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BiblePay (BBP)

BiblePay (BBP) is a Charity Christian Cryptocurrency that donates 10% of coins to Charity every month, sponsoring hundreds of orphans
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Bitcoin mentioned around Reddit: Best coin and USB ASIC miner to use for PI 3? /r/raspberry_pi

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Epic Cash AMA Recap with CryptoDiffer Community

CryptoDiffer team Hello, everyone! We are glad to meet here: Max Freeman (@maxfreeman4), Project Lead at Epic Cash Yoga Dude (@Yogadude), PR&Marketing at Epic Cash Xenolink (@Xenolink), Advisor at Epic Cash
Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here!
Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here!
Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us!
CryptoDiffer team Let`s start from the first introduction question: Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash?
Yoga Dude PR&Marketing at Epic Cash
Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing.
I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially.
Xenolink Advisor at Epic Cash
Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to u/Tetsugan and u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers!
Max Freeman Project Lead at Epic Cash
I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level.
CryptoDiffer team
Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:)
Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one?
Max Freeman Project Lead at Epic Cash
I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble
We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly.
There are some great short videos on our YouTube channel https://www.youtube.com/channel/UCQBFfksJlM97rgrplLRwNUg/videos
that explain why we believe we have created something truly special here.
Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange.
Yoga Dude PR&Marketing at Epic Cash
Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility.
Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved.
Xenolink Advisor at Epic Cash
To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry.
To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone.
CryptoDiffer team
Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months?
Yoga Dude PR&Marketing at Epic Cash
Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content.
We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money.
You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages
Max Freeman Project Lead at Epic Cash
Our future development roadmap will be published soon and includes 4 tracks:
Usability
Mining
Core Protocol
Ecosystem Development
Core Protocol
Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020
Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020
Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a
Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a
Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a
Usability
GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020
Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020
Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a
Mining
RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a
The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin.
Ecosystem Development
Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a
Xenolink Advisor at Epic Cash
From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide.
CryptoDiffer team
Great, thank you for your answers, we now can move to community questions part!
Cryptodiffer Community
You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC?
Max Freeman Project Lead at Epic Cash
The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part.
Cryptodiffer Community
To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from?
Xenolink Advisor at Epic Cash
Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project.
Cryptodiffer Community
Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you!
Yoga Dude PR&Marketing at Epic Cash
First, I must admit that I am still a huge fan and HODLer of Monero. That said:
✅ our blockchain is MUCH lighter than Monero’s
✅ our transaction processing speed is much faster
✅ our address-less blockchain is more private
✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU
Cryptodiffer Community
  1. the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
  2. On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash
  1. This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
  2. The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community
$EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future?
Who is Epic Biggest competitors?
And what’s makes epic better than competitors?
Xenolink Advisor at Epic Cash
We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity.
Cryptodiffer Community
What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships?
Yoga Dude PR&Marketing at Epic Cash
Since we are a community project, we have many developers, in addition to the core team.
Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks.
We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked.
Cryptodiffer Community
EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges?
Xenolink Advisor at Epic Cash
In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Max Freeman Project Lead at Epic Cash
Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic.
With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash.
As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability
Cryptodiffer Community
Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ?
Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors?
Max Freeman Project Lead at Epic Cash
RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware.
Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses.
Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware.
The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved.
Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem?
Xenolink Advisor at Epic Cash
Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic.
Cryptodiffer Community
I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto?
What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ?
Yoga Dude Pr&Marketing at Epic Cash
Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential.
The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers.
The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique
Cryptodiffer Community
Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI?
Yoga Dude PR&Marketing at Epic Cash
We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on.
Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way.
Cryptodiffer Community
If you could choose one celebrity to promote Epic-cash, who that would be?
Max Freeman Project Lead at Epic Cash
I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences.
I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today.
Epic Cash will have its OWN Celebrities
Cryptodiffer Community
How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it?
Xenolink Advisor at Epic Cash
Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin.
Cryptodiffer Community
what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Max Freeman Project Lead at Epic Cash
There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make.
Cryptodiffer Community
Q1 : What are your major goals to archive in the next 3–4 years?
Q2 : What are your plans to expand and gain more adoption?
Yoga Dude Pr&Marketing at Epic Cash
Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁
We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting.
Cryptodiffer Community
It seems to me that EpicCash will have its first Halving, right? Why a halving so soon?
Is a mobile version feasible?
Max Freeman Project Lead at Epic Cash
Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140.
Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining.
Cryptodiffer Community
What markets will you add after that?
Yoga Dude PR&Marketing at Epic Cash
Well, we are aiming to have ALL markets
Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry)
We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages.
Epic Cash is More than Money and its for Everyone.
Cryptodiffer Community
Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins?
Max Freeman Project Lead at Epic Cash
With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert https://www.youtube.com/watch?v=0blbfmvCq\_4 explains better than I can.
Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Xenolink Advisor at Epic Cash
Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash.
Cryptodiffer Community
  1. You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
  2. How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash
Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well.
Cryptodiffer Community
Do EPICs in 2020 focus more on research and coding, or on sales and implementation?
Yoga Dude PR&Marketing at Epic Cash
We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy.
In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC.
Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters.
Everyone with skin in the game gets the benefit of advancing the cause.
Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content —
https://www.youtube.com/watch?v=XtAVEqKGgqY
a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this
Cryptodiffer Community
I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex?
Let’s talk about the economic model, can EpicCash comply with the concept of value reserve?
Max Freeman Project Lead at Epic Cash
In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like ngrok.io, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader.
We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here: https://medium.com/epic-cash/the-freeman-family-e3b9c3b3f166
Max Freeman Project Lead at Epic Cash
Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project.
Xenolink Advisor at Epic Cash
Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at https://t.me/EpicCash .
Yoga Dude Pr&Marketing at Epic Cash
Thank you, CryptoDiffer Team, and this wonderful Community!!!
Cryptodiffer TEAM
Thank you everyone for taking your time and asking great questions
Thank you for your time, it was an insightful session
Spread the love
submitted by EpicCashFrodo to epiccash [link] [comments]

I earned about 4000% more btc with my android tablet than with a $250 ASIC mini rig setup using GekkoScience Newpac USB miners!

Requirements:
1.) Android Device with access to Google Play Store. *I haven't tried yet but you may be able to use tis on Android TV devces as well by sideloading. If anyone has success before I try, let me know! -Note, I did this with a Samsung Galaxy Tab S6 so its a newer more powerful device. If your android is older, your profts will most likely be less than what I earned but to give a projected range I also tested on my Raspberry Pi 4 running a custom LineageOS rom that doesn't allow the OS to make full use of the Pi's specs and I still got 500 h/s on that with Cloud boost, so about 60% of what my Tab 6 with MUCH Higher Specs does.
**Hey guys. Before I get started i just wanted to be clear about one thing. Yes I have seen those scammy posts sharing "miracle" boosts and fixes. I have a hard time believing stuff online anymore. But this is honestly real. Ill attach photos and explain the whole story and process below. Thanks for taking the time to read and feel free to share any thoughts, concerns, tips, etc*
So last week I finally got started with my first mini rig type mining build. I started getting into crypto about a year ago and it has taken me a long time to even grasp half of the projects out there but its been fun thus far! Anyways my rig was 2 GekkoScience Newpac USB miners, a Moonlander USB miner to pair with an FPGA i already had mining, a 10 port 60W 3.0 USB hub and 2 usb fans. The Newpacs actually are hashing at a combined 280 g/s which is actually better than their reported max hash rate when overclocked. Pleasant surpise and they are simple!! I just wanted to get a moonlander because my fpga already mines on Odocrypt for DGB and I just wanted to experience Scrypt mining and help build the DGB project. The Newpacs are mining BTC though.
After I got everything up and running i checked my payout daily average after 1 week. I averaged .01 a day TOTAL between all three miners with them all perforing ABOVE SPEC!!! I had done research so i knew I wouldnt earn much. More than anything i just wanted to learn. But still. I was kinda surprised in a negative way. Yesterday I actually earned less than .01 Frustrated I went back to scouring the web for new ideas. About a year ago, when II was starting, I saw an app on my iphone called CryptoBrowser that claimed to mine btc on your phone without actually using phone resources using a method of cloud mining. I tried it for a week and quit because I earned like .03 after a ton of use and seemed scammy. Plus my iphone actually would get very hot when doing this so I quit using it as it seemed like a possible scam with all the cryptonight browser mining hacks and malware out there.
Anyways I was on my Galaxy Tab S6 and saw that CryptoBrowser released a "PRO" edition for 3.99 on Google Play. I bought it for Sh*ts and giggles and booted it up. It came with what they called "Cloud Boost" Essentially this is a button you press and it multiplys the estimated hashrate that it gives you device by the number shown on the boost button. (With the purchase of PRO you get one free x10 boost. You can purchase additional boosts to use with other android devices but those are actually pretty pricy. Another x10 boost was like $25 if i remember correctly).
I played with it for about an hour to see if it actually worked like it said it would this time. To my surprise, as i was browsing, my device didnt increase in temperature AT ALL!!!!! I checked my tast manager to confirm and it was indeed true, my memory and usage barely went up. it was giving me an estimated range of 80-105 on the hashrate. Once i pushed the x10 boost button, that went to 800-1150 h/s. I switched my screen to not go to sleep, plugged it to the charge and let it run on the browser page, hashing. When you push the boost button, it runs for 3 hours at the boosted speeds. After that it goes back to normal but if you press the button again, it boosts everything again. There is no limit to how many times you use it. After checking what I earned after 24 hours, I HAD MADE .40 in BTC!!!!! I JUST EARNED OVER 4000% MORE THAN MY $280 MINING RIG EARNED ME!!!! I was blown away. Maybe this was a fluke? I did it again next day. Every 3 hours or so I would push the button again but thats all. Sure enough, .35 that day. Also, it realy BTC. I requested a payout and although it took like 12 hours for them to send me an email stating they had just sent it, I actually did recieve the state amount of BTC within 24 hours in my personal wallet. The fees to send are SUPER LOW!. Like .01
Below I will list the steps I took, along with an explanation of thier "Mining" process on Androids. Reminder, this ONLY WORKS ON ANDROIDS. Also DO NOT use cryptobrowser on a physcal laptop or desktop. I ran it on an old laptop for three days last year and it fried it. It does actually use your hardware on those platforms to mine and it is not efficnet at all as I suspect they prob steal over half of your power for themselves using the REAL RandomX protocol via browser mining which is EXTREMELY INEFFICIENT DONT TRY IT!!
-----How To Do This Yourself:
Cryptotab Browser states the program works on Android devices by estimating what it thinks the hashrate would be for your device specs and siimulates what you would mine in a remote server however you still earn that estimated coin amount. It is not a SHA-256 process or coin that they say is mining, rather it is XMR and they swap that and pay it out to you in BTC Bitcoin. However I know damn well my Tab S6 doesnt hash 80-105 h/s on RandomX because I have done it with a moodified XMRig module i ported to Android. I got 5 h/s a sec if I was getting any hashes at all. But thats besides the point as I still was making money.
Now, when you press that cloud boost button it immediately boosts that hash rate it estimates by the number on the cloud boost. As stated above, you can purchase more boosts and gift them or use them on extra android devices that you may have. Again, they are pricey so I'm not doing that plus it would just mean that I have another device that I have to leave on and open. The boosts come in x2, x4, x6, x8 and x10 variants. Again, they have unlimited uses.
Here is the link to grab yourself CryptoBrowser Pro from CryptoTab. This IS A REFERRAL LINK! This is where I benefit from doing tis tutorial. Like i said, I want to be transparent as this is not a scam but I'm also not doing this out of the love of my heart. Their referral system works in that people that use the donwload the app using your link are your stage 1 referrals. Anytime they are mining, you earn a 15% bonus. So say they mine $.30 one day. You would get paid out an additional $.045 in your own balance (it does not come out of the referred user balance fyi so no worries). Then lets say that referred miner also gets their own referrals. I would get a 10% bonus on whatever THOSE people mine. This goes on and on for like 8 tiers. Each tier the bonus percntage essential halves. So again, I stand to benefit from this but it also is stupid to not make this visible as its WAY CHEAPER, EASIER AND MORE PROFITABLE TO GET BTC USING THIS METHOD THAN IT IS USING ASICS!! THIS EARNS ALMOST AS MUCH BTC AS AN ANTMINER S7 DOES RUNNING 24/7 ONLY WITHOUT THE HUGE ELLECTRICTY BILL AND COSTS!!!!)
Thats it. Again, if you have concerns, let me know or if you have suggestions, other tips, etc... mention those as well!!!
https://cryptotabbrowser.com/8557319
Links to Picture Proof http://imgur.com/gallery/P13bEsB
submitted by Afraid_Balance to earnbitcoin [link] [comments]

Governments CAN kill Bitcoin- they just don't care (for now)

I understand that my opinion is probably an unpopular one, so I expect a ton of downvotes.
Let's imagine a perfect scenario- everyone knows for Bitcoin, volume is high, people are spending it and/ or stacking sats. Now, this is not a good thing for govs, reasons were mentioned thousands of times on the internet so I will not bother about mentioning all of that again. How to kill Bitcoin, you may ask? Declare it illegal, start the propaganda machine, prosecute people who are mining or using it, shut down mining farms under the accusation of supporting the system that is used by criminals- add a bit of human trafficking, drug dealing and money laundering to the headlines to make it look justifiable in the eyes of average Joe. After all of that, hashing power will probably go to 20% of what is now. Next step, seize the ASICS and conduct a 51% attack. Congrats, no more BTC. You may say that your rights are hurt, but CCP (Communist Party of China) doesn't give a fuck.
There is a cryptocurrency that could survive a "mass extinction" of that kind. It's called Idena and it's truly unstoppable. It's using a novel protocol called "Proof of Person". In order to mine it, you must prove (validate) that you are actually a human being, all without 3rd party or personally identifiable documents (aka KYC). How to prove that you're actually a human being? Currently, validation days happen a few times a month, and validations start at the same time all over the globe- New York is at 9:30AM, Berlin is at 3:30PM and Sydney is at 11:30PM. Validations involve solving a user-made flips- they are captchas that are impossible to solve by machines- because they involve abstract thinking and emotions, which only humans have. Incentive to make flips is simple- to validate on next validation day you must make 3 flips which will be randomly distributed to other users on the next validation day. Idena introduces sybil resistance by limiting the time of validations, you can validate yourself on one node, it's almost impossible for one person to have two nodes. All mining rewards are split equally to every miner, so there is no concentration of hashing power, mining farms are impossible and stopping/ censoring is impossible because Idena can work on any 64bit OS- Windows, Linux, MacOS and even Raspberry Pi- Computing power is irrelevant and it will be irrelevant forever! To stop Idena, governments must ban computers, from all people who are running this most decentralized and democratic currency on the globe! Sounds like an impossible task to me.
submitted by r3310 to CryptoCurrency [link] [comments]

03-07 23:04 - 'Governments CAN kill Bitcoin- they just don't care' (self.Bitcoin) by /u/r3310 removed from /r/Bitcoin within 17-27min

'''
I understand that my opinion is probably an unpopular one, so I expect a ton of downvotes.
Let's imagine a perfect scenario- everyone knows for Bitcoin, volume is high, people are spending it and/ or stacking sats. Now, this is not a good thing for govs, reasons were mentioned thousands of times on the internet so I will not bother about mentioning all of that again. How to kill Bitcoin, you may ask? Declare it illegal, start the propaganda machine, prosecute people who are mining or using it, shut down mining farms under the accusation of supporting the system that is used by criminals- add a bit of human trafficking, drug dealing and money laundering to the headlines to make it look justifiable in the eyes of average Joe. After all of that, hashing power will probably go to 20% of what is now. Next step, seize the ASICS and conduct a 51% attack. Congrats, no more BTC. You may say that your rights are hurt, but CCP (Communist Party of China) doesn't give a fuck.
There is a cryptocurrency that could survive a "mass extinction" of that kind. It's called [Idena]1 and it's truly unstoppable. It's using a novel protocol called "Proof of Person". In order to mine it, you must prove (validate) that you are actually a human being, all without 3rd party or personally identifiable documents (aka KYC). How to prove that you're actually a human being? Currently, validation days happen a few times a month, and validations start at the same time all over the globe- New York is at 9:30AM, Berlin is at 3:30PM and Sydney is at 11:30PM. Validations involve solving a user-made flips- flips are user made captchas that are impossible to solve by machines- because they involve abstract thinking and emotions, which only humans have. Incentive to make flips is simple- to validate on next validation day you must make 3 flips which will be randomly distributed to other users on the next validation day. Idena introduces sybil resistance by limiting the time of validations, you can validate yourself on one node, it's almost impossible for one person to have two nodes. All mining rewards are split equally to every miner, so there is no concentration of hashing power, mining farms are impossible and stopping/ censoring is impossible because Idena can work on any 64bit OS- Windows, Linux, MacOS and even Raspberry Pi- Computing power is irrelevant and it will be irrelevant forever! To stop Idena, governments must ban computers, from all people who are running this most decentralized and democratic currency on the globe! Sounds like an impossible task to me. Feel free to join Idena Telegram
'''
Governments CAN kill Bitcoin- they just don't care
Go1dfish undelete link
unreddit undelete link
Author: r3310
1: id**a.io/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitcoin Token Full Review

https://www.youtube.com/watch?v=G46xijtmnng&t=30s
Bitcoin Token Full Review Was up guys I want to talk about Bitcoin Token and all of its cool features like the Masternode, Staking Wallet and even owning your own full node using a Raspberry Pi, Plus some managed to create a Mining Rig or somewhat of a "Staking Rig" for BTCT. Oh and here's the links to what you see in this video =))
---
** Bitcoin Token Main Website **
https://www.bitcointoken.pw
** Bitcoin Token Ann Page **
https://bitcointalk.org/index.php?top...
** Bitcoin Token CoinMarketCap & CoinGecko **
https://coinmarketcap.com/currencies/...
https://www.coingecko.com/en/coins/bi...
**Bitcoin Token Block Explorer **
http://explorer.bitcointoken.pw/
** Bitcoin Token Medium Page **
https://medium.com/@bitcointokenbtct
** Bitcoin Token Telegram **
https://t.me/bitcointokenbtct
** Bitcoin Token Twitter Page **
https://twitter.com/_bitcointoken
----
Keyword: Marketing, Online Marketing, Sales, Promoting, Content Creation, Promoter, Crypto, Cryptocurrency, Blockchain, P2P, Peer to Peer, Block Explorer, Genesis Block, Asic miners, PoW, Proof of Work, PoS, Proof of Stake, MN, MasterNode, Bitcoin, BTC, Ethereum, ETH, ERC20, Smart Contracts, MetaMask, ETHplorer, Altcoins, ICO, Crypto Faucets, Bounty Contest, Crypto Airdrops, Bitpay, Bitcoin Token, BTCT
#Bitcoin #Blockchain #Cryptocurrency
submitted by Beekeyyy to u/Beekeyyy [link] [comments]

I'm trying to put together a list of what's coming out this year. Have this very simple list so far. Anyone care to add anything or suggest some better dates?

Latest News (most recent first) - Instant channels enable safe Lightning payments with unconfirmed funding Beta - Feb 10, 2019 - Voyager, New trading app from Uber & E-Trade execs announce launch date - Feb 9, 2019 - bumi/blockstream_satellite ruby gem for the Blockstream Satellite API - Feb 8, 2019 - New Zap Desktop 0.3.4 is out. New features, massive performance - Feb 8, 2019 - New release: @lightning desktop app v0.4.0-alpha - Feb 8, 2019 - valerio-vaccaro/Liquid-dashboard - Feb 7, 2019 - Japanese SBI Holdings will allow trading of coins - March 2019 - lnd v0.5.2-beta released - Feb 6, 2019 - Koala studios launches online LN gaming platform - Feb 6, 2019 - Independent Reserve has become the first #crypto exchange in Australia to be insured, with coverage underwritten by Lloyd's of London. - Feb 6, 2019 - Coinbase announces BTC support for their mobile (keep your own keys) wallet - Feb 6, 2019 - Blockstream published a new open source Proof of Reserves tool. - Feb 5, 2019 - RTL release v0.1.14-alpha - Feb 5, 2019 - dr-orlovsky/typhon-spec spec for new trestles side chain published - Feb 5, 2019 - Payment requests coming soon to BTCPay. - Feb 5th, 2019 - Kraken Acquires Futures Startup In Deal Worth At Least $100 Million - Feb 5th, 2019 - Next Blockchain cruise scheduled for June 9-13 - Feb 4, 2019 - Work on a GoTenna plugin to Electrum wallet in progress - Feb 4, 2019 - Bitcoin Candy Dispensers being open sourced - Feb 4, 2019 - New release of JoinMarket v0.5.3 - Feb 4, 2019 - Prime Trust won’t charge its clients to custody digital assets any longer. - Feb 4, 2019 - nodogsplash/nodogsplash wifi access using LN - Feb 3, 2019 - @tippin_me Receive tips using Lightning Network adds message feature - Feb 3, 2019 - Bitcoin-for-Taxes Bill in NH Unanimously Approved by House Subcommittee - Feb 3, 2019 - Full support for native segwit merged into bitcoinj - Feb 3, 2019 - Bitfury is partnering with financial services firm Final Frontier! - Feb 2, 2019 - Now you can open #LightningNetwork channels in @LightningJoule - Feb 2, 2019 - Integrating Blockstream’s Liquid payments on SideShift AI - Feb 1, 2019 - Wyoming legislature passes bill to recognize cryptocurrency as money - Feb 1, 2019 - Casa is open sourcing the code for the Casa Node - Feb 1, 2019 - Casa Browser Extension released - v0.5.2-beta-rc6 of lnd, full release getting very close now - Feb 1, 2019 - Tallycoin adds subscriptions and paywall features in bid to rival Patreon - Jan 31, 2019 - Static channel backup PR merged into LN - Jan 31, 2019 - The NYDFS grants another Bitlicense to ATM operator - Jan 31, 2019 - @pwuille currently proposing the “MiniScript” language to describe BTC output locking conditions for practical composition - Jan 31, 2019 - Fidelity is in the “final testing” phase for its new digital asset business - Jan 31, 2019 - Hardware wallet PR #109 just got merged so that @Trezor no longer requires user interaction for PIN - Jan 31, 2019 - CBOE, VanEck & SolidX filed a new & improved bitcoin ETF proposal. - Jan 31, 2019 - Casa Node code is now open sourced - Jan 31, 2019 - Next Bitoin halving in roughly 497 days - Jan 31, 2019 - BTCPay released 1.0.3.53 - Jan 31, 2019 - @binance now lets users purchase cryptos using Visa and Mastercard credit. - Jan 31, 2019 - Bitfury to Launch Bitcoin Operations in Paraguay - Jan 31, 2019 - Coinbase introduces very generous affiliate program - Jan 30, 2019 - DOJO Trusted Node bitcoin full node. Coming Early 2019 - Jan 30, 2019 - FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network - Jan 30, 2019 - TD Ameritrade says clients want cryptocurrency investment options - company plans major announcement in 'first half of 2019' - Jan 30, 2019 - Storage component of Fidelity's @DigitalAssets live, with some assets under management, @nikhileshde - Jan 29, 2019 - lightning mainnet has reached 600 BTC capacity - Jan 29, 2019 - Drivechain shows picture of Grin side chain and suggests might be ready in 2 month - Jan 29, 2019 - Lightning labs iOS neutrino wallet in testing stage now - Jan 29, 2019 - Aliant offering cryptocurrency processing free-of-charge - Jan 29, 2019 - Chainstone’s Regulator product to manage assets on the way - Jan 29, 2019 - Fidelity Investments’ new crypto custody service may officially launch in March. - Jan 29, 2019 - Gemini's becomes FIRST crypto EXCHANGE and CUSTODIAN to complete a SOC 2 Review by Deloitte - Jan 29, 2019 - Iran has lifted the ban on Bitcoin and cryptocurrency - Jan 29, 2019 - Confidential Transactions being added into Litecoin announcement - Jan 28, 2019 - http://FastBitcoins.com Enables Cash-for-Bitcoin Exchange Via the Lightning Network - Jan 28, 2019 - Germany’s largest online food delivery platform now accepts btc - Jan 27, 2019 - Launching a Bitcoin Developers School in Switzerland - Jan 27, 2019 - RTL release v0.1.13-alpha Lightning Build repository released - Jan 27, 2019 - The first pay-per-page fantasy novel available to Lightning Network. - Jan 27, 2019 - Numerous tools become available to write messages transmitted with Blockstream Satellite - Jan 26, 2019; - BTCPay 1.0.3.47 released - Jan 26,2019 - WordPress + WooCommerce + BTCPay Plugin is now live - Jan 25, 2019 - Juan Guaido has been promoting #Bitcoin since 2014 is new interim president of Venezuela - Jan 25, 2019 - Morgan Creek funds @RealBlocks - Jan 25, 2019 - Coinbase integrates TurboTax - Jan 25, 2019 - Robinhood received Bitlicense - Jan 25, 2019 - Anchor Labs launches custody - Jan 25, 2019 - NYSE Arca files w/ @BitwiseInvest for BTC ETF approval - Jan 25, 2019 - South Korea, Seoul, Busan & Jeju Island currently working to create pro crypto economic zones. - Jan 25, 2019 - valerio-vaccaro/Liquid-dashboard - Jan 25, 2019 - Bermuda to launch crypto friendly bank - Jan 25, 2019 - Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia - Jan 25, 2019 - BullBitcoin rolling out alpha access of platform - Jan 25, 2019 - Electrum Wallet Release 3.3.3 - Jan 25, 2019 - Bitrefill, purchase Bitcoin and have it delivered directly over LN - Jan 25, 2019 - South Korean crypto exchange Bithumb looking to go public in USA - Jan 24, 2019 - Bitcoin Exchanges Don’t Need Money Transmitter Licenses in Pennsylvania - Jan 24, 2019 - US; New Hampshire Bill Aims to Legalize Bitcoin for State Payments in 2020 - Jan 24, 2019 - Robinhood, LibertyX Receive Licenses from New York Regulators - Jan 24, 2019 - Bakkt Bitcoin futures contract details released - Jan 24, 2019 - Blockstream CryptoFeed V3 now includes 30+ venues and 200M+ updates per day - Jan 24, 2019 - Binance Jersey – The Latest Binance European Exchange - Jan 2019
Commit Activity
Nodes and Market Dominance
Bitcoin
Financial
Lightning:
ASIC Miners:
Will update this section when I hear new developments
Wallets:
Hardware wallets:
LN
LN Apps:
LN Extensions / Launchers
LN Desktop wallets:
LN Mobile wallets:
LN Network:
LN Nodes:
LN Plugins:
LN Services:
Liquid Network
Rgulatory:
Exchanges:
Payments:
Please comment if you have any ideas on dates. Many of these dates are placeholders waiting for me to update. If you comment then I will update the post.
submitted by kolinHall to Bitcoin [link] [comments]

Is mining reasonable in this market?

New to crypto. From what I’ve read in the past, Bitcoin mining was no longer profitable since the odds of getting a coin were roughly that of winning the lottery(?), and there was such a ridiculous amount of competition.
Is this still true?
I’ve recently made a small BTC purchase experimenting with the market, and curious if the above has changed at all.
Given a startup cost of ~2K for an asic miner and average US powebandwidth costs, is there a reasonable ROI at all? Interested as both a hobby and hopefully some kind of return.
Or do you think I’m better served just planting the same money in BTC and throwing it in a paper wallet for awhile?
Setting up a Lightning Node on an incoming raspberry pi sounds like fun, but that also sounds like not a for-profit project.
submitted by IsThereCheese to Bitcoin [link] [comments]

A 14-year-old's experience with Bitcoin

First-time poster here, don’t bully me, apologies for the potentially atrocious formatting :) TL;DR at the end
So in the wake of Bitcoin’s explosive rise in value and media attention, I’ve been encouraged by others to share my experience over the past few years as a miner. Here's my story (it's kinda long, you've been warned)

Humble Beginnings

It all started almost three years ago in the beginning of 2015 when Bitcoin flew under my radar. Looking into it, I admittedly wasn’t drawn in because of the decentralisation or the anonymous payments, I was hooked on the idea that anyone could get their hands on some just by running a program and leaving it to do its own thing. I know, how shallow of me. But the idea of making even a bit of money without ‘any work’ was convincing enough for 11-year-old me to do more digging into the matter.
To my disappointment, I soon found out that the era of mining Bitcoins with a PC’s CPU or GPU was long obsolete and instead it was all ASICs at that point.
So that summer, for my twelfth birthday, I got a little ASIC machine for €60, an Antminer U3. This little thing took up less space than a graphics card but could mine at 60 GH/s. Because, at the time, I didn’t have a controller device that could be kept up and running all day long so it could run the program that mined Bitcoin using the U3, I went ahead and got a Raspberry Pi. After setting up the Pi and installing all the necessary stuff (took an awfully long time), I connected it to AntPool and plugged the U3 in. Two days past and the mining pool sent the first Bitcoin I ever received to my wallet (I was using Blockchain.info). It was just 30 cents worth of BTC but I felt a bit of a rush because I was earning a bit of money through this completely new thing and the idea of that was thrilling.
Let’s back up for a second. I just used the term ‘earning’ as if I was profiting, and naive me 2 years ago was no different. In reality, I was at first oblivious to the fact that I was most likely LOSING money overall because of how much energy that little sucker was taking in. But, I was comforted thinking that using that machine was just a practical way of learning about this modern currency and that the loss of several cents’ worth of energy was acceptable in the name of education and learning.
Fast forward ten months to the wonderful summer of 2016. I had recently turned 13 and the Antminer U3 had been running on and off throughout. Various pauses and breaks in mining would be observed, as I had to manually get everything up and running after frequent breaks in the Internet connection. You’d expect my newly-turned-teenage brain to lose interest in Bitcoin as it does with many other gimmicks, but – even surprising myself – I miraculously didn’t. Good thing I maintained interest thinking about it now, not so good at the time for my parents. Why do I say this? I felt like it was time to get a little upgrade in my hardware.

Getting an upgrade

Days passed with me comparing every ASIC miner I could at that price point. It was then I set my eyes upon the Antminer S7 (same folks who did my U3, nice). I had put it up against a plethora of other miners and I figured the S7 was my best bet; the thing costs only about 10 times that of my U3 but could run at 4.73 TH/s, almost 80 times as powerful. The only problem being its power consumption was at 1300 watts, which would put a massive dent in the electricity bill and eliminate any profit I would make. Fortunately, I had a secret weapon up my sleeve – or rather my mum did. She had rented out an office outside our apartment where she would keep files and paperwork. The office’s electricity bill was a flat rate as far as I’m aware and it ended up being my saving grace because it virtually got rid of the “oh no I’m actually going to be losing money because of how much electricity I’m eating up” factor, making this whole hardware upgrade viable.
After convincing my parents, they finally agreed to shell out the requested amount, with the initial investment being paid back with time. I went to a local Bitcoin vendor and purchased 1 BTC for about $665 in cash (sigh yes, I know. $665 dollars). Shortly after, I used about 0.9 BTC to purchase the Antminer S7 and a 1600W power supply for a grand total of $600. The products would be made and shipped from China so I was definitely in for a wait.
A month passes and the package arrives at last. I connected all the wires from the power supply into the S7 and – with great anticipation – I plugged it into the wall to start its first ever run. And what do you know? An extremely loud and high-pitched whirring sound blasted out from the fans on both the power supply as well as the S7. After killing the thing, I questioned my choices. I couldn’t dare put that thing anywhere near my mum’s office in the event it drive everyone in the building absolutely nuts. I was at a loss. However, I soon recovered from my temporarily debilitated state and got working on a solution.
The first idea that came to my mind: change the fans. The stocks fans were by Evercool and spun at around 3000 RPM. The power supply used a small, robust fan that looked like a cube that must’ve spun at extremely high speeds judging by how high the sound it produced was. I got my parents to give me some more funding so I could acquire the replacement fans and I did. Bust. After installation and testing, none of the fans would work. I managed to configure the S7 to connect to my Antpool account and the machine would manage mining for several minutes running at peak performance but ultimately be automatically cut off because of how hot the machine was getting (I’m talking about 80 degrees Celsius kinda hot in that thing). The fans got refunded and I was back to the drawing board.
After combing through some forum posts and videos, I came across this video and a forum post in which people have their mining rigs placed inside a ventilated, muffled cabinet. Undertaking a project like this would be time-consuming and risky but I had no better ideas so I decided to go through with the idea anyway.
Firstly, I sought out a cabinet with suitable dimensions. I managed to get just what I needed at a second-hand IKEA shop. Great. Secondly, I went ahead and acquired some sound-absorbing acoustic foam from a local provider. Fantastic. Finally I had to get a ventilation system going within the cabinet, otherwise, all the hot air would roast the machine alive in there in a bloody mess. With the help of my dad, we found a pair cabinet fans on the Internet that were close to silent but could circulate the air well enough.
Eventually, all the materials came and, with the help of my parents, put everything together. The process took quite long time and we had a couple hiccups along the way, but we got it done and it came out pretty nice.
The moment of truth came and, to my relief, it ran so much quieter than without the cabinet. It was nowhere near silent but it reduced the noise a great deal. Soon after, I got the thing into the office and set everything up from there. Unfortunately, I was forced to underclock it because you could still hear the machine’s whining from outside the thin office door. Gunning the hashrate down about 25% to 3.7TH/s, I could lower the fan speed without risking the machine burning up. Sure, I wasn’t getting the full potential of the machine but I didn’t complain because electricity was not an issue there and it was still a whole lot better than my U3. With it up and running, I could leave it there, periodically checking to see if it was mining on Antpool.

The aftermath

In the months that followed, I was getting a solid $2.5 worth of BTC on daily basis. Half a year later, May of 2017, I had accumulated a satisfactory $600. I thought, “At this rate, I’d be able to pay my parents’ investment back in a few months” (the total investment came close to $900). Bitcoin had risen to over $1500 so I was already over the moon at that point because of how well everything was going. Little did I know…
I hit 0.5 BTC midway through September this year. The price of BTC had dropped after a sudden rise to $5000, but I couldn’t have asked for more. Although I possessed only half the amount of BTC I paid for the machine, its value was over twice that of the initial investment. I thought BTC would level off at around $4000 but nope.
In the month of October, the price skyrocketed. Since September, I had only mined 0.017 BTC but the value was already over $3000. It was just a matter of selling it, but I decided to hodl. Good thing I did.
As of November 5, I have approximately 0.52 BTC mined in total from my S7, valued at $4000. If I were to sell it right now, I’d have a profit of over $3100. And as for my miner, it’s churning out 0.0006 BTC daily, sounds like nothing but it’s still the equivalent of $5 today and I couldn’t be happier, at least with the miner and Bitcoin.
You remember that $665 for 1 BTC that I mentioned earlier? In hindsight, it would’ve been such a better idea to just keep that one Bitcoin and not do anything with it until today (in the interest of making much more money), as I’d theoretically have upwards of $7000. The idea of that still haunts me sometimes if I dwell on it too long but knowing that I’m in possession of an already hefty amount, the pain of it had numbed slightly. It’s not all doom and gloom for me from the exponential increase in Bitcoin’s value, however. Those first $0.3 payments from my humble little U3 all those years ago now are now the equivalent of over $6 today!
Bitcoin and everything it encompasses has been and still is a journey of discovery and an adventure. Looking back, starting with a modest €60 Antminer U3 to having a sum of Bitcoin equivalent to two extremely high-end gaming rigs (first thing I could think of as a comparison, sorry) has been something I can’t really describe. Through the course of the past few years, I’ve learned more about technology, I’ve unexpectedly gotten insight into economics and business and – of course – I’ve made a lot of money (if I decide to stop hodling that is).
Also, props to my parents for keeping an open mind throughout, I know some parents would be horrified at their kids being involved in something that has been used in some less-than-savoury ways and it's great knowing mine have been supportive all the way.
TL;DR got into Bitcoin mining 3 years ago at age 11 with an Antminer U3 that ran at 60 GH/s, got an Antminer S7 (4.73TH/s) and built a sound-muffling, ventilated cabinet for it. Am sat here today with $3000 profit if I decide to sell right now.
submitted by xx_riptide_xx to Bitcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own VTC node and supporting VTC network! We now have 1394 Full Nodes, more than Litecoin

You guys are amazing! :) Thank you for running your own full VTC node and supporting VTC network! We now have 1394 Full Nodes :)
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Why Vertcoin? Learn about why ASIC Resistance matters! https://www.youtube.com/watch?v=UHXqfZWjuHI
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 811 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 811 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Why Vertcoin? Learn about why ASIC Resistance matters! https://www.youtube.com/watch?v=UHXqfZWjuHI
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 518 Full Nodes running.
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Q: Vertnode - An automated solution for installing Vertcoin node(s) on Single Board Computers A: https://www.reddit.com/vertcoin/comments/901e6a/vertnode_an_automated_solution_for_installing/
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Official node scanner list (NOT RELIABLE, current node count could be much much higher. If you are a developer, please help us make a better Node Scanner): https://scanner.vertcoin.org/nodes
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 500+ Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 500+ Full Nodes running.
Official node scanner list (NOT RELIABLE, current node count could be much much higher. If you are a developer, please help us make a better Node Scanner): https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 867 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 867 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 900 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 900 Full Nodes running.
Official node scanner list: https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

Hash Rate in the News - PoW vs. PoS – 431 OMG!

Hash Rate in the News
With the announcement that Bitmain will offer ASIC miners for Ethereum, climbing hash rates are in the news. Briefly, hash rate is the number of hash calculations made per second across an entire cryptocurrency network. For Proof of Work (PoW) networks (we will get to Proof of Stake below) hash rate scales linearly with carbon footprint and Proof of Environmental Damage.
Let’s look at some current PoW hash rates:
Bitcoin 25.5 EH/s (quintillion), or 25,500,000,000,000,000,000 hashes per second.
Ethereum 256 TH/s (trillion), or 256,000,000,000,000 hashes per second.
Now let’s look at environmentally-friendly Qtum Proof of Stake (PoS) mining. For Qtum PoS mining, each full node securing the network does one SHA256 hash calculation every 16 seconds. We can easily calculate the network hash rate for Qtum as approximately
6,900 nodes / 16 seconds = 431 hashes per second!
This uber-low hash rate also explains why Qtum can be successfully mined with minimal computer resources, such as on a Raspberry Pi.
Save the hashes, save the environment,
Jackson
blog post on Medium
submitted by realJB395 to Qtum [link] [comments]

01-24 12:23 - 'I'm trying to put together a list of what's coming out this year. Have this very simple list so far. Anyone care to add anything or suggest some better dates?' (self.Bitcoin) by /u/kolinHall removed from /r/Bitcoin within 7433-7443min

'''
Latest News (most recent first)
Bitcoin
Financial
Lightning:
ASIC Miners:
Will update this section when I hear new developments
Wallets:
Hardware wallets:
LN
LN Apps:
LN Extensions / Launchers
LN Desktop wallets:
LN Mobile wallets:
LN Network:
LN Nodes:
LN Plugins:
LN Services:
Liquid Network
Rgulatory:
Exchanges:
Payments:
Please comment if you have any ideas on dates. Many of these dates are placeholders waiting for me to update. If you comment then I will update the post.
'''
I'm trying to put together a list of what's coming out this year. Have this very simple list so far. Anyone care to add anything or suggest some better dates?
Go1dfish undelete link
unreddit undelete link
Author: kolinHall
1: g*thub*com/mi*h**lsd*n*1/rp**light*ing-no*e-a**ible 2: 2019 - Proof-of-Reserves tool for Bitcoin github.com/stevenroose/reserves 3: A*azon.*om 4: github.c*m*mich*e*sd*nn1/r**-ligh*nin*-**d*-a*sible]*^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 450 Full Nodes running.

Thank you for running your own full Vertcoin node and supporting VTC network! We currently have 450 Full Nodes running.
https://scanner.vertcoin.org/nodes
Since every full VTC node can only serve so many clients, it's important to do your part for the Vertcoin network and run your own full node.
Q: WHAT IS A FULL NODE? A: Full nodes maintain a copy of the blockchain/ledger, distribute it to those downloading it, confirm transactions, and further spread out all of the previous functions to make the network more resilient. https://bitcoin.org/en/full-node
Q: Do I need to be a miner? A: No, you don't need to be a miner. Miners create new blocks. Full nodes simply share existing blocks (the entire VTC blockchain) with the rest of VTC wallet users.
Q: How do I run a Full VTC node on Intel NUC? A: Intel NUC Vertcoin full node installation done using Windows guide: https://github.com/vertcoin-project/VertDocs/blob/mastedocs/FullNodes/intel-nuc.md
Q: How do I run a Full VTC node? A: It's actually quite easy to do. If you run Vertcoin-QT (Vertcoin Core Wallet) on your PC/MAC desktop, keep it active in the systray. Then, make sure that you map the public port 5889 of your router to the port 5889 on the machine running Vertcoin-QT or vertcoind. For people running a public p2pool node this should be a no-brainer: you already have a synchronized vertcoind. So if you haven't opened port 5889 do it now - it's all you have to do. Your node is then public and can serve blocks and relay transactions.This makes our network much stronger and will help it to perform better. Any old or low power computer is good enough to run a full VTC node. If you have a Raspberry Pi or any old PC lying around, install vertcoind and run it in the background.
Q: How do I know if my Full Node is working correctly? A: To be a full node, you have to check to make sure you are accepting incoming connections. To do that, go under Help -> Debug Window. In the first tab, "Information", there is a Network "Number of Connections" which will show both incoming and outgoing connections. If the "In" is 0, then you are not a full node. If the "In" is greater than 0, you are acting as a full node and supporting VTC blockchain! Thank you!
Q: Vertnode - An automated solution for installing Vertcoin node(s) on Single Board Computers A: https://www.reddit.com/vertcoin/comments/901e6a/vertnode_an_automated_solution_for_installing/
What is Vertcoin? | Lightning Network SEGWIT Enabled ASIC resistant money https://www.youtube.com/watch?v=86-oMyHDCNc
Official node scanner list (NOT RELIABLE, current node count could be much much higher. If you are a developer, please help us make a better Node Scanner): https://scanner.vertcoin.org/nodes
Linux instructions: https://www.cryptocurrencyfreak.com/2017/09/06/setup-vertcoin-full-node-ubuntu-16-04/
submitted by blockchaintechnology to vertcoin [link] [comments]

FOR IMMEDIATE RELEASE: After Butterfly Labs collapses, engineers find new jobs at 21 Inc.

BEGIN BLOG POST

After Butterfly Labs collapses, engineers find new jobs at 21 Inc.

A bitcoin miner has shipped on time. Yes, that is news. A new venture-capital backed company, 21 Inc., has released a miniature bitcoin miner that they call a "Bitcoin computer". For $399.99, you get a Raspberry Pi, an SHA-256 ASIC board, and a giant fan.
Again, this is news: normally, a manufacturer of bitcoin miners would overdesign and underengineer their equipment, or, if they managed to ship something functional, it would be so poorly engineered -- and over budget -- that it be an explosion waiting to happen and/or priced comparably to a four-door sedan.
21 Inc. has done something remarkable in the Bitcoin world: they started a company that operates like a legitimate business. They're even listed on Amazon.com, a company that's so strict with vendors that Nintendo was kicked off their system for not kissing enough customer ass.
Okay, enough with the praise.

This thing sucks.

The 21.co "computer" certainly deserves a place in the VC world, along with the other products consisting of wild promises and inane use cases. For the price of 4 Raspberry Pi computer kits, you get the following:
(If you have a remote desire to develop applications that use bitcoin, stop here. Go through that list and buy just those items above. You don't need anything else. If you're looking for comedy, or if you're a sucker with too much money, read on...)

Is that all I get for my money?

Those products alone don't allow you to make Bitcoin applications, apparently. You need these things, too:

How about the software demos?

It's difficult to justify developing a $400 computer that can't do much. So, to entice some customers, 21 Inc. included demos that try really hard to make customers feel inspired. Here are just a few things that 21 Inc. claims were totally impossible before their product existed:

What are the real customers saying?

The packaging is slick:
"This @21dotco computer came already opened..."
The hardware is reliable:
"...it must have lost power, which caused my SSH keys to become corrupted."
The software is revolutionary:
"...it will be more expensive to pay for your spotify subscription via your electricity bill, but a lot of people don't care."

I want to buy it anyway!

Go ahead. I won't stop you. Oh, and 21 Inc. doesn't accept bitcoins.
END BLOG POST
submitted by theirmoss to Buttcoin [link] [comments]

Welcome to r/STRAKS!

Welcome to STRAKS!

This thread is built to help users joining STRAKS and the STRAKS community. Please make sure to follow our rules (posted in the sidebar and below). Feel free to use this thread to introduce yourself and ask questions no matter how dumb :). This thread should be considered up to date. However, if you find something that is incorrect, out of date, or simply missing then please contact me or other moderators so we can update it. Thank you!

Getting Started

What is STRAKS?

STRAKS (STAK) is a cryptocurrency platform with only one goal in mind. Innovate e-commerce with the use of digital currency to facilitate smooth, instant, and secure e-commerce transactions.
With e-commerce sales projected to reach over $2.8 trillion in 2018 and $4.8 trillion in 2021 and Bitcoin showing signs of failure due to increasing fees and the inability to process large amounts of transactions, STRAKS seeks to take hold with the ability to process over 11 million transactions a day, 40 times the amount Bitcoin can process. This ensures that STRAKS will be able to handle every single transaction with a low fee. This keeps your transactions in a secure and trusted blockchain where miners keep your transactions and the networks secure and safe, making it the easiest and cheapest way to securely purchase goods online.
 
The main attributes of STRAKS are:

E-commerce

  • With quickly growing global e-commerce sales STRAKS seeks to assert itself by implementing relevant technologies achieved through development that will help make sure e-commerce transactions are smooth and quick.

Open Source

  • Open Source development allows anyone to contribute by simply making a pull request through GitHub. With anyone contributing innovation will lead to rapid product enhancements that will strengthen STRAKS market relevance.

Decentralized Ownership

  • Devolved ownership and access rights, this ensures that the application and STRAKS lifespan are not dependent on a single individual. This allows STRAKS future to be safeguarded, but also your investment and partnerships.

Community Oriented

  • Focusing on the importance of its community, the STRAKS development team is collecting feedback and suggestions from the community. Future implementations such a STRAKS-Vote is on the road-map that will allow STRAKS users to propose suggestions then vote on them. Coins collected from voting will form the basis of funding the idea.

Speed

  • With constant optimization towards transaction speeds you can send and receive STRAKS instantly. With the inclusion of Segwit that increase block-size and capacity it will ensure that the network grows. Segwit with the combination of a block interval of just 60 seconds ensures that your transaction with be confirmed quickly and safely.

Privacy

  • Nothing is more important to STRAKS than its community and investors. Safe-guarding both is key. To ensure that the currency remains fungible the Zerocoin protocol will be implemented. The currency will maintain equal values irrespective of past transactions, as transactions will remain untraceable and anonymous. This allows STRAKS to protect its long-term market position.

Self-funded

  • STRAKS seeks to be 100% self-funded, it has one of the lowest PoW fees on the market. A 5% fee on PoW insures that STRAKS is well-funded through its entire lifespan. This will allow STRAKS to support product development, business development, and operational expenses.
 
Differences Between Other Cryptocurrencies:
Comparison Chart STRAKS Bitcoin Bitcoin Cash Dash ZCash Vertcoin
Bitcoin Version 0.14.2.0 0.16.0 0.14.1.0 0.12.2.0 0.11.2.0 0.13.1.0
Block Size (MB) 4 1 8 1 2 1
Segwit Block Size (MB) 16 4 n/a n/a n/a 4
Block Time (Seconds) 60 600 600 150 150 150
Coin Base Maturity (Confirmations) 100 100 100 100 100 100
Transactions Per Second 133.3 3.3 26.7 13.3 13.3 13.3
Difficulty Algorithm D106 KGW D106 DGW Digishieldv3 KGW
Hashing Algorithm Lyra2rev2 SHA256 SHA256 X11 Equihash Lyra2rev2
ASIC Resistant x x x
Segwit x x x
Segwit2x x x x x x
Segwit4x x x x x x
Lightning Network Compatible x x x
Instant Payouts LN LN x InstantX x LN
Atomic Swaps x x x
Max Coin Supply (Millions) 150 21 21 21 21 84
Budget Funding 5% 0% 0% 10% 20% 0%
Masternodes x x x x
Zerocoin Protocol WIP x x x x x
Zk-snarks x x x x x

Wallet Downloads

Useful Links

Block Explorer: https://straks.info
Discord Channel: https://discord.straks.tech
STRAKS Discord Forums: https://straks.co
STRAKS ANN: https://bitcointalk.org/index.php?topic=2433318.0
STRAKS Facebook: https://facebook.straks.tech
STRAKS GitHub: https://github.com/straks/straks
STRAKS News: https://straks.tech/insight/
STRAKS Telegram: https://telegram.straks.tech
STRAKS Twitter: https://twitter.straks.tech

Exchanges

BarterDEX: https://github.com/KomodoPlatform/BarterDEX
BitexLive: https://bitexlive.com/exchange/BTC-STAK
Coinhouse: https://coinhouse.eu/markets/stakbtc
Crex24: https://crex24.com/exchange/STAK-BTC
CryptoBridge: https://wallet.crypto-bridge.org/market/BRIDGE.STAK_BRIDGE.BTC
Stocks.Exchange: https://stocks.exchange/trade/STAK/BTC
SouthXchange: https://www.southxchange.com/Market/Book/STAK/BTC

Mining Information

Mining Pools

Software

Nvidia:

AMD:

Tutorials

STRAKS Tips

  • The easiest way to find your own STRAKS address is in the STRAKS Core wallet under the File -> Receiving Addresses tab.
  • Encrypting your wallet with a secure password helps ensure that your STRAKS can't be stolen. Do not leave your wallets unencrypted!
  • A community member currently hosts a STRAKS faucet found at https://straks.network . Please be sure to thank MrMcMichael for this service!
submitted by DalmationCadet to straks [link] [comments]

To arms Bitcoin community! Help us to complete this mining installation for the Zürich MoneyMuseum. We are not asking for funds. Only your expertise needed! 20$ tip if you give us the relevant clue to solve or mitigate our main problem. Nice pictures of the exhibition inside as well…

Edit:
A big thank you to all people who helped us we can now mine true pps with diff1! The people in this thread which have helped most have been awarded. I want to mention also the operator of btcmp.com denis2342 and Luke-Jr.
Actually looking at the miner screen in the Linux terminal helped a lot ;-). The pool constantly resigned to stratum with variable difficulty. We can now mine true pps with diff1. Getwork with long polling seems to be default after disabling stratum...
We will probably post again, when there is a video of the installation in action...
Again many thanks. Learned a lot.
Edit: Thank you for all the answeres so far! We will try different things now and report back. Tip bounty will be distrubuted as soon as we found out what finally does the trick. Ths could take a few days. The offerd tip will be distributed and very likeley a few others as well.
First of all, let me tell you that the Bitcoin Exhibition at the Zürich MoneyMuseum is most likely the biggest and most diverse of it’s kind. Please read more about the museum and the exhibition below.
Help us solve the following problem we experience with our “Muscle Powered Proof of Work” installation:
Me and a friend have invested a lot of time to build an installation for the Museum. It is basically a 10GHash/s miner and RapberryPi which is powered by a hand generator (Maxon DC motor with planetary gear). Here are some pictures of the installation, although not entirely put together yet. There are still some changes planned.
https://www.dropbox.com/sh/0qcvl3wu4romhnt/AAAYF08lnVAy6W6KEepE7e2Ua?dl=0
Now let’s get to the core of our problem:
We are mining at the getwork diff1 pool btcmp.com as it is a true pps pool with getwork diff1. The visitors in the museum can power the generator for 2-3min and see directly how many Satoshis the "network" (actually pool but we don't want to confuse the visitors to much at that point) has given the museum for their work. This all works well so far but one problem remains. Sometimes the pool does not get a share from us for more than 40 seconds or even more than 60 in some cases. I have calculated that with 8.4 GHash/s we should find a share about every 0.5 seconds in average (diff1). I think when the pool gets a share it gets all the hashes as it then accounts for several Satoshis. Statistically we get per minute what we should get in theory. We would very much like to lower the time between the accepted shares by the pool, however. This would help to make the overall experience much smoother for the visitors.
Please look at this screenshot from MinePeon and answer some questions:
https://www.dropbox.com/s/lb1jei4trc9kqe5/MinePeonScreenshot.png?dl=0
We see that we get a lot of diff1 hashes. However, only 11 shares/packages have been accepted. The Is there a possibility to set the miner SW so it submits to the pool as soon as a share is found? It seems to send them in packages which sometimes have 4-5 seconds in between but sometimes a much as 80 seconds. I would like to submit packages of hashes much more often. How can this be influenced?
What exactly are the Getworks (GW)?
What exactly are the Accepted ones (Acc)? This is where the TipBounty is. Help us to get a better Acc/diff1 ratio. Best would be 1:1.
What exactly are the rejected ones (Rej)?
What exactly are the discarded ones (Disc)?
What exactly are the difficulty one hashes (diff1)?
Now some of these questions seem very very basic but it is important for us to understand what these are and how we can influence these. We have a 1:1 correlation between the Acc and the pool side acknowledgement of shares/packages. So whenever the MinePeon shows one more for this value the pool value for last submitted share goes to “moments ago”.
Does the miner SW have a setting where we can set after how many diff1 hashes a package of hashes is sent to the pool? If no, do you have another idea why so few are sent? Ideally we would set it so the diff1 hashes are sent every 5 seconds or so, probably even more often.
Is stratum with fixed diff1 possible? If so, would it be better to use stratum?
Are there critical settings if we should know of? (we have tried --request-diff and --no-submit-stale)
We are using BFGMiner on MinePeon if that matters. We could switch to CGMiner if that would help. Any help is very much appreciated. The museum is doing a great job explaining Bitcoin basics. We had special focus on interactive learning and have several things to underline this.
I hope to hear back from you so we can improve our installation. Please don't hesitate to ask if you have further questions. We are both not mining experts.
Thanks for reading and AMA.
SimonBelmond
Current features of the Bitcoin exhibition at the Zürich MoneyMuseum:
Current Features:
  • Life screen with various stats/charts/parameters/transactions…
  • Printed infographics.
  • Muscle powered PoW: Hand generator with 5v and 3.5-5A output, Raspberry Pi, MinePeon, 5x Antminer U2+ plus a screen to show the hash-rate at the pool and/or in MinePeon web interface. This screen will not be hand powered. This installation will complement their coining die (go to 1:27 to see what I mean).
  • The Bitcoin mining evolution (CPU, GPU, FPGA, ASIC)
  • A few short (2-3 minutes) interviews.
  • Other wallets, Trezor, PiperWallet
  • ATM Prototype, functional
  • MoneyMuseum Bit-Cards
  • PiperWallet to use.
  • Casascius and other physical Bitcoins, Wallets (also some commemorative coins), Paper wallet like one out of the first Bitcoin (A)TM ever
  • Bitcoin Quiz
  • 12 Picture tours
    • Bitcoin for beginners
    • Bitcoin advanced
    • Debunking 13 Bitcoin myths
    • What you definitely have to know
    • The history of Bitcoin
    • Bitcoin und traditional forms of money
    • Alternatives to Bitcoin
    • Citations about Bitcoin
    • How do I open an account?
    • How do I get Bitcoin?
    • Bitcoin community and economy
    • Bitcoin as a platform
I see this as a good opportunity for Bitcoin, so let’s embrace it. I am especially excited to compare the traditional forms of money which used proof of work to the new money which also uses proof of work. I think in that context it will be much easier for the visitors to value this concept.
A lot of schools and other groups book guided tours at the museum. It is open on every Friday from December 05. On. Entry is free of charge.
Edit:Markdown, typos
submitted by SimonBelmond to Bitcoin [link] [comments]

Bitcoin Miner Setup : Raspberry Pi How to setup Rockminer R3 Asic Bitcoin Miner using raspberry pi Setup BitCoin ASIC Mining On Raspberry Pi Raspbian - YouTube Raspberry Pi Bitcoin Mining Experiment- Conclusion Raspberry Pi CPU Mining Monero Cryptocurrency

To mine Bitcoin with Raspberry Pi, you’re going to need: Raspberry Pi; USB Bitcoin ASIC Miner; Powered USB Hub; Having a powered USB Hub is important, because Raspberry Pi can only supply a limited amount of power to a connected USB device. Since a USB ASIC miner can draw a lot of power, using an external power source would solve the power Following these steps will leave you with a very energy efficient bitcoin miner, as a Raspberry Pi only uses four watts of power, and a miner is typically 2.5W. Mining used to be done with computers consuming over 700W for the same process so to make a jump in savings helps repay the cost of the hardware we are using. As the Pi is low-powered and low-priced, I recommend sticking with a Raspberry Pi 3. That affords the best computing power. The board itself retails for $35, but you can snag a kit with power supply and heatsink for $40, or full kit for $60. Cost: $35-$60. Bitcoin Mining With a Raspberry Pi. You can easily mine Bitcoin on the Raspberry Pi. Raspberry Pi in combination with a USB ASIC miner chip makes a good Bitcoin miner (PiMiner) due to its low power usage and ease of configuration. ASIC devices are specialised computing processors specific to the SHA256 algorithm used in Bitcoin hashes. They are much more efficient than pure CPU computations. Trending. Conflux Blockchain Announces Ecosystem Grants Program; Fan Victor – The Ultimate Fantasy Sports Plug-in; As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along

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Bitcoin Miner Setup : Raspberry Pi

Setup BitCoin ASIC Mining On Raspberry Pi (Raspbian) Visit my Amazon store: https://www.amazon.co.uk/shop/tingawi... How to Set up BFGMiner on the Raspbian o... Bitcoin mining with an R-Box 32 ASIC Miner- Conclusion! Check out my other Bitcoin and Electronics videos: http://youtube.com/mkmeorg Subscribe for new video... This video will teach you how to setup the Rockminer R3 Miner. Raspberry Pi Software Download http://sourceforge.net/projects/rockminer/files/RaspberryPi_Roc... Building a 4-node Raspberry Pi Cluster - Duration: 18:41. Davy Wybiral 942,905 views. 18:41. ... USB Bitcoin Miner - The Power of 1000's Computers - Duration: 15:24. Hey Everyone! This is a tutorial on how to setup a fully functioning bitcoin miner using a Raspberry pi. Raspberry pi's are extremely useful for programming and for bitcoin mining. Enjoy.

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