MIB Coin; The smartphone-based blockchain network

MIB Coin; The smartphone-based blockchain network

Initial mining challenges has in the past put many off and many have had to look for other alternatives to  get crypto currencies aside mining, but of recent, smarter approaches have come to light as to better ways of mining on the blockchain network. Among early adopter of such approach is  the set of team behind the MIB Coin project.

What is MIB Coin?

MIB coin is a Mobile Mining based Blockchain that has constructed an ecosystem that minimizes the maintenance of Blockchain Network making endless possibilities available through mining with your smartphone.

The Blockchain Network is based on SmartPhone device which is the most widely used device with unlimited functionality as it is called the Mobile-PC. Anyone can download MIB APP on their SmartPhone to start Mining and exchange their Mined MIB Coin. The Mobile SmartX Blockchain Platform (MSXBP) enables various payments and transactions on Mobile Environment.

HOW IT WORKS

MIB coin cannot be mined using existing ASIC and GPU methods. It is only available on smartphones.
MIB is designed so that your smartphone

is able to withstand the computational complexity
required for mining and protect your smartphone from overheating and damaging the hardware.

Another interesting thing about is that it`s possible to do this with one smartphone and even at a reduced power by 99.24% compared to existing mining machines offering greater eco-friendliness, lower cost and higher accessibility. This solution will improve mining participation in areas with unstable power production, such as Africa, South America, Central Asia, and South East Asia as anyone can mine with a smartphone.

CONCEPT OF SMARTX BLOCKCHAIN

• It is not a dedicated mining machine (ASIC or GPU).
• It is mining on the smartphone.
• Mining that was exclusive to only certain countries and companies are now
• Available to all. Everyone can participate.
• An eco-friendly, low-power energy-based mining method solves excessive power consumption issues.
• Keep it at a minimal cost instead of existing high cost blockchain networks.

TO START MINING

BOUNTY HUNTER; the hunt for the crypto juice

BOUNTY HUNTER; the hunt for the crypto juice

The crypto-world is becoming bigger and interesting as we speak. The industry

experts are ever restless, launching new alt-coins almost every day. But this is not the only thing that is being done in this industry. Once you start following the news, you will see a lot of new terms and activities, which quite frankly don’t make any sense to some people as well. One of these terms is ICO bounty program. If you are just learning about the Cryptocurrency space and figuring out how to invest, or getting tokens for free, participating in Bounty Campaigns can be an easy way out. You can earn cryptocurrencies for posting on social media, creating quality content, reporting bugs, translating articles or being involved in their community. Rather than invest money you can invest time and social capital. In a nut shell you can become a bounty hunter.

A bounty hunter is a participant in the initial coin offering (ICO) process who markets the offering to investors and audiences in exchange for incentives. The bounty hunter is generally paid in the form of ICO tokens that can later be redeemed into fiat currencies after the token is listed on a cryptoexchange. Bounty hunters are typically social media influencers on popular platforms such as YouTube and Twitter. They analyze the ICO for lay audiences and evangelize regarding its benefits. They may also write posts on popular blog platforms such as Medium.com or insert links to the ICO on Twitter.

BOUNTY HUNTER as platform to participate in other bounty.

BOUNTYHUNTERS, is an automated marketing influencing  platform involved in  bounty programs managing service. The platform is simple, easy to use with friendly users interface and fully secured platform.

It’s built on the “action=reward” model, and it’s based on blockchain technology. The platform helps start-ups, ICO projects, and existing companies to increase awareness of their brands in the market and to increase the number of significant mentions in social networks.

 It aims to increase a project’s efficiency by

HOW TO MAKE MONEY FROM DATA SUBSCRIPTION AND AIRTIME

HOW TO MAKE MONEY FROM DATA SUBSCRIPTION AND AIRTIME

It's not new that to fully maximize the use of your gadgets like iPad, phones, tablets and so on,  you definitely need to access the internet and this requires you subscribing to different data plans, over time some of this plans have become expensive and you are constrain to limit your data usage, some individuals even do whatsapp plan alone and so they are unable to surf the web as they desire.

Sometimes last year, I was taught how to get this data at a cheaper rate

and even purchase airtime and do cable subscriptions like Dstv, Gotv at a discounted price than you could imagine.
Having enjoyed this opportunity in the last one year, I decided to tell others about.

In order to easily understand the procedures involve, I already made a short video for you but before you watch the video, you will need to register by clicking here  after which you can click here to download  or stream the video.

If you still need further explanations, you can join our whatsapp group.
 
 

BITMINER FACTORY; A NEW APPROACH TO CRYPTO MINING!

BITMINER FACTORY; A NEW APPROACH TO CRYPTO MINING!

You may have heard of bitcoin mining. It’s significantly different from traditional mining, to say the least!

Mining is the process by which new blocks are created on the blockchain. In Bitcoin, a new block is mined

every 10 minutes. Some cryptocurrencies have a faster block transaction time, while others have a slower time. Essentially, this means that a Bitcoin transaction takes a maximum of 10 minutes to process.

Mining validates each new transaction on the blockchain. In order to do that, the miner (which is a computer or processor) solves a unique, difficult math puzzle. These puzzles require enormous computational power.

Since Bitcoin was first introduced, the difficulty of these puzzles has increased exponentially, which means more power than ever is needed to solve the puzzles.

To put the computational power into perspective, miners were tracked trying 450 thousand trillion solutions per second to solve the puzzles – and that was all the way back in October 2015 as reported by The Economist.

Why would someone spend all this computational power on math puzzles? It’s because they get rewarded with bitcoin – or other cryptocurrencies, if you’re mining other cryptocurrencies. Miners receive a set amount of cryptocurrency for every block that is mined, along with a cut of the transaction fees for all transactions in the block.

BITMINER; A NEW APPROACH TO CRYPTO MINING!

Bitminer Factory (BMF) is a leading cryptocurrency Mining Operation fed with Renewable Energy and managed by a Team of clean energy and mining experts. By purchasing BMF tokens with ETH or BTC you are entitled to use their Mining Assets and Services and receive your part of the cryptos generated by the Mining Operation.

This company basically have an organised team with an interesting project in mining of cryptos, you benefit from the company by

A VIEW AT BLOCK CHAIN TECHNOLOGY series 5

COMMON TERMS IN CRYPTO TRADING WITH THEIR MEANINGS

1. Altcoins: Alternate cryptocurrency that is any cryptocurrency other than bitcoin

2. ASHDRAKED:  A situation where you lost all your money.

3. Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.

4. Bear/Bearish = Negative price movement

5. BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)

6. Bull/Bullish= Positive price movement

7. DILDO = Long green or red candles

8. Dump = To Sell off a coin

9. Dumping: Downward price movement

10. DYOR = Do Your Own Research

11. FA = Fundamental Analysis

12. FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it's gonna pump more, so you buy high)

13. FUD = Fear Uncertainty & Doubt

14. HODL = Hold/Hold a position

15. JOMO = Joy Of Missing Out

16. Long:  Margin bull position

17. MCAP = Market Capitalization

18. Moon = Continuous upward movement of price

18. OTC = Over The Counter

19. Pump= Upward price movement

20. Saj candle= Huge green candle

21. Shitcoin = A coin with no potential value or use

22. Short = Margin bear position

23. Swing = Zig zag price movement
(Upwards and downwards)

24. TA= Technical Analysis

25. REKT= When you have a bad loss

26. Reverse Indicator= Someone who is always wrong predicting price movements.

27. RSI = Relative Strength Index

28. Whale = Very Wealthy trader/Market mover.

29. ICO= Intial coin offering otherwise know as IPO

30. Weak Hand = a coin holder prone to selling at the first sign of a deep in price.

TAKING A VIEW AT THE BLOCK CHAIN TECHNOLOGY series 4

Innovations In Blockchain Technology;

There have been a number of innovations over the history of blockchain. Without these innovations, blockchain technology wouldn’t be nearly as useful as it is today. Those innovations include all of the following:

1. Paying with cryptocurrency.

First, one of blockchain’s most exciting applications is its ability to facilitate financial transactions in a very different way compared to legacy financial systems like credit card traditional payment processors.  Recently, the rise of cryptocurrency technology has turned cryptocurrency into viable currency. 

Bitcoin: by nature, this is the first and most obvious blockchain innovation.

Blockchain:

The second innovation is when people realized that the underlying technology behind bitcoin – the blockchain – could be used for more than just bitcoin.

People realized it could be used for other cryptocurrencies, for example, or for a wide range of other industries and purposes. This is where the history of blockchain technology and innovation really took off.

Ethereum & The Smart Contract:

The second major blockchain platform after Bitcoin was the Ethereum blockchain. The primary advantage of the Ethereum blockchain over previous blockchains was the smart contract system.

Essentially, this involved building small computer programs directly in the blockchain. This allowed conventional financial tools – like loans or bonds – to be represented on the blockchain, instead of just bitcoins and cryptocurrencies.

2. System integrity.

Second, the biggest upside for using blockchain is system integrity. Cryptocurrencies and blockchain technology eliminate the need for middlemen. Hence, it’s these middlemen that tend to overcomplicate payments and charge expensive fees on top of large transactions. As such, the very design of blockchain lends itself to security.

Blockchain is a decentralized ledger. Therefore, transactions are not visible to any person besides the two parties engaging in the asset transfer. Also, crypto wallets are essentially immune to fraud due to their complexity and uniqueness. Hence, it’s difficult to steal assets. The assets become invulnerable to forgery.

For example, the  Internet of Services Foundation  has created a scalable blockchain infrastructure for the future of online business. Its high throughput processing and security offer an intriguing alternative from cryptocurrency mainstays like Bitcoin and Ethereum. To date, these cryptocurrencies have been unable to scale for mass adoption. The Internet of Services Foundation’s token, IOST, has clearly caught the eye of global blockchain enthusiasts.

3. Regulatory concerns.

Third, for those interested in commercial finance,  blockchain’s applications  in cross border transactions are particularly exciting. One of the main advantages of cryptocurrencies to fiat currencies is their ability to be sent across borders without any fees. For example, money transfers can be conducted between any two locations in the world. All users need is a connection to the Internet. 

TAKING A VIEW AT BLOCK CHAIN TECHNOLOGY series 3

FEATURES OF BLOCKCHAIN



As we mentioned in the previous series, blockchain is a distributed, digital ledger. It’s a peer-to-peer network that lies over top of the internet.

Decentralization;

One of the key features of this technology is that it’s a distributed database. It’s decentralized. The database exists in multiple copies across multiple computers. Each of these copies is identical. The computers – or nodes – all form a peer-to-per network, which means there’s no centralized database or server.

Today, organizations maintain centralized databases and servers where all their data is held. This makes these servers a lucrative target for hackers. Blockchain decentralizes data and makes it public but encrypted. Many people believe this makes it tamper-proof.

When a transaction occurs on the blockchain, data about that new transaction must be sent to all computers – nodes – on the network. This means the blockchain stays in sync as one “world wide ledger”. Instead of having multiple conflicting ledgers, there’s a single version of “the truth”.



Digital Signatures;

Another key feature of blockchain is that each transaction

on the blockchain is signed digitally, using public key cryptography. Public key cryptography involves the use of two keys – a public and private key. The public key is used to sign and encrypt the sent message, and anyone can see this key.

However, only the recipient has the private key, which means only the recipient can decrypt the transaction. Public keys are used for more than just encrypting messages: they’re also used to authenticate an identity.



Blocks Of Transactions;

The reason it’s called a blockchain is because it’s literally a chain of blocks.

TAKING A VIEW AT BLOCK CHIAN TECHNOLOGY SERIES 2

RELEVANCE OF BLOCK CHAIN TECHNOLOGY



Few days back we started a series on block chain, for those that missed the first, you can click here to know about the history behind block chain.



Block chain technology is changing industries around the world. It’s bringing organizations, governments, financial institutions, and payment platforms into a new digital age. It’s revolutionizing everything around us – and yet many people have no idea what block chain is or how block chain technology works.

Today, I'm going to be explaining the core things you need to know about block chain and block chain technology.



Going  through this post will make you marvel at d wonders of block chain ...bitcoin and other crypto currency are just like 5% of what you can use block chain technology to do...imagine someone saying everything about internet is just Email...that's just a great misconception same apply to block chain if we say blockchain is all about bitcoin.



Block chain is an open, distributed ledger that can efficiently record transactions between two parties in a verifiable, permanent way.

Block chain is the technology at the heart of bitcoin and other crypto currencies. Without block chain, crypto currencies would not exist in their modern form.



Now to further simplify the explanation of block chain; try to imagine a big accountt book in which business transaction are recorded..now this book is imaginary and well secured so that no one can alter its content or falsify it.



IMPORTANCE OF BLOCK CHAIN TECHNOLOGY



Contracts, transactions, and the records of them have long played a crucial role in our modern world. Our legal and political systems rely on contracts and transactions for virtually every core function.

Contracts, transactions, and records are used to protect assets or set organizational boundaries. They’re used to verify identities or chronicle events.

Every day, the world around us is governed by contracts and transactions. However, the way in which we record these contracts and transactions is stuck in the past. These critical tools have not kept up with the digital revolution..and that led to the creation of special technology called block chain technology to properly handle such contracts in this digital age and that’s why so many companies are seeking to implement block chain technology into various industries – the potential benefits are enormous.



Do you know that blockchain could eliminate the need for lawyers, brokers and bankers ?





Think of the importance of blockchain like this: much of the world’s infrastructure consists of intermediaries – or middlemen or our so called 'agents'

We’re not just talking about middlemen like businesses that take a cut of profit for selling goods or services.

We’re talking about lawyers who act as an intermediary between the public and the law, or bankers who act as an intermediary between individuals and their access to creditors. There’s a possibility that lawyers, brokers, and bankers could be made obsolete by blockchain technology in the future.

Instead of requiring intermediaries, blockchain technology would allow individuals, organizations, machines, and algorithms to interact freely with one another.

We’re already seeing this with blockchain and bitcoin. When two individuals want to exchange bitcoin or other cryptocurrencies, they don’t go to a bank and pay a hefty transaction fee. They complete a peer-to-peer transaction over the blockchain.



How Does Blockchain Work?



The blockchain is a distributed ledger that embeds contracts and transactions in digital code.

This digital code – and the record of these transactions – is stored in a transparent, shared database. This database is decentralized, which means it’s held by people (“nodes”) all over the world. This decentralized system protects the blockchain from tampering, deletion, and revision.

Using the blockchain, everything we do has a digital record. That means every process, transaction, task, and payment has a digital record. Each record can also be traced back to an individual: it has a signature that can be identified, validated, stored, and shared.

Ultimately, this allows organizations or individuals to conduct business in a more efficient way: with blockchain, we have a tamper-proof, verifiable, and permanent way to record transactions between two parties.

Let me give you a practical example; Imagine you promise to pay me £50 if I complete a task, and I also promise to deliver d task in a week time...we put this contract ( agreements) in to writing (but in the case of blockchain; its a digital writing of codes) and we make copies of it and share it  with our friends or witnesses and so keep copies in institutional safe like banks (sharing the copies like this makes it decentralized meaning no one has the sole power over it again)  using a combination of passwords from you and me ( known as private keys in blockchain) so each day I complete a task, I update the ledger/records till the end of the agreed period, at the end of the agreed period you will pay me and our witness holding the copies of our contract will confirm the task to have been done and transaction completed..those witness are like nodes in blockchain. so you see that in this case, you and I can't falsify  our agreement again as we are no longer the sole owner of the ledger, it has been become decentralized.

For now I will take a break, thank you for following up on the series, the next post will definitely interest you more

TAKING A VIEW AT BLOCK CHAIN TECHNOLOGY series 1

BRIEF HISTORY  OF BLOCK CHAIN TECHNOLOGY

In 2008, Satoshi Nakamoto

published a white-paper titled “Bitcoin: A Peer to Peer Electronic Cash System”. The paper claimed that it had a solution to the double spending problem in digital currency using a peer-to-peer network. The main aim of the paper was to build a peer-to-peer version of digital currency that would enable people to spend it directly without it going in a financial institution. It was a huge innovation that enabled the user to transact directly without relying on a third party.

Who is Satoshi Nakamoto? Nobody really knows. “He” could be a single Japanese man. Or he could be a group of individuals. Satoshi disappeared from bitcoin and blockchain development in April 2011, although he hadn’t contributed to bitcoin’s development since December 2010.

When bitcoin

was first introduced, Nakamoto claimed to be a Japanese man who was born on April 5, 1975. However, many people believe the use of a traditional Japanese name was a decoy; most research into the identity of Satoshi has focused on cryptography experts and computer science specialists living outside of Japan – mostly in the United States and Europe.

Why do people believe Nakamoto isn’t Japanese? One big reason is because he wrote with perfect English in all online communications; many people also believe he is British or Australian because of his use of British English idioms like “bloody hard” in forum posts.

Today, some people even believe bitcoin is one big government conspiracy, and that Satoshi Nakamoto is a government agency.

Whoever he is, it’s estimated that Satoshi Nakamoto owns approximately 1 million Bitcoins, making him valued at over $2.5 billion USD as of May 24, 2017.

Around 2014, attention shifted from Bitcoin to Blockchain. The world realized that Blockchain can be separated from the currency and can be applied to various other use-cases.

This applications and many more other  things will be discussed in my next post.

Reference;

https://bitcoinexchangeguide.com/blockchain-distributed-ledger-technology/Top of Form

Insuring your cigarette.

This Can Happen Only In USA  ?

This actually took place in *Charlotte, North Carolina*, USA.

A lawyer purchased a box of very rare and expensive cigars, then  insured them against, among other things, loss due to fire.

Within a month, having smoked his entire stockpile of these great   cigars, the lawyer filed a claim against the insurance company.

In his claim, the lawyer stated the cigars were lost 'in a series of   small fires.'

The insurance company refused to pay, citing the obvious reason, that   the man had consumed the cigars in the normal fashion.

The lawyer sued and WON!  (Stay with me.)

Delivering the ruling, the judge agreed with the insurance company that   the claim was frivolous.

QUESTIONS TO ASK PDP IN 2019

ASK PDP

If PDP come to look for vote from you in 2019, please ask why they couldn't complete Lagos - Ibadan expressway (a road that is less than 150 kilometers) after 16years in power and so much earning from crude oil sales.

In 2019 ask PDP why none of our refineries were producing when they left power after 16 years, they neither built new ones nor fixed the existing ones, which is the reason why we still import fuel.

Please ask PDP why the East - West road was not completed after 16 years in power, meanwhile they always budget for that road.

Ask PDP why Enugu - Onitsha road was not completed for 16 years yet they always budget and embezzle the money.

Finally, I have found a way to deal with NEPA!

HOW TO LOWER YOUR PHCN BILL...,...

A thread on why PREPAID METER being distributed TO ALL may never be achieved in Nigeria.
After the Nigerian Police, Nigerian Electricity distribution companies are next on the list when it comes to corruption. This has been in existence from time immemorial, just like barracks, many government have come and gone but the deep rooted corruption in the system remains
In April 2016, I moved in to my current apartment. The apartment was still connected to an old meter and there was an outstanding payment of about N385,000.00 to be paid.

This wasn't revealed to me before I made payment for the rent, as usual (that's how they all do)

JACKBOOT DEMOCRACY VS GUNBOAT LOYALTY

JACKBOOT DEMOCRACY VS GUNBOAT LOYALTY

Nigerian democracy has finally slided into one of jackboot democracy and gunboat loyalty. You either toe the line of the ruling party, or get run out of town by government security apparatchik, especially the EFCC, Police, DSS and ICPC. It has never been so bad; not even during the military juntas when Decrees 2 and 4 were used to hunt down critics of government.
The latest of these atrocities and undemocratic acts were witnessed in Benue State yesterday, where the Police and DSS physically aided 8 renegade Benue state House of Assembly members to force their way into the hallowed chambers, to begin a purported impeachment proceedings against the governor. They were led by a man who had earlier been removed as speaker by the majority and even suspended. A court order was to affirm

Family Politics; Saraki and Gbemi parallel views.

*As Saraki departs APC, sister, Gbemi, affirms support for Buhari*

August 1, 2018

Nicholas Ibekwe

The defection of Senate President Bukola Saraki from the ruling All Progressives Congress (APC) on Tuesday has awoken a dormant political rivalry within the Saraki Family that stretched back to 2011.

Few hours after Mr Saraki’s announcement, his sister and arch political rival, Gbemisola, declared her “unwavering support” for the re-election of President Muhammadu Buhari and the success of the APC.

On Tuesday, in a statement to PREMIUM TIMES, Mr Saraki said he was