Dogecoin Price Chart and Exchange Rate History Chart

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

What is a hard fork?

Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get.
What’s the difference between a hard- and a soft fork?
Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network.
After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project.
Bitcoin Cash
In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash.
Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to btc [link] [comments]

What is a hard fork?

Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get.
What’s the difference between a hard- and a soft fork?
Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network.
After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project.
Bitcoin Cash
In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash.
Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CoinBase [link] [comments]

Subreddit Stats: CryptoCurrency top posts from 2018-12-29 to 2019-12-28 21:31 PDT

Period: 364.36 days
Submissions Comments
Total 1000 166290
Rate (per day) 2.74 453.02
Unique Redditors 660 27058
Combined Score 792038 1162121

Top Submitters' Top Submissions

  1. 26553 points, 23 submissions: Kashpantz
    1. When you are a known scammer in the crypto space and get called out by one of your investors. Exciting times indeed. (2573 points, 239 comments)
    2. The Gloves Are Off. Ripple laying into J.P Morgan As They Enter The Crypto Space. (2087 points, 556 comments)
    3. The Scam That Is Volitility & Fees (2076 points, 322 comments)
    4. Pretty much this sums it up for crypto and politics. (1836 points, 118 comments)
    5. Don't look at ATHs, the story starts when you look at ATLs. (1777 points, 223 comments)
    6. Is this unjust? Where a bank can shut you down for investing in the cannabis industry even if it's legal in your country or state? A perfect use case for crypto where it is borderless and censorship resistant. No longer the banks are the gatekeepers of our own money. (1656 points, 280 comments)
    7. Some Simple Tips to Avoid Traps in the Crypto Sphere. (1565 points, 251 comments)
    8. Complaining about a bear market will get you nowhere. Step back and always look at the bigger picture of what is being built. Good tech takes time. (1470 points, 281 comments)
    9. What kind of money do you want? Permissioned or Controlled? We still have time to decide. (1405 points, 310 comments)
    10. Network Values. Who has raised the most are often not the most important. What's the point of all of this? (1241 points, 218 comments)
  2. 17706 points, 3 submissions: mtimetraveller
    1. The true power of Bitcoin 🔥 (14644 points, 1280 comments)
    2. Microsoft Excel recognizes Bitcoin as a currency (2627 points, 164 comments)
    3. Anthony Pompliano is calling on all #cryptocurrency exchanges to delete #BitcoinSV on May 1, 2019, as a repudiation of the claims of #CraigWright and Calvin Ayre that #BSV is the “real Bitcoin.” (435 points, 130 comments)
  3. 11600 points, 13 submissions: coinsmash1
    1. Andrew Yang wants to Employ Blockchain in voting. "It’s ridiculous that in 2020 we are still standing in line for hours to vote in antiquated voting booths. It is 100% technically possible to have fraud-proof voting on our mobile phone" (4351 points, 586 comments)
    2. Bitcoin vs Gold - $180 billion vs ~$7 trillion market cap... (1551 points, 285 comments)
    3. Number of confirmed Bitcoin transactions per day hits highest level since last bull run (1132 points, 270 comments)
    4. Litecoin hits $125 as mining hash rate reaches new all-time high (983 points, 325 comments)
    5. Bitcoin at $8,000 (759 points, 172 comments)
    6. Just checking I got this; you can now cryptographically audit the ‘locked’ holdings of $600 million worth of BTC, ETH and Dai—and it looks like this has been in a bull market since Oct 2017... (512 points, 58 comments)
    7. $100 million in Liquidations over the last 6 hours ($60m Shorts vs 40m Longs) (485 points, 150 comments)
    8. 2020 presidential candidate Andrew Yang talks Bitcoin and Blockchain (432 points, 269 comments)
    9. $79 million worth of shorts liquidated 🥺 (349 points, 58 comments)
    10. Ouch, $28 mil of shorts just got squeezed into liquidation (313 points, 64 comments)
  4. 9313 points, 1 submission: flafel
    1. Ladies and gentlemen, $10,000 = 1 Bitcoin once again. (9313 points, 612 comments)
  5. 8750 points, 6 submissions: 1Lost_King1
    1. This is just priceless! (3989 points, 299 comments)
    2. We'll he is kind right! (1977 points, 202 comments)
    3. Yellow vests, Paris! (1202 points, 80 comments)
    4. Coinbase now has more than 30 million users! (909 points, 132 comments)
    5. Crypto is the way! (364 points, 59 comments)
    6. Strong words! (309 points, 81 comments)
  6. 8063 points, 8 submissions: jam-hay
    1. Facebook unveils ‘its most invasive and dangerous form of surveillance yet’ with launch of Libra cryptocurrency (2684 points, 369 comments)
    2. Apple CEO Tim Cook slams Facebook’s Libra cryptocurrency as a power grab (1209 points, 145 comments)
    3. Truth be told, this isnt the best entry point for no-coiners new to the sub to start buying into crypto for the first time so please exercise caution. (1134 points, 268 comments)
    4. President Xi Says China Should ‘Seize Opportunity’ to Adopt Blockchain (1115 points, 206 comments)
    5. Booking.com becomes latest firm to drop out of Facebook's Libra cryptocurrency (874 points, 82 comments)
    6. Tomorrow it will be a DECADE since Satoshi created the genesis block and Bitcoin will be 10 years old! (574 points, 55 comments)
    7. This classic from former IMF, World Bank & Federal Reserve Economist that predicted the financial crisis of 2008 (244 points, 69 comments)
    8. Facebooks Libra runs into immediate opposition in Europe (229 points, 92 comments)
  7. 7547 points, 5 submissions: hodlorcrypt
    1. Hope you guys have better plans for this evening than this (2952 points, 182 comments)
    2. Someone doesn't belong here... (1657 points, 321 comments)
    3. How it feels sometimes when reading the /CryptoCurrency Daily Discussion (1559 points, 297 comments)
    4. Happy Friday everyone. Hope you all have a green weekend! (1094 points, 98 comments)
    5. A lighthearted reminder not to spend more than you can afford (285 points, 41 comments)
  8. 7112 points, 7 submissions: Fly115
    1. Elon Musk tweets 'Ethereum' (2908 points, 459 comments)
    2. Don't get poor slowly (1861 points, 302 comments)
    3. I made a Cryptocurrency tracking spreadsheet complete with live crypto price updates, moon math, and a full history of your Portfolio and trading performance (Updated). (1151 points, 133 comments)
    4. Jordan Peterson tweets - "Time magazine praises Bitcoin as a potential bastion of freedom" (468 points, 383 comments)
    5. Elon Musk: Dogecoin rulz (256 points, 26 comments)
    6. A single Bitcoin Cash address is responsible for nearly 50 percent of the networks transactions in the past month. (250 points, 87 comments)
    7. Trade volume on Bakkt is at new highs. (218 points, 87 comments)
  9. 6814 points, 1 submission: dinono33
    1. This is why adoption and the US is so behind when it comes to Bitcoin and Cryptocurrency. Have a look at this shocking video from Congress. (6814 points, 720 comments)
  10. 6770 points, 1 submission: YoJoee
    1. Sarah nailed it. (6770 points, 397 comments)

Top Commenters

  1. Toyake (10153 points, 709 comments)
  2. throwawayLouisa (7600 points, 1241 comments)
  3. martinkarolev (5838 points, 106 comments)
  4. bortkasta (5216 points, 640 comments)
  5. Qwahzi (4961 points, 476 comments)
  6. bLbGoldeN (4535 points, 426 comments)
  7. hungryforitalianfood (4148 points, 334 comments)
  8. Trident1000 (3469 points, 309 comments)
  9. 500239 (3372 points, 606 comments)
  10. UpDown (3118 points, 346 comments)

Top Submissions

  1. The true power of Bitcoin 🔥 by mtimetraveller (14644 points, 1280 comments)
  2. Ladies and gentlemen, $10,000 = 1 Bitcoin once again. by flafel (9313 points, 612 comments)
  3. This is why adoption and the US is so behind when it comes to Bitcoin and Cryptocurrency. Have a look at this shocking video from Congress. by dinono33 (6814 points, 720 comments)
  4. Sarah nailed it. by YoJoee (6770 points, 397 comments)
  5. Trump: “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” by Tmfallon (6285 points, 1648 comments)
  6. How I successfully converted $1200 into $340 with crypto! by warnakey (5012 points, 582 comments)
  7. Andrew Yang wants to Employ Blockchain in voting. "It’s ridiculous that in 2020 we are still standing in line for hours to vote in antiquated voting booths. It is 100% technically possible to have fraud-proof voting on our mobile phone" by coinsmash1 (4351 points, 586 comments)
  8. The inevitable by AceOrigins (4342 points, 364 comments)
  9. Over last 3 years, Wells Fargo bank got caught. Paid gov’t $2.7 billion in total fines, penalties for ripoffs. Yet bank’s profit over same 3 years = $ 60 billion. Total fines, penalties = 4.7% of profits. Trivial. No wonder banks keep ripping us off. by skythe4 (4245 points, 215 comments)
  10. $12,000 by Phitzdisco666 (4173 points, 641 comments)

Top Comments

  1. 2212 points: absoluteknave's comment in Wife of Norwegian billionaire kidnapped – Ransom to be paid in monero ($10.3 million)
  2. 1668 points: thekiyote's comment in When BTC reached $8k in 2017, it reached $18k within 20 days
  3. 1655 points: Metalgear_ray's comment in BTC Dump: Pure Whale Manipulation
  4. 1460 points: flunky_the_majestic's comment in Isn't it scary? What do you think of this?
  5. 1272 points: Jobsternz's comment in How I successfully converted $1200 into $340 with crypto!
  6. 1204 points: CarpetThorb's comment in 99% of you won't hold through the entirety of the next bull run
  7. 1068 points: Brunswickstreet's comment in Justin Sun Not Giving the Tesla to The Winner they Announced First
  8. 1024 points: Lard_of_Dorkness's comment in Elon Musk tweets 'Ethereum'
  9. 1023 points: martinkarolev's comment in Still in its adolescence ...
  10. 957 points: willzyx01's comment in 99% of you won't hold through the entirety of the next bull run
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

What is a hard fork?

Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get.
What’s the difference between a hard- and a soft fork?
Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network.
After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project.
Bitcoin Cash
In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash.
Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CryptoCurrencies [link] [comments]

Bitcoin mining is a bit more than just number crunching

The charming cryptocurrency and the many ideas that surface in the minds of the observers typically surround couple of apparent concerns - how does it enter being and what about its flow? The response, nevertheless, is uncomplicated. Bitcoins need to be mined, in order to make the cryptocurrency exist in the Bitcoin market. The mystical developer of Bitcoin, Satoshi Nakamoto, imagined a method to exchange the important cryptocurrencies online, by getting rid of the need for any central organization. For Bitcoins, there's an alternative method to hold the essential records of the deal history of the whole blood circulation, and all this is handled through a decentralized way.
The journal that helps with the procedure is called the "blockchain". The essence of this journal may need lots of newsprint for appearing frequently at all popular Bitcoin news. Blockchain broadens every minute, existing on the makers associated with the big Bitcoin network. Individuals might question the credibility, even credibility, of these deals and their recordings into Blockchain. This too is nevertheless warranted, through the procedure of Bitcoin mining. Mining allows production of brand-new Bitcoin and assembling deals to the journal. Mining basically involves fixing of complex mathematical estimations, and the miners utilize enormous computing power to resolve it. The private or 'swimming pool' that resolves the puzzle, positions the subsequent block and wins a benefit too. And, how mining can prevent double-spending? Practically every 10 minutes, impressive deals are mined into a block. So, any disparity or illegitimacy is entirely dismissed.
For Bitcoins, mining is not mentioned in a conventional sense of the term. Bitcoins are mined by using cryptography. A hash function described as "double SHA-256" is used. However how tough is it to mine Bitcoins? This can be another inquiry. This depends a lot on the effort and computing power being used into mining. Another element worth pointing out is the software application procedure. For each 2016 blocks, problem involved in mining of Bitcoins is changed by itself just to keep the procedure. In turn, the rate of block generation is kept constant. A Bitcoin problem chart is an ideal procedure to show the mining trouble in time. The trouble level changes itself to increase or down in a straight proportional way, depending upon the computational power, whether it's being sustained or removed. As the variety of miners increase, portion of revenues been worthy of by the individuals decrease, everybody winds up with smaller sized pieces of the revenues.
Having private economies and neighborhoods, cryptocurrencies like Dogecoin, Namecoin or Peercoin, are called Altcoins. You can easily track your different cryptocurrency by using reputable portfolio trackers.These are options to Bitcoin. Practically like Bitcoins, these 'cousins' do have a substantial fan-following and enthusiasts who are eager to take a deep plunge into the big ocean and start to mine it. Algorithms used for Altcoin mining are either SHA-256 or Scrypt. Numerous other ingenious algorithms exist too. Alleviate, price and simpleness can render it possible to mine Altcoins on a PC or by using unique mining software application. Altcoins are a bit 'down to earth' compared to Bitcoins, yet changing them into huge dollars is a little challenging. Cryptocurrency enthusiasts can simply hope, if a few of them might witness the comparable huge popularity!
submitted by Katherine4512 to BitcoinBasic [link] [comments]

What is a hard fork?

Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get.
What’s the difference between a hard- and a soft fork?
Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network.
After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project.
Bitcoin Cash
In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash.
Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to bitcoin_uncensored [link] [comments]

What is a hard fork?

Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get.
What’s the difference between a hard- and a soft fork?
Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network.
After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project.
Bitcoin Cash
In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash.
Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CryptoNews [link] [comments]

What is a hard fork?

Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get.
What’s the difference between a hard- and a soft fork?
Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network.
After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project.
Bitcoin Cash
In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash.
Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/ Why is SwapSpace https://blog.swapspace.co/2019/09/17/why-is-swapspace/
submitted by SwapSpace_co to CoinTelegraph [link] [comments]

CRYPTOCURRENCY BITCOIN

CRYPTOCURRENCY BITCOIN
Bitcoin Table of contents expand: 1. What is Bitcoin? 2. Understanding Bitcoin 3. How Bitcoin Works 4. What's a Bitcoin Worth? 5. How Bitcoin Began 6. Who Invented Bitcoin? 7. Before Satoshi 8. Why Is Satoshi Anonymous? 9. The Suspects 10. Can Satoshi's Identity Be Proven? 11. Receiving Bitcoins As Payment 12. Working For Bitcoins 13. Bitcoin From Interest Payments 14. Bitcoins From Gambling 15. Investing in Bitcoins 16. Risks of Bitcoin Investing 17. Bitcoin Regulatory Risk 18. Security Risk of Bitcoins 19. Insurance Risk 20. Risk of Bitcoin Fraud 21. Market Risk 22. Bitcoin's Tax Risk What is Bitcoin?
Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity is yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.
Understanding Bitcoin Bitcoin is a type of cryptocurrency: Balances are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret and only used to authorize Bitcoin transmissions. Style notes: According to the official Bitcoin Foundation, the word "Bitcoin" is capitalized in the context of referring to the entity or concept, whereas "bitcoin" is written in the lower case when referring to a quantity of the currency (e.g. "I traded 20 bitcoin") or the units themselves. The plural form can be either "bitcoin" or "bitcoins."
How Bitcoin Works Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, also known as "miners," are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places. Bitcoin mining is the process through which bitcoins are released to come into circulation. Basically, it involves solving a computationally difficult puzzle to discover a new block, which is added to the blockchain and receiving a reward in the form of a few bitcoins. The block reward was 50 new bitcoins in 2009; it decreases every four years. As more and more bitcoins are created, the difficulty of the mining process – that is, the amount of computing power involved – increases. The mining difficulty began at 1.0 with Bitcoin's debut back in 2009; at the end of the year, it was only 1.18. As of February 2019, the mining difficulty is over 6.06 billion. Once, an ordinary desktop computer sufficed for the mining process; now, to combat the difficulty level, miners must use faster hardware like Application-Specific Integrated Circuits (ASIC), more advanced processing units like Graphic Processing Units (GPUs), etc.
What's a Bitcoin Worth? In 2017 alone, the price of Bitcoin rose from a little under $1,000 at the beginning of the year to close to $19,000, ending the year more than 1,400% higher. Bitcoin's price is also quite dependent on the size of its mining network since the larger the network is, the more difficult – and thus more costly – it is to produce new bitcoins. As a result, the price of bitcoin has to increase as its cost of production also rises. The Bitcoin mining network's aggregate power has more than tripled over the past twelve months.
How Bitcoin Began
Aug. 18, 2008: The domain name bitcoin.org is registered. Today, at least, this domain is "WhoisGuard Protected," meaning the identity of the person who registered it is not public information.
Oct. 31, 2008: Someone using the name Satoshi Nakamoto makes an announcement on The Cryptography Mailing list at metzdowd.com: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. The paper is available at http://www.bitcoin.org/bitcoin.pdf." This link leads to the now-famous white paper published on bitcoin.org entitled "Bitcoin: A Peer-to-Peer Electronic Cash System." This paper would become the Magna Carta for how Bitcoin operates today.
Jan. 3, 2009: The first Bitcoin block is mined, Block 0. This is also known as the "genesis block" and contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," perhaps as proof that the block was mined on or after that date, and perhaps also as relevant political commentary.
Jan. 8, 2009: The first version of the Bitcoin software is announced on The Cryptography Mailing list.
Jan. 9, 2009: Block 1 is mined, and Bitcoin mining commences in earnest.
Who Invented Bitcoin?
No one knows. Not conclusively, at any rate. Satoshi Nakamoto is the name associated with the person or group of people who released the original Bitcoin white paper in 2008 and worked on the original Bitcoin software that was released in 2009. The Bitcoin protocol requires users to enter a birthday upon signup, and we know that an individual named Satoshi Nakamoto registered and put down April 5 as a birth date. And that's about it.
Before Satoshi
Though it is tempting to believe the media's spin that Satoshi Nakamoto is a solitary, quixotic genius who created Bitcoin out of thin air, such innovations do not happen in a vacuum. All major scientific discoveries, no matter how original-seeming, were built on previously existing research. There are precursors to Bitcoin: Adam Back’s Hashcash, invented in 1997, and subsequently Wei Dai’s b-money, Nick Szabo’s bit gold and Hal Finney’s Reusable Proof of Work. The Bitcoin white paper itself cites Hashcash and b-money, as well as various other works spanning several research fields.
Why Is Satoshi Anonymous?
There are two primary motivations for keeping Bitcoin's inventor keeping his or her or their identity secret. One is privacy. As Bitcoin has gained in popularity – becoming something of a worldwide phenomenon – Satoshi Nakamoto would likely garner a lot of attention from the media and from governments.
The other reason is safety. Looking at 2009 alone, 32,489 blocks were mined; at the then-reward rate of 50 BTC per block, the total payout in 2009 was 1,624,500 BTC, which at today’s prices is over $900 million. One may conclude that only Satoshi and perhaps a few other people were mining through 2009 and that they possess a majority of that $900 million worth of BTC. Someone in possession of that much BTC could become a target of criminals, especially since bitcoins are less like stocks and more like cash, where the private keys needed to authorize spending could be printed out and literally kept under a mattress. While it's likely the inventor of Bitcoin would take precautions to make any extortion-induced transfers traceable, remaining anonymous is a good way for Satoshi to limit exposure.
The Suspects
Numerous people have been suggested as possible Satoshi Nakamoto by major media outlets. Oct. 10, 2011, The New Yorker published an article speculating that Nakamoto might be Irish cryptography student Michael Clear or economic sociologist Vili Lehdonvirta. A day later, Fast Company suggested that Nakamoto could be a group of three people – Neal King, Vladimir Oksman and Charles Bry – who together appear on a patent related to secure communications that were filed two months before bitcoin.org was registered. A Vice article published in May 2013 added more suspects to the list, including Gavin Andresen, the Bitcoin project’s lead developer; Jed McCaleb, co-founder of now-defunct Bitcoin exchange Mt. Gox; and famed Japanese mathematician Shinichi Mochizuki.
In December 2013, Techcrunch published an interview with researcher Skye Grey who claimed textual analysis of published writings shows a link between Satoshi and bit-gold creator Nick Szabo. And perhaps most famously, in March 2014, Newsweek ran a cover article claiming that Satoshi is actually an individual named Satoshi Nakamoto – a 64-year-old Japanese-American engineer living in California. The list of suspects is long, and all the individuals deny being Satoshi.
Can Satoshi's Identity Be Proven?
It would seem even early collaborators on the project don’t have verifiable proof of Satoshi’s identity. To reveal conclusively who Satoshi Nakamoto is, a definitive link would need to be made between his/her activity with Bitcoin and his/her identity. That could come in the form of linking the party behind the domain registration of bitcoin.org, email and forum accounts used by Satoshi Nakamoto, or ownership of some portion of the earliest mined bitcoins. Even though the bitcoins Satoshi likely possesses are traceable on the blockchain, it seems he/she has yet to cash them out in a way that reveals his/her identity. If Satoshi were to move his/her bitcoins to an exchange today, this might attract attention, but it seems unlikely that a well-funded and successful exchange would betray a customer's privacy.
Receiving Bitcoins As Payment
Bitcoins can be accepted as a means of payment for products sold or services provided. If you have a brick and mortar store, just display a sign saying “Bitcoin Accepted Here” and many of your customers may well take you up on it; the transactions can be handled with the requisite hardware terminal or wallet address through QR codes and touch screen apps. An online business can easily accept bitcoins by just adding this payment option to the others it offers, like credit cards, PayPal, etc. Online payments will require a Bitcoin merchant tool (an external processor like Coinbase or BitPay).
Working For Bitcoins
Those who are self-employed can get paid for a job in bitcoins. There are several websites/job boards which are dedicated to the digital currency:
Work For Bitcoin brings together work seekers and prospective employers through its websiteCoinality features jobs – freelance, part-time and full-time – that offer payment in bitcoins, as well as Dogecoin and LitecoinJobs4Bitcoins, part of reddit.comBitGigs
Bitcoin From Interest Payments
Another interesting way (literally) to earn bitcoins is by lending them out and being repaid in the currency. Lending can take three forms – direct lending to someone you know; through a website which facilitates peer-to-peer transactions, pairing borrowers and lenders; or depositing bitcoins in a virtual bank that offers a certain interest rate for Bitcoin accounts. Some such sites are Bitbond, BitLendingClub, and BTCjam. Obviously, you should do due diligence on any third-party site.
Bitcoins From Gambling
It’s possible to play at casinos that cater to Bitcoin aficionados, with options like online lotteries, jackpots, spread betting, and other games. Of course, the pros and cons and risks that apply to any sort of gambling and betting endeavors are in force here too.
Investing in Bitcoins
There are many Bitcoin supporters who believe that digital currency is the future. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. Although it is not itself any backed by any government or central bank, bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders interested in currency plays. Indeed, one of the primary reasons for the growth of digital currencies like Bitcoin is that they can act as an alternative to national fiat money and traditional commodities like gold.
In March 2014, the IRS stated that all virtual currencies, including bitcoins, would be taxed as property rather than currency. Gains or losses from bitcoins held as capital will be realized as capital gains or losses, while bitcoins held as inventory will incur ordinary gains or losses.
Like any other asset, the principle of buying low and selling high applies to bitcoins. The most popular way of amassing the currency is through buying on a Bitcoin exchange, but there are many other ways to earn and own bitcoins. Here are a few options which Bitcoin enthusiasts can explore.
Risks of Bitcoin Investing
Though Bitcoin was not designed as a normal equity investment (no shares have been issued), some speculative investors were drawn to the digital money after it appreciated rapidly in May 2011 and again in November 2013. Thus, many people purchase bitcoin for its investment value rather than as a medium of exchange.
However, their lack of guaranteed value and digital nature means the purchase and use of bitcoins carries several inherent risks. Many investor alerts have been issued by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Consumer Financial Protection Bureau (CFPB), and other agencies.
The concept of a virtual currency is still novel and, compared to traditional investments, Bitcoin doesn't have much of a long-term track record or history of credibility to back it. With their increasing use, bitcoins are becoming less experimental every day, of course; still, after eight years, they (like all digital currencies) remain in a development phase, still evolving. "It is pretty much the highest-risk, highest-return investment that you can possibly make,” says Barry Silbert, CEO of Digital Currency Group, which builds and invests in Bitcoin and blockchain companies.
Bitcoin Regulatory Risk
Investing money into Bitcoin in any of its many guises is not for the risk-averse. Bitcoins are a rival to government currency and may be used for black market transactions, money laundering, illegal activities or tax evasion. As a result, governments may seek to regulate, restrict or ban the use and sale of bitcoins, and some already have. Others are coming up with various rules. For example, in 2015, the New York State Department of Financial Services finalized regulations that would require companies dealing with the buy, sell, transfer or storage of bitcoins to record the identity of customers, have a compliance officer and maintain capital reserves. The transactions worth $10,000 or more will have to be recorded and reported.
Although more agencies will follow suit, issuing rules and guidelines, the lack of uniform regulations about bitcoins (and other virtual currency) raises questions over their longevity, liquidity, and universality.
Security Risk of Bitcoins
Bitcoin exchanges are entirely digital and, as with any virtual system, are at risk from hackers, malware and operational glitches. If a thief gains access to a Bitcoin owner's computer hard drive and steals his private encryption key, he could transfer the stolen Bitcoins to another account. (Users can prevent this only if bitcoins are stored on a computer which is not connected to the internet, or else by choosing to use a paper wallet – printing out the Bitcoin private keys and addresses, and not keeping them on a computer at all.) Hackers can also target Bitcoin exchanges, gaining access to thousands of accounts and digital wallets where bitcoins are stored. One especially notorious hacking incident took place in 2014, when Mt. Gox, a Bitcoin exchange in Japan, was forced to close down after millions of dollars worth of bitcoins were stolen.
This is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.
Insurance Risk
Some investments are insured through the Securities Investor Protection Corporation. Normal bank accounts are insured through the Federal Deposit Insurance Corporation (FDIC) up to a certain amount depending on the jurisdiction. Bitcoin exchanges and Bitcoin accounts are not insured by any type of federal or government program.
Risk of Bitcoin Fraud
While Bitcoin uses private key encryption to verify owners and register transactions, fraudsters and scammers may attempt to sell false bitcoins. For instance, in July 2013, the SEC brought legal action against an operator of a Bitcoin-related Ponzi scheme.
Market Risk
Like with any investment, Bitcoin values can fluctuate. Indeed, the value of the currency has seen wild swings in price over its short existence. Subject to high volume buying and selling on exchanges, it has a high sensitivity to “news." According to the CFPB, the price of bitcoins fell by 61% in a single day in 2013, while the one-day price drop in 2014 has been as big as 80%.
If fewer people begin to accept Bitcoin as a currency, these digital units may lose value and could become worthless. There is already plenty of competition, and though Bitcoin has a huge lead over the other 100-odd digital currencies that have sprung up, thanks to its brand recognition and venture capital money, a technological break-through in the form of a better virtual coin is always a threat.
Bitcoin's Tax Risk
As bitcoin is ineligible to be included in any tax-advantaged retirement accounts, there are no good, legal options to shield investments from taxation.
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Related Terms
Satoshi
The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in block chains and the bitcoin cryptocurrency.
Chartalism Chartalism is a non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Satoshi Nakamoto The name used by the unknown creator of the protocol used in the bitcoin cryptocurrency. Satoshi Nakamoto is closely-associated with blockchain technology.
Bitcoin Mining, Explained Breaking down everything you need to know about Bitcoin Mining, from Blockchain and Block Rewards to Proof-of-Work and Mining Pools.
Understanding Bitcoin Unlimited Bitcoin Unlimited is a proposed upgrade to Bitcoin Core that allows larger block sizes. The upgrade is designed to improve transaction speed through scale.
Blockchain Explained
A guide to help you understand what blockchain is and how it can be used by industries. You've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger." But blockchain is easier to understand than it sounds.
Top 6 Books to Learn About Bitcoin About UsAdvertiseContactPrivacy PolicyTerms of UseCareers Investopedia is part of the Dotdash publishing family.The Balance Lifewire TripSavvy The Spruceand more
By Satoshi Nakamoto
Read it once, go read other crypto stuff, read it again… keep doing this until the whole document makes sense. It’ll take a while, but you’ll get there. This is the original whitepaper introducing and explaining Bitcoin, and there’s really nothing better out there to understand on the subject.
“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party

submitted by adrian_morrison to BlockchainNews [link] [comments]

Burstcoin: A Diamond In The Rough That Will Prosper Long Term

Burstcoin: A Diamond In The Rough That Will Prosper Long Term

https://preview.redd.it/jbn4w5oaut021.png?width=1380&format=png&auto=webp&s=05048e92518ac6c2ba88cb0a4a91165528671104
http://genesisblocknews.com/burstcoin-a-diamond-in-the-rough-that-will-prosper-long-term/
There are currently 2,074 cryptocurrencies on CoinMarketCap, most of which are copycats, driven by pure ICO greed, or just shitcoins in general. As the napalm of SEC enforcement and investor capitulation burns through the crypto space, most of the cryptocurrencies listed on CoinMarketCap will probably be decimated and relegated to the history books. Burstcoin (BURST) sits way back at #223 on CoinMarketCap, with its market cap near USD 10 million, but it is a diamond in the rough. BURST is truly decentralized, launched with zero ICO nor premine, and uses the unique Proof of Capacity mining algorithm. Therefore, GenesisBlockNews believes BURST will easily survive this ongoing crypto armageddon, and will prosper long term.
I first wrote about BURST for BitcoinNews, when I interviewed Burstcoin developer Daniel Jones. You can listen to the interview with Daniel about Burstcoin at this link. At that time BURST was at #248 on CoinMarketCap, and that was during the stable period before this nuclear bear market started. BURST has crawled 25 places up the CoinMarketCap ranks since then, during the worst crypto market conditions in recent memory, showing its grit. This is due to the merits of BURST.
BURST uses Proof of Capacity mining, where mining is done with hard drives instead of raw computational power like with Proof of Work. A 1-time hashing cycle is done, which is called plotting, which fills the hard drive with a tremendous amount of cryptographic hashes and proves the capacity of the hard drive. This plot is read during mining to find the correct cryptographic hash, and whoever finds the answer the quickest in their plot gets the block reward. More hard drive space equals more answers, and therefore more hard drive space increases BURST profits when mining. On average every 4 minutes a block is found, and the block reward is around 750 and decreasing at the rate of 5% per month. The block reward started at 10,000 when BURST launched in 2014, and when mining is done there will be 2.158 billion BURST total.
Proof of Capacity mining uses practically no electricity, making BURST one of the only profitable cryptocurrencies to mine on personal computers. Even if BURST mining only earns about 1-2 BURST per day on a 1 TB hard drive, that is pure profit, versus mining Bitcoin, Litecoin, or Dogecoin, where energy expenses far outweigh mining revenue when using a personal computer.
Since any computer can mine BURST, as long as it has hard drive space, the BURST network is highly decentralized. Currently there is an astonishing 300,000 TB, which is 300 PB, securing the BURST network. That’s equivalent to the hard drive space of hundreds of thousands of personal computers.
Beyond the merits of being decentralized, having a unique algorithm, being profitable for mining and easy to use on personal computers, and having zero premine, the BURST development community is comprised of some of the best blockchain developers. BURST has direct on-chain storage via Cloudburst, which has the ability to immutably store files. As long as BURST exists, files stored with Cloudburst will never be deleted. BURST has built-in smart contract technology that can be used to launch any sort of dApp that one can imagine, and an exchange integrated into the BURST wallet to launch and trade crypto assets. Also, BURST seems to have solved the cryptocurrency scalability problem with The Dymaxion, which is layers of tangle-based Lightning Networks. This allows for infinite transactions at zero fees, while using practically zero energy.
GenesisBlockNews believes BURST will emerge as a survivor no matter how many cryptocurrencies crash and burn during this nuclear bear market. Due to its merits and attributes, BURST is in a strong position to become a major cryptocurrency in the long term, and seems to be ridiculously under priced at the current value of half a cent per BURST.
submitted by turtlecane to burstcoin [link] [comments]

AN INTRODUCTION TO DIGIBYTE

DigiByte

What are cryptocurrencies?
Cryptocurrencies are peer to peer technology protocols which rely on the block-chain; a system of decentralized record keeping which allows people to exchange unmodifiable and indestructible information “coins,” globally in little to no time with little to no fees – this translates into the exchange of value as these coins cannot be counterfeit nor stolen. This concept was started by Satoshi Nakamoto (allegedly a pseudonym for a single man or organization) whom described and coded Bitcoin in 2009.
What is DigiByte?
DigiByte (DGB) is a cryptocurrency like Bitcoin. It is also a decentralized applications protocol in a similar fashion to Neo or Ethereum.
DigiByte was founded and created by Jared Tate in 2014. DigiByte allows for fast (virtually instant) and low cost (virtually free) transactions. DigiByte is hard capped at 21 billion coins which will ever be mined, over a period of 21 years. DigiByte was never an ICO and was mined/created in the same way that Bitcoin or Litecoin initially were.
DigiByte is the fastest UTXO PoW scalable block-chain in the world. We’ll cover what this really means down below.
DigiByte has put forth and applied solutions to many of the problems that have plagued Bitcoin and cryptocurrencies in general – those being:
We will address these point by point in the subsequent sections.
The DigiByte Protocol
DigiByte maintains these properties through use of various technological innovations which we will briefly address below.
Why so many coins? 21 Billion
When initially conceived Bitcoin was the first of a kind! And came into the hands of a few! The beginnings of a coin such as Bitcoin were difficult, it had to go through a lot of initial growth pains which following coins did not have to face. It is for this reason among others why I believe Bitcoin was capped at 21 million; and why today it has thus secured a place as digital gold.
When Bitcoin was first invented no one knew anything about cryptocurrencies, for the inventor to get them out to the public he would have to give them away. This is how the first Bitcoins were probably passed on, for free! But then as interest grew so did the community. For them to be able to build something and create something which could go on to have actual value, it would have to go through a steady growth phase. Therefore, the control of inflation through mining was extremely important. Also, why the cap for Bitcoin was probably set so low - to allow these coins to amass value without being destroyed by inflation (from mining) in the same way fiat is today! In my mind Satoshi Nakamoto knew what he was doing when setting it at 21 million BTC and must have known and even anticipated others would take his design and build on top of it.
At DigiByte, we are that better design and capped at 21 billion. That's 1000 times larger than the supply of Bitcoin. Why though? Why is the cap on DigiByte so much higher than that of Bitcoin? Because DigiByte was conceived to be used not as a digital gold, nor as any sort of commodity, but as a real currency!
Today on planet Earth, we are approximately 7.6 billion people. If each person should want or need to use and live off Bitcoin; then equally split at best each person could only own 0.00276315789 BTC. The market cap for all the money on the whole planet today is estimated to have recently passed 80 trillion dollars. That means that each whole unit of Bitcoin would be worth approximately $3,809,523.81!
$3,809,523.81
This is of course in an extreme case where everyone used Bitcoin for everything. But even in a more conservative scenario the fact remains that with such a low supply each unit of a Bitcoin would become absurdly expensive if not inaccessible to most. Imagine trying to buy anything under a dollar!
Not only would using Bitcoin as an everyday currency be a logistical nightmare but it would be nigh impossible. For each Satoshi of a Bitcoin would be worth much, much, more than what is realistically manageable.
This is where DigiByte comes in and where it shines. DigiByte aims to be used world-wide as an international currency! Not to be hoarded in the same way Bitcoin is. If we were to do some of the same calculations with DigiByte we'd find that the numbers are a lot more reasonable.
At 7.6 billion people, each person could own 2.76315789474 DGB. Each whole unit of DGB would be worth approximately $3,809.52.
$3,809.52
This is much more manageable and remember in an extreme case where everyone used DigiByte for everything! I don't expect this to happen anytime soon, but with the supply of DigiByte it would allow us to live and transact in a much more realistic and fluid fashion. Without having to divide large numbers on our phone's calculator to understand how much we owe for that cup of coffee! With DigiByte it's simple, coffee cost 1.5 DGB, the cinema 2.8 DGB, a plane ticket 500 DGB!
There is a reason for DigiByte's large supply, and it is a good one!
Decentralisation
Decentralisation is an important concept for the block-chain and cryptocurrencies in general. This allows for a system which cannot be controlled nor manipulated no matter how large the organization in play or their intentions. DigiByte’s chain remains out of the reach of even the most powerful government. This allows for people to transact freely and openly without fear of censorship.
Decentralisation on the DigiByte block-chain is assured by having an accessible and fair mining protocol in place – this is the multi-algorithm (MultiAlgo) approach. We believe that all should have access to DigiByte whether through purchase or by mining. Therefore, DigiByte is minable not only on dedicated mining hardware such as Antminers, but also through use of conventional graphics cards. The multi-algorithm approach allows for users to mine on a variety of hardware types through use of one of the 5 mining algorithms supported by DigiByte. Those being:
Please note that these mining algorithms are modified and updated from time to time to assure complete decentralisation and thus ultimate security.
The problem with using only one mining algorithm such as Bitcoin or Litecoin do is that this allows for people to continually amass mining hardware and hash power. The more hash power one has, the more one can collect more. This leads to a cycle of centralisation and the creation of mining centres. It is known that a massive portion of all hash power in Bitcoin comes from China. This kind of centralisation is a natural tendency as it is cheaper for large organisations to set up in countries with inexpensive electricity and other such advantages which may be unavailable to the average miner.
DigiByte mitigates this problem with the use of multiple algorithms. It allows for miners with many different kinds of hardware to mine the same coin on an even playing field. Mining difficulty is set relative to the mining algorithm used. This allows for those with dedicated mining rigs to mine alongside those with more modest machines – and all secure the DigiByte chain while maintaining decentralisation.
Low Fees
Low fees are maintained in DigiByte thanks to the MultiAlgo approach working in conjunction with MultiShield (originally known as DigiShield). MultiShield calls for block difficulty readjustment between every single block on the chain; currently blocks last 15 seconds. This continuous difficulty readjustment allows us to combat any bad actors which may wish to manipulate the DigiByte chain.
Manipulation may be done by a large pool or a single entity with a great amount of hash power mining blocks on the chain; thus, increasing the difficulty of the chain. In some coins such as Bitcoin or Litecoin difficulty is readjusted every 2016 blocks at approximately 10mins each and 2mins respectively. Meaning that Bitcoin’s difficulty is readjusted about every two weeks. This system can allow for large bad actors to mine a coin and then abandon it, leaving it with a difficulty level far too high for the present hash rate – and so transactions can be frozen, and the chain stopped until there is a difficulty readjustment and or enough hash power to mine the chain. In such a case users may be faced with a choice - pay exorbitant fees or have their transactions frozen. In an extreme case the whole chain could be frozen completely for extended periods of time.
DigiByte does not face this problem as its difficulty is readjusted per block every 15 seconds. This innovation was a technological breakthrough and was adopted by several other coins in the cryptocurrency environment such as Dogecoin, Z-Cash, Ubiq, Monacoin, and Bitcoin Gold.
This difficulty readjustment along with the MultiAlgo approach allows DigiByte to maintain the lowest fees of any UTXO – PoW – chain in the world. Currently fees on the DigiByte block-chain are at about 0.0001 DGB per transaction of 100 000 DGB sent. This depends on the amount sent and currently 100 000 DGB are worth around $2000.00 with the fee being less than 0.000002 cents. It would take 500 000 transactions of 100 000 DGB to equal 1 penny’s worth. This was tested on a Ledger Nano S set to the low fees setting.
Fast transaction times
Fast transactions are ensured by the conjunctive use of the two aforementioned technology protocols. The use of MultiShield and MultiAlgo allows the mining of the DigiByte chain to always be profitable and thus there is always someone mining your transactions. MultiAlgo allows there to a greater amount of hash power spread world-wide, this along with 15 second block times allows for transactions to be near instantaneous. This speed is also ensured by the use DigiSpeed. DigiSpeed is the protocol by which the DigiByte chain will decrease block timing gradually. Initially DigiByte started with 30 second block times in 2014; which today are set at 15 seconds. This decrease will allow for ever faster and ever more transactions per block.
Robust security + The Immutable Ledger
At the core of cryptocurrency security is decentralisation. As stated before decentralisation is ensured on the DigiByte block chain by use of the MultiAlgo approach. Each algorithm in the MultiAlgo approach of DigiByte is only allowed about 20% of all new blocks. This in conjunction with MultiShield allows for DigiByte to be the most secure, most reliable, and fastest UTXO block chain on the planet. This means that DigiByte is a proof of work (PoW) block-chain where all transactional activities are stored on the immutable public ledger world-wide. In DigiByte there is no need for the Lightning protocol (although we have it) nor sidechains to scale, and thus we get to keep PoW’s security.
There are many great debates as to the robustness or cleanliness of PoW. The fact remains that PoW block-chains remain the only systems in human history which have never been hacked and thus their security is maximal.
For an attacker to divert the DigiByte chain they would need to control over 93% of all the hashrate on one algorithm and 51% of the other four. And so DigiByte is immune to the infamous 51% attack to which Bitcoin and Litecoin are vulnerable.
Moreover, the DigiByte block-chain is currently spread over 200 000 plus servers, computers, phones, and other machines world-wide. The fact is that DigiByte is one of the easiest to mine coins there is – this is greatly aided by the recent release of the one click miner. This allows for ever greater decentralisation which in turn assures that there is no single point of failure and the chain is thus virtually un-attackable.
On Chain Scalability
The biggest barrier for block-chains today is scalability. Visa the credit card company can handle around 2000 transactions per second (TPS) today. This allows them to ensure customer security and transactional rates nation-wide. Bitcoin currently sits at around 7 TPS and Litecoin at 28 TPS (56 TPS with SegWit). All the technological innovations I’ve mentioned above come together to allow for DigiByte to be the fastest PoW block-chain in the world and the most scalable.
DigiByte is scalable because of DigiSpeed, the protocol through which block times are decreased and block sizes are increased. It is known that a simple increase in block size can increase the TPS of any block-chain, such is the case with Bitcoin Cash. This is however not scalable. The reason a simple increase in block size is not scalable is because it would eventually lead to some if not a great amount of centralization. This centralization occurs because larger block sizes mean that storage costs and thus hardware cost for miners increases. This increase along with full blocks – meaning many transactions occurring on the chain – will inevitably bar out the average miner after difficulty increases and mining centres consolidate.
Hardware cost, and storage costs decrease over time following Moore’s law and DigiByte adheres to it perfectly. DigiSpeed calls for the increase in block sizes and decrease in block timing every two years by a factor of two. This means that originally DigiByte’s block sizes were 1 MB at 30 seconds each at inception in 2014. In 2016 DigiByte increased block size by two and decreased block timing by the same factor. Perfectly following Moore’s law. Moore’s law dictates that in general hardware increases in power by a factor of two while halving in cost every year.
This would allow for DigiByte to scale at a steady rate and for people to adopt new hardware at an equally steady rate and reasonable expense. Thus so, the average miner can continue to mine DigiByte on his algorithm of choice with entry level hardware.
DigiByte was one of the first block chains to adopt segregated witness (SegWit in 2017) a protocol whereby a part of transactional data is removed and stored elsewhere to decrease transaction data weight and thus increase scalability and speed. This allows us to fit more transactions per block which does not increase in size!
DigiByte currently sits at 560 TPS and could scale to over 280 000 TPS by 2035. This dwarfs any of the TPS capacities; even projected/possible capacities of some coins and even private companies. In essence DigiByte could scale worldwide today and still be reliable and robust. DigiByte could even handle the cumulative transactions of all the top 50 coins in coinmarketcap.com and still run smoothly and below capacity. In fact, to max out DigiByte’s actual maximum capacity (today at 560 TPS) you would have to take all these transactions and multiply them by a factor of 10!
Oher Uses for DigiByte
Note that DigiByte is not only to be used as a currency. Its immense robustness, security and scalability make it ideal for building decentralised applications (DAPPS) which it can host. DigiByte can in fact host DAPPS and even centralised versions which rely on the chain which are known as Digi-Apps. This application layer is also accompanied by a smart contract layer.
Thus, DigiByte could host several Crypto Kitties games and more without freezing out or increasing transaction costs for the end user.
Currently there are various DAPPS being built on the DigiByte block-chain, these are done independently of the DigiByte core team. These companies are simply using the DigiByte block-chain as a utility much in the same way one uses a road to get to work. One such example is Loly – a Tinderesque consensual dating application.
DigiByte also hosts a variety of other platform projects such as the following:
The DigiByte Foundation
As previously mentioned DigiByte was not an ICO. The DigiByte foundation was established in 2017 by founder Jared Tate. Its purpose is as a non-profit organization dedicated to supporting and developing the DigiByte block-chain.
DigiByte is a community effort and a community coin, to be treated as a public resource as water or air. Know that anyone can work on DigiByte, anyone can create, and do as they wish. It is a permissionless system which encourages innovation and creation. If you have an idea and or would like to get help on your project do not hesitate to contact the DigiByte foundation either through the official website and or the telegram developer’s channel.
For this reason, it is ever more important to note that the DigiByte foundation cannot exist without public support. And so, this is the reason I encourage all to donate to the foundation. All funds are used for the maintenance of DigiByte servers, marketing, and DigiByte development.
DigiByte Resources and Websites
DigiByte
Wallets
Explorers
Please refer to the sidebar of this sub-reddit for more resources and information.
Edit - Removed Jaxx wallet.
Edit - A new section was added to the article: Why so many coins? 21 Billion
Edit - Adjusted max capacity of DGB's TPS - Note it's actually larger than I initially calculated.
Edit – Grammar and format readjustment
Hello,
I hope you’ve enjoyed my article, I originally wrote this for the reddit sub-wiki where it generally will most likely, probably not, get a lot of attention. So instead I've decided to make this sort of an introductory post, an open letter, to any newcomers to DGB or for those whom are just curious.
I tried to cover every aspect of DGB, but of course I may have forgotten something! Please leave a comment down below and tell me why you're in DGB? What convinced you? Me it's the decentralised PoW that really convinced me. Plus, just that transaction speed and virtually no fees! Made my mouth water!
-Dereck de Mézquita
I'm a student typing this stuff on my free time, help me pay my debts? Thank you!
D64fAFQvJMhrBUNYpqUKQjqKrMLu76j24g
https://digiexplorer.info/address/D64fAFQvJMhrBUNYpqUKQjqKrMLu76j24g
submitted by xeno_biologist to Digibyte [link] [comments]

First Month Results & Thoughts

Let me know if this breaks any rules. Here's a list of what I've done in February, as well as payouts. Amounts listed in USD, since that's what a lot of sites pay in, and it's easy for conversion. Most of these sites are global, some are Canada and/or Europe.
Site Earned $/hr
Swagbucks (non-ref) $12.06 $3.26
InstaGC (non-ref) $1.17 $0.68
Cointiply (non-ref) $0.12 ??
Appen Global $0.00 -1 hr
ClickWorker $260.25 $22.39
Neevo/DefinedCrows $63.18 $6.78
MTurk $0.27 $0.46
MicroWorkers $0.30 $1.14
PaidViewPoint (non-ref) $0.45 $3.80
Prolific $28.23 $9.84
LegerWeb $12.31 $4.81
Qmee $0.61 $0.84
SliceThePie (non-ref) $0.23 $0.34
Crypto (see below) $0.60 $0.37
GPT
I don't use these sites properly. If you're willing to sign up for offers, install addons, share shopping history, etc., they would be much more lucrative.
Swagbucks (non-ref) - Pays in gift cards, $5 cash out - $5 cash out is good, but it can take up to 10 business days for your gift card to process. This is insane as it should be an instant transaction. I also had one inexplicably refunded. The $$/hr is so high here because there are a number of mobile video apps you can download and run while you're doing other things.
InstaGC (non-ref) - Pays in gift cards, $2 cash out - SwagBucks, but less options. These two sites seem like they would be great for someone looking to download apps, sign up for trials, and shop through affiliate stores. I'm not that person. I just use them for surveys, and in the case of SwagBucks, videos (there's no InstaGC apps, and the videos pay WAY too little). Cash out at $2 is the best thing this site has going for it.
Cointiply (non-ref) - Pays in BitCoin - A combo between GPT and crypto faucet. I only use it for the faucet, but a lot of the same offerwalls that show up in SwagBucks and InstaGC seem to be here too, though less options.
Click Work
Appen Global - Pays PayPal - I spent a little over an hour doing qualifiers. I've been assigned to 3 tasks so far. None of them in a language I speak. I emailed support and they basically just said hang in there, you'll get a project eventually!
ClickWorker - Pays in PayPal, 21 day wait for payment - By far the best earner. The main problem is lack of work. In the entire month there was only 9hrs worth of worthwhile projects (I don't do anything $0.02 or lower per task). The better paying tasks seem to go quickly, so it might just be a matter of checking in more frequently.
Neevo/DefinedCrows - Pays in PayPal - One of my favourites. They don't pay as well as ClickWorker, but the website is nicer and the tasks are easier.
MTurk - Pays in Amazon gift cards - Just got accepted on the 28th, so haven't had much of a chance to look around the site.
MicroWorkers - Pays in PayPal, $9 + 7.5% cash out - A poor man's MTurk. They charge an additional 7.5% PayPal to cash out. This means you need to earn at least $9 + 7.5%. Tasks seem a little less moderated, and pay a little worse than other clickwork.
Surveys
PaidViewPoint (non-ref) - Pays in PayPal, $15 cash out - You start off earning about $1.50 for filling in your profile. I get a new "survey" almost every day, but it's just more profile questions. I've never had an actual 3rd party survey. Maybe my demographic is just off. At a minute or two a day, it's pretty easy.
Prolific - Pays in PayPal (in GBP) - The best survey site I've found, though surveys have a very small sample size, so you've got to check constantly to get one.
LegerWeb - Pays in PayPal, Canada Only, $20 cash out - This is my least favourite survey site. Unfortunately it's one of the best paying. There's a minimum $20 to cash out (at $0.50 - $1 per survey, maybe 1 survey per day, that's a long wait), the website is pretty terrible, and it's fairly common to get 3 or 4 minutes into a 5 minute survey and get disqualified.
Qmee - Pays in PayPal, no cash out limit - I've been disqualified from all but 1 survey. Though the site layout is great, this is one of the most frustrating and pointless feeling surveys sites I've used.
SliceThePie (non-ref) - Pays in PayPal - This one is new to me, and kind of fun. It pays on the low end of GPT sites, and you earn based on your star rating. You basically write short reviews for things (songs mostly). You need to spend 1 1/2 minutes on each item before it will let you submit, and as far as I can figure you get an extra $0.01 for each start rating (you start at one). That means this would top out at about $2/hr. It's a fun break from time to time, even if it will never make you serious money. It asks you to choose genres you like from a fairly extensive list...and then has you review radio pop. I assume that's because soulless factory produced radio music is the only group with enough money, and the interest in pure profit over artistry, necessary to sign up to a service like this. There also isn't a whole lot of work here. But again, it makes a nice change, and could be a lot of fun if you like popular music.
CRYPTO FAUCETS
These are pretty new to me. Go to a site, solve a CAPTCHA and get a fraction of a cent in crypto. Not a way to make real money, but kind of fun to mess around with. Some of the sites have games and betting to try to increase you're earnings. Cointiply pays out about 25% more than the Moon faucets. So far I've signed up with:
submitted by RobinFaucet34 to beermoneyglobal [link] [comments]

[Long and Serious, Please Read] Can we talk about the elephant in the room? The Dogecoin foundation?

First, I sincerely hope that everyone reads this. I'm a huge Dogecoin supporter. Don't believe me? Go check out my post history. It's been nothing but Dogecoin for the last few months. My girlfriend and friends think I'm crazy. Hell, I made a Dogecoin sign for Mardi Gras.
I like the rest of the community, am tired of seeing a lot of FUD. I hate this terminology. For the last two years, I've had a job where I've had to do nothing but manage FUD for a OTCBB stock. I can tell you STORIES about FUD. But, luckily, this isn't going to be a post about FUD (whew). But wait, I also have a degree in Political Economy which takes economic principles to explain political and market actions. So, when I found cryptocurrencies, I fell in love with them.
Look, two months ago, the number one subject on this subreddit and in the Dogecoin community was "the ASIC scare." Everyone was fearing the rise of the ASIC. A large majority of the community was begging the developers to change the code to an ASIC resistant code. Many people, including myself and some of the community leaders, believed that switching to an ASIC resistant code wasn't the answer. Instead, they believed that ASICs were the answer. We believed that when ASICs dropped in price, people would buy them and turn them on to improve the coin's hash rate and fight for the coin.
Guess what happened? The community is now rallying to buy ASICs to improve the hashrate. What happened two months ago became reality. People are buying MASSIVE ASICs to support the developers and the coin. If they had invested in super large GPU miners, they would have left long ago. ASICs are cheap and efficient and had we switched to an ASIC resistant code, we'd be screwed right now.
Nevertheless, the point of this is to say, quit worrying about price. Quit worrying about PoS, PoSV, PoT, etc. This isn't the problem right now.
The problem, simply put, is that there is a lack of leadership and direction.
When the coin first started, we had very visible and fantastic leaders. +ummjackson, +ericnakagawa, +42points, +BillyM2k and +NeutralityMentality we're all VERY visible members of the community. Look, I don't know what the hell happened, but after Dogecon SF, shit hit the fan and all of those people left. Well, I know what happened, it was the fact that there was a disagreement with +NeutralityMentality and +moolah_. From that, the moderators stepped in to prevent a witch hunt.
I took the position from the start that the entire thing was a massive overreaction and was completely unwarranted -- from all parties. Many of the arguments were centered around questions that are fundamentally bigger than us and many required government clarification which, by the way, doesn't take a week. It takes MONTHS sometimes. We're moving in a fast paced world with a slow ass government. The only legitimate question I think we should be allowed to ask from +Moolah_ at this point is about the ATMs, I digress, and that could be saved for another time.
All of this is besides the point really, but is necessary to get to my point.
Dogecon SF happened on April 25. Dogecar Talladega happened on May 5. Around those dates, we had a massive in fight between all parties that left the coin in a power vacuum. No foundation. No solid leadership. And look where we are right now. We don't have a direction or a major goal. The community is aimlessly wandering.
I've seen the number of shibes boarding the rocket declining on a daily basis. The average number of shibes 2 weeks ago was around 900-1000. Now, I see it at 500-600 daily. This makes me sad.
A couple of weeks ago, +GoodShibe and +mumzie asked a simple question: Do you want a Dogecoin Foundation?
The answer came from +mohland when he said, "yes and no." But here's the problem: The lack of leadership is a big problem right now.
While I agree with +mohland's message in spirit, I can't see it working in reality. We can't just wait and hope someone magically appears to take the Doge by the...tail?
We need a dedicated group of people to pitch to businesses and be the face of Dogecoin. We got MUCH ATTENTION in the first few months because members of the Dogecoin Foundation were there to pitch Dogecoin to the media. Ben, AKA +NeutralityMentality, was phenominal as a spokesperson for DOGE. I saw him on FOX on Reddit. Every time there was a comment about Dogecoin, he was tipping people in DISCUS, telling people to download a wallet which attracted new Shibes.
Eric, who led the DOGE4Water campaign, went on TV in Kenya to pitch Dogecoin. Jackson has been featured numerous times on TV, including on TechCrunch's Foundation.
But the problem now is that these same people have seemed to have taken a step back from the public spot light and have disappeared (honoring their wishes, this is what they wanted) and no one has replaced them. No one is actively pushing for the coin. Hell, for the last week we've been derping around with the McDogecoin Burger. (Honestly guys, McDonalds isn't going to allow their hamburger to become a Cryptocurrency advertisement -- that would mean that McDonalds would have to publicly state that they endorse crypto-currencies, which they aren't ready to. Even if they do have a fantastic PR team, a "dog" burger isn't going to ever happen for McDonalds. BitBurger? Maybe.)
Have you seen Dogecoin on TV recently BESIDES Dogecar? Not really (well I just posted that #DogeV8 is getting some press).
What happens when someone from the Media wants to contact someone as a spokesperson for Dogecoin? Are they supposed to go to /dogecoin_PR? If you go to that subreddit, it almost looks inactive and off-topic.
I don't mean to be negative. I think that the moderators are doing a great job trying to rally the community the best that they can, but every time a moderator steps up to guide the community, they get lashed out at. I feel bad for them. +lleti came up with a great ASIC buying plan and offered assistance to the developers and tried to create a discussion and all of a sudden the "SHOULD MODS BE SELLING ASICS AND BE A DEVELOPER?" Unfortunately, this is what will happen.
So -- you'll probably ask, WTF should we do?
My proposal?
  1. We take priority in creating a foundation.
  2. We create a foundation structure similar to Bitcoin's (Yes, I know there was some negative press recently). Bitcoin's foundation is very similar to many trade advocacy groups though. To become a member, you have to donate at least $25.00, then there will be larger companies that join that can donate more money to basically get advertisement: https://bitcoinfoundation.org/members/
  3. The funding raised through the foundation will be used to move the developers into full-time paid positions. In addition, the foundation will be able to afford things like Press Releases. I advocated in the past creating a "small business press release pool" if a small business accepts Doge, Dogecoin will create a PR and issue it via a newswire. This will get Dogecoin's name out there and create positive advertisement for the businesses that accept it. It's a win-win for both parties and creates incentive for small businesses to accept it.
  4. The 'primary leadership' roles will be elected from the members.
  5. The board will be loosely constructed, but will have a director, assistant director, public relations officer, investment officer, three other members that are there to promote the coin and three developers (since code is important!)
  6. The board's purpose is to further Dogecoin's adoption and promote common goals and to make suggestions to improve the coin's future.
  7. If a fundamental change to the coin is necessary, the board puts it to a vote. Not a board vote, an entire foundation and/or community vote.
Having this structure in place will provide much needed guidance in the community and will promote the coin. It will also show investors we're serious. We're not a joke. We're fun, but we're still serious.
I said it once and I'll say it again. We're not a joke currency. We're a serious currency with a joke on it. That makes us fun. That's what makes us Dogecoin.
tl;dr: We need leaders right now. We need a focused group of people pushing for Dogecoin's adoption. We need concentrated efforts to really harness dogecoin's community!
Edit: Well, this blew up. To the moon Shibes, to the moon.
Edit 2: Bets on whether or not this will be a Of Wolves and Weasels tomorrow? GoodShibe confirms a Dogecoin Foundation v2!
Edit 3: I've reached out to +GoodShibe and Co. to see if we can get something done. :)
submitted by Darthfuzzy to dogecoin [link] [comments]

such beginner shibe thread wow how to get coin

 how to shibecoin v rich in minutes much instruct so simple any doge can do 

START HERE

UPDATE 1/21/14: I'm not updating this guide anymore. Most of the steps should still work though. See the wiki or check the sidebar for updated instructions.
Before you do anything else, you need to get a wallet. Until there's a secure online wallet, this means you need to download the dogecoin client.
Now open the client you just downloaded. You'll be given a default address automatically, and it should connect to peers and start downloading the dogechain (aka blockchain in formal speak). You'll know because there will be a progress bar at the bottom and at the lower right there should be a signal strength icon (TODO: add screenshots).
If you've waited 2 or 3 minutes and nothing is happening, copy this:
maxconnections=100 addnode=95.85.29.144 addnode=162.243.113.110 addnode=146.185.181.114 addnode=188.165.19.28 addnode=166.78.155.36 addnode=doge.scryptpools.com addnode=doge.netcodepool.org addnode=doge.pool.webxass.de addnode=doge.cryptopool.it addnode=pool.testserverino.de addnode=doge.luckyminers.com addnode=doge.cryptovalley.com addnode=miner.coinedup.comdoge addnode=doge.cryptoculture.net addnode=dogepool.pw addnode=doge.gentoomen.org addnode=doge.cryptominer.net addnode=67.205.20.10 addnode=162.243.113.110 addnode=78.46.57.132 
And paste it into a new text file called dogecoin.conf, which you then place into the dogecoin app directory.
Now restart your qt client and the blockchain should start downloading in about 1-2 minutes.
Once it finished downloading, you're ready to send and receive Dogecoins!

GETTING COINS

Decide how you want to get Dogecoin. Your options are:
I'll go into detail about each of these. I'm currently writing this out. I'll make edits as I add sections. Suggestions are welcome.

MINING

Mining is how new dogecoins are created. If you're new to crypto currencies, read this. To mine (also called "digging"), a computer with a decent GPU (graphics card) is recommended. You can also mine with your CPU, but it's not as efficient.

GPU MINING

These instructions cover only Windows for now. To mine, you'll need to figure out what GPU you have. It'll be either AMD/ATI or Nvidia. The setup for both is approximately the same.

Step One: Choose a pool

There's a list of pools on the wiki. For now it doesn't really matter which one you choose. You can easily switch later.
NOTE: You can mine in two ways. Solo mining is where you mine by yourself. When you find a block you get all the reward. Pool mining is when you team up with other miners to work on the same block together. This makes it more likely that you'll find a block, but you won't get all of it, you'll have to split it up with others according to your share of the work. Pool mining is recommended because it gives you frequent payouts, because you find more blocks. The larger the pool you join, the more frequent the payouts, but the smaller the reward you get.
Over a long period of time the difference between pool and solo mining goes away, but if you solo mine it might be months before you get any coins.

Step two: Set up pool account

The pool you chose should have a getting started page. Read it and follow the instructions. Instructions vary but the general idea is:
When you're done with this, you'll need to know:

Step three: Download mining software

For best performance you'll need the right mining software.
Unzip the download anywhere you want.

Step four: Set up miner

Create a text file in the same folder as your miner application. Inside, put the command you'll be running (remove brackets).
For AMD it's cgminer.exe --scrypt -o stratum+tcp://: -u -p
For Nvidia it's cudaminer.exe -o stratum+tcp://: -O :
Substitute the right stuff in for the placeholders. Then on the next line of the text file type pause. This will let you see any errors that you get. Then save the file with any name you want, as long as the file extension is .bat. For example mine_serverName.bat.

Step five: Launch your miner

Just open the .bat file and a command line window should pop up, letting you know that the miner is starting. Once it starts, it should print out your hash rate.
If you now go to the pool website, the dashboard should start showing your hashrate. At first it'll be lower than what it says in the miner, but that's because the dashboard is taking a 5 minute average. It'll catch up soon enough.
NOTE: A normal hashrate is between 50 Kh/s up to even 1 Mh/s depending on your GPU.

You're now mining Dogecoins

That's it, nothing more to it.

CPU MINING

CPU mining isn't really recommended, because you'll be spending a lot on more on power than you'd make from mining Dogecoin. You could better spend that money on buying Dogecoin by trading. But if you have free electricity and want to try it out, check out this informative forum post.

Trading

Trading has been difficult so far, but Dogecoin just got added to a few new exchanges. If you don't have a giant mining rig, this is probably the best way to get 100k or more dogecoins at the moment. I'll write up a more complete guide, but for now check out these sites:

Faucets

Faucets are sites that give out free coins. Usually a site will give out somewhere between 1 and 100 Dogecoin. Every site has its own time limits, but usually you can only receive coins once every few hours, or in some cases, days. It's a great way to get started. All you do is copy your address from the receive section of your wallet and enter it on some faucet sites. Check out /dogecoinfaucets for more. If you go to each site on there you might end up with a couple hundred Dogecoin!

Begging

This method is pretty straightforward. Post your receiving address, and ask for some coins. Such poor shibe. The only catch is, don't do it here! Please go to /dogecoinbeg.

Tips

At the moment there are two tip bots:
Other redditors can give you Dogecoin by summoning the tip bot, something like this:
+dogetipbot 5 doge
This might happen if you make a good post, or someone just wants to give out some coins. Once you receive a tip you have to accept it in a few days or else it'll get returned. Do this by following the instructions on the message you receive in your inbox. You reply to the bot with "+accept". Commands go in the message body. Once you do that, the bot will create a tipping address for you, and you can use the links in the message you receive to see your info, withdraw coins to your dogecoin-qt wallet, see your history, and a bunch of other stuff.
As a bonus, so_doge_tip has a feature where you can get some Dogecoins to start with in exchange for how much karma you have. To do this, send the message "+redeem DOGE" to so_doge_tip. You'll need to create a tipping account if you don't have one.
If you want to create a tipping account without ever being tipped first, message either of the bots with "+register" and an address will be created for you.

CHANGELOG

  • 1/21/14 - Added note about this thread no longer being updated
  • 1/21/14 - Changed wallet links to official site
  • 12/27/13 - Added 1.3 wallet-qt links
  • 12/21/13 - Added new windows 1.2 wallet link
  • 12/20/13 - Fixed +redeem text
  • 12/18/13 - Added short blurb on trading.
  • 12/18/13 - Updated cudaminer to new version (cudaminer-2013-12-18.zip).
  • 12/18/13 - Fixed +redeem link
  • 12/18/13 - Updates dogecoin.conf, from here.
  • 12/17/13 - Linked to mining explanation.
  • 12/17/13 - Added link to CPU mining tutorial, in response to this.
  • 12/16/13 - Added links to tip commands, link to dogetipbot wiki.
  • 12/16/13 - Note about tip commands going in body, in response to this.
  • 12/16/13 - Added link to cgminer mirror, thanks to scubasteve812 and thanks to Bagrisham.
  • 12/16/13 - Note about removing brackets in response to this.
  • 12/15/13 - Fixed hash rate as per this comment, thanks lleti
  • 12/15/13 - Added info for all other ways of getting money, except for trading (placeholder for now)
  • 12/15/13 - Added windows GPU mining instructions 12/15/13 - Added wallet instructions, list of how to get money
submitted by lego-banana to dogecoin [link] [comments]

Something is rotten in the state of DOGE mining

Shibes, something stinks in doge land. A problem in the design of dogecoin means that dishonest (or perhaps we should call them "creative") miners can take a disproportionate share of rewards, leaving everyone else to earn less than they deserve. Many of you have probably noticed that calculators estimate payouts larger than what you earn in practice (for example, dustcoin estimates ~1500DOGE/day @ 200KH/s while Non Stop Mine pays about a quarter of that rate), and most have written it off as bad luck: the blocks your pool found happened to be small, or your pool happened to be unlucky, and such is life. At least another friendly Shibe is having a better day, and it'll come around in tips anyway! Unfortunately, the truth is much darker.
The "random" DOGE rewards per block are not random. In fact, the value of each block is predetermined by a simple equation applied to the hash of the previous block. A creative miner can take advantage of this fact to mine dogecoin when the potential reward is high, and switch to litecoin when the potential reward is low. During some rounds, the reward is so small it isn't worth the electricity spent finding it; during more rounds, the reward is less than can be earned mining LTC; in a few rounds, the reward is spectacular. Honest miners mine with the expectation of earning an average of 500,000 DOGE per block, but when people are selectively mining the high-profit DOGE rounds, the average reward falls for honest miners.
So the question is: is this problem theoretical, or are honest miners really losing value to cheaters? I spent some time digging, and it appears that cheating is rampant! There are a few ways cheating can be detected.
If there is outside competition for high-value blocks, then pools should on average be finding blocks worth less than 500,000 DOGE (because some of the valuable blocks, but none of the low-value blocks, will be found by cheaters). The largest pool, Dogehouse, reports some useful averages: over all time, the pool has found 11,241 valid blocks worth 5365077071.0746 DOGE, for an average of 477,277 DOGE (including fees, which should actually raise the average above 500,000!). That's 4.5% below the expected average block value. Is it simply bad luck? No. With so many blocks found, there's about a 7% chance that the average will be above 505,000 or below 495,000; there's a <<1% chance their average will be above 510,000 or below 490,000, and effectively NO chance of seeing an average below 485,000. 477,000 is simply preposterous. Dogepool is either mind-bogglingly unlucky, or something is fishy.
Maybe Dogehouse is doing something fishy...but we can look at other pools. Dogechain's pool's all-time average block value is similar: 478847 DOGE. They're a smaller pool so the odds of this being bad luck aren't astronomical, but it's not very likely. Fast-pool's average is 477892. They're big enough that the odds are again astronomical.
And this only accounts for people cheating outside of the pools. Cheaters can operate inside our pools (more on this later)!
Maybe there's something wrong with the pools. They mostly run similar software. All their owners could be lying to us. We can check for signs of cheating independent of the pools: if more people are mining high-value blocks than low-value blocks, the hash-rate will be higher when the next block is high-value, so high-value blocks will be found faster than low-value blocks. Here's what you find if you look at 5000 recent blocks (blocks 80,001 to 85,000) and measure the average time to find a block, broken out by the block value:
I had to drop about 50 blocks which were missing good timestamps, but they're evenly distributed and shouldn't skew the averages.
The pattern is clear: the network is finding high-value blocks significantly faster than low-value blocks. Low-value rounds take as much as 10% longer than intended, and high-value rounds take around 5% less time than intended. Significant hashrate belongs to miners that cheat.
I mentioned cheaters can operate inside our pools. The payment algorithms used by most pools were carefully designed for bitcoin's (effectively) fixed block reward. They reliably protect against cheaters trying to hop in and out of pools based on short-term profitability, by making payouts solely dependent on the unknowable future (the straightforward pool payment schemes allow cheaters to look at a pool's recent history and use that to take an unfair share of its earnings; read this awesome paper for details). Since the future reward for a bitcoin pool is completely unknowable, PPLNS does not protect against a hopper who knows the future. In the case of Dogecoin, the future reward IS knowable, and PPLNS offers no protection.
Dogehouse is so big we can reasonably assume they'll find any particular block. Dogehouse is using a PPLNS target similar to an ordinary round's length. Someone who mines only during high-value rounds will, with high confidence, earn significantly more DOGE per share submitted than someone who mines Dogecoin 24/7. They also experience much lower variance in earnings.
The random block reward size needs to be removed. It's fun, but it rewards cheaters. Developing a more secure random block value selection technique is possible, but based on observations of GitHub, I do not trust the Dogecoin creator to get it right. Even subtle errors re-open the opportunity for cheating.
While I believe cheating is already unacceptably common, many will disagree until it worsens. To force the issue, I've included everything you need to join the cheaters.
Patch dogecoin/src/main.cpp:
diff --git a/src/main.cpp b/src/main.cpp index 2af23af..8c32dad 100644 --- a/src/main.cpp +++ b/src/main.cpp @@ -1794,6 +1794,8 @@ bool CBlock::ConnectBlock(CValidationState &state, CBlockIndex* pindex, CCoinsVi prevHash = pindex->pprev->GetBlockHash(); } +fprintf(stdout, "Next block value: %lld\n", GetBlockValue(pindex->nHeight, 0, GetHash())); +fflush(stdout); if (vtx[0].GetValueOut() > GetBlockValue(pindex->nHeight, nFees, prevHash)) return state.DoS(100, error("ConnectBlock() : coinbase pays too much (actual=%"PRI64d" vs limit=%"PRI64d")", vtx[0].GetValueOut(), GetBlockValue(pindex->nHeight, nFees, prevHash))); 
Perl script to control cgminer:
#!/usbin/perl use strict; use warnings; my $ltcMiner = "192.168.1.1 4029"; my $dogeMiner = "192.168.1.1 4028"; open (INSTREAM, "dogecoind|") or die; my $lastPool = 0; # LTC while (my $line = ) { if ($line =~ /Next block value: ([\d].*)/) { my $val = $1; if ($val >= 70000000000000) { # High-value DOGE round if ($lastPool == 0) { # Switch from LTC to DOGE $lastPool = 1; &onoff($dogeMiner, "en"); &onoff($ltcMiner, "dis"); } else { # Already mining DOGE } } elsif ($lastPool == 1) { # Low-value DOGE round and currently mining DOGE $lastPool = 0; print " Switching to LTC\n"; &onoff($ltcMiner, "en"); &onoff($dogeMiner, "dis"); } else { # Low-value DOGE round; already mining LTC anyway } } } close (INSTREAM); exit; sub onoff { my $miner = shift; my $enDis = shift; open (OUT1, "|nc $miner") or die $!; print OUT1 "gpu${enDis}able|0"; close (OUT1); } 
Then, simply run two instances of cgminer with separate API ports, one configured for LTC and the other configured for DOGE.
submitted by DisappointedShibe to dogemining [link] [comments]

Is Doge / DogeCoin Headed To 10 Cents? Bitcoin / Altcoin News 9-01-18 Dogecoin: What Does the Future Hold? (2019) BITCOIN + ALTCOINS PUMPING!! Vechain, Dogecoin! (Cryptocurrency News + Trading Price Analysis) Bitcoin Price Prediction  $100,000 After 2021 ... BITCOIN BREAKING KEY RESISTANCE NOW!!! START of NEXT MAJOR ...

1 Dogecoin is 0.000000215 Bitcoin. So, you've converted 1 Dogecoin to 0.000000215 Bitcoin . We used 4641415 International Currency Exchange Rate. Dogecoin Price (DOGE). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Dogecoin price. Dogecoin price (DOGE) Dogecoin is not supported by Coinbase. Add to Watchlist $ 0.0026 +0.00%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 8 ... 1 Dogecoin is 0.000010 Bitcoin Cash. So, you've converted 1 Dogecoin to 0.000010 Bitcoin Cash . We used 98781.29 International Currency Exchange Rate. Dogecoin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. In addition, he wanted to distance it from the controversial history of other coins, mainly bitcoins. At the same time, Jackson Palmer, a member of Adobe Systems' marketing department in Sydney, Australia, was encouraged on Twitter ... Exchange Bitcoin (BTC) to Dogecoin (DOGE) The list below shows exchangers where you can exchange Bitcoin (BTC) to Dogecoin (DOGE). The exchangers are sorted by the rate, with the best rates on the top. To select an exchanger, you may want to check its reserves and reviews. To exchange money, click on the exchanger you choose and go to its website.

[index] [28391] [22047] [20525] [5378] [6638] [48370] [46792] [33045] [16868] [14880]

Is Doge / DogeCoin Headed To 10 Cents? Bitcoin / Altcoin News 9-01-18

Subscribe == https://bit.ly/2MjhXFM == Dogecoin (doge/btc) is falling into its support areas. Dogecoin has been playing out the cycles for years. 36-16 satoshis for doge coin is a great price. Vechain, Dogecoin! (Cryptocurrency News + Trading Price Analysis) BITCOIN TODAY: In this video, I'll go through the Bitcoin news today and I'll make an analysis of the Bitcoin price. This BTC news ... #Bitcoin tests major resistance as some altcoins experience fresh all time highs! Could this be the start of the next major cryptocurrency rally? Gold sees 9... Bitcoin, Dogecoin and Other Cryptocurrencies as Fast As Possible - Duration: 4 ... Dogecoin explained - dogecoin price prediction - doge coin - Duration: 6:47. crypto cruising 18,734 views. 6:47 ... So Dogecoin is on a roll after Elon Musk started to tweet about it. Only today it is up 30% and in this video we will have a look at some targets to the upside and also look at historical peaks ...

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