Cryptocurrency mining entails using computer processing power to verify transactions and securing the blockchain network by solving specific and complex mathematical equations. For this, a set amount of digital tokens or coins is awarded to miners.
When mining on the Bitcoin network first started, users were able to mine bitcoin using their laptops and home computers. However, as the Bitcoin network grew and its mining difficulty increased, mining using simply a PC was no longer profitable as specialised bitcoin mining hardware was developed. These machines are called Application Specific Integrated Circuits (ASICs) and came to be used by large-scale mining operations, which ended up dominating the bitcoin mining market and, in turn, pushed out the individual home miner.
Fortunately, for cryptocurrency users who still want to get involved in mining, there are still cryptocurrencies out there that can be mined on a PC. In this guide, you will discover the best cryptocurrencies to mine using your home computer.
Monero (XMR) is considered to be the top among anonymous digital currencies, designed to provide financial privacy and transactional anonymity to its users. Moreover, Monero is relatively easy to mine on your PC. All you need to do is download a Monero mining software application, such as MultiMiner and Guiminer, join a Monero mining pool, and you are ready to start mining.
Monero is based on the CryptoNight proof-of-work algorithm. The CryptoNight protocol is specifically designed to resist the development of Monero-specific ASICs. Additionally, the team behind the altcoin is committed to ensuring the network stays up to date with ASIC development to prevent its coin from being “hijacked” and subsequently centralised by large-scale mining operations. For example, in April 2017, the Monero developer team initiated a hard fork in response to Bitmain’s Monero-specific ASIC to keep the anonymous digital currency ASIC-resistant. These factors mean that large mining operations cannot take over the ecosystem as it has been the case with bitcoin.
If you wish to increase your Monero mining earnings, you will need to purchase and install graphics cards to boost your processing power. For Monero GPU mining, AMD graphics cards are considered most suitable.
Vertcoin (VTC) is well suited for small home mining operations. Like Monero, Vertcoin is also resistant to the development of ASICs, which is one of its key features as “the people’s coin”.
The highly user-friendly Vertcoin mining software, One-Click Miner, is available for download from Vertcoin’s website, and supports both CPU and GPU mining.
The process to mine Vertcoin using the One-Click Miner is uncomplicated and easy to start. After downloading the software, you simply need to choose a mining pool that suits your computer’s processing power and you are ready to start mining Vertcoin from home.
It is important to note you can only use AMD and Nvidia graphics cards to mine Vertcoin. The team also publishes additional information to help you calculate the profitability of your mining operation based on the metrics relevant to you.
The meme culture has expanded significantly in the last few years, so much so that a digital currency that was based on a meme was launched. That digital currency is Dogecoin (DOGE). While initially considered somewhat of a joke, the altcoin has managed to establish itself with a significant and committed community and boasts one of the highest transaction volumes in the crypto asset market.
Dogecoin employs the Scrypt proof-of-work algorithm, which enables the Dogecoin network to use less energy in its mining process than, for example, bitcoin, and its block time is only one minute to miners gain new coins as rewards faster than in other networks.
To start mining DOGE from home, you will first need to download a Dogecoin wallet in which you can store your mined coins.
Then, you will need to decide between the two possible ways to mine Dogecoin at home, via CPU or GPU. While using your CPU, the mining software, CPU miner, runs in the background. It is designed such that when you are not using your PC, it will not slow down your device.
Using AMD or Nvidia graphics cards can increase the speed at which your computer engages in the mining process. For GPU mining, you will need to use either cgminer or cudaminer as they are compatible with the graphics cards. However, to maximise the chances of acquiring a block reward, it is advisable to join a mining pool, such as CoinEx and MultiPool. This allows you to leverage the greater collective processing power and speed for higher returns from mining Dogecoin.
Things to Consider When Mining Cryptocurrencies
Whichever coin you choose to mine, it is advisable that you research the pros and cons of each digital currency’s ecosystem before you launch your home mining operation. For example, you do not want to get involved in mining a coin that is easily susceptible to a 51 percent attack or one that shows little potential to increase in value in the future.
In addition, you need to bear in mind that you will need to protect your computer from overheating while you are mining, ideally by purchasing extra fans for cooling. It is also vital to keep up to date with the latest software updates as not being on the latest version could mean an interruption to your mining operation, which will affect profitability. Moreover, updating your ledger means that you are able to reap the benefits of any security patches included in the new versions of the software. This is an especially important consideration.
Furthermore, you need to keep an eye on local regulation covering cryptocurrency mining and on any potential new taxes that may require you to pay income tax on your mining profits. Lastly, consider the costs of electricity in your area. If energy is expensive then your mining operation may not be as profitable as you had originally estimated it to be.
What are the Betway Deposit Options?
Betway, based in the U.K., is one of the leading online sports betting bookmarker sites today. The official sponsor of teams like West Ham United, people love Betway because they can bet on so many different sports at once, from cricket to football and more.
It’s no secret that sportsbooks have become one of the leading international bookmakers’ in various countries such as Kenya, Nigeria, Zambia, South Africa, and other countries. If you are wondering how to deposit money into your Betway account, you can start straight away too!
Betway offers a lot apart from sports betting such as casino games such as table games and slots. There is also live betting and virtual betting in sports such as soccer, horse and dog racing, basketball and tennis.
Opening an account with the sportsbook is quite accessible since you will only require a username, an email or a mobile number and a password. Once you have verified your account, you are ready to start betting.
Betway Deposit Options
Betway is a versatile online betting shop because it offers various deposit methods for its users. So, how do you get the most out of Betway?
#1. Debit Card or Credit Card
A debit card is a convenient way of depositing your funds. You will instantly get your deposit plus the Betway charges will be transferred to your account. You can deposit funds to your Betway account through the Visa, MasterCard, or even Electron.
All you need to do is click on the banking button on Betway, and deposit the money by entering your debit card details. Once you confirm the payment, the amount will be deposited to your Betway account – all in a few seconds. And it’s not just debit cards we are talking about. Yes,, you can deposit funds to your Betway account through credit. Card payment can be made through two options:
The steps for storing funds through your card payment are the same as the one for the debit card.
Neteller is an e-wallet that is compatible with Betway. You can deposit funds in your Betway account using the following steps
- Now, just choose any of the Betway depositing options you have available.
- Enter your 12 digit Neteller number and six-digit Neteller ID.
- Enter your Betway password
- Enter the amount you have in mind
- Click Confirm.
Skrill is another e-wallet that works like Neteller. All you need is a debit it or a credit card to get started with your Skrill account, a reason many bookmakers love it. If you are looking for transferring money from your account, you can use bank transfer or online banking.
Just Select Skrill as your deposit method on your Betway account, enter the amount you would like to deposit, and deposit!
PayPal is another e-wallet that makes it easy to deposit to your Betway account. It is free of any charges, and you can deposit any amount you like seamlessly.
All these deposit options will deposit money to your Betway account.
*This article was contributed by an external media partner.*
Forex Trading Indicators Providers – What to Look for When Searching for the Best Services
When trading forex online, an excellent way to increase your earning potential to make use of so-called forex trading signals but the key is to find a forex trading indicators provider that is of the highest quality.
Here are some tips for finding the best forex currency trading signals!
Of course, you need the vast majority of your trades to make a profit if you want to trade forex profitably in the long run. While no indication service can you 100 percent accurate signals that will generate you a profit every time it is important to look for one with a high accuracy rate. A high accuracy rate can potentially help you to boost your forex trading revenue so that you can earn more pips – not to mention more money – out of every trade.
Top Quality UI/UX
One of many elements what things to look for having an online forex trading indication service are an excellent user interface and user experience. A top quality user dashboard might help with graphs, graphs, better-computerized indicators, and a better overall experience to assist you in operating and being successful.
The people place can also give you significant improvements in the signals, on crucial and technical examination and on distinct strategies that you might use to increase income using trading signals. An excellent user dashboard area can really make a transmitting service cost worthwhile and can really make all of the difference when it comes to trading effectively.
Great Customer Care
Needless to say, you always wish for great customer care in the case that you need assistance with the trading software. This might make a massive difference, and to be able to contact your dealer, as well as your forex signal expert, can be among the key requirements to success when it comes to trading forex.
One other thing to look for is an excellent trial offer. If a forex broker provides a free trial of their forex currency trading signals, test the trading service for all the above-mentioned points and you will quickly find out whether the company’s service is for you or not.
An online forex currency trading platform can seem overwhelming at first. Hence, it is best to start out with a demo account to learn the ropes before embarking on your forex trading journey.
If you can find a forex trading signals provider that scores high in all of the above-mentioned points, you should definitely consider giving it a try as it may not only help you to get started with forex trading but it may also help more experienced traders with the execution of their trading strategy.
Forex Signals – A Must Have Tool for Successful Trading
Very few people are experts in forex currency trading. In case you aren’t one of these brilliant, you will likely see strong swings in your forex currency trading profitability. New traders often have trouble managing their positions once they have placed a trade and their money is at risk. And often, it is the inability to stick to trading alerts that leads to closing out losing positions.
Forex Indicators Worth
Following the forex market 24/7 and sticking to a pre-determined strategy for the entire time you are active in the market can be very difficult. Not only it is challenging to spend the entire day (and night) in front of your trading dashboard but your emotions will also come into play when you see your P&L swing from positive to negative and back.
That is where forex indicators and trade signals can come in to help you. Automated signals can help you with your trading decisions by enabling you to execute a trading strategy without letting your emotions get the better of you.
There are a number of forex signals providers that you can test to find a software that works for you and your trading needs.
How Forex Signals
Forex signals are computer software generated trade signals that tell you – with a relative certain degree of accuracy – whether to buy or sell a currency pair. However, it is important to note that not every signal will lead to a profitable trade.
Forex signals provide traders with target prices and stop-loss limit levels that could potentially lead to a profitable trade. This can help traders to stick to their strategies without letting their emotions get in the way. However, it is important to highlight that forex signals are not a plug-and-play passive income generating software. Trading incurs risk and that is also the case when using forex signals. Having said that, they can be a valuable tool in the toolbox of new forex traders who are yet to learn the ropes and create winning trading strategies for themselves.
Forex Training is Vital
With the right forex trading program, training and mentoring, you can learn to operate technical indicators correctly and control your emotions when real cash is at risk. If you’re thinking about one of the most effective solutions to becoming a successful forex trader, making use of high-quality forex alerts with first-class training and mentoring from real traders is better than any forex signals.
Bet With Bitcoin
Places in Africa Where You Can Find a Bitcoin ATM
EcoHack Africa 2018 Aims to Build Blockchain-Based Green Economy Platform for Africa
Bitcoin Loophole – Another Crypto Scam to Avoid
5 Ways to Earn Free Bitcoin Cash (BCH)
Top 5 Best Bitcoin Apps That Enable You To Earn Cryptocurrency
Quidax to use Ripple’s XRapid Product to Revolutionise Remittance and Payments
What is Particl and Why Should You Know About It? – An Interview with “Crypto Ramble”
The Top 5 African Countries That Are Embracing Bitcoin
7 African Blockchain Startups to Watch in 2019
Blockchain Game Gods Unchained Launches Beta Version
Press Releases1 year ago
Humaniq Doubles Number of Nations Where it Brings Global Unbanked Better Options
Altcoins1 year ago
Humaniq Global Challenge Winners Go To Kenya
Altcoins1 year ago
Humaniq Brings Financial Inclusion to Five More Countries in Africa
Press Releases1 year ago
Humaniq wants YOU for Hack.Summit (Blockchain)
Bitcoin2 years ago
Meet Africa’s Youngest Blockchain Entrepreneur: Token Media’s Elisha Owusu Akyaw
Bitcoin8 months ago
Places in Africa Where You Can Find a Bitcoin ATM
Bitcoin2 years ago
Kenyans Are Among Highest Bitcoin Holders Per Capita According to Citi Report
Altcoins2 years ago
5 Ways to Earn Passive Income with Cryptocurrencies