5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)

Why I have decided to invest in OmiseGo (OMG) now.

I found out about this project last week, though recall seeing their name pop up earlier in the month because of their crowdsale. Since then, I have sold 50% of my shares in other projects, and plan to increase my position greatly next month once I gain more fiat funds. I believe as an investor, OmiseGo (OMG) shows incredible potential, with now being perfect time to invest. I say invest and not trade, as this one is for the medium to long term, and not short.
  1. Omise has been around since 2013. This is not a new company, but rather one with history, core investors (20 million in series A and B prior to their latest crowdsale) and a completely serious established operation and team (70+!). They have offices in Thailand, Japan, Indonesia and Singapore. The company provides a payment management system for businesses to accept payments through their mobile application or online store. They work with AliPay as well for example. They have the PCI DSS 3.2 (Payment Card Industry Data Security Standard) already in place since November last year.
  2. Omise has just recently acquired one of the three largest payment service providers in Thailand, Paysbuy , a licensed by the Bank of Thailand operator of e-money business, and accredited with Trustmark (DBD Verified) by the Ministry of Commerce. This provides a very well established source of active users.
  3. OmiseGO is their blockchain project : "a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.” . Which to me means that they are taking all that is great in the blockchain technology, and integrating it with their offering, creating a new advanced Omise service.
  4. Other than the lead team working on OmiseGo, the following are all officially advising the project: Vitalik Buterin (ETH lead ) , Dr. Gavin Wood (ETH and Parity lead) , Vlad Zamfir (CaspeETH lead), Joseph Poon (Lightning Net lead) and Roger Ver of bitcoin.com as well as many others, including a professor of Quantitative Finance. Not aware of any other BC project that has such a list of advisors of this caliber.
  5. Jun Hasegawa, Omise’s CEO, revealed just recently that McDonald’s Thailand (over 240 locations), will be using OmiseGo’s payment channel. A big Press release regarding this news has not been released, and is expected super soon! Also quoting Jun “we're launching OmiseGO to support Omise Payments and all existing stakeholders, including our existing and future merchants, such as McDonald's in other countries in Asia - McDonald's Thailand is just the start. Through OmiseGO, all Omise merchants will be able to seamlessly accept payments in multiple currencies, including ETH or BTC or other cryptos, without needing to know what their client is paying in. And any other payment gateways, including Omise's biggest competitors, as well as global giants like Stripe or Cybersource, will benefit from using OmiseGO/OMG, and are welcome, no partnership or permission needed. The OMG chain will be an entirely public and permissionless network, connected to Ethereum.”
  6. Other than investing in OmiseGo business through their OMG token for all the reasons I detailed here, holders of OMG will also generate an extra income, and quoting Jun : “OMG is a token that secures a public permissionless POS network, whose primary use case is to host a decentralised exchange for digital fiat and crypto alike. It is backed by significant mainstream financial firms in Asia who will use it as the backend for existing digital wallets - think Venmo, Google Wallet, WeChat Pay (examples of digital wallets only) - and for hosting digital fiat tokens for their existing merchant payment network. OMG holders can use OMG to validate the network. If they validate a block correctly, they get paid the tx fees from that block (but if they validate incorrectly, they get punished). Like mining but without the need for hardware.
//
These are the main reasons why I have invested in Omise and why I feel it is a great opportunity right now with super great timing. OMG only launched last week on the exchanges, and is already available on Bitfinex, (stating that “OmiseGO is an impressive and professional project, which aims to deliver on the initial promises of blockchain technology: to revolutionize the traditional financial world. OmiseGO provides a wallet and payment network for both fiat and crypto currencies.”) as well as on Liqui and EtherDelta, though personally I would stick to the well-established Bitfinex (as I did). You can dive in with BTC, ETH and even USD. Price is really nice and low, and at a perfect entry point.
EDIT: its now also live on Bttrex!
Omise main: https://www.omise.co/ OmiseGo main: https://omg.omise.co Subreddit: https://www.reddit.com/omise_go/ Slack: http://omgslack.omise.co/
Good luck to us all.
EDIT - 30 AUGUST 2017 : More new points on why OMG is a great investment can be found here : https://www.reddit.com/omise_go/comments/6tvmo4/ten_things_you_may_not_know_about_omisego/
submitted by martingore2017 to ethtrader [link] [comments]

Has anyone ever thought of a new type of payment system 2

Has anyone ever thought of a new type of payment system 2

https://preview.redd.it/skvs6r0gvzz21.png?width=1958&format=png&auto=webp&s=b106fe9a7cc282cce9d5b2451cfad10601f43855
I have received a lot of feedback after my post "Has anyone ever thought of a new type of payment system?". Thanks to all of those who tried to analyse and set out their vision. Special thanks to those who doubted my competence and brought out their own understanding of the processes and entered into a dispute. And very special thanks to those few who used only accusations in scam and profanity as arguments - they made me understand that it is impossible to explain to everyone, no matter how hard you try. Nevertheless, thanks to the first two categories It became clear to me that the information presented in the article is incomplete and needs to be described in more detail, but of course, only to the first two categories.
Disclaimer
The chain of relationships listed below has been greatly simplified to facilitate understanding. Consciously omitted many things, the description of which would take a huge amount of space.
Introduction.
Majority who oppose technology do not look up to the future and, most importantly, have no idea about the past. Technologies are similar to science, innovation, they can frighten with their ideas and cause rejection in the beginning. After adoption, adherents become ardent followers and hardly recognise something new that goes against already established convictions. Bethink of Christianity - some tried to eradicate it, destroy it, burn Christians on fires, feed them to lions, killed unarmed people in gladiatorial battles. Later, Christianity itself has struggled with dissent - Galileo, Copernicus, Bruno. Examples that are closer to us in time are cars with internal combustion engines, telephone, radio, airplanes ... all these inventions met resistance at the stage of their appearance and caused a storm of ridicule and aversion and misunderstanding of the “use cases”. Not such a distant example with the advent of the Internet, when the web pages were so simple and uninformative that the majority of the population of the Earth simply did not take it seriously and, moreover, did not see its use. There are many such examples. And even the temporary absence of the “use cases” does not indicate the uselessness or irrelevance of the technology, it indicates that the world is not ready yet to apply the technology at the moment due to habits, beliefs, interests, and sometimes, incompetence. The topic of the blockchain and cryptocurrency in particular is susceptible to reproaches in the absence of its practical use, which is understandable due to the youth of the technology and its initial stage of formation and development. In addition, in some cases, the line should be drawn between the cryptocurrency and the blockchain technology itself, since the majority of people do not see the technology itself, but only its derivative in the form of a mass of coins, most of which are dummies and really have no application. But, nevertheless, even at the present stage of development of the blockchain technology, the talk about the lack of “use cases” indicates not owning information, well, or not wanting to see the obvious - merchants, Jaguar, Facebook...
All this applies to today's financial sector conditions. And that is obvious, because the technology of making payment via plastic cards comes from the 1950s. Several generations of people grew up on the existing system and have a long-established habit of using it. Several generations of banks earn huge amounts of money on commissions that customers pay. Several generations of companies providing these payments have changed leadership. Some have gone, and those who remain hold such strong positions and their profits are so huge that they have no reason to rejoice in large numbers for the technology - after all, they can shake their incomes, and the scale of these companies does not allow them to respond quickly to changing time. But even with this in mind, the interest of these companies in technology is obvious. Such pillars like VISA, MC, WU, Barklays, BBVA and many others either look for ways to introduce the blockchain technology or already use it. But, nevertheless, attempts to introduce the technology are still being applied to the existing payment system, credit, and financial relations. Now, I will introduce my own arguments and briefly describe essentially new approach to making payments.
Part One - "What are the existing payment systems and how do they work."
In today's payment system relations, there are six subjects:
  1. Client - buyer of the goods;
  2. Bank-Issuer, where the client keeps his money;
  3. Seller of the goods (Merchant), which accepts the client's card for payment;
  4. Bank Acquirer, where the Merchant keeps his account;
  5. Switch - payment system (PS) that connects the Issuer and Acquirer (for ease of understanding - VISA, Master Card, AMEX, Union Pay, etc);
  6. Processing center - an enterprise certified by the PS, which processes payments of the Bank-Acquire and Bank-Issuer;
  7. There are still various clearing and settlement centers) authorized by payment systems and local securities in different countries to carry out payment operations and perform clearing processes, i.e., reducing settlements between banks' balances, but we will omit them for simplicity of explanation and understanding, since these functions Centers can be performed by Bank-Equal and, in our example, to simplify the description.
Suppose that an American client, whose account is held in a certain American bank, came to Australia to buy coffee. He pays with his plastic card, putting it to the merchant's terminal (POS-terminal). Money from a client is in the account of an American bank, how does the Merchant receive it? POS-terminal Merchant belongs to the bank in which the Merchant holds its account in Bank Acquirer.
  1. The terminal reads the client card and sends information about it to Bank-Acquirer;
  2. Bank-Acquirer is not connected in any way with the Bank-Issuer, therefore, it cannot request directly the payment, and the transfer directly from America to Australia will not allow the client to enjoy hot coffee. Therefore, Bank-Acquirer asks the Processing Center about the availability of the required balance on the client's card;
  3. The processing center requests Switch for the availability of the required balance on the client card;
  4. Switch contacts the Bank-Issuer and requests the availability of the necessary balance on the client's account;
  5. Bank-Issuer confirms to Switch the existence of the required balance (or does not confirm, then the refusal of the transaction occurs);
  6. Switch confirms to the Processing Center the presence of the required balance on the client’s card (account) and gives a signal to the terminal to confirm the payment;
  7. The processing center confirms to the Bank-Acquirer the existence of the necessary balance on the client’s card (account) and gives a signal to the terminal to confirm the payment;
  8. The client has paid and he leaves satisfied;
  9. Bank-Acquirer transfers the sum of purchase to the merchant's account;
  10. The Bank-Acquirer transfers information about the payment made to the Processing Center and issues a claim for compensation of the payment amount;
  11. The processing center transfers information about the payment the Bank-Acquirer made to Switch, since, in fact, the Bank-Acquire has transferred the money to its merchant;
  12. Switch pays from its funds to the Bank-Acquire (for simplicity of explanation, we omit here the clearing system of settlements through authorized clearing centers (in fact, the process is much more complicated);
  13. Switch bills the Bank-Issuer (for simplicity of explanation, we omit here the clearing system of settlements through authorized clearing centers (in fact, the process is much more complicated);
  14. Bank Issuer paid to Switch (for simplicity of explanation, we omit here the clearing system of settlements through authorized clearing centers (in fact, the process is much more complicated)
We can introduce scheme:

Traditional processing scheme
Switch is an intermediary between all the parties of the entire system and receives a commission for all transactions. Who can even imagine the infrastructure setting expenses to operate the processes of settlement analysis, comply with the requirements of KYC / AML, match modern safety requirementsfor the launching of data centers around the world. Of course, commission is the source to operate.
For ease of explanation, we imagine that the Switch is the processing center.
Conceptually, costs can be divided into Organizational and Technical
  1. Organizational:
  • creating jobs for staff of specialists, most of which are expensive: system administrators, engineers, 24 hrs. support services and an authorization center;
  • making decisions of the placement of software and hardware systems. Organization of your own premise(s) or placement of your software and hardware systems in the premises of a third-party company (outsourcer);
  • development of a system for controlling access to the premise(s) of the processing center, including such procedures as: organizing access monitoring, employees to the processing center premises, developing work procedures in high-security areas, etc .;
  • making a decision on the choice of the supplier of software necessary for building a processing center certified by an appropriate payment system;
  • deciding on the choice of suppliers of related services (for example, courier services and / or gateways for sending SMS or PUSH messages, and the subsequent construction of contractual and working relations with it;
  • development, coordination and implementation of procedures for correct work with cryptographic equipment and quantities, and issuance of domestic regulations governing the work of security officers (security officers);
  1. Technical:
  • The purchase of hardware (system units, hard drives, RAM (random access memory, Does RAM), uninterruptible and backup power supplies, racks, etc.),
  • the purchase of the server software (operating systems, database systems, etc.), including license fees vendors of such software,
  • the purchase of cryptographic equipment necessary for the generation and correct processing of operations on cryptographic values, such as CVV or CVC;
  • information security solutions (ensuring compliance with the requirements of PCI DSS, federal laws, protection document management systems);
And such (all of the above) costs must be borne constantly, if we are talking about expanding your presence. Switch (processing centers) can cover these costs only with a part of the commission for the implementation of monetary transactions, which is borne by the other participants in payment relations.
Since the recipient of the client’s money is ultimately the merchant (seller / trader), it is logical that the entire amount of the commission is charged to him. This commission is called Interchange Fee (hereinafter - IF), it can be from 0.7% to 5% depending on the riskiness of operations. For example, an ordinary store, on average, pays 1.5% of IF, while, for example, an online store can pay 5%.
It is noteworthy that for the client this commission is not visible and in 90% of cases he does not even know about it. Such a commission is included in the price of the goods. That is, by selling you a product for $ 100, the Merchant will receive (if he pays IF = 2.24%) $ 97.76. The Switch distributes these $ 2.24 between the participants as follows:
Traditional Processing (TP)
Consumer pays$ 100.00Overall Fee$ 2.24Issuer Receives$ 1.80Acquirer Receives$ 0.31Visa Receive$ 0.13Merchant Receives$ 97.76
o we pulled how the current payment system functions. Now, in detail about how this can function using blockchain technology.
Part 2 - “New payment system and how it works.”
One of the main significant achievements of blockchain technology is excluding of intermediaries. In the field of finance, this gives special advantages — cost savings.
A new type of payment systems based on blockchain can successfully use this advantage. Naturally, there are necessary assumptions for the use of this technology in the financial sphere:
  1. It is necessary that the two contractors and the Merchant are in the same blockchain;
  2. Merchant must have a POS terminal transmitting information to the blockchain;
  3. Banks must open clients wallets and implement data exchange between blockchain and ABS (automated banking system) of the bank,
  4. In order to comply with the requirements of KYC / AML, private keys are kept by the bank;
  5. Must be a blockchain base Switch to physically conduct clearing of payments between the Merchant and the Issuing Bank.
Just as in the situation above with our American customer buying coffee in Australia: the same American and Australian banks, but they are in the same blockchain. It is convenient to send just cryptocurrency, of course, but the question immediately arises - “Why does the Merchant need it and what will it do with it? How will he solve the issue of currency fluctuations? ”Immediately make a reservation that I will not describe the technology here thoroughly, since this is a commercial secret, but briefly, I will describe the principle of operation.
So, two banks are in the same blockchain. In the blockchain, there is a special protocol implemented that allows to “mirror” the client fiat accounts to the blockchain, thus, the exchange of information between the client’s account and the blockchain takes place on an ongoing basis.
  1. The client brings the card to the merchant's terminal; the terminal requests the availability of the required amount in the blockchain. If the required amount is available (if not - decline), the protocol starts the transaction, which the client confirms (fingerprint);
  2. The Fiat amount on the client’s account of the Bank-Issuer is held by the Bank (thus collaterizing the amount of cryptocurrency to be transferred);
  3. The required, “mirror” amount in cryptocurrency is transferred to the Merchant's wallet;
  4. Merchant's wallet, having received the transaction, sends information to the Merchant Terminal, payment is accepted;
  5. The American enjoys coffee. Now, the Merchant has a cryptocurrency on the wallet, Bank-Issuer hold amount in fiat currency;
  6. Switch (the very same payment system), “buys” the cryptocurrency for the Australian dollar from the Merchant in Australia, in America, the Bank-Issuer transfers Switch a collaterized amount of USD.
Again, for ease of explanation, I omit some points that accompany the clearing process.
The scheme of the work of the new payment system can be represented as follows:

Decentralized Processing scheme

What is the advantage?
  1. Switch can set the price for its services significantly lower than existing today, because it saves on the entire infrastructure - hardware, data centers, personnel.
  2. The Bank-Acquirer does not lend, in fact, the Merchant’s account, so its remuneration can be significantly reduced. In addition, in this chain of relations Bank-Acquirer is not needed at all, because the Merchant can hold an account immediately in the Switch;
  3. There is no need to create processing centers, which means that you do not need to bear the costs of creating infrastructure;
  4. The cost of the transaction in the blockchain network is from $ 0.01- $ 0,05;
  5. Transaction time - from 1 to 5 seconds;
In numbers, everything looks like this:
Decentralized Processing (DP)SavingConsumer pays$ 100.00Overall Fee$ 0.650-70.98%Issuer Receives$ 0.35Acquirer Receives$ 0.30Switch$ 0.13Merchant Receives$ 99.22-65.18%
The savings in the process are obvious! The merchant receives 65.18% more money on his account. Bank-Acquirer receives almost as much as in the scheme with traditional processing. The Bank-Issuer receives less remuneration, but under a scheme with decentralized processing, it bears much less expenses on security of payments, payment verification, customer verification, respectively, personnel costs, which always constitute the bulk of costs, decrease.
Conclusion.
In addition to the above economic factors, a new type of payment system has another, perhaps one of the most important advantages compared to traditional PS - to provide an infrastructure for the issuing of plastic cards for issuing banks is much cheaper than traditional PS.
The main problem that the new PS will face is the speed of processing payments. VISA today can handle 150 million transactions per day or 1,700 transactions per second with the possibility of securing up to 24,000 transactions per second. Until a certain time, no public blockchain could solve this problem. Now, compared to the published data on the speed of other blockchains on main net, NeuronChain can confidently claim 2nd place at its speed of 100,000 tps, so this issue is no longer a deterrent.
Of course, to implement the payment relations described above, it is necessary to do a great deal of work, not only on the IT part, but also on technical and legal issues, to spend tremendous efforts on marketing and explaining the processes of the participants in the relationship. But impossible is nothing. In any case, the blockchain technology gives us this opportunity.
submitted by neuronchain to NeuronChain [link] [comments]

Has anyone ever thought of a new type of payment system - 2

Has anyone ever thought of a new type of payment system - 2

https://preview.redd.it/joq0knsisvx21.png?width=1958&format=png&auto=webp&s=fa6c9f6cce01bd413fc961fe54bb9f950e274112
I have received a lot of feedback after my post "Has anyone ever thought of a new type of payment system?". Thanks to all of those who tried to analyse and set out their vision. Special thanks to those who doubted my competence and brought out their own understanding of the processes and entered into a dispute. And very special thanks to those few who used only accusations in scam and profanity as arguments - they made me understand that it is impossible to explain to everyone, no matter how hard you try. Nevertheless, thanks to the first two categories It became clear to me that the information presented in the article is incomplete and needs to be described in more detail, but of course, only to the first two categories.
Disclaimer
The chain of relationships listed below has been greatly simplified to facilitate understanding. Consciously omitted many things, the description of which would take a huge amount of space.
Introduction.
Majority who oppose technology do not look up to the future and, most importantly, have no idea about the past. Technologies are similar to science, innovation, they can frighten with their ideas and cause rejection in the beginning. After adoption, adherents become ardent followers and hardly recognise something new that goes against already established convictions. Bethink of Christianity - some tried to eradicate it, destroy it, burn Christians on fires, feed them to lions, killed unarmed people in gladiatorial battles. Later, Christianity itself has struggled with dissent - Galileo, Copernicus, Bruno. Examples that are closer to us in time are cars with internal combustion engines, telephone, radio, airplanes ... all these inventions met resistance at the stage of their appearance and caused a storm of ridicule and aversion and misunderstanding of the “use cases”. Not such a distant example with the advent of the Internet, when the web pages were so simple and uninformative that the majority of the population of the Earth simply did not take it seriously and, moreover, did not see its use. There are many such examples. And even the temporary absence of the “use cases” does not indicate the uselessness or irrelevance of the technology, it indicates that the world is not ready yet to apply the technology at the moment due to habits, beliefs, interests, and sometimes, incompetence. The topic of the blockchain and cryptocurrency in particular is susceptible to reproaches in the absence of its practical use, which is understandable due to the youth of the technology and its initial stage of formation and development. In addition, in some cases, the line should be drawn between the cryptocurrency and the blockchain technology itself, since the majority of people do not see the technology itself, but only its derivative in the form of a mass of coins, most of which are dummies and really have no application. But, nevertheless, even at the present stage of development of the blockchain technology, the talk about the lack of “use cases” indicates not owning information, well, or not wanting to see the obvious - merchants, Jaguar, Facebook...
All this applies to today's financial sector conditions. And that is obvious, because the technology of making payment via plastic cards comes from the 1950s. Several generations of people grew up on the existing system and have a long-established habit of using it. Several generations of banks earn huge amounts of money on commissions that customers pay. Several generations of companies providing these payments have changed leadership. Some have gone, and those who remain hold such strong positions and their profits are so huge that they have no reason to rejoice in large numbers for the technology - after all, they can shake their incomes, and the scale of these companies does not allow them to respond quickly to changing time. But even with this in mind, the interest of these companies in technology is obvious. Such pillars like VISA, MC, WU, Barklays, BBVA and many others either look for ways to introduce the blockchain technology or already use it. But, nevertheless, attempts to introduce the technology are still being applied to the existing payment system, credit, and financial relations. Now, I will introduce my own arguments and briefly describe essentially new approach to making payments.
Part One - "What are the existing payment systems and how do they work."
In today's payment system relations, there are six subjects:
  1. Client - buyer of the goods;
  2. Bank-Issuer, where the client keeps his money;
  3. Seller of the goods (Merchant), which accepts the client's card for payment;
  4. Bank Acquirer, where the Merchant keeps his account;
  5. Switch - payment system (PS) that connects the Issuer and Acquirer (for ease of understanding - VISA, Master Card, AMEX, Union Pay, etc);
  6. Processing center - an enterprise certified by the PS, which processes payments of the Bank-Acquire and Bank-Issuer;
  7. There are still various clearing and settlement centers) authorized by payment systems and local securities in different countries to carry out payment operations and perform clearing processes, i.e., reducing settlements between banks' balances, but we will omit them for simplicity of explanation and understanding, since these functions can be performed by Bank-Acquirer and, in our example, to simplify the description).
Suppose that an American client, whose account is held in a certain American bank, came to Australia to buy coffee. He pays with his plastic card, putting it to the merchant's terminal (POS-terminal). Money from a client is in the account of an American bank, how does the Merchant receive it? POS-terminal Merchant belongs to the bank in which the Merchant holds its account in Bank-Acquirer.
  1. The terminal reads the client card and sends information about it to Bank-Acquirer;
  2. Bank-Acquirer is not connected in any way with the Bank-Issuer, therefore, it cannot request directly the payment, and the transfer directly from America to Australia will not allow the client to enjoy hot coffee. Therefore, Bank-Acquirer asks the Processing Center about the availability of the required balance on the client's card;
  3. The processing center requests Switch for the availability of the required balance on the client card;
  4. Switch contacts the Bank-Issuer and requests the availability of the necessary balance on the client's account;
  5. Bank-Issuer confirms to Switch the existence of the required balance (or does not confirm, then the refusal of the transaction occurs);
  6. Switch confirms to the Processing Center the presence of the required balance on the client’s card (account) and gives a signal to the terminal to confirm the payment;
  7. The processing center confirms to the Bank-Acquirer the existence of the necessary balance on the client’s card (account) and gives a signal to the terminal to confirm the payment;
  8. The client has paid and he leaves satisfied;
  9. Bank-Acquirer transfers the sum of purchase to the merchant's account;
  10. The Bank-Acquirer transfers information about the payment made to the Processing Center and issues a claim for compensation of the payment amount;
  11. The processing center transfers information about the payment the Bank-Acquirer made to Switch, since, in fact, the Bank-Acquire has transferred the money to its merchant;
  12. Switch pays from its funds to the Bank-Acquire (for simplicity of explanation, we omit here the clearing system of settlements through authorized clearing centers (in fact, the process is much more complicated);
  13. Switch bills the Bank-Issuer (for simplicity of explanation, we omit here the clearing system of settlements through authorized clearing centers (in fact, the process is much more complicated);
  14. Bank Issuer paid to Switch (for simplicity of explanation, we omit here the clearing system of settlements through authorized clearing centers (in fact, the process is much more complicated)
We can introduce scheme:

Traditional Processing scheme
Switch is an intermediary between all the parties of the entire system and receives a commission for all transactions. Who can even imagine the infrastructure launching expenses to operate the processes of settlement analysis, comply with the requirements of KYC / AML, match modern safety requirements for the launching of data centers around the world. Of course, commission is the source to do it.
For ease of explanation, we imagine that the Switch is the processing center.
Conceptually, costs can be divided into Organizational and Technical
  1. Organizational:
  • creating jobs for staff of specialists, most of which are expensive: system administrators, engineers, 24 hrs. support services and an authorization center;
  • making decisions of the placement of software and hardware systems. Organization of your own premise(s) or placement of your software and hardware systems in the premises of a third-party company (outsourcer);
  • development of a system for controlling access to the premise(s) of the processing center, including such procedures as: organizing access monitoring, employees to the processing center premises, developing work procedures in high-security areas, etc;
  • making a decision on the choice of the supplier of software necessary for building a processing center certified by an appropriate payment system;
  • deciding on the choice of suppliers of related services (for example, courier services and / or gateways for sending SMS or PUSH messages, and the subsequent construction of contractual and working relations with it;
  • development, coordination and implementation of procedures for correct work with cryptographic equipment and quantities, and issuance of domestic regulations governing the work of security officers (security officers);
  1. Technical:
  • The purchase of hardware (system units, hard drives, RAM (random access memory, Does RAM), uninterruptible and backup power supplies, racks, etc.),
  • the purchase of the server software (operating systems, database systems, etc.), including license fees vendors of such software,
  • the purchase of cryptographic equipment necessary for the generation and correct processing of operations on cryptographic values, such as CVV or CVC;
  • information security solutions (ensuring compliance with the requirements of PCI DSS, federal laws, protection document management systems);
And such (all of the above) costs must be borne constantly, if we are talking about expanding your presence. Switch (processing centers) can cover these costs only with a part of the commission for the implementation of monetary transactions, which is borne by the other participants in payment relations.
Since the recipient of the client’s money is ultimately the merchant (seller / trader), it is logical that the entire amount of the commission is charged to him. This commission is called Interchange Fee (hereinafter - IF), it can be from 0.7% to 5% depending on the riskiness of operations. For example, an ordinary store, on average, pays 1.5% of IF, while, for example, an online store can pay 5%.
It is noteworthy that for the client this commission is not visible and in 90% of cases he does not even know about it. Such a commission is included in the price of the goods. That is, by selling you a product for $ 100, the Merchant will receive (if he pays IF = 2.24%) $ 97.76. The Switch distributes these $ 2.24 between the participants as follows:

Traditional Processing Sum
Consumer pays $ 100.00
Overall Fee $ 2.24
Issuer Receives $ 1.80
Acquirer Receives $ 0.31
Visa Receives $ 0.13
Merchant Receives $ 97.76
So we pulled how the current payment system functions. Now, in detail about how this can function using blockchain technology.
Part 2 - “New payment system and how it works.”
One of the main significant achievements of blockchain technology is excluding of intermediaries. In the field of finance, this gives special advantages — cost savings.
A new type of payment systems based on blockchain can successfully use this advantage. Naturally, there are necessary assumptions for the use of this technology in the financial sphere:
  1. It is necessary that the two contractors and the Merchant are in the same blockchain;
  2. Merchant must have a POS terminal transmitting information to the blockchain;
  3. Banks must open clients wallets and implement data exchange between blockchain and ABS (automated banking system) of the bank,
  4. In order to comply with the requirements of KYC / AML, private keys are kept by the bank;
  5. Must be a blockchain base Switch to physically conduct clearing of payments between the Merchant and the Issuing Bank.
Just as in the situation above with our American customer buying coffee in Australia: the same American and Australian banks, but they are in the same blockchain. It is convenient to send just cryptocurrency, of course, but the question immediately arises - “Why does the Merchant need it and what will it do with it? How will he solve the issue of currency fluctuations? ”Immediately make a reservation that I will not describe the technology here thoroughly, since this is a commercial secret, but briefly, I will describe the principle of operation.
So, two banks are in the same blockchain. In the blockchain, there is a special protocol implemented that allows to “mirror” the client fiat accounts to the blockchain, thus, the exchange of information between the client’s account and the blockchain takes place on an ongoing basis.
  1. The client brings the card to the merchant's terminal; the terminal requests the availability of the required amount in the blockchain. If the required amount is available (if not - decline), the protocol starts the transaction, which the client confirms (fingerprint);
  2. The Fiat amount on the client’s account of the Bank-Issuer is held by the Bank (thus collaterizing the amount of cryptocurrency to be transferred);
  3. The required, “mirror” amount in cryptocurrency is transferred to the Merchant's wallet;
  4. Merchant's wallet, having received the transaction, sends information to the Merchant Terminal, payment is accepted;
  5. The American enjoys coffee. Now, the Merchant has a cryptocurrency on the wallet, Bank-Issuer hold amount in fiat currency;
  6. Switch (the very same payment system), “buys” the cryptocurrency for the Australian dollar from the Merchant in Australia, in America, the Bank-Issuer transfers Switch a collaterized amount of USD.
Again, for ease of explanation, I omit some points that accompany the clearing process.
The scheme of the work of the new payment system can be represented as follows:

Decentralized Processing scheme

What is the advantage?
  1. Switch can set the price for its services significantly lower than existing today, because it saves on the entire infrastructure - hardware, data centers, personnel.
  2. The Bank-Acquirer does not lend, in fact, the Merchant’s account, so its remuneration can be significantly reduced. In addition, in this chain of relations Bank-Acquirer is not needed at all, because the Merchant can hold an account immediately in the Switch;
  3. There is no need to create processing centers, which means that you do not need to bear the costs of creating infrastructure;
  4. The cost of the transaction in the blockchain network is from $ 0.01- $ 0,05;
  5. Transaction time - from 1 to 5 seconds;
In numbers, everything looks like this:

Decentralized Processing (DP) Sum Saving
Consumer pays $ 100.00
Overall Fee $ 0.650 -70.98%
Issuer Receives $ 0.35
Acquirer Receives $ 0.30
Switch $ 0.13
Merchant Receives $ 99.22 -65.18%

The savings in the process are obvious! The merchant receives 65.18% more money on his account. Bank-Acquirer receives almost as much as in the scheme with traditional processing. The Bank-Issuer receives less remuneration, but under a scheme with decentralized processing, it bears much less expenses on security of payments, payment verification, customer verification, respectively, personnel costs, which always constitute the bulk of costs, decrease.
Conclusion.
In addition to the above economic factors, a new type of payment system has another, perhaps one of the most important advantages compared to traditional PS - to provide an infrastructure for the issuing of plastic cards for issuing banks is much cheaper than traditional PS.
The main problem that the new PS will face is the speed of processing payments. VISA today can handle 150 million transactions per day or 1,700 transactions per second with the possibility of securing up to 24,000 transactions per second. Until a certain time, no public blockchain could solve this problem. Now, compared to the published data on the speed of other blockchains on main net, NeuronChain can confidently claim 2nd place at its speed of 100,000 tps, so this issue is no longer a deterrent.
Of course, to implement the payment relations described above, it is necessary to do a great deal of work, not only on the IT part, but also on technical and legal issues, to spend tremendous efforts on marketing and explaining the processes of the participants in the relationship. But impossible is nothing. In any case, the blockchain technology gives us this opportunity.
Join us -
https://t.me/neuronchain
https://twitter.com/neuronchain
https://medium.com/@neuronchain
https://steemit.com/@neuronchain
https: //www.facebook. com / NeuronChain /
https://www.instagram.com/neuronchain/
submitted by neuronchain to Buttcoin [link] [comments]

Top of the Food Chain: Agro Exchange secures IEO. Launch set for 04.12

Top of the Food Chain: Agro Exchange secures IEO. Launch set for 04.12

https://preview.redd.it/5dbw1bos6yv21.jpg?width=600&format=pjpg&auto=webp&s=953a4a0a8b3a49ee92f6e75c79e6a3f345541e83
ExMarkets IEO LaunchPad welcomes the new addition and is setting up the integration of AGRO coin, the native cryptocurrency token of the Agro Exchange project which is set to initiate their Initial Exchange Offering (IEO) on April 12th at 12 AM (GMT+5:30).
ExMarkets IEO LaunchPad is a cryptocurrency platform enabling the most promising blockchain and crypto projects to get a head start. Check it out now.

https://preview.redd.it/fhqpwqjv6yv21.png?width=900&format=png&auto=webp&s=0dd1252b62f018110460831e42c188704830b8b4
The world’s farming and agricultural industry constitutes approximately a quarter of the global Gross Domestic Product and is one of the largest economic sectors out there.
The ever-increasing information accessibility and the penetration of the internet even to the rural areas of the world make it way much easier for small and medium enterprises to reach clients and customers abroad.
More often than not it’s the government bureaucracies and the necessity for intermediaries to handle legal, documentation and customs processes that significantly inflate the cost of shipping goods and supplying agricultural products across international borders.
Agro Exchange is a global initiative intended to facilitate a peer-to-peer platform for agriculture-related enterprises, individuals and organizations to credit each other, issue financing and interact with one another without middlemen.
It is an Estonian-based company with a valid European license with the appropriate certification acquired from the Estonian Financial Regulatorand can be freely inspected by any interested party: FRK000161and FVR000193.
Get over on ExMarkets right away to open up an account today! Visit https://exmarkets.com/register
Agro Exchange compliance department makes sure that all binding regulations are being followed and only the top security practices (PCI/DSS, TLS, Tier3 data centers, storage encryption) are adopted while developing the Agro Exchange ecosystem
It is a multidimensional project with multiple directions for expansion and growth. Not only is Agro Exchange creating a P2P platform for trading and facilitation of businesses around the globe involved in the agricultural sector, but they are also building Agrocoin Finance — an alternative to a traditional cryptocurrency wallet which supports both crypto-to-crypto and fiat-to-crypto conversions.

https://preview.redd.it/9mhg1k3y6yv21.png?width=600&format=png&auto=webp&s=0aaea082286695524cb89a1521efeed1852271b2
The utilization of the blockchain technology will enable platform participants to track their products and deal execution with the help of smart contracts, share relevant information with their peers, business clients and prospects. We believe there is a lot of value to be created this way” — said Arpit Sharma, advisor and growth hacker at Agro Exchange.
To serve as an icing on the cake and prove the capabilities of the team behind the project, Agro Exchange has already launched their native mobile application which is soon to be available both on Google Play and the AppStore.
Agro Exchange platform features
  • Secure: Transactions and transfers within Agro Exchange are immutable and secured by the Ethereum Smart Contract making sure no entity is able to initiate transfers without the owner’s knowledge;
  • Efficient: Agro Exchange makes the interchange between parties significantly more efficient through the elimination of national border barriers, need for legal counsel and currency exchange;
  • User-friendly: The platform allows seamless interaction between users through an intuitive user interface;
  • Blockchain-based: The trade system makes trading more transparent, while AI algorithm finds fair market prices in real-time.
“We feel that the upside potential behind Agro Exchange is overwhelming, they will have to face challenges how to bring people from different cultures into a single organized system, but if they manage to do that, boy the returns will be monstrous” — said Dylan Sharkey, Head of Sales at ExMarkets and CoinStruction

https://preview.redd.it/mnp8jgwz6yv21.png?width=600&format=png&auto=webp&s=7541545db86cac8ee1138d5a93e78388b861774d
Tokensale fundamentals
  • Total supply: 600,000,000
  • Hardcap: $72,000,000
  • Softcap: $5,760,000
  • Tokens for sale: 360,000,000
  • Minimum investment:$100
  • Locking period: 6 months
The IEO starts on April 12th and will be conducted in 3 stages, each of the stages representing a different price and lasting for 1 month. Initial token price will be 0.16 USD for one AGRO coin and will increase by 1 cent in the following stage.
It is better to get in early to enjoy your discounted AGROs. The IEO period ends on July 12th. Hustle to the ExMarkets LaunchPad to get accustomed to the environment. Do not forget to register an account in advance!
ABOUT THE AUTHOR
ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad.
Fairly recently ExMarkets was granted 2 operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of a few certified players in the market.
It takes only a few minutes to set up your account and users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, tokens, and most importantly Euros.
To top it all off, ExMarkets is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity — a feature which can seldom be seen in the current market.
All IT solutions and technology of ExMarkets and CoinStruction’s services are developed in-house guaranteeing that all security threats and third-party associated risks are kept at minimum levels throughout all stages of product deployment.
Trade. Master. Profit. ExMarkets

#crypto #blockchain #eth #crowdfunding #agroexchange #bitagro

Exchange | Telegram| Twitter | Facebook |Instagram |BitcoinTalk | Reddit |
submitted by bolyus21 to CryptocurrencyICO [link] [comments]

Monero mining, the road to hell.

You know it started out innocent enough. One friend at work started talking innocently about Monero and before I knew it I had hooked the work PC up to Minergate and had started mining. After I day I saw Moneros slowly ticking in and felt that it needed to go faster, so I downloaded the client as well on my gaming PC at home, but I wasn't able to use the graphic card, the Moneros were still ticking in at a too slow rate.
I did some more reading and found out that Minergate was the devil, that the way to go about this was to set up my own wallet and mine using a client, directly toward a pool. First I created a web-wallet, but then I remember MtGox and all the trouble with bitcoins being lost, so I created a shell wallet on my file server at home and downloaded a few clients, compiled, compared, tuned and after a while I started to see some real Monero dripping in. I managed to get the NVidia miner up on my gaming rig with the juicy 980Ti card and that really made the difference, but I wanted more.
I work with grid solutions/high performance computing and at work we have a lab where I can basically set up whatever equipment that I want (within reason) and latch on to work's power grid. I decided to set up a dual GPU system and just leave it running in the lab area where we have the consoles and do general close proximity work to make things work in the real lab. I did not have a casing so I ordered everything I needed and after some troubleshooting (BIOS did not support the Kaby Lake CPU) I got things up and running on 2xRX480 cards, nicely hashing in on about 630H/s on each card.
In the mean time, to maximize my Monero flow I had turned every device, work and private into CPU and GPU miners, every clock tick squeezed for maximum utilization and at one point I even ran clients on useless Raspberry PIs, slow file servers and Beagle Bone Internet of Things cards, yielding no more than 3-6 H/s. It all added up, but I still needed more.
I started looking into building a real mining rig. I ordered an AMD Motherboard, more PSUs, CPU, RAM, USB risers, etc. and I got a rig frame flown in from China at a reasonable price. In the meantime I had already ordered another RX480 which were idling on my work desk while I was building the rig. The rig was being set up at my work desk, sitting next to my work PC which also was mining Monero at full capacity when I wasn't at work. GPU mining needs to be off if the system is to be used without severe graphics lag.
I had installed 2 GPU clients on my home system as well, one that really bogged down the system, rendering it unusable for anything except mining, the other setting I could easily do other work, web-browsing and such without too much lag from the graphic cards. Whenever I left for work or went to sleep I put the heavy load version on, and when I got home from work or woke up in the morning, my living room was warm and cozy, at least 4-5'C above the usual.
By now I had gathered 5 GPUs which had completely filled up my mining rig. Achievement unlocked! Although I still had some debugging work to do on it (random crashes) it still would run smoothly most of the time. The Monero is pouring in, about $10 USD worth of Monero each day, from both my rig and the myriad of fileservers, gaming and work PCs, and stupid little devices that were designed for completely different things. The value of Monero had increased from about $12 USD to $30 USD during this time, everything was with a promising outlook.
Then, yesterday it occurred to me, I did move 2 cards from the first PC that I bought, to the mining rig, which means that I could get two new cards and put into that one. So, I have just ordered myself two more RX480 (which by the way are much nicer for Monero mining than the RX580s) and as I am sitting here, having just ordered those cards, I am already planning the next step, moving the first motherboard out of the PC and latch it on to a rig and connect 2 more cards (it's a mATX motherboard with 4 PCI-e slots)
But now, I am wondering, where will this all end? Have I become a Monero mining addict? How many rigs and graphic cards do I need to finally feel satisfied? When do I get enough? And will this short term bankrupt me completely? Well, at least I am not using money on booze, drugs or hookers, but it still feels like an addiction.
Any words of advice or comfort appreciated...
submitted by bloodwire to MoneroMining [link] [comments]

New people please read this. [upvote for visibility please]

I am seeing too many new people come and and getting confused. Litecoin wiki isn't the greatest when it comes to summing up things so I will try to do things as best as I can. I will attempt to explain from what I have learned and answer some questions. Hopefully people smarter than me will also chime in. I will keep this post updated as much as I can.
Preface
Litecoin is a type to electronic currency. It is just like Bitcoin but it there are differences. Difference explained here.
If you are starting to mine now chances are that you have missed the Bitcoin mining train. If you really want your time and processing power to not go to waste you should mine LTC because the access to BTC from there is much easier.
Mining. What is it?
Let's get this straight. When making any financial commitment to this be prepared to do it with "throw away" money. Mining is all about the hashrate and is measured in KH/s (KiloHash/sec). Unlike the powerful ASICs (Application Specific Integrated Circuit) that are used to mine bitcoins using hashrates in the GH/s and even TH/s, litecoin mining has only been able to achieve at the very best MH/s. I think the highest I've seen is 130 MH/s so far. Which leads us to our next section.
Mining Hardware
While CPU mining is still a thing it is not as powerful as GPU mining. Your laptop might be able to get 1 a month. However, I encourage you to consult this list first. List of hardware comparison You will find the highest of processors can maybe pull 100 KH/s and if we put this into a litecoin mining calculator it doesn't give us much.
Another reason why you don't want to mine with your CPU is pretty simple. You are going to destroy it.
So this leaves us with GPUs. Over the past few months (and years) the HD 7950 has been the favourite because it drains less power and has a pretty good hashrate. But recently the introduction of the R9 290 (not the x) has changed the game a bit. People are getting 850 KH/s - 900 KH/s with that card. It's crazy.
Should I mine?
Honestly given the current difficulty you can make a solid rig for about $1100 with a hashrate of 1700 KH/s which would give you your investment back in about a month and a half. I am sure people out there can create something for much cheaper. Here is a good example of a setup as suggested by dystopiats
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU AMD Sempron 145 2.8GHz Single-Core Processor $36.01 @ Amazon
Motherboard ASRock 970 EXTREME4 ATX AM3+ Motherboard $99.48 @ OutletPC
Memory Crucial Ballistix Tactical Tracer 4GB (1 x 4GB) DDR3-1866 Memory $59.99 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Power Supply SeaSonic Platinum 860W 80+ Platinum Certified Fully-Modular ATX Power Supply $146.98 @ SuperBiiz
Total
Prices include shipping, taxes, and discounts when available. $1078.60
Generated by PCPartPicker 2013-11-29 00:52 EST-0500
Estimated Hashrate (with GPU overclocking) : 1900 KH/s
Hardware Fundamentals
CPU - Do you need a powerful CPU? No but make sure it is a decent one. AMD CPUs are cheap to buy right now with tons of power. Feel free to use a Sempron or Celeron depending on what Motherboard you go with.
RAM - Try to get at least 4 GB so as to not run into any trouble. Memory is cheap these days. I am saying 4 GB only because of Windoze. If you are plan to run this on Linux you can even get away with less memory.
HDD Any good ol 7200 RPM hard drive will do. Make sure it is appropriate. No point in buying a 1TB hard drive. Since, this is a newbie's guide I assumed most won't know how to run linux, but incase you do you can get a USB flash drive and run linux from it thus removing the need for hard drive all toghether. (thanks dystopiats)
GPU - Consult the list of hardware of hardware I posted above. Make sure you consider the KH/s/W ratio. To me the 290 is the best option but you can skimp down to 7950 if you like.
PSU - THIS IS BLOODY IMPORTANT. Most modern GPUs are power hungry so please make sure you are well within the limits of your power consumption.
MOTHERBOARD - Ok, so a pretty popular board right now is Gigabyte GA-990FXA-UD3 and the ASRock 970 Extreme4. Some people are even going for Gigabyte GA-990FXA-UD5 and even the mighty Gigabyte GA-990FXA-UD7 because it has more PCI-E slots. 6 to be exact. However you may not need that much. With risers you can get more shoved into less.
PCI-E RISERS - These are called risers. They come in x16 to x16 and x1 to x16 connections. Here is the general rule of thumb. This is very important. Always get a POWERED riser otherwise you will burn a hole in your MoBo. A powered rise as a molex connector so that additional power from PSU can be supplied.
When it comes to hardware I've provided the most basic knowledge you need. Also, take a look at cryptobader's website. This is very helpful. Please visit the mining section of Litecoin Forums and the litecoinmining subreddit for more indepth info.
Mining Software
Now that you have assembled your hardware now you need to get into a pool. But before you do that you need a mining software. There are many different ones but the one that is most popular is cgminer. Download it and make sure you read the README. It is a very robust piece of software. Please read this if you want to know more. (thanks BalzOnYer4Head)
Mining Pools
Now that your hardware and software is ready. I know nothing about solo mining other than the fact that you have to be very lucky and respectable amount of hashing power to decrypt a block. So it is better to join pools. I have been pool hopping for a bit and really liked give-me-coin previously known to the community as give-me-ltc. They have a nice mobile app and 0% pool fees. This is really a personal preference. Take a look at this list and try some yourself.
How do I connect to a pool?
Most pools will give you a tutorial on how to but the basics are as follows:
  • Signup for a pool
  • Create a worker for your account. Usually one worker per rig (Yes people have multiple rigs) is generally a good idea.
  • Create a .run file. Open up notepad and type cgminer.exe -o (address_to_the_miningpool:port_number) -u (yourusername.workername) -p (your_worker_password_if_you_made_one). Then File>Save As>runcgminer.run (Make sure the drop down is set to "All Files" and .txt document.) and save in the same folder as cgminer. That's it.
  • Double click on runcgminer.run (or whatever you named it) and have fun mining.
Mining Profitability
This game is not easy. If it was, practically everyone would be doing it. This is strictly a numbers game and there are calculations available that can help you determine your risk on your investments. 4 variables you need to consider when you are starting to mine:
Hardware cost: The cost of your physical hardware to run this whole operation.
Power: Measured in $/KwH is also known as the operating cost.
Difficulty rate: To put it in layman's terms the increase in difficulty is inversely proportional to amount of coin you can mine. The harder the difficulty the harder it is to mine coin. Right now difficulty is rising at about 18% per 3 days. This can and will change since all you miners are soon going to jump on the band wagon.
Your sanity: I am not going to tell you to keep calm and chive on because quiet frankly that is stupid. What I will tell you not to get too carried away. You will pull you hair out. Seriously.
Next thing you will need is a simple tool. A mining profitability calculator. I have two favourite ones.
coinwarz
I like this one cause it is simple. The fields are self explanatory. Try it.
bitcoinwisdom
I like this one because it is a more real life scenario calculator and more complicated one (not really). It also takes increasing difficulty into account.
Please note: This is the absolute basic info you need. If you have more questions feel free to ask and or google it!
More Below.
submitted by craeyon to litecoin [link] [comments]

Affordable real 18awg 8pin pci-e splitter?

Anyone knows where can I buy an affordable cable like this: https://www.moddiy.com/products/Bitcoin-Mining-PCI%252dE-8pin-TO-2-PCI%252dE-6%252b2pin-Splitter-Cable.html
10$ usd each is a bit steep, and I need 28.
I tried saving money and ordering from aliexpress, and well, I cut one of the wires on their "18awg" cable and it was just thick plastic with few strands of wires: https://ae01.alicdn.com/kf/UTB8Y27MtU_4iuJk43Fqq6z.FpXaS.jpg
Is it possible to get real 18awg splitters for less then 10$usd each?
submitted by W944 to EtherMining [link] [comments]

WHY CHOOSE STATESTREETE

WHY CHOOSE STATESTREETE

https://preview.redd.it/oql25ip5tgs11.jpg?width=800&format=pjpg&auto=webp&s=efa752bc47a341df23ea405d831a9d42d34e73ed
Among the many sites that offer services of currency exchange, positive reputation of StateStreete makes it reliable for consumers around the world. With over 1000000 appreciation from customer activities. With reliable history thus StateStreete hope to bring real value to you, besides, supporting knowledge base on all aspects of money provided by the Team Academic StateStreete.
StateStreete always regularly consider the addition of the new currency, in order to innovate and bring diversity to the market and both the love of our platform. We are non-stop efforts to increase security, ensure a high level of security support, and besides is offering our users new opportunities for trading on the market of Bitcoin. However, each cryptocurrency must pass a thorough inspection to be listed on the market. Our diligence and concern about the quality of the service yield results. Now, we are moving forward to achieve the status of the exchange of best cryptocurrency. Clients of StateStreete are partly contribute in no small way to the success of the market in General and the StateStreete platform in particular. Best Cryptocurrency Exchange: What does It Mean for Us? For you to be able to recognize a reliable online exchange and sort out those that appear to be too weak, we list several features, paying attention to which would help you to make the right choice.
Service safety and security. It is critical to ensure that your data will not be leaked to any other parties. Thus, the availability of certificates, like the PCI DSS, serves as the proof of service’s safety. Besides, the regulation of exchanges is also important. For example, StateStreete:
  • is officially registered in the UK;
  • has a Money Services Business status in FinCEN;
  • complies with the legal requirements of the countries where it functions.
Besides, StateStreete provides the KYC process to verify the identity of customers, the many layers of protection, the encrypted signature to protect your trading account in the best way.
StateStreete build a 24/7 to interact and support, help, handling customer requests best to ensure all activities are held stable, fast. Anyone can request our technical staff help and deal with situations that occur when the transaction, however we do not bear any responsibility for the loss of your account when you deposit transaction With a wide selection of markets for cryptocurrencies in the exchange trading today as a benefit for the user. In particular, the StateStreete offers business opportunities for Bitcoin Bitcoin cash, gold, Ethereum, Bitcoin LTC,.. They can be given in Exchange for USD, EUR, GBP, or RUB. In addition, the variety of payment options, including cards such as Visa and Mastercard, as well as transfer of funds, contributing to the convenience of the service.
Web page interface.
The user experience on the web site is also important for customers. A friendly space and is compatible with many platforms today will help users easily within the grasp of the information, for the trader information is indispensable. With just a few clicks in a few seconds, your transaction was successful without having to take too much effort. While searching for a reliable online Exchange can be a complex task, trust a platform with extensive coverage and positive reputation between users can save you time. StateStreete is the exchange Bitcoin incorporates important features: increased security, more options and higher liquidity in the market. Research group applied every effort to make your business on the platform is convenient and safe as possible. With StateStreete, you can always be sure that you will find what you are looking for. Just try the service on your own and make sure that it fits your needs!
submitted by statestreete to u/statestreete [link] [comments]

IBM 2880W PSU/Breakout Boards - *NEW* Package deals for T9/S9 & A7

Please see here for IBM 4K PSU packages: https://bitcointalk.org/index.php?topic=1308296
Please see here for GPU rig powering packages with all adapters necessary to run rigs off these PSU's! https://bitcointalk.org/index.php?topic=1864539
NEW - PACKAGE DEALS
The "Get Me Going" Package
(Tell the wife her dryer now runs on 12V and has blinking lights and loud fans) Simply add a C19 cable. - 1x 2880W PSU - 1x Breakout board - 10x 24" PCIe cables
The "Double A (AntmineAvalon)" Package
Enough to power 2x Antminer S9's for as cheap as possible - 1x 2880W PSU - 1x Breakout board - 20x 24" PCIe cables - 1x C19 power cable of choice (see below for stock)
The "Royale With Cheese" Package
(Perfect to run 2x Antminer S9's, mixing and matching lengths for flexibility and value.) - 1x 2880W PSU - 1x Breakout board - 11x 24" PCIe cables - 11x 36" Deluxe PCIe cables - 1x C19 power cable of choice (see below for stock)
The "Pimp Daddy" Package (Add a 50A circuit and go big, with PDU included for clean, simple & safe install) - 3x 2880W PSU - 3x Breakout boards - 1x 40A 4-port PDU with breakers for each circuit - 30x 24" PCIe cables - 30x 36" Deluxe PCIe cables - 3x C19 power cables of choice (see below for stock)
Boards and cables ship from Canada, PSU's ship domestically in the US to save on shipping and any potential duty/taxes at the border.
Individual pricing Note: Bulk pricing is available, please contact me.
Board price - $65 each.
PSU (Refurbished) - IN STOCK. Includes ground shipping within the US.
I can supply PCI cables in two different configurations:
-36" Deluxe, high quality 16awg made in USA- $4.50 each (IN STOCK)
-24" standard 16 AWG cables - $2.50 each (IN STOCK)
C19 to C20 cable (14awg, 1.6M) - $12 each
C19 to NEMA 5-15P cable (14awg, 1.6M) - $12 each
C19 to NEMA 6-20P (12awg, 1.6M) - $12 each
40A continuous-rated PDU (requires 50A circuit): $120
24A continuous-rated PDU (requires 30A circuit): $60
60A 3-Phase Delta current-monitored PDU with remote access: $350
LEASING CONTRACTS
I have started to offer leasing packages for use in approved Data Centre/Co-locations. This can be beneficial for many reasons:
-Less upfront capital required, allowing more to be spent on additional mining hardware which can offset much or all of the cost of the lease
-Limits risk and cost of equipment failure, and associated down time due to failures
-Saves shipping costs for heavy PSU's to and from hosting location for duration of your contract
-No equipment depreciation
-Helps eliminate ownership problems associated with Group Buys, when more than 1 member shares purchase price of PSU to host together
-All maintenance, replacement, shipping, setup, and lost revenue from down-time due to PSU failure is my responsibility
Please contact me for details.
Shipping
Shipping will be calculated individually, to make sure you are getting the best rate. All prices are in USD. I am willing to accept escrow through OGNasty, and can also do Paypal but buyer will be responsible for covering costs of either services (4% added to paypal, OG charges 1% for escrow).
Each package of PSU, breakout board & 10x PCI cables is approximately 16 lbs.
The BTC address for all non-escrow breakout board orders is here: 1GWQYCv22cAikgTgT1zFuAmsJ9fFqq9TXf I will not PM you asking for payments to any other address, so beware of F1nksy, Fink5y, or whatever scammy names might pop up.
Original Post:
Hi everyone,
I am the official North American distributor of Break-out boards for the IBM 2880W Bladecenter H PSU's, which are 80+ platinum rated (94%+ efficient) Edit: UN-VERIFIED AT THIS POINT and have provision for 22x PCI-E cables. Unlike other server boards, these don't rely on screw-down terminals and bare wires which can get loose and spark causing fire hazards, and limit the exposure of live contacts to surfaces above and below the PSU. Instead these use a double-sided PCI 6 pin cable, which only cost about $0.10 more than the standard PCI-6 to bare wire versions. Also, unlike the DPS-2000BB -which is the next largest server PSU available for miners- these have fans already built-in, so don't need extra work to set up up and deploy.
The PSU's themselves are available on e-bay and elsewhere (I sell them as well), and the boards will be priced at US $70 $65 each (better pricing for bulk purchase, volume structure will be the same as J4bberwock's). Each PSU can handle 2x Antminer S7's, 3x SP20's, 5 Antminer S5's, or 8 Antminer S3's. You won't find better value for power, and there are very few ATX-based PSU's that provide 80+ platinum efficiency (and none for under $200 for even 700-800 watts). Edit: UN-VERIFIED AT THIS POINT Lastly, unlike ATX-based PSU's, these can be run at (and I have found even over) their rated power, as they were designed that way for server use. They do, however, require 240V input. Also, running these over at over 90% load will give you slightly decreased efficiency, and could affect their reliability.
I have personally taken 3x SP20's to settings around 960 watts (at ports, not at wall) each for approximately 2 weeks, and the PSU drew 13.41 amps (@ 235 volts - 3150 watts @ wall). So at absolute full load (or possibly over), these will still hold over 90% efficiency. Very impressive, and I will be testing different fans to reduce sound for home mining (fans on these PSU's are slightly louder & higher pitched than SP20 fans). Sloopy informed me that he ran 11x Antminer S3's on a PSU for a while (over 3,300W DC!), but that is certainly not recommended, and will eventually cause the PSU to fail. It is simply a testament to how tough these PSU's truly are, and that spikes over their rated output shouldn't affect performance.
Here are some pictures:
Feel free to contact the developer of these boards if you have any concerns, he will verify that I am authorized to sell these. https://bitcointalk.org/index.php?action=profile;u=206446
Here is the spec sheet with efficiency rating: http://www-03.ibm.com/systems/bladecentehardware/chassis/bladeh/
Thank you for your time,
Finksy
J'observe qu'il y a plusieurs Québécois sur se forum. Mon Francais est au niveau primaire mais je peux communiquer sans probleme.
Me gusta mucho aprender español, y tengo un conocimiento muy básico (con traductores). Pruebame, si eres paciente
Here is my PGP key for anyone wishing to send their personal information encrypted:
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I will honour a 10-day return/exchange for PSU's or Boards that are DOA. However, these PSU's are used and although I try to briefly load test them all before sending them out, it is impossible to predict failures. As such, no warranty will be offered beyond what was previously mentioned. If you are looking for more peace of mind, please feel free to source PSU's yourself either new or used.
BitcoinTalk Link to Contact
submitted by MarketBot to HellsCrypto [link] [comments]

6 RX580's Able to make some money?

Hi there!
My brother was an old time miner, and had a few Bitcoins back in the day. He's now considering selling his final one in order to allow us to build a PC with the following specs:
SIX (6) Sapphire 11265-09-20G Radeon PULSE RX 580 4GB
Intel Celeron G1840 Processor
6-Pack PCI-E 16x to 1x Powered Riser Adapter Card
ASRock ATX DDR3 1066 LGA 1150 Motherboard Z97
Thermaltake TOUGHPOWER 1200W 80 PLUS GOLD
Kingston HyperX FURY 4GB 1600MHz DDR3
SanDisk SSD PLUS 120GB Solid State Drive
The total comes up to around 2000 USD after shipping and retrofitting some sort of case. Please do note that there are 6 580s.
We project around 600 USD per month after some tax and paying for electricity. Is this at all possible? Are we missing something drastic and I just made a fool out of myself?
If we're not being silly, I'd love to get this cracking asap. We plan to build another PC after 6 months, if all goes to plan.
Anyone that knows what they're talking about, willing to give some advice?
Thanks all!
submitted by spiritzzz to EtherMining [link] [comments]

I am starting to notice a very light "grinding" with my pc. Help

Here are my parts. They were chosen and bought just before the rise of Ryzen and the bitcoin boom happened where the ram that i have only cost about $110 USD. It now costs about $204 USD whenever it is on sale. Much sadness right now. The windows 7 home premium is running just fine because we found some drivers to work around the windows 10 priority. The only issue is that annoying pop up that comes up telling me that some hardware is incompatible, like No. It works just fine, intel just didnt activate some drivers on it on purpose. I dont know how to get rid of the pop up though.
PCPartPicker part list / Price breakdown by merchant
Type Item Price
CPU Intel - Core i5-7600K 3.8GHz Quad-Core Processor $199.89 @ Amazon
CPU Cooler CRYORIG - H7 49.0 CFM CPU Cooler $28.90 @ Newegg Marketplace
Motherboard MSI - Z270 SLI PLUS ATX LGA1151 Motherboard $89.99 @ Newegg
Memory Corsair - Vengeance LED 16GB (2 x 8GB) DDR4-3000 Memory $199.99 @ Best Buy
Storage Western Digital - Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $41.89 @ SuperBiiz
Video Card XFX - Radeon RX 480 8GB GTR Video Card $230.00
Case NZXT - S340 (Black) ATX Mid Tower Case $59.99 @ Newegg
Power Supply SeaSonic - G 550W 80+ Gold Certified Semi-Modular ATX Power Supply $66.99 @ SuperBiiz
Operating System Microsoft - Windows 7 Home Premium SP1 OEM 64-bit $109.99 @ My Choice Software
Wireless Network Adapter Asus - PCE-AC56 PCI-Express x1 802.11a/b/g/n/ac Wi-Fi Adapter $58.93 @ Amazon
Case Fan Corsair - Air Series AF120 White 52.2 CFM 120mm Fan $12.88 @ OutletPC
Case Fan Corsair - Air Series AF120 White 52.2 CFM 120mm Fan $12.88 @ OutletPC
Keyboard Corsair - STRAFE RGB Wired Gaming Keyboard $139.99 @ Amazon
Mouse Corsair - M65 PRO RGB FPS Wired Optical Mouse $44.99 @ Amazon
Other Anker Ultra Slim 4-Port USB 3.0 Data Hub $11.00
Other ASUS USB-BT400 Bluetooth 4.0 USB Adapter Backward Compatible with Bluetooth 2.0/2.1/3.0 $14.00
Prices include shipping, taxes, rebates, and discounts
Total (before mail-in rebates) $1362.30
Mail-in rebates -$40.00
Total $1322.30
Generated by PCPartPicker 2017-11-30 15:48 EST-0500
It is a very light grinding type of sound, it sounds as if it has a sort of "oscillating" sounding pattern to it. I am not sure what it could be, i do have a mechanical 7200 rpm wd 1tb hard drive so im just hoping it isnt that. What programs can i use to diagnose the hard drive?
how do i check if its the fans, or the case fans? i also have an H7 and the graphics card that i have has 2 small fans on it as well but my temps are well within normal degrees celcius. let me know what i can do to troubleshoot this issue
submitted by NZXTTXZN to buildapc [link] [comments]

Lessons learned from a first time builder: things I wish I knew.

I have built and run my new unit for a few days now.
This is the setup:
Type Item Price (AUD)
CPU [Intel Core i5-2500K 3.3GHz Quad-Core Processor] $219
Motherboard MSI P67A-C43 $129
Memory G.Skill NQ 1333 4G $50
Hard Drive 1 TB 5400RPM Hitachi $59
Video Card PowerColor Radeon HD 6950 1GB Video Card $232
Case Antec 300 $59
Power Supply Antec EarthWatts 650 $99
Monitor Acer V243HLB 24" $189
Keyboard Gigabyte K6800 $19
CPU Cooler Coolermaster 212+ $33
Here are the things I wish I knew before. I know some might be lame and basic, but I am sure there are others out there who are of similar incompetance and ignorance :)
Don't freak out if the unit does not immediately power on. You will get it working; chances are you just herped something up. In my case I had screwed up the positioning of the power switch plugs (I ended up just shorting the power switch pins to test, but I would not really recommend this ;) ).
Don't skimp or compromise in the name of getting your rig a day or two more quickly. I ended up buying a lame HDD because MSY was out of stock of everything else. Same with RAM. Buy what you want, not what is in stock at the time.
Work out how much a dollapound/florin/whatever is worth to you. This sounds odd, but I realize now that for an extra $15 Australian (around 13.4 million USD) I could have had a 2GB 6950 rather than a 1GB. Equally, I skimped on a MOBO; for an extra $10 I could have bought one with an extra PCI-Ex slot that would have allowed CB-ing in a year. For a saving of $25, I pretty much un-futureproofed my machine. This was stupid.
You will regret not getting an SSD pretty much all the time.
Don't follow online guides about overclocking, at least to begin with. Following detailed overclocking guides found online is like deciding to try rock climbing for the first time buy tagging along behind a group who are making an Eiger speed attempt. You will either break something or just end up feeling stupid. The OCing community is full of scary neckbeared clever people. You are not one of these people. Just go into your BIOs, set the CPU multiplier to something not very ambitious (4.6 Ghz [i.e. 46] for a 2500k) and just boot. Boom.
That said, most tinkering stuff is easier than you think. Within a day I had successfully OC'd the CPU, GPU, flashed my 6950 to a 6970 shader count and was mining bitcoins with the GPU. Just go slow and read carefully, and don't do anything until you know how to reverse whatever it is you are doing back to how it was.
Get a modular PSU if you can afford it. Fucking wires. Everywhere.
Speaking of which, as a last point: Cable managment happens during a build, not after.
That is all I can think of. I wish my past self were here to read this. I hope it helps somebody.
submitted by plutocrat to buildapc [link] [comments]

Getting Ready To Build: Feedback on parts choices

Build Help/Ready:

Have you read the sidebar and rules? (Please do)
Yes
What is your intended use for this build? The more details the better.
1080p gaming, 3-D CAD & Rendering, plus the usual general stuff. Room for future upgrade to higher-performance gaming.
If gaming, what kind of performance are you looking for? (Screen resolution, framerate, game settings)
1080p + / 60fps / high to max settings. Only have / can afford 1080p monitors atm but would like to upgrade my monitors to higher resolution.
What is your budget (ballpark is okay)?
$2,000 USD
In what country are you purchasing your parts?
USA
Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!).
PCPartPicker part list / Price breakdown by merchant
Type Item Price
CPU Intel - Core i5-8600K 3.6GHz 6-Core Processor $239.99 @ Amazon
CPU Cooler ARCTIC - Liquid Freezer 120 74.0 CFM Liquid CPU Cooler $68.23 @ Newegg
Thermal Compound TUNIQ - TX-4 Extreme Performance 1g Thermal Paste $9.33 @ OutletPC
Motherboard Asus - Prime Z370-A ATX LGA1151 Motherboard $139.99 @ Newegg
Memory Team - Dark 16GB (2 x 8GB) DDR4-3000 Memory Purchased For $165.75
Storage Western Digital - Blue 250GB M.2-2280 Solid State Drive $83.89 @ OutletPC
Storage Seagate - Barracuda 2TB 3.5" 7200RPM Internal Hard Drive $59.79 @ OutletPC
Video Card Asus - GeForce GTX 1060 6GB 6GB Dual Video Card $404.98 @ Newegg
Case Phanteks - ECLIPSE P400S TEMPERED GLASS ATX Mid Tower Case $62.00
Power Supply Corsair - RMx 750W 80+ Gold Certified Fully-Modular ATX Power Supply $129.99 @ Amazon
Operating System Microsoft - Windows 10 Home OEM 64-bit $89.89 @ OutletPC
Software Microsoft - Office Home and Student 2016 Software $112.00 @ Amazon
Wireless Network Adapter Rosewill - N900PCE PCI-Express x1 802.11a/b/g/n Wi-Fi Adapter $29.81 @ OutletPC
Case Fan ARCTIC - Arctic F14 77.3 CFM 140mm Fan $8.86 @ OutletPC
Case Fan ARCTIC - Arctic F14 77.3 CFM 140mm Fan $8.86 @ OutletPC
Case Fan Fractal Design - FD-FAN-SSR2-40 4.3 CFM 40mm Fan $8.49 @ Newegg
Case Fan Fractal Design - FD-FAN-SSR2-50 4.6 CFM 50mm Fan $11.62 @ Newegg
Case Fan Phanteks - PH-F120MP_BBK_PWM 53.3 CFM 120mm Fan $14.89 @ OutletPC
Monitor ViewSonic - VA2446M-LED 24.0" 1920x1080 Monitor $129.99 @ Amazon
Keyboard Logitech - K740 Wired Slim Keyboard $57.99 @ Newegg Marketplace
UPS CyberPower - AVRG750U UPS $79.95 @ Amazon
Other Phanteks RGB LED 4 Pin Adapter, Specified for Phanteks Cases with RGB $2.91 @ Amazon
Other Phanteks PH-PWHUB_01 PWM Fan Hub $16.07 @ Newegg Marketplace
Prices include shipping, taxes, rebates, and discounts
Total (before mail-in rebates) $1955.27
Mail-in rebates -$20.00
Total $1935.27
Generated by PCPartPicker 2018-03-03 13:46 EST-0500
Provide any additional details you wish below.
Added a much more powerful PSU than needed because I really wanted Fully Modular and wanted overhead to upgrade to a more powerful GPU, including multiple GPUs in SLI/CrossFire.
This build list also includes all of the extras / peripherals I intend to buy such as keyboard (I'm coming from a laptop and don't have one), extra fans, etc.
Seeking particular input on choice of motherboard, esp. from anyone who has strong input on whether this is a good one or not.
The GTX 1060 6gb is a fallback because of the Bitcoin Apocalypse. If I can get an okay deal on a 1070 I will jump on it even if it puts me a bit over budget
I have already purchased the RAM and case as there were temporary deals on them but otherwise I'm opportunistically waiting for price drops and gradually purchasing over time.
submitted by Dr_De to buildapc [link] [comments]

[uncensored-r/BitcoinMarkets] Coinhub.io

The following post by CoinhubExchange is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7h1u4j
The original post's content was as follows:
Coinhub.io is an exchange launching on Monday, December 4th. Users can sign up now and start trading. To give you as much information about us as possible, I’ve arranged a Q&A specifically for this thread and I would be very happy for you to ask your own questions and I will get back to you as soon as possible! Q- What currencies do you support?
A- On the fiat side, USD, EUR, GBP and SGD. Crypto side, BTC, ETH, LTC, Dash, Doge, NMC, BAT, Civic, MTL, SNT, EOS, GNT, BNT, OMG, REP. We will have support for BCH, ETC, XRP and PPC in a few days’ time as well.
Q- What is your fee structure like?
A- 0.25%. MakeTaker fee. We will, however, be launching a promotion for 3 months for market makers at 0%. We will publish when this begins on our social media pages over the next few days
Q- Many cryptocurrency exchanges have been hacked in the past, what kind of security can we expect?
A- Our exchange was built with security at the core. We have a very strong security team that are constantly assessing our infrastructure and application against latest threats. We follow best practices and industry standards such as OWASP and PCI based testing. 90% of coins on the exchange are kept in cold storage wallets, disconnected from the internet.
Q- What differentiates you from other, established exchanges?
A- We are committed to becoming the industry leader in customer support. We are aware of customer frustration at how slow customer support can be on crypto exchanges, and our team is ready to become the industry leader in this respect. We are also very close to the community and to blockchain developers.
Q- Do you accept customers from the United States?
A- Unfortunately, not at this point. We currently accept users from all around the world except for customers from the U.S and countries on international sanctions lists.
I’ll leave the rest of the questions for you and will endeavour to answer as soon as possible!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

UPDATE: on Request for Position from the Colorado M.E.D.

I need to make this brief as I'm heading out the door. I've been so busy I haven't had a chance to tell everyone what happened on Wednesday when Rachel G. spoke with the M.E.D.
In summary, they are in general supportive and understanding as a whole, but they don't want to specifically approve the use of virtual currencies. That's perfectly fine. All we are asking is that they state they do not prohibit the use of alternative/virtual currencies. Even that position they still don't feel entirely comfortable with and would like to have more information before making a decision.
What I have learned is that this is really just about bureaucracy over logical reasoning. They want to understand how a transaction would work from consumer to merchant and from potcoin to cash. They want to be assured that transactions are recorded at time of sale in US dollars and audit-able. Well, of course they do and we can show that but it must be simplified for understanding by those who do not have knowledge of virtual currencies.
I have asked that we set another time to meet in person and allow them all the time they need to make a proper decision. So, I would like to present two solutions.
The first being a simple One Page Infographic describing the process of selling marijuana for cryptocurrency and describing the key controls along the path (USD conversion, audit trail, integration with existing POS). Much like Morgan Spurlock showed the world in his recent CNN special where he proved he could live off of Bitcoin, we need to show the simplicity and compliance of an average transaction but for marijuana.
The second solution is in addition to the first. We could offer to maintain compliance with PCI-DSS, the digital security standard of the credit card industry. It's fairly simple to be compliant, but it's obviously not entirely applicable to virtual currencies but the tenets of security are.
By educating them at a higher level and offering additional assurance through security compliance we may be able to win them over. The need a simple and compelling explanation to take to the top (affectionately referred to as the The Wizard of M.E.D.) for final approval.
I will be working on this with our core DA team this weekend and we will schedule another meeting with the M.E.D. before the end of the month. Expect an answer sometime in April... so fitting.
-NIL
submitted by nil8tor to potcoin [link] [comments]

Woah, lets make some special alt-coin servers.. bad idea?

Alright, so I got this idea... I've been making servers for a doctor over the past few months. He's filthy ass rich, I've made him five milk crate style servers (20x 7950s)and hes made over 140,000 thousand usd on litecoins so far. He's given me no cut, and I only made 200 a server from him. It made me mad because college is too damn expensive. Anyway, on to my idea. I've been researching and getting pretty good at making these and running them efficiently. I've also seen how many people showing interesting in the bitcoin world, and they have no clue where to start. Some know a ton software wise, and very little hardware wise. I've also seen how there are absolutely niltch websites that sell alt-coin servers. So lets say I made servers for people who are interested. Put them in crates like these (https://openrigs.com/giorgina-stackable-gpu-frame) and used riser like these (http://www.aliexpress.com/item/PCI-E-PCI-E-Express-1x-to-1X-4x-8x-16x-Riser-Extender-Adapter-Card-with/944387438.html). Preset the OS, and the cgminer. All the user would have to do is plug in and run. The question I have is would people be interested? I know difficulty is going extremely high, but along with the price! As long as the price increases it would stay profitable. GPU's are starting to come back in stock. And with stackable crates like these, its very modular and racks of racks of servers could be made. These new litecoin asics are barely gonna make it. 25MH for 10 grand in parts is almost the same price that could be spent for GPUs. Im not posting an ad, I just want some feedback from this wonderful place of reddit :)
submitted by theerich007 to litecoin [link] [comments]

I took the plunge - 2x 7970's on their way for potential rig - I have no idea what I'm doing - Help appreciated!

So since this past Spring break, my brother in his all powerful insider knowledge on this strange thing named BitCoins introduced me to this bandwagon. I've since joined in and bought all I could muster with the funds in my bank without ruining myself and have thus far reaped a beautiful profit that my wife deems pleasant. This is, of course, something EXTRAORDINARY. Ahem. So I decided to wager my trust I've earned with her with said investment, and have decided to use a few more funds to build a mini miner. Obviously this won't be the mega tank that you see all over Youtube, Just a simple machine that may have the potential of 1.6GH/s is my hope.
So this is what I've bought so far:
Total thus far after Rebates & Selling Games: ~$1300 USD
Estimated 1.6GH/s with profits beginning in ~85 days (Before crash, of course XD - Now who knows!)
Great thing is if all this goes kaput, I'll at least be able to resell it all! :D
I have a monitor around for initial setup, and all the other obvious peripherals. What I am in need of are some tips or links in setting these 2 guys up. I'm somewhat new to Building a PCI-E Rig, but I'm sure its just as simple as plugging it all in, which I've done countless times before. I know that if I'm on Linux I won't need any dummy plugs for the DVI outputs on the other cards for it to be recognized by the OS. Can it be run purely all on a USB drive? That's one thing I'm a little unsure of.
Mostly my questions consist of:
I don't care much for people bantering about how difficult it is now to mine, or how ineffective this might be, I've read my share about that. I plan on just having this run in the corner of my little apartment for a few months while I go to school/work/walk the dog/etc... I would like tips or any insider info on other fellow 7970'ers on how to maximize my performance with these two cards at my disposal. And of course those who do help me in my time of need and once it's all beautiful and vampiric-sparkly like will get Brownie Points in the afterlife.
Last computer I built was back in 2004 so that I could play Half Life 2. And I was on a budget back then too. So I'm not too savvy with all this new cooling hardware and techniques as I've never had to deal with things that exceeded 4x AGP.
I'll post pictures and videos of all the fun I have with this adventure :D
Update
Thus far I have only received my two 7970's and boy do they look beastly. I've never held a card that manly before.
2nd Update
Everything came in! Goodness it's difficult to do a headless Linux Box! for sake of time, I think I'm just going to buy a cheap sata harddrive.
3rd Update
So here's the final photo of it running with 2xx7970's
I'm still waiting for the riser cables to come in to mount the other 3 cards.
I haven't uploaded the videos of me building it all just yet (btw I sucked at putting it all together XD)
submitted by TheSchlooper to BitcoinMining [link] [comments]

Lets make special Alt-Coin miners +ideas!

Alright, so I got this idea... I've been making servers for a doctor over the past few months. He's filthy ass rich, I've made him five milk crate style servers (20x 7950s)and hes made over 140,000 thousand usd on litecoins so far. He's given me no cut, and I only made 200 a server from him. It made me mad because college is too damn expensive.
Anyway, on to my idea. I've been researching and getting pretty good at making these and running them efficiently. I've also seen how many people showing interesting in the bitcoin world, and they have no clue where to start. Some know a ton software wise, and very little hardware wise. I've also seen how there are absolutely niltch websites that sell alt-coin servers.
So lets say I made servers for people who are interested. Put them in crates like these (https://openrigs.com/giorgina-stackable-gpu-frame) and used riser like these (http://www.aliexpress.com/item/PCI-E-PCI-E-Express-1x-to-1X-4x-8x-16x-Riser-Extender-Adapter-Card-with/944387438.html). Preset the OS, and the cgminer. All the user would have to do is plug in and run.
The question I have is would people be interested? I know difficulty is going extremely high, but along with the price! As long as the price increases it would stay profitable. GPU's are starting to come back in stock. And with stackable crates like these, its very modular and racks of racks of servers could be made.
These new litecoin asics are barely gonna make it. 25MH for 10 grand in parts is almost the same price that could be spent for GPUs. I almost did this last summer, but boy I wish I did now. Im not posting an ad, I just want some feedback from this wonderful place of reddit :)
submitted by theerich007 to litecoinmining [link] [comments]

Informative post about Feathercoin

Seeing how this Subreddit is lacking any sort of info on Feathercoins and the lack of community support we have, I have decided to start a post that would inform newbies about Feathercoin and seasoned vets on the best places to trade.
Feathercoin:
It is a Crypto Currency that was started by Peter Bushnell. It is a clone of Litecoin (This coin was inspired by Bitcoin). The Feathercoin network generates coins at a decreasing rate. It will generate about 336 million coins which is 16 times more than that of Bitcoin and 4 times more than that of Litecoin. Currently about 25 million coins have been generated.
Network hashrates, Pools, Solo mining:
Currently a mid end system comprising of 7870 or 7970 will get you abot 400 to 700 kh/s. That means that in a given day you will be mining about 7 to 13 Feathercoins on current difficulty level. However If you mine alone that is solo mining, the probability of you finding a block is hard and it may take a while before you make a coin. To counter this people have started making pools to increase the chances of finding blocks. There are many pools that allow you to have multiple workers so you can setup multiple systems and mine at your leisure. Currently some of the popular pools are:
http://www.fcpool.com/
http://give-me-coins.com/
http://www.wemineftc.com/
http://fc.ltcoin.net/
https://ftc.d2.cc/
For a full list of mining pools: http://coinpools.sdfg.org/ftc
It is highly recommended to join a pool to make mining profitable. Look at the pools posted above, look at their fee structure, their payout and make an informed decision on which pool to join.
Hardware and Mining:
Feathercoin utilizes scrypt based mining that is you can use your GPU (the Graphics card inside your system) to mine them. AMD Cards are highly recommended as they output higher hashrates as compared to Nvidia. To give you an idea of the difference a 7870 ghz edition mines at about 375 kh/s whereas a Nvidia 780ti would mine at about 224 to 300 kh/s. If you are seriously considering in investing in this venture it would be best to buy a rig that supports 6 GPU's and buy either the 7950 or the 280x as they have considerably higher hash rates and are affordable to say the least. Something one should be aware of is that mining produces a lot of heat as your system is basically running at full capacity and therefore needs a lot of cooling. People usually build rigs in the open (no case) and use household fans to cool them. Also another thing that is common is to use PCIe risers as they allow greater spacing between GPU cards and effectively help in dissipating heat. Mining uses a lot of electricity so it is best to use a schedule to mine or if electricity is cheap then 6 7950's running 24 hours a day would cost you about 12 to 18 dollars in electricity a month, maybe more depending on where you live. The software to use for mining are Cgminer (https://litecointalk.org/index.php?topic=6925.0), guiminer scrypt (http://forum.feathercoin.com/index.php?topic=961.0) and cudaminer for Nvidia cards. I would advise against Cpu mining as that is not profitable and will simply weigh you down. Invest 250 to 350 dollars in a good AMD GPU and you will be mining much more effectively.
Trading:
There are many places where one can trade Feathercoins but only a few of them offer FTC/USD exchange. Btc-e (https://btc-e.com/exchange/ftc_btc). Is one of the biggest cryptocoin trading exchanges, it does not offer USD exchange for Feathercoins as of yet but allows you to exchange for Bitcoins. Crypto-trade (https://www.crypto-trade.com/trade/ftc_btc), this trading exchange allows you to trade against the USD making it more favourable to miners however there is currently a lack of volume for FTC as of writing. Other exchanges like Cryptsy, Bter and coins-e are all good but they are heavily dependent on Bitcoins and Litecoins for now.
My thoughts
Feathercoin is fairly new and its gaining momentum, once big exchanges start listing it against the USD, the venture will become more profitable. For now it is advisable to mine as many as you can and sit on them till value improves or if you have a mining rig that is mining at 22000 kh/s (this will get you about 500 feathercoins a day) then mine the shit out of them and trade them for Btc for profit although I would recommend against this as it it reduces the value of feathercoin. Many exchanges allow you to deposit money via international wire transfers however the minimum is 2000 dollars so keep that in mind before investing real money into this venture. There are alternatives like paypal and okpay that are also accepted but not a lot of people have accounts on those so signup for a website that suits your situation.
One last ting we all need to do is spread awareness about Feathercoin, It is a miners coin and the difficulty right now makes it so much more interesting to mine. I will update this page with more information and will answer questions if any to the best of my knowledge. Happy mining
My FTC wallet deposit thingy address : 6v1VuL41xGuLG1Bd8usJsuUEkZyac8jKbe
EDIT : I realized some of you might have NVIDIA GPU's and are hesitant on getting AMD. Never fear for there is a solution. If you have a motherboard that supports two or more GPU's that is you have more than one PCIe slots than follow these instructions:
If you intend to game on your system while you are mining then put the NVIDIA card in PCI slot one and buy an AMD card and put it in slot 2. Now install the drivers in the order Nvidia first reboot and then Amd second reboot. You do not need to plug in HDMI to your AMD card just leave it as it is. Now download gpu miner scrypt and select from the list your AMD card and start mining, its that easy. At night if you want to squeeze in more kh/s then run cudaminer and let it mine alongside your AMD. The best part about this is that you can be mining 24/7 on your AMD card and you will not experience any system slow down while gaming or watching movies. Remember to have atleast two workers workers created so you can mine parallel. If you already have an NVIDIA card then just install your AMD card and install AMD drivers and reboot and run guiminer scrypt. At times you might run into the issue of guiminer not starting, just delete it and re install it and it should work fine in 98% of the cases. This is for those who do not want to invest in a completely new system and would rather use their existing system. You can use cgminer as well but remember the order in cgminer starts from 0 not 1 so if NVIDIA is in slot 1 then it is -d0 -g0 and AMD will be -d1 -g1
submitted by motherlode1 to FeatherCOin [link] [comments]

VBTC plus - advanced Bitcoin Leverage Trading platform

VBTC Vietnam Co. Ltd. (www.vbtc.vn) officially announced this week the launch of “VBTC plus”, which will offer advanced trading tools to the Vietnamese market.
During the first stage “VBTC plus” customers will be able to open either “long” or “short” positions on Bitcoin price movements with up to 8x leverage. Further advanced trading products will be launched over the coming months in order to provide an ongoing cutting-edge Bitcoin trading & hedging solution to the Vietnamese market.
The platform itself is designed according to current best-practice-models of the Bitcoin industry while integrating with established security standards of the traditional payments industry.
Some of the security features are:
“VBTC plus” will allow traders to register for the new platform at https://plus.vbtc.vn/ from now on.
Disclaimer:
The platform is not directly connected to our own exchange VBTC yet, since the order book there is too thin to provide a reasonable solution to run a leverage trading platform on top of it. The platform therefore takes its current exchange rate from Bitfinex (as currently largest USD/BTC exchange), the trades get settled on the larger exchanges as well. This provides our customers the advantage, that there is even theoretically no way for us to manipulate the price on our own exchange in order to trigger margin calls for our own benefit. Furthermore: In order to avoid such experiences as customers had them at other Bitcoin leverage trading platforms during the last week, the platform triggers the Stop Loss already, when the collateral has - due to price movements opposite to the direction of the trade - been reduced to around 35% of its initial level / 5% of the overall position size (NB this figure depends on the leverage level on the position but is never lower than these amounts). This means there is a buffer against adverse price movements when unwinding the hedge backing the position to ensure that platform losses are minimised during volatile times, like we had them last week. This, combined with the fact that we create the leverage products ourselves rather than just introducing buyers and sellers, allows us to withstand losses and therefore NEVER reduce the profits of the successful traders due to the 'socialization of losses', while still limiting losses for losing positions to the initial investment amount the user puts in.
submitted by VBTC_Vietnam to BitcoinMarkets [link] [comments]

[Build Ready] First-timer looking for advice

This machine will primarily be for gaming. Also looking to mine bitcoins at some point too. I understand that I should build a seperate machine for that. With that being said is this build a good one?
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU Intel Core i5-4670K 3.4GHz Quad-Core Processor $199.99 @ Microcenter
Thermal Compound Prolimatech PK-2 Nano Aluminum High-Grade 5g Thermal Paste $8.99 @ SuperBiiz
Motherboard Gigabyte G1.Sniper B5 ATX LGA1150 Motherboard $99.99 @ Amazon
Memory Team Dark Series 8GB (2 x 4GB) DDR3-1600 Memory $72.99
Storage Samsung 840 EVO 120GB 2.5" Solid State Disk $89.00 @ Amazon
Storage Seagate Barracuda 3TB 3.5" 7200RPM Internal Hard Drive $102.99 @ NCIX US
Video Card EVGA GeForce GTX 760 4GB Video Card $289.99 @ NCIX US
Sound Card Creative Labs Sound Blaster X-Fi Xtreme Audio 24-bit 96 KHz Sound Card $43.99 @ Mwave
Wired Network Adapter Intel PWLA8391GT 10/100/1000 Mbps PCI Network Adapter $28.50 @ Amazon
Wireless Network Adapter Intel 2200BNHMWDTX1 802.11b/g/n PCI-Express x1 Wi-Fi Adapter $24.99 @ Mwave
Case Corsair 750D ATX Full Tower Case $129.99 @ Newegg
Power Supply Cooler Master V850 850W 80+ Gold Certified Fully-Modular ATX Power Supply $159.99 @ Newegg
Optical Drive LG WH14NS40 Blu-Ray/DVD/CD Writer $49.99 @ Newegg
Monitor Asus VE248H 24.0" Monitor $169.98 @ OutletPC
Total
Prices include shipping, taxes, and discounts when available. $1471.37
Generated by PCPartPicker 2014-01-24 16:02 EST-0500
edit: the build is closer to $1500 USD. It added one part from microcenter(processer), but since I'm in northern california and there are no microcenters around I will be ordering from newegg for $239.99.
submitted by Noodlez916 to buildapc [link] [comments]

[SG] I Am Accepting DOGE as Payment for Custom GPU Mining Rigs for Local Pickup in Chicago, IL USA

I have two custom rigs / mining kits IN HAND and I am willing to sell. I will accept Bitcoin or Dogecoin for payment of course, or USD if you prefer I guess =)
Topaz - $850 / 1.7 BTC / 850k DOGE - 2x Sapphire R9 270 GPUs - Motherboard, CPU+fan, 3GB DDR2 RAM - 1x USB Powered PCI-E 1x to 16x Riser - 1x 40GB SATA Hard Drive - 750W PSU - Open air black metal frame - 810 kh/s Scrypt Mining on cgminer 3.7.2
Jet - $950 / 1.9 BTC / 950k DOGE - 2x Sapphire R9 270x GPU - Motherboard, CPU+fan, 8GB DDR3 RAM - 1x USB Powered PCI-E 1x to 16x Riser - 1x 40 GB SATA Hard Drive - 1000W PSU - Open air black metal frame - 880 kh/s Scrypt Mining on cgminer
Sorry but prices in BTC/DOGE are subject to change, I have to pay USD for all of the components here so I have to adjust for the exchange rate. Prices quoted here reflect the current exchange rates and will have to be recalculated if there is significant gain or loss of value on the markets.
Both rigs are mining away at the moment with cgminer 3.7.2, so if you want them they are basically plug-and-play, just need to be configured to point at your pools (which I can show you how to do if you are a newbie). Windows 7 is the 'trial version' so it will ask you for a validation code but it will run just fine without it. I am also willing to build and deliver fully working CUSTOM MINING RIGS at various hashing powers - 800, 900, 1200, 1500, and 2200 - for around $1.25 per kh/s (with payment up front).
Professionally I am a career educator, so I am very patient and willing to sit down with you if you are unfamiliar with crypto and explain how everything works. I will make sure that the miner I sell is configured right and ready-to-hash, and I will explain to you how to use it and how to keep it running right. I have mined scrypt coins on several different types of cards using both Linux and Windows OS, I have mined BTC using ASIC hardware, I have managed exchange accounts, qt-clients, and a futures account on ICBIT. So basically I have some knowledge and expertise I am willing to share with anyone who is interested and willing to invest some money with me for hardware.
I think that GPU rigs are still a very good investment in crypto for two reasons. At the moment the scrypt coin economy is pretty stable. 1,000 kh/s will get you the equivalent of 0.010 - 0.015 BTC/day depending on which scrypt coin you choose. There are several coins that give at least this good of a return, which is great on its own. But then add the fact that GPUs can be resold for a very good portion of the original value, and that a mining rig can be re-purposed as a workstation or gaming rig. Personally I think I can offer a really good value, and if my apartment were rated to deliver more electricity without overloading my circuits, I would be building and mining off of more cards myself.
I am also willing to buy/sell limited amounts of cryptocurrency in person - up to $1,000 USD. I have well established accounts on major exchanges so if you are looking to buy or sell without all that hassle, I can help you out.
submitted by arthurdent6 to dogemarket [link] [comments]

bitcoin Price Bitcoin Price Usd Official Video - YouTube Bitcoin price forecast for Today. BTC/USD, XBT/USD BitCoin Mining FPGA Card How to exchange Bitcoin to USD (Dollars) fast in Uniex biz with Payment Proof Coming Soon in Wallet This Generalist Investor Goes Long on Bitcoin Says USD 40K 100K Possible

In particular, Cryptoscrow offers trading opportunities for Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Zcash, Dash. They can be traded for USD, EUR, GBP, or RUB. Additionally, the variety of payment options, including cards like Visa and Mastercard, as well as wire transfers, contributes to the convenience of the service. Conversion rate for 1 PCI to USD (United States Dollar): 0.1416535 Check additional information - Pay Coin(PCI) Price/Chart/Details , Markets , Historical Data At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Buy Bitcoin with Credit Card from Trusted Service . Some time ago it was impossible to buy Bitcoin with credit card but now it’s as easy as 1,2,3. There are several easy steps you need to make to achieve the goal. No need to go anywhere to swap coins. Do this fast and easy online avoiding any hassle. PayProtocol Paycoin - US Dollar Chart (PCI/USD) Conversion rate for PayProtocol Paycoin to USD for today is $0.144033. It has a current circulating supply of 0 coins and a total volume exchanged of $1,673,099

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bitcoin Price Bitcoin Price Usd Official Video - YouTube

This video shows the historical chart of Bitcoin/USD starting year 2010 to 2019. Source: https://info.binance.com/en/currencies/bitcoin Please subscribe for ... The next bull cycle for bitcoin (BTC) may bring its price up about 2 to 5 times the price seen during the previous all-time high from December 2017, meaning it could jump to USD 40,000 - USD ... Earn $150 USD Free BITCOIN Monthly No Investment No Mining DAY#1 - Duration: 8:07. Young Earner Online 663 views. New; 8:07. Claim Upto 50 Satoshi Everytime Instant FaucetPay - Duration: 2:30. This is a box opening movie that I made of the PCI-e Extender kits that I got in the mail off of Amazon.com. ... How to BitCoin mine using fast ASIC mining hardware - Duration: 27:15. I picked up a few PCI FPGA Cards on eBay for 99p which, apparently, can mine BitCoins at a speed of 21 Ghash/s (once they're correctly configured!)

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