The Environmental Impact of Crypto Mining: How Big Is It?

October 8, 2022January 8, 2023 Admin

Environmental issues are at the forefront of the news cycle. First blush logic might dictate that the management and recovery of virtual money within the virtual space would take little, if any, energy. Blinkety–bop; the digital transfers and engagements happen in the blink of an eye…right? Hang on. Not so fast. Article published courtesy of https://coincruncher.com, and https://cloudcoin.global.

Believe it or not, cryptocurrency is quickly raising alarm bells for environmentalists.
The main area of concern is the use of fossil fuels to provide large scale energy for crypto mining. This use is exacerbated by the blockchain: long, clunky blocks of code that take hours to download, authenticate, and upload again…. and so on.

But in what way does this lead to heavy power consumption?

Bernard Lietaer is the author of The Future of Money and an international expert in the design and implementation of currency systems. He has a great deal to say about the cost of power–literally–in crypto mining. “A cryptocurrency’s mining process is power-hungry, requiring heavy calculations on computers to verify transactions” points out Lietaer. While some estimations vary, “researchers at Cambridge estimate that it consumes about 121 kWh per year” writes Lietaer. And by these numbers, he points out, even when blockchain trades run at a low point, mining takes tremendous amounts of electricity. “In the event of a currency slump, it is unlikely to fall below 36 terawatt hours (TWh) per year.” (Lietaer)

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The Trouble with Blockchain Crypto Wallets and Public Exchanges Not All Are Created Equal

September 8, 2022January 8, 2023 Admin

Most cryptocurrencies are stored via wallet, exchange, or use obscene amounts of storage on your personal devices. CloudCoin offers a light, simple authentication code that can be stored in photos, USB drives, or the coin itself. With CloudCoin, authentication codes are not only more secure–but completely anonymous. Article published courtesy of https://coincruncher.com, and https://cloudcoin.global.

What is a crypto wallet?

When you access your physical wallet, at some point you, yourself, are putting cash in. You are able to physically view that cash, monitor and safeguard its security, and spend it as you will at any time. The idea behind a crypto wallet is to work much the same way. It is a software-based platform ostensibly designed to make your cryptocurrency more accessible to you. The goal is to give you the ability to store your crypto electronically and send and/or receive your crypto in much the same way as a physical wallet. What you put in, you should be able to just as easily take out. Or at least…that’s the idea.

But the devil is in the details.

Blockchain-based crypto wallets cannot be anything but pseudo-anonymous.

Unlike the cash in your physical wallet, which only you see and engage with, blockchain-based crypto wallets involve third-party accountability that requires surrendering a certain amount of privacy. Crypto wallets are the electronic platforms that most often require that you purchase software or pay per-transaction fees to use. Unlike your personal wallet, however, crypto wallets work less like a storage space and more like a record of transactions. That is to say, they are “pseudo anonymous”: they must not only track and record transactions, but also associate you with those transactions. You pay to use them, yet you are not afforded complete privacy. Using them can mean surrendering a certain degree of anonymity, and it’s a reality that few consider.

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Security Check up: Is Your Crypto Safe?Tips For Handling Security With Cryptocurrency

August 8, 2022January 8, 2023 Admin

It is no secret that we take security very seriously here at CloudCoin. If you are new to cryptocurrency or feeling particularly uncertain about your trading habits, here are some tips for protecting yourself while trading online. Article published courtesy of https://coincruncher.com, and https://cloudcoin.global.

Always move your crypto from devices that need servicing

Does it seem like the battery on your computer isn’t lasting as long as you like? Has your PC seemed a little warmer than usual? Consider moving your crypto from devices that may have trouble on the way. You don’t need the most powerful computer to trade. You need a computer that functions properly. Consider the implications of getting your computer serviced with someone who will have full access to your files.

Never auto-generate or save crypto-related passwords

What if that PC gets the “blue screen of death”? What if your child decides today is the day to test the interaction between magnets and motherboards? Create strong passwords, but make sure you write them down! Although auto generating strong passwords through Google or Firefox is usually a reliable strategy for most daily online activity, it just doesn’t cut it if you are taking cryptocurrency seriously. Experts encourage using a strong password; but saving these passwords to your PC is a huge risk.

Entrepreneurship, Money & Finance3 Comments

How To Improve Your Business Cash Flow Via Factoring?

September 30, 2014 Luke

Invoice factoring can be a boon to your business if you handle it right. It is always great to have funds to handle your finances, meet expected and unexpected expenses in business and increase your working capital when a need arises. Bank loans may be great but they do not work for all. By using invoice factoring, which is a best option with the least eligibility conditions, you can manage your financial needs perfectly well.

Invoice Factoring – Quick And Lasting Solution

You cannot always predict when an urgent financial need would arise. Even if you are eligible for bank loans, the process involved for sanction of loan could be tiresome and definitely not as fast as invoice factoring. Moreover, you do not bind yourself to any long term commitment if you seek factoring firm for cushioning. You can have a comfortable arrangement where you can seek their help when a need arises. Since you get paid on your invoice, you do not suffer the hassles involved if you go for a loan. The procedure is quite simple. Once you have your invoice ready for a product sold or a service offered, you can send it across to invoice factoring firm, which, after verification pays you up to 90% of your invoice value in advance. You get the remaining amount paid after deducting a nominal fee once your customer pays your bill. This arrangement helps to improve your cash flow. Let us see how.

Immediate Funds For Urgent Needs

Many businesses offer up to 3 months credit for payment to their customers. If you fall under this category, invoice factoring will help you to have a smooth cash flow. Since you get paid by the factoring company you need not wait till your customer pays you. You can manage your expenses using the cash and you are perfectly in trouble-free zone. Continue reading “How To Improve Your Business Cash Flow Via Factoring?”

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Money Management Tips from 7 Billionaires

September 24, 2014September 24, 2014 Admin

The website 21stcenturynews.com.au published an interesting article about

Money management skills do not come effortlessly and naturally to all. Spending wisely and living frugally prove to be a challenge to a number of people, and this is when money management becomes of utmost importance.

No other bunch of individuals can best offer pieces of advice on how to properly handle money than the world’s billionaires. The fact that they have risen above everyone to amass great wealth should be enough reason to trust what they have to say.

If you’re looking to spend less, save more, and do all the right things with your money, we suggest you take note of these money management tips from seven of the world’s billionaires:

Bill Gates (net worth: $79 billion)

The Microsoft co-founder and former CEO believes in learning from past mistakes. According to him, “It’s fine to celebrate success, but it is more important to heed the lessons of failure.” Never forget the money problems you’ve had in the past and the factors that caused them. Think of what works and what doesn’t whenever you’re making a money-related decision.

Oprah Winfrey (net worth: $2.9 billion)

The inspirational woman billionaire, TV personality, media executive, and philanthropist says finding your true passion is the first step to success. Figure out what it is you really love to do, and you’ll see that spending for it will be worth it. Nothing can ever present real value for money than something that brings fulfillment. Continue reading “Money Management Tips from 7 Billionaires”

Money & Finance1 Comment

What Is Invoice Finance And When Should You Use It?

September 9, 2014 Luke

Simply put, Invoice Finance refers to the short term loan provided by various financing companies to supplement a business with working capital. When a business provides a product or service to a company it issues an invoice to the buyer. Depending on the nature of business, there can be several situations when the business receives the payment in a time of 30-90 days. While the payment is being processed, the business would often require working capital to maintain itself for those 30-90 days. Invoice Finance is a loan provided by financial institutes utilizing the unpaid sales invoices as collateral.

Continue reading “What Is Invoice Finance And When Should You Use It?”

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10 Ways Rich People Think of Money Differently

August 20, 2014 Admin

New Girl star Zooey Deschanel enjoys an income of $95,000 a month but reportedly still lives on $22,500 a month, and that already includes her donations to charity. Veronica Mars actress Kristen Bell is also very proud of using coupons for her daily expenses. Facebook founder Mark Zuckerberg, whose net worth is $9.4 billion, still drives a simple Acura. Zara founder Amancio Ortega still lives in a low-key apartment with his wife in La Coruña, Spain, and still drives a simple Audi A8.

Wealth creation is not an exclusive ability, but there are common aspects that rich people share that average people do not possess.

Authors like Steve Siebold of “How Rich People Think” have already documented such traits. The list below is derived mostly from Siebold’s survey but some are taken from other sources. Check out the list below and see if you can emulate these traits. Continue reading “10 Ways Rich People Think of Money Differently”