What are the differences between Siacoin Mining and Bitcoin Mining?

The biggest difference in mining the two crypto currencies is the algorithm they use. Siacoin uses the blake2b algorithm to hash its blocks. This can only be solved with graphics cards. In contrast to Bitcoin Mining, where only the ASIC processors can be used.

Another difference is the difficulty of the mining. Bitcoin now places such high demands on the hardware that a normal person can hardly afford to participate in mining. With Siacoin the difficulty is not yet so high and one does not have to invest so much to be able to earn something from the mining.

What you have to keep in mind, however, is that Siacoin is not yet available for exchange at many exchanges. Bitcoins are much easier to exchange for Euro. With the Siacoin this is even more complicated.

Siacoin Mining – Solo Mining, Pool Mining or Ethereum code?

In solo mining you try to find the right hash on your own. If you are successful, the Ethereum code belongs to you alone. However, you need a very high hash power to find the right hash by chance. For most miners, mining profitability alone is not high enough to recoup the cost of purchase and electricity.

They therefore prefer to join together to form a Siacoin Mining Pool. Here they combine their hash power, which increases the probability that they can successfully mine a new block. The mining pool then also regulates the distribution of the dug coins. However, you should make sure that the pool provider is also trustworthy.

Cloud mining does not require any hardware at all. Instead, you pay fees to a mining provider. This gives you the mined coins for it. Cloud mining is a way to get coins without having to obtain a mining rig yourself or exchange the crypto currency on the Exchanges.

Conclusion on https://www.onlinebetrug.net/en/

Siacoin offers a cloud market on a blockchain basis and thus a promising crypto currency. Siacoin mining can also be worthwhile. Mining is primarily carried out via the graphics cards. For most people, a mining pool is an option in order to really earn something from it.

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Savedroid: Hack, fraud or PR stunt? The whole story

The only thing you found on Savedroid’s website was a meme from the Southpark series with the words “AAAAAND IT´S GONE”. But what is behind it? Was Savedroid hacked, or did the FinTech startup put down an exit scam or is it just a terrible PR stunt?

My Bitcoin trader holiday

The idea behind Savedroid was actually a Bitcoin trader scam. With Savedroid you could save money, for example when a football team wins. And you could set goals. Dr. Yassin Hankir wanted to save for a summer holiday. Why this is interesting, you learn later in this article.

Savedroid Token
On the first of March Savedroid published a medium article. The article deals with how to protect oneself against fraudulent ICOs. The cover picture is again the Southpark-Meme with the headline: “Purchased Savedroid (SVD) Token – UUUUUND IT IS WAY”. Maybe this was the first sign that this was planned from the beginning.

Yassin Hankir – Over and out
Vassin Hankir, founder and CEO of savedroid twittered “Thanks guys! Over and out … #savedroidICO” and gave the impression that he had run away with a total of 50 million US dollars.

The offices were also empty. In this video the offices of Savedroid are filmed. Theo Goodman could not find an employee.

All this indicated that the founder disappeared with the money and put down an exit scam. Angry investors were able to find out the location using the Twitter image. Yassin Hankir was at the Mövenpick Resort in Egypt. Cryptobriefing had found out that. Now he has enough money for his summer vacation.

Terrible Bitcoin revolution?

Robby Schwertner, also known as CryptoRobby, is convinced that this is a PR stunt. However, there is no confirmation for the Bitcoin revolution. At least not until now. A few minutes ago a video appeared on the website Savedroid.de. He wanted to spread an important message with this action: There are so many exit scams and scams in the ICO area and Savedroid wants to change that. For this reason Savedroid used this drastic action. It’s the only way to get people aware of what’s happening with ICOs.

Savedroid wants to introduce ICO standards to protect investors. And of course the CEO introduced the new “business idea” in the video: ICO Advisory.

Investors can be relieved that their money has not disappeared without a trace. But the trust is gambled away. The video is rated rather badly by Youtube users and this “message” will not be well received by everyone.