Best mining rigs and mining PCs for Bitcoin, Ethereum and

MiningPoolHub

This sub is strictly focused on mining on the MiningPoolHub service.
[link]

My Grandpa asked what "mining" was. This is how explained it to him. Now we're building a mining rig together! /r/Bitcoin

My Grandpa asked what submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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

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

18 P106-100 & 1 P104-100 Mining Rig Build

18 P106-100 & 1 P104-100 Mining Rig Build

19 GPU Build with ASUS B250 Mining Expert - 470MH/s

Its my dream to achieve and build a mining rig of this extent.
Allow me to describe this journey of mine to the GPU mining community.
Kudos to all! Feel free to ask me questions and I would love to help you out.

2017 - Bull Market - Dipped my toes into the GPU mining market. Spent nearly 3k USD, 6x GTX 1060 3GB & 2x GTX 1070ti.

Back then, my setup was really simple, An ASUS B250 Mining Expert with Pentium G4400, 8GB of RAM, 2 PSU (Coolermaster 700w as well as a V1200W PSU)
Placed this entire setup on a DIY metal shelf
Bought extra 2 GTX 1060 3GB on my Ryzen 7 1700 setup back then. Mining Monero too on Cryptonight Algo. Really profitable on these 2 rigs combined. Earning approximately 35USD per day at the peak :)
Without much experience back then, my overclocking skills sucks. I was drawing a ton of power with very little efficiency. However, at that point I was literally making few hundreds every month. It has been a really wonderful journey until bear market hits.

2018 - Nicehash Hacked, Bitconnect & Bear Market Hits...

If you still remember the dreadful hack of Nicehash. One morning I woke up seeing that my rig was no longer mining. Saw my balance turned to zero. And the moment I saw this article, my heart sanked. With over 100 USD inside my account that point, I knew I wouldnt be able to pay for my electric that month. This pulled down my confidence but quite a little.
Still remember Bitconnect? Hahahaha well entered into this ponzi scheme too. Invested 100 USD into this, got it back and donated the money.
Disconnected my entire rig... It was a pretty sad moment :\")
My house became cooler, quieter and my power usage instantly went down.
Kept 1 GTX 1070ti & 1 GTX 1060 3GB and built myself a Ryzen 7 gaming computer hehe.

My disconnection from Crypto 2018-2019

I exited this market back at the very end of the bull run and never touched Bitcoin until 2019. I began to plan my future, created an investment portfolio where I finally included Bitcoin back into my high risk asset class. The resurgence of Bitcoin mining begans :)

2019 - Sold my Ryzen 7 1700 & MB for ASUS B250 Mining Expert with 19 GPU build in mind

It all started with my small mining rig of one ZOTAC GTX 1070ti as well as an ASUS B250 Mining Expert which I was using to mine Ethereum at 33MH/s, get paid 0.05eth approximately every 2 weeks on 2miners.com

Purchased 2 more GTX 1070ti, bringing my total hashrate to 130MH/s.
Revamped & Redesigned into a DIY rig. Didnt wanna spend the money to find a frame hehe decided to use my mums shoe rack instead HAHAHAH
Back then, 1 GTX 1070ti resale value was approximately 230 USD here in Singapore.
Calculated hash per dollar and I notice the insane price I was paying with my 1070tis.
Sold all 4 of my GTX 1070tis and manage to trade for the following cards:
  • x4 Gigayte RX 570 8GB cards @ 70USD
  • x1 Sapphire Nitro RX 570 8GB @ 85USD
  • x5 P106-100 6GB cards @ 63USD
4 Gigabyte RX 570, 1 Sapphire RX 570, 5 P106-100 6GB
With all the skills and experience I have accumulated in 2017, I began redesigning my entire 10 GPU setup. This was the end product of my 10 GPU mining rig consisting of 5 NVIDIA P106-100 6GB cards as wel as 5 AMD RX 570 8GB cards. Working fine alongside with one another as claimed by ASUS.
Hashrates:
  • NVIDIA P106-100 6GB: 24.8MH/s @ 85watts
  • AMD RX 570 8GB: 29MH/s @ 95watts

DEAL OF THE MONTH - ZOTAC P106-100 6GB @ 56 USD

The dream of building 19 cards were never off my brain. Been sourcing for cheaper 2nd hand cards and snap! 56 USD per card for ZOTAC P106-100. It was insanely a great deal. Sold my 5x RX 570 8GB, use the cash and baammm!
Got 8 ZOTAC P106-100 6GB (2 not in photo) for test. PERFECT CONDITION and I cant believe the speed I was getting in Ethereum. 450MH/S for 18x P106-100 6GB

2ND DEAL OF THE MONTH - P104-100 8GB @ 70 USD

Managed to achieve 35.9MH @ 124w. Bringing my total GPU to 19.

The screen all miners with B250s love to see :)
The entire setup of my 19 GPU rig. Fan is blowing at single direction, expelling all the hot air towards my door exit. Keeping my living room relatively cool.

Underclocked my rig to 466MH for better stability and power draw. Has been running fine for 2 weeks without any manual interventions.
Bought a HP 1200w PSU. Placed a 120mm fan on top of it to keep it cool. In case if you are asking how loud is it, actually its pretty quiet. I have only used 600w, half of the capacity. Hence, under full load I am not sure how loud it will be.

All in all, my journey of a 19 GPU build. Feel free to ask me any questions :)
submitted by amtf99 to gpumining [link] [comments]

3D Printed Housing for External Vive Wireless Card

Sorry I am not providing details as I want to get this info out quickly. I will respond with info if anyone shows interest, though I might be slow.
I'm not sure if anyone remembers the talk about extending the range of their Vive wireless setups. Basically, you can get a PCIe extender (built for bitcoin mining rigs I believe), and use USB 3 to move your Vive Wireless WiGig card 35 ft (CORRECTION: 20ft) to your computer. I have found that it works great for me.
But you end up with this exposed computer board just sitting there in your room with nothing to keep the board from sliding out of the extender socket and nothing to protect the board while also allowing cooling.
I took enough measurements off of the board to create a 3d model of it that captures the design information needed to create an enclosure.
I also created a 3d printable enclosure that is "good enough".
I haven't posted it because "an artist's work is never done", but if I don't post what I have, I might never post it.
So please let me know if anyone is interested in a model of the card and enclosure. Note that the enclosure is specific to the dimensions of the extender I bought, so minor tweaks might be required if you have a different extender.
Here is a picture of the final result (yes I used tape for my prototype that I never developed further)
I designed it to be modular (see the joiners I left open in the picture, in case a part of the print fails or needs fixing) and also it does not require supports. (Shakes fist at designs that require supports!)
https://imgur.com/a/op35gVL
(I would appreciate advice on how to get the image to show up in this post, I don't do this a lot)
Answers:
Here are the exact two products I bought from Amazon. No guarantees. At the time people were looking into extending the wire from the card to antenna, but my first try didn't work.
Beware, the part that you plug into your pci slot can, incredibly, be put in backwards and still fit. Also there is nothing keeping the extender in the slot.
https://www.amazon.com/gp/product/B07N38Y799/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1
https://www.amazon.com/gp/product/B07G93LTVX/ref=ppx_yo_dt_b_asin_title_o00_s01?ie=UTF8&psc=1

I can't find an exact link that I followed for recommendations, but there are tons of hits here: https://www.google.com/search?q=vive+wireless+extension+reddit&oq=vive+wireless+extension+reddit&aqs=chrome..69i57j0.5679j0j7&sourceid=chrome&ie=UTF-8
submitted by OldNeb to Vive [link] [comments]

Need Help Regarding Nice Hash and Making Payments Via Bitcoin

I recently started Mining on my gaming rig and saved up some bitcoin. A website called bitrefill is selling giftcards for bitcoin so I thought about buying a giftcard for Amazon to make my purchase. I have been using Nice Hash in order to mine and store my Bitcoin. I am confused on how to make a purchase because there is no "send" option only withdrawal. So my question is when I visit the checkout page and it tells me to send a certain amount of BTC to an Address do I use the "withdrawal feature". I really don't want to link a coinbase because I don't like to give companies any of my social security number. If I can do this through Nice Hash that would be great and if not can you guys tell me how to transfer to an anonymous wallet and make payment from there. Sorry if this is a stupid question but I've only been Mining for a short while and this is my first purchase. The order page is the above image.
submitted by Charmaster969 to Bitcoin [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to conspiracy [link] [comments]

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]

Will Mining Farms soon pose a risk to password security?

Most passwords used by humans are small in entropy, typically less than 10 characters.
Even low level Bitcoin Mining Farms are easily reaching hundreds of trillions of hashes per second now.
These rigs are specifically designed at a circuit level to solve dSHA256, that is SHA256(SHA256(x))
Suppose the sha-256-hash of the password to a very important account were known, if it were simply hashed a second time and a bitcoin mining farm re-organized its efforts to finding a match of the second-hash of the password, they could do so in just a day, easily, even if the password were something like: AD3P09JEN3.
Already hash-rate power has grown in the hands of centralized entities far more than I could have imagined years ago, and bitcoin isn't even nearly main stream yet (imagine how much more these hash rates are capable of increasing as crypto market caps enter the trillions). It seems we are just a few years away from SHA-256 being "broken" for input passwords of normal length (say up to 12 characters). Broken meaning any password in that range could be cracked in just a day by one entity.
Is my reasoning way off here? Or will Mining Farms soon pose a risk to password security?
submitted by Apps4Life to CryptoCurrency [link] [comments]

Building my first rig with 6 GPUs using an Asus B250 MB, looking for advice

New member so please be gentle. I have been micro mining for a few months now (with my GTX 1060 and my new RTX 2080 ti) and want to step up my game a notch. I have my sites set on building the following system with the specs listed below so far. Any input on why I should not use a specific item or why I should use a certain item would be greatly appreciated!
1. Kingwin Bitcoin Miner Rig Case W/ 6, or 8 GPU Mining Stackable Frame x 1:
I have expansion in mind with this frame. It's stackable and ounces I ROI my first rig I plan on tossing a second level on to it. This frame is currently selling for around $50.
Kingwin Bitcoin Miner Rig Case W/ 6, or 8 GPU Mining Stackable Frame
2. ROSEWILL Gaming 80 Plus Gold 1600W Power Supply (HERCULES-1600S) x 1:
The heart of any rig, the power! I like this one for it's 1600W and it's price. Currently running around $200.
ROSEWILL Gaming 80 Plus Gold 1600W Power Supply (HERCULES-1600S)
3. ASUS B250 MINING EXPERT Motherboard x 1:
This motherboard is being used with expansion in mind. I want to start with 6 GPUs then build on that. Currently running around $140.
ASUS MINING EXPERT Motherboard (B250)
4. VOLADOR PCI-E Riser 1x to 16x Powered Riser Adapter Card (USB3) x 6:
Standard USB 3.0 risers. They come in a six-pack for about $20.
VOLADOR PCI-E Riser 1x to 16x Powered Riser Adapter Card (USB3)
5. XFX Radeon RX 580 GTS XXX Edition (RX-580P8DFD6) x 6:
Currently cheaper than the Sapphire below. These are currently running around $170.
XFX Radeon RX 580 GTS XXX Edition (RX-580P8DFD6)

5-ALT. Sapphire Radeon Pulse RX 580 8GB (11265-05-20G) - BACKUP CHOICE GPU:
This is what I was looking at first then I found the cheaper XFX Radeon's above. These are currently running around $180.
Sapphire Radeon Pulse RX 580 8GB (11265-05-20G)

6. CPU:
Currently I do not have any CPUs in mind to use for this rig. I know I don't need a beefy CPU for running Windows. I plan on ONLY mining with GPUs in this rig. Suggestions are welcome!

7. Memory:
Currently I do not have any memory in my sites. Suggestions are welcome!

8. Harddrive:
I plan on using a simple 128GB USB thumb drive for the hard drive right now. Possibly something like an SSD if needed, but plan on using USB flash drive to start. Pros/Cons suggestions welcome!

I think I my video my endeavor and show everyone how fun/frustrating it all was. Catching all the pitfalls in hopes of helping others out etc. But first I need to have a plan and that's what this is. I need to do some lite research, get a good shopping list, make a payment plan, and an ROI schedule. Any feedback that the community could give me would be very helpful because I only know about 80% of what I need to know to build this rig. The 20% is the overclocking, bios issues (MB and gpu), and general knowledge of building a mining rig. I expect there to be pitfalls and parts I didn't think of until I start the build.
submitted by armega to cryptomining [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to CryptoCurrency [link] [comments]

How do new cryptocurrencies get mined?

So I understand how in many ways when you are investing in bitcoin you are putting your faith in the system. It's decentralization is it's value.
So when someone creates a new cryptocurrency (I'll just call it Nucoin for my question), does it have a different type of algorithm from bitcoin? Would Nucoin be identical to bitcoin when it comes to coding? Or would it have it's own system that makes it decentralized, and therefore worthy of its investors' faith?
How would people mine Nucoin? Are rigs that mine bitcoin capable of mining other currencies as well, even of they are brand new? Like, if Nucoin was released today could a bitcoin rig immediately start earning it?
Also, in 21XX (whatever year the last bitcoin will be awarded, can't remember what year it is) could other coins still be being mined? Or does all mining end in 21XX?
submitted by Pickinanameainteasy to CryptoCurrency [link] [comments]

What would you do with 20 kWh of free power?

Hello,
I recently had an offer on my country, and I'll be able to install a 20kWh solar panel implant, and on my head ringed the idea: What if I get some mining rigs or ASIC to mine bitcoin with that, since I won't be paying anything on power consumption?
So the main question, is it still actually profitable to mine BTC?
Considering my setup of 20kWh power for free, what you guys would do?
I've been searching around on google looking for resources, documentation and so on, but being myself a beginner, and never mined before, I ran into some topics discussing about how ASIC's are just a scam and you won't even recover the invested prices of the ASIC itself, or stuffs like that.
What you guys suggest me to do? And, the more important question, how much that 20kWh implant is gonna profit, if there is any profit at all?
I am a beginner, so I welcome all kind of help and informations, thanks!
submitted by vlcksys to cryptomining [link] [comments]

In 2012 I Met a Possessed Couch

I’ve been losing sleep. I don’t think I’m particularly special in that regard, I think everyone has been losing sleep these days. A global pandemic tends to do that to people. Yet the thing that has been keeping me awake isn’t the virus. I’ve been losing sleep over an old couch I once crossed paths with.
It’s been eight years, I want to believe that I’ve put the past behind me, but being locked in a house for a couple of weeks has made it impossible to not dwell on the past. The memory of the couch started off as a fleeting thought over my morning coffee, but as days have turned into weeks that memory has grown into a distinct vision of madness. What I saw during those three drunken nights in December of 2012 has become an unavoidable part of reality. I can’t rest until I process it.
So since we have a nice little Internet campfire going here I figured I would tell you guys a story. Hopefully it will let me put this whole part of my past to rest and maybe it will take your mind off of what is happening outside. So kick back and let me tell you a tale of love and loss, of broken teenage hearts, of surviving in a crumbling world. Let me tell you a story about the couch that tried to seduce me.

I was nineteen, hung-over and heartbroken. I was also stuck in a foreign country. Well, to call Estonia a foreign country would be a bit of a long shot, I had lived there for a good five years of my life. It was in Estonia that I lived out most of my teenage years. This was where I had smoked my first cigarette, had my first drink, fell in love for the first time. I was dragged in when I was thirteen by my parents; they had business in Tallinn and wherever they went I went. At eighteen, when my parent’s contracts ran out, I was forced back home. Their business with Estonia was done. Mine was not. By nineteen I was back.
As soon as I got off the plane I turned my phone on and checked my messages. She didn’t write to me. My soul, positioned somewhere slightly above my abdomen, twitched in discomfort. It was a familiar twitch, I had felt it in the bus to the airport, I had felt it in the security check, I had felt it when I boarded the flight to Tallinn and as soon as I got off the plane the twitch was back with a vengeance. The discomfort I was feeling in my chest was a realization. It was the realization that I had emptied out most of my already slim bank account on a one-way ticket halfway across the continent to see my old high-school sweetheart who wasn’t interested in seeing me. It was the realization that as much as I consciously knew the trip was a bad idea, I couldn’t resist going. I dragged my feet towards the arrivals hall.
When it became obvious that Saale was dodging my messages I panicked. There was no place for me to crash, I had no money for a flight, hell, I had no money for food. As I boarded the plane to Estonia I sent off a panicked text message to my old band-mate: ‘Made horrible mistake. Landing in Tallinn in three hours. Can I crash at yours?’ Within two minutes there was a reply: ‘OK. Will come with Maarja. See you soon.’ Karl wasn’t very chatty, but he was always there when needed.
The two of them were waiting for me as soon as I walked out into the arrival hall. They barely changed. Karl was still a giant of man. His long hair had gotten longer and the beard he had rocked since seventeen had gotten thicker, the guy looked like Jesus on steroids if Jesus was really into heavy metal and wore glasses. Next to Karl stood Maarja, she wore a garish yellow coat. The pink streak in her hair she’d been so proud of back in middle school was pinker than ever.
“JAAMEEES! YOU’RE BACK!” Maarja yelled in her high-pitched faux-English accent before nearly tackling me to the ground. “It’s been too long honey! Too long!” She hadn’t changed a bit since I left the country. Maarja was still a pint-sized bolt of energy. The two of them made for an odd couple.
“Welcome back, Friend,” Karl said after Maarja was done squeezing me. He wasn’t one for physical contact, Karl settled on a simple pat on the shoulder that challenged my entire skeletal structure. The three of us made our way outside to catch a bus to the center. Even after living in Estonia for five years I still wasn’t used to the winters. As soon as we walked out into the sub-zero temperature I felt decidedly like a foreigner.
We caught up on the small things while we waited for the bus. Karl and Maarja had officially moved in together, the band that Karl and me started up in high-school had broken up, Maarja was in the process of getting a bachelors degree of psychology and Karl was really into some crypto-currency stuff that went completely over my head. I couldn’t get much out of me; the cold was taking a real toll on my system. Whenever I opened my mouth to talk about my miserable little life I simply ended up chattering my teeth. As soon as we got on the bus I threw myself at the nearest heating vent.
“So, James,” Maarja said as soon as we got on the bus, “You still talk to Saale?” When I turned away from the heater to face her she froze, “I mean, we don’t have to talk about, forget I asked.”
“Do I look that bad?”
While Maarja searched for a diplomatic answer Karl stepped in with his special brand of honesty, “You look very tired and unhappy.”
“Well, I am happy to see you guys and I am excited to be here, but, yeah,” I decided to get the conversation out of the way, “We tried two months of long-distance, but Skype only gets you so far. Broke up in late July. After we split we agreed to not talk for a couple of months, to give each other some time to clear the system and all that. Keeping radio silence was hard at first but after a couple of weeks I started to get used to it. I was learning to live without her. Things were starting to straighten up, I even took a stab at dating but when the holidays rolled around the loneliness came back. On Christmas I figured I’d throw Saale a holiday message. She wrote back. We started chatting on a daily basis.”
The bus bounced through my old neighborhood. Memories of my drunken youth jumped at me from every corner, most of those memories involved Saale. “Last night we got pretty drunk,” I continued, “Things got flirty. We started talking about what we would do if we weren’t half a continent away from each other. She mentioned her parents were out of town until the end of January on some sort of an anniversary trip. I offered to fly in. She told me I should. Now I’m here.”
“She changed her mind?” Karl asked.
“She didn’t think I was serious about flying over. Didn’t exactly check with her before I bought the ticket. She flipped out when I got it, told me to get a refund and then hung up on me when I insisted on meeting up. She hasn’t answered any of my messages since.” A part of me felt good to get the story out of my system but saying it out loud just added to the absurdity. I could have not bought the ticket, I could have gotten a refund, I could have not gotten on that plane. Everything could have been avoided, but nineteen year old me leaped at the opportunity for a grand romantic gesture like a hungry animal.
“Very strange,” Karl finally said after considering my story. He shot a look over to Maarja, as if she was the ambassador to all women-kind, “Very strange, right?”
Maarja shrugged.
Maarja’s house was the crown jewel of my high-school social life. It was a three-apartment unit that was built at some point before the world wars. This place was old, as you would walk around the little apartment it would creak, but it made for a perfect party place. Maarja had inherited the apartment from her grandma at sixteen; the Estonians saw child rearing as a fairly independent process. If she couldn’t survive on her own at sixteen she probably couldn’t make it at thirty, a bit of responsibility would prepare her for the frigid world outside. Maarja used her newly found independence to throw the biggest house parties that the neighborhood had ever seen.
Maarja’s place was perfect for booze filled gatherings. It was spacious enough to hold any drinking game we could dream up, there was a nice terrace for smoking and the neighbors were either deaf, completely apathetic about teenage drinking or both. As soon as the front door opened I was assaulted by memories.
Visions of drunken nights on the floor of the living room, of hung-over mornings of the kitchen; the old apartment breathed with the past. For a split second a wave of gratitude for a youth well spent washed over me, but then I remembered that each of those fond memories had an element I wanted to block out. Most of the fun I had in the apartment had been with Saale by my side.
Maarja and Karl still slept on an old mattress on the floor, the walls were still covered with cut outs of boy-bands that Maarja had stuck to the wall in her tweens. The only thing that changed about their bedroom was the addition of a massive computer rig on the table. There were strange ventilators and cooling tubes and blinking lights, the machine looked like something straight out of a sci-fi flick.
“That’s my mining rig,” Karl said proudly. I nodded as if I understood what he was talking about.
“Where are the rats?” I asked, noticing the empty cage on Maarja’s wardrobe. Back in the day Maarja had two rats, Fritz and The Duchess. She would keep them in the cage most of the time, but whenever the night reached a certain point of drunkenness Maarja would sneak over to her bedroom and come out with the two animals. If you saw Maarja with two rats running up and down her body you knew the night was really going to become a rager.
“The Duchess died last week,” Maarja said with a glint of sorrow, “Fritz wasn’t taking it well. Think the little guy was depressed being in the cage all alone, so I’m letting him roam around the house for the time being. Hopefully a bit of freedom will cheer him up.” As if he had heard his name, Fritz peeked out from behind the wardrobe. The albino rat raised his snout in the air, sniffed for a bit and then lumbered off to the living room. The years had taken their toll on Fritz, he no longer moved with the youthful energy I was used to, but the one part of him that I remembered had not changed. Fritz still had balls that were disproportionately giant to his body. As he moved away from us he dragged them behind him with Sisyphean effort.
“So, which hostel are you crashing at?” Maarja asked. A lump manifested in my throat. I looked around the cramped apartment. Outside of the mattress there was nowhere for me to sleep. I didn’t have any money for a hostel. “Ah, I’m just kidding. You’re crashing here. We owe you anyway,” Maarja said with good cheer.
“For what?” I asked, relieved that I wasn’t homeless.
“Financing the booze and cigarettes back in the day, might have ended up a nun if it weren’t for you,” she said with a grin. It was true, throughout high school I had been the main financier of our misadventures, my parents had foreign money and that money went pretty far by Estonian standards. More importantly though; when everyone was sixteen I looked twelve. According to the law of teen streets, the late bloomer provides the dough for those who can buy stuff without ID.
“You’ll sleep on the couch, we just haven’t had the time to get it out of the garage. How about you and Karl drag it in while I make some tea?”
Even though it was a bright winter day outside the garage was in near darkness. The only thing that illuminated the cramped musty room was a single ray of light shining in through a cracked skylight. The garage was covered in flimsy shelves that buckled beneath the weight of greasy machine parts. In the center of the garage lay a couch shaped object covered with a large, stained cloth. Karl grabbed ahold the cloth and was about to pull it away, but a thought struck him.
“James, if I tell you something will you not tell Maarja?” He asked, letting the cloth drop back down to the floor. He looked straight at me; his small eyes were probing me for trustworthiness.
“Well, depends on what it is,” I said, “Don’t need help burying a body, right?”
“No,” Karl’s intensity broke into a smile, “It is nothing illegal. Just a secret.” He strode towards one of the rickety shelves and plunged his hand deep into its depths. After a moment of rustling he pulled out a small box. He opened it. Even though the garage was dark, and even though the diamond was tiny, you could see a little glimmer. Karl’s eyes shone twice as bright.
“Wow man,” I said, realizing how quickly the world was moving on, “Congratulations!” Maarja and Karl would get married and I would be at their wedding alone. As I stood in that garage the thought that I would always be alone gushed dread through my veins. We used to joke about how Saale and me would get hitched before the two of them did. Those jokes felt cruel now. Maarja and Karl would get married and one day Saale would get married too. She would get married to someone who wasn’t me. “I’m really happy for you.”
“I want to ask her father soon. He does not like me much, but I think I can show him that I can provide for his daughter. This Bitcoin thing will be big soon James, in a couple of years me and Maarja will be rich.” Karl put the box back into its hiding place. “Promise not to tell her, yes?”
“Promise,” I said with as much candor as I could muster, but my mind was elsewhere. My mind was floating disembodied in a bright church, watching my would-be-wife get married to someone else.
“James,” Karl’s paw on my shoulder brought me back into reality, “You will be okay. I know you are worried about Saale, but you still have us. We will drink this away.” He smiled. I tried to smile back. “Let’s get this couch, shall we?”
He pulled away at the cloth that covered the couch. Enough dust flew off into the air to send us both into a coughing fit. The room danced with dirty particles. Yet from behind the veil of powder I could see it. I could see the couch.
The thing was ancient, a couch straight out of the early days of the Soviet Union. Its flowery upholstery was covered in stains that just screamed history. It was as if the piece of furniture had been used for barricades in the defense of Stalingrad and lived to talk about it. Filth filled its rumpled cloth, it stood on firm wooden legs that seemed to have survived multiple generations of being clawed at, it was as if the thing was simply biding its time until its true masters came back to retrieve it. The couch was old, but somehow in that dark garage, in that gust of earthly smoke, there was something alluring about it. It looked ratty but comfortable, even inviting. For a split second I was sure that the couch had winked at me with its cushioning. Then the dust settled and it was just a piece of furniture.
Karl grabbed one side of the couch, I grabbed the other and we started to haul the thing towards the living room. We had left the garage, but there was still tension in the air. I was still thinking about Saale getting married to someone who wasn’t me. It was still as if Karl and me were meant to have a serious discussion. Neither of us were comfortable.
“I lost my virginity on this couch,” I shared, hoping to relax the situation.
Karl grinned, accepting the levity, “Gross.”
We dragged the couch to the living room and then joined Maarja in the kitchen. Back in the day her kitchen table was the go-to place to gather before drinking and after drinking. We would sit around and shoot the shit and wait for someone to drop off the booze for the evening or the hung-over pizza for the morning. Yet as we sat there, trying to make small talk, one of the chairs was empty and it made all the difference. I couldn’t focus on anything that was being said around me, all I could think about was how Saale used to sit next to me. All I could think about were her long legs on my lap, her long fiery hair, her laughter.
“How about we sweeten the evening with a bit of moonshine?” Maarja asked, as she fished a clear bottle out of the kitchen counter, “Karl and me are going to lunch with my parents tomorrow though, so no hangovers.”
Karl cheered on the promise of alcohol, but not even drink could lift my spirits. My eyes shifted from Saale’s empty seat to the couch. All I wanted to do was lie down and fall asleep for a thousand years. “Guys, I appreciate the hospitality but I’m really tired. How about we drink tomorrow?” I said. Karl and Maarja looked concerned, this was the first time they had ever seen me refuse booze.
“Are you sure you’re okay honey? We can talk about it if you want to,” Maarja suggested. I insisted I was fine; I just needed to get some rest. That didn’t convince her, but she yielded, “Well, we’ll be in my room if you need us.” Her and Karl shuffled off to her bedroom. I laid down on the couch.
From the other room I could hear them talk. Maarja talked in concerned whispers whilst Karl spoke at full volume, it didn’t make much of a difference, even after five years of being in the country I still couldn’t understand Estonian. I could hear my name being mentioned though. They were concerned about the emotional wreck that was crashing on their couch. I dragged my friends into my mess. It was all so humiliating; I was far from home, broke and broken. I wanted to die.
‘Easy there Tiger, don’t think like that,’ a faint voice emerged from the back of my head, ‘Things might not seem great right now, but look on the bright side, at least you’re on a comfortable couch.’ The voice was right; the couch was indeed comfortable. ‘All you need is a bit of a distraction to forget about your broken heart. Some booze, some dope, maybe a bit of love and you’ll be good as new.’ It was as if the suave voice turned a switch in my mind. Suddenly the tightness in my chest eased, a burst of joy started to bubble in my abdomen. My fingers started to trace the sides of the upholstery. The voice giggled, ‘That’s the spirit Tiger, just relax, you’re fine as long as you’re here with me.’ The universe felt lighter, my feelings of dread faded away and were replaced with an electric anticipation. I needed a drink to celebrate.
I opened the door to Maarja’s bedroom. She was lounging on the mattress reading a psych textbook. Karl was watching bar graphs on the computer. “Hey guys,” I peeked in, “I feel a bit better now, how about those drinks?” They both grinned. We drank.
In the moment I didn’t give much thought to the voice in my head, my internal monologue was turned up a notch since the break-up anyway. I was used to hearing thoughts that I consciously didn’t want to consider; the silky voice that was telling me that things would be okay was a welcome distraction. I sunk into the couch and I let the night carry me away. ‘See Tiger? Isn’t it nice to be here? Isn’t life just swell on this little old couch?’ it would say. I nodded along. We drank more.
All thoughts of avoiding hangovers were let go; the liquor poured freely. At some point Maarja emerged out of her room with Fritz on her shoulder. We celebrated the tradition of our youth but the rat was sluggish, far too old to crawl around on her body. After a couple of minutes Maarja gave up on playing with the rat. She put him on the ground. Fritz simply walked around the room dragging his testacles behind him like a ball and chain. We drank more.
Karl lumbered up to his feet and went to fetch his guitar. Maarja was out having a cigarette. I was far too comfortable on the couch. Having a moment to myself I watched the rat. Fritz had spent the past couple of minutes roaming the living room and sniffing at my backpack. Yet suddenly something caught his attention, he sniffed at the air, his whiskers bouncing in curiosity. Then he looked towards the couch. The old rat sprung to his hind legs and turned towards me. It was as if his beady eyes were locked to the piece of furniture. ‘Oh Tiger, don’t think about the stupid rat. Look, here comes Karl, let’s stop thinking about stupid things and listen to him play.’
Oh and how he could play. To say that Karl lacked warmth would be an understatement, communicating with the guy often felt like having a conversation with a pile of awkwardly stacked encyclopedias, but as soon as he would bring out the guitar he would ooze personality. Somehow, with those hulking fingers of his, Karl had managed to make the strings sing the gentlest of tones. Maarja and me sang along out of key as the night went on. ‘Just like the good old days, Tiger, you’re here and you’re happy. Focus on the positives, focus on the present,’ the voice told me. I followed the advice, until I couldn’t.
It was as if a spell had been broken. As soon as I heard those opening chords, as soon as I realized what Karl was playing my stomach sank. It was that Rolling Stones song. Saale and me had danced to it once upon a time. Memories of our first night together came rushing into my mind. The Saale shaped hole in my heart throbbed with pain. I got up to splash some water on my face. Karl shifted his performance into a serenade for Maarja.
The tiles in the bathroom were freezing but I was willing to withstand the pain if it meant I could get further away from the song. I stood there, willing to wait it out, but the memories just kept on floating back. I was standing in the same bathroom I stood in the night that I met Saale. I could see traces of a sixteen-year old in my face. The music kept on building. Saale’s lily perfume filled my nostrils. I could remember the fullness of her lips before our first kiss. The images were cascading on top of each other, ripping away at my sanity, ready to plunge me into a panic attack. But then they stopped. The music stopped.
I peeked out of the door. Karl had chucked his guitar over to the side. His serenade had given way to a heavy make out session. Him and Maarja were all over each other. “Guys, I’m going to go out for a cigarette,” I announced.
The two of them looked up at me dazed and drunk. “Take the keys honey, I think we’re going to bed.”
I hoped that the dial tone would block out Maarja’s moans but it didn’t. Not only did I have to listen to a loving couple have sex, I also had to listen to world’s quietest dial tone as I was reminded that Saale did not want to talk to me. I stood out there in the freezing cold smoking one cigarette after another. It was just me, the starless sky and Maarja’s moans. Karl lasted for a quarter a pack before their bedroom quieted down. I tried calling Saale one more time and then went back inside.
By the time I stumbled to the couch I could already hear snoring coming from the bedroom. But there was another sound in the apartment, something much quieter, something I almost didn’t notice. Scratching.
Luckily I managed to prop myself up against the couch before I sat on him. As I tried to regain my balance I realized just how drunk I was. Fritz was on the couch, furiously scratching into its upholstery. He looked up at the drunken figure hovering over him for a split second and then went back to work. Those little claws scratched with the ferocity of a pup. It was as if Fritz was two years younger.
I picked him up by his scruff and tried taking him off the couch. When I lifted him off the ground the rat seemed confused for just a split second before-
‘Aiiieee’ Fritz screamed the world’s tiniest scream and then bit me in the finger. He dropped to the ground and ran beneath a nearby wardrobe. He hid beneath it and watched me.
I was too drunk and tired to care. I laid down on the couch and exhaled. ‘Welcome back Tiger, you look tired. Let me keep you company. Yes, life is hard, but if you really appreciate the moment it can be pretty enjoyable. Lie down here, let me keep you hold you. Let’s get to know each other better.’
I could smell floral perfume. I closed my eyes and drifted off to a deep sleep.
(Next part)
submitted by MikeJesus to nosleep [link] [comments]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to Money [link] [comments]

Rig Idea? Need Help, starter.

Ive been researching bitcoin mining etc all night now, I semi got into it in 2016 but only made 3 cents a day, so I quit, but I just found NiceHash and wanted to see if this idea I had was realistic or not or I should just give up. I had an idea to build a 5 gpu rig of 580 8gb and run them 24/7. The profitability counter says I would make something around like 65$ a month. I already factored in my power too, it seems like I could make a lot then just keep upgrading. Say I have no power bill? How much do you think 5 580 8gbs would make in a month on nicehash? I was thinking of just getting the profit and upgrade and build more and more. Is this a realistic goal, or is 5 580s just worthless and I should give up on it now.
submitted by vektroids to NiceHash [link] [comments]

Do I Need A Hot Tub Time Machine

Have you ever contemplated what you would change or relive if given the opportunity to time travel? I remember this hilarious movie called “Hot Tub Time Machine” that gave some middle aged men that exact opportunity. They were allowed to reinvent themselves and take advantage of missed opportunities that took place during their youth. The movie was as far from reality as you could possibly imagine, but still made me contemplate my life and the decisions I made along the way. If I had a Hot Tub Time Machine, would I be sitting here typing this blog or would I be flying in a helicopter somewhere. I remember being fascinated with helicopters as a child and wanted to fly a Huey like the ones used during the Vietnam era. Of course I was an underachiever during high school and chose a different path in life before I even realized the consequences of my actions. That dream went out the window like so many others to follow. Life is funny; I hated school as a young adult and was more worried about girls and popularity. If I used a Hot Tub Time Machine and went back in time today, I would choose to be a be a book worm. I realize that no one and nothing really matters other than my education while in high school. I should have listened to my mother who told me that all good things will come in time and stop worrying about the unimportant things like fashion, cars, and etc. But, I went down the road like many others and I wish I could redo my entire high school and college career which came later in life. Cryptocurrency has been a hobby/obsession of mine for a few years now and I always tell my wife, “Some guy is driving a Lambo in Miami right now because of Bitcoin.” I actually heard of Bitcoin when its price evaluation was about $300 a coin. I actually played around with attempting to build a mining rig one day and quickly lost interest after spending about 3 hours on a misguided project. I did successfully build a mining rig, but this was after Bitcoin had reached all-time highs of $19,000. What if I was given a Hot Tube Time Machine, would I go back to 2013 and reinvent my future? I would be a millionaire right now and my life would be completely different. As I hope you already realize, money does not bring happiness, but it does make things a hell of a lot easier. But at what cost would changes come. If I used my own little imaginary Hot Tub Time Machine, how many of my children would have been born. Would I have even met much less married my wife. And yes, I still enjoy her company usually, but have to be happily married and honest to understand that joke. There would be even more severe ramification to changing your past that you probably haven’t even thought of yet. What about all the people I have come into contact with over the years? I am sure that changing the past would have changed the future for countless thousands of people, since everyone in the world is removed from each other by only 6 people. This is called Six Degrees of Separation and is worth a quick read. It is a quite interesting theory and makes a lot of since when you think about all the people you have come into contact with during your life. There are many decisions that I made in the past that I wish I could change, but those changes would remove some results of those decisions that I quite enjoy. I feel it is essential that one must become a peace with the choices they have made throughout their life and focus on the future only. You cannot recreate the past for good reason, but the future is a completely different story. Even right now as I am typing I have done something that will affect my future or others. You and I must realize that the clock is ticking and we must take advantage of the time given to us on this earth. We do not need a Hot Tub Time Machine to make us happy, we just need to make wise decisions today and we will be able to enjoy the results tomorrow
https://truelifeblogs.com/2020/05/do-i-need-a-hot-tub-time-machine/
submitted by wiredauthor101 to Life [link] [comments]

Some mining in the background like [email protected]

Hey together,
I'm using my gaming rig for folding when my PC is idle for quite a while now. But I wondered if I could use my PC for some mining at least.
I know mining Bitcoin is not profitable anymore but I've read it's still an option for Altcoins. Which coins would be a good alternative? How much money could I generate out of it if I transfer it to Bitcoins later on?
Just to clarify. I'm not looking for investment strageties, just something to make some more use out of my rig and some fun on the side 😅
My rig: Intel Core i7 9700k Zotac Geforce 2070 AMP! 32GB of RAM
submitted by hugg3rs to CryptoCurrency [link] [comments]

Supported GPUs for [email protected], mixing AMD/Nvidia?

I have been trying to find out which GPUs are supported for folding, and it seems a little wishy-washy. I have a few older systems and components lying around since the early days of Bitcoin mining, and since I live in Northern Norway and therefore need to heat the house 11/12 months of the year, I thought I might as well get a few systems up and running to support the cause and heat the house at the same time.
Efficiency does not matter, all energy goes towards heating the house which I need to do anyway. These are the GPUs I have lying around:
1 GTX 770
2 HD 5850, one OEM version and a Sapphire version
1 HD 4870
1 9800 gt
1 8800 GT
1 HD 3850
1 HD 3650
Which of these are supported, and how should I prioritise them? The 770 and the 2 5850s are a given as they are the most powerful (and newest).
I only have 3 cases available, but 4 PSUs and even more motherboards/CPUs/RAM/HDDs/SSDs, so I need to figure out which card goes where. I won't be able to run them all as I lack powerful enough PSUs to do so
I have already assembled a rig with a 3570k running the GTX 770 and a HD 5850 and it seems to work fine on Windows 10, but I am pondering installing Linux for better efficiency(?). Does Linux support mixing and matching GPUs without jumping through hoops? I haven't run Linux systems since 2012 or so, so if it gets too complicated I will just run everything in Windows 10, at least to begin with. I could run a Linux system with the 2 5850s I guess.

I also have my gamig rig (RTX 2070 super, Ryzen 3700x) and 5 threads on my Mac Pro (2013, thrashcan) running atm, the gaming rig is trouncing everything PPD-wise...
submitted by FrodinH to Folding [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]

The Truth about Bitcoin?

Part 1/4 - NSA Connection:
First off, the SHA-256 algorithm, which stands for Secure Hash Algorithm 256, is a member of the SHA-2 cryptographic hash functions designed by the NSA and first published in 2001.
SHA-256, like other hash functions, takes any input and produces an output (often called a hash) of fixed length. The output of a hashing algorithm such as SHA-256 will always be the same length - regardless of the input size. Specifically, the output is, as the name suggests, 256 bits.
Moreover, all outputs appear completely random and offer no information about the input that created it.
The Bitcoin Network utilises the SHA-256 algorithm for mining and the creation of new addresses.
Who is Satoshi Nakamoto? What does Satoshi Nakamoto mean?
Out of respect for their anonymity, it would be rude to speculate in a video about who Satoshi Nakamoto is likely to be. The reality is, it's not important. Let me explain: Any human being can be attacked. Jesus could come back from the dead, and there would be haters. Therefore, the Satoshi Nakamoto approach neutralises the natural human herd behaviour, exacerbated by the media, to attack and discredit. This is a very important part of Bitcoin's success thus far. Also, from a security perspective, those who wish to dox Satoshi Nakamoto in a video are essentially putting his, or her, or their, life at risk...for the sake of views.
As a genius who has produced an innovation not just from a technical perspective but also a monetary perspective, they should be treated with more respect than that.
As for the name Satoshi Nakamoto, I would speculate that it is a homage to Tatsuaki Okamoto and Satoshi Obana - two cryptographers from Japan. There is another reason for the name, but that...is confidential.
In 1996, the NSA's Cryptology Division of their Office of Information Security Research and Technology published a paper titled: "How to make a mint: The cryptography of anonymous electronic cash", first publishing it in an MIT mailing list and later, in 1997, in the American University Law Review. One of the researchers they referenced was Tatsuaki Okamoto.

Part 2/4 - 'Crypto Market':
Most of the crypto market is a scam.
By the way, this was predicted very early on in the Bitcoin Talk forums - check out this interaction from November 8th, 2010:
"if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin...
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies", but lots of people will get burned along the way."
To which Bitcoin OG Gavin Andresen replies:
"I agree - we're in the Wild West days of open-source currency. I expect people will get burned by scams, imitators, ponzi schemes and price bubbles."
"I don't think there's a whole lot that can be done about scammers, imitators and ponzi schemes besides warning people to be careful with their money (whether dollars, euros or bitcoins)."
Now, on the one hand, lack of regulation is more meritocratic (as you don't have to be an accredited investor just to get access).
On the other hand, it means that crypto is, as Gavin said, a Wild West environment, with many cowboys in the Desert. Be careful.
This is the same with most online courses - particularly 'How to get rich quick' courses - however with crypto you have an exponential increase in the supply of victims during the bull cycles so it is particularly prevalent during those times.
In addition to this, leverage trading exchanges, which are no different to casinos, prey on naive retail traders who:
A) Think they can outsmart professional traders with actual risk management skills; and
B) Think they can outsmart the exchanges themselves who have an informational advantage as well as an incentive to chase stop losses and liquidate positions.

Part 3/4 - CBDCs:
The Fed and Central Banks around the world have printed themselves into a corner.
Quantitative easing was the band-aid for the Great Financial Crisis in 2008, and more recent events have propelled the rate of money printing to absurd levels.
This means that all currencies are in a race to zero - and it becomes a game of who can print more fiat faster.
The powers that be know that this fiat frenzy is unsustainable, and that more and more people are becoming aware that it is a debt based system, based on nothing.
The monetary system devised by bankers, for bankers, in 1913 on Jekyll Island and supercharged in 1971 is fairly archaic and also does not allow for meritocratic value transfer - fiat printing itself increases inequality.
They, obviously, know this (as it is by design).
The issue (for them) is that more and more people are starting to become aware of this.
Moving to a modernised monetary system will allow those who have rigged the rules of the game for the last Century to get away scot-free.
It will also pave the way for a new wealthy, and more tech literate, elite to emerge - again predicted in the Bitcoin Talk forums.
Now...back to the powers that be.
Bitcoin provides a natural transition to Central Bank Digital Currencies (CBDCs) and what I would describe as Finance 2.0, but what are the benefits of CBDCs for the state?
More control, easier tax collection, more flexibility in monetary policy (i.e. negative interest rates) and generally a more efficient monetary system.
This leads us to the kicker: which is the war on cash. The cashless society was a fantasy just a few years ago, however now it doesn't seem so far fetched. No comment.

Part 4/4 - Bitcoin:
What about Bitcoin?
Well, Bitcoin has incredibly strong network effects; it is the most powerful computer network in the World.
But what about Bitcoin's reputation?
Bankers hate it.
Warren Buffett hates it.
Precisely, and the public hates bankers.
Sure, the investing public respects Buffett, but the general public perception of anyone worth $73 billion is not exactly at all time highs right now amid record wealth inequality.
In the grand scheme of things, the market cap of Bitcoin is currently around $179 billion.
For example, the market cap of Gold is around $9 trillion, which is 50x the Market Cap of Bitcoin.
Money has certain characteristics.
In my opinion, what makes Bitcoin unique is the fact that it has a finite total supply (21 million) and a predictable supply schedule via the halving events every 4 years, which cut in half the rate at which new Bitcoin is released into circulation.
Clearly, with these properties, it seems likely that Bitcoin could act as a meaningful hedge against inflation.
One of the key strengths of Bitcoin is the fact that the Network is decentralised...
Many people don't know that PayPal originally wanted to create a global currency similar to crypto.
Overall, a speculative thesis would be the following:
Satoshi Nakamoto is one of the most important entities of the 21st Century, and will accelerate the next transition of the human race.
Trusted third parties are security holes.
Bitcoin is the catalyst for Finance 2.0, whereby value transfer is conducted in a more meritocratic and decentralised fashion.
In 1964, Russian astrophysicist Nikolai Kardashev designed the Kardashev Scale.
At the time, he was looking for signs of extraterrestrial life within cosmic signals.
The Scale has three categories, which are based on the amount of usable energy a civilisation has at its disposal, and the degree of space colonisation.
Generally, a Type 1 Civilisation has achieved mastery of its home planet (10^16W);
A Type 2 Civilisation has mastery over its solar system (10^26W);
and a Type 3 Civilisation has mastery over its Galaxy (10^36W).
We humans are a Type 0 Civilisation on this Scale.
Nonetheless, our exponential technological growth in the few decades indicates that we are somewhere between Type 0 and Type 1.
In fact, according to Carl Sagan's interpolated Kardashev Scale and recent global energy consumption, we are about 0.73.
Physicist Freeman Dyson estimated that within 200 years or so, we should attain Type 1 status.
As a technology that, through its decentralisation, links entities globally and makes value transfer between humans more efficient, Bitcoin could prove a key piece of our progression as a civilisation.
What are your thoughts?
Is it true...or false?
https://www.youtube.com/watch?v=1oQLOqpP1ZM
submitted by financeoptimum to economy [link] [comments]

Introduction Thread + Plans for the future!

Hey everyone! Welcome to the ABCmint (Or ABC, or Abcardo) subreddit! Please feel free to introduce yourselves below. I wrote a few questions to get the creative juices flowing.
Quick intro here: I'm u/seekingomega, and I've been mining ABCmint for roughly 2 years now (give or take).
On my ABC journey, I've made a few YouTube videos about the project, created a (pretty crappy) block explorer, and have had the pleasure of meeting others who have an interest in PQC blockchains as well.
To answer my own questions...
Plans for the future: I'll start scouring the web for ABC related news that pops up, and share them on this subreddit.
Additionally, I'd like to add some good PQC readings. If you have articles or books, please share them in a comment!
submitted by seekingomega to ABCMint [link] [comments]

How To Mine Cryptocurrencies

How To Mine Cryptocurrencies

https://preview.redd.it/zy5cy18ezfz41.png?width=1200&format=png&auto=webp&s=6f519c8931a68c40f534dc3bb3d99d8d726a2758
With cryptocurrencies entering the mainstream with a bang, more and more people every single day develop an interest in this new and strange world of blockchain. A lot of these people come to cryptos because they had heard that it’s possible to make money from them. If you’re one of those people, you’re in luck, because today I want to tell you how to mine cryptocurrency.

Understanding Mining

To put it into very simple terms, crypto mining is a process in which a machine performs certain tasks to obtain a little bit of cryptocurrency. This is the biggest TL;DR possible, so let’s branch out a bit, shall we? Imagine that you have a machine that mines crypto coins. We’ll talk about the specific types of machines later on in the tutorial, but for example’s sake, let’s just say that it’s your own, personal computer and you’re trying to figure out how to mine cryptocurrency. That is a very short and simple way of defining what is cryptocurrency mining. Now let’s move on to what you came here to see; how to mine cryptocurrency.

Cryptocurrency Mining

There are a few ways you could go about cryptocurrency mining. I’ll cover the main ones here, and start from the easiest one – cloud mining.

Method #1 – Cloud Mining

If you’re looking for crypto mining ways, cloud mining is probably the most popular way to mine cryptocurrencies without having to lift a finger. Cloud mining is a process where you pay someone (most often it’s a big corporation) a specific amount of money and “rent out” their mining machine called a “rig”, and the process of mining itself. This rent lasts for an agreed-upon period, through which all of the earnings that the rig makes (minus the electricity and maintenance costs) are transferred to your cryptocurrency wallet. The people (companies) that offer these cloud mining services usually have huge mining facilities with multiple farms (tens or hundreds of rigs stacked and operating together) at their disposal and know perfectly well how to mine cryptocurrency.
Cloud mining has become so popular mainly because it offers the possibility to participate in the world of cryptocurrencies for people who might not have enough money to buy their rigs or who perhaps simply aren’t interested in owning a rig. There are two options of cloud mining – free and paid. Naturally, a lot of people that are looking for ways to mine cryptocurrency would gravitate towards the “free” options, but it does have its drawbacks (very slow mining speeds, extra conditions, etc.). Paid cloud mining usually works like this: It is usually expected that you’ll break even at around the half-a-year – one year mark, and then profit from that point onwards. No one can know for sure, though, because the prices of cryptocurrencies are very volatile and their prices tend to sway by quite a bit.

Method #2 – CPU Mining

CPU mining utilizes processors to mine cryptocurrencies. It used to be a viable option back in the day, but currently, fewer and fewer people choose this method of mining cryptocurrency daily. There are a couple of reasons why that is. First of all, CPU mining is EXTREMELY slow. You could go on for months without noticing the smallest amount of revenue. It’s also usually not worth it – you make very little amounts of money, but you probably spend ten times that amount on electricity and cooling. The problem mitigates itself by a bit if you can find a place that has nice cooling and cheap electricity bills, but that’s rarely the case.
So why do people still even use CPU mining, then?
Well, basically because anyone with a desktop computer could do it. All you need to be able to mine using the CPU method is just a computer and a couple of programs. It is possible to do it with a laptop, but it is VERY STRONGLY NOT ADVISED. Your laptop will probably fry and overheat in a matter of a couple of hours. The fact that it’s so easy to start cryptocurrency mining attracts new CPU miners every day. Some people that are looking for how to mine cryptocurrency don’t care about the details – they just want to start the process as soon as possible, and in any way possible.

Method #3 – GPU Mining

GPU mining is probably the most popular and well-known method of mining cryptocurrencies. If you google “cryptocurrency mining”, GPU rigs are going to be some of the first things that you’ll see.
Cloud miners, for example, use GPU rigs for their services. And these guys are professionals that sometimes have hundreds if not thousands of rigs, so they probably know what they’re doing, right?
GPU mining is very popular because it’s both efficient and relatively cheap. Don’t get me wrong, the construction of the rig itself tends to be costly – but when it comes to its hash speed and the general workforce, the GPU mining rig is great. GPU rigs utilize graphics cards to mine cryptocurrencies. One standard rig is made out of a processor, a motherboard, cooling, rig frame and – of course – a few (2 – 8) graphics cards.A typical price for a well-performing and nicely built GPU mining rig aims to be around the $3000 price range. It is a hefty investment but will pay off much faster than, let’s say, a CPU miner. People looking for ways to mine cryptocurrency should check them out.

Method #4 – ASIC Mining

ASICs (Application-Specific Integrated Circuits) are special devices that are designed explicitly to perform a single task, which in this case is crypto mining. ASICs are very well known and treasured because they produce insane amounts of cryptocurrency when compared to its competitors’ GPU and CPU. But if they are so good, why didn’t I mention them sooner?
Well, mostly because they’re a big subject of controversy. You see, when the ASIC company announced its new version of the machine, the announcement caused an uproar in the cryptocurrency community. Many people have called for an outright ban on these machines.
Why? Because ASICS are so powerful, they rob other miners who are using GPU or CPU rigs of the possibility to keep up both in hash speeds and in earnings. Also, ASICS have twisted the economy of certain specific cryptocurrencies – imagine if the majority of earnings would go to one miner with an ASIC farm, what kind of chaos that would ensue.

The Best Method to Mine Cryptocurrency

Now that you have an understanding of how to mine cryptocurrency and about all of the different ways to do it, which one is the best way?
The method that suits you the most depends solemnly on a few key details: are you willing to spend some initial money? If so, how much? Do you want to OWN a rig? Do you even want to do it with a rig?

Which Cryptocurrency to Mine?

Your choice of gear should also depend on the type of cryptocurrency mining that you’ve decided to do. Some of the obvious favorites would be Bitcoin, Ethereum or Dash. Keep in mind, though, that Bitcoin mining is probably the trickiest of them all – since the coin is so popular, there are many miners around the world tuning into the few pools that there are and trying to snatch at least a small bit of Bitcoin. This might result in you waiting for countless hours until the first drops of Bitcoin start coming in.
Keeping that in mind, your best bet would probably be to stick with Ethereum or some other less-popular cryptocurrency. Depending on your method of choice, check out the prices, calculate when your return on investment would happen, do some math and you’ll figure it out in no time!

Conclusion

As you’ve probably noticed, there are many different ways on how to mine cryptocurrency. These are simply the main methods – if you’d like, you could even forget about mining and jump into Bitcoin faucets – but that’s a whole different story for a whole different day. But it’s an option!
One thing that you should not only remember, but also do right away is to create a cryptocurrency wallet. Decide on the type of cryptocurrency that you want to mine and simply look up the wallet options for that currency. You’ll have no problems finding one for coins like Bitcoin, Ethereum or Litecoin, but if you want to mine the less-known currencies, then you might need to search for a bit until you find a reputable wallet.
Getting a secure and reputable wallet is the most important task when you’re starting with cryptocurrency mining. Imagine if you’d be mining for a year and all of your savings would be stolen only because you didn’t pay enough attention while choosing the wallet and picked a fishy one that got hacked into.
If you’re serious and are looking for ways on how to mine cryptocurrency, I would suggest buying a hardware wallet – they are the safest and most trustworthy cryptocurrency wallets out there.
Well, this is the end of my tutorial on crypto mining. We’ve covered a few different topics and explored the different varieties of cryptocurrency mining methods. Remember – the method that suits you the most will depend solemnly on what you want and what kind of resources you have, so choose carefully! If you do decide on giving mining a chance, I wish you the best of luck!
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How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide Bitcoin Mining Rig - 24 Machine Setup - 48Gh DIY Bitcoin Mining: Hardware (part1) My Mining Rigs Are BACK In! HOME CRYPTO MINING RIG HOW TO BUILD ONE CHEAPLY & PROFITABLE

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How Much Can You Make Mining Bitcoin With 6X 1080 Ti Beginners Guide

HOME CRYPTO MINING RIG HOW TO BUILD ONE CHEAPLY & PROFITABLE FREE BITCOIN WEB MINER- https://get.cryptobrowser.site/8028301 FREE BAT COINS https://brave.com/swa679 ... The mining rig essentially refers to computers systems which are employed for mining Bitcoins. This rig can be a dedicated miner depending on where it had been constructed and run specifically for ... Best Bang For Buck GPU Mining Rig Build Guide 2019 - Mine Zcoin, Ethereum, Ravencoin, Grin, and Beam - Duration: 36:40. VoskCoin 80,404 views This was originally my gaming pc but now I have turned it into my bitcoin mining rig and I plan to build another one. How to setup mining rig in house. How to build a mining farm. Read the latest news about Bitcoin Mining to learn more about the most recent events, mining news and gear with our Bitcoin Mining ...

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