Ripple Mining (aka XRP mining)

As a cryptocurrency information resource, we get a lot of questions. We make every effort to provide helpful answers in plain English and, of course, user questions give us a lot of information too. They let us know what newcomers to the space find important, difficult, or confusing. One question which has been coming up a lot lately is… How Do I Mine Ripple (also known as XRP)? Well, to answer it simply, you can’t. In fact, many of the coins we’re used to seeing in the coin price rankings aren’t mineable. Compare these two lists from CoinMarketCap, showing all coins vs. mineable coins: The reason Ripple can’t be mined is that it’s not a true cryptocurrency, according to our definition of the term, various experts, and our reader poll: Ripple is instead a centralized crypto asset, which is exclusively issued by the Ripple company and controlled by that company and several financial industry partners. Indeed, Ripple describes XRP as a “digital asset for payments”: Why Can’t Ripple be Mined? Mining is only useful in the case of decentralized cryptocurrencies, like Bitcoin. By remaining open to anyone with the necessary skills and resources to mine, Bitcoin theoretically prevents any single …

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PR: StreamDesk Starts the 2 Phase of ICO And Offers to Test Beta-Version

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Cryptocurrency trading completely free of intermediaries will be very soon available with the advent of StreamDesk Service. A beta-version of the decentralized platform based on the smart-contract architecture will be launched on June 25 along with the phase #2 of its ICO campaign, the project’s team reveals. According to the announcement, early birds will be able to use the service free of commission. StreamDesk is a decentralized platform for the exchange of cryptocurrencies for fiat money, based on the smart-contract architecture and the API of payment systems. It allows users to trade without intermediaries, guarantees fair deals and security. Developers are going to supplement a basket with a number of altcoins. The negotiations about their addition are close to completion, the team reveals. “We are currently working at connecting major payment systems for easy of use. Negotiations are underway”, Vladislav Kuznetsov, Streamity CEO and Founder, says. First time, no commissions will be implemented within the …

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The Bitcoin Game #55: Cryptograffiti

Published on June 16th, 2018 by Rob Click to download audio version Welcome to episode 55 of The Bitcoin Game, I’m Rob Mitchell. In today’s episode, I’m happy to present an interview with one of the most well-known fine artists in the cryptocurrency space, Cryptograffiti. I’m a huge fan of his work, and was happy to get to learn a bit more about him. Check out his art in the links below. SHOW LINKS Cryptograffiti’s Sitehttps://cryptograffiti.com Twitter @Cryptograffitihttps://twitter.com/cryptograffiti Instagram @Cryptograffitihttps://www.instagram.com/cryptograffiti Nakamotohttps://cryptograffiti.com/collections/fine-art/products/nakamoto-2014 Wired: The Rise And Fall of Bitcoinhttps://www.wired.com/2011/11/mf_bitcoin Casascius Coinshttps://www.casascius.com Silk Roadhttps://cryptograffiti.com/collections/fine-art/products/silk-road Art Show – Proof of Arthttps://twitter.com/cryptograffiti/status/1000060654990999553 Cryptograffiti’s work featured in the Wall Street Journalhttps://blogs.wsj.com/moneybeat/2014/12/11/microsoft-to-allow-bitcoin-payments-for-games-apps-other-content Cryptograffiti T-shirtshttps://cryptograffiti.com/collections/mens-shirts STAY IN TOUCH Thanks so much for taking the time to listen to The Bitcoin Game! https://Twitter.com/TheBTCGamehttp://TheBitcoinGame.com[email protected] SPONSOR While much of a Bitcoiner’s time is spent in the world of digital assets, sometimes it’s nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two (at Starbucks), you can own the world famous Bitcoin Keychain, the growingly popular Litecoin Keychain, or even your own Bitcoin Fork – Pen. As Seen OnThe Guardian • TechCrunch • Engadget • Ars Technica • …

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County in Montana Delays Decision to Suspend Bitcoin Mining Operations – Crypto Currency News

After a wave of Bitcoin mining operations set up in areas with affordable electricity, places like Montana’s Missoula County needed to make a decision over the impact these operations have on the region. Earlier this month, it was reported that Bitcoin’s (BTC) energy footprint had nearly doubled in six months and was expected to grow. According to the study, Bitcoin could be using up approximately 0.5% of the world’s energy by the end of the year, almost the same amount used by the Netherlands. Needless to say, most people might not want that to happen. On Thursday, the Missoula County Commission decided to delay its decision over the suspension of Bitcoin mining to August 2018, according to the local news site the Missoulian. The hearing lasted nearly two hours where presentations and comments from the public were made on the topic of Bitcoin mining operations. Missoula County Commissioner Jean Curtiss had said at the end of the hearing that “we all understand that we don’t understand,” while County Commissioner Cola Rowley noted that this could be a good time for “education and outreach.” The county fears that the energy consumed by these operations could “pose a reliability and safety risk to local electric distribution …

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Steve Bannon Moves into Crypto – How? Why? Doing What? – Crypto Currency News

Steve Bannon Moves into Crypto – In August of 2017, President Donald Trump decided to remove Steve Bannon from his administration. Since then, Bannon has been the subject of scrutiny. In fact, some have recently gone as far as saying he is a man who disrupted U.S. politics. Now, however, it’s June of 2018, and Steve Bannon has moved on from politics. Specifically, he’s moving onto cryptocurrency. Yes, you heard that right. Steve Bannon is reportedly now involved in the crypto space. Steve Bannon Moves into Crypto On Thursday, Bloomberg reported that Bannon has been working round the clock, meeting with both investors and hedge funds about potential ICOs. Note these ICOs are all in connection to Bannon & Company, the former White House chief strategist’s investment firm. Now, this is not the first time Steve Bannon has spoke of the crypto sector. He’s expressed his support for it in the past, dating as far back as 2016. Not everyone knows this, though, as the investor didn’t start to truly express his respect until he left the White House in 2017. Bloomberg noted that Bannon said he wants to help others in creating their own cryptocurrencies. He even hinted at creating …

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Best Bitcoin Mining Software – Crypto Currency News

What is Bitcoin Mining? Put simply: Bitcoin mining refers to a process in which new bitcoin is generated by solving a complex math puzzle. All recent transactions are compiled into blocks and miners can solve the latest block that has a data of complex puzzle by using a special software, program and computer resources. Any enthusiast entrant can solve the math puzzle but whosoever solves it first can place the next block onto a public ledger, otherwise known as the blockchain and is entitled to a reward. Bitcoins are rewarded to those miners who have validated the latest mathematical problem.   Mining can be easy until computational power is employed. When more computational power acts in the medium, the complexity of solving the math puzzle increases. It can be adjusted with a protocol for every 2016 blocks or fortnightly (two weeks). In the early days of Bitcoin, CPUs from personal computers were used for bitcoin mining. As Bitcoin mining progressed, miners started using Graphic Processing Units (GPUs) and found that these are very effective. In the advent of – Application-Specific Integrated Circuit ASIC in 2013, a powerful hardware that uses minimal energy during mining process took the place of the existing …

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Top Blockchain Disruptions | Turning The Financial Industry On Its Head

The financial industry has witnessed many disruptions and welcomed new technologies that have radically changed traditional processes. In today’s world of cryptocurrency and digital transactions, a new type of technology is steadily taking over – the blockchain technology. Blockchain has caused many disruptions, but what are the top blockchain disruptions? Blockchain technology is causing financial institutions to take note and consider alternative methods to the traditional processes they have come to rely on, such as online transactions. Blockchain technology facilitates online transactions. These transactions are encrypted and processed over a decentralized peer-to-peer network. Encryption means that the transactions are secure, and the peer-to-peer network means there is no middleman. This is why blockchain transactions are much quicker. Furthermore, as blockchain transactions are kept on a public ledger, the details are available for anyone to see and thus they cannot be refuted. As you can see, this type of online transaction has many benefits compared to its traditional counterpart. Businesses where transparency and honesty are important, such as online casinos, can especially benefit from the unchangeable, publically visible digital ledger that blockchain can provide. Due to the speed, security, and convenience of blockchain technology, many industries have started testing ways that …

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Bitcoin Inheritance Planning – What You Need to Know (and do…)

It’s said that in this world, only two things are certain: death and taxes. While the invention of Bitcoin may cast a little doubt on the certainty of taxes, death remains sadly inevitable. However, one consolation of mortality is the ability to pass on one’s values, knowledge and accumulated wealth to others. When it comes to passing the baton of wealth to loved ones or favored projects, even here some governments demand their cut. Estate or inheritance taxes are perhaps the most odious of all taxes, combining death and taxes into a single grim package and turning bereavement into a financial windfall for the state. Fortunately, Bitcoin offers the opportunity to pass on wealth in an untaxed form, at least until legislators start drawing up crypto estate tax laws… So, while Bitcoin greatly aids the possibility of building multi-generational wealth, doing so effectively requires a well-formulated process and a degree of crypto-financial knowledge on the part of the inheritors. Planning Distributing crypto assets via a third party will only work if the executor of your instructions is able to perform the necessary actions. This means they’ll need two things: Access to all relevant private keys, passwords, seed phrases, exchange accounts, …

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Circle to Seek Federal Banking Licensing With U.S. OCC

Finance Circle Internet Financial Ltd has revealed that it is currently seeking to obtain a federal banking license with the U.S. Office of the Comptroller of the Currency (OCC) in order to expand the services available to the company’s customers. It also hopes to pursue registration with the U.S. Securities and Exchange Commission (SEC) as a brokerage and trading venue, which would allow the company to facilitate the trading of tokens deemed to comprise securities. Also Read: Markets Update: Leading Cryptocurrencies Break Above Bear Channels Circle Seeks to Gain Banking License with U.S. Regulator Circle has announced its intention to become the first cryptocurrency company to obtain a banking license. If successful, the move would allow Circle to hold customer funds in the form of digital coins of fiat currency, in addition allowing it to “hold reserves with the Federal Reserve, to natively access the central-banking system without intermediaries, to directly settle with other banks in other markets around the world through those networks – that can improve the efficiency of what we deliver, it can reduce the costs,” according to Circle’s chief executive officer, Jeremy Allaire. Circle claims to have already conducted preliminary conversations with the Office of the Comptroller …

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#238 Dr. Amrit Kumar & Dr. Ilya Sergey: Scilla – A Formal Verification Oriented Contract Language

Click to download audio version With the rise of smart contract technology, we’ve become acutely aware of the need for smart contract code to accurately reflect the intentions of its author; and for the code to have certain (safe) behaviors in all circumstances. Creating the languages and software tools to enable ordinary developers to write safe contracts has become an intense research endeavor in the cryptocurrency space. Scilla is a Turing complete intermediate level language; inspired from the paradigms of functional programming and formal verification; that makes it easy for smart contract developers to automatically prove statements about smart contract behavior. For example, Scilla could allow a future multi-signature smart contract author to mathematically prove that funds in that contract would always be retrievable by certain addresses (and never get stuck like the Parity incident). The ability to mathematically prove such safety properties of the smart contract has the potential to be an enabling invention prior to widescale use of this technology. In this episode, we are joined by Dr. Amrit Kumar and Dr. Ilya Sergey to discuss Scilla, the smart contract language of the upcoming Zilliqa blockchain. In a previous episode, we’ve already covered the vision and technical approach …

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