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Bunz Trading Zone is a Canadian online trading and barter platform. According to the local paper “The Globe and Mail,” the platform is launching its own cryptocurrency under the name of BTZ. BTZ is pronounced as “bitz” and as it’s reported, BTZ is going to be the first Canadian cryptocurrency to launch to ‘an already-established community’ and will become available to 200,000 users of the company from 9th April.

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Bunz Trading Zone

The Bunz community grew rapidly after its launch. Bunz was basically launched as a private Facebook group in 2013 by Emily Bitze (fashion designer) for exchanging unused things with friends and after the launch, it expanded outside Facebook and Toronto. The Bunz website, plus app, were launched two years ago.

According to the Globe and Mail reports, the platform expanded rapidly due to its minimalism and the absence of cash. Though, the currency’s absence based on barter platform, has offered one of the biggest challenges to Bunz as well. Without an exchange of currency, there won’t be an evident income stream.

Bunz Users Will Receive 1,000 BTZ

After this latest cryptocurrency news, the project’s blog showed details that all Bunz users will be receiving 1,000 BTZ respectively, which can be traded for goods and facilities and can be exchanged amid the members of the community. Basically, the 1,000 BTZ will have the value of about ‘three coffees’. Sascha Mojtahedi, who is the CEO Bunz Trading Zone says, that the company has planned a revenue model, however, he refused to say anything about what it is or when it is going to be introduced.

Mojtahedi said that the main purpose of the BTZ launch is to grab the attention of more users to the platform, as he stated:

“You have to be able to reward people with cryptocurrency that they’ve earned as a result of their passive involvement in the network and then enable them to use it with their peers and merchants. It gives us the room to create new models that people may not have thought of.”

Also, at the beginning of this year, known as an e-commerce giant of Japan, Rakuten announced its plans to issue its own cryptocurrency. Hiroshi Mikitani (CEO) said that it’s going to be a borderless currency.

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PayPal vs Bitcoin: Why has PayPal Filed a Patent?

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On 5th March, it’s been reported that a patent has been filed by PayPal in order to speed up cryptocurrency transactions by eradicating the confirmation period of payments. However, it’s been claimed by many Bitcoin experts that this is already possible through the current technologies in the cryptocurrency industry.

Basically, the main purpose of PayPal patent is to improve the whole procedure of settling cryptocurrency payments between both buyers and traders on retail or e-commerce platforms. To avert each transaction from being broadcasted to the public Blockchain, users’ secondary wallets will let the unique private keys of both buyers and sellers to be transferred privately.

bitcoin patent

The PayPal patent read;

“In order to be sure that the Bitcoin transaction will ultimately result in a transfer of Bitcoins to the payee, the payee must wait until the mining process confirms the transaction before transferring goods and/or services to the payer. In many transaction situations, a 10-minute wait time will be too long for payers and/or payees, and those payers and/or payees will instead choose to perform the transaction using traditional payment methods rather than virtual currency. Issues like this have slowed the adoption of virtual currencies despite their advantages.”

What’s Peter Todd’s Response?

According to a Bitcoin developer, Peter Todd, PayPal is attempting to patent a technology that is already present in the cryptocurrency industry. In 2016, Opendime was created by a former Bitcoin marketplace “Coinkite”, and is a hardware Bitcoin wallet with multi-signature bank-grade security. It lets users transfer Bitcoin with inner private keys, allowing them to utilize Bitcoin like fiat money, such as the US dollar.   However, compared to Ledger and Trezor, Opendime structurally differs from other hardware wallets as it cannot be reused. Opendime is basically a USB stick as it can only be used once and has to be destroyed to use the funds that are stored inside, which allows it to be used as cash.

PayPal’s technology encourages its users to transfer the whole wallet or private key linked with a predefined amount of a cryptocurrency and the procedure of transferring bitcoin payments through Opendime, which is just like PayPal.

The patent explains:

“The systems and methods of the present disclosure practically eliminate the amount of time the payee must wait to be sure they will receive a virtual currency payment in a virtual currency transaction by transferring to the payee private keys that are included in virtual currency wallets that are associated with predefined amounts of virtual currency that equal a payment amount identified in the virtual currency transaction.”

Is It Really Possible for PayPal’s Technology to Improve Cryptocurrency Payments?

PayPal’s technology could let the cryptocurrency payments to be processed between both buyers and traders quickly by eradicating hefty transaction fees only if it’s executed at large commercial scale.

Yeogieottae, which is a major hotel booking platform in South Korea has recently partnered with the country’s largest cryptocurrency exchange, Bithumb, to allow cryptocurrency payments. Even in Japan, the biggest sellers have started to accept Bitcoin payments for a while.

However, on the other hand, a problem could occur while transferring private keys if the settlement occurs in a centralized manner. PayPal patent clearly explained that for carrying out the process of settling payment, it could depend on a payment service provider device as it could lead to a centralized system, managing the transfer of private keys.

Owen Williams revealed the findings of GDPR last week, which disclosed that PayPal shared complex financial information of its consumers with over 600 entities. The centralization of cryptocurrency payments and private keys could direct to susceptibilities and data selling if this technology by PayPal’s can exploit non-custodial wallets and allow both users and traders to endure in full control of their private keys during the whole process.

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10 physical Bitcoins

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Digital currencies assert itself on the world’s platform. Somehow, few companies introduce some physical bitcoins. And, these physical coins have been used around for years. To appeal the consumer’s company, introduce the coins in attractive designs, precious metals with low price.

Physical coins have the limited market. In additions, coins are as conversation pieces with limited stock. Some of them don’t have the physical appearance but considered as physical because of its specifications.

Meanwhile, a limited market of the physical bitcoin is being a problem. However, supply is less than the demand, so be aware of scams while you are buying coin online.Here are some physical bitcoins.

Casascius

Mike Caldwell, a couple of years ago Caldwell start minting his coin “Casascius” a couple of years ago. Unfortunately, his product was banned due to some security issues. Whereas, sales of Casascius resume again this year with 3 listing coins with gold plated bar. Whereas, a bag of 500 Casascius costs 0.39 BTC. In addition, Caldwell sells the silver, gold plated products, aluminum promo coins.

Alitin Mint  

These coins were designed by the John B Andelin in tribute to pioneer Adam Smith and French patron saint John of Arc. Basically, Alitin mint is 2 premium coins and the third one is in process of designing.

Pure silver coins with the weight of two ounces. Whereas, each series contain the 600 coins. Adam smith’s coin shipping is with 2BTC and it priced at 2.92 BTC. While Joan of Arc coin’s cost is 1.45 BTC comes with one bitcoin.

 

 

 

Titan Bitcoin

A beautiful coin with limited stock designed in the USA. Titan Bitcoin is a type of unique coin ID and purely rooted with a  security hologram. Meanwhile, a web page reports the current value of the coin. In addition, you are able to transfer the coin’s amount anywhere in the world with the permission of its one-time redemption code.

Titan’s one gold price is $2279 , while it carries 1 troy ounce of 24-Karat gold and bitcoin. However, the one bitcoin, the titan silver costs $729 with .999 pure silver, too much expensive.

Accordingly, a company has three more coins in a triple digital territory with less price from 0.5 to 1 BTC.

 

           

Cryptmint coins

A two in one metal,  which is a wallet as well as a physical coin. Cryptmint coin pushed, inspected by the hand to make sure the flawless finish.

This .999 silver is 39 mm in diameter and one troy ounce. Whereas, the price of this silver coin is $99. While company sells copper coin at $42 also. There is an option to choose a coin with different QR design on its back. In addition, these coins are the ship without any bitcoin preloaded.

 

 

Antana coin

With 300 unique coins per batch, Antana bitcoin’s difficulty increases within 10 days of a new batch. Antana offers the coins with less price and has mint with the well sense of humor. Each batch of Antana follows a particular theme with statistic data network for a time period.

Whereas, batches of the Antana coins has different names like Goodbye Mt Gox batch, transaction malleability batch, bump and dump batch, race and ROI batch etc.

Meanwhile, these coins are sold at 0.02 to 0.04 BTC. And, full set of 20 Antana coin’s cost is 0.41 BTC. Although, they are infrequent bitcoin motif product, which means they are not physical coins with QR core and hologram.

 

Ravenbit Satoshi coin

These Satoshi coins are composed of 85% copper with 39mm diameter and 3mm thick. Whereas, the front of these coins is consisting on the outline of a person filled with the binary code that converts to Satoshi Nakamoto. In addition, the kit of Satoshi coin with two security holograms, few goodies, and pouch, cost at $25.

 

 

 

CoinedBits

like Antana coins, CoinedBits are not physical coins but relatively novelty new items. One ounce weighted coins are 38mm in diameter and 3mm thick. In addition, CoinedBits are the purely gold plating of 18-Karat. Whereas, these coins cost at $14.99 in northern America. And, for overseas its cost is $19. 99.

 

Lealana coins

A number of unfunded coins with prices from 0.042 to 0.325BTC. whereas a set of Lealana coin is cost at 0.891 BTC.

Coin that never materialized

Most of the physical bitcoin projects are on delay or defunct. Although, they are not asserting themselves and gets out from the race. In the same way, a Chinese bitcoiner introduce a coin of 24-Karat with one ounce. Unfortunately, the current status of the coin is unclear. The coin is,

 

DIY coins

There is a number of 3d printed designs and they are available at Google search, mostly on 3d marketplaces. Whereas, the issue is, some of the designs are costly. Meanwhile, by making a proper coin you can do a few plastic or semi-professional attached filament printers.

In any case, 3d printing is an alternative process to creating physical coins. Apart from the actual cost, a 3d model cost is € 8.50. whereas services are the different opportunity, but in few belongings cost of printing is less than the price of shipping.

 

 

Goodluck!

 

Tags: buy physical bitcoin, physical bitcoin for sale

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REPORT: South Korea Is Considering to Reverse Ban on ICOs

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According to the latest report, in the coming months, ban on the ICOs (Initial Coin Offerings) by South Korea could be eased. In September, it was reported that the Financial Services Commission of the country had moved to ban the blockchain funding model. However, the latest report by the “Korea Times” claims that there’s a chance that the ban may get lifted, especially for token sales.

ICOs

From an anonymous source, it’s stated;

“The financial authorities have been talking to the country’s tax agency, justice ministry, and other relevant government offices about a plan to allow ICOs in Korea when certain conditions are met.”

Even with the local ban, a lot of cryptocurrency users in South Korea are still contributing to international ICOs. The official at the FSC (Financial Service Commission), that manages and supervises the cryptocurrency trading rules, Kang Young-soo, has denied to give any statement on ICOs and just said that third-party-view is being considered by FSC.

Moreover, Young-soo has also confirmed that the government is also looking forward to make a whole lot better infrastructure for regulating the trades of cryptocurrency and also to advance blockchain technologies. On the other hand, international cryptocurrency market is presenting new challenges for lawmakers as well.

At this time, there’s a ban on the overseas residents from trading cryptocurrency in South Korea. The main purpose of this ban is to curb money laundering and other cross-border crimes that might be possible. Meanwhile, it’s been reported that the officials of South Korea are having a word with counterparts in China and Japan, in order to discover regulatory collaboration, which at the same time, also means that any final regimes could be settled with those countries.

Right now, the biggest problem that the government is facing with cryptocurrencies is its inability to efficiently control taxes from cities that hold the currency. Though, countries like Japan have shown a way of managing it, by taking each ICO on a case by case method, while other countries like China have chosen a total ban. China is showing no sign of willingness to ease this ban on the ICOs (Initial Coin Offerings), as this is the country’s own ban, which was revealed in early September to South Korea’s announcement. When a ban on ICO was announced by South Korea, it was really discouraging, as this country is best known for accepting and implementing the latest technologies.

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Bitcoin vs. Ethereum- 2017 Edition

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There are various warriors out there fighting for the cryptocurrency crown, but the lead runners are Bitcoin and Ethereum and both have serious backing. Due to the increase in competition, it is important for investors to understand the similarities and differences between the two.

Bitcoin vs. Ethereum- 2017 Edition

What is Bitcoin

Bitcoin is the first form of digital currency which was created by Satoshi Nakamoto. Since everything is shown on the public ledger, the blockchain, you can be confident that the transaction is legitimate. Bitcoin offers lower transaction fees than traditional online payment mechanisms and has no interference of banks. Also, it is used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also trading digitally at the moment.

What is Ethereum

Ethereum is meant to be much more than a payment system. It is also based on blockchain technology and was introduced to supplement decentralized applications.

It even features smart contracts and the Ethereum Virtual Machine. Firstly, Ethereum’s smart contracts allow contract negotiation and facilitation using an app which provides a decentralized way to verify and enforce them. It is powered by the Ethereum cryptocurrency Ether, which is held in the Ethereum wallet. Their aim is to provide greater security than normal contracts and bring down the associated cost. Also, the Ethereum Virtual Machine helps to create blockchain applications in a much easier and efficient way, enabling people to run any program.

Bitcoin vs. Ethereum:

In Bitcoin blockchain, miners mine to earn bitcoins and two-thirds of all available bitcoins have already been mined. The reward for mining halves about every four years and it’s current value is at 12.5 bitcoins with average block time as 10 minutes. Due to this block time, Bitcoin is suffering from slow transaction speeds thus, vendors and purchasers are choosing to shift.

On the other hand, Ethereum rewards its miners with ethers, which is a kind of token that fuels the network. You earn 5 ethers given for each block and unlike Bitcoin, Ethereum’s block time is 12 seconds. Ethereum’s GHOST protocol enables quick block time. The faster the block time, the quicker the confirmations. However, there are also more orphaned blocks. Ethereum gives application developers the opportunity to create all sorts of applications that carry out their own set of operations, which have never been seen before. While smart contracts are set up to be unchanging and trustworthy, they are still ultimately a creation of humans who are capable of error.

Another major difference is the supply of Bitcoin, which is exceedingly low, with just 16.24 million left from 21 million. Whereas, Ethereum has over 89,752,192 coins currently existing. This is an advantage for Ethereum since Bitcoin might be left behind due to its low supply.

Furthermore, both Ethereum and bitcoin use different hashing algorithms. While Bitcoin uses SHA-256 algorithm that produces a number in hexadecimal format, Ethereum uses Ethash algorithm.

Here’s a table representing all the differences between Bitcoin and Ethereum:

 

The future of Bitcoin and Ether

As we glance into the future, it’s hard to get a grip on who exactly is going to be on top of the chain. Over the years, Bitcoin has become more and more popular, there has been a steady increase in volume since the beginning of 2017. It now represents a technological breakthrough that has the potential to change the way the world banks. Now standing on $2209, for the first time in history, surpassing even the price of gold.

However, as high as Bitcoin pushes, it is going to drag Ethereum with it as well, which is now trading at $175. While the future of Ether is more uncertain than the future of Bitcoin, the potential gains are also much greater.

Both digital currencies continue to push all-time highs for almost every available metric and show no or very little signs of slowing down.

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Bitcoin mining hardware

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Is the bitcoin mining being really profitable? Some of this technology users say yes, it is profitable. Whereas, bitcoin mining is a difficult task while you are competing against Chinese miners. As the year 2016 was the best for mining described by the stakeholders. While mining of the bitcoin become difficult after a second halving event. Whereas, reward on mining of one block decline from 25 to 12.5 BTC.

You need more efficient mining hardware if you want to compete and continue with bitcoin mining process. Few of the mining hardware are given below,

Ant miner S5

This is the cheapest miner often known as the entry-level miner. Users of this device are fully satisfied with it. But the block reward is decreasing now. You are not able to generate 0.05 coins in revenues. In addition, to get full BTC, miners have to operate one year and eight months.

 

Bitcoin mining hardware

Ant miner S7

You have the ability to produce 0.15 bitcoin with ant miner S7 to become a leader. While, If the currency value continually growing up, it will be the very good investment. This device is better for the early adopter of the technology. Whereas, it is not enough strong to produce a large number of bitcoin.

 

Bitcoin mining hardware

Avalon 6

Avalon 6 is same as s5 and s7 with little changes. While the users of this technology are fully satisfied with it. Miners mostly select s7 instead of Avalon 6 because of it is $100 more expensive than s7. This software has the capacity to earn 0.12 bitcoin per month.

Bitcoin mining hardware

Ant miner R4

This mining machine is specially designed to mine bitcoin at home as a hobby. It has the ability to compete with s7. In addition, the upside of this hardware is cooling machine. Furthermore, it is quite compared to the other bitcoin miners. You can break even with this device within a year. Whereas, it involves the risky investments. And miners become outdated after six to nine month. ROI only produce in case of currency values continually increases.

 

Bitcoin mining hardware

Avalon 7

Bitcoin mining hardware

Avalon introduce the most recent mining device Avalon 7 or 721. It is quite cheap as compared to the modern mining hardware devices. In addition, with entry-level mining, miners can break even within two years.

Ant miner S9

It is basically a cream of the crop. In addition, with the capacity to mine 3 or 4 times more BTC, it is five-time expensive. This device uses electricity more efficiently because it provides the profit at a short time period.

Accordingly, this device is new in the market is the most sophisticated rig. Antminer has the capacity to mine 0.5 coin monthly in which extra expenses are not included. Whereas, with the greater hashing power Antminer S9 work efficiently.

Bitcoin mining hardware

Bitmain manufacturer

A top maker of the Application Specific Integrated Circuit hardware (ASIC) Bitmain is easily available for the public in a market. S9 is the latest model in the market. Whereas, its chip is smaller than the others mining hardware but is more efficient in working.

Accordingly, miners will be able to break even within the year.

Bitcoin mining hardware

Bitcoin mining hardware

Upcoming mining hardware

Following are some mining hardware with efficient mining capacity.

Fast- hash one

Fast- hash one series is including silver edition, gold edition, platinum edition means three model machine is in one setup. Machines come with the same module. And has a capacity to up-grated up to six.

EditionsStartTops outProduce bitcoin
Silver edition64GH/s384GH/s0.2 up to 0.85 bitcoin per day
Gold edition128GH/s768GH/sSame as above
Platinum edition256GH/s1.536 TH/sSame as above

 

Gold and platinum editions support up to six expansion cases. Whereas, silver does not support this sort of cases. These miners are available for pre-order and each extension contains 16 modules.

The price of this fast-hash one is $2499- $5999.

Bitcoin mining hardware

CoinTerra and TerraMiner IV

CoinTerra and TerraMiner IV is bitcoin mining machine. Which is drove by CoinTerra’s own in-house ASIC chips, Goldstrike I. In addition, TerraMiner with 4U power supply is built on 28nm process.

Specifications

This miner contains 4 ASIC chips with the hash rate of 500 GH/s. Accordingly, CoinTerra IV has the total hash rate of 2TH/s. Furthermore, a price of $ 5999, CoinTerra translate to just over 1.1 bitcoin per day.

 

 

Bitcoin mining hardware

Hashfast Sierra

Hashfast sierra is an efficient performance mining machine. It is basically built into 4U mountable case with two seansonic power supplies. Sierra has the hash rate of 1.2 TH/s means 0.66 bitcoin per day. This miner does not have an on-boarder controller. So, you have to connect through a USB. This main control is everything that will run CGminer, a mining software. Hashfast sierra with a cost of $6300 is available.

Bitcoin mining hardware

Black arrow Prospero X-3

Black arrow X-3 is presented by 20 black arrow minion ASIC chips. The ASIC built on 28 nm processor and are in-house design. The 20 Minion ASIC chips in the Prospero X-3 give it a hash rate of 2TH/s, good for about 1.1 Bitcoins per day as of the time of writing. The Prospero X-3 has been designed with up to 20% under- and overclocks in mind. It also supports the lightweight Stratum mining protocol.

The Prospero X-3 is available for pre-order and is scheduled to be available at the end of February 2014.

The price of this mining hardware is $6999.

 

 

Bitcoin mining hardware

KnCMiner Neptune

Bitcoin mining hardware

This miner is quite possibly the granddaddy of all Bitcoin mining machines. Whereas, it is basically four modular 20nm ASIC boards, designed so that the machine will continue mining even if one (or more) of the boards fails. Accordingly, it follows up from their previous miner, the Jupiter, which was built on a 28nm process.

The Neptune has a minimum hashing speed of 3TH/s, which translates to about 1.66 Bitcoins a day. This is a vast improvement on the Jupiter, which was only able to mine 0.6 Bitcoins a day. KnCMiner also mentions that they have the right to increase the speeds as it nears shipment, so the Neptune might end up being even faster once it gets into miners’ hands.

The KnCMiner Neptune is currently available for pre-order and is scheduled to begin shipping in Q1/Q2 of 2014, limited to 1200 units.

The price of this mining machine is $12,995.

Good luck!

 

 

 

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