Why Bitcoin price has dropped and what that means

Is the Bitcoin Lightning Network ready for Mainstream Use?

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Remember the lightning network? There was a lot of hype surrounding it initially, though upon release it was simply too buggy to operate. If you’re not a fan of the Lightning network and have only heard small bits and pieces about it, fear not. You may be surprised to know that even despite the negative reception the lightning network received upon release, the network is still alive and is even considered a success by some. 
What is the Lightning Network?
The lightning network is a ‘solution’ to Bitcoin’s scaling problems. The Lightning Network is specially designed for micropayments as they would work considerably smoother on the Lightning network as opposed to the original Bitcoin network. The main idea of the Lightning Network was to be able to make off-chain payments that would not slow up the Bitcoin network as much as normal payments currently do. Also, it may be important to note that by the end of 2017, the Bitcoin network was extremely congested and highly volatile. As a result, people wouldn’t always receive the same amount of money they were sent.
Bitcoin’s SegWit means the many well-financed companies researching Lightning solutions can start to test on the main network – Fran Strajnar, co-founder and CEO of Brave New Coin
Because of this, the Lightning Network is designed to be a solution to save us all. So what happened? Bugs. And not the type of bugs that can be exterminated with ease. In fact, the Lightning Network was so buggy on release that many people actually lost money by using it. However, nobody lost massive amounts of money, as people use the Lightning Network for micropayments. But due to all the bugs it faced, people looked for different alternatives to save the risk.
Record Capacity
Despite the recent declines for Bitcoin and other cryptocurrencies, the bitcoin Lightning Network hit a record capacity of $2 Million. If you’re familiar with Blockstream CEO Adam Back’s recent prediction of a $500,000 Bitcoin, this may not be a surprise. But being one of the blockchain startup’s main technological efforts, the Lightning network saw a steep rise to over $2 Million in capacity even while the price of bitcoin rapidly decreased.

Lightning Network Continues Expansion Amidst Market Drop https://t.co/XLX4gp4YVs pic.twitter.com/dAZccJwjPo
— Bitcoin Alerts (@bitcoinalerts) November 26, 2018

The thing is, Adam Back is not an economist, he is a cryptographer. His firm thrives when Bitcoin and other cryptocurrencies do well. Be that as it may, Tom Lee is a graduate from Wharton School and a financial analyst with over 25 years of experience in financial research. His prediction, with just a few weeks left of 2018, is a $15,000 bitcoin before the year ends.
Is the Bitcoin Lightning Network ready for Mainstream Use?
Hype surrounded the Lightning network as it presented itself as a solution to scale the technological issues Bitcoin faces. Even without having a solid foundation, the blockchain network is in a beta and development phase. Because of this, the Lightning network is technically not ready for mainstream use of yet. It’s simply too risky for users to invest large amounts of money into the lightning app or any app that has integrated this new blockchain protocol.
Despite this, the Lightning Network has shown many signs of success. Plus, with added optimizations and upgrades, the network is currently running far smoother than it did post-launch. The Lightning Network’s recent bubble could partially be the result of the recent hash war. This is the same hash war that caused the price of Bitcoin Cash and many other coins to plummet. Many users have been losing faith in this Bitcoin spin-off, which is a surprise. Many previous Bitcoin Cash users preferred the coin as it was a faster and more usable version of Bitcoin.
Are these two cryptocurrencies (Bitcoin SV and Bitcoin ABC) managed by idiots? Some may think that the recent in-house fighting between the differing miner factions — one being Bitcoin SV miners, the other being Bitcoin Cash miners — is all the proof we need. Could this be driving people toward altcoin trading? Let us know your thoughts in the comments below!
Even with all of these changes we iCE3X are here to give the best information and trading fees. Join us now, register and start trading!
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Bitcoin Cash SV Gains 300% In 3 Days: Are the Hash Wars actually over?

Bitcoin Cash SV Gains 300% In 3 Days: Are the Hash Wars actually over?

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Many people thought that the seemingly endless Bitcoin Cash hash wars ended with Bitcoin ABC being crowned victor. Bitcoin ABC had the longest chain and the most hashing power. However, recent events show that it’s quite the opposite. Bitcoin SV has recovered, multiplying its value from a laughable $38 to a whopping $112 in just 3 days. On the other hand, Bitcoin ABC, the direct enemy of Bitcoin SV has only increased in price by 5% in the same timeframe.
Hash Wars: Return of the Jedi
Just last week, both Bitcoin.com and Antpool rerouted their hashing powers from BTC to BCH in order to increase the strength of the proposal they chose to support (BTCSV). Before both of these companies decided to mine Bitcoin Cash, Bitcoin SV — The party that opposes the Bitcoin Cash hard fork — was actually leading the Hash Wars. Bitcoin SV had 75% of the miners on the network. Shortly after this, Bitcoin ABC made an unprecedented return, scooping up 73% of the miners, leaving BTC SV with 27%.
Currently, Bitcoin ABC owns about 64% of the Bitcoin Cash network hash rate. BTCSV’s share is currently at 36%. It seems as though the hashing power on the network is constantly changing. Less than 2 hours prior to writing this post, the difference between these two competitors reduced to under 20%. It’s crazy to think that just a week ago on November 20, 2018, this difference was even larger. Bitcoin ABC saw support from 73% of the miners on the network, while BTCSV stood on one leg with a measly 27%.

ABC is comitting a suicide, not killed by SV.ABC killed itself.
Face the reality!
Yes it is the danger for the entire crypto world.
We should save Bitcoin as it is.#WeChooseSV
— Superior Victory (@SuperiorVictor1) November 22, 2018

Bitcoin SV Scalability Goals
Craig Wright, Leader of the BTCSV development team, recently published his predictions about the future of Bitcoin SV. A highly ambitious idea Wright has; is to increase Bitcoin SV’s scalability in order to handle 1TB of transactions during peak times within 3 years. As it stands, Bitcoin SV has a block size of 64mb. It’s set to increase to 512mb within six months, then up to 2gb within a year. As well as this, Wright also states that due to these upgrades coming to the block size limit; Bitcoin SV miners could potentially be earning $8,000 per block within six months.
Bitcoin as SV will have miners earning over $8,000 a block based on use alone. That equates to $640 a Bitcoin on exchanges, and we have not factored in the gambling price of Bitcoin, just what miners will earn as a service – Craig Wright
According to Craig Wright, within the space of 2-3 years, Bitcoin SV will have the ability to handle 6.5 million transactions per second. For some perspective, this would be: Visa, MasterCard, Banking with SWIFT and ALL global currencies available (not just cryptocurrencies) in just under 15% of a block. While this is an extremely bold statement, price charts are where the facts remain. (Don’t forget we have multiple trading pair charts on ice3x.com)

As you can see in the following charts, Bitcoin SV had a floor of support around the price of $39, and has been exploding in value since then. Currently, a single BTCSV token is worth $107. Could it go higher? Or do you think it will go lower? Let us know your thoughts in the comments below!
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Cardano Valuation by iCE3X / South Africa

Cardano Valuation by iCE3X / South Africa

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Cardano is the world’s first peer-reviewed blockchain in the cryptocurrency space. The Cardano project began in 2015, developed by Input-Output Hong Kong (IOHK). This nonprofit foundation is a network of scientists and academics from several different universities. These include the University of Edinburgh and the Tokyo Institute of Technology. This team often doing a peer-review of all protocols before they release. In this post, we will dive into a Cardano valuation and determine if it’s worth the investment
Cardano is a third-generation cryptocurrency as well as a smart contract platform. They claim to vastly improve the scaling problems faced by bitcoin — a first generation coin — and Ethereum which is a second gen coin.
Cryptocurrency Valuations
Store-of-value cryptocurrencies like Bitcoin are easy to put a price tag on. These coins are simply a means of holding a value digitally. As a result, however much they can be bought and sold for at any given time will determine their worth. The supply and demand for these coins may change, and someone could consider them to be under or overvalued and expect the supply-demand ratio to change. However, no matter what the outcome is, by definition the price is always fair.
Platform-based cryptocurrencies like Ethereum (ETH) and Cardano (ADA) are much harder to value. Coins like these generally serve a function within a network. This could be a revenue-generating token, gas for transactions or even a symbol of voting rights. This would mean that the coin has a separate value, often wrapped up in the functionality of the platform’s system itself. Differing to store of value coins, utility tokens are able to have correct and incorrect prices. As a result, a Cardano valuation would simply be too difficult a task, and as the platform is still new, it’s subject to change anyway.
This can either be good or bad news for speculators depending upon how it’s looked at. For example, on one hand, the coin will actually have a definable function that can raise its value above zero. But on the other hand, it means the maximum potential price of the coin is capped at a finite point which is often in line with their actual function.

We can announce that there has been a change in the Cardano Foundation Council. Michael Parsons has resigned with immediate effect, Pascal Schmid takes over as Chairman on an interim basis. https://t.co/hg8bvVykQy
— Cardano Foundation (@CardanoStiftung) November 13, 2018

Cardano Valuation
In his latest research paper, Mati Greenspan, eToro’s Senior Analyst states:
Cardano, along with some other new projects represent the third generation of blockchain and aim to develop a new iteration of the technology to create more scalable and sustainable networks, while maintaining the privacy, security, and governance of the most successful and more established projects.
Be that as it may, the report also outlines that it is not easy to make an accurate Cardano valuation. It continues to explain that the ADA token is still in its infancy and as a result; many of the aspects used to determine the performance of the coin are unknown. Plus, there is always a chance that the performance of this token could change drastically in the future. The Cardano project is still in development and not yet fully operational. Because of this, it’s hard to determine the transaction volume as it is subject to significant changes once more dApps are on the Cardano platform.
Despite this, the research paper still concludes by stating:
Cardano has the potential to become a very successful project as it progresses through its long and ambitious roadmap.
ADA Price Analysis
Cardano (ADA) was unable to scale the 50-day SMA for the past week,  attracting sellers as a result. Despite this, it easily broke the support from its tight range at $0.068989 reaching close to its critical support at 0.060105 which sparked some buyers to jump at the opportunity.

If Cardano’s support at $0.060105 breaks, there’s a chance the price of ADA could slide to $0.043722. As it stands, the bulls are trying to push the prices of ADA back over the $0.068989 level. If they can successfully do this, the virtual currency will remain in a stable range oscillating around $0.060106 – $0.082207
Key Highlights

The price of ADA sharply dropped below the $0.0700 and $0.065 supports against the US Dollar (USDT)
A key bearish trend line formed with a resistance at $0.0640 on the hourly ADA/USD pair charts. (sourced from Bittrex)
The ADA/USD pair risks falling again if sellers manage to push the ADA price below its $0.0620 support.

We have a full review of Cardano on our blog page. But to summarise, Cardano is definitely worth the investment. The Cardano platform is an exciting development in the cryptocurrency space and the team behind it deserves all the support they can get. While an accurate Cardano valuation may be a difficult task, it may be too soon to tell if it even matters. The team behind Cardano are developing the coin whilst addressing all of the privacy, scaling and technological problems which today’s 2nd and 1st gen blockchains are currently facing. If you’re considering investing in Cardano, our cryptocurrency exchange offers no fees trading when using ADA/BTC pairs. Maybe you’ll be able to find an arbitrage opportunity! As the Cardano price is fairly low right now, now may be a better time than ever to invest!
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Using bitcoin – the new thing! – 10 reasons to buy bitcoin from CE3X.com

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Bitcoin has been king of cryptocurrencies for a while now. Despite this, many people still think bitcoin is just a store of value that could potentially make them rich. In this post, I will be going into why bitcoin is more than just a trading asset. Here are a few reasons why it’s worth taking the time to actually consider using bitcoin. Bitcoin is the most mainstream cryptocurrency on the market, but many people still don’t understand why they should make the effort to use it. So, if you’re thinking about using bitcoin, look no further.
Why use Bitcoin?
In some parts of the world, using Bitcoin (BTC) is actually much cheaper and more efficient for transferring money across borders. In fact, there are several remittance startups that help to facilitate this with ease using BTC. Despite this, the cost and speed of Bitcoin (BTC) are slowly being eroded as traditional channels improve, and liquidity remains a problem in many countries around the world. In addition to this, the network’s fees are continually increasing.
All around the world, both large and small retailers accept BTC (And sometimes, altcoins too) as a form of payment. Be that as it may, reports find that the demand for this function is not as high as you’d assume. Besides this, many individuals feel more comfortable holding a portion of their wealth in securely-stored BTC, away from central authorities.
Following the price boom in 2017, cryptocurrency seems to have taken the role of being an investment asset. The wave of interest that followed the price inflation drew traders, investors and even small savers to the Bitcoin scene. It seems as though people have woken up to the potential gains that could come from price appreciation.
A Peer to Peer Payment System
When attempting to send bitcoin to someone else, there is no need for any involvement from a payment processor. Meaning, the fee for each transaction is extremely small, ranging from 0 to a negligible amount. Bitcoin (BTC) being peer to peer means that no central entity controls the network. This negates the need to trust or receive permission from any one person or organization in order to operate on the Bitcoin (BTC) network. As a result, Bitcoin (BTC) has global appeal and is resilient to many problems that plague traditional fiat currency.
Easy online payments
There are many scenarios in which using BTC is the easiest and quickest option when making a payment on the internet. If you’re making a donation or buying a digital item that doesn’t need to be shipped, Bitcoin doesn’t require any personal information. As opposed to fiat currency, the merchant won’t need any information about you. This is because they aren’t charging you like a credit card. Instead, you are sending them the payment, much like a cash payment.
“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.” – Pieter Wuille
Reduced risk for merchants
Accepting traditional credit card payments is not only an expense for merchants, but it also leaves them vulnerable to fraudulent payment reversals or chargebacks. BTC payments cannot be reversed. As a result, once a merchant has received a payment, they can be certain that the money is there to stay. If a merchant is without access to traditional fiat payment networks such as credit cards etc, Bitcoin enables them to access the global economy instantly with low fees.
Full control over your money
Bitcoin gives it’s users the freedom to control and store their own money in an unprecedented manner. It’s free from restrictions, penalties, and most fees currently imposed by traditional banks. With BTC, you have the power to make executive decisions about your finances that were previously in the domain of financial institutions and governments. Using bitcoin allows you to take full responsibility for your savings. Having money without the need to trust a third party is something that didn’t exist prior to Bitcoin. Although trusting a third party isn’t always a bad thing, but having the option to is important. Here at iCE3X, we offer our users the ability to be in complete control of their funds with our cryptocurrency exchange.
Investment Opportunity
Since its initial release, Bitcoin has been valued at everything from less than a single penny, to almost 20,000 US Dollars. An asset with such high volatility is clearly a risky investment. Which there is a significant financial gain for some people, but not all. Many people are comparing Bitcoin in its current stage, to the internet 20 years ago. As it stands, there are infinite questions revolving around how Bitcoin usage will change, and the scale of its impact as the network grows and matures.
Much like gold, Bitcoin is considered a store of value. However, it can also be used as a method of transferring funds internationally with ease. The value of Bitcoin in the future will depend entirely on what role(s) the Bitcoin network takes in the global economy over time.

Bitcoin is rising after a terrible month – but it may be too soon to say it's bottomed out https://t.co/p1NW6MXSVH pic.twitter.com/SQiIzQM7zg
— Bloomberg Crypto (@crypto) November 28, 2018

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Cryptocurency Black Friday Deal from iCE3X.

Cryptocurency Black Friday Deal from iCE3X.

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Summer is sizzling. With the holiday season on top of us, we feel as though our users deserve a reward for being loyal iCE3X customers! As a result, we have decided to do a Black Friday event! The annual sales will be in full swing soon, and many of our favourite retailers like Takealot and Pick-a-Pay have already started to release their deals.


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iCE3X Black Friday
Starting at 12 AM, November 23rd, lasting for 48h, our Black Friday discount is a winner. During this time, users can go on our website ice3x.co.za and apply the coupon code that you’ll get right at 12 AM in order to receive flat 0% trading fees on many of our cryptocurrency markets. A countdown timer will be displayed on the site leading up to the day the coupons are released. These coupons will be able to be retrieved over a 24 hour period. Coupons will last 24 after being released. Users cannot redeem coupons after the Black Friday is finished.

Users can apply this discount by going to our landing page, going to your account, and clicking ‘Activate coupon’. Once activated, the code will last the duration of our Black Friday event. Act fast! There is only a limited supply of coupon codes. After they have all been used, the coupon code will not work.

Once you successfully enter your coupon code, hit the markets and trade with a whopping 75% discount on fees! We believe this will provide our users with a great opportunity to make some extra Rand for each trade you do! Also, if you want to maximize your profits on our trading platform, try our affiliate program!
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In-Depth Cardano Review! All that you missed to know!

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

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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).

(Source: Everipedia.org)
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 https://t.co/YHBsEkiDc5 pic.twitter.com/1TmreLslPN
— 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 ice3x.com 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

The post Tips people won’t tell you about Ethereum Mining appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
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 pic.twitter.com/xh2LMMc38M
— 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 pic.twitter.com/jPVLpFiNIv
— 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.
The post What is a Coin Fork? An Inside Look at Coin Forks appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.