mcxnow-crypto-currency-exchange

We have already mentioned a service called Crypto Shares that gives you the ability to buy shares earn dividends on them in various crypto related services and even some crypto exchanges. But another exchanged called MCXnow seems to have implemented this approach directly in their own system, you can buy the so called mcxFEE in that exchange that is essentially like a shares of the exchange. There are 100000 mcxFEE total out of which 50000 have been released to the public and are traded on the exchange so if you buy 1 mcxFEE you will receive 0.001% of all exchange fees MCXnow generates. The more of these you purchase, the more from the fees that the exchange collects will be credited to you and the more people trade there the more you will earn. Have in mind that this is a long term investment with a relatively low return rate as compared to what you will have to pay for obtaining 1 “share”, but as you probably will not be mining forever it is a wise idea to invest some of the mined coins into something that will bring you profit on the long term. You are going to be credited your share from the owned mcxFEE every 6 hours depending on the traded alternative cryptos and the collected fees you may receive different kind of cryptos and different amounts each time.

mcxnow-fees-and-interest-rate

The crypto exchange MCXnow also offers another interesting feature that allows you to get more out of your available coins, including the ones you may earn from owning mcxFEE (shares from the exchange). Every 6 hours you will get credited an interest rate on all of your coins that are currently available for trade on the exchange, the interest rate can vary on different coins and can change in time based on how much of these are being traded currently. The reason for the change in the interest rate is that it is something that forms from the collected fees from trades, so the more trades with the coin, the more fees and the higher interest rate you can get. The interest rates you see on the image above are the ones for the last 6 hours and the percentage is an yearly interest rate, so every 6 hours when you get your interest rate it will be a much lower percentage compared to the yearly rate. So even if you don’t actively trade, but do deposit some coins in the exchange you will be earning some interest on top of your deposit. The good thing is that if you buy mcxFEE the interest rate can increase your profits even if you don’t deposit any coins, as the crypto coins you earn from by holding mcxFEE (shares of the exchange) will also get interest rate.

According to the official information published by MCXnow, they do have 31551 registered users at the moment and you can see between 5000 and 6000 people available on the exchange most of the time. The number of alternative crypto currencies is still not that big, but the exchange has the potential for serious growth, so if you decide to invest in it on the long run now may be the change to get into it by purchasing some mcxFEE (shares). The current price of 1 mcxFEE hovers around 0.24 BTC, so it does not come very cheap, but as we’ve already said this is a long term investment with potential for serious growth in what you could be earn in the not so distant feature. The exchange has been available for quite some time already, so it is not something that just popped up, but there is still risk involved in long term investment as the bright future of all crypto currencies is not so certain. We have already invested into 1 mcxFEE in order to try out how are thing moving there and will probably invest in few more soon if everything continues to run smoothly as it has for the moment. After some time we have decided to sell out 1 mcxFEE due to the constantly declining price of the shares and not so good profitability from the share we had.

Crypto Trade is another crypto currency exchange with similar approach, offering users to become shareholders in the exchange by buying shares that earn you percentage of the fees colected from trades executed. At the end of every month, 50% of the website’s net profits are going to be passed onto the public through dividend payments. There are apparently 25,000 shares and each share represents 0.002% of the exchange’s net profits. Currently the price of a single share is 0.195 BTC with over 5000 shares currenty being traded on the exchange. So if long terms investment in crypto currencies is your thing, then you might want to check this option as well.

gigabyte-gtx-750-ti-crypto-mining

The Geforce GTX 750 Ti video cards based on the new Maxwell architecture from Nvidia have generated quite a lot of interest among the users mining crypto currencies thanks to their very good hashrate per watt of used power. And after we have tried a reference GTX 750 Ti board that does perform pretty well and overclocks decently to provide some extra hashrate we are now moving to trying out different non-reference design video cards based on the GTX 750 Ti. Out goal is to find the best choice for overclocking and gaining the maximum possible performance for use the GPU for mining crypto currencies. So we took a Gigabyte GTX 750 Ti (N75TOC-2GI) video card for a spin to see what we can get out of that board…

gigabyte-gtx-750-ti-stock-scrypt

The default Scrypt mining performance with CUDAminer was about 273 KHS, or slightly more than what we got with the reference card at stock frequencies of about 265 KHS. The two advantages of the Gigabyte board were the presence of an external PCI-E power connector and the much better cooling solution compared to the stock cooler. However we have found out that the TDP limit of the Gigabyte was still set at 38.5W in the video BIOS, though with the Power Target limit removal method you can get much higher limit set and avoid the Power Target functionality limiting your performance.

gigabyte-gtx-750-ti-stock-overclock

Overclocking the Gigabyte GTX 750 Ti card to +135 MHz for the GPU and +700 MHz for the video memory brought the Scrypt mining performance to about 303 KHS (the maximum stable clocks for mining), however we were hitting the TDP limit. So we have increased the TDP limit to 65.5W by modifying the video BIOS and flashing the modified version on the Gigabyte board and the result we got with the same overclocked frequencies was up to 322 KHS. Unfortunately the Gigabyte board did not allow for higher GPU frequencies that +135 MHz or to increase the GPU voltage higher than the default value. And while 322 KHS with a silent operation and 42 degrees C of the GPU is not a bad result at all, we are going to be checking out other different GTX 750 Ti boards to see if we are going to be able to get a bit more hashrate than that. So stay tuned for more updates on that…

mtgox-logo

MtGox apparently has shut down their operation, the official website is down, their twitter account has everything deleted, though the Facebook page still remains untouched with not info on what is going on. This has caused a panic among users again and the BTC exchange rate is starting to go down again, and according to an interesting document published here (if true) the rumors about stolen BTC coins from MtGox were true and the amount is really huge. Other exchanges and services have started reacting to the disappearance of MtGox trying to calm the situation and to ensure people that the problem has only affected MtGox and there are other better alternative exchanges still operating with crypto currencies…

Joint Statement Regarding MtGox

The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox.

This tragic violation of the trust of users of Mt.Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today. Mtgox has confirmed its issues in private discussions with other members of the bitcoin community

We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that bitcoin offers as the future of payment in the Internet age.

In order to re-establish the trust squandered by the failings of Mt. Gox, responsible bitcoin exchanges are working together and are committed to the future of bitcoin and the security of all customer funds. As part of the effort to re-assure customers, the following services will be coordinating efforts over the coming days to publicly reassure customers and the general public that all funds continue to be held in a safe and secure manner: Coinbase, Kraken, BitStamp, Circle, and BTC China.

We strongly believe in transparent, thoughtful, and comprehensive consumer protection measures. We pledge to lead the way.

Bitcoin operators, whether they be exchanges, wallet services or payment providers, play a critical custodial role over the bitcoin they hold as assets for their customers. Acting as a custodian should require a high-bar, including appropriate security safeguards that are independently audited and tested on a regular basis, adequate balance sheets and reserves as commercial entities, transparent and accountable customer disclosures, and clear policies to not use customer assets for proprietary trading or for margin loans in leveraged trading.

The following industry leaders stand by this statement:

Fred Ehrsam and Brian Armstrong — Founders of Coinbase
Jesse Powell — CEO of Kraken
Nejc Kodrič — CEO of Bitstamp.net
Bobby Lee — CEO of BTC China
Nicolas Cary — CEO of Blockchain.info
Jeremy Allaire — CEO of Circle

top