Cryptocurrency, blockchain, and tokens still a mystery to the common person

The news is out and people are still scratching their heads wondering if they missed a trend or should be preparing for a windfall from cryptocurrenies in the future.

Cryptocurrency literally means digital money. It’s not a physical coin but a digital representation, but it still represents something of value.

When we set out to make a cryptocurrency of our own, cryptoloot token or more commenly called CYPT COIN, we didn’t grasp how little everyday people knew about blockchain technology and cryptocurrenies.

A study we conducted where we asked a group of 30 medical professionals, doctors, and nurses, about the subject only 2 out of 30 had any knowledge of the subject. 15 had heard the word bitcoin but didn’t know anything about it, and a few people said that they thought it was similar to stocks and bonds but didn’t know how. The information was obtained in Chicago IL with willing participants.

This is a screenshot from the CYPT COIN Pocket miner app for Android devices.

This information was shocking to hear, we just created and launched a cryptocurrency and are finding out people don’t know what it is we are wanting them to get interested in. This is very obvious to conclude that the future of the digital currency markets have either reached their boom or has not even begun to reach its true potential.

We think that potential of future cryptocurrenies will become huge as wallets and trade markets become more common and easy to use. Many of the consumers and participants in the realm are those of new money or risky older investors are hoping for a gamble but they do not understand how it works or what it is. As more information reaches more and things mesh into user friendly adaptations of the rugged and tech scary versions of how we obtain and trade the coins today.

This once tech only world will one day blossom into a household item, a common technology much like the start of Apple computers and the adaptation of the founding tech scary computers to the simple to operate machines we have today. CYPT COIN is going to implement a more simple operation in the near future to gain non tech inclined users to participate. Anyone from any device, like a cell phone, any computer, tablet, or device of other kinds can go to www.cyptcoin.com and get cypt coin for free. Your device loads a screen where you can enter in your user name, an email, and your wallet Id to send the coin to. It really is that simple to get started with trying to collect your first coin. Valid wallets are listed on the website and some of the most popular ethereum wallets are compatible. Most people new to cryptocurrenies get stuck at the wallet id. They don’t understand how to get it and really it’s as easy as making an email and its free and wont require any credit card or personal info. A digital wallet holds your digital coins. One smartphone app called imtoken is free and is known to be very compatible with erc20 tokens like CYPT COIN, although many are available and can be used.

Here is a screenshot of the imtoken wallet app for the android device. You can easily make one for free to get a wallet id to claim coins.

We encourage users to reach out to us via the live web chat if they want to get started, you can also click explore on the top of www.cryptoloot.us to learn more about getting started with the basics, current trends, and news about CYPT COIN. Cryptoloot token is an ethereum blockchain token with a mining reward system.

Rate CYPT COIN on cryptocurrency talk website

With the increase of people viewing and searching CYPT coin more and more every day, it’s no big surprise we find CYPT making an appearance on crypto websites.

cypt coin an ethereum blockchain token
cypt coin an ethereum blockchain token

Users of CYPT can now visit https://cryptocurrencytalk.com/video/view/91786-cypt-coin-an-ethereum-blockchain-token-cryptoloot-coin-erc20-cryptocurrency/ and rate CryptoLOOT coin publicly.

 

Thank you for being part of the CYPT coin revolution! Please rate us and let the community know what we are about.

CYPT COIN cryptoloot cryptocurrency logo
CYPT COIN cryptoloot cryptocurrency logo

As more crypto fans find out about this amazing token and more people read about it online, the demand and value for CYPT should increase. Users can visit cyptcoin.com and mine using and network connected device.

CryptoLOOT.us featured in bitcoin publication

CryptoLOOT.us the mining website and CYPT COIN the revolutionary mining cryptocurrency token has been getting a ton of buzz lately, and part of it is due to the mass talk about the coin.

From Twitter posts about the website value at $10k plus to a new article from https://btcn.it/What-is-CYPT-COIN, CYPT COIN is sweeping the CryptoLOOT market by storm. 

Talks of the CYPT COIN entering market trading sites really ups the marketability of a token. CYPT COIN has definitely proved to be a contender for the 2018 tokens to watch out for.

The morning of CYPT COIN release and the site shuts down unexpectedly

We have had a surge of visitors and those wanting to Buy CYPT COIN and become founding members. We are grateful for this and because of the heavy traffic our site server is having technical difficulties, the site is down during parts of the day for maintenance and upgrades. Please keep checking back for your chance to buy this amazing ERC20 Ethereum Blockchain Token. www.CryptoLOOT.us
www.CYPTCOIN.cf

We have spoken with the network team in the netherlands who told us the site will be undergoing maintenance on and off during a part of today 1/17/18.

 

We know this is a major issue for those trying to buy CYPT COIN today, you will have a chance to be a part of it, please keep, checking back.

The mine utility is also down until normal operations can resume.

You can email u at CYPTCOIN@Gmail.com

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The future for Bitcoin? Will the price of BTC go up?

The future of bitcoin is here. Many really want to know what the future for these cryptocurrencies may be. For half of the coins the future will be great for the other half we predict they will be gone within a few years. Given the nature of the novelty coin types, many of the newcomer coins will not last. Weedcoin, reddcoin, and bitcoin cash we predict will be gone forever and useless. The coins we think will be contenders are Ripple, Doge, Bitcoin, and a few secret coins we want to keep for ourselves.

The price of bitcoin jumped up to $1900 USD the last week of December 2017 and then came down as more coin values increased. A stock emerging containing a way for less modern investors of the past to play with bitcoin helped lower the coin value in early 12/17.

CryptoLOOT staff has obtained thousands of DOGE to solidify it’s hope and optimism for this cryptocurrency. Read more about the prediction of DOGE coin in 2018.

Want to get started for those new to bitcoin? Click here or view below. You came to the right place.

http_Cryptoloot.us

Opening up the MinerGates

minergate2_bitcoin_basicscf

So we all know that we can earn money mining with group cloud mining , you can read about that here if you are not familiar with it. The group cloud mining is not as profitable as the GPU mining. GPU Mining is drastically faster and more efficient than CPU mining. See the main article: Why a GPU mines faster than a CPU. A variety of popular mining rigs have been documented. We tried out GPU mining for the first time using MinerGate.

minergate

This is not cloud based mining, you actually use your gpu to obtain speed to mine cryptocurrency. The faster the computer you have the more beneficial this can be for you. Even with no investment and little power, if your computer is on anyway why not earn some free coin?

You need to download the MinerGate program onto your personal computer, create a free login, and then begin by logging in after the program is installed.

minergate cryptoloot 1.png

It’s easy to get started with a free account, click to start.

minergate cryptoloot 2.png

Here is a real screenshot form our test account mining XMR, you can choose smart mining which automatically will mine the currency that has the highest exchange rate within the last hour automatically to maximize your CPU or GPU mining. The program lets you do both. The computer we used to test the program was very slow resulting in low to no Hash speed for GPU mining. Try the free program now. 

We recommend trying this software out if you are new to GPU mining, we learned lots dealing with GPU mining pools and different coin types. We rate MinerGate at a 4/5.

New to mining in general? Learn about CPU group cloud mining here. 

It is easy to get started with MinerGate and you can use it on any speed computer. Here are some results from a low powered laptop pc mining 4 different types of coin at once.

minergate cryptoloot results

Mining BCN, BTG, DSH, & XMR at the same time. Out cpu usage is limited based on our system and it spread the power pretty low over the multiple coins at one time however the results are still coming up effective.

 

We privately rate MinerGate at 4/5 stars. Minus one star for detecting malware after installation. The program itself seems to work and mine effectively. We will keep you updated here at CryptoLoot.us