Pete wentz - Bitcoin Miner - bkockchain company LinkedIn

"Bitcoin XT and Bitcoin Unlimited are aligned in the belief that consensus-level changes should be activated only after ratification by the miners. 'Take-it-or-leave-it' bundles, and hard-fork deadlines, are adding unnecessary stress and politicking." - Peter Rizun

submitted by throwawayo12345 to btc [link] [comments]

Bitcoin Core's Peter Todd: 'The problem with mined sidechains is that the segwit "anyone-can-spend" issue is a reality, not FUD, and miners can steal sidechain funds; the reason why segwit doesn't have that problem is because full nodes prevent the theft, but sidechains have only miner-trusting SPV'

Bitcoin Core's Peter Todd: 'The problem with mined sidechains is that the segwit submitted by michelson01 to btc [link] [comments]

Peter Todd: "With some miners threatening 51% attacks against Bitcoin, researching a PoW change is a good backup plan.: btcpowupdate.org"

Peter Todd: submitted by TomorrowisToday_ to Bitcoin [link] [comments]

Peter Todd: "With some miners threatening 51% attacks against Bitcoin, researching a PoW change is a good backup plan.: btcpowupdate.org"

Peter Todd: submitted by Windowly to btc [link] [comments]

Peter Todd on Twitter: "tl;dr: Bitcoin Classic is proposing to let a majority of miners steal any coins they want too. #thatsnotbitcoin https://t.co/5kl7pxOSEM"

Peter Todd on Twitter: submitted by BitcoinHR to Bitcoin [link] [comments]

Peter R refuses to remove block size limit from Bitcoin Unlimited. Claims that miners want to be able to set a limit.

Peter R refuses to remove block size limit from Bitcoin Unlimited. Claims that miners want to be able to set a limit. submitted by byzantinepeasant to btc [link] [comments]

"Bitcoin XT and Bitcoin Unlimited are aligned in the belief that consensus-level changes should be activated only after ratification by the miners. 'Take-it-or-leave-it' bundles, and hard-fork deadlines, are adding unnecessary stress and politicking." - Peter Rizun

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Shameless liars Peter Todd and Samson Mow claim that Chinese miners are threatening top spend $100 million to kill Bitcoin

https://twitter.com/Excellion/status/827792587339620352
The truth is completely different:
Cryptocoinsnews: Luke-Jr has threatened a PoW hardfork if maxblocksize is increased. It appears to play some role in the hesitancy of other miners, but Zhuoer thinks he has a solution. He says:

“We have prepared $100 million USD to kill the small fork of CoreCoin, no matter what POW algorithm, sha256 or scrypt or X11 or any other GPU algorithm. Show me your money. We very much welcome a CoreCoin change to POS.”

...
Does anybody feel the desire to stay unforked with such people?
submitted by Shock_The_Stream to btc [link] [comments]

Peter R refuses to remove block size limit from Bitcoin Unlimited. Claims that miners want to be able to set a limit.

Peter R refuses to remove block size limit from Bitcoin Unlimited. Claims that miners want to be able to set a limit. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Peter Rizun: I support @CobraBitcoins proposal to rewrite the Bitcoin (BTC) white paper. It gives the impression that BTC is cash, nodes are miners, SPV is for users, and that hash power both enforces and defines the consensus rules. This applies only to BCH. BTC needs its own white paper.

Peter Rizun: I support @CobraBitcoins proposal to rewrite the Bitcoin (BTC) white paper. It gives the impression that BTC is cash, nodes are miners, SPV is for users, and that hash power both enforces and defines the consensus rules. This applies only to BCH. BTC needs its own white paper. submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin Core's Peter Todd: 'The problem with mined sidechains is that the segwit "anyone-can-spend" issue is a reality, not FUD, and miners can steal sidechain funds; the reason why segwit doesn't have that problem is because full nodes prevent the theft, but sidechains have only miner-trusting SPV'

Bitcoin Core's Peter Todd: 'The problem with mined sidechains is that the segwit submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Peter Todd on Twitter: "tl;dr: Bitcoin Classic is proposing to let a majority of miners steal any coins they want too. #thatsnotbitcoin https://t.co/5kl7pxOSEM"

Peter Todd on Twitter: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Peter Rizun tells miners to force a hard fork by attacking the original chain /r/Bitcoin

Peter Rizun tells miners to force a hard fork by attacking the original chain /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Peter Todd: "With some miners threatening 51% attacks against Bitcoin, researching a PoW change is a good backup plan.: btcpowupdate.org"

Peter Todd: submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Shameless liars Peter Todd and Samson Mow claim that Chinese miners are threatening top spend $100 million to kill Bitcoin /r/btc

Shameless liars Peter Todd and Samson Mow claim that Chinese miners are threatening top spend $100 million to kill Bitcoin /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

05-15 07:51 - 'This was said by AFAIK Peter Todd in a Q&A on a Chinese forum. I'm on mobile and don't have the link on hand, sorry. / It would certainly be a good choice for the miners to do so if they want a guarantee that the...' by /u/aaaaaaaarrrrrgh removed from /r/Bitcoin within 147-152min

'''
This was said by AFAIK Peter Todd in a Q&A on a Chinese forum. I'm on mobile and don't have the link on hand, sorry.
It would certainly be a good choice for the miners to do so if they want a guarantee that the hardfork will happen.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: aaaaaaaarrrrrgh
submitted by removalbot to removalbot [link] [comments]

Miners: You'll (very likely) need to upgrade your Bitcoin Core node soon to support BIP66 | Peter Todd | Jun 12 2015

Peter Todd on Jun 12 2015:
Summary
The BIP66 soft-fork recently passed the 75% support threshold. This
means that 75% of the hashing power has upgraded to support BIP66; 25%
of the hashing power has not. Once 95% of the hashing power has
upgraded, blocks created by the 5% who have not upgraded will be
rejected.
If you operate a pool, solo-mine, or mine on p2pool you'll very likely
need to upgrade your Bitcoin Core node to support the BIP66 soft-fork,
or your blocks will be rejected. If you only sell your hashing power to
a centralized pool you do not need to do anything.
How does the Bitcoin protocol measure BIP66 support?
Miners that have upgraded to support BIP66 create blocks with the
version field set to 3; non-upgraded miners set the version to 2.
Bitcoin Core measures BIP66 support by counting how many blocks with
version >= 3 exist in the blockchain within the last 1000 blocks.
If 750 out of the last 1000 blocks support BIP66, blocks with the
version set to >= 3 that do not follow the BIP66 rules are rejected; if
950 out of the last 1000 blocks support BIP66, blocks with version < 3
are rejected.
When will the 95% threshold be reached?
It's unknown exactly when the 95% threshold will be reached. The BIP34
soft-fork went from 75% to 95% support in a about two weeks, however
more or less time is possible; it's possible that the 95% threshold will
be reached in just a few days.
How can I monitor BIP66 adoption?
See Pieter Wuille's graphs:
[http://bitcoin.sipa.be/ver-ever.png](http://bitcoin.sipa.be/ver-ever.png) 
http://bitcoin.sipa.be/ver-50k.png
http://bitcoin.sipa.be/ver-10k.png
http://bitcoin.sipa.be/ver-2k.png
The 'ever' and '50k' graphs show the 75% and 95% thresholds.
What software supports support BIP66?
Bitcoin Core releases later than v0.10.0 support BIP66.
In addition, v0.9.5 supports BIP66, however we recommend that you
upgrade to v0.10.2
If you run a pool, you may also need to upgrade your pool software as
well. For instance, eloipool versions prior to May 22nd 2015, git commit
f5f4ea636fb38f38e6d9a04aad1f04427556a4bc, do not support BIP66. (For
Eloipool, cb8a5e8fbb4bfdfe9e35f670082603caff65e1b2 is a clean merge that
should work for any branch more recent than 2013 April 6)
Solo miners and decentralised miners using GBT need to also update their
mining software to a currently supported version of BFGMiner to get
support for v3 blocks. The official BFGMiner binaries include this
update with 5.1.0, 4.10.2, and 3.10.9.
What is BIP66?
BIP66 - "Strict DER signatures" - is a soft-fork that tightens the rules
for signature verification, specifically the way that signatures are
encoded. The Bitcoin Core implementation currently relies on OpenSSL for
signature validation, which means it implicitly defines Bitcoin's block
validity rules. Unfortunately, OpenSSL is not designed for
consensus-critical behaviour (it does not guarantee bug-for-bug
compatibility between versions), and thus changes to it can - and have -
affected Bitcoin software. (see CVE-2014-8275)
By tightening these rules BIP66 reduces the risk that changes to OpenSSL
will cause forks in the Bitcoin blockchain, as seen previously by the
March 2013 fork. Secondly reducing our dependency on OpenSSL is a step
towards replacing OpenSSL with libsecp256k1, a signature validation
library from Pieter Wuille and Gregory Maxwell, that is designed for
consensus-critical applications, as well as being significantly faster
than OpenSSL.
Is it possible that the BIP66 soft-fork will not happen?
In theory yes, though it is unlikely and rejection of BIP66 would be a
very ugly process. Unfortunately the existing soft-fork mechanism
provides no mechanism for a soft-fork to expire, so once set in motion
there is no clean way to stop a soft-fork.
There is a proposal from Wuille/Maxwell/Todd, to reform how soft-forks
are adopted that aims to fix this issue, as well as allow multiple
soft-forks be adopted in parallel:
http://www.mail-archive.com/[email protected]/msg07863.html

'peter'[:-1]@petertodd.org
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submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

CLTV/CSV/etc. deployment considerations due to XT/Not-BitcoinXT miners | Peter Todd | Aug 19 2015 /r/bitcoin_devlist

CLTV/CSV/etc. deployment considerations due to XT/Not-BitcoinXT miners | Peter Todd | Aug 19 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Miners: You'll (very likely) need to upgrade your Bitcoin Core node soon to support BIP66 | Peter Todd | Jun 12 2015 /r/bitcoin_devlist

Miners: You'll (very likely) need to upgrade your Bitcoin Core node soon to support BIP66 | Peter Todd | Jun 12 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

About Ethereum mining pitfalls, risks, and threats

Bitcoin miners are massively switching to Ethereum. According to 8btc estimates, the payback period for a Bitcoin miner is 600 days, while for the same metric on Ether it only takes 200 days. But this goodness won’t last forever. Read about what threatens the development of Ethereum below.
Hardware and Filling – Halfway to Success
Experienced folks advise taking the most productive video cards, for example, the latest models from Nvidia and AMD. When choosing, pay attention to the amount of video memory (ideally from 2 GB), memory speed (with DDR 5 memory), bus width (better with a 256-bit bus), and cooling (basically there’s no competition to Radeon devices). Take Radeon RX 570, this 169 USD card produces 24-30 Mh/s, which is superb.
The Illusion of Stability
The entire multi-million community of Ether lovers trembled in early August when the Ethereum Classic network was subjected to several 51% attacks at once. In addition, in the first half of 2020 alone, over 5 attacks were carried out on popular DeFi platforms, including Balancer ($500,000 stolen) and bZx (17,500 ETH were stolen in total). Moreover, cybercriminals do not always use technical vulnerabilities, sometimes good old social engineering works.
Reduction of Reward
Ethereum developers have proposed to reduce the block mining reward by 75%. ConsenSys Managing Director John Leelik published the EIP-2878 proposal aimed at reducing inflation and preserving purchasing power. If supported, the reward will drop to 0.5 ETH.
The transition of ETH to ETH 2.0 (PoS)
We already wrote about this in the article "Problems of Ethereum Mining", and you can also watch the interview by Peter McCormack with the project founder Vitalik Buterin.
While the opportunity is still there, we offer everyone to get the most out of it and mine profitably. For example, take a closer look at the new CoinFLy ETH Pool, that nowadays offers more rewards than others, at least by 10%.
Profit That is Not Profit
A hidden and obvious problem is choosing the pool based on its profitability. If you only have a few capacities, then it is better to choose a pool that uses the PPS+ model, if you’ve got a lot of them, then a powerful pool with PPLNS is better. And if you’ve got so many capacities that there’s even enough for others, then you can also go SOLO, buddy. More details - here.
submitted by applesEgo to ethereum [link] [comments]

Ethereum mining pitfalls, risks, and threats

Bitcoin miners are massively switching to Ethereum. According to 8btc estimates, the payback period for a Bitcoin miner is 600 days, while for the same metric on Ether it only takes 200 days. But this goodness won’t last forever. Read about what threatens the development of Ethereum below.
Hardware and Filling – Halfway to Success
Experienced folks advise taking the most productive video cards, for example, the latest models from Nvidia and AMD. When choosing, pay attention to the amount of video memory (ideally from 2 GB), memory speed (with DDR 5 memory), bus width (better with a 256-bit bus), and cooling (basically there’s no competition to Radeon devices). Take Radeon RX 570, this 169 USD card produces 24-30 Mh/s, which is superb.
The Illusion of Stability
The entire multi-million community of Ether lovers trembled in early August when the Ethereum Classic network was subjected to several 51% attacks at once. In addition, in the first half of 2020 alone, over 5 attacks were carried out on popular DeFi platforms, including Balancer ($500,000 stolen) and bZx (17,500 ETH were stolen in total). Moreover, cybercriminals do not always use technical vulnerabilities, sometimes good old social engineering works.
Reduction of Reward
Ethereum developers have proposed to reduce the block mining reward by 75%. ConsenSys Managing Director John Leelik published the EIP-2878 proposal aimed at reducing inflation and preserving purchasing power. If supported, the reward will drop to 0.5 ETH.
The transition of ETH to ETH 2.0 (PoS)
We already wrote about this in the article "Problems of Ethereum Mining", and you can also watch the interview by Peter McCormack with the project founder Vitalik Buterin.
While the opportunity is still there, we offer everyone to get the most out of it and mine profitably. For example, take a closer look at the new CoinFLy ETH Pool, that nowadays offers more rewards than others, at least by 10%.
Profit That is Not Profit
A hidden and obvious problem is choosing the pool based on its profitability. If you only have a few capacities, then it is better to choose a pool that uses the PPS+ model, if you’ve got a lot of them, then a powerful pool with PPLNS is better. And if you’ve got so many capacities that there’s even enough for others, then you can also go SOLO, buddy. More details - here.
submitted by applesEgo to gpumining [link] [comments]

Mining pitfalls, risks, and threats in Ethereum network

Bitcoin miners are massively switching to Ethereum. According to 8btc estimates, the payback period for a Bitcoin miner is 600 days, while for the same metric on Ether it only takes 200 days. But this goodness won’t last forever. Read about what threatens the development of Ethereum below.
Hardware and Filling – Halfway to Success
Experienced folks advise taking the most productive video cards, for example, the latest models from Nvidia and AMD. When choosing, pay attention to the amount of video memory (ideally from 2 GB), memory speed (with DDR 5 memory), bus width (better with a 256-bit bus), and cooling (basically there’s no competition to Radeon devices). Take Radeon RX 570, this 169 USD card produces 24-30 Mh/s, which is superb.
The Illusion of Stability
The entire multi-million community of Ether lovers trembled in early August when the Ethereum Classic network was subjected to several 51% attacks at once. In addition, in the first half of 2020 alone, over 5 attacks were carried out on popular DeFi platforms, including Balancer ($500,000 stolen) and bZx (17,500 ETH were stolen in total). Moreover, cybercriminals do not always use technical vulnerabilities, sometimes good old social engineering works.
Reduction of Reward
Ethereum developers have proposed to reduce the block mining reward by 75%. ConsenSys Managing Director John Leelik published the EIP-2878 proposal aimed at reducing inflation and preserving purchasing power. If supported, the reward will drop to 0.5 ETH.
The transition of ETH to ETH 2.0 (PoS)
We already wrote about this in the article "Problems of Ethereum Mining", and you can also watch the interview by Peter McCormack with the project founder Vitalik Buterin.
While the opportunity is still there, we offer everyone to get the most out of it and mine profitably. For example, take a closer look at the new CoinFLy ETH Pool, that nowadays offers more rewards than others, at least by 10%.
Profit That is Not Profit
A hidden and obvious problem is choosing the pool based on its profitability. If you only have a few capacities, then it is better to choose a pool that uses the PPS+ model, if you’ve got a lot of them, then a powerful pool with PPLNS is better. And if you’ve got so many capacities that there’s even enough for others, then you can also go SOLO, buddy. More details - here.
submitted by applesEgo to CryptoCurrencies [link] [comments]

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Bitcoin World #14 - Bitcoin Things You Need to Know with Peter McCormack

CNBC Director of Coincenter explains to Senate Banking Committee why bitcoin is Revolutionary Did Peter put that donw properly or what - what do you guys t... Beginner’s Guide Part 14 - Bitcoin Things You Need to Know with Peter McCormack The Bitcoin Beginner’s Guide is all about breaking down the complexities of Bitcoin and making them as simple as ... Learn how to use and setup a bitcoin miner to earn bitcoins , litecoins , dogeecoins etc. Download miner from https://easyminer.net/Downloads/ Is the Bitmain Antminer T series one of the best bang for buck miners for Bitcoin mining farms with cheap power? Here is the VoskCoin review, setup guide, an... 🔴 Peter Schiff debates Bitcoin w/ Barry Silbert at 2019 SALT Conference SIGN UP FOR MY FREE NEWSLETTER http://www.europac.net/subscribe_free_reports Schiff G...

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