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Digicoin

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Everything posted by Digicoin

  1. The best desktop wallets that I know are not many and they are: Electrum Bitcoin core Exodus Copay Arrmony. To me, electrum and bitcoin core are still the best but the other three are also best but not like electrum.
  2. BitPay exec: “Something unforeseen” to push Bitcoin over $20,000 in 2020 https://cointelegraph.com/news/bitcoin-breakout-hopes-telegram-trial-binance-donation-hodlers-digest-jan-612 What do you think about this. Can bitcoin price cross over $12,000 and later get over 20,000 this year 2020?
  3. Yobit ICO is not ICO but IEO and makes it less risky and advisable to invest in. Yobit have good plans and the IEO will become successful. What' your opinion.
  4. There is a large selection of Android wallets. Since Bitcoin wallets were originally banned by Apple, developers spent much of their time developing for Android. Samourai Wallet Samourai is 100% the best available Android wallet. It has the most features, the best privacy and its developers are constantly working to add the latest Bitcoin features to the wallet. Samourai Wallet has been around for more than 3 years and its code is fully open source. Mycelium Mycelium is the most popular Bitcoin wallet on Android. It's very easy to use for sending and receiving payments. Backing up your wallet is also simple, since Mycelium makes it very clear with setup and backup instructions. Breadwallet Breadwallet, the great iPhone Bitcoin wallet, recently released an Android wallet. It offers the user control of private keys, an easy to use interface, and passcode support. Edge Edge is an easy to use Bitcoin wallet for iPhone and Android. Its familiar login feature makes using the app a breeze for people new to bitcoin. The wallet also creates automatic backups, so you don't have to worry about the technicalities of performing manual wallet backups. GreenBits GreenBits is the native Android version of GreenAddress. It’s a multi-signature wallet that also supports hardware wallets like TREZOR and Ledger. Bitcoin Wallet Bitcoin Wallet, or “Schildbach Wallet”, was the first mobile Bitcoin wallet. Bitcoin Wallet is more secure than most mobile Bitcoin wallets, because it connects directly to the Bitcoin network. Bitcoin Wallet has a simple interface and just the right amount of features, making it a great wallet and a great educational tool for Bitcoin beginners. https://www.buybitcoinworldwide.com/wallets/
  5. Ledger Nano X is a secure storage for any cryptocurrency. It is the newest crypto hardware wallet, and is very easy to use. You can connects to iPhone, ipad, Android and laptops. This the best wallet to me. Which one is best offline wallet?
  6. Generate your private keys in a secure, offline environment Except if using little amounts, in which cases keys may be created in a hot wallet but otherwise offline wallet it better and the safest. Create backups of your private keys This helps to protect against the loss of your bitcoin due to hard drive failure. Encrypt wallets to provide additional security This helps prevent the physical theft of your funds in the event that your device or hardware wallet is stolen.
  7. The type of wallet you want This factor comes down to personal preference. For example, if security is your number one priority, then, hardware wallets should be in your mind. But if you want a convenient access your coins, a mobile or web wallet may be your preferred choice. Ease of use Sending, receiving and storing cryptocurrency can be complicated and confusing, particularly for beginners. Your wallet should suit your tech knowledge and crypto experience. While crypto novices might focus on finding a wallet that’s simple to set up and use, experienced holders might look for advanced features, like an in-wallet exchange and multisignature transactions. Security features Find out what security features the wallet includes, such as two-factor authentication and multisig functionality. Will your private key be stored online or offline? Has the wallet ever suffered security breaches? Other features. Does your wallet include the ability to exchange among currencies in your wallet or provide easy access to live fiat exchange rates or other market information. Reputation What level of community trust does the wallet have? Check out independent online reviews to gauge how other users rate the wallet and whether they’d recommend it. Supported cryptocurrencies. Are you looking for a wallet that stores just one crypto, like bitcoin, or are you in the market for a multicurrency wallet? Make sure the wallet you choose is compatible with the cryptocurrencies you need to store, and remember that some coins and tokens can only be held in an official wallet. The team behind the wallet See what you can find about how long the company’s been in business. What qualifications do they have? Are they continually working to upgrade and improve the wallet? Costs While most crypto wallets are free, choosing a hardware wallet means parting with some cash. Consider the price and shipping costs when making your decision. Some wallets also charge a fee for every transaction you make.
  8. Is this browser mining profitable? Have you withdraw from the site before? What are the merits and demerits of using the site?
  9. 1. Having multiple accounts. All the accounts will be banned at once. 2. Beginners writing useless contents. The account could be suspended indefinitely or for months. I think. 3. Beginners not posting the first time at all. The account can be banned. You need to post the very time you create account. After posting some meaningful contents you will not be banned. 4. Beginners copying and pasting i.e spamming. The account can be banned or suspended indefinitely. I think. 5. Lately, if two or more cryptotalk members are using the same modem, router or device to connect, their accounts would be banned at once. So, we only welcome newbies that are ready to post or start meaningful and constructive contents.
  10. I want to know if there is any online wallet that been compromised before. So, that we can know maybe online wallets is actually better than exchanges for safe keeping Crypto.
  11. To my understanding. Ripple is a stable coin and not like bitcoin and unstable altcoin. We said halving will trend bitcoin price up while altcoin would follow. What about Stablecoin like Ripple? To me, I always think it is not good to invest in ripple because it is a stablecoin. What's your say on this?
  12. Bitcoin price always go up following halving, but, it depends on the supply and demand ratio. Based on history bitcoin price increment is highly likely. What do you think?
  13. I guess yes, but, I may be wrong. I said so because there would be no other source of reward than the transaction fee. You about you people. What do you think?
  14. People do ask what would happen to miners after the whole bitcoin has been mined? After the last halving, miners will stop receiving block rewards. The second source of revenue for miners is transaction fees. This will be the only sources of reward for miners.
  15. As a professional trader, what trading type do you prefer and give reasons.
  16. Bitcoin mining profitability explained. If you want to mine, then research and do this calculation to know if mining is profitable for you. 1. Difficulty Factor 12973235968800 2. Hash Rate (in mega, giga, tera or pico hash per seconds) Hardware with 50 TH/s can cost around $19,000 to $20,000 3. Mining Reward for solo mining (Not reccomemded) 12.5 bitcoin per one task * Mining Reward for pool mining (Reccomemded) 0.002 per day 4. Pool Fees (Reccomemded) 0.3% (it varies) 5. Hardware Cost: $19,000 - $20,000 6. Power used by Hardware It depends. Ranging from 2,100 to 2790 watts. 7. Power (Electricity Cost) It depends. Calculate it from number 6 In my country, after I calculate the electricity aspect, and if I am paying 3% mining pool fee. I will be able to mine 0.002 bitcoin. That will talk me 1 year and 7 months to mine 1 bitcoin. Mining is not that profitable again but with time and dedication, someone will benefit from it. This could take you more than four years before you earn back your starting capital, and after, you will continue to enjoy mining. I can not advice someone to mine because the people join in mining the harder the algorithm and the less the profit. For solo mining, you may not even get a profit at all because pool mining are the one that will be getting the reward because it consist of plenty miners joined together.
  17. Promon security researchers have uncovered a vulnerability that could allow cybercriminals to access private data on any Android phone. https://cointelegraph.com/news/report-android-vulnerability-allows-hackers-to-steal-crypto-wallet-info
  18. There are many 2 factor authenticators online. Which one is the safest? 1. Google 2 factor authenticator 2. Microsoft 2 factor authenticator 3. And many others (you can tell us if you consider any as the best)
  19. The Monero (XMR) network has been successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. On Nov. 30, the Monero community workgroup did a live streamon YouTube in which the upgrade took place at around the 58 minute mark. The new upgrade also introduced proof-of-work (PoW) algorithm, RandomX, which uses random code execution together with memory-focussed techniques to be resistant to application-specific integrated circuits (ASIC) — devices optimized for professional mining operations. The upgrade is also reportedly optimized for general-purpose central processing units (CPU) in order to make the network more decentralized. As a result, those who wish to use graphics processing units (GPU) to mine Monero might find it more difficult to do so. https://cointelegraph.com/news/monero-implements-hard-fork-including-new-asic-resistant-mining-algorithm
  20. I like sport bet a lot. I just want to know how I can make more profit from sport bets. Please, do not say anything negative, I would like positive opinions.
  21. There all total 21 million bitcoin and all bitcoin would be mined around 2140. What will happen to mining? Would it still exists? Do not forget that transaction fees are paid also to miners including the mined 12.5 bitcoin. At the time, there would be no more mined bitcoin but miners would profit from the transaction fees which might be higher
  22. Some mobile apps claim to mine Bitcoin on your phone. This is true, but, due to the low processing power phones have compared to ASIC miners, you will end up draining your phone’s battery much faster and make a very small fraction of bitcoin in return. The apps that allow this act as mining pools for mobile phones and distribute earnings according to how much work was done by each phone. Mobile mining is not good and profitable because, it can drain your phone battery fast and it is not profitable at all.
  23. When Bitcoin first started, there were not a lot of miners. Satoshi and his friend Hal Finney were a couple of the only people mining Bitcoin back at the time with their own personal computers (CPU mining) Using your CPU was enough for mining bitcoin in 2009, since mining difficulty was low. As Bitcoin started to catch on, people looked for more powerful mining solutions. Gradually, people moved to GPU mining. A GPU (graphics processing unit) is a special component added to computers to carry out more complex calculations. GPUs were originally intended to allow gamers to run computer games with intense graphics requirement. The mining power of one GPU equals that of around 30 CPUs. Another evolution came later on with Field-programmable gate array (FPGA) mining. FPGA is a piece of hardware that can be connected to a computer in order to run a set of calculations. They are just like GPUs but 3–100 times faster. Finally, around 2013, a new breed of miner was introduced Application Specific Integrated Circuit (ASIC), and these were pieces of hardware manufactured solely for the purpose of mining Bitcoin.
  24. Bitcoin transactions can be tracked through block explorers and services offered by some crypto exchanges. Blockchain offers great levels of transparency. You can search for information based on particular Bitcoin addresses, block numbers and transaction hashes. In the dreaded scenario that crypto has been sent by mistake, you will have the opportunity to find out which address received it. But, unfortunately, however, this is by no means a guarantee that you will get your crypto back. When you are using a crypto exchange, transaction trackers can help you to double-check whether their trading platform is operating normally, and how long a transaction may take to finalize. This can provide valuable information in advance of a payment being made, as long delays may mean you choose to rely on a different provider instead. It is possible that relying on some of these trackers can help you to be better prepared from a tax perspective too, and easily assess how your crypto portfolio has been performing.
  25. Can doge coin hit $1 in future? I have friends telling me to invest in doge but I see it as a waste of money because I do not think it can productive for me any time soon. I mainly invest in bitcoin and to an extent ethereum too. Are my friend right about this high supply currency (doge)?
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