In the cryptocurrency world, a wallet is a digital medium that is used to store, send and receive money which in this case is in form of cryptocurrencies/Ethereum. How Wallets Work Unlike the real world wallets, a crypto wallet does not really store money but will instead save your private and public keys that you will use to do transactions. Anyone …
About ASIC Mining Rigs
Brief History of Mining Rig Technology Mining effectively means utilizing the highest computational power for the lowest cost. Originally miners leveraged the CPU, but then realized the GPU was more effective. GPUs have high computational power but have a high upfront cost and use a lot of energy to operate. Eventually new specialized mining rigs were devised using field programmable …
4 Ethereum Extensions for Google Chrome
Everyone loves Google Chrome especially their nifty extensions. Here are some Chrome extensions for every fan of Ethereum. MyEtherWallet One of the most popular Ethereum Wallets is MyEtherWallet. You can download their Chrome extension which will allow you to generate wallets completely on your client side. In addition you can manually unlock wallets using private keys and send Ethereum using your …
Is Ethereum a Scam?
Just learned about Ethereum and you’re probably asking yourself is Ethereum a Scam? Well the answer is NO. Due to Ethereum’s loyal following it may seem like a scam if you’re unfamiliar with how Ethereum works and the purpose of it. The technology that Ethereum is built on is called the blockchain. Very similar to how Bitcoin works, Ethereum offers more …
Cryptocurrency Wallets Explained
Once you have purchased or mined your cryptocurrency of choice it is time to secure your money. Though you can just leave it with your broker it is safer to secure your account in a wallet. There are a couple important concepts to cover before delving into wallets. Private Key: A randomly generated number which can be used to access …
Trading Bitcoin, Ethereum, and Litecoin Without Any Fees
When you place a market order through a broker you are charged fees for initiating a transaction. What most people don’t know is that by placing a limit order you can bypass those fees. All you need is an account through coinbase (see How to Buy Ether (ETH) for details) in order to place orders through GDAX. Log in to GDAX …
How to Buy Ethereum (ETH)
Purchasing Ethereum is simple as ever. Many people invest in Ethereum due to it’s possible use in future decentralized application. The Ethereum blockchain uses a cryptocurrency called Ether (ETH) for financial transactions and running smart contracts. You can purchase Ether through an exchange (such as Coinbase) or you can earn Ether by mining. This guide will show you how to …
What is Ethereum?
In order to understand Ethereum there are a few important initial concepts to define. Blockchain: A distributed form of data storage which maintains an increasing list of records (blocks). Smart contracts: A protocol which executes the terms of a contract. Solidity is the Ethereum supported language for defining contracts. Cryptocurrency: A digital form of currency which can be transacted using …
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How to Build an Ethereum Mining Rig (6 GPU Guide)
So you just found out about Ethereum mining and looking to build your first Ethereum mining rig. This guide will walk you through choosing GPUs, hardware, and what software to run for mining Ethereum. If you’re unfamiliar with mining Ethereum, mining essential verified transactions on the Ethereum blockchain and as a reward for doing these verifications you get a small amount of …
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