Category: Bitcoin

The Next Generation Of Asic Mining Can Save Coin 

Nearly every emerging technology follows the same pattern of enthusiasm and abandonment and then sometimes graduates into wide scale adoption–often referred to as the Gartner Hype Cycle and the same is true for cryptocurrencies and cryptocurrency mining. At first, technology trends such as inexpensive storage and processing power, and the ubiquitousness and accessibility of high-performance servers, made coin possible. Early experiments validated the distributed model, followed by growing buzz around Bitcoin and other digital currencies in social media and blogging communities until, in mid-2013, it became front page news in mainstream press.

There is a need for validation of the Dogecoin Dice to start playing of the games in the bitcoin casino. There is complete accessibility available to variety of games. The meeting of the needs is possible with the checking of the validation. A great experience is available to the players. 

The first generation of mining ASIC startups including BitFury, KnC, Hashfast, and BFL, thrived at the end of 2013 by tapping into the Bitcoin ‘gold-rush’ to sell millions of dollars of mining hardware on pre-order to eager and willing prospectors. In the frantic race to be the first to market and capture maximum profits, many startups were created ad-hoc without much attention given to planning or even best practices. Large amounts of money were thrown at ASIC design firms to compress schedules and shortcut steps in the production cycle in order to meet overly aggressive delivery dates promised to customers, as a way to attract more orders. This vicious cycle led to startups foolishly taking on more and more operational risk, for many teams that were already inexperienced or overrun by greed. Soon enough, one startup after another began missing delivery dates, delaying shipments, or failing to deliver altogether, triggering widespread market panic, customer outrage, and consumer lawsuits. When it was all said and done, many consumers had been taken to the cleaners and left many distrustful if not hostile towards vendors in this space. That is when we hit the trough of disillusionment, where we are today.

While there is a tremendous amount of negativity and pessimism about the space in general, the next generation of mining ASIC startups targeted other Scrypt-based currencies which include Litecoin, the main contender to Bitcoin. Instead of following the foolhardy path that the first generation of mining companies took, this second generation are designing highly efficient, flexible chips that deliver a lower total cost of ownership. That said, chip design takes deep expertise while production requires money. And, that’s where these companies are caught. They find themselves at the crossroads between traditional funding, through Venture Capitalists or Angels who have been scared off by the first generation of mining hardware companies, and the nascent crowdfunding platforms that are not mature or popular enough to raise enough capital to fund full scale production.

More specifically, for the small number of VC firms that are bullish on the cryptocurrency market, the mining business represents a short-lived revenue opportunity where the profitability of hardware is a race to the bottom and will quickly become commoditized, although this is slowly changing with the recent $20M venture round for BitFury. (This is the only deal of this size to date and it is an anomaly.)

A new interesting crowdfunding model–in the spirit of Kickstarter and Bitcoin–is equity crowdfunding. In the way that Bitcoin has decentralized currency, new services such as Swarm and Counterpaty seek to decentralize startup investing through crowdselling equity. While retail investors may express interest in decentralized crowdfunding, in practice, these services provide no investor protection and are subject to potential fraud and mismanagement. Centralized Bitcoin exchanges such as Havelock Investments and CryptoMex seek to provide some level of investor confidence through a vetting process that requires identity authentication and legal business checks. These platforms allow companies to offer a virtual IPO of their equity as well as provide open trading liquidity for early shareholders, which is a huge win for investors by giving them the option to cash out earlier. For startups, this offers an excellent option to quickly raise capital and allows retail investors to participate in early-stage investments which were previously only available to accredited investors.

However, there are two important roadblocks that make this route a non-starter. First, the SEC has lagged on approving the regulation crowdfunding exemption under JOBS Act Title III; the selling of securities to non-accredited US investors is still not permitted. Second, the average consumer is not a good target for mining gear, although given the right product and price point, there could be some success in getting people to donate and experiment. Given the cost-benefit tradeoffs, time is better spent going after larger investors with deep pockets.

So, ASIC startups are literally caught between a rock and a hard place that could result in reduced competition, slower innovation, and potentially spell the collapse of coin.

Let’s all remember why we fell in love with coin. It’s about the democratization of currency, the ability to send and receive money immediately anywhere in the world, to not pay expensive banking fees, and to transact in an environment that is secure and anonymous. The survival of the cryptocurrency market depends on the future generations of mining ASICs; look beyond the trough of disillusionment, invest in the cause, and help us ascend the slopes of enlightenment.

This Is What Everyone Want To Understand Concerning Live Dealer Casinos

For quite a while now, Internet igaming platforms have positively intensified their efforts in regards to offering up positively authentic gambling experiences. Fantastic interfaces, superb design together with marvellous artistic and audio FX features are offering a gambling feel the web has not known in the past. Absolutely balanced and unequivocally randomised gaming events are ensured by the use of world class RNGs driving this type of digital applications. To put it briefly, nothing could possibly be left to be wanted at any rate that’s what one would expect.

This is going to be an interesting venture for players to try out because live dealer casino is a new age phenomenon that should gel perfectly with the modern age group that are using topnotch devices and gadgets where live streaming videos are prevalent but with casinos going live then it is a booming phase for betting kings where they can give out free tips here for the players that have just started out in this field and place big bets on the ones they deem fit.

At a deeper glance, affairs may not be quite that resolved at all. For example a lot of participants actually do favour the feel and appear of conventional gaming halls. To them, it is all about that distinctive real time atmosphere which clearly cannot be convincingly be replicated by software run online games. Beyond, there’s the skeptics who simply won’t be won over to the view that the game applications offered via the web are truly randomised as well as, obviously, unbiased. In their eyes, it is only the genuine article when you have human operators taking care of the roulette wheels along with the poker card or casino craps tables.

Precisely what should I appreciate when engaging with this novel igaming trend?

As of late live streaming technology is so advanced (as are data transfer rates) that it’s fairly simple to offer live dealer casino games across the globe. It is hardly astonishing, then, that online gaming providers are progressively extending their offers towards this precise marketplace. As a result the all round experience quality has been improved enormously. So now you’ll keep track of real human staff dropping physical balls into real life kettles, dealing physical cards and supervising physical craps dice being cast. Everything is presented in High Definition video and live. Neither will it really matter whether you’re looking at the platforms using your laptop or using your pc tablet. The important thing being that anyone can genuinely engage in and bet real money on unquestionably real, physical gambling hall games.

What are your suggestions about where to shop for the best quality live dealer casino best buys?

Right on this site you’ll find lots of quality alternatives we can only advocate. There are other resources easily available online, of course.

For example, you can just simply try your luck at one of the diverse search engines to get hold of a wide-ranging list. Key phrases like “live dealer baccarat”, “roulette with live dealer”, “live casino hold’em” or maybe “live dealer casino games” are guaranteed to present optimal results.

Why Mike Tyson Loves Bitcoin

Mike Tyson is an interesting character, but you probably never expected to see his name associated with Bitcoin.

Bitcoin is the digital, virtual, crypto-currency that was invented in 2008 and was introduced to the world in 2009. There has been a lot of speculation as to whether Bitcoin can develop into a sustainable currency – an alternative to the regulated traditional currencies that we are currently used to. However its credibility has been undermined considerably by links to organised crime and allegations of money-laundering and illegal activity.

While the mining process of Bitcoin has become fairly technical and specialised, there is a growing demand for the trading of Bitcoin – as people look for opportunities to buy Bitcoin and use the currency in the growing range of retailers and service providers around the world who now have the capability to accept Bitcoin as a means of payment from casinofair.com.

Bitcoin Direct is one of the leading exchanges that facilitates the buying and selling of Bitcoin and recently it has launched a Mike Tyson Bitcoin ATM and can be used for cryptocurrency gambling.

It’s in Las Vegas of course.

While you can only buy Bitcoin using the ATM (not sell it), it’s an interesting move to have Mike Tyson as the face of the brand.

In this article we take a look at whether Mike Tyson is a wise choice for this new marketing initiative.

Why Mike Tyson?

It’s not really clear exactly what Mike Tyson’s connection to Bitcoin is – his is not exactly the first name that you would imagine when you are looking for some sort of guidance through the uncertain world of virtual, digital, crypto-currencies.

Tyson’s expertise is clearly in boxing – at his peak he was the heavyweight champion of the world. At his peak from around 1986 until 1990, Tyson fell from grace in 1992 when he was convicted of raping Desiree Washington. He was sentenced to six years in prison but was released after three years of incarceration. Tyson attempted a series of comebacks, eventually officially retiring from boxing in 2006.

From a financial perspective, it’s hard to describe Tyson as a prudent investor. During his career he earned over $300 million, with some fights delivering a pay-cheque of over £30 million, however he declared bankruptcy in 2003.

Mike Tyson is however a recognisable name, and possibly fits with the enthusiasm of Las Vegas for all things boxing-related.

When you stagger out of a casino, flush with your winnings of the night, perhaps it is an image of Mike Tyson that will entice you to exchange your dollars for some Bitcoin – a different form of gambling altogether.

In an attempt to pay off his debts, Tyson returned to boxing in 2006 for a series of four-round exhibitions against heavyweight fighter Corey Sanders. The fights were held in Youngstown, Ohio.Ongoing financial troubles has seen Tyson appearing in a range of movies and always seeming to court controversy.

An exchange is an exchange of significant worth between Bitcoin wallets that gets remembered for the square chain. Bitcoin wallets leave well enough alone bit of information called a private key or seed, which is utilized to sign exchanges, giving a numerical verification that they have originated from the proprietor of the wallet.