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The hottest news coming out of the Bitcoin world is it being split into two. The hard fork, everyone was eagerly waiting for was carried out on August 1st and we no more have Bitcoin – the lord of the crypto – as a single entity. Yes, now there are two bitcoins:! BTC (original Bitcoin) and Bitcoin Cash or BCH (forked version of Bitcoin).

what is bitcoin cash?

Bitcoin Cash is similar to Bitcoin in terms of protocol: same block time, 21,000,000 supply, proof of work SHA-256 hashing, and the same reward system.

However, two of the main things that separate it from Bitcoin are: block size limit and the difficulty level.

Bitcoin Cash proposes to expand the block size to 8 MB compared to Bitcoin which offers a block size of just 1 MB. The other major difference between the two crypto-bros is difficulty level as BCH will adjust the difficulty every 6 blocks as opposed to Bitcoin’s 2016 blocks.

Some other differences are discussed in the following part of the article.

What Is The Difference Between Bitcoin And Bitcoin Cash?

  • BCH is an altcoin forked off Bitcoin
  • It separates blockchain and bumps up the block size up to 8MB
  • It removes Segwit
  • If the split is not successful or the community refuses the usage, BCH will soon diminish after the split.

How To get Bitcoin Cash?

Before obtaining Bitcoin Cash, make sure you go through the following points:

Get Your Private Key Ready:

Get a private key to make sure you have access to Bitcoin wallet. Having a private key is essential as without it, there is no way you can access the coins.

Create A BCH Wallet:

In order to keep Bitcoin Cash somewhere, you will need to create a BCH wallet. This will help secure your bitcoins and also assist to make transactions.

Do Not Trust Anyone:

Do not trust anyone, I repeat, do not trust anyone under any circumstances. You will be contacted with numerous scammers/tricksters whose sole purpose is to steal your coins. You can avoid them by not responding back and keeping your private key unrevealed.

What Are The Exchanges And Wallets That Except BCH?

bitcoin vs other cryptocurrencies:

The list of Exchanges/wallets that except BCH include:

  • Bitfinex
  • com
  • BTCC
  • CoinFloor
  • Quoinex
  • ViaBTC
  • Cryptopia
  • Jaxx
  • Korbit
  • HitBTC
  • Huobi
  • OKCoin
  • Bitflyer
  • Bithumb
  • Bittrex
  • Kraken
  • OKEx
  • Yobit

Wrap Up:

The word is, we now have two bitcoins: Bitcoin and Bitcoin Cash (BCC or BCH).

Just remember to be cautious while splitting your BTC and read as much about the split as possible. Hopefully, you made most of the split and are now enjoying your free coins.

Do let us know how the split turned out for you below!

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Bitcoin’s Price Surge and Mining Hobby

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Roque Solis, president of the SoliSYSTEMS corp, never fictionalized that bitcoin mining equipment he credited in February would have already paid for itself and made money as well. SoliSYSTEMS Corp is a company which developed an EMV smart cards for electronic advantage transfer for the federal backing program.

Solis was powerless to ignore bitcoin by attending a number of conferences. So, he decided to do experiment new technology via mining. He wants to get the better handle on the technology, whether this technology has the ability to use in this company or not?

Then, Solis bought a Bitmain Antminer S9 for $2,400.

As a result, he mined 1.01BTC worth $2,584 in Bitcoin wallet, on this weekend. Solis said, “When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually, it’s been about five months.”

This gain indicates that individual hobby mining is not profitable anymore. Distinct miners don’t have the capacity to compete with the companies in mining bitcoins. with the $600 below price, electricity and pool fees, a person needs 500 days to break even on miner investment.

Furthermore, the rise in awareness about the mining pool, the price is also getting higher. Solis’s experience shows that hobby miner can break even within few months.

According to the Solis, money’s amount is increased on daily basis with miner’s jump from $7 to $16 freshly.

Price Substances:

According to the Sean Walsh, rising price of the bitcoins motivates the investing behavior of the miners. It is a key process which supports the whole network by safeguarding its ledger. Walsh said, “There are a lot of metrics that actually matter, like the number of people that own at least one bitcoin, but nobody cares about that. It’s just price. It’s the one score that wakes people up, and when The Wall Street Journal and other financial publications write about bitcoin.”

While Google trend shows the similar stories of bitcoin and bitcoin mining. Price factor of the bitcoin is not only the reason of increasing interest hobby mining. According to the Walsh experience, bitcoin transaction fees were stable from last few years, those fees have seen an uptick.

Walsh said, “This has to do with the block size debate, because the network is a bit congested, and people are having to pay more to get their transactions confirmed.”

In past, 100 bitcoins were per day transaction fees. Then this fee reaches to 350 bitcoins a day.

And, by 1,800 bitcoins shaped daily, 350 bitcoins are near to 20% of that. This is a blunt difference, a year ago when 60 bitcoins were paid in fees and 3600 produced on daily basis.

Walsh said. “that’s a huge boot.”

He added, “I don’t know that [increasing transaction fees] are affecting people’s interest in getting into mining. People may not realize why it’s more lucrative to mine bitcoins now, but when they run the numbers, the payback period looks better than it used to.”

New Blood:

He added, “It’s very important for people entering bitcoin mining that they really understand how to calculate their revenue and expenses. They need to make sure their cost basis and operating costs are very low.”

Like, if a junior miner overspends on accommodating servers, then there’s a modification, they are over-leverage.

Bitcoin’s value was down about 20% over the last weeks of June. Walsh said, “normal respiration of an asset class.” So far, others are not experienced in investing process and might be unaware of these fluctuations in bitcoin’s price.

According to the Solis, “it’s all about learning through experience”.  The Antminer S9 is running in Solis’s company’s server room and in the presence of the groups of servers, he is unable to identify how much electricity is used by the miners. Solis says, “It is noisy, though,” and “Compared to the other servers, it’s very noisy.”

It is a machine with two particular boards with fans that rotate at 54,00 – 7000 per minute revolution.  Solis is not the only one person who interesting in bitcoin hobby mining.

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Gold droops as Businesses Side with Cryptocurrencies

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With cryptocurrencies like Bitcoin and Ethereum, leading the charts, it is hard to ignore the fact that digital currencies are becoming everyone’s new want. Having investors line up right in front, looking forward to making new investments with the cryptocurrencies.

Every month, more digital currencies are added on to the list. Especially, with businesses turning to cryptocurrencies, demands in areas outside the digital world have seemingly begun to decline.

In all this, gold in the sudden surge in demand of virtual currencies our precious metal has suffered immensely.

Supply and Demand

Unlike Bitcoin, there is about $7 trillion worth of gold in the world.

The limits on bitcoin’s supply and the potential worth of the digital currency mean there will be an increase in demand for a limited product, thus driving up the value. Also, the time taken to add Bitcoins to the market has actually dropped since the difficulty to mine a block keeps increasing.

Future of Bitcoin and Gold

Tom Lee, the widely followed strategist said in a report that his model shows how Bitcoin could rise to a range of $20,000 to $55,000 in the next five years.

Moreover, as new cryptocurrencies arise, more and more investors have begun to accept the blockchain technology. Countries are wanting to implement these techniques into their financial sectors and completely decentralize.

Bitcoin now makes up the minority of the entire cryptocurrency market at about 41.6% of all coins and assets.

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The Truth Behind Whether TOR Browser is Completely Anonymous or Not

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 People have entirely assumed that Tor is a fully secure and anonymous alternative to surf the world wide web. But, has anyone ever tried to find out if all this is actually true or how anonymous it really is?

Much to our surprise, TOR is not entirely concealed because it also has a collection of risks and limitations one should pay attention to before using it. In this post, we’ve outlined the most common ways to monitor Tor’s internet traffic and track their origin.


Applications such as JavaScript, Plug-ins, and others are bound to leak your IP address:

If the main reason of your TOR usage is anonymity then you should steer away from JavaScript as it can allow external malicious websites to phish your IP address, while you’re watching a video or even using add-ons like Adobe reader and Adobe Flash.

Although JavaScript is disabled by default in the security settings of Tor’s browser bundle. You are advised to avoid turning on these options if your main priority is to anonymously browse the internet. Along with JavaScript and Plug-ins, BitTorrent is also an application that can leak your real IP address, so it is preferred to not use any such applications with Tor’s browser.

 

Exit Node Sniffing:

Due to Tor’s programming, it’s almost impossible to track the location of internet traffic. To further enhance the privacy, web activity is directed through randomly chosen relay nodes across the network, right before leaving the network to the web page. A majority of Tor’s traffic exits the Tor network.

Example: When you are entering Google via Tor, even if the traffic is directed through many Tor relay nodes it still has to exit the Tor network and connect to Google servers.

The place where the traffic exits the Tor network, also known as the exit Tor node. This can be monitored.

When it comes to using encrypted HTTPS sites like Gmail, they’re okay even though the exit node will be aware that you are accessing your Gmail account. Remember, whenever you are browsing an unencrypted site using Tor all your messages, pages visited and searches are monitored by the exit node.

It is your choice to turn your Tor node into an exit node although, this has its legal liabilities.

 

The Risk of Running an Exit Node:

As mentioned before, running an exit Tor node can lead to risks later on.  If you happen to be using Tor for illegal activities and the traffic exits out through your exit node, it’ll be tracked back to your IP address and it won’t be long until the cops are banging on your door.

 

It is advised when using Tor’s browser, to stay away from unencrypted websites whenever sending or receiving sensitive information because your traffic can be monitored. It’s not just law enforcement officers you should be worried about but, malicious predators as well that are looking to get a hold of your personal data.

 

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What Are Top 5 Proxies To Access .Onion Sites Without Tor Browser?

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Tor Websites or .onion can’t be simply accessed by the mainstream browsers such as Chrome, Firefox, Safari, etc. Your Internet connection needs to connect with a tor network to open a .onion site. However, the Internet Service Providers or ISPs often square access to tor network or a user who they think might be willing to get to the .onion site without associating with the tor network (Tor bundle).

In this situation, Tor Proxies come handy – Tor Proxy sites let you access .onion site or connections without expecting you to associate with Tor network or install Tor on your PC.

In this manner, you are totally anonymous and subsequently, can access .onion websites over a normal search engine/browser. Down below are the Top 5 Free Tor Proxies through which you can unlock .onion sites without Tor:

Related: A Beginner’s Guide to Tor

  1. *.Onion.to

 

A hidden service gateway to unlocking deep web on a normal browser. To use this proxy, all you need to do is append .to at the end of the onion URL at your regular browser and the site will load without any issues.

e.g. if the onion link is xyzypuo.onion; just add .to at the end of URL and the site will become accessible on your browser.

Related: How to use tor browser on iPhone?

 

  1. *.Onion.nu

 

Another proxy service, just like .onion.to. to access any onion site via this proxy network, just add .nu at the end of URL and your favorite onion site will be no more locked.

 

e.g. xyzypuo.onion.nu

  1. *.Onion.cab

To use this proxy, type http://onion.cab on your normal browser. Once the site finishes loading, type any of your favorite .onion URL inside. You can also unlock Tor sites without having to go to above-mentioned link by simply appending .cab to any onion URL you wish to visit.

e.g. dirnxxdraygbifgc.onion.cab

Related: What are Onion Sites And How To Access Them?

  1. HiddenService.net

Another alternative proxy which lets you access Tor sites without having to install Tor browser on your PC. You can either visit  http://hiddenservice.net to search those sites or add .hiddenservice.net to the original onion link to unblock the site.

E.g. dirnxxdraygbifgc.hiddenservice.net

Note – (While using this service, .onion is removed from the link and is replaced with hiddenservice.net)

  1. Tor2Web.org

Pretty similar to .onion.to. The service is very unstable on tor2web.org. However, if any of the above-mentioned proxies fail, tor2web.org could be your best option to access Tor sites.

Good luck with your deep web venture!

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Is It Possible for the Blockchain Technology to Survive Without Cryptocurrencies?

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Recently, there’ve been many fluctuations in the price of Bitcoin and altcoins. Bitcoin was once traded at $20,000, but the recent slump in the cryptocurrency prices made the top-cryptocurrency to drop to almost $6,000, however, it has now recovered and is now priced above $10,000. Ups and downs in the price of Bitcoin and other cryptocurrencies have been one of the most usual characteristics of the cryptocurrency market trend.

Will All Cryptocurrencies Fail?

Yves Mersch, who’s a member of ECB highlighted, that the wild fluctuations in the price of virtual currencies mean that businesses evaluation could find a large and detrimental break between their accurate and optimum price. There’s another negative prediction for Bitcoin which has come from a well-known investor, Warren Buffet. He says that cryptocurrencies are plunging, plus, he also highlighted, that he’d never invest in any of the cryptocurrencies. According to Buffet, all cryptocurrencies will come to a bad end.

blockchain technology

Many other critics have also listed their opinions on this recent slump in the price of cryptocurrencies, in which most of them predicted a miserable future for all of the cryptocurrencies. But the problem arises when some of the critics firmly condemn the idea of cryptocurrencies and at the same time, they have a soft side for the “blockchain”.

CEO of Netcoins, Michael Vogel doesn’t really share the same views that the recent crash in the price of Bitcoin and other altcoins indicates technology’s failure. He also highlighted, that seeing the growing phase of cryptocurrencies, the current instability should be considered as normal.

According to Vogel, these slumps are a part of “strong-trading” and he even contends that it’s almost impossible to separate cryptocurrencies from Blockchain. He thinks that cryptocurrencies and blockchain are intimately linked to each other, and both these technologies are mainly intended for huge success.

 Analysis:

According to Auxesis Group’s Kumar Gaurav, Bitcoin has got the same value for everyone who are investing in it and also notes, that while this pullback frightened the new-comers or made its sceptics feel inveterate, everyone who is familiar with the Bitcoin’s history knows that it shouldn’t be a surprise at all and such situations always recover quickly.

Cryptocurrency Blockchain Technology:

Cryptocurrency blockchain technology can help in achieving better efficiency, which doesn’t have anything to do with the cryptocurrencies. The Indian Finance Minister recently acknowledged blockchain’s latent that there’s a need of cryptocurrency, however, interests have shifted away from these cryptocurrencies to tokens in the past few years.

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