3 Best Bitcoin Mining Hardware ASICs For 2019-2020 ...

What's a good Bitcoin ASIC that's in Canada and how would I operate it properly?

submitted by Droid1138 to Bitcoin [link] [comments]

What’s the difference between a 15 BTC and 35 BTC farm?

Hello Bitfriends
I’m a long term holder from years ago, and have about 35 BTC under my control. I want to use the 35 Bitcoins to build a Mining farm business.
My research leads me to believe that at this budget, I’m best to fit out a 20 foot or 40 foot shipping container with electrical infrastructure, rent some land in an area with existing electrical infrastructure and cheap electricity and fill them with ASIC miners. This will likely be overseas from my current country, and preliminary research leads me towards countries with lower political risk like Canada.
I am in the early stages of information gathering and planning, and would like to open my Mining farm some time between 2020 and 2023, with the long term objective of raising money and eventually building these Mining farms in multiple countries, diversifying our risk while generating bitcoins for myself and shareholders. I am a big bitcoin bull and believe in the project long term. I have owned and managed small businesses before, but have no experience in the world of building data-centres.
I like the economics of running a Mining Farm, and want to get my hands dirty, learn how they work, how to build them, and get “in the game”.
Does anyone have experience or has been in my place before that can help me navigate from where I am to where I want to go?
Questions:
• If you were in my position, would you jump right in and start up a mine ASAP - once cheap power and stable geopolitical area is located? or would you try and wait to sell the bitcoins for fiat at the next bubble peak? Or possibly after the capitulation after the next peak - I read that after some time in 2018 lots of new/inefficient miners capitulated and needed to sell their rigs due to the drop in price during which ‘strong’ miners scooped up lots of cheap discounted mining rigs
• What’s the difference between a 15 BTC Mining Farm, and a 35 BTC Mining Farm (Assuming that’s the total budget - including travel, legal, mistakes, capex, opex, everything)
• How would you do something like this. What type of people are essential to get as part of my “team”? I would be prepared to ‘learn on the job, and spend 1-2 years out at the site learning how to set up and maintain the Mining Farm, but I would need to learn from someone. Should I go to existing miners and ask them for help/guidance, or hire an electrical engineer, or someone with experience and get him on the payroll/some equity in the business (also contribution of capital would be ideal). Or should I find people/companies that build data centres as their usual business and try to get them to help?
• Am I a fool to think that it’s possible to mine profitably at this scale, and should I just hodl these coins and get a by the hour job? /s
Thanks for reading, and let me know if you have any questions or can help.
TLDR: I'm a noob who wants to start mining with 35 BTC as starting capital, despite having never mined before and being non technical. I want to learn the 'trade' and business of building bitcoin data centers without getting rekt.
submitted by MiningFarmOperator to BitcoinMining [link] [comments]

Hilarious! Who’s using [email protected]?!

Hilarious! Who’s using B-C@sh?! submitted by 0a0d0s0 to Bitcoin [link] [comments]

An open letter to the Bitcoin community to change the proof-of-work algorithm [to a PoW/PoS hybrid!]

An open letter to the Bitcoin community to change the proof-of-work algorithm [to a PoW/PoS hybrid!] submitted by jet_user to decred [link] [comments]

How to earn and withdraw in Gominer?

How to earn and withdraw in Gominer?
How to earn and withdraw earnings in Gominer?
To obtain cryptocurrencies, you have to use an ASIC miner specially made for mining cryptocurrencies, but the cons are, these ASIC miners consumes a lot of electricity and you need to have a specific room to contain them because these machines at really loud and produce a lot of heat, also, you have to maintain these machines and check it from time to time. That's why companies came up with a plan to provide "Cloud Mining Services" where the company is going to provide the asic miners and maintain each devices. This gives the investors an advantages to the said cons above and save them the need to purchase and house these expensive miners on their own. One of these companies that provide cloud mining services is Gominer.

About Gominer

Gominer is a cloud mining service provider and ASIC miner distributor which is based on Canada. It is said that the company has a lot of firsts in the cryptocurrency industry that made them famous up to now like:
  • First cloud mining with social media feature
  • First multi mining cloud mining company
  • First token based cloud mining
  • First cloud mining with Exchange feature
  • Produce the first ASIC miner with Carbon Fiber Structure
  • First cloud mining where you can send tokens to other users
You may also find a lot of written articles scattered on the internet about this company so there is no doubt that this company is famous as of now.

How to earn in Gominer by cloud mining?

Before anything else, remember that this company offers multiple systems to earn and one of them is cloud mining which we are about to tackle on this blog. To begin mining at Gominer, first, you have to load you Gominer bitcoin wallet. After doing so, follow these steps.

https://preview.redd.it/z8q8x73odso31.jpg?width=1247&format=pjpg&auto=webp&s=f6e4bb849eaa5ce94c7084dcff034f079ffb4e53
Step 1. Click on "Buy Hashpower"

https://preview.redd.it/2dgsvebbeso31.jpg?width=1895&format=pjpg&auto=webp&s=584a69f4d0006803804258b56ccea8c7bf0c82a8
Step 2. Choose your desired level and value that you want to invest. There are multiple levels available, from level 1 to level 9.

https://preview.redd.it/m2olkrdceso31.jpg?width=1247&format=pjpg&auto=webp&s=22734474a248ae6eed78a42f6374b2f4372e7350
Step 3. Choose your payment method, you may choose from paying in Bitcoin (Fig. 2) or paying by Gotokens (fig.3). Then click. "Buy Hashpower Now" (fig. 4.)

https://preview.redd.it/hn52hv4deso31.jpg?width=1191&format=pjpg&auto=webp&s=a51541517248073784a14958e55eb84dd73a2edf
Step 4. Upon purchasing hashpower, you will be mining automatically.
  1. This is your GT (Gotoken) Wallet, this simply shows your total Gotoken on your wallet.
  2. This is your current hashrate.
  3. This is your total mining earnings, you may notice that this figure increasing from time to time.

How to withdraw your earnings?


https://preview.redd.it/ti9p1hv0fso31.jpg?width=1576&format=pjpg&auto=webp&s=633f90ecd14321cff59ffef28682f1b0278a7823
To withdraw your earnings, simply follow these steps:
First, you have to transfer your earnings to your GoToken Wallet. To do so, Click the “Transfer” button on your earnings.
  1. Click the “Transfer to GT Wallet” button
  2. Click Submit. A pop-up confirmation will show for successful transfer.
  3. Your earnings will be transferred on your GT (GoToken) Wallet.

https://preview.redd.it/iagba3x9fso31.jpg?width=1856&format=pjpg&auto=webp&s=95d25d61f1ce20e0f3238b91d7c8b37458e5f354

https://preview.redd.it/hsjhtalcfso31.jpg?width=1262&format=pjpg&auto=webp&s=5953a8d87884ad5c7553e7f88d1d503cdabf09b7
Second, Click the "Convert" button on your GT (GoToken) Wallet then follow these steps.
  1. Enter the amount that you want to withdraw, or you can also click the “ALL” button to enter all of your available GoTokens, then click “Convert”
  2. A confirmation pop-up will appear upon complete transfer.

https://preview.redd.it/1w057igwfso31.jpg?width=1079&format=pjpg&auto=webp&s=e30f58d07924ceaa037befe0298369be270996d2
Third, On the Wallet page, to finally withdraw your earnings you must:
  1. To withdraw, simply click "send"

https://preview.redd.it/q4atx4q1gso31.jpg?width=1019&format=pjpg&auto=webp&s=12b97b046473bfc0f6d0663e7efd6497d35af3f6
Last but not the least:
  1. Enter your Bitcoin wallet address where you want to transfer your earnings.
  2. Enter the amount of BTC you want to withdraw and click the “Send” button.
CONGRATULATIONS! You will now receive your earnings from Gominer.
If you find my post helpful, please give it a positive karma
Also, Please use my referral link to recieve a percentage of my earnings and 5% bonus tokens https://gotoken.link/?buid=wM
submitted by Cryptomaniac202 to u/Cryptomaniac202 [link] [comments]

Cosmos Hub ATOM Token and the commonly misunderstood staking token - Yield does not equal Profit

Cosmos Hub ATOM Token and the commonly misunderstood staking token - Yield does not equal Profit
This is part three where we look at the ATOM token and general misconceptions around staking tokens. Part one can be found here and part Two can be found here

The ATOM token

I often see a lot of confusion around what the ATOM token is used for, so let me clarify:
  • The ATOM token is NOT used for all staking / transactions across the entire Cosmos Ecosystem. It is specific to only the Cosmos Hub. The Cosmos hub is one of many hubs / zones within the Cosmos Ecosystem. There are other hubs live today such as IRIS (which has its own token IRIS) and Sentinel due to launch later this month (which has its own token SENT). Each Zone will also have its own token to incentivise validators to secure their zone.
  • Transactions fees paid for the Cosmos Hub Do Not have to be paid using ATOM, a wide selection of different tokens will be able to be used to pay transaction fees such as BTC, ETH etc. The incentive for staking is that you will receive a proportion of these fees in the various currencies depending on the number of ATOMs staked.
  • It is NOT a currency, nor your normal token that you invest in and just HODL on your ledger. It is a staking token used to secure the Cosmos Hub. ATOM is hyper inflationary (which rewards those that stake the token to provide security to the Cosmos Hub and punishes those that don’t stake via decrease in value per ATOM via inflation.
  • The Top 100 Validators which stake the most atoms are selected for validating / creating new transactions
ATOMs are like ASICs, just as ASICs are a piece of capital you need in order to mine POW chains like Bitcoin, ATOMs are a piece of capital that you need in order to stake on the cosmos hub and earn transaction fees going through that hub. If a lot of ASICs are already in use it is very difficult to attack the network and similarly if a lot of ATOMs are staked, then it is very difficult for someone to buy a large portion of the ATOMs to attack the network. You can read the document explaining the token by the team here as well as the video below (time stamped from 44:30) as well as here

https://www.youtube.com/watch?v=hREydu6Llac&t=2670s

Staking Tokens

Staking tokens are very commonly misunderstood by people, they assume its a passive income where they can earn 10–20% for doing nothing but staking their tokens. Rewards are created by minting new tokens via Inflation, this depreciates the asset of each token by increasing total supply of the tokens. To counter the negative effect of inflation, you can stake your tokens to earn a reward which is greater than the inflation increases. If there was 20% inflation and 100% of the tokens were staked, then there would be no rewards. It’s would just be like projects increased their total supply when doing coin swaps such as VEN going to VET where they increased the total supply of the tokens and everyone received the same proportion. Those that do not stake are punished as they are not receiving the % increase in new supply and so their proportion is diluted.
There are many examples of some version of the following: “Earn a 15% yield per annum when you stake on x network!” This is at best misleading and at worst potentially fraudulent depending on the jurisdiction where these claims are being made. It causes token holders to evaluate and hold PoS tokens on a basis that isn’t applicable or relevant. Even worse, using these words incorrectly can lead regulators to draw unnecessary negative conclusions about how to tax and regulate these networks/tokens: “If you are calling it yield then it should be taxed as income…” Staking rewards — and the possibility of slashing — are a set of incentives that encourage token holders and validators to secure a PoS blockchain. In return, they maintain or grow their relative share of token holdings in the network. Staking creates the “skin in the game” necessary for good behavior such as running nodes in the network and discouraging bad behaviors like failing to remain online or double signing. Staking rewards do NOT exist to provide an income stream to token holders. Think instead, “by staking I can increase my network participation (ownership if you like) by 0.3% over the following year” or “if I do not stake, my relative participation/ownership in the network will be diluted by 1.5% over the next 12 months”. The economic rationale for staking a PoS token is not to receive “yield” (it doesn’t exist) but because you believe that by doing so you will be growing your relative interest in the network and also contributing to significant token appreciation.
The above is taken from a great article which can be found here which explains the commonly misunderstood Staking Token and related terms such as Yield and Inflation.

Basic Example of how this works

To see how it works let’s look at a basic example. For simplicity assume there are only 2 Validators, “Validator 1" and “Validator 2" and there is a current total supply of 1000 tokens. 300 tokens are being staked with each Validator, with the validator for each staking 150 tokens and the delegators also staking 150 tokens. 60% of the total supply is staked whilst 40% is not staked.

https://preview.redd.it/en0kuks1deb31.png?width=1100&format=png&auto=webp&s=b8a16460fa277be3f1a7d8000af672573b884f51

Again, to keep it simple rather than do the rewards per block i am just going to use the yearly figures. So, if total supply is 1000 and inflation is set at 20% then there will be 200 tokens to be minted over a year to be used for rewards and added to the total supply. So total supply now becomes 1200 and the 200 tokens are distributed according to the diagram below (and using the commission / staking values in the diagram above)

https://preview.redd.it/5iwj4bo3deb31.png?width=2640&format=png&auto=webp&s=9519f8d171e78b2a255644a07e3887b8ee15ab9c
So now that the 200 tokens have been minted the total supply has now increased to 1200 and we can compare how the proportions of supply have changed.
The users that didn’t stake — initially had 40% of the supply, they have been penalized for not staking and now only own 33.33% of the supply. (Note they haven’t had any tokens removed from them it’s because additional tokens have been minted and they haven’t received a proportion of them by not staking.) — a decrease of 6.66%
Delegator using validator charging 20% commission — Initially had 15% of the supply and now has 15.84% of the supply — an increase of 0.84%
Validator charging 20% commission — Initially had 15% of the supply now has 17.5% of the supply — an increase of 2.5%
Validator charging 10% commission — Initially had 15% of the supply now has 17.08% of the supply — an increase of 2.08%
Delegator using validator charging 10% commission — Initially had 15% of the supply and now has 16.26% of the supply — an increase of 1.25%

https://preview.redd.it/2s0yutj5deb31.png?width=1100&format=png&auto=webp&s=481e4073b3ea25d9f2919693b94c7863ed44f652
You can see how the users that don’t stake get penalized by not receiving rewards with the increase of additional supply. The proportion of supply that they lose gets transferred to those that stake.

21 Day unbonding period

To protect against a validator attacking the network and then immediately withdrawing his stake, the Cosmos Hub is enforcing a 21-day unbonding period. During this period, staked Atoms do not receive rewards anymore, but slashing is still possible. This means your Atoms are illiquid for 21-days after you decide to stop staking. You will not be able to trade them on an exchange etc until the 21 days have passed. There are however exchanges now looking at offering services where you keep your ATOM on their exchange, and they stake them for you. This has advantages of being able to day trade etc whilst still earning rewards to counter inflation. The downsides are that they normally charge high commission (30%), plus security wise its not great to have everyone leaving their tokens on an exchange as has been proven time and time again. The other potential issue is that it gives the exchanges a lot of voting power over the network if everyone uses them which creates centralisation and may be more inclined to vote on for governance that benefits them. EOS has this issue.
Whale Exchange, Newdex, Hufu, Bigone, and several other exchanges and wallets, have been elected as the top 10 BPs. In the meanwhile, the original supernodes, EOS Newyork, EOS42, EOS Authority, and EOS Canada, all have dropped out the top 21 rankings. Huobi Pool continues to see its dominance. At present, two of the top 5 ranked super nodes belong to one entity: EOSLaomao and Bigone exchanges both belong to the individual Laomao and team. The interests of the two are closely tied, and the strong essentially becomes stronger. And now we are seeing a phenomenon where an overarching number of top BPs are coming from mainland China, and in other words, we are seeing EOS even more centralized than before. Most of the top supernodes currently as of publishing date are either based in China or ran by a Chinese team Brian, the head of the EOS Amsterdam community, also believes that the exchange is considered to be the “leader in the ecosystem”. He is more worried, however, that the supernodes are almost occupied by mainland China nodes, leading to network security vulnerability, centralization and long-term negative PR. This would subsequently bring down the price of the token.
https://globalcoinresearch.com/2019/07/11/the-rising-trend-of-exchanges-participating-as-eos-bps-eos-becoming-even-more-centralized/?source=post_page---------------------------

Slashing

Staking is not without its risks and it’s important to choose a secure and trusted validator or risk having your tokens that are staked slashed. On the 29th June the first validator had all tokens that were staked with them slashed by 5% due to a misconfiguration which caused them to double sign a block. Whilst in this case, the slashing was neither the consequence of an attack on the network nor the result of a compromised validator key, it demonstrates that slashing is real and that validators should carefully design their infrastructure to mitigate the risk of losing their own and their delegators’ funds.

https://preview.redd.it/m0iqeqpddeb31.png?width=542&format=png&auto=webp&s=aaa36fc6a95a4f9f366e8cc7e980343117cb8cca

How to choose which Validator to delegate to?

The first metric I look at when evaluating validators is how much self-bond they have. If they have 30% or higher self-bond, this gives me confidence that they don’t want to get slashed as much as I (delegator) don’t want to get slashed. When a validator has low self-bond (1% or less), it makes me less likely to bond to them because they are playing with other peoples’ money, and there’s less incentive for them to bolster their setups. Many of the top validators are highly visible by making their contributions to the ecosystem known. A lot of them have built useful tools that add to the richness of the Cosmos ecosystem, and thus you recognize their brand through their contribution. For example, you would know about a validator because you’ve used their block explorer. All this of course isn’t telling of the hardness of their setups. This part is hard to verify yourself without going into their data centers and auditing their servers yourself. For now, doing your research on what they’ve got set up as described by their website/content is the best option to understanding what kind of setup they’ve built.
https://medium.com/@huobiwallet/cosmos-ama-on-huobi-wallet-d6b75f6ed492
Tendermint uses Proof of Stake where all validators are known before hand. The current maximum amount of Validators is 100. Validators run a full node for the Cosmos hub and provide its security, as well as being able to vote on Governance about future decisions for the Hub. The 100 Validators which stake the most ATOMs are selected. Currently the minimum amount of ATOM staked to be in the top 100 is 39,047 ATOMs.
The amount of ATOMs staked by a Validator is a combination of ATOM’s that the validator personally holds as well as Delegators, those that rather than run a validator, delegate their stake to another validator and receive a % of their rewards depending on the amount they delegate. There is normally a commision fee that the validator takes as a fee as a % of the rewards received for delegating to them which can normally ranges from 0% to 30% (can see in the picture below). This pays for the equipment, wages etc needed to run a secure validator.
https://preview.redd.it/w7fudoigdeb31.png?width=770&format=png&auto=webp&s=49835b8cb0972090187765a69366a143baadf342
Tendermint requires 2/3 of votes for consensus to be reached. Currently 2/3 of the vote are controlled by the Top 16 Validators (so effectively if these all agree to vote on a proposal then that would be sufficient without the input of the other 84).
If a validator / group of validators control more than 1/3 of the vote then whilst they can’t force any changes through, they can prevent any further proposals from being accepted that they don’t agree with regardless of what other validators vote. So the idea is to have the voting power distributed widely throughout the top 100 for more decentralisation.

Calculating the values for Cosmos

Current Total Supply:

There is no fixed total supply of ATOMs and the total supply will increase each year by between 7% and 20% due to inflation.
https://stargate.cosmos.network/staking/pool
{ "not_bonded_tokens": "71341288426570", "bonded_tokens": "170079253911157" }
Bonded Tokens + Not Bonded Tokens = Total Supply.
The values in the API include 6 decimal places so you need to divide the number by 1,000,000. So to work out the total supply it would be:
(71341288426570 + 170079253911157) / 1,000,000 = 241,420,542.337727‬ ATOM
You then have a minimum of 7% and a maximum of 20% inflation per year on top of that depending on how much has been staked.

Circulating Supply:

The only tokens that are under a vesting period are for All in Bits Inc (AiB, the company doing business as “Tendermint”). They have a total of 23,619,895.81 ATOMs vested which are split into two sets, each subject to a different form of vesting.
The first set consists of 1,777,707 ATOMs allocated to 44 addresses owned by AiB founders, contractors, and employees, current and past. These atoms are non-transferable for 12 months, but can be used for staking and governance. These will become unlocked on the 13th March 2020.
The remaining set of AiBs atoms are held in an AiB multisig and vest continuously starting 2 months after genesis. This is a total of 21,842,188.81 ATOMs.
Each month 992,826.76 of these are released on the 13th (Starting May 13th 2019 and finishing on March 13th 2021.
So Circulating Supply = Total Supply — (Amount Vested by AIB)
Circulating Supply = 241,039,982.546951 — (1,777,707– (21,842,188.81 — (3 x 992,826.76)) (represents 3 months which have been released so far)
Circulating Supply = 220,398,567.016951 ATOMs
Current Market Cap: $872,778,325.39

How to work out Profit from Staking

The Annual reward yield is currently 10.19 % which can be seen from sites such as here
This is the bit where people get confused with staking. They see 10.19 % reward and think easy money, passive income etc. What you need to understand is that these rewards are from new ATOMs being minted and added to the supply via inflation. And so with a higher supply the value of each ATOM is worth less.

Calculate effective reward rate in ATOMs

((100% — Commission Rate%) * Yield Rate) — Inflation
So if you delegate with a validator which charges 20% commission
It would be (0.8 * 10.19) — 7.66 = 0.492% a year in ATOMs

Calculate effective profit in FIAT terms

ATOMs hasn’t been trading for a full year but if we take the first value in CMC which is $6.44 and is currently $3.95 which is a decrease of 38.66% per ATOM. The yearly reward yield is 10.19% so in profit terms its 10.19–38.66 = -28.47%
Profit in USD Terms = 10.19–38.66 = a loss of 28.47% in USD

Calculate effective profit in BTC terms

At the start of trading each ATOM was worth 0.00164490 satoshis, as of the time of this writing they are now 0.00037155 satoshis which is a decrease of 77.41%
Profit in BTC terms = Reward Rate + Change in Price per ATOM in BTC over year
Profit in BTC Terms = 10.19–77.41 = a loss of 67.22 % in BTC
Note that these calculations do not include transaction costs for traffic going through the Hub. Once IBC is released (minimum viable product version is supposed to be at the end of this year, so i would estimate mid next year for full feature version to be released), adoption of the ecosystem will increase and zones will be transferring between each other over hubs then additional revenue is earned via transaction fees of other tokens.
This site you can see the correct value for Total Supply, % Bonded and Inflation Rate https://www.mintscan.io/
Be warned there are some other sites such as https://stakingrewards.com/asset/atom which show incorrect values (for example they say the staking ratio is currently 88.06% which is incorrect and skews the figures for rewards. Mintscan is accurate and the API site that i listed before is direct from the Cosmos Official website so is correct.
https://medium.com/@CryptoSeq/cosmos-atom-token-and-the-commonly-misunderstood-staking-tokens-part-three-958c295c5b78
submitted by xSeq22x to CryptoCurrency [link] [comments]

Hindsight, negativity, and missing the boat.

Wanted to just share a personal experience that may be applicable to weedstocks given the current discussion around priced in, valuations, etc.
In 2010/2011 a friend and I were in college and got heavy into researching bitcoin and the idea of cryptocurrency. Bitcoin and later Litecoin were the only two coins available and I was mining on my iMac between classes, mostly for fun. I was part of a pool and at that time 1 block mined = 50 btc.
Bitcoin was around $1 and aside from the theoretical and technical arguments for cryptocurrency, the constant point of discussion you heard on the main forums was that the power cost of mining was simply too high to generate a profit, unless you spent serious money for a decent rig, but even if you did the new GPU (and later ASIC) rigs were going to make your rig obsolete and you would need to spend at least 20K to effectively mine (but the power costs!).
There was constant FUD that made me feel like I had missed the boat and simply got in too late. The point of this post is that in hindsight it was the absolute perfect time to start mining, the fundamental argument for why it could increase in value was solid, and the rising value + advances in technology made mining wildly profitable regardless of power costs. Over the past few years it's been surreal to see crypto specials on the evening news. (Things have obviously gotten out of hand but that's another topic altogether).
I never made money on crypto because I figured I missed the boat. A lot of the comments on here remind me of those early days on the bitcoin boards. Valuations are totally bogus and far too high in many cases but I do think this is still early days and that some of these companies (or new ones!) will achieve massive financial success.
Anyways, stick to your convictions, it's bound to be a bumpy ride. Here's to 50K subs and legalization of recreational cannabis in Canada being right around the corner.
Edit: I want to make it abundantly clear that I'm not saying now is a good time to buy/hold.
submitted by sendnudezpls to weedstocks [link] [comments]

Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million. What do you think about Hut 8’s quarterly performance? Let us know in the comments below.

Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million. What do you think about Hut 8’s quarterly performance? Let us know in the comments below.
Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million.

Revenue Soars but Profits Fall

During the third quarter of 2018, the Toronto-listed miner extracted 1,978 BTC at a cost of $3,394 per coin, almost half the average market price of bitcoin for the three months, which averaged $6,400. Hut 8 said this difference explains the profit on mining, at margins of about 51 percent. Overall, the company mined 3,581 BTC for the nine months to Sept. 30, and 4,200 BTC since operations began in December 2017.
According to the earnings release published Nov. 8, Hut 8 reported revenue increase of 126 percent to $13.4 million from $5.9 million the previous quarter due to increased operational capacity. The $189 million-valued company deployed an additional 16 Blockboxes in September at its mining facility in the City of Medicine Hat (CMH), bringing it to a total 56 Blockboxes at the site.
Adjusted earnings before interest, tax, depreciation and amortization soared 86 percent to $5.5 million from $2.96 million a quarter earlier, “largely as a result of increased revenue from the new facility at CMH.” Hut 8 expects to see improved efficiency of the ASIC chips used to mine bitcoin during the colder months in Alberta, western Canada.
Through Bitfury, Hut 8 has access to a proprietary mix of hardware, software and operational expertise to construct, optimize and manage data centres in low-cost and attractive jurisdictions.
Shares of Hut 8 are up 4.21 percent at $2.25 in Toronto trading at the time of going to press. Over the past 52 weeks, Hut 8 shares have reached a high of $3.80 and a low of $1.77.
What do you think about Hut 8’s quarterly performance? Let us know in the comments below.
https://preview.redd.it/imycyxv6uhx11.png?width=493&format=png&auto=webp&s=14b98869ae950b3121339a736cbe1cf9ded9e9bc
submitted by hexabond to Bitcoin [link] [comments]

r/Bitcoin recap - September 2018

Hi Bitcoiners!
I’m back with the 21st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
submitted by SamWouters to Bitcoin [link] [comments]

Bitcoin-Mining Machine Market Size, Share & Trend | Industry Analysis Report, 2023

Bitcoin-Mining Machine Market Size, Share & Trend | Industry Analysis Report, 2023
Bitcoin-Mining Machine Market
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North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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submitted by hannah_jack to MechGadgetReports [link] [comments]

Decred Journal – August 2018

Note: you can read this on GitHub (link), Medium (link) or old Reddit (link) to see all the links.

Development

dcrd: Version 1.3.0 RC1 (Release Candidate 1) is out! The main features of this release are significant performance improvements, including some that benefit SPV clients. Full release notes and downloads are on GitHub.
The default minimum transaction fee rate was reduced from 0.001 to 0.0001 DCkB. Do not try to send such small fee transactions just yet, until the majority of the network upgrades.
Release process was changed to use release branches and bump version on the master branch at the beginning of a release cycle. Discussed in this chat.
The codebase is ready for the new Go 1.11 version. Migration to vgo module system is complete and the 1.4.0 release will be built using modules. The list of versioned modules and a hierarchy diagram are available here.
The testnet was reset and bumped to version 3.
Comments are welcome for the proposal to implement smart fee estimation, which is important for Lightning Network.
@matheusd recorded a code review video for new Decred developers that explains how tickets are selected for voting.
dcrwallet: Version 1.3.0 RC1 features new SPV sync mode, new ticket buyer, new APIs for Decrediton and a host of bug fixes. On the dev side, dcrwallet also migrated to the new module system.
Decrediton: Version 1.3.0 RC1 adds the new SPV sync mode that syncs roughly 5x faster. The feature is off by default while it receives more testing from experienced users. Other notable changes include a design polish and experimental Politeia integration.
Politeia: Proposal editing is being developed and has a short demo. This will allow proposal owners to edit their proposal in response to community feedback before voting begins. The challenges associated with this feature relate to updating censorship tokens and maintaining a clear history of which version comments were made on. @fernandoabolafio produced this architecture diagram which may be of interest to developers.
@degeri joined to perform security testing of Politeia and found several issues.
dcrdata: mainnet explorer upgraded to v2.1 with several new features. For users: credit/debit tx filter on address page, showing miner fees on coinbase transaction page, estimate yearly ticket rewards on main page, cool new hamburger menu and keyboard navigation. For developers: new chain parameters page, experimental Insight API support, endpoints for coin supply and block rewards, testnet3 support. Lots of minor API changes and frontend tweaks, many bug fixes and robustness improvements.
The upcoming v3.0 entered beta and is deployed on beta.dcrdata.org. Check out the new charts page. Feedback and bug reports are appreciated. Finally, the development version v3.1.0-pre is on alpha.dcrdata.org.
Android: updated to be compatible with the latest SPV code and is syncing, several performance issues are worked on. Details were posted in chat. Alpha testing has started, to participate please join #dev and ask for the APK.
iOS: backend is mostly complete, as well as the front end. Support for devices with smaller screens was improved. What works now: creating and recovering wallets, listing of transactions, receiving DCR, displaying and scanning QR codes, browsing account information, SPV connection to peers, downloading headers. Some bugs need fixing before making testable builds.
Ticket splitting: v0.6.0 beta released with improved fee calculation and multiple bug fixes.
docs: introduced new Governance section that grouped some old articles as well as the new Politeia page.
@Richard-Red created a concept repository sandbox with policy documents, to illustrate the kind of policies that could be approved and amended by Politeia proposals.
decred.org: 8 contributors added and 4 removed, including 2 advisors (discussion here).
decredmarketcap.com is a brand new website that shows the most accurate DCR market data. Clean design, mobile friendly, no javascript required.
Dev activity stats for August: 239 active PRs, 219 commits, 25k added and 11k deleted lines spread across 8 repositories. Contributions came from 2-10 developers per repository. (chart)

Network

Hashrate: went from 54 to 76 PH/s, the low was 50 and the new all-time high is 100 PH/s. BeePool share rose to ~50% while F2Pool shrank to 30%, followed by coinmine.pl at 5% and Luxor at 3%.
Staking: 30-day average ticket price is 95.6 DCR (+3.0) as of Sep 3. During the month, ticket price fluctuated between a low of 92.2 and high of 100.5 DCR. Locked DCR represented between 3.8 and 3.9 million or 46.3-46.9% of the supply.
Nodes: there are 217 public listening and 281 normal nodes per dcred.eu. Version distribution: 2% at v1.4.0(pre) (dev builds), 5% on v1.3.0 (RC1), 62% on v1.2.0 (-5%), 22% on v1.1.2 (-2%), 6% on v1.1.0 (-1%). Almost 69% of nodes are v.1.2.0 and higher and support client filters. Data snapshot of Aug 31.

ASICs

Obelisk posted 3 email updates in August. DCR1 units are reportedly shipping with 1 TH/s hashrate and will be upgraded with firmware to 1.5 TH/s. Batch 1 customers will receive compensation for missed shipment dates, but only after Batch 5 ships. Batch 2-5 customers will be receiving the updated slim design.
Innosilicon announced the new D9+ DecredMaster: 2.8 TH/s at 1,230 W priced $1,499. Specified shipping date was Aug 10-15.
FFMiner DS19 claims 3.1 TH/s for Blake256R14 at 680 W and simultaneously 1.55 TH/s for Blake2B at 410 W, the price is $1,299. Shipping Aug 20-25.
Another newly noticed miner offer is this unit that does 46 TH/s at 2,150 W at the price of $4,720. It is shipping Nov 2018 and the stats look very close to Pangolin Whatsminer DCR (which has now a page on asicminervalue).

Integrations

www.d1pool.com joined the list of stakepools for a total of 16.
Australian CoinTree added DCR trading. The platform supports fiat, there are some limitations during the upgrade to a new system but also no fees in the "Early access mode". On a related note, CoinTree is working on a feature to pay household bills with cryptocurrencies it supports.
Three new OTC desks were added to exchanges page at decred.org.
Two mobile wallets integrated Decred:
Reminder: do your best to understand the security and privacy model before using any wallet software. Points to consider: who controls the seed, does the wallet talk to the nodes directly or via middlemen, is it open source or not?

Adoption

Merchants:

Marketing

Targeted advertising report for August was posted by @timhebel. Facebook appeal is pending, some Google and Twitter campaigns were paused and some updated. Read more here.
Contribution to the @decredproject Twitter account has evolved over the past few months. A #twitter_ops channel is being used on Matrix to collaboratively draft and execute project account tweets (including retweets). Anyone with an interest in contributing to the Twitter account can ask for an invitation to the channel and can start contributing content and ideas there for evaluation by the Twitter group. As a result, no minority or unilateral veto over tweets is possible. (from GitHub)

Events

Attended:
For those willing to help with the events:
BAB: Hey all, we are gearing up for conference season. I have a list of places we hope to attend but need to know who besides @joshuam and @Haon are willing to do public speaking, willing to work booths, or help out at them? You will need to be well versed on not just what is Decred, but the history of Decred etc... DM me if you are interested. (#event_planning)
The Decred project is looking for ambassadors. If you are looking for a fun cryptocurrency to get involved in send me a DM or come talk to me on Decred slack. (@marco_peereboom, longer version here)

Media

Decred Assembly episode 21 is available. @jy-p and lead dcrwallet developer @jrick discussed SPV from Satoshi's whitepaper, how it can be improved upon and what's coming in Decred.
Decred Assembly episodes 1-21 are available in audio only format here.
New instructional articles on stakey.club: Decrediton setup, Deleting the wallet, Installing Go, Installing dcrd, dcrd as a Linux service. Available in both English and Portuguese.
Decred scored #32 in the August issue of Chinese CCID ratings. The evaluation model was explained in this interview.
Satis Group rated Decred highly in their cryptoasset valuation research report (PDF). This was featured by several large media outlets, but some did not link to or omitted Decred entirely, citing low market cap.
Featured articles:
Articles:
Videos:

Community Discussions

Community stats:
Comm systems news:
After another debate about chat systems more people began testing and using Matrix, leading to some gardening on that platform:
Highlights:
Reddit: substantive discussion about Decred cons; ecosystem fund; a thread about voter engagement, Politeia UX and trolling; idea of a social media system for Decred by @michae2xl; how profitable is the Obelisk DCR1.
Chats: cross-chain trading via LN; plans for contractor management system, lower-level decision making and contractor privacy vs transparency for stakeholders; measuring dev activity; what if the network stalls, multiple implementations of Decred for more resilience, long term vision behind those extensive tests and accurate comments in the codebase; ideas for process for policy documents, hosting them in Pi and approving with ticket voting; about SPV wallet disk size, how compact filters work; odds of a wallet fetching a wrong block in SPV; new module system in Go; security of allowing Android app backups; why PoW algo change proposal must be specified in great detail; thoughts about NIPoPoWs and SPV; prerequisites for shipping SPV by default (continued); Decred vs Dash treasury and marketing expenses, spending other people's money; why Decred should not invade a country, DAO and nation states, entangling with nation state is poor resource allocation; how winning tickets are determined and attack vectors; Politeia proposal moderation, contractor clearance, the scale of proposals and decision delegation, initial Politeia vote to approve Politeia itself; chat systems, Matrix/Slack/Discord/RocketChat/Keybase (continued); overview of Korean exchanges; no breaking changes in vgo; why project fund burn rate must keep low; asymptotic behavior of Decred and other ccs, tail emission; count of full nodes and incentives to run them; Politeia proposal translations and multilingual environment.
An unusual event was the chat about double negatives and other oddities in languages in #trading.

Markets

DCR started the month at USD 56 / BTC 0.0073 and had a two week decline. On Aug 14 the whole market took a huge drop and briefly went below USD 200 billion. Bitcoin went below USD 6,000 and top 100 cryptos lost 5-30%. The lowest point coincided with Bitcoin dominance peak at 54.5%. On that day Decred dived -17% and reached the bottom of USD 32 / BTC 0.00537. Since then it went sideways in the USD 35-45 / BTC 0.0054-0.0064 range. Around Aug 24, Huobi showed DCR trading volume above USD 5M and this coincided with a minor recovery.
@ImacallyouJawdy posted some creative analysis based on ticket data.

Relevant External

StopAndDecrypt published an extensive article "ASIC Resistance is Nothing but a Blockchain Buzzword" that is much in line with Decred's stance on ASICs.
The ongoing debates about the possible Sia fork yet again demonstrate the importance of a robust dispute resolution mechanism. Also, we are lucky to have the treasury.
Mark B Lundeberg, who found a vulnerability in atomicswap earlier, published a concept of more private peer-to-peer atomic swaps. (missed in July issue)
Medium took a cautious stance on cryptocurrencies and triggered at least one project to migrate to Ghost (that same project previously migrated away from Slack).
Regulation: Vietnam bans mining equipment imports, China halts crypto events and tightens control of crypto chat groups.
Reddit was hacked by intercepting 2FA codes sent via SMS. The announcement explains the impact. Yet another data breach suggests to think twice before sharing any data with any company and shift to more secure authentication systems.
Intel and x86 dumpsterfire keeps burning brighter. Seek more secure hardware and operating systems for your coins.
Finally, unrelated to Decred but good for a laugh: yetanotherico.com.

About This Issue

This is the 5th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack.
Contributions are welcome too. Some areas are collecting content, pre-release review or translations to other languages. Check out @Richard-Red's guide how to contribute to Decred using GitHub without writing code.
Credits (Slack names, alphabetical order): bee, Haon, jazzah, Richard-Red and thedecreddigest.
submitted by jet_user to decred [link] [comments]

Why G Mining Inc. Should Be Your Top Choice for Bitcoin Cloud Mining

Why G Mining Inc. Should Be Your Top Choice for Bitcoin Cloud Mining

https://preview.redd.it/sjvrfvb80pk31.png?width=1000&format=png&auto=webp&s=2fee0b55291aa510feaaef5c2bf73108003f7829
Cryptocurrency fans who want to get into Bitcoin Cloud Mining and are looking for competitive prices and friendly customer service should take a serious look at G Mining Inc.

G Mining Inc Is Registered in Canada

The company is based in Canada and is approved by the Ministry of Government Services Ontario. Users can look up the information at the Federal Corporation Information, Government of Canada — G Mining Inc. can be found under Corporation Number 1153225–1 and Business Number 779657675RC0001. G Mining Inc. has achieved compliance with all the requirements necessary to conduct business in its area of operation.

Making Cloud Mining Accessible to All

Cryptocurrencies are reshaping the world of finance, and the benefits of decentralization are making high transaction fees and centralized controls over the flow of money a thing of the past. Bitcoin Cloud Mining is among the best ways to take advantage of this trend, and G Mining Inc. makes it possible for everyone to access this technology.
G Mining Inc. is giving an opportunity from people across the globe to benefit from legitimate Bitcoin Cloud Mining solutions. Users always stay in control of their assets, and make significant profits from Bitcoin’s unprecedented rise towards becoming a major asset class.

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With cloud mining, you do not need to purchase specialized hardware or worry about a skyrocketing electricity bill — G Mining Inc. makes it possible for you to leverage the processing power of remote data centers which are set up to mine Bitcoin in the most efficient way possible.
However, you will need to choose the Bitcoin Cloud Mining contract that works best for you. G Mining Inc. presents a suite of options, which vary by hash power, maintenance fees and other factors. Most users opt for the 200 TH//s 24-month Bitcoin plan.
Plans with a higher hash rate open up a broader range of possibilities when it comes to cloud mining. Before choosing any specific plan, it’s recommended that you explore all the available options and see which plan suits your needs the best.

What Makes G Mining Inc. the Best Platform for Bitcoin Cloud Mining?

G Mining Inc. has solutions for both beginners and advanced users, who can benefit from the company’s sizeable technological resources. The company provides cloud capacity, supplies mining hardware and takes care of maintenance on the behalf of its customers. Here’s just some of the reasons why using G Mining Inc. will give you the best Bitcoin Cloud Mining experience:
  • Significant hash power capacity — over 231.5 Ph/s;
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At the moment, G Mining Inc. only provides services for Bitcoin mining, but it does not plan to stop there. Support for Ethereum and other cryptocurrencies is being worked on and will be deployed as soon as possible.
G Mining Inc.’s customers gain access to a dashboard that allows them to monitor a multitude of market statistics and see their projected earnings.
You can start Bitcoin Cloud Mining with G Mining Inc. today — simply choose a plan, set the desired hash power and you’re good to go!
More detail is available on the company’s website: GMINING.IO
submitted by GTE_IO to u/GTE_IO [link] [comments]

Decred Journal — June 2018

Note: You can read this on GitHub, Medium or old Reddit to see the 207 links.

Development

The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal.
Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue.
dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues.
Ticket splitting: 11-way ticket split from last month has voted (transaction).
Ethereum support in atomicswap is progressing and welcomes more eyeballs.
decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page.
decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here.
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)

Network

Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1.
Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).

ASICs

Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.comtranslated, also on asicminervalue)
dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.

Integrations

bepool.org is a new mining pool spotted on dcred.eu.
Exchange integrations:
Two OTC trading desks are now shown on decred.org exchanges page.
BitPro payment gateway added Decred and posted on Reddit. Notably, it is fully functional without javascript or cookies and does not ask for name or email, among other features.
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their post or ask their representative on Reddit. Important: do your best to understand the security model before using any wallet software.

Adoption

Merchants:
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now mining Decred.

Events

Attended:
Upcoming:

Media

stakey.club: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
Second iteration of Chinese ratings released. Compared to the first issue, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Videos:
Audio:
Featured articles:
Articles:

Community Discussions

Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS.
A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance" article was discussed on Reddit and #governance.
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here.
Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.

Markets

DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.

Relevant External

Obelisk announced Launchpad service. The idea is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash was hit by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos announced a surprise identification procedure to claim tokens (non-javascript version).
A hacker broke into Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to verify binaries after download.
Circle announced new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)

About This Issue

This is the third issue of Decred Journal after April and May.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue.
As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
submitted by jet_user to decred [link] [comments]

Why I love Botnet & Browser Mining.

I think a chaotic and constantly changing mining environment is good for decentralization.
There is something called the competitive exclusion principle which states: two species competing for the same limiting resource cannot coexist at constant population values. When one species has even the slightest advantage over another, the one with the advantage will dominate in the long term. This leads either to the extinction of this competitor or to an evolutionary or behavioral shift toward a different ecological niche. https://en.m.wikipedia.org/wiki/Competitive_exclusion_principle
Now, all miners are competing for the exact same thing: the block reward. If cost of electricity, cost of hardware, difficulty/difficulty increase, and every other factor were constant, the most savvy miner could continuously reinvest their profits and eventually overtake the entire network. The more constant it is, the more likely you'll see centralization: look at how few and how big the mining pools for Bitcoin are becoming.
Imagine if a government were to strategically reduce/remove taxes and subsidize electrical costs for ASIC miners: instantly, miners in that country would be more profitable than anywhere else and soon the majority of miners would be in that country. . That country could easily have 51%+ the mining power, and ultimately could sieze the miners hardware if they don't cooperate with them.
Alternatively, imagine a place with cheap electricity, and a use for the heat generated. Imagine a place like Sweden or Canada. Maybe the heat generation could be used for greenhouses or heating Walmarts since it's a cold place, and the electricity is cheap.
The fact that we can have smaller GPU/CPU miners, botnet mining, browser mining, and that the GPU/CPU have higher utility for different things: different coins, gaming, artificial intelligence computation, etc, etc ultimately means we have a far higher and more chaotic environment which will ultimately reduce the risk of centralization.
If a government were to try the same attack on us, we'd likely be more decentralized: web browser mining and botnets already get electricity for free. People with certain rent/dorm rooms have fixed costs and are getting their electricity for free, which combined with the fact that the barrier to entry for mining is far lower (any computer vs buying an ASIC miner from China), they are more likely to do it.
Botnets are not stable. Computers get updated, exploits get fixed etc so botnet mining is a great source of chaos.
ASICs, as I think we can observe in the real world is bad for decentralization. The reason they are bad is the same reason why CPU and GPU mining is good for decentralization. Anything that adds chaos and uncertainty to mining makes it more decentralized because the constantly changing environment allows for different strategies to be more profitable for certain periods of times and nothing can become so well established as to take over the network.
submitted by Vespco to Monero [link] [comments]

MINEDBLOCK: A Revolutionalized mining industry

Minedblock is a Revolutionary Infrastructure for Profitable Mining and Crypto Mining With the prospect of investors interested in using resources from large mining companies to get a few coins to prevent the purchase or storage of very expensive hardware.
Minedblock offers interesting features, including:
Structure: Here the yield momentum gets constant attention and is found between coins with the speed of achievement that changes in depth, the goal being resistance to first-class abilities.
Mining facilities are replaced one by one and replaced. In principle, it will also play a role, including ASIC mining resources in an effort to prevent Jota centralization, including building a variety of quantities that are easy to use by customers.
MinedBlock conducts an inventory to ensure that mining is an important aspect of current mining or the income of dependent individuals
MinedBlock models the possibility to consider whether mining as the incarnation of existing pool mining or even better depends on our individual hashing performance is first class for coin production.
hardware:
MinedBlock will primarily use a mix of ASIC units near a custom GPU mining rig.
Geographical location
Electricity costs and, of course, climate are important factors for decision making or selection of areas that are only thought politically to facilitate the kriptodobiv parties, which are otherwise needed to build mining farms somewhere and then there will be limited movement.
The first phase of building our mining land will use ASIC Bitcoin and Bitcoin money units when they start operating. They are assisted by an office in Iceland, where the atmosphere and energy costs are positive.
Our GPU devices are manufactured, managed and continue to move first from the UK to ensure they are reliable and easily watched remotely before moving to offices in Iceland, Canada or Sweden.
Adapt to change
Mining is clearly a very serious problem, so the initiators of the MinedBlock project will always monitor our mining lessons and appreciate where we can change our miners in different climates, increase the prospect of profit. Subsequent and subsequent updates and forks are also monitored to ensure that Minedblock is permanently prepared for adjustment.
basic needs
MinedBlock has two basic needs after the main implementation to increase the potential return on investment for our token owners:
• Increase our profits
• Reducing our costs
Increase profitability
• Mining operations develop from month to month
• Technology is maintained to ensure that we have the latest hardware
• Mining activities change fundamentally among coins to provide a basic guarantee that we are the most profitable
Reduce our costs
• Reducing energy costs by solar energy, different areas and other energy sources
• Reduce hosting costs by providing your own office space
Token information
Ticker: MBTX
Type: Utility-token
Accepted currencies: BTC, POLY, ETH, Fiat
Bonus Program:
Pre Sale Stage 1: 90% discount
Pre Sale Stage 2: 85% discount
Token Distribution:
0.38% - Airdrop
1.25% - Airdrop
3.37% - Retained
3.75% - Founders
91.25% - Pre-Sale
Funds Allocation:
80% - Mining Equipment
10% - Datacenter Build
10% - Reserve
ICO Details
Pre-ICO token supply: 60,000,000 MBTX
ICO token supply: 305,000,000 MBTX
Soft cap: 1,000,000 USD
Hard cap: 15,000,000 US
Website: https://www.minedblock.io/
Facebook: https://www.facebook.com/MinedBlock/
Twitter: https://twitter.com/mined_block
Reddit: https://www.reddit.com/MinedBlock
Twitter: https://t.me/minedblockofficial
WhitePaper Version 3.1: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Bountyox username: wandiiee
submitted by endowediphy to BountyICO [link] [comments]

Forkdrop.io Weekly Digest 2018-07-05

https://forkdrop.io and follow us on Twitter https://twitter.com/forkdrop
We will be attending the Bitcoin Rodeo http://bitcoinrodeo.com/ in Calgary, Alberta, Canada on Monday and Tuesday next week. If anyone else is attending, give us a ping and we would love to meet up and say hello.
Forks: 114 ( Bitcoin: 74 Altcoin: 19 Historic: 21) - Exchanges: 90
News:
  1. Bitcoin Gold (BTG) had their hard fork to change their PoW algorithm. Is now Equihash-BTG instead of plain Equihash which is still GPU-friendly. This is to address Bitmain's ASICs for Equihash, but also the recent concerns about 51% attacks. The new algo requires 2.5 GB RAM to run efficiently. This should not affect bitcoin_fork_claimer's support for creating BTG transactions. https://bitcoingold.org/equihash-btg/
  2. Bitcoin Interest (BCI) is reporting that they are experiencing 51% attacks. They have or will be reverting the chain 180 blocks and coordinating with the exchanges. They are preparing a new code release in the new future with a hard fork to the transaction format to fix the previously-noted replay attack issues - this will require a patch to bitcoin_fork_claimer to continue working.
  3. There is an unmerged PR for offline transaction signing on bitcoin_fork_claimer https://github.com/ymgve/bitcoin_fork_claimepull/61
Random News:
  1. Building on Bitcoin conference was this week. All great stuff, but a few recommended talks relevant to privacy/anonymity: u/nopara73's talk on ZeroLink and Wasabi Wallet: https://youtu.be/XORDEX-RrAI?t=1026 Also, Adam Gibson's talk on CoinJoin and some of the concepts in mixing and defeating chainalaysis was very informative: https://youtu.be/XORDEX-RrAI?t=23399 Giulia Fanti's presentation on Dandilion is an extremely clear explanation of the proposal and distinction from Onion routing solutions: https://youtu.be/XORDEX-RrAI?t=27278 (we haven't yet watched Day 2, I am sure there is great talks to recommend there)
Updates:
submitted by forkdrop to BitcoinAirdrops [link] [comments]

Mining Approach Strategy.

Mining activities will be continuously monitored and switched between coins when the difficulty and success rates fluctuate. The ultimate goal will be to maintain maximum efficiency at all times.Mining equipment will be regularly resold and replaced. There will be a split between suppliers of ASIC miners to prevent any kind of centralisation and to increase diversity available for customers to utilise. MinedBlock will evaluate whether mining as part of an existing mining pool or being reliant on our own hash rate output is the most effective to produce crypto assets.
HardwareMinedBlock will utilise a mixture of ASIC units alongside Custom Built GPU Mining Rigs.The initial plan is to split investment between the equipment below:Bitmain Antminer S9 –BTC/BCH (BCHABC)Bitmain Antminer L3++ –LTCBitmain Antminer D3 –DashCustom built 8 GPU rigs –ETH/ETCWe reserve the right to change this initial selection at the point of purchase based on price and depending on the availability of newer and more efficient hardware
LocationElectricity costs and climate are the key considerations for choice of location as well as considering the political attitude of hosting Countries towards crypto mining, the last thing we would want isto build a mining farm somewhere and then it become a restricted activity. The first phase of our Mining Farm build will be using ASIC Bitcoin and Bitcoin Cash mining units as they are built ready to use. These will be hosted from a facility in Iceland where the climate and electricity costs are favourable.Our GPU mining rigs will be built, configured and run from the United Kingdom initially to ensure they are reliable and easy to manage remotely before moving them to a facility in either Iceland, Canada or Sweden.
Adapting to ChangeMining cryptocurrency isn’t as simple as ‘plug and play and walk away’, the team at MinedBlock will constantly be monitoring our mining activities and evaluating where we could switch the miners to an alternative currency to increase profitability. Upcoming updates and forks will also be monitored to ensure we are always ready to adapt.
https://mindblock.io
Bounty0x Username: Osoname
submitted by EbubeS to ico [link] [comments]

MINEDBLOCK: REVOLUNTIONIZING MINING

Minedblock: A Revolutionary Infrastructure Facilitating Most Cost- Efficient Crypto Mining
The Minedblock infrastructure is the future of mining in the blockchain space.
With the prospect for interested investors to utilize resources from bigger operations of mining to mine numerous coins averting the to buy or stock hugely expensive hardware.
The Minedblock comes with fascinating features and these include:
The Structure: Here the mining dynamics persistently receives attention and is transacted between coins, as the accomplishment rates change, the deep-seated goal turns to maintain top-notch proficiency sustainably.
Mining gear shall be substituted and replaced consistently. Basically, also, there will be a role involving the sources of ASIC miners in a bid to forestall any iota of centralization including building a varied number of easy to get for utilization by clients.
MinedBlock will take an inventory case to ascertain mining as a major aspect of present mining collection or individually dependent hash rate yield
MinedBlock has been modelled to weigh the option concerning if mining as an embodiment of a subsisting mining pool or better still being dependent on our individual productivity hash rate is top-notch to fabricate coins.
Hardware:
MinedBlock will basically utilize a blend of ASIC units close by Custom Built GPU Mining Rigs.
The Geographical Spot
Power expenses and of course the climate are the key contemplations for decision making or choosing of an area, just as considering the political frame of mind of facilitating Countries towards crypto mining, the exact opposite thing needed is to construct a mining ranch someplace and after that, it becomes a limited movement.
The primary period of our Mining Farm assemble will utilize ASIC Bitcoin and Bitcoin Cash mining units as they are constructed prepared to utilize. These will be facilitated from an office in Iceland where the atmosphere and power costs are positive.
Our GPU mining apparatuses will be manufactured, arranged and keep running from the United Kingdom at first to guarantee they are dependable and simple to oversee remotely before moving them to an office in either Iceland, Canada or Sweden.
Adjusting To Change
Mining is obviously very serious business, hence the initiators of this project at MinedBlock will always be observing our mining exercises and assessing where we could change the miners to another clime to expand the prospect of profitability. Up and coming updates and forks will likewise be observed to guarantee Minedblock is constantly prepared to adjust.
Core Needs
MinedBlock has two key needs following the underlying Implementation intend to expand the potential Return on Investment for our Token Holders:
• Increase our yield
• Reduce our expenses
Expanding Our Yield
• Mining Farms will be developed a month to month premise
• Technology will be observed to guarantee we have the most recent hardware
• Mining activities will basically be altered among coins to provide core assurances that we are the most gainful we can be
Decreasing Our Expenses
• Reduction of power costs through sun oriented power, various areas and other sources of power techniques
• Hosting cost reduction via provisioning their very own offices
OTHER MINEDBLOCK KEY INFORMATION:
Token Info
Ticker: MBTX
Type: Utility-token
Accepted currencies: BTC, POLY, ETH, Fiat
Bonus Program:
Pre Sale Stage 1: 90% discount
Pre Sale Stage 2: 85% discount
Token Distribution:
0.38% - Airdrop
1.25% - Airdrop
3.37% - Retained
3.75% - Founders
91.25% - Pre-Sale
Funds Allocation:
80% - Mining Equipment
10% - Datacenter Build
10% - Reserve
ICO Details
Pre-ICO token supply: 60,000,000 MBTX
ICO token supply: 305,000,000 MBTX
Soft cap: 1,000,000 USD
Hard cap: 15,000,000 US
Website: https://www.minedblock.io/
Facebook: https://www.facebook.com/MinedBlock/
Twitter: https://twitter.com/mined_block
Reddit: https://www.reddit.com/MinedBlock
Twitter: https://t.me/minedblockofficial
WhitePaper Version 3.1: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
BOUNTY0X NAME: Osasu.
submitted by osasusyslvia to altcoin_news [link] [comments]

MinedBlock ICO (MBTX Token)


https://preview.redd.it/5m5llb4oqgx21.png?width=575&format=png&auto=webp&s=57a3340e7579d66dbf30ac37eeafe5bbc0619d2f
Cryptocurrency mining has an important role in the way blockchain networks work. Mining is not just a way to make money, miners solve critical math problems, approve other people's processes in the network, and open new blocks. At the same time, mining guarantees decentralization of the system, while helping to protect the blockade Pirates from attacks and fraud. MinedBlock now enables investors to use resources from large-scale crypto mining operations without having to purchase, install and maintain expensive mining equipment.
MinedBlock provides mining services as a product that the company manages all the equipment and ensures that they work best throughout the day with low operating costs and high productivity. This Krypto mining company can provide customers with special services at this level because they will establish a mining facility that emphasizes the mining of the highest subcoins with market capitalization to guarantee a wide range of revenue streams. Using this large-scale mining operation, MinedBlock will help improve the decentralization of subcoins, as well as increase its decentralization through international distribution of data centers.
A fundamental principle of minedblock is to ensure that customers achieve the highest level of transparency. Therefore, the company plans will be completely clear on revenue generation and progress in the ongoing mining field. As with the same panels and instant updates, it will be used to show the latest hash rates, including all cryptographic minesweeper, as well as mbtx tokens and projected revenues. MinedBlock is also committed to shaping mining projects according to customer feedback.
MinedBlock will continuously monitor mining activities and switch between altcoins when success rate and difficulty fluctuates. The ultimate goal will be to maintain maximum efficiency during operations to increase profits and minimize resource wastage. The company will also determine whether using existing mine pools or relying on their own mixed ratio will produce the best yield.

In hardware, mineblock will deploy a mix of GPU mining units that are customized with ASIC towers. While different ASIC suppliers are used to avoid any centralization and also to increase the variety of customers, all mining equipment will often be replaced and resold.

For location, climate and electricity costs are primary issues as well as the political acquisition of the host country. The first mining farm will use the ASIC BCH and bitcoin mining units and will be hosted at an Iceland facility where electricity costs and climate are advantageous. Meanwhile, the GPU towers will first be installed in Canada, Canada, Sweden or Iceland before moving to facilities.
MinedBlock Website
Whitepaper
Bounty0x username: demirci
submitted by wartech_17 to Crypto_General [link] [comments]

MinedBlock - Mining As A Service

MinedBlock - Mining As A Service

https://preview.redd.it/2nz3e8z2xpv21.png?width=306&format=png&auto=webp&s=1d839e275e476dc6cb79b022d04fcb172da952bf
MinedBlock offers the opportunity for investors to purchase our ST20 Security Token which is a digital asset backed by a corresponding Preference Share in MinedBlock Holding Limited (the Special Purpose Vehicle) that enables holders to receive a revenue share produced by our mining farms. Collectively, MBTX token holders will own 95% of the Special Purpose Vehicle and the associated costs and revenue so, therefore, will receive the revenue share each month based on the profit generated. Revenue will be shared respectively and equally between all token holders on a ‘payout per token’ model.
Strategy Mining activities will be continuously monitored and switched between coins when the difficulty and success rates fluctuate. The ultimate goal will be to maintain maximum efficiency at all times. Mining equipment will be regularly resold and replaced. There will be a split between suppliers of ASIC miners to prevent any kind of centralisation and to increase diversity available for customers to utilise. MinedBlock will evaluate whether mining as part of an existing mining pool or being reliant on our own hash rate output is the most effective to produce coins.
Hardware MinedBlock will utilise a mixture of ASIC token units alongside Custom Built GPU Mining Rigs.
Locations Electricity costs and climate are the key considerations for choice of location as well as considering the political attitude of hosting Countries towards crypto mining, the last thing we would want it to build a mining farm somewhere and then it become a restricted activity. The first phase of our Mining Farm build will be using ASIC Bitcoin and Bitcoin Cash mining units as they are built ready to use. These will be hosted from a facility in Iceland where the climate and electricity costs are favourable. Our GPU mining rigs will be built, configured and run from the United Kingdom initially to ensure they are reliable and easy to manage remotely before moving them to a facility in either Iceland, Canada or Sweden.
Adapting to Change Mining cryptocurrency isn’t as simple as ‘plug and play and walk away’, the team at MinedBlock will constantly be monitoring our mining activities and evaluating where we could switch the miners to an alternative currency to increase profitability. Upcoming updates and forks will also be monitored to ensure we are always ready to adapt.
Token info
Ticker: MBTX Type: Utility-token Token price in USD: 1 MBTX = 0.15 USD Accepted currencies: BTC BCH LTC ETH Bonus program: Pre Sale Stage 1: 90% discount Pre Sale Stage 2: 85% discount Token distribution: 91.25% - Pre-Sale 3.75% - Founders 3.37% - Retained 1.25% - Airdrop 0.38% - Airdrop Funds allocation: 80% - Mining Equipment 10% - Datacenter Build 10% - Reserve
MinedBlock ICO Roadmap
Q1 2018 / Project Concept Developed
Q2 2018 / Whitepaper Written Company Name and Branding Defined Q3 2018 / Website and Social Channels Launched / Whitepaper Released / Token Sale Announced / Token Sale Starts / Airdrop and Bounty Schemes Revealed
Q4 2018 / Initial ASIC and GPU Orders Placed / Datacenter Spaces Agreed
Q1 2019 / Mining Farm Builds / Mining Begins / Exchange Listings
Q2 2019 / Token Sale Ends / Final ASIC and GPU Orders Placed
Q3 2019 / Revenue Distribution Begins / Token Buy Back Starts
Q4 2019 and Beyond / Solar Farm Feasibility Study / Hosted Mining Service / TBC

Website: https://www.minedblock.io/
Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Bounty0x ID: ecamli
submitted by ecamli to BountyICO [link] [comments]

MinedBlock: Revealing mining operations

MinedBlock will usually reveal mining operations and transfer among altcoins whilst the fulfillment price and hassle trade. The viable goal will keep up the most severe effectiveness amid their obligations to build blessings and limit asset wastage. The company will likewise decide if utilizing existing mining swimming pools or depending without each person else hash price will supply the quality yield. As to, Mineblock will carry a blend of changed GPU mining units along ASIC rigs. All mining system can be supplanted and exchanged much of the time even as making use of extraordinary ASIC vendors to avoid any centralization and moreover to improve the assorted style of customers. For location, surroundings and electricity charges are vital contemplations nearby the political accumulating of the facilitating country. The most important mining ranch will make use of ASIC BCH and bitcoin mining units and it will likely be facilitated in an Iceland office in which the energy expenses and environment are favorable. In the interim, the GPU apparatuses might be installation in the UK first of all, earlier than being transported to offices in both Canada, Sweden or Iceland. MinedBlock Holding Limited will declare 75% of the all out Mining Service of which traders will possess ninety five%. MinedBlock Limited will own the relaxation of the five% and could declare 25% of the Mining Service. Additionally, it'll utilize mine earning to increase the guide of increment incomes. Members inside the closeout of safety tokens can be required to skip the KYC controls through the Minedblock.Io website to empower consideration in the white rundown via a clever settlement.
Bounty0x Username: omolad
submitted by Omolad to ICOAnalysis [link] [comments]

MinedBlock--Mining Approach

Strategy

Mining activities will be continuously monitored and switched between coins when the difficulty and success rates fluctuate. The ultimate goal will be to maintain maximum efficiency at all times. Mining equipment will be regularly resold and replaced. There will be a split between suppliers of ASIC miners to prevent any kind of centralisation and to increase diversity available for customers to utilise. MinedBlock will evaluate whether mining as part of an existing mining pool or being reliant on our own hash rate output is the most effective to produce crypto assets.

Hardware

MinedBlock will utilise a mixture of ASIC units alongside Custom Built GPU Mining Rigs.
The initial plan is to split investment between the equipment below:
Bitmain Antminer S9 – BTC/BCH (BCHABC)
Bitmain Antminer L3++ – LTC
Bitmain Antminer D3 – Dash
Custom built 8 GPU rigs – ETH/ETC
We reserve the right to change this initial selection at the point of purchase based on price and depending on the availability of newer and more efficient hardware

Location

Electricity costs and climate are the key considerations for choice of location as well as considering the political attitude of hosting Countries towards crypto mining, the last thing we would want is to build a mining farm somewhere and then it become a restricted activity. The first phase of our Mining Farm build will be using ASIC Bitcoin and Bitcoin Cash mining units as they are built ready to use. These will be hosted from a facility in Iceland where the climate and electricity costs are favourable. Our GPU mining rigs will be built, configured and run from the United Kingdom initially to ensure they are reliable and easy to manage remotely before moving them to a facility in either Iceland, Canada or Sweden.

Adapting to Change

Mining cryptocurrency isn’t as simple as ‘plug and play and walk away’, the team at MinedBlock will constantly be monitoring our mining activities and evaluating where we could switch the miners to an alternative currency to increase profitability. Upcoming updates and forks will also be monitored to ensure we are always ready to adapt.
https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
https://www.minedblock.io/
bounty0x ID: hllelek33
submitted by umttt1 to Crypto_General [link] [comments]

$7000 ASIC Miner Mined $1000 Dollars in Bitcoin in a Month ... How To Buy Bitcoin (QuickBT, Canada) New Bitcoin ASIC Miner from VedenMiner The Next Generation [Faster than ASIC] Bitcoin Money Maker [November 2013] Asic Miners Canada Group - Pricing Details

Einem neuen 7 nm ASIC, welche für das Mining von Bitcoin und anderen Kryptowährungen ausgelegt ist, welche auf dem Algorithmus SHA256 beruhen. Was kommt nach dem ASIC-Miner? Mining wurde zunächst mit CPUs durchgeführt, welche dann durch leistungsstarke Grafikkarten ersetzt wurden. Mit den ASIC-Minern wurde eine starke Spezialisierung vollzogen, denn diese können ausschließlich zum ... Schritt #3: Holen Sie sich Bitcoin Mining-Hardware. Ohne einen ASIC Miner werden Sie nicht abbauen können. ASIC Miner sind spezialisierte Computer, die ausschließlich zum Zweck des Bitcoin Minings konstruiert wurden. Versuchen Sie erst gar nicht, Bitcoins auf Ihrem Desktop- oder Laptop-Computer zu Hause zu gewinnen! Sie werden weniger als ... The specialized ASIC hardware needed to mine Bitcoin is expensive to buy and run. This means you’ll need to be willing to make a significant investment, and also have access to cheap electricity and a fast network connection if you want to mine Bitcoin at home. The first thing you’ll need to do is to purchase an ASIC miner. Prices vary depending on the device you choose and whether you buy ... Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity. Don’t Get Confused . There is Bitcoin mining hardware, which mines bitcoins. There are also Bitcoin hardware ... Ein Bitcoin ASIC (Application Specific Integrated Circuits) ist eine spezielle Hardware zum Minen von Bitcoins. Oftmals werde diese auch als Bitcoin-Generator bezeichnet. Parameter wie Hash-Rate, Stromverbrauch und Preis sind hierbei essentiell. DIe bekanntestes ASICs sind die von Antminer, Avalon und Jackson. 2 Gedanken zu „Bitcoin Mining – 60% RENDITE mit Bitcoin Mining noch möglich ...

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$7000 ASIC Miner Mined $1000 Dollars in Bitcoin in a Month ...

Bitcoin Mining is the execution of mathematical calculations by computer hardware to confirm Bitcoin transactions and increase security. As a reward for your services, Bitcoin-Miner may collect ... This video shows you how easy it is for Canadians to check out with QuickBT. Businesses: If you accept Bitcoin, you already accept Interac debit! https://quickbt.com. Veden has assembled a world class group of experts to design and build a BETTER SHA256 ASIC Bitcoin Miner manufacturing company. We are creating a miner that will last longer, operate quieter ... Our pricing details for Bitmain Antminer S9 and L3+ Group Buy. Shipping to Canada and US Only. ASIC Miners Canada enables individual miners in Canada and the... Tags: Cryptocurrency, Bitcoin, Ethereum, Litecoin, Mining. Category People & Blogs; Show more Show less. Loading... Advertisement Autoplay When autoplay is enabled, a suggested video will ...

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