Why so Many Crypto Forks? - Litecoin Cash, Bitcoin Private, Callisto & More!
Charlie Lee calls Litecoin Cash, the first litecoin Fork a Scam! Is he correct? On this video I discuss crypto forks (past and future ones) in depth!
What is a crypto fork?
In the cryptocurrency world there are soft forks and there are hard forks? Forks are upgrades to an existing blockchain. The upgrade can be backward compatible by staying on the chain and upgrading the basic code of that chain (soft fork) or adding new code to a chain and moving away from the original blockchain completely (hard fork), which is not backward compatible.
A good example is the Ethereum / Ethereum Classic fork.
Ethereum Classic is actually the original Ethereum change and Ethereum broke away or hard forked away with a whole new set of code that is not backwards compatible.
There's a lot of false information out there when it comes to the performance of GPU mining rigs. Hardly anyone provides proof of what their crypto miners are capable of.
In this episode, we’re going to take a look at some top of the line GPU cryptocurrency mining rigs and show you proof of their performance.
These miners are all hand-built in-house with the highest tier NVIDIA 1080 Ti GPU’s and overclocked for maximum performance to push mining profits from the mining process to their absolute limits. All the hardware components used to build our mining rigs are hand selected from the best options currently available in the high end PC market, and even the frames themselves are custom made to minimize the unit’s footprint, while maximizing airflow. Beyond the top tier hardware and construction, each unit is tailored for maximum usability, even for those without prior tech knowledge.
I’ll be walking you through everything you need to do, taking you from crypto clueless to being able to funnel cryptocurrencies straight into your wallet. Using WhatToMine and giving you a look directly into the unit, we’ll prove that, unlike other mining rig suppliers, you really will achieve the prime hashrates you’re paying for. Then I will guide you towards kicking off your first mining endeavor with a simple rundown of how to get started mininf Zcash (all you need is your wallet adress, seriously!).
After that, you’ll have a chance to see how simple our single value power settings are to crank up and get even more out of your GPU miner, pushing your rig up another 10%! Finally, I will show you how to make a swap from one currency to another via the prewritten config files, and give you a look at our hashing power on Vertcoin as well.
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https://www.youtube.com/watch?v=6inCdeF6zkE
Today we decided to do things a bit differently!
We kicked off a new mini series called Coin Clips that we've been considering for some time!
Since we started Crypto Playhouse we have been inundated across our social channels with questions from subscribers asking about different coins: "How do we mine them?" "What sets them apart from other coins?" "What are the project goals?" We were quite amazed by the sheer number of requests!
But with a market of over 2000 cryptos, it's been next to impossible to individually answer every single question from every single follower on the topic. In fact, I would have to stand in front of a lot more 7-Elevens with a cup in my hand if I even tried to tackle all those DMs...SERIOUSLY!
What was even more surprising though was the considerable number of people that failed to even grasp the basic ideas behind most of the major cryptos.
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https://www.youtube.com/watch?v=XB2HHdMyFZc
Another day, another crypto wallet. The cryptocurrency space truly is flooded with them at this point, with everything from minute single chip USB’s to massive steel two part systems.
Nowadays, a hardware wallet really needs something special to truly stand out. The Ellipal Titan does exactly that. Whether it's the completely air-gapped IP-65 rated steel body, the copious selection of available tokens, or the highly intuitive app with the newly added Binance DEX integration, the Elllipal Titan cryptocurrency wallet is sure to have something of interest to just about anyone out there looking to safely store their crypto assets.
We’re going to check out the device and show you just how far they’ve gone to keep this thing locked down like Fort Knox, checkout some of the more interesting coin integrations (token chains for days!) from the usual big names, to the rising multi token chains like BNB, and EOS!
And of course we’ll be walking you through the setup process from start to finish, so you can get set up using your Ellipal Titan as well!
What is your favorite crypto wallet for 2019, the one that you think offers the best features and security? Comment below...
Also, feel free to access some of our recommended tools below and follow us on social media:
Open an Account and Start Trading Cryptos on Binance:
https://goo.gl/8GYe82
Protect Your Cryptos with a Trezor Wallet:
https://goo.gl/XtrCJv
Access the Pro Version of the Tradingview Platform:
https://goo.gl/5E3j6h
Our Trading Analysis on Tradingview:
https://www.tradingview.com/u/cryptoplayhouse
Follow us on Instagram:
https://www.instagram.com/cryptoplayhouse
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https://www.youtube.com/watch?v=SnlFpZSjKP0
Alright everyone, today we’re checking out another new cryptocurrency hardware wallet, the Temexe! I was rather excited about getting this one in, as it really takes a different approach to the hardware wallet experience. The device allows you to store Bitcoin, Litecoin, Ethereum, and Ethereum Based ERC-20 tokens...but with a bit of a twist, it’s a bluetooth connected device! Now the caveat to this is that you have to have a phone to use it via the companion app, but for most crypto users that shouldn’t really be an issue. Although I was extremely excited to start loading up the device and possibly ditch my Hyundai Kasse, some issues crept up that left me wondering about the viability of the device. So let’s dive in and take a look at the ins and outs of the Temexe!
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https://www.youtube.com/watch?v=dydoeNUuyac
This is a Live Recording of one of our Cryptocurrency trading Analysis Sessions.
With a correcting market many traders are stumped on what to trade and when, so we'll be doing some tutorials on how to make these decisions in a qualified manner. Some basic tool building will be gone over such as building your own multi period moving averages
It's important that you equip yourself with the tools and techniques required to buy and sell coins at the right prices. I will show you some of the strategies I use to actively trade.
To trade, I currently use the Binance platform, as well as Tradingview charts for more advanced technical analysis (see links below to access Tradingview, our other social media pages, etc.).
About Me:
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https://www.youtube.com/watch?v=e1RhlQ3lPy0
A lot of people have been asking me lately how to buy Ripple (XRP). On this video, I show you the best exchange that I know where you can trade it for less.
[see the link to set up your account below]
With the recent surge in interest in cryptocurrencies, smaller altcoins aside from the “big 3” (Bitcoin, Ethereum, and Litecoin) have been gaining more and more interest and attention in the public eye. While there are a number of cryptocurrency exchanges out there, many require extensive setup and verification processes before being able to so much as make your first deposit. To help you cut out the chaos of getting started with your first altcoin purchase (like Ripple), we will be walking through the quick and easy set up process on the Binance crypto exchange.
Bittrex vs Binance
Binance trading fees are less than half of what you pay at the Bittrex exchange.
Opening an account with Binnance is a lot easier than Bittrex (just follow the sign up link below to get started, enter your email and password, and you're ready to go)
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https://www.youtube.com/watch?v=zhLqokRV9mM
Wondering how to mine the recently launched Bitcoin Gold cryptocurrency? Today I will share with you my experience and how you can do it.
Bitcoin Gold, a recent fork off from the primary Bitcoin chain, has changed the way crypto miners look at Bitcoin by introducing its first fork in the history of the crypto world that puts the power to mine in the hands of those without access to dedicated ASIC mining rigs. Mining Bitcoin Gold is supposed to be on GPUs (like Nvidia or AMD).
Mined on the Equihash algorithm, Bitcoin Gold is a breakthrough much awaited in the crypto community, as it brings the ability to hash a currency which has historically been cornered by a deeply saturated ASIC market.
We’ll be walking you through everything from where to find the software required to begin mining Bitcoin Gold, all the way out to setting up your configuration files and getting the mining process started. One of the major things brought to the table by this innovative fork is that it truly brings back the concept of decentralization that cryptocurrencies are built around by taking the power from ASIC driven mega farms and putting it back in the hands of everyday enthusiasts and miners.
While there are a number of approved pools available directly through the Bitcoin Gold developer resources, we have found the simplest possible route to get you from an inactive underused GPU to hashing away at a currency based on the source code of the most globally known crypto to date.
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https://www.youtube.com/watch?v=uYvcF-bmndI
So you want to get into trading?
Forex trading is the act of buying and selling currencies on the foreign exchange market. This market determines the foreign exchange rate, which is the price of one currency in terms of another. Trading allows individuals to speculate on the exchange rate of currency pairs and make a profit from it. For example, if you think the euro is going to strengthen against the US dollar, you can buy EUR/USD. If the euro strengthens, you can sell it for a profit.
However, before you start forex trading, it's important to have a good understanding of the market and the risks involved. Here are some things you should study before you start trading forex:
The basics of forex trading: This includes understanding how the forex market works, the different currency pairs that are available for trading, and the factors that can affect exchange rates.
The risks and potential rewards of forex trading: Forex trading involves significant risk, and it's important to understand the potential rewards as well as the risks before you start trading.
Trading strategies: There are many different trading strategies that traders use to try to make a profit in the forex market. It's important to understand the different strategies and how to apply them to your trading.
Money management: Proper money management is crucial for success in forex trading. This includes understanding how to manage your risk and your account balance to protect yourself from potential losses.
Trading psychology: Forex trading can be emotionally challenging, and it's important to have a good understanding of trading psychology to help you stay disciplined and avoid making emotional decisions.
In addition to studying these topics, it's also a good idea to practice trading with a demo account before risking any real money. This will give you a chance to learn the ropes and test out your trading strategies in a risk-free environment using different trading indicators that traders use to help them make decisions about their trades. Some of the most popular indicators include moving averages, relative strength index (RSI), and the average directional index (ADX).
Moving averages: A moving average is a trend-following indicator that smooths out price action by filtering out noise and random price fluctuations. It shows the average price of a chart over a specific period of time. Moving averages are commonly used to identify the direction of the trend and can be used to generate buy and sell signals.
Relative strength index (RSI): The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the market. It compares the magnitude of recent gains to recent losses to determine whether a security is overbought or oversold.
Average directional index (ADX): The ADX is a trend-strength indicator that measures the strength of a trend based on the highs and lows of the security over a specific period of time. It can be used to determine the trend's strength and whether it is likely to continue.
To get started with forex trading, you'll need to open a trading account with a brokerage that offers forex trading services. Once you have an account, you can start trading by buying and selling currency pairs.
When choosing a forex broker, it's important to choose a reputable and trustworthy broker. Here are some key signs of a reputable forex broker:
Regulation: A reputable forex broker will be regulated by a government agency, such as the Securities and Exchange Commission (SEC) in the United States or the Financial Conduct Authority (FCA) in the United Kingdom. This means that the broker is subject to strict rules and oversight, which can help protect you as a trader.
Transparent fees: They will be transparent about their fees and charges, and will not have any hidden fees or charges that can eat into your profits.
Good customer service: A reputable forex broker will have good customer service, and will be available to answer your questions and address any concerns you may have.
Positive online reviews: You can often learn a lot about a forex broker by reading online reviews from other traders. Look for brokers with a large number of positive reviews from satisfied customers.
Security: A reputable forex broker will take measures to protect your account and personal information from being hacked or stolen. Look for brokers that use secure technology, such as encryption, to protect your data.
We hope this video helps and if you have any questions make sure to comment down below! Make sure to smash that like button for the algorithm and if you want to see more content, hit the Subscribe and Notification button!
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https://www.youtube.com/watch?v=SOLazWdhh1E