VCRYPT ALGORITHM Bitcoin Insider

CryptoCurrency Talk and Offers

News on Bitcoin, Monero, Ethereum, Litecoin and all the other cryptocurrencies in the market. Cryptocurrency mining, trading and news talk. Cryptocurrency giveaways, coin airdrops and similar is welcome if legitimate. No scam and non-stop spam.
[link]

Franko (FRK)

Franko is a high-value decentralized Internet currency that enables anyone in the world to recieve instant payment for goods and services.
[link]

[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 PYRK?

What is PYRK?
Greetings. 🤗 Today we will tell you about the PYRK project and about its features.
💡 PYRK is a privacy centric cryptographic currency based on the work of Bitcoin, Dash, and Digibyte.
📌 Built for the community, we've taken some of the best features of the top utility coins to create a new coin which launched on May 12th, 2020.
⚙️ PYRK’s improvements include triple algorithm Proof of Work with Multishield difficulty adjustment, Masternodes, Private Send, Community Fund Governance, and Simple Tokens based loosely on the Color Coins protocol.
🔹 PYRK has borrowed from DASH all the best features. Fast work speed. The ability to deploy masternodes and the ease of mining, and all this at very low fees.
🔹 Multishield is a "difficulty retargeting" method to maintain the "average" block timing, by automatically changing the complexity of mining on the network.
🔹 Thanks to the PYRK’s Triple Proof-of-Work algorithm, it is possible to mine on different algorithms, including SHA256, Scrypt, and X11. Thus, it is very unlikely for a single miner to attain 100% of the hash rate of a single algorithm.
🔹 In PYRK, anonymity is the cornerstone, so we use a technology called PrivateSend, originally developed by DASH. PrivateSend decentrally mixes all your coins with strangers, giving newly generated addresses, allowing you to maximize transaction privacy.
🔹 You can run a masternode. In PYRK Masternodes are all paid from generated block rewards. The Masternode rewards start at block 10,000 and the master node network receives 20% of the block reward.
📢 Read more about the PYRK project and why it is worth investing in on our website: https://pyrk.org/
https://preview.redd.it/vwty1esxlej51.png?width=1200&format=png&auto=webp&s=c168950275250eeb05eb65adafa6dced51bded5b
submitted by VS_community to pyrk [link] [comments]

ACIS-mining and its 3 best algorithms

ACIS-mining and its 3 best algorithms
Hello. 👋🏻 Today we will tell you about ACIS-mining and its 3 best algorithms.
📌 With the advent of ASICs for mining, it became possible to mine Bitcoin in much larger quantities than using video cards. ASIC is an integrated circuit specialized to solve a specific problem, in our case, only for bitcoin mining. These schemes are many times more profitable than video cards, because with more power (hash calculation speed) they consume much less energy. This served as a good reason to create a cryptocurrency mining business.
📌 In bitcoin and other blockchain systems, the complexity of mining depends on how quickly the miners find the block. Compared with the GPU and CPU, specialized #ASIC miners solve #PoW puzzles better and are therefore able to quickly find new blocks.
📌 Since PoW is still the preferred mining consensus mechanism, we propose to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: #SHA256, #Scrypt, and #X11.
🔹 The SHA-256 algorithm has a number of advantages over other information protection technologies. Over the years of use in the cryptocurrency industry, he has shown his resistance to various hacking attempts.
🔹 Scrypt is a cryptocurrency mining algorithm that was previously interesting to many single miners in view of its resistance to the so-called “hardware attack”. The speed of creating blocks in a Scrypt-based blockchain is about 30 seconds. The hashrate, like Ethash, is measured in Megahash per second. Scrypt, first of all, became popular due to its use in Litecoin #cryptocurrency.
🔹 X11 is an encryption algorithm in which eleven are used instead of one function. This means that this technology can provide a high degree of security, because in order to harm the system, an attacker will have to crack all 11 functions, which is very unlikely, because the changes made will be visible after breaking the first function, and developers will have a lot of time to protect the system before the hacker reaches the eleventh function.
Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining.
Read more about PYRK mining solutions here: https://www.pyrk.org
Read our Whitepaper to know more about the project:
https://www.pyrk.org/Pyrk-Whitepaper.pdf
https://preview.redd.it/rxmlr7wt1k251.png?width=1200&format=png&auto=webp&s=162f9ddaacb3cf3e137638464a208bdf25e50a21
submitted by VS_community to pyrk [link] [comments]

NENG v1.4.0 Released for Mobile Mining on android phones

NewEnglandcoin (NENG) 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.
NewEnglandcoin (NENG) is the first and only real mobile mining coin today that allows CPU mining on almost all android phones.
It is easy to set up and mine NENG in android phones for up to 2 million NENG per day when you idle the phone at night and stop/pause mining when you use the phone for daily drive.
To download android wallet files and read details of how it works, please check out our v1.4.0 release report at reddit:
https://www.reddit.com/NewEnglandCoin/
or bitcointalk ann page
submitted by honglu69 to ETNmining [link] [comments]

Mining: Weird Time to Start, a Good Time to Think

Mining: Weird Time to Start, a Good Time to Think
Well, it’s supposed to be an optimistic article about most promising mining cryptos, but then something happened. No one was too naive to believe that the events unfolded around the COVID-19 pandemic will not affect global markets, but the turbulence that occurred was very significant and, what is most sad, it is still very difficult to say how soon the situation will stabilize.
https://preview.redd.it/9xxheofluzp41.png?width=1024&format=png&auto=webp&s=cd8ca033faddf57ea041e82ceadee1037b8587f1
Many people were already bothered that crypto mining is becoming less profitable in 2020 and will be meaningless very soon, but even though big companies having bigger resources took over most of the industry, cryptocurrency mining using video cards remains available to common users and still has potential.
Despite, the volatility of the cryptocurrency market hashrate of the Bitcoin blockchain network yet remains almost at the same level and that is a quite positive sign. At the moment, the most reliable option seems to be to leave mining to large ASIC-farms and return when the stock panic subsides and the prospects will be clearer.
Although Bitcoin is still the most popular cryptocurrency on the market, every year the complexity of operations necessary for its production increases, and rewards fall (after halving in May 2020, we will talk about 6.25 BTC per block). For mining many altcoins, the threshold for entry is much lower, therefore it makes sense to look for a more profitable option among them.
But first, let’s try to understand a little what conditions we need for profitable mining.
There are several crucial aspects that determine how profitable mining will be. These are such obvious things as the price of the currency or the amount of reward for the generated block.
And this is the reason it is now very difficult to calculate the possible income. One way or another, the market price of altcoins depends on the position of bitcoin, which is experiencing bad times. For several months, the world of crypto mining has been preparing for the May halving, because the reduced supply led to a significant increase in prices. This time should not have been an exception, but now when bitcoin does not rise above $5500 and risks falling below $3500, we can only make vague guesses about its potential price in May. Many analysts tend to believe that closer to the middle of April, the negative effect of the crisis should be reduced, and positive expectations from halving and a large amount of cash from investors should have a positive impact on the price of bitcoin. Altcoins, as a rule, repeat the dynamics of the first cryptocurrency and will also continue their growth to historical highs in the year’s future.
Next, you should also pay attention to the complexity of mining because it affects the time and energy spent on generating the block. Do not forget about the cost of electricity in your region, as one extra-large bill can negate all your efforts to earn money on currency mining.
Do not forget about expenses on a mining rig and it’s amortisation.
In addition to the above, you should find out how practical the chosen currency is: whether it can be exchanged for fiat or more popular coins, what fees are charged by exchanges that work with it, and what reputation it has in general.
In order to avoid unpleasant mistakes, it is easier and more reliable to check the possible profit in one of the many calculators.

Best altcoins to mine in 2020

Monero is the currency with the highest anonymity rates, which stays attractive to many users and remains one of the strongest altcoins. The specific proof-of-work hashing algorithm does not allow ASIC-miners, so it is relatively easy to mine using personal computer’s processors and graphics cards. AMD graphic cards are preferable for this task, but NVidia suits as well. The current block reward is 2.47 XMR.
Litecoin is one of the oldest Bitcoin forks, but unlike it uses a different “Script” PoW algorithm which allows less powerful GPUs to mine coins. Litecoin is on the most popular, and successful Bitcoin forks and considered one of the most stable cryptocurrencies. Block mining reward is 12.5 LTC.
Ravencoin is another Bitcoin hardfork, and like Monero’s its X16R algorithm is practically unavailable for ASIC machines. Raven keeps gaining popularity for many reasons – it has faster block time, higher mining reward (5,000 RVN at the moment) and secure messaging system.
Dogecoin is not a joke anymore. Hard to believe, but this currency once made for fun, became one of the most valuable ones. Like Litecoin it uses Scrypt algorithm and great for mining with GPUs.
One more Bitcoin fork Bitcoin Gold was made specifically to kick out ASICs and clear the road for GPUs. It may not be the fastest-growing currency, but it is definitely one of the most stable.
That’s all for today. Stay safe, cause health is our most important asset.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
submitted by Stealthex_io to StealthEX [link] [comments]

Uniex.biz Review: 3%-7% daily for lifetime

Uniex.biz is an HYIP project which provides long term deposit plans. It has been online since 25th Jul 2019, and admin changed website template and investment plans three days ago. So what you see now is a completely new version. When this new version was online three days ago, admin began to promote it with more money on hyip monitors and blogs. Now let's see the details of it.
Started: 2019-07-25
Investment Plans
You have a chance to earn 3%-7% daily for lifetime, and principal is included. The minimum amount to buy power is 300 GH/s for SHA-256 algorithm, 20 MH/s for Scrypt algorithm and 3 MH/s for Ethash algorithm. Of course, the more power you buy, the more daily profit you will receive.
The minimum amount that you can transfer to your balance is set to be 0.001 BTC, 0.015 BCH, 0.03 ETH, 0.5 ETC, 0.1 LTC, 1500 Doge or 5 USD. Please keep in mind that if you send an amount that is less than the specified value, the transfer will not be credited to the balance. So be sure to reach the minimum amount. When replenish work is done, you can choose to "BUY THE POWER".
Referral Commissions(7%-1%)
Each mining power purchased by your direct partner (level 1 referral) will bring you 7% of its purchase amount. In addition, your tier 2 partners bring another 1% of each purchase. All rewards will be credited to the balance in the currency that was used for the purchase.
If you join under my link, then welcome to submit RCB request at the top of my website, I will give 7% of your deposits back to your wallet as soon as I receive the money.
Payment Options
Uniex.biz accepts Bitcoin, BitcoinCash, Ethereum, Eth Classic, Litecoin, Dogecoin, PerfectMoney and Payeer. You can use all of them to replenish account balance. In order to withdraw profits in USD, Uniex.biz implemented the function of exchanging the obtained cryptocurrency for USD. Enter the "Balance" section in your personal account and select the “Exchange” tab to exchange obtained currency for USD. Please note that the amount you can exchange must be equivalent to 0.10 USD or more. Exchange commission is 8%.
Withdrawal Type
Uniex has set a minimum withdrawal amount to be 0.001 BTC, 0.015 BCH, 0.03 ETH, 0.5 ETC, 0.1 LTC, 2000 Doge or 2.5 USD. Each user who invested in Uniex can order a withdrawal of profits as soon as the minimum amount reaches on his balance; The time for consideration of requests is up to 48 hours.
More Information
Uniex.biz now supports 12 languages, so you can choose the one which is suitable for you. For more news about it, you can follow their social media at the bottom of website, including Telegram, Twitter and Youtube.
Register: https://uniex.biz/?ref=YpvAG7
Read More: https://www.hyiper.net/blog/154.html
submitted by vipinvestor1988 to u/vipinvestor1988 [link] [comments]

[POOL] COINMINERZ.COM MULTI ALGO – PROP – 1% FEE – NO REGISTRATION – ASICBOOST – AUTO HOURLY PAYMENTS OVER 0.1 - FRIENDLY SUPPORT – STRATUM & WEBSITE DOS PROTECTION

Hi welcome to the CoinMinerz.com Reddit post! Please find below information on our pool and its current offerings. We hope that you will join us and have a happy mining experience :) We are always looking to grow our mining community and welcome any feedback so we can improve our services for our miners. Happy to get coin addition requests and help out the wider crypto community where we can!
Features:
Multi Algo/Coin Pool – PROP Payment System – 1% Fee – No Registration – ASICBoost enabled on all SHA256 pools – Auto Hourly Payments over 0.1 - Friendly & Fast Support via email and Discord – Stratum & Website DOS Protection – Protected by Cloudflare – High difficulty Mining Rig Rentals & Nicehash friendly – Stats auto update across the site – Variable Difficulty Stratums – SSL – Dedicated Coin Pool Pages – Pool News & Updates page – Segregated stratum/web and payment services for each coin to minimize downtime – Payouts are in the currency being mined – Support legacy and new address types – Worker name support and dashboard for each wallet address to track workers.
Algorithms Supported:
SHA256 / Scrypt / X11 / Lyra2v3 / Equihash / ZHash / X16rv2

Coins Supported:
Auroracoin (AUR) – Scrypt (XX46)
Axe (AXE) – X11 (XX59)
Bitcoin (BTC) – SHA256 (XX33) – ASICBoost Enabled
BitcoinAtom (BCA) – SHA256 (XX54) – ASICBoost Enabled
BitcoinCash (BCA) – SHA256 (XX34) – ASICBoost Enabled
BitcoinGold (BTG) – Equihash 144,5/ZHASH (XX44)
BitcoinSV (BSV) – SHA256 (XX64) – ASICBoost Enabled
Cannabiscoin (CANN) – X11 (XX51)
Dash (DASH) – X11 (XX40)
Deutsche eMark (DEM) – SHA256 (XX39) – ASICBoost Enabled
Digibyte (DGB) – Scrypt (XX57)
Digibyte (DGB) –SHA256 (XX37) – ASICBoost Enabled
Dogecoin (DOGE) – Scrypt (XX63)
Einsteinium (EMC) – Scrypt (XX43)
EUNO – (EUNO) – X11 (XX58)
Flo – (FLO) – Scrypt (XX52)
GameCredits (GAME) – Scrypt (XX42)
Hanacoin (HANA) – Lyra2v3 (XX55)
Horizen (ZEN) – Equihash (XX60)
Litecoin (LTC) – Scrypt (XX35)
LitecoinCash (LCC) – SHA256 (XX49) – ASICBoost Enabled
LitecoinPlus (LCP) – Scrypt (XX38)
Mincoin (MNC) – Scrypt (XX53)
Peercoin (PEER) – SHA256 (XX36) – ASICBoost Enabled
Ravencoin (RVN) – X16rv2 (XX61)
Verge (XVG) – Scrypt (XX41)
Vertcoin (VTC) – Lyra2v3 (XX50)
ZCash (ZEC) – Equihash (XX56)

Stratum Addresses & Ports:
stratum+tcp://stratum.coinminerz.com:33XX – Normal mining rigs & GPU’s etc
stratum+tcp://stratum.coinminerz.com:35XX – Mining Rig Rentals / Nicehash etc

Example normal and cloud mining stratum connections for Litecoin:
stratum+tcp://stratum.coinminerz.com:3335
stratum+tcp://stratum.coinminerz.com:3535

Stratum Difficulties:
Scrypt 33XX Port Vardiff = 0.1 - 9999999 | Scrypt 35XX Port Vardiff = 500001 - 9999999
SHA256 33XX Port Vardiff = 0.1 - 9999999 | SHA256 35XX Port Vardiff = 500001 - 9999999
X11 33XX Port Vardiff = 0.1 - 9999999 | X11 35XX Port Vardiff = 32 - 9999999
Lyra2v3 33XX Port Vardiff = 0.1 - 9999999 | Lyra2v3 35XX Port Vardiff = 64 - 9999999
Equihash 33XX Port Vardiff = 0.01 - 9999999 | Equihash 35XX Port Vardiff = 65535 - 9999999
Zhash 33XX Port Vardiff = 0.01 - 9999999 | Zhash 35XX Port Vardiff = 1025 - 9999999
X16rv2 33XX Port Vardiff = 1 - 9999999 | X16rv2 35XX Port Vardiff = 9 - 9999999

Get started here:
https://coinminerz.com/go (Coins, Algos, Addresses, Ports and Difficulty)

Frequently asked questions:
https://coinminerz.com/faqs

Pool Terms and Conditions:
https://coinminerz.com/terms

Mining Support Info:
[email protected]
https://discord.gg/ksnQFPT

Social Feeds:
https://twitter.com/coinminerz
https://www.facebook.com/coinminerz

Thanks!
Kind Regards,
CoinMinerz.com
submitted by coinminerzcom to u/coinminerzcom [link] [comments]

Dogecoin: The Meme That Turned Into A Cryptocurrency With A $300 Million Market Cap, An Important Portal To The Crypto Space

Dogecoin: The Meme That Turned Into A Cryptocurrency With A $300 Million Market Cap, An Important Portal To The Crypto Space
http://www.cypherpunklabs.com/dogecoin-the-meme-that-turned-into-a-cryptocurrency-with-a-300-million-market-cap-an-important-portal-to-the-crypto-space/
Dogecoin (DOGE), a cryptocurrency which now has a market cap of over $300 million, and at one point a market cap in excess of $2 billion, traces its origins back to a Japanese kindergarten teacher who posted pictures of her Shiba Inu in February 2010. There was one particular picture where the Shiba Inu was glaring sideways with raised eyebrows, and for some reason this picture has a similar allure as the Mona Lisa. The picture leaves it open for interpretation as to what the Shiba Inu is thinking, and people began plastering words all over the picture to indicate the dog’s thoughts. This meme was then nicknamed the doge.

https://preview.redd.it/o5a3qeyoxmk31.png?width=500&format=png&auto=webp&s=2d34893576658da1e88576d001c8a40371e65ffd
By 2013 the doge had become a full fledged viral internet sensation, and this simultaneously coincided with the rise of alternative cryptocurrencies. In 2009 the first cryptocurrency, Bitcoin, was released. Around 2013, and perhaps a little before then, people began to fork Bitcoin’s code and create all sorts of alternative cryptocurrencies.
Billy Markus, a programmer from Oregon, decided to create a cryptocurrency that would be more fun and reach a wider audience than Bitcoin. Markus teamed up with Jackson Palmer, a marketer for Adobe Systems, and they made this new fun cryptocurrency a reality. They chose the doge meme as the basis for their cryptocurrency, since it was quite popular at the time, and also adopted the algorithm from Luckycoin, where the block rewards are random like a lottery, unlike the fixed Bitcoin block rewards. Luckycoin derived its code from Litecoin, which is the #1 Scrypt cryptocurrency, and Litecoin itself is a derivation of Bitcoin.
Also importantly, Dogecoin’s Scrypt algorithm made it so miners had a low barrier to entry. Bitcoin mining had already become so competitive that only people with specialized and expensive equipment could realistically mine Bitcoin, whereas Dogecoin could be successfully mined with a GPU or even a CPU on a regular computer. This means anyone interested could easily start mining Dogecoin without spending money on mining rigs.
Further, despite being based on a meme, Dogecoin is decentralized, which puts it ahead of most of the alternative cryptocurrencies. Dogecoin has no premine and no initial coin offering (ICO), meaning all Dogecoins in circulation were distributed via mining, and the market is less prone to centralized dumping. Dogecoin uses the proof of work (PoW) algorithm which ensures the network is decentralized as well, rather than more centralized options like proof of stake (PoS).
Dogecoin launched at the exact right time to ride the dual waves of the doge meme’s popularity and the popularity of new alternative cryptocurrencies, and less than two months after launch Dogecoin had become a major cryptocurrency with a market cap in excess of $60 million.
After that, Dogecoin continued to be quite popular for a couple of reasons. As originally intended, Dogecoin ended up being a fun cryptocurrency, and a community developed around Dogecoin, especially on the Dogecoin subreddit. People began to tip each other Dogecoin constantly, especially since there were on the order of 100 billion Dogecoins, as compared to a maximum supply of only 21 million Bitcoins. This means that someone could easily tip hundreds or thousands of Dogecoins since it is not very expensive, while it is simultaneously exciting.
The general Dogecoin culture of tipping and generosity attracted many new users who had never been involved with cryptocurrency before. Newbies would first start accumulating Dogecoin tips, and then within the community they would learn how to accumulate even more Dogecoin by mining, and this represented a launching point where such users could go on to dive into the rest of the crypto space.
That is the reason why Dogecoin is still a major cryptocurrency to this day and will likely be a major cryptocurrency for the foreseeable future. The Dogecoin community is welcoming, generous, fun, and insightful. Essentially, Dogecoin is an important portal for the crypto space.
submitted by turtlecane to dogecoin [link] [comments]

What is cryptocurrency halving

What is cryptocurrency halving

https://preview.redd.it/nzm9ms8g67741.png?width=900&format=png&auto=webp&s=14073c6b2d08e09f4d57dc35a7d5ff3ae54a771a
Cryptocurrency halving is a process in which the reward value for each mined transaction block is halved. The halving ensures that the crypto asset will follow a stable emission rate until its maximum supply is reached.
Halving plays an important role in cryptocurrencies based on the Proof-of-Work (PoW) consensus algorithm. It is a fundamental factor that inevitably has an effect on the price of the cryptocurrency. In addition, halving significantly affects the interests of miners, since their profit depends on it.
In this article we would like to consider the most famous coins which are waiting for halving in the near future.

Zcash

Zcash (ZEC) is in the top 50 of the biggest cryptocurrencies in the world now. The first block was mined at the end of 2016, so the first halving will take place at the end of 2020. You can follow Zcash halving countdown here.
Currently every miner gets 12.5 ZEC per block. But each 4-year period (or 840,000 mined blocks) the volume of ZEC production is halved (from 12.5 to 6.25 to 3.125 to 1.5625, etc.).
Early investors put $3 million to fund the Zcash creation. In return for that money they agreed that the investors would receive a small fraction of the Electric Coin Company’s equity along with a slice of the Founder’s Rewards coins. At the moment the activities of ECC are sponsored by a network commission. 20% of the commission goes to the development of the project but in a year the developers will stop receiving their share from the extraction of digital coins. It will be possible to measure the impact of this factor on the Zcash price next year.

Litecoin

Litecoin (LTC) was created in 2011 by former Google employee Charlie Lee. Despite the fact that the coin isn’t new, this asset is still quite popular and has the 6th largest capitalization now.
https://preview.redd.it/1g5gpztl67741.jpg?width=1200&format=pjpg&auto=webp&s=210b8d4c1f886dd0cd327f0471ac9179ef0f1048
LTC was based on the Bitcoin software code. However, there are several significant differences between these two cryptocurrencies. For example, unlike Bitcoin, Litecoin is based on the Scrypt hash algorithm, not SHA-256. The main difference between the Scrypt hash algorithm and SHA-256: the more powerful software is needed for the Scrypt hash algorithm. That’s why LTC mining is more profitable.
In addition, LTC block production time is 2.5 minutes, which is 4 times faster than BTC. Therefore, transactions on the Litecoin network are much faster than Bitcoin. There is the Litecoin Halving History:
  • Litecoin Halving on August 8th, 2015. The amount of the reward for mining was reduced from 50 to 25 LTC. The first halving happened after 840,000 blocks. By then 50% of LTC (42 million LTC) was mined.
  • Litecoin Halving on August 5th, 2019. The amount of the reward for mining was reduced from 25 to 12.5 LTC. The second halving happened after 1,680,000 blocks. By that time 75% of LTC (63 million LTC) was mined. Due to the growth in trading volumes, the coin pumped more than 10% breaking the line of $ 100.
  • The next Litecoin halving is expected to be on August 3rd, 2023. By that moment 252,000,000 blocks will have been unraveled and 73.5 million LTC will have been mined. If you want to follow Litecoin halving countdown, tap here.

Bitcoin

Bitcoin’s total supply is limited to 21,000,000 BTC. In this regard, Bitcoin is a deflationary asset.
When Bitcoin was created, the reward for the block was 50 BTC, which means the miner could receive 50 BTC coins every 10 minutes. This was at a time when miners used ordinary laptops and Bitcoin cost a few cents.
https://preview.redd.it/0nmeyssp67741.jpg?width=640&format=pjpg&auto=webp&s=eea8492b90887aa7db445e9f5db2c7978437dcc1
Since the creation of the genesis block the Bitcoin halving has happened twice:
  • November 28th, 2012 – the reward decreased from 50 BTC to 25 BTC. Three months before halving, the price of Bitcoin increased by 18%, and 90 days after this event – by 141%.
  • July 9th, 2016 – the reward decreased from 25 BTC to 12.5 BTC. Within 90 days before the second halving the Bitcoin’s price increased by 54%. However, mining income has not recovered to its previous values. This could be due to the high competition between the miners, which led to a significant increase in the complexity of Bitcoin mining.
  • The third Bitcoin halving will happen in 2020. Then the reward for the found block will be reduced from 12.5 to 6.25 BTC. Halving will be repeated every 4 years until the last Bitcoin is mined. It is about to happen in 2140. You can follow the Bitcoin halving countdown here.
According to analysts, before the first halving, which occurred in November 2012, the price of Bitcoin was $ 2.55. And a year after this event it grew to $ 1,037. Curiously, after that, the cryptocurrency fell almost four times, to $ 268. However, after the second halving, BTC not only returned to $ 1,037 but also overcame this level 2.5 times: Bitcoin went up to $ 2,525 in July 2017.
Cryptoanalysts note that the growth of cryptocurrency is always affected by halving. The cryptocurrencies rates usually start to grow closer to the date of halving. This theory is illustrated by the situation with BTC which price rose significantly before every halving.

Feel free to follow our updates and news on Twitter, Facebook, Telegram and BitcoinTalk. Read what the customers say about SimpleSwap on Trustpilot. Don’t hesitate to contact us with any questions you may have via [[email protected].](mailto:[email protected])
submitted by SimpleSwapExchange to CryptoBeginners [link] [comments]

Beginner's Guide: Where to start & FAQ!

New Flair Rule

We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

Scam Warning

Hey guys. There have been numerous scammers lately who have been private messaging redditors. Their goal is for you to send Litecoins to their address. So far, they've followed the same writing template. It looks something like this: https://imgur.com/0UZczuz
If someone is telling you to send to a Litecoin address they are providing, DON'T. They're trying to steal your Litecoins. If you're not sure, read the wealth of knowledge below or comment below and I will eventually get to you.

Welcome to /Litecoin!

(Re-post of u/Sparkswont cuz it was archived)
Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
 

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.
So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Still confused? Take a look at this video!
 

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Exchange
Coinbase USD/Euro/GBP
Quadrigacx CAD
Coinsquare CAD
Bithump KRW
OKCoin Euro/Yen/USD
OKex CNY
Btcmarkets.net AUD
Bitso MXN
Zebpay INR
 

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.
Some other options are:
Wallet
Electrum Lightweight Wallet
Official Core Wallet
LiteVault Secure Web Wallet
Paper Wallet Instructions
 
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
 
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Wallet
Ledger
Trezor
Keepkey
 

Where can I spend Litecoin?

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC.
Here are also several of our favorite merchants accepting Litecoin.
 

Where can I discuss Litecoin?

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
Platform
Reddit
Litecoin Markets Subreddit
Discord
Official Forum
IRC
 

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
submitted by ecurrencyhodler to litecoin [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]

Do Bitcoin sidechains spell the doom of alts?

http://www.reddit.com/Bitcoin/comments/22na59/sidechains_the_coming_death_of_altcoins_and/
I'm trying to understand why the discussion with Dr. Adam Back on the latest Let's Talk Bitcoin episode has turned into, "The sky is falling" on altcoins like Litecoin. I don't have a complete understanding of the sidechain concept...but in my way of thinking, isn't one of the biggest benefits of something like Litecoin that it's a completely separate network infrastructure, with a totally different algorithm securing its blockchain? I can't understand (other than some Bitcoiners' desire to see all altcoins disappear and only Bitcoin remain) why anyone would say this would kill alts, because I don't think the benefit of having an alternative network and blockchain is negated by Bitcoin sidechains. As I said, though, I don't have a complete understanding of the concept and so I'm hoping to see some opinions. I'd be especially interested in what Coblee would say on the subject.
submitted by FreeJack2k2 to litecoin [link] [comments]

Proposal to switch to SHA-3 proof of work

https://github.com/aeonix/aeon/issues/103

I believe now is the right time for Aeon to become ASIC friendly by switching to SHA-3 PoW (the most recent Secure Hashing Algorithm standardized by NIST). Below I'll try to explain why:

There is no such thing as ASIC resistant PoW.

Whether someone creates an ASIC or not is not determined by how technologically difficult it is to do so, but how economically sensible it is to do so; i.e., when a coin gets more adopted and the price rises, ASICs will appear no matter what.
Below is a quote from Bitcoin StackExchange which makes a good point:
It's not really "someone figured out" how to mine on FPGAs or ASICs: an intelligent first year undergraduate could port SHA256 from C to Verilog. It's more that it began to make economic sense. ASICs in particular require a big enough up-front investment that you need economies of scale. – Peter Taylor Nov 9 '17 at 23:27
https://bitcoin.stackexchange.com/questions/62336/why-did-satoshi-design-bitcoin-to-be-mineable-only-on-specialized-hardware-if-t#comment71658_62339
For every supposedly ASIC resistant PoW (scrypt, CryptoNight etc), ASICs have been created at some point when the coin became sufficiently large. An often seen argument is "CryptoNight was good at resisting ASICs because it survived the first 3 years without ASICs being developed", which I disagree. CryptoNight ASICs weren't created for the first 3 years simply because the market was too small; it wasn't worthwhile to develop CryptoNight ASICs.
Currently RandomX is receiving a lot of attention as being (almost) truly ASIC resistant by making PoW even more complex, but from the past experience and from logical reasoning, I have no reason to believe so.

Importance of protocol stability:

As a coin gets more widely adopted (and the price goes up), there will be more participants in the network (users, exchanges, merchants, pools, etc), which makes it more difficult to do hard forks (i.e. to force everyone to upgrade their software). Monero's 6 month fork schedule is already becoming almost unworkable due to the sheer network size, and I think they'll be forced to change this policy rather soon.
Imagine a hypothetical future where one particular crypto coin becomes a globally adopted world currency. That coin cannot do hard forks every so often; maybe once every two years is already too much. Ideally, at some point, the protocol should become absolutely stable and require no more hard forks at all.
With this in mind, I immediately see ASIC resistance being incompatible with this future, because hard forks (PoW changes) are rather frequently needed due to ASICs getting created faster and faster as the coin grows. ASIC resistance cannot be a sane strategy for a winning cryptocurrency.

Importance of switching now:

Going from ASIC resistant to ASIC friendly is such a radical change, and a strong opposition is naturally expected from many of the community members who have been supporting ASIC resistance. A compromise solution suggested by u/smooth_xmr is to adopt CryptonightR which Monero will switch to in the next upcoming hard fork. I think the reasoning is that CN-R is expected to be somewhat better at resisting ASICs and not much more computationally expensive than the previous CN variants (unlike RandomX), so we can wait and see how successful this will be before going full ASIC friendly.
Initially I felt OK with it, but I became unsatisfied after a while of thinking for these reasons:

Arguments for ASIC resistance and their counterarguments:

SHA-3 is the perfect way for Aeon to differentiate itself from Monero.

This change is radical but not stupid. Many people in the Monero community would be curious how things will play out for SHA-3 Aeon. This will surely also attract a lot of attention from the wider crypto community because Aeon will be the first CryptoNote coin that deployed SHA-3. I believe this is a very good opportunity for marketing as well.

Please discuss.
submitted by stoffu to Aeon [link] [comments]

[FULOOSCOIN] Welcome to our Community and everything you need to know in a few minutes.

What is Fuloos Coin and why should we use it?

Fuloos Coin is an open-source digital currency, allowing merchants and users across the globe to send transactions fast and with low fees. We officially released Fuloos Coin on December 1st, 2017.
We are the next digital currency that uses the Scrypt Algorithm to allow users to transact their funds fast and with low fees across the world without delays with the ability to stake your coins to earn interest on your funds.
Fuloos Coin has grown a lot since we started in 2017, reaching other 20,000+ members supporting the community and the development team for the future of the Fuloos making us the most affordable cryptocurrencie for merchants and users around the world making it easier to pay for services, friends or employees with almost instant transactions.
Our main infrastructure is backed by multiple dedicated nodes to insure our network never goes down and allowing users to use Fuloos Coin any time of the day providing a secure and reliable environment for merchants with no downtime what's so ever.

Where can I buy Fuloos Coins?

Here's a list of the current exchange platforms that allow you to trade FLS with different cryptocurrencies:
We are hoping to be listed on many more exchanges over the coming weeks to improve the accessibility of purchasing coins and daily trading for Fuloos.
Any other questions regarding this? Please, contact one of the team members in one of the social chats we provide.

What is staking?

Staking also known as Proof-of-Stake or POS, is the ability for Fuloos Coin holders to earn interest on their funds with our inbuilt stake-miner into our desktop wallets which allows our network to run smoothly with our community support by validating transactions or by mining blocks just by keeping your wallet open.
For example, if I had 1000 Fuloos Coin's and if the transaction's dates have been longer than seven days, I could potentially earn 0.85 Fuloos Coin's every 10 minutes.
Technical Specifications:
If you would like to know more information about staking your funds, you can use our own calculator to find out how much you can earn.
Proof-of-Stake Calculator

Where can I store my coins?

There are several options on places to store your coins, starting from the exchange platforms which have inner wallets like Stocks.Exchange. However, the most secure way to store your coins is to keep it in outside wallets. Here’s a list of wallet options to store your coins:
Choose the best option that is suitable for you and don’t feel shy to ask us for help when setting up your wallet. Please, understand that your wallet is a source where you store your funds. Take it seriously, use all the available protection methods (backups, 2FA, complicated passwords).

Are there any local communities presented in my native language?

Definitely, Fuloos Coin is a cryptocurrencie with supporters all over the world. Be the first one to hear news in your native language and meet other users in our community!
You can see our community managers via our official team page on our website and also can ask questions in our chats to speak one of the community managers directly, if you have any suggestions for the Fuloos Team or your local community.

Can I use Fuloos Coin as a payment method? Is it possible to spend the coins in a store, shop, hotel, etc.?

Of course, you can purchase items or buy goods/services using Fuloos. We are currently working on our new merchant platform which will allow online store owners to accept Fuloos easily using a created plugin by our development team.
Popular E-commerce Platforms will be supported:
If you are a developer and would like to help create service or integrate Fuloos into your own website, you can use the created PHP Class created by LiteSpeed to make it easier to install and use, there will also be a c++ version released soon for programs integration.
https://github.com/LiteSpeedDev/FuloosRPC/

Social Links & Community Chats.

Following our social media and joining our community chats will allow you to keep up to date with the Fuloos Development and News relating to Fuloos Partners and Announcements.
The Fuloos team is glad to welcome every new user into our community. Join our family to be a part of one of the most prospective cryptocurrencies and enjoy it!
Yours truly,
LiteSpeed, CryptoKnight & the Fuloos Team.
submitted by Fuloos to Fuloos [link] [comments]

Monumental AIOMiner Update v8.4 - Mine the most profitable currencies on 74+ Algorithms (1000+ coins) while paying 0% Fees, now with free Online Rig Monitoring for your entire farm!

Hi Everyone!

We’re excited to be able to call AIOMiner, the best miner on the planet!
 
First of all, thank you so much for all of your support over this past year! Your constant suggestions in Discord have helped make AIOMiner what it is today and we are endlessly grateful!  
If you haven’t yet, here are some quick links to get involved with AIOMiner:

Humble Beginnings

If you’re not familiar with AIOMiner, we were born right here on /gpumining. Almost exactly one year ago, xixspiderxix became frustrated with the lack of functionality, ugliness, and the high difficulty required to get started with the already existing miners. Originally, he was just going to make it for himself to enhance his own mining experience, but others started asking for access to the software, suggesting new features, and helping him improve. So, he opened it up to the public for free and AIOMiner was born. And to this day, we maintain our promise that mining with AIOMiner will always be free. You can read more about it here, but let’s get to the good stuff!
 

What’s New in AIOMiner?

We now have remote rig monitoring and control through our website! We’ve just enabled the AIOMiner application to connect to the AIOMiner website through an API and fixed some bugs. If you’ve never used AIOMiner before, here are some of the features you can expect on the software side of things:
 
The biggest part of the update is a full rebuild of AIOMiner.com. We're bringing you remote control of your rigs via the AIOMiner website so you can stop paying for services, like Teamviewer, and manage all of your rigs from anywhere you have an internet connection!
 
Here's what you can expect from AIOMiner.com:
Whew! That's a lot, but believe it or not... we're just getting started! We still have plenty planned to maximize your rig efficiency, control, and profitability.
 

All of my favorite miners?

If not all of them, then certainly a good chunk of your favorites and we make sure they are updated daily!

74 Algorithms? Prove it!

takes deep breath
  1. Ethash
  2. CryptoNightHeavy
  3. PHI1612
  4. Zhash
  5. CryptoNightSaber
  6. Lyra2REv2
  7. NeoScrypt
  8. Phi2
  9. CryptoNightV8
  10. TimeTravel10 (BitCore)
  11. x16r
  12. CryptoNightV7
  13. Lyra2z
  14. Hex
  15. Xevan
  16. ProgPoW
  17. 1927-genesis
  18. Geek
  19. Aergo
  20. BCD
  21. Sonoa
  22. Bytom
  23. Renesis
  24. SolidtySha3
  25. CryptoNight-Lite
  26. Aeriumx
  27. Zhash_zel
  28. Zhash_BTG
  29. Zhash_Snow
  30. Zhash_Zcash
  31. Zhash_Safe
  32. Zhash_ltz
  33. x16s
  34. Allium
  35. Zero
  36. Tribus
  37. x14
  38. c11
  39. Darkcoin-mod
  40. Pascal
  41. Blake14r
  42. Vanilla
  43. Blake
  44. Groestl
  45. Skein
  46. Myriad-groestl
  47. Keecakc
  48. Polytimos
  49. Whirpool
  50. Lbry
  51. Jha
  52. Skunk
  53. Phi
  54. Keccak
  55. Sib
  56. Blake2b
  57. Nist5
  58. Veltor
  59. Blakecoin
  60. Blake2s
  61. HSR
  62. x11evo
  63. TimeTravel
  64. Equihash
  65. x17
  66. x17gost
  67. CryptoNight
  68. CryptoNightRTO
  69. CryptoNightXAO
  70. CryptoNightMSR
  71. CryptoNightXTL
  72. CryptoNightLightv0
  73. CryptoNightLightv1
  74. CryptoNightHaven
Q: How many cryptocurrencies does that cover?
A: ¯\(ツ)/¯ We stopped counting when we reached 1,000.

Is it safe?

Of course, but don't take it from us! Here's a 3rd party analysis on the software:
https://www.hybrid-analysis.com/sample/e8f518e55783a853659938ed1c25f441acf5c8cf2e7730ce3135f2dd231759b2?environmentId=120

What's Free Hash Friday?

Every week we put on an event called Free Hash Friday, and don’t call the DEA because we're not giving away weed! Maybe Canada can help you with that, but here's the general rundown for Free Hash Friday:  
The AIOMiner team sends out a tweet every week with directions in an image, such as this one.  
Follow the directions in the tweet where it says "To Win" with the arrows. Once you've completed those three steps, your twitter handle will be inputted into a spreadsheet (that is shared with the public) and you'll be assigned a number in the order that you're inputted.  
You have until 8pm US Pacific Time (GMT -7) to enter. At 8pm, the spreadsheet will be updated one final time and the drawing will begin immediately in the AIOMiner discord channel.  
You'll notice on the spreadsheet that you have a number next to your twitter handle. We have a bender bot that is able to generate a random number given the upper and lower limit. If your number is the randomly generated number, you win!  
Typically we pair with a coin, as you can see, who puts up some to giveaway and we have multiple winners. If we don't have a coin to give away, The AIOMiner team will simply start mining on behalf of the winner for 24 hours and mine any gpu-mineable coin of their choice.  
And that's pretty much it! So, follow our twitter and be on the lookout for the next Free Hash Friday!
 

What else should I know about AIOMiner?

We are fully committed to keeping mining free for everyone, but it does cost some money to keep the servers up and running. So, we're planning on releasing some "premium" features in the near future that will take the mining experience to the next level. Until December 1st, we will allow users to donate/purchase a lifetime premium account. With this account you will gain access to AIOMiner and all of the premium features that we release as well as any future product we make for free. This is only for a limited time, so if you're in the mining game for the long haul, it is definitely worth it. After December 1st, we will open up the premium features on a membership/monthly subscription basis. So, get it while it's hot!
 
Other than that, enjoy the software, enjoy the giveaways and come participate in the community:
 
Thank you again to everyone who has helped make AIOMiner what it is today!
 
Happy Mining,
-The AIOMiner Team
Edit: When releasing the new website, Google's Crawler flagged us as experiencing a hostile takeover and as a result, you may get a message warning of malicious content. We checked everything and there is no malware or malicious software on aiominer.com. We are actively working with Google to get this resolved as quickly as we can!
submitted by AIOMiner to gpumining [link] [comments]

Debunking myths about mining and GPUs

E: Going to bed, will contribute more tomorrow. Thanks for the discussion!
Myth: Mining is more stressful than gaming. Fact: It depends. During the old days, this was plausible, because older GPUs (Pre-polaris) are/were bottlenecked by core clock when mining the most profitable coins. Thus, miners overclocked and overvolted these cards quite frequently, especially with cheap electricity. This meant that those cards were often run hot, pushing the limits and stressing VRM and fans quite a lot. Nowadays, ethash (Ethereum) is the most profitable algorithm for AMD cards 99% of the time, and newer GPUs (Polaris) are limited by memory bandwidth and latency. Miners can underclock core to the low 1100MHz range before seeing performance drop. To save power, miners who know what they are doing also undervolt, since it is no longer necessary to sustain a high core clock. Thus, it is quite feasible to run polaris cards below 70C at a reasonable fan speed. However, dual mining (mining more than one coin at once) does increase power consumption by up to 20%, and there are also idiots who run their polaris cards OCd while mining. With the exception of a few idiots, miners treat their Polaris GPUs pretty much the same; that is, running underclocked and undervolted 24/7 with a memory strap mod and mem OC. On the other hand, former gaming cards are highly variable in use cases. Some gamers leave their cards at stock settings, some undervolt, and some OC and/or overvolt. Most of the time, these cards are thermal cycled far more often than mining cards, which is known to weaken solder. Another thing to consider is that manufacturers have learned (somewhat) from their mistakes of putting shit tier fans in GPUs, and many fans on modern GPUs are ball bearing and/or swappable. Even some budget cards, such as MSI Armor, use decent ball bearing fans. Bottom line: the risk of buying mined Polaris cards is not as high as the risk of buying older mined cards. I would not be against buying mined polaris cards, but it's not necessarily better than buying a gamer's card instead. At the end of the day, it depends more on how the owner treated it than what they used it for.
Myth: GPUs are obsolete because of FPGAs and ASICs Fact: Mostly false. Older algorithms such as scrypt and SHA256 (lite/doge/feathebitcoin etc) are no longer feasible to mine with GPUs, but there have been multiple algorithms since then that are built to deter ASICs; most of the time it is done by making it memory-hard because designing an ASIC with high memory throughput is considerably more expensive to design and manufacture. Many devs prefer their blockchain to be ASIC resistant to avoid the concentration of power problem that Bitcoin is having nowadays, where a giant, near-monopolistic ASIC manufacturer (Bitmain) is causing a lot of (subjective) controversy. Blockchains based on ethash (Ethereum and its forks), equihash (Zcash and its forks) and cryptonight (Monero and forks) are some examples, but there are scores of other shitcoins and a few other algos that are GPU dominant. It is almost impossible that there will be another ASIC takeover, which is what was responsible for the stop in GPU demand in the bitcoin and litecoin days. Bottom line: ASICs no longer threaten GPU miners, or the demand for GPUs
Myth: Ethereum switching to Proof of Stake will kill mining soon Fact: Doomsayers have been preaching about proof of stake since late 2015. It has always been "coming soon." The fact is, the Ethereum roadmap goes from proof of work (mining) -> Casper (mining + PoS) -> Metropolis (PoS). Currently, the release date of Casper is not even announced yet, nor is it being tested in a (public) testnet. Proof of Stake might one day take over, but mining is here to stay for a while yet. Another thing to consider is that there are tons of other GPU mineable blockchains, and although Ethereum is biggest, it is certainly feasible that mining stays profitable even after Ethereum goes PoS (if it ever does). However, it is possible that profits will be low enough to discourage new miners. Bottom line: It's very unlikely. E: I screwed up the roadmap; here is a better source than me with some interesting information: https://www.ethnews.com/ethereums-vitalik-buterin-gives-keynote-on-metropolis
Myth: The current Ethereum demand spike is a bubble Opinion: Honestly, I don't know. I would not be surprised if stricter regulations on ICOs come sooner or later, which would fuck with Ether prices. There is also the inherent volatility of cryptocurrencies. However, it is also possible that blockchain technology continues to gain traction; that is, the price could just as easily go up as go down. Although it's fun to read about other people's opinions, only time-travelling wizards can tell you when it will become economical again to upgrade your poor HD5770. Bottom line: No one knows.
Myth: Miners will "steal" all the RX Vegas Fact: Only a reckless miner would buy Vegas on release, since mining performance is not known. In fact, it is possible that it can't mine at all (or at some stupidly low speed) until devs add support to existing miners. It would be even more reckless than gamers who buy without seeing benchmarks, since at least gamers can expect the games to actually run. It's also not necessarily the case that Vega will be good once miners do add support. Maybe there will be enough reckless miners to affect supply, maybe not. Of course, it is possible that miners will deplete the supply after it is demonstrated that Vega is good for mining. Bottom line: Most miners won't preorder, but it's possible that a significant number will. E: Important to remember that even if mining demand isn't high, doesn't mean that supply will be plentiful.
Myth: Nvidia cards SUCK at mining Fact: Mostly false. They USED to suck in the old pre-Maxwell days, but now they are actually more efficient at mining Ethereum and Zcash compared to AMD cards, even after both cards are undervolted. The flipside is that they (used to) cost more for the equivalent hashrate. For reference, my old 5xRX470 rig drew just under 800W when mining ETH only and hashed at 150MH/s. My current 6xGTX1060 rig draws just over half of that (<450W) and hashes at about 135MH/s. Certainly not as good in raw performance, but they are viable nonetheless, especially given the AMD GPU shortage. In fact, Nvidia cards (1060 and especially 1070) are becoming scarce as well. Bottom line: Nvidia is still the underdog when it comes to mining, but far from irrelevant nowadays.
Myth: 4GB cards will be obsolete for mining soon Fact: FALSE. The Ethereum DAG is not even 3GB yet, and won't be for a few months. The recent reports of 4GB Polaris cards slowing down soon due to DAG size is caused by limited TLB capacity, not VRAM restrictions. Polaris cards will still be able to mine ETH forks such as Expanse and UBIQ without diminished speed, and even if they are used to mine ETH, it is not that much of a performance hit at first. It would certainly not make polaris useless or undesirable for mining anytime soon. Tahiti GPUs already suffer from this issue and Hawaii is the most resistant to this issue. Have not benched Nvidia at a later epoch.
Myth: Creating miner-bashing posts on Reddit will help alleviate the GPU supply problem Fact: False, you are simply giving cryptocurrencies and mining more exposure to the general public, increasing demand.
Myth: Mining-specific GPUs will solve the shortage problems Opinion: There's not enough info to tell yet, but I am a skeptic for the following reasons. First, no display limits the resale value of the card for obvious reasons. IMO, the whole point of crypto mining from a profitability standpoint is to have a hedge against coin volatility (hardware is still worth something if the coin crashes). Otherwise it is much less effort to just buy and hold the coin. If the hardware is useless without demand from other (significant) sources, then it doesn't make much sense to buy it unless the price is extremely low. I'm sure that cost-downing the PCB and warranty will make for a cheap card, but it has to be extremely cheap and plentiful in supply, or else miners will buy whatever they can get. I could envision "failed" chips (not meeting spec of consumer editions) being stuck in miner cards, but I doubt there are enough to meet demand without ramping up production as a whole, which carries its own risks. I guess that it would help a little, but probably not solve the problems. Alternatively, since modern GPUs are bottlenecked by RAM when mining, it might be enticing to miners to have the fastest (GDDR5) RAM on the market (probably the 9gbps chips from the 1060 6G 9gbps edition, although I don't have one to test). However, my previous points still apply; buying such a card without display outputs carries a big risk. Bottom line: It's not a great idea, unless they are super cheap or use really good RAM.
Hope this helped; if you have any further questions I will try to answer them. I'm both a gamer and miner who uses both AMD and Nvidia roughly equally and don't favor one group over another. I've mined and gamed on all high end AMD GPUs since Tahiti (except Tonga) and all Pascal cards except 1050ti.
submitted by key_smash to Amd [link] [comments]

EOT - Encryption of things

 **EOT - Encryption of things** 
There is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk.
[b]Some examples where encryption plays a role:
[b]Secure messaging - To make messages truly secure we need a process whereby a cryptography can be applied to encrypt transaction.
[b]Secure calling - Secure calling is a process whereby the caller and the recipient of the call are identified and linked via a blockchain enabled cryptocurrency transfer, again creating public and private encryption keys making the call truly private.
[b]Secure media storage - To safely and securely store media a process is required where 1.) Access to the media is encrypted via public and private keys of the person wanting to store the media. 2.) The media itself needs to be encrypted with a set of encryption keys and 3.) Media storage costs need to be paid via cryptocurrency
[b]Secure browsing - To browse the internet securely we need to create a process of verification whereby nodes on the blockchain can verify websites as “safe”. Furthermore, the entire process needs to be encrypted as well.
[b]Verification - This is one of the most important uses of a blockchain, we can verify websites as in the example above but also various other things such as identity, title and ownership, date stamps and source of products as with the verification of the source of agricultural or other products. These are just a few examples. All of this data needs to be encrypted as well.
[b]“Smart home” security - Wi-Fi is often used for remote monitoring and control. Home devices, when remotely monitored and controlled via the Internet, are an important constituent of the Internet of Things - all needing encryption, otherwise, hackers paradise.
[b]EOT in the future - The examples we mentioned above are only “scratching the surface” of where these technologies are applicable and who knows what will be invented in future. Google, Apple and Uber are all testing cars that drive themselves. A major issue with this technology is again the security aspect and the need to protect against hacking and who want’s to get into a spaceship to Mars that might be hacked or hijacked by ransomware?
So the future for the [b]“Encryption of Things” – EOT, looks very interesting indeed and the role of crypto currencies in this will be major.
Read the full white paper here - http://eottoken.com/index.php/whitepape
The first device using EOT Coin is the BitVault®[/b] - the World's first crypto communicator and blockchain phone. The BitVault is a revolutionary new product that is built around security and privacy enabled through Blockchain technology. Biometric Security enabled through fingerprint and iris scan. Iris patterns are unique to you and are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private. Proven Biometric technology brings a whole new level of security to your crypto currency and blockchain transactions. Creating Military grade security for your device through third party independent Multilayer security.
September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet(Achived)
October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing (First batch shipped)
November 2017 – BitVault® Global App Store launches for developers to develop their own applications (Achived)
November 2017 – Website EOT Payment Gateway for WordPress and WooCommerce (ACHIVED)
December 2017 – Cryptodoc stores all your documents securely and encrypted on your PC
December 2017 – Password Wallet stores all your passwords for applications and websites encrypted on your PC January 2018 – Smart Router for secure, encrypted internet which is direct, safe and easy
January 2018 – EOT Camera, an Encryption of Things connected camera
February 2018 – EOT Development Kit for hardware devices
EOT payment gateway live on swissbankinyourpocket.com, Now you can buy SBIYP and BitVault using EOT coins
More on the BitVault here:- https://swissbankinyourpocket.com/bitvault/]https://swissbankinyourpocket.com/bitvault/ https://swissbankinyourpocket.com/bitvault-apps/]https://swissbankinyourpocket.com/bitvault-apps/ https://bitcointalk.org/index.php?topic=2152534.0]https://bitcointalk.org/index.php?topic=2152534.0
JOIN US ON REDDIT : http://www.reddit.com/EncryptionOfThings]www.reddit.com/EncryptionOfThings JOIN US ON SLACK : [url=https://join.slack.com/t/eot-coin/shared_invite/enQtMjc3NzkxNzY5NzQ0LTFjMWI5NTJjOGEzYjU5ZDk0ZjRjZWE3MzBkNmI0MmQ2NTUzMTBkOGQ1YmEyNTllMmNiYzA3MGZjOGVmY2IyZGU
The EOT Token is trading on the Waves Platform, TOKENS are 1:1 image of EOT coins, EOT coins can be converted to tokens and vice versa using gateway service in SBIYP hardware wallet. if you do not have that hardware wallet, you can contact members on slack who have purchased SBIYP to do that swap for you.
TOKEN DETAILS
Name : EOT Token (Verified)
Identifier : GdnNbe6E3txF63gv3rxhpfxytTJtG7ZYyHAvWWrrEbK5
Total supply : 100,000,000
EOT token (EOT) markets added on the Tidex Exchange https://tidex.com/exchange/eot/btc https://tidex.com/exchange/eot/waves
EOT Coin details (currently minable)
https://github.com/EmbeddedDownloads/EOTCoin
windows wallet[/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v1.0.0.1/EOTCoin-win.exe
windows Desktop wallet[/b] https://github.com/EmbeddedDownloads/EOT-Coin-Windows-Desktop-Wallet/releases/download/1.0/EOTCoinDesktopWallet1-0.zip
MAC Wallet [/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v1.0.0.1/EOTCOIN-Qt-OSX-v1001.dmg
WEB wallet [/b] http://eot.digital (Closing, please withdraw your coins)
ANDROID wallet [/b] https://github.com/EmbeddedDownloads/EOTAndroidWallet/releases
Block Explorer [/b] http://www.eot.digital:3622/
Block Explorer 2 [/b] http://www.eotcoin.info (created by [b]@Luanptit[/b])
[Block reward [/b] 100 Coins, [b] ALGORITHM [/b] SCRYPT, [b] BLOCK TIME [/b] 90 seconds
MINING POOLS
Official mining pool [/b] http://www.eot.digital:3001/ Getting Started [/b] minerd -a scrypt -o stratum+tcp://www.eot.digital:3256 -u WalletAddressWhereYouWantYourMiningCoins -p 1
unofficial Mining pools http://www.altminer.net
http://antminepool.com
http://coinminers.net/
http://www.vivocryptopool.com
[red]Currently EOT is traded on WAVES DEX, Crypto-Bridge DEX and TIDEX. Big exchanges will be available soon, exchanges are in comkmunication.
Opportunities are available with EOT - from Development, Mining, Trading as well as other business opportunities built around the EOT currency and the "Encryption of Things"
[size=34px]Bitvault on Yahoo Finance https://finance.yahoo.com/news/bitvault-worlds-first-blockchain-phone-201600279.html [/size] [center][img width=770]https://i.imgur.com/UMIlRoC.png[/img][/center]
[center][size=30px]Press release 4th October 2017 [/size] [size=30px]yahoo Finance https://finance.yahoo.com/news/bitvault-announces-london-launch-161000826.html?soc_src=community&soc_trk=tw [img]https://i.imgur.com/mBDZnN7.png[/img]
Some Helpful Information
[quote author=Story777 link=topic=2091616.msg21890405#msg21890405 date=1505551168]
You have been keeping a great secret.
I've been doing a bit of research with the technology behind this coin. It looks like ALOT of research has gone into this tech, since about 2004 and shortly after a patent for this P2P system was quickly issued.
Bitvault (https://swissbankinyourpocket.com/product/bitvault/) who are using the worlds first blockchain phone as a secure communication device and ultimately taking [font=Verdana][b]encryption[/b][/font] to the Internet Of Things (IoT) keeping our personal and business data secure. All this is done using [b]EOT coin [/b](Encryption of Things).
In todays world insecure devices are rampant. Here are a couple of links about the CIA being able to use insecure devices to 'cause accidents' http://www.sandiegouniontribune.com/news/cyber-life/sd-me-wikileaks-cia-20170307-story.html and https://www.washingtonpost.com/news/innovations/wp/2017/03/08/what-we-know-about-car-hacking-the-cia-and-those-wikileaks-claims/
It's scary to think a legal entity could posses such power over life. Just the mere fact alone the governing authority can request phone records (e.g. txt msgs, voice msgs or eavesdropping) proves most if not all telecommunication companies do not encrypt, otherwise whats the point on requesting the information!? (legal or not).
Commercially sensitive information needs to be protected and most importantly in my opinion our [font=Verdana][b]rights[/b][/font] and the privacy of all citizens of the human race need to be protected.
From my understanding BitVault is a platform for reference data. This would be data that is stored for compliance reasons such as e-mails, invoicing systems and check imaging (e.g. high quality imaging for x-rays, MRI scans etc) and a prototype was developed in 2004. This would means massive amount of data storage is required with fail-safe systems so a authorised user could access this information very very quickly.
Three goals were needed to be achieved: Low cost, high reliability/availability and simplicity. This is the birth of Bitvault via EOT.
Bitvault ultimately stores immutable objects with each new version being updated and identified with a 160-bit key.
System stability is very important and must be immune to failure sequences. Parallel repair via indexing is one of the many strengths Bitvault has been able to demonstrate.
BitVault is a back-end system that uses [u][b]Applications[/b][/u] to catalog object ID's. Using a catalog utility and indexing within an application prevented scalability bottlenecking under heavy loads.
Fast forward 3 years to 2007 a very important decision was to [u][b]decentralise[/b][/u] BitVaults system. This in my opinion is one of the fundamental principles of cryptocurrency - [u][b]No one entity or person has any control of the data stored and only the authorised user can access this info[/b][/u]. Ultimate Security and thus personal safety (see above articles CIA hacks). BitVault using applications have been able to use provable communication and data storage with ease of retrieval with vital security measures.
BitVault is not alone in researching solutions for security for the IoT, such as Venti and the like are making progress, however, BitVault is 'head and shoulders' above the few competitors and are already offering practical working solutions on the market with huge scalability that is cost effective.
Well Done BitVault, well done EOT your secret is out and let the world embrace.
author=Story777 link=topic=2091616.msg21462424#msg21462424 date=1504428317]
I have had a response in Slack and it has satisfied my questions. Thank-you.
For everyone information here it is:
The currency was created with 200 Million EOT total supply on 7 July 2017 [ we showed it to the community a London Fintech week with the demonstration of the BitVault - fintechweek.com ]
100 Million was pre-mined and another 100 Million are currently being mined, 1 block every 90 seconds @ 100 coins per block.
So the pre-mined coins were listed on waves as a token so that it can create a market for the coins while we are working to get listed on other exchanges.
The 100 Million coins listed were distributed in several ways. Firstly, this was not an ICO because our business is already funded via private capital. We wanted to get the currency distributed a widely as possible. So most of the initial coins were given away to a number of interested parties. We distributed this to our whole development team, business partners, employees as well as to the waves and other communities. So we did not sell all these coins for the current price, most of it was given away for free to people that have an interest in our products and business. The price now is formed by whoever owns these coins.
The tokens on the exchange is really a representation of the currency and as such has value because it can be interchanged, just like Bitcoin and Ethereum are on the waves exchange. This whole process is explained on page 4 of the waves whitepaper, I think they call it an asset-to-asset exchange which makes it possible to list any asset that exist on waves. Unfortunately waves only has gateways currently for Bitcoin, Ethereum, Waves, Euro and USD, so we have to develop our own gateway, which will be available on Nov 1.
So to clarify 100,000,000 tokens costing $190M were not sold. It is a combination of airdrops, private sales and sales on the exchange.
Some EOT coins are needed because: "A lot of EOT will be distributed through our devices. For example our encrypted routers are pre-loaded with EOT, so we need that stock and it will be distributed that way".
And with the response to tokens on the Waves Exchange "This is how Bitcoin works on waves: - They created 21 Million BTC Tokens.. When you deposit Bitcoin into waves account, you receive an equal amount of tokens which you can either trade or even sent via the waves blockchain to another user.. Once you withdraw your tokens are exchanged for BTC and you receive it back into your BTC wallet.. Exactly the same for USD or EUR - You don't send Euro's to another client on waves if you transfer - you send a token that represents EUR -- This works exactly the w0083".
These are the answers I was looking for and make a lot of sense now. This is indeed an exciting project. :)
It's time to trade....
Now I have one question left....
Is there anyone using NiceHash to mine this coin?? I keep being disconnected because of the difficulty being too low. Can any one help?
[quote author=Shews link=topic=2091616.msg22876983#msg22876983 date=1507755312] EOT (coin) is now tradable on the CryptoBridge Decentralised Exchange, you can sign up below.
Please note this is for the EOT COIN ONLY, do not send tokens to this dex. This is a secure means to trade with the backend being on a blockchain. It is still in beta stage but has been working flawlessly so far. If you'd like more info I will post their website link is below.
https://wallet.crypto-bridge.org/?r=388691
You can sign up with a local wallet mode, meaning you are the only one with access to your keys, this is most secure. There is also the option to sign up with and account if you require access to you funds on the go.
More info:
https://crypto-bridge.org/
submitted by johningreece to crypto_currency [link] [comments]

Basics of Litecoin (LTC) | Best Litecoin Wallets

Litecoin is the first peer-to-peer open-sourced altcoin supporting decentralisation. Released in 2011, this crypto was designed with the intent of having a coin that is better than Bitcoin. Even if Litecoin and Bitcoin are very similar, there are several distinct differences between them, for instance:
Litecoin has been in the crypto market for some time now and has garnered popularity as well, being the sixth largest crypto. The reason behind this is due to its simplicity, stability, faster and cheaper (almost zero cost) transactions, etc. People interested in investing or trading Litecoin can do so, but the most important thing to keep in mind is that before indulging in cryptocurrency, do thorough research as the crypto market is highly volatile and trade at your own risk.
Now, there's no point in investing in Litecoin if you cannot keep them safe. And in order to do that, you need to have the safest possible wallet that will ensure your crypto's safety. Some of the best wallets to do so are:
  1. Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
  2. Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
  3. Guarda - When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallet. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
  4. Some other wallets that support LTC are Jaxx, Exodus, LoafWallet, Electrum LTC, LiteAddress, LiteVault, LitecoinCore, etc.
submitted by cs_moderator to coinswitch [link] [comments]

Decred Journal — May 2018

Note: New Reddit look may not highlight links. See old look here. A copy is hosted on GitHub for better reading experience. Check it out, contains photo of the month! Also on Medium

Development

dcrd: Significant optimization in signature hash calculation, bloom filters support was removed, 2x faster startup thanks to in-memory full block index, multipeer work advancing, stronger protection against majority hashpower attacks. Additionally, code refactoring and cleanup, code and test infrastructure improvements.
In dcrd and dcrwallet developers have been experimenting with new modular dependency and versioning schemes using vgo. @orthomind is seeking feedback for his work on reproducible builds.
Decrediton: 1.2.1 bugfix release, work on SPV has started, chart additions are in progress. Further simplification of the staking process is in the pipeline (slack).
Politeia: new command line tool to interact with Politeia API, general development is ongoing. Help with testing will soon be welcome: this issue sets out a test plan, join #politeia to follow progress and participate in testing.
dcrdata: work ongoing on improved design, adding more charts and improving Insight API support.
Android: design work advancing.
Decred's own DNS seeder (dcrseeder) was released. It is written in Go and it properly supports service bit filtering, which will allow SPV nodes to find full nodes that support compact filters.
Ticket splitting service by @matheusd entered beta and demonstrated an 11-way split on mainnet. Help with testing is much appreciated, please join #ticket_splitting to participate in splits, but check this doc to learn about the risks. Reddit discussion here.
Trezor support is expected to land in their next firmware update.
Decred is now supported by Riemann, a toolbox from James Prestwich to construct transactions for many UTXO-based chains from human-readable strings.
Atomic swap with Ethereum on testnet was demonstrated at Blockspot Conference LATAM.
Two new faces were added to contributors page.
Dev activity stats for May: 238 active PRs, 195 master commits, 32,831 added and 22,280 deleted lines spread across 8 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: rapid growth from ~4,000 TH/s at the beginning of the month to ~15,000 at the end with new all time high of 17,949. Interesting dynamic in hashrate distribution across mining pools: coinmine.pl share went down from 55% to 25% while F2Pool up from 2% to 44%. [Note: as of June 6, the hashrate continues to rise and has already passed 22,000 TH/s]
Staking: 30-day average ticket price is 91.3 DCR (+0.8), stake participation is 46.9% (+0.8%) with 3.68 million DCR locked (+0.15). Min price was 85.56. On May 11 ticket price surged to 96.99, staying elevated for longer than usual after such a pump. Locked DCR peaked at 47.17%. jet_user on reddit suggested that the DCR for these tickets likely came from a miner with significant hashrate.
Nodes: there are 226 public listening and 405 normal nodes per dcred.eu. Version distribution: 45% on v1.2.0 (up from 24% last month), 39% on v1.1.2, 15% on v1.1.0 and 1% running outdaded versions.

ASICs

Obelisk team posted an update. Current hashrate estimate of DCR1 is 1200 GH/s at 500 W and may still change. The chips came back at 40% the speed of the simulated results, it is still unknown why. Batch 1 units may get delayed 1-2 weeks past June 30. See discussions on decred and on siacoin.
@SiaBillionaire estimated that 7940 DCR1 units were sold in Batches 1-5, while Lynmar13 shared his projections of DCR1 profitability (reddit).
A new Chinese miner for pre-order was noticed by our Telegram group. Woodpecker WB2 specs 1.5 TH/s at 1200 W, costs 15,000 CNY (~2,340 USD) and the initial 150 units are expected to ship on Aug 15. (pow8.comtranslated)
Another new miner is iBelink DSM6T: 6 TH/s at 2100 W costing $6,300 (ibelink.co). Shipping starts from June 5. Some concerns and links were posted in these two threads.

Integrations

A new mining pool is available now: altpool.net. It uses PPLNS model and takes 1% fee.
Another infrastructure addition is tokensmart.io, a newly audited stake pool with 0.8% fee. There are a total of 14 stake pools now.
Exchange integrations:
OpenBazaar released an update that allows one to trade cryptocurrencies, including DCR.
@i2Rav from i2trading is now offering two sided OTC market liquidity on DCUSD in #trading channel.
Paytomat, payments solution for point of sale and e-commerce, integrated Decred. (missed in April issue)
CoinPayments, a payment processor supporting Decred, developed an integration with @Shopify that allows connected merchants to accept cryptocurrencies in exchange for goods.

Adoption

New merchants:
An update from VotoLegal:
michae2xl: Voto Legal: CEO Thiago Rondon of Appcívico, has already been contacted by 800 politicians and negotiations have started with four pre-candidates for the presidency (slack, source tweet)
Blockfolio rolled out Signal Beta with Decred in the list. Users who own or watch a coin will automatically receive updates pushed by project teams. Nice to see this Journal made it to the screenshot!
Placeholder Ventures announced that Decred is their first public investment. Their Investment Thesis is a clear and well researched overview of Decred. Among other great points it noted the less obvious benefit of not doing an ICO:
By choosing not to pre-sell coins to speculators, the financial rewards from Decred’s growth most favor those who work for the network.
Alex Evans, a cryptoeconomics researcher who recently joined Placeholder, posted his 13-page Decred Network Analysis.

Marketing

@Dustorf published March–April survey results (pdf). It analyzes 166 responses and has lots of interesting data. Just an example:
"I own DECRED because I saw a YouTube video with DECRED Jesus and after seeing it I was sold."
May targeted advertising report released. Reach @timhebel for full version.
PiedPiperCoin hired our advisors.
More creative promos by @jackliv3r: Contributing, Stake Now, The Splitting, Forbidden Exchange, Atomic Swaps.
Reminder: Stakey has his own Twitter account where he tweets about his antics and pours scorn on the holders of expired tickets.
"Autonomy" coin sculpture is available at sigmasixdesign.com.

Events

BitConf in Sao Paulo, Brazil. Jake Yocom-Piatt presented "Decentralized Central Banking". Note the mini stakey on one of the photos. (articletranslated, photos: 1 2 album)
Wicked Crypto Meetup in Warsaw, Poland. (video, photos: 1 2)
Decred Polska Meetup in Katowice, Poland. First known Decred Cake. (photos: 1 2)
Austin Hispanic Hackers Meetup in Austin, USA.
Consensus 2018 in New York, USA. See videos in the Media section. Select photos: booth, escort, crew, moon boots, giant stakey. Many other photos and mentions were posted on Twitter. One tweet summarized Decred pretty well:
One project that stands out at #Consensus2018 is @decredproject. Not annoying. Real tech. Humble team. #BUIDL is strong with them. (@PallerJohn)
Token Summit in New York, USA. @cburniske and @jmonegro from Placeholder talked "Governance and Cryptoeconomics" and spoke highly of Decred. (twitter coverage: 1 2, video, video (from 32 min))
Campus Party in Bahia, Brazil. João Ferreira aka @girino and Gabriel @Rhama were introducing Decred, talking about governance and teaching to perform atomic swaps. (photos)
Decred was introduced to the delegates from Shanghai's Caohejing Hi-Tech Park, organized by @ybfventures.
Second Decred meetup in Hangzhou, China. (photos)
Madison Blockchain in Madison, USA. "Lots of in-depth questions. The Q&A lasted longer than the presentation!". (photo)
Blockspot Conference Latam in Sao Paulo, Brazil. (photos: 1, 2)
Upcoming events:
There is a community initiative by @vj to organize information related to events in a repository. Jump in #event_planning channel to contribute.

Media

Decred scored B (top 3) in Weiss Ratings and A- (top 8) in Darpal Rating.
Chinese institute is developing another rating system for blockchains. First round included Decred (translated). Upon release Decred ranked 26. For context, Bitcoin ranked 13.
Articles:
Audios:
Videos:

Community Discussions

Community stats: Twitter 39,118 (+742), Reddit 8,167 (+277), Slack 5,658 (+160). Difference is between May 5 and May 31.
Reddit highlights: transparent up/down voting on Politeia, combining LN and atomic swaps, minimum viable superorganism, the controversial debate on Decred contractor model (people wondered about true motives behind the thread), tx size and fees discussion, hard moderation case, impact of ASICs on price, another "Why Decred?" thread with another excellent pitch by solar, fee analysis showing how ticket price algorithm change was controversial with ~100x cut in miner profits, impact of ticket splitting on ticket price, recommendations on promoting Decred, security against double spends and custom voting policies.
@R3VoLuT1OneR posted a preview of a proposal from his company for Decred to offer scholarships for students.
dcrtrader gained a couple of new moderators, weekly automatic threads were reconfigured to monthly and empty threads were removed. Currently most trading talk happens on #trading and some leaks to decred. A separate trading sub offers some advantages: unlimited trading talk, broad range of allowed topics, free speech and transparent moderation, in addition to standard reddit threaded discussion, permanent history and search.
Forum: potential social attacks on Decred.
Slack: the #governance channel created last month has seen many intelligent conversations on topics including: finite attention of decision makers, why stakeholders can make good decisions (opposed to a common narrative than only developers are capable of making good decisions), proposal funding and contractor pre-qualification, Cardano and Dash treasuries, quadratic voting, equality of outcome vs equality of opportunity, and much more.
One particularly important issue being discussed is the growing number of posts arguing that on-chain governance and coin voting is bad. Just a few examples from Twitter: Decred is solving an imagined problem (decent response by @jm_buirski), we convince ourselves that we need governance and ticket price algo vote was not controversial, on-chain governance hurts node operators and it is too early for it, it robs node operators of their role, crypto risks being captured by the wealthy, it is a huge threat to the whole public blockchain space, coin holders should not own the blockchain.
Some responses were posted here and here on Twitter, as well as this article by Noah Pierau.

Markets

The month of May has seen Decred earn some much deserved attention in the markets. DCR started the month around 0.009 BTC and finished around 0.0125 with interim high of 0.0165 on Bittrex. In USD terms it started around $81 and finished around $92, temporarily rising to $118. During a period in which most altcoins suffered, Decred has performed well; rising from rank #45 to #30 on Coinmarketcap.
The addition of a much awaited KRW pair on Upbit saw the price briefly double on some exchanges. This pair opens up direct DCR to fiat trading in one of the largest cryptocurrency markets in the world.
An update from @i2Rav:
We have begun trading DCR in large volume daily. The interest around DCR has really started to grow in terms of OTC quote requests. More and more customers are asking about trading it.
Like in previous month, Decred scores high by "% down from ATH" indicator being #2 on onchainfx as of June 6.

Relevant External

David Vorick (@taek) published lots of insights into the world of ASIC manufacturing (reddit). Bitmain replied.
Bitmain released an ASIC for Equihash (archived), an algorithm thought to be somewhat ASIC-resistant 2 years ago.
Three pure PoW coins were attacked this month, one attempting to be ASIC resistant. This shows the importance of Decred's PoS layer that exerts control over miners and allows Decred to welcome ASIC miners for more PoW security without sacrificing sovereignty to them.
Upbit was raided over suspected fraud and put under investigation. Following news reported no illicit activity was found and suggested and raid was premature and damaged trust in local exchanges.
Circle, the new owner of Poloniex, announced a USD-backed stablecoin and Bitmain partnership. The plan is to make USDC available as a primary market on Poloniex. More details in the FAQ.
Poloniex announced lower trading fees.
Bittrex plans to offer USD trading pairs.
@sumiflow made good progress on correcting Decred market cap on several sites:
speaking of market cap, I got it corrected on coingecko, cryptocompare, and worldcoinindex onchainfx, livecoinwatch, and cryptoindex.co said they would update it about a month ago but haven't yet I messaged coinlib.io today but haven't got a response yet coinmarketcap refused to correct it until they can verify certain funds have moved from dev wallets which is most likely forever unknowable (slack)

About This Issue

Some source links point to Slack messages. Although Slack hides history older than ~5 days, you can read individual messages if you paste the message link into chat with yourself. Digging the full conversation is hard but possible. The history of all channels bridged to Matrix is saved in Matrix. Therefore it is possible to dig history in Matrix if you know the timestamp of the first message. Slack links encode the timestamp: https://decred.slack.com/archives/C5H9Z63AA/p1525528370000062 => 1525528370 => 2018-05-05 13:52:50.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Your feedback is precious. You can post on GitHub, comment on Reddit or message us in #writers_room channel.
Credits (Slack names, alphabetical order): bee, Richard-Red, snr01 and solar.
submitted by jet_user to decred [link] [comments]

Beginner's Guide: Where to start & FAQ!

Welcome to /Litecoin!

Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
 

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.
So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Still confused? Take a look at this video!
 

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Exchange
Coinbase
Kraken
247Exchange
Bittrex
Quadrigacx
 

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.
Some other options are:
Wallet
Electrum Lightweight Wallet
Official Core Wallet
LiteVault Secure Web Wallet
Paper Wallet Generator
 
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin community member, losh11, this mobile wallet works great!
 
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Wallet
Ledger
Trezor
Keepkey
 

Where can I spend Litecoin?

Litecoin is now the sixth-largest true cryptocurrency by market capitalization. Websites are rapidly adopting Litecoin as a method of payment, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC.
Here are several of our favorite merchants accepting Litecoin:
Merchant
EGifter
Cheap Air
Bitfly
All Things Luxury
AFK Apparel
Many more!
 

Where can I discuss Litecoin?

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
Platform
Reddit
Litecoin Markets Subreddit
Discord
Official Forum
IRC
 

Litecoin Statistics

Find them here
 

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to check out the Litecoin Wiki. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
submitted by Sparkswont to litecoin [link] [comments]

Scrypt Scrypt Algorithm GPU Mining Rig GAW Miners Fury 1.3 Mh/s @ 45W Scrypt ASIC Miner Free Bitcoin Script 2020!!!! Bitcoin Hack Generate 30 BTC Blockchain Mining Script Reviews 2020!!!!! NeoScrypt - Scrypt Mining Evolved +Free Download (Open Source)

The aim of this guide to help you understand the logic behind Bitcoin Script. Since there will be too much to cover, the guide will be divided into two parts. -AMAZONPOLLY-ONLYWORDS-START- Bitcoin was created for one purpose alone…transactions. Bitcoin was able to show the world that a payment system can exist on a decentralized peer-to-peer system. Wer mit der Digitalwährung Bitcoin handelt, muss aufpassen: Heute wurde der Mining-Algorithmus geändert. Ab jetzt könnte es zwei verschiedene Sorten Bitcoins geben - und die Währung in eine ... Bitcoin Scrypt (BTCS) is a PoW coin and is minable using the Scrypt algorithm. Bitcoin Scrypt is currently worth $ 0.01 per coin. Crypto Delver. Home (current) News; Coins . All coins Assets Gainers and losers Masternode coins Minable (PoW) coins Newest coins Proof-of-Stake (POS) coins. Algorithms. All algorithms Scrypt (348) X11 (156) SHA256 (103) PoS (43) X13 (43) Quark (31) Ethash (30 ... Even though the introduction of Scrypt meant dedicating bitcoin mining hardware – known as ASICs – could not be used, it did not take long for companies to start producing Scrypt ASICs. Moreover, powerful AMD graphics cards are more than capable of mining the Scrypt algorithm, even though they will draw a lot of electricity while doing so. Over the past few years, several hundred altcoins ... Updated news about bitcoin and all cryptocurrencies. VCRYPT ALGORITHM. Read news and updates about VCRYPT ALGORITHM and all related bitcoin & cryptocurrency news. Displaying items 1 - 1 of 1 . vCrypt-capable Nvidia ccMiner fork for Mining vDinar (VDN) 03/26/2018 - 21:27. Submit a guest post. Today's popular content . World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin ...

[index] [28338] [41591] [50635] [2859] [47300] [2782] [28629] [9637] [13853] [28102]

Scrypt

4 Scrypt Mining Rig: 2 rig @ 4 x 7970 2 rig @ 5 x 7950 common specs: MSI Z77A-GD65 4 MB RAM 1x to 16x PCIE Riser Lepa 1600 PSU 4GB Flash Drive Celeron BAMT/Debian CGMiner/MGPUMON Total Power ... As ASIC devices transformed the world of Bitcoin mining, ASIC devices for Scrypt currencies threaten to do the same thing. The technological arms race that this technology creates means that those ... Follow along as I jump into NiceHash cryptocurrency mining algorithms CryptoNight, X11, DaggerHashimoto, Scrypt, and a couple others. Send a sponsorship for ... Bitcoin Mining Software use an algorithm what was hidden from the biggest miner pools due to big loss on their mining servers. Yes,the most of blockchain blocks are hard to decrypt and there is ... NEW SCRYPT 100% TRUE - Developed with javascrypt and concepts in Programming and Algorithm, a script without errors, it really counts in the balance, it makes an atack in the database of freebitco ...

#