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maxsellcurrencymachines · 3 years

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CASH COUNTING MACHINE

It takes a lot of time to sort and count money and time is a valuable commodity. As a result, making the cash counting process as reliable, fast, and as painless as possible is a no-brainer. Cash counting machines are used by banks, government departments, religious institutions, enterprises such as supermarkets, grocery stores, retail shops and many more. However, some people are wary of these computers because they seem to be so simple — as though they are cheating — when, in reality, they can prevent cheating by having instantaneous precision and identifying counterfeit money. So, how do cash counters function? The majority of machines are easy to use, compact, and need little to no instruction. However, a little extra experience will help you save time and money in the long run. Manual currency counting is time-consuming and error-prone. As a result, a little automation is needed in the form of a currency counting system. Based on your desired size, these devices are available in a variety of sizes. Some are portable, while others, including those used in banks, are designed to accommodate large sums of capital.

However, if you're considering purchasing a banknote counter, you may be unsure where to begin. These five characteristics should be at the top of the priority list.

You'll be able to find the device that better fits the company's needs if you consider them.

1. Think about Counting Speed.

It can appear self-evident to think of the machine's counting speed. After all, one of the reasons you're buying a banknote counter is to speed up the counting process and cut down on the time you spend juggling currency.

2. Consider the size and type of hopper.

As previously said, the scale of the hopper influences the pace of banknote counters. The unit is more effective when the hopper is properly sized. The smoother the counting process is, the fewer you have to wait to load more bills. If the hopper is so tiny that you have to sit there and feed bills through constantly, speed isn't an advantage.

3. Look at Batch or Adding Features options.

A batching feature is available on some money counting machines, which is useful if you need to manually strap cash for deposit. The computer will count up to a certain amount and then stop, allowing you to delete the batch before proceeding.

4. Counterfeit and Error Detection Are Important Features

If the machine counts incorrectly, using a banknote counter is useless. Miscounts attributable to folded or broken money, several notes fed at the same time, or bills of the wrong size may be reduced with a cash-counting system with built-in error detection.

ONE OF THE BEST DEVICE IN THE MARKET IS MX50I

The Maxsell MX50i is the most famous cash counting machine in India. Its high-precision sensors and sophisticated MG Spectrum Analyzing technology aids in the detection of counterfeit money when counting, ensuring that the MX50i does not skip any fakes.

BENEFITS OF CASH COUNTING MACHINE

Science and technology has made our lives easier, and daily technical advancements have increased production, quality, and accuracy. A cash counting machine is one such innovation that is now used in many departmental stores, financial institutions, hotels and the list is endless.

1. Saves time

The money counting machine can count notes even better than a person can, and it can hold a large amount of cash at once. The computer counts an entire package in a couple of seconds and provides correct data, saving us time in the recounting process. When manually counting notes, there is still the possibility of making a mistake, so the package can be rechecked.

2. Easy to Use

The currency counting unit is very simple to use. This computer has an automatic system that controls when they start and end. When the notes are properly positioned, the system begins counting and ends when the count is complete.

3. Counterfeit Notes Detection

The majority of currency counting machines have a feature that detects counterfeit money. If the computer finds a ripped, false, or unusable note, it will notify the user with a beep sound. This functionality is just one of the many reasons why people are increasingly turning to currency counting machines.

4. Perfection

These money counting machines are not only time savers, but they are also highly reliable, with a near-to zero risk of making an error. These machines are very silent as the notes are being counted.

5. Insightful

The current generation of currency counting machines are not only fashionable, but also intellectual. Instead of counting the notes, several computers now identify various denominations and provide the total number. This technique allows you to save time.

FAKE NOTES IN THE MARKET

Unfortunately, counterfeit Indian currency has been a major problem in recent years. Counterfeiters are getting so smart, and the current notes are so well made, that it's impossible to tell them apart.

THE ISSUE OF FAKE INDIAN MONEY

The official name for counterfeit notes in the Indian economy is Fake Indian Currency Note (FICN). The number of counterfeit notes in circulation is estimated to be in the millions. The worth, according to a report conducted by the National Investigation Agency in collaboration with the Indian Statistical Institute (ISI), is 400 crore rupees (4 billion rupees/$53.3 million).

HOW TO RECOGNIZE FAKE INDIAN MONEY

There are a lot of indicators that money is counterfeit. There are some of them:

· Watermarks that seem to be dense. Counterfeiting gangs also use tar, grease, or wax to make the image appear transparent.

· Instead of being inserted into the currency at the time of manufacturing, imitation protection threads are drawn or written on.

· Figures that aren't in the right place. Smaller or larger numbers, insufficient spaces, and multiple number alignments can all be viewed with caution.

· Split printed lines, as well as ink smudges.

· The "Reserve Bank of India" is written in thicker font than normal.

If you are having a small business, then here is the best machine for detecting fake notes

AUTOMATIC RUPEE DETECTOR BY MAXSELL TRUSCAN NEO

The Award-Winning Fake Currency Detector from Maxsell is the Truscan Neo. Neo has everything: design, style, compactness, and functionality. When it comes to identifying fake Indian rupee notes, the task is extremely difficult.

RBI GUIDELINES TO IDENTIFY FAKE NOTES

You may have a few fake currency notes on you in these days of depositing currency notes with banks. Given the potential for confusion if a bogus note is found in the batch you're depositing, you and the bank staff could choose to kill the note rather than keep track of it. However, should not be shocked by the bank's procedure if fraudulent notes are discovered.

1. Banks must use note counting and counterfeiting devices to spot false notes.

2. Counter workers would seize the note and forge it by issuing a number receipt, since it would be unethical to lose or return it.

3. Since no reward can be issued for the impounded note, please countersign the receipt and retain a copy to ensure that the bogus note remains part of the official investigative machinery.

4. If the counter staff destroys the note, file a written complaint with the bank office, as well as a copy with the RBI's Consumer Education and Protection Cell.

5. If 5 or more fake notes are used in a single transaction, a FIR will be filed; if the amount of fake notes per transaction is less than 5, no FIR will be filed immediately, but a monthly cumulative report will be submitted to the police authority.

Become acquainted with Indian currency.

The best way to detect fake Indian currency is to become acquainted with the appearance of genuine Indian currency. For this reason, the Reserve Bank of India has a website called Paisa Bolta Hai (Money Speaks). It includes big images of all new Indian banknotes, as well as extensive explanations of their security features.

#cash #indiancurrency #cashcounting #fakenotes

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palmettocapital · 4 years

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A Man For All Markets (2017)

Recommended by: @Dutch_Book (who gave me one of his personal copies) and @JerryCap

Super interesting childhood -- didn’t speak a word until he was two and then began speaking in full sentences; reading at a 10-yr-old level when he was 5. Details a lot of “science play” including a number of fairly advanced amateur chemistry and physics experiments he conducted as a kid

Compares ham radio to the first Internet, allowing amateurs with simple setup to communicate with people all over the world. Had to pass a licensing exam on Morse code to operate one. Used a self-devised system to teach himself Morse that was 4x faster than the method used to teach army trainees

Method for permanent retention was to fall asleep reviewing material he’d taught himself

Martingale system -- betting scheme that requires “doubling up” after each loss in a game like roulette, consistently betting (eg, always red), will eventually recoup your loss but subject to needing a very large bankroll and bets may get so big the casino disallows them

Initially attracted to beating roulette because he believed an equation properly factoring in friction and gravity could predict how the ball would fall, though conventional wisdom was that any noise would be enough to ruin the prediction. Later proved this to be the case.

Basic blackjack/21 dates to at least 1601 (mentioned by Cervantes), referred to by 18th Century French as vingt-et-un. Conventional wisdom was that it was mathematically proven no system of varied bets could beat the house’s edge, but Thorp decided to test it when he learned of a system that lowered house edge to 0.62% (best of the casino games on offer).

His core insight on blackjack was that previous calculations had assumed the odds of any card being played stayed constant throughout the game, whereas Thorp realized the real odds varied wildly and depended on which cards were left in the deck --> means there are periods where player has an edge vs. house. So player just has to keep track of the shifting odds and vary his bets accordingly. This is the beginning of card counting. Simply, player’s edge for a deck in progress depends mainly on fraction/percents of each type of card present.

Modern computing (IBM 704) and Thorp’s access to it as an junior professor at MIT made his advances possible. Basically used a brute-force approach that wouldn’t have been possible by hand to test the impact of removing various card values from the deck on the player’s edge. Taking out small cards (2s-6s, and particularly 5s) helped player, removing 10s and Aces hurt player.

Devised his “ultimate strategy” which assigned a point value to every card, but was too hard to keep track of mentally. Decent compromise for usability was assigning 2s-6s a value of +1, 7s-9s a neutral 0 and 10/J/Q/K/A a -1. As small cards (+1s) are seen, implies a higher proportion of large cards remaining, so count rises and deck becomes more favorable.

5s are the most impactful card, but he decided to use a measure of “ten-richness” for casino play because there are 4x as many 10-value cards in a deck. Deck starts with 36 non-Tens and 16 Tens or a ratio of 2.25. Below 2.25 is “ten-rich”, at 2.0 the player has an edge of 1% and it rises as the ratio drops.

Decided to publish his results quickly because he believe in science it’s common for the time to be right for a discovery, with multiple researchers discovering something at the same time (eg, Newton & Leibniz with calculus; Darwin & Wallace with evolution). This was clearly the case with blackjack owing to improving computing power.

Initial approach was to bet 2x his minimum when edge was 1%, 4x when it was 2%, up to 10x when his edge was 5%.

Spent a lot of time practicing his play as well as working his way up in terms of what he was emotionally comfortable betting in order to be able to play his system calmly/accurately.

Why 16 is such a bad hand in blackjack - draw and you bust with high probability, stand and dealer likely to beat you with 17+.

Odds swing around a lot more near the end of a single deck, so some players use “end play”. Casinos began to combat this with early reshuffling to keep returning deck to its initial state. Early reshuffling slows play and frustrates casual players, which hurt profitability -- eventually card-shuffling machines made this must faster, but casinos paid a per-shuffle fee to those vendors, so it was still a hit to profitability.

Discusses how there are some systems that rely on tracking cards following a shuffle, since one shuffle does not fully randomize a deck (apparently it’s been proven it takes 7 thorough shuffles to effectively randomize a deck). He built mathematical models and empirical studies to study shuffling.

“Third base” (left-most seat) best one for the card counter because he’s last to act and has seen more cards because play begins to dealer’s left.

Tested his mental/emotional state before playing by “counting a deck” -- if he could do this in 20-25 seconds, he was ready to play at speed.

Never play at a table for a 2-card blackjack has been changed from original 3:2 to something lower.

Their roulette strategy applied Kelly criterion thinking, ie that it’s worth forgoing some expected gain for a large reduction in risk. For example, their betting system on roulette yielded average profit at 44% of bet for one pocket, but a 43% advantage if they reduced risk by spreading the bet across 5 numbers (expected number + 2 on each side). Called “voisinage” betting in French.

Along with Claude Shannon (MIT prof & “father” of information theory), created the first ever wearable computer for beating roulette -- believes this is perhaps the first instance of a computer that could outplay any human at a game (later occurred in checkers, chess, Go, Jeopardy)

Key to beating baccarat was that while it was impossible to win on Banker/Player bets (due to card-counting being less effected with 8 decks in a shoe at once), side bets (around natural 8/9) had exploitable characteristics. These were later eliminated.

Baccarat is a high-rolled game and was massively profitable for casinos -- accounted for 50% as much profit as blackjack with 2% as many tables, ie 25x on a per-table basis.

His partner sourced investors for their first fund by going to the courthouse, pulling other funds’ filings, and cold-calling their LPs.

His approach to arbing warrants was to use computers to draw a fair value curve for the security and then buy or short the common/warrant based on which was rich/cheap to the curve, using the slope of the curve at that point as the hedge ratio.

Converted Bachlier’s options pricing theory into a usable trading strategy by subbing in the risk free rate (UST bill with expiry closest to warrant expiry) for growth rate & discount rate. This was in 1967 vs. Black & Scholes publishing their formula in 1972.

Due to inability to assess cultural fit in interviews, his approach was to hire everyone for his fund on a provisional basis for 6 months

CBOT introduction of CBOE in 1973 was a game-changer for increased liquidity and lower costs to trading options (put options came in 1974)

His fund’s risk management approach rejected conventional notions like VaR in favor of more comprehensive/intuitive questions around what major risks could befall market or counterparties.

“Junk bonds” -- Milken/Drexel approach was a game-changer because it provided steady capital to less established companies that had not had financing needs met. This new spigot of capital increased competition for more established companies and led to hostile takeovers and restructurings, and apparently a structural rise in valuations -- he argues that blue chip companies with low returns on capital were vulnerable to Drexel-finance takeovers that often made them more valuable through more aggressive investment.

Interesting discussion of the arbitrage opportunity his son discovered in 1990 to participate in de-mutualization of small S&Ls across the US by becoming a depositor and subscribing pro-rata to rights offerings as they raised equity. Notes that management incentives made it clear this would happen over time as directors had priority subscription rights before depositors and could therefore capture outsize value.

He declined to be an LP at LTCM because he had heard John Meriwether had a history of taking outsize risk at Salomon, and he though Merton & Scholes lacked street smarts/investing experience.

His modeling suggests 2% rule is preferable to “4% rule” typically used in retirement calculations.

Key to using leverage responsibly is factoring in the worst imaginable outcome and whether you can tolerate it. If not, reduce borrowing.

Optimal bet under Kelly = edge/odds. Causes you to bet larger in situations with minimal downside or big edge. Because Kelly method leads to large swings, most users go <optimal, like half-Kelly or less. Requires long time horizons.

Since 1520, 85 institutions have remained continuously in existence -- 70 of these are universities.

Believes it’s easy to spot bubbles once well under way. Hard to profit, but key to avoid it.

Believes in scaling down TBTF institutions as a general rule.

Studies pre- and post-GFC show earnings and stock performance for a given company correlate negatively to the % of corporate profit paid to top-5 executive.

Believes there is a need for more probability/statistics education at the K-12 level -- aligns with Annie Duke there.

Economists have found one factor explains a nation’s future economic growth & prosperity above any other -- output of scientists & engineers.

Takeaways

Thorp is clearly a remarkable person -- a genius autodidact and a classic example of what Taleb would call a “skeptical empiricist”, somewhat obsessive about testing conventional wisdom using his own calculations, models and experiments, often identifying significant profit opportunities. It’s also a story about how the ability to stay abreast of technological breakthroughs (modern computing, new programming languages, new financial instruments, etc) over a long career can be extremely profitable, especially if you consistently get to them before others.

There are lots of remarkable autobiographical features I skipped over in my notes that make the book particularly worth reading. Thorp is an amazing idea of “American dream” type mobility -- born to a working class family during the Great Depression, attending public schools, winning scholarships and eventually working his way up to great wealth. The book makes him sound like the financial world’s Forrest Gump, as it covers almost every major issue of the last 50 years and Thorp/s involvement -- for example, he invents the card-counting method; “beats” blackjack, roulette and baccarat; meets Buffett as he’s winding down the Buffett Partnership; discovers Black-Scholes before Black/Scholes/Merton; participates in the early days of convertible arbitrage and evolves it into statistical arb; determines Madoff is running a fraud in 1991; pioneers quant and factor investing and the market-neutral approach to hedge funds, helps Ken Griffin & Frank Meyer get Citadel off the ground and signs on as their first LP; etc.

In many ways, the book is written for an investor with little technical knowledge and does a good job explaining much of what he worked on. The later ~1/3 of the book focuses on a number of his business ventures, opinions on politics/wealth/charity, and high-profile anecdotes that are interesting without being particularly technical.

#gambling #risk #investing #investor profile

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eromart · 5 years

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Bill Counter Machines with Fake Note Detections in Tirchy, TamilNadu

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eromart · 5 years

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eromart · 5 years

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ash counting machines in Kannivadi . Buy Cash Counting Machines Online Best Prices with 100% Fake Note Detector in Kannivadi Eromart 9444307037 | cash counting machines in Kannivadi . Buy Cash Counting Machines Online Best Prices with 100% Fake Note Detector in Kannivadi , Kannivadi Cash Counting Machines – EROMART 9444307037.

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eromart · 5 years

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eromart · 5 years

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eromart · 5 years

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eromart · 5 years

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eromart · 5 years

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Cash Counting Machines Repair and Services in Salem

EROMART Cash Counting Machines Repairer Services are Highly Demanded for Bankers, Cashiers, Finance Departments, Cash Collection Services, Financiers, Bill Counters, Government Offices, Private Sectors, Industries, Companies, Banks, Retail Outlet, Super Markets, Finance Companies, Collection Centers, Schools, Colleges, Educational Institutions, Multiplex Theatres, Government Offices, Private…

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eromart · 5 years

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eromart · 5 years

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eromart · 5 years

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