7 Best Bitcoin Mining Pool in 2020 Reviewed (+ Fees Compared)

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS submitted by VoskCoin to CryptoCurrency [link] [comments]

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS submitted by VoskCoin to Bitcoin [link] [comments]

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS submitted by VoskCoin to VoskCoin [link] [comments]

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS - Slushpool credited as the original mining pool

Bitcoin & Cryptocurrency Mining Pools Explained | Best Mining Pools PPS vs PPLNS - Slushpool credited as the original mining pool submitted by VoskCoin to slushpool [link] [comments]

What's Happening At Dash? | Continually Updated News & Announcements Thread

Welcome to dashpay!
If you are new to Dash, we encourage you to check out our wiki, where the Dash project is explained from the ground up with many links to valuable information resources. Also check out the menu bar on top and the sidebar to the right. We have very active Discord and Telegram channels where the community is happy to answer any and all newcomer questions.

Purpose of this post

This post is directed towards community members who wish to rapidly access information on current developments surrounding the Dash cryptocurrency.
Lately we've noticed how the pace of events picked up significantly within the Dash project due to many years of hard work coming together and pieces falling into place ("Evolution" is finally here. It's called Dash Platform). For the purpose of keeping these many pieces of information together, however, singular Reddit submissions are insufficient. Thus we decided to maintain a pinned thread collecting blog posts, interviews, articles, podcasts, videos & announcements. Check back regularly, as this thread will always feature the latest news around Dash, while also serving as a mid-term archive for important announcements and developments.
Journalists looking for news and contact opportunities wrt Dash, please bookmark:

Dash Press Room

"At Dash Press Room you will find the latest press releases, media materials and product updates on Dash - Digital Cash."

Dash Platform Video Series (formerly known as "Evolution") with Amanda B. Johnson

  1. Dash is Becoming a Cloud | Dash Platform #1
  2. What is Dash Drive? | Dash Platform #2
  3. What is Dash's Decentralized API? (DAPI) | Dash Platform #3
  4. Usernames & Dash Platform Name Service (DPNS) | Dash Platform #4

Dash Core Group News

(last updated: Oct 9th, 2020)

Dash Insights with Mark Mason & Dash Talk with Amanda B. Johnson

(last updated: Oct 9th, 2020)

Development news

(last updated: Oct 9th, 2020)

Adoption, Partnership, Business Development, General News

(last updated: Oct 3rd, 2020)
submitted by Basilpop to dashpay [link] [comments]

Bitcoin Mining Profitability: How Long Does it Take to Mine One Bitcoin in 2019?

When it comes to Bitcoin (BTC) mining, the major questions on people’s minds are “how profitable is Bitcoin mining” and “how long would it take to mine one Bitcoin?” To answer these questions, we need to take an in-depth look at the current state of the Bitcoin mining industry — and how it has changed — over the last several years.
Bitcoin mining is, essentially, the process of participating in Bitcoin’s underlying security mechanism — known as proof-of-work — to help secure the Bitcoin blockchain. In return, participants receive compensation in bitcoins (BTC).
When you participate in Bitcoin mining, you are essentially searching for blocks by crunching complex cryptographic challenges using your mining hardware. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at 12.5 BTC — as well as the transactions fees for the transactions included within the block.
Once the maximum supply of 21 million Bitcoins has been mined, no further Bitcoins will ever come into existence. This property makes Bitcoin deflationary, something which many argue will inevitably increase the value of each Bitcoin unit as it becomes more scarce due to increased global adoption.
The limited supply of Bitcoin is also one of the reasons why Bitcoin mining has become so popular. In previous years, Bitcoin mining proved to be a lucrative investment option — netting miners with several fold returns on their investment with relatively little effort.
bitcoin mining hardware
Mining Hardware
The mining hardware you choose will mostly depend on your circumstances — in terms of budget, location and electricity costs. Since the amount of hashing power you can dedicate to the mining process is directly correlated with how much Bitcoin you will mine per day, it is wise to ensure your hardware is still competitive in 2019.
Bitcoin uses SHA256 as its mining algorithm. Because of this, only hardware compatible with this algorithm can be used to mine Bitcoin. Although it is technically possible to mine Bitcoin on your current computer hardware — using your CPU or GPU — this will almost certainly not generate a positive return on your investment and you may end up damaging your device.
The most cost-effective way to mine Bitcoin in 2019 is using application-specific integrated circuit (ASIC) mining hardware. These are specially-designed machines that offer much higher performance per watt than typical computers and have been an absolutely essential purchase for anybody looking to get into Bitcoin mining since the first Avalon ASICs were shipped in 2013.
When it comes to selecting Bitcoin mining hardware, there are several main parameters to consider — though the importance of each of these may vary based on personal circumstances and budget.
Performance per Watt
When it comes to Bitcoin mining, performance per watt is a measure of how many gigahashes per watt a machine is capable of and is, hence, a simple measure of its efficiency. Since electricity costs are likely to be one of the largest expenses when mining Bitcoin, it is usually a good idea to ensure that you are getting good performance per watt out of your hardware.
Ideally, your mining hardware would be highly efficient, allowing it to mine Bitcoin with lower energy requirements — though this will need to be balanced with acquisition costs, as often the most efficient hardware is also the most expensive. This means it may take longer to see a return on investment.
In countries with cheap electricity, performance per watt is often less of a concern than acquisition costs and price-performance ratio. In most countries, operating outdated mining hardware is typically cost prohibitive, as energy costs outweigh the income generated by the mining equipment.
However, this may not be the case for those operating in countries with extremely cheap electricity — such as Kuwait and Venezuela — as even older equipment can still be profitable. Similarly, miners with a free energy surplus, such as from wind or solar electric generators, can benefit from the minimal gains offered by still running outdated hardware.
Longevity
The lifetime of mining hardware also plays a critical role in determining how profitable your mining venture will be. It’s always a good idea to do whatever possible to ensure it runs as smoothly as possible.
Since mining equipment tends to run at a full (or almost full) load for extended periods, they also tend to break down and fail more frequently than most electronics — which can seriously damage your profitability. Equipment failure is even more common when purchasing second-hand equipment. Since warranty claims are often challenging, it can often take a long time to receive a warranty replacement.
Price-Performance Ratio
In many cases, one of the major criteria used to select mining hardware is the price-performance ratio — a measure of how much performance a machine outputs per unit price. In the case of cryptocurrency mining hardware, this is commonly expressed as gigahashes per dollar or GH/$.
Under ideal circumstances, the mining hardware would have a high price-performance ratio, ensuring you get a lot of bang for your buck. However, this must also be considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or the most energy efficient.
Acquisition Costs
Acquisition costs are almost always the biggest barrier to entry for most Bitcoin miners since most top-end mining hardware costs several thousand dollars. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio.
Acquisition costs include all the costs involved in purchasing any mining equipment, including hardware costs, shipping costs, import duties, and any further costs. For example, many ASIC miners do not include a power supply — which can be another considerable expense, since the 1,000W+ power supplies usually required tend to cost several hundred dollars alone.
Ensuring your equipment runs smoothly can also add in additional costs, such as cooling and maintenance expenses. In addition, some miners may want to invest in uninterruptible power supplies to ensure their hardware keeps running — even if the power fails temporarily.
asic mining
Current Generation Hardware
One of the most recent additions to the Bitcoin mining hardware market is the Ebang Ebit E11++, which was released in October 2018. Using a 10nm fabrication process for its processors, the Ebit E11++ is able to achieve one of the highest hash rates on the market at 44TH/s.
In terms of efficiency, the Ebang Ebit E11++ is arguably the best on the market, offering 44TH/s of hash rate while drawing just 1,980W of power, offering 22.2GH/W performance. However, as of writing, the Ebang Ebit E11++ is out of stock until March 31, 2019 — while its price of $2,024 (excluding shipping) may make it prohibitively expensive for those first getting involved with Bitcoin mining.
Another popular choice is the ASICminer 8 Nano, a machine released in October 2018 that offers 44TH/s for $3,900 excluding shipping. The ASICminer 8 Nano draws 2,100W of power, giving it an efficiency of almost 21GH/W — slightly lower than the Ebit E11++ while costing almost double the price. However, unlike the E11++, the 8 Nano is actually in stock and available to purchase.
ASICminer also offers the 8 Nano Pro, a machine launched in mid-2018 that offers 80 TH/s of hash rate for $9,500 (excluding shipping). However, unlike the Ebit E11++ and 8 Nano, the minimum order quantity for the 8 Nano Pro is curiously set at five, meaning you will need to lay out a minimum of $47,500 in order to actually get your hands on one (or five).
While the 8 Nano Pro doesn’t offer the same performance per watt as the Ebit E11+ or AICMiner 8 Nano, it is one of the quieter miners on this list, making it more suitable for a home or office environment. That being said, the ASICminer 8 Nano Pro is easily the most expensive miner per TH on this list — costing a whopping $118.75/TH, compared to the $46/TH offered by the E11++ and $88.64 offered by the 8 Nano.
The latest hardware on this list is the Innosilicon T3 43T, which is currently available for pre-order at $2,279, and estimated to ship in March 2019. Offering 43TH/s of performance at 2,100W, the T3 43T comes in at an efficiency of 20.4GH/W, which is around 10 percent less energy efficient than the Ebit E11++.
The T3 43T also has a minimum order quantity of three units, making the minimum acquisition cost $6837 + shipping for preorders. All in all, the T3 43T is more costly and less efficient than the E11++ but may arrive slightly earlier since Ebang will not ship the E11++ units until at least end March 29, 2019.
Finally, this list would not be complete without including Bitmain’s latest offering, the Antminer S15-28TH/s, which — as its name suggests — offers 28TH/s of hash power while drawing just under 1600W at the wall. The Antminer S15 is one of the only SHA256 miners to use 7nm processors, making it somewhat smaller than some of the other devices on this list.
Like most pieces of top-end Bitcoin mining hardware, the Antminer S15 27TH/s model is currently sold out, with current orders not shipping until mid-February 2019. However, the S15 is offered at a significantly lower price than many of its competitors at just $1020 (excluding shipping), with no minimum quantity restriction. At these rates, the Antminer comes in at just $37.78/TH — though its energy efficiency is a much less impressive 17.5GH/W.
Mining Hardware Mining Hardware Comparison
Performance (GH/W) Price Performance Ratio ($/TH)
Ebang Ebit E11++ 22.2GH/W $46/TH
ASICminer 8 Nano 21GH/W $88.64/TH
ASICminer 8 Nano Pro 19GH/W $118.75/TH
Innosilicon T3 43T 20.4GH/W $53/TH
Antminer S15-28TH/s 17.5GH/W $37.78/TH
How To Select a Good Mining Pool
Mining pools are platforms that allow miners to pool their resources together to achieve a higher collective hash rate — which, in turn, allows the collective to mine more blocks than they would be able to achieve alone.
Typically, these mining pools will distribute block rewards to contributing miners based on the proportion of the hash rate they supply. If a pool contributing a total of 20 TH/s of hash rate successfully mines the next block, a user responsible for 10 percent of this hash rate will receive 10 percent of the 12.5 BTC reward.
Pools essentially allow smaller miners to compete with large private mining organizations by ensuring that the collective hash rate is high enough to successfully mine blocks on regular basis. Without operating through a mining pool, many miners would be unlikely to discover any blocks at all — due to only contributing a tiny fraction of the overall Bitcoin hash rate.
While it is quite possible to be successful mining without a pool, this typically requires an extremely large mining operation and is usually not recommended — unless you have enough hash rate to mine blocks on a regular basis.
Although it is technically possible to discover blocks mining solo and keep the entire 12.5 BTC reward for yourself, the odds of this actually occurring are practically zero — making pool collaboration practically the only way to compete in 2019 and beyond.
Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. Because of this, we have broken down the qualities you should be looking for in a new pool into four categories; reputation, hash rate, pool fees, and usability/features:
Reputation
The reputation of a pool is one of the most important factors in selecting the pool that is best for you. Well-reputed pools will tend to be much larger than newer or less well-established pools since few pools with a poor reputation can stand the test of time.
Well-reputed pools also tend to be more transparent about their operation, many of which provide tools to ensure that each user is getting the correct reward based on the hash rate contributed. By using only pools with a great reputation, you also ensure your hash rate is not being used for nefarious purposes — such as powering a 51 percent attack.
When comparing a list of pools that appear suitable for you, it is a wise move to read their user reviews before making your choice — ensuring you don’t end up mining at a pool that steals your hard-fought earnings.
Hash Rate
When it comes to mining Bitcoin, the probability of discovering the next block is directly related to the amount of hashing power you contribute to the network. Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool
Since the total hash rate of a pool is directly related to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. However, the very largest pools also tend the have higher fees but often make up for this with sheer success and additional features.
Sometimes, some of the largest pools have a minimum hash rate requirement ù leaving some of the smaller miners left out of the loop. Although smaller pools typically have more relaxed requirements with reduced performance thresholds, these pools may be only slightly more profitable than mining solo.
Pool Fees
When choosing a suitable pool, typically one of the major considerations is its fees. Typically, most pools will charge a small fee that is deducted from your earnings and is usually around 1-2 percent — but sometimes slightly lower or higher.
There are also pools that offer 0 percent fees. However, these are often much smaller than the major pools and tend to make their money in a different way — such as through monthly subscriptions or donations.
Ideally, you will choose the pool that offers the best balance of fees to other features. Usually, the pool with the absolute lowest fees is not the best choice. Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for most.
Usability and Features
When first starting out with Bitcoin mining, learning how to set up a pool and navigating through the settings can be a challenge. Because of this, several pools target their services to newer users by offering a simple to navigate user interface and providing detailed learning resources and prompt customer support.
However, for more experienced miners, simple pools don’t tend to offer a variety of features needed to maximize profitability. For example, although many mining pools focus their entire hash rate towards mining a single cryptocurrency, some are large enough to offer additional options — allowing users to mine other SHA256 coins such as Bitcoin Cash (BCH) or Fantom if they choose.
These pools are technically more challenging to use and mostly designed for those familiar with mining, happy to hop from coin to coin mining whichever is most profitable at the time. There are even some exchanges that automatically direct their combined hash rate at the most profitable cryptocurrency — taking the guesswork out of the equation.
bitcoin mining pool
Best Mining Pools for 2019
The Bitcoin mining pool industry has a large number of players, but the vast majority of the Bitcoin hash rate is concentrated within just a few pools. Currently, there are dozens of suitable pools to choose from — but we have selected just a few of the best to help get you started on your journey.
Slushpool was the first Bitcoin mining pool released, being launched way back in 2010 under the name “Bitcoin Pooled Mining Server.” Since then, Slushpool has grown into one of the most popular pools around — currently accounting for just under 10 percent of the total Bitcoin hash rate.
Although Slushpool isn’t one of the very largest pools, it does offer a newbie-friendly interface alongside more advanced features for those that need them. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U.S., Europe, China, and Japan — giving it a good balance of fees to features.
BTC.com is another potential candidate for your pool and currently stands as the largest public Bitcoin mining pool. It is responsible for mining around 17 percent of new blocks. Being the largest public mining pool provides users with a sense of security, ensuring blocks are mined regularly and a stable income is made.
Image courtesy of Blockchain.info.
BTC.com is owned by Bitmain, a company that manufacturers mining hardware, and charges a 1.5 percent fees — placing it squarely in the middle-tier in terms of fees. Unlike other platforms, BTC.com uses its own payment structure known as FPPS (Full Pay Per Share), which means miners also receive a share of the transaction fees included within mined blocks — making it slightly more profitable than standard payment per share (PPS) pools.
Another great option is Antpool, a mining pool that supports mining services for 10 different cryptocurrencies, including Bitcoin, Litecoin (LTC) and Ethereum (ETH). AntPool frequently trades places with BTC.com as the largest Bitcoin mining pool. However, as of this writing, it occupies the title of the third-largest public mining pool.
What sets Antpool apart from other pools is the ability to choose your own fee system — including PPS, PPS+, and PPLNS. If you choose PPLNS, using Antpool is free but you will not receive any transaction fees from any blocks mined. Antpool also offers regular payouts and has a low minimum payout of just 0.001 BTC, making it suitable for smaller miners.
Last on the list of the best Bitcoin mining pools in 2019 is the Bitcoin.com mining pool. Although this is one of the smaller pools available, the Bitcoin.com pool has some redeeming features that make it worth a look. It offers mining contracts, allowing you to test out Bitcoin mining before investing in mining equipment of your own. According to Bitcoin.com, they are the highest paying Pay Per Share (PPS) pool in the world, offering up to 98 percent block rewards as well as automatic switching between BTC and BCH mining to optimize profitability.

Electricity Costs
While your mining hardware is most important when it comes to how much BTC you can earn when mining, your electricity costs are usually the largest additional expense. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining.
Most commonly, large mining operations will be set up in countries where electricity costs are the lowest — such as Iceland, India, and Ukraine. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. However, since the government began cracking down on cryptocurrencies, it has largely fallen out of favor with miners.
Technically, Venezuela is one of the cheapest countries in the world in terms of electricity, with the government heavily subsidizing these energy costs — while Bitcoin offers an escape from the hyperinflation suffered by the Venezuelan bolivar. Despite this, importing mining hardware into the country is a costly endeavor, making it impractical for many people.
Finding ways to lower your electricity costs is one of the best ways to improve your mining profitability. This can include investing in renewable energy sources such as solar, geothermal, or wind — which can yield increased profitability over the long term.
if you are looking to buy bitcoin mining equipment here is some links:

Model Antminer S17 Pro (56Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 56Th/s for a power consumption of 2385W.
https://miningwholesale.eu/product/bitmain-antminer-s17-pro-56th-copy/?wpam_id=17
Model Antminer S9K from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1323W.
https://miningwholesale.eu/product/bitmain-antminer-s9k-14-th-s/?wpam_id=17
Model T2T 30Tfrom Innosilicon mining SHA-256 algorithm with a maximum hashrate of 30Th/s for a power consumption of 2200W.
https://miningwholesale.eu/product/innosilicon-t2t-30t/?wpam_id=17
mining wholesale website:
https://miningwholesale.eu/?wpam_id=17
submitted by mohamadk to Bitcoin [link] [comments]

Decred Journal – July 2018

Note: you can read this on Medium, GitHub or old Reddit to view all the links

Development

dcrd: Several steps towards multipeer downloads completed: an optimization to use in-memory block index and a new 1337 chain view. Maintenance: improved test coverage, upgrading dependency management system and preparing for the upcoming Go 1.11 release.
dcrwallet: A big change introducing optional privacy-preserving SPV sync mode was merged. In this mode dcrwallet does not download the full blockchain but only gets the "filters", uses them to determine which blocks it needs and fetches them from random nodes on the network. This has on-disk footprint of 300-400 MB and sync time of minutes, compared to ~3.4 GB and sync time of hours for full sync (these are rough estimates).
jy-p: the server side of SPV (in dcrd) was deployed in v1.2.0, the client side of SPV (in dcrwallet) is in our next release, v1.3.0. Still some minor bugs in SPV that are being worked out. There will be an update to add the latest features from BIP 157/158 in the next few months. SPV will be optional in v1.3.0, but it will become the default after we get a proper header commitment for it (#general)
Decrediton: besides regular bugfixes and design improvements, several components are being developed in parallel like SPV mode, Politeia integration and Trezor support.
Politeia: testing started on mainnet, thanks to everyone who is participating. A lot of testing, bugfixing and polishing is happening in preparation for full mainnet launch. There are also a few missing features to be added before launch, e.g. capacity to edit a proposal and versioning for that, discussion to remain open once voting starts. Decrediton integration is moving forward, check out this video for a demo and this meta issue for the full checklist.
Trezor: Decrediton integration of initial Trezor support is in progress and there is a demo.
Android: app design version 2.0 completed.
dcrdata: development of several chart visualizations was completed and is awaiting deployment. Specifically, voting agendas and historic charts are merged while ticket pool visualization is in testing.
atomicswap: @glendc is seeking reviews of his Ethereum support pull request.
Dev activity stats for July: 252 active PRs, 220 master commits, 34,754 added and 12,847 deleted lines spread across 6 repositories. Contributions came from 6-10 developers per repository. (chart)

Network

Hashrate: the month started at 40.5 and ended at 51.6 PH/s, with a low of 33.3 and a new all time high of 68.4 PH/s. F2Pool is leading with 40-45%, followed by the new BeePool at 15-25% and coinmine.pl at 18-23%.
Staking: 30-day average ticket price is 92.6 DCR (-2.1). The price started the month at 94.6 and quickly retreated to month's low of 85 until 1,860 tickets were bought within a single period (versus target 720). This pushed the pool of tickets to 41,970 (2.5% above target), which in turn caused 10 price increases in a row to the month's high of 100.4. This was the highest ticket price seen on the new ticket price algorithm which has been in effect since Jul 2017. Second half of the month there was unusually low volatility between 92 and 94 DCR per ticket. Locked DCR held between 3.75 and 3.87 million or 46.6-48.0% of supply (+0.1% from previous peak).
Nodes: there are 212 public listening and 216 normal nodes per dcred.eu. Version distribution: 67% on v1.2.0 (+10%), 24% on v1.1.2 (-1%), 7% on v1.1.0 (-7%). Node count data is not perfect but we can see the steady trend of upgrading to v1.2.0. This version of dcrd is notable for serving compact filters. The increased count of such full nodes allows the developers to test SPV client mode in preparations for the upcoming v1.3.0 release.

ASICs

Obelisk posted three updates in July. For the most recent daily updates join their Discord.
New miner from iBeLink: DSM7T hashes Blake256 at 7 TH/s or Blake2b at 3.5 TH/s, consumes 2,100 W and costs $3,800, shipping Aug 5-10.
There were also speculations about the mysterious Pangolin Whatsminer DCR with the speed of 44 TH/s at 2,200 W and the cost of $3,888, shipping November. If you know more about it please share with us in #pow-mining channel.

Integrations

Meet new stake pool: dcrpool.ibitlin.com has 1% fees and is hosted by @life.
An interesting detail about decredbrasil.com stake pool was posted in chat:
emiliomann: stakebrasil is one of the pools with the lowest number of missed and expired tickets. It was one of the first and has a smaller percentage than the most recent ones who haven’t had the time to do so. (...) The Brazilian pool should be the one with the more servers spread around the world: 6 to decrease the latency. This is to explain to you why the [pool fee] rate of 5% (currently around 0.06 DCR) on the reward is also one of the highest. girino: 8 voting wallets now. I just finished setting up a new one yesterday. All of them in different datacenters, 3 in europe, 3 in north america, 1 in brazil and one in asia. We also have 3 more servers, 1 for the front end, one for "stats" and one for dcrdata. (#general)
On the mining side, Luxor started a new set of pool servers inside mainland China, while zpool has enabled Decred mining.
StatX announced Decred integration into their live dashboard and public chat.
Decred was added to Satowallet with BTC and ETH trading pairs. Caution: do your best to understand the security model before using any wallet software.

Adoption

VotoLegal update:
Marina Silva is the first presidential candidate in Brazil using blockchain to keep all their electoral donations transparent and traceable. VotoLegal uses Decred technology, awesome use case! (reddit)
The story was covered by criptonoticias.com (translated) and livecoins.com.br (translated), the latter received hundreds of upvotes and comments on brasil.
On the OTC trading front, @i2Rav from i2trading reports:
We continue to see institutional interest in DCR. Large block buyers love the concept of staking as a way to earn additional income and appreciate the stakeholder rights it affords them. Likening a DCR investment to an activist shareholdebondholder gives these institutions some comfort while dipping their toes into a burgeoning new asset class.

Marketing

Targeted advertising reports released for June and July. As usual, reach @timhebel for full versions.
Big news in June: Facebook reversed their policy on banning crypto ads. ICO ads are still banned, but we should be OK. My team filled out the appeal today, so we should hopefully hear something within a few days. (u/timhebel on reddit)
After couple weeks Facebook finally responded to the appeal and the next step is to verify the domain name via DNS.
A pack of Stakey Telegram stickers is now available. Have fun!

Events

Attended:
Upcoming:

Media

Featured articles:
Articles:
Some articles are omitted due to low quality or factual errors.
Translations:
Videos:

Community Discussions

Community stats:
Comm systems update:
Articles:
Twitter: Ari Paul debates "There can be only one" aka "highlander argument".
Reddit and Forum: how ticket pool size influences average vote time; roadmap concerns; why ticket price was volatile; ideas for using Reddit chat for dcrtrader and alternative chat systems; insette's write-up on Andrew Stone's GROUP proposal for miner-validated tokenization that is superior to current OP_RETURN-based schemes; James Liu's paper to extend atomic swaps to financial derivatives; what happens when all DCR are mined, tail emission and incentives for miners.
Chats: why tickets don't have 100% chance to vote; ideas for more straightforward marketing; long-running chat about world economy and failure modes; @brandon's thoughts on tokenizing everything, ICOs, securities, sidechains and more; challenges of staking with Trezor; ideas how to use CryptoSteel wallet with Decred; why exchange can't stake your coins, how staking can increase security, why the function to export seed from wallet is bad idea and why dcrwallet doesn't ever store the seed; ticket voting math; discussion about how GitHub workflow forces to depend on modern web browser and possible alternatives; funding marketing and education in developing markets, vetting contractors based on deliverables, "Decred contractor clearance", continued in #governance.
#dex channel continues to attract thinkers and host chats about influence of exchanges, regulation, HFT, lot sizes, liquidity, on-chain vs off-chain swaps, to name a few topics. #governance also keeps growing and hosting high quality conversations.

Markets

In July DCR was trading in USD 56-76 and BTC 0.0072-0.0109 range. A recovery started after a volume boost of up to $10.5 m on Fex around Jul 13, but once Bitcoin headed towards USD ~8,000 DCR declined along with most altcoins.
WalletInvestor posted a prediction on dcrtrader.
Decred was noticed in top 10 mineable coins on coinmarketcap.com.

Relevant External

One million PCs in China were infected via browser plugins to mine Decred, Siacoin and Digibyte.
In a Unchained podcast episode David Vorick shared why ASICs are better than GPUs even if they tend toward mining centralization and also described Obelisk's new Launchpad service. (missed in June issue)
Sia project moved to GitLab. The stated reasons are to avoid the risk of depending on centralized service, to avoid vendor lock-in, better continuous integration and testing, better access control and the general direction to support decentralized and open source projects.
Luxor explained why PPS pools are better.
@nic__carter published slides from his talk "An Overview of Governance in Blockchains" from Zcon0.
This article arguing the importance of governance systems dates back to 2007.
Bancor wallet was hacked. This reminds us about the fake feeling of decentralizaion, that custody of funds is dangerous and that smart contracts must have minimum complexity and be verifiable.
Circle announced official Poloniex mobile apps for iOS and Android.
On Jul 27 Circle announced delisting of 9 coins from Poloniex that led to a loss of 23-81% of their value same day. Sad reminder about how much a project can depend on a single centralized exchange.
DCR supply and market cap is now correct on onchainfx.com and finally, on coinmarketcap.com. Thanks to @sumiflow, @jz and others doing the tedious work to reach out the various websites.

About This Issue

This is the 4th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Chat links were changed to riot.im from the static web viewer that suffered from UX issues (filed here and here). We will consider changing back to the static viewer once they are resolved because it does not require javascript to read chat logs.
In the previous issue we introduced "Featured articles". The judgement is subjective by definition, if you feel unfairness or want to debate the criteria please check this issue.
Feedback is appreciated: please comment on Reddit, GitHub or #writers_room.
Contributions are also welcome, some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Haon and Richard-Red.
submitted by jet_user to decred [link] [comments]

Cloud Mining – Make Earnings With Low Risk And Lower Costs

Cloud Mining – Make Earnings With Low Risk And Lower Costs


Bitcoin has gone through a bear market for more than a year and finally welcomed a strong market rally. Since April, the winning streak made Bitcoin up to $9,073 at a point, risen by 170.6% within the year, doubling the currency price.
As the market gradually picks up, the number of contract trading users is also increasing, meanwhile, mining and related industries are slowly rising, the fast sold out of Antminer S17 series since on-sale is the best proof. 58COIN launched BitHash services mainly focusing on miner custody and cloud mining. Recently, the periodic cloud mining service will be launched, starting from 1T and provides flexible period choices for various investors.

Whether being mining or miner custody, it is inseparable from the mining machine, then what is mining? Do you want to make money in mining? What are the determinants? Let's briefly analyze it:
What is mining? What is a miner?
Everyone knows that Bitcoin is a peer-to-peer payment system, and its core is trading. We need to use a ledger to keep track of accounts, just like the bank helps bookkeeping when we transfer money at a bank. The one that acts as the bookkeeper is called a miner in Bitcoin.
It doesn't matter what the bookkeeping method is, it is the specific bookkeeper – miner that counts. Since the Bitcoin system does not have a central node like a bank, everyone can compete for the position of a miner and get the right to book the bitcoin system. However, if everyone is coming to compete, who should be entitled the right? How can you prove that you did work? How to ensure that the miner does not record the false account? The inventor of Bitcoin, Nakamoto, has designed an intelligent method called Proof-of-Work (PoW) system.
The Bitcoin system will let everyone involved solve a math problem - calculate the hash value. The one who first solves the problem will be recognized by the whole network and get the reward, and the speed of solving it depends on the high and fast computing power. In a word, the mining is actually using a machine to participate in a math game, whoever calculates the answer first will get the bitcoin reward.

The mining equipment is called the ”miner”. Due to the increasing difficulty of computing power, the miner is constantly upgraded, experiencing the development of CPU – GPU – FPGA – ASIC – mining pool.
“Who” determines the mining earnings?
There are several factors that affect the earnings of mining. The first is the currency price, obviously, the higher the currency price, the more profitable the mining is; the second is the difficulty of mining, if the mining difficulty rises slowly, more mining earnings will be got; the third is the cost, low mining costs can make high profits, and the cost here refers to the purchase cost of miners and operating costs, including miner fees, labor costs, O&M costs, electricity costs, etc.; the last factor is the computing power, the higher the computing power in a given period of time, the more coins will be mined.
Therefore, it is very similar to speculating coins. The key point of making money by mining is: buy low and sell high! If you have a very low electricity bill, you can buy a miner to mine. Besides, if you can buy low-cost computing power, you can also mine.
BitHash – The Optimal Choice for Conservative Investors
After seeing the recovery of the currency market, many individual investors are eager for trading the contracts, while the new investors are preparing to enter the mining market. However, there are some obstacles that individual investors may encounter when mining: 1) You may be not able to see the price of the market in real time; 2) You may not be capable of finding a suitable large-scale power supply; 3) You cannot make sure the 24-hour operation and maintenance of the miner.
But this problem has been solved, the BitHash service launched by 58COIN has all the necessities required for making profits in mining, for example, the first batch of the hot sale Antminer S17 and S17Pro series, with high mining power and low electricity costs and PPS+ earnings distribution model, were sold at about 15,000 CNY (approx. $2,189.33) per miner, and users do not need to be responsible for the operation and maintenance of the miner. Such service is indeed profitable for investors. Therefore, the miner custody service was sold out as soon as it was launched.
58COIN provides tailored services for diverse investors. If you think that the cost of one-time expenditure for the miner custody is too high, you can choose cloud mining – a product that allows users to lease and enjoy earnings based on each T hashrate or designated period of time accordingly. Starting from 306CNY/T (approx. $44.33/T) and with no upper limit, investors, whether being large, medium, or small can invest according to their financial plan. Due to the hot sales of the buy-and-mine cloud mining, the platform added a 1,000T cloud mining yesterday to meet the needs of users.


According to 58COIN, it will launch a periodic cloud mining service in the near future. Compared with the perpetual cloud mining, this new service boasts more optional periods and a shorter static payback period.
With low entry entering requirements and reasonable pricing, most investors have the opportunity to get permanent earnings at lower costs. Regarding this issue, Steven, the Operations Director of 58COIN, said: “Following the rebound in the Bitcoin price, the static payback period is rapidly compressed, it will be a good choice for conservative investors to invest in cloud mining.”
Website: https://www.58ex.com/
Facebook: https://www.facebook.com/coin.58COIN
Twitter: https://twitter.com/58_coin
Telegram: https://t.me/official58
submitted by 58CoinExchange to u/58CoinExchange [link] [comments]

آلهة has been created

By Arthur G. Staples ON "THE INFLUENZY" DOC'S been here agen terday! Seem's ez ef he come ter say "How yer gettin' on terday?" lookin' at me where I lay. I ain't talkin' over much; ain't no need ter air my lore. Eyes a burning' where they be; ears a bustin' with a roar; mouth thet's like a shingle-mill; dry's the handle of a pump; back that's broke square in two bout four inches 'bove the rump! So I ain't so long on talk. Got no answer fer the doc! Doc don't seem ter mind me none; sets around a little bit; pulls a little dictaphone; lays it on my kroop- er-bone; makes me breathe and holler "A-a-ah"; breathe an' intake; breathe an' groan through the little dictaphone. Sez he after quite a spell. "Them Bolsheveeks is raisin' hell! D'ye think ol' Wilson's doin' well?" Take my tempertoor agen; thumps me on the abdo- men. "Think it's goin' ter snow agen?" But I don't want no casual chat. I don't call no doc, fer that. Got no call for Bolsheveeks, fer at least a couple er weeks! Don't keer ef it snows an' snows ef I could only blow my nose! I want facks! Right off'n the bat! I don't want no social chat! Ef I'm wusn't what I wus, what's the reason; what's the cause? What's the status of he case; tell te facks right to my face; lemme know the wust and best; is my innards all congessed; are there bones loose in my pate; is my backbone dislocate; ef I ain't got no tempertoor an' no disease fer sure, what in time's ther howdydoo ef 'taint the pip and 'tain't the flu? Doc he sets around a bit. "Man!" says he, "you're lookin' fit! Have you fightin' Dempsey yit." Then I looks Doc in the eye: "Tie the bull outside," says I. "Doc, I bleeve I'm goin' ter die. I'm dead now above my chin! Eyes and nose and ears and all! Ain't breathed reglar fer a week! Jints all movin' with a squeak. Every time I move my jaw, feel's ez though I'd broke the law. Doc," says I, "it's up ter you! Ef t'aint the pip and 'tain't the flu how yer goin' ter pull me through?" Doc he sets an' thinks erwhile; then he answers with a smile, "Ain't you the chap wrote a talk, couldn't eat and couldn't walk, waited fer the birds to sing, an' the comin' of the spring; wanted to loaf by a larfin stream, set an' fish an' fish an' dream, nuthin' but bees an' bugs an' things, thet live right where the wild stream sings. Maybe that ain't jest carreck, but sumthin' at least to that effeck." An' the doc he opens a bag he lugs. "What you need," sez he, "is a dose of bugs." An' sure enough I'm gettin' well; ain't felt so peart for quite a spell. Wuz over a billion bugs, they say, in the shot doc gimme the other day. Reely feel I'm comin' to; 'tain't the pip an' 'tain't the flu; but jest er case when all I need is sumthin' off'n the flowery mead, an' when you can't inject the Spring nor a dose of blue- bird on the wing, nor brooks that run, ner vi'lets blue ter cure the pip er cure the flu, why! the next best thing the doctor lugs is a shot of erbout a billion bugs. An' as they sort o' crawl eround, I can somehow feel I'm on the ground, with all the rest that my fancy hugs, the birds an' bees an' the billion bugs. 
from Jack in the Pulpit, by Arthur G. Staples Copyright, 1921, A. G. Staples Lewiston Journal Company, Lewiston, Maine; pp. 3 - 4
Make America make sense again, lest I cease to exist. Even in the absence of functional institutions of journalism and government, a responsive Executive Branch could bring the 9/11 terror system to heel. Please consider writing in a vote for MARLEY ENGVALL, for President of the United States of America.
https://www.paypal.com/pools/c/8lVTi6EIcF [anything helps. no amount too small. eternal thanks.]
https://www.courtlistener.com/docket/4357335/doe-v-trump/
ON "THE INFLUENZY" ON "BENDS IN RIVERS" ON "THE MARKS ON THE DOOR JAMB" ON "YOUTH" ON "PUMPS—ESPECIALLY CHAIN-PUMPS" ON "THANKSGIVING DAYS" ON "READING ALOUD" ON "OLD LADIES WITH SWEET FACES" ON "OLD TIME TORCHLIGHT PROCESSIONS" ON "MY AUNT'S MILLINERY SHOP" ON "A RIDE TO BATH" ON "THE QUALMS OF GOLF" ON "STILTS" ON "MY BEST UMBRELLA" ON "A SERMON ON THE SEED" ON "THE FIRST FROSTS" ON "AN OLD BASEBALL STORY" ON "YOUR FIRST TROUSERS" ON "THE SPECTRES IN OUR PATH" ON "CO-OPERATION AFTER A FASHION" ON "HAVING NOTHING TO DO" ON "SOME OLD NEWSPAPERS" ON "BACK TO THE OLD SCHOOL" ON "SPRING AND DAISIES" ON "PEONIES" ON "THE VALUE OF CHARACTER" ON "THE LITTLE VILLAGE" ON "A PERSONAL MATTER" ON "THE ETIQUETTE OF SWIMMIN'" ON "GOING BERRYING" ON "THE OLD PEDLER'S CART" ON "VAGABONDS" ON "MY FIRST JACKKNIFE" ON "THE OLD-TIME BREAKING OUT OF ROADS" ON "WHEN THE MINISTER CAME" ON "THE PUSSY-WILLOWS" ON "CARVING ONE'S FIRST TURKEY" ON "ABRAHAM AND LOT" ON "THE OLD BRICK OVEN" ON "A LITTLE BUCK-UP STORY" ON "NOAH" ON "THE ELM TREE" ON "HOW I TIRED OF FARMING" ON "THE SMELL OF A BRUSH FIRE" ON "GHOSTS AND SUCH" ON "CHURCH DINNERS" ON "THE CROWS IN THE SKY" ON "DRIVING HOME THE COW" ON "LAST DAYS OF SCHOOL" ON "OLD MAIDS" ON "CAMP-FIRES" ON "GOING TO THE MOVIES" ON "PRODIGIES" ON "CERTAIN NOISES" ON "GRAVES BY THE RIVER" ON "GRANDFATHER'S CLOCKS" ON "SOPSEY-VINES" ON "AN OLD NOTION OF WAR'S ENDING" ON "WHAT OUR FATHERS READ" ON "THE SLEEPING CHILD" ON "THE CAVERN OF THE SNAIL" ON "FALL PICKLING" ON "WOODLAND POOLS" ON "AMIABILITY AT HOME" ON "A WOMAN HANGING OUT THE CLOTHES" ON "THE CLAM" ON "SAND" ON "FORMING ONE'S PERSONALITY" ON "GRANNIE" ON "SHADOWS" ON "HELPING THE BOY" ON "THE LESSONS IN THE RAINBOW" ON "HAIR AND HEADS" ON "A TALK TO CHILDREN OF ALL AGES" ON "RACE SUICIDE" ON "CLEARING OFF AFTER STORMS" ON "REFORMING AS A BUSINESS" ON "RESOURCEFULNESS" ON "WOODCHUCKING" ON "HAVING THE LUMBAGO" ON "FACES WAITING AT THE WINDOW" ON "ADVICE TO REPORTERS" ON "EATING YEAST" ON "THE MAINE OF 100 YEARS" ON "SAP-BOILING TIME" ON "THE FIRST CROW" ON "GOING TO SUNDAY SCHOOL" ON "THE CHIMNEY CORNER" ON "SULPHURANDMOLASSES" ON "HAVING A SYSTEM" ON "AN OLD TEXT" ON "RIBBON GRASS" ON "MY ALARM CLOCK" ON "AUTUMN IN THE CELLAR" ON "RIDING IN SMOKING CARS" ON "COBWEBS"
սա ձեր տարածք. բարի եղեք միմյանց հանդեպ. https://old.reddit.com/thesee [♘] [♰] [☮]
submitted by MarleyEngvall to alihat [link] [comments]

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

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

Waterhole IO: mining pool, messaging platform, AIO miner, and marketplace

WATERHOLE IO: https://waterhole.io/
Waterhole IO is an established company with experiences in the cryptocurrency field since 2012 by delving into miners, trading, and now we have grown into a full-blown software development company specializing in blockchain technology. You may have heard of us or traded with us before under our handles BestCoin or atCoin on LocalBitcoins (https://localbitcoins.com/accounts/profile/bestcoin/). There are several key aspects of Waterhole IO as we strive to simplify and incorporate blockchain, mining, and cryptocurrency into our everyday society as listed below.
MINING POOLS
Waterhole IO operates several mining pools for different cryptocurrencies. At this moment, our online pools are BCH, ZEC, ETH, and ETC. In the future we hope to support even more coins as we establish ourselves further.
MOBILE APPLICATION for iOS and Android
Messaging Platform
Multi-coin wallet
Secure Trades
Miner Enhancement
AIO MINING SOFTWARE (https://waterhole.io/software)
MARKETPLACE
FREQUENTLY ASKED QUESTIONS (FAQs) (Updated 02-27-18)
Questions, comments, feedback? You can contact us directly at [email protected] or comment below and we do appreciate your inputs to help improve the quality of our work.
submitted by waterholeIO to gpumining [link] [comments]

BITPOWER ANNOUNCES HASHLOFT.IO: MULTI-ALGO MINING POOL

We are pleased to announce HashLoft (https://hashloft.io/) which is open for users all around the world. Bit Power International Inc.(BITPOWER - https://www.bitpower.io) has invested significant resources into developing the most efficient, AI & ML driven Multi-Algorithm Mining Pool. HashLoft currently supports SHA-256, SCRYPT and X11 algorithms, with many more to come.
Hashloft’s unique and user-friendly DeversiPay™ payout system, easily allows payouts to be received in Bitcoin, Bitcoin Cash, Litecoin, DASH, and many other popular coins by having a fraction of your income distributed across several cryptocurrencies.
HASHLOFT.IO IS CONNECTING THE WORLD
Soon we will have optimal geo-distributed mining pool with connection points deployed around the world to improve performance, provide redundancy, and ensure the highest levels of uptime are met. Miners will be automatically routed to their closest geographic location, including:
• United States • Europe • …and more to come
FEATURES
HashLoft provides a special Multi-Algo mining pool which creates the ability to mine any cryptocurrency coin from the most popular hashing algorithms.
HashLoft’s flexible platform delivers both public and private pools for enthusiasts and mining farm operators with capabilities ranging from: • Best in class, User-Friendly Pool Management and Control system • Advanced AI and ML-driven logic allowing extraordinary coin hopping efficiencies • A unique payout system allowing fractional multi-cryptocurrency distributions in the coins of your choice • Best-in-class support for ASICs (GPUs is coming in the nearest future) of different vendors and hashing algorithms • Graphical displays for hashing speeds, income and pool statistics. • Up to 3% fees and PPS earnings.
Pool Registration, Support, & Ticketing System
HashLoft is a VIP, by request, member’s only pool. Interested parties are able to request membership by submitting the Private Registration Request form located on the HashLoft.io website. Upon successful verification and user validation by HashLoft’s Security Team, the user will receive multiple e-mails with the requisite HashLoft credentials. Please note that each HashLoft account request is manually vetted and reviewed by our Security Team prior to being accepted.
HashLoft provides fanatical support delivered by Real-People!
Your feedback is important for us to develop and improve our products. Ticket page: https://support.bitpower.io
Getting Started
In order to start mining you basically need just two things, create an account with our pool and setup your miner.
1. Sign-up for a new account • Sign-up (https://hashloft.io/pool_new/signup) and wait for a confirmation email. • Login (https://hashloft.io/pool_new/login) to your account.
2. Configure Your Device In order to mine on HashLoft, your miner(s) must be pointed to one of HashLofts stratum servers below and user credentials for your account have to be specified.
HashLoft currently supports several distinct endpoints that support Coin-Switching.
• Coin-Switching – leverages HashLoft’s proprietary AI/ML coin-hopping algorithm to automatically mine the most profitable coins at a given time, within a specific cryptographic hashing algorithm. HashLoft users can easily leverage this technology by selecting the appropriate crypto algorithm supported by their miners and HashLoft will generate the connection endpoint.
o Scrypt o SHA256 o X11
2.1 Click on the Settings page, in the top, left corner of the HashLoft website, as shown below:
https://preview.redd.it/6zon51v3rpw11.png?width=1496&format=png&auto=webp&s=0ca045eb211a59f2d8855922f197788be705613c
2.2 Scroll to the “ENDPOINTS” section located towards the bottom of the page. To leverage HashLoft’s proprietary AI/ML coin-hopping algorithm to automatically mine the most profitable coins at a given time, as a first step, select the appropriate cryptocurrency algorithm supported by your miner, by selecting the algorithm from the drop-down box shown in step 2 below. As an example, for Bitmain AntMiner S9 select SHA256, for Bitmain AntMiner L3+ select Scrypt, for Bitmain Antminer D3 select X11, etc. The final step is to click on the “Generate Endpoint” button.
https://preview.redd.it/qtoxxcp7rpw11.png?width=1473&format=png&auto=webp&s=2fc3d6564a9f4e06b3b44f7bd05035d65ff80c22
2.3 A similar popup screen will appear with the Login, Password, Algorithm, and URL details that you will need to use when configuring your miner(s). PLEASE NOTE: The above image is a representation and does not contain your actual configuration.
https://preview.redd.it/8h47eccbrpw11.png?width=504&format=png&auto=webp&s=611962a208d7d9ad8c715415f58016d21ecbbe41
NOTE: The above image is a representation and does not contain your actual configuration. NOTE: The password can be an arbitrary text since there is no security issue present here. If someone tried to connect to our servers with your credentials, he would be just mining for your benefit.
3. Setup your payout address To collect your reward you have to set a payout address. It can be done through the Wallet section of the HashLoft pool. The Wallet section allows you to configure multiple wallet addresses for payout, set coin for payout, set payout proportions, and/or withdraw currently mined coins in their present currency without any exchange.
If you don’t have an address, you need to get a bitcoin wallet first:
• bitcoin.org • bitcointrezor.com
To define a wallet address for a specific cryptocurrency, click on the “Define New Payout Wallet” button, select the desired cryptocurrency coin, input your wallet address, and set the desired payout proportions. After all settings have been verified, press the “Save” button.
Screenshots Main Dashboard - Many professional miners call HashLoft Multi-Algorithm Mining Pool as one of the simplest and most user-friendly Pools!
https://preview.redd.it/9rngyskbspw11.png?width=994&format=png&auto=webp&s=7087a01c55ff9a25b1f4e93a27fb628673aa5cba
Payouts/Wallets - Hashloft.io provides the ability to mine any cryptocurrency coin from the most popular hashing algorithms and allows you to configure multiple wallet addresses for payout, set coin for payout and set payout proportions!
https://preview.redd.it/hv3obszdspw11.png?width=994&format=png&auto=webp&s=31ec75d9a93e5f7a051d95a8713b94f83da7d9fc
submitted by HighClouder to u/HighClouder [link] [comments]

Community-led Discord AMA Transcript - October 12th, 2018

On October 12, our CEO - Marshall, Director of Product - Patrick, Director of Business Operations - Kristal, and Senior iOS Engineer - Ephraim stopped by the community-led Discord channel to answer your questions. Here’s a transcript of the questions and answers.

On Crumbs...

meakkineni: Can you give us some Crumbs stats? Like the number of downloads, total amount managed by Crumbs etc
Patrick: Unfortunately cannot go into detail but we are into the thousands of users.
meakkineni: From the jobs postings looks like you are recruiting more people for Crumbs. Can you tell us about some of the exciting new features that are going to be implemented?
Patrick: Expect to see on-demand purchase of crypto bundles, mainnet deposits and withdraws, integration with Metal Pay, and more coins! Over the coming months, we plan to offer lower fees for MTL holders, unlock features, and more!
Abu: Is Crumbs going to include any gamification aspects in the future? How is the marketing strategy for Crumbs differ from pay?
Patrick: Yes, we will add an element of gamification in the future, the current focus is user acquisition
Marshall: Yes big surprise coming here, but I'll save that one for later. the marketing strategy will be closely tied together for both apps as they are tied together, and you will see this from a technical and feature perspective as time progresses

On Metal Pay…

red: How come we don't have referrals yet? Are we holding the feature back for some reason?
Ephraim: Referrals is one of the most exciting features we have in the works, because not only is it a technical challenge on both front-end and back-end, but it also introduces a new way to earn Pop. In fact, we’re just about wrapping up and finalizing the details for this feature, while making plans to translate the tech to support even more ways to earn rewards in the app. Something to look out for in version 1.1.0 😏
flumpson: My biggest hurdle in getting people to sign up is that their bank doesn’t work. In my case it was Citi. When will there be router and account number signup for people who aren’t served by plaid?
Ephraim: Currently the app integrates Plaid, a bank-linking SDK that supports over 90% of U.S. banking customers and is used by some of the biggest names in FinTech. We are aware however that online banking is required with your financial institution, and one way around that is routing/account number input. This feature is on our roadmap as a new service that will verify your account via micro-deposit. TLDR; it’s definitely coming!
Mondo: How do you see Metal Pay taking market share from the more popular apps like Venmo and CashApp? What will convince new users to switch over?
Marshall: I really believe through innovation, amazing user experience and specifically the value proposition to users on new behaviors and new technology. Specifically, I believe PoPP and the interactions with crypto to be completely new behaviors that the mass market is yet to be introduced to. Being paid (currency not points) for making a payment? I think this is a new concept and one that Metal owns. What will convince them? This is the hard question. A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings). When I started this company I recognized that design, user interface, user experience, incentives, and proper information were the biggest holes in cryptocurrency. We are hitting on all of these pieces.
Mondo: “A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings)" - is there an estimated date for this campaign? I'm sure your community would love to help where possible as well.
Marshall: We are in the process now of smoke testing our campaign strategies, and we will certainly be involving the community as we begin.
biyamin: "I am not okay putting my social security number in [Metal Pay]. Is there another way?"
Ephraim: This is one of mostly heard feedback, and we’re aware of the friction it can cause among new users. However, it is due to our financial partners' requirements, U.S. law, and FDIC insured Cash balance (we create a bank account on behalf of users) that prompt us to ask for SSN during on-boarding. Rest assured, we have a plan in placed to make onboarding as streamlined as possible, especially when SSN no longer serves as a fool-proof means of identity verification, due to recent security breaches by large firms. Finally, we have in our roadmap to allow users onto the Metal platform with limited KYC.
Marshall: Yes in the future you will be able to skip over this requirement, however linking in personal information will make you eligible for PoPP (this serves as the anchor), without it you won't be able to access those rewards and some special features like having a bank account with us.
jake_eisenberg11: When will Metal Pay release in New York happen?
Marshall: This is a tough one, it will happen upon one of two things coming to fruition. An exchange partner joins us who has a Bitlicense and will deeply integrate their back-end with us or us acquiring our Money Transmission License for NY and the accompanying Bitlicense (which if this is the case will take at least 1 year). That being said we're shooting for the former obviously, a partner to help us fast track and we've got a few in the pipeline
[A bunch of different people]: When will Metal Pay release in [insert location here]?
Kristal: I can assist with all the WHEN will Metal Pay release in MY STATE or COUNTRY. We have no firm timelines on either, but we are pursuing all states and expanding to Europe/Asia simultaneously… Ditto for Crumbs.
Jan: Quick one - Metal Pay debit cards?
Marshall: VERY SOON, it's next up on our feature roadmap
redruggles5: Really excited about Metal Pay for merchants, particularly micro-business. Are you able to tell us how that will look and where in the timeline that is? Do you have plans to integrate with current bookkeeping software like QuickBooks, plans for accepting credit cards/integration with Pay, etc? The biggest objection I get is in regards to integration with their current system, the ability to accept cards, addition of QR codes or another private way for customers to pay besides their phone number. Lastly, will there be a separate referral system for merchants?
Marshall: We are very excited as well, in terms of merchants we are going to start with the integrations into existing POS. Integrating with QuickBooks and Intuit are a must for crypto record keeping for S/M/L business, we have ambitious plans for this. Referral system for merchants via consumer - YES.
ekasu: Is there a possibility to increase the Metal Pay bank transfer speed (from 1 day or so currently to within the same day like Venmo) to increase competitiveness/attraction?
Marshall: Yes with Instant ACH for US customers, a feature we will be adding and is in the PF board on Jira
Bitcoinbella: Are there any plans for retail stores to use Metal yet?
Marshall: Yes, a big part of our plan of attack here is to launch first with the debit card so we can go anywhere Visa/MC is accepted. The next step is to go after small business with technical integrations through payment partners as well as simple QR codes at the register similar to Wechat/Alipay (China really inspires me). Technical integrations - this means WooCommerce, WordPress, Shopify, Authorize.net, etc, and for physical brick and mortar stores working directly with processors (lots of them see Square as a threat and are much larger, eventually Square will go to cut out interchange and stick it to the credit card companies, many partnership opportunities abound)
jake_eisenberg11: When cannabis merchant service?!?!?!
Marshall: We have pivoted away from high-risk merchants, that being said crypto is like cash and is permission-less. The bank poses no restrictions on what you do with cash withdrawn from the ATM unless you are doing something that could be considered illegal or pose harm to the bank. Very similar to us, replace paper cash with crypto.
ekasu: What is the deadline looking for these features: (a) transfer Metal to erc20 wallet/Metal vault; (b) use Metal Pay with merchants
Marshall: Mainnet deposit/withdrawal early end of this year or January. Metal merchants will kick off with our card integration for consumers, integrations for Merchant will start next year (upon hiring more developers) Glenn very early on built a very cool WordPress plugin for WooCommerce. These integrations for WP, Shopify, etc will come first and most likely early in 2019.
meakkineni: Looking at things so far, I have a feeling that PoPP score implementation has barely started. What is the time frame we are looking for it to go live?
Marshall: PoPP score is implemented just not integrated into the UI, this is a high priority one for us.

On MTL...

Decoder1: There's been talk about making the MTL token more prominent in both Crumbs and MetalPay. Some things which have been mentioned are discounted fee's, moving it to the top of the buy list, unlocking special features and obviously the increased POPP score which has already been confirmed. Are these still in the works or have they been shelved? If so are there any other bonus features Metal are considering?
Marshall: I'm really looking forward to adding these additional features to highlight the special function of MTL inside the Metal ecosystem of apps. Some things that have not been talked about yet are early access on special features for users with a MTL balance, gamified features to unlock surge PoPP, partner integrations and more.
NilesCrane: What will be the utility of the MTL token when other tokens are available to be popped? What will being the 'native currency' for the Metallicus apps involve and why would you expect this to drive the token price higher when other tokens are available in the same network?
kt: When will we start to see some other utilities for the MTL token through pay and Crumbs etc, other than the existing PoPP mechanism, and what are they likely to be?
Ephraim: We have a grand vision of how Metal and Pop will play a role in your daily experience on the Metal platform. Although we can’t go into too much detail into the features we have in our roadmap, we can say that MTL token will be an essential part of the Metal platform and overall ecosystem. Earning Pop when making payments is the stepping stone to realizing this vision, as we become the best, most rewarding, and user-friendly payments/crypto platform on the market.
Deaethtofiat: Will Metal's [ticker] still be changing?
Marshall: That [$XMT] is something we want to do upon announcing our mainnet chain.
Tblgu: Did Metal pay a fee for Bittrex relisting?
Kristal: Simple answer is no. We haven't seen any American-based exchanges charging for listings, and we believe the Bittrex re-listing was based entirely on the merits of our company.
marc0o: I know it might take a while until Metal reaches Europe. My favorite and IMO very promising exchange (Lykke) often gets the question whether PayPal can be used to deposit EUR or FIAT in general. Do you think it would be possible and useful to partner up with exchanges to provide FIAT deposits/withdraws?
Marshall: Yes we absolutely do and are talking to top exchanges right now, there are so many exchanges that are crypto/crypto only and we think we make a very nice fit for an integration to be the onramp/offramp, p2p payments, spending and link to the merchant world. This is a critical part of our business model and so far we are seeing HEAVY interest.
lemme: Why is Metal selling so much $MTL from the operational pool for such a low price?
Marshall: Selling and spending are two different things, so I think one of the assumptions is that selling = spending which is not the case. Yes, we are selling MTL to fund our operating bank, but not spending it at the rate that we are selling it. We are doing this because of three reasons: (1) We raised a very small amount last year to build out our apps (which arguably we have delivered) $3m vs most crypto startups raising $20m+ and we have delivered much, much more. (2) We need to demonstrate a full year of burn in the bank account to close the audit. (3) We need to close the audit to retain our money transmission licenses to get all fifty states, Europe as well, in addition to certain features like in app-exchange that we do directly. We're actively growing the company and as soon as we close Series A we will stop selling and focus on accumulating (not only MTL, but certainly as much MTL as we can get our hands on while diversifying).
ekasu: How likely is that more MTL is taken out of the operational pool in the short term, which can decrease the price much more?
Marshall: MTL will be taken out of the operational pool until the successful closing of our financing round which we are in the process of right now
meakkineni: Have you come up with any other significant use cases for MTL apart from BNB style use case in Crumbs and building a better PoPP score?
Marshall: Yes, and you will be hearing more about that as we plan to release an updated paper showcasing the fully decentralized aspects of the chain we are building.

On Metal…

marc0o: I hope I remember it right. A while ago Marshall talked about Metal being a service targeting people that do not have a bank account. Is this still on the roadmap?
Marshall: Yes it is. I know it may not appear that way right now but I firmly believe a good product keeps a narrow execution and a large vision. So the first part of the network and what will eventually become decentralized is starting on the equivalent of testnet or centralized (this is not too different than Bitcoin or Ethereum in the early days). We’re starting with linked bank accounts and moving to keep that as an option that people can skip over and opt to choose a stable coin, all while creating a Metal profile and [obtaining a] PoPP score.
Parker: Would Metal consider doing token buybacks (a la BNB)? Are they even legal in the U.S.? Could doing so make Metal a security?
Marshall: As a company, we will buy different cryptocurrencies at different times depending upon the market situation, buying MTL is something that we will do, as far as any guarantee to x amount being bought back per quarter or percentage of profit, that is most likely indefinitely off the table for a US company.
CryptoSheffield: Do you “own” the PoPP concept?
Marshall: We own trademarks yes, the first mention of media and are working on a provisional patent. This type of thing is very hard to get a patent for even harder to defend right now.
Future: Some people noticed Sid no longer on the website. Has he moved on? If so what's the story there?
Kristal: Sid put together some beautiful designs and helped shape and create the early stages of Metal until it's launch. As we move into the next stage of post-launch, we amicably parted ways with Sid and wish him continued success wherever he goes. As a company, we're on the hunt for a Principal Designer to continue our progress on great design and user interface, to push us into the next phase of our product.
Marshall: I'd also like to add design is incredibly important to me and the reason I hired Sid. If you follow my work from my first crypto/fintech startup I've always been a stickler for amazing user experience and design, specifically with Metal I'm going above and beyond and creating what I believe to be a work of art, something that will be on showcase in the Moma in 20 years from now on a design exhibit.
SciGuy: You guys still thinking of launching in Korea? Of all the places, this is where I'm actually going to be paying very close attention. Korea loves crypto.
Marshall: BIG TIME. We want to enter the Korean market ASAP as we know we have quite a few fans there. The goal is to quickly enter the international market by the end of this year. Now that Nebula is working the next hurdles are bank/FI partners, licensing, localization and marketing (its more complicated than that but those are the critical pieces to expansion). Keep in mind we will be allowing anyone in the world to sign up in the future and skip bank while choosing a stablecoin as their "bank" fiat choice. This goes back to the unbanked question. If we just release a crypto wallet and say tada we've banked the unbanked... have we really? I'm serious when I say it. And you can see it in the progression with our products and the vision. Gotta link existing banked citizens along with merchants and unbanked, they all must be in the same ecosystem. Otherwise, the dream can't become a reality.
andrea: I would like to ask about timing. I remember there was a talk about things that could be done before EOY such as new crypto implementing PoPP; debit card, series A round.
Marshall: Yes, I'm happy to say this is all on track. In terms of fundraising round, I believe the missing link for us is demonstrating user growth and b2b client acquisition, something we are working on fiercely right now. One of the things I saw in Dogecoin community that was really awesome was the involvement of the community in viral campaigns (especially for good) such as NascaJosh Wise, Doge for water, Sending the Jamaican bobsled team to the Winter Olympics.
nofomo: Anything you can share about things to look forward to before EOY? Any big partnerships, etc.? From a marketing perspective, are there ways that MTL can showcase or communicate SEC compliance more? Not to flaunt it, but as people scramble out of bad projects/Tether, etc., it might help to get more info out there. When Desk, and can we expect to see USD/MTL pairs?
Marshall: We have quite a few new features coming: PoPP in under ten minutes always, PoPP notifier so you can know if a payment is PoPP eligible, API for other companies (exchanges, cryptos, FIs), adding more cryptos for PoPP funnel, buy functionality, mainnet deposit/withdrawal. Partnerships we have a few big ones in the pipeline 😉 In terms of compliance I think our actions speak louder than words, we operated very differently than 99% of the other companies in the space and focused heavily on compliance in a rapidly evolving landscape. We were chastised initially for keeping the token offering private and to accredited but in the long run this was the correct way to operate and we're seeing that now. Desk/Vault is postponed until next year as we have more than enough to conquer right now on Pay/Crumbs... USD/MTL pairs, soon!!! Not just with us, but on other exchanges we anticipate.
meakkineni: Has any other banks shown interest in Metal lately?
Marshall: Yes, a few big ones, as well as smaller tier 2 banks
meakkineni: Is there any tangible benefit Metal has gained so far by sponsoring Necker Cup?
Marshall: Yes, quite a bit with partners we are in talks with now, in addition to bringing in investors in our next financing round... Not to forget influencers!
cryptoandcannabis: Is there any institutional support for Metal being shown, even in preliminary stages? Now that traditional asset custodians such as Fidelity are in the mix maybe MTL can become a slice of people's crypto asset class
Marshall: We are starting to see interest from the big custodians in the space, very exciting times. Fidelity recently entering has really helped this, in addition, several trust companies are opening up.

On Metal Blockchain…

1Chance: Will [Metal] consider supporting any of the stablecoins?
Marshall: Yes, all of the good ones we will be supporting.
Yannik: Will be some parts of the new Metal Blockchain open source? And based on Stellar?
Marshall: Yes it most certainly will be open source and anyone can connect to our public network. Based on Stellar? Where are you getting this information? 😛
Québécoiserie: Are you working on Metal Blockchain now or has it not started yet?
Marshall: We are in the very beginning phases and testing the assumptions for PoPP on our centralized back-end. Additionally, we are in the process of raising a funding round, The Metal Foundation will be running the open source initiative when we launch it next year.
Decoder1: There is a lot of talk about a Metal blockchain - this sounds exciting but also quite ambitious because it can take years to achieve the fine tuning and security required to develop a new blockchain. Would it be PoW? PoS? Wouldn't it be easier to build a side chain on Ethereum like Loom, or build something on Cosmos SDK to take advantage of existing layer 1 security solutions? If you plan to one day PoPP with other tokens Cosmos might be a good idea. My concern is that with a small team and many things like Desk, Merchant, revamped Vault, new features on the App, Android, new regions, that Metal might be biting off more than it can chew. So if you could elaborate more on these plans that would be great!
Marshall: This is a correct assumption and we are already doing a lot, there is a reason we have put Vault/Desk on hold while we focus on Crumbs and Pay. In terms of the blockchain side, we are staying agnostic and specifically with the consensus mechanism we are looking at lots of options. We will, without a doubt, be leveraging other chains for interoperability. Jae Kwon is a good friend of mine and I think Cosmos has a lot of potential (I'm an investor full disclosure), I also look at the work that has been done with Komodo leveraging the bitcoin blockchain, I find this very interesting as well. The idea here is that this will be a non-profit initiative under The Metal Foundation and not directly intertwined with Metallicus Inc. the private company.
meakkineni: Lately we have been talking more about Metal Blockchain than Metal Merchant. Has the focus shifted?
Marshall: The focus has not shifted, one of the things that did change from the inception of the project until now is that we've decided to stay away from re-inventing POS and merchant software, we feel that it is better to partner with processors than try to replace them ala Square

On ???...

Sporklin: I did warn I came with a vital question. @Marshall Shoes, you are known in the crypto space for having good taste in clothes. What is on your feet at the moment?
Marshall: Hey @Sporklin!!!! Long time no see and thank you. Ok check it out, these ones are steezy and I just picked them up.
Yannik: Is Kangen Water still available in the office?
Marshall: Yes, still on tap, always. Kangen 9.5.
Parker: how many fingers am I holding up?
Marshall: Two? 🤘
submitted by imjoshs to MetalPay [link] [comments]

Why I think Metal will be one of the biggest cryptocurrencies going forward

I stumbled onto Metal ($MTL) a few months ago (thanks Bittrex!) and the team has been very lowkey about the project so far. They are very adamant about not doing any Pmarketing until the product is ready to be used by the public and businesses. This is the complete opposite of what most crypto projects are doing currently. They promise the moon before the product is even ready, the price pumps to unrealistic levels, and bleeds out for weeks/months. Also, Metal didn't hold an ICO so there's nothing to worry about in that regard as far as SEC/govt regulation.
So what is it? Metal is an FDIC insured bank account that allows you to store and transact with fiat currency and crypto that is fully compliant with US regulation. This will give you access to checking/routing numbers, debit cards, etc. Your Metal account is essentially an exchange and will solve the crypto on/off ramp that so many of us have issues with right now. You will be able to direct deposit your work paycheck into Metal and buy/sell crypto within it. No need to wait for funds to clear, transferring money between exchanges, or insane Coinbase fees. Metal is curently in private alpha and supports BTC, ETH, and ERC20 but more will be added in the future. The team is aiming for Metal to become the first real cryptocurrency that the masses use. How do they plan to do that?
Enter Proof of Processed Payments, or PoPP for short. It's a consensus algorithm designed specifically for Metal that will enable anyone to participate in "mining". Basically, any transaction you make from your Metal account will be rewarded with 5% of the value back with Metal tokens. If I send $1000 to my landlord for rent I will receive $50 back in MTL. I can cash that out immediately or let it appreciate. That $50 could turn into $100 or even $200 in the future. When regular people realize what is happening, this will launch crypto into the mainstream. This will be the first payment platform that truly "pays" people to use it. The same can not be said for Venmo, Square Cash, etc. This will be huge for students in college and small businesses. If they sign up for a business account they'll be able to make up to $5000/month just by using the platform and there are zero tx fees if you use MTL for invoicing. There is a pool of ~26m MTL tokens reserved for PoPP and the team believes it will take 10-20 years to fully distribute as the price appreciates over time.
Bitcoin is not accessible to the masses. The original vision for PoW was to give anyone with a little bit of computing power the ability to participate in mining Bitcoin and growing the network. Now we know this isn't profitable except for organizations with really deep pockets. It's another scenario where the top 1% are making off with all the profits. Coinbase is user friendly but the fees are high and funds take too long to clear. It was a good start but didn't fully solve the crypto on/off ramp. Gemini is a good service but is it something that will ever catch on with the masses? Probably not.
The Metal team is one of the best in the game. They have Visa/AmEx executives and ex-Apple programmers/UI designers working to make this the best payments platform the world has seen. They have several new hires that haven't been formally disclosed yet but one of them did motion design for Apple commercials. His portfolio was posted in the Slack channel and to say I was blown away was an understatement.
You can find out more at http://metalpay.com but I really recommend joining the Slack channel as the team is very active there. The website is outdated at the moment but a complete redesign is coming once the web platform + iOS app is ready before the end of the year. I tested the alpha version and was very impressed by it but the public beta will be on another level. Also, Metal has a lot of big partnerships with brands and businesses who are going to use the platform as soon as it's available.
Price prediction: $100 by the end of the year giving it a $2bn market cap.
submitted by quantumdwayne to CryptoMarkets [link] [comments]

Where to mine BCPT, Suprnova or Coinblockers? That is the question

Well what’s up miners and minets? Let me tell you a bit about my experiences with both of these mining pools.
I mined with each of these pools for exactly 24 hours with the same exact equipment and same configuration with my 8 1070 ti.
Whattomine.com said I should get about .37 BTCP in the 24 hour period, which on Suprnova I got .26 BTCP. They take a 1% fee for the mined BTCP which imo it’s ok, it’s a business and shouldn’t be free. They use a pps (pay per share) or pplns (pay per last n shares) payment method, which pays per round. In order for you to use their service you have to set up a username, password, and create a miner. If you want to mine other coins you will have to go through the same process for each coin.
Now for Coinblockers I mined .365. Pretty damned close to what whattomine said right!!!! I’m pretty happy with how they have their setup. You pick a server, add it to your miner of choice, add the wallet address and get mining. They have a few other coin choices as well such as: Hush, BTG, Zelcash, etc. Now as for their payment method, they use the prop (proportional to when block is found). Their setup by far is one of the easiest setups around and it’s anonymous. Also the best part is they only charge a .05% fee
Down below I will post a few links: one for Coinblockers, Suprnova, and a link for the different payment methods available. I did the time to see what the differences are and now just go mine wherever you feel comfortable. And if you feel generous you can send me a bit of love to my BTCP address below! Happy mining!
https://coinblockers.com
https://www.suprnova.cc
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
Tip or donate to: b1L5SRZAsBTNVVvG1ybew23ZQcCf4jZYE9q
submitted by jgrullon to BTCP [link] [comments]

How To Make Profit When Crypto Currencies Are In Red

Earning money from Bitcoin has taken various forms since the world’s top digital currency became more popular. Some of them are new while others have been known to spread in reach along with the currency. Below are some of the best ways to earn money with bitcoin.
Mining Despite claims that bitcoin mining is no longer profitable due to the high cost of the energy required to get the miners powered, the increasing difficulty rate and the recent halving of the bitcoin block reward, mining activities are still being carried out though at a more larger scale and with sophisticated mining equipment.
Mining pool To make a profit mining has made joining a mining pool a great way to reap a small reward over a short period.
A mining pool allows miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
Though the calculation of share of the bitcoins mined can be complex, the two most popular calculation schemes to ensure fairness for all parties are the Pay-per-Share (PPS) – offers an instant payout for each share that is solved by a miner from a pool’s existing balance thus transferring much of the risk to the pool’s operator.
Mobile Games Some important applications have come about in the Bitcoin Android space. Some of them have been written about on CCN before. One of them is Oh Crop!, a game much like Plants vs. Zombies in which the player must defeat evil plants. Players earn free bitcoin in the faucet-like scenario where they view a video advertisement and receive a disbursement. There is also Coin Flapper which presents a situation for the recovering Flappy Birds addict to play and get rewarded for the time spent with a freely earned bitcoin balance.
Earn free bitcoins by watching short videos
One of such platforms is vidybit. All you need is an email for a Xapo account or bitcoin address. Then watch a short video for less than a minute and get free bitcoins. Your account will instantly be credited for each video watched. Those who opt to use a bitcoin address will need to earn 5430 satoshi before payment is sent. BitcoinGet also enable a user to earn bitcoins for watching videos, completing tasks, and completing offers.
Earn money from trading bitcoins Aside the fear of exchanges being attacked by hackers and funds stolen as it was the case with Bitfinex and others, one can earn bitcoins by trading in it as well as with other digital currencies. Basic speculation would do – buy when it is lower, wait until the price increases then sell it at a higher rate to generate profit. Repeat the process over and over again. Understanding market trends and price patterns are key in this regard. Trading in bitcoin could also be through arbitrage – buy it cheap here and sell it at a higher rate there.
submitted by mehra11vinod to Thecryptoadvice [link] [comments]

Announcing new LTC pool! stratum, getwork, sms/mail notify, and more!

Greetings fellow miners,
I've been working with Bitcoins a while now, but I got tired, so I've started with Litecoins. But none of the existing pools offered all of the services I wanted, so I decided to setup my own. Currently I'm developing the frontend to provide a better user experience. Requests for popular or usefull features can also be added on demand. The pool is quite new and the first block is not yet found, but all calculations I've done indicates that the first block will be found in one week, with only myself mining.
Currently, it's a PPLNS reward system, but I'm planning to make it possible to choose between PPLNS and PPS per pool worker. I also plan to rewrite the whole frontend in the future.
The url is: https://coinpool.in
Features:
IRC channels are available on Freenode (#coinpool.in) and I2P (#coinpool), and I will add forum if needed.
I'll hope you join me!
Best regards,
Meeh
https://coinpool.in
submitted by meeh420 to litecoinmining [link] [comments]

Repost for a nice not-so-new pool looking for hashrate !

Hello guys. I'm doing a repost of our old thread regarding Hypernova (https://hypernova.pw) : http://www.reddit.com/litecoinmining/comments/1dcvcv/ann_ltceuusrbpps_hypernova_your_brandnew_mining/
It's been quite 1 month since we announced our opening. We and our fellow users thought it might be a good idea to talk about it again since the pool's maturity increased and features added up to the list (like replacing proportional reward system with CPPSRB)
Let me show you the main features !
A nice looking and efficient web interface We'red tired about these copy-paste pools using the mmcFE-litecoin project. We've wanted something beautiful, original and useful. Soak managed to bring you the best web interface he could. Use it on your computer, phone, phablet, android, iphone, ipad, refrigerator, lawn-mower... Starting everything from scratch was our choice - and our pride.
Capped Pay Per Share with Recent Backpay Reward System We didn't find something else longer to spell. You may have already seen this reward system currently live on the Bitcoin mining pool Eligius. To be short : it's a system that tries to be close of the classic PPS reward system. The main difference is : the pool pays the miners with the solved blocks funds. The pool doesn't take risks on short/long rounds. When a round's unlucky and the pool can't pay anymore for the work, we shelve your shares for further backpay. As the formula calculating PPS price is based on a ~60% luck assumption (It is the same formula for every classic PPS pool), mathematically we should end up with more frequent lucky (with no shelves) rounds than unlucky. With that system the pool doesn't take the risk of being bankrupt. So what we have there is a nice compromise between PPLNS with high variance and PPS with null variance (which is balanced by higher fees and a risk of bankruptcy for the pool operators).
Custom difficulty choosable per worker We heard that a bunch of you doesn't like vardiff or fixed diff pools. That's why we let you the choice. Either you're a tiny cpu miner or a cowboy with GPU farms, you're free to choose your worker difficulty from 8 to 128.
Sweet pool efficiency We've worked hard on our infrastructure implementation and Stratum. Our general overall efficiency always have been above 99%. At the time I'm writing these lines it is at 99.47% accepted shares versus 0.53% rejected. We're aware about the latency challenge. That's why we opened 4 nodes around the world to ensure the lowest round trip time : mining.eu.hypernova.pw (Europe, France) mining.usa.hypernova.pw (USA, New York) mining.usa.dallas.hypernova.pw (USA, Dallas) mining.usa.la.hypernova.pw (USA, Los Angeles)
A helpful and nice community We're always happy to help you. By mail on [email protected] or on IRC Freenode's channel #hypernova with the pool operators and our fellow miners. Keep in touch with us, we're nice people always trying to crunch our 7950 to the best !
1% fee Using a nice PPS reward system with a good compromise allows us to lower the fee thus allowing to help us pay for the servers and infrastructure.
API with JSON encoded values So you're the cowboy with a farm of 7950 ? Enjoy our API to monitor your rigs !
How to join us ? Give a shot to the website : https://hypernova.pw and create an account. Once you created a worker, point your miner toward your nearest node and shout us your best battle cry at #hypernova on Freenode ! EG (for cgminer) : cgminer -o stratum+tcp://mining.eu.hypernova.pw:3333 -u JohnDoe.myWorker -p 12345 --scrypt ...
Help us to spread the word ! We've put online a page especially for that : https://hypernova.pw/spread/ with links to every of our threads and useful buttons for Facebook/TwitteGoogle spreading.
Message for those that were with us from the beginning Thank you ! We're happy to see our project moving forward. We wouldn't have been that far without you supporting us. Thank you again and see you in the future.
So far, 2130 Litecoins redistributed to our fellow miners. Still counting... !
Hope to see you soon on Hypernova.. And sorry for the noise :)
submitted by M0nsieurChat to litecoinmining [link] [comments]

Waterhole IO: mining pool, messaging platform, AIO miner, and marketplace

WATERHOLE IO: https://waterhole.io/
Waterhole IO is an established company with experiences in the cryptocurrency field since 2012 by delving into miners, trading, and now we have grown into a full-blown software development company specializing in blockchain technology. You may have heard of us or traded with us before under our handles BestCoin or atCoin on LocalBitcoins (https://localbitcoins.com/accounts/profile/bestcoin/). There are several key aspects of Waterhole IO as we strive to simplify and incorporate blockchain, mining, and cryptocurrency into our everyday society as listed below.
MINING POOLS
Waterhole IO operates several mining pools for different cryptocurrencies. At this moment, our online pools are BCH, ZEC, ETH, and ETC. In the future we hope to support even more coins as we establish ourselves further.
MOBILE APPLICATION for iOS and Android
Messaging Platform
Multi-coin wallet
Secure Trades
Miner Enhancement
AIO MINING SOFTWARE (https://waterhole.io/software)
MARKETPLACE
FREQUENTLY ASKED QUESTIONS (FAQs) (Updated 02-27-18)
Questions, comments, feedback? You can contact us directly at [email protected] or comment below and we do appreciate your inputs to help improve the quality of our work.
submitted by waterholeIO to CryptoCurrencies [link] [comments]

Another Primcoin Mining in the Cloud Thread

Hi, long time listener, first time caller -
There are a few Primecoin threads on here and most of them seem to be a few months old. I can add some value from recent experience as the game has changed significantly since the begining of December; Primecoin has dropped to less than US$3/xpm and the difficulty has gone above 10. I expected the value to have increased, but then most of the world went on holiday about that time, too.
There are a few threads recommending Digital Ocean - DigitalOcean is not happy giving more than 5 VPS services to any one client, especially if they figure out you're mining. I know this sounds lame, but think of the business model that VPS is about and understand they won't survive this way - imagine all the gym subscribers actually going to gym everyday for two hours - what would membership cost then? Anyhow, it makes more sense to spread out your load, get VPSs from different providers in different datacentres, that way, you won't screw yourself if you happen to get all your 10 mining serviers on the same 5 physical cores.
I wrote three guides while researching Primecoin, they are all here:
http://arcainsula.co.nz/tag/primecoin/
Each uses a differenet client and I used three providers in the testing - DigitalOcean, VPSNine and Server4You. On average, the best datacentres were the ones in big busy cities - Dusseldorf, New York, Switzerland because that's where the VPS provider spends the most money because thats where the big money clients are. Potential and laods varied during each day as those business centres woke up, worked and went to sleep and the biggest gain I made was realising that leaving a miner running for as long as posible made it more profitable over time - I'm still not sure how this is, but I have spreadsheets to show this.
I can say hand on heart that PPS (PrimesPerSecond) is a very bad way to measure performance of mining because there are so many variables to mining that it would be like saying a particular model of Ferrari is faster because it's engine can rev to 20k rpm. Furthermore, each pool has different ways of allocating shares.
Finally, if you're going to build a fleet, try to get some knowledge about how virtualisation works, it will help you detemine loads and potential.
Today I have a fleet of 25VPSs and one physical 8core server and gain about 2.5XPMs per day purely on CPU mining - GPU mining is not yet a consideration for me. The eight core server averages 90% of the VPS, and I think this is because the VPS services are newer processors and spread out so that my core neighbours are possibly websites, not other miners.
My fleet is only just profitable now that XPM is under US$3 but I believe that will change when everybody goes back to work after the December break as quickly as it changed when everybody went on holiday. Also, the value for me was not so much having XPM to one day convert to cash (maybe), but having a free thing that I can trade for Bitcoins and eventually cash or rent mining rigs etc. , also, having gained some large scale mining experience and the ability to work with large fleets of servers.
I make about an extra 10% per week trading my XPMs on markets in my spare time (buy low, sell high).
My guides are free, they do have affiliate links to try to cover my costs and time to write them. Please be positively critical, I have only recently decided to start a technical blog with my years and years of technical notes and would appreciate constructive feedback.
Many thanks, I hope XPM mining works positively for you.
Best regards
Gund
submitted by gundnz to primecoin [link] [comments]

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submitted by pppokerguy09 to PPPokerClubs [link] [comments]

/r/bitcoin, Help me write my letter to Congress and the IRS

All, any constructive feedback on this letter appreciated. Thanks!
To whom it may concern,
I am writing regarding the latest ruling of the Internal Revenue Service regarding Virtual Currency taxation (IR-2014-36). Due to several critical mistakes in this ruling, I am writing to recommend that the IRS suspend its guidance pending a period of public comment and Congressional oversight. Mistakes in the IRS guidance include giving the American public 20 days notice to calculate and pay $900 million dollars in new taxes, failing to provide any guidance on how to calculate the new tax, creating new tax law ex-post-facto, and ignoring the speculative nature of emerging markets.
In 2013, 1.5 million Bitcoins were mined. In December of 2013, Bitcoins were traded for $1300/coin. At this exchange rate, Bitcoin mining in 2013 constitutes $1.9 Billion in wealth. The IRS has ruled that this wealth is to be taxed as gross self-employment income; for most individuals this will be a 32% marginal rate combined with a self-employment tax rate of %15 for a total tax treatment of %47, or $900 Million in new taxes. While potentially a bold move to solve the deficit, this guidance was released March 25th, twenty days before the $900 million bill is due. The IRS guidance advised that all Virtual Currency taxes were due on April 15th and that all penalties, including criminal, will apply for late payment. This timeline gives Bitcoin entreprenuers, lawyers, accountants, and tax software authors a timeline of 20 days to calculate and move nearly a billion dollars into the Federal Treasury. This guidance is neither feasible, reasonable, or in the best interests of the United States.
To move nearly a billion dollars into the federal treasury in 20 days, tax must be calculated. The IRS has given the following instruction: "taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt". This simple guidance ignores the following facts of Bitcoin mining:
As a result, taxpayers must calculate and pay nearly a billion dollars in new income taxes, in twenty days, on threat of criminal penalties, with no guidance as to how much tax is due and up to a 90% variance in the possible amount of tax due. This is not sound tax policy, imposes an unreasonable burden, and deprives even the most honest & compliant citizens of the ability to calculate and pay taxes.
Finally, the new IRS guidance ignores the speculative nature of Virtual Currencies. All Bitcoin miners, this author included, had planned with their accountants to pay capital gains tax on any gained capital as a result of Virtual Currency sales. However, many miners chose never to sell virtual currency due to the lack of a robust or fair market. Of the two biggest Bitcoin exchanges in 2013, the first, Mt. Gox, has been shown to be a Ponzi scheme and has gone bankrupt, keeping all investor funds. The second, BTC-E, is located somewhere in Eastern Europe and its operators are unknown but rumored to be criminals. These are the markets that the IRS is endorsing in its guidance as "fair market". The IRS guidance requires Americans to sell $900 million worth of virtual currency on these markets in order to satisfy a new tax burden.
Many miners see these markets as risky and emerging and have held virtual currency without spending it, cognizant that on any day, the value of Bitcoin may be zero. For most miners, this means that taxes on Bitcoins mined in 2013 will be taxed at their 2013 trade value of $1300/coin, and tax will be paid by selling at today's price of $400/coin. This means that most miners will owe more in taxes than their Bitcoin is worth, and will be paying taxes out of their life savings on income they never earned. This is what I will be doing on April 15th. The IRS has purchased a massive "short sale" option against the American people, assessing tax at a price over twice as high as the price Americans are now forced to sell.
No bitcoin miner would have entered into this agreement knowingly. Like many miners, had I known that 46% tax would be assessed at speculative prices, I would never have entered into such a liability. The option of being forced to sell half of my Bitcoins every day on foreign exchanges operated by criminals and moving thousands of dollars into overseas accounts was not a risk I was willing to take. This risk is what the IRS has required with its guidance. The IRS has classified mined Bitcoin as income retroactively, against all guidance and wisdom, and caused those who entered into this hobby to incur massive tax debt against gains they have never realized. This retroactive ruling bears all the worst elements of ex-post-facto tax law, a practice our Founding Fathers worked so hard to prevent.
When the Internet revolution swept over America in the early 90s, Congress wisely allowed it to flourish and kept control of the Internet within the United States, control we still enjoy today. Like America's Mining Act of 1872, Denmark and other countries have opted to forgo a tax on Bitcoin mining due to its speculative nature, and instead tax only capital gained. Bitcoin is at the center of the virtual currency revolution, and the IRS has given miners, the core of this revolution, a choice of Denmark at 0% or the United States at 46%. We are chasing all the talent, investment, mindshare and control of an emerging revolution out of the country. We have created impossible, uninformed guidance and given America twenty days to pay a billion-dollar tax bill. We have placed a billion dollar "short sell" option against the American taxpayer and forced her to pay out of her life savings. We have engaged in the worst type of ex-post-facto lawmaking.
The IRS must immediately announce suspension of its guidance pending a period of public comment and Congressional oversight. During this period of oversight, the following minimum reforms should be undertaken:
Thank you, and God Bless America.
Sincerely,
-Truly, my name is Mike
submitted by trulymynameismike to Bitcoin [link] [comments]

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