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What's Next For Bitcoin Cash? Making Profitless Mining Profitable - Coindesk

What's Next For Bitcoin Cash? Making Profitless Mining Profitable - Coindesk

What's Next for Bitcoin Cash? Making Profitless Mining Profitable You might not expect bitcoin miners to leave money on the table but according to estimates , some are, and lots of it. Rather than simply mining the version of the bitcoin blockchain that's purely the most profitable (today it's the original BTC blockchain), a portion of the network is instead choosing to earn less by directing computer power toward bitcoin cash (BCH or BCC), a version of the blockchain created in a fork earlier this month . But, far from just another data point in the ongoing flame war between the two camps,it's a development with some interestingimplications. That's because the results, while early, appear to provide a counterpoint tothe thinking that has so far driven decisions in the fieldof "crypto economics," wherein protocols are built to combine economic incentives and game theory. Should more money be available on one version of the blockchain, it would stand to reason, some minerswould simply switch. But the continued existence of bitcoin cash showsthat short-term profit isn't the only consideration. While some argue thatblockchains that failed to garner majority hashing power willdie off and bitcoin cash still could it is now providing the latest example that this theory doesn't necessarily work in practice. And, asbitcoin heads for potentially more forks ahead, this suggests more versions of the blockchain could persist, possibly splitting miners and diluting the network. So, who's mining bitcoin cash? And why are they OKwith losing money? To begin, there are currently only a fewmining operations, the largest an unknown actor (or pool of actors) controlling roughly 90percent of the hash power on bitcoin cash. Some speculate themotivation driving these minersis a purely ideolo Continue reading >>

This 16-year Old Crypto-app Developer Fights Back Against Reddit Hate

This 16-year Old Crypto-app Developer Fights Back Against Reddit Hate

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate Last month a 16-year old girl from India created a digital currency price ticker that tracks the price of cryptocurrencies like bitcoin cash, ethereum, and many others. However, when Harshita Arora introduced the iOS application to members of the bitcoin community who patronize the Reddit forum /r/bitcoin, she was accused of plagiarizing the app. Unfortunately, even though the accusations were false, Arora was further discriminated for being a woman, while commenters also speculated that an individual at her age couldnt possibly create an iOS platform. Also read: The 65 Percent Price Dip Has Made Bitcoin Whales A lot More BTC This week news.Bitcoin.com spoke with, Harshita Arora, a 16-year old girl who developed the Crypto Price Tracker application for iPhones. Arora explains she lives in a small town just outside of New Delhi in India and shes a big fan of technology. Arora has been studying computer science, and was accepted to the Massachusetts Institute of Technology (MIT) for a summer internship. Arora decided to make a cryptocurrency price tracking app for iOS and announced the launch of the project on January 28. However, when she announced the app herself on the forum /r/bitcoin, she was greeted by a mob of people who didnt believe she created the app. One critic wrote a blog post detailing that the app was plagiarized although the story was later revealed as false. Most of the criticism came from the fact Arora hired help to do some of the backend coding on the Crypto Price Tracker. But following the accusations /r/bitcoin patrons started harassing Arora for being young and a wrote hateful and sexist comments to her. News.Bitcoin.com chatted with Arora to hear how she got into coding and cry Continue reading >>

There's A Lot Of Comments On That Reddit Thread About How Awesome This Would Be ... | Hacker News

There's A Lot Of Comments On That Reddit Thread About How Awesome This Would Be ... | Hacker News

It's pretty much letting people with GPUs become a sort of 'mini-cloud provider'. There's no job queue or fancy distributing computing setup. We just let you SSH into a container on someone's computer, and pay for the time used. I was doing a lot of fun deep learning projects on the side & would often Venmo my friend who was mining Ethereum to use his GPU to train my models. He made more and I paid less than AWS spot instances or Paperspace. This is just a fun side project hoping to let people who want to train their deep learning models do it cheaply (on other people's computers!) I love the way this idea evolved across threads, to stimulate a great discussion! As this idea attracts attention, the limits of scaling this become clear, as does the need for well balanced network incentives. This is one of those problems that actually does benefit from a blockchain token, and a few implementations are just emerging. I imagine success with this concept will include Homomorphic Encryption or Zero Knowledge Proofs, in order to prove unique processing took place. Value added services seem to be a natural fit as well. Check out Openmined ( ) Cardstack (particularly this recent post The Tally Protocol: Scaling Ethereum With Untapped GPU Power @christse and Ocean Protocol, and as others mentioned, SONM, iExec, Golem, and all the BOINC tokens (pascal coin). I so look forward to this whole niche maturing. I think this is a great business idea with a lot of potential, if you can address the reliability, scalability and trust problems you might have a really large business opportunity here. I'm really impressed with your pragmatic and simple (for the user) implementation of this idea, I think you really did a great job identifying a minimal set of useful features and implementing th Continue reading >>

Anyone Mining With Google Cloud Gpus? - Ethermining

Anyone Mining With Google Cloud Gpus? - Ethermining

Just an FYI, crypto mining is against their terms of service. This service is launching soon in the US and you get access to a dedicated GTX 1080/P5000 (both the same chip) as well as a full windows desktop to install (in their words) "ANY SOFTWARE". It doesn't take a mathematician to tell you that the GTX 1080/P5000 will easily mine $7-8 a day in Zclassic. Or about $5 a day of Zcash. Oh, and you dont have to pay for electricity. Seems like a money maker to me, but im sure they will catch on at some point. Mining is actively monitored and banned proactively. Mining can also cause extra damage to the hardware, so don't panic if you get a legal letter to pay for the damages. To be fair, they could quote the full GPU price because mining does put a lot of extra stress on the GPU. The first two points are fair, the last one is absolutely frivolous and could be argued until the end of the earth. Eth mining is only memory intensive, its runs the GPU core no harder than rendering a scene in a game. Provided the user does not overclock the companies hardware(memory, in Eths case), there is NO case. An argument could be made for dual mining, I suppose, but proving that dual mining happened specifically could be hard. If I were billionaire rich I would absolutely be willing to fight a company in court over that. You could argue that 24/7 usage is abnormal and thus puts additional stress on the hardware that would fall into an "abuse" category but even so, you would have to prove damage to your hardware and there would likely be none. One also has to ask, where does it stop? Would they also ban those that use the hardware to render 3D scenes for Blender or some other similar software? Both mining and 3D scene rendering use the card in a "compute" mode so you would have to apply t Continue reading >>

Cloud Mining With Genesis Mining: Good, Bad, And Ugly

Cloud Mining With Genesis Mining: Good, Bad, And Ugly

Cloud Mining with Genesis Mining: Good, Bad, and Ugly Cloud mining these words alone are often enough to stir up a frenzy of controversy in the crypto asset realm. In this three-part series, Ill look at a few of the biggest cloud mining services providers, starting with Genesis Mining. Are cloud mining companies actuallyPonzi schemes? Are they run by scammers who arent really mining and will one day disappear and take all of your investment with them? Even if it is a legitimate operation, will you ever make a profit, let alone break even? With cryptocurrency scams running rampant, its important to do as much research and due diligence as possible before investing your money. When most people think of cloud mining, for better or worse they think of Genesis Mining first. They advertise the most, they are talked about the most, and their affiliate program litters the web with three percent discount codes as far as the eye can see. This company has recently fallen on some very difficult times as they suffered a massive hack to one of their hot wallets, causing all customers payouts to freeze for more than a week for most users, and even longer still for others. Then, to make their relationship with their customers even more tenuous, the Bitcoin/Bitcoin Cash fork started, and they again froze all payouts for several days to a week. Following this, they then claimed to be suffering from bugs which are still affecting payouts. Prior to this, however, Genesis Mining was considered the gold standard of cloud mining. Users claimed that it was fair, transparent, trustworthy, just generally accepted by those interested in cloud mining. Genesis Mining shares pictures and videos of what they claim is one of their mining centers, and for many potential customers, this is enough proof Continue reading >>

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Be specific with your title. Posts with titles such as "Mining Advice" or "ASUS GTX1070?" will be removed. Please retitle. Asking about general ROI / "Is Mining Worth It?" posts will be removed unless it hasn't been asked in a while, generally a week or two, at the descretion of moderators. Same as #2 for asking general "What Should I Mine?" See sidebar for links, including profitability calculator(s). Novice troubleshooting questions should first consult the sidebar, notably the many guides and the EtherMining WIKI link first. If your question is easily answered there then your question will be removed. All troubleshooting questions must include your pertinent rig information, including but not limited to these 7 factors: GPU, mobo, PSU, OS, risers, mining software, overclocking specs. No selling of your used equipment is permitted. See Simple Questions Thread. Do not just post a list of components asking for suggestions. Do not just give a budget asking for suggestions. If you are promoting a certain website, coin, pool, etc and have affiliation with that product, please disclose it. You will otherwise be banned for supposed shilling at the descretion of moderators. Please do your own legwork before looking for handouts. We are a helpful community but are not the place for hand-holding new miners through every step of the process. See the multitude of intro guides for that. Similarly, simple questions belong in the "Simple Questions" monthly thread. As always, keep posts professional and civil. Extensive trolling, profanities and trash posts will not be tolerated. Continue reading >>

All Cloud Mining Is A Scam, No Matter What The Big Youtuber's Try To Tell You. : Cryptocurrency

All Cloud Mining Is A Scam, No Matter What The Big Youtuber's Try To Tell You. : Cryptocurrency

No pumping, shilling, or FUD (fear, uncertainty, doubt). Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. Do not solicit, complain about, or make predictions for votes. Do not incite or encourage illegal activities. Content promoting leaks, buying/selling drugs, tax evasion, etc will be removed. No malware, spyware, phishing, or pharming links. Do not post addresses or seek donations without pre-approval from the moderators. Pre-approval is granted in only the most extraordinary circumstances. High-quality submissions are encouraged. Baseless price speculation, shilling, repetitive posts et cetera are removed. "Recommend a coin" can be discussed on the daily thread. See our Expanded Rules wiki page for more details about this rule. Do not reveal personally identifying information(PII), otherwise known as doxxing yourself. Divulging how many coins you own can make you a target of hackers and identity thieves. Do not doxx other redditors even if they engaged in an illicit activity. Report them to the mods instead. Do not steal content, also known as scraping or plagiarizing. Submitting links to blogs or news sites which are notorious for this activity will result in suspension or permanent ban. Use this tool to help determine if content is stolen or not. Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. Exceptions will be made for analysis of political events and how they influence cryptocurrency. No clickbait. Titles cannot be misleading. They should accurately represent the content being linked. No low-effort content typically characterized by low character count, all caps, & banal wording. Example: "SELL SELL SELL!!!", "BUY!!", or "MOON!" See our Expanded Rules wiki page for Continue reading >>

Btc.com Pool, A Better Bitcoin Mining Pool

Btc.com Pool, A Better Bitcoin Mining Pool

Notice: For security reason, your earnings will be saved as balance for 48 hours. Your new address {{ newAddress }} We will send you a code to confirm this modification,how would you like to receive it? Text me via +{{userInfo.contact.phone.country }} {{userInfo.contact.phone.number}} Your new address {{ newAddress }} We have mailed you a code to confirm this modification We have texted you a code to confirm this modification Continue reading >>

Ethermining

Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Use of this site constitutes acceptance of our User Agreement and Privacy Policy . 2017 reddit inc. All rights reserved. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. Rendered by PID 113022 on app-239 at 2017-12-14 09:04:44.521872+00:00 running 23f3124 country code: US. Continue reading >>

Uphold - Wikipedia

Uphold - Wikipedia

This article contains content that is written like an advertisement . Please help improve it by removing promotional content and inappropriate external links , and by adding encyclopedic content written from a neutral point of view . Uphold (formerly Bitreserve) is a cloud-based digital money platform enabling users to buy, hold, convert and transact across 30+ currencies and commodities, including 8 cryptocurrencies. Uphold members can deposit funds to their account via bank account, credit card in addition to cryptocurrencies such as XRP , bitcoin , litecoin and ethereum into reserve-backed currencies and commodities allowing anyone with a device to send, receive, and exchange money and commodities. [1] Headquartered in Charleston, South Carolina , with offices in Larkspur, Braga, London, and Shanghai, Uphold allows users to convert bitcoin into "cloud money," [2] in 30+ currencies ( dollars , euros , yen , rupee and others) and 4 precious metals (Gold, Silver, Platinum, and Palladium). [3] The company also has an open API [4] and has stated interest in addressing the remittance market through partnerships with the retail outlet Elektra and the Salinas Group. [5] (Remittances from the US to Mexico alone ran to an estimated $22 billion last year, according to the World Bank.) [6] Though Uphold holds bitcoins as stable, real-world currency, Anthony Watson, the former CEO, has stated it is "not a bitcoin company. In terms of bitcoin's relevance to us, it is a means to an end." [7] Uphold (previously Bitreserve), [8] [9] founded by Halsey Minor in 2013, is a company born out of Minor's own difficult experience with finances and financial institutions in the past. [4] [10] Through his personal struggles he became aware of the importance of currency stability, and grew per Continue reading >>

Crypto News Crypto Signals

Crypto News Crypto Signals

Please read our Frequently Asked Questions (FAQ) by /u/BitcoinXio on March 1, 2017 at 4:33 pm This FAQ thread serves to inform both new and existing users about common Bitcoin issues, complaints, and comments that readers coming to this Bitcoin subreddit may have. This is a living and breathing document, which will change over time. If you have suggestions on how to change it, please comment below or message the mods. What is /r/btc? Bitcoin is commonly abbreviated as BTC, hence the name. The /r/btc reddit community was originally created as a community to discuss bitcoin. It quickly gained momentum in August 2015 when the bitcoin block size debate heightened. On the legacy /r/bitcoin subreddit it was discovered that moderators were heavily censoring discussions that were not inline with their own opinions. Once realized, the subreddit subscribers began to openly question the censorship which led to thousands of redditors being banned from the /r/bitcoin subreddit. A large number of redditors switched to other subreddits such as /r/bitcoin_uncensored and /r/btc. For a run-down on the history of censorship, please read A (brief and incomplete) history of censorship in /r/bitcoin by John Blocke and /r/Bitcoin Censorship, Revisted by John Blocke. Update October 2017: As yet another example, /r/bitcoin censored 5,683 posts and comments just in the month of September 2017 alone. This shows the sheer magnitude of censorship that is happening. Read a synopsis of /r/bitcoin to get the full story and a complete understanding of why people are so upset with /r/bitcoin's censorship. Why is censorship bad for Bitcoin? As demonstrated above, censorship has become prevalent in almost all of the major Bitcoin communication channels. The impacts of censorship in Bitcoin are very real. Continue reading >>

Cex.io 2017 Review - Why Reddit Users Are Complaining About This Bitcoin Exchange?

Cex.io 2017 Review - Why Reddit Users Are Complaining About This Bitcoin Exchange?

Last updated on November 3rd, 2017 at 11:55 am July 2017 Update: Recently Ive been noticing an increase of users complaining about CEX.io. I suggest reading the reviews Ive mentioned in this post and the comments in the comment section and judging for yourself. Ive had several people asking me to remove this review, however from my personal experience Ive never had an issues with the exchange. In any case, trade with caution. CEX.io is one of the oldest Bitcoin exchanges around. It started out in 2013 in London as a Bitcoin exchange and cloud mining provider . At some point itsmining pool, known as Ghash.io, was so big it held 42% of the total network mining power. However, on January2015 the cloud mining operations were closed and today CEX.io operates solely as a Bitcoin exchange. CEX.io is registered with FINCEN andIt applies KYC (know your customer) and AML (anti money laundering) policies. This means youll need to verify your identity before you will be able to buy Bitcoins via the exchange. CEX.io allows you to buy Bitcoins using your credit card, a wire transfer or a SEPA transfer (if you live in the EU). However CEX.io transactions work a bit different than other Bitcoin exchanges, they arebased on Fill-or-Kill orders (also known as FOK). FOK orders are orders that are executed immediately and in full. So whatever you agreed to pay or get, thats exactly what will happen. This is different than how other exchanges work where you may encounter liquidity issues. So for example, if you but 2 Bitcoins at an agreed rate on CEX.io you will definitely receive that amount, however if you but 2 Bitcoins on Bitstamp you will need to wait until someone whos willing to sell you those Bitcoins at your requested price comes along. However, for this to work 100% CEX.io has to Continue reading >>

Exclusive: Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered

Exclusive: Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered

Exclusive: Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, I suspect many [cloud mining companies] will turn out to be Ponzi schemes.There have been a few cloud mining scams uncovered over the past year or two, and it appears that another one could unravel in the near future. An anonymous source has provided information to Bitcoin Magazine regarding the possibility of a Bitcoin cloud mining ponzi scheme involving Bitcoin Cloud Services (BCS), which is currently one of the largest cloud-mining providers on the market. Founded by a known scammer with Photoshop One of the common attributes of a Ponzi scheme in the Bitcoin world is a reliance on anonymous owners. BTC Cloud Services LTD is registered to Gabriel Kleiman and Esteban Amador Soto Martinez.While the first name does not bring up any identifying information online, the second name is associated with another bitcoin-related scam , bitcoincloudhashing.com. This information is available publicly on the bitcointalk forums thanks to Puppets Cloudmining 101 thread , but it hasn't stopped an estimated 4,300 users from signing up at Bitcoin Cloud Services. BCS also claims to be a silver member of the Bitcoin Foundation on their website, even though the foundation recently dropped the cloud mining company as a sponsor. Further, the pictures of a supposed mining facility on the Bitcoin Cloud Services websitecontain no information about the mining facility or its owners besides a single banner hanging in the background.Compare to thephoto below from Genesis Mining showing CEO Marco Streng in one of the company's mining farms. Editor's Note: This photo of Genesis Mining CEO Continue reading >>

Crypto Mining Blog - All About Btc, Ltc, Eth Mining As Well As Other Alternative Crypto Currencies

Crypto Mining Blog - All About Btc, Ltc, Eth Mining As Well As Other Alternative Crypto Currencies

All About BTC, LTC, ETH mining as well as other alternative crypto currencies We have already talked about the new Brave browser and their Basic Attention Token (BAT) as a means to offer users an alternative to browse the web faster, safer and also to be able to support their favorite websites or Youtube video with regular crypto currency donations (coins or tokens). Well, if you still have not tried the Brave browser now you have a good reason to give it a try as you can get 30 BAT tokens for free if you do (a little over $6 USD value) to use to support your favorite online publications. Do note that this is a limited promotion as Brave will grant 300,000 promotional tokens to browser users, so make sure you get yours before they run out. The promotion rules state that Brave browser users will receive promotional Basic Attention Tokens (BAT), which must be used within 90 days, via their Brave wallets after they opt into the offering or they will be lost. You need to download and use or update to use the latest desktop browser release (0.19.105) to receive the promotional BAT offer right after you activate the Brave Payments feature of the browser. The tokens will be released from the User Growth Pool (UGP), which was created during the sale of the utility tokens in May 2017. The UGP consists of 300 million tokens set aside to incentivize users to join the Brave platform. This initial promotion has a cap of 300,000 tokens and it will be distributed to current and new Brave users over the next 30 days or until the cap is reached. This promotion is a one-time grant of BAT available for: Users who have not installed Brave, but download it during the promotion; Users who browse with Brave, but have not yet enabled Brave Payments; Users who have enabled Brave Payments, but Continue reading >>

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