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Tuesday, February 13, 2018

HODL HODL LAUNCHES P2P BITCOIN EXCHANGE WITHOUT KYC (EXCLUDING U.S. RESIDENTS)

Image courtesy of Twitter


HODL HODL SETS The PRICE OF AVOIDING KYC AT 0.6%

 Some cryptocurrency investors have reacted with exhilaration to news of a decentralized cryptocurrency exchange Hodl Hodl. Hodl Hodl has launched its public Beta.

The peer to peer (P2P) platform, which gives investors decentralized trade capability for Bitcoin and Litecoin trading, announced its limited debut February eleven.
“For now, we are opened in BETA-mode until July of 2018, which means a lot of new features are coming quickly, with the main functionality of the exchange being ready and available for use now,” this Medium post reads.
Hodl Hodl consists of SegWit addresses as standard, reducing both the fee and time required to send Bitcoin transactions.
Extra features including smart contracts will run “in a week or so,” developers add, while future plans consist of Lightning network integration and “increasing protection.”
Reacting on-line, trading tycoons and other investors praised the release. Critics have been skeptical at the relatively excessive 0.6% fee with the intention to function after July’s primary launch, even as some suggested it turned into a suitable compromise for waiving AML/KYC necessities, therefore maintaining anonymity.
Hodl Hodl’s sign-up method needs customers verify they are not US residents because of the regulatory regulations. 
A curious characteristic of verification, which Hodl Hodl says is “absolutely on a voluntary basis.” investors can nonetheless use the platform without limit, whether or not they decide to undergo the procedure.

                            EXCHANGES FACE THE MAINSTREAM 

The release comes as extant cryptocurrency exchanges keep facing overwhelming demand. Bittrex and Binance have been some of the primary exchanges that restricted account signups in January to maintain stability, with Binance reporting 240,000 users joining in a just an hour.

The trend has repeated some other places too, with US exchange and wallet provider Coinbase continuing to go through technical problems because of the massive wave of demand. Different regions of the cryptocurrency industry have additionally felt the stress, with hardware wallet company Ledger sold out of devices till March.


What is your opinion of Hodl Hodl? Let us know in the comments underneath!

Wednesday, February 7, 2018

Mining Bitcoin, Litecoin, Ethereum, Potcoin and other Alternative Coins using Auto Faucets.

Mining Bitcoin, Litecoin, Ethereum, Potcoin and other alternative coins using auto faucets and mining software. If you want to mine Bitcoin or Litecoin these days, you need special mining equipment like this one. They cost thousands of dollars and are very noisy. They also consume large amounts of energy.

Dragonite 16T Miner

 I'm going to show you a way to use your own CPU, to mine small amounts of cryptocurrency. If you can navigate web pages you can do this. Now just so you know, using your computer to mine Bitcoin or Litecoin will damage its parts over time. It puts out more heat which causes your fans to spin faster. Do not use your cell phone to mine Bitcoin or Litecoin.

 Minergate is the easiest place to start mining. They also have a very user-friendly interface. You need to download Minergate software to your computer.  Most likely your virus protection software will see any mining software as a threat. Please use your own discretion, if you decide to turn off your virus protection. Minergate software is easy to install and get up and running. They also have a mobile app so you can check your progress. I do not recommend using the app to mine Bitcoin, Litecoin or any other altcoin on your mobile devices.

Mining with Minergate you can choose what currency to mine and some coins can be mined two at once. Some of the currencies you can mine at Minergate are:  Bytecoin, Monero, Fantomcoin, Quasarcoin, DigitalNote, MonetaVerde, Dashcoin, Aeon coin, Infinium-8, Litecoin, Bitcoin, Zcash, Bitcoin Gold, Ethereum and Ethereum Classic. (As this list changes, I will try to keep it updated.) Minergate has a very high withdraw threshold. Depending on the speed of your CPU or GPU. It could take a long time to be able to withdraw your earnings. If downloading and installing Minergate software through your browser. All you need is a wallet to store your Monero in. Coinhive has gotten a bad rap lately because of some of the malicious ways their project has been used. How Coinhive gets used is all up to the users in my opinion. Please do your own due diligence and explore Coinhive.com before using it.

 Auto Faucets and FaucetHub

 If you don't already have a FaucetHub.io account, go get one. (its free) If you noticed you have a level in FaucetHub that increases everytime you claim from a faucet. Using an auto faucet can boost your level quickly. The easiest, and in my opinion best, auto faucets are Japakar's. Enter your FaucetHub connected wallet address for the coin you want to claim. Select the corresponding coin for your address, then complete the captcha. Once the initial captcha is completed, just leave the browser window open and collect instantly to your FaucetHub.io account. Japakar does not have a Bitcoin auto faucet because you can mine Bitcoin through FaucetHub. Below is a list of Japakar auto faucets. I will try to keep this list updated as they add or removes coins.

Japakar Auto Faucet:
Link                             Claim Time in minutes.  
Litecoin #1              1 
Litecoin #2              4
Ethereum #1           1
Ethereum #2           4
PotCoin #1              1
PotCoin #2              4
Dash #1                   1
Dash #2                   4
more coming soon.