Bitcoins lightning network has a problem people are already using it
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Knightmb bitcoin miner
As cryptomining profitability fades underneath increasing difficulties and the rising cost of mining machines, the world is dazzled by the utterly insane profit margins to be made in TRADING cryptocurrencies.
This typically leads the average Joe to look into and, likely, invest some money into the cryptocurrency market. And, as time progresses especially if profits are being made , one inevitably must make a choice to use a trading bot or not. My goal here is to take one of the newest and seemingly most profitable of the numerous trading bots out there, Profit Trailer, and break down getting the bot installed and running. There are numerous guides to Profit Trailer Installation and all of them are good.
Crypto Gnome has some excellent information at https: There are a few things that, in the course of installing this bot for a family member who has gotten on the crypto wagon in a big way, I noticed were lacking in the main set of guides. This being that not one of them had been designed with the true noob in mind. Each assumed a level of knowledge and discourse that can and would leave a newbie cursing the fact they just spent.
Any suggestions on how to make this guide more complete, such as adding specific exchange instructions would be most appreciated. I have read horror stories regarding buying this bot and installing it without having your account open and logged into. Just in case there is truth to them, better to be safe than sorry. Open your account of choice we used Binance so that is the exchange that this guide refers to. One will be public, one will be secret in each set.
You will notice that, at least on Binance, that each set of keys will have 2 permissions checked and one, withdrawals, unchecked. This is as it should be. If for some reason the withdrawals permission is checked, delete the key and start over. I would suggest that, for ease of use sake, you label each of the sets of keys. The first should be labeled yourexchange Default and the second should be labeled yourexchange Trading.
This will help you recognize which keys are which later in the setup process. Anyone with these keys has access to your exchange account. The first key will be initially used when you buy the Profit Trailer bot. The others will be used when you set up Profit Trailer. Ensure that you have JAVA 8 installed and running on your computer. It is extremely important that it be JAVA 8 and not 9. This problem was likely the biggest hurdle with Profit Trailer until I realized what was happening.
Some guides make it sound like you can do the settings changes on a regular NotePad file. This can be accomplished at https: Pay for the bot. Wait for BitCoin to go from wallet to Profit Trailer creators. I was unable to get a VPS enabled at the time of this installation, so I will be posting another article regarding that process as soon as I can get it up and running on this installation. You can visit Profit Trailer And You: Get Profit trailer Up and Running!!!! First, go to https: Next, unzip the files and navigate to the new folder.
Open the file named application. I mean… really stare at it. What you really need to know is what you are looking at. Each of these lines will have an equals sign on the end of them. Remember those API keys you made? You with me so far? Most of the other guides say to start the bot up at this point and I would tend to agree, except you may want to look at the default settings in the pairs and DCA files to ensure that they are set the way you want them.
DCA settings are a huge factor in Profit Trailer and I would suggest watching several videos regarding them. I do not claim to be a crypto expert and do not pretend to understand all the terms. The Profit Trailer Wiki at https: Ok, with that being said, if you feel like your settings are just the way you want them, open up the pairs.
This will actually start the bot and will open an old style black Windows command line window. Ignore this as it is just the bot starting up, not where you will see what the bot is doing and open your web browser and enter http: This will bring up a login page.
Use the Password you created in the application. This opens the web monitoring dashboard for your bot. Again, I cannot stress enough the importance of following each step and understanding what each of the settings in Profit Trailer are and what they do. There are several important safety valves in Profit Trailer to keep the bot from chewing through your crypto like cookie monster on a 3 day bender. This sets the amount of coin, in BitCoin, that the bot will use for trading.
Just because you have have 1. Any info on other exchange procedures with reagrds to setting up Profit Trailer would be greatly appreciated. I am not affiliated with or paid by any exchange, developer or site. I can vouch for this product. I bought this bot after I saw some of gnomes videos.
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