($Vix) Vixel Brand New POW Coin!! Micro Market Cap Gem Deep Dive!! Gpu Mining?!?

[Music] open what is up everybody welcome back to underground crypto we got another Deep dive for you today another low market cap gy right off the bat Guys these videos are not a call to buy any of these videos I'm not a financial adviser and nothing I say or do should be taking this financial advice and I know you guys are used to hearing that from everybody but these are just deep Dives like we're just looking at projects like for example the one that we did yesterday this Mega land looks like a really cool project and they even have some kind of game you can download I'm not downloading it as of right now I need to do a little more research be you know be very careful about what you're downloading different projects you look at all of

them have a wallet if they're a rug pull um and there potentially they you know the team knows they're going to rug pull there's High chances that there's something malicious in that software that you downloaded so be very careful and with all these different projects you know it only takes one to to you know get in your computer in your network and ruin you so just be very cautious you can go to an exchange like a g jix buy the the coin send it to another wallet a lot of the time and you don't need to have their specific wallet quote unquote that they created with that being said guys we're over here on a GX you click markets it'll take you to spot Market you click new listings and that'll bring you where we are today now a

lot of times I cover these videos or these videos a lot of times I cover these coins um right when they put them up so you'll see It'll say zero circulation zero market cap um that may not particularly actually be true they have to get the information aggregated over you know to their platform and it takes them sometimes a week week and a half to really get that information together some projects you go and try to find in other places and it's like impossible to find them or their market cap cuz like a lot of people we rely on coin gecko coin market cap a lot of the time to look that information up and when these coins are so new um they just they just don't even have the information basically I would assume that when they sign

on cuz you know they they have a contract they have some kind of agreement with the GX um for the liquidity tokens that they Supply and stuff like that that's where the exchange gets the tokens from I'm assuming I don't know all the ins and outs or all the details but I would assume that um they're supposed to supply the information and that will come in within a certain time period we are literally just looking at the project so then this one for today is Vicks it's called vixel I have no real knowledge of it if you look over here's the project if you go straight across you will see all the links one of the things I really like about this you know exchange is they have all the links here um lately we've been getting like no

coin gecko links there's one right here and that's about it so let's go ahead pop over to their website and it says vixel coin vixel techn techn logical coin secure Anonymous fast Global um seems like a pretty quickly put up website uh I scrolled just down at one time and it didn't seem like it was that long so this might not be that long of a video apologize if you can hear loud Vehicles outside can't control the neighbors all right full nodes protect the network by managing your node wallet get access to cryptocurrency through your wallet and they have a Discord and we will probably open up their Discord try to take a look Services one of the most powerful and secure crypto mining algorithms in the world is X11 an algorithm designed on the basis of using a

sequence of different hash functions with a single purpose to offer the best possible security for crypto currency mining um I don't really know what X11 is in detail I do obviously know that it is an algorithm um I see it on other websites and other upcoming coins lately I feel like we've looked at quite a few coins like obsidian and stuff like that where they are you know basically a layer one in their own right although they're like brand new and they're uh proof of work you know they're mining or they're you can mine them you know they're a mining coin where you have like ethereum was and then it shifted to proof of stake and then you have proof of delegated stake and you have all these different other variances of how the network basically runs and secures

itself mining I'm not going to go into detail to explain mining right now but you know if you don't understand it it's basically being a part of the network solving a complicated equation using computer equipment to get a small Financial reward for updating The Ledger which is a list of transaction and then that gets updated to everybody else that's how the network knows what's going on all right let's hop right into this and read their little Snippets that they have here for it says high level of security this is because not only one hash function is used several of them are used in in simple to program feel like that could be written a little better X11 programming is not as complex as creating a new hash function might be instead the work of already secure function is used

to create a more secure system then we got it's friendlier in terms of computing power maybe they mean energy use that would make sense X1 yep is less demanding in terms of computing power to be successfully resolved Blake the in the initial function is very fast and computationally comp is very fast and computational I think is what that should say inexpensive compared to sha 256 that's a bunch of mining type stuff if you don't understand that you know I recognize the words cuz I read them a lot but but I I have no idea what they mean to be honest with you I'm not into mining necessarily but I would like to get into that and do more videos on this channel it is possible to reconfigure the algorithm you can even add additional hash functions like x13 or

X17 which are just X11 variants with more active hashes offer great mining performance on CPU and gpus offer a good level of profit to those who mine with this type of device and X11 algorithm works on a sequence of 11 different cryptographic hash functions so gpus and I'm assuming CPUs I one of them is common in your computer I am by no means a computer wiz or technology you know oriented person on a day-to-day basis you know I I'm more of a carpenter I work with wood and and that kind of things I work with my hands not on computers but um yeah this claim that they're making here is pretty cool in my opinion because it means you could use a less complicated device like your laptop a tower other than like an actual A6 Miner if you're

into mining you will know most things you cannot really mine profitably with a computer like when Bitcoin first came out people were mining it right on their computers you know their laptops and because of the increas in value they made a crap ton of money doing that but in today's landscape that doesn't necessarily work out so well um you could say some of them are profitable if they go up in price but for where the prices of a lot of the coins are now if you can even mine them because most of them you can't even mine with a GPU or a CPU or whatever's in a you know your standard computer laptop or Tower um a lot of times they're completely non-profitable and you have no idea if they're ever going to go up all right pop off

of that bandwagon for a minute so they have a wallet it's called vixel it looks like go to GitHub and choose the wallet that is convenient for your windows or Linux seems like everything seems to be over on GitHub with a lot of these websites that's what they choose to use and then there's just some information here it's an algorith it's algorithm is X11 and it is proof of work meaning it's minable coin name is vixel ticker is vix and then from here I don't know what the RPC Port is and those kind of things the block reward is 50 Master node reward 60% a super block reward is 10% Master node collateral is 15 vix and block having is 21 100 blocks coin circulating um and I just ran over that number I do apologize 250 210,000 blocks

I don't know what my brain is doing with these numbers right now I do apologize and then it looks like we've got 23 billion coins in the supply they got a little road map here let's check that out you know as I say a lot of times I do judge these projects by their road map or one of the big core things that I take into consideration not just the road map obviously so we got 2024 quarter 1 phase one push vix on GitHub release vix Explorer vix wallet vix pool list to exchanges and they just hid an exchange so I'm going to assume that we are in phase one all right so then 2024 quarter 2 Phase 2 more pools more exchangers node stabilization web wallet design and they want to attract some new users so there still

a lot of vague stuff here uh 2024 quarter 3 phase 3 um Library optimization preliminary testing qsq don't know what that means update block Explorer attracting partners and then quarter four is just soon you know um when when they do stuff like this where they just put soon um you know it's like do you knock them for not really filling out what they plan on doing quarter 4 do you give them credit for not just writing a bunch of gibberish over here which they easily could like when you're writing an essay or something in school back in the day or maybe still now for you and you just add a bunch of words to it just to make it seem like it's longer you know they could have took that approach and they just put soon were they being

lazy were they actually being you know um more genuine by just telling you like we're going to try to get through these quarters one two and three and then we'll see what's going on for quarter 4 so I I don't know I don't know what the answer is to that does have exchanges oh wow bounces me right over to a g jix that I didn't need it to do so it looks like we've gone through most this stuff here they have their downloads looks like for their wallets if you're comfortable downloading them that's on you but I don't know that I would advise everybody to just you know go download the wallet for all of these different things I am a little interested in their whole Master node GPU thing I'm sure that will require me to download something

and I'm just a little skeptical of it you know when you hold crypto in a lot of lot of different places and stuff last thing I need is my network completely messed up and I'm on one of these things I'm on one of these video uh you know different projects websites almost daily if not multiple daily and if I'm out here downloading every one of them that promises me a game or you know a mining ability or a wallet I think it's a matter of time before I wind up with something that I don't want let's hop over to Twitter so first when I hopped over here I saw it had 33 followers and I was like oof but then I see that they just joined in March 2024 um I don't know how active they've been if I

hit show more yeah those are just followers not going to actually show me content so it does really look like um they have like one post so certainly not a whole lot of points that I'm going to give it for um you know marketing or social media presence or anything but I do got to keep in mind that this coin seems to be brand new and uh the more brand new a coin is the more the gamble that your investment if you make one and I'm not saying you should goes up substantially um but also the higher increase that it just never gets off the ground could rug pull on you it is important to understand that there is a distinction between a rug Pole where somebody maliciously steals the liquidity out of the project usually an early investor

or somebody associated with the team and a team just not implementing something well and a project just failing I mean how many new start up companies all the time you know I'm here in America but everywhere in the world uh go down you know and don't make it and don't spend their money well don't hire well don't get things done don't get contracts that they counted on whatever it is and um end up failing so a crypto project not really any different they can easily fail a project like this needs people to mine it it needs people to keep the network alive it's kind of like I mean it's unheard of but if Bitcoin everybody abandoned it all at one time or just in general over years people abandoned Bitcoin transactions wouldn't go through because there would be nobody

on the network to process transactions so just keep in mind that these things can fail and of course they could do really well too not a financial advisor so my overall gut feeling about this is that I almost don't have one I'd have to give it like a two you know two to three is kind of my 1 through 10 gut um feeling about this project and the simple fact that um it's brand new who knows if it you know miners tend to find these coins and then everybody might hop on this coin or maybe nobody will hop on it there could be something wrong with its tokenomics or something like that so we just don't know all the details of how this coin works and if it's going to get adopted well so you would need to do

your own research d y o r do your own research for sure um yeah I did say we would hop over to their Discord we will try that out I almost need a separate Discord for doing these videos cuz I have way too many discords going on here uh yeah let's go ahead open Discord let's check it out bam do we need to verify doesn't look like we need need to verify here's a little [Music] video I would like to share with you the beginning of something new looks like maybe they're just showing you what happens if you start mining I'm assuming I'd make it full video but it seems like every time I do that it stops recording which is very annoying they're doing some things that I can't quite see what they're doing log in Discord is

that what they're trying to show us all right that didn't seem to really be helpful at all I do apologize for that not being the most useful just going through some of their announcements here guys um looks like they had announced they were getting listed to a g jigs doesn't really look like there's a ton of other information here this is the master node channel it's not like a single post here um do have a lot of international languages over here I don't know what language they have me in I think I'd rather be in espanol because it doesn't look like English is even here so who knows guys this might not be for me very compatible because it doesn't seem like it's a very English forward project um they have a whole bunch of other languages and English

doesn't seem to be one of them let's hop over to Global chat will be the last thing we check out here haven't used wild rig but config looks okay if you can see the hash rate on the pool then all good thank you I'm waiting for some hours sir hi I start mining but no earning last 20 blocks found whole bunch of gibber jabber all right so it seems like there is a couple people active in here asking questions doesn't seem like they are having that much success this person said they're mining but they're not earning so yeah if you're interested in this kind of thing obviously you can go to G jix you can go to markets take you to spot new listings that's where you'll find it over here on the links we have some links that'll

take you to the website that we just went over if you were trying to download or mine this yourself apologize if I went a little longwinded I was trying to keep this video a little bit shorter thanks for watching if you love these uh you know deep Dives like share subscribe hit the Bell notification that you get notified for all of these different videos that I put out and uh you know happy Hunting out there for these low cap Market you know gyms we've had some success I mean I probably should throw in there you know dog and me that we went over is up a lot um Toshi that we went over is up a lot so we have picked some good ones and there's others that are up quite a bit as well I mean this this

one I don't think I did a video on I thought about it but I hadn't is up 157% today but they still have its market cap at zero so it's a little confusing that's why I was trying not to do a video on it but I digressed plus it was like a political coin and I'm trying not to make everybody mad but you know how that goes can't please everybody all right guys have a great day thanks for watching crypto run out