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Amidst Increasing Mining Difficulty: Mining-as-a-Service Can Help

Many are now considering mining-as-a-service as a better alternative to investing in costly hardware to pursue plans of joining the bitcoin mining bandwagon.

The bitcoin market has recently been yielding price levels running between between $44K and $46K. A single unit of bitcoin earned as a reward therefore already equates to such price values, which after deducting all related costs could still bring a reasonable return on one’s investment. That is, if projections are based on high hash rates, a condition denoting that a miner can quickly complete a block and present proof-of-work with very little electrical costs involved.

The reality however is that the number of people who are trading bitcoins has increased, in addition to those who have been regularly using bitcoins for their transactions. Growth, especially if phenomenal, has huge impact on the difficulty of mining for BTCs amidst a highly competitive environment. Even if an ASICS mining machine runs the calculations when searching for a block hash, the machine has to perform a massive number of guesses. sometimes replacing numbers thousands of times in order to solve and complete a block of hashes related to a particular block header.

Although there is no limit to the number of guesses made to solve a block hash, the fewer guesses made the more profitable for the miner. That being the case, one’s bitcoin mining machine could run up electricity costs before a miner earns a bitcoin reward, costs that are likely to erode profits projected under normal, less difficult circumstances.

How Can Mining as-a-Service Help Make Mining for Bitcoin More Profitable

The best way to find out whether mining-as-a-service or MaaS is the better alternative, is to try out the platform so you’ll be able to compare if you will be spending less on costs whilst earning rewards at the present difficulty level. In using this type of service, you will have the option to utilize as many bitcoin machines as you want if you’re already a professional bitcoin miner. Startup bitcoin miners though will be limited to one bitcoin machine, until they get to attain that level of mining skills commensurate to a professional miner.

Nonetheless, the main benefit of using MaaS when venturing into the business of bitcoin mining is that you will be using mining machines that run in a thermally controlled environment whilst using low-cost electricity. The provider of a MaaS platform will in turn collect a certain percentage from whatever profits earned by a customer, after the cost of electricity is deducted.

The Elevate Group for one charges a fixed rate of 20% as share of the profit. That is after deducting the costs of electricity used by the bitcoin machine/s included in the Equipment Management Agreement. Additionally, there is a 1% fee collected to cover for the cost and maintenance of the company’s dashboard wallet. To learn more about Elevate Group’s MaaS platform, check out the company’s website, as it furnishes tutorial videos and a page dedicated for FAQs about bitcoin mining.

Posted by Madelina Feliks in Cryptocurrency

Elon Musk’s Dogecoin Endorsement Sets Off Buying Frenzy for the D Coin

After Elon Musk said he would take a break from Twitter, he returned 2 days later with a tweet calling the Dogecoin cryptocurrency ” the people’s crypto.” As investors have been looking into other cryptocurrencies or altcoins that have the makings of the next important crypto money, Musk’s endorsement immediately had set off a buying frenzy for Doge coins.

Musk’s tweet had sent Dogecoin trades surging by more than 50%, boosting the price range of the virtual coin to between $0.054 to $0.064 from a previous $0.0012 After the buying spree occured, Musk tweeted an image of himself depicted as Lion King’s Rafiki, proudly holding the Doge dog mascot up high, whilst adding “ur welcome” as text.

Apparently, the Tesla Chief’s trade recommendations have been making an impact, his recent tweets of support for CD Projekt, Etsy and the controversial games retail giant GameStop created a positive effect. Musk’s support of GameStop had actually boosted a covert 2-year in the making plan hatched by a group of anonymous stock investors converging at Reddit’s r/WallStreetBets forum.

Background Info about Dogecoin

Dogecoin or DOGE is represented by the D symbol , and uses the image of the Shiba Inu dog that originated from the “Doge” meme. It was introduced in December 2013 by founders Billy Markus, an IBM software engineer and Jackson Palmer, an Adobe software engineer. Their goal was to create a digital payment system that will reach a demographic that is far more wide ranging than.bitcoin This explains Elon Musk’s branding of DOGE as the people’s crypto.

In July 2020, a TikTok video that aimed to hike the coin’s worth to $1.sparked an increase of Dogecoin’s price. Reddit users, likewise, gave attention to Dogecoin, as additional support to the Tesla giant’s D coin endorsement. As a result, Dogecoin soared further, bringing the increase in price at an estimated 800%.

Posted by Madelina Feliks in Cryptocurrency

Cover Car Accident Expenses With The Help Of Loan Companies

Automobile accidents frequently happen in just about any country across the globe, and such accidents can bring about varying levels of damage to the vehicle, driver, passenger/s as well as pedestrians. Because of this, the expenses could add up and be too much to handle, making it physically, emotionally and financially devastating and overwhelming for everyone involved in the crash.

To get by and be able to afford to pay for these expenses, car accident victims frequently seek the assistance of loan companies, especially when they file a lawsuit for settlement. The funds provided by legal loan companies are usually used to pay for living expenses such as basic household needs and bills. Some loans would even pay for lawsuit expenses, particularly when you are expecting to receive a settlement.

Car Accident Loan for Legal Expenses

Car accident victims may need a loan from legal loan companies to pay for expenses throughout the legal process. This is especially true when the car accident victim wants to pursue legal charges against the negligent driver or the city because of nonfunctional traffic light that caused the accident, for instance.

If the plaintiff cannot cover the expenses that are associated with the legal process, such as lawyer’s fee and court fees, a car accident loan from reputable loan companies may just be what you need. Since a lawsuit can take months, or perhaps even years, for it to be resolved or settled, expenses will definitely begin to tally up. When the plaintiff wins the lawsuit, they can pay back the loan from the award or settlement they will receive. Whatever is left can be used to repair your car or other expenses you need to pay. On the other hand, if you lose the lawsuit, you don’t have to pay for the car accident loan or car accident cash advance you applied for and used.

Choosing the Right Lawsuit Loan Companies

When considering a lawsuit loan after your accident, it is imperative that you choose from reputable loan companies. You need to shop around before sitting down to sign a contract. Compare rates and fees as lawsuit loan companies vary in interest rates and other associated fees.

While many loan companies are credible and reputable, the industry of legal funding is lacking regulations. With the lawsuits’ nature, cases that are emotionally charged as well as large amounts of money at stake, the industry has made some deceitful lenders into predators who are always ready to take advantage of unsuspecting plaintiffs.

If you have an attorney, you can send them the documents given to you by lending companies you have decided on so that he/she can look into them to see which company will best match your needs. Lawyers have knowledge about lawsuit loan companies; hence they are able to spot red flags in contracts. If there are sections in the agreement that are unfair, your lawyer can also aid in negotiating with the loan company.

Posted by Ned Queen in Finance