumblebit as a lightning router, then it becomes incredibly powerful. That to me is the maximum ammount of privacy we can get today. – Riccardo Spagni, Lead developer of Monero

Following Monero’s bulletproofs update, now may be a great time to trade XMR as trading fees are down by a whopping 97%. Monero miners often find value out of trading their XMR tokens for BTC on cryptocurrency exchanges such as iCE3X. Our trading platform offers 0% fees when trading XMR/BTC pairs. This offers XMR a great way to build up their bitcoin portfolio while mining another cryptocurrency. Take a look at our trading fees and make your own discount plan in preparation for trading with us.

While mining may be lucrative at times, the current market environment makes mining a hard game to play; unless you’re willing to spend thousands on top-tier mining rigs. Regarding the case of Monero, the only way to get ASIC miner-like hashrates would be to make a multi-GPU mining rig.

The post XMR Mining Tips – Your Need To Know Guide appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

Cardano Staking! This is how you “mine” Cardano!

The post Cardano Staking! This is how you “mine” Cardano! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Cardano is a decentralized blockchain with an open-source platform. Cardano uses a proof-of-stake mining (Cardano Staking) algorithm called Ouroboros. The consensus this algorithm uses is generated by coin-holder votes. Slot leaders hold ADA, a native platform token and generate new blocks on the blockchain by confirming transactions. Mining Cardano doesn’t work the same way as mining Bitcoin or Ethereum as all ADA tokens already exist. In this post, we will be going over how Cardano mining works.

I am excited for 2019 phase of Cardano. Nice deep dive here about Staking — which takes next steps w/ Shelley release in 2019 https://t.co/lHY6dYHcCW Early days, slow grind, hard work still ahead. Cardano community is growing – putting puzzle pieces together. https://t.co/hfyotvLhnl
— Garry Golden (@garrygolden) October 23, 2018

Proof of stake mining
Normally, you mine with your computer system or mining hardware and get coins as a reward. This is how new transaction validation works on a blockchain. This is the proof-of-work consensus. There is a second method of mining called proof-of-stake also. Instead of using your hardware to confirm new transactions, it’s done with the coins you already own. A certain amount of your crypto coins are on the stake dependant upon the implementation of the PoS consensus. Users will get a certain percentage of their coins as a reward.
In a nutshell, staking is akin to earning interest on the crypto coins you already own. This is a reward for supporting the network by holding crypto coins and running a node. If you have crypto coins in a wallet that uses PoS, your coin supply will continue to grow for as long as you are holding on to them in the wallet. As staking is related to time, the amount of time your coins have been in your wallet effect the amount you are paid in crypto as a reward.
How does Cardano staking work?
 
Cardano uses a custom proof of stake algorithm named Ouroboros.
This system determines how individual nodes reach a consensus on the network. The Ouroboros algorithm is a key feature of the infrastructure supporting the ADA cryptocurrency, whilst also being a major innovation in blockchain technology. The Ouroboros consensus negates the need for power-hungry hardware, contrary to the proof of work consensus. As a result, this opens up the blockchain scaling for a much wider use.
Cardano mines must stake their funds. This form of mining node is a stakeholder. All stakeholders have a chance of becoming a slot leader. However, not all stakeholders will have a say in this election. Miners will need at least 2% of the total stake in order to become an elector. Electors will vote on a slot leader for the next epoch during the current epoch. This election is somewhat of a ‘fair lottery’. Though stakeholder can become a slot leader, the more ADA a user has, the higher their chances are. Each slot is published in 20 seconds and a stakeholder is elected for every new slot.
Conclusion
While Cardano Staking this seems like a great way to earn ADA without doing anything, the current Cardano network traffic is too low for this to be a viable option. Many people decided to HODL their ADA coins last year with hopes of making a living off of proof of stake in 2018. They were in for a surprise when they found that even if you own 1 million ADA, you will only make $0.50 cents per day off of staking interest. As it currently stands, the slots will need to become around 1000x bigger in order for the yield to be a fraction of a percent per day.
While HODLing ADA may not be the best option, users are always able to trade it on cryptocurrency exchanges like iCE3X to make a profit. Our ADA trading markets went live on August 1st, 2018, providing 0% fees when trading against ADA/BTC pairs. If becoming a stakeholder doesn’t seem like a lucrative option for you, trading may be your best bet. Be sure to do your own research before investing any of your finances, and only use money you can afford to lose.
What do you think about Cardano? Is it a cryptocurrency worth investing in? We believe that Cardano has a lot of potentials, and may even become one of the most popular cryptocurrencies over time. Are you into cardano staking? Do you think to invest in? It’s like a real banking, you put money and make money while doing basically nothing. Think about it!?
 
The post Cardano Staking! This is how you “mine” Cardano! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

Ledger Cryptocurrency Hardware Wallet GIVEAWAY | NOV 2018 | iCE3X

Ledger Cryptocurrency Hardware Wallet GIVEAWAY | NOV 2018 | iCE3X

The post Ledger Cryptocurrency Hardware Wallet GIVEAWAY | NOV 2018 | iCE3X appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
The iCE3X Crypto Wallet Giveaway allow participants the chance to get their hands on a brand new LEDGER Nano S cryptocurrency hardware wallet. We are offering the Ledger Nano S as the first prize for the lucky draw in our giveaway (which has an approximate value of R2000.00). The competition is running from 1 November 2018 and will finish on 30 November 2018 at 12 am GMT+2. Ledger Giveaway November 2018 runs now!!!
Your Online Security
Online security is very important and most noteworthy when it comes to your cryptocurrency.
As everyone knows you should never store your cryptocurrency on an exchange or custodial wallet, but rather in a wallet that you control the private keys for.
The Ledger Nano S is one of the latest “next generation” hardware wallets on offer by the French company, Ledger. It is also the best combination of security and ease of use for storing your cryptocurrency securely.
6 Ways to enter the Ledger Nano S Competition
LEDGER Crypto Wallet Giveaway | November 2018
How To Enter Ledger Giveaway November 2018
There are 6 different ways to enter the crypto wallet giveaway. Firstly you can simply enter using the entry widget in this post and get as many extra entries as you like. Remember to share your affiliate link and tag us on social media, or else you can not be eligible!
You MUST share your affiliate link and tag us in the post for your entry to be considered.

Especially relevant is to find your affiliate code here: https://ice3x.com/account/affiliates
Tag us on social media when you share your affiliate link using: @ICE3X
Like the iceCUBED Facebook page https://www.facebook.com/ICE3X

Example of a post:
Trade cryptocurrency in #SouthAfrica with me on @ICE3X exchange here https://ice3x.com?ref=14335229 Cryptocurrency: #ADA #BTC #BCH #ETH #LTC #DASH #ZEC  #DOGE #XMR
If you use the above example, please also remember to change the affiliate link, to your link on the exchange which you can also find here https://ice3x.com/account/affiliates. Learn more about the affiliate program and the commission structure on the exchange here: https://ice3x.co.za/affiliate/
Congratulations to the Winners of the October 2018 Competition:
Our lucky 1st prize winner for the October 2018 giveaway is Mbuyiselo Nkaobela from Durban, South Africa. You can also see the list of TFDP winners below:

Rules for the Crypto Wallet GIVEAWAY

You can enter our Crypto Wallet GIVEAWAY as many times as you like. In fact, you should set a daily reminder 
Please share your affiliate link as a status update/comment. Furthermore, you have to tag us (@ICE3X) for your entry to be considered for the Ledger Competition August 2018.

The post Ledger Cryptocurrency Hardware Wallet GIVEAWAY | NOV 2018 | iCE3X appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

Top Blockchain Applications Making Waves in Commercial Real Estate

The commercial real estate (CRE) industry is comprised of many different types of service providers, including property management, brokerage firms, banks, and other types of lenders. When a CRE transaction takes place, there are various operators involved, requiring extensive sharing of official property documents, and financial information which need to be validated. The requirements for validating all information across all parties slows down the speed of each transaction, which can take weeks and months to complete. Many CRE firms have turned to blockchain to speed up execution times, decrease error and increase transparency in each transaction.
What Is Blockchain?
Blockchain technology is a way to store and transfer information in an encrypted manner by distributing data instead of copying it in a central location. Blockchain does so through a cloud, peer-to-peer network that eliminates the need for a third party, which ultimately reduces transaction fees. A digital ledger is then created and updated with each financial transaction in blocks.
There are plenty of benefits to making transactions and transferring data using blockchain as the technology is not controlled by one central entity, such as a central bank. This means that breaching these blocks is extremely difficult, maintaining the sanctity and transparency of its transactions and data.
Blockchain is the backbone of cryptocurrencies such as Bitcoin, which offer speedy and low-cost ways of sending and receiving money.
Faster Transactions
One of the most exciting ways blockchain is disrupting the CRE world is in the form of smart contracts. The industry currently relies on an inefficient system of old-school verification of property ownership by conducting research to ensure the property belongs to the party who is selling it.
Blockchain can reduce the speed in which the chain of custody regarding CRE properties takes place as a property’s title would be stored on a public ledger. This would remove the need for another central repository, thus reducing transaction, state, city and legal costs. The same principle would apply for leases that would be recorded via blockchain.
More Transparent Deals
Blockchain can also ensure that real estates assets are more liquid and the terms of the agreement are fully understood by both sides as every piece of data regarding a property would be stored publicly. This includes data surrounding former owners, construction done on the property, past maintenance costs and records regarding former inspections.
Having all this information available would give the investor a more comprehensive idea of the property they are investing in. Blockchain essentially ensures that everyone is on the same page and both sides are fully aware of what they’re getting into as every piece of information is out there for anyone to access.
Digital Paper Trail
Another challenge with the CRE industry is the fact that public records can be outdated, unreliable or not available. Following a property’s paper trail can be time-consuming and frustrating as a lot of this information is lost due to poor organizational skills from industry workers and legacy systems that lose data when updated.
With blockchain, every piece of information on a property would be available in the same place rather than in multiple physical and digital domains. Blockchain would also help to eliminate the type of fraud that sometimes exist in the industry as deeds and titles can be counterfeited easily.
Buying Property With Cryptocurrencies
As previously mentioned, Bitcoin is a cryptocurrency that relies on blockchain to complete financial transactions online in a matter of seconds. Some investors and real estate firms have started adding Bitcoin to the industry, including Ivan Pacheco, who bought a two-bedroom condominium in Florida for $275,000 in Bitcoin.
In the residential space, you can buy a condo on the Lower East Side of Manhattan with Bitcoin. Meanwhile, some apartments in New York City are allowing their tenants to pay for rent using Bitcoin. Cryptocurrencies have been historically volatile and they’ve been on the decline since peaking in December 2017, but some investors believe that the future of real estate will be closely tied with Bitcoin and other digital coins.
Nevertheless, blockchain’s role in the CRE industry is becoming more prevalent each day. The technology’s potential to speed up transactions with smart contracts, its ability to add transparency to a deed or title and the fact that it dramatically decreases the chance for fraud suggest that more investors will flocks towards firms that use blockchain for CRE transactions.

The post Top Blockchain Applications Making Waves in Commercial Real Estate appeared first on MiningCave.

Cardano VS Bitcoin – Cardano (ADA) — better than Bitcoin, but can it be the best?

The post Cardano VS Bitcoin – Cardano (ADA) — better than Bitcoin, but can it be the best? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Cardano vs Bitcoin and why we have chosen this comparison? There are many reasons why cryptocurrencies are attempting to overtake Bitcoin. After all, it’s the biggest cryptocurrency on the market. Nearly all cryptocurrencies use some code or some features pioneered by Bitcoin in an attempt to make a better version of the digital gold. One of Bitcoin’s biggest gripes is scalability. With Cardano’s implementation of smart contracts, scalability is hardly an issue. Be that as it may, Cardano wasn’t created to replace bitcoin or to be the best, but it sure puts up a good fight.
Why Cardano (ADA)?

$ADA All eyes on you #Cardano https://t.co/UV2xzOgPaN pic.twitter.com/Ngx77OHRHQ
— HODL (@HodlBitcoin2020) October 20, 2018

Great investment opportunities don’t come around often. Even when they do, they can often be hard to identify. Bitcoin was trading at pennies in 2010, now, people have become multimillionaires by investing in it early. The only reason everyone didn’t invest in bitcoin at the time was that the concept was difficult to understand, or it was seen as a scam due to all the FUD that was being spread following its announcement.
At the moment, there is nothing too special about Cardano (ADA) as it is a work in progress. The team behind Cardano are not overhyping anything relating to the project, and it’s not focusing on making people “a quick buck” with investment opportunities. Instead, they simply give raw technical updates about Cardano and talk about the future of blockchain technology. For someone looking to make quick money by investing in a project with goals bigger than they can possibly reach, Cardano would seem like a waste of time. But delving deeper into the technology that comes with it, and the potential that it has, Cardano is a promising cryptocurrency.
Cardano VS Bitcoin
A good way to consider the future potential of Cardano vs Bitcoin, is to imagine a parallel universe where things were the opposite. Imagine Bitcoin had released in 2009 with a proof of stake consensus as well as quick and cheap transactions. Now imagine 5 years later; Cardano is doing the same thing as Bitcoin but with $3 transaction fees that take 10 minutes to process, and a proof of work consensus that uses ridiculous amounts of electricity. I’m pretty sure Cardano would be obsolete within a month after proposing these features if this were the case.
Regardless, I believe it will be interesting to see if any other cryptocurrencies on the market will even make a dent in bitcoin’s lead in the long run. Cardano is a new idea with technology that could help Bitcoin and even other altcoins to scale better. The truth is, Bitcoin hasn’t been practical for over a year now. While you can purchase items for bitcoin, it takes far longer for transactions to process than coins like Cardano, Litecoin and Ethereum. At this point, people mainly trade Bitcoin for profit. Bitcoins functionality is almost obsolete when looking at other altcoins on the market, such as Cardano.
If anything, Cardano is more in competition with Ethereum (ETH) than it is with Bitcoin. Ethereum currently has a strong headstart when it comes to adoption, and that can be very difficult to overcome. Even with superior technology, high velocity is often too difficult to overcome. But both coins offer smart contracts and low fees paired with extremely fast transaction times. Cardano is definitely giving the cryptocurrency market a run for its money.
Sidechains
A Sidechain technology that allows different cryptocurrencies to interact with one another. Sidechains add flexibility and allow developers to experiment with beta versions of altcoins as well as new software updates before adding them to the main blockchain. Generally, traditional fiat banking functions issue and track ownership of shares. Devs can test this on sidechains before pushing them to the main blockchain. If the security measures in place for sidechains are able to become stronger, the sidechain technology will hold huge potential for vast blockchain scalability.
There are two current sidechain platforms. These are RSK (Rootstock) and Ardor’s Blockchain.

RSK: Rootstock created an open-source testnet named Ginger for its sidechains. RSK has a two-way peg with Bitcoin’s blockchain and it rewards Bitcoin miners through merged mining. This is done to enable smart contract capabilities on the Bitcoin blockchain, consequently making payments much faster and possibly cheaper.
Ardor’s Blockchain: This is a service platform for businesses. Using the proof-of-stake consensus mechanism, Ardor’s sidechains are ‘Childchains’, with tight integration onto the main blockchain. With Ardor, security is heightened as all transactions are processed and secured by forgers on the parentchain. As a result, most transactions are sent to the childchain, and the main chain retains minimal features. Users are also able to access Global entities (such as assets and currencies) through childchains.

Is Cardano worth investing in?
If you see me trying to boost the price of Ada, then I’ve been compromised and sell all your Ada. Cardano will be valuable based upon hard work, real world use and the utility of the platform. I’m not here to make day traders rich. I’m here to change the world. – Charles Hoskinson
Cardano brings many great features to the table. With a blockchain that offers better value pans and confidence; the Cardano team knows that all crypto investors are looking for great value, trustworthy crypto. Nobody wants to invest money into something only to be afraid of what could come next.  Cardano could be a good crypto to invest in. With scientific procedures supporting it and futuristic goals, two main factors keep ADA going. The dedicated developer team behind it, and the loyal consultants on the open-source network that is Cardano.
The Cardano project is still under development. As it currently stands it’s already a viable bitcoin alternative, providing fast transaction speeds and secure transactions. We believe that Cardano could potentially become one of the top 5 cryptocurrencies once the development stage is complete. Will you be investing in Cardano? If so (or not) why? Let us know your thoughts in the comments below!
The post Cardano VS Bitcoin – Cardano (ADA) — better than Bitcoin, but can it be the best? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

XMR Mining? Ready, Set, Go!

The post XMR Mining? Ready, Set, Go! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
XMR mining! There are many reasons why people start mining cryptocurrencies. After all, it can be a great way to subsidize the purchase of a new GPU. If you’ve just purchased a new computer system with powerful hardware, XMR mining might be a good place to start. Monero is built on the CryptoNote algorithm, using less electricity than Ethereum, Ethereum Classic, and UBQ coins as well as Equihash coins. This will result in lower temperatures so if heat output is a concern this is a great option. XMR mining isn’t very intensive on your GPU, so you can ensure better longevity by mining XMR.
How does XMR mining work?
Certain mining platforms are compatible with windows and mac. Services like xmrpool.net offer users the ability to mine with a CPU, GPU, or even with both at the same time. XMR mining using these types of services has a low barrier of entry, making this a viable option to a vast audience. The whole process of downloading your mining platform and setting up your configuration will take no longer than 20 minutes.

With the right hardware and configuration settings, Monero mining can definitely be a profitable option. The cost of electricity in your area is a factor that will heavily determine if cryptocurrency mining will be more or less profitable for you. With access to cheap or even free electricity, mining Monero could make you a considerable amount of money. Monero’s mining algorithm doesn’t support ASIC miners, as a result, the best option for miners would be to use their own personal computer. As a result, there are two main things to consider before mining XMR: The hardware you’re going to use, and if you’re going to join a mining pool or not.

Mining Pool XMR
If you’re just starting, joining a mining pool might be your best bet. Sites like moneropools.com provide a list of different XMR mining pools. With visible fees and hash rates, users are able to find the mining pool that best suits their needs. Though XMR mining is legal in South Africa, you will still need to pay tax on it. While cryptocurrency is not legal tender in SA, SARS state that it will still be subject to regular income tax rules. Almost any digital cryptocurrency wallet is compatible with Monero. Hardware wallets like the Ledger Nano S we are giving away also provide users the ability to store their Monero tokens

Mining pools provide a way for users to join their mining resources together, sharing their hashing power in order to split the rewards equally among all members in the pool. Rewards are equally split according to the number of shares they contribute towards solving a mining block. If you were solo mining, your expected payout as the number of blocks mined reaches infinity would remain the same. This is not as profitable as mining crypto comes with a level of variance. As a result, mining pools have pretty much become the golden standard if you’re trying to mine for profit.
Is Monero (XMR) legal in South Africa?
Monero and all other cryptocurrencies are completely legal in South Africa. However, they are subject to income tax. Despite this, SARS does not define the word ‘currency’ in cryptocurrency in the Income Tax Act. As a result, it is important to understand that cryptocurrencies themselves are not taxable.

Cryptocurrencies are neither official South African tender nor widely used and accepted in South Africa as a medium of payment or exchange. As such, cryptocurrencies are not regarded by SARS as a currency for income tax purposes or Capital Gains Tax (CGT). Instead, cryptocurrencies are regarded by SARS as assets of an intangible nature. 

All income received or accrued from the act of crypto trading or mining is subject to taxation under the laws of gross income. This means that if you’re dealing with cryptocurrency in South Africa, you’ll need to declare all of your profits and losses to SARS in order to be correctly taxed on your crypto earnings.

In South Africa, SARS has the ability to issue and manage fiat currency in the form of banknotes and coins. Because of this, cryptocurrencies fall outside of the South African Reserve Bank’s jurisdiction. As the South African Reserve Bank doesn’t deem cryptocurrency as legal tender, let alone a legitimate currency at all, they went as far as to state that cryptocurrencies shouldn’t pose any threat toward the value of the South African rand, nor any financial institutions.


What are bulletproofs?
Bulletproofs is a highly anticipated technology; built to make privacy features on the blockchain more scalable. Invented by Jonathan Bootle and Benedict Bunz, bulletproofs promises to dramatically reduce the weight that comes with confidential transactions. Monero is the first cryptocurrency on the market to deploy this technology. For the past year, implementing bulletproofs technology has been a priority for Monero.
Now is a great time to begin mining or even trading Monero. Just a week after the bulletproofs update released; Monero transaction fees dropped by a whopping 97% going from $0.62 to $0.02. There have been predicitons that these low fees could potentially open the door for additional uses for XMR. This bulletproofs upgrade definitely makes the notion of micropayments more palatable again.
I think you can safely say a typical [transaction] fee goes down by more than 95 percent – ‘Moneromoo’ Monero Core developer
If mining isn’t exactly your cup of tea, there’s always the option to trade Monero on our trading platform. With Monero’s trading fees at an all-time low, now may be a better time than ever to get involved! Do you think you’ll be mining or trading XMR? If so, why? Let us know your thoughts about Monero (XMR) in the comments below.
The post XMR Mining? Ready, Set, Go! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

Litecoin (LTC) Coin Profile by iCE3X

The post Litecoin (LTC) Coin Profile by iCE3X appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Litecoin (LTC) was announced in 2011. At the time, Bitcoin was digital gold in the cryptocurrency world. Shortly after Litecoin was released, it quickly became regarded as digital silver. The Litecoin code is open-source, so anybody is able to modify it and freely use it for their own projects. Hundreds of cryptocurrencies on the market have released using modified versions of the Litecoin code. All with varying levels of success.

Happy 7th Anniversary Litecoin! 🐔
— litecoin (@litecoin) October 13, 2018

What is Litecoin (LTC)?
Released on October 13th, 2011, by an ex-Google employee Charlie Lee. Litecoin is a peer-to-peer open source network that features instant transactions to anywhere in the world at close to 0% fees. Essentially, Litecoin is an open-source decentralized payment network that allows users to take full control of their fiat finances. LTC users are able to sell, buy, receive and sell LTC tokens directly to buyers, sellers, senders without the need for any 3rd party involvement.
Some of Litecoin’s leading features are fast transaction confirmation times which at the time of its release, bitcoin didn’t have. As well as this, Litecoin comes with an efficiency for additional storage. As Litecoin is an open-source virtual asset, it uses the crypto industry’s blockchain to store all transaction data on a public ledger.
An Open-Source Software
Initially releasing under the MIT/X11 license, Litecoin allows any developers using its source code the authority to function and distribute modified copies of it. This process allows the independent validation of the binaries and source codes attached to it.
Contrary to Bitcoin, the Litecoin blockchain has enough power to produce an exceedingly higher transaction volume due to its ability to produce recurrent blocks. As a result, this scales Bitcoin’s infamously slow transaction times.  LTC traders can transact with almost instant processing times.
How does Litecoin differ from Bitcoin?
Despite Litecoin only being rank 7 on the market capitalization charts, LTC still holds some clear advantages over Bitcoin. Built to be 4 times faster than it’s counterpart, Bitcoin, Litecoin can handle far higher transaction volumes due to its fast block generation.

Mining blocks generate 4x faster than Bitcoin
LTC is able to handle higher transaction volumes as mining blocks generate faster
Transaction validation for legitimacy faster. 1 BTC confirmation has a wait time of 10 minutes, 2 LTC confirmations can be done with a wait time of 5 minutes.
Faster block times reduces the risk of double-spend attacks

Supply and Demand
Bitcoin has a cap of 21 million coins in circulation at one time. Litecoin (LTC) on the other hand, aiming to be 4x better than bitcoin, boasts a supply cap of 84 million coins. This has everything to do with supply and demand. If there was no limit on the amount of LTC coins available, how could there be a demand for it? Without demand, LTC prices would be extremely volatile. This may be a good thing for those looking to make a quick buck on the market, but what would that mean for the coin?
If Litecoin had a supply that increased beyond control, the value would shrink. As a result, the lower the supply cap is, the more value the digital asset is worth.
Can you profit from Litecoin (LTC)?
The cryptocurrency market has been a bull marathon for a while now. Much like other altcoins, LTC prices are usually impacted by the highs and lows of Bitcoin. Examples of this can be seen when bitcoin goes through a rough spot and the value of other altcoins increases. This often happens when investors try to make up the money they lost on bitcoin by trading altcoins on cryptocurrency exchanges.
Despite this, Litecoin has exhibited hope for the future of commerce as many merchants, vendors, and blockchain applications have begun to adopt Litecoin (LTC). As a cryptocurrency that provides almost instant transaction times, this is a great choice for merchants.
Much like Bitcoin investors, many Litecoin users have decided to HODL due to the lack of banking integration. Credit card penetration and high cross-border transaction fees introduced by remittance charges make people decide crypto is the best option.
I believe that cryptocurrency will take over fiat currency and become the reserve currency – Charlie Lee, Founder of Litecoin
Here at iCE3X, we have saved these issues with a refreshing solution that allows our users to make a profit on Litecoin (LTC).
We offer our users:

A crypto-wallet supporting Litecoin and several other digital cryptocurrencies kept in cold storage to prevent hackers from attacking.
A peer-to-peer market allowing our users to buy and sell directly from local buyers and sellers in South Africa and Nigeria with extremely low fees. Users can trade LTC and other altcoins for Fiat currency also.
A cryptocurrency exchange allowing our traders to trade crypto coin trading pairs with 0% fees.

Conclusion
Though Bitcoin still remains the gold of the cryptocurrency world, history has shown us the status quo in this dynamic and growing sector is able to change in just a few months. It’s too soon to see which cryptocurrencies we have become familiar with will still retain their relevance in a few months or even years to come.
Litecoin (LTC) is definitely something to keep your eyes on. If you’re a merchant this could be a good choice for you as transactions are anonymous and fast.  Let us know your thoughts about Litecoin in the comments below. Have you been using Litecoin (LTC)? If not, do you plan on it?
The post Litecoin (LTC) Coin Profile by iCE3X appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

25 Cryptocurrency Quotes from Supporters and Naysayers

The post 25 Cryptocurrency Quotes from Supporters and Naysayers appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Since an abundance of millionaires was made following bitcoins price shock in 2017, popularity has grown for the cryptocurrency scene. Investors, banks and governments have all had a taste of the cryptocurrency pie. Though many people mostly have positive things to say about cryptocurrency, some still think negatively about it. But does the bitcoin price matter, or does its value matter? Here are some Cryptocurrency Quotes that would intrigue you.
It’s no secret that the price of bitcoin is heavily dependant upon supply and demand. As a result, when reputable investors shun cryptocurrency calling it a waste of money, community speculation rises, and the price of bitcoin trades sideways for a while. As well as this, security concerns, new forks, cryptocurrency upgrades and widespread FUD by the media have an effect on bitcoin’s valuation.
Cryptocurrency quotes from naysayers
You can’t value Bitcoin because it’s not a value-producing asset. – Warren Buffett
We have a great educational post for Mr. Buffet. (Read more about Bitcoin Wealth Creation Mechanism and Does the Bitcoin Price actually matter).
[Bitcoin] itself is creating nothing. When you’re buying non productive assets, all you’re counting on is the next person is going to pay you more because they’re even more excited about another next person coming along. – Warren Buffett
This statement would be 100% correct … except for the fact that Bitcoin itself actually creates a distributed ledger which contains validated entries which are publicly accessible … Which other assets in the world can claim this?
I can say almost with certainty that cryptocurrencies will come to a bad end, – Warren Buffett
… a bad end for who? FIAT currencies? Anyone that predicts the future “almost with certainty” sounds more like a fortune teller than fortune maker…
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
So it seems to me it ought to be outlawed, It doesn’t serve any socially useful function.
You think that’s all from naysayers? Continue reading some more cryptocurrency quotes…
It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down, – Joseph Stiglitz (Nobel prize-winning Economist)
The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart. – Jamie Dimon (JP Morgan Chase & Co)
Avoid Bitcoin like the plague. There is nothing to support Bitcoin except the hope that you will sell it to someone for more than you paid for it. – Jack Bogle (Vanguard Founder and father of The Index Fund)
Bitcoin creates opportunities to launder funds acquired through criminal activities, tax evasion, even terrorism financing, as well as the spread of fraud schemes. – Vladimir Putin, President of Russia
In terms of cryptocurrencies generally I can say almost with certainty that they will come to a bad ending. Now when it happens or how or anything else I don’t know. – Warren Buffet
What does this negativity mean for crypto?
Nothing. As much as people want to downplay the true potential of cryptocurrency, it will remain relevant. There is no such thing as bad publicity. Countless times, people have tried to throw dirt on cryptocurrency in hopes of seeing it fail and have seen the opposite happen. It may be important to note, that many of the people who have negative things to say come from the traditional finance industry. Advice from those who have little to no expertise on blockchain technology should be taken with a pinch of salt. Many of the people speaking on bitcoin have ulterior motives.
The rise of cryptocurrency would result in their business not being as lucrative; a nightmare for these people. Just because someone is famous or reputable doesn’t mean everything they say should is true. The truth is the technology and potential of bitcoin are still being explored. Cryptocurrency is in a far superior state compared to when it first started out.
When bitcoin first started to make waves in the industry, many people thought it was a Ponzi scheme. If bitcoin was able to withstand the negativity and hit a peak price of over R269,518; it just goes to show that negative words have little to no effect on the success of cryptocurrency.
Cryptocurrency quotes from supporters
Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble. – Jack Ma (Chinese Investor, Philanthropist, and Co-Founder of Alibaba)
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value. – Eric Schmidt (CEO of Google)
Virtual Currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system. – Ben Bernanke (14th Chairman of the Federal Reserve, the Central Bank System of the United States)
There are three eras of currency: Commodity based, politically based, and now, math based. – Chris Dixon
I think the fact that within the Bitcoin universe an algorithm replaces the functions of the government is actually pretty cool. I am a big fan of Bitcoin. – Al Gore
Bitcoin is a technological tour de force. – Bill Gates
Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too. – Richard Branson
PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency. – Peter Thiel (Venture Capitalist and Founder of PayPal)
There will be at most 21 million Bitcoins in existence. There isn’t even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first. – Charlie Lee (Founder of Litecoin)
And more supporters’ words…
One of the most powerful use cases of blockchain technology was to inscribe immutable and transparent information that could never be wiped from the face of digital history and that was free for all to see. Satoshi’s choice first to employ this functionality by inscribing a note about bank bailouts made it clear he was keen on never letting us forget the failings of the 2008 financial crisis. – Chris Burniske (Author of Cryptoassets)
Bitcoin has a couple of things going for it: one is that it is distributed, with no single point of failure, no ‘mint’, no company with offices that can be subpoenaed and arrested and shut down. – Hal Finney
Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it. – Gavin Andresen (Core Developer of Bitcoin)
I think of Bitcoin as a remarkable social phenomenon. It’s an epidemic of enthusiasm … it is a speculative bubble. That doesn’t mean that it will go to zero. Speculative bubbles recur. We had a bubble in Bitcoin in 2013, and it looked like it was done — it fell from 1,000 to 200 — but now look, it comes back. – Robert Shiller (Nobel prize-winning Professor of Economics at Yale University)
It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution. – Tim Draper
What does this positivity mean for crypto?
At this point, positive cryptocurrency quotes regarding bitcoin are simply affirmations. Cryptocurrency terrifies the traditional fiat industry as they know their systems are inferior to the blockchain. With high fees to send money overseas, people have turned to cryptocurrencies in order to transact overseas payments. Just the other day, someone moved $194 million worth of bitcoin and paid only a 10 cents fee.
With cryptocurrencies entering the public consciousness, it’s no surprise everyone has contradicting opinions on it. Regardless of if these people are blockchain experts or not, at iCE3X, we know the importance of following the general mood toward cryptocurrency.
Cryptocurrency has continued to power through the finance industry despite harsh regulations and even bans in certain countries. Our iCE3X cryptocurrency exchange provides users with the ability to buy and sell cryptocurrency assets on the open market with highly competitive fees. Sign up now and start trading!
Did you hear some other cryptocurrency quotes despite those that we mention? From which team are you, the naysayers or the supporters?
The post 25 Cryptocurrency Quotes from Supporters and Naysayers appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

Cryptocurrency Trading Strategies: Buy & Hold Strategy

The post Cryptocurrency Trading Strategies: Buy & Hold Strategy appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
The Buy and Hold Strategy overview, what it means, how it works and how YOU can benefit. So many traders make the mistake (and some pay dearly) of simply gambling on cryptocurrencies. With some basic common sense and a few tips from reputable sources, you can easily build a portfolio and benefit from a cryptocurrency wealth creation mechanism such as bitcoin. How easy is it? It is not easy, but it is not out of reach either. You need to choose a strategy that is right for YOU.
What does buy and hold strategy mean?
Your strategy depends most importantly on the type of coin you are investing in. The term “HODL” (hold on for dear life) refers to this strategy. The idea is that you simply buy bitcoin and only sell it in 5 or 10 years. All through that time buying more in order to bring down the average purchase price.
RELATED ARTICLE: Does the bitcoin price really matter?
Be careful when taking advice from friends and family and be sure to do your own research.

How does it work?
You choose a term or a profit goal. You then decide which one is the trigger. (Time-based or Price based). The theory is that most traders prefer price-based strategies, as time-based orders can be very rewarding but also break the bank at the same time if it goes the wrong way. You can also combine these parameters to create a less risky investment.
Eg. In OCT 2017 Nomsa decides to buy R1000 worth of bitcoin every month for 3 months and immediately after purchasing the bitcoin she places a SELL order to sell the bitcoin she has just bought for DOUBLE the buying price. She decides to SELL ALL the bitcoin after 12 months regardless of the price.
Using this example* we can look at what would have happened to Nomsa’s investment over the last 12 Months. R1000 (Oct) = 0.019 BTC + R1000 (1 Nov) = 0.0095 BTC + R1000 = 0.00665 BTC (1 Dec)

Initial Investment
R3000.00 (0.03515 BTC)

Total Returned (hold for 12-month strategy)
R3,241.51 {A return of about 9% per annum return}

Total Returned (sell for double)
(Oct 17 & Nov 17 orders would have executed. The Dec 17 order would still be open and we will calculate using OCT 18 closing price.)
R4836.75 {A return of more than 62% per annum}

*we have used the approximate figures from Google Finance to do these calculations
How do YOU Profit from buying and holding?
You control your bitcoin.  This means that you decide when you buy it and when you sell it. There are services that offer margin trading, but this is for professionals and it is a risky form of gambling with an already volatile (at this stage) currency. Your best option is good old “spot” trading. This means that when you buy the asset or token (in our example it is bitcoin) you own it and can move it wherever you want. (In fact, you should move it to a wallet where you control the private keys)
RELATED ARTICLE: How to Store Bitcoins and Keep Them Safe
What are the Risks and Benefits?
You always need to do due diligence on your investment decisions. Choosing the right strategy is very much dependant on your personal circumstances. Be careful when taking advice from friends and family and be sure to do your own research. Everyone has a different financial position, earning power and risk appetite. Make sure you know what your personal parameters are. Do not be blinded by untold riches. If you have R500 a month (which you can afford to lose if everything goes wrong) then this may be a good strategy for you. If you only earn R5000 a month it would be a very risky decision.
Risks Associated with the HODL Strategy
There will be different opinions of risks, but we are all human and are all susceptible to fear and doubt. Holding a coin too long, and then selling in desperation after a flash crash is a familiar occurrence for many. Life circumstances can change, this can force you to close a position early. Do you have a balanced basket of investment and savings to protect you in such an event? If not, then cryptocurrency trading is not the answer.
The Buy and Hold strategy will also have different tax considerations based on your personal situation. Bitcoin, for example, has no market price (this is different from estimations and indicators which are all over the place). There is simply supply and demand. You can therefore only accurately confirm the “price” of a bitcoin (or part thereof) once it has been sold. This is a problem. Under the current regulations and understandings, if you decide to buy and hold for 5 years, you have no guarantees as to any tax liabilities during that period as now specific laws exist.
Benefits to Buying and Holding
You have more control over your exposure of the long-term investment and as a result, can manage your risk better. This means that you are more confident in your strategy the further down the line you get because you are able to measure your success along the way to your goal. With this mindset and some, you can take advantage of dips in the market and create more options to trade by averaging out your buying price. This also means that you are more in tune with the market.
TIP: Set a google alert for market news on a particular coin you are holding, and review your portfolio performance periodiaclly. You can schedule a digest via email of all your trading activity on iCE3X.com. Simply go to your account settings page.
What do you need to do?
If you decide you want to try the buy and hold strategy you should:

Make sure you have verified trading accounts on reputable exchanges such as iCE3X (do not use credit cards or PayPal)
Always store your bitcoin in a secure non-custodial wallet, preferably a hardware wallet – designed for long-term storage
Use google alerts to receive an email whenever there is movement in the particular coin market you are interested in
Have a plan and stick to the plan. If you do not have the means or financial discipline, this strategy is not for you.

If you have a particular strategy that has worked for you, or you have any comments that could add value to this strategy for other readers, please share them in the comments section below.
The post Cryptocurrency Trading Strategies: Buy & Hold Strategy appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

Bitcoin & altcoin mining: Is Cryptocurrency Mining Dying?

The post Bitcoin & altcoin mining: Is Cryptocurrency Mining Dying? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Over the last few years, cryptocurrency mining has become a profitable trend. However, it has also been the main factor affecting the worldwide GPU (Graphics card) shortages. As a result, various Chinese markets have seen accusations claiming they have been “trying to kill the GPU market again because they are greedy”. Despite GPU-based cryptocurrency mining taking the backseat in 2013, operations were restored in 2014 following the development of cryptocurrency 2.0 applications inspired by bitcoin. These cryptocurrency 2.0 apps apply several underlying features provided by bitcoin to many new developments.
GPU Mining
For the last few years, GPU supplies have seen a steady decline following crypto mining’s popularity. As a result, ASICS has decided to leverage this opportunity, constructing an environment (albeit endangered) for GPU-based investments. As GPU-mined cryptocurrencies are running on borrowed time, ASIC-based altcoins could see a boost in price as miners adopt them.
However, the current blockchain consensus mechanism (the computation process required for proof-of-work) could eventually be replaced by systems that don’t need any equipment or specialized computer systems in order to mine. Ethereum released their ‘Byzantium’ blockchain software upgrade in 2017. This made improvements to the Ethereum network, preparing for a seamless replacement of the Proof-of-Work mechanism. Ethereum is working toward using a proof-of-stake mechanism instead. As a result, many Ethereum minors around the globe feel as though these changes are a cause for concern.
But the question still remains; Is cryptocurrency mining dying? Are mining farms a waste of money?
The end of crypto mining?
Recently, Stephen Young stated:
Mining has become big business and there are significant advantages to economies of scale. This is one of the reasons we are seeing so much miner centralization. If you want to take mining seriously you would need some serious network administration and data center management skills. You also need access to very cheap electricity as the cost of power is the biggest expense for miners
Though many people continue to take interest in mining cryptocurrency, it’s clear to see that mining crypto is not getting any easier, nor cheaper. Blockchain developers have stated that the engine is far from perfect condition. An example of this would be the technical restrictions on systems presented by ICOs.
Other factors affecting the value of cryptocurrency mining:

Difficulty: The mining algorithms used to mine cryptocurrency are becoming increasingly more complex as time goes on
Growth: How stable your cryptocurrency mining goes is determined by the number of participants in your mining pool. Because of this, GPU mining is slowly dying as miners switch to the Proof-of-Stake mechanisms
Exchange Rates: Cryptocurrency is generally a volatile asset. To continue making a profit from mining, the exchange rate of cryptocurrencies to fiat currency will need to rise as fast as the processing power of the network is.
Electricity: The energy used to mine cryptocurrency is becoming scarce. It costs a lot of money to have something running for extended periods of time, especially when it uses high energy rates. When mining, all prospects work toward solving the same task. The return is given to whoever solves it first. Everyone else’s mining results are discarded.
Expenses:  As of late, the price of crypto mining hardware is at premium rates. With high demand and low supply for this specialized hardware, high entry prices are inevitable
Profits: Mining rigs that use the correct hardware (Such as Nvidia’s GTX 1080 ti GPU) cost well over 1,300. These rigs earn their user’s a daily rate of $10 based off of cryptocurrencies current valuation. This means that it will take months, sometimes even years depending on your electricity cost to break even. Only after you break even, will you start making a profit from your mining investment.

UPDATE, OCT 19, 2018: Braiins today revealed that they verified the existence of AsicBoost-functionality in Bitmain’s S9 ASICs … which would mean … an increase in machine effectiveness of more than ten percent.#mining #bitcoin
Additional details:https://t.co/Tg8O1d0OrT
— Bitcoin Magazine (@BitcoinMagazine) October 19, 2018

GPU Manufacturers pulling out?
Many GPU manufacturers such as Nvidia or AMD are also pulling out of the crypto mining industry as a result of unexpectedly low profits. According to Coininsider;
Nvidia, the world’s foremost GPU manufacturer, has confirmed that it will no longer compete in cryptocurrency mining markets
Nvidia’s Chief Financial Officer Collete Kress also stated;
We believe we’ve reached a normal period as we’re looking forward to essentially no cryptocurrency as we move forward. Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million, and we now expect a negligible contribution going forward.
Cryptocurrency’s December 2017 rally prompted thousands of investors all over the world to build mining rigs at their homes. As a result, Nvidia had no choice but to counteract the heavy GPU demand by requesting their retailers to keep a reserve supply pool of graphics cards for gamers. After Nvidia pulled out of GPU mining, lower mining profits came about as a consequence.
Goodbye mining, hello cryptocurrency exchanges
The cryptocurrency price shock in 2017 created traction across the globe. A result of this was the mining upsurge that resulted in a global shortage of Graphics Processing Units (GPUs) in its wake. At this rate, it has become apparent that cryptocurrency mining is dying. But if mining dies, cryptocurrency will continue to thrive regardless. Coins like Ethereum, Bitcoin, Neo, Bitcoin Cash, Litecoin and more will continue to stay relevant on the market. Mining isn’t the main way people earn money from cryptocurrency, it’s mainly for enthusiasts. Cryptocurrency exchanges such as iCE3X offer their users ways to get their profits up, without investing in specialized equipment.
One of, if not, the best ways to make money from cryptocurrencies is to trade them on cryptocurrency exchanges and peer-to-peer marketplaces.
On our exchange, users are able to trade crypto in real time against fiat currency, and other digital currencies. The iCE3X exchange allows users to deposit fiat currency directly from their bank account to their account on our exchange. If you’re a miner, and you’re considering becoming a trader instead, this may be a great solution for you. We provide some of the lowest fees on the market, and you will be buying and selling your digital assets with other local traders. Here’s how you should start your journey if you’re considering making a bitcoin investment.
Do you think mining is dying? If so, why? Let us know your thoughts in the comments below.
The post Bitcoin & altcoin mining: Is Cryptocurrency Mining Dying? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.