Bitcoin Bank: Erfahrungen, Test und was aus 300€ wurde

Long live the Hobo Nickel!

Extremely fast and efficient crypto-currency. With a Proof of Work block time of 30 seconds coupled with fast Proof of Stake, it is pushing as the fastest coin out there. Enough to please any Hobo!
[link]

FoxCoins: The OFFICIAL FoxCoin subreddit for all things FoxCoin!

Talk about FoxCoins, participate in giveaways/contests, tec.
[link]

Profit Hunters Coin

Profit Hunters Coin (PHC) is a free open source decentralized project derived from Bitcoin, with the goal of providing a long-term energy-efficient scrypt-based crypto-currency. Built on the foundations of Bitcoin, Litecoin, PeerCoin, NovaCoin, CraveProject, Dash Masternodes, XUVcoin, BATA, and Crypostle to help further advance the field of crypto-currency.
[link]

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

NENG v1.4.0 Released for Mobile Mining on android phones

NewEnglandcoin (NENG) is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
NewEnglandcoin (NENG) is the first and only real mobile mining coin today that allows CPU mining on almost all android phones.
It is easy to set up and mine NENG in android phones for up to 2 million NENG per day when you idle the phone at night and stop/pause mining when you use the phone for daily drive.
To download android wallet files and read details of how it works, please check out our v1.4.0 release report at reddit:
https://www.reddit.com/NewEnglandCoin/
or bitcointalk ann page
submitted by honglu69 to ETNmining [link] [comments]

IQ.cash smart trading and mining

IQ.cash smart trading and mining
https://preview.redd.it/z0xjotzxta451.png?width=724&format=png&auto=webp&s=a0c223a017dd58aa54d506e51d041f5820db4a3b
Everyone from time to time has an interest in entering into a variety of investments with the aim of earning income from their home or comfort as long as they do not have to go through an inefficient employment system. This is the result of technological developments around, and to achieve this, many fall victim to con artists who promise a platform to get a comfortable income. Today I will introduce the ICO IQ cash project, one of the PLATFORM THAT ALLOWS YOU TO GET IN YOUR COMFORT.

What is IQ cash

IQ Cash is a cryptocurrency that may be used to run and increase further exposure to what has been offered. Making it is to remove from where to stop because it has been made and decided to go further because it was not possible. IQ can be used to get a place that has to be part of this trend, even if we are looking for an open place where investors can do the same with other investors. The aim is to give everyone not agreement about most and at least ROI in 300% or more of you in passive form. The IQCash company is truly unique because it will allow users to get the maximum return on investment. IQ cash is a company that will be able to combine the best and most perfect opportunities to lead exchanges in the cryptocurrency market. With IQ network Masternode you can avoid a variety of situations, problems, and unusual problems, and such a process will eliminate any deficiencies. The IQCash platform is also suitable for traders who already have experience in their activities, and of course for novice traders who have just entered the door of buying and selling crypto. No one will experience problems, everyone will only admire sales using IQCash. Learn more — http://iq.cash.

Why I chose to take a position on IQ. Cash?

Because there are many kinds of benefits for investors. except for profits up to 300%, I will be able to introduce all profits to investors. 1. Security Cryptocurrency now has a variant of active users in the world and also the number is growing rapidly! User accounts cannot be blocked, and funds cannot be accessed by anyone but the owner. 2.MASTERNODE Iq. Cash uses the consensus of the PoW algorithm with the support of the Masternode system. This makes the project economically attractive to mine 43% and provides 57% of passive income for Masternode holders. Masternode provides network integrity, transaction anonymity, and transaction speed. ways to get Masternode: You must take the position of 3000 IQ. 3. ANONIMITY The anonymity of transactions in the system is provided by the PrivateSend algorithm. Users can trust the system completely. they don’t need to worry about third-party access to data because the system encrypts data securely when transferring and receiving assets. 4. ASIC RESISTANCE Technology that solves problems accelerates the expansion of network complexity significantly when using ASIC (compared to CPU usage). IQ Cash Network uses the NeoScrypt algorithm to solve this problem. 5. TRANSACTION speed High-speed transactions are guaranteed by InstantSend data exchange across networks. The transaction time is about 5 seconds. 6. IQ Network decentralized. Cash implies weaknesses to create sites that combine the dominant influence on other network members. Effects on coins that are excluded due to their release are prohibited, and extra emission is not provided.

How to get an annual profit of 300%.


https://preview.redd.it/updhrmtzta451.png?width=793&format=png&auto=webp&s=eccc7d14b5d2e479f5d1ed2de84d14bfc72b0742
  1. Buy 3,000 IQ or better 3001 because 1 is spent on commission transactions.
  2. Download the Files application (Android or iOS) for mobile devices Open IQ. Cash Coin Purses in the application.
  3. Enter 3,001 IQ in the wallet and create a MasterNode server and deposit. Pay for hosting service providers on Flits.
  4. You will be charged EUR 1.99 per month, get profit and spend on your needs or create the next MasterNode to extend profits in line with the number of MasterNode!

How do I buy cash IQ

Go to the acquisition page and you will see an open window where you will pay the amount of coins you want to shop for. You don’t need to worry about the next steps because we will arrange the rest by buying IQ coins. Cash and FLS (to close Flits services) from the exchange.
  1. Fill in «IQ wallet address» and «FLS wallet address» in the Flits application.
  2. get a package. One package includes 3000 IQ. Cash and Bitcoin services for Flits for five months. When the cash transfer is complete, open the IQ-MasterNode window and make it comparable to the coins purchased (3000 IQ for 1 MasterNode).
  3. activate MasterNode and get profit. You will follow the current exchange rate on the Flits application or with any crypto trading coins.

Wallets and Exchanges:

The IQ cryptocurrency wallet is available on all three Windows, Mac and Linux platforms.

Token Information:

• Algorithm: PoW, NeoScrypt (ASIC resistance) • Block time: 120 seconds • Prizes per block: 25 IQ • Block Block Reward Distribution: 57% to Masternodes and 43% to Miners, both taken from the formula (Reward-6%), where 6% is reserved for the DAO system • Block rewards can be sliced 12% every year • Max coins: 56 900,000 IQ • Premine: 7 900 000 IQ • Mining within 25 years

Conclusion

IQ.cash has studied the crypto market well enough to draw the model. This uses the mining system and MasterNode. The mining protocol will attract contributors exponentially while MasterNode will help ensure network speed, governance, and sustainability. Because MasterNode is also a cryptocurrency node, becoming a MasterNode on the IQ.cash system requires an investment commitment. This is a way to make a profit in this system. Investment is rewarded with a commission for each trade made by the system. This will help ensure that enough users try to become a MasterNode and thus make a profit without having to leave the comfort of their home.

FOR MORE INFORMATION ABOUT IQ.CASH:

Website: https://iq.cash/ Whitepaper: https://iq.cash/iqcash_whitepaper.pdf Telegram: https://t.me/IQ_cash Twitter: https://twitter.com/IQ_Crypto Bitcointalk: https://bitcointalk.org/index.php?topic=4360591 YouTube: https://www.youtube.com/finexpo Github: https://github.com/IQ-Cash/iqcash/releases Disputes: https://discord.gg/qekuX6r Ann Thread: https://bitcointalk.org/index.php?topic=5240221.0 Explorer: https://explorer.iq.cash Mining Pool: https://pool.iq.cash Bithumb Contest: https://support.bithumb.pro/hc/ru/articles/360046055014--Event-100-000-IQ-Grand-Prize-Pool
Username : faxmon Link : https://bitcointalk.org/index.php?action=profile;u=173709
I.Q cash wallet : QU5m19f7AVY99cMVzU2CYLoAV15FRMxuLY
submitted by kriptaannarhist to u/kriptaannarhist [link] [comments]

IQ.Cash Cryptocurrency - Way To Generate is good service

IQ.Cash Cryptocurrency - Way To Generate is good service

https://preview.redd.it/09qg35tzgdx41.jpg?width=512&format=pjpg&auto=webp&s=b45ef29b97cea3d317e54c14ee61ea5968ad4830
The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem . cash and so on. All of these unique features can help make the IQ.cash platform popular around the world. You may come to this article to find out about the massive passive income, but worth noting that you should know what it is about. Think about it, investing money to something vague is very risky. Thus, what is IQ cash? To make it brief, this is another cryptocurrency that has quite clear and potential income. Just like bitcoin, this IQcash has a potential fluctuation which increases and give great passive income through the magnificent distribution splits. It is also easy to say that IQ cash is an investment master nodes Cryptocurrency which is open for everyone. In this matter, whether it is for investors, traders, or even miners. Yes, those who are familiar with the world of cryptocurrency are the target of this project. The main task is to provide instant anonymous online payment along with the investing system. The IQ cash platform ecosystem work as DAO (decentralized Autonomous Organization.

https://preview.redd.it/wgl5icd1hdx41.jpg?width=640&format=pjpg&auto=webp&s=0f0e8a7b032633c2e526f8f01bb1efc2cb659323
One thing that makes this digital money gain quite a lot of participants in the available wallets. Not a real physical wallet, but one to store all your cryptocurrency. In this case, the wallet is available for Windows, Linux, and Mac. You can choose one that fits with the equipment you have. Along with that, you can install the masternode on your home pc or Linux VPS. Your masternode will just do the earning rewards, without all the other extra features. If you want to install, you can use PC running windows Mac or even Linux. However, on VPS you have to use Linux with Ubuntu 16.04 version. Other than that, there are some requirements you have to fulfill. The first one is having a 3000 IQ or more on balance. Even 3001 coin is acceptable. Then, use only one PC for dedicated IP-address and also a 24/7 network connectivity (network loos less than 30 – 60 mins) without any interrupted operating system. Security - it is the most considered aspect of investment, as we know that investing in cyberspace is very risky. Therefore, IQ.Cash presents the security of investor accounts, where all accounts cannot be blocked and, most importantly, account funds can only be accessed by the account holder. Masternodes - how do we know IQ. Cash uses the PoW consensus algorithm that supports the Masternode system. this certainly adds to the intrinsic value of this project, which economically can add a value of approximately 43% and indirectly increases passive income by around 57% for all participants in the masternode. Masternode provides network integrity. Transaction anonymity and transaction speed. Of course, to run a masternode system, everyone can only invest 3000 IQ and then immediately enjoy the results obtained with this IQ.Cash masternode feature. Anonymity of the transaction - this is more about the privacy of the transaction itself. where users can completely trust the system. and you don’t have to worry about data access by irresponsible parties. because the system automatically encrypts data when transferring and receiving assets

https://preview.redd.it/7k0i4s47hdx41.png?width=640&format=png&auto=webp&s=cc9b5ced02917e1549e9b963805785df93b332d2
The IQ.cash platform operates on the basis of the POW consensus with support for a system such as MASTERNODE. And this is very cool, since this system makes the project more interesting and attractive for crypto enthusiasts. Indeed, thanks to the MASTERNODE system, miners receive 43% from mining, and people who own MASTERNODE receive a passive income of 57%. MASTERNODE supports the network, i.e. data privacy, transaction anonymity and speed, and much more. To become the owner of MASTERNODE you need to have more than 3000 IQ on your balance sheet. Anonymity. Transaction anonymity is provided by the PrivateSend algorithm. Users can feel safe and not worry about their assets. Since this system perfectly encrypts data. Therefore, you can safely send and receive any crypto assets. ASIC RESISTANCE. This technology is struggling with such a serious problem as a significant acceleration in the growth of network complexity. IQ network . cash works on the basis of the NeoScrypt algorithm, which is struggling with this problem. High transaction speed. Such an instant transaction speed, because the InstantSend algorithm works. Just think about it, the transaction speed is only about five seconds. Absolute decentralization. Affect both participants and crypto assets of the IQ network . cash no one can. Because everything will be safe, reliable and transparent.
Only requires a transaction speed of only about 5 seconds / transaction. And all transactions are done instantly, so this will provide a very efficient way of working for the users later. more and more projects have started to appear, whose actions are directed to one of the niches of our daily activities. This is excellent, we have been waiting for this for many years, but at the moment, strange as it may seem, projects aimed exclusively at the crypto industry have become a minor order of magnitude. It was simply impossible to take it. And now a project has appeared on the horizon that positions its activities exclusively as a useful product for mining companies, investors and even traders. As it turned out, the team has a work product, whose currency is traded on many major exchanges. That's good luck, I smiled and started to study the IQ.cash project and its capabilities. Go back to the main interface and choose a personal tab (bottom right corner). Then, move to the next phase by choosing the Fee & Payment tab. You will see fee balance, FLS, BTC fee deposit address, and other information. In here, copy the IQ.cash wallet address in the FLS address tab. To move on to the next stages, you should have bought the required number of IQ cash (3000 IQ cash) beforehand. You can buy the IQ cash masternode from the official sites.
Official Resources Website: https://iq.cash/ Discord: https://discord.gg/qekuX6r Github: https://github.com/IQ-Cash/iqcash/releases Youtube: https://www.youtube.com/finexpo ANN thread: https://bitcointalk.org/index.php?topic=4360591 Twitter: https://twitter.com/IQ\_Crypto Telegram: https://t.me/IQ\_cash Wallets: https://iq.cash/ Explorer: https://explorer.iq.cash/
AUTHOR: Lost Stories Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2733279
submitted by TasnuvaTahani to CryptocurrencyICO [link] [comments]

Verge (XVG) Mining Exploit Attack Megathread

To reduce the multitude of posts on this topic, this megathread will take their place and include existing information and any further updates.

Summary

On April 4th, suprnova mining pool operator ocminer posted this thread notifying the crypto community and verge team that the attack had happened and how it worked.
There's currently a >51% attack going on on XVG which exploits a bug in retargeting in the XVG code.
Usually to successfully mine XVG blocks, every "next" block must be of a different algo.. so for example scrypt,then x17, then lyra etc.
Due to several bugs in the XVG code, you can exploit this feature by mining blocks with a spoofed timestamp. When you submit a mined block (as a malicious miner or pool) you simply set a false timestamp to this block one hour ago and XVG will then "think" the last block mined on that algo was one hour ago.. Your next block, the subsequent block will then have the correct time.. And since it's already an hour ago (at least that is what the network thinks) it will allow this block to be added to the main chain as well.
This attack given the malicious miner almost 99% of the effective hashrate, giving them the ability to perform a 51% attack and rapidly collect block rewards from thousands of blocks. In response, some exchanges have disabled deposits and some pools have disabled Verge support as they cannot currently compete.
The Verge development team has said they will not rollback the chain, and has pushed an attempted fix that has been controversial about whether it will work and what unintended consequences it may have. (source)
Update: Verge's latest twitter post on the matter

Prior popular /cryptocurrency posts

Other resources

submitted by CryptoMaximalist to CryptoCurrency [link] [comments]

What is cryptocurrency halving

What is cryptocurrency halving

https://preview.redd.it/nzm9ms8g67741.png?width=900&format=png&auto=webp&s=14073c6b2d08e09f4d57dc35a7d5ff3ae54a771a
Cryptocurrency halving is a process in which the reward value for each mined transaction block is halved. The halving ensures that the crypto asset will follow a stable emission rate until its maximum supply is reached.
Halving plays an important role in cryptocurrencies based on the Proof-of-Work (PoW) consensus algorithm. It is a fundamental factor that inevitably has an effect on the price of the cryptocurrency. In addition, halving significantly affects the interests of miners, since their profit depends on it.
In this article we would like to consider the most famous coins which are waiting for halving in the near future.

Zcash

Zcash (ZEC) is in the top 50 of the biggest cryptocurrencies in the world now. The first block was mined at the end of 2016, so the first halving will take place at the end of 2020. You can follow Zcash halving countdown here.
Currently every miner gets 12.5 ZEC per block. But each 4-year period (or 840,000 mined blocks) the volume of ZEC production is halved (from 12.5 to 6.25 to 3.125 to 1.5625, etc.).
Early investors put $3 million to fund the Zcash creation. In return for that money they agreed that the investors would receive a small fraction of the Electric Coin Company’s equity along with a slice of the Founder’s Rewards coins. At the moment the activities of ECC are sponsored by a network commission. 20% of the commission goes to the development of the project but in a year the developers will stop receiving their share from the extraction of digital coins. It will be possible to measure the impact of this factor on the Zcash price next year.

Litecoin

Litecoin (LTC) was created in 2011 by former Google employee Charlie Lee. Despite the fact that the coin isn’t new, this asset is still quite popular and has the 6th largest capitalization now.
https://preview.redd.it/1g5gpztl67741.jpg?width=1200&format=pjpg&auto=webp&s=210b8d4c1f886dd0cd327f0471ac9179ef0f1048
LTC was based on the Bitcoin software code. However, there are several significant differences between these two cryptocurrencies. For example, unlike Bitcoin, Litecoin is based on the Scrypt hash algorithm, not SHA-256. The main difference between the Scrypt hash algorithm and SHA-256: the more powerful software is needed for the Scrypt hash algorithm. That’s why LTC mining is more profitable.
In addition, LTC block production time is 2.5 minutes, which is 4 times faster than BTC. Therefore, transactions on the Litecoin network are much faster than Bitcoin. There is the Litecoin Halving History:
  • Litecoin Halving on August 8th, 2015. The amount of the reward for mining was reduced from 50 to 25 LTC. The first halving happened after 840,000 blocks. By then 50% of LTC (42 million LTC) was mined.
  • Litecoin Halving on August 5th, 2019. The amount of the reward for mining was reduced from 25 to 12.5 LTC. The second halving happened after 1,680,000 blocks. By that time 75% of LTC (63 million LTC) was mined. Due to the growth in trading volumes, the coin pumped more than 10% breaking the line of $ 100.
  • The next Litecoin halving is expected to be on August 3rd, 2023. By that moment 252,000,000 blocks will have been unraveled and 73.5 million LTC will have been mined. If you want to follow Litecoin halving countdown, tap here.

Bitcoin

Bitcoin’s total supply is limited to 21,000,000 BTC. In this regard, Bitcoin is a deflationary asset.
When Bitcoin was created, the reward for the block was 50 BTC, which means the miner could receive 50 BTC coins every 10 minutes. This was at a time when miners used ordinary laptops and Bitcoin cost a few cents.
https://preview.redd.it/0nmeyssp67741.jpg?width=640&format=pjpg&auto=webp&s=eea8492b90887aa7db445e9f5db2c7978437dcc1
Since the creation of the genesis block the Bitcoin halving has happened twice:
  • November 28th, 2012 – the reward decreased from 50 BTC to 25 BTC. Three months before halving, the price of Bitcoin increased by 18%, and 90 days after this event – by 141%.
  • July 9th, 2016 – the reward decreased from 25 BTC to 12.5 BTC. Within 90 days before the second halving the Bitcoin’s price increased by 54%. However, mining income has not recovered to its previous values. This could be due to the high competition between the miners, which led to a significant increase in the complexity of Bitcoin mining.
  • The third Bitcoin halving will happen in 2020. Then the reward for the found block will be reduced from 12.5 to 6.25 BTC. Halving will be repeated every 4 years until the last Bitcoin is mined. It is about to happen in 2140. You can follow the Bitcoin halving countdown here.
According to analysts, before the first halving, which occurred in November 2012, the price of Bitcoin was $ 2.55. And a year after this event it grew to $ 1,037. Curiously, after that, the cryptocurrency fell almost four times, to $ 268. However, after the second halving, BTC not only returned to $ 1,037 but also overcame this level 2.5 times: Bitcoin went up to $ 2,525 in July 2017.
Cryptoanalysts note that the growth of cryptocurrency is always affected by halving. The cryptocurrencies rates usually start to grow closer to the date of halving. This theory is illustrated by the situation with BTC which price rose significantly before every halving.

Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected].](mailto:[email protected])
submitted by SimpleSwapExchange to CryptoBeginners [link] [comments]

Monumental AIOMiner Update v8.4 - Mine the most profitable currencies on 74+ Algorithms (1000+ coins) while paying 0% Fees, now with free Online Rig Monitoring for your entire farm!

Hi Everyone!

We’re excited to be able to call AIOMiner, the best miner on the planet!
 
First of all, thank you so much for all of your support over this past year! Your constant suggestions in Discord have helped make AIOMiner what it is today and we are endlessly grateful!  
If you haven’t yet, here are some quick links to get involved with AIOMiner:

Humble Beginnings

If you’re not familiar with AIOMiner, we were born right here on /gpumining. Almost exactly one year ago, xixspiderxix became frustrated with the lack of functionality, ugliness, and the high difficulty required to get started with the already existing miners. Originally, he was just going to make it for himself to enhance his own mining experience, but others started asking for access to the software, suggesting new features, and helping him improve. So, he opened it up to the public for free and AIOMiner was born. And to this day, we maintain our promise that mining with AIOMiner will always be free. You can read more about it here, but let’s get to the good stuff!
 

What’s New in AIOMiner?

We now have remote rig monitoring and control through our website! We’ve just enabled the AIOMiner application to connect to the AIOMiner website through an API and fixed some bugs. If you’ve never used AIOMiner before, here are some of the features you can expect on the software side of things:
 
The biggest part of the update is a full rebuild of AIOMiner.com. We're bringing you remote control of your rigs via the AIOMiner website so you can stop paying for services, like Teamviewer, and manage all of your rigs from anywhere you have an internet connection!
 
Here's what you can expect from AIOMiner.com:
Whew! That's a lot, but believe it or not... we're just getting started! We still have plenty planned to maximize your rig efficiency, control, and profitability.
 

All of my favorite miners?

If not all of them, then certainly a good chunk of your favorites and we make sure they are updated daily!

74 Algorithms? Prove it!

takes deep breath
  1. Ethash
  2. CryptoNightHeavy
  3. PHI1612
  4. Zhash
  5. CryptoNightSaber
  6. Lyra2REv2
  7. NeoScrypt
  8. Phi2
  9. CryptoNightV8
  10. TimeTravel10 (BitCore)
  11. x16r
  12. CryptoNightV7
  13. Lyra2z
  14. Hex
  15. Xevan
  16. ProgPoW
  17. 1927-genesis
  18. Geek
  19. Aergo
  20. BCD
  21. Sonoa
  22. Bytom
  23. Renesis
  24. SolidtySha3
  25. CryptoNight-Lite
  26. Aeriumx
  27. Zhash_zel
  28. Zhash_BTG
  29. Zhash_Snow
  30. Zhash_Zcash
  31. Zhash_Safe
  32. Zhash_ltz
  33. x16s
  34. Allium
  35. Zero
  36. Tribus
  37. x14
  38. c11
  39. Darkcoin-mod
  40. Pascal
  41. Blake14r
  42. Vanilla
  43. Blake
  44. Groestl
  45. Skein
  46. Myriad-groestl
  47. Keecakc
  48. Polytimos
  49. Whirpool
  50. Lbry
  51. Jha
  52. Skunk
  53. Phi
  54. Keccak
  55. Sib
  56. Blake2b
  57. Nist5
  58. Veltor
  59. Blakecoin
  60. Blake2s
  61. HSR
  62. x11evo
  63. TimeTravel
  64. Equihash
  65. x17
  66. x17gost
  67. CryptoNight
  68. CryptoNightRTO
  69. CryptoNightXAO
  70. CryptoNightMSR
  71. CryptoNightXTL
  72. CryptoNightLightv0
  73. CryptoNightLightv1
  74. CryptoNightHaven
Q: How many cryptocurrencies does that cover?
A: ¯\(ツ)/¯ We stopped counting when we reached 1,000.

Is it safe?

Of course, but don't take it from us! Here's a 3rd party analysis on the software:
https://www.hybrid-analysis.com/sample/e8f518e55783a853659938ed1c25f441acf5c8cf2e7730ce3135f2dd231759b2?environmentId=120

What's Free Hash Friday?

Every week we put on an event called Free Hash Friday, and don’t call the DEA because we're not giving away weed! Maybe Canada can help you with that, but here's the general rundown for Free Hash Friday:  
The AIOMiner team sends out a tweet every week with directions in an image, such as this one.  
Follow the directions in the tweet where it says "To Win" with the arrows. Once you've completed those three steps, your twitter handle will be inputted into a spreadsheet (that is shared with the public) and you'll be assigned a number in the order that you're inputted.  
You have until 8pm US Pacific Time (GMT -7) to enter. At 8pm, the spreadsheet will be updated one final time and the drawing will begin immediately in the AIOMiner discord channel.  
You'll notice on the spreadsheet that you have a number next to your twitter handle. We have a bender bot that is able to generate a random number given the upper and lower limit. If your number is the randomly generated number, you win!  
Typically we pair with a coin, as you can see, who puts up some to giveaway and we have multiple winners. If we don't have a coin to give away, The AIOMiner team will simply start mining on behalf of the winner for 24 hours and mine any gpu-mineable coin of their choice.  
And that's pretty much it! So, follow our twitter and be on the lookout for the next Free Hash Friday!
 

What else should I know about AIOMiner?

We are fully committed to keeping mining free for everyone, but it does cost some money to keep the servers up and running. So, we're planning on releasing some "premium" features in the near future that will take the mining experience to the next level. Until December 1st, we will allow users to donate/purchase a lifetime premium account. With this account you will gain access to AIOMiner and all of the premium features that we release as well as any future product we make for free. This is only for a limited time, so if you're in the mining game for the long haul, it is definitely worth it. After December 1st, we will open up the premium features on a membership/monthly subscription basis. So, get it while it's hot!
 
Other than that, enjoy the software, enjoy the giveaways and come participate in the community:
 
Thank you again to everyone who has helped make AIOMiner what it is today!
 
Happy Mining,
-The AIOMiner Team
Edit: When releasing the new website, Google's Crawler flagged us as experiencing a hostile takeover and as a result, you may get a message warning of malicious content. We checked everything and there is no malware or malicious software on aiominer.com. We are actively working with Google to get this resolved as quickly as we can!
submitted by AIOMiner to gpumining [link] [comments]

BFGMiner Garlicoin tutorial

Some people have been having trouble with BFGMiner for Garlicoin, so I made a tutorial. This will only work on a Unix-based shell.
I have been informed that the Pastebin may not be beginner-friendly, so I will help anyone who needs it.
Thanks to ChilledGrease for their help with making the tutorial.
  1. Download and extract http://www.digip.org/jansson/releases/jansson-2.10.tar.gz
  2. cd to the folder and run ./configure && make && make install
  3. Download and extract https://github.com/troydhanson/uthash/archive/master.zip
  4. Download and extract http://luke.dashjr.org/programs/bitcoin/files/bfgmine4.10.6/bfgminer-4.10.6.zip
  5. cd to the bfgminer folder and run env CFLAGS='-I../uthash-mastesrc' ./configure --enable-opencl --enable-scrypt --enable-cpumining, assuming uthash-master is the directory you extracted in part 3.
  6. Run make && make install. If it says you do not have permission to do something, run sudo make install and enter your password.
  7. Set up garlicoind and its config. There is a tutorial here.
  8. Run garlicoind.
  9. Run this command: bfgminer --scrypt -o localhost:42070 -u [username in garlicoind config] -p [password] --no-longpoll --no-stratum --coinbase-addr [your address] -S opencl:auto
Citations:
https://askubuntu.com/a/386372
https://bitcointalk.org/index.php?topic=1260729.0
Edit: Adding citations section as well as CPU mining for those of you who don't want to or can't use a GPU.
Edit 2: Clarifications
Edit 3: Removed CPU mining as I cannot currently get it to work.
Edit 4: I don't want to make a 100000 character long post so I'm not gonna put this anymore.
Edit again: I can't get BFGMiner to work with the new scrypt:2048 algorithm, so this will not work for the time being.
submitted by U8336Tea to garlicoin [link] [comments]

Monumental AIOMiner Update v8.4 - Mine ETH while paying 0% Fees, now with free Online Rig Monitoring for your entire farm!

Hi Everyone!

We’re excited to be able to call AIOMiner, the best miner on the planet!
 
First of all, thank you so much for all of your support over this past year! Your constant suggestions in Discord have helped make AIOMiner what it is today and we are endlessly grateful!  
If you haven’t yet, here are some quick links to get involved with AIOMiner:

Humble Beginnings

If you’re not familiar with AIOMiner, we were born right here on Reddit(/gpumining). Almost exactly one year ago, xixspiderxix became frustrated with the lack of functionality, ugliness, and the high difficulty required to get started with the already existing miners. Originally, he was just going to make it for himself to enhance his own mining experience, but others started asking for access to the software, suggesting new features, and helping him improve. So, he opened it up to the public for free and AIOMiner was born. And to this day, we maintain our promise that mining with AIOMiner will always be free. You can read more about it here, but let’s get to the good stuff!
 

What’s New in AIOMiner?

We now have remote rig monitoring and control through our website! We’ve just enabled the AIOMiner application to connect to the AIOMiner website through an API and fixed some bugs. If you’ve never used AIOMiner before, here are some of the features you can expect on the software side of things:
 
The biggest part of the update is a full rebuild of AIOMiner.com. We're bringing you remote control of your rigs via the AIOMiner website so you can stop paying for services, like Teamviewer, and manage all of your rigs from anywhere you have an internet connection!
 
Here's what you can expect from AIOMiner.com:
Whew! That's a lot, but believe it or not... we're just getting started! We still have plenty planned to maximize your rig efficiency, control, and profitability.
 

All of my favorite miners?

If not all of them, then certainly a good chunk of your favorites and we make sure they are updated daily!

74 Algorithms? Prove it!

takes deep breath
  1. Ethash
  2. CryptoNightHeavy
  3. PHI1612
  4. Zhash
  5. CryptoNightSaber
  6. Lyra2REv2
  7. NeoScrypt
  8. Phi2
  9. CryptoNightV8
  10. TimeTravel10 (BitCore)
  11. x16r
  12. CryptoNightV7
  13. Lyra2z
  14. Hex
  15. Xevan
  16. ProgPoW
  17. 1927-genesis
  18. Geek
  19. Aergo
  20. BCD
  21. Sonoa
  22. Bytom
  23. Renesis
  24. SolidtySha3
  25. CryptoNight-Lite
  26. Aeriumx
  27. Zhash_zel
  28. Zhash_BTG
  29. Zhash_Snow
  30. Zhash_Zcash
  31. Zhash_Safe
  32. Zhash_ltz
  33. x16s
  34. Allium
  35. Zero
  36. Tribus
  37. x14
  38. c11
  39. Darkcoin-mod
  40. Pascal
  41. Blake14r
  42. Vanilla
  43. Blake
  44. Groestl
  45. Skein
  46. Myriad-groestl
  47. Keecakc
  48. Polytimos
  49. Whirpool
  50. Lbry
  51. Jha
  52. Skunk
  53. Phi
  54. Keccak
  55. Sib
  56. Blake2b
  57. Nist5
  58. Veltor
  59. Blakecoin
  60. Blake2s
  61. HSR
  62. x11evo
  63. TimeTravel
  64. Equihash
  65. x17
  66. x17gost
  67. CryptoNight
  68. CryptoNightRTO
  69. CryptoNightXAO
  70. CryptoNightMSR
  71. CryptoNightXTL
  72. CryptoNightLightv0
  73. CryptoNightLightv1
  74. CryptoNightHaven
Q: How many cryptocurrencies does that cover?
A: ¯\(ツ)/¯ We stopped counting when we reached 1,000.

Is it safe?

Of course, but don't take it from us! Here's a 3rd party analysis on the software:
https://www.hybrid-analysis.com/sample/e8f518e55783a853659938ed1c25f441acf5c8cf2e7730ce3135f2dd231759b2?environmentId=120

What's Free Hash Friday?

Every week we put on an event called Free Hash Friday, and don’t call the DEA because we're not giving away weed! Maybe Canada can help you with that, but here's the general rundown for Free Hash Friday:  
The AIOMiner team sends out a tweet every week with directions in an image, such as this one.  
Follow the directions in the tweet where it says "To Win" with the arrows. Once you've completed those three steps, your twitter handle will be inputted into a spreadsheet (that is shared with the public) and you'll be assigned a number in the order that you're inputted.  
You have until 8pm US Pacific Time (GMT -7) to enter. At 8pm, the spreadsheet will be updated one final time and the drawing will begin immediately in the AIOMiner discord channel.  
You'll notice on the spreadsheet that you have a number next to your twitter handle. We have a bender bot that is able to generate a random number given the upper and lower limit. If your number is the randomly generated number, you win!  
Typically we pair with a coin, as you can see, who puts up some to giveaway and we have multiple winners. If we don't have a coin to give away, The AIOMiner team will simply start mining on behalf of the winner for 24 hours and mine any gpu-mineable coin of their choice.  
And that's pretty much it! So, follow our twitter and be on the lookout for the next Free Hash Friday!
 

What else should I know about AIOMiner?

We are fully committed to keeping mining free for everyone, but it does cost some money to keep the servers up and running. So, we're planning on releasing some "premium" features in the near future that will take the mining experience to the next level. Until December 1st, we will allow users to donate/purchase a lifetime premium account. With this account you will gain access to AIOMiner and all of the premium features that we release as well as any future product we make for free. This is only for a limited time, so if you're in the mining game for the long haul, it is definitely worth it. After December 1st, we will open up the premium features on a membership/monthly subscription basis. So, get it while it's hot!
 
Other than that, enjoy the software, enjoy the giveaways and come participate in the community:
 
Thank you again to everyone who has helped make AIOMiner what it is today!
 
Happy Mining,
-The AIOMiner Team
submitted by AIOMiner to EtherMining [link] [comments]

Why Verge Needs DigiShield NOW! And Why DigiByte Is SAFE!

Hello everyone, I’m back! Someone asked a question recently on what exactly happened to XVG – Verge and if this could be a problem for DGB – DigiByte - Here: DigiByte vs Verge It was a great question and there have been people stating that this cannot be a problem for us because of DigiShield etc… with not much explanation after that.
I was curious and did a bit more investigating to figure out what happened and why exactly it is that we are safe. So take a read.

Some Information on Verge

Verge was founded in 2014 with code based on DogeCoin, it was initially named DogeCoinDark, it later was renamed Verge XVG in 2016. Verge has 5 mining algorithms as does DigiByte. Those being:
However, unlike DigiByte those algorithms do not run side by side. On Verge one block can only be mined by a single algorithm at any time. This means that each algorithm takes turns mining the chain.
Prior to the latest fork there was not a single line of code that forced any algo rotation. They all run in parallel but of course in the end only one block can be accepted at given height which is obvious. After the fork algo rotation is forced so only 6 blocks with the same algo out of any 10 blocks can be accepted. - srgn_

Mining Verge and The Exploit

What happened then was not a 51% attack per say, but the attacker did end up mining 99% of all new blocks so in fact he did have power of over 51% of the chain. The way that Verge is mined allowed for a timestamp exploit. Every block that is mined is dependent on the previous blocks for determining the algorithm to be used (this is part of the exploit). Also, their mining difficulty is adjusted every block (which last 30 seconds also part of the exploit). Algorithms are not picked but in fact as stated previously compete with one another. As for difficulty:
Difficulty is calculated by a version of DGW which is based on timestamps of last 12 blocks mined by the same algo. - srgn_
This kind of bug is very serious and at the foundation of Verge’s codebase. In fact, in order to fix it a fork is needed, either hard fork or soft fork!
What happened was that the hacker managed to change the time stamps on his blocks. He introduced a pair of false blocks. One which showed that the scrypt mining algorithm had been previously used, about 26 mins before, and then a second block which was mined with scrypt. The chain is set up so that it goes through the 5 different algorithms. So, the first false block shows the chain that the scrypt algorithm had been used in the recent past. This tricks it into thinking that the next algorithm to be used is scrypt. In this way, he was essentially able to mine 99% of all blocks.
Pairs of blocks are used to lower the difficulty but they need to be mined in certain order so they can pass the check of median timestamp of last 11 blocks which is performed in CBlock::AcceptBlock(). There is no tricking anything into thinking that the next algo should be x because there is no algo picking. They all just run and mine blocks constantly. There is only lowering the difficulty, passing the checks so the chain is valid and accepting this chain over chains mined by other algos. - segn_
Here is a snippet of code for what the time stamps on the blocks would look like:
SetBestChain: new best=00000000049c2d3329a3 height=2009406 trust=2009407 date=04/04/18 13:50:09 ProcessBlock: ACCEPTED (scrypt) SetBestChain: new best=000000000a307b54dfcf height=2009407 trust=2009408 date=04/04/18 12:16:51 ProcessBlock: ACCEPTED (scrypt) SetBestChain: new best=00000000196f03f5727e height=2009408 trust=2009409 date=04/04/18 13:50:10 ProcessBlock: ACCEPTED (scrypt) SetBestChain: new best=0000000010b42973b6ec height=2009409 trust=2009410 date=04/04/18 12:16:52 ProcessBlock: ACCEPTED (scrypt) SetBestChain: new best=000000000e0655294c73 height=2009410 trust=2009411 date=04/04/18 12:16:53 ProcessBlock: ACCEPTED (scrypt) 
Here’s the first falsified block that was introduced into the XVG chain – Verge-Blockchain.info
As you can see there is the first fake block with a time stamp of 13:50:09 for example and the next is set to 12:15:51, the following two blocks are also a fraudulent pair and note that the next block is set to 12:16:52. So essentially, he was able to mine whole blocks - 1 second per block!

The “Fix”

This exploit was brought to public attention by ocminer on the bitcointalk forums. It seems the person was a mining pool administrator and noticed the problem after miners on the pool started to complain about a potential bug.
What happened next was that Verge developers pushed out a “fix” but in fact did not really fix the issue. What they did was simply diminish the time frame in which the blocks can be mined. The attack still was exploitable and the attacker even went on to try it again!
“The background is that the "fix" promoted by the devs simply won't fix the problem. It will just make the timeframe smaller in which the blocks can be mined / spoofed and the attack will still work, just be a bit slower.” - ocminer
Ocminer then cited DigiShield as a real fix to the issue! Stating that the fix should also stipulate that a single algo can only be used X amount of times and not be dependent on when the algo was last used. He even said that DigiByte and Myriad had the same problems and we fixed them! He cited this github repo for DigiByte:

DigiShield

It seems that the reason that this exploit was so lucrative was because the difficulty adjustment parameters were not enough to reduce the rewards the attacker recieved. Had the rewards per block adjusted at reasonable rate like we do in DGB then at least the rewards would have dropped significantly per block.
The attacker was able to make off with around 60 million Verge which equals about 3.6 million dollars per today’s prices.
The exploit used by the attacker depended on the fact that time stamps could be falsified firstly and secondly that the difficulty retargeting parameters were inadequate.
Let’s cover how DigiShield works more in detail. One of the DigiByte devs gave us this post about 4 years ago now, and the topic deserves revisiting and updates! I had a hard time finding good new resources and information on the details of DigiShield so I hope you’ll appreciate this review! This is everything I found for now that I could understand hopefully I get more information later and I’ll update this post.
Let’s go over some stuff on difficulty first then I’ll try giving you a way to visualise the way these systems work.
First you have to understand that mining difficulty changes over time; it has to! Look at Bitcoin’s difficulty for example – Bitcoin difficulty over the past five months. As I covered in another post (An Introduction to DigiByte Difficulty in Bitcoin is readjusted every 2016 blocks which each last about 10 mins each. This can play out over a span of 2 weeks, and that’s why you see Bitcoin’s difficulty graph as a step graph. In general, the hash power in the network increases over time as more people want to mine Bitcoin and thus the difficulty must also increase so that rewards are proportional.
The problem with non-dynamic difficulty adjustment is that it allows for pools of miners and or single entities to come into smaller coins and mine them continuously, they essentially get “free” or easily mined coins as the difficulty has not had time to adjust. This is not really a problem for Bitcoin or other large coins as they always have a lot of miners running on their chains but for smaller coins and a few years ago in crypto basically any coin other than Bitcoin was vulnerable. Once the miners had gotten their “free coins” they could then dump the chain and go mine something else – because the difficulty had adjusted. Often chains were left frozen or with very high fees and slow processing times as there was not enough hash power to mine the transactions.
This was a big problem in the beginning with DigiByte and almost even killed DogeCoin. This is where our brilliant developers came in and created DigiShield (first known as MultiShield).
These three articles are where most of my information came from for DigiShield I had to reread a the first one a few times to understand so please correct me if I make any mistakes! They are in order from most recent to oldest and also in order of relevance.
DigiShield is a system whereby the difficulty for mining DigiByte is adjusted dynamically. Every single block each at 15 seconds has difficulty adjusted for the available hashing power. This means that difficulty in DigiByte is as close as we can get to real time! There are other methods for adjusting difficulty, the first being the Bitcoin/Litecoin method (a moving average calculated every X number of blocks) then the Kimoto Gravity Well is another. The reason that DigiShield is so great is because the parameters are just right for the difficulty to be able to rise and fall in proportion to the amount of hash power available.
Note that Verge used a difficulty adjustment protocol more similar to that of DigiByte than Bitcoin. Difficulty was adjusted every block at 30 seconds. So why was Verge vulnerable to this attack? As I stated before Verge had a bug that allowed for firstly the manipulation of time stamps, and secondly did not adjust difficulty ideally.
You have to try to imagine that difficulty adjustment chases hashing power. This is because the hashing power on a chain can be seen as the “input” and the difficulty adjustment as the corresponding output. The adjustment or output created is thus dependent on the amount of hashing power input.
DigiShield was designed so that increases in mining difficulty are slightly harder to result than decreases in mining difficulty. This asymmetrical approach allows for mining to be more stable on DigiByte than other coins who use a symmetrical approach. It is a very delicate balancing act which requires the right approach or else the system breaks! Either the chain may freeze if hash power increases and then dumps or mining rewards are too high because the difficulty is not set high enough!
If you’ve ever taken any physics courses maybe one way you can understand DigiShield is if I were to define it as a dynamic asymmetrical oscillation dampener. What does this mean? Let’s cover it in simple terms, it’s difficult to understand and for me it was easier to visualise. Imagine something like this, click on it it’s a video: Caravan Weight Distribution – made easy. This is not a perfect analogy to what DigiShield does but I’ll explain my idea.
The input (hashing power) and the output (difficulty adjustment) both result in oscillations of the mining reward. These two variables are what controls mining rewards! So that caravan shaking violently back and forth imagine those are mining rewards, the weights are the parameters used for difficulty adjustment and the man’s hand pushing on the system is the hashing power. Mining rewards move back and forth (up and down) depending on the weight distribution (difficulty adjustment parameters) and the strength of the push (the amount of hashing power input to the system).
Here is a quote from the dev’s article.
“The secret to DigiShield is an asymmetrical approach to difficulty re-targeting. With DigiShield, the difficulty is allowed to decrease in larger movements than it is allowed to increase from block to block. This keeps a blockchain from getting "stuck" i.e., not finding the next block for several hours following a major drop in the net hash of coin. It is all a balancing act. You need to allow the difficulty to increase enough between blocks to catch up to a sudden spike in net hash, but not enough to accidentally send the difficulty sky high when two miners get lucky and find blocks back to back.”
AND to top it all off the solution to Verge’s time stamp manipulation bug is RIGHT HERE in DigiShield again! This was patched and in Digishield v3 problems #7
Here’s a direct quote:
“Most DigiShield v3 implementations do not get data from the most recent blocks, but begin the averaging at the MTP, which is typically 6 blocks in the past. This is ostensibly done to prevent timestamp manipulation of the difficulty.”
Moreover, DigiShield does not allow for one algorithm to mine more than 5 blocks in a row. If the next block comes in on the same algorithm then it would be blocked and would be handed off to the next algorithm.
DigiShield is a beautiful delicate yet robust system designed to prevent abuse and allow stability in mining! Many coins have adopted out technology!

Verge Needs DigiShield NOW!

The attacker has been identified as IDCToken on the bitcointalk forums. He posted recently that there are two more exploits still available in Verge which would allow for similar attacks! He said this:
“Can confirm it is still exploitable, will not abuse it futher myself but fix this problem immediately I'll give Verge some hours to solve this otherwise I'll make this public and another unpatchable problem.” - IDCToken
DigiShield could have stopped the time stamp manipulation exploit, and stopped the attacker from getting unjust rewards! Maybe a look at Verge’s difficulty chart might give a good idea of what 1 single person was able to do to a coin worth about 1 billion dollars.
Here’s DigiByte’s difficulty steady, even and fair:
Maybe our developers could help Verge somehow – but for a fee? Or it might be a good way to get our name out there, and show people why DigiByte and DigiShield are so important!

SOURCES

Edit - Made a few mistakes in understanding how Verge is mined I've updated the post and left the mistakes visible. Nothing else is changed and my point still stands Verge could stand to gain something from adopting DigiShield!
Hi,
I hope you’ve enjoyed my article! I tried to learn as much as I could on DigiShield because I thought it was an interesting question and to help put together our DGB paper! hopefully I made no mistakes and if I did please let me know.
-Dereck de Mézquita
I'm a student typing this stuff on my free time, help me pay for school? Thank you!
D64fAFQvJMhrBUNYpqUKQjqKrMLu76j24g
https://digiexplorer.info/address/D64fAFQvJMhrBUNYpqUKQjqKrMLu76j24g
submitted by xeno_biologist to Digibyte [link] [comments]

[FULOOSCOIN] Welcome to our Community and everything you need to know in a few minutes.

What is Fuloos Coin and why should we use it?

Fuloos Coin is an open-source digital currency, allowing merchants and users across the globe to send transactions fast and with low fees. We officially released Fuloos Coin on December 1st, 2017.
We are the next digital currency that uses the Scrypt Algorithm to allow users to transact their funds fast and with low fees across the world without delays with the ability to stake your coins to earn interest on your funds.
Fuloos Coin has grown a lot since we started in 2017, reaching other 20,000+ members supporting the community and the development team for the future of the Fuloos making us the most affordable cryptocurrencie for merchants and users around the world making it easier to pay for services, friends or employees with almost instant transactions.
Our main infrastructure is backed by multiple dedicated nodes to insure our network never goes down and allowing users to use Fuloos Coin any time of the day providing a secure and reliable environment for merchants with no downtime what's so ever.

Where can I buy Fuloos Coins?

Here's a list of the current exchange platforms that allow you to trade FLS with different cryptocurrencies:
We are hoping to be listed on many more exchanges over the coming weeks to improve the accessibility of purchasing coins and daily trading for Fuloos.
Any other questions regarding this? Please, contact one of the team members in one of the social chats we provide.

What is staking?

Staking also known as Proof-of-Stake or POS, is the ability for Fuloos Coin holders to earn interest on their funds with our inbuilt stake-miner into our desktop wallets which allows our network to run smoothly with our community support by validating transactions or by mining blocks just by keeping your wallet open.
For example, if I had 1000 Fuloos Coin's and if the transaction's dates have been longer than seven days, I could potentially earn 0.85 Fuloos Coin's every 10 minutes.
Technical Specifications:
If you would like to know more information about staking your funds, you can use our own calculator to find out how much you can earn.
Proof-of-Stake Calculator

Where can I store my coins?

There are several options on places to store your coins, starting from the exchange platforms which have inner wallets like Stocks.Exchange. However, the most secure way to store your coins is to keep it in outside wallets. Here’s a list of wallet options to store your coins:
Choose the best option that is suitable for you and don’t feel shy to ask us for help when setting up your wallet. Please, understand that your wallet is a source where you store your funds. Take it seriously, use all the available protection methods (backups, 2FA, complicated passwords).

Are there any local communities presented in my native language?

Definitely, Fuloos Coin is a cryptocurrencie with supporters all over the world. Be the first one to hear news in your native language and meet other users in our community!
You can see our community managers via our official team page on our website and also can ask questions in our chats to speak one of the community managers directly, if you have any suggestions for the Fuloos Team or your local community.

Can I use Fuloos Coin as a payment method? Is it possible to spend the coins in a store, shop, hotel, etc.?

Of course, you can purchase items or buy goods/services using Fuloos. We are currently working on our new merchant platform which will allow online store owners to accept Fuloos easily using a created plugin by our development team.
Popular E-commerce Platforms will be supported:
If you are a developer and would like to help create service or integrate Fuloos into your own website, you can use the created PHP Class created by LiteSpeed to make it easier to install and use, there will also be a c++ version released soon for programs integration.
https://github.com/LiteSpeedDev/FuloosRPC/

Social Links & Community Chats.

Following our social media and joining our community chats will allow you to keep up to date with the Fuloos Development and News relating to Fuloos Partners and Announcements.
The Fuloos team is glad to welcome every new user into our community. Join our family to be a part of one of the most prospective cryptocurrencies and enjoy it!
Yours truly,
LiteSpeed, CryptoKnight & the Fuloos Team.
submitted by Fuloos to Fuloos [link] [comments]

Dogecoin (DOGE): The Shiba Inu Meme That Turned Into A Major Cryptocurrency

Dogecoin (DOGE): The Shiba Inu Meme That Turned Into A Major Cryptocurrency

https://preview.redd.it/nn02rwgxta221.png?width=660&format=png&auto=webp&s=eb7066777df5f7e7f1b680da2af1691008afff11
https://cryptoiq.co/dogecoin-doge-the-shiba-inu-meme-that-turned-into-a-major-cryptocurrency/
Atsuko Sato adopted a Shiba Inu from an animal shelter, and eventually took the famous Doge picture in 2010. The picture itself is entrancing, something like a hybrid between the Mona Lisa and a disturbed Shiba Inu. It is impossible to tell what exactly the shibe is thinking, leaving people open to interpret its thoughts. Someone on the internet posted the shibe’s possible thoughts all over the image in pastel colors (below image), and the Doge meme was born, and soon proliferated across the internet. This is ultimately what led to the creation of Dogecoin, a cryptocurrency ranked #21 on CoinMarketCap with a market cap of USD 279 million. Although Dogecoin started with just a meme, it now has one of the most active communities in the crypto space, and will likely be a major cryptocurrency long term.

https://preview.redd.it/qs7prtlzta221.png?width=369&format=png&auto=webp&s=19cf1de4d845864c6923fc350971832a12b06d4f
Billy Markus and Jackson Palmer were cryptocurrency enthusiasts who also loved the Doge meme, and that led them to launch Dogecoin on 6 December 2013. There were only 59 cryptocurrencies on CoinMarketCap when Dogecoin was listed, and Dogecoin was certainly the first memecoin. Dogecoin rapidly became successful, with the first Dogecoin rally on 19 December 2013. Dogecoin’s early success led to numerous other crypto enthusiasts launching meme and joke coins, but none of them succeeded in the long run. Dogecoin is the only memecoin that has become a major cryptocurrency, most of the others have totally failed.
Practically all of the cryptocurrencies that have launched in 2017 and 2018 utilized initial coin offerings (ICOs), making them impossible to obtain without buying them. Dogecoin on the other hand had a humble and fair launch, with zero premine, and profitable mining from the beginning. Dogecoin uses the Scrypt Proof of Work algorithm, and back when Dogecoin launched it was easy to earn significant amounts of Dogecoin with a personal or gaming computer. This made Dogecoin very attractive to crypto miners, since miners could earn numerous coins even with the cheapest mining setup, versus Litecoin mining where it took weeks or months to earn an entire Litecoin. There is definitely a psychological boost when miners receive entire coins rapidly, versus small fractions of a coin. To this day Dogecoin continues to be a #1 choice for people mining via Scrypt Proof of Work on personal computers, which causes a continuous flow of new users into the Dogecoin community. This gives Dogecoin a competitive edge over many of the newer cryptocurrencies.
What makes Dogecoin truly unique is its active and friendly community. There are many Dogecoin forums and chats, but the dogecoin subreddit is the central nerve of the Dogecoin world. Back in 2014 and 2015 Dogecoin tips were raining down from the sky in dogecoin, which caused many people that never used cryptocurrency before to begin using Dogecoin, since they would get some Dogecoins for free, and then begin using and talking about Dogecoin. This made dogecoin and Dogecoin itself fun, if not addicting. Tipping continues to this day on dogecoin.
The atmosphere of tipping and friendliness made dogecoin the perfect environment for crypto newcomers. New crypto users learned about creating their first wallet, mining cryptocurrency, trading cryptocurrency, developing crypto apps, and how to objectively analyze ongoing events in the crypto space, and were rewarded throughout the process. Compare this to the central nerve of the Bitcoin community, which is Bitcoin and Bitcointalk, which has very useful information, but a more aggressive community and barely any tipping. Fundamentally this is because the Bitcoin community is focused on making money, while the Dogecoin community is focused on giving away money to build a better world.
Dogecoin continues to onboard many new crypto users, and numerous veteran crypto users like Dogecoin and continue to buy it and use it, since that is where they started. Just like people grow up in a certain place and like to stay there or visit, many crypto users grew up in the Dogecoin community and never stop coming back.
Essentially, Dogecoin is the gateway to the crypto space, and will probably hold that position long term. There is no other crypto community that is so focused on helping others, since most crypto communities are focused on competitive money making. Therefore, Dogecoin appears to have the right stuff to stay near the top of the CoinMarketCap rankings for the foreseeable future.
submitted by turtlecane to dogecoin [link] [comments]

A Guide to What the Heck is Going On

Although be it that I don't have a complete mastery of the concept either, I will do my best to use my limited knowledge to explain what exactly the heck is going on with this mystical "Litecoin Mining" and the disappearance of AMD GPUs worldwide.
What exactly is Litecoin mining?
Litecoin mining, or cryptocurrency mining in general, is the use of processors to hash out a value and submit this work in something called "Proof of Work" that is mutually recognized. To put this in an analogy, think of a 3rd grade math classroom. The teacher writes a math problem on the board, say "2+3", and she tells the class to find the answer. Quickly, each student begins to work out the problem, and when a student thinks they've found the answer, they raise their hand and respond, "The answer is 5!". The teacher will then tell the student whether they are right or wrong, and the rest of the class will listen and understand that the one student got the answer right. Then they clap for him, recognizing his achievement and work needed to arrive to the answer. Now, in terms of mining, this difficulty is scaled to immense amounts, but the basic principle is the same. You, the miner, are the student trying to find the answer. The Litecoin master algorithm is the confirming teacher. And the rest of the miners are the other students in the classroom, recognizing your work. Litecoin itself is a derivative of Bitcoin, which is basically another cryptocurrency.
Sources: Litecoin Website and Bitcoin (something like Litecoin)
So what is so important about this answer?
In reality, nothing. It just solves a math problem. But that's all the reason. When the Litecoin algorithm sees you've found the right answer and everybody agrees you found it (so no cheating!), then it will give you a "block reward". Like the teacher handing you a piece of candy for getting the right answer. This block reward contains an amount of Litecoins.
What is a "Litecoin"?
A Litecoin is a medal or proof of work done, and it is given through the reward system aforementioned. Litecoins are just numerical values stored inside of the "blockchain", which you can think of as the classroom. All of the players of this litecoin mining are located within this classroom, located within the blockchain. When everyone recognizes your work, you are given litecoins, which can only be accessed within wallets. You may think of litecoins as a currency, like pennies or nickels. They are something that we give value, yet do not have inherent value themselves. A paper bill is just paper unless we give it value.
So what is a wallet?
Wallets are where litecoins are stored, using a private key and a public key. This private key is a hash of base 58 that is completely randomized, such that only knowing both the private and public keys allows access to this wallet. The public key is shared with others who want to send you litecoins, while you keep the private key to yourself, which allows you to spend those litecoins.
Now, the ultimate question: Why are they taking our graphics cards?!
Ah yes. Now to talk about AMD GPUs. Litecoins use the scrypt algorithm, a memory and computation intensive algorithm that requires many cores and lots of fast RAM. Graphics cards fit both of these profiles perfectly. A graphics card has hundreds or thousands of computation cores, as well as lightning fast GDDR5 memory. As such, graphics cards are snatched up by miners wanting to create money out of thin air, which is basically what they're doing.
But why AMD? Why not NVIDIA?
AMD graphics cards are more efficient at moving bits than NVIDIA graphics cards, further explained here. All you really have to know if that the AMD architecture is much more efficient for cryptocurrency mining.
But why NOW? Bitcoin/Litecoin has been around for awhile. Why are miners stealing our graphics cards NOW?
Well, to put it bluntly, it's because people want to get rich. Recently, as further adoption by companies and the media coverage of cryptocurrencies, Litecoin price has skyrocketed. I'm talking magnitudes of 100 fold. Due to this rapid increase in value, miners have been rushing for more graphics card to make more money. If you take a look at this source, you can see that cryptocurrency mining profitability is insanely high compared to Bitcoin, which is Litecoin's main competitor. Look at the right column in the table that says "Profit Ratio vs. BTC". See the numbers in the 3000% range. Yeah, that's a lot of profitability that can be taken advantage of.
Will we ever get our beloved 7950s back here in /buildapc? Q_Q
Maybe. Delving deeper into what is litecoin, I'll now explain difficulty. As you find more of these answers, with more students working to find the answer to a math problem, the teacher must create more and more difficult math problems for the students to solve, else these little 3rd graders will solve them faster than the teacher has enough candy for. In litecoin mining, this equates to difficulty level. As the difficulty increase, litecoins are harder to hash out, and the rewards diminish. As more students/miners join the blockchain, mining will start to get less and less profitable. HOWEVER. If the price of litecoin skyrockets again, mining will be able to sustain profitability, and we may be out of AMD graphics card for a LONG, LONG TIME. Not to mention, once litecoin becomes unprofitable, if it indeed does, miners will move to other derivatives of cryptocurrencies, restarting the cycle and continuing to snatch up graphics cards. It is unlikely that this trend continues, but if it does, NVIDIA may be the only option for new gamers.
Give me a TL;DR summary!
I'll try my best. Poor people are sitting in a basement making money of out thin air using our graphics cards. They are making $12 a day per graphics card by basically only paying for electricity. This trend will continue for quite some time, meaning no more AMD graphics cards for a while. If you're a gamer, look towards NVIDIA, or be prepared to throw down a lot of cash.
I obviously did not cover EVERYTHING in this post, but the main principles are there. If you want to delve deeper into this, I'd suggest doing your research and looking on the Bitcoin Forum.
EDIT: Please check out /litecoin and /litecoinmining as well. Lots of good information.
submitted by TheKeeperOfPie to buildapc [link] [comments]

such beginner shibe thread wow how to get coin

 how to shibecoin v rich in minutes much instruct so simple any doge can do 

START HERE

UPDATE 1/21/14: I'm not updating this guide anymore. Most of the steps should still work though. See the wiki or check the sidebar for updated instructions.
Before you do anything else, you need to get a wallet. Until there's a secure online wallet, this means you need to download the dogecoin client.
Now open the client you just downloaded. You'll be given a default address automatically, and it should connect to peers and start downloading the dogechain (aka blockchain in formal speak). You'll know because there will be a progress bar at the bottom and at the lower right there should be a signal strength icon (TODO: add screenshots).
If you've waited 2 or 3 minutes and nothing is happening, copy this:
maxconnections=100 addnode=95.85.29.144 addnode=162.243.113.110 addnode=146.185.181.114 addnode=188.165.19.28 addnode=166.78.155.36 addnode=doge.scryptpools.com addnode=doge.netcodepool.org addnode=doge.pool.webxass.de addnode=doge.cryptopool.it addnode=pool.testserverino.de addnode=doge.luckyminers.com addnode=doge.cryptovalley.com addnode=miner.coinedup.comdoge addnode=doge.cryptoculture.net addnode=dogepool.pw addnode=doge.gentoomen.org addnode=doge.cryptominer.net addnode=67.205.20.10 addnode=162.243.113.110 addnode=78.46.57.132 
And paste it into a new text file called dogecoin.conf, which you then place into the dogecoin app directory.
Now restart your qt client and the blockchain should start downloading in about 1-2 minutes.
Once it finished downloading, you're ready to send and receive Dogecoins!

GETTING COINS

Decide how you want to get Dogecoin. Your options are:
I'll go into detail about each of these. I'm currently writing this out. I'll make edits as I add sections. Suggestions are welcome.

MINING

Mining is how new dogecoins are created. If you're new to crypto currencies, read this. To mine (also called "digging"), a computer with a decent GPU (graphics card) is recommended. You can also mine with your CPU, but it's not as efficient.

GPU MINING

These instructions cover only Windows for now. To mine, you'll need to figure out what GPU you have. It'll be either AMD/ATI or Nvidia. The setup for both is approximately the same.

Step One: Choose a pool

There's a list of pools on the wiki. For now it doesn't really matter which one you choose. You can easily switch later.
NOTE: You can mine in two ways. Solo mining is where you mine by yourself. When you find a block you get all the reward. Pool mining is when you team up with other miners to work on the same block together. This makes it more likely that you'll find a block, but you won't get all of it, you'll have to split it up with others according to your share of the work. Pool mining is recommended because it gives you frequent payouts, because you find more blocks. The larger the pool you join, the more frequent the payouts, but the smaller the reward you get.
Over a long period of time the difference between pool and solo mining goes away, but if you solo mine it might be months before you get any coins.

Step two: Set up pool account

The pool you chose should have a getting started page. Read it and follow the instructions. Instructions vary but the general idea is:
When you're done with this, you'll need to know:

Step three: Download mining software

For best performance you'll need the right mining software.
Unzip the download anywhere you want.

Step four: Set up miner

Create a text file in the same folder as your miner application. Inside, put the command you'll be running (remove brackets).
For AMD it's cgminer.exe --scrypt -o stratum+tcp://: -u -p
For Nvidia it's cudaminer.exe -o stratum+tcp://: -O :
Substitute the right stuff in for the placeholders. Then on the next line of the text file type pause. This will let you see any errors that you get. Then save the file with any name you want, as long as the file extension is .bat. For example mine_serverName.bat.

Step five: Launch your miner

Just open the .bat file and a command line window should pop up, letting you know that the miner is starting. Once it starts, it should print out your hash rate.
If you now go to the pool website, the dashboard should start showing your hashrate. At first it'll be lower than what it says in the miner, but that's because the dashboard is taking a 5 minute average. It'll catch up soon enough.
NOTE: A normal hashrate is between 50 Kh/s up to even 1 Mh/s depending on your GPU.

You're now mining Dogecoins

That's it, nothing more to it.

CPU MINING

CPU mining isn't really recommended, because you'll be spending a lot on more on power than you'd make from mining Dogecoin. You could better spend that money on buying Dogecoin by trading. But if you have free electricity and want to try it out, check out this informative forum post.

Trading

Trading has been difficult so far, but Dogecoin just got added to a few new exchanges. If you don't have a giant mining rig, this is probably the best way to get 100k or more dogecoins at the moment. I'll write up a more complete guide, but for now check out these sites:

Faucets

Faucets are sites that give out free coins. Usually a site will give out somewhere between 1 and 100 Dogecoin. Every site has its own time limits, but usually you can only receive coins once every few hours, or in some cases, days. It's a great way to get started. All you do is copy your address from the receive section of your wallet and enter it on some faucet sites. Check out /dogecoinfaucets for more. If you go to each site on there you might end up with a couple hundred Dogecoin!

Begging

This method is pretty straightforward. Post your receiving address, and ask for some coins. Such poor shibe. The only catch is, don't do it here! Please go to /dogecoinbeg.

Tips

At the moment there are two tip bots:
Other redditors can give you Dogecoin by summoning the tip bot, something like this:
+dogetipbot 5 doge
This might happen if you make a good post, or someone just wants to give out some coins. Once you receive a tip you have to accept it in a few days or else it'll get returned. Do this by following the instructions on the message you receive in your inbox. You reply to the bot with "+accept". Commands go in the message body. Once you do that, the bot will create a tipping address for you, and you can use the links in the message you receive to see your info, withdraw coins to your dogecoin-qt wallet, see your history, and a bunch of other stuff.
As a bonus, so_doge_tip has a feature where you can get some Dogecoins to start with in exchange for how much karma you have. To do this, send the message "+redeem DOGE" to so_doge_tip. You'll need to create a tipping account if you don't have one.
If you want to create a tipping account without ever being tipped first, message either of the bots with "+register" and an address will be created for you.

CHANGELOG

  • 1/21/14 - Added note about this thread no longer being updated
  • 1/21/14 - Changed wallet links to official site
  • 12/27/13 - Added 1.3 wallet-qt links
  • 12/21/13 - Added new windows 1.2 wallet link
  • 12/20/13 - Fixed +redeem text
  • 12/18/13 - Added short blurb on trading.
  • 12/18/13 - Updated cudaminer to new version (cudaminer-2013-12-18.zip).
  • 12/18/13 - Fixed +redeem link
  • 12/18/13 - Updates dogecoin.conf, from here.
  • 12/17/13 - Linked to mining explanation.
  • 12/17/13 - Added link to CPU mining tutorial, in response to this.
  • 12/16/13 - Added links to tip commands, link to dogetipbot wiki.
  • 12/16/13 - Note about tip commands going in body, in response to this.
  • 12/16/13 - Added link to cgminer mirror, thanks to scubasteve812 and thanks to Bagrisham.
  • 12/16/13 - Note about removing brackets in response to this.
  • 12/15/13 - Fixed hash rate as per this comment, thanks lleti
  • 12/15/13 - Added info for all other ways of getting money, except for trading (placeholder for now)
  • 12/15/13 - Added windows GPU mining instructions 12/15/13 - Added wallet instructions, list of how to get money
submitted by lego-banana to dogecoin [link] [comments]

EOT - Encryption of things

 **EOT - Encryption of things** 
There is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk.
[b]Some examples where encryption plays a role:
[b]Secure messaging - To make messages truly secure we need a process whereby a cryptography can be applied to encrypt transaction.
[b]Secure calling - Secure calling is a process whereby the caller and the recipient of the call are identified and linked via a blockchain enabled cryptocurrency transfer, again creating public and private encryption keys making the call truly private.
[b]Secure media storage - To safely and securely store media a process is required where 1.) Access to the media is encrypted via public and private keys of the person wanting to store the media. 2.) The media itself needs to be encrypted with a set of encryption keys and 3.) Media storage costs need to be paid via cryptocurrency
[b]Secure browsing - To browse the internet securely we need to create a process of verification whereby nodes on the blockchain can verify websites as “safe”. Furthermore, the entire process needs to be encrypted as well.
[b]Verification - This is one of the most important uses of a blockchain, we can verify websites as in the example above but also various other things such as identity, title and ownership, date stamps and source of products as with the verification of the source of agricultural or other products. These are just a few examples. All of this data needs to be encrypted as well.
[b]“Smart home” security - Wi-Fi is often used for remote monitoring and control. Home devices, when remotely monitored and controlled via the Internet, are an important constituent of the Internet of Things - all needing encryption, otherwise, hackers paradise.
[b]EOT in the future - The examples we mentioned above are only “scratching the surface” of where these technologies are applicable and who knows what will be invented in future. Google, Apple and Uber are all testing cars that drive themselves. A major issue with this technology is again the security aspect and the need to protect against hacking and who want’s to get into a spaceship to Mars that might be hacked or hijacked by ransomware?
So the future for the [b]“Encryption of Things” – EOT, looks very interesting indeed and the role of crypto currencies in this will be major.
Read the full white paper here - http://eottoken.com/index.php/whitepape
The first device using EOT Coin is the BitVault®[/b] - the World's first crypto communicator and blockchain phone. The BitVault is a revolutionary new product that is built around security and privacy enabled through Blockchain technology. Biometric Security enabled through fingerprint and iris scan. Iris patterns are unique to you and are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private. Proven Biometric technology brings a whole new level of security to your crypto currency and blockchain transactions. Creating Military grade security for your device through third party independent Multilayer security.
September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet(Achived)
October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing (First batch shipped)
November 2017 – BitVault® Global App Store launches for developers to develop their own applications (Achived)
November 2017 – Website EOT Payment Gateway for WordPress and WooCommerce (ACHIVED)
December 2017 – Cryptodoc stores all your documents securely and encrypted on your PC
December 2017 – Password Wallet stores all your passwords for applications and websites encrypted on your PC January 2018 – Smart Router for secure, encrypted internet which is direct, safe and easy
January 2018 – EOT Camera, an Encryption of Things connected camera
February 2018 – EOT Development Kit for hardware devices
EOT payment gateway live on swissbankinyourpocket.com, Now you can buy SBIYP and BitVault using EOT coins
More on the BitVault here:- https://swissbankinyourpocket.com/bitvault/]https://swissbankinyourpocket.com/bitvault/ https://swissbankinyourpocket.com/bitvault-apps/]https://swissbankinyourpocket.com/bitvault-apps/ https://bitcointalk.org/index.php?topic=2152534.0]https://bitcointalk.org/index.php?topic=2152534.0
JOIN US ON REDDIT : http://www.reddit.com/EncryptionOfThings]www.reddit.com/EncryptionOfThings JOIN US ON SLACK : [url=https://join.slack.com/t/eot-coin/shared_invite/enQtMjc3NzkxNzY5NzQ0LTFjMWI5NTJjOGEzYjU5ZDk0ZjRjZWE3MzBkNmI0MmQ2NTUzMTBkOGQ1YmEyNTllMmNiYzA3MGZjOGVmY2IyZGU
The EOT Token is trading on the Waves Platform, TOKENS are 1:1 image of EOT coins, EOT coins can be converted to tokens and vice versa using gateway service in SBIYP hardware wallet. if you do not have that hardware wallet, you can contact members on slack who have purchased SBIYP to do that swap for you.
TOKEN DETAILS
Name : EOT Token (Verified)
Identifier : GdnNbe6E3txF63gv3rxhpfxytTJtG7ZYyHAvWWrrEbK5
Total supply : 100,000,000
EOT token (EOT) markets added on the Tidex Exchange https://tidex.com/exchange/eot/btc https://tidex.com/exchange/eot/waves
EOT Coin details (currently minable)
https://github.com/EmbeddedDownloads/EOTCoin
windows wallet[/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v1.0.0.1/EOTCoin-win.exe
windows Desktop wallet[/b] https://github.com/EmbeddedDownloads/EOT-Coin-Windows-Desktop-Wallet/releases/download/1.0/EOTCoinDesktopWallet1-0.zip
MAC Wallet [/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v1.0.0.1/EOTCOIN-Qt-OSX-v1001.dmg
WEB wallet [/b] http://eot.digital (Closing, please withdraw your coins)
ANDROID wallet [/b] https://github.com/EmbeddedDownloads/EOTAndroidWallet/releases
Block Explorer [/b] http://www.eot.digital:3622/
Block Explorer 2 [/b] http://www.eotcoin.info (created by [b]@Luanptit[/b])
[Block reward [/b] 100 Coins, [b] ALGORITHM [/b] SCRYPT, [b] BLOCK TIME [/b] 90 seconds
MINING POOLS
Official mining pool [/b] http://www.eot.digital:3001/ Getting Started [/b] minerd -a scrypt -o stratum+tcp://www.eot.digital:3256 -u WalletAddressWhereYouWantYourMiningCoins -p 1
unofficial Mining pools http://www.altminer.net
http://antminepool.com
http://coinminers.net/
http://www.vivocryptopool.com
[red]Currently EOT is traded on WAVES DEX, Crypto-Bridge DEX and TIDEX. Big exchanges will be available soon, exchanges are in comkmunication.
Opportunities are available with EOT - from Development, Mining, Trading as well as other business opportunities built around the EOT currency and the "Encryption of Things"
[size=34px]Bitvault on Yahoo Finance https://finance.yahoo.com/news/bitvault-worlds-first-blockchain-phone-201600279.html [/size] [center][img width=770]https://i.imgur.com/UMIlRoC.png[/img][/center]
[center][size=30px]Press release 4th October 2017 [/size] [size=30px]yahoo Finance https://finance.yahoo.com/news/bitvault-announces-london-launch-161000826.html?soc_src=community&soc_trk=tw [img]https://i.imgur.com/mBDZnN7.png[/img]
Some Helpful Information
[quote author=Story777 link=topic=2091616.msg21890405#msg21890405 date=1505551168]
You have been keeping a great secret.
I've been doing a bit of research with the technology behind this coin. It looks like ALOT of research has gone into this tech, since about 2004 and shortly after a patent for this P2P system was quickly issued.
Bitvault (https://swissbankinyourpocket.com/product/bitvault/) who are using the worlds first blockchain phone as a secure communication device and ultimately taking [font=Verdana][b]encryption[/b][/font] to the Internet Of Things (IoT) keeping our personal and business data secure. All this is done using [b]EOT coin [/b](Encryption of Things).
In todays world insecure devices are rampant. Here are a couple of links about the CIA being able to use insecure devices to 'cause accidents' http://www.sandiegouniontribune.com/news/cyber-life/sd-me-wikileaks-cia-20170307-story.html and https://www.washingtonpost.com/news/innovations/wp/2017/03/08/what-we-know-about-car-hacking-the-cia-and-those-wikileaks-claims/
It's scary to think a legal entity could posses such power over life. Just the mere fact alone the governing authority can request phone records (e.g. txt msgs, voice msgs or eavesdropping) proves most if not all telecommunication companies do not encrypt, otherwise whats the point on requesting the information!? (legal or not).
Commercially sensitive information needs to be protected and most importantly in my opinion our [font=Verdana][b]rights[/b][/font] and the privacy of all citizens of the human race need to be protected.
From my understanding BitVault is a platform for reference data. This would be data that is stored for compliance reasons such as e-mails, invoicing systems and check imaging (e.g. high quality imaging for x-rays, MRI scans etc) and a prototype was developed in 2004. This would means massive amount of data storage is required with fail-safe systems so a authorised user could access this information very very quickly.
Three goals were needed to be achieved: Low cost, high reliability/availability and simplicity. This is the birth of Bitvault via EOT.
Bitvault ultimately stores immutable objects with each new version being updated and identified with a 160-bit key.
System stability is very important and must be immune to failure sequences. Parallel repair via indexing is one of the many strengths Bitvault has been able to demonstrate.
BitVault is a back-end system that uses [u][b]Applications[/b][/u] to catalog object ID's. Using a catalog utility and indexing within an application prevented scalability bottlenecking under heavy loads.
Fast forward 3 years to 2007 a very important decision was to [u][b]decentralise[/b][/u] BitVaults system. This in my opinion is one of the fundamental principles of cryptocurrency - [u][b]No one entity or person has any control of the data stored and only the authorised user can access this info[/b][/u]. Ultimate Security and thus personal safety (see above articles CIA hacks). BitVault using applications have been able to use provable communication and data storage with ease of retrieval with vital security measures.
BitVault is not alone in researching solutions for security for the IoT, such as Venti and the like are making progress, however, BitVault is 'head and shoulders' above the few competitors and are already offering practical working solutions on the market with huge scalability that is cost effective.
Well Done BitVault, well done EOT your secret is out and let the world embrace.
author=Story777 link=topic=2091616.msg21462424#msg21462424 date=1504428317]
I have had a response in Slack and it has satisfied my questions. Thank-you.
For everyone information here it is:
The currency was created with 200 Million EOT total supply on 7 July 2017 [ we showed it to the community a London Fintech week with the demonstration of the BitVault - fintechweek.com ]
100 Million was pre-mined and another 100 Million are currently being mined, 1 block every 90 seconds @ 100 coins per block.
So the pre-mined coins were listed on waves as a token so that it can create a market for the coins while we are working to get listed on other exchanges.
The 100 Million coins listed were distributed in several ways. Firstly, this was not an ICO because our business is already funded via private capital. We wanted to get the currency distributed a widely as possible. So most of the initial coins were given away to a number of interested parties. We distributed this to our whole development team, business partners, employees as well as to the waves and other communities. So we did not sell all these coins for the current price, most of it was given away for free to people that have an interest in our products and business. The price now is formed by whoever owns these coins.
The tokens on the exchange is really a representation of the currency and as such has value because it can be interchanged, just like Bitcoin and Ethereum are on the waves exchange. This whole process is explained on page 4 of the waves whitepaper, I think they call it an asset-to-asset exchange which makes it possible to list any asset that exist on waves. Unfortunately waves only has gateways currently for Bitcoin, Ethereum, Waves, Euro and USD, so we have to develop our own gateway, which will be available on Nov 1.
So to clarify 100,000,000 tokens costing $190M were not sold. It is a combination of airdrops, private sales and sales on the exchange.
Some EOT coins are needed because: "A lot of EOT will be distributed through our devices. For example our encrypted routers are pre-loaded with EOT, so we need that stock and it will be distributed that way".
And with the response to tokens on the Waves Exchange "This is how Bitcoin works on waves: - They created 21 Million BTC Tokens.. When you deposit Bitcoin into waves account, you receive an equal amount of tokens which you can either trade or even sent via the waves blockchain to another user.. Once you withdraw your tokens are exchanged for BTC and you receive it back into your BTC wallet.. Exactly the same for USD or EUR - You don't send Euro's to another client on waves if you transfer - you send a token that represents EUR -- This works exactly the w0083".
These are the answers I was looking for and make a lot of sense now. This is indeed an exciting project. :)
It's time to trade....
Now I have one question left....
Is there anyone using NiceHash to mine this coin?? I keep being disconnected because of the difficulty being too low. Can any one help?
[quote author=Shews link=topic=2091616.msg22876983#msg22876983 date=1507755312] EOT (coin) is now tradable on the CryptoBridge Decentralised Exchange, you can sign up below.
Please note this is for the EOT COIN ONLY, do not send tokens to this dex. This is a secure means to trade with the backend being on a blockchain. It is still in beta stage but has been working flawlessly so far. If you'd like more info I will post their website link is below.
https://wallet.crypto-bridge.org/?r=388691
You can sign up with a local wallet mode, meaning you are the only one with access to your keys, this is most secure. There is also the option to sign up with and account if you require access to you funds on the go.
More info:
https://crypto-bridge.org/
submitted by johningreece to crypto_currency [link] [comments]

A New York Coin Development Vision: How BTC could be 'powered by NYC' via Lightning Network

Preface
Lightning network offers slow congested chains, like Bitcoin, some scaling relief, so it's become known as a scaling solution. It may end up becoming far more famous as the best supported atomic swap technology to come into being. A big chain like Bitcoin has little incentive to help its users move to smaller faster chains smoothly, so Lightning is almost a trojan horse that can dramatically improve accessibility of all altcoins that also implement lightning networks.
Atomic swaps will let you trade from one chain, say bitcoin, to another with lightning network, let's say litecoin, without using any centralized repository like an exchange full of arbitrary rules and limits and fees that capture your money in their insecure coffers that are a big centralized target for hackers. But atomic swaps won't always be just a less frustrating way to move between chains, as they streamline, they'll transform the way we think about chains and shrink the space between them.
Imagine pre-exchange crypto as pre oceanic shipping earth. Different chains might as well be different continents, only occasionally connected by land bridges. Then came sailing (exchanges). You could move back and forth, but it was slow, restrictive and expensive, and sunken ships took a lot of gold to the bottom of the ocean (mt.gox, nicehack). Imagine atomic swaps, be they Lightning network swaps or some other solution like blocksnet or barterdex, as mail and parcel delivery by air and rail, time and costs shrink again.
My vision is of a later version of Lightning network that's basically the internet itself. You don't even need to package your letter, you can communicate right to the computer in someone's pocket a world away. The ease of moving between chains will increase dramatically, and the first chain to position to take advantage of that, to not merely be exchanged through swaps, but to power another chain using them, will prosper enormously.
Vision
Once upon a time around the late '90s or early '00s, there was dominate search directory called Yahoo!, recently defunct, that was most people's first stop when looking for new websites. Yahoo! decided to outsource their site's search engine to an unknown little company named Google, and many people's first experience with Google in those days was a little tagline by the Yahoo! search box that read: 'powered by Google'. In just a few years, everyone's first stop to the internet was Google itself. Powering Yahoo! was Google's platform to a direct connection with web users, and they used that platform to take over the world.
New York Coin can power Bitcoin with the same intent, using an ever more streamlined Lightning Network, and essentially operating as a lightning network and scaling solution for Bitcoin by pitching to payment processors and large retailers to move their received bitcoin transactions through lightning channels out onto the NYC chain. Rather than off chain transactions that traditional LN scaling offers, we'd be offering cross chain transactions that retain the benefits of the public ledger. Off bitcoin's chain, on ours.
As payment processors and retailers began to use us, our accessibility and visibility to ordinary users would grow just as Google's did, as those payment processors would already be primed and ready to receive NYC directly, rather than trading to it only in the background. The whole vision dovetails nicely with NYC's local penetration as well, as you can ask local retailers whether they want to accept BTC at great cost and slow speed, or cut out the middle man and use the coin that powers the fastest BTC transactions directly: NYC.
The vision also works with NYC's branding. The way New York City powers the world's economy, New York Coin can power the world's blockchains. A nimble, low maintenance blockchain like NYC can take BTC's overflow and fee avoidance traffic and use it to grow into a serious competitor in its own right.
Step 1 We probably need to deal with NYC coin supply issues. First bitcointalk thread says max supply = 10B, first github says it's 100B, and current supply according to website is 130+B, so something is amiss. A fork has already been imagined to deal with this, and it's probably an important step.
Step 2 Segwit and Lightning. I would personally donate 50,000NYC to a credible developer who could update NYC to support the lightning network, test it on a testnet and implement it as Lightning develops further. I know that isn't much, but I'll also do all I can to encourage others to donate and I expect the value of NYC to rise greatly not merely on implementing the tech, but doing so with a vision of how to use it, so a dev that hodls could do quite well.
As long as we'd be getting segwit addresses and need a new prefix, may I recommend 'NYC' as the prefix instead of 'R'? It's an opportunity to extend the branding.
Step 3 Support as many decentralized exchanges as possible. I know blocksnet requires OP_CHECKLOCKTIMEVERIFY and I don't know if NYC has that. I don't know what Barterdex will require. These solutions seem to require using a 3rd blockchain as intermediary, which is not ideal, but right now NYC can build a brand of accessibility while waiting for Lightning Network to develop into a more universal atomic swap option, and early adopters at the new decentralized exchanges can build brand awareness by showing up before there are too many coins there.
Step 4 Increase NYC security. We'll get more miner simply by having some success and growing in price, but you want to be at the top of your algorithm or else you are vulnerable to attack. One tiny litecoin pool could 51% attack NYC right now, and fairly recently Bitconnect coin on Scrypt was successfully attacked on scrypt while it held an enormous hashrate, so only the top dog per algorithm is secure if you only use one algorithm. Digibyte has a 5 algorithm solution that requires 51% of 4, and 93% of a 5th in order to pull off the same attack, and so they're able to get a lot more security per hash than most coins.
If payment processors, large retailers, maybe even banks are going to rely on us, we can't get taken down by attacks like that. We should seriously consider importing digibyte's multi algoritm security.
Step 5 Be an early leader in Bitcoin fee avoidance. People already avoid fees by moving to litecoin in exchanges, sending litecoin to new location and then sometimes even converting back to bitcoin. Early lightning network won't be much less inconvenient than exchanges are now, but the more we brand NYC as a faster alternative, and to avoid fees in between various stops, the easier it is to position it once moving from one chain to another is more like changing lanes on the interstate than parking at an airport getting on a plane and flying over an ocean.
We should also invest as much as possible, in the far future (late 2018, 2019) in helping to smooth out how easily lightning channels let users go back and forth between congested chains like BTC and NYC.
Conclusion
I've pitched this before, to Digibyte, both because they're a fast nimble chain, and because of their 5 algorithm security. But they want to do digusign and Internet of Things. NYC seems like a coin in need of a long term mission, and I believe acting as Bitcoin's backbone can provide that purpose while complementing NYC's more short term goals of local New York adoption. Given New York City's status as backbone of the world financial system, NYC's branding is compatible with being Bitcoin's backbone.
So I offer this vision to you. I'm willing to donate to a credible developer who shares this vision and seems capable of implementing segwit and lightning, I'm also willing to try to persuade other users to donate as well and help them understand the importance, for whatever that's worth. I don't really expect you guys to adopt this, or probably even read my wall of text, but I wanted to take a shot. I've encouraged others to contribute as they can, and this idea is the most valuable contribution I can make. It's a good idea and someone is going to do it. Might as well be us.
TL;DR As lightning network develops and atomic swaps get smoother, it could become smooth enough so that one chain like NYC could power another slower more congested chain like Bitcoin, and we could grab their overflow very smoothly while building our own profile greatly. Bitcoin wants Lightning Network for scaling, we could use it to have easier accessibility to Bitcoin users and payment processors and retailers. All bitcoin's successes could become partly ours as well. There's no sense in refighting every battle bitcoin has already fought when we could use lightning atomic swaps to reach everyone they can reach instantly.
Update: Segwit/lightning have been added to the NY Coin roadmap here: https://nycoin.community/roadmap.html
Donation Pledges To the New York Coin Community Development Team to support implementation of segwit and lightning, send to RGpAYLk2CtsLvBQBENQyNUhJyF8QH2zC53
OfficialEarthfunds: $4000.00 nodecache: 250,000 NYC kevinq260: 30,000 NYC dwilkes827: 100,000 NYC kuch167: 50,000 NYC Craig8601: 50,000 NYC NewyorkCoinFrance: 100,000 NYC ParticularWalk: 95,000 NYC franklin_d_turtle: 50,000 NYC kd006: 100,000 NYC Cruiz9: 100,000 NYC bobbelslob: 50 NYC 
Matching donations from Tnyc2477! Up to 1,000,000NYC in matching donations! Multiply the impact of your donation. Thanks Tnyc2477! total matched: 675,050 NYC
matched kevinq260: 30,000 NYC matched dwilkes827: 100,000 NYC matched kuch167: 50,000 NYC matched Craig8601: 50,000 NYC matched NewyorkCoinFrance: 100,000 NYC matched ParticularWalk: 95,000 NYC matched franklin_d_turtle: 50,000 NYC matched kd006: 100,000 NYC matched Cruiz9: 100,000 NYC matched bobbelslob: 50 NYC 
Total pledged: 1,500,100 NYC and $4,000 from earthfunds
submitted by nodecache to NewYorkCoin [link] [comments]

Where To Find a Winning Cryptocurrency - Bitcointalk.org + CoinMarketCap Bitcoin Talk Show - YouTube Bitcoin mining script-hack unlimited btc How to Crypto: Guide to BitcoinTalk for ICOs How to Crypto: Guide to BitcoinTalk for ICOs - YouTube

Nein, zum Zeitpunkt unseres Bitcoin Bank Tests gab es noch keine Bitcoin Bank App. Das ist schade, denn viele Trader legen großen Wert darauf auch unterwegs barrierefrei auf ihre Coins zugreifen zu können. Was den ein oder anderen Anleger beruhigen dürfte: Der Webauftritt von Bitcoin Bank ist für mobile Endgeräte optimiert. Also können die Kunden auch von unterwegs über ihr Smartphone ... Bitcoin uses a scripting system for transactions. Forth-like, Script is simple, stack-based, and processed from left to right. It is intentionally not Turing-complete, with no loops. A script is essentially a list of instructions recorded with each transaction that describe how the next person wanting to spend the Bitcoins being transferred can gain access to them. The script for a typical ... BitcoinTalk; Twitter; Facebook; Bitcoin-sCrypt Coin (BTCS) Peer-to-Peer Digital Money. Proof-of-Stake Coin Staking. Use BTCS to generate BTCS. Fast Transactions . 3 minute transaction blocks. Decentralized Blockchain Voting. Vote on Development Issues (Coming 2021) Low Fees. Send money cheaply. Censorship-Resistant Messaging. Decentralized Messaging (Coming 2021) ASIC-Resistant. Kimoto Gravity ... Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. Who is online. In total there are 14 users online :: 1 registered, 0 hidden and 13 guests (based on users active over the past 5 minutes) Most users ever online was 851 on Thu Apr 16, 2020 12:01 am Legend: Administrators, Global moderators

[index] [22888] [48734] [40540] [15911] [22983] [24084] [25818] [7335] [4372] [47747]

Where To Find a Winning Cryptocurrency - Bitcointalk.org + CoinMarketCap

comment if any one need this,charge=$150 A great way to make money from the site free bitcoin You can get a script to Fast earn and profit from the internet This site has no competitor yet It ... Subscribe == https://bit.ly/2MjhXFM == With the crypto bull market making its way, you may want to look for some underdog cryptocurrencies. Using bitcointalk forum and coinmarketcap you can browse ... BitcoinTalk.org is the main Bitcoin discussion forum for tech support, mining, development, and economics. BitcoinTalk helped bring bitcoin to life by connec... How to Crypto: Guide to BitcoinTalk for ICOs Cointelegraph launches a series of guides to different useful tools for the crypto community. Newbies, experienced adherents and even gurus could find ... This is the first part of a more technical talk where Andreas explores Bitcoin script, with examples from the 2nd edition of Mastering Bitcoin, focusing on the use of conditional statements, flow ...

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