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Showing 20 of 424 results by Aponkye1
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Topic
Board Mining (Altcoins)
Re: mining electric cost calculator
by
Aponkye1
on 27/04/2019, 17:51:27 UTC
This tool would be quite a handy tool looking at the purpose it would server. At least it would help miners estimate their cost in setting up a  mining rig and decide if it would be advisable to go into mining looking at the fact that mining is really not profitable as it used to be especially if you are mining individually.
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Board Mining (Altcoins)
Re: Need suggestions on building mining rig
by
Aponkye1
on 27/04/2019, 17:14:06 UTC
Your description of mining rig is very cool and i think you can begin with some altcoins that are very cheap  and probably don't have many miners mining for their cryptocurrencies at the moment. But if you decide to go into mining of major altcoins such as Ethereum then i bet you would make anything profitable.
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Board Altcoin Discussion
Re: Will Binance get closed down?
by
Aponkye1
on 26/04/2019, 16:33:05 UTC
Binance cryptocurrency exchange really knows exactly that there are definitely US citizens who use their platform for their crypto activities and they would try as much as possible not to violate any of the US laws which may call for sanction and a possible shut down. CZ surely knows what he is doing.
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Board Altcoin Discussion
Re: Be aware, so many scam coins are around
by
Aponkye1
on 26/04/2019, 15:49:51 UTC
That's very true, there are a whole lot of cryptocurrencies that are being marketed with the intention of scamming investors their hard earned money. It's better to stay away from such cryptocurrencies and the only way to do this is to make sure you do a whole lot of background research before investing into any cryptocurrencies.
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Board Altcoin Discussion
Re: Is BNB the Next Bitcoin?
by
Aponkye1
on 25/04/2019, 22:11:17 UTC
No! how on earth would you want to compare Binance coin to bitcoin? Ethereum has been up on the second place but has never gotten to the stage of being at the same price with Bitcoin. I think most people are really hyping binance coin beyond its recognition. Bitcoin is king people and will forever be, no cryptocurrency can usurp the authority of bitcoin.
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Board Altcoin Discussion
Re: LTC or ETH, what good to own now??
by
Aponkye1
on 24/04/2019, 20:51:32 UTC
Litecoin and Ethereum are both great cryptocurrencies to hold but i prefer to hold Ethereum other than Litecoin because ethereum has a very large marketcap  which clearly shows a huge number of investors in Ethereum other than litecoin. Hopefully Ethereum can make it to another all time high when the bull market comes.
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Board Altcoin Discussion
Re: I'm buying alts now
by
Aponkye1
on 24/04/2019, 20:35:27 UTC
It's good that you have decided to invest into altcoins when they are cheap but do make sure you invest in cryptocurrencies that have the potential of rising when bitcoin rises and not some shit coin that has no use case in the cryptospace. Investing into such coins would surely be to a detrimental loss.
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Board Altcoin Discussion
Re: What do you think about Crypto now?
by
Aponkye1
on 24/04/2019, 20:09:19 UTC
I am very optimistic about the development and adoption of crypto in the near future and also the rise in the crypto market. Cryptocurrencies are very volatile and could reduce in value at certain point in time but when the crypto market rises most altcoins will rise  with it
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Board Economics
Re: Will Africa be a good place for crypto?
by
Aponkye1
on 17/04/2019, 23:22:42 UTC
The introduction of crypto to African countries would further worsen their state of finances as most governments of theirs would find ways and means to jeorpadize the features of the technology just to satisfy their greed. In addition, most african countries have very low literacy rate and one common theme in crypto investments is doing your own research. So how do you expect countries with very low literacy rate to conduct background researches into some activities in crypto.
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Board Bitcoin Discussion
Re: Invest now? or wait for down turn?
by
Aponkye1
on 15/04/2019, 08:33:31 UTC
This is the perfect time to invest and not wait anymore because if you wait any more longer you will definitely miss out on the bull run. I sense the bulls coming but it might take time and you can't definitely predict when it is going to happen so it is best to invest whiles prices are still low. A little piece of advice is to invest an amount you can afford to lose.
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Board Mining (Altcoins)
Topic OP
How would the switch to Proof of Stake work for Ethereum?
by
Aponkye1
on 13/04/2019, 06:28:27 UTC
I have always preferred the consensus protocol of Proof-of-Stake compared to Proof-of-Work because i believe that true decentralization is achieved on PoS. Just recently the Ethereum Network upgraded to PoS consensus mechanism yet i have not heard about the specific collateral coins that would be required by the network to host a node. I would like to know how they intend to use the PoS as its consensus protocol knowing that currently its supply is not capped yet.
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Topic
Board Mining (Altcoins)
Re: What coin should I 'mine' with my laptops?
by
Aponkye1
on 13/04/2019, 06:07:48 UTC
Mining with laptops is not the best of ideas as you would not be generating anything substantial. Remember you have mining farms all over the world to compete with and all you got is a laptop. Don't waste your time brother you better get into staking some coins or run  a masternode because with those all that matters is to get the required collateral coins needed to run a masternode. o
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Board Altcoin Discussion
Re: Lets be careful on what we are investing
by
Aponkye1
on 12/04/2019, 20:58:24 UTC
Indeed we have to be really careful in the projects we put our funds into because most ICOs that are being launched don't have any realisitic roadmap through which it plans to accomplish its vision and goals. It's best to invest into a project that has a product in the crpyto space already.
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Board Altcoin Discussion
Re: How is your trading strategy?
by
Aponkye1
on 12/04/2019, 07:55:06 UTC
Cryptocurrency trading is something that you really need to have some level of experience before investing your funds in there. If you can't go into all the technicalities of looking at trading graphs and make some predictions based on what you are seeing then it is better to pay into a private trading group. Such private trading groups can give you clear signals that can make you earn profits in the shortest time possible.
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Board Bitcoin Discussion
Re: WHAT HAVE WE DONE TO PROMOTE BITCOIN MASS ADOPTION?
by
Aponkye1
on 12/04/2019, 07:50:40 UTC
You are right, sometimes we all sit here and claim to see bitcoin being adopted globally yet we actually don't put any work into our words. If we really want to see bitcoin being used like our fiat currencies then i guess crypto enthusiasts need to put in maximum effort in getting news about bitcoin out there.
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Board Altcoin Discussion
Re: why there is so much fuss about decentralized exchanges
by
Aponkye1
on 12/04/2019, 04:36:53 UTC
I have traded on quite a couple of decentralized exchanges and I think they are very easy to trade on. Some people also feel safe having their own private keys of their own account when trading other than trusting it into the hands of centralized exchanges that get hacked frequently.
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Board Altcoin Discussion
Re: Binance(BNB) best alt coin !
by
Aponkye1
on 11/04/2019, 20:54:24 UTC
Binance coin is among the altcoins that is doing very great on the crypto market. i have seen it rise from $6 to about $17 now. The rise of binance coin has come as a result of strategic plans such as burning portions of it annually and also reducing trading fees when trading in BNB. I wish upcoming projects would put in such measures.
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Board Altcoin Discussion
Re: What do you think about Crypto now?
by
Aponkye1
on 09/04/2019, 09:38:22 UTC
Yeah i still believe in the rise of the crypto market but i would not advise holding much of altcoins. Invest into bitcoin or ethereum, those are my two sure bets. The future of crypto is very big and i believe that this year would be a great turn up for the crypto market.
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Board Altcoin Discussion
Re: How Ethereum plans on increasing their TPS.
by
Aponkye1
on 09/04/2019, 09:21:05 UTC
This is a great improvement on the Ethereum improvement by the team members but can you please tell us the range of speed that we are talking about here because in as much as you talked about increase in transaction speed you never gave any figure. Can you give us the figures or if possible a range of it would be appreciated.
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Topic
Board Economics
Re: 2018 the year of correction?
by
Aponkye1
on 08/04/2019, 07:57:07 UTC
2018 was never the year of the crypto market correction because we saw bitcoin dragging down in value with most altcoins following its lead. However, the latter part of the first quarter of 2019 seems to be the correction point. In the mean time bitcoin is now above $5k and things seems to be looking in the right direction for a further increase in value.