Surviving Beyond the FOMO – How to pick a winning ICO project for long-term value

In a world driven by hype and FOMO [Fear Of Missing Out]It’s becoming clearer every day that a serious crypto enthusiast needs to make a case for choosing a token to help them capture money in a world where real viable projects are hard to find and good projects with long-term prospects are even harder. ‘shit coins’.
live crypto price
With recent developments where most new cryptocurrencies are hitting record lows and new ICO Projects failing to live up to their hype after Crowdsale, it is now common for disappointed “investors” to blame ICO promoters on social media instead of blaming them. for not doing due diligence themselves to pick a sure post-crowdsale winner before buying a token during their ICO.
From my extensive observation, most crypto buyers simply bought the coins based on an ICO based FOMO (Fear of Missing Out) created by the masters of the hype behind these coins. Many bought without understanding the coin’s post-ICO purpose, or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as is the case with many ICOs now, they jumped on social media to cry bloody murder.
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Recently, me and my team just finished a tour in Africa and parts of the US to promote the Nollycoin ICO. We organized and sponsored different conferences, held AMA (Ask Me Anything) press conferences and held many one-on-one meetings with Crypto whales, small investors and crypto millionaires of all colors.
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Through it all, one thing that surprised me more than anything else was that MOST token holders had NO idea what the underlying business or project was involved in behind the token sales.
Even more strange to my observation, it was surprising that many could not articulate the project’s value proposition, its goals or the company’s plan to disrupt the market and capture a portion of the buyers in their industry. They simply bought the ICO because the various telegrams or Facebook pages they visited told them to “Buy”. Hodl and buy more’. Most simply acted on herd instinct instead of objective deliberation.
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Now, if most of the people I met were teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of many of the crypto “investors” I’ve met. On the contrary, many of those I met were college graduates and some middle-aged. However, less than 10% of them can easily say why they bought a coin in the hope that it would increase in value over time. Everywhere I went, very few people in the crowd told me the name, experience, and ability of the corporate executives of the company selling the coins.
The only thing most of them could point out was that the coins were recommended by “respectable” influencers, when facts have shown that most of them paid colds to create respectability for FOMO and otherwise worthless shitcoins.
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Beyond the so-called fake influences, many crypto buyers knew the names of the ringleaders were Russian, Chinese or Korean, even though they knew nothing about them. As if all you need to have a successful ICO is to list the names of people in Korea or China or Russia that no one could verify with a simple Google search.
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While I agree that there are certainly many things to consider when deciding whether or not a project’s tokens will increase in value over time, I think the acid test and immediate evaluation criteria should be the utility of the coin itself outside of what would happen. on crypto exchanges.
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Although most crypto token owners I met didn’t know it, the reality is that if you bought a token from most ICOs, you weren’t actually “investing” in that company. You would not be buying shares in the company and you would not be buying any security from the company.
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And at best, what you were doing when you bought tokens in most ICOs was “donating” to a project, outside of the business ecosystem legally controlled by the issuing company, in exchange for a utility token or coin that legally had no real value.
In short, apart from hoping that the price of the tokens will rise to “the moon” or become a millionaire, there is nothing else you can do with the token other than enjoy the utility attached by the ICO company, if any.

Since no one could predict for sure how Crypto would perform on a crypto exchange when it finally got there, and recent experience has shown that the prices of most tokens would likely dive within the first few weeks of being listed on an exchange (due to heavy selling by speculators), it would make sense for your exploring what other value or utility you can derive from the token, beyond the expected “moon” in exchange.
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As the crypto revolution continued to revolutionize, transform, and adapt to different market developments, the only way to make sure your money isn’t going down the drain is to make sure you can still use those tokens for great value and benefits. even if you could sell it for a profit in an exchange.

When making this decision, you should ask yourself this key question: What is the value, product or service that the company selling the token is creating that will give me enough value for my cash to make this purchase worthwhile?

In a world where token prices fall on different exchanges, the more opportunities you have to get a real-life use for a token outside of the expected list on a crypto exchange, the more likely you are to end up frustrated or broke. tabs that are useless to you.

So you have to ask again and again: If this coin was never traded on an exchange, would I be happy to support the vision? If this token has lost 70% of its value on an exchange, can I still use it and get my money’s worth with it somewhere else?

If you could not answer these questions positively after reviewing the RESEARCH and investment claims of the company, then you should think twice before buying that coin.

Final case study

Take a current ICO like Nollycoin, which is a token that powers a Blockchain-enabled film distribution ecosystem. The coin’s promoters have created different utility scenarios for the coin’s buyers to ensure that whatever happens to Nollycoin in the crypto exchange, their backers and token holders will continue to smile.

They are among the great utilities attached to the Nollycoin token in the Nollytainment ecosystem

• Ability to use Nollycoin tokens to watch exclusive movies in theaters and cinemas

• Ability to use Nollycoin tokens to access 1,000 movies on the Netflix-on-steroids blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services on NollyMall, which is like an Amazon platform for entertainment-based products.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and partner companies

As you can see, beyond the normal expectation that tokens can be listed on a crypto exchange platform, you need to look beyond the hype of an ico to the immediate and prospective utility of the token and the viability of the underlying project.

Preparing for a Cryptocurrency World: China Edition

Over the past year, the cryptocurrency market took some heavy punches from the Chinese government. The market took the hits like a warrior, but the combinations have affected many cryptocurrency investors. The market’s poor performance in 2018 pales in comparison to 2017’s stellar 1,000 percent gains.

what happened

Since 2013, the Chinese government has taken steps to regulate cryptocurrency, but nothing compared to what was enacted in 2017. (See this article for a detailed analysis of the official statement issued by the Chinese government)

2017 was a busy year for the cryptocurrency market with all the attention and growth it received. Extreme price volatility forced the Central Bank to take more extreme measures, including a ban on initial coin offerings (ICOs) and restrictions on domestic crypto exchanges. Soon after, Chinese mining factories were forced to shut down, citing excessive electricity consumption. Many exchanges and factories have moved overseas to avoid regulation, but have remained accessible to Chinese investors. However, they still do not escape the clutches of the Chinese Dragon.

In the latest government-led efforts to monitor and ban cryptocurrency trading among Chinese investors, China rolled out “Eagle Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of transacting with foreign crypto exchanges and related activities face measures ranging from limiting withdrawal limits to account freezes. There have also been persistent rumors among the Chinese community of stricter measures to be imposed on foreign platforms that allow trading among Chinese investors.

“We will have to wait for orders from higher authorities to know whether there will be further regulatory measures.” Excerpts from an interview with the team leader of China’s Public Information Network Security Supervision Agency under the Ministry of Public Security, February 28.


Imagine your child investing their savings in a digital product (in this case, cryptocurrency) with no way to verify its authenticity and value. He could get lucky and get rich, or he could lose everything when the crypto bubble bursts. Now scale that up to millions of Chinese citizens and we are talking about millions of Chinese Yuan.

The market is full of scams and unnecessary ICOs. (I’m sure you’ve heard the news of people sending coins to random addresses and nonsensical ICOs with promises to double). Many unknown investors are in it for the money and could care less about the technology and innovation behind it. The value of many cryptocurrencies comes from market speculation. In the crypto boom of 2017, participate in any ICO with a famous advisor, a promising team or a decent hype and you are guaranteed at least 3X your investments.

A lack of understanding of the business and the technology behind it, coupled with the proliferation of ICOs, is a recipe for disaster. According to members of the Central Bank, almost 90% of ICOs are fraudulent or involve illegal fundraising. My guess is that the Chinese government wants to make sure that cryptocurrency remains “controllable” and not too big to fail in the Chinese community. China is taking the right steps towards a safer and more regulated cryptocurrency world, albeit aggressive and controversial. In fact, it may be the best move the country has made in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I highly doubt doing that as it is quite pointless. Currently, financial institutions are prohibited from holding any crypto-asset while individuals have permission, but are prohibited from trading in any form.

A State Cryptocurrency Exchange?

The annual “Two Sessions” (the two main parties: the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPCC) are both named because they participate in the forum held in the first week of March. meet to discuss the latest issues and make the necessary changes to the law.

NPCC member Wang Pengjie delved into the prospects of a state-owned digital asset trading platform, as well as launching educational projects on blockchain and cryptocurrency in China. However, the proposed platform would require an authenticated account to enable trading.

“With the establishment of related regulations and the cooperation of the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), a regulated and efficient cryptocurrency exchange platform would serve as a formal way for companies to raise funds (through ICOs) and investors for their digital assets. to achieve content and capital appreciation” Excerpts from Wang Pengjie’s presentation in both sessions.

March towards a Blockchain Nation

Governments and central banks around the world have struggled to deal with the growing popularity of cryptocurrencies; but one thing is certain, everyone has accepted the blockchain.

Despite the cryptocurrency crackdown, blockchain is gaining popularity and adoption on many levels. The Chinese government is supporting blockchain initiatives and embracing the technology. In fact, the People’s Bank of China (PBoC) has been working on a digital currency and has conducted simulated transactions with some of the country’s commercial banks. It is yet to be confirmed whether the digital currency will be decentralized and offer cryptocurrency features such as anonymity and immutability. It wouldn’t be surprising if it was just a digital Chinese Yuan, anonymity is the last thing China wants in its country. However, created as a close replacement for the Chinese Yuan, the digital currency will be subject to existing monetary policies and laws.

Governor of the People’s Bank of China, Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies have experienced explosive growth, which can have a huge negative impact on consumers and retail investors. We don’t like (cryptocurrency) products that take advantage of the huge opportunity for speculation that gives people the illusion of getting rich overnight” Zhou Xiaochuan interview on Friday, March 9 .

In a media appearance on Friday, March 9, the governor of the People’s Bank of China, Zhou Xiaochuan, criticized cryptocurrency projects that took advantage of the crypto boom to cash in and fuel market speculation. He also stated that the development of digital currency is “technologically inevitable”.

Regionally, many cities in China are promoting blockchain initiatives to promote growth in their region. Hangzhou, known for being home to Alibaba, has announced blockchain technology as one of the city’s top priorities in 2018. They have also proposed to the local government of Chengdu city to build an incubation center to promote the adoption of blockchain technology. city ​​financial services.

Local conglomerates Tencent and Alibaba have also formed partnerships with blockchain companies or started projects of their own. Blockchain companies like VeChain have also secured multiple partnerships with Chinese companies to improve supply chain transparency in China.

All signs point to China working towards a blockchain nation. China has always had an open mentality towards emerging technologies such as mobile payment and Artificial Intelligence. Going forward, China will undoubtedly be the first blockchain-enabled country. Will we see the Chinese government back down and allow citizens to trade again? Probably when the market matures and is less volatile but definitely not in 2018.

Cryptocurrency for beginners

In the first days of its launch in 2009, several thousand bitcoins were used to buy a pizza. Since then, the cryptocurrency’s meteoric rise to $65,000 in April 2021, after a nearly 70 percent drop to around $6,000 in mid-2018, has been blowing the minds of many people: crypto-currency investors, traders, or just plain curious. he missed the boat.

How it all started

Note that dissatisfaction with the current financial system led to the development of digital currency. The development of this cryptocurrency is based on the blockchain technology of Satoshi Nakamoto, apparently a pseudonym used by a developer or a group of developers.

Despite many opinions predicting the death of cryptocurrency, bitcoin’s performance has inspired many other digital currencies, especially in recent years. The success of crowdfunding brought on by blockchain fever also attracted the public to cheat and this has come to the attention of regulators.

Beyond Bitcoin

Bitcoin has inspired the launch of many other digital currencies, there are currently over 1,000 versions of digital coins or tokens. They are not all the same and their values ​​vary widely, as does their liquidity.

Coins, altcoins and tokens

Suffice it at this point to say that there are fine distinctions between coins, altcoins and tokens. Altcoins or alternative coins generally describe anything other than the forerunner bitcoin, although altcoins such as ethereum, litecoin, ripple, dogecoin, and dash are considered a “mainstream” category of coins, meaning they are traded on more cryptocurrency exchanges.

Coins serve as a currency or store of value, while tokens provide asset or utility uses, an example being a blockchain service for supply chain management to validate and track wine products from winery to consumer.

One point to note is that low value tokens or coins offer upside opportunities but don’t expect a similar meteoric rise like bitcoin. Simply put, unknown tokens can be easy to buy but difficult to sell.

Before you dive into a cryptocurrency, start by looking at the value proposition and technology considerations, which are the business strategies outlined in the whitepaper that accompanies every initial coin offering or ICO.

For those familiar with stocks and shares, it is not the same as an initial public offering or an IPO. However, IPOs are issued by companies with tangible assets and business history. Everything is done in a regulated environment. On the other hand, an ICO is based on an idea proposed in a white paper by a company – still running and without assets – that is looking for start-up funds.

Illegal, so buyer beware

“You can’t regulate the unknown” probably sums up the state of digital currency. Regulators and regulations are still trying to catch up with the ever-evolving cryptocurrencies. The golden rule in the crypto-space is “caveat emptor”, buyer beware.

Some countries are keeping an open mind while adopting a hands-off policy for cryptocurrency and blockchain applications in view of scams. However, there are regulators in other countries who are more concerned about the downsides of digital money. Regulators are generally aware of the need to strike a balance and some are looking into securities laws to try to get a handle on the many flavors of cryptocurrencies around the world.

Digital wallets: the first step

A wallet is essential to get started in cryptocurrency. Think electronic banking, but minus the protection of the law in the case of virtual currency, so security is the first and last thought in the crypto space.

Wallets are a digital type. There are two types of wallets.

  • Internet-connected hot wallets that put users at risk of hacking

  • Cold wallets that are not connected to the internet and are considered more secure.

In addition to the two main types of wallets, it should be noted that there are single-cryptocurrency wallets and others that are multi-cryptocurrency. There is also the option of having a multi-signature wallet, similar to having a joint account with a bank.

The choice of wallet depends on the user’s preference, pure interest in bitcoin or ethereum, as each coin has its own wallet, or you can use a third-party wallet including security features.

Wallet notes

A cryptocurrency wallet has a public and private key with personal records of transactions. The public key refers to the cryptocurrency account or address, unlike the name required to receive a check payment.

The public key is visible to everyone, but transactions are only confirmed by verification and validation based on the consensus mechanism specific to each cryptocurrency.

The private key can be thought of as a PIN commonly used in electronic financial transactions. As a result, the user should never disclose the private key to anyone and should back up any data that needs to be stored offline.

It makes sense to hold a minimum amount of cryptocurrency in a hot wallet, while a larger amount should be in a cold wallet. Losing your private key is as good as losing your cryptocurrency! The usual precautions for online financial transactions apply, from having strong passwords to being vigilant about malware and phishing.

Portfolio formats

Different types of wallets are available to suit one’s preferences.

  • Third-party hardware wallets to purchase. These devices work like a USB device, which is considered secure and only connected to the Internet when needed.

  • For example, web-based wallets provided by crypto exchanges are considered hot wallets that put users at risk.

  • Desktop or mobile software-based wallets are mostly free and may be provided by coin issuers or third parties.

  • Paper-based wallets can be printed with public and private keys in QR code format containing important information about the cryptocurrency. These should be kept in a safe place until needed in the crypto transaction and copies should be made in case of accidents such as water damage or printed data disappearing over time.

Crypto exchanges and markets

Crypto exchanges are trading platforms for those interested in virtual currencies. Other options include websites and brokers for direct trading between buyers and sellers, where there is no “market” price but is based on a compromise between the parties to the transaction.

This is why there are many crypto exchanges located in different countries, but with different standards of security practices and infrastructure. There are those that allow anonymous registration with just an email to open an account and start trading. However, there are others that require users to comply with international identity verification, known as Know-Your-Customer, and anti-money laundering (AML) measures.

The choice of crypto-exchange depends on the user’s preference, but anonymous ones may have limits on the extent of allowed trading or may be subject to sudden new regulations in the exchange’s home country. Minimal administrative procedures with anonymous registration allow users to start trading quickly while KYC and AML processes will take more time.

All crypto trades need to be properly processed and validated which can take anywhere from a few minutes to a few hours depending on the coin or token being transacted and the trade volume. Scalability is known to be a problem in cryptocurrency and developers are working on ways to find a solution.

Cryptocurrency exchanges fall into two categories.

  • Fiat-Cryptocurrency Such exchanges offer purchase via direct bank or credit and debit card transfers or through ATMs in certain countries.

  • Cryptocurrency only. There are crypto-exchanges that only deal in cryptocurrencies, meaning that customers must already own a cryptocurrency – such as bitcoin or ethereum – in order to “exchange” it for other coins or tokens, depending on the market rate.

Fees are charged to facilitate the buying and selling of cryptocurrencies. Users should do their research to ensure they are satisfied with the infrastructure and security measures, as well as to determine the fees they are comfortable with, such as the different rates charged by various exchanges.

Don’t expect a common market price for the same cryptocurrency with difference exchanges. You may spend time doing research on the best price for coins and tokens that are of interest to you.

Online financial transactions involve risks and users should consider precautions such as two-factor authentication or 2-FA, stay up-to-date on the latest security measures and be aware of phishing scams. A golden rule about phishing is to not click on links offered, regardless of whether a message or email is genuine.

Thinking of investing? Think Bitcoin Road

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. It’s been one of the most frequent news stories of the last year or so – as a get-rich-quick scheme, the end of finance, the birth of a truly international currency, the end of the world or improved technology. world. But what is Bitcoin?

In short, it could be said that Bitcoin is the first decentralized monetary system used for online transactions, but it will probably be useful to dig a little deeper.

We all know, in general, what ‘money’ is and what it is used for. The most significant problem seen in the use of money before Bitcoin is that it is centralized and controlled by a single entity: the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator nicknamed ‘Satoshi Nakamoto’ to bring decentralization to money on a global scale. The idea is that the currency can be traded on international lines without any difficulty or fees, checks and balances would be distributed around the world (only on the books of private corporations or governments), and money would become more and more democratic. equally accessible to all.

How did Bitcoin start?

The concept of Bitcoin, and cryptocurrency in general, was started in 2009 by an unknown researcher named Satoshi. The reason for the invention was to solve the problem of the centralization of the use of money, which was based on banks and computers, which many computer scientists were not happy about. Decentralization has been attempted since the late 90s without success, so when Satoshi published a paper in 2008 providing a solution, it was well received. Today, Bitcoin has become a popular currency for internet users and has spawned thousands of ‘altcoins’ (non-Bitcoin cryptocurrencies).

How is Bitcoin made?

This is done through a process called Bitcoin mining. Just as paper money is obtained through printing, and gold is extracted from the ground, Bitcoin is created through “mining”. Mining involves solving complex mathematical problems about blocks using computers and adding them to a public ledger. When it started, a simple CPU (like your home computer) was all that was needed to mine, however, the level of difficulty has increased significantly and now you’ll need specialized hardware, including a high-end Graphics Processing Unit (GPU). withdraw Bitcoin

How do I invest?

First, you need to open an account with a trading platform and create a portfolio; You can find some examples by searching Google for “Bitcoin trading platform” – they generally have names with “coin” or “market”. Once you enter one of these platforms, you click on assets, then click on crypto to choose your desired currency. There are many very important indicators in every platform, which you should observe before investing.

Just buy and hold

While mining is the safest and, in some ways, the easiest way to earn Bitcoin, there is too much fuss involved, and the cost of electricity and specialized computer hardware makes it out of reach for most of us. To avoid all this, make it easy for yourself, enter the amount you want directly from your bank and click “buy”, then sit back and watch your investment grow as the price changes. This is called a trade-off and it happens often. exchanges platforms available today, with the ability to trade between fiat currencies (USD, AUD, GBP, etc.) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc.).

Bitcoin trading

If you are familiar with stocks, bonds or forex exchanges, then you will easily understand crypto trading. There are Bitcoin brokers such as e-social trading, FXTM markets.com and many others that you can choose from. Platforms offer you Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means exchanging Bitcoins for US dollars. Keep an eye on price changes to find the perfect match based on price changes; The platforms offer price among other indicators to give you the right trading advice.

Bitcoin as a stock

There are also organizations that allow you to buy shares in companies that invest in Bitcoin – these companies trade back and forth, and you just invest in them and wait for your monthly benefits. These companies pool the digital money of different investors and invest on their behalf.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires some basic knowledge of the currency, as explained above. As with all investments, there is risk involved! The question of whether to invest or not depends entirely on the individual. However, if I were to give advice, I would favor investing in Bitcoin, with one reason why Bitcoin continues to grow; Although there has been a significant boom and bust, it is very likely that Cryptocurrencies as a whole will continue. increase in value over the next 10 years. Bitcoin is the largest and most popular of all cryptocurrencies today, so it’s a good place to start, and the safest bet, today. Although volatile in the short term, I suspect you will find Bitcoin trading more profitable than most other businesses.

Step by Step Bitcoin Investment Guide

Well, like almost everything else in life – if not everything – you have to buy it before you invest in it. Investing in Bitcoin can be very difficult, and that is if you don’t have a step ahead.

First of all, you should know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, which was invented, designed and developed by Satoshi Nakamoto, and went public in 2009.

And since then, updates and improvements have been made by a network of highly experienced developers and the platform has been partially funded by the Bitcoin Foundation.

Since Bitcoin has become a topic of great interest and many people are investing in it, there is no harm if you too get digital wealth. Interestingly, in 2012, Bitcoin companies were only able to raise $2.2 billion.

Despite the drop in prices this year, cryptocurrency continues to see growth in both users and merchants accepting it as payment.

So how can you be part of the action? Investing in Bitcoin can be easy for the average Joe, he just buys some.

Buying has become easy these days, with many companies in the United States and all over the world participating in the buying and selling business.

For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a markup that is usually around 1% of the current market price.

If you want a traditional exchange, Bit Stamp may be a better option, as users are not only trading with the company, but with the users.

The company acts only as an intermediary. Liquidity is higher and you can almost always find another person to take the other side of your trade.

Fees start at 0.5% and drop to 0.2% if you have traded more than $150,000 in the last 30 days. All of these are already in their own way, means of making investments, because the more BTC you buy, the more profit you will accumulate to keep or if you choose to resell to other traditional buyers at a higher price than what you bought. real companies

You can also buy bitcoins in another way to exchange them. One of the most popular offline avenues is Local Bitcoins, which is a website that matches you with potential buyers and sellers. At the time of purchase, the coins are locked from the seller in escrow, from which they can only be released to the buyers.

But buying bitcoins offline should be done with some extra precautions, which are always common, like when you meet a stranger. Meet in a public place during the day and if possible, bring a friend.

Bitcoin is the hottest thing on the web today. Investors and venture capital firms are betting it’s here to stay. For the average Joe, there are many ways to invest in and buy Bitcoin.

In the US, the most popular avenues are Coin Base, Bit Stamp, and Local Bitcoins. Each has its advantages and disadvantages, so do your research to find the one that’s right for you.

International Cryptocurrency Regulations will create win-win situations

the back

Initial Coin Offerings on blockchain platforms have painted the world red for tech startups around the world. It is revolutionizing and rewarding a decentralized network that can award tokens to users who support an idea with money.

Profit-spinning turned Bitcoin into an “asset” that delivered huge returns to early investors in 2017. Investors and Cryptocurrency exchanges around the world seized the opportunity to offer themselves huge returns, leading to the rise of multiple online exchanges. Other cryptocurrencies such as Ethereum, Ripple and other ICOs promised even better results. (Ethereum grew more than 88 times in 2017!)

With ICOs getting millions of dollars in the hands of startups within days, government governments initially decided to look at the fastest ever fintech development, which had the potential to raise millions of dollars in a very short period of time.

Countries around the world are thinking about regulating cryptocurrencies

But regulators became cautious as the technology and its underlying implications gained popularity, as ICOs began to scrutinize funds worth billions of dollars… That too in proposed plans written in white papers.

At the end of 2017, governments around the world seized the opportunity to intervene. While China completely banned cryptocurrencies, the US SEC (Securities and Exchange Commission) highlighted the risks to vulnerable investors and proposed treating them as securities.

A recent warning statement from SEC Chairman Jay Clayton, released in December, warned investors:

“Please also recognize that these markets span national borders and that significant trading may occur on systems and platforms outside of the United States. Invested funds may travel abroad without your knowledge. As a result, risks, including market risk, may increase. Regulators such as the SEC, we may not be able to effectively track down bad actors or recover funds.”

This was followed by India’s concerns, where Finance Minister Arun Jaitley said in February that India was not familiar with cryptocurrencies.

A circular issued by the Central Bank of India to other banks on April 6, 2018 asked banks to sever ties with companies and exchanges involved in cryptocurrency trading or transaction.

In Great Britain, the FCA (Financial Conduct Authority) announced in March that it had formed a cryptocurrency task force and would enlist the help of the Bank of England to regulate the cryptocurrency sector.

Different laws, tax structures between nations

Cryptocurrencies are mostly coins or tokens launched on a cryptographic network and can be traded worldwide. Although cryptocurrencies are more or less valuable around the world, countries with different laws and regulations can provide different returns for potential investors who are citizens of different countries.

Different laws for investors in different countries would make calculation of returns a tedious and cumbersome exercise.

This would mean an investment of time, resources and strategies, causing unnecessary prolongation of the processes.

the solution

Instead of many countries enacting different laws for global cryptocurrencies, a uniform global regulatory authority should be formed, with laws that apply across borders. Such a move would play a major role in improving legal cryptocurrency trading around the world.

Organizations with a global purpose, such as UNO (United Nations), World Trade Organization (WTO), World Economic Forum (WEF), International Trade Organization (ITO) have played an important role in uniting the world on various fronts.

Cryptocurrencies were created with the basic idea of ​​worldwide fund transfer. They have more or less similar value in exchanges, except for negligible arbitrage.

A global regulatory authority to regulate cryptocurrencies worldwide is the need of the hour and can set global rules to regulate the newest funding idea. Right now, all countries are trying to regulate virtual currencies through legislation, which is in the process of being written.

If other economic superpowers can agree to introduce a regulatory authority with laws that do not recognize national boundaries, then this would be one of the biggest advances in designing a crypto-friendly world and promoting the use of one of the most transparent fintechs. system ever - blockchain.

Universal regulations consisting of subsections related to laws related to cryptocurrency trading, refunds, taxes, penalties, KYC procedures, exchanges and penalties for illegal hacks can provide us with the following. advantages.

  1. Profit calculation can be very easy for investors worldwide as there would be no difference in net returns due to uniform tax structure.

  2. Countries around the world may agree to share a certain portion of profits as taxes. Therefore, the countries’ share of taxes collected would be uniform throughout the world.

  3. Time could be saved when forming multiple committees, following bills and legislative debates (like the Indian Parliament and the US Senate).

  4. There is no need to go through the harsh tax laws of each country. Especially those involved in multinational trade.

  5. Companies offering tokens or ICOs would also comply with the said “international law”. Therefore, the calculation of after-tax income would be a cakewalk for companies

  6. A global structure would require more companies with better ideas, thus increasing employment opportunities worldwide.

  7. The law may be supported by an international watchdog or global currency regulator, which may have powers to blacklist an ICO offering that does not comply with the rules.

It’s not all good when it comes to a law that would regulate cryptocurrencies worldwide. There are for sure disadvantages as well.

Getting the world’s financial leaders together to draft a law can be time-consuming. Discussions and consensus can be difficult

  1. Countries or economies that offer tax-free structures may not agree to pass a law that establishes a universal tax policy.

  2. Global watchdogs or regulatory authorities tracking ICO-related regulatory developments may not sit well with some countries.

  3. Universal law can cause the world to divide into factions. Countries that don’t accept cryptocurrency like China may not be part of it.

  4. Law may be the brainchild of economically powerful nations who can design it in their own interests.

  5. This law would be centralized, unlike cryptocurrencies which are decentralized in nature, with a global regulatory body.


The world has been together for the better. Be it making a peaceful world after World War II, or coming together for better trade laws and treaties.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have some of the best brains defining the global economy.

They can be part of a body that would come together and define the economic prosperity of the world. They would help draft cryptocurrency rules around the world and could be part of the regulatory body that would be the guide and beacon for thousands of ICOs around the world. It takes time in the beginning, but it would make things easier for the times to come.

How does Cromacoin work to improve business productivity?

Instead, for complete details, important information in this world of modernized technology Cromacoin operates on a vast public ledger commonly known as Blockchain, where complete transactions are confirmed. The complete ways that users are aware of each transaction prevents them from stealing and spending the same currency during the set time. This process also supports Blockchain as it is trusted for proper content. Cromacoin is one of the best digital currencies that is joining the best digital currency exchanges.

Where to store your new ICO tokens after acquiring them?

There are diversified applications that should be used while acquiring new ICO tokens below are some key essentials to make it look better:-

• Complete customer satisfaction- It is one of the email servers found without dependence on third party servers. It also monitors the entire transaction from start to finish.

• Insignificant customers- The essential mandatory piece of the server is surely based on customer satisfaction as everyone gets access to the web for top transactions.

• Web Clients- This is similar where the entire client depends on the third party server and the entire transaction works instantly.

Where can you find Cromacoin?

To evolve with this digital cryptocurrency exchange, you can first buy Cromacoin from below steps:-

• Cryptocurrency exchanges where you can exchange regular new ICO tokens.

• A vendor can be found or simply available through the SING UP process for the procedure module.

• After signing up Cromacoin is the price for customers to get better investment plans.

Enter the relevant credentials in your account to get the highway service through the REGISTER process.

• It is recommended to use a long and strong password with a mixture of letters, alphabets and other special characters.

• Product information can be found in our white paper, which quickly provides the most reliable information.

• Get a proper financial report because ICOs can be started with crowdfunding.

• Companies that use ICO in an early stage for traditional business get the white paper which is the biggest concern.

Cromacoin needs clarification after reviewing the ICO white paper.

• Get a proportion of cryptocurrency along with procedure modules based on digital currency exchanges.

Where are your tabs? Learn more about the defined information evaluated

First of all, it is important to bring tokens for your ICO according to your token related needs and requirements. It can withstand a little project considering Cromacoin is a reliable project that can be submitted. It is suggested that you save your new ICO tokens to actually bare the tokens and contribute your new token repeatedly.

• Set up a coin and participate in the ICO to buy tokens.

• The need for a wallet that supports purchasing tokens.

• Participate in the ICO to buy Cromacoin tokens.

• Send ETH to buy tokens and one will be linked to your wallet’s private key.

• Get little information to earn with Cromacoin.

• Submit ETH address for ICO and continuously offer tokens.

• Do not require a deposit that the wallet accepts for a new token or you can access your New ICO tokens with proper Blockchain security enabled policies.

How to import ICO tokens into a supported wallet?

If someone has the contract address for the token, they can import the tokens into the wallet. Also, our wallet has the ability to hold a large number of tokens considering the accuracy of the entire terms, with accuracy and efficiency, which plays a vital role in improving the productivity of one’s business. Our wallet is provided with a unique wallet address and therefore only sent with input for tokens.

Top Cryptocurrencies for 2018: What Are the Best Bitcoin Alternatives?

Important: This post should not be considered investment advice. The author focuses on the best coins in terms of actual use and adoption, not from a financial or investment perspective.

In 2017, crypto markets set a new standard for simple profits. Almost every piece or chip made a huge profit. “A rising tide floats all boats,” they say, and the end of 2017 was a flood. The price increase has created a positive feedback cycle, which attracts more and more capital to Crypto. Unfortunately, but inevitably, this galloping market involves massive investment. Money has been thrown indiscriminately into all sorts of dubious projects, many of which will never bear fruit.

In the current bearish climate, hype and greed are replaced by critical assessment and caution. Especially for those who have lost money, marketing promises, endless shillings and charismatic oratory are no longer enough. Well, the fundamental reasons for buying or owning a coin are once again Paramount.

Basic factors in evaluating a cryptocurrency-

There are some factors that tend to conquer hype and price pumps, at least in the long term:

Adoption Angle

Although the technology of cryptocurrency or ICO business plan may seem amazing without users, they are just dead projects. It is often overlooked that widespread acceptance is a key feature of money. In fact, it is estimated that over 90% of Bitcoin’s value is a function of the number of users.

While acceptance of fiat is mandated by the State, acceptance of cryptography is voluntary. Many factors play into the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.


Decentralization is essential to the I push model of a true cryptocurrency. Without decentralization, we have a little closer to a Ponzi scheme than a real cryptocurrency. Trust in people or institutions is the problem; It tries to solve a cryptocurrency.

If dismantling a coin or a central controller can alter the transaction record, its fundamental security is being called into question. The same goes for parts with unproven code that hasn’t been thoroughly tested over the years. The more you trust the code to work as described, regardless of human influence, the more secure the coin will be.


Valid coins strive to improve technology, but not at the expense of security. True technological progress is rare because it requires a great deal of expertise, as well as wisdom. While there are always fresh ideas that can be screwed up, if doing so exposes weaknesses or criticisms of the coin’s original purpose, it’s not the point.

Innovation can be a difficult factor to assess, especially for non-technical users. However, if a currency code is stagnant or doesn’t receive updates that address important issues, it can be a sign that the developers are weak on ideas or motivation.


The economic incentives inherent in a currency are easier to understand for the average person. If a coin had a large pre-min or ICO (initial share offering) where the team had a significant chip share, then it’s pretty clear that the main motivation is profit. By buying what the team has to offer, you play your game and get rich. Make sure you provide tangible and reliable value in return.

5 cryptocurrencies to buy in 2018

There has never been a better time to re-evaluate and rebalance a crypto portfolio. Based on solid fundamentals, here are five pieces worth sticking with or perhaps buying at today’s depressed prices (just a warning, they could go lower).

#1 Bitcoin (due to its decentralization)

The number one is Bitcoin (BTC), which remains the market leader in all categories. Bitcoin has the highest price, the widest hypothesis, the most security (due to the enormous energy consumption of Bitcoin mining), the most famous brand identity (the forks have tried to be appropriate), and the majority of development Active and rational. It is also the only piece traded on traditional markets to date in the form of Bitcoin futures trading on the American CME and CBOE.

Bitcoin remains the main engine; The performance of all other shards is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most other shards will widen.

Bitcoin has several promising innovations that will soon be installed as additional layers or soft forks. Examples are Flash system (LN), tree, Schnorr signatures Mimblewimbleund many more.

In particular, we plan to open up a whole new range of applications for Bitcoin, enabling large-scale, microtransactions and secure instant payments. LN is becoming more and more stable as users test their different options with real Bitcoin. As it becomes easier to use, it can be assumed that it will benefit greatly from the adoption of Bitcoin.

#2 Litecoin (for its durability)

Litecoin (LTC) is a clone of Bitcoin with a different hash algorithm. Although Litecoin lacks the anonymity technology of Bitcoin, surprising reports have shown that Litecoin adoption on dark markets is second only to bitcoin. Although it is a currency that I think is much more suited to the role of acquiring illegal goods and services, perhaps this is due to the longevity of Litecoin: it was launched in late 2011.

Another factor in favor of Litecoin is that it integrates Bitcoin SegWit technology, which means that Litecoin is ready for LN. Litecoin can benefit from atomic chain exchange. In other words, secure currency pair trading without third party (ie exchange) involvement. Because Litecoin keeps its code largely in sync with Bitcoin, it is well positioned to benefit from Bitcoin’s technical progress.

#3 Ethereum (for smart contracts)

Ethereum (ETH) is facing some big problems at the moment. First, governments are cracking down on ICOs, and rightly so: many have been fraudulent or failed. Since most ICOs run as ERC tokens 20 on the Ethereum network, the ICO mania has brought a lot of value to Ethereum in recent years. If proper rules are adopted to protect investors Ethereum project scams can claim a certain legitimacy as a crowdfunding platform.

The second major problem facing Ethereum is the delayed transition to a new hybrid work and battery detection system. Ethereum mining is currently a profitable GPU, but Bitmain has just announced a small Ethereum ASIC, which is likely to affect the bottom lines of GPU miners. It remains to be seen whether this will change the POW and how successful that change will be.

If Ethereum is able to survive these two big problems – regulation and mining – it will show great resilience. Alternatively, there are several competing currencies following its shadow, such as Ethereum Classic (etc), Cardano (ADA) and EOS.

#4 Monero (for its anonymity)

While it’s not all the take on the dark markets, I (XMR) remains prime privacy. Its popularity and market capitalization still outpace its rivals, and for good reason.

Monero’s code requires less trust than the “loyal” Zcash key event, and it got off to a good start, unlike Dash. Monero recently modified its Pow to defeat the development of a small ASIC for its algorithm, reaffirming its commitment to the decentralization part of mining. The significant drop in hash rate is due to the new version being constantly reported against ASICs. This may also be an opportunity for GPUs and even small CPUs to come back to me. The new version of Monero, 0.12, also includes other improvements that show that Monero continues to grow along sensitive lines.

#5 iPRONTO (Decentralized Incubation Platform)

The iPRONTO incubation platform is an Ethereum chain, dedicated to investors looking for a safe and reliable platform to invest in new ideas and future innovators, who can present their ideas and receive feedback from users, experts in the field of practice and implementation of derived ideas.

Innovators’ ideas are accepted in the NES Smart Contract format which will be signed between the expert platform and the client for the Commission to review and register the client’s business idea on the platform. The idea will not be published on the chain’s public platform to all users, but only to selected members of the target community who are willing to sign a Smart contract to maintain the confidentiality of the idea.

The best books about cryptocurrency

The Sovereign Individual ~ by James Dale Davidson and William Rees Morg

The Sovereign Individual is one of those books that changes how you see the world forever. It was published in 1997, but the degree to which it predicts the impact of blockchain technology will give you chills. We are entering the fourth phase of human society, moving from the industrial to the information age. You must read this book to understand how things will change.

As it becomes easier to live comfortably and earn an income from anywhere, we already know that those who will really thrive in the new information age will be location-independent workers who are not tied to a single job or career. The drive to choose where to live based on price savings is already more attractive, but this goes beyond digital nomadism and freelance gigs; the foundations of democracy, government and money are changing.

The authors predicted Black Tuesday and the collapse of the Soviet Union, and here they predict a rise in the power of individuals as decentralized technology cuts into the power of governments. The death toll of nation-states, they predicted with extraordinary conviction, will be private and digital money. When that happens, the dynamic of governments will change as passive bandits stealing taxes from hardworking citizens. If you’ve become someone who can solve problems for people anywhere in the world, you’re about to join the new cognitive elite. Don’t miss this one.

Choice quote: “When technology is mobile and transactions take place in cyberspace, as they increasingly will, governments will not be able to charge more for their services than the people who pay for them deserve.”

Sapiens: A Brief History of Humankind ~ by Yuval Noah Harari

Whenever I want to impress upon someone how good this book is, I ask them, “Do you want to know the basic difference between humans and monkeys? A monkey can jump up and down on a rock and wave a stick and scream at its friends that a threat is coming. “Danger! Danger! A lion!” Even a monkey can lie. He can jump up and down on words and wave a stick and scream about a lion when, in fact, there is no lion. He’s just being silly. But that’s what a monkey can’t do. jump up and down and wave a stick and shout, ‘Danger! Danger! Dragon!'”

Why is this? Because dragons aren’t real. As Harari explains, it is the human imagination, our ability to believe and talk about things we have never seen or touched, that has driven the species to cooperate with aliens in large numbers. There is no god, no nation, no money, no human rights, no law, no religion and no justice in the universe beyond the common imagination of men. We are the ones who make them that way.

All of this is a great introduction to where we are today. After the Cognitive Revolution and the Agricultural Revolution, Harari will guide you to the Scientific Revolution, which started just 500 years ago and could start something completely different for mankind. The money, however, will remain. Read this book to understand that money is the greatest story ever told and that trust is the raw material from which all forms of money are made.

Optional Quote: “The Sapiens, on the other hand, live in a triple-layered reality. In addition to trees, rivers, fears, and desires, the Sapiens world also has stories about money, gods, nations, and corporations.”

The Internet of Money ~ by Andreas M. Antonopoulos

If the two books mentioned above help us understand the historical context in which Bitcoin first appeared, this book expands on the “why” with infectious enthusiasm. Andreas Antonopolous is perhaps the most respected voice in the crypto space. He has been traveling the world as a Bitcoin evangelist since 2010 and this book is a compilation of the talks he gave on the circuit between 2013 and 2016, all compressed for publication.

His first book, Mastering Bitcoin, is a technical in-depth look at the technology, aimed at developers, engineers, and software and systems architects. But this book uses some choice metaphors to explain why you can’t ban or shut down Bitcoin, how the scaling debate doesn’t really matter, and why Bitcoin needs designer help to block mass adoption.

“When you drive your new automobile in a city,” he writes, “you drive on roads used by horses that have infrastructure designed and used for horses. There are no traffic lights. There are no rules of the road. There are no paved roads. And what happened? Cars got stuck because they didn’t have balance and four feet.” But fast-forward a hundred years and the once-derided cars are completely commonplace. If you want to dive into the philosophical, social, and historical implications of Bitcoin, this is your place to start.

Optional quote: “Bitcoin isn’t just money for the internet. Yes, it’s the perfect money for the internet. It’s instant, it’s secure, it’s free. Yes, it’s money for the internet, but it’s so much more. Bitcoin is internet money. Currency is just the first application is. If you understand that, you can look beyond the price, you can look beyond the volatility, you can look beyond the fad. At its core, Bitcoin is a revolutionary technology that will change the world. forever. Enter.”

Discover Bitcoin Practices that exist

Bitcoin, the most popular cryptocurrency in existence, is considered one of the most popular investments today. But do you know that this has spawned many new bitcoin scams? Yes, that’s the truth and unfortunately, you can be a part of it if you don’t know anything about these scams. This article tells you about all the types of bitcoin scams that exist.

These are the bitcoin scams that exist –

Phishing scams

Always be aware of phishing scams. Phishing attacks are definitely a favorite among hackers and fraudsters. In a phishing attack, a concerned person usually impersonates a service, business, or individual via email or other text-based communication, or by hosting a fake, manipulative website that looks authentic. The goal is always to trick a victim into finding their private tips or sending bitcoins to a particular scammer’s address.

These types of emails often appear to be legitimate, but are fraudulent in nature.

False exchanges

Arguably, one of the most difficult ways to scam investors is to pose as an internet marketer branch of a good, legitimate business. Well, that’s exactly what fraudsters within the bitcoin discipline are doing.

Many such exchanges exist and they presented themselves as a place to trade and exchange bitcoin, but in the end it turned out to be a scam. Many exchanges have therefore scammed people out of their money, posing as the new respectable and legitimate cryptocurrency exchange.

Fake ICOs

With the growth of blockchain-backed companies, fake ICOs gained popularity as a way to protect these new companies. However, given the unregulated nature of bitcoin itself, the door has been wide open for all kinds of fraudulent activity.

Most of the ICO scams occurred with investors pledging through fake ICO websites or using fake bitcoin wallets or other crypto wallets or pretending to be genuine cryptocurrency-based companies.

Many have already been accused of malpractices, so it’s best to check these wallets before you decide to put your money with them.

Terrible returns

If you are in the trading industry, you must know by now that huge returns are not possible when it comes to bitcoin trading or crypto trading in general. Therefore, when you try to find a broker promising to double your money in a specific period of time, then the best option would be to stay away from such brokers as much as possible. They will simply take your money and run away leaving you with nothing but grief and regret.

Cryptocurrency mining

Cryptocurrency mining is a never-ending game in this digital world. Bitcoin, the first decentralized currency introduced in the early 2000s. Mining is the complex procedure of verifying cryptocurrency transactions and adding them to the public ledger (blockchain). This ledger of past transactions is called a blockchain, as it is a chain of blocks. Blockchain serves to confirm that the rest of the transactions on the network have been made. Blockchain is also responsible for releasing new bitcoins. Each of the cryptocurrencies in existence depends on the main idea of ​​blockchain.

Mining Process

Cryptocurrency was meant to be decentralized, secure and immutable. So every transaction gets mixed up. When this scrambled transaction occurs, it is added to something many refer to as a “block” until a fixed number of transactions are recorded. At that point that block is added to a publicly available chain – the blockchain. While mining Bitcoin, Dash, Litecoin, Zcash, Ethereum and more, the miner must collect the latest transactions into blocks and solve a computationally difficult puzzle. There are several online bitcoin mining sites. It has become a very popular way to earn money.

Cryptocurrency is cryptographic, that is, it uses a special encryption that allows you to control the creation of coins and confirm the transaction. A block is pretty much useless in its currently available form. However, after applying the algorithm to a specific block. Upon pairing, the miner receives a pair of bitcoins. To listen to bitcoin through mining, the miner must be technical. Bitcoin mining is very competitive for profit. The price of Bitcoin makes it difficult to make a profit without also speculating on the price. Payment is based on how well their hardware has helped solve that puzzle. Miners verify transactions, ensure they are not fake, and keep the infrastructure running.

The best coins for me

Bitcoins are not a decent decision for starting diggers who are shooting on a small scale. The current upfront speculation and maintenance costs, even purely scientific problems of the procedure, do not make it productive for consumer grade hardware. Today, Bitcoin mining is reserved for large scale activities. Litecoins, Dogecoins and Feathercoins are again three forms of digital money based on Scrypt, the best money saving advantage for apprentices. At Litecoin’s current valuation, a man can earn somewhere between 50 cents and $10 per day using client-grade mining hardware. Dogecoins and Feathercoins would yield lower returns with similar mining hardware, but are becoming more popular every day. Peercoins can likewise be a reasonable fair return for your time and vitality.

As more people join the rise of cryptocoins, your decision may become more difficult for me, as it will require more expensive hardware to find the coins. When you need to continue mining that coin you will either be forced to contribute heavily, or take the income and exchange it for a cryptocurrency. Understanding the top 3 bitcoin mining strategies is likely where you should start; This article is based around mining scrypt coins. Also, make sure you are in a nation where bitcoins and bitcoin mining are legal.

The purpose of mining

How about cryptocurrency we are talking about. The whole point of mining is to do three things:

1. Provide accounting administrations to the coin network. Mining is basically every minute of daily computer accounting called “verifying transactions”.

2. Pay a small reward for your accounting administrations by accepting chunks of coins every couple of days.

3. Keep your personal expenses, including energy and hardware.

Some basic terms

A free private database called Coin Wallet. It’s a password-protected container that stores your earnings and keeps a comprehensive record of your transactions. A free mining software package, similar to AMD, usually consisting of cgminer and strat. Enroll in a web-based mining pool, which is a community of miners who pool their computers to increase profitability and pay stability. Enrolling in an online currency exchange where you can exchange your virtual coins for regular cash and vice versa. Full time reliable web association, preferably 2 megabits per second or faster speed. Hardware setup location in your basement or other cool, air conditioned space.

A desktop or custom-made computer for mining. You can actually use your current computer to launch it, but you won’t have the ability to use your computer while the driller is running. A separate dedicated computer is ideal. Tip: Do not use a laptop, game console, or handheld device to mine. These devices are not successful enough to generate salary. An ATI graphics processing unit (GPU) or a specialized processing device called a mining ASIC chip. The cost will range from $90 to $3000 per GPU or ASIC chip used. GPU or ASIC will be the work horse for accounting administrations and mining.

A homemade fan to blow fresh air into your mining computer. Mining generates a lot of heat, and cooling your hardware is critical to your prosperity. personal interest You need a strong desire for reading and continuous learning, as there are constant innovation changes and new methods of coin mining innovation are created. The best coin miners spend hours figuring out the best ways to tweak and improve their coin mining performance.

Profitability of Cryptocurrency Mining Every time a mathematical subject is understood, a constant amount of Bitcoins is generated. The number of Bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years). The number of Bitcoins awarded per block is 12.5. The last bock halving happened in July 2016 and the next one will be in 2020. Profitability estimation can be done using various online mining calculators. The development of digital currency standards, for example Bitcoin, Ethereum and Bitcoin Cash, has stimulated tremendous activity by companies and this is necessary to help the market develop greatly in the near future.

Cryptocurrency mining is a computationally intensive process that requires a network of multiple PCs to verify the transaction record, known as the blockchain. Excavators are offered a fraction of the transaction costs and get a higher probability of finding another block by giving them a lot of computing power. These support transactions help provide greater security to online customers and ensure honesty, which is a prominent factor influencing the development of the global cryptocurrency mining market.