Talk about a fiat currency! This is a complete joke! The whole concept is based on a theory that because a miner spends time working out a mathematical problem, the gold star received for solving the math problem first (crypto coin) has some sort of value. This is preposterously stupid! But, given the stupidity of most people, its understandable how this scam can perpetuate.

The ONLY real money is Gold. For thousands of years this has been true. While other minerals and stones have economic value, gold is the “gold standard” by which all other things of value are measured.

I think in due course, either the crypto market will collapse, or central banks will put pressure on industrialized nations’ legislatures to outlaw the use of it, deeming it a form of internet/electronic fraud, and causing disruption in commodity pricing. It also is a very deceptive method to contribute to a nation’s loss of sovereignty, just as a trans-national currency does; example: the Euro.

What is a cryptocurrency wallet? How does it work?

A cryptocurrency wallet is a virtual wallet or digital wallet, i.e., a software program. It stores public and private keys. These keys interact with blockchains to enable the user to receive and send cryptocurrencies. If you have a cryptocurrency wallet, you can also monitor your balance.

If you want to enter the world of cryptocurrencies, you will need two things:

• A cryptocurrency wallet. It is a type digital wallet, i.e., a wallet that only exists electronically. You will need one to purchase, sell, and store cryptocurrencies. We can also say it is a type of e-wallet.
• A cryptocurrency exchange. You will need to use one to buy or sell cryptocurrencies. These exchanges will sell you cryptocurrencies for other cryptocurrency units or fiat currencies. Dollars, euros, pounds, rupees, or yuan, for example, are fiat currencies., i.e., the government declares them as legal tender.

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Cryptocurrency wallet – a secure digital wallet

Put simply; a cryptocurrency wallet is a secure digital wallet. We use it to send and receive cryptocurrencies. We also use it to store our currency. For example, if I buy Bitcoins or Litecoins, I will store them in my digital wallet.

Bitcoin is the world’s most common and oldest cryptocurrency. It has been around since 2009.According to BlockGeeks.com: “When a person sends you bitcoins, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to.”

Most cryptocurrencies have their own official wallet. For example, Bitcoin calls its digital wallet the Bitcoin Core Wallet.

Ethereum (Ether) calls its wallet MyEther Wallet. Litecoin, another cryptocurrency, has the Litecoin Core Wallet. Ethereum is the second-most popular cryptocurrency. Litecoin uses a similar system to Bitcoin. However, Litecoin is considerably faster.

Some wallets are good for multiple coins. Coinomi, for example, can store many different cryptocurrencies. However, there are some coins that Coinomi cannot store.

Some cryptocurrencies recommend third-party digital wallets.

If you want to buy, sell, and store cryptocurrencies, you must have a cryptocurrency wallet. It is impossible to carry out transactions without one.

Cryptocurrency wallet – how it works

We keep our credit cards, ID, loyalty cards, and fiat money inside a physical wallet.

A cryptocurrency wallet does not work in the same way as a physical wallet. It does not actually ‘store’ anything. Instead, there is a secure digital code. We call this code a key. Only you and your wallet know what this code is.

The key shows ownership of a public key. A public key is a public digital code that gives the owner access to a specific amount of money.

Your wallet, therefore, stores the owner’s private and public keys. This allows the owner to send and receive cryptocurrency coins. The wallet also keeps a record of transactions. In other words, it acts as a personal ledger.

Regarding your cryptocurrency wallet, CryptoCurrency Fact says:

“Your wallet stores your private and public keys, allows you to send and receive coins, and also acts as a personal ledger of transactions.”

Video – What is a cryptocurrency?

How Cryptocurrency Mining Works

1. 1. Be a Cryptocurrency Miner and Start Earning your First Bitcoins, Ethereum and Other Alternate Coins On Complete Autopilot. MINING HAS NEVER BEEN SO EASY !

2. 2. Why is Cryptocurrency the Future of Money? Transfers Faster Decentralised Currency Safe and Secure Accepted Worldwide Low Inflation Risk 2009 2010 Bitcoin v0.1 Released and Genesis block was established. Traded at less than $1 per coin. Bitcoin Foundation was formed to standardise, promote and protect the use of bitcoin. 2012 2013 Bitcoin Prices spikes to $250 and further to $1200. 2014 Was mostly accepted as a primary virtual currency. 2015 Ethereum was established. 2016 Ethereum the first product ready version of its blockchain platform called Homestead. The total value of all the ether on the network exceeds $1 billion.

3. 3. How is Cryptocurrency Generated ?

4. 4. Where is Cryptocurrency used ? ● Used by more than 500,000 businesses worldwide! ● Emerging at pace as now accepted more ! ● Money is transferred instantly and easily !

5. 5. How are Cryptocurrency rewarded ?

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   We solve complex Mathematical problems through computer software.

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   Once solved, the block is created and put in BlockChain - a Public Ledger.

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   The Cryptocurrency network changes the complexity of the math problem depending on time consumed.

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   We get a fraction of Cryptocurrency in exchange.

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   As the time goes by, the equation gets more difficult! That’s why we are investing in best hardware and mining in pool.

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   In the mining pool, each miner is rewarded with a fraction of cryptocurrency proportionate to the amount of effort he provides.

6. 6. Mining Difficulties The Target Value is recalculated every 2016 Blocks

7. 7. World on Cryptocurrency !

8. 8. Bitcoin A Safe Bet? A Limitless Future Overall, cryptocurrencies have a long way to go before they eclipse credit cards and traditional currencies as a tool for global commerce. They have displayed potential as an investment alternative, but are still not a must have asset class in your portfolio. In the next several years, cryptocurrencies are likely to evolve into a niche electronic currency that could become a realistic alternative to other electronic payment processing platforms. Is Cryptocurrency Safe ? Yes, cryptocurrency is Secure. Cryptocurrency miners help keep the network secure by approving transactions. Mining is an important and integral part of Cryptocurrency that ensures fairness while keeping the Cryptocurrency network stable, safe and secure. Cryptocurrency is a decentralised system, it pushes some security responsibility and control to the end­ users, especially responsibility for securing private keys that are used to validate transactions. Cryptocurrency security does not rely on access control. Transactions can be conducted over a public network, cannot be forged, and cannot be modified once validated by several nodes on the blockchain. Transaction data cannot be used to re-send payments, as the transaction is only good for those recipients who can unlock the transaction by having the proper key. APR 23,2014 @ 12:57 PM 22,242 VIEWS

9. 9. WHAT is Coinomia is an opportunity that provides the user a platform to mine bitcoins, ethereum and other alternate coins without owning and maintaining a complex hardware setup. We also sell the most efficient and reliable rigs for mining to produce profits for the users. Users can also gain power by inviting friends to coinomia. We are mining since early 2014, even before Ethereum was Live ! we have centers across the world and we have invested in latest ASIC chips and mining equipments. Coinomia is an application for mining in cryptocurrencies with any of the available gadgets, a user have. Designed to cater both new miners and power users, Coinomia requires no configuration at any device. The power allotment can be managed from anywhere and can be distributed among various cryptocurrencies.

10. 10. Why Us? Benefits for Miners ! 01 Profit Beyond Expectation. 02 Multiple Data Centers around the world. 03 Mine in multiple Cryptocurrencies. 04Maximum Returns. 05 Refer and Earn.

11. 11. What we do ? We invest in the most advanced hardware and mining in pool to generate multiple cryptocurrencies! We provide an option to generate the Cryptocurrency through autopilot, without owning or maintaining the hardware! We provide an option to generate the user chosen cryptocurrency on complete Autopilot.

12. 12. How to begin ? Our Plans. POOL CONTRACT MACHINE CONTRACT RACK OWNER Mining Power 3 TH/s (BTC) .58 MH/s (ETH) Referral Bonus 8 % Amount $100 Mining Power 30 TH/s (BTC) 5.8 MH/s (ETH) Referral Bonus 10 % Amount $1000 Mining Power 300 TH/s (BTC) 57.7 MH/s (ETH) Referral Bonus 12 % Amount $10000 In the world of endless opportunity, start the journey with a free signup! Setup your account and get a dashboard walkthrough ! Choose the best plan from the list of plans and start generating your first coin!

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13. 13. ESTIMATED INCOME POOL CONTRACT MACHINE CONTRACT RACK CONTRACT Daily Weekly Monthly Yearly Contract Expiry 0.0006 (~ $0.4) * These are estimated figures that were taken against rates of Bitcoins and Ethereum from 21st June. This is not a final figure and is subject to cryptocurrency fluctuations! The returns will be credited in BTC/ETH. BTC ETH 0.004 (~ $3) 0.019 (~ $12) 0.23 (~ $152) 0.29 (~ $178) 0.042 (~ $0.5) 0.29 (~ $3.5) 1.18 (~ $14) 14.78 (~ $174) 18.4 (~ $217) BTC ETH BTC ETH 0.006 (~ $4.11) 0.417 (~ $4.7) 0.04 (~ $30) 0.423 (~ $34) 0.191 (~ $120) 11.83 (~ $142) 2.37 (~ $1526) 146.67 (~ $1736) 2.91 (~ $1778) 184.3 (~ $2173) 0.062 (~ $39.22) 4.078 (~ $47.5) 0.4 (~ $289) 4.201 (~ $319) 1.89 (~ $1889) 117.2 (~ $1333) 23.76 (~ $14694) 1463 (~ $17362) 28.79 (~ $17789) 1833.2 (~ $21738)

14. 14. Advantages of Cloud Mining ! Cloud Mining Cost Effective Daily Returns Free Assistance More Durable Zero Investment Zero Risk

15. 15. The Biggest Challenge and the Solution We have a Mining experience of 3 years and we have come across various advancements, and have worked upon them smartly! With Frequent power cuts and load shedding, Mining gets hampered on a very large scale globally. However we at “Coinomia” have endless supply of uninterrupted energy directly from nature. We have invested in green energy i.e. solar plants that guarantees the power for coming years. We have our centers in plains of India and China with ample of sunlight throughout the year. We ensure you that our mining “NEVER” Stops.