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At CTN we bring you the latest crypto and blockchain news – all at once.
We want to make sure we always have a complete vision, so we asked our friends in Coincentral which were the five most read articles for the month and it seems that the supply of Bitcoin, the Q initiative and the mining activity are at the top of the list.
1. Putting the Q initiative into trial | The next big thing or complete scam?
What is the initiative Q? By now, you've probably seen what many people are proposing to be 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 arrived at your Facebook news feed at some time or another.
After examining the evidence, we can conclude that the Q initiative is probably not a scam, per se. However, this verdict does not mean that the project is in any way legitimate.
The most important feature promoted by Initiative Q is the integration of cash and card functionality in a smartphone. We agree that this is a great idea. Alone, it already exists (Apple Pay, Samsung Pay).
All of the initiative that Q seems to be doing is further digitizing our current financial system, confusing it with a worthless currency and questionable marketing tactics. The team does not even plan to build the network until mid-2019 and only if it gets significant traction before then.
In the end, the choice to register is yours. But we are confident that across the board, it will be much more than your name and email address that you will give up.
Read the full article.
2. How long do transactions with Bitcoin take?
Despite the ascendant popularity of bitcoin, the current process of using cryptocurrency remains obscure for many people. Transactions – public, but safe, as they depend on bitcoin's underlying blockchain technology – are key to the currency's future success. They also present some of Bitcoin's most immediate challenges: waiting times, system overloads and transaction costs needed to pay the "miners" to process the decentralized currency.
Time will tell if the continued use of bitcoin will ease the often erratic transaction process.
Read more here.
3. Is mobile mining profitable?
Most people agree that mobile mining is not worth it. When high energy factoring costs potential data and low computing power costs, mobile mining is a very difficult and inefficient way to earn cryptocurrency.
Although we will probably see some advances in the computing power of mobile / tablet and the functionality of mobile mining apps, it seems however that mobile mining will not be at the height of traditional mining operations for the foreseeable future.
Read the full article here.
4. The best GPU for mining – Edition 2018
You will need to consider a number of factors to determine which is the best GPU for your particular rig. Be sure to carefully consider the costs of electricity involved in operations so that you can accurately predict your profit. All the units listed above have proven to be the hardware preferred by GPU miners and adhere to this guide; you can avoid headaches that meet miners for the first time.
Read more.
5. How many Bitcoins are left?
We are currently near 4.3 million Bitcoins left that are not yet in circulation. With only 21 million Bitcoins to exist, this means that there are approximately 16.7 million Bitcoins currently available. Of these 16.7 million, it is estimated that 30% of those could be lost forever due to hard disk crashes and private keys out of place.
Read more.
What are you interested in? Share your comments below!
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