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What is Hashflare?

30th January 20188th March 2018 What is the meaning of Leave a comment

Hashflare is a cloudmining service

HashFlare is a department of HashCoins, a company that develops software for cloud mining and maintains equipment in datacenters.

Hashflare is a cloud mining company that is a part of Hashcoins. Hashcoin is an ASIC manufacturer. Hashflare started in April 2015 and operates with in EU, from Tallinn. Cloud mining means they sell mining hardware and also they run it for you. You pay maintenance and electricity. Hashflare is among the largest and most popular cloud mining companies.

HashFlare makes cryptocurrency mining accessible to anyone for an extremely low entrance point, meaning that anyone can try out a contract on a small scale to test the system says Milosz Digital Consultant from Chilli Fruit Web Consultant.

HashFlare makes cryptocurrency mining accessible to anyone for an extremely low entrance point, meaning that anyone can try out a contract on a small scale to test the system. Furthermore, Mining is not the only way you can earn with HashFlare, you can also profit from an affiliate agreement.

HashFlare’s mining equipment is stored in a hi-tech facility, design to house and host cryptocurrency mining equipment, which is kept within the best temperatures to ensure the longevity of the equipment and its performance. Furthermore, HashFlare contributes to decentralization by allowing you to choose between multiple mining pools.

Special thanks to Bogdan senior developer from Bluebird accountancy and Hal from Churchill Knight Umbrella for their great insights on this subject.

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What is AnyCoinDirect?

27th November 201727th November 2017 What is the meaning of Leave a comment

AnyCoinDirect is an cryptocurrency exchange

AnycoinDirect is a instant buying and selling platform based in The Netherlands. It’s operating in Europe supporting multiple direct payment methods, after a successful payment the bitcoins are sent instantly. This means that Anycoin Direct doesn’t hold any customer funds.

Anycoin Direct started in April 2013 as Bitplaats, serving the Netherlands with payment method iDEAL. On 1 January 2014 they started offering their services to Belgium customers with payment method Bancontact / Mister Cash. On 6 July they changed their name to Anycoin Direct , expanding their services to whole Europe with the addition of payment methods: SEPA, Sofort Banking, MyBank, Giropay, Online Bank Transfer.

What makes AnycoinDirect somewhat different from the other similar cryptocurrency spot exchanges, is the fact that it does not control client funds in any way. In other words, as soon as the fiat payment reaches Anycoin, it automatically and directly sends the cryptocurrency or the other way around. “As soon as we receive a successful payment, the coins will automatically be sent to the customer’s address. In case of a SEPA order, the coins will be sent once your transfer has reached our bank account.

AnycoinDirect, like most cryptocurrency exchanges, has a tier system when it comes to account verification. A transaction for up to €100 per day, but no more than €250 per week does not require verification. In order to upgrade to the next levels, a client needs to send a digital copy of an ID document, proof of residence and video verification.

Source: https://en.bitcoin.it/wiki/Anycoin_Direct & https://www.forexbrokerz.com/brokers/AnycoinDirect-Review

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What is Bratva?

14th September 201714th September 2017 What is the meaning of Leave a comment

Russian organized crime or Russian mafia

rossiyskaya mafiya, sometimes referred to as Bratva ( brotherhood), is a collective of various organized crime elements originating in the former Soviet Union.

Organized crime in Russia began in the imperial period of the Tsars, but it was not until the Soviet era that vory v zakone (thieves-in-law) emerged as leaders of prison groups in gulags (Soviet prison labor camps), and their honor code became more defined. After World War II, the death of Joseph Stalin, and the fall of the Soviet Union, more gangs emerged in a flourishing black market, exploiting the unstable governments of the former Republics, and at its highest point, even controlling as much as two-thirds of the Russian economy. Louis Freeh, former director of the FBI, said that the Russian mafia posed the greatest threat to U.S. national security in the mid-1990s.

In modern times, there are as many as 6,000 different groups, with more than 200 of them having a global reach. Criminals of these various groups are either former prison members, corrupt officials and business leaders, people with ethnic ties, or people from the same region with shared criminal experiences and leaders. However, the existence of such groups has been debated. In December 2009, Timur Lakhonin, the head of the Russian National Central Bureau of Interpol, stated Certainly, there is crime involving our former compatriots abroad, but there is no data suggesting that an organized structure of criminal groups comprising former Russians exists abroad, while in August 2010, Alain Bauer, a French criminologist, said that it is one of the best structured criminal organizations in Europe, with a quasi-military operation.

Source: Wikipedia

What is cryptocurrency?

2nd September 20172nd September 2017 What is the meaning of Leave a comment

A cryptocurrency (or crypto currency) is a digital asset

Cryptocurrency is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency

Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoins blockchain transaction database in the role of a distributed ledger.

Source: Wikipedia

What is Blockchain?

2nd September 20172nd September 2017 What is the meaning of Leave a comment

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography

Each block contains typically a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. Functionally, a blockchain can serve as an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks and a collusion of the network majority.

Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, or food traceability.

The first distributed blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem, without the use of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.

Source: Wikipedia

What is the Hajj?

31st August 201731st August 2017 What is the meaning of Leave a comment

The Hajj is an annual Islamic pilgrimage to Mecca, the most holy city for Muslims

The Hajj is a mandatory religious duty for Muslims that must be carried out at least once in their lifetime by all adult Muslims who are physically and financially capable of undertaking the journey, and can support their family during their absence

It is one of the five pillars of Islam, alongside Shahadah, Salat, Zakat, and Sawm. The Hajj is the largest annual gathering of people in the world. The state of being physically and financially capable of performing the Hajj is called istitaah, and a Muslim who fulfills this condition is called a mustati. The Hajj is a demonstration of the solidarity of the Muslim people, and their submission to God (Allah). The word Hajj means to intend a journey, which connotes both the outward act of a journey and the inward act of intentions.

The pilgrimage occurs from the 8th to 12th (or in some cases 13th) of Dhu al-Hijjah, the last month of the Islamic calendar. Because the Islamic calendar is lunar and the Islamic year is about eleven days shorter than the Gregorian year, the Gregorian date of Hajj changes from year to year. Ihram is the name given to the special spiritual state in which pilgrims wear two white sheets of seamless cloth and abstain from certain actions.

The Hajj is associated with the life of Islamic prophet Muhammad from the 7th century, but the ritual of pilgrimage to Mecca is considered by Muslims to stretch back thousands of years to the time of Abraham. During Hajj, pilgrims join processions of hundreds of thousands of people, who simultaneously converge on Mecca for the week of the Hajj, and perform a series of rituals: each person walks counter-clockwise seven times around the Kaaba (the cube-shaped building and the direction of prayer for the Muslims), runs back and forth between the hills of Safa and Marwah, drinks from the Zamzam Well, goes to the plains of Mount Arafat to stand in vigil, spends a night in the plain of Muzdalifa, and performs symbolic stoning of the devil by throwing stones at three pillars. The pilgrims then shave their heads, perform a ritual of animal sacrifice, and celebrate the three-day global festival of Eid al-Adha.

Source: Wikipedia

What is cloud-mining?

24th August 201724th August 2017 What is the meaning of Leave a comment

Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power

This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. There are many cloud mining scams.

Source: Wikipedia

What is Impeachment?

18th May 201718th May 2017 What is the meaning of Leave a comment

Impeachment is the process by which a legislative body formally levels charges against a high official of Government

Impeachment does not necessarily mean removal from office; it is only a formal statement of charges, akin to an indictment in criminal law, and is thus only the first step towards removal. Once an individual is impeached, he or she must then face the possibility of conviction via legislative vote, which then entails the removal of the individual from office.

Because impeachment and conviction of officials involves an overturning of the normal Constitutional procedures by which individuals achieve high office (election, ratification, or appointment) and because it generally requires a supermajority, it is usually only reserved for those deemed to have committed serious abuses of their office. In the United States, for example, impeachment at the Federal level is reserved for those who may have committed high crimes and misdemeanors. Several Federal officials, including two Presidents (Andrew Johnson and Bill Clinton, who were both acquitted) and several judges, have been impeached over the course of US history. US President Richard Nixon resigned before Watergate scandal impeachment proceedings could begin.

The federal procedure in the United States involves a vote for impeachment in the House of Representatives on a document known as the Article of Impeachment. Each separate grounds will be a separate Article. House members who support the impeachment then appoint managers who will act like prosecutors in the preparation for the Senate hearing. The hearing for removal is conducted in the Senate and in the case of the impeachment of a President, the Chief Justice of the United States presides over the proceedings (otherwise the Vice-president presides) which are conducted as a trial with witnesses being heard under oath or affirmation. The defendant has the right to legal counsel, the right to cross-examine all witnesses and to testify in his or her defense. The senators must also take an oath or affirmation that they will perform their duties honestly and with due diligence. The hearing cannot be conducted without a 50% plus one quorum. After the hearing the deliberations are held in private. Removal requires a two-thirds majority of the Senate.

Source: Wikipedia

What is Ebay?

26th April 20172nd May 2017 What is the meaning of Leave a comment

eBay Inc

Ebay is a multinational e-commerce corporation, facilitating online consumer-to-consumer and business-to-consumer sales. It is headquartered in San Jose, California. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today it is a multibillion-dollar business with operations in about 30 countries.

The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In addition to its auction-style sales, the website has since expanded to include Buy It Now shopping; shopping by UPC, ISBN, or other kind of SKU number (via Half.com); online classified advertisements (via Kijiji or eBay Classifieds); online event ticket trading (via StubHub); and other services. It previously offered online money transfers (via PayPal), which was a wholly owned subsidiary of eBay from 2002 until 2015. The website is free to use for buyers, but sellers are charged fees for listing items and again when those items are sold.

Source: Wikipedia

What is Spotify?

15th April 201712th April 2017 What is the meaning of Leave a comment

Spotify is a music, podcast, and video streaming service

It is developed by startup Spotify AB in Stockholm, Sweden. It provides digital rights management-protected content from record labels and media companies. Spotify is a freemium service, meaning that basic features are free with advertisements, while additional features, including improved streaming quality and offline music downloads, are offered via paid subscriptions.

Spotify is available in most of Europe, most of the Americas, Australia, New Zealand and parts of Asia. It is available for most modern devices, including Windows, macOS, and Linux computers, as well as iOS and Android smartphones and tablets. Music can be browsed or searched for via various parameters, such as artist, album, genre, playlist, or record label. Users can create, edit and share playlists, share tracks on social media, and make playlists with other users. Spotify provides access to over 30 million songs. As of June 2016, it has 100 million monthly active users, and as of March 2017, it has 50 million paying subscribers.

Unlike physical or download sales, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the number of artists streams as a proportion of total songs streamed on the service. They distribute approximately 70% of total revenue to rights holders, who then pay artists based on their individual agreements. Spotify has faced criticism from artists and producers, including Taylor Swift and Radiohead singer Thom Yorke, who feel it does not fairly compensate music creators as music sales decline and music streaming increases. In April 2017, as part of its efforts to renegotiate new license deals with record labels for a reported interest in going public, Spotify announced that artists who are part of Universal Music Group will have the ability to make their new album releases exclusively available on the services Premium service tier for a maximum of two weeks.

Source: Wikipedia