The CryptoNote Technology

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Cryptonote is an open source technology that contains concepts for the cryptocurrencies of the future. The white paper for this exciting new technology can be found here. In this paper the creator of Cryptonote Nicolas van Saberhagen explains the technology behind his idea and compares it to bitcoin technology. Coins created using Cryptonote are the following. CryptoNoteCoin CryptoNoteCoin is the reference implementation and the technology showcase of CryptoNote. It is designed to have zero commercial value since its genesis block is replaced every 2 months. For those willing to start their own CruptoNote-based coins, CryptoNoteCoin will pave the way for a smooth launch and unhindered emission. All in all the

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Success of a COIN

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The first and most important thing to consider is which algorithm to use since there are so many out there, sha256, scrypt, scrypt-n, x11, x13, groestl, blake, fresh to name a few. Besides that a new algorithm could be invented and implemented. The coin also needs to have a vast social media coverage a long time before the coins launch using its main powers, For example Snowballs coin (balls) has a 13% per day interest just for holding it in your wallet. Pos coins although are a different piece of the same pie. The first months of the coins life merchants and exchanges acceptance must be very high, this will

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How to setup a completely secure online wallet for any coin in windows

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Wallet security in the altcoin world is one of the most important tasks a user has to master. It must provide peace of mind and readily available funds at the click of a button. The following tutorial will show you how to make a sandbox in a windows 7 installation and install any wallet you want to. We will in sense create a secure and clean Windows 7 installation running inside Windows 7.   The wallet will be online and can stake or send and receive funds just like any other normal wallet. Just follow these simple steps to get started. You will be needing a valid Windows 7 cd

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The Snowballs Experiment

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A lot of Alt-Coins exist in the Crypto sphere nowadays. Most coins use technology that is either Proof of Work, Proof of Stake or a hybrid Proof of Work/Proof of Stake system. The major difference between these two systems is that miners of Pow coins use the power of their hardware to “mine” the coins in contrary to Pos coins that blocks are split relative to current wealth, so someone possessing 1% of the coin currently in existence could “mine” 1% of the Proof of Stake blocks. This percentage depends on the coin. Enter Snowballs coin. Snowballs coin is a hybrid Pow/Pos coin with 1.000.000 coins Pow phase followed by

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New coin on the block

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Munne is a new coin that is being distributed by ICO through Bittrex. Looks like the developers are doing their best in order to provide a smooth and fair launch gaining people’s trust with just a look at the announcement thread on BTT. At the current time there is a big sell order of 10 million MNE. In order for the coin to launch and start off 3 million coins is the least that must be sold. If no more than 3 million coins sell then a buy wall will be set by the ICO HOLDER (Bittrex) so people can get their BTC back by sellin their coins at the

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Choosing your Alt

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When time comes to choose which altcoin to mine you have to take many things into consideration: You have to decide wether you want to leave it on autopilot or rush it and make the most out of it. Mine and Hold or Hit and Run Specifications and Dedication of the Development team Potential of altcoin Launch Calendar  If you want to mine for profitability but you don’t have the time to watch over your miners and switch them between pools then you can always use pools that use auto calculating algorithms to switch automatically to the most profitable coin against LTC(Litecoin) at the moment. Some of these pools auto

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The Kinslayer

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“Kinslayer refers to someone who commits parricide.(killing his father)” Sometimes children overtake their parents to the point of no return, for both sides. Most times this is caused by the fact that they improved disadvantages that their parents didn’t the right time letting space for mishappenings .   There are some coins called “second generation coins”. One of those first coins was NXT(ticker for Next Generation Coin). It’s not nice when you miss the train and in my opinion almost everyone of us lost the train expect those 73 stakeholders that where at the right spot the right time. NXT is indeed a next generation coin if you take into consideration all

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Mining Rig Rentals GUIDE

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Some times it’s hard to host your own miner and the coin that you want to acquire hasn’t hit any exchanges yet, or even better it’s getting launched very soon. There is always the renting option!! Exactly, you can rent somebody else’s miners and take control of them in order to point the hashing power to whatever coin or pool you’d like. Best service in my opinion is MRR (Mining Rig Rentals). Fast reliable and support is always there to solve any problem that might happen.   1. Register an account on MRR 2. Fund account with BTC 3. Choose what kind of algo you want on the right column of

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Cloud mining

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You can always use cloud mining if you don’t have time to set up and maintain your physical miners.There are many companies out there offering lots of contracts where you can buy hashing power host and maintained  at a co-location where you don’t have to worry about noise, dust, electricity and everything included in maintenance. BE AWARE OF SCAMS Very well known in cloud mining services is cex.io. This was the first service I used before I purchade my physical machines. (I would recommend it for hashing power trading GHS/BTC and not temporary mining).  You buy hashing power which you can later sell back to the market at a different price this time

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The Basics of Mining

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When it comes to mining there are a lot of things to keep in mind. If you just start without any guidance there is a big possibility of not breaking even or seeing ROI(ROI stands for Return of Investment, It’s when you have taken back the money you invested and start seeing some real profit). ROI IS THE TARGET!!! NOTICE: Keep in mind that mining is not a printing machine rather than a service. We mine to ensure the security of the protocol FIRST, and we use the minings to cover basic costs and provide coins to the market.Or else there is no fluctuation or coins to go with.(I make money trading my minings and

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