What Is THETA?
Theta is a decentralized video delivery network besides everything mentioned in the previous paragraph. But this innovative platform functions as a cryptocurrency and a blockchain. The Theta blockchain stimulates the sharing of bandwidth across the system and solves streaming sector-related issues at both technical and economic levels. The reason for Theta’s developers to design the video streaming part of the whole ecosystem is to tackle various challenges the streaming industry faces today via the new blockchain.
The network's users and community have been contributing to the growth of Theta. Theta, aside from the platform, is an open-source protocol that enables decentralized apps (DApps) development for esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming provision. One of Theta's goals is to become a blockchain-powered video delivery platform featuring decentralized streaming and token-based bandwidth sharing model.
The upturn of live video streaming platforms and blockchain technology development came along. That influenced Theta enthusiasts to merge both within the Theta platform. At that period, the programmers thought about a video delivery network creation, operating on top of the Theta blockchain. Theta blockchain has been providing an environment for the use of the platform’s THETA token, while the delivery network remains a place for decentralized video streaming.
P2P marketplaces, Automated Teller Machines (ATMs), direct commercial brokers, and exchange platforms are the top four digital programs for cryptocurrency acquisition and exchange THETA. To buy or exchange THETA via an exchange tool, Godex.io is one the best alternatives as it is an automated anonymous crypto trading platform offering more than 200 crypto coins available for swaps; 24/7 customer support; no personal data, accounts, registration required; immediate transfer system; minimum wage for a transaction, and just following up THETA news. Godex developers set security protocols for the conversion instrument and the protection from Distributed Denial-of-Service (DDoS) Attacks that purposefully disrupt the work of a targeted server, service, or a network. In this way, Godex.io service is a respectful tool for various processes completion towards purchasers, traders, investors, merchants, and others. Every single user’s data is encoded and remains anonymous. There are no limits specified for the transaction volume or number. Godex additionally utilizes International Currency Exchange Rate (ICER).
Here are the four ways to buy the coin: credit or debit cards; bank transfer; cash, or another cryptocurrency. The last option is a synonym to an exchange which is available on Godex.io. The three simple steps to buy Theta on Godex.io/exchange-rate are picking two coins for the swap, saying THETA to usd, and setting the amount → checking the recipient’s (Dogecoin) address and order details → click Exchange.
Circulation of THETA
The circulating supply of the altcoin is $1,000,000,000 THETA; the maximum supply is the same number. The market cap is $3, 774 billion with a 24-hour trading volume of $217, 869 THETA price usd.
Can You Mine Theta?
Yes, Theta mining sounds realistic, however, it's always a good idea to invest some time in research first. Especially when it's known that one's setup will 100% generate any profit. THETA price periodically fluctuates, and the amount of miners also plays a great deal in one's chances of turning a profit. An individual has to stay tuned about the current prices of THETA as it is so much worth it setting up a mining rig with a good THETA price (THETA price usd). Godex.io is a great platform for monitoring the price of THETA, THETA news, and more.
To make the first step towards earning by mining, you can initially mine THETA with own computer.You can also join some miner pool if considering going with the computer way. Mining with a computer, on the other side, might be a bit challenging as a GPU will not produce a large volume. It is still something as for the beginning though.
As soon as you feel more and more confident in it, it is time to invest in GPU. Graphics Processing Unit escalates data capacity and output and the number of concurrent calculations within an application. To be assured that you are not wasting money, check mining profitability charts simultaneously and frequently. Mining profitability charts demonstrate how much USD one can earn for 1 Mh/s of hash rate. A hash is essential to blockchain management as it is a setting that converts an input of letters and numbers into an encrypted output of a fixed length. Those charts also have the electricity expenses covered. Mining difficulty increases with the number of miners, and every time the demand for a larger hash rate increases. Your hash rate is basically how much computing power you are providing for mining new blocks. This takes what is called "block time".
Another method of mining THETA is investing in the ASIC setup which requires more knowledge and practice. ASICs hardware would be one of the most powerful instruments for mining which might be unaffordable. Application Specific Integrated Circuit is a type of hardware utilized for mining. It’s price ranges between $600-$1000 which pushes all users away except for professionals.
Cryptocurrencies like Bitcoin are ASICs mined so nowadays mining these with a GPU would be useless. Here is why: one of the best GPUs that gives 1 GH/s of power and Antminer U2 costs $400 on the market and $20 on Ebay; moreover, Ebay will provide 2 GH/s. Therefore it is crucially important to estimate the worthiness of mining on any of those types of setup.