Should I Mine or Buy Bitcoin and Other Cryptocurrencies?

Mine or buy Bitcoin and Cryptocurrencies

When it comes to investing in crypto currencies, investors always turn to Bitcoins. Either they get influenced by the news that media is spreading or they are want to try something else to enhance their financial stability. Also, there are many investors who want to invest in Bitcoins so that they could hit a jackpot.

Showing Bitcoin Artistically in a trailer mode

Bitcoin Representation

If your primary aim is to invest in Bitcoins then you should be investing money which you are ready to lose because the chances of getting high returns in this tumultuous market are really tough. So, now the question arises, how to you invest then? Is buying is better or the mining of crypto coin? Before getting into any conclusions let us understand what is buying and mining of Bitcoin.

What is buying of Bitcoin?

Buying bitcoin means the procedure of purchasing bitcoin from exchanges like Uno coin and also directly from marketplaces through other people.

You can buy bitcoin from any person who holds it. You can use several purchasing ways to have bitcoin such as debit or credit cards, physical or real cash money and also crypto-currencies or digital cash.

In contrast to buying Bitcoin, mining of crypto coin is a process which involves verification of transactions and adds it into the public ledger. This whole procedure is known as the block chain and through this process new bitcoin are released.

Advantages of buying bit coins over mining

· Buying bitcoins are simple and instant because you are purchasing pre-existing bitcoins but bitcoin miners can take hours or days to mine their bitcoins.

· It is easier to buy bitcoin than mining because mining sometimes get really expensive. In bitcoin mining, you have to purchase the hardware and have to pay high cost for electricity, security, regular maintenance and even for the internet.

· The value of bitcoins can fluctuate during mining and a chance of having bitcoin mining profitability is low. So, the chances of having extra profit are less in mining than in buying bitcoin.

Value of Bitcoin or cryptocurrencies vis a vis other currencies depicted in diagram comparing with US dollar

Bitcoin Value

Mining of crypto coins “Bitcoin”

Bitcoin mining has all the potentials of turning into a big business, in itself. Bitcoin mining is a decentralized operation. This is the process in which computers confirm the fact that a transaction has actually happened on the network.

The mining procedures include an accumulation of recent transactions into blocks and try to solve a code or difficult puzzle. Therefore, those who have the internet link with suitable hardware can easily run and participate in mining.

The participants who first figures out the puzzle problem will get place to the next block in the block chain and claim his rewards.

Representing Mining

Advantages of mining over buying bitcoins

· Bitcoin mining assists their users to keep a track of their transactions.

· You don't have to pay any extra fee for acquiring the coin apart from the investment in hardware.

· It’s a tax-free currency that can be transferred anywhere within minutes.

· You have money which gives you total control over it.

Bitcoin Core

Bitcoin Core is programmed to decide which block chain contains valid transactions. It includes a secure wallet that can be used to store, send and receive bitcoins. The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use.

Features of Bitcoin Core

Ø It ensures every block and transaction it accepts is valid.

Ø It is the Bitcoin core that provides you with so much of security and privacy while using the Bitcoin.

Ø It is convenient to run on most computers and Internet connections.

Ø An easy way for broadband users to contribute to less well-connected users as it supports the network.

Bitcoin is Global

How to verify Bitcoin core?

An integral part of the Bitcoin network, it is a software program specially designed to correctly identify valid blocks on the block chain that contains valid Bitcoin transactions. If you are a Bitcoin user, you must understand the importance of Bitcoin core. You need to obtain the Bitcoin verification.

Before using the Bitcoin core, you need to verify the Bitcoin core. For example, check the downloading system because there might be something harmful or evil and cause bad effects when run the system. You also need to verify the server hosting of the download.

Pictoral View of Screenshot Verifying Bitcoin Core

How to Verify Bitcoin Core

Two simple ways to verify bitcoin core:

· First Way to Verify Bitcoin Core

To do the verification of the Bitcoin core, on Windows you can check this just by the right click of the installer. This is followed by the selection of the properties to go to the digital signatures tab smoothly. Please see that it is signed by The Bitcoin Foundation or not. You must know that the final Windows and Mac installers are digitally signed by The Bitcoin Foundation to ensure its authenticity.

· Second Way to Verify Bitcoin Core

You can easily and simply verify the hashes of the Bitcoin core release that you download by the above information. If you want full security and safety, you should also use OpenPGP software like gpg to verify that the hashes were signed by someone you trust and are 100% real.

Conclusion

The both sides of bitcoin, buying and mining have some pros and cons which makes them suitable or not for the users. As per the above information, you should buy bitcoin rather than mining because bitcoin mining requires a lot of time as well as money.

If you want bitcoin mining, you need to have a lot of money. You can use some renewable sources of energy like solar to build a farm, that will for sure offer you great profit from mining. If you don't have enough money, don't waste your time and energy on bitcoin mining.

Tags: Bitcoin Mining, Buying Bitcoin, Buy Bitcoin Online, Buying Cryptocurrency, Mining Crypto currency

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What is Illustrated Blockchain Technology?

Illustrated Blockchain Technology

The times are changing too fast. Waves of new concepts such as big data, blockchain, AI and artificial intelligence have dazzled us. In the constant subversion of innovation, the inexplicable anxiety envelopes everyone. Among the development of these new things, the most remarkable one is undoubtedly the blockchain technology. From nobody to anyone to everyone, everyone knows that blockchain has already become one of the most promising industries in the next five years. It is an emerging area where major financial institutions and top banks around the world are investing and chasing.

The blockchain can be said to be hot overnight, and the streets and alleys are discussing this emerging concept. It seems that whoever can't catch up with this new word can't keep up with fashion, but the status quo is that not so many people really Understanding the blockchain, most people's understanding of the essence of the word is still confused.

Still confused by listening to other people's explanations? Reading professional books is boring? How to easily and quickly understand the blockchain? This problem is worrying to many people.

Don't worry, the most easy-to-understand and most interesting blockchain illustration book "Illustrated Blockchain '' is here! This book is jointly created by industry celebrities Xu Xingxing, Tian Ying and Li Yiyue. Monographs in this industry. OK Group also provided a lot of data and theoretical support. "Illustrated Blockchain'' uses vivid and vivid language, in the form of comics and stories, to fully reveal the basic principles, applications and development prospects of the blockchain, telling readers what the blockchain is and what application value the blockchain has To ensure that readers can understand the blockchain in a second through a book. It has been praised by the industry as a popular science primer for the blockchain industry.

So what kind of blockchain world does this book contain?

"Illustrated Blockchain" reads the blockchain from four parts, explaining its origin, principle, characters, and specific applications.

This book mainly answers the question of what is a blockchain. The author Xu Mingxing believes that blockchain refers to the technology of collectively generating a series of ordered data blocks in a decentralized and detrusted manner with the help of mathematical algorithms and forming a reliable database. The essence of the blockchain is a distributed general ledger. Accounting bookkeeping is a traditional form of bookkeeping, but it is extremely error-prone and creates the risk of false accounting. There must be credit problems in this form of bookkeeping. However, the blockchain can solve the crisis of trust with three advantages. First, the ledger is infinitely large; second, each block is encrypted with a unique timestamp; third, decentralization, and everyone participates in bookkeeping.

A simple example in the book helps understand this concept. If in a family, the father will do the accounting alone, then he may steal a few packs of cigarettes, for fear that the mother will read it and not keep the account. However, if family members keep accounts together, this is an open and transparent ledger, which guarantees the authenticity of the contents of the ledger and cannot be tampered with. This easily solves the credit problem.

Illustrated Blockchain Diagram i Light blue color shade

If you want to see the future clearly, you must see the history clearly. In terms of the application principle and development context of the blockchain, the book also gives a detailed explanation, and also sorts out the historical development of the industry: those leading figures at the forefront of the era, and those historical events that promote the development of the era Does not affect the present and future of the blockchain.

Blockchain, as an independent frontier technology, is gradually penetrating into other fields and integrating with innovations from all walks of life. The book introduces the specific applications of the blockchain, and also gives us a good vision of the future. I believe that in the future, the blockchain will be used in any field and subvert our daily life.

Understanding the blockchain and understanding the blockchain can be more conducive to the development of this emerging thing. Perhaps it is the same as the popularity of the Internet in China in the 1990s. People always have a skeptical and wait-and-see attitude towards new things. If you want to develop a blockchain, it becomes especially important to popularize blockchain knowledge. I have to say that Xu Mingxing's move is of great significance for promoting the spread of blockchain knowledge and increasing the acceptance of blockchain links.

What is Blockchain Application Imagination?

Mr. Xu Xingxing, the founder, chairman and CEO of Eurotech Group, and the founding chairman of China Blockchain Application Research Center, focused on "the application of blockchain technology in fintech". He changed the scene of people's life through the combination process of Internet + finance, predicting that blockchain + finance will be a deeper and more detailed combination-the fintech 2.0 era.

Blockchain technology is not a magical technique, but rather a "distributed and irreversible" database science.

Database is not a new term. From the emergence of some web pages to the classification of various web pages by Yahoo and the navigation site, this is the earliest database.

Later, there are more and more web pages, there is no way to explore the effective content through classified navigation, so companies like Google have appeared: using inverted database technology to index Internet web pages, this is the search we use now engine.

It can be said that data technology has created civilization throughout the Internet era.

As a "distributed and irreversible" database, blockchain is not a most efficient and intelligent network design, but a fair and secure network design. This design makes point-to-point network transmission possible. It is the network transmission between points that makes many scenarios possible.

Application Imagination of Blockchain system

What are the characteristics of a peer-to-peer network?

First, peer-to-peer, every node in the network is peer-to-peer. Second, it is safe that some network damage or node damage will not have any impact on the operation of the network. Therefore, the decentralized network of the blockchain is first a network running on the Internet.

For example, if user A wants to transfer money to B, he will broadcast the transfer to the network, and announce to everyone that A will transfer money to B, and everyone will see it, but the transfer information may be false at this time. A's user may be fraudulent, this time is an unconfirmed transaction.

Unconfirmed transactions will be received by everyone in the network, but there will be a special type of person, we call him the bookkeeper. He will turn it into a confirmed transaction or a confirmed ledger, and broadcast the confirmed ledger to the entire network again.

All people in the network will receive the confirmed transaction, and most will choose to ignore it. Only after users A and B receive the confirmed transaction, they will know that the balance of A will decrease and the balance of B will increase. In this way, this point-to-point transaction is reached.

Second, the blockchain has two types of applications, one is instrumental and the other is subversive.

Similar to the Internet era, there are many instrumental applications of blockchain, and there may be more in the future. Many aspects of each of our lives may be built on the blockchain. For example, today's blockchain electronic evidence, many courts regard blockchain evidence as legally valid.

The traceability, auditing, and invoices of many commodities based on the blockchain have been running on the social IT infrastructure. Even in the future, each of us's real estate certificate, our equity, and the car book of our car may be the certificate of the blockchain.

There are also many disruptive applications appearing on the blockchain, but as a new technology, we can't recognize it for its disruptive applications, such as point-to-point email, point-to-point WeChat, or even point-to-point Taobao.

In the future, the transaction between the user and the merchant may not be achieved through an institution, but through a smart contract.

Today's blockchain has many applications in all walks of life in the world. For example, like digital currency, Bitcoin, Ethereum, building a new virtual commodity based on blockchain technology, and so on. In the retail experience of many users, there are many blockchain-based remittances, blockchain micropayments, and many countries. Some countries use the blockchain to elect the president. After the election, the president always said that the vote was genuine and cannot be tampered with on the blockchain. There may be a lot of companies that use blockchain to invoice and financial infrastructures will be self-revolutionary, and they are also using blockchain technology to self-revolution. For example, like auditing. Everyone knows that all audits are to reduce financial fraud and so on. Therefore, when the financial system is involved in the blockchain, auditing is naturally not needed because the data is irreversible and can be analyzed by the system.

Finally, Mr. Xu Mingxing believes that the blockchain is not a beast, and the government can have a strong control system on the blockchain.

Although today's blockchain is peer-to-peer, in fact, blockchain can provide many tools for supervision. For example, today there are many stablecoins in the United States. The stablecoins are just like the payment currencies of the central bank. What if I want to freeze a certain amount of money in the future? Can't it freeze? Actually not. There are many stablecoins approved by regulators in the United States. Stablecoins carry the function of super private keys. After a specific person owns this private key, although it is a peer-to-peer network, they can still stop or freeze certain transactions.

Its real-name system also has many, many technologies. Therefore, in terms of regulatory aspects of the blockchain network, regulatory technology and regulatory technology are also very strong, and there are already mature cases of regulation in these countries in the United States.

Not long ago, in response to the spirit of the national innovation system construction, Eurotech Group established the Asia-Pacific headquarters in Sanya as the first group of companies to enter Hainan International Offshore Innovation and Pioneering Pilot. At the same time, a blockchain offshore digital asset trading laboratory has also been set up to support the construction of blockchain big data research institutes and blockchain innovation application research and development centers. Based on blockchain technology, deep cultivation and hard work, and strive to drive the development of the fintech 2.0 era, and also contribute to the strength of the Eurotech Group for Hainan to truly enter the international market.

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What are some Popular Work Positions in Australia?

Work Positions Based in Australia

According to British media reports, there are some jobs in Australia that offer generous six-figure salaries. No one wants to do these jobs, even though most Australian workers are struggling to survive.

It is reported that the current wage growth in Australia is very weak. But even if occupations such as ultrasonic inspectors, surveyors, and mining engineers provide attractive salaries in excess of $ 100,000, no one is paying attention.

From construction sites, mines to hospitals, at least half of these positions are still vacant, even though job hunting notices have been issued for six weeks.

For more than six years, Australia ’s annual wage growth has been below normal, but a large shortage of high-paying jobs still exists.

Ultrasound Examiner

The data from the job site shows that in Australia, the average annual salary of an ultrasound examiner is $ 120,000

Ultrasound examiners use ultrasound equipment to take medical images, which can be used to check a variety of conditions, such as pregnancy, female breast lumps, and cancer. They are also responsible for examining patients for heart or bone problems.

Australian job site data show that the average annual salary of an ultrasound examiner can reach 120,000 US dollars (about 850,000 yuan).

Although the annual salary of this occupation is twice or more than the average annual salary in Australia, applicants are still few.

The Australian Department of Employment and Skills said that only 27% of vacancies in the position of ultrasound examiner in Queensland were filled, while only 43% of vacancies in New South Wales were filled.

The government says vacancies in the public and private sector have become a headache for employers.

Measurer

Surveyor's annual salary is usually $ 103,000

At construction sites we often see surveyors using theodolites to determine the boundaries of buildings.

According to data from job search websites, the average annual salary for this type of job is $ 103,000 (about 730,000 yuan).

Even with this generous salary, Australia's New South Wales fills only 33% of vacancies. Finding suitable surveyors is difficult in Sydney and elsewhere.

The government said that construction activities such as strengthening foundations have increased the professional demand for surveyors in the past few years.

Mining engineer

Usually the annual salary of a mining engineer is $ 1,30,000

The annual salary of a mining engineer is as high as 1,30,000 US dollars (about1,00,000 Indian Rupees; 920,000 Chinese Yuan), but this does not seem to be enough to encourage more people to apply for this position.

Across Australia, less than half (48%) of the jobs for mining engineers are filled.

Since this year, the labor market for mining engineers has been tight, and the shortage is very obvious.

Working in Australian Territory Location

Electrical Engineer

Electrical engineer's annual salary is $ 103,000

It is difficult for employers to find enough job seekers who want to design electrical systems. Electrical engineers have an annual salary of $ 103,000 (approximately 730,000 yuan), but in New South Wales, only 52% of the positions have been filled.

The Ministry of Employment and Skills pointed out that the occupation of electrical engineers experienced a shortage of posts in previous years in 2019.

From mining to manufacturing to transportation infrastructure, electrical engineers are needed in all walks of life.

It is reported that applicants are particularly disappointed with the unqualified level of job applicants. On average, 16 people applied for electrical engineer positions, and only 2 were qualified.

Australia is short of job rankings, this job is the hardest to find

Overall, the vast majority of advertising jobs in Australia have been recruited within a month.

According to the latest analysis report published by the global recruitment website, in terms of the completion of the recruitment rate within the month (30 days), Australia and the United Kingdom are in the leading position in the world, with the recruitment completion rate reaching 70% within the month.

For the United States, only 56% of jobs will be recruited within the month. In Germany it is 51%.

Recently, the employment situation in Australia has continued to improve. The total employed population reached a new high. In addition, Australia has maintained a sustained increase in new employment in the past 13 months, the longest period since June 1994.

The Reserve Bank of Australia and Macau (RBA) has stated that the shortage of skilled workers has begun to appear as the unemployment rate continues to decline. According to it, the performance of the job market continues to strengthen, and the growth rate of wages may increase accordingly.

However, Chris McDonald, managing director of job search site Indeed, said that the job market is still “employer market”. But for some positions, such as environmental health officers, the job market is dominated by job seekers. According to statistics, more than 48% of such posts remain vacant within two months.

Most difficult position to recruit

In addition, most vacancies belong to the medical industry, such as radiologists, dentists, healthcare professionals, home caregivers and medical reception staff. In the "most difficult position to recruit", although the GP ranks fifth and has an average salary of 256,680 Australian dollars, the hiring ratio of GPs is still more than 12 times.

DMcDonald said that Australia's GDP data showed that the healthcare industry is "one of the rising industries" of the Australian economy.

He said, "Given that the baby boomers are getting older, there is a growing demand for medical services. It is not surprising that this phenomenon has occurred."

In addition to the medical service industry, the food service industry is also a rising industry. With the Australian federal government cancelling the 457 technical visa, chefs have been understaffed.

Another position with a shortage of staff is a "recruitment consultant".

McDonald said, "In order to promote innovation and promote economic growth, countries around the world are trying to attract the best talent. In this context, highly skilled recruiters who can recruit the right people at the right time are also in short supply."

"According to statistics, employers' demand for recruitment consultants, especially senior recruitment consultants is 11 times the number of job seekers. Therefore, the rate of uncompleted recruitment for this position is still as high as 26.5% within 60 days."

South Australia and the Australian Capital Territory rank high in terms of month-to-month recruitment completion rates across Australian states / territories. Recruitment completion rate in both places reached 73% in the month. It is followed by Queensland (72%), Western Australia, Doria and Tasmania (71%).

The lower rankings are New South Wales (69%) and Northern Territory (68%). In other words, these two states are the most favorable for job seekers.

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