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Best Cryptocurrencies to Mine on Your Home Computer

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Best Cryptocurrencies to Mine

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)

MoneroMonero (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)

VertcoinVertcoin (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.

Dogecoin (DOGE)

DogecoinThe 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

Best Cryptocurrencies to mine at homeWhichever 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.

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How to Choose the Best Broker in South Africa

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Best Broker in South Africa

If you’re interested in forex or CFDs trading, you’ll need to find yourself an online broker. With so many brokers in South Africa to choose from, it can be hard to decide. That’s why in this article, you will learn how to find the best trading platform in South Africa.

Trading in South Africa

South Africa is one of the leading countries for forex trading, alongside the UK, Australia, and the USA. That’s why many brokers are now offering their services to South African residents.

The best thing about online trading though is that you can do it from any location. There are many traders from all across the world, selling and buying assets each day. Many brokers now offer mobile trading apps too, letting you trade directly from your smartphone. A great idea if you want to trade on the move.

Other points to check when choosing a broker include:

  • the minimum deposit
  • assets available
  • regulation licences

Out of these three things, the most important to check is regulation. All good forex and CFD broker platforms should be fully regulated and licenced.

Regulation

Regulation means that a platform is authorised to function as a broker service and monitored by an official regulatory body.

Some important regulation authorities include CySEC, the FSA (Seychelles Financial Services Authority) Financial Services Authority, and the United Kingdom’s Financial Conduct Authority (FCA).

South Africa also has an official regulation board, known as the FSCA (Financial Sector Conduct Authority.) All of these authorities set financial rules that brokers must follow. These rules are designed to protect traders from fraud and scams.

That’s why it’s important that any broker you choose holds at least one licence from one of these authorities. Selecting a regulated broker is the key to trading securely.

eToro South Africa

tradingeToro is a leading broker with millions of clients worldwide, including South Africa. The broker is known for offering a social trading platform which comes with unique tools, such as the CopyTrader tool.

This feature lets users automatically copy the trades of other successful traders. It’s a great option if you’re new to trading and want to learn from others. Other social features include the eToro newsfeed where you can discuss trading topics with members. It’s a great way to keep track of the latest market news.

Most importantly, eToro is a regulated broker, and they hold licences from CySEC and the FCA. So they’re a secure broker to open an account with.

Talking of the trading account, the platform is self-developed by the broker and is known for being very easy to use. It has a clear layout and comes with a great selection of forex and CFD assets to trade with. Some CFD instruments listed include cryptocurrencies, commodities stocks, and indices.

To start trading, you’ll need to open an account with the broker and fund your account. The broker only accepts USD, so if you deposit in ZAR a small conversion fee will be charged. The first minimum deposit amount is $200, but all deposits made after this start from $50.

IQ Option South Africa

Another great broker that we’d like to tell you about is IQ Option. Like eToro, they are also a major broker with many clients from various countries.

The broker was launched in Russia in 2013, and it has grown to be a very respected platform. Currently, the companies headquarters are based in Cyprus, and they hold regulation licences from both CySEC and the FSA. The main thing that IQ Option is known for is its incredibly low minimum deposit.

To start trading with this broker, you just need to deposit $10 to your account. Or if you wish to deposit in ZAR, the amount is 150 ZAR. This is a great amount if you want to start trading with a smaller percentage of funds.

It’s possible to make the deposit using a wide range of payment methods. For instance credit cards, wire transfer and electronic wallets like Skrill and PayPal are all accepted methods. The fact that you can deposit and withdraw in ZAR is great if you don’t want to pay currency conversion fees.

The platform is available for desktop or online use. There is also a free trading app available for iOS and Android devices. Instrument wise, IQ Option offers forex and CFD trading. Stocks, cryptocurrencies, options, commodities, and indices are available for you to trade as CFDs.

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What are the Betway Deposit Options?

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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!

BetwayBetway 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:

  1. Visa
  2. MasterCard

The steps for storing funds through your card payment are the same as the one for the debit card.

#2. Neteller

Neteller is an e-wallet that is compatible with Betway. You can deposit funds in your Betway account using the following steps

  1. Now, just choose any of the Betway depositing options you have available.
  2. Enter your 12 digit Neteller number and six-digit Neteller ID.
  3. Enter your Betway password
  4. Enter the amount you have in mind
  5. Click Confirm.

#3. Skrill

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!

#3. PayPal

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.*

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Forex Trading Indicators Providers – What to Look for When Searching for the Best Services

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forex trading indicators

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!

Accuracy

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

forex

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.

Check Demos

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.

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