Bitcoin Mining Pool 2020 - die Anbieter und die Gefahren ...

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
[link]

Bitcoin: Binance Will Enter Bitcoin Mining Business With Its Own Pool, Coinbase Co-Founder Backs Plan to Build Crypto Link Between Bitcoin and Ethereum, Hyperbitcoinization Heads to Canada With New Voucher Redeemable in BTC Only / Biweekly update 22nd March — 5th April

Bitcoin: Binance Will Enter Bitcoin Mining Business With Its Own Pool, Coinbase Co-Founder Backs Plan to Build Crypto Link Between Bitcoin and Ethereum, Hyperbitcoinization Heads to Canada With New Voucher Redeemable in BTC Only / Biweekly update 22nd March — 5th April submitted by paradigmfund to Paradigm_fund [link] [comments]

Today we're excited to reveal Blockstream Mining and Pool, providing enterprise-class mining equipment colocation in our US & Canada data centers, and the first-ever BetterHash mining pool for a stronger, more decentralized Bitcoin network. 🌎⛏️⛓️

Today we're excited to reveal Blockstream Mining and Pool, providing enterprise-class mining equipment colocation in our US & Canada data centers, and the first-ever BetterHash mining pool for a stronger, more decentralized Bitcoin network. 🌎⛏️⛓️ submitted by blockstream_official to Bitcoin [link] [comments]

Today we're excited to reveal Blockstream Mining and Pool, providing enterprise-class mining equipment colocation in our US & Canada data centers, and the first-ever BetterHash mining pool for a stronger, more decentralized Bitcoin network. 🌎⛏️⛓️

Today we're excited to reveal Blockstream Mining and Pool, providing enterprise-class mining equipment colocation in our US & Canada data centers, and the first-ever BetterHash mining pool for a stronger, more decentralized Bitcoin network. 🌎⛏️⛓️ submitted by vegasbooty to Cryptoandme [link] [comments]

Introducing BTC Canada - Canada's Only Bitcoin Mining Pool!

Hello Reddit, I'm very happy to announce my brand new Bitcoin mining pool - BTC Canada! You don't have to be Canadian to join - we welcome miners worldwide (though your latency will likely be better if you're in North America).
As our pool is very new, we are currently looking for early adopters to help us build or processing power and userbase. Our first users will also have early access beta features as we add them!
Some examples of features in the pipeline:
Pool info:
How can you join us?
Thanks a lot for your support! With your help, we can grow BTC Canada into Canada's premiere Bitcoin mining pool.
submitted by LoganFuller to Bitcoin [link] [comments]

Introducing BTC Canada - Canada's First Bitcoin Mining Pool!

Hello Reddit, today I'm very happy to announce my brand new Bitcoin mining pool - BTC Canada! Never heard of Bitcoins? Interested, but don't know how to start? Check out www.weusecoins.com.
As our pool is very new, we are currently looking for early adopters to help us build or processing power and userbase. Our first users will also have early access beta features as we add them!
Some examples of features in the pipeline:
Pool info:
How can you join us?
Thanks a lot for your support! With your help, we can grow BTC Canada into Canada's premiere Bitcoin mining pool.
submitted by LoganFuller to uwaterloo [link] [comments]

Introducing BTC Canada - Canada's Only Bitcoin Mining Pool!

Hello Reddit, I'm very happy to announce my brand new Bitcoin mining pool - BTC Canada! You don't have to be Canadian to join - we welcome miners worldwide (though your latency will likely be better if you're in North America).
As our pool is very new, we are currently looking for early adopters to help us build or processing power and userbase. Our first users will also have early access beta features as we add them!
Some examples of features in the pipeline:
Pool info:
How can you join us?
Thanks a lot for your support! With your help, we can grow BTC Canada into Canada's premiere Bitcoin mining pool.
submitted by LoganFuller to BitcoinMining [link] [comments]

MiniSwap -- A New Hybrid Incentive Model in DeFi

Cryptocurrency exchanges process over $20 billion in trade volume per day. Most of the transactions are going through centralized exchanges, where the users need to fully trust them for managing their assests and transactions. However, the risk of trusting these centralized exchanges has also been seen. For example, QuadrigaCX, which was the largest cryptocurrency exchange in Canada, lost $19 million of their customers' assets [1].
Decentralized Exchanges (DEXes) have been introduced to address this problem -- they allow traders to purchase and sell cryptocurrencies in a peer-to-peer manner, so no involvement of any trusted party is required. Atomic Swap is one of the promising technology for implementing a DEX. While it enables pure peer to peer trading, it also introduces problems such as unfairness and long confirmation latency. While existing work [2] has provided a solution towards a fair atomic swap protocol, the issue of long confirmation latency is inherent.
Another promising direction is leveraging liquidity pools. With liquidity pools, pairs of assets are reserved for trading. For any pair of assets supported by the liquidity pool, traders can exchange their assets without any third party. As traders can only perform the transactions if there are reserved assets, one core problem is how to attract liquidity providers to provide liquidity by reserving assets. It is not difficult to see that incentive [3,4], which has been a key component of all permissionless blockchains, can be equipped to incentivize liqudity providers. However, flawed incentive designs will lead to attacks and other concerns [5-13].
There are two main types of incentive designs, namely "trans-fee mining" and "liquidity mining". They are different from the Proof-of-X mining in blockchains for reaching consensus (a detailed analysis can be found in the survey [14]). Rather, they are used to incentivise users to join the ecosystem.
"Trans-fee mining" was proposed by FCoin in 2018 [15]. With FCoin, each time a transaction is created, 100% of its transaction fee will be returned in FCoin token to the payer as a reward. This is one incentive design to encourage traders to join the system. However, as FCoin may have no value to the trader, FCoin also introduces extra reward to all coin holders -- 80% of the transaction fee in its native currency (such as ETH) will be distributed to all coin holders. So, traders are incentivized to join the system, becoming a holder of FCoin token, and obtaining a share of the transaction fee of every transaction in the FCoin ecosystem.
While this had successful attracted traders, it is not sustainable. Rather than charging a trader to perform transactions, FCoin rewards traders. Profit-driven traders will create transactions at full speed to earn FCoin token and the share as a token holder. Indeed, the trading volume of FCoin was the top one among all exchange services, and the daily reward can be as high as 6000 BTC [16]. However, once all coins are minted, then the system would lose liveness as there is not enough supply to be distributed.
"Liquidity mining" aims at giving reward to the liquidity providers rather than the traders. There are different ways to implement liquidity mining. Compound [17] is a famous example of protocols deploying liquidity mining. With Compound, users become a liquidity provider by supply assets to a pool and obtain interests for its contribution (similar to depositing money into a bank). Liquidity providers first reserve some assets in the pool and obtain "cToken" of Compound which entitles the owner to an increasing quantity of the underlying asset. Users can use their "cToken" to borrow different assets available on the Compound and pay some interests to Compund. The borrowers may have some quick gains through the financial games [18]. Both borrowers and liquidity providers can withdraw their asset by trading them back with "cToken". Oners of "cToken" can also manage the business direction and decisions of Compound through weighted voting. The potential concern here is that rich users might be able to take over the control of the system.
Uniswap [19] is another popular DEX deploying liquidity mining. Uniswap incentivizes liquidity providers by giving them a share of the earned transaction fees. In particular, Uniswap changes each transaction a 0.3% fee, where 0.25% will be distributed to the liquidity providers, and 0.05% will go to the Uniswap account. One issue is how to incentivize traders. With Uniswap, traders are incentivized by the potential profit it can gain through the price difference between Uniswap and other exchanges. Uniswap price oracle is based on a constant function market makers [20,21], where the product of the number of reserved tokens is a constant. For example, if Uniswap has a pair of X token A and Y token B, then when a user using X' token A to buy Y' token B, the product of the reserved number of tokens should remain the same, i.e., XY = (X+X')(Y-Y'). The price of Uniswap (V1) is also defined in this way. This allows traders to speculate in the exchange market as the asset price on Uniswap is changed dynamically and is different from other exchanges. This, on the other hand, may have a security risk as the price can be easily manipulated. Uniswap (V2) fixed this problem by taking an accumulated price over a period of time [22]. However, as speculation/manipulation becomes harder, the trading volume may decrease.
MiniSwap [23] introduces a hybrid model (a mixture of "trans-fee mining" and "liquidity mining") to address the above issues. MiniSwap provides three types of rewards. For each trade with transaction fee f ETH in MiniSwap, a number of MiniSwap tokens (called MINI) worth 2f ETH will be minted. A (parameterized) portion of the tokens are given to the trader, and the rest are distribued to the liqudity providers. The transaction fee (f ETH) is used to exchange MINI in the liquidity pool. 50% of the obtained MINI will be distributed to all MINI holders, and the other 50% will be destroyed. In this way, both traders and liquidity providers are incentivized to join the ecosystem.
Recall that with FCoin, there is a problem when all coins are minted. MiniSwap has an upper bound (of 500,000 tokens) on the number of tokens can be created every day, and this limit reduces every month until a point where the limit (18,000 tokens) remains unchanged. This guarantees the sustainability of the system as the mining process can last for 100 years. The parameterized ratio of tokens as the reward to the trader and liquidity provider can also strengthen sustainability. It enables the system to dynamically balance the incentive of different parties in the system to make it more sustainable.
Overall, the MiniSwap hybrid model has taken the benefit of both "trans-fee mining" model and "liquidity mining" model, while eliminated the potential concerns. Formally defining and analyzing these models, e.g. through the game-theoretic approach [24], would be an interesting direction.
Reference
[1] The Guardian, Cryptocurrency investors locked out of $190m after exchange founder dies, 2019.
[2] Runchao Han, Haoyu Lin, Jiangshan Yu. On the optionality and fairness of Atomic Swaps, ACM Conference on Advances in Financial Technologies, 2019.
[3] Satoshi Nakamoto. 2008. Bitcoin: a peer-to-peer electronic cash system
[4] Jiangshan Yu, David Kozhaya, Jeremie Decouchant, and Paulo Verissimo. Repucoin: your reputation is your power. IEEE Transactions on Computers, 2019.
[5] Joseph Bonneau. Why Buy When You Can Rent? - Bribery Attacks on Bitcoin-Style Consensus. Financial Cryptography and Data Security - International Workshops on BITCOIN, VOTING, and WAHC, 2016.
[6] Yujin Kwon, Hyoungshick Kim, Jinwoo Shin, and Yongdae Kim. Bitcoin vs. Bitcoin Cash: Coexistence or Downfall of Bitcoin Cash, IEEE Symposium on Security and Privacy (SP), 2019.
[7] Kevin Liao and Jonathan Katz. Incentivizing blockchain forks via whale transactions. International Conference on Financial Cryptography and Data Security, 2017.
[8] Ayelet Sapirshtein, Yonatan Sompolinsky, and Aviv Zohar. Optimal Selfish Mining Strategies in Bitcoin. Financial Cryptography and Data Security, 2016.
[9] Ittay Eyal and Emin Gün Sirer. Majority Is Not Enough: Bitcoin Mining Is Vulnerable. Financial Cryptography and Data Security, 2014.
[10] Ittay Eyal. The Miner’s Dilemma. IEEE Symposium on Security and Privacy, 2015.
[11] Miles Carlsten, Harry A. Kalodner, S. Matthew Weinberg, and Arvind Narayanan. On the Instability of Bitcoin Without the Block Reward. ACM SIGSAC Conference on Computer and Communications Security, 2016.
[12] Kartik Nayak, Srijan Kumar, Andrew Miller, and Elaine Shi. Stubborn mining: generalizing selfish mining and combining with an eclipse attack. IEEE European Symposium on Security and Privacy, 2016.
[13] Runchao Han, Zhimei Sui, Jiangshan Yu, Joseph K. Liu, Shiping Chen. Sucker punch makes you richer: Rethinking Proof-of-Work security model, IACR Cryptol. ePrint Arch, 2019.
[14] Christopher Natoli, Jiangshan Yu, Vincent Gramoli, Paulo Jorge Esteves Veríssimo.
Deconstructing Blockchains: A Comprehensive Survey on Consensus, Membership and Structure. CoRR abs/1908.08316, 2019.
[15] FCoin, https://www.fcoin.pro
[16] The Block Crypto. Cryptocurrency exchange Fcoin expects to default on as much as $125M of users' bitcoin, 2020.
[17] Compound, https://compound.finance.
[18] Philip Daian, Steven Goldfeder, Tyler Kell, Yunqi Li, Xueyuan Zhao, Iddo Bentov, Lorenz Breidenbach, Ari Juels. Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges. IEEE Symposium on Security and Privacy, 2020.
[19] Uniswap. https://uniswap.org
[20] Bowen Liu, Pawel Szalachowski. A First Look into DeFi Oracles. CoRR abs/2005.04377, 2020.
[21] Guillermo Angeris, Tarun Chitra. Improved Price Oracles: Constant Function Market Makers, CoRR abs/ 2003.10001, 2020.
[22] Uniswap V2.0 whitepaper. https://uniswap.org/whitepaper.pdf
[23] MiniSwap. https://www.miniswap.org
[24] Ziyao Liu, Nguyen Cong Luong, Wenbo Wang, Dusit Niyato, Ping Wang, Ying-Chang Liang, Dong In Kim. A Survey on Blockchain: A Game Theoretical Perspective. IEEE Access, 2019.
submitted by MINISWAP to u/MINISWAP [link] [comments]

You Asked for It: Fundamental Reasons for Crypto to Explode

No triangles or memes here but if we look at the graph that everyone knows, https://i.imgur.com/y2oqsV8.png, I can tell you why I believe we are in the bear trap phase, and not the despair phase.

Smart Money: People like you, me, friends/family we convinced to get in, whales (rich trust fund kids/hedge funds) that were "smart" to realize the potential of cryptos while Joe Shmo is just hearing of it and thinks its a scam or just too risky.

Institutional Investors: The same week that bitcoin futures was launched is when the price of bitcoin popped and it all went downhill from there, putting us into the bear trap. We are still in the institutional phase and we just had a huge announcement to get us out of the bear trap, that being Fidelity is providing a platform for institutional investors. SEC rules require institutional investors to maintain their assets with a third-party “qualified custodian”. Before Fidelity, the only place that had this was coinbase and that was launched last summer, but no large institution is going to want to use coinbase, just type in coinbase in google and you will hear countless nightmare scenarios (flash crashes, servers crashing during the most crucial trading times, security issues, locked accounts, you name it). Just imagine how difficult it would be for an institution, let alone their clients, to trust Coinbase with millions if not billions of their dollars. Hell you can't even talk to someone over the phone with Coinbase (except for "unauthorized access to your account"). Fidelity is providing a trustful platform for them (tons already use fidelty, its the fifth largest investment company in the world and if its coming here, you can bet its coming to other places like vanguard and blackrock (experts are saying this as well). Another reason they wouldn't want to use Coinbase is for liquidity. Meaning they don't want to have their money in two different places. If they put it in Coinbase, they can only buy crypto with it, well these guys like to move their money around a lot and don't want to be tied to one type of asset. If everything is in one account they can do as they please.

Public Phase: This is when crypto trading comes to places that most people already have access to like Charles Schwab, E-trade, fidelity (retail), and currently robinhood (after they just removed the waiting list in January 2019. Joe Shmo would be much more comfortable buying something from a place he has been using for years but also not having transfer money out of his investment account into another account (bigger deal than you think, its a big step transferring money into coinbase and a much bigger step putting money back into Coinbase after you removed it from there).

China (not a significant reason and pretty speculative): Their HSI stock market index has been only increased 5% since 2015. The nasdaq 100 has increased by 65% in the same time. Investors in China are growing impatient and irritated by the stagnant market. To combat this (and to protect their money from their government) they have been buying up properties like crazy in the US and Canada over the past few years. However the housing market has also been stagnate for the past year. Couple this with the year of the pig (hear me out). The Chinese are VERY superstitious, ask any Chinese person that is actually from China. They don't even have 13th floors in their buildings because its an unlucky number (they just skip that floor number, you would be called stupid and insane here if you did that), they also don't want a house with the front door facing the street because then their "money will run away", and for 8888 yuan ($1,300) was a major resistance level for Bitcoin because the number 8 is considered their lucky number and they would sell at this price. The year of the pig symbolizes a year that brings great wealth, they will use this as a reason to invest (call me crazy, I don't care), but remember that the Chinese have 50% of the money in the world. We also know that China also has 80% of the bitcoin mining pools, and more importantly that 20% of the cypto volume comes from China.

Japan: Their largest bank, MUFG, 5th largest in the world, is developing a cryptocurrency that can handle a million transactions a second. They need to have this in time for the 2020 Summer Olympics because Japan's current financial system won't be able to handle the volume of transactions they expect during the event. Also its a solution to the government's plan to go cashless by 2025. We know that 40% of the crypto trading volume comes from Japan and so if Japan replaces cash with cryptos or even just becomes part of the economy, well then we know what this means.

Lastly here is a technical analysis showing that we have hit bottom because BTC used the 200 moving week average as a support (couldn't show this with ETH because it hasn't been around long enough but we know ETH and BTC are correlated).
https://i.imgur.com/4gTu8fS.png

If we really are in a bear trap, I speculate the price could go to $4,200 by the end of 2020.

For those who want to follow me https://twitter.com/ScienceGuy9489
submitted by ScienceGuy9489 to ethtrader [link] [comments]

Thanks for the taxes. We don't give a fuck about your business

This is an all-too-familiar sentiment from government to Canada's startup (specifically bitcoin-startup) community.
On March 27th, 2020 the Prime Minister proudly announced a $40,000 government backed loan.
"For small businesses, there's a $40,000 loan of which $10,000 will not have to be repaid if they meet certain conditions. There are many things we're doing out there with low interest or no interest loans to help businesses get through this, but the wage subsidy and the Canada Emergency Response Benefit for people who lose their jobs are going to be there to make sure that we come through this strongly." ref
Prime Minister Justin Trudeau holds a news conference while in self-isolation at Rideau Cottage in Ottawa Friday, March 13, 2020. (Fred Chartrand/The Canadian Press)
I, like many small business owners, let out a sigh of relief as we have all seen revenues vanish over the previous weeks following the necessary public health measures put into place. That $40,000 meant one more payroll run. Maybe it made up for the payables or rent that was coming due in 4 days. A $40,000 injection of "worry-about-it-later" money would mean breathing room. The equivalent of a pool noodle while wading in the middle of the ocean. Enough to keep you thinking "you can do this".
Banking is hard to come by as a bitcoin/fintech startup. We are not "welcomed into the traditional banking atmosphere with open arms" regardless of our balance sheets or longevity. Even the bank for Alberta's Entrepreneurs (which promotes their "blockchain friendliness") refuses to work with businesses that touch cryptocurrency.
Hi Adam - hope all is well. What is wrong with the markets and BTC as a safe haven ? You did mention a few months ago that we will see sub $6k soon and I wasn't sure how … well you were right. You are an Oracle.
Regarding banking - When me and [redacted ATB employee] met you, we extended the offer to help out and support your retail banking needs. You decided not to take it. I just heard back from our Compliance team that their Pause extends to all retail accounts as well. Basically, anything that touches crypto / even personal accounts is not supported right now.
Unfortunately, I can't help and I am sorry. Hopefully, if the markets turn positive / and pause is lifted / I can try to seek support for your retail and business needs. For now, it is a full stop.
I am also moving to a new role at ATB this week and not sure who would manage the crypto portfolio. I will keep you looped in.
best,
[redacted ATB employee]
So forget ATB, I thought SURELY the Business Development Bank of Canada (BDC) would be there to lend a helping hand during this unprecedented economic and health crisis. The fact that our revenue dropped nearly 70% week-over-week with the onset of the pandemic, and the fact that I have paid well into the six figures in provincial and federal taxes last year would mean that, during these hard times, Canada's Small and Medium Sized Business savior wouldn't be as prejudiced. I was wrong. One week after my application went unanswered I was put in touch with a rep through a personal connection of mine. Within minutes a chipper response pinged my inbox:
Hi Adam
Happy to try and help you. Can you send 2 years of Financial statements to me and:
How much do you need?
What are your revenue expectations during and after the crisis - do you have a budget and cashflow projections?
What would be your ball park cash burn rate per month for the next few months/
Thanks - when I get these I will see if it will be me or another colleague that will be able to help and then we will reach out to arrange a zoom chat.
Best,
Moments later, before I could prepare the info, he followed up (even threw in an emoji)
Hi Again - more info below Best
This is the latest from CRA and all the links you'll need to understand and apply😊
https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html#h2
https://www.bakertilly.ca/en/btc/publications/taxflash-temporary-wage-subsidy-for-employers
https://www.taxtemplates.ca/wage-subsidy/
I thought we had it. I thought my country 🇨🇦 was coming to my rescue to help me and my 11-person locally-employed team pay the bills for a few more weeks. Until I received a third follow up…
Hi Adam
I just reached out to our Tech Finance Manager and unfortunately we are unable to Bitcoin clients as our board has deemed them ineligible due to potential money laundering. I am very sorry - this is news to me. Being a Crown Corp we have very strict rules. I think you can still access some Federal support though via some of the links I sent earlier.
Best Wishes to you and yours,
Potential. Money. Laundering.
You'll notice he does not ask for my documentation (FINTRAC Registration as a Money Services Business) which should be the first step to verifying that our business goes above and beyond to prevent the money laundering that they claim to be concerned about. Despite sending him our industry-leading policies and FINTRAC Registration the final response was polite but stern:
Morning - Thx for the info. Policy such as this are from the Board of Dir's and Minister of Industry. But things change - I now have hemp clients. It will take time though. When we get to the other side, I would love to have a beer with you and [redacted personal connection name] and learn more about your biz and future. I personally believe crypto will be a important solution in rebuilding the world economy.
Best,
And that was apparently that. However, you don't get to be one of Canada's leading Bitcoin ATM companies without a little bit of grit and resilience. So I tried again through conventional channels. This time the response was just as useless but even more robotic (you'll notice they spelled my last name wrong…)
Dear Mr. O`Brian,
Thank you for submitting a request for financing. After examination of your application, we regret to inform you that BDC is not able to provide financing for your business.
We understand how deeply the COVID-19 situation is affecting. However, we are unable to respond positively to your request that does not meet the eligibility criteria.
An evolving situation
As the COVID-19 situation continues to evolve, BDC's response is evolving as well and we are working closely with government, financial institutions and our partners.
Ensure that you have spoken to your primary financial institution to see if they are able to help with financing:
As you may know, additional measures to support entrepreneurs have been announced by the Government of Canada, including anew Canada Emergency Business Account as well as a SME Loan and Guarantee Program. As these programs are not administered by BDC, your primary financial institution is best suited to assess if you may benefit from these relief measures as they get deployed shortly.
For the latest updates by the Government of Canada on COVID-19, visit Resources for Canadian businesses: COVID-19.
Thank you,
This response left me frustrated. How could it not? How could our small, innovative, and incredibly compliant business not be within the "guidelines" set out by Mr Trudeau last week? My response was heated:
This is extremely frustrating.
The fact that I am denied help, despite paying 100s of thousands in taxes, is discouraging. Why do you take my tax money, but then deny my eligibility based on "crown rules". The eligibility criteria of BDC should be companies that are striving to employ local workers with cutting edge business practices and revolutionizing the world. All of which we do (and have been doing for 7 years)
I know you will cite "compliance", and yet refuse to look at my compliance manual. A policy that was written by a previous compliance officer from a schedule 1 "big 5" bank. A policy that has been approved by 2 third party auditors. A policy finalized by my Chief Compliance Officer with 10+ years as a compliance master who has prevented millions of dollars worth of fraud AND played a key role investigating.
It is disappointing to see you promoting the narrative that you are "for entrepreneurs" when in fact I have found it to be quite the opposite. We are a licensed money service business and I personally spend my time working with local authorities educating them how to prevent fraud within this space. Yet somehow I've been labeled "ineligible" for assistance when I really need it. What is the point of innovating? Is "the first guy through the wall gets the bloodiest" really the narrative you support? "Don't think outside the box because we don't like that?"
The prejudice of the BDC towards alternative financial companies is disappointing to say the least.
I would appreciate your response, though if past experience has taught me anything I know better than to expect one.
Perhaps the Canadian business environment is not one that is as friendly as you promote.
Stay healthy,
Adam
As you might have guessed this went unanswered (though the robots did manage to regurgitate the exact same original message) and here we are. My initial sentiment from the most recent response to the BDC remain. What is the point of innovating? Why do I spend tens of thousands of dollars every single year to ensure that our compliance is industry-leading? Why do I spend hours and hours working (for free) with local authorities to educate them about Bitcoin and how to prevent fraud? Why do I stretch my hand out so far only to have it slapped when I am looking for the same support everyone else is getting? I've endured years of prejudice from the traditional banking industry. I've built an incredibly successful business that exclusively employs local labour even though it would be all too "easy" to off-shore the work. We've paid our taxes, donated to the community all without the help of the bank's lending products, but being denied support relief during this unprecedented crisi due to "potential money laundering" is as prejudicial as it gets.
All of this to ask, Mr. Morneau, will these subsidies affect my taxes? I understand the economic cash injection. As a whole, I am onboard with the injection to help stimulate the economy. But we all know who will end up paying for it. We all know that money doesn't grow on trees (it's printed dummy) and that it will eventually have to be paid back in some capacity… which will eventually be through increased taxes. Taxes that hard-working citizens continue to pay every year. If only you knew how much you were contributing to Bitcoin's adoption…
Finally, dear reader, I beg you to think. Listen to my story and ask yourself "is my industry next?" "Can I trust them with my taxes… can I trust them with my money?" I fully believe what I am experiencing is a direct extension of the reason Bitcoin was created. Bitcoin exists to give its owners choice. A choice that doesn't exist with fiat money, printed at will by a centralized body of power. Right now the majority of "industry" is getting help, the government is listening to their people. I am unfortunately in the minority. My business is too edgy. My business is too "risky". My business doesn't deserve help. Will your industry, your business, your pension, your family be next?
Adam | www.bitcoinsolutions.ca
submitted by btcsolutionsca to Bitcoin [link] [comments]

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

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

You Asked for It: Fundamental Reasons for Crypto to Explode

No triangles or memes here but if we look at the graph that everyone knows, https://i.imgur.com/y2oqsV8.png, I can tell you why I believe we are in the bear trap phase, and not the despair phase.
Smart Money: People like you, me, friends/family we convinced to get in, whales (rich trust fund kids/hedge funds) that were "smart" to realize the potential of cryptos while Joe Shmo is just hearing of it and thinks its a scam or just too risky.
Institutional Investors: The same week that bitcoin futures was launched is when the price of bitcoin popped and it all went downhill from there, putting us into the bear trap. We are still in the institutional phase and we just had a huge announcement to get us out of the bear trap, that being Fidelity is providing a platform for institutional investors. SEC rules require institutional investors to maintain their assets with a third-party “qualified custodian”. Before Fidelity, the only place that had this was coinbase and that was launched last summer, but no large institution is going to want to use coinbase, just type in coinbase in google and you will hear countless nightmare scenarios (flash crashes, servers crashing during the most crucial trading times, security issues, locked accounts, you name it). Just imagine how difficult it would be for an institution, let alone their clients, to trust Coinbase with millions if not billions of their dollars. Hell you can't even talk to someone over the phone with Coinbase (except for "unauthorized access to your account"). Fidelity is providing a trustful platform for them (tons already use fidelty, its the fifth largest investment company in the world and if its coming here, you can bet its coming to other places like vanguard and blackrock (experts are saying this as well). Another reason they wouldn't want to use Coinbase is for liquidity. Meaning they don't want to have their money in two different places. If they put it in Coinbase, they can only buy crypto with it, well these guys like to move their money around a lot and don't want to be tied to one type of asset. If everything is in one account they can do as they please.
Public Phase: This is when crypto trading comes to places that most people already have access to like Charles Schwab, E-trade, fidelity (retail), and currently robinhood (after they just removed the waiting list in January 2019. Joe Shmo would be much more comfortable buying something from a place he has been using for years but also not having transfer money out of his investment account into another account (bigger deal than you think, its a big step transferring money into coinbase and a much bigger step putting money back into Coinbase after you removed it from there).
China (not a significant reason and pretty speculative): Their HSI stock market index has been only increased 5% since 2015. The nasdaq 100 has increased by 65% in the same time. Investors in China are growing impatient and irritated by the stagnant market. To combat this (and to protect their money from their government) they have been buying up properties like crazy in the US and Canada over the past few years. However the housing market has also been stagnate for the past year. Couple this with the year of the pig (hear me out). The Chinese are VERY superstitious, ask any Chinese person that is actually from China. They don't even have 13th floors in their buildings because its an unlucky number (they just skip that floor number, you would be called stupid and insane here if you did that), they also don't want a house with the front door facing the street because then their "money will run away", and for 8888 yuan ($1,300) was a major resistance level for Bitcoin because the number 8 is considered their lucky number and they would sell at this price. The year of the pig symbolizes a year that brings great wealth, they will use this as a reason to invest (call me crazy, I don't care), but remember that the Chinese have 50% of the money in the world. We also know that China also has 80% of the bitcoin mining pools, and more importantly that 20% of the cypto volume comes from China.
Japan: Their largest bank, MUFG, 5th largest in the world, is developing a cryptocurrency that can handle a million transactions a second. They need to have this in time for the 2020 Summer Olympics because Japan's current financial system won't be able to handle the volume of transactions they expect during the event. Also its a solution to the government's plan to go cashless by 2025. We know that 40% of the crypto trading volume comes from Japan and so if Japan replaces cash with cryptos or even just becomes part of the economy, well then we know what this means.
Lastly here is a technical analysis showing that we have hit bottom because BTC used the 200 moving week average as a support
https://i.imgur.com/4gTu8fS.png
If we really are in a bear trap, I speculate the price could go to $100,000 by the end of 2020.
For those who want to follow me https://twitter.com/ScienceGuy9489
submitted by ScienceGuy9489 to CryptoCurrency [link] [comments]

M-N 1k-5k

m0xyy M0Zark M14Gang M1Finance M1Rifles M2Kgifs M59Gar m83 MAA MAABMakeup Mac4491 macarons Macau macbookair macedonia macgyver MacGyverThis Machine_Embroidery MachineGunKelly MachineLearningJobs MachineLuck machinesbeingjerks MachineThatMakesMoney machinima machiningporn MachoManGIFs MackenzieFoy Macklemore macmini MacNCheesePorn MacOSBeta macpro macprogramming macrame macro macroeconomics macrophotography macross MacUni MadamSecretary MadDabs Madden18 Madden19 maddenmobilebuysell MaddenMobileH2H maddiegiannamore MaddieReed MaddieZiegler madeinusa MadeleineMccann MadeMeGiggle mademehappycry madewithableton madeWithGodot MadFurs MadisonGordon MadisonLouch MadisonPettis MadisonWIPokemonGo MadiTeeuws MadLabs madladcrusaders madlass madlasses Madlib MadMaxGame Madoka Madonna MadOver30 madscientist MafiaCityMemes MAFS_TV MAGAjuana Magento Magfest MaggieGrace MaggieQ magiarecord MagicalGirls magicalmoments MagicaVoxel MagicCardPulls magicfart69 magicgathering Magicite MagicItems magicka MagicLantern magicmuggle MagicMushroomHunters MagicMushrooms magicplantsexchange magicrush magictricksrevealed MagicUsers magikarpusedflylol Magisk Magleby magnora7 MAguns Mahayana Mahjong Mahryahh mahvelmods MaiaMitchell maidsafe maille mainebeer MaineCoon mainehistory mainframe maisie_williams MaitlandWardBaxter majorasmask MajorLazer Maka91Productions makeaband makecomics MakeDataShine MakeDejiLaugh MakeFriends MakeFriendsInGermany MakeFriendsInIndia MakeItFunnyIAMA MakeItWorse Makemeagif makemecry MakeMeSmile makemkv MakeMoney MakeMoneyOnlineGuide makenoise MakEnts makerbot MakerMesh makerspace MakeStories MakeSushi MakeTotalDestr0i Makeup_Artists Makeup_Reviews MakeupAddictionAsia makeupeffects MakeUpExchangeEU makeupfails MakeupMemes MakeupNews MakeupReviews MakeupSelfies MakeupTutorials MakeWay makingmoney MakingRnB Makingsense malamute MalaysianPF Male_Feet Male_Lesbians maleempowerment malefashionuk MaleFemme malefoodadvice MaleMidriff MaleStudies MaleSupportNetwork maletime MaliciousStupidity Malifaux MalinAkerman malingering malkovich mallninja Mallsoft MalluBabes Malmoe malphitemains malta Maltese Malwarebytes MalzaharMains MamaRaikou ManagedByNarcissists managementconsulting Manatees manbuns manchester_uni Manchester_United Manchestercity ManchesterNH manchesterorchestra manchesterunitednews MandachordMelodies Mandala mandalas Mandalorian Mandela_Effect_Music MandJTV mAndroidDev mandymilano mandymoore MandyRose mangadex MangaMemes MangaPod mangarockapp mangastudio mangaswap ManHands manhattan ManifestEarth Manitoba Mankato Manna MannausSachsen manoman manseekingwoman mansformation ManyBaggers MaoGame MaokaiMains mapgore mapprojects mapswith2newzealands MapsWithoutEurope MapsWithoutHawaii mapswithouticeland mapswithoutmadagascar MapsWithoutMaps MapsWithoutTasmania MapsWithoutUP mapswithtoomuchNZ MapVsGeo Marathon Marathon_Training marathonrunning marathons marblerun MarchAgainstNazis Marching_Arts marchmadness MarciLLy MarcMaron MarcoPolo Mari_Bambei MariaDomark MariaDoroshina MariahCarey MariaMenounos mariasharapova MariaSolPerez MariaVillalba MarieAnnWatson MarieAvgeropoulos MarieDoll Marieism MarieMadore Marietta Mariiiagad Marijuana_Stocks marijuanaconcentrates marijuanalabs MarilynMonroe Marimba Marin MarinaAndTheDiamonds MarinaLaswick marinelife marines marioandluigi MarioKart8Deluxe MarioKartWii marioncotillard MARIOPARTY mariorabbids marisamiller maritime Marixa Market_Socialism MarketAnarchism MarketingAutomation marketingnews MarketingPorn MarketingResearch Markham MarksmanMains Marquette marriageadvice marriagefree marriageisbliss MarriageMemes MarriedLife marriedwithchildren MarsArgo marshmello MarsSociety marthahunt MarthMains MartialArtsWeapons martinfreeman Martingarrix MartinShkreli MarvelatFox MarvelAvengersProject MarvelBattleLines MARVELFutureFight marvelleaks MarvelPosters Marvels_Luke_Cage MarvelStudiosTheories MarvelTheories marveltsumtsum marvelvscapcom marxistreadingclub MaryBaltazar MarylandPolitics MarziaSubmissions MasamuneKunNoRevenge masari Masastan MaschinenKrieger masculism mashgifs Masks MasonJars MassachusettsPolitics massagetherapy masseffectfics masseffectlore MassEffectmeme MassEffectMemes massivecocks masskillers MassQuantities masstagger MasterchefAU MasterclassDropship mastercoin MasterGardener MastermindBooks MasterNodes masteroforion masters MastersOfSex MastersOfTheUniverse MasterSystem MasterYiMains Mastodon mastodonband masturbationhacks masturbationquestions Masub MatchedBettingUK MatebookXPro math_irl Mathcore Mathematica mathporn mathpsych mathpuzzles MatiWrites matrix matt01ss MattAndKim mattayahu MattLees MattParker Mattress MattRichardsen MattShea mattsmith MattsWrittenWord MatureBeauty matureplants mau5trap Maude_Garrett MauraMurrayCase MauraMurrayEvidence mauritius mavic MavicPro MaximilianDood MaxLandis Maxmoefoe maxpayne Maya_Preffered MayansMC MaybeHappened MaydayPAC mazda6 mazdaspeed3 MazeRunner mazes mbta MBTIDating mbtimemes MbtiTypeMe mc5 MCAT2 MCBuildSchool Mccafferty MCCEO McCreeMains McDonaldsEmployees mcdonaldsfreakout McElroyClan McJuggerNuggets McKennaBerkley mckennademoe McKinney mclaren McLounge McMansionHell mcmodfinder mcrealmsservers mcsa MCSPlaystation MCSRep MCSXbox mctourney mculeaks MCUmemes MCVanillaServers MDbeer MDEnts MDGuns mdmazingMusic mdphd MDT me__irl me_atm me_ftl me_InRocketLeague me_irl_neue me_irl_video mealprepsundays MEandromeda MeanGirls meanstack MeansTV meanwhileinrussia meateatertv meatheads meatogains mechanic MechanicalEngineer mechanicalgifs MechanicalKeyboardsUK mechanicalpuzzles mechatronics mechwarrior med_diet Medford mediacomposing MedianXL mediaquotes MediBloc medical_advice medical_news Medical_Students MedicalAssistant MedicalBulletin MedicalDevices medicalimages MedicalMeme MedicalPhysics medicalporn medicalschooluk MedicareForAll medicinehat medieval medievalcatpaintings MedievalEngineers medievalMemes MedievalMusic MedievalNorseStudies MedievalPorn medievalworldproblems meditation_videos meditationpapers meditationpics MeditationPractice mediterraneandiet mediumfaketexts mediumformat Mediums MedSpouse MedTech MeeseeksAndDestroy MeetLGBT MegaAnime megabots Megadrive MegaGames Megahosting MEGAlink megalinks2 MegalinksVault MegaloBox MegaMakerOfficial megamindmemes MegaMusic megarequests MegaVideos MeghanMarkle meghanmccarthy MegTurney3 megumikoneko mehfaketexts MeiMains MEIOUandTaxes Meirl_ meirlcirclejerk MekaMechanic MelancholyMusic MelanieLaurent MelanieMartinez MelaniePavola MelanieShark MelbEnts melbournecirclejerk melbournemusic MelbournePhotography melbourneriders MelbTrade Melee MelissaDrew MelissaSandoval melodica melodicmetal melonproject meltyblood meme_hell meme_history meme_irl Meme_LOL meme_lords memecalendar MemeChildren MemeDerWoche Memedetails MemeEconomyEconomy memefood MemeFormats MemeGang MemeInvestor_bot Memelee memes_irl memesbannedinchina MemesBrasil memesec MemesForDayz MemeSmiet MemesOfAnime memesofthedank MemesPortugal MemeStockMarket memeswithoutmods Memeulous memeuniverse MemeVideos memewarsnews memorization memoryforensics MemoryQuestions MemphisExpress memphisrap memrise men MENAConflicts menameselassie MenaPay MenDatingTips menfashion MenGetRapedToo Menieres meninblazers menlaughingwithsalad menofwar Menopause mensa mensfashiontrend menshealth Mensmittenwithkittens MensOnlineStylist MensRants menstruation menswear Mentalfloss MentalHealthPH MentalHealthProviders MentalHealthSupport mentalmath mentalpod mentat MenuHacker MephHeads Mercadoreddit Mercari mercedes mercedesamgf1 Mercerinfo MerchantRPG MerchByAmazon merchents MercuryProtocol MercWithAMouth MeredithMickelson merlinbbc mermaids MerrellTwins merval mescaline Mescamushroom MESG Meshnet Meshuggah mesoamerica messi messingwiththenewguy meta meta_me_irl metaboardgames metabowsette MetaBuffGames MetaHub Metal101 MetalCasting MetalDrums metalearth Metalfoundry MetalGearAntiNuclear MetalGearPhilanthropy MetalGearSolidV_PC metalgearsurvive MetalicKitten_ Metallize metallurgy Metalmusic MetalNews MetalPay MetalPlaylists MetalSlugAttack metalwallpapers metametacirclejerk metaphysical MetaPhysicalMemes metaquebec metasploit MetaSubredditDrama MetaTrueReddit Metaverse_Blockchain Meteor Methadone meToo Metric metricband MetricMasterRace metro_exodus MetroDetroit metroexodus Metrology MetronomeToken MetroPCS mets mewithoutYou MexicanSpaceProgram Mexico_News mexicocirclejerk mexicogonewild Mezcal MFA mfa_irl MFGhost mflbguide MFZ MGSPhantomPain mgtowbooks mh4u MHGen MHGU mhguildquests mhmixedsets MHOC MHOnline MHWorld miakhalifapics MiaLi MiaMalkovaX miamiheat MiamiHurricanes miamioh MiaSand MiBox Michael MichaelFassbender MichaelReeves MichaelScottPapCo MichaelSneakers Michele_Maturo MichelleKeegan michellelewin MichelleRodriguez Michigan4Sanders michigandate MichiganGamers MicrobrandWatches microbrute microcomputing Microfiber MicroFishing microgreens microkitty Micromanufacturing micronations microphones microservices MicrosoftBand MicrosoftFlow MicrosoftServices MicrosoftTeams microtonal Midair midcentury Middleearthmemes MiddleEast MiddleEasternMusic MiddleEastHistory MideastPeace MidEastRegionalWar Midessa midi midlyinfuriating midlyinteresting midori midquelmemes Midwives MieshaTate mightyboosh MightyHarvest MightyNo9 Mignolaverse migos Miguns Miitopia Mike MikeAndIke MikePatton milano milasantos_ MiLB mildhighclub mildly_penis mildlyannoying mildlyapocalyptic mildlyawesome mildlyboobs mildlybutthole Mildlyclever mildlyconfusing mildlydangerous mildlyenteristing mildlyevangelion mildlyfrustrating MildlyGIT mildlyhalo mildlyhitler mildlyhomestuck mildlyinconvenient mildlyinsulted mildlyinterestingIAmA mildlyintersting mildlyintimidating mildlyintresting MildlyMetal mildlypleasing MildlyRacist mildlyretarded mildlyridiculous mildlysketchy MildlyUncomfortable mildlyuninteresting mildlyunsettling MildlyVandalized mildlyweird mildlywtf mildypenis MileyCyrusNTF MilfQueenMirelia milfsgonewild milfslovecumshots MILFVideo Milim militant Militariacollecting MilitaryARClones MilitaryAviation MilitaryConspiracy militaryfitness MilitaryGear Militarymachines MilitaryProcurement Militaryraging MilitaryStrategy milkniggas millajovovich millenials Millennials MillerPlanetside MillieBobbyBrown2 MillionDollarsBut millwrights milsurp miltonkeynes MilwaukeeTool Mimblewimble mimovi mina_irl Minarchy MindBleach mindblown mindcrackcirclejerk MindcrackDiscussion Mindfuck mindfuleating Mindscan mindstorms MinecraftCirclejerk MinecraftCommands MinecraftCringe minecraftcursedimages MinecraftDataMining minecraftfaq MinecraftHistory minecraftmaps MinecraftMod MinecraftPE minecraftschematics minecraftskins MinecraftSwitch MinecraftToDo minecraftwaterniggas minecraftxbox MinedBlock Minerals minerapocalypse MinersHaven MinerSwap Minesweeper Minetest MineZ Mini14 mini_trucks miniature_calendar MiniaturePinscher MiniatureSchnauzer miniaturesculpting miniaussie minibikes minicooking MiniDayZ minidocs minimal_homes minimalism_fashion minimalism_music Minimalisticmemes minimalisticwalls minimaltechno MiniMetro MiningPoolHub MinionMasters MinionMemes Minions MinkaKelly minnesotabeer MinnesotaCamping MinnesotaGamers Minnesotar4r minorkey MintCoin mintmobile mintsim MinusTheBear MinusTheMakeup minutevids MIOAGTIRPAAP MioFanClub Miracleofsound miraclerobots mirainikki mirin MirrorlessPhotography MirrorSports misbakes Miscarriage mischiefvixen Misdirection mises mishacollins MisheardLyrics MisleadingCaptions MisleadingTitles MissedOpportunity MissEm_Emily MissFlowerBomb MissFortuneMains MissGenii MissileGfys MissilePorn Missing_Person Mission_Impossible MissionWorkshop missoula MissouriPolitics MisterMetokur MitchHedberg MithrilToken mitski MitsubishiEvolution miui mixcd MixClub mixednuts mixedreality mizzou MK11CharacterTowers MKUltra MLB_9Innings mlb_streams MLBDraft MLBtheShowLogos mlclass MLG MLjobs MLM mlmcirclejerk MLMRecovery mlmscams mlmstories MLP MLPAnalysis MLPIOS mlpmature MLPtunes MLRugby MLSAwayFans MLSstreams MLTP mmapredictions MMAstream MMAStreams365 mmatechnique mmaww MMElementalGuardians mmf mmt_economics Mnemonics MNFgifs MNJobs MNN_MemeNewsNetwork MNTrolls moab moai moana MoarStories Mobdro Mobile_Marketing MobileAL mobileDJ MobileGames MobileLegendsBB mobilepicshd MobileUI mobilewebdev mobilinkcoin MobiusNetwork MockTheAltRight mocktheweek modclub ModdedMC moddergearsolid moddingguides ModdingMC ModdingMorrowind Model3 MODELING modelrailroads moderatelyinteresting ModerationLog modernart modernbaseball moderncalligraphy ModernFashionPorn modernism ModernistCuisine ModernJazz ModernJund ModernPropaganda ModernRockMusic modernrogue ModernWarfareRM Modesto ModFighters modgifs modlimit ModMurder ModsAreKillingReddit modusoperandi Moebius moedred MoeStash MoiraMains Moissanite moldova molecularbiology MolecularGastronomy MoleIsMoney Moles moleskine Molested molly Molly_Eskam MollyB MollyCQuinn MollyEskamNew mollyeskamshit Mom mombloggers momenttheymadeit momjokes MommaJokes momo Momoland MomoTama MomPorn momreflexes momsspaghetti monacoin MonarchsFactory Monarkia Monash moncton mondegreens Mondo MoneroCommunity moneromarket moneromarkets MoneroV Monetha MoneyHelp moneylaundering moneyontheside moneyrebel MoneyToken mongolia MongoliaPics MonicaBellucci monicoin MonikasThighs Monikers MonitorLizards Monk MonkeyIsland MonkeypawProductions monkeys monodatingpoly monogame monogatari MonoHearing MonolidMakeup monopoly Monsanto MonstaX Monstera monsterdeconstruction monsterdongs monsterfactory MonsterFishKeepers monsterfuzz MonsterGirlRP MonsterHigh MonsterLegends monsteroftheweek MonsterProm MonsterStrike Montageparodybattles montenegro MontereyBay Monterrey Montessori montgomery MonthlyComposition MontrealCycling MontrealEnts montrealimpact montrealjobs montypythongifs monzo moo_irl moog moombahton Moomies Moomins moomooio moon MoonCoin moonero MoonFucks MoonKnight Moonlighter MOONMOON_OW MoonriseMusicFestival Moons_IRL moosearchive moraldilemmas MoralPanic Morbid morbid_reality MordhauFashion mordheim morebreedingdittos Morel_Hunting MorganaMains MorgantownWV mormoncringe Mormonleaks mormonpolitics MorningDrawfee Morninghair MoroccoPics MoronicMondayAndroid MorpheusNetwork MorphRequests morrissey morse MortalEngines MortalKombat11 MortalKombatX morticians MortisGang Mosaic Moscow Mosses mostgilded MostInterestingCats MostlyWrites motherinlawsfromhell mothersbasement Mothman mothpit Motionografree MotivatedMusic motivateme Motivation_Wallpapers Motivational MotleyCrue motleyfool moto motog5 MotoGPPorn MotoGuzzi MotoLA Motoracing motorbikes motorboat Motorcyclecrash motorizedbicycles motorola Motorsport MotorsportPorn MotorsportsCalendar motorsportstreams motoswap Motovlogging motown MotoX4 MountainBike mountaindew mountaineers mountaingoats MountainMen Mountainpics mountains mountainview MountAndBall MouseGifs MouseGuard MouseMarket MousepadReview MouthEyes movember MovementDAO MovementDEMF Movie_Mistakes movie_scores movieaweek MovieBattles2 moviecirclejerk MovieHDLite movieideas movieleaks moviemonsterporn MovieOfTheDay MovieQuotes moviereviews MovieRls MoviesAnywhere MovieScandals Movieswhilehigh moving movingout mowerthoughts Mowky Mozart MozartInTheJungle mozilla MozillaInAction MP5 mpcusers mpmb mpminidelta MrBeast MrData MRE MrJoeNobody mrmoneymustache MrNightmare MrPedestrian mrpickles MrRobotARG MrRogersNeighborhood MrsGlass1024 MrSuicideSheep MSAccess msaeachubaets MsGinaDarling MSI MSP430 mspaintsartrace mspjobs MSsEcReTPoDcAsT Msstate MTBDeals MTBGE MTBTrailBuilding MTBVideos MtFHRT mtg_altered mtg_dadjokes MTGArenaPro mtgbracket mtgbrawl MTGDredge mtgfrontier mtgGore MTGLardFetcher mtglimited mtgmarketwatch MTGmemes MTGModern mtgoxinsolvency MTGPuzzleQuest mtgspirits mtgstorm mtgtrades MTGVintage MTHFR MtPelerin MTSU MTU mua muacjcirclejerk MUAEurope mudfossils Mueller mufc_history mugen mugi_irl muji Mujico mukbang Muks_store MuLegend multiculturalcancer multilingualparenting MultiMemeDrifting multireddit mumfordandsons MumkeysAnimeReviews MUN munchies MunchkinCats munichsocialclub murder MurderByWords MurderedByAntivaxx MurderedByBots MurderedByCrosspost murderedbyemojis MurderedByFacts murderedbymemes murderedbynumbers MurderedByOuija MurderedByPedantics murderedbyscreenshots Murderinos MurderMountain MurderMystery2 murfreesboro murmuration muscle_cars musclecarporn musclegirlart MuscleWorship muselk MuseumPorn museumreviews Museums Mushishi mushroom Mushroom_Cultivation music_discovery Music_Producers Music_Theory_Class MusicaEnEspanol MusicAlbums musicalcomedy musicalscripts MusicalTears MusicalTheatre Musicandmathematics musicanova musicbee musicbusiness MusicCirclejerk musiceducation MusicElectronics MusicEssentials Musicforyourfilm MusicFromTVSeries MusicGear musicgifstation MusicGuides musichistory musichoarder musiciansblogs musicindustry musicinstructor musiclessmusicvideos musicmadefree musicmakers musicmarketing MusicMatch MusicNotes musicoin musicpics MusicProducerSpot MusicProductionCodex MusicProductionDeals musicprogramming MusicPromotion musicsoftwaredeals musicsuggestions musictherapy MusicVideosOnYouTube musicwallpapers musiquefrancaise MuskDidNothingWrong Muslim Muslim_Memes MuslimLounge MuslimMarriage MustangTech mustelids mutantsandmasterminds MutantYearZeroRTE MUTCoinSelling mutt MUTTalk mutualcollaboration mutualfunds mutualism MutualSupport MVIS mvsw MWLL mx5 MXC MXStreams myaimistrue MyAnimeList myanmar MyBigFatFabulousLife MyBloodyValentine mybullytoday MyCastleFE MycoBazaar Mycoporn Mydaily3 MyDoggyIsMyLove mydrunkkitchen MyEtherWallet myfaithcoin mygamecollection_app MyHatIsACat MyHeroAcademiaMemes Myhush MylifeSuxNow mylittlealcoholic mylittleandysonic1 mylittleconspiracy mylittledamon mylittledaww mylittlefanfic mylittlefortress mylittlehuman mylittlelistentothis Mylittlenosleep mylittleonions MyLittleOutOfContext MyLittleSquidward MyLittleSupportGroup mymatematt mymorningjacket MyNameIsEarl myNBA2KMobile MyNewFetish MyNoise MyouiMina myparentsarenthome MyPrettyFace myriadcoin MyrtleBeach MySingingMonsters myst Mysteries mysterysearch mysticism myterribleneighbors myth MyTheoryIs myvegas

n00bs n3rdfusion N64WrestlingGames naath Nachrichten Nadine_Leopold NadineKerastas nagios nahuatl nail_art nailbiting nailedthelanding Nailpolish NaiTech nakedandafraid nameaserver Namecoin NameMyTF2Item NameNerdCirclejerk NamePuns namethatbook NamiMains Nanachi nanaimo nandovmovies nanJ Nannies nano NanoGrowery Nanoleaf nanomusheens nanotechnology Nantes NaomiKyle NaomiScott naomiwatts napa Naperville NapkinMemes Naples_FL napoli naranon narcissisticparents NarcissisticSpouses NarcoticsAnonymous Narduchita NarFFL Narnia NarniaMemes Naruto_Memes NarutoAkiden NarutoAnime NarutoNinjaStorm NarutoSakuga NarutoXBorutoNV nas NASA_News nasalsnuff NASCARCollectors NasDANQ nashvillebuyandsell Nashvilleevents NashvilleJobs NashvilleSC NashvilleTV NASLSoccer nasusmains Nat1 Natalia_Deliah Natalia_Garibotto Natalie_vs_Scarlett nataliebrooksx nataliehadek NatalieMariduena NatalieR NatalieRoser NatashaOakley nathanfielder NathanFillion Nationalism NationalParkPorn NationalPhotoSubs nationalsomethingday NationStates NativeAmericanGirls NativeAmericans NativeInstruments nativescript natsuki Natsuri NattyComics Natural_Hair NaturalPregnancy naturalremedies NaturalWellnessGuide naturebros natureisbeautiful NatureIsFuckingCute Natureisfuckingnope natureislit natureismental naturesfury NAU Naughty_Redheads naughtydog naughtyjessthoughts NaughtyNerdGirls NaughtyNorseMemes naut Nautical NauticusBlockchain NautilusMains nav Navajo NavalAction Navia Naviaddress Navixsport NavyNukes NayaRivera nayeon Nazer_The_Lazer NaziMeme nba2k17 NBA2K19 NBA2KL NBA2kMTselling nba_live_streams NBAanalytics nbabreakdown nbafiftyfifty NBAGIFS NBAimages nbakicks NBALive_Mobile nbalivestreamshd NBAlounge NBApeopleTwitter NBAPlaygrounds nbastreams_ nbastreamscss nbl nbn NCAA ncaa_stream ncaabowlgames ncaabowllive NCAAFootball NCAAW ncbeer NCGuns NCLEX ncpolitics NCTrails NDE ndp NDQ nds NDSHacks nealstephenson NearDeathExperiences NeatMike NeatNotes NebulaPorn NECA neckbeards neckbeardthings neckdeep necromancers Necrontyr necropolis nederlands nedforpresident NeebsGaming Need NeedABand needabro needacoach NeedleInAHaystack Needlepoint NeedsMoreJPEG NeesyRizzo NegaRedditRedux NegativeAtmosphere negativeutilitarians negotiation neighborsfromhell Neil_deGrasse_Tyson NeilBreen neildegrassetyson neilyoung NeivaMaraDaily NemiForest Nendoroid nenes Neo4j neoblockchain neoconNWO neofolk neogeo neology NeoMagazin NeonGenesisEvangelion neoprogs Neopsychedelia NeoScavenger Neoyokio NEPA NepalPics nerdbait nerdcity nerdcore nerdfitness nerdgirls nerdlass nerdpokerpodcast nerdshowerthoughts nerdwriter Nerdy_Hardbodies NerdyChallenge NerfExchange NerfTheGame neshamira NessMains net_neutrality netapp NetBSD netdef NetflixCanada NetflixKingdom NetflixSpaceForce NetflixTheSociety netflixuk NetherlandsPics Netherwing NetHunter netsec_news netsec_uncensored Netsphere Netsuite NetworkForSale NetworkSecurity Neuralink neurallace NeuralNetwork neurobiology Neurofeedback NeuroFunk Neuromation neuronaut Neuroneum neuroproducers Neurosurgery NeutralCryptoTalk NeutralTalk Nevada nevadapolitics neveragainmovement NeverStopAGirlFight NeverTrump neverwinternights New_Hampshire New_Jersey_Politics New_Tattoos New_World_MMO New_York_City NewAge NewAgeMusic NewAlbums NewAmsterdamTV Newark newborns Newbraunfels newbrunswickcanada NewBrunswickNJ Newbwriters NewChallenger NewCountry NewCydiaTweaks NewDads NewedgeMustang Newegg newengland NewEngland4Sanders NewEnglandPatriots newenglandrevolution neweracaps NewFishSpecies NewGame newgrass Newgrounds newhaven newhiphop newhorizons newIBM newico NewJerseyforSanders NewJerseyMarijuana newleaf newLegacyinc Newlyweds neworleanssaints NewPMDT NewPokimanePics newportbeach NewRetroArcade NewRiders News_Politics newsbotbot newsentences newsokunomoral newsokuvip newspapercomics newsrebooted newsreels newsubreddits NewToReddit NewWest newwords newworldorder NewYorkCoin NewYorkForSanders NewYoutubers NewZanada newzealand_travel Nexo Nexomon NexonDarknessRises Nexplanon NextCarGame nextdoor nextelderscrolls NextOrder Nexus10 Nexus9 nexusearth nexusmods Nexusography nexusplayer nexybit NFC NFCEast nffc NFKRZ NFL2go nfl__stream nfl__streams nfl_games nfl_live_streams_free nfl_livestream_ nfl_livestream_free nfl_streams_hd nfl_streams_live_ nfl_super_bowl NFLDRAFT NFLFandom NFLFantasy NFLFilms NFLFootballGamesToday nflgameslive NFLGameUpdate nfllivestream_ NFLLiveStreamingCBS NFLLiveStreamingFOX NFLNoobs NFLOffTopic NFLReplay nflsgame NFLstatheads nflstream_ nflstream_free nflstream_live nflstreams_ nflstreams_free nflstreams_live_ NFLStreamUpdate nflsuperbowlfree nflsuperbowls nfrealmusic nfrstream nginx NhiTran NHL17HUT NHL18 NHL19 nhl_streams NHLChampionshipBelt NHLstream NHRA nhs niagara NibbaTV Nicaragua niceb8m8 NiceCatch nicedoggos nicegays Nicegirlstories niceguy niceguysDiscussion niceguystories NiceLegs NiceSaveOuija niceyes NichameleonCosplay NichtDieTagespresse nick NickCave nickelodeon NickyWhelan nicolapeltz nicolascage NicoleArbour NicoleLZ NicoleMarieJeanNMJ NicoleMejia nicolenixon NicoleScherzinger NicoleThornedab niconiconi NICUParents NidaleeMains NiennaJade NieRAutomataGame Nievamara Nigahiga Nigeria nightblade nightdriving nightmare NightmareBeforeXmas NightmareNewYork Nightmares nightmemes NightMusic nightphotography nightwalk nightwish nihilisms nihongo Nijmegen NikaidouSaki nikkibella NikkiBlackketter NikkiCo65 Nilesy nim Nimiq nincirclejerk ninemuses Ninja Ninjago NinjasHyper ninjawarrior NinoNakano Nintendeals Nintendo3DS nintendo64 Nintendo_NX NintendoDS Nintendogs NintendoKaren nintendolabo NintendoStitch NintendoSwitchBoxArt NintendoSwitchDesigns NintendoSwitchIndie NinthWorldProblems nintype nippleshadows nipponichi NipseyHussle nirvannatheband nissanfrontier nissanleaf NISTControls NitroToken NIU NixOS NixPlatform NJ_Swingers njbeer NJGuns njhiking NJr4r NJTech nlpclass NLSS NLTP NMMNG NMS_Bases NMS_Federation NMS_Zoology NMSPortals NNNNNNNEEEEEEEEEEEEWS no No_Cry_Challenge No_Ragrets NoAdmins noagenda NoahCyrus noahelowyn NoahGetTheBoat noamchomsky NoAnimePolice nobackspace Noblesse NobodyCaresApostolate noclip NoColoreds NoCopyrightMusic nocopyrightsounds nocrychallenge nocturnemains NoDAPL nodered Nodis NoeliaRamirez NoelleFoley NoelLeon noelmiller nOfAileDPriNtS NoFapES NoFapTeens NoFapWarRebooted nofiller NoFilterNews nofriends nofx nogagreflex NOIA NoIAP NoIdeaAnimation noids noip noise noisefuck NoisyImages noisypics NOIZ nojibrilnolife Nokia7Plus NOLA NOLAMusic Nolan NoLawns NolibsWatch nolimitcoin NoLogsVpn NoLongerAlone Nomad nomagicsuckery NOMANSSKY NoMansSkyAnimals NoMansSkyCrafting NoMansSkyMyJourney NoMansSkyShips NoMansSkyTravelGuide NomSaying NonAustrianEconomics noncensored_bitcoin nonconformists NonCredibleDefense nondirective nonduality NonEnglishMusic nonessentialoils NoNetNeutrality nonfiction nonfiction_bookclub nonfictionbooks NonGold NONINEWS NonNudeButSexy nonon Nonononomaybe nonononono nonononowaitwhat nonononoyesWTF nonoyes Nonprofit_Jobs nonsenselocker nonstopknight NoNut19 Nonviolence noobmaster69 NoobsOfTheAncient Noobtube nook nootropic_deals NootropicResearch NoPee noplastic nopuns norcal Nordichistorymemes NordicSkinCare NordicUnion NORDVEI NormalDayInSweden normanok NormanReedus normiememes NORML Norsemen NorskFotball NorthAmerican northampton NorthCarolina4Sanders northcounty northshore Northwestern NoRules norwayonreddit NorwegianForestCats Norwich NorwichCity Noses nosgoth nosIeep nosleep_irl nosleepfinder NosleepIndex NoSleepInterviews NoSleepReruns NoSleepSleuths NoSleepVideos nosleepworkshops nOSplatform nosql nostalgiacritic NostalgiaMusic NoStepOnSnek Not_Quite_Right NotableUpcomingEvents NotAboutYou notaglobe notalodeon notalwaysright NotaMethAddict notanimemaru NoTap notaperfectfit NotBirdsWithArms Notchcels notcirclejerk notcosplaygirls note8 Notflix notfunny NothingButThieves nothingnowhere NotHowDicksWork nothowgayswork nothowphoneswork notificationgore NoTillGrowery NotionSo notkayfabenews notmeirl notopbutok notpopping notredamefootball notsafeforweiss NotSteveIrwin notthebabylonbee notthebeaverton notthethickofit NotTrending notwholesomeanymore NoU novajobs novalaunchersetups novarent novationcircuit NoveltyAccounts Nowhere_eternity nowhisper nowiknow nowontennis noxappplayer NPB NPC NPCMemes NPCtavern NPD NPERproject npm nprplanetmoney NPSL nqmod Nr2003 nra nsa NSCollectors nsfNSFW NSFW911 nsfw_brat NSFW_SplitDepthGIFS nsfwbabesnude NSFWfun Nsfwhumour nspire nsw nswf NSWF_amatuer NSWFHardcore ntbdbiwdfta ntnu NTSB_database NTU NuclearBusiness nuclearwar nuclearweapons Nudah NudeBase nudeceleb Nuderoast nudibranch nudist_loving nudistpornbeach NudistsGoneWild nugswap nujijinactie nukedbywords nukedfromorbit NukeMeFromOrbit NukeVFX nukleus null number26bank numberphile numberwang numerai numerical numerology numismatics numismatology nunavut nunumains NurdRage NurseJackie NurseJoyProject nursepractitioner Nurses nursingmemes nursingschool NursingSkills nus nutanix NutritionFacts NVC nvidiots nwi NWSL nxtcoin NXThemes nxtwrestling nyancoins nyannyancosplay nycART nycbeer NYCC nycfilmmakers nycfood nycgaybros nycgaymers nycHistory nycstreetart nyctech NYCtrees NYguns NYList NYrap nyspolitics nytimes NYTO NYXL nyxnyxnyx NZBitcoin NZCirclejerk nzpolitics NZTrees
submitted by j259awesome to u/j259awesome [link] [comments]

Monumental AIOMiner Update v8.4 - Mine the most profitable currencies on 74+ Algorithms (1000+ coins) while paying 0% Fees, now with free Online Rig Monitoring for your entire farm!

Hi Everyone!

We’re excited to be able to call AIOMiner, the best miner on the planet!
 
First of all, thank you so much for all of your support over this past year! Your constant suggestions in Discord have helped make AIOMiner what it is today and we are endlessly grateful!  
If you haven’t yet, here are some quick links to get involved with AIOMiner:

Humble Beginnings

If you’re not familiar with AIOMiner, we were born right here on /gpumining. Almost exactly one year ago, xixspiderxix became frustrated with the lack of functionality, ugliness, and the high difficulty required to get started with the already existing miners. Originally, he was just going to make it for himself to enhance his own mining experience, but others started asking for access to the software, suggesting new features, and helping him improve. So, he opened it up to the public for free and AIOMiner was born. And to this day, we maintain our promise that mining with AIOMiner will always be free. You can read more about it here, but let’s get to the good stuff!
 

What’s New in AIOMiner?

We now have remote rig monitoring and control through our website! We’ve just enabled the AIOMiner application to connect to the AIOMiner website through an API and fixed some bugs. If you’ve never used AIOMiner before, here are some of the features you can expect on the software side of things:
 
The biggest part of the update is a full rebuild of AIOMiner.com. We're bringing you remote control of your rigs via the AIOMiner website so you can stop paying for services, like Teamviewer, and manage all of your rigs from anywhere you have an internet connection!
 
Here's what you can expect from AIOMiner.com:
Whew! That's a lot, but believe it or not... we're just getting started! We still have plenty planned to maximize your rig efficiency, control, and profitability.
 

All of my favorite miners?

If not all of them, then certainly a good chunk of your favorites and we make sure they are updated daily!

74 Algorithms? Prove it!

takes deep breath
  1. Ethash
  2. CryptoNightHeavy
  3. PHI1612
  4. Zhash
  5. CryptoNightSaber
  6. Lyra2REv2
  7. NeoScrypt
  8. Phi2
  9. CryptoNightV8
  10. TimeTravel10 (BitCore)
  11. x16r
  12. CryptoNightV7
  13. Lyra2z
  14. Hex
  15. Xevan
  16. ProgPoW
  17. 1927-genesis
  18. Geek
  19. Aergo
  20. BCD
  21. Sonoa
  22. Bytom
  23. Renesis
  24. SolidtySha3
  25. CryptoNight-Lite
  26. Aeriumx
  27. Zhash_zel
  28. Zhash_BTG
  29. Zhash_Snow
  30. Zhash_Zcash
  31. Zhash_Safe
  32. Zhash_ltz
  33. x16s
  34. Allium
  35. Zero
  36. Tribus
  37. x14
  38. c11
  39. Darkcoin-mod
  40. Pascal
  41. Blake14r
  42. Vanilla
  43. Blake
  44. Groestl
  45. Skein
  46. Myriad-groestl
  47. Keecakc
  48. Polytimos
  49. Whirpool
  50. Lbry
  51. Jha
  52. Skunk
  53. Phi
  54. Keccak
  55. Sib
  56. Blake2b
  57. Nist5
  58. Veltor
  59. Blakecoin
  60. Blake2s
  61. HSR
  62. x11evo
  63. TimeTravel
  64. Equihash
  65. x17
  66. x17gost
  67. CryptoNight
  68. CryptoNightRTO
  69. CryptoNightXAO
  70. CryptoNightMSR
  71. CryptoNightXTL
  72. CryptoNightLightv0
  73. CryptoNightLightv1
  74. CryptoNightHaven
Q: How many cryptocurrencies does that cover?
A: ¯\(ツ)/¯ We stopped counting when we reached 1,000.

Is it safe?

Of course, but don't take it from us! Here's a 3rd party analysis on the software:
https://www.hybrid-analysis.com/sample/e8f518e55783a853659938ed1c25f441acf5c8cf2e7730ce3135f2dd231759b2?environmentId=120

What's Free Hash Friday?

Every week we put on an event called Free Hash Friday, and don’t call the DEA because we're not giving away weed! Maybe Canada can help you with that, but here's the general rundown for Free Hash Friday:  
The AIOMiner team sends out a tweet every week with directions in an image, such as this one.  
Follow the directions in the tweet where it says "To Win" with the arrows. Once you've completed those three steps, your twitter handle will be inputted into a spreadsheet (that is shared with the public) and you'll be assigned a number in the order that you're inputted.  
You have until 8pm US Pacific Time (GMT -7) to enter. At 8pm, the spreadsheet will be updated one final time and the drawing will begin immediately in the AIOMiner discord channel.  
You'll notice on the spreadsheet that you have a number next to your twitter handle. We have a bender bot that is able to generate a random number given the upper and lower limit. If your number is the randomly generated number, you win!  
Typically we pair with a coin, as you can see, who puts up some to giveaway and we have multiple winners. If we don't have a coin to give away, The AIOMiner team will simply start mining on behalf of the winner for 24 hours and mine any gpu-mineable coin of their choice.  
And that's pretty much it! So, follow our twitter and be on the lookout for the next Free Hash Friday!
 

What else should I know about AIOMiner?

We are fully committed to keeping mining free for everyone, but it does cost some money to keep the servers up and running. So, we're planning on releasing some "premium" features in the near future that will take the mining experience to the next level. Until December 1st, we will allow users to donate/purchase a lifetime premium account. With this account you will gain access to AIOMiner and all of the premium features that we release as well as any future product we make for free. This is only for a limited time, so if you're in the mining game for the long haul, it is definitely worth it. After December 1st, we will open up the premium features on a membership/monthly subscription basis. So, get it while it's hot!
 
Other than that, enjoy the software, enjoy the giveaways and come participate in the community:
 
Thank you again to everyone who has helped make AIOMiner what it is today!
 
Happy Mining,
-The AIOMiner Team
Edit: When releasing the new website, Google's Crawler flagged us as experiencing a hostile takeover and as a result, you may get a message warning of malicious content. We checked everything and there is no malware or malicious software on aiominer.com. We are actively working with Google to get this resolved as quickly as we can!
submitted by AIOMiner to gpumining [link] [comments]

I'm thankful to the NYA backers because they are proving that bitcoin cannot be taken over by a group of corporate insiders, even with more than 51% hash power.

It's Thanksgiving weekend in Canada and I wanted to share how grateful I am for so much.
In the spirit of friendliness in particular, I'm reaching out to all those companies who have signed on to the NYA and still intend to go ahead with trying activate a hard fork that users and developers did not sign up for.
We can only see just how anti-fragile and unbreakable bitcoin is when it is put to real world tests. The failure of the NYA to take over bitcoin will demonstrate how bitcoin is able to defeat such an attack, and for that I'm grateful that we have a real world test to prove this. (It will prove many critics of bitcoin wrong and increase bitcoin's known security, appeal and price).
For years, people have wondered if bitcoin could withstand an attack from within. "What if 51% of the mining hash power were used to try to change bitcoin?" they asked. This was such a question that when mining pools first became large, even the largest one encouraged miners to leave it when its share of hash power approached 51%. Today, it is clear that mining is highly centralized way beyond 51% in the hands of very few people. And like all industries there's a few strong leaders in market share in mining and in wallets. That's cool.
But what happens if a bunch of those guys get in a room and try to take over bitcoin? Well, as it turns out, first, they have to do a hard fork - not just a hard fork of the blockchain, but of the github code repository. They stop making contributions to the main bitcoin repository at github.com/bitcoin/bitcoin, because that's community controlled. Instead they copy the whole repository and put it into a fork they control. And they have to break to the consensus rules or they won't have really taken over anything, so in this case they've gone with the seemingly innocuous 2MB block size consensus rule change.
But for them to truly take over it turns out they need to do a lot more than just this. They need to convince the market of users and investors that their new forked coins are worth more than the original coins. Right now, they are pretending that a coin's value comes from their mining power and their businesses' market share of whatever their businesses do. But even before the moment of truth of forking, we see how that's not true. Miners don't mine the chain that they believe in or claim to be committed to. They mine the chain that is most profitable to mine on. The last hard fork has proved this in spades. And businesses won't turn away business from the original chain. We already see Erik Voorhees, one of the most vocal and committed NYAers, saying on twitter that his business will still support the original chain.
In short, the original chain will have more valuable coins, which will mean that miners will continue to mine it and businesses will continue to deal in it and the NYA will be just another altcoin launch (with an airdrop to bitcoin holders).
For demonstrating bitcoin's ability to shrug off such an attack I am truly grateful to the NYA businesses.
submitted by logical to Bitcoin [link] [comments]

China Changes its Stance Towards Bitcoin Mining

China Changes its Stance Towards Bitcoin Mining

https://preview.redd.it/z7rzhmuga2x31.jpg?width=720&format=pjpg&auto=webp&s=a4220a1b806a59cdf2481d3f09b9f173b7a4fe27
China’s state planner, the National Development and Reform Commission (NDRC), has reportedly removed Bitcoin (BTC) mining from the list of industries that might be eliminated.
Cryptocurrency mining has not been included in the finalized catalog for Guiding Industry Restructuring that will take effect from Jan 1, 2020, per Coindesk. The catalog was published today.
As reported in April, the Commission was seeking public opinions whether Bitcoin mining should be immediately banned. Bitcoin mining was included in a draft list of industrial activities the agency was seeking to stop, as they did not adhere to relevant laws and regulations, were unsafe, wasted resources or polluted the environment.
In either case, despite all efforts to push Bitcoin miners out of the country, Bitcoin mining was never officially illegal in China.
Su Zhu, CEO of Singapore-based investment management firm Three Arrows Capital, reacted by saying that he wouldn't be surprised if "mining becomes designated a strategically important activity at some [point]."
The announcement today comes hot on the heels of the recent urge by China’s President Xi Jinping to accelerate the development of blockchain technology due to its importance "in the new round of technological innovation and industrial transformation" of China.
Chinese miners are already major players in the Bitcoin mining industry. For example, at the time of writing, four largest mining pools (Poolin, BTC.Com, F2Pool and AntPool) are from China and hold almost 63% of the Bitcoin network hashrate, which essentially measures how much computing power is needed to maintain the network.
Bitcoin hashrate distribution

https://preview.redd.it/76to2sb9r3x31.png?width=720&format=png&auto=webp&s=7279160fa38127eab289315c02aab9f4b2228d93
In either case, there are concerns that China holds more influence over Bitcoin than many are ready to admit.
China "threatens the security, stability, and viability of Bitcoin” with its “political and economic control over domestic [cryptocurrency] activity, and control over its internet infrastructure,” a study, published in October 2018, from Princeton and Florida International Universities claimed.
"In theory it's possible for a government to launch a 51% attack. If a government like the US or China decided they wanted to hurt Bitcoin, they could either rapidly shut down a lot of mining power so that they control a majority of what's left, or they could deploy new hashpower that takes over the network," Prof. Matthew Green of John Hopkins University told Cryptonews.com earlier this year. However, he doesn't regard a 51% attack on Bitcoin as especially likely though, due to the enormous expense involved.
"The thing to keep in mind is that 51% attacks, while they're terrible and undermine confidence, basically just allow double spending," says Green. "This is really bad for merchants and exchanges, and in the long run it could make Bitcoin unusable. But it doesn't allow the attacker to, say, steal everyone's coins. And the cost of a rollback goes up as you go farther back in time."
Meanwhile, in 2018, articles from influential state-run Chinese media outlets signaled that further crackdowns could be launched to force out remaining cryptocurrency trading and mining activities from the country. However, until now, miners have shown a surprising resilience.
Nonetheless, many of those mining companies were looking to relocate to more favorable locations overseas such as Iceland, Canada, and the US, to name a few.
At pixel time (07:11 UTC), BTC trades at c. USD 9,410 and is up by 1.45% in the past 24 hours and by 1.47% in the past week.
submitted by ionskurtu to u/ionskurtu [link] [comments]

With profits being as shitty as they are, should I switch to Minergate for the time being?

Title.
submitted by xcalinx to NiceHash [link] [comments]

Verge Currency Beginner's Guide

Verge Currency Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx (Transaction) Speed 5-10 Seconds
Tps (Transactions per sec.) 100 (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Stealth Addresses It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
RING CT Under development
See our blackpaper V5.0 for detailed information.
Development Updates
Marketing Updates

Wallets
Mining

Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇨🇦 Canada
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:

Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
Last Edit: Latest development update links are added to the Tech section.
submitted by Desolatorbtc to vergecurrency [link] [comments]

Crypto Mining Pool Server Setup Vlog #1 - YouTube BITCOIN: SOLO MINING VS MINING POOL! Bitcoin price analysis!- bitcoin may 29 Crypto Mining Pool Server Setup Vlog #3 BitLuck Mining Pool - Grow Your Bitcoin NOW! How to choose a Bitcoin mining pool - YouTube

For that reason, the company is now confident in the commercial launch of their Bitcoin mining pool. A Look Inside the New Bifarms Pool Mining Platform. Bitfarms Pool runs on proprietary server architecture developed by Bitfarms IT engineers. These servers are located in Canada. They have low latency and advanced security ensured by the public ... Slush Pool is the first Bitcoin Pool launched in the year 2010 by the name Bitcoin Pooled Mining Server. The site got its first blockchain in the year 2012 and since then over 15000 blocks were mined by this site. Slush Pool is run by Satoshi Labs, the Czech based tech company. The first offline Bitcoin wallet and the first Bitcoin-centric world map was created by Satoshi Labs in addition to ... The world's leading Bitcoin cold-wallet backed, hardware based mining pool. Start your Bitcoin mining journey today. FREE 500 GH/s on first sign up ! REGISTER NOW. LOGIN. Antminer Z9 Mini 2000 GH/s Earnings : 0.00000700 Ƀ per day Antminer Z9 Mini 5000 GH/s Earnings : 0.00001833 Ƀ per day Antminer S9K 11500 GH/s Earnings : 0.00003833 Ƀ per day Antminer S9K 60000 GH/s Earnings : 0.00020833 ... Cloud mining is greatly suited for novice miners who would like to try out mining and earning cryptocurrency as well as seasoned miners who don't want the hassle or risks of hosted or home-based mining. Basic Version 1.0. Earning rate: 0.00014 LTC/min 0.2 LTC per day Affiliate bonus 30%. Standard Version 2.0. Earning rate: 0.0007 LTC/min 1 LTC per day Affiliate bonus 40%. Standard Version 3.0 ... Slush Pool war der erste Bitcoin Mining Pool. Dieser wurde im Jahr 2010 unter dem Namen „Bitcoin Pooled Mining Server“ eröffnet. Slush Pool wird von Satoshi Labs, dem tschechischen Technologieunternehmen, betrieben. Der Pool steht für seine einzigartige Score-basierte Methodik. Diese vermeidet das Risiko, von anderen Minern betrogen zu werden, wenn sie innerhalb einer Runde einen Pool ...

[index] [20909] [21891] [27644] [2677] [16843] [2555] [47220] [16152] [3157] [18508]

Crypto Mining Pool Server Setup Vlog #1 - YouTube

Failed at focus in the beginning but recover after intro. That aside here is my vlog series for setting up the SOAT Mining Pool Server environment. Featuring... Bitcoin.com: "Due to significant demand from our users, the Bitcoin.com Pool will give mining customers the option of supporting the Bitcoin Cash chain (BCC) with their hashrate, but otherwise ... How to make your own bitcoin litecoin dogecoin mining pool Part 2 - stratum server - Duration: 6:44. whatthefluxable 44,761 views. 6:44. Bitcoin Mining Pool 🎓 BitClub Network Akademie Deutsch 🇩🇪 - Duration: 10:05. Ronald Steimel 26,615 views. 10:05. USB Miner mit Pool verbinden - emarks minen - bitcoin mining tutorial ... Bitcoin & Cryptocurrency Mining Pools Explained Best Mining Pools PPS vs PPLNS - Duration: 18:17. VoskCoin 9,965 views. 18:17. They Watched Us With Webcams And Rewrote Our Code! - Duration: 13 ...

#