Quark Coin – alternative cryptocurrency

Quark Coin – alternative cryptocurrency 

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Some Facts

  • 6th major crypotcurrency out of appoximately 60.
  • Founding year 2013
  • Founder Max Guevara
  • Cryptocurrency Code Quark – QRK
  • Market Capitalization (Dec.´13) – 22. Million USD equivalency (much less than bitcoin)
  • Coins Released – 246.6 Million in circulation (more than bitcoin)
  • Currently only exchangable among other cytpocurrencies (not yet convertible to “fiat” currencies (USD, EUR, JPY etc) dec 26 2013.
  • SOURCE

Simple Definition:

Quarks are a form of online payment system but in a decentralised monetary system. Quarks to Friends, Family Members & Online Payments. Free of charges and chargebacks. Military Grade Encryption. No Bank or Government Control.

Quark Coins are based on the original idea of Bitcoin but improved, more secure, with improvements to design and security.

There is also a greater coin supply with higher block rewards for miners.

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Simple Definition:

Quark is an independent person-to-person cryptocurrency based of the idea of Bitcoin, but with much improvement to security and design.

Simple Specifications:

  • Super Secure Hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, grøstl, jh, keccak, skein). 3 rounds apply a random hashing function. Unique technical specifications.
  • CPU mining
  • Quick block generation: 30 seconds
  • 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
  • Block reward will never drop below 1 QRK
  • Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
  • Difficulty retargets every 20 blocks (maximum 10% up or 50% down)

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More detailed definition:

Quark is a peer-to-peer digital currency that uses the most advanced and latest algorithms in cryptography, making it more secure than Bitcoin and other alt-coins.

Not only that Quark is a CPU mined only digital currency. Server farms and ASIC mining rigs don’t get the advantage mining Quarkcoin. Anyone with a CPU can mine for Quark Coins and take part in the rewards & not just the companies with advanced hardware and capital

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More detailed specifications:

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ECONOMICS

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Bitcoin 
One weakness of bitcoin is the limited coin supply. A total cap of only 21 million bitcoins will ever be released, up until the year 2040. This sets it up for deflationary pressures which causes demand to always trump supply. There is more incentive to buy and hold than to spend, so from this point of view it can never truly be a viable currency in day-to-day transactions. 

Once the cap is in at 21 million, there will be a decreasing amount of coins in circulation. Every year coins will be ‘lost’ through forgotten passwords, hard drive failures, hackers, software failures, improper backups, etc … This will cause the supply to decrease overtime. QuarkCoin
Although there is no ideal, Quarkcoin will continue to release coins in perpetuity after the initial 247 million are mined at an inflation rate of .5% per year. This encourages continued mining as well as more use as a day-to-day transactional currency. This small inflation is meant to replace those ‘lost’ coins due to human error and hardware failure etc…. Also, even though any crypto currency can be divided infinitesimally, people prefer to buy and transact in whole numbers. Ask someone if they want to buy bitcoin at $1000, and they believe it may be too expensive although you can buy just .1 BTC if you choose. This is more of a psychological issue. 

DISTRIBUTION

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Bitcoin 
In the beginning Bitcoin was mined for several years by only around 30-40 people. Currently, it is virtually impossible for a single individual to mine Bitcoin. KnCminer just released a new Miner and sold out in 24 hours selling all 1200 units at over $10,000 each. (Link). That company also claims that their hardware users are responsible for over 70% of all mined bitcoins everyday … good luck competing with that! 

So the only option currently is to buy BitCoin at ~$1000USD. As the mining continues to intensify, more and more BTC blocks will fall into the hands of the few with lots of capital and hardware. Bottom line is from a mining point of view, BTC is becoming more and more centralized.

Not only that it is said that the top 100 BitCoin holders control 21% of the market (Link) This is just the minimum as each entity can have multiple addresses. Bitcoin distribution is very uneven or centralized, as it has been rumored that only 50 people hold 60-70% of Bitcoin! 

QuarkCoin
Distribution is Quarkcoin’s strong point, although some will argue the opposite. Since Quark Coins were mined by CPU only, it was done by individuals at home numbering in the 1,000’s (link) as opposed to Bitcoins being mined by very few. 

Setting the time to mine most coins within the first 6 months discourages the ASIC miners from ever entering the market. With a majority of the coins mined, the price should hopefully stabilize more quickly than the other coins with longer time frames, making this crypto currency more desirable for everyday transactions. 

But what about argument that ‘the vast majority of the 245 million Quarks already mined are in the hands of the few? If you take the time to read through the Quark Thread over on Bitcointalk.org, you will see that most miners dumped their coins early on. It traded so low, that early miners didn’t want to hold onto their Quark, thus the distribution began. 

MINING

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Bitcoin
One block every 10 minutes (very slow transaction time).
Current bounty is 25 BTC halved every 210,000.
Total currency supply is capped at 21 million.
What started out as being CPU mined, has quickly led to a race to secure ever faster mining hardware. CPUs went to GPUs then to FPGA, and finally to ASICs (Application-Specific Integrated Circuit) designed and built only for mining bitcoins. It is virtually impossible to mine Bitcoins anymore without serious capital and hardware. You hear of the complaint that 98% of Quark has been mined already. You can say the same about bitcoin, considering only large server farms can compete in mining the coin. You will find that the barrier to entry in bitcoin mining is huge! 

Quarkcoin 
Generates a new block every 30 seconds. (very fast)
2048 QRK per block (halving every 60480 blocks ~ 3 weeks). 
247 million mined the first 6 months, then 1 million QRK every year.
The .5% inflation was created to keep mining activity going and to keep the block chain resistant against 51% attacks to which Bitcoin is vulnerable. Being only CPU mined, this coin offers the average individual the rewards of mining. 

SECURITY

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BitCoin
Like most crypto currencies Bitcoin uses a single Hash function or SHA-256. 

QuarkCoin
Quark is super secure and uses a different hashing algorithm with 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds deliver a random hashing function. Even though most believe the SHA-256 is sufficient at present, technology is always changing and improving. The multiple hash gives a further layer of security against unknowns that will enter the market in the future. 

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Historic Price Graphs

Quark (QRK) vs. Bitcoin (BTC)

Cryptsy Exchange Link

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Quark (QRK) vs. Bitcoin (BTC)

Coins-e Exchange Link

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Official Website

Official Quark Coin Website

Official Twitter – @quarkcoin

Official Quark Facebook 

Official Quark Blog 


Trader Tools – The Inflation Calculator (USD) 1800 – 2012

Trader Tools – The Inflation Calculator (USD) 1800 – 2012

Simple tool to calculate inflation form 1800 to 2012 (adjusted), test it at http://www.westegg.com/inflation/

Try it yourself!

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Result

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Percent Change?

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Online percent change calculator link 

12229.34% Increase!

Simple tool to calculate inflation form 1800 to 2012 (adjusted), test it at http://www.westegg.com/inflation/

Try it yourself!

Hope you enjoyed it,

Dimitri Feria Kislaja


Historical bitcoin vs Usd Part II – Bitcoin Epic Kick ass!

Historical bitcoin vs Usd Part II – Bitcoin Epic Kick ass!

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Cryptocurrency Epic Kick ass!

ImagePercent Increase 80,000%

Dear Traders, 

Awesome to all the bitcoin traders out there, you have made life time earnings!!!!

I must admit that i did not participate in this unique bull run, even though i followed it, I didn’t fully understand its profile and monetary impact. My sincere congratulations if you put money in this external instrument, awesome epic returns, once in a life time!!!

Personally, I will not participate at this level ($801 USD) because the Risk:Reward does not fit my profile at this level. Lets see some charts and simulations of investment! it’s mind-blowing! 🙂

Mexican Peso Simulation 

(Initial Investment – $25,000 MXN / USD ($13.00) Exchange Rate) x $5 usd vs bitcoin = 384 Bitcoins 

384 Bitcoins  x current USD x bitcoin price ($801 USD per Bitcoin (Closing Price Nov 18, 2013.)

384 Bitcoins x $801 USD = $307,584 USD 

$307,584 USD X MXN (13.00) = $3,998,592 MXN

EPIC INVESTMENT!

Mexican Peso Simulation

$25,000 MXN vs $5 bitcoin 384 Bitcoins

$801 USD vs Bitcoin = $307,584 USD 

$307,584 USD x 13.00$3,998,592 MXN

You can Buy an awesome apartment in cash with these returns!

Dear Traders, 

Awesome to all the bitcoin traders out there, you have made life time earnings!!!!

I must admit that i did not participate in this unique bull run, even though i followed it, I didn’t fully understand its profile and monetary impact. My sincere congratulations if you put money in this external instrument, awesome epic returns, once in a life time!!!

Personally, I will not participate at this level ($801 USD) because the Risk:Reward does not fit my profile at this level. Lets see some charts and simulations of investment! it’s mind-blowing! 🙂

 

Take care, use stops and all the best!

Dimitri Feria Kislaja

Snap 2013-11-18 at 18.39.12


Trader Definition – “Fallen Angel”

Definition of ‘Fallen Angel’

1. A bond that was once investment grade but has since been reduced to junk bond status.

2. A stock that has fallen substantially from its all time highs.

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Investopedia explains ‘Fallen Angel’

There is a fine line between fallen angels that are value stocks and those that are headed straight towards bankruptcy.

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Historical Nickel Prices (1983-2013) (30 Years)


Historical Nickel Prices (1983-2013) (30 Years)

Snap 2013-10-15 at 22.42.17

Nickel

Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile. Pure nickel shows a significant chemical activity that can be observed when nickel is powdered to maximize the exposed surface area on which reactions can occur, but larger pieces of the metal are slow to react with air at ambient conditions due to the formation of a protective oxide surface. Even then, nickel is reactive enough with oxygen that native nickel is rarely found on Earth’s surface, being mostly confined to the interiors of larger nickel–iron meteorites that were protected from oxidation during their time in space. On Earth, such native nickel is always found in combination with iron, a reflection of those elements’ origin as major end products ofsupernova nucleosynthesis. An iron–nickel mixture is thought to compose Earth’s inner core.[3]

The use of nickel (as a natural meteoric nickel–iron alloy) has been traced as far back as 3500 BC. Nickel was first isolated and classified as a chemical element in 1751 by Axel Fredrik Cronstedt, who initially mistook its ore for a copper mineral. The element’s name comes from a mischievous sprite of German miner mythology, Nickel (similar to Old Nick), that personified the fact that copper-nickel ores resisted refinement into copper. An economically important source of nickel is the iron ore limonite, which often contains 1-2% nickel. Nickel’s other important ore minerals include garnierite, and pentlandite. Major production sites include the Sudbury region in Canada (which is thought to be of meteoricorigin), New Caledonia in the Pacific, and Norilsk in Russia.

Because of nickel’s slow rate of oxidation at room temperature, it is considered corrosion-resistant. Historically, this has led to its use: i) for platingmetals such as iron and brass ii) in chemical apparatus and iii) in certain alloys that retain a high silvery polish, such as German silver. About 6% of world nickel production is still used for corrosion-resistant pure-nickel plating. Nickel was once a common component of coins, but has largely been replaced by cheaper iron for this purpose, especially since the metal is a skin allergen for some people. It was reintroduced into UK coins in 2012 despite objections from dermatologists.[4]

Nickel is one of four elements that are ferromagnetic around room temperature. Alnico permanent magnets based partly on nickel are of intermediate strength between iron-based permanent magnets and rare-earth magnets. The metal is chiefly valuable in the modern world for thealloys it forms; about 60% of world production is used in nickel-steels (particularly stainless steel). Other common alloys, as well as some newsuperalloys, make up most of the remainder of world nickel use, with chemical uses for nickel compounds consuming less than 3% of production.[5] As a compound, nickel has a number of niche chemical manufacturing uses, such as a catalyst for hydrogenationEnzymes of some microorganisms and plants contain nickel as an active site, which makes the metal an essential nutrient for them.

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NICKEL

Nickel prices declined 3087.00 USD/MT or 18.13 percent during the last 12 months. Historically, from 1993 until 2013, Nickel averaged 13479.5 USD/MT reaching an all time high of 54050.0 USD/MT in May of 2007 and a record low of 3730.5 USD/MT in December of 1998. Nickel high melting point and resistance to corrosion have contributed to its diversified use. Nickel is mainly used in the production of stainless steel and other alloys and can be found in food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. The biggest producers of nickel are Russia, Canada, New Caledonia, Australia, Indonesia, Cuba, China, South Africa, Dominican Republic, Botswana, Columbia, Greece and Brazil. Nickel futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes. This page contains – Nickel – actual values, historical data, forecast, chart, statistics, economic calendar and news. 2013-10-16

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Historic Nickel Prices 1997 – 2013

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Historical Nickel Prices 1983 -2013 (30 years)

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