What is Crypto?

This year has been a whirlwind for everyone. As a mom in Utah it’s been especially crazy.

I honestly hope that everyone is having a great Holiday/Christmas/Winter Solstice. I know it has been a while since my last blog post. It isn’t because I am forgetting to write. Life just got a little bit hard for me as my health declined during this last pregnancy.

I gave birth to a baby boy in September and because of my health he was born at 31 weeks premature. He had to spend 49 days in NICU and there was a week where I wasn’t allowed to hold him because one of my older daughters caught COVID. Not going to lie, it has been an emotional rollercoaster of a year, and I was not in the headspace to game, or to write about gaming.

However, today I wanted to introduce everyone to crypto currency and one of few trading portfolio platforms. I understand that a lot of people aren’t sure what it is and why it has become such a popular topic. I’m here to explain to everyone that one of the main reasons is that the user (you) doesn’t do anything and you’re getting money. It’s a way of investing time to create money. Without hard labor.

If you were on my homepage recently, I am sure that you saw I added a new section. You can download the word document that I wrote from the homepage. It highlights the validity of crypto currency, while also giving examples of how it works in the public market. While also focusing on a specific crypto that can be mined in the palm of your hand with the touch of a button from any finger.

I have noticed that most people shy away from crypto for these main reasons: what it is, how it works, and how obtainable it is. I will go over each topic in this blog to the best of my ability. Let’s get started!

What is Crypto Currency?

Simply put it replaces all paper money and real coin with a digital version that’s tougher to fake, there aren’t any boundaries when it comes to using it internationally and it’s stored in the user’s personal computer, instead of in a bank. Why are any of those things better than what we have originally? One reason for me is as specific and natural as it comes; I became the owner of my money.

The banks don’t get to decide how much must stay in my account to keep it open. I don’t get state taxed for trading it (I live in Utah where there’s restaurant and store taxes), and there’s no exchange rate if you are buying something internationally. That last one is awesome to me.

With a lot of federally owned banks, at least with my old bank. I had to always have at least $25 in the account, or I always got an email and letter stating they were going to close it. The trading platform I use can have absolutely nothing in it for months and I don’t get reminders that it’s going to close if there’s no money and that if I must re-open there will be a fee. Takes out a lot of that genuine worry, because I’m disabled right now and can’t work because of how sick I am.

The reason why digital currency is harder to fake is due to software programs within the technology we use that can verify corrupted or real files. Most of the time when something is fake people can’t get past a certain point. For instance, with programs on a computer, if it is a virus that has been added to a computer, it will start slowing down and the central processing unit (CPU) will begin to overload. This is due to the motherboard firmware being corrupted by that virus.

What does the explanation above have anything to do with digital money? The digital signature within the crypto coins verify that the files are genuine and not corrupted. Therefore, it can be used to trade on the crypto market for real U.S. currency through your digital portfolio.

How Do Crypto Coins Work?

The next thing that a lot of people may be confused by is how it is obtained, besides purchasing some through crypto portfolios such as Coinbase. I use this portfolio application because it gives the account holder free money by watching videos that teach about different types of crypto out on the current market.

How this works with current technology, such as computers is that anyone can download free mining software’s, such as unMineable or BetterHash. I use both programs because I have a gaming pc and a mining rig.

My mining rig runs BetterHash because I can mess with the settings and choose to profit switch between different coins. I chose this one specifically for my mining rig because it runs four different Graphic Processing Units (GPU’s) and that gives it the capacity to choose between coins. When I say I have four GPU’s, they aren’t the high end 2060’s or 3060’s. They are older GPU’s, two are Nvidia GTX 1070’s and the other two are AMD 480’s. So, I may not be making a lot a month with them, but for my family any money is better than no money. Having the rig has helped me afford medications. Which, in this economy can make or break my health at this point.

I chose to run the unMineable program on my gaming pc because it’s a smaller program and doesn’t run my gaming GPU too hot. Plus, I picked an easy coin to mine. If you are a gamer, and you haven’t investigated crypto but you’re hearing about it everywhere, please note that I run a Nvidia 1660ti on my gaming pc.

If I’m not playing a graphics heavy game, I can run this software along side my video game play and not see a difference. However, if I am running a graphic intensive game, I choose to pause my mining. I do this simply because I don’t want to give myself lag during any type of competitive gaming. That’s just silly!

GPU’s mine crypto coin by working through different level algorithms through the mining software and presenting the user with the currency that has been digitally signed by the users GPU. Basically, the software and GPU work together to figure out the users chosen coin’s specific digital signature, and when that happens, the user gets paid in shares by how hard the software and the GPU are working together to solve the problems.

Each company that has created a crypto coin has done so by using different and similar hashing algorithms. However, each crypto currency has its very own digital signature. There are various algorithms, each with its own characteristics adapted to the company’s cryptocurrencies that make use of them.

I will advocate to anyone and everyone who is unsure of the crypto market. I was one of them. Until I dove into researching the ins and outs. I know there are people out there who are unsure because the user is the one in charge of their currency and how it gains interest, how it is used, how it can be hard to track if you get hacked. That’s how I was too!

All crypto portfolio’s have what is known as Two-Factor Authentication (2-FA). This is a second layer of security for the user that these trading companies have added to their trading platform to help ease the worry of possible black hat hackers. If you are unsure of how to activate your 2-FA or need an app that continuously resets a 6-factor one time code.

As I mentioned to you before, I use the Coinbase trading platform for all my crypto trading needs. I have my 2-FA through Google Authenticator App from the Google Play Store for those who have androids and the Apple Store for those who have iPhones. You can gather more information on how it works through the links for either of the play stores.

Having 2-FA adds that extra security measure so that you can have a peace of mind, by having extra security in your hands through your phone. Recently, I had a phone completely black screen on me, and I was unable to access the app to transfer all my 2-FA accounts. Coinbase customer service was amazing. In fact, all of the companies that I use 2-FA for were very understanding and very amazing in the help that was given to recover my 2-FA accounts to my new phone. Because of the amount of security and scrutiny that crypto is under, it is a process in making sure that you are in fact the owner of the account and who you claim to be. I really was lucky enough to have someone help me through the process.

If at any point you lose access to your 2-FA account, know that Coinbase has a secure processes that will help you regain access to your account, and to help you register your new phone as your 2-FA authenticator. So, from someone who had that happen this year, in September, don’t stress out too badly if it happens to you too. The customer service department understood and were very educational about the recovery process.

How Attainable is Crypto Currency?

I could say one word: extremely. Anyone can obtain crypto currencies by joining the crypto trading platforms. In fact, if you own a Pay-Pal account currently, you can buy, trade, and sell crypto through Pay-Pal. They have adapted their program for current users.

Anyone can obtain crypto by utilizing their computer’s GPU and downloading the software onto the computer. However, there is an easier way for anyone who is interested. There were professors from Stanford University who thought that there could be an easier way for the common person; namely those who have a genuine fear of technology, the ones who have watched it come to fruition. Our older generations.

They created a blockchain that mines by the cloud from your phone. This specific crypto currency is called Pi and it mines from their cloud based Pi Network. This network has been a long-term project that depends on the contributions from its users across the world. All you must do is download the app from Google Play Store if you own an android and Apple Store if you own an Apple iPhone.

If you read this and are choosing to get involved with crypto, and especially the Pi Network, you will need a referral code from someone who currently mines. My referral code is scoobsnacks16. If anyone is truly interested in getting into the crypto market, I do suggest helping the Pi Network contributors see all their hard work come to life.

If you read this till the end. Thank you for your continued support. Love all of you and I hope you had a wonderful Christmas!