BitTube Cash TUBE mining calculator solo vs pool profitability
Because BitTube is its own separate blockchain the TUBE coin is native to the platform, not an ERC-20 token like so many other platforms these days. That means BitTube has its own proprietary wallet solutions for storing TUBE. There are actually several options, the easiest of which is to simply leave your TUBE coins in the online wallet connected to your BitTube account. The BitTube application lives completely in the web browser, so users don’t need to download and install any special software to view content uploaded to BitTube. It’s also possible to identify any video on the network with a hash, allowing it to also be viewed.
As more users utilize the platform, the value of BitTube will seemingly increase accordingly. Because ASIC miners were created for the CryptoNight algorithm in early 2018, BitTube forked on July 2, 2018 and switched to the CN Saber algorithm, allowing it to remain free of ASIC mining. That means home miners are still able to mine TUBE coins with their computer GPU. CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles.
BitTube Mining Calculator & Profitability Calculator
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- It’s also possible to identify any video on the network with a hash, allowing it to also be viewed.
- The BitTube team has made great progress in less than a year, which is very encouraging for the future of the project.
- Because BitTube is its own separate blockchain the TUBE coin is native to the platform, not an ERC-20 token like so many other platforms these days.
- TUBE is a new kind of money that provides a private and modern payment network.
The major benefit realized by the IPFS protocol is the removal of user data from the hands of centralized storage companies, and the return of control to users and content creators. Instead, content producers will receive payment simply for producing and uploading videos. The payments will be made in the native currency of the BitTube platform, known as the BitTube Coin (TUBE). In the new mass-internet age, platforms such as YouTube have become dominant in how people consume video content. Over a short period, a small number of centralized platforms have become the norm without consumers having any alternatives for effectively monetizing their creations.
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(You can find this on your electricity bill or search online for state averages if you’re unsure). If you’re using a cloud mining service, input the price of your contract, along with any pool or maintenance fees you have. The hashrate is now about 5 times terareum crypto price lower than before the fork, so most likely the presence of FPGAs and even maybe ASIC miners for the X16R algorithm is really significant. Anyway, apart from z-enemy and T-Rex miners for Nvidia there is a third option available now with X16Rv2 support.
Without competition, the majority of creators and their audiences have been stuck inside ecosystems that offer little autonomy and no transparency. BitTube is building a worldwide innovative platform, in which performance and reward for copyright are brought to a new level of fair use. In the future, this reward will no longer depend on your living area, advertising companies, data service providers or arbitrary decisions. With BitTube, the owner of the content or the owner of copyright will receive their payment from all over the world, based on how often their content is accessed. We do need to remember that TUBE is actually a utility token, used to provide an economic incentive for users to upload and view videos on the BitTube platform.
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This means price action should be different from securities tokens, which often see far more volatility, both up and down. This could give TUBE a nice steady advance higher once the cryptocurrency markets fully recover. The BitTube platform is designed to give video content publishers an outlet for their videos that is free from censorship.
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They are trying to give users an alternative that is censorship resistant and is not controlled by one large centralised organisation. BitTube was developed in order to give content creators a stake in the network that they were contributing to. Decentralization is one of the major highlights of the BitTube platform.
Crypto currency to Fiat Currency Converter
BitTube is a decentralized blockchain project that aims to replace YouTube with its ad-free cryptocurrency powered video platform. All you need to do is to follow the steps provided to configure the pool that you have chosen from earlier steps, configure accurately, and you are set to receive BitTube coins. The publishers of these pages, including social accounts, earn based on the total #AirTime from each visit. Payouts are distributed at a variable rate across all concurrent users globally in real-time. Fair use reward system for data content.Make data independent from data storage companies.Secure the worldwide right of free speech without censorship. The publishers of these pages, including social accounts, earn based on the total AirTime from each visit.
Our quick tests have shown that on GTX 1080 Ti the performance of CryptoDredge miner with X16Rv2 is not as high as on the current hashrate leader T-Rex… it is more like similar to that of z-enemy. TUBE is also somewhat unique in cryptocurrencies as there was no ICO for the project, and no pre-mine to fill the company’s coffers and developers bank accounts. BitTube has capped the number of mineable TUBE coins at 1 billion coins. Live video is also a possibility, but the creators of the live videos do need to install the BitTube Sender application that allows them to share their screen.
BitTube
We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. Since 2018, we’ve beaten the market with a smart mix of crypto and common stocks. When you have joined the pool, then you can connect to any port of your choice. In the mining process, the first thing that you will need to do is to acquire mining hardware (a GPU), connect it to your computer, install the driver, and configure it accurately. Because of this, BitTube has Monero’s privacy aspects to it called RingCT.
And for Apple users there’s a mobile app that can be downloaded from the Apple app store. Decentralization is at the heart of the BitTube platform, making it a front-runner for the title of the “Bitcoin YouTube”. One of the keys to the decentralization of the platform is that storage of video files is handled by the Interplanetary File System (IPFS).
It also does away with centralized storage, and aims to remove the need for advertising to generate revenue. It can be time consuming to calculate the profitability of mining altcoins, this calculator was made to make the process easier. This is for users of both mining rigs at home and cloud miners. If you’re using a mining rig at home, enter the hardware costs, power usage and power costs in kw per hour.
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This move is highly beneficial as it is possible to remove the user data from the hands of the storage companies. This also brings back the control of the content to the content creators and the users. With the IPFS in place, there is no centralized server storing the data. All the data is handed over to a decentralized server network which is global in function. Furthermore, the algorithm ensures that there is very less transfer of data and it also ensures that there are no duplicate data. This IPFS is a peer-to-peer hypermedia protocol that is a replacement for HTML and is working to decentralize the web.