Showing posts with label Coin. Show all posts
Showing posts with label Coin. Show all posts

Saturday, June 25, 2022

Betbetter - Web3.0 Crypto Casino - Come Join Us

 Betbetter - Web3.0 Crypto Casino - Join US


BetBetter: Leading Crypto Casino Solution Web 3.0

BetBetter aims to provide seamless, fun, profitable gaming experience on most EVM compatible networks, near, and terra networks. 

Supported Tokens

BetBetter currently support BTC, ETH, Solana BSC, Polygon, OEC, AVAX, xDAI, etc. You can check the complete supported tokens on website. 
For Bitcoin, we support 0 confirmation deposit now as long as your fee is greater than 4.979 sat/b. Otherwise, deposit will be credited after 1 confirmation. 

Core Tokens vs Community Tokens

Tokens are categorised as core tokens and community tokens. You can check the token type next to the your wallet balance in the header. Core tokens are mainstream tokens such as BTC, ETH, BNB, Matic, FTM and stablecoins. 
We also list tokens for other DEFI projects too. These are community tokens. 
For communities who are partnered with BetBetter, their tokens can have customised limits. For communities who do not have a will to work with us, their tokens are only supported for players who wanna try out our platform in order to protect the community. These tokens have lower bet limit and withdraw limit. Also, since most community tokens do not have good liquidity and high price volatility, their price is quoted on a 24-hr TWAP.

Withdrawal Limits

Core tokens: the default withdrawal limit for any core token is $10,000 worth per day unless otherwise indicated.
Community tokens: the default withdrawal limit for any community token is $1,000 worth per week unless otherwise indicated.
Withdrawal limits can be checked by clicking withdrawal button next to a specific token in wallet page. 


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Thursday, April 28, 2022


Gaming and the blockchain are seemingly made for each other.

Gamers have long been willing to spend a great deal of time and money on a well-crafted virtual world, and blockchain technology, with its ability to support the robust global trade of digital currencies and items, provides the perfect path for expansion. Cryptocurrency games are bringing these two worlds together, and although it’s still early days, the signs of what’s to come are promising.

This article explores the world of cryptocurrency games, explaining what they are, uncovering why they’re important, and highlighting some of the most prominent players in the space. 

  • Play-to-earn games
  • Crypto-educational games

Why are cryptocurrency games important?

Important cryptocurrency games and video game cryptocurrencies

  • Axie Infinity
  • Decentraland
  • Enjin Coin
  • Forest Knight
  • CryptoZombies

What are cryptocurrency games?

Cryptocurrency games are video games that use cryptocurrency as the foundation of an in-game economy. Cryptocurrency games use blockchain technology to support digital tokens traded in the game by its players and outside the game via exchanges. Because blockchain technology allows for a decentralized store of information, the tokens used in cryptocurrency games can be less susceptible to the risks involved with other in-game currencies, such as the closure of a game developer. The term “cryptocurrency games” can also describe games that teach what cryptocurrency is, how it works, and more.

Cryptocurrency games are under the umbrella of blockchain games , but they are not entirely equivalent terms. Blockchain games also include games that leverage blockchain technology only as a means of supporting the use of non-fungible tokens (NFTs). NFTs are not designed to be treated as equivalent in the same way all currencies — including cryptocurrencies — are. Instead, NFTs assign individual ownership to unique digital assets.

Major cryptocurrency game types

Cryptocurrency games can generally be grouped into one of two categories: play-to-earn games and educational games. Let’s take a look at each in turn.

Play-to-earn games

Play-to-earn games  can function in several different ways. Their defining characteristic is that the game’s mechanics financially reward players for their time. Cryptocurrency games that employ play-to-earn mechanics award players cryptocurrency in exchange for completing tasks or goals. Some play-to-earn games require players to invest their own money as a start-up cost, and these are called “pay-to-earn” games. Not all play-to-earn models rely on cryptocurrencies to incentivize players: Others use NFTs that players can earn and treat as investments. Finally, some play-to-earn games utilize both cryptocurrencies and NFTs to power their in-game economies.

Crypto-educational games

Crypto-educational games explore and explain cryptocurrencies via interactive lessons delivered in video game format. These games can help players understand the basics of cryptography, blockchain technology, and cryptocurrencies. They also can help players gain blockchain development skills and launch their own decentralized applications — also known as dapp.

Why are cryptocurrency games important?

Many of the gaming industry’s most influential and powerful players are embracing cryptocurrency games. The CEO of Ubisoft, Yves Guillemot, has called blockchain games “revolutionary,” and EA’s chief executive has dolled out similar praise, declaring that some of the types of games leveraging the technology are the “future of our industry.” While not all publishers are convinced — most notability Valve — many are working to incorporate this approach into their developmental roadmap.

But the trend is bigger than just gaming, as blockchain games have established themselves as a powerful force within the dapp ecosystem. Blockchain games now account for the bulk of the user activity in the space, with 55% of unique active wallets connecting to these titles in October of 2021. 

The rise of cryptocurrency games also complements another massive tech trend: the metaverse. As the recent rebrand of Facebook attests, the metaverse is a vision of the future of the internet that has attracted the full backing of some of the world’s most influential organizations. With their ability to provide digital ownership, employment, and robust marketplaces, cryptocurrency games could serve as both an entry point to a metaverse and an engine of its continued growth. 

In short, cryptocurrency games have gained the gaming industry’s attention, are gobbling up the dapp ecosystem, and seem to be a match made in heaven for the metaverse.

Important cryptocurrency games and video game cryptocurrencies

While there are already scores of cryptocurrency games and video game cryptocurrencies, only a few have proven their merit. To give you a lay of the land, we’ve broken down some of the most important here.

Axie Infinity

Axie Infinity is a pay-to-earn game that has become the poster child of the cryptocurrency gaming space. Like Pokémon, the game is built around the collection and combat of cartoon monsters, known as Axies. Each Axie is an NFT, and players must purchase several to start playing. The game rewards players for completing tasks with its native cryptocurrency, AXS, whose market capitalization as of the time of this writing is well north of $9 billion. Axie Infinity has such a thriving economy that it affords many players a living wage — with some claiming to make over six figures a month for their efforts.

Decentraland

Much like Roblox, Decentraland offers a vast, open-ended, open-world platform designed to empower a player’s inner explorer and creator. The game allows players to customize their character, buy and develop land, and explore an enormous virtual landscape. The platform runs its economy and governance via MANA — a cryptocurrency built using the Ethereum blockchain. The project has taken off, and MANA’s market capitalization sits second among all gaming cryptocurrencies — just under $5 billion.

Enjin Coin

Unlike AXS and MANA, Enjin Coin was not designed to suit the needs of any particular game. Now the third-highest video game cryptocurrency in terms of market capitalization, Enjin Coin enables developers to create their own cryptocurrency and blockchain games — or add these features to an existing game. One of the most notable early adopters of Enjin Coin is Minecraft, which uses it to support NFTs for their players.

Forest Knight

Built around the KNIGHT token, Forest Knight is a mobile, turned-based fantasy game that uses the play-to-earn framework and storytelling to drive player engagement. The game ensures the rarity and uniqueness of player items using NFTs, with some of the world’s items having fewer than a dozen extant versions. While there are relatively few item types currently, the game’s developers are in the process of building out a wide assortment of other NFT categories to drive player interest and growth.

CryptoZombies

CryptoZombies is a crypto-educational game that teaches players about cryptocurrency and blockchain technology, particularly development. The game currently features two courses that guide players from fundamentals to app deployment via interactive lessons. The game rewards its players’ progress by giving them “crypto-collectibles” along the way, which they can use to battle against other players.

Need a crypto-collaborator?

The future of cryptocurrency gaming is bright. The space has only begun to take shape, and there are already four cryptocurrencies with market capitalizations over a billion dollars — one of which is listed in the top thirty among all cryptocurrencies. For many publishers, this represents the next frontier of the gaming industry.



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Tuesday, April 26, 2022

Dogecoin Mining 2022: Everything You Need to Know


Dogecoin’s run-up last year attracted record numbers of miners to its network. But how easy is it to mine dogecoin, what do you need to get involved and is it profitable?

Dogecoin has come a long way since its modest beginnings as a joke cryptocurrency centered around a viral internet meme of a Shiba Inu “doge.” What was once a parody project purposefully created by software engineers Jackson Palmer and Billy Markus to be “as ridiculous as possible,” is now a top fifteen crypto asset boasting a $22 billion market capitalization and a global fanbase.

Dogecoin’s spectacular rise over the first half of 2021, driven largely by internet pop culture and relentless promotion from Tesla CEO Elon Musk, unsurprisingly reignited significant interest in dogecoin mining and sent mining profitability to a new six-year high.

Even with its recent success, mining dogecoin is still significantly less competitive than mining bitcoin (but still difficult). New blocks are also discovered much faster and coin rewards are substantially higher – 10,000 DOGE per block reward vs 6.25 BTC.

How does dogecoin mining work?

Dogecoin’s blockchain network employs the same system for adding new blocks to its decentralized ledger and reaching agreement among its network participants as bitcoin, litecoin and many other cryptocurrencies.

Known as a “Proof-of-Work” (PoW) mechanism, this process involves “mining” where individuals or organizations compete for the right to add new blocks containing pending transactions to the blockchain ledger using specialized computer equipment.

More specifically, miners use their machines to try and create a fixed length code known as a “hash” with a value that is equal to or lower than the target value of the new block, known as the “target hash.” Whoever creates the winning code earns the exclusive right to add new transaction data to the next block in the chain and is rewarded with newly minted coins for doing so.

Each hash generated is completely random so it’s simply a process of trial and error until one miner wins.

Here is how dogecoin mining compares to bitcoin and litecoin mining (as of January 2022):

Dogecoin
Litecoin
Bitcoin
Algorithm
Scrypt
Scrypt
SHA-256
Block time
1 min
2.5 min
10 min
Difficulty
5.05 million
11.89 million
24.37 trillion
Reward per block
10,000
12.5
6.25
Total supply
Infinite
84,000,000
21,000,000

As a rule, PoW blockchains such as bitcoin and litecoin usually have a predetermined total supply of coins that have to be mined in order for them to be added to the circulating supply (21 million and 84 million, respectively). Think of it as being like actual mining and how precious gems or gold have to be physically mined before they can enter the market.

Unlike a vast majority of cryptocurrencies, however, dogecoin doesn’t have a maximum supply cap. Its circulating supply will continue to increase indefinitely over time as new coins are created through mining.

New blocks are discovered approximately once every minute on the Dogecoin network. For comparison, Bitcoin blocks are discovered approximately once every 10 minutes.

Despite using the same Proof-of-Work system, dogecoin mining operates slightly differently than bitcoin.

Bitcoin, which is the oldest and largest cryptocurrency by market cap, uses a hashing algorithm called SHA-256. This might sound complicated but a hashing algorithm is simply a function that generates a fixed-length code using a certain technique. Think of it as random code generators, where each hashing algorithm creates random codes in a unique way.

Dogecoin and litecoin use a hashing algorithm called Scrypt, which is less complex than SHA-256. This makes mining litecoin and dogecoin much faster and less energy intensive than bitcoin.

The use of a common algorithm enabled Dogecoin and Litecoin mining to be “merged mined”, meaning both coins can be mined simultaneously without impacting operational efficiency. The two share a common algorithm because dogecoin’s design is based on luckycoin, which in turn was derived from litecoin.

How to mine dogecoin

In its early years, mining dogecoin was much easier because very few people participated in the network. This meant anyone could mine the coin individually. However, as the popularity of DOGE increased, the mining process became more difficult, prompting miners to come together and form “mining pools.”

A mining pool is a group of individual miners who mine the cryptocurrency as a single entity, or node, by merging their computing power. The rewards are then distributed among pool participants proportionally by the amount of computer power committed by each miner.

Today, there are three main approaches to mining dogecoin:

  • Individual mining/solo mining
  • Dogecoin mining pools
  • Cloud mining

  • Solo mining vs. dogecoin mining pools

For anyone looking to mine DOGE for fun or simply to understand the process, it can be done independently using a GPU (graphics processing unit) through a software like EasyMiner, for example. The GPU is a specialized processor that renders all images on a computer's screen, and many laptops and desktop computers use it to improve image processing.

However, mining alone can be a difficult process and is rarely profitable unless one is willing to shell out significant sums of money on top-spec equipment and electrical bills.

For crypto enthusiasts interested in trying to make a profit from doge mining, joining a dogecoin mining pool is recommended and provides a much better chance of becoming a block validator due to the collective hashing power of the pool. But before jumping into a mining pool, be ready to pay 1%-3% in fees for the privilege to participate and always check in advance how each pool calculates payouts for its members.

Popular dogecoin mining pools in 2022 include:

Dogecoin can also be earned through cloud mining, which is not really mining per se. Cloud mining basically involves renting computing power from a data center and paying a monthly or annual fee based on an agreed-upon contract. The chosen coin is then mined at the center via a mining pool and then shared with you based on how much computing power you pay for.

The main drawback of cloud mining is that most contracts are time-locked, meaning you can lose money if DOGE prices drop below the operational and electrical costs associated with mining it.

Nevertheless, this can also be just as effective as joining a mining pool and does not require the user to own any specialist equipment. Anyone opting for the cloud mining route simply needs a dogecoin wallet.

Popular cloud mining pools that support DOGE include:

For individuals interested in mining dogecoin solo or via a dogecoin mining pool, there’s a range of equipment needed in order to get started.


Dogecoin Mining Hardware

There are three types of hardware equipment you can use for DOGE mining:

  • CPU – your PC’s central processing unit might be an option even today, but it is not really recommended because it can cause damage to your computer by overheating it.
  • GPU – a graphics processing unit is more powerful than a CPU and can be used to mine dogecoin.
  • ASIC – an application-specific integrated circuit is a computing machine built specifically to generate hashes. ASICs are far more powerful than GPUs and, unsurprisingly, more expensive. Anyone planning to buy an ASIC should look specifically for a Scrypt-based ASIC miner.

  • Dogecoin Mining Software

Once you’ve decided which type of hardware to use, you’ll also need to download software to accompany it. Here are some of the leading software options available at the moment:

  • CPU – CPU miner by Pooler.
  • GPU – EasyMiner is great for beginners, CudaMiner works best with Nvidia GPUs, while CGminer does well with all types of GPUs.
  • ASIC – CGminer and EasyMiner can be used with ASICs as well, but most ASIC miners use MultiMiner.

  • Dogecoin Wallet

A dogecoin wallet is essential for mining and provides a secure place to receive any dogecoin rewards generated from mining. A crypto wallet consists of a public key address for sending and receiving DOGE and a private key to access it. The latter has to be kept secure and not shared with anyone. There are several types of wallets, such as:

  • Online: Anyone mining dogecoin for fun can opt to use an online wallet such as Coinbase or Binance. These aren’t as secure as other wallet options but are much more convenient to use.
  • Software: Software wallets reside on your PC or mobile device rather than online, which makes them more secure. You can download the original dogecoin wallet or use third-party software wallets.
  • Hardware: Hardware wallets are regarded as the most secure solution for storing crypto assets. These are physical devices similar to a USB stick that store crypto offline. Leading hardware wallets include the Ledger Nano S and Trezor Model T.

It’s worth noting, good access to electricity and an internet connection are essential for mining any cryptocurrency. If you opt for ASIC mining, it’s recommended that rigs be kept in a cool and isolated place to prevent overheating and disturbing neighbors with the noise.

Is dogecoin mining profitable?

Well, dogecoin mining can still be profitable. However, don’t expect to become a millionaire. Having powerful hardware and joining a dogecoin mining pool will give you the best possible chance of making a profit from dogecoin mining. If you’re interested in finding out how much you could make (approximately) per month, there’s a dogecoin mining calculator you can use.



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