Matt Lambert

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Bootstrap Financing Tip # 1 – Find Cheap Office Space For Your Start Up Business

By admin on September 19th, 2017 in Bootstrap

One of the key principals of bootstrap financing is reducing your start up costs and ongoing operating expenses. You can tackle this task, utilizing a number of strategies and cost-cutting techniques. Today, let's discuss finding cheap office space for your start up business, as a means of lowering your costs.

Hear Rebekah's Story …

Rebekah is a graphic designer and professional website developer. After graduating from design school, she dropped out an old crumpled up business card that had been washed in the pocket of her favorite blue jeans. The contact information on the card was faded, but she was able to make out enough of the information to give me a call. She sat in on one of my talks to her graduating class and stuck my card in her pocket for safe-keeping.

Rebekah was about to start her own design business and wanted to meet for a consultation. With the debt load from her student loans, she did not have much money. She was desperate to branch out on her own and knew she needed bootstrap financing for her new business. As a designer, her start up costs were relatively low, as compared to some businesses. The problem for Rebekah was that she did not have very much money at all. She did not own a home – or even her own apartment. As she shared an apartment with a former classmate (and her loud barking big dog), Rebekah unfortunately needed to find cheap office space.

So how did we solve Rebekah's dilemma? I happened to have a very large plumbing company as a client at the time. The company was hit quite hard by the recession and had to downsize it's operations to survive. As a result, the walls of their 10,000 square foot, plush facilities were echoing from the absence of bodies to fill the, once occupied, cubicles of their massive call center. I had advised them only two months prior to change their hugely expensive, yet ancient phone book display advertising tactics, in favor of a more cost effective, web based approach.

The end result? Rebekah moved into a beautiful new office, with all utilities and internet service included for FREE. Yes, you heard right – absolutely free. The payoff was a complete website redesign with hosting and webmastering. Rebekah would also take over the design of all the plumbing company's marketing materials and sales literature.

Find Cheap Office Space for Your Business

You too can find affordable office space for your small business. Consider the following options:

  1. Start a home based business, if your situation permits.
  2. Barter your products or services for office space (as in Rebekah's case)
  3. Contact a commercial real estate agent for sub-letting opportunities
  4. Investigate a virtual office package

Discover how you can start your business TODAY – even if you have very little money, poor credit or do not own a home. Learn the key principals of bootstrap financing! For more information, check out the Start-Up Business Survival Guide .

© Kimberly Kelly 2009 – All Rights Reserved Worldwide.

Permission is granted to reprint this article on the condition that it may only be reprinted in its entity with all live links and author bio in tact.



Source by Kimberly Kelly

How to Earn Bitcoin Online

By admin on September 19th, 2017 in Development

If you want to earn Bitcoin online, this is a post that will help you do just that. Bitcoin is the world's first peer to peer crypto-currency that is not controlled by any central issuing agency but is rather an open source protocol that is followed by all the people who participate in the economy. No one can manipulate the supply of Bitcoins and all transactions that take place in this economy are cryptographically verified through a process called Bitcoin mining. Your Bitcoins are as secure as public key cryptography can be.

Once you understand and appreciate the concept of Bitcoin, the next logical question is, how do you earn some Bitcoin? Here are some ideas –

Make money online and convert them to Bitcoin

Believe it or not, it is still much easier to make US Dollars! You can then exchange these dollars you make for Bitcoin at any of the exchanges such as Bitstamp or Coinbase if you're located in the US.

Earn Bitcoin Directly in the Bitcoin economy

There is a small but very vibrant community where you can do most tasks, but at a much smaller scale. For instance, you can take up a part-time job for Bitcoin on Coinality or you can end up with a small gig on Coingig. These are real life equivalents of sites like Elance and Fiverr but in the Bitcoin ecosystem.

Advertising

The advertising industry in the Bitcoin economy is, not surprisingly, pretty robust. This is because there are tons of new Bitcoin based services that keep coming up all the time and they all need a good advertising network.

CoinURL allows you to place Google AdSense styled ads on your website and other services like Bitads lets advertisers bid for banner space on your blog. There is also a-ads that allows you to make money through ad impressions without reference to the clicks (so it is not PPC). If you're a publisher – blogger or webmaster, you can earn some Bitcoins through this route.

Going Social

There are sites that will pay you for your activity. CoinChat is sometimes the best known site in this category. It pays users a few milli-Bitcoins for chatting on their site. These are random and controlled by an algorithm that takes into account your activity and how well you're contributing to the discussions at hand.

Another way in which a lot of Bitcoin enthusiasts earn some Bitcoin is by selling their forum signatures at Bitcointalk forums. There are a good number of advertisers who are willing to do this, and for the socially active member who values ​​interaction through this forum (it is the same forum through which Satoshi Nakamoto introduced Bitcoin to the world), selling signatures can be lucrative.

What other ways are there to earn some Bitcoin online?



Source by Sid T Kid

Bootstrap Financing Boot Camp – A Crash Course in Business Start Up Funding – Tactical Maneuvers

By admin on September 19th, 2017 in Bootstrap

Attention! Are you ready to enroll in Bootstrap Financing Boot Camp? TODAY'S MISSION: Business Start Up Funding Tactical Maneuvers. Start Up Soldier, I'm going to be giving you a crash course in how you can start a small business, without BIG bank loans. Before you can get started, you must first pass through 3 check point pre-screenings.

Check Point 1: Do You Have What it Takes?

Are you willing to travel through rough and tough terrain, without going AWOL? Do you understand the risks involved with starting up a new business? Think carefully cadet – and remember, nothing worthwhile is ever going to be easy.

Check Point 2: Are You Willing to Do Whatever it Takes?

Are you ready for hand-to-hand combat with your bank book? You must be willing to make personal sacrifices to get the job done? Essentially, living with less to gain more. Will you do whatever it takes to get to where you want to be? Will you show no mercy and cut back on frivolous expenditures, like satellite TV?

Check Point 3: Do You Know How to Take …?

… Orders that is soldier! Can you take orders? Not for fries and a shake, but direction from others. Are you willing to learn something new, or to try unfamiliar ways of doing something quite ordinary? If you are not teachable, then bootstrap financing is not for you. You see, it goes against the grain – the established ways of doing things. Most "experts" will tell you that the only way to start a business, is if you have access to some major cash of your own; or if you're willing to borrow from banks or investors willing to front you the business start up funding you need.

Congratulations – You've Just Earned Your Stripes!

You've made it. You are no longer a cadet, but a full fledged Start Up Soldier – and you have the battle scars to prove it. Now, onto the crash course in bootstrapping.

Lesson 1: Start With a Highly Profitable Idea, Product or Service

This step is absolutely key to your success. If you were to tell me you'd like to start a café or restaurant business, I'd do my best to talk you out of it. If you were one of my soldiers, I'd order you to rethink your decision. It is next to impossible to bootstrap a restaurant or retail food business with very little money. However, if food was your passion, I would present you with some case studies of how others have bootstrapped and acquired the start up funding needed to grow successful food businesses. Some suggestions? How about a Personal Chef Service, or perhaps you could start up a company baking delicious energy bars and organic snacks, like the owner of Clif Bar & Company.

A Case Study

That's exactly what Gary Erickson (owner and founder of Clif Bar & Company) did. He began trying out energy bar recipes in his mother's kitchen. This is a definite bootstrap financing success story. In 1990, Gary lived in a garage with his dog. Two years later, he launched what would become one of the most successful natural and organic privately held snack food companies, with sales topping $ 150 million. The future for Clif Bar remains bright. Especially since they have me as one of their loyal customers. I'm munching on one right now, as I peck away on my computer. I would say my family goes through a case of the organic Z Bars in a week! :-)

Lesson 2: Plan a Bootstrap Business Start Up Funding Strategy

This requires that you first have a streamlined personal budget in place. Once you have accomplished that goal, the next step is to create a bootstrap financing plan for your business. This will involve making a complete list of your start up and operating costs, and employing varied bootstrap finance tactical maneuvers to reduce and / or eliminate many of these costs.

Lesson 3: Learn the Art of Bootstrapping

Bootstrapping is not just self financing. It is the art of acquiring business start up funding sources that do not put you into long term, or high interest rate debt.

Did you know that you can find free sources of start up funding? Turn your dreams into a success story. Get on the road to success by starting your business TODAY – even if you have little money, poor credit, or do not own a home.

To learn more, request your free copy of "The Bootstrapper's Business Start-Up Planner", by visiting my website.

© 2009 Kimberly Kelly – All Rights Reserved Worldwide.

Permission to reprint this article is granted strictly on the condition that it will be reprinted in its entity, with all live links and author bio in tact.



Source by Kimberly Kelly

4 Things About Bitcoin You Should Be Wary Of

By admin on September 19th, 2017 in Development

Almost everyone now knows about Bitcoins and Bitcoin trading. While most people have had success with the currency, there are others that have faced challenges. If you are planning on getting into the market here are some of the things you should be wary of:

The bitcoin wallet

To use the coins, you need a digital wallet. It can be an app, hardware or cloud based. Some Bitcoin companies help beginners by automatically generating the wallets for them. You can store the purses online or offline. For security reasons, save yours online and ensure that the password protects it. Avoid an online wallet as it can easily be hacked. If you have to use the unit keep a limited amount of money in it.

Where you buy the currency from

If you do not want to go the hard route of mining the coins by yourself, you can always buy them at the marketplace. When making the purchase, be cautious of the people advertising of giving you a commission. Also, be wary of the site you are making the purchase from. Since you are dealing with money, avoid buying from a site that is not secured. This calls for you to only buy from a site with https not HTTP. This way you will be sure that the web traffic is secured and encrypted.

Technical details

Without you are being involved with the mining of the coins, you do not have to bother yourself with the technical details. If your primary intention is to buy the coins, you do not have to spend a lot of your time worrying about the mining process, block size, and other confusing aspects of the process. To buy the currency find a reputable company and place your order.

Currency changes

Just like other currency markets, the Bitcoin market thrives on the shifts in the price of the coins. You should note that the market is similar to the share buying and selling market-its long term. Due to this, you should not be too worried about the price changes unless you are planning to sell your coins the same day. Bitcoin value has been rising every year; so you should not panic when you see a massive price change in one day.

While this is the case, it does not mean that you should not be conversant with the prices in the market. Regularly visit forums and related places to find the current prices of the coins. Who knows you might find it profitable selling it at the current prices?



Source by Idd Aziz

Searching Bad Credit Business Loans to Start a Business? Consider Bootstrap Financing!

By admin on September 19th, 2017 in Bootstrap

Searching for information on bad credit business loans? Have you considered bootstrap financing? Millions of would be entrepreneurs just like you, are frustrated because they just can not seem to qualify for traditional bank loan financing.

My Personal Journey

Here's why you should avoid bad credit business loans at all cost … About 4 years years ago, my husband and I sold off all of our assets in Ireland and moved to Georgia to escape debt. Our company was sold off, as well as our big "American style" home and most of our assets. (We were masters at living way beyond our means.) Although we netted a nice profit, we were living in a credit nightmare. Since our business was seasonal (we sold educational supplies to the schools, universities, etc.), our operating costs were fairly high. Cash flow was a real concern. For almost 7 months of the year, our small company survived on a business line of credit – essentially a BIG bank loan. Believe me when I tell you that we had many sleepless nights and an awful lot of stress.

After selling off everything, we moved to America and started all over again. Since neither my husband nor I had any established credit, we did not have access to traditional bank loan financing when we started our business in Georgia. After contacting a start-up consultant, it was suggested that we apply for "bad credit " business loans as a means of funding our new business.

This was just not a viable option for us. We decided to strictly sole upon bootstrap financing to get our business up and running. It was then that I embarked on a journey to learn all that I could about starting a business without bank loans. My quest for information and creative solutions is what spurred me to become a Certified Start-up Business Consultant who specializes in cost reduction strategies for new start up businesses. I now run three profitable businesses – without owed any money to lenders. It's a great feeling.

Do not Be Tempted To Dig a Deeper Bad Credit Black Hole!

Do not let anyone tell you that the only way that you can fund your start-up is to rely on bad credit business loans even though you may have less than perfect credit or do not own a home. If you are overextended, with a mountain of debts you just can not seem to tunnel your way through, there is still hope. You can achieve your dreams of business ownership without borrowing money. I have personally seen this dream come true for many of my clients.

The Secret is Bootstrapping

You just need the know-how. The secret ingredient for learning how to start a new business without bank loans is to bootstrap. Before you can get started with bootstrap financing, you may need to make some lifestyle changes. Honestly assess where you are right now financially, and how you got there. This is the first step to getting out.



Source by Kimberly Kelly

Mommy, Where Do Bitcoins Come From? Bitcoin Mining Explained

By admin on September 19th, 2017 in Development

“Mommy, where do Bitcoins come from?” Well, you see, when a shiny young Bitcoin catches the eyes of an ambitious miner, and because they love each other very much…

Wait, that’s obviously too difficult to solve here. Besides, my whole goal is to keep things simple. Anyway, Bitcoins are made by solving complex math problems. This is done by a powerful machine that is built to solve these math problems. This process is called mining. People who own these machines to make money mining Bitcoins are called miners. When a batch of problems is solved it becomes known as a block. Blocks are verified by other users and once they are verified, they get added to what is called the block chain. This chain continues to grow with a new block being added to it roughly every 10 minutes. This chain is really just a master ledger that will continue to grow and never end.

The very powerful machines that mine zap a lot of power and drive up the miner’s monthly utility bill. The reason it takes so much power is the genius of the mathematics involved. It requires the mining machine to perform complex cryptographic algorithms. Once a math problem is solved by the machine, a block of coins is birthed. Every time 210,000 blocks have been created, the reward to the miner is halved. It takes 4 years to accomplish this. So it’s kind of like a Bitcoin Olympics. Currently the block reward is 12 Bitcoins (on June 23, 2020 the reward will only be 6 coins). Those coins goes to the miner whose machine was the lucky lottery winner at that time. There is a winner every 10 minutes. There are also a lot of miners competing out there too. Said miner now has something of value. Mine enough coins and you pay your electricity bill and then some.

There is also another way to mine. It’s called cloud mining. With this type of mining you are paying to use someone else’s network and that cuts into your profits significantly. The positives to this method are that it doesn’t require using your electricity or even buying a machine.

Sounds good to me. I want to start mining now. Is it a good idea and can I generate passive income on a regular basis? Possibly. Hold tight for now and you can make that call later.

Let’s try to break this down.

Going back to the original way of machine mining, you’d have to start with buying a quality mining machine. That would set you back about $2,000. Here is a picture of a good machine (Antminer S9 from Bitmain) capable of creating a high hash rate of 14 TH/s. 1 TH/s is 1,000,000,000,000 hashes per second. This machine does 14 times that. That’s a lot of hashing power. A hash is just a really long number that the machine creates each time trying to solve the algorithm. Again, to use my lottery analogy, all these machines are out there hashing away hoping to be the next winner.

Then, your chances of winning are getting increasingly more difficult with more competition. Further complicating this matter is that each time a math problem is solved, the next problem gets incrementally more difficult to solve. The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks. The number of Bitcoins that will ever be created is finite. That number happens to be 21,000,000. Once we hit that number there can never be another Bitcoin mined again. However, the block chain itself will continue to expand because it is used to verify each transaction or purchase.

Remember that pseudonymous Satoshi Nakamoto I wrote about as well? Did you know that today’s math problems are more than 70,000 times more difficult for the machines to solve than they were we he mined the 1st Bitcoin back in 2009?! The estimate is that the final coin will be mined in 2140 because the system halves every four years (210,000 blocks). There have already been 16,400,000 coins mined (78%) and each coin from here on out will be mined at a much slower rate. Yes, you read that right. Basically 80% were mined in the first 8 years and it will take well over 100 years to mine the final 20%. If any of my great, great, great grandchildren are reading this I hope you are sitting pretty with our family’s Bitcoins now valued at 220,000 per Bitcoin. We can all dream right!

Buying a machine for mining or purchasing a mining cloud contract is risky. While there are some great success stories out there, be sure to research them thoroughly before deciding if mining is right for you. For every person making money, there are plenty of people losing money.

By the way, a great place to see all of the cryptocurrencies out there and their total coins and market cap, Coin Market Cap is a great resource. You can see all 700 plus fly-by-night altcoins out there. An altcoin is just another way of saying any cryptocurrency coin that isn’t Bitcoin. By now you probably know that Bitcoin is like the Rose Bowl, the Granddaddy of them all! I would really try to limit my focus and research on the top 10 for now. Not that there won’t be stories of success from one of the nearly worthless ones now. It’s just that finding one is like picking the right penny stock. Sticking with established companies that are being recognized by the mainstream analysts is a much safer play. The same goes for the exchange you use to buy, sell, and trade. That’s why I use Coinbase to make my trades as they are the most trusted, secure, and convenient exchange. They also have the most thorough vetting process when it comes to adding altcoins.

Here’s a recap of the key points from this article:

-Bitcoins are created from mining

-Mining is done by powerful machines that solve complex math problems. You can also purchase contracts called cloud mining if you don’t want to buy a machine.

-The problems get harder as coins are mined and the rate of production slows down

-As of May 2017, there are only 72 Bitcoins mined per hour (12 every 10 minutes)

-On June 23, 2020, this will be halved again down to only 6 created every 10 minutes

-Nearly 80% of Bitcoin’s finite number 21,000,000 coins have already been mined

-Competition among miners and increasingly complex math problems are making it more difficult to turn a profit mining

-The final coin is estimated to be mined in 2140



Source by David Nathan

Bootstrap Financing- A Smart Start

By admin on September 19th, 2017 in Bootstrap

What is the number one question when starting a new business? Where do I get the money of course. Raising the amount of capital needed is what determines if a new business is going to get off the ground. A great place to start is with your own resources, or Bootstrap Financing. Bootstrapping involves using what money you already have and smart business tactics to start a new business.

Your own money is the easiest place to start. Use any cash saving, 401K’s and IRA’s. A home equity loan or other type of loan secured by a personal asset may be an option as well. You can either contribute money as equity in your new business or make a personal loan to your company. You may wish to consult your accountant on the best route to take.

The next best source for loans or investments is your family and friends. It is not unusual for your Mom, Dad, other relatives or friends to have access to more capital than you. You may be able to obtain a loan from them or give them an equity stake in the company. A close acquaintance is going to have more faith in you as an entrepreneur than an unknown lender.

Trade credit is another great source of bootstrap financing. It can be difficult to get favorable trade terms with suppliers when you are new in business. Many vendors may even require you to pay upfront or COD. You will have to use your negotiating skills and get to the right decision maker in order to get favorable trade terms. Ask vendors for 30, 45 or even 60 day terms to boost your inventory without spending a lot of upfront money. This is one of the best ways to reduce the amount of working capital you need, especially in retail operations where a lot of inventory is required.

Your customer base may be another source. If a customer writes you a letter of credit, stating their intent to purchase your product, it could help you get favorable terms from suppliers. Sometimes you may even be able to get existing customers to pay for products and services in advance. This will give you needed capital up front.

When purchasing necessary equipment for your business search for vendors that are willing to finance the purchase. Some vendors offer long term financing especially on large equipment. It might be a smarter choice to lease equipment rather than buy. A lease generally carries lower upfront cost, and you will be able to avoid functional obsolescence by simply trading the leased equipment when a newer better version becomes available.

There are numerous advantages to using the various methods of bootstrap financing. If you borrow less money, then your business will be worth more. This will put your company in a much better position when the need arises to raise more capital from outside sources. For most new businesses bootstrapping alone won’t be enough. You will probably need to get other types of financing along the way to success. But bootstrapping and hard work is a great place to start the journey.



Source by Karen Morgan

How Halving Affects the Bitcoin

By admin on September 19th, 2017 in Development

The halving takes effect when the number of ‘Bitcoins’ awarded to miners after their successful creation of the new block is cut in half. Therefore, this phenomenon will cut the awarded ‘Bitcoins’ from 25 coins to 12.5. It is not a new thing, however, it does have a lasting effect and it is not yet known whether it is good or bad for ‘Bitcoin’.

People, who are not familiar with ‘Bitcoin’, usually ask why does the Halving take place if the effects cannot be predicted. The answer is simple; it is pre-established. To counter the issue of currency devaluation, ‘Bitcoin’ mining was designed in such a way that a total of 21 million coins would ever be issued, which is achieved by cutting the reward given to miners in half every 4 years. Therefore, it is an essential element of ‘Bitcoin’s existence and not a decision.

Acknowledging the occurrence of the halving is one thing, but evaluating the ‘repercussion’ is an entirely different thing. People, who are familiar with the economic theory, will know that either supply of ‘Bitcoin’ will reduce as miners shut down operations or the supply restriction will move the price up, which will make the continued operations profitable. It is important to know which one of the two phenomena will occur, or what will the ratio be if both occur at the same time.

There is no central recording system in ‘Bitcoin’, as it is built on a distributed ledger system. This task is assigned to the miners, so, for the system to perform as planned, there has to be diversification among them. Having a few ‘Miners’ will give rise to centralization, which may result in a number of risks, including the likelihood of the 51 % attack. Although, it would not automatically occur if a ‘Miner’ gets a control of 51 percent of the issuance, yet, it could happen if such situation arises. It means that whoever gets to control 51 percent can either exploit the records or steal all of the ‘Bitcoin’. However, it should be understood that if the halving happens without a respective increase in price and we get close to 51 percent situation, confidence in ‘Bitcoin’ would get affected.

It doesn’t mean that the value of ‘Bitcoin’, i.e., its rate of exchange against other currencies, must double within 24 hours when halving occurs. At least partial improvement in ‘BTC’/USD this year is down to purchasing in anticipation of the event. So, some of the increase in price is already priced in. Moreover, the effects are expected to be spread out. These include a small loss of production and some initial improvement in price, with the track clear for a sustainable increase in price over a period of time.

This is exactly what happened in 2012 after the last halving. However, the element of risk still persists here because ‘Bitcoin’ was in a completely different place then as compared to where it is now. ‘Bitcoin’/USD was around $12.50 in 2012 right before the halving occurred, and it was easier to mine coins. The electricity and computing power required was relatively small, which means it was difficult to reach 51 percent control as there were little or no barriers to entry for the miners and the dropouts could be instantly replaced. On the contrary, with ‘Bitcoin’/USD at over $670 now and no possibility of mining from home anymore, it might happen, but according to a few calculations, it would still be a cost prohibitive attempt. Nevertheless, there might be a “bad actor” who would initiate an attack out of motivations other than monetary gain.

Therefore, it is safe to say that the actual effects of “the Halving” are probably favorable for current holders of ‘Bitcoin’ and the entire community, which brings us back to the fact that ‘Satoshi Nakamoto’, who designed the code that originated ‘Bitcoin’, was wiser than any of us as we peer into the future.



Source by Adil Adeel

The Texas Bootstrap Loan Program

By admin on September 19th, 2017 in Bootstrap

In 1999, Texas State Senator Eddie Lucio, Jr. introduced legislation aimed at making affordable housing more readily available to low- and very-low-income residents. Senate Bill 1287 required the Texas Department of Housing and Community Affairs (TDHCA) to create a loan program through which it partners with nonprofit organizations to help Texas residents purchase, build or renovate homes. Called the Texas Bootstrap Loan Program, legislation passed in 2001 made it a permanent part of the TDHCA affordable housing efforts.

According to the US Census Bureau's most recent survey, over 25 million people call Texas home. Of those, only 25 percent have higher education degrees. The average income is just over $ 48,000 and 17 percent of residents live below the poverty line. That means there are over 4 million people in Texas for whom home ownership is all but impossible unless they get some help. That's why the Bootstrap program was initially established in 1999 and given permanence just two years later.

Each year, $ 3 million is made available through the program and allocated to families which incomes are at or below 60 percent of the Area Median Income (AMI). At least two-thirds of the program's funding is reserved for counties participating in the Economically Distressed Area Program (EDAP). An EDAP area is defined as an area in which the residents' water and / or sewage needs are not adequately met.

In addition to making the program permanent, the 2001 legislation increased loan maximums from $ 30,000 to $ 45,000 per household. Under the program, families and individuals can receive a total of $ 90,000 to help build or rehabilitate a house, with $ 45,000 coming from the Bootstrap program itself and an additional $ 45,000 potentially available from private funding. The person who's going to own / stay in the house must provide 65 percent of the labor required for building or rehabilitation. This serves the dual purpose of keeping construction costs low and giving the loan recipient a tangible investment in the property. Studies have shown that programs requiring "sweat equity" are often more successful, with homeowners retaining their properties longer and maintaining them more consistently. And by keeping construction costs to a minimum, homeowners can opt for a slightly larger home or an amenity that would have otherwise been unaffordable.

Families and individuals can not apply directly for housing loans. Instead, non-profits and "Self-Help Centers" receive funding that they allocate to households. In order to participate in the program, non-profits must first apply to become certified "Nonprofit Owner-Builder Housing Providers." The application process is fairly simple, comprised of a 4-page information worksheet and supplementary information like a 501 (c) (3) certificate and Articles of Incorporation.

The Texas Bootstrap Loan Program is unique, and is a great example of a way that government can help people help themselves. To date, about 900 families have received assistance through the program and now enjoy the benefits and security of home ownership.



Source by Sean M Carpenter

The Bitcoin Mining Game Has Changed

By admin on September 19th, 2017 in Development

ASCI or application-specific integrated circuit machines have arrived in the Bitcoin mining market. The first machine arrived at a miner's home in late January and ever since reports have been trickling in of shipped ASCI machines finding their way into miner's Bitcoin mining rigs.

Since ASCI machines are specifically designed for the task of mining Bitcoin, they are highly effective machines at what they are designed to do. High end ASCI machines have a per second hash rate of over 1 million. A typical CPU running Bitcoin mining software has a per second hash rate of 1.5.

Needless to say the shipment of ASCI machines have been a game changer in the Bitcoin world. CPUs are no longer even supported by Bitcoin mining software because a CPU running 24 hours a day would probably not see a Bitcoin for several years, even if it was mining in a pool.

This trend favors those interested in mining who also happen to have thousands of dollars lying around to be used on expensive hardware, as well as the early adopters of Bitcoin mining who probably have made a hefty profit from their early mining efforts. Those early profits could be rolled into the latest and greatest hardware and rig setup to continue generating Bitcoins well into the future.

Those miner who are running relatively powerful GPUs are being hit the worst by the ASCI development. The difficulty in successfully mining a block of Bitcoin has increased to a level that may make the cost of electricity outweigh the payout a GPU miner will see in Bitcoin from year to year.

All of this speculation is tied heavily to the stability of the price of Bitcoin going forward. If Bitcoin stays around the current 30 usd level then innovation will continue to progress. ASCI in part has contributed to the rally that Bitcoin has seen over the last 2 months. The USD exchange rate for Bitcoin has soared from 10 usd to 30 usd. It is hard to find an investment with that kind of return anywhere on the planet, so it is natural for Bitcoin to be drawing attention in recent days. But will this attention last? And if so will it bring more scrutiny and volatility than stability on the young digital currency? In the long term relative stability is the one trait that Bitcoin must establish if it is to achieve the original goal of being a viable and competitive currency on a world scale.

So will Bitcoin transcend the current label of speculative instrument? The answer lies in a tangled web of variables that include the broad spectrum of humanity: politics, psychology, finance, fear, freedom, privacy, security … etc. Regardless of the output it is sure to be a fascinating show.



Source by Robby Andrews