Popular Cryptocurrency Mining Pools in 2018

Mining – rest in peace? Well, many cryptocommunity members have such reasonable fears. The Coin Shark has already written about the possible future of mining industry, however, today mining is still an important and necessary part of cryptocurrency market, and hundreds of thousands of users find the opportunity to gain money out of it. Today The Coin Shark will tell about the most popular pools for Bitcoin mining.

What is a pool?

Mining pools are groups of miners who combine efforts to generate blocks in a blockchain of a particular virtual currency. As the complexity of mining (the amount of computational power, necessary to find hash) increased, solo miners had less and less chances to receive rewards. The more miners are there in the system, the more difficult it is to mine cryptocurrency for each particular miner, therefore, users began to unite in pools. In a pool each miner in fact “digs” only a part of the rock with their “digital pickaxe”, and thus the chances of the whole “brigade” to find hash increase significantly. The reward is then divided proportionally to the processing power provided by each miner. Pools are organized similarly to companies, where every member invests some property to form the capital and then receives profit in proportion to their share. Pools are good examples of parallel computing, where a large number of participants independently (and without duplication of tasks) perform separate parallel computational operations, which makes it possible to find the necessary algorithm easily.

What do pools mine?

We say – pools, we mean – Bitcoin. Yes, those days when individual users were successfully mining Bitcoin seem to be something like an ancient “golden age”. Even though some special mining equipment like ASIC-miners appeared, an individual user is still unlikely to successfully mine BTC on their own. So, mining pools became rather attractive for those who decided to earn bitcoin instead of buying it.

Today miners also unite to “extract” other popular coins. For example there are many pools for Ethereum, Dash, Litecoin, Monero, Dogecoin, Bitcoin Gold, Zcash, etc., even though many of them can be successfully mined by individual users with graphic cards or even processors.

Popular pools for Bitcoin mining

1.Slush Pool

Chinese pools have always been leaders of the mining industry, however, the first pool ever is the Czech Slush Pool. It was founded in December 2010 and became the first bitcoin mining pool. Since then, Slush Pool miners have mined more than a million BTC and the service itself has become one of the most popular pools all over the world. Slush Pool has many secure servers in different countries, and user accounts are protected with two-factor authentication. Users of this pool can also mine Zcash. Slush Pool is indeed rather popular and has a very good reputation, however, its market share is smaller, compared to Chinese services.

2. Antpool

Antpool is a large Chinese pool and one of the top mining pools on the market. In addition to bitcoin, users can also mine Ethereum, Ethereum Classic, Zcash, Litecoin, Bitcoin Cash, Bytom, Monero, Siacoin and Dash. This pool pays daily rewards and is rather stable. Antpool also offers cloud mining with its HashNest service. The pool is owned by a Chinese company Bitmain – one of the largest and leading manufacturers of mining equipment. In addition, the company is also engaged in artificial intelligence development.

3. F2Pool

F2Pool is a popular Chinese service, operating since 2013. This pool supports a large number of coins – except for bitcoin, users have an opportunity to mine 14 more altcoins (including such popular cryptocurrencies, as Ethereum, Monero, Litecoin, Zcash, etc.). The service also enables its clients to mine several virtual currencies at the same time. F2Pool was a market leader in terms of hash rate for a long time, and today remains one of the top cryptocurrency pools.

4. BTC.com

BTC.com is an another large Chinese pool that currently leads the market. This one of the largest and most popular mining platforms was launched in 2016 and is also owned by the company Bitmain. In late April 2018, BTC.com reported to have mined 17-millionth bitcoin. So there are only 4 million coins more to come. Although the pool does not publish statistics on the number of users, Alejandro de la Torre, BTC.com vice president for development, told Coinlife that there are more than a million people using the service.

5. Viabtc

Viabtc is a true “Asian tiger”, founded in 2016, that became one of the mining industry leaders less than in one year. Like many other pools, it was initially “specialized” in bitcoin mining but introduced some other popular altcoins throughout its operation. Today its users can also mine Ethereum, Ethereum Classic, Zcash, Litecoin, Bitcoin Cash and Dash. Moreover, the pool offers cloud mining services. What is interesting about Viabtc is that it often has different loyalty programs to attract new users and strengthen relationships with “regular customers.”

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

 

Why None of Positive Forecast Has Come True: Three Main Reasons for Bitcoin Collapse

The stability of Bitcoin’s rate and other cryptocurrencies is a big question. At the moment , everything  that cryptocurrency does stably is rushing through the Hell into suspense.

Infernal flight started on November,14 at 11:34 UTC. At that time, BTC rate was around $6 365, and ETH was $206, according to CoinMarketCap.

Source: https://coinmarketcap.com/

At the time of writing this article, November, 20 at 11:00 UTC, the same resource updated the data to an even more disastrous rate: the cost of one BTC is $4 459, and ETH $132.

At the same time, the Coin 360 monitoring resource shows a BTC rate of $4 460, and an ETH $131.

Source: https://coin360.io/

Apparently, the collapse of the coin rate is not going to stop, and this is clearly indicates, that a fateful event happened in the crypto industry, which collapsed the market.

Due to specifics of cryptocurrency, it is impossible to determine now what exactly the main cause of  the falling prices. However, The Coin Shark conducted its own, independent investigation and identified three most logical versions of why crypto “tends to zero”.

So, the reasons for the collapse of the market can be:

1.The split of Bitcoin Cash into BCH SV and BCH ABC;
2.The refusal of the China authorities to provide the miners with the cheapest electric power;
3.The theft of 600 BTC from the Bitmain company.

Now, let’s consider each reason in a more detailed way.

1. The split of Bitcoin Cash hard fork

It is possible, that the sudden collapse of the market is a consequence of the Bitcoin Cash hard forks. History has proved once again, that serious network updates provoke the panic within the crypto community. Especially among investors, who fitfully begin to sell their coins. Panic attacks are not so unprecedented, but rather very thoughtful. If during the fork there is a malfunction, it is guaranteed to have an impact on the future of the crypto market.  

Presumably, the cause of today’s “successes” of cryptocurrency is a backdoor, that hackers manage to discover and made a hashrate diversion from BTC.

We want to remind you, that now Bitcoin Cash is divided into Bitcoin ABC and Bitcoin SV.  

In this regard, Australian programmer Craig Wright wrote on his Twitter:

The founder and CEO of BKCM, Brian Kelly, also considers that Bitcoin Cash is involved into collapse of BTC rate and and other cryptocurrencies. He shared this during an interview at CNBC Fast Money.

Most likely, this pseudo-war between BCH SV and BCH ABC in the nearest future will cause a decrease of hashrate in BTC, which in its turn, will reduce the network speed.

“People are concerned that both Bitcoin and Bitcoin Cash markets, their networks might slow down, they might not work as well, the software upgrade may not go through or if it does go through, we will end up with some chaos. People started selling, that triggered stops, everybody got concerned. The entire market settled down. In my view, a very short-term event”,  – explained Kelly. 

 2. Insufficient speed of Bitcoin network

The authorities of provinces of Xinjiang and Guizhou stopped to provide the Chinese miners with cheap electricity. Now, the miners are forced to look for an alternative method of mining Bitcoin and other cryptocurrencies.

Because of this, main mining facility, located in China, suspend their activities in order to find an alternative resource for mining cryptocurrency. This caused the decrease of Bitcoin hashrate network by almost 20%.

3. Theft of 600 Bitcoins

A major Chinese company, Bitmain, has announced that its account has been hacked at Binance crypto exchange. At the time of the hack, more that 600 BTC were stolen – which is about 2.7 million dollars at the time of writing this article. The hacker has not been found yet, but it is known that he tried to increase the speed of a little-known cryptocurrency MANA with the help of this money.

This kind of news has already changed the mood of the market, while reducing the rate. It’s likely, that this particular incident could undermine Bitcoin and other digital coins. 

Why none of the positive forecast did not come true?

It is impossible to predict the cryptocurrency rate in advance, as it can be done on the usual market for fiat. On the crypto market, we see the outcome and only than the reason. For example, the dollar increases after raising discount rate in the USA, but the cryptocurrency doesn’t. Since, its rate doesn’t depend on the ordinary economy and on decisions of the authorities.

The cryptocurrency rate is not backed up by anything. It depends  only on supply and demand. Therefore, it is impossible to predict the behaviour of the rate in advance. For instance, exactly one year ago, on November 20, 2017, the Bitcoin rate was $8 039.

Source: https://coinmarketcap.com/

After just one month, the rate set the first historical record – $19 440.

Source: https://coinmarketcap.com/

Based on the last year’s situation on the crypto market, it cannot be stated, that this year it is going to be the same. This market is sensitive and unpredictable.

In relation to the worsening situations, all cryptocurrency holders are worried about – “What to do next?” – that’s a good question. But unless the true  reason of the collapse of the rate is revealed, there will be no exact answer. As for now we can only guess how the events will unwrap.

For example, a financial analyst, Alexey Polovinkin, in an interview with OBOZREVATEL, shared the view, that the rate of the world’s most massive cryptocurrency by capitalization will increase by $40 000 for one coin.  The expert explained, that Bitcoin will grow due to the possible legalisation of cryptocurrencies, which will have an effect on institutions and investment companies. According to Alexey’s point of view, they will start considering the entering of cryptocurrencies in the marker in a large amount.  We want to remind you, that Polovinkin predicted the growth of Bitcoin in 2017.

Also, a venture investor Tim Draper is trying to make a good forecast, reports The Daily Hodl.  The investor is confident that in the 2022 the price of Bitcoin will rise to $250 thousand. While, an investment banker and millionaire Mike Novogratz, makes more modest forecasts, stating that the rate will reach only $10 thousand.

Not all sharks of the crypto world are optimistic about the future of the market. In this regards, CEO of the BitMEX exchange, Arthur Hayes, state that the next 18 months will be not the best period for cryptocurrency. He is confident that the interest in digital money will decrease, which will affect the rate of coins.

Vinny Lingham, CEO of the American startup Civic, state that Bitcoin had no chance of existence. Even if his rate rises , he will still fall to $100 per one BTC.


“Do i think we’ll have another bubble? Probably, because people just don’t learn. When it hits $20,000 again, it will fall back to $100 or something like that”, – said Lingham.

As you can see, the estimates are diverse, and there is no clear idea about the upcoming growth or reduce. Therefore, any forecast should be reasonably judged. Till then,  cryptocurrencies continue their hellish way to a stop “Anti-record rate of 2018”.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The Forecast of Bloomberg Analysts: Bitcoin Rate Will Drop to $1 500

Bloomberg Intelligence analysts claim, that at the moment Bitcoin has not yet established the final anti-record, but only “continue to fall”.
According to their forecasts, the rate is expected to fall to $1 500, which is 70% less than the current rate – $5 140 (at this point).

As one of the reasons for the fall of the course, the  publication notes the hard fork Bitcoin Cash network. After it the largest scale collapse of the cryptocurrency rate occurred, which was the beginning of the “boring life for Bitcoin” and inspired several industry experts to make forecasts.

Travis Kling, founder of the hedge fund Ikigai, made an assumption, that in the future BCH hard fork will no longer affect the market:  

“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”

Bloomberg Intelligence analyst Mike McGlone gave a forecast for two versions of Bitcoin Cash, namely that because of them the investments of depositors and miners will continue to provoke a way out of rates to increase and further decline in market quotations.

The president and the main investment specialist of Creative Planning, Peter Mallouk, drew the attention of the crypto community to the financial result of the III quarter of  the GPU manufacturer – NVIDIA. Mining products of the company are losing its relevance, which is according to the analysts, signals about the deterioration of the whole cryptocurrency market in general.     


“The drop in the stock price of Nvidia is reflective of a future where cryptocurrency fueled demand has cratered,” said Peter Mallouk, president and co-chief investment officer of Creative Planning, in an email. “While this is, of course, bad news for NVIDIA, it is really the canary in the coal mine for Bitcoin and other cryptocurrencies.”

We want to remind you, that the founder of Fundstrat Global Advisor, Tom Lee, is optimistic about the future of the world’s first cryptocurrency. At the beginning of the year, he made a prediction, in which Bitcoin will reach the $25 000 by December. However, in July Tom made an adjustments , changing the estimate rate by $22 000. Early in November, the forecast was changed again to $15 000. Eventually,  BTC should grow by more than 170% in a short term.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The Stablecoins: What Is It and Why Is It So Popular Now?

Cryptocurrencies and increased volatility are almost synonymous. The digital coins market can easily fall or grow up in price by 10% -15% in a day. But along with unstable coins in the industry there are also so-called stablecoins, which will be discussed in this article.

Content
(please, click the topic to scroll down to it)

1. What is the stablecoins?

2. The list of the most famous stablecoins

3. Advantages and disadvantages

4. Further prospects

5. Conclusion

1. What is the stablecoins?

The main idea of ​​cryptocurrencies is creation of the absolutely decentralized payment instrument, which will not have any relations with usual valuable assets. But at this stage of cryptocurrencies development it is not possible to completely abandon fiat yet. In any case, currency of digital coins is counted in dollars, euros and other fiat currencies for convenience.

In order to popularize cryptocurrencies, it is necessary to create a bridge between traditional and digital financial sectors. Therefore, in 2015, for the first time, the best qualities of cryptocurrency and fiat money were combined, and so the stablecoins appeared.

The first stable cryptocurrency was Tether, it is still the most popular stable digital coin. Tether is backed up by the US dollar. This coin takes 8th place in the global Coinmarketcap rating , with total capitalization almost $2.5 billion.

But it is worth noting, that there are already enough of such stablecoins on the market. Each of them is reinforced by a certain physical asset:

  • other fiat currencies (the euro, the pound, the yen, etc.);
  • the gold and other precious metals;
  • the minerals;
  • the property;
  • etc.

It is only beginning, since it is already obvious that a digital coin can be pegged to absolutely any physical product. Thus, it is possible to maximally protect assets from cryptocurrency volatility, and at the same time to enjoy all the benefits of decentralization.

2. The list of the most famous stablecoins

So, as it was mentioned before, the very first stable USD Coin was Tether. Its rate is backed up 1:1 to the US dollar. This project was started in 2015. Literally a year later, its euro equivalent  EURT was represented to wide audience. After some time, the Japanese yen cryptocurrency appeared. As many analysts had suggested, these two coins were not widely spread.

At the beginning of  2016, DigixDAO coin was started, its rate was pegged to the gold: 1 token equals the cost of 1 gram of gold. It should be noted, that there were quite many projects, which tried to peg their coins to the gold (OneGram, GoldMint, HelloGold, AutumCoin, etc.). The silver was not forgotten either (EthereumLink, Silvercoin, Silver Back Coin, etc.). In Israel, the group of developers released stablecoin Carat, the currency of which, as the name implies, was pegged to the diamonds.

As you might have guessed, there is a huge amount of coins on the market, which are somehow backed up by physical assets, but let’s take a closer look at two more sensational dollar projects.

Gemini Dollar is the world’s first regulated stable digital coin, which is pegged to the US dollar. This project is still too young and it is not clear how it will show itself in future. Now the coin took a 1723th place in the global Coinmarketcap rating.

TrustToken is another project whose developers want to connect real and digital economy. They themselves estimate it in 256 trillion dollars. Within of this platform, the TrueUSD token was issued, it`s rate was pegged to the US dollar. Soon the developers promise to release tokens, which will be pegged to other popular fiat currencies. On the one hand, this project has many advantages (ability to implement blockchain into real sectors of economy, introduction of smart contracts, strong team), and on the other hand, there are many disadvantages (lack of roadmap, centralization, possible vulnerabilities of smart contracts, etc. ).

3. Advantages and disadvantages

First of all, let`s list the main advantages of stablecoins, there are quite a lot of them:

  • Holders of such coins can use all benefits of the digital economy, and at the same time be relatively calm about their capital`s safety. As a rule, cryptocurrency exchanges do not work with fiat currencies. And with stablecoins help it is possible to operate with dollar (or any other currency) right on an exchange. It substantially simplifies a digital coins trading process.
  • Thus people, who have no confidence in banks, can secure their capital without contact with traditional financial structures.
  • Stablecoins can be effectively used in trade and business, because their price does not change with time. A seller can safely accept $1,000 in coin equivalent, since its value will not fall down, even in conditions of market fluctuations.

Unfortunately, stablecoins are not without flaws, and now let’s take a closer look at them:

  • Such coins are absolutely useless as an investment asset. After all, 1,000 coins purchased for 1,000 dollars today, will cost the same 1,000 dollars in a few years (and it is, at best, if the project does not close).
  • Pegging to the value of a particular physical product does not protect against fluctuation of the asset itself.
  • There is a risk of freezing company’s reserve accounts, which will lead to impossibility of fulfilling debt obligations to tokens holders.
  • Stablecoins can be stolen at once in two ways (digital and physical).
  • Storing of a physical asset entails additional expenses, which often fall on its owner’s shoulders.

4. Future prospects

Because of several factors, today stablecoins are only a good concept, which is still far from widespread use. To a large extent, this direction has good prospects in future. Financial transactions which will be made through stable cryptocurrencies, will be able to bring the real economy to a qualitatively new level. With their help, bureaucratic procedures can be avoided, and due to smart contract technology, it will be possible to do without intermediaries.

5. Conclusion

The stablecoins are digital coins, whose currency is not exposed to increased volatility, because it is pegged to the value of a certain physical asset. With such coins it is possible to connect real and digital economy. But at this point, stablecoins have a number of problems which need to be solved, only after that it will be possible to talk about their widespread use.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Bitcoin Cash: Overview, Advantages and Disadvantages, Details of The Hard Forks

In this article we will talk about the most famous bitcoin`s hard fork – the Bitcoin Cash: it`s advantages and disadvantages, forecast for the future, as well as the hard fork, which will happen on November 15, 2018.

Content:
(please, click the topic to scroll down to it)

  1. Briefly about the Bitcoin Cash and comparison with Bitcoin
  2. Disadvantages of Bitcoin Cash
  3. Briefly about the hard fork Bitcoin Cash
  4. Conclusion

1. Briefly about Bitcoin Cash and comparison with Bitcoin

The main popularizer of the “new” coin is Roger Ver. He is quite famous person in crypto world. He was one of the first cryptocurrency investors. Due to increased attention to this industry, he became known as Bitcoin Jesus. But later, Ver decided to actively promote the hard fork (a branch) of the first cryptocurrency – the Bitcoin Cash. The network split occurred on August 1, 2017.

What is the difference between the BTC and the BCH?

  • Increasing of transaction`s speed in several times. The main feature of the new coin is an increased block`s size to 8 MB. On May 15, 2018, developers released the update, after which the block`s size increased to 32 MB. This solution made it possible to record much more transactions in one block, and thereby to increase network bandwidth.
  • Low commissions. Bitcoin Cash has very small commissions $0,05 – $0,010, which is significantly lower than that of the “older brother” $8 – $15.
  • With the current network load, a queue of unconfirmed transactions does not exceed 200 – 250, whereas with the original Bitcoin, this number can reach 7,000 – 10,000.

2. Disadvantages of Bitcoin Cash

Significant disadvantage of this fork is the automatic adjustment of the network`s computing complexity. Unfortunately, it has direct dependence on the speed of extraction of new data. That is, if for a certain amount of time miners get an insufficient number of blocks, then complexity decreases. This pattern works in both directions.

Miners started to use this vulnerability and got BCH in periods of complexity recession, and when the situation changed, they turned to BTC. Such actions led to the network`s destabilization and increased volatility of the BCH rate. This problem has not been solved till this day, but the development team manages to restrain it.

Cryptocurrency investors do not consider Bitcoin Cash as a long-term asset yet. This coin is more used as a speculative tool. For this reason, at the moment BCH has rather vague and uncertain future.

3. Briefly about the hard fork Bitcoin Cash

The hard fork of Bitcoin Cash was on November 15, 2018. After this event, the network received two incompatible consensus protocols BCHABC и BCHSV. The community of coin divided into two parts: on the one hand Roger Ver, and on the other Craig Wright. The outbreak of the conflict is considered to be Bitcoin ABC update, which began to support smart contracts and atomic swaps. In response to this update, Craig Wright offered the community his vision for the future development of the project. He proposed to increase the block`s size up to 128 MB. Such decision was not supported by Roger Ver and his part of miners. Because of this, another coin will now appear in the cryptocurrency world.

This is very good news for BCH holders. The matter is that after hard fork, investors received the same amount of coins of the new network, which complies with their BCH`s balance.

Against this background, the Bitcoin Cash rate grew up by almost 50% only for the first week of November.

Source: https://coinmarketcap.com/

This growth was artificial, therefore, we observed the same rapid rollback before the hard fork.

Source: https://coinmarketcap.com/

4. Conclusion

Bitcoin Cash is a project with rather big ambitions, ultimate goal of which is to push the original Bitcoin from the first place. In fact, BCH has fewer problems with scaling, and also can boast of low transaction commissions. But on the other hand, there is conflict between developers, still unsolved problem of automatic control of complexity, as well as increased volatility. Now it is hard to make long-term forecasts for Bitcoin Cash, as it is not clear yet, which of two networks will be more stable.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Three Hellish Days for Cryptocurrency: Reasons of The Fall of The Currency and What To Do Next?

The current condition of the cryptocurrency market raises a number of question from traders. For the third day, the industry is either trying to revive Bitcoin and other cryptocurrencies, or just watching the collapse of the course.

The question of what caused the collapse of the market and what should do those who still have cryptocurrency  – makes world crazy. That is why, The Coin Shark have found answers for all of these questions and analysed per minute history of the fall of currency of Bitcoin.

The Chronology of the fall from 14th to 16th November

Wednesday, November,14 , Bitcoin break another 2018 bottom.  According to data of CoinMarketCap, at 11:34 UTC the rate of the first cryptocurrency behaved stably, being at $6 365.

Nothing foretold troubles, but at 17:19 UTC began unexpected fall, which last till the 19:19 UTC, where the price of BTC remained in half-dead condition at $5 765. Therefore, the capitalisation of the marked fell to $102 billion.

After that, Bitcoin started to resist. In 20:04 UTC the currency show vital signs, increased to $5 858. But still, the end of 14th November was not a happy ending. In 22:48 UTC was settled a new record – $5 568.

Source: https://coinmarketcap.com/

If compare the data with an individual market, then on a Bitstamp the price of the BTC has already dropped to $5 534, and on the Kraken – $5 510. Last two weeks, Bitfinex exchange trade Bitcoin more than $6 000 per each unit.

It turned out, that the 14th of November was still far from the end of BTC fall. According to CoinMarketCap, Thursday, November, 15, at 17:04 UTC, Bitcoin shocked everybody with the course of $5 358. On Bitstamp the first cryptocurrency down to $5 446, and on the Bitfinex – $5 638. At this point, this is the lowest course from the end of October, 2017.

Source: https://coinmarketcap.com/

The condition of the cryptocurrency market for the last year is unstable. It is accompanied by unexpectable highs, as well as painful falls. But not only Bitcoin drop it’s price position on 14th of November. Together with it, into a deep red zone came the major part of other cryptocurrencies. In doing so, the total capitalisation fell by $190 billion.

Source: https://coinmarketcap.com/

At the writing of this article, 16th of November, the condition of the cryptocurrency market is still in critical position – the course of Bitcoin stood at $5 500, and Ethereum backed down the second place in capitalisation Ripple.

Source: https://coinmarketcap.com/

What caused the collapse?

Just think about it, less than 24 hours ago, it was possible to sell the BTC on a thousand dollar higher. Probably, it is impossible to define why “the foundation was cracked” under the cryptocurrency, as for the example it can be done in a regular market. In the digital, the effect is first  seen and only than the reason becomes known.

Reason #1: Contagious effect

On the basis of past, the cause of the fall have psychological nature.
For example, people are massively starting to buy cryptocurrencies or fanatically selling.

Reason #2 : Direct correlation

Each financial currency  pegged to its government, as for the example dollar – to the US economy. Cryptocurrency pegged with the people, which are both buying or selling it.

Reason #3: Global Bitcoin influence

Ironically, but there is a theory, that the general condition of the cryptocurrency is affected by Bitcoin. The value of all digital market is estimated in $182 billion, the $90 billion of which belongs to BTC. The majority of cryptocurrencies  should be transferred especially in Bitcoin, before the sale.
And now imagine, that selling of Bitcoin will start simultaneously several major players of the market. After this, the BTC prices are lowering, and this cause  the panic attacks more than ones: “ Buy everything and as quickly as possible, while the price is low!” – this makes the course to grow.

What should do the owners of cryptocurrency: sell or wait?

It depends on the inner aspects of each owner. Even when the course is rising – it still have cycles of fall.

Who and how will affect the collapse of rate?  

Cryptocurrency is the unstable tool. It’s system decentralised and doesn’t have the management center. Digital currency should strengthen the positions, so it can give the accurate forecast for the future. But, it appeared, that this fall will have no affect on ordinary users.

There is no denying, that in a consequence many crypto-business will close. Cryptocurrency exchange are in the minimum risk area, as in such cases the number of transaction increases.

Most of all, miners and the owners of the mining field will suffer the most. Since, the profitability depends on the price of extracted cryptocurrency. Within recent events, it is clear that mining is unprofitable occupation.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Crypto Wars: Jihan Wu vs Craig Wright, Who Gets McAfee’s Support?

The infamous hard fork of Bitcoin Cash has created some tension between the major crypto personalities in the industry. It is especially the case with the supporters of the two different BCH protocols.

One of the main “fights” has started between the CEO of Bitmain Jihan Wu and a computer scientist Craig Wright, who have repeatedly gone at each other on the social media, claiming that their vision of Bitcoin’s future is correct. Later on, the “war” was joined by John McAfee who supported Jihan Wu.

Craig Wright did not take long to respond.

Hopefully, the conflict will be settled peacefully, because the crypto industry needs all of the abovementioned people to function properly and develop.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/