Explaining Cryptocurrencies
Explaining Cryptocurrencies

Explaining Cryptocurrencies

This blog is for explaining what cryptocurrencies are and going through their pros and cons.

How to mine crypto with botfarms and is it worth it?

27 May 2020 1 minute read 1 comment 777yeet

For this example, we will be using a Amazon AWS free tier Microsoft Windows Server 2019 Base with 1 vCPU running XMRig non-stop for a week.  Requirements: a computer XMRig Monero mining software A Amazon AWS account (requires credit card) Luck. Hop...

How to cancel a unconfirmed transaction

24 May 2020 1 minute read 1 comment 777yeet

We've all been there. The pain of sending 30 Ethereum to a online exchange, only to find that you don't want to exchange anymore and that it takes 50 Ethereum to withdraw. Luckily, you're a cheapskate, so you tried to send it with a fee of 1 gwei ins...

Explaining Ethereum

20 May 2020 1 minute read 0 comments 777yeet

Ethereum: What is it? Is it just another cryptocurrrency that managed to make it to the top? Or it it actually just a bunch of smart contracts, more suitable for companies to buy and sell with each other? First, let's look at a "smart contract". func...

Loopring.io-Is it a good place to trade loopring?

15 May 2020 1 minute read 1 comment 777yeet

Loopring.io. The offical platform for trading loopring. Loopring is suggested by Loopring.org, coingecko and none other than our own publish0x as a reliable and official Loopring trading platform. ETH 0.000000 registration  ETH 0.010000 gas fees ETH...

After bitcoin halving update

12 May 2020 1 minute read 0 comments 777yeet

On the 11th of May, The rewards for Bitcoin per block were halved. Many thought this would make the price of Bitcoin skyrocket. But did it? As you can see, on May 10th, the price of Bitcoin dropped $807. Why? The halving of block rewards means that...

Mining Cryptocurrencies - is it worth it?

7 May 2020 1 minute read 3 comments 777yeet

When you google "Bitcoin", the first thing you see (or close to) is "bitcoin mining". But is it worth it? Let's look at the factors. we'll be using a Antminer s9 pro, using 16 kWh, running 24/7 with a 2% fee at a constant temperature of 25 degrees....

Explaining the blockchain

6 May 2020 1 minute read 0 comments 777yeet

So, what are blockchains? Blockchains are basically a bunch of hashes, with the hash of the last "block" being used to calculate the new block. The first block is called the Genesis block. So if I had 3 blocks, 1,2 and 3, if I changed the ownership b...

Explaining Bitcoin

5 May 2020 1 minute read 1 comment 777yeet

Bitcoin was made by Satoshi Nakamoto. It is supposedly a secure, decentralized peer-to-peer cryptocurrency powered by blockchain technologies. The genesis block was mined by Satoshi Nakamoto on the 3rd of Janurary, 2009. a blockchain consists of a ge...