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Filecoin | Development Status and Mining Progress

Author: Gamals Ahmed, CoinEx Business Ambassador
A decentralized storage network that transforms cloud storage into an account market. Miners obtain the integrity of the original protocol by providing data storage and / or retrieval. On the contrary, customers pay miners to store or distribute data and retrieve it.
Filecoin announced, that there will be more delays before its main network is officially launched.
Filecoin developers postponed the release date of their main network to late July to late August 2020.
As mentioned in a recent announcement, the Filecoin team said that the initiative completed the first round of the internal protocol security audit. Platform developers claim that the results of the review showed that they need to make several changes to the protocol’s code base before performing the second stage of the software testing process.
Created by Protocol Labs, Filecoin was developed using File System (IPFS), which is a peer-to-peer data storage network. Filecoin will allow users to trade storage space in an open and decentralized market.
Filecoin developers implemented one of the largest cryptocurrency sales in 2017. They have privately obtained over $ 200 million from professional or accredited investors, including many institutional investors.
The main network was slated to launch last month, but in February 2020, the Philly Queen development team delayed the release of the main network between July 15 and July 17, 2020.
They claimed that the outbreak of the Coronavirus (COVID-19) in China was the main cause of the delay. The developers now say that they need more time to solve the problems found during a recent codecase audit.
The Filecoin team noted the following:
“We have drafted a number of protocol changes to ensure that building our major network launch is safe and economically sound.” The project developers will add them to two different implementations of Filecoin (Lotus and go-filecoin) in the coming weeks.
Filecoin developers conducted a survey to allow platform community members to cast their votes on three different launch dates for Testnet Phase 2 and mainnet.
The team reported that the community gave their votes. Based on the vote results, the Filecoin team announced a “conservative” estimate that the second phase of the network test should begin by May 11, 2020. The main Filecoin network may be launched sometime between July 20 and August 21, 2020.
The updates to the project can be found on the Filecoin Road Map.
Filecoin developers stated:
“This option will make us get the most important protocol changes first, and then implement the rest as protocol updates during testnet.” Filecoin is back down from the final test stage.
Another filecoin decentralized storage network provider launched its catalytic test network, the final stage of the storage network test that supports the blockchain.
In a blog post on her website, Filecoin said she will postpone the last test round until August. The company also announced a calibration period from July 20 to August 3 to allow miners to test their mining settings and get an idea of how competition conditions affected their rewards.
Filecoin had announced earlier last month that the catalytic testnet test would precede its flagship launch. The delay in the final test also means that the company has returned the main launch window between August 31 and September 21.
Despite the lack of clear incentives for miners and multiple delays, Filecoin has succeeded in attracting huge interest, especially in China. Investors remained highly speculating on the network’s mining hardware and its premium price.
Mining in Filecoin
In most blockchain protocols, “miners” are network participants who do the work necessary to promote and maintain the blockchain. To provide these services, miners are compensated in the original cryptocurrency.
Mining in Filecoin works completely differently — instead of contributing to computational power, miners contribute storage capacity to use for dealing with customers looking to store data.
Filecoin will contain several types of miners:
Storage miners responsible for storing files and data on the network. Miners retrieval, responsible for providing quick tubes for file recovery. Miners repair to be carried out.
Storage miners are the heart of the network. They earn Filecoin by storing data for clients, and computerizing cipher directories to check storage over time. The probability of earning the reward reward and transaction fees is proportional to the amount of storage that the Miner contributes to the Filecoin network, not the hash power.
Retriever miners are the veins of the network. They earn Filecoin by winning bids and mining fees for a specific file, which is determined by the market value of the said file size. Miners bandwidth and recovery / initial transaction response time will determine its ability to close recovery deals on the network.
The maximum bandwidth of the recovery miners will determine the total amount of deals that it can enter into.
In the current implementation, the focus is mostly on storage miners, who sell storage capacity for FIL.

Hardware recommendations

The current system specifications recommended for running the miner are:
Compared to the hardware requirements for running a validity checker, these standards are much higher — although they definitely deserve it. Since these will not increase in the presumed future, the money spent on Filecoin mining hardware will provide users with many years of reliable service, and they pay themselves many times. Think of investing as a small business for cloud storage. To launch a model on the current data hosting model, it will cost millions of dollars in infrastructure and logistics to get started. With Filecoin, you can do the same for a few thousand dollars.
Proceed to mining
Deals are the primary function of the Filecoin network, and it represents an agreement between a client and miners for a “storage” contract.
Once the customer decides to have a miner to store based on the available capacity, duration and price required, he secures sufficient funds in a linked portfolio to cover the total cost of the deal. The deal is then published once the mine accepts the storage agreement. By default, all Filecoin miners are set to automatically accept any deal that meets their criteria, although this can be disabled for miners who prefer to organize their deals manually.
After the deal is published, the customer prepares the data for storage and then transfers it to the miner. Upon receiving all the data, the miner fills in the data in a sector, closes it, and begins to provide proofs to the chain. Once the first confirmation is obtained, the customer can make sure the data is stored correctly, and the deal has officially started.
Throughout the deal, the miner provides continuous proofs to the chain. Clients gradually pay with money they previously closed. If there is missing or late evidence, the miner is punished. More information about this can be found in the Runtime, Cut and Penalties section of this page.
At Filecoin, miners earn two different types of rewards for their efforts: storage fees and reward prevention.
Storage fees are the fees that customers pay regularly after reaching a deal, in exchange for storing data. This fee is automatically deposited into the withdrawal portfolio associated with miners while they continue to perform their duties over time, and is locked for a short period upon receipt.
Block rewards are large sums given to miners calculated on a new block. Unlike storage fees, these rewards do not come from a linked customer; Instead, the new FIL “prints” the network as an inflationary and incentive measure for miners to develop the chain. All active miners on the network have a chance to get a block bonus, their chance to be directly proportional to the amount of storage space that is currently being contributed to the network.
Duration of operation, cutting and penalties
“Slashing” is a feature found in most blockchain protocols, and is used to punish miners who fail to provide reliable uptime or act maliciously against the network.
In Filecoin, miners are susceptible to two different types of cut: storage error cut, unanimously reduce error.
Storage Error Reduction is a term used to include a wider range of penalties, including error fees, sector penalties, and termination fees. Miners must pay these penalties if they fail to provide reliability of the sector or decide to leave the network voluntarily.
An error fee is a penalty that a miner incurs for each non-working day. Sector punishment: A penalty incurred by a miner of a disrupted sector for which no error was reported before the WindowPoSt inspection.
The sector will pay an error fee after the penalty of the sector once the error is discovered.
Termination Fee: A penalty that a miner incurs when a sector is voluntary or involuntarily terminated and removed from the network.
Cutting consensus error is the penalty that a miner incurs for committing consensus errors. This punishment applies to miners who have acted maliciously against the network consensus function.
Filecoin miners
Eight of the top 10 Felticoin miners are Chinese investors or companies, according to the blockchain explorer, while more companies are selling cloud mining contracts and distributed file sharing system hardware. CoinDesk’s Wolfe Chao wrote: “China’s craze for Filecoin may have been largely related to the long-standing popularity of crypto mining in the country overall, which is home to about 65% of the computing power on Bitcoin at discretion.”
With Filecoin approaching the launch of the mainnet blocknet — after several delays since the $ 200 million increase in 2017 — Chinese investors are once again speculating strongly about network mining devices and their premium prices.
Since Protocol Labs, the company behind Filecoin, released its “Test Incentives” program on June 9 that was scheduled to start in a week’s time, more than a dozen Chinese companies have started selling cloud mining contracts and hardware — despite important details such as economics Mining incentives on the main network are still endless.
Sales volumes to date for each of these companies can range from half a million to tens of millions of dollars, according to self-reported data on these platforms that CoinDesk has watched and interviews with several mining hardware manufacturers.
Filecoin’s goal is to build a distributed storage network with token rewards to spur storage hosting as a way to drive wider adoption. Protocol Labs launched a test network in December 2019. But the tokens mined in the testing environment so far are not representative of the true silicon coin that can be traded when the main network is turned on. Moreover, the mining incentive economics on testnet do not represent how final block rewards will be available on the main network.
However, data from Blockecoin’s blocknetin testnet explorers show that eight out of 10 miners with the most effective mining force on testnet are currently Chinese miners.
These eight miners have about 15 petabytes (PB) of effective storage mining power, accounting for more than 85% of the total test of 17.9 petable. For the context, 1 petabyte of hard disk storage = 1000 terabytes (terabytes) = 1 million gigabytes (GB).
Filecoin craze in China may be closely related to the long-standing popularity of crypt mining in the country overall, which is home to about 65% of the computing power on Bitcoin by estimation. In addition, there has been a lot of hype in China about foreign exchange mining since 2018, as companies promote all types of devices when the network is still in development.
“Encryption mining has always been popular in China,” said Andy Tien, co-founder of 1475, one of several mining hardware manufacturers in Philquin supported by prominent Chinese video indicators such as Fenbushi and Hashkey Capital.
“Even though the Velikoyen mining process is more technologically sophisticated, the idea of mining using hard drives instead of specialized machines like Bitcoin ASIC may be a lot easier for retailers to understand,” he said.
Meanwhile, according to Feixiaohao, a Chinese service comparable to CoinMarketCap, nearly 50 Chinese crypto exchanges are often somewhat unknown with some of the more well-known exchanges including Gate.io and Biki — have listed trading pairs for Filecoin currency contracts for USDT.
In bitcoin mining, at the current difficulty level, one segment per second (TH / s) fragmentation rate is expected to generate around 0.000008 BTC within 24 hours. The higher the number of TH / s, the greater the number of bitcoins it should be able to produce proportionately. But in Filecoin, the efficient mining force of miners depends on the amount of data stamped on the hard drive, not the total size of the hard drive.
To close data in the hard drive, the Filecoin miner still needs processing power, i.e. CPU or GPU as well as RAM. More powerful processors with improved software can confine data to the hard drive more quickly, so miners can combine more efficient mining energy faster on a given day.
As of this stage, there appears to be no transparent way at the network level for retail investors to see how much of the purchased hard disk drive was purchased which actually represents an effective mining force.
The U.S.-based Labs Protocol was behind Filecoin’s initial coin offer for 2017, which raised an astonishing $ 200 million.
This was in addition to a $ 50 million increase in private investment supported by notable venture capital projects including Sequoia, Anderson Horowitz and Union Square Ventures. CoinDk’s parent company, CoinDk, has also invested in Protocol Labs.
After rounds of delay, Protocol Protocols said in September 2019 that a testnet launch would be available around December 2019 and the main network would be rolled out in the first quarter of 2020.
The test started as promised, but the main network has been delayed again and is now expected to launch in August 2020. What is Filecoin mining process?
Filecoin mainly consists of three parts: the storage market (the chain), the blockecin Filecoin, and the search market (under the chain). Storage and research market in series and series respectively for security and efficiency. For users, the storage frequency is relatively low, and the security requirements are relatively high, so the storage process is placed on the chain. The retrieval frequency is much higher than the storage frequency when there is a certain amount of data. Given the performance problem in processing data on the chain, the retrieval process under the chain is performed. In order to solve the security issue of payment in the retrieval process, Filecoin adopts the micro-payment strategy. In simple terms, the process is to split the document into several copies, and every time the user gets a portion of the data, the corresponding fee is paid. Types of mines corresponding to Filecoin’s two major markets are miners and warehousers, among whom miners are primarily responsible for storing data and block packages, while miners are primarily responsible for data query. After the stable operation of the major Filecoin network in the future, the mining operator will be introduced, who is the main responsible for data maintenance.
In the initial release of Filecoin, the request matching mechanism was not implemented in the storage market and retrieval market, but the takeover mechanism was adopted. The three main parts of Filecoin correspond to three processes, namely the stored procedure, retrieval process, packaging and reward process. The following figure shows the simplified process and the income of the miners:
The Filecoin mining process is much more complicated, and the important factor in determining the previous mining profit is efficient storage. Effective storage is a key feature that distinguishes Filecoin from other decentralized storage projects. In Filecoin’s EC consensus, effective storage is similar to interest in PoS, which determines the likelihood that a miner will get the right to fill, that is, the proportion of miners effectively stored in the entire network is proportional to final mining revenue.
It is also possible to obtain higher effective storage under the same hardware conditions by improving the mining algorithm. However, the current increase in the number of benefits that can be achieved by improving the algorithm is still unknown.
It seeks to promote mining using Filecoin Discover
Filecoin announced Filecoin Discover — a step to encourage miners to join the Filecoin network. According to the company, Filecoin Discover is “an ever-growing catalog of numerous petabytes of public data covering literature, science, art, and history.” Miners interested in sharing can choose which data sets they want to store, and receive that data on a drive at a cost. In exchange for storing this verified data, miners will earn additional Filecoin above the regular block rewards for storing data. Includes the current catalog of open source data sets; ENCODE, 1000 Genomes, Project Gutenberg, Berkley Self-driving data, more projects, and datasets are added every day.
Ian Darrow, Head of Operations at Filecoin, commented on the announcement:
“Over 2.5 quintillion bytes of data are created every day. This data includes 294 billion emails, 500 million tweets and 64 billion messages on social media. But it is also climatology reports, disease tracking maps, connected vehicle coordinates and much more. It is extremely important that we maintain data that will serve as the backbone for future research and discovery”.
Miners who choose to participate in Filecoin Discover may receive hard drives pre-loaded with verified data, as well as setup and maintenance instructions, depending on the company. The Filecoin team will also host the Slack (fil-Discover-support) channel where miners can learn more.
Filecoin got its fair share of obstacles along the way. Last month Filecoin announced a further delay before its main network was officially launched — after years of raising funds.
In late July QEBR (OTC: QEBR) announced that it had ceded ownership of two subsidiaries in order to focus all of the company’s resources on building blockchain-based mining operations.
The QEBR technology team previously announced that it has proven its system as a Filecoin node valid with CPU, GPU, bandwidth and storage compatibility that meets all IPFS guidelines. The QEBR test system is connected to the main Filecoin blockchain and the already mined filecoin coin has already been tested.
“The disclosure of Sheen Boom and Jihye will allow our team to focus only on the upcoming global launch of Filecoin. QEBR branch, Shenzhen DZD Digital Technology Ltd. (“ DZD “), has a strong background in blockchain development, extraction Data, data acquisition, data processing, data technology research. We strongly believe Filecoin has the potential to be a leading blockchain-based cryptocurrency and will make every effort to make QEBR an important player when Mainecoin mainnet will be launched soon”.
IPFS and Filecoin
Filecoin and IPFS are complementary protocols for storing and sharing data in a decentralized network. While users are not required to use Filecoin and IPFS together, the two combined are working to resolve major failures in the current web infrastructure.
It is an open source protocol that allows users to store and transmit verifiable data with each other. IPFS users insist on data on the network by installing it on their own device, to a third-party cloud service (known as Pinning Services), or through community-oriented systems where a group of individual IPFS users share resources to ensure the content stays live.
The lack of an integrated catalytic mechanism is the challenge Filecoin hopes to solve by allowing users to catalyze long-term distributed storage at competitive prices through the storage contract market, while maintaining the efficiency and flexibility that the IPFS network provides.
Using IPFS
In IPFS, the data is hosted by the required data installation nodes. For data to persist while the user node is offline, users must either rely on their other peers to install their data voluntarily or use a central install service to store data.
Peer-to-peer reliance caching data may be a good thing as one or multiple organizations share common files on an internal network, or where strong social contracts can be used to ensure continued hosting and preservation of content in the long run. Most users in an IPFS network use an installation service.
Using Filecoin
The last option is to install your data in a decentralized storage market, such as Filecoin. In Filecoin’s structure, customers make regular small payments to store data when a certain availability, while miners earn those payments by constantly checking the integrity of this data, storing it, and ensuring its quick recovery. This allows users to motivate Filecoin miners to ensure that their content will be live when it is needed, a distinct advantage of relying only on other network users as required using IPFS alone.
Filecoin, powered by IPFS
It is important to know that Filecoin is built on top of IPFS. Filecoin aims to be a very integrated and seamless storage market that takes advantage of the basic functions provided by IPFS, they are connected to each other, but can be implemented completely independently of each other. Users do not need to interact with Filecoin in order to use IPFS.
Some advantages of sharing Filecoin with IPFS:
Of all the decentralized storage projects, Filecoin is undoubtedly the most interested, and IPFS has been running stably for two years, fully demonstrating the strength of its core protocol.
Filecoin’s ability to obtain market share from traditional central storage depends on end-user experience and storage price. Currently, most Filecoin nodes are posted in the IDC room. Actual deployment and operation costs are not reduced compared to traditional central cloud storage, and the storage process is more complicated.
PoRep and PoSt, which has a large number of proofs of unknown operation, are required to cause the actual storage cost to be so, in the early days of the release of Filecoin. The actual cost of storing data may be higher than the cost of central cloud storage, but the initial storage node may reduce the storage price in order to obtain block rewards, which may result in the actual storage price lower than traditional central cloud storage.
In the long term, Filecoin still needs to take full advantage of its P2P storage, convert storage devices from specialization to civil use, and improve its algorithms to reduce storage costs without affecting user experience. The storage problem is an important problem to be solved in the blockchain field, so a large number of storage projects were presented at the 19th Web3 Summit. IPFS is an important part of Web3 visibility. Its development will affect the development of Web3 to some extent. Likewise, Web3 development somewhat determines the future of IPFS. Filecoin is an IPFS-based storage class project initiated by IPFS. There is no doubt that he is highly expected.
Resources :
  1. https://www.coindesk.com/filecoin-pushes-back-final-testing-phase-announces-calibration-period-for-miners
  2. https://docs.filecoin.io/mine/#types-of-miners https://www.nasdaq.com/articles/inside-the-craze-for-filecoin-crypto-mining-in-china-2020-07-12؟amp
  3. https://www.prnewswire.com/news-releases/qebr-streamlines-holdings-to-concentrate-on-filecoin-development-and-mining-301098731.html
  4. https://www.crowdfundinsider.com/2020/05/161200-filecoin-seeks-to-boost-mining-with-filecoin-discove
  5. https://zephyrnet.com/filecoin-seeks-to-boost-mining-with-filecoin-discove
  6. https://docs.filecoin.io/introduction/ipfs-and-filecoin/#filecoin-powered-by-ipfs
submitted by CoinEx_Institution to filecoin [link] [comments]

18 P106-100 & 1 P104-100 Mining Rig Build

18 P106-100 & 1 P104-100 Mining Rig Build

19 GPU Build with ASUS B250 Mining Expert - 470MH/s

Its my dream to achieve and build a mining rig of this extent.
Allow me to describe this journey of mine to the GPU mining community.
Kudos to all! Feel free to ask me questions and I would love to help you out.

2017 - Bull Market - Dipped my toes into the GPU mining market. Spent nearly 3k USD, 6x GTX 1060 3GB & 2x GTX 1070ti.

Back then, my setup was really simple, An ASUS B250 Mining Expert with Pentium G4400, 8GB of RAM, 2 PSU (Coolermaster 700w as well as a V1200W PSU)
Placed this entire setup on a DIY metal shelf
Bought extra 2 GTX 1060 3GB on my Ryzen 7 1700 setup back then. Mining Monero too on Cryptonight Algo. Really profitable on these 2 rigs combined. Earning approximately 35USD per day at the peak :)
Without much experience back then, my overclocking skills sucks. I was drawing a ton of power with very little efficiency. However, at that point I was literally making few hundreds every month. It has been a really wonderful journey until bear market hits.

2018 - Nicehash Hacked, Bitconnect & Bear Market Hits...

If you still remember the dreadful hack of Nicehash. One morning I woke up seeing that my rig was no longer mining. Saw my balance turned to zero. And the moment I saw this article, my heart sanked. With over 100 USD inside my account that point, I knew I wouldnt be able to pay for my electric that month. This pulled down my confidence but quite a little.
Still remember Bitconnect? Hahahaha well entered into this ponzi scheme too. Invested 100 USD into this, got it back and donated the money.
Disconnected my entire rig... It was a pretty sad moment :\")
My house became cooler, quieter and my power usage instantly went down.
Kept 1 GTX 1070ti & 1 GTX 1060 3GB and built myself a Ryzen 7 gaming computer hehe.

My disconnection from Crypto 2018-2019

I exited this market back at the very end of the bull run and never touched Bitcoin until 2019. I began to plan my future, created an investment portfolio where I finally included Bitcoin back into my high risk asset class. The resurgence of Bitcoin mining begans :)

2019 - Sold my Ryzen 7 1700 & MB for ASUS B250 Mining Expert with 19 GPU build in mind

It all started with my small mining rig of one ZOTAC GTX 1070ti as well as an ASUS B250 Mining Expert which I was using to mine Ethereum at 33MH/s, get paid 0.05eth approximately every 2 weeks on 2miners.com

Purchased 2 more GTX 1070ti, bringing my total hashrate to 130MH/s.
Revamped & Redesigned into a DIY rig. Didnt wanna spend the money to find a frame hehe decided to use my mums shoe rack instead HAHAHAH
Back then, 1 GTX 1070ti resale value was approximately 230 USD here in Singapore.
Calculated hash per dollar and I notice the insane price I was paying with my 1070tis.
Sold all 4 of my GTX 1070tis and manage to trade for the following cards:
  • x4 Gigayte RX 570 8GB cards @ 70USD
  • x1 Sapphire Nitro RX 570 8GB @ 85USD
  • x5 P106-100 6GB cards @ 63USD
4 Gigabyte RX 570, 1 Sapphire RX 570, 5 P106-100 6GB
With all the skills and experience I have accumulated in 2017, I began redesigning my entire 10 GPU setup. This was the end product of my 10 GPU mining rig consisting of 5 NVIDIA P106-100 6GB cards as wel as 5 AMD RX 570 8GB cards. Working fine alongside with one another as claimed by ASUS.
  • NVIDIA P106-100 6GB: 24.8MH/s @ 85watts
  • AMD RX 570 8GB: 29MH/s @ 95watts


The dream of building 19 cards were never off my brain. Been sourcing for cheaper 2nd hand cards and snap! 56 USD per card for ZOTAC P106-100. It was insanely a great deal. Sold my 5x RX 570 8GB, use the cash and baammm!
Got 8 ZOTAC P106-100 6GB (2 not in photo) for test. PERFECT CONDITION and I cant believe the speed I was getting in Ethereum. 450MH/S for 18x P106-100 6GB

2ND DEAL OF THE MONTH - P104-100 8GB @ 70 USD

Managed to achieve 35.9MH @ 124w. Bringing my total GPU to 19.

The screen all miners with B250s love to see :)
The entire setup of my 19 GPU rig. Fan is blowing at single direction, expelling all the hot air towards my door exit. Keeping my living room relatively cool.

Underclocked my rig to 466MH for better stability and power draw. Has been running fine for 2 weeks without any manual interventions.
Bought a HP 1200w PSU. Placed a 120mm fan on top of it to keep it cool. In case if you are asking how loud is it, actually its pretty quiet. I have only used 600w, half of the capacity. Hence, under full load I am not sure how loud it will be.

All in all, my journey of a 19 GPU build. Feel free to ask me any questions :)
submitted by amtf99 to gpumining [link] [comments]


Miners. submitted by Pickowicko to pcmasterrace [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.
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]

GPU Mining Crash Course - START HERE!

Welcome All to the GPUMining Crash Course!
With the increase in prices in cryptocurrency, a lot of people are getting back into mining and a lot of people are brand new to the concept overall. So, I quickly wrote this crash course to help you understand what to expect and how to successfully mine your first cryptocurrency. This crash course isn't gonna have all of the fluff you'd see in a normal publication. This is just everything you need to know to get up and running on your first cryptocurrency mining rig.

What is cryptocurrency mining?

One of the main things about cryptocurrencies is that they are "decentralized". Sounds great, but WTF does that even mean? Well, the easiest way to explain it is...
You know how if you want to send your friend/family money digitally, you can do so through your bank. Your bank likely takes a transaction fee and in a few days they will transfer the money. Since cryptocurrencies are decentralized, they don't have a bank or organization to fulfill the transfer of money. Instead, they outsource the computing power of their cryptocurrency network to miners (soon to be you). These miners are verifying transactions, securing the blockchain, and powering the cryptocurrency's specific network among other things. As an incentive, the miners collect transaction fees on the transactions that they verify and collect block rewards while new currency is still being introduced into the ecosystem.

What kind of rig should I build?

You can mine cryptocurrencies using your CPU, GPU, FPGA, or ASIC, but this is a GPU Mining subreddit, so I will cater this to GPUs.
For building a great all-around GPU rig, there are two models of GPUs that I'd recommend:
Both of these GPUs have solid hashrates across most mining algorithms and for a decent price! You should be able to find both of these kinds of GPUs used for around $200-$250 each, which is a great price if you know what happened during the last mining craze! ($200 GPUs were out of stock everywhere and people were reselling them for $600+ each)
There are also plenty of great AMD GPUs for mining, but I've worked mostly with Nvidia so that's why both of my recommendations are Nvidia and not AMD.
Other parts to your rig that you'll need are listed below. Most of these can be pieces of crap and are just needed to make the rig actually run, but the one spot you DON'T want to cheap out on is the power supply unit. A decent power supply unit will keep your home from burning down while also keeping your rigs up and running smoothly. Here are my recommendations:

She's built, now what?

Now you need to do a few things. I am a Windows miner, so I will be speaking to Windows here:
  1. Update Windows - Do all of the updates. Just do it.
  2. Update Drivers - Go to the EVGA website and download GeForce experience. It will keep your GPU drivers up to date.
  3. Go to Windows Device Manager and make sure all of your GPUs show up under "Display Adapters". If it is there, but it isn't showing the Name/Model of the GPU as the name, right click it and select "Update Driver". This should fix it.
Assuming you've done all of this, you're ready to download a mining application.

Mining Software

There are tons to choose from! Claymore, Phoenix, EWBF, LolMiner, etc... It can be overwhelming pretty quickly since they all have different algorithm support, speeds, efficiencies, and a whole lot more. On top of that, in order to get them running you need to set up batch files to call the proper exe, point you to the correct pool, and a whole bunch of other stuff that can be confusing to a new user. Not to mention, you will probably need a separate miner, config file, batch file, etc. for each different algorithm that you're interested in mining on.
Instead, I recommend that you download a miner management software that will take care of most of this tedious work for you. There are a few in the sidebar, but the /GPUMining favorite is AIOMiner. It was developed by our very own community member, xixspiderxix with the intention of making mining as easy as possible to do and without any fees. It supports over 100 different algorithms, so you'll be able to mine nearly ANY cryptocurrency you'd like. Just download it from their website and it will take you through a quick tutorial to help you get set up! You can also connect your rig to their website for remote monitoring and control. You've probably seen a few of their posts around this subreddit.
Other Windows mining softwares include:
Note: Many mining softwares have fees built into them. Most are around 1%, but can go as high as 5% or greater! You want a mining software with little or no fees at all so that you get to keep as much cryptocurrency as possible. These fees aren't something you actively pay, the software will automatically take it by mining on the developers behalf for a given amount of time and then switching back to mining on your own behalf. So, please be diligent in the software that you evaluate and make sure it is reputable.

I keep hearing about NiceHash. What is that?

The asshole of the mining industry. Jk, but not really.
NiceHash is a software program that allows you to sell your rig's hashing power to someone on their marketplace. They market themselves as profitable mining, but you're not really mining. You're selling your power in exchange for Bitcoin.
They did a great job telling people that with them, you're always mining the most profitable coin, but that's just not true. Since it is a mining marketplace, they make you mine whatever their most expensive contract is. If their contracts are below market prices, then you're not operating as efficiently and profitably as you could be.
NiceHash also has a sketchy history, which continues to this day. In 2017, they were hacked and lost $65M worth of Bitcoin. No one got paid out for MONTHS and many of their executives conveniently resigned. Their platform is also used to destroy cryptocurrencies. Since people are able to purchase mining power on their platform, people have used their platform to purchase enough mining power to control individual cryptocurrencies and duplicate coins, which increased the malicious user's wealth while completely destroying the integrity of the coin's blockchain. HoriZEN (formerly ZenCash), Ethereum Classic, and many other great cryptocurrencies have been the victim of NiceHash's platform.
For this and many other reasons, we highly recommend that you stay AWAY from Nicehash. We understand that it is extremely easy to use and you get paid in bitcoin, but they are destroying the industry with their greed and lack of motivation to change their platform for the protection of cryptocurrencies.

Concluding Thoughts

This is pretty much everything you need to know to get started. We covered the hardware, setting up the software, which software to use, and AIOMiner's tutorial will get you up to speed on how to actually mine the cryptocurrency that you want better than I can explain it, so I'll leave that part to them.
If you have any questions on this crash course, please leave a comment below where myself and other community members will be able to help you out.
submitted by The_Brutally_Honest to gpumining [link] [comments]

With the pretty awesome rise of almost all crypto currencies, it's time to restart our machines and mine the most profitable coin today 30.01.2020!!!

So let's talk about the GPUs to start with, the ranking has radically changed and even those that were running at a loss have become profitable again The top 10 chart:
1.NVIDIA GeForce RTX 2080 Ti 4.60 Mh/s 220W $1.35 $0.55 Zcoin(XZC) MTP Algo
2.NVIDIA GeForce RTX 2080 4.00 Mh/s 190W $1.17 $0.48 Zcoin(XZC) MTP
3.AMD Radeon VII 78.00 Mh/s 230W $1.22 $0.39 EthereumClassic(ETC) Ethash Algo
4.NVIDIA GeForce GTX 1080 Ti 3.60 Mh/s 190W $1.05 $0.37 Zcoin(XZC) MTP
5.AMD Radeon RX 5700 XT 51.50 Mh/s 140W $0.81 $0.30 EthereumClassic(ETC) Ethash
6.NVIDIA GeForce RTX 2060 2.60 Mh/s 130W $0.76 $0.29 Zcoin(XZC)MTP
7.NVIDIA GeForce RTX 2070 2.80 Mh/s 150W $0.82 $0.28 Zcoin(XZC) MTP
8.NVIDIA GeForce GTX 1080 2.80 Mh/s 150W $0.82 $0.28 Zcoin(XZC) MTP
9.NVIDIA GeForce GTX 1070 Ti 2.50 Mh/s 130W $0.73 $0.26 Zcoin(XZC) MTP
10.NVIDIA GeForce GTX 1660 Ti 2.00 Mh/s 100W $0.59 $0.22 Zcoin(XZC)
Now let's go to the asic Top 10:
  1. Innosilicon A10 ETHMaster 500.00 Mh/s 750W Ethash $5.13 EthereumClassic(ETC) Ethash
  2. Bitmain Antminer Z11 135.00 kh/s 1418W Equihash $3.45 Pirate(ARRR)
  3. BlackMiner F1+ 22.00 Gh/s 860W Eaglesong $3.23 Nervos(CKB) FPGAminer
4.Bitmain Antminer B7 96.00 kh/s 528W Tensority $1.87
5.Bitmain Antminer S17+ 73.00 Th/s 2920W SHA-256 $1.67 BitcoinSV(BSV)
6.StrongU STU-U6 420.00 Gh/s 2100W X11 $1.52 Dash(DASH)
  1. Bitmain Antminer S17 Pro 56 Th/s 2212W SHA-256 $1.46 BitcoinSV(BSV)
  2. Bitmain Antminer S17 59.00 Th/s 2385W SHA-256 $1.34 BitcoinSV(BSV)
  3. Innosilicon A9 ZMaster 50.00 kh/s 620W Equihash $1.08 Pirate(ARRR)
  4. FusionSilicon X7 262.00 Gh/s 1300W X11 $1.03 Dash(DASH)
Dont forget you can find around new Firmware for example for Z9/Z11 Efudd Firmware,and Hive OS firmwares which can Overclock S9/S15/S17 or Underclock (if your electriciy fee are too expensive), for example my S17 Pro I switched to new firmware (Hive OS) to 36Th/s with 900 Watts power gives me a 2.90 usd/day profit without electricity of course, for Z11 Overclocking without changing PSU from 135 to 150-160Ko/sol.
I calculated everything on the basis of 0.15 cens Kw / h.
Brand New Miner coming out:
ASICminer Zeon Turbo 400,000 Sol/s Equihash
Most Profitable Miner in the World. ASICminer Daily Revenue: $27 $16 (less 0.15 Kw/h fee) ASICminer Power Consumption: 2500W
asicminer dot co/shop (Factory)
submitted by pushingworld77 to BitcoinMining [link] [comments]

Electroneum Mining Earn up to $50 a day on your mobile

While Bitcoin and Ethereum mining is not expensive and not very profitable for regular users, there are a wide variety of cryptocurrencies that offer an alternative. There is nothing simpler than Electroneum mining and it guarantees money.
What is Electroneum?
Electroneum (ETN) is an anonymous cryptocurrency that runs on the blockchain and is based on the Bytecoin cryptocurrency blockchain. Electroneum cryptocurrency was launched in 2017 by a team of developers at the head of Richard Ells: he wanted to create a cryptocurrency for the smartphone market and games and apps running on these devices. In 2017, the team organized an ICO (they collected $ 40 million earlier than planned) and launched iOS and Android apps for ETN mining.
An important feature of Electroneum is its availability and simplicity of counting. Most Bitcoin owners don’t really like that an asset consists of 100,000,000 satoshi — it complicates the calculations. Electroneum uses only two digits after the separator: Instead of “0.089151 BTC” you will see only 21.45 ETN.
Electroneum has what it takes to be a viable alternative to Bitcoin. Some of the features worth mentioning are:
.The transaction speed and security of the coins are as good as Bitcoin (and some even claim that Electroneum is safer). .It can be stored both in the cloud and in offline wallets. .The development team is impressive. The company consists of professional engineers, entrepreneurs and marketers. .It can be easily removed on a smartphone or other device.
In short, although Electroneum is based on its own chain, it has a lot in common with Bitcoin.
Is Electroneum Mining Profitable?
Electroneum cryptocurrency mining is very simple and affordable: those who don’t even have powerful computers can handle it. You can even use Electroneum on the background of the computer. But there is another distinctive point like below. Since Electroneum was created for use by smartphones, you can mining using your mobile phone.This is the most preferred and easiest
How to make Electroneum mining?
Many crypto owners believe that it is better to mine alone without a pool, but beginners are strongly recommended to start cryptocurrency mining with other participants. Pools allow you to receive payments every day, and Electroneum is supported by many platforms that differ in their commissions and reliability.
Electroneum Mining on Mobile Devices (Android and iOS)
You can earn Electroneum using your mobile phone. Follow these steps to install the app and register as a user:
“Download” Barcode reader from this link.
After installing the Barcode reader application on your phone, scan the barcode on the left side
Enter the Code when register the application: D65C7C
Check your email address to find an activation link
Enter your mobile phone. Enter the received SMS code in the field on the registration page.
If you lose your account PIN, enter an alternate email address where you can send recovery information.
Enter your PIN. You will need this every time you start the application or send a transaction.
Return to your inbox and click the link in the letter sent to you. This confirms that you have received a PIN recovery email. You can now enter the application.
This much. All you have to do is click the “Start mining” button.
You started making money
while mining phone
Electroneum Mining on Windows and Mac
Use xmr-stak-cpu software for Electroneum mining on CPU: Claymore provides a higher hash than CPU. The CPU version of this software is available from GitHub.
Download and then open the “config” file via any text editor. You should find the following lines in the text editor:
“Pool_address”: “pool.usxmrpool.com//333” “Wallet_address”: “ “Pool_password”: “
They need to be replaced:
“Pool_address”: “layer + ssl: / /etn-eu1.nanopool.org:13433” “wallet_address”: “Your ETN wallet address” “Pool_password”: “x”
Then look for the line:
“Cpu_threads_conf”: null,
And replace it with the following lines:
“Cpu_threads_conf”: [ {“Low_power_mode”: false, “no_prefetch”: true, “affine_to_cpu”: 0} {“Low_power_mode”: false, “no_prefetch”: true, “affine_to_cpu”: 1} {“low_power_mode”: false, “No_prefetch: true,” affine_to_cpu “: 2} {“ low_power_mode “: false,” no_prefetch “: true, “Affine_to_cpu”: 3} {“low_power_mode”: false, “no_prefetch”: true, “affine_to_cpu”: 3} {“low_power_mode”: false, “no_prefetch”: true, “affine_to_cpu”: 4} {“Low_power_mode”: false , “No_prefetch”: true, “affine_to_cpu”: 5},],
Each line connects the processor core separately. For example, if you have a 6-core processor, you can connect five cores and leave one for work. It is important that the first line starts from zero. Register and run the software.
Alternatively, you can try Electroneum mining GPU — there are both AMD and Nvidia options, but it means buying expensive graphics cards. The reward for a mined block is 7,000 ETN, which is quite generous. But is GPU mining worth the investment? You can check the profitability of electroneum mining here
Electroneum mining is a simple and energy efficient way to earn ETN tokens. If you’re new to crypto mining, consider starting your experience with this coin — having some ETN coins in your crypto portfolio will never hurt.
Since it is a mobile-centric cryptocurrency, you can install Electroneum application on your smartphone and continue mining with a single click every day. This is a small source of passive income. Also, don’t forget to join an Electroneum mining rig.
submitted by tolga1500 to u/tolga1500 [link] [comments]

Bitcoin Rhodium Mining Guide

Bitcoin Rhodium Mining Guide
Happy Mining!

All available XRC pools can be found on MiningPoolStats

Bitcoin Rhodium Mining Hardware

Baikal Giant+: 1.6 GH/s
Baikal Quad Cube: 1.2 GH/s
Baikal Giant: 900 MH/s
Baikal Quadruple Mini Miner: 600 MH/s
Baikal Miner Cube: 300 MH/s
Baikal Mini Miner: 150 MH/s

Mining Setup

To mine Bitcoin Rhodium you need to set up an XRC wallet and configure your miner of choice. You can choose between Web wallet, Electrum-XRC or Magnum wallet. To set up a web wallet please visit wallet.bitcoinrh.org. Or download and install Electrum-XRC wallet (recommended) for Windows, Linux and MacOS.
Web wallet: wallet.bitcoinrh.org
Electrum-XRC wallet: electrum.bitcoinrh.org
Magnum wallet: https://magnumwallet.co

Sign up for XRC web wallet if not yet done so

  1. Create an account, with your username, password and secure question.
  2. Sign in and click “Create Wallet”.
  3. Set up a strong transaction password. Make sure you store it securely in a secure password manager of choice.
  4. Copy the seed somewhere safe. It’d be a good idea to write seed on a hardcopy and keep it safe.
  5. Paste it to confirm you got it right.
  6. Grab an address for the mining step. Your wallet is now ready to mine XRC.

Instructions for mining XRC on the official pool

Pool link: poolcore.bitcoinrh.org
  1. Any miner that supports X13 will be able to mine XRC. We have a few examples below of miners that are well tested with Bitcoin Rhodium network.
  2. For any miner, configure the miner to point to:
(0–0.8 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3061
(0.8–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062
(3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063
(5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064
with your XRC address as username and x as password. You don’t need to open an account on pool. You will be mining to XRC address and mined coins will be transferred to your wallet
after blocks reach 10 block maturity
after you mined up minimal amount of coins (currently 0.1 XRC)
sometimes mined blocks could get rejected by network (orphaned) after they were counted as valid blocks. This is normal network behavior to follow longest chain
  1. http://poolcore.bitcoinrh.org is used to follow your miner and network statistics.

CPU Miner-Multi

Source: https://github.com/tpruvot/cpuminer-multi
Sample configuration with CPU Miner tested on UBUNTU.
“url” : “stratum+tcp://poolcore.bitcoinrh.org:3061”, “user” : “YOUR XRC ADDRESS”,
“pass” : “x”,
“algo” : “x13”, “threads” : 1,
“cpu-priority” : 5,
“cpu-affinity” : 1, “benchmark” : false, “debug” : true, “protocol”: true, “show-diff”: true, “quiet” : false
Command to run your CPUMiner: cpuminer -c cpuminer.json


SGMiner is a GPU-based mine: https://github.com/nicehash/sgminereleases
The configuration below was tested on Windows:
cd C:\Software\sgminer-5.6.1-nicehash-51-windowsamd64 sgminer.exe
— gpu-platform 1 — algorithm x13mod -url stratum+tcp://poolcore.bitcoinrh. org:3062 — pool-user — userpass :x — auto-fan — temp-target 70 — temp-over- heat 82 — temp-cutoff 85 — gpu-fan 65–85 — log-file log.txt — no-adl — no-extra- nonce -P –T


CCMiner is a GPU-based miner (NVIDIA)
Command to run your CCMINER:
ccminer-x64.exe -a x13 -o stratum+tcp://poolcore.bitcoinrh.org:3062 -O :without -D — show-diff

Baikal miner

Settings: Url:
(0–2 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3062
(3–4 GH/s) stratum+tcp://poolcore.bitcoinrh.org:3063
(5+ GH/s) stratum+tcp://poolcore.bitcoinrh.org:3064
Algo: x13User: your XRC receiving address (make sure you set 2 distinct addresses for each hashing board)
Pass: x
Extranonce: leave off Priority set to 0 and 1
Once pool stratum address and your wallet as user are set up you should see your miner mining against XRC pool. When miner is working the status column is green. The pool and miner are incorrectly configured now as status says “Dead” highlighted in red.

Instructions for mining XRC on BSOD pool

Pool link: bsod.pw/en/pool/dashboard/XRC/
Use this code for your miner: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig
BSOD pool allows both solo and party mining.
For solo mining use code: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=solo And for party mining use: -a x13 -o stratum+tcp://pool.bsod.pw:2582 -u WALLET.rig -p m=party.yourpassword
NOTICE: You can use us for North America and asia for Asia instead of euin your .bat file or config.
You can also use BSOD pool’s monitor app for Android and iOS.

Instructions for mining XRC on ZERGPOOL

Zergpool offers low fees (just 0.5%) and also SOLO and PARTY mining with no extra fees.
To mine XRC on Zergpool use this command lines for your miner:
Regular: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC Solo: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=solo Party: -a x13 -o stratum+tcp://x13.mine.zergpool.com:3633 -u -p c=XRC,mc=XRC,m=party
Use your coin wallet address as username in mining software. Specify c=SYMBOL as password to identify payout wallet coin, and the same coin in mc=SYMBOL to specify mining coin.
For more information and support please visit http://zergpool.com
Notice that when there are more pools mining XRC in different geographic/availability locations choose the nearest to you as lowest priority and then add desirable fall back pool options in different geographic locations or pools. This is useful when one pool experiences issues, to fall back to different pool in Bitcoin Rhodium network.

Calculate your Bitcoin Rhodium mining profitability

WhatToMine: https://whattomine.com/coins/317-xrc-x13
CoinCalculators: https://www.coincalculators.io/coin/bitcoin-rhodium

Feel free to ask questions in Discord community. There are lots of helpful people around the world watching XRC 24x7.

Bitcoin Rhodium Dev Team
submitted by BitcoinRh to BitcoinRhodium [link] [comments]

Intersecting and competing interests of miners vs. investors

This post is pure speculation but it's something that I've been thinking about for a while. This post is informational - it's not a quick FUD/FOMO analysis. However, I do make a case for being a long-term bull (i.e. years).
There are two major groups with large individual resources: miners and crypto investors. These aren't your general traders, these are large, multi-million dollar groups (or larger). Let's look at motivations of both to see how it can relate to prices.
Crypto Miners
Miners obviously want maximum profit. There are several ways to do this:
Note that Bitcoin's difficulty is at all-time high. Litecoin too. Increased difficulty means the same equipment will take longer to generate the same reward. Also note that with the upcoming halving - coming in a month for Litecoin and next year for Bitcoin - the reward for each crypto will significantly decrease. This means that - all else being equal - the profit for miners will drop significantly (temporarily, at least).
The other news is that your typical miner isn't making a lot of money. Like many other examples, economies of scale come into play and your big investors that have large facilities and equipment are the ones making more money. This means more power in the hands of fewer people who have a larger investment with their various interests. How is an individual going to compete with something like this?
Also note that when the crypto market fell at the end of 2017, miner manufacturers had losses due to lack of new buyers. This led to a collapse in prices for various ASIC equipment and related hardware. This does affect stock market prices. Although crypto hardware isn't exactly a huge profit center, check out stock prices for AMD, Intel, and NVidia for the last 5 years. You'll see articles like this and this that support my conclusions. Someone could dig more into this to get better numbers.
Crypto Investors
Crypto investors (the whales), don't really care as much about buying vs. selling - they can profit in either move in the price. However, shorting is risky and shorting crypto is very risky so more are likely to err on the side of growth. It also benefits them for any large swing in prices as opposed to steady growth. They want the market to continue to grow since if it shrinks, it can be destroyed and their profits will go away. They also don't want the market to get too large too fast but some things are beyond their control once they overheat. They're frustrated since they want to pump a lot of money into this - for massive profits - but this attention will be noticed. For instance, if some whale invests $50b into Bitcoin, it'll cause havok on the market and the prices so they have to have relatively small investments. The big institutions want to throw more money into it but they know that if they do, the market will get out of hand. Being noticed invites unwanted regulations and this leads to loss of control and, likely, lower prices with less opportunity.
Note that the interests of both miners and investors sometimes overlap. For instance, miners want the crypto price to be higher so they have higher profits. Investors will also receive the rewards through higher prices.
However, sometimes their interests are in conflict. For instance, if I was running a mining business and I had some resources, here's what I see: an increasing rise in costs due to higher ASIC prices, lower reward due to higher difficulty, and lower reward due to halving.
What's my solution? I would:
You can see how investors could be working for this where some miners could get money together to hire professional traders to do this. Same with companies like AMD, Intel, NVidia, and others (ex: Samsung) who stand to make a lot of money selling this equipment.
The simple problem with crypto is for it to succeed:
The only solution is for the miners - and their suppliers - to continue to pump crypto prices higher to maximize their profits... indefinitely. Investors help out with raising prices but they also help when the market overheats and they cash out and/or short. A market crash temporarily helps miners who can now buy cheaper equipment.
We've all seen charts like these. How else can you explain such projectors (due to past history)? You do that with the continued - almost mathematically calculated - rises and falls in prices over time. If you add in difficulty, ASIC prices, and miner profitability, I'm sure you'll see a pattern. Larger difficulty (i.e. more costs) and higher hardware prices require higher crypto prices for miners to continue to be in business. Considering the market is still relatively small, it's easier to manipulate for higher prices.
submitted by SsurebreC to LitecoinTraders [link] [comments]

Long-term investment in an undervalued blockchain-based wallet of Osclass Android application

Long-term investment in an undervalued blockchain-based wallet of Osclass Android application

Learn fundamental principles of earning money
Having plenty of bargaining and having received some additional income, some traders who become interested in the fundamental principles of earning money on the exchange come to the choice of long-term investment and try to be guided by the postulate of one of the leaders of the stock market, Woren Buffett, “the principle of investing in undervalued projects". Invest in shares of foreign companies, already formed giants, such as Apple, Alphabet, Tesla, Microsoft, Intel, Amd, Nvidia, Alibaba, Uber, Airnb, Naspers, or invest in the development of their software and create your own organizational structure, your a team of like-minded people and create a useful product in demand in the international community. The greatest prospects for making money when developing an individual product are to fill an unrealized niche of demanded services.
Having analyzed hundreds of investment projects, I came to the conclusion that for me personally, as for most investors, the most relevant developments in the field of mobile software and artificial intelligence are the most relevant, because such projects have the prospect of generating more profit (i.e., they are the most investment attractive).
Because Since 2003, I have been working in the field of developing Internet announcement services (free classified ads). A product created on the basis of Osclass open source software with the Android application has become the prototype for the implementation of the project in the field of growing blockchain developments, offline Internet wallets that do not require the presence of banks and intermediaries. Bitcoin-based cryptocurrencies served as an example for creating your own token (cryptocurrency), which provides a guarantee of calculating the cost of a product using third-party analytics services, such as Google Analytics, which track leads (sales) of site services. Thus, it became possible to create your own site (product) index and bring it to the virtual Internet cryptocurrency exchange with a cost regulated by automated calculation of the sales volume of the service. This model has become so attractive that in a project that begins its implementation anywhere in the world, any investors have the opportunity to invest funds regardless of status and location using Bitcoin, Ezereum and other cryptocurrencies. Such projects of financial instruments managed to raise several billion dollars in a matter of months, for example: EOS ($ 2.6 billion), Tezos ($ 1.2 billion), etc. That is. projects raised more money than would be necessary only on the faith of investors and the massive adoption (degree of scalability) of cryptocurrencies.
I came to the conclusion that our product is universal because it meets such factors as: scalability, multilingualism, cross-platform, openness, security, design, etc. After all, the site has been translated into dozens of languages, uses open source code, is safe. The project provides modules and plugins that can be developed by anyone who knows the PHP programming language (analogous to C ++) and creates various useful services needed in his country or region and sells / transfers these plugins to all project partners thus making the company stronger, and accordingly all its members are richer. Think about where else such projects are offered on the market, who can give you the opportunity to earn from $1 - 18,000 (similar to Amazon) in a matter of years (say 3-10 years) by further withdrawing to any decentralized cryptocurrency exchange? According to my observations, no one. Although everything has a place to be - perhaps you will show some better than projects and can offer more optimal investment conditions.
#investments #investing #osclass #blockchain #bitcoin #undervalued #project ###
submitted by reslavr to u/reslavr [link] [comments]

Understanding dividend paying coins (NEO and COSS) and why dividend stocks are the most lucrative investments for Stock purchasers

Some of the most popular Stocks are the ones that pay dividends. Nvidia’s stock has skyrocketed over the past year because of the growth of their company and the dividends that they are paying out. Not to mention the potential of AI to drive even more profits for Nvidia in the long term.
All smart investors know that the best investments are the ones that provide a passive source of income. Why is the real estate market so lucrative? Because every property you buy has the potential to grow in value but also pay you a ROI from renting/leasing out the properties.
In this post I will be discussing two dividend sharing coins, Neo, and my favorite COSS which I feel is significantly undervalued. There are many more dividend sharing coins that everyone should take the time to research as these may be the best long-term investments out there. Before I dive into these two coins let me start with a quote by Warren Buffet:
“If you don't find a way to make money while you sleep, you will work until you die!”
As I always say for all my posts, do your own research! Don’t just blindly follow others that tell you to invest in coin X or coin Y. Find out if the coin is worth investing in and spend a couple minutes and read up about them and make your decision by yourself.
COSS (Crypto One Stop Solution) is an Ethereum based ERC223 token that when held by investors shares fees earned by the parent exchange: https://www.coss.io. The exchange itself has approximately over 80 trading pairs and will be adding several more this month. All the trading pairs are traded against either Ethereum or Bitcoin. The exchange offers COSS token holders a split of the fees they earn through their trading volume. Dividends are paid out weekly in the form of all coins traded on their exchange. The coins that have the most volume are the ones you earn most of. For example, since everything is traded against Ethereum or Bitcoin you will mostly earn in Bitcoin or Ethereum by holding COSS tokens. The best part about this is that you earn so many different coins that all have potential of growing in the long term with the growth of cryptocurrency. For those people that are always thinking about diversifying this is one of the best ways to do so by earning dividends in so many different altcoins. Currently the COSS exchange has more than 7 million USD in volume. Based on this COSS dividend/price calculating website http://coss-stats.com/, you can see that the Token is currently undervalued based on a 5% return on investment calculation. (You can test this by setting Exchange volume to 7 million and ROI to 5% and clicking calculate price, it returns a price of 0.64 USD and COSS is currently valued at 0.28 USD). Apart from all this COSS is launching FIAT trading this month, this means that not only will you be earning more dividends through fee splits from the FIAT gateway but it will bring more trading volume to the exchange itself. Just imagine if Binance shared the profits of the fees their exchange earned weekly with Binance coin holders, holding just a few of those would make you a lot of money in dividends. COSS is far from the level of Binance but with the growth of the Cryptocurrency market in the coming years this is a coin everyone wants to have in their portfolio. For those that are skeptical COSS is a fully compliant exchange with the Monetary Authority of Singapore so it has some strong credibility behind it and will be more difficult to shutdown compared to several other unregulated exchanges out there today.
NEO or as some like to call it the “Ethereum of China” is a smart contract platform designed to allow development of smart contracts to build a scalable network of decentralized applications. Many ICOs have already launched on the platform proving it is a viable alternative to the Ethereum blockchain. NEO’s blockchain is run on another token termed GAS. GAS is used to pay transaction fees generated by applications using the network. All investors that own NEO tokens earn dividends paid out in the form of GAS tokens. GAS can subsequently be sold to realize the dividends earned. GAS earnings are entirely dependent on the use of the network, as the network becomes more widely used the more dividends NEO holders will earn. Again, this all relates back to the growth of the cryptocurrency market and adoption of blockchain technologies. For those that say that Ethereum is the only platform that will be used in the long term I think they don’t realize that there is always room for competitors, just look at PC vs MAC, iOS vs Android, Amazon Echo vs Google Home. In the same way there will always be room for competition in the crypto world.
If you are a long-term investor in the cryptocurrency space consider Dividend paying coins. This way you can invest now and make money while you sleep in the coming years. In particular look at NEO if you believe in the growth of decentralized applications and want to earn a piece of that market. Look at COSS if you believe in cryptocurrency as a whole, if you believe exchanges are here to stay, and want to diversify your cryptocurrency portfolio with many altcoin pairs, but while mostly earning in Ethereum and Bitcoin.
Useful Links:
COSS Exchange: https://www.coss.io
COSS Dividend calculator: https://www.coss-stats.com
COSS Exchange volume: https://coinmarketcap.com/exchanges/coss/
COSS Token statistics: https://coinmarketcap.com/currencies/coss/
NEO Dividend calculator: https://neotogas.com/
NEO Token statistics: https://coinmarketcap.com/currencies/neo/
GAS Token statistics: https://coinmarketcap.com/currencies/gas/
submitted by blockchainguy101 to CryptoCurrency [link] [comments]

The Hempcoin Community Guide Q1 201

Table of contents:

  1. Preface
  2. Tools:
    • Masternode Calculator
    • Fork Preparedness guide
    • Mining Guide
  3. Current projects
  4. Social Platform Links
  5. F.A.Q's


In the past month, we, the team at The HempCoin have been making some huge changes, both internally and business development wise. We have added 3 new roles to the team: Community Outreach Manager, Business Development Manager, and Brand Ambassadors. Thanks to this, we have had many new developments which have shifted our timeframe a little as you may have seen. That being said, we are committed to ensuring our community is kept as up-to-date as possible and provided with as many support materials as we can create. We've spent the better half of two weeks writing up this guide and the tools included in it, in hopes that it will help answer many of the common questions we have been seeing and even some of the less common ones.


Masternode Calculator:
Ever since we have announced that we will be forking into a masternode coin, we have been asked for the details and specifics of the reward payout for a node. Seeing this, we have created a Spreadsheet that is editable by the community. It will calculate the rewards for any number of nodes, and also tell you the expected payout in USD based on a price the user can input. You can find the link to the sheet here.
Fork Preparedness Guide:
This guide will ensure you will be completely prepared for the upcoming fork. We have been seeing many questions about the fork which is understandable, and hopefully, this will alleviate many of those by ensuring all of our investors know how to make sure they are prepared, no matter their platform.
Windows: Currently there are two options for coin storage on windows. Bittrex, the exchange that THC is currently traded on, or our official wallet. the safest and most secure option would be to store your coins in the private wallet, however, Bittrex has also confirmed with us that they will be supporting our fork. If you are planning on storing your coins there, all you need to do is purchase the THC and leave it be, once we fork, you will get the new coin from bittrex automatically and that is all. If you intend on using our private wallet, you can download the most up-to-date version from our GitHub here. Once you install it, you will need to let it run to synchronize, this has been known to take a very long time (due to having to sync all blocks since 2014). Once we fork, we will ensure this is alleviated, however, for now, you can follow the tutorial that was written here which will help you go from needing about 2 weeks to sync to about 3 hours at max. Either of these coin storage options will ensure you are completely supported during our fork.
Mac: At the moment, our current wallet only supports the Windows platform. Once we complete our fork there will be a wallet available for all platforms including mac an Linux. So, if you do not have access to a Windows PC your best option for securely storing your coins during our fork is to store them on Bittrex. They have confirmed with the team that they will be supporting the fork so your coins will be safe with them.
Linux: As you may have read above, our wallet currently only officially supports the Windows platform at the moment, however, there have been users who have reported that they have been successful in installing the wallet on Linux. However, at the time, we do not officially support the platform. Our advice would be the same as provided to the Mac users, storing your coins on bittrex would be the best option until our Linux wallet is available.
Android: Currently, the only wallet we know of that will support THC on android is Coinomi. The community has been asking on their support forum if they will be supporting the fork and the reply that was received was somewhat unsure. They stated that no coins will be lost, but never confirmed if they would be adapting to the new algo and giving out any new coins. As the team, we have not heard whether or not they will be supporting the fork so the best plan for android users would be to either transfer your coins to a windows wallet, or to bittrex to ensure you are supported. We are not saying coinomi will not support the fork, however, it is an unknown, and we would prefer to ensure that there is 100% support.
Mining Guide:
Lately, we have seen quite a few inquiries about the possibility of mining THC. Currently, there is only one pool that we are aware of which is hosted on the mining-dutch.nl. The tutorial written below will cover how to get started mining with an NVIDIA GPU using the mining-dutch servers, on a Windows-based PC. AMD GPU's have a very similar process, the main difference will be that you need to swap out the program CCMiner for a program which supports the AMD architecture.
To start mining you'll need a few things:
  • A decent GPU (as many as possible really, these are the brains of the operation).
  • A fairly well-ventilated PC case(if you're just mining with your gaming PC)
  • Instead of a PC case a lot of big-time miners just use shelves and build the multi-GPU rigs on those.
  • A mining program (For this tutorial we will be using CCMiner but there are plenty of great alternatives out there too)
  • A pool to mine from (Think of this as a meeting place for all the GPUs to team up and mine faster)
Now that we know what we need to mine, let's get started on setting it up:
  1. Download the correct version of CCMiner: CCminer for 32bit systems or CCminer for 64bit systems (both of these files are just pulled straight from the github).
  2. You may need to install a program to open 7z files such as WinRar.
  3. Extract these files to somewhere like C:\Program Files, or at least somewhere you won't forget about them.
  4. You should see an api folder, a program called ccminer.exe (sometimes ccminer-x64.exe) and a few other small files. What you want to look for is ccminer.conf, this is your config file. You use this to tell your program what pool to mine from.
  5. Open up ccminer.conf with notepad or notepad++ if you have it installed (or really any other coding software) and now we can get to the file editing.
  6. When you open ccminer.conf you should see something that looks like this. (excuse the pastebin link, reddit doesnt seem to like code in lists.)
  7. Next, go to the mining-dutch link and setup an account. (Direct link to signup page)\
  8. (These next links will likely only work once you register and sign in)
  9. Proceed to the workers page (Normally found under My Account>My Workers)
  10. A worker is essentially telling the pool what machine is working for you. Create a new worker by entering in "Workername" "Password" and check the monitor box. Now just hit create.
  11. Now, go back to the ccminer.conf file that we opened earlier. If you follow this link you should see something that looks very much like your file, however, it also has labels, #1, #2, #3.
  12. On your file, fill in #1 with "stratum+tcp://mining-dutch.nl:3435" (this can be found on the mining dutch website, its just hidden. In the top right, click the cloud with the blue icon (getting started) then scroll down to the Vardiff address for Hempcoin)
  13. #2, enter your "loginname.workername" Login name being your username to login to mining-dutch, then workername being what you just named the worker we created.
  14. #3 can be filled with anything, they don't use passwords.
  15. This should really be all you need. Now save the ccminer.conf and then just run ccminer.exe
If all of this was done correctly you should see a command-prompt window pop up and your machine start to mine. It takes some time to get going so that is not unheard of, and also, if you look at the dashboard you may not see your worker show up for a while. This is normal, it uses averages over time to tell you what performance it is getting so it won't have a proper value for a few minutes.

Current Projects

We are always working on advancing all of our roadmap goals, however, lately, we have been focusing on a few key projects which are listed below (in no specific order).
  • Putting the finishing touches on the new wallet.
  • Ensuring bittrex is ready for the fork.
  • HempPay.
  • Merchant Services
  • Our mobile app
  • Graphics that will better represent the new THC.
  • A brand new website (launching soon!).
  • Connecting with many different owners/affiliates/partners to businesses which would like to use THC locally.
  • Implementing the ambassador program
  • Internal organization to ensure everyone is on the same page at all times.

Social Platform Links

One of the larger changes we have made is to bring a community outreach manager onboard to work on communication. We may have had missteps in the past, however that is in the past, we have changed and want to ensure we show you that change! Keeping in line with that, we have heard your cries for a more community-oriented social stance, so, we have created an official discord chatroom where anyone can come and chat with some of the devs, or the rest of the community to stay in the loop. We have also created a telegram more recently, which as of the date of typing this, has over 1000 members already, and it was only released less than a week ago. We do ask that everyone who joins reads over the rules that are posted in both locations and abides by them so we can have a clean and organized community. We are always looking to expand and if you have any more suggestions feel free to let us know!


Q: I transferred X amount of THC to my wallet, but it's missing? A: The first step to ensuring you never lose any THC is to confirm the wallet address. Always, always, always double and triple-check that the address you input is the same as your address. If there are ANY typos at all, you will not receive your coins. If you have checked and are sure that the address is correct, check your wallet. If you have just installed it, chances are you are still syncing with the blockchain; you will need to wait until you are caught up to see the THC. It's best practice to sync your wallet before you make any transfers. To check the status of your synchronization, check the debug menu in the wallet, it will show you the exact date you are synced to. Lastly, if you are for sure synced, and you have used the correct address, check the transaction ID on the block explorer. This will show what happened with the transaction and allow you to follow where it went. It could also still just be in progress, sometimes it can take up to an hour if there are service delays with the exchange or even just your internet connection.
Q: Why have there been so many delays with THC? You have been around forever! A: Although THC was one of the first 30 cryptocurrencies mined in 2014, the unfortunate truth is that before April 2017, there was no active full-time team. Since then, the original THC FoundeDeveloper and current CEO Tim has worked hard to add incredible new developers, a business outreach team, an entire marketing team, and the brand ambassadorship program. It has taken us a little time to organize, but we are finally in sync as a team and prepared to unleash this business on the world.
Q: When is the fork? A: As many of you have noticed, our whitepaper says fork will occur by Q2, while we previously announced Feb. 23rd. We did this not to provide our community with doubts, but to allow ourselves an added bit of time for our dev team which, like the rest of our team, has added new members in recent months. Due to this, we are far further along with our HempPay platform than we thought possible; as such we will be hiring 3rd party code auditor to audit our code to ensure we run as smoothly as possible. We would much rather delay a fork than risk any of our investor's privacy or security and fork too early. We also want to reiterate that we have a direct line with Bittrex and they will 100% support our fork. We do appreciate everyone’s patience with this transition into the future of THC; we’re working hard to ensure that we fork as early as possible.
Q: Will Bittrex be supporting the fork? A: We have seen this question come up many times now and the answer is, and will always be, yes. Bittrex is well aware of our plans and they know exactly where we stand regarding the fork date. Bittrex has also asked requested our community stop creating support tickets just to confirm the fork. They have been overwhelmed this week with the same question over and over. The final answer here is yes, Bittrex will be supporting the fork and we are in constant contact with them to ensure everything is going as planned.
Q: Will purchases with a credit card to HempPay count as cash advances? A: We are still in the middle stages of building HempPay and finalizing the format for operation and contractual agreements. We intend to partner with exchanges and use their API to make the purchases, so buying THC through our app will have the same effect as using your card to purchase straight from an exchange. Please note that HempPay is still in development so exact details may be subject to change.
Q: What is the cost for a masternode? Some say 10,000 others say 20,000 THC is required. A: To run a masternode, 20,000 THC will be required. We do acknowledge that during our transition, we had originally stated 20,000 and then our team announced 10,000 THC will be required. We have since readjusted our plan, realizing that the low requirement would sink MN profits and lower incentive. Instead, we returned the requirement to 20,000 THC and increased the node reward by 66%. For more information please check the masternode calculator in the Tools section.
Q: I heard Bittrex may delist THC. What?? A: Short answer: No and not even close. Long answer: This rumour was started over a year ago, it was based on a Bittrex Support post from January 27th, 2017. The only post we appear in is the one mentioned above. You will also see that we only appear due to being listed as a potential for removal, due to a lack of volume as most altcoins saw at that time. You will note the size of the list of altcoins here. We are now in direct communication with Bittrex daily and we unequivocally state that there is no need to worry about us being removed at all.
submitted by zacharyd3 to thehempcoin [link] [comments]

Guide: Getting started with NiceHash

Hello Everyone,
In one of my my previous posts, quite a few people noticed that I had a cryptocurrency miner open on my second monitor and have requested that I create a guide on how to mine cryptocurrencies when their computer is not in use. I am not looking to start a GPU price war or any hatred towards anyone. I just want to share an easy way to get started mining cryptocurrency and allow people to earn a few extra dollars when their PCs are not in use. I am a gamer myself and love having the spare cash to upgrade hardware or a new game every once in a while. I hope this helps everyone who is interested and will do my best to answer any questions.
I am going to outline how to use NiceHash, which is the easiest way to get started. Please keep in mind that this is not the most profitable method to mining at the moment, but will provide a return to most users and is compatible with AMD, Nvidia, and CPU mining. I always suggest to check what you can earn with your current hardware first and also consider the price of electric before getting started. An estimator can be found here: https://www.nicehash.com/profitability-calculator
Before starting, I would like to remind everyone that mining does cause a higher load on your hardware. Due to this the temperatures of your hardware will rise and I suggest that you keep an eye on them. Make sure you know the safe temperature ratings for your hardware, have proper cooling, a power supply that can support your hardware under full load, and that your hardware is clean. Remove any dust or debris before getting started to ensure that your PC is running at its best. Even if you aren't mining, these things should be kept in order.
Getting Started:
  1. Head over to NiceHash.com and in the middle of the page, in the box that says "Sell" click on the green "Download" button.
  2. Download and install the supported miner for your hardware. (Nvidia or AMD)
  3. Head back to NiceHash.com and create an account by clicking on "Register" in the upper right hand corner. You may be given the option to setup an account as a "Buyer" or a "Seller". Since we are selling our compute power for bitcoin, we are "Sellers".
  4. Once your account is created, open up the NiceHash miner on your computer. You should see two windows open, a command prompt which is the miner and a graphical user interface (GUI). In the GUI, you will need to log in to the account you have created so the earnings will be deposited in to your NiceHash account.
  5. Open up your favorite hardware monitoring application (Such as Open Hardware Monitor) so you can monitor temperatures and performance and close out of all other programs except for NiceHash and the hardware monitor. Benchmark your hardware inside the NiceHash GUI. This will test your hardware and allow the application to automatically mine the most profitable crypto algorithm available and help maximize your profit. Also, you can select the hardware you wish to mine with or disable from mining here as well.
  6. Because NiceHash has no fee to deposit your earnings to CoinBase, I am recommending them as the place to deposit and sell your bitcoin earnings. Head over to https://www.coinbase.com/join/597148c1a66a5b0156923d1e (This is my referral link. I would appreciate it if you use it, but if you wish note to, feel free to remove go directly to the site. It doesn't cost you anything or affect your account in any way, but it gives me a small bonus for referring people and I would appreciate it very much.) and create an account. Coinbase will allow you to cash out your bitcoin earnings in to your bank account or keep them for later. We all hope the price rises again, right?!
  7. Go back to your NiceHash account and click on "Wallet" in the top bar. This is where your earnings will be displayed as well as the ability to link with your CoinBase account. When you have mined enough, you can withdraw to your CoinBase account. All of the information should be provided on the websites and should be pretty simple to follow. If you have any questions regarding these sites, please ask!
  8. Close out of all your open programs except for NiceHash and your hardware monitor, then click the green "Start" button. This will start mining and you will see output in the command prompt such as your hash rate and the algorithm that NiceHash is mining. It will also display your account balance, your daily estimated earnings, and other information. You may notice that your computer is sluggish or not responding as quickly as normal due to it being under load.
  9. ???
  10. PROFIT!!!
I hope you all find this useful and that you can earn a few extra bucks by mining. Whether it be a free coffee, a new game, or just the ability to get in on the bitcoin gold rush, I hope this helps everyone who is interested and gets a few people started. If you have any questions please ask. I will try to stay up to date on this post and edit it with the most frequently asked questions.
submitted by EatMyPoopiePies to cryptomining [link] [comments]

How Intel Hopes to Catch Rivals With Its Latest Chips

After years of delay, Intel is offering a new line of processor chips for laptops that could close the gap with rivals that have surpassed the company in semiconductor manufacturing technology.
On Thursday, Intel unveiled details about 11 chips that can power everything from thin, light laptops to more powerful devices suitable for video editing, developing software, or playing high-resolution games. Intel said the new line of chips, dubbed Ice Lake, was already in production for laptops that would go on sale by the holiday shopping season from Dell, Hewlett Packard, Acer, and Lenovo.
Intel’s announcement comes as it tries to play catch up to rivals like Taiwan Semiconductor and Samsung in manufacturing high-performance processors. Those rivals in turn make chips for direct Intel competitors like Advanced Micro Devices, Qualcomm, and Nvidia.
New Intel CEO Bob Swan has pledged to get Intel back on track, partly by seeking less ambitious improvements in future chips. Still, Wall Street sees a long battle ahead over server, laptop and desktop PC chips, one that could dent Intel’s profits and market share for the next few years.
The Ice Lake laptop chips include up to four separate processing cores each, built-in support for graphics processing, and top speeds as fast as 4.1 GHz. Intel said the chips could play top video games or process edited videos at twice the speed of its prior generation of chips. But the company didn’t include the results of any typical PC benchmark tests and the graphics performance claims.
Intel said the chip are its first to include a special features to speed up machine learning and artificial intelligence apps even on the lightest laptops. That could help with increasingly common tasks like recognizing people in photographs and interpreting voice commands.
The new chips also incorporate the next wireless standard, called Wi-Fi 6, which Intel said transfers data at three times the speed of older Wi-Fi using the current 802.11ac standard. (The standard has nothing to do with the next-gen mobile standard 5G.)
The new technology Intel developed for the chips, which the company first touted would be ready as early 2015, allows it to cram more transistors on each processor, speeding calculations and requiring less electricity than older chips.
It has taken about five years for Intel to shift from chips at a scale of 14 nanometers down to Ice Lake’s 10 nanometers, or about 1/10,000 the width of a human hair. Although the nanometer-based standards are more of a shorthand than an exact measurement of chip features, smaller scale means less power consumption and higher performance in the same-size chip.

More must-read stories from Fortune:

Q&A: Microsoft CEO Satya Nadella wants to conquer cloud gaming
—What CEOs, bankers, and tech execs think about a coming recession
—Facebook is working on sci-fi tech that would let users type with their minds
—Blockchain launches “fastest” crypto exchange in the world
—Apple is only paying thousands to squash its million-dollar bug problem
Catch up with Data Sheet, _Fortune_‘s daily digest on the business of tech.
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Repost - I hate my Fucking Mining rig! (Not really)(Long)

Wanted to write a short write up on my journey of Crypto mining for some of the newer people and people who want to get into it. Not trying to discourage anyone from starting, but want to show the progression of a newbie.
So I am a good with computers and learned of Bitcoin when it was about $7 a coin. Laughed at the idea of some computer doing some math and getting some BS currency. Million dollar mistake on my part, but hindsight is always 20/20.
Anyways, Learned about ethereum in May. Bought some at around $180 and bought all the way up to $330. Now to the mining rig. Ran all of the calculations and with a 180 hashrate and 900 watts I was gonna get 6-7 Eth per month. Shit was gonna be profitable in under 3 months. I was gonna be a fucking crypto allstar and be rich as fuck!
Bought all of my parts literally the day before they were nonexistent. Literally bought the last RX480's from Amazon. Here is a list of my parts.
Asrock board Pentium dual core processor 4 Gb of ram 128 gb SSD 1200 watt Rosewill PSU 6 Sata to Molex PCI Risers (Junk) 6 RX480's - 2 Asus Strix, 4 Gigabyte Total cost - Roughly $2,500 (Pennies compared to my future ROI)
Please keep in mind that I am not posting every single miner issue that I ran into such as fucking with Wattman for a few weeks before learning about Trixx and Afterburner.
I've built computers before, so that part wasn't hard. Set everything up and get windows 10 running.
Problem 1 - Computer doesn't see all of the cards. Had to run the drivers a few times and tweak some shit, but got all 6 cards seen.
Miner hurdle (See what I did there) but off to the races. Let's get this bitch running so I can begin planning my retirement.
Get Claymore running, Got Trixx to overclock. Ran my cards at -96, 1200, 2200 fans at 85% (Cause I'm cool like that.) Major stability issues from the start. 1 card (Asus) would crash all the time. Didn't know about the watch dog feature in claymore that would restart my rig when a card crashed. Great feature but my computer would go into this state of having power, but not loading the operating system. Even if it did restart, most of the time claymore would get stuck right before setting the dag's and would just lock up. (Claymore program is awesome by the way, this was my rigs fault)
Could not get this fucking Asus card to stop crashing, even on stock settings. Sent the bitch back RMA style. Asus said something was wrong and sent me a new one.
Awesome, lets get this bitch running. I need to start looking at sick houses in Costa Rica to move to once I am rich as Fuck!
New card makes things better for a few days. Not 100% stable but better. Go to vegas for a driving thing (Race cars - Future rich guy stuff) and this mechanical demon starts crashing every few hours. Luckily I had Google remote desktop installed so I could log on and restart it or change settings in Trixx. Had to have my GF unplug it and plug it in a few times.
Get back home, fuck with this thing but still random crashes on random cards. Decide it is the PCI risers. Contact seller who will send me some more for free. Slow boat from china took two weeks to get them. They arrive but still some of them are bad. Can't seem to piece together 6 good ones.
Did some research online (Ethereum Forum and Reddit) and decided to get some new style of risers V007 6 Pin to Sata ($70) and they take a month to get here. Plug them all in and they seem to be working much better. Decent stability, But I ain't got time for fucking stock bios. Let's ramp these bitches up and get 32 MHs per card at 600 watts from the wall!
Actually flashing the bios was pretty easy. Thank you 6 pound 9 ounce baby jesus! Long story short had some major stability issues and bounced around with some different timing straps before finding the right ones. (Uber 3.1 for Samsung memory)
So now that we've got some good hash speeds and decent stability let's ramp this private ATM up a little bit by dual mining some Decred. Get dual mining up and running. go to sleep. Wake up the next morning expecting to see myself on the top 100 forbes list. look at my mining rig stats on my phone and see that it died roughly and hour after I went to sleep. Walked toward my rig on the red carpet I had just installed and saw that it was off. Flicked on the light to check it out. No light, WTF? Well I'll be god damned, no power in this whole fucking room. Checked my breakers and sure enough this metal motherfucker tripped my breaker.
No worries though. I'm smart as fuck. I'll just undervolt the shit out of it to get the power down. No way in hell I am just mining ether. I'm going balls to the wall!
As you can expect I had many days of stability issues and tripped breakers. But fuck it, I have homeowners insurance. Burning it to the ground will be covered. (Didn't happen)
My surge protector must be maxed out. Let's buy a bigger one ($25). Same issues.
Fuck Decred, I'll mine SIA, less power. Damn I'm smart.
Rig is more stable with Sia and no tripped breakers. Family medical emergency, have to fly north for a few days. But my rig has been fairly stable and I've got remote desktop if anything goes wrong.
Arrive at airport, check mining stats, rig is down. No worries remote desktop. FUCK, not responsive, no way to remote into the rig and no way to remotely power it off and on.
Lost 4 days of mining. But no worries the difficulty is only, Holy shit that's high! But the price of Ether will make up for it. Ether crashed to the $200's. Oh well, maybe a 10 room house in Costa instead of a 12. No sweat.
Get back to my house and this whore of a machine is just sitting there in a computer coma. It's on but it's not. LED lights glaring at me like "Fuck you human, I ain't doing your stupid math problems!" Fuck you machine, I'm your master. You will do my math problems and you will fucking like it.
My AMD Drivers seem to disappear and the computer goes into a coma like state. Someone on Reddit suggested using the 16.9.2 drivers. Installed and they worked better.
Still random crashing. This shitty PSU must be maxed out. Fuck you PSU, I'm getting you a little brother (EVGA 750 gold $120.)
What do you mean you have to jerry rig a second PSU so it starts without being connected to a motherboard? 2 more hours of my life wasted.
But finally some stability. On my way to being fucking rich. I start looking at people in bentley's and can only laugh. You dumb fuck, I'm gonna be way richer then you. Gonna get a Bugatti for each day of the week.
Damn this difficulty is a bitch. Fuck you Genesis Mining and your pallets of GPU's. You're killing me smalls!
But anyway, on my way to rolling around in my fuck you money!
Fuck you dag file 135, you're killing my future millions. Fuck you dag 138, you dropped me to 167 mhs.
Thank god AMD was there to save my ass with their dope ass blockchain drivers.
download, run DDU, Restart, install drivers, restart, run pixel patch, restart. Perfect, I'm in the money now! I can taste the caviar and champagne already.
Now my cards only run 4 Mhs each. WTF? Try a bunch of the other new drivers. Same shit. Roll back to 16.9.2 and they run fine, just at 167 instead of 180.
Someone on a forum said he had the same issue and did a fresh install of windows 10 and it worked.
So I'll just reformat my SSD (Windows wouldn't do a fresh install within the operating system. Fuck you Bill Gates! Gonna buy you once I get this thing running at 180.)
Format SSD, plug back in, throw in my gangster ass boot USB drive. Ramdisk error. Fuck you Bill Gates! Reformat SSD multiple times, lots of forum reading. Install windows from another computer through command prompt (I'm a coder now as well.) This shit has got to work, I did it in command prompt bitches!
Same fucking error. Now down to an 8 bedroom house in Costa and only 6 Bugattis.
Let's try unplugging my 6 cards and see if that works. Thank you 6 pound 9 ounce baby jesus. Windows installed.
New drivers work and I'm back at 180! Raking in the cash now.
With those speeds my Asus cards crashed. Had to dial down the hashrate to 177.5 for them to be stable. So now going to use some commands in claymore to run the Asus cards at lower speeds while letting my other cards mine harder.
I wrote this to let people know that mining isn't all Bugatti's and caviar. These machines are fickle little cunts that do what they want. No system is the same. So when you post on a forum, people will give you advice on what may work. But what works for them, may not work on your rig. In the end it's up to you to figure it out.
I have spent countless hours after work and on weekends working on this bitch. Hell I've probably spent a few hours just staring at it and thinking about all of the ways I could destroy it slowly.
While I love Etheruem and do value the knowledge gained, I would have made more money just buying Eth and holding.
The guys you see on youtube building sick rigs with crazy specs have been at it for a while. They have worked through the process and know how to solve all of the problems. You have not and will have to work them out on your own.
My whore of a rig will pay for itself soon. But I would suggest that if you want to start building a new mining rig. Check the difficulty chart and make sure you have tons of free time to fuck with it.
I'd post my wallet address for donations since I just saved you $2,600. But I am afraid hackers will steal my monies :)
Hope you enjoyed my mining life story from the past few months.
Edit - Had an Asus card die on me and replaced it with a 1070ti. Nvidia is so much easier!
My rosewill 1200 watt PSU melted the 8 pin port and cable. Had to drop $300 on Amazons last 1300 EVGA.
But my rig has well surpassed it's cost and is still mining away like a champ. Eth for life!
submitted by dank4us12 to EtherMining [link] [comments]

The Nexus FAQ - part 1

Full formatted version: https://docs.google.com/document/d/16KKjVjQH0ypLe00aoTJ_hZyce7RAtjC5XHom104yn6M/

Nexus 101:

  1. What is Nexus?
  2. What benefits does Nexus bring to the blockchain space?
  3. How does Nexus secure the network and reach consensus?
  4. What is quantum resistance and how does Nexus implement this?
  5. What is Nexus’ Unified Time protocol?
  6. Why does Nexus need its own satellite network?

The Nexus Currency:

  1. How can I get Nexus?
  2. How much does a transaction cost?
  3. How fast does Nexus transfer?
  4. Did Nexus hold an ICO? How is Nexus funded?
  5. Is there a cap on the number of Nexus in existence?
  6. What is the difference between the Oracle wallet and the LLD wallet?
  7. How do I change from Oracle to the LLD wallet?
  8. How do I install the Nexus Wallet?

Types of Mining or Minting:

  1. Can I mine Nexus?
  2. How do I mine Nexus?
  3. How do I stake Nexus?
  4. I am staking with my Nexus balance. What are trust weight, block weight and stake weight?

Nexus 101:

1. What is Nexus (NXS)?
Nexus is a digital currency, distributed framework, and peer-to-peer network. Nexus further improves upon the blockchain protocol by focusing on the following core technological principles:
Nexus will combine our in-development quantum-resistant 3D blockchain software with cutting edge communication satellites to deliver a free, distributed, financial and data solution. Through our planned satellite and ground-based mesh networks, Nexus will provide uncensored internet access whilst bringing the benefits of distributed database systems to the world.
For a short video introduction to Nexus Earth, please visit this link
2. What benefits does Nexus bring to the blockchain space?
As Nexus has been developed, an incredible amount of time has been put into identifying and solving several key limitations:
Nexus is also developing a framework called the Lower Level Library. This LLL will incorporate the following improvements:
For information about more additions to the Lower Level Library, please visit here
3. How does Nexus secure the network and reach consensus?
Nexus is unique amongst blockchain technology in that Nexus uses 3 channels to secure the network against attack. Whereas Bitcoin uses only Proof-of-Work to secure the network, Nexus combines a prime number channel, a hashing channel and a Proof-of-Stake channel. Where Bitcoin has a difficulty adjustment interval measured in weeks, Nexus can respond to increased hashrate in the space of 1 block and each channel scales independently of the other two channels. This stabilizes the block times at ~50 seconds and ensures no single channel can monopolize block production. This means that a 51% attack is much more difficult to launch because an attacker would need to control all 3 channels.
Every 60 minutes, the Nexus protocol automatically creates a checkpoint. This prevents blocks from being created or modified dated prior to this checkpoint, thus protecting the chain from malicious attempts to introduce an alternate blockchain.
4. What is quantum resistance and how does Nexus implement it?
To understand what quantum resistance is and why it is important, you need to understand how quantum computing works and why it’s a threat to blockchain technology. Classical computing uses an array of transistors. These transistors form the heart of your computer (the CPU). Each transistor is capable of being either on or off, and these states are used to represent the numerical values 1 and 0.
Binary digits’ (bits) number of states depends on the number of transistors available, according to the formula 2n, where n is the number of transistors. Classical computers can only be in one of these states at any one time, so the speed of your computer is limited to how fast it can change states.
Quantum computers utilize quantum bits, “qubits,” which are represented by the quantum state of electrons or photons. These particles are placed into a state called superposition, which allows the qubit to assume a value of 1 or 0 simultaneously.
Superposition permits a quantum computer to process a higher number of data possibilities than a classical computer. Qubits can also become entangled. Entanglement makes a qubit dependant on the state of another, enabling quantum computing to calculate complex problems, extremely quickly.
One such problem is the Discrete Logarithm Problem which elliptic curve cryptography relies on for security. Quantum computers can use Shor’s algorithm to reverse a key in polynomial time (which is really really really fast). This means that public keys become vulnerable to quantum attack, since quantum computers are capable of being billions of times faster at certain calculations. One way to increase quantum resistance is to require more qubits (and more time) by using larger private keys:
Bitcoin Private Key (256 bit) 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF
Nexus Private Key (571 bit) 6Wuiv513R18o5cRpwNSCfT7xs9tniHHN5Lb3AMs58vkVxsQdL4atHTF Vt5TNT9himnCMmnbjbCPxgxhSTDE5iAzCZ3LhJFm7L9rCFroYoqz
Bitcoin addresses are created by hashing the public key, so it is not possible to decrypt the public key from the address; however, once you send funds from that address, the public key is published on the blockchain rendering that address vulnerable to attack. This means that your money has higher chances of being stolen.
Nexus eliminates these vulnerabilities through an innovation called signature chains. Signature chains will enable access to an account using a username, password and PIN. When you create a transaction on the network, you claim ownership of your signature chain by revealing the public key of the NextHash (the hash of your public key) and producing a signature from the one time use private key. Your wallet then creates a new private/public keypair, generates a new NextHash, including the corresponding contract. This contract can be a receive address, a debit, a vote, or any other type of rule that is written in the contract code.
This keeps the public key obscured until the next transaction, and by divorcing the address from the public key, it is unnecessary to change addresses in order to change public keys. Changing your password or PIN code becomes a case of proving ownership of your signature chain and broadcasting a new transaction with a new NextHash for your new password and/or PIN. This provides the ability to login to your account via the signature chain, which becomes your personal chain within the 3D chain, enabling the network to prove and disprove trust, and improving ease of use without sacrificing security.
The next challenge with quantum computers is that Grover’s algorithm reduces the security of one-way hash function by a factor of two. Because of this, Nexus incorporates two new hash functions, Skein and Keccak, which were designed in 2008 as part of a contest to create a new SHA3 standard. Keccak narrowly defeated Skein to win the contest, so to maximize their potential Nexus combines these algorithms. Skein and Keccak utilize permutation to rotate and mix the information in the hash.
To maintain a respective 256/512 bit quantum resistance, Nexus uses up to 1024 bits in its proof-of-work, and 512 bits for transactions.
5. What is the Unified Time protocol?
All blockchains use time-stamping mechanisms, so it is important that all nodes operate using the same clock. Bitcoin allows for up to 2 hours’ discrepancy between nodes, which provides a window of opportunity for the blockchain to be manipulated by time-related attack vectors. Nexus eliminates this vulnerability by implementing a time synchronization protocol termed Unified Time. Unified Time also enhances transaction processing and will form an integral part of the 3D chain scaling solution.
The Unified Time protocol facilitates a peer-to-peer timing system that keeps all clocks on the network synchronized to within a second. This is seeded by selected nodes with timestamps derived from the UNIX standard; that is, the number of seconds since January 1st, 1970 00:00 UTC. Every minute, the seed nodes report their current time, and a moving average is used to calculate the base time. Any node which sends back a timestamp outside a given tolerance is rejected.
It is important to note that the Nexus network is fully synchronized even if an individual wallet displays something different from the local time.
6. Why does Nexus need its own satellite network?
One of the key limitations of a purely electronic monetary system is that it requires a connection to the rest of the network to verify transactions. Existing network infrastructure only services a fraction of the world’s population.
Nexus, in conjunction with Vector Space Systems, is designing communication satellites, or cubesats, to be launched into Low Earth Orbit in 2019. Primarily, the cubesat mesh network will exist to give Nexus worldwide coverage, but Nexus will also utilize its orbital and ground mesh networks to provide free and uncensored internet access to the world.

The Nexus Currency (NXS):

1. How can I get Nexus?
There are two ways you can obtain Nexus. You can either buy Nexus from an exchange, or you can run a miner and be rewarded for finding a block. If you wish to mine Nexus, please follow our guide found below.
Currently, Nexus is available on the following exchanges:
Nexus is actively reaching out to other exchanges to continue to be listed on cutting edge new financial technologies..
2. How much does a transaction cost?
Under Nexus, the fee structure for making a transaction depends on the size of your transaction. A default fee of 0.01 NXS will cover most transactions, and users have the option to pay higher fees to ensure their transactions are processed quickly.
When the 3D chain is complete and the initial 10-year distribution period finishes, Nexus will absorb these fees through inflation, enabling free transactions.
3. How fast does Nexus transfer?
Nexus reaches consensus approximately every ~ 50 seconds. This is an average time, and will in some circumstances be faster or slower. NXS currency which you receive is available for use after just 6 confirmations. A confirmation is proof from a node that the transaction has been included in a block. The number of confirmations in this transaction is the number that states how many blocks it has been since the transaction is included. The more confirmations a transaction has, the more secure its placement in the blockchain is.
4. Did Nexus hold an ICO? How is Nexus funded?
The Nexus Embassy, a 501(C)(3) not-for-profit corporation, develops and maintains the Nexus blockchain software. When Nexus began under the name Coinshield, the early blocks were mined using the Developer and Exchange (Ambassador) addresses, which provides funding for the Nexus Embassy.
The Developer Fund fuels ongoing development and is sourced by a 1.5% commission per block mined, which will slowly increase to 2.5% after 10 years. This brings all the benefits of development funding without the associated risks.
The Ambassador (renamed from Exchange) keys are funded by a 20% commission per block reward. These keys are mainly used to pay for marketing, and producing and launching the Nexus satellites.
When Nexus introduces developer and ambassador contracts, they will be approved, denied, or removed by six voting groups namely: currency, developer, ambassador, prime, hash, and trust.
Please Note: The Nexus Embassy reserves the sole right to trade, sell and or use these funds as required; however, Nexus will endeavor to minimize the impact that the use of these funds has upon the NXS market value.
5. Is there a cap on the number of NXS in existence?
After an initial 10-year distribution period ending on September 23rd, 2024, there will be a total of 78 million NXS. Over this period, the reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. This avoids creating a situation where older mining equipment is suddenly unprofitable, encouraging miners to continue upgrading their equipment over time and at the same time reducing major market shocks on block halving events.
When the distribution period ends, the currency supply will inflate annually by a maximum of 3% via staking and by 1% via the prime and hashing channels. This inflation is completely unlike traditional inflation, which degrades the value of existing coins. Instead, the cost of providing security to the blockchain is paid by inflation, eliminating transaction fees.
Colin Cantrell - Nexus Inflation Explained
6. What is the difference between the LLD wallet and the Oracle wallet?
Due to the scales of efficiency needed by blockchain, Nexus has developed a custom-built database called the Lower Level Database. Since the development of the LLD wallet, which is a precursor to the Tritium updates, you should begin using the LLD wallet to take advantage of the faster load times and improved efficiency.
The Oracle wallet is a legacy wallet which is no longer maintained or updated. It utilized the Berkeley DB, which is not designed to meet the needs of a blockchain. Eventually, users will need to migrate to the LLD wallet. Fortunately, the wallet.dat is interchangeable between wallets, so there is no risk of losing access to your NXS.
7. How do I change from Oracle to the LLD wallet?
Step 1 - Backup your wallet.dat file. You can do this from within the Oracle wallet Menu, Backup Wallet.
Step 2 - Uninstall the Oracle wallet. Close the wallet and navigate to the wallet data directory. On Windows, this is the Nexus folder located at %APPDATA%\Nexus. On macOS, this is the Nexus folder located at ~/Library/Application Support/Nexus. Move all of the contents to a temporary folder as a backup.
Step 3 - Copy your backup of wallet.dat into the Nexus folder located as per Step 2.
Step 4 - Install the Nexus LLD wallet. Please follow the steps as outlined in the next section. Once your wallet is fully synced, your new wallet will have access to all your addresses.
8. How do I install the Nexus Wallet?
You can install your Nexus wallet by following these steps:
Step 1 - Download your wallet from www.nexusearth.com. Click the Downloads menu at the top and select the appropriate wallet for your operating system.
Step 2 - Unzip the wallet program to a folder. Before running the wallet program, please consider space limitations and load times. On the Windows OS, the wallet saves all data to the %APPDATA%\Nexus folder, including the blockchain, which is currently ~3GB.
On macOS, data is saved to the ~/Library/Application Support/Nexus folder. You can create a symbolic link, which will allow you to install this information in another location.
Using Windows, follow these steps:
On macOS, follow these steps:
Step 3 (optional) - Before running the wallet, we recommend downloading the blockchain database manually. Nexus Earth maintains a copy of the blockchain data which can save hours from the wallet synchronization process. Please go to www.nexusearth.com and click the Downloads menu.
Step 4 (optional) - Extract the database file. This is commonly found in the .zip or .rar format, so you may need a program like 7zip to extract the contents. Please extract it to the relevant directory, as outlined in step 2.
Step 5 - You can now start your wallet. After it loads, it should be able to complete synchronization in a short time. This may still take a couple of hours. Once it has completed synchronizing, a green check mark icon will appear in the lower right corner of the wallet.
Step 6 - Encrypt your wallet. This can be done within the wallet, under the Settings menu. Encrypting your wallet will lock it, requiring a password in order to send transactions.
Step 7 - Backup your wallet.dat file. This can be done from the File menu inside the wallet. This file contains the keys to the addresses in your wallet. You may wish to keep a secure copy of your password somewhere, too, in case you forget it or someone else (your spouse, for example) ever needs it.
You should back up your wallet.dat file again any time you create – or a Genesis transaction creates (see “staking” below) – a new address.

Types of Mining or Minting:

1.Can I mine Nexus?
Yes, there are 2 channels that you can use to mine Nexus, and 1 channel of minting:
Prime Mining Channel
This mining channel looks for a special prime cluster of a set length. This type of calculation is resistant to ASIC mining, allowing for greater decentralization. This is most often performed using the CPU.
Hashing Channel
This channel utilizes the more traditional method of hashing. This process adds a random nonce, hashes the data, and compares the resultant hash against a predetermined format set by the difficulty. This is most often performed using a GPU.
Proof of Stake (nPoS)
Staking is a form of mining NXS. With this process, you can receive NXS rewards from the network for continuously operating your node (wallet). It is recommended that you only stake with a minimum balance of 1000 NXS. It’s not impossible to stake with less, but it becomes harder to maintain trust. Losing trust resets the interest rate back to 0.5% per annum.
2. How do I mine Nexus?
As outlined above, there are two types of mining and 1 proof of stake. Each type of mining uses a different component of your computer to find blocks, the CPU or the GPU. Nexus supports CPU and GPU mining on Windows only. There are also third-party macOS builds available.
Please follow the instructions below for the relevant type of miner.
Prime Mining:
Almost every CPU is capable of mining blocks on this channel. The most effective method of mining is to join a mining pool and receive a share of the rewards based on the contribution you make. To create your own mining facility, you need the CPU mining software, and a NXS address. This address cannot be on an exchange. You create an address when you install your Nexus wallet. You can find the related steps under How Do I Install the Nexus Wallet?
Please download the relevant miner from http://nexusearth.com/mining.html. Please note that there are two different miner builds available: the prime solo miner and the prime pool miner. This guide will walk you through installing the pool miner only.
Step 1 - Extract the archive file to a folder.
Step 2 - Open the miner.conf file. You can use the default host and port, but these may be changed to a pool of your choice. You will need to change the value of nxs_address to the address found in your wallet. Sieve_threads is the number of CPU threads you want to use to find primes. Ptest_threads is the number of CPU threads you want to test the primes found by the sieve. As a general rule, the number of threads used for the sieve should be 75% of the threads used for testing.
It is also recommended to add the following line to the options found in the .conf file:
"experimental" : "true"
This option enables the miner to use an improved sieve algorithm which will enable your miner to find primes at a faster rate.
Step 3 - Run the nexus_cpuminer.exe file. For a description of the information shown in this application, please read this guide.
The GPU is a dedicated processing unit housed on-board your graphics card. The GPU is able to perform certain tasks extremely well, unlike your CPU, which is designed for parallel processing. Nexus supports both AMD and Nvidia GPU mining, and works best on the newer models. Officially, Nexus does not support GPU pool mining, but there are 3rd party miners with this capability.
The latest software for the Nvidia miner can be found here. The latest software for the AMD miner can be found here. The AMD miner is a third party miner. Information and advice about using the AMD miner can be found on our Slack channel. This guide will walk you through the Nvidia miner.
Step 1 - Close your wallet. Navigate to %appdata%\Nexus (~/Library/Application Support/Nexus on macOS) and open the nexus.conf file. Depending on your wallet, you may or may not have this file. If not, please create a new txt file and save it as nexus.conf
You will need to add the following lines before restarting your wallet:
Step 2 - Extract the files into a new folder.
Step 3 - Run the nexus.bat file. This will run the miner and deposit any rewards for mining a block into the account on your wallet.
For more information on either Prime Mining or Hashing, please join our Slack and visit the #mining channel. Additional information can be found here.
3. How do I stake Nexus?
Once you have your wallet installed, fully synchronized and encrypted, you can begin staking by:
After you begin staking, you will receive a Genesis transaction as your first staking reward. This establishes a Trust key in your wallet and stakes your wallet balance on that key. From that point, you will periodically receive additional Trust transactions as further staking rewards for as long as your Trust key remains active.
IMPORTANT - After you receive a Genesis transaction, backup your wallet.dat file immediately. You can select the Backup Wallet option from the File menu, or manually copy the file directly. If you do not do this, then your Nexus balance will be staked on the Trust key that you do not have backed up, and you risk loss if you were to suffer a hard drive failure or other similar problem. In the future, signature chains will make this precaution unnecessary.
4. I am staking with my Nexus balance. What are interest rate, trust weight, block weight, and stake weight?
These items affect the size and frequency of staking rewards after you receive your initial Genesis transaction. When staking is active, the wallet displays a clock icon in the bottom right corner. If you hover your mouse pointer over the icon, a tooltip-style display will open up, showing their current values.
Please remember to backup your wallet.dat file (see question 3 above) after you receive a Genesis transaction.
Interest Rate - The minting rate at which you will receive staking rewards, displayed as an annual percentage of your NXS balance. It starts at 0.5%, increasing to 3% after 12 months. The rate increase is not linear but slows over time. It takes several weeks to reach 1% and around 3 months to reach 2%.
With this rate, you can calculate the average amount of NXS you can expect to receive each day for staking.
Trust Weight - An indication of how much the network trusts your node. It starts at 5% and increases much more quickly than the minting (interest) rate, reaching 100% after one month. Your level of trust increases your stake weight (below), thus increasing your chances of receiving staking transactions. It becomes easier to maintain trust as this value increases.
Block Weight - Upon receipt of a Genesis transaction, this value will begin increasing slowly, reaching 100% after 24 hours. Every time you receive a staking transaction, the block weight resets. If your block weight reaches 100%, then your Trust key expires and everything resets (0.5% interest rate, 5% trust weight, waiting for a new Genesis transaction).
This 24-hour requirement will be replaced by a gradual decay in the Tritium release. As long as you receive a transaction before it decays completely, you will hold onto your key. This change addresses the potential of losing your trust key after months of staking simply because of one unlucky day receiving trust transactions.
Stake Weight - The higher your stake weight, the greater your chance of receiving a transaction. The exact value is a derived by a formula using your trust weight and block weight, which roughly equals the average of the two. Thus, each time you receive a transaction, your stake weight will reset to approximately half of your current level of trust.
submitted by scottsimon36 to nexusearth [link] [comments]

Updated FAQs for newcomers

TL:DR: Don't bother mining if you want to get rich yo. You're way too late to the party.
Welcome to the exciting and often stressful world of bitcoin! You are wondering what looks like a once in a lifetime opportunity to get rich quick. Of course you guys probably heard about this "mining" process but what is this?
Simply put, a bitcoin mining machine that performs complicated calculations and when deemed correct by the network, receives a block which contains 25 bitcoins (XBT). This is how bitcoins are generated. So your brain instantly thinks, "Holy shit, how can I get on this gold rush?"
Before you proceed further, I would like to explain the concept of mining further. Bitcoin is limited 21m in circulation. It is coded to release a certain number of blocks at a certain time frame, ie: this year the network will release close to 500,000 bitcoins. What this means is that the more people (or specifically the amount of mining power) mine, the less each person gets. The network tries to keep to this time frame through the process of difficulty adjustments which makes the calculations harder and this happens every 2 weeks. So every 2 weeks, you get less bitcoins with the same hash rate (mining power) based on what the difficulty changes are. Recently, the changes have been pretty staggering, jumping 226% in 2 months. You can see the difficulty changes here.
Now, why are these changes so large?
A bit of a simple history. Bitcoin's algorithm runs on SHA-256. This algorithm can be solved using many hardware, from CPU to GPU and dedicated hardware (Application Specific Integrated Circuits). When bitcoin first started, mining on CPU was a trivial process, you can pretty much earn 50 XBT (the block size then) every few hours between Q1 and Q2 of 2010.
In late 2010, due to the difficulty increase that is reducing the effectiveness of CPU mining, people started to harness GPU mining. Only AMD GPU's architecture design are better optimized for bitcoin mining so this is what the community used. Immediate improvements of more than 10x was not uncommon.
In time of course, GPUs reached their limit and people started to build dedicated. In the same vein as the CPU to GPU transition, similar performance increase was common. These ASICs can only perform SHA-256 calculation so they can be highly optimized. Their performance mainly depends on the die size of the chips exactly like CPU chips.
In general, think of bitcoin mining's technological advancement no different to mining gold. Gold panning (CPUs) vs pickaxes (GPUs) vs machinery (ASICs) and we are still in the ASIC mining race.
ASIC mining started with ASICMiner and Avalon being first to the market, both producing 130nm and 110nm chips. The technology are antiquated in comparison to CPUs and GPUs which are now 22nm with 14nm slated for Q1 next year by Intel but they are cheap to manufacture and with performance gains similar to the CPU to GPU transition, they were highly successful and popular for early adopters. At that point in time since there were less competing manufacturers and the low batch runs of their products, miners became really rich due to the slow increase in difficulty.
The good days came to an end mid August with an unprecedented 35% increase in difficulty. This is due to existing manufacturers selling more hardware and many other players coming onto the market with better hardware (smaller die). Since die shrinking knowledge and manufacturing process are well known along with a large technological gap (110nm vs 22nm), you get an arms race. Current ASIC makers are closing in on our technological limit and until everyone catches up, the difficulty jumps will be high because it is just too easy to get a performance increase. Most newer products run at 28nm and most chips are not well optimized, so it will be around another 6 to 9 months before we see hit a hard plateau with 22nm or 14nm chips. The estimated time frame is because manufacturing chips at 22nm or 14nm is a more difficult and expensive task. In the meantime most manufacturers will probably settle at 28nm and we will reach a soft plateau in about 3 months.
Now, you might ask these questions and should have them answered and if you have not thought about them at all, then you probably should not touch bitcoin until you understand cause you are highly unprepared and probably lose lots of money.
No. If you have to ask, please do not touch bitcoin yet. You will spend more on electricity cost than mining any substantial bitcoin. Seriously. At all. A 7990 would produce a pitiful 0.02879 XBT (USD $14 @ $500/XBT exchange rate) for the next 30 days starting 23 Nov 2013 at 35% difficulty increase.
And if you think you can mine on your laptop either on a CPU or GPU, you are probably going to melt it before you even get 0.01 XBT.
Probably not because you probably forgot that GPUs and CPUs produce a ton of heat and noise. You can try but I see no point earning < $20 bucks per month.
No, because your machine will probably not mine as much as buying bitcoins. This situation is called the opportunity cost. While you can still make money if XBT rise in value, it is a fallacy.
IE: if you start mining on 1 Dec 2013, a KnC Jupiter running at 450Gh/sec (KnC lies as not all chips run at 550Gh/sec) will yield you a total revenue of 9.5189 XBT with a profit of 0.7859 XBT in profit by 30th Jan 2014 at a constant difficulty increase of 35%. The opportunity cost is: 8.5910 XBT @ USD $580/XBT with USD $5,000 which is the cost of a KnC Jupiter. This is the best you can earn and it's a bloody optimistic assumption because:
The only circumstances where you will earn money is when XBT exchange rates is so high that it makes the opportunity cost pales in comparison. Unfortunately this is not the case. If XBT stabilized at 900/XBT today (20 Nov 2013) then we might have a good case.
The risk is just generally not worth it. Unless you have at least a hundred thousand and can make a contract with a manufacturer for a lower cost, do not bother. Just wait until the arms race is over then you can start mining.
Okay, go buy an AsicMiner USB Block Erupter. They are cheap and pretty fun to have.
Sure, just read the answer below on who NOT to go for. You are doing bitcoin a service by securing the network and you have our (the users') gratitude.
You can check out the manufacturers and their products below along with a calculator here.
If you still insist on buying, do not to go for BFL. Their track record is horrid and borderline scammish. KnC fucked up a lot with defective boards and chips. Personally, I think CoinTerra is the best choice.
Alternatively, you can go on the secondary market to buy a delivered product. You can get a better deal there if you know how to do your "return on investment (ROI)" calculation. Personally, I will go for a 45%-50% difficulty increase for the next 3 months for my calculations and a 2% pool fee.
However, most products on ebay are sold at a cost much higher than it should. bitcointalk.org is a cheaper place because everyone knows what are the true value is so you will find less options. If you are unclear or need assistance, please post a question.
I actually do not use any of the pools recommended to the left because I think they lack features.
My favourite is Bitminter (Variable fees based on features used; max 2%). It has all advanced features for a pool, very responsive and helpful owner on IRC. Variable fees is good for those who do not need a large feature set, even with all features turned on, it is still cheap.
Eligius (0% fees) has high value for money but lacks features. It has anonymous mining which might be attractive to certain subset of people but not for others. Many other community member and I disagree highly with the opinions of the owner on the direction of bitcoin. I do use his pool for now but I do so only because I share my miners with a few partners and anonymous mining allows us to monitor the machines without using an account. Bitminter uses only OpenID which is problematic for me.
BTC Guild (3% fees) is another big pool and is fully featured and does charge a premium for their fees. That said, they are the most stable of the lot. I do use them but do so only because my hoster uses them for monitoring. I try not to use them because a pool with a very large hash rate (they are the largest) presents a large vulnerability to bitcoin's network if compromised.
All of them pay out transaction fees.
submitted by Coz131 to BitcoinMining [link] [comments]

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Most profitable coins and expected revenue for NVIDIA GeForce RTX 2080 Ti mining. $10,682.40 $62.77 $352.32 $105.54 $5.11 $66.35 $46.25 Follow @WhatToMine dark mode What To Mine Profitability Calculator. Check or Compare the potential earnings of your hardware. Calculator Comparison Auto Detection. ... NVIDIA RTX 3090. 0.00029600 BTC $3.13. NVIDIA RTX 3080. 0.00023900 BTC $2.53. AMD Radeon VII. 0.00022300 BTC $2.36. NVIDIA TITAN V. 0.00019300 BTC $2.04. NVIDIA TITAN RTX . Most profitable coins and expected revenue for NVIDIA GeForce RTX 2070 mining. $10,737.00 $65.21 $352.52 $112.43 $5.03 $66.51 $46.14 Follow @WhatToMine dark mode What To Mine Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? Here is a nice and useful software for everyone using Nvidia GPUs for mining crypto coins, especially for people that have built mining rigs based on the very popular for mining GeForce GTX 750 Ti video cards. The tool is called Profit Calculator and in open source, being developed by a user called KBomba.

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Bitcoin profit calculator gpu - YouTube

https://cutt.us/bsgL5 Interest is paid to your account balance each hour 7 days a week. You can either reinvest from your available balance to increase your ... Using my setup from the previous video with the NVidia GTX 1080 Ti: https://youtu.be/EK4tln2hFRo I'm using NiceHash Miner to generate $312.34CAD $253.80USD p... https://cutt.us/bsgL5 Present our project to your friends, family, or any other community and enjoy the financial benefits. You don't even need an active dep... https://cutt.us/bsgL5 Profits are counted and paid on a hourly mode. Once you have become an active participant and make your first deposit, Your account bal... To Mine Ethereum download either the older Claymore or Phoenix Miner and get a NVIDIA Driver that is Geforce 347.52 or older. Go to NVIDIA Control Panel and enable Optimize for Compute Mode ON ...