My pics for 24.-31.7.2017 while everything is on sale for long HODL

Ripple (XRP)

IOTA (MIOTA)

Stratis (STRAT)

EOS (EOS)

AntSharesn (ANS)

Steem (STEEM)

Iconomi (ICN)

Siacoin (SC)

Golem (GNT)

Lisk (LSK)

Factom (FCT)

PIVX (PIVX)

Basic Attention Token (BAT)

Verge (XVG)

ReddCoin (RDD)

LBRY Credits (LBC)

BitBay (BAY)

Bitquence (BQX)

(Sorted by marketcap)

TenX has figured out how to solve one of the biggest problems for people that are involved in cryptocurrency — actually spending the currency

The TenX wallet and the TenX card have been tested by well-known figures in the industry with payments in 50 countries across the world. The TenX iOS wallet and WebApp will be available to the public by the end of July.

TenX supports blockchain assets across multiple blockchains. TenX currently supports Bitcoin, Ethereum, Ethereum ERC20 Tokens (DGX, REP, TRUST,ANT, etc.), Dash – many more are coming.

I have invested in to TenX and I think it’s great project. I cant wait to get my TenX iOS app and card!

TenX Blog

GPU mining hardware

Listed below is the hardware you will need to assemble GPU minig rig. Basically, you are building a custom open-frame PC, but instead of one or two graphics cards you will be adding up to 9 GPU’s.

  1. Power Supply (PSU) 1
    • You should buy an efficient 750-1200W modular power supply that will save you over the long run in electricity costs. Look for Gold or Platinum rated (as opposed to silver or bronze). You will be using this PSU to power everything else than GPU’s.
    • Recommended models/brands:
      • Corsair
      • EVGA – 750G2
  2.  Power Supply (PSU) 2
    • Second power supply should be 1200-2400W server PSU with breakout board and cables. Power supplies capable of 1500 watts output can sell for hundreds of dollars. You will be using this PSU to power GPU’s. Remember to buy compatible (C19) AC Plug!
    • Recommended models:
      • PSU Delta: DPS-2400AB
      • PSU HP: 40785-001, 438202-001, 437572-B21, 512327-b21 511778-001, HSTNS-PL33, 684529-001, 684530-201, 704604-001, 684532-b21
      • Breakout boar: X7BRK, X6BRK
  3. Motherboard (Mobo)
    • I’ve listed below motherboards that are compatible with at least 6 video cards. These are the mining motherboards that are used in large scale mining deployments.
    • Recommended models:
      • MSI Z170A
      • Asus Z270-P
      • AsRock H81 Pro BTC
      • AsRock H81 Pro BTC R2.0
      • AsRock H110 Pro BTC+
      • Biostar TB250-BTC PRO
      • Biostar TA320-BTC (AMD)
  4. Processor (CPU)
    • Pick any cheap Skylake Dual Core processor.
    • Recommended model (depending on motherboard model)
      • G3900 Skylake Celeron
  5. Hard Drive (SSD)
    • Pick any cheap SSD for installing operating system and your mining software.
  6. System Memory (RAM)
    • You don’t need a lot of system memory to mine effectively. I recommend just picking up a cheap 4GB.
  7. USB Riser Cables
    • These are to connect the graphics cards to the motherboard and allow spacing between cards for heat dissipation. These are necessary when building a rig with this many GPU’s. You should buy some extras because these are often broken.
  8. Expansion cards
    • If you want to add more GPU’s than your motherboard have pic-e slots you might need to add M.2 expansion card.
  9. Dual PSU Link Cable
    • If you are using 2 ATX powers supply’s you need to add link cable between those PSU’s. I recommend server PSU instead.
  10. Graphics Cards (GPUs)
    • Before AMD cards were the only choice to mining but in last few months Nvidia cards have become very popular. There is so huge demand for these good mining GPU’s that these are sold out almost everywhere and that’s why prices have risen.
    • Popular models from most powerful:
      • Nvidia GTX 1080Ti
      • AMD R9 Pro Duo
      • Nvidia GTX 1080
      • AMD HD 7990
      • Nvidia GTX 980Ti
      • AMD R9 Fury Nitro+
      • AMD R9 Fury X
      • Nvidia GTX 1070
      • AMD R9 Fury Nitro
      • AMD R9 290x
      • AMD R9 RX480
      • Nvidia GTX 1060
      • AMD R9 RX 570
      • AMD R9 280x
      • Nvidia GTX 980
      • AMD R9 RX470
      • AMD R9 Nano
      • AMD R9 RX390
      • AMD HD 7950
      • Nvidia GTX 970
      • AMD R9 270x
      • Nvidia GTX 1050Ti
  11. Custom Mining Case
    • I’d recommend to build your own mining rig.
    • How to video
  12. Operating System (OS)
    • simple mining os
      • Really easy to use and great developer!
      • Idea is simple: download for free my OS and write it to any drive: Hard / SSD / even USB drive. After that you just enter your email address in config.txt file and boot your rig. Login to simplemining.net dashboard using the same email and start managing your rig.
      • Download
      • Support
    • eth OS
      • ethOS is a free 64-bit linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. If you are using the Nvidia 1070 GPU’s I recommend mining on Windows 10, since Eth OS has some driver issues with Nvidia cards.
      • Download
    • Windows 10
      • Easiest for flashing GPU’s

Top trading platforms

  • Coinbase
    • Coinbase is the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin. Create a digital currency wallet where you can securely store digital currency. Connect your bank account, debit card, or credit card so that you can exchange digital currency into and out of your local currency. Buy some Bitcoin, Ethereum, and Litecoin to begin using the future of money.
  • Poloniex
    • Poloniex is a pure crypto to crypto exchange based in the United States. With a grand redesign in early 2015 the site has added a wealth of features to provide a fully immersive trading experience. Technical analysis charts and live chat mean it is easy to stay abreast of news flow and analyse price trends before taking a position.
  • Bittrex
    • Bittrex is one of the larger crypto to crypto exchanges offering a large number of trading pairs into bitcoin. The exchange does have a very high turnover crypto currencies – leading some to accuse it of allowing pump and dump schemes that erode confidence in the crypto currency ecosystem as a whole.
  • Bitfinex
    • BitFinex offers three main functions – it is a bitcoin, litecoin and dashcoin to fiat exchange, a margin trading exchange and a liquidity provider. Although the company is said to be in Beta phase there are a number of features available that expand the financial positions you can take – for example the ability to short Bitcoin via margin trading.
  • Bitstamp
    • Bitstamp is run from the United Kingdom and is one of the most popular fiat to Bitcoin exchanges. Bitstamp only allows for one exchange pair of USD to Bitcoin but does use conversion of other fiat currencies via its Slovenian banking partner which will incur higher fees.
  • Kraken
    • Kraken is a top European based exchange and offers a variety of fiat to bitcoin pairs such as JPY, EUR, GBP and USD. Volume is decent especially on the JPY BTC pair after MT Gox’s collapse – with Kraken assuming the mantle in that region. The exchange also has a smattering if popular crypto to crypto pairs including litecoin and dogecoin.
  • BTCe
    • BTCe is a decent all round exchange focusing on its core base in Eastern Europe. Pairs include fiat to fiat, fiat to crypto, and crypto to crypto – although limited to the major volume currencies.

Time to Start Looking at Other ICO Platforms?

The recent Ethereum transaction backlog has been pinned on the high traffic caused by the mass rash of Initial Coin Offerings (ICOs [hacked link]). Long-term solutions have yet to be looked at, but certain individual ICOs (such as iDice) have decided to tell users to increase the “gas” they use to propel their investments.

While this may work for the ICOs, ultimately the network is congested, and a long-term solution will have to be worked out by the DAO and Ethereum developers at large.

While the status quo exists, it’s worthwhile for developers and other parts of the community to look at alternative platforms for ICO launches, as there are several. As earlier reported here at CCN, Ethereum Classic is aware that ICOs will increase on their platform over time. At around $20 per token and otherwise equal level of development, Ethereum Classic is an obvious way to go – there is a lot of untapped, unused capital in that market, and eager start-ups might be wise to tap into it rather than compete in the horde of Ethereum-based ICOs.

Another Western alternative is the Waves platform, which works differently but would allow for much of the same functionality as a given smart contract on Ethereum or Ethereum Classic. Waves are in the sub-$10 range per token and have a market cap of around half a billion dollars – projects with smaller funding goals might consider using this option.

Network Effect Merely An Affectation?

At a currency and investment level, it’s obvious that the network effect proves true for monetary systems. Yet, when it comes to killer applications, does it actually matter what network the project is making use of? Sure, Ethereum-based ICOs have the potential attract the most funding as well as to operate on a stable (if increasingly overcrowded) network. But if a great application chose to go with Waves or Ethereum Classic, but still allowed to fund with Ethereum and Bitcoin as well, would its usage and adoption actually be held back by virtue of that?

The drumbeat of progress and innovation isn’t going to slow down any time soon. The crowdfunding model is now the premier way for crypto entrepreneurs to get going, and so it stands to reason that they will over time give more consideration to alternative platforms and that more such platforms will be born to serve the need. In all likelihood, more local plays like NEO (formerly Antshares) will crop in non-Anglophonic regions.

There are those who will decry this future development as problematic, discordant, and too complex. Instead, to this author, it seems that the more variety and choices there are, the more price points that people can enter the crypto economy at, and the more ways which developers can deploy new usages of cryptocurrencies, the more promising the future of the whole crypto economy looks.

Mapping the crypto universe

Mapping the decentralized world of tomorrow

The Media is going crazy about Bitcoin, Ethereum and the rise of crypto markets. Entrepreneurs from the sector have kind of a Rockstar status raising millions of USD in seconds through ICOs. However, the crypto sector is much more than Bitcoin, fintech, trading and crypto currencies — it’s about building a better, decentralized, (digital) world.

By using the term “decentralization” I refer to a process of redistributing functions, people, powers or things away from a central authority. The problem with centralized systems is that they lack transparency, allow for single points of failure, censorship, abuse of power and inefficiencies. The fundament of their existence often is missing trust within communities or networks, so they need a trust building intermediary to be organized. Paradigm shifts towards decentralized systems are enabled by new technological breakthroughs (i.e. blockchain, cryptography, consensus mechanisms), a rapidly growing developer community as well as new ways of raising capital.

Some hypothesis or how to read the map

The map reflects some of the crypto community’s and my own assumptions. It’s not comprehensive, I tried to focus on significant, abstractable trends only.

General

  • The waves of innovation flow from “left to right” — starting with platforms and protocols followed by middleware, new financing methods and finally decentralized applications build on top of all that. The total market cap follows this path.
  • As of today most of the value in terms of market cap is created on the protocol layer (“fat protocols”) — about 70% of the market cap relate to Bitcoin and Ethereum ($51 bn of $71bn on May 29th 2017). One could also classify Bitcoin as an application though but it’s share of total market cap will significantly decrease over time. The more applications are build on top of the underlying systems and the more users become part of the networks, the more the underlying token gains in value.

  • Value is created on token level rather than on equity level, therefore opposing everything we experienced in conventional software businesses. Tokens represent an atomic unit of a company’s business model. Some are sold to finance the project but their main purpose is to monetize products and services in the long run. Tokens don’t make sense for any business model and need to fit into the company’s landscape of services to be useful.
  • Due to the strong influence of speculators and traders most parts of a crypto token’s value are based on speculation. A more objective approach of valuing a token would be to define its “utility value” by analyzing real life KPIs such as the activity of developer communities surrounding the project (github repos, contributors, quality of code), number of nodes and miners running the network, number of network transactions etc. over time.
  • Before building end user facing, decentralized applications (Dapps), the underlying infrastructure needs to mature. Even on protocol layer we are still facing challenges around transaction costs and overall scalability of bitcoin or consensus mechanisms of Ethereum.

Middleware

  • On top of those protocols true Dapps will require decentralized middleware. Sia Tech, Storj, IPFS / filecoin, Maidsafe and Minebox are pursuing the vision of distributed storage. The data to be stored gets fragmented into hundreds of pieces, encrypted (hashed) and randomly spread throughout the network, stored with multi region redundancy. The pieces are moved through the network autonomously when nodes (computers within the network) are switched off — only the user has the credentials to restore it by using private keys only she holds. Think of AirBnB for storage capacities but instead of paying in $ you pay in tokens automatically when using the service. No backdoors, no infiltration by law enforcement agencies, no server crashes, unhackable.
  • Distributed computing (Golem Project, ethereum), self sovereign identity and privacy (The uPort Project, Civic, Mysterium, Blockstack Inc), decentralized domain name services, external data providers (Augur, Gnosis, Oraclize, æternity), Developer frameworks (Lisk, slock.it), Dapp Browsers (Token, Parity, Metamask) and crypto payments are further elements needed to run truly decentralized applications. Building the middleware could take another 5 years I expect.

Capital & Liquidity

  • The fundamentally different value creation allows for new kinds of venture financing in form of ICOs attracting developers, technologists, early adopters and mainstream investors in that order. Besides distributing the tokens globally among early adopters and ambassadors who might use it for paying the company’s services, tokens are much more liquid than conventional equity and can be traded on secondary markets in form of crypto exchange platforms such as our portfolio ShapeShift.io or Poloniex. The downsides are a lack of information and the tendency of huge whales outperforming the “small fish” and thereby again centralizing the whole movement, what happened to the BAT ICO lately:
  • The new financing mechanisms democratizing venture financing to a certain degree will trigger the explosive growth of tokenized networks by fueling the network ownership effect — an unprecedented growth mechanic, kind of a network effect on steroids. Imagine you get an incentive for making other people use a service you love. The speed of crypto innovation will outperform everything we have experienced over the past two decades.

 Applications

  • Legal and GovTech will face significant change once programmable money matures. Contracts won’t need to be enforced by expensive and slow judges drowning in piles of paper but by code. In case specified conditions in smart contracts are met, actions — for example payments — are triggered automatically. Clause is working on very interesting solutions. Running distributed companies is an upcoming challenge Aragon and BoardRoom DApp address. Distributed voting systems and everything around liquid democracy are also potential use cases we will see in the future — bitnation-guides and Flux are leading this path.
  • Expensive non-value-adding middlemen and intransparent value chains are the reality in logistics and supply chain but blockchain will disintermediate. Wave, BlockVerify and Everledger are some of the pioneers in their respective fields to upgrade logistics and supply chain transparency.
  • We might see a paradigm shift from the “data economy” towards an “attention economy”. As soon as the infrastructure for self sovereign data ownership is in place and users get back the control over their data. Sovereignty will come at a price though. Basic Attention Tokendemonstrates how this could happen by incentivizing users who pay attention to ads with BAT tokens. Steemit incentivize content creators with their token Steem — think of being payed by the network for writing high quality stuff on reddit, medium or facebook. Userfeeds is building a new content ranking system making economic incentives behind content publishing and sharing visible — think of google with a transparent ranking algorithm fighting fake news and corruption.
  • As well as attention, logistics and law the energy sector operates in a very centralized manner by preventing people from trading electricity in peer to peer networks.
  • Payments are revolutionized by crypto currencies which have the main purpose to be used as digital cash — Bitcoin, Monero, Dash, Litecoin or ZCash are some of the most reputable coins. Instant settlement, no transaction fees, privacy and no governmentally controlled money supply are the killer features.

Mainstream adoption is still pretty far ahead, maybe 5 years or more. People don’t care whether or not software is build on blockchain technologies, what counts is utility and price. The big steps are made when large incumbent players integrate blockchain technologies. The messaging app KIK just launched its own token in order to incentivize developers building services on top of their ecosystem. Hopefully, Medium Staff and other media companies got inspired by Fred Wilson’s piece on why “Online publishing should look at Steem, not Spotify for inspiration”. Basic Attention Token now came up with a more generalist approach to this problem. Blockchain might also eat the marketplace stack. The question is whether the existing players (Uber, AirBnB, eBay) integrate the technology into their products or if they get attacked by some new kids on the “block”. Either way could lead to mainstream adoption.