COLORFUL GeForce GTX1060 Graphics Card 6GD5 1506-1708MHz PCI-E X16(3.0) 2*DVI+HDMI+DP Video Card 2 Fans GTX1060-6GD5 GAMING V5

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  • Memory Interface: 192 Bit
  • Chip Process: 16 nanometers
  • Output Interface Type: DVI, HDMI
  • Memory Clock(Mhz): 8008MHz
  • Item Condition: New
  • DirectX: DirectX 12
  • Chipset Manufacturer: NVIDIA
  • Interface Type: PCI Express 3.0 X16
  • Application: Desktop, Laptop, Workstation
  • Core Clock(Mhz): 1506MHz
  • Core Clock(Mhz): 1506-1708MHz
  • Brand Name: Colorful
  • Video Memory Capacity: 6 GB
  • Cooler Type: Fan
  • Products Status: Stock
  • Model Number: COLORFUL GTX1060 6GD5 GAMING
  • Video Memory Type: GDDR5
  • GPU Model: GeForce GTX 1060
  • Graphics Chip: Nvidia GeForce GTX1060
  • Manufactring Technology: 16nm
  • CUDA Core: 1280
  • Base Clock: 1506MHz
  • Boost Clock: 1708MHz
  • Memory Size: 6G

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Graphics Cards GTX 1060 For Bitcoin Miner Colorful NVIDIA GTX iGame 1060 GPU 6GB 192bit GDDR5 PCI-E X16 3.0 Riser Cooling Fan

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  • Output Interface Type: DVI, HDMI, VGA
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  • Item Condition: New
  • DirectX: DirectX 12
  • Core Clock(Mhz): 1506/1594MHZ
  • Chip Process: 0.15 micrometers
  • Chipset Manufacturer: NVIDIA
  • Model Number: GeForce GTX iGame 1060
  • Interface Type: PCI Express 3.0 X16
  • Package: Color Box
  • Application: Desktop
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  • Video Memory Capacity: 6 GB
  • Cooler Type: Fan
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  • Video Memory Type: GDDR5
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  • Core technology: 16nm
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Bitcoin Price Watch; Here’s The Level Everyone’s Looking At

We are about to kick things off for a fresh week of trading in the bitcoin price space and expectation that we are in for a relatively volatile week. We saw plenty of volatility last week but, unfortunately, and for the main part was to the downside and the price didn’t really manage to hold onto any strength as and when it came in.

Exactly how things will play out this week is unclear – we are looking for some degree of sustainable strength to kick start something of a recovery in the space but that doesn’t necessarily mean it’s going to happen.

The real level to keep an eye on medium-term is $13,500. There is a feeling across the sector that a break and a hold above this level would serve to affect sentiment just enough to help price hold above that level and, if this is the case, and we do see the break and hold, we could be looking at $15,000, $16,000 and beyond before the month draws to a close.

Anyway, let’s try and put some levels together for today and see if we can stay on top of things later. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets according to the rules of our strategy.

The chart is a one-minute candlestick chart and it has our primary range overlaid in green.

As the chart shows, the range we are looking at for the session today comes in as defined by support the downside at 11649 and resistance to the upside at 11759. If we see a close up of resistance, we will enter long towards an upside target of 11860. Conversely, a close below support will have was in short towards a downside target of 11500.

Let’s see how things play out.

Charts courtesy of Trading View

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1-22 Price Analysis – Hedge may be the alternative

Highlights:

Price analysis of BTC, BCH, ETH, LTC and ETC for January 22.

 

BTC/USD

Resistance: $11,800 & $12,000, support: 11000 & $9,500

Data feed from AICoin

Comments:
After breaking below MA 7 during the slump yesterday, BTC has been hovering around it since then. Correction remains the main trend in the short term, making it possible for price to move towards MA 20 on 4-hourly chart. A small-range head and shoulders pattern will be formed and price will keep oscillating or going downwards if BTC fails to break above the left shoulder between $11,800 – $12,000 within session. Overall, price is more likely to close with a short lower shadow on daily chart.

Suggestions:
Investors with short positions can hold on to your chips, day traders can try playing segment, going short should be your main strategy and loses must be stopped after support level is broken.

 

BCH/USD

Resistance: $1,900, support: $1,710 & $1,580.

Data feed from AICoin

Comments:
The support level at $1715.69 can be confirmed and is becoming stronger, making BCH a good option to speculate with proper setup if BCH stably remains above the support level.

Suggestions:
New positions can be set up when price gets close to support level, stop your loses if BTC breaks below its support level and book your profits.

 

ETH/USD

Resistance: $1,170, support: $1,250.

Data feed from AICoin

Comments:
ETH also remains in a descending channel after breaking below MA 7 yesterday. Price still holds the chance to break upward if there’s a trend reversal in MA 7.

Suggestions:
You can hedge against BTC by going long at the bottom price of ETH. Long positions should be cleared if BTC goes downwards, if not, however, new positions of ETH can be set up after BTC breaks above the right shoulder.

 

ETC/USD

Resistance: $35, support: $28.

Data feed from AICoin

Comments:
ETC led the major coins by slumping by 15% yesterday. Both going short or long are risky during oscillating period, meaning that results of hedging operations will be better if you can entry at a relatively low price.

Suggestions:
Operations on ETC can be referred to that of ETH as mentioned above.

 

LTC/USD

Resistance: $205 & $217, support: $182.

Data feed from AICoin

Data feed from AICoin

Comments:
LTC shares a similar move pattern with BTC, operations can be referred to that of BTC.

Suggestions:
Except for paying close attention to price move of BTC, going short should be the short-term strategy.

 

Original by Jerry Chueng from Hashpai, translated by AICoin Jami.

Disclaimer: The information contained herein is not guaranteed, and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.

 

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Korean Crypto Exchanges to Share Data with Banks in New Account System This Month

Korean Crypto Exchanges to Share Data with Banks in New Account System This Month

The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks.

Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations

Exchanges to Share Data with Banks

The Korean Financial Services Commission (FSC) announced some additional details of the new real-name system for cryptocurrency accounts on Sunday. “The government plans to require cryptocurrency exchanges to share users’ transaction data with banks,” an FSC official said, as quoted by the Investor. The official emphasized:

Banks are expected to introduce the system, which will require cryptocurrency exchanges to share users‘ transaction data with banks, late this month or early next month.

Korean Crypto Exchanges to Share Data with Banks in New Account System This MonthThe new system will end the current practice of virtual account usage which allows anonymous trading of cryptocurrencies. These accounts are issued by banks for crypto exchanges’ customers to use to buy or sell cryptocurrencies at exchanges.

The regulators have banned financial institutions from issuing new virtual accounts until the new system is in place to ensure that “only real-name bank accounts and matching accounts at cryptocurrency exchanges” can be used for deposits and withdrawals, the news outlet described.

6 Banks to Introduce New System on January 30

The FSC’s announcement stated that 6 commercial banks including Nonghyup Bank, Industrial Bank of Korea, KB Kookmin Bank, and Shinhan Bank will have the new system in place from January 30, according to the Digital Times. Initially, the system was expected to be implemented around January 20. The publication quoted an FSC official detailing:

Six commercial banks that have supported virtual currency transactions will establish a deposit and withdrawal system to convert [to] the virtual money real-name system and provide full-fledged services from the 30th.

However, this new service “is targeted at existing virtual account users, and the opening of new accounts will [still] be suspended for the time being,” the publication noted.

Anti-Money Laundering and Taxation

Korean Crypto Exchanges to Share Data with Banks in New Account System This MonthFollowing the inspections of 6 major South Korean banks, the Financial Intelligence Unit (FIU) is preparing anti-money laundering (AML) guidelines related to cryptocurrencies.

The real-name system will be AML compliant. It is “expected to block illegal funds from money laundering as well as to filter out minors for whom virtual money investment is prohibited,” the news outlet conveyed. Banks have AML obligations which will require them to check and maintain transaction records of cryptocurrency traders.

Furthermore, the new system will allow the government to “grasp the virtual currency transaction information to some extent through the bank,” the news outlet noted, adding that:

As the government is able to access virtual currency transaction information, it will speed up taxation based on this information.

What do you think of this new system? Let us know in the comments section below.


Images courtesy of Shutterstock and Yonhap.


Need to calculate your bitcoin holdings? Check our tools section.

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More than Half of Russians Know About Bitcoin Now

More than Half of Russians Know About Bitcoin Now

More than half of Russians have some knowledge about bitcoin, according to a new survey. Awareness is higher among young people and in major cities. Three quarters of the Muscovites feel informed about the leading cryptocurrency thanks to 185,000 publications in news outlets. Bitcoin is the most popular word in Russian social media, another study shows.

Also read: Survey: Indians See Brighter Crypto Future than Americans

Young and Online (Profile of the Savvy)

More than Half of Russians Know About Bitcoin NowIn a year with major developments for bitcoin, many more Russians have become aware of the first crypto. 56% of them now say they know about Bitcoin, according to a recent survey conducted by VCIOM, the “All-Russian Center for the Study of Public Opinion”. The number of knowledgeable respondents rises to 66% of active internet users.

The awareness among young Russians has reached 75% (18 to 24-years-olds), and 71% of all men know about bitcoin. 74% of the residents of the capital Moscow and the second-largest city Saint Petersburg have already learned about the decentralized cryptocurrency.

Few of the informed, however, possess profound knowledge of bitcoin. Only a third of them know that anyone can obtain it – 34%, and some 16% think that bitcoin is actually banned in Russia. More than a quarter know, though, that coins are not only purchased, but can be mined, as well (29%). Another 44% are aware that cashing them out is not yet legalized in Russia.

Better Known as Means of Payment

Despite often described to them as asset and defined as “other property”, 40% of the participants in study know they can use bitcoin to buy and sell goods and services. The question about how secure it is to keep funds on the blockchain divides Russians. 36% of them believe that it’s hard to steal digital cash. The sceptics, who think that’s easy, form 33% of the sample.

Bitcoin is not very popular as an investment opportunity in Russia, the study finds out. Two thirds of the people that know about it, or 67%, consider spending fiat rubles on bitcoins unprofitable. Only 9% of all Russians reckon they will buy the cryptocurrency in the future.

More than Half of Russians Know About Bitcoin Now

A recent survey conducted by an Indonesian company showed that less than half of the Russian citizens expected wide adoption of cryptocurrencies in the next decade. Russians questioned by VCIOM say the main reason for their anxiety is the insufficient information about bitcoin. The findings of another Russian study, however, point to a trend that may change that assessment.

According to data collected by Medialogia, the number of bitcoin related publications in Russian media has jumped last year to more than 185,000, peaking at 56,000 in December. Changing rates, record highs, and the increasing number of bitcoin billionaires have been widely covered.

Bitcoin Tops Social Media Ratings

“Биткоин“ (bitcoin) has climbed to the top among most popular words in Russian social media. It has been mentioned in 6,543,800 posts, Medialogia statistics revealed. “Блокчейн” (Blockchain) is second with close to 1.8 million posts in 2017. The Russian words for cryptocurrency, mining and etherium have also made it to the top 10, and ICO is number 11.

More than Half of Russians Know About Bitcoin Now

Not everyone in Russia is ready to make optimistic predictions based on the latest sociological data. VCIOM’s Lead Consulting Expert, Oleg Chernozub, shares a rule of thumb borrowed from “professional investors”:

If the price of an asset is discussed in TV shows for housewives, it will soon crash!

“We shall wait and see”, as the Russian saying goes. Housewives may soon know more about bitcoin than their husbands.

Do you think that the growing awareness of bitcoin will eventually lead to widespread adoption in Russia? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Медиалогия (Medialogia).


Need to calculate your bitcoin holdings? Check our tools section.

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Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin Exchanges

Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin Exchanges

From Israel to Australia, commercial banks in various parts of the world have tried preventing people from entering the cryptocurrency market by blocking money transfers to bitcoin exchanges. Now the largest consumer association in Portugal has called out a local bank for trying to do the same.

Also Read: U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday

Banco Santander Totta

Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin ExchangesDECO, the Portuguese Association for Consumer Protection, has came out against the actions of Banco Santander Totta S.A., the fourth largest bank in Portugal. This happened following reports by Portuguese clients of the bank that it is blocking interbank transfers to accounts related to bitcoin exchanges. The association has confirmed that the bank is acting in this manner as a policy, despite not having any known legal basis to support its actions.

Founded in 1974, DECO is an independent non-profit association with charity status. It is the largest consumer association in Portugal and has been afforded the status of ‘public utility’. Hopefully its position will help clients make Santander Totta reverse its policy towards transfers to bitcoin exchanges.

Banco de Portugal

Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin ExchangesAfter trying to make a transfer from Santander Totta to a Coinbase bank account in Estonia and getting rejected, a DECO associate asked the bank for the reason it blocked the transaction. After initially avoiding the question, the bank finally answered that the operation was not allowed because it related to a “virtual currency that is not regulated.”

The consumer association has determined this action has no legal support basis in Portuguese or European Union laws.

The Portuguese central bank, Banco de Portugal, said that there is no regulatory framework established in the country for virtual currency exchange platforms and its supervisory activity does not include actions related to this specific operational reality, essentially meaning that the central bank hasn’t issued any guidelines instructing banks not to approve money transfers to accounts of bitcoin exchanges. Additionally, at least one other Portuguese commercial bank, Novo Banco, commented to DECO that it has no current restrictions in place to inhibit these operations.

Should any banks be allowed to decide on their own that they are blocking transfers to bitcoin exchanges? Tell us what you think in the comments section below.


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

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This Week in Bitcoin: Up, Down and Sideways

This Week in Bitcoin: Up, Down and Sideways

It was the best of times, it was the worst of times. From the hubris and excess of the North American Bitcoin Conference to the gloominess of the crypto markets, it’s been a feel-o-coaster of a week. Fear, uncertainty and doubt were the overarching emotions amidst a turbulent seven days, but there was also space for cheer, schadenfreude and disbelief. Welcome to another week in bitcoin.

Also read: Blockchain Rolls Out Trading Feature for 22 States in the U.S.

High Drama Amidst Low Prices

This Week in Bitcoin: Up, Down and SidewaysThis week in bitcoin managed to cram in more drama than a Mexican telenovela, with major market drama, regulatory drama, and Ponzi drama to name but three. Things started smoothly enough, with our leading story, as Monday broke, addressing the fact that 80% of all bitcoins have now been mined. Traditional media picked that one up and ran with it. Appreciation of bitcoin’s scarcity failed to stop the rot though, as bitcoin started to slide, taking the rest of the cryptocurrency market down with it.

Everyone had a theory behind the slump that saw bitcoin drop below the champagne threshold of $10k for the first time since early December. It was a price bracket that many thought we’d never see again. Theories postulated included threats to ban crypto in South Korea, threats of China cracking down further on bitcoin mining, historical data which shows bitcoin always performs badly in January, or the fact that bitcoin was “overbought” in the run-up to CME and Cboe futures launching last month, and thus a correction was necessary. Some people even chose to blame falling markets on the cycles of the moon, which seems as good a theory as any.

It Came From Korea

It’s impossible to review a week in bitcoin without acknowledging Korea, so here goes: our most popular story concerned government officials profiting on advance knowledge of regulatory action. That’s right, insider trading. Everyone seems to be at it, though it doesn’t require a man on the inside – simply the ability to sense a storm coming, as futures traders appear to have done, according to Eric Wall. He notes “there was an unusual increase in short positions around January 11. At the same time, the price was just bouncing around in the 12800-14200 range.” In other words, the markets looked normal, but futures traders had an inkling that something was brewing.

This Week in Bitcoin: Up, Down and Sideways
This week bitcoin pulled a Bobby Ewing and came back from the dead.

On Wednesday, every asset in the cryptocurrency top 100 was in the red. 24 hours later and we were back to fields of green. It was a non sequitur the likes of which hasn’t been since 1986 when Dallas’ Bobby Ewing reappeared in the shower after having been killed off in the previous season. In the words of Biggie Smalls, it was all a dream. The dreaming didn’t last for long unfortunately, as by the weekend the market revival had died out and we were back in the low eleven-hundreds. Quick, someone order more tethers.

Bitcoin Gets a Haircut, Bitconnect Gets Scalped

This Week in Bitcoin: Up, Down and Sideways
TWiB podcast: now available on Spotify.

If bitcoiners thought they had it bad, they should spare a thought for bitconnectors. All those with their wealth locked up in the Church of Ponzi had their assets savagely crushed from $290 a token to $18. It would be heartening to say that everyone who got duped by Bitconnect has learned their lesson, but judging by the number of “victims” who are now piling into the Bitconnect X ICO or Davorcoin – yet another Ponzi – the signs aren’t encouraging.

To finish this week’s highlights, of which there are too many to list as usual, we have another tale from South Korea, suggesting that normal banking service may soon be resumed for cryptocurrency exchanges, which is just as well given the rate at which new exchanges are springing up in the country. While the mantle of crypto-friendliest Asian nation resides with Japan for now, in Europe, Belarus is staking a claim as a new haven for crypto’s rax averse.

If you’ve had the temerity to skip straight to the end of this review for the This Week in Bitcoin podcast, here it is. In it you’ll get the tl;dr on this week’s burning stories, delivered by your amiable host Matt Aaron. Catch you next week for more highlights from the heart-stopping world of bitcoin.

What was your favorite story from this week in bitcoin? Let us know in the comments section below.


Images courtesy of Shutterstock and Dallas.


Need to calculate your bitcoin holdings? Check our tools section.

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Grayscale Will Launch Stock Split for Bitcoin Trust Shares

Grayscale Will Launch Stock Split for Bitcoin Trust Shares

This week the sponsor of the Bitcoin Investment Trust, Grayscale Investments has announced the launch of a 91-for-1 stock split of the Trust’s issued and outstanding shares. According to Grayscale, the division will take place on January 26 and shareholders will receive 90 more shares on top of their original shares held.

Also read: Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers

The Bitcoin Trust Is Creating a 91-1 Stock Split

Grayscale Will Launch Stock Split for Bitcoin Trust SharesGrayscale Investments, Bitcoin Investment Trust (OTCQX: GBTC) is a popular investment fund based on the price of bitcoins held in reserves. Most investment trusts own a fixed amount of the asset and investors purchase shares of the Net Asset Value (NAV). One GBTC share is worth around 1/10th of BTC and users also pay portfolio maintenance fees. Investors like GBTC because it is considered one of the only stock tied to real bitcoins that are offered on a public stock market. Because BTC values have rallied for well over a year GBTC prices have followed suit making the price per share a bit expensive for some. Unlike purchasing bitcoins in fractions, investors have to buy an entire share to get in on GBTC investing. The increased price has made it harder for ordinary retail investors to buy shares so Grayscale has decided to create a stock split.

From $1,800 Shares to $18 Per GBTC

Grayscale Will Launch Stock Split for Bitcoin Trust SharesBasically a stock split or divide increased the number of shares allocated to the investment vehicle. For instance right now Grayscale holds 1,916,600 shares of GBTC and one share is worth 0.09242821 BTC. If a user purchases ten shares, then they have the equivalent of 1 BTC and Grayscale holds a total of roughly 170,000 BTC. With the launch of a 91-for-1 stock split every share that’s worth .092 BTC will drop to 0.00101 BTC. After the split, there will be 174,410,600 GBTC shares in circulation. Grayscale believes the move will make GBTC shares more affordable and it will entice retail investors. Currently, one GBTC share is roughly around $1,767 USD, and after the split, it will be worth about $17.60 respectively.  

“It is the only product (of its kind) available to investors for purchase at net asset value,” explains the Grayscale director Michael Sonnenshein in a recent video interview.

Grayscale Will Launch Stock Split for Bitcoin Trust Shares
The Bitcoin Investment Trust price per share at 2:30 pm EDT on January 21, 2018.

The Possibility of Even More Shares and Automatic Issuance

Grayscale also reveals that the stock split could result in more shares than estimated on January 26.

“After the close of business on the record date, the Trust will announce the total number of shares that will be issued and outstanding immediately after effectiveness of the stock split on January 26, 2018, which will give effect to any such new shares created after the date of this press release and up through the record date,” Grayscale Investments details.

Shareholders are not required to take any action to receive the shares in connection with the stock split and they will not be required to surrender or exchange their shares in the Trust — The transfer agent will automatically issue the new shares in the stock split.

Stock Splits Can Affect a Stocks Overall Value Either Negatively Or In a Positive Way

Stock splits happen all the time in the financial world, but it’s interesting to see the method applied to an investment fund based on actual bitcoins held in storage. There are two scenarios that could happen when more GBTC shares become available as far as the stock’s price. One, the market could get over diluted, and the price drops in value at some point after the split; or, the split shares could make the overall asset holdings increase in value while also creating more accessibility to ‘average Joe’ investors. Grayscale is hoping for the latter outcome.

What do you think about Grayscale splitting GBTC? Let us know your thoughts in the comments below.


Images via Pixabay, Grayscale, and Google Finance. 


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