The safest way to to start your Cryptocurrency journey

We run an education programme and Group to thousands of people around the world. I have been in this industry for 5 years and I see a lot of people talking & giving opinions and advise that is not to accurate or correct.

The Cryptocurrency concept is just getting started and you have the potential to really do some good things this year.

Always do your own research and make up your own mind though.

Here is a blog I wrote yesterday giving some advise on some of the best coins to watch out for in 2018 –

https://thecryptoproezine.com/2018/01/01/what-are-the-best-cryptocurrencies-for-2018/

There are 3 strategies you can take getting into Cryptocurrency

1- You can start buying and holding the coins you like & when the time is right for you then you can sell to make a profit.

I believe this is more of a long term strategy but up to you.

I can recommend the best coins right now for you too by reading the blog I posted above.

3- Trading

Unless you have trading experience, I do not recommend it as can be very risky and it’s a skill set that takes years to learn

Neither do I recommend joining sites like Etoro, iq option, plus 500 they are pure scams and are enticing you in to get you bitcoin, Ethereum, ripple etc.

You do not own these coins on there it’s just a cash value not actual Cryptocurrency and if you don not know how to trade you will lose money fast as you put it in, be careful!!

3- The safest and most secure way is to mine coins & yes it is profitable if you know how.

I do not recommend buying your own machines though. I was doing this for a long period of time and the electricity was costing me more than I was actually mining.

I am partnered with one the biggest mining facilities in the world and are in the middle of installing over 200 Million Dollars worth of new equipment and by April will be one of if not the biggest mining facility in the world.

The movements can be very volatile and risky in the markets so this is a safety net into the concept.

I personally do strategy 1 & 2 diversify and spread into many cryptos that I like and have the mining as my hedge and security against the markets.

Mining allows At today’s value costs about $2000 a coin to produce in our warehouse & on an exchange in nearly $15000 a coin. That’s a big difference.

So no matter what happens in the market place you are always safe and in profit.

Your coins are making coins every 24hrs

Win win!

Next week we are actually doing a 4day tour around the south of UK starting on 8th in Kent & on 9th Jan in Hertfordshire, 10th in Bournemouth & 11th in Devon.

Flying over is one of the biggest Bitcoin and Crypto educators to come speak about the industry and show people how to get onboard with a safe and secure manner.

You must come & I highly advise If you want to learn about this concept in a correct way you should come and listen to Max Nilsenius speak he is incredible & one if the the most knowledgable individuals you will ever meet.

✅Tickets for The Crypto Group South of UK Tour

🔵We kick of our Tour in Rochester, Kent @ The St George’s Hotel.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863455323917502

🔵9th Jan at The De Vere Hotel, Theoabalds Park, Cheshunt, Hertfordshire.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863469447249423

🔵Bournemouth 10th Jan @ The SpyGlass & Kettle.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863474637248904

🔵Jan 11th at The Cedars, Barnstaple.

📝https://www.facebook.com/thecryptoprosfanpage/posts/1863762707220097

If you need any help learning about this concept please just ask.

Many Thanks

The Crypto Pro’s

What are the best Cryptocurrencies for 2018′

After such a huge year in 2017 for Cryptocurrency, it looks like 2018 could be even more accomplished and 10x bigger. As we go mainstream and into mass adoption with proof of concept now complete with 10 year history and a market cap of over $700bn as I write this. Bitcoin,Ethereum & Litecoin have lead the way me now comes phase 2 as we move into mass adoption, full usability & every day use. When this happens in the next coming weeks and months it will mean millions of people purchasing coins. There will be billions of dollars even TRILLIONS being traded daily & added to the concept before your very eyes like a bullet train that can not be stopped!!

Do you think there is an opportunity to create wealth, you best bet your bottom dollar there is!

We truly are at the forefront of something magical & the best bit is we are just getting started!!

The best coins have not even been created yet!

In this blog I will walk you through some of the new coins you should be looking into to start conducting your own research and discovering more about the huge potential they potentially project.

If you want to know some of the best coins to purchase still that have generated huge gains like Bitcoin,Litecoin, Ripple, Monero, Dash in 2017 please go here – https://thecryptoproezine.com/2017/06/07/the-top-cryptocurrencies-you-should-be-purchasing-right-now/


WHAT ARE THE BEST CRYPTOCURRENCIES TO BE PURCHASING FOR 2018?

As we start 2018 the buzz for what is to come the excitement is electrifying in the industry & nothing I have ever seen before. People are going crazy to get started and FOMO (Fear Of Missing Out) is really kicking in.

Please be careful though there is so much noise out there at present. You really do need to just take your time and do the research and make sure what ever you do is best for you. I know it’s hard to get your head around it all, so hopefully by the end of this you will have a much better idea.

If you want to learn more about Cryptocurrency please go here http://www.thecryptopros.com

Please do your own research though, we offer no financial advise.

1- EOS

EOS has been created to design decentralised apps (daps) & smart contacts and is known for the competition it brings to Ethereum, many are saying this is Ethereum on steroids.

EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications.

EOS’s asynchronous communication and parallel processing provide scalability, while its ownership model eliminates transaction fees. These features make EOS a serious competitor of Ethereum (although EOS’s ICO actually supports Ethereum).

Created by Daniel Larimer who is also the brains behind Steem and Bitshares, Daniel is one the smartest programming individuals in the Cryptocurrency industry with years of experience and one of the best in the world at what he does Daniel brings huge credibility to the EOS eco system.

Also involved is Genius and Cryptocurrency billionaire Brock Pierce. What ever Brock touches it turns to Gold. As one of the most influential people in the space with huge success in many projects across the industry I just know Brock Pierce & Dan Larimer are behind this could easily be there best project yet.

It also says so much and I really do see a huge year for EOS in 2018. The technology is second to none and they offer a huge solution to payments with hundreds of thousands of transactions per second Capability. EOS also offers scalability to cater for millions of transactions per second.

With tremendous backing and one of the strongest teams in any project,the growth of EOS in 2018 will mammoth. The potential for gains in this coin is looking really good. ( No guarantees it can drop in value too.)

(Charts taken on 1/1/18 from http://www.coinmarketcap.com

  1. Decentralised App Creator
  2. Delegated proof of Stake Blockchain
  3. Can Process hundreds of Thousands of Transactions Every Second
  4. Scalability for Millions of Transactions Per Second
  5. Eliminates Fees

http://www.eos.io

Huge contender for 2018


2- VERGE (XVG)

Verge Is a secure, & anonymous Cryptocurrency that focuses on privacy by bringing Blockchain transactions to every day life. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy.

Verge development and marketing is supported by the thousands of members of the community.

Transaction speeds are ultra-fast compared to other coins. Simple Payment Verification (SPV) technology allows average transaction confirmation times to drop to ~5 seconds.

Verge uses multiple anonymity networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable & 100% Anonymous.

Private, secure, instant transactions run on a complete decentralised network with no central body controlling anything.

The team here are really creating something special and it could go on a real bull run in 2018.

(Charts taken 1/1/18 from http://www.coinmarketcap.com)

  1. Completely Anonymous
  2. Fast Transactions
  3. 30 Second Blockchain
  4. Ready and Scalable for Mass Adoption
  5. Decentralised
  6. TOR Browser Capability

Really strong and one or watch out for this could have huge gains if the demand stays as strong as it is now. Really looking forward to seeing this grow and implement their technology.

http://www.vergecurrency.com


3- NEO

NEO is a next generation smart economy platform (formerly Antshares) yet another smart contract platform (more on smart contracts in another blog coming soon) NEO is positioned as a “public cloud” and is part of a much bigger strategy by the Chinese government in establishing pre-eminence as a Blockchain platform industry leader. They want developers, in general, to use their tools and platform and develop the ecosystem.

NEO has a sister company OnChain that’s already a “made man” in terms of the financial services industry. It is also currently working with the Chinese and Japanese government along with large corporations including Alibaba.

NEO is considered more of a open-source public cloud model which will be separate from OnChain but can also interconnected in terms of the cross chain functionality as we will see more of with NeoX.

I think NEO has some serious work to do to catch Ethereum & EOS but as it seems to have backing from the Chinese Government then maybe it has some serious legs. Will be interesting to see how this gets used within the Asian markets and industries.

(Charts taken 1/1/18 from http://www.coinmarketcap.com)

  1. Smart Contract Platform
  2. Backed by the Chinese Government
  3. Validated Digital Identity
  4. Digital Asset Configuration
  5. Asian Market

http://www.neo.org

Neo looks good but not sure it can take over Ethereum or EOS. Only time will tell.


4- Cardano (ADA)

Cardano is home to the Ada cryptocurrency, founded by Charles Hoskinson who was part of Ethereum and many other projects. Cardano can be used to send and receive digital funds. This digital cash represents the future of money, making possible fast, direct transfers that are guaranteed to be secure through the use of cryptography.

Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks

Cardano has its own Block Explorer. This is a useful tool that can be used to check the history of transactions that have taken place on the Cardano blockchain.

All Ada transactions are publicly recorded on the blockchain and you can search to find details about any one of them. Information you will be able to see includes the amount of Ada sent, the public address of the sender, and the time and date of the transaction.

(Charts taken on 1/1/18 from http://www.coinmarketcap.com)

  1. Fast & Direct Transactions
  2. Secure
  3. Capable of High Financial Transactions
  4. Has it’s own Blockexplorer
  5. Very Strong /Credible Team

https://www.cardanohub.org/en/home/

Could potentially be a nice increase in price so one to watch for sure.


5- IOTA (MIOTA).

The main feature of this cryptocurrency is the tangle, a directed acyclic graph (DAG) for storing transactions. The tangle naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machine- to-machine micropayment system.

The Tangle Ledger, is a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Yes you read that right, zero fees on micro transactions.

A decentralised and self-regulating peer-to-peer network with true micro and even nano-transactions are enabled due to the unique IOTA Tangle architecture, providing developers with a brand new set of tools for their applications in both IoT and Web.

The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand. The Tangle ledger is so new though and not established as the Blockchain just yet.

So it will be interesting to follow the developments of this technology in 2018 if they get this right it could be a huge disruption to the disruption of Blockchain Technology.

As the Internet-of-Things keep expanding, the need for sharing of resources become a necessity. IOTA enables companies to explore business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.

The concept of IOTA is really interesting & the fact the designed their own Public Ledger Technology speaks volumes to the confidence they have in the project.

There is still not much evidence of how robust and effective it can be right now.

The developments of this technology is something I am keeping a very keen eye on for 2018.

(These charts were taken on 1/1/18 from http://www.coinmarketcap.com)

  1. Decentralised
  2. Developed New Ledger technology
  3. Tangle Network is unique
  4. Instant Transactions
  5. No Fees
  6. Business -2-Business Payments

https://iota.org/

I really like IOTA but unsure how the Tangle Network will develop. If done right could be the next disrupting technology. Only time will tell.


6- Vertcoin (VTC)

Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin.

Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations.

Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network. The developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware.

DECENTRALIZED MINING

Mining should be fair & easy! Vertcoin do not allow ASICs on their network. The development team is wholly committed to keeping it that way. VTC ensures the long term security and fair distribution of the currency by doing it this way.

ATOMIC CROSS-CHAIN

(Lightning Network Development)

A decentralized way of exchanging your Vertcoins with another. A layer to cross both blockchains (Example: Vertcoin & Litecoin or Bitcoin) – Where you can seamlessly exchange your Vertcoin for Litecoin or Bitcoin (Or the other way around) on your wallet. This is a feature of The Lightning Network.

I think Vertcoin has a true decentralised concept and gives power back to the people. I really like Vertcoin & will be watching this closely. I think VTC has huge growth potential for 2018 in my opinion. No guarantees on any further earnings.

(Charts were taken 1/1/18 from http://www.coinmarketcap.com)

  1. Decentralised
  2. Unique Mining
  3. Lightning Network Capability
  4. Coin Exchange
  5. Owned by the Users
  6. Fast Transactions

https://vertcoin.org/

With lightning Network capability, instant transactions, secure development team attached too. I truly believe this could be a great feature to carry this coin forward as a huge contender in 2018.


These are just some of the coins available & I can not write about all of them on one page. There are to far to many in the market place right now. I am sorry if I could not cover a coin/s you might like on this page, but please let me know your thoughts on some of the coins and I will be happy to try and cover them for you as well.

Here is a list of coins and their purposes hope if finds you well..

This is just my opinion on some of the coins I like and have seen good growth on myself. Please do your own research. We offer no financial advise what so ever.

Many thanks

The Crypto Pro’s

Let’s talk bitcoin Ethereum litecoin Monero & predictions for 2018

What a Mad world Cryptocurrency is and what a year it’s been!!

Have you ever seen anything like this & did you ever expect to be finishing the year end with such mayhem?

20,000% increases, corrections that make you cry, sweat, moments that nearly give you heart attacks & unbelievable moments that make you cry with joy and happiness.

The world has truly gone mad and people are losing sleep the minute they understand this crazy concept.. I am receiving so many calls hearing the same thing and I just love it, welcome to my world for the last few years hahha 😂.

Now can you see why I am so excited and have been shouting this from the roof tops for so long. I remember when I first got started in this industry and I was telling people how it will change the world, and everyone looked at me and thought I was mad😱🤡.

Now bitcoin, Ethereum & litecoin to name but a few have given us proof of concept and shown us that this actually works. Peer to peer banking, decentralised networks & technology that will change the way we use and transact money forever!!

This is just the start and such early days but it is just such a nice feeling seeing my friends, family and network really taking this concept seriously now because I know it will impact their lives in more ways than they can even imagine.

2018 is going to be the year the Cryptocurrency goes mainstream & we see mass global adoption. Usability will become much easier and technology is moving so fast that it is going to evolve in front of your very eyes at such a pace it will shock you.

The question is are you ready for the ride of your life in 2018?

Do you want to really learn how to profit from bitcoin and the alt-coins?

You need to do your own research & take your time first though which is very important do not get caught up in FOMO mode are your time and do what’s right for you!!

You can start here on my website – http://www.thecryptopros.com

Anything you would like to learn or know you are more than welcome to reach out and I will try to help you the best I can.

Let’s talk bitcoin,Ethereum,litecoin,monero and some strategies to help you profit and position yourself correctly for 2018.

P.s

Please subscribe to get all the updates and stay in touch with what is going on in the industry.

The Crypto Pro’s

JP Morgan Get caught money laundering

Jamie Dimon, head of JP Morgan is at it again after calling Bitcoin a fraud, the swine is up to to no good himself and JP Morgan get busted for Money Laundering!!

How can we trust the banks anymore?

JP Morgan one of the worlds biggest banks are caught Money Laundering!!

What does that tell you about them and just how corrupt they actually are??

Jamie Dimon has offered baseless condemnation on bitcoin for many years, calling it a bubble, a fraud, and a money laundering tool. This week, ironically, JPMorgan was cracked down for money laundering, after being fined $4 billion for mortgage fraud in September, merely two months ago.

The banking system is old, dated and time for an update is a must.

This is why we need Bitcoin, it is the perfect system. A decentralised protocol run on mathematical laws that can not be manipulated in anyway shape or form.

Dimon falsely accused bitcoin of being a money laundering tool earlier this year. Then, JPMorgan was fined $4 billion for committing mortgage fraud, and has been busted for money laundering.

If you have trust in the banks anymore in my opinion you are CRAZY!!

Today, ironically, leading Swiss daily news publication Handelszeitung reported that the Swiss subsidiary of JPMorgan was charged by the Swiss regulator, FINMA, for money laundering and “seriously violating supervision laws.”

FINMA ruled on June 30 that JPMorgan Switzerland had “seriously infringed” regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on Thursday.

The case involved a “violation of obligations of diligence on questions of money-laundering,” the court document said.

The court had been examining whether FINMA’s previously undisclosed decision on JPMorgan could be made public, in a case first reported by the Handelszeitung paper.

Both FINMA and JPMorgan declined to comment on FINMA’s ruling and it was unclear what action, if any, the regulator had taken against JPMorgan.

FINMA is not authorized to levy fines, but may confiscate unlawfully realized gains, impose professional limitations on bankers or require an organization to make changes to prevent similar breaches recurring. In severe cases, it may revoke an institution’s banking license.

The hypocrisy and the conceitful nature of major banks and financial service provider will only result in the demise of the finance industry in the long-term, as decentralized networks continue to render intermediaries obsolete.

Banks are running scared of bitcoin they fear what it will do & how it will hurt them. This is the biggest disruption we may ever see. The banking system has never had anything challenge them before and now Bitcoin will be the new monetary system to the world.

Villains like Dimon are abusing their power with public statements about bitcoin being a fraud, a bubble, saying it will never work, blah blah blah now we can see the real truth and just how corrupt they actually are.

What are your thoughts on JP MORGAN caught MONEY LAUNDERING?

What is the Bitcoin Segwit2x fork

There is a lot of confusion around the bitcoin hard forks that are occurring at present. Specifically with the Segwit2x,.So in this blog I want to explain it for you,so you can get a clear understanding of what it is and how it works.

SegWit is short for segregated witnesses and it is a proposal presented by the Bitcoin Core team.

In transactions there are three key elements. The sender, receiver and the signatures (commonly referred to as witnesses) and these make up a big part of the transaction size. Instead, Segwit updates the 1MB block size limit

Here is a great video that explains it for you https://www.facebook.com/cnbccrypto/videos/1528547000561874/

What this means in simple terms is that bitcoin transactions are recorded and stored in a block of data of 1Mb every ten mins. As bitcoin becomes more popular, more transactions are being logged & recorded. The more transactions are recorded the less we can store in the 1Mb size block and a backlog starts to form of transactions that need recording. Rather than every ten mins transactions are now being processed and verified every few hours.

The Bitcoin network developers want to up the size of the bitcoin to to 2Mb so they can process transactions across the board faster and in a much more efficient way.

Often called simply a “digital currency,” bitcoin is best viewed as a protocol (a set of code) that delivers data (in this case bitcoins) in defined quantities (called blocks) that are then stored in a sequence (called a blockchain) on a distributed set of global computers. Bitcoin is decentralized – in that many people help make the network function, and in choosing to run its software, users all agree to abide by the same rules to keep it operational.

Segwit2x; The plan calls for a very specific fork (or a change to bitcoin’s rules), one that would make certain rules valid that weren’t valid before. Specifically, Segwit2x would change the size of the blocks passed regularly around the network and stored in the blockchain from 1 MB to 2 MB.

Some users think this is a good idea, others don’t.

With bitcoin cash and bitcoin gold, for example, bitcoin users could have paid little to no attention and it wouldn’t have impacted their transactions. If you held bitcoin on certain exchanges (or your own wallet), you received new cryptocurrency.

This smooth outcome, however, isn’t guaranteed with Segwit2x. Complicating matters is that in many ways, Segwit2x sounds (and is) similar to other bitcoin forks.

Like other recent forks, Segwit2x is:

• An alternative software – A modification of the bitcoin software run by network participants and that enforces the protocol rules. In this case, Segwit2x’s code is called BTC1.

• An attempt to increase the block size – Most forks focus on one specific rule of the network (block size), despite other possible optimizations that could lead to capacity boosts.

• A hard fork – Anyone whose software is not upgraded to the new rules will no longer be a part of the network.

First and foremost, whereas bitcoin cash developers appeared content to create a new blockchain (with new rules), Segwit2x’s goal is to keep all bitcoin’s existing users on one blockchain.

In this way, Segwit2x could have different outcomes.

These include:

• Bitcoin’s rules change — Most (or all) miners upgrade their software. The bitcoin blockchain continues to function but features larger blocks. Segwit2x’s rules become the rules of bitcoin.

• Two bitcoins are created — Only some miners upgrade their software. This creates two blockchains – a so-called “legacy” bitcoin, and a “Segwit2x” bitcoin, both with different rules and unique cryptocurrencies.

• Bitcoin’s rules do not change — No significant miners run the new software, and the network continues to run the current rules.

But, what’s at the heart of the arguments for and against?

First, SegWit2x seeks to upgrade bitcoin in two ways:

Still, the specifics of the debate revolve around basic facts about current network design and performance.

These include:

Bitcoin is currently limited in the number of transactions it can process. Today, it can only process up to 1MB of transactions roughly every 10 minutes.As all users pay a fee to miners to make transactions, this limitation on space has increased average fee costs Increasing the block size makes network nodes more costly, as node operators must store the entire copy of the blockchain as computer files.

To begin, SegWit2x is not the first proposal for scaling bitcoin’s transaction capacity.

SegWit2x, though, differs in some key ways.

These include:

It was not put forward by, nor has it been endorsed by, Bitcoin Core, the network’s main open-source developer team. It doesn’t introduce new ideas so much as combine those previously proposed by various developers in a new way.

The reason is that those who support the change, and those who do not, both appear to have support from different parts of the community. In short, while Segwit2x claims to have a super-majority of miners and exchanges, it can’t be said that 100% of network users support just one side.

Segwit2x draws the most support from:

• Miners – The network users who run hardware necessary to secure the blockchain and profit from bitcoin’s block rewards.

• Startups – The businesses that profit by providing a service to bitcoin users, allowing them to spend, store or purchase cryptocurrencies.

They argue:

• Bitcoin should be digital money — It should compete with the U.S. dollar or other fiat currencies, and thus, a priority should be put on its use as a means of exchange.

• Competitors are gaining because of bitcoin’s inaction — They believe protocols other than bitcoin have continued to gain traction because they’re useful for payments; those protocols are currently capturing value that otherwise would have been bitcoin’s.

• Existing upgrades aren’t enough — They say the addition of code to the blockchain in August hasn’t brought about the capacity increases promised.

When will all this occur?

But while there remain many ifs, one thing we do know is the fork will occur on or around November 16.

However, an exact date can’t be pinned down. This is because the change will be enacted at a specific block (number 494,784), at which time miners will be able to run the new software.

And a split is what many bitcoin users are most concerned about, leading them to worry about the SegWit2x proposal in general. In light of these anxieties, one of two things could happen to user’s bitcoin directly:

With enough support, bitcoin upgraded to SegWit2x will work normally, and users will not likely experience any service disruptions.Without support, a bitcoin split puts users at risk of losing their bitcoin. Cryptocurrency experts propose not making bitcoin transactions during the uncertain time period around August 1.

The most evident benefit to SegWit is a capacity increased that is introduced in the form of a different transaction format. However, there are also other benefits to SegWit, which are outlined here. This includes increased security for multi signature transactions, linear scaling of sighash operations, script versioning and more.

Conclusion

Segwit2x could;

  1. Speed up the processing time
  2. Increase block size
  3. More transactions
  4. Could enhance bitcoin
  5. Could be a non event

What are your thoughts on the Segwit2x hard fork?

Does this help you understand the hard fork?

Leave your thoughts in the comments below.

Many thanks

The Crypto Pro’s

What is Mining & How Does it Work part 1

The topic that is hot on people’s lips in and around Cryptocurrency right now is MINING.

There is a lot of confusion on what is it, how does it work & is it profitable?

There are 2 different types of mining;

1- Bitcoin Mining (which is run on an ASIC S9 Machine http://whatis.techtarget.com/definition/ASIC-application-specific-integrated-circuit )

2 -GPU Mining (http://searchvirtualdesktop.techtarget.com/definition/GPU-graphics-processing-unit. -Most alt coins like Ethereum, Dash,Monero, Zcash and many more Cryptocurrency coins can be mined on this machine, which I will cover in part two.)

I will go through bitcoin mining for you in this blog so read to the end to get the full understanding of this concept.

Mining = The Creation of coins & the Verification of Transactions.

Let me explain from the begging..

In late 2008 after the great economic crash diminished the banking system, an anonymous called Satoshi Nakamoto released a white paper, saying he found a way to encrypt digital money with the highest possible cryptography available.

Bitcoin was born & this new encrypted money allows us to now conduct and transact money instantly, anywhere in the world just like sending an email.

This i designed through a secured Decentralised network and not a centralised body like the banking system, western union for example.

We can now eliminate the middle man entirely!!

This new technology and Cryptocurrency solves the double spend problem that cryptographers have never been able to solve until now.

Here is an example of how this works:

If I were to send you a picture, an email, a PDF you are actually receiving a copy not the original.

If I were to send you Money across a digital network, you need to know that I have not sent that copy to 100 other people and that you have the original copy: I.e the Money or anything we can send of a value digitally.

Transparency

The main key to this concept you need to understand is that the Money is safe and secure, upon sending and receiving the money & the store of value assets.

Cryptocurrency is verified across a whole network of data centres called the Miners that record & process the data & transactions every ten minutes.

This new digital economy is born.

We can now conduct transactions outside of the Banking institutions, Government issued currencies and third party authorities.

You can now become your own bank that operates 24 hrs a day, everyday with much more efficiency, security & trust that we have never seen before. Peer to Peer banking and one of the greatest disruptions we may ever see in our lifetime.

The birth of Bitcoin is a day in history that will be monumental for generations to come.

The Bitcoin journey began in January 2009 Releasing the Technology Genie once again out of its bottle upon the world.

Experts are saying this will be a bigger invention than the internet.

How do we have trust that by not using the banking system to record transactions (which is a simple a plus or a minus into the ledger or record books) that the sender has sent the money and the receiver has received the Money?

How on earth do we keep records of what has occurred?

Satoshi Nakamoto released the software in January 2009 with an underline technology called the Blockchain, which is a public ledger run on a Distributed Network or a DLT – Distributed Ledger Technology –

This is designed to give 100% !transparency, safety, security which is now run across millions of computers that achieve a consensus every 10 minutes by recording and verifying transactions. More about this In a minute.

The Blockchain is the serious part of this and one of the most important cogs in the wheel of this system. So it is essential you understand how this works as it is so important to our economic future.

The Blockchain is a public ledger that will record and verify every transaction. Just like a Banking ledger that records plus and minuses in a ledger book that records in the same way. Then when a recorded digital transfer of ownership that is input into the network. So any computer or miner in the network have a verified document of the digital transfer that took place. The data or transactions will be verified accordingly and we know who has what through the transfer of ownership.

Then each Miner in the network will have a copy of that verified time-stamped transactions. Each Block contains a piece of the last block’s data attached forming a chain of the transactions or the data that was entered.

The Miners are in a big game and race & who ever verifies the most transactions in a ten minute period are then rewarded for their work .Upon each block that they win, the miner will receive 12.5 coins at today’s value plus the transaction fees that are recorded in that block.

The way the Bitcoin algorithm was deigned by mathematical laws will take until the year 2140 to complete & mine all 21 million bitcoins available. So we have some time,but the most profitable stage is right now!!

BITCOIN MINING

When bitcoin was first released back in 2009 the block reward for miners was 50 coins, then four years later it halved to 25 then it halved again and is now 12.5, & In 2020 it will be halved again to 6.25 coins per block reward for the miners.

The interesting part is that the miners get also rewarded the transaction fees that are recorded in the 10 min block of data and verified by the Blockchain.

You can see all bitcoin transactions on the Bitcoin Blockchain here.

http://www.blockchain.info

When I first started my journey into Bitcoin there were only a a couple of hundred transactions every 24 hrs. Now we are recording over 300,000 every 24hrs.

This picture was taken just a few weeks after the first one so you can see the magnitude of what has happened the bitcoin market with Billions in Market cap being added and hundred thousand transactions more on average every 24hrs.

The Miners are the ones who are getting rewarded from these transactions!!

Can you imagine when there are 1 million,- 10 million transactions every 24 hrs?

Bitcoin is only designed to only ever have 21 Million coins available. It can never have any more, unlike a Government issued currency where they can print as much as they like which actually devalues your wealth every time they do this.

Cryptocurrency offers a much more secure financial model that can increase in value, because of supply and demand rules.

When you have a finite product and such high demand can only push the value up. It’s just 101 economics.

Bitcoin price started at just 0.01 cents and at today’s value has now climbed to around the $ 15000 dollars mark and is only just getting started.

When every single miner has a copy of that data that was recorded in the Block, you know 100% that the transfer has been recorded and the receiver will have their money, contract, loan, school results, and votes what ever it may be.

The internet was about information, this is about value.

You cannot lie, cheat or manipulate the Blockchain in anyway. Once the transaction has been verified it is irreversible.The Miners job is to secure the network and verify the transactions.

SECURITY

If you tried to attack the Blockchain you would have to attack every single miner in the network at the same time within a ten-minute window. This is physically impossible!!

The effect of creating a chain of blocks from the very first Genesis Block to the current block is simply huge. Each block is guaranteed to come after the previous block chronologically because the previous block’s data would otherwise not be known.

This means we cannot double spend money as the Blockchain would recognise the serial number on the coin and see that the coin has already been used and would reject that transaction.

It is also possible to use the Blockchain algorithm for non-financial purposes. The Blockchain is broadcast to all of the Miners on the network that anything recorded there can be kept for safekeeping on the public ledger. This is now the safest and most secure way you could ever transact money, legal documents, loans, personal ID and much much more.

OPPORTUNITY

There are many Miners around the world and competition is now very tough. It’s a big game and a race to who has the most power to try and win as many blocks in a 24 hr period as you can.

There are only 1800 new coins at today’s value that can be released every 24 hrs. With competition like this makes it harder to mine coins, but it’s the transaction fees that will just continue to grow, the more bitcoin is used and accepted across the world.

Whom ever has the most power wins!!

Here is a recent chart that shows the top Miners in the world running on PETA Hash with is Trillions of hashes per second computing transactions.

Here is a chart that shows what the power means so you can get a visual of how much this actually is because some Miners out there are mining on much smaller power like Mega & Giga Hash per second. So you can see the difference here and magnitude of the Miners who are on this chart above.

Hash rate denominations

• 1 kH/s is 1,000 (one thousand) hashes per second

• 1 MH/s is 1,000,000 (one million) hashes per second.

• 1 GH/s is 1,000,000,000 (one billion) hashes per second.

• 1 TH/s is 1,000,000,000,000 (one trillion) hashes per second.

• 1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second.

• 1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second

In 2009 you could mine bitcoin just on your PC but now you need a warehouse the size of a football field Full of millions of dollars worth of equipment to be profitable. The warehouses I am talking about have electricity costs of millions per month to run the data centres. It’s a very big project.

There are only a handful of Miners out there that really are mining & producing coins on a big scale and actually show their results on the Blockchain. For me if a company say they are mining and can not show you any block trail & the evidence of what they have produced & mined, please stay well away. Mining is 100% transparent there is nothing to hide. If it’s not shown on the Blockchain it’s not mining in my opinion.

There are many companies that offer cloud mining & you are just purchase some hash power, which for me is just rubbish as they can not document or prove what they are mining. They can easily be ripping you off. As they can not prove anything.

Please be careful.

If you are partnered with the right mining facility you can be very profitable.

Please do not worry nothing technical is needed here either.

Mining is one of the hottest topics out in the Cryptocurrency space right now and you can get paid in bitcoin every 24hrs?

You can also mine Ethereum, Monero, Zcash just for an example it is up to you what you want to choose to do.

Please take this seriously though as you are putting up the capital for the hardware & the energy needed to help produce the coins and you can actually produce your bitcoin at a much deeper discount than if you was to purchase it on one of the many exchanges available.

I have partnered with one of the most established, credible mining facilities that have proved them self over the last 3 years. The platform have now mined well over $900Million Dollars worth of bitcoin in the last 2 years alone. The company is about to add another $200Million Dollars worth of new equipment in the next month or so and will put them in the top 3 mining pools with the most power in the world. I truly believe they will be the Number 1 mining facility within the next year due to the professional outtake they have and the 100% transparency they offer as well.

Demand is high & If you you would like to know more about this then please get in touch and I can guide you in the right direction.

CONCLUSION

Mining can offer you one of the greatest opportunities within Cryptocurrency today.

The safest and most secure way to partake within the industry is mining

Mining is the creation of the coins and securing the Network by verifying the transactions that are recorded every ten minutes.

Remember nothing technicall is needed here the mining company I am partnered with will do all of that for you.

You will be putting up the capital for the equipment and hardware needed to produce more bitcoins or other coins available, which we have one of the best companies in the world to do this all for you.

The movements can be volatile in the markets and you never know what the price will be or do. So mining allows you to hedge against the price and you get your coins at a deep discount for putting up the capital for the equipment & energy needed to produce and partake in the mining process.

So no matter what happens in the market place you are always safe and your coins are making coins every 24hrs. The price can fall dramatically and it does not effect the Miners. If the price does drop that means we can mine more coins.

It’s Win Win being a miner so start your journey today and be part of the hottest opportunity in the world right now!!

Many thanks

The Crypto Pro’s

P.S

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Mining

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What is Ripple and how does it work

The banking industry is old, dated,and in desperate need for an uplift. It has been many generations since last happened until now, welcome to Ripple.

Probably one of the most innovative Cryptocurrencies in the industry today. They are not just focused on disrupting the banks but actually the only platform that see a gap in the market to help the banks and to offer real time cross border payments within the banking infrastructure.

Banking transactions are usually proceed in four days, now Ripple can execute banking transactions in 5-10 seconds.

Ripple is about to disrupt the banking & payment systems!

XRP is the one that is really turning the heads of market watchers and financial institutions.

Yet, like all digital assets, XRP is often a source of confusion, mystery and speculation. So, let’s clear the picture with a few things you need to know about Ripple – XRP.

  1. XRP is the only digital asset specifically designed for financial institutions and payment providers
  2. It acts as a bridge between fiat currencies
  3. XRP enables faster, cheaper and more reliable cross-border payments
  4. It is part of an overall network solution for faster cross-border payments
  5. XRP operates at a scale and speed far greater than Bitcoin
  6. It is secure
  7. XRP is more sustainable than mined digital assets, like Bitcoin

https://youtu.be/bU79HunxJp8

Huffington Post Talked with Stefan Thomas, Chief Technology Officer at Ripple to get a more in depth view about the Cryptocurrency Ripple XRP.

•Ripple isn’t creating any other cryptocurrencies or proprietary coins for banks. XRP is it. That means that Ripple success directly equals XRP success.

•XRP will soon be more decentralized than even Bitcoin. Thomas recently wrote a blog post explaining how.

•Not only is there a finite amount of XRP — just as with Bitcoin — XRP is actually a deflationary cryptocurrency, which means that a tiny amount of XRP is permanently shredded after each transaction. It’s the opposite of unlimited supply. As time goes on, the supply of Bitcoin remains the same while the supply of XRP will actually shrink, making it even more valuable with each passing day.

•What about the fact Ripple owns about 60 billion of the 100 billion available XRP tokens? Ripple just announced they are putting 88% of those tokens they own into escrow smart contracts for a period of at least four-and-a-half years. The structure of it means no one has to worry about Ripple flooding the market by selling their own XRP holdings. The fact that they are putting them into smart contracts means they can’t renege on that later even if they wanted to.

The biggest news here is that Ripple is “all in” on XRP. Previously it was believed they would sideline XRP and pursue other coins with banks. Thomas says that’s not the case.

Will XRP volatility scare off banks from using it?

It’s a great question, but here’s why it doesn’t make a difference. If a Bank A buys one million XRP and it takes ten seconds to transfer to Bank B, and during those ten seconds the price of XRP goes down by just one tenth of a penny, that’s $1,000 USD that evaporated during the transfer.

The time that banks are exposed to XRP during a transaction can be quite short. It can be on the order of five to 10 seconds. So the amount of volatility during such a short time period, even for a very volatile asset, is actually not that bad,” explains Thomas. “You can also rely on third-party liquidity providers to take on that risk. And those kinds of companies are actually very interested in taking on these kinds of risk to make a profit and they’re very comfortable with that risk.” This doesn’t work with Bitcoin because with Bitcoin you might be exposed to volatility over an hour, which is very different than volatility over ten seconds with XRP.

Ripple is leaps and bounds more developed than other coins

“It took us many years to come to a compelling, real use case for XRP.” Thomas explained there’s a lot of coins out there today with very vague use cases that people are buying up all over the place. It’s clear that XRP is leaps and bounds ahead of almost all of them in direction, vision, and implementation. Nearly all coins up to this point are conceptual, where XRP already has real-world traction.

Ripple (XRP) vs. Bitcoin (BTC)

Ripple is an enterprise solution cryptocurrency. “XRP was designed for banks from day one,” says Thomas. He explains that Bitcoin isn’t really suitable for enterprise use and that Bitcoin was designed to exist despite government, rather than in harmony with government. And that harmony is another reason why Ripple could succeed in a big way.

XRP can also process much greater volume. Bitcoin can process up to seven transactions per second at the current limit, while XRP today can process over 1,000 transactions per second. That’s a huge difference in scalability as volume of transactions increase and more people start moving their money using digital currency.

,

XRP takes an average of 3.7 seconds to transact, while Bitcoin averages two hours. That’s on par with the maximum throughput delivered by Visa, the world’s highest volume payment processor.

Consider this if you think XRP has an over inflated market cap: the global foreign exchange market does $5.7 trillion per day in fiat transactions. The size of XRP today, despite its tremendous growth, amounts to a “rounding error” in the scope of its market potential. XRP’s current growth is big, but it’s not even a 100th of what it can become.

Ripple is moving fast and becoming more credible each day, so much so that even the Federal Reserve are backing them and are telling banks to use Ripple XRP because of their fast and innovative technology.

Ripple are also hosting a three day event in Canada in mid October called Swell, which bring Ripple together with its foremost thinkers and leaders in the banking and blockchain industry. These partners are committed to changing the way the world moves money today.

Swell is attracting a roster of payments experts and industry luminaries to discuss trends, success stories of blockchain implementations and real-world blockchain use cases to meet changing customer demands for global payments.

Ripple have invited the ex head of the Federal Reserve DR Ben Bernanke & the inventor of the World Wide Web Sir Tim Berners – Lee and best selling author of the book Blockchain Revolution Don Tapscott speak over the 3 day event in Toronto.

The seriousness of this event has had a huge build up and to have these kind of speakers confirmed tells me there is some big news coming with Ripple XRP .

Now might be a very good time for you to start researching this platform yourself in much more detail because I truly believe this will be one of the biggest players in the market place.

– Real time bank cross border settlements

– Scalability beyond any other Cryptocurrency for payments

– Instant transactions

– Any currency to any currency

– Over 90 banks signed contracts to use Ripple XRP already

– Faster transactions than any other Cryptocurrency 1000+ transactions a second

– Offers liquidity for banks

– Currency supply will get smaller so value will increase higher

You can also learn more about Ripple here in another blog I put together a couple of months ago –

What is Ripple & will it be the next big Cryptocurrency?

https://thecryptoproezine.com/2017/08/24/what-is-ripple-and-is-it-the-next-big-cryptocurrency/

Please do your own research, we offer no investment advise, nor am I affiliated to Ripple in any way.

What’s your thoughts on Ripple XRP?

Please leave our comments below?

Many Thanks

The Crypto Pro’s