Day: August 18, 2021

Bitcoin prices bottomed out at just over $ 3,500 in March thanks in part to the COVID-19 pandemic and the upcoming halving event in May that reduces the amount of new Bitcoins rewarded per block from 12.5 coins to just 6.25 coins. Yet, since then, the price has done almost nothing but rise. As of this writing, the price of Bitcoin is hovering around $ 7,000.

While it would be easy to suggest that last month’s price drop was the result of a pandemic alone, obviously that wasn’t the only reason. The fact that investors were setting prices and the impact of the upcoming halving event may also not be the only reason. Changes in spray rate may also be part of this reason.

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What is the scattering rate?
The blockchain network scatter rate refers to the speed at which transaction blocks can be grouped, while cryptographic puzzles are solved to validate those transactions and reorganized into hashes (or strings of characters that represent a particular transaction). If the scattering speed is low, it means that the network is moving slowly through transactions, and crypto miners are solving cryptographic puzzles at high speed, which means that they have to wait longer for the reward.

Whenever a component has to wait longer to make money, it is logical that its profit margin is probably not that high. Since March 21, the day when the price of Bitcoin suffered a sharp drop, the spread rate has increased and risen by 10%. That’s pretty big growth in a short amount of time!

How does the hash rate affect the price of bitcoin?
Part of the reason the scattering rate has increased is that the difficulty of solving these cryptographic puzzles on the blockchain has decreased. The higher the number of hashes per second that can occur, the greater the implied power to move the network forward and confirm transactions.

It then makes sense that increasing the rate of dispersion would further reduce difficulties and allow miners to move faster through transaction validation, making their efforts more profitable again.

The implied difficulty of how long it takes to validate transactions oscillates based on various factors, including the number of transactions going to the Bitcoin network at any one time, how many nodes are involved in validating those transactions, how much power they have to put on the network, and of course what happens in wider economy or given the coronavirus pandemic.

So, the reason for the rise in the price of Bitcoin is that more transactions are confirmed and once again the stability of the network is proven. That difficulty is likely to change within a few days, and the price is likely to fall after the recent launch of the bulls.

Why economic uncertainty and COVID-19 prove the value of Bitcoin
The more important thing to consider with everything that surrounds Bitcoin in everything that happens in the world is that while governments pump out incentive packages and grants to citizens to keep the economy afloat, governments ultimately expect money to somehow return to the economy.

The problem is that not everyone will return at the same speed or with the same force. There will be a void. There are currently people who have been fired and will not return the job when it is done, and there are debts that must be settled that will not necessarily be paid off, even if billions of dollars are allocated to both corporations and individuals during that time.

In contrast to the Bitcoin network which must surely deal with fluctuations but also cannot be counterfeited or duplicated in times of uncertainty. Everything related to Bitcoin supply and demand moves algorithmically. While whales investing in the market can certainly manipulate the price, the long-term value of the blockchain is what will sustain Bitcoin and other digital currencies during these times. Over the years, this current dose of uncertainty could be what catapults the adoption of Bitcoin to a whole new level and allows digital currencies to slowly rule the world, even though some of the world’s smartest investors and economists still ignore its value.

The domain of virtual reality or VR is a tough nut to crack, no matter from which side you approach this problem (and opportunity). As many of those who follow the world of this particular technology know really well, VR technology has been approaching a breakthrough point for almost twenty years.

At the same time, at least two characteristic technologies have been developed and presented to the public as a complete solution that will finally bridge all problematic gaps. Each of these gaps is a source of problems and difficulties for the VR development community, whether the problem is based on some elements of a hardware setup, software, or a combination of the two.

However, there is now a new technology that has already changed the world and is coming in the form of a blockchain. Today, millions use it to access cryptocurrencies like bitcoin that one can get used to gambling online , buy goods or services and do many other things, but there are many more alternatives to their applications.

Naturally, many of these applications fit well with other technologies and industries, ranging from established to emerging markets. That’s why many quarters of the development community are calling for merging VR technology with some aspect of the blockchain that would finally bring it home in terms of a final market breakthrough.

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VR technology development cycle
It takes a bit of history to understand the overall development process associated with virtual reality technology. At its core, the technology represents a search for a visual representation of the 3D environment, along with an authentic perception of depth.

Today, while 3D image display technology has been around for almost four decades, the actual 3D VR setting remains somewhat elusive. This is strange mainly because the devices, mostly in the form of headphones, have been introduced by technology companies since the early 1990s, who claimed to have opened the VR domain to the public.

However, each time, despite the technological demonstrations presented by the same companies, the actual driving technology failed to transform into a fully defined end product. Instead, these devices persisted for some time, largely thanks to the endless enthusiasm and hope of the VR community, after which they became part of the history of technology.

A nagging problem
The key to actually displaying 3D images on a 2D surface was truly unlocked many years ago. By projecting an image in stereo mode, which means in different ways for each user’s eye, the technology can mimic the way we differentiate depth in general and provide a sense of space. This suits everyone who has ever tried any VR headset.

However, a problem that poses a big issue for a large percentage of users is the problem of nausea or motion sickness. The same thing happens because the brain and body are in conflict over what is happening – while the user’s inner ear tells them to sit, their eyes tell them to move. Commercially, this could be a disaster for anyone who buys such a device and eventually gets sick of it.

New generations of VR devices are actively trying to find a way around the problem, but so far no silver bullet has been found. Chances are that the solution will come as a mix of small improvements rather than a big and radical change in VR root technology.

But even today, most diseases completely subside after a certain amount of time spent using the device, but investors generally see this as breaking the agreement for VR, which is otherwise perceived as a risk-averse field. This is why finding funding and investment opportunities has always been a big challenge for VR developers. But it seems that blockchain technology, mostly its ICO procedures, could change that in a way that could make development a much more feasible perspective.

The Decentraland case
Decentraland is a VR project created using blockchain technology. He recently managed to raise more than $ 26 million using ETH in his ICO or initial coin offering . The project is described as a process of creating a virtual world in which blockchain technology is used as a register for land parcels (in this case digital plots).

The ICO brought the company over 86,000 ETH and reached its pre-set firm limit in about 60 minutes. The speed with which this happened reminded many of the Bravo ICO browser, but it ended in less than a minute. At the same time, the ICO process remains the focal point for any complaints in the FinTech community, although over $ 500 million was raised in July 2017 through this particular funding model.

For Decentraland, this is a great opportunity to raise funds and attention for their venture, which will most certainly require a lot of public engagement to become successful . While the wealth of the company and the project is in no way set with this ICO, they show that offline thinking is the way forward for the VR community.

Other VR-Blockchain ventures
The blockchain domain offers two distinctive VR developer capabilities. The first comes in the form of the FinTech application, where cryptocurrencies could act as a means of financing and / or monetizing. The nature of digital currencies shows that users are already friendly to new technologies, so it can be safely assumed that many would also be receptive to VR devices.

Of course, not every VR project has the resources or need for blockchain technology. However, most of them were able to apply it somehow and with great success. Today, with another focus on VR that is clearly passing, no company in this field can afford the luxury of ignoring potential aids in its quest to bring virtual reality to the public and make money on it.

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Freeroll Poker vs. Play Money Poker
Most poker players confuse freeroll poker tournaments with play poker tournaments. Very different games. You can play in play money poker tournaments for free, but the prizes awarded are only in game chips. Even if you win the tournament, you will never win a penny or satas in the actual currency.

In freeroll tournaments, you have the opportunity to win real cash prizes. The prizes are not huge, but if you are making money, you can use that money to play on the poker site. As long as entry is free, you can still play real money poker.

Bitcoin Poker Freeroll

Freeroll structures and rewards
Various forms of freerolls can be found at Bitcoin poker rooms. These games reward the best players with free Bitcoins. On some sites, freerolls are only available through promotions. For example, Americas Cardroom may offer new player freerolls with prize money. Applications will be awarded as part of the Welcome Bonus sites.

Other freerolls can be run randomly on Bitcoin poker sites. Sometimes freerolls are part of a special tournament series. Newer poker rooms are offering freeroll poker tournaments to increase website traffic. Other sites, such as Blockchain Poker, offer free tournaments every hour to keep players engaged.

Poker bitcoin freerolls come in two common formats. The first is freezeout tournaments, where players are given a single entry to try to win the tournament. These events have a static payout set. This is followed by re-entry or rebuy freerolls. These tournaments allow free entry, but if they are knocked out in the re-entry phase, they can buy back using Bitcoin or cryptocurrency. Returning freerolls start with a static number of payouts, which increases as players re-enter.

In terms of payouts, Bitcoin freerolls usually pay a lower percentage of players than regular online poker tournaments. Sites offering freeroll tournaments usually pay about 5% of the total field, up to 1% of the field. For example, if a tournament attracts 1,000 players, only 50 players can be paid. In an extreme case, only 10 can receive a payment.

Keep in mind that an online poker site can offer freeroll poker tournament satellites that reward entry to larger tournaments. Often, these freerolls only pay for one or five seats per tournament.

Select a Bitcoin Poker site
Before you can play poker for the first time in a Bitcoin poker freeroll, you need to choose a Bitcoin poker site. There are several factors to consider when choosing a poker room. Here’s a quick overview of what to look for on poker gambling sites:

Games – Does the website only offer Texas Hold’em or other forms of poker? Sites with multiple poker variations usually attract more players.

Tournament Guarantees – Check out the poker tournaments section and see the guarantees. Are the guarantees generous or small? If there are a lot of smaller guaranteed tournaments on the site, the tournament fields and prizes will not be too big.

Promotions – In addition to freeroll poker tournaments, the poker room also offers other forms of Bitcoin bonuses. How generous is the welcome bonus and are reload bonuses available? Does the site have a rewards program? Do they offer rakeback?

Traffic – The two ways to judge traffic are the number of cash tables running and the guarantee of competition. If many tables are running with a queue, that’s a good sign. If the site has greater competition guarantees and regularly fulfills these guarantees, it means that there is good traffic to the website.

Customer Service – How is the website supported? Can a poker player find answers to many basic questions in the help? Does the site offer Live Chat support?

Deposits and Withdrawals – Sure, you want a site that offers Bitcoin deposits, but does it offer deposits in other cryptocurrencies? In addition, are there fees for depositing and withdrawing cash? The best sites allow you to deposit in Bitcoin and at least some top altcoins. In addition, the site may not charge a fee for payments or withdrawals. We charge miner fees, but the blockchain does this and the poker site cannot verify these fees.

Is Bitcoin Freerolls Worth Your Time?
The main question for spectators at poker Bitcoin freeroll tournaments is whether they are worth playing. The answer depends on your goals and willingness to pay. If your goal is to build a poker bankroll from scratch, freerolls will be the best solution. If you want to play Bitcoin poker with little and no risk, freerolls are for you.

However, if you don’t mind depositing, the freerolls may not be worth your time. Keep in mind that the amount of Bitcoin you get is minimal. In some cases, the grand prize can only be worth a few cents at Bitcoin. Some sites don’t even award that much.

Finally, Bitcoin poker freerolls are best suited for newer players or those who want to play for free. Games can offer a valuable experience while allowing you to start building a small bankroll. There are poker players who have played poker freerolls and rolled big bankrolls from scratch, but it took time and dedication. If you have the time and commitment to spin it up, Bitcoin freerolls are perfect for playing poker.