Archive for the ‘General Info’ Category

poolwarz-waiting-queue

With so many alternative crypto currencies nowadays it is hard to keep track of all of them, so services such as PoolWarz appeared that offer to provide you with a single mining pool where you can mine the right alternative currency at the right moment. This happens by tracking the exchange rates and difficulties of many alternative crypto currencies and calculating the most profitable at the specific time, so that the workers in the pool can be switched to mine that exact cryptocoin.

You might be already multiple crypto currency mining pool like the Multipool (only a mining multi pool) or CoinEX (multi pool and exchange in one), but there is a new interesting player called PoolWarz that is supposed to offer a more streamlined and user friendly interface. This service is still in beta and there is a long queue already by people that are waiting in line to get their chance to register and try it out. We just tried it out and got a message saying 6233 people are waiting in front of us to try out the service, so you can save some time and not bother with PoolWarz for now and instead go to some of the other services we’ve mentioned already that allow you to register and start using them immediately!

Update: Now, about a month later we’ve checked the situation and the website reports that there are currently 1233 people ahead of us, so as we’ve said – do not bother with that service for now at all. There are many other alternatives that will not tell you to wait for them for months just to try them.

Update 2: Five weeks later since our signup and we have finally received a login for the Poolwarz service, so we are going to be able to try it out finally.

crypto-exchange-rate-chart-ltc-usd

Here is a short list of the bigger and more popular crypto currency exchanges out there that trade with not only Bitcoin, but Litecoin as well as many other alternative cryptos. Some of these exchanges are trading only between different crypto coins for example BTC for LTC, or DOGE for BTC and you cannot buy with money in them – Cryptsy, but others also trade with real money and you can both deposit and withdraw in cash as well as in cryptocurrency – Mtgox. There are even exchanges that only serve to connect the traders – Local Bitcoins.

Worldwide:
Coinbase
Cryptsy
Bittrex
Vicurex
Kraken

Europe:
BitcoinDE
BitStamp
Bitcurex
The Rock Trading

Russia/China/Asia:
Bter
OkCoin
BTC-E
BTC China
Anxbtc

Norway:
Just Coin

Canada:
Cavitrex

USA:
Campbx

Israel:
Bit2c

Others:
Local Bitcoins
Coinomat
Virwox

Now, although most of these crypto exchanges are listed under different countries and just a few as worldwide, in almost all you can trade regardless of your location though for some there could be a language barrier if they were designed to serve only a local market and do not have an English version for example. The only more serious problem with some is the ability for you to withdraw cash from the exchange if it also operates with real money and not only trades with crypto coins. So do take some time and check them out and find which ones can be useful for your specific needs… there are of course more exchanges out there, so this is not a complete list, but more of a good starting point.

bitcoin-wallet-importing-blocks-from-diskw

If you are just getting into Bitcoins and started by installing the Bitcoin wallet on your computer you may notice that the synchronization process with the Bitcoin network is taking up quite some time. This is due to the very large blockchain that has been generated so far and it will continue to grow even bigger, so besides more than 10 Gigabytes of space you need to be ready to wait a bit. There is however a clever solution that might speed thing up, you can download a file to help you import most of the blockchain locally much faster and then synchronize with the rest of the network in no time.


What to do guide:

– Download and install the Bitcoin wallet software, run it and then close it.
– Download the bootstrap.dat file (via a torrent client).
– Copy the bootstrap.dat file in the folder \Users\YOUR_WINDOWS_USERNAME\AppData\Roaming\Bitcoin (for Windows) or in the Bitcoin data folder for other OSes
– Run the Bitcoin software to import most of the blockchain locally and then to download only the rest and synchronize the client

This will get you up to speed and running in no time and much faster than running the Bitcoin client and waiting for it to download and synchronize the complete blockchain from the start to the most recent blocks.


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