Crypto Mining Recommendations

Crypto Mining Recommendations

My Cryptocurrency Mining Recommendation

Within this post i am going to outline my Mining recommendations over a period of time. I currently know of three cloud companies that safely mine and generate results. Right now i am using one and about to start up on the second. I wont mention them here as of yet as it is still early days. However if you would like to see my current review on the first company you can read that here at “My USI Tech Review“.

 

Bitcoin Mining for Beginners

Bitcoin Mining for Beginners

Bitcoins mining went from something of a hobby to a tech-savvy high-value investment within just a little time. The challenge for beginners is that majority of mining sites are targeted to an advanced audience. Most beginners aren’t professional coders, are inexperienced with Mac, Linux or Ubuntu. Therefore, this article is written to show such beginners how they can start with bitcoins mining in very simple language.

Get a Rig

Bitcoin mining is truly competitive. Mining difficulty progressively increases daily as progressively more miners join with trending and fast hardware. You must do your due diligence to know if it will be profitable for you before you even start out. Using a bitcoins mining calculator like is gotten on USI-Tech is the best means of doing this. After making your calculations, you need to get a miner (also called mining hardware or mining rig). There are several options of miners you can choose from. Apart from power consumption and computation speed, each option has its own unique advantages that make users prefer it.

Get a Wallet

The next thing you must get is a bitcoin wallet. You require a safe place to store your funds as bitcoin is a digital currency. Ensure that you get your wallet address and keep it safe. Your wallet key (somewhat your wallet’s password) should not be its public address. If your wallet is self-hosted on your PC, ensure that you copy it to a thumb drive or print it out and ensure the security and safety of the printed copy. This is as you will certainly lose all your funds should your PC crash. They might not go to another person, but they will still disappear into thin air forever.

Join a Bitcoins Mining Pool

To get bitcoins, you possibly need a mining pool. This is a group of miners that combine computing power to generate bitcoins. The reason for not going solo is that bitcoins are given in blocks normally 12.5 at any given time, and you won’t get any of those unless you are extremely lucky. Pools give easier and smaller algorithms to members to solve, and the combined work makes solving much bigger algorithms much more likely. Earnings are then shared according to contribution in the group. You will basically and consistently make more bitcoins and will be extra likely to get excellent ROI. Reward method, mining and withdrawal charges, block discovering frequency, and ease of withdrawals are among factors to consider before joining any mining pool.

Get a Software Program

You require software which is the mining client you will run on your PC to enable you monitor and control your hardware which is your mining rig. You must find the correct software in relation to the option of chose among mining rigs. Most mining pools like USI-Tech have their own software, so you then need not worry yourself about getting software.

Begin Mining

Connect your miner to power and fire it up. Ensure that it is connected to your PC and you’ve opened your mining software too. Firstly, you must enter the username and password you chose when joining the mining pool. Once you are let in and configured, you basically begin to mine for bitcoins.

If mining will be too overwhelming for you, then perhaps it’s best for you to just buy. USI-Tech is still the most valuable platform for you if that’s what you’ve decided to do.

Top 10 Bitcoin Mining USBs

Top 10 Bitcoin Mining USBs

In the beginning, miners of bitcoins needed only their CPUs, then, when they became inadequate, they went on to using GPUs. Though GPUs could hash data 50 to 100 times faster and needed much less electricity, they also turned inadequate with time. The custom equipment came in 2011 and changed mining considerably. Performance standards were pushed much higher. The first of these were miners that were based on FPGA processors. They are attached to PCs via a convenient USB connection. They need much less power than both GPUs and CPUs. Here are the top 10 bitcoins mining USBs

1. Sapphire Miner

These block erupters were the first bitcoins mining USB on the market. Their hash power is about 330 MH/s. It is a good choice especially for those that want to understand how mining works.

2. GekkoScience USB Stick

This a bit better when compared to initial block erupters. Its manufacturer says it functions completely silent and it works using just one USB port on your PC.

3. Avalon Nano3

This is a 3.6 GH/s miner. It requires no fan and just plugs into the USB port of any kind of PC you might be using.

4. 21Bitcoins Computer

Though some people disagree, this is also a USB miner technically. This is because it also connects to your PC via a USB port.

5. Antrouter R1 WIFI Solo Miner

Though not exact, this is similar to a USB miner. It has a hash rate of about 5.5 GH/s and also functions as a wireless router enabling you to offer internet connection to all of your other devices.

6. AntMiner U2

This is an ASIC miner that has a power efficiency of 1 W/GH and a hash rate of 2 GH/s. it also a Bitcoins miner that connects to your PC’s USB port.

7. BPMC Red Fury USB

This is a USB miner that offers a 2.5 GH/s hash rate with a power efficiency rate of 0.96 W/GH. It’s also a popular option.

8. BitFury USB Miner

This is also an ASIC miner that features various models from the same manufacturer. They feature hash rates of about 4 GH/s on the average.

9. Bitmain AntMiner U2

 

This is another Bitcoins USB miner that has a hash rate of about 2.2 GH/s and a power efficiency of about 1 W/GH. It also connects to just one USB port on your computer.

10. Bi-Fury USB Miner

This is another popular one. It offers about 5 GH/s for its hash rate. It features a double chip technology as a block erupter and connects to just a single USB port on your computer.

One thing that should not confuse you is that there is USB Bitcoins mining hardware. But they vary from USB wallets. Miners mine bitcoins while ledgers like that Ledger Nano S only serve to store your funds. They are both USB devices but they serve different functions when it comes to dealing in bitcoins. This is the 10 USB options you were promised at the beginning of the article. Go through them and choose the option that best suits your purposes.

BITCOIN MINING KITS

BITCOIN MINING KITS

Bitcoin mining process is a computer process whereby mathematical computations are solved to release new bitcoin chains. Miners keep the block chain clean and free from manipulation. This process requires that miners use from cryptographic hash algorithm that is present in the previous block chain to produce the next one. For the miners’ block chain to be accepted by the network, there must be a proof of work in it and this proof of work is called a ‘nounce’. The process of mining Bitcoins is time consuming, expensive and painstaking and is made easier with the right mining kit.

Bitcoins are mined in blocks. It is mined after the miner successfully solves the mathematical computations providing checks in the previous blockchain to rid it of scams. When the miner verifies 1megabyte of bitcoin transactions, they can get the reward of up to 12.5BTC.

Basically, the mining of Bitcoins uses either a graphic processing unit (GPU) or the application specific integrated circuit miner. The equipment used have varying hash rate production capacity and thus offer different cost and varying levels of reward. It is important to note that bitcoin mining is a process that consumes electricity and this is why the parts of the world that produce the highest amount of bitcoins are those that have a relatively low cost of electricity.

There are many miners in the bitcoin mining industry but we will be discussing a few here. As it stands today, the best bitcoin miner is believed to be the AntMiner S9.

ANTMINER S9

The Antminer S9 has a better power consumption efficiency. Seeing as the mining process is power consuming, this singular fact that the Antminer S9 is power efficient makes it useful for long term mining. It has a hash power of 13.5 TH/s- 14 TH/s and has a power efficiency of 0.098J/GH.

 

Antminer T9: this ASIC equipment is still highly sort after. Besides the fact that it is power efficient, it also has a very good cooling system. The AntMiner T9 is readily available for purchase and is probably the most common. It has a hashrate of 11.5 TH/s- 12.5 TH/s and has a power efficiency of 0.126J/GH.

 

ANTMINER R4

Antminer R4: this equipment is a home miner that emits very low noise levels. The hashrate of this equipment is 8.6TH/s and its power efficiency is 0.1J/GH

AVALONMINER 741

The newer version of the avalonminer is similar to the avalonminer 721 in terms of chips (16nm) but has some new improvements in software and design optimization. The AvalonMiner has a better hashrate production than the older model. The hash rate production for this version is 7.3TH/s. Power efficiency of 0.16J/GH

AVALONMINER 721
AvalonMiner 721: this equipment produces 6TH/s. it is produced by Canaan interactive, a company in China that focuses on producing Bitcoin ASICs. The power consumption of the machine between 880w-1000w.

ANTMINER S7
Antminer S7: in 2015, when the ROI on bitcoin was lower and the difficulty in mining it was lower, this equipment was extremely valuable in mining and some people still prefer to use it. the hashrate of this equipment is 4.73TH/s and the power consumption is 1293w.

 

AVALON 6
The Avalon 6 is not as loud as as the typical miner and its hash rate is reasonable


ANTMINER S5
This miner is an excellent equipment for beginners who don’t have the courage to risk much yet. It produces loud sound and can get to really high temperatures.

USI Tech – This Says It All

USI Tech – This Says It All

USI Tech – This Says It All

I started with 15 packets and now i am up at 25 and growing automatically.
I am certainly looking forward to what the future holds with this company.

I am currently updating my experience thus far in another post on my site.

If you want more info please leave a comment below.
If you would like to JOIN USI TECH then Register Here (Its Free)

NOTE:
The above numbers are in relation to you JUST purchasing 17 Packets
worth $1020 and leaving your account alone running on 100% Rebuy
which basically puts it into a compounding state.

Top 10 Bitcoin Wallets For Beginners

Top 10 Bitcoin Wallets For Beginners

It’s important that you choose the right with coin wallet. Choosing the right wallet should not be taken lightly. After purchasing your Bitcoin, securing your Bitcoin is the second most important phase of being a “Bonafide” Bitcoin user. In securing your Bitcoin you must choose a wallet that is-

  1. Secure- Your wallet should be a HTTP or https function.
  2. Owning your Bitcoin – This part should not be overlooked. Obtaining private keys for your Bitcoin wallet means you are in control and have control over your Bitcoins.
  3. Multi Signature – One Secured wallet obtaining more than one key authorization for Bitcoin transaction, where it requires two persons with two different key authorization to open the box yes.
  4. Transparency – Before choosing a wallet research the site. Check online reviews and do a vulnerability check. Ensure the source code is not outdated, it should be up to date.
  5. User-friendly – Make sure the wallet is easy to use, wallets that are confusing can make you frustrated.
  6. Get it HD wallet – Wallets that are HD always uses new Bitcoin addresses. This increases your privacy.
  7. Anonymity – Protection, where little information is required app on registration, inquire about us.
  8. Backups for your wallet – This is very important., and if it is encrypted. Is the backup easy to use Etc.
  9. Is the one that used by many – Search forums for the top bitcoin wallets to see the reviews – if feedbacks are positive then you will have a clear understanding of which bitcoin wallet you should choose.

Now, here’s is a look of the top 10 Bitcoin wallets for beginners.

  1. Mycelium– One of the longest running wallets used widely on many platforms.
  2. Armory – This wallet is an advanced wallet but gives all the security needed. With many backups and many interceptions.
  3. Simple Bitcoin wallet – This wallet carries all the features you need in a safe, reliable, simple Bitcoin wallet.
  4. Bither– a very simple and secure wallet, which is used on many platforms. You have control over your money, with simplified validation and basic transparency. Runs and is secure environment with random numbers for users.
  5. Electrum. It gives you a total control over your money. Electrum is simple, transparent and offers a two-factor authentication.
  6. Counter wallet– This wallet is useful, it is non-technical and can trade any Bitcoin token.
  7. Coinbase- The biggest and most popular wallet brand. With a 100% safe reputation, ideal for newcomers.
  8. BTC– Another idea, wallet. As good as Coinbase and counter wallet. BTC gives you the privacy and can use downloadable wallets for Mobile on IOS and Android.
  9. Letter wallet- Gives you control over your money and a very secure environment. This wallet is trusted and advanced.
  10. Blockchain info– User-friendly hybrid wallet. The wallet stores an encrypted version. For security reasons, decryption happens and browser and gives you the option to use browser extension.
What Makes Bitcoin Valuable?

What Makes Bitcoin Valuable?

Most people wonder What Makes Bitcoin Valuable. For one, there’s a truly devoted following for the digital currency. It makes the headlines consistently and motivates numerous investors to consider turning part of their investment portfolio into digital currency. Yet, it does not enjoy any government or entity’s (like a bank) backing. This makes determining where its perceived value comes from somewhat hard.

Economics shows that the values of items are subjective. When people desire items for one reason or the other, they acquire an economic value. Currencies including crypto-currencies and other mediums of exchange like bitcoins serve various crucial economic functions. Therefore, if you want to know what makes bitcoins valuable, read on to discover some of the reasons.

Popularity

In a nutshell, people trade in and accept bitcoins primarily because they are quite popular and that popularity is progressively rising. They carry out transactions using bitcoins because other traders (and popular ones at that) are trading in and accepting them. There are so many people that accept and recognize bitcoins as a convenient currency for their transactions especially online.

Decentralization

Bitcoin is certainly limited and decentralized. This is the main feature that makes most people use bitcoins. It is a currency that’s quite hard for any government to trace and tax. Additionally, dissimilar to fiat money which is created by central banks, bitcoins have a total cap set on them. This limits the extent to which inflation can devalue the digital currency. Also, since it is not produced by any central bank, it can be mined by just anybody that is up to the task. USI-Tech is an example of such miners. It is a service that mines bitcoins and offers 1-2% returns to participants.

Investment and Equity 

This is another big one among what makes bitcoin valuable. Bitcoins function similar to investing in equities. Their market value has taken true wild swings of recent. What’s more, there is even a market cap that’s always in place for the bitcoin market.

Socializing

There seems to be the emergence of a social network of people that are related to the digital currency. Bitcoin is now something of a social network on its own. The community of particular individuals that deal in bitcoins in one way or the other is now quite active. In fact, the community now functions just like any of the other online social networking platforms. Just Google the keyword and you will certainly be amazed at the number of relevant results the search engine will return for you to sift through.

What Makes Bitcoin Valuable: The Last Reason

The last reason is basic economics (utility, supply, scarcity, and demand). Simply put, the currency is useful but scarce, so it must attain the value to demand a particular price, with every other thing remaining equal. The blend of the elements of utility and scarcity generates real value. And value is what determines a price based on the demand in the market and the quantity that is supplied.

So, there you have it. The answer to what makes bitcoin valuable. Anything that is quite useful but scarce, must certainly have the blend of those two features determining its value which in turn determines its price. Bitcoin is simultaneously scarce and useful, so demand and supply forces must make it valuable and pricey.

Mining Alt Vs Bitcoins Explained

Mining Alt Vs Bitcoins Explained

Bitcoins may be the most famous crypto-currency with a growing fan base and developed infrastructure. But there were about 710 other currencies out there in 2016. Even though some fell along the way, others seem to potentially challenge bitcoin’s reign. These alternatives (also called altcoins) have their own particular algorithms and characteristics. Darkcoin (now dash), was developed as a completely anonymous bitcoin version. For several industry commentators, altcoins also play a very important role in the world of crypto-currencies. This is as they inspire further decentralization, competition, and innovation. Here are some among the most famous altcoins.

Ripple

Also called XRP, this is the second largest digital currency taking market capitalization into account. Ripple labs built the currency and protocol as an alternative to the traditional modern banking system. It was created to be free of additional fees, human errors, and delay. Ripple is aiming to expand on what was started by bitcoin, by aiming to be above a simple digital currency. It is the first open transaction network in the world, serving shared transactions and accounts record of all kinds that are decentralized. By developing this global ledger, ripple does what the internet has done for every form of information, for money and currencies. Ripple brings the money history to full circle. It isn’t mined in the same way as bitcoins. Instead, it’s generated through a method called consensus, which needs ‘comparatively small computing power’.

Litecoin, another Bitcoin Alternative

This is among the first altcoins to be created. It has a varying hashing algorithm to bitcoin, and a unit is worth less than bitcoin does. This has proven to make the crypto-currency very popular. The altcoin was created in 2011, just two years after bitcoin was created, by a former Google employee. It was made to be a version of bitcoin that enjoyed more accessibility. Where just 21 million bitcoin has been earmarked to be created, 84 billion litecoin has been earmarked to be generated, making it a lot more lightweight and abundant.

Litecoin transactions are also significantly faster than those of bitcoins. But one con is that this altcoin is given to price swings that come at alarming levels. The alarming price swings have made enthusiasts become cautious with this one. In late November 2013, it jumped by 400% in just a single week for its value to peak at $40. But it has since slumped back slowly with its value currently remaining around $1.4.

BitShares

BitShares is a trading platform that uses a currency called BitAssets and operates on the peer-to-peer trading model. With BitShares, a firm can give up the regular Wall Street IPO and issue shares in the form of digital tokens instead. These crypto-tokens, which could be available in various currencies like BitEuro and BitUSD, can then be traded on the Bitshares trading platform. BitShares provide traders with the opportunity to transact in the value of their favorite commodity or currency without relinquishing the convenience and privacy of the blockchains. For users in general, the altcoins offer daily interest rates that surpass or rival majority of savings banks.

The normal question that brings the comparison between altcoins and bitcoins is whether bitcoins are still profitable. It’s a matter of taking several figures and deciding on your break-even point, that way, you will know whether its altcoins or bitcoins that is better for you.

How to Get Started With Bitcoin Mining

How to Get Started With Bitcoin Mining

The internet has brought unlimited business opportunities which you can start easily and manage from the convenience of your home. One among such businesses that only requires a PC and internet connection is bitcoin mining. There are basically two options for you if you desire to become a bitcoin miner. You can either join a pool for quick returns, or mine bitcoin blocks from your PC for long-term returns. Here are surefire tips to get you started when you decide to start mining bitcoins.

Acquire All the Information You Can
Mining bitcoins is not a subject that’s popular. So if you are interested, then you should first consider spending some time to read up all that you are able to lay your hands on, concerning the crypto-currency and how it functions first. The internet is the first and major source to begin studying the subject. Therefore, you should go online, search and discover every relevant topic and resource that discusses how to mine bitcoins. You should also not forget to get an internet-connected PC and mining Software. These are the basic tools you will need to begin mining bitcoins.

Get an Online Wallet
If you desire to begin mining bitcoins, you must have an online wallet to store your bitcoins in. There are several options you can choose from. The rule of thumb is that you go for an option that enables you to buy, save, accept and also utilize bitcoins. Your wallet must allow you to accept the crypto-currency as a means of payment when you sell products or services.

Find a Reliable Mining Pool and Join
You can either mine bitcoins on your own or join a mining pool. Your best option for getting quick returns on your investment is joining a mining pool. You are expected to search out a reliable online pool to join. USI-Tech is one of the most reliable options you can get for this. It’s a service that mines bitcoins and even offer 1-2% returns. Ensuring that you choose such reliable options like USI is a major factor that determines your success or lack thereof.

Connect Your Wallet to Your Bitcoins Mining Pool Account

Once you have joined the mining pool of your choice successfully, then your next step is also very important. You should register and connect your wallet address to your bitcoins mining pool’s account. The process for doing this is quite easy and it’s something you can do without any stress or assistance.

Launch Out and Begin Mining
Once you’ve successfully joined a mining pool, put your online wallet and all other requirements in place, then, you can begin to mine bitcoins. If the mining pool you joined has a demo session and you have started out by practicing with it, then you are very likely to not encounter even a single challenge when you begin the real thing and start to really mine real bitcoins.

You will have to be a bit persistent to be successful in the crypto-currency mining business. As bitcoins become more challenging to mine, the hardware needed to discover bitcoins becomes progressively more expensive. The only solution then becomes joining reliable and trustworthy pools like USI-Tech.

Bitcoin Mining – How USI Tech Works

Bitcoin Mining – How USI Tech Works

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