Cryptocurrencies: Education for Professionals
Nowadays, all over the world, there are business events devoted to popular areas of investment. Where is it better to invest? Which directions for investment are particularly popular nowadays: cryptocurrencies and ICO, investments in start-ups, commercial real estate, oil, mutual funds, corporate bonds? What to choose, what will bring more income in the short and long-term? Sometimes only leading analysts can help in assessing all the risks and benefits of investments.
Not only beginners are looking for answers to the questions that arise about cryptocurrencies as they are the most rapidly growing assets nowadays. Authoritative experts, well-known economists, business representatives, opinion leaders, well-known journalists, and bloggers gather on the discussion platforms to address the issues from the field of economy and business, to form realistic financial forecasts and practical recommendations on the most effective investments in this field. Among reliable resources, you can also find a blockchain developer course which is undoubtedly relevant in the current situation, as well as other courses.
At such events for professionals, among other things, the most topical issues are discussed – Cyber-risks, blockchain and practical cases, as well as international experience in this area. You can learn about:
- Innovative ways to protect data
- Features of working with sensitive information
- Cyber insurance as a new risk management tool
- The impact of IoT – new technologies and new risks
- Blockchain and formation of qualitative relations with clients and partners
- The flipside of blockchain: reality and expectations
If You Want to Become a Cryptocurrency Miner
Miners can be compared to those who distribute the file using a torrent tracker, giving to anyone who wants to download a movie or a music album. In the case of Bitcoin, “miners” who play the role of siders (“distributors”) support the work of the monetary system: they carry out transactions and keep an “agreement” about the unified state of the entire network. As an investment of resources, they receive not an ephemeral rating, but a virtual currency that is easily convertible into real money.
How Bitcoin Is Mined
The essence of bitcoins mining is to solve complex computing tasks. Bitcoins are extracted not by one, but by “packs”, or blocks. Initially, the block size was 50 BTC, but it is halved after every 210 thousand units are extracted.
The new block comes to the surface approximately every 10 minutes. The total amount of BTC will never exceed 21 million. It is projected that 99% of Bitcoins will be mined by 2040.
To date, almost no one is engaged in mining without the use of ASIC (integrated circuits of a special purpose, characterized by high computational speed and low power consumption), since it is commercially unprofitable.
Also, earning a cryptocurrency alone is almost an impossible mission. Therefore, the miners usually join the pools, uniting several tens, hundreds or thousands of “miners” in a single link: in case of a successful finding of the block, each of them gets its share in accordance with the size of the contribution to the common cause. In contrast to the solo mining, mining within the pool is faster than raising funds alone, but suggests smaller portions.
If the issues mentioned above did not scare you off, then you can try to take a chance and take part in this “gold rush”. To do this, you will need the appropriate processing power, downloading a special client program and registering in one of the pools.