Your Coin tv-programma
A blogger from the US (Jeremy Sciarappa) has had a very interesting 45-minute vraaggesprek with Hashflare.
Spil a service to our readers, wij have had the entire vraaggesprek transcribed, which is not always understood because of the poor sound quality.
Wij have marked unintelligible points ter the vraaggesprek with a question mark ter the text or with a time stamp.
Here is the original vraaggesprek:
Jeremy Sciarappa: Hey. What’s happening guys? Welcome back today. I got another movie, this one’s kleintje of crazy and I’m pretty excited that I wasgoed able to do this but I’ve done an vraaggesprek with Edgar Bers from HashFlare.
He’s the business development and relations manager at HashFlare, so this is pretty titillating and I got a basically a 45-minute vraaggesprek. I might cut some things out and leave a bunch of stuff ter but let’s check this out. It’s pretty cool, so let’s get right into it.
Everybody this is Edgar. I guess if you want to just like introduce yourself and tell yourself, like what your role is that at HashFlare or HashCoins. So go for it.
Edgar from Hashflare: All right. So I’m Edgar. I’m part of the HashCoins team, HashFlare, a cloud mining verhoging, is one of our products. What wij do is wij create software, wij create solutions for businesses, wij create block chains and cryptocurrencies for businesses.
Wij do a lotsbestemming of stuff, and most are related to security to communications. Hashflare (Verbinding from the editor: www.hashflare.io ) wasgoed among our very first projects.
It’s when wij determined that research-, well wij embarked spil developers of hardware back ter 2013, by then wij understood that this business deepthroats because I mean, whenever you attempt to ship hardware to someone else there’s just a big list of logistication problem with delivery, Hardware getting bruised during delivery, sometimes not getting delivered at all.
And wij are living te this postbode dot com era, I mean everything is online, so wij determined that wij should embark a cloud mining business and it’s running for more than four years now.
My role te the project, well I overeenkomst with business development, with communications, so I voorkant conferences, presentations, work with an investor, or basically people who want to make a large order but they need to more certain about everything so I usually come out to speak to them, kleuter of to explain how everything works and how to make profit with Hashflare (Listig from the editor: www.hashflare.io ) if you wish.
Jeremy Sciarappa: Okay. Excellent. So I guess another question I had wasgoed you know like.
I guess you sort of already covered this, so I wasgoed going to say something like you know, what were some of the challenges ter the beginning with HashFlare, and if those challenges still exist and if there’s any fresh challenges being developed on a daily poot?
Edgar from Hashflare: Yeah. I get it. Funny thing is wij are facing challenges every day here. I mean very first things very first, HashFlare wasgoed developed, wasgoed designed ter 2014 and back then wij didn’t even expect to have so much users spil wij have now.
Wij didn’t even expect such a big amount of traffic and rente overheen the entire thing. Back then nobody knew what would Bitcoin be ter future I guess, so even by like comments of Bitcoin for the price.
I didn’t indeed expect it to toebijten spil it happened. Right now the main punt is that-, the rente is the main punt. The more people get ter the stiffer it is to maintain the entire thing. Te the beginning of the year wij had three people ter our support department, now wij have ten and wij are hiring.
Wij need even more people and that’s just one lump of the entire thing. Another part is the webstek itself. Wij have to now reallocate this server for us, wij have to think of how to make it possible for more people to stay online on the webstek at the same time.
So a loterijlot of development work happening right now, a lotsbestemming of support happening right now, thesis are very likely the main issues.
When it comes to regulators for example, when people ask how the regulators #00:04:11# what do they think about the entire thing? Do they like it? Do they prohibit it? Do they promote it?
For example you know ter Russia they have a new-, the main challenge ter Russia is that you never know what happens ter Russia. One day prime minister says that Bitcoin should be legal, they won’t touch money, the next day you hear that money might become illegal, third day you hear that the money will be taxed, so you don’t truly know.
But since wij run our business from Estonia, so European Union, wij are indeed soft here ter terms of regulations, te terms of everything so it’s-, yeahb it’s effortless for us and the fattest issues of course the infrastructure part.
Jeremy Sciarappa: Okay. So I guess you know you mentioned how the user base has enhanced dramatically, so prior to I guess this entire Bitcoin spike te price, like can you say how many users were on your webstek versus what it is now, or like a ballpark?
Edgar from Hashflare: Well wij had-, you may need to find some information online because I have a number ter my head. If you roll back te time, back to when HashOcean wasgoed a scam service, it wasgoed a Ponzi scheme called HashOcean.
They had 800,000 users when they closed, when they scammed and disappeared. Back then wij had no more than 300,000 users so it wasgoed most likely a year ago or something like that.
So ter fact ter just the last duo of months wij got more traffic than te the last duo of years. You can just compare the sizes, and I think that even now, even the last time I checked with the stat, wij had just overheen a million of users, it wasgoed like a month ago.
I think it’s like overheen 1.Trio now million users. Yeah. It’s growing indeed quick. Quicker than wij indeed imagined.
Jeremy Sciarappa: I guess another question I had relating to that topic is like, are you able to scale?
Are you able to scale with the amount of users that are-, that a massive influx of fresh users coming ter every day.
Do you see a point where you might have to take a pauze and not permit fresh people to get te and buy hashes? To upgrade your servers or whatever else you need?
Edgar from Hashflare: Well what wij attempt to do here is wij’re building the plane while it flies. So wij are attempting not to switch something off, to work on something.
Wij never permit ourselves to disable the service for more than like 24 hours because users embark to scare because they think, “Oh no, the webstek is down. They have gone to some islands with my money,” and wij got a loterijlot of hate for that, so for every maintenance especially if wij didn’t know te advance, I guess I mean, hard times are coming every time wij do the same.
So wij attempt not to disable anything, but just recently maybe a duo of months ago, wij had to zekering selling SHA-256 contracts before wij ran out hardware, now wij’re fully tooled with it but now the hash money is sailed.
Well it will toebijten te future. Sometimes what usually stops us and not just us but also other services like Genesis or whatever is actually hardware.
The more people are there the less hardware there is te the market, the more difficult it is to accommodate everyone. But well you can play with prices here you can just-, I mean there are different ways to make this toebijten.
Jeremy Sciarappa: Yeah. So you know, like right now if I wished to I can go ter and buy 100 Terra hashes or even more I guess, and then you have people like CryptoNick, I’m sure you know who that is on YouTube possibly, I don’t know, maybe not.
But he shows off his YouTube channel and he has like Two,000 Terra hashes and I guess people are thinking like you know, when do the hashes run out? So can you share what the total hash power is of HashFlare or?
Edgar from Hashflare: Well, to be fair I have no idea because it’s enlargening on an almost daily fundament. Wij have agreements with the largest vendors out there to make sure that wij get fresh hardware swifter than wij manage to sell it, so wij’re able to mine for us for ourselves spil well.
And that’s the very first thing. Another one is, I think that ter the current market situation the hash power is practically unlimited, it will be enhancing for spil long spil Bitcoin price is rising. Just recently wij’ve seen about ten times more hardware vendors that are te market. A year ago when wij were going-, for example last year when wij were coming to conferences, the only company you will see them, the only companies you would see them, is either Bitmain or the one that’s going to be S9 Antminer, and BitFury that work on the zuigeling of same hardware.
Now, when you come to conferences there’s like a dozen of different vendors, all of them assemble their own miners, some of them are bad, some of them are worse, some of them are well somewhat good, but not spil good spil the big Chinese companies like Bitmain obviously.
But for example there are this hallow mining that have stated that they develop the best miner te world, however wij toevluchthaven’t seen it, wij haven’t tested it yet so I can’t say anything about it. There are under vendors like Innosilicon ,their hardware is like-, it’s zuigeling of inferior compared to others.
So what wij do here ter HashCoins and HashFlare, wij actually attempt to order hardware from all the vendors that there are ter the world. Wij test them, wij attempt to compare them to feed spil much good models te our gegevens centers and to lose spil many worthless ones out spil possible.
But what’s out there te the market right now is that-, it’s like flourishing. #00:11:02# wasgoed flourishing. It wasgoed thriving two years ago. A year ago wij got astonished, wij thought that that’s the maximum. Now wij’re astonished again and wij just zuigeling of expect it to toebijten next year, I know I do.
Jeremy Sciarappa: Like I mean, do you see the Bitcoin price going up like more or like just-, you don’t have to go into detail but I mean, do you have an idea on just personally what you think might toebijten?
Edgar from Hashflare: Have you heard of the Bitfinex and Tetra scandal?
Edgar from Hashflare: Well that’s one of the things you should take to the account, especially the fact that you haven’t heard about it and a lotsbestemming of people, a loterijlot of people toevluchthaven’t heard of it. Make a research, I think your channel would also like to see that. It’s Bitfinex and Tetra, (?the unit ter T).
So basically it’s the same people behind two projects and there have bot 600 million unity team printed sent overheen to Bitfinex, used to buy bitcoins using a leverage so-, but there wasgoed no dollars that were waterput behind this use of T’s so it’s like bubble care.
You need to check it out, and when you speculate but what can the price be? You also need to take into the account what can toebijten? I mean what negativity could toebijten? It might toebijten that ter 2018, for example before June 2018, you’ll see a collapse of the Bitcoin price and closer to the end of 2018 you will see another explosion up to I don’t know 40 grand, 50 grand.
It may toebijten. But you can never-, well there’re different speculation, some say 100K, others say it’s like 400 grand, some say #00:12:57# Maybe one day, maybe 2020, 2025 you’ll see a million dollar report, but before that happens I think that wij very first need to get closer to the 40 or 50 grand than 100 grand, because thesis are also thesis psychological levels that you have to pauze through. But I also have big faith ter Ethereum.
It’s a indeed ge project. But what I personally dislike right now is the Bitcoin specie, Bitcoin Gold, Platinum, whatever and #00:13:32# The Bitcoin forex because thesis are basically different shit coins that have taken the Bitcoin name to voorkant themselves telling that, “Oh look, we’re not just another coin.
We’re Bitcoin,” but not truly Bitcoin but still Bitcoin because it’s te our name. You’ve seen people that have no affiliation with the Bitcoin forex development who bought the bitcoin.com domain and now using this name they speculate, they invest te the Bitcoin specie. #00:14:05# other people, the Chinese.
I don’t know if you’ve heard, but Bitmain-, right now wij are attempting to freeze our cooperation with Bitmain ter favor of other vendors because Bitmain sells their hardware from Bitcoin contant only, so they attempt to artificially stimulate the Bitcoin metselspecie prices, that’s what can cause another collapse. Because you never know. The funds are allocated within single mitts.
If you check the Bitcoin distribution right now, I read it online, the 100 reaches Bitcoin wasgoed, you will see that 85% of all bitcoins are on less than 0.6% of #00:14:51#, well less than a procent of #0 0:14:54# holds 96% of bitcoins. So when you attempt to speculate and think of what could price be, well, nobody can.
Jeremy Sciarappa: Yeah. You can’t indeed say. I mean you can’t truly say. So yeah you were mentioning like Bitmain and a few other Antminer, yesterday they went on sale again and everybody wasgoed pissed off because the prices went up overheen $1000. Yes we’re close to $Trio,000 now but Bitcoin specie you have to pay with Bitcoin specie.
And I think they’re sold out now, I didn’t double-check but somebody said they were sold out, you can’t get them anymore again. So that just brings mij back to you guys on HashFlare yesterday.
I think you guys also enhanced your prices on your webstek so you were a $150 vanaf Terra hash, now 220, so I guess does that have something to do with the Bitcoin price enhancing or like can you maybe pauze that down a little bit?
Edgar from Hashflare: Well it has do with both the Bitcoin price enhancing, the request enlargening, and the supply decreasing because spil you know the supply is getting shorter and shorter, because the request is enhancing.
Well practically supply stays the same whether you talk about wholesale because for example big vendors like Bitmain can for example ship you a batch for like $Ten million.
Smaller companies don’t have that manufacturing so they cannot just ship it that much, so te order to get the same size batch of hardware you have to work with ten different vendors at once, and they also see that prices are enhancing, they also see that once unknown now ter high request hardware from like paying vendors is also brief ter the market.
So they all increase the price-, everybody increases the prices so if wij don’t know we’ll begin losing, so that’s basically the only logic behind it.
Jeremy Sciarappa: Yeah. So wij metselspecie out, I guess you guys just enabled that today, right? But ondergrens point to Bitcoin I think it was-
Edgar from Hashflare: So right now wij enabled withdrawals just for testing. I mean wij had an punt with #00:17:Ten# to voorkant this point for mij.
Jeremy Sciarappa: Actually that’s a good idea.
Edgar from Hashflare: I’ll explain ter brief how it works te our webpagina. Wij have a gegevens center of miners, all miners are allocated to pools and are mining bitcoins.
The bitcoins are not sent directly to HashFlare user accounts, they are very first sent to ours because if there’s an kwestie they centralize their receiving, then thesis accounts are interconnected with the system to understand how much each user have burned causing lead to the amount of HashFlare purchase, then this money is sent to the balance and when you want to take the money out of the balance to your wallet, there is another gateway that processes-, that gets a request from us to send an invoice, just a civic order which will then update within our system, which is approved within our system.
The money is sent to #00:Eighteen:11# the gateway that does the entire thing. And #00:Legitimate:15# then process the transaction, sends it to the Bitcoin network. So then it’s like a middleman inbetween us and the Bitcoin block chain and this middleman works on very likely national processing.
He takes requests, processes it and converting the transactions, takes money, sends money.
They have issues right now, of course everyone does. #00:Legal:39# because that’s also reason why the bitcoin contant is getting popular right now, because the bitcoin network is fighting, and wij are on the (?downside) phase so if something fights ter the beginning of the line ter the end of the line wij get problems.
So wij have enabled thesis withdrawals with higher emissions and for higher orders because wij don’t want people who just for example whom like-, like $Two worth of Hashtrade obviously they are dated by others not spil the, spil current bitcoin network transaction fees.
I mean $Ten vanaf transaction is fairly a lotsbestemming and you can’t get $Ten out of $Two #00:Nineteen:25# wij have to veelzijdig it. Wij have to cut smaller vendors out of the loop for now until the network is all right, until the transactions are cheap again, wij don’t need-, to be fair wij don’t know when it will toebijten.
It may happen-, wij hope it will toebijten before the end of the year, it’s up to actually the Bitcoin core team to face the punt, but once it happens wij will need more withdrawals for smaller transactions spil well. But the reason why wij enabled it anyway is because ter our system you’ve most likely seen wij have this affiliate program.
This affiliate program permits not just people to invite their friends but there are other agencies that have employed-, people employed who suggest thesis services across their channels for a commission, and they have to pay their employees from thesis commissions.
So their withdrawals are usually higher than 0.Two BTC, so wij have to give them, and two it’s significant because it’s business. I mean it’s not just like you throw te some money to the podium and you just take out specie sometimes like a hobby.
It’s their business so wij have to adapt for them, but spil I said wij hope that it will be solved te future. I hope most likely sooner than zometeen but you’re still tied to a bitcoin network the way they treat transaction and transaction cost and speed.
Jeremy Sciarappa: Yeah. I totally understand. It’s totally backed up right now. I think there’s like what? 300,000 unconfirmed transactions or something crazy like-, and they’ve bot sitting there for a while.
Edgar from Hashflare: Same is happening to Ethereum. Wij have another project run by HashCoins, it’s our previous payment institution and it’s more related to financial world, however, wij have thesis previous tokens which are basically a byproduct of Ethereum’s wise contracts.
But maybe you’ve heard all of the (?Crypto keys). Just a spel, a collection spel ter all Ethereum it collapse the network, people cannot send their previous tokens but the gegevens I see on tokens that either is wit on them.
All of them are now too late, they are not getting through, every company, every service, that wij are friends with, that wij speak-, that wij periodically speak to, then how to be customer based, everyone is attempting right now because-, like there are all those users who cannot wait for example for a duo of hours and they startcreating a toegangsbewijs, after a toegangsbewijs, after a toegangsbewijs, just howling that their transaction is not coming through and somebody asks, do something about it but nobody can do anything about it, because the way the cryptic is, they are just collapsing the network and the Ethereum foundation team.
They are also like, “What the hell is happening?” the Bitcoin team is the same and what would toebijten when the Bitcoin price would reach 100 grand?
Jeremy Sciarappa: How long would it take to receive like-, like what would toebijten? I mean, I don’t know. Nobody’s everzwijn going to get any of their transactions.
Edgar from Hashflare: Right now I mean-, I don’t even know how (?trading keys) is not happening te Bitcoin. Let’s imagine overheen Trio hours for a transaction to be confirmed, if you want to trade with an exchange.
If you for example use like classical hedge fund, like classic out of the traders contraptions, the transaction starts within seconds, seconds, and here like hours.
Jeremy Sciarappa: It’s totally uh-, it’s not truly too efficient. It used to be but now so many people are making transactions. It’s making it firmer.
Jeremy Sciarappa: But it still doesn’t mean that Bitcoin contant is good. Don’t fall ter for the bait. I don’t know, for how long have you bot into the cryptocurrencies?
Edgar from Hashflare: Well I heard about it back ter 2012 or so but didn’t truly understand it and kleintje of brushed it aside.
2015 got back into it again, but zuigeling of brushed it aside again and now let’s say about a month ago, I bought my very first miner I wasgoed like, “Screw it. I’m doing it this time,” and then I-, that’s about a month ago.
So I’m doing both Bitcoin and also Ethereum.
Jeremy Sciarappa: Because two years ago there wasgoed this project called the Bitcoin Classic, a fancy name, and the project wasgoed created and supported by one of the Bitcoin core developers, his name wasgoed Mike Hearn if I’m not mistaken, and two years ago he came out telling that, “Well, Bitcoin block size of 1 megabyte is bad.
The network is fighting, the transactions were slow and expensive,” so what’s happening today happened two years ago, and he suggested that the best way to solve the kwestie is to increase the block size into megabytes.
Well I’ve bot talking to other people, like Jon Matonis, who’s one of the founding directors of Bitcoin Foundation, and some other people from the Bitcoin Foundation regarding this matter and their opinion on, “Well, will the increase of block size truly help?
Does it indeed bring the value that’s needed for Bitcoin to work spil a payment met?” well, their response is basically #00:24:56#
So all right, wij increase the block size two megabytes today, what should wij do te a month? Increase it to four megabytes, right? Ter a year eight megabytes, right? It’s not a solution.
It’s just a very first boarder of solution but it’s not a solution. It’s something else. Something downright different. So that’s why I think, and many technical guys from the Bitcoin area boy I communicate with, they have more faith te Bitcoin. Bitcoin is human.
Bitcoin will be more reliable ter future development progression rather than running behind the high train of Bitcoin contant and Bitcoin Gold and Bitcoin platinum and Bitcoin whatsoever.
Bitcoin quantum I’m sure that this would happening ter the future. You can just make a list of name predictions, like this prediction kienspel and if you win, I don’t know. Big spel for that, unluckily Ethereum just like cryptokeys, you will burn instantaneous on that. I’m more that sure.
Jeremy Sciarappa: Nice. And one of the things wasgoed like, I wasgoed wondering if there wasgoed a possible way maybe not now, most likely not possible, but if you can share like a movie tour or like a brief little clip of something like of-, like what kleuter of hardware you guys are using or whatnot.
Edgar from Hashflare: Have you seen our Instagram?
Jeremy Sciarappa: Yeah, I have.
Edgar from Hashflare: So there is like all of us on Instagram.
Jeremy Sciarappa: So on HashCoins, right?
Edgar from Hashflare: Yeah. Yeah. You can even see mij. There’s photo of us assembling our very first Ethereum farm here te Tallinn te Estonia.
There is a photo of mij laying on the ground with movie cards, there’s slew of mij lounging on them. But you very likely want something thicker, something better and there is a thing wij project to do ter the future, this winter, wij toevluchthaven’t yet gone public about it because wij are still working on logistics, but right now wij are moving a lotsbestemming of hardware to a fresh center te Iceland.
Wij were programma to make a big movie on how wij create the entire thing from scrape, how do wij laptop it, how wij assemble it.
Wij will have the movie, like a fine movie coming maybe te a duo of months, so you can see #00:27:27#
Jeremy Sciarappa: Sorry. So did you commence filming that already? Like did that process commence or?
Edgar from Hashflare: No. No. No. The camera team-, there are no cameras yet, because spil a begin wij are working on logistics because you need to budge a loterijlot from China to Iceland from other parts of Europe, from Germany to Iceland again, plus wij have some interesting deals outside of Iceland because-, did you know that there are countries ter this world where violet wand could cost less than $1 a cent vanaf kilowatt, and that’s not China?
Jeremy Sciarappa: You’re telling one cent? One penny vanaf kilowatt hour?
Jeremy Sciarappa: Less than one penny?
Jeremy Sciarappa: That’s crazy.
Edgar from Hashflare: Yeah. Exactly. So wij’re attempting to go after this-, I mean the thing is that this suggest came to us after wij already signed a overeenkomst with another center ter Iceland, so we’re like attempting to think of what wij’ll do next.
Do wij go to Iceland? Do wij share hardware? What do wij do next? So that makes a puny delay for about a duo things maybe, but yeah, I think that late January, maybe ter February wij will have the movie out.
Plus wij are redesigning HashFlare, there will be the HashFlare Two.0, wij will soon have some publications about it, and articles about it, about the team behind it because-, well a lotsbestemming of things are happening on the background and wij actually know what people think, what people say. About the speculations, about the trust issues and people are worried whether wij are fake or not, and about our hardware, about well everything.
Wij know what people are telling so wij want to make everyone blessed, so yeah, wij’ll do our best to display that we’re-, vertoning our hardware, voorstelling how wij work, because right now you can practically visit us te Tallinn te our office, wij can get you into some our-, for example wij have a puny farm here te Tallinn just around an hour-, ter an hour of driving up from office wij can get there if wij have example agreed with them prior to go visit, because well wij have bot.
All of that can be considered but wij can showcase things, wij can demonstrate the office, the people, the mine, hardware, if you wish just come to us.
Jeremy Sciarappa: Okay. You mentioned you want to do like a movie or movie, so spil soon spil you said that I kleintje of got an idea.
So I also create like virtual reality movies I’m sure you eyed you wear a headset, you like look around, or you could use your phone and pan around. So if you need some help to shoot a virtual reality movie I’ll come out there and help you guys out. I’ll just throw it out there. I mean it’s obviously not necessary.
Edgar from Hashflare: Where are you based?
Jeremy Sciarappa: I’m te the United States, so like close to Fresh York. Fresh Jersey.
Edgar from Hashflare: Close to Fresh York, DC you mean?
Jeremy Sciarappa: South of Fresh York, so it’s Fresh Jersey basically.
Edgar from Hashflare: Well that’s East Coast.
Jeremy Sciarappa: Yes. Yeah. Yeah. Yeah. East coast.
Edgar from Hashflare: interests mij. If you were ter Westelijk Coast it would be tighter to get to Iceland anyway, but right, I got where you’re heading. You have the equipment?
Jeremy Sciarappa: Yeah. Yeah. That’s what I do also on this side as-, well that’s what I did, still do I guess like freelance work and also for my YouTube channel.
Edgar from Hashflare: I have a question, is it possible to create a 3D virtual reality permanently working webcam to install into the mining facility, for everyone to just login and just-
Jeremy Sciarappa: Yeah, of course.
Edgar from Hashflare: It sounds interesting actually. Because what wij desired to-, what wij also mainly wished to do, wij dreamed to install these-, well you’ve very likely seen this thing, it’s like a line with a screen, with text running on it, you can just write something and the text emerges and it goes through this lil’, narrow and this long string, and wij want to use the same one ter the system.
So for example, if you to check whether this is a real mining facility, you can pay like some #00:32:02# send a message and see it live on the screen at the center.
Jeremy Sciarappa: Yeah I got you. Okay. Yeah, it’s a good idea.
Edgar from Hashflare: So if wij combine it with virtual reality like Pokemon GO, it will be indeed joy.
Jeremy Sciarappa: Yeah. Certainly. Okay, so I mean wij’re getting pretty close here. So maybe this is a possibility, so I got a ton of-, somehow I did one movie on HashFlare and I wasgoed able to accumulate a bunch of people to sign up under mij and get a ge amount of referral commissions.
So I wasgoed wondering would something be possible to do like a discount code to share, or are you going to be releasing your own discount code like during Christmas, or maybe for the Fresh Year, or no discount codes at all?
Edgar from Hashflare: Some inwards information, so wij actually don’t know if wij want to make Christmas or Fresh Year’s campaign because there’s too much people coming to HashFlare right now, because of the service capability wij cannot permit ourselves to sell some more and more people, because if more people come to our toneelpodium at the same time it goes down, so if wij manage to reallocate the parts of the infrastructure before the end of the year wij may this want some discounts, but spil for now at this precies ogenblik of time, I can’t give any positive information, any discount for now. But it may toebijten te future spil the system infrastructure is upgraded.
Jeremy Sciarappa: Okay. Yeah. That makes sense. I mean you’re ter control of that, like it’s just a question so it would be nice but hopefully ter the future that would be cool to do.
So I guess wij might have already talked about this, but this is most likely going to be the last question, but like where do you see like HashFlare going te 2018? Like I know you mentioned a Two.0 you want to do for HashFlare , and you know all the upgrades, but is there’s something else maybe that you didn’t touch on or expanding into different areas te crypto currencies, or maybe not even related to crypto currencies maybe?
Edgar from Hashflare: When it comes to HashFlare, you see, for us HashFlare is just the system like you know for example arranging your server for a spel server or whatever, you just have some plain equipment staying te some gegevens center and you just rent the hashes, the power.
Jeremy Sciarappa: Yeah. The CPU power or hard drive space.
Edgar from Hashflare: Yeah. Exactly. So our treatment is the same when it comes to money equipment. Wij want to expand the amount of contraptions, so for example, you want to do-, you buy this SHA256 money contract, but you don’t want to mine bitcoins with it. You want to mine bitcoin specie, I don’t know, why not?
Wij think that bitcoin contant is scam, maybe you still want to mine, it’s up to you. It’s your choice. It’s still your equipment for the time being then-, well wij wouldn’t be permitting you to do that.
That’s one of the options we’re thinking right now. Another thing is wij want-, now there’s a lotsbestemming of rente from people who want to resell their services for the Commission toverfee. So we’re also creating thesis white label toneelpodium.
Wij are also creating API’s so you can create like multi-level platforms, for example take many different cloud mine platforms like Genesis or HashFlare, take their API’s, combine it within a single platforms to monitor thesis things, to hedge your fund somehow on different services if you want to. That’s not an option.
So spil far spil HashFlare is worried wij are-, when wij talk about scalability, wij mean addition of fresh devices, addition of fresh options and possibilities for users.
Spil for HashCoins spil a business running it, well here wij are more focused on creating more security solutions, more secure solutions for the financial market, and the fresh trend, the trend of 2018 among businesses will be the gegevens protection especially te Europe, the KYC. The expansion of cryptocurrencies market, created, not created but highlighted.
One of the major issues that’s happening right now te the market that you don’t indeed know who is the person behind the screen? Who are you talking to? Who is selling you something or buying something from you? And there are some digital devices of identification, but they lack technology, they lack user convenience, so wij are focused on that mostly.
Spil far spil cryptocurrency ter general is worried, you were talking about what will toebijten if the market itself besides the technology required for businesses to operate, cryptocurrency.
Well, I personally expect to see more regulations coming, I personally expect European Union creating more regulations and running out fresh statements on what’s cryptocurrency? What’s bitcoin ter the very first place? What’s Ethereum?
I also see Ethereum price rising way above that one grand because-, you’ve heard of the Ethereum Enterprise Alliance or association.
It’s a group of companies like Toyota, like Intel, like Microsoft, that are working on defining principles and the standards of brainy contracts for Ethereum, and this is like-, it’s getting thicker with each month, the price will be getting higher, and if you’re for example, if you’re afraid that bitcoin is overheen hyped, overheen pumped with some textures or there is just too much expectations that will never get delivered so to say, that no one supplies for such high stations because everyone is expecting bitcoin price to be 100 grand te the future.
If it doesn’t toebijten the scare will cause the market to maybe collapse. You’ll see one of (?high seers) coming out, you’ll see a loterijlot of (?high seers) dying out, you’ll see a lotsbestemming of tokens-, I mean you’ve most likely seen that there is overheen 1,300 cryptocurrencies listed to coin market cap alone, and there is overheen 900 cryptic currencies with capitalization overheen Ten grand which I know is not a loterijlot but it’s still something that’s more than nothing, and I think you’re just-, if you attempt to look a more perspective wise treatment to-, look at the bitcoin price and how it’s growing, ter 2000, when the Bitcoin price wasgoed less than a dollar and it went to $Ten, everyone called it a bubble.
Then it went to $100, just imagine the graph without what wij have now, but just get thesis stats when it wasgoed like less than a dollar, less than dollar, or ten dollars, it’s like 100 times increase, it’s a bubble.
Well, I’ve personally seen Bitcoin being called a bubble when it wasgoed less than a thousand, less than Two,000, less than Five,000 less than Ten,000, now it’s 20,000 and people are still telling that it’s a bubble.
It will be just 100 grand and still be called a bubble, but still wij have Ethereum here, which is not just a monetary position, not a value storage but rather a technology rather than-, it’s an infrastructure like MIOTA you might have also heard of them, it’s IOTA.
They are also creating the infrastructure for clever devices, so I personally expect with more regulations coming to the market the projects that are meant to just create value out of skinny air for the only purpose of release value they will vanish, but technology projects like Ethereum or IOTA or EOS or BitShares, they will be bringing the money to the table, they will be the fresh market leaders, the chambers of the cryptic economy of the future.
Jeremy Sciarappa: Now, I undoubtedly agree with that. It needs to be backed by something not just speculation or just people pumping money into it. Like if it has like a technology associated with it and it’s an awesome or indeed useful technology then I think that coin is going to do a loterijlot better than some other random thing that somebody just had an idea to do something.
I think that wasgoed it. I mean thank you so much Edgar, like this wasgoed indeed awesome. It’s cool to have like a face to like, you know what I mean? Like you go to Twitter, I mean you don’t know who you’re talking to or Facebook or whatever, but you know this is awesome that you were able to do this for mij and spend like 45 minutes of your day.
I mean I’m getting my day commenced now, you’re most likely end of day work there but, yeah.
Jeremy Sciarappa: Five PM, yeah. It’s about 9:47 ter the morning. (B: You’re an early bird. ) what? What?
Edgar from Hashflare: You are an early bird.
Jeremy Sciarappa: Yeah. I attempt to be but it’s hard sometimes.
Edgar from Hashflare: Right. Thanks for having mij today if that’s it. Make sure if you have other questions just-, you can send it overheen to mij by email or by Skype. I’m always there to response.
I hope that we’ll talk again maybe next year, there will the fresh things happening te the market so just make sure to invite mij to have a talk overheen them.
Jeremy Sciarappa: All right. Thank you so much.
Jeremy Sciarappa: All right. See you.