What is cryptocurrency
What is Bitcoin
What is Blockchain
What is a Wallet
How to Buy and Sell Cryptocurrency
What is Mining
What is Cloud Mining
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Electroneum is a kind of mobile application for accessing crypto currencies. This application permits the users to send and receive payouts and also to manage and monitor their online funds. It is easily understandable for all types of users. It can be accessed even by an ordinary user. It is being designed on a custom blockchain with a variety of special features.
Unique features of Electroneum:
-It is simple, transparent, user – friendly and easily usable in nature.
-It provides full security by offering offline wallets.
-It holds a professional team of engineers and developers with vast experience and success record.
-It focuses on the convenience of the users by allowing scanning of simple QR code.
-It ensures unlinkable transactions and untraceable payments.
-It does not need any special type of technical knowledge from the users.
-It also does not require any special hardware for the mining of crypto currencies like bitcoins (BTC) or Ethereums (ETH).
-It provides a great experience to the crypto currency miners.
-It provides an API integration that facilitates third party payments.
-It offers an unique chance to the investors and also gives several discounts to them.
-It is as best as bitcoins in the aspects of security and speed.
-It facilitates anonymous and faster transactions, which can be done even in seconds.
-It avoids hacking of wallet contents and transaction history from unauthorized users.
-It holds transaction hashes, which can be accessed easily by the public.
-It does not impose any charges for the creation of offline wallets.
-It allows bulk transfer of electroneum coins to the users’ wallets.
-It provides very quick potential returns upon the investments made by the users.
-It allows the transfer of currencies between various games and applications.
-It dominates the market of mobile currencies.
-It offers special equipments for the mining of crypto currencies.
-It can be operated at an extremely low cost on 3G/4G data.
-It makes the mining process easier with the help of an open – source mining pool software.
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-Percentage of bonus offered for the last week: 0%
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What is Ethereum?
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM).
So I have been mining Ethereum for some time now. I mine it on a Cloud site and I mine it with my GPU. Depending on what suits you. I think they both work. I prefer cloud mining as less cost and easier to mine but more risk as sites can go down. But I have found a Site I use and Recommend as I have used them for a year and half with no faults and no issues. I recommend HASHFLARE.
What is Hash Flare?
HOW IT WORKS?
Miner is a highly efficient piece of mining equipment specially designed for cryptocurrency mining. Our datacenters house hundreds of miners.
Miners are connected to pools. There are many pools so HashFlare allows you to connect to ones you choose. This allows you to find the most profitable combinantion.
Next, all mined cryptocurrency is distributed among all customers of HashFlare depending on their share of hashrate in the whole system.
So That is Cloud mining. But you can also Mine With your GPU.
What Is GPU Mining?
A Bitcoin mining module is usually a worker as assigned in the Bitcoin miningsoftware. For example, four GPUs are plugged into the motherboard constituting the Bitcoin mining hardware. Then the Bitcoin mining software identifies each GPU as a unique worker.
So this example is about Bitcoin but I am using my GPU to mine Ethereum which is more profitable. As it works better with a GPU processor. So in order to mine with your GPU.
You will need to mine with a pool or solo. I prefer Pool mining which this is about if you want to solo mine you will need to research on youtube.
The pool I am mining with is called ethereum.miningpoolhub.com
Its easy to join its free. Get your self setup then all you need is a good GPU. and you willl need a GPU miner. Ether for Nivida or Radeon. What ever you have you need one. I use QTminer or Claymore miner.
There are many videos on how to get setup I have made a video on my proof of progress and how I use qtminer to mine I will post it below this to show you how to get started.
Well i hope this will help you get started and to the future of ethereum.
If you need a wallet then I recommend Coinpayments as it supports 50+ coins. And works well easy to setup multiple wallets Free to join.
Whattomine.com is a great Site that can assist you in choosing the right coin that suits your setup.
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