At CTN we bring you the latest crypto and blockchain news – all in once place.
We want to ensure you are always getting a well rounded view, so we asked our friends at Coincentral what their top five most read articles were for the month and it looks like Bitcoin supply, Initiative Q and mining are high on the list.
1. Putting Initiative Q on Trial | The Next Big Thing or Complete Scam?
What Is Initiative Q? By now, you’ve most likely seen what many people are touting to be the next big payment network. Or according to others, the next big scam. Whether you’re deep in the cryptosphere or not, their message has probably come across your Facebook newsfeed at one time or another.
After looking at the evidence, we can conclude that Initiative Q probably isn’t a scam, per se. However, this verdict doesn’t mean that the project is in any way legitimate.
The most prominent feature that Initiative Q promotes is the integration of cash and card functionality into a smartphone. We agree this is a great idea. Only, it already exists (Apple Pay, Samsung Pay).
All Initiative Q seems to be doing is further digitizing our current financial system while muddying it up through a worthless currency and questionable marketing tactics. The team isn’t even planning on building the network until mid-2019, and only if it gets significant traction before then.
In the end, the choice to sign up is your own. But we’re confident that down the line, it’ll be much more than your name and email address you’ll be giving up.
2. How Long do Bitcoin Transactions Take?
Despite bitcoin’s ascendant popularity, the actual process of using cryptocurrency remains murky to many people. Transactions—public, yet secure, as they’re reliant on bitcoin’s underlying blockchain technology—are the key to the currency’s future success. They also present some of Bitcoin’s most immediate challenges: wait times, system overloads, and transaction fees necessary to pay “miners” to process the decentralized currency.
Time will tell if the continued use of bitcoin will smooth out the frequently uneven transaction process.
Read more here.
3. Is Mobile Mining Profitable?
Most people would agree that mobile mining is not worth it. When factoring in high energy costs potential data fees and low computing power, mobile mining is a very difficult inefficient way to earn cryptocurrency.
While we will likely see some advancements in mobile/tablet computing power and functionality of mobile mining apps, it still appears that mobile mining will be no match for traditional mining for the foreseeable future.
Read the full article here.
4. The Best GPUs for Mining – 2018 Edition
You will need to take into consideration a number of factors to determine what the best GPU for your particular rig is. Be sure to carefully consider the electricity costs involved in your operation so that you can predict your profit accurately. All of the units listed above have proven to be the hardware of choice for GPU miners and by sticking to this guide; you can avoid the headaches most first time miners encounter.
5. How many Bitcoins are left?
There are currently close to 4.3 million Bitcoins left that aren’t in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 16.7 million Bitcoins currently available. Out of those 16.7 million, it’s estimated that 30% of those may be lost forever as a result of things like hard drive crashes and misplaced private keys.
What are you interested in? Share your comments below!