Elon Musk: Ethereum is a Scam, but I want him, too

Elon Musk — the man, the myth or the legend? What would you about it or thought it is difficult to deny that, though indirectly, but it affects the cryptocurrency. According to recent reports, Elon now jumps on the train Ethereum, though, and suspects it may be a Scam.

In fact, everything that happens is connected with epidemic of fake accounts on Twitter, according to which Musk is actively promoting Ethereum. As we all know, Twitter was flooded with fake accounts offering free Ethereum, provided that they send a small amount of cryptocurrency to the purse (of course, owned by the scammers).

The Twitter team have taken great care to eliminate impostors, but to this day this problem has not been solved, and with her face. Only so Elon Musk allegedly called Ethereum a Scam. In fact, he was joking, but his words were misinterpreted.

In his last tweet Musk wrote a response to the comment of one user who asked whether Elon to send them ETH. Musk, who is aware of the activities of bots, jokingly responded to the question, solemnly promising that all will receive the promised ETH. Since his answer came as a surprise to all Twitter users quickly flocked to a branch of discussion to continue the conversation. After receiving hundreds, if not thousands of posts about ETH other cryptocurrencies and Blockchain technology, a world-renowned entrepreneur made a last remark about the situation:

“I also want ETH, even if it is a fraud.”

The fake accounts is a very big problem that has plagued the crypto community on Twitter. The best way to protect yourself from imposters and fake hands — just ignore them. Nobody gives away expensive cryptocurrency for free, the world doesn’t work like that. Use Twitter to publish their research focus on the websites you are interested in projects. Don’t be naive and you will be safe.

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Co-founder of big mining-farm called the cost of production of 1 ETH

Brian Ventura-mining-farm-Atlantic Crypto 3,000 GPU, on August 27 said that at a price of $ 0.12 per kWh the cost of mining one of the ether is 152 USD.

“Assuming that the average cost of electricity is 12 cents per kWh… and since the energy extraction 1 air at the moment is equal to 1.27 MWh, this is equivalent to 152 USD per ether”, — he wrote.

This is about half of the current value of ether (about 300 dollars), and 12 cents is the average price for electricity in homes USA and the UK.

However, in different States the cost of electricity varies considerably. According to one, for example, in Idaho, North Dakota and Washington it is 8 cents. Thus, mining 1 ETH here will cost only $ 100.

This is approximately 33% less than the amount shown Venturo. At the same rate (i.e. from 3 to 2 esters) refers to reducing reward per block in EIP 1234 (from the English. “Ethereum Improvement Proposal”, i.e., “suggestion to improve Ethereum”).

Some American miners are planning to move to a place with excess electricity, for example, in China, where its price can reach even 4 cents per kWh, which will reduce the cost of mining the ether to $ 50. This is almost 6 times lower than the current rate cryptocurrencies.

It turns out that mining ether will remain profitable occupation, even when reward 1 ether per block, i.e. 3 times less than now. “Afirst” with the experience Eric Connor analyzed how the Ethereum network will pay for its security compared to Bitcoin, with 2 ethers for the block:

When 1 live for the block, said Connor, Ethereum will be slightly underpay for their safety, but in this, according to him, there is nothing wrong:

Friday will be another meeting of the developers of Ethereum, which will discuss the question of the necessity to reduce the remuneration, as well as inflation Ethereum.

Judging by the online vote, about 66% of holders of air tend to reduce the reward to 1 ether per block. About 33% agree to reduce it to 2 broadcasts per block. At the same time, almost no one wants to leave the current fee in 3 of ether per block.

During last Friday’s meeting, held on 24 August, some miners agreed to reduce the award to 2 esters. But will it ever be this Friday some kind of a solution acceptable to all is unclear.

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SVK CRYPTO PODCAST 212 – 30/08/2018 – ETHEREUM GETTING AN UPGRADE?

https://www.podbean.com/media/share/pb-b5i7d-988f98

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

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Chinese technology company controlled by Baidu bans forums on the topic of cryptocurrency

Chinese search giant Baidu joins Alibaba and Tencent in an attempt to distance themselves from anything that is somehow related to cryptocurrencies.

Baidu forced to follow orders, the regulator of China. The publication China Times reports that Baidu may either restrict or completely ban all cryptocurrency-related discussion on their forum, known as the “Baidu Tieba”, the Chinese equivalent of the online community Reddit.

Among the forums that will be closed, “Bar Digital Currency” and “Virtual Currency Bar”. Baidu has tightened their rules and will not allow to exist even sub-forums in this thread. By the way, the business forum Baidu was launched in 2003, its user base is over 300 million active members per month.

Any search queries related to these keywords, you receive the following response:

“This forum is temporarily closed in connection with the relevant laws, regulations and policies”.

Although other sub-forums such as “Bitcoin” and “Ethereum”, remain active.

In September of last year, China began the repression of cryptocurrency. The country had banned the cryptocurrency exchangers and carrying out ICO. This move has forced various companies to leave the state.

Authorities are set to block access to 124 sites in order to keep Chinese citizens from trading digital currencies.

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The bulls approach? Traffic Reddit/bitcoin began to rise, for the first time since Dec 2017

The moderator of the popular sub-Reddit about the Bitcoin found that the traffic section has risen again, after the first monthly fall since December, 2017.

The fourteenth in the world rankings and fifth in the United States, according to Alexa, Reddit is one of the most visited sites in the world. People from all over the world every day go to him to discuss almost everything, including, of course, Bitcoin.

Sub-Reddit r/Bitcoin is the most active forum for discussion of topics related to the first cryptocurrency. It takes 119 position in Reddit and its user base consists of less than 1 million subscribers.

Founded in September 2010, this online community has grown steadily. As Bitcoin became more popular, the number of subscribers to r/Bitcoin in recent years has demonstrated exponential growth.

For example, in November 2017 r/Bitcoin topped 400,000 subscribers. Less than a year later, that number has skyrocketed along with the price of Bitcoin and exceeded 914 000 users. However, together with the falling prices of BTC, the moderators have continued to experience a decline in the number of subscribers.

And finally, one of the moderators by the name BashCo shared in his that the Twitter account joyful news:

“The traffic on r/Bitcoin has been declining steadily since Dec 2017… until now. It is the harbinger of a bull market?”

Bullish sign?

BashCo interpretered events as possible bullish sign, as it means that people are once again looking for information about Bitcoin.

Co-founder of Reddit Alex Ohanian remains optimistic about Bitcoin, despite the downturn this year. 35-year-old investor believes that any increase in the use of cryptocurrencies is a positive.

“As a means of accumulation and savings, there is a certain attraction to Bitcoin, and in fact, we can observe in countries such as Turkey, which at this stage, a serious economic crisis … But still, we are at a very early stage”

Others also seem to believe in Bitcoin, which proves the record of Hasrat. Supporters of the cryptocurrency challenge any of the bad news, ranging from prohibitions of governments, and ending with the abolition of the ETF.

To predict the price of Bitcoin nobody but the influx of new users in r/Bitcoin is definitely a good sign for the most popular cryptocurrencies. There is no doubt that r/Bitcoin will reach its millions of overseas subscribers in the next few months.

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Famous comedian buys bitcoins to hide their capital from the government and wife

Famous U.S. comedian bill Cosby, desperate to save what was left of his $ 500 million, converts cash money into “virtual currency” to hide wealth from their creditors, governments and long-suffering wife Camille.

Cosby transferred to bitcoins 5 million after the expert explained the principle of operation of cryptocurrencies, the transactions in which it is almost impossible to track.

Such a strong need to hide all that is acquired back-breaking labor, have arisen in the life of a comedian is not just. The fact that 81-year-old Cosby was previously found guilty on three counts in the rape case.

According to the publication, Radar Online, convicted rapist needs $ 25 million for unpaid legal bills. Bill also gave all the credit accounts for their homes in new York and California.

A source close to Cosby reported that the comedian “does not intend” to pay court costs. Moreover, his humiliated wife, 74-year-old Camille, will fight for every penny in court during a divorce.

According to the same source, bitcoin is designed to Fund the potential withdrawal from justice.

“For me, this thing is a huge red flag,” says Frank Ahearn, author of “How to disappear”. — Cryptocurrency dropped in price and you have turned inside-out, but to buy Bitcoin right now. He is an irreplaceable tool if you are planning an escape.”

26 APR Cosby was convicted of the rape. According to the testimony of the victim named Andrea Constand, in 2004, he was drugged, then raped. Legal team of the actor does not deny the existence of sexual relations, but argues that that happened by mutual consent.

CNN noted that over the past few years, dozens of women made accusations of sexual harassment and rape at Cosby. However, only accusations from Constant led to litigation in the criminal case.

81-year-old monster who will be sentenced September 24 and which faces up to 30 years behind bars, is now preparing for the worst, hiring a prison consultant in order to save their lives.

“The label rapist is not something worth to cross the threshold of the prison,” said prison expert Cosby. — Sex offenders — instant target inside.”

Sources confirmed that Cosby was locked in a makeshift cell in the attic of the third floor of his mansion, eats meals in the prison style and demands that his staff scolded him, if he retreats from the schedule.

Bill Cosby has gained wide popularity in the USA in the 1960-ies with the release of the television series “I spy”. For the main role in this series, he received the American television award “Emmy”, becoming the first black actor to be awarded this award.

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Bittrex adds Fiat pairs for Cardano (ADA) and the zcash for (ZEC)

One of the leading cryptocurrency exchanges Bittrex launches two new trading pairs. 5 SENTIABREV users of this site will be able to trade Cardano (ADA) and the zcash for (ZEC) against the U.S. dollar. This way traders will be able to directly invest and perform other operations with ADA and ZEC.

Currently, customers Bittrex to invest in these cryptocurrencies are required to pay a Fiat in your account, buy some other cryptocurrency, such as bitcoin (BTC), and then to acquire the necessary altcoins. That’s what happens on most other sites.

This creates a certain dependence on BTC and this dependence is a serious constraint for some traders and investors who are interested solely in altonah.

Currently, trade in Fiat currencies is only available to customers located outside the United States or in the United States: NY, WA, CA, AZ, NM, MT. Platform gradually introduces new Fiat cryptocurrency pairs. For example, 20 Aug option to trade against the USD came from Ethereum Classic and XRP.

Thus on the 5th of September at Bittrex will be presented to the next trading pair “with the participation” of the U.S. dollar:

  • BTC-USD
  • ETH-USD
  • USDT-USD
  • TUSD-USD
  • ETC-USD
  • XRP-USD
  • ADA-USD
  • ZEC-USD

According to CoinGecko, this exchange takes 37th place in the world by trading volume.

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42% of the top 50 universities offer courses in cryptography

A recent study conducted by the American cryptocurrency company Coinbase, showed that 42% of the top 50 universities in the world offer at least one course in cryptocurrency or blockchain technology.

The results of the study were published on the official Coinbase blog on Tuesday, August 28.

Coinbase conducted a study in conjunction with the company Qriously, which specializiruetsya on the organization of the polls. Together they surveyed 675 American students and study programs in 50 international universities.

Of the 172 courses, 15 percent are read within the framework of educational programs in Economics, Finance, law and business, and 4 percent in the social Sciences.

Courses related to blockchain technology and cryptocurrencies most popular in the United States. Only five of the 18 universities outside the United States, are offering courses on these topics.

Courses related to the blockchain, the most popular at the universities of Stanford and Cornell. They are followed by the courses of the University of Pennsylvania and the National University of Singapore.

Dawn song, a computer science Professor at Berkeley, said the “Blockchain, cryptoamnesia and the future of technology, business and law” was extremely popular and instructors had to refuse more than 200 students, because their class was designed only for 70:

Blockchain combines theory with practice and can lead to fundamental breakthroughs in many fields of research. This technology can have a really profound and broad implications for companies in many industries.

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SVK CRYPTO PODCAST 211 – 29/08/2018 – RANDI ZUCKERBERG JOINS HUOBI?

https://www.podbean.com/media/share/pb-xp8e3-987309

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: http://www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog

Cryptocurrency fraudster used Instagram, the Prime Minister of Malta for their shenanigans

Even the Prime Minister of Malta, Joseph Muscat, so responsible doesn’t lead his Instagram account, as it did for him cryptocurrency fraudster. A man, presumably from China, has gone to great lengths to create a fake profile in Instagram filled with photos of official policy. Page even refers to partitlaburista.org.

The scammer went so far as to recommend to subscribers of the Lord of Muscat to contact some Out of the way to invest in Bitcoin, promising huge profit within a month.

The recommendations of the “Prime Minister” were deleted from Instagram. However, the above-mentioned person Out Wei is still active in Instagram (wangwei8976), as the fake account of the Prime Minister. (josephmuscat290). Official profile of the Prime Minister (josephmuscat_jm) can be found here.

The fake account has 304 followers, most of whom are residents of Malta, among which are politicians. This official account, led by the labour party, is confirmed. Having 15 thousand followers. Who, indeed, runs a parallel account, remains a mystery.

Fake account:

https://www.instagram.com/josephmuscat290/

Von Wei:

https://www.instagram.com/wangwei8976/

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