NiceHash Bitcoin Mining Tutorial: 100 TH/S für 100 ...

MicroBT Whatsminer M30S+ 100Th/s — Bitcoin Miner

https://medium.com/@minerbros/microbt-whatsminer-m30s-100th-s-bitcoin-miner-cbaaae59931f
submitted by rotsmith0 to BitcoinMining [link] [comments]

MicroBT Whatsminer M30S+ 100Th/s – Bitcoin Miner

Model Whatsminer M30S+ from MicroBT mining SHA-256 algorithm with a maximum hashrate of 100Th/s for a power consumption of 3400W. Buy Now:- https://www.cryptominerbros.com/product/microbt-whatsminer-m30s-100th-s-bitcoin-mine
submitted by cryptominerbros to u/cryptominerbros [link] [comments]

@gpuhot: 100TH + mining on $BTCV at https://t.co/nDLdX2JdbO x2 stratum. The additional x16 stratum didnt work out, so... Maybe time to up the block rewards from 100 to 400, x8? What do you say @bitcoin_v ? Any miners got an opinion?

submitted by AltCash to altcash [link] [comments]

DeFi---- Global trend leader of decentralized financial plan

DeFi---- Global trend leader of decentralized financial plan
DeFi Plan is decentralized financial plan,in Chinese name“project Difi”.
There is very successful open source decentralized project around the world,which is run by a guy name Satoshi Nakamoto.Whose Chinese name is Zhong Bencong,invented bitcoin with justice and great love.It's the first free currency issued by the bottom of society in human history.Through 11 years,the belief and consensus of the bottom people,makes bitcoin appreciate 2000 million times.
DeFi Plan as same as Satoshi Nakamoto invented bitcoin,open source in Microsoft's most authoritative Github.com.All the code,system and rule are deployed in the Ethereum.And run with decentralized public chain of smart contracts.Open source code such as the law including the creator of any person can not tamper with it.
Whether you are participants of DeFi Plan or not,people all over the world can check the number of ETH on Ethereum's blockchain browser.Each static and dynamic benefit is recorded on the Ethereum public chain with great precision.Without open source centric projects,you just know how much money you have invented.But you never know how many bank notes,BTC or ETH are collected on the trader's account.Wake up every day, the first thing is log on to see if you can log on to thewebsite.And the first time is generate income to cash withdrawal.Because the system is likely to shut off the net in second.That moment is in fear!Over the past 20 years,only SMI,AGK and a small number of centralized projects are more successful.99.99% of the total project with a very bloody fruit that is shut off the net.
Today,DeFi Plan has a comprehensive layout of IPFS.People all over the world can participate in DeFi Plan and get IPFS mining and financing income.
IPFS is the underlying Internet protocol HTTP,thoroughly solve the centralized data storage cost,low security performance,vulnerable to attack,not permanent storage and other shortcuting.
Plastic United States Securities Regulatory Commission.Approved by SEC,Sequoia Capital Stanford University and other dozens of the world's top capital investment.
HTTP storage market value has reach 3.2million dollars,IPFS is Internet decentralized storage revolution.IPFS will create a million dollars market.And IPFS's incentive layer token,FILECOIN will be the next million times in the currency.Start online with DeFi"869"Plan,each consensus can get DFP digital certificate 1:1 free,constant 1.1billion.Go online more than 200 global mainstream exchanges.The first 8 years plan to complete the independent decentralized exchange,decentralized B2C mall,decentralized games and other ecology.DFP certificate should be use in the entire ecological.The second 6 years plan:Landing ecology list in the global main board of the financial market,to accelerate the global layout of the blockchain production industry.The third 9 years plan is to complete the application of interconnecting all things in global intellgent blockchain.
All the people around the world who want to escape the centralization project, with your non-critical 0.5ETH,can participate in DeFi Plan.
DeFi Plan's system is based on the scientific human nature.More work and more gains.Regardless of the size of the contribution can produce benefits.The investment income is allocated scientifically between 0.3%~1.5% of Turing encryption algorithm.The rule of system is directly calculation,algebra,single zone,double zone,sunlight,gradation,split,cooperation,mining profit,game profit and Turing encryption.Ethereum's smart contract is a powerful security system against DOSS and hacker attack.And effectively protecting t long-term development of DeFi Plan run in safe.
You might ask:Can DeFi Plan achieve success?
DeFi Plan will tell you that the entire Ethereum DeFi Ecology,has made more than 1 billion USD development.Decentralized financ will be the inevitable trend in the future.
Wealth System:
DeFi Plan is initiated by BTC and IPFS global miners in deep web.Open source at Microsoft's Github.com.And the development of Ethereum decentralized smart contract public chain.Automatic clearing on automatic operation.
Ethereum smart contract has a strong DOSS and hacker attacks firewall comprehensive protection of the DeFi Plan code safe operation.Be fair,transparent,impartial and never shut off the net.
All the people around the world who want to get of centralized programs.You can learn DeFi Plan by using 0.5 ETH as a reference.Let's learn about DeFi Plan.
First: Income from investment and mining(0.3%-1.5%)
1.You invest 0.5-0.9 ETH to double income in the total.
2.you invest 1-5 ETH to 2 times income in the total.
3.you invest 6-10 ETH to 2.5 times income in the total.
4.You invest more than 11 ETH to 3 times income in the total.
Note: every consensus can get DFP digital currency in 1:1.
Second: Straight pile calculation in 5%
Third: Straight pile champion(top 100 in the world)
Add 2% every day to the championship pool.The prize pool up to 300 ETH and put in once every 7 days.
1.Champion wins 20% ETH of the pool.
2.Runner-up wins 10% ETH of the pool.
3.Third place wins 5% ETH of the pool.
4.The forth-tenth win 2% ETH of the pool.
5.The 11th-20th win 1% ETH of the pool.
The 21st-100th win 0.5% ETH of the pool.
Note:Champion to 100,according to the number of reward ETH 1:1 to get DFP digital currency.
Fourth:node power income(enjoy static income)
1.Recommend 1 nodes: enjoy 1 generation 20%
2.Recommend 2 nodes:enjoy 2 generation 10%
3.Recommend 3 nodes:enjoy 3 generation 5%
4.Recommend 4 nodes:enjoy 4 generation 3%
5.Recommend 5-6 nodes:enjoy 5,6,7 generation 2%
6.Recommend 7-8 nodes:enjoy 8,9,10 generation 1%
7.Recommend 9 nodes:enjoy 11-29 generation 0.5%
8.Recommend 10 nodes:enjoy 30 generation 10%
Fifth:Calculation of miner's gradation
1.(Ordinary miners) your recommended point,a market cumulative 200 ETH,a market cumulative 150 ETH you get under the umbrella of miners new 5% ETH.
2.(VIP miners)your recommened point,a market cumulative 600 ETH,a market cumulative 450 ETH,you get under the umbrella of miners new 10% ETH.
3.(Senior miners) your recommended points for miners,1 market cumulative 1800 ETH ,1350ETH accumulated in the market,you get under umbrella of miners added 1.5% ETH.
4.(Super miners)your recommended point,a market cumulative 5400 ETH,a market cumulative 4050ETH,you get under the umbrella of miners new 20% ETH.
Note:Senior miners will get 2,000 DFP digital currency at one time,and super miners will get 5,000 DFP digital currency at one time.
Sixth:Every day global mining pool dividends
1.VIP miners get 3% global ETH weighted bonus.
2.Senior miners get 2% ETH weighted bouns.
3.Super miners get 1% ETH weighted bouns.
Seventh:Direct access to VIP miners.
One time investment of 30 ETH in your own wallet address,directly and permanently enjoy 10% VIP miners and 3% ETH weighted global dividends.
DeFiPlan system is based on directly calculation,algebra,single zone,double zone,sunlight,gradation,split,cooperation,mining profit,game profit and Turing encryption.The system is scientific humanity and all contributors have profits.
The global economic crisis caused by the new crown epidemic in 2020.At the Same time,human beings began to enter the era of artificial Intelligence and block chain on an all-round way.Enterprise bankruptcy and unemployment will be normal.
Every years the ordinary people in the bottom layer who are cutting by the centralization fund project.There is not much really available to us.Thus worth fighting for DeFi Plan.
Grand sailing is about to begin in mid-April 2020! Let us go hand in hand to create brilliant!
submitted by DEFIP889 to u/DEFIP889 [link] [comments]

Mining has tripled from a year ago, the chips added cost $300M+. Now the network uses at least 300MW of electricity continuously at a cost of $50M/year. This is about what a city of 200k Americans use.

tl;dr: Bitcoin network is running on at least 230k Antminer S9s, using 320MW (~$50M/year), with $345M worth of chips coming online in the past year.
Someone check my napkin math, I was looking at hashrate charts and just started writing stuff.
Antminer S9 is the most efficient and popular miner right now so I'm using their stats. I expect efficiency to improve marginally in the future but at a much reduced rate.
$2,200 capital cost 13.5 TH/s 1400 W 104 J/TH
Network hash rate is 3,155,225 TH/s. If we go with a conservative estimate of power consumption, lets assume the entire network is Antminer S9. This gives 232,000 Antminers, which would use 327MW, for a total consumption of 2,866,000,000 kWh/year. The scale is sort of crazy to think about, the network uses about 10% of the electricity generated by some of the worlds biggest hydroelectric plants. It's not insignificant, but it's going to have to grow a lot to be noticeable at the world scale.
The average American uses 1,380 watts. So instead of running the bitcoin network, you could run a city that provides for 237k Americans.
This means 1 bitcoin represents roughly the consumption of 1/89th of an American. Consumption is roughly the same order of magnitude as production, so lets just say that a bitcoin is 1/100th the output of the average American, including all children and unemployed people. So if you own 100 bitcoins you basically own the equivalent production of a human being, in that the bitcoin commands a certain fraction of continuous energy expenditure in the form of hashpower. After all what is human labor except for skilled energy expenditure? (Not totally serious about this, it's fun to abuse units.)
Maybe the more interesting story is the real money expenses. Here things are a little bit more fuzzy because we don't know what it actually costs bitmain to make an S9. Regardless, we can assume that facility costs add a little, and use $2,200 as an estimate for capex necessary to get one operational.
Hash rate has tripled since a year ago. This means at minimum, 157k S9s have come online in the past year. Using $2,200, this is capex of $345M. (Important to note, part of bitcoin's security is that these chips are specific purpose SHA256(SHA256()), so this capex can't just flee to mining ethereum or something, it's in bitcoin for the long haul.)
The electricity costs are also pretty fuzzy, in America it's ~$0.12/kWh on average, in China it can be $0. If you use American retail average, this is another $340M a year (this is ridiculous, don't quote me on this, no miners are using PG&E). If you take a conservative estimate of $0.02kWh, you still get $57M.
I don't know how to estimate the cooling costs, maybe someone can just let me know if it's significant relative to the chip usage. If it's 1% of what the chips use then meh, but if it's 2x what the chips use then I'll put more effort into estimating it.
Hopefully this gives you some ammunition for the next time someone asserts that bitcoin is ethereal or can vanish like tulips. Tulips don't run on hundreds of thousands of computers in datacenters around the world using the electricity of a small country.
submitted by Polycephal_Lee to BitcoinMarkets [link] [comments]

Fast 'n Free Forever: an inflationary vision for a Proof of Stake New York Coin

No crypto, or any other currency for that matter, is all things to all people, and trying to be perfect in every regard is a recipe for failure at a coin's primary purpose. Bitcoin suffers from centralization issues related to mining yet it persists and has proven to be a great store of value, Ethereum engaged in a central-bankesque bailout after the DAO, yet it remains an exciting smart contract platform. What is NYC? What is our core functionality? What is it that's worth embracing a flaw over?
New York Coin, fast 'n free: best medium of transaction
(Note: NYC apparently has some fees built in for data heavy transactions, though most transactions are free. I'm in favor of eliminating all of them for the clarity of having a fully free network. There are other ways to deal with spam, and clear branding is priceless. In any case, even now nearly all normal transactions are free and that's one of the core functionalities I think we need to promote)
New York Coin is a coin for commerce, from the local commerce designed to start in New York through ATMs and local business to international commerce in remittances, to the sort of fee avoidance+bitcoin backbone imagined at this link, it's all about commerce. In particular if we aim to team up with Bitcoin via lightning, and be the yin to its yang, the fast free cash layer, or medium of transaction to bitcion's store of value, or as another poster put it, the checking account to bitcion's savings account, we would do well to embrace inflation as a means of paying for this fast and free network, because nothing is really free, but depending on your use case, there are better ways to pay for things.
But don't we HAVE to fix New York Coin's supply issues? Everyone else has finite supply. Inflation is not okay for crypto.
If we fix a hard maximum, we should have a reason for doing it, something that helps us reach our ultimate goal. Fixing supply, and effectively making New York Coin deflationary like other coins might help it become a better store of value, but if that's what we are, what's the point of ATMs and local business support? Bitcoin has been dropped by both Steam and Microsoft recently because of it's exploding costs and congestion, both of which are complicated by how effective it is as a store of value. As bitcoin gets more expensive, it's transactions do as well. As it gets more secured, the cost of securing it goes up. Deflation was a pretty unique attribute of bitcoin when it arrived, and has been a big part of its success, so people labeled it good, but it's not universally good, it's good for something specific. For those that need to compete with the 800lb gorilla that is Bitcoin, they probably need to replicate that. But for a coin like NYC that would do well to be a partner to bitcoin, we don't need to copy that part any more than we'd want to copy 10 minute confirmations.
Ultimately, if we're going to stay fast 'n free, we need a way to reward those securing the network. Once new coins run out when the hard cap gets closer, transactions fees are the only way to do that in a deflationary environment. But if we toss deflation, and embrace inflation, we can keep paying miners, keep the network secure and retain our most valuable asset. Fast 'n free branding is easy to understand, easy to distinguish from every other crypto, and comparing it to an alternative, say, "fast and cheap", well honestly, 'cheap' sounds subpar and inferior. Fast 'n free branding is invaluable for us in a crowded crypto space.
We can't just have infinite supply, can we?
It would be wise to place a curve in place. If we succeed at getting NYC adopted, each will be worth more, the cost of incentivizing miners in NYC will go down. If we don't succeed, nothing matters, so we might as well plan for success and taper off the rewards. I think it would be grand to tie rewards inversely to transaction volume or weight, the idea being that as NYC is used more, it will almost certainly have more value and fewer rewards will be necessary to incentivize people to secure the network.
You might be wondering what the impact on price is. What we should be thinking about though is market cap, and there are other ways to reward our hodlers besides increase in value per NYC. Whether value of NYC increases per coin or by staying stable as more coins come into existence is basically the same thing, especially if we can offer a form of interest to our hodlers rather than miner rewards. Increase in quantity of coins vs increase in value of coins. Additionally, we should consider a less expensive means of securing the network, so we don't have to overdo inflation to cover wasteful electricity and capital expenditures. Both rewarding NYC hodlers and lowering our costs can be achieved by moving from Proof of Work in the Scrypt algorithm to Proof of Stake.
Proof of Stake as a less costly way to mine and a way to reward hodlers beyond value increase
New York Coin is under the radar right now, so mining is fine, but we're near the bottom of our algorithm in security and are susceptible to 51% attack as soon as we start to make an impression on the market. Bitconnect Coin was very scammy, but was nearly second place on the scrypt algorithm and was attacked about a month ago and driven involuntarily into proof of stake before their other issues dissolved them. We should plot a move to proof of stake BEFORE we get attacked, because right now, we're vulnerable, and there's no speed at which we could secure ourselves through scrypt mining that would take away that threat. One litecoin pool getting hacked and used to attack us could wreck confidence in NYC before we even get off the ground.
As a bonus to moving to proof of stake, it could be carried out on any PC, not specialized asics or even hard to find GPUs, so any user could participate. I don't see why a staking wallet couldn't be done for mobile as well, allowing every NYC fan to participate, and every staker helps prevent attacks with very little capital or electrical costs. This would allow our loyal hodlers/investors to benefit from interest and replace some of the value appreciation per coin that comes with store of value coins with quantity as staking rewards, and their costs to run a staking wallet could be almost zero as it can run in the background at almost no power.
But we want NYC to gain value, why limit that through inflation?
We want NYC to be worth more than 100ths of a penny, definitely, and that's very doable. But at a certain point, endless value increase undermines NYC's value as a medium of transaction. People don't want to calculate thousands of satoshis or milliNYC or say "point zero zero zero blah" anything. It's just uncomfortable. They're used to dealing with two decimal places, and perhaps the biggest failing of crypto is trying to force non-nerds to acclimate to 8 decimal points. If they're there but ignorable, it's not a big deal. But if most transact-able values are behind the decimal (tens, hundreds, even thousands of dollars, as with bitcoin), that's a HUGE problem for getting ordinary shoppers to adopt it for daily transactions. Bitcoin hit this uncomfortable region in 2017, and litecoin may well follow soon. NYC community should get comfortable with large supply because that best serves our function as a medium of transaction.
There will be people coming in and demanding a coin burn b/c NYC's problems are all about supply, but we should keep our eye on the prize and pursue a supply policy that serves our core long term interests, not a quick pumpndump story.
If possible, we might do well to reclaim NYC from long abandoned addresses and rather than burning them, recirculate them to stakers as rewards instead of creating new coins. This would helps us limit just how inflationary we get, but the goal should be to be conservative about inflation, not to avoid it or to deflate and try and take a shortcut to greater per coin valuation.
I disagree, but I'm not sure how hard to fight this, I don't want to make a fuss
I wanted to make a strong case for the argument precisely because I know it will meet resistance. My goal is not to quash anyone's argument or steamroll anyone, I just want a fair hearing. Your impassioned arguments against even limited inflation are welcome here, particular substantial arguments. What's the real benefit of copying deflationary coin supply? Do you really not believe that if NYC was successful and coin values rose as high as bitcoins are now, that it wouldn't suppress consumer adoption over discomfort about how much value is on the change side of the decimal place?
In any case, I have zero power here, the community reigns instead, and that's part of what I like about NYC. So I present a little alternative vision for the community to consider. No decision needs to be made, but I welcome a good discussion. I think the argument for a hard cap on supply right now is just because that's what other coins do. If we don't embrace inflation as I suggest, at a minimum, I'd love for this thread to contribute a better reason and help us focus on how a deflationary model would actually help us accomplish our goal to be a coin in daily use by ordinary, non-techie consumers. Let's have a policy on monetary supply that we've thought out.
TL;DR: That's a lot to read. Do you ever write anything that isn't a giant wall of text?
No, sorry. ¯_(ツ)_/¯
submitted by nodecache to NewYorkCoin [link] [comments]

Fast 'n Free Forever: an inflationary vision for a Proof of Stake New York Coin

No crypto, or any other currency for that matter, is all things to all people, and trying to be perfect in every regard is a recipe for failure at a coin's primary purpose. Bitcoin suffers from centralization issues related to mining yet it persists and has proven to be a great store of value, Ethereum engaged in a central-bankesque bailout after the DAO, yet it remains an exciting smart contract platform. What is NYC? What is our core functionality? What is it that's worth embracing a flaw over?
New York Coin, fast 'n free: best medium of transaction
(Note: NYC apparently has some fees built in for data heavy transactions, though most transactions are free. I'm in favor of eliminating all of them for the clarity of having a fully free network. There are other ways to deal with spam, and clear branding is priceless. In any case, even now nearly all normal transactions are free and that's one of the core functionalities I think we need to promote). Further explained here: https://www.reddit.com/nycoincommunity/comments/81q9bf/free_forever_the_myth_of_the_no_fee_newyorkcoin/
New York Coin is a coin for commerce, from the local commerce designed to start in New York through ATMs and local business to international commerce in remittances, to the sort of fee avoidance+bitcoin backbone imagined at this link, it's all about commerce. In particular if we aim to team up with Bitcoin via lightning, and be the yin to its yang, the fast free cash layer, or medium of transaction to bitcion's store of value, or as another poster put it, the checking account to bitcion's savings account, we would do well to embrace inflation as a means of paying for this fast and free network, because nothing is really free, but depending on your use case, there are better ways to pay for things.
But don't we HAVE to fix New York Coin's supply issues? Everyone else has finite supply. Inflation is not okay for crypto.
If we fix a hard maximum, we should have a reason for doing it, something that helps us reach our ultimate goal. Fixing supply, and effectively making New York Coin deflationary like other coins might help it become a better store of value, but if that's what we are, what's the point of ATMs and local business support? Bitcoin has been dropped by both Steam and Microsoft recently because of it's exploding costs and congestion, both of which are complicated by how effective it is as a store of value. As bitcoin gets more expensive, it's transactions do as well. As it gets more secured, the cost of securing it goes up. Deflation was a pretty unique attribute of bitcoin when it arrived, and has been a big part of its success, so people labeled it good, but it's not universally good, it's good for something specific. For those that need to compete with the 800lb gorilla that is Bitcoin, they probably need to replicate that. But for a coin like NYC that would do well to be a partner to bitcoin, we don't need to copy that part any more than we'd want to copy 10 minute confirmations.
Ultimately, if we're going to stay fast 'n free, we need a way to reward those securing the network. Once new coins run out when the hard cap gets closer, transactions fees are the only way to do that in a deflationary environment. But if we toss deflation, and embrace inflation, we can keep paying miners, keep the network secure and retain our most valuable asset. Fast 'n free branding is easy to understand, easy to distinguish from every other crypto, and comparing it to an alternative, say, "fast and cheap", well honestly, 'cheap' sounds subpar and inferior. Fast 'n free branding is invaluable for us in a crowded crypto space.
We can't just have infinite supply, can we?
It would be wise to place a curve in place. If we succeed at getting NYC adopted, each will be worth more, the cost of incentivizing miners in NYC will go down. If we don't succeed, nothing matters, so we might as well plan for success and taper off the rewards. I think it would be grand to tie rewards inversely to transaction volume or weight, the idea being that as NYC is used more, it will almost certainly have more value and fewer rewards will be necessary to incentivize people to secure the network.
You might be wondering what the impact on price is. What we should be thinking about though is market cap, and there are other ways to reward our hodlers besides increase in value per NYC. Whether value of NYC increases per coin or by staying stable as more coins come into existence is basically the same thing, especially if we can offer a form of interest to our hodlers rather than miner rewards. Increase in quantity of coins vs increase in value of coins. Additionally, we should consider a less expensive means of securing the network, so we don't have to overdo inflation to cover wasteful electricity and capital expenditures. Both rewarding NYC hodlers and lowering our costs can be achieved by moving from Proof of Work in the Scrypt algorithm to Proof of Stake.
Proof of Stake as a less costly way to mine and a way to reward hodlers beyond value increase
New York Coin is under the radar right now, so mining is fine, but we're near the bottom of our algorithm in security and are susceptible to 51% attack as soon as we start to make an impression on the market. Bitconnect Coin was very scammy, but was nearly second place on the scrypt algorithm and was attacked about a month ago and driven involuntarily into proof of stake before their other issues dissolved them. We should plot a move to proof of stake BEFORE we get attacked, because right now, we're vulnerable, and there's no speed at which we could secure ourselves through scrypt mining that would take away that threat. One litecoin pool getting hacked and used to attack us could wreck confidence in NYC before we even get off the ground.
As a bonus to moving to proof of stake, it could be carried out on any PC, not specialized asics or even hard to find GPUs, so any user could participate. I don't see why a staking wallet couldn't be done for mobile as well, allowing every NYC fan to participate, and every staker helps prevent attacks with very little capital or electrical costs. This would allow our loyal hodlers/investors to benefit from interest and replace some of the value appreciation per coin that comes with store of value coins with quantity as staking rewards, and their costs to run a staking wallet could be almost zero as it can run in the background at almost no power.
But we want NYC to gain value, why limit that through inflation?
We want NYC to be worth more than 100ths of a penny, definitely, and that's very doable. But at a certain point, endless value increase undermines NYC's value as a medium of transaction. People don't want to calculate thousands of satoshis or milliNYC or say "point zero zero zero blah" anything. It's just uncomfortable. They're used to dealing with two decimal places, and perhaps the biggest failing of crypto is trying to force non-nerds to acclimate to 8 decimal points. If they're there but ignorable, it's not a big deal. But if most transact-able values are behind the decimal (tens, hundreds, even thousands of dollars, as with bitcoin), that's a HUGE problem for getting ordinary shoppers to adopt it for daily transactions. Bitcoin hit this uncomfortable region in 2017, and litecoin may well follow soon. NYC community should get comfortable with large supply because that best serves our function as a medium of transaction.
There will be people coming in and demanding a coin burn b/c NYC's problems are all about supply, but we should keep our eye on the prize and pursue a supply policy that serves our core long term interests, not a quick pumpndump story.
If possible, we might do well to reclaim NYC from long abandoned addresses and rather than burning them, recirculate them to stakers as rewards instead of creating new coins. This would helps us limit just how inflationary we get, but the goal should be to be conservative about inflation, not to avoid it or to deflate and try and take a shortcut to greater per coin valuation.
I disagree, but I'm not sure how hard to fight this, I don't want to make a fuss
I wanted to make a strong case for the argument precisely because I know it will meet resistance. My goal is not to quash anyone's argument or steamroll anyone, I just want a fair hearing. Your impassioned arguments against even limited inflation are welcome here, particular substantial arguments. What's the real benefit of copying deflationary coin supply? Do you really not believe that if NYC was successful and coin values rose as high as bitcoins are now, that it wouldn't suppress consumer adoption over discomfort about how much value is on the change side of the decimal place?
In any case, I have zero power here, the community reigns instead, and that's part of what I like about NYC. So I present a little alternative vision for the community to consider. No decision needs to be made, but I welcome a good discussion. I think the argument for a hard cap on supply right now is just because that's what other coins do. If we don't embrace inflation as I suggest, at a minimum, I'd love for this thread to contribute a better reason and help us focus on how a deflationary model would actually help us accomplish our goal to be a coin in daily use by ordinary, non-techie consumers. Let's have a policy on monetary supply that we've thought out.
TL;DR: That's a lot to read. Do you ever write anything that isn't a giant wall of text?
No, sorry. ¯_(ツ)_/¯
submitted by nodecache to nycoincommunity [link] [comments]

UNO Giveaway!

A Truly Valuable Coin with a Long History
After learning the ropes of crypto in /dogecoin, a lot of Shibes want to expand their horizons and “graduate” to other interesting coins.
People pass through /dogecoin from time-to-time promoting the latest greatest “S%#tcoin”. Some Shibes buy into the hype and get burned. The wonder coin disappears in a few weeks. The only people who make money are the promoters.
A smart Shibe like you understands that scarcity, good distribution, proven demand, liquidity and a great community is what adds value to a crypto currency.
Ladies and Gentleshibes…
I give you Unobtanium. We call it “Uno”.
I’m really gonna give you some. We want to share our great community and the solid proven economics of Unobtanium to all of the shibes.
Go get your wallet here: http://unobtanium.uno so I can make it rain on you!
NO HYPE: JUST HISTORY It is difficult to acquire. It is rare. It is OLD in crypto-time. (Launched in October 2013).
We have a great and active community over at BTC Talk: https://bitcointalk.org/index.php?topic=527500.0
We also have a Reddit sub at /unobtanium. Join us!
Uno was 0% pre-mined, not even a single block. Launch was pre-announced on Bitcointalk and COMPLETELY FAIR. There is no POS to erode your UNO holdings over time. If one UNO is lost, then there will be one less UNO, forever.
Our lead developer is the famous Bryce Weiner—not some anonymous pump and dumper. Nobody made a huge profit on the back of the community when Uno was born. There are more than 10,000 Unobtainium wallets in existence after 15 months.
Uno is rare and fair. Those are our founding principles.
• It's rare: we are at 194k coins and it will take a long time to get to 195k. It will take 300 years for the last UNO to be mined.
• High mining rate from day one distributed to 100s of miners.
• It's secure. UNO is running Top 5 strongest networks on the planet. In a few weeks, we will begin merge mining with Bitcoin itself!
• It stores value and rises steadily, Look at the all-time chart in USD: http://bravenewcoin.com/unobtanium/.
Current value of 1 UNO is $3.14 EACH. That's 19,912 Doge.
LEARN about Uno from some recent press:
http://cointelegraph.com/news/112717/the-alt-cracks-altcoin-stories-that-fell-through-the-cracks
https://www.cryptocoinsnews.com/unobtanium/
http://www.newsbtc.com/2015/03/08/unobtanium-can-consider-stable-cryptocurrency/
It's raining Unobtanium. 1 Uno = 1 kilogram. 1000 grams in a Kilo.
In .01 units (one 100th of a Uno, 10 grams, equal to 199 Dogecoins) to anyone who posts a Uno wallet address in this thread for the remainder of this week. Get your wallet at www.unobtanium.uno
Some lucky Shibes who comment and use one of the 11 “Secret Uno Words” in their comment will get 10 TIMES the Uno! .1 Uno, or 100 grams (worth 1999 Doge) to the FIRST Shibe who uses each of one of the magic Uno-related words!
It’s time to rain UNO. Post your wallet and tell me why you want to own and HODL Uno for the long run!
I will check in every few hours for the next 5 days and rain on unique wallets. I'll be keeping track of the wallet addresses and usernames.
A hard rain's a gonna fall!
Thanks to everyone who came and got UNO! This Giveaway is COMPLETE!
submitted by Gekko463 to dogecoin [link] [comments]

Cloud Mining with Minimal Investments: Myth or Reality?

In the past few years, cloud mining has become a major controversy in the cryptocurrency community, attracting plenty of converts along the way. But there are still millions of crypto miners who either haven’t experienced the value of cloud litecoin mining or haven’t been persuaded that it’s the best way to mine.
The truth is that cloud miners have come a long way in a short period of time, and it’s becoming an ever more viable method for ordinary investors to mine cryptocurrencies.
However, there are still a few myths surrounding cloud litecoin mining and mining other currencies via the cloud. So let’s explore some of those myths and find out what the cloud has to offer.
Cloud Mining is a Luxury
In the past, cloud miners have been seen as a premium add-on to the crypto community, with cloud litecoin mining and cloud bitcoin mining offering a service for people who weren’t serious about making money from mining.
Basically, sceptics saw cloud ethereum mining as something that was a neat idea but had so many in-built risks and costs that it would only suit investors with enough cash to spare for marginal, high-risk investments.
Cloud-based cryptocurrency services provider Hashtoro, meanwhile, believes that the truth looks differently today. According to the team, cloud miners are now more transparent and professional, offering flexible packages that almost any investors can afford. They hedge risks more efficiently, find creative ways to reduce energy consumption and costs, and, above all, deliver reliable returns.
These developments have attracted a mass market to bitcoin, ethereum and cloud litecoin mining, which are definitely not just luxury activities. They are in the mainstream and moving from strength to strength.
Cloud Mining is Limited
In the past, this was true. Early cloud mining services tended to offer limited choices when it came to the kind of currencies users could mine, with cloud bitcoin mining most common.
Nowadays, cloud mining uses a range of different cryptocurrencies. Investors can opt for cloud bitcoin mining, but also cloud litecoin mining, cloud ethereum mining or a mixture of all three to hedge their risks.
Cloud Mining Unprofitable
This is now totally wrong. Cloud bitcoin mining cuts the cost of setting up and running home servers, which can run to thousands of dollars. With cloud ethereum mining or cloud bitcoin mining, the only payments are to the mining company.
However, cloud litecoin mining companies do have to cover their costs, so they take a proportion of your investment as a maintenance fee. In some cases, this can make cloud litecoin mining less profitable than going solo – but with reputable operations, this isn’t the case.
A look at some figures makes this easier to understand. For example, Hashtoro might offer 100TH of capacity for a $6000 investment, yielding around 1.7 bitcoin per year.
Sticking with home mining would require an outlay of thousands of dollars on graphics cards, or it would need so much capacity that the heat would render most apartments unlivable. And that capacity would still work out more expensive than using a well-run cloud bitcoin mining operation. ** Crypto Prices Ruin Cloud Miners**
Sometimes, cloud litecoin mining stopps operating when the price of the currency dips. The same disruptions are commonly detected in cloud ethereum mining and cloud bitcoin mining.
Fortunately, newer cloud ethereum mining companies have found ways to minimize the risk of disruption. For instance, Hashtoro keeps cost low by using the facilities of inactive lumber companies, cheap Finnish electricity, and a variety of currencies.
If the price of cloud ethereum mining rises, other currencies can pick up the slack. At the same time, dynamic cloud mining software automatically adjusts the servers as prices fluctuate – keeping profits at a steady level.
Cloud miners have come a long way in recent times, and it’s a great time to discover what they have to offer. With cheaper setup costs and hardly any hassle compared to home mining, using the cloud to earn litecoin, bitcoin or try cloud ethereum mining makes perfect sense, doesn’t it?
When you mine with Hashtoro, you can expect reliable crypto mining with minimal investment. So log on, make an investment and discover how far low overhead crypto mining has come.
submitted by SwitchKanun to hashflareinfo [link] [comments]

Subreddit Stats: btc top posts from 2018-04-20 to 2018-05-20 06:58 PDT

Period: 29.85 days
Submissions Comments
Total 1000 53623
Rate (per day) 33.50 1780.26
Unique Redditors 466 5134
Combined Score 118969 219877

Top Submitters' Top Submissions

  1. 7839 points, 57 submissions: MemoryDealers
    1. If all the 32MB blocks were permanently 100% full, this $400 hard drive could store the blockchain for the next 7 years. (373 points, 352 comments)
    2. The people behind Bitcoin Cash are the ones who created Bitcoin's network effect in the first place. (357 points, 123 comments)
    3. Bitcoin subscribers are now calling for people to report Bitcoin.com to the Internet Crime Complaint Center of the FBI. It's sad that BTC supporters all seem to be statists who yell about hodling their muh store of value all day. (348 points, 288 comments)
    4. I have more emails saved on my computer than the entire BTC or BCH block chains. (319 points, 131 comments)
    5. Bitcoin.com is now sponsoring pro female MMA athletes. (293 points, 121 comments)
    6. CoinGeek will support Bitcoin.com in lawsuit over the real Bitcoin - Coingeek (273 points, 354 comments)
    7. Bitcoin Cash is now on iOS in the world’s most popular crypto wallet. #winning (257 points, 131 comments)
    8. "The vast majority of mining hash power was controlled by people who were psychologically incapable of disobedience to perceived authority." -Mike Hearn (250 points, 194 comments)
    9. "BTC True Believers" Are Boycotting the First National Talk Radio Show that ever Discussed Bitcoin because they accept BCH payments. (245 points, 116 comments)
    10. All I keep hearing is that Bitcoin Cash is an infested cesspool of lawless, leaderless, disrespectful, narcissistic, greedy, scammy, capitalistic anarchists that will never create digital money! I swear I’m getting dejavu! (225 points, 46 comments)
  2. 3965 points, 19 submissions: hunk_quark
    1. Warren Buffet's Berkshire is the single largest stockholder in BoA and WellsFargo. In case you were wondering about his attitude towards Bitcoin. (614 points, 114 comments)
    2. Purse.io is paying its employees in Bitcoin Cash. (447 points, 63 comments)
    3. Shoutout to Kraken for standing up to NY Attorney General. If Schneiderman wants transparency and accountability he should be looking into auditing the fed. (406 points, 28 comments)
    4. Bitcoin is rat poison. The bankers are the rats. (404 points, 56 comments)
    5. Forbes Author Frances Coppola takes blockstream to task. (364 points, 35 comments)
    6. Purse CEO Andrew Lee confirms they are paying employees in BCH and native BCH integration update will be coming soon! (343 points, 43 comments)
    7. PSA: So called 'low-fee' cryptocurrency Litecoin has transaction fees 20x higher than Bitcoin Cash (264 points, 80 comments)
    8. After today's BCH Upgrade, longer posts are now enabled on memo.cash! (250 points, 31 comments)
    9. Jeffrey Tucker is promoting bitcoin.com at Atlanta Bitcoin Embassy. (195 points, 57 comments)
    10. Anti-Bitcoiners, life comes at you fast! (109 points, 26 comments)
  3. 3846 points, 30 submissions: Kain_niaK
    1. Bitcoin Cash has not only removed the cap on transactions but also the cap on development. Something new pops up every time I blink. (368 points, 162 comments)
    2. I am getting flashbacks from when I tried to close my Bank of America account ... (353 points, 155 comments)
    3. Fucking /bitcoin assholes reported my twitter account and now I need to verify with a phone number before I can continue with twitter. (325 points, 218 comments)
    4. Paul Wasensteiner: When is @Twitter going to fix the abuse of the report button by @bitcoincoreorg supporters? Why are supporters of a supposedly censorship-resistant money using censorship at every opportunity? (295 points, 106 comments)
    5. We should pirate the entire piratebay.org website and all it's functionality directly on to the Bitcoin Cash blockchain. The piratebay.org is just magnet links and comments. Then they will say bcash stole our business ... (232 points, 439 comments)
    6. Fees higher than a dollar cent or waiting times longer than a couple of seconds defeat the entire purpose of why Bitcoin was invented. (218 points, 164 comments)
    7. moneybutton.com is a configurable client-side Bitcoin Cash (BCH) wallet in an iframe. When the user makes a payment, a webhook URL is called allowing your app to respond to the payment, such as displaying content behind a pay wall. (189 points, 37 comments)
    8. We proudly present BCHpizza.org! Now the community can create city bounties for pizza shops to incentivize them to accept Bitcoin Cash. First pizza shop in a city to do so gets the bounty! (177 points, 117 comments)
    9. Bitcoin Cash can turn in to the biggest non violent protest against the establishment ever : "We simply stop using their money." Which is a great way of getting edgy teenagers to join us. There is an almost infinite supply of edgy teenagers in the world. (156 points, 42 comments)
    10. We need testers for the Cash Shuffle plugin. (121 points, 17 comments)
  4. 3666 points, 28 submissions: Windowly
    1. "Billion-dollar corporations take note: Bitcoin Cash is open for business! Just try to fill up our blocks, I dare you. There will be no "Fidelity Effect" with BCH. Unlike BTC, we want you to use the Blockchain. BCH never really hits a scale ceiling."~Dr. Peter Rizun (415 points, 177 comments)
    2. "In a discussion group of BCH, lots of investors concerned about the address confusing problem. BCH community should push every software of ecosystem to upgrade to Cashaddr ASAP."~Jihan Wu (366 points, 215 comments)
    3. "Maybe the best way to bring economic freedom to the world is to make an uncensorable Twitter."~Ryan X. Charles (300 points, 114 comments)
    4. Newbie tip! Do yourself a favor, get a Protonmail email account and switch all your crypto exchanges to that email. No reason Google/Gmail need to have your entire crypto history at their fingertips. (299 points, 133 comments)
    5. "On the 15th of May, I'll be popping the champagne, not to celebrate high fees, but to celebrate continued low fees, privacy enablements, smart contract capabilities, and PayPal level throughput capability."~Eli Afram (233 points, 46 comments)
    6. 24% of the trading on GDAX in the last 24 hours was for Bitcoin Cash (BCH)! 😊💃 (185 points, 16 comments)
    7. Yeah!! "We are pleased to announce that the new Bitcoin Cash address format has been implemented on QuadrigaCX. This will help our users to easily distinguish Bitcoin and Bitcoin Cash addresses when funding/withdrawing their account. The BCH legacy addresses will still be supported." (165 points, 8 comments)
    8. ANNOUNCE: Coinbase has blocked the official @WikiLeaks shop from its platform without notice or explanation. You can continue to donate #Bitcoin to WikiLeaks at https://WikiLeaks.org/donate . (164 points, 55 comments)
    9. There is a Bitcoin Unlimited election today. (BU is one of the 6+ development teams that develop clients for Bitcoin Cash (BCH). BU has a unique governance system where developers are not king. . instead members vote on proposals. If you are a member, please vote! (161 points, 29 comments)
    10. Bitpay Adds Bitcoin Cash Support to Checkout Point-of-Sale App - Bitcoin News (151 points, 22 comments)
  5. 2565 points, 15 submissions: BitcoinXio
    1. Bitcoin Cash is upgrading on May 15 to 32MB max block limit (575 points, 335 comments)
    2. Frances Coppola on Twitter: “Congratulations, Blockstream, you have just reinvented the interbank lending market.” (411 points, 139 comments)
    3. Once again Core supporters threaten with lawsuits and government intervention to try to get their way. This is just pathetic and not the foundations of what Bitcoin was built on. These are not bitcoiners. (299 points, 355 comments)
    4. Get ready - Bitcoin Cash is upgrading on May 15th! (198 points, 132 comments)
    5. CobraBitcoin: "Lightning is cool, but nobody should be recommending it to actual merchants for at least the next few years. Merchants like Steam already got hurt by adopting Bitcoin and regretting it later. Lightning needs time to mature and prove itself. Mad hype to rush adoption will harm it." (157 points, 58 comments)
    6. Blockchain on Twitter: “What's that you see? It's all your BCH that now appears in your #ios wallet. Take control of your financial future and #beyourownbank today.” (138 points, 20 comments)
    7. We are living in the digital age of information, which is why censorship has become such an important issue [...] That’s why I’m excited about decentralized social networks built on top of Bitcoin Cash like @BlockPressApp & @memobch. They are new so need work, but the path is being paved. (131 points, 31 comments)
    8. BlockPress published its protocol (123 points, 22 comments)
    9. We have a new alternative public mod logs (96 points, 35 comments)
    10. If Bitcoin Core (BTC) is no longer usable by many people in the world due to being out priced (high tx fees), is it still “borderless”? I’d argue that it’s no longer borderless if people all over the world are excluded from the network. (95 points, 34 comments)
  6. 2030 points, 11 submissions: tralxz
    1. Breaking News: Winklevoss Brothers Bitcoin Exchange Adds Bitcoin Cash support! (508 points, 115 comments)
    2. Jihan Wu was asked "Why are the miners still supporting Bitcoin Core? Is it just a short term profitability play?", he answered: "Yes, exactly." (279 points, 215 comments)
    3. Cobra:"That feeling when Blockstream, [...] release Liquid, a completely centralized sidechain run only by trusted nodes and designed for banks, financial institutions and exchanges." (245 points, 145 comments)
    4. LibreOffice Foundation accepts Bitcoin Cash donations. (191 points, 11 comments)
    5. Breaking News! Vin Armani: "Major mining pools have agreed to establish a treasury and start funding $BCH development from their block rewards. HUGE!!!" (186 points, 80 comments)
    6. CNBC's Fast Money: Ran NeuNer says he would HODL Bitcoin Cash and sell Bitcoin Core. (172 points, 59 comments)
    7. Jihan Wu on Bloomberg predicting Bitcoin Cash at $100,000 USD in 5 years. (172 points, 65 comments)
    8. Let's start the Bitcoin Cash upgrade party. New era for BCH is coming May 15. Privacy tools + smart contracts + PayPal capacity handling. Exciting times ahead! (106 points, 37 comments)
    9. Coindesk: "Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments" (60 points, 8 comments)
    10. Adam B.: "Bitcoin is not a democracy". The authoritarian moves by Core makes perfect sense now. (59 points, 46 comments)
  7. 1485 points, 12 submissions: jonald_fyookball
    1. BTCers fundraise for frivolous lawsuit. BCH fundraises to feed Venezuelans. (233 points, 58 comments)
    2. bitcoin admits: best way to use Lightning Network: don't use it. (189 points, 286 comments)
    3. Electron Cash 3.2 is available. Includes new op-codes and fixes for Ledger hardware wallet (180 points, 50 comments)
    4. If you have to call it bcash you've already lost the argument (164 points, 257 comments)
    5. Cash Shuffle plugin 0.2 - Cash Shuffle development continues (131 points, 37 comments)
    6. Claims that BCH is a "centralized coin" are exaggerations at best. (114 points, 83 comments)
    7. (shitpost) philosoraptor meme: if honeybadger don't care... (106 points, 22 comments)
    8. BCH being a minority chain may be a blessing in disguise (97 points, 83 comments)
    9. Another reason to be bullish on BCH (92 points, 18 comments)
    10. BCHpizza already has 4 bounties posted. It's also no longer needed to sign a message to post a bounty. (89 points, 21 comments)
  8. 1393 points, 8 submissions: rdar1999
    1. Naomi Brockwell on Twitter: "[I] won’t succumb to censorship through intimidation." (332 points, 190 comments)
    2. Consensus 2018 sucked hard. Superficial talks, ridiculous ticket price, overcrowded venue. (233 points, 78 comments)
    3. ==> Becash or Begone: reclaiming the "bcash" trolling (213 points, 107 comments)
    4. See in this twitter thread Luke Jr actually arguing that PayPal is cheaper than BCH!! Is this guy in full delirium? Or just spouts misinformation on purpose? (172 points, 227 comments)
    5. ///\ BTC-BCH persists as the most popular trade on ShapeShift.io /// (171 points, 20 comments)
    6. The retard tribalism is so real. SBI japan's financial giant says they will launch a platform with BCH as settlement coin (due to BTC being bad) and XRP as remittances. I provide the link and cryptocurrency shills deny plain literally declared fact. (124 points, 50 comments)
    7. Chris DeRose on Twitter: "So if Roger ver wins the class action lawsuit, I assume that Bitcoin cash can then rightfully sue Bitcoin core proponents for fraud?" (92 points, 61 comments)
    8. Upgrade completed at height 530356! (56 points, 2 comments)
  9. 1377 points, 12 submissions: Egon_1
    1. Genesis Mining:"We are more than happy to announce that Bitcoin Cash is now available as a Native Mining option for all Bitcoin (Sha256) contracts!" (287 points, 22 comments)
    2. Jihan Wu on BCH Lighthouse:”This project was abandoned on BTC Blockchain long time ago, it is very excited to see it is alive again on BCH Blockchain. It can be very huge.” (278 points, 50 comments)
    3. Yahoo Finance: "Bitcoin Goes Lateral as Bitcoin Cash Steals the Show… AGAIN" (189 points, 46 comments)
    4. "Bitcoin Cash is actually more interesting ..." (119 points, 15 comments)
    5. Jeff Garzik:"Just got an earful from a Chicago cabbie, on $LTC He was very grumpy at @SatoshiLite selling, saying it indicated a lack of founder's confidence in his own creation. #StreetCrypto" (100 points, 8 comments)
    6. “Why don't we start saying: "Bitcoin is Cash" It's much harder to refute than "Bitcoin Cash IS Bitcoin"“ (75 points, 49 comments)
    7. "Because Bitcoin Cash is effectively Bitcoin ✌️ (72 points, 22 comments)
    8. Bye Bye P2P Electronic Cash ... (68 points, 88 comments)
    9. Bitcoin.com Wallet needs more useful services integrated... beyond Shapeshift (59 points, 24 comments)
    10. BCH keeps bitcoins minions busy (48 points, 28 comments)
  10. 1291 points, 9 submissions: increaseblocks
    1. Vitalik Buterin says what we've all been saying - CoinDesk is scammy and complicit bad actor in the cryptocurrency world and should be shunned (510 points, 61 comments)
    2. Bitcoin Wallet Mycelium Begins Rolling Out Bitcoin Cash BCH Support (163 points, 39 comments)
    3. Cheddr is a Bitcoin Cash Point Of Sale system that runs in most modern browsers - no server infrastructure required (137 points, 31 comments)
    4. Leaked Telegram chat shows bitcoin.com "fraud" lawsuit was abandoned due to lack of support 😂😂😂 (135 points, 32 comments)
    5. Toshi to expand beyond Ethereum - will add Bitcoin Cash (91 points, 7 comments)
    6. Litecoin transaction fees 20 times higher than Bitcoin Cash (85 points, 44 comments)
    7. DAMN BCH! (68 points, 25 comments)
    8. In honor of the Bitcoin Cash successful upgrade and now we have the true lightning network. I present to you lightningnetwork.cash! (58 points, 22 comments)
    9. Bcore shills are crying right now 😭😭😂😂 (44 points, 10 comments)
  11. 1202 points, 9 submissions: SharkLaserrrrr
    1. Memo is now open source! (361 points, 160 comments)
    2. Based on @BitcoinCashFund report, preliminary calculation: Total spent: $153,138.49 Total spent on Salaries and Travel: $101,996.79 ~66% of donations is spent on themselves, charities/non-profits (official registered ones) limit themselves to less than 10% (161 points, 181 comments)
    3. [PREVIEW] Looks like Lighthouse powered by Bitcoin Cash is coming together nicely thanks to the hard work of an anonymous developer. I wonder how Mike Hearn feels about his project being resurrected. (159 points, 24 comments)
    4. We heard you want a Bitcoin Cash exclusive wallet that uses ‘bits’ and enables you to buy anything online and pay with Bitcoin Cash so we are building one #cashpay #CryptonizeYourPurchases (137 points, 77 comments)
    5. Bitcoin Cash is the real Bitcoin experience. If you have any doubts, go buy something on cryptonize.it, then buy something off a Lightning store and compare what you had to go through to pay for your order. (103 points, 51 comments)
    6. As of today, cryptonize.it shows prices in Bitcoin Cash next to fiat! (81 points, 9 comments)
    7. Incompatible protocols gave us the ’90s web which was not a pretty sight. Let’s not repeat the same mistakes when building censorship resisted social media powered by Bitcoin Cash. Support @MemoBCH protocol. (72 points, 57 comments)
    8. To help developers raise funds, cryptonize.it is sponsoring a Lighthouse server and website so useful projects can be funded by the community directly. (66 points, 7 comments)
    9. $25,- Amazon gift cards back in store, 0-conf. instant delivery, the real bitcoin experience (62 points, 18 comments)
  12. 1189 points, 1 submission: ocist1121
    1. No spend (1189 points, 87 comments)
  13. 1148 points, 6 submissions: BeijingBitcoins
    1. Three years ago today, Mike Hearn published an article explaining exactly what would happen when the 1MB blocksize limit was hit. He was right on all counts. (473 points, 173 comments)
    2. An easy way to visualize the August 1st Hard Fork. Neither of the two branches resulting from a fork can be called "the original road," but only one branch continues towards the same destination. (163 points, 140 comments)
    3. Bitcoin Core fanatics are trying to organize a lawsuit against Bitcoin.com for using the term "Bitcoin (BCH)", while they run around all day labelling it "Bcash" (157 points, 167 comments)
    4. "Bitcoin Cash won't "fork" in May. Instead, Bitcoin Cash will just upgrade." (123 points, 53 comments)
    5. Just launched: Satoshi Pulse, by Bitcoin.com (121 points, 44 comments)
    6. Ryan Charles delivers an epic rant about Lightning Network problems (111 points, 19 comments)
  14. 1085 points, 10 submissions: unitedstatian
    1. Reminder: Blockstream plans to make money from the proprietary solutions it sells, which is why it moved away from the free permissionless blockchain to an abstracted layer on top which requires 3rd party solutions to be cost effective for most users. (220 points, 146 comments)
    2. It seems there's been a massive propaganda campaign to brainwash people into thinking hardforks are bad. (180 points, 56 comments)
    3. BCH could really be missing the new big use case. Gamers would love to have real ownership of game items. The first game which will integrate a digital coin and make it popular will be groundbreaking. (141 points, 76 comments)
    4. The guy had 350 bucks received via Lightning Network but he can't even close the channels to actually withdraw the bitcoins. (139 points, 188 comments)
    5. What gives Core the right to change the model so drastically and still keep the brand name? (119 points, 117 comments)
    6. One of the most ignorant - even anti-crypto - argument I hear around is that BCH is a currency controlled by Chinese miners. (88 points, 74 comments)
    7. The first megabytes are far more crucial than the 100th. Not every MB was born equal and by giving up on adoption for years Core may have given up on adoption forever. (69 points, 20 comments)
    8. In light of the recent ERC-20 bug I think this is a good time to remember these wise words (54 points, 25 comments)
    9. If BCH had decent privacy features it'd gain so much more market share. It's hard to compete with privacy-always-on coins such as XMR but many more coins offer moderate privacy and would be easy to beat. (42 points, 31 comments)
    10. If Memo taught me one thing it's the more uses around the coin the better - can BCH be adopted to help fight counterfeiting? (33 points, 4 comments)
  15. 1055 points, 5 submissions: ForkiusMaximus
    1. MortuusBestia hits on a pitch-perfect way of looking at BCH's value proposition in epic comment on /BitcoinMarkets (604 points, 109 comments)
    2. I am excited that BCH is being irrationally criticized, because it reminds me of 2011 and 2012 when Bitcoin was being irrationally criticized. Any of 2013, when the price rose 100x. (183 points, 82 comments)
    3. Japanese tweeter makes a good point about BTC: "You don't call it an asset if it crumbles away every time you go to use it. You call it a consumable." (144 points, 21 comments)
    4. Jimmy Nguyen: Bitcoin Cash can function for higher level technical programming (80 points, 3 comments)
    5. How NOT to tell which is "the real Bitcoin" (44 points, 15 comments)
  16. 1032 points, 6 submissions: theantnest
    1. Let's start a class action lawsuit against Canada for calling their currency the dollar. I accidentally bought CAD when I wanted USD, and didn't know I could just exchange it again. (511 points, 243 comments)
    2. BTC noobs conned into being concerned about node count to distract them from the real centralization problem: (137 points, 172 comments)
    3. Any real scientist interested in Bitcoin should be happy Bitcoin Cash exists. (110 points, 40 comments)
    4. Blockstream shill admits to exaggerating and slandering Roger purely because he doesn't support BTC. (103 points, 49 comments)
    5. Cognitive Dissonance: It's totally fine to call BCH 'bcash', but it's fraudulent to call it Bitcoin? (93 points, 51 comments)
    6. Be Cash! (78 points, 45 comments)
  17. 1029 points, 7 submissions: zhell_
    1. MEMO NOW SUPPORTS REPLIES, join the Party now ! (208 points, 50 comments)
    2. memo.cash has been generating 2000 tx/day since its start, which is near 10% of all transactions on the BCH network. (201 points, 73 comments)
    3. "Money comes from being the most tradable of all commodities" Austrian Economics (189 points, 104 comments)
    4. Fiat is crashing: Inflation in the US averages at 10%/year in the past 5 years when measured as the price of the top 500 items on which Americans spend their after-tax dollars. (183 points, 49 comments)
    5. Memo.cash breaks a record with 3000 on-chain actions in the last 24h after implementing replies (143 points, 25 comments)
    6. with 2k tx/day, memo.cash is only using ~0.09% of 8MB blocks capacity currently on the BCH network (that would be 0.02% of 32MB blocks) (69 points, 3 comments)
    7. Help! I bought what I thought was Bitcoin and it is now gone! /s (36 points, 8 comments)
  18. 1020 points, 4 submissions: Anenome5
    1. Let's End the War and focus on the TRUE ENEMY (719 points, 349 comments)
    2. Satoshi's original whitepaper talks about "Reclaiming Disk Space" by pruning transactions, what's being done on this front? Core-trolls say we don't need to store forever that you bought a coffee, and that's true, and Satoshi also proposed how to fix that long ago. (200 points, 166 comments)
    3. Core'er says $50 fees "a wtf moment for everyone" but doubts it will ever happen again. Seems they're in for a surprise, BTC is still extremely vulnerable to transaction-fee price-inflation due to low capacity. BTC transaction fees currently 19+ times higher than BCH. (65 points, 30 comments)
    4. Bitcoin Cash, the early years... [OC] (36 points, 16 comments)

Top Commenters

  1. jessquit (3904 points, 368 comments)
  2. Kain_niaK (3058 points, 684 comments)
  3. bambarasta (2674 points, 360 comments)
  4. H0dl (2352 points, 464 comments)
  5. rdar1999 (2352 points, 404 comments)
  6. BitttBurger (2301 points, 313 comments)
  7. Adrian-X (2118 points, 506 comments)
  8. MemoryDealers (2084 points, 102 comments)
  9. trolldetectr (2073 points, 502 comments)
  10. LexGrom (2055 points, 709 comments)
  11. Ant-n (1834 points, 334 comments)
  12. LovelyDay (1820 points, 468 comments)
  13. jimbtc (1734 points, 212 comments)
  14. fruitsofknowledge (1618 points, 469 comments)
  15. ForkiusMaximus (1612 points, 211 comments)
  16. unstoppable-cash (1537 points, 201 comments)
  17. unitedstatian (1485 points, 388 comments)
  18. jonald_fyookball (1481 points, 142 comments)
  19. Bitcoinopoly (1471 points, 175 comments)
  20. BeijingBitcoins (1430 points, 100 comments)
  21. KoKansei (1330 points, 84 comments)
  22. MobTwo (1309 points, 93 comments)
  23. btcnewsupdates (1263 points, 153 comments)
  24. lubokkanev (1252 points, 298 comments)
  25. BitcoinXio (1251 points, 76 comments)
  26. taipalag (1248 points, 250 comments)
  27. mrtest001 (1075 points, 271 comments)
  28. LuxuriousThrowAway (1072 points, 163 comments)
  29. MarchewkaCzerwona (1046 points, 119 comments)
  30. cbeaks (985 points, 175 comments)
  31. SharkLaserrrrr (976 points, 135 comments)
  32. tippr (974 points, 523 comments)
  33. knight222 (963 points, 132 comments)
  34. PsyRev_ (941 points, 189 comments)
  35. radmege (919 points, 62 comments)
  36. Anenome5 (914 points, 182 comments)
  37. Churn (886 points, 75 comments)
  38. 324JL (855 points, 200 comments)
  39. emergent_reasons (854 points, 143 comments)
  40. TiagoTiagoT (841 points, 320 comments)
  41. bahkins313 (831 points, 121 comments)
  42. silverjustice (825 points, 62 comments)
  43. cryptorebel (812 points, 148 comments)
  44. scotty321 (811 points, 121 comments)
  45. DaSpawn (808 points, 113 comments)
  46. homopit (795 points, 100 comments)
  47. AcerbLogic (786 points, 205 comments)
  48. normal_rc (777 points, 59 comments)
  49. fiah84 (774 points, 136 comments)
  50. Deadbeat1000 (753 points, 61 comments)

Top Submissions

  1. No spend by ocist1121 (1189 points, 87 comments)
  2. 1 For whoever questions the utility of Bitcoin, here's banking summarized accurately by rlibec (783 points, 163 comments)
  3. Let's End the War and focus on the TRUE ENEMY by Anenome5 (719 points, 349 comments)
  4. Am I the only one that doesn't mind Bitcoin Cash being called "Bitcoin Cash" instead of just "Bitcoin" (for now)? by d3on (672 points, 401 comments)
  5. Warren Buffet's Berkshire is the single largest stockholder in BoA and WellsFargo. In case you were wondering about his attitude towards Bitcoin. by hunk_quark (614 points, 114 comments)
  6. MortuusBestia hits on a pitch-perfect way of looking at BCH's value proposition in epic comment on /BitcoinMarkets by ForkiusMaximus (604 points, 109 comments)
  7. coincall.io labels BCH a "shitcoin" by groovymash (586 points, 329 comments)
  8. Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.” by sumsaph (585 points, 547 comments)
  9. Can’t believe this was available. My new license plate.. by VanquishAudio (581 points, 113 comments)
  10. Bitcoin Cash is upgrading on May 15 to 32MB max block limit by BitcoinXio (575 points, 335 comments)

Top Comments

  1. 322 points: rdar1999's comment in My dog ate my TREZOR. Check your recovery seeds folks!
  2. 314 points: my_next_account's comment in Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.”
  3. 259 points: everyother's comment in 1 For whoever questions the utility of Bitcoin, here's banking summarized accurately
  4. 225 points: morli's comment in Can’t believe this was available. My new license plate..
  5. 209 points: groovymash's comment in coincall.io labels BCH a "shitcoin"
  6. 206 points: insanityzwolf's comment in Am I the only one that doesn't mind Bitcoin Cash being called "Bitcoin Cash" instead of just "Bitcoin" (for now)?
  7. 183 points: BitttBurger's comment in MoneyTrigz fails to raise more than $3,700 for Bitcoin.com lawsuit. Considers pulling the plug.
  8. 182 points: patrick99e99's comment in I used to think BCH was the bad guy, now I'm beginning to change the way I see it... Convince me that BCH is the real Bitcoin
  9. 175 points: RollieMe's comment in Trying to see both sides of the scaling debate
  10. 156 points: KillerDr3w's comment in My dog ate my TREZOR. Check your recovery seeds folks!
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: btc posts from 2018-05-14 to 2018-05-19 12:59 PDT

Period: 5.31 days
Submissions Comments
Total 783 12622
Rate (per day) 147.47 2006.25
Unique Redditors 432 1955
Combined Score 23860 47871

Top Submitters' Top Submissions

  1. 1470 points, 7 submissions: hunk_quark
    1. Purse.io is paying its employees in Bitcoin Cash. (441 points, 63 comments)
    2. Forbes Author Frances Coppola takes blockstream to task. (359 points, 35 comments)
    3. Purse CEO Andrew Lee confirms they are paying employees in BCH and native BCH integration update will be coming soon! (334 points, 43 comments)
    4. After today's BCH Upgrade, longer posts are now enabled on memo.cash! (245 points, 31 comments)
    5. Bitcoin cash fund is providing cashback and prizes for using Bitcoin (BCH) on purse.io next month. (76 points, 4 comments)
    6. As an existential threat to his criminal enterprise Wells Fargo, Bitcoin is rat poison for Warren Buffet. (15 points, 1 comment)
    7. Craig Wright in Rwanda- "I've got more money than your country". With advocates like these, no wonder BCH has a PR problem. (0 points, 6 comments)
  2. 1419 points, 6 submissions: tralxz
    1. Breaking News: Winklevoss Brothers Bitcoin Exchange Adds Bitcoin Cash support! (510 points, 115 comments)
    2. Jihan Wu was asked "Why are the miners still supporting Bitcoin Core? Is it just a short term profitability play?", he answered: "Yes, exactly." (273 points, 214 comments)
    3. Cobra:"That feeling when Blockstream, [...] release Liquid, a completely centralized sidechain run only by trusted nodes and designed for banks, financial institutions and exchanges." (240 points, 145 comments)
    4. Jihan Wu on Bloomberg predicting Bitcoin Cash at $100,000 USD in 5 years. (169 points, 65 comments)
    5. CNBC's Fast Money: Ran NeuNer says he would HODL Bitcoin Cash and sell Bitcoin Core. (168 points, 58 comments)
    6. Coindesk: "Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments" (59 points, 8 comments)
  3. 1221 points, 14 submissions: Kain_niaK
    1. I am getting flashbacks from when I tried to close my Bank of America account ... (348 points, 155 comments)
    2. moneybutton.com is a configurable client-side Bitcoin Cash (BCH) wallet in an iframe. When the user makes a payment, a webhook URL is called allowing your app to respond to the payment, such as displaying content behind a pay wall. (189 points, 37 comments)
    3. Bitcoin Cash can turn in to the biggest non violent protest against the establishment ever : "We simply stop using their money." Which is a great way of getting edgy teenagers to join us. There is an almost infinite supply of edgy teenagers in the world. (153 points, 42 comments)
    4. Purse.io at the Coingeek conference in HK just announced native BCH support!!! They are also launching a new software implementation called "bcash" (111 points, 6 comments)
    5. Who is all doing stuff like this on Reddit? Do we realize that we can make the Bitcoin Cash economy easily 10 times as big just by getting Reddit users on board? All they need is a good first user experience. Bitcoin needs to be experienced above everything else before you even talk about it. (109 points, 53 comments)
    6. /cryptocurrency in meltdown (88 points, 16 comments)
    7. Ryan X Charles from Yours.org had an amazing to the point presentation about the future of content creation on the internet. (85 points, 12 comments)
    8. So now that we have had tippr and chaintip for a while, what are you guys favourite and why? Or do you use both? (43 points, 25 comments)
    9. John Moriarty about why you can't separate Bitcoin from Blockchain. (37 points, 12 comments)
    10. The next wave of attack will be all the big internet giants supporting Bitcoin Core and LN. Facebook, Microsoft, Twitter, I bet you that the more successful Bitcoin Cash becomes the more you will see big cooperation’s be forced to go with compromised Bitcoin. (25 points, 28 comments)
  4. 623 points, 5 submissions: BitcoinXio
    1. Frances Coppola on Twitter: “Congratulations, Blockstream, you have just reinvented the interbank lending market.” (414 points, 139 comments)
    2. We have a new alternative public mod logs (101 points, 35 comments)
    3. Bitcoin Cash (BCH) sponsored Mei Yamaguchi's championship fight will be live on YouTube in an hour or so (2 fights left before hers - Livestream) (53 points, 22 comments)
    4. Uncensored: /t/Bitcoin (reddit without the censorship) (49 points, 43 comments)
    5. Information post about the recent suspension and re-activation of publicmodlogs (Update) (6 points, 0 comments)
  5. 582 points, 1 submission: VanquishAudio
    1. Can’t believe this was available. My new license plate.. (582 points, 113 comments)
  6. 493 points, 8 submissions: MemoryDealers
    1. Bitcoin Cash supporting Bitmain is leading a $110M investment in Circle. This is super bullish for BCH on Circle! (122 points, 24 comments)
    2. Bitcoin Core supporter who scammed his way into consensus without a ticket is busy calling Bitcoin.com and others scammers at the event. (98 points, 140 comments)
    3. I see lots of people coming here every day asking why we think Bitcoin is BCH. Here is why I think so: (79 points, 73 comments)
    4. The Bitcoin.com CTO made a fun little transaction puzzle with one of the new op-codes: (79 points, 11 comments)
    5. Bitcoin Cash is the fighter that everyone loves. (42 points, 86 comments)
    6. This graphic aged well over the last 3 months. (34 points, 64 comments)
    7. An example of the sophisticated arguments BTC supporters use against BCH supporters. (20 points, 12 comments)
    8. Tired of staying up all night looking at CoinMarket Cap? Give Bitcoin.com's Satoshi Pulse a try in night mode! (19 points, 11 comments)
  7. 475 points, 4 submissions: rdar1999
    1. Consensus 2018 sucked hard. Superficial talks, ridiculous ticket price, overcrowded venue. (235 points, 78 comments)
    2. See in this twitter thread Luke Jr actually arguing that PayPal is cheaper than BCH!! Is this guy in full delirium? Or just spouts misinformation on purpose? (173 points, 227 comments)
    3. Upgrade completed at height 530356! (59 points, 2 comments)
    4. On decentralization and archival nodes. (8 points, 5 comments)
  8. 465 points, 17 submissions: Windowly
    1. Yeah!! "We are pleased to announce that the new Bitcoin Cash address format has been implemented on QuadrigaCX. This will help our users to easily distinguish Bitcoin and Bitcoin Cash addresses when funding/withdrawing their account. The BCH legacy addresses will still be supported." (164 points, 8 comments)
    2. "Friendly reminder: If you pay more than the bare minimum (1/sat per byte) to send a #BitcoinCash BCH transaction - you paid too much. 👍🏻"~James Howells (99 points, 12 comments)
    3. Bitpay Enables Bitcoin Cash (BCH) and Bitcoin Core (BTC) for Tax Payments - Bitcoin News (59 points, 31 comments)
    4. "I like the symbology of 1,000,000 ␢ = 1 ₿ for #BitcoinCash What the 'little b' units are called I don't care that much, it will settle in whether it remains 'bits', or 'cash', or 'credits' ... " (55 points, 54 comments)
    5. ~Public Service Announcement~ Please be extra careful using Bitcoin Cash on the Trezor! They have not yet implemented CashAddr Security. Make sure to covert your address with cashaddr.bitcoincash.org and double check with a block explorer to make sure the address is the same. (39 points, 12 comments)
    6. "WRT telling others what to do or not to do (as opposed to asking them) on the point of making proposals or petitioning others - I hope we can take the time to re-read and take to heart @Falkvinge 's excellent dispute resolution advice in . ." [email protected] (33 points, 0 comments)
    7. Why I support Bitcoin Cash (BCH). And why I support cash-denominated wallets. 1$ is inconsequential pocket change to some. To others it is their livelihood. Thank you @BitcoinUnlimit & @Bitcoin_ABC for your work in this regard. (7 points, 16 comments)
    8. If anyone feels that they are forced or imposed to do anything, or threatened by any other person or group’s initiative, he doesn’t understand Bitcoin Cash (BCH). The beauty of Bitcoin Cash is that innovation & creativity is permissionless. Let’s celebrate new ideas together! (5 points, 1 comment)
    9. "Bits as a unit right now (100sat), no matter named bits or cash or whatever, is extremely useless at this time and in the near future : Its worth 1/11 of a CENT right now. Even it suddenly 10x, its still only 1 single cent."~Reina Nakamoto (2 points, 7 comments)
    10. Love this converter! Thank you @rogerkver ! At present 778.17 ␢ = 1 USD (1,000,000 ␢ = 1 ₿) Tools.bitcoin.com (2 points, 0 comments)
  9. 443 points, 33 submissions: kairostech99
    1. Purse.io Adds Native BCH Support and Launches 'Bcash' (116 points, 40 comments)
    2. Openbazaar Enables Decentralized Peer-To-Peer Trading of 44 Cryptocurrencies (93 points, 21 comments)
    3. Thailand Waives 7% VAT for Individual Cryptocurrency Investors (84 points, 1 comment)
    4. Switzerland Formally Considers State Backed Cryptocurrency (26 points, 8 comments)
    5. Research Paper Finds Transaction Patterns Can Degrade Zcash Privacy (24 points, 2 comments)
    6. Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips (21 points, 0 comments)
    7. MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com (18 points, 5 comments)
    8. Bitmain Hits Back at “Dirty Tricks” Accusations (15 points, 4 comments)
    9. Circle Raises $110Mn With Plans to Launch USD-Backed Coin (6 points, 2 comments)
    10. Coinbase Remains the Most Successful and Important Company in the Crypto Industry (5 points, 7 comments)
  10. 420 points, 4 submissions: crypto_advocate
    1. Jihan on Roger: "I learnt a lot about being open and passionate about what you believe in from him[Roger]" (161 points, 45 comments)
    2. Bitcoin.com's first officially sponsored MMA fighter head to toe in Bitcoin Cash gear on her walkout - "She didn't win but won the hearts of a lot of new fans" (150 points, 14 comments)
    3. "Bitcoin Community is thriving again" Roger Ver at CoinGeek (98 points, 8 comments)
    4. Today is a historic day. [Twitter] (11 points, 1 comment)
  11. 376 points, 2 submissions: singularity87
    1. Bitcoin Cash Fund has partnered with Purse.io to launch their suite of BCH services and tools. (212 points, 15 comments)
    2. Proposal - Makes 'bits' (1 millionth BCH) the standard denomination and 'BIT' the ticker. (164 points, 328 comments)
  12. 349 points, 1 submission: bearjewpacabra
    1. UPGRADE COMPLETE (349 points, 378 comments)
  13. 342 points, 1 submission: Devar0
    1. Congrats! Bitcoin Cash is now capable of a 32MB block size, and new OP_CODES are reactivated! (342 points, 113 comments)
  14. 330 points, 3 submissions: btcnewsupdates
    1. Amaury Sechet in HK: "We want to be as boring as possible... If we do our job well, you won't even notice us." (173 points, 29 comments)
    2. This is the way forward: Miners Consider Using Bitcoin Cash Block Reward to Fund Development (136 points, 86 comments)
    3. Merchant adoption: unexpected success. Perhaps the community should now put more of its focus on canvassing end users. (21 points, 7 comments)
  15. 318 points, 3 submissions: HostFat
    1. From One to Two: Bitcoin Cash – Purse: Save 20%+ on Amazon [2018] (173 points, 25 comments)
    2. Open Bazzar v2.2.0 - P2P market and P2P exchange now! (92 points, 15 comments)
    3. Tree Signature Variations using Commutative Hash Trees - Andrew Stone (53 points, 5 comments)
  16. 287 points, 1 submission: Libertymark
    1. Congrats BCH developers, we appreciate your work here and continued innovation (287 points, 79 comments)
  17. 260 points, 9 submissions: unitedstatian
    1. The guy had 350 bucks received via Lightning Network but he can't even close the channels to actually withdraw the bitcoins. (135 points, 188 comments)
    2. The first megabytes are far more crucial than the 100th. Not every MB was born equal and by giving up on adoption for years Core may have given up on adoption forever. (69 points, 20 comments)
    3. Looks like fork.lol is misleading users on purpose into thinking the fees on BTC and BCH are the same (28 points, 32 comments)
    4. Just because the nChain patents aren't on the base protocol level doesn't mean it's a good idea, BCH could end up with patents which are so part of its normal use it will effectively be part of it. (13 points, 33 comments)
    5. [Not a meme] This is what the TxHighway BTC road should look like when the memepool is large. The unconfirmed tx's should be represented with cars waiting in the toll lines. (9 points, 2 comments)
    6. Lighthouse should have a small button to easily integrate it with any web page where a task is required (4 points, 1 comment)
    7. Poland Becomes World's First to put Banking Records on the Blockchain (2 points, 3 comments)
    8. If I were Core and wanted to spam BCH, and since spamming with multiple tx's will be counterproductive, I'd pay unnecessarily high fees instead (0 points, 32 comments)
    9. What happens when "the man" starts blocking nodes in China now that they function as mass media? (0 points, 1 comment)
  18. 259 points, 2 submissions: outofsync42
    1. Sportsbook.com now accepting BCH!! (215 points, 42 comments)
    2. BITCOIN CASH VS BITCOIN 2018 | Roger Ver on CNBC Fast Money (44 points, 15 comments)
  19. 255 points, 2 submissions: Bitcoinmathers
    1. Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features (255 points, 90 comments)
    2. Bitgo Launches Institutional Grade Custodial Services Suite (0 points, 0 comments)
  20. 223 points, 2 submissions: ForkiusMaximus
    1. Japanese tweeter makes a good point about BTC: "You don't call it an asset if it crumbles away every time you go to use it. You call it a consumable." (141 points, 21 comments)
    2. Jimmy Nguyen: Bitcoin Cash can function for higher level technical programming (82 points, 3 comments)
  21. 218 points, 3 submissions: mccormack555
    1. Trying to see both sides of the scaling debate (193 points, 438 comments)
    2. Has Craig Wright Committed Perjury? New Information in the Kleiman Case (25 points, 56 comments)
    3. Thoughts on this person as a representative of Bitcoin Cash? (0 points, 21 comments)
  22. 216 points, 4 submissions: jimbtc
    1. $50K worth of crypto to anyone who leaks the inner communications of the #CultOfCore (183 points, 29 comments)
    2. Liquidity Propaganda: "The formation of payment hubs happens naturally even in two-party payment channels like the Lightning Network.". LOL. Fuel the LN vs Liquidity fire :D (31 points, 7 comments)
    3. WBD 017 - Interview with Samson Mow (2 points, 19 comments)
    4. If you wanted further proof that Andreas Antonopolous is a BCore Coreonic Cuck then here's a new speech from May 6th (0 points, 8 comments)
  23. 212 points, 1 submission: porlybe
    1. 32 Lanes on TXHighway (212 points, 96 comments)
  24. 211 points, 3 submissions: Akari_bit
    1. "AKARI-PAY Advanced" Released, for Bitcoin Cash! (73 points, 6 comments)
    2. 129% funded! We flew by our first BCH fundraising goal, demonstrating AKARI-PAY! HUGE SUCCESS! (70 points, 7 comments)
    3. Devs.Cash updated with new Dev projects, tools, and bounties for Bitcoin Cash! (68 points, 7 comments)
  25. 210 points, 1 submission: CollinEnstad
    1. Purse.io Introduces 'bcash', an Implementation of the BCH protocol, just like ABC, BU, or Classic (210 points, 125 comments)
  26. 206 points, 20 submissions: marcelchuo3
    1. Bitcoin Cash Community Sees OP_Code Innovation After Upgrade (70 points, 3 comments)
    2. Coingeek Conference 2018: Bitcoin Cash Innovation Shines in Hong Kong (65 points, 4 comments)
    3. Bitfinex Starts Sharing Customer Tax Data with Authorities (16 points, 3 comments)
    4. Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns (12 points, 2 comments)
    5. Thailand Commences Cryptocurrency Regulations Today (8 points, 1 comment)
    6. Bitcoin Mining Manufacturer Canaan Files for Hong Kong Stock Exchange IPO (7 points, 0 comments)
    7. Bitcoin in Brief Thursday: OECD Explores Cryptocurrencies, Central Asian Powerhouse Calls for UN Crypto Rules (5 points, 0 comments)
    8. Moldova with New Crypto Exchange and a Token (5 points, 0 comments)
    9. Korean Regulators Widen Investigation of Cryptocurrency Exchanges (4 points, 0 comments)
    10. Arrest Warrants Issued to Employees of South Korean Crypto Exchange (3 points, 0 comments)
  27. 198 points, 1 submission: anberlinz
    1. I used to think BCH was the bad guy, now I'm beginning to change the way I see it... Convince me that BCH is the real Bitcoin (198 points, 294 comments)
  28. 196 points, 1 submission: Chris_Pacia
    1. First tree signature on Bitcoin Cash using new opcodes (196 points, 61 comments)
  29. 191 points, 3 submissions: cryptorebel
    1. Coinbase blog from 2015: "bits is the new default". The reason "bits" stopped being used was because of high fees on segwitcoin. Lets bring back "bits" on the real Bitcoin-BCH! (106 points, 66 comments)
    2. Here is the Bitcoin-BCH countdown clock to the hard fork upgrade with new 32MB block limit capacity, and re-enabled op-codes. Looks like its about 17 hours away. (78 points, 2 comments)
    3. This is Core's idea of open development, you are "super welcome" to work on anything that the gatekeepers say is ok. People tout Core as having so many devs but it doesn't matter much when you have to go through the gatekeepers. (7 points, 14 comments)
  30. 186 points, 2 submissions: coinfeller
    1. Bitcoin Cash France is offering 32 000 bits of BCH for Tipping Tuesday to celebrate the upgrade from 8MB to 32MB (178 points, 101 comments)
    2. How the Bitcoin Cash upgrade from 8MB to 32MB seems like :) (8 points, 10 comments)
  31. 185 points, 3 submissions: money78
    1. Congratulations Bitcoin Cash for the 32MB, WTG! (93 points, 5 comments)
    2. Roger Ver on CNBC's Fast Money again and he says bitcoin cash will double by the end of the year! (68 points, 30 comments)
    3. The Bitcoin Cash upgrade: over 8 million transactions per day, data monitoring, and other possibilities (24 points, 3 comments)
  32. 182 points, 26 submissions: haumeris28
    1. MMA Fighter Mei Yamaguchi Sponsored By Bitcoin Cash Proponent Roger Ver (32 points, 3 comments)
    2. Swiss Government is Studying the Risks and Benefits of State-Backed Cryptocurrency (30 points, 3 comments)
    3. Circle and Bitmain partner for US Dollar backed Token (25 points, 18 comments)
    4. Apple Co-Founder - Ethereum Has the Potential to be the Next Apple (16 points, 13 comments)
    5. Florida County To Begin Accepting Tax Payments in Crypto (14 points, 0 comments)
    6. ‘Blockchain Will Drive the Next Industrial Revolution’, According to a Major Wall Street Firm (11 points, 0 comments)
    7. Bitcoin Cash Undergoes a Hard Fork, Increases Block Size (10 points, 3 comments)
    8. Newly Appointed Goldman Sachs Vice President Leaves for Cryptocurrency (7 points, 5 comments)
    9. OKEx CEO Quits as Exchange Becomes World’s Largest Surpassing Binance (7 points, 2 comments)
    10. Texas Regulators Shut Down Crypto Scam, Falsely Using Jennifer Aniston and Prince Charles for Promotion (6 points, 0 comments)
  33. 174 points, 31 submissions: MarkoVidrih
    1. US Regulators Agree That They Will Not Will Not Suppress Cryptocurrencies (96 points, 10 comments)
    2. Why Stable Coins Are the New Central Bank Money (28 points, 9 comments)
    3. First Facebook, Then Google, Twitter and LinkedIn, Now Microsoft’s Bing Will Ban All Cryptocurrency Ads (10 points, 2 comments)
    4. Circle Raises $110 Mln and Plans to Use Circle USD Coin (USDC) instead of Tether (USDT) (9 points, 1 comment)
    5. 9 Million New Users Are About to Enter in Crypto Market (4 points, 6 comments)
    6. Japan’s Largest Commercial Bank Will Try its Own Cryptocurrency in 2019 (4 points, 0 comments)
    7. The Viability of the ERC-948 Protocol Proposal (4 points, 0 comments)
    8. A letter from Legendary VC Fred Wilson to Buffet: The Value of Bitcoin Lies in the Agreement Itself (3 points, 1 comment)
    9. This is Just The Beginning of Crypto! (3 points, 0 comments)
    10. What? U.S. SEC Just Launches ICO Called HoweyCoin (3 points, 2 comments)
  34. 170 points, 2 submissions: plaguewiind
    1. Twitter restricting accounts that mention Blockstream (104 points, 49 comments)
    2. This is actually fantastic! Jimmy Nguyen on ‘The Future of Bitcoin (Cash)’ at The University of Exeter (66 points, 31 comments)
  35. 168 points, 1 submission: MartinGandhiKennedy
    1. [COMPELLING EVIDENCE] Proof that Luke Jr does not lie (168 points, 41 comments)
  36. 167 points, 1 submission: higher-plane
    1. BCH showerthought: The first one or two killer apps for Bitcoin Cash that drive mass adoption will be the thing that decides the standards/denominations based on what people are using and catches on. Not a small forum poll or incessantly loud Twitter spam. (167 points, 24 comments)
  37. 160 points, 1 submission: SharkLaserrrrr
    1. [PREVIEW] Looks like Lighthouse powered by Bitcoin Cash is coming together nicely thanks to the hard work of an anonymous developer. I wonder how Mike Hearn feels about his project being resurrected. (160 points, 24 comments)
  38. 160 points, 1 submission: playfulexistence
    1. Lightning Network user has trouble with step 18 (160 points, 165 comments)

Top Commenters

  1. bambarasta (898 points, 154 comments)
  2. Kain_niaK (706 points, 177 comments)
  3. Ant-n (691 points, 145 comments)
  4. H0dl (610 points, 116 comments)
  5. Adrian-X (538 points, 93 comments)
  6. KoKansei (536 points, 35 comments)
  7. LovelyDay (456 points, 78 comments)
  8. 324JL (444 points, 109 comments)
  9. LexGrom (428 points, 132 comments)
  10. Erumara (427 points, 44 comments)
  11. lubokkanev (404 points, 119 comments)
  12. LuxuriousThrowAway (397 points, 66 comments)
  13. rdar1999 (387 points, 82 comments)
  14. zcc0nonA (379 points, 100 comments)
  15. MemoryDealers (369 points, 18 comments)
  16. RollieMe (366 points, 29 comments)
  17. Churn (352 points, 32 comments)
  18. jimbtc (349 points, 72 comments)
  19. btcnewsupdates (338 points, 61 comments)
  20. blockthestream (338 points, 25 comments)
  21. SharkLaserrrrr (335 points, 33 comments)
  22. kondratiex (311 points, 80 comments)
  23. trolldetectr (306 points, 58 comments)
  24. ForkiusMaximus (300 points, 47 comments)
  25. jonald_fyookball (300 points, 35 comments)
  26. mccormack555 (294 points, 78 comments)
  27. playfulexistence (292 points, 40 comments)
  28. scotty321 (287 points, 46 comments)
  29. BitcoinXio (269 points, 23 comments)
  30. TiagoTiagoT (263 points, 96 comments)
  31. Bitcoinopoly (260 points, 39 comments)
  32. homopit (249 points, 48 comments)
  33. DoomedKid (249 points, 41 comments)
  34. cryptorebel (246 points, 54 comments)
  35. Deadbeat1000 (243 points, 36 comments)
  36. mrtest001 (239 points, 78 comments)
  37. BeijingBitcoins (235 points, 16 comments)
  38. tippr (227 points, 122 comments)
  39. chainxor (226 points, 24 comments)
  40. emergent_reasons (222 points, 56 comments)
  41. morli (221 points, 1 comment)
  42. patrick99e99 (220 points, 8 comments)
  43. crasheger (214 points, 39 comments)
  44. ---Ed--- (213 points, 81 comments)
  45. radmege (212 points, 35 comments)
  46. anberlinz (212 points, 33 comments)
  47. unstoppable-cash (211 points, 46 comments)
  48. taipalag (210 points, 35 comments)
  49. rowdy_beaver (210 points, 25 comments)
  50. RareJahans (206 points, 45 comments)

Top Submissions

  1. Can’t believe this was available. My new license plate.. by VanquishAudio (582 points, 113 comments)
  2. Breaking News: Winklevoss Brothers Bitcoin Exchange Adds Bitcoin Cash support! by tralxz (510 points, 115 comments)
  3. Purse.io is paying its employees in Bitcoin Cash. by hunk_quark (441 points, 63 comments)
  4. Frances Coppola on Twitter: “Congratulations, Blockstream, you have just reinvented the interbank lending market.” by BitcoinXio (414 points, 139 comments)
  5. Forbes Author Frances Coppola takes blockstream to task. by hunk_quark (359 points, 35 comments)
  6. UPGRADE COMPLETE by bearjewpacabra (349 points, 378 comments)
  7. I am getting flashbacks from when I tried to close my Bank of America account ... by Kain_niaK (348 points, 155 comments)
  8. Congrats! Bitcoin Cash is now capable of a 32MB block size, and new OP_CODES are reactivated! by Devar0 (342 points, 113 comments)
  9. Purse CEO Andrew Lee confirms they are paying employees in BCH and native BCH integration update will be coming soon! by hunk_quark (334 points, 43 comments)
  10. Congrats BCH developers, we appreciate your work here and continued innovation by Libertymark (287 points, 79 comments)

Top Comments

  1. 221 points: morli's comment in Can’t believe this was available. My new license plate..
  2. 181 points: patrick99e99's comment in I used to think BCH was the bad guy, now I'm beginning to change the way I see it... Convince me that BCH is the real Bitcoin
  3. 173 points: RollieMe's comment in Trying to see both sides of the scaling debate
  4. 151 points: blockthestream's comment in Bitcoin Core supporter who scammed his way into consensus without a ticket is busy calling Bitcoin.com and others scammers at the event.
  5. 136 points: seleneum's comment in I am getting flashbacks from when I tried to close my Bank of America account ...
  6. 132 points: Falkvinge's comment in Talking to himself makes it so obvious that they're the same. lol
  7. 127 points: MemoryDealers's comment in Bitcoin Core supporter who scammed his way into consensus without a ticket is busy calling Bitcoin.com and others scammers at the event.
  8. 119 points: BitcoinXio's comment in Frances Coppola on Twitter: “Congratulations, Blockstream, you have just reinvented the interbank lending market.”
  9. 116 points: Erumara's comment in I used to think BCH was the bad guy, now I'm beginning to change the way I see it... Convince me that BCH is the real Bitcoin
  10. 115 points: KoKansei's comment in Purse.io Introduces 'bcash', an Implementation of the BCH protocol, just like ABC, BU, or Classic
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

How a miner manufacturer from Poland became a terrorist organization in Venezuela

This is cool story about former 100TH mining operation who moved his miners to Venezuela for obvious reasons of low energy costs. The mining farm was recently closed and miners had BioInfoBank logos on them so Nicolas Maduro's govt. extrapolated their involvement into a terrorist organization.
Now there's a shitstorm in Poland because BioInfoBank is a part of Polish Blockchain Accelerator .. or isn't already. Common people now believe this polish research institute is some kind of criminal organization.
Polish community will have a hard time explaining the case to everyone, but obviously it will be used as an argument against polish bitcoin companies already existing here adding to recent hostile approach from banks closing bank accounts of polish exchanges.
EDIT: source http://thebitcoinexaminer.com/venezuelan-police-bust-bitcoin-mining-farm-for-stealing-electricity-razor-forex-blog/
submitted by love_eggs_and_bacon to Bitcoin [link] [comments]

Consensus-enforced transaction replacement via sequence numbers | Mark Friedenbach | May 27 2015

Mark Friedenbach on May 27 2015:
Sequence numbers appear to have been originally intended as a mechanism for
transaction replacement within the context of multi-party transaction
construction, e.g. a micropayment channel. The idea is that a participant
can sign successive versions of a transaction, each time incrementing the
sequence field by some amount. Relay nodes perform transaction replacement
according to some policy rule making use of the sequence numbers, e.g.
requiring sequence numbers in a replacement to be monotonically increasing.
As it happens, this cannot be made safe in the bitcoin protocol as deployed
today, as there is no enforcement of the rule that miners include the most
recent transaction in their blocks. As such, any protocol relying on a
transaction replacement policy can be defeated by miners choosing not to
follow that policy, which they may even be incentivised to do so (if older
transactions provide higher fee per byte, for example). Transaction
replacement is presently disabled in Bitcoin Core.
These shortcomings can be fixed in an elegant way by giving sequence
numbers new consensus-enforced semantics as a relative lock-time: if a
sequence number is non-final (MAX_INT), its bitwise inverse is interpreted
as either a relative height or time delta which is added to the height or
median time of the block containing the output being spent to form a
per-input lock-time. The lock-time of each input constructed in this manor,
plus the nLockTime of the transaction itself if any input is non-final must
be satisfied for a transaction to be valid.
For example, a transaction with an txin.nSequence set to 0xffffff9b [==
~(uint32_t)100] is prevented by consensus rule from being selected for
inclusion in a block until the 100th block following the one including the
parent transaction referenced by that input.
In this way one may construct, for example, a bidirectional micropayment
channel where each change of direction increments sequence numbers to make
the transaction become valid prior to any of the previously exchanged
transactions.
This also enables the discussed relative-form of CHECKLOCKTIMEVERIFY to be
implemented in the same way: by checking transaction data only and not
requiring contextual information like the block height or timestamp.
An example implementation of this concept, as a policy change to the
mempool processing of Bitcoin Core is available on github:
https://github.com/maaku/bitcoin/tree/sequencenumbers
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submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

Want to invest in bitcoin but willing to accept more risk for more return? Maybe investing would be right for you!

As we all know, companies such as AsicMiner are currently kicking butt with their asics by releasing the eruptor blades and Erupter USB sticks for mining. This combined with their 28% or so of total hashing power for the entire bitcoin network is resulting in fantastic growth over the past few months, and their dividends are doing quite well.
If you are interested in shares of AsicMiner , check out either Direct Shares or Pass Through shares, which is just one share of AsicMiner. You can find them in auctions on bitcointalk as well as sites such as BTCT.TO
You can also get smaller shares known as micro shares. There are often times 1/100th of a full share so people can easier purchase them and provide an easier method for reinvesting dividends.
There are other shares too, such as AMC which just recieved a few Avalons they purchased a while ago. Keep in mind that the owners relations with others on the forum is quite poor and very unprofessional, so I would still consider it rather risky.
There are also companies which are not based on bitcoin but experimenting with it as a source of capital, such as KenilWorth on bitfunder, who are a mining company which finds raw material deposits and then sells them to another company (I think). The people with that company are VERY responsive on bitcointalk and seem to be very professional.
You can even if you wish bet on funds which are reliant upon BFL's shipping, such as HaveLock's Investments Mining Fund. The owner of that fund is also rather response on bitcointalk and is a very down to earth person from what I have seen. For example, they just purchased a single Jupiter rig from KnCMiner in an effort to diversify so if BFL fails they will not be destroyed.
They are also other funds out there which are designed to represent an amount of Mhash/s per each share, for example RedStarMining which aims to have 180 Ghash/s eventually, with each share containing 2.818 Mhash/s.
Also, a very cool thing about these funds is that they are very present on bitcointalk in the securities section, so you can see up to date discussion about each fund. For example, for red star mining, here is their thread: https://bitcointalk.org/index.php?topic=63257.0
You can even get a fund in an exchange, such as Crypto-Trade! Though, they seem to be having some major issues with their site for a while now, which is unfortuntate.
And you can get shares in the gambling site satoshidice!
There are tons of such securities available for lots of different styles people could choose, and because of bitcoin buying these shares is a very painless process. But do keep in mind that this is riskier than just holding bitcoin, and there are a good bit of scams prevalent in such securities, but if you keep an eye out and read their associated threads on bitcointalk you will be for the most part safe. Also, investing in companies like AsicMiner increases the network hash rate, making it even harder for a single entity to barge in and get more than 50% of the network hash rate, resulting in an even more secure network! These sometimes even hare shares which cost less than five dollars, so to get started you don't need much BTC at all.
And here is the link to bitcointalk for anyone who wants to do more research and look at any other funds which might be of interest. Don't forget that there are some funds which are not exchanged on these sites, for example group buys where each buyer holds a certain percentage of proceeds from a very expensive miner they pool together to buy. As earlier though, be careful.
There is also a really good subreddit for discussing these securities as well as others on /BitcoinStocks !
Edit: Added in bitcointalk threads for each security I listed.
Edit: It seems that there are nearly half as many downvotes as there are upvotes. Can anyone clarify?
submitted by hak8or to Bitcoin [link] [comments]

Factoid Dynamics: I Love Negative Feedback Loops

No, not that kind. It hurts when you tell me I'm bad repeatedly. I don't like adverse feedback loops either, the kind which drive things from bad to worse, as described by Xabo's board member Larry Summers here. I am referring to the engineering control theory where a system is self correcting.
Negative feedback loops sound like a bad thing, but they are actually good. Their opposites are positive feedback loops, which make unstable systems. Stable systems need negative feedback loops. Positive and negative aren't normative statements, but describe how a system responds to changes.
Positive feedback is when a system variable X changes, the system responds to be more sensitive to X. Since X is now more important, the system does even more X. Positive feedback loop system will either implode or grow beyond bounds and break. A good example of positive feedback is when a sound system starts screeching during an old school stage performance. It gets louder and louder, feeding on itself until it can't get any louder.
Positive and negative feedback can be found in financial systems too. Stop loss orders and forced liquidation induce the sale of assets when the price drops, causing the price to drop further. In the US, Trading Curbs are implemented to prevent the market from imploding.
Negative feedback loops are seen in systems that are self correcting. When a system input changes to do more of Y, the system responds by being less sensitive to Y. Eventually the system will settle at a new equilibrium based on the new input. A good example of negative feedback is the overall price system acting through supply and demand. When something is more scarce, it becomes more expensive, and demand drops.
Nuclear reactors are judged on their safety based on their temperature coefficient, which describes how their feedback loops work. Reactors with negative temperature coefficients self correct to cool themselves down automatically if they start to overheat. If a reactor gets into a state with positive feedback, bad things happen. Negative feedback is important to say the least.
Bitcoin uses negative feedback too. It uses feedback to keep block creation at a 10 minute average. When more miners join the network, the difficulty level responds to make finding a block less likely. If blocks on average take more than 10 minutes, the difficulty drops. This is why even though there is thousands and thousands times more hashpower than in 2010, block times still average 10 minutes.
Factom also has a negative feedback loop. The Factoids have a supply and a demand. The Factoid supply rate is fixed, but the demand is variable. If you remember, the Factoids are created at a fixed rate and granted to the Federated and Audit servers. The Factoids are created at a rate independent of any prices.
The Factoids are demanded and removed from circulation when users buy Entry Credits (EC) to use Factom. The Factoid/EC exchange rate is set by the market and matched internally by the Federated servers. The goal is to have a stable price for ECs. This will allow Factom users to ignore the Factoid price, just like like how Gmail users can ignore the Google share price.
Factom has a source and a sink for Factoids. Both the sink quantity and the price of Factoids are variable. The price of Factoids is at the whims of the market, but here is where the negative feedback loop comes in. The conjecture is that Factoid price will reach an equilibrium directly proportional to Entry Credit usage.
Let's conduct some thought experiments. First assume that the EC usage is constant, because the cost to submit Entries and usefulness of the system is independent of the Factoid price. Let’s postulate that the market drives the Factoid price to a low level. The Federated servers will match this internally and raise the Factoid/EC exchange rate. If the price drops to 1/10th of the earlier price, then 10x more Factoids will be needed for the same number of ECs. This means that now 10x more Factoids are being removed from the market. This will lower supply, which will tend to push the Factoid price up.
Alternatively, assume that the market pushes the Factoid price very high. If the Factoid price goes up 100x, the Factoid/EC exchange rate will be 1/100th what it was before. The increase in supply will also go up 100x relative to the demand. This increased supply would tend to drive the Factoid price down.
These negative feedback loops should stabilize the Factoid price, driving it towards a value directly proportional to how much Factom is used.
submitted by BrianDeery to factom [link] [comments]

An idea to promote mining decentralization

When Bitcoin was first created, every full node was a miner. And every full node was using the CPU to find blocks. And most were successful at this because the difficulty was extremely low (compared to today). But as more and more people started using Bitcoin (and mining with their CPUs and GPUs), it became increasingly difficult and rare to find a block as a solo miner.
Mining pools changed all that. Rather than finding an entire block on rare occasions, mining pools allow the miner to combine his hash power with the hash power of others to find blocks, and get a percentage of the reward. The mining pools which charged the lowest fees and had the largest combined hash powers were the most popular and users/miners would flock to these pools in droves. This resulted in unprecedented centralization of Bitcoin mining into a handful of mining pools that we see today. This was not something that Satoshi expected, and it has been one of the leading causes for people to stop running full nodes. A full node cannot hope to compete with mining pools with petahashes of combined ASIC hashpower.
But there is one mining pool system that actually protects the decentralized nature of Bitcoin: P2Pool. This method for mining requires each miner to run their own full node, but rewards participating miners as if they were participating in a regular pool. This is a "Good Thing (TM)". But setting up P2Pool is complicated, and doesn't really offer any benefit over running a competing mining software and connecting to some larger pool.
What if we could make it easier to participate in P2Pool? I would propose that Bitcoin Core/XT/NameYourForkHere each update their built-in solo-mining code, to make every full node a functional member of P2Pool BY DEFAULT. Allow full node operators the ability to earn a tiny amount of Bitcoin just for operating a full node. Even a CPU miner can mine some tiny amount of BTC as a member of P2Pool, especially if P2Pool is the overwhelmingly dominate pool. And if Core/XT/NameYourFork also added support for GPU/FPGA/ASIC devices right into the client, so that your copy of Bitcoin-QT is just as capable of connecting to some USB connected 100TH ASIC rig as specialized mining software and has the potential to earn bitcoin in small amounts over time, folks might take that simplest and most decentralized approach, and just mine the old-fashioned way... With a full node.
submitted by ergofobe to bitcoin_uncensored [link] [comments]

An idea to promote mining decentralization

When Bitcoin was first created, every full node was a miner. And every full node was using the CPU to find blocks. And most were successful at this because the difficulty was extremely low (compared to today). But as more and more people started using Bitcoin (and mining with their CPUs and GPUs), it became increasingly difficult and rare to find a block as a solo miner.
Mining pools changed all that. Rather than finding an entire block on rare occasions, mining pools allow the miner to combine his hash power with the hash power of others to find blocks, and get a percentage of the reward. The mining pools which charged the lowest fees and had the largest combined hash powers were the most popular and users/miners would flock to these pools in droves. This resulted in unprecedented centralization of Bitcoin mining into a handful of mining pools that we see today. This was not something that Satoshi expected, and it has been one of the leading causes for people to stop running full nodes. A full node cannot hope to compete with mining pools with petahashes of combined ASIC hashpower.
But there is one mining pool system that actually protects the decentralized nature of Bitcoin: P2Pool. This method for mining requires each miner to run their own full node, but rewards participating miners as if they were participating in a regular pool. This is a "Good Thing (TM)". But setting up P2Pool is complicated, and doesn't really offer any benefit over running a competing mining software and connecting to some larger pool.
What if we could make it easier to participate in P2Pool? I would propose that Bitcoin Core/XT/NameYourForkHere each update their built-in solo-mining code, to make every full node a functional member of P2Pool BY DEFAULT. Allow full node operators the ability to earn a tiny amount of Bitcoin just for operating a full node. Even a CPU miner can mine some tiny amount of BTC as a member of P2Pool, especially if P2Pool is the overwhelmingly dominate pool. And if Core/XT/NameYourFork also added support for GPU/FPGA/ASIC devices right into the client, so that your copy of Bitcoin-QT is just as capable of connecting to some USB connected 100TH ASIC rig as specialized mining software and has the potential to earn bitcoin in small amounts over time, folks might take that simplest and most decentralized approach, and just mine the old-fashioned way... With a full node.
submitted by ergofobe to bitcoinxt [link] [comments]

[WTS] Below cost KnC Jupiter shares with bonuses, miners enroute and hashing next week! $78/share = 4-6GH/s + Lots of Bonuses!

EDIT: Semi-automated Escrow w/ insurance available at BTCrow at 2% extra.
These shares are for below cost KnC Jupiter shares that should be hashing next week at our professional co-location site in Missouri run by a vetted Bitcoin Talk Group Buy forum member bobsag3 who is currently scheduled to host about 14TH/s+ for customers, including 4TH/s+ from the DZ Miners Cooperative. 1 share = 1/100th of the Jupiter's hashrate.
Extras include, from GB user -Redacted-:
"I’ll eat the first months hosting costs on them. I’ll eat the PSU cost on them I’ll eat the shipping cost on them (You can owe me some future consideration…)”
I, DZ, founded and lead an at-cost Democratic Miners Cooperative of about 45-50 members so far. We all own it and run it, however. We have anywhere from 1-3 GB Coordinators run GB Rounds, and there's a total of 5 GB Coordinators so far in our ASIC Miners Cooperative. As an at-cost (and occasionally below-cost) democratic Cooperatative, we represent 4 continents and 2 island chains so far and use our leverage and combined purchasing power to get you the best deals around for ASIC pre-orders + vetted hosting, bar none.

Please feel free to stop by our subreddit: http://www.reddit.com/dzminercoop/
or please learn more about our unique collaborative ASIC Miners Cooperative at: www.dzminercoop.com
with our site graciously built by GB Coordinator thomas__s
submitted by DyslexicZombei to BitMarket [link] [comments]

An idea to promote mining decentralization

When Bitcoin was first created, every full node was a miner. And every full node was using the CPU to find blocks. And most were successful at this because the difficulty was extremely low (compared to today). But as more and more people started using Bitcoin (and mining with their CPUs and GPUs), it became increasingly difficult and rare to find a block as a solo miner.
Mining pools changed all that. Rather than finding an entire block on rare occasions, mining pools allow the miner to combine his hash power with the hash power of others to find blocks, and get a percentage of the reward. The mining pools which charged the lowest fees and had the largest combined hash powers were the most popular and users/miners would flock to these pools in droves. This resulted in unprecedented centralization of Bitcoin mining into a handful of mining pools that we see today. This was not something that Satoshi expected, and it has been one of the leading causes for people to stop running full nodes. A full node cannot hope to compete with mining pools with petahashes of combined ASIC hashpower.
But there is one mining pool system that actually protects the decentralized nature of Bitcoin: P2Pool. This method for mining requires each miner to run their own full node, but rewards participating miners as if they were participating in a regular pool. This is a "Good Thing (TM)". But setting up P2Pool is complicated, and doesn't really offer any benefit over running a competing mining software and connecting to some larger pool.
What if we could make it easier to participate in P2Pool? I would propose that Bitcoin Core/XT/NameYourForkHere each update their built-in solo-mining code, to make every full node a functional member of P2Pool BY DEFAULT. Allow full node operators the ability to earn a tiny amount of Bitcoin just for operating a full node. Even a CPU miner can mine some tiny amount of BTC as a member of P2Pool, especially if P2Pool is the overwhelmingly dominate pool. And if Core/XT/NameYourFork also added support for GPU/FPGA/ASIC devices right into the client, so that your copy of Bitcoin-QT is just as capable of connecting to some USB connected 100TH ASIC rig as specialized mining software and has the potential to earn bitcoin in small amounts over time, folks might take that simplest and most decentralized approach, and just mine the old-fashioned way... With a full node.
submitted by ergofobe to Bitcoin [link] [comments]

Question about Bitcoin mining/Butterfly Labs:

Hi guys, I've been interested in Bitcoin mining for a while and, lately, I've seriously considered purchasing an ASIC Miner from Butterfly Labs. However, they've got another product on their site that allows me to purchase 1GH/s for $10 (up to 100TH/s if I'm a billionaire, which I am... of course) and partake in a shared mining operation. Is this the exact same thing as purchasing my own ASIC Miner and joining a pool?
Thanks for the help, in advance. :)
EDIT: I'm aware that a pool can have much fewer participants than a full-scale contracted server farm. I guess the question I'm really asking is would it be better if I got my own rig and joined a pool of 20-30 people, or do I sign up for this and run the risk of not getting anything back?
submitted by annandvirk to Bitcoin [link] [comments]

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