Bitcoin Mining Pool | Bitcoin.com

What is a share? Can I find it while mining solo, or only when pool mining? /r/Bitcoin

What is a share? Can I find it while mining solo, or only when pool mining? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

08-28 16:02 - 'So what about today... Solo LUCK mining, POOL mining or ALT mine another SHA-256. What would you do? / Picked up a USB stick and a Block Erruptor CUBE as a history piece. Tried running both to verify they are functional. / I...' by /u/CryptoxGEEK removed from /r/Bitcoin within 9-19min

'''
So what about today... Solo LUCK mining, POOL mining or ALT mine another SHA-256. What would you do?
Picked up a USB stick and a Block Erruptor CUBE as a history piece. Tried running both to verify they are functional.
Issue with the CUBE is it's GET WORK and it and the PC on my home network monoplized traffic on the router.
So what has me curious is how to scale you data traffic if mining off an ISP from home so as not to max out your limits with Mining, VoIP, Streaming TV and just Interactive Gaming?
'''
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Author: CryptoxGEEK
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Are these "big chinese miners" actually huge solo miners or are they just owners of large mining pools? /r/Bitcoin

Are these submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I really still don't get miners. How hard is it to mine on a pool that is not one of the top 3? Two pools own >50% of the mining power and no one cares anymore? Is it so hard and unthinkable for a large mining operation to solo mine or join p2pool? /r/Bitcoin

I really still don't get miners. How hard is it to mine on a pool that is not one of the top 3? Two pools own >50% of the mining power and no one cares anymore? Is it so hard and unthinkable for a large mining operation to solo mine or join p2pool? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Could someone tell me how to mine testnet coins on guiminer for windows. How to solo mine or pools. /r/Bitcoin

Could someone tell me how to mine testnet coins on guiminer for windows. How to solo mine or pools. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

US military doing wargames to handle a mass adoption of Bitcoin. #SHUM

One of the best arguments I've seen for Monero in a while: https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/#793a50364cc0
From the article: "The Pentagon war game documents have been revealed after Florida Republican Representative Matt Gaetz called for the government to "freeze" the money of demonstrators after country-wide protests over the killing of George Floyd turned violent this month."
If the government's fundamental goal is to freeze the accounts of political dissidents, Bitcoin is not the answer. The vast majority of Bitcoin users will have all their transactions easily traced from their KYC exchange account. Some will know enough to use Wasabi, Samurai, etc. But most will not, by a long shot. Once all the dissidents UTXOs are flagged, US puts pressure on all allied nations to bring criminal charges against pools that mine their txs, or build on any blocks that do (e.g. from mining pools non-ally nations like China). Chinese miners will either have to join in the censorship, or else suffer a chain split.
Real censorship resistance needs privacy and fungibility, and is surely not hurt by the possibility of solo miners. Monero is the answer.
submitted by fatalglory to Monero [link] [comments]

Upcoming Major Riecoin 0.20 Upgrade

Upcoming Major Riecoin 0.20 Upgrade
A new major Riecoin upgrade is planned, and includes a hard fork. Below is a summary of the changes so far and the hard fork improvements. More details can be found on BitcoinTalk. Feel free to ask Pttn there or on Discord if you have questions regarding the update.
The first step of this upgrade was to update the base code to Bitcoin’s 0.20, which is done. You can find the experimental code at the Github repository. Experimental binaries can also be downloaded here. Despite their prerelease status, they should work fine, though please backup your wallets if you plan to use 0.20, just in case.
Pool operators and other advanced Riecoin users should start looking into the changes and update their software accordingly, as well as closely follow the Riecoin Core development.
Here is a list of notable changes from 0.16.3.1.
The next step will be the hard fork, in order to improve Riecoin in multiple ways. Here is the list of planned changes.
Once the development is advanced enough, a date will be chosen for the hard fork. Testnet will be hardforked first to ensure the well functioning of the implementation. Stay tuned!
submitted by PttnMe to RieCoin [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Mining and Dogecoin - Some FAQs

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!

Mining Doge

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...

Making profit

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.

Cloud Mining

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.

Alternative coins

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
submitted by _nformant to dogecoin [link] [comments]

Introduction Thread + Plans for the future!

Hey everyone! Welcome to the ABCmint (Or ABC, or Abcardo) subreddit! Please feel free to introduce yourselves below. I wrote a few questions to get the creative juices flowing.
Quick intro here: I'm u/seekingomega, and I've been mining ABCmint for roughly 2 years now (give or take).
On my ABC journey, I've made a few YouTube videos about the project, created a (pretty crappy) block explorer, and have had the pleasure of meeting others who have an interest in PQC blockchains as well.
To answer my own questions...
Plans for the future: I'll start scouring the web for ABC related news that pops up, and share them on this subreddit.
Additionally, I'd like to add some good PQC readings. If you have articles or books, please share them in a comment!
submitted by seekingomega to ABCMint [link] [comments]

KRYPTO GAME PLAY AND EARN Cryptocurrencies

KRYPTO GAME PLAY AND EARN Cryptocurrencies
https://preview.redd.it/axhv3awoopz41.jpg?width=1508&format=pjpg&auto=webp&s=a0ee28bad6ff7e57ca49b669b1fb8a6f48b7bdd7
https://preview.redd.it/22xxabwoopz41.jpg?width=1504&format=pjpg&auto=webp&s=57a61f8005b26c05aba705035c8eb1177a36cb3b
https://preview.redd.it/thrcadwoopz41.jpg?width=1507&format=pjpg&auto=webp&s=1414e4af990837da5df3b0e40b32db1257ab97a7
https://preview.redd.it/c6qssawoopz41.jpg?width=1507&format=pjpg&auto=webp&s=0eedb9545948d44594066c5c6375b48960a6a146
https://rollercoin.com/?r=jpcuraqv KRYPTO GAME PLAY AND EARN Cryptocurrencies

What is RollerToken?
RollerToken is a new virtual currency that will lay the foundation for the future RollerCoin crypto economy. The token will be developed on ethereum blockchain with all the applicable smart contract features. As soon as it is implemented, it will be the primary minable token and a valid method to purchase in-game items. Besides, it will be used to organize mining pools, explore additional locations, enter challenges, pay for utilities, and a lot more. As you know, the spoon is dear when lunchtime is near. Thus we must keep going and bring the game to ultimately new level, and we want you to participate in the future of RollerCoin.

Why do you need RollerToken?
We can assure you that the development of RollerToken will not limit but rather expand the variety of RollerCoin features and opportunities. We are building an independent virtual universe with its own economy and community. Below we will reveal some of the major coming features and how RollerToken will be applied. Not all of them, of course :) The rest will be announced when the time comes.

press
purchase
  1. New powerful miners and upgrades

We plan to add at least 30 new upgradable miners before the New Year. With the introduction of long-awaited electricity feature, all the miners will have different power, consumption, architecture, and additional bonuses. You can buy upgrades to improve specific attributes and gain more profit from the device. Guess what! You will need RollerToken to make it happen.

bonuses
  1. Custom random boosts and upgrades!

Yes, we will implement “loot boxes,” as a reward for certain in-game activities where you can find rare items, boosts, miners, and upgrades that you can not buy anywhere else. You will have a chance to craft and mix items to get something completely unique. Some top tier “loot boxes” will require RollerToken to be opened.

marketplace
  1. In-game marketplace

And what do you do with all this stuff, including something you may no longer need? You can either use it or sell it on the real in-game MARKETPLACE! We want to expand your opportunities and create real market economy within RollerCoin. You will have a chance to buy, sell, or trade any in-game items at any price you want. You can set a market price or create an auction for other miners to ‘fight’ for a very special rare item - total flexibility and discretion.

exchange
  1. Cryptocurrency Exchange

How about a fully functional in-game cryptocurrency exchange? You heard it right! RollerToken will not be something you can walk in and buy in-store - you will have to trade your Bitcoins for it. And not only Bitcoins, as we plan to integrate other cryptocurrency, mostly gaming utility tokens, to make it a true decentralized exchange. This means that RollerToken will have real demand, supply, and usage. Buy low, sell high, they say! ;)

pool
  1. Mining pools!

We will slightly reorganize the block reward distribution algorithm to make it more realistic, thus more efficient to mine jointly in groups or teams. Mining pools will have their own internal policy as to entrance fees, commissions, and reward distribution. We will also implement special rewards and boosts for the pools that will not be available to solo miners. It is a unique opportunity for you to create your own community in the evolving RollerCoin universe.

coins
Who do you want to be?

So whether you want to be a rich market merchant, a successful trader, a profitable miner, or even all at once - RollerCoin will provide you with every single opportunity with the help of RollerToken. Do you want to be a part of the new crypto world order? Get in now to get special bonuses, status, discounts, and better starting point when it all begins!
submitted by Grutttt to CryptoAirdrop [link] [comments]

my moon hypothesis

I think monero's gonna goto the moon. Here's the reason why.

First, the general market seems to be in an upswing... this will naturally increase the price of monero (along with other alts). This rise in price will once again cause an increase in interest from outside of the crypto space.
For a lot of people new to the space, the idea of mining is attractive and fascinating. You can print money with your computer. What? Full stop. I remember reading a while ago that this component of nakamoto consensus has an allure because it is akin to alchemy, and apparently human culture has always had a fascination with alchemy.
So, these newcomers will think (as many do) "I should get into mining". They may do some research and discover that bitcoin mining is dead. Eventually they'll come across the fact that Monero is still CPU mineable. And at these bubble run prices, it could probably even turn a profit! So they'll set their PC to mine. Or maybe buy another PC.
And they'll mine.
And they'll read more about monero. They'll become fascinated with why (and how) monero is a privacy coin. They'll become fascinated with why (and how) monero has chosen to have a CPU-bound PoW. They'll probably also come across the tail emission, and why Monero has one, which will then get them reading about base layer scaling.
And they'll mine some more.
And they'll read some more about monero. They'll come across this notion of fungibility. They'll perhaps start to understand how blockchains work, and how consensus protocols work, and how base-layer protocol is the most important protocol for a cryptocurrency.
Probably after mining for a month, watching the price of monero increase and their pooled mining payout threshold *never* coming close to hitting, and all the while reading this or that about monero, they'll say "well, the only way I'm gonna get a good lot of this Monero is to buy some". And hopefully they'll be able to navigate the morass of AML/KYC(M - o - U - s - E) and get their hands on some.
And thats demand. On the buy side.
And where's the pressure from the sell side? Monero's emission just went under 2 xmr a block. And this new emission isn't going to mining farms with bottom lines to cover, so they always need to sell to keep the lights on.
No, its going to people like this, 500 khs bunch of workers with 1.7 to 7 kh/s per worker. Probably a sysadmin somewhere that has idle CPUs that they've decided to mine with.
or this glorious bastard, with 2.2 Mh/s. Their overall activity has a wave pattern, and the worker distribution seems like contemporary intel / amd PCs.
And then you get the ones like this, 11 Mh/s peak with a glorious wave pattern. This one is so cyclical you can't see the online workers because they seem to turn off every day at the same time. Or they have an agreement with nanopool to hide their worker details. But the waves are still visible.
And its also going to solo miners, like this guy. Roughly 13% of the found blocks aren't accounted for via the major pool aggregation website. I don't wanna make up numbers here, but what if that 13% is all just lucky solo miners?
There's ~1440 monero printed every day at this point. How much of that is going straight to market? Based on the fundamental differences in the monero mining ecosystem, I'd bet that more of the newly minted coin is going straight into cold, deep storage.
Of course, the markets are all just manipulated nonsense, so it really just depends on when some whale decides to market buy a bajillion xmr for the lulz.
submitted by gingeropolous to xmrtrader [link] [comments]

Is the fact that bitcoin's global hashrate doesn't seem to be dropping after the halving the ultimate proof that mining is as centralized as it gets?

Based on the current outlook, even the most profitable publicly available miner couldn't see any profit in about 2 years (Antminer S9 profitability calcuation here). Home mining truly has no future in terms of profitability. Yet the hashrate didn't drop after the halving. Why would that be?
Well, we never got to know much about chips that were never publicly sold and even Bitmain's new miner was really expensive at launch and understocked to a point that it seemed that the public sale was just a stunt. BW, bitfury (and perhaps other companies too) were claiming to have chips more efficient that the one Bitmain used in their latest miner long before it was even released. It's likely that such chips fulfilled custom orders for companies with datacenters of epic proportions like the ones of bitbank, HaoBTC and BW (who have their own chips).
It would be safe to assume that those datacenters are mining on profit as we speak and were prepared for the halving long before it happened. Because not only are they running on custom mining equipment, but electricity costs are dirt cheap compared to home power.
Even the hashrate distribution in the biggest pool is quite telling. Large-scale miners hold so much hashing power that it's off the charts (inb4: NOT LOGSCALE!!!!1...).
And given that (supposedely competing) Chinese companies that focus on bitcoin mining basically advertise each other, it wouldn't be surprising to find out that pools are basically a facade and there's just a handful of people that control what's known as bitcoin mining.
submitted by butterNcois to Buttcoin [link] [comments]

5 things hardly anyone knows about the BMP project

1. The BMP is the most secure public voting system ever build.

Because all BMP actions are weighted by hashpower and is the first system capable of adding all the Bitcoin SHA-256 hashpower (BTC+BCH+BSV) at the same time. Then, BMP computes more hashpower than BTC or any other crypto.

2. BMP is a legitimately and neutral place.

Open-source, free, politically neutral, hashpower calculation is fair and accurate, each miner or pool can use it independently, without permission. Fully compatible with the whitepaper vision, specifically the last two sentences.

3. BMP is decentralized and indestructible as Bitcoin blockchain.

100% on-chain. It is designed to be deployed on multiple independent servers, and will display the same information at all times. No dependencies, except Bitcoin clients.

4. Votes can be modified while the voting is open.

You can vote more than once, the BMP only computes the last vote for each miner. This allows for discovering consensus, thinking, negotiating and rectifying. Because we learn in the process.

5. Miners can delegate % of hashpower in any address.

With power_by_opreturn coinbase signaling, any solo-miner or pool can delegate arbitrary percentages of his hashpower in any address. And without interfering with mining operations.
This allows for the participation of the entire community: mining partners/associates, small miners, pool miners, developers, researchers, operators, communicators and other key professionals (if miners want). In this way, the BMP is an indestructible pressure cooker, containing controversies, without split, by voting with hashpower, stably, as whitepaper says, legitimately, ad-infinitum.

And this is just the minimum viable beta. If you look the BMP protocol you will see that it is a powerful base system ready for building a next-level organization, as never seen before.
submitted by Ozn0g to btc [link] [comments]

Nuvmining | Planning To Profession Monero Cryptocurrency? Right here Are The Basics To Obtain You Begun

Among the core mandates of the blockchain innovation is to provide individuals with undeviating privacy. Bitcoin as the first ever decentralized cryptocurrency depended on this premise to market itself to the bigger audience that was after that in need of a digital money that is devoid of government meddling.
nuv mining
Sadly, in the process, Bitcoin confirmed to be swarming with a number of weaknesses consisting of non-scalability and also mutable blockchain. All the purchases and also addresses are composed on the blockchain therefore making it much easier for any person to connect the dots as well as introduce users' exclusive details based on their existing records. Some federal government and non-government companies are already utilizing blockchain analytics to read information on Bitcoin system.
nuvmining
Such problems have actually resulted in programmers checking out alternate blockchain technologies with better safety and speed. Among these projects is Monero, usually stood for by XMR ticker.
What is Monero?
Monero is a privacy-oriented cryptocurrency job whose primary aim is to offer far better personal privacy than various other blockchain ecological communities. This technology guard's customers' info via stealth addresses and Ring signatures.
Stealth address describes the development of a single address for a solo purchase. No 2 addresses can be pinned to a solitary transaction. The coins received enter into a totally various address making the entire procedure vague to an exterior viewer.
Ring trademark, on the various other hand, describes blending of account keys with public secrets hence producing a "ring" of multiple notaries. This implies a tracking agent can not link a trademark to a certain account. Unlike cryptography (mathematical technique of safeguarding crypto jobs), ring signature is not a newcomer. Its concepts were discovered and also taped in a 2001 paper by The Weizmann Institute as well as MIT.
Cryptography has actually absolutely won the hearts of numerous programmers and also blockchain enthusiasts, yet the reality is, it's still a nascent device with a handful utilizes. Since Monero utilizes the currently checked Ring trademark technology, it has established itself apart as a genuine task worth embracing.
Things to understand prior to you begin trading Monero
Monero's Market
Monero's market resembles that of other cryptocurrencies. If you want to buy it then Sea serpent, Poloniex, and Bitfinex are a few of the exchanges to see. Poloniex was the initial to embrace it complied with by Bitfinex and also lastly Kraken.
This online money mainly appears secured to the buck or versus fellow cryptos. A few of the readily available pairings include XMUSD, XMBTC, XMEUR, XMXBT and also many more. This currency's trading quantity as well as liquidity document great statistics.
Among the good things regarding XMR is that any individual can take part in extracting it either as an individual or by signing up with a mining swimming pool. Any type of computer system with substantially great processing power can mine Monero obstructs with a couple of missteps. Don't bother choosing the ASICS (application-specific integrated circuits) which are currently compulsory for Bitcoin mining.
Rate volatility
Regardless of being a powerful cryptocurrency network, it's not so special when it pertains to volatility. Basically all altcoins are exceptionally unpredictable. This must not stress any type of passionate investor as this factor is what makes them profitable in the very first place-you buy when prices are in the dip and also market when they are on a higher pattern.
In January 2015, XMR was opting for $0.25 after that did some jogging to $60 in Might 2017 and it's currently bowling above the $300 mark. Monero coin taped its ATH (all-time high) of $475 on January seventh prior to it started slumping together with various other cryptocurrencies to $300. At the time of this writing, virtually all decentralized currencies remain in rate modification stage with Bitcoin teeter-tottering between $10-11k from its remarkable ATH of $19,000.
Fungibility and also fostering
Thanks to its capacity to use trusted personal privacy, XMR has actually been taken on by lots of people making its coins to be easily substituted for other money. In basic terms, Monero can be easily traded for something else.
All Bitcoins in Bitcoin Blockchain are recorded down, and therefore, when an event like burglary transpires, every coin included will be steered clear of from operating making them nonexchangeable. With monero, you can not differentiate one coin from the other. Therefore, no vendor can decline any of them due to the fact that it's been connected with a negative event.
Monero blockchain is currently one of the most trending cryptocurrencies with a considerable variety of followers. Like many other blockchain jobs, its future appearances fantastic albeit the impending federal government crackdown. As an investor, you require to do your due diligence and research before trading in any kind of Cryptocurrency. Where feasible, look for assistance from economists in order to step on the appropriate path.
submitted by Nuvmining to u/Nuvmining [link] [comments]

Splitting BSV from BCH

I've been trying to follow the Electron/Electrum method for splitting my BSV from BCH, but when I import my private keys into ElectronCash, it only brings in a portion of my coins that I earned while mining in a pool. An original set of BCH that I mined solo much earlier is never imported. Any ideas why this might be or how to import it? I can see it in BitcoinABC client wallet, but have no idea how to split BSV out with that client.
submitted by tufelkinder to btc [link] [comments]

asic operator vs miner

Running an bitcoin asic and pointing it to a pool does not make you a miner. It does not add significantly to decentralization and is basically equivalent to the difference between SPV ( light node ) and a full node. Furthermore when most people do this they get complacent - set and forget.
In this setup the pool admin is the miner, they are creating the block template using software in their control - using some of their own asics to mine on that block and outsourcing some of the hashing to ASIC operators.
Therefore in order to be a real miner, you need to at minimum verify the block template you are working on using software you control and if its invalid you should be able to revert to mining somewhere else ( another pool or solo mining)
By the above definition the current bitcoin network is quite centralized ( obviously not as bad as bcash). However a network can be centralized and continue to 'woRk' until their is a political issue or incentive ( outside bitcoins incentive model ) for an individual to do dishonest things. This exact thing happened in the bcash network, when three mining pools fought over the ability to claim unlocked segit coins - two pools performed a reorg against another pool and a small pool. The two pool admins obviously had some communication channel with each other or are controlled by the same entity. With centralization the organizational cost of doing attacks is reduced so far that the incentive model that is fundamental to bitcoin no longer works. At this point you are no longer bitcoin - and the bcash dev realized this and implemented reorg protection making it a quasi proof of stake - proof of work coin.
We must address the effects of the stratum protocol it has done more harm to bitcoin that large blocks. An innovation in this area will help other POW projects like monero that actually care about decentralization.

Blockstream pool already implements betterhash

https://blockstream.com/mining/
but i dont see a way to mine with them yet?
submitted by Spartan3123 to Bitcoin [link] [comments]

Bitcoin Rhodium Mining Guide

Bitcoin Rhodium Mining Guide
Happy Mining!

All available XRC pools can be found on MiningPoolStats

Bitcoin Rhodium Mining Hardware

Baikal Giant+: 1.6 GH/s
Baikal Quad Cube: 1.2 GH/s
Baikal Giant: 900 MH/s
Baikal Quadruple Mini Miner: 600 MH/s
Baikal Miner Cube: 300 MH/s
Baikal Mini Miner: 150 MH/s

Mining Setup

To mine Bitcoin Rhodium you need to set up an XRC wallet and configure your miner of choice. You can choose between Web wallet, Electrum-XRC or Magnum wallet. To set up a web wallet please visit wallet.bitcoinrh.org. Or download and install Electrum-XRC wallet (recommended) for Windows, Linux and MacOS.
Web wallet: wallet.bitcoinrh.org
Electrum-XRC wallet: electrum.bitcoinrh.org
Magnum wallet: https://magnumwallet.co

Sign up for XRC web wallet if not yet done so

  1. Create an account, with your username, password and secure question.
  2. Sign in and click “Create Wallet”.
  3. Set up a strong transaction password. Make sure you store it securely in a secure password manager of choice.
  4. Copy the seed somewhere safe. It’d be a good idea to write seed on a hardcopy and keep it safe.
  5. Paste it to confirm you got it right.
  6. Grab an address for the mining step. Your wallet is now ready to mine XRC.

Instructions for mining XRC on the official pool

Pool link: poolcore.bitcoinrh.org
  1. Any miner that supports X13 will be able to mine XRC. We have a few examples below of miners that are well tested with Bitcoin Rhodium network.
  2. For any miner, configure the miner to point to:
(0–0.8 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3061
(0.8–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062
(3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063
(5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064
with your XRC address as username and x as password. You don’t need to open an account on pool. You will be mining to XRC address and mined coins will be transferred to your wallet
after blocks reach 10 block maturity
after you mined up minimal amount of coins (currently 0.1 XRC)
sometimes mined blocks could get rejected by network (orphaned) after they were counted as valid blocks. This is normal network behavior to follow longest chain
  1. http://poolcore.bitcoinrh.org is used to follow your miner and network statistics.

CPU Miner-Multi

Source: https://github.com/tpruvot/cpuminer-multi
Sample configuration with CPU Miner tested on UBUNTU.
{
“url” : “stratum+tcp://poolcore.bitcoinrh.org:3061”, “user” : “YOUR XRC ADDRESS”,
“pass” : “x”,
“algo” : “x13”, “threads” : 1,
“cpu-priority” : 5,
“cpu-affinity” : 1, “benchmark” : false, “debug” : true, “protocol”: true, “show-diff”: true, “quiet” : false
}
Command to run your CPUMiner: cpuminer -c cpuminer.json

SGMiner (ATI GPU)

SGMiner is a GPU-based mine: https://github.com/nicehash/sgminereleases
The configuration below was tested on Windows:
setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
cd C:\Software\sgminer-5.6.1-nicehash-51-windowsamd64 sgminer.exe
— gpu-platform 1 — algorithm x13mod -url stratum+tcp://poolcore.bitcoinrh. org:3062 — pool-user — userpass :x — auto-fan — temp-target 70 — temp-over- heat 82 — temp-cutoff 85 — gpu-fan 65–85 — log-file log.txt — no-adl — no-extra- nonce -P –T

CCMiner (NVIDIA GPU)

CCMiner is a GPU-based miner (NVIDIA)
Command to run your CCMINER:
ccminer-x64.exe -a x13 -o stratum+tcp://poolcore.bitcoinrh.org:3062 -O :without -D — show-diff

Baikal miner

Settings: Url:
(0–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062
(3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063
(5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064
Algo: x13User: your XRC receiving address (make sure you set 2 distinct addresses for each hashing board)
Pass: x
Extranonce: leave off Priority set to 0 and 1
Once pool stratum address and your wallet as user are set up you should see your miner mining against XRC pool. When miner is working the status column is green. The pool and miner are incorrectly configured now as status says “Dead” highlighted in red.

Instructions for mining XRC on BSOD pool

Pool link: bsod.pw/en/pool/dashboard/XRC/
Use this code for your miner: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig
BSOD pool allows both solo and party mining.
For solo mining use code: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=solo And for party mining use: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=party.yourpassword
NOTICE: You can use us for North America and asia for Asia instead of euin your .bat file or config.
You can also use BSOD pool’s monitor app for Android and iOS.

Instructions for mining XRC on ZERGPOOL

Zergpool offers low fees (just 0.5%) and also SOLO and PARTY mining with no extra fees.
To mine XRC on Zergpool use this command lines for your miner:
Regular: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC Solo: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=solo Party: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=party
Use your coin wallet address as username in mining software. Specify c=SYMBOL as password to identify payout wallet coin, and the same coin in mc=SYMBOL to specify mining coin.
For more information and support please visit http://zergpool.com
Notice that when there are more pools mining XRC in different geographic/availability locations choose the nearest to you as lowest priority and then add desirable fall back pool options in different geographic locations or pools. This is useful when one pool experiences issues, to fall back to different pool in Bitcoin Rhodium network.

Calculate your Bitcoin Rhodium mining profitability

WhatToMine: https://whattomine.com/coins/317-xrc-x13
CoinCalculators: https://www.coincalculators.io/coin/bitcoin-rhodium

Feel free to ask questions in Discord community. There are lots of helpful people around the world watching XRC 24x7.

Bitcoin Rhodium Dev Team
submitted by BitcoinRh to BitcoinRhodium [link] [comments]

Vertcoin Mining AMA

What is Vertcoin?

Vertcoin was created in 2014. It is a direct hedge against long term mining consensus centralization on the Bitcoin mining network. Vertcoin achieves its mining consensus solely through Graphics Cards as they are the most abundant / widely available consensus devices that produce a reasonable amount of hashrate. This is done using a mining algorithm that deliberately geared against devices like ASICs, FPGAs and CPUs (due to botnets) making them extremely inefficient. Consensus distribution over time is the most important aspect of a blockchain and should not be taken lightly. It is critical that you understand what blockchain specifications mean/do to fully understand Vertcoin.

Mining Vertcoin

When users of our network send each other Vertcoin, their transactions are secured by a process called mining. Miners will compose a so-called block out of the pending transactions, and need to perform a large number of computations called hashes in order to produce the Proof-of-Work. With this Proof-of-Work, the block is accepted by the network and the transactions in it become confirmed.
Mining is essentially a race. Whoever finds a valid Proof-of-Work and gets the block propagated over more than half of the Vertcoin network first, wins this race and is allowed to reward themselves with the block reward. The block reward is how new Vertcoin come in circulation. This block reward started at 50 VTC when Vertcoin was launched, and halves every four years. The current block reward is 25 VTC.
Vertcoin's One Click Miner: https://github.com/vertcoin-project/One-Click-Minereleases
Learn more about mining here: https://vertcoin.org/mine/
Specification List:
· Launch date: Jan 11, 2014
· Proof-Of-Work (Consensus Mechanism)
· Total Supply: 84,000,000 Vertcoin
· Preferred Consensus Device: GPU
· Mining Algorithm: Lyra2REv3 (Made by Vertcoin)
· Blocktime: 2.5 minutes
· SegWit: Activated
· Difficulty Adjustment Algorithm: Kimoto Gravity Well (Every Block)
· Block Halving: 4 year interval
· Initial Block Reward: 50 coins
· Current Block Reward: 25 coin
More spec information can be found here: https://vertcoin.org/specs-explained/

Why Does Vertcoin Use GPUs Then?

ASIC’s (Manufactuer Monopoly)
If mining were just a spade sure, use the most powerful equipment which would be an ASIC. The problem is ASICs are not widely available, and just happen to be controlled by a monopoly in China.
So, you want the most widely available tool that produces a fair amount of hashrate, which currently manifests itself as a Graphics Card.
CPUs would be great too but unfortunately there are viruses that take over hundreds of thousands of computers called Botnets (they’re almost as bad as ASICs).

Mining In Pools

Because mining is a race, it’s difficult for an individual miner to acquire enough computational power to win this race solo. Therefore there’s a concept called pool-mining. With pool-mining, miners cooperate in finding the correct Proof-of-Work for the block, and share the block reward based on the work contributed. The amount of work contributed is measured in so-called shares. Finding the Proof-of-Work for a share is much easier than finding it for a block, and when the cooperating miners find the Proof-of-Work for the block, they distribute the reward based on the number of shares each miner found. Vertcoin always recommends using P2Pool to keep mining as decentralized as possible.
How Do I Get Started?
If you want to get started mining, check out the Mine Vertcoin page.

Vertcoin just forked to Lyra2REv3 and we are currently working on Verthash

Verthash is and was under development before we decided to hard fork to Lyra2REv3. While Verthash would’ve resulted in the same effect for ASICs (making them useless for mining Vertcoin), the timeline was incompatible with the desire to get rid of ASICs quickly. Verthash is still under development and tries to address the outsourcability problem.
Verthash is an I/O bound algorithm that uses the blockchain data as input to the hashing algorithm. It therefore requires miners to have all the blockchain data available to them, which is currently about 4 GB of data. By making this mining data mandatory, it will become harder for auto profit switching miners — like the ones that rent out their GPU to Nicehash — because they will need to keep a full node running while mining other algorithms for the moment Verthash becomes more profitable — the data needs to be available immediately since updating it can take a while.
Over the past month, we have successfully developed a first implementation of Verthash in the Vertcoin Core code base. Within the development team we have run a few nodes on Testnet to test the functionality — and everything seems to work properly. The next step is to build out the GPU miners for AMD and Nvidia. This is a NOETA at the moment, since we’re waiting on GPU developers which are in high demand. Once the miners are ready, we’ll be releasing the Vertcoin 0.15 beta that hardforks the testnet together with the miners for the community to have a testrun. Given the structural difference between Lyra2RE and Verthash, we’ll have to run the testnet for a longer period than we did with the Lyra2REv3 hard fork. We’ll have to make sure the system is reliable before hardforking our mainnet. So the timeline will be longer than with the Lyra2REv3 hard fork.
Some people in the community have voiced concerns about the fact that Verthash development is not being done “out in the open”, i.e.: the code commits are not visible on Github. The main two reasons for us to keep our cards to our chest at this stage are: (1) only when the entire system including miners has been coded up can we be sure the system works, we don’t want to release preliminary stuff that doesn’t work or isn’t secure. Also (2) we don’t want to give hardware manufacturers or mining outsourcing platforms a head start on trying to defeat the mechanisms we’ve put in place.

Links and Resources

· Twitter: https://twitter.com/Vertcoin
· Donations: vertcoin.org/donate
· Join our Discord: https://discord.gg/vertcoin
· Reddit: https://www.reddit.com/vertcoin/
· Official Website: https://vertcoin.org/
· Facebook: https://www.facebook.com/vertcoin
· Vertcoin Talk: https://soundcloud.com/vertcoin-talk
· Youtube: https://www.youtube.com/vertcoin
submitted by Canen01 to gpumining [link] [comments]

Continuous Pool Disconnection & 0 Mh/s Speeds

What's up internet/fellow miners. About a week ago I've made the decision to turn my gaming PC to a mining rig. I've had some success solo mining with nicehashminer (Bitcoin miner) but decided that it would be better to mine Ethereum. I've followed the guide and kept coming across these issues. . . I don't know if it's because my config files are whack or another underlying issue.
(EDIT) Connected to us1.ethermine.org:4444 now i'm getting different issues. Here are my most recent logs.
11:11:21:867 c20 args: -epool us1.ethermine.org:4444 -ewal 0x390C9630e0672Eb1DD15D2Eb3891B07069e6c6F2.lightsdriftminer -epsw x 11:11:21:869 c20 11:11:21:878 c20 ÉÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍ» 11:11:21:883 c20 º Claymore's Dual GPU Miner - v14.7 º 11:11:21:894 c20 º ETH + DCSIA/LBC/PASC/BLAKE2S/KECCAK º 11:11:21:896 c20 º Supercharged Edition º 11:11:21:899 c20 ÈÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍÍͼ 11:11:21:912 c20 11:11:21:914 c20 b745 11:11:22:117 c20 ETH: 2 pools are specified 11:11:22:125 c20 Main Ethereum pool is us1.ethermine.org:4444 11:11:22:128 c20 DCR: 0 pool is specified 11:11:22:200 c20 OpenCL platform: NVIDIA CUDA 11:11:22:201 c20 AMD OpenCL platform not found 11:11:22:441 c20 CUDA initializing...
11:11:22:442 c20 NVIDIA Cards available: 1 11:11:22:443 c20 CUDA Driver Version/Runtime Version: 10.2/8.0 11:11:22:444 c20 GPU #0: GeForce GTX 960, 4096 MB available, 8 compute units, capability: 5.2 (pci bus 1:0:0) 11:11:22:445 c20 Total cards: 1 11:11:26:468 c20 NVML version: 10.430.86 11:11:27:273 c20 SSL: Imported 60 certificates from local storage 11:11:27:308 33f8 ETH: Stratum - connecting to 'us1.ethermine.org' <172.65.218.238> port 4444 (unsecure) 11:11:27:331 33f8 sent: {"worker": "eth1.0", "jsonrpc": "2.0", "params": ["0x390C9630e0672Eb1DD15D2Eb3891B07069e6c6F2.lightsdriftminer", "x"], "id": 2, "method": "eth_submitLogin"}
11:11:27:332 33f8 ETH: Stratum - Connected (us1.ethermine.org:4444) (unsecure) 11:11:27:375 c20 No pool specified for Decred! Ethereum-only mining mode is enabled
11:11:27:383 c20 ETHEREUM-ONLY MINING MODE ENABLED (-mode 1)
11:11:27:385 c20 ETH: eth-proxy stratum mode 11:11:27:386 c20 Watchdog enabled 11:11:27:388 c20 Remote management (READ-ONLY MODE) is enabled on port 3333 11:11:27:397 c20
11:11:27:404 33f8 buf: {"id":2,"jsonrpc":"2.0","result":true}
11:11:27:405 33f8 ETH: Authorized 11:11:27:412 33f8 sent: {"worker": "", "jsonrpc": "2.0", "params": [], "id": 3, "method": "eth_getWork"}
11:11:27:468 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xa4dc2ea0667952442926fb027314fd0cd783cb300063809c3ce279d84884953f","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df052"]}
11:11:27:505 1cf8 Setting DAG epoch #275... 11:11:29:851 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xb34311e461aeedbc6e19ff26eb477bb24241f67c6fcca04ae0ce5c9ea9416c9b","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df052"]}
11:11:29:852 33f8 ETH: 07/30/19-11:11:29 - New job from us1.ethermine.org:4444 11:11:29:853 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:29:855 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:29:856 33f8 ETH: GPU0 0.000 Mh/s 11:11:30:189 1cf8 Setting DAG epoch #275 for GPU0 11:11:30:192 1cf8 Create GPU buffer for GPU0 11:11:33:056 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x246dfc2d4c7299214c5bff6890eaec46e95326f10a0f7778a2c3711893fc20eb","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:33:058 33f8 ETH: 07/30/19-11:11:33 - New job from us1.ethermine.org:4444 11:11:33:060 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:33:067 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:33:070 33f8 ETH: GPU0 0.000 Mh/s 11:11:33:114 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xffd191ec99473ea193905f976655434dc56a0818a92e0bc3f49759df4ce6a428","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:33:116 33f8 ETH: 07/30/19-11:11:33 - New job from us1.ethermine.org:4444 11:11:33:118 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:33:125 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:33:128 33f8 ETH: GPU0 0.000 Mh/s 11:11:37:182 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xa9a3b30ea8bb6f0f46147809276667bd3d72f0f54efab024a1014c5f3a2d2da5","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:37:184 33f8 ETH: 07/30/19-11:11:37 - New job from us1.ethermine.org:4444 11:11:37:186 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:37:193 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:37:259 33f8 ETH: GPU0 0.000 Mh/s 11:11:37:472 33f8 ETH: checking pool connection... 11:11:37:474 33f8 sent: {"worker": "", "jsonrpc": "2.0", "params": [], "id": 3, "method": "eth_getWork"}
11:11:37:515 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xa9a3b30ea8bb6f0f46147809276667bd3d72f0f54efab024a1014c5f3a2d2da5","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:41:214 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x08148d13c03fc8be24926cf555957aa73eebaa6fb9a0f7bc802f2e4a59b27508","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:41:216 33f8 ETH: 07/30/19-11:11:41 - New job from us1.ethermine.org:4444 11:11:41:218 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:41:225 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:41:247 33f8 ETH: GPU0 0.000 Mh/s 11:11:45:196 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x7ce7a4c8ff23af05ae5b2a100b57a704d55f0ba2b7f57e4f4d96e8115b643c5d","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:45:198 33f8 ETH: 07/30/19-11:11:45 - New job from us1.ethermine.org:4444 11:11:45:200 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:45:208 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:45:211 33f8 ETH: GPU0 0.000 Mh/s 11:11:47:486 33f8 ETH: checking pool connection... 11:11:47:488 33f8 sent: {"worker": "", "jsonrpc": "2.0", "params": [], "id": 3, "method": "eth_getWork"}
11:11:47:529 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x7ce7a4c8ff23af05ae5b2a100b57a704d55f0ba2b7f57e4f4d96e8115b643c5d","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:49:322 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x126f150e00540173459de4712848eeb5993cf40f015de6bef8e1b921b0ab1014","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df053"]}
11:11:49:324 33f8 ETH: 07/30/19-11:11:49 - New job from us1.ethermine.org:4444 11:11:49:326 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:49:334 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:49:337 33f8 ETH: GPU0 0.000 Mh/s 11:11:49:676 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x998033b4ddf28107f5b4d5e55b2d4cdf1ca5206ad5d1b0eacbf4a4a33e04c796","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df054"]}
11:11:49:677 33f8 ETH: 07/30/19-11:11:49 - New job from us1.ethermine.org:4444 11:11:49:678 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:49:682 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:49:684 33f8 ETH: GPU0 0.000 Mh/s 11:11:49:794 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xc29af38a326413d6ccee7806a33d6af54eb6118d2035c9f5e1e042cf355d61fa","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df054"]}
11:11:49:796 33f8 ETH: 07/30/19-11:11:49 - New job from us1.ethermine.org:4444 11:11:49:798 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:49:805 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:49:983 33f8 ETH: GPU0 0.000 Mh/s 11:11:51:336 1cf8 GPU0 DAG creation time - 20882 ms 11:11:51:339 1cf8 Setting DAG epoch #275 for GPU0 done 11:11:52:152 2664 GPU0 t=48C fan=45% P=45W 11:11:52:162 2664 Total GPUs power consumption: 45 Watts 11:11:52:404 3344 em hbt: 0, fm hbt: 78, 11:11:52:406 3344 watchdog - thread 0 (gpu0), hb time 1063 11:11:52:407 3344 watchdog - thread 1 (gpu0), hb time 1063 11:11:53:742 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xff392982f7826cc5d2c866c6e29cb156157adfb9390f546cabea7c37522410e1","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df054"]}
11:11:53:744 33f8 ETH: 07/30/19-11:11:53 - New job from us1.ethermine.org:4444 11:11:53:746 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:53:753 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:55:069 33f8 ETH: GPU0 0.000 Mh/s 11:11:55:350 1cf8 GPU 0, GpuMiner cu_k1 failed 30, unknown error 11:11:55:353 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:11:55:361 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:11:55:363 1cf8 GPU 0, GpuMiner kx failed 1 11:11:55:369 1cf8 Set global fail flag, failed GPU0 11:11:55:410 1cf8 GPU 0 failed 11:11:55:424 37fc GPU 0, GpuMiner cu_k1 failed 30, unknown error 11:11:55:432 37fc GPU 0, GpuMiner kx failed 1 11:11:55:436 37fc Set global fail flag, failed GPU0 11:11:55:440 37fc GPU 0 failed 11:11:57:502 33f8 ETH: checking pool connection... 11:11:57:504 33f8 sent: {"worker": "", "jsonrpc": "2.0", "params": [], "id": 3, "method": "eth_getWork"}
11:11:57:542 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xff392982f7826cc5d2c866c6e29cb156157adfb9390f546cabea7c37522410e1","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df054"]}
11:11:57:660 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x787a852f5ac545481815d71276fd0a24414e57d78626b67cb3cb9ba02cf4d0aa","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df054"]}
11:11:57:662 33f8 ETH: 07/30/19-11:11:57 - New job from us1.ethermine.org:4444 11:11:57:664 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:11:57:672 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:11:57:675 33f8 ETH: GPU0 0.000 Mh/s 11:11:58:418 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:11:58:429 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:00:381 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xd9a845fe323638bbfc0901441a5959e6f2e73b625dda369cc55a51d855896e03","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df055"]}
11:12:00:382 33f8 ETH: 07/30/19-11:12:00 - New job from us1.ethermine.org:4444 11:12:00:383 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:00:388 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:00:391 33f8 ETH: GPU0 0.000 Mh/s 11:12:00:490 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x4302100500931a1c914b488a598d8737ff3edbf3f3633468314d6c4e28dab922","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df055"]}
11:12:00:491 33f8 ETH: 07/30/19-11:12:00 - New job from us1.ethermine.org:4444 11:12:00:492 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:00:497 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:00:498 33f8 ETH: GPU0 0.000 Mh/s 11:12:01:488 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:01:500 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:04:502 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xde108059f93a8a4ea034bb5febc5150be8e60ae89581d5ff7d41bd418c8cb815","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df055"]}
11:12:04:504 33f8 ETH: 07/30/19-11:12:04 - New job from us1.ethermine.org:4444 11:12:04:506 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:04:514 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:04:518 33f8 ETH: GPU0 0.000 Mh/s 11:12:04:557 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:04:569 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:07:486 33f8 sent: {"id":6,"jsonrpc":"2.0","method":"eth_submitHashrate","params":["0x0", "0x00000000000000000000000000000000000000000000000000000000b5f052d5"]}
11:12:07:518 33f8 ETH: checking pool connection... 11:12:07:519 33f8 sent: {"worker": "", "jsonrpc": "2.0", "params": [], "id": 3, "method": "eth_getWork"}
11:12:07:525 33f8 buf: {"id":6,"jsonrpc":"2.0","result":true}
11:12:07:558 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xde108059f93a8a4ea034bb5febc5150be8e60ae89581d5ff7d41bd418c8cb815","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df055"]}
11:12:07:626 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:07:638 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:08:620 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x25869655f7de1b4af101faf41f51e59fa600e7fea8b139c90dbcfaa55b6c9fb6","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df055"]}
11:12:08:622 33f8 ETH: 07/30/19-11:12:08 - New job from us1.ethermine.org:4444 11:12:08:624 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:08:634 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:08:637 33f8 ETH: GPU0 0.000 Mh/s 11:12:10:592 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x31c0d6df2259de2b9db8cecd3ae97eadb63342697df59490297136aa71c2ac8d","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df056"]}
11:12:10:594 33f8 ETH: 07/30/19-11:12:10 - New job from us1.ethermine.org:4444 11:12:10:596 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:10:604 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:10:607 33f8 ETH: GPU0 0.000 Mh/s 11:12:10:696 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:10:706 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:10:768 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x428bacd8f4c294dccc3870b0402b8ea1ba9a5b578ef42309a312ea78e37e7ae4","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df056"]}
11:12:10:769 33f8 ETH: 07/30/19-11:12:10 - New job from us1.ethermine.org:4444 11:12:10:770 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:10:775 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:10:777 33f8 ETH: GPU0 0.000 Mh/s 11:12:11:654 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xf9a5e3322470de0aca5def6fbfa5c559e350f580687ec91f6c452e693b64084e","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df057"]}
11:12:11:656 33f8 ETH: 07/30/19-11:12:11 - New job from us1.ethermine.org:4444 11:12:11:658 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:11:676 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:11:679 33f8 ETH: GPU0 0.000 Mh/s 11:12:11:754 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x77acbeb5ef7ac259f42365da8bc180d934d14d7e61514475e431a74bb33092e8","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df057"]}
11:12:11:755 33f8 ETH: 07/30/19-11:12:11 - New job from us1.ethermine.org:4444 11:12:11:756 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:11:761 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:11:763 33f8 ETH: GPU0 0.000 Mh/s 11:12:13:764 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:13:767 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:15:902 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x61c461dc5d400f04c95e7af0113e2be581749c3aef0a73e79f615657bf79a17d","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df057"]}
11:12:15:904 33f8 ETH: 07/30/19-11:12:15 - New job from us1.ethermine.org:4444 11:12:15:906 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:15:914 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:15:917 33f8 ETH: GPU0 0.000 Mh/s 11:12:16:823 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:16:835 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:17:534 33f8 ETH: checking pool connection... 11:12:17:536 33f8 sent: {"worker": "", "jsonrpc": "2.0", "params": [], "id": 3, "method": "eth_getWork"}
11:12:17:575 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0x61c461dc5d400f04c95e7af0113e2be581749c3aef0a73e79f615657bf79a17d","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df057"]}
11:12:19:862 33f8 buf: {"id":0,"jsonrpc":"2.0","result":["0xac10bfccd03a5ada731630cbccba3733cfbccfecc5b9f531c6373ccd47cf9e71","0x05a66c07931e801a56d8e423677f6ff2ff4814d538d377e1253810b3520f97c9","0x0000000112e0be826d694b2e62d01511f12a6061fbaec8bc02357593e70e52ba","0x7df057"]}
11:12:19:864 33f8 ETH: 07/30/19-11:12:19 - New job from us1.ethermine.org:4444 11:12:19:866 33f8 target: 0x0000000112e0be82 (diff: 4000MH), epoch 275(3.15GB) 11:12:19:873 33f8 ETH - Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 11:12:19:876 33f8 ETH: GPU0 0.000 Mh/s 11:12:19:893 2664 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:19:903 2664 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:22:679 3344 em hbt: 0, fm hbt: 63, 11:12:22:680 3344 watchdog - thread 0 (gpu0), hb time 31344 11:12:22:682 3344 watchdog - thread 1 (gpu0), hb time 27281 11:12:22:684 3344 WATCHDOG: GPU error, you need to restart miner :( 11:12:22:759 11f8 NVML: cannot get current temperature, error 999 (an internal driver error occurred) 11:12:22:770 11f8 NVML: cannot get fan speed, error 999 (an internal driver error occurred) 11:12:24:035 3344 Restarting OK, exit...
Config File.txt -

WARNING! Remove "#" characters to enable lines, with "#" they are disabled and will be ignored by miner! Check README for details.

WARNING! Miner loads options from this file only if there are not any options in the command line!

-epool us1.ethermine.org:4444 -ewal 0x390C9630e0672Eb1DD15D2Eb3891B07069e6c6F2.lightsdriftminer -epsw x

-dpool stratum+tcp://yiimp.ccminer.org:4252

-dwal DsUt9QagrYLvSkJHXCvhfiZHKafVtzd7Sq4

-dpsw x

-esm 1 -mode 0 -tt 70 -asm 0
epool file.txt-

WARNING! Remove "#" characters to enable lines, with "#" they are disabled and will be ignored by miner! Check README for details.

POOL: eth-eu.dwarfpool.com:8008, WALLET: 0xD69af2A796A737A103F12d2f0BCC563a13900E6F/YourWorker, PSW: x, ESM: 0, ALLPOOLS: 0

POOL: us1.ethermine.org:4444, WALLET: 0x390C9630e0672Eb1DD15D2Eb3891B07069e6c6F2.lightsdriftminer, PSW: x, ESM: 1, ALLPOOLS: 0

POOL: coinotron.com:3344, WALLET: YourUserName.YourWorkerName, PSW: YourWorkerPass, WORKER: , ESM: 2, ALLPOOLS: 1, ESTALE: 1

POOL: us-east1.ethereum.miningpoolhub.com:20535, WALLET: YourLogin.YourWorkerName, PSW: YourWorkerPass, WORKER: YourLogin.YourWorkerName, ESM: 2

ANY HELP/GUIDANCE IS APPRECIATED
submitted by FlawlessPig to EtherMining [link] [comments]

Best Bitcoin Mining Software That Work in 2020 Solo Mining vs Pool Mining Best Bitcoin Mining Site  Legit Site  Real Payment Proof! Mine Bitcoin On Iphone - Mine Solo Or Pool? TOP 3 The Best Bitcoin Mining Pool 2017

The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. The number one location of Bitcoin Cash mining pool servers is China. Other countries with heavily distributed servers are the USA, Canada, the UK, Spain, Finland, and Austria. This is perhaps due to cheap electricity costs, as mining activity can be costly and usually takes place near the pool. Centralization of BCH Mining Pools Welcome to solo.ckpool.org! No frills, no fuss 2% fee anonymous solo bitcoin mining for everyone No registration required, no payment schemes no pool op wallets This is a NOT-FOR-PROFIT pool, all care is given but no responsibility is taken in the event of an issue with the pool. Support thread. Configuration: Just point your miner to: solo Profitable Bitcoin Gold solo mining pool. Stable payments. Low pool fee. Best mining pool 2020. Bitcoin Mining Pool Hash Rate Distribution. Bitcoin Mining Pool Options. For a fully decentralized pool, we highly recommend p2pool and Multipool.us. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.11 or later: BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining

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Best Bitcoin Mining Software That Work in 2020

BITCOIN: SOLO MINING VS MINING POOL! Bitcoin price analysis!- bitcoin may 29 - Duration: 12:45. Tech with Catalina 1,600 views. 12:45. How to Repair a DEAD Computer - Duration: 37:05. bitcoin mining bot, what is a bitcoin how does it work and bitcoin mining bot genesis mining nedir, www genesis mining com connection failed ... Solo Mining vs Pool Mining - Duration: 5:05 ... You can choose between pooled mining and solo mining – the software embeds a list of mining pools to choose from. Bitcoin Miner Machine is the premier Bitcoin Mining tool for Windows and is one ... There are two option mining solo or mining pool .This is the top 3 bitcoin mining pool that available to join. 1)GENISIS MINING *SMART *PROFITABLE *GOOD PRICE 2)BITCLUB NETWORK * ONE OF BIGGEST ... Whether it is cloud mining, pool mining or solo mining, our software can deliver the work to the network of miners at the fastest speed..--- 🔥 Best Bitcoin Mining Site Legit Site Real ...

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