Sunday, October 15, 2017

Bit the heat with btcheat

Bitcoin had proven again that it is continously increasing in value with the recent dollar value of $ 5800, so there are still a lot of time and space for those who are just starting or still looking for the source of their bitcoins , here's one link try this its easy to earn FREE bitcoins http://btcheat.com/?i=61229for ads







The results of the spin is fast and much greater than my other sites for ads . With the image you can see that i already had 0.00204526 satoshis in only a day and a few minutes playing.

You could still play , because in every hours your given 10 points equivalent to play again 3 times and win satoshis.

You can also refer 5 persons and get equivalent number of plays . Its the first time i had encountered this system. 
 
Try it now and add this to your btc collection . The heat is here http://btcheat.com/?i=61229



Friday, October 13, 2017

Withdrawal to my btc wallet this day just the right time

The bitcoin value vs the dollar had reached  $5,800 for every 1 bitcoin. I am glad to reached my withdrawal from adbtc.com to my bitcoin wallet. The withdrawal cap to be withdrawn from https://adbtc.top/r/l/197471 is about 15,000 satoshis.  With my total satoshis with adbtc is 15198 would be equivalent to $.881484 which will be my third btc withdrawal to my wallet. 

Let us watch what cointelegraph had to say ; 





Bitcoin has posted further all-time highs of almost $5800 after climbing $1000 in 24 hours.
Beginning Thursday, a price surge gained momentum to take the Bitcoin BTC chain over $5000 for the second time in history.
Chart
When resistance came at $5200, prices remained above the significant boundary before continuing to new heights never before seen. BTC posted a new high of $5798 in the early hours of Friday.
At the same time, forks of Bitcoin, namely Bitcoin Cash (BCH) and SegWit2x futures, either failed to appreciate or dropped in value.
BCH, which debuted for Blockchain.info users Thursday, is worth only around 35 percent of what it was in August.
SegWit2x hedging, which is confined to Bitfinex, also disappointed users without downward trending, leading to an atmosphere of smugness among BTC proponents on social media.
The question on investors’ lips today, however, is naturally one of how long the BTC rally will last, and to what extent it will reverse.


View image on TwitterView image on Twitter

 Rally has been nuts. However, TA shows a hangover coming. Maybe it's about time to start accumulating cheap alts for the boom. 
Major rallies have traditionally been accompanied by downward corrections, albeit with each new high sparking a less severe correction than the previous one.

Suspicions are also rife that investors are stocking up on BTC prior to November’s two hard forks, in order to maximize free coins on every chain.

Well probably its an investors game again in raising the value of  bitcoin vs dollar. We Will see what will happen come November. 







Wednesday, October 4, 2017

ICO's ( Initial Coin Offerings ) is it a Shit?






For me i do agree with Andreas Antonopolous , the Bitcoin Boy about ICO's . It  is a program just for initiators to earn money.  That is why Andreas call it a shit?  It  will not return back investments contributed to an ICO's . For me its only one form of ponzi. 

With the popularity of the bitcoin a lot of schemes are online to lure a lot of interested parties, investors and enterpreneurs to be involve with bitcoin. 

ICO's was a scheme to get those people in the involvement with "Alt coins"

Imagine without a capital , you can raise a lot of money or bitcoins with ICO's because the offers are high , daily profits and a big return for investment but who would determine that your sure of your investment. 

I remember other schemes like doubling your bitcoin in a few hours or days. I tried one of this site , i sent a few bitcoins then waited but no bitcoins were re- sent to me. Tried to message the site but no one answers.  Rather then be involve with this schemes or ICO's , i would be involve with bitcoin mining, faucets and sure site investments. 

Try my page for the sources of bitcoins ;

http://generatebitcoinmakemoney.blogspot.ca/p/earn-bitcoins-easy-way.html


Monday, September 25, 2017

Effects of China banning bitcoin

The number one effect of  ICO's being ban on China was the lowering down of the value of  bitcoin . Remember that the value of bitcoin a few weeks ago is going up until it was reaching the $5000 / per bitcoin. But it had not reached the $5000 mark and it lowers down now which is about $4000/ bitcoin. 


Because of this development  Eobot.com wrote to each member that bitcoin mining will probably be affected since a lot of miners are from China. 



Image result for banning of bitcoin in china



Here's  the message ;                 

Hello miner Rodolfo.

As you may have heard in the news over the last few weeks, China has implemented bans on ICOs (initial coin offerings) and now Bitcoin and other cryptocurrency trading. It is unclear if they are going to ban Bitcoin mining.

Eobot currently runs the majority of our Bitcoin mining in China. Depending on if, and how, they ban Bitcoin Mining (for example, they may let us ship the hardware out of the country to continue mining), Eobot may be forced to terminate Cloud Mining/GHS contracts early.

We hope this doesn't happen, but we are announcing this to our usbelieers to be fully transparent and allow the option to trade and sell their GHS early and before a China ban becomes a reality.

Until next time...happy mining,
-The Eobot Team
Terms and Conditions | Privacy Policy | Compliance

2013-2017 Eobot Inc.


I do believe that if the banning will continue it will affect the mining of bitcoin as well as the value. 

Since i am involve in cloud mining , i will probably sell my GHS which was supposed to be a contract up to 5 years. 

While waiting for the GHS to be sold ,  it would probably good to mined all the bitcoins in eobot.com

visit my site for other sources of bitcoin and altcoins ;

Saturday, September 16, 2017

Why Bitcoin goes up then down ?

A lot of people involve in bitcoin were expecting that the value in dollars would reach about $5000. While its almost had reached the $5000 , then it dropped to almost $3000 but now its regaining again. Investors were worried but those big ones didnt  caused they might be the one who cause the downward trend and now its picking up. 

I remember to watch this video about the rise and fall of bitcoin and had me no worries ;




Coinbase Co-founder Fred Ehrsam break silence On Bitcoin, Ethereum and Litecoin future on platform!!



But the rise and fall would be a normal thing until the bitcoin reaches its final height and settles but other sectors sees a different  reason why the bitcoin price suddenly dropped; 


Reasons ; 

-The comment of Jamie Dimon that bitcoin is a fraud but had a big investment in ethereum,
-Chinas move to regulate bitcoin 



There's no doubt that all governments as well as big banks and big investors will do everything to put down bitcoin but they are being side stepped as "bitcoin cointinues" to be on the mainstream


After almost seven years bitcoin and blockchain are now being recognized  start now with being involve with bitcoin and blockchain  

Saturday, September 9, 2017

Catching up with digital currency developments

The latest article that i posted regarding the explanation of  Andreas Antonopolous regarding the split, the segwit ,  about the fork and what  is expected with this development had given me the assurance of the continues struggle of bitcoin in the digital currency world.  Meaning since this is a new technology and with the present debate , its only a consensus within the users that will determine who is right in the new changes.  With this assurance we can continue with our goal to have the most number of bitcoins and other cryptos that we can to reach the highest as far as we can get.  ( Bear with me on getting bitcoins and other bits here on my page " Earn bits the easy way"





We will also continue with educating ourselves regarding the different issues about bitcoin , the blockchain and the other related matters to the digital eco systems.   Developments and new creations within the digital currency world is very fast and with the original bitcoin it had already reached an amount of  $4,600 /bitcoin  and the bitcoin cash with $700 / bcc . Other alt coins is also fastly having their good time.  So we also have to be fast in order to catch up we had started late but we can still learn the trade. 

We are and we will be concentrating with many alt coins but what do we know about this different alt coins ? 


Let's use this explanations from qoin pro which is a micro-wallet that gives out satoshis or bits for alt- coins for FREE. For beginners who are just starting with bitcoins and alt coins you will receive satoshis for FREE.  

What are Crypto Currencies?


The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

 

A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

Peer-to-peer

Peer-to-peer refers to each node on the network being able to connect to any other node and act as both a server and a client sharing updates to the blockchain (public ledger) without the need for a central server.

Decentralized

Decentralized refers to the peer-to-peer architecture of the network. Because each node can act as both a server and a client, there is no need for a central server or centralized authority, thus effectively solving the double spending problem.

Digital currency

Digital currency, among its various names, is electronic money that acts as alternative currency in the digital realm (though offline adoption is increasing as well). Currently, alternative digital currencies are not produced by government-endorsed central banks nor necessarily backed by national currency.

Principles of cryptography

Cryptography relies on public and private keys for security. With cryptocurrencies every transaction has to be signed by a private key for security. Due to the strong security and well understood principles of cryptography, counterfeiting digital currencies is virtually impossible.


What are Alt-coins?


Currently there are dozens, possibly hundreds of altcoins
Altcoins are real cryptocurrency alternatives to Bitcoin. Many of them differ in some way or form from the Bitcoin and are interesting in their own right however some of them are plain copies. Listed on this page are their basic characteristics.

 List of SHA256 based Alt-coins

There are many SHA256 based altcoins. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected through  QoinPro.
AbbreviationNameAlgorithmTotal CoinsRetargetReward
NMCNamecoinSHA25621,000,0002,01650 NMC / Block
PPCPeercoinSHA256No Limit1103.10 PPC / Block
DVCDevcoinSHA256No Limit2,0165000 DVC / Block
TRCTerracoinSHA25642.000.000540 Blocks20 TRC / Block

 List of Scrypt based Alt-coins

There are many Scrypt based altcoins. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected through  QoinPro.
AbbreviationNameAlgorithmTotal CoinsRetargetReward
LTCLitecoinScrypt82,000,0002,01650 LTC / Block
DOGEDogecoinScrypt100,000,000,000240250,000 DOGE / Block
WDCWorldcoinScrypt265,420,80012050.79 WDC / Block
FTCFeathercoinScrypt336,000,000504200 FTC / Block

 List of Hybrid/Other Alt-coins

There are many altcoins not based on SHA256 or Scrypt. The following list is not exhaustive and only serves to give an impression about other coins available. Some of these coins can also be collected through QoinPro.
AbbreviationNameAlgorithmTotal CoinsRetargetReward
XPMPrimecoinOther
QRKQuarkcoinOther202 QRK / Block
NXT




The alt coins above are from qoin pro , there are still more  alt coins  
NextcoinOther









 

Wednesday, September 6, 2017

The "bitcoin boy" is siding with what should be

The split within bitcoin , original bitcoin and the bitcoin cash had produced some indecisions on what do you expect to happen with bitcoin , given that there was already a split . 

Where do you concentrate between the two. So for me to understand what is happening a more thorough understanding on why the split had happened would lead us more to the technical know how about this new technology. Andreas Antonopolous the bitcoin boy is highly reliable about this matter. Watch his explanation about the scaling , segwit and concensus. He is not siding with any of the two, he is for where bitcoin should be and predicts what would happen again. 




This video was posted on you tube before the split and Andreas already know what will happen. Important points on Andreas explanations ; 

1. Bitcoin has the ability to "fork" meaning to split, partition in two because if you have ten thousand computers in the world
and there is a disagreement. you have to split temporary and come back again to agree. Bitcon does this, this happens within bitcoin and nobody notice this. 

2. There is a different kind of  fork , when rules change or part of the network change the rules . How big is the block today there is a rule that the block should be 1 meg , thats it every 10 minutes 1 meg, 6 blocks an hour, 144 megs a day and thats it.  Tthe capacity of the transaction and that causes the fees and the capacity  issues.  That some people wants to change the rules , how about 2 meg,  4 meg or 8 meg or what ever. 

3. But in order to that , there is a need to convince everyone or there they end up splitting the network so they will do there own bitcoin . which has different set of rules and different from the original bitcoin which has its set of rules. There is such a thing called "consensus fork" 

4. There is an ongoing scaling  debate for the last two years , which was "how to make bitcoin" to  support of more transactions? The difficulty is giving more power to some participants than  others , that is why giving it free and more open . decentralized,  while doing more transactions is the "hard question"  So we have to make it free , open but a lot of people dont want that kind of answers. So they are not willing to do that, so that was the debate ?

5. There are three on going proposals , one segregated witness which means to restructure transactions in such a way to have two parts of the transaction one who has to contain the signatures and the other one contains everything else , this will necessary increase the space by about 1.7 meg , almost twice the space in the transactions. 

The alternative proposal was just to increase the block size by  2 meg and the the third proposal was to do both 
transactions was to do both which was called segwit 2x . the first was to do segwit , then 3 months after increase the size of the block by about 2 megabytes .  Those are competing proposals and the latest competition works that everybody gets the software to choose in one specific software for the proposals  Then depending on the number of people running the different set of rules at the end of the day there might be some problems. 

At this plays out , we will be having a failing eventful  85% of the people will change the rules on July and August will have segwit activated then transactions will contunue . There is a small possibility that there would be a small chain 10, 15 who will disagree and they will have a separate bitcoin . And if that happens , remember this if you have a wallet that controls your bitcoin , meaning you control your keys not the money in an exchange which you dont have control on your own keys or wallet.  

After the fork , you should be controlling your bitcoin on both sides . Now you have bitcoin Alpha and bitcoin Beta and then you could keep to both or sell one or buy the other or whatever you want.  Or you do nothing , just watch the development in a matter of days . The important thing is that you must control your own bitcoins. 


If you have put your bitcoins on exchanges then you dont control your bitcoins . Bitcoin is about individual participation on controlling the system not trusting somebody elses your money . So when you trust your money to someone else this is banking, where the possibility of these people running the bank runs with your money. They have the tendency to do that .  Bitcoin is not like that you hold your own money and if you give your money thru an exchange you give them the chance to hold your money then there is a chance they will run away with your money. 

In finality Andreas says that this disagreement about bitcoin continues because this is a new system where there is no one controlling the system, its a free and open system where the consensus rules. Rules on bitcoin was there is always forking but then there will be agreements because there is a consensus rule, so there could be disagreements but there will be a time for agreements. 

This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-fu... RELATED: Scaling is a moving target - https://youtu.be/pT9kJq_Ogrk Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM Fee markets, SegWit, and scaling - https://youtu.be/zxt-FLzZPhg What happens to our bitcoins during a hard fork? - https://youtu.be/sNR76fWd7-0 Rules vs. Rulers - https://youtu.be/9EEluhC9SxE Does Lightning need SegWit? - https://youtu.be/qQuNv_qx1xs The revolution in trust - https://youtu.be/iWfpxB3HZOY Altcoins and the scaling debate - https://youtu.be/slbpdW-H3yk Governance trade-offs in decentralised systems - https://youtu.be/dtwaW79Fj7c Ethereum: Lessons from the hard fork - https://youtu.be/hnAWAVNnGCw Is Bitcoin a democracy? - https://youtu.be/TC3Hq76UT5g Bitmain and the ASICBoost allegations - https://youtu.be/t6jJDD2Aj8k Unlimited vs. Cypherpunks - https://youtu.be/5adgo4-32HU Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon... MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi... [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitc...