In-Depth Cardano Review! All that you missed to know!

In-Depth Cardano Review! All that you missed to know!

The post In-Depth Cardano Review! All that you missed to know! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
When considering investing in any altcoin in the crypto space, research is a must. It’s always best to get a good understanding of the coin’s background and inception. As a result, before we can go into any details about Cardano’s token currency (ADA), we will provide a brief overview of the developers behind Cardano as well as their specific affiliations with cryptocurrency. Are you ready for in-depth Cardano review?
Charles Hoskinson
As it stands, Charles Hoskinson is regarded as one of the foremost experts to step into the cryptocurrency ecosystem. However, there are many conflicting viewpoints about Hoskinson as an individual and his ethical standard of conduct. Be that as it may, very few people will dispute the fact that his innovative ideas for blockchain technology are legitimate. Below is a short biographical summary of Charles Hoskinson that can be found online with little to no effort (Which is a good sign when looking into a coin’s development team, information about them should not be hard to find).

Charles’ involvement with the Ethereum project helped the world become familiar with him. A few years ago, Charles worked with Vitalik Buterin to start the Ethereum project circa 2013/2014. To summarize the events of what happened next, time went by, and Hoskinson and Buterin had a falling out. This argument was a debate over the decision to monetize Ethereum like a business or make it open-source. Hoskinson wanted to monetize the Ethereum project like a business, and Buterin did not. After a while, Hoskinson decided to simply abandon the Ethereum project, and go forward with his own endeavors in 2014.
If you haven’t guessed already, this wasn’t a cordial parting of ways. Hoskinson more or less vowed to create a rivaling cryptocurrency capable of eventually ‘dethroning’ Ethereum. Soon after his departure, Hoskinson started a team called IOHK with a man named Jeremy Wood.
Input-Output Hong Kong
Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a technology company committed to using peer-to-peer innovations to provide financial services to the three billion people who don’t have them. 
We are an engineering company that builds cryptocurrencies and blockchains for academic institutions, government entities, and corporations. We are a decentralized company that loves small, innovative teams forming and executing ideas that cause cascading disruption. – IOHK.
Cardano Review
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. ADA is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers – Cardano.
Essentially, the Cardano technology is another blockchain which can also be a method of payment. The blockchain allows users to create smart contract projects and activities on the primary ‘settlement layer’ for ADA. To facilitate this, Cardano uses 3 layers. This means that ‘gas’ isn’t necessary to power the transactions on the network which is how Ethereum operates. While the merits of whether or not this could be considered an inherent advantage, I feel as though this is simply a difference worth noting. You can also identify this distinction in the Ethereum Classic protocol. This is pretty much signaling that it’s a manifestation of the IOHK ideology of how cryptocurrencies should work and operate.
The principle behind Cardano is fairly similar to what can be seen with Ethereum. Even though Cardano is constantly being compared to bitcoin, it shares far more similarities with Ethereum. Check out this quote from the developers at Cardano:
After the settlement layer that will run ADA is complete, a separate computing layer will be built to handle smart contracts, the digital legal agreements that will underpin future commerce and business. Cardano will also run decentralized applications, or dapps, services not controlled by any single party but instead operate on a blockchain
A Proof of Stake Consensus
The ADA blockchain uses a proof of stake consensus algorithm called Ouroboros Praos. If you’ve never heard of this before, it’s likely because it’s a very new concept. This consensus only entered the spotlight once ADA introduced it to the world. Quoted directly from the IOHK website, here is a description of the PoS consensus method:
We present “Ouroboros Praos”, a proof-of-stake blockchain protocol that, for the first time, provides security against fully-adaptive corruption in the semi-synchronous setting: Specifically, the adversary can corrupt any participant of a dynamically evolving population of stakeholders at any moment as long the stakeholder distribution maintains an honest majority of stake; furthermore, the protocol tolerates an adversarially-controlled message delivery delay unknown to protocol participants. 
To achieve these guarantees we formalize and realize in the universal composition setting a suitable form of forward secure digital signatures and a new type of verifiable random function that maintains unpredictability under malicious key generation. Our security proof develops a general combinatorial framework for the analysis of semi-synchronous blockchains that may be of independent interest. We prove our protocol secure under standard cryptographic assumptions in the random oracle model. 
What this means
Cardano states that they have a consensus algorithm where if over half of the nodes (over 50%) on the network don’t face interference by a fraudulent party (a hacker trying to attack the network) then the network will remain safe. It’s true that there is nothing about this concept that is revolutionary. It is also true that it’s nothing you need to pay attention to. In fact, the Byzantine Fault Tolerant consensus method implemented by NEO looks better on paper. Over 66% of the potential actors on the network need to be corrupt for the dPoS to be truly ineffective.
Be that as it may, this is a huge step in making a consensus that doesn’t require more energy than all of Scotland to function. The proof of stake algorithm is very energy efficient, requiring almost no electricity in comparison to ASIC or GPUs to work properly.
ADA Ouroboros
Ouroboros is often described as Proof of Stake mining specifically for Cardano. Essentially, the main idea Ouroboros revolves around is a combination of the Proof of Work and Proof of Stake consensus algorithms. The PoS concept means that a person can validate or mine a block of transactions at a certain speed according to how many coins they have. Meaning that the more ADA a miner owns, the more power (or hash rate) that miner has. The PoW concept works by a miner acquiring powerful hardware and using large amounts of electricity and processing power in order to solve computational problems on the blockchain in order to validate transactions.
While the above Proof of Stake definition gives you a rough idea of how PoS truly works; there are differences when exploring how this works for Cardano. An important thing to note is that the stake on the Cardano network is determined by one’s relative stake when compared to all others on the network. Meaning if there are 10 coins on the network and you own 6 of them, you have a 60% stake. As this is a high number, you would have the largest stake of all nodes on the network.

Charles Hoskinson: Cardano Foundation Can Grow After Parsons’ Resignation
— Ethereum Price Canada (@EthereumPriceCa) November 14, 2018

Cardano is a 3rd Gen Cryptocurrency platform that is building methodically. Using peer-reviewed technology, the Cardano team attempts to address many of the privacy, scaling and technological problems faced by today’s 2nd Gen blockchains. Cardano uses an advanced proof of stake consensus paired with a unique governance and treasury system. Be that as it may, despite all the benefits that come with Cardano, it’s difficult to give it a realistic valuation. For Cardano to be a successful cryptocurrency, it needs a vast number of active users.
I think that Cardano’s many strengths, as well as the team behind it, are an affirmation that it is well suited to become a strong alternative to Ethereum and even Bitcoin. The Cardano platform could potentially provide its users with more flexibility as well as security. Currently, all we can do is keep our eye on Cardano and see if it sticks to its roadmap. If more industries, enterprises, and investors take notice, Cardano could potentially become a powerhouse amongst other cryptocurrencies.
If you’re interested in Trading ADA, we offer no fees when trading ADA/BTC pairs on our cryptocurrency exchange. Will you be trading ADA or mining it? If not, which altcoin do you think supersedes Cardano?
What would be your review of Cardano?
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BTC Mining Tips No One Will Speak About!

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By now, you probably understand what bitcoin is, and what crypto mining means. So let’s go from theorizing to practice. If you’re considering setting up some BTC mining hardware and generating some cryptocurrency, this post will give you all the BTC mining tips you need to know. The first thing you’ll need to do is decide on your hardware. There are a few things to consider before deciding what hardware you’ll be getting.
What do I need to start BTC Mining?
There are 3 main categories for BTC mining hardware: GPUs, FPGAs, and ASICs.

GPU: Graphics cards can be a low-cost way of creating a personal mining operation. Though GPU mining is far less effective than the industry standard, it can be a fun and challenging way to earn some money. Be that as it may, GPU mining is dying these days as people move on to the more powerful ASIC mining hardware. If you’re planning on creating a multi GPU mining set up; make sure to invest in a motherboard that can support multiple boards. This will save you from running several PSUs for different boards.

ASIC: Application Safe Integrated Circuits are one of the best for mining cryptocurrency at lightning fast speeds and relatively low power consumption. ASIC chips are especially for mining, they are often very expensive and time-consuming to produce. Be that as it may, the speeds are unreal. Many ASIC mining units have speeds of 5-500 Gigahashes per second

FPGA: Field Programmable Gate Arrays are integrated circuits designed to be configured after being put together. FPGAs gives mining hardware manufacturers the ability to purchase large volumes of chips, then configure them for BTC mining before implementing them into their own equipment. Because ASICs are solely for mining, they outperform CPUs and GPUs by a landslide. Single chip FPGAs can operate up to around 750 Megahashes per second. Though, those are the high-end versions of FPGAs. It is possible to put more than one FPGA chip in a box.
What about mining pools?
A great BTC mining tip would be to spend some time researching mining pools. If you find a good one that can suit your hardware, you can profit. Mining pools are a group of cryptocurrency miners that all work to solve mining blocks for a reward. These pools provide a way for users can combine their resources and stack their hashing power. There are various different mining pools for each cryptocurrency on the market. As the size of the mining pool increases, the payout decreases. As a result, there are different types of rewards available to miners:

Pay-Per-Share (PPS):  A set amount for each member is paid out whenever they contribute a share.
Proportional: Users are rewarded proportionally to the amount of share and hashing power contributed by them.
Score-based: Newer shares hold prominence over older shares, and users are rewarded proportionally based on the time of submitting their share.
Pay Per Last N Shares (PPLNS): Similar to the Proportional reward type, though rewards for each share vary after multiple rounds
Full Pay-Per-Share (FPPS): Similar to PPS, however, transaction fees are split among miners. As well as rewards. Miners with higher hashing power are getting more transaction fees.

Be sure to spend some time researching for the mining pool that best suits your needs and specifications in order to maximize your profit. While solo mining is an option, it’s highly competitive, and unless you have 100+ GPUs set up in a mining farm, you’re going to have a hard time successfully mining blocks and adding them in time to get your reward. Mining bitcoin is a highly challenging task if you’re trying to make a profit fast. If you’re trying to make some money with crypto without having to invest large amounts of money, try looking into arbitrage opportunities.
Is it worth it?
BTC mining can definitely be profitable, but it’s gonna cost you a large sum of money just to stay competitive if you’re solo mining. Mining pools can be good, but as so many people are mining bitcoin all over the world, the rewards for each block are fairly low if you’re in a large pool. The truth is, when the market is hot, ASIC or GPU mining can earn you a good amount of money daily. But when the market slumps, the profit you’ll make with your equipment’s income will fall in tandem. The market is a heavy influence in the payout for mining rewards. Together with how many people using mining hardware to take coins off the market. No BTC mining tips will change that.
At this point, most people are either trading their coins to earn a profit on cryptocurrency exchanges, or they’re HODLing. Sometimes, mining and staking altcoins can be profitable, as coins like XMR (Monero) and ADA (Cardano) can be traded against BTC (Bitcoin) on our market with 0% fees. Be sure to do your homework before investing in any mining hardware. Your electricity cost is a huge factor in making a profit with mining, so you’ll need to take some time to calculate your profits.
To Invest or to mine?
A key part of the life of a cryptocurrency investor is deciding if you want to invest or mine. You can read all the BTC mining tips in the world, but if it doesn’t seem profitable for you, chances are it’s probably not. Many started with it when they heard about mining profits. Others were (by some sayings) smarter and they invested right away into cryptocurrency. The same goes for BTC mining and investing in bitcoin.
The truth is bitcoin mining and cryptocurrency mining as a whole will always have their ups and downs. Simply, because the prices are the main factor which determines if you’re going to make X amount of money this month, or if you’ll be dodging your electricity bill instead. There are no special BTC mining tips that will guarantee you success. I remember times when I was making like R50 000 per month after electricity bill. Can you imagine the income? But the prices were at their peak. Now, they are like 5 times less. But, stand your ground and believe, the power of mining will remain!
The truth is, mining difficulty is at an all-time high, and the costs to get competitive with mining BTC are in the thousands. Without an ASIC mining rig, you won’t be making anything close to a profit with bitcoin mining. If anything, the best BTC mining tips would be to trade your crypto for profits on a cryptocurrency exchange, or to HODL your crypto coins. Unless of course, you’re willing to fork out thousands to buy multiple mining rigs and coolant systems.
Do you have any future plans? Are you going to start mining, or are you going to invest right away and buy a bitcoin? Do not forget that bitcoin is a wealth creation mechanism, and if you are into it, as we are, now it’s the time to log in at and buy your first bitcoin. Be a part of a big crypto family and wait for your bright future!
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Tips people won’t tell you about Ethereum Mining

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Getting started with Ethereum mining may seem like a daunting task, but it’s actually pretty straightforward. Despite the price of Ethereum being low at the moment, it’s still possible to make a profit while mining Ethereum. In this post, we will be going over a few Ethereum mining tips to help you make a decision. However, it may be important to note that in time, Ethereum plans on changing their mining algorithm from proof-of-work to proof-of-stake. Once the proof-of-stake system is live, Ethereum mining with hardware could become obsolete. Instead, the process will be done by staking an amount of Ethereum coins.
Ethereum Mining Tips
With the price of Ethereum floating around R2,800($200), many people wonder if it’s still possible to turn a profit with Ethereum mining. The truth is, Ethereum’s valuation varies. It’s mainly dependant on 3 factors; Electricity costs, mining difficulty, and hash rate. With an efficient mining rig and free or cheap electricity costs, profitability increases. The higher the difficulty level for Ethereum, the less profitable it becomes. With a higher hash rate, Ethereum rewards are higher per day in tandem. Be that as it may, the mining rigs with the highest hash rates also cost a pretty penny. Ethereum mining isn’t a get rich quick scheme. If anything it’s quite the opposite. There are no special Ethereum mining tips that will get you rich in half the time it takes to mine a block. Cryptocurrency mining takes a lot of time and effort, especially for solo miners.
However, if you are using a PC to mine Ethereum, you may be in luck. A dev team called OhGodACompany released an “Ethlargement pill” that aids in getting better hash rates when mining Ethereum with the GTX 1080 / 1080ti graphics cards. Miners using these GPUs have reported increases in Ethash hash rates from around 33MH/s to 50-50 MH/s. The Ethlargementpill is a tool that increases the hash rate for Ethereum mining on GPUs with GDDR5x memory.
ETHLargement – The Hashrate Hardener. ED (Ethereum Dysfunction) affects 1 in 10 NVIDIA GPUs in North America. But don’t worry – OhGodACompany is here to help.
Order your EthLargement prescription today: Linux: 100mg and Windows: 50mg
This ‘pill’ not only improves hash rates for Ethereum mining but also all Ethash based cryptocurrencies. Currently, this tool is only compatible with GDDR5X memory. The only cards that support this is the latest GTX 1060 remodel, the GTX 1080 series, and the Titan XP. This tool is compatible with both Windows OS and Linux.

Ethereum 2.0 might have a new hardware system for mining#nvestweekly #cryptocurrency #CryptocurrencyNews
— Nvest Weekly (@NvestWeekly) November 7, 2018

Is Ethereum Mining worth it?
If you’re looking for Ethereum mining tips, chances are one of your main causes for concern is if Ethereum mining is worth the commitment. With the price of Ethereum floating around R2,800($200), mining ETH can prove to be difficult if you’re trying to make a profit. That said, it’s definitely possible to mine Ethereum and make a profit, but you’re going to need to spend a lot of money. Solo mining popular cryptocurrencies is a difficult task. The only way to stay competitive is to have a mining farm of your own. Most seasoned miners will start off with a single GPU rig, and use their profits to invest in branching that rig out and making it a multi GPU rig.
While the Ethlargement pill may give you a small boost in hashrate if your hardware is compatible, there are other altcoins on the market that can be more profitable to mine than Ethereum. Plus, Ethereum is planning on switching to a Proof-of-Stake consensus algorithm similar to Cardano as opposed to Proof-of-Work.
Be that as it may, a significant number of the ETH currently being traded on cryptocurrency exchanges has been generated by miners. But people will only mine Ethereum so long as it stays profitable. Once the cost of mining exceeds the income you can get from mining ETH, chances are we will see an influx of miners migrate to altcoins. While it’s entirely possible that ETH miners leaving the scene could scare off investors causing a crash in price; It’s likely that most weak hands were shaken out after the price drop from $600-$200.
Proof of Stake
Recently, Vitalik Buterin, the founder of Ethereum, stated that the cryptocurrency’s switch to Proof-of-Stake is “no longer far away”. This was a strong week for Ethereum as U.S Bank JP Morgan Chase stated they have created an enterprise version of the Ethereum blockchain. As it stands, Ethereum currently uses the Proof-of-Work algorithm. This is an intensive task that can only be done efficiently with a powerful computer system (Or an ASIC miner) and LOTS of energy. Switching to the new Proof-of-Stake consensus would mean that the more tokens a node has, the higher the chance of that node winning the race to validate the next block.
Currently, Ethereum can handle ~15 transactions per second. With a switch to proof-of-stake, this could be increased by a significant amount. Once Ethereum finally decides to upgrade to  Serenity and PoS, a difficulty bomb will be implemented in order to prevent a system fork. This ‘difficulty bomb’ refers to a steep increase in the difficulty level of puzzles in the mining algorithm. An increase in difficulty will result in a substantial lag between the production of blocks on the blockchain, and the payouts for miners. This will be done in an attempt to deter miners from continuing to mine with PoW even after the blockchain moves to PoS.
Difference between PoW and PoS

Proof of Work (PoW): Miners contribute electricity and processing power in order to solve a cryptographic puzzle
Proof of Stake (PoS): Validators contribute their existing stake (Ether tokens) into an “account”. They then place bets if a block is valid or not. If valid, the miner gets a reward. If invalid, funds are lost.

The current situation looks pretty grim for miners. No Ethereum mining tips will change the market environment. Many miners have already stopped mining Ethereum and have turned to altcoins instead. Others have sold all their mining equipment and decided to just purchase their coins from cryptocurrency exchanges instead. After the block rewards for Ethereum reduced again in October, the number of active miners took a dip. This sparked the ever-present question in the community; Is cryptocurrency mining dying? Eventually, when the enthusiasm of miners gets too low, the overall Ethereum production will decrease. This could result in a significant rebound in its valuation. Be that as it may, no one knows exactly when this could happen. However, if you want to make an informed estimation, watch mining hardware costs, you may find some valuable clues.
If mining isn’t your cup of tea right now, you’re always able to trade your crypto assets such as Ethereum, Bitcoin, and many more on cryptocurrency exchanges like iCE3X in order to find arbitrage opportunities. Or, you could just HODL your crypto-coins. If anything, one of the best Ethereum mining tips we could give, is to either mine like your life depends on it, or wait until proof of stake comes out, and trade your crypto in the meantime.
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What is a Coin Fork? An Inside Look at Coin Forks

The post What is a Coin Fork? An Inside Look at Coin Forks appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Before we start speaking about hard, soft, and other implicating words. I think it’s best I explain a few things about a coin fork. Generally, the price of a cryptocurrency goes haywire when it approaches a “fork”. These events can either be positive, resulting in higher prices. Or negative, resulting in lower prices. If you play it smart, you can still make a profit, irrespective of which direction the market is sent in.
What is a Coin Fork?
‘Forking’ or a ‘Fork’ refers to a software/network update. The feature that separates the different types of coin forks is backward compatibility. Forks can arise from two different events. Accidental forks happen when a coin has an update that isn’t truly compatible. This means that people using different versions of this software/coin will create two different ledgers. The old version will have its own blockchain. The new version will get a brand new blockchain. In this case, the coin developer is tasked with quickly elimination all bugs causing these incompatibilities before merging the two blockchains.
SegWit is essentially a hard fork disguised as a soft fork. It strips the regular block out of most meaningful information and moves it to the extension block.
A hard fork occurs when the developers of a cryptocurrency decide that changes are overdue. If these changes will create incompatibilities between the old version and the new version, a hard fork occurs. Once this happens, all users of the old coin have t2o update all of their applications and software in order to continue using their type of coins correctly. An example of this would be Microsoft Word. If you were to make a word document with Word 2007 and sent it to your friend to edit it with Word 2013, you could have problems reading that file. In this case, you have created a fork in your document.

The current situation, war is the main cause of the dump. But literally the day before the #hardfork, everything can change dramatically. #BCH#fork #btc #free #coin #token #airdrop #bounty #altszn #altcoins #poloniex $ALTS $BCH
— cryptomoonboyz🚀 (@cryptomoonboyz) November 13, 2018

Are Coin Forks Bad?
Coin forks often come hand in hand with anxiety and a small amount of panic. This is because with cryptocurrency if two different blockchains exist, only one is ultimately correct. As a result, any coin transactions found on the ‘wrong’ blockchains face the risk of being lost. Thus, in the event of a cryptocurrency coin fork, people are reminded not to transact until the fork is successfully complete.
For companies that depend on cryptocurrency; if their cryptocurrency forks, it can be a very painful period. With the risk of cryptocurrency falling into black holes during the fork, any companies using that cryptocurrency can’t do much until it’s over. On top of this, coin forks can cause a vast amount of work through a coin’s community. This is because everyone must update all software and hardware to support the latest coin version. Users, exchanges and miners alike must all update in order to prevent the loss of their crypto coins.
Hard forks can be very confusing. Even though, currently, most hard forks don’t change the value in a coins price. For example, Bitcoin (BTC) underwent a hard fork because of a large number of miners, and developers wanted bigger blocks. To do this, they forked bitcoin into a new version called Bitcoin Cash (BCH) on August 1st, 2017. Be that as it may, the more forks a coin goes through, the more the overall value of the coins will reduce. When a cryptocurrency forks and more coins are made–the more it resembles a fiat currency. Bitcoin isn’t supposed to be like a fiat currency that could generate you large amounts of money at will. All these new coin forks are doing is creating more coins — which inevitably means money — out of thin air.
In my opinion, coin forks can be somewhat reminiscent of fiat currency. A coin fork isn’t a simple change to a blockchain or the creation of a new cryptocurrency. A coin fork represents a fundamental change to the underlying framework that handles all transactions of that currency. The simple fact that a majority or even all of the nodes that operate and secure a network must agree to change their operating rules in preparation for a hard or soft fork. In essence, this makes the process of change implementation a democratic process.
No one knows how a coin fork will turn out until it happens. The value of the coin could either go up or go down all within a day. To simple users of cryptocurrency for purchases etc, this may not be of much a problem. But for miners and investors, keeping an eye on every detail of their cryptocurrency’s incoming hard fork is essential. Money can be lost in several different ways when a hard fork is incoming, so it’s best to stay informed.
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Mindblowing Facts No One Will Ever Tell You About Profitable Bitcoin Mining

The post Mindblowing Facts No One Will Ever Tell You About Profitable Bitcoin Mining appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Most people are looking for an efficient way into the crypto ecosystem. If trading isn’t your thing,  cryptocurrency mining may provide a good alternative. A fundamental question people often ask about bitcoin, generally, revolve around the Bitcoin token itself. People ask about its value, the security of the coin, privacy, history and eventually; where do bitcoins come from? In this post, we will be going over what BTC mining is, and if it’s viable for you.
BTC Mining
Central banks generate traditional fiat currency. Miners mine new cryptocurrency tokens on a blockchain network. Specifically, cryptocurrency miners order new transactions chronologically and add them to the blockchain after they are validated. This counteracts the double-spend problem, where a user was able to spend the same bitcoin twice. By mining crypto, you can earn cryptocurrency without having to purchase it. The only time you’ll be spending money when mining is when you’re purchasing your mining equipment. The reason it’s called cryptocurrency ‘mining’ isn’t that it requires the physical act of digging in order to find gold. Instead, it’s because bitcoin and cryptocurrency alike have their own way of prospecting and recover, the real root of the word ‘mining’. Mining is a computationally intense task that will only get harder as developers increase the difficulty of mining blocks.

Due to the high cost of entry involved, solo BTC mining is only really viable if you have cheap electricity and internet costs. But even with cheap electricity, you’ll still need to purchase a few GPUs to mine with in order to stay competitive. It’s often a good idea to use a bitcoin mining calculator in order to see if you’ll able to make a profit after spending money to get started. Mining calculators take into consideration your hashing power, electricity costs, mining difficulty factor, hardware costs, and your mining pool fees (if you join one).

Mining Hardware
All bitcoins in circulation have been mined from a block of mathematic calculations on the bitcoin blockchain. For each successful block to the chain, a reward of around 12.5 is given to all miners that participate. Nowadays, these blocks are being slain by the wave of new power-hungry ASIC mining rigs. Application Specific Integrated Circuits (ASICs) have a single, specific use rather than for general all-purpose use. ASICs are solely for cryptocurrency mining, and they do it extremely well. As a result, they are very costly. The Antminer Z9 mining rig will set you back $2000. This is a factor to take into consideration before you begin mining as to make a profit with mining, you will need to make more than your initial investment in your mining rig.
Though specialized mining hardware may be your best bet for efficiently mining bitcoin; it can be done on your personal computer. GPU/CPU mining is the weakest way you can mine bitcoin. Technically, you could use your computer’s CPU to mine bitcoin, but by today’s mining standards, this method is pretty much obsolete. Even if you were to up your hash rate by adding your GPU into the mix, you’d still be a long way off from the recommended specs.
Mining Software
Mining hardware can only interact with a computer once you’ve installed and configured mining software. This software will control the various mining devices you have. It can determine whether it should mine as part of a specific pool, change the fan speeds, and can choose which cryptocurrency to mine. The mining software that is best for you will depend on a few factors. First, are you attempting to exclusively mine Bitcoin? Or are altcoins in your interest too? Also, the hardware you have will determine which type of mining software you need. For the purpose of this post, we will be focusing on BTC mining software.
You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust – John McAfee, Founder of McAfee
As Bitcoin mining is extremely popular, the only way to actually make a profit while mining it is to use an ASIC miner. For ASIC-specific mining, the open-source and free software BFGMiner is your best option. BFGMiner is for ASIC mining rigs, making it ideal for BTC mining and other non-ASIC resistant cryptocurrencies. Any cryptocurrencies that use the SHA-256 (such as bitcoin) work even better when using BFGMiner. This software also allows users to connect to multiple mining pools, and it will stop connecting to any pools that are unreachable. This saves on electricity costs when the software can’t interact with a mining pool in order to generate profit.
Is Mining Bitcoin Legal in South Africa?
So long as you’re paying your taxes, the use of cryptocurrency is totally legal in South Africa. As you may already know, SARS announced normal income tax rules for cryptocurrency. Though cryptocurrency is not legal tender in South Africa, it is still subject to taxation. South African crypto investors have to declare all losses and profits to SARS in order to receive the correct tax rates. If you are doing BTC mining, so long as you declare your profits, you are good to go.

Will you be mining bitcoin? If not, Why? We think that if you have the correct setup and configuration, even with the price of crypto being fairly stable this year, it’s still possible to make a profit. But of course, if mining doesn’t work for you, you can always trade on our cryptocurrency exchange instead. Let us know your thoughts in the comments below!

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Will the Bitcoin Cash Hard Fork Be a Game Changer? In-depth Information That You Need to Know!

The post Will the Bitcoin Cash Hard Fork Be a Game Changer? In-depth Information That You Need to Know! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
The latest Hard Fork for Bitcoin Cash is just around the corner on the 15th of November 2018. But, what does this mean for you if you own any amount of Bitcoin Cash?
What is the Bitcoin Cash Hard Fork
Bitcoin Cash is about to upgrade and fork their code. A fork is just a split in the code and can be as little as a small addition or change all the way to an entire overhaul. BitcoinABC had been planning to do this twice a year to ensure that there continue to be continual improvements. However, it is looking like this time, it will be a Hard Fork. Their plans to make such a radical change to the protocol that it would invalidate all the previous blocks and transactions already on its blockchain. The original can continue as it is currently, but the new hard fork will be a completely separate entity.
Why is the Bitcoin Cash Fork Happening?
For this fork, there is not a clear consensus on how this should be done and there is another whole protocol proposal called Bitcoin SV (Satoshi’s Vision) which has its own features and improvements to servicing Bitcoin Cash. What will happen is that the code will have a hard fork reproducing the coins on both and they will go their separate ways, exactly the same way that Bitcoin Cash did with Bitcoin.
Even among our own followers, we ran a poll asking what people prefer. Although Bitcoin was a clear winner, it is clear to see that everyone else was splitting their votes between Bitcoin Cash and Bitcoin SV.

Let us know what you think? #Bitcoin #BitcoinCash #BitcoinSV
— iCE3X (@ICE3X) November 7, 2018

When is the Hard Fork Happening?
The Hard Fork is due to happen on the 15th of November 2018 so you will need to sort out your preparations before this date. Put in your diary and make sure you have enough time to look into this and research or you can lose out.
How are Custodial Wallet Services Handling it?
Many of the other exchanges are scrambling to offer a way for their customers to redeem the coins from the Hard Fork on their platform. This is especially true for the exchanges which also provide custodial wallets. If the exchange claims the coins for the Hard Fork, they will need to use their private keys to claim the coins and promise they will give them back to you. You will have to put your trust in a centralised entity to make actions about your assets. We do not recommend this at all.
What will iCE3X be Doing?
As per our policies, we do not participate in Hard Forks. We have always advised that you withdraw your assets while you are not in the process of trading. This ensures that you are in full control of your funds. If it is not your private keys, it is not your money! Keep it to yourself as well and make sure you never give your private keys to anyone.
Which chain will we support? We will be updating all our users via email at 6am on the 15th (make sure you are subscribed to the newsletter to receive important alerts – you can do this here)
We will stop deposits at 15:00 GMT+2 and resume as soon as possible after the upgrade.
Trading will not be affected
What do YOU Need to do?
We keep talking about new coins being generated in the new Hard Fork. If you want to claim these then you will need to make sure to withdraw all of your funds to a wallet where you control the private keys or deposit your funds with a wallet provider. As always both Trezor and ledger will support the ability for you to redeem the new coins.
How will this Affect the Price?
The Hard Fork has not happened yet but we are already seeing a large effect on the price already. In the lead up to the Hard Fork, we are seeing a spike in the volume of trades. This is rising from a daily volume of $200 million to $1.4 billion.
A Hard Fork may sound foreboding but it is a natural part of the process. You can benefit from earning new coins but you have to do this the correct way. Always ensure you are in control of your assets!
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Is Cardano (ADA) a Better Investment Option than XRP and LTC for The Rest of 2018?

The post Is Cardano (ADA) a Better Investment Option than XRP and LTC for The Rest of 2018? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
The way the market has been this year, it looks as if there could be a resurgence of Bitcoin’s past glory we saw in the second half of 2017. In July 2017, Bitcoin was worth $2,700. Within 6 months, Bitcoin shot up to $20,000 (280377.00 ZAR), increasing in value by 640%. Could we expect the same for this year? Following the boom Bitcoin brought to the crypto world, many investors turned to altcoins to make a profit. People have been moving to Cardano (ADA), Ripple (XRP), Litecoin (LTC) and many more. Is a Cardano investment your best bet? These 3 coins have a lot going for them, so we will be taking a look at what makes crypto investors think twice about these digital assets.
The Potential of Altcoins
Ripple (XRP): XRP has recently rebranded in an effort to detach the digital asset (XRP) from the company of Ripple. Part of this is due to the fact that the SEC is still yet to classify the XRP digital asset as a security or not. On top of this, there are also 3 pending lawsuits against Ripple, all claiming that XRP is a security, stating that the company fails to state it as such. Currently, the outcomes of these lawsuits are unknown, which consequently makes investors step away from ripple due to the uncertainty of its future. Be that as it may, XRP currently has the 3rd largest market cap in the cryptocurrency market, currently at $20,666,258,060 (289,717,171,804.43 ZAR).
Litecoin (LTC): LTC has recently acquired a 9.9% stake in Germany’s WEB bank. This was done through a partnership with TokenPay which also touches on Verge (XVG) indirectly. This is a result of TokenPay and Verge being close partners. Currently, Litecoin is trying to recover from the community’s disappointment in Litepay. Not to mention the FUD that Charlie Lee sold out on the project. As a matter of fact, Charlie removed his metaphorical boxing gloves and decided to respond to criticism directly on Twitter. He has stated the following:
I’m trying my best to get LTC to $400 so people like you will stop shitting on me all the time. Who abandoned LTC?!

$ADA Cardano, Potential Coinbase listing. Fractal running smooth, expect a test pump by November the 7th. Indicators looking bullish and continuous news and development flow! I expect a high end target around 0.00015 Satoshi within the first quarter of 2019.
— Moon$hot (@MoonShot33) November 3, 2018

Cardano investment. Is it worth it?
Cardano is a fairly new cryptocurrency as its initial release was in 2015. But in switching your attention to Cardano, you’ll notice the coin is becoming more attractive by the day. Recently it was stated that Coinbase, one of the largest exchanges in the world, is considering adding ADA to their platform. As well as this, they were considering adding BAT,  XLM, ZRX, and ZEC. This news caused an eruption for the value of these digital assets in a matter of hours. Coinbase adding ADAto their platform would be an affirmation that making a Cardano investment is a solid option. Coinbase is known for only picking the best digital assets available, and provide services for institutional investors.
On another note, Charles Hoskinson, CEO of IOHK co-founder of Cardano, expressed his vision for Cardano, stating the following:
I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.
The Cardano project is driven solely by research. Because of this, it would be no surprise if his vision becomes a reality in the near future. With a dedicated team behind the project and strong support from the community, there is huge potential for Cardano. It should be common practice for everyone to look into who is behind the project you are investing in. In this case, when making a Cardano investment, research the team. Chances are, you will be met with nothing but interesting and exciting information when looking behind the project.
As a result, it could be a wise idea to stock up on some Cardano and HODL your crypto coins. XRP is looking too uncertain to invest in right now, and LTC has some progress to make. With BTC looking to make another bull run, early investment choices will make a huge difference.
And do not forget, if you are about to invest in Cardano – iCE3X is always here with you!


Will you be making a Cardano investment this year? If not, which cryptocurrency do you think is worth taking a look at? Let us know your thoughts in the comments below!
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Complete in Depth Guide About Ethereum Mining!

The post Complete in Depth Guide About Ethereum Mining! appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Much like other cryptocurrencies on the market, the Miners play a key role in maintaining the Ethereum network. Be that as it may, the role isn’t immediately obvious. Since the 2017 price shock for bitcoin, investors eyes are beginning to focus on altcoins. As a result, many newcomers to cryptocurrency often believe the sole purpose of mining is to generate cryptocurrency without a central issuer. This remains true with Ethereum, but there are more important roles that mining plays. For example, Ethereum generates tokens through the mining process at a rate of 5 Ether (ETH) per complete block.
Ethereum Mining
Each block of transactions has a mathematical puzzle that only miners that apply their computational power can solve. Miners take each blocks unique metadata (including a time stamp and software version) through a hash function. This hash function generates a fixed-length string of random numbers and case-sensitive letters. This string is a hash. If the miner finds a hash that is a match with the current target, the block is successfully mined and broadcasted to the whole network. After this, other nodes on the network can validate and add the transactions to their copy of the Ethereum blockchain.
Though bitcoin still reigns supreme on the cryptocurrency market, it still faces with problems on the network. The ever-increasing centralization of Bitcoin mining is one of these problems. When the bitcoin network first emerged, solo mining with a powerful enough PC or laptop was enough. Nowadays, ASIC mining rigs are the only entities able to make a profit mining bitcoin. Huge mining firms are in possession of vast mining rigs requiring lots of power to operate. With Ethereum, this process is different. Ethereum miners are rewarded based on the PoW (proof-of-work) algorithm called Ethash. This algorithm encourages decentralized mining for solo miners, with no support for ASIC miners. Be that as it may, building a computer powerful enough to mine competitively is very expensive, and you will see a rise in your electricity bill.

Welcome to the future:
"I realized [my 11 year old son] understood Ethereum better than how paper money works" – Google CEO @sundarpichai
— Evan Van Ness (@evan_van_ness) November 4, 2018

The Ethereum Network
Ethereum transactions work differently to Bitcoin transactions. With Ethereum, ‘Gas’ is the entity that powers transactions and every operation on the network. As a result, any changes made to the blockchain requires some Ether. Gas is calculated based on how much storage is needed, the complexity of the action and the amount of bandwidth required. Bitcoin, on the other hand, limits transactions based on the maximum block size (currently 1MB) and they compete with each other equally.
But the main difference may be the fact that Ethereum boasts it’s own Turing. Complete with internal code, Ethereum is able to calculate almost with enough time and computing power. Bitcoin doesn’t have this option. Though while there are definitely advantages to have a Turing-complete code; certain security complications surface as a result of the complexity. These security flaws contributed to the infamous DAO attack, as well as the hard fork of the network that followed.
Ether is the token of the Ethereum network, which is focused on disrupting contract law. – Cameron Winklevoss
Start Mining
Before you can begin mining, you’ll need to decide on the hardware you’ll be using to configure your computer system for full-time mining. When using hardware for Ethereum mining, there are two main options; Using a CPU (Central Processing Unit), or a GPU (Graphics Processing Unit). GPU mining is more efficient, but it will also cost you a large sum of money to get started, from around $450+.
It may be important to note that nowadays, Ethereum mining with a CPU is not profitable or worth the expense. Most entry-level GPUs are around 200x more efficient than CPUs for mining purposes.

Hash Rate
Approx. Price

nVidia GTX 1070
30 MH/s
around $400

AMD RX 580
29 MH/s
around $250

nVidia GTX 1080 Ti
32 MH/s
around $700

AMD RX 480
28 MH/s
around $250

AMD RX 470
29 MH/s
around $200

Once you’ve chosen your hardware and installed it, you’ll need to install some mining software. First, update all your drivers on your computer, prioritizing your graphics card. If the updated drivers didn’t come with the card itself, go to the manufacturer’s website. Once that’s done, you’ll need to configure your node and connect it to the network. In order to do this, you’ll need to download the entire Ethereum blockchain (currently over 20GB and steadily growing). After that’s finished downloading, you can connect to the network in several different ways. If you’re familiar with command lines, you can install Geth. Otherwise, Ethermine will sate your needs.
Private Test Network
Once you feel as though you’ve set everything up correctly, you can set up a private test network. This tool is extremely useful for testing public contracts, developing new technology or simply just testing your mining capabilities. With a private test network, you are the only user. This means that you are solely responsible for finding all blocks, validating all transactions and operating smart contracts. This gives you your own Ethereum sandbox. Currently, services like Geth provide these services with command lines.
If you at least know the approximate hash rate for your computer system’s hardware, calculating your profits will be much easier. There are many cryptocurrency mining profitability calculators online. These calculators will automatically calculate your hashrate based upon your hardware, and tell you if you will make a profit or not. Profitability calculators factor in your electricity costs as well as any pool fees in order to give you a (somewhat) accurate representation of what profit you’ll make.
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Investing in Cardano (ADA) is the real deal!

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If you’re considering investing in Cardano, you’re in luck. Cardano’s influence on blockchain technology is steadily increasing and the platform is using its community as the main pillar that drives its agenda to an ordinary user. In doing this, they empower their community, and the brand gains popularity as stakeholders start to embrace this new exciting project. Many Cardano users are building up their ADA portfolios, and this result can be seen by looking at the price and Cardano’s growth in value. Contrary to other digital assets, Cardano has a very active community, spread over almost every country across the world. The goal of becoming a grassroots level cryptocurrency is to incentivize users to buy and hold their ADA; then use it to solve any of their real-world problems. Mass adoption of Cardano would most likely result in users making payments with virtually all outlets, presenting users with equitable opportunities.
Growing interest in Cardano
Despite Cardano not being on everyone’s watch-list, It is one of the most advanced blockchain platforms available. As a result, Cardano became one of the most popular open-source projects relating to cryptocurrency. Many expert voices have constantly been stating that Cardano is due to become one of the most dominant forces in the market in 2018. Despite us still being in the early stages of the Blockchain technology revolution; more and more experts continue to claim that Cardano is definitely something people should keep an eye on. Investing in Cardano is something worth considering. Since it’s initial launch, Cardano took on the task of doing everything that Ethereum can do, but better.
IOHK (Internet Online Hong Kong) is Cardano’s main development team. Recently, they introduced a few network updates and a wallet. Following this, Cardano released their Test Nets. These are K-EVM; Cardano’s first Testate which went live on May 2018, 2018. And the IELE VM Test Net, which launched On July 30, 2018. Both of these Test Nets are an attempt to boost the Goguen project; One of the two core projects the IOHK developer team are working on. This project’s goal is to provide smart contract capabilities for the Cardano Blockchain. This went into action after the test nets were launched. Guguen is designed to deliver side chains; allowing users to transfer digital assets across two different blockchains without any third party involvement.
A transition to Proof of Stake
Charles Hoskinson, CEO of Cardano, states that the shift to a proof of stake consensus algorithm will be one of Cardano’s most significant feats. Paired with the Ouroboros Genesis, new Cardano users are able to “Bootstrap from the genesis block and do not need a checkpoint block, or any prior knowledge of the number of active users in the system”. This was not previously possible on other Proof of Stake distributed ledgers, which is what makes this feature a true turning point for this technology.
Hoskinson pointed out in a tweet that an immediate benefit of implementing PoS is that it uses a fraction of the computing power and electricity needed with PoW. As it stands, Bitcoin and various other PoW currencies continue to make headlines about the substantial electricity usage by miners. Cardano is currently attempting to implement efficiency as well as security.
The underlying idea of PoS is that miners will vote by “staking” their coins on the network. By doing this, users will slowly accrue interest in the form of newly minted tokens. These tokens are sent out at regular intervals for their participation. The PoS protocol incentivizes the userbase of its cryptocurrency to be regularly active on the network. In doing this, they will be assisting in the facilitation of transactions, securing the blockchain as a result. In a nutshell, investing in Cardano to generate more ADA would entail putting some or all of your ADA in a separate account, and letting it gain interest.

Yeah, we don't have to use more power than the country of Ireland to have our system run. I didn't want to copy that one
— Charles Hoskinson (@IOHK_Charles) April 26, 2018

And bitcoin is still a small system. Imagine a global scale system with billions of users? The feedback loop reinforces more power consumption not less
— Charles Hoskinson (@IOHK_Charles) April 27, 2018

Is investing in Cardano worth it?
As it stands, Cardano is still at the beginning of its journey. Be that as it may, the developers behind it (Brünjes, Hoskinson and the IOHK team) have a vast knowledge about crypto. They have a background and a strong know-how about the cryptocurrency industry. Despite cryptocurrency being about decentralization, the team behind it still has a strong impact on how the coin will develop over time.
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
I believe that the future of Cardano is very bright, and investing in Cardano is a good idea. The coin has been able to operate and solve problems better than many of its competitors. It’s almost as if once a year, a new potential cryptocurrency arrives aiming to make things better than the last. But only time will show which ones will thrive, and which ones will fade away. ADA has been getting many new investors on board for a while now. But with so many altcoins and ICOs scattered all over the crypto space, it’s hard to see what makes any of them different.
With all the updates coming to Cardano, ADA could possibly exhibit a price surge in the future. Despite the capriciousness of the cryptocurrency market, it could be speculated that with the current trends we’ve seen; Cardano could potentially lead the cryptocurrency race in the near future. Will you be trading ADA? If so, our cryptocurrency exchange platform offers no fees when trading ADA/BTC pairs.
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Trailing Stop Order: Trading Strategy Tips when using Special Order Types

The post Trailing Stop Order: Trading Strategy Tips when using Special Order Types appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
Trailing Stop Orders are one of the most useful tools in professional traders’ toolbox. A trailing stop order is simply an order which tracks the market price. It then submits a limit order at the given market price. This order is particularly useful to a trader with a low-risk profit taking strategy
In a nutshell, this order type basically allows you to “follow” the market direction with your investment. The longer the market keeps going in the direction you buy or sell into, the more profit you make. If it goes against you, the losses are minimized to the risk level you decide, before placing the trade. You minimise your losses, yet you still have the ability to take advantage of potential gains.
Example:  Let us pretend that you buy 1BTC  as an investment for R10 000. You believe in the whole “BITCOIN THING” but you cannot afford to lose more than R1 000 (10% of R10 000) because petrol prices are going up again and you need to adjust your budget. So now what you can do is take your 1 bitcoin and place a [SELL] stop order, with a price distance of R1 000 from the market price.
If the market price goes down and the BUY price drops to R9000, the stop order will trigger and automatically place a sell order. So you are safe and have limited your exposure to R1000 nett loss.
The Trailing Stop…
What if the bitcoin value keeps climbing? Your instict was right and the price is going up. Now, with a stop order, the triggering price is fixed (R9 000). In contrast, with a trailing stop limit, the trigger price will follow or track the market price. Furthermore, YOU decide the margin or distance from the market price. That means if the price of 1 BTC rises to R20 000, the trigger price will rise to R19 000.
What is the main advantage of using a trailing stop order?
With this strategy, you are taking a longer-term view on the market. Yet you are limiting your exposure should the market go the other way. This method allows a trader to ride the momentum of the currency whilst not having to keep an eye on the trade in case the market drastically moves in the opposite way. As a result, this is a great order type for beginners to try out. The reason for this is that this order allows you to remove “emotion” from your trade. To further explain, you are able to plan your trade and then “walk away” leaving the system to “ride the wave” for you.
Why is this used for low-risk trading strategies?
Like a stop-limit order, the trailing stop order is a tool to limit losses whilst leaving enough exposure to make a profit on trades whilst there is volatility in the market. Taking on exposure to a cryptocurrency asset class is risky and this order type is like buying insurance on a trading strategy. 
Where can you use this strategy?
Advanced exchanges all over the world offer this type of functionality and iCE3X is the first exchange to offer this feature in South Africa. iCE3X has established itself as the leading trading platform in South Africa with more features, order types, and functionality than any other operator. We will be further extending this lead by enabling trailing stop limit order functionality on the exchange during November 2018. Make sure you sign up to our mailing list or follow us on social media to stay up to date.
When you trade cryptocurrency it can be risky yet also highly rewarding. Furthermore, trailing stop orders assist the trader to create and manage more advanced trading strategies.
Have you used a trailing stop order? Let us know your thoughts in the comments section below.
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