The Steemit Shop Steemit Chat. We contacted Gulden (NLG). We do need more indept investment analysis. I found this great website: https. Explanation: What you need to know when buying a. You probably will realize that I do not profit quickly. Then why I opened my story with “I. Gulden (NLG). To give some global clarity: All Gulden transactions are stored in the Gulden-blockchain. These transactions are verified by miners. You will probably understand: There’s no such thing as a free lunch. In exchange for checking and calculating new blocks in the blockchain a miner receives a reward. For Gulden this is 100 NLG per block.

NLG coins lost, NLG not interested. Anybody else had an. We contacted Gulden (NLG). Sad to see they stole your coins if you need any help you can join the NLG. Get Information on Gulden, current news on Gulden, how to guides on Gulden, team members of Gulden, and other cryptocurrency info.

At the same time, there are plenty of, too. Are not a good choice for beginning miners who work on a small scale. The current up-front investment and maintenance costs, not to mention the sheer mathematical difficulty of the process, just doesn't make it profitable for consumer-level hardware.

Now, Bitcoin mining is reserved for large-scale operations only., Dogecoins, and, on the other hand, are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners. At the current value of Litecoin, a person might earn anywhere from 50 cents to 10 dollars per day using consumer level mining hardware. MonaCoin MONA Mining Map. Dogecoins and Feathercoins would yield slightly less profit with the same mining but are becoming more popular daily., too, can also be a reasonably decent return on your investment of time and energy.

Understanding the is probably where you need to begin; this article focuses on mining scrypt coins. Also, be sure you are in a country. Is It Worth It to Mine Cryptocoins? As a hobby venture, yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day. In particular, the digital currencies mentioned above are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months. As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people.

The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more. Set Reasonable Expectations If your objective is to earn substantial money as a second income, then you are better off purchasing cryptocoins with cash instead of mining them, and then tucking them away in the hopes that they will jump in value like gold or silver bullion. If your objective is to make a few digital bucks and, then you just might have a slow way to do that with mining. Smart miners need to keep electricity costs to under $0.11 per kilowatt-hour; mining with 4 GPU video cards can net you around $8.00 to $10.00 per day (depending upon the cryptocurrency you choose), or around $250-$300 per month. The two catches are 1) the up-front investment in purchasing 4 ASIC processors or 4 AMD Radeon graphic processing units, and 2) the market value of cryptocoins. Now, there is a small chance that your chosen digital currency will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins.

The emphasis here is on 'small chance', with small meaning 'slightly better than winning the lottery'. If you do decide to try cryptocoin mining, definitely do so as a hobby with a very small income return. Think of it as 'gathering gold dust' instead of collecting actual gold nuggets.

And always, always, do your research to. How Cryptocoin Mining Works Let's focus on mining 'scrypt' coins, namely Litecoins, Dogecoins, or Feathercoins. The whole focus of mining is to accomplish three things: • Provide bookkeeping services to the coin network. Mining is essentially 24/7 computer accounting called 'verifying transactions'.

• Get paid a small reward for your accounting services by receiving fractions of coins every couple of days. • Keep your personal costs down, including electricity and hardware. The Laundry List: What You Will Need to Mine Cryptocoins You will need ten things to mine Litecoins, Dogecoins, and/or Feathercoins. • A free private database called a coin wallet. This is a password-protected container that stores your earnings and keeps a network-wide ledger of transactions.

• A free mining software package,, typically made up of cgminer and stratum. • A membership in an online, which is a community of miners who combine their computers to increase profitability and income stability. • Membership at an, where you can exchange your virtual coins for conventional cash, and vice versa. • A reliable full-time connection, ideally 2 megabits per second or faster speed. • A hardware setup location in your basement or other cool and air-conditioned space. • A desktop or custom-built computer designed for mining. Yes, you may use your current computer to start, but you won't be able to use the computer while the miner is running.

A separate dedicated computer is ideal. Tip: Do not use a laptop, gaming console or handheld device to mine. These devices just are not effective enough to generate income. • An ATI graphics processing unit () or a specialized processing device called a mining ASIC chip.

The cost will be anywhere from $90 used to $3000 new for each GPU or ASIC chip. The GPU or ASIC will be the workhorse of providing the accounting services and mining work. • A house fan to blow cool air across your mining computer. Mining generates substantial heat, and cooling the hardware is critical for your success. • Personal curiosity. You absolutely need a strong appetite for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results. The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance.

I own a lot of Gulden and like the vision of this coin. New update seems to be awesome, earning coins with your coins and only 2 confirms needed. In my opinion definitely the best long term investment you can make! 2 EURO – NLG exchanges are upcoming, Gulden is creating it’s whole own ecosystem! You can even pay a taxi with Gulden.

Check upcoming update: Improving the blockchain PoW² advances our blockchain to a new era, bringing levels of security vastly in excess of anything seen before, the power of Proof of Work enhanced with the power of currency holding witnesses. Finally a blockchain that is not just “mostly safe” but is completely out of practical reach of attack by even the most wealthy and determined attacker. A smoother experience Enjoy a smoother network than ever before as PoW² enables our Delta algorithm to act with even more precision, bringing yet a new level of never before seen block time consistency. The most consistent/stable blockchain network in existence just got even better! GameCredits GAME Mining Average Income more. Faster transactions Transact faster and more securely, transactions secure with only 1 or 2 confirmations, and this is just the beginning with PoW² paving the way for secure 0-conf transactions. Earn Gulden with Gulden Put your excess coins to work in a secure “profit earning” fixed term deposit account, help act as part of the PoW² system while earning coins in exchange.

Deposit periods can be selected anywhere between 1 month and 3 years. 100% secure Enjoy 100% security on your fixed term witness accounts, with our new Double Key Witness System which enables your money to be put to work while remaining safely locked from hackers or spyware behind your password. Mining Mining still remains a vital and important part of our system, continue to earn rewards with your mining hardware for those mining enthusiasts out there. Incredibly scalable Relax with the certainty of knowing that you are on a network that can really handle (not just on paper) in excess of 4 times the transaction capacity of Bitcoin; is immune to empty blocks/extortion from miners and has room to grow well into the future. A currency with a development team that has knowledge and values, that delivers you real quality software and features instead of fairy tales.

Eyes ahead Rest assured that you are using a currency that is well managed and flexible enough to address/adapt to future market demands and not held captive by a small group of miners who act to prevent any future innovation.