Sunday, April 16, 2017

This was important to get out

                                                          Just a little Help

Although this article will have not that much to do with Bitcoin or cryptocurrency, even though it does have a lot to do with the SECURITY of Cryptocurrency, it is an important article to get out. For a while now there has been a malware known as ransomeware that can lock you out of your computer, demanding you pay a ransom in Bitcoin or Monero to unlock it. DO NOT EVER PAY THE RAMSOME. There are ways to combat these morons, that obviously can not add anything up themselves. Heck, these idiots probably failed math in school and if you asked them what your change should be at the store they would give you the deer in the headlights look.

I found this article that explains a better than I can so I will just copy a quote and the article will be linked. I really suggest you get up to date with this information. If you are like me and live on Cryptocurrency you will want to protect everything. It is simpler than you may think.

With  nasty malware like Locky making the rounds—encrypting its victims’ files, and then refusing to unlock them unless you pay up—ransomware is a serious headache. But not all ransomware is so difficult.
You can remove many ransomware viruses without losing your files, but with some variants that isn’t the case. In the past I’ve discussed general steps for removing malware and viruses, but you need to apply some specific tips and tricks for ransomware. The process varies and depends on the type of invader. Some procedures involve a simple virus scan, while others require offline scans and advanced recovery of your files. I categorize ransomware into three varieties: scareware, lock-screen viruses, and the really nasty stuff.”...READ MORE

GPU mining is still good if.....

                                                               GPU MINING

There are many articles that are stating that GPU Mining is no longer Profitable. I am here to tell you that not all Coins can be mined by ASIC. You need GPU miners to build up the assist that the ASIC miners just cannot.

ASIC miners will constantly mine solving the math problems, but as we have showed there will always be a time that the math difficulty will be too high and it must re calculate in order to start accepting shares again. You need to have a good GPU mining rig or system to continue mining as an assistance this also provides profitability. Look The name of the game is Satoshi, not dollar. GPU mining is as important as ASIC. It is profitable as the assistance mining system. They must be used together.

  For an example you cannot mine Ether Directly with ASIC miners, it must be mined with a GPU so with that being said, you need GPU miners also. Look past the dollar, the dollar is fake, and only concentrate on adding up satoshi and you will see that the money is just the product of what your goal is.

Thursday, April 13, 2017

A retweet that Shows truth

There is certain entities that have no understanding of Bitcoin thinking they could make a private blockchain and make a National Currency. That is the most Illogical, idiotic idea, but what do you expect from morons that do not have any understanding of the concept?

"National cryptocurrencies will never be able to compete with Bitcoin because no one will trust a system that requires advance permission from and which is controlled by a government to use it. "

Monday, April 3, 2017

Exchanges-The ins and Outs

Today we will be discussing the way to choose a good exchange. I have in recent weeks been using My Android Coinomi app because of the fact Cryptopia has increased the withdraw of the litecoin which is too much over the network fee. So I have stopped using them as of this day.

Let us look at the network fee for sending or withdrawing Litecoin, 0.001 (LTC) is the Minimum fee per KB for non free transactions (creating). With that being said, Cryptopia refuses to allow a withdraw from your wallet unless the minimum is 0.1 (LTC), that is too much above the minimum and is the reason all goes to my Coinomi witch is based on electrum technology.

If you happen to be mining a coin that the App does not support try to mine one, or use the following two good exchanges, Bleutrade, or Poloniex. These two exchanges do not have a high withdraw amount, and the fees are reasonable. I recommend either or both of these exchanges. I do use Poloniex or Bleutrade to exchange certain coins.

Now let us understand that when you look into an exchange, do not merely pick the exchange because they have the coin you are wanting to mine listed. The idea is to change the coin over to ones that would be the easiest, not at the expense of the exchange to take more from you.

For all Android users I personally recommend Coinomi, and Shapeshift they are a great source for us miners.