Can You Make Profits Mining Cryptocurrency? Crypto Briefing

Slush pool is the most profitable mining pool! Pays out much more than Antpool, ViaBTC or Bitcoin.com! Switch now and profit!

Slush pool is the most profitable mining pool! Pays out much more than Antpool, ViaBTC or Bitcoin.com! Switch now and profit! submitted by BitcoinReminder_com to Bitcoin [link] [comments]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs] submitted by SlushPool to Bitcoin [link] [comments]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs]

Bitcoin & Co PODCAST: a non-technical look into btc mining, profitability and competition [Slush Pool CEOs] submitted by SlushPool to slushpool [link] [comments]

Slush pool is the most profitable mining pool! Pays out much more than Antpool, ViaBTC or Bitcoin.com! Switch now and profit!

Slush pool is the most profitable mining pool! Pays out much more than Antpool, ViaBTC or Bitcoin.com! Switch now and profit! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

r\bitcoin Pre-Fork: Miners Will Follow Market and Mine More Profitable Chain. r\bitcoin Post-2X Cancellation: Thanks to Slush for Mining Less Profitable Chain

r\bitcoin Pre-Fork: Miners Will Follow Market and Mine More Profitable Chain. r\bitcoin Post-2X Cancellation: Thanks to Slush for Mining Less Profitable Chain submitted by gotamd to btc [link] [comments]

Please take a moment to thank Slush. His pool has continued to mine BTC even though it is less profitable. Without him this would have been a hell of a lot worse. <3 Slush and the miners in his pool. /r/Bitcoin

Please take a moment to thank Slush. His pool has continued to mine BTC even though it is less profitable. Without him this would have been a hell of a lot worse. <3 Slush and the miners in his pool. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Slush pool is the most profitable mining pool! Pays out much more than Antpool, ViaBTC or Bitcoin...

The following post by BitcoinReminder_com is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7m7a0y
The original post's content was as follows:
https://twitter.com/whalepanda/status/945610333808480256
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Please take a moment to thank Slush. His pool has continued to mine BTC even though it is less profitable. Without him this would have been a hell of a lot worse. <3 Slush and the miners in his pool.

submitted by NippleGlitter to Bitcoin [link] [comments]

The bitcoin exchange rate has fallen below $11,000: miners and strong dollar keep putting pressure on it

The bitcoin exchange rate has fallen below $11,000: miners and strong dollar keep putting pressure on it

https://preview.redd.it/61zp40sr25l51.jpg?width=918&format=pjpg&auto=webp&s=6010466be89ea3603e1d8dc901c2d0d18b1659a4

Miners may cause the BTC exchange rate to collapse because of competition

Data from CryptoQuant proves that mining pools have transferred large amounts of bitcoin to exchanges.
On September 2, the Poolin, Slush and HaoBTC pools moved 1,630 BTC (about $18,5 mln) to exchanges. The indicator is above the average daily value — the transactions started at the moment when the bitcoin price fell below the level of $11,500.
CryptoQuant Head Ki Young Joo supposed that miners may push the market through to push out competitors.
"I think it's going to be the war of miners between those who want a Bitcoin price rally and those who don't. As I know, some Chinese miners already realize their mining profitability (return on investment), and they might not want new mining competitors joining the industry because of the bull market", — he remarked.

Dollar is getting stronger and keeps putting pressure on bitcoin

Cointelegraph analyst Joseph Young points out that the dollar index has rebounded from its multi-year support zone sending down the exchange rates of bitcoin and gold.
Dollar has become stronger since the beginning of September sending bitcoin down from $12,000 to $10,400. The European Central Bank stated this week that it would seek to compensate the growth of euro. Young notes that it will also support the US dollar and undermine the positions of bitcoin and gold even more.
"Currency analysts believe the ECB could continue to “dampen” the strength of the euro. In the short term that could cause the dollar to rally, which might place selling pressure on Bitcoin and gold", the expert concludes.
submitted by bestchange_pr to bestchange [link] [comments]

[MINING] Can anyone help with this? "stratum_subscribe timed out ...retry after 10 seconds"

Hi everyone,
Just as a disclaimer for the beginning, I'm not investing in Bitcoin, I'm not doing this for any profit or reason, it's more for my own interest.
I'm trying to do some mining on my Raspberry Pi 3, and I have set up a wallet, got a pool account with Slush Pool, and installed or the libraries and software needed to run. As far as I am aware I have ran the right code. However, when I run it, I get this:
 ./cpuminer --algo sha256d --url stratum+tcp://eu.stratum.slushpool.com:3333 --user CENSORED --pass CENSORED ** cpuminer-multi 1.3.7 by [email protected] ** [2020-05-18 21:25:38] Starting Stratum on stratum+tcp://eu.stratum.slushpool.com:3333 [2020-05-18 21:25:38] 4 miner threads started, using 'sha256d' algorithm. [2020-05-18 21:26:08] stratum_subscribe timed out [2020-05-18 21:26:08] ...retry after 10 seconds [2020-05-18 21:26:48] stratum_subscribe timed out [2020-05-18 21:26:48] ...retry after 10 seconds [2020-05-18 21:27:28] stratum_subscribe timed out [2020-05-18 21:27:28] ...retry after 10 seconds [2020-05-18 21:28:08] stratum_subscribe timed out [2020-05-18 21:28:08] ...retry after 10 seconds [2020-05-18 21:28:48] stratum_subscribe timed out [2020-05-18 21:28:48] ...retry after 10 seconds 
Anyone have any idea on how to sort this out? Thanks
submitted by SwagBee to Bitcoin [link] [comments]

Blockstream CEO Adam Back’s latest scam has implicated Slush miners who are now trying to distance themselves completely from Adam and the scam! Someone is lying. Take a wild guess who it is!

Blockstream CEO Adam Back’s latest scam has implicated Slush miners who are now trying to distance themselves completely from Adam and the scam! Someone is lying. Take a wild guess who it is! submitted by increaseblocks to btc [link] [comments]

#FunFact: While other pools are busy with mining altcoins, Slush Pool became the biggest Bitcoin mining pool with 20%+ blocks.

#FunFact: While other pools are busy with mining altcoins, Slush Pool became the biggest Bitcoin mining pool with 20%+ blocks. submitted by anti-fragile to Bitcoin [link] [comments]

Why mine alone?

What are the best recommendations you can give to someone who is just getting started in mining?
submitted by one-revolution to Bitcoin [link] [comments]

Slush Pool Has Increased It’s Hash Rate Roughly 51% Since Early October

Slush Pool Has Increased It’s Hash Rate Roughly 51% Since Early October submitted by SeptimusSeven to Bitcoin [link] [comments]

F2Pool and Slush Pool are the most honorable miners out there! They act of stability instead of greed. Switch and join their pools, people!

BTC valuing at those price levels provide enough profits for the honorable! All the others are losing their face right now. They are really willing to risk bitcoin ecosystem for a few bucks. Shame!
submitted by castorfromtheva to Bitcoin [link] [comments]

After being part of bitcoin community for 6 months, finally pooled enough to buy an antminer yesterday. Waiting eagerly to join the mining community

I have been studying about bitcoin for last 6 months and love the concept and the possibilities. I invested small amounts every month and yesterday I had finally enough to partner with a friend and buy an antminer s9 for Jan 10 batch. Hope to be able to join the community of miners from February. Any advices for newbies like me?
submitted by mike_testing to Bitcoin [link] [comments]

r/Bitcoin recap - March 2018

Hi Bitcoiners!
I’m back with the fifteenth monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
And a lot has happened. It's easy to forget with so much focus on the price. Take a moment and scroll through the list below. You'll find an incredibly eventful month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in March 2018
submitted by SamWouters to Bitcoin [link] [comments]

An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
Dubaï
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
submitted by Swissprivatebanker to Bitcoin [link] [comments]

AsicBoost and the strange case of CVE-2017-9230

About CVEs

In the public interest of tracking and remedying cybersecurity vulnerabilities quickly, a public database was created in 2000: the CVE List [1].
CVE stands for Common Vulnerabilities and Exposures. Its database records, known as CVEs, track and record publicly known cybersecurity vulnerabilities. Each recorded vulnerability has a unique ID and lifecycle where it follows certain states.

The AsicBoost controversy

In April 2017, Greg Maxwell published an email [2] on the bitcoin-dev mailing list which described AsicBoost - a patented optimization to the algorithm used in Bitcoin mining - as an attack on the Bitcoin protocol.
There was much contention [3] about whether AsicBoost constituted some kind of harmful exploit, or whether it was merely a technological innovation which enabled more efficient mining hardware (ASICs).
There were allegations, widely reported in media, that the patent served the interest of Bitmain [4]. The purported benefits of exploiting this patent as alleged by Core developers were contemporaneously disputed by other miners [5].

CVE-2017-9230 raised against AsicBoost

On 18 May 2017, Cameron Garnham posted to the bitcoin-dev list [6], urging for getting a CVE assigned to the perceived vulnerability.
On 24 May 2017, this CVE was created as CVE-2017-9230 [7]. It was simultaneously published under Bugtraq ID 'BID 98657' at [8].
The justification in the CVE stated that the AsicBoost method
'violates the security assumptions of (1) the choice of input, outside of the dedicated nonce area, fed into the Proof-of-Work function should not change its difficulty to evaluate and (2) every Proof-of-Work function execution should be independent.'
It seemed a plausible enough reasoning for the CVE to be assigned. It was entered in the list of Bitcoin-related CVE's at [9]. Detailed information on this particular CVE is still missing/incomplete on the wiki page, a year after the CVE was raised.

What happened since the CVE was raised

If you've followed along, you've learned that the CVE was raised to counter the exploitation of the AsicBoost method by miners.
Since then, however, a Core developer, BtcDrak, has been involved in the founding of a mining company, Halong Mining. Several online sources state his (part?) ownership of this company.
BtcDrak has put forward a proposal [10] which would enable the use of AsicBoost within the Bitcoin Core software (the dominant client software on the BTC network).
This proposal appears to directly contradict the CVE claims of how AsicBoost violates "security assumptions" of Bitcoin, and indeed does not address how it mitigates them, nor is CVE-2017-9230 referenced in any of its related documentation.
While the proposal's specification [11] and implementation [12] have not yet been formally accepted, the situation is that Halong has shipped mining equipment which is now actively employing AsicBoost [13,14] on the Bitcoin (BTC) network. There is even a website showing the blocks where AsicBoost was used [15].

Conflict of interest

There a clear conflict of interest in the actions of the Core developer BtcDrak. His actions as a Core developer appear to be furthering his company's interests and competitive advantage in the mining industry by exploiting a vulnerability of which he must have been keenly aware, having participated on the same bitcoin-dev mailing list where it was discussed.
The CVE was vociferously used to paint Bitmain as culpable for delaying Segwit (Bitmain was accused of using AsicBoost and blocking Segwit activation for their own profit motive - claims that Bitmain has publicly denied strongly and which were never substantiated).
One might have expected a similar outcry against Halong's proven and announced use of AsicBoost, but the parties that had previously condemned Bitmain remained mostly silent. Only an anonymous non-developer, Cobra-Bitcoin, co-owner of the bitcoin.org domain, spoke out on the Github pull request in [11], and Core developer Luke-jr spoke out against the use of the proposal on the Bitcoin network while consensus had not been reached on it [16].
Subsequent discussion on the bitcoin-dev list on this topic since March has been minimal and only concerned with technicalities of stratum protocol changes.

The bigger elephant in the room

It seems logical that either AsicBoost constitutes an exploitable weakness, and thus merits a CVE and measures taken to prevent its use on the Bitcoin network entirely.
Or it is not a problem and the CVE should be invalidated.
The Bitcoin Core project should use its consensus processes to arrive at a coherent decision.

Other problems raised by the use of overt AsicBoost

The Halong implementation uses version rolling of the nversion bits of the header. It reserves a subset of those bits for overt AsicBoost.
These bits are no longer available to BIP9, but there was no update of BIP9 proposed to address this impact.
This is a question of sensible procedures being followed (or not). The author did not find any review comment mentioning the lack of BIP9 specification update, which suggest a lack of thorough review on a proposal which dates back several months.
A minor issue is that the Core implementation warns when a certain proportion of unrecognized version bits are detected. This behavior can be triggered by the AsicBoost method used on the network.
[1] https://cve.mitre.org/about/history.html
[2] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html
[3] https://news.bitcoin.com/developers-clash-exploit-secret-core-organization/
[4] https://archive.is/q2Q4t
[5] https://medium.com/@vcorem/the-real-savings-from-asicboost-to-bitmaintech-ff265c2d305b
[6] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014349.html
[7] https://cve.mitre.org/cgi-bin/cvename.cgi?name=CVE-2017-9230
[8] https://www.securityfocus.com/bid/98657
[9] https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures
[10] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-March/015801.html
[11] https://github.com/bitcoin/bips/pull/661
[12] https://github.com/bitcoin/bitcoin/pull/12633
[13] https://bitcoinmagazine.com/articles/halong-mining-first-bitcoin-mining-hardware-producer-implement-overt-asicboost/
[14] https://bitcoinmagazine.com/articles/slush-pool-now-compatible-asicboost-miners/
[15] https://asicboost.dance
[16] https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-March/015802.html
EDITS:
  1. make dates unambiguous, make it clear that [5] disputes the benefits alleged by Core developers
submitted by btcfork to btc [link] [comments]

Open Letter to SegWit2X Supporters: Don’t Be On The Wrong Side of Bitcoin History

Longer version on Medium here
Note: Edited a couple mis-types of sentences.
Dear New York Agreement/SegWit2x Supporter:
The bitcoin community dodged a bullet in August. There was a chance that Miners would be mining non-segwit blocks and be incompatible with a significant minority of nodes running BIP148 (UASF). This would have potentially led to an altcoin being created by those rejecting blocks, as miners would be mining non-segwit incumbent chain.
But we avoided it and now Bitcoin has SegWit! However, now there is a new scare. The Segwit2X team has decided to continue the push for a contentious 2MB hardfork. This is despite the fact that Bitcoin has Segwit now, and big-block minority of Bitcoin community now have an altcoin that serves their need with 8MB blocksize limit (BCH).
Bcash would not have survived were it not for Chinese miners, associated with ViaBTC, owned partly by Bitmain and supported fully by Jihan Wu, founder of Bitmain. This represents a violation of the New York agreement to keep Bitcoin united. This essentially makes the New York Agreement null and void.
Replay Protection
Segwit2x clearly wants a hard-fork for a mere 1MB increase in blocksize limit, so there’s three ways with which they can do it:
  1. No replay protection whatsoever. Meaning that when someone sends a transaction on BTC, then the 2X coins are at risk of being stolen. The coins can still be technically secured on both chains using nlocktime and RBF.
  2. Opt-in replay protection. Meaning users have to take special action to protect their coins on forked chain upon moving them on main chain.
  3. Mandatory replay protection. Meaning transactions are distinct on both chains and there’s no risk of replay protection losing coins on the forked chain.
The Segwit2x organizers insist that it is outside of their mandate to implement (3), “Segwit2x by design does not change the TX format”. (2) and (1) are basically the same, since in all cases, the coins can still be secured on both chains. And (2) requires a similar degree of technical sophistication to (1).
This means that Segwit2x orgainzers are deliberately going to hurt unsophisticated bitcoin users by engaging in a technically unnecessary contentious hardfork.
The current state of the code of Btc1 has opt-in replay protection coded, but it is not pushed so they are going with (1) above, no replay protection.
My 2X Hard Fork TimeLine Prediction
My prime prediction is that the 2X agreement is going to collapse, miners will drop support, and all the businesses who have been signaling support will retract until it is negligible, leading to the project being deserted entirely. However, here is the reality of how the split is going to play out, if the Chinese do not end up shirking on the agreement:
  1. BTC will stay BTC, the incumbant chain will retain the symbol and the chain will not die, since it does not have reorg risk.
  2. SegWit2X hardfork is going to be an altcoin listed as B2X. Bitfinex’s stated policy is to name the fork differently and even Coinbase, a signatory, will likely have to list the incumbent as BTC.
  3. Even if, say, 95% of miner hashing power moves to the B2X chain, this doesn’t “kill” Bitcoin (BTC), it merely makes the blocks take slower to confirm, and gives time for users and the market to adjust. (But after F2Pool/slush we already know that this many won't).
  4. Miners are rational profit-hungry actors. If the users and market choose 2X and trade the price significantly higher than Bitcoin, then this would be in line with NYA. However if BTC starts to trade higher than B2X by users/traders, then the miners’ commitment to mine 2X would become at odds with the community and, more importantly, their own economic incentives.
  5. As miners start to move back over to Bitcoin, 2X price will continue to plummet, and only a handful of miners will continue supporting it. It is unclear how much hashing power it could retain, but potentially 5% (less even than Bcash).
The end result: B2X becomes an altcoin that is worth less than even BCH in market value, and BTC reigns supreme:
BTC > BCH > B2X
Is how this whole saga ends.
NYA Supporters: Repent
The bad news for 2X/NYA supporters is that this means you supported an effort to hijack bitcoin and lost, and ended up on the wrong side of history. Those of you who are supporting 2X are going to have egg on your face once your chain fails. Bitcoin will succeed as BTC and your whole project will historically be seen as a malicious attempt by miners and business interests to define bitcoin as theirs (against the community's will).
The good news is it is not too late to repent and prevent the whole scene..
The immediate step you can take is to shut off your 2x nodes and make a public statement retracting support of New York Agreement.
At the absolute very minimum, if you must support this contentious hard-fork, then you can insist that SegWit2x implement STRONG REPLAY PROTECTION, just like Bcash, so that it causes zero network disruptions.
But really it is better if you just advocate dropping the whole project itself. Segwit is on Bitcoin, Bcash exists for on-chain scaling and was a de facto violation of NYA, so why rock the boat with a third chain claiming to be bitcoin? This is a contentious hardfork that is continuing to divide the community and it behooves you to do what you can to stop it.
Repent and drop support of 2x, it’s not too late!
Sincerely,
A bitcoin user who has been around a while.
submitted by theswapman to Bitcoin [link] [comments]

r/bitcoin recap - November 2017

Hi Bitcoiners!
I’m back with the eleventh monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best), memeless overview of what happened in bitcoin over the past month.
You can find recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in November 2017
submitted by SamWouters to Bitcoin [link] [comments]

Asicpower AP9-SHA256 Review


Asicpower AP9-SHA256 Review

Bitmain is regarded as one of the most influential companies in the ASIC mining industry. It is estimated that they have manufactured approximately 53% of all mining equipment.Without including their mining profits, that’s around $140 million dollars in sales. These figures are staggering, but Bitmain’s monopoly of the Bitcoin ASIC market may come to an end, following the release of PowerAsic’s asicpower AP9-SHA256.

About the asicpower AP9-SHA256

Designed with brand new technology and boasting 94 TH/s per miner, the AP(-SHA256 is the most powerful and efficient Bitcoin miner to date.PowerAsic claims they spent $12 million dollars on research, development, and prototypes.PowerAsic also noted that their miners take advantage of ASICBOOST, an exploit of Bitcoin’s algorithm which improves mining efficiency by 20%.An unusual approach separate Powerasic’s miner to the other manufactures is the implementation of copper heat-sink claimed to have a superior thermal conductivity 69% better than aluminium. Don’t take their words for it but confirm the facts are correct on widely well known and published science documents as this one.The first batch of miners were announced and made available for order in August of 2019, with start scheduled for shipment in September, 2019.
Powerasic claims that the machines are around 40 percent more productive than the most proficient ASIC on the market, Bitmain’s Antminer S17.According to PowerAsic, they started a mining project with the aim to bring much needed competition to the market…We want to ‘make SHA256 great again.Sitting at the hefty price of $2,795.00, the powerasic AP9-SHA256 is far from affordable for the average person. Fortunately, due to the newly born rivalry between Bitmain and Powerasic, the price will probably lower with time and competition.The power supply for this unit is included and integrated in the top-box also including the controler card as a one unit. You will also get standard power cable, network cable, manual and software in the packet. In comparison to the price of the Antminer S17 , the Powerasic AP9-Sha256 is a better value.

Power Supply

The integrated PSU 3300W has a inputVoltage 220V 50Hz 30A. There are 2 fan 40mm., 1 fan 60mm to keep it cool and the power cable 3 legs following CEE 7 standard.Professional mining hardware runs optimally at 220-240V, hence why mining farms step down their own electricity supply to 220-240V. Note that 220V current is only found outside of the US – American outlets are 110V by default. Unless you want to hire an electrician, this could cause some people trouble adapt to the eficient and recomended 220V power needed, still 110V will get the job done, but they are not ideal for optimum mining performance.

Power Consumption

Thanks to the powerasic AP9-HA256’s new 7nm generation of ASIC chips, the AP9-SHA256 has become the most electrically-efficient miner on the market.Consuming merely 30.J/TB, or 2860W from the wall, the 16T is 30% more electrically-efficient than the Antminer S17.

Profitability

Powerasic ’s new ASIC technology is impressive. When compared to its closest competitor, the Antminer S17, the powerasic AP9-HA256 is the clear winner. It hashes at 94 TH/s, as opposed to the S17’s 56 TH/s. Moreover, the the AP9-HA256 consumes 30J/GH, whereas the S17 consumes 39-45J/TB.The difference in power consumption is miniscule, but when it comes to large-scale mining, the the AP9-HA256’s edge will drastically increase the profitability of a mining operation. This ASIC is profitable not only for mining on a large scale, but for the individual miner as well.Take a look at the projected mining profitability of a single miner:Note that is appears profitable even with high electricity costs ($0.1 per KW/h). With $0.05 / KW/h it’s even more profitable:📷Each powerasic AP9-HA256 will generate about $6,009 per year (calculated with 1 BTC=$10,141.5). Mining profitability may vary. You can usethis free profitability calculator to determine your projected earnings.

Is powerasic AP9-HA256 a Scam?

There is been a lot of talk on Twitter that powerasic AP9-HA256 is a scam. It appears it is not, as many users are already claiming to have received their miners.Slush, the creator ot Slush Mining Pool and the TREZOR hardware wallet, claims on Twitter that he has seen units and knows people who have had their miners delivered:

Verdict: Is The Antminer S17 Outdated?

When the first batch of Bitmain’s Antminer S17 ASICs reached the eager hands of miners, they were all the rage. The S17 was renowned as the most efficient ASIC miner on the market. Many used the S17 as the industry’s golden standard.Up until the launch of the powerasic AP9-HA256, it was the golden standard.But, now?Things have changed.Not only is the powerasic AP9-HA256 more powerful than its predecessor from Bitmain, but also more efficient, and therefore, more profitable.Ever since the announcement of the new ASIC, there was widespread speculation of its legitimacy – and rightly so.The Bitcoin community has been plagued with small, phony companies manipulating images of preexisting antminers as a ploy to hype up their fake products. Nevertheless, powerasic AP9-HA256 is taking things seriously, and their first batch of miners have lived up to expectations.The fact of the matter is, Bitmain’s most powerful and efficient antminer has been dethroned by the new reigning king of ASICs: The powerasic AP9-HA256.

Conclusion

Bitmain has dominated the ASIC market since its inception in 2013.There are a few other companies producing ASICs. However, before the creation of PowerAsics AP9-SHA256., Bitmain was the only company with a proven track record that sold efficient miners directly to the public.Powerasic AP9-HA256 has the potential to bring Bitmain’s monopoly to an end. Powerasic AP9-HA256 has a bright future ahead of them. Now that Bitmain has noteworthy competition, it will be interesting to see how it affects the market. The powerasic AP9-HA256 is the best option (for now) for anyone getting started with mining. Powerasic’s innovation should force other ASIC producers to innovate and force other companies to release new miners with better efficiency. So whether you’re buying a miner now or soon, you’re likely to benefit from the development of this new miner. For more, Visit Us: https://asicpower.net/product.php
submitted by farwa786 to u/farwa786 [link] [comments]

Bitcoin miner tutorial - Slushpool mining pool setup - YouTube EARN CASH DAILY PROFITS  BEST BITCOIN MINING STRATEGY ... Bitcoin Mining Profits - YouTube Slushpool Tutorial

As Bitcoin fights back above five digits and other altcoins move into the green, many crypto enthusiasts are wondering if there are still profits in cryptocurrency mining. If you’re not certain you can make profits from cryptocurrency mining, the answer is probably ‘no.’ Most profitable operations have enormous sunk costs, including ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news. Mining Pools: One way to avoid the hefty investment needed for successful bitcoin mining is to join a mining pool. When you join one like Slush Pool, you are basically contributing your computing power together with other miners across the globe. The mining pool operator will give you your cut at the end of the day. This is one way to mine free bitcoins with little in hardware investment. Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware.

[index] [47467] [41951] [50862] [15374] [6951] [49850] [28659] [17484] [26445] [3247]

Bitcoin miner tutorial - Slushpool mining pool setup - YouTube

Cryptocurrency Passive Income 2020: In this video we discuss how to earn crypto and bitcoin easily! It's not easy to earn Bitcoin, especially in cryptocurren... Antminer S9 profit slushpool vs bitcoin pool mining - Bitcoin or Bitcoin cash? - Duration: 2:11. Miner Digi 3,783 views. 2:11. Slushs pool mining tutorial - cgminer worker setup - Duration: 5:45. ... Take a look inside of my Lifestyle Galaxy dashboard to check my profits from my bitcoin mining contract. Monthly updates. Want to start mining your own bitco... Let your computer earn you money with Bitcoin Miner on slushpool. This slushpool mining pool tutorial will demonstrate how to setup your bitcoin miner. #Bitc... Antminer S9 profit slushpool vs bitcoin pool mining - Bitcoin or Bitcoin cash? - Duration: 2:11. Miner Digi 3,871 views. 2:11. Stock Market Order Types (Market Order, Limit Order, Stop Loss, Stop ...

#