What Is Bitcoin United And Should You Trust It?
In the digital world, it can bedifficult to distinguish between what is real and what is fake. A new post on the Huffington Post talks about Bitcoin United beinga solution to end all forks. This post makes some very bold claims regarding faster transactions and improved scalability. To most readers, this post is nothing more than a scam or a fake project. However, it is still worth looking into some of itsaudacious claims. Bitcoin United Makes Some Interesting Claims Judging by the Huffington Post article , Bitcoin Unitedis either a joke or a major scamcoin. Regardless of which argument applies, the project feels it has the potential to end the scaling and forking debate. The post claims how Bitcoin United, known as BTC-U, will provide three-second confirmations and a scalable level of up to 10,000 transactions per second. Most Bitcoin users would not mind seeing such a degree of confirmation times and number of transactions on the mainnet in the future. However, it seems ludicrous to make such claims as if it were possible to achieve them right now. The Bitcoin United team assertsthat is certainly the case, and claimsthis project will be a gift to the overall cryptocurrency community. Unwanted gifts are rarely appreciated by Bitcoin users, and this bogus projectwill fall into that same category. Thearticle also talks about BitShares developers joining other alt-Bitcoin developers to create Bitcoin United. This seemingly indicates that BTC-U is another project by Dan Larimer, a person who is known for his involvement in BitShares and theories on horizontal scaling for Bitcoin and other cryptocurrencies. Since this technology is still unproven and untested, making claims of how Bitcoin United will be better seems premature. Bitcoin United wouldprovide the solution for w Continue reading >>
Home-unitedbitcoin-linking Value & Serving The World!
UnitedBitcoin upgrades Bitcoin through Smart Contract Implementation Same Proof of Work and Issuance Model of Bitcoin, with new hi-speed smart contracts Future Lightning Network support for faster and cheaper transactions UnitedBitcoin (UBTC) will be allocated to active Bitcoin wallets at a rate of 1 BTC to 1 UBTC at time of fork No pre-mining, stable system with fiat currency pegged reserves Original PoW mechanism, UTXO model and blockchain inheritance 1:1 Asset allocation to active addresses, same block-time, halving-time and total cap. no pre-mine. Greatly enhances scalability by introducing payment channels between users. Greatly increases transaction speed by increasing the block-size to 8 MB and supporting SegWit UnitedBitcoin adds smart contract capabilities along with other upgrades to greatly increase the utility and potential of Bitcoin. The UB Foundation will manage funds from inactive wallets post fork and foster the ecosystem with them. It will also develop a cryptoasset pegged to UBs reserve against fiat currencies to support projects worldwide. June 2016UnitedBitcoin team starts the development of smart contracts The core members of UnitedBitcoins development team start the development of LUA based smart contracts. May 2017The first UVM smart contract is fully tested Smart Contract and UVM functionality has been successfully tested. Two languages, similar in structure and syntax to C# and JAVA have been added as well. September 2017Beta test of version 0.1 of UnitedBitcoin (8MB + SegWit) To speed up testing and facilitate acilitating adoption, smart contracts have been excluded from this test. Testing the increased block-size (to 8MB) as well as SegWit was a success. December 2017Version 0.5 of the wallet officially migrated to GitHub The wallet with aut Continue reading >>
United Bitcoin Is Facing A Lot Of Hurdles: United Bitcoin May Be The Most Controversial Fork To Date
United Bitcoin is facing a lot of hurdles: United Bitcoin May Be the Most Controversial Fork to Date In the last one year, there have been plenty of forks in Bitcoin. They have also generated enormous wealth for most of the holders. However, one such fork is united Bitcoin which is actually proving to be a headache for most of the Bitcoin holders. United Bitcoin was created after the failure of the Segwit2x fork. The problem is that, claiming the United Bitcoin token is actually much difficult as compared to some of the other Bitcoins. Also, it is facing network and mining issues as well. The fork was created by Jeff Garzik. However, due to the improper allotment or claiming of the United Bitcoin, users are facing a lot of problems. According to the development team, a credit-based currency will soon be launched which can work against various Fiat currencies. Smart contracts system will also be initiated. The users of United Bitcoin will be able to receive this in their wallets at the rate of 1:1. The main purpose due to which the development team has created this fork is to make Bitcoin much more robust. According to him, the United Bitcoin technology combines community as well as tokenomics, which will, in turn, help innovation. Another problem which United Bitcoin is facing is that the total number of minors is pretty less at just 2. Out of this, one minor control 70% of the hash rate in the network. Thus, if the mines move away from the network, it will be very difficult to process the transactions. Also, with increasing popularity, the number of transactions will also increase which will slow down the network. This is another problem which is being faced by United Bitcoin. SEE ALSO: Ethereum Founder Vitalik Buterin, Uncovers New Idea On The Ethereum Blockchain -Su Continue reading >>
How To Start A Bitcoin Mining Business: Step-by-step Guide
How to Start a Bitcoin Mining Business: Step-by-Step Guide How to Start a Bitcoin Mining Business: Step-by-Step Guide Bitcoin, the revolutionary and contentious cryptocurrency has seen its ups and downs over the years. What was initially dismissed as a crazy idea and a fad has now established its place in the market as a credible financial instrument. Whats more, even long time skeptics, financial instruments, have started to embrace the cryptocurrency. And while this wide-scale adoption is great for the currency as a whole, it has brought with it a new range of challenges for miners. Bitcoin mining, by design, has gotten tougher over time, individuals running background apps on PCs have given way to savvy entrepreneurs with VC funding, setting up Hyperscale, multi-megawatt, facilities dedicated to mining bitcoin. Having helped build some of the largest, most efficient bitcoin mining facilities (over 10MW), wanted to outline some key learnings in the form of this step by step guide on how to start a bitcoin mining business/ operation. As obvious as it may sound, it is critical that you do the math and evaluate the financial feasibility of mining bitcoin. Youd be surprised about how many enquiries we get for projects that make little financial sense. And while, itd be easy for us to just quote them a cooling system price and sell more units, were committed to seeing our customers succeed, and often help people see why a project may not be feasible or why we may not be the best solution for them. The first step within the evaluation phase is to research what kind of miners youll be using. You ideally want to pick the most energy efficient miners, but if you have access to cheap, clean power, the upfront cost may be more important, the idea is to look at the total cost of Continue reading >>
United Bitcoin May Be The Most Controversial Fork To Date
United Bitcoin May Be the Most Controversial Fork to Date Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one would think. Also read: The 65 Percent Price Dip Has Made Bitcoin Whales A lot More BTC A few months ago we reported on the UBTC project created by Jeff Garzik, his partner at the blockchain company, Bloq, chairman Matthew Roszak, and Bitbank Groups Songxiu Hua. The team says it plans to create a credit currency system pegged against various fiat currencies alongside a native smart contract feature. The entire network is modeled after the bitcoin core blockchain prior to December 12, and all active wallet holders are able to receive UBTC at a 1:1 rate. The catch is inactive wallets will go towards the UB Foundation to support innovative blockchain development. Over the past few weeks, the UBTC team have made some videos detailing their projects goals to be serious cryptocurrency contender. One particular documentary shows Garzik describing why he thinks UBTC can be a digital asset that engages and unites with the entire cryptocurrency ecosystem. If I could start with a clean slate what technologies would I include? Garzik asks an audience during the video. Matthew Roszak says that United Bitcoin will encompass three really important pieces technology, community, and tokenomics by relying on cross-industry innovation. One Out of Only Two Miners Controls 70% of the Networks Hashrate So far the network has minimal infrastructure and community support. At the time of publication, there are onl Continue reading >>
United Bitcoin Review - Smart Contract Bitcoin Upgrades & Ub Blockchain Fork?
United Bitcoin aims to upgrade bitcoin by adding smart contracts to the network. Find out if its a legitimate competitor or just another unnecessary hard fork today in our review. United Bitcoin, or UBTC, is a new bitcoin-based project that recently appeared online at UB.com. The project aims to upgrade bitcoin by implementing smart contracts, among other features. United Bitcoin was launched by Jeff Garzik, well-known for spearheading the Segwit2x hard fork proposed for the original bitcoin (BTC) blockchain . That hard fork would have doubled the block size of the original bitcoin blockchain, providing a better scaling solution. Obviously, Ethereum was the first blockchain to implement smart contracts. Bitcoin (BTC) does not currently have smart contracts. We dont know of any bitcoin hard fork that has successfully added smart contracts to the bitcoin network. Despite these challenges, United Bitcoin believes it can accomplish the goal of adding smart contracts to the bitcoin network. The team also wants to add Lightning Network support. United Bitcoin launched with an official hard fork on December 12, 2017. Theres an overwhelming number of bitcoin hard forks on the market today. Lets take a closer look at how United Bitcoin works to see if theres any real substance behind the project. One of the most unique features about United Bitcoin is the distribution process. Any bitcoin core (BTC) users who transfer their funds would be eligible to receive their UBTC balances if they transferred any bitcoin between block 494000 and block 498777 (between November 11 and December 12, 2017). The receiving address must be tethered to one of the input addresses, and cannot be a fresh new address. Meanwhile, the output address must contain a balance of more than 0.01 BTC . Under th Continue reading >>
United Bitcoin Hard Fork Aims To Steal Inactive Wallet Balances
United Bitcoin Hard Fork Aims to Steal Inactive Wallet Balances It is evident the United Bitcoin project is pretty controversial. Not only is it the umpteenth hard fork to steal Bitcoins thunder, but it also seems more nefarious than originally assumed. The goal of this project is to make Bitcoin useful again, which is honorable. However, this fork will also transfer inactive balances to the UB Foundation. This means that, in theory, Satoshi Nakamotos BTC are at stake here. Not all Bitcoin hard forks are harmless this time of year. United Bitcoin is by far one of the most controversial projects in existence today. According to the whitepaper, this project will go after inactive account balances. All of this money will be moved to multisignature addresses controlled by the United Bitcoin Foundation. A very troublesome development, especially when looking at the bigger picture. A lot of money is locked in addresses which can no longer be accessed by its original owner. This includes all of the addresses belonging to Satoshi Nakamoto as well. Assuming that is the objective of this hard fork, it is one of the biggest threats to Bitcoin in history. There is no reason to claim inactive funds for ones own benefit whatsoever. Nor should this be made possible at the protocol level whatsoever. It is unclear why the United Bitcoin team event dares to explore this option. All of the inactive funds need to be left alone, as it doesnt belong to anyone but the original address owner. Wow. New @jgarzik Bitcoin fork set up to steal Satoshis inactive coins and give them to other projects like Ethereum. ht @WhalePanda pic.twitter.com/YANongHbcR Russ Harben (@RussHarben) December 13, 2017 Moreover, there are even more complaints regarding this project. The United Bitcoin fork seemingly re Continue reading >>
Comparison Of Mining Pools
CPPSRB - Capped Pay Per Share with Recent Backpay.  DGM - Double Geometric Method. A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk. Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments.  ESMPPS - Equalized Shared Maximum Pay Per Share. Like SMPPS, but equalizes payments fairly among all those who are owed.  POT - Pay On Target. A high variance PPS variant that pays on the difficulty of work returned to pool rather than the difficulty of work served by pool  PPLNS - Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries. PPLNSG - Pay Per Last N Groups (or shifts). Similar to PPLNS, but shares are grouped into "shifts" which are paid as a whole. PPS - Pay Per Share. Each submitted share is worth certain amoutripnt of BC. Since finding a block requires
Bitcoin United (btc-u) Offers 3 Second Confirmations And Massive Throughput Steemcreated With Sketch.
Please dont change Bitcoin, youll break it! Alas, nobody listened. We may have dodged a bullet on August 1st, well see, but this worry wont go away. Another Time of Forking now looms in November and eventually we wont be able to stop it. The system will grind to a halt and Bitcoin will break up in a forking crisis. So we decided the next best thing is to fix it ourselves first, We are adding our own candidate to join the other Alt-Bitcoins in the ongoing forking Diaspora. We call it Bitcoin United (BTC-U) aka (BTC.BTS). The purpose of Bitcoin United to provide a solution so far advanced that there would be no reason to adopt anything else thus avoiding a permanent breakup. Bitcoin will remain united through the sheer force of excellence of our long-proven, freely available technology. BTC-U will be gifted one-for-one to all holders of BTC at the last unforked classic block when the Time of Forking inevitably arrives (we wont fork it over until somebody else breaks the taboo then it will happen automagically). When that final fork up occurs, Bitcoin United will come to the rescue providing a solution so much better than what weve been offered by the insiders and other special interests that there will remain only one true Bitcoin. After all, if were going to break Bitcoin unity for some tiny, ineffective code changes anyway, why not go all the way and fix everything at once? Bitcoin United upgrades Bitcoin to the state of the art in blockchain technology, permanently solving more than just its intractable lack of scalability, but all twelve of Bitcoins most serious limitations. (More about that in a future article.) And Bitcoin United gets an automatic free upgrade to EOS.io technology with unlimited bandwidth later that same year. But for now, well settle for having al Continue reading >>
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All New components. Full manufacturer warranty included. Instruct rig to remote reboot, set core clocks, mem clocks, fan control, pool info, and other settings remotely. Built with our custom frame for better airflow, stability, and durability. Fully configured Ethereum, Zcash, Monero Mining software with optimal settings. Enter your wallet address, and you're ready to go! One of a kind mining rigs with 7-inch touchscreen and user interface. Thanks to SharkOS you can control the power of mining rig with a touch of a button and see real-time parameters for fan speed, power and other. No need to control remotely or use external monitor, mouse, and keyboard! Designed by BIZON. Graphics cards and workstation experts. SharkMining was founded by BIZON company.BIZON is a Silicon Valley-based company specializing in software and hardware development of external graphics cards and high-end computers. 500+ companies trust BIZON (Tesla, Samsung, Google, Amazon, Oculus, Facebook, Stanford University). All the SharkMining rigs designed and assembled by the team of hardware and software engineers with 10 years experience. Continue reading >>
10 Best And Biggest Bitcoin Mining Pools 2017 / 2018 (comparison)
Jordan Tuwiner Last updated July 13, 2017 Now that you have Bitcoin mining hardware , your next step is to join a Bitcoin mining pool. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pools owner. Miners can, however, choose to redirect their hashing power to a different mining pool at anytime. Before we get into the best mining pools to join, its important to note that most mining pools are in China . Many only have Chinese websites and support. Mining centralization in China is one of Bitcoins biggest issues at the moment. There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pools company, we estimate that Chinese pools control ~81% of the network hash rate: The list below details the biggest Bitcoin mining pools. This is based on info from Blockchains pool share chart: We strongly recommend new miners to join Slush Pool despite it not being one of the biggest pools. It was the first Bitcoin mining pool and remains one of the most reliable and trusted pools, especially for beginners. Antpool is a mining pool based in China and owned by BitMain. Antpool mines about 25% of all blocks. BTC.top is a private pool and cannot be joined. BTC.com is a public mining pool that can be joined. However, we strongly recommend joining Slush Pool instead. Bixin is another mining pool that is based in China. It is a public pool, but unless you speak Chinese we do not recommend joining this pool. BTCC is a pool and also Chinas third largest Bitcoin exchange. Its mining Continue reading >>
Bitminter - Bitcoin Minting The Easy Way!
A closer server can slightly reduce stale (rejected) work. A reject ratio around 0.10% is normal. Check live stats to see your reject ratio in the current shift. If you have firewall issues try port 443 instead of 3333. New users can mine with just the user name. That's because you start out with a worker that has the default setting enabled. To use a specific worker mine with your user name, an underscore, then a worker name, e.g. John_asic3. There is no password check. You can put X or 123 as password. Bitminter is a bitcoin mining pool that aims to make it easy for anyone to make bitcoins. Bitminter is one of the oldest pools. Since we opened in 2011 over 450 000 people have registered accounts with us. We hope that you will join us too! ASICs took over in 2013. Mining one bitcoin with just a PC now takes millions of years. You'll want a 1 TH/s or faster ASIC machine to start a small mining-at-home operation. Have a look at Antminer from Bitmain and AvalonMiner from Canaan . Used ASICs are available at ebay and similar places. Your work is recorded in shifts . When we create a new block you get a share of the income proportional to how much of the work in the last 10 completed shifts is yours. This reward system is known as PPLNS with shifts. 99% of the mining income (including transaction fee income) is paid out to users. Donations are optional and will unlock various perks. You can pay for goods and services with bitcoins. Try the open market OpenBazaar or the freelancer market Rein . Get bitcoin-themed items from BTC Trinkets . Or what about Overstock , Expedia , Mega . Find more with CoinMap or the Bitcoin Wiki . Continue reading >>
Ubtc (united Bitcoin) Mining Tutorial Vvpool
UBTC (United Bitcoin) Mining Tutorial VVPool UBTC (United Bitcoin) Mining Tutorial VVPool Written by admin on January 22, 2018 in Guides (1) Hardware Preparation: SHA256 algorithm professional Asic miner (i.e. Bitcoin mining machine), machine matched power, a network cable, a computer. (2) Download Finding IP software: . (3) Prepare a UBTC wallet address. You can get from the exchange platform (ZB, and so on), or you can download wallet ( ). (2) Connect the power, turn on the power switch, the machine starts to run. (1) Unzip the Finding IP software, double-click the file IPReporter in the folder. (2) Click Start, and then press the IP Reporter button on the mining machine for one second. (3) At this time the software will automatically eject the miners IP, copy the IP to the browser. (4) Open the browser, paste the miners IP into the browser, click enter. Username: root, Password: root, then click sign in. On the Miner configuration/general settings page, URL: ubtc.vvpool.com:5559 (see the figure below). Worker: Wallet address.number, For example, 1EGjky8No1K8WgPhXq12yU4SzAFDkzoug7.1 When complete, click Save&Apply in the lower-right corner. 5. Monitor the running status of the machine on Miner Status page 6. Monitor your worker and revenue on VVPool website Open the VVPool website: , copy the UBTC Wallet Address to the Address bar and click GO: Monitor your worker and revenue on the page: Continue reading >>
Chinese Bitcoin Mining Giant Bitmain Is Expanding To The United States
Chinese Bitcoin Mining Giant Bitmain is Expanding to the United States Join our community of 10 000 traders on Hacked.com for just $39 per month. Major China-based cryptocurrency miner Bitmain is looking to carve an entry into the United States. The company is looking to expand in the port of Walla Walla, a city in Washington. The news was first published in a local publication, Union-Bulletin . Though Bitmain has not made any announcement of the expansion, the article mentions a company called Ant Creek to be the one setting shop. According to the online registration data , Ant Creek was registered in the state of Washington last year for which Bitmain co-founder Jihan Wu is the sole governing person. According to the article, the Port of Walla Walla would be leasing land from early 2019 and the company will be given an option to purchase up to 40 acres in future. The Port officials have also reported that this could bring between $7 to $10 Million of private investment and up to 15-20 full-time jobs. Also, Port Executive Director Patrick Reay said his agency has been working with Antcreek LLC for about six months on the development of a blockchain facility. Patrick is not concerned about electricity demand because theyre not an electric purveyor. If approved, the lease price is set at $4,166 USD along with an additional state leasehold tax of $535. The land Ant Creek will be leasing is known as the Kelly Property. This comes at a time when Bitmain had seen unprecedented profits last year. It is estimated that Bitmain made anywhere between $3 to $4 Billion USD in operating profits last year, rivalling GPU Giant NVIDIA which made $3 Billion in operating profits at the same time. This expansion from Bitmain is due to the recent crackdown on Cryptocurrencies from the Chi Continue reading >>
Can some one clarify how to claim BTC UNITED in the second phase? All users with Bitcoins who failed to get UnitedBitcoin in Phase #1, and who make at least one transfer to his/her own Bitcoin address between Block 498777 and Block 501878 (12 December 2017 to 12:00 on 3 January 2018 GMT). Only address balances at the time of the fork will be considered for post-fork crediting Only the original address can make the transfer to itself The receiving address must have a prior balance of more than 0.01BTC, and must be used as one of the sending (input) addresses  for an address that you owned at the fork BTC block height #498777  you have to send some bitcoin between [ 498777 and Block 501878] to said address in . [q1] do they credit you on the basis of the funds at the block height #498777 ? regardless if you have emptied them since? [q2] the private key for owned address is used? Further confusion is here the bitshares united below, is this a seperate claiming mechansim for same coin because they seem to say jsut yuse you priv key....? see below It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules. Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.  send from same address to same address 0.0001 BTC, then check their ub explorer, then import private key(after you secure BTC to another address) [q1] yes, if you moved funds to another own address, you can claim by sending some back to original address [q2] they will send ub to same address with ballance @ #498777, you will have to import private key to get them if for some Continue reading >>