{
  "block": 71021328,
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      "amount": "0.001 HIVE",
      "from": "earn.hive",
      "memo": "Did you know that you can get rewarded for your witness vote? Cast your witness vote on @earn.hive and start to receive HIVE tokens everyday.",
      "to": "minergate"
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  "timestamp": "2023-01-01T00:36:36",
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    {
      "author": "hivebuzz",
      "body": "Congratulations @minergate! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td><img src=\"https://images.hive.blog/60x70/http://hivebuzz.me/@minergate/replies.png?202010092030\"></td><td>You got more than 50 replies. Your next target is to reach 100 replies.</td></tr>\n</table>\n\n<sub>_You can view your badges on [your board](https://hivebuzz.me/@minergate) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n",
      "json_metadata": "{\"image\":[\"http://hivebuzz.me/notify.t6.png\"]}",
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      "parent_permlink": "digitalnote-xdn-is-an-open-cryptocurrency",
      "permlink": "re-digitalnote-xdn-is-an-open-cryptocurrency-20201009t202039z",
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  "block": 38638857,
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    {
      "author": "steemitboard",
      "body": "Congratulations @minergate! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@minergate/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@minergate) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=minergate)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "cryptokernel",
      "body": "Please add CoinCircle, a website that pays you by doing tasks.\nCheck it out here:\nhttps://coincircle.com/l/9u74AYOG2V",
      "json_metadata": "{\"tags\":[\"money\"],\"links\":[\"https://coincircle.com/l/9u74AYOG2V\"],\"app\":\"steemit/0.1\"}",
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      "author": "niel96",
      "body": "Hi,\n\nwhen you are looking for smart ways to earn more cryptocurrency check out bounty hunting. It pays better than faucets or airdrops. The best platform to find cryptocurrency bounties is Bounty0x:\nhttps://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x",
      "json_metadata": "{\"tags\":[\"money\"],\"links\":[\"https://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "minergate",
      "parent_permlink": "top-5-websites-to-earn-cryptocurrency",
      "permlink": "re-minergate-top-5-websites-to-earn-cryptocurrency-20190206t234044474z",
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{
  "block": 28163737,
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    {
      "author": "steemitboard",
      "body": "Congratulations @minergate! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@minergate/birthday2.png</td><td>2 Years on Steemit</td></tr></table>\n\n<sub>_[Click here to view your Board of Honor](https://steemitboard.com/@minergate)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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{
  "block": 23490658,
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      "author": "minergate",
      "body": "<html>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/LCN-600x180.png\" width=\"600\" height=\"180\"/></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Litecoin (LTC) is a decentralized, easy-to-mine and fast-growing cryptocurrency that outperformed many altcoins in 2017. &nbsp;In December 2017, Litecoin hit its highest price to date, up more than 8000% in value compared to the previous year. Right now it is one of the top 10 cryptocurrencies by market cap.</a></p>\n<p><br></p>\n<p>This rapid increase in value alongside sensational headlines about the crypto market has caught the attention of miners and investors. It is essentially a carbon copy of Bitcoin but with some notable improvements. With reported transaction times at just a quarter of those for Bitcoin, Litecoin is overall faster and cheaper for people to use. &nbsp;This makes it an attractive coin for future use in the global economy.</p>\n<p><br></p>\n<p>While there are many altcoins being launched yearly, Litecoin has been gaining traction for the last 7 years, becoming an established cryptocurrency. &nbsp;Despite some recent price fluctuations in the altcoin market, Litecoin has retained its value over less established coins. Because Litecoin is supported by a wide variety of exchanges, it is easy to buy and sell, making it an ideal coin for experienced and novice investors alike.</p>\n<p><br></p>\n<p>Having the ability to spend altcoins easily, alongside cheaper and faster transactions, may be what finally gives altcoins the edge over fiat currencies. &nbsp;With an ever-increasing list of places, you can spend Litecoin, more and more retailers are recognizing its usefulness.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/lcn1.jpg\" width=\"900\" height=\"301\"/></p>\n<h1><strong>What is Litecoin?</strong></h1>\n<p>Litecoin, like other cryptocurrencies, is a peer-to-peer, decentralized cryptocoin. This means that Litecoin is not controlled by a central bank or government. Instead, each transaction is saved to the blockchain, a global ledger that verifies all transactions. &nbsp;</p>\n<p><br></p>\n<p>Bitcoin takes around 10 minutes to confirm each transaction. Litecoin, by comparison, takes around a quarter of the time, around two and a half minutes, to confirm a transaction. &nbsp;This makes it cheaper to use and faster to mine. This is good news for miners looking to join the cryptocurrency revolution.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/litecoin-640x291.jpg\" width=\"600\" height=\"273\"/></p>\n<h1><strong>When did Litecoin appear and how?</strong></h1>\n<p>Litecoin was created in late 2011 by former Google employee Charlie Lee, who first entered the cryptocurrency market by getting into Bitcoin mining. His vision for Litecoin was to improve the Bitcoin blockchain and to increase the cap on the total coin supply. Coming to life just two years after the creation of Bitcoin, Litecoin has managed to remain one of the top-rated cryptocurrencies.</p>\n<p><br></p>\n<p>Charlie believes that Litecoin operates as a complementary cryptocurrency to Bitcoin. This vision would see Litecoin, with its increased availability, being suited to small transactions like online shopping, with Bitcoin being the more suitable currency for heftier transactions, such as international payments.</p>\n<p><br></p>\n<p>Charlie Lee continues to take interest in the technology supporting Litecoin. &nbsp;As of June 2017, he is working full time to oversee the development of the Litecoin cryptocurrency as Managing Director of the Litecoin Foundation. This is reassuring for adopters of Litecoin as continued improvements are being made to improve the technology, with exciting new developments and partnerships on the horizon. &nbsp;</p>\n<p><br></p>\n<p>The recently announced partnership with TenX will bring about a payment platform and l introduce a Litecoin payment card. &nbsp;This could potentially see Litecoin owners using their cryptocurrency to pay for goods and services at online and traditional retailers, in the same way, they would use their debit cards.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/LitecoinFeatures.jpg\" width=\"900\" height=\"296\"/></p>\n<h1><strong>Features and Important issues in the network</strong></h1>\n<p>Litecoin has a lifetime cap of 84 million coins. &nbsp;This amount is the total that can be mined and is four times larger than Bitcoin, which has a cap of 21 million coins. As there are fewer bitcoins available, they are more expensive to mine, more valuable and much more difficult for small investors to obtain. &nbsp;The increased availability and lower price of Litecoin are therefore ideal for those who want to enter the cryptocurrency market.</p>\n<p><br></p>\n<p>Litecoin isn’t just good news for investors and miners. Around 3 billion people in the developing world have very limited access to banks and cash machines. Free access to cryptocurrencies could revolutionize banking in these countries, offering an inexpensive way for them to send and receive money and pay for goods.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/Litecoin-network.jpg\" width=\"900\" height=\"300\"/></p>\n<h1><strong>Litecoin Network Specs</strong></h1>\n<p>As of June 18, total Litecoin in existence is nearly 57 million with a market capitalization of nearly $5.4 billion, trading at a price of $95.17 USD. Litecoin blockchain can handle higher transaction volume than Bitcoin. Also, the network supports more transactions without requiring any modification to the software in the future. Another fun fact is the average transaction value of 48 LTC or about $4,500. Litecoin blockchain can handle higher transaction volume than Bitcoin. Also, the network supports more transactions without requiring any modification to the software in the future. &nbsp;The current block time or average time between block creation is 2 minutes 29 seconds via block size of 28 KBytes.</p>\n<p><br></p>\n<p>Join the community of <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate</a> and connect your workers for profitable mining!&nbsp;&nbsp;&nbsp;</p>\n<p><img src=\"https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif\" width=\"480\" height=\"270\"/></p>\n</html>",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 6569.140$ | _0.94%_ | _-12.78%_\n**ETH** | Ethereum | 502.447$ | _1.67%_ | _-15.58%_\n**LTC** | Litecoin | 97.896$ | _0.77%_ | _-16.94%_\n**XMR** | Monero | 127.829$ | _0.25%_ | _-17.32%_\n**ZEC** | Zcash | 193.756$ | _-1.81%_ | _-16.58%_",
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      "body": "<html>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/101_im_marry_news-600x180.png\" width=\"600\" height=\"180\"/></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Cryptocurrency is one of the shortest ways to increase your capital drastically, though it is associated with great risks. The most popular and the first mined crypto is Bitcoin (BTC). It was the first and stays the first of all coins. </a>&nbsp;</p>\n<p><br></p>\n<p>There are more than 17 million Bitcoins already mined, out of the total sum of 21 million. Every day on this planet 144 bitcoins are generated, each costs $9,300 at the current exchange rate by the 14th of February, 2018. Each mined block rewards the miner with 12.5 BTC until the year 2020 when the block reward will be halved to 6.25 BTC.</p>\n<p><br></p>\n<p>Starting 2016, Bitcoin (BTC) solo mining is no longer profitable for regular miners. Even if you have a PC with several top GPUs or even a handmade mining rig, it’s still not enough.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/image9-1024x624.png\" width=\"1024\" height=\"624\"/></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">&nbsp;<em>Calculation for BTC solo mining on the top configuration ASIC.</em><br>\n<em>The estimation above represents profitability statistics for Nvidia GeForce 1070 Ti.</em></a></p>\n<p><br></p>\n<p>&nbsp;The mining hardware arms race, as well as free market competition among manufacturers, is not an empty phrase, as Bitcoin mining demands tremendous amount of hash rate.There is already no point in measuring hashing power in hashes per second or Mhash/s, you must have at least 1+ GH/s computing power to mine Bitcoin successfully. This can be achieved by buying multiple ASICs.This comes with additional risk like changes in the hashing algorithm of Bitcoin which will make mining unavailable on previously used ASICs.So Bitcoin solo miners and small mining pools switched to mining altcoins like Ethereum, Ethereum Classic, Bitcoin Gold, Zcash, Monero, etc. Now it’s a job for industrial-level solutions.&nbsp;</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/image4.jpg\" width=\"828\" height=\"552\"/></p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/image7-1024x701.png\" width=\"1024\" height=\"701\"/></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">&nbsp;There are several huge Bitcoin (BTC) mining pools operating independently, but they are not really effective for common users due to the difficulty they require from your hardware.&nbsp;</a></p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/image10-1024x264.png\" width=\"1024\" height=\"264\"/></p>\n<p>&nbsp;<em>Just look at the Antpool’s difficulty of 4.02 terahashes</em>.</p>\n<p>Although Bitcoin (BTC) is a decentralized cryptocurrency, in fact, it’s more than centralized in China – about 80% of BTCs are mined on Chinese mining pools and collected on Chinese servers.&nbsp;</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/image8-1024x386.png\" width=\"1024\" height=\"386\"/></p>\n<p>&nbsp;<em>China dominates Bitcoin hashrate with significant breakaway</em></p>\n<h2><strong>Think twice!</strong></h2>\n<p>It’s way smoother and faster to buy Bitcoin rather than mine it – leave this work to industrial miners, who can monthly burn out thousands of dollars for electricity bills.</p>\n<h2><strong>Bitcoin vs. Altcoins?</strong></h2>\n<p>If you still look forward to mining Bitcoin, consider cloud mining as an alternative option. Though investors and miners are searching for alternate methods of obtaining BTC.The thing is that there are dozens of other cryptocurrencies, which are mostly exchangeable to Bitcoin on public exchanges. And most of them are profitable and demand less hashrate than Bitcoin mining does.You may spend days, weeks and months to mine zero-somewhat of BTC and gain 1/100 of its price or connect to the mining pool for Ethereum (ETH), Litecoin (LTC), Monero (XMR), Monero Original (XMO) or ZCash (ZEC) and by the same time make real profit on them.In short, for those of you who don’t have industrial scale ASIC farms, it’s better to buy BTC instead of mining it.</p>\n<h2><strong>How to start mining altcoins?</strong></h2>\n<p>There are two main ways to mine altcoins effectively: connect to a mining pool or buy cloud mining contracts. As far as cloud mining demands some additional investments (mostly in BTC, which, let’s say, we don’t have at the start), the most obvious option is joining a mining pool.Just mine whatever altcoin suits better for your mining hardware in terms of profitability and exchange it for Bitcoins. However, there&nbsp;are several altcoins that are profitable themselves.Let’s take the popular GPU NVIDIA GeForce 1080 Ti (with 8 GB DDR5) and compare its hashrate results relatively to mining profitability for Monero (XMR).&nbsp;</p>\n<p><br></p>\n<p><strong>&nbsp;NVIDIA GeForce 1080 Ti x1</strong></p>\n<p>Per\tPool Fee\tEst. Rewards\tRev. BTC\tRev. $\tCost\tProfit</p>\n<p>Hour\t0.000003\t0.000283\t0.000006\t$0.05\t$0.01\t$0.04</p>\n<p>Day\t0.000069\t0.006792\t0.000150\t &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1.12\t $0.18\t $0.94</p>\n<p>Week\t0.000480\t0.047546\t0.001049\t$7.81\t$1.26\t$6.55</p>\n<p>Month\t0.002058\t0.203767\t0.004496\t$33.47\t$5.40\t$28.07</p>\n<p>Year\t0.025042\t2.479171\t0.054695\t$407.25\t$65.70\t$341.55</p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Link to calculations</a></p>\n<p><br></p>\n<p><strong>NVIDIA GeForce 1080 Ti x5</strong></p>\n<p>Per\tPool Fee\tEst. Rewards\tRev. BTC\tRev. $\tCost\tProfit</p>\n<p>Hour\t0.000014\t0.001415\t0.000031\t$0.23\t$0.04\t$0.20</p>\n<p>Day\t0.000343\t0.033961\t0.000751\t$5.60\t$0.90\t$4.70</p>\n<p>Week\t0.002401\t0.237727\t0.005259\t$39.18\t$6.30\t$32.88</p>\n<p>Month\t0.010291\t1.018829\t0.022536\t$167.93\t$27.00\t$140.93</p>\n<p>Year\t0.125210\t12.395749\t0.274194\t$2,043.16\t$328.50\t$1,714.66</p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Link to calculations</a></p>\n<p><br></p>\n<p>&nbsp;These estimations are based on current <strong>very low price</strong> for Monero (XMR) which is $164 USD. You may perform the same calculations for any other coin and choose <strong>the most profitable altcoin to mine at any given moment</strong>.</p>\n<p><br></p>\n<p><strong>That’s it, guys. </strong><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\"><strong>Mine</strong></a><strong>. Earn. 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      "body": "<html>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/bitcoin-gold-background-1-600x180.jpg\" width=\"600\" height=\"180\"/></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Today Bitcoin Gold is one of the easiest coins to mine! Due to its new Proof of Work algorithm any person with a CPU or GPU can start mining it. This bitcoin fork was created to “make bitcoin decentralized again”.</a></p>\n<p><br></p>\n<p><strong>What is Bitcoin Gold?</strong></p>\n<p>Bitcoin mining these days is almost completely controlled by industrialized miners and by manufacturers who sell products to them. Solo miners just can’t compete with large companies, and their specialized computers – with application-specific integrated circuits (ASICs), built specifically for mining.</p>\n<p><br></p>\n<p>The new hard fork of Bitcoin, named Bitcoin Gold, was created to change this situation. BTG`s main purpose is not to compete with Bitcoin, but to help the crypto space avoid the monopolizing tendencies of ASIC mining, to return mining power to ordinary hardware and finally “make bitcoin decentralized again”. To reach their goals, Bitcoin Gold developers use a new proof-of-work algorithm, Equihash, which allows individuals with standard laptop computers to successfully compete with professional rig systems.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/Bitcoin-Gold-Fork.jpg\" width=\"996\" height=\"333\"/></p>\n<p>&nbsp;</p>\n<h2><strong>When and how Bitcoin Gold appeared</strong></h2>\n<p>Bitcoin Gold was born October 24, 2017. The founder, Jack Liao, also owns Lightning ASIC – a company selling GPU miners and ASIC miners. There are five other co-founders, including an anonymous lead developer.Bitcoin Gold resembles BTC in many aspects, but its mining algorithm is completely different: it can`t be run faster on the specialty mining equipment. It allows to spread mining of Bitcoin Gold among many individuals. In April 2018 BTG already had 246 reachable nodes with the highest concentration in Germany and the USA.</p>\n<ul>\n  <li>According to the official website, the cryptocurrency is trading live on almost 40 exchanges and available through the following wallet services: Trezor Wallet, Ledger Wallet, Coldlar, Exodus, Coinomi, Bitpie, Guarda, Freewallet, Kasse, Cobo.</li>\n  <li>According to Coinbase, the platform is finally going to allow users to withdraw forks of the Bitcoin protocol; and Bitcoin Gold for Coinbase is the first candidate for this.</li>\n  <li>n Q2 2018 BTG going to develop Payment systems integrations with a debit card program.</li>\n  <li>Bitcoin Gold market capitalization is obviously on the rise. Right now it ranked the 23rd cryptocurrency by market capitalization.</li>\n  <li>To start mining BTG is pretty easy as it’s one of the <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate-supported coins.</a></li>\n</ul>\n<h2><strong>Features and important issues</strong>&nbsp;</h2>\n<h3><strong>The Proof of Work algorithm</strong></h3>\n<p>The main change in BTG is a new hashing algorithm. With the standard Bitcoin algorithm, the usage of complex hardware (CPU, GPU) was a waste of resources; it was much more effective to create specific hardware for mining (ASIC). But Bitcoin Gold uses a Proof of Work algorithm called Equihash. It’s memory-oriented i.e. Bitcoin Gold mining depends on how much RAM a computer has and how many things it can do to complete a task. ASICs with their pure processing power are ineffective here, but desktop computers with multiple processing cores solve the tasks easily. Equihash supports fair mining infrastructure and gives individual miners an opportunity to compete.</p>\n<h3><strong>New difficulty adjustment algorithm</strong></h3>\n<p>The new mining difficulty adjustment algorithm was implemented: without it, larger miners would be able to influence the mining difficulty to get greater gains.</p>\n<h3><strong>Replay protection</strong></h3>\n<p>Until the fork occurs, Bitcoin Gold is a copy of the Bitcoin blockchain: it uses almost identical address formats and network protocols. To prevent loss of funds when the same transaction is broadcast to two different networks, BTG developers have added 2-way “replay protection”. An algorithm calculates the hash of a transaction to identify it, and that is why transactions on one chain are invalid on the other chain.</p>\n<h2><strong>Recent “51% attack”</strong></h2>\n<p>A few days ago Bitcoin Gold was hit with a 51% attack. The hackers controlled more than half of the network’s hashing power, which allowed them to steal up to $18 million from online exchanges. With 51% of power, attackers could make reversing transactions, spending the same coins more than once: they made deposits, traded the coins for BTC or another coin, withdrew the funds and then returned those coins back in their wallet. In a normal situation the blockchain would include only the first transaction in the block, but now, with the attackers’ majority control, double-spending became possible.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/bitcoingold-1200x580.jpg\" width=\"999\" height=\"342\"/></p>\n<h2><strong>Details of the upcoming network update</strong></h2>\n<p>In response to the attack, developers are going to change their Proof of Work algorithm again. If more individual miners join the network instead of massive mining conglomerates, it will be much harder for attackers to obtain such control again. And if now BTG shares Equihash with other coins (so that the pool of its power is much bigger than BTG network hashpower), after an upgrade there will be a different algorithm without such a large amount of power. It will make BTG much more protected from 51% attacks.One of the main purposes of the upcoming upgrade is to make Equihash even more ASIC-resistant so that BTG could not be mined on new ASIC hardware. According to BTG blog, “Our upgrade may make the current crop of miners useless for mining BTG, but this does not prevent them (or others) from trying again. The Bitcoin Gold Organization is committed to repeating this process as necessary. In time, anyone buying BTG-specific miners will learn that their investment is always lost, and the producers of this hardware will see that huge spending to develop custom hardware doesn’t lead to the profits they’re hoping to grab”.The BTG 2018 Roadmap announced that later this year they are going to finalize integrations to fully implement Lightning Network (this will enable almost instant payments with lower fees). They will also bring support for P2Pool, a decentralized approach to mining pools, that works by creating a peer-to-peer network of miner nodes.</p>\n<h2><strong>Network Specs</strong></h2>\n<p>Now the total Bitcoin Gold in existence is more than 17 million, with a market capitalization of nearly $736 million, trading at a price of $43.17 USD. Its average transaction value is 55.40 BTG ($2,310 USD). The current block time (average time between blocks) is 9 minutes 17 seconds via block size of 5.417 Kbytes. Block reward is 12.5 BTG ($521.36 USD).&nbsp;</p>\n<p><br></p>\n<p><br></p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;Join the community of <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate</a> and connect your workers for profitable mining!&nbsp;&nbsp;&nbsp;&nbsp;<br>\n <img src=\"https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif\" width=\"480\" height=\"270\"/></p>\n<p><br></p>\n<p><br></p>\n</html>",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📉 7d\n- | - | - | - | -\n**ARDR** | Ardor | 0.185$ | _-2.32%_ | _-20.52%_\n**BTC** | Bitcoin | 6566.540$ | _0.32%_ | _-13.08%_\n**ETH** | Ethereum | 500.968$ | _0.82%_ | _-16.15%_\n**SNM** | SONM | 0.136$ | _-3.79%_ | _-22.78%_\n**ZPT** | Zeepin | 0.044$ | _0.61%_ | _-18.38%_",
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      "body": "<html>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/bitcoin-5-600x180.jpg\" width=\"600\" height=\"180\"/></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Cryptocurrency is a form of digital currency based on the principle that a coin occupies a block of digital space. &nbsp;A good guess will lead you to the conclusion that the blockchain is simply a digital ledger where the transactions are recorded chronologically and publicly.</a></p>\n<p><br></p>\n<p>This sets the scene for the concept of a sidechain, albeit with a lot of confusion about exactly what it means, whether they are trustworthy, and why they seem to be necessary.</p>\n<p><br></p>\n<p>Sidechains have been an integral part of blockchain technology capabilities since inception. Initially, they were put in place to overcome system limitations on the time it took to settle transactions.</p>\n<p><br></p>\n<p>So, a sidechain allows agreeing parties to send each other transactions privately without the need to put the transactions on the blockchain. Remember that the result can be put on blockchain by anyone of the parties in the future if they decide to do so.</p>\n<p><br></p>\n<h1>&nbsp;<strong>Sidechains sound confusing, don’t they?</strong></h1>\n<p>&nbsp;Well yes, it can seem a bit complicated. &nbsp;So, let’s think of this who process like getting a loan from the bank in order to create value. For example, I have agreed with the bank to commit to some value between us (this is called pegging in blockchain jargon). &nbsp;&nbsp;I then do all sorts of weird and wonderful things to create value for me, independent of the bank – as long as the account is settled in full, the main blockchain doesn’t need to verify everything in real time. In crypto-speak, the bank represents the players providing the blockchain assets (e.g. a number of coins at an agreed price), I then do what I need to, without waiting for transaction settlements or worry about price volatility, and possibly most importantly, without the need for anyone really knowing who else is involved (at this point). &nbsp;Then, should I decide to do so, I can the details public.&nbsp;</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/Understand-Blockchain-854x427.jpg\" width=\"600\" height=\"200\"/></p>\n<h1><strong>Why would you need a sidechain?</strong></h1>\n<p>Until recently, sidechains were used primarily to test Beta releases of altcoins or software updates, and as you can imagine, this is quite useful to prevent inadvertent downtime. &nbsp;(If you are aware of the lag when coins introduce new algorithms or new functionality, you will understand how this could create undue negative publicity which in turn might be detrimental to the coin’s reputation.)</p>\n<p><br></p>\n<p>You may also have read from time to time that transaction settlement times have lagged, or perhaps noticed a purchase or sale of coins was delayed. &nbsp;The use of sidechains through the use of parallel computing could reduce this by taking authority/responsibility for a subset of transactions – much like going to a different branch of the bank because the queues are quicker.</p>\n<p><br></p>\n<p>So in short, the theory is that either that they will hit the ledger eventually, or that it doesn’t matter if they hit the ledger, as long as both parties can get on with what they need to do.</p>\n<p><br></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Let’s take another example to explain this. &nbsp;Say I’m a retailer selling clothing in a traditional fashion, I have a lot of upfront costs, overheads and ancillary costs associated with each sale. &nbsp;If I were to take payment via cryptocurrency rather than fiat, the buyer’s perception of the product’s cost would change on a minute by minute basis. By pegging the value of my outlays ahead of sales, I can offset some of the risks of price changes on costs. &nbsp;Bitmain, an ASIC miner supplier, do limited variations of this with some of their products – so you will find that the fiat amount to purchase an item will vary. However, they also revalue their products frequently, so when you spot that deal, you need to make that transaction quickly.</a></p>\n<p><br></p>\n<p>By allowing payment by crypto, I can broaden the appeal. &nbsp;If we take a look at Bitcoin prices, the highest price was over the US $19k in December 2017; in May 2018, the price was not above the US $10k. A sidechain won’t stop the value of Bitcoin waxing and waning, but it will allow me to not worry about the settlement times to the main blockchain so that I can smooth my business. &nbsp;I might then decide to fluctuate the amount of coin needed, rather than the amount of fiat needed to purchase items. At that point, I can decide whether to sell off the coin or retain for future gains in value.</p>\n<p><br></p>\n<p>As you might expect, massive growth is expected for sidechains to prove the foundation for massive blockchain scalability, to allow these types of “smart contracts” and the settling of transactions more quickly and at reduced rates etc.</p>\n<p><br></p>\n<p>Security and hedging of risk are other important being sought – with scams becoming ever more supplicated, these important features will help allay the fears for those who have not investigated the strategic value of cryptocurrencies to. &nbsp;Already, some countries are introducing regulatory control for crypto businesses and trading.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/06/hexagon-3420935_1920.jpg\" width=\"600\" height=\"200\"/></p>\n<p>&nbsp;</p>\n<h2><strong>How do sidechains really work?</strong></h2>\n<p>With so many possibilities and so many possible ways to implement a sidechain, there are only a few key players involved. &nbsp;Let’s call them the “user” (e.g. the customer), the “gatekeeper” (e.g. all the bits in the middle), and the “supplier” (e.g. like the bank). &nbsp;&nbsp;&nbsp;First the user triggers a function to lock a value (deposit) coins from the main blockchain (e.g. BTC, ETH, etc) into the sidechain to buy local units of whatever cryptocurrency takes their fancy – usually called the “altcoin” (for alternative coin whose features could include lower fees, faster settlement, anonymous transaction, more robust security, etc). &nbsp;Next, these units are transferred from the user to a “gate” contract with the main coin network.Simply put the transactions agreed between the user and the supplier are monitored by the gatekeeper to ensure that the gate contract is fulfilled on both sides by the authorized parties.Potential applications for sidechains are evolving almost faster than the technology allows, extending blockchain technology far beyond the vision of the founders. &nbsp;From financial services to secure storage of personal information, new worlds of possibilities are being developed on a daily basis. Virtually every new ICO (initial coin offering) in 2018 comes with the promise to implement smart contracts, scaling for data-intensive projects, incorporating anti-counterfeiting properties, etc.Coming back to the here and now, here are some platforms already/soon to be ready for commercial purposes to give you something more to think about.</p>\n<ul>\n  <li>Rootstock (RSK) is based on Bitcoin and rewards miners via merged mining. &nbsp;Rootstock aims to enable smart contract capabilities and transact payments much quicker.</li>\n  <li>Ardor’s Blockchain encompasses the blockchain-as-a-service philosophy</li>\n  <li>Blockstream and SONM aims to build or offer paid side stream services</li>\n  <li>Blockchain technology is being considered as a tracking system to help overcome current monitoring deficits in the trade of radioactive materials.</li>\n  <li>Zeepin, a new ecosystem – targeting the creative industries, aims to protect intellectual copyright, using blockchain technology to distribute profits.</li>\n</ul>\n<p><br></p>\n<p>&nbsp;Join the community of <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate</a> and connect your workers for profitable mining!&nbsp;&nbsp;&nbsp;</p>\n<p><img src=\"https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif\" width=\"480\" height=\"270\"/></p>\n<p><br></p>\n</html>",
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      "body": "I wrote about XDN Digital Note myself :)\nhttps://steemit.com/xdn/@lancine/digitalnote-xdn-will-i-buy-xdc",
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      "body": "<html>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/02/malware-mining-monero-image-sensorstechforum-com-1024x480-600x180.png\" width=\"600\" height=\"180\"/></p>\n<p><br></p>\n<p>Privacy within the cryptocurrency ecosystem is a much sought-after feature, and no one does it better than <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Monero XMR</a>. With ever increasing government and regulatory pressure, Monero offers a privacy solution in the form of ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destination addresses of all transactions on the network.</p>\n<p><br></p>\n<p>Key features of Monero include:</p>\n<ul>\n  <li>&nbsp;&nbsp;&nbsp;Security</li>\n  <li>&nbsp;&nbsp;Privacy</li>\n  <li>&nbsp;&nbsp;Untraceability</li>\n  <li>&nbsp;&nbsp;Fungibility</li>\n</ul>\n<p>Often hailed as the King of Privacy within the crypto community, Monero has recently come under close scrutiny for the distribution of hash power across the network. With the recent release by <a href=\"https://cnhv.co/1uh0t\">CoinHive</a> of a Javascript library that allows website owners to harness the CPU power of its users to mine Monero, it is clear that malware developers are utilizing this opportunity to make some serious money mining the coin, often by unsuspecting users.</p>\n<p><br></p>\n<p>Security experts are discovering that some of the largest malware and malvertising groups are deploying the <a href=\"https://cnhv.co/1uh0t\">CoinHive</a> script on a global scale. Online security firm Kaspersky has reported seeing over 1.65 million computers infected with cryptocurrency mining malware. As you can see from the most recent data below from the website MoneroHash, nearly 92% of the hashrate across the network is from “unknown” sources. Many security experts in the space believe that the majority of this mining is being done using malware.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/02/poolimage.png\" width=\"975\" height=\"618\"/><br>\n<img src=\"https://blog.minergate.com/wp-content/uploads/2018/02/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA-%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0-2018-02-28-%D0%B2-15.51.11.png\" width=\"1638\" height=\"1063\"/></p>\n<p><br></p>\n<p>The original idea behind the <a href=\"https://cnhv.co/1uh0t\">CoinHive</a> script library was to provide websites the option to forego advertising in exchange for users mining cryptocurrency. This would provide website owners the option of having a cleaner looking website without a lot of advertising distracting the users. This seems like a good idea in practice, but only if users “opt in” to the service. Malware developers have basically taken the code and modified it so that website users are unaware that they are mining the coin.</p>\n<p><br></p>\n<p>Taking it a step further, malware groups are embedding the mining script into typosquatting domains. These are domain names that are registered as common “typos” that a user might enter when trying to reach a website. For instance, someone recently registered the domain name “twitter.com.com” and embedded the <a href=\"https://cnhv.co/1uh0t\">CoinHive</a> script into the webpage. Users that incorrectly entered the Twitter.com domain name would be unsuspecting miners of Monero, with all of the mining proceeds going to the hacker. Although the user would quickly realize that they were on the wrong site, with hundreds or thousands of these domain names registered, you can see how the mining revenue could add up pretty quickly.</p>\n<p><br></p>\n<h1><strong>Why Monero?</strong></h1>\n<p>Many security experts believe that there are two main reasons that malware developers are utilizing the <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">Monero XMR</a> coin for covert mining. First of all, the coin can be easily mined using a CPU. With most of the world’s computers lacking GPUs and ASIC components, this is the perfect coin to mine when launching a global malware attack of this nature. Literally ANY computer or smartphone can mine Monero. Second of all, Monero contains three very powerful privacy components that allow everything the malware developer does to essentially be invisible. Monero hides the sender, the amount being sent, and the recipient. Although privacy is one of the most important features that a cryptocurrency can have, it is a double-edged sword in that it allows hackers and malware developers to work in the shadows.</p>\n<p><br></p>\n<h1><strong>How do you protect yourself?</strong></h1>\n<p>Many users want to know how they can protect themselves in this ever-changing landscape, so I’ve listed a few of the best resources below:</p>\n<ol>\n  <li>AdBlock Plus and AdGuard are popular ad blockers that provide detection of the <a href=\"https://cnhv.co/1uh0t\">CoinHive</a> Javascript library</li>\n  <li>AntMiner, No Coin, and minerBlock provide Chrome extensions that scan your browser and terminate anything that looks like <a href=\"https://cnhv.co/1uh0t\">Coinhive’s</a> miner script</li>\n</ol>\n<p>Another way to protect yourself is to make sure that you are viewing correct web domains. Use bookmarks to browse to your favorite sites instead of typing the domain name into the search bar. This will ensure that you do not type the wrong address and go to a typosquatted domain. In addition, you can periodically monitor the processes running on your computer. If you are only using a web browser, and your CPU power is maxed out, there is a good chance that you could be inadvertently mining Monero or have some other malware running in the background.</p>\n<p><br></p>\n<h1><strong>How can you profit from mining Monero?</strong></h1>\n<p>Many would argue that the distribution of the hashrate across a large number of computers only helps to strengthen the decentralized nature of the coin and is in fact a good thing. Whatever your views on the current state of Monero, it is still a highly profitable coin to mine for the everyday computer user. Instead of mining for malware developers, why not mine it for yourself and reap all the benefits!</p>\n<p><br></p>\n<p>On the popular website <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate</a>, Monero XMR is currently listed as the most profitable coin to mine with a CPU. You can check out how much you can earn by using their Mining Profitability Calculator.</p>\n<p><img src=\"https://blog.minergate.com/wp-content/uploads/2018/02/miningcalculator.png\" width=\"975\" height=\"588\"/></p>\n<p><br></p>\n<p><a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate</a> makes it incredibly easy to mine cryptocurrencies by doing all of the work for you. It also mines the most profitable coin according to your hardware. If you want to make some extra money with your computer, just download the MinerGate Software, and you can begin mining Monero XMR and other coins in a few minutes. Happy mining and be safe out there!</p>\n<p><br></p>\n<p>&nbsp;&nbsp;&nbsp;Join the community of <a href=\"https://minergate.com/a/e95bcb0cb14854e2022ca5fa\">MinerGate</a> and connect your workers for profitable mining!&nbsp;&nbsp;&nbsp;&nbsp;</p>\n<p><img src=\"https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif\" width=\"480\" height=\"270\"/></p>\n<p><br></p>\n</html>",
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