An Investigative Journey into Bitcoin

I am currently applying for a MasterCard from Wirex to investigate the possibility of taking payment in Bitcoin. I will let you know how this goes, as and when. Well someone has to do it. At present the Android app does not work with my device, even though the Android version is 4.4, and the app needs 4.2 and up. Strange.

Next I downloaded Ethereum to check out distributed processing ideas on the blockchain. An interesting idea, but quite a lot of documentation to look over. Bitcoin wallets are easy to find, even in mobile form, but Ethereum has the edge of a programmatic layer. I think the solution to the Ethereum block fork, is 1000 ETH in total haircut proportional split, and dump into the account. Although clever, the detach code was not worth “value gained”, and resulted in a experimental ETC net with lower volume.

The blockchain of Bitcoin is quite big, and there are some interesting competing technologies. I’m also checking out Monero for an alternative, and there are some interesting projects in alpha test. I mainly chose the ones I did for Bitcoin standard (an Android wallet), and because of high trading volume or useful extra technology layers.

So I’m up and micro mining ETH and XMR (Monero?) and will let you know. It’s not easy to set up, but with enough technical knowledge you can micro mine on a laptop. Some algorithms are more suited to this than others. Of note be aware I’m not mining Bitcoin. That would be a fool’s game without custom SHA-256 ASICs. Other coins to consider are LTC which is easier than BTC for micro mining, and some of the other highly traded which do not use SHA-256, although it does look like the LTE hash will place the mining in large corporate ASIC hands, as it did so happen for BTC. LTC has a good android wallet very similar to an excellent BTC wallet.

Something like C:\Windows\System32\cmd.exe /K C:\Users\user\Desktop\installed\Ethereum-Wallet-win64-0-8-2\resources\node\geth\geth.exe --mine could prove useful if you want an ETH miner launch from Windows desktop. You can’t run the wallet at the same time though. You may also need switches if you use GPU, and to alter the number of processor cores used.

MyMonero is an excellent idea, but getting Monero might be the most difficult part. It is effectively a most useful tool. This completes my investigation into cryptocoins. I hope you find some tools useful for you.

Author: Jacko

Technical. Well is mass information conservation the reason for dark energy via uncertain geometry and photon exchange? Is dark matter conservation of acceleration with a gradient field heavy graviton? Does the KODEK work yet?