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Overview About Cryptocurrencies and Mining - Bitcoins, Litecoins, Auroracoins, Dogecoins, Mazacoins

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http://www.howtotradeforliving.com This is an overview about cryptocurrencies. The difference with other currencies is that bitcoins and similar have no central banks therefore their value and availability is dictated by their users. This is a step forward in the exchange of value between people and most likely will change the way we do transactions in future. It is possible to find a list of cryptocurrencies on this website: https://coinmarketcap.com and if you are interested in trading cryptocurrencies you can use this other website: https://www.cryptsy.com/users/register?refid=203324 However, if you want to contribute and invest in cryptocurrencies you can share the processing power of you computer and start something called "mining". Although this sounds great if you want to mine bitcoins you may be disappointed because your pc is most likely not powerful enough to mine a significative amount of bitcoins. A way around this is to use cloudmining websites that allow you buy "cheap" hashing power and generate meaningful amount of bitcoins in limited time. I am personally doing this and I recommend you this website: https://cex.io/r/1/lucas84/0/ In this video I talked about: bitcoins, litecoins,auroracoins,dogecoins, darkcoins,datacoins and mazacoins. I hope you found this video helpful and don't be afraid to share your point of view
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Text Comments (4)
Renich Michle (4 years ago)
This is very helpful for Bitcoins and Litecoin things wonderful! I like very much.
Tauhiduol Alam (4 years ago)
nice video. this video helpful for all of.  
xxKUTAKIxx (4 years ago)
Keep in mind  not even 6 months ago cex.io was around  $40 per GHSs Its now very cheap has been declining. For new people joining it would be hard to not lose in the money you spend to buy GHS Auroracoin is too time consuming to mine in my opinion better to buy on exchange  and buy / sell like a day trader a lot more profitable on exchanges like btc-e
I think you are right if you want to get rich overnight definitely mining is not for you. The way I see it is a long term investment (in terms of years) the price of GHs is going to decrease, that's a fact, however it will reach a bottom so the initial investment will always be worth something, the gains comes from the fact that over time you mine more bitcoins than you have invested. Trading is more profitable but also involves more risks, you can make lots of money in a short time but you can lose too. Diversify is the way to go, safe a slow growth with mining and quick and risky profits with trading..I would do both ( and allocate different portions of my budget)

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The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.