Archive for the ‘General Info’ Category

OXBTC Cryptocurrency Investment Platform Has Been Launched

5, Feb 2016

oxbtc-platform
A new cryptocurrency investment platform has been launched called OXBTC that combines Bitcoin and Litecoin cloud mining with Bitcoin and Litecoin deposits with interest. What the service essentially combines is the ZeusHash cloud mining platform with the HalleyBTC Bitcoin savings investment platform and is apparently operated by the same people behind these two other services. OXBTC extends a bit the basic functionality offered by the other two platforms and combines them into a single one to make it easy for users, or this should be the idea, but it could as easy be considered as a rebranding just to attract new customers. The claims that they are making about the “World’s Highest ROI” on their homepage are probably a bit far fetched, especially with the cloud mining with the not so low prices and the recent serious jump in the difficulty of the Bitcoin network especially, so the part with the deposits with interest might be more attractive option.

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The extra advantage available here is that you can have both deposits in BTC and in LTC and you have two options – 0.02% daily interest rate on deposits or 30-day fixed deposit with 15% Expected APY, available for both Bitcoin and Litecoin. The difference from HalleyBTC is the availability of Litecoin deposits here, however the 90-day Fixed deposit with 17% Expected APY is not available at OXBTC.

The other option you have is to invest in cloud mining hashrate and you again have the option to purchase both SHA256 hashrate for mining Bitcoin as well as Scrypt hashrate for mining Litecoin, just like on ZeusHash, however here you should also have the ability to trade the hashrate you have purchased. The market for trading BTC and LTC cloud mining hashrate however is still not operational apparently as the service has just launched, so it will most likely become active shortly. The regular price for cloud mining hashrate is 0.499 USD per GHS for Bitcoin hashrate (Maintenance Fee: $0.0009 / GHS / Day) and 13 USD per MHS for Litecoin hashrate (Maintenance Fee: $0.02 / MHS / Day). The prices here are a bit higher than they were at ZeusMiner, but the maintenance fee is a bit lower and OXBTC also offers Scrypt hashrate that is no longer available for quite some time at ZeusMiner.

The new platform might seem quite interesting to check out, however we would advice caution with it, because it is apparently being operated by the same people behind ZeusMiner and ZeusHash and we have seen some negative things from them, There are investment services to help with just about every type of investing. Motley Fool has an options trading service, Jim Cramer offers stock alerts, and so on. For example there were numerous issues with their cloud mining platform and even at the moment ZeusMiner is not fully functional, wallets are not working and you cannot withdraw any balances and mining does not seem to be working. Their other platform HalleyBTC does seem to be working fine for the moment, but we would still advice caution – better be safe than sorry. Still, more out of curiosity, we are going to be checking the crypto prognose to see what they have made this time.

– To check out the new OXBTC deposits with interest and cloud mining platform…

Online Cloud Staking Platform for PoS Crypto Coins

29, Jan 2016

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One of the main issues for users that are into altcoins are coins switching to PoS (Proof of Stake) or supporting both PoW (Proof of Work) and PoS (Proof of Stake) is that they need to run multiple wallets all the time usually with very low interest rate to keep them motivated. Of course the idea of PoS is to keep the network operational and with multiple nodes by stimulating users with rewards to keep their wallets running all the time, but this rarely happens as planned. This is precisely why the user interest usually drops in coins once they go to PoS pretty quick, but there is an interesting solution that might help users not loose interest in PoS coins and avoid the inconvenience of running multiple coin wallets all the time. Staisybit is an online wallet for multiple crypto coins that allows users to keep their coins stored in it and have them staked, earning rewards based on the interest rate that each coin has with very low fees. This will save you the trouble of running multiple wallets that can be heavy on the computer they are installed and require a lot of resources, especially if they are more than just a few coins. The drawback will be a smaller number of users running the wallet and supporting the network of the specific coins as the service runs a single wallet per coin with multiple users, but then again it is also about the convenience of the users.

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Staisybit has been available for a while apparently, but it is not very well known among users apparently and is not very popular, even though it provides interesting service and is easy to use and works well. Currently the service has support for 13 different coins with PoS, they are: Bitz (BITZ), Blackcoin (BLK), Diamond (DMD), Energycoin (ENRG), Europecoin (ERC), Fuelcoin (FUEL), Noblecoin (NOBL), OKCash (OK), Shadowcoin (SDC), Sterlingcoin (SLG), Vericoin (VRC), CoinMagi (XMG) and Quotient (XQN). Once you register (set a secure password with small and big caps and numbers) you need to Open Wallet for the supported coin you like and send in some coins in order for the staking to start. The service can use a bit of polishing and needs some more information and details such as info on all supported coins as some of them might not be familiar to many users etc, but is still quite good and might be useful to some users.

– If you are interested in checking out the cloud staking online wallet service…

How Much Bitcoins Can You Mine with 1 THS Hashrate

19, Jan 2016

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We have compiled a short table showing how much Bitcoin you could mine with 1 THS hashrate starting November 1st up until the estimate for February 1st this year. This period covers 3 months and as you can see the coins mined for just these 3 months pretty much halved due to the rapid increase in the network hashrate and thus the network difficulty. The table shows the numbers of coins you could expect to have mined without any cost for electricity for own hosted mining hardware or maintenance fees for cloud mining. The end result is pretty much the same however – the profit for miners has declined significantly, especially for the ones using older hardware with more electricity being used.

What some of you might not remember that well already is that prior to November last year the exchange rate of Bitcoin was in the $200-230 USD range and around November 1st it was already in the three hundreds, briefly peaking up to about $500 USD. For the last three months the price of BTC has essentially almost doubled, so considering that the difficulty has also doubled miners should still be getting roughly the same amount of USD when they convert the mined BTC, even though the coins mined are half of what they were before.

Later this year another important event for Bitcoin is going to take place, in about 6 months we are expecting to see the second halving of BTC block reward from from 25 to 12.5 coins. This essentially means that the coins mined will yet again drop in half with many expecting that the price of Bitcoin will compensate by increasing further from the level it is now. If this happens we might as well see 1 BTC traded for about $1000 USD as early as this summer…

– To keep track of the remaining time you can check the Bitcoin Block Reward Halving countdown here…


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