How to CPU Mine X11 Algorithm Coins - CPU COIN LIST

Hirocoin (HIRO) New home of GPU miners, X11 hashing algorithm

Soon Scrypt coins will only be mined by those in invest heavily. Hirocoin uses the X11 hashing solution by Evan Duffield. Creating an ASIC for X11 is going to be very complex making Hirocoin an ideal home for GPU miners.
[link]

Monero: the secure, private, untraceable currency

This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
[link]

The Hempcoin: Plant the Seed of Change

Plant the Seed of Change
[link]

Waltonchain adds GNU General Public License details to code - BUT does the code contain this?

Waltonchain adds GNU General Public License details to code - BUT does the code contain this?
Dear Crypto community,
Yesterday we saw Waltonchain release their Open Source code which resulted in huge criticism regarding the oversight of removing the original copyright to the original codebase, Ethereum Go, on which it is based.
Following this, the team have now updated the code to show the original copyright:
Image from Github
Source: https://github.com/WaltonChain/WaltonChain_Gwtc_Src/blob/mastep2p/rlpx.go?utm_source=share&utm_medium=ios_app
Github: https://github.com/WaltonChain?tab=repositories

I'd like to say thank you to the community for having such strong opinion on this matter, and for all the subreddit admins that assisted in creating clarity toward this. As a global community we should hold every blockchain up to the same standards, and I am grateful that this was shown in regard to the GNU General Public License.

Now that the issue is resolved, and since Waltonchain is currently a hot topic, I implore all the coders and devs out there to delve deep into the code to see exactly what Waltonchain have released. Not just the modification to the eth codebase, but the additional code. What does the code allow?

What we've been told as a community is that the Waltonchain source code has changes that allows for:
  • Security - DASH X11 - Most cryptographic algorithms used in cryptocurrencies use only one hash function for calculation. There are 11 of them in X11, which provides a higher degree of protection against hackers and scams. Waltonchain has customised the DASH X11 hashing algorithm to fit their purpose.
  • More secure than Bitcoin. The Bitcoin algorithm is SHA-256 is based on a previous secure hash algorithm family of standards, namely SHA-2, the hash functions within the X11 algorithm all successfully made it into the second-round in search for a new, more secure standard — SHA-3. Keccak, the function which won the competition and is therefore the new standard on which SHA-3 is based on, can at the very least be considered more secure that SHA-256.
  • Efficiency — Waltonchain have produced ASICs with the equivalent hashing power of 200GPUs (32–40kW) whilst using only 135W, thus helping the parent chain become decentralised
  • PoS aspect works in tandem with PoW, in that it adds a reduced difficulty based on number of coins held and time between blocks. Effectively the longer coins are held and the longer the time between blocks, the lower the difficulty for mining blocks. This again enhances the power efficiency of the network in its entirety.
  • Fast cross-chain searching via Proof of Labour —PoL enables hash values or indices from sub-chains (child chains) to be synced with the parent chain in a ‘cross chain index mechanism’ to enable fast searches for data via the parent chain.
  • Scalibility — Unlimited scalibility due to child chains; each CC is an independent blockchain (or DAG) using its own consensus mechanism (PoS, PoA, PoW, PoeT, etc) and can store data within itself. The parent chain by nature therefore cannot become bloated.
  • Atomic Swaps — PoL by nature ensures a record of every inter-chain transaction is held, and allows the function of atomic swaps between currencies.

Also to note is that the code has been audited by Knownsec, the same company that audited projects like HPB and NANO.

Lets have an open dialogue and talk about these features of the code - but firstly, do they exist? Hopefully people will approach this with the same enthusiasm as they did yesterday.

EDIT 1st June: A user on the Waltonchain sub has done an analysis which by the looks of it, disproves the initial assessment by many of the 'blockchain experts' in cc that have said the open source code is simply a copy and paste . https://www.reddit.com/waltonchain/comments/bveqea/changeset_goethereum_v171_to_gwtc_v110/
It is interesting to see just how much people love to hate Waltonchain that they spread misinformation either intentionally, or unintentionally, and that it gets the most attention out of any announcement.

For reference:
Block explorer: www.Waltonchain.pro (all wallets, mining wallet, documentation etc is available via that link)
submitted by Yayowam to CryptoCurrency [link] [comments]

CODE FUD: Resolved.

Dear Waltonchain community,
Yesterday we saw Waltonchain release their Open Source code which resulted in huge criticism regarding the oversight of removing the original copyright to the original codebase, Ethereum Go, on which it is based.
Following this, the team have now updated the code to show the original copyright:
Source: https://github.com/WaltonChain/WaltonChain_Gwtc_Src/blob/mastep2p/rlpx.go?utm_source=share&utm_medium=ios_app
Github: https://github.com/WaltonChain?tab=repositories

I'd like to say thank you to the community for having such strong opinion on this matter, and for all the subreddit admins that assisted in creating clarity toward this. As a global community we should hold every blockchain up to the same standards, and I am grateful that this was shown in regard to the GNU General Public License.

Now that the issue is resolved, and since Waltonchain is currently a hot topic, I implore all the coders and devs out there to delve deep into the code to see exactly what Waltonchain have released. Not just the modification to the eth codebase, but the additional code. What does the code allow?

What we've been told as a community is that the Waltonchain source code has changes that allows for:

Also to note is that the code has been audited by Knownsec, the same company that audited projects like HPB and NANO.

Lets have an open dialogue and talk about these features of the code - but firstly, do they exist? Hopefully people will approach this with the same enthusiasm as they did yesterday.

For reference:
Block explorer: www.Waltonchain.pro (all wallets, mining wallet, documentation etc is available via that link)
submitted by Yayowam to waltonchain [link] [comments]

Hi Everybody, Background and advice needed.

Hi everyone, im new to dogecoin etc, well mining and buying etc. i have used Btc for years. I have tried everyway to try and mine today and failed everytime, ive followed guides etc and mucked up. my only way at the mo is using doge drip on android which is just a joke. Im tempted to buy, but i really want to start mining , mostly for fun. i have an old 4gb windows 7 pc (i use mac)
shall i delete everythign any start again? though wont my ip be logged?
any advice or help needed. thanks and welcome all
tidy
submitted by TidyboyTHFC to dogecoin [link] [comments]

Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes

[The original post was censored in the the paidshill Dash pumping sub Dashpay, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed.] ​
Disappointments
In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status.
In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added.
In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks.
In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations.
In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'.
In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken.

Boondoggles
In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains.
In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results.
In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status.
In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it.

Scandals
In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers.
In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune.
In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc.
In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation.
In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype.
In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications.

Disasters
In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats.
In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all.
In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release).

Catastrophes
In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs).
In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend).
In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened).
In 2018, Evolution was not here by NYE (not even an alpha version of a testnet).
In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable.

Analysis
Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16.
Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price.
Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal.
Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet.
Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met.
That deadline was midnight Dec 31, 2018.
Now it's the first morning of 2019 and Evolution is nowhere to be seen.
Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate."
Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates.
Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12.
No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table.

Dash in 2018 through the eyes of Reddit's most popular crypto sub
January 2018
Congratulations: Dash out of top 10
https://np.reddit.com/CryptoCurrency/comments/7oq515/congratulations_dash_out_of_top_10/
One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful.
Evidence for all your downvoters:
https://www.youtube.com/watch?v=xBxbiH_Mg44
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae
https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside
Today is a good day.
Best comment: "replaced by Tron... oh the irony".

December 2018
KFC Venezuela denies accepting dash as a form of payment
https://np.reddit.com/CryptoCurrency/comments/a56a4e/kfc_venezuela_denies_accepting_dash_as_a_form_of/
** Hi guys, check this news
https://translate.google.com/translate?hl=es&sl=es&tl=en&u=https%3A%2F%2Fwww.criptonoticias.com%2Fsucesos%2Fkfc-venezuela-desmiente-acepte-dash-como-forma-pago%2F
https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/discussions-in-place-for-dash-to-be-accepted-at-kfc-venezuela/#18baf92c5d38
https://twitter.com/dashmerchant/status/1072327769068052481
Top comment: "Yeah, more bullshit from Dash."

**December 24
Dash doesn't actually look like it is being utilised by Venezuelans. Have a look.
https://np.reddit.com/CryptoCurrency/comments/a96i3y/dash_doesnt_actually_look_like_it_is_being/
https://youtu.be/4tKvqj3U3O0
Most controversial comment: "I dont see how people dont get it. If you cant pay for food, you would invest what little you have into something as risky as crypto ? It is easy to judge from our POV but In reality, most would rather feed their familiy then look for ways to invest in some startup."

Conclusion
The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis.
Note: The repost is shared here. The original has been censored from Dashpay. https://np.reddit.com/DashUncensored/comments/abvewf/dash_in_2018_disappointments_boondoggles_scandals/
[Dash is such a terrible scam that it needs its own uncensored sub to discuss happenings without incurring the wrath of the MNO and the Dash ponzi leadership/Evan/Amanda. I honestly believe crypto must weed out these ponzi like operations before we can move forward as a collective group]

submitted by tellmesay to CryptoCurrency [link] [comments]

Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes

[This post was censored in the the paidshill Dash pumping sub, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed, and then re-posted here.]


Disappointments
In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status.
In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added.
In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks.
In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations.
In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'.
In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken.

Boondoggles
In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains.
In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results.
In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status.
In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it.

Scandals
In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers.
In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune.
In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc.
In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation.
In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype.
In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications.

Disasters
In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats.
In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all.
In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release).

Catastrophes
In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs).
In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend).
In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened).
In 2018, Evolution was not here by NYE (not even an alpha version of a testnet).
In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable.

Analysis
Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16.
Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price.
Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal.
Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet.
Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met.
That deadline was midnight Dec 31, 2018.
Now it's the first morning of 2019 and Evolution is nowhere to be seen.
Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate."
Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates.
Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12.
No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table.

Dash in 2018 through the eyes of Reddit's most popular crypto sub

January 2018
Congratulations: Dash out of top 10
https://www.reddit.com/CryptoCurrency/comments/7oq515/congratulations_dash_out_of_top_10/
One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful.
Evidence for all your downvoters:
https://www.youtube.com/watch?v=xBxbiH_Mg44
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae
https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside
Today is a good day.
Best comment: "replaced by Tron... oh the irony".

December 2018
KFC Venezuela denies accepting dash as a form of payment
https://www.reddit.com/CryptoCurrency/comments/a56a4e/kfc_venezuela_denies_accepting_dash_as_a_form_of/
Hi guys, check this news
https://translate.google.com/translate?hl=es&sl=es&tl=en&u=https%3A%2F%2Fwww.criptonoticias.com%2Fsucesos%2Fkfc-venezuela-desmiente-acepte-dash-como-forma-pago%2F
https://www.forbes.com/sites/rebeccacampbell1/2018/12/07/discussions-in-place-for-dash-to-be-accepted-at-kfc-venezuela/#18baf92c5d38
https://twitter.com/dashmerchant/status/1072327769068052481
Top comment: "Yeah, more bullshit from Dash."

December 24
Dash doesn't actually look like it is being utilised by Venezuelans. Have a look.
https://www.reddit.com/CryptoCurrency/comments/a96i3y/dash_doesnt_actually_look_like_it_is_being/
https://youtu.be/4tKvqj3U3O0
Most controversial comment: "I dont see how people dont get it. If you cant pay for food, you would invest what little you have into something as risky as crypto ? It is easy to judge from our POV but In reality, most would rather feed their familiy then look for ways to invest in some startup."

Conclusion
The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis.
submitted by DashNews to DashUncensored [link] [comments]

[Very long, very serious] Development summary week ending 18th April 2014

When I got my first full time job, I used to try implementing requests from everyone as they came in, and for a while people really loved that I listened to their requests. Over time, however, things started to go wrong. I’d apply a change someone asked for, and in doing so would break something elsewhere in the code, in some subtle way that was missed in short-term testing. I’d fix that second bug and reveal a third. I’d fix that just in time for a new request to come in, and the process repeat. This led to the term “Bug whack-a-mole”, wherein I was spending time mostly fixing bugs introduced to live systems through rushing through earlier bug fixes.
So this week, we’ve had a lot of people asking about changes to proof-of-work, especially X11, or even moving to proof of stake, primarily in an attempt to address risk of a 51% attack. A 51% attack is where one actor (person, group, organisation, whatever) gains control of enough resources to be able to create their own blockchain, isolated from the main blockchain, at a rate at least as quickly as the main blockchain is being created. They can then spend Dogecoins on the main blockchain, before releasing their fake blockchain; if their fake blockchain is longer than the existing blockchain, nodes will switch to the new blockchain (as they would when repairing a fork), and essentially the spent Dogecoin on the main blockchain are reversed and can be spent again. This is mostly of consequence to exchanges and payment processors (such as Moolah), who are most likely to end up holding the loss from the double-spend.
The concern about a 51% attack stems from a couple of weeks ago now, when Wafflepool was around 50% of the network hashrate (mining power). It’s still high (at the time of wring about 32GH/s out of almost 74GH/s, or about 43%), but it is diminishing as a proportion.
Lets talk about proof of stake first, as this one’s simpler. Proof of stake has been suggested as a way of avoiding the risk of Wafflepool having control of too many mining resources by itself, by changing from securing the blockchain through computational resources (work), to using number of Dogecoin held. The theory is that those with most Dogecoins have most to lose, and will act in their own interests. Major examples of proof of stake coins include Peercoin, Mintcoin and more recently Blackcoin.
However, this essentially means we take control from Wafflepool, and hand it to Cryptsy (who are considered most likely to be the holder of some of the huge Dogecoin wallets out there). I by no means expect either organisation to attempt a 51% attack, but hopefully it’s clear that simply switching risks isn’t actually improving things. I’ve also had significant concerns raised from the merchant/payment processor community about potential impact of proof of stake, and that it may encourage hoarding (as coins are awarded for holding coins, rather than for mining). The price instability of Mintcoin and Blackcoin (and that Peercoin appears to only avoid this through very high transaction fees to keep the entire network inert) does not encourage confidence, either. For now, proof of stake remains something we’re keeping in mind, primarily in case price does not react as anticipated to mining reward decreases over time, but certainly we’re not eager to rush into such a change.
Before I get into a discussion on proof of work, let me summarise this quickly; right now, uncertainty about changes is holding back our community from adopting ASICs. It’s high risk to spend hundreds, thousands or in some cases significantly more on ASIC hardware which could be left useless if we move. Those who have already purchased ASICs to support the Dogecoin hashrate would most likely have to mine Litecoin to recover sunk costs, if we did move. ASICs are virtually inevitable, and in our assessment we are better off pushing for rapid adoption, rather than expending resources delaying a problem which will re-occur later.
At the time of writing the development team has no plans to change proof of work algorithm outside of the eventuality of a major security break to Scrypt. We are focusing on mitigation approaches in case of a 51% attack, and adoption of the coin as the most sustainable approaches to dealing with this risk.
The X11 algorithm has been proposed as an alternative proof of work algorithm. X11, for those unaware, was introduced with Darkcoin. It’s a combination of 11 different SHA-3 candidate algorithms, using multiple rounds of hashing. The main advantage championed for Darkcoin is that current implementations run cooler on GPU hardware. Beyond that, there’s a lot of confusion over what it does and does not do. As I’m neither an algorithms or electronics specialist, I recruited a colleague who previously worked on the CERN computing grid to assist, and the following is primarily his analysis. A full technical report is coming for anyone who really likes detail, this is just a summary:
A lot of people presume X11 is ASIC resistant; it’s not. Candidate algorithms for SHA-3 were assessed on a number of criteria, including simplicity to implement in hardware. All 11 algorithms have been implemented in FPGA hardware, and several in ASIC hardware already. The use of multiple algorithms does significantly complicate ASIC development, as it means the resulting chip would likely be extremely large. This has consequences for production, as the area of a chip is the main determining factor for likelihood of an error in the chip.
The short version being that while yes it would take significant resources to make an efficient ASIC for X11, for a long time Scrypt was considered infeasible to adapt to ASICs. As stated earlier, any move would most likely be nothing more than an extremely expensive and risky delaying manoeuvre. ASIC efficiency would also depend heavily on ability to optimise the combination of the algorithms; a naive implementation would run at around the rate of the slowest hashing algorithm, however if any common elements could be found amongst the algorithms, it may be that this could be improved upon significantly
There are also significant areas of concern with regards to X11. The “thermal efficiency” is most likely a result of the algorithm being a poor fit for GPU hardware. This means that GPU mining is closer to CPU mining (the X11 Wiki article suggests a ratio of 3:1 for GPU/CPU mining performance), however it also means that if a way of was found to improve performance there could be significantly faster software miners, leading to an ASIC-like edge without any of the hardware development costs. The component algorithms are all relatively new, and several were rejected during the SHA-3 competition for security concerns (see http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/documents/Round2_Report_NISTIR_7764.pdf for full details). Security criteria for SHA-3 algorithms was also focused on ability to generate collisions, rather than on producing hashes with specific criteria (such as number of leading 0s, which is how proof of work is usually assessed).
X11 is a fascinating algorithm for new coins, however I would consider it exceptionally high risk for any existing coin to adopt.
Beyond algorithm analysis, this week has been mostly about testing 1.7. Last weekend Patrick raised the issue that we had been incorrectly running the automated tests, which had led to several automated test failures being missed earlier. This led to other tasks being dropped as we quickly reworked the tests to match Dogecoin parameters instead of Bitcoin. So far, all tests have passed successfully once updated to match Dogecoin, however this work continues. On the bright side, it turns out we have a lot more automated tests than we realised, which is very useful for later development.
The source code repository for Dogecoin now also uses Travis CI, which sanity-checks patches submitted to the project, to help us catch any potential problems earlier, thanks to Tazz for leading the charge on that. This is particularly important as of course we’re developing on different platforms (Windows, OS X, Linux) and what works on one, may not work on others. Over time, this should be a significant time saver for the developers. For anyone wanting to help push Dogecoin forward, right now the most productive thing to be doing is testing either Dogecoin, or helping Bitcoin Core test pull requests. Feel free to drop by our Freenode channel for guidance on getting started with either.
Right now, I’m working on the full technical report on X11, and will then be back working on the payment protocol for Dogecoin. I’ve approached a few virus scanning software companies about offering their products for Dogecoin, with so far no response, but will update you all if I hear more.
Lastly, the next halvening (mining reward halving) is currently expected late on the 27th or early on the 28th, both times GMT. Given that it was initially expected on the 25th, we’re obviously seeing some slippage in estimates, and a total off the top of my head guess would be that we’ll see it around 0500 GMT on the 28th at this rate. I have taken the 28th off from the day job, and will be around both before and after in case of any problems (love you guys, not getting up at 5am to check on the blockchain, though!)
submitted by rnicoll to dogecoin [link] [comments]

SGAT NEWS 10 JULY 2018

SGAT NEWS 10 JULY 2018
https://preview.redd.it/ym1u8vrwx4911.png?width=166&format=png&auto=webp&s=e3db493fd6a2933ec4e2a5362d31e9e2fe28e847
https://preview.redd.it/debe2gxxx4911.png?width=866&format=png&auto=webp&s=2d650b9f01bac89a24ccfb7b0de2cd1667811e30
WHAT IS SGAT ?
SGAT OFFERS AN ONLINE, USER-FRIENDLY AND EVOLUTIVE ENVIRONMENT ENSURING TRUST BETWEEN PARTIES INVOLVED IN AN AGREEMENT VIA LEGALLY, CERTIFIED & TAILOR-MADE SMART-CONTRACTS SERVICES & APPLICATIONS
1. VALID & ENFORCEABLE SMART-CONTRACTS
  • SGAT smart-contracts certify enforceability;
  • are entrusted in a private entity and private servers;
  • benefit from the prerogatives of blockchain technology;
  • predefined and customable smart-contracts templates;
  • have a potential no-limit adaptability to all sectors.
2. A USER-FRIENDLY ENVIRONMENT
  • a unique and new smart-contracts environment;
  • remote from the blockchain but certified by it;
  • focused on confidentiality – CryptoNote protocol-based blockchain;
  • ergonomic and intuitive ecosystem via SGAT web application;
  • smart-contracts applications & tailor-made services.
THE MISSING CHAIN BETWEEN WHAT BLOCKCHAIN ASPIRES TO AND THE LEGAL REALITY OF THE WORLD OF TODAY
The most important promise of blockchain is probably bringing confidence, but the world is full of legal constraints. Society collapses under the weight of regulatory constraints; global legal pressure brings even greater challenges and increasingly complicated contracts.
Current smarts contracts do not promise any possibility of anonymity and are reserved for developers and not applicable in the business industry.
SGAT bridges this gap offering legally valid and enforceable smart-contacts, combined with an anonymous, secured and efficient blockchain and an evolutive ecosystem.
DEVELOPMENT ROADMAP
What has been done since the project launch and where do they stand today ?
First step of the project was the creation, development and launch of SGAT blockchain, starting from the code of Monero blockchain, which is also based on the CryptoNote protocol.
As a reminder, CryptoNote is the protocol/technology running Monero blockchain for example, while CryptoNight is the hash algorithm used by CryptoNote (the way data is cut, exchanged and verified). For Bitcoin it is the algorithm SHA256, Scrypt for Litecoin, X11 for Dash or Ethhash/Dagger-hashimoto for Ethereum.
In order to fully control their blockchain and technology, it was decided not to simply fork the Monero project but to generate their own block genesis.
But what is a fork?
A fork or branch is the fact of taking two directions, creating a new software from the source code of an existing software. Two main reasons can give origin to a fork:
  1. a divergence of views and objectives related to the project by the developers;
  2. a personal conflict within the company that created the software.
Moreover, since making such modifications requires software’s rights to allow it, forks are generally performed on free software, which is the case of the majority of crypto-currencies.
Phase 1: testnet blockchain
Their first big challenge: taking Monero’s blockchain code by creating a copy from their Github, the website where the code is hosted, to rework it from the beginning to generate their own genesis block (block number 0).
It was necessary to recreate such block in order to take into account the specific parameters of SGAT blockchain. For example, the maximum emission of SGAT units, emission speed of the blocks or emission curve. This would not have been possible with a simple fork from Monero.
What also took them weeks of work: retaking every "commits" – modifications, updates or editions of Monero code from very first release – made by the developers who contributed to the Monero project since the beginning (around 150 to 200 commits…), in order to analyse, understand and assimilate code evolution and blockchain mechanisms changes or implements.
Phase 2: mainnet SGAT blockchain
Once the code reworked, they started the test phases on a blockchain test (testnet):
  • blockchain mining;
  • rewards and costs;
  • transfer between wallets.
Once this phase completed, on May 25th around 8pm Paris time, the mainnet SGAT blockchain was started and the first nodes (computers running the blockchain) beginning mining. At the moment, the mining is made in private in the scope of the pre-ICO currently live and the ICO that will be launched early Q4 2018.
A private mining allows them to:
  • exclusively mine SGAT tokens as part of the ICO;
  • prepare the various users’ wallets;
  • work on synchronization and compatibility with their web application.
Once the ICO finished, IP addresses of the seeds (i.e. the first machines that started our blockchain) will be revealed by the team. This will allow SGAT users and community to :
  • connect to SGAT blockchain;
  • generate wallets;
  • confirm transactions (mining) via the daemon software that will be published.
Phase 3: SGAT web application
On July 6th, the first version -beta test/demo- of SGAT web application was released : https://app.sgat-technologies.com/dashboard.
It includes SGAT Explorer, the search and consultation website for SGAT blockchain. It allows anyone to consult the complete, in real time, history and records of every transactions performed on SGAT blockchain from the genesis block : mining transactions, tokens emission and rewards, hashrate, etc...
SGAT team performed days to run all unit and functional tests on the web application as well as fully analysing their code. These tests simulate all the possible actions of tool – from A to Z – so that the web application is as stable as possible to ensure the proper operation of SGAT servers, of the various controllers and API routes.
Phase 4 and beyond: what is coming !?!
The development of SGAT smart-contract MVP (Minimum Viable Product) started immediately after the release of the web application. SGAT plans releasing a demo-tool of their smart-contract services allowing SGAT users to test a few use cases ;
The team is also constantly working on correcting various bugs on the website, whether in terms of translations or transaction management and of the whole platform. New languages are being added to SGAT website as well as to their White Paper.
The ICO is planned to be launched with a working MVP, currently scheduled early Q4 2018 (SeptembeOctober). SGAT smart-contracts service naturally requires a lot of development work, but it also requires a lot of legal work to ensure the validity of the smart-contracts and their enforceability. SGAT smart-contracts services will produce legally valid contracts offering trust, security and efficiency. This will obviously ensure a massive adoption of this technology of the future and the prosperity of SGAT !
  1. Connecting SGAT web application with SGAT platform authentication system;
  2. Synchronizing and centralizing every transfers, rewards (bounty program and partners) within SGAT web application;
  3. Starting mobile development through SGAT application.
    Visit the FAQ available on SGAT website for further details on the project and the ICO: https://www.sgat-technologies.com/en/faq/
SGAT Contact : [[email protected]](mailto:[email protected])
Ø Telegram : https://www.t.me/sgatcoin/
Ø BitcoinTalk : https://bitcointalk.org/index.php?topic=4421668.0
Ø Twitter : https://twitter.com/Sgatcoin
Ø Youtube Channel : https://www.youtube.com/channel/UCItt9quglfpwvEi-mCenBqQ
Ø Reddit : https://www.reddit.com/SGAT/
Ø Github : https://github.com/sgat-technologies/sgat
Ø Medium : https://medium.com/@sgatcoin
Ø Instagram : https://www.instagram.com/sgatcoin/
Ø Facebook : https://www.facebook.com/Sgatcoin/
Ø LinkedIn : https://www.linkedin.com/company/sgat-technologies
submitted by thomassgat to SGAT [link] [comments]

[Serious] Of Prices, ASICs and X11

WARNING: WALL OF TEXT, HIGH SCIENCE CONTENT
Friends, shibes, it is my pleasure to speak with you for what I hope is the first and not the last time. I'm arrdem, I'm a Doge daytrader, economist and miner on the side, and a programmer during the day. Today I'd like to have a chat about some of the rumors with regards to ASICs and the X11 hash that have been floating around /dogecoin for the last few weeks and I hope bring some light to the discussions.
On Scrypt
What is special about our hash function? Why does Bitcoin use SHA256 and why does Doge use Scrypt? The hash function used by each cryptocurrency must have no known inverse function or algorithmic weakness which allows miners to cheat and compute nonces easily, and it needs to be easy to verify or recompute given an input. The first requirement is obvious in that if the hash function is weak, then someone can achieve a 51% attack potentially with less than 51% of the network's hashing power. The second is less obvious and is in fact entirely a performance issue.
SHA256 is a known and trusted algorithm which has yet to exhibit any known weaknesses, and it is very very fast to recompute. This is why Bitcoin is SHA based.
Litecoin, the intellectual father of Dogecoin, chose the Scrypt hash function because it was a memory bound algorithm. That is, the slowest part of computing the Scrypt hash of some value is waiting for values to be fetched from memory: an operation which it is amazingly expensive to make fast. The goal of choosing an artificially expensive hash function was to escape the Application Specific Integrated Circuits (ASICs or hardware miners) which had come to dominate Bitcoin mining. Because the SHA256 algorithm does not have large memory requirements, it was easy for Bitcoin speculators to develop cost effective hardware for the single purpose of searching for SHA256 nonce values.
On ASICs
Before we get to whether ASICs are good or bad for a coin, we must first assess why they made sense for Bitcoin so that we can reason about their impact on Doge.
Because the computational power to find a nonce for any good cryptocurrency is expected to be large, that means there is a literal cost attached to processing each transaction on the network. While transactions may be nominally free or at least low fee, miners are really speculators expecting that someday the value of the coins they earn computing nonce values for blocks will exceed the operating costs and purchase costs of the hardware they mine with. This expectation that one day mining costs will be repaid is in fact the key reason that Bitcoin featured block rewards. The block reward was seen as a bootstrapping mechanic with which to buy hardware investment in the Bitcoin network through currency inflation.
Now, ASICs and other mining hardware only pay for themselves if one expects to get enough return from block rewards and future coin price increases to cover the purchase and operating costs of the hardware. However, this is where the block schedule comes in. If we expect that thanks to the law of large numbers that one's return is on average the block reward times ones fraction of the network hashrate, it becomes clear that as the block reward falls it becomes very difficult for any purchased mining hardware to pay itself off let alone turn a profit especially as other miners purchase hardware to compete for the same block rewards thus driving up the hashrate.
On the block schedule
Looking at the Bitcoin block schedule, ASICs kinda make sense. The Bitcoin block schedule extends until 2140, at which time the "omega block" will be mined and the per block reward of Bitcoin mining will become zero. However until that time the per block reward will decrease 50% every four years. Today in 2014, the per block reward of Bitcoin is 25BTC and it won't change until 2017. That means that Bitcoin targeted ASICs can potentially run for three whole years or more and still have a reasonable chance of breaking even with no assuptions made about changes in the value of 1BTC.
Doge's block schedule looks completely different. Where Bitcoin has a long tail on its per block reward extending out to 2140, Dogecoin will reach it's minimum block reward at block 600,000 in January of 2015, less than 14 months after Dogecoin came into being. With the 3rd halvening about 11 days out and the 4th on the horizon, by the time big boy ASICs for Scrypt start shipping in Q3/Q4, being September and later, the per block reward of Doge will have fallen to 31.25KDOGE and below. Third generation ASICs slated for December and January will likely never see more than 15.625KDOGE/block.
On the price of Doge
So what does this mean for the price of Doge? If the price of Doge doesn't increase at all, it's clear that the expensive new ASICs will never break even. This suggests that late comers with high powered mining hardware will be looking to recoup their investments and asking higher and higher prices for their Doge which should drive up the price overall.
To put some numbers on this, at current prices and hashrate, accounting for halvenings, neither Gridseed ASIC even breaks even within 200 days if purchased within the next 48hrs. fn:1. Wait 30 days (after the comming halvening) and you don't come anywhere near break even. If I change my model to include some hashrate growth factor, the outlook is even worse. fn:2.
This isn't bad news. This is awesome news for the price of DOGE. Lets say that Gridseed ships oh 500 units of their big boy ASIC, which may be conservative. fn:3 That's right, if hardware equivalent to 1K large Gridseeds came on in the next 30 days and ran at least for 200, doge would have to go all the way up to 702DOGE/USD just for them to break even!
To the moon
So where does this leave us. I think that the numbers I've presented here show that ASICs for Dogecoin are patently absurd, unless you expect to see a gargantuan spike in the price of DOGE which would make us all rich men anyway. While I'm willing to speculate on block reward (which is easy to model) and on hashrate which I assume is more or less linear, I have no mechanism with which I can confidently predict the price of DOGE out more than a week. Naive linear projections from our initial open of 80 satoshi to today's 126 satoshi over the course of four months suggests that in 200 days we could well see the ~300 satoshi prices which would make Gridseed and other ASIC miners profitable. However once you account for the high volatility of Doge, of Bitcoin and general market manipulation who knows if it'd ever go that high stably.
So. To sum up. On the basis of these sketchy ROI numbers, I think that buying ASICs is probably ill advised. That said, I expect that people will buy ASICs and that in doing so they will drive up the price of DOGE at the same time as the supply of DOGE starts to dry up due to block reward decreases.
I will be interested to see what happens to DOGE mining in January, as we will be the first coin to reach their steady mining state. I hope that the 10,000 DOGE reward per block will be sufficient to support the ASIC and GPU mining required to keep our hashrate out of 51% threat, but only time will tell. There is a real threat that the ROI of mining will be too low to justify the purchase of new ASIC let alone GPU hardware, which would lead to a falling hashrate and a credible threat of 51% vulnerability. However we could also see prices to go to the moon in which case that is no worry as high efficiency ASIC farms would take over mining securing the coin's stability more or less. I will note that no coin has yet solved the 51% threat issues posed by centralized mining, and I'm personally convinced that it's an intractable problem because as rewards per block decrease as for bitcoin, the costs of mining operations must likewise fall leading to greater centralization of compute power. By fixing our block reward we may. may. be able to dodge (ha ha) this issue however the essential drive to cut mining prices for ROI maximization will remain and will continue to drive mining centralization.
With all this in mind, it's silly to talk about the adoption of X11 or another hashing algorithm, because if and when ASIC miners for DOGE become big business it'll already be too late and we will have already mined the vast majority of DOGE thus securing the distribution of DOGE away from the ASIC miners we seem to fear so much as a community. Making the switch to X11 simply delays the ASIC hardware which we want anyway due to the price increases it's likely to drive, forget about making us artificially dependent on GPU mining to secure our hashrate and creating an uncalled for blockchain fork.
TL;DR
  1. Stop worrying and love the ASICs, they won't make a ton of money and will secure our hashrate and by proxy our Doges!
  2. STFU about X11. It's even more ASIC friendly than Scrypt, and we gain nothing from another blockchain fork.
  3. Price projection: moon!
  4. Open issue: How do we limit mining centralization without increasing inflation? Are we already at a balance point?
MSC
The software I've built and used to make these models is entirely open source and written in Clojure, see the footnotes for source and libraries.
Other programs involved
https://www.refheap.com/78314
https://github.com/arrdem/meajure
Edit History
  1. Wording typo fixed
  2. Fix fn:2 to reflect increased network hashrate
  3. Don't bother asking me what I think the price of DOGE will be. Not the foggiest.
  4. Fix final block reward, 10k not 100k
  5. Fix omega block date for BTC, 2140 not 2024
submitted by Arrdem to dogecoin [link] [comments]

Dash's InstantSend Failure Taught Us How NOT to Implement Cryptocurrency Features

Dash made a mistake.
One of Dash’s hallmark features, InstantSend copied the GreenAddress feature in Bitcoin by having masternodes lock the inputs of a transaction so that they can’t be spent elsewhere, effectively making transactions confirmed in 1.3 seconds instead of 10+ minutes. While certainly revolutionary, this innovation was unfortunately implemented and marketed using incompetent methods that caused it to be overlooked for years, as the market cap of Dash imploded to a tiny 0.5% of the total crypto market and fell in rank from #3 to #16.
InstantSend was a feature nobody wanted
At its start, InstantSend (then InstantX) was worth its weight in hype: It was a shiny new gimmick that supposedly solved some big deficiency in Bitcoin, promising to take Dash to the MOOON. Then, everyone except brainwashed Dash Kool-Aid drinkers kind of collectively realized that no one particularly cared. Bitcoin transactions showed up right away and pretty much always went through, and even waiting for confirmations only took about 10 minutes or so. There was no compelling reason to switch to using Dash over this feature, because it solved a problem that no one really had.
Users and merchants having to take additional action was a huge no-go
The biggest barrier to usefulness for Dash's instamined Ponzi tokens was having to manually enable the InstantSend option. This wasn’t a problem because it’s so difficult to simply check a box when you want to use the feature, but because most wallets and services didn’t even implement it to begin with. In an ecosystem with hundreds of tokens to keep track of, no one would want to pay Dash some special attention and carve out a little time and effort to implement its special features so it could stand out against its neighbors. This left very few services (mainly the Core client for the longest time) actually enabling InstantSend, and until relatively recently there were not even mobile wallets for both iPhone and Android that could use a feature mainly touted for retail transactions. Despite all that expensive and tireless developer work, in the vast majority of wallets the Dash experience was indistinguishable from that of Bitcoin or Litecoin, the parent projects whose code ungrateful Dash Core steals while talking trash about the devs who wrote it for them.
Even worse, merchants and other services had no idea what to do with a received InstantSend transaction. I remember spending Dash some many months ago, and the point-of-sale app not recognizing the payment at all due to InstantSend being used. The ecosystem is much better educated now, but many services still don’t recognize InstantSend due to the simple fact of having to actually pay it some attention and nobody wanting to use Dash because of its price collapse and KuvaNation36 vs. DACH Force Embassy civil war.
Implementing InstantSend by default is a public relations experience win
The massive MOOON PAAMP for Dash isn’t Evolution vaporware and blockchain username abandonware. It’s default InstantSend. By automatically locking the vast majority of transactions instantly, at the protocol level, now Dash will, on all systems and platforms, have a distinct PR advantage over every other coin. Rather than having to sell exchanges, merchants, users, etc. on how great Dash would work for them if they just took a few additional steps, now the pitch is simplified to “Just use Dash.” Traders will see how effective instant and secure deposits and withdrawals are, particularly for arbitrage opportunities across exchanges. Merchants, particularly online, will love not having to wait or check up on payments, or, even worse, doubt whether or not the payment will end up going through. Customers will appreciate the instant gratification of buying and immediately receiving. In my hopium-induced dream world, implementing an old feature by default will for most have the same effect as rolling out an exciting new feature.
Monero got this right
Whether or not this is something most Dash Cargo Cultists want to hear, Monero got this aspect right by having its special features enabled by default. While this was pitched as a philosophical issue, in practice it really boiled down to user experience: use Monero from virtually any wallet, expect higher privacy than Bitcoin. By supporting Monero, every service was forced to implement its special features, and therefore its competitive advantage over others. Dash is in essence doing the same thing, only for a project that’s in much less popular (indeed, widely hated as a scam).
Dash was before its time, but now it's too late
Fierce competition and the decline of the Buttcash adoption movement have made crypto projects struggle for cash, giving Dash’s bloated treasury system a starvation diet. Network congestion has made the reliability of several networks suffer, giving an edge to BSV's 128mb block scaling research and CTOR's increased TPS. And now, in the age of unprofitable X11 mining and easily affordable 51% attacks, InstantSend and ChainLocks promise to instantly make Nakamoto Consensus' longest-valid-chain rule an obsolete inconvenience.
Dash lagged in the past because its many useless and broken opt-in features were easy to ignore by the rest of the world. Now with its instamined Ponzi tokens, untested homegrown security, and centralized governance/development, Dashcoin is about to continue being one of the most unpopular and despised scams in the cryptospace.
submitted by nEvolution36_Hopium to DashUncensored [link] [comments]

Soooooo, what the hell is happening with this industry?Is a "Mass Extinction" of altcoins coming?

Are cryptocurrencies other than bitcoin going to be here in the next 3 months? It certainly doesnt look like it. My history speaks for itself, Im not a shill or a FUD starter, in-fact, Im a genuinely worried GPU miner who is afraid of not seeing his ROI on several thousands of dollars worth of mining gear.
CPU and GPU miners are out of the game now I guess, nothing left to mine other than vertcoin, which is why the price is falling on it so rapidly, because every GPU miner and their mother is mining it. Why are there even networks anymore to begin with? Am I missing out on something or are there tons of people mining at a loss right now?
Asics and lack of investors are ravaging Scrypt coins, X11/13 is being overmined by GPU miners to the point of unprofitability, scrypt N soon to follow. What the fuck is happening?
Assuming all GPU and CPU miners eventually leave the scene and the coins are all over run with ASICS or just plain lack of investors, what then? Is this it? Is the everyday man out of the picture? Do I need to sell my GPU's for asics? No one seems to be talking about this but its happening.
If the course stays the same most altcoins should be dead within a year. Just like what happened with the video game console industry when it first hit its stride, so many consoles came out heads were spinning but nowadays only a few of those brands still exist... Some only barely surviving by turning into game only developing companies.
The way I see it is there is much more inflation from the miners then there is deflation from the investors, I mean, why would people want to put there money into a system where it is being ravenously farmed by every dude who knows how to build a computer?
Mining is growing in popularity but not the coins themselves.
The fact of the matter is unless a coin gets accepted by the masses relatively quickly (4-6 months) its outlook will start to look grim, simply based on the parameters set by the devs themselves.
We cant rely any longer on the typical day trading micro economy to sustain what we consider to be a leading currency of the future.
So HOW do we get our coins to be accepted by the masses?
I for one believe strongly that in order for a coin to succeed we need to make it easily ATTAINED, TRADED, and USED. The way coins stand nowadays is pathetic.
The time it takes for the coins name and image to spread accross the masses, through the masses, as in in-person would take longer than the coin has before it fails. Making the coin, and therefore a majority of its investors, DEPEND on exchanges for their success, which is utter horseshit.
Exchanges are no different than Banks, remember that. The industry will never be decentralized (or probably anonymous) without a TRUE peer-to-peer trading platform, that allows online transactions without exchanges.
I propose a MULTI-WALLET! We need a wallet that can hold ALL coins and ACCEPTS / RECEIVES all coins. Perhaps myriad? Since they are going for the whole mass merged mining appeal, and can provide for all types of miners.
There is SO MUCH MORE that we can be doing to make our coins more "Mass Adaptable" and I just don't see many developers batting an eye in that regard.....
Thanks for reading
submitted by thebiglouboo to CryptoCurrency [link] [comments]

DASH mining in any capacity is officially dead thanks to greedy Masternodes

I have created an article on medium with mathematical models and indicators to show the competition SHA-256 mining brings to x11 mining, and how this will incredibly inhibit the possibility of DASH global infrastructure worldwide. Check it out:
https://medium.com/@aquilesgomez/highlighting-mining-difficulty-scalability-issues-with-x11-algorithm-on-the-dash-network-f48533a5e6fe
https://medium.com/@aquilesgomez/highlighting-mining-difficulty-scalability-issues-with-x11-algorithm-on-the-dash-network-f48533a5e6fe
https://medium.com/@aquilesgomez/highlighting-mining-difficulty-scalability-issues-with-x11-algorithm-on-the-dash-network-f48533a5e6fe
https://medium.com/@aquilesgomez/highlighting-mining-difficulty-scalability-issues-with-x11-algorithm-on-the-dash-network-f48533a5e6fe
EDIT 2: Anyone interested in buying one of these 8x Antminer D3's is more than welcome to buy one off of me LOL. Still in the box, PM me to set up an escrow.
Let's get this straight - I'm not here to complain about my shitty investment into the Antminer D3 which I've bought 10 of already, but I want to be frank about what the hell just happened - in ONE FOUL SWOOP, Bitmain managed to flood out one of bitcoin's main competition by showing just how weak their hashing algorithms were in terms of scalability for its mining community.
https://www.dash.org/forum/attachments/dash-profitability-jpg.5280/
We are officially in the negative when it comes to DASH profitability with a 1500 dollar Antminer D3 with an average cost per KW/h. Now that's not the part I want anyone to focus on - but look at that DASH mined per year - 2 DASH coins. Now let's look at the hashrate, which has only very recently in its lifetime reached above 1000TH/s https://www.dash.org/forum/attachments/dash-hashrate-jpg.5282/
In comparison, bitcoin is at a hashrate in the 5.3 MILLION TH/s range and its profitability stays stable: https://www.dash.org/forum/attachments/bitcoin-hashrate-jpg.5281/
Note that their S9 basic has a hash rate 100 times the size of the D3 hashrate, yet still gives us reasonable returns: https://www.dash.org/forum/attachments/bitcoin-profitability-jpg.5283/
From a mining investment point of view, it's obviously clear that bitcoin comes out superior in terms of profitability and sustainability as a business model. Most of the support and big push for bitcoin comes from its mining community - do you all honestly think your 5% governance structure is going to be enough to propel your DASH into mainstream limelight when the algorithm underlying it can't even support a few months supply of algorithm miners?
Part of the allure of bitcoin is that it created an industry under it - not just as a payment method, but also as a means of livelihood while supporting the underlying cryptocurrency structure and, in a way, propelling it into mainstream limelight due to its robust infrastructures around the world. What the hell did DASH miners get? A cryptocurrency whose profitability got flooded out by new technology WHILE using that same new technology? I'd like to remind everyone that we are only talking about 1500 TH/s. 1500... vs 5.3 million.. and its suddenly not viable to even mine it at all?
This is a serious issue in terms of scalability, and you're being delusional if you think no ones gonna take note off the lack of infrastructure DASH will be providing into the cryptocurrency sphere in comparison to bitcoin - we harp on bitcoin because of its shitty transaction speeds and high network fees, but we're literally killing DASH by not even accommodating to the mining community which supports its PoW infrastructure. In essence, DASH just hard-capped itself at the 1.5 PH/s line, while bitcoin will continue to improve itself around the world in terms of hashrate. You might have the software capable of bringing this to the masses, but without the hashrate and processing power to process those fancy 2MB/s blocks the devs have been promising, the DASH team just shot itself in the foot twice by introducing both cheaper network fees AND the promise that, somehow, 2MB/s blocks will be supported by its mining community. People are already dropping DASH mining like hotcakes everywhere - just look at ebay selling D3's for half of its price.
So, in conclusion, this is something that needs to be addressed immediately. The devs are just tip toeing around this issue by solving problems that don't even exist and building aritificial hype around the coin that shouldn't exist (why are 2MB/s blocks so important when you dont even have the tx volume or high tx fees to make it impactful?) meanwhile, their competition, bitcoin, is proving itself to be a competitor globally in terms of PoW infrastructure needed to support a global adoption to its base because, seriously, no amount of development work is going to transact thousands of trillions of dollars a day on a hash rate of 1.5 PH/s. Thanks for your time.
submitted by DASHBREAKER_ to DashUncensored [link] [comments]

We Need to Talk - New Crypto Show has started.

Hi Crypto Enthusiasts,
I just wanted to notice that there is a new crypto show out there on youtube. The title of the show is "We Need to Talk".
Personally I think we need to talk more in crypto, because there are so many topics and so many open questions.
Please check out my channel, I just made 5 videos, but I think the quality is getting better and better.
Link to the Channel:
https://www.youtube.com/channel/UCnHWfRsg8JTlTCeJ6Gd50Tw
I made videos concerning Dash X11 Mining, Bitcoin Mining, the current sellout of the last days.
I plan to do a weekly special - a video of a rollercoaster simulation that drives the weekly bitcoin chart. (I hoper to finish first special episode today).
Please share your opinion and subscribe.
Thank you in advance
submitted by Sascha_HWEnthusiast to Crypto_General [link] [comments]

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BitcoinTalk thread
submitted by patrike to dogemining [link] [comments]

Scaling, TX fee's, mempool, PoW, SHA256 & Quantum Computers

Dear btc community
I've heard a lot of people talking of the high risk of Bitcoin eventually imploding because of the lack of governance causing the long ongoing scaling debate; and going on to say another crypto competitor will take the thrown i.e. like DASH. I've also heard people talking about the technology of PoW and SHA256 algorithm being completely unsustainable in the future, in that PoW consumes huge amounts of energy and centralization, and SHA256 might become weaker in the future. X11(Which was designed for DASH) being used instead of SHA256 with a PoS system.
My questions and sub questions are:
Is Bitcoin now classed as a 'standard' and settlement currency in the industry, pegging all other crypto's to it? (Meaning it can't actually fail and be compared against and suffer from competition from any other crypto, as mostly all other crypto's liquidation is to BTC?).
Regarding Bitcoin Scaling issues: Is there really a issue with Bitcoin itself? (Meaning its only political with the direction human beings want to take it, and nothing wrong with the security, engine infrastructure of Bitcoin? Therefore it is what Satoshi intended i.e. to make a financial system it cant be manipulated?).
Is the scaling issue in what we have today exist in the negative way we think it does? (In that bitcoin must scale NOW? Instead a fee market needs and must be allowed to develop to support miners in a ever increasing difficulty rise, block reward depreciation every 4 years and high electricity bills, and then profits after all that!?).
Is Bitcoin high tx fee's are a good thing in that users expressing how valuable its worth by paying the high fee's?
Are Bitcoin tx fee's still very low compared to our traditional corrupt FIAT money institutional banking system? (Taking into account exchange rate fee’s, bank fee’s, transfers, Credit card fee’s, overdraft charges, broker fee’s etc).
Isn't Bitcoins engine designed to shuffle txs between mempool and blocks for users only willing to pay lowest txs fees for when block start getting full? (Isn't mempool like a temp cache system for unconfirmed transactions part of the blockchain/ledger that sit on top of already mined blocks waiting on new block to take on the mempool unconfirmed txs?). In that all txs in the mempool will get processed, NOT 'if', but 'when' i.e. weeks/months etc? (I've heard Roger Ver say... “may never get confirmed”, I challenge this; therefore need to ask, does a tx only hit the blockchain/ledger on the first confirmation? (If it does he has a point, especially if the mempool is completely separate from the blockchain/ledger). Or does it hit the blockchain/ledger as soon as you hit 'send'? i.e. In that if a transaction has ‘Unconfirmed status’, it has been written to the blockchain/ledger; if thats the case then surely it has to confirm 'eventually' and Roger Ver is wrong?). What do you think Bitcoin price prediction will be with increasing demand with this ongoing scaling debate?
How much market manipulation is involved in spreading fear about Bitcoin scaling and its ongoing debate?
Is Bitcoin with its SHA256 or X11 algorithms under threat from Quantum computers like D-Wave?(Does Bitcoin Developers/community have plans in place?).
If X11 and PoS prove more Superior over SHA256 and PoW, how will it effect Bitcoin longterm? (Based on how Bitcoin is seen i.e. a settlement currency or not; from my ‘first’ question).
Lastly, Regarding Bitcoins power consumption; Ive believed and still do 20+Megawatts is highly efficient to run the system on a world wide basis compared to how our traditional FIAT money financial system is run, any thoughts?
PS: I would appreciate Bitcoin Unlimited and Core devs expert comments (Despite of the hostility, as I believe in listening from both sides), as well as the general community to answer this as honest and accurate as possible.
Thank you!, Regards.
submitted by TXJQQVRF to btc [link] [comments]

Subreddit Stats: btc top posts from 2017-01-09 to 2017-02-07 22:40 PDT

Period: 29.80 days
Submissions Comments
Total 999 28052
Rate (per day) 33.52 904.13
Unique Redditors 409 2067
Combined Score 56126 117584

Top Submitters' Top Submissions

  1. 3835 points, 41 submissions: Egon_1
    1. "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority" (529 points, 262 comments)
    2. Charlie Shrem: "Oh cmon. @gavinandresen is the reason we are all here today. Stop attacking people, ...." (256 points, 61 comments)
    3. The core developers don't care about you. Let's fire them by hard fork to Bitcoin unlimited! (231 points, 83 comments)
    4. Bitcoin Core Hashrate Below 80% (211 points, 27 comments)
    5. "Bitcoin is an P2P electronic cash system, not digital gold. If Bitcoin's usefulness as cash is undermined, its value will be undermined too." (198 points, 196 comments)
    6. I like these ads (194 points, 25 comments)
    7. "ViaBTC Transaction Accelerator already help more than 5K delayed transactions got confirmed." (142 points, 27 comments)
    8. Bitcoin Unlimited: Over 800 PH/s (128 points, 21 comments)
    9. ViaBTC produces ZERO empty block in the last month. Best in SPV base mining pool. (117 points, 2 comments)
    10. New ATL (All Time Low) For Bitcoin Core Blocks (114 points, 59 comments)
  2. 2876 points, 24 submissions: ydtm
    1. The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? (354 points, 116 comments)
    2. BU-SW parity! 231 vs 231 of the last 1000 blocks! Consensus will always win over censorship! MARKET-BASED blocksize will always win over CENTRALLY-PLANNED blocksize! People want blocksize to be determined by the MARKET - not by Greg Maxwell & his 1.7MB anyone-can-spend SegWit-as-a-soft-fork blocks. (271 points, 66 comments)
    3. The number of blocks being mined by Bitcoin Unlimited is now getting very close to surpassing the number of blocks being mined by SegWit! More and more people are supporting BU's MARKET-BASED BLOCKSIZE - because BU avoids needless transaction delays and ultimately increases Bitcoin adoption & price! (185 points, 80 comments)
    4. "Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, btc" ~ u/randy-lawnmole (176 points, 114 comments)
    5. "Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZander (175 points, 110 comments)
    6. "You have to understand that Core and their supporters eg Theymos WANT a hardfork to be as messy as possible. This entire time they've been doing their utmost to work AGAINST consensus, and it will continue until they are simply removed from the community like the cancer they are." ~ u/singularity87 (170 points, 28 comments)
    7. Blockstream/Core don't care about you. They're repeatedly crippling the network with their DEV-CONTROLLED blocksize. Congestion & delays are now ROUTINE & PREDICTABLE after increased difficulty / time between blocks. Only we can fix the network - using MARKET-CONTROLLED blocksize (Unlimited/Classic) (168 points, 60 comments)
    8. 3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer (146 points, 59 comments)
    9. This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price. (143 points, 97 comments)
    10. Now that BU is overtaking SW, r\bitcoin is in meltdown. The 2nd top post over there (sorted by "worst first" ie "controversial") is full of the most ignorant, confused, brainwashed comments ever seen on r\bitcoin - starting with the erroneous title: "The problem with forking and creating two coins." (142 points, 57 comments)
  3. 2424 points, 31 submissions: realistbtc
    1. Remember this picture ? It was a very strong and cool message from around 2014 . Well, sadly it's not true anymore. But it was universally liked in the Bitcoin space , and probably brought here some of us . I remember even luke-jr reposting it somewhere (oh , the hypocrysis!! ). (249 points, 55 comments)
    2. Emin Gun Sirer on Twitter ' My take is the exact opposite: we are now finding out that Segwit isn't necessary and we can get the same benefits via simpler means. " (248 points, 46 comments)
    3. Gavin Andresen on Twitter : ' The purpose of a consensus system is to arrive at one outcome. Participating means accepting the result even if you initially disagree. ' (204 points, 56 comments)
    4. enough with the blockstream core propaganda : changing the blocksize IS the MORE CAUTIOUS and SAFER approach . if it was done sooner , we would have avoived entirely these unprecedented clycles of network clogging that have caused much frustrations in a lot of actors (173 points, 15 comments)
    5. Gavin Andresen on Twitter - 'This can't be controversial... can it? - a definition of Bitcoin' (136 points, 38 comments)
    6. adam back on twitter "contentious forks are bad idea for confidence & concept of digital scarcity. wait for the ETFs. profit. mean time deploy segwit & lightning" - no! a corrupt company like blockstream with a washed out ex cypherpunk like adam are what's bad for Bitcoin . (122 points, 115 comments)
    7. "Bitcoin: A Peer-to-Peer Electronic Cash System" - if you stray from that , you don't get to keep calling it Bitcoin. call it blockstreamcoin, adamcoin, gregcoin, theymoscoin or whatever and go fork off yourself . (112 points, 19 comments)
    8. soon 21 will have to change the scale , because 180 satoshi/KB won't be enough anymore - madness - feel free to send your complaints to greg maxwell CTO of blockstream (112 points, 31 comments)
    9. PSA : if you use a ledger wallet , you risk paying an absurdly high free - see here : 10$ for a 225 bytes 150$ tx - but remember , it's all fine for your elitist and gregonomic friends at blockstream (109 points, 111 comments)
    10. Luke 'the liar' Dashjr : ' My BIP draft didn't make progress because the community opposes any block size increase hardfork ever. ' -- yes , he wrote exactly that !! (96 points, 33 comments)
  4. 2129 points, 43 submissions: increaseblocks
    1. After failing to get 10K bitcoins for stolen NSA exploits, Shadow Brokers post farewell message, dump a cache of Windows hacking tools online (181 points, 23 comments)
    2. Coinbase and the IRS (146 points, 69 comments)
    3. Ryan X. Charles on Twitter - There is a leadership gap in bitcoin left by technical community members who didn't listen to miners, businesses or users. (117 points, 44 comments)
    4. Blockstream Core developer says you should "pay a $5 fee" to get your transaction to go through! (116 points, 32 comments)
    5. $2.50 transaction FEE paid on $37 transaction, still unconfirmed for 24 hours!! (109 points, 37 comments)
    6. Blockstream shareholder gives a little more insight into the company (107 points, 33 comments)
    7. Finished setting up my Unlimited full node. Took just over 24 hrs to sync with a 5 yr old laptop and standard U.S. connection + $50 1TB hard drive! (96 points, 46 comments)
    8. Matt Corallo/TheBlueMatt leaves Blockstream to go work for Chaincode Labs... is the Blockstream house of cards beginning to crumble? (86 points, 175 comments)
    9. 53,000 transactions in the backlog! (75 points, 79 comments)
    10. Doctor ₿ Goss on Twitter: Spending a year on #segwit instead of coordinating blocksize increase may not have been wise. Money that doesn't work is worthless (70 points, 11 comments)
  5. 1590 points, 9 submissions: parban333
    1. Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. (566 points, 87 comments)
    2. nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin. (400 points, 207 comments)
    3. Remember: while the blockstream trolls take Peter R out of context, Peter Todd really think Bitcoin should have a 1%/security tax via inflation. (146 points, 92 comments)
    4. So, Alice is causing a problem. Alice is then trying to sell you a solution for that problem. Alice now tell that if you are not buying into her solution, you are the cause of the problem. Replace Alice with Greg & Adam.. (139 points, 28 comments)
    5. SegWit+limited on-chain scaling: brought to you by the people that couldn't believe Bitcoin was actually a sound concept. (92 points, 47 comments)
    6. Remember: the manipulative Adam Back, CEO of Blockstream, want to fool every newcomer that doesn't know better into thinking that he practically invented Bitcoin. (91 points, 22 comments)
    7. Not only segwit support is laughable at the moment for something targeting 95% adoption, but it's actually diminishing. Wallet devs and people that spent resources implementing that ridiculous contraption must feel a bit silly at the moment.... (83 points, 143 comments)
    8. It's ironic that blockstream's concerns about hard forks security are what's actually caused concerns about hard forks security. (46 points, 5 comments)
    9. The Intercept - "Hidden loopholes allow FBI agents to infiltrate political and religious groups" - Just something to consider, right? (27 points, 2 comments)
  6. 1471 points, 10 submissions: sandakersmann
    1. Charlie Shrem on Twitter: "If we don't implement bigger blocks ASAP, Paypal will be cheaper than #bitcoin. I already pay a few dollars per tx. Stop hindering growth." (472 points, 254 comments)
    2. Olivier Janssens on Twitter: "Do you like Bitcoin? Then you like an unlimited block size. The limit was put in place as a temp fix and was never hit before last year." (252 points, 189 comments)
    3. Ryan X. Charles on Twitter: "Bigger blocks will allow more people access to every aspect of bitcoin, enhancing decentralization" (213 points, 179 comments)
    4. Is Bitcoin Unlimited Headed for Activation? (149 points, 38 comments)
    5. Marius Kjærstad on Twitter: "High fees push real economy out of #Bitcoin and makes price driven by speculation. Result is a lower real economy floor to catch the knife." (132 points, 37 comments)
    6. No Primary Litecoin Pool Will Upgrade to Segwit, Says LTC1BTC's Founder (103 points, 60 comments)
    7. Charlie Shrem: "Bitcoin is been built to appreciate or die. That's how it is. It has to continue to grow. If it doesn't grow then it's just gonna go away." (76 points, 15 comments)
    8. G. Andrew Stone & Andrew Clifford: Bitcoin Unlimited (Episode 166) (36 points, 1 comment)
    9. Joseph VaughnPerling on Twitter: "#SegWit on $LTC's safe b/c low TX vol. AnyoneCanSpend TX UTXO unlikely to hit 51% attack cost. On $BTC it'd be insidiously fatal. @SegWit" (21 points, 8 comments)
    10. Bitcoin Plummets After China Launches "Market Manipulation" Investigations Of Bitcoin Exchanges (17 points, 0 comments)
  7. 1408 points, 7 submissions: BeijingBitcoins
    1. LOL - /bitcoin user claims that people aren't being actively silenced; is actively silenced. (307 points, 142 comments)
    2. Reality check: today's minor bug caused the bitcoin.com pool to miss out on a $12000 block reward, and was fixed within hours. Core's 1MB blocksize limit has cost the users of bitcoin >$100k per day for the past several months. (270 points, 173 comments)
    3. Satoshi: "The eventual solution will be to not care how big [block size] gets." (250 points, 75 comments)
    4. Top post on /bitcoin about high transaction fees. 709 comments. Every time you click "load more comments," there is nothing there. How many posts are being censored? The manipulation of free discussion by /bitcoin moderators needs to end yesterday. (229 points, 91 comments)
    5. Bitcoin Unlimited blocks at all time high! (143 of last 1000) (191 points, 56 comments)
    6. Censored in bitcoin: "Bitcoin Core hashrate reaches 79.7%" (91 points, 61 comments)
    7. Bitcoin Transaction Fees - All Time (70 points, 18 comments)
  8. 1235 points, 40 submissions: chinawat
    1. Julian Assange just used the bitcoin block number 447506 as a proof of life. (199 points, 42 comments)
    2. "$3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day!" -- Brewster Kahle on Twitter (97 points, 3 comments)
    3. ‘Barclays took my £440,000 and put me through hell’ | Money (76 points, 22 comments)
    4. Venezuelan Police Arrest Eight Bitcoin Miners in Two Weeks, and the Country's Leading Bitcoin Exchange Suspends Operations (52 points, 2 comments)
    5. The Path To $10,000 Bitcoin (46 points, 11 comments)
    6. How Deutsche Bank Made a $462 Million Loss Disappear (44 points, 6 comments)
    7. "The plan (#mBTC units) has been discussed amongst local #Chinese exchanges, & we believe it will appease the regulators, w/ "lower" prices." -- Bobby Lee on Twitter (43 points, 36 comments)
    8. "Everyone knows that we need to reduce the max block size, but is a one-time drop to 300 kB really the best way?" -- theymos (40 points, 68 comments)
    9. Buy bitcoin from any 7-11 in the Philippines (36 points, 0 comments)
    10. The Race Is On for a Bitcoin ETF (31 points, 14 comments)
  9. 1010 points, 17 submissions: 1and1make5
    1. Last 1000 Blocks - Bitcoin Unlimited overtakes soft-fork-segwit signaling (165 points, 25 comments)
    2. Again: Bigger Blocks Mean More Decentralization - Roger Ver (101 points, 59 comments)
    3. cnLedger on Twitter - "@todu77 Contacted http://BTC.TOP . A different logic was used when dealing w/ (very occasional) empty blc. They'll update to BU only" (94 points, 6 comments)
    4. Controlling your own wealth as a basic human right - Brian Armstrong (93 points, 30 comments)
    5. Last 1000 Blocks - 20% of the Bitcoin mining network supports Bitcoin Unlimited (89 points, 4 comments)
    6. BTC.top current hashrate: ~100 Ph/s (71 points, 5 comments)
    7. Throwback Thursday: BTC.top mined their first BU block 1 month ago with ~31 Ph/s, today they have ~149 Ph/s (68 points, 6 comments)
    8. Epicenter Bitcoin 166 - G. Andrew Stone & Andrew Clifford: Bitcoin Unlimited (63 points, 50 comments)
    9. Coinbase Obtains the Bitlicense (53 points, 19 comments)
    10. Fun fact (doesn't mean anything): In the last 24 hours more blocks have signaled support for Bitcoin Unlimited than soft-fork-segwit (53 points, 5 comments)
  10. 984 points, 20 submissions: seweso
    1. Bitcoin unlimited is an expression of freedom. And freedom will always be misconstrued by paternalists/statists as something dangerous. (120 points, 64 comments)
    2. My hope for Bitcoin Unlimited is not to force a hardfork upon everyone, but to break through the censorship, to open minds. (106 points, 88 comments)
    3. Core threatening a POW change makes absolutely no sense whatsoever. (97 points, 58 comments)
    4. "We will run a SegWit release in production by the time [a 2MB hardfork] is released in a version of Bitcoin Core." (94 points, 84 comments)
    5. Blocked by Peter Todd for pointing out he started the propaganda war with his slippery slope video. (92 points, 41 comments)
    6. I can't wait to spend everyone's SegWit funds on a hard-forked >1Mb chain. ~ Seweso (72 points, 72 comments)
    7. BashCo putting his Bitcoin ignorance on display by stating "60,000 #Bitcoin transactions don't just magically appear out of thin air. #spam" (66 points, 12 comments)
    8. Bitcoin Core developers discussing and deciding on Bitcoin economics again (47 points, 13 comments)
    9. Reaction to: why-bitcoin-unlimiteds-emergent-consensus-gamble (46 points, 9 comments)
    10. "@seweso Show me an instance where core pushed out a change and cost miners a block reward." ~ I can do that ;) (37 points, 6 comments)
  11. 883 points, 16 submissions: Shock_The_Stream
    1. Emin Gün Sirer: Finally getting to the crux of the battle. LN/Segwit/fee-market are a synonym for "high fees." Nothing about this tech requires high fees. (155 points, 78 comments)
    2. BTC.TOP !! - New Alltime High for BU blocks @199 ! BTC.TOP alone just mined 4 BU blocks within 47 minutes (115 points, 26 comments)
    3. The great halvening of Samson's Segwit Pool: Mission accomplished! 1 yr: 12.50%, 6 month: 11.10%, 1 month: 7.83%, 1week: 6.67%, 4 days: 6% (107 points, 56 comments)
    4. Surpise: SegWit SF becomes more and more centralized - around half of all Segwit signals come from Bitfury ... (107 points, 45 comments)
    5. BS of the week by Rusty Russell: "If segwit doesn't activate, something is badly broken in Bitcoin" (102 points, 97 comments)
    6. Slush pool: Incredible bad luck for the Bitcoin Unlimited voters (43 points, 26 comments)
    7. The Bitfury Attack (43 points, 38 comments)
    8. 799! Jiang Zhuo'er teared down this wall! (40 points, 13 comments)
    9. Did Slush just stop mining segwit with the 'don't care' voters? (39 points, 36 comments)
    10. Fortune favours the bold: BTC.TOP with 300% luck today (30 points, 2 comments)
  12. 754 points, 10 submissions: AQuentson
    1. Price Shoots Up as Miners Checkmate and Bitcoin Unlimited Surpasses Segwit. (113 points, 28 comments)
    2. One Transaction Will Cost $400 if Bitcoin Hits $10,000 According to Jameson Lopp (104 points, 39 comments)
    3. Bitcoin Core Developer: Satoshi's Design Doesn't Work (100 points, 78 comments)
    4. Wow! Had no idea the BitcoinMarkets subreddit is completely censored. (90 points, 29 comments)
    5. F2Pool Will Not Upgrade Its Bitcoin Pool to Segwit "Anytime Soon" (89 points, 21 comments)
    6. The Bitcoin Market Needs Big Blocks, Says Founder of BTC.TOP Mining Pool (82 points, 21 comments)
    7. Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog (72 points, 8 comments)
    8. ViaBTC's Hashrate Increases to 12 Percent (58 points, 2 comments)
    9. “The protocol debate is not my priority." - Jihan Wu, Bitmain's Founder (24 points, 13 comments)
    10. Wow! Almost $1 Billion Worth of Bitcoin is Stuck, Can't Move - What Happens if no Block is Found in One Hour (as has happened before) Will Bitcoin Literally Break Down? (22 points, 14 comments)
  13. 744 points, 10 submissions: BobsBurgers3Bitcoin
    1. Bitcoin Unlimited 1.0.0 has been released (274 points, 130 comments)
    2. Censored in r\Bitcoin: "35.8 Cents: Average Transaction Fee so far in 2017. The Average Transaction Fee in 2016 was 16.5 Cents" (260 points, 123 comments)
    3. 35.8 Cents: Average Transaction Fee so far in 2017. The Average Transaction Fee in 2016 was 16.5 Cents (74 points, 18 comments)
    4. Former Fed Employee Fined $5,000 for Using Computer for Bitcoin (37 points, 5 comments)
    5. Bitcoin: Why It Now Belongs in Every Portfolio (26 points, 0 comments)
    6. Bitcoin is 'a great hedge against the system' and could be the new gold (18 points, 1 comment)
    7. Bitcoin Will Change Money Like the Internet Changed Video (15 points, 0 comments)
    8. Is Warren Buffett Wrong About Bitcoin? (14 points, 3 comments)
    9. Bitseed Review – A Plug & Play Full Bitcoin Node (13 points, 2 comments)
    10. Bitcoin is soaring (and Business Insider does not change the title of the almost identical article published 3 weeks ago by the same author) (13 points, 1 comment)
  14. 732 points, 10 submissions: specialenmity
    1. Fantasy land: Thinking that a hard fork will be disastrous to the price, yet thinking that a future average fee of > $1 and average wait times of > 1 day won't be disastrous to the price. (209 points, 70 comments)
    2. "Segwit is a permanent solution to refuse any blocksize increase in the future and move the txs and fees to the LN hubs. The chinese miners are not as stupid as the blockstream core devaluators want them to be." shock_the_stream (150 points, 83 comments)
    3. In response to the "unbiased" ELI5 of Core vs BU and this gem: "Core values trustlessness and decentralization above all. Bitcoin Unlimited values low fees for on-chain transactions above all else." (130 points, 45 comments)
    4. Core's own reasoning doesn't add up: If segwit requires 95% of last 2016 blocks to activate, and their fear of using a hardfork instead of a softfork is "splitting the network", then how does a hardfork with a 95% trigger even come close to potentially splitting the network? (96 points, 130 comments)
    5. luke-jr defines "using bitcoin" as running a full node. Dictates that the cost of moving money ( a transaction) should exceed "using bitcoin". Hah (38 points, 17 comments)
    6. If it's not activating that is a strong evidence that the claims of it being dire were and continue to be without substance. nullc (36 points, 23 comments)
    7. I'm more concerned that bitcoin can't change than whether or not we scale in the near future by SF or HF (26 points, 9 comments)
    8. "The best available research right now suggested an upper bound of 4MB. This figure was considering only a subset of concerns, in particular it ignored economic impacts, long term sustainability, and impacts on synchronization time.." nullc (20 points, 4 comments)
    9. At any point in time mining pools could have increased the block reward through forking and yet they haven't. Why? Because it is obvious that the community wouldn't like that and correspondingly the price would plummet (14 points, 14 comments)
    10. The flawed mind of jstolfi (13 points, 17 comments)
  15. 708 points, 7 submissions: knight222
    1. BTC.TOP operator: “We have prepared $100 million USD to kill the small fork of CoreCoin, no matter what POW algorithm, sha256 or scrypt or X11 or any other GPU algorithm. Show me your money. We very much welcome a CoreCoin change to POS.” (241 points, 252 comments)
    2. For those who missed it, this is how the hardfork with Bitcoin Unlimited will happen. (173 points, 79 comments)
    3. Blocks mined with Bitcoin Unlimited reaching 18% (133 points, 28 comments)
    4. Bitcoin Unlimited is less than 1% away from outpacing Segwit for the last 1000 blocks mined (90 points, 44 comments)
    5. BU nodes peaked in the last days (28 points, 6 comments)
    6. Blockstream never tried to compromise but they will (too late). This is why: (22 points, 4 comments)
    7. BTC.TOP is having a good day (21 points, 6 comments)

Top Commenters

  1. Adrian-X (3622 points, 821 comments)
  2. H0dl (3157 points, 563 comments)
  3. Bitcoinopoly (2732 points, 345 comments)
  4. knight222 (2319 points, 361 comments)
  5. MeTheImaginaryWizard (2043 points, 429 comments)
  6. Ant-n (1818 points, 387 comments)
  7. todu (1756 points, 265 comments)
  8. seweso (1742 points, 328 comments)
  9. awemany (1690 points, 401 comments)
  10. Shock_The_Stream (1647 points, 217 comments)
  11. Helvetian616 (1578 points, 206 comments)
  12. Egon_1 (1478 points, 162 comments)
  13. realistbtc (1299 points, 95 comments)
  14. BitcoinIsTehFuture (1231 points, 139 comments)
  15. LovelyDay (1226 points, 196 comments)
  16. thcymos (1172 points, 117 comments)
  17. BeijingBitcoins (1098 points, 58 comments)
  18. Yheymos (1061 points, 69 comments)
  19. steb2k (1058 points, 238 comments)
  20. ydtm (987 points, 132 comments)
  21. dontcensormebro2 (975 points, 106 comments)
  22. chinawat (972 points, 223 comments)
  23. increaseblocks (934 points, 73 comments)
  24. segregatedwitness (921 points, 101 comments)
  25. Annapurna317 (874 points, 146 comments)
  26. DaSpawn (817 points, 162 comments)
  27. insette (808 points, 91 comments)
  28. TanksAblazment (803 points, 150 comments)
  29. blockstreamcoin (787 points, 133 comments)
  30. MeatsackMescalero (774 points, 95 comments)
  31. satoshis_sockpuppet (745 points, 126 comments)
  32. BitcoinXio (739 points, 50 comments)
  33. jstolfi (734 points, 183 comments)
  34. singularity87 (720 points, 90 comments)
  35. Richy_T (704 points, 163 comments)
  36. redlightsaber (690 points, 138 comments)
  37. Leithm (686 points, 74 comments)
  38. ErdoganTalk (668 points, 252 comments)
  39. BitcoinPrepper (665 points, 89 comments)
  40. reddaxx (664 points, 105 comments)
  41. r1q2 (660 points, 110 comments)
  42. papabitcoin (653 points, 79 comments)
  43. 2ndEntropy (632 points, 76 comments)
  44. FormerlyEarlyAdopter (608 points, 92 comments)
  45. Coolsource (595 points, 116 comments)
  46. Peter__R (589 points, 43 comments)
  47. timepad (570 points, 62 comments)
  48. Rawlsdeep (564 points, 109 comments)
  49. themgp (560 points, 46 comments)
  50. ForkiusMaximus (558 points, 89 comments)

Top Submissions

  1. Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. by parban333 (566 points, 87 comments)
  2. "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority" by Egon_1 (529 points, 262 comments)
  3. Charlie Shrem on Twitter: "If we don't implement bigger blocks ASAP, Paypal will be cheaper than #bitcoin. I already pay a few dollars per tx. Stop hindering growth." by sandakersmann (472 points, 254 comments)
  4. nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin. by parban333 (400 points, 207 comments)
  5. The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? by ydtm (354 points, 116 comments)
  6. LOL - /bitcoin user claims that people aren't being actively silenced; is actively silenced. by BeijingBitcoins (307 points, 142 comments)
  7. Massive censorship on "/bitcoin" continues by BitcoinIsTehFuture (296 points, 123 comments)
  8. Charlie Shrem on Twitter: "You can talk about anything in BTC and it won't be auto deleted" by BitcoinXio (291 points, 69 comments)
  9. Bitcoin Unlimited blocks exceed Core for first time, 232 vs. 231 of last 1,000 by DNVirtual (282 points, 84 comments)
  10. As relevant as it's always been by iopq (276 points, 15 comments)

Top Comments

  1. 151 points: nicebtc's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
  2. 123 points: 1DrK44np3gMKuvcGeFVv's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
  3. 117 points: cryptovessel's comment in nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin.
  4. 117 points: seweso's comment in Roger Ver banned for doxing after posting the same thread Prohashing was banned for.
  5. 113 points: BitcoinIsTehFuture's comment in Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons.
  6. 106 points: MagmaHindenburg's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
  7. 98 points: lon102guy's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
  8. 97 points: bigboi2468's comment in contentious forks vs incremental progress
  9. 92 points: vbuterin's comment in [Mark Friedenbach] There is a reason we are generally up in arms about "abusive" data-on-blockchain proposals: it is because we see the potential of this tech!
  10. 89 points: Peter__R's comment in contentious forks vs incremental progress
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

"What's with the Vertcoin price??"

A few weeks ago I sold some Vertcoin to my father. Not a huge amount, we're only talking about a couple of hundred VTC. I was very careful not to give him an over-zealous hard sell , though I admit it's probably difficult for someone like me who's enthusiastic about this coin to give an unbiased opinion. Anyway, I don't feel like I have any cause for remorse, because he's a big boy, and it was very much his own decision to buy VTC.
Predictably, today I received the email from him that I'd been expecting anytime now, asking "What's with the Vertcoin price?"
I ended up giving a fairly lengthy reply which I'll copy an paste below. The tl:dr would be that there are a handful of short term reasons that the Vertcoin price is being depressed right now, but there's also plenty of reason for optimism over the longer term.
For me, reading my email back was one of those positive experiences you have every once in a while when it really helps to get things down on paper. It made me feel more positive about Vertcoin, and I'm going to post it here in the hope that it may have the same positive effect on others.
So, here's my reply to my father:
"I can give you a few factors that are depressing the Vertcoin price right now:
  1. Bitcoin is up about 50% in 3 weeks. No doubt VTC >>> BTC has been a popular trade. So don't necessarily assume that VTC and BTC prices will move in lockstep.
  2. Anonymity seems all the rage right now. Darkcoin (DRK) has been the big winner in this regard recently. Again, this is no doubt accounting for some of the capital that might otherwise be invested in VTC. Interestingly the Vertcoin developers weighed the question of anonymity quite carefully a few months ago, and decided it wasn't the smart way to go, because it might hinder mainstream adoption. They decided to go for privacy instead of anonymity, and are due to launch a new feature called "stealth addresses" later this month. There is a clear but subtle difference between anonymity and privacy, and it will be interesting to see which strategy is the long term winner.
  3. Vertcoin has consistently been one of the most profitable coins to mine for the last few weeks. Every time I've looked on coinwarz.com, it's generally been sitting in the top 5 coins. As I mentioned to you previously, this isn't necessarily a good thing for the short term price of a coin, because it attracts more miners who are into dumping their freshly mined coins on the exchanges for Bitcoin, rather than holding.
  4. Inflation. There are just too many alternative currencies coming into existence all the time. Seems to be a new coin launch on a daily basis. Most of these coins are nothing more than pump 'n' dump scams, but they still represent a source of extreme inflation for alt coins collectively. You'd like to think that at some point people wise up and there will be a flight to quality, and in this regard I still haven't seen any other coins more promising than Vertcoin (of course I'll let you know if I do!).
4a. Proof of Stake (PoS) coins are all the rage right now. Vertcoin is a Proof of Work (PoW) coin, which as you know means that coins come into existence via miners like me. It can be argued that they have intrinsic value because of the capital equipment and ongoing electricity costs of miners. Another recent trend has been for coins that have a very short PoW mining phase, often for less than a month from launch, before switching over to PoS. PoS means that new coins come into existence in the form of interest on the position you already hold. In order to qualify for payouts, you simply have to have your wallet running 24/7, and this is how the "decentralized network" continues to operate. No mining necessary. Sounds like a great idea right? Gives you a warm fuzzy feeling of being more environmentally friendly than all those obsolete miners who are just needlessly wasting electricity. Right?
I see a very big flaw in all of these coins. It's a terrible model for distribution. If the big early adopters get the vast majority of all the new coins that come into existence, you end up with coins concentrated in fewer and fewer hands, and consequently fewer wallets open to support the network. Always remember that crypto-coins also derive value from network security. Longer term, all of these coins have this same inherent flaw. But they have short term appeal because they aren't inflating at the same rate as PoW coins.
  1. Summer in the Northern Hemisphere. Not an obvious factor, but hear me out! Much of the interest and enthusiasm for Vertcoin has been based on the assumption that a large chunk of mining power will be directed at it once ASICs crowd out the GPU miners that are still mining scrypt coins like Litecoin. Generally speaking, network hashrate correlates with price because higher hashrate=higher mining difficulty. These ASICs are allegedly starting to ship now. But, at the moment there are still other mining algorithms that don't have ASICs built for them yet. The big one is called X11 (this happens to be the Darkcoin algorithm), though there's also an X13. The mining software for these algorithms isn't well optimised for GPU mining, so because the GPU mining software can't fully use all the resources of a GPU, they actually run cooler and draw less power. If you assume that most miners live in the northern hemisphere, this has to make the other algorithms temporarily more attractive for anyone struggling with heat. Certainly, our garage is quite a hot place right now! So the anticipated mass migration of GPU miners to Vertcoin may be on hold, at the very least until the end of the summer, or until someone releases a much improved GPU miner for these algorithms.
Sorry for the long-winded answer, but you did ask!"
Stay positive Vertans!
submitted by depboy to vertcoin [link] [comments]

*per Request, My late night (12am) opinions on why we should have a bright outlook on Doge. *Warning* Wall of Text. Let the massacre begin =/

Our community is incredible. This is the #1 reason that every site and every person that discusses Dogecoin, gives for our success and potential. The #1 path to success for a currency is widespread adoption. We now have tipping apps in Reddit, Twitter, Facebook, and Steam and Mohland has set it up so that any site can add tipbot. The more people who have Doge in their "hands" the more people that will use/tip/desire more.
We have businesses all over that accept Doge.
Here are some sites:
1 Buy Doge easily http://weselldoges.com
2 Auction site http://www.suchlist.com/
3 Auction Site http://www.stuffcoins.com/doge/
Moolah is making(made?) it possible to pay for anything with cryptocurrencies . Moolah also has an escrow to protect buyer and seller. They are also working toward making it easier to purchase Dogecoins.
We have a great reputation as philanthropists and we sponsored a professional personality (Josh Wise) who has been great to our community and got us incredible exposure (a first).
Our price has proven incredibly stable overall. Think about it, we were pumped, but the "dump" took over 3 months. That means we have a community that while not rich, truly supports the coin. Part of what has caused the decline in price is the large number of fundraisers we have done in a short time, too many coins on the market instead of in wallets (I'm talking coins being dumped, not casually spent) leads to a decrease due to supply/demand. which leads us to...
The next halvening is a few weeks away, BUT... it will drop us to 62500 Doge, under 100k per block, will make a huge drop in dumping. Also there are sites that now mine other coins and pay in Doge like http://multi.pandapool.info/ . They mine X11 or scrypt(no doge dumping) and do the exchange for Doge/panda delivered to your wallet address. This gets Dogecoins off of exchanges dumped by other multipools.
Speaking of less coins available, at the halvening we will have around 85% coins mined, which leaves about 6 months to mine the last 15% before inflationary starts. Some say the deflationary blocks are against the spirit of Crypto/digital as Satoshi and libertarians who make up a large part of our community, desired non-inflationary vs. the fiat structure. The best part of inflationary blocks is the lessened effect of lost wallets/coins. Our coin will have a more stable price even if someone declares they lost their 100,000,000Ð wallet. We also won't face the shortages other coins may face if most are saved instead of spent. Look at the coin mintage numbers around 1930 at the start of the Depression, it certainly didn't help us come out with less money to circulate.
The hashrate has increased 45% or so, in the last week, partly due to ASICS, the halvening, and the fact that people have faith in Doge vs other Scrypt coins. Gaw miners is giving credit because Scrypt profits went down overall faster than they thought. Again, more faith in Doge.
The simplicity of our coin also makes it a great "entry level" coin, but also long term- we all know what we're getting/got. The coin community always looks to new coins for "features," "what does it bring?" But many of these neato coins do well for a while and then kinda drop off. Fluttercoin for example had a lot of different neat things, it spiked before a halving, then the price tanked. PoS coins follow the same pattern, release, cheap, mine mine, OMG PoW going away! Price Spike, pump N dump, then the coins drop drastically. Blackcoin hasn been somewhat of an exception, but I'm watching Cryptcoin. It just sucks when coins are only mineable for a week and by the time you even HEAR about them, the pools are shut down. Things like digi shield, or Fractal Coin has Slingshield which is supposed to move from 51% a 71% hashrate attack necessary. That may be good, but I haven't looked much into it. Gimmicky stuff is just that though, gimmicks.
Bitcoin blocks take about 10 minutes, difficulty adjusts for this, that means that a transaction will most likely take 7+ minutes to get 1 confirm. Dogecoin blocks take about 1 minute which means we are much faster. I did a few BTC transactions and had to wait the full 10 minutes, I bought some Doge from Weselldoges and I had my doge in about a minute. We win for speed. For volumes of cheaper items Doge wins.
We haven't seen much FUD since the big run a month ago, I guess they gave up at least for a while lol.
It appears we may have finally broken the tie to BTC price.
I know I'm forgetting something, but this should help =)
*I know I made some spelling mistakes. Also forgot a lot of stuff, it was 12am. From here
submitted by Forgototherpassword to dogecoin [link] [comments]

MAD Doge - April 9th 2014 - Functions, Random stuffs, etc.

Well that was a long delay.
I'm not even going to try and make an excuse, so I'll be posting a ton of videos instead. I've made them over the past few weeks and I just didn't upload them.

What's new:

Security of the DogeCoin Blockchain - Scrypt P.o.W. Algorithm , etc.

  1. The Mining / Proof of Work Algorithm
    • Currently DogeCoin is running on the Scrypt Proof of Work algorithm which was used by LiteCoin when the development of SHA-256 ASICs started with currently available FPGAs. You can easily google that data and check it out, but to sum it up, people were mining hardcore on graphics cards when somebody tried setting up an FPGA and blew away graphics cards in terms of efficiency, this ran FPGA prices through the roof, the rest is history.
    • The reason DogeCoin ran off of the Scrypt Algorithm was because SHA-256 coins are not very popular since very few want to mine them and Scrypt mining can be done by nearly anyone. In fact, many subscribers to /dogecoin still mine on CPU's.
    • The main purpose of the Scrypt Algorithm was to bring back mining to the average individual, initially scrypt mining could only be done on CPU's. Now that it is done on gaming graphics cards, it provides an excellent use of expensive gaming hardware when not playing games.
  2. DogeCoin Blockchain Security
    • Many are bringing up the topic of Blockchain security, 51% attacks, hashrate longevity, consistent block time, etc. The scare at the moment seems to be about hashrate longevity, users are suggesting that block rewards be increased to encourage more mining to keep securing the blockchain. Believe it or not, many alt-coins run on less than 1.5 gh/s, in fact FastCoin (FST), one of the most popular long-term alt-coins runs off of 133MH/s @ 12sec/block (665Mh/s when compared to DogeCoin's Block timing - 60 sec/block). Dogecoin can survive on a much smaller hashrate than what it currently has. However this brings a new problem, 51% exploits
    • 51% exploits have yet to occur except in difficulty nuking. One thing that many do not realize is that ASIC mining devices (sorry for bringing this up) allow for easier concentration of mining power, for example: BitCoinTalk user SFire has 25gh/s in Scrypt mining ASICs which caused the latest 51% scare at wafflepool. A solution to this would be to change the algorythm such that owning a large portion of the hashrate would be economically inconvenient.
  3. The scariest part is that nobody wants to do anything.
    • What really scares me and it should scare you too is that as time goes on, future updates are moving in the direction of LiteCoin as well as BitCoin. Since DogeCoin is getting very large, people are getting weary of changing the code or forcing a hard fork. Many want DogeCoin not to do anything about any current problems, it seems that the Multipool and selective mining issues of just a few weeks ago did not encourage people about future improvements. We are not holding our value because we choose not to change, but because we choose to do the hard things, looking at the coding and not holding anything back. We threw out random block rewards and the difficulty algorithm for goodness sake, how much more extreme could we have gotten?
    • People wan't us to become another BitCoin, but does BitCoin really offer us anything good? Is it Price, is it longevity, is it the fear of change? Look at where BitCoin is, $450 last time I checked and still dropping, people have lost confidence in it because it was pitched to them as an investment, not as a currency, not as something that was to be transferred. Lastly, it was treated as such by the IRS and now we're all paying the price. If we have at least one condolence it is that DogeCoin still shines a light in the dark world of CryptoCurrency, that is outshining all the problems and complexity that has been thrown around, thankfully DogeCoin whether or not it changes, will always be known as the first cryptocurrency of real trade.
That's all I'll say for tonight, thanks for reading and if you didn't. TLDR: DogeCoin always needs to improve
Thanks to all you reader(s) even if it's only me and Douglasman100
SHIBE ON!
submitted by DRKMSTR to MADDOGE [link] [comments]

[Discussion] Community, Development, and Price, and why Scrypt-N is Vertcoin's only failure.

TL;DR: Scrypt N's optimized so much for GPU's that the heat is turning miners off of this coin, and they are running to alternatives in X11, that while technically inferior, bring a greater return to profit. Difficulty is fading downwards below 100, which is bad. I suggest to make a temporary hacked X11-N, which, unless I am mistaken, should not be a massive project. X-11 will be asic mined within the next year, which is why we will migrate to Lyra2 still.
If we do not do this, Vertcoin will internally divide as we become increasingly desperate to save us from this endless price barrage. We need a pump to stay relevant in the Cryptocurrency Community. So, even that this is a temporary stop-gap, it must be done so that we don't get buried into irrelevancy by scamcoins. The community needs a pump badly, and X-11N will garner enough reinterest that miners will come back.
Take a look at www.CoinmarketCap.com. Karmacoin, NEMStake, jl777hodl, Infinitecoin all have higher market caps. What the hell are these scamcoins?!
Ridiculous. While this might be the best technical choice, it will allow for the CryptoCurrency community to pump us back to relevance,
We will fade to oblivion before 10/1/14 when Lyra2 will be implemented. Lyra2 will let us stay ASIC free for years, but we must get there first. X-11N will allow this to happen.
There has been so much talk recently in this forum surrounding how to change Vertcoin to raise its price.
So far the community has been split over a block maturation process, and now we are deciding whether to implement a shark bite subsidy into the block reward.
Before I begin this breakdown, I want to establish several facts of the cryptocurrency community.
  1. The cryptocurrency community is irrational. Darkcoin, Auroracoin, Dogecoin, Zetacoin, and most recently Reddcoin have all been pumped to extreme levels, and all have very poor technical development.
  2. Darkcoin is only coinjoin + master nodes which only serve absorb some of the suppy of the coin.
  3. All the rest, you can see for yourself that they have bad development. Argueably Reddcoin's PoSV could be argued as an innovation, but Reddcoin's massive instamine of a great chunk of its supply is proof enough of its pump and dump scheme.
  4. So, in comes Vertcoin. 0 - Premine, great dev, active and large community (4rd biggest on reddit). High results on google in "asic resistant coin."
  5. Reasonable inflation ( Bitcoin had the same, as did litecoin, and so does Monero which is 5x higher than Vertcoin today.)
  6. And our development recently has been the best of any coin. We can all agree that a432511 has done an amazing job bringing this coin new features. While we may not agree about some of the recent decisions, he has put a ton of effort and has done a lot for us recently.
So, whats going wrong?
Vertcoin has been the worst performer of the last 30 days.
I have invested enough to be hurt by this.
I originally invested in Vertcoin after hearing that ASIC's for Litecoin were shipping. I was not OK with more centralization through cutting edge manufacturing leaving the hash power in one entity.
The problem is unfortunately ironic. Our Scrypt-N algorithm is causing miners to leave. Too much heat, we are not a pleasure to mine. The community leaves to go to pump and dump coins because it is an inconvenience to mine.
So: Solution, quick hack job to switch to X11-N algo. This will give the community incentive to pump us back to relevance so that we can stay on the coinmarketcap list and not die a lonely death while other pump and dump coins garner community support.
submitted by BitcoinDN to vertcoin [link] [comments]

"I want to start GPU mining." Ok, but you can't mind scrypt (like DOGE) anymore. You have to mine other places.

(I love DOGE. DOGE got me into mining. What makes us fellow Shibes is NOT DOGE mining, it's the community. Have you looked at the LTCmining subreddit? It's dead, and you can't even talk about other coins. No one helps each other. Shibes are friendly and help. I'm holding about a quarter million DOGE, but I also want everyone here to see ROI on the GPU rigs)
Mining DOGE or LTC or any other scrypt coin with a GPU rig right now WILL NEVER GET YOU ROI! Does that mean GPU mining is dead? No. It just means it's moved. I GPU mined bitcoin back in the day (when it was about 1c per BTC), and then GPU mining moved to scrypt. Now it's scrypt-n or X11. GPU mining is a moving target, but to make money on it you HAVE to mine it BEFORE it's the most profitable thing.
Who made more money off DOGE, the people (like me) who mined it for 3 weeks straight when it was always in the top 5 most profitable coins, or the people that mined it in the early days when they were making $1 a day at current prices, but pulling in a million DOGE a week? Mining and holding at DOGE low, and then selling at 90% of the high would have netted you a TON of money.
Where is that now? X11 coins. Right now, just look at the last month for DarkCoin. I did the calculations. If I'd mined and held for 28 days and sold yesterday, I would have made approx $4167....in 28 days.
Now, THIS IS NOT A PROMISE OF FUTURE EARNINGS! I've been mining X11 at TradeMyBit for the last week and a half, and I've made about triple what anyone mining at wafflepool, clevermining, or any scrypt multipool is making.
I made a guide for anyone wanting to move to X11 a few days ago, and I just figured that I'd bring it up again.
submitted by Rawtashk to dogemining [link] [comments]

BTCPRO - Programs to help you captitalize on the rise of bitcoins.

[img]http://i.imgur.com/yWtOU1j.png[/img]
The following talks about the programs that we offer here at BTCPRO. Please read the following before installing our products just to make sure that they are for you. All of our products are free for non commercial use. If you have any questions about our products please feel free to send us a message here or with our contact us form on our website. http://btcdailytrader.com Updates: Trading Program v1.4 - Increased price refresh rate for 20% faster trades v1.3 - Added several more exchanges to supported list Prediction Program v1.1 - Now supports Altcoins Secure Wallet v1.9 - Added in Authy and Google Auth security Poll: What new feature would you like to have in our products? Trading program Ability to have it running on multiple exchanges 6 Votes Prediction Program SMS alerts when price drop or rise occurs 10 Votes Secure Wallet Mobile App 18 Votes BTCPRO Mining Chart of mining cost Vs profit 3 Vote MAKE YOUR CHOICE HEARD! TO JOIN IN ON THE POLL USE THE 'CONTACT US' PART OF OUR SITE! Our Products: 1. Prediction Program While working on our trade program we realized we could also make a prediction program using the same code. The bot takes many things into account to know when there will be a increase of decrease in cost of bitcoins and other cryptocurrency. We made this a stand alone program because we believe that some people do not trust a program to trade their valuable cryptocurrency for them and they want to do it themselves. With this program you could see a estimated prediction of 24 hours,15 days and 30 days. 2. Trading Program Our first program id like to talk about is our trading bot program. My colleague and I have spent 12 months working on this and we believe now it is almost perfect. The bot knows the right time to buy and sell bitcoins as it not only watches market cost increase and decrease but also buy and sell volume of bitcoins. In easier terms this trading program can sell before a crash is major increase is about to happening getting you on or off this bitcoin train ride. 3. Secure Wallet Our newest program we decided to make was a bitcoin wallet. This wallet has many features and we would like to see it become one of the most secure bitcoin wallets. With this you could create multiple passwords and encryption options available to secure your bitcoins. A pocket mode so you can keep bitcoins separate along with auto anonymizer for your bitcoins. If you need to send bitcoins secretly we also support stealth mode to keep your addresses private. 4. BTCPRO Mining Program This is not just a mining software for bitcoin but also for any Scrypt, X11 and X13 coins. Our mining software auto configures any GPU, ASIC, and FPGA miners. We also support custom parameters for more advanced miners that want to fine tune their mining. We tested this mining software on several GPUS and ACIS and seen a improvement of anywhere between 3-5% increase in hashrate. This small percent might not seem like a lot but if your someone that mines with a very high hashrate this small percent will definitely help your hashrate. Copyright © 2014 BTCPRO 
submitted by Paula114 to Bitcoin [link] [comments]

The Pool Is Made

Hello,
Today i announce you the opening of the beta of CryptoPool.OVH, a multi-coin pool and multipool actually on scrypt. We are base in West Europe and we are DDOS Protected. Our pool is fully anonymous and don't need any account !
We are preparing some additional functionnality and we gonna add coin.
Today we don't have any forum yet but you can use that threat to talk with us.
Today : - Dogecoin, Litecoin, Earthcoin, LycanCoin PROP 0% Fee Stratum Pool - MultiPool Scrypt PROP 0% Fee Stratrum Pool (Indexed on Cryptsy, Mintpal, Poloniex) - No Account Needed - Stable Server - Europe West Pool
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D3 ,A5 Dash x11 Mining UPDATE DEATH OF ASIC MINERS - YouTube DASH x11 Cloud Mining Contracts Now Back Instock at Genesis Mining Antminer D3 15GH Dash Miner X11 dashcoin mining ASIC miner Bitcoin биткоин Майнинг mining aliexpress 100 GPU BITCOIN Mining Rig Farm (X11, X13, X15, S-crypt chacha, n-factor) X11 Mining Profitability - Antminer D3 vs iBeLink DM22G vs Innosilicon A5 Dash Miner

After the implementation of SHA-256 (Bitcoin) ASIC and Scrypt ASICs (Litecoin); X11 was introduced in early 2014 to provide a more sustainable mining ecosystem for CPU & GPU miners. X11 was designed to be ASIC resistant. It is much complex than Bitcoin’s SHA-256 and it works by combining 11 different hashing algorithms (hence the number 11 in ... Calculate X11 (XC) mining profitability in realtime based on hashrate, power consumption and electricity cost. XC exchange rates, mining pools. $11,733.17 $63.44 $378.56 $126.08 $5.17 $75.81 $48.12 Follow @WhatToMine dark mode. GPU; ASIC; Coins New; ETH+ . ETH+HNS. Miners New; GPUs Contact; PoW phase over (lagging) X11 (XC) Bitcointalk Algorithm: X11 Block time: 1m 30s Last block: 62,547 Bl ... Also, be sure to check out the Bitcoin Talk channels and the Bitcoin Mining Reddit channels for feedback on each miner to ensure they are safe before downloading or using them. You may like: 20 Best Bitcoin Wallets. Top 10 Bitcoin Mining Software. Here are some of the top Bitcoin Mining Softwares, have a look: 1. CGMiner Command-line Bitcoin Miner. One of the most well-established pieces of ... Child Boards: Корзина, CPU/GPU Bitcoin mining hardware, Chinese students, Obsolete (buying), Obsolete (selling), MultiBit: Alternate cryptocurrencies. Altcoin Discussion Discussion of cryptocurrencies other than Bitcoin. Note that discussion of how these currencies *relate to* Bitcoin may fit in other categories. Moderator: mprep. 3139513 Posts 98074 Topics Last post by ansarose1 in Re ... X11 is an algorithm for mining cryptocurrency which uses 11 different hash functions. X11 algorithm is more complicated than a SHA -256 in Bitcoin, which prevented the use of ASIC miners for a time. Review of X11, ASIC Miners, Mining Pools list and etc.

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D3 ,A5 Dash x11 Mining UPDATE DEATH OF ASIC MINERS - YouTube

ASK QUESTIONS! I will try to help you the best that I can. Secure your Bitcoin with a Ledger Hardware Wallet: https://www.ledgerwallet.com/r/69a9 I use Jaxx ... cloud mining - easy ways to earn bitcoins cloud mining cloud mining btc cloud mining bitcoin 2017 best cloud mining best bitcoin cloud mining best cloud mining sites free bitcoin cloud mining ... This video is to learn how to install the X11 GPU Miner and start mining. Copy your Wallet address and paste into Start-Mining.bat after -u Prime-XI Thread -... Follow along as I jump into NiceHash cryptocurrency mining algorithms CryptoNight, X11, DaggerHashimoto, Scrypt, and a couple others. Send a sponsorship for ... D3 ,A5 Dash x11 Mining is it worth it PLEASE WATCH THIS VIDEO BEFORE INVESTING IN ASIC MINING HARDWARE FOR DASH X11 EW MINER FOR DASH ANTMINER D3 bitcoin b...

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