Crypto Social Media

Article: An In-Depth Look at Iris, a New Decentralized Social Network - Bitcoin.com

One of Bitcoin's earliest developers, known as Sirius, has come up with a new social media platform, Iris. The intent is to store your information on your computer, instead of letting it be used by platforms like Facebook.

This new social media site shares a space with other crypto-based platforms like Memo.cash.

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Crypto Stamps Available

Article: Austrian Postal Service Releases Crypto Collectible Stamps - CoinTelegraph

Austria has come out with a stamp that runs on blockchain. The stamps come in two parts: One that is a collectible which is usable for postage, and the part you keep, which has the credentials for the collectible.

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Smallest Bitcoin Amount More Valuable Than Some National Currencies

Article: Create a Custom BCH Address With Vanity.cash - Bitcoin.com

The debate over Bitcoin, and cryptocurrencies, has been that is it "real money" or not. Well, now, the smallest amount of Bitcoin, 0.00000001 BTC, is more valuable than a single unit of national currencies from Iran (the Rial), Vietnam (the Dong), and Indonesia (the Rupiah).

Bitcoin has always been on the hunt for achieving certain goals when it comes to being taken as serious, actual money. Well, that goal has once again been achieved.

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Ger Your Vanity Bitcoin Address!

Article: Create a Custom BCH Address With Vanity.cash - Bitcoin.com

There are a number of services out there that allow you to get a vanity Bitcoin address. You can go for just a few first characters for free, or put some coin down, and get a fuller vanity address.

The addresses need to be mined. So, when you want more characters, you will need to pay for the privilege. The choice is yours! But, if you want one, check out the article for information.

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Facebook to Announce Cryptocurrency This Month

Article: Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary - CNBC

Facebook is announcing its cryptocurrency later this month, according to The Information. The company is planning physical ATM-like machines where users can buy the currency, the report says. Employees working on the project will be able to take their salary in the new currency.

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EOS Developer Announces Crypto Twitter

Article: EOS Developer Block.One Might Build Crypto Twitter - InvestInBlockchain

EOS blockchain developer Block.One is launching a new blockchain-based social media platform called Voice. The firm announced the platform during the B1June KeyNote on June 1, and it was the highly anticipated announcement hyped up by Dan Larimer.

Information on Voice is here: Voice.com You can sign up to be considered for a Beta Testing position.

Meanwhile, EOS itself took a hit today, owing to the maxim, "Buy on the rumor, sell on the news." EOS is expected to still do well, however.

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Rise of Bitcoin Factories

Article: The Rise of Bitcoin Factories: Mining for the Masses - Wall Street Journal

NOTE: The above article may only be available to non-subscribers for a limited time.

Bcause is a company that houses mining rigs for clients. But, they also want to offer cloud mining by charging $4,800 for one year of using one Antminer S9. I consider that to be unusable.

The objective of mining companies like Bcause is to make money off of your wanting to make money. It is unlikely that you will make your money back. Bitcoin difficulty continues to go up, and by time your S9 comes online, it is unlikely that you will be profitable. If you want Bitcoin at this point, you need to simply buy it.

It's really just too late to get into Bitcoin mining. Mining of other coins could possibly be profitable, but not Bitcoin. I bought one Bitcoin rig in October and received it in December. With that one, I will be working to break even on it. I might make a 100% profit on it over time, at the most. But, that's it. Bitcoin would have to go up quite a bit for it to be truly profitable.

I got into mining because I enjoy the technology, and I enjoyed the challenge of setting up my two Antminers, setting up the networking, setting up the electrical. But, I know that profitability, such as it is, is nothing to count on.

My 5 TH/s Bitcoin cloud mining at Genesis went online October 31 of last year. But, Genesis takes a 30% cut of what you make. And, while I will make my money back, that much of a hit to what I make should tell anyone that Bitcoin mining at Genesis, at this point, should be absolutely avoided.

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