Bryce Kerley - Bitcoin Mining on Amazon EC2

Aeon

Aeon (AEON) is a private, secure, untraceable currency. You are your bank, you control your funds, and nobody can trace your transfers.
[link]

Can Amazon Inspector identify bitcoin mining malware in EC2 instances?

If not is there an appropriate tool from Amazon that can identify such malwares in production instances, especially?
submitted by sirkarthik to aws [link] [comments]

Is it cost effective to mine bitcoins using Amazon's EC2?

I don't own a computer that can handle the processing required but I also don't quite understand the cost structure of EC2 or what goes into mining well enough either. Any help would be appreciated!
submitted by Nblearchangel to Bitcoin [link] [comments]

There are now bots searching github for AWS keys, then using them to mine bitcoins - My $2375 Amazon EC2 Mistake (Not OP)

There are now bots searching github for AWS keys, then using them to mine bitcoins - My $2375 Amazon EC2 Mistake (Not OP) submitted by pat_o to Bitcoin [link] [comments]

Has anyone used Amazon EC2 for bitcoin mining? Is it cost effective?

Has anyone used Amazon EC2 for bitcoin mining? Is it cost effective? submitted by rae1988 to Bitcoin [link] [comments]

There are now bots searching github for AWS keys, then using them to mine bitcoins - My $2375 Amazon EC2 Mistake (Not OP)

There are now bots searching github for AWS keys, then using them to mine bitcoins - My $2375 Amazon EC2 Mistake (Not OP) submitted by moon_drone to BetterBitcoin [link] [comments]

"How a bug in Visual Studio 2015 exposed my source code on GitHub and cost me $6,500 in a few hours" ~ Bots continuously scan github source code looking for exposed amazon access keys which they use to spawn large numbers of EC2 instances to mine on someone else's dime...

submitted by dalovindj to Bitcoin [link] [comments]

From Platform-based Token to the Public Chain, Will CoinEx Embrace a Paradigm Shift?

From Platform-based Token to the Public Chain, Will CoinEx Embrace a Paradigm Shift?
The platform-based tokens shine in 2019, but such prosperity does not cover the disadvantage of their single use. How to find new application scenarios in addition to repurchase and destruction, and transaction fee deduction? The answer given by Binance is to expand the ecosystem of the public chain and develop the platform token into a public-chain token in a broader sense like ETH.
Not long ago, CoinEx announced its plan to launch a public chain. The CET will not just be a token listed on the platform, but also the basic token in the ecosystem of public chains. Unlike the Binance Chain whose partners serve as its nodes, CoinEx Chain chooses nodes according to the votes of ordinary users. Obviously, this is another paradigm shift for the platform-based tokens to expand the application scenarios.
CoinEx Chain is a public chain created by CoinEx’s professional blockchain underlying R&D team for DEX. Different from other DEXs, CoinEx uses three public chains: DEX public chain, Smart public chain and Privacy public chain, three of which parallel each other. They focus on transactions, smart contracts, and privacy respectively, and interoperate through “IBC protocols”.
How to get involved in CoinEx Chain’s ecosystem? A detailed interpretation of the CoinEx DEX’s public-chain node recruitment is provided below.
How to participate in the CET nodes election?
CoinEx’s nodes election rules are simple: Any holder who stakes at least 5 million CET on the chain is qualified, and the first 42 spots in the rankings will automatically be valid validators entitled to the right to generate a block and share proceeds. It should be noted that the process of electing a node is continuous and each block will be ranked.
Responsibilities of validators include preventing double signing and DDos attacks, being online all the time, upgrading nodes and configuration, building the private key storage architecture, and participating in community governance. Besides, there are server hardware requirements for running a node as below:
https://preview.redd.it/qhqk6uliftt31.png?width=1366&format=png&auto=webp&s=02addf13f8d9e619b70ba75e3a6eef2f1313e6f9
After the mainnet is online (expected in early November), the CET withdrawn from CoinEx can be staked on the chain. Once completed, the staking can be canceled at any time, but it takes 21 days for the CET to return to the account.
Private investors holding less than 5 million CET will be entitled to the voting power in the election of validators and receive bonus as rewards.
How are the returns on being a CET validator?
With a study on CoinEx’s node return model, you may find returns on validators mainly come from two parts, respectively, the block reward and transaction fee.
The transaction fee includes the gas fee in the usual sense and the function fee. Relevant gas fees will be charged for any transaction initiated on the chain, and the corresponding function fee will be charged for special operations on the DEX chain. For example, equivalent to a DEX broker, a node will charge users for such operations as order matching, token issuing, trading pairs creating, automated market making with Bancor and address alias setting.
In terms of block rewards, the CoinEx Foundation will provide a total of 315 million CET for five consecutive years. To be specific, it will send out about 105 million CET in the first year and 10 CET for block rewards. Similar to the bitcoin design, block rewards will gradually decrease over time, yet at various levels of frequency. Every year 2 CET will be deducted from the reward for each block.
https://preview.redd.it/tmocf00lftt31.png?width=1566&format=png&auto=webp&s=e68bed2c3513e4665a2101229a0d781ff31f53f5
The basic data of CoinEx is shown in the figure below. According to this condition, the estimated annual income of transaction fee for CoinEx’s validators comes at around 38 million CET, and, if calculated at 50% for the staking rate of the whole network, the annualized rate of return for CoinEx’s validators is 10%.
That is to say, in a case of successful re-election of CoinEx’s validators, the basic token-standard return rate will be around 10% for the first year. This figure will be higher due to the relatively small total stakes in the beginning.
How to calculate the actual income of the year?
Here we’ve summarized a calculation formula where numbers can be quickly inserted for your reference. Suppose the total stakes on a node are a, p% of which is the CET staked by the node itself and q% of which is CET entrusted to be staked by retail traders, the total stakes of the whole network are b, the actual returns distributed by the whole network are c, and the commission ratio of the node is k, then the actual income of the validator for the year is ac(p%+kq%)/b.
For example. Suppose the total stakes at a node are 10 million CET, including 8 million CET staked by the node itself and 2 million CET staked by ordinary CET holders and the commission ratio of the node is 10%. Calculated with the total stakes of the whole network being 1 billion CET and the actual returns distributed being 150 million CET, the actual income of the validator for the year is 1.23 million CET. In such conditions, the annualized rate of return for CET is around 15.3%.
So we can see that the actual income of the CoinEx’s validators can be divided into two parts in terms of asset ownership: incomes from CET staked by the node itself and commissions from CET staked by ordinary holders.
https://preview.redd.it/4ghx0sloftt31.png?width=634&format=png&auto=webp&s=7b8df5a18cc8033c77473017cee7182f1c080c8b
In other words, if a validator can keep the CET public chain in safety, contribute to the development of CoinEx’s ecosystem, and help it gain more attention and favor from ordinary users, it can receive an annualized income that is higher than the basic staking income. Retail users may stake their CET on more professional and responsible nodes, as well as sharing the dividends of the node and the CET public chain.
In the nodes election, the Matthew effect has always been a topic of criticism. So will ordinary token holders drive the centralization of validators according to CoinEx’s rules? The answer is no. Yet just as in the case with all other PoS models, inevitable is moderate centralization, or in other words, the trade-off between decentralization and centralization. That is because, at least mathematically, the annual income from CET staked by retail traders on different validators relies on k, which is the commission ratio of the node, with a and q% of retail traders holding the same amount of CET remaining the same. That is to say, in terms of economic efficiency alone, the income of the retail trader’ votes for different nodes does not depend on the scale, but on the proportion of transaction fee and more implicit reasons such as the security and reliability (or reputation) of a node.
There are many other public chains adopting the “Supernodes” election, and what are the advantages and disadvantages of CoinEx?
There are many public chains adopting such “Supernodes” election mechanism, among which EOS and IOST are best known. So what are the similarities and differences in the nodes election between CoinEx and its counterparts?
From the perspective of the nodes election, IOST needs 2.1 million votes (one vote for one token). According to the price of 0.0044 US dollars when this document is published, it costs at least USD 9,300, a really low threshold. Blocks.io shows that EOS now requires about 290 million votes (30 votes for one token) for the top 21 supernodes. According to EOS REX’s data, if a consortium without a user base wants to get a block-generating right by renting tokens, it will cost around USD 2.55 million a year, approximately RMB 18 million. By contrast, the threshold for a CoinEx Chain’s node is only 5 million CET, a moderate cost of USD 100,000 approximately estimated at USD 0.02.
In terms of hardware, according to the hardware configuration mentioned above, it costs USD 1,000 per year. The estimated operating cost of AWS for t3.xlarge is USD 1,458 per year, and one master with a backup costs only USD 2,916 a year. (The specific data will change slightly in practice.) Take the recommended server for running a node when EOS officially announced its node election. It uses Amazon AWS EC2 host x1.32x Large, with 128-core processor, 2TB memory, 2x1920GB SSD storage space and 25Gb network bandwidth. The operating cost of such a server, with one master and one backup, is: 13.338*24*2 = USD 640 a day. (The bandwidth cost allocated to the day is negligible.) It is thus obvious that CoinEx costs less, avoiding the waste arising from servers such as EOS and thus eliminating the intangible cost.
From the number of nodes, CoinEx Chain has 42 validators, EOS has 21 block-generating nodes per round, and IOST has 63. CoinEx Chain stays in the middle of the decentralization-and-efficiency trade-offs. In addition, the estimated hardware cost of the CET node election is USD 1,000 a year, which is relatively low.
Overall, CoinEx Chain’s nodes election is designed in a reasonable way, which is destined to be a milestone for CoinEx. Once “trade-driven mining” at CoinEx and it has even gone through “repurchase and destruction”. Now it targets the DEX public chain, which is deemed as a paradigm shift that lifts CET out of the pattern of being platform-based tokens. Let’s look forward to its future development.
Follow CoinEx Chain on Social Channels:
Twitter: https://twitter.com/CoinExChain
Facebook: https://www.facebook.com/CoinExChainOfficial/
Telegram: https://t.me/CoinExChainOrg
submitted by CoinExcom to Coinex [link] [comments]

I know this is a dumb question...but is there anyway to have a little go at mining without buying a massive kit first?

As a new zealander, there isn't an easy way to buy bitcoins (need int'l bank transfers etc) so I wondered if I could set up a machine to mine just little and then figure out whether to scale up......would really love to get involved, but my technical know-how is severely lacking
submitted by marmaladeontoast to BitcoinMining [link] [comments]

Anyone bullish on XLNX?

There's a pretty interesting debate in the AI space right now on whether FPGAs or ASICs are the way to go for hardware-accelerated AI in production. To summarize, it's more about how to operationalize AI - how to use already trained models with millions of parameters to get real-time predictions, like in video analysis or complex time series models based on deep neural networks. Training those AI models still seems to favor GPUs for now.
Google seem to be betting big on ASICs with their TPU. On the other hand, Microsoft and Amazon seem to favor FPGAs. In fact Microsoft have recently partnered with Xilinx to add FPGA co-processors on half of their servers (they were previously only using Intel's Altera).
The FPGA is the more flexible piece of hardware but it is less efficient than an ASIC, and have been notoriously hard to program against (though things are improving). There's also a nice article out there summarizing the classical FPGA conundrum: they're great for designing and prototyping but as soon as your architecture stabilizes and you're looking to ramp up production, taking the time to do an ASIC will more often be the better investment.
So the question (for me) is where AI inference will be in that regard. I'm sure Google's projects are large scale enough that an ASIC makes sense, but not everyone is Google. And there is so much research being done in the AI space right now and everyone's putting out so many promising new ideas that being more flexible might carry an advantage. Google have already put out three versions of their TPUs in the space of two years
Which brings me back to Xilinx. They have a promising platform for AI acceleration both in the datacenter and embedded devices which was launched two months ago. If it catches on it's gonna give them a nice boost for the next couple of years. If it doesn't, they still have traditional Industrial, Aerospace & Defense workloads to fall back on...
Another wrinkle is their SoCs are being used in crypto mining ASICs like Antminer, so you never know how that demand is gonna go. As the value of BTC continues to sink there is constant demand for more efficient mining hardware, and I do think cryptocurrencies are here to stay. While NVDA has fallen off a cliff recently due to excess GPU inventory, XLNX has kept steady.

XLNX TTM P/E is 28.98
Semiconductors - Programmable Logic industry's TTM P/E is 26.48

Thoughts?
submitted by neaorin to StockMarket [link] [comments]

EthMining on Cloud Services ?

Has anyone tried mining ether on a cloud service? Like where you can rent/buy computational power to do our work? (like amazon web services and such). I would like to know how the performance is on such services. Do they give good computational speed at low costs, enough to profit from ether mining?
I plan to shift to this because my PC has a 8GB GTX 850M card which is churning 1.6Mh/s on an average, which is pretty low and simply pointless to continue at this rate....
Would appreciate infact any comments about this! Thank you!
submitted by rsvishalakhil to EtherMining [link] [comments]

Improved fork resilience proposal

Note: This develops ideas from my older proposal here: https://www.reddit.com/btc/comments/4vg4qf/proposal_to_increase_forksafety_while_reducing/
You do not need to have read the previous version though, since what I'm presenting here is improved along a number of dimensions, and spells out assorted details.

Design principles

This proposal is designed to meet the following goals:
  1. Bitcoin needs to fork now to increase the block size.
  2. It should be possible to fork Bitcoin without having ASIC miners on board before your fork.
  3. In a hypothetical world in which ASIC miners all stopped mining, Bitcoin (or one of its forks) ought to be able to continue producing blocks. (Genuine worry, see e.g.: http://www.truthcoin.info/blog/mining-heart-attack/)
  4. Nonetheless, the ASIC miners have built up an incredible infrastructure, providing unmatched security.
  5. It makes sense for Bitcoin forks to attempt to benefit from the security provided by the existing ASIC infrastructure.
If you disagree with these, there's probably not too much point arguing about the rest.

Meeting the design goals

To meet the design goals, producing blocks with an sha256(sha256(...)) PoW needs to remain possible. Similar reasoning has led people to propose a reduction in difficulty following the fork. I presume that if (say) a fork had signed up 20% of the hash power, then it would set its new difficulty to (around) 20% of the old difficulty. This seems risky though, as the reduction in difficulty would increase the risk of 51% attacks. (While the needed hash power for a 51% attack is the same regardless of the difficulty, with very low difficulty, blocks will arrive much faster, making it much harder to mitigate such attacks.) Additionally, in the event of a "mining heart attack" (a sudden drop in ASIC hash power), it is unlikely that a hard fork with reduced difficulty could be delivered fast enough to prevent a collapse in value.
In any case, following a fork, there is likely to be much higher variance in transaction times, as miners move between chains, and the difficulty adjustment algorithm struggles to keep up. People have proposed more responsive difficulty adjustment algorithms, but these produce problems in the longer term, including making certain attacks easier.
This suggests that an alternative approach is needed, namely one in which most blocks are produced using the standard PoW, but in an emergency, an alternative CPU mined PoW could take over. The idea of my proposal is to allow the commencement of mining of CPU mined blocks only after a certain time has elapsed, where the passing of time is measured by the production of timing blocks. In normal times, this reduces the variance of the time between blocks, thus reducing the variance of confirmation times, and making Bitcoin more reliable as a means of payment. In crisis times, such as after a fork or "mining heart attack", this enables CPU miners to produce blocks even when ASIC miners are not.

This proposal

I propose the introduction of two new block types. For clarity, I will call the existing blocks "type A blocks" (A for ASIC). "Type C blocks" (C for CPU) fulfil a similar function to type A blocks, but will be produced with a different algorithm. "Type T blocks" will be small blocks used for timing. Both type C and type T blocks will be CPU-mineable. I will now spell out the details of these new block types.
  • Type T blocks may follow either type A, C or T blocks, but no more than 60 type T blocks may be chained in a row.
  • Type T blocks contain a single coinbase transaction, and no other transactions.
  • Allowable coinbase transactions for type T blocks take as input the current block reward divided by 80.
  • The outputs of coinbase transactions from type T blocks are not spendable until followed by a type C block.
  • Type C blocks may only follow uninterrupted chains of 60 type T blocks.
  • Type C blocks contain a single coinbase transaction, and arbitrarily many other transactions (subject to the block size limit).
  • Allowable coinbase transactions for type C blocks take as input the current block reward divided by four, plus the sum of transaction fees from any included transactions.
  • Note that by construction, the total coinbase outputs of a run of 60 type T blocks and one type C block is 60/80+1/4 = 1 times the block reward, so there is no change to the total number of BTC being produced.
  • In counting blocks for difficulty adjustment, type T blocks are ignored. Thus the difficulty is adjusted after 2016 type A or C blocks since the last adjustment.
  • The new difficulty for type A blocks is adjusted as it is currently. ( new_difficulty = max( old_difficulty / 4, min( old_difficulty * 4, old_difficulty * ( two_weeks / time_since_last_adjustment ) ) ) )
  • The difficulty of a type T block (and hence a type C block) is set according to the formula new_difficulty = max( old_difficulty / 4, min( old_difficulty * 4, old_difficulty * ( two_weeks / time_since_last_adjustment ) * ( num_type_C_blocks / 100 ) ^ ( 1 / 2 ) ), where num_type_C_blocks is the number of type C blocks out of the last 2016 type A or type C. The implicit target here is 100 type C blocks per 2016, meaning a drop in ASIC miner profits of around 5%, which is hopefully not enough to overly annoy them. The slower adjustment to the number of type C blocks reflects the greater sampling variation in num_type_C_blocks and the fact that CPU power changes more slowly than ASIC power.
  • Note, that with roughly 5% of all profits going to CPU miners in normal times, type T block times should be around 30 seconds, and type C block times should be a bit less than 10 minutes. This is in line with my prior proposal, linked above.
  • Multiple low difficult "T" blocks are not equivalent to one higher difficulty block, because the variance of the time to produce N difficulty K blocks is lower than the variance of the time to produce one difficulty NK block. (Erlang vs exponential distributions.) The low variance of the time to produce 60 T blocks is what helps ensure that mining C blocks only starts after around 30 minutes, meaning that it only happens when ASIC miners have failed to produce A blocks for some reason.
  • The initial difficulty of producing type T and C blocks following the fork should be set so that in a hypothetical world in which (a) only one person CPU mined and (b) the price post-fork was equal to the price pre-fork, that one miner would exactly break even in expectation by CPU mining type T and C blocks on Amazon EC2, assuming that they obtained 5% of all block rewards. This is likely to be a substantial under-estimate of the true cost of CPU mining, due to people having access to zero (or at least lower) marginal cost CPU power, but an under-estimate is desirable to provide resilience post-fork.

Desirable properties

This proposal:
  • substantially reduces the variance of block times, increasing Bitcoin's use as a means of payment, and hence (probably) increasing its price,
  • encourages more people to run full nodes, due to the returns to CPU mining, increasing decentralization,
  • provides protection from sudden falls in ASIC hash rate, reducing tail risk of holding Bitcoin, and thus again (probably) increasing its price,
  • helps provide hash power post-fork, without driving away the existing miners and their hardware,
  • helps us deliver a block-size increase!
submitted by TomDHolden to btc [link] [comments]

A practical way to put miners back to use and back Bitcoin with compute power.

I've heard time and again "Why doesn't Bitcoin just do [insert useful computation here] computation to secure the network!"
Why not [email protected]?
Why not cloud computing?
Bitcoin verification must satisfy these properties:
That last one is important because if [email protected] was done, and then a cure for cancer was found, the value of bitcoin would crash. [email protected] doesn't satisfy the 2nd property anyway.
However, we can put miners back to good (profitable) use, and back Bitcoin value with computational power!
Amazon currently offers a cloud compute service which charges for it's use by the hour.
The Bitcoin network of verifiers currently represents the largest distributed computing network in the world.
If we build some software to distribute relatively arbitrary GPGPU computation to miners, and we build a service that offers this computation power to clients, then we can sell Bitcoin mining compute power.
Would this reduce the security of the Bitcoin network? Yes and no.
The security of the Bitcoin network is about to drop due to mining rigs turning off as a result of non-profitability.
We could have these miners turn their rigs back on for the cloud compute service. This wouldn't represent a loss of Bitcoin network security, because we have already lost this security.
If this service was only to accept Bitcoins, then the value of Bitcoins would be backed partly by computation power -- much in the way that it is currently backed partly by drug trade.
Edit:
Some of you have misinterpreted this as a proposal for a new currency that is secured by arbitrary computation. I explained above why that would not be possible.
This is a proposal for a service that pools mining power for sale -- payable in Bitcoins. Ex-miners would contribute to the service, and be paid daily for their service.
The idea is to back the bitcoin economy with a new merchant service, using powerful equipment that we are about to stop using anyway.
Edit #2:
People keep bringing up centralization. As if this somehow centralizes the entire currency. Suggesting that this needs to be decentralized is as silly as suggesting that your local barestaurant needs to be "decentralized" before it can accept Bitcoins.
This is a merchant service -- not a currency!
submitted by kdoto to Bitcoin [link] [comments]

TIFU by posting AWS keys to a public GitHub

Next thing I knew I had a slew of x-large windows machines mining bitcoin. Luckily Amazon is incredibly understanding and they plan to reimburse my company for $6,000 in fraudulent EC2 charges
submitted by cleaninterface to tifu [link] [comments]

Restricting/denying port scans from *within* network?

Hi folks.
So, I work as a systems engineer at a startup with customers that have some amount of shell access. We run our infrastructure on EC2. Among other things, we've received reports from Amazon about port scanning attempts sourcing from our instances, and after investigating our servers, I've come up blank with any sort of exploits on actual instances - however, I'm about 80-90% confident that the port scans originated from one of our LXC containers.
How do folks usually monitor and restrict port scans from within your network/hosts? A lot of the resources I've been reading have been assuming that the attacks come from the outside: in our case, we're worried about customers exhausting resources, executing port scans from our instances, Bitcoin mining, etc.
(edit: I should mention that I'm incredibly new to network security in general. I've some knowledge about some good practices around secure network design, but in terms of defense-in-depth strategies or common tools folks use in netsec, I'm completely clueless.)
submitted by cparedes to AskNetsec [link] [comments]

Someone please proofread what I have written below, so it can be posted on r/environment and other such subreddits.

Here is the title.
Bitcoin requires a tremendous amount of electricity to be maintain, but there are much more environmentally-friendly, alternative cryptocurrencies. Please demand that merchants accept the environmentally friendly alternatives.
Executive Summary:
Large Bitcoin mining operations are now being constructed in places where they unnecessarily squander the least expensive, renewable hydro-electric and geothermal-electric resources. There are very environmentally-friendly, readily-available, alternative cryptocurrencies such as Blackcoin and NXT that do not pose a threat to these precious renewable resources.
The environmentally unfriendly coins that require a lot of electricity to mine are called Proof of Work (PoW) coins. The environmentally friendly alternatives like Blackcoin and NXT are called Proof of Stake (PoS) coins.
The price spike in bitcoin last fall has led to an arms race to adopt electricity-gobbling, specialized mining equipment in the pursuit of corporate mining profits. They were not required to maintain Bitcoin prior to their invention. Specialized mining equipment for a second class of coins, which are similar to Litecoin, another PoW coin, is about to start shipping. This will lead to another large surge in unnecessary corporate mining operations and greatly increase the electrical demand in the race for corporate mining profits.
You can read the long report below.to find out more about the issue, and you can visit blackcoin and NXT at the links below to find out more about our coins. If you have heard enough and just want to do something quick and simple to support our efforts, visit blackcoin and NXT, click on our subscriber button to show your support, and then watch us take on Bitcoin. While you visit the two subreddits, you can judge for yourself which one you think will succeed.
Hopefully, some respected environmentalist will start campaigns to get merchants that already accept Bitcoin and Litecoin to start accepting the environmentally friendly alternatives.
http://www.reddit.com/blackcoin
http://us.reddit.com/NXT/
Electrical requirement to mine PoW coins:
The Bitcoin, Litecoin, and Dogecoin ledger are maintained by miners who compete against each other to see who can first find the next page for their blockchains. Only the miner that wins the race for each ledger page gets paid in coins.
As a result of this competition and the late 2013 price spike, Bitcoin mining corporate startups are popping up in central Washington State as documented in the first link below to take advantage of the inexpensive, renewable hydro-electricity and in Iceland as documented in the second link below to take advantage of the renewable hydro and geothermal resources. If bitcoin continue to expand, it will unnecessarily eat up more and more of these valuable renewable resources
Link to Washington State Bitcoin mining article
http://www.spokesman.com/stories/2014/ap26/northwests-cheap-power-drawing-bitcoin-miners/
Link to Iceland Bitcoin mining article
http://dealbook.nytimes.com/2013/12/23/morning-agenda-the-bitcoin-mines-of-iceland/?_php=true&_type=blogs&_r=0
The next surge in electricity requirement is about to happen:
The mining hardware manufacturers are about to start shipping specialized mining equipment that can only mine the Litecoin and Dogecoin type of PoW coins as documented in the two links below. This new front in the mining arms race will gobble up much more precious renewable electricity in the competitive pursuit of corporate mining profits than is currently required to update the ledgers of these coins.
http://www.cryptocoinsnews.com/news/innosilicon-a2-terminator-scrypt-asics-first-28nm-chips-litecoin-dogecoin-mining/2014/04/30
https://coinreport.net/zeusminer-pre-orders-scrypt-asic-miners/
http://www.coindesk.com/mining-roundup-multipools-doge-amazon-ec2-11ghs-usb-sticks/
This specialized equipment is prostituting the original bitcoin promise
The tremendously profitable mining of crypto coins that are competitively produced is unnecessarily prostituting the original concept of their inventor, Satoshi Nakamoto. He envisioned bitcoins as being mined on standard personal computers while preforming other useful tasks. Instead, special computer hardware is being manufactured costing upwards to $10,000 apiece which can perform only one task. These individual units are being racked up in warehouses now.
This specialized equipment was not required for Bitcoin prior to its invention and is not required currently for Litecoin and Dogecoin. However, it is coming anyway producing an unnecessary arm race in the pursuit of corporate profits.
These specialized dev ices are energy inefficient in a second ways.
These specialized devices generate so much heat that they require elaborate energy-intensive cooling system for large operation. One of the most elaborate of these cooling systems is documented in the link below for a Hong Cong corporate mining operation that emerges the energy-wasting equipment in boiling goo to keep it cool. Thus, not only does it take electricity to run the equipment for these large operations, but more to keep it all cool.
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool
PoS coins are the environmentally friendly alternative.
In contrast, the ledger pages of coins like Blackcoin and NXT are generated by stakeholders who cooperate to perform the task which are being done on standard multitasking computers. Many of these computers would be running anyway as originally envisioned by the inventor of the blockchain.
If you have heard enough and just want to do something quick and simple to support our efforts, visit blackcoin and NXT, click on our subscriber button to show your support, and then watch us take on Bitcoin. While you visit the two subreddits, you can judge for yourself which one you think will succeed.
Hopefully, some respected environmentalist will start campaigns to get merchants that already accept Bitcoin and Litecoin to start accepting the environmentally friendly alternatives.
http://www.reddit.com/blackcoin
http://us.reddit.com/NXT/
submitted by RJSchex to blackcoin [link] [comments]

Should Bitcoin target a "split" node/wallet architecture? i.e. (1) An online full-node in a remote datacenter, with DDoS protection, high bandwidth, and 24/7 availability... and (2) An offline wallet locally (in my home), with just my private keys - used for signing, like with cold storage or SPV.

I remember over a decade ago when some hobbyists still managed to run webservers (for websites) from their homes. (I believe this involved working around DHCP in order to get a "static" IP address.)
Nowadays of course, almost nobody runs a webserver (for websites) from their homes. They spin up a VPS someplace like Amazon EC2, DigitalOcean, etc.
However, there seems to be this massive "phobia" against running Bitcoin full-nodes in datacenters.
But on the other hand, we have already heard many people saying that:
In addition, there is the concept of "SPV" wallets (simplified payment verification), where a user holds their private keys locally but checks the corresponding (public) addresses online (not on their own local machine) to see their balances.
Similarly, cold-storage or an "air-gapped system" (such as the approach used with Armory, or other wallets which implement BIP 32) (both of which require HD - hierarchical deterministic wallets - in order to keep the online wallet and the offline wallet in-sync) are in some sense similar to SPV wallets - in that the private keys are kept on one (permanently offline) machine, while the (public) addresses are kept on another (online) machine (at the user's location in the case of Armory and other "cold storage" or "air gapped" solutions - or on a remote server in the case of SPV).
OK, so summarizing, this is the background:
  • online nodes need 3 things (DDoS protection, high bandwidth, 24/7), so they should preferably be run in datacenters
  • offline nodes are good for privacy (air-gapped / cold storage), and need little or no connectivity, so they should preferably be run in people's homes
I know the following are probably in some sense really old and obvious questions - but I want to ask them here again, because I do not feel certain that the community has gotten a fair chance to fully answer them, due to the notorious distortions in the recent debate about "max blocksize":
(1) Given that webservers are pretty much all in datacenters, shouldn't we also expect (and embrace) the inevitability that Bitcoin full-nodes will also pretty much all be in datacenters?
(2) Given that the only thing I need in order to verify receipt of funds is:
  • my private key
  • some access to an online machine which can verify the corresponding (public) address
...then shouldn't I be indifferent (neutral) as to whether I do this (the online part - just verifying the funds at an address) on a local machine in my home, versus on a remote machine in a datacenter?
Indeed, for security, I don't even want my private keys to be on an online machine anyways - I want to always use a "cold storage" or "air-gapped" approach as provided by Armory (and some other wallets which implement BIP 32), on an offline machine.
So this would seem to suggest a specialization of Bitcoin software, into the following different programs:
(1) online full-node software (for relaying blocks and transactions, and for checking the balances at addresses). This is the software which needs:
  • lots of bandwidth
  • DDoS protection
  • 24/7 availability
The above program should be running online in a remote datacenter.
(2) offline wallet software (for generating private keys, and signing transactions).
The above program should be running locally, in my home - possibly even offline, for greater security.
Note that a fundamental requirement for this architecture is HD - hierarchical deterministic wallets: an easy-to-implement feature (but one which Core/Blockstream has neglected including in their wallet).
This is needed because if the system is "split" between an online part and an offline part, then HD is needed in order generate identical sequences of private keys, public keys, and (public) addresses on both machines.
Summary:
From the point of view of:
  • online throughput (of full nodes)
  • online DDoS protection (of full nodes)
  • online 24/7 availability (of full nodes)
  • offline cold storage (of private keys)
We really want a two-part system, consisting of:
  • an online full-node, which could be in a remote datacenter (and which multiple users could probably share)
  • a (possibly permanently offline) local wallet (which is mine alone).
Since this kind of "split" architecture is actually the one which would best would satisfy all our needs (throughput, DDoS protection, 24/7 availability of the online part - and low resource usage, and total air-gapped / cold-storage security for the offline part) - then why aren't we simply accepting this, and designing our full-node and wallet software as two separate programs, each specialized for their respective tasks and environment?
submitted by ydtm to btc [link] [comments]

Thanks, /r/dogecoin! Much Rock. Such Community. Wow.

I've been a closet crypto enthusiast for a while now. On a whim I stumbled into this community... and dove in with both feet.
Now, I've got 2 Amazon EC2 instances mining dogecoins, I've transferred all my bitcoins over (a paltry amount, for sure), and I've written two articles on altcoins and their future:
And it's you guys and your amazing giving spirit that has inspired me to jump in with my free time and even some cold hard cash to bring down the miners!
I'm an open source software developer (WordPress) and you guys remind me a lot of that community - giving, sharing, and caring.
So, keep up the good work, and let's take this TO THE MOON!
submitted by studionashvegas to dogecoin [link] [comments]

Bitcoin Mnemonic: Best Explanation?

I understand that the 12 word bitcoin mnemonic is completely secure - that even if someone decided to spin up a huge army of Amazon EC2 instances and set them to work guessing mnemonics, trying to "recover" random wallets by brute forcing the system, they would expend much more on their effort than they would manage to steal. But unlike cracking a password, where you have to combine it with the correct username, this effort - like an attack on brain wallets longer used since they are insecure, could be brute forced and I presume that eventually with enough computing power, wallets would be recovered.
I'd like to know if there is a great explanation of this technology available, and if not, why?
Perhaps users of bitcoin wallets, when asked to entrust their balances in a few words, have some level of doubt that this is "good enough" for them to secure their bitcoins with, and makes them question the security of the system more than they need to.
What would be really great would be a high quality animated video, with references and mathematical proofs, posted on YouTube, that you could refer people to who are not technically or mathematically minded, to set their minds at ease.
Because I do think, as adoption outside of the extremely tech literate grows, this question will come up more and more.
Sorry I'm not posting this video myself, I'm not a great animator and don't know others who are. I also don't understand all the facts behind this.
Perhaps, in leiu of such a video, others could write competing "best explanations for the layman" of this backup tool, and together we could form a really fantastic explanation.
Here are some resources on the subject: https://www.reddit.com/Bitcoin/comments/2twczy/how_are_mnemonic_words_secure_only_12_words/ https://blog.blockchain.com/.../understanding-mnemonics-and-the-blockchain-wallet/ http://bitcoin.stackexchange.com/questions/30879/pros-cons-limitations-of-mnemonic-phrases-bip39 http://www.explainxkcd.com/wiki/index.php/936#Explanation
People do know that computers are very fast, and the thought of their backup phrase needing to withstand an attack from a supercomputer, or some unknown entity called "hackers" that are out there on the Internet, breaking into things, the better we can explain how insanely well protected they are by mathematics, the better. And maybe, some people would like the option to encrypt their mnemonic with a password of their own choosing - they just might believe by securing it with 1023albertstreetGod, like they do their bank account, will make this OK.
Lastly, where are people advised to keep their mnemonic passphrases? Not everyone has a safe. They shouldn't be written down in Google Keep, or saved in an e-mail. Maybe they can write them down in the back of their diary, but what if their house burns down? Personally, mine is buried in the ground. I couldn't think of a fireproof solution (my flat burned down a few years ago, this is a real problem). Some people live in areas that might flood, though, or just not feel like buying a small gardening trowel.
There are reasons people would rather trust their money to a bank - the bank guarantee that you can show up, and show them your ID, and get access to your money. And that if your money is stolen by hackers, you'll get a refund. We can secure our own money, but it's new to us, having something we can't just buy an insurance policy for, or give to a third party to look after for us, these aren't things a lot of people are used to dealing with themselves.
Custodial accounts are not the answer, as BitFinex and countless other custodial accounts at exchanges demonstrate (some people would have trusted that because BitFinex had "upgraded" their security with BitGo, their funds were maybe safer there than in their own hands). I appreciate that it was BitFinex's setup, not BitGo, that was at fault here, but the point stands - who knows what security some third party are using, better to have trustworthy ways of securing your money aside custodial control. Trezor is great, but still has a backup mnemonic incase your house burns to the ground (or something much less likely).
EDIT: Andreas Antonopolous on some of what I wrote here: "Welcome. I’d like to know your take on brain wallets. Most consider brain wallet bad for newbies. Do you think it’s good for cold storage when applied by hardcore bitcoiners? Say, to mix the private key in the password-generation phrases to get a secured address. By the way, I personally use this method for most of my own bitcoins, is it ok? Many thx.
No, I think it is a terrible idea to try to make your own brainwallet or try to make complex security solutions if you are not an expert. Even for an expert, the best security is standardized, peer-reviewed, well-tested security. For cold storage I use BIP39 mnemonic phrases and standardized BIP32/BIP44 wallets built on top of those. I do not try to invent my own and I do not use brainwallets." Source: https://docs.google.com/document/d/1BEqEhxJjN05HgAZ_OYvVUJ6kxDvEDxGebLvea7XqP-c/edit?ts=57958319&pref=2&pli=1
submitted by jj8091 to Bitcoin [link] [comments]

Noob with 10k aws credit

I have a bunch of aws credit that will expire by this summer. Any ideas how to get this out? I created EC2 instances, but the way things are going it seems that I'll get only 1/10 the value out in dodgecoin.
I followed the tutorial here... followed it exactly. Any other ideas would be much appreciated!
submitted by ari_giblets to dogecoin [link] [comments]

[Table] IamA porn site owner. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-08-19
Link to submission (Has self-text)
Questions Answers
Hello. Interesting AMA. Do you make enough to live comfortably? Yes. I grossed just shy of $300,000 last year. I drive a Mercedes and live in a luxury apartment in an expensive area of the country.
Does your family know? Not really. My only concern is with legality and VISA/MC's "BRAM" violations, since they could blacklist me and prevent me from ever accepting credit cards again.
Can I have a free pass? ;-) My sister knows, but my mother doesn't. The rest of my family has passed away or never existed.
Hah. Would if I could, but my site sells clips individually. There are no subscriptions... yet. :)
What does your mother think you do? I went self employed a year ago, but I have another website (which doesn't do as well) that I can point people to. As long as they don't examine it too much they probably wouldn't notice the lack of activity.
Awesome. What is the site name? :-) Lemonparty. ;)
(note: I'm kidding, of course.)
You say what you grossed but what's your margin? And would you accept outside investment? Net profit margins on clips are between 20% and 30%. Tribute margins between 10% and 20%.
Can you elaborate on not having any ethical concerns? What measures do you have in place to make sure the performers in your videos have good working conditions, aren't being coerced or manipulated into performing, aren't victims of human trafficking, etc.? I have no measures in place to prevent those, really. It's more policing them after-the-fact.
The only thing really in place is the ability to report a video, which then flags it for the review of an admin. If the video looks like it could be illegal, we take it offline until the studio can provide proof the video is legal.
According to the DMCA, content platforms cannot be held liable for the content posted by the user to a reasonable extent.
What I meant is I don't have moral concerns about the content of my site. A lot of it is pretty revolting, but it's not my job to judge or deny anyone for their fetish, as long as its within the bounds of the law.
Dad? Grandpas.
I wonder if that site has any serious profit. Everyone knows it. I doubt it... accidental ad clicks, maybe. The thing about advertising is it works best when you sell it to people in your market. I would assume that not many people go, dicks-in-hand, to lemonparty. But if its one thing owning a site like mine has taught me, its to not make assumptions about what materials people look for while "firing the surgeon general".
So by my math you're making around $75k/yr. if you're grossing 300k--surely a comfortable life, but by no means the lap (or crotch, in this case) of luxury. That sounds about right. Maybe less. Sometimes I'll work web contracts to supplement my income. It also helps remind me why I much prefer working for myself. :)
How often do you get a completely inappropriate video that you have to reject? Not too often, but there's some pretty harsh stuff on the site. I really try to look at it objectively. Some of the stuff makes me cringe and is hard to watch. Dudes getting kicked in the balls, for example.
Edit: Willingly, I might add.
Yay, a foremen fan! NICE! I was wondering if anyone was gonna get that reference.
Do you ever visit other porn sites to get off? Or do you stick to your own? I never get hard on my own supply.
Pretty much, the content on my own site isn't for me. We have some very attractive women on the site, but there isn't much traditional porn on the platform.
What's one weird trick that will help me last longer and/or increase the size of my dick? From personal experience? More foreplay.
If you've ever been given blueballs and afterwards pulled out your wang, you'd be surprised at how much bigger it can get. Freaked myself out once after a heavy petting session that wasn't advancing.
How was that username not taken? No idea.
Why did you make this AMA anonymous when you could have used this as a marketing campaign? I'm not really looking to profit off of this. I've read a bunch of awesome AMAs and figured I could contribute and answer some peoples curiosity. When I tell people in person they always have a hundred questions for me.
How long have you been in the industry? Besides, I find it difficult to believe anyone could be into some of the things on my site. I doubt it would boost sales.
Do you still find porn appealing or is it all pretty run-of-the-mill now? About 3 years.
I'm not turned on by many of the videos on my own site, so it hasn't changed porn for me much at all. I stick to beeg and motherless, personally.
Where do you think the future of porn on the internet is headed? The same direction the rest of the web industry is heading. HTML5 / Javascript MVC frameworks. High scalability platforms. The only advantage is there's a serious shortage of talented developers in the adult industry, so those of us who do know these technologies have an upper hand.
all the sites like Redtube/youporn etc... all giving away porn for free has to make a big dent into your profits? We do find our studios' clips on some of these sites. Sometimes a DMCA notice works, sometimes not. However, since the bulk of my customers are into financial domination, they prefer to pay for the clips. We also make a good amount of money from "tributes", which are simply cash donations. Not sure of the legality of tributes, but they're an industry staple.
What is this "financial domination" stuff? Sounds real kinky! I searched for it on a competitors video site but couldn't find anything.. It is indeed a real thing. I've come to learn about some pretty crazy fetishes people have.
FinDom (financial domination) Fart porn / flatulence Hiccups Giantess (look this one up. you won't believe it.)
What is financial domination? "A real thing" isn't really an answer and doesn't really help. Pls describe in further detail. Financial domination is a fetish where men, who are usually in powerful corporate positions, want to give up control. They're usually in charge, but this lets them not be. Sometimes it's via video chat, sometimes its just a video they purchase, but every time it has to do with being called names, told they're not good enough or just worthless "pay piggies". The girls will demand the men give them money, and they do. Usually there's not even any nudity unless its the man getting naked. I've seen some crazy shit with FinDom. Guys with broomsticks up their asses and womens clothes on... whatever the girl wants to do to humiliate the guy.
Sometimes they let the girls control their computer remotely with access to go through their email, send themselves money, etc, while they just watch with their dick in their hand.
It's odd and I don't understand it, but again, I'm not here to judge. I'm here to make money.
One studio I know demanded a man buy her a brand new BMW M3 convertible, and he did. He gave her $10k in cash per month until it was paid off. That's an $80k car.
I wish I was a hot girl... They make pills for that.
That's really crazy, you're basically just giving money away to someone you don't know at all.. It is interesting, but it exists, so I don't question it too much.
I'm looking for porn including a walrus with a tooth brush and their trainer. Do you have anything? EDIT: Of course THIS has to be my highest rated comment... Will an elephant seal and a tourist work? Also, do you care if the tooth brush is motorized?
That depends does the elephant seal have control of the motorized tooth brush? Checking...
What is your technical background? Are you a programmer? Do you manage the tech of the website yourself or is it 'outsourced'? I've been programming full time for professional corporations and agencies for 15 years now. I do manage the tech myself, but I make heavy use of Amazon web services.
Is it legal to post that kind of content on AWS ? It's not not-legal.
Who moves more content than porn sites? AWS would be missing out on a large large profit if they didn't allow adult content.
I'm curious, how much did you make programming before you had this site? My last gig I made $135k. Before that, $120k.
How big was it? We'll just say he's not the king anymore. ;)
Does anyone ever actually click those share buttons? Share to... what? Facebook?
reddit, and google plus, etc. I wouldn't know. I don't have them on our site.
You mentioned good integration with Twitter earlier. That's for marketing? Like you have a twitter account for the site? I have a twitter account for the site, but the twitter integration I spoke of is a feature that lets studios connect their twitter account and have it auto-post a link when their video goes live.
Do you produce original content or do you buy content and resell it? Neither. We grant studios the access to upload their own clips and add their own meta data, set the price, etc. They get a majority % of the sale.
What's the average net profit of a typical clip, from a popular performer(s)? A couple of dollars. Most girls sell clips around $10, and of that they get to keep apx $6 - $7. Our net income for the clips are around 25%-40%. We give better rates to the better performing studios, to keep them interested and using our platform.
Me and my roommate have been toying around with the idea of starting a pron site, I have around 30k saved up, Would that be enough to start a redtube-ish website? Also whats the most expensive part of building a porn site? I.E. Licences , hosting, hardware, Hiring someone to build the website. Nice! Good luck with it. It's a challenging industry. Things that would take 20 minutes on a normal business can take days in the adult industry. (finding a payment processor, for example)
A redtube-style site would be quite a challenge, financially, I think. Policing it could also be pretty difficult.
The most expensive part, for me since I did all of my own design and programming, was getting VISA/MC approval for a high risk account. VISA has a $1000 annual fee and MC has a $500 annual fee, at least through my payment processor. Fees are also ass-rapingly high.
You can make use of Amazon Web Services to lower costs substantially.
How much would you guess it would cost to design and program a video hosting website? Also how hard was it in the beginning to get studios to sell their clips on your site? If I calculated it in hours spent on it myself, looking at around 3 months, so we'll say 500 hours. I charge $65/h if I ever take on freelance clients, so looking at about $32000 for someone at my rate. I'm expensive because of my extensive experience, so you can probably get it done for less.
751 studios 19,138 videos Apx 5000 visits per day - A good number of which are sent directly from the studios to purchase on the site or send a tribute.
Can you give us a rough description of your architecture? What OS/Web servelanguage do you use... Do you use a CDN to serve up the videos or do you host them yourself? And what bits of AWS do you use? How many EC2 instances? The site itself runs on a single server, a VM actually. It runs PHP with CodeIgniter for the framework and MySQL as the database. I make extensive use of CodeIgniter's caching abilities. Once the video is safely on S3, the studios can complete the meta data, pricing, and choose when the video goes live. All the video previews and gifs are uploaded to S3 and served through AWS Cloudfront CDN.
Thanks for your AMA, I'm finding this very interesting. I'm a developer (.net) who is looking for a niche where I can start up my own business... I know I'm not going to get rich working for a someone else... Congrats to you for doing this, and being very successful! Thanks! I'm the same way. I couldn't see myself becoming wealthy as an employee, even though my last paying job as a developer was $135k salaried. I have an FTP server setup where the usernames and passwords are powered by MySQL. Each studio gets their own FTP login. I have a cronjob that will run every few minutes and pick up files that are finished uploading and send them to Amazon S3 after gathering some basic meta information.
Thanks for the replys, Its giving me a valuable insight. One more question, How many people do you have employed? And what are their roles? I have myself, a consultant (she gets a profit split), and an assistant. Other than that, everything is fully automated. I didn't want to have to spend all my time on the site, so everything but customer support is automated -- all the accounting is done through Xero's API and I even have a porn-specific accountant/CPA.
Of the 5000 visits per day, approx. how many actually purchase a clip? Are you able to track repeat purchases (do they have to make an account to buy)? Or do you track another way? A dozen orders, maybe 30 on a good day.
Thank you again for answering my questions. :) No problem. I'm an open book. Feel free to keep asking questions.
Wait, how does that add up? If the site is turning over $300+k, then it should be making $1000 of sales a day. If you are only selling 10-30 clips a day then they would need to cost $30-100 each. Unless there are other revenue streams (such as tributes) which I'm missing? Tributes are at least half of the business.
I'd say you're like an open book with a couple pages stuck shut. ;) slow clap
Double entendre.
That really doesn't add up. you said most of the girls sell their clips for $10, you get 25-40% of that and you sell 12-30 a day. Lets assume the average clips sell for $15 to be safe, and you get 35% of that - you get $5.25 per clip. If you sell 25 in a day, you earn $131. My math may be off -- It's hard to spitball an average price. Some days I don't even look at the numbers. Clips alone can sell between $200 - $600 a day. Tributes sometimes into the multiple thousands in a day.
Have you ever met some of the girls in the videos from the professional studios? If positive, have you done anythign whit said girl/s? I know a few of them personally, but have only met one of them -- the girl who convinced me to build the site. She sleeps in my bed when she's in town, but I don't make any moves. Not sure how I would react if she did.
It may be worth noting at this point that personally, I'm into good girls. Risque women or "bad girls" don't do it for me, generally speaking.
I kid. Relax. Nope. The entire site is completely automated. All I do is approve the invoices in our online accounting software and handle customer support, which takes maybe an hour a week. :)
I wanna make that much money to do nothing! Start a porn site. :)
For me, it made sense as a money generating asset requiring little effort beyond the initial build.
laughs Oh man, my kids would be so proud of me! Seriously though, good on ya for seizing an efficient opportunity when it came your way. I can't hate on that at all. Again, it goes back to money generating assets. Getting money for doing nothing is exactly what you should be aiming for if you want to make lots of money. I can't see myself becoming wealthy while working for someone else.
Again, it goes back to money generating assets. My 'plan' for this just came together recently. I work for myself in the web/internet marketing realm. Focusing on recurring income is very important to financial growth and stability. Even better, recurring income plus economies of scale = wealth. Agreed.
Wow. That last sentence is incredibly poignant. Sorry. :)
It's just the personal conclusion I reached while evaluating my life.
How does your website stand with data privacy? Do you you sell customer's data on to ad companies or do you only make money off of the porn movies? Although it's fairly common industry practice, I don't participate in it. It's odd, but I try to run my business as professionally as possible. No ads, no link exchanges, no share buttons, no privacy violations. Also, I treat my studios with respect as any normal business would to any partner of theirs. It's surprisingly easy to stand out in the porn business when you abide by those rules.
What types of porn will you not let on your site? Spanking, anything that says "forced" or "rape", even if its clearly labeled as theatrical. Obviously nothing illegal... and no "hypnosis". Those are restrictions VISA/MC places on me. I've considered taking bitcoin on the new platform, but now I'm going to wait and see how this senate hearing thing plays out.
What is hypnosis porn? You're getting horny. Verrry horny. Look into my swirly eyes. Give me your monies. Giiive me your moniiieees.
How did you get started in the biz? I've been building websites for fortune 500 companies for 15 years now. Several years ago I reconnected with a girl I knew from IRC who did "financial domination" clips and cam shows. A few years ago (3 or so) she began suggesting I build a clip site. After a few months of this, and running numbers on what potential profits could be, I decided to do it.
Who did you have to bang to get that job? I had to bang keys for 12 years to teach myself how to program. From there it's just about having enough fortitude to start a business, and even moreso with an adult business. There's a certain stigma involved. Most people know me as "the guy with the porn site".
Why are there "Like" buttons and share buttons on porn sites? I have no idea. Who would share the porn they're watching? Kind of a personal thing.
Do you ever get approached by angry moms or family members asking you to take down their loved ones from the site? Not yet.
Maybe a weird question, but do you have to do a lot in your day to day life or is it something on the background where you have a lot of time? I don't have to do much at all. The site runs itself. I answer between 1 and 3 customer support emails per day and approve payouts to the studios once a month.
Other than that, I spend my time on my other business ideas and websites. Or I'll just sleep all day... Whatever I want to do, really.
Thats the dream. And probably the only reason I run my site. :)
Ever thought of taking a second job? i mean with that less stuff to do you can add another job for more money. I could, but my freedom to build my own businesses means more to me than income. As long as I can pay my bills and have my freedom, then I'm good.
Not sure if you're still on, but you really inspire me. I'm shitty with computers, and I plan on majoring in computer sciences(moreso in networking) and just reading your replies gives me hope that someday I'll have enough experience to start my own business/build clientele. Thanks. I'm not a big porn fan or anything, it's just a way I found to make ends meet while I work on my real plan. :)
Have you noticed any issues with piracy? Occasionally. I've found most people who spend money on the site either don't want to share something they've paid for, or would have an incredibly difficult time doing so.
What I mean is, a good portion of our demographic are middle-eastern men proxying through misc servers all over the US. They'd have a rough time uploading clips to another site.
Interesting demographics. People living in the Middle East, or just from there? Living in the middle east. Places where this kind of content is more than banned.
Any idea if this is normal for other sites as well? From what I understand, it's common for clip sites, financial domination sites and religious fetish sites.
So you circumvent piracy by offering content to people who aren't likely to distribute it? Is that your business model or just a happy coincidence? I have to say I'm surprised a porn site could be profitable considering how much free stuff there is out there. Don't sites like YouPorn and RedTube bury you? Happy coincidence. They totally bury me in traffic. I've found a niche that works well, though.
Is it true all the talent is now moving from Cali due to the condom laws and going to Las Vegas? I haven't heard too much about it from inside the industry. We do have a good amount of studios in Las Vegas, Florida, and England.
England. How is the industry over here? Strong on the seller side. The buyer side is particularly weak.
What do you think about 3D porn and virtual reality porn? 3D Porn is interesting, as is VR. I'm more interested in network controlled adult toys. I think its the future.
Agree about the network controlled toys. Have there been any newer advancements in this area that you know of? Theres a few newer ones on the market... a his & hers USB powered vibrator set I recently discovered. It might have been on kickstarter. It wasn't related to my site, I just came across it online.
How many times have people in videos sued or tried to take any legal action against you? None.
My biggest competitor did threaten to sue me, though. And they've gone after my top studios, trying to get them to leave my site... slandering my business in the process.
Can you sue for defamation or slander? You can.
I don't need to lose in court, I just need to be lawyer-fee'd to death. :(
Since you've been doing this for only a couple of years and it has been so financially successful for you, have you considered branching out into different types of porn sites? Or is this "buy a clip" the best business model you have found? I wouldn't want to do other types. The buy content/sell subscriptions never really worked for me as a customer, and the redtube style sites don't work for me numbers-wise. I'm very anti-advertising, so I wouldn't want to rely on that as a source of revenue. My consultant has tried to get me to create a thumb-gallery style site, but I'm not fond of the idea.
We are working on a new platform, though, which will require customer accounts and lets them stream the videos they unlock through HTML5 video. We've also reorganized the new platform into fetish verticals so we can try to capitalize on that. Our current discovery process admittedly sucks. There's a lot of videos on our site that are in the dark.
Do you see free sites such as pornhub and redtube as a source of lost profit? I don't see them as a threat. Some of the studios do, though. I've been told my new platform shouldn't have the video previews I'm planning (20 seconds of footage), as guys "jack off to the previews". I think it's better for the customer, though.
What day see's the most traffic on your site? Historically, Tuesdays. No idea why. Sundays are the slowest, by far.
I have always wanted to put my skills as an interaction designer to good use, by simply creating such a site as yours, especially for mobile devices or wearables. Augmented r porn ftw. You wouldn't need an intro, per se, it just helps. You could take out advertising on popular sites in your micro-industry and get some studios coming in. You could also tweet the studios directly, as they watch their twitter pretty well (it's how a lot of them communicate with their "pay-piggies").
However getting the content has always been the biggest issue (even in the netherlands)... If you never have met this girl that initially gave you the idea to start this up, would you've managed? Or is it near impossible to get enough good content to get started, without good contacts and, lets say, about 30k in cash? I would not have built the site without my consultant. It took a considerable amount of nudging from her to get me to build the site.
I know which website is yours :P Other than the people uploading clips, how many employees do you have and what are their jobs? :)
Just myself and my consultant (she also runs a studio). I have another "employee" who is helping me on another endeavor with the same parent company, currently uncompensated, whom I referred to as my assistant in another answer similar to this. Don't tell her that, though. She's much more helpful than an assistant.
How does someone find a job (not even a career!) in this field? My talents are webdesign and html(5)/css3. But I also wouldn't mind filming / writing / even acting although I'm out of shape. I just like porn that much. That -- I have no idea. Sorry.
Tl;dr and question: In Britain certain extreme content is becoming potentially illegal and porn, especially of certain types, is being vilified by the government. 1) What personal rules do you observe in terms of content you allow? 2) Are there any censorship rules in America that do/could affect content you post of extreme porno, and how do you deal with them? 2) As far as I'm aware, there aren't many rules about it. I haven't been gifted with too many "extreme porn" studios, though, so that's been a blessing. It makes me quite a bit uncomfortable.
Wouldn't you make more money offering the clips for free and making money off ad revenue? Probably not. That would require massive traffic which is both expensive to attain and expensive to pay for the bandwidth. My customers come to the site looking to spend money, and they don't get any big video files until they've paid for them. Additionally, splitting revenue with the studios would be considerably more difficult.
How often do you fap? No more than the average reddit user.
So all the time? I may or may not be fapping right now.
How old are you? Do you see yourself doing this for the rest of your life? Generally it seems that being your own boss is your dream job, but what specifically would you most like to do as your primary source of income? Or does this not matter to you? I'm in my late 20s. I don't see myself doing this for the rest of my life, but this is a means to free up my time. My time is invaluable to me since I can spend it building businesses outside the adult arena.
It matters very much to me. I'm not a genius and I'm not a wonder child. I started below middle class. I've had to work 4x harder than a lot of the talented people in my industry. The important thing is that I understand this and I'm willing to put the work in.
"What I lack in talent, I make up for with raw tenacity." - Henry Rollins.
Is is awkward or embarrassing saying what you do to friends and family? What about in relationships? If I were making millions, I'd be a little less "embarrassed". It's not so much embarrassing, I just understand that in current society it's frowned upon. For example, if I were looking for a job, some companies may not hire me because of my site. Some girls wouldn't date me because of it. It really depends on the person I tell.
Are you considering retiring soon or do you really wanna see your site take off? I've gone back and forth on whether or not to finish the new platform, but its so cool from a technological standpoint. Plus, I'm sitting on 20,000 clips with full permission to sell -- how could I not make a better site and give it a real go?
Do you watch your own clips? For humor content, sometimes yes. Nothing like a gorgeous girl backing her ass up to the camera and ripping the LOUDEST, JUICIEST fart you can imagine. I have pulled stomach muscles laughing at some of the clips.
Other than that, the content doesn't really interest me.
What is your view on 'NoFap'? or furthermore, the emerging evidence that porn addiction is a widespread problem that is affecting thousands/millions of people? I wasn't aware of it. I don't really have an opinion? I think as with all things, moderation is key. A lot of people are addicted to alcohol, but nobody is shaming liquor stores. At the end of the day, nobody is responsible for you but yourself. Might be a Libertarian thing, though.
Working hard, or hardly working? :D. I see this, and I understand it.
Do you have a girlfriend or wife? What did they think of the idea? I don't. But quite a few girls know and don't really care.
What's the difference between a website like yours and websites like the nsfw version of youtube? My site sells clips. You buy a clip for a price, you download it and its yours to view over and over. We have a profit sharing split with the studios who produced the clip. We're essentially a video sales platform.
How does the whole licensing thing go? Just shoot an email to a porn studio and be like "hey can I use your videos on my website? You get 30% of the revenue (; (; (;" I've always wondered how this sort of stuff worked in the "entertainment" field. They have to sign up on my site. I send out 1099s to domestic studios at the end of the year.
How did you get started, what made you decide to run a porn site? I had a friend who urged me to make it (She runs a studio). After about a year of constantly asking, and the timing was right, we ran numbers and it looked doable.
Do you have a fav porn star? I don't really have any favorites. I prefer "good girls".
Hi, do you ever have any trouble getting developers and designers to work on an 'Adult' website? I've never tried.
Also, can you recommend an adult payment gateway provider? As for the payment gateway, I'd recommend Netbilling. They'll work with you to find a merchant account provider and a gateway partner (they don't sell direct).
Last updated: 2013-08-23 09:47 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

Selling: SteamBot ruby gem. Programatic access to accept or decline trade offers. Easy to use for beginner programmers. Flat rate, $2000.

Title pretty much says it all.
The source code is easy to read and well documented, can be implemented in a Rails application or run standalone with ruby.
Heres an example of how you might use my ruby gem to send a trade offer.
Comes with 6 months of free updates (starting at purchase date.)
Currently actively developed and integrated in a Ruby on Rails marketplace website.
Message me on here.
Serious inquiries only, I won't waste your time and I don't want you to waste mine.
$2000 flat rate. Any updates and all modifications are free for the first 6 months. After that $200 per month. BitCoin or Paypal (paypal prices may be a little higher to compensate for transaction fees)
Note
I haven't requested verification on this subreddit only because I am not willing to send my source code to anyone for free as I wrote it from scratch. You can add me on my level 10, eleven year old steam account though. Send me a message with your steam account link and I'll add you.
Other services
I'm also available for general web app development and infrastructure consulting or work. My toolbox is vast:
ruby, javascript , php, java, golang, OOP & FP, Ruby on Rails 3, AngularJS, Backbone.js, Require.js (AMD), Sencha Touch, PhoneGap, Sinatra, Rspec, MySQL, PostgreSQL, MongoDB, CouchDB, Redis, ubuntu / debian, centos / amazon linux, cloud computing, amazon web services (ec2, s3, etc), Agile development, JSON and AJAX, WebSockets, SOAP, Git, REST, SOA, API Design, chef-solo, munin, vagrant, Docker 
Also check out my PSA on why you shouldn't run a steambot on the same host as your webapp. If you're still not convinced that I might know a thing or two about a thing or two and that you should hire me for your bot, check this post :)
submitted by csgobotsale to SteamBotMarket [link] [comments]

Problems mining with Amazon

When I try to set up a miner through Amazon EC2 I keep getting "Requesting Spot Instance Failure". What am I doing wrong? I've looked through multiple guides, now mainly trying this one: http://grantammons.me/bitcoin/using-amazon-ec2-to-mine-dogecoin/
submitted by ICallItFutile to dogemining [link] [comments]

Bitcoin mining 2017 with AWS and Freebitcoin Amazon Web Services - Como crear una instancia en Amazon EC2 Bitcoin Miner Überblick (2019) - die Profitabelsten How to mine ProtoShares using Amazon AWS The best site to mining Bitcoin and earn $5000 a day

Covert Mining: Bitcoin and Amazon EC2. Christopher Pam . Follow. Aug 2, 2017 · 3 min read. Over the past couple of years, cryptocurrencies have become less of a fringe geek fad and more of a significant financial player. The price of Bitcoin alone has increased astronomically in the past 14 months, crossing the $500 USD level in May of 2016 and not looking back since. As of today, the spot ... Bitcoin Mining on Amazon EC2 This isn’t profitable; if you do this, stop after a while because you can get a better US Dollar to Bitcoin exchange rate basically anywhere else. You might think it’s a good idea to learn how to use Amazon EC2 at some point, especially with their big juicy GPU Computing instances. Amazon Cryptocurrency Mining: A Full Proof Guide To Get You Started With EC2; Amazon Cryptocurrency Mining: A Full Proof Guide To Get You Started With EC2. March 1st, 2019 When it comes to the investment world, cryptocurrencies are all the rage. If you are reading this article, you are probably less interested in the actual investment process behind crypto, and more interested in the idea of ... Bitcoin Mining with Amazon EC2. My curiosity got the better of me and I decided to start playing with Bitcoins, which inevitably led to mining and then using Amazon’s High Performance Computing EC2 instances to do the brunt of the work. It’s actually very easy to get up and running. Once you’ve found a mining pool — e.g. Slush’s or those listed on bitcointalk — you just need to ... Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Sign up to join this community . Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top Bitcoin . Home ; Questions ; Tags ; Users ; Unanswered ; Mining on Amazon EC2. Ask Question Asked 6 years, 6 months ago. Active 4 years, 1 ...

[index] [11303] [15927] [46657] [11721] [43881] [20185] [11841] [49599] [34964] [25318]

Bitcoin mining 2017 with AWS and Freebitcoin

👇 Die wichtigsten Kryptoseiten in der Beschreibung 👇 Heute stelle ich euch die besten Bitcoin Miner vor. Die Miner aus dem Video kaufen: https://miners.eu/?r... Noob's Guide To Bitcoin Mining - Super ... Amazon AWS Tutorial #1: Cloud Sysadmin - Your First EC2 Instance - Duration: 22:17. tutoriaLinux Recommended for you. 22:17. Ethereum Mining with GPU on ... Demonstration of how mining of ProtoShares (PTS) can be done using Amazon's cloud cluster. In this demo I am only using 32 cores and 60 GiB RAM, but I have used up to 96 cores and it works great! I do a walk through of mining Ethereum on Amazon AWS with a GPU instance Inside a Secret Chinese Bitcoin Mine ... Pyrit on amazon EC2 dual Tesla GPU instance - Duration: 6:14. RockTouching 12,387 views. 6:14. Dogecoin Mining Tutorial - Fast and Easy! - Duration: 10:32 ...

#