Bitcoin and Digital Currency Trading

Alternative Currencies Investing, Providing Bitcoin Loans, Margin Trading and other ways of earning bitcoin.

[bitcointraders]

Intro Podcast For Digital Currency Traders - Post on LumbridgeCity

Intro Podcast For Digital Currency Traders

Hello this is Douglas Lampi again from DigitalCurrencyTraders.com

And I have a question for you…

Are you currently trading bitcoin and cryptocurrencies for yourself? or have you thought about getting started with bitcoin or ethereum? or Are you interested in increasing your cryptocurrency trading results over the next 3 to 6 months?

If your answer is yes to one or more of these questions, then I have some good news for you.

More people are going to make more money and become financially independent, if not millionaires trading cryptocurrency in the next few years – than bitcoin produced in it’s entire history.

Fully 80% of those new millionaires will be people who buy – and hold – …the right cryptocurrencies… for just the next few years.

The probability of you becoming financially independent could lie in your ability to choose the right cryptocurrency – and hold it – for a period of time.

If you are trading cryptos already, you are at the front of the line for achieving financial success.

Your goal must be to operate your trading with maximum efficiency so that you can maximize your profits at every step along the way.

If you are in trading, you owe it to yourself to learn how to be one of the highest earning, most successful people trading these markets.

Remember: in life you can earn a little, or you can earn a lot, it’s a largely up to you.

No one is smarter than you and no one is better than you. If someone is doing better than you in crypto trading, it’s simply because they know more about what they’re doing than you do – at the current moment…

All business skills and all trading skills are learnable. If you can drive a car, use a smartphone, and operate a computer – then you can learn any trading skill.

Once you learn a specific skill, you can use it over and over again. And each time, you get better entries and exits, and achieve better trading profits in less time.

Why am I telling you this?

80% of traders who are just starting out lose money but 20% of Traders make money consistently.

Some of these successful traders make a small amount of money, while others make millions of dollars… trading the same currencies, during the same times. with the same market conditions.

The high road the financial success has always been entrepreneurship and now, starting and building your own profitable crypto trading portfolio could the the keys to your future.

Over the years I have worked with hundreds of beginning and experience traders in different countries around the world. I’ve created hundreds of videos on YouTube about the cryptocurrency trading markets, and I personally manage three different cryptocurrency holding portfolios.

I’ve created a step-by-step course, videos and learning programs that teaches my methodology for approaching the crypto currencies. And I’ve established growing Forum of people who are actively trading, mining and investing in all aspects of the cryptocurrency markets.

All of these things together, all of the best ideas for starting out with building a profitable cryptocurrency portfolio, and now I’m making them to available to you at low cost, fully supported with audio, video and tutorials to teach you how to become successful at cryptocurrency Trading.

We have created the DigitalCurrencyTraders online university of cryptocurrency trading to show you step-by-step processes that you can follow to increase your trading, become financially independent, and hopefully, become a self-made millionaire.

The DigitalCurrencyTraders online university is designed for ambitious men and women, like yourself, who have two qualities:

First: they are recognize that to earn more you must learn more. The ideal students for DigitalCurrencyTraders realize that their key to the future is the continuous acquisition of learning and skills in business, investing and trading.

You probably know by now that you may not achieve the most success by simply working harder and longer hours. Instead you must learn how to make your money work for you with greater efficiency, effectiveness and profitability.

You must learn how to focus, concentrate and trade markets with a clear and simple methodology for entering markets, reducing risks, and profit taking at the right time.

The only way that you can achieve trading success, is by learning and practicing new strategies and techniques, and applying these techniques to your trading activities – every single day.

The second quality for the ideal all students of DigitalCurrencyTraders University is that they have the self-discipline and self-control and self-mastery to invest at least one hour per week in learning a new skill on how to run their trading more profitably.

As Napoleon Hill once said – self-discipline is the master key to riches

If you have this discipline, or if you can develop it – then your future can be unlimited!

If you are just starting trading, the course with DigitalCurrencyTraders will save you thousands of dollars and many years of hard work in creating the same level of financial success.

All of the information you need to enroll is at DigitalCurrencyTraders.com

But, let me tell you briefly what you get if you were a student of our Cryptocurrency Trading Course.

First of all you will participate in a structured learning program built around a series of practical, proven methods, techniques and strategies that you can use immediately to improve your cryptocurrency trading success.

You will learn how to find trade entry points faster and easier

You will learn how to boost your Revenue and your profits

You will learn how to reduce risks and cut losses

You will learn how to make better decisions and how to operate your trading at the highest levels of efficiency.

Each lesson takes less than one hour to complete. You can move the program faster or slower as you choose: some students take 1 lesson per week, and other students take 1 lesson per day. It’s up to you. It’s completely self-directed learning.

In addition, with your enrollment in these internet-based cryptocurrency learning programs, you will receive access to recommended books, articles and live weekly trading video hangouts that reinforce and support what you are learning in the course.

Within a few weeks, or even days, you will be making better decisions, taking more effective actions – and getting better trading results than you ever thought possible.

You will learn how to double your trading stake, and double it again.

You will get insights, ideas, and so-called secrets of success, practiced by the most successful people in trading – large or small.

The courses at DigitalCurrencyTraders University are inexpensive and based on years of practical experience with hundreds of trades. Each course and each lesson in each course is focused on helping you to get immediate, measurable, financial results.

At DigitalCurrencyTraders University, you get the equivalent of a practical MBA in effective cryptocurrency trading methodologies!

Once you’ve completed the core courses, you will be able to graduate and move onward to implementing what you have learned in our courses in cryptocurrecy trading, money management and personal productivity.

Or you can start with low risk daily interest investments, and see your equity increase and begin compounding immediately.

When you are finished each step of the program – you also receive access to specialized sections of the private forums with additional examples with Q and A to support what you are learning in each step of the course.

Many of my students and followers worldwide, have reported improved results after joining LumbrigeCity seminars and training sessions and listening to the training audio and videos.

Many people have increased their trading success, simply by attending the courses and watching the videos.

Now, all of the best ideas that I’ve developed in more than 200 videos about the cryptocurrency markets over the past years, after conversing with hundreds of other traders and building an audience of thousands of people online – all of the best ideas are available to you at your fingertips, anytime, anywhere, on demand, at DigitalCurrencyTraders University.

If you are truly serious about your financial future… if you would like to learn how to build a successful cryptocurrency trading portfolio… if you would like to achieve high levels of trading profitability…

come to DigitalCurrencyTraders University today and and enroll.

These easy-to-take, easy-to-learn, internet delivered programs will give you the critical skills you need to achieve any Financial goal for yourself.

You don’t have to take my word for it.

Come to DigitalCurrencyTraders and take one of the free mini-training courses: ‘How To Trade Crypto Like a Rockstar’, or,’ How To Earn Free Bitcoin With No Investment’ – and get started today.

If you are just thinking about starting to trade cryptocurrencies, take the three part mini-training series. In it, you’ll learn just how big this opportunity is, you’ll find out about the extreme danger in crypto trading, and discover two different set-and-forget trading strategies to ensure you don’t miss out on the next big wave.

This special series of training videos has been attended by students worldwide to discover the opportunities, learn about the dangers of getting involved, and the opportunities for profit by investing in cryptocurrency.

If you are starting out learning about Bitcoin and you have no money – come and take the free course on how to earn free Bitcoin with no investment. I reveal the top four ways that I consistently earn passive bitcoin every single day. As a bonus you will also learn how to invest those small earnings and earn daily compound interest on them. Even more importantly, I’ll share the three financial gurus that changed the way I thought and felt about money, and started me on my personal life-long journey to greater wealth and prosperity.

Each of the free mini-training courses could provide the keys to transform your success.

You can download either, or both of these free video training series at no cost or obligation.

If your goal is to achieve financial independence and even become a self-made trading or entrepreneurial millionaire in the months and years ahead, then come to DigitalCurrencyTraders University and let me show you exactly what you need to do to increase your trading success and to build and maintain a highly profitable portfolio.

Prove it to yourself, come to DigitalCurrencyTraders.com, take one of the free courses, and see how you can improve in each area of your Trading.

And if you find these materials helpful, then the next step may be to enroll in the DigitalCurrencyTraders online university of cryptocurrency trading and begin moving towards the financial success that you deserve and desire.

The Main difference between success and failure is decisiveness.

Successful people get the facts, make a decision – and take action. The keys to your future is through knowledge, skills and continual learning. DigitalCurrencyTraders University is the fastest and easiest way for you to get the skills you need. Please take action today.

This is Douglas Lampi

Thank you for listening.

I look forward to working with you towards your financial success in the future.

Republished with permission from http://www.lumbridgecity.com/intro-podcast-for-digital-currency-traders/

[bitcointraders]

CryptoCurrency Courses Where You Earn Points For Learning - Post on LumbridgeCity

CryptoCurrency Courses Where You Earn Points For Learning

Now our CryptoCurrency Courses provide a way to earn valuable points that you can redeem for bonuses, discounts – and even for real bitcoin.

http://digitalcurrencytraders.com

Open-Path CryptoCurrency Course Modules

This year, our focus is to “open up” the learning experience and allow students to choose their path.

We feel that online learning is at its best when you can select your content in a way that is flexible, yet structured – and at the same time, provide incentive and rewards for completing each component.

With the new upgrades to our courses, we have now assigned a number of points that you will earn after finishing each mini-course and training program.

As you complete more courses, you accumulate more points.

This is where it gets interesting…

You can redeem your points for a discount code for any of the paid courses. Points can be combined to achieve deep savings!

You can redeem your points for instant-access bonuses.

You can redeem your points for part ownership in our publicly traded Asset Shares!

You can redeem your points for cold hard bitcoin.

Free CryptoCurrency Courses for Beginners

Fantastic support and training for youth and beginners to Bitcoin and CrytpoCurrencies. It can be a steep learning curve, and these short free courses will get directly to answers that help you understand this opportunity – and get results.

In-Depth Course: How to Invest and Trade CryptoCurrencies

After you have completed the free training and earned your bonus points – you may have a different perspective about the shear MAGNITUDE of the opportunity before us… the opportunity to earn unthinkable returns.

You can use your bonus points to attain a discount code for the Digital Currency Trading Course and Community, or other options that best suit the next steps in your path toward wealth building.

Republished with permission from http://www.lumbridgecity.com/cryptocurrency-courses-where-you-earn-points-for-learning/

[bitcointraders]

Poloniex Profit/Loss Tax Reporting Made Easy - Post on LumbridgeCity

Poloniex Profit/Loss Tax Reporting Made Easy

Poloniex Profit/Loss Tax Reporting on your Bitcoin and Digital Currency holdings is more than just exporting the Trade History and Lending history spreadsheets from Poloniex… This kind of accounting is complicated, especially after thousands of trades across dozens, or even hundreds of different digital currencies!

The EASY way Track and evaluate your Poloniex Trade Profits and Losses, and easily create a full reports you can attach to you Tax Return.

CoinTracking: Track up to 200 trades for free – AND – get a nice 10% discount for all Account Upgrades.

It would take an unknown number of hours for a bookkeeper to manually calculate and report the gains or losses made for each individual trade, converted to Canadian Dollar, my local fiat currency.

Track Your Poloniex Profit/Loss

Knowing that thousands of other traders are facing this same dilemma every year at tax time, I’m very happy to share the CoinTracking Profit/Loss Portfolio Monitor and Tax Reporting Tool for over 4000 Digital Currencies.

This online cryptocurrency trade tracking and tax reporting software is available in many languages, and can adapt to the laws, financial statements and forms of different countries.

Profit/Loss Portfolio Monitor

Interactive charts for trades and coins

Calculation of key indicators

Profit / loss, coin value & balances

Realized and unrealized gains

The Portfolio Manager Dashboard contains quick links to the main data about all your trades and holdings:

· Trade Statistics

Profit / loss and total value for all currencies in CAD

· Trade List

All your CoinTracking transactions. Click on the blue plus in a line to display additional details. Use the search or the advanced search to find specific trades.

· Trade Prices

A list of all trades with the respective converted trade price in BTC and CAD on the time of each transaction. Useful for miners to get the Fiat prices for each deposit.

· Current Balance

The current balance for all currencies you own, including your total amount, your current value in CAD and BTC and the market price.

· Daily Balance

All currencies value by day in CAD

· Balance by Exchange

All currencies with their amount and value grouped by Exchange or Trade-Group. Trade-Groups can be set on the Enter Coins page by switching the table view to “Extended”.

· Balance by Currency

Details for all your coins and currencies including trades, amounts, values and volume, grouped by month or by year.

· (Un)realized Gains

Current unrealized and realized gain calculation for all your currencies including a coin-grouped summary. Unrealized gain is the amount you would get today if you sell all your coins. Realized gain is the amount you’ve already achieved with your sales.

· Average Purchase Prices

Shows you whether you would be at a profit (indicated by the color green) or a loss (indicated by red) if you sold those particular coins.

· Short & Long

Calculation of tax-free coins (Long) and taxable coins (Short) for a specific date and period by FIFO.

· Fees

All your trades that include a fee, including the calculated fee value at transaction and the current fee value.

· Double-Entry List

All transactions including deposits, withdrawals and fees, split according to debit and credit. Use the search to filter individual types, such as fees or sales.

Tax Reporting Tool

CoinTracking will calculate all your trades exact to the cent and prepare them automatically, so that they only have to be attached in the tax return for Tax Declaration.

Canada CRA and United States IRS compliant with variable parameters for all countries.

Generate a Capital Gains Report in a format that is already prepared for accountants and the tax office!

As I’m learning more about reporting bitcoin investments for tax purposes, and starting conversations about CRA in Canadian Bitcoin Forums, I want to learn if the ‘tax-free coins’ classification applies within Canadian Tax Law.

Frequently asked questions about Bitcoin and Taxes

I bought some things with Bitcoins directly, do I owe taxes?

When doing my Taxes, do I have to report every thing I buy with Bitcoin?

I have not liquidated any of my Bitcoin so I did not report any capital gains on any of my crypto holdings on my taxes. Am I am breaking the tax laws?

Be sure to check out https://bitcoin.tax/faq for answers to these and other questions about bitcoin.

Daily and Realtime Poloniex profit loss reporting Automatically calculate profit loss on poloniex Poloniex trade reporting – Beyond Export Complete Trade History.

Disclaimer: The information I provide is for general information purposes only. Please read our Terms. In addition to educating yourself with articles like this, you should always seek advice directly from a trusted professional before making any decision or taking any action on accounting, tax and financial matters.

Republished with permission from http://www.lumbridgecity.com/poloniex-profitloss-tax-reporting-made-easy/

[bitcointraders]

How to compare traders and make the best your trade manager. - Post on Lumbridgecity

How to compare traders and make the best your trade manager.

Learn more about 1Broker

How to compare trade managers and select the best trade manager. How to set your account to automatically follow their trades.

Selecting the best trade manager tips:

View their trade history and

– see what is their biggest drawdown – find out how long each trade is held – learn what leverage the traders is using – get an idea of their daily or weekly trade frequency.

When you find a good trader to follow, set your account to automatically copy trades, with a given trade size – up to a maximum number of trades per day.

See this video for more details on how to copy the most successful traders.

Once you have found a few good traders – they can act as trade managers and your account will copy them, and automatically follow trades. If they profit, you will also benefit financially from their research and experience.

Republished with permission from http://www.lumbridgecity.com/compare-traders-make-best-trade-manager/

[bitcointraders]

The One Secret Pump and Dump Groups Don't Want You To Know - Post on Lumbridgecity

The One Secret Pump and Dump Groups Don't Want You To Know

Free Mini-series teaches the dangers of pump and dump groups. Learn two set-and-forget cryptocurrency investment strategies.

Sign up now for the FREE mini-series classes that could be the KEYS TO transform your SUCCESS in digital currency trading!

Register at DigitalCurrencyTraders.com

Hi my name is Doug. I created the LumbridgeCity Youtube Channel, produced over 250 videos in the last two years all about digital currency trading.

And today I’m producing a mini-series of five minute videos intended to help new beginners learn about digital currency trading.

Did Whey Protein Really Cost Me 4.8 Million Dollars?

The first video is to help you really realize how important this opportunity is. To illustrate, I tell a tragic story of how I spent a thousand dollars on whey protein supplements – and it ended up costing me more than 4.8 million dollars…

…those of you who understand Bitcoin’s history will feel my story for sure.

Pump and Dump Groups Deny This Completely

The second video is to teach you about the dangers that are involved in digital currency trading. I reveal the one secret that pump and dump group leaders don’t want you to know.

Set And Forget A Small Digital Currency Holding

And the third video is going to show you two different set-and-forget trading strategies that you can use. Be sure that you don’t miss out on the big changes coming to how money is used around the entire world… now that Bitcoin and digital currencies are moving in.

Register at DigitalCurrencyTraders.com.

Become successful at cryptocurrency trading.

So thanks again for watching I want to see you on the inside

Put your email address in and sign up for the 3-video mini-series that really could be the keys to transform your success in digital currency trading.

Thanks again!

I’ll see you on the inside.

Republished with permission from http://www.lumbridgecity.com/one-secret-pump-dump-groups-dont-want-know/

[bitcointraders]

How to copy successful bitcoin traders - Post on Lumbridgecity

How to copy successful bitcoin traders

Live Video Tour of the new upgrades to the 1Broker Trading Platform, demonstrating how the trade copying option works.

Review public trades and follow the comments and find out what other traders are doing. View success rates, trade histories and more. If you find a trader with a good success ratio and trading style you like – you can set your funds to follow this trader. Their success is your success!

Live streaming review http://lumbridgecity.com/1broker

Reddit update:

1Broker Platform Update – A New Era Begins

Use Bitcoin to trade world markets on 1Broker. Tutorial on how to copy other successful bitcoin traders.

From 1Broker

It is no longer possible to copy individual trading ideas. Instead we switched to a user-based system where traders can be automatically copied with a fixed amount. We are extremely excited about this change since it allows successful users to build a stable followership easier than ever before. By utilizing our traditional reward system for copied trades you can efficiently monetize your knowledge and experience.

In other words – if you are a consistent trader who wants to maximize the earnings of your trading – then building a large following of trade-copiers will produce additional income from the success of your trades, without the additional drawdown for your unsuccessful trades! With a proven track record, you can greatly increase your effective leverage in your favor.

Transcript from the video

Now you can put your trading on autopilot and copy successful traders over on 1Broker.com

Let’s take a look at the platform update announcement over here on reddit that was posted just today where they are telling us is no longer copy to no longer possible to copy individual trading ideas but instead they’ve switched to a user based system where traders can automatically copy with any fixed amount.

The option to copy successful bitcoin traders is beneficial;

to people who are looking for guidance in their trading and some ideas

to people who want a diversified set of proven portfolio managers

and it also provides benefit for people who are really good trading – especially after they have build up a large audience of followers

The new platform updates on 1Broker permit us look at the popular traders and the most successful traders and see how many people are copying them.

With this update, we can start zooming in now and see which currencies these people are trading; Forex or crypto? Or are they trading stocks?

You can get right into the individual trades that they’re doing and start to look through their trade history and get an idea of – not just their success rates – but their trading style… when they enter the market, when they exit the market… how long to they hold their trades?

Options For Copying Other Traders

When you’re going to copy a trader the options permit you to set the maximum number of trades per day that you’ll follow, and the amount of US dollar value that you’ll follow them with… then you automatically copy all of their trades up to your maximum number of trades per day.

Benefits Of Copying Successful Traders

As a follower you could, perhaps, copy three or four different top traders and diversify your investment strategies – letting them do all the work and you benefit if they benefit.

Greater Earning Potential For Skilled Traders

If you’re a successful trader this is a way to increase the leverage on your profitable trades while limiting the exposure on your failing trades. Because you share the profits of the the profitable trades for all the copiers but the copiers take the full amount of the trades if they end up being a loser.

With a large following, you are essentially growing a method of built in risk control for your portfolio – because you will always have a larger position on when you are correct, and a smaller position on when you are wrong.

Register at 1Broker and start to copy successful bitcoin traders – or build your own following!

Republished with permission from http://www.lumbridgecity.com/copy-successful-traders/

[bitcointraders]

Become Successful At Crypto Trading - Post on Lumbridgecity

Become Successful At Crypto Trading

New for 2017: In-Depth Investor Classes That Will Transform Your Crypto Trading In 3 Days.

This Is The Place Where Investors And Cutting-Edge Speculators Come To:

Turn investments into empires with cryptocurrencies.

Build an ultra low-risk income portfolio with cryptos.

Get community support to improve their trading success.

We have developed a series of online courses to turn new traders into successful investors with the following approach:

  Exclusive Training

Our course content includes practical easy-to-apply trading signals, matched with tons of examples to help you on your journey.

Coaching Hangouts

We run regular weekly live hangouts during our courses to make sure our students are implementing and overcoming any roadblocks.

Crypto Trading Community

We have an active private study group in our forums, exclusive to our students filled with real-time answers, resources and support.

Bonuses

We believe strongly in delivering over and above what we promise, so we pack our courses with bonus webinars, guides and resources to help our students fully rock!

MYCRYPTOEMPIRE

Gain the skills to be a rockstar crypto trader and build an empire from your starting investment.

JOIN THE WAITING LIST

Take this change to elevate your trading.

SIGN ME UP NOW

Republished with permission from http://www.lumbridgecity.com/become-successful-at-crypto-trading/

[bitcointraders]

Maximum Leverage Trading with Bitcoin - Post on Lumbridgecity

Maximum Leverage Trading with Bitcoin

I’m excited about high leverage trading of commodities markets with Bitcoin.

In this video, I show some live trading trying out 100x margin trade limits with a position in Gold, Silver and 50x leverage trading in a small Oil Trade.

Warning – Maximum Leverage Trading is not recommended for speculators, but exists for large scale commercial hedge fund managers. 80% of traders lose money in leveraged trading.

Watch the video below:

Check out 1Broker http://lumbridgecity.com/1broker

Republished with permission from http://www.lumbridgecity.com/maximum-leverage-trading-bitcoin/

[bitcointraders]

100 Percent Profit Trading Cryptocurrencies on Poloniex - Post on Lumbridgecity

100 Percent Profit Trading Cryptocurrencies on Poloniex

How I made 100 Percent Profit in one month with just a few minutes of work, Trading Cryptocurrencies on Poloniex. Watch this three minute video:

Maidsafe Technical Analysis

Trading Cryptocurrencies on Poloniex.

This Maidsafe trade was base on the trading signals taught in our course on crytpocurrency trading, and included consideration of the maidsafe marketcap when reviewing the Maidsafe Price Charts.

Additional Profits At The End

Profits were increased another 2% by lending cryptocurrency to margin traders.

Wonder What is Maidsafe coin? Find out more about the Maidsafe and the safe network.

Many speculate – will maidsafe coin go up? or will maidsafe go down?

I’ll be holding and lending for a while longer yet.

Republished with permission from http://www.lumbridgecity.com/100-percent-profit-trading-cryptocurrencies-poloniex/

[bitcointraders]

1400 Percent Gain Trading Boolberry on Poloniex - Post on Lumbridgecity

1400 Percent Gain Trading Boolberry on Poloniex

Profits made Trading Boolberry on Poloniex. [Video] Demonstration that anyone can start trading on Poloniex, begin micro-trading small positions to build the habits of growing your money.

Sponsored by http://digitalcurrencytraders.com

Trading On Poloniex

Is this a good time to invest in boolberry? Is boolberry going up higher? It may turn out this was the best cryptocurrency to invest in but the time to get into the market has passed.

How to mine boolberry

After you set up your boolberry wallet, you can mine boolberry at home with a GPU Graphics card on your gaming computer.

Lee from iMineBlocks channel produced this tutorial video on how to mine boolberry

Republished with permission from http://www.lumbridgecity.com/1400-percent-gain-trading-boolberry-poloniex/

[bitcointraders]

How Much Bitcoin Can You Earn GPU Mining? - Post on Lumbridgecity

How Much Bitcoin Can You Earn GPU Mining?

Is GPU Mining Profitable in 2017? In this video, I demonstrate projected monthly bitcoin earnings using the NiceHash Miner for Windows.

Card: EVGA GeForce GTX 1050

Best Selling Computer Graphics Card on Amazon – may not be the best GPU Card for cryptocurrency mining profits.

These screenshots show how much I am earning each day – GPU mining with this low cost card. Estimates are about $0.50 per day.

Learn more about how much your computer could earn mining bitcoin – benchmark the speed of your computer CPU or GPU Graphics card and estimate how much you could earn each day mining bitcoin.

Is it better to buy hashing power? Or is it better to have your own mining rig and sell hashing power?

Link to my collection of the best Mining Rigs and Mining Rig Parts

http://digitalcurrencytraders.com/shop

Republished with permission from http://www.lumbridgecity.com/much-bitcoin-can-earn-gpu-mining/

[bitcointraders]

How to Short Bitcoin at 5x Leverage - Post on Lumbridgecity

How to Short Bitcoin at 5x Leverage

Wondering Where to Short Bitcoin? This clip will show you how to use 1broker to short bitcoin at up to 5x leverage.

More on How to Short Bitcoin: http://lumbridgecity.com/1broker

Republished with permission from http://www.lumbridgecity.com/how-to-short-bitcoin-at-5x-leverage/

[bitcointraders]

The Best Bitcoin Mining Hardware ASICs - Post on Lumbridgecity

The Best Bitcoin Mining Hardware ASICs

There is still room to make money mining bitcoin, but you need to buy the best Bitcoin mining hardware and have access to cheap electricity in order to compete in 2017.

If you were to start out today with an older, less efficient bitcoin miner – it may take several years to break even on the cost of the equipment plus the cost of electricity – even if you are working with the largest mining pools.

Speed and Power Usage Measure Efficiency

It is not simple to calculate the profitability of bitcoin mining because one must consider the initial equipment cost, your local electricity cost per kW/h, the price of bitcoin, and the current mining difficulty. It’s also good to consider a 2.5% pool mining fee as well.

Mining Business vs Mining Investor

Should you need to sell the bitcoin you mine, in order to pay for electricity, then short term margins are important. Businesses who borrow money to set up a mining farm – must make monthly payments to cover costs and repay business loans.

If you are an individual paying for electricity as a way to convert fiat money into new bitcoin as a long term investment – then the short term RIO is less important.

Indeed, should bitcoin price reach the lofty predictions of $10,000 USD each, then fussing about differences in mining efficiency within the best 2017 models below – is almost inconsequential.

  The 3 Best Bitcoin Mining Hardware ASICs for 2017

Bitmain AntMiner S9 – In May of 2016, Bitmain launched the Antminer S9, the world’s first consumer-grade bitcoin miner based on a 16nm process ASIC chip. Still top of the technology in 2017, the 16 Nanometer (nm) semiconductor chip is the most efficient on the market. Some technology pundits predict this chip technology will remain the best mining chip for 2017 and 2018. 14 nm chipsets are under development, but these may take years before they are production ready.

Bitmain AntMiner R4 – Using the same 16nm chip technology, each Antminer R4 delivers more hashrate and efficiency than any bitcoin miner except the Antminer S9. This miner is quiet enough to use at home, efficient enough to compete, and withing the cost range of a home hobby miner.

  AvalonMiner 721 – released in November of 2016, employing TSMC’s 16nm processor with Smart Layout – this miner is a strong rival to Bitmain. Established with large data-center mining farm application in mind, the AvalonControler can manage twenty miners to provide 120 TH/s hashrates.

  Our Mining hardware shop is limited to feature only the very Best Bitcoin Mining Hardware for sale in 2017.

Many other used miners are available on Amazon and eBay – but these units are too inefficient. These older bitcoin mining hardware are for sale because they can no longer compete with the growing mining difficulty, and successful miners are upgrading to the best hardware.

  Alternatives to Buying Mining Equipment

If you don’t want to run the actual mining hardware yourself, you can purchase a cloud mining contract with Hashflare or rent massive hashing power with NiceHash.

  Republished with permission from http://www.lumbridgecity.com/the-best-bitcoin-mining-hardware-asics/

[bitcointraders]

Comparing Three Bitcoin Hardware Wallets - Post on Lumbridgecity

Comparing Three Bitcoin Hardware Wallets

How Do Bitcoin Hardware Wallets Work?

Bitcoin cold storage on a hardware wallet, and soft(hot) storage with an online wallet – do not actually store your bitcoin. Your bitcoin wallet simply stores your private keys that control access to your bitcoin. Cold storage refers to a method to store the private keys to your bitcoins offline. The actual Bitcoins, or any other cyptocurrency, remains in the virtual space – tracked on the blockchain. You can access your specific bitcoin when your wallet verifies your private keys.

Most online wallets that exist on phone apps and computers are connected to the internet, and this always causes a risk of exposing your private keys to a hacker, who then can use your private keys access your bitcoin.

Below we list three Bitcoin hardware wallets that will keep your private keys secure. Even when you connect the hardware wallet to a computer to make a transaction, your keys are still blocked from being seen. If you plan to hold your bitcoin investment securely – take the time and learn how to use a hardware wallet. Computer hackers are getting smarter all the time. Take the necessary precautions with your bitcoin investment.

  KeepKey: the Simple Bitcoin Hardware Wallet

KeepKey is a USB device that stores and secures your bitcoins. When you entrust KeepKey with your money, each and every bitcoin transaction you make must be reviewed and approved via its OLED display and confirmation button. It now becomes nearly impossible for virtual attackers like malware or viruses to steal your valuable bitcoins.

Ledger Nano S – Cryptocurrency Hardware Wallet

Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.

TREZOR – The Bitcoin Safe

TREZOR The Bitcoin Safe – The Hardware Bitcoin Wallet – A step in the evolution of Bitcoin towards a completely safe payment system. TREZOR Brings Peace of Mind. Ultimate security – No matter how unprotected your computer or internet connection might be, your coins always stay safe with TREZOR as it never exposes your private keys.

Republished with permission from http://www.lumbridgecity.com/comparing-three-bitcoin-hardware-wallets/

[bitcointraders]

Four Of The Best CryptoCurrencies For January 2017 - Post on Lumbridgecity

Four Of The Best CryptoCurrencies For January 2017

The price of this coin did not go down much during December 2016 while bitcoin was mooning – and now shows pattern for a break higher.

In an uptrend for the month of January – this could be the best cryptocurrency to invest in because of its low price per coin.

After the december down trend – this coin is showing a nice break higher on strong waves of buying.

Another classic 1-2-3 bottom formation with the moving averages crossing over as a trend change confirmation.

Join our private members forum for trade commentaries on the best cryptocurrencies for 2017

Republished with permission from http://www.lumbridgecity.com/four-best-cryptocurrencies-january-2017/

[bitcointraders]

Mining Ethereum On A Home Gaming Computer - Post on Lumbridgecity

Mining Ethereum On A Home Gaming Computer

Comparing an Ethereum Cloud Mining Contract with Ethereum GPU mining on a desktop computer.

For the past year I’ve been experimenting with mining ethereum,  I bought a 1 year Ethereum cloud mining contract with HashFlare – and have been studying how to buy hashing power from mining pools on the hashpower exchange called NiceHash.

1.4 MH/s daily ethereum cloud mining earnings.

All of my mining research was focused on renting hashpower from someone who manages the hardware – assuming that it is too complicated to set up and manage the special mining rig computers, that it was too costly to buy a good mining rig, and that the return on investment was more than a year away…

Getting Started Mining At Home

Early 2017 I focused on studying the ‘bitcoin mining tutorials’ and ‘how-to mine ethereum’ videos from the most well-known youtube channels. Several of the best mining hardware setups revealed how to set up computers to mine cryptocurrencies. I watched dozens of hours of walk-through videos and even blogged my own unique tutorial on a DIY ethereum and monero mining rig that outlined the hardware recommended in the step by step guides for using GPU Graphics cards as a mining machine.

The List Of Mining Rig Parts

Then I created my own shopping list of recommended parts for a DIY cryptocurrency miner – detailing everything I would need to build a GPU mining rig at home, so I could mine Monero, Ethereum and many others.

Finally I started reviewing complete and assembled GPU Mining Rigs that are turn-key with software installed, ready to plug in, select a mining pool, and start earning.

The more I researched – the more I discovered some of the best GPU Cards for the most efficient and profitable ethereum GPU mining.  All of the product reviews on Amazon contained questions and answers about testing how much power is used.  No matter if it was Motherboards, Power Supplies or the GPU Graphics card – every watt is critical in improving profitability.

Installing The Most Economical Card

My first step into mining was to order a low-cost, best-selling GPU Graphics Card.  The card and software drivers installed easily into my computer, and in minutes I was churning out 6 or 7 MH/s of GPU mining hashpower, and earning Ethereum with my home computer.

Starting With The Easiest Mining Pool

I have been familiar with MinerGate for a while, and found they now have a free download with a Smart Miner.  It installed quick, and it was easy to de-select from the range of coins that it can mine, and have it focus only on earning Ethereum and Monero.

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Benchmarking the Hashing Power for Ethereum (7.4 MH/s) is quite different than the Hashing Power for Monero (240 H/s) – and I am now experimenting with calculating the profitability for each of the two different currencies.  Watch for updates on the Forum.

How Does Cloud Mining Compare To GPU Graphics Card Mining?

I don’t have all the true data to compare correctly yet.  I do not have a Watt Meter to measure exactly how much electricity I am using per MH/s of mining power.  My 7.4 MH/s is certainly earning more per day than my 1.4MH/s cloud mining contract – and I would expect that – I have not yet subtracted the daily cost of power, so I can’t compare them properly as yet.

7.4 MH/s daily ethereum GPU mining earnings in 2017.

Learning From A HashPower Rental Service

Renting hashpower remains an area of continued study for me.

The various mining algorithms are complicated. Bidding to rent hashing power – and actually make a profit – takes some careful study and calculations. As I watch and study the markets of buying and selling hashing power, I was reading carefully through NiceHash….

I found that NiceHash also provides a GPU Farm Rental Service. NiceHash allows you to rent physical GPU miners through certified third-party GPU farm providers.  That is, you rent the mining rig at a flat monthly rate, rather than bidding for hashing power in an open market.  Perhaps a more interesting angle is that you can also work with NiceHash to become certified as a third-party GPU farm (if you have 50+ rigs to rent out… more on that later), thus earning a flat monthly income for running the rigs, no matter what the profitability might be for earning cryptocurrencies.

Plans For Expanded CryptoCurrency Mining in 2017

Cloud Mining

Home-Based Mining Hardware

Renting Hashpower

Providing Mining Rigs For Rent

In addition to the classic process of providing hashing power to secure the network of blockchain data for each different cryptocurrency – we have the option to provide hard drive space and earn digital currencies.  These passive earning centers can be included with home-based mining rigs – and will become a greater part of the reporting and studies in this blog.

Burst, StorJ DriveShare, SiaCoin Cloud Storage and Maidsafe Farming are the best known.  Preliminary results have been promising. More details are coming – find more information on the forums.

After Mining Ethereum – Earning Compound Interest

The profitability of mining ethereum or monero, etc, generally considers just three things:

the price of the coin today,

the network hashing difficulty today and

the cost of electricity today

Assumption A: the price of these coins could go up in a growth pattern similar to Bitcoin. Assumption B: hashing difficulty will increase in the future, these are the best days to mine.

I agree with these assumptions – but few people also talk about the process of mining coins, keeping them, and growing them.  Many people talk about long term holding – and some people just mine and sell for the profits today.

I want to focus on including the power of compound interest in addition to the long-term strategy of holding for 3 to 5 years.

And so I’m focused on mining coins that have a lending market on Poloniex – and while I experiment a bit with the Poloniex Lending Bot, I’m finding that our manual style of Advance Lending Strategy (taught in our CryptoCurrency Trading Course) is out-performing the auto-lender.

  Republished with permission from http://www.lumbridgecity.com/mining-ethereum-on-a-home-gaming-computer/

[bitcointraders]

Getting Started GPU Mining Ethereum on my Home Computer - Post on Lumbridgecity

Getting Started GPU Mining Ethereum on my Home Computer

When I was getting prepared to start mining ethereum, my first question was how can I choose the best GPU to mine Ethereum with?

How would I know the speed of Ethereum mining GPU’s vs their energy usage so I could calculate the potential profits?

Researching The Best GPU Mining Cards

I started my research on how to start mining Ethereum on your GPU Graphics Card on my Windows 64 bit home computer – and compared the stats of many different GPU cards that were recommended by crypto-mining specialists – so I could narrow down and find out which is the best Hardware for Mining Ether. (If you are new to the concept of mining digital currencies read more about Mining Ethereum.)

As I researched how to build an ethereum mining rig, I considered three important aspects: the cost of the card, the energy usage, and the hashrate – which must be considered in order to determine the ROI.

Ethereum Mining Tutorial

As I’m new to mining, I chose to start with an easy-to-use Ethereum Mining Pool with MinerGate. My first experiments were just using my computer CPU – and a few members of our forum started to benchmark their mining hashrates for comparison.

My First Ethereum Mining Hardware

I started with the EVGA GeForce GTX 1050 because it was the Amazon #1 Best Seller in Computer Graphics Cards, and I figured it would be easily compatible with my home computer.

This card has great performance for the price, and low energy consumption so I did not require a power supply upgrade on my computer.

It was pretty much plug and play. I installed the card and then loaded the drivers from the CD – and immediately started mining with far greater speed than my CPU could perform.

Before the GPU Card, mining with only CPU:

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After the GPU Card, mining GPU and CPU:

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Different Hashing Rates for Ethereum and Monero

As you can see in the screenshots, my new GPU mining hardware achieves about

260 H/s while mining Monero – and

7.4 MH/s while mining Ethereum.

And while I let the computer continue mining – I began to search for a ethereum mining calculator so I could get an idea of how much Ether (ETH) should be mined with my hashrate. While I was able to find a number of different Ethereum Mining Profitability Calculators the estimated profits I would make were still not clear to me. The GPU Mining Scores are helpful in comparing different GPU graphics cards, but without knowing more about my total energy usage of my computer – the details are still a ballpark guess.

Ethereum Cloud Mining Pool vs Home Computer Mining

Some months ago, I purchased about $80 worth of hashing power (which was 1 MH/s at the time) when I was comparing cloud mining pools that was advertising an estimated 150% return on investment. As soon as they had all their rigs online, the network difficulty naturally increased – and the estimated ROI after the one year mining contract is complete, is now somewhere around -50% at today’s price of ethereum. (Good thing I only invested a small test amount of money)

Today, with one simple low-cost GPU Card update (about $170 USD), my computer is mining ethereum at about 7 MH/s.

From the first estimates, I’m expecting the following earnings from my home computer Ethereum Mining Rig:

0.03 Ethereum per day

0.21 Ethereum per week

0.90 Ethereum per month

10.8 Ethereum per year

Is it worthwhile to Mine Ethereum? Or better just to purchase?

At today’s price of $9.50 USD/Ethereum – my mining rig is really not efficient enough to pay for itself in the first year of running. It likely uses too much electricity – and along with the cost of the new ethereum mining hardware – it seems like an overall loss in the first year.

Yet there are a few things to consider to determine the logic of this strategy – first, my home computer is now generating passive income that helps to offset the cost of running a computer that I would be running even if I were not mining. Second, I’m sure that the first people to mine bitcoin were spending what seemed like big investments in computer hardware – but as we know – over time, it has proven to pay back many many times over the initial costs.

Will A Bigger Ethereum Mining Rig Be More Profitable?

Mining Profits are all about the ratio between your hashing power and the total energy consumption – and the value of the coin you are mining.

My home computer is running two monitors, older hard drive, motherboard and now the lower-range performance GPU Graphics Card running at full steam. My thinking is that my first mining rig overall is using much more power per MH/s than I would get when I test the power consumption of a rig that is set up with six top-rated graphics cards with the highest hashrate per GPU, and a motherboard that is not running a separate computer monitor all the time.

Testing different Ethereum mining software

My first ethereum mining pool with MinerGate is the easiest to use – but some reports suggest that my computer will earn faster with a dedicated pool with more efficient Ethereum Mining Software. Watch for updates and reports as continue on my Quest to make money with GPU mining – I will test and report on the ethereum mining profitability using different mining pools.

Republished with permission from http://www.lumbridgecity.com/getting-started-gpu-mining-ethereum-on-my-home-computer/