Bitcoin Diamond is another attempt to solve the problem of the main cryptocurrency. The release of the currency occurred as a result of the division of the digital gold blockchain. Coins now evolve independently of the prototype, following their path. Users are ambivalent about the new currency. There have been reports on the Internet that the digital coin is not. Several users claim that Bitcoin Diamond is a scam. To understand who is right, you need to familiarize yourself with the information about the monetary unit.
Specific features of the monetary unit
The size of the maximum issue of the monetary unit is 210 million. The developers have stated that the issue of the additional moment is not planned. 40 million currency units are available for mining. Bitcoin Diamond is not a competitor to its progenitor. While creating cryptocurrency, the developers tried to create a modified version of digital gold. Only time will be able to show how the creators managed to fix the existing problems of classic bitcoin. The developers hope that Bitcoin Diamond can solve the problem of scalability and Bitcoin mining. The volume of blocks and currency is planned to be increased to 8 GB. The creators of the digital coin assure that the block generation speed will increase 5 times. The final goal of the change is to increase the speed of transactions for the entire blockchain. Bitcoin Diamond uses adjusted algorithms to significantly improve efficiency.
Cryptocurrency mining
If the user was not the owner of the classic bitcoin at the time of the network split, he will be able to receive a digital coin during the mining process. The procedure can be carried out independently or become a member of the pool. To take part in mining, you need to have equipment that allows you to mine a currency. To complete the procedure, you will need a Video card. The more powerful it is, the better. The optimal solution for mining Bitcoin Diamond is to use a video card with a memory capacity of 6 gigabytes. Availability of RAM. Mining requires a minimum of 4 GB of RAM. The installed operating system. The computer must have at least Windows 7 version installed. Winchester. Its capacity does not matter. It must ensure the stable operation of the operating system. The Winchester must have a certain amount of extra cache space. Additionally, you may need other equipment that will allow you to connect all the devices. Before starting mining, experts recommend updating the drivers for the video card and then installing the mining program. When the action is completed, several additional manipulations have to be carried out, which will allow you to start extracting the currency. To start receiving Bitcoin Diamond, you need to: Assemble a mining device and install the necessary software. Create a digital coin wallet. To do this, you have to use the online wallet or download the stationary version. The wallet will receive the monetary units received during the mining process. Perform pool selection. You can mine Bitcoin Diamond alone, but this is less profitable. Mining in a pool will increase the profit margin. There are quite a few Bitcoin Diamond miners eligible today. The user can join one of them. Configure the program. To start mining, a person has to edit a special file by entering the name, wallet, and pool number into it. The file name may differ in different programs. Then it only remains to wait until the system independently obtains digital Bitcoin. The monetary unit can be saved or sold using the opportunity of one of the exchanges. Additionally, it will be possible to exchange cryptocurrency for other digital coins. Actions are carried out using exchangers.
Speculation on the digital coin
Bitcoin Diamond is rarely used for transactions. Typically, digital coins are used to speculate on exchanges. Diamond bitcoin has already been seen in the process of making the so-called pump. Speculators have created artificial excitement around the monetary unit, which led to an increase in its exchange rate. However, in the future, the digital coin was expecting a rapid collapse. Several users are sure that the new bitcoin fork was created precisely for such manipulations. Bitcoin Diamond is one of the digital gold forks. In the short term, its appearance will have a positive effect on the course of the original. However, some users claim that forks can weaken the underlying digital coin. The current situation leads to the fact that each time it becomes more and more difficult to find out which of the bitcoins is real. Bitcoin Cash, which also entered the market not very long ago, created a real sensation with a sharp rise in the rate. Major market players began to say that this particular digital coin is capable of taking a leading position. Experts advise taking a close look at Bitcoin Diamond, but not making hasty decisions. Such proposals are rather dubious. It is not known how the value of the monetary unit will behave in the future.
