Augur’s Reputation Crowdsale Finishes With Over 5 Million USD

2 Oct
2015

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You can say that the Reputation crowdsale that is now over for what is being called the world’s first decentralized, prediction market – Augur, has been quite successful with over 5 million USD equivalent in Ethereum and Bitcoin collected from 4550 users. The “distributed oracle” application uses Ethereum’s network and is just one of the many Decentralized Applications (DAPPs) that are currently being developed. This is just demonstrating the interest and potential for development of decentralized applications powered by a blockchain and is supposed to realize the full potential of the Ethereum by design. At the same time lately we have been seeing a drop in the price of the Ether coins that are the currency of Ethereum currently being mined by users for a little over 2 months now. Since Ethereum is actually relatively new crypto currency, especially if you consider when was the official launch of the network, even though it has been under development for quite some time we should just now start seeing its potential actually being shown with decentralized applications such as Augur. Do note that Augur has not been officially launched, just their crowdsale of Reputation has finished even though they have a working Alpha version available to get an idea what the platform will offer.

Crypto Coins to Check Out for CPU Mining

1 Oct
2015

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Even though most people are either GPU mining or using specialized ASIC miners for most crypto coins, there are still some that are only CPU mineable or at least are worth CPU mining even if they do come with a GPU miner as well. Since we are getting questions what crypto coin to mine if you have some spare CPU power available, we have compiled a short list of coins that you might want to check out. Do note that with a single CPU you will most likely not earn much mining any CPU coin, but if you have multiple CPUs available along with free electricity the outcome might be better…

Crypto coins to check for CPU mining:
– Boolberry (BBR)
– Coin Magi (XMG)
– Cryptonite (XCN)
– DigitalNote (XDN)
– Monero (XMR)

The list is alphabetically ordered are there are a few other CPU coins available as well besides the ones listed above, many of these based on the CryptoNight algorithm used by XMR and some others as well, so if you are interested you can dig a bit more into the alternatives. Alternatively you can look for new coin launches that only come with CPU mining, these can be profitable to mine initially as well.

X11 Cloud Mining Now Available from Genesis Mining

30 Sep
2015

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The cloud mining company Genesis Mining has just added X11 algorithm cloud mining plans, something that we’ve been waiting for eagerly to happen. No, there are still no ASICs available for X11 mining, what they are using are GPUs for the mining and you can purchase X11 cloud mining hashrate for $24 USD per MHS for 1 year contract with no maintenance fee! Yes, you heard it right, there are no maintenance fees for the X11 cloud mining hashrate – all you have to do is pay the price per MHS and you get all of the mined coins as profit for the next year. Going for 20 MHS worth of X11 cloud mining hashrate you will have to pay $420 USD ($21 USD per MHS) and if you go for 100 MHS X11 hashrate the price is $1900 USD or as low as $19 USD per MHS. Of course you can purchase any hashrate in between these preset options for contracts with the bigger ones offering a nice discount, but there are more good news available to current and new customers of the service.

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Purchasing X11 cloud mining hashrate from Genesis Mining will allow you to mine Dash (the former DarkCoin), Startcoin or to mine the most profitable of these two and automatically convert to Bitcoin (BTC) with more X11 coins to be available soon as well. Furthermore there is a loyalty program giving 5% discount off the regular prices mentioned above on X11 cloud hashrate for everybody that purchased hashpower from the company in the past. If you are a new user and use our special discount code you will get 3% discount off the regular price for the new X11 cloud mining contracts, so you can get a better deal for the price per MHS as well – all you have to do is to enter the promo code CryptoMiningBlog5 during checkout for the extra discount. So you can really get a great deal on the prices of the X11 cloud mining hashrate, we are off to purchasing some X11 hashrate and trying things out.

– You can get more information about the new X11 cloud mining services by Genesis Mining here…

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