Winter Edition 2018
Killer new
T3cH Learn the marvels of modern world tecjnology -Bitcoin -Lite -Ethereum -Ripple
=iPhone =Software
-Mercedes Benz
2 Best Gpu's on the market
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2018
Winter Edition
Table Of Contents
Advertisements; pages 2-4; 8-9 Featured pages; pages 6-7; 10-11
Featured Page.. Bitcoin 6-7 Featured Page.. Software 10-11 Advertisement Mercedes Benz Info. 8
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What is cryptocurrency?
The CryptoCurr
In case you haven't been on the internet for the past couple of years, an incredible online payment-system has been created called crypto-currency. Now, Cryptocurrency has skyrocketed throughout 2017, with currencies such as Bitcoin being valued at 17K in December. Cryptocurrency is a digital currency in which encryption techniques, such as Cryptographing, are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank; all with the possibility of staying 100% anonymous.
Cryptocurrency has a variety of different currencies. Bitcoin has the distinction of being the first cryptocur rency, having been introduced in 2009. Nine years later; currently, Bitcoin is the largest cryptocurrency as of 2018, followed by Ethereum, Ripple, Bitcoin Cash, Cardano and Litecoin. Litecoin has been getting attention recently as its value has boomed from below $1 to above $150.
As the name suggests, cryptocurrency is a form of digital money that is created and secured with an all-fa mous technique geeks call, cryptography. Now, Cryptography has been around since WW2, used widely to encrypt transmissions that were of importance.
Here's how it works: According to Benzinga, an innovative website to read market analysis and its wonderful commentary; It all begins with a blockchain, a document that has been duplicated several times on a single network of computers. When a 'Miner' mines a cryptocurrency, these blockchains are updated. These blockchains are ran by miners who are in possession of powerful computers which are used in mining. This is no easy work as to be a miner, you must have a firm knowledge in computer hardware. Yet this is our newest edition of "Killer New Tech," and our job is to provide you answers to all of your questions about technology. But that will be for later. These miners, are then paid in the designated cryptocurrency the miner chose. You may run more than one cryptocurrency at any given time under the same IP address but you may not run more than one on the same computer. As this would cause many, but many implications.
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rencies of 2018:
What you need:
Usually, at this point, you're thinking of all the free-easy-money you can make by simply becoming a 'miner', but do you know how? Cryptocurrency mining has two simple functions, one in which the miner's computer is adding transactions to the connect ed-blockchain (aka securing and verifying) and adding new currency into the pool.
For mining, you need a computer. The components should be of selective-choice, and budget.
According to TechRadar, a website dedicated to providing advice for technological purchases. Most importantly, the GPU (Graphi cal processing Unit) is something you don't want to 'low-ball' with. As a poor GPU would cost you all the effort and time you invest ed and literally get you nowhere. Yes, nowhere.
When it comes to mining the strongest component, you would want is the GPU, followed by the CPU (Central Processing Unit) and the PSU (Power Supply Unit). What is recommended, and what most miners start off with is; purchasing cheap hardware such as Ram, HDD, Cooling, Motherboard and in most cases, no computer tower. Not having a computer tower would mean the ultimate form of keeping the soon-to-be-hardworking GPU kept cool.
In mining, the GPU will be immediately set to its maximum potential, which means its internals will become blazing how by the hour. Okay, maybe not "blazing hot," but we're talking in the 60 Celsius+ area. Enough to fry an egg if the circumstances are right. It is your job, and interest in researching the best hardware you can afford given your budget. Just don't low-ball the GPU.
You may be asking, "What about the electrical bill?" Or, "what about the GPU's life-span? Do they not lose their life-span by run ning at 100% all the time?" Sometimes, depending on many factors but mostly limited to electrical companies and home/the com ponents efficiency, an electrical bill may be seen to spike up by an extra, $5-$40.
The ideal GPU would be a GPU with it's memory clocked to 8Gb DDR5-12Gb DDR5. Most of these GPU's will be in the price range of $300-$1100; we always recommend people to check local places and local webpages to find the perfect deals.
Lastly, the software. There are a few options in which software you can use to connect your computer to the block chain. Shortly afterwards, you would want to connect your bank account to the domain of the chosen blockchain,which would allow you to earn money. Many banks and online websites allow you to do this. Most popular is connecting through PayPal and from PayPal you connect to the blockchain. Allowing you to earn as much as you'd like too.
Recently, economists have been trying to understand how powerful bitcoin really is and what are its weaknesses? Governments are looking into investing: Russia has already been talking about a brand new digital currency government chain for the past few months, since currencies such as bitcoin-have sky rocketed.
Today, miners are worried about bitcoin dipping to a single grand by the end of this year. For most though, this is nonsense and those people may very well become the wealthiest people alive.
Most countries have been taxing cryptocurrencies, bitcoin being most popular has had seen affects of the taxation impact it's economy. South Korea is deciding on a new bill which will allow massive bitcoin taxes.
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