Category Archives: Markethive

Cryptocurrency Enthusiast Succesfully Mines Bitcoin on a 1985 NES Console

Cryptocurrency Enthusiast Succesfully Mines Bitcoin on a 1985 NES Console

People have tried to mine bitcoin on a wide variety of devices in the past. Due to the evolution of mining hardware, most of the older devices have become obsolete for this type of purpose. That hasn’t kept users from getting creative, though, as one person has successfully created mining software for a 1985 NES. Quite an intriguing project, although it won’t make anyone rich overnight.

RetroMiner Mines Bitcoin On An NES

Although it may sound unlikely to mine bitcoin on an NES gaming system, it is certainly possible to do so. What started out as an offhanded challenge quickly turned into an intriguing project for the person who developed RetroMiner. Not everyone may see the benefit of this project, though, as it is unlikely the NES is even capable of mining bitcoin at any more than laughable speeds.

Most people do not understand the concept of bitcoin mining. Since it takes dedicated expensive hardware to perform this process efficiently these days, mining bitcoin makes little sense. Showcasing how this process works on a device most people are comfortable with, however, may sway a few people’s minds in the process. Then again, it is unlikely anyone will try to mimic mining bitcoin on a 1985 NES, though.

To put this into perspective, mining bitcoin on an 8-bit game console involves a lot more work than one would assume. Bitcoin mining is a very resource-intensive process and the 1985 NES is not a top-notch machine by any means. For its time, it was revolutionary in every way possible, but things have evolved a lot over the past 32 years. Then again, it is nifty to see someone actively mine bitcoin on such a device, albeit it may not generate any coins in the process.

The NES is not equipped to communicate with the live bitcoin network, or performing SHA-256 hashing. Communication with the bitcoin network proved to be pretty easy to implement once a custom bitcoin version was compiled. Keep in mind this involves using a Raspberry Pi as a proprietary device, though. More detailed instructions on the software involved can be found on the Retrominer website

SHA-256 hashing requires multiple 32-bit operations to take place. The NES, however, can only perform 8-bit tasks, which seemingly makes it incompatible. However, it was possible to create an open implementation of SHA256 that works just fine with 8-bit hardware. The custom ROM including the SHA256 algorithm is sent to the NES through the Raspberry Pi, though. However, in the end, the 8-bit game console is more than capable of doing its job, albeit no one should expect any miracles.

Interestingly enough, the person responsible for the Retrominer project feels there is still a lot of room for future improvements. At the same time, none of these improvements will turn 32-year-old hardware into a money making machine by any means. Eventually, the goal is to move more parts of the mining process to the NES, rather than passing through a Raspberry Pi first. All things considered, this is quite an amazing project, that goes to show old game consoles can be repurposed for other tasks with a bit of tinkering.

Chuck Reynolds
Contributor

Alan Zibluk Market Hive Founding Member

Bitcoin as Trend Setter: Warren Buffett on Why Money Management is Expensive & Inefficient

Bitcoin as Trend Setter:

Warren Buffett on Why Money Management is
Expensive & Inefficient

 

Increasing ambiguity in the structure of the financial industry and rapidly changing trends in investing are bringing more attention towards Bitcoin, the digital currency which traders and investors are using to avoid economic instability and financial uncertainty. Both financial and technology corporations are also actively investigating the potential of Bitcoin’s underlying technology – the Blockchain – in creating a secure, efficient, transparent and cross-sector platform for the settlement of transactions and assets.

However, still, the vast majority of investors and traders are eying potential investments in Bitcoin, possibly through fully regulated and liquid financial instruments such as the Winklevoss twins’ Bitcoin ETF. As Cointelegraph reported, the March 11 approval of the Winklevoss twins’ COIN ETF is nearing and analysts are quite optimistic towards its approval. Once approved, the ETF will open a new market for Bitcoin, encouraging hedge funds and large-scale investment firms to enter.

Warren Buffett says investors always try to beat market,
Bitcoin is a trend setter

Warren Buffett, a prominent American investor with a net worth of $76.1 bln, recently wrote to the shareholders of Berkshire Hathaway in his annual letter that wealthy investors should be able to afford superior financial services. In the letter, Buffett also mentioned that investors and traders are always trying to beat the market, as breaking the trend and investing in innovative companies often lead to the highest profit margins. Buffett himself is known be an early investor in some of the most wildly successful conglomerates, most notably the $183.7 bln beverages company The Coca-Cola Co.

To beat the market and make profitable investments, a high level of risk is involved. More to that, financial managers, investors, and hedge funds maintain a massive portfolio of investments that require immense labor. Thus, hedge funds and investment firms have been charging high fees to their clients for managing their funds. This trend, which has sustained its stability for decades, is starting to change. Hedge fund managers like Paul Tudor Jones, who was known to the financial industry for charging some of the highest fees to his clients, have been continuously decreasing fees over the past few years.

Why Bitcoin matters
and money management will continue to see declining fees

Essentially, the decline of money management fees and the sense of urgency of hedge funds managers all boil down to acknowledging new trends in the market. Over the past few years, Bitcoin has consistently been the top performing currency and assets across all markets and industries across the world. In fact, many mainstream investors, traders, and analysts in early 2017 recognized Bitcoin as the best performing asset and currency throughout 2016, offering extensive media coverage and comprehensive review of Bitcoin as an investment. As a result, Bitcoin’s market cap is continuing to reach new all-time highs.

In the near future, investors will be left with two choices: leave their money with expensive and inefficient hedge funds or invest in emerging assets or currencies like Bitcoin. The choice to invest in Bitcoin will be readily available once the Winklevoss twins’ ETF is approved.

Second Blockchain Academy Launched in Kerala, India

Kerala is to become the second Indian state to get its own Blockchain academy in a joint scheme between the Indian Institute of Information Technology and Management-Kerala, hereinafter IIITM-K and international learning and business development platform Blockchain Education Network, hereinafter BEN. The initiative was announced a recent Blockchain workshop held by the IIITM-K in Kerala’s capital Thiruvananthapuram, with director Dr. Rajasree MS confident of its potential. “Banking, health care [sic], and governance are the three major avenues where Blockchains [sic] will find applications,” he said quoted by Indian Express Sunday.

Professor S Rajeev, a consultant at Maker Village, a subsidiary incubator run by IIITM-K, added that “Blockchain [sic] technology, which leverages the idea of a distributed and decentralized ledger, will open up new avenues both in the software and hardware sectors.” The focus of such ‘academies’ in both Kerala and pioneer Bangalore remains somewhat vague but points to a desire to understand the impact of technology on various spheres of the economy. At the same time, India’s central bank last week suggested Blockchain becoming mainstream was a “pipe dream” and that such technology could only gain popular acceptance with the endorsement of authorities.

Chuck Reynolds
Contributor

 

Alan Zibluk Market Hive Founding Member

A little cooperation goes a long way

I like this story I read on LinkedIn. 

"A father left 17 ducks as asset for his Three Sons. When the Father passed away, his sons opened up the will.

The Will of the Father stated that the Eldest son should get Half of 17 ducks, The Middle Son should be given 1/3rd of 17 ducks, Youngest Son should be given 1/9th of the 17 ducks. 

As it is not possible to divide 17 into half or 17 by 3 or 17 by 9, the sons started to fight with each other. So, they decided to go to a wise man who lives in a cave. 

The wise man listened patiently about the Will. The wise man, after giving this thought, brought one duck of his own & added the same to 17. That increased the total to 18 ducks. 

Now, he started reading the deceased father’s will. Half of 18 = 9. So he gave 9 ducks to the eldest son. 1/3rd of 18 = 6. So he gave 6 ducks to the middle son. 1/9th of 18 = 2. 

So he gave 2 ducks to the youngest son. Now add this up : 9 + 6 + 2 = 17 & This leaves 1 duck which the wise man took back.

MORAL : The attitude of negotiation & problem solving is to find the 18th duck i.e. the common ground. Once a person is able to find the common ground, the issue is resolved. 

It is difficult at times. To reach a solution, the first step is to believe that there is a solution. If we think that there is no solution, we won’t be able to reach any"

If you would like to see how Markethive can solve your marketing problems, login here.  —-> Markethive

Markethive is always completely free and your best social network for entrepreneurs.

Thanks to 

Akella Gourisankar

Akella Gourisankar  for this information

 

Alan Zibluk Market Hive Founding Member

Lighthouse Park – My Instagram Picture is featured

I took this picture on Monday February 20, 2017. It was Presidents Day. It was a warm enough day to drive to Lighthouse Park in New Haven, Connecticut.

My fiance and I have a friendly competition on getting our pictures featured by Instagram User newhavenista. This made my night.



All the best,

Alan
Alan Zibluk
http://alzibluk.com/

Alan Zibluk Market Hive Founding Member

Marshalls over Nordstrom any day

Nordstrom has made news lately.  Some people are boycotting it.  Truthfully it is too rich for my blood.  I do my clothes shopping at Marshalls and Goodwill.  I read the blog post below which makes me want to go back sooner than I need to.

Original Blog Post at http://www.alz.org/marshalls.asp

Marshalls, one of the nation’s leading off-price retailers, joins the Association for the fifth consecutive year in the fight to end Alzheimer’s. Shoppers who visit Marshalls stores nationwide from March 5 – 18 have the opportunity to donate to the Alzheimer’s Association at checkout.

The Association appreciates the continued support from Marshalls. The campaign is part of a larger commitment by the organization which has raised awareness and funds to support our vision for a world without Alzheimer's Disease® since 2011.

*From March 5 to March 18, 2017, 100% of donations made at checkout will go to the Alzheimer’s Association.

Alan
Alan Zibluk
http://www.alzheimers-united.net/

Alan Zibluk Market Hive Founding Member

Alzheimer’s Awareness on Instagram

This had me in tears today.

Alan
Alan Zibluk
http://www.alzheimers-united.net/

Alan Zibluk Market Hive Founding Member

The Many Ways You Can Book Your Travels Using Bitcoin

 

You can also earn Bitcoin and have them traded for you on auto pilot. Thomas Prendergast and myself are rolliing out a massive marketing effort to build a huge team. You can join the link

HERE https://office.tradecoinclub.com/register/ICOREY Do not drag your feet and miss out on very important placement on our team

Many bitcoiners like to travel. In 2017 there are ways for people to use their bitcoins to book flights, car rentals, and hotels. Indeed, there are many options available to purchase any travel amenities imaginable without having to convert bitcoin to fiat.

Also read: Here Are Four Bitcoin Exchanges That Require Very Little Identity Verification

Traveling the World With Bitcoin

Did you know there are quite a few options out there to pay for flights and travel accommodations with Bitcoin? In fact, everyone’s favorite cryptocurrency can pay for plane tickets, purchase a rental car, and book lodging in cities across the globe. Over the past few years, a good handful of travel companies have embraced Bitcoin, thus enabling people to visit worldwide destinations on the decentralized currency.

Cheapair

Cheapair.com is well-known in the cryptocurrency community for offering affordable flights for Bitcoin. The California-based company introduced Bitcoin support in 2013. Cheapair believes it was one of the first travel firms to accept the digital currency for payment processing.

“We will do whatever it takes to make travel buying easier and give Cheapair customers more options,” said Jeff Klee, CEO of Cheapair at the time. “We’re intrigued by the growing Bitcoin phenomenon, and we are happy to provide Bitcoin users an easy, secure way to book flights.”

The platform’s interface is pretty straightforward and operates like any other online travel service. Users can book flights to anywhere in the world from most airports and major airline services. Cheapair can also provide hotel accommodations and car rentals for trips as well. All of these services can be purchased with bitcoin immediately by using the company’s shopping cart portal.

BTCTrip

BTCTrip believes it is “the travel agency for the cryptocurrency community.” The New York-based company, founded in 2013 by Yamil Alis and Martin Fernandez, enables users to pay with bitcoin for travel needs. Currently, the service offers flight and hotel accommodations, covering many destinations worldwide. The user interface is fairly simple, allowing users to fill out where they would like to travel, followed by departure and return dates. The travel company also accepts Dogecoin and Litecoin payments.

Expedia

 

Expedia is probably one of the most popular online travel agencies and has been around since 1996. The full-service travel giant announced it would accept bitcoin back in June 2014. The announcement pleased the cryptocurrency community, as it meant a degree of mainstream acceptance. The company partnered with Coinbase to facilitate bitcoin purchases for flight and travel accommodations.

Fred Ehrsam, co-founder of Coinbase, explained that “By accepting bitcoin as a form of payment, Expedia is giving a wider community of users the opportunity to book hotels from their site’s inventory of properties all around the world quickly and easily.”

Expedia users simply choose a flight, hotel or car rental using the company’s online platform, and proceed to pay with bitcoin at checkout. Expedia does have a separate terms and conditions page specifically for bitcoin purchases. The site explains how Coinbase facilitates the payment, tells its customers about miner fees, and how bitcoin transactions are irreversible.

More Flights for Bitcoin

There are other companies that offer airline tickets for bitcoin payments. If you are planning to travel around the European mainland a company called Abitsky offers discounted flights and travel accommodations for travelers paying with bitcoin. Destinia is another company that offers trip amenities for destinations all around the world using cryptocurrency payments. Destinia recently said it would rather “build bridges than walls”, speaking out in opposition to Donald Trump’s immigration statements. The travel agency is offering a 5 percent discount for those traveling from Mexico to the U.S.

Another full-service travel agency that accepts bitcoin payments is Fluege.com, which offers flights, hotels, and car rentals worldwide. Furthermore, the well-known airline service Airbaltic has offered alternative payment choices, such as bitcoin for flights, since 2014. The well-known airline takes passengers to many Baltic state destinations, and the company can be found at many local airports worldwide.

While planning a trip can be frustrating, finding a travel agency that accepts Bitcoin is pretty easy.

Have you ever used any of these companies to purchase travel arrangements with bitcoin? Let us know in the comments below.


Images courtesy of Shutterstock, Pixabay, BTCTrip, Expedia, and Cheapair.


Whether you’re a beginner or a long-time bitcoin player, there’s always something interesting going on in the bitcoin.com Forums. We are proud free speech advocates, and no matter what your opinion on bitcoin we guarantee it’ll be seen and heard here. We don’t censor.

Chris Corey CMO Markethive Inc

http:// https://office.tradecoinclub.com/register/ICOREY

 

 

By Jamie Redman –

 

February 15, 2017

 

Alan Zibluk Market Hive Founding Member

90% of Altcoins Wont Make it But Bitcoin Will Sustain

 

Altcoins are springing up on a daily basis, you might have noticed that they appear pretty regularly in the lists of CoinMarketCap. However, Ethereum Classic's Charles Hoskinson predicts that as much as 90 percent of altcoin will probably die out in the near future.

Speaking to Cointelegraph about the sustainability of cryptocurrencies, Hoskinson, who was with Ethereum before crossing the carpet to ETC, outlined what makes a digital currency thick.

"As for most cryptocurrencies, I agree completely they will likely die out," Hoskinson related. "As 90 percent of businesses usually fail in the first few years, there is no reason to believe that coins are any different."

Treasury Mechanic system

To ensure sustainability of cryptocurrency he is convinced Treasury Mechanic measures should be explored and taken seriously:

"I think all cryptocurrencies should strongly consider a treasury mechanic. It creates long-term sustainability if it's correctly implemented. We are going to look closely at our own treasury for ETC."

Recently some altcoins have come under scrutiny for employing pump and dump tactics to swindle its holders. Case in point is CageCoin, that recently rose by 31,000 percentage point but fell miserably within 24 hours.

It is very imperative that community members undertake the necessary due diligence when they are investing in any coin. This is very crucial at a stage where digital currency is scaling and convincing sceptics, it is not a nine-day wonder but has really come to stay.

Bitcoin is sustainable

On the contrary, Hoskinson holds the view that Bitcoin is not in the category of the unsustainable coins and the strength of every currency is in its communities, not its technology per se.

He elaborates:

"Technology can incentivize more community to come but it cannot replace it. Bitcoin has the strongest community of all cryptocurrencies and also the most resilient. It has survived over a billion dollars of theft, dozens of death declarations and exchange failures alongside many so called leaders trying to hijack to project and the founder leaving. It's absolutely stunning that Bitcoin has survived and thrived. I don't think Bitcoin is going to die. Rather the better question is where does it stop."

Truly, that is the only thing for all currencies including the US Dollar. It is merely strong because people accept it for goods and services. Imagine if they suddenly stopped, the dollar would be in trouble

 

Bitcoin won't die

"I don't think Bitcoin is going to die. Rather the better question is where does it stop?" Hoskinson queries. He articulates it will either become a universal payment system or simply a digital gold standard that stores value.

With the standard of measurement improving swiftly with infrastructures like ATMs, debit cards, hundreds of thousands of merchants, it is hard to dispute Charles Hoskinson on this.

"Many contractors in Eastern Europe do dev work for Bitcoin – it is very popular in Ukraine, for example," Hoskinson remarked. If you would like to earn and have Bitcoin traded for you automatically? 

Thomas Prendergast and I are putting together a team in Trade Coin Club and you can join us Here https://office.tradecoinclub.com/register/ICOREY

 

Chris Corey CMO Markethive Inc

 

BY: Frisco d'Anconia

Alan Zibluk Market Hive Founding Member

Why a New Small Business Blockchain is Actually a Big Deal

Efforts to apply blockchain in the supply chain took an interesting turn last week.

blockchain for small business

I'm speaking, of course, about a piece of news that at first seemed pretty ordinary: a group of European banks announced they would band together to develop a blockchain-based trade finance solution.

This one, though, is unusual.

Rather than tackle large-scale global transactions that cross oceans, the project focuses on intra-European trade, and, more importantly, between small- and medium-sized enterprises (SMEs).

Why is this interesting? It's not because SMEs make up the vast majority of the world's businesses (although that certainly does make for a compelling use case). Rather, it's because of what it says about the evolving nature of trade finance.

We have seen many blockchain projects take a run at the subject, and the application seems obvious. Transactions across borders generally involve significant documentation, a process that itself generates numerous errors and gross inefficiencies.

Reducing the burden associated with getting goods from one place to another has to be a good thing, right?

Let's take a look.

Starting smaller

Most of the projects to date have focused on large international corporations, which is understandable, given that over two-thirds of world trade originates with global enterprises.

Where both the pain and potential promise are most acutely felt, however, is not in conglomerates, but in SMEs. In part, it's because of their sheer number, but mainly, it's due to financial trends.

Approximately 80% of global trade is now conducted through open account transactions, not via traditional channels using letters of credit. This means that there is no bank guarantee of payment.

The buyer pays when it's time to pay – usually well after the product has been delivered.

For many large corporations, this shift reflects tighter restrictions many banks are facing on lending and guarantees, as well as a desire to improve working capital and reduce administration and financing costs.

For most SMEs, open account is their only option, since over half of SME trade finance applications are declined.

Win-win situation

In open account transactions, trust becomes a huge factor. This is an issue when initiating a new commercial relationship, especially for SMEs with patchy or non-existent credit histories.

Without going into the details of how the new platform will work, the ability to see, in real-time, the status of the transaction at each step should make trust more transparent. Accelerating the process from order to settlement will increase liquidity.

The incorporation of the management of the respective banking functions (payment, factoring, etc) aims to facilitate the procedure even further, and could increase margins for both the banks and their participating clients.

Seen from the exporting SME's point of view, the project could be a way to overcome obstacles created by the shifting sands of finance and politics. And from the banks’ point of view, not only will it help to retain and support SME customers, it is also an effective way for banks to re-intermediate themselves into the trade finance process.

Starting within the relatively "safe" confines of the European Union gives the project a chance to test the process of cross-border trade before venturing into more complicated territory.

What's next

If things go according to plan, we shouldn’t have to wait long to see how the project fares with target users. It is already a working proof-of-concept, developed last year by Belgian bank KBC.

Opening it up to six other European institutions is an obvious step toward scalability, presenting a way to test cross-border relationships within a manageable group before it's global.

The team will start to seek regulatory approval within the next few months, with a view to going "live" before the year's end.

Looking forward, the compelling advantage of lower transaction costs and stronger commercial relationships could help to partially offset the uncertainty and potential price of rising interest rates and shifting trade barriers.

It's not hard to see how projects like this could help to prepare businesses around the world for the changes ahead, and to adapt to not only current trends, but future ones as well.

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Alan Zibluk Market Hive Founding Member