12/25/18

United in partnership: BitDeer joins forces with BTC.com and AntPool for Cloud Mining Service

The cloud computing company BitDeer enters the mining business. With prominent support from AntPool and BTC.com, BitDeer wants to use its cloud mining service to attract private individuals to Bitcoin Mining.

The bear market also has its good side: as a large number of miners are forced to shut down their mining hardware due to low prices, the hash rate drops. Those miners who are still able to operate profitably in the market are also faced with a decreasing difficulty. The current crash of the hash rate has almost taken on historic dimensions. With a minus of 15.13 percent, we are witnessing the second largest waste of the Mining Difficulty at Bitcoin ever.

New competition for the Bitcoin formula industry

BitDeer sees this as an opportunity rather than a threat to the Bitcoin formula infrastructure and is preparing to enter the mining industry: https://www.geldplus.net/en/bitcoin-formula-review/ Together with BTC.com and AntPool, the platform officially launched the cloud mining collaboration on 12 December. This was announced in a press release on December 12.

In the press release, however, the value proposition reads no different than that of the classic cloud miner.

“BitDeer makes it possible to mine Bitcoin without having to buy expensive mining hardware, the press release says.

Ultimately, cloud mining should lower the market entry barriers for Miner by allowing private individuals to rent computing power from the pools. Depending on the size of the investment, a share in the proceeds from mining, i.e. the coinbase rewards and transaction fees, will then be offered.

The solution for small Bitcoin trader is Pool Mining

Bitcoin trader such as this lead to more centralisation in mining, but are sometimes the only way to survive in the Bitcoin trader market, according to BTC.com CEO Zhong Zhuang.

“Large players will further expand their competitive advantage by operating large mining pools”.

However, even small miners will remain competitive if they join forces to form pools.

“That’s why BTC.com appreciates the partnership with a platform like BitDeer and is looking forward to attracting more private individuals to mining,” said Zhuang.

12/22/18

Despite Token Fail: Civil starts in February – CVL included

The journalism platform Civil is to go to the start in February – despite the Initial Coin Offering which failed in October. Civil would like to direct the focus away from the Blockchain on their core business, the journalism. Nevertheless, the CVL token continues to play a role in Civil.

Civil had already announced the Bitcoin profit:

“The failed Token Sale will not prevent us from developing a blockchain-based platform for journalists. After the ICO expired on 15 October without reaching the soft cap of eight million US dollars, Civil began to investigate the Bitcoin profit causes. Civil founder Matthew Iles met with his Bitcoin profit scam team, partners (including Forbes) and consultants. In the end, there was agreement that Civil had neglected the journalistic aspect of the project in favor of a fixation on blockchain technology.

“Civil was never about ICOs and tokens or even blockchain. We’re about community property, transparency and trust. We believe that journalism (and the media in general) should compete in the craft sector, but work together on infrastructure. Technology is an important means to an end, but we let it take our message, complicate our experience and distract us from our core objectives. We will not make this mistake again”, announced Matthew Iles after the failed Token Sale on Medium.

Launch in February, including Bitcoin profit with no time limit

Civil intends to launch on the Bitcoin profit market as early as February 2019. In the Civil Registry app, newsrooms are networked in a decentralized manner and thus form a community that manages itself. The basis is a set of rules with journalistic standards, the “Civil Constitution”. In addition with the Civil Publisher an Add-on for WordPress is to be launched. This will enable online journalists to deposit their content on the Ethereum blockchain.

The CVL token will also be sold again in February – for an unlimited period of time. There is neither soft nor hard cap, the CVL is to be sold until all 34 million tokens are among the people. The token plays a central role in governance within the civil ecosystem:

“CVL tokens are the means of the civil community to submit, vote, challenge and participate in discussions about civil journalism,

is stated in the roadmap published on 19 December. But there is no longer any mention of the fact that it is also used to pay for journalistic content.

12/18/18

Bitcoin falls? Interest is rising – a silver lining on the horizon

A study by the University of Cambridge shows a significant increase in the user base of crypto currencies. Using public data, the researchers extrapolate the approximate number of new registrations on Bitcoin exchanges such as Binance and Coinbase. The result: the increase in the number of users of crypto-assets continues regardless of any price turbulence.

Despite bear market for the Bitcoin trader

This pair of terms has become the winged word in the Bitcoin trader scene these days. Because, even if the Bitcoin trader price drops according to onlinebetrug and the market is buried for the second time: The news situation is extremely positive – not to say “bullish”.

A study by the Centre for Alternative Finance at Cambridge University confirms this fact: It confirms that the user base of crypto currencies is demonstrably increasing “despite the bear market”.

In the 2nd Global Cryptoasset Benchmarking Study, the authors come to the clear conclusion that the sale of 2018 did not detract from the popularity of crypto currencies. On the contrary, based on a study of publicly accessible data sets, the researchers come to the conclusion that the absolute number of users of crypto currencies has risen from 85 million (2017) to 139 million (Q1-Q3 2018). This corresponds to an increase of 63 percent within one year.

Based on data from other studies, scientists estimate the proportion of the population in possession of crypto-assets at two to nine percent.

Private crypto trader investors increasingly open to Bitcoin

The exciting thing: The majority of the newly acquired crypto trader enthusiasts appear to be private investors and not institutional crypto trader investors or business customers. This is evident above all from the data available to the authors from the Bitcoin stock exchanges.

Another trend that suggests itself is a tendency towards greater compliance with KYC and AML guidelines (KYC: “Know your customer”; AML: “Anti Money Laundering”). This is because the proportion of stock exchange users who have undergone KYC onboarding has risen disproportionately compared with the previous year (94 percent). The regulatory efforts of the financial supervisory authorities seem to be bearing fruit.

Long-term thinking is on the horizon
Meanwhile, the new basis exercises itself in patience and swears off short-term gains. As the study shows, the on-chain volume traded in almost all crypto currencies – with the exception of Bitcoin – is declining.

“The figures show a significant slump in on-chain transactions. This confirms the view that speculation and long-term strategies are currently the main use cases for crypto-assets”.

In short, the Hodl Army is increasing.

A ray of hope in bearish times.

11/17/18

Interview with Fitleap-CVO Lars Müller: Establishing mass-capable blockchain applications for the fitness industry

FitLeap wants to launch a new fitness app on the market. Users will be rewarded for their fitness activities – FitLeap offers an incentive system for sporty people. A blockchain is to be used to store whether users have actually followed certain activities. The data packages then store fitness data such as the number of steps or calories burned. In an interview with Fitleap-CVO Lars Müller.

With FitLeap, a new fitness app will soon be launched on the market. How do you want to differ from the countless other fitness apps.

What does this Bitcoin news have to do with Blockchain?

Fitness apps on the Bitcoin news market have one thing in common: they collect your data and store it centrally in order to market it or, in the worst case, sell it to third parties on the Bitcoin news. With Fitleap, every user has full control over what happens to their data.

Your data is encrypted on your mobile phone and you decide whether you want to share it or not. We use blockchain technology to prove that you have really done certain activities (e.g. 10,000 steps). It’s like proof that you’re really fit. How exactly does it work? A hash or fingerprint of each data packet (steps, burned calories, etc.) is stored on the blockchain.

Every time new data is added, we check whether old data has been changed. If cheating has occurred, as with the Bitcoin blockchain, no new transaction is accepted. One can also imagine that there is no Bitcoin in your wallet, but the proof of your healthy lifestyle. We call this Health Asset.

It is also particularly important that we dock to all existing fitness apps. So you can continue to use your favourite app and – ideally – exchange already collected data directly with us for rewards. This makes us an “add-on” to existing apps on the market and our incentive and gamification approaches bring activity back into the apps of our interface partners – a real win-win.

And you certainly want to bring out the Bitcoin formula that will make you a lot of money?

For our users there will be a Bitcoin formula token as an incentive for their activity. However, this can only be earned through physical activity and redeemed in our FitLeap Marketplace for your favourite products. Ergo, we do not sell tokens in a token sale.

In order to provide our company with more capital, we are working with industry experts, lawyers and other blockchain companies to develop a regulated security token that allows investors to directly participate in our entrepreneurial success in monetary terms. We will distribute a dividend, which is defined by our turnover, to all investors via a Smart Contract. More details can be found in our weekly live streams in our Facebook group.

11/14/18

Interest in Bitcoin startups on the part of venture capitalists

Behind the interest in Ethereum is the fact that some companies in the crypto-currency industry implement Ethereum as part of their products.

Stephens pointed out that some Blockchain Capital portfolio companies such as Bitfinex, Kraken and BitGo now offer Ethereum services. GoCoin, a company that makes payments in Bitcoin, Litecoin and Dogecoin possible, will also support Ethereum soon.

Many companies accept Bitcoin code

Instead of simply selling chocolate, many companies now have chocolate and vanilla in their Bitcoin code portfolio. According to Demirors, some companies in the DCG portfolio should follow a similar path and build a Bitcoin code infrastructure for service providers in the crypto ecosystem.

“Many of the first companies in this ecosystem are still existing Bitcoin companies. They could use their operational and strategic business capabilities with banks, regulators and other stakeholders to build a robust global network for the exchange, saving and management of ether.

Such arguments were used by the financial sector to illustrate how more block-chain-based technologies could enter the market.

Existing growth Bitcoin code potential

The interviewees have different opinions regarding the growth potential of Bitcoin code start-ups. DCG’s Scher believes that an important cornerstone of their investment strategy is the assumption that Bitcoin is both a safe value and a tool for fast, arbitrary value transfer. According to Scher Ethereum, Bitcoin cannot yet keep up with this.

However, Scher Ethereum sees potential as a platform for smart contracts, identity management and other technology industries. “Startups that build such products and services should consider using Ethereum as a basis in the future. It is easy to use in this context and has wonderful features. In this context, Etherem is a wonderful development for us and the blockchain ecosystem.”

According to Dimorors, the Ethereum community could one day overtake the Bitcoin community in terms of the number of developers. Stephens also sees the budding interest in Ethereum as positive. Ultimately, it is only now that venture capitalists are beginning to analyze the potential for investments in this area.

“It is still too early for final judgements. We have met with a dozen companies, only a handful of which are worth investing in. But that will change.”

10/11/18

In a parable about a million US dollars

The first step for the modelling is to create a fit based on the time between 17 July and 29 November 2017. As a function we assume the following:

Course = K0*(1+gradient)^(t-t0)

The function that best fits the price trend would be one where the distance between this model and the actual price is smallest. One then obtains the following relationship, represented logarithmically:

The data of the fit model can now be used to determine a value for 31.12.2020. And indeed! The best fitting fit, extrapolated by the end of 2020, even leads to 23 million US dollars. So far one could say that John McAfee’s forecast is very conservative.

The problem with such a view is that we focused at the top on the development during a bull run. If the data are taken into account from July 2017 to the present day, “only” half a million people are left.

This study could be carried out in more detail

How does the forecast for 31.12.2017 develop depending on the starting time? For the next analysis, the fit is extrapolated to 31.12.2017, whereby the fit is based on data between a variable starting point and today’s date.

Of course, the data can only be considered to a limited extent; from the beginning of 2018, the statistics are too small, which means that forecasts fluctuate considerably. But before that the graph looks like this:

As one can see, the forecast “one million US dollars per bit coin” is currently not tenable at least over a fit based on an exponential price development. If only data since the beginning of 2017 are taken into account, the forecast is tenable, but after that the forecast price drops dramatically. In this respect, it is to be feared that McAfee’s claim was primarily based on the bull market.

Watch out, McAfee: Only a small probability for a million!

Another approach was introduced a few months ago: Using random walks and the Monte Carlo method, you can model estimates of the Bitcoin price. In this article, the aim was to obtain a price statement for only one year, but the method can also be used for larger time forecasts. Let us therefore consider the distribution of simulated price developments up to 31.12.2020. The histogram shows the probability of achieving certain prices over the same period:

If you take the last 2,000 prices into account, there is actually a certain probability that a price of one million euros will be reached at the end of 2020. How high is this? Unfortunately only at 3 percent.

Time will tell whether John McAfee should worry about his crown jewels. What is certain is that his bold forecast is not impossible, but quite unlikely.