Mining. Not mining gold or precious metals, but cryptocurrencies. I have never myself touched any mining rig, any cloud mining app or any other way mined anything. As long as I can remember, people around me have always been talking about how unprofitable mining cryptocurrencies is - I can even remember the same talk in 2013, 2014 and so on.
Yet people keep doing it. So it might not be so unprofitable at all? I would never mine on my home PC, stress my video card, my CPU or any other component. It's strictly for my own work and recreation.
Yet there are more and more opportunities for people who want to mine cryptos. Is it a scam? Is it a pyramid scheme? I don't know. But what I stumbled upon, is a cryptomining browser - CryptoTab browser, that claims to boost your mining speeds up to 8 times and boost your earnings.
Looks too good to be true? Potentially it is, but I won't judge. I'd be happy to hear feedback from you guys - if you manage to test it out.
Moving on.
cryptonewmedia.press points out that out of the top 100 cryptocurrencies on coinmarketcap.com, only 36 are built on a solid working product. 36! No wonder we're collapsing with the speed of light.
I dont understand why we need all these coins, tokens, unless they carry real significant utility for people, for investors and for users, not for speculation.
They also point out, that if this is the case, we have 1829 redundant and unnecessary cryptocurrencies. Luckily, some of them are just building their product, but some definitely deserve to kick the bucket.
Don't worry, Steem is safe :)
The research into the top-100 cryptocurrencies as carried out by John Bardinelli and Daniel Frumkin determines the 36 working cryptocurrency projects as follows: Bitcoin, Ethereum, XRP, Bitcoin Cash, Stellar, Litecoin, Tether, Monero, NEO, Binance Coin, Zcash, Qtum, 0x Protocol, Bytecoin, Decred, BitShares, Steem, Siacoin, Augur, Basic Attention Token, Nano, Golem, Pundi X, Waves, KuCoin Shares, Wanchain, Komodo, Ardor, Huobi Token, ZenCash, PIVX, Kyber Network, Bancor, Loom Network, Polymath, Bibox Token.
Full study can be found here
Materials:
cryptonewmedia.press
And finally, a horror story from Venezuela:
Bitcoin really has the potential to become the people's currency.
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