Currently, I am mining the new crypto, Signatum. Its been a good one thus far and I haven't sold anything. I am mining with two rigs at an average of 115MH/s.
Fairly decent, since the halving of the rewards I am still mining a little over a 100 sig if I mine all day. I try to stay under a certain amount of electricity usage for a month so I do not end up in the next billing tier. <<--- A little random information.go
At the current price of .08, I make $8 at 100 sig a day of mining. I probably spend $3 on electricity. So $5 in profit a day from this coin, at its low time.
I am hoping to see this coin go up after the next reward halving.
Recently, after Signatums' interview with CryptoChat, has left some naysayers and want to associate this new Signatum coin with Burstcoin.
The naysayers can be found in the comments section the youtube video found here.
After reading these comments and checking into what happened with burstcoin, it does not seem to be valid to say Signatum will follow Burstcoins pitfalls and appears to be a misunderstanding from many of the Burstcoin community over what happened.
I never began mining Burstcoin and did not purchase any, so my opinion is not very informative.
I can say this, I believe that whatever happened with Burstcoin was a mess, and I still am a firm believer in the this new coin.
The way is was released completely fair and without any devs taking any pre issued coins as well. So dont get caught in the FOMO's ("Fear of missing out")or FOLIA's ("Fear of losing it all"), people.
Hold your coins and sell high, like really fucking high.
Because I'm new to the cryptocurrency game you have to explain what the coin is backed by. LAToken is backed by equity in real estate, bouilloncoin is backed by gold, and Steemit is backed my social media.
Would it make sense to invest in solar panels to run your computer farm? It should keep you on the lower tier level of electricity usage. And if you decide to stop mining it will help you with your normal electricity bill would it make sense to invest in solar panels to run your computer farm? It should keep you on the lower tier level of electricity usage. And if you decide to stop mining it will help you with your normal electricity bill.
I think it would be. I live in an aparment, so I cannot currently or else I would.
Signatum, allows for transactions to be made anonymously using TorNodes.
There are no 'Whales', the ability to truly remain anonymous. True decentralization of government entities.
In addition, a short 100 day mining period, which prevents mining by ASIC chips.
These are what in my opinion, give this coin its backing.
I see where you are comming from, but in my question to you is what gives Gold its backing?
At the end of the day its all about how much do you think it is worth?
I cannot go to s tore and spend Gold, but I can use Signatum to purchase items on cryptopia.co.nz
In my opinion gold is just another metal and I see no point in investing in it.
For 5000 years people have traded gold for goods and services. I can take a gold coin to any pawn shop and get local currency. To the younger generation gold seems to be losing it's glitter. Now that kids don't get married much anymore, the demand for gold rings 💍 has gone down.
How much is that coin worth if you have no power, no internet, and no computer 💻.
The same goes for any crypto, but same goes for the dollar. There is little physical cash that actually circulates the nation in the US.
If we did not have electricity tomorrow no one be able to access theyre bank accounts, leaving gold pretty valuable to some.
But in a security controlled state, crypto that disguise the currency holder and transaction maker, it could be invaluable to many.
Even the the US.
Especially with a 5% APR for staking.