Solo mining just for luck, realistic? - Bitcoin Stack Exchange

DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!

DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!

https://preview.redd.it/1hlax7cksas51.png?width=2000&format=png&auto=webp&s=6893e01650cfdd3a778df5705a0382ad8b382488
I have been working hard on the front-end of my pool for the past couple of months. Anyone who saw v1.0 will be shocked to see the progress it's made. It now has a fantastic front-end with detailed charts, graphs, and user stats, all in a sleek Bootstrap 4.0 layout.
Miners....come join us at https://Luckyblocks.ninja
I wanted to offer support for all Algo's, and initially, I did. But after talking with DigiByte developers, and taking their advice this was changed to support only Scrypt and SHA256D. Until ProgPOW is implemented GPU mining is pointless, so this ultimately is why I chose Scrypt and SHA256D.
Another feature of the pool is BTC and LTC Solo Mining for any of you guys out there that have some gear that's not profitable to mine with anymore and just want to play the blockchain lottery. Wouldn't it be nice to wake up with 6.25 Bitcoin in your wallet one morning?
General Pool Features are:
  • Asic-Boost Supported
  • Ultra-efficient handcrafted code
  • Transaction fees paid to miners
  • VarDiff & Static Diff Supported
  • Anonymous mining to your wallet
  • Solo Mining
  • No withdraw fees
  • No registration
  • No pool wallets
Ready to join up? Head over to https://Luckyblocks.ninja to get started.
PS - Did I mention we're going to give one lucky miner 50,000 DigiByte?
Want to know more about the Giveaway? https://Luckyblocks.ninja/faq
submitted by WeDontServeYourKind to Digibyte [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]

New-ish Player's Guide++

I did a guide a month ago for new players here, this guide is a continuation on that: https://www.reddit.com/EscapefromTarkov/comments/e9smrv/new_players_guide_extended/
If this is your first week, this games amazing and worth it. In the meantime read this guide to start:
https://www.reddit.com/EscapefromTarkov/comments/e515ub/influx_of_new_players_means_its_time_for_a_guide/
I wanted to do a follow up guide after doing ~30ish runs on each map this month to get the current meta of each and review various armors because I'm slightly bored after all the quests and max hideout is done but this game is just too addicting to stop playing. It also helps that I've had 8 friends buy the game in the last few weeks so this is easier than explaining to them one at a time. If anyone sees anything incorrect please feel free to correct me and if there's any other questions post in comments/pm me.

General Tips Continued:

Maps

TLDR: Shoreline for money, Interchange for consistency, Customs for quests, Factory/Labs for fights.I did a brief overview on money runs on various maps in my previous guide, but wanted to update those maps in light of recent changes to spawns and my experiences over the past month or so testing all the maps out. In profitability order:
Shoreline - With the new addition of 6-8 LedX spawns, shoreline has become king for money. It takes the high reward possibility of Labs and mixes it with the consistent loot value of Interchange with the only draw back being the need for keys, which I purchased for around 3-4 mil for all good loot rooms ( 15 keys in total). This is a steep investment, but it is a one time cost, and completely worth it. You can expect an LedX about 1/7 raids clearing most LedX rooms. I got 5/36 shoreline runs, clearing most rooms about 2/3rds of the time, dying or being beaten to the rooms in the other 1/3. Unlike labs, however, these are just the cherry on top of consistently amazing loot in the rooms with easy extracts to boot. The big draw back is popularity, I run into at least 2-3 PMCs at the resort, usually 4-5 with a duo or squad tossed in the mix. They're usually tier 3-4 geared (I go tier 5 but don't recommend that unless you're good with losing a mil to a lucky mosin shot) and have a bad habit of hiding in rooms and ambushing.
Interchange - For consistent mid value barter items, Interchange is your map. Nothing has changed from my original assessment, tldr version being run Oli shelves and the 3 tech stores next to it for about 500k-1 mil per extract, assuming you bring a decent bag and rig. This map has dropped in popularity with the Shoreline buff, but be on the look out for tier 5 geared PMCs doing their 100 Killa kills grind and the ever present extract campers.
Reserve - This map still has great high value drops, less frequent than Interchange but with higher average value and requiring less keys than Shoreline. The massive drawback here is extract difficulty. If you can afford it, para-cord with the ice-pick for the repel extract is recommended as you just have to ditch/bag chest armor and you're out. Losing a bag for the manhole has required many a painful pick and chose for me recently and the door just isn't consistent, sometimes the button will be pressed but its still locked, other times its just open. Its a fun PvP map, but for money its just not beating the two above.
Customs - This map just really isn't for money, its for quests. But with the addition of the new stashes spread throughout the map you can make decent money whilst running the quests. See my past guide/the link below for stash runs.
Factory - Wait, Factory over Labs? Customs over Labs? Yes, I'm getting to that. So why Factory? Because quick, hit and run style or longer scav pileup at a choke-point style runs can net you tons of experience along with a big stack of weapons and decent loot from scav pockets. Solos try the upper hallway office/breakable door, the bottom pipeline hallway curve, or extract choke-point. Duos and squads can hold down the shower doors with ease.
Labs - People who have read my previous guide might be surprise this is last. The issue with labs is its completely dependent on high level item spawn rates. Labs is my favorite map, I could write a lengthy separate post about everything labs. At the beginning of the wipe, labs was ludicrously OP. You could spawn in and expect a 1/3 chance of an LedX (2.5 mil at the time) along with 2-3 other 400k+ items spawning in each raid. This resulted in 10's of millions in profit. Then they released Shoreline LedX spawns and turned off labs LedX. The barrel spawn was completely dead (50+ runs and nothing) and the two other (at the time) known locations had maybe a 1/25 rate. You could expect maybe 1-2 other drops per raid and it was now crowded with PMCs. It was difficult to turn a profit doing geared runs, and I lost millions. Today its slightly better, there are 3 new LedX spawns and the barrel spawn has a 1/7-10 (still testing) rate but everything has plummeted in price (VPX is less than 200k now) and you can expect 3-6 tier 5 geared PMCs plus raiders to be skulking around. Great for fights, terrible for money. Though extracting will often bring huge rewards in gear alone in current state.
... - Feel like I'm forgetting one... Hmm... Nah they wouldn't put a thermal ridden snipe happy map in the game with no loot spawns and lots of annoying quests. (Don't @ me Woods fans)

Armor

TLDR: Highest level armor not worth, high level ammo makes everything vulnerable. Not doing the same tiers (see previous guide) but the actual armor level itself. For actual setups with armoweapons see my previous guide.

Does this mean you should never run good armor? No. What it means is you should be aware you are likely losing value/money by doing so at higher tiers. Better armor will help you survive more raids, help with quests, and is a sign of being a more established player. But you are trading a LOT more money for smaller advantages in return, making it hard to recommend the more expensive armors in the game to anyone who can't handle multiple instant deaths in a row losing 500k-1mil.

Links to helpful stuff and vids

Ammo Spreadsheet (focus on armor pen power above all): https://docs.google.com/spreadsheets/d/1_l-gYeSt2MqIw62EdMZt_wefG0yO9L7dTaRM74c2J1w/htmlview?sle=true
Best in Slot guide to weapon modding (Shout out to Virion this guide is amazing work) : https://docs.google.com/spreadsheets/d/1yHyVEVB5oN0qL_pR1qTNP1_ICmzJ3SCFJQNb6XDM_DQ/htmlview?usp=sharing&sle=true
Every map key guide (I used as a guide for Shoreline keys mostly): https://www.youtube.com/watch?v=yzGsoK-dkkY&t=931s&ab_channel=Pestily
Shoreline LedX spawns (Note: he and Pestily have some different spawns, I check both): https://www.youtube.com/watch?v=ndVWwscyJW4&t=112s&ab_channel=Piranha
Interchange Loot guide (I only focus on the 3 tech stores near Oli and Oli itself): https://www.youtube.com/watch?v=E7GJnZLfczY&ab_channel=VoX_E
Customs Stash Run: https://www.youtube.com/watch?v=H7b7zVwN6wA&ab_channel=Pestily
How I learned Labs this patch:
See key guide lab section above.
The main spawns in the first part of this video: https://www.youtube.com/watch?v=UxUWWOj9R0U&t=758s
I used to combine a bunch of different videos but this guy does a solid job of getting all of them: https://www.youtube.com/watch?v=FTMKJvdDbxI&t=319s&ab_channel=AlekkerTv
Learn all the extracts before running the labs: https://www.youtube.com/watch?v=OyWCznHKugM

This guide was brought to you by: Tarkov 2020 Wait Times! Averaging 20 minutes or more per raid giving me plenty of down time to type it up! I joke but I really do hope they fix this soon, and to new players this is a very uncommon issue. BSG has never let us down before.
submitted by Boredmatt14 to EscapefromTarkov [link] [comments]

How do i direct MultiMiner to my wallet?

Short story: I got electricity included and want to leave my gaming PC on solo mining while on work, hoping to be lucky and coming home to a warm apartment.
I've downloaded MultiMiner and it recognises the hardware and can mine. How do i ensure i get it on my wallet, which is the bitcoin core program on my own PC, in case i happen to mine one?
submitted by FaxDwellerCat to Bitcoin [link] [comments]

Stupid Question: Is solo mining like tossing a >Trillion sided die or is it like flying a slow ship to a far away star?

I'm thinking of starting my own small passive solar powered mining farm to earn some satoshis just incase bitcoin goes up really high years from now.
And was wondering if it would be possible to have half of the farm do solo mining. Just incase I somehow get lucky over the years its running.
But will it ever be possible or is it just like a spaceship, trying to reach its destination, but never getting close because of the rate of expantion.
I don't really mind the initial start up costs, and its going to be a passive rig that I'll leave running on its own for hopefully the following years.
submitted by Inconsequential88 to Bitcoin [link] [comments]

How do I mine Dogecoin?

How do I mine Dogecoin?
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you!
Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined!
So, what is Dogecoin mining?
You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you!
So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started.
A (Very) Short History of Dogecoin
In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own.
Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved.
They decided to use a popular meme as their mascot — a Shiba Inu dog.

https://preview.redd.it/rymnyyz1iil31.png?width=303&format=png&auto=webp&s=f138e3fe56eef9c6b0e7f49b84fefc41fb83e5aa
Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot!
Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome!
Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content.
Dogecoin has the 27th largest market cap of any cryptocurrency.
Note: A market cap (or market capitalization) is the total value of all coins on the market.
So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you?
Next, I want to talk about how mining works…
What is Mining?
To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank.
Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks.
Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!).
Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive.
Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”!

https://preview.redd.it/rcut2jx3iil31.png?width=598&format=png&auto=webp&s=8d78d41c764f4fe4e6386da4f40a66556a873b87
It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins!
Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered.
So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see…
What is Dogecoin Mining?
Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is!
Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section.
Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations.
The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain.
Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
  • Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
  • Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
  • Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
  • Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin…
Mining Comparison
Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them.
Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium!
Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too!
Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars!
However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin.
Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try?
Let’s see what you need to do to become a Dogecoin miner…
How to Mine Dogecoin
There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool.
Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally.
Dogecoin Mining: Solo vs Pool
When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin.
If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees.
As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about!
What You Need To Start Mining Dogecoin
Before you start Dogecoin mining, you’ll need a few basics. They are;
  • A PC with either Windows, OS X or Linux operating system.
  • An internet connection
  • A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet.
Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure.
There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core.
Now that you’ve got a wallet, you need some software and hardware.
Dogecoin Mining Hardware
You can mine Dogecoin with;
  • Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
  • A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
  • A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software
Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
  • CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
  • GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
  • Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
Recommendations
You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool.
If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option…
Dogecoin Cloud Mining
Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you.
All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee.
There are pros and cons to Dogecoin cloud mining;
The Pros
  • It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
  • As a beginner, there isn’t a lot of technical stuff to think about.
  • You get a steady supply of new currency every month.
The Cons
  • Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
  • You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
  • Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
  • It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin?
So, Is Dogecoin Mining Profitable?
The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small.
However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin!
But why? Seriously…
Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved.
Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that!
Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
submitted by alifkhalil469 to BtcNewz [link] [comments]

Why I just sold 50% of my bitcoins: GHash.IO

tl;dr: GHash.IO shows that the economic incentives behind Bitcoin are probably very flawed, it might take a disaster to get the consensus to fix it, and if that happens I want to make sure I can pay my rent and buy food while we're fixing it.
I made a promise to myself a while back that I'd sell 50% of my bitcoins if a pool hit 50%, and it's happened. I've known for awhile now that the incentives Bitcoin is based on are flawed for many reasons and seeing a 50% pool even with only a few of those reasons mattering is worrying to say the least.
Where do we go from here? We need to do three things:
1) Eliminate pools.
2) Provide a way for miners to solo-mine with low varience and frequent mining payouts even with only small amounts of hashing power.
3) Get rid of ASICs.
Unfortunately #3 is probably impossible - there is no known way to make a PoW algorithm where an ASIC implementation isn't significantly less expensive on a marginal cost basis than an implementation on commodity hardware. Every way people have tried has the perverse effect of increasing the cost to make the first ASIC, which just further centralizes mining. Absent new ideas - ideas that will be from hardware engineers, not programmers - SHA256² is probably the best of many bad choices. (and no, PoS still stands for something other than 'stake')
We are however lucky that we have physics and (maybe) international relations on our side. It will always be cheaper to run a small amount of hashing power than a large amount, at least for some value of 'small' and 'large'. It's the cube-square law, as applied to heat dissipation: a small amount of mining equipment has a much larger surface area compared to a large amount, and requires much less effort per unit hashing power to keep cool. Additionally finding profitable things to do with small amounts of waste heat is easy and distributed all over the planet - heating houses, water tanks, greenhouses, etc. As for international relations, restricting access to chip fabrication facilities is a very touchy subject due to how it can make or break economies, and especially militaries. (but that's a hopeful view)
Solving problem #1 and getting rid of pools is probably possible - Andrew Miller came up with the idea of a non-outsourceable puzzle. While tricky to implement, the basic idea is simple: make it possible for whomever finds the block to steal the reward, even after the fact, in a way that doesn't make it possible to prove any specific miner did it. Adding this protection to Bitcoin requires a hard-fork as described, though perhaps there's a similar idea that can be done as a soft-fork. Block withholding attacks - where miners simply don't submit valid solutions - could also achieve the same goal, although in a far uglier way.
Solving problem #2 and letting miners achieve low varience even with a small amount of hashing power is also possible - p2pool does it already, and tree chains would do it as a side effect. However p2pool is itself just another type of pool, so if non-outsourceable puzzles are implemented they'll need to be compatible. p2pool in its current form is also less then ideal - it does need a lot of bandwidth, and if you have lower latency than average you have a significant unfair advantage. But these are problems that (probably) can be fixed before adding it to the protocol. (this can be done in a soft-fork)
Do I still think Bitcoin will succeed in the long run? Yes, but I'm a lot less sure of it than I used to be. I'm also very skeptical that any of the above will be implemented without a clear failure of the system happening first - there's just too many people, miners, developers, merchants, etc. whose heads are in the sand, or even for that matter, actively making the problem worse. If that failure happens it's quite likely that the Bitcoin price will drop to essentially nothing - not a good way to start a few months of work fixing the problem when my expenses are denominated in Canadian dollars. I hope I'm on the wrong side of history here, but I'm a cautious guy and selling a significant chunk of bitcoins is just playing it safe; I'm not rich.
BTW If you owe me fiat and normally pay me via Bitcoin, for the next 2.5 weeks you can pay me based on the price I sold at, $650 CAD.
submitted by petertodd to Bitcoin [link] [comments]

Diary of a Douchebag: FC does a gun show, Part 2.

Friday, 1PM: I leave work early. I have to set up for the gun show early because the only time my mechanic has for the alignment rack for the next week and a half is friday afternoon and I am in need of an alignment to keep my Michelin Defender's in a nice predictable wear pattern.
My loadout this weekend includes a whole bunch of the usual stuff, Colts, Sigs, HK's, Glock's a few Springfields and four Daniel Defense rifles and an FN SLP Mk 1. I haul over a few used guns that I just took on trade too, a Tavor 556 LH and a Mossberg 500 that I got for $100 off someone wanting to trade it towards a new Glock 23. Four trips with the hand truck gets everything in before the rain starts.
I have reserved two tables but I have enough merchandise to cover three. The exhibitor tells me tables went up so two tables cost me $160 for the weekend and I consider it a small expense to view the express train to hell that is the gun culture.
45 minutes flies by as I set up my table just the way I want it and I get to Lenny's to get my alignment done. He's been doing an alignment for me no charge for the past 3 years after I told him NOT to buy an old Browning shotgun he fell in love with on gunbroker. He wanted to use it for upland hunting, sporting clays, skeet and anything moving through the air killing. It was an old gun that had FIXED barrel chokes - Full and Full. I told him RUN LIKE HELL. He said my advice saved him from a $1500 mistake and the least he can do is keep my car on the road no charge. He gets my car set up on his $80,000 hunter alignment rack and finds my toe in is way out of spec. He spends a few minutes banging around with a wrench and everything is all good. As he's doing that, since I know he won't take my money - I walk to the 7-11 across the street and grab him a tall boy of Rolling Rock. His week is so shitty that he shotguns it faster than Brett Kavanaugh circa 1982. Time to head home. I'm halfway there when the phone rings ring ring
FC: Go for FC
1: Hey FC, it's Captain Bob. How's it going?
FC: Good! I got your stuff fixed and ready to go on my desk.
1: I can be there in 15 minutes!
FC: I'll turn around, see you in 15.
Captain Bob is a four stripe left seat pilot for Delta on the triple. We love talking airplanes and guns. He's had me tune up an old 220 he wants to use at a class he's taking at FLETC later this year. Like a good pilot, he believes in a comprehensive pre flight inspection. And since his type rating says B777 and not P220, he wanted someone to make sure he's not taking a dud to class. All I did to it was give it a visual, clean and lube and although it probably didn't need it - it had a 20 year old recoil spring so I installed a new one just as a precaution.
I get back to my desk and get his gun ready, cleared and slide locked back as he walks in the door. He just got home from running a 777LR to Johannesburg and back and is very pleased to see his old 220 ready to roll. I take my glasses off and point out he's got a little bit of slide peening in a few spots but just keep it lubricated and it's normal wear and tear since he does not shoot it much.
He asks me if I have any 300 blackout ammo, I pull a case of 220gr OTM off the shelf. I tell him $450 on the ammo and the pistol inspection and recoil spring is on the house and he's having none of it. Hands me five crisp hundos and tells me to keep it. Just as I'm tucking the cash into my desk drawer, my door opens up and since I'm not wearing my glasses - I see a blurry silhouette of.....is that wonder woman? HUGE TITS on a small frame. I can't tell what's going on.
FC: Hi!
Lady: Hey FC, it's Lisa. I was just getting my wedding dress altered next door and wanted to say hi!
FC: Oh hey! I'm not wearing my glasses so I have no idea what's happening!
Lisa: See you tomorrow!
FC: I'l be there! So anyways Bob, that was strange. I am normally not used to having my door flung open by halfway attractive women.....
Bob: Neither am I! You should see some of the FA's on the J'burg route!
We have a laugh. Some more airplane talk about the old 72's and I tell him about the time I greased it in the box on the A320. Turns out he flew A320's as well as boeings and we revel in the differences in both the airplanes. I really like the Airbus design and their workflow even though Boeing guys love to hate it. He's happy with his 220 and we pull chocks.
I head home, throw a ribeye on the grill and go to bed early. I've got a busy day in the morning.
Saturday morning I wake up at 7AM and look at my to do list. Shit shower and shave. The gun show closes at 5. Lisa's wedding is at 6. The venue is at the lake 39 minutes from the VFW hall. I have a plan. I will leave STRAIGHT to the venue from the gun show and I'll put on dress clothes below the belt. After all, how often do you look at another man's pants? I throw on an HK black NO COMPROMISE Polo shirt untucked with a black alligator belt and Canali navy slacks with my new Allen Edmonds boulevards in black. Socks by Brumell and boxers by Fruit of the Loom. I walk into the VFW hall with a non iron Lauren white spread collar shirt, Ted Baker tie and Canali jacket slung over my shoulder. Nobody notices the pitter patter sound of leather soles on the concrete as the show starts coming to life.
It's 8:55. Lets get this show on the road.
The loudspeaker crackles and lets everyone in the hall know the doors are about to open up and asks us to check all our guns for ammo and zip ties. I get my table ready and pull out my 4473's on clipboards and check my pens. FFL in frame is standing up on the table, everything is tagged and tied. There will be no discharge of firearms at my table as a result.
9AM: Show opens. It's dead. Deader than dead. Like, life support dead. Typically there is a line from the entryway of the hall and around the building to get into the show every time.
This is not the show of years ago. This summer has been atrocious. I talked to the promoter and lots of vendors did not reserve tables for this and the next show. The numbers are way down.
Some people start to trickle in but it's not a good sign.
9:30AM: A fellow walks up and asks me if I have a Sig 226 TACOPS with TB in stock. I don't but vendors do. He drove 2 hours to this show to try and find one since his local place did not have it. They're on contract with sig and refuses to order one from distribution to make him happy and Sig has no idea when they're going to make more out of New Hampshire. Well, thanks to Ron Cohen making 26 SKU's for every single pistol - that's what you get.
9:41AM: Fellow wearing an INFOWARS shirt molests way too much merchandise on my table than I'm comfortable with. I shoot a knowing eye roll to Noah over at the next table. He's a 27 year old jewish gold bullion dealer from Long Island that votes libertarian and laughs at all my jokes. He adjusts his RON PAUL FOR PRESIDENT banner hanging off the edge of his table as I wait for Finger McBangerson here to go away so I can wipe down all my stuff.
10:23AM: Guy walks up to me and he says he's looking for a shotgun for competition. I point him towards the SLP at the end of the table.
10:24AM: Older fellow walks up to me and says he's looking for a gun for his wife as he lifts up a Colt Commander. I tell him that will definitely kill his wife. Guy looking at the SLP cracks up laughing. Older guy looks at me mortified. Then he gets the joke. Asks me about suitability of a steel framed colt commander for her. I say probably not a good first choice. Perhaps you should send her to an NRA basic pistol class.
10:39AM: Guy asks me what's the best I'll do on a Glock 17L. I tell him the tag is already priced more than fair. He asks if he can buy it with cash if he can get a discount. I'm like let me see. I ask him if he's got a state CWL. He says yes. I take off $20. He says it's a deal, hands me a stack of money, current CWL and a California drivers license.
FC: Do you have residency in this state?
1: No, I'm here visiting for work
FC: And you want me to sell you a gun with a California drivers license and no residency?
1: DUDE! KEEP IT DOWN! Do you have any idea what would happen if people found out I didn't live here?
FC: YES I DO! They wouldn't be a party to you breaking the law!
I hand him all his shit back and tell him to get on the next flight to Fresno.
12:01 PM: Lunchtime. I pick up my sammich from Jersey mikes and nobody fails to interrupt me to throw money at me. This is not a very good sign.
12:16 PM: I am scarfing down the last of my sandwich as Infowars shirt guy comes back around. We chat a bit about 1911's and he eventually tries to convince me that I need to buy the water filter that Alex Jones is selling to keep us from turning homosexual. I tell him now I'm not gay, but look at these shoes. I pull my left hock up and put a nice shiny new Allen Edmonds boulevard on the table. He seems to recoil in horror. As he walks away, I tell him he didn't even notice that I had them straight laced! They're fabulous!
Nobody understands my humor.
12:33 PM: The vendor to the left of me is selling clothing offensive to the left. MAGA hats, anti snowflake shirts, ISIS hunting permit graphic tees, etc. I debate calling one of my guys and having "MAKE 45ACP GREAT AGAIN" hats made up. I call up r_shackleford and he thinks this is genius. We trade witty banter back and forth for a few minutes.
12:49 PM: The vendor in front of me is a gigantic pawn shop with 16 tables. There's a woman trying to sell them a rifle, and not succeeding at all. Sam looks over at me and points and says to her "you know, he buys guns too!"
FUCK YOU SAM.
FUCK YOU LONG.
FUCK YOU HARD.
The hambeast approaches and thrusts a rifle in my face. "WE BUILT IT CUSTOM" she says. "I NEED MONEY FOR CHEMO" she says. The barrel says 223 Wylde. The lower says Aero Precision. The price tag says $1500 OBO. I tell her she'd be lucky if she got HALF that in this economy. She complains that they really need the money and her two demon spawn that are traveling with her seem to be tired of her getting the same speech from every vendor in the hall.
NO YOUR GODDAMN HOMEBUILT 223 WYLDE AR15 IS NOT WORTH $1500
It's not even worth $750
It's worth MAYBE the same price as a new PSA rifle - $350, $450 tops if you threw in the little girl.
Editors note (start voice over here): Hi, I'm Matt Damon. Human trafficking is no laughing matter. For just a small donation of $50 or more, you can fight human trafficking. I prefer that you donate to Rapha House International, a charity dedicated to preventing sex trafficking and providing care and treatment to its victims. If you go to the post in the top of guns and donate, you can even stop shitposters like FirearmConcierge from posting stuff like this for the rest of the month if you donate enough money. This sort of support can only be made possible from viewers like you. Please, donate today. Stop the suffering. For the little girls. For reddit. For America.
The lady looks at me like a truck stop rapist and inevitably proclaims that SHE KNOWS WHAT SHE'S GOT. Words fail me. I shake my head as she walks away with her demon spawn and I shoot a look back at sam and mouth very carefully YOU FUCKER back at him. Sam cracks up laughing.
1:12PM: I'm asked if that's a Dead Air Sandman on my table. I say yes. Guy asks to look at it and explains to his friend that it's a DAA Sandman and talks about the mounting system.
FC: You know your stuff.
1: Yeah I just bought one.
FC: I'm the only DAA dealer around here, you don't look familiar. Who'd you get it from?
1: Silencershop. Used the kiosk at a dealer in another city 1.5 hours away
FC: Uh, I stock the sandman and would have made you a deal. Why'd you do go through them if you don't mind my asking?
1: Well it was a timesaver.
FC: How's that? I mean that place I know is an hour and a half away without traffic, so you made a trip there to do your stuff - then back. That's 3 hours. Then another 3 hours after your stamps clear - so that's 6 hours in a car total. I can call the PD, make an appointment for you to roll your prints and you're done in 15 minutes. Photos at CVS are another 15 minutes. How is 6 hours a timesaver instead of 30 minutes?
1: Well I just knew that if I had to make more than one stop I'd never do it, so it was spend 6 hours in a car and get it done in one shot or spend 15 minutes doing fingerprints or photos and being too lazy to do the other one and never sending in the paperwork. So this was the better choice for me.
FC: Uh. Okay?
1: Why don't you have a kiosk?
FC: I'm not paying $9000 for something that's going to save you time and cost me money and then have to deal with being tech support and having a device in my place of business that compresses my own margins. We're down to making $50 on a can from making $350. This isn't a position I'm interested in taking.
1: Well, sucks to be you. I'm buying all my cans from silencershop now!
FC: Enjoy your 6 hour drive.
1:30 PM: Man walks up with an old stainless combat commander colt. Series 70. No original box and sights. Looks well used.
Thinks I’m crazy when I say I won’t give him $1000 on trade.
1:39 PM: Guy comes back. Guy wants me to put a can on his 1917 eddystone that is not threaded. He asks what he can get for $150
1:45 PM: Lady picks up a Trijicon RMR and asks to turn it on. I shove a battery in it and turn it on.
1: This is a laser sight right?
FC: This is an RMR from Trijicon and RMR stands for Ruggedized Miniature Reflex sight - it uses a laser of sorts and projects it onto this lens here....
1: THIS COSTS $500? AND IT DOES NOT EVEN PUT IT ON THE TARGET?
FC: Well if you just look through the lens here you can see the red dot projected onto the glass.....
1: I CAN BUY A $30 LASER POINTER AND DUCT TAPE IT TO MY GUN AND I'D BE $470 CHEAPER AND IT WOULD PUT THE LASER ON THE BAD GUY! WHAT IS THIS GARBAGE YOU'RE TRYING TO SELL?
She walks away. My mouth is agape.
2:15PM: Old guy walks up and points at a Glock 34 I have on the table. MY FRIEND BOUGHT A GLOCK IN 89 WITH NYPD AND SHOT HIMSELF HOLSTERING IT. I DONT TRUST THE DAMN THINGS and shuffles away without me having time for a rebuttal
2:21PM: Someone walks up asking me if I want to buy a used les Baer Comanche. I tell him I buy when I can make money. I look at it. It’s clean.
He wants $1600. Street is about $1600, that's all the money. Street the gun sells for about $1799 NEW, which means I can buy it for less than $1600 new. I tell him this. He looks at me like Elizabeth Warren looks at Brett Kavanaugh and shuffles away. I shake my head as I notice a familiar face walk up. I can't place it. He looks at some guns.
2:25PM: I'm asked if I have a card from the familiar stranger. I reach down into my wallet and fish one out, I hand it to him and he smiles at me. It finally clicks.
FC: Dr Livingstone, I presume.
Doc: I haven't seen you in years, how have you been?
(The doc is FC's old therapist. He can't say hi to me walking around due to HIPAA but if I open a dialogue, it's okay)
FC: Eh, same old shit different day. I uh made some mistakes a few weeks ago and I thought of you.
Doc: Oh really? How so.
FC: Well uh. You remember that day when I told you to go back to the Office of the Bursar at UCLA and ask for a refund on your $125,000 post graduate education because it was nothing but academic detritus?
Doc: Well, I hadn't thought about it for a few years but it sounds like something you would say.
FC: It was right after you told me that I used 3 different quotes from 3 different academics in a span of less than 5 minutes to answer your question. You said that I intellectualize as a defense because I don't like getting close to people. I said you're full of shit. You asked me do I even know what intellectualize means? I said of course I know what it means, what do you think I'm some kind of idiot? Then you sat there grinning like a Cheshire cat at the thought of making me eat my own words.
Doc: Haha. Now, that sounds familiar. I remember that.
FC: Well I don't know how many patients are willing to say it but you were right and I was wrong.
Doc: I don't get much pleasure in hearing that, but did you learn anything about yourself?
FC: It took a few years to realize you may have been right all along but yeah.
Doc: Then what does it matter who's right or wrong as long as you learned something?
FC: Hmm. That's not bad. How's business?
Doc: Full appointment book and not taking new patients.
FC: I guess you could say it's........a little crazy?
Doc: I missed your humor. Tell me about this Glock 45...
I show him a few different guns and crack jokes about disgruntled patients. He says he'll think about arming himself what with crime and mentally unstable people being growth sectors in this post-trump apocalyptic nightmare. I tell him to be fore warned is to be fore armed. He seems reticent, but I can only lead the horse to water. I can't make him drink.
2:51PM: Fellow walks up.
1: I need a colt ladysmith. Do you have one?
FC: the colt or the ladysmith?
1: The colt ladysmith
FC: is it a colt or a smith?
1: smith
FC: which model?
1: the ladysmith!
FC: I know but I need to know what model. They put that on a bunch of different guns
1: it’s the one with writing on the side of the gun. It says. LADY SMITH on it. You know the one
I realize the strongest case for repealing the second amendment is spending a day talking to people at the gun show.
3PM: Two hours left to go! The end is in sight! I haven't sold a single fucking gun yet!
3:02 PM: Man walks up. Hey do you have the new Sig 925?
FC: You mean 365?
1: No the 925
FC: Sig does not make a 925
1: Yes they do, it's the new one.
FC: The 365?
1: No! The 925!
FC: Can you show me a picture?
1: It's the one on the magazine.
FC: Most of sigs guns have magazines.
1: I mean the one in print. It's on the cover.
FC: The cover of the periodical you mean?
1: Yeah! You know the new one!
FC: Well if it's on the cover, it should be easy to find on google. Can you show me a picture?
1: There's nothing coming up on google for the Sig 925
FC: Maybe perhaps its because it's the sig 365?
1: I'm telling you it's not that. It's the new one they just came out with. It's the 925.
FC: Care to make a wager?
1: No.
FC: If you bring me a photo I can try to narrow it down.
1: I'll find the magazine at home and bring it in tomorrow.
FC: Periodical.
1: Whatever.
3:11: https://www.youtube.com/watch?v=SUFSB2plwzM
3:12: Numismatist neighbor Noah asks me a question
Noah: Hey! What's a hi point?
FC: A cry for help!
(everyone laughs)
Noah: No I mean price wise?
FC: Like $100, they're garbage guns.
Me and Noah start talking. I am moving more and more libertarian every day. He's the treasurer of his local LP chapter in Suffolk county. For a jewish kid from Riverhead, we sure have a lot in common. We get into an animated debate on the virtues of Kelo v New London in that it was a shitty position for the town of New London to take Susette Kelo's house for redevelopment under eminent domain. If they wanted to redevelop it, for the government to use eminent domain is a government run amok. As a libertarian, he hates government overreaching - as someone who also hates that sort of thing, we are in very vocal agreeance.
The tshirt vendor is listening to us debate the merits of the case and how the SCOTUS created a TERRIBLE precedent regarding government using the takings clause and when we finish he asks us a question.
TShirtGuy: How the fuck do you two know so much about a supreme court case?
Noah: Well, when you went to college and you're an economics and pre law major....
FC: Let me make it simple. WE ARE NERDS!
Everyone has a laugh.
TShirtGuy: Speaking of funny, check this out! He holds up a shirt.
It says in big print on the front: the the reason gun shows exist is so women can know what it’s like for when they drag men to the mall
I chuckle.
3:13 PM: I get in an argument with the republican candidate for office of something or other on gun laws. He is stupid and he is going to lose.
3:23 PM: A nice lady walks up. She looks familiar. She looks at some guns and feels up a 226 and remarks how well she likes how it handles.
FC: You're Bernice, aren't you?
Bernice: Why yes I am! You do not look familiar. How do I know you?
FC: You're still working at the courthouse right?
Bernice: That's right!
FC: Judge Snyder, right?
Bernice: No! He moved up to the appellate circuit last month it's...
FC: Judge Reinhold! That's right, one of his JA's called me to buy a gun last month. I forgot Christine told me, you're right.
Bernice: Holy crap, you have an incredible memory. When was the last time you were in front of Judge Snyder?
FC: Four years ago. I was the one that filed the motion citing the big lebowski.
Bernice: OH MY GOD THAT WAS YOU? I remember that!
FC: Yeah and I had to go dumpster diving to get my phone back. Shit, was that really 4 years ago? Fuck.
We talk more about guns and stuff. She loves her old West German 226. I tell her that if she really wants to have some fun, she should ask Judge Snyder to tag along on his next range day. About two years ago, the judge called me up asking for some advice. He's Tet offensive era USMC and wanted a new toy to reach out and touch someone and was dead set on getting a new SR25.
I talked him out of it because SR25's are stupid expensive. I knew of another dealer that had a T&E 20" SR25 that they were looking to unload cheap and I told him that with the amount of money he'd save going to the T&E gun versus the new one - the delta would more than cover a Nightforce NXS, rings and mounting and that would save him money and be a good performer. I'm friends with his daughter on facebook and they both looked like they had a lot of fun ringing the gong at the gun club.
Bernice is impressed. Too bad she's not my type, we'd get along fantastically if I was 15 years older.
4 PM: 60 minutes left to this shit show.
4:04PM: The loudspeaker crackles. ATTENTION ATTENTION: BRETT KAVANAUGH HAS JUST BEEN CONFIRMED TO THE SUPREME COURT.
The proletariat rejoices and hooting and hollering typically reserved for the LSU game breaks out in the hall.
ALSO WILL THE RED JEEP PARKED IN THE FIRE LANE PLEASE MOVE - YOU ARE BLOCKING THE BBQ GUY FROM LEAVING. RED JEEP. MOVE OR YOU WILL BE TOWED.
4:11 PM: Guy walks up in civvies.
1: I wanna buy this but I’m not a state resident
FC: well what’s your deal? Give me some more to work with.
1: I’m from Texas but I’m in the military
FC: if you got your orders - PCS to any base in this state says you’re a state resident, but if you don't - I can't help you. I know a lot of guys don't travel around with their orders....
JUST AS I SAY THAT the guy pulls out a wad of hundreds out of his pocket and his PCS paperwork, signed, rubber stamped and billeted.
THIS HAS NEVER HAPPENED BEFORE.
I give him the clipboard as I look at his paperwork. No blank spaces, approved change of station to Barksdale AFB, address reads base housing, everything is in order for the young airman.
HOLY FUCKING SHIT. THIS IS AMAZING.
Forms done correct on the first swing.
I AM WAITING FOR THE OTHER SHOE TO DROP.
I call in the transaction and they tell me that the national system is down. NO IDEA WHEN IT'S GOING TO BE BACK UP.
I tell the USAF that the system is down and we can't do anything. He takes my card and hands me money and says just call him when it's ready to be picked up. Huh. Okay, he's cool with that. His girlfriend lives over here so he's back here every weekend. Done! I mark up the paperwork with some notes.
4:23 PM: One guy just walked up and told me that he had no idea HK made rifles. Apparently made a bunch of rifles a few years ago and stamped glocks name on them for Glock. Since Glock can't be found out to be making rifles. This captures the attention of another guy who asks me if my Glocks on the table have fluted firing pins. I tell him they do not make fluted firing pins. That makes no sense. He says yes they do make sense. They're fluted so they shoot underwater.
4:28 PM: Noah's table has someone in front of it debating buying some gold. As they delve into the discussion of gold and FIAT currency, I hear the following.
1: Bitcoin is a webpage. It’s like buying stock. Bitcoin issues shares and it dilutes so the price goes down.
Noah: I don't think that's how it works.
1: You’re basically buying a part of a big webpage
FC: This is like listening to someone try to explain that pi is exactly 3.
Noah: What's wrong with you?
FC: I am the Anthony Bourdain of the gun world. I eat, I drink and I yell at idiots.
4:45 PM It's getting close to show close, I need to get ready for the wedding. I grab my Lauren shirt that thankfully is non iron and just dressy enough to work and just casual enough to be worn without a tie if you need to and whip off my HK polo. I put on the shirt and tuck it in as I notice a lovely couple walk up out of the corner of my eye. Its Jim and Jane, Jane is a pharmacist that works at the hospital and Jim is a Gastroenterology resident at the hospital too. They buy lots of guns from me. I finish tucking in my shirt as we talk shop.
Jim wants 6 cans, 3 handgun and 3 rifle and wants to know what his options are. I rattle off all the options I would look at and I write some down on a legal pad for Jane to show him on the computer when he gets home. We talk 762 vs 556, 45 vs 9mm and direct thread vs QD for about 10 minutes as I tie off my blue Ted Baker tie into a Pratt knot. The apex of the tie just touches my belt buckle. Length is right on the money, and I didn't even have a mirror. Jane approves of my knot and color selection. Go me.
4:55 PM: Fabulousness achieved, I call back in and find out national system is still down. FUCK. Well this is gonna have to wait till tomorrow. I shove Airman Cecil O'Malley's paperwork under the table and start stowing stuff since the show is about to close.
4:59 PM: Table is covered up and FC is walking out the door as the announcement crackles over the loudspeaker. THE SHOW IS CLOSED. PLEASE LEAVE THROUGH THE FRONT DOOR.
5:01 PM: On the way to the wedding! I stop at Target along the way because I've forgotten to get a card. I find one that says "It was meant to brie" on the front. It has some greeting card herpes, aka glitter on it but I have no time to be picky. As I'm in line to checkout I write something cheeky.
"I always said love was cheesy and I camembert it sometimes.....Love, FC"
The cashier scans it, I plug my amex into the card reader as I slip in a yard in there and seal up the envelope and slide it into my jacket pocket.
The ride to the lake breaks every speed limit in two counties.
5:45PM: I arrive 15 minutes before the ceremony is about to begin and the parking staff puts me in the back lot. I hike over to the open bar and get a fresca. I'm supposed to behave myself, so FC quit drinking and is just chilling with a fresca as he scans the room.
I know NOBODY at this wedding except the bride, groom and MAYBE the bride's massage therapist. Nope. I know nobody here. Awwwkward. I behave myself and sip on a fresca as the wedding starts. She gets married. She says yes. He says yes. FC is an ordained minister and can step up and marry someone in case there's an emergency but my services will not be needed at this wedding because things are going smoother than a cold filtered miller genuine draft. It's all good. The DJ announces the new couple and they walk down the aisle together as husband and wife for the first time. The music starts playing.
https://www.youtube.com/watch?v=NNEgUPKxk7A
ITS HEAVY D AND THE BOYZ! I HAVE ALWAYS WANTED TO GO TO A WEDDING WHERE THEY PLAY THE COUPLE OFF TO HEAVY D! I mention this to the people sitting next to me and they're like it's just like hitch!
I'm like what?
They go on to explain to me that it's a movie. Starring Will Smith. Huh. Didn't see that one.
5:45 PM: The open bar and the food is coming out. I look around and I definitely do not know ANYBODY HERE. I need to eat and go home. I grab a plate of cocktail shrimp and some lobster sliders and sit down at a picnic table away from the crowd. I don't even notice a busty brunette with cleavage showing also sitting at the table staring at her phone across from me until she says hi.
1: Hi.
FC: Hi.
(I scarf down a lobster slider. Munch munch)
1: So how do you know the lovely couple?
FC: Well she was a friend of a friend and next thing you know I'm showing up to the Christmas party and the wedding. Then Seth is showing up and then they're getting married. You?
1: I work with Lisa, I'm a flight attendant. But I've been out of work for a few months. We had this thing at work. It's called a fume event. I happens when well uh how do I say?
FC: Contaminated bleed air via the pneumatic air conditioning kit - or PACK - gets into the cabin, causing all sorts of respiratory irritation and all sorts of other things for the crew. You're on the 320, right?
1: The airbus? Yeah. Me and Lise are also on the....
FC: 321 and the 319. Yeah, I'm familiar with the technology.
1: You're a pilot.
FC: Not exactly. I just know airplanes really well.
1: So you're an aerospace engineer.
FC: I wouldn't go that far. Hahaha. That's stretching it. A lot.
1: Let me get this right. You're friends with Lisa and Seth, you know airplanes, you're the only one at this wedding actually wearing a suit......
FC: To be fair, it's Louisiana in October. We're lucky most of the folks here aren't wearing Mossy Oak and Realtree.
1: Hahahahahhah! You must live in Baton Rouge!
FC: I do.
1: Me too! What part of the city? I live in (names neighborhood)
FC: I'm over in (neighborhood next to her)
1: OH MY GOD! That's 10 minutes from my house! So anyways, you're smart, you're funny, where have you been all my life? I'm Ally.
FC: I'm Will.
1: You wanna get dinner together? I literally do not know anyone else here and I was thinking about leaving before I met you.
FC: Uh sure. Lemme just top this fresca off.
1: I'll join you.
6:15 We're told by the bartenders to grab a ceremonial wedding tervis tumbler with a patch commemorating the happy couple's nuptials hermetically sealed inside. They didn't want a bunch of red solo cups going to the dumpster so they decided to ball out. I walk up to the table where there's literally 200 tumblers in varying colors to choose from and I grab a random one as Ally grabs one too. We head to the bar, she fills her with vodka and sprite. I top off with ginger ale because I'm staying sober and I have to drive 45 minutes back to casa de FC in BTR.
She asks me how I know so much about airplanes, I tell her it's been a lifelong obsession and I've done some ground school on the 320 and the 737 and I much prefer the 320. I ask her what's tough about her job and she tells me that most people don't know they only get paid when the doors close. I say yeah, block time is a real bitch sometimes. She looks at me like I'm crazy. I'm like what? She's like HOW DO YOU KNOW ABOUT BLOCK TIME? I told you, I know airplanes. We chat some more as the crowd gets drunker and drunker and more ridiculous on the dance floor. Someone requested Strokin' by Clarence Carter and the DJ ACTUALLY PLAYED IT. Goddamnit Lisa! HAVE YOU EVER HEARD OF A DO NOT PLAY LIST? Wow.
7:10 PM We find some seats for dinner as the buffet opens up, I pile a bunch of chicken marsala and beef wellington on my plate and we head back to the table. She's only a few years older than me and cannot believe that I am single. She asks if I've tried tinder. I tell her the tinder story about me being stuffed into the back of a police car and it is met with raucous laughter.
1: So, do you dance?
FC: I do a lot of things, but I don't dance. Baton Rouge is the city that rhythm forgot.
1: I don't really dance either. As a matter of fact, I'm perfectly content to people watch all night with you here by my side.
Her hand ran down to touch mine. It had a ring on it.
FC: What does your husband think about that?
Next thing I know, Lisa and Seth have dropped by the table to say hello. They're taking pictures with everyone and we can't continue the conversation we were just having. Lisa dives in to hug Ally, Seth gives me a handshake, sips my drink and asks why there isn't any bourbon in that tumbler.
FC: Gotta behave myself. Long drive back home.
Ally: OH MY GOD LISA! Will is FANTASTIC! Where have you been keeping him? He's funny, he's amazing and he looks hot in a suit! If I wasn't married, he'd be the perfect guy!
(We're cut off by Lisa, she looks at me sternly.)
Lisa: WHAT THE FUCK IS WRONG WITH YOU?
FC: What?
Lisa: Yesterday! When I was getting my wedding dress fitted! You called me a half attractive woman.....
FC: It's not a normal occurrence! Most of the women who open my door are total heifers! For real! Take the compliment!
Lisa cracks up, and Seth who has had a few drinks laughs so hard that he damn near falls over. You can hear the cackle of his laugh carry across the lake. The best man props him back up and they all have a laugh. The wedding planner slides in and tells the bride that her cake has been outside of refrigeration for an hour and 15 minutes now and is structurally deficient. They need to cut it now before it collapses in upon itself like a black hole. Lisa grabs Ally, Seth grabs me and the rest of the table follows. We're now part of the wedding cake cutting crew.
7:15 PM: The entourage all takes their Instagram positions as Lisa cuts into her structurally deficient cake and Seth resists the urge to do anything cheeky and fun with frosting. It's cute, everyone toasts the newlyweds.
7:20 PM: I pull Lisa aside privately and I ask her - what the fuck is Ally's deal? "If I wasn't married he'd be the perfect guy?" WHO THE FUCK SAYS THAT? A married woman? At a wedding? To a guy she JUST MET?
Lisa: Look, I have no idea how her marriage is going or what her deal is. But just because there's a goalie doesn't mean you can't score.
FC: WHAT THE FUCK IS THAT SUPPOSED TO MEAN?
Lisa: It means that maybe, if she's throwing herself at you......you should catch her. I gotta go throw the bouquet. Brb.
FC: .....
7:25 Lisa goes to throw her bouquet and Ally has found me and is back at my side.
1: Where were we? I was just saying to Lisa that I was wondering where a guy like you has been all my life? You are awesome.
FC: I am awesome, and you are married.
1: Yeah, I know. Come on, I really want you......I mean I really want you......to go photobooth with me. Come on, it'll be fun.
She grabs my arm and drags me to the photobooth and she puts ridiculous hats and stuff on me. I'm like no, I've been looking ridiculous enough from birth. i'm good. She literally begs me with puppy dog eyes and does that thing where she shows cleavage.
FC: Isn't this like against one of the ten commandments? Thou shalt not......photobooth with another man's wife?
1: Hmm. Yeah, I guess. You're really sweet though. If I was single, I'd be all over you right now.
FC: Who says that? Really?
1: So, answer me this. You're not an engineer. You're not a pilot. What do you do?
FC: Gun dealer.
1: So if I had something like an AR15 that needed some work, you'd be the guy to call?
FC: Maybe, depending on what you needed - there's a lot of things where I'll just tell you flat out what you're trying to do is uneconomical and a bad idea.
1: Well, I'd really like it if you could check out some of my equipment sometime.
FC, internal monologue: WHAT THE FUCK IS GOING ON HERE
FC, external monologue: Bring it by the gun show this weekend and I'll see what I can do.
I crack an uneasy smile as she gets up to go use the bathroom. I decide it's time to get the fuck out of here.
8:11 Making my escape plan proves to be a little tougher than I expected. The parking at the venue at the lake is dark and unlit and I have to navigate my way back to my car in the dark using the light from my phone. I reach into my jacket and I realize that their card is still inside. Fuck. I gotta go back. I turn around and head back to the gift table and I use some ninja recon skills I picked up in catholic school to make sure Ally is nowhere nearby. The coast is clear. I walk up to the little birdcage they have for cards, drop mine in confidently and get ready to turn on my heel and leave. I start making my way back to the parking lot when Seth is just walking out of the bathroom next to the gift table.
1: Hey man, you heading home?
FC: I am now, forgot to drop off your card.
1: Ally thought you left without saying goodbye to her, so she asked me for your number. I gave it to her.
FC: Oh dear lord.
1: What?
FC: Did you hear that woman? "If I was single, you'd be the perfect guy!" Those words are not in a vocabulary of any married woman I know.
1: Dude, you just gotta chill out and go with the flow man. It's not your marriage. If she wants a piece of you, cut her off a slice.
FC: Are you serious?
1: When I met Lisa, she was still married to Freddie. Look at us now, 7 years later and we're happy. You want to be happy, don't you?
FC: Yeah but....
1: No but's! Go storm the castle! I gotta go, but I'll catch you at the afterparty tomorrow night! You going?
FC: Yeah at your house right?
1: Yeah, what time the gun show wrap up?
FC: 4, so I'll be out by 5.
1: I got steaks going on the grill at 3, I'll get save a nice one for you. You still a medium rare guy?
FC: You know it!
1: I think Ally is gonna be there too, you two should get to know each other a little better.
FC: That's what I'm afraid of!
Seth goes back to his wedding, I hop in the car and drive home. It's almost 10PM as I approach the Jersey mikes by my house. I stop in to grab a sandwich for Sunday.
Just as I walk up I hear one of the sandiwch makers swear she's going to slit the throat of the next person who orders a sandwich. Eep. I tell her I need a giant 9. She starts making me one. I ask her if she's trying to get out of here right at 10? She says yeah, she's trying to catch the end of the Yankees/Red Sox game. I tell her my old man was from Brighton and my mom was from Elmhurst, so there's no love lost there. We have a laugh. She caught the Yankees pummeling the A's in the wild card on Wednesday. I whip out my phone and check the score for her. Yankees are up 6-2. I tell her she should be able to catch the end of it at home or whatever sports bar she's going to. She tells me she's going to the outback steakhouse the next block over to watch it and they better have the game on when she rolls up in 15. I tell her I'll do her one better. I dated the bartender there (once, she friendzoned me) and I'll message her on facebook to have it on for you. It is at this moment, I am asked for the second time that evening - from a strange woman I've just met - where have I been all her life?
I head home, throw my sandwich in the fridge and head to bed wondering WHAT THE FUCK IS GOING ON HERE?
Did FC like get game all of a sudden?
Donald Trump is President.
The Eagles won the super bowl.
You can't make this shit up.
I got one more day at the gun show too.
Postscript: As I write this, it's Columbus day and the Indians, the Redskins and Braves all got their asses handed to them.
We truly live in interesting times.
submitted by FirearmConcierge to guns [link] [comments]

TKEY mining explained. Part 1

TKEY mining explained. Part 1

https://preview.redd.it/375qshuf6fs21.png?width=1500&format=png&auto=webp&s=cf3102df8a682faf5eb9b0d20814637860a2eba0

Dear investors!
As promised, we start a series of articles about Tkeycoin mining and mining hardware. We will try to explain the process in detail and reply all the questions, if they arise. We kindly ask you not to ignore those publications and carefully read the info we provide.
To understand how mining process works in general, it is better to start with the basics. The pioneer here was the good old Bitcoin, which started to be mined back in 2009. The BTC mining technology did not really change during these 8 years - the process is still based on the Proof-Of-Work (PoW) principle and uses SHA-256 hashing algorithm.
By the way, Proof-Of-Work (PoW) existed long before the cryptocurrencies emerged, its main purpose being to create special math puzzles that required certain amount of time and resources to be solved. PoW was used to protect websites of DDOS-attacks and massive spam. In 2009 PoW was chosen by Satoshi Nakamoto for the nascent Bitcoin network, and in a few years it was already being used by millions of people for making good money.
How PoW algorithm works? The miner gets a certain math puzzle that requires spending computing power to be solved. Finding solution is a random guessing process, therefore the more computing power a miner possesses, the faster he will find the solution. The first miner to come up with the solution (to get a resulting hash) receives a certain amount of BTC as a reward for solving the block. The less lucky participants get their fraction of reward, too. It’s rather simple.
PoW principle may be compared to a class work, the teacher saying that the first student to solve the puzzle will get an A. Miners are like kids competing for an A (BTC reward). The computing power spent in the process is the amount of intellectual efforts the kids make to find the decision. Finally, the kid who comes up with the solution, gets the reward. The same happens in the Bitcoin network, though the puzzle difficulty level and the reward are different.
It looks rather simple. Naturally, millions of people all over the world soon got the idea and started to mine Bitcoins. As a result, once simple process started to get more and more complicated. There was a time, when you could mine Bitcoins with CPUs, using your home or office PC. At this stage few people knew about BTC - by the end of 2009 there were just a few hundreds of miners in the world. But the situation was changing quickly, and in the next year GPU-mining started. GPUs were faster to find the solution, and they were also cheaper, featuring the better value for money. In September 2010 GPU-mining went mainstream. A lot of people became suddenly aware that mining BTC was really profitable, therefore the number of miners increased greatly.
In the same month the first BTC mining pool was launched. In a matter of months the price of BTC skyrocketed from $1 to $20. Naturally, the difficulty of mining increased too - by November 2010 it reached 1 000 000 (compared with 10 000 in the end of 2009). In 2013 the price of BTC passed the $1000 mark. The first ASICs (customized mining hardware) emerged, meaning revolutionary changes for the market. (We will talk about them in the next part of ‘TKEY mining explained’).
These days BTC mining is by far less available and profitable than it used to be. Solo mining hardly makes any sense now. If back in 2010 you could mine BTC with an normal home PC, now you need a powerful GPU-rig or the support of a mining pool to get some considerable profit. It is caused by such factors as the increased network difficulty, block reward reduction and fast mining hardware evolution. Originally, the reward for a block solved was 50BTC, now it’s just 12,5 BTC. The network difficulty increased from 10 000 in 2009 to 6 379 265 451 411 at the moment. And most of you are well-aware of the price of up-to-date mining hardware.
Why we are talking about all this? Why we dwell in detail on the Bitcoin mining? And who is Satoshi Nakamoto?
Actually, it all this makes sense if we consider the Bitcoin situation with the Tkeycoin network current state. Mining Tkeycoin, as well as it was at the early stages of BTC history, will be really available to many, and you will be able to mine TKEY using your smartphone or a rather outdated home or office PC. You do not need to invest into costly mining hardware to get your share of TKEYs. We declared that TKEY mining will be accessible for almost everyone, and we meant it.
As you know from experience, the progress is unstoppable, therefore TKEY mining difficulty will inevitably grow with time, too. But, according to our experts, you won’t have to worry about it over the next 3 years or so.
For TKEY mining we use the updated and modified version of the PoW algorithm called mPoW. The basic principle is the same: the miners have a puzzle to solve, and get the reward when they succeed. But it’s important to know, that our protocol is free from many typical problems that plague the classical PoW. For instance,
Due to modular realization, selfish mining is made impossible; Due to the network specific architecture, 51% Attack and Double Spending are made impossible; mPoW-based mining is much less power-consuming; The network is immune to quantum attacks.
Currently, the BTC-mining is not so decentralized as it was meant to be initially. Over 65% of Bitcoin hash power is now distributed between 5 major pools. Theoretically, they can make 51% attack on the network any time soon.
On the contrary, the Tkeycoin network is completely decentralized. No monopolies will interfere with your solo mining at home, using an ordinary PC.
That is all for today. Later we will talk about SHA256 hashing algorithm, review the current ASIC market situation, suggest the best hardware for TKEY-mining and talk about mining profitability calculators.
Don’t miss the next part of ‘TKEY mining explained’!
See you soon!
Your Tkeycoin Team
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

TKEY mining explained. Part 1

TKEY mining explained. Part 1

https://preview.redd.it/61gzhcjq78r21.png?width=1500&format=png&auto=webp&s=cf0406038eb054583475e500f63950362b975358

Dear investors!

As promised, we start a series of articles about Tkeycoin mining and mining hardware. We will try to explain the process in detail and reply all the questions, if they arise. We kindly ask you not to ignore those publications and carefully read the info we provide.

To understand how mining process works in general, it is better to start with the basics. The pioneer here was the good old Bitcoin, which started to be mined back in 2009. The BTC mining technology did not really change during these 8 years - the process is still based on the Proof-Of-Work (PoW) principle and uses SHA-256 hashing algorithm.

By the way, Proof-Of-Work (PoW) existed long before the cryptocurrencies emerged, its main purpose being to create special math puzzles that required certain amount of time and resources to be solved. PoW was used to protect websites of DDOS-attacks and massive spam. In 2009 PoW was chosen by Satoshi Nakamoto for the nascent Bitcoin network, and in a few years it was already being used by millions of people for making good money.

How PoW algorithm works? The miner gets a certain math puzzle that requires spending computing power to be solved. Finding solution is a random guessing process, therefore the more computing power a miner possesses, the faster he will find the solution. The first miner to come up with the solution (to get a resulting hash) receives a certain amount of BTC as a reward for solving the block. The less lucky participants get their fraction of reward, too. It’s rather simple.

PoW principle may be compared to a class work, the teacher saying that the first student to solve the puzzle will get an A. Miners are like kids competing for an A (BTC reward). The computing power spent in the process is the amount of intellectual efforts the kids make to find the decision. Finally, the kid who comes up with the solution, gets the reward. The same happens in the Bitcoin network, though the puzzle difficulty level and the reward are different.

It looks rather simple. Naturally, millions of people all over the world soon got the idea and started to mine Bitcoins. As a result, once simple process started to get more and more complicated. There was a time, when you could mine Bitcoins with CPUs, using your home or office PC. At this stage few people knew about BTC - by the end of 2009 there were just a few hundreds of miners in the world. But the situation was changing quickly, and in the next year GPU-mining started. GPUs were faster to find the solution, and they were also cheaper, featuring the better value for money. In September 2010 GPU-mining went mainstream. A lot of people became suddenly aware that mining BTC was really profitable, therefore the number of miners increased greatly.

In the same month the first BTC mining pool was launched. In a matter of months the price of BTC skyrocketed from $1 to $20. Naturally, the difficulty of mining increased too - by November 2010 it reached 1 000 000 (compared with 10 000 in the end of 2009). In 2013 the price of BTC passed the $1000 mark. The first ASICs (customized mining hardware) emerged, meaning revolutionary changes for the market. (We will talk about them in the next part of ‘TKEY mining explained’).

These days BTC mining is by far less available and profitable than it used to be. Solo mining hardly makes any sense now. If back in 2010 you could mine BTC with an normal home PC, now you need a powerful GPU-rig or the support of a mining pool to get some considerable profit. It is caused by such factors as the increased network difficulty, block reward reduction and fast mining hardware evolution. Originally, the reward for a block solved was 50BTC, now it’s just 12,5 BTC. The network difficulty increased from 10 000 in 2009 to 6 379 265 451 411 at the moment. And most of you are well-aware of the price of up-to-date mining hardware.

Why we are talking about all this? Why we dwell in detail on the Bitcoin mining? And who is Satoshi Nakamoto?

Actually, it all this makes sense if we consider the Bitcoin situation with the Tkeycoin network current state. Mining Tkeycoin, as well as it was at the early stages of BTC history, will be really available to many, and you will be able to mine TKEY using your smartphone or a rather outdated home or office PC. You do not need to invest into costly mining hardware to get your share of TKEYs. We declared that TKEY mining will be accessible for almost everyone, and we meant it.

As you know from experience, the progress is unstoppable, therefore TKEY mining difficulty will inevitably grow with time, too. But, according to our experts, you won’t have to worry about it over the next 3 years or so.

For TKEY mining we use the updated and modified version of the PoW algorithm called mPoW. The basic principle is the same: the miners have a puzzle to solve, and get the reward when they succeed. But it’s important to know, that our protocol is free from many typical problems that plague the classical PoW. For instance,

Due to modular realization, selfish mining is made impossible; Due to the network specific architecture, 51% Attack and Double Spending are made impossible; mPoW-based mining is much less power-consuming; The network is immune to quantum attacks.

Currently, the BTC-mining is not so decentralized as it was meant to be initially. Over 65% of Bitcoin hash power is now distributed between 5 major pools. Theoretically, they can make 51% attack on the network any time soon.

On the contrary, the Tkeycoin network is completely decentralized. No monopolies will interfere with your solo mining at home, using an ordinary PC.

That is all for today. Later we will talk about SHA256 hashing algorithm, review the current ASIC market situation, suggest the best hardware for TKEY-mining and talk about mining profitability calculators.
Don’t miss the next part of ‘TKEY mining explained’!

See you soon!
Your Tkeycoin Team
submitted by tkeycoin to u/tkeycoin [link] [comments]

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

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

RPi3 Mining [UPDATE]

I made a post yesterday about mining with the RPI3 [Here], I stated that it was getting 20 H/s. While at the time this was true. It must have been because it was new. I plugged it in for 5 minutes to get the numbers again just now and it's around 6 H/s.
Here is the proof: https://imgur.com/a/zRhDp
I used raspbian stretch for the OS and xmrig to mine monero. After a little bit, the RPi3 got very hot, you can see that in the image in the grey square where it says 100%. It's the CPU usage monitor, which I usually see mine running at around 1%-10% between idle and normal usage.
It's a simple install to get it up and running. The only problem I found was remembering to sudo -i and cd into the proper folder (build) and then I could run xmrig without getting an error. I still don't know how to change the config folder so I can just have 1 rather than 4 threads running.
Based on this and plugging this into Cryptocompare , (I have free electricity) I would be making 0.001560 XMR a day, roughly 50 cents a month, and 5.70 USD a year. Not much.
I next want to take on making a raspberry pi mircocluster. With my RPi3 as the controller and 4 RPi0's as the nodes. I am currently downloading the software to make it and flashing the sd cards, just waiting for the RPi0's to come in the mail, along with the cluster hat.
I was also thinking of making a RPi3 miner that can mine in a pool and if your feeling lucky, you flip a switch and the RPi3 solo mines for that current block.
A short bit about me, I know nothing about computers, I know nothing about cryptocurrency(and I still understand that I'm not going to make a profit!). If you ran into me on the street, this stuff would be the last thing I would talk about, I'm more into the gym/fitness. I figured I would expand my mind into something I probably wouldn't like. But I am enjoying all of this! I have bought into XMR,BTC, and Raiblocks.
What got me into this was reading about bitcoin a few years ago, I messed around with faucets and got 30$, I heard about bitcoin on the news again and I was able to get back into my wallet which was then 200$. I used that money to buy into XMR,BTC, and Raiblocks.
Ill keep posting my findings and projects I'm looking into next! I would like to see more people posting projects, I enjoy seeing people helping each other on here and what others are doing.
Thanks!
submitted by Boatsmhoes to CryptoCurrency [link] [comments]

My bitcoin value has surpassed my decade long stock account

Throwaway account because I'm revealing more than I want tied to my primary account.
I'll put the TL;DR at the top.
TL;DR: Apparently, I'm well off and 2 years of bitcoins are worth more than 10 years of stock market investment.
I'm nearly 50 years old. A few years out of college and I just barely broke $20k salary. That was worth more than $20k today, but was still a lousy wage with college loan debt. I briefly (1.5 years) had a dotcom job at the turn of the millineum making more than I do now, but I had never had money like that before and boosted the economy instead of putting any aside. I did get some nice toys, though.
Add on another 1.5 years of unemployment, living off my wife's meager salary and a few odd under-the-table jobs, and I finally landed a decent paying job again. Nothing like the dotcom days, but close. However, I'd learned we could live on much less and I wanted a cushion. I dumped tons into my 401k, my savings account and opened a Scottrade account. A little money goes each month to savings and Scottrade.
Roughly ten years later, my 401k is about 3 times my annual income. The Scottrade account is about 30% of it.
Two years ago, I heard about bitcoin on Slashdot. It sounded interesting. I started mining on my son's gaming machine, which meant it was only mining when my son wasn't playing games and if he remembered to start the miner when he was done.
I mined solo for a few days, and quickly joined a mining pool. I was getting a bitcoin every three or four days initially. That didn't last long.
I opened a MtGox account, added some cash and purchased btc almost at the height of the 2011 spike.
I felt like an idiot.
I bought some Casascius coins. I left my MtGox account alone.
This was also around the time the 99% protests were going on. I felt very sympathetic. I remember in reading about the protests, I stumbled across a site that showed what percentage people were based on annual income. With mine and my wife's income, I was above the 90th percentile and below the 95th. I remember the horror and disbelief I felt.
Througout it all, I continued mining. I got lucky during the early 2013 spike and sold some of the MtGox stuff I'd had sitting there. I also got a high end SLR camera at bitcoinstore.com almost at the peak. I was feeling pretty good.
I bought a ButterflyLabs Jalapeno with bitcoins just before that first 2013 spike. I also stopped even trying to mine with a graphics card soon after that because it made no sense. I did eventually get delivery of the Jalapeno. It's earned almost .68 bitcoins. Don't ask what it cost in bitcoins, because I don't remember and I don't want to know.
After realizing my MtGox profits couldn't be pulled out in dollars in any reasonable timeframe, I converted them to bitcoins and pulled them out. I got more bitcoins than I sold them for, but not by much.
So, now I own bitcoins in the high 2 digits, about a third of them are still in physical Casascius coins. I only have an account on MtGox, so I have no real way of converting any of them to cash. I still have $100 sitting in the MtGox account, which I should have converted into bitcoins and pulled out long ago, but I'm frustrated by the premium bitcoins require in USD on MtGox.
For nearly ten years, I've been putting money in my Scottrade account. I saw the collapse in 2008 and mostly held. I bought bank stocks at that time and made a killing. That killing was offset by the REITs I'd invested in before the crash.
In ten years of regular transfers to Scottrade and investment that has gotten better as I've gotten older and more cynical, I've accumulate about 30% of my annual income.
In the last few days, even with the purchase of a cool SLR and the cut involved in Casascius coin purchases, my double-digit bitcoin ownership has now surpassed my Scottrade account in value. I don't have an easy way of converting that bitcoin to USD, but I'm also not concerned about that because I think that easy methods will exist soon.
I fully expect that my bitcoins will be worth less in the near future. However, I believe in the long term, they'll be worth more and that I'll have a number of easier possibilities for converting them to USD if I want to.
I also believe the analogies to the early WWW are flawed. I think analogies to the IP protocol are more apt and that we've only begun to imagine the possibilities.
I'm in it for the long haul. They'll either be worth nothing or much more than now. And, if I add up my electricity costs and the small investment I made during the spike in 2011, I'm still ahead of the game because I have an SLR camera that my wife would never have let me buy with cash.
I'm already ahead of the game and I think the game hasn't even started.
EDIT: Grammar
submitted by throaway419 to Bitcoin [link] [comments]

Quark excites me

Generally I don't like altcoins. I like namecoin because it has utility for me, I can use it as a decentralized place to store namespaced key/value pairs.
So namecoin has value to me because of its utility. Most altcoins though I just ignore, I see them as very useful in testing features but they don't have utility for use as a currency or utility of their own to me.
However even though I like bitcoin, I believe there needs to be at least one successful alternative. As bitcoin adoption grows, due to the limited supply those who got in early and hoarded coins will have financial advantage over late adopters, so there needs to be alternative coins that are used for currency so that free market can exist and help keep the value of bitcoin honest. A competitor to bitcoin that others can use when they feel the scarcity of bitcoin gives an unfair advantage to the hoarders. The hoarders will then sell some and it balances out.
So I do think there needs to be an altcoin, but most I don't like.
QuarkCoin I like and here's why:
A) CPU Mining. I never bothered mining bitcoin because I got in too late, ASICS were needed and buying ASICS was very risky with a lot of scams.
And now, bitcoin mining is dominated by a small group. That small group essentially has power over all of bitcoin, and that's scary.
With CPU mining, there may still be mining pools but I believe the mining will be better distributed amongst ordinary every-day people.
B) Coin Supply - I think the 21 million limit on coin supply of BTC will be what causes its downfall. It will create "old money" where families of those who got in early will control most of the currency, I think that is a design flaw.
I like the idea of a stable amount of coins generated every year being distributed through the mining system, I believe that helps counter the effects of most of the wealth being concentrated in a few lineages. As adoption grows, so will supply.
And with bitcoin - they saw adding to supply was necessary in the beginning, so why they thought cutting off supply growth at a certain date was a good idea, I'm not sure about. But I guess time will tell what works better.
C) Confirmation Time - certain kinds of online markets, waiting 10 minutes to see it in the blockchain and avoid double-spend is too long.
Seeing it hit a block within a minute, that is much more reasonable.
-=-
My initial plans are to solo mine while I watch the currency and if I get lucky, sell half for namecoin (I can't mine namecoin, the bitcoin miners have that gig) which has real world utility for me. Other half I'll hold onto.
Right now I am probably going to mostly watch. But I am very optimistic about where this is going, this may be the coin that I want to exist to provide free market balance with bitcoin into the future.
submitted by AliceWonderBTC to QuarkCoin [link] [comments]

Getting started with Ethereum

What is Ethereum?

Ethereum is a decentralized programmable platform that utilizes that allows for the application of blockchain technology in many facets of life.

Like Bitcoin, Ethereum utilizes a blockchain for security and transparency. Ethereum, like Bitcoin, is also tradeable directly as Ether (ETH). However, Ethereum also allows for the creation of “smart contracts”, allowing developers to use blockchain technology, via Ethereum, in their own programmable applications.

What is Ether (ETH)?

Ether, or ETH for short, is the currency Ethereum uses. Ether is generated via algorithmic mining, and is the basis of the Ethereum network. Ether serves as the basis for Ethereum “smart contracts” which often utilize “tokens”, an abstraction of Ether.

How can I purchase Ether (ETH)?

Depending on your geographical location, your options for purchasing Ether may vary.

Purchasing Ether through Coinbase.com, using USD or BTC is a very popular method of obtaining Ether

Gdax.com allows for more rapid exchange of currency, and is connected directly to Coinbase.com

Alternatively, Poloniex.com, Kraken.com (EUR), and Bitfinex.com (USD) are popular exchanges.

Best places to buy EtheBTC with debit cards or instant bank transfers:
Best places to buy EtheBTC with SWIFT bank transfers:
Best exchanges to transfer EtheBTC to for trading:
Exchanges Fees:
Exchange Maker Taker
GDAX 0% 0.30%
Poloniex 0.15% 0.25%
Kraken 0.16% 0.26%
Bitfinex 0.10% 0.20%
Gemini 0.10% 0.20%
Bittrex 0.25% 0.25%

How can I mine ETH?

The easiest way to get started mining is through Minergate: https://minergate.com/

MinerGate isn’t recommended if you plan to have dedicated mining rigs.

If, however, you wish to mine on an existing computer as a hobby, or out of interest, it’s perfect. While it does take a fee from your mining, it’s GUI is quick and simple to use and once install you can be mining instantaneously. It also has some challenges that encourage you to mine, and if you’re an absolute beginner, then the simplicity of this software will have you jumping for joy.

Other ETH mining pools include:
The following guides can help you get started:

Where can I check the price of Ether (ETH)?

Cryptowat.ch is a popular website to track the price of Ether (ETH). In addition to listing the price of ETH on the major exchanges, it allows for a wide variety of charting tools which can be used to trade ETH more effectively.

How is Ethereum different than Bitcoin?

Ethereum creates an ecosystem for the utilization of blockchain in everyday transactions and is designed with this intention. Bitcoin, on the other hand, was created as a form of electronic cash. Ethereum uses similar blockchain technology to maintain all of the benefits of Bitcoin, but also allows for an infrastructure of applications which can extend beyond the exchange of currency.

Can I send Ether to a Bitcoin wallet?

No.

Who is behind Ethereum?

Vitalik Buterin

What are tokens?

ERC20 tokens are Ethereum derivatives. Tokens allow for smart contracts to interface directly with the Ethereum blockchain. As such, they are exchangeable through Ethereum wallets.

Proof of Work vs Proof of Stake

Proof of Work is the current method used to generate ETH, the "Serenity" update will change this to a Proof of Stake system, the difference is explained below.

Proof of Work is the system by which most cryptocurrencies, including Bitcoin, manage their blockchains. Through a process known as mining, individuals contribute processing power to solve difficult, arbitrary calculations as well as to validate calculations to determine what the next block in the blockchain should be. Whenever a new block is added to the chain, whoever was lucky enough to be the person that created that block is rewarded with some amount of currency.

The difficulty of these calculations can be determined by the devs behind the currency to control the rate at which new coins are dispersed into the economy. The reason for the difficult calculations is to secure the network by making it difficult for an attacker to start adding invalid blocks to the universally accepted chain - in this system, the attacker would need to generate over 50% of the processing power in the entire network to have their malicious validation be accepted. A higher-level way to think about this is that processing power is what creates scarcity and is proportional to the odds of you getting the next reward. This has the unfortunate side-effect of giving a disproportionate amount of power, in regards to both reward and blockchain validation, to miners that control a large portion of the mining hashrate.

Proof of Stake rewards are distributed via proportional to the “stake” that validators have in the economy as opposed to the work you can do. Your stake increases based on the amount of currency in your wallet and how long it’s been there. The greater your stake, the higher the odds are that you will receive a reward for the creation of the new block on the chain. In contrast to PoW where scarcity comes from processing power, in PoS, the scarcity comes from the currency itself.

As of June 2017, Ethereum is using a Proof of Work system. By the Serenity update the platform will be updated to use a Proof of Stake system. As we get closer to that release we will learn more details about how the PoS system will work in Ethereum’s implementation, known as Casper.

Anticipated ETH Updates:

zkSNARKs

zkSNARKs stands for “zero knowledge Succinct Non-interactive ARguments of Knowledge”. They allows us to manipulate and translate calculations that need to be double-checked so that nothing on the network needs to know exactly what the original calculation was, but can still confirm whEther a result is correct or not. The details of how this works are too opaque for this guide, but what it means is that code deployed on Ethereum doesn’t have to be open-source and the details of transactions can remain completely secret. zkSNARKs will be implemented in the Metropolis update.

Metropolis

Metropolis is the next major update to the Ethereum network, the third of four phases that the developers have planned for Ethereum. This update will bring with it modifications to the way that applications interact with the network, making it simpler for developers to write apps on the platform. zkSNARKs will also be implemented in this update, opening up the Ethereum network to developers that want to keep their apps’ source code a secret and users that want greater privacy for their transactions.

Serenity

This is the fourth and final major planned update to Ethereum. This is defined by two massive changes: transition from a PoW to PoS system using the Casper algorithm (described above), and sharding. Sharding will allow applications to be split into tiny pieces, or sharded, and distributed across the network. One calculation required to execute an app may happen on one machine (and then double-checked using zkSNARKs on several others), then the next calculation happens somewhere else, and so on. Not only does this improve performance by reducing the time it takes for apps to execute on the network, allowing network nodes to validate only shards of the blockchain means that new blocks can be added, and transactions confirmed, near instantly. This is the biggest update planned for Ethereum and has no release date yet determined.

Other Resources:

Ethereum fundamentals wiki:

Useful reddit link showing upcoming news:

Very good list of links to read about Ethereum:

Tax advice

submitted by IBeRamen to Etherealm [link] [comments]

Benefits of joining a pool/what is the best pool to join?

Hello everyone,
I am 100% new to bitcoin mining and as I have come across more and more information there is still one thing that has me slightly confused before I will pull the trigger and get my own miner. I realize the benefits of joining a pool are that you will get a fixed percentage of the mass of bitcoin harvested, and you are much more likely because of the higher processing power to solve the block first, but if you choose to go solo my understanding is that if you happen to solve the block then you earn 25 bitcoin. Am I correct in this meaning that there will be a long downtime where you will earn nothing until (if) you get lucky one day you will earn a block of 25 BTC? If so, do any of you solo mine and how often does that occuhow much processing power are you using?
My second question is which pool do you recommend joining/have experience and why?
submitted by UrbanEX99 to BitcoinMining [link] [comments]

Some questions about conceptual mining specifics

I've read the original bitcoin paper, and spent a little time reading through the wiki on mining, and I think that I understand the high-level concepts pretty well, but there many specific questions that still bother me. Maybe someone can point me to more specific reading material, without delving into the code?
First off, my understanding is that the block chain is a tree, but the valid block chain is essentially a linked list: orphaned blocks and forks are pruned from the tree over time. Finding a block (mining) consists of finding an acceptable hash for a set of transactions + the hash of all previous blocks.
submitted by SoundOfOneHand to dogemining [link] [comments]

Is this set up properly for solo mining?

Right off the bat, I want to specify that I know this is ridiculously unlikely to ever find a block. I just upgraded my mining equipment and I am thinking I would like to use my old block erupters and antminers to run solo mining as a sort of lottery - in case one day I strike it lucky. In the meantime, my main mining equipment will be pointed to my usual pool. This is only for my own enjoyment!
That being said, can someone verify if I have this set up properly? I have figured out how to start my Bitcoin-qt in server mode, and I have established the .bat file for BFGminer as:
bfgminer.exe -S antminer:all -o 127.0.0.1:8332 -u me -p mypassword --set-device antminer:clock=x0b81
Is that correct? I start it up and have verification that my miners are hashing, but I also get the following line from BFGMiner:
"No suitable long-poll found for http://127.0.0.1:8332"
I have read on other threads here that if the miners are hashing it is working despite that error line. I would like to make sure as I don't have a background in programming so this is still pretty confusing to me.
Also, without specifying a payout address, any new block found will be credited directly to the bitcoin client wallet I am running as a server, correct? The text from the BFGMiner readme file is not clear on this point, and suggests my line should be:
bfgminer.exe -S antminer:all -o 127.0.0.1:8332 -u me -p mypassword --set-device antminer:clock=x0b81 --coinbase-addr myaddress --coinbase-sig "something else goes here"
Thanks in advance for the help. I know this will probably be fruitless, but I think it will be fun to play these old miners as a Vegas-style gamble and use my main equipment as my "real" mining.
I'm asking this partly because the directions in the readme file are vague:
"BFGMiner supports solo mining with any GBT-compatible bitcoin node (such as bitcoind). To use this mode, you need to specify the URL of your bitcoind node using the usual pool options (--url, --userpass, etc), and the --coinbase-addr option to specify the Bitcoin address you wish to receive the block rewards mined."
While I understand that this means a payout address can be entered, it does not specify if a payout address MUST be entered. I was under the impression that mined coins are paid directly to the bitcoin wallet that functions as a server.
" If your bitcoin node does not support longpolling (for example, bitcoind 0.8.x), you should consider setting up a failover pool to provide you with block notifications."
I'm pretty sure this is in reference to the long-poll error I am getting, but I'm not sure what it means.
submitted by bobthereddituser to BitcoinMining [link] [comments]

Before I act like an idiot and waste some money...

I've been getting more and more into the whole bitcoin mining process and, while surfing multiple forums, started to wonder how effective an antminer would be at todays current difficulty. Lets say I spend ~$100 and purchase 5 1.6 Gh/s antminers and overclock them to 2 Gh/s for easy math. At 10 Gh/s, about how long would it take to solo mine one coin without getting lucky? All the numbers I've been seeing are from last year and people then said it would take almost 2 years to mine a block at 333 Mh/s. In my eyes, it would be a worthy investment even factoring in electrical costs (which currently aren't an issue for me).
submitted by slow_excellence to BitcoinMining [link] [comments]

[Table] 2007scape: AMA Thread: RuneScape Old School Team

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-02-06
Link to submission (Has self-text)
Link to my post
Questions Answers
Hello OSRS team, and here are my three questions I would like to ask you. Is it possible to fix the spawn rates on resources, monsters and so on, so that the world population does not affect the spawn rate of said features? It is possible to fix the spawn rates, but the question you have to ask yourself is does the community really want this and is it a priority for the community.
What are your opinions on AutoHotkey (AHK) and MouseKeys (MK)? I've heard that if you use AHK in the same way MK works, then AHK is still considered legal as MK is allowed. Is this the case or is any use whatsoever of AHK restricted? If you are considering new rewards to be implemented that can be bought with Marks of Grace, what rewards will you consider implementing? New Agility shortcuts? Recolouring of Graceful? Option to Imbue? etc.. The best advice I can give about AHK and mousekeys is not to do anything differently than you have been doing. Our approach to it hasn't changed. However, if we talk about the details of AHK the less than reputable players will look for loopholes in order to macro and that's why we are always very vague about it.
Are autotypers allowed? What about macros on a gaming keyboard used for typing when selling? It seems everyone uses them and it's impossible to keep up without them. Autotypers and binding phrases to keys on your keyboard is against the rules. However, we know why people use them and we think that reason needs to be addressed. The impact of autotypers on other players is that they see lots of spam. I would much rather give every player an autotyper made by us and put into the client and then give every account the option to toggle on or off chat sent by the autotyper.
This will allow players to autotype but give every player the opportunity to ignore it with the click of a button.
How do you guys get along with the EoC team? Is there a rivalry in the office? Also, filter game option plzzz. GOTTA GO! WASTING XP! <3. We get along fine with the EOC team. Of course we are superior in every way possible, but we still talk to them... but really Old School borrows expertise from across the entire company. We need a lot of support from the developers, artists, designers and so on to do what we do. Although we spend all our time on Old School, many of the EOC team are needed to deliver what we deliver. We've got a request in the system for the engine team to give us something that'd let us create the game message spam filter. I don't think it'll be a big job for them, but can't predict when they'll have a chance to do it. We get on fine with the EoC team. Well, I'm not a very sociable person myself, but Mod Reach is always hanging out with the QA testers from the other RuneScape. Plus they let us borrow some of their testers for our biggest updates.
Sandwich Lady at Metal Drags. Why? Go. The dragons were hungry?
Do you not approve of inconveniently timed free kebabs?
There is a NPC named "Jeremy Clerksin" in the church in varrock, is he inspired by Jeremy Clarkson off of Top Gear? He is the most important NPC... In the world!
Can the old school team please reduce/remove the number of random events? They are irritating, I sit in the bank for a few minutes deciding what I want to do then I teleport only to get a random. Also I try to go help a friend BOOM Random as I try to teleport to them. We had a conversation with the anti macro team a few weeks ago and asked if random events had an impact on bots. As they did they will be staying in game. If it becomes the case that randoms no longer impact on bots, we'll change them.
What are some of the quirks involved with working on a game engine that is outdated by years? Being the head of bug abuse for the pasty two years now, I've naturally ran into some rather obscure, hilarious and damn right painful bugs. Ash, as a senior content dev, 9 year vet and previous upload manager has ran into even more than myself.
What's the strangest bug you've ran into when developing content for runescape? If I was to put my finger on the strangest bug I've ever encountered, it would have to be the old 'Jullage' bug that happened not long back before RS3 became RS3. To this day, I will never understand why that bug happened.
Would it be possible to add whole new locations to OSRS? For example, a new fremennik island? It's certainly possible to create new locations. After all, that's what the new Slayer dungeon is. We can re-use existing models quite a lot for buildings and scenery.
Any possibility to update construction skill, ability to add fairy rings, altars that switch magic spellbooks, and lunar teleportation portals? We've had some discussion about adding a room for switching magic, with a fairly high requirement.
Edit: first. I've had a look through the POH code. The data storage is not very flexible there. Rooms can have 7 hotspots, three of which may have 7 options and four of which may have 3 options. Most of the rooms are already using all the options on their hotspots. So we'd have to do expansion via new types of room. That's not particularly hard, and I've had quite a few requests for spellbook-switching altars, possibly with a fee for use.
Why were you selected out of all the members of jagex? Back in 2007, I had been the Upload Manager for a couple of years, and was transitioning to a Content Dev role as Mod Nexus took over the uploader job. So Nexus & I were two developers who'd be extremely familiar with the 2007 codebase, as well as all the upload-related tasks that would need to be done for the OSRS content updates.
How do you feel about jagex implementing legacy considering 07 is pre-eoc already. Edit: Lootshare option like rs3 where you get a piece of the armor drop, which with enough peices can be converted into the real thing. I have no feelings about RS3 bringing back legacy mode. I agree with the need to do so and am keeping up to date with it's development. Both for the health of RS3 and OSRS. I don't see it being an issue for us and we're going to continue to deliver everything we promised.
How big do you see the 07 team becoming? If the '07 team gets too big, we'll start having communication/organisation issues like any big team. Just now, it's been very handy having a small team that can be in communication with itself - and with you - very easily.
If Legacy gives RS3 players something that they'd like more than the EoC system, that's good news for the RS3 players. I don't begrudge them that.
Is there any chance that if we the player could obtain video proof of bots, could we or would we be able to submit the proof in order to help you guys a bit more in the bot detection process? I've been at experiments for days now and keep seeing the same bot running an awful script. You can send us a video if you really wanted to, alternatively just email the account names to [email protected] and we'll pass them on to our macro experts who will check them out.
The bot-hunting is done by a different team; we mostly just deal with game content and community stuff, although we try to liaise with them as much as possible. As far as I know, they're using systems that can analyse player activity rather more quickly than watching several minutes of video for each bot.
What's a typical day at JaGeX like? What's the usual routine? For me, I get in at 8am after giving my housemate, Mod Oliver, a lift in. When I get in, I usually jump straight into game to troll whoever is nearby and get feedback on the evening tweets I sent out which usually is asking for ideas on something I tweeted. From there, I generally boot up whatever stream (we use content streams here) I'm working in and get to work on the content projects you voted on. At 12, I head for lunch and then at 1, come back and finish the day off at around 4/4.30 pm. Same old really.
8pm or 8am? Typo or you work nights? Corrections included!
What are your plans for new quests? Will they be completely original, or adaptations of live game quests that came after 2007? If the former, will you come up with new stories for the questlines that are as of yet unfinished in old school? We would like to do some completely original quests as those are the best ones to write. It seems a bit dull to write and play a quest when everyone knows the story already.
With OSRS, you guys tried an entirely different approach to the game than the original Runescape. For 2014, RS3 mods announced their “Power to the Players” program which includes content polls and twitch streams. How much of this is based off the success that OSRS had with the approach? To be brutally honest, the internal politics between RS3 and OSRS is rather minimal. I'd like to think our successes had a positive and enlightening impact on their decision to go in the direction they are. I won't say what we're doing is by any means revolutionary or groundbreaking as all we're doing is letting you decide what you want and taking on feedback. Every game has to evolve and sometimes that approach simply won't work for that product. We're very lucky in that RuneScape is 13/14 years old now and has been through many episodic changes that we know what content works for our community. Hindsight really is one hell of a tool!
To be honest, I haven't been in any of the planning meetings that lead to the Power to the Players program, however the success we have had and the positivity of our community is something that hasn't gone unnoticed. I am sure it had a part to play.
It's a rather nice sign that they must think we're going in the right direction, even if we can't know for sure whether they're copying us on purpose :-)
Hello, will there be an achievement diaries update? I hope there will be, we can and want to do it. It seems it is important for the community too. So fingers crossed it will all pan out.
When are fixes going to be made for macs? Right now I play on a mac and im sure you guys are aware of the minimap spinning glitch. Sadly that's an engine problem and we're still waiting on news about that ourselves. I'll press Mod Philip who's head of engine to take a look at it soon.
Do you think you guys will ever accept Bitcoin as a payment option? That's one for our billing guys since we use the same payment module systems as RS3.
That'll be one for our finance team, sorry. Given the fluctuating value of bitcoins, they feel like a funny thing to use for paying for a computer game subscription.
Never say never, I haven't heard of it being a possibility... but who knows? - not me.
@ JohnC, what is the average day of a QA tester like? Do you get involved with the programming aspect of OSRS? I test content, offering feedback when necessary. Monitor and track bugs, contribute to design meetings and keep a keen eye on the forums, twitter and reddit. Drinking lots of Tea in between ;)
I'm curious, are you guys ever going to put clan wars in 07? I am sure that at some point before June we will be polling clan wars.
Any idea's if you're going to help liven up F2P pking? it's my absolute favourite thing to do and no one does it :( Thanks! Hmmm. I'd originally expected that we'd make the Wilderness Rejuvenation monsters and training facilities available only on the members-only worlds, not the two F2P-style worlds. That's normally how updates go. But we don't have to restrict it like that, so long as nothing tries to drop members-only items on a F2P-style world.
Do we have an ETA on the bot busting updates? While I am happy with a lot of the updates I'm seeing, the RC, Merchanting and other bots are really having a massive impact on the economy. The bot-hunting team has something new which is hopefully going to be ready for some quiet live tests next week. It's generally best if we don't divulge full details of how that team operates, since botters can read Reddit too :-)
Thanks for doing this guys. As an avid PvMer and boss killer, I have trouble finding teams for gwd. Do you think the new wilderness bosses can be soloed? Would you consider adding a solo boss similar to the QBD to oldschool? 3 of the new Wilderness bosses will be soloable and if the community want it we will be happy to add other soloable bosses to the game. Have you found the new chat room for getting GWD teams together helpful at all? If not, what can we do to help you find a team.
In one of the Q&A stream Mat K you said when you take the looting bag to a Banker he will give you your items and then will throw the Bag in the bin and the player has to get another one from the Wilderness monsters. In the Wilderness dev blog there's no mention about the banker throwing it away. How will it be then? The current plan is that the banker will throw the bag away. Getting a bag will not be difficult as every monster in the Wilderness will drop one. Banking items like this is a very difficult thing for us to achieve.
Hey guys, my only question is will you be implementing more achievement diaries into the game anytime soon? I've always loved them and it could help bring new content into the game. I love achievement diaries and we have had a few discussions about adding some new ones all at once. This is a large task and we have a lot of those on at the moment but we definitely would like to offer you them.
Is the mining/woodcutting spawn rate update going to be on the next poll? About a month ago you said it could be polled but haven't spoken about it since. It won't be in the next poll as its quite a large job and we have a lot of those at the moment, but it will appear in a poll in the near future.
Could we see Magic having a dedicated poll, auto casts/reworked augry/staff damage/arcane stream/greater runic staff? :) I agree that Magic is in need of some serious love. It's an under-loved, under-appreciated and frankly misused skill that has so much more potential. Unless you're on Ancients, there's really no need to use it in combat situations. I know we have god spells but even then, those are limited and not broad enough.
I'd like to look into this further.
Will there ever be F2P? :3. There may be, but until we have the bots, scamming, hijacking and other bad behaviour under control we can't even think about it.
Hilt and other item rates from gwd? Barrows item chance? Also on a personal question, any chance you can check trade logs? just got scammed sgs by someone in pvm clan and they are claiming they never got it. happened bout an hour ago and he also apparently sold 2 ags for irl cash today. Hilt is 1/512 from each GWD boss. Barrows items depend on the number of barrows brothers you've killed. The more you kill the more likely you are to get a drop. I think 12 is the magic kill count number to aim for. Killcount is solely for runes and other minor rewards but I believe 12 is the minimum needed for decent runes so the most efficient number to get.
Dragon chain/d2h from kq? D Chain from KQ is rather generous actually. Likewise with the D2h.
Hey guy, thanks for taking time out of your busy day to do an AMA! I only have one question for you... What are you doing about all these bots..? We have new technology in development to deal with bots, as soon as its ready we will tell you more.
If the community wanted it, are new skills or quest a possibility? And by new, I mean not in RS3. Yes, new skills and quests are a possibility. I don't see much demand for a completely new skill in an old-school game, but we'd really like to write you a new quest. Mod Reach hasn't had a chance to do a quest yet.
Is there any plan to move the Lore of the game forward? If so, will it take the same path as RS3, or will it branch off and be completely different? I would prefer not to have lore in OSRS that conflicts with the lore revealed in RS3. RuneScape is RuneScape.
In poll# 14, the question about introducing a minigame reward shop where you can use points and tokens from multiple minigames to buy new items passed. What happened to that? I haven't heard anything about since then. We offered a few items for that shop, but they didn't get 75% support, so the shop would currently be empty. For the moment, we've left it alone while we focus on the Wilderness.
I have a couple of questions: -Don't you think that the facts that legacy combat is going to be (probably) implemented ruins the idea of oldschool rs? -Are there any new quests coming up to oldschool? -How does one get a visit from a JMOD on oldschool rs? I don't think legacy mode will have any great impact on Old School. Although many players started OS for the combat system, most play it for so many other reasons now. Currently there are no new quests planned for OS, although we would love to do some.
Hello, a couple of questions; I don't think OS will overtake RS3's numbers, I have no idea what we would do if it did though.
1, Do you think osrs take over the EoC in player numbers and if it does will that impact the amount of staff and content that will come into the game? As for why Ash's voice makes you want to go to sleep... have you seen a doctor?
2, Why is it when Mod Ash talks I want to go to sleep, in a good way of course, I want him to read me a story. I think the more modern-looking version of RuneScape will always have a bigger appeal to new players who never knew RuneScape back in the '07 days. We don't see many players swapping from RS3 to OSRS - or vice-versa - at the moment, so I wouldn't expect to ever overtake them. Also, I'm not sure how desirable it would be for our dev-team to become as large as the RS3 dev-team - you already get weekly updates, and at the moment we're small enough that we can communicate with each other (and with you) very easily.
Sxi Gurl8 (please change my name It was changed my a friend and I hate it I will do anything for a different name) If I could talk like Alan Rickman, I would.
What is your favorite story from working at Jagex? Ash once told me about the developer of Desert Treasure and his understanding of modern day culture that he completely disregarded when writing desert treasure. Sadly, I can't explain what he did but I assure you it was outrageous and hilarious.
Can't explain it because you're not allowed to or just don't know how to? It was very... inappropriate and definitely NSFW.
Mod Reach - You love quests; have you considered my quest story for the monsters you have found in the archives and shown to us? I read over every suggestion I get sent (within reason!) and occasionally go back to the submissions we got during the first PDC as we have some really creative and (rather mental...) suggestions there.
I have plans for the old models don't you worry ;)
Hey, Here i am again the obsessive question asker. Hmmm, that might make a difference, yes. We'll try for something like that if we ever offer such a poll question again.
Mod Ash earlier on the Livestream you replied on the Quickpray idea. Is it possible to split up the Quickpray icon click area so both options are availabe? Maybe add a toggle option in "Setup quickpray" tab? Could Ahrim's staff attack speed be sped up so it has some use instead of being an alch item? Could you add a left click option on farming patches for when you have to use your spade like in EOC? I'd rather do the split icon thing, not the extra toggle. The more toggles we add, the harder it becomes to learn how to use the game. Some redesigning of the button would be required, though.
Thank you for answering and i'm really thankfull that you guys take so much time listening to players these days <3 //Neelke. We could do the left-click thing. I guess I've not seen very much demand for it before.
I know you have all stated the benefits of a small development team, but with the success of '07 within the past year, what would it take for Jagex to offer more resources to you guys? I'm talking about a permanent engine department, quality of life team, a quest/content developers. Just so we can see updates that both we want and you want, but that are currently out of reach because of lack of resources? Currently, Jagex sees a successful game running with a very small team. If Jagex were convinced that the game could be orders of magnitude more successful with a bigger team, I think that'd make it happen. They've already allowed us to increase our headcount by hiring Mod John C and an artist - at a time when the RS3 graphics team has not been hiring - so it's a rather promising sign so far. We've not been given our own engine guy, sadly, but Mod Phillip's been very obliging at sparing his time when he can.
Will you introduce Dragon Claws into the game? No, OP.
Will a re-sizable and fullscreen mode be added to the game? No, too much engine/GFX/dev/testing work for a team this size. Sorry.
Are your plans to always keep Oldschool as it is, or do you have future plans to slowly evolve Oldschool into a new RS through the community polls? If there's this much demand for updates, we'll be very happy to take the game in the direction the players seem to want.
This isn't really a question but a list of ideas that I would think would make the game run smoother. Repolling previous items that fell into the 65%-75% percentage range. (Mouse middle click, quest cape trimming.) Edit: Also, opinions of others are welcome too on these ideas. They are all very good ideas and eminently achievable. However, the same goes for these ideas as every other ideas. As we are a small team we have to prioritise what we do so we are working on most important things for the community. Where would you rank your ideas in the the whole priority of the community? I think achievement diaries is up near the top, so that maybe something we look at in the not too distant future though. Many of those are already on the wishlist, but here are a few comments: - Buy/Sell-X in shops is problematic because shops in OSRS recalculate the price based on the stock level. If we try to do a big sale of ~100+ items in one click, that's a lot of code to run, and the engine would complain. That's why we've started selling packs of 100 feathers/vials/tips instead. - Joining previous house/chat-channel is feasible, although we currently can't make it save the name over logout due to engine limitations. - The world queue was polled and failed. Apparently some people prefer spam-clicking over waiting in an orderly queue. - We'll repoll something if (1) we can design a better version than we offered the previous time, such as with the middle mouse button, or (2) if the original question was so poorly understood that the vote's results were meaningless.
Do you have any plans to feature player-created content at all (via competitions, perhaps), or will RS07 remain 100% from the crazy minds working at Jagex? The rooftop agility courses were designed by a player in our last Player Designed Content competition, we hope to run some more of these in the future.
How far are you all planning to go with future updates? Is there a limit to how much currently EOC content you're willing to put into the game? We put in what the community wants! Provided it is possible with our current tools and 2 developers.
Xp till next level when you hover over a skill on the stats tab It makes it a little bit easier if you can hover over a skill and it tells you how much XP you need to get to the next level. Lol - I've seen you post this on so many threads that have nothing to do with the topic!
Drill demon random event In this random event, there are four different exercises. Can we have the exercises as a emote so it can be done outside of the random event? it could maybe a rare reward form that random event? The XP-to-next-level thing is on our list of suggestions for future polls. It just hasn't made it into a poll yet. I expect it will soon; you're not the only person asking for it.
Change colour of public chat, clan chat, PM. We could add those emotes as rewards from the event. We'd need GFX for the emote buttons, but I expect we could arrange something.
Let us stop asking the non-essential questions. We need to take a step back from old school and get the REAL questions answered. How do you like your coffee? How many sugars? Do you take it with cream? Or are you a milk man? Black coffee with 1 sugar :)
Thoughts on the return of Curses and Dungeoneering in some form? I'd like to write a randomly-generated dungeon system for single players and/or groups, although I wouldn't call it a skill.
I'm not so interested in curses, but they're certainly possible provided you don't mind what GFX we use.
We can add curses if the community want us too, and that's the real question.
As for dungeoneering, we would love to do some huge dungeon raids where the bosses scale depending on the amount of people in the dungeon (imagine 100 people raids) - that would be awesome.
There have been various alternatives to counter the problems that would occur if F2P servers were to be added such as only making it available to accounts created before a certain date, 2012 for example. This would counter the mass amounts of bots, and it would allow for old players to join back in and have a taste of OSRS, then subscribe if they want more. Is this option considered as a temporary solution until the OSRS team can get things better handled? The whole purpose of F2P is to attract new players. If we limit that experience then we take away the reason to have F2P.
For trading, can we have some sort of chat filter where, for example, I can choose to see public messages from people that have the word "whip" in it? There are some technical challenges with that (for example storing more lines of chat in the client) - but that is one option we have discussed.
Would you consider closing eoc for more activity on osrs? I doubt we will ever consider closing RS3. Both games are really popular and it is great to see them running side by side.
When can we expect the development of Stealing Creation or something similar to begin and when can it be polled? The schedule for when we poll things is largely decided by the community at the time. Should a Stealing Creation type game become the biggest priority for the community we will poll it. Sadly, I think this is some way from being there.
Would a variant of the rock caverns be possible for Old school? While we don't have the GFX of the original, we could certainly make something similar. Actually, one or two of the Wilderness features we're doing are based on LRC designs.
If the new update poll passes for RS3 for switchable combat styles... Do you think OSRS will stay intact, do you think the player base will crumble? I think we'll be just fine. A few people have said they're going to move over to RS3 for Legacy, and I hope they find a version of RuneScape they like. But there's a lot more to OSRS than just its combat system, and we're expecting to be here doing OSRS updates for our community for a very long time to come.
Do you think you will ever implement true F2P for 07scape? The obvious and most immediate drawback is more bots, which will require additional resources to deal with, but I think the increase in player base would make it a worthwhile trade. It's not a decision that'd be made by the OSRS team, in the end. We can make recommendations, but Jagex's financial decisions are made at a considerably higher level. Preferably with a lot of statistics to back them up. If they decided we could have F2P, and it went out of control due to bots/hijackings/scamming/RWT, that'd do a lot of damage to a game that's currently doing rather nicely for players.
What are your plans as far as update into 07. Like how close to the current game do you plan on reaching before stopping. Do you have plans to update into the game such things as nex and dragon claws. Or do you only plan on advancing the game in a different directions than before like you have with the staff of the dead and the new kraken monster? We're not aiming to copy RS3. People often ask for stuff they've seen in RS3, but we'd just as soon do something completely different.
When dealing with things from RS3 that had distinctive GFX, our version would be forced to look inferior to the RS3 one due to the different graphics systems, so I prefer not to create knock-offs of RS3 content like that at all.
Would you guys add in runetek5 if voted upon is that possible ? That's an engine change and frankly, we don't need it. If we need amendments to the engine, we can just ask engine to add what we need.
RuneTek5 doesn't bring us anything we can't already get in our current engine.
Are there any plans to poll having bank tabs to sort your bank? Yes, if we can (1) make it work without engine support or (2) get engine support.
Hey Guys, do you think their is a possibility that raggers will be dealt with in PvP situations? The crystal bow is one of the main problems for this. We've offered a change in the Wilderness Rejuvenation project to address that particular item by making it revert to seed when dropped. We've also got High Risk worlds now, so a ragger will have to risk dropping something if they're going to have a weapon at all.
With regards to the unusually offensive abuse that some raggers have been shouting, that remains against the rules, and I would hope the Support team can continue taking action against people like that.
Last updated: 2014-02-11 06:52 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

CryptoBard - Get Lucky ( Blockchain is a miracle ). Bitcoin, Bitcash, IoTa & Ethereum sing for you. Nerva - New CPU ONLY mining - How to SOLO mine - YouTube Bitcoin Mining At Home Using The GekkoScience 2PAC USB ... NEW FREE MINING WEBSITE 2020 NEW BITCOIN MINING WEBSITE ... CGMiner Solo Mining Bitcoin With A GekkoScience 2PAC ...

I'm solo mining AmericanCoin on a US$6/month VPS generating about 7 scrypt kilohashes per second, and just won block 55311 about an hour ago, after about 8 weeks of trying with the random-nonce scrypt-mining script linked to from my blog. so it can be done, if the difficulty is low enough. it might have worked just as well or better with the built-in linear-nonce mining code, but I figured ... You might not get anything at all, but if you're lucky enough to solve a block you can hit a huge payout! Real-time Solo Mining block reward. Bitcoin block reward: $ Litecoin block reward: $ Solo Mining - 5% Fee Pool coin Algorithm Miners Pool Hashrate Network Hashrate Network Difficulty Action; Bitcoin Sha256D 0 0H/s 147E H/s 19.29T Go Mine Litecoin Scrypt 0 0H/s 298.34T H/s 9.67M Go Mine ... Get 2.5 with Genesis Mining discount code As common as it is in Bitcoin Mining, Has anyone ever been lucky with solomining Bitcoin using relatively slow hardware? Solo mining is riskier, Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins. Introduction. Mining is the process of adding transaction records to ... Click the "Start mining" button. You are now mining with the network, as you can see on the bottom of the image. In this example, the computer is contributing 23 H/s to the Monero network. Mining helps keep the network secure, and you may get lucky and receive a reward for protecting the network. To stop mining, simply click the "Stop mining ... Having said these things it is extremely likely that over the whole life time of your hardware you will get zero btc, but if you get any you'll be way ahead of what you would have got from mining in a pool. Lets say when you buy hardware you can expect to earn back exactly what you paid for it over its lifetime. If you find any btc you will get 25 assuming you're only get lucky once. So if you ...

[index] [6070] [22316] [21998] [11224] [51352] [48842] [12789] [3419] [2558] [51193]

CryptoBard - Get Lucky ( Blockchain is a miracle ). Bitcoin, Bitcash, IoTa & Ethereum sing for you.

Nerva is a great new coin with a very unique twist. The only way to mine this coin is with your CPU. Take a peek and I'll tell you all about it! Website: htt... Hodl on bitcoin and so soon You'll be a crypto tycoon Hodl on all time to get lucky Your happiness is mining You've seen bitcoins shining What is this you are feeling? And do you wanna leave it? Hook. Join Now Here : https://bit.ly/3kXSfIU ***** How to join the daily giveaway Daily Giveaway Rule 1 - Subscribe to this Channel 2 - Like & Share this Video... Sigun Up here :https://bit.ly/3kXSfIU ***** How to join the daily giveaway Daily Giveaway Rule 1 - Subscribe to this Channel 2 - Like & Share this Video 3... What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1...

#