Stripe is Withdrawing Support for Bitcoin Payments Miner ...
Stripe is Withdrawing Support for Bitcoin Payments Miner ...
How to Mine Bitcoin on PC Fintech Zoom
Bitcoin-Halving 2020: Alle Fragen und Antworten, die du ...
Bitmine v2.0- Advanced Bitcoin Mining Platform by ...
Bitcoin Miner VS Stripe - Bitcoin - Bitcoin Technologies ...
Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
Happy Tipping Tuesday! Now that this sub is the main Bitcoin sub in terms of activity, it's time for everyone to get some Education and some free Bitcoin. Post here and get free bits! Bitcoin Cash will defeat the legacy banking oligarch system!
As someone who cares about Liberty and freedom, I have instinctively understood the importance of Bitcoin for spreading economic freedom across the globe. Being sick of the legacy too-big-to-fail central bank fiat bailout scam systems where they print the money from thin air, I saw Bitcoin as a tool that can really liberate humanity and help us reach our ultimate potential. The fact is economic freedom improves this world, and the stakes are very large. We are fighting an oligarch banking system that prints money out of thin air, holding back humanity's potential with their scam system that only works to enslave and not liberate humanity. In the past people fought for liberty and gave their lives on bloody battlefields. Today we fight troll wars on social media, but the stakes are quite similar, if not multiplied in this new technological age. By supporting Bitcoin and Satoshi's vision of a worldwide honest cash system, its one of the only ways to help lift humanity up to our ultimate limitless potential. The oligarch's saw this threat which is why we are under heavy attacks. They stole Bitcoin and the ticker, and crippled the system with high fees, unreliable transactions, and Trojan horse tech, but Bitcoin Cash adapted, survived, and lives on as the common sense continuation of the money ledger. It turns out that its not so easy to stop an idea whose time has come. Bitcoin Cash is the true Bitcoin that follows Satoshi's vision of common sense and on-chain scaling. BCH is The Manifestation of the Honey Badger. Trolls will point to market cap and say BCH is losing and not the real Bitcoin. However they fail to understand the nature of the war we are fighting. Bitcoin is all about breaking oligarchy, as nChain's paper explains. We are fighting against a banker oligarch takeover of Bitcoin. Since they print money from thin air, they have us outgunned when it comes to market capitalization/price. This is what the trolls do not understand. To think that the oligarch bankers that control the money monopoly would not try to attack the Bitcoin system would be naive. It appears they have pumped the BTC-Core price to outrun Bitcoin Cash the real Bitcoin as soon as their trojan segwit tech was deployed. They likely will use segwit, strangled blocks, and Lightning Network as the strangler fig to usurp the system changing it to fiat legacy banking system 2.0. What they don't want people to realize is that Bitcoin was always the underdog against fiat systems. Just because they usurped the name and BTC ticker for their fiat 2.0 system it does not mean they are winning the war. Its a clever tactic sure, but BCH is still the #1 cryptocurrency by market cap in the world, they have shifted some shells around in trickery, but Bitcoin-BCH is still fighting as the underdog against the oligarchs as it always has. Not only this but the numerous problems in Lightning are acting as a bottleneck for development on Core. All this while BCH development is soaring with things like memo.cash, blockpress.com, cashshuffle protocol, chainbet protocol, SLP token protocol, colored coins, tokeda, and much more. Now that we have solved the scaling issue we can finally build again. All this while numerous services like Dell, Steam, Reddit, Rakuten, Stripe, Circle, Microsoft, Fiverr, Satoshidice, Changetip, Expedia, and many more stopped accepting Bitcoin Core, while Coinbase, Bitpay, coins.ph, satoshidice, tippr, purse.io, dark web all are adding BCH support. They thought they could use censorship to shut us up. But now we are seeing that free speech is more popular than censored cult subreddits. We are battling some powerful oligarch interests. But they have vastly underestimated the spirit of the Honey Badger. There is a reason there is so much COINTELPRO trolling and dirty tricks being done to Bitcoin Cash and its supporters. There is a reason they need to use vote manipulation, shaming and bullying tactics, censorship, and dirty tricks to try to get us to shut our mouths. The truth is they are terrified of Bitcoin Cash and Satoshi's vision, which is why they need to use such tactics. They are doing whatever they can to pen the Honey Badger up in sheer desperation and terror that it will soon break loose ripping them limb from limb and devouring them whole. I would like to mention that the recent turmoil in the BCH community over a November fork with different factions fighting each other is on a lot of people's minds. Some newbs may also be wondering about what is going on. They may be falling into the Fear Uncertainty and Doubt that is being pushed by a lot of Core trolls, as well as some genuine members of the BCH community. I would like to point out that these disputes are actually healthy. We don't want a system where one person or group controls things. We want a system where people are fighting for control. Its an economic incentive system with different factions competing. This is what keeps Bitcoin robust and was the genius of Satoshi's design. We don't need to worry about the troll wars because we have Nakamoto consensus as the whitepaper says:
They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism"
Bitcoin 10 Years - Achievements, Lies, and Bullshit Claims So Far
Bitcoin Achievements so far:
It has spawned a cesspool of scams (1500+ shit coin scams, plus 100's of other scams, frauds, cons).
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who accept Bitcoin immediately convert it into FIAT.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
Any others ? (Please tell me).
Bitcoin Promises / Claims that turned out to be lies and bullshit so far:
Be your own bank (Exchanges)
No middlemen (Exchanges, lightning network, sidechains destroy this claim)
Decentralized (Core devs still massively involved, most hashpower in China, etc)
No transaction fees
Low transaction fees
Easy to use
Cannot be stolen
Cannot be hacked
Can be mined by anyone
Can be mined by anyone, even with an old computer or laptop
Cannot be centralized
A store of value
The best investment the word has ever seen
A great investment
Uses amazing new technology
Segwit will solve all of Bitcoin's woes
Lightning Network will solve all of Bitcoin's woes
Limited by scarcity
Can only go up in value
Price cannot crash
Has intrinsic value
Value will always be worth more than cost to mine
YOU CANNOT LOSE
Adoption by investors is increasing exponentially
Adoption by investors is increasing
Adoption by merchants is increasing exponentially
Adoption by merchants is increasing
You are secure if you keep your coins on an exchange
You are secure if you keep your coins in a hardware wallet
You are secure if you keep your coins in an air-gapped Linux PC
Will change the world
"the next phase in human evolution"
"Blockchain is more encompassing than the internet"
Blockchain can solve previously unsolvable problems.
"The only regulation we need is the blockchain"
"Bank the unbanked"
"To abolish financial slavery and the state's toxic monopoly on money."
"To have better tools in the fight against the state violence and taxation."
"To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
Will destroy / overthrow FIAT
Will destroy / overthrow the world's governments
Will destroy / overthrow the banking system
Will destroy / overthrow the world economies
Will free people from tyranny
Will give people financial freedom
Will bring world peace
Never going below $15K again
Never going below $13K again
Never going below $10K again
Never going below $8K again
Never going below $6K again
Is NOT a Scam
Hashing Power secures the Bitcoin network
Untraceable, private transactions
no single entity, government or individual, can alter or reverse its transactions
Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
1,000's of predictions of skyrocketing and/or never falling prices
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
XLMwallet basics: How Stellar lumens (XLM) work Last time (link), we looked at how Stellar manages to be so fast. It processes transactions faster than any other blockchain – and at the same speed as Visa or Mastercard. In this post, we'll take a detailed look at lumens – the cryptocurrency that fuels Stellar. As of now, Stellar lumens are no. 10 on the list of the largest cryptocurrencies on CoinMarketCap, with a capitalization of $1.8 billion, give or take. Sure, it's not much compared to Bitcoin's $135 billion or even Ethereum's market cap of $17.5 billion. But the numbers are misleading. In fact, some experts think that Stellar – and not BTC or ETH – could become the real digital currency of the future on the global level. It has some advantages that other coins lack: - Very high processing speed; - Almost no transaction fees; - Multicurrency support. The first thing you need to know about lumens is that they are not mined – they are minted. This solves a whole lot of problems. There's no need to waste energy on solving crypto puzzles, as in the Proof of Work. You don't need to design complex staking mechanisms to implement Proof of Stake. No gigantic mining farms, no government crackdowns on miners. Taking mining out of the equation was one of the best solutions that Stellar Foundation could make. Those initial 100 billion XLM were distributed to different organizations. The payment system Stripe invested $3 million in Stellar, so it received 2 billion lumens – or 2% of the whole emission. 50% were to be allocated to individuals who signed up with an invitation link – up to 300 XLM per person (about $18 at the current price). 25% are supposed to go to partners, 20% - to BTC and XRP holders, and the remaining 5% go to the Stellar Development Foundation itself. Now, the total supply of lumens is not the same as the circulating supply. Right now, there are about 21 billion XLM in circulation – that is, not held by the SDF. How is this number formed? First of all, Stellar distributes XLM gradually. So far about 9 billion lumens have been distributed through direct programs. The remaining lumens are stored by the Foundation for now, waiting to be allocated to new owners. Second, Stellar has a built-in inflation mechanism. New XLM are minted at the rate of 1% each year (1 billion XLM). Stellar was launched in July 2014, so 5 billion lumens have been minted so far. To get the available supply, we have to add up the 9 bln distributed to individuals and partners, 2 billion that were paid to Stripe, 5 billion that the SDF kept for operational needs, and 5 billion that were minted as inflation. The result is 21 billion (actually, it's about 20.9 billion). Stellar also has a very interesting mechanism of distributing newly minted coins. They are allocated to existing XLM holders, but there's a whole algorithm behind it. In our next post, we'll tell you all about lumens inflation – so that you know how you can stake some XLM in your XLMwallet and participate in these giveaways. Stay tuned! https://xlmwallet.co/ #stellarlumens #stellar #lumens #xlm #wallet #stellarwallet #stellarlumenswallet #lumenswallet #xlmwallet #xlmwalletco #blockchain #cryptowallet #money #stellarorg Web site - https://xlmwallet.co/ Medium - https://medium.com/@stellar_wallet Teletype— https://teletype.in/@stellar_wallet Twitter - https://twitter.com/XLMwalletCo
Hello everyone, As some of you have probably noticed I have been taking the time to try my best to help some of you answer some questions.
However there has been a lot of repeat questions lately so hopefully this will help. I will continue to update this as we go, please check back if you have any questions as I will try to update this frequently
If you have a question you do not see covered please feel free to comment and I'll add it and try to answer it. I have added a unresolved to the beginning of this FAQ. I will number them below. Please comment below with the answer, to help me identify which question you are answering please add. UR#(x) to your comment as well, with x being the number of the unresolved question.
Before we start I will get my disclaimer out of the way. I do not work with/for any of the developers of these programs. I do not have all the answers. Some of these are my best guess, others may be wrong or may have a better solution than the one I give. Please feel free to correct me if this is the case and I will edit as we go.
Set-up We have two text guides here by waffleflops one for awesome miner and one for multi mining pool. We also have a YouTube video guide by razorseal
So which one should I use? It seems like it depends on what you want from the program, Awesome Miner is more like Nicehash in the way it looks but can be a little more complicated. MPM is pretty simple but it has less customization for those not familiar with programming.
NX18: "I find MPM to be better. No stability issues, no funky windows service always running in the background, and it checks MPH for best coin to mine whereas AM checks whattomine.com and they differ significantly sometimes."
MPM also has a minimum dev fee of 10 minutes per day (even if you set donate to 0) whereas AM does not seem to have dev fees. Both I believe have fees included that go to the devs of the miner programs themselves. However these fees for the miner devs will be attached whether you use MPM/AM or solo miner with the miner dev programs anyway.
1. Anyone have solutions on crashing or very low Hashrates in sgminers with AMD GPU's in Awesome Miner? 2. Why is Lyra2Z using only 40% power from my GPU (GTX980ti)? Where/how can it tweak the settings? I believe this is having to do with Awesome Miner 3.I did not see it asked or posted but I am curious if there's a way to bench all gpus. Instead of selecting gpu 0 and benching, waiting until its done and moving on to gpu 1 and so on. I have 8 nvidia gpus, just wondering if there's a way to auto bench all of them in a row so I can walk away and go to bed, be done I'm the middle of the night.
General MPH Questions
1.Hashrate is not the same on my miner as it is on the dashboard? From MPH: "Hashrate showing on site is just an estimated value. Pool doesn't know about miner very much. It just collects certain "shares" which is some piece of hash that satisfies certain conditions. So don't worry, it's all about probability thing. Your hashrate on site can go up and down time to time." There is some luck involved when mining in pools it is like playing the lottery. NiceHash paid at a certain rate because you were not mining coins and getting paid you were getting paid for the hash you are providing.
2. Balances on MPH what are the brackets? The brackets are coins that have not yet been confirmed enough times on the blockchain. Any coins not in brackets have been confirmed.
3. How long will it take for my coins to show up, transfer to and from the exchange, be credited to my auto exchange coin?
I have been seeing a lot of questions about this so I made a flowchart which you can view Here
Short Answer: It depends could be minutes could be days Long Answer: It has to be exchanged first and then placed in auto-exchange balance balance. So you mine coin Coin credited but unconfirmed (this can take time depending on coin) Coin is confirmed and credited for auto exchange. Coin is then placed on exchange. So again has to be transferred and again has to be confirmed but on exchange side. Coin is most likely converted into btc then into auto-exchange coin at exchange. Then auto-exchange coin is sent back to your balance on mph. So again has to be confirmed before appearing. Depending on how fast a coin is confirmed will depend on how fast it appears in your balance. If you stopped mining today it your balance most likely continue to grow over time. However if you continue to mine it should in theory catch up and you will see you balance grow at a semi if not expected rate.
Supplemental:Forgive me if I'm misunderstanding, but this should mean it changes column, not disappears from balance entirely, no? You will not know exact balance until it is sent back over from the exchange. This is because of the fact that you are exchanging the coins against one another. If one coin is up and one is down you could be losing or gaining value depending on the situation. This is why it seems that coins on the exchange disappear without your auto-exchange coins balance going up right away. Reference question 8 for more info
4. What is the best coin to auto-exchange? This depends, just remember BTC has high transaction fees and can take some time to confirm. You will want to have a good amount of BTC before moving to your wallet to minimize the amount you lose to transaction fees. I personally use LTC, it is quick and transaction fees are low compared to BTC but can still be exchanged for fiat on coinbase. At the time of writing this, if you move BTC from MPH you will be charged a $4.96 fee, if you move LTC the fee to move to your wallet is $0.19
5. Can I hold on to certain coins instead of auto-exchanging them? Yes, just go to auto exchange on MPH and switch off the coin you do not want to auto exchange.
6. This dashboard sucks! Why do they not have a one page dashboard? Good news it is in the works, improvements are on the way so no need to keep posting about it!
7. Why is my coin not being exchanged? Two possible reasons A)On balances page it says "coins that don't have enough volume on exchange for a certain amount of time will not be auto exchanged to desired coin. These coins may be sent back as original coin or btc." B)On auto-exchange page. Mph accumulates coins so that they can be efficiently converted at the exchange. If a coins pool has not mined a certain amount it will not be sent over until it reaches the set number. It seems like it is transferred over to the exchange as one large amount instead of small amounts.
8. AwesomeMiner said I was going to make $X.XX dollars and when auto-exchange coins came in I made less than it said! Couple things, do not take to heart the exact number it gives you. It is not exact remember it is like a lottery. Remember your coins at first will trickle in over time but the longer you mine it will begin to average out. Remember you are exchanging coins for you auto-exchange coin this means if there is a decrease or increase between them you could gain more or less. Example if you mine VTC and auto-exchange into LTC. You send VTC to auto-exchange it will most likely be converted into BTC first. If BTC is having a good day that day and has increased in price by 30% and VTC has not grown well that day you will be trading your VTC at a loss. Then this same situation will happen again when converting the BTC to LTC. So again a bit of a lottery you may gain or lose some of your mined coins value depending on the exchange rate between the coins at the time.
9. Add more Cryptonight coins please. They are apparently working on adding new coins like Electroneum.
10. Why can't I auto-exchange BTC? My theory is that it is because BTC is not mined on MPH, remember the coins are sent to the exchange when they hit a certain amount in order to make it efficient. Because BTC is not mined on MPH it would not be efficient to exchange BTC to other coins once it has been credited to your account.
11. Do I need a wallet for each coin I mine? How do I set-up a wallet? No, only the coin(s) you want to get paid in. Click on coins pool on MPH and you will see a wallet option Add the correct address for each coin you want to be paid in, note you cannot use another coins address or you risk losing your coins. For example you should not put your Bitcoin address into your Litecoin wallet address section.
12. My wallet address keeps on changing, do I need to keep updating my wallet address? Take from Coinbase: This is done to protect your privacy, so that a third-party can not view all other transactions associated with your account simply by using a blockchain explorer to look-up an address they know to be yours. All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions.
13.Is there a easy way I can track my Profits/Hashrate/Workers? Yes credit to JaymZZZ Click Here
14. I click on manage wallet from the balances menu and enter my account number, I get the error saying Failed to update your account: Invalid coin address. Make sure you are adding the address to the correct coin. A bitcoin address for example should only be added to the bitcoin wallet, it should not be added to any other wallet. (Reference question 11)
15. Is there a fee for auto-exchange? Yes 0.2%
1. I do not want to mine that algo, I turn it off but it still mines it! Go to online services, edit, change profit switching from yes to no
2. Why is it mining something less profitable? Make sure you go to tools and then benchmark Make sure you right click and save hashrate occasionally it will improve your profit switching over time.
3. I can't get the miner to run? Did you exclude it from anti-virus? You may need to reinstall. Uninstall then in search bar type in %localappdata%\awesomeminer (delete this folder) Type in %appdata% go to awesome miner folder and delete this one as well Reinstall awesomeminer Do not run aweseomminer Go to anti-virus and exclude all folders with awesomeminer (including the ones in the local and appdata folders)
5. Can I do anything to make improvements? puch0021:You can use VertMiner (which is what is used by OCM) to increase your hash rate compared to AwesomeMiner's default CCminer. You have to choose it for Lyra instead of CC miner. See: http://www.awesomeminer.com/help/managedsoftware.aspx Download Vertminer and extract software. Go to awesomeminer's options -> managed software -> add new user defined mining software: Type in VertMiner for description, full compatibility mode, and compatible software as CCminer. Everything in the algorithm should be disabled expect Lyra2ReV2 which should be enabled. Double click in under defined command line argument and add lyra2v2 as text. Click ok. Go to profit profiles in awesome miner. Select nvidia GPU and edit. In the mining software list there should be a new VertMiner entry. Check this box to enable it. Then click configure and then under path click browse. Click local. Select the Vertminer folder you previously made. Now whenever lyra is called for, vertminer should be used. If you try to bench mark with this enabled, it will fail but it works for mining. You can then use your mining results to manually edit your profit profile value for Lyra2REv2 (that was otherwise has the old value for ccminer.) On my 1060 it went from 21 to 22.8. Keep in mind vertminer takes 2% dev fees but it still works out to be faster than cc miner. let me know if this was any help! I used one click miners vertminer since it was already installed.
6. Whenever Awesome Miner starts on a new algo and opens new instances of the CLI miner application/s, the window steal the focus from whatever you're doing. Anyone else super annoyed by this? Anyone know of a way to prevent this? Stop mining, click more, properties, environment, console window mode, hide window, start mining again.
1. I see a yellow stripe wich says multipoolminer is between 7% and 17% more profitable, which is nice. under this strip I see 2 lines with miner, BTC and Euro. (in my case) which of those btc values end up on your miningpoolhub balance? or both? NX18:" Neither. Those values are best guesses by that script, hence why beside the dollar figure it shows the +/- variance which sometimes is really high like 25%, meaning that scripts best guess could be wrong by that much" It is showing the 2nd best, If it is not the best at the time it will not show that text and just give you the comparison.
2. It keeps say NiceHash API failed what should I do? You can ignore it or as chillfisch points out that you can just delete the nicehash folder to get rid of this warning.
Kava is revolutionizing loyalty programs for video game producers with the launch of Kava Coin (Symbol:KAVA). Players earn Kava Coins for simply playing our highly rated game titled CasinoLife Poker available on Apple, Android and Facebook app stores. We spent a significant amount of research effort in evaluating Ethereum as a potential technology platform. Ethereum’s Smart Contracts feature was particularly interesting making it a leading candidate for our evaluation. We built a prototype implementing an ERC20 based loyalty program where players were rewarded with Kava Coins, our cryptocurrency tokens, for participating in our ecosystem. Fortunately for us, four major developments occurred in the Ethereum cryptoverse during our evaluation period in January 2018. The first one was the rapid rise in the popularity of Ethereum as a currency. The meteoric rise in value of Ethereum directly impacted the cost of “gas” or the price per transaction. In January 2018 the average transaction cost for an Ethereum transaction was an astounding $4.15. The rapid rise of Ethereum as a preferred platform for thousands of Initial Currency Offerings (ICOs) and for building distributed “dApps” applications drove these transaction processing times to rise dramatically. Due to the underlying architecture of Ethereum, the network is limited to processing 10–15 transactions per second. The average transaction time in January 2017 was about 15 seconds. On busy ICO days a transaction fueled with nominal “gas” could wait minutes and hours for processing. Popularity of games such as Cryptokitties further accentuated the scaling problems of Ethereum. In December 2017, 13% of all transactions on the Ethereum network were attributed to Cryptokitties trades. Finally, the crypto world was abuzz with several scams and social engineering hacks that led to many notable thefts for companies choosing to launch their tokens on the Ethereum network. We did note that none of these high profile heists were attributable to the core technology stack. Lapses in the authoring of smart contracts or other non-crypto exploits surrounding the token launch event were usually responsible for these heists. Loyalty programs by their nature are simple microtransactions. Customers receiving loyalty rewards expect instant gratification of the rewards. High transaction costs, latency and the complexity of Ethereum led us to research other solutions such as Neo, Tron, Waves and Stellar. Stellar’s feature set and long term vision addressed all our requirements and concerns making it an easy decision for us to build our player loyalty rewards program on the Stellar network. Transactions on Stellar execute within 3–5s and are fixed at 0.00001 XLM per transaction. As of April 19, 2018 a single transaction on Stellar costs $0.0000036 or 280,000 transactions per 1 USD! Another plus of Stellar is that transactions are not subject to bidding as they are in the Ethereum or Bitcoin protocols. Stellar has a simple token authoring environment limiting the degrees of freedom in implementing business logic in the token definition. In our opinion this is a positive given the simplicity of our use case and our preference for de-coupling the business logic from the token definition. Stellar’s Consensus Protocol is in stark contrast to that of Ethereum and Bitcoin’s Proof of Work algorithms. Becoming a participant in the Stellar Consensus Protocol requires far less computing and financial investment than becoming a Ethereum or Bitcoin miner making it feasible for new participants to join the network. Submitting transactions and interacting with the Stellar network just requires internet access and does not require Stellar or other participants to download a full blockchain or maintain a node. Stellar has a vibrant and rapidly growing community that continues to influence it’s roadmap. We were pleasantly surprised when we learned about Stellar’s efforts of evangelizing the technology. They have some amazing employees who are super helpful and generous with their time and resources to help and guide companies looking to launch their tokens on their network. With the leadership at Stellar and the support of companies such as IBM, Stripe, Khosla Ventures and others, Stellar appears to be in great hands and well poised for growing it’s network of anchors, partners and token launches. Our journey over the last few months for launching Kava Coin on the Stellar network has been quite uneventful barring some minor hiccups. Our confidence in Stellar as our core crypto stack continues to grow as we get closer to our full launch in late April.
Our blog has a longer post on the subject, but the ultimate answer is that GPU mining is very insecure. For the vast majority of GPU mined coins out there (including Sia), it is the case that there are multiple, if not many, individuals who operate enough GPUs to execute a 51% attack against the coin all by themselves. There are some very large Ethereum GPU farms out there, and they are a threat to all small GPU-mined coins. (our market cap is a factor of 50 smaller than Ethereum - we are a small coin). And it's not just Ethereum farms to be afraid of, there are massive GPU farms dedicated to machine learning as well, and other big-data related use cases. All of those are potential sources for a 51% attack. Even worse, if the price of the coin tanks following such an attack, the attacker has nothing to lose, because the core purpose of their hardware is unrelated to Sia, and unaffected by a change in price. Though it sounds terrible and unintuitive, a single centralized entity running ASICs would be a much more secure situation than this. Because with a single central ASIC entity, you get two huge advantages:
There's only 1 entity capable of performing a 51% attack. This is much better than having multiple entities that are each individually capable of performing a 51% attack.
If the price of the coin falls, the entity that has all of the hardware loses a lot of money. That hardware isn't good for anything besides Sia mining, so that entity is quite invested in propping up the siacoin price.
We chose ASICs over GPUs because even the worst case scenario is more secure and better for the coin than the situation with GPU mining. But we also did not want a single entity owning and operating all of the ASICs. That's when we realized, if we were ASIC manufacturers ourselves, we could guarantee that at least one entity is selling chips to the larger community. The unfortunate fact is that either way, there is going to be a small number of chip manufacturers who have the power to sell chips to the community. Even so, this is a better situation than what you get with GPU mining. We are making ASICs so that we can guarantee the first batch of ASICs will make it to the Sia community. Without that, we have no idea if the first batch of ASICs will be sold to the public or hoarded by some greedy investors who were able to pay the full price of manufacturing up-front.
Why are you doing the presale so early?
We, put simply, don't have enough cash even to do the early development of the chips. We need financing to pay for chip development. Traditionally, we would find some private investors, have them front some millions, and in return promise them a very good deal on some hardware. The private investors would get the first stab at buying ASICs, they'd get a huge chunk, and they'd get them at an exclusive deal for taking on the risk early. We actually had private investors come forward offering this to us, with enough money to fund the full development and manufacture of the first batch of chips - this isn't a hypothetical, it's a real offer that the Sia team received. This didn't seem fair to us. When we finally did get to the point where the miners were ready to be sold to the community, we would have to offer the community a worse deal. Less risky, but ultimately it would mean that the community was excluded from the opportunity of participating early, and the result is a huge chunk of the chips going to some private investors. Such a situation is still better than GPU mining, but it didn't seem like the best that we could do. We felt that we could do better by opening the early presale to everyone.
Why not accept credit cards?
Payment processors are not friendly to Bitcoin products. We contacted Stripe and were told point-blank that they would not process payments for cryptocurrency miners. We appreciate everyone who pointed us towards Stripe as a bitcoin-friendly company, but they gave us a direct no. Paypal has a long history of freezing merchant accounts with little warning, and when they do so they freeze your existing money in addition to freezing incoming payments - we would be unable to pay our bills if Paypal did this to us, and it would unquestionably cause delays. Visa and MasterCard are not much better in terms of track record. Losing access to our accounts would unquestionably cause delays. ASIC hardware is already well known to suffer from serious delays, and we need to limit our exposure to delays. We are in an industry that is unfortunately fraught with fraud. With revenue-generated devices such as miners, criminals are much more likely to try to target these devices as a way to cash in on stolen credit cards, stolen identities, hacked bank accounts, etc. The fraud rates are staggering, and as a result most payment processors outright refuse to deal with it. We are aware that Bitmain is partnered with Paypal, though we don't know the details behind how that came to be.
Why not accept Siacoin?
This was a harder decision. We could quite easily choose to accept siacoin, however we fear that Siacoin is not ready to handle such a massive presale. The market cap and daily volume of Bitcoin is a factor of 100 times as large as the Siacoin market cap and volume. Moving millions or tens of millions of dollars through Bitcoin is not likely to make much of a dent. Siacoin on the other hand, a sudden sell order for millions of dollars would likely tank the price. That not only means the ecosystem is unhappy with us, it also means that we might only be able to sell $2499 of siacoin for $2200. A lot of people have accused us of not having confidence in our own coin. Unfortunately, this is true. Even at a $500 million market cap, Sia is not ready to handle a presale of this size. It's a pragmatic decision based on the fact that we don't want to dump our own coin. We know that people will be selling siacoin to buy the miners anyway, but we still feel that this situation is much better than us accepting siacoin directly. This decision was a disappointment for us as well. We would love to accept siacoin, and if we weren't talking about processing millions of dollars in a single day, we absolutely would be accepting siacoin. And, as Sia continues growing up, the concerns above will become less and less.
What about this 5% gains/losses stuff?
Our intention was never to play fishy financial games with our users, and honestly this isn't even something that crossed our minds as a potential problem point. I think a big part of the issue was that people did not realize we will be converting to US dollars as fast as possible - we will be doing the conversion in minutes or hours as long as we can keep up with the order volume. The rationale is very simple. If the price plummets before we are able to convert the Bitcoin, we won't have enough money to create the hardware. We really don't expect this to matter, because we don't expect the price to swing by more than $100 (which is what would be required) in the few hours that we're going to be sitting on the BTC. If it does, we'll need more coins or we can't produce the hardware - our costs are in dollars, which means we need to end up with the right amount of dollars in our account at the end of the day. The original stance on not returning gains was also very simple. There's no transparency into when we sell the coins. If we sell the coins within 60 minutes of receiving them, and then 4 hours later there's a huge surge in the price, we will almost certainly have users emailing us and posting about how we owe them a refund. We won't have that refund, because we'll have sold the coins before the price rise. There's not much we can do to provide transparency into this either. And we're likely to get requests for refunds even if it takes 3 months for Bitcoin to rise by 5%. This promise of returning gains that we've put forward is going to be a massive headache, because we're not expecting to have any gains, even if the price goes up by that much we'll have likely converted to USD faster than that. Our whole goal is to convert to USD as fast as possible. We're sorry that we have to go through this headache at all. If we could get set up with a processor like Stripe, we could accept both Bitcoin and USD and let them deal with the conversion process, slippage risk, and all the other headache associated with using multiple currencies.
Why shipping a full 12 months away?
Before we set out to make Sia miners, we did a study of companies who had previously sold and pre-sold Bitcoin miners. This included talking to both Avalon and Butterfly Labs, and talking to professionals and advisors who have shipped hardware successfully in other industries. The core piece of advice we got was pretty consistent: expect delays. Expect lots of delays, and expect them to come from the most absurd setbacks. (Example: one of the people we talked to had to delay their product because there was a global shortage of power supplies, and they had to wait in line behind billion dollar companies to get some). Our projections indicate that if all goes well, we should be able to ship the miners in 6-8 months. Nothing we are doing is new. Plenty of companies have gone through the process of developing a chip, manufacturing it, putting it in a box, and then shipping it to users. There is almost no innovation risk here. Sia's PoW algorithm is deliberately very ASIC friendly, even more than Bitcoin. We have advisors who have gone through this process before, and the types of challenges facing us are well known. 6-8 months is reasonable, except that every single person we've talked to has told us that unexpected delays is a guarantee, and that by nature of being unexpected, there's not really any way to prevent them by planning around them. Delays are just inherent to shipping hardware. So we chose to set our target at 12 months. We will ship the miners as soon as they are ready. If we are a few months ahead of schedule, and have somehow managed to avoid the foretold delays, we will ship them months ahead of schedule. But we want our users to have a realistic understanding of the expected delays. We've baked a generous amount of time for setbacks into our shipping date. We'll almost certainly need at least some of it.
Making chips is very expensive. We have to sell thousands of units to cover the cost of the chips. A nontrivial percentage of the price is going to go towards chassis, shipping, power supply, control board, fans, etc. Those costs are relatively the same even if we put in fewer chips, which means the total percentage of our budget going towards chips drops significantly. If we cut the price in half, we'll have to sell roughly three times as many units to break even on the cost of the chips. If we cut the price in half again, we'd need to sell a completely unreasonable number of units to break even on the cost of the chips. It's unfortunate, but the fixed costs of chip manufacture means that we really need vast majority of the price of the unit to be spent on chips, otherwise we simply won't be able to sell enough units. There is a second reason as well. As stated in the section above, the industry is plagued by delays an unexpected expenses. We need a healthy budget to plan around potential setbacks, because we've been guaranteed that there will be multiple significant setbacks by those who have gone through this process before. If we bring down the price of the unit, we will also be reducing the amount of wiggle room we have for disaster if suddenly we have to replace parts, re-do designs, or otherwise perform expensive adjustments to our plans.
Are you guys qualified to be working on hardware?
Zach is a mechanical engineer, I've been in the Bitcoin space since before ASICs started shipping, and we have advisors who have successfully shipped hardware before. The team that is designing the chips for the miner has designed chips and shipped chips for Bitcoin miners previously - they are familiar with the whole process, and have done it before. The people in charge of designing the PCB board and other aspects of the miner are also all experienced with their respective tasks. We will be facilitating frequent and strong communications between everyone working on the various components of the miner. The ultimate answer is that the Sia development team is not qualified to be making this type of hardware. However, the Sia development team is not the team working on the hardware. Most of the heavy lifting is being performed by teams with lots of experience in this industry, including experience that is directly related to cryptocurrency miners. What we are doing is not new. Dozens of cryptocurrency miners have been created and shipped in the past, and we are not starting from day zero. We have many advantages over the previous rounds of pre-sale cryptocurrency miners, but the biggest is that it's no longer the wild west of hardware design. There is a standard, and there are tried-and-true methods for making reliable cryptocurrency miners. We get to fall back on the mistakes and successes of the many miners that have been built previously, and we will be leaning heavily on teams and people that have direct experience in this field as opposed to doing everything ourselves.
Does this mean that Sia is getting less attention from the developers?
Sia right now has four full time employees. Myself, Zach, Luke, and Johnathan. Zach was hired in June 2017, less than one month ago. He is not a programmer. Luke and Johnathan will continue with the same responsibilities that they've always had. They helped out a little bit in setting up the website, and in setting up a secure database to process orders + payment information, however the majority of their time has been focused on Sia even as we set up this presale. Going forward, they will be almost entirely uninvolved in Obelisk. I have had to allocate about 25% of my time to Obelisk. Slightly more this week, due to the PR meltdown we had from the initial announcement. But most of my time is still going towards Sia. Most people know I work over 100 hours per week (some weeks will eclipse 120), and that a quarter of my time is not a small amount. Zach is closer to 50% Sia, 50% Obelisk at this point. We're expecting that to tone down once the presale is over - much of this time has been spent with banks, with lawyers, with payment processors, and we won't have to do that beyond the initial setup phase. Zach and myself will still be having weekly conversations with every part of the Obelisk supply chain, including the chip designers, chip manufacturers, control board designers, the miner assembly teams, and the fulfillment centers, so even after the presale there will be effort going towards Obelisk. But nobody on the Sia team is doing chip design, nobody is doing control board design, most of the really heavy work is being done by experienced teams and suppliers that we've found and already spent weeks vetting and verifying. We incorporated Obelisk as a separate company precisely so that Obelisk would eventually have a completely separate team. And finally, as Obelisk is wholly owned by Nebulous, a successful hardware company does mean revenue and income for the Sia team. Cryptocurrency mining tends to be low margin, so tens of millions in revenue for Obelisk does not necessarily millions in funding for the Sia team. But it is something, and it will give us more time to get the storage platform to the next levels of maturity.
I know that a lot of you are concerned about the miner presale that we are conducting. I hope that this post has helped to alleviate those concerns. I hope it makes sense why we are doing a public presale, instead of seeking private investment until we have a full prototype. I hope this post has clarified our decisions around payment methods, and around our price point. I hope you feel more confident that this is something we will be able to pull off. And finally, I hope I've reassured you guys that Sia is still our primary focus, and that we haven't suddenly pivoted into being a hardware company. We are ultimately doing this to provide better security to the Sia network. GPU mined coins are frighteningly insecure, and Sia is now large enough where there is serious money on the line. We are doing this to gain security, and also to ensure as much decentralization as possible when it comes to chip manufacture. We are typically viewed as one of the most reputable teams in cryptocurrency, and I know it's why a lot of you are here. We hope that the Sia ASIC that we are going to be manufacturing and selling strengthens this reputation, but ultimately we will not find out until the miners are actually being shipped. We continue to be excited about this new product. We truly do feel that ASICs are the right direction for Sia, and we also feel that we are doing the right thing by bringing the opportunity to own a Sia ASIC to the broader Sia community. We are sorry for the fallout from our sloppy original announcement, and we hope that we have since made up for it. Finally, we hope that you are interested in buying a miner. Even if we only sell a small batch, ASICs are going to utterly dominate the hashrate of Sia going forward. This is an egalitarian sale where everyone has equal opportunity to buy a miner - there's no cap, and we will ensure that small buyers are not shut out by larger buyers in any way.
I wrote a 30,000 ft. "executive summary" intro document for cryptos. Not for you, for your non-technical parents or friends.
This document was originally written for my dad, an intelligent guy who was utterly baffled about the cryptocurrency world. The aim was to be extremely concise, giving a broad overview of the industry and some popular coins while staying non-technical. For many of you there will be nothing new here, but recognize that you are in the 0.001% of the population heavily into crypto technology. I've reproduced it for Reddit below, or you can find the original post here on my website. Download the PDF there or hit the direct link: .PDF version. Donations happily accepted:
This document is purely informational. At the time of writing there are over 1000 cryptocurrencies (“cryptos”) in a highly volatile, high risk market. Many of the smaller “altcoins” require significant technical knowledge to store and transact safely. I advise you to carefully scrutinize each crypto’s flavor of blockchain, potential utility, team of developers, and guiding philosophy, before making any investment  decisions. With that out of the way, what follows are brief, extremely high-level summaries of some cryptos which have my interest, listed in current market cap order. But first, some info: Each crypto is a different implementation of a blockchain network. Originally developed as decentralized digital cash, these technologies have evolved into much broader platforms, powering the future of decentralized applications across every industry in the global economy. Without getting into the weeds,  most cryptos work on similar principles: Distributed Ledgers Each node on a blockchain network has a copy of every transaction, which enables a network of trust that eliminates fraud.  Decentralized “Miners” comprise the infrastructure of a blockchain network.  They are monetarily incentivized to add computing power to the network, simultaneously securing and processing each transaction.  Peer-to-peer Cryptos act like digital cash-- they require no third party to transact and are relatively untraceable. Unlike cash, you can back them up. Global Transactions are processed cheaply and instantly, anywhere on Earth. Using cryptos, an African peasant and a San Francisco engineer have the same access to capital, markets, and network services. Secure Blockchains are predicated on the same cryptographic technology that secures your sensitive data and government secrets. They have passed seven years of real-world penetration testing with no failures. 
The first cryptocurrency. As with first movers in any technology, there are associated pros and cons. Bitcoin has by far the strongest brand recognition and deepest market penetration, and it is the only crypto which can be used directly as a currency at over 100,000 physical and web stores around the world. In Venezuela and Zimbabwe, where geopolitical events have created hyperinflation in the centralized fiat currency, citizens have moved to Bitcoin as a de facto transaction standard.  However, Bitcoin unveiled a number of issues that have been solved by subsequent cryptos. It is experiencing significant scaling issues, resulting in high fees and long confirmation times. The argument over potential solutions created a rift in the Bitcoin developer community, who “forked” the network into two separate blockchains amidst drama and politicking in October 2017. Potential solutions to these issues abound, with some already in place, and others nearing deployment. Bitcoin currently has the highest market cap, and since it is easy to buy with fiat currency, the price of many smaller cryptos (“altcoins”) are loosely pegged to its price. This will change in the coming year(s).
Where Bitcoin is a currency, Ethereum is a platform, designed as a foundational protocol on which to develop decentralized applications (“Dapps”). Anyone can write code and deploy their program on the global network for extremely low fees. Just like Twitter wouldn’t exist without the open platform of the internet, the next world-changing Dapp can’t exist without Ethereum. CurrentDapps include a global market for idle computing power and storage, peer-to-peer real estate transactions (no trusted third party for escrow), identity networks for governments and corporations (think digital Social Security card), and monetization strategies for the internet which replace advertising. Think back 10 years to the advent of smartphones, and then to our culture today-- Ethereum could have a similar network effect on humanity. Ethereum is currently the #2 market cap crypto below Bitcoin, and many believe it will surpass it in 2018. It has a large, active group of developers working to solve scaling issues,  maintain security, and create entirely new programming conventions. If successful, platforms like Ethereum may well be the foundation of the decentralized internet of the future.
Ripple is significantly more centralized than most crypto networks, designed as a backbone for the global banking and financial technology (“fintech”) industries. It is a network for exchanging between fiat currencies and other asset classes instantly and cheaply, especially when transacting cross-border and between separate institutions. It uses large banks and remittance companies as “anchors” to allow trading between any asset on the network, and big names like Bank of America, American Express, RBC, and UBS are partners. The utility of this network is global and massive in scale. It is extremely important to note that not all cryptos have the same number of tokens. Ripple has 100 Billion tokens compared to Bitcoin’s 21 Million. Do not directly compare price between cryptos. XRP will likely never reach $1k,  but the price will rise commensurate with its utility as a financial tool. In some sense, Ripple is anathema to the original philosophical vision of this technology space. And while I agree with the cyberpunk notion of decentralized currencies, separation of money and state, this is the natural progression of the crypto world. The internet was an incredible decentralized wild west of Usenet groups and listservs before Eternal September and the dot-com boom, but its maturation affected every part of global society.
Cardano’s main claim to fame: it is the only crypto developed using academic methodologies by a global collective of engineers and researchers, built on a foundation of industry-leading, peer-reviewed cryptographic research. The network was designed from first-principles to allow scalability, system upgrades, and to balance the privacy of its users with the security needs of regulators. One part of this ecosystem is the Cardano Foundation, a Swiss non-profit founded to work proactively with governments and regulatory bodies to institute legal frameworks around the crypto industry. Detractors of Cardano claim that it doesn’t do anything innovative, but supporters see the academic backing and focus on regulation development as uniquely valuable.
Stellar Lumens (XLM)
Stellar Lumens and Ripple were founded by the same person. They initially shared the same code, but today the two are distinct in their technical back-end as well as their guiding philosophy and development goals. Ripple is closed-source, for-profit, deflationary, and intended for use by large financial institutions. Stellar is open-source, non-profit, inflationary, and intended to promote international wealth distribution. As such, they are not direct competitors. IBM is a major partner to Stellar. Their network is already processing live transactions in 12 currency corridors across the South Pacific, with plans to process 60% of all cross-border payments in the South Pacific’s retail foreign exchange corridor by Q2 2018. Beyond its utility as a financial tool, the Stellar network may become a competitor to Ethereum as a platform for application development and Initial Coin Offerings (“ICOs”). The theoretical maximum throughput for the network is higher, and it takes less computational power to run. The Stellar development team is highly active, has written extensive documentation for third-party developers, and has an impressive list of advisors, including Patrick Collison (Stripe), Sam Altman (Y Combinator), and other giants in the software development community.
Iota was developed as the infrastructure backbone for the Internet of Things (IoT), sometimes called the machine economy. As the world of inanimate objects is networked together, their need to communicate grows exponentially. Fridges, thermostats, self-driving cars, printers, planes, and industrial sensors all need a secure protocol with which to transact information. Iota uses a “Tangle” instead of a traditional blockchain, and this is the main innovation driving the crypto’s value. Each device that sends a transaction confirms two other transactions in the Tanlge. This removes the need for miners, and enables unique features like zero fees and infinite scalability. The supply of tokens is fixed forever at 2.8*1015, a staggeringly large number (almost three thousand trillion), and the price you see reported is technically “MIOT”, or the price for a million tokens.
The most successful privacy-focused cryptocurrency. In Bitcoin and most other cryptos, anyone can examine the public ledger and trace specific coins through the network. If your identity can be attached to a public address on that network, an accurate picture of your transaction history can be built-- who, what, and when. Monero builds anonymity into the system using strong cryptographic principles, which makes it functionally impossible to trace coins,  attach names to wallets, or extract metadata from transactions. The development team actively publishes in the cryptography research community. Anonymous transactions are not new-- we call it cash. Only in the past two decades has anonymity grown scarce in the first-world with the rise of credit cards and ubiquitous digital records. Personal data is becoming the most valuable resource on Earth, and there are many legitimate reasons for law-abiding citizens to want digital privacy, but it is true that with anonymity comes bad actors-- Monero is the currency of choice for the majority of black market (“darknet”) transactions. Similarly, US Dollars are the main vehicle for the $320B annual drug trade. An investment here should be based on the underlying cryptographic research and technology behind this coin, as well as competitors like Zcash. 
Zero fees and instantaneous transfer make RaiBlocks extremely attractive for exchange of value, in many senses outperforming Bitcoin at its original intended purpose. This crypto has seen an explosion in price and exposure over the past month, and it may become the network of choice for transferring value within and between crypto exchanges. Just in the first week of 2018: the CEO of Ledger (makers of the most popular hardware wallet on the market) waived the $50k code review fee to get RaiBlocks on his product, and XRB got listed on Binance and Kucoin, two of the largest altcoin exchanges globally. This is one to watch for 2018. 
Developed as a single answer to the problem of supply-chain logistics, VeChain is knocking on the door of a fast-growing $8 trillion industry. Every shipping container and packaged product in the world requires constant tracking and verification. A smart economy for logistics built on the blockchain promises greater efficiency and lower cost through the entire process flow. Don’t take my word for it-- VeChain has investment from PwC (5th largest US corporation), Groupe Renault, Kuehne & Nagel (world’s largest freight company), and DIG (China’s largest wine importer). The Chinese government has mandated VeChain to serve as blockchain technology partner to the city of Gui’an, a special economic zone and testbed for China’s smart city of the future. This crypto has some of the strongest commercial partnerships in the industry, and a large active development team.
“Investment” is a misnomer. Cryptos are traded like securities, but grant you no equity (like trading currency).
It is impossible to double-spend or create a fake transaction, as each ledger is confirmed against every other ledger.
Some utility token blockchains use DAG networks or similar non-linear networks which don’t require mining.
In practice, these are giant warehouses full of specialized computers constantly processing transactions. Miners locate to the cheapest electricity source, and the bulk of mining currently occurs in China.
Centralized second-layer exchange websites have been hacked, but the core technology is untouched.
Hi, I just tried to send BTC and was asked to confirm transaction, however, the device didn't provide this option. The transaction is now 'unconfirmed'. What happens now? How can I resolve this? Thank you.
Is Andrew Torba dumb or controlled opposition?(Gab mass email transcript)
GAB Gab Community, As many of you know the online censorship war has taken an even more extreme turn over the past several months. Not only are hundreds of thousands of people being banned and punished for political opinions on major social networks, but now many influential alternative media personalities and companies are being blacklisted and banned by payment gateways, processors, and even banks. This includes Gab, which has been banned by the payment processors Paypal, Stripe, Square, Coinbase, and Bitpay. If you want to support alternative media, your favorite content creators, and free speech on the internet then you need to learn about Bitcoin. Bitcoin is free speech money. No bank, no corporation, and no government can stop you from sending or receiving bitcoin. Bitcoin can not be censored by anyone. Instead of putting your trust in a bank or government, both of which can fail at anytime as we've seen in Venezuela, with Bitcoin you are trusting a digital store of value that is backed by math and a decentralized network of "miners" who confirm the legitimacy of transactions. Many people fixate on the price of Bitcoin. That's not what is important here. What's important is censorship-resistant free speech money and payment processing. As long as you own Bitcoin, you can support any person, business, or cause that you wish without permission from any bank, government, or corporation. As the writer Beautyon notes: The United States of America can not regulate Bitcoin or stop it. In order to do so, they would need to destroy the First Amendment of the United States. Something that will not be allowed to happen by The People. We recommend you visit Buybitcoinworldwide.com to learn more and discover the best way for you to buy, store, and use Bitcoin. We also recommend Cash App, which is one of the easiest ways to get bitcoin right on your mobile device. You do not need to buy a full Bitcoin to use it. Just as you can buy a small portion of gold or separate a dollar into loose change: anyone can purchase $5 worth of Bitcoin or even $5 million worth. Starting today Gab.com is accepting Bitcoin for our optional GabPro service. You can upgrade to GabPro from your profile menu in the top right-hand corner at anytime. GabPro offers additional features such as the ability to apply for verification, lists, bookmarking, and more. Gab does not have ads or collect mass amounts of data like other social networks. GabPro and your support help us keep it that way. Additionally, we are accepting checks and money orders to our PO Box. These are our only two options for processing payments at the moment. Gab's woes with payment processors are the canary in the coal mine for free speech online. We need your support now more than ever and encourage you to learn about Bitcoin as soon as possible. The future of free speech on the internet depends on it. GabPro/ Donations Payment Option Mail check/money order to: PO Box 441 Clarks Summit, PA 18411 Make checks out to: Gab AI Inc Please include a note with your Gab username or we will not be able to give you GabPro. 6 Months: $30 12 Months: $60 5 years: $200 Lifetime: $500 Andrew Torba CEO of Gab.com Click here to login to your account → Thanks and remember to speak freely!
As you already know, EOS is one of those rare cryptocurrencies with instant speed and no transactional fees. This is a benefit most people underestimate. It allows to develop software which requires strong and robust real-time payments in shorter periods of time and demonstrates the advantages other payment systems don’t have. Traditionally, processing companies (VISA, Mastercard, Paypal, Stripe, etc.) charge an extra fee (1%-5%) for providing services. It is a proven business model which works and people seem to get used to it because they don’t know the alternatives. Bitcoin, as the first blockchain use case, also includes a small fee. However, this fee is not paid to a company, corporation, government, bank or any other institution, instead it’s awarded to thousands of miners who help to maintain the network and make sure your transactions are validated and secured. There’s one important thing people don’t understand about fees on the blockchain networks — their purpose. In this case, people pay a few cents/dollars to ensure they are not sending spam, meaning you’re paying extra for sending a transaction which has a real value (transfer to a friend, purchase of a ticket, tip to a waitress, bet in a game). This is a protection mechanism which prevents people from generating unlimited number of useless operations that would clutter the network up and make it unstable. EOS is the second blockchain which removed fees due to a new validation algorithm (delegated proof of stake). Apparently, it’s that simple to get rid of fees completely so they came up with a better approach. You need to possess a certain amount of resources each time you use your wallet. You can think of it as gasoline — the more you expect to drive, the larger the quality and quantity of fuel you are supposed to have.
EOS resources 101
The way EOS works is similar to any other operating system, which is why there are 3 types of resources: CPU, RAM, NET. Each of them has a dedicated role. If your Mac or Windows does resource management and adjustments by itself, you need to put a little effort into operations with EOS. Before we go there, let’s figure out the distinctions between those resources. CPU is the most important among all since it is used every time you attempt to do something with your EOS account. It is measured in µs (microseconds) and its role is to process your EOS transactions, so make sure to have plenty because you never know how much time you will spend playing different dapps. The good thing is that CPU is renewable so if, for some reason, you don’t have enough, you can simply wait a few minutes/hours until it comes back to its original state. NET is the least valuable of all, however you still need it. It is measured in KB (kilobytes) and increases the network’s bandwidth, which means you can send more transactions from your EOS account. Most of the time you don’t need a lot of NET but it’s good to have some reserves. The last one is RAM. It’s probably the most interesting of all. t is valuable because it stores the data of any dapp you’re using. Both games and decentralized exchanges fall into this category because they have loads of info in their state at any time. Staking/unstaking With the very first introduction of EOS within Paytomat Wallet, our goal was to make resource management as easy as possible. Knowing how complex the technical part is, we had to create a simple UI. This is why there are only two actions you need to know about when dealing with EOS: stake and unstake. Staking gives you an opportunity to assign a certain amount of resources (CPU and NET) to EOS network in exchange for your EOS. Unstaking simply refunds all of your assets back to your account. In order to stake or unstake any EOS resource, all you need to do is to go to EOS Resources section in your EOS account and click on the plus or minus sign to adjust the amount of selected resource. You can see how it’s done in the video below: https://youtu.be/T6h7M08k-UU Keep in mind: - You can only stake EOS for CPU and NET, RAM has to be purchased/sold separately in the open EOS RAM marketplace. Hopefully, in Paytomat Wallet you won’t find any differences, so don’t worry about that. - Staking happens instantly. - Unstaking takes 72 hours (3 days). - RAM purchase/sell happens instantly.
EOS resources recommendations
The most common question we had over the last few months is what are the bare minimums and the average amounts of resources that have to be maintained. When you create an EOS account, you have the minimum of CPU, RAM and NET that can be used in a survival mode. Even though it is possible to leave it as it is, we recommend you to stake more, just in case of the random spikes in resource usage on the EOS network. Basic set-up (5–10 operations daily): - CPU — 1–2 EOS - RAM — 3–4KiB - NET — 1 EOS Average set-up (10–100 operations daily): - CPU — 3–4 EOS - RAM — 4–5KiB - NET — 1 EOS Advanced set-up (over 100 operations daily): - CPU — 5–10 EOS - RAM — 5–7KiB - NET — 2–3 EOS Keep in mind: - If you love playing games or dapps that require ongoing interactions with your EOS account, check your CPU levels more frequently. Sometimes it takes more time to renew its reserves. We also recommend you to have 4:2:1 proportion of CPU:RAM:NET accordingly if you tend to use such services or interact with smart contracts through Paytomat Wallet consistently. - The more transactions you need to make in a short period of time, the more CPU you’ll need. - The more data a particular dapp stores, the more RAM you’ll need. - RAM can only be purchased in the marketplace which means you can buy more when it is cheap and sell when it is high. Gambling on resources can be fun after all. - Sometimes EOS network can be busy during the times of massive and unpredictable usages by the dapps. This happens rarely but when it does, you may encounter a sudden lack of CPU, even if you don’t use your wallet. Don’t freak out, just wait. This is normal and it will end automatically. Let us know whether this was a clear explanation in our telegram group.
The Toomin brothers, Bitcoin Classic's main devs are debating Core devs and trying to show them the light. It gets quite fishy at the end.
Join here: http://slack.bitcoincore.org Start somewhere here: https://bitcoincore.slack.com/archives/general/p1453096627008444 Some extracts: Michael Toomim [8:06 AM] Satoshi believed the only way to prevent control is to give everyone a copy of the ledger. [8:06] Give everyone an opportunity to vote. eric-ledger [8:06 AM] @mtoomim: I think you are delusional Michael Toomim [8:06 AM] Give everyone an opportunity to transact. anduck [8:06 AM] mtoomim: bitcoin classic is against that, too. [8:06] as you very well know.(edited) Michael Toomim [8:06 AM] We give everyone an opportunity to upgrade the protocol. Adam Back [8:06 AM] mtoomim: do you understand why the developers of bitcoin used to propose a HF but switched to a SF once it became clear that it was possible because it is safer and faster? Michael Toomim [8:06 AM] You can take part in bitcoin. [8:06] You can add yourself to it. [8:06] Express yourself on consider.it. anduck [8:06 AM] are you a bot? Michael Toomim [8:07 AM] Are you a bot? dts [8:07 AM] I'm convinced, I welcome our new pot smoking master James Hillard [8:07 AM] @opet: when did I ever refer to you as being part of the uneducated masses? Michael Toomim [8:07 AM] Do you wanna speak bot? Bleep Bleep Bloop! [8:07] 1010111 Adam Back [8:07 AM] opet: "it's an image and communication problem." this is agreed Michael Toomim [8:07 AM] What's your favorite wave? Mine's triangle. eric-ledger [8:07 AM] you sound like a cultist anduck [8:07 AM] mtoomim: quit advertising your platform Michael Toomim [8:07 AM] Haha I'm just stoned guys. Adam Back [8:07 AM] lol Michael Toomim [8:07 AM] Cultists do get stoned a lot. [8:07] But I'm just stoned. Adam Back [8:07 AM] mtoomim: are you serious? Michael Toomim [8:07 AM] You're mistaking correlation with causation. dts [8:07 AM] If any miners are here, please pay attention to @mtoomim words Michael Toomim [8:07 AM] Yes I'm serious. Do you not believe me? Test me! anduck [8:08 AM] mtoomim: so how much did you pay the miners? 0 or more Michael Toomim [8:08 AM] I'd love more attention. I love attention! [8:08] What? I am the miner! [8:08]https://toom.im Toomim Bros. Bitcoin Mining Concern Toomim Bros. provides hosting for bitcoin mining. Our mining center is powered by some of the most wallet- and climate-friendly power in the world. eric-ledger [8:08 AM] meltdown anduck [8:08 AM] as stated earlier, it's a valid concern that you may have paid miners. you offered money to other to do things that people have been doing for NO money earlier. Michael Toomim [8:08 AM] I pay myself every day. anduck [8:08 AM] @mtoomim: did the miners get paid to express support for Classic or not? Adam Back [8:08 AM] mtoomim: are you literally stoned? you may want to unplug for a while. Nicolas Bacca [8:09 AM] At that point I think the best course of action is to demonstrate to the miners that segwit works well with multiple wallets and that well, one team is slightly more serious than the other one. Michael Toomim [8:09 AM] No they didn't get paid. Duh. The miners have all the money. They are the ones who pay. dts [8:09 AM] It is legal in Washington State as far as I know taek [8:09 AM] @mtoomim: you keep trying to flatter us. We don't work for free. We are not impressed with the direction you are taking things and we don't feel inclined to work on your vision. Ours is in the process of being shredded to pieces, why do you think we will maintain morale and motivation? James Hillard [8:09 AM] I hardly consider a sub MW mining operation to be much of anything at this point. taek [8:09 AM] ugh anduck [8:09 AM] mtoomim: thanks Michael Toomim [8:09 AM] Yeah it's legal here. 1 Colin Delargy [8:09 AM] I don’t think I could think of something more off topic. 1 Michael Toomim [8:09 AM] @taek I don't give the vision. YOU give the vision. Come give it. [8:09] I just create a place for you to talk and listen. dts [8:09 AM] @mtoomim: you really aren't doing yourself any favors Michael Toomim [8:10 AM] I'm hosting the forum. eric-ledger [8:10 AM] this is insane p2phash [8:10 AM] funny though dts [8:10 AM] I hope this is saved for posterity Adam Back [8:10 AM] mtoomim: i dont think yes. i think you should go sleep it off. Michael Toomim [8:10 AM] This is great! I love this conversation guys! eric-ledger [8:10 AM] doe anyone know for sure he is the real Michael Toomim? Michael Toomim [8:10 AM] You are real fun. dts [8:10 AM] he verified his email as the same one on Classic Slack Michael Toomim [8:10 AM] Nobody texted me. [8:10] :stuck_out_tongue: gamersg [8:10 AM] mtoomim: If SW via SF increases effective block size to 2MB, why are you pushing for a 2MB HF (honest qsn) Michael Toomim [8:10 AM] Text me a random code at +++++++++++++ Adam Back [8:11 AM] eric-ledger: oh maybe it's a look alike account. dts [8:11 AM] why do you have an Oakland number Michael Toomim [8:11 AM] Because the people who voted aren't pushing for it. [8:11] I went to school at uc berkeley. Colin Delargy [8:11 AM] content style matches https://www.reddit.com/usetoomim reddit: the front page of the internet p2phash [8:11 AM] @gamersg: not a full 2mb of transactions really is it? anduck [8:11 AM] gamersg: that's been asked like hundred times. he refuses to answer. taek [8:11 AM] I do feel like I've been properly baited. @mtoomim: my vision is a cryptocurrency that is immune to political influence. That vision does not seem to be present in the current ecosystem Michael Toomim [8:11 AM] @dts are you nearby? dts [8:11 AM] that explains the pot Michael Toomim [8:12 AM] haha Yeah it does. [8:12] And acid judahmu [8:12 AM] we liked dts better as luke-jr dts [8:12 AM] I'm flattered James Hillard [8:12 AM] Is this what future bitcoin development conversations are going to look like? 1 dts [8:12 AM] Yes he is the real deal, not a troll, kind of unbelievable James Hillard [8:13 AM] This is insane oneeman [8:13 AM] tomorrow is a holiday taek [8:13 AM] :} dts [8:13 AM] He did go to UC berkeley and slack sends you an email to verify it oneeman [8:13 AM] as good a day as any to cut loose, I guess drdave [8:14 AM] joined #general Adam Back [8:15 AM] are we sure mtoomim is actually michael toomim? wasnt it toomim before? anduck [8:15 AM] it's michael toomim [8:15] changed nick to mtoomim Brian Hoffman [8:15 AM] What a cluster fuck Michael Toomim [8:15 AM] @taek There are politics in every social system. Our job is to improve them. That's why we made Bitcoin Classic. The problem with politics is that they get in the way, and so make political communication more efficient, so it gets out of the way. Adam Back [8:16 AM] anduck: well he said that, but what if that itself was a spoof? anduck [8:16 AM] @adam3us: the email looks legit, at least Adam Back [8:16 AM] mtoomim: what hashrate does toom.im have? Michael Toomim [8:16 AM] We are the first forum that can visualize over 1,000 opinions on a single page. dts [8:16 AM] less than 1% Michael Toomim [8:16 AM] We scale. Adam Back [8:16 AM] so email him a code see if he can answer it? Luke-Jr [8:16 AM] what's the invite link again? Michael Toomim [8:16 AM] @adam3us: We only have a small amount. Most of our capacity goes to customers who host with us. Adam Back [8:16 AM] slack.bitcoincore.org Michael Toomim [8:17 AM] We have 750 kW of power capacity. dino_m [8:17 AM] joined #general dts [8:17 AM] @btcdrak: should put it on the front page of bitcoincore.org :confused: Luke-Jr [8:17 AM] thx. what is the share rules for this link? dts [8:17 AM] it's posted already on there just hidden behind "contribute" Luke-Jr [8:17 AM] k, so public Michael Toomim [8:17 AM] So you can multiply 750 kW by the average efficiency to get the hashrate at our facility. kang [8:18 AM] joined #general Michael Toomim [8:18 AM] Text me it's faster. Patrick Strateman [8:18 AM] @mtoomim: well divide by x and carry the... <1% oneeman [8:18 AM] someone in ##bitcoin asked a day or two ago if maybe bitcoin classic was just a viral marketing ploy for consider.it ... 2 Michael Toomim [8:18 AM] Probably anduck [8:19 AM] oneeman: well it certainly looks like so [8:19] mtoomim has advertised it like 10 times in an hour oneeman [8:19 AM] I thought the question was a joke, but now I'm not so sure anduck [8:19 AM] and nobody still cares about it. Michael Toomim [8:19 AM] And we're all a viral marketing campaign for bitcoin! 2 Patrick Strateman [8:19 AM] @oneeman: lold Michael Toomim [8:19 AM] Ok what am I not answering now? anduck [8:19 AM] mtoomim: read the log. [8:19] please. Michael Toomim [8:19 AM] Come on! Adam Back [8:19 AM] mtoomim: nice. yes coincidentally i had looked at your hosting service for some miners i had a while back. Michael Toomim [8:19 AM] It's so long [8:19] You talk fast [8:20] I've responded very well to everything I've been able to tackle anduck [8:20 AM] you're already deeming others to do the btc deving work for you, don't make us read the logs you should read(edited) Michael Toomim [8:20 AM] I want you to choose [8:20] There are a lot of options up there Patrick Strateman [8:20 AM] @mtoomim: Would you be OK with a world in which virtually all Bitcoin users run SPV clients and only a handful of trusted third parties operate full nodes? alie1 [8:20 AM] joined #general Michael Toomim [8:20 AM] You get power, you can choose what I talk about! [8:20] Good question! [8:21] Ok, so I need to answer this well. Give me these numbers:
The percent of SPV clients
The number of full nodes
[8:21] I'll give you my opinion. James Hillard [8:21 AM] toomims hosting service is small peanuts in the scheme of things, I manage multiple MW scale large farms in multiple countries and even then have only about 1% of network hashpower Michael Toomim [8:21 AM] Good job James! [8:21] Congratulations! epscy [8:22 AM] joined #general Michael Toomim [8:22 AM] Hey can someone get Greg Maxwell? I love that guy! Patrick Strateman [8:22 AM] @mtoomim: 100 full nodes run by say blockstream, coinbase, mit, etc etc everybody else runs spv clients Michael Toomim [8:22 AM] I want him to work with Classic! Adam Back [8:22 AM] mtoomim: i sent you an email to auth your slack handle here dts [8:22 AM] yeah verify Adam Back [8:22 AM] can you paste or type the code in dts [8:23 AM] otherwise bravo on excellent trolling taek [8:23 AM] @phantomcircuit: I don't think conversation with mtoomim is going to go anywhere. Michael Toomim [8:23 AM] uploaded an image: Cool! Add Comment dts [8:23 AM] it's listed as his email in the classic slack Adam Back [8:23 AM] ok then. that's pretty confirmed. Michael Toomim [8:23 AM] Fuck yeah it is! Oliver [8:23 AM] @jameshilliard you inadvertently did so when you referred to those voting on consider.it and supporting Classic as the "uneducated masses." After all, I didn't give up my anonymity and finally get involved with bitcoin dev in any way until Classic arrived on the scene. There are many more exactly like me who have signed up to finally have our voices heard and votes counted. Some, like me, are incredibly sick of (and saddened) by the Core devs' seeming ignorance of the fact that it's NOT ok to completely ignore the wants of the community. I'm here now, and I'm here to help. My greatest desire is to somehow help bring Core and Classic together with a compromise. I'd like to see collaboration and an understanding that the road map requires a lot more than Core's blessing.(edited) Michael Toomim [8:23 AM] That's like, real! [8:23] It'd be so hard for me to photoshop that in 50 seconds [8:24] Photoshop sucks [8:24] I can do better in omnigraffle [8:24] and built-in OSX screenshotting [8:24] @phantomcircuit: That scenario is fucked up, dude! Everybody runs an SPV client? Sounds like fucking fascist china man! Luke-Jr [8:24 AM] considering how quickly my PR for Classic was shot down without discussion... frankenmint [8:24 AM] joined #general Michael Toomim [8:25 AM] I lived in china for 6 months man, it wasn't pretty with the government [8:25] I'm so glad the chinese are finding freedom with bitcoin eric-ledger [8:25 AM] @mtoomim: You should come back when you are not stoned; you are not helping yourself 3 Michael Toomim [8:25 AM] They need it! Luke-Jr [8:25 AM] lol dts [8:25 AM] uploaded an image: Here is his email listed in classic slack Add Comment Michael Toomim [8:25 AM] @eric-ledger: I'm loving this conversation! [8:25] I'm here to help you guys! eric-ledger [8:25 AM] well I do also love it James Hillard [8:25 AM] @opet: I didn't mean to imply that everyone voting on there is uneducated. Michael Toomim [8:25 AM] I want to make it easier to dev bitcoin! eric-ledger [8:25 AM] but it may come back and bite you in the ass Michael Toomim [8:26 AM] Haha [8:26] That would be fun! [8:26] Like a snake. Patrick Strateman [8:26 AM] @mtoomim: Do you not realize that scenario is exactly the one you're moving towards with classic? Michael Toomim [8:26 AM] Woah! No I don't! [8:26] Please tell me how that's happening! [8:26] How are we going to force everyone to use SPV clients? [8:27] That means that we have to force people not to run a full node. [8:27] Right now it's pretty easy to run a full node. [8:27] I run one on this laptop. [8:27] My laptop's only getting bigger and better every year. [8:27] And the democracy cares about this! [8:27] They won't let full nodes stop running on their laptops. elliotolds [8:27 AM] @opet: what do you think as this (proposed earlier by someone else here) for a compromise: in April we hard fork to 2 MB, then we do segwit later in the year, maybe October or something, but whenever Core is comfortable releasing it? (sooner is fine, even along with the April HF is OK if they want it then) Michael Toomim [8:27 AM] They want full nodes to run on their laptops! [8:27] They want it so bad! Patrick Strateman [8:27 AM] @mtoomim: so four or five tabs? 4 Michael Toomim [8:27 AM] I want it so bad! [8:27] I love bitcoin on my laptop! [8:28] It's like a girlfriend in your lap! [8:28] Isn't it? eric-ledger [8:28 AM] omg Michael Toomim [8:28 AM] Who wants to relegate her to the server room? dinbits [8:28 AM]
I'm here to help you guys! @mtoomim: Do you plan on saying anything helpful?(edited)
Michael Toomim [8:28 AM] That's for herems. [8:28] I support sexual equality! [8:28] @dinbits I want to be helpful! What would you like me to help you with? jdebunt [8:28 AM] joined #general Michael Toomim [8:28 AM] Or help other people with? dts [8:29 AM] what he's saying is very illuminating to me 3 Michael Toomim [8:29 AM] @phantomcircuit: I once took 4 tabs and went free-diving off the coast of hawaii. [8:29] Kapoho tide pools on the big island [8:29] That was so great! [8:29] I saw fish world. [8:29] Like the clan of the little cute white fish with the red stripe that swish you left and right. [8:29] I came up speaking in a new style. 1 1 justino [8:30 AM] joined #general Michael Toomim [8:30 AM] Every once in a while my words would disiintegrate into strange snap crackle popping, the sounds of fish world. [8:30] I called it a flubbergust. [8:30] It is the moment where your spirit veers into void and disappears. [8:30] It's when you are wrong. [8:30] In Bitcoin, we have a problem of admitting when we're wrong. [8:30] Because there's no data on it. elliotolds [8:30 AM] I wonder if this is some sort of Machiavellian plot, and later Jonathan will come in here and seem like the most reasonable person in the world in comparison 3 Michael Toomim [8:30 AM] We're giving you social data. [8:30] bitcoin.consider.it Nathan Cook [8:30 AM] shh, this is great Michael Toomim [8:30 AM] It tells you when you're right and wrong [8:31] So that you can learn [8:31] When you learn, you get better [8:31] And you get shit done [8:31] You can make changes to bitcoin dts [8:31 AM] I still can't quite believe it's you even with the proof Michael Toomim [8:31 AM] We are hardforking the blocksize limit to 2mb [8:31] Join us. anduck [8:31 AM] why not 6 mb? Adam Back [8:31 AM] i think it's him anduck [8:31 AM] it would allow more transactions Michael Toomim [8:31 AM] @dts wanna video chat me? Nicolas Bacca [8:31 AM] is there drug for everybody ? dts [8:31 AM] like my mind can't make the two parts fit together eric-ledger [8:31 AM] a selfie maybe? Michael Toomim [8:31 AM] Guys come meet me in tawk.space. I'll be online in 5 minutes. taek [8:31 AM] Things have gotten terribly off topic, I would like to request that people stop responding to the nonsense, and also stop encouraging it. There is more valuable conversation that is being blocked by the ridiculousness happening right now. Michael Toomim [8:32 AM] That's https://tawk.space. Use chrome or go home. dts [8:32 AM] let's rename this chat mtoomim's magical bus trip and make a new channel 4 kang [8:32 AM] Not before that selfie plz Michael Toomim [8:33 AM] hahaha jake7849 [8:33 AM] joined #general alie1 [8:33 AM] is this a joke ? jwade [8:34 AM] joined #general Michael Toomim [8:34 AM] Fuck! Tawk.space is down! Karthik!!!!!!!! [8:34] Can we make a group video chat in skype? [8:34] Oh a hangout
I hate to say it, but I've cashed out my bitcoins. The ideology that I bought into is dying. Bitcoin was for the people, for individuals, to carry out commerce without the stipulations brought about by traditional banks. It was about decentralization and the democratic process and micropayments for any sized economy. Yet now, the core devs are striping out the functionality that lets the individual do business without any democratic process and makes the bitcoins network dependant on centralized bitcoin holding corporations (banks) necessary. The vision has been lost. Maybe one day the lightning network will be needed, but right now it's being implemented at the cost of the existing network functionality. I'm afraid we're seeing the tragedy of the commons played out in the digital realm between the miners for higher payments and bitstream for the LN. The experiment has been fun for the past 2 years I've been involved and I'm going to miss it, but I'm voting with my wallet. Take care.
Das Bitcoin-Halving oder auf gut Deutsch die «Bitcoin-Halbierung» bedeutet, dass die Bitcoin-Miner in Zukunft mit nur noch der Hälfte der Bitcoins belohnt werden, wenn sie die richtige Nonce ... 1 Stripe - Bitcoin has better usage coverage in more websites categories. Including Computers Electronics & Technology, Science & Education, Arts & Entertainment, Business & Consumer Services and one other category. 2 Bitcoin Miner is leading in Games and Law & Government. Paypal, stripe, vogue pay, perfect money has been integerated; BITMINE is an Bitcoin Mining PHP Script made with Laravel Framework. its Built to be beautiful, fast, secure and powerful. Bitmine comes with minimum banking features like auto deposit (block.io, coinpayment, blockchain, coingate), automated mining without cronjob, sharing bitcoin, referral bonus and more. its easy to install our ... Payment processor Stripe is halting bitcoin support. Declaring that “there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense,” the online payments specialist is calling it a day on cryptocurrency for the time being. Over the past month, a handful of other companies have also rolled back bitcoin support, usually citing high fees which make micropayments ... Also, check if bitcoin mining is profitable for you. You can make use of bitcoin mining calculators on the internet to get a rough estimate. Acquire your Bitcoin Mining Hardware. There is no mining that can take place without ASIC (Application Specific Integrated Circuit) miner, see here. Do not even think about mining on your laptop or desktop ...
Best Bitcoin Miner Machine Software 2020 + Payment Proof ✅
This is a new video series that Daniel Chang of VintageMagic.com and I are doing together. We will have several (Dan and Ed Discuss) videos across various topics. This first one is a little clunky ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Best Bitcoin Mining Software: Best BTC Miners in 2020 Welcome to Bitcoin Miner Machine. Bitcoin Miner Machine a graphical frontend for mining Bitcoin, providing a convenient way to operate Bitcoin ... Is mining Bitcoin BTC still profitable in 2020? Let's review mining profitability, Bitcoin, Bitcoin Cash, and Bitcoin SV. Block reward halving, network diffi... Support MadBitcoins: 1PtAdf3LbwrPfX87dQ8TMuKEzuMUZtg1z1 March 28, 2014 -- Mesa, Arizona -- MadBitcoins: Make it Real. This is MadBitcoins Upload #300 -- Thank you for ...