09-16 14:52 - 'i've been looking to invest in the crypto market, thanks god its a bit cheaper now to invest in Altcoins i want to buy my first asic miners looking to invest some good amount of my savings I found some L3+ and D3 at [link] t...' by /u/John_Nails removed from /r/Bitcoin within 57-67min
''' i've been looking to invest in the crypto market, thanks god its a bit cheaper now to invest in Altcoins i want to buy my first asic miners looking to invest some good amount of my savings I found some L3+ and D3 at [link]1 they are in stock and im looking forward to buy there as they have good prices and avability ''' Context Link Go1dfish undelete link unreddit undelete link Author: John_Nails 1: *w*.**ore*ntmi*er.com/pro*uct/bi**a*n-an*miner-*3*us*d Unknown links are censored to prevent spreading illicit content.
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The next XVG? Microcap 100x potential actually supported by fundamentals!
What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why: Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network. The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership. The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI. ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil. Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets. 100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”. Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy. I am super bullish on this coin for the following reasons:
Only $400k market cap
Supply started at zero, so there are no VC’s and team to dump on you into the pumps - all coins are mined into existence, just like Bitcoin.
It just had its first halving, reducing emission from 16 to 8 per block. Between now and 2028 there are FOUR (!) more halvings, from 4 to 2 to 1 and then finally 0.15 (I guess that would be an 85%-ing :p) and at this point the supply is the same as BTC and stays in sync forever until the last coin is mined in 2140. This simple supply curve is already accepted by the market as a winner, so why mess with success? (I)
Meets Andreas Antonopolous’ 5 pillars of open blockchains test: Public, Open, Borderless, Neutral, and Censorship Resistant. (How many coins can say this?)
Unlike Bitcoin, Epic created a multi-algorithm approach that enables people to mine on ordinary computers - 60% for CPU on RandomX, 38% for GPU on ProgPow, and 2% for ASIC’s on Cuckoo31+. The algorithms don’t compete with one another. This is essential for leveling the playing field and preventing massive farms from dominating. These percentages can change over time and new algorithms can be easily dropped in. You can mine today using an old laptop and in 5 years you will still be able to. Incidentally, there is nothing standing in the way of adding mobile phone-based mining, which ETN showed there’s a huge demand for.
Based off the excellent Grin codebase, which means they continue to pull in ongoing core code enhancements and focus on ease of use and market penetration instead. (Smart!)
Litecoin’s Charlie Lee is out there daily talking about their move to Mimblewimble, which provides free publicity. What people don’t realize is that you can’t just bolt on Mimblewimble to a legacy blockchain, that’s like putting a Ferrari engine into a school bus - it’s still a school bus, not a race car! LTC is doing it as an optional soft fork via “extension blocks” which will not be supported by all wallets and exchanges. Also, anyone using “optional” privacy features is declaring themselves to be suspicious, which kind of defeats the point for people who care about privacy.
The community is friendly and welcoming to new people coming in, with lots of helpful (independently created) tutorials and guides. (F)
It’s already a global phenomenon, with the whitepaper in 20+ languages (G) and (not bot-infested) active local-language communities on not only Telegram but also Wechat, LINE, QQ and other messenger platforms.
It’s only on two random little exchanges currently, Citex and Vitex. Vitex is actually a pretty good DEX with no KYC and a great mobile wallet.
They are very creative - since centralized exchanges want huge money to list, they created a non-inflationary ERC20 tracker token that’s exchangeable 1:1 for coins so that Uniswap trading is possible (H)
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to. This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
RX5700 GPU mining rig vs ASIC miner A10 for Ethereum mining !?
https://preview.redd.it/9txedwr1wy251.jpg?width=1920&format=pjpg&auto=webp&s=e91116819600b605ffca6ce830fdd582d3965466 I want to clear out the air about Ethereum mining. The GPU mining vs Asic mining, is Ethereum now Asic mining Algorithm. Can RX5700 most efficient Graphic cards for ETH mining Compete with Asic miner A10. For the last day i have been working on some stats and ROI for 2 types of investment for 12xGPU RX5700 MineBox 12 mining rig and Innosilicon A10 ETH ASIC miner. My goal was to let the data speak about it self and then make a decision what is better investment for ethereum mining GPU or ASIC. Im compering 2 most efficient miners :
ASIC miner Innosilicon A10 , costs 3000usd(specs. 500mh/s at 860w)
Miner price is about the average would it cost to you 12xGPU mining rig might cost you 100-300 cheaper if you would build one yourself. Innosilicon A10 would cost you lot more if you would like to import it out of China. Price would be closer to 3500euro + you would need to buy power-supply for it. I have created google spreadsheet and inserted the GPU data and performance by the current currencies price and mining profitability. Included also my thoughts about advantages and disadvantages using GPU or Asic miner: https://preview.redd.it/mojtvv7yvy251.jpg?width=1234&format=pjpg&auto=webp&s=f3384599287ea15a4b6f92ffb973a4019330bdca Opinion based on mining profit data. We can see that MineBox 12 ROI if electric price is free or very cheap is faster then ASIC miner A10. And even at 0.10c a kw/h at current Ethereum price there is only 80day difference on Equipment payback time. But the biggest thing is for example when your miners are paid back your investment. You still are available to resell your MineBox 12 hardware for other use case or just mine different coins. Where with Innosilicon A10 you can throw it into bin as soon as ETHASH coins are not profitable to mine. This is the biggest downside of Asic miners. So to answer your question is ETH asic mining coin. My answer would be Yes ASIC miners are slightly more profitable , BUT they are not worth the risk you are getting by buying one. Also you can see clearly that GPU miners has lot more advantages then Asic miners. The difference on ETH miners are not so noticeable then like it was Bitcoin GPU vs ASIC mining. There is still profit to be made with GPUs mining ETH. If ETH switches to new POW ProgPOW , again another benefit for GPU rigs as the same GPUs are quite efficient mining ProgPow. Buying and Asic miner there is to much risk, saying from experience. Have lost a lot of money, my last adventure bought 5xAntminer S17 back in November and 4 of them hashing boards stopped working after 1st week. Not counting the previous purchases Antminer D3 etc.. Let me guys know what you think about this, would your rather use ASIC miner for mining ETH of GPU miner? video : https://www.youtube.com/watch?v=YgVl7pDkkwg&feature=youtu.be
I’ve been systematically buying bitcoin over the last year. Now I’d like to start mining. I’ve been reviewing various ASICs and even found some mining software for my Linux computer. My question is, should I order the equipment and such, how do I actually go about the mining process? Also, would it be hasty to immediately start with an ASIC or should I start out mining via GPU? And if so, how would I go about the actual mining process.
CryptoDiffer teamHello, everyone!We are glad to meet here:Max Freeman (@maxfreeman4), Project Lead at Epic CashYoga Dude (@Yogadude), PR&Marketing at Epic CashXenolink (@Xenolink), Advisor at Epic Cash Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here! Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here! Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us! CryptoDiffer teamLet`s start from the first introduction question:Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash? Yoga Dude PR&Marketing at Epic Cash Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing. I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially. Xenolink Advisor at Epic Cash Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to u/Tetsugan and u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers! Max Freeman Project Lead at Epic Cash I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level. CryptoDiffer team Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:) Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one? Max Freeman Project Lead at Epic Cash I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly. There are some great short videos on our YouTube channel https://www.youtube.com/channel/UCQBFfksJlM97rgrplLRwNUg/videos that explain why we believe we have created something truly special here. Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange. Yoga Dude PR&Marketing at Epic Cash Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility. Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved. Xenolink Advisor at Epic Cash To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry. To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone. CryptoDiffer team Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months? Yoga Dude PR&Marketing at Epic Cash Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content. We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money. You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages Max Freeman Project Lead at Epic Cash Our future development roadmap will be published soon and includes 4 tracks: Usability Mining Core Protocol Ecosystem Development Core Protocol Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020 Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020 Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a Usability GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020 Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020 Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a Mining RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin. Ecosystem Development Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a Xenolink Advisor at Epic Cash From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide. CryptoDiffer team Great, thank you for your answers, we now can move to community questions part! Cryptodiffer Community You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC? Max Freeman Project Lead at Epic Cash The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part. Cryptodiffer Community To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from? Xenolink Advisor at Epic Cash Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project. Cryptodiffer Community Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you! Yoga Dude PR&Marketing at Epic Cash First, I must admit that I am still a huge fan and HODLer of Monero. That said: ✅ our blockchain is MUCH lighter than Monero’s ✅ our transaction processing speed is much faster ✅ our address-less blockchain is more private ✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU Cryptodiffer Community
the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash
This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community $EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future? Who is Epic Biggest competitors? And what’s makes epic better than competitors? Xenolink Advisor at Epic Cash We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity. Cryptodiffer Community What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Yoga Dude PR&Marketing at Epic Cash Since we are a community project, we have many developers, in addition to the core team. Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks. We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked. Cryptodiffer Community EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges? Xenolink Advisor at Epic Cash In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well. Cryptodiffer Community What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment? Max Freeman Project Lead at Epic Cash Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic. With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash. As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability Cryptodiffer Community Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ? Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors? Max Freeman Project Lead at Epic Cash RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware. Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses. Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware. The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved. Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem? Xenolink Advisor at Epic Cash Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic. Cryptodiffer Community I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto? What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ? Yoga Dude Pr&Marketing at Epic Cash Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential. The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers. The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique Cryptodiffer Community Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI? Yoga Dude PR&Marketing at Epic Cash We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on. Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way. Cryptodiffer Community If you could choose one celebrity to promote Epic-cash, who that would be? Max Freeman Project Lead at Epic Cash I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences. I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today. Epic Cash will have its OWN Celebrities Cryptodiffer Community How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it? Xenolink Advisor at Epic Cash Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin. Cryptodiffer Community what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ? Max Freeman Project Lead at Epic Cash There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make. Cryptodiffer Community Q1 : What are your major goals to archive in the next 3–4 years? Q2 : What are your plans to expand and gain more adoption? Yoga Dude Pr&Marketing at Epic Cash Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁 We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting. Cryptodiffer Community It seems to me that EpicCash will have its first Halving, right? Why a halving so soon? Is a mobile version feasible? Max Freeman Project Lead at Epic Cash Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140. Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining. Cryptodiffer Community What markets will you add after that? Yoga Dude PR&Marketing at Epic Cash Well, we are aiming to have ALL markets Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry) We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages. Epic Cash is More than Money and its for Everyone. Cryptodiffer Community Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins? Max Freeman Project Lead at Epic Cash With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert https://www.youtube.com/watch?v=0blbfmvCq\_4 explains better than I can. Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises. Cryptodiffer Community What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment? Xenolink Advisor at Epic Cash Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash. Cryptodiffer Community
You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well. Cryptodiffer Community Do EPICs in 2020 focus more on research and coding, or on sales and implementation? Yoga Dude PR&Marketing at Epic Cash We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy. In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC. Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters. Everyone with skin in the game gets the benefit of advancing the cause. Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content — https://www.youtube.com/watch?v=XtAVEqKGgqY a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this Cryptodiffer Community I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex? Let’s talk about the economic model, can EpicCash comply with the concept of value reserve? Max Freeman Project Lead at Epic Cash In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like ngrok.io, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader. We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here: https://medium.com/epic-cash/the-freeman-family-e3b9c3b3f166 Max Freeman Project Lead at Epic Cash Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project. Xenolink Advisor at Epic Cash Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at https://t.me/EpicCash . Yoga Dude Pr&Marketing at Epic Cash Thank you, CryptoDiffer Team, and this wonderful Community!!! Cryptodiffer TEAM Thank you everyone for taking your time and asking great questions Thank you for your time, it was an insightful session Spread the love
Got this weird DM on reddit idk what this guy is up to have any of you ever heard of this https://tradeoptiongains.com Site? u/mikerobin25 Mikerobin2501:52 AM Hello there IDEKMyUsername09:34 AM Howdy Mikerobin2509:47 AM How's it going? IDEKMyUsername12:13 PM Not bad. What's up Mikerobin2512:36 PM I'm doing quite alright, How about you? IDEKMyUsername12:53 PM Not bad Mikerobin2501:39 PM Well, I don't mean to intrude but are you familiar with the term "cryptocurrency", Bitcoin to be precise? IDEKMyUsername03:10 PM Yes Aye Mikerobin2503:25 PM Well, I'm at the moment engaging in an outreach aimed at expanding the clientele of my platform and enlightening the populace on the monetary potential of bitcoin trading and mining. Would you be interested in this? IDEKMyUsername03:26 PM Uh yeah sure I can look into it. What does it include? Mikerobin2503:28 PM Are you familiar with the term "Bitcoin trading"? IDEKMyUsername03:29 PM Yeah somewhat Like selling and buying it? Mikerobin2503:33 PM Well, Bitcoin trading is the process of making profits by buying Bitcoin at a low cost and selling it when the price goes up, This method is referred to as Dollar Cost Averaging(DCA). The Bitcoin trade is volatile, and price move by a significant margin. This activity is done on trading platforms. Are you following? IDEKMyUsername04:07 PM Yep gotcha so far Sorry had to pickup a call Mikerobin2506:51 PM No problem mate. Every platform has an investment procedure and ROI method. Unlike other platforms that engage in day trading (profiting from the volatility of bitcoin which is inefficient), My platform is registered with S9 ant miners that mine the bitcoin you invest to increase exponentially and that’s how you earn profits. Have you heard of the term "Bitcoin mining"? IDEKMyUsername06:52 PM Yes I have Mikerobin2506:57 PM Good. For clarification, Bitcoin mining primarily involves generating and earning off the confirmation of blocks of transaction on the network such as the Blockchain network. This is made possible with the use of special and sophisticated devices called the Bit main devices, Such as the AntMiner S9 and ASIC hardware. These devices are extremely expensive to maintain and require a lot of electricity generation and technical expertise which makes it rarely an option for private individuals who are interested in going into Bitcoin mining. But my platform has been able to provide for this disability. Are you following? IDEKMyUsername06:57 PM I feel ya Yes Mikerobin2507:01 PM Moving on, My platform operates a full S9 Antminer farm. The Antminer s9 has a hash rate of 12.93TH/s which is -+ 7%, Which could generate a ROI of 0.5 BTC within an investment period depending on the investment capital. Note: ROI stands for return of investment while hash rates a measure of how many times the network can attempt to complete this puzzle every second. This means that hash rate is a good indicator of the Bitcoin network's health. Do i still have your attention? IDEKMyUsername07:02 PM Yes Mikerobin2507:05 PM Finally, All investments are made and monitored by the client (you) on the platform's website as you earn profits daily and you can contact me a "Broker" on the platform whenever you need assistance or more information. https://tradeoptiongains.com IDEKMyUsername07:05 PM Hm U have a history of wise investments? I mean don't really know you so not like your a "professional" of any means Mikerobin2507:06 PM Certainly We've been running for a span of 4 years now with optimum services provided IDEKMyUsername07:38 PM oh wow gimmie some more deets? how much money would I expect if i put a quick g bar in? IDEKMyUsername07:53 PM hm? Mikerobin2507:54 PM An investment of $1000 amounts up to the standard ROI stated above which is 50% of 1 bitcoin. Apologies for the late reply, Was attending to a client of mine. IDEKMyUsername07:55 PM so invest of about $1000 would give ruffly 5? nah ur good fam like how I go about that tho u know cause isn't bitcoin like kind of high right now? Mikerobin2507:57 PM Yeah though it would have been more profitable if you had started earlier when it was cheaper but you should be expecting more returns due to the halving coming up. https://www.bitcoinblockhalf.com/ IDEKMyUsername07:58 PM how high you think its going to get? Mikerobin2507:59 PM Its a highly speculative asset but from my experience and following it's previous halving events, Probably 15-18k. IDEKMyUsername08:01 PM oh jeez thats like as big as the big boom right? how you know its gonna do that? and what if it doesn't lol? do I just l;ose it all Mikerobin2508:05 PM Exactly. If it doesn't, It would remain at its breaking point of 9k or peak point of 10k but i highly doubt it doesn't pump(rise) based on past halving events. You can simply get started by creating your personal account on the platform by which you can start by purchasing bitcoin and you can do this by clicking on the "Register" icon to get started. IDEKMyUsername08:05 PM hmmm idk Kinda need some more security u know what I mean? Mikerobin2508:08 PM I understand. Loses are only made when you sell off, You money remains intact whether it rises or falls as long as you don't sell but your ROI is fully attained on your account on the platform. IDEKMyUsername08:09 PM o Mikerobin2508:10 PM Indeed Mikerobin2508:20 PM Any more questions? IDEKMyUsername08:20 PM uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh no Mikerobin2508:22 PM Okay then, I'm available here if you're interested and need my assistance Enjoy the rest of your day. IDEKMyUsername08:25 PM o ok Yesterday Mikerobin2501:48 PM https://www.fxstreet.com/cryptocurrencies/news/breaking-bitcoin-price-takes-down-9-000-as-10-000-beckons-202004300334 https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-gold-oil-2020-best-performing-assets-a9492641.html IDEKMyUsername01:51 PM O I bought it Mikerobin2501:51 PM Pardon? IDEKMyUsername01:52 PM I bought one Mikerobin2501:52 PM On what platform? IDEKMyUsername01:54 PM I'm idk the one u sent me Um* Mikerobin2501:55 PM Really? When did you do this and why wasn't i informed? Today IDEKMyUsername10:19 AM Oh like last last night I thought it was expected U sent me the link and everything ;( Mikerobin2510:22 AM You would have informed me so i can enlighten you more on the procedure. Are you aware that it's a mining platform and you earn profits as an investor? IDEKMyUsername10:23 AM Yah so what would profit be ya reckon? For let's say $1000 over liek a year Mikerobin2510:24 AM What name did you use in registering the account? IDEKMyUsername10:24 AM Uh I'd have to look it up But how much profit did u say it would be about? Mikerobin2510:27 AM 0.5 BTC a month depending on your investment capital that is, I would need the name of your account to register it under my personal database so i can provide you with information and assistance when needed. IDEKMyUsername10:28 AM O damn that's some big bucks right there .5 btc like what 4g? 4 times 11 that's $44,000 a month Mikerobin2510:30 AM How much did you invest and what is the name of your account? Your profit is calculated in respect of your investment capital IDEKMyUsername10:31 AM Like 11grand Mikerobin2510:31 AM And the name? IDEKMyUsername10:31 AM Mmmm How do I find it? Is there a way on the site Mikerobin2510:31 AM What name did you use in creating the account? Didn't you register? IDEKMyUsername10:32 AM Oh like my irl name I thought u meant like a username Mikerobin2510:32 AM Username is what i mean IDEKMyUsername10:33 AM It's gonna be under Jeffery Henderson Jeffery L. Henderson Mikerobin2510:35 AM Okay, Give me a second to record it and ascertain your expected profit. IDEKMyUsername10:35 AM Sick Did u find my account? Mikerobin2510:41 AM I can't find your records on the platform, Maybe a technical difficulty. Could you please sign in and send me a screenshot of your funds deposited through discord please? IDEKMyUsername10:41 AM So tell me mike Where's the cash? Mikerobin2510:41 AM Pardon? IDEKMyUsername10:41 AM You lost it, oh you misplaced it. Now mike you know I don't like to be lied to right? Mikerobin2510:43 AM Since i can't find your account on the platform, I guess that's the ending of our conversation. Good day. IDEKMyUsername10:43 AM So why THE FUCK ARE YOU LIEING TO ME Mikerobin2510:44 AM Prove that you have an account on the platform by sending a screenshot IDEKMyUsername10:44 AM I cannot I did it on Computer Mikerobin2510:45 AM The sign in through your phone, Do i seem like a fool to you? I have a lot of clients to attend to and i don't have time for games IDEKMyUsername10:45 AM I ain't the I one that took another man's money and now can't find it You don't have other clients Let's not play games here How do I get my money out of this depreciating asset? You better help me get my money out of this or were going to have a major issue Mike... IDEKMyUsername11:16 AM U serious rn bro? Ur gonna scam me out of my 💰 ? A day will come when you think yourself safe and happy,. But suddenly your joy will turn to ashes in your mouth. and you'll know the debt is paid IDEKMyUsername08:01 PM Br You still my 11 grand Stole What's your name Tell me Or I'll find you
https://preview.redd.it/z0xjotzxta451.png?width=724&format=png&auto=webp&s=a0c223a017dd58aa54d506e51d041f5820db4a3b Everyone from time to time has an interest in entering into a variety of investments with the aim of earning income from their home or comfort as long as they do not have to go through an inefficient employment system. This is the result of technological developments around, and to achieve this, many fall victim to con artists who promise a platform to get a comfortable income. Today I will introduce the ICO IQ cash project, one of the PLATFORM THAT ALLOWS YOU TO GET IN YOUR COMFORT.
What is IQ cash
IQ Cash is a cryptocurrency that may be used to run and increase further exposure to what has been offered. Making it is to remove from where to stop because it has been made and decided to go further because it was not possible. IQ can be used to get a place that has to be part of this trend, even if we are looking for an open place where investors can do the same with other investors. The aim is to give everyone not agreement about most and at least ROI in 300% or more of you in passive form. The IQCash company is truly unique because it will allow users to get the maximum return on investment. IQ cash is a company that will be able to combine the best and most perfect opportunities to lead exchanges in the cryptocurrency market. With IQ network Masternode you can avoid a variety of situations, problems, and unusual problems, and such a process will eliminate any deficiencies. The IQCash platform is also suitable for traders who already have experience in their activities, and of course for novice traders who have just entered the door of buying and selling crypto. No one will experience problems, everyone will only admire sales using IQCash. Learn more — http://iq.cash.
Why I chose to take a position on IQ. Cash?
Because there are many kinds of benefits for investors. except for profits up to 300%, I will be able to introduce all profits to investors. 1. Security Cryptocurrency now has a variant of active users in the world and also the number is growing rapidly! User accounts cannot be blocked, and funds cannot be accessed by anyone but the owner. 2.MASTERNODE Iq. Cash uses the consensus of the PoW algorithm with the support of the Masternode system. This makes the project economically attractive to mine 43% and provides 57% of passive income for Masternode holders. Masternode provides network integrity, transaction anonymity, and transaction speed. ways to get Masternode: You must take the position of 3000 IQ. 3. ANONIMITY The anonymity of transactions in the system is provided by the PrivateSend algorithm. Users can trust the system completely. they don’t need to worry about third-party access to data because the system encrypts data securely when transferring and receiving assets. 4. ASIC RESISTANCE Technology that solves problems accelerates the expansion of network complexity significantly when using ASIC (compared to CPU usage). IQ Cash Network uses the NeoScrypt algorithm to solve this problem. 5. TRANSACTION speed High-speed transactions are guaranteed by InstantSend data exchange across networks. The transaction time is about 5 seconds. 6. IQ Network decentralized. Cash implies weaknesses to create sites that combine the dominant influence on other network members. Effects on coins that are excluded due to their release are prohibited, and extra emission is not provided.
Buy 3,000 IQ or better 3001 because 1 is spent on commission transactions.
Download the Files application (Android or iOS) for mobile devices Open IQ. Cash Coin Purses in the application.
Enter 3,001 IQ in the wallet and create a MasterNode server and deposit. Pay for hosting service providers on Flits.
You will be charged EUR 1.99 per month, get profit and spend on your needs or create the next MasterNode to extend profits in line with the number of MasterNode!
How do I buy cash IQ
Go to the acquisition page and you will see an open window where you will pay the amount of coins you want to shop for. You don’t need to worry about the next steps because we will arrange the rest by buying IQ coins. Cash and FLS (to close Flits services) from the exchange.
Fill in «IQ wallet address» and «FLS wallet address» in the Flits application.
get a package. One package includes 3000 IQ. Cash and Bitcoin services for Flits for five months. When the cash transfer is complete, open the IQ-MasterNode window and make it comparable to the coins purchased (3000 IQ for 1 MasterNode).
activate MasterNode and get profit. You will follow the current exchange rate on the Flits application or with any crypto trading coins.
Wallets and Exchanges:
The IQ cryptocurrency wallet is available on all three Windows, Mac and Linux platforms.
• Algorithm: PoW, NeoScrypt (ASIC resistance) • Block time: 120 seconds • Prizes per block: 25 IQ • Block Block Reward Distribution: 57% to Masternodes and 43% to Miners, both taken from the formula (Reward-6%), where 6% is reserved for the DAO system • Block rewards can be sliced 12% every year • Max coins: 56 900,000 IQ • Premine: 7 900 000 IQ • Mining within 25 years
IQ.cash has studied the crypto market well enough to draw the model. This uses the mining system and MasterNode. The mining protocol will attract contributors exponentially while MasterNode will help ensure network speed, governance, and sustainability. Because MasterNode is also a cryptocurrency node, becoming a MasterNode on the IQ.cash system requires an investment commitment. This is a way to make a profit in this system. Investment is rewarded with a commission for each trade made by the system. This will help ensure that enough users try to become a MasterNode and thus make a profit without having to leave the comfort of their home.
Now with the recent halving, does the upcoming Antminer S19Pro make sense?
Hi Bitcoin community. This is my first post here so I want to introduce myself a bit. My name is Alex, I'm 25 years old, I live in Italy and I've been a Cryptocurrency miner since January 2017. Right now in my small mining farm I have online 2 Innosilicon S11, one Antminer A3 (All 3 mining a Blake2b coin that I've invested in), 4 Innosilicon A10 and from late 2017 till mid 2019 I had 5 Antminer S9 (14Th/s batches) running. In these days I was thinking if it is worth buying the upcoming Antminer S19 Pro from Bitmain, since as of today (19 May, 2020) with the current difficulty and price, the profit with that ASIC sits around 2,00USD/day (Assuming the power cost is 0,10USD per Kw). Also to keep in mind these new Antminers haven't been delivered yet, so the difficulty will rise even more. In my opinion, unless the minimum BTC price rises to at least the 20.000-30.000USD range, getting the S19Pro is not a great investment. What do you guy think? I'd like to hear your opinions as well.
Leads you to a comprehensive understanding of Forbes
https://preview.redd.it/1dra1br1xu351.png?width=740&format=png&auto=webp&s=925b38326cb8aa4f4b2863670ada61005ee72c4c What is the hottest blockchain project in 2020? Besides GFS, GFS is still GFS in my mind! GFS currency - the only token of Forbes cross chain blockchain! Forbes is the latest generation of blockchain, which can be said to be a new blockchain mode, or it is not a pure blockchain project. As we all know, in the era of blockchain 1.0, the bitcoin of Nakamoto brings decentralized distributed bookkeeping book, which enables human beings to have just assets for the first time; in the era of 2.0, the Ethereum smart contract created by V God makes the blockchain have divergent applications; in the era of 3.0, innovation public chains such as EOS make the application of blockchain easier to land. It will open Forbes in the era of blockchain 4.0 and create a distributed financial era of "ten thousand chain interconnection". My feeling is that Forbes is going to overthrow the traditional Internet and the classic blockchain, and reshape a financial world built directly on the blockchain. The most classic sentence on the Internet is: change your life, but it has nothing to do with you. In this way, Forbes uses the philosophy of blockchain and further technology to redo blockchain and bring blockchain to a new dimension. Today's bitcoin looks like a monument and a myth, but Forbes is using its cross chain technology and financial deployment to gently reinterpret the blockchain. Next, I will expand what you are concerned about and what I see in the form of Q & A: 1. Is it investment or speculation to participate in Forbes? Although we do not exclude speculation, there is no doubt that participating in Forbes is one of the best investment behaviors in 2020, no less than investing in bitcoin in 2013 and Ethereum in 2016. Forbes is a pure technology project, with no messy black box operation. As Forbes early deployed the ore field to facilitate the construction of cross chain system, early users can rent the Forbes BTC miner loaded with self-developed bitcoin ASIC chips by way of mortgage, with the strongest configuration on the ground. Moreover, in the process of mining, the early nodes do not even need to pay a penny, only mortgage deposit can deploy the physical miner. The income obtained can also participate in the early stage node plan carried out by Dao organization, and part of the income can be converted into GFS through Forbes wallet. And the deposit is not a routine, all the mortgage deposits will be locked in the chain. With the shortening of the lease term, each day will be returned to the user's wallet through the "deposit smart contract", without any centralized individual and organization participation in the whole process. In this way, it is equivalent to zero risk investment! After all, Forbes, with its cryptology and open source spirit, is inherently powerful. What Forbes wants to change is the life of centralization! And then there's no more. Jane is not simple. 2. Why do you like Forbes? Very simple, blockchain 4.0 First of all, let's not talk about anything. Forbes has solved a problem - mining hegemony. In the past, blockchain seems that nodes can enter and leave freely, but in fact, it needs a huge threshold to become nodes and obtain mining rewards. Whether it's bitcoin, you need to buy very expensive and complex mining equipment (ASIC miner), or EOS, Tron and other POS projects, and you need to hold a large number of coins to be elected as nodes. All in all, most of the current blockchain systems need very high mining costs, which in essence violates the principle of zhongbencong's blockchain design. The powerful thing about Forbes is that it creatively constructs dpoc as a consensus mechanism of trunk chain (main chain). Dpoc is a kind of common understanding of POC. There is no big deployment threshold for mining with hard disk miner. As a result of the consensus between Forbes blockchain Multi Chain Design and dpoc, all mining machines that do not have the relay chain node selected can pack the interaction information between the parallel chain and the relay chain, and can also obtain the block reward. In essence, such a design realizes Zhongben Cong's idea that everyone can dig. Let alone Forbes to build a mine pool, to build the strongest mining machine that can dig out the Forbes token GFS. With this in mind, which blockchain product can match. Layout of Forbes The vision of Forbes: to build the most universal distributed financial system in the world, driven by Forbes, the most widely used cross chain system in the world. I saw two key words: cross chain, distributed Finance Cross chain is the most urgent problem in current blockchain ecology. In the past 10 years, various blockchain systems have been deepening in security and performance, but no progress has been made in chain and chain scalability. As you can see, the chain and the chain is an island. Can EOS players and wave players break the bond? In the human financial life, transaction, loan, personal credit, supply chain finance, stock, commodity... They are directly full of interaction and connection. It can be said that human beings are dealing with all kinds of transactions all the time. Can the isolated blockchain really solve the problem? Forbes is born to be a global distributed financial system and truly a financial ecosystem. Imagine what a change it would be if you could smoothly carry out blockchain financial activities with foreign small partners. This pattern is too big for me to say. But please believe that if this is done, it can be described as a complete disaster. https://preview.redd.it/ee15vfv8xu351.png?width=1450&format=png&auto=webp&s=b36e2aa2548e0320b127d30e67d28511a666b30b 3. Is it better to mine or invite new people? Since this is my experience interpretation, I think: invite, boldly invite new people. Every time you invite one, you add a certain amount of calculation power. It's good to mine in Buddhism, but if you can participate in the birth of a great project, you can get more profits. Why not? Let's take a different perspective: now that you recognize Forbes, you recognize its value. Or you're not going to dig, are you! So, why can't we add more yards! Since we are trying to change our destiny, this is the highest lever. If it does, which lever can be bigger than Forbes! So, invest money or energy, and do what you can. 4. Do I want to join the Forbes pool project? Do you want to do it. They all recognize the value, so they can download the application directly. My original intention: First of all, GFS coin is a new mining model - POC hard disk mining that "everyone can dig, everyone can benefit". It avoids pow (proof of work workload) which is a large power consumption mode. In the initial stage of the main network online, Forbes opened the mine pool plan, leasing the mine machine at zero cost, becoming the earliest node of blockchain 4.0 representing the project, and obtaining the maximum benefit. Why not? You know, GFS production is also halved in four years. To dig now is to dig bitcoin before 2013, without cost. Secondly, in this stage, we can also increase the number of invited nodes. After the completion of the mining pool plan, we can only rely on hard indicators to increase the computing power. Now we can also rely on our efforts to get more profits. Therefore, in the face of equal opportunities for all, this is a great opportunity to take the initiative. Still hesitant? 5. Blockchain is my knowledge blind area. What can I do if I don't understand cross chain knowledge? First of all, you have to ask you, this is the excuse you don't want to get wealth? Not only Forbes is your knowledge blind area, but blockchain is a knowledge blind area for ordinary people. However, you should know that in 2020, the State advocates blockchain, the central bank DCEP has been put into trial operation, and blockchain has been applied in many aspects. Are you still in your blind spot? Of course, it's not good to pull the national flag. Let's talk about something practical. Opportunity always appears in new things. Ask, what's the matter with you, a solidified model? You have money or connections. I believe that choice is more important than effort. A road, if we choose the wrong direction at the beginning, the harder we work, the farther away we are from our goal. Therefore, the knowledge blind spot is not my problem, but whether you have a heart willing to contact new things! Among the miners I know, there is a 67 year old elder brother who has been a soldier, a factory, a traditional businessman and a cell phone. Do you still have his blind spot? 6. Will Forbes succeed? To be honest, I don't know. But I know that it is the blockchain project that I hope to reach the most in 2020. For details, please refer to the second question, why I like Forbes. If you really question Forbes, you can choose to only participate in the "miner Alliance Plan" and choose to mine at zero cost. No matter how the Forbes project progresses, you can get the benefit of mining without cost. Why not? Besides, when the Forbes project is really implemented, you can decide whether to invest in GFS. I'm sure you will have your own judgment at that time. 7. What is the most important thing to dig GFS? Insist, insist, or insist. We must make full use of our efforts in the earliest planning activities of the mine pool. After all, mining at zero cost + inviting to increase the calculation power and increase the support in the wet season. At this stage, we must dig more coins and exchange more for GFS. Maybe the reward coins you dig out in three months can't be found in a year after you try to buy hard disk mining machines for nodes. https://preview.redd.it/wi81roocxu351.png?width=750&format=png&auto=webp&s=0cd677f420071cfad942e426d4b415165915c2d0 8. There are so many people who rent mining machines first. Do I have a chance? People die more than people, and goods are thrown away more than goods. Don't compare with others, just be yourself. God said, I can fulfill your one wish, but I will give you twice as many neighbors. You will choose 10 million positive choices, Or one less arm in the dark? Mining is like this. Those old miners are your neighbors. Dare to own 10 million good, do not think about neighbors than you 10 million. Is that right? And when there are 10000 GFS, do you still want someone to have 100 more than you? 9. How much is GFS worth? To be honest, I don't know. The number of GFS is 21 million bitcoin, and the price of bitcoin is about 60000 yuan. The GFS main network has just been launched. In some markets, its price has increased more than 10 times in five days, far exceeding the price of bitcoin before the half reduction. The miners who rent mining machines in advance are blessed. As for the future, with the start of the implementation of blockchain financial facilities this year, GFS must be just the beginning. Where is the top? We witnessed it together. 10. Which do I want, kusd or usdt? For now, it doesn't matter which one you use. Although usdt has a lot of potential risks, there are still many people using it. However, we all know that it will have a thunderstorm sooner or later. As a cross chain gold stable currency, when cross chain finance begins to integrate into public life, kusd will show its power, which is better than issuing a usdt once in a chain. Moreover, more than 95% of the value of each kusd is based on gold, which can be exchanged by major gold exchanges in the world. The stability of gold. Have you seen it clearly in this epidemic? This is beyond the dollar.
Hey shibes, I see a lot of posts about mining lately and questions about the core wallet and how to mine with it, so here are some facts! Feel free to add information to that thread or correct me if I did any mistake.
You downloaded the core wallet
Great! After a decade it probably synced and now you are wondering how to get coins? Bad news: You don't get coins by running your wallet, even running it as a full node. Check what a full node is here. Maybe you thought so, because you saw a very old screenshot of a wallet, like this (Version 1.2). This version had a "Dig" tab where you can enter your mining configuration. The current version doesn't have this anymore, probably because it doesn't make sense anymore.
You downloaded a GPU/CPU miner
Nice! You did it, even your antivirus system probably went postal and you started covering all your webcams... But here is the bad news again: Since people are using ASIC miners, you just can't compete with your CPU hardware anymore. Even with your more advanced GPU you will have a hard time. The hashrate is too high for a desktop PC to compete with them. The blocks should be mined every 1 minute (or so) and that's causing the difficulty to go up - and we are out... So definitly check what is your hashrate while you are mining, you would need about 1.5 MH/s to make 1 Doge in 24 hours!
Let us start with a quote:
"Dogecoin Core 1.8 introduces AuxPoW from block 371,337. AuxPoW is a technology which enables miners to submit work done while mining other coins, as work on the Dogecoin block chain." - langerhans
What does this mean? You could waste your hashrate only on the Dogecoin chain, probably find never a block, but when, you only receive about 10.000 Dogecoins, currently worth about $25. Or you could apply your hashrate to LTC and Doge (and probably even more) at the same time. Your change of solving the block (finding the nonce) is your hashrate divided by the hashrat in sum - and this is about the same for Doge and LTC. This means you will always want to submit your work to all chains available!
Mining solo versus pool
So let's face it - mining solo won't get you anywhere, so let's mine on a pool! If you have a really bad Hashrate, please consider that: Often you need about $1 or $2 worth of crypto to receive a payout (without fees). This means, you have to get there. With 100 MH/s on prohashing, it takes about 6 days, running 24/7 to get to that threshold. Now you can do the math... 1 MH/s = 1000 KH/s, if you are below 1 MH/s, you probably won't have fun.
Buying an ASIC
You found an old BTC USB-miner with 24 GH/s (1 GH/s = 1000 MH/s) for $80 bucks - next stop lambo!? Sorry, bad news again, this hashrate is for SHA-256! If you want to mine LTC/Doge you will need a miner using scrypt with quite lower numbers on the hashrate per second, so don't fall for that. Often when you have a big miner (= also loud), you get more Hashrate per $ spent on the miner, but most will still run on a operational loss, because the electricity is too expensive and the miners will be outdated soon again. Leading me to my next point...
You won't make money running your miner. Just do the math: What if you would have bougth a miner 1 year ago? Substract costs for electricity and then compare to: What if you just have bought coins. In most cases you would have a greater profit by just buying coins, maybe even with a "stable" coin like Doges.
Okay, this was a lot of text and you are still on the hook? Maybe you are desperated enough to invest in some cloud mining contract... But this isn't a good idea either, because most of such contracts are scams based on a ponzi scheme. You often can spot them easy, because they guarantee way to high profits, or they fake payouts that never happened, etc. Just a thought: If someone in a subway says to you: Give me $1 and lets meet in one year, right here and I give you $54,211,841, you wouldn't trust him and if some mining contract says they will give you 5% a day it is basically the same. Also rember the merged mining part. Nobody would offer you to mine Doges, they would offer you to buy a hashrate for scrypt that will apply on multiple chains.
Maybe try to mine a coin where you don't have ASICs yet, like Monero and exchange them to Doge. If somebody already tried this - feel free to add your thoughts!
Folding at Home (Doge)
Some people say folding at home (FAH - https://www.dogecoinfah.com/) still the best. I just installed the tool and it says I would make 69.852 points a day, running on medium power what equates to 8 Doges. It is easy, it was fun, but it isn't much. Thanks for reading _nformant
White Paper, Miner, Pizza … | "Old Objects" in the Cryptocurrency Museum
https://preview.redd.it/giu1ssilga151.jpg?width=900&format=pjpg&auto=webp&s=41510785ccdc0d99544ec74229f62427d1c0ce3e Museum has played the role of a time recorder. Talking about bitcoin, more than ten years has passed since the creation of it. Although it is uncomparable to the stock market with a hundred years of history, during the ten years, in the different stages of the development of bitcoin and blockchain have continuously poured in geeks, miners, speculators, newbies, leaving keywords such as sudden rich, myth, scam, belief, revolution, etc. There are also many “old objects” with stories in the “Museum” of the cryptocurrency realm. On Museum Day, let ’s review the stories brought by these “old objects”. The First Digital Currency White Paper — Bitcoin White Paper On Oct. 31, 2008, Satoshi Nakamoto released the Bitcoin white paper — A Peer-to-Peer Electronic Cash System in the cryptographic mail group where he belongs, and Bitcoin was born since then. A white paper is a document that explains the purpose and technology used in cryptocurrency. Usually a cryptocurrency uses the white paper to help people understand what it provides, and it is also an important information channel for investors to understand a project. Therefore, the level of the white paper affects people’s confidence towards the coin. In a word, in the cryptocurrency and blockchain industry, the value of a white paper is equivalent to that of a standard financing speech. The white paper plays a vital role in this emerging market. The First Public Bitcoin-Physical Transaction — Pizza Since Satoshi Nakamoto mined the Bitcoin genesis block on January 3, 2009, Bitcoin has only been spread among the small crowd and has not realized its value. Not until May 22, 2010, Bitcoin enthusiast “Laszlo Hanyecz” bought a pizza coupon worth $25 with 10,000 bitcoins. This is the first public bitcoin-physical transaction. Bitcoin has its price with 0.3 cents per bitcoin. This day has also become the famous “Bitcoin Pizza Day” in Bitcoin history. Bitcoin as the imagination of the financial system has more practical significance. The tenth anniversary is coming. How will you commemorate it? Will you buy a pizza? The First Digital Asset Exchange — Bitcoinmarket.com After the birth of Bitcoin, in addition to mining, the only way to get Bitcoin in the early days was to conduct transactions on forums or IRC (commonly known as Internet Relay Chat). However, this method involves both long transaction time and great security risk. In March 2010, the first digital asset exchange — Bitcoinmarket.com launched. However, due to lack of liquidity and transaction depth, it disappeared soon after its establishment, but Bitcoinmarket.com opened the era of the operation of the cryptocurrency realm exchange 1.0. On June 9, 2011, China’s first Bitcoin exchange — Bitcoin China (BTCChina) launched. Its founder, Yang Linke, translated Bitcoin into Chinese “比特币” for the first time. In 2013, China’s bitcoin trading entered the golden age, and exchanges sprung up. China monopolized more than 90% of the world’s bitcoin transactions. Now, if the top three exchanges Binance, Huobi Global, OKEx are the Exchange 2.0, then the index exchange represented by 58COIN called the 3.0 version, leading the trend. The First Generation of High-Performance Miner — ASIC Miner When Satoshi Nakamoto created Bitcoin, the only way to get it is to use computers (including home computers) to mine, mainly relying on the CPU to calculate. However, as the value of digital currencies such as Bitcoin has become higher and higher, mining has become an industry with the competition is getting fiercer, accompanied by increasing difficulty of mining. Therefore, hardware performance competition starts. In July 2012, the genius Jiang Xinyu (Internet nickname is “Friedcat”) from the junior class of the University of Science and Technology declared at the forum that he could make ASIC miners (chips). As far as mining computing power is concerned, ASICs can be tens of thousands or more higher than the same-generation CPUs and GPUs. At the beginning of 2013, Zhang Nanqian (Pumpkin Zhang), a suspended doctoral student from the Beijing University of Aeronautics and Astronautics, developed the ASIC miner and named it “Avalon”. In June 2013, the Friedcat’s miner USB was finally released, and it maintained 20% of the computing power of the entire network. At the end of 2013, Wu Jihan, used the tens of millions yuan earned from Friedcat through investment, worked together with Jenke group, to develop the Antminer S1. Since then, the miner manufacturer Bitmain began to enter the stage of history. It is no exaggeration to say that Friedcat and Zhang Nangeng have opened the domestic “mining” era. The Birthplace of China’s Bitcoin — Garage Coffee It is not only the “old objects” that record history, but also a place that everyone in the cryptocurrency realm aspires to. Guo Hongcai once said, “Without no The Garage Café, there will be no cryptocurrency realm today. Since it is a very mysterious place that all waves of people from the café joint together to create today’s digital asset industry. ▲ In March 2013, American student Jake Smith successfully purchased a cup of coffee at The Garage Café with 0.131 bitcoins. This move attracted the attention of CCTV, and it conducted an interview. Indeed, The Garage Café is the world ’s first entrepreneurial-themed coffee shop. It has been legendary since its establishment in 2011. The Garage Cafét is not only the core coordinate on China’s Bitcoin map, but also the birthplace of the Chinese cryptocurrency circle, where digital asset realm tycoons including Guo Hongcai, Zhao Dong, Li Xiaolai, Li Lin have made their ways. The development of digital currency is only 11 years old. Through these “old objects”, we review the various stories of this wave of technology together, hoping to help you understand the development process of the digital currency field. Meanwhile, I also remind all practitioners to use history as a mirror and forge ahead. Website: https://www.58ex.com/ Twitter: https://twitter.com/58_coin Facebook: https://www.facebook.com/coin.58COIN Telegram: https://t.me/official58 Medium: https://medium.com/@58coin_blog/
To put it into very simple terms, crypto mining is a process in which a machine performs certain tasks to obtain a little bit of cryptocurrency. This is the biggest TL;DR possible, so let’s branch out a bit, shall we? Imagine that you have a machine that mines crypto coins. We’ll talk about the specific types of machines later on in the tutorial, but for example’s sake, let’s just say that it’s your own, personal computer and you’re trying to figure out how to mine cryptocurrency. That is a very short and simple way of defining what is cryptocurrency mining. Now let’s move on to what you came here to see; how to mine cryptocurrency.
There are a few ways you could go about cryptocurrency mining. I’ll cover the main ones here, and start from the easiest one – cloud mining.
Method #1 – Cloud Mining
If you’re looking for crypto mining ways, cloud mining is probably the most popular way to mine cryptocurrencies without having to lift a finger. Cloud mining is a process where you pay someone (most often it’s a big corporation) a specific amount of money and “rent out” their mining machine called a “rig”, and the process of mining itself. This rent lasts for an agreed-upon period, through which all of the earnings that the rig makes (minus the electricity and maintenance costs) are transferred to your cryptocurrency wallet. The people (companies) that offer these cloud mining services usually have huge mining facilities with multiple farms (tens or hundreds of rigs stacked and operating together) at their disposal and know perfectly well how to mine cryptocurrency. Cloud mining has become so popular mainly because it offers the possibility to participate in the world of cryptocurrencies for people who might not have enough money to buy their rigs or who perhaps simply aren’t interested in owning a rig. There are two options of cloud mining – free and paid. Naturally, a lot of people that are looking for ways to mine cryptocurrency would gravitate towards the “free” options, but it does have its drawbacks (very slow mining speeds, extra conditions, etc.). Paid cloud mining usually works like this: It is usually expected that you’ll break even at around the half-a-year – one year mark, and then profit from that point onwards. No one can know for sure, though, because the prices of cryptocurrencies are very volatile and their prices tend to sway by quite a bit.
Method #2 – CPU Mining
CPU mining utilizes processors to mine cryptocurrencies. It used to be a viable option back in the day, but currently, fewer and fewer people choose this method of mining cryptocurrency daily. There are a couple of reasons why that is. First of all, CPU mining is EXTREMELY slow. You could go on for months without noticing the smallest amount of revenue. It’s also usually not worth it – you make very little amounts of money, but you probably spend ten times that amount on electricity and cooling. The problem mitigates itself by a bit if you can find a place that has nice cooling and cheap electricity bills, but that’s rarely the case. So why do people still even use CPU mining, then? Well, basically because anyone with a desktop computer could do it. All you need to be able to mine using the CPU method is just a computer and a couple of programs. It is possible to do it with a laptop, but it is VERY STRONGLY NOT ADVISED. Your laptop will probably fry and overheat in a matter of a couple of hours. The fact that it’s so easy to start cryptocurrency mining attracts new CPU miners every day. Some people that are looking for how to mine cryptocurrency don’t care about the details – they just want to start the process as soon as possible, and in any way possible.
Method #3 – GPU Mining
GPU mining is probably the most popular and well-known method of mining cryptocurrencies. If you google “cryptocurrency mining”, GPU rigs are going to be some of the first things that you’ll see. Cloud miners, for example, use GPU rigs for their services. And these guys are professionals that sometimes have hundreds if not thousands of rigs, so they probably know what they’re doing, right? GPU mining is very popular because it’s both efficient and relatively cheap. Don’t get me wrong, the construction of the rig itself tends to be costly – but when it comes to its hash speed and the general workforce, the GPU mining rig is great. GPU rigs utilize graphics cards to mine cryptocurrencies. One standard rig is made out of a processor, a motherboard, cooling, rig frame and – of course – a few (2 – 8) graphics cards.A typical price for a well-performing and nicely built GPU mining rig aims to be around the $3000 price range. It is a hefty investment but will pay off much faster than, let’s say, a CPU miner. People looking for ways to mine cryptocurrency should check them out.
Method #4 – ASIC Mining
ASICs (Application-Specific Integrated Circuits) are special devices that are designed explicitly to perform a single task, which in this case is crypto mining. ASICs are very well known and treasured because they produce insane amounts of cryptocurrency when compared to its competitors’ GPU and CPU. But if they are so good, why didn’t I mention them sooner? Well, mostly because they’re a big subject of controversy. You see, when the ASIC company announced its new version of the machine, the announcement caused an uproar in the cryptocurrency community. Many people have called for an outright ban on these machines. Why? Because ASICS are so powerful, they rob other miners who are using GPU or CPU rigs of the possibility to keep up both in hash speeds and in earnings. Also, ASICS have twisted the economy of certain specific cryptocurrencies – imagine if the majority of earnings would go to one miner with an ASIC farm, what kind of chaos that would ensue.
The Best Method to Mine Cryptocurrency
Now that you have an understanding of how to mine cryptocurrency and about all of the different ways to do it, which one is the best way? The method that suits you the most depends solemnly on a few key details: are you willing to spend some initial money? If so, how much? Do you want to OWN a rig? Do you even want to do it with a rig?
Which Cryptocurrency to Mine?
Your choice of gear should also depend on the type of cryptocurrency mining that you’ve decided to do. Some of the obvious favorites would be Bitcoin, Ethereum or Dash. Keep in mind, though, that Bitcoin mining is probably the trickiest of them all – since the coin is so popular, there are many miners around the world tuning into the few pools that there are and trying to snatch at least a small bit of Bitcoin. This might result in you waiting for countless hours until the first drops of Bitcoin start coming in. Keeping that in mind, your best bet would probably be to stick with Ethereum or some other less-popular cryptocurrency. Depending on your method of choice, check out the prices, calculate when your return on investment would happen, do some math and you’ll figure it out in no time!
As you’ve probably noticed, there are many different ways on how to mine cryptocurrency. These are simply the main methods – if you’d like, you could even forget about mining and jump into Bitcoin faucets – but that’s a whole different story for a whole different day. But it’s an option! One thing that you should not only remember, but also do right away is to create a cryptocurrency wallet. Decide on the type of cryptocurrency that you want to mine and simply look up the wallet options for that currency. You’ll have no problems finding one for coins like Bitcoin, Ethereum or Litecoin, but if you want to mine the less-known currencies, then you might need to search for a bit until you find a reputable wallet. Getting a secure and reputable wallet is the most important task when you’re starting with cryptocurrency mining. Imagine if you’d be mining for a year and all of your savings would be stolen only because you didn’t pay enough attention while choosing the wallet and picked a fishy one that got hacked into. If you’re serious and are looking for ways on how to mine cryptocurrency, I would suggest buying a hardware wallet – they are the safest and most trustworthy cryptocurrency wallets out there. Well, this is the end of my tutorial on crypto mining. We’ve covered a few different topics and explored the different varieties of cryptocurrency mining methods. Remember – the method that suits you the most will depend solemnly on what you want and what kind of resources you have, so choose carefully! If you do decide on giving mining a chance, I wish you the best of luck!
IQ.Cash Cryptocurrency - Way To Generate is good service
https://preview.redd.it/09qg35tzgdx41.jpg?width=512&format=pjpg&auto=webp&s=b45ef29b97cea3d317e54c14ee61ea5968ad4830 The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem . cash and so on. All of these unique features can help make the IQ.cash platform popular around the world. You may come to this article to find out about the massive passive income, but worth noting that you should know what it is about. Think about it, investing money to something vague is very risky. Thus, what is IQ cash? To make it brief, this is another cryptocurrency that has quite clear and potential income. Just like bitcoin, this IQcash has a potential fluctuation which increases and give great passive income through the magnificent distribution splits. It is also easy to say that IQ cash is an investment master nodes Cryptocurrency which is open for everyone. In this matter, whether it is for investors, traders, or even miners. Yes, those who are familiar with the world of cryptocurrency are the target of this project. The main task is to provide instant anonymous online payment along with the investing system. The IQ cash platform ecosystem work as DAO (decentralized Autonomous Organization. https://preview.redd.it/wgl5icd1hdx41.jpg?width=640&format=pjpg&auto=webp&s=0f0e8a7b032633c2e526f8f01bb1efc2cb659323 One thing that makes this digital money gain quite a lot of participants in the available wallets. Not a real physical wallet, but one to store all your cryptocurrency. In this case, the wallet is available for Windows, Linux, and Mac. You can choose one that fits with the equipment you have. Along with that, you can install the masternode on your home pc or Linux VPS. Your masternode will just do the earning rewards, without all the other extra features. If you want to install, you can use PC running windows Mac or even Linux. However, on VPS you have to use Linux with Ubuntu 16.04 version. Other than that, there are some requirements you have to fulfill. The first one is having a 3000 IQ or more on balance. Even 3001 coin is acceptable. Then, use only one PC for dedicated IP-address and also a 24/7 network connectivity (network loos less than 30 – 60 mins) without any interrupted operating system. Security - it is the most considered aspect of investment, as we know that investing in cyberspace is very risky. Therefore, IQ.Cash presents the security of investor accounts, where all accounts cannot be blocked and, most importantly, account funds can only be accessed by the account holder. Masternodes - how do we know IQ. Cash uses the PoW consensus algorithm that supports the Masternode system. this certainly adds to the intrinsic value of this project, which economically can add a value of approximately 43% and indirectly increases passive income by around 57% for all participants in the masternode. Masternode provides network integrity. Transaction anonymity and transaction speed. Of course, to run a masternode system, everyone can only invest 3000 IQ and then immediately enjoy the results obtained with this IQ.Cash masternode feature. Anonymity of the transaction - this is more about the privacy of the transaction itself. where users can completely trust the system. and you don’t have to worry about data access by irresponsible parties. because the system automatically encrypts data when transferring and receiving assets https://preview.redd.it/7k0i4s47hdx41.png?width=640&format=png&auto=webp&s=cc9b5ced02917e1549e9b963805785df93b332d2 The IQ.cash platform operates on the basis of the POW consensus with support for a system such as MASTERNODE. And this is very cool, since this system makes the project more interesting and attractive for crypto enthusiasts. Indeed, thanks to the MASTERNODE system, miners receive 43% from mining, and people who own MASTERNODE receive a passive income of 57%. MASTERNODE supports the network, i.e. data privacy, transaction anonymity and speed, and much more. To become the owner of MASTERNODE you need to have more than 3000 IQ on your balance sheet. Anonymity. Transaction anonymity is provided by the PrivateSend algorithm. Users can feel safe and not worry about their assets. Since this system perfectly encrypts data. Therefore, you can safely send and receive any crypto assets. ASIC RESISTANCE. This technology is struggling with such a serious problem as a significant acceleration in the growth of network complexity. IQ network . cash works on the basis of the NeoScrypt algorithm, which is struggling with this problem. High transaction speed. Such an instant transaction speed, because the InstantSend algorithm works. Just think about it, the transaction speed is only about five seconds. Absolute decentralization. Affect both participants and crypto assets of the IQ network . cash no one can. Because everything will be safe, reliable and transparent. Only requires a transaction speed of only about 5 seconds / transaction. And all transactions are done instantly, so this will provide a very efficient way of working for the users later. more and more projects have started to appear, whose actions are directed to one of the niches of our daily activities. This is excellent, we have been waiting for this for many years, but at the moment, strange as it may seem, projects aimed exclusively at the crypto industry have become a minor order of magnitude. It was simply impossible to take it. And now a project has appeared on the horizon that positions its activities exclusively as a useful product for mining companies, investors and even traders. As it turned out, the team has a work product, whose currency is traded on many major exchanges. That's good luck, I smiled and started to study the IQ.cash project and its capabilities. Go back to the main interface and choose a personal tab (bottom right corner). Then, move to the next phase by choosing the Fee & Payment tab. You will see fee balance, FLS, BTC fee deposit address, and other information. In here, copy the IQ.cash wallet address in the FLS address tab. To move on to the next stages, you should have bought the required number of IQ cash (3000 IQ cash) beforehand. You can buy the IQ cash masternode from the official sites. Official Resources Website: https://iq.cash/ Discord: https://discord.gg/qekuX6r Github: https://github.com/IQ-Cash/iqcash/releases Youtube: https://www.youtube.com/finexpo ANN thread: https://bitcointalk.org/index.php?topic=4360591 Twitter: https://twitter.com/IQ\_Crypto Telegram: https://t.me/IQ\_cash Wallets: https://iq.cash/ Explorer: https://explorer.iq.cash/ AUTHOR: Lost Stories Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2733279
That time I nearly followed my younger brother's footsteps and almost OD'd on an Opioid/Benzo mix! Maybe not the most pleasant experience for one's body, but my mind got altered forever afterward! LONG ASS POST BUT A MUST READ!
Heya guys, I wrote about this last Sunday on Facebook simply because the thought popped into my head, the thought that I had never really thought about aside from the moment I managed to put fussy bits and pieces together from what I then experienced as somewhat of a blackout but in the end realized was something entirely much larger than anything I have ever come in contact with prior or since then! I want to share this with you guys. It's maybe a difficult read at first, it going into detail about my near-death experience and one breath away from being an OD, but bear with me, it turns into something so much more if you just hang on and read what I write! This is exactly what I remember happening, how I remember it happening. Me for some reason not remembering this right away but having to work this memory as the biggest, most complex Jigsaw puzzle in the world for maybe around 3 weeks in total inside my mind in order to put everything together into a whole image I can share with you guys! The only thing you guys have to know before you read this is that 22nd November 2016 my younger brother, 18 years old, OD'd on Codeine and Zopiclone, dying an Opioid/Non-Benzo overdose. Me being woken up that morning, walking outside of my room and noticing there being around 10 both cops and EMTs on the scene. I was so confused as to what had happened that I had to see it for myself, and as I walked to the door to his room and turned my head around the corner, I saw him. My sweet baby brother lying there, cold as a popsicle, dead on his floor. My father having tried CPR for the entirety of those 40 minutes it took the ambulance to reach us. That was it. I'm done talking about the hardest day of my entire life, you don't need to know more. Aside maybe from my brother's name, it being Elias. So it basically started in either late December or early January 2017-2018, with me driving some friends around who then picked up some people and before I knew it the friends had departed from my car and I was just surrounded by some people I had no idea who even were. I had recently lost my apartment and was on the streets, just living in my car, for the most part, sometimes my mother supported me with some nights at a hostel, but mostly I slept in my car. After a while, all the people cycle out of my car and I'm left with this one, maybe around 35, dude who for some reason was just a jolly fucking roger and somehow managed to always be pleasant in conversation. Very charming and so fucking nice that I could have brought him home to my parents without being gay and my parent's not even noticing him being a dude so they wouldn't resent me for "coming out of the closet"... He asked if I could take a small car ride with him out of town. I had nothing to do so I just said "Why the fuck not? I don't have any other place to be!" This was very late at night and we drove to some remote place I had never been to and didn't even know existed until just then. He offers some junkies that are waiting for us to enter the car, it being freezing outside, it being like -30°C outside. They handed him a small package of something and he handed them some cash. They counted the cash and left. We stopped a few times in the side of the road after that on our way back to the city, the first time him revealing what it was he was actually buying from those junkies. He opened the box in front of me and pulled out something that looked like a patch or something, him saying that this was a 100µg Fentanyl patch which he then cut just a little piece from and vaped on aluminum foil, sitting there next to me in the car. I had never seen anything like it, that it was possible to ingest some sort of bandaid in this manner. That there were Fentanyl patches going around my town and how absolutely SMASHED he got from inhaling some vapor from that aluminum foil. I didn't think much of it and dropped him at home. A few days later he calls me and asks me to come to the head shop he owned back then and ran alongside his father, who really did all the work, this guy only spending the profits on, apparently, Fentanyl and Oxy and some shit like that. He said he was gonna show me something special. I, again, was homeless, so I just thought to myself: "Where else would I go? At least there I have a roof over my head!" but decided to have one of my best friends back then with me as backup as I didn't know what I was about to walk into. We arrive at his shop and, there being something about this guy, his personality being absolutely one of a kind, we talked and joked some, until he drags up a glass pipe and this package of 5x Fentanyl patches as well. He then gets his scissors and starts cutting these tiny ass pieces off one of the patches he had, puts it in the pipe along with some tobacco and takes a hit. He then offered me and my friend some. Each of us just got in line thinking: "YOLO!!!" And each of us took some hits and I got to experience the single most absolutely gorgeously and best highs of my entire life! It felt amazing just getting a hit from a tiny bit of this patch. The piece he'd put into the pipe each time being so small that if you'd put it on the table, you'd never find it again! But while I felt how amazingly good it felt to breathe this shit in, I also, at the same time, felt how absolutely amazingly dangerous this substance was and how if it wanted to, it could kill me before I passed the pipe back to him if he didn't dose it correctly! It was so dangerous that I wanted to swear to myself to never do it after that night in question, but it being so fucking good as well that I lost that thought before I realized what I was thinking and just took another fucking hit of this best fucking high I've ever felt in my mind, body, and soul! While we're smoking this stuff, my friend had some pills he was constantly offering me. I was in the mindset of a 12-year-old trying Weed for the first time, I just wanted to get the fuck fucked out of my skull. Fuck it, I was homeless, he was giving us hits of one of the most expensive drugs around here, he at least never asked us for any money in return, so what did I have to lose? We partied like there was no tomorrow. At one point him offering us Oxy80 and me purchasing one pill from him, him crushing it down after having removed the film that's always on these pills and me and my friend splitting it, one line each! I didn't really feel that much from it, maybe a little heat sensation in my legs, but nothing more. Our new friend all of a sudden asking if we had any Speed on us, me remembering that I had like 10 grams stored somewhere in my car, so I went outside to get it. I got locked outside for a while but they figured it out in the end and let me in. When I handed him the bag of Speed he reached into some sort of purse and next thing I know he's holding a syringe with a needle on the end and him filling us with some bullshit about him rarely ever shooting shit up, him just needing to get some Stimulants into his arm because he had smoked too much Fentanyl. He starts IV'ing in front of us and can I say and that buddy of mine confirm that seeing it so fucking up close and personal was one of the most horrifying sights I had never thought I would be witnessing at any point in my life. This guy being then the only guy I knew who injected his drugs at some point. After that, he's feeling all better and gets a message from a Weed dealer friend of his and because I'm so fucked out of my skull, I ask my friend if he can drive, him somehow being able to take the wheel no matter how fucking fucked the both of us are and him driving perfectly in that condition. We arrive in another part of town at this apartment block which was like 5 or 6 stories tall and was I told it was a part of the University's dorms that people could rent out if they attended the school, even though the actual school was actually somewhere around 30 kilometers THAT way... I never fully understood if it was correct that it was some sort of dorm for the Uni. Because it'd be a very strange place for that dorm since there were literally 30 kilometers to the University which was exactly in the other side of town, we couldn't have been farther from it, actually! We take the elevator to the top and my friend sneaks me one pill, me just not ever giving it a second thought, just swallowing it whole and moving on. We enter an apartment on the top floor where this insane noise was coming from which sounded like a VERY loud vacuum cleaner but turned out to be an Asic Bitcoin Miner they were mining Bitcoin on for some bizarre ass reason. Upon entering the apartment two guys greet us. I didn't know either of them but after a short while realized that one of them was the guy that had been accused of sexually molesting a friend of mine in her sleep, her going to sleep with her pants on, her waking up next to him with her pants off. I didn't know the whole story but when I met her after that night I told her where he could be found so she could have her goons do some street justice on his face, repeatedly, for having tried to rape a dear friend of mine. Anyway, my friend notices a big glass jar sitting on the dinner table filled to the brim with Weed and probably the biggest fucking bong I have ever seen with my own two eyes sitting on the floor next to it. My friend asks if he can take a hit from it with some of his own Weed and does he get the owner's permission to do so. He takes a hit and then tells me to take a hit. I never having taken a hit from a bong before just try my best and without even a second thought I exhale this HUGE cloud of smoke which, according to my friend, "was the largest bong hit he'd ever seen in his life!!!" him almost thirty, having smoked Weed since he was 12! I instantly feel absolutely smashed. But I still felt as if it wasn't just the Weed causing it, that there was something more at play as I just all of a sudden feel exhausted. I find myself a sofa or a bed or something to sit on and lean my head against the wall. All of a sudden I realize what those pills my friend was always handing me actually were. Of course, had he bought like 50 Diazepam/Valium tablets from one of our friend's mother who was sometimes dealing more than an actual pharmacy would do on a good day. I realize that we were taking Diazepam, which is a Benzo, maybe a soft Benzo but still a Benzo, while we were smoking Fentanyl and snorting Oxy80 and shit. Me knowing for a fact that mixing Opioids and Benzos almost always leading to an overdose and sometimes, more often than not at least, death! I feel like I need to make my friend aware of this little fact but before I knew it, my eyes just seemed to slowly slide shut, without me having to even think about closing them. What I see under my eyelids, which usually is just this black background with this orgy of millions and millions of different colors on it, is all of a sudden just completely different! I see nothing! Absolutely nothing! There was no color, there was no background, there was no anything under my eyelids! I felt as if I was just looking right into the Void! That place where there is nothing and if something happens to go there it becomes nothing as well! Me feeling my breath always getting slower and shorter, a short while being from that moment to the moment I feel insanely dizzy from little to no oxygen entering my lungs at that moment. My breath being so short that I could have counted a 100 Mississippi's in between those few short breaths I knew I had left. I start betting on when my last and absolutely final breath is gonna kiss me goodbye and I'm just gonna die from respiratory depression like I've read about would happen in exactly this situation. I was feeling a little cocky, like I was taunting what I knew what was about to happen, me of course in the mindset that if I'm gonna die right then and there, I'd do so with a smile on my face! Me, of course, being more terrified than I had ever been before in my entire life! Basically counting down to my last breath where I'd suffocate and die without anyone at the party noticing anything being wrong. I then start to see this little white star in the middle of all that nothingness I was looking at under my eyelids, this tiny little star that I somehow felt I was supposed to move my mind closer to. As I start doing so, moving my mind closer and closer to the star, all of a sudden my entire mind goes blank! I'm thinking nothing! I'm feeling nothing! Hearing nothing and I can't feel the fact that I have skin around my bones. I'm completely Depersonalized as I have never experienced before, me being basically a blank slate for some very odd reason. I then start seeing visions of moments I had in the past with my little brother, Elias, before he died on me and left me to fend for myself in this cruel and unjust world we live in. Some of the things I saw were moments we spent together, moments I always remembered about him and loved to death, but others were these strange moments where I wasn't there and the only person able to remember something like that only being Elias himself! I'm always moving closer and closer to the star, until I realize it's not a star but a big while circle! Although I can't hear anything, I can feel my little brother, as if he's talking to me, about Rocket League or some music he was producing or something like that he always used to talk about, it all coming from that white circle which was getting larger and larger by the moment! I then feel just this overwhelming feeling that I'm standing right next to Elias, that I can feel his presence and can almost touch him! Then when the circle is about to become as big as it possibly can, I feel this insane heat all around me, like the most compassion I have ever felt in my life, like anyone has ever felt in anyone's life! And then it happens. Whatever was going on peaked and I feel every sense of my body and mind feeling as though I'm experiencing Elias with every last thread of my existence, me smelling that smell that was always of him, that smell I always connected in my mind to him and his room, that safe haven where I could check on him at any moment during the week and spew whatever nonsense I had to spew over him and he'd always meet me halfway with more understanding than I had ever gotten from anyone else in life! Then there was the taste! I could taste, or it wasn't exactly that I could taste it, it was more an emotion that I could feel in my entire mouth and tongue. I don't know what it was or felt like exactly but there was something about it which lead me to believe that Elias was just around the corner. Me feeling as though I was holding him in my arms, him holding me back, me getting that hug I always wanted to plant on him, that hug I never had the courage to give him when he was alive and was finally getting right there in that moment! As I said, every sense of my being was feeling his presence in some way! Some significant fucking way and was I lead to believe that the big white circle, which was so close to me I could almost smell it, had something to do with my sweet Elias and that he was probably inside that big fucking white circle. Him waiting eagerly to meet me again, me getting ready to kick the door that this circle actually was the fuck down because I was so fucking ready to see my best friend in the whole world again. Me just knowing that if I tore the door down, we'd meet again and spend the rest of time together, in each other's loving embrace! I know what I'm supposed to do! I'm supposed to enter this big ass white circle! And at the exact moment I had, I get pulled the fuck back by some unknown force. I try entering again but the same thing just happens. I get pulled the fuck back! So for the third time, I try and I put everything I have left into it! It resulting in me getting pulled so far back from the circle that it started looking like this white little star again in no time! All of a sudden I stop feeling all those ridiculously strong emotions and sensations, I re-enter reality once more and there it the moment I was betting on before! I just know by how my lungs felt like they had been in a huge vehicular crash that this is the last one! This breath that's coming up is the last fucking breath I'm ever going to breathe! I just know it in every fiber of my being! I'm starting to like the feeling that this is it. That I'm about to leave and never come back! That once and for all, this was how I was gonna die and even though for having tried to off myself a million times in the past, it never appearing to work properly, but it working now and I was finally gonna get a break from all the suffering which is almost the only emotion I have ever felt in my life and was gonna get to see some peace! When something hits me like I'm getting a hit from defibrillators, all of a sudden I just get this intense shock all over my body and feel my body in its entirety jump from that bed or sofa I was sitting on, my eyes finally opening up, me having to open them myself, even though that was the hardest fucking thing I have ever had to do in my entire life, it felt as if there were billions of tons of lead sitting on my eyelids, me barely being able to lift them just enough to see what's going on right in front of me. I just know and feel that I'm standing in my own two feet and am I able to walk out of the apartment, out to the open stairwell where the elevator was located and as I open the door outside I just feel the freezing cold air filling my lungs, both my insanely short breath becoming longer and stronger, along with my heartbeat beating over those two beats per minute I had felt it was doing earlier. For some reason, almost exactly as I feel like I can finally take a deep and good breath again, that I'm not suffocating from the inside, the party is over and do my friend and that Fentanyl guy walk outside and meet me, me having been feeling like I was about to die just moments prior, walking into the elevator and then into my car. The Fentanyl guy asked if he could drive, I was still recovering from the fact that I was just about a nanosecond from dying inside some guy's home I had never met before, so I tried to utter something that he took as a yes and as I layed in the back seat on the way to his headshop again, him driving like he was absolutely retarded, him never having taken any sort of driver's test, me terrified the whole time in the back that I was gonna maybe experience something like I just did again but after a car crash, it being a miracle that there were no cops around because they would have seen by how the car was driven that either he had never driven a car before, someone was drugged out of hist fucking skull under the wheel, or both, which was exactly the case! We get to the headshop and I just pass out on the couch, waking up an hour later with his dad standing over me holding a piece of aluminum foil which had obviously been used as something to vape Fentanyl from and asked me like I just fucked his wife: "WERE YOU GUYS SMOKING FENTANYL IN HERE ALL NIGHT????" Me just trying to say something, trying as hard as I could, in the end just walking out of the shop, realizing that my phone was dead and I didn't have my charger while my car wasn't anywhere to be seen on the parking lot. I was fucked! I had nothing to do, nowhere to go and my apartment had just been stolen! Everything after I almost died from an overdose the night before. I couldn't believe how much of a shit I would have become and promised myself never to reach such a low fucking place, while I cried and bought a new charger at the mobile phone store that was next door to the headshop.... So yeah! That's the story I wanted to tell you! What do you think? Me reaching a new low point in my life, me never having gone so low before and never having gone so low after this happened, thank fucking god!!! To me, all I experienced about my sweet brother Elias, all the emotions, the sensations, the feelings, everything, was my mind realizing that I was about to die and in order to make sure that I didn't suffer as much as I could have, it administered something like a pretty fucking strong DMT trip or something like that to soften the impact that dying would have been! This being very similar to every single story I have ever heard about people who have either died or escaped death by the skin on their ass. It almost being exactly like some stories, life flashing before you, you seeing some loved one's, feeling intense and otherworldly emotions and feeling you didn't think anyone was capable of feeling. Even the "tunnel of light" some people talk about was there in the form of my white circle! I gather that I was about to die, was gonna die, had basically written in hell's guestbook already, but something, probably just my body not accepting this death I was about to experience, it making a break for it in the end, which was what saved me! Even though I sometimes hate my body and even recently got diagnosed with type 2 diabetes, I must admit that you, body, you're all right! I want this tale to serve as a cautionary tale to anyone and everyone who has thought about mixing Benzos and Opioids! Along with being just me telling anyone and everyone who cares to hear it to stay the fuck away from fucking Fentanyl! Don't do it! I beg you! Don't even think about touching the Fent! Please! Do it for me! I hereby wish you all a happy Friday as writing this whole thing took me like two and a half hours or so, it having been Thursday when I started! Peace and love to you and everyone you care about and love! Sincerely yours, Russel Dunbar!
What is the point? To invest? To mine it? To stockpile? I'm a bit lost
Howdy, Let me preface that I am at the very least intrigued by blockchain and I'm also interested in the general idea of bitcoin - money system w/o a central bank behind it. I'm not looking to start a fight or to criticize/shame bitcoin, so as long as you get where I'm coming from, that's good.
Obtaining it - mining is out of the option for me, I don't have $15,000+ lying around to buy an ASIC, and then the electric bill behind that. I suppose I could join a mining pool, but I'll return to this later.The second is to accept bitcoin for say if I was selling products/services - sure, I'd have to a wallet set up, but I will come back to this later as well.The third is to purchase' in it - I've seen other redditors remark they put aside half of their left over money each paycheck into bitcoin as an "investment".
As an investment, I feel like bitcoin is playing the stock market without the modicum of protection that the SEC/other Wall Street regulations (lol) offer you - if you're wallet is part of a leak, like the input.io one, you have no recourse to fall back on, and I don't think the courts at least in the U.S have been receptive to recovery efforts by potential plaintiffs.
The use of it. To piggy back on the investing, I'm using the dollar to buy it in the first place - and I don't really see myself using bitcoin for some of the more unsavory places that accept it to be frank about that. Places that might be inclined to accept it are likely just gonna convert it back to cash at the end of the day as well I feel like.
I'm interested but I'm still bit a hesitant to dive headfirst cause of those and more, but I'll try to keep it as short as those 3 for now.
Dynamic Proof-of-Work allows legitimate users to have their transactions prioritized over spam by automatically increasing their PoW slightly if the network is congested.
As network scalability improves, more and more pre-computed PoW must be done to actually impact the network.
There is no single-blockchain that all transactions must be added to. Transactions are processed asynchronously, meaning that real user transactions can be processed separately from spam.
Creating an ASIC (none currently exist for Nano) costs millions of dollars, and is typically created to increase mining rewards (which Nano doesn't have). Why would someone make an ASIC just to attack Nano? Nano could also change the PoW algorithm to make ASICs useless. Memory-hard PoW is already being evaluated.
Second layer solutions like mixers can help, but some argue that isn't enough privacy.
The current protocol design + the computational overhead of privacy does not allow Nano to implement first layer privacy without compromising it's other features (fast, feeless, and scalable transactions).
02:56 Decentralization Issues
Nano is currently not as decentralized as it could be. ~25% of the voting weight is held by Binance.
Users must choose representatives, and users don't always choose the best ones (or never choose).
Potential Mitigations & Outstanding Issues
Currently 4 unrelated parties (who all have a verifiable interest in keeping the network running) would have to work together to attack the network
Unlike Bitcoin, there is no mining or fees in Nano. This means that there is not a strong incentive for emergent centralization from profit maximization and economies of scale. We've seen this firsthand, as Nano's decentralization has increased over time.
In Nano, voting weight can be remotely re-delegated to anyone at any time. This differs from Bitcoin, where consensus is controlled by miners and requires significant hardware investment.
The cost of a 51% attack scales with the market cap of Nano.
06:49 Marketing & adoption Issues
The best technology doesn't always win. If no one knows about or uses Nano, it will die.
Potential Mitigations & Outstanding Issues
I would argue that the best technology typically does win, but it needs to be best in every way (price, speed, accessbility, etc). Nano is currently in a good place if you agree with that argument.
Bitcoin started small, and didn't spend money on marketing. It takes time to build a community.
The developers have said they will market more once the protocol is where they want it to be (v20 or v21?).
Community marketing initiatives have started to form organically (e.g. Twitter campaigns, YouTube ads, etc).
Marketing and adoption is a very difficult problem to solve, especially when you don't have first mover advantage or consistent cashflow.
08:07 Small developer fund Issues
The developer fund only has 3 million NANO left (~$4MM), what happens after that?
Potential Mitigations & Outstanding Issues
The goal for Nano is to be an Internet RFC like TCP/IP or SMTP - development naturally slows down when the protocol is in a good place.
Nano development is completely open source, so anyone can participate. Multiple developers are now familiar with the Nano protocol.
Businesses and whales that benefit from Nano (exchanges, remittances, merchant services, etc) are incentivized to keep the protocol developed and running.
The developer fund was only ~5% of the supply - compare that to some of the other major cryptocurrencies.
10:08 Node incentives Issues
There are no transaction fees, why would people run nodes to keep the network running?
Potential Mitigations & Outstanding Issues
The cost of consensus is so low in Nano that the benefits of the network itself are the incentive: decentralized money with 0 transaction fees that can be sent anywhere in the world nearly instantly. Similar to TCP/IP, email servers, and http servers. Just like Bitcoin full nodes.
Paying $50-$100 a month for a high-end node is a lot cheaper for merchants than paying 1-3% in total sales.
Businesses and whales that benefit from Nano (exchanges, remittances, merchant services, etc) are incentivized to keep the protocol developed and running.
11:58 No smart contracts Issues
Nano doesn't support smart contracts.
Potential Mitigations & Outstanding Issues
Nano's sole goal is to be the most efficient peer-to-peer value transfer protocol possible. Adding smart contracts makes keeping Nano feeless, fast, and decentralized much more difficult.
Other solutions (e.g. Ethereum) exist for creating and enforcing smart contracts.
Code can still interact with Nano, but not on the first layer in a decentralized matter.
Real world smart contract adoption and usage is pretty limited at the moment, but that might not always be the case.
13:20 Price stability Issues
Why would anyone accept or spend Nano if the price fluctuates so much?
Why wouldn't people just use a stablecoin version of Nano for sending and receiving money?
Potential Mitigations & Outstanding Issues
With good fiat gateways (stable, low fees, etc), you can always buy back the fiat equivalent of what you've spent.
The hope is that with enough adoption, people and businesses will eventually skip the fiat conversion and use Nano directly.
Because Nano is so fast, volatility is less of an issue. Transactions are confirmed in <10 seconds, and prices change less in that timeframe (vs 10 minutes to hours for Bitcoin).
Stablecoins reintroduce trust. Stable against what? Who controls the supply, and how do you get people to adopt them? What happens if the assets they're stable against fail? Nano is pure supply and demand.
With worldwide adoption, the market capitalization of Nano would be in the trillions. If that happens, even millions of dollars won't move the price significantly.
15:06 Deflation Issues
Nano's current supply == max supply. Why would people spend Nano today if it could be worth more tomorrow?
What happens to principal representatives and voting weight as private keys are lost? How do you know keys are lost?
Potential Mitigations & Outstanding Issues
Nano is extremely divisible. 1 NANO is 1030 raw. Since there are no transaction fees, smaller and smaller amounts of Nano could be used to transact, even if the market cap reaches trillions.
People will always buy things they need (food, housing, etc).
I'm not sure what the plan is to adjust for lost keys. Probably requires more discussion.
Long-term Scalability Issue
Current node software and hardware cannot handle thousands of TPS (low-end nodes fall behind at even 50 TPS).
The more representatives that exist, the more vote traffic is required (network bandwidth).
Low-end nodes currently slow down the network significantly. Principal representatives waste their resources constantly bootstrapping these weak nodes during network saturation.
Potential Mitigations & Outstanding Issues
Even as is, Nano can comfortably handle 50 TPS average - which is roughly the amount of transactions per day PayPal was doing in 2011 with nearly 100 million users.
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