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sid021sp

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  • Username
    sid021sp
  • Wagered (BTC)
    0.01199233
  • Wagered (ETH)
    0.12521715
  • Wagered (LTC)
    0.17292814
  • Wagered (BCH)
    0.00000100
  • Wagered (DOGE)
    49.45190

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  1. sid021sp

    Your thoughts on the New Stake update?

    Rain should equally between all chaters not random 10 peoples .
  2. It should go over 8K $ . Hope it goes to 19k $ again .
  3. Crypto currency have both merits and demerits , So understaning the crypto technology is great .
  4. sid021sp

    Ghost Mode nice little touch

    nice feature added !
  5. We all like to win at least a bitcoin. One bitcoin sure is a lot of money with the current exchange price roughly at around 7,300 USD. Lets suppose you get lucky and you have won one bitcoin from here. What would you do with that amount of bitcoin? Depending on where you live in this amount can be a lot or not so much. But still its not a small amount of money no matter where are you from. Would it have any impact on your current lifestyle or it would be the same? I am living in India. Here 1 bitcoin is roughly worth around at the current exchange rate 5,19,000 INR. Most people here make less than that in a year. So its a good amount of money here and surely you can do a lot from it if you spend it wisely. Would you leave it here and try to win more or cash out? Once a gambler always a gambler. You might heard of this from somewhere. No matter how much we win, we always like to win more. Definitely some will leave it here and try to make it to even more than just one bitcoin. Leaving everything aside it would surely be a dream come true just to win one bitcoin. So What would you do if you win one bitcoin? Try to Win More or Cash Out & Enjoy. If you ask me what I will do? I will definitely try to win more and cash out some. Will preferably do like a 50-50 split.
  6. I dont use mining apps on mobile , but i used some apps they claim to pay btc for watching ads . But I don't think they are legit apps .
  7. The cryptocurrency market has now been in a bear cycle for more than two-thirds of the past year, and, as August prepares to roll in September, predictions from past months that the bitcoin price would test its all-time high in 2018 appear less and less likely. However, even after this prolonged decline, Litecoin creator Charlie Lee says that the flagship cryptocurrency is still a good buy. Speaking with CNBC, Lee said that the dropoff in prices has created an excellent investment opportunity for long-term bulls who have cash-in-hand that they can afford to lose. “It’s always good to buy on the way down to dollar-cost average your buy-in,” he said. “As long as you don’t spend money that you can’t afford to lose, I think that’s fine. The former Google and Coinbase engineer cautioned against using borrowed funds to invest in bitcoin, a practice that became disturbingly common during last year’s fevered Q4 rally, noting that it’s incredibly difficult to predict short-term price movements and bear markets can in some cases endure for years. He said: Lee further noted that, at present, cryptocurrency prices primarily reflect speculative interest, not actual consumer adoption. “It’s all about speculation these days, but, in the future, the price will reflect the success of the currencies,” he said, adding that there has been quite a bit of adoption this year even as prices have waned. However, when asked if he would be buying back into litecoin (he sold all his LTC back in December, citing a conflict of interest in having the ability to swap price movements with his public statements), Lee said no: “I sold because of conflict of interest, so I’m not going to buy my litecoins back anytime soon — or at all.” Source :- https://www.ccn.com/litecoin-creator-charlie-lee-recommends-buying-bitcoin-in-bear-market/
  8. sid021sp

    A random auto bet on Mines?

    Take my words if you dont press max , hillo is best game on stake.com .
  9. sid021sp

    From faucet to withdraw

    it is not impossible but max button can kill us , i made faucet to 0.0004 btc then max button busted me .
  10. Many players playing on crypto gambling sites have the common belief that randomizing seeds will solve all the problems. Here is a simple reference hope it clears all your doubts. Lets suppose, you are playing on 1% chance and you have 1000 reds in a row, and you randomize your seed. After this what is the guarantee that you will not have another 1000 reds in a row on the new seed. The seeds and the Random Number Generator (RNG) are very similar to a physical dice. When you're trying to throw exactly 6. You can throw less than 6, 100 times in a row using the dice you have right now. Would switching to another new dice will ensure that you throw a 6 within the next 100 rolls? - No, it has no effect on the outcome at all. Using another totally different dice you still have the same chance of throwing a 6 just like on the other dice that you tried before and got no luck on even after several attempts. Another new dice does not ensure that you get 6 within the next 100 rolls. Your odds to win always remain the same. When you are playing on any chance to win, you ALWAYS have that chance to win on all your bets. Your first bet, you have that chance to win and the same goes for other bets too after that. Wining or losing does not change anything you will always have the same chance of winning on all your bets. Winning 100 bets in a row on the same seed, does not change anything for the next roll you still have the same chance to win on the next bet. If you have lost several bets in a row, used multiple seeds, switched high/low, made a deal with the devil and prayed non stop for a year to make you win, your winning chance on the next bet will never change. The provably fair RNG and the seeds have nothing to do with your luck or your odds. They are there to maintain transparency between the player and the gambling site. Players can know if a site is cheating and this ensures that the site does not cheat. Hope it clears all your doubts regarding randomizing seed and you will never rely on randomizing seeds for better luck next time. If you are not winning on a particular winning chance change it try on a new one. Do not lose all your balance just trying to hit a win on that winning chance.
  11. sid021sp

    BCH/USD Reverses Sharply Below $540

    Key Points Bitcoin cash price failed to hold gains above $540 and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair declined heavily and retested the $500 and $510 support levels where buyers emerged. Bitcoin cash price formed a top near the $575 level and declined against the US Dollar. BCH/USD is holding the $500 support, but it remains at risk of more losses. Bitcoin Cash Price Decline Yesterday, we saw a sharp upward move above the $550 level in bitcoin cash price against the US Dollar. However, the BCH/USD pair failed to stay above the $560 level, formed a top at $574, and later declined sharply. There was a sharp downside move and the price declined back below the $550 level. There was also a close below the $550 support and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support at $530 on the hourly chart of the BCH/USD pair. The pair also traded below the $520 support and declined towards $500. A low was formed at $509 and the price is currently consolidating losses. It is testing the 23.6% Fib retracement level of the last drop from the $574 high to $509 low. Above the $525 resistance, the price could trade towards the $540 resistance. It now represents the 50% Fib retracement level of the last drop from the $574 high to $509 low. Moreover, the 100 hourly simple moving average is also positioned near the $545 level to prevent gains. Looking at the chart, BCH price is back to where it started around $500. Should there be a break below $500, the price may perhaps decline to $480. Looking at the technical indicators: Hourly MACD – The MACD for BCH/USD is slightly placed in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently well below the 50 level. Major Support Level – $500 Major Resistance Level – $540
  12. sid021sp

    How many times you visit the site ?

    I am at 4-5 sites for crypto gambling . Whenever I bust on one site change site till another bust . So I can say whole day I play here .
  13. August 13: Crypto markets have today failed to sustain their short-lived recovery, with Ethereum(ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin360 data shows. Bitcoin (BTC) is seeing only minor losses on the day. Market visualization from Coin360 Ethereum (ETH) is currently trading at $288, down a stark 9.77 percent on the day. Having traded sideways most of the day to hold close to the $320 mark, the top altcoin saw a vertiginous plummet in the two three hours up to press time. Ethereum’s losses on its daily chart are the most severe among the top ten cryptos on CoinMarketCap’s listings. On the week, the leading altcoin’s losses are over 28 percent, with monthly losses pushing 33 percent. Ethereum is currently trading at an 9-month price low, hitting below the $300 price point last in early November. Ethereum’s 1-year price chart. Source: Cointelegraph Ethereum Price Index Bloomberg analysts today explained the drop in Ethereum’s price being due to “pressure from ICOs cashing out,” pointing out that Ethereum is the “most popular” platform on which blockchain startups build and raise funds. Bitcoin (BTC) on the other hand is down a negligible 1.6 percent on the day, trading at around $6,224 at press time, according to Cointelegraph’s Bitcoin price index. During earlier trading hours today, the asset made a fresh attempt at breaking through the $6,500 resistance, but slid downwards, losing around $200 within 6 hours. While at this granular resolution, Bitcoin’s fluctuations may appear significant, the coin is in fact almost exactly where it was a month ago. Weekly losses however remain at around 9 percent –– just last week on August 7, Bitcoin was trading above the $7,000 mark. Bitcoin’s 1-month price chart. Source: Cointelegraph Bitcoin Price Index Almost all of the other top ten coins on CoinMarketCap’s listings are seeing significant losses between 4 and 8 percent, with the exception of Stellar (XLM), which is up a solid 2.25 percent to trade at $0.23 at press time. Stellar has now virtually closed its losses on its weekly XLM/USD chart. Stellar’s 7-day price chart. Source: CoinMarketCap Among the top twenty coins by market cap, IOTA (MIOTA), ranked 12th, has seen as significant losses on the day as Ethereum, down 10.61 percent at press time. The altcoin’s tumble has –– like Ethereum’s –– accelerated in the past few hours up to press time. IOTA’s 24-hour price chart. Source: CoinMarketCap TRON (TRX), ranked 11th, and Neo, ranked 15th, are both seeing losses between 9 and 11 percent. Tezos (XTZ), ranked 18th, has seen something of a bloodbath, plummeting almost 19 percent on the day to trade at $1.23 –– again, losses were intensified in the past few hours before press time. Bitcoin (BTC) dominance –– or the percentage of total crypto market cap that is Bitcoin’s –– has broken to a new 2018 record level, soaring on the day to 52.7 percent. BTC dominance has been on the rise as of mid-May. 1-year chart of cryptocurrencies by dominance. Source CoinMarketCap Total market capitalization of all cryptocurrencies is around $205.5 billion at press time, still close to its lowest levels on the three-month chart, which it hit Saturday, August 10, around $207 billion. 3-month chart of the total market capitalization of all cryptocurrencies from CoinMarketCap With Bitcoin seeing markedly more resilience than other major crypto assets, mainstream media today made a further positive comparison with the mainstream financial sector: in the midst of the unravelling currency crisis in Turkey, Bloomberg today noted that “The 10-day swings in the lira relative to the U.S. dollar now exceed those for Bitcoin amid Turkey’s escalating currency crisis.” Meanwhile, as an in-depth Cointelegraph analysis suggested today, the entire crypto market has been absorbing the impact of the U.S. Securities and Exchange Commission (SEC) postponing its decision on the listing and trading of a high-profile Bitcoin ETF until late September. The ramifications have apparently dented Bitcoin and suppressed its recent value, but as the market picture suggests, they have also extended to the wider space. Source : https://cointelegraph.com/news/hong-kong-university-receives-20-mln-research-grant-for-payment-systems-blockchain
  14. While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC. In this guide, we'll take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment. For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt. Row of Gridseed litecoin miners set up. Copyright: Arina P Habich ( https://www.shutterstock.com/image-photo/row-litecoin-miners-set-on-wired-211128997 ) Scrypt tends to be the more memory intensive of the two – however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with – yet. Perhaps surprisingly, it's still possible to use just your computer's CPU to mine some of the digital currencies. This holds true, even if you have only a laptop with integrated graphics; though this may not prove terribly effective and is not a set-up we would recommend. Wallets at the ready Before you start mining, you will need a wallet to keep your hard-earned coins in (see our guide to storing bitcoin). A good option is to head to the homepage of the currency you intend to mine and seek out the download link for the default wallet app. If you would like to do more research into litecoin specifically, we have a guide on how to get started. If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit. The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while the coin's entire block chain downloads. Wow. Much Wallet (This is DogeCoin's Wallet) The need for speed Unless you possess specific mining hardware, there are two ways to mine cryptocurrencies: with your central processing unit (CPU) or with your graphics processing unit (GPU) – the latter being sited, of course, on your graphics card. Of the two, a GPU offers far better performance for the cryptographic calculations required. However, if you are making your first foray into mining and don't possess a souped-up gaming computer – a laptop with Intel integrated graphics, perhaps – it will still be possible to mine those altcoins, but at a far slower rate. The catch with GPU mining is that it requires a dedicated graphics processor, such as you may have fitted inside your desktop PC – the Intel integrated graphics cards found in most laptops are just not suitable for the task. To keep speeds up to a respectable level, most altcoin miners build dedicated machines using motherboards that can house multiple graphics cards, usually via riser cables. Be aware, too, that mining digital coins is very system intensive and can reduce the lifespan of your electronic components. It's a good idea to make sure you have adequate cooling in place, keep an eye on those temperatures and keep hold of any warranties – just in case. Solo, or with the crowd? Mining can either be a solitary venture or you can join a mining 'pool', where a number of people combine their processing resources and all take a share of the rewards. It can be helpful to think of mining pools as joining a lottery syndicate – the pros and cons are exactly the same. Going solo means you get to keep the full rewards of your efforts, but accepting reduced odds of being successful. Conversely, joining a pool means that the members, as a whole, will have a much larger chance of solving a block, but the reward will be split between all pool members, based on the number of 'shares' earned. If you are thinking of going it alone, it's worth noting that configuring your software for solo mining can be more complicated than with a pool, and beginners would probably be better off taking the latter route. This option also creates a steadier stream of income, even if each payment is modest compared to the full block reward. Deciding which altcoin to mine will be something else to bear in mind, however, some pools, such as Multipool, manage this for you and switch coins based on profitability. Installing your CPU miner A handy piece of software called cpuminer is the easiest way to start mining, but does require the ability to use the command line on your computer. The program can be downloaded from SourceForge and is available for Windows (32 and 64 bit), OS X and Linux. For the purposes of this guide, though, we are making the assumption that you are using the Windows OS. First, download the appropriate file for your operating system. The zip file can be extracted to anywhere on your hard drive, as long as you remember where it went. A good idea would be to create a 'cpuminer' folder on your desktop. Writing your script So, how to set up cpuminer with the parameters needed for your mining pool? Well, it's usually simplest to write a one-line script (known as a 'batch file' in Windows) to launch the miner with the correct instructions. To do this you will need the following: The full path of the directory in which the mining program ("minerd.exe") is stored (eg: "C:\cpu-miner-pooler"). The 'stratum' URL of your mining pool server (eg: "stratum+tcp://pool.d2.cc"). The port number of your mining server (eg: "3333"). Your mining pool username (eg: "username"). Your worker name or number (eg: "1"). Your worker password (eg: "x"). Now, open Notepad or your preferred text editor. Do not, however, use a word processor such as MS Word. Next, enter the script using the following formula (note that this method assumes you are mining a currency that uses the scrypt algorithm): start "path" minerd.exe - -url URL:PORT –a scrypt - - userpass USERNAME.WORKER:PASSWORD So, using the example details above, you would have produced the following text: start "C:\cpu-miner-pooler" minerd.exe --url stratum+tcp://pool.d2.cc:3333 -a scrypt --userpass username.1:x Save this file with a ".bat" extension; for example: "my-mining-profile.bat". Once the batch file is saved, double click it to activate the miner program. Your mining pool will most likely have a web-based interface and, within a few minutes, the website should show that your mining worker is active. Now that you know how to mine with the CPU, let's have a look at using your GPU. Setting up your GPU miner For those that intend to mine with GPUs, or USB mining devices, cgminer is the program to use and can be downloaded from the developer's website – unless, that is, you're a Mac user, in which case you will find some unofficial binaries here. Versions of cgminer following version 3.72 do not support scrypt mining, and support for GPUs was removed in version 3.82. Therefore, the latest version isn't necessarily the one to download. Instead, seek out the version appropriate for your needs. Again, in this example, we are making the assumption that you are using the Windows OS. However, if you are using Linux or OS X, the command line arguments (ie: the parameters) are the same. Furthermore, the instructions below once again assume you will be mining a scrypt currency. Extract the software into a folder that can easily be found, eg: "c:\cgminer\". Before going any further, make sure that your graphics drivers are up to date. Next, press the Windows key together with the "R" key, type in "cmd", and press "enter". This will open the command terminal. Use the "cd" command to change the directory to the one housing the cgminer zip file. Then, type in "cgminer.exe –n". This will list all recognised devices on your PC. If your graphics card is detected, you should be good to go. If not, you'll have research the steps required to properly set up your specific graphics card. You will now need your mining pool details, just as with the CPU mining section above: The full path of the directory in which the mining program ("minerd.exe") is stored (eg: "C:\cpu-miner-pooler"). The 'stratum' URL of your mining pool server (eg: "stratum+tcp://pool.d2.cc"). The port number of your mining server (eg: "3333"). Your mining pool username (eg: "username"). Your worker name or number (eg: "1"). Your worker password (eg: "x"). Now we'll make a batch file again, in order to start cgminer up with the correct parameters. In this case, the command structure is: Start "path" cgminer -- scrypt -o URL:PORT -u USERNAME.WORKER -p PASSWORD For example, Start "C:\cgminer\" -- scrypt –o stratum+tcp://pool.d2.cc:3333 --userpass username.1:x Watching your miner Now the mining software of choice is set up, you will see various statistics scrolling across your command line terminal. If you are using cgminer, you will see more information than you would with cpuminer. In the case of the former, you will see information about the currency and the mining pool, as well as about your mining hardware. If you're running cpuminer, you will only see references to blocks that your PC has solved; although, it does, at least, show your hashing speed. Maximising your power Good news for miners who own PCs with dedicated graphics cards: it is possible to run both cpuminer and cgminer at the same time. To make this possible, add a "-- threads n" argument to the minerd command. Here, "n" stands for the number of CPU cores that you wish to employ for mining. Remember to leave one or two cores free to control your GPUs, though. Setting minerd to use all CPU cores will mean that the CPU will be too busy to send data to the GPU for processing. For example, if you have a quad core CPU, try setting the "--threads" argument to "2" or "3". Mining with both GPU and CPU concurrently reveals just how much better GPUs are at mining than the CPU. Compare the hash rates shown in the terminal windows for each of your mining programs and you should see at least a five-times difference in hashing speed. Source : https://www.coindesk.com/information/how-to-mine-litecoin/
  15. Hello and welcome to this Verge vs Monero guide. I’ve put it together to introduce some of the fundamental concepts about these two interesting, privacy-focused cryptocurrencies. In this Monero vs Verge coin review, I’ll cover the basics of Verge vs Monero and how each of these cryptocurrencies achieve privacy. I’ll explain the reasons why privacy-focused currencies might be important and why each of these currencies has been adopted for different uses. We’ll then discuss the speed of both the Monero and Verge blockchains, and how each currency plans to scale to meet potential future demand. We’ll cover the teams behind each of the projects, the history behind them and also some market price analysis. So, by the end of this Verge vs Monero coin review, you’ll have a much better understanding about both Monero and Verge. You should then be able to tell which you would want to use or invest in. There’s loads to get through in this Verge vs Monero guide, so let’s begin already! Monero vs Verge: The Basics Monero Monero was originally created in 2014. The first version of the currency was called BitMonero. However, this was shortened to simply Monero early on. Monero uses the same code base as another cryptocurrency called Bytecoin. However, there are a few differences. The original decision was made to fork Monero from Bytecoin because of some controversy surrounding the original distribution of Bytecoin. It was discovered that around 80% of the total supply of Bytecoin had already been mined when it was launched. Many in the cryptocurrency community disagreed with this. Therefore, it was decided to fork Bytecoin to form Monero. Unlike Bitcoin, Monero uses the CryptoNote protocol. CryptoNote is a different mining algorithm to Bitcoin’s SHA-256 algorithm. Don’t worry if you don’t know what these are, it’s not important to have a good knowledge of these terms to be able to use Monero! Like Bitcoin, Monero is a proof-of-work cryptocurrency. This means that computational power is needed to verify transactions on the network. The computer systems providing this power are known as miners. However, unlike Bitcoin it’s still possible to mine Monero using regular computers (with a CPU) or high-end gaming machines (using a GPU). To learn more about Monero, follow my guide here. Verge Verge was first launched in 2014. It’s a decentralised and open-source cryptocurrency. Like Monero, its purpose is to provide private transactions for its users. It was originally called DogeCoinDark. However, it changed name to Verge in 2016. Verge shares a lot of the same coding as Dogecoin. However, the development team claim that it is not based on the original “meme-coin”. There is a lot of dispute within the cryptocurrency community about this. There is a massive maximum supply of 16.5 billion Verge coins that will ever be mined. This is considerably more than many other cryptocurrency projects. That’s why the price is so low and has never reached even a single dollar. Like Monero, Verge is a proof-of-work coin. However, it uses five different mining algorithms. The idea behind this is to increase decentralisation on the network. By using so many different algorithms, many different units can successfully mine Verge. The more miners there are on a blockchain, the more secure it should be! Curious to learn more about Verge? Privacy in Verge vs Monero Verge vs Monero, which is the most private? Well, both achieve their privacy in different ways. For its privacy, Monero uses a combination of cryptographic protocols. These are called ring signatures and the CryptoNote algorithm. Now, unless you’re good at programming (and let’s face it, if you’re reading this article, you’re probably not), you’re going to struggle to understand exactly how each of these works. Don’t worry, instead of confusing the pants off you, I’ll simplify it for you. The Monero network essentially groups transactions together. It then sends the correct amount of Monero to receiving addresses from this group. This means that no one can tell exactly who sent what to who. Meanwhile, Verge’s privacy is achieved in a completely different way. It has two different ledgers: a public one and a private one. Transactions made using the public ledger are visible for anyone to see. However, the tool that makes it possible to browse the dark web in secret (Tor), along with an anonymous network layer, hides the IP addresses and locations of those who make transactions. This is how Verge’s private ledger works. It behaves more like Monero’s in that no one can see any of the transactions occurring on it. Why Go Anonymous Anyway? There are many reasons why someone would want to transact anonymously. Some of them are morally questionable and others less so. Let’s look at the most common: Firstly, there is the dark web use case that Bitcoin became famous for in its early existence. However, not all the people that use the dark web do so to buy substances and items to use for self-serving reasons. For example, people who live in parts of the world where medicinal cannabis is illegal can use the dark web to get access to life saving treatments. In the UK, high strength cannabis oil used to treat cancers, epilepsy, and a range of other conditions is almost impossible to get hold of. However, thanks to the dark web, patients can self-medicate, and parents of sick children have a chance to treat their kids without having to meet dangerous dealers in the streets. Another use case that is emerging for anonymous cryptocurrencies is cybercrime. One attack that uses anonymous payments is ransomware. Ransomware involves encrypting the data on a computer system. This is done with a piece of software downloaded onto the system. The attacker requests a payment be made to unencrypt the data. Of course, if you can take payment in an anonymous currency, your chances of being caught performing such a criminal act are lower. A very different use for private currencies involves people of certain lifestyles or sexualities. If they were born in some nations, the punishments for being gay, for example, might be severe. This could make a person want to flee the country or seek services to meet people in similar situations. With the penalties being so stiff, it’s understandable that they might want to pay for such services using an anonymous currency. Adoption Now that I’ve explained some of the reasons why someone might want to use an anonymous currency in the first place, it’s time in this Verge vs Monero guide to look at how each of these currencies is currently being adopted. Interestingly, despite their similar properties, Monero and Verge’s adoption have been rather different from one another. Monero The first and most obvious use case of Monero is on the dark web. Of the many different anonymous cryptocurrencies, Verge included, Monero seems to be the one most used on the dark web. It is quickly taking over Bitcoin as the currency of choice on various hidden marketplaces. Another use case that Monero has found is to evade economic sanctions imposed on certain countries by others. The likes of North Korea have previously hacked various cryptocurrency exchanges. They then convert the stolen money into Monero. This means that it can be moved around and used to pay for goods and services on global black markets. By moving money using an anonymous currency, it’s impossible for the US and other world powers to limit their activity by denying financial services or trading with them. Monero also seems to be becoming the preferred currency for those wishing to perform the kind of attacks that I mentioned in the previous section. Those behind such cybercriminal acts are moving quickly from Bitcoin to Monero thanks to its enhanced privacy functions. In-Browser Mining and Crypto-Jacking A final use case that Monero has found can be both a positive and negative one. Since Monero can be easily mined using both CPUs and GPUs, it has become a clear choice for what is known as in-browser mining. In-browser mining is cryptocurrency mining that is done from within a user’s internet browser. The first reason for in-browser mining is to make money. It’s not very efficient but a user can launch in-browser mining software to earn small amounts of cryptocurrency whilst they browse. In-browser mining can also be used to monetize a webpage instead of using adverts. Somewhere on the page it will usually say that some of your computer’s resources are being borrowed by the site to mine Monero for the publisher. Alternatively, this can also be done without the user’s permission. When this is the case, it is a form of “crypto-jacking”. Crypto-jacking can also be done by installing malicious software on a computer system to mine Monero or other cryptocurrencies when the user is not visiting a specific website. Finally, in-browser mining can also be used for charitable reasons. Children’s charity UNICEF have launched a website called The Hopepage. The idea behind The Hopepage is to let users donate some of their computing power to mining cryptocurrency whilst they browse. There are options to donate between 20% and 80% of the visitor’s computer power. At the time of writing, there were almost 18,500 people donating computing power to the charity! Verge Verge’s adoption seems to be slower but somewhat more positive than that of Monero’s. There are less cybercriminals and rogue states currently using the currency for one thing! One recent development that had the Verge community excited was the signing of a partnership with the parent company (MindGeek) of the planet’s leading pornography website, PornHub. The “YouTube of porn” started accepting the currency for payment for any of their premium features in April of 2018. In addition, two of the site’s sister pages (Brazzers and Nutaku) also now accept Verge for payments. The team behind MindGeek and PornHub said they favoured Verge because of its anonymous features. Not everyone wants to make it public that they’re looking at pornographic material so for PornHub, it made sense to use Verge rather than Bitcoin or Ethereum, for example. Another partnership that Verge has managed to secure is with Token Pay. Token Pay is a firm with its own cryptocurrency that is looking to make cryptocurrency payment cards. Along with their partnership with Verge, Token Pay have also partnered with WEG Bank AG from Germany. The partnerships with MindGeek and Token Pay are potentially very exciting for the Verge project. This is because there could be an influx of people who learn about cryptocurrency and Verge specifically thanks to them using PornHub, Token Pay, or the WEG Bank AG. Speed The Monero blockchain has a block time of two minutes. This means that new blocks of transactions are formed once every 120 seconds. This makes it about five times faster to transact with than Bitcoin. Meanwhile, Verge has a block time of 30 seconds. This makes it considerably faster to transact with than Bitcoin and around four times faster than Monero. The figures quoted above presume that transactions can fit in the next block. If either network is congested with a lot of transactions, the time it takes to send Monero or Verge will be longer. Scalability Let’s take a look at Verge vs Monero scalability. Monero Monero uses what is called a dynamic block size limit. This means that the blocks grow and shrink as demand for Monero increases or decreases. Larger blocks can fit more transactions in them so that more people can use the Monero network at the same time. However, since the network is yet to achieve the same popularity as the Bitcoin, it is unclear how this scalability solution will work in practice. Verge The team behind Verge claim that it is much more scalable than Bitcoin. They are currently working on adding RSK (rootstock) to Verge. Rootstock is a second layer protocol that is also being designed to work with Bitcoin. It is believed that this will make the network be able to handle around 2,000 transactions per second. This is a considerable increase from the current maximum of 100 transactions per second. Rootstock will also allow developers to create smart contract-based applications like those on the Ethereum network. Monero vs Verge: The Teams It’s always good to compare the teams when looking at different cryptocurrency projects. However, since anonymity is the goal of both the Verge and Monero projects, the teams are largely a kept a secret. Yet, let’s look who has the better team in Verge vs Monero comparison. The Monero Team Only two of the lead developers behind the Monero project are known by their real names. These are Riccardo “fluffypony” Spagni and Francisco “ArticMine” Cabañas. Spagni is the most vocal of the developers and is very active on Twitter under the handle @fluffypony. He has many years’ experience as a software developer and has education in logistics and informatics. Joining Spagni and Cabañas are a long list of developers who prefer to go by aliases. Since little is known about the team, I’ll have to cut this section short! The Verge Team Slightly more is known about the Verge team. However, like those working on Monero, many of these developers prefer to go by aliases. Despite this, there is more information published about the members. The founder of Verge uses the alias Sunerok. He has over 20 years’ experience in network security and has worked on blockchain development for over six years. Sunerok is joined by Sasha. Sasha holds a master’s degree in economics and a bachelor’s degree in business administration. He also freelances as a data scientist. Verge’s marketing department is headed by Kieran Daniels. Daniels has previously worked at Instapage.com, as well as founding Dextroid.io and CryptoAnswer.com. Verge vs Monero: Market History to Date Next in this Verge vs Monero guide, I’ll look at the market history of both projects. Like most cryptocurrencies, they follow similar trends. However, certain news events also impacted on the price of each of the currencies. Monero In Monero’s early years, the price didn’t see any great moves in either direction. This changed towards the end of 2016 when the entire cryptocurrency market began to see an uptrend. As 2016 turned into 2017, this upwards movement got faster. By the middle of 2017, Monero, like many other digital assets, experienced explosive growth. The price of a single Monero coin peaked at around $500 per coin in January of 2018. Since its high point, the price has experienced a downtrend. This is consistent with the rest of the market. Apart from a few jumps in price, Monero’s price has slowly declined to the point it is at today (July 3, 2018) of around $137. You can see the entire market history of Monero below. Verge Verge’s story is like that of Monero. However, it took slightly longer for Verge to start its uptrend. For much of its early life, Verge cost just fractions of a cent. There was a brief period of optimism in spring 2016 but this quietened down quickly, and the largely flat line continued. It would be a whole year later, in April 2017, that the cryptocurrency community noticed Verge properly. The price experienced an uptrend that would continue throughout 2017. It reached a high of just over 28c in December 2017. Unfortunately, since then it has largely been trending downwards to its price today of over 0.023c. However, like Monero, there have been periods during 2018 that the price bounced up again. The announcement of the MindGeek partnership was the cause of one of these uptrends. You can see the entire history of Verge’s price movements in the graph below. Verge vs Monero: The Conclusion So, that’s it! This Verge vs Monero guide is all done. Did you learn a lot? I hope so! These are just two of the many different privacy-focused cryptocurrency projects around today. Many different teams of developers are trying their best to become the go-to privacy-focused coin for use when making potentially sensitive transactions. One thing to beware of is the legality of such coins. Already in Japan, the authorities are trying to stamp out the use of anonymous cryptocurrencies such as Verge and Monero. Whilst it would be very difficult for global authorities to do this entirely, such a crackdown would be very bad for the long-term price prospects of privacy-focused cryptocurrencies. This is something to be aware of if you’re planning on investing in such coins. That said, there are plenty of legal uses of private currencies. Not everyone is comfortable with the government knowing their spending habits down to the last cent, for example. Then there are uses that are illegal in one piece of land and completely legal over a border. In a world where ideas and now money can move around the globe in seconds, this seems completely ridiculous to deny certain potential medicines based on the location you were born in. Clearly, there are lots of good reasons for privacy coins to exist. So, now that we’re all done, what do you think? What would like to use a private currency for? We’d love to hear your thoughts! Source : https://www.bitdegree.org/tutorials/verge-vs-monero/
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