In my review of Celsius.network I mentioned as the only point to improve the availability via mobile app only. Guess what was announced today? Yes, the Celsius web app. As written on their blog, it was just launched today and looks pretty good. Give it a try. I have to update my review in the meantime….
Coinbase got some slots to earn free SKL coins from the SKALE Network currently. If you answer the quiz questions correctly, you can earn SKL for around $3. Wort to give it a try on the Coinbase earn crypto site.
If you need help with the questions, check out our little helping site here.
As outlined earlier on I am playing around with some platforms. Coinbase being the newest one I tried. They offer training videos where you can learn about various coins and earning a bit of the coin by answering some quiz questions correctly. For some you get 3$, for some more.
To double-check your answers I started collecting the answers for the various questions where I was not put in the queue. More answers to follow.
You can find the answers I collected so far here: Platform Coinbase – Earn crypto quiz answers
Although I haven’t been active for a while on my site, things moved on quite a lot in the crypto currency universe. Really a lot. Beside the new highs of Bitcoin, lots of new coins, many new platforms were founded, known ones grew further, Coinbase is now listed on NASDAQ and much more….
As I got some time currently, I started playing around with some of the old and with some of the new players on the market and like to share my experiences I collected using them.
More to come.
Yes, that is over a billion USD with the current rate in the 1st wallet. Quite some asset. Most likely the big wallets are the cold wallets of the exchanges where they store securely the coins of their customers. Unlikely that this is a single private person owning so many coins. On the other hand we don’t know; perhaps one of the early adapter that started mining many years ago?
Anyway, still pretty interesting link.
Checking currently coinmarketcap.com, Bitcoin reached a new all time high way over 5500USD; currently it shows it as 5626.48USD for a bitcoin which is an increase of about 9% compared to the last peak. Roughly 75% more then what the rate was a little over a month ago. Hope you all invested back then.
Reasons behind it are speculated by analysts to be the expected technical change that will be implemented later this month with the upcoming fork of Bitcoin Gold; like it was done with Bitcoin Cash end of August, to spread the digital currencies even wider. Although if you look at the current rate of Bitcoin Cash, which is 321.08USD right now, we have to see, if that plan will work out to be successful.
The Bitcoin price hit over $1500 in the last days which is a new all time high for the crypto currency. Reason for it? That is the big unknown currently and probably everybody would be interested in. It could be that Bitcoin is getting more attraction also within mainstream medias and hence gains in popularity. Although rumors on various sites go more in the direction that Bitcoin acceptance is rising, as further countries intend to regulate digital currencies. Examples like Mexico, India.
This obviously gives a boost to all the (cloud) miners as the outcome of their investments is much more worth then before. Hope you are also one of them. Some of them are celebrating it with special offers. This is what I spotted so far:
- Hashing24.com: Use promo code RPM2YC9E at checkout and get 4% discount for your purchase!
If you got more special offers, please let me know. Happy to list.
BitLendingClub.com sent a message to all of its clients the other day where they stated that they have to close their doors due to regulatory pressure in 2017. This is the message they sent to all customers:
BitLendingClub Closing Soon Due to Regulatory Pressure
We’ve worked extremely hard to build a platform and a community which is uniquely positioned to provide the Bitcoin ecosystem with a greatly needed service. However, over the last year or so, the regulatory pressures has been increasing to the point that it is no longer feasible to maintain the operation of the platform. We are regretfully announcing that we will have to begint terminating the services effective immediately. Of course, we will maintain some minimal functionality in order to allow our existing users to repay their loans and withdraw their funds.
What Functionality Will Remain?
We will restrict the functionality of the website to either repaying a loan, depositing to repay or withdrawing funds. There will be no new registrations, loan requests, verification of new users, investments or anything else. Just repaying of the existing loans or withdrawal.
When Will The Service Become Restricted?
We expect to begin restricting the functionality sometime next week. We don’t have a specific date, but we will send out an e-mail when the change occurs.
How Long Will The Platform Remain Operational With Restricted Functionality?
The platform will remain operational with the limited functionality for 30 days after all loans are either repaid or written off (i.e. they have defaulted and are written off). After that we will be terminating the services completely. The expected termination date is approximately August 2017. it may be earlier or later, but that’s subject to change.
How Long Do We Have To Withdraw Our Funds?
Users will be able to withdraw their funds up to 30 days after the last loan is repaid or marked as written off. We will completely terminate the platform 30 days after the last loan is repaid or written off. We recommend that you begin withdrawing your funds immediately.
Again, we’re extremely sad to be delivering this news, but that’s the reality of operating a business in the Bitcoin ecosystem. There are regulatory pressures, which make business extremely difficult and we have always done everything possible to be compliant with regulators. Given that we’ve reached the point where it is no longer feasible to run the platform and be compliant, we have decided to terminate the platform.
The BitLendingClub Team
So what does that mean for you as an investor? Pretty simple: Monitor your investements and as soon as they are paid back make sure to claim your money back and look for further investment options. Either invest into other platforms or use for further mining.
This new article is about mining in the cloud, instead of buying and maintaining your own infrastructure and hardware. Various providers are offering their services in the meantime. Worth comparing prices and services.
In other words: No complex setup of hardware and software, no loud coolers running in your basement, or even worse, in your bedroom: This is all located and managed remotely in an appropriate data center.
So why should I consider cloud mining or not?
You should because:
- No noisy fans at home
- No increased electricity bill
- No expensive new miner to invest into
- No equipment to get rid of when mining profitability ends
You should NOT because
- Lower profits: As you delegated the system management, there is some fee involved
- Opaque mining operations
- Risk of fraud
- Less control (and fun)
Types of Bitcoin Cloud Mining
Usually we talk about three forms of remote mining available at the moment:
- Leased hashing power: Rent an amount of hashing power without owning/renting a dedicated physical/virtual equipment. This is the most popular form of cloud mining.
- Hosted mining: Renting mining hardware that is hosted by the provider
- Virtual hosted mining: Rent a virtual private (standard) server and install your own mining software on it
Cloud mining providers overview
- my research resulted into overall positive impression
- I made positive experience myself
If you got other got investment tips, I am very happy to hear about it.
The page into two sections currently: Either you can deposit your Bitcoins into an account and you are getting paid a regular interest on your funds. you can do active trading and earn based on your investments.
Please remember that all of these investments will always come with certain risks involved, so please make sure to do your due diligence accordingly before sending money to anyone in the world you don’t know.