/biz/ - Business & Finance

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Well like the title says anons, what coin/token are you currently mining, and which do you recommend?
I'm currently mining 0xBtc just because I think it has the potential to jump in price later this year.

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>>12522655

First there’s bitcoin:

1. Bitcoin relies on miners to secure the network
2. If bitcoin were a currency the sheer number of transactions would sustain strong and profitable mining through fees.
3. BUT....
4. Bitcoin is an asset, and assets have very low money velocity because people hold expecting some kind of return in the future.
5. THUS....
6. The number of transactions would unlikely sustain a strong enough mining economy to properly secure the network.
7. Unless the fees are high enough to incentivize enough miners to mine for transactions fees. And hopefully it’s enough to thwart off a 51% attack.

You forgot one

If not, you're missing the point of what crypto is all about. This is the first pure mined currency built for Ethereum applications. You can buy centralized shitcoins that half the supply is automatically in the palms of unknown teams that can dump on you. This token has fair distribution and had no ICO or pre-mine (Bitcoin was pre-mined by Satoshi Nakamoto). The contract can be programmed drectly into Ethereum dapps. There is no team, but a community that welcomes anyone wanting to build on Ethereum.

If there is any cryptocurrency to take a look at, this is the one.

>Whitepaper
https://github.com/0xbitcoin/white-paper/blob/master/README.pdf

>What is 0xBitcoin?
https://youtu.be/BK68jbXOIWY

>Medium articles
https://medium.com/@0xK/the-what-the-why-and-the-how-of-0xbitcoin-5c635fe2df6b

https://medium.com/@admazzola/deeper-analysis-of-0xbtc-token-contract-code-a93cdfbba45a

https://medium.com/@mseiler1/0xbitcoin-and-the-first-mineable-token-faaf8fb84d23