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Blockchain: The Future of Databases The first true application of blockchain technology was originally introduced back in 2008 by Satoshi Nakamoto, the pseudonymous creator(s) of Bitcoin. Its use allowed for the exchange of digital funds without the need for a central bank. Since then, blockchain has most often been associated with cryptocurrencies and NFTs, however, there are far more areas utilizing its technology than just these two examples. But what exactly is a blockchain? In simple terms, blockchain can be defined as an open distributed digital ledger that stores packets of information in blocks of data that are chained together. It’s primarily used for recording and tracking transactions and assets in a network. A major benefit of utilizing blockchain technology is that records cannot be altered or changed once recorded, making them immutable. Today blockchains are primarily used in the recordkeeping of transactions within different cryptocurrencies, though its ...

The Process of Creating Cryptocurrency: Is it the Same as Regular Money? Is Cryptocurrency Generated Like Normal Currency? Cryptocurrencies are unique digital assets that have exploded in popularity in the last few years, but how are new coins and tokens minted and how are they like the regular currency we use daily? Before we get into how they’re generated, it should be understood that cryptocurrency coins and tokens run off of blockchains, which are essentially packets of transactional data packed up in blocks and chained together to create a decentralized, immutable, and (usually) public ledger. This underlying technology allows cryptocurrencies to work autonomously without the need for a central middleman in a trustless environment usually facilitated by smart contracts on a blockchain itself. Now that you have a brief primer of how the technology behind cryptos work, we’ll briefly touch upon the two major consensus mechanisms (protocols used to verify blockchain ...

Top Cryptocurrency Mining Software 2022 When people talk about cryptocurrency mining, most of the attention is focused on the hardware – or the mining rig itself. Often, people ignore the importance of mining software in the mining process, and many are not sure what “mining software” even is. What is mining software? Mining software is a software program, usually free, that can be downloaded to a computer to control and monitor your mining machines. The program then interfaces with your machines and the blockchain network, acting as a bridge between the two. An analogy can be made between your mining software and the command center on a battlefield, while your mining rigs would be the soldiers on the frontline (or perhaps tanks would be more appropriate). From your mining software, you gain detailed control over your machines, and are able to communicate the mining activity on those machines to the blockchain network. You also can connect your digital wallet...

Mining or Trading Cryptocurrency? There are two ways through which one can enter the world of cryptocurrencies: trading and mining. Each method has their own pros, cons, and levels of accessibility, therefore whether one is better than the other is somewhat subjective depending on each individual’s budget, goals, and experience. This article aims to educate by highlighting some key differences between the two. Trading: For most, trading is the easiest, most accessible means of entry into the crypto space. Thanks to the rapid growth of centralized exchanges (CEXes) and other financial technology (Fintech) companies, nowadays anyone has the ability to easily purchase various cryptocurrencies using a credit card, debit card, and/or their bank account. If cryptocurrency has been purchased through an exchange, the buyer has the option of either leaving it there in their hands or transferring it to their own personal wallet (which can be digital or physical). These wallet...

The Best Returns Crypto Mining Technique When it comes to mining cryptocurrency coins and tokens, one should understand the differences between the different types of consensus mechanisms found in each, which are the methods in which each network validates transactions, adds blocks of data to its respective blockchain, and mints new coins or tokens. This article will be keeping it fairly simple and be covering the two most popular and well-known consensus mechanisms that are used in today’s most popular coins and tokens: Proof of Work (PoW) and Proof of Stake (PoS), though it should be noted that there are several others out there. Proof of Work (PoW): Used by: Bitcoin, Ethereum (currently), Litecoin, Dogecoin, etc. How it works: These systems are very energy-intensive and utilize a network of high-powered computers that compete against one another to solve complex mathematical calculations and find the correct numerical answer to a difficult problem, which in tur...

Best Profitable on Crypto Mining Crypto mining can be very profitable if you can afford its barriers of entry. Hardware, maintenance, electricity, and other fees all add up and can come to a costly total before you’ve even begun to make a profit. Despite all this, those who still want to get started are likely eager to know: Where can I get the most profits from crypto mining? That’ll depend on a few factors we’ll be discussing in this article – which crypto you’ll be mining, your hardware, whether or not you join a mining pool, and finally, cashing out. Choose Your Crypto: Before buying your mining hardware, you should decide which cryptocurrency you’ll want to mine. Bitcoin is the most well-known and most mined crypto due to its high price and popularity, with Ether (Ethereum) at a close second since it’s the second-most popular coin by market cap and has also risen to a fairly high price recently. However, there are plenty of other altcoins out there you could mi...

Crypto Mining Calculator: Cloud Rush USA When deciding to start mining cryptocurrency it’s important that you understand not only the costs associated with starting out, electricity, and maintaining the hardware, but also how much of a profit you’ll be receiving over the lifetime of your mining setup. Your return on investment (ROI) will vary depending on the hashrate of the hardware that you’re using (the number of hashes – or guesses – your hardware can perform per second), the crypto that you decide to mine, your electricity cost, the size of your mining pool (if you’re in one), and even the taxes that you’ll need to pay on your profits. A convenient way to find out about how much profit you’ll be making with your mining setup is to use a crypto mining calculator, but which is the most accurate? We scoured the Internet and collected three popular crypto mining calculators right here in one place! What to Mine Whattomine.com was found to be perhaps the most popul...

Cloud Rush Crypto Mining Profits in US For those who can afford it, mining Bitcoin (or any other altcoin) is a great way to earn a stream of passive income while contributing to the network’s functionality. For Bitcoin in particular, new coins are mined by various high-powered computers owned by different miners racing against one another to solve complex mathematical equations to add new blocks of data to the blockchain, and whichever does so first wins a block reward of 6.25 bitcoins, or about $287,058.36 at this time of writing. So say you belong to a mining pool and you get to split that 6.25 BTC reward with the rest of your pool-mates. Congrats! You’d probably want to put that money in the bank, right? Not so fast. As much as any crypto enthusiast would love to head to their nearest bank branch, pull out their Bitcoin wallet on their phone and have the teller scan their QR code to make a deposit, those days are likely a number of years away. So which banks in the US ...

Crypto Mining Tesla Phone: Elon Musk Technology The world’s richest man Elon Musk has several innovative ventures under his belt that he has either founded or taken over, namely Tesla, SpaceX, Starlink, Neuralink, and The Boring Company. With so many technical projects in the works, it’s led many to wonder just what he may come up with next. Of all his companies, Tesla is arguably his most popular and well-known. Despite its rough start, it has gone on to disrupt the entire automotive industry and cause a major shift toward electric vehicle production from established car brands that have been around for much longer. Not only are Tesla cars amongst the first mass-produced fully electric cars, but they’re also highly advanced machines featuring cutting-edge technological advancements in AI, computing, and software created by Tesla engineers. Due to the company’s technological prowess, many consider Tesla to be more of a tech company than a car company, and as with any ...