Why E-E-A-T Matters In Regulated And Sensitive Niches

Pages can influence money, health, and legal outcomes. That raises the bar for accuracy, provenance, and safety language. E-E-A-T helps editors prove that content is written by qualified people, reviewed by peers, and grounded in public facts. It also reduces volatility during core updates because trust signals are baked into structure, not added as decoration.

Signals That Prove Real-World Experience

• First-hand work samples and case notes that show how the author applied methods or tools
  
• Screenshots, data exports, and transaction proofs with dates and redactions where needed
  
• Plain disclosures about limits, risks, eligibility, and jurisdiction
  
• Instructions that match the current interface or policy wording
  

Make experience concrete. Replace generic tips with short walkthroughs, logs, and decision checkpoints that readers can reuse.

Author And Reviewer Governance

Assign clear roles. Every page lists an author with verifiable credentials and a reviewer when policy requires a second set of eyes.

• Author card with name, short bio, and relevant qualifications
  
• Reviewer card for YMYL content with date of review and scope covered
  
• Profile pages that aggregate publications, citations, and affiliations
  
• Change log that records edits, reviewer approvals, and method updates
  

Page-Level Playbook

1. Define the user decision the page supports.
   
2. State scope and assumptions at the top.
   
3. Cite primary sources next to claims, not only in a footer list.
   
4. Add an FAQ that answers risky edge cases users ask about.
   
5. Provide a “How We Test” or “Method” box in the layout.
   
6. End with next actions and safety resources.
   

Site-Level Trust Stack

• Editorial Policy published and linked sitewide
  
• Corrections Policy with a simple form and visible examples
  
• Responsible Use Pages such as responsible gambling, security hygiene, and age checks
  
• Contact And Ownership with real company details, not a contact form alone
  
• Structured Data for Organization, Person, and Review where appropriate
  

iGaming And Crypto Specifics

Regulated markets expect clarity about RTP, dispute contacts, and eligibility. Crypto audiences expect wallet safety, fee explanations, and fraud warnings. Keep both in mind.

• RTP or fairness notes supported by audits or public randomness descriptions
  
• Jurisdiction notices and licensing references with checkable registry links
  
• KYC steps and data retention summaries
  
• Wallet risk basics for new users and links to helplines where relevant
  

Execution often benefits from specialist guidance. If you operate in gambling jurisdictions, coordination with an igaming SEO agency helps align content workflows with compliance, review cadence, and link risk controls.

Content Types That Carry E-E-A-T Well

• Explainers With Provenance: definitions with examples, citations, and short proofs
  
• Comparisons With Methods: scoring rubrics, weighted criteria, and update dates
  
• Walkthroughs: step-by-step guides tied to a named product version or release date
  
• Incident Analyses: what happened, sources, remediation, and user impact
  
• Q&A Hubs: canonical answers linked from support tickets and search logs
  

Measurement And Quality Assurance

Track more than rankings. Measure trust behavior.

• Scroll depth on policy and method boxes
  
• Clicks on citations, registries, and safety links
  
• Time to first answer in FAQs
  
• Correction requests resolved and time to resolution
  
• Author and reviewer throughput with rejections and reasons
  

Run scheduled link risk scans. Replace spun directories and expired domains with primary sources. Maintain a whitelist of authoritative registries, regulators, standards bodies, and academic outlets.

Common Pitfalls To Avoid

• Decorative author boxes with no verifiable trail
  
• Aggregated claims without a single primary citation
  
• Outdated screenshots and mismatched UI language
  
• Boilerplate disclaimers that conflict with local law
  
• Over-optimized anchors inside noncommercial sections
  

Each of these erodes credibility and invites volatility when quality raters or algorithms evaluate the site.

Implementation Roadmap For Editors

Short sprints work best.

Sprint 1

• Publish editorial, corrections, and responsible use policies
  
• Add author and reviewer components to templates
  
• Create a simple change log model in your CMS
  

Sprint 2

• Retrofit top traffic YMYL pages with method boxes and inline citations
  
• Replace weak outbound links and document swaps
  
• Add jurisdiction notices and registry references where applicable
  

Sprint 3

• Launch profile pages for core authors and reviewers
  
• Build a review calendar for high-risk clusters
  
• Ship dashboards for trust metrics and link risk
  

E-E-A-T is a system. When roles, citations, governance, and safety language live in templates and daily habits, trust scales with your publishing. High-risk verticals then earn stable visibility and readers get answers they can rely on.

The post E-E-A-T For High-Risk Verticals appeared first on Nolex.

Why Public Data Clarifies RTP And Odds

RTP is a long-run average, not a promise for the next round. Odds express chance, not certainty. Those two truths land only when readers see evidence. Link to regulator reports and lab certificates that define the test method. Publish slices of anonymized game logs that show wager, outcome, and timestamp. Where provably fair systems exist, include the seed path and a short how-to for recomputation. If a game or market settles on-chain, point to the transaction trail so users can confirm totals without trusting screenshots. The more open the inputs, the less room there is for speculation.

Building A Transparent RTP Method

Start by defining the population you measured and the time window. Make clear whether the figure comes from a certified theoretical model or from observed play. For sampled play, state sample size and the statistic you computed—mean payout per unit wager—and show the standard error so readers expect wobble. Explain volatility as spread around the average. Two games can share 96 percent RTP and feel different, because one clusters small returns while the other pays rarely but big. Give a simple example with equal stakes and equal number of rounds to make the contrast tangible. Readers do not need algebra; they need a fair picture of how results distribute.

Turning Odds Into Understandable Frequencies

People parse frequencies faster than decimals. Translate 0.08 into 8 out of 100. For fractional or American formats, include a one-line conversion and a real-life analogy. Avoid piling formats in the same paragraph. Show a tiny table of “ten trials” and mark how many wins appear at different odds, then note that runs can clump. Streaks are normal in independent trials, and short samples lie. A quick side note about house edge helps reconcile odds with RTP: house edge is 100 minus RTP, which represents the expected share the operator retains in the long run.

Visuals And Narratives That Build Trust

Use small, legible charts. A histogram of observed returns across many sessions tells more than a single headline number. A line chart of cumulative return over time shows how the path wanders before gravitating toward the average. Pair visuals with a short narrative: what was measured, why the curve bends, where a reader should place expectations. Include a caption that names the source, the sample, and the period. If a patch of results deviates sharply, state whether the method changed. Method shifts can mimic performance shifts, so labeling protects readers from false stories.

Minimal Checklist For Editors

• Name the data source, sample size, and time window in the first screen of the article
  
• State whether RTP is theoretical or observed and show the margin of error for observed figures
  
• Convert odds to frequencies once per section and avoid format hopping
  
• Link to certification, regulator, or on-chain records readers can check without special tools
  
• Disclose limitations such as game updates, rule changes, or partial logs
  

Metrics To Monitor And Common Pitfalls

Track scroll depth on method boxes, clicks on proofs, and replay of short verification videos. If readers skip method content, simplify and move it higher on the page. Watch for claims that drift from certified figures after an update. Audit outbound links so evidence points to stable sources rather than thin mirrors. The most common pitfalls are mixing theoretical RTP with recent-streak anecdotes, presenting odds with no base rate, and using graphics that exaggerate tiny differences through chopped axes.

Public explanation improves with practice. Write for users first, then for auditors. Keep numbers tied to sources, keep visuals honest, and keep the method repeatable. Teams that study crisp editorial frameworks, including playbooks referenced by seoigaming.com, tend to standardize language and reduce ambiguity across articles. When the audience can retrace your steps, RTP and odds move from marketing claims to shared facts.

The post Public Data To Explain RTP And Odds appeared first on Nolex.

You can make a financial gain by selling your items on the market, exchange, or auction. In these games, value is determined either by rarity and importance to collectors, or by their usefulness in the game.

The number of NFT games is currently inferior to that of classic toys. However, this industry is gradually growing and now we can name the top NFT games that are in demand among players.

Top 5 NFT Games to Earn Cryptocurrency

Axie Infinity

Today, this game is one of the top three most popular by number of users. In many ways, the meaning of Axie Infinity is based on the Pokemon series of games, but it is supplemented with its own blockchain. Participants buy and breed virtual pets – Axies, created on the basis of NFT and fighting with other players. Each pet has its own genetic imprint. Based on this, the offspring of Axies is built, which can be bred.

There are three main ways to earn NFT game cryptocurrencies in Axie Infinity:

1. By emerging victorious from battles with other players, you can earn in-game currency SLP and trade it;

2. by breeding new Axies and selling them on the game’s NFT marketplace;

3. by purchasing existing game characters and renting them out.

Splinterlands

This game is included in the NFT games rating as one of the most promising in terms of earnings. Its essence is as follows: players defeat monsters and receive a reward for each successful battle. The game mechanics are built around NFT cards, combining which, users can improve the skills of their characters.

There are two main ways to use NFT games to make money:

1. completing quests and participating in tournaments;

2. investing in unique combinations of game cards and reselling them on marketplaces.

In Splinterlands you can start getting rewards without investments, but to do this you will need to spend 3-4 months to collect a strong combination of cards.

Plant vs Undead

Another digital hobby that made it into the NFT games for earning money rating. Its essence is as follows: the player needs to protect the main tree from zombies that are trying to destroy it. You can provide protection by planting special combat plants.

After a repelled attack, the player receives in-game tokens (PVU). They can be used to buy new plants and upgrade characters, as well as trade them on the exchange.

There are three main ways to earn money:

1. receiving PVU for successfully repelling zombie attacks;

2. sale of combat plants that have been pre-grown and upgraded;

3. receiving tokens for caring for other people’s plants.

Alien Worlds

This is a game application that encourages cooperation between participants in the exploration of other planets and simulates competition in the economic sector. The internal game token is Trilium (TLM). It is needed to gain access to virtual processes and management.

You can earn money in the game in the following ways:

1. participate in battles;

2. complete in-game tasks;

3. sell existing NFTs.

Lost Relics

This action RPG is considered one of the most famous NFT games. It has a large number of digital items. In the game, you need to fight monsters, complete quests, invade dungeons, collect as many rare trophies as possible and get income from it.

There are two ways to monetize your gaming efforts:

1. receive rewards for completing game tasks;

2. sell rare relics to other players.

How much can you earn from NFT games?

It is impossible to answer unequivocally how much you can earn in such games. Everything depends on the game itself, the user’s activity, his gaming skills, the chosen method of earning and much more.

Taking Axie Infinity, one of the top NFT games, as an example, the average character set costs around $2,000. Playing for a month with these additions will earn you around $1,200.

The Prospects of NFT Games

Despite the fact that the gaming industry is actively developing, has many fans around the world and is acquiring new players every day, there is no clear answer to what the future holds for NFT games.

On the one hand, an exciting and profitable industry where free NFT games give ordinary players the opportunity to earn money has every chance of surviving for a long time. In addition, developers have a unique opportunity to create a system using an in-game economy, which, if carefully developed, can bring considerable profits.

On the other hand, the excitement that exists today around NFT may end as quickly as it began. The value of such tokens looks ambiguous, which makes it impossible to accurately state the direction of their further development. There is a possibility that players will become disappointed in such an industry and NFT games will lose their popularity.

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What are NFT games?

We are all accustomed to regular games and know that in many of them you can upgrade your character and improve your gaming skills by purchasing additional items or features. That is, the player makes a “donation” and receives in-game add-ons. But at the same time, from a legal point of view, it cannot be said that he owns them in full. In fact, the developer company is the owner of these add-ons, and the player takes them for use. For example, if the player’s account is blocked, he will lose all the items that he bought and used in the game.

NFT games combine the usual classic designs and unconventional mechanisms. They give the user high opportunities in the matter of control of game assets and additions. NFTs serve to ensure that a certain addition is the only one and protected from hacking.

How NFT games work

NFT games on the blockchain are different from simply storing crypto collections in a wallet. An NFT game for earning uses tokens in its rules, mechanics, and player interactions. For example, a game can represent a unique character or avatar as a non-fungible token. Digital items that an NFT player finds during tasks can also be tokens.

This system gives the user ownership of the game add-on, which can be acquired in three main ways:

1. create or bring out a new character;
2. purchase virtual items on trading platforms;
3. unlock or earn the add-on.

Any of the described methods of obtaining a game asset grants the owner exclusive ownership of it. In the future, such NFTs can be sold, bought or exchanged, making a profit from this. In addition, NFT games without investments can be used to earn money. We will tell you more about this below.

Pros and Cons of NFT Games

Among the advantages of such entertainment, it can be noted that NFT games not only provide an opportunity to have a good time, like classic virtual games, but also serve as a possible source of income for their users. You can install many NFT games on Android or IOS, which simplifies the process of playing and earning, since it is always at hand on your smartphone.

The downside of such games is the risks associated with investing . It is important to remember that, in addition to earning NFT game cryptocurrency, there is always the possibility of losing your funds. This is due to the volatility of NFT prices, which means that with a certain change in market demand, the user may miss out on profits or even lose assets if he bought a game add-on at a high price.

NFTs and Online Casinos in Metaverses: What the Future Holds

Metaverses — digital worlds that can be accessed using VR headsets — could be a whole new way of interpreting reality. In them, you can buy virtual real estate, communicate with other users, and move around just like in the real world — albeit only on the surface. This level of interaction also means visiting casinos, where, of course, you need to bet something to play. That something could be NFTs. In the metaverse, you can place bets using NFTs or even buy an entire casino and set up your own business. However, since NFTs are a way to monetize digital assets in metaverses, the latter can lead to certain problems.

For example, one of the first metaverse casinos, Flamingo Casino Club, received cease-and-desist orders from five US states for fraudulent use of NFTs. The site claimed to be part of the Flamingo Las Vegas Hotel and Casino — which turned out to be a lie — and promised users passive income from the casino’s profits when they purchased certain NFTs.

The possibilities of NFTs for metaverse gambling are endless, but there are legal hurdles. How will such casinos be regulated and monitored? What is the point of using NFTs for anonymous betting if licensed establishments require players to verify their identity? However, with the expansion of the role of NFT in the industry, appropriate legislative frameworks will certainly be developed that will create conditions for the safe and legal use of digital assets in online gambling

NFT-slot and its possibilities

A unique development based on DApp technology. It is presented as a decentralized application based on the blockchain platform. Its modules are distributed over several servers. NFT-slots are located in gaming machines, which makes them completely impartial due to the lack of centralized access to program codes.

The peculiarity of the application is the absence of the possibility of making adjustments to its work in order to reduce the performance of the emulator. As for the advantages of NFT machines, they relate to:

• guaranteed honesty of the game process – the devices work in the mode of complete independence;

• absolute confidentiality. The technology involves replacing the notorious data of each player with an abstract sequence of bytes;

• complete security. Hacking blockchains is impossible, and so far no one has succeeded.

Additional benefits include payment of winnings. Slots work is organized through special smart contacts, cryptocurrencies. All payments are made automatically by the blockchain platform, which minimizes any involvement in the process of the online casino itself.

There is only one drawback of the technology – it is a longer processing time. This is due to the fact that the software modules are located on different servers and communication requires additional time. The disadvantage is easily eliminated due to the use of powerful processors.

The principle of operation of NFT machines

NFT machines or unique blockchains work according to a certain principle, which includes the following important stages:

• RNG formation of a sequence of random numbers. This applies to the bookmarking of numbers on online casino roulettes, the distribution of cards in poker or the symbols used for drum slots;

• transfer of data to the “cloud”;

• processing of the received sequence of numbers and placing the results represented by the hash function in the blockchain;

• extraction of storage data converted into roulette numbers, symbols or cards when starting machines.

The use of technology completely excludes influence on the game process of third parties. In this case, the online casino is an intermediary, receives a profit, but does not have access to blockchains, where winnings and results of rounds of future periods are stored. What the casino is capable of is tying its own bonuses in the form of free spins and cash prizes to specific NFT slots. NFTs and cryptocurrencies are rapidly gaining popularity in the world of online casinos, offering players innovative ways to bet and win. However, we should not forget about other convenient and reliable payment methods, such as the Portuguese Multibanco system, which has long won the trust of users. It is important to choose casinos that accept multibanco (casinos que aceitam multibanco) to ensure fast and secure transactions. This way, you can enjoy the game not only using NFTs, but also traditional, time-tested payment solutions.

Currently, not all game platforms use such technologies, and the NFT slot market is at the stage of active development. Assiduously penetrating the world of gambling, the technology has many advantages for players. Firstly, it increases the level of trust in online gambling establishments. Secondly, it provides transparency to both the game process and payout processes. Thirdly, for large online platforms and sites starting their activities in the field of gambling business, this is an ideal opportunity to increase their reputation and confirm the honesty of transactions.

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Nevertheless, every year it becomes more and more difficult for single miners to make a profit by “mining” the most popular cryptocurrencies, such as bitcoins or ether. Therefore, it makes some sense to pay attention to less popular types of virtual currency.

Mining Prospects
It’s important to understand that as virtual money grows in popularity, it becomes more problematic to make a profit from mining. This is due not only to an increase in the number of participants, but also to the arrival of significant financial resources in this segment of the market. As a result, mining individually is simply becoming unprofitable and unprofitable.

Another potential danger is the fact that some recently emerged cryptocurrencies do not provide for the possibility of mining. For example, Ripple or IOTA are among such virtual currencies, showing a steady growth in recent years.

How much can I earn?
It is almost impossible to give an unambiguous answer to the question about potential earnings from mining. This is explained by the fact that it is determined taking into account a lot of difficult to predict factors, including the current rate of a particular cryptocurrency and the dynamics of its change, the amount of investment in mining, the number of participants in the “mining” process, etc.

One should understand the following: the growth of the overall capitalization of the virtual money market leads to a constantly increasing average payback period of the investment. For example, not so long ago, investments in bitcoin mining were returned within 2-3 months, bringing further profit, and the entry threshold was quite low. Today, in order to start effectively mining the most popular cryptocurrency, a serious amount of money is required, amounting to at least several thousand dollars. In this case, the payback period is 9-12 months, and in some cases even more.

Is it possible to mine without investment?
Nowadays, it is quite difficult to talk about serious mining without investments. However, many companies providing cloud mining services are trying to increase the number of customers through a variety of advertising campaigns. In some cases, users are offered an opportunity to “mine” cryptocurrency for free for a certain period of time.

There are also so-called cryptocurrency cranes, which are advertising sites that offer satoshi, i.e. a small portion of bitcoin, as a reward for visiting them. This way of earning cryptocurrency is hardly a full-fledged mining, nevertheless, the number of such resources increases every year, which shows their demand in the market.

Investment risks
The cryptocurrency market is one of the most unstable. Even bitcoin, the value of which has grown tremendously, has fallen in price many times. There is no guarantee that it will pick up again after another crash, which could happen at any time.

Possible problems and pitfalls
The main potential problems of any cryptocurrency are two factors. First, the unclear legal status, which in addition varies from country to country. In today’s global financial market, this is a serious obstacle to further growth.

Second, the main condition for the popularity of cryptocurrency is trust in it. This criterion is hardly stable and objective. Therefore, any problems that arise can easily bring down even the most promoted cryptocurrency.

Energy Inefficiency
The arrival of major players with serious financial resources to the cryptocurrency mining market has drastically reduced the efficiency of “mining” most types of virtual money. Naturally, the profits made in the process often do not recoup the funds invested, including electricity costs, which constitute the main share of costs, in addition to the purchase of equipment.

The disparity between early and late miners

Every year, the rewards for mining are decreasing. This is due to a very rapid increase in the total computing power of the participants in the process, resulting in a noticeable increase in the amount of resources spent on “mining”, which is torn between electricity consumption and hardware capacity. It makes sense that early mining was much more efficient and profitable than late mining, a trend that continues even now.

What cryptocurrency to choose for mining?

Finding an answer to the question which electronic currency is the most profitable to mine is quite difficult. The fact is that the cryptocurrency market has only been formed in recent years. It is constantly changing, in addition, new types of virtual money regularly appear. All this makes a more or less accurate prediction of further developments in the market extremely unlikely.

Nevertheless, every year it becomes more and more difficult for single miners to make a profit by “mining” the most popular cryptocurrencies, such as bitcoins or ether. Therefore, it makes some sense to pay attention to less popular types of virtual currency.

Mining Prospects
It’s important to understand that as virtual money grows in popularity, it becomes more problematic to make a profit from mining. This is due not only to an increase in the number of participants, but also to the arrival of significant financial resources in this segment of the market. As a result, mining individually is simply becoming unprofitable and unprofitable.

Another potential danger is the fact that some recently emerged cryptocurrencies do not provide for the possibility of mining. For example, Ripple or IOTA are among such virtual currencies, showing a steady growth in recent years.

How much can I earn?
It is almost impossible to give an unambiguous answer to the question about potential earnings from mining. This is explained by the fact that it is determined taking into account a lot of difficult to predict factors, including the current rate of a particular cryptocurrency and the dynamics of its change, the amount of investment in mining, the number of participants in the “mining” process, etc.

One should understand the following: the growth of the overall capitalization of the virtual money market leads to a constantly increasing average payback period of the investment. For example, not so long ago, investments in bitcoin mining were returned within 2-3 months, bringing further profit, and the entry threshold was quite low. Today, in order to start effectively mining the most popular cryptocurrency, a serious amount of money is required, amounting to at least several thousand dollars. In this case, the payback period is 9-12 months, and in some cases even more.

Is it possible to mine without investment?
Nowadays, it is quite difficult to talk about serious mining without investments. However, many companies providing cloud mining services are trying to increase the number of customers through a variety of advertising campaigns. In some cases, users are offered an opportunity to “mine” cryptocurrency for free for a certain period of time.

There are also so-called cryptocurrency cranes, which are advertising sites that offer satoshi, i.e. a small portion of bitcoin, as a reward for visiting them. This way of earning cryptocurrency is hardly a full-fledged mining, nevertheless, the number of such resources increases every year, which shows their demand in the market.

Investment risks
The cryptocurrency market is one of the most unstable. Even bitcoin, the value of which has grown tremendously, has fallen in price many times. There is no guarantee that it will pick up again after another crash, which could happen at any time.

Possible problems and pitfalls
The main potential problems of any cryptocurrency are two factors. First, the unclear legal status, which in addition varies from country to country. In today’s global financial market, this is a serious obstacle to further growth.

Second, the main condition for the popularity of cryptocurrency is trust in it. This criterion is hardly stable and objective. Therefore, any problems that arise can easily bring down even the most promoted cryptocurrency.

Energy Inefficiency
The arrival of major players with serious financial resources to the cryptocurrency mining market has drastically reduced the efficiency of “mining” most types of virtual money. Naturally, the profits made in the process often do not recoup the funds invested, including electricity costs, which constitute the main share of costs, in addition to the purchase of equipment.

The disparity between early and late miners

Every year, the rewards for mining are decreasing. This is due to a very rapid increase in the total computing power of the participants in the process, resulting in a noticeable increase in the amount of resources spent on “mining”, which is torn between electricity consumption and hardware capacity. It makes sense that early mining was much more efficient and profitable than late mining, a trend that continues even now.

The post What cryptocurrency to choose for mining? appeared first on Nolex.

In order for cryptocurrency to function independently of any centralized intermediary, all participants in the process need to have a way to record and store financial transactions to eliminate the problem of double debiting, which allows you to pay twice with the same crypto token, that is, to “buy” goods for twice the amount available. In doing so, the problem should be solved without the use of some central server and base, as is done in banks.

Most existing cryptocurrencies use an open cryptographically secure distributed transaction registry called “blockchain. A blockchain is a chain of blocks of transaction records that are linked together and secured using cryptography. Each block contains its own unique cryptographic identifier that points (links) it to the previous block in the chain.

Once added to the blockchain, the blocks can no longer be changed without losing data about the entire chain that follows, which immediately lets other users know that there has been a third-party tampering to bypass the rules. This makes it possible to simply refuse to use the modified version of the chain (because without recognition of the modified block by most participants in the process, it is useless) and continue to work with the original branch.

Electronic cryptocurrency wallets can be linked to the blockchain to ensure that their balance is true, and new transactions are verified using data in the blockchain to ensure that each one is real and was produced by a cryptocurrency that actually belongs to the payer (or his wallet).

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Recently, there have been frequent reports that some popular websites have also been found to contain elements of software that allow for mining by using the resources of visitors’ computers. Obviously, such activities can hardly be called legal. Nevertheless, given the complexity of the issue, it is far from easy to fight such manifestations.

What is a mining farm?
A mining farm is a number of computers or servers combined into one system. In this case, at different times and for different cryptocurrencies different equipment is used. For example, for bitcoin “mining” some years ago there were mainly video cards used, then they were replaced by specially developed processors (ASIC). However, some cryptocurrencies, such as the second most popular Ethereum, are still the most effective when using high performance graphics cards.

Mining equipment
Simple mining schemes, which were effective a few years ago, included the following equipment: 2-3 video cards, a motherboard, a processor, RAM and permanent memory, and a power supply. Naturally, in order to connect to the system it was required to install the appropriate software, which is freely available. An important resource, which is consumed in the process of mining in large quantities, is electricity.

Programs for mining
Nowadays, many different programs have been developed that can be used for mining cryptocurrencies. The choice of a particular product is determined primarily by the capabilities of the user’s computer. Obviously, for different configurations and computing power, the efficiency of different programs will not be the same.

The easiest way to mine is to use a cloud pool. In this case, you rent or buy the power of a specialized company along with the software installed on it. However, in most cases, the cost of renting or purchasing resources is quite high.

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Cryptocurrencies are unlike any other asset. It uses the principle of blockchain, which has made them a competitive alternative to bank transfers, electronic payment systems and even government money. Compared to existing financial instruments, cryptocurrencies have a number of advantages.

Decentralization

Most cryptocurrencies function in a decentralized manner, according to their algorithm. They are not under the control of government authorities, and all communication nodes have the same rights and are equal to each other. In networks such as Bitcoin, even the developers cannot change the algorithm.

Low transaction costs
Transactions in cryptocurrency systems are P2P, without the involvement of a central supervisory authority. Reducing the costs of maintaining the network allows for a significant reduction in transfer fees.

Unlike bank and electronic payment systems, users can set up their own commission and even send transactions without it.

Fast payments
Cryptocurrency transactions have a high processing speed. In addition, once a transaction is added to the blockchain, it becomes irreversible. The irreversibility of transactions prevents records tampering and fraud in the system.

Privacy

Privacy is one of the main advantages of cryptocurrencies. You don’t have to provide any personal information to use the system, which allows you to remain anonymous and hide your spending from the government, financial institutions or marketing companies.

You are the sole owner of your money
The crypto coins in your wallet can only be accessed by providing a private key, which is held only by the owner. This means that no one can debit coins from your account or freeze their movement.

Cryptocurrencies can be a means of protecting one’s capital. In case a bank declares bankruptcy or the government fails to perform its duties in good faith, coins on a cryptocurrency wallet will be a financial safety net.

Reliable data protection
When paying for goods and services, customers risk their personal data, which can be intercepted and later used. In cryptocurrency transactions, no personal data is transmitted to the seller, so you can be sure that the information will not fall into the hands of intruders.

Inflation-proof
Cryptocurrencies implement a sophisticated mechanism to prevent inflation. In particular, the Bitcoin network prevents inflation with several features:

A limited issuance of 21 million coins that cannot be canceled;
New coins are issued strictly every 10 minutes;
Every four years the coin issue is halved.
Every cryptocurrency network has similar methods, which makes it possible to predict in advance how many coins will exist in a certain period of time. In addition, there is no controlling body that can make the sole decision to increase the issuance.

Simple and affordable
Many people mistakenly believe that cryptocurrencies are too complicated a subject to learn and use. In fact, they are accessible to everyone. Anyone can start using cryptocurrencies, even without technical skills and without fully understanding the nuances of the system. It is enough to have a cryptocurrency wallet, get some coins and have access to the Internet.

Cryptocurrencies are open to everyone, including residents of not the most prosperous regions where other financial services (banking products, for example) are not available.

Cryptocurrency – an incentive for financial innovation
Digital coins implement a new mechanism, which is designed to solve the shortcomings of other payment systems. For example, to increase transaction speed, minimize costs, improve security, and implement the sending of micropayments to any part of the world with minimal commissions. Cryptocurrency source codes are publicly available, which means that any developer can use them to create better systems, which will inevitably lead to improved financial models.

In addition, the blockchain technology involved in most cryptocurrencies can be applied to any industry that requires data protection and storage. Research is already underway to implement it in banking, real estate, and insurance.

Disadvantages of cryptocurrencies

Having studied the advantages of cryptocurrencies, we can say unequivocally that it is a progressive technology with great potential for development. But despite all the advantages, cryptocurrencies are not without a number of disadvantages.

High volatility
According to experts, this is one of the features of cryptocurrencies, preventing their globalization. Currently, the rate of cryptocurrencies is very volatile and can change in a wide range in short intervals of time.

It is likely that the initial volatility is caused by the novelty of the asset, and as the number of users increases, the rate of cryptocurrencies will still become more stable.

Risk of hacking
Because cryptocurrencies exist in digital form, they can fall prey to cybercriminals. Cryptocurrency services must have a high level of security to prevent theft. It should be noted that this vulnerability is not caused by the features of cryptocurrencies themselves, but by the security of storing access keys.

Cryptocurrency networks are also vulnerable to the so-called 51% attack: this is when most of the network power is concentrated in the hands of one person and he has the right to make decisions about transactions on his own. This situation is fraught with double spending, interfering with other users’ transactions, and selfish mining.

Criminal use
The privacy and decentralization of cryptocurrencies has been repeatedly put to them because it makes them an attractive means of settlement for the criminal world and a vehicle for money laundering.

The most infamous example was the use of bitcoin to pay for drugs and counterfeit documents on the Deep Web trading platform. But the same applies to cash, for example, because it also takes part in criminal schemes.

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Coin. This is the monetary unit of cryptocurrency, which works in its own blockchain. It can be mined by mining – providing the system with the computing power of your computer. Coins can be transferred to other blockchain users and sold for regular currency. Some companies accept them as payment for goods and services. For example, Microsoft sells the Windows operating system and the Xbox game console for bitcoins.

There are also coins that run on a rewritten bitcoin blockchain. They are called altcoins, alternative versions of bitcoin.

Token. This cryptocurrency monetary unit is created from an existing blockchain. They cannot be mined, but can be bought or received for activity. Tokens cannot even in theory be paid for; they are used to give the user access to the functions of the platform. If a coin is a bill, a token is a ticket. But if you put a token on an exchange, it can be exchanged for regular money at the current exchange rate.

Tokens can be used as an investment tool and proof of business rights, they can be used to participate in votes or surveys.

Tokens have more possibilities, but tokens are more valuable to investors because they are harder to create.

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Ether mining
In recent years, the rate of Ethereum (in Russia it is called ethereum or, even more simply, ether) has been growing quite rapidly, certainly inferior to bitcoin, but being the second most popular cryptocurrency. Special programs are used to mine ether. It is important to understand that this process today is much more efficient than “mining” bitcoins, as it involves a noticeably smaller number of users. The most effective is the use of equipment in the form of productive video cards.

Ripple mining
Ripple (XRP) is quite different from most cryptocurrencies, including bitcoin. Currently, this virtual currency is popular, on an equal footing with Ethereum. The main feature of Ripple is the impossibility of mining. This is because the developers immediately issued 100 billion units of XRP, keeping about 2/3 of it for themselves, and one third distributed among users. As a result, additional cryptocurrency issuance is not provided, and mining is also not required for the system to function.

Litecoin
The cryptocurrency Litecoin (LTC) was created in 2011 and is a derivative (another name fork) of bitcoin. At the moment, its development is completely independent and has several fundamental differences from the most popular type of virtual money. These include:

Greater efficiency of mining using powerful processors;
The need for a large amount of free memory;
The wide spread of pools, including cloud pools.
LTC is much less popular and in demand than bitcoin. Therefore, mining this cryptocurrency is currently available and quite effective even for individual miners. However, it is much more profitable for the user to become a member of a pool, which significantly increases the profitability of mining.

NEM
The cryptocurrency called XEM was created based on the NEM blockchain technology. It is very popular in the Asian market, especially in Japan. The features of this type of virtual money became the issue of the entire amount of cryptocurrency at once. However, XEM mining is quite possible. It is necessary to generate new blocks needed to conduct transactions, to form appropriate records in databases and to ensure the security of transactions. At the same time, XEM mining is considered one of the most democratic processes, as it does not require large computing power.

Dash
The capitalization of the Dash cryptocurrency, created in 2014, has now exceeded $2 billion. Of course, its popularity today is no match for bitcoin, however, the virtual currency shows steady growth. Almost any computer equipment can be used for mining but the most effective is using ASIC technology and different cloud services.

Iota
The IOTA cryptocurrency, which appeared on the market at the end of 2015, quickly enough became widespread. This is due to the features of this payment system, the main of which are: the absence of commission in carrying out transactions and the speed of their implementation. The operating principle of IOTA does not provide for the possibility of special mining, as in fact the user of the system becomes a miner when carrying out any transaction, because it requires the confirmation of the previous two.

ZCASH
The developers of the cryptocurrency ZCash declare it as the first anonymous virtual monetary unit. This payment system provides a standard possibility of mining, for the implementation of which the appropriate equipment, first of all, a powerful video card, appropriate software and connection to the pool will be required. It is in this case the mining will be the most effective.

Monero
Mining a relatively new cryptocurrency called Monero can nowadays be a very profitable activity even for single users. The fact is that the payment system service does not allow the use of specialized ASIC processors. As a result, even having an ordinary, but rather productive computer, it is possible to mine Monero.

Stratis
The cryptocurrency Stratis (abbreviated as STRAT) appeared in 2016 and is one of the latest such developments, which has already managed to make quite a loud statement in the financial market.

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