Other Cryptocurrency

Those nukes don't pay for themselves you know

 

Iceland has a few concerns they ain't going to have enough energy for all the mining:

http://www.bbc.co.uk/news/technology-43030677

 

I suppose there is the potential that, while governments struggle to exert control of cryptocurrency itself due to it's decentralized nature, they could relatively easily tax/regulate large scale mining out of existence nationally.

 

Progressive pricing model for electricity...

The more you use the more you pay per kwh.

 

or the more washing/drying you do, the more you have heating on, the more ... and on ... and on.

 

Yep, when its a washing day I can definitely see the peeks on the smart app, tumbledryer + ironing + powershower = more than mining

 

Western Union is testing XRP for transfers.

Maybe worth watching.

 

XRP and XLM have been going really weird today. Up. Down. Up. Down. Ticking 5% up 5% down. Someone doing some flipping today would've been well up.

 

Now it's hitting the aliens. SETI having problems because they can't get enough GPUs anymore.

Crypto-currency craze 'hinders search for alien life' - http://www.bbc.co.uk/news/technology-43056744

 

Guessing that's the case for other distributed computing projects too.... BOINC, F@H etc.

 

I'm surprised they haven't figured out a way to take advantage of it by offering their own crypto to reward folding.

 

SETICoin? Why the hell not? Making coin while being useful.

All of them could do it, wouldn't cost anything, just start their own coin.

Or is that not how it works? #onewhospeakswithnoknowledge

 

FoldingCoin and CureCoin have been around for some time already:
https://www.foldingcoin.net
https://curecoin.net

 

Interesting, I had no idea. I don't fold or mine but this is quite appealing actually.

 

Of course if they did that they would make Cryptocurrency a suddenly finite resource, which would drive it's value up explosively.

 

Granted I am watching it on the HODL app which doesn't report a direct rate but instead uses a conversion to BTC - therefore if the BTC rate is moving up and down a lot it can skew the numbers a touch - but looks like it went up around 8p and back down a touch today. Might have been related, might not.

I think it likely it's going to bust £1 in the not too distant future though.

Oh and LTC went from £116 to £160 today, although pulling back a touch now. Approximately a 35% gain more or less.

 

Another run this morning has put BTC back within touching distance of $10k... If it breaks that, could be another crazy bull run.

LTC's recent surge is an odd one, came about with no real news or shill, but was the best performing coin on CMC yesterday.

 

I was reading something about litepay, ltc transactions over visa being a step closer.

Made a couple of quid yesterday flipping. Nothing stellar as my stake isn't huge.