Category Archives: Voskcoin

Do YOU Tell Friends and Family That You’ve Invested In Bitcoin?

Do YOU Tell Friends and Family That You've Invested In Bitcoin? Voskcoin

Welcome to Watch Crypto! In this video, Voskcoin talks about crypto and Bitcoin. He discusses the topic of talking about crypto and bitcoin holdings related to the people in your life and who you talk to about it.

You can subscribe to Voskcoin here if you have not already!

Name of Organizations/digital currencies/persons/digital platforms/applications used in the video

  • Bitcoin
  • Ethereum
  • crypto mining rig
  • Decentralized Finance
  • Non-Fungible Token
  • fannie mae
  • faddie mac
  • Stacking Sats (purchasing small amounts of bitcoin over long periods of time)
  • Blockchain Decentralize Tech
  • Crypto Wallent Apps
  • Andre Cronje (YFI CEO)
  • wallet dap or decentralized application
  • Android Token
  • Uniswap
  • Erc20 token
  • BlockFi 
  • usdc
  • Androttweiler

Why Androttweiler

  • this token is centered around buybacks
  • fair launch and contract 
  • Amazing Tokenomics (12% tax on every transaction)

Be sure to follow @Voskcoin on Twitter for daily crypto updates.


Timestamp Details for this Crypto Video:

Summary of Timestamp 1:

The focus of this video are the pros and cons of letting others know that you have invested into bitcoin and other cryptocurrencies or you participate in any of the functions surrounding them. For example like mining bitcoin you know those minor device things 

BlockFi allow you to earn up to 8.6 interest on your cryptocurrency. Profits in usdc (a stablecoin). If one deposit that in blockfi and he or she will start instantly earning 8.6 which means owner will get up to 250 dollars for free and a bitcoin credit card coming out.

Summary of Timestamp 2:

  1. Safety:

People only see the earning but there is more risk involved. At the start everyone will make fun of bitcoin holders when they invest their money on it. Basically, risk is involved in anything you do, however, when money starts coming then people will realize that you were right. Nevertheless, you have to make sure that you are safe from people breaking into your house. All the money you are earning should be safe. 

Summary of Timestamp 3:

  1. Partners

This is basically the topic for girlfriends and boyfriends. No one knows there could be a gold-digger amongst you. Relationship should be free from money. So we do not know who amongst us do not want us succeed. There could be friends or partners who do not want us be better. It may be because they do not want to left behind. People may comment on you like you are lucky or something. However, it is not about it and all you have done is that you took calculated risk and gamble. 

So, do not tell your friends and family everything you do with cryptocurrency. 

Summary of Timestamp 4:

Sponsored by Androttweiler

Androttweiler is a deflationary token but it's not on the binance smart chain like most deflationary tokens it's on the ethereum network and they aim to be joining the ranks master pumps this token is available to trade on uniswap because you know it's an erc20 token and that's how decentralized exchanges work

GraphLinq is the NO CODE Protocol for Blockchain Development, The next Zapier?

GraphLinq is the NO CODE Protocol for Blockchain Development, The next Zapier?

Welcome to Watch Crypto! In this video, Voskcoin talks about Graphlinq (GLQ) - The automation of decentralized Defi data monitorization and external executions over multi-chain applications.

logo for graphlinq

GraphLinq is a set of tools including an IDE & an engine that runs simultaneously with multiple blockchains. Included is a centralized data stream to offer a service of automatization without requiring knowledge of coding or coding skills.

GraphLinq is built on top of the Ethereum network as of now, but by the end of this year, The team plans to roll out their own Proof Of Stake Blockchain.

Recent News Related to Graphlinq:

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Unicrypt UNCX | New Decentralized Launchpad (ILO Platform) by Voskcoin

Unicrypt UNCX | New Decentralized Launchpad (ILO Platform) by Voskcoin

Welcome to Watch Crypto! In this video, Voskcoin talks about Unicrypt.

Unicrypt ILO

UniCrypt is a multichain decentralized service provider for other tokens and investors. 3 Dapps are up and running on 2 blockchains.

Video highlights!

  • Unicrypt is live on xDai AND ETH blockchain
  • Liquidity lockers
  • Fees collected from the services are used to burn UNCX tokens. 
  • Learn about the Unicrypt decentralized launchpad (ILO Platform)
  • Fully automated with a human layer for Audit reports and KYC information. 

Follow and learn more about Unicrypt here:

You can watch more videos from Voskcoin here.

Benchmark Protocol launches New Rebasing Token W/ Staking & DeFi Farming

Benchmark Protocol launches New Rebasing Token W/ Staking & DeFi Farming | by Voskcoin

Benchmark Protocol launched their MARK token, a crypto DeFi token on Ethereum made that you can stake, liquidity mine, and yield farm AND it's a rebasing token?! Let's review MARK token! View more from Voskcoin.

Benchmark Protocol is a supply elastic collateral and hedging device that revolves around the volatility index and their DeFi crypto token MARK which allows for staking, governance voting, and yield farming via their incentivized liquidity pools!

MARK tokens rebase, similar to Ampleforth and Yam Finance, however, MARK tokens are not pegged to the US dollar, Benchmark MARK tokens augment supply based on the Special Drawing Rights SDR which is a composite international reserve asset comprised of the US dollar, Euro, Great British Pound, Chinese Yuan, and the Japanese Yen.

So let's review Benchmark Protocol and if their MARK tokens will allow them to standout in this cryptocurrency bullrun largely revolving around decentralized finance!

Benchmark Protocol

Learn more and follow Benchmark here:

Twitter: https://twitter.com/benchmark_defi

Medium: https://medium.com/benchmarkprotocol

Reddit:  https://www.reddit.com/r/BenchmarkProtocol/

Telegram: https://t.me/joinchat/Tt7sw00qqNnEWLIOzmYQ_w

Discord: https://discord.com/invite/HcxAEaHG3X

How long does it take to mine 1 Bitcoin?

How long does it take to mine 1 Bitcoin?

The simple answer is that it currently takes about 10 minutes to mine a new Bitcoin. However, mining is a complex process, of which several factors need to be considered.

Bitcoin’s value and demand are projected to rise in the coming years. Buying Bitcoin is the easiest way to obtain the digital currency, but there are other ways to receive it. Mining Bitcoin is a viable option. This article explains how long it takes to mine 1 Bitcoin. 

Mining Explained

Mining Bitcoin involves transaction validation. Nodes (computers) compete to generate new blocks of valid transactions and include them in the Bitcoin blockchain. These nodes are rewarded for their computing power. 

Whenever a Bitcoin crypto transaction is performed, network nodes make sure that it is authentic and then update all information required about the transaction to the blockchain. Nodes compete by solving complex math puzzles. The winning node earns a reward, paid in BTC the native cryptocurrency to the Bitcoin blockchain. 

This process requires a great deal of computing power, making mining an expensive and calculated activity. As compensation for the costs, the network gives the reward for validated transactions.

Bitcoin mining is a finite process as there are only 21 million coins in the total supply. The last of these is projected to be mined about 120 years from now. With the decreasing supply, the number of Bitcoins allocated as rewards reduces every four years, known as the Bitcoin halving. This phenomenon has taken place three times so far, and occurs every 210.000 blocks, reducing the block reward by half. The last halving, which occurred in May this year, left the current rate sitting at 6.25 Bitcoins per block. 

Factors Affecting the Time It Takes to Mine 1 Bitcoin

As earlier mentioned, with Bitcoin’s supply algorithm, the average time required to mine one Bitcoin is approximately 10 minutes. The time needed to create a single new block remains constant, but some other crucial factors that affect the profitability of mining Bitcoin include:

  • mining hardware used
  • hash rate
  • mining method 
  • mining difficulty

Mining Hardware Used

The Bitcoin mining landscape is much different than it was at the start in 2009 when miners could use their PCs to generate new blocks. Bitcoin now uses the SHA-256 mining algorithm, which most computers cannot handle. It takes extremely powerful and efficient hardware to run millions of calculations within a short time. 

Graphics Processing Units (GPUs), Application-specific integrated circuits (ASICs), and Field Programmable Gate Arrays (FPGAs) are the current most broadly used hardware for Bitcoin mining. There is also the issue of electric power consumption, the more powerful the computer is, which is an added expense.

Hash Rate

Hash rate is the measure of how much power the network requires for finding and validation blocks of transactions. This metric expresses the ability of a blockchain network to make computations, calculated by the number of operations done every second (hashes per second).

Hash rate increases with more nodes available to compete to solve a block. So, a network with a higher hash rate simply has a better chance (more nodes competing) to confirm the new block.

Mining Method 

Solo mining to earn a full personal reward is expensive and tedious, as discussed above. Mining pools are the best option for those who can’t afford the huge costs of Bitcoin mining hardware. They allow people to pool resources to achieve a higher hash rate, which means more blocks mined. 

Bitcoin pools share resources to cover the costs of computing and electric power and puts them in the running against big-time mining companies. It also betters the chances of winning the block for a shared reward.

Mining Difficulty

Mining difficulty is an indicator of how hard it is to get the right hash (operation) for each block of Bitcoin. It shows the amount of work a node must put in to be rewarded. 

Mining difficulty is an ever-changing value, so it is challenging to approximate the exact potential mining time. That’s because the bitcoin network is designed to alter difficulty every 2016th block to make sure that the process occurs every 10 minutes.

When it becomes too easy to mine new blocks, the network increases the difficulty, making it harder. The reverse is the case when mining becomes too hard, which may happen if the price of Bitcoin falls, and too many miners quit mining.

Conclusion

Due to the ever-changing factors involved in mining, such as competition and computing power, it is difficult to state the exact time it takes to mine a Bitcoin. The average is 10 minutes; however, it may take a miner more or less time depending on their mining power.

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