Archive for the ‘Crypto Coins’ Category

It seems that there is an interesting new cryptocurrency called JSEcoin that is targeted at offering webmasters a different way to monetizing their website traffic. Essentially allowing visitors to the website to mine the cryptocurrency with the help of small piece of javascript code embedded on the blog or website. The algorithm is not very heavy or demanding and the mining process itself does not seem to be taking too much CPU resources (it is CPU only), so the computer remains responsive and working just fine as if it is not calculating anything. This is making it pretty interesting for owners of big websites with more visitors, especially visitors that stay longer, but also makes it easy for regular users that are not yet into cryptocurrencies to actually get into mining this new cryptocoin as it only requires you to open a website and not do a lot of complicated stuff.

At the moment website mining is working and the platform is looking for website publishers that are interested in embedding the mining code to try it out (we are currently testing it here already). Investors are also welcomed with various options available for purchase of JSEcoins at a rate of $1 USD per JSE. Unfortunately there is currently no way to cash out your JSE coins, this should be possible after a planned ICO for around Q2 2018, you will then be able to transfer JSEcoin to exchanges and swap for Bitcoin/USD etc. according to the authors of the project. The platform is currently being integrated with Metamask – a Chrome based wallet which facilitates Ethereum ERC20 transactions and can export private keys for offline storage. This should be released by the beginning of November 2017 and thus provide a wallet available to store coins outside of the JSE platform.

So what is the total amount of possible earnings per day? 1440 coins are currently being distributed to publishers and 720 coins for self-miners on the platform, so a total of 2160 new JSE coins per day are being generated with a bit over half a million coins in circulation already according to the developers of the project (from early September). Out of those tokens 100,000 have been retained by the company and another 400,000 are for the co-founders of the project, so the actual number of coins in circulation in the hands of users is really just a few tens of thousands. According to the whitepaper the Minimum Final Distribution is going to be 10,000,000 and the Maximum Final Distribution: 100,000,000.

The answer to the question is it risky is yes, it is, but then again early adopters do have the chance if things pick up to get a much higher reward for being there right from the start. Our recommendation is just to give it a go and see for yourself, mining locally or through your own website or blog. We are not giving you investment advice here, this is for you to decide, but as far as mining goes you should go and give it a try for sure.

For more information about the project JSEcoin and to give it a try yourself…

There is less than a day left until the Cryptonomos platform completes the Giga Watt (WTT) token sale. You have just a bit short of 12 hours left to take part if you find this token interesting and meaningful as it already has a successful underlying service for hosting crypto currency miners and is going to expand it further with the help of the tokens. The token sale is close to the 20 million mark, though it has not yet reached it and the original goal they were aiming at was 30 million. Buying tokens at the last moment comes at a bit higher price of $1.20 USD per token, but that happens if you wait for the last moment to act. Still you have some time to act and not miss the chance of supporting the expansion of Giga-Watt’s facilities and getting some WTT tokens that can be used to host your own miners or be rented to other users that want to get a better deal on miner hosting.

For more details about the Cryptonomos platform and the Giga Watt (WTT) Token sale…

The fears of unintentional Bitcoin split due to the activation of SegWit may have been averted and chances of this happening may be low, but that does not stop people from actually doing intentional fork of Bitcoin (BTC). Bitcoin Cash (BCC) has been announced as an upcoming split from Bitcoin with a protocol upgrade to fix on-chain capacity, without changing the economic rules of the Bitcoin and without SegWit. Bitcoin Cash (BCC), apparently driven mostly by Asian miners and crypto community members, will fork on August 1st as per the announced plans for the project.

Bitcoin Cash (BCC) will be a fork of the Bitcoin blockchain 1:1, meaning that on August 1st you will get as many BCC coins as you have Bitcoins in your wallet. It is advised that you keep your Bitcoins in a personal wallet where you control the private key in order to be able to claim any Bitcoin Cash coins as keeping coins on an exchange will not work unless of course that exchange adds support for BCC. It is yet to be seen what the value of the new Bitcoin Cash coins will be and if it will get enough user traction. We could be looking to something like the Ethereum and Ethereum Classic split from last year, and this is what will most likely happen with Bitcoin still remaining strong.

Bitcoin Cash (BCC) will come with an immediate increase of the block size limit to 8MB from the current limit of 1MB that Bitcoin currently has. It should offer Replay and Wipeout Protection permitting the safe and peaceful coexistence of the two chains. Bitcoin Cash introduces a new transaction type as well as a bit different difficulty adjustment algorithm. After the fork happens miners will need to switch to different pools in order to be able to mine BCC coins and initially the hashrate on these will be pretty low, making it attractive for miners to temporary switch hashing power from Bitcoin mining to BCC. Then again it is also important what the price will be and which exchanges will jump on the train supporting the new fork.

For more details about the upcoming Bitcoin Cash (BCC) fork on Bitcointalk…