1. For those who haven't used cryptocurrency before, what is crypto-coin, and how does mining work?
A cryptocurrency is a digital currency which is can be used as a medium of exchange. The currency is created by using a program that uses a defined algorithm that limits the amount of coins that can be mined, and once they have all been mined, there will be no more of them being created. This creates a currency with a defined number of coins, and provides for distributed, decentralized, and secure information based economy.
For most users of cryptocurrencies, it is not necessary to understand how the mining process in itself works, but it is fundamentally important to understand that there is a mining process to create the virtual currency. Unlike currencies as we know them today where governments and banks can simply choose to print unlimited amounts if they wish, cryptocurrencies have to be mined by users using a mining program that solves sophisticated algorithms in order to release blocks of coins that can go into circulation.
This is part that makes the cryptocurrencies unique, as there is nobody who can simply press a button and create extra coins. Each cryptocurrency uses a different type of algorithm in order for blocks to be released, but in general it is not something that you should be using your computer to do as it takes specific equipment to mine and it will provide you with a huge electricity bill compared to the profits you will be able to make from it. It is also worth noting that the more coins that have been mined from a cryptocurrency, the more difficult it gets to release new blocks and thus get new coins. This enables the currency to stabilize as more coins are mined.
At the moment it's relatively easy to mine HEX because it's so young. The further down the track we get, the harder it will be to mine. Get in early!
2. Why did your company choose to name its currency after the Heisenberg/Walter White character in Breaking Bad?
Heisenberg cooked meth in his lab known as Pure Blue. It was such incredible quality and the best in the marketplace by far (as I'm sure most people already know). We felt this perfectly embodied what we are trying to achieve with Heisnberg HEX, by creating a great coin that will become a leader in the cryptocurrency marketplace. We are interested in the long-term growth and opportunity this coin will provide. Aside from all that, we just love Walter/Heisenberg!
3. What makes Heisenberg Hex unique?
There are a lot of new coins in the marketplace. Some good, and others not so good. The key to any new currency is the people behind it. Some are just get rich quick schemes, and most are just mismanaged. We have a very strong and highly qualified team to ensure this coin grows, and that the HEX community always has a Dev (Development) team to ensure all aspects of the currency run smoothly and securely. This really is where we shine. We have software programmers and engineers, a professional marketing department, web designers, and an admin team. We are committed to the long-term success, and as such are happy to see slow and steady growth and adaptation in the marketplace.
4. For someone who is new to mining and wants to get involved with mining Heisenberg Hex, what's the best way to get started?
The very first thing you need in order to start mining coins HEX is to go to our website www.heisenberghex.info and download the HEX wallet. You can then start mining from one of the mining pools that is listed on our site.
When you first download the mining program, it will have to connect to the network and synchronize with it. This can take anything from a few minutes to up to several hours, depending on how many blocks you need to solve first before you can synchronize. Once the synchronization is done, then you are basically ready to mine.
All you need to do from here is to go to the mining part of the wallet, enter the values you want to have, and press the "start mining" button. The system will then begin to "mine" for coins and depending on your system you will see some results within a couple of days. There is a lot more to mining in general, but this covers the basics and gets you started. The team at HEX are more than happy to answer any questions and provide the support you need in this regard.
5. How did you personally become interested in cryptocurrency, and how do you see it evolving in the next few years?
I became aware of Bitcoin about two years ago, and stared to invest about a year ago. I see digital currencies having a huge impact in the years to come and completely changing the way society views traditional currency. Whilst I feel Bitcoin will do extremely well, as it is already established due to the fact it was the first on the market, there is still plenty of room for other digital currencies. As the alternative currency market is still very young, there will be some astonishing returns if you choose the right one to get into. The HEX team are going to make sure we will to be one of them.