Selling products / services / fiat money for cryptocurrency – Coinkite PoS Terminal – Video


Selling products / services / fiat money for cryptocurrency - Coinkite PoS Terminal
A tutorial on how to sell products / services / fiat money in exchange for cryptocurrency, using the Coinkite Point of Sale Terminal. ...so that means the cu...

By: EasyBit LLC

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Selling products / services / fiat money for cryptocurrency - Coinkite PoS Terminal - Video

CRYPTOCURRENCY ON THE RISE: Such doge, much profit

This is Part III of the Cryptocurrency On The Rise series. Be sure to check out Part I (http://bit.ly/1cwdhrB) and Part II (http://bit.ly/1b6cGvz), otherwise a bunch of this stuff might be confusing as hell. If youre reading the newsstand version (on paper! Who the hell prints things on paper anymore, I doubt thats a thing thatll be around much longer), you can catch the previous installments on the Internet, where everything lives forever.

On Monday, Jan. 20, just two days after the start of the campaign, 27 million Dogecoins (approximately $30,000 after conversion) were donated to the cash-strapped Jamaican bobsled team, putting them over their target fundraising goal and allowing the two-man team to travel to and compete in the Olympics competition for the first time since 2002. Spurred on by the successful Dogecoin Foundation initiative, fans of the virtual currency have broadened the efforts in order to bring multiple Indian skiers, who will be skiing under the general Olympic banner, to the Games as well.

Like many wonderful things, Dogecoin began as a joke. During the height of Bitcoins meteoric rise last fall, Adobe marketer Jackson Palmer tweeted an off the cuff comment about investing in Dogecoin, a play on the popular Shiba Inu internal dialog meme (oh, just google doge and youll figure it out quick enough). Friends immediately glommed onto the idea, Palmer threw together dogecoin.com as a response, and after a bit of back and forth with coder Billy Markus, the two set about actually making Dogecoin a reality.

Using the codebase of Litecoin as a starting point, Markus and Palmer deviated from the cryptocurrency norm by greatly increasing the rate of mining - Dogecoin will be completely mined within a year and a half, versus Bitcoins exhaustion in 2014 - as well as the total number of eventual coins in circulation (100 billion Dogecoin versus 21 million Bitcoin).

While unplanned, the availability and ease of mining helped counter the hoarding behavior often exhibited by cryptocurrency enthusiasts, and Dogecoin quickly found use as an appreciation and tipping currency on Reddit and other sites, with crowds of Shibes - as supporters of Dogecoin call themselves - handing out thousands of Dogecoin in response to informative articles, humorous comments, and other community-building activities.

On Christmas Day, online Dogecoin wallets Instadoge and Dogewallet were hacked, resulting in the theft of over 30 million Dogecoin from the sites users. Almost immediately, members of the community began to step up with pledges to help reimburse victims of the theft. Within days the SaveDogemas campaign was born.

In the month since Christmas, millions of Dogecoin have been donated, showcasing a level of camaraderie and generosity nearly unheard of in the dog eat dog (sigh, sorry) world of cryptocurrency.

Even as speculators have jumped into the market, buying and selling millions of dollars worth of Dogecoin on multiple exchanges, even as the value has grown a hundredfold, the freewheeling and generous nature of Shibes has persisted. Dogecoin now accounts for more transaction volume than all other cryptocurrencies combined, with ever-increasing charity donations, trades for real and virtual goods, and a tipping culture that has expanded beyond Reddit to Twitter, Facebook, and even SMS.

At its current pace, the coin is well on its way to becoming a legitimate and viable social currency Shiba Inu, Comic Sans, and all. To the moon!

Hey, the D Las Vegas casino-hotel! Last week you made the were accepting Bitcoin! announcement, and got a ton of awareness and traffic out of it. Kudos, and great move by the way.

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CRYPTOCURRENCY ON THE RISE: Such doge, much profit

This new cryptocurrency will literally make you sweat

While Bitcoin slowly but surely forces its way into the mainstream, that hasnt stopped numerous developers from coming up with new altcoins to try and steal its crown as top dog of the digital currencies.

The likes of Dogecoin, Litecoin, Namecoin, Peercoin and Terracoin have been slugging it out for the number 2 spot for some time already, but now a new digital coin has thrown down the gauntlet. But what differentiates MangoCoinz from the rest is the way its mined miners have to actually break a sweat.

MangoCoinz started life as a computer science project by three students at Belgrades School of Computing. The trio thought there should be a better way to mine cryptocurrency, without having to use powerful computing machines to solve pointless algorithms (and waste tons of energy in the process). Instead, they came up with the idea of performing actual, physical work to mine MangoCoinz.

You can download the MangoCoinz app on Google Play for free. Creating an account is easy, just think of an awesome username, a hard to guess password, enter your email address and submit. Youll need to verify your account to activate it of course, but after that all you have to do is get jiggy with it to generate some MangoCoinz.

Thats because, in order to mine MangoCoinz, your phone must be in constant motion. The app uses the motion sensors built into your phone, like the accelerometer, to mine coins. The more you move, the more coins will be generated.

This new cryptocurrency got me interested so I tried it out. Just by walking while holding my phone I generated some coins, about 0.02xxx, and thats just by taking five or so steps. So a brisk walk or a full body workout could quickly see you rack up those coinz.,

Out of curiosity, I began to shake my phone vigorously for about ten seconds. I was able to generate a full coin just by doing that. And that seems to be the downfall of MangoCoinz right there its easy to cheat, and most people are very lazy. It doesnt take a genius to realize they could generate a small fortune in coinz by strapping their phone to the overhead fan and letting it whizz round all day, for example.

Sadly, the developers proof-of-sweat idea is not flawless. You can do so many things to make your phone and MangoCoinz think that youre doing something productive when in fact youre doing anything but, but the unnamed creators of this cryptocurrency have at least placed a limit as to how much coins you can mine per day to thwart any abusers.

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This new cryptocurrency will literally make you sweat

BGP hijacking for cryptocurrency profit

by Mirko Zorz - Editor in Chief - Tuesday, 19 August 2014. In cryptocurrency, "mining" is the act of validating transactions listed in the public ledger (also known as the block chain). When a transaction is initiated, it is placed in a queue where it is prioritized based on the date and time of submission, and the size of the affixed transaction "fee."

Working from the top of the queue, miners cryptographically attempt to "find a block," which entails crunching numbers to satisfy a particular formula while simultaneously agreeing as network that the calculated results are valid. Mining is a generic activity; the mining pool dictates which cryptocurrency is mined.

In this podcast recorded at Black Hat USA 2014, Joe Stewart, Director of Malware Research at Dell SecureWorks, talks about his team's discovery of suspicious activity occurring on mining systems connected to the wafflepool.com mining pool.

Several users in this forum and other cryptocurrency forums noticed similar activity mining systems mysteriously redirected to an unknown IP address that answered with the Stratum protocol. Once connected to this IP address, miners continued to receive work but no longer received block rewards for their mining efforts. Hijackers harnessed miners' hashing power by redirecting legitimate mining traffic destined for well-known pools to a malicious server masquerading as the legitimate pool:

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BGP hijacking for cryptocurrency profit

CryptoCurrency – YouTube

Buying bitcoins can be very difficult to the uninitiated, however there are plenty of places to buy bitcoins and some of them are incredibly easy.

First of all, you can buy bitcoins on ebay, but you should never sell bitcoins on ebay (because of charge backs) - you pay quite a hefty premium doing it this way, but that premium can be quickly made up in a bullish market. You can also buy bitcoins with paypal.

Second option is localbitcoins.com, which you can meet with people in person to buy and sell bitcoins. Again you pay a premium, but not as large a premium as on ebay, and its more secure for sellers.

Third you can offer goods or services for bitcoin. For example you can use the ebay clone bitmit.net for selling goods, or there are plenty of places you can offer your services

Finally, and the most popular option, is to buy bitcoins on bitcoin exchanges. This can take a while to set up, but its possibly the best long term solution. But choose your exchange carefully. Show less

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CryptoCurrency - YouTube

BitAccess Launches To Make Bitcoin ATMs Ubiquitous

Trying to make access to the worlds largest cryptocurrency automatic for the people, BitAccess is looking to build a network of automated Bitcoin banking machines available worldwide.

The concept of a Bitcoin ATM isnt new, with companies like Robocoin Technologies, GenesisCoin, Lamassu Bitcoin Ventures, and BitXatm all launching variations on bitcoin transaction hardware, but BitAccess touts an incredibly easy interface, a broader vision of how new hardware can be used, and the fact that it is the only player manufacturing its own transaction hardware.

All you need is a phone number and a dollar, to get a unit of Bitcoin says Haseeb Awan, one of the four co-founders behind BitAccess.

Awan and his three co-founders met in Ottawa, Canada at a startup weekend competition and then later worked together at a local accelerator in Toronto where they were each developing different ideas. Awan was working on a payment system for parking, Ryan Wallace was developing faster checkout technologies, Mohammad Adam was developing a point of sale technology for Bitcoin and Vignesh Sundar was developing a cryptocurrency exchange.

Beyond shared interests, the four were keenly aware of the problems associated with getting Bitcoin in the hands of the general public, beyond the hardcore community which had grown up around the cryptocurrency and exchange platform.

There was a lack of trust, says Awan. What we wanted was when you wanted to get Bitcoin you could just walk up to a machine. So the four began working together in November 2013 and launched their first machine on January 1st, 2014.

The entrepreneurs relocated from Ottawa to Toronto and installed their first machine in Decentral, the startup incubator dedicated to financial technology innovation.

From those humble beginnings the company applied for and was accepted into the latest Y Combinator cohort, from which theyre just launching. Theyve also managed to line up customers in 40 cities, and are already operating in 20 cities, with new ATMs shipping every day.

Our focus is on how people can use this ATM as a platform, Awan says. He sees the BitAccess kiosks as a hardware platform for multiple applications. Instead of just exchanging currency for cryptocurrency, Awan envisions developers building additional transaction tech to run on BitAccess machines. The company launched an API this month so people can develop other tools for just that purpose.

Anything from money transfers between individuals to eventually exchanges of other types of digital contracts could run over the BitAccess network of machines, Awan says.

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BitAccess Launches To Make Bitcoin ATMs Ubiquitous