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      "author": "steemitboard",
      "permlink": "steemitboard-notify-spurss-20190926t093609000z",
      "title": "",
      "body": "Congratulations @spurss! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@spurss/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@spurss) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=spurss)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemitboard-supports-the-steemfest-travel-reimbursement-fund\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmXDHs9xfx8ZZ3DESFUqHRUQAcQT5kUWobArsRoJg2Yz1F/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemitboard-supports-the-steemfest-travel-reimbursement-fund\">SteemitBoard supports the SteemFest⁴ Travel Reimbursement Fund.</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "memo": "Hi @spurss! We know you love music because you are a DSound user. DSound music community needs your help! We have a community witness named @dsound that we would like you to vote for and we also greatly appreciate delegations of any amount, to help curation of our content since Steemit Inc removed their delegation. Delegations will be profitable soon and the first to delegate will get bigger rewards, please read @prc last post for more info... Thanks a lot for your support to DSound community! :)"
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      "permlink": "coinmine-launches-plug-and-play-home-crypto-miner-that-anyone-can-use",
      "title": "Coinmine Launches Plug-And-Play Home Crypto Miner That Anyone Can Use",
      "body": "Blockchain startup Coinmine has announced the launch of its innovative new cryptocurrency mining device. The device is a combination of hardware and software, which is designed to bring ease of use to digital currency mining so that anyone can mine crypto from home.\n\nOne-Click Mining Setup\nThe Los Angeles-based startup has revealed in a press release that its first device, called the Coinmine One, is ready to go to market. Coinmine has been in existence for several years and has succeeded in attracting the attention of some notable names in the cryptocurrency community.\n\nAccording to Crunchbase, Coinmine raised over 2 million in its first funding round. Included in the startups’ list of investors is leading digital currency exchange Coinbase Ventures. Other notable firms are Social Leverage, Wonder VC, Arrington Capital. Additionally, the startup was able to secure investments from some angel investors, including Balaji Srinivasan, Brian Norgard, Anthony Pompliano, and Ryan Hoover, among others.\n\nMaking Mining Easy\nIn the early days of bitcoin, mining was a relatively simple affair. Following its release by its pseudonymous creator Satoshi Nakamoto, mining bitcoin was possible on a simple laptop. However, as the years passed, the mining difficulty increased and to mine the digital currency, miners required specialized mining hardware to do so.\n\nCurrently, to mine bitcoin, one needs a large rig of ASICs mining machines that will cost tens of thousands of dollars to set up. The significant costs associated with the acquisition of mining rigs as well as the energy costs effectively cut out a large portion of the sector who cannot afford to set up the relevant contraptions.\n\nAdditionally, mining is a fairly complex operation and requires a significant amount of knowledge on the users part. Because users will generally implement their designs for mining rigs, they must also have the requisite command of the software portion of the operation. This includes staying up to date with any updates issued by the networks they are currently securing.  \n\nDue to the factors outlined above, the mining game is now dominated by corporations who possess the necessary resources to participate in a cost-effective way. Unfortunately, this applies to bitcoin as well to many of the other leading coins.\n\nRemedying this situation is the motivation for Coinmine. Its co-founder, Farb Nivi, explains that Coinmine is attempting to return to the dogma that initially permeated within the cryptocurrency industry: decentralization and financial autonomy.\n\nNivi said in a press release:\n\n“Crypto is not just about buying and selling magical internet coins. It’s about people combining computation to decentralize the world’s money and information from the hands of a few and into the hands of the many. We made this easy enough for anyone to do.”\n\nThe Coinmine One\nCoinmine’s first device is called the Coinmine One, which can now be pre-ordered for $799. The contraption makes it incredibly easy to mine the supported cryptocurrencies. To begin mining digital currency, users just the device to an energy source and consequently interface with the device through a mobile application.\n\nThe plug-and-play nature of the device is a welcome addition to the crypto sector. Moreover, the device is energy efficient, consuming the same amount of electricity that a vacuum cleaner designed for home use requires. The Coinmine One device is also aesthetically pleasing, with a sleek design reminiscent of an Apple computer.\n\nThe combination of ease of use, relatively low costs, as well as the removal of the need for large spaces to hold the mining rigs turn a normally complicated undertaking into a user-friendly simple plug-and-play operation.\n\nAngel investor, Brian Norgard, is of the opinion that Coinmine is meeting an important market need. Norgard, who served as the Chief Product Officer at online dating platform Tinder, explains why Coinmine attracted the attention of major investors.\n\nNorgard stated:\n\n“Throughout my entire career, I’ve worked to make complicated ideas simple, fun and useful. At Tinder, we removed the pain associated with setting up a dating profile so people could get to the action. When Farb initially came to me with the basis for Coinmine, I knew it was a radically novel solution to a messy problem- it was as they say, a perfect match.”\n\nThe Coinmine One is currently only able to support Ethereum, Ethereum Classic, Monero, and Zcash, as well as an experimental privacy-centric digital currency called Grin. The website reiterates that it will release support for other currencies in time. The device runs on proprietary software designed by the Coinmine team called Mine Os. The software is designed to automatically include any updates issued by the networks of the digital currencies and, thus, making mining as comfortable as possible.\n\nBalaji Srinivasan, one of the investors who contributed to the startup, explains that the Coinmine One is likely to do well because it is an opportunity for users to access cryptocurrencies without needing to buy them. Additionally, users can pretty much turn a profit in their sleep.\n\nSpeaking to Fortune, Srinivasan said:\n\n“It’s a pretty cool idea to be able to plug a device into the wall that makes money for you while you sleep. As a purely economic proposition, you’d have to balance the cost of power and the hardware device itself with the cost of the coin or token that you’d be mining. There are so many assets now that there is probably always an arbitrage somewhere.”\n\nIt is important to note that any mining returns generated when using the Coinmine One device attract a 5 percent cut from Coinmine. Moreover, users should be aware that the profits are stored in the corporate wallet of the startup and then distributed to the users. This centralized aspect of the new miner will make many cryptocurrency users skeptical. Nonetheless, it will be interesting to see how the market responds to the Coinmine One, especially in the currently struggling GPU mining market.",
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      "body": "Ravencoin One interesting thing about this coin is that it managed to avoid the pitfalls that are very likely to occur in other projects. The Ravencoin project is used to allow users to send and transfer differently on a safe and decentralized blockchain. In addition, it also provides secure messaging channels that can be used for communication. Decentralization allows users to provide answers and payments, and users receive payments as payments. Besides that, hold ASIC, and also more energetic than Bitcoin.",
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      "body": "![1519811659966089.jpg](https://gateway.ipfs.io/ipfs/QmShdQZghQnhq2jjwELFVgEARgmSXabwnYkfDhUukWUJi7)\nIn its journey, Bitcoin became the virtual world currency. Bitcoin (BTC) transactions exploded and shocked. The product is selling well and becomes a prestige of individual wealth in the international world. The Bitcoin Organization of Indonesia says the total value of all BTCs in circulation penetrates US $ 1.5 billion with Bitcoin exchange transactions worth millions of dollars every day, even though only four years is declared publicly. In the United States alone the circulation of Bitcoin reaches 35 percent of the circulation of Bitcoin worldwide. While China 5 percent and in Indonesia is still about 1 percent.\n\nThe value of Bitcoin is also astonishing. Initially 10,000 Bitcoin was only worth two pieces of pizza when tested first traded in January of 2010. That means 1 BTC valued US $ 0.0025 equivalent to Rp23 using the January 2010 rate at the level Rp9.200 or Rp33.75 with the exchange rate Rp13.500 in the medio February 2016. Now with a total of 10,000 BTC, the coffers of money can soar up to US $ 3.9 million or equivalent to Rp52.8 billion using the highest exchange rate of Bitcoin on February 12, 2016 for US $ 391.24 per 1 BTC.\n\nNominal growth is already relatively normal. Price 1 BTC has jumped to Rp1.216.73 on MT Gox Exchange on November 17, 2013. But at other times a Bitcoin is only worth US $ 13-US $ 100. Bitcoin prices have plummeted to a range of US $ 500 per BTC from US $ 1,100 per BTC when the Chinese Government banned the use of Bitcoin or even free fall to US $ 3.50 when Bitcoin MT.Gox and MyBitcoin agents hacked into hackers that led to leaked information and theft of the virtual currency .\n\nBut in other periods the price of Bitcoin could soar to US $ 1,242 shortly after the Senate and the United States Government affirm for the first time that Bitcoin innovation should not have any obstacles in its developmental process.\n\nBitcoin exchange rate fluctuations are closely related to world economic policies including the regulation of a country, the perceptions of hope and worry (panic) of Bitcoin owners and the number of Bitcoin demand and supply in the market.\n\nAs bitcoin demand grows, it can boost price increases and when demand for flagging prices weakens. Bitcoin is limited in number and new bitcoin is made with predictable levels with a downward trend, so that demand must follow the inflation rate to keep prices stable.\n\nBitcoin was once named the currency of the year, then crowned as the best investment of the year. [But] has also been named the worst currency or the world's worst currency when the price falls.\n\nHowever, many of Bitcoin's pessimists will be able to shift the conventional currency both locally and globally. The reason is Bitcoin has a problem because it has no underline and is not centralized. In addition, Bitcoin also does not have a deposit and credit mechanism like any other currency.\n\nPoltak Hotradero, Head of Indonesia Stock Exchange Research Division, said that the use and status of Bitcoin is just as an alternative currency that is used by a group of people. In terms of function, bitcoin is considered only able to meet a small portion of the function of currency that is as a means of payment.\n\n\"So I'm not saying that Bitcoin is only for hobbies, but its use and status as an alternative currency will only continue to be an alternative. Because Bitcoin to date is only a form of payment only to fulfill some of the functions of a number of functions of all currencies, \"he said.\n\nPoltak added that the utilization of Bitcoin that does not require banking institutions is also considered not to be able to shift the banking function, because the exchange rate is very volatile. \"Though on the cheap transfer side but the exchange rate risk is very high. So I do not see that Bitcoin can replace the mainstream currency functions, \"Poltak said.\n\nFor that, he considered Bank Indonesia not yet need to issue a special policy related to this digital currency. If in this case BI reacts and over reactive, it will invite even greater interest from the community.\n\nMeanwhile, Vice Chairman of Legal and ASEAN Chamber of Commerce, Bernardino Moningka Vega rate digital currency is closely related to e-commerce transactions, so it is more urgent to set the electronic transaction system first. Along with the increase of e-commerce transactions in the country, the government should properly regulate the system and record all transactions through the internet.\n\nAccording to him need to create an accounting format that combines the data of all transactions via the Internet as an electronic transaction platform that has been applied in the United States, so that its economic potential can be optimized.\n\nHe said the Bitcoin digital currency system is difficult to become the currency of the future",
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