BitcoinSV (BSV) Mining Profit Calculator - WhatToMine

The Strange Birth & History of Monero, Part IV: Monero "as it is now"

You can read here part III.
You can read this whole story translated into Spanish here
This is part IV, the last but not least.
Monero - A secure, private, untreceable cryptocurrency
https://bitcointalk.org/index.php?topic=583449.0
Notable comments in this thread:
-201: “I would like to offer 1000 MRO to the first person who creates a pool”
(https://bitcointalk.org/index.php?topic=583449.msg6422665#msg6422665)
[tacotime offers bounty to potential pool developer. Bytecoin devs haven’t released any code for pools, and the only existent pool, minergate (in the future related to BCN interests) was closed source]
-256: “Adam back seems to like CryptoNote the better than Zerocash https://twitter.com/adam3us/status/453493394472697856”
(https://bitcointalk.org/index.php?topic=583449.msg6440769#msg6440769)
-264: “update on pools: The NOMP guy (zone117x) is looking to fork his open source software and get a pool going, so one should hopefully be up soon.”
(https://bitcointalk.org/index.php?topic=583449.msg6441302#msg6441302)
-273: “Update on GUI: othe from VertCoin has notified me that he is working on it.”
(https://bitcointalk.org/index.php?topic=583449.msg6442606#msg6442606)
-356: “Everyone wanting a pool, please help raise a bounty with me here:
https://bitcointalk.org/index.php?topic=589533.0
And for the GUI:
https://bitcointalk.org/index.php?topic=589561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6461533#msg6461533)
[5439 MRO + 0.685 BTC + 5728555.555 BCN raised for pool and 1652 XMR, 121345.46695471 BCN for the GUI wallet. Though this wallet was "rejected" as official GUI because wallet still has to be polished before building a GUI]
-437: “Yes, most Windows users should see a higher hashrate with the new build. You can thank NoodleDoodle. ”
(https://bitcointalk.org/index.php?topic=583449.msg6481202#msg6481202)
-446: “Even faster Windows binaries have just been uploaded. Install for more hash power! Once again, it was NoodleDoodle.”
(https://bitcointalk.org/index.php?topic=583449.msg6483680#msg6483680)
-448: “that almost doubled my hashrate again! GREAT STUFF !!!”
(https://bitcointalk.org/index.php?topic=583449.msg6484109#msg6484109)
-461: “Noodle only started optimization today so there may be gains for your CPU in the future.”
(https://bitcointalk.org/index.php?topic=583449.msg6485247#msg6485247)
[First day of miner optimization by NoodleDoodle, it is only May 1st]
-706: “The unstoppable NoodleDoodle has optimized the Windows build again. Hashrate should more than double. Windows is now faster than Linux. :O”
(https://bitcointalk.org/index.php?topic=583449.msg6549444#msg6549444)
-753: “i here tft is no longer part of the project. so is he forking or relaunching bytecoin under new name and new parameters (merged mining with flatter emission curve.) also. what is the end consensus for the emission curve for monero. will it be adjusted."
(https://bitcointalk.org/index.php?topic=583449.msg6561345#msg6561345)
[May, 5th 2014. TFT is launching FANTOMCOIN, a clone coin which its "only" feature was merged mining]
-761: (https://bitcointalk.org/index.php?topic=583449.msg6561941#msg6561941) [May, 5th 2014 – eizh on emission curve and tail emission]
-791: “As promised, I did Russian translation of main topic.”
(https://bitcointalk.org/index.php?topic=583449.msg6565521#msg6565521)
[one among dozens of decentralized and “altruist” collaborators of Monero in minor tasks]
-827: image
(https://bitcointalk.org/index.php?topic=583449.msg6571652#msg6571652)
-853: (https://bitcointalk.org/index.php?topic=583449.msg6575033#msg6575033)
[some are not happy that NoodleDoodle had only released the built binaries, but not the source code]
-950: (https://bitcointalk.org/index.php?topic=583449.msg6593768#msg6593768)
[Rias, an account suspected to be related to the Bytecoin scam, dares to tag Monero as “instamine”]
-957: “It's rather bizarre that you're calling this an "instamine" scam when you're so fervently supporting BCN, which was mined 80% before entering the clearnet. Difficulty adjustments are per block, so there is no possibility of an instamine unless you don't publish your blockchain (emission is regular at the preset interval, and scales adequately with the network hash rate). What you're accusing monero of is exactly what ByteCoin did.”
https://bitcointalk.org/index.php?topic=583449.msg6594025#msg6594025
[Discussion with rias drags on for SEVERAL posts]
-1016: “There is no "dev team". There is a community of people working on various aspects of the coin.
I've been keeping the repo up to date. NoodleDoodle likes to optimise his miner. TFT started the fork and also assists when things break. othe's been working on a GUI. zone117x has been working on a pool.
It's a decentralized effort to maintain the fork, not a strawman team of leet hackers who dwell in the underbellies of the internet and conspire for instamines.”
(https://bitcointalk.org/index.php?topic=583449.msg6596828#msg6596828)
-1023: “Like I stated in IRC, I am not part of the "dev team", I never was. Just so happens I took a look at the code and changed some extremely easy to spot "errors". I then decided to release the binary because I thought MRO would benefit from it. I made this decision individually and nobody else should be culpable”
(https://bitcointalk.org/index.php?topic=583449.msg6597057#msg6597057)
[Noodledoodle gets rid of the instaminer accusations]
-1029: “I decided to relaunch Monero so it will suit all your wishes that you had: flatter emission curve, open source optimized miner for everybody from the start, no MM with BCN/BMR and the name. New Monero will be ready tomorrow”
(https://bitcointalk.org/index.php?topic=583449.msg6597252#msg6597252)
[people trying to capitalize mistakes is always there.]
-1030: "Pull request has been submitted and merged to update miner speed
It appears from the simplicity of the fix that there may have been deliberate crippling of the hashing algorithm from introduction with ByteCoin."
https://bitcointalk.org/index.php?topic=583449.msg6597460#msg6597460
[tacotime “officially” raises suspects of possible voluntarily crippled miner]
-1053: "I don't mind the 'relaunch' or the merge-mining fork or any other new coin at all. It's inevitable that the CryptoNote progresses like scrypt into a giant mess of coins. It's not undesirable or 'wrong'. Clones fighting out among themselves is actually beneficial for Monero. Although one of them is clearly unserious and trolling by choosing the same name.
Anyway, this sudden solidarity with BCN or TFT sure is strange when none of these accounts were around for the discussions that took place 3 weeks ago. Such vested interests with no prior indications. Hmm...? "
https://bitcointalk.org/index.php?topic=583449.msg6599013#msg6599013
[eizh points out the apparent organized fudding]
-1061: "There was no takeover. The original developer (who himself did a fork of bytecoin and around a dozen lines of code changes) was non-responsive and had disappeared. The original name had been cybersquatted all over the place (since the original developer did not even register any domain name much less create a web site), making it impossible to even create a suitably named web site. A bunch of us who didn't want to see the coin die who represented a huge share of the hash power and ownership of the coin decided to adopt it. We reached out to the original developer to participate in this community effort and he still didn't respond over 24 hours, so we decided to act to save the coin from neglect and actively work toward building the coin."
(https://bitcointalk.org/index.php?topic=583449.msg6599798#msg6599798)
[smooth defends legitimacy of current “dev team” and decisions taken]
-1074: “Zerocash will be announced soon (May 18 in Oakland? but open source may not be ready then?).
Here is a synopsis of the tradeoffs compared to CyptoNote: […]"
(https://bitcointalk.org/index.php?topic=583449.msg6602891#msg6602891)
[comparison among Zerocash y Cryptonote]
-1083: "Altcoin history shows that except in the case of premine (Tenebrix), the first implementation stays the largest by a wide margin. We're repeating that here by outpacing Bytecoin (thanks to its 80% mine prior to surfacing). No other CN coin has anywhere near the hashrate or trading volume. Go check diff in Fantom for example or the lack of activity in BCN trading.
The only CN coin out there doing something valuable is HoneyPenny, and they're open source too. If HP develops something useful, MRO can incorporate it as well. Open source gives confidence. No need for any further edge."
(https://bitcointalk.org/index.php?topic=583449.msg6603452#msg6603452)
[eizh reminds everyone the “first mover” advantage is a real advantage]
-1132: "I decided to tidy up bitmonero GitHub rep tonight, so now there is all valuable things from latest BCN commits & Win32. Faster hash from quazarcoin is also there. So BMR rep is the freshest one.
I'm working on another good feature now, so stay tuned."
(https://bitcointalk.org/index.php?topic=583449.msg6619738#msg6619738)
[first TFT apparition in weeks, he somehow pretends to still be the "lead dev"]
-1139: "This is not the github or website used by Monero. This github is outdated even with these updates. Only trust binaries from the first post."
(https://bitcointalk.org/index.php?topic=583449.msg6619971#msg6619971)
[eizh tries to clarify the community, after tft interference, which are the official downloads]
-1140: “The faster hash is from NoodleDoodle and is already submitted to the moner-project github (https://github.com/monero-project/bitmonero) and included in the binaries here.
[trying to bring TFT back on board] It would be all easier if you just work together with the other guys, whats the problem? Come to irc and talk like everyone else?
[on future monero exchangers] I got confirmation from one."
(https://bitcointalk.org/index.php?topic=583449.msg6619997#msg6619997)
[8th may 2014, othe announces NoodleDoodle optimized miner is now open source, asks TFT to collaborate and communicates an exchanger is coming]
-1146: "I'll be impressed if they [BCN/TFT shills] manage to come up with an account registered before January, but then again they could buy those.”
(https://bitcointalk.org/index.php?topic=583449.msg6620257#msg6620257)
[smooth]
-1150: “Ring signatures mean that when you sign a transaction to spend an output (coins), no one looking at the block chain can tell whether you signed it or one of the other outputs you choose to mix in with yours. With a mixing factor of 5 or 10 after several transactions there are millions of possible coins all mixed together. You get "anonymity" and mixing without having to use a third party mixer.”
(https://bitcointalk.org/index.php?topic=583449.msg6620433#msg6620433)
[smooth answering to “what are ring signatures” in layman terms]
-1170: "Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very un-optimized and he did essential improvements for yourself. So, high H/S is possible yet. Can the dev's core review code for that?"
(https://bitcointalk.org/index.php?topic=583449.msg6623136#msg6623136)
[forums are talking about an individual or group of individuals with optimized miners - may 9th 2014]
-1230: "Good progress on the pool reported by NOMP dev zone117x. Stay tuned, everyone.
And remember to email your favorite exchanges about adding MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6640190#msg6640190)
-1258: "This is actually as confusing to us as you. At one point, thankful_for_today said he was okay with name change: https://bitcointalk.org/index.php?topic=563821.msg6368600#msg6368600
Then he disappeared for more than a week after the merge mining vote failed.”
(https://bitcointalk.org/index.php?topic=583449.msg6645981#msg6645981)
[eizh on the TFT-issue]
-1358: “Jadehorse: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=263597
https://bitcointalk.org/index.php?action=profile;u=263597;sa=showPosts
Trustnobody: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=264292
https://bitcointalk.org/index.php?action=profile;u=264292;sa=showPosts
You guys should really just stop trying. It is quite transparent what you are doing. Or if you want to do it, do it somewhere else. Everyone else: ignore them please."
(https://bitcointalk.org/index.php?topic=583449.msg6666844#msg6666844)
[FUD campaign still ongoing, smooth battles it]
-1387: "The world’s first exchange for Monero just opened! cryptonote.exchange.to"
(https://bitcointalk.org/index.php?topic=583449.msg6675902#msg6675902)
[David Latapie announces an important milestone: exchanger is here]
-1467: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6686125#msg6686125)
[it is weird, but tft appears again, apparently as if he were in a parallel reality]
-1495: “http://monero.cc/blog/monero-price-0-002-passed/”
(https://bitcointalk.org/index.php?topic=583449.msg6691706#msg6691706)
[“trading” milestone reached: monero surpassed for first time 0.002 btc price]
-1513: "There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.
The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.
TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin."
(https://bitcointalk.org/index.php?topic=583449.msg6693615#msg6693615)
[Smooth clears up again the relation with TFT and BMR. Every time he appears it seems to generate confusion on newbies]
-1543: "Pool software is in testing now. You can follow the progress on the pool bounty thread (see original post on this thread for link)."
(https://bitcointalk.org/index.php?topic=583449.msg6698097#msg6698097)
-1545: "[on the tail emission debate] I've been trying to raise awareness of this issue. The typical response seems to be, "when Bitcoin addresses the problem, so will we." To me this means it will never be addressed. The obvious solution is to perpetually increase the money supply, always rewarding miners with new coins.
Tacotime mentioned a hard fork proposal to never let the block reward drop below 1 coin:
Code: if (blockReward < 1){ blockReward = 1; }
I assume this is merely delaying the problem, however. I proposed a fixed annual debasement (say 2%) with a tx fee cap of like 0.001% of the current block reward (or whatever sounds reasonable). That way we still get the spam protection without worrying about fee escalation down the road."
(https://bitcointalk.org/index.php?topic=583449.msg6698879#msg6698879)
[Johnny Mnemonic wants to debate tail emission. Debate is moved to the “Monero Economy” thread]
-1603: “My GOD,the wallet is very very wierd and too complicated to operate, Why dont release a wallet-qt as Bitcoin?”
(https://bitcointalk.org/index.php?topic=583449.msg6707857#msg6707857)
[Newbies have hard times with monero]
-1605: "because this coin is not a bitcoin clone and so there isnt a wallet-qt to just copy and release. There is a bounty for a GUI wallet and there is already an experimental windows wallet..."
(https://bitcointalk.org/index.php?topic=583449.msg6708250#msg6708250)
-1611: "I like this about Monero, but it seems it was written by cryptographers, not programmers. The damned thing doesn't even compile on Arch, and there are several bugs, like command history not working on Linux. The crypto ideas are top-notch, but the implementation is not."
(https://bitcointalk.org/index.php?topic=583449.msg6709002#msg6709002)
[Wolf0, a miner developer, little by little joining the community]
-1888: "http://198.199.79.100 (aka moneropool.org) successfully submitted a block. Miners will be paid for their work once payments start working.
P.S. This is actually our second block today. The first was orphaned. :/"
(https://bitcointalk.org/index.php?topic=583449.msg6753836#msg6753836)
[May 16th: first pool block]
-1927: "Botnets aren't problem now. The main problem is a private hi-performance miner"
(https://bitcointalk.org/index.php?topic=583449.msg6759622#msg6759622)
-1927: "Evidence?"
(https://bitcointalk.org/index.php?topic=583449.msg6759661#msg6759661)
[smooth about the private optimized miner]
-1937: “[reference needed: smooth battling the weak evidence of optimized miner] Yes, I remember that. Some person on the Internet saying that some other unnamed person said he did something hardly constitutes evidence.
I'm not even doubting that optimized asm code could make a big difference. Just not sure how to know whether this is real or not. Rumors and FUD are rampant, so it is just hard to tell."
(https://bitcointalk.org/index.php?topic=583449.msg6760040#msg6760040)
[smooth does not take the "proof" seriously]
-1949: "image
One i5 and One e5 connected to local pool:
image"
(https://bitcointalk.org/index.php?topic=583449.msg6760624#msg6760624)
[proof of optimized miner]
-1953: "lazybear are you interested in a bounty to release the source code (maybe cleaned up a bit?) your optimized miner? If not, I'll probably play around with the code myself tomorrow and see if I can come up with something, or maybe Noodle Doodle will take an interest."
(https://bitcointalk.org/index.php?topic=583449.msg6760699#msg6760699)
[smooth tries to bring lazybear and his optimized miner on board]
-1957: "smooth, NoodleDoodle just said on IRC his latest optimizations are 4x faster on Windows. Untested on Linux so far but he'll push the source to the git repo soon. We'll be at 1 million network hashrate pretty soon."
(https://bitcointalk.org/index.php?topic=583449.msg6760814#msg6760814)
[eizh makes publics NoodleDoodle also has more miner optimizations ready]
-1985: “Someone (not me) created a Monero block explorer and announced it yesterday in a separate thread:
https://bitcointalk.org/index.php?topic=611561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6766206#msg6766206)
[May 16th, 2014: a functional block explorer]
-2018: “Noodle is doing some final tests on Windows and will begin testing on Linux. He expects hashrate should increase across all architectures. I can confirm a 5x increase on an i7 quad-core + Windows 7 64-bit.
Please be patient. These are actual changes to the program, not just a switch that gets flicked on. It needs testing.”
(https://bitcointalk.org/index.php?topic=583449.msg6770093#msg6770093)
[eizh has more info on last miner optimization]
-2023: “Monero marketcap is around $300,000 as of now”
(https://bitcointalk.org/index.php?topic=583449.msg6770365#msg6770365)
-2059: I was skeptical of this conspiracy theory at first but after thinking about the numbers and looking back at the code again, I'm starting to believe it.
These are not deep optimizations, just cleaning up the code to work as intended.
At 100 H/s, with 500k iterations, 70 cycles per L3 memory access, we're now at 3.5 GHz which is reasonably close. So the algorithm is finally memory-bound, as it was originally intended to be. But as delivered by the bytecode developers not even close.
I know this is going to sound like tooting our own horn but this is another example of the kind of dirty tricks you can expect from the 80% premine crowd and the good work being done in the name of the community by the Monero developers.
Assuming they had the reasonable, and not deoptimized, implementation of the algorithm as designed all along (which is likely), the alleged "two year history" of bytecoin was mined on 4-8 PCs. It's really one of the shadiest and sleaziest premines scams yet, though this shouldn't be surprising because in every type of scam, the scams always get sneakier and more deceptive over time (the simple ones no longer work)."
(https://bitcointalk.org/index.php?topic=583449.msg6773168#msg6773168)
[smooth blowing the lid: if miner was so de-optimized, then BCN adoption was even lower than initially thought]
-2123: (https://bitcointalk.org/index.php?topic=583449.msg6781481#msg6781481)
[fluffypony first public post in Monero threads]
-2131: "moneropool.org is up to 2KHs, (average of 26Hs per user). But that's still only 0.3% of the reported network rate of 575Khs.
So either a large botnet is mining, or someone's sitting quietly on a much more efficient miner and raking in MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6782192#msg6782192)
[with pools users start to notice that “avg” users account for a very small % of the network hashrate, either botnets or a super-optimized miner is mining monero]
-2137: “I figure its either:
(https://bitcointalk.org/index.php?topic=583449.msg6782852#msg6782852)
-2192: “New source (0.8.8.1) is up with optimizations in the hashing. Hashrate should go up ~4x or so, but may have CPU architecture dependence. Windows binaries are up as well for both 64-bit and 32-bit."
(https://bitcointalk.org/index.php?topic=583449.msg6788812#msg6788812)
[eizh makes official announce of last miner optimization, it is may 17th]
-2219: (https://bitcointalk.org/index.php?topic=583449.msg6792038#msg6792038)
[wolf0 is part of the monero community for a while, discussing several topics as botnet mining and miner optimizations. Now spots security flaws in the just launched pools]
-2301: "5x optimized miner released, network hashrate decreases by 10% Make your own conclusions. :|"
(https://bitcointalk.org/index.php?topic=583449.msg6806946#msg6806946)
-2323: "Monero is on Poloniex https://poloniex.com/exchange/btc_mro"
(https://bitcointalk.org/index.php?topic=583449.msg6808548#msg6808548)
-2747: "Monero is holding a $500 logo contest on 99designs.com now: https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486"
(https://bitcointalk.org/index.php?topic=583449.msg6829109#msg6829109)
-2756: “So... ALL Pools have 50KH/s COMBINED.
Yet, network hash is 20x more. Am i the only one who thinks that some people are insta mining with prepared faster miners?”
(https://bitcointalk.org/index.php?topic=583449.msg6829977#msg6829977)
-2757: “Pools aren't stable yet. They are more inefficient than solo mining at the moment. They were just released. 10x optimizations have already been released since launch, I doubt there is much more optimization left.”
(https://bitcointalk.org/index.php?topic=583449.msg6830012#msg6830012)
-2765: “Penalty for too large block size is disastrous in the long run.
Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.”
(https://bitcointalk.org/index.php?topic=583449.msg6830475#msg6830475)
-2773: "The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes."
(https://bitcointalk.org/index.php?topic=583449.msg6830710#msg6830710)
-3035: "We've contributed a massive amount to the infrastructure of the coin so far, enough to get recognition from cryptonote, including optimizing their hashing algorithm by an order of magnitude, creating open source pool software, and pushing several commits correcting issues with the coin that eventually were merged into the ByteCoin master. We also assisted some exchange operators in helping to support the coin.
To say that has no value is a bit silly... We've been working alongside the ByteCoin devs to improve both coins substantially."
(https://bitcointalk.org/index.php?topic=583449.msg6845545#msg6845545)
[tacotime defends the Monero team and community of accusations of just “ripping-off” others hard-work and “steal” their project]
-3044: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6845986#msg6845986)
[Monero added to coinmarketcap may 21st 2014]
-3059: "You have no idea how influential you have been to the success of this coin. You are a great ambassador for MRO and one of the reasons why I chose to mine MRO during the early days (and I still do, but alas no soup for about 5 days now)."
(https://bitcointalk.org/index.php?topic=583449.msg6846509#msg6846509)
[random user thanks smooth CONSTANT presence, and collaboration. It is not all FUD ;)]
-3068: "You are a little too caught up in the mindset of altcoin marketing wars about "unique features" and "the team" behind the latest pump and dump scam.
In fact this coin is really little more than BCN without the premine. "The team" is anyone who contributes code, which includes anyone contributing code to the BCN repository, because that will get merged as well (and vice-versa).
Focus on the technology (by all accounts amazing) and the fact that it was launched in a clean way without 80% of the total world supply of the coin getting hidden away "somewhere." That is the unique proposition here. There also happens to be a very good team behind the coin, but anyone trying too hard to market on the basis of some "special" features, team, or developer is selling you something. Hold on to your wallet."
(https://bitcointalk.org/index.php?topic=583449.msg6846638#msg6846638)
[An answer to those trolls saying Monero has no innovation/unique feature]
-3070: "Personally I found it refreshing that Monero took off WITHOUT a logo or a gui wallet, it means the team wasn't hyping a slick marketing package and is concentrating on the coin/note itself."
(https://bitcointalk.org/index.php?topic=583449.msg6846676#msg6846676)
-3119: “image
[included for the lulz]
-3101: "[…]The main developers are tacotime, smooth, NoodleDoodle. Some needs are being contracted out, including zone117x, LucasJones, and archit for the pool, another person for a Qt GUI, and another person independently looking at the code for bugs."
(https://bitcointalk.org/index.php?topic=583449.msg6848006#msg6848006)
[the initial "core team" so far, eizh post]
-3123: (https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085)
[fluffy steps-in with an interesting dense post. Don’t dare to skip it, worthwhile reading]
-3127: (https://bitcointalk.org/index.php?topic=583449.msg6850526#msg6850526)
[fluffy again, worth to read it too, so follow link, don’t be lazy]
-3194: "Hi guys - thanks to lots of hard work we have added AES-NI support to the slow_hash function. If you're using an AES-NI processor you should see a speed-up of about 30%.”
(https://bitcointalk.org/index.php?topic=583449.msg6857197#msg6857197)
[flufflypony is now pretty active in the xmr topic and announces a new optimization to the crippled miner]
-3202: "Whether using pools or not, this coin has a lot of orphaned blocks. When the original fork was done, several of us advised against 60 second blocks, but the warnings were not heeded.
I'm hopeful we can eventually make a change to more sane 2- or 2.5-minute blocks which should drastically reduce orphans, but that will require a hard fork, so not that easy."
(https://bitcointalk.org/index.php?topic=583449.msg6857796#msg6857796)
[smooth takes the opportunity to remember the need of bigger target block]
-3227: “Okay, optimized miner seems to be working: https://bitcointalk.org/index.php?topic=619373”
[wolf0 makes public his open source optimized miner]
-3235: "Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools."
(https://bitcointalk.org/index.php?topic=583449.msg6861193#msg6861193)
[tail emission, block target and block size are discussed in the next few messages among smooth, johnny and others. If you want to know further about their opinions/reasonings go and read it]
-3268: (https://bitcointalk.org/index.php?topic=583449.msg6862693#msg6862693)
[fluffy dares another user to bet 5 btc that in one year monero will be over dash in market cap. A bet that he would have lost as you can see here https://coinmarketcap.com/historical/20150524/ even excluding the 2M “instamined” coins]
-3283: "Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one.
I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw).
Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar.
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended) [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.
That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have."
(https://bitcointalk.org/index.php?topic=583449.msg6863720#msg6863720)
[smooth vision of a true p2p currency]
-3318: "I have a screen shot that was PMed to me by someone who paid a lot of money for a lot of servers to mine this coin. He won't be outed by me ever but he does in fact exist. Truth."
(https://bitcointalk.org/index.php?topic=583449.msg6865061#msg6865061)
[smooth somehow implies it is not botnets but an individual or a group of them renting huge cloud instances]
-3442: "I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them."
[fluffy-troll]
-3481: “Their slogan is, "Orphaned Blocks, Bloated Blockchain, that's how we do""
(https://bitcointalk.org/index.php?topic=583449.msg6878244#msg6878244)
[Major FUD troll in the topic. One of the hardest I’ve ever seen]
-3571: "Tacotime wanted the thread name and OP to use the word privacy instead of anonymity, but I made the change for marketing reasons. Other coins do use the word anonymous improperly, so we too have to play the marketing game. Most users will not bother looking at details to see which actually has more privacy; they'll assume anonymity > privacy. In a world with finite population, there's no such thing as anonymity. You're always "1 of N" possible participants.
Zero knowledge gives N -> everyone using the currency, ring signatures give N -> your choice, and CoinJoin gives N -> people who happen to be spending around the same amount of money as you at around the same time. This is actually the critical weakness of CoinJoin: the anonymity set is small and it's fairly susceptible to blockchain analysis. Its main advantage is that you can stick to Bitcoin without hard forking.
Another calculated marketing decision: I made most of the OP about ring signatures. In reality, stealth addressing (i.e. one-time public keys) already provides you with 90% of the privacy you need. Ring signatures are more of a trump card that cannot be broken. But Bitcoin already has manual stealth addressing so the distinguishing technological factor in CryptoNote is the use of ring signatures.
This is why I think having a coin based on CoinJoin is silly: Bitcoin already has some privacy if you care enough. A separate currency needs to go way beyond mediocre privacy improvements and provide true indistinguishably. This is true thanks to ring signatures: you can never break the 1/N probability of guessing correctly. There's no additional circumstantial evidence like with CoinJoin (save for IP addresses, but that's a problem independent of cryptocurrencies)."
(https://bitcointalk.org/index.php?topic=583449.msg6883525#msg6883525)
[Anonymity discussions, specially comparing Monero with Darkcoin and its coinjoin-based solution, keep going on]
-3593: "Transaction fees should be a fixed percentage of the block reward, or at the very least not be controllable by the payer. If payers can optionally pay more then it opens the door for miner discrimination and tx fee bidding wars."
(https://bitcointalk.org/index.php?topic=583449.msg6886770#msg6886770)
[Johnny Mnemonic is a firm defender of fixed fees and tail emission: he see the “fee market” as big danger to the usability of cryptocurrencies]
-3986: (https://bitcointalk.org/index.php?topic=583449.msg6930412#msg6930412)
[partnership with i2p]
-4373: “Way, way faster version of cpuminer: https://bitcointalk.org/index.php?topic=619373”
(https://bitcointalk.org/index.php?topic=583449.msg6993812#msg6993812)
[super-optimized miner is finally leaked to the public. Now the hashrate is 100 times bigger than originally with crippled miner. The next hedge for "cloud farmers" is GPU mining]
-4877: “1. We have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here:
logo […] 4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately."
(https://bitcointalk.org/index.php?topic=583449.msg7098497#msg7098497)
[Jun 2nd 2014]
-5079: “First GPU miner: https://bitcointalk.org/index.php?topic=638915.0”
(https://bitcointalk.org/index.php?topic=583449.msg7130160#msg7130160)
[4th June: Claymore has developed the first CryptoNight open source and publicly available GPU miner]
-5454: "New update to my miner - up to 25% hash increase. Comment and tell me how much of an increase you got from it: https://bitcointalk.org/index.php?topic=632724"
(https://bitcointalk.org/index.php?topic=583449.msg7198061#msg7198061)
[miner optimization is an endless task]
-5464: "I have posted a proposal for fixed subsidy:
https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538"
(https://bitcointalk.org/index.php?topic=583449.msg7202776#msg7202776)
[Nice charts and discussion proposed by tacotime, worth reading it]
-5658: "- New seed nodes added. - Electrum-style deterministic wallets have been added to help in the recovery of your wallet should you ever need to. It is enabled by default."
(https://bitcointalk.org/index.php?topic=583449.msg7234475#msg7234475)
[Now you can recover your wallet with a 24 word seed]
-5726: (https://bitcointalk.org/index.php?topic=583449.msg7240623#msg7240623)
[Bitcoin Pizza in monero version: a 2500 XMR picture sale (today worth ~$20k)]
-6905: (https://bitcointalk.org/index.php?topic=583449.msg7386715#msg7386715)
[Monero missives: CryptoNote peer review starts whitepaper reviewed)]
-7328: (https://bitcointalk.org/index.php?topic=583449.msg7438333#msg7438333)
[android monero widget built]
This is a dense digest of the first several thousand messages on the definitive Monero thread.
A lot of things happened in this stressful days and most are recorded here. It can be summarized in this:
  • 28th April: Othe and zone117x assume the GUI wallet and CN pools tasks.
  • 30th April: First NoodleDoodle's miner optimization.
  • 11th May: First Monero exchanger
  • 13th May: Open source pool code is ready.
  • 16th May: First pool mined block.
  • 19th May: Monero in poloniex
  • 20th May: Monero +1100 bitcoin 24h trading volume in Poloniex.
  • 21st May: New official miner optimization x4 speed (accumulated optimization x12-x16). Open source wolf0's CPU miner released.
  • 25th May: partnership with i2p
  • 28th May: The legendary super-optimized miner is leaked. Currently running x90 original speed. Hedge of the "cloud farmers" is over in the cpu mining.
  • 2nd June: Monero at last has a logo. Ticker symbol changes to the definitive XMR (former MRO)
  • 4th June: Claymore's open source GPU miner.
  • 10th June: Monero's "10,000 bitcoin pizza" (2500 XMR paintig). Deterministic seed-based wallets (recover wallet with a 24 word seed)
  • March 2015 – tail emission added to code
  • March 2016 – monero hard forks to 2 min block and doubles block reward
There basically two things in here that can be used to attack Monero:
  • Crippled miner Gave unfair advantage to those brave enough to risk money and time to optimize and mine Monero.
  • Fast curve emission non-bitcoin-like curve as initially advertised and as it was widely accepted as suitable
Though we have to say two things to support current Monero community and devs:
  • The crippled miner was coded either by Bytecoin or CryptoNote, and 100% solved within a month by Monero community
  • The fast curve emission was a TFT miscalculation. He forgot to consider that as he was halving the block target he was unintentionally doubling the emission rate.
submitted by el_hispano to Monero [link] [comments]

Request to list 0xbitcoin.org ( 0xbtc )

This is a request for Shapeshift to list one of the most exciting first ever mineable erc20 token under ethereum driven by the fairest of distribution models utilizing proof of work, 0xbtc
0xBitcoin is the implementation of Bitcoin on the Ethereum blockchain and the first mineable, completely decentralized ERC20 token. The 0xBTC smart contract was initiated on Feb-06-2018 04:03:46 AM +UTC. It is the first SHA-256 PoW-mineable ERC20 token. It has the same halvings, difficulty, eras, and max coin supply of Bitcoin, but with the speed and versatility of an ERC20 token on Ethereum.
This coin has never had an ICO or airdrop.
The purpose of this token is to provide a tool that is the first truly Proof of Work mined ERC token on the Ethereum blockchain. This tool is also the first decentralized payment mechanism on Ethereum besides Ether itself. This is important because Ether is not designed to be a currency or to be a base pair. It is designed to be the lifeblood for the Ethereum Network. Ether is only a 'means to an end' for that purpose and would not exist if the Ethereum network could be secured without it. Therefore it is important that the community looks to shift payments to a token that is 1) specifically designed for the purpose of payments, as it is much cheaper and faster to send this token compared to sending ether, and that 2) interacts with all standardized token services unlike Ether.
- No premine
- No initial coin offering (ICO) or Airdrop
- Mine for free with a CPU/GPU in a pool or solo
- Decentralized community and ownership (Operated as a DAO)
- There is no central entity controlling or operating this project
- Mine and transfer exactly like bitcoin, but 10x faster and 100x cheaper.
- Interfaces with smart contracts on the Ethereum blockchain for storing and transferring value, unlike Ether. (Ether is not intended to be used for payments and is not a token.)
- First ever mineable ERC token on Ethereum Blockchain
Related Websites:
- Reddit: https://www.reddit.com/0xbitcoin/
- BitcoinTalk: https://bitcointalk.org/index.php?topic=3039182.msg31301369#msg31301369
- Discord (Support and Chat) : https://discord.gg/JGEqqmS
- GitHub Contract: https://github.com/0xbitcoin
- GitHub Miner: https://github.com/0xbitcoin/0xbitcoin\-mineblob/masteRELEASES.md
- Contract: https://etherscan.io/address/0xb6ed7644c69416d67b522e20bc294a9a9b405b31
- Stats: https://0x1d00ffff.github.io/0xBTC-Stats/?page=stats
- Website: https://0xbitcoin.org/
Please consider listing this project.. its exciting.. its totally something new.. its adoption is through the roof.. its mineable.. it was never ICOed creating the most fair of 0xbtc token distribution look at the token holders chart ;
https://etherscan.io/token/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#balances
the top token holder has about 1 percent with all other majority holders well under .2 of a percent holdings. No team holding 25 percent here..
submitted by piratedc to shapeshiftio [link] [comments]

Q&A series v. 1.0

Building Whalesburg
We are getting questions from investors and bloggers who are not professional miners. They know in common words what it means, what hardware miners use but are not so familiar with numbers of this field. We regularly get questions how much profit Whalesburg will bring to our customers. So we decided to write a post which explains the basics of mining ROI.
This article is not for skilled miners; some details are not covered here!
What is typical ROI in mining, how Whalesburg will improve it?
Mining ROI hardly depends on the hardware you use (GPU or ASICs), cryptocurrency prices, network difficulty, hashrate and other variables, which changes over time. It means that real data may hardly differ from those provided in this article.
Let’s refer to a well-known website Cryptocompare.com on the page of Antminer S9 (https://www.cryptocompare.com/mining/bitmain/antminer-s9-mine). This website is quite popular and has an API used by thousands, so the data seems to be trustworthy. It tells that the price of a single piece of S9 is $2,725, its power consumption equals 1,375W, return per year is $3560 (incl. electricity costs) and ROI equals 130%.
This way you will get $3560 — $2725 = $835 net income at the end of the first year if variables below will remain same. The second year will bring you $3560 more. Note calculations was made using price of 1 BTC = $10516, electricity price $0.12 per kW/h and network difficulty = 18,633,837 PH/s.
Now let’s take a look at whattomine.com website on SHA 256 algorithm: screenshot is in a Medium post
As you can see, there is an option to mine UNIT which more profitable than BTC by 31% (!!!). So switching some of the pool’s hashpowers to this coin and converting UNIT to BTC on the fly could increase miners profit. This is the main concept of Whalesburg smart mining pool.
There is another problem — low UNIT’s network hashrate which can prevent this coin being such a profitable one if we will switch all our powers to it.
We are developing an algorithm which will vary hash powers among new coins and split profits between all participants. So, if someone will mine COIN1 with 130% BPR (BTC Profit Rate) and other will mine Bitcoin with 100% BPR — each of them both will get 15% more profit than just mining BTC. A module which responds for payouts will convert them to BTC by intent and split rewards among participants with PPLNS method.
Same picture we can see on other algorithms. For example our MVP use Ethash: screenshot is in a Medium post
Will your partners who are mining hosting companies hold WBT or they will propose Whalesburg to their clients?
All partners will have a will to hold WBT tokens for their clients, and they agree to such terms. The fee of 0,45% is cheap; additionally, they get a monitoring tool built to fulfill their needs. It is a win-win deal. Clients of our partners are investors, not IT geeks. They don’t need to hold these tokens to see increased ROI in reports. We offer services to any size mining facilities. They will want to hold our tokens and use our software. Can you make some more concrete arguments in favor of Whalesburg regarding time-saving and increased ROI?
Time-saving:
Now miners need to set a bunch of tools like EthMiner, Autominer, Claymore, Afterburner, and others. We incorporate all this functionality in one. Miners need to analyze the profitability of dozens of coins, look for good pools, create and run a .bat or .sh file to stop/run miners. They need to understand this all! Miners need to monitor the state of their hardware manually, and if something happened (drops of hash rate), they need to become a hardware doctors and to heal their farms. Let me tell you a story. Miner has a mining rig built with 8 GPU cards. He mines ETH with X MH/s. Suddenly he finds that hash rate become 0.6X MH/s — this is a 40% drop!!! But all the cards are working, responding at the same delay and have the same hash rate which is (0.6X)/8 MH/s. So Miner takes out GPUs one by one and restarts this rig until he founds one GPU card which causes a problem. He replaces this card with another one, and his rig’s hash rate returns to X MH/s. He still doesn’t know what is wrong with his GPU card. The Whalesburg monitoring tool can prevent failures and diagnose problems automatically and notify Miner. Even try to heal it disconnecting card programmatically.
Return rate:
A long time ago we experimented with my friends who own mining rigs and who were mining ETH. We’ve chosen most popular “smart mining pools” like Nicehash, Miner gate, suprnova.cc and solo mining mode with Claymore miner. The last mode was to mine with Whalesburg proof-of-concept solution — it was EthMiner + Autominer which connects to a pool of the most profitable coin among EtHash algorithm. So we connected five mining farms of the same hash rate to each of these modes and start to gather live statistics. A week was gone, and we calculated profits, rates, metrics: Lowest was solo mode mining with Claymore (obvious reasons — low hash rate, high difficulty). And still it brought to rig owner around 80% to average experiment income; Then go Nicehash and Minergate with 90% of average income, and both more-less were looking similar. Suprnova.cc was the best among all the previous and gave 115% of average experiment income. Whalesburg.com chart was hopping from one coin to another frequently at the start, then it stabilized and showed 125% of average income.
Why we generate more profits, strong part:
The first server-side auto-witching algorithm. The one in the world — all other smart pools leave this to a clients side. Transparent fees. Blockchain-based accounting shows we are not hiding a penny and using actual exchange rates. We have more Ethash coins already, at the start. We have other architecture that other mining pools, the proprietary software we coded our own from scratch. To be confident we can promise at least +15% income to whatever they use now.
Weaknesses:
Whalesburg is in the early stage. We have just released an MVP. Our pool’s hashrate on start will be low comparing to the biggest pools on the market. This is what we need to work out, but it will be easy.
Whalesburg team
Join telegram chat: https://t.me/whalesburg
Test our MVP: http://pool.whalesburg.com
Stay tuned!
submitted by whalesburg to Whalesburg [link] [comments]

"Unknown" hashrate has dropped by 7% overnight

I posted this article yesterday, pointing out some miner address behavior that seems to indicate that one miner alone is controlling four or more addresses in his wallet that have trafficked over 500,000 mined Litecoin to the exchanges (apparently).
http://www.reddit.com/litecoin/comments/2dwyll/unknown_may_be_far_fewer_miners_than_i_originally/
I just took a look at the Hashrate Distribution chart on litecoinpool.org and that miner I pointed out is still at it...but the "Unknown" hashrate that is represented primarily by solo mining addresses has dropped 7% since I wrote that post, yesterday. We also had a difficulty decrease on the last adjustment of 4.08% yesterday and we're currently looking at another drop of 3.3% for the next adjustment in 2.5 days, as I write this.
This seems to lend some credibility to the idea that a fair amount of the "solo" hashrate may have been a manufacturer, running their own equipment and dumping the mining rewards to improve cash flow. Will be interesting to see if KNCMiner ships Titans loaded with dust, as they've done to Bitcoin miners before.
Edit: I also just noticed the appearance of a new name on the Top Hashrate list: Zeushash, at 5% of the network hashrate, in the #5 spot. So that may be where some of the "unknown" hashrate went.
submitted by FreeJack2k2 to litecoin [link] [comments]

I have a bit of a question about difficulty.

Considering that there are people a lot of rigs out there that have all been ordered a year ago which still hasn't hit the market, and considering that the computational power of bitcoin actually jumped off the charts, expecting a huge difficulty increase, there may be a large number of people with even jalapenos who may drop out of mining because their computing power may just not match up enough to solo-mine or even make enough money in a pool. This may end up dropping a lot of computing power by the end of this event, and it might (for all I can speculate) take hours or days for a new block to generate.
Yes, that event would make bitcoins much more scarce, which may increase the value thereafter, but businesses cannot operate face to face waiting for hours or days to see if a transaction has been cleared or sent. And it may take a very long time after that hypothetical event to clear up, because the time at which the network adjusts difficulty is based on counting the number of blocks generated and the time between them. Does Satoshi's paper say anything about this? If reasons can be pointed out as to why nothing wrong would occur, or if this event wouldn't happen at all, then someone needs to start working on a project called ScienceCoin so universities and NASA can use the computational power of this kind of network instead of spending millions of dollars on super computers which are vastly dwarfed by this network.
submitted by STEVERODGERS to Bitcoin [link] [comments]

c'mon guys , help us to promote Fedoracoin , in your language .

Create a post with all the important information and share everywhere.
Can you see here: https://bitcointalk.org/index.php?topic=463505.0
Like this (Italian version) (latest version):
Salve a tutti ,pochissimi di voi conosceranno questa cryptomoneta. Vorrei aggiornarvi elencando il potenziale e la community dietro a questo progetto. Informazioni dettagliate le trovate nel thread madre: https://bitcointalk.org/index.php?topic=391192.0 I TIPS sono forse la crypto con più pezzi, 500 miliardi (5 volte i Dogecoin, prima della modifica inflazionistica ) , fattore che reputo determinante sotto il profilo psicologico , ad oggi si scambiano frazioni di bitcoin e litecoin ...si possono considerare realmente moneta da usare in futuro in frazioni decimali? Ora è solo speculazione ,come tutte del resto. Di recente è stato implementato l'algoritmo KGW (Kimoto Gravity Well) , solo alcune monete lo hanno , ed è fondamentale per la stabilizzazione del net Hashrate. Attualmente è ancora molto profittevole , l'attuale difficoltà oscilla tra 15 e 20. La community è molto valida , potete seguirla,partecipando all' IRC channel dedicato.
https://kiwiirc.com/client/irc.freenode.net/#team-tips
Si differenzia dalla massa per tre punti cardine : il concetto di tipping, il sistema di pagamento ,date un'occhiata qui : https://pay.withfedoraco.in/ e soprattutto ,attualmente in fase beta ,sta per essere rilasciata e funzionante con il prossimo update del Wallet , (una killer feature la chiamerebbero gli inglesi) in esclusiva assoluta e temporale per qualsiasi cryptomoneta, un sistema di trasferimento , [u]non tracciabile [/u] ,definito " mixing node" . Potrebbe attirare l'interesse di molti , di certo questo moneta ha futuro roseo. Tra 3 settimane si dimezzerà il reward e oltretutto manca la possibilità di scambiarla in BTC, quindi grossi capitali non ancora pervenuti (petizione su cryptsy : https://cryptsy.freshdesk.com/support/discussions/topics/76655/page/2 ) Ora capitalizza 1 milione di dollari , ma in tre settimane c'è stato un accumulo e distribuzione di quasi 6 milioni :
Un po di dati :
[center]
[img]http://i.imgur.com/0pv6nB8.png[/img]
[url=http://fedoraco.in]FEDORACO.IN[/url] [url=https://twitter.com/fedoracoin]TWITTER[/url] | [url=http://facebook.com]FACEBOOK[/url] | [url=http://www.reddit.com/FedoraCoin/]REDDIT[/url] | [url=https://kiwiirc.com/client/irc.freenode.net/#TIPS]FREENODE[/url]
[hr][/center]
[center][table][tr] [td] [img]http://fayens.com/images/tips/tips_info.png[/img] [hr]
TiPS (a.k.a. [url=http://fedoraco.in]FedoraCoin[/url]) leads a whole new paradigm in the world of cryptocurrency. With a click of a mouse users of the currency can send money anonymously to anyone all over the globe. With FedoraCoin being the largest LiteCoin-backed market right now you can be sure your TiPS will make more of an impact than ever.
[color=Lightgrey]••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••[/color] [url=http://www.reddit.com/FedoraCoin/comments/1tyfo4/getting_started_guide_guide_for_beginners/][b]Getting Started Now![/b][/url] [color=Lightgrey]••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••[/color]
[img]http://fayens.com/images/tips/tips_specs.png[/img] [hr]
[b]Algorithm[/b]: [color=gray]Scrypt[/color] [b]Max Coins[/b]: [color=green]500,000,000,000[/color] [b]Block Time[/b]: [color=brown]60 seconds[/color] [b]Difficulty Retarget Time[/b]: [color=blue]10 minutes[/color] [b]Premine[/b]: [color=red]3 blocks[/color] as test. [url=https://archive.installgentoo.net/g/thread/38958517#p38963172]Original Annonce[/url]
[img]http://fayens.com/images/tips/tips_rewards.png[/img] [hr]
[b]Block[/b]: [color=green]0 - 51,999[/color] : [color=brown]0-5,000,000[/color] [color=gray]TIPS[/color] [b]Block[/b]: [color=green]52,000 - 103,999[/color] : [color=brown]0-2,500,000[/color] [color=gray]TIPS[/color] [b]Block[/b]: [color=green]104,000 - 207,999[/color] : [color=brown]0-1,250,000[/color] [color=gray]TIPS[/color] [b]Block[/b]: [color=green]208,000 - 415,999[/color] : [color=brown]0-625,000[/color] [color=gray]TIPS[/color] [b]Block[/b]: [color=green]416,000 - 831,999[/color] : [color=brown]0-312,500[/color] [color=gray]TIPS[/color] [b]Block[/b]: [color=green]832,000 - 1,663,999[/color] : [color=brown]0-156,250[/color] [color=gray]TIPS[/color] [b]Block[/b]: [color=green]+1,664,000[/color] : [color=brown]50,000[/color] [color=gray]TIPS[/color]
[img]http://fayens.com/images/tips/tips_exchanges.png[/img] [hr]
• [url=http://coin-swap.net][b]Coin Swap[/b][/url] - [url=https://coin-swap.net/market/TIPS/][color=green]Many Coin Trade[/color][/url] • [url=http://www.coinedup.com][b]CoinedUp[/b][/url] - [url=https://coinedup.com/OrderBook?market=TIPS&base=LTC]TIPS/LTC[/url] • [url=http://www.cryptsy.com][b]Cryptsy[/b][/url] - [url=https://www.cryptsy.com/markets/view/147]TIPS/LTC[/url] • [url=http://www.bter.com][b]B-TER[/b][/url] - [url=http://bter.com/trade/tips_ltc]TIPS/LTC[/url] • [url=http://openex.pw][b]OpenEx[/b][/url] - [url=https://openex.pw/index.php?page=trade&market=118]TIPS/BTC[/url] • [url=http://www.allcoin.com][b]AllCoin[/b][/url] - [url=https://www.allcoin.com/trade/tips_ltc]TIPS/LTC[/url] • [url=http:///cryptorush.in][b]Crypto Rush[/b][/url] - [url=https://cryptorush.in/index.php?p=trading&m=TIPS&b=LTC]TIPS/LTC[/url] | [url=https://cryptorush.in/index.php?p=trading&m=TIPS&b=BTC]TIPS/BTC[/url] • [url=http://www.swisscex.com][b]Swisscex[/b][/url] - [url=https://www.swisscex.com/market/TIPS_LTC]TIPS/LTC[/url] | [url=https://www.swisscex.com/market/TIPS_BTC]TIPS/BTC[/url]
[img]http://fayens.com/images/tips/tips_node.png[/img] [hr]
[code] addnode srv1.fedoracoin.net add addnode srv1.fedoracoin.net onetry addnode srv2.fedoracoin.net add addnode srv2.fedoracoin.net onetry [/code]
[img]http://fayens.com/images/tips/tips_admin.png[/img] [hr]
• [url=https://bitcointalk.org/index.php?action=profile;u=193414]invisible[/url] - [i]TiPS lead developer[/i] [/td] [td] [/td] [td] [img]http://fayens.com/images/tips/tips_news.png[/img] [hr]
The latest news about fedoracoin. Like a new coming apps or something like that!
[img]http://fayens.com/images/tips/tips_update.png[/img] [hr]
Something about LATEST UPDATE here!
[img]http://fayens.com/images/tips/tips_downloads.png[/img] [hr]
[url=http://fedoraco.in/#how]Windows[/url] | [url=http://fedoraco.in/files/0.60/fedoracoin-0.60-win32.exe]Installer[/url] | [url=http://fedoraco.in/files/0.60/fedoracoin-0.60-win32.exe]Standalone[/url] | [i][color=green]Version 0.60[/color][/i] [url=http://fedoraco.in/#how]Linux[/url] | [url=https://aur.archlinux.org/packages/fedoracoin-qt/]Arch Linux[/url] | [url=http://fedoraco.in/files/0.60/fedoracoin-0.60.tar.gz]Tarball[/url] | [i][color=green]Version 0.60[/color][/i] [url=https://github.com/fedoracoin/fedoracoin]Source Code[/url] | [i]Github FedoraCoin[/i] [url=http://www.reddit.com/FedoraCoin/comments/1y8n8s/psa_060_osx_wallet_released/]MAC OS[/url] | [i][color=green]Version 0.60[/color][/i] [list] [li]Thanks to MystPhysX, you can TIP them at[/li] [li][color=maroon]EUPHoriC2havByVtFbHTgG83zawY5SETjX[/color][/li][/list]
[color=Lightgrey]••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••[/color] [url=https://bitcointalk.org/index.php?topic=471660.0]Changelog 0.60[/url] - [i]Built-in coin mixing/anonymizer Service[/i] [color=Lightgrey]••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••[/color]
[img]http://fayens.com/images/tips/tips_pools.png[/img] [hr]
• [url=http://core.fedoracoin.net/]FedoraCoin Core[/url] - [i][color=red]1%[/color] fee, managed by invisibel[/i] • [url=http://fedora.pcfil.com/]PCFiL Fedora[/url] - [i][color=red]1%[/color] fee, managed by PCFiL[/i] • [url=http://chickenstrips.net/]Chicken Strips[/url] - [i][color=red]0.5%[/color] fee, managed by chisefu[/i] • [url=http://fedora.coin-pool.org/]Coin-Pool Fedora[/url] - [i][color=red]1%[/color] fee, managed by speed-[/i] • [url=http://tips.suchpool.pw/]Such Pool TiPS[/url] - [i][color=red]1%[/color] fee, managed by CryptoSiD[/i] • [url=http://tips.dedicatedpool.com/]Dedicated Pool TiPS[/url] - [i][color=red]2%[/color] fee, managed by binaryclock[/i] • [url=http://tips.notnull.org/]Not Null TiPS[/url] - [i][color=red]1.5%[/color] fee, managed by ?[/i]
[img]http://fayens.com/images/tips/tips_community.png[/img] [hr]
• [url=http://forum.fedoracoin.net/]FedoraCoin Forum[/url] - [i]The Official Forum![/i] • [url=http://www.reddit.com/FedoraCoin/]FedoraCoin Reddit[/url] - [i]The Official SubReddit![/i] • [url=http://www.reddit.com/FedoraCoinMining/]FedoraCoin Mining[/url] - [i]FedoraCoin Mining Guide![/i] • [url=http://www.reddit.com/FedoraCoinTalk/]FedoraCoin Talk[/url] - [i]Official SubReddit FedoraCoinTalk![/i] • [url=http://www.reddit.com/FedoraCoinBeg/]FedoraCoinBeg[/url] - [i]Tip your Fedora![/i] • [url=http://www.reddit.com/TIPmarket/]TipMarket[/url] - [i]TipMarket SubReddit![/i]
[img]http://fayens.com/images/tips/tips_services.png[/img] [hr]
• [url=http://www.reddit.comfedoratips]Tips Bot[/url] - [i][url=http://www.reddit.com/fedoratips/wiki/gettingstarted]Getting Started[/url][/i] • [url=http://fedora-foundation.net/]General Funds[/url] - [i]FedoraCoin Foundation[/i] • [url=https://pay.withfedoraco.in/]w/ FedoraCoin[/url] - [i]Payment processing platform.[/i] • [url=http://fedoraco.in/wallet]Paper Wallet[/url] - [i]Such a wallet generated for you.[/i] • [url=http://fedoracha.in/]Block Explorer[/url] - [i]Fedora Chain[/i] • [url=http://chain.fedoraco.in/chain/FedoraCoin]Block Explorer[/url] - [i]FedoraCo.in[/i] • [url=http://faucet.fedoraco.in/]Faucets[/url] - [i]FedoraCoin Faucets[/i] • [url=http://bluecoinstock.com]Blue Coin Stock Charts[/url] - [url=http://bluecoinstock.com/viewe4/2/1]Cryptsy[/url] | [url=http://bluecoinstock.com/public/market/4]Public[/url] • [url=http://www.cryptocoincharts.info/]Crypto Coin Charts[/url] - [url=http://www.cryptocoincharts.info/#jump-tips-ltc]TIPS/LTC[/url] | [url=http://www.cryptocoincharts.info/#jump-tips-btc]TIPS/BTC[/url] | [url=http://www.cryptocoincharts.info/#jump-tips-cny]TIPS/CNY[/url]
[img]http://fayens.com/images/tips/tips_games.png[/img] [hr]
• [url=http://fedora.diceomat.com]Dice O Mat[/url] - [i]A simple dice game[/i] • [url=https://coin-horse.com/TIP/]Horse Game[/url] - [i]A simple horse game[/i] [/td][/tr][/table][/center]
Grazie per la lettura , rimango a disposizione per eventuali domande .
Update : Wallet 0.60 disponibile ,con [u]Mixing node[/u] Changelog (a metà pagina) https://bitcointalk.org/index.php?topic=391192.2160 TIPS/BTC (Cryptsy) atteso per la prossima settimana.
submitted by DarkVenu to FedoraCoin [link] [comments]

Getting started with Ethereum

What is Ethereum?

Ethereum is a decentralized programmable platform that utilizes that allows for the application of blockchain technology in many facets of life.

Like Bitcoin, Ethereum utilizes a blockchain for security and transparency. Ethereum, like Bitcoin, is also tradeable directly as Ether (ETH). However, Ethereum also allows for the creation of “smart contracts”, allowing developers to use blockchain technology, via Ethereum, in their own programmable applications.

What is Ether (ETH)?

Ether, or ETH for short, is the currency Ethereum uses. Ether is generated via algorithmic mining, and is the basis of the Ethereum network. Ether serves as the basis for Ethereum “smart contracts” which often utilize “tokens”, an abstraction of Ether.

How can I purchase Ether (ETH)?

Depending on your geographical location, your options for purchasing Ether may vary.

Purchasing Ether through Coinbase.com, using USD or BTC is a very popular method of obtaining Ether

Gdax.com allows for more rapid exchange of currency, and is connected directly to Coinbase.com

Alternatively, Poloniex.com, Kraken.com (EUR), and Bitfinex.com (USD) are popular exchanges.

Best places to buy EtheBTC with debit cards or instant bank transfers:
Best places to buy EtheBTC with SWIFT bank transfers:
Best exchanges to transfer EtheBTC to for trading:
Exchanges Fees:
Exchange Maker Taker
GDAX 0% 0.30%
Poloniex 0.15% 0.25%
Kraken 0.16% 0.26%
Bitfinex 0.10% 0.20%
Gemini 0.10% 0.20%
Bittrex 0.25% 0.25%

How can I mine ETH?

The easiest way to get started mining is through Minergate: https://minergate.com/

MinerGate isn’t recommended if you plan to have dedicated mining rigs.

If, however, you wish to mine on an existing computer as a hobby, or out of interest, it’s perfect. While it does take a fee from your mining, it’s GUI is quick and simple to use and once install you can be mining instantaneously. It also has some challenges that encourage you to mine, and if you’re an absolute beginner, then the simplicity of this software will have you jumping for joy.

Other ETH mining pools include:
The following guides can help you get started:

Where can I check the price of Ether (ETH)?

Cryptowat.ch is a popular website to track the price of Ether (ETH). In addition to listing the price of ETH on the major exchanges, it allows for a wide variety of charting tools which can be used to trade ETH more effectively.

How is Ethereum different than Bitcoin?

Ethereum creates an ecosystem for the utilization of blockchain in everyday transactions and is designed with this intention. Bitcoin, on the other hand, was created as a form of electronic cash. Ethereum uses similar blockchain technology to maintain all of the benefits of Bitcoin, but also allows for an infrastructure of applications which can extend beyond the exchange of currency.

Can I send Ether to a Bitcoin wallet?

No.

Who is behind Ethereum?

Vitalik Buterin

What are tokens?

ERC20 tokens are Ethereum derivatives. Tokens allow for smart contracts to interface directly with the Ethereum blockchain. As such, they are exchangeable through Ethereum wallets.

Proof of Work vs Proof of Stake

Proof of Work is the current method used to generate ETH, the "Serenity" update will change this to a Proof of Stake system, the difference is explained below.

Proof of Work is the system by which most cryptocurrencies, including Bitcoin, manage their blockchains. Through a process known as mining, individuals contribute processing power to solve difficult, arbitrary calculations as well as to validate calculations to determine what the next block in the blockchain should be. Whenever a new block is added to the chain, whoever was lucky enough to be the person that created that block is rewarded with some amount of currency.

The difficulty of these calculations can be determined by the devs behind the currency to control the rate at which new coins are dispersed into the economy. The reason for the difficult calculations is to secure the network by making it difficult for an attacker to start adding invalid blocks to the universally accepted chain - in this system, the attacker would need to generate over 50% of the processing power in the entire network to have their malicious validation be accepted. A higher-level way to think about this is that processing power is what creates scarcity and is proportional to the odds of you getting the next reward. This has the unfortunate side-effect of giving a disproportionate amount of power, in regards to both reward and blockchain validation, to miners that control a large portion of the mining hashrate.

Proof of Stake rewards are distributed via proportional to the “stake” that validators have in the economy as opposed to the work you can do. Your stake increases based on the amount of currency in your wallet and how long it’s been there. The greater your stake, the higher the odds are that you will receive a reward for the creation of the new block on the chain. In contrast to PoW where scarcity comes from processing power, in PoS, the scarcity comes from the currency itself.

As of June 2017, Ethereum is using a Proof of Work system. By the Serenity update the platform will be updated to use a Proof of Stake system. As we get closer to that release we will learn more details about how the PoS system will work in Ethereum’s implementation, known as Casper.

Anticipated ETH Updates:

zkSNARKs

zkSNARKs stands for “zero knowledge Succinct Non-interactive ARguments of Knowledge”. They allows us to manipulate and translate calculations that need to be double-checked so that nothing on the network needs to know exactly what the original calculation was, but can still confirm whEther a result is correct or not. The details of how this works are too opaque for this guide, but what it means is that code deployed on Ethereum doesn’t have to be open-source and the details of transactions can remain completely secret. zkSNARKs will be implemented in the Metropolis update.

Metropolis

Metropolis is the next major update to the Ethereum network, the third of four phases that the developers have planned for Ethereum. This update will bring with it modifications to the way that applications interact with the network, making it simpler for developers to write apps on the platform. zkSNARKs will also be implemented in this update, opening up the Ethereum network to developers that want to keep their apps’ source code a secret and users that want greater privacy for their transactions.

Serenity

This is the fourth and final major planned update to Ethereum. This is defined by two massive changes: transition from a PoW to PoS system using the Casper algorithm (described above), and sharding. Sharding will allow applications to be split into tiny pieces, or sharded, and distributed across the network. One calculation required to execute an app may happen on one machine (and then double-checked using zkSNARKs on several others), then the next calculation happens somewhere else, and so on. Not only does this improve performance by reducing the time it takes for apps to execute on the network, allowing network nodes to validate only shards of the blockchain means that new blocks can be added, and transactions confirmed, near instantly. This is the biggest update planned for Ethereum and has no release date yet determined.

Other Resources:

Ethereum fundamentals wiki:

Useful reddit link showing upcoming news:

Very good list of links to read about Ethereum:

Tax advice

submitted by IBeRamen to Etherealm [link] [comments]

Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS - all you need to know USB miner solo mining profitability - YouTube Mining Pool Shares, Difficulty and Luck Explained What is Crypto Mining Difficulty and How it Impacts YOUR Profits - Explained W/ BTC ZenCash ZEC BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES!

Difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. How often does the network difficulty change? Every 2016 blocks. So to solo mine any other Altcoin all you have to do is apply the same procedure. We’ll show you how to GPU solo mine but the same applies to CPU as well as ASICs. Also in this guide there are two methods involved 1. Solo mining using same computer where the wallet runs 2. Solo mining using mining rig where you don’t have your wallet setup. *Based on current mining difficulty and Bitcoin price. View historical difficulty for BCH and BTC ** Daily fee covers electricity and maintenance costs.The contract will end if the total revenue from the past 30 days is less than the total daily fee for the same period. Real time and historical statistics on Bitcoin GOLD network difficulty. The BTG difficulty is adjusted periodically as a function of an average block finding time. Bitcoin GOLD BTG Network Difficulty Chart - 2Miners The Monero difficulty chart provides the current Monero difficulty (XMR diff) target as well as a historical data graph visualizing Monero mining difficulty chart values with XMR difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time

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Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS - all you need to know

🍓 Best Bitcoin Mining Software That Work in ... USB miner solo mining profitability - Duration: 5:49. DevilsBitcoins 6,983 views. 5:49. Mining Difficulty - Simply Explained - Duration ... TIMESTAMPS: Antminer S9: 6:03 Antminer S17: 10:17 Articles and hashtags referenced:#bitcoinnews #bitcoinmining #BitcoinBillionaire GET A Chance To WIN $100 B... A chart showing bitcoin mining difficulty changes over time Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market How to buy a pack in onecoin ... This video is all about Mining . We discuss how mining in bitcoin works and the differences between SOLO MINING VS MINING POOLS. Hope this video brings you a lot of value! We take a look at profitability of USB miner solo mining Bitcoin and Litecoin. What are the chances to find a block on your own own of 12.5 BTC or 25 LTC. Ch...

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