“The drift to a non-uniform currency could become a serious issue for the us if cryptocurrency reaches a large volume of trade.”
CoinDesk
Experty’s $5000 Video Competition Is Now Underway
Experty is holding a competition that offers an opportunity for the participants to win 00 in prize money.
The Experty video competition is a window for its users to show the world how much they love the platform and how they intend to use it. Participants in the contest are required to upload the video to YouTube and Tweet the link to Experty’s official Twitter handle — @Experty_io, along with the tag #iloveexperty.
The competition, held exclusively on YouTube is open for users from all over the world. The video itself does not have to be professionally made. Participants can use any normal camera, webcam, or even their smartphone to capture the video as the whole point of the contest is to show one’s love for Experty platform. In addition to the 00 prize, the platform has also set aside few extra prices for the first videos sent.
To qualify for the contest, the video must meet few basic criteria.
- It should be at least one minute long
- The testimony should be accurate and relative to the Experty platform.
- It should not violate any of YouTube’s community or copyright guidelines in any way.
The public will also cast their votes on their preferred video submissions using Woobox on the Expert website.
Anyone can win just by submitting a qualified video early enough. The 1st place winner will win 00 worth of EXY or ETH while the 2nd place winner takes home 00 worth of EXY or ETH. The 3rd place winner collects 0 worth of EXY or ETH. Participants who submit early entries will receive 0 worth of EXY or ETH for the first 10 qualifying submissions. The winner will be announced by YouTube expert and influencer, Nick Nimmin, Experty’s own YouTube ambassador. Top 3 winners will also be announced on the Experty YouTube channel.
This will be the first time such a competition is held by the platform for its current and new users. If you are yet to join the Experty platform this is the time to do so, and stand a chance to enjoy these wonderful perks. The firm has developed a Blockchain based calling platform that allows two or more parties to connect via video link or audio call. Users can also send free text messages between each other. Video and voice calls are always paid at the providers predetermined rate. The platform consists of applications for mobile, web and desktop so that the platform’s use is truly unlimited.
Submissions end on the 21st April 2018, followed by voting on the 4th of May. Winners will be announced on May 5, 2018.
Learn more about Experty at – https://www.experty.io/en
Find out more about the applicable rules and disclaimers at – https://medium.com/@experty_io/are-you-experty-enough-to-win-61df09f41d77
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GPU Manufacturers AMD and Nvidia Face Increased Competition From Bitmain
According to trading and technology firm Susquehanna Financial, Advanced Micro Devices (AMD) and competitor Nvidia will suffer this year as specialized cryptocurrency mining chips hit the market from Bitmain. Susquehanna’s Christopher Rolland, who recently returned from a tour of Asia talking with various individuals in the chip industry, is behind these predictions.
Rolland explains that mining hardware manufacturer Bitmain has developed an application-specific integrated circuit (ASIC) chip to mine the cryptocurrency Ether — and an ASIC from Bitmain could pose new competition for AMD’s and Nvidia’s graphics-processing units (GPUs).
Rolland estimates Ether mining-related sales accounted for about 20% of AMD’s sales and 10% of Nvidia’s revenue. In turn, he cut the rating on AMD from “neutral” to “negative,” writing that Bitmain’s moves could impact the 20% of AMD’s sales that come from mining.
“Additionally, we have learned of the development of another hyperscale AI (artificial intelligence) ASIC,” writes to Rolland, “similar to Google’s TPU2, that begins production in 2Q18 and may reduce AI GPU growth in the data center.” Based on this proliferation of AI chips, Rolland cut his price target on Nvidia to 0 from 5, while keeping a “neutral” rating on the shares.
“Nvidia has a stronger and more durable gaming franchise which would help it work through this potential Ethereum-related unwind,” Rolland adds.
Not All Good News for Bitmain
In related news, Bitmain recently announced the upcoming release of a new model, the Antminer X3, that has been purpose-built for mining the privacy-oriented cryptocurrency Monero.
But the folks behind Monero are not supportive: an emergency software upgrade set for April is meant specifically to change the rules of the system so as to block the effort entirely, rendering the Antminer X3 ineffective. Not only that, but to keep hardware manufacturers from catching up, these algorithm edits are planned to continue with bi-annual networks upgrades.
The move is a defense of the mining made possible by Monero’s current algorithm, Cryptonight, which can successfully mine monero on consumer-grade laptops. Faced with competition by highly efficient ASICs, the fear is that laptop mining would be silenced.
“I will do everything in my power to help the community prevent the proliferation of centralization-inducing ASICs on the monero network,” core developer Riccardo “Fluffypony” Spagni declared on Github.
Issued by a solely by Bitmain, concerns exist that the Antminer X3 could lead to certain kinds of attacks, namely ones in which a mining pool takes over the majority of a cryptocurrency’s hashrate, creating false transaction histories, double spending coins, and censoring payments.
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Bitcoin Bulls Face ‘Alt’ Competition in Push to $20k
The price of bitcoin may be at all-time highs, but a wave of new investors could quickly tilt the market dynamic, analysis suggests.
CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7
Bitcoin Bulls Face ‘Alt’ Competition in Push to $20k
The price of bitcoin may be at all-time highs, but a wave of new investors could quickly tilt the market dynamic, analysis suggests.
CoinDesk
The Motley Fool Bitcoins Biggest Competition Is Litecoin
n Bitcoin is and has been on top, but the biggest competitor to domination may not be Ethereum but Litecoin.n
CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7
All-Time High: Bitcoin Shrugs Off the Competition Once Again
The price of a single Bitcoin exceeded its previous all-time high again today. Seemingly shrugging off doubt over its position as top-dog in the cryptocurrency world, the going rate of each unit of the digital currency reached an unprecedented £7,794 according to market price watch website, Coinmarketcap. This puts it ever-closer to the next major psychological milestone of ,000.
Bitcoin has had a turbulent month thus far. Its previous run up in price was brought to a sudden end following the news that the planned hard fork to introduce larger blocks to the main chain would not go ahead. Many believed that the fear and uncertainty created during the confusion over the planned upgrade known as Segwit2x meant that we’d seen this year’s all-time high for the currency last week and it would struggle to surpass this level again in 2017. However, as is often the case with Bitcoin, the doubt was short-lived. The price rebounded fast from its monthly low point on Sunday of around ,580 back to record-breaking highs in just four days.
As Bitcoin’s loss over the weekend was undoubtedly Bitcoin Cash’s gain, the reverse has been the case since. Money has poured back out of BCH and into BTC, driving the price per unit on the original chain to all-time highs, and the price of Bitcoin Cash down much closer to its pre-hard fork shenanigans price of near 0. On Sunday, the alternate version of Bitcoin reached its own all-time high point of almost ,500. It sits at just over ,000 at the time of writing.
Forbes report managing director of Crypto Asset Management, Tim Enneking’s interpretation of the events of the weekend. For him, the failed hard fork provided greater appeal for the August hard fork version of Bitcoin thanks to it already having much larger blocks and therefore supposedly greater transaction speed and lower network fees in general.
As you’d expect, the all-time highs in price coincide with an all-time high in interest in the digital currency. Google Trends shows that online searches for the term “Bitcoin” follows the price chart rather closely with spikes in interest this year at the end of May, beginning and middle of August, mid-September, and of course, throughout October and into November. Meanwhile, a look at which regions are searching the most for the term “Bitcoin” probably invites more questions than it answers. The top five areas that searched for the term “Bitcoin” from highest downwards goes as follows: Nigeria, South African, Bolivia, Slovenia, and Ghana.
With the bull run continuing and increased institutional money on the way thanks to the CME Group Futures market which should be online in mid-December, even today’s all-time high might not be the last of 2017. Only time will tell just how high the price can reach this year and beyond.
Image: Pixabay
The post All-Time High: Bitcoin Shrugs Off the Competition Once Again appeared first on NEWSBTC.
All-Time High: Bitcoin Shrugs Off the Competition Once Again
The price of a single Bitcoin exceeded its previous all-time high again today. Seemingly shrugging off doubt over its position as top-dog in the cryptocurrency world, the going rate of each unit of the digital currency reached an unprecedented £7,794 according to market price watch website, Coinmarketcap. This puts it ever-closer to the next major … Continue reading All-Time High: Bitcoin Shrugs Off the Competition Once Again
The post All-Time High: Bitcoin Shrugs Off the Competition Once Again appeared first on NEWSBTC.
Room for More? Bitcoin Cash Defends Price Amid Competition
The markets appear to be showing appetite for multiple forked versions of bitcoin, or so the bitcoin cash price would suggest.
CoinDesk
Competition Stiff Among Companies Using Blockchain to Disrupt Apps Market
n How Blockchain-based companies are trying to profit from the market that is to reach .3 tln by 2021.n
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