Tag: ETH

Bitcoin Investors Beware: Ripple/XRP Price Skyrockets

Bitcoin’s recent surge has dominated public attention the past few weeks;, however, on the 23rd of August, the XRP price also experienced a spike in value, raising its market cap to $11.2bn from $6.6bn the previous day. The cryptocurrency’s total capitalisation subsequently settled down before bumping up again on the 29th. It is holding steady around $8.4bn at the time of publication.

Three Reasons the XRP Price Increased

Firstly, Ripple (the company behind the cryptocurrency) is benefitting from XRP’s adoption amongst big banks who are taking advantage of its fast transaction speed and secure network. This allows for effective intra-bank trading as financial institutions are finally able to escape the limitations of the current outdated infrastructure. Ripple has also admitted that they have sold their currency to established banks at a discount to encourage them to become market makers and confer greater legitimacy to the project.

Secondly, Ripple recently met with a group of bankers, academics and industry influences to both discuss the cryptocurrency’s future and encourage cooperation between China and the US when it comes to the development of digital currencies. Shortly after the news, XRP’s price enjoyed its second bump in value. This is hardly a surprise – as more respected individuals associate themselves with the project, the subsequent increase in credibility is matched by an increase in value. Ripple is unashamedly aware of this and is known for stimulating credibility to fuel XRP’s valuation. For instance, the company recently invited Anja Manuel (an official from the US State Department) to their board of directors to provide support for their upcoming expansion into China. As a further example, Ripple has announced they will be holding a mid-October event in Toronto and will feature guests like Sir Tim Berners-Lee and Dr Ben Bernanke. When you get the father of the World Wide Web and an ex-chairman of the Fed in the same room, people start to pay attention.

Thirdly, an enormous amount of XRP trading occurs in Korea. 40% of all global trading volume in the past few weeks occurred between XRP and KRW (South Korean Won), suggesting that sentiment in the Asian markets played a big part in the cryptocurrency’s price spike. This is supported by an overall hike in crypto prices last week after the jitters caused by North Korea’s recent missile launch pumped the value of altcoins before investors flipped the coins for a quick return.

Conclusion

If the past few weeks have shown us anything beyond the fact that predicting the value of cryptocurrencies is becoming increasingly complex, it’s that credibility should not be underestimated. While Bitcoin has always had the first mover advantage, the currency’s recent and potential forks may push investors to move their funds towards a more reliable cryptocurrency. Ripple will undoubtedly ensure that XRP is perfectly placed to fill that demand.

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Nicehash Mining Ethereum 46Mhz

What is Ethereum?

source: Ethereum Youtube

I have been mining for couple years when I started Ethereum was only worth about $5. I mine other coins and I have a great site that gives you best results to find out which coin to mine with your setup. Check it out: Whattomine.com

I recently built a Rig and I am trialing it as I am not super rich and I couldn’t afford 6 GPU’s. But don’t let that restrict you. You can mine with one or more cards. You will get returns. My ROI on my two cards are as follows:

RX480 8GB Radeon Powercolor – 28mhz 55Days

RX580 4GB Radeon Gigabyte – 22mhz 75Days

I am using a AMD setup you can use Nvidia and Intel but i Find AMD Radeon cards better and cheaper .

Currently I am using a Site called Nicehash If you interested in it follow this link.

Nicehash

You can buy power with them or sell it by mining. They support many Algorithms. So any one can mine there. I am mining ethereum through DaggerHashimoto.

Here is my Daily stats:

Ethereum day

I think If you can afford more GPU you have better options. Or Start off small. There are other coins Like :

coins.png

These stats are on two RX480 Radeon 8Gb Cards. But I am not far off.

So I said i would show what I have used in my Rig setup:

  • Gigabyte Radeon RX 580 Gaming 4096MB GDDR5 PCI-Express
  • Power color Radeon RX 480 Gaming 8GB
  • EVGA SuperNova P2 850W ’80 Plus Platinum’ Modular Power Supply
  • Kingston Fury Black 8GB (2x4GB) DDR3 AM3+
  • Kolink PCI-E 1x to 16x powered Riser Card Mining Rendering Kit Pro – 1m
  • Motherboard GA-990FXA-UD3 Ultra
  • Kigston 120GB SSD Drive

Roughly Total Price of this setup is £800+

If you cant afford that then there is other ways Like I also mine on Hashflare Check it out. Best Cloud Mining site.

Cloud Mining Is another great way to mine with out the hassle of building a rig and having to build one. so You need to decide what best suites your needs. I recommend both.

 

So If you want mine with your own Rig then Click Here to use Nicehash Miner

Or

 

If you want to Cloud mine Then Click Here

Two Recommend Wallets

  1. UQUID

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Now this is a Crypto Card you want supporting over 89 different crypto-currencies. With over 50+ countries world wide. Amazing Grab one now Free to Sign up. Card only Costs $14.99 Euro and USD welcome
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2. Coinpayments

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Other pool I recommend

https://miningpoolhub.com/

https://www.nicehash.com/

https://ethermine.org/

Hope you enjoy mining as much as I do. If so Subscribe to My YouTube Channel for further updates:

Michael van breda Youtube

Or

Follow This Guy He is Amazing and knows his things

IMineBlocks

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What To Mine with Your GPU?

So I have decided to talk about Crypto Mining as it is a passion of mine. I found this great site that allows you to check what coins are profitable and what you can mine with your GPU. That will bring you the best returns.

Check out this site Click Here

I have made a video on here to show you the site and what i think its best coins to mine. I am using a Radeon RX 480 Devil 8192MB GDDR5 PCI-Express Graphics Card. To mine Zcash and Ethreum. But you can use different ones depending on the coin.

Check out my Video now.

 

 

Pool coins to use

https://ethereum.miningpoolhub.com/

https://zcash.miningpoolhub.com/

 

What to Mine on Twitter

Follow WhattoMine Twitter

 

Michael van breda

Subscribe to My Channel