Category : Guide

Bitcoin Guide Resources

What is Bitgold? All you need to know!

BitGold_Goldmoney

What is BitGold?

BitGold is actually very different as compared to your normal crypto currency. BitGold is provided by a Canadian company. The underlying principle behind BitGold is that you would be able to save your money and convert into gold reserves with the help of BitGold. Moreover, whenever you are sending someone payments you can convert it into a gold reserve; and thereafter send the payment which ensures; that the payment is completely secure and backed by the bullion metal.

History of BitGold:

The company which is offering BitGold was started in 2014. The company is currently providing you with the opportunity to convert your savings into gold and to sell gold whenever required and to redeem gold as well.

The company is headquartered in Toronto, Canada.

Services offered by BitGold:

BitGold currently offers the service to buy gold as well as to make any business or financial transactions between businesses or individuals using gold. The customers who are using the services of BitGold can directly send or receive the bullion metal.

Whenever you are depositing and storing your money in Bitcoin, the company actually buys and holds gold in its vaults and different cities around the world. The statements of the company are audited by PricewaterhouseCoopers; in order to ensure that it is actually providing the gold backed standard.

Bitgold is still in the initial stages owing to which the market cap is just around $1.13 million. However, as has been seen in the past; assets which are backed by gold become a standard form of transactional currency. Owing to this very reason, you can be sure that BitGold actually has tremendous potential when it comes to providing the gold standards in terms of currencies as well as the financial transactions.

Due to this very reason, if you’re looking to invest in upcoming currencies or in gold, BitGold is one of the best options for you.

Top 3 Bitcoin Trading Platforms by CoinsIQ

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Bitcoin Guide Introduction Wallet

Finding the Best Bitcoin Wallet by CoinsIQ

best-bitcoin-wallet

What is a Bitcoin Wallet?

A bitcoin wallet is similar to your bank account. It is where you store your bitcoins and through which you can send and receive bitcoins; but to be more accurate, bitcoin wallets do not store your bitcoins because Bitcoin is a digital virtual currency not a physical currency, Bitcoin wallets actually store your private and public keys which are digital keys; that provide you with access to your bitcoins’ addresses and store the digital signatures; that are used to make Bitcoin transactions. Different Bitcoin wallets come with different features and mechanisms.

Choosing your Bitcoin wallet

Choosing the best Bitcoin wallet is a very important matter, especially when thinking about versatility, safety and privacy. But keeping your Bitcoin savings safe and secure, as we will show you in this article; doesn’t have to be a complicated matter as many people think. In this article we will tell you what to look for when choosing your Bitcoin wallet; and also how to install and use one.So if you want to know what types of Bitcoin wallets are available; how you can get one and how to use it, this article is for you.

How to choose the best Bitcoin wallet for you?

So how do you choose a best bitcoin wallet?  That’s the question that this article will answer. First of all, start with how you plan to use your bitcoins: How frequent will you use Bitcoin? What will you use Bitcoin for? How much money will you invest in Bitcoin? Will you hold a considerable amount of bitcoins for long term investment? Do you want to use Bitcoin as a method for payment? Are you new to the world of Bitcoin?

Answering these questions help you set your priorities and decide which Bitcoin wallet is suitable for you. If you’re going to invest massively in Bitcoin then security should be on the top of your priorities. If you want to use bitcoins for frequent and instant payments; then you should use a simple and reliable Bitcoin wallet that can be accessed from your mobile or laptop.

Also Read: Bitcoin Cash Wallet

Things to consider when choosing your bitcoin wallet

Since that the most important use of Bitcoin wallets is that they act as an interface to the world of Bitcoin; where you need them to send, receive and store your bitcoins and without a one you won’t be able to get to the world of Bitcoin. There are three important things to consider when choosing your Bitcoin wallet in order to pick a one that matches your needs :

Security

The system of bitcoin is secure in itself, it is impossible for a bitcoin to be double-spent; there’s no centralized authority that controls the flow of bitcoins; and every transaction requires the approval of all the nodes of the system to happen. However, the Bitcoin wallets that are used to store bitcoins and used for Bitcoin transactions may be vulnerable to cyber threats; if the right security precautions were not undertaken.

Bitcoin wallets store your private keys which shouldn’t be known or acquired by anyone but you and they must be kept safe and secure; because if a hacker managed to gain access to your private keys, they can steal your bitcoins; and since that Bitcoin transactions are irreversible, your stolen bitcoins will be lost forever. So a good Bitcoin wallet that truly protects the security of your bitcoin assets must have an insurance; against cyber-attacks and provide protection for your private keys.

There are also security measures that you can take in order to protect your bitcoins; like making regular backups to your Bitcoin wallet which will help you protect your bitcoins; and recover them in case your computer or mobile is stolen. And in case your Bitcoin wallet is provided by a Bitcoin wallet provider or an exchange, you have to ensure the commitment of the company to the security of their clients’ holdings.

A highly recommended choice for those who’re concerned with security is using a Bitcoin wallet that implements the multi-signature technology.

For more information about multi-signature wallets, please watch this video.                                                    

Simplicity

Your Bitcoin wallet is what you use to transact with other Bitcoin users in the world and to store your bitcoins, and that’s why one of the most important criteria for choosing the best bitcoin wallet is Simplicity. It’s better (especially if you’re new to the world of Bitcoin) to choose a wallet that is easy to use and has a simple user interface that is easy to understand.

A simple bitcoin wallet should:

  • Have a good and simple user-interface that’s easy for a beginner to learn and use.
  • Be easy to configure.
  • Be tailored for enhanced user-experience.
  • Be quick to access.

Privacy

One of the factors that attracts people to Bitcoin is the absence of a centralized authority; to control the flow of the cryptocurrency or have access to the transaction data which in turn means more privacy. However, different bitcoin wallets come with different levels of privacy; for example, many bitcoin wallets (especially online Bitcoin wallets) are provided by Bitcoin exchanges and wallet providers; and while some people may consider the involvement of a third party a threat to their privacy; many may think of it as a better option for the simplicity it offers and while a Bitcoin wallet that provides the user with  complete management of Bitcoin funds may be considered a perfect choice for many; many others prefer to put the responsibility of keeping their bitcoin funds safe and secure on a trusted third-party that has a good reputation. It’s also worth to note that the servers of best bitcoin wallets providers have no access to the users’ funds. So it’s up to you and the level of privacy you are looking for.

And remember that protecting your privacy will always be part of your responsibility no matter what type of bitcoin wallet you choose, for example, in case you decided to use a software bitcoin wallet that will be downloaded on your computer, you have to make sure that your computer is protected against malware threats, viruses, Trojans and cyber threats, and you have to make sure that the software bitcoin wallet has a good reputation in the world of Bitcoin.

What are different types of Bitcoin wallets?

Before you choose the best Bitcoin wallet, you have to set your priorities straight, because there is no such a thing as a perfect Bitcoin wallet and in a way or another you’ll have to compromise one advantage for another. A Bitcoin wallet that maintains your privacy may not be easy to use, and a bitcoin wallet that’s simple to learn and use may not provide high levels of security.

Hardware Wallets

Hardware wallets, often called Cold wallets or Cold storages as they are completely disassociated from the Internet, are hardware smart devices that are used to store the user’s private keys and bitcoins.

The problem with software Bitcoin wallets and online Bitcoin wallets is that hackers can hack into your software or into your computer and steal your private keys, and thus have access to your bitcoins. Also many people dislike the idea of having their private keys in the possession of a third-party which is the case for Online wallets. And that’s what distinguishes hardware wallets from software wallets and make them a better option for safety and security.

In the case of Hardware wallets, your private keys are generated and stored offline (in a specific part of the microcontroller of the hardware wallet that’s dedicated for that) and in order to spend your bitcoins the hardware wallet must be connected to your computer (Your private keys will not be transferred to your computer and will not move from your hardware wallet).

Benefits of Hardware Wallets

The hardware wallet can also be secured with a PIN (as you will see in our example below), which makes it extremely hard for someone to steal your bitcoins and easy for you to retrieve your bitcoins in case your hardware wallet (the little hardware device) is stolen or lost.

Since there are no reported incidents of bitcoins stolen from hardware wallets, Hardware wallets are often seen as the best choice for storing large amounts of bitcoins. However, they may not be a practical solution for many users due to their complexity when compared to other wallets, and also because they require a considerable amount of free space on a computer in order to store the data of the transactions that happen every day.

Hardware wallets also, unlike most of the bitcoin wallets, cost money but again it is the most secure option so it’s worth it.

How to setup a hardware wallet?

Having mentioned the advantages and disadvantages of hardware wallets and discussed them, we are going to show you how to use one.

Since that Trezor is the most known hardware wallet and the first hardware wallet in the world of Bitcoin, we are going to use it in our procedure, but of course you’re free to choose any other hardware wallet and almost all of them work the same way.

1 – Connecting  it to your computer. The first thing you need to do is plugin your hardware wallet to the computer/laptop that you’re using. The hardware device is something like a dongle.

And it comes with a cable that allows it to be connected to the computer as a USB device but you can use any other cable as long as it does the job.

2 – Downloading the extension or the software. On your computer, you need to visit the website of the hardware wallet provider which in our case is www.mytrezor.com in order to download the extension/software that functions as an interface to your bitcoin wallet.

trezor-hardware-wallet

On the website you’re given two choices/options to choose from, download an extension for your browser or download a software program.

Let’s go with the first option since they both work almost the same way and of course you are free to download the software but there’s no big difference between them they both have nearly the same features.

3 – Adding a label to your device. This is not really important, you can add any label you want to your device.

4 – Adding a PIN number for your device. Now you’ll be asked to add a PIN number for you device and this is a very important step. On the screen of your personal computer/laptop you’ll find 9 boxes resembling the 9 digits of the decimal system, but you’ll notice that the 9 boxes don’t have numbers inside them and that they’re almost empty. Now if you look at the screen of your hardware wallet you’ll find the 9 digits but in a specific order. Now all what you have to do is choose your PIN number and set it using the 9 boxes on the screen of computer with respect to the order and sequence of the 9 digits on your hardware device. So it’s simple despite how complicated it may looks from the first sight, the buttons on you see resemble the numbers you see on the screen of your device. So to know what digit each button resembles you need to look at your device.

Setup and use a hardware wallet

Now you’ll be asked to re-enter and confirm the PIN number that you’ve chosen and entered , but be careful because the order of the digits on your hardware device has changed. So you’ve to re-enter your PIN with respect to the new order of the digits that appear on your hardware wallet.

5 – Writing down your recovery seed.  Your recovery seed is a list of secret words that help you recover your bitcoins in case you lose your hardware wallet.

Now after setting up your PIN number, you’ll receive specific number of words on your hardware wallet and you’ll be asked to write them down on the recovery card that comes with your wallet.

You’ll receive the words again on your hardware wallet, now all what you have to do is check the words that you’ve already written on your recovery card against them.

Now your bitcoin wallet is ready for use and you can use the extension of your browser as an interface to your wallet to send, receive, store and trade bitcoins.

Ledger Nano is one of the best Hardware wallets available and it’s less expensive than Trezor. Here’s a tutorial on how to setup and use Ledger Nano S.

Desktop Wallets

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Desktop wallets can be downloaded on laptops and personal computers. Most Desktop wallets can be set up to require a password on every bitcoin transaction that is to be made, so in case someone stole your computer/laptop, he won’t be able to steal your bitcoins. Which means more safety for your bitcoins.

Desktop wallets are also considered by many to be one of the safest options because it gives the user full control over their funds and the wallet is installed on the user’s computer/laptop.

Although desktop wallets make transactions from your personal computer/laptop easy , they don’t provide a practical solution for those looking for a wallet that can be used for everyday instant payments due to the physical limitations on the movement of the devices on which these wallets are installed.

How to set-up a Desktop Wallet?

1 – Go to www.bitcoin.org.

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2 – Click on the ‘Get started with Bitcoin’ button on the homepage.

3 – Click on the ‘Choose your wallet’ button.

getting-started-bitcoin.org

4 – Now you have to choose the type of wallet that you’ve decided to use, in our example we’ll use Desktop wallet.

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5 – Click on the ‘Desktop’ button and choose the operating system of your computer/laptop, for our example we will choose Windows.

6 – You’ll be given different Bitcoin applications to choose from. However you’re not limited to these options and you may download any other trusted Bitcoin wallet from anywhere else, but it’s highly recommended to choose one of these bitcoin wallets as they are trusted.

For our example we’ll use Bitcoincore, however, you’re free to choose any other wallet.

7 – Click on the ‘Install’ button.

8 –Open the .EXE file to setup your bitcoin wallet.

9 – You maybe asked to choose the directory in which your data will be stored, and you can use any directory you want of course (as long as the required free space is available).

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10 –Now you have your Bitcoin wallet ready for use.

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Mobile Bitcoin wallets

Mobile Bitcoin wallets are applications that can be installed on mobile devices to store bitcoins and use them.

The most notable advantage for mobile wallets is that they are versatile. You can use your mobile wallet for frequent and instant payments, you can use it online purchases, you can use it in retail stores, you can use it from anywhere and in anytime. Many mobile wallets implement QR code technology which makes instant payment easier and thus can be used for everyday transactions and in-store payments. Many mobile wallets also support Bluetooth payment which makes it easy to use Bitcoin to pay in-person,  some even offer multiple wallets for one account which means more versatility and there are many mobile wallets that have backup features.

If you use bitcoins on a regular basis, then you should download a mobile wallet.

There are many mobile wallets available for download in Google Play Store, App Store and Windows store for Android, IoS and Windows phone devices.

Paper Bitcoin wallets

A paper wallet is a physical document where the data required to generate private keys is stored and that’s why a Paper wallet is considered to be a cold storage just like the Hardware wallet.

It is recommended to make sure that the computer is not connected to the internet during the process of paper wallet generation. For more security, it’s better to disconnect your printer from the internet and make sure it does not keep copies of printouts internally.

It may be difficult or complicated to back up your paper wallet, however , you can make physical copies of the paper  itself.

Don’t forget that your paper wallet is just a piece of paper that can be easily torn, damaged, destroyed or stolen, so you have to protect it.

So if you dislike the idea of storing your private keys digitally, then a Cold storage like a Paper wallet or a Hardware wallet is the perfect choice for you, because in the case of Cold wallets, you’re the one responsible of keeping your bitcoins safe and secure.

How to create a Paper wallet?

In case you want to know how to create a paper wallet, the steps below will instruct you on how to create a paper wallet by yourself.

1 – Visit www.Bitaddress.org

2 – On the homepage you’ll be asked by the website to move your cursor around or type random characters into a text box till it becomes 100 % on the percentage bar that’s on the homepage.

3 – Now you’ll be provided with public and private keys with their QR codes. Do not scan or store them.

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4 – Click on the ‘Paper Wallet’ you see above and select the number of addresses that you’d like to generate.

5 – For further security, you are given the option to encrypt your private key with a Passphrase using BIP38 encryption.

6 – In case you don’t like the available design you can click the checkbox for ‘Hide Art’.

7 – Click on ‘Generate’ button in order to generate your Paper wallet.

8 – After the generation the Paper wallet, click on the ‘Print’ button in order to make hard copies of your paper wallet. You can also save your Paper wallet in PDF format.

Online Bitcoin wallets

Online Bitcoin wallets is the easiest type of Bitcoin wallets that you can use and they are very versatile. What makes Online wallets versatile is that they can be accessed from any device that is connected to the internet, which makes it easy to use for regular payments and frequent transactions.

However, in the case of online wallets, the responsibility of securing your bitcoins lies heavily on the shoulders of the service provider , as your private keys are stored on servers that belong  to the wallet provider.

Despite that most of the online wallets providers have neither full access to these servers nor access to the transaction data of the users, the users’ wallets may still be vulnerable to cyber attacks as these servers are attractive targets for hackers.  So make sure that the wallet provider you choose has insurance against cyber threats and an established reputation in the world of Bitcoin.

If you are new to the world of Bitcoin, and you are not willing to invest heavily in Bitcoin, then  it may be better for you to start with an online wallet.

Create your own online bitcoin wallet

Bitcoin online wallets are very easy to use, you don’t have to download a software or an application.

1 – Go to www.bitcoin.org.

2 – Click on the ‘Get Started with Bitcoin’ button.

3 – Now click on the ‘Choose your Wallet’ button.

4 – Click on the ‘Web’ button.

5 –  You’ll be given different Web wallets to choose from. In our example we will choose BitGo , but you’re free to choose any other wallet.

6 – Now all what you have to do is click on the ‘Visit Website’ button.

7 – You’ll be taken to the Wallet’s website where you will create your Bitcoin Wallet.

Top 10 best bitcoin wallet in the market

Green Address

GreenAddress is an online bitcoin wallet with multi signature for additional security. This wallet is available for Google Chrome, Apple iOS and Android versions.

SpectroCoin

The SpectroCoin is an all in one Bitcoin Solution. It offers a wide range of solution including, a bitcoin exchange and also a secured bitcoin wallet.

BreadWallet

The Bread Wallet for bitcoin was initially started out to serve iPhone / iOS users. Later extended their support to Android users also. This bitcoin wallet is popular because of its simplicity and ease of use nature.

Mycelium

The Mycelium wallet is very popular among the advanced bitcoin user community. It is a Hierarchical Deterministic wallet – meaning, the wallet generates a new bitcoin address from a special piece of program. It also have excellent support for other hardware based wallets like the TREZOR and the LEDGER.

Bitcoin Wallet

The “Bitcoin Wallet” was the first bitcoin wallet developed for Android mobile devices. It is very simple to use, easy to create backup and is popular among both new and advanced users alike.

AirBitz

The Airbitz is yet another bitcoin mobile wallet and highly suitable for day-to-day use. It is integrated with Fold, enabling users to enjoy 20% discounts at the Starbucks when you make bitcoin payments.

GreenBits

The GreenBits is developed based on the native version of GreenAddress. Because of this, it is quite simple and fast. It also has excellent support for other hardware based wallets like the TREZOR and the LEDGER.

Armory

The Armory is one of the most sophisticated and mature bitcoin wallet out there. It is highly secure and packed with features and it is very popular among technical users. As it is advanced, the users have complete control over all their private bitcoin keys.

Bitcoin Core

The Bitcoin Core is the official wallet that is created for the first cryptocurrency, the bitcoin. It is not popular in the bitcoin community as it lack several features and also it is slow. Bitcoin Core connected through the Tor is believed to be one of the best ways to use your bitcoin anonymously.

Electrum

The Electrum is one of the most popular bitcoin wallet. It is desktop based and very easy to use. Because it is fast and also supports cold storage, it can be used offline. In addition to that, the Electrum also offers features like connecting through the Tor, multisig and integration with other hardware based wallets.

At the end, it’s all up to you, so get your priorities straight and choose a Bitcoin wallet that meets your preferences and matches your needs!

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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Bitcoin Guide Trading

Top 3 Bitcoin Trading Platforms by CoinsIQ

bitcoin_trading_platform

Many of the people are trying to take advantage of the high volatility in the Bitcoin prizes. They are often looking for best Bitcoin trading platform so that they are able to trade in Bitcoins and make a significant amount of money. One thing which you have to keep in mind is that instead of trading Bitcoins on any platform, you have to simply go with the best Bitcoin trading platform so that it becomes easier for you to securely trade Bitcoins and make a significant amount of profit as well.

In your quest to find the best Bitcoin trading platform, we would share with you 3 different options on which you would be able to easily trade Bitcoins.

Coinbase.com:

Coinbase is probably the most popular Bitcoin buying and trading website. That is why it is completely secure and it has a lot of liquidity as well. The reputation of this website is also pretty strong. Moreover, it allows you to use different methods in order to deposit your money. Overall, it allows residents of 33 countries to trade in Bitcoins. Moreover, during trading, the transaction fees would always be on the lower side. This would ensure that you do not have to worry about the transaction fees whenever you are trading in Bitcoins.

Also Read: Earn Free Bitcoin

Cex.io:

This is another trading platform which you can utilize whenever you are looking to trade in Bitcoins. They also allow wire transfers as well as credit and debit cards in order to deposit the money. The transactions of Bitcoins are also completed pretty quickly. The main advantage of this platform is that they allow users worldwide to buy and sell Bitcoins. This ensures that irrespective of the country from which you are, you would be able to easily buy and sell Bitcoins without any problem. This is one of the main advantages of this exchange. Also, the limitations for buying and selling the Bitcoins are also set pretty high. This ensures that you do not have to worry about any kind of limitations.

Bitstamp.net:

This is another trading platform which has a stellar reputation. Moreover, it allows you to deposit money through the wire transfer as well as other payment methods like Astropay and Ripple currency deposits. It also allows users from all over the world to trade in Bitcoins. The trading platform has been around since 2011. Owing to this very reason, you can be sure that it is completely safe. Till that, it has not been impacted by any hacking attempts or changes in laws. Thus, if you’re looking for a reliable Bitcoin trading platform, this one is also a good option.

So, when you’re looking at the best Bitcoin trading platform, these are the 3 options which you should be looking at.

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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Bitcoin Guide Mining

How to Mine Bitcoin – What is Bitcoin Mining?

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What is Bitcoin Mining?

Before you begin mining Bitcoin, it is beneficial to know what Bitcoin mining actually means. Bitcoin mining is lawful and can be accomplished by conducting SHA256 dual round hash confirmation. They are procedures so as to confirm Bitcoin trades, in other words user transactions.

The mining process also offer the required safety for the public block-chain ledger of their Bitcoin network. The rate where you mine Bitcoins is quantified in hashes per minute.

Even the Bitcoin eco-system rewards the Bitcoin miners; by paying them in bitcoin to people who donate the required computational ability.

This is given in the kind of both newly issued bitcoins and by the trade fees; contained in the trades verified when mining bitcoins. The greater computing power you donate; then the larger the share of the payoff.

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How to mine Bitcoin with ANTMINER S9

The Antminer S9 , the most efficient and effective miner to date was introduced maybe not so long ago. On account of the fact that it becomes even harder to produce a profit; because of a Bitcoin miner due to the increasing problem to mine Bitcoins.

Thus, it created the belief that just this Bitcoin miner remains currently generating a positive return on investment in the current situation.

There are a great deal of positive feedbacks about this product but there are still others that have doubts. CoinsIQ has put together list of all of the pros and cons about ANTMINER S9

Most Powerful Mining Hardware

Apart from the electricity cost, the mining pool believes, the Antminer S9 can create around 0.5 Bitcoins monthly as it has a hash speed of whopping 12.93TH/s -+ 7% (not actually 14 TH/s as marketed).

To find out more about the profitability, three distinct Bitcoin mining calculators have been used to compute and all showed the very same results. With this verification, you’ll have pure earnings of 330 dollars per month. That is approximately equal to 0.08 BTC in the present exchange rate.

A least amount of energy has been expended compared to all other miners out there. Therefore making it the most efficient miner too.

Adding the energy cost otherwise will produce around 0.33 BTC that’s a little lesser.

The Cost of the Mining Hardware

The price of this Antminer S9 differs based on what store you purchase it from. Cheapest among the others is selling around $2000. It is possible to already get it from eBay or Amazon. Just a tiny bit expensive from Bitmain’s website that you’ll be able to purchase the Antminer S9 for $2400.

So I guess you now know which shop you will begin to look.

This miner has exceptional mining skills hence making it the most expensive miner available on the industry nowadays. Considering just an ordinary price of power equivalent to $0.1/ $KW; it is possible to already reevaluate your investment should you mine for approximately ten months. That can be considered a very long time at the Bitcoin eco-system.

A lot will change within this time period that re not limited to; mining issue may grow, exchange rate may fluctuate and so on. Thus making it difficult to expect; how much time it might take to even regain your expenses within this particular investment.

As you might have guessed, you would still need a power supply unit to run. Adding a PSU to the miner could cost you a little more. You may need purchase, APW3-12-1600-B2 – as it is compatible with Antminer S9 and cost around $150.

As an alternative, using a power supply unit from an old Bitcoin miner may also do the job.

Nonetheless, it’s ideal to get APW3-12-1600-B2 whenyou do not have any PSU with you. Adding this for the original investment price and because the purchase price is little more than every other old PSU available in the market.

Check the miner specification before purchase

Never neglect to look at the specifications of the specific miner; before purchasing because not all the Bitcoin miners are sent in one single batch.

It’s always safe to believe that each and every batch are not created equal. It could be highly possible, you will purchase an Antminer S9 which has a hash speed of just 11.85 TH/s rather than 12.93 TH/s.

For an example in Bitmain, the present batch of Antminer S9 are accessible in just 11.85 TH/s; even the stronger models are offered.

Please notice that the 11.85 TH/s versions are also more economical. In contrast to their larger brother it’s not much of a problem; because the purchase price of this miner is comparative to the hash pace.

The most significant point would be to inspect the correct specifications of this miner; you have shortlisted to buy. This step is actually crucial to figure out, the precise ROI and when you’ll break even.

Bitcoin Mining Calculator

The amount of bitcoin blocks mined daily from the Bitcoin eco-system decides the potency of the procedure.

In each second, tens of thousands of computers from all around the world are leading to the production of bitcoins, raising the amount of feasible trades available on the marketplace.

It’s very important to miners to figure the amount of block chains generated daily, in addition to the time required to produce a block.

The worth of a bitcoin block would be 25 BTC, also after 210 000 blocks would be produced at this respect; the amount of BTC/block are also halved.

Additionally, by demonstrating just the number of bitcoin blocks are created daily, the miners have the ability to compare the potency of the computer using the different mining pools and computers implicated in precisely the exact same procedure.

Where to Find Bitcoin Mining Calculators?

It’s possible to discover several websites offering mining programs. Nearly all those being linked directly to the principal hub of Bitcoin, therefore all of these are correct.

The distinction is produced by the port of these sites, and also by other unique features which can be found alongside the bitcoin mining calculators.

We have shortlisted these three calculators for you. Hope this helps.

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Bitcoin Guide Trading

Top 5 Bitcoin Trading Robots by CoinsIQ

bitcoin-trading-robots

Bitcoin Trading – Top 5 Bitcoin Trading Robots

Trading robots are rather common in the bitcoin world, as few traders have time to stare at the charts all the time. Many people trade bitcoin as a method to produce easy revenue while functioning their routine day works.

With a lot of individuals relying upon these trading robots, the question ends up being which one can be relied on and also which one ought to be avoided.

Below is a checklist of well-known cryptocurrency trading robots, however, your gas mileage might differ when using them.

HAASBOT

The Haasbot is rather preferred among cryptocurrency enthusiasts. Theoretically, Haasbot does every one of the trading legwork on behalf of the individual, although some input is called for.

Haasbot sustains all the significant exchanges and also can understands the candle stick patterns.

Considering it costs between 0.06 BTC and 0.17 BTC per three-month period to use this service, one needs to be dedicated to making use of this software program and hopefully make a profit from doing so.

ZENBOT

One more open-source alternative for bitcoin traders goes by the name of Zenbot.

Albeit this bot has actually not seen any type of significant updates over the past few months, it is offered to download and also customize the code if needed.

This notes the 4th version of Zenbot, which is still a light-weight as well as artificially smart bitcoin trading bot.

It is likewise one of the very few bitcoin trading robots, efficient in high-frequency trading as well as sustaining numerous assets at the very same time.

Per their GitHub page, Zenbot 4 makes a 195% ROI in just 3 months, which is rather unusual.

CRYPTOTRADER

One of the more attractive and yet un-identified bitcoin trading robot has the name of CryptoTrader.

The service offers cryptocurrency users automated trading robots working on cloud platforms.

Not having to mount unknown software is a large plus, albeit it remains to be seen if this system is legit.

One appealing attribute is just how CryptoTrader approaches the market where any person can buy or sell using their favored trading approach.

Also Read: Coinbase Review

GEKKO

The Gekko bitcoin trading robot is another open source software remedy that could be located on the GitHub platform. It was last updated about 10 days earlier, which seems to indicate it is still being proactively developed.

Utilizing this automated trading robot appears to be simple, as it also has some basic approaches. It is not a high-frequency trading robot whatsoever, nor will certainly it make use of arbitrage possibilities.

With an excellent listing of supported exchanges, Gekko can be worth looking into.

BTCROBOT

One of the first automated bitcoin trading robots to ever be created – the BTCRobot.

While it appears to do the job and is fairly very easy to establish. Reaping profits using this tool could greatly differ when using this tool. Some people appear to be making moderate profits. Whereas others appear to have a hard time to get it to function correctly.

A single license costs about $19.99 per month. The platinum plan costs about $399 one time payment with a premium support.

There is a 60-day refund plan, that makes it a no-brainer to check out no matter.

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