MiningRigRentals.com Review 2020 - Scam or Legit | ☁️⛏️
Mining Rig Rentals Alternatives and Similar Websites and
5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)
GlobalBoost- A CryptoCurrency To Help Wounded Veterans
BSTY brings a completely new algorithm to the digital currency scene, and combines it with our real products, real company, and visible & accountable leadership. We aim to improve the acceptance of digital money, providing a safe & attractive investment using Yescrypt as our POW.
Crypto and Bitcoin Mining Rental Rigs and Cloud Mining, What's The Catch?
I am referring to sites like these: https://www.miningrigrentals.com/ https://iminer.net/en/ https://www.rhy.com/en_us/rental https://iqmining.com/ https://mineunit.com/device The 3rd one is a Chinese website that boasts Electricity Bill 0.046 $/kwh. How do I get 0.046 $/kwh if electricity in my area is 0.18 $/kwh. Are they sending me a physical machine or leasing their 'profits'. What's the catch? Why would they want to rent this to me when they can just plug it in and make the profit themselves? Maybe they are doing this because the halving eroded their profits? Is this a hedge in case Bitcoin falls? Or. Are they making a profit difference on the spread of what the miner makes and what they charge me to rent, best case scenario leaser and purchaser both makes money? How is this not a big thing yet and wide known and why doesn't everyone just dump their money into this if it seems like the websites are just saying and advertising it's free money as long as you have the capital to rent. It sounds all too good to be true, please enlighten me.
ULPT: You can increase your margins mining crypto by hooking up your bitcoin mining rig at a rental where you have negotiated a rental rate with utilities included.
One of the primary costs, outside of the actual upfront cost of the equipment, is paying for the energy used to power the mining equipment. A way to lower your expenses and increase your margins is by finding a landlord that is willing to let you pay rent with utilities included. The landlord will end up bearing the cost of your power consumption. For more on Bitcoin Mining Rigs Click Here
[WTS] MERCENARY - LTI w/SQ42 (Package/Account - 2012 Original Backer)
Looking to part with my Star Citizen account. I am an original backer and card holder (OG backers know what this is). I just never got into the game, so I am looking to sell my account at less than cost or best offer... I'm looking for $50-80... I really don't care, via PayPal and/or Bitcoin, and not hundreds like some sellers I've seen. Yikes! Remind me of Eve Online days, lol. Original Backer Star Citizen Account UNITED EARTH CREDITS: 28,000 UEC RENTAL EQUIPMENT CREDITS: 5,000 REC MERCENARY - LTI Package:
Star Citizen Digital Download
Squadron 42 Digital Download
Original and Veteran Backers Reward:
AMX-1 Repair Bot
Squadron 42 Mission Disk
Record Breaker Skin
Free Hangar Fees Reward:
Free Hangar Fees on starting Planet
Million Rewards from 2013 - 2019:
Digital 42-page Upgrade Handbook
Laser Pistol side arm
Mystery engine modifier
Fishtank Mark 1
Jane’s Fighting Ships style manual
Omni Role Combat Armor (ORC) mk9
Takuetsu Consolidated Outland Mustang
Space Globe - Plentiful Salvage
Takuetsu Prestige Khartu-Al Model
Khartu-Al Prestige Box
Explorer-Class MobiGlas Rig
Engine Tuning Kit
Xi’An Space Plant
BB-12 Manned Maneuvering Unit
Preacher Armament Inquisition XXII Gatling
J-Span Cryo-Star Cooler
2942 War Bond
Aeon Club T-shirt
Epoch Society T-Shirt
200M Commemorative Coin
Drake Caterpillar Statue
Thanks for taking a look! Oh, and I was watching JRE so you'll hear the audio of that playing, lol. (1) I am "selling" the right to be added as an "Authorized User" to my account, which is allowed as per RSI's 2016 Terms of Service. (2) I will remain the original owner only in the event that official contact is required from the parent company (CIG). (3) I understand that my personal information may be permanently retained in the address and billing sections. I agree to the above clauses and will not attempt to access, recover or tamper with the said account unless it is requested by the Authorized User. Please note, applying for a refund from CIG is encouraged over account sales. Consider exhausting this option in lieu of risking account termination. See here for help
[EasyBTC] Web based mining control with profitability switching (2020 supported)
EasyBTC - program for automatic mining Main idea 1. Monitoring mining pools in real time. 2. Support most algorithms 3. Working with pools that have auto exchange for bitcoin 5. Monitoring the status of video cards. 6. Automatic switching of miners for profitability 7. Automatic switching of MSIAfterburner profiles. 8. Simple interface and setup. 9. Built-in benchmark algorithms. Mining fee consists not only from electricity, but mostly from administrative tasks. You should monitor cryptocurrency prices, difficulty, exchange currencies. If you have several rigs with different series GPUs, it becomes hard work. Especially if your want to control rigs remotely. EasyMiner try to cover all this questions. It would be useful as for newbie miners with couple GPUs, as experienced miners with multiple rigs. DOWNLOAD AND START Features -Easy install. No need to find mining software, create wallets for each cryptocurrency, exchange cryptocurrency. You need just download and install app. -Web basedcontrol center. You can control all your miners from one point. -Auto switch miners. Mining Agent continuously checks exchange rates and difficulty of cryptocurrencies and switches to most profitable. For now, EasyMiner supports switching between Ethereum and ZCash. Tell me currencies you need. I will add them. -Per GPU benchmarks and mining. If you have rig with different series of GPUs, Agent will load each GPU with most profitable algorithm. -BTC payouts. All your mined coins will be exchanged to Bitcoin and transferred to your wallet. -Detailed stats. You may see all your stats at Dashboard. - Supports failover. -Displays detailed mining information and hashrate for every card. -Supports GPU selection, built-in GPU overclocking features and temperature management. Requirements - Windows 10x64 - Nvidia GPUs 10xx series - At least 4Gb RAM (Depends on miner) Pools: NiceHash AhashPool ZergPool MultiPoolHub MiningRigRentals ZPool BlazePool BlockMasters I recommend nice and zerg, both basic and zpool in addition. Coming Soon - SMS alert - Mobile app
In this short post I want to set out my case for the moral justifiability of 51% attacks against proof of work cryptocurrencies. In the past, a 51% attack was a theoretical construct that most people didn´t seem to think would be practically achievable or lucrative. This has now changed, as hashpower can be rented on sites like Nicehash and Mining Rig Rentals for a few hours at a time. The attack delivers the attacker two prominent opportunities: -You can orphan blocks of ¨legitimate¨ miners. This essentially means that whatever work was produced by legitimate miners during your attack became worthless. Mine a secret chain of two hours worth of blocks, release it and you orphaned 2 hours worth of blocks by your competitors. By the time most of the miners have noticed their blocks were orphaned in an attack, their nodes will have been automatically mining on your own chain for a while and it will be too late for them to do anything about it. The amount of money they lost would be equivalent to the amount you had to spend to produce your chain. Because mining is an industry with tight margins, the economic impact on these miners can be very big. The cost may be sufficient in case of a very long attack, to persuade them to quit their endeavor and get a real job. -The more important opportunity is that you´re able to double spend your coins. This is potentially, incredibly lucrative. How lucrative it is tends to depend primarily on the inflation rate of a cryptocurrency. A low inflation rate means relatively little ¨work¨ is done to maintain the security of the system. A high inflation rate on the other hand, turns the cryptocurrency into a very poor long-term investment. As a consequence, most cryptocurrencies face declining inflation rates, that delay the problem of their ultimately unsustainability into the future. The bank of international settlements explains this issue here. When it comes to the moral justification of a 51% attack, we first have to ask ourselves why proof of work is morally unjustifiable. There are two main reasons for this: -Proof of work has an enormous environmental impact, that ensures future generations will have to deal with the dramatic consequences of climate change. There is no proper justification for this environmental impact, as it delivers no clear benefits over existing payment systems other than the ability to carry out morally unjustifiable actions like blackmail. -Proof of work is fundamentally unsustainable, because of the economic burden it places on participants in cryptocurrency schemes. Cryptocurrencies can´t produce wealth out of thin air. The people who get rich from a cryptocurrency becomes rich, due to the fact that other people step in later. In this sense we´re dealing with a pyramid scheme, but the difference from regular pyramid schemes lies in the fact that huge sums of wealth are not merely redistributed, but destroyed, to sustain the scheme. The cost of the work to sustain the scheme is bigger than you might expect, because the reality is that relatively little money has entered bitcoin. JP Morgan claims that for the crypto assets at large, a fiat amplifier of 117.5 is present, as a purported $2 billion in net inflow pushed Bitcoin’s market capitalization from $15 billion to $250 billion. You have to consider that the Digiconomist estimates that $2.6 billion dollar leaves the Bitcoin scheme on an annual basis, in the form of mining costs to sustain Bitcoin. The vast majority of retail customers who entered this scheme ended up losing money from it. In some cases this lead to suicides. The fact that proof of work is morally unjustifiable doesn´t directly lead to a moral justification for a 51% attack. After all a sane society would use government intervention to eliminate the decentralized ponzi schemes that are cryptocurrencies. There are a few things that need to be considered however: -Governments have so far failed in their responsibility to address the cryptocurrency schemes. Instead you tend to see officials insist that proof of work might suck and most cryptocurrency is a scam, but ¨blockchain technology¨ will somehow change the world for the better. Most libertarians who saw these schemes emerge insisted that it´s stupid to participate in them because the government would eventually ban them and round up the people who participated in them. This didn´t happen because of the logistical difficulty of suppressing these schemes (anyone with an internet connection can set one up) as well as the fact that suppressing them would lend credence to the anti-government anarcho-capitalist ideology on which these schemes are based. Goverments might say ¨these schemes facilitate crime, ruin the environment and redistribute wealth from naive individuals to scammers¨, but anarcho-capitalists would insist that governments have grown so tyrannical that they want to ban you from exchanging numbers on computers. -Because cryptocurrency is fundamentally an online social arrangement, governments have very limited influence over the phenomenon. Binance seeks to become a stateless organization, not subject to the jurisdiction of any particular government. Just as with regular money laundering and tax evasion that hides in small nations that can earn huge sums of money by facilitating these practises, governments are dependent on the actions of individuals to address these practices. Whistleblowers released the panama papers and the tax evasion by German individuals through Swiss bank accounts. Through such individuals, the phenomenon could be properly addressed. In a similar manner, cryptocurrency schemes will need to be addressed through the actions of individuals who recognize the damage these schemes cause to the fabric of society. -The very nature of a 51% attack means that it primarily punishes those who set up and facilitate the cryptocurrency scheme in the first place. The miners who pollute our environment to satiate their own greed are bankrupted by the fact that their blocks are orphaned. The exchange operators are bankrupted due to double-spend attacks against the scams that they facilitate. When this happens, the cryptocurrency in question should lose value, which then destroys the incentive to devote huge sums of electricity to it. Finally, there´s the question of whether 51% attacks are viable as a response to cryptocurrency. There´s the obvious problem you run into, that the biggest and oldest scams are the most difficult to shut down. In addition, cryptocurrencies that fell victim to an attack tend to move towards a checkpoint system. However, there are a few things that need to be considered here: -51% attacks against small cryptocurrencies might not have a huge impact, but their benefit is nonetheless apparent. Most of the new scams don´t require participants to mine, instead the new schemes generally depend on ¨staking¨. If people had not engage in 51% attacks, the environmental impact would have been even bigger now. -51% attacks against currencies that implement checkpointing are not impossible, if the checkpoints are decentrally produced. What happens in that case is a chain split, as long as the hostile chain is released at the right time. This would mean that different exchanges may get stuck on different forks, which would still allow people to double spend their cryptocurrency. -There are other attacks that can be used against proof of work cryptocurrencies. The most important one is the block withholding attack. It´s possible for people who dislike a cryptocurrency to join a pool and to start mining. However, whenever the miner finds a valid solution that would produce a block, he fails to share the solution with the pool. This costs money for the pool operator, but it can be lucrative for the actor if he also operates a competing pool himself. In the best case it leads to miners moving to his pool, which then potentially allows him to execute a 51% attack against the cryptocurrency. -It´s possible to put up a 51% attack bounty, allowing others to do the work for you. This works as following. You make transaction A : 100 bitcoin to exchange X, for a fee of 0.001 BTC. Once this transaction has been included in a block, you immediately broadcast a conflicting transaction with another node: You´ŕe sending those 100 bitcoin to your own wallet, but you´re also including a 50 bitcoin fee for the miners. The miners now have a strong incentive to disregard the valid chain and to start mining a new chain on an older block that can still include your conflicting transaction. Provided that pool operators are rational economic agents, they should grab the opportunity. -Selfish mining in combination with a Sybil attack allows someone to eclipse the rest of the network, while controlling less than 51% of the hashrate. Your malicious nodes will simply refuse to propagante blocks of your competitors, thereby giving you more time to release your own block. Selfish mining will always be possible with 33% of the hashrate and as far as I can tell there are no pathways known currently to make the scheme impossible for people with 25% of the hashrate. This potentially makes a 51% attacks lucrative without having to carry out double-spend attacks against exchanges. Although double spending is a form of theft, it´s not clear to me whether a selfish mining attack would get you into legal trouble or not.
The dreaded 51% attack is a morally justifiable and potentially lucrative solution to the Nakamoto scheme.
r/Ethereum - I wrote this to explain Ethereum in depth to newbies. Please check for accuracy!
Hello ethereum - I'm currently in Singapore exploring all of the cool blockchain tech that's going on here. I'm also writing a blog that aims to explain blockchain technology simply to anyone whose interested. www.cryptoambit.com If you guys could spot check my Ethereum post for accuracy, I'd appreciate it. If you like it, would also appreciate some subscribers! Thanks By now, most people know Ethereum as the second most valuable cryptocurrency, currently valued at over $60 billion dollars. Well, it turns out that Ethereum isn't actually a cryptocurrency - it's a software platform that let's programmers build applications on top of blockchain technology. Within the ethereum platform, is a cryptocurrency called ether that is used to power applications built on the Ethereum blockchain. From Bitcoin to Ethereum Bitcoin uses a global network of computers that maintain a shared ledger called a blockchain that keeps track of who owns bitcoin. Once blockchain technology was introduced to the world, people realized that blockchains could be used to keep track of anything of value. In 2013, a 19 year old named Vitalik Buterin introduced the Ethereum white paper, which proposed an open source platform that would let programmers build blockchain applications that could facilitate the exchange of money, content, property, shares or anything of value. Much like with Satoshi Nakamoto's paper, Buterin's was met with widespread excitement from software developers around the world who began building toward the vision Buterin laid out. Much like Bitcoin, Ethereum isn't owned or controlled by any one person. Unlike Bitcoin, whose creator remains anonymous, Ethereum has a leader in Vitalik Buterin (pictured below). While Buterin doesn't control Ethereum in the way that a CEO does, his word carries tremendous weight in dictating the direction of the project - something that is considered a strength or a weakness, depending on who you ask. Smart Contracts The basic function that programs built on Ethereum perform are called smart contracts. Smart contracts are digital agreements that execute automatically based on real world data. An easy way to think of them is an "If-then statement." IF condition A exists, THEN perform function B. Let's say for example Grandma wants to make sure she never forgets to give Little Billy birthday money each year. She could write a smart contract that says IF it's Little Billy's birthday, THEN pay him $10 from Grandma's account. Once this contract is broadcast to the Ethereum network, it will execute automatically each year on Little Billy's birthday. Smart contracts have applications far beyond improving the reliability and efficiency of Grandmothers around the world. Another simple application of a smart contract is for rental payments: IF date = 1st of the month, THEN pay landlord rent amount. Processes that currently involve manual interactions between two parties can now be automated and the value can be moved in real time over the blockchain rather than settling days later as with traditional banking. A Real World Example Ethereum and smart contracts are a big deal because they have the ability to usher in what's been dubbed the "smart economy" - one in which slow manual processes prone to human error and deceit are replaced with automated processes that are completely transparent and trustworthy. A real world example that typifies the new "smart economy" is a project being run by a French insurance company called AXA. AXA offers a flight insurance product that pays out a policy holder in the event that a flight is delayed by two hours or more. It currently has a product in trial that will pay out insurance claims using smart contracts and the Ethereum blockchain. The smart contract is simple: IF flight is over two hours late, THEN pay policyholder. The smart contract is connected to a database that monitors flight times. If the database shows that the flight is over two hours late, the smart contract is triggered and the policyholder is paid automatically over the blockchain. Without the smart contract, the policyholder would have to file a claim and wait for the insurance company's claims department to process it, which could take anywhere from 1 to 2 weeks. With the smart contract, neither the insurance company nor the policyholder has to do anything. This also creates trust between the two parties because there are no grey areas - the customer can review the smart contract prior to purchasing the policy and feel comfortable that he will receive his claim in the event of a delay. Ethereum vs Ether As stated in the intro, Ethereum is a platform for building blockchain applications using smart contracts. What you may have just purchased on Coinbase is called Ether, which is the cryptocurrency that fuels the Ethereum network. Ether functions more like a digital commodity than a digital currency. Just like you need gasoline to fuel your car, you need Ether to run applications on the Ethereum blockchain. In the Grandmother example cited above, Grandma would have to purchase small amounts of Ether to fuel her smart contract that pays Little Billy his birthday money. The Ethereum blockchain functions in the same way as the Bitcoin blockchain: a network of computers run software that validates transactions through majority consensus. The people running these computers are called miners. Bitcoin miners are compensated for their resources by being paid in Bitcoin. Ethereum miners are compensated in Ether. On Little Billy's birthday, Grandma's ether transaction fee will go to whichever miner adds the block containing Grandma's transaction to the blockchain. That miner will also receive new Ether in the process. The same supply/demand economics that apply to commodities like oil and gas also apply to Ether. Oil is valuable because it powers many of the things we use in our everyday life - it heats our homes and fuels our engines. The more people and enterprises that rely on Ethereum based applications, the higher the demand will be for Ether which will increase its value. As with all cryptocurrencies, there's plenty of speculation baked into the price - speculation that the demand for Ether will increase in the future. Since Ether is valuable, exchangeable and transferable, certain merchants are also starting to accept it as a currency. dApps - Decentralized Apps Applications that run smart contracts on the Ethereum blockchain are called "dApps," or decentralized apps. Just as any app developer can build apps on top of Apple's IOS operating system, developers can build on top of Ethereum's blockchain infrastructure. To the end user of a dApp, it might not look and feel any different than the apps you use today. It's the underlying blockchain infrastructure that make them different. Since dApps function on top of the blockchain, they can be used to transfer value peer-to-peer. To return to our Grandmother example, there could be a dApp that Granny can download that lets her schedule Little Billy's birthday payments without having to code the smart contract herself. dApps are also completely open sourced so other people can access the code and build on top of them. Someone could take the code to the birthday payment dApp and add the ability for Grandma to add a note that says, "Happy Birthday Billy!" Running dApps on the blockchain also offers added security benefits. Since the transactions are distributed and encrypted across the Ethereum blockchain, there is no central place for a hacker to breach and gain access to all of the world's Grandmother to grandson birthday payment data. At this point, I'm really beating the GrandmotheLittle Billy example to death because I think it represents a simple illustration for the kinds of applications that can be built on the Ethereum blockchain. In reality, the dApps that are being built are much more complex. Here are a few examples:
Weifund - blockchain crowdfunding: Users can launch traditional crowdfunding campaigns, but through the use of smart contracts, backers can gain a financial stake in the project. If an indie film gets funded on Weifund, a backer who financed 10% of the project can collect 10% of the film's revenues. Payments will be issued in real time as the film generates revenue.
Ujo Music - Music licensing via the blockchain: An artist can create an original song and register it on Ujo's platform and set their own licensing terms. If a film producer wants to use that song in a movie, they can purchase the rights based on the terms set by the artist who will then get paid directly. This erases the need for industry middlemen like Warner Brothers who end up taking the lion's share of their artist's profits.
Virtue Poker - Online poker secured by the blockchain: At the height of it's popularity, online poker platforms like PokerStars were marred with issues that ranged from deck rigging to the abuse of player funds held by the company. Virtue Poker using Ethereum allows players to fund their bets directly, insuring that no central party can access and misappropriate player money. Their code is open sourced so that users can understand how hands are dealt, insuring that no one can rig the deck. Lastly, players are paid out their winnings in real time over the blockchain so no more waiting weeks for a check to come in the mail.
Ethereum Tokens So now that you understand that Ethereum is a network for building decentralized applications that require a cryptocurrency called Ether to run, I'm going to introduce a confusing concept. Many dApps built on Ethereum have their own cryptocurrencies or "tokens." In order to interact with the dApps, customers need to purchase the dApp's native token. Here's a helpful analogy I came across - when you go to a waterpark, you pay the admission fee and in return, you get a wristband. That wristband gives you the ability to ride the waterslides in the water park. With certain dApps, the token is the wristband, and a user must purchase it to interact with whatever the dApp offers. Let's take a dApp called Golem as an example. Golem lets people rent out their excess computing power to people who need it - kind of like a computer AirBnb. To cite this article from Laura Shin, if I'm a computer graphics artist that wants to render some kind of computationally intense animation, I can purchase Golem tokens that let me tap into the Golem network to generate my animation. I then pay the people who are renting me their computers with the Golem tokens. The Golem token is a form of smart contract and this transaction is recorded on the Ethereum blockchain. Since Golem tokens are also a cryptocurrency, they can be traded on the free market. If I'm a speculator who has no intention of using the Golem network to rent computing power, I can still buy the Golem token on an exchange in hopes that it appreciates in value. Like bitcoin, there is a fixed supply of Golem tokens so if the demand for the service increases, so will the value of the token. If I bought Golem at its original price of around 1 penny and held it to today, I would have made 35X my initial investment since Golem tokens currently trade around 35 cents a piece. ICOs ICO stands for, "Initial Coin Offering" which is a fundraising mechanism for cryptocurrencies which has exploded in popularity this year - the majority of them are held on the Ethereum network. Similar to a kickstarter campaign, they allow entrepreneurs to raise money for projects by giving investors an early opportunity to purchase the cryptocurrency before the final product has been built. If the project is successful, the value of the cryptocurrency will rise in value and early investors can sell it on the open market for a profit. ICOs have stirred up a lot of controversy because they represent a risky proposition with zero investor protection. Let's say I wanted to build a casino and to finance it, I gave investors the opportunity to buy chips that can be used at my roulette tables once the casino opened. If you bought $100K in roulette chips from me and I decide that I no longer want to build the casino, you're stuck holding worthless chips. If investors don't do their due diligence, they may end up buying tokens for a project whose creators never intended on building it in he first place - the creators walk away with the money and the investors have no way of recouping their funds. On the other hand, early investors in projects that go on to be successful have the opportunity to make enormous returns. For example, people who invested $1,000 in the Golem ICO would be sitting on $35,000 at it's current price of $0.35 - if it ever goes to $10, they're all millionaires. Another positive aspect of ICOs is that they let anyone, rich or poor get involved in early stage investing. To invest in a company like Twitter or Facebook pre-IPO (initial public offering), you need to be an accredited investor - this basically means you're already a rich person. With ICOs, all you need is an internet connection and a little bit of money and you have the potential to become wealthy by investing in the right projects. Far From Perfect Ethereum has the potential to change the way humans transact with one another but it is still a very young technology and it hasn't been without its problems. While the blockchain architecture underlying the Ethereum network is secure, not all of the applications built on top of it are. Faulty code can and has made applications vulnerable to hacking and malfunctions. Here are two prime examples: DAO Hack - DAO was a dApp built on Ethereum that enabled crowd based venture capital. DAO token holders were given the right to vote on projects they wanted to support - if projects went on to be successful, DAO token holders would receive financial rewards. The DAO ICO received $168 million in funding. The DAO software was hosted on the Ethereum blockchain and was publically visible by all. A hacker spotted a flaw in the DAO's code that enabled him to route $55M in ether held by the DAO into an account that he controlled. The Ethereum team had do do something called a hard fork (something I won't get into now) to reverse return the stolen funds. Parity Wallet Freeze - Parity is a wallet where people store Ether. A flaw in Parity's code let a user delete a specific line of code that was necessary for accessing funds in a Parity wallet. This led to $280 million dollars worth of ether being frozen - it hasn't been stolen but it can't be accessed either. Parity Technologies has proposed another hard fork to correct the issue - something that is sure to divide the Ethereum community and rattle user confidence. Despite the world changing implications that Ethereum dApps and smart contracts have, the trouble is that any programmer can write them - if they aren't written properly, they can behave in unintended ways and be exploited like in the above listed examples. Ethereum is still a very young network and security issues with dApps and smart contracts will have to be sorted out if its to reach its true aspirations. Leading The Decentralized Revolution “Ethereum aims to take the promise of decentralization, openness and security that is at the core of blockchain technology and brings it to almost anything that can be computed.” - Vitalik Buterin With dApps, smart contracts and blockchain technology, Ethereum is leading the decentralized revolution. Bitcoin is the world's first decentralized currency, that operates on a global network of computers outside of central intermediaries. Ethereum gives programmers a platform to develop a decentralized version of just about anything. Decentralized networks like Ethereum have the power to remove the intermediaries that currently exist between producer and consumer. Let's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction. Tokens can be issued that represent ownership in the network. Coders who work on improving the network can get paid for their efforts in ownership tokens. Non-technical people can come up with marketing campaigns that spread awareness for the network and also get compensated in ownership tokens. As the decentralized Uber network grows and improves, the value of its ownership token increases, rewarding the people that built it. The result is whats referred to as a "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations. This may sound like a radical concept but blockchain technology enables these kinds of decentralized organizations to exist - Ethereum provides the tools for people to go out and build them.
在人脸识别数据库之后，安全研究人员 Victor Gevers 报告了一个外泄的社交媒体监视数据库，包括了 3.64 亿用户的资料和聊天记录，这些账户还被关联到用户的真实身份。这并不令人感到意外，中国的社交网络已经全面推行后台实名制，通常是关联手机号码，而手机号码已完成了实名制推广工作。这个数据库监视的平台包括了腾讯旗下的 QQ 和微信，这两个服务在中国都有数以亿计的用户。 https://twitter.com/0xDUDE/status/1101909112131080192 Can anyone (from China) identify these Messaging services? qg <-- QQ_group qqmesg. <-- https://www.imqq.com/ wwmsg <--. WangwangAlibaban~Taobao imsg – iMessage qqmesg – Tencent QQ wxmsg – Weixin, aka WeChat yymsg – YY (China’s twitch) In China, they have a surveillance program on social networks which looks like a jerry-rigged PRISM clone of the NSA. So this social media surveillance program is retrieving (private) messages per province from 6 social platforms and extracts named, ID numbers, ID photos, GPS locations, network information, and all the conversations and file transfers get imported into a large online database. Around 364 million online profiles and their chats & file transfers get processed daily. Then these accounts get linked to a real ID/person. The data is then distributed over police stations per city/province to separate operators databases with the same surveillance network name With these "operator databases" the local law enforcement investigate 2600 to 2900 messages and profiles. The name new table per day to keep track of the progress. So they manually review the social media communication (public/private messages). And the most remarkable part is that this network syncs all this data to open MongoDBs in 18 locations. "r_Capture_Time" : "2019-03-03 02:58:08.0", "r_QQMsg" : "2019-03-03 02:58:08 \"ζ°? 、XXX丶ζ说:!收【【【46--48道士号】】】卖的微信XXXXXXXXXXXぁ" https://pbs.twimg.com/media/D0woGfKWsAEEDbM.jpg Victor,in China ISP use this software https://pbs.twimg.com/media/D0ve-qPV4AA0Tl-.jpg Massive Database Leak Gives Us a Window into China’s Digital Surveillance State https://www.eff.org/deeplinks/2019/03/massive-database-leak-gives-us-window-chinas-digital-surveillance-state Earlier this month, security researcher Victor Gevers found and disclosed an exposed database live-tracking the locations of about 2.6 million residents of Xinjiang, China, offering a window into what a digital surveillance state looks like in the 21st century. Xinjiang is China’s largest province, and home to China’s Uighurs, a Turkic minority group. Here, the Chinese government has implemented a testbed police state where an estimated 1 million individuals from these minority groups have been arbitrarily detained. Among the detainees are academics, writers, engineers, and relatives of Uighurs in exile. Many Uighurs abroad worry for their missing family members, who they haven’t heard from for several months and, in some cases, over a year. Although relatively little news gets out of Xinjiang to the rest of the world, we’ve known for over a year that China has been testing facial-recognition tracking and alert systems across Xinjiang and mandating the collection of biometric data—including DNA samples, voice samples, fingerprints, and iris scans—from all residents between the ages of 12 and 65. Reports from the province in 2016 indicated that Xinjiang residents can be questioned over the use of mobile and Internet tools; just having WhatsApp or Skype installed on your phone is classified as “subversive behavior.” Since 2017, the authorities have instructed all Xinjiang mobile phone users to install a spyware app in order to “prevent [them] from accessing terrorist information.” The prevailing evidence of mass detention centers and newly-erected surveillance systems shows that China has been pouring billions of dollars into physical and digital means of pervasive surveillance in Xinjiang and other regions. But it’s often unclear to what extent these projects operate as real, functional high-tech surveillance, and how much they are primarily intended as a sort of “security theater”: a public display of oppression and control to intimidate and silence dissent. Now, this security leak shows just how extensively China is tracking its Xinjiang residents: how parts of that system work, and what parts don’t. It demonstrates that the surveillance is real, even as it raises questions about the competence of its operators.
A Brief Window into China’s Digital Police State
Earlier this month, Gevers discovered an insecure MongoDB database filled with records tracking the location and personal information of 2.6 million people located in the Xinjiang Uyghur Autonomous Region. The records include individuals’ national ID number, ethnicity, nationality, phone number, date of birth, home address, employer, and photos. Over a period of 24 hours, 6.7 million individual GPS coordinates were streamed to and collected by the database, linking individuals to various public camera streams and identification checkpoints associated with location tags such as “hotel,” “mosque,” and “police station.” The GPS coordinates were all located within Xinjiang. This database is owned by the company SenseNets, a private AI company advertising facial recognition and crowd analysis technologies. A couple of days later, Gevers reported a second open database tracking the movement of millions of cars and pedestrians. Violations like jaywalking, speeding, and going through a red-light are detected, trigger the camera to take a photo, and ping a WeChat API, presumably to try and tie the event to an identity.
Database Exposed to Anyone with an Internet Connection for Half a Year
China may have a working surveillance program in Xinjiang, but it’s a shockingly insecure security state. Anyone with an Internet connection had access to this massive honeypot of information. Gevers also found evidence that these servers were previously accessed by other known global entities such as a Bitcoin ransomware actor, who had left behind entries in the database. To top it off, this server was also vulnerable to several known exploits. In addition to this particular surveillance database, a Chinese cybersecurity firm revealed that at least 468 MongoDB servers had been exposed to the public Internet after Gevers and other security researchers started reporting them. Among these instances: databases containing detailed information about remote access consoles owned by China General Nuclear Power Group, and GPS coordinates of bike rentals.
A Model Surveillance State for China
China, like many other state actors, may simply be willing to tolerate sloppy engineering if its private contractors can reasonably claim to be delivering the goods. Last year, the government spent an extra $3 billion on security-related constructionin Xinjiang, and the New York Times reported that China’s police planned to spend an additional $30 billion on surveillance in the future. Even poorly-executed surveillance is massively expensive, and Beijing is no doubt telling the people of Xinjiang that these investments are being made in the name of their own security. But the truth, revealed only through security failures and careful security research, tells a different story: China’s leaders seem to care little for the privacy, or the freedom, of millions of its citizens. https://www.reddit.com/4832/comments/ax7e5s/%E9%BB%91%E5%AE%A2%E5%A4%A7%E6%8F%AD%E7%A7%98_%E6%8E%8C%E6%8F%A1%E4%B8%AD%E5%9B%BD%E7%9B%91%E8%A7%86%E7%BD%91%E6%B0%91%E9%93%81%E8%AF%81/ 2019年3月4日，中国线民翻墙转贴，但相关资讯很快遭封杀。（推特截图） 中国监控网民在社交媒体活动的行为虽然早已公开化，但中方一直拒绝承认，亦没有收敛的意图。但是，一名黑客周一（4日）发布大量中国监控网民的证据，反映微信及QQ等聊天平台全无隐私保障，且随著中国网络公司的海外扩张，对其他国家构成严重威胁。 据网名Victor Gevers 的网络从业人士周一（4日）在推特透露，在中国电信骨干网的人脸识别数据库后，发现了18个分布式数据库，里面包含了微信、QQ、旺旺等6家社交网站的明文数据库，完整地记录了至少从2018年以来的这些用户的聊天记录。 此外，该监控系统每天大约处理3亿6千多万个在线个人资料及其聊天、文件传输，能检索每一个用户的私人信息，并提取名字、ID号、ID照片、GPS位置、网络信息，并将所有的对话和文件，传输在线数据库，并将这些私人信息和数据同步到每个省市警方。 根据这些数据库，各地的执法部门会调查2600到2900条消息和配置文件，并根据需要进行手动审查。 据悉，该黑客在数据库里逛了整整两周，看这些网民聊天，直到最后他通知运营商，他进了他们的数据库，然后，运营商才关闭了这18个数据库的访问。 据要求匿名的知情人告诉本台记者，骨干网，都是归属于运营商，是非常重要的网络，成本很高，一般不会商用，而官方将政府监控项目放在上面，也是为了让全国的警察能快速调取。 曾引言获罪被关押长达10年的维权人士任自元表示，这样监控系统，在中国很平常，并且随著技术的升级，他们已能做到动用机器筛选，然后再有针对性的转人工审查。对这样的监控项目，一直是中国政府最看重的事情之一。 任自元说：任何人的（资料）都在那儿，每个人的他都掌握。他已经可以做到这个了。对它来说，这是它的头等大事啊。它是由系统自动甄别的，然后系统自动甄别，再挑选一部分转人工啊。这个负责审查的人，它要调所有的看呀，他这样干。一些不重要的、保存一定时间之后会被删掉，自动删除的。反正公安系统的人都知道，他们自己的，也被监控的。老百姓很多不知道的。 熟知中美两国情况的杨宁远博士指出，在中国生活，被监控是普通的事情，只是这次被人发现了证据。他认为，在一个没有法制，可以随时践踏人权和法制的国家，这样的现象不足为奇。 杨宁远说：就是说现在发现证据了嘛，大家的言行被监控的了。我看到这个我觉得一点都不奇怪。这么多年，我这个手机被监控，我的所有的信息都被人看。在一个人可以随便失踪，被随便抓的国家，在一个冤假错案可以不平反，可以指鹿为马的国家，出现这种事情那太正常了嘛。 据知情人透露，随著大量海外人士使用微信和QQ等中国聊天软件，甚至用这些软件谈论和传递工作信息，也导致他们的信息已经没有任何秘密可言。 此外，随著此事被网民们从推特截图并转发到国内，引发了广泛的关注，但也因此给翻墙截图的网民带来危险。一位网民告诉本台记者，他现在只能迅速消除痕迹以免被抓。 本台致电运营商中网在线，但该公司的公开电话无人接听，并被自动转到了语音留言。 中国政府监视民众的通讯，一直是公开的秘密。但随著互联网的兴起，以及中国在通讯领域的迅速扩张，利用网络监控民众，也变得更为便捷。同时，中国的军情系统也不遗馀力地通过向海外推广微信等中国聊天软件，试图获取更多其它国家和民众的有价值的信息。 RFA 黄小山 / 覃晓言 2019-03-04
09-27 18:33 - 'For the poor souls that still don't know yet... / \ / The cryptomarket has been capture by the FED undercover financial operations, BTC is the main tool used to cap this market. They will take every bit of confid...' by /u/HyperBrain removed from /r/Bitcoin within 107-117min
''' For the poor souls that still don't know yet...
The cryptomarket has been capture by the FED undercover financial operations, BTC is the main tool used to cap this market. They will take every bit of confidence of this market until enough participants leave and the whole thing crumbles. Gold and Silver are also capture for years, and they live in a range, it is used to fund the dark pools of the government operations by extracting endless wealth from unaware participants. They will release false news to fuel hope and let the the market walk a little just to take it down over and over. It is an old classic practice of our financial system. It is all manipulated. The fact that BTC has a potential or can be used here or there is irrelevant, the day BTC was open for the banks to play it, was the day BTC died. If you are trading this market most likely you will lose money, today less than 0.5% doesn't. Do no believe anything they may say about the reasons why the crypto market is tanking, the game is rigged! This take down is a deliberate action of powerful actors to destabilise this market. BTC failed to show its usefulness back in 2017/2018 and now it is too late.
The end game
It is most certain, that this market will never be higher than its ATH, in fact there are higher probabilities that BTC will half in price every 6 months from here. The end game for cryptos is zero, the technologies developed will be bought for pennies on the dollar by World tech giants and will be used in the everyday to control the populous, the government will develop the World cryptoGov currency when the dollar tanks and all the rest will fade away in history. If you didn't make the millions by now, quit before you lose your shirt. Invest in rental real state and yourself. ''' Context Link Go1dfish undelete link unreddit undelete link Author: HyperBrain
A plea to help me bring justice in this damn world. Got scammed, need to track/identify Bitcoin address.
Calling all superheroes on Reddit, I just got scammed out of $1000 by an Airbnb rental, which turned out to be an elaborate scam. I made a huge mistake always trusting everyone too easily and I will learn from this. I know I would probably never see my money again and I have accepted that. Although I am going to be homeless, I don't care, I will find a way to survive. If I can get justice in this crazy world, I will be satisfied. I am looking for anyone who might have the technical expertise or skill set to help me get to the bottom of this and in turn, help protect other people from getting scammed in the future as well. While we may not be able to identify the person, but I just want to get as much information as possible (i.e. name of the bitcoin exchange or company, tracking any other address(es) that the scammer might have used after this transaction, etc.) I am sick (and I am sure others are too) of scammers being able to just get away with everything. Again, I have accepted that I cannot get the money back and I know it is probably near impossible to track the identity of a Bitcoin address, but even if there is a 1% chance, I am sure that there are real superheroes in this damn world who have the means or know how to. It's 2019. We're past the times where we don't have the technical capabilities and advanced technology to make a difference. Justice needs to be served and if the authorities cannot help, then it's up to us the people to expose them and help prevent future injustices. Here is the Bitcoin address: 35vxzdpZT25cQtVeMTCxPQzXy1MSQyVNGX So it was an elaborate scam. It worked like this:
He suggested that since he worked on an oil rig and couldn't come back until March 15, we can use Airbnb or Homeshare as the third party platform to facilitate the payment of $1,000 security deposit.
I Google'd him up, his name was David Brown (I know..lol) and oil rig and what I found was a David Brown who was an I.A.D.C. Certified Engineer, an independent contractor who worked inspecting oil rigs. I was hesitant, but thought it could be possible from my search. I even found a resume from 2012 (probably planted, I realize this after the fact) (https://www.ndt.org/resume.asp?ObjectID=28110). I also found a previous attendance list for an oil rig convention and found his name there as well.
The email that he was using to talk with me was [[email protected]](mailto:[email protected]) (now defunct) and even had the confidentiality notice on the bottom which stated "This communication may contain material protected by the I.A.D.C. - International Association of Drilling Contractors. This communication and any documents or files transmitted with it are confidential and are intended solely for the use of the I.A.D.C. - International Association of Drilling Contractors and the individual or entity to which it is addressed. Any use, dissemination, forwarding, printing or copying of this communication is strictly prohibited."
I received an email that looked exactly like Airbnb to have me go to fake Airbnb website (which actually looked legit) and you can actually click to the description of the host "David Brown" with ratings and everything. The reviews on the website for the rental property seemed legit. There were 11 reviews from saying "fast communication with host" "My uncle used to work as an oil rig, which was unconventional, but he was able to respond fast." I should have screenshotted them but unfortunately, I didn't and now the website is down obviously lol
I clicked booked and received a confirmation email saying that I need to pay for the security deposit and there were various ways to pay. He emailed me saying that he chose the non-monetary Bitcoin way where I can send it via Bitcoin ATM with the QR code, which the instructions were on the itinerary. The bitcoin address was 35vxzdpZT25cQtVeMTCxPQzXy1MSQyVNGX
After sending it, I received another confirmation from “Airbnb”, saying that my security deposit has been confirmed. Then he ghosted me and when I checked the link to the website again, there was an error. Attached are the screenshots of everything for your references.
Transcript of Open Developer Meeting In Discord - 5/10/2019
[Dev-Happy] Blondfrogs05/10/2019 Channel should be open now Chill05/10/2019 you all rock! just getting that out of the way :wink: Tron05/10/2019 Cheers everyone. theking05/10/2019 Hi fabulous dev team! Hans_Schmidt05/10/2019 Howdy! Tron05/10/2019 No specific agenda today. Questions? Has everyone seen Zelcore wallet, and Spend app? theDopeMedic05/10/2019 Any major development status updates that haven't been listed in #news? Synicide05/10/2019 How was the meetup yesterday? I heard it would be recorded, it is uploaded anywhere yet? Tron05/10/2019 And Trezor support on Mango Farm assets? @Synicide Yes it was recorded. The Bitcoin meetup organizer has the video. I talked about Ravencoin, but mostly about the stuff that was being built on/with/for Ravencoin. There was about 70% overlap with folks who were at the Ravencoin meetup in March. Synicide05/10/2019 awesome, looking forward to watching it when it's available Tron05/10/2019 I'll hit up James and see if he's posting the video. S1LVA | GetRavencoin.org05/10/2019 @theDopeMedic I'd follow github if youre interested in development status Synicide05/10/2019 zelcore looks super slick. Been meaning to research its security more with the username/pw being stored on device Chill05/10/2019 How is the progress on the restricted assets and testnet coming along? A secondary question would be about the approximate fork timeframe. S1LVA | GetRavencoin.org05/10/2019 Has anyone heard from the community dev (BW) working on Dividends? Rikki RATTOE Sr. SEC Impresantor05/10/2019 Any word on BW and his progress w dividends? @S1LVA | GetRavencoin.org LOL Tron05/10/2019 @S1LVA | GetRavencoin.org Great question. I haven't heard. Synicide05/10/2019 last meeting BlondFrogs said he would try to connect with BW as he was sick with the flu at the time. Maybe he has an update S1LVA | GetRavencoin.org05/10/2019 I've tried to get in contact, but with no success. Rikki RATTOE Sr. SEC Impresantor05/10/2019 Got a funny feeling... Jeroz05/10/2019 Last time we left off with someone mentioning a foundation and Tron saying let’s discuss that next time iirc kryptoshi05/10/2019 Has anyone taken a look at the merits for this proposal? Thoughts? https://medium.com/systems-nexus/modified-x16r-algorithm-proposal-for-constant-hash-rate-in-short-time-164711dd9044 Medium Modified X16R algorithm proposal for constant hash rate in short time Interpretation Lens V. a0.01 Tron05/10/2019 I did see it. Does anyone think this is a problem? Synicide05/10/2019 It looks interesting... but I'm not sure what it is trying to solve. Looking at netstats, our 1 hour average block time is perfectly 1 minute S1LVA | GetRavencoin.org05/10/2019 Last I heard from him he expressed how important finishing the code was. I wouldnt jump to conclusions on his absence within the community. Synicide05/10/2019 x16r by nature will fluctuate, but DGW seems to be doing a good job keeping consistent block times Tron05/10/2019 Because of relatively broad distribution across the algorithms, the block times are fairly consistent. It is possible, but very, very unlikely to get a sequence that takes up to 4x longer, but that's super rare, and only 4 minutes. We did some timing analysis of the algorithms early on. A few are 1/2 as long as SHA-256 and some are up to 4x longer. But when you randomly select 16 it usually comes out about even. Synicide05/10/2019 1hr avg: 1.02min - 24hr avg: 1min I think we should focus on building, and not trying to fix what isnt necessarily broken Tron05/10/2019 Agreed. Rikki RATTOE Sr. SEC Impresantor05/10/2019 Agreed Tron05/10/2019 Is everyone ok with the frequency (every other week) of this discussion? Jeroz05/10/2019 (Added thumbs down to measure) Tron05/10/2019 @Jeroz Did you do thumbs-up and thumbs down? S1LVA | GetRavencoin.org05/10/2019 Seems appropriate. Its not like the devs dont poke around here and chat anyways. Tron05/10/2019 Anything critical that we should be aware of? Jeroz05/10/2019 When I need a dev, I poke a dev. When that dev is unavailable. I poke another one :smiley: Hans_Schmidt05/10/2019 BlondFrogs was testing some github code last month to create a dividends snapshot database of asset holders at a given blockheight. Is that planned for inclusion? That's the only thing needed for dividends. Jeroz05/10/2019 I hope I didn’t offend any devs With poking around Rikki RATTOE Sr. SEC Impresantor05/10/2019 Was thinking voting would be an excellent use case for restricted assets. Local communities, nations, etc... could kyc their residents radiodub05/10/2019 Is x16r will remain fpga mineable Tron05/10/2019 @Jeroz We're hard to offend. Chill05/10/2019 Is the general dev feeling that the next fork should and will include everything needed for the next 6-9 months (barring something completely unforeseen)? Jeroz05/10/2019 I know :smile: Tron05/10/2019 @radiodub Nearly impossible to stop FPGAs and still keep GPUs Jeroz05/10/2019 About that: voting is another hard fork right? Not too soon? Tron05/10/2019 FPGAs can be reprogrammed as fast. It is silicon (true ASIC) that we can obsolete with a tiny change. @Jeroz Messaging, voting, Tags, Restricted Assets would require a hard fork (upgrade). We could do them each individually, but folks get weary of upgrades, so current plan is to roll them together into one. MrFanelli™05/10/2019 Good idea Jeroz05/10/2019 Oh voting too? MrFanelli™05/10/2019 People will like that Jeroz05/10/2019 I thought that was coming later Tron05/10/2019 Voting is the one that isn't being worked on now. Tags and Restricted assets have taken precedence. Jeroz05/10/2019 I know. But you plan on waiting to fork until voting is also done? That would have my preference tbh But I can see an issue with too many things at the same time Tron05/10/2019 If someone wants to step in, we've had one of our devs sidelined and he was working on BlockBook support so more light wallets can connect to Ravencoin. Mostly test cases needed at this point. S1LVA | GetRavencoin.org05/10/2019 Thats a pretty large upgrade.. Bigger surface for unknowns Rikki RATTOE Sr. SEC Impresantor05/10/2019 At what point would RVN community consider moving to ASICs because having a Bitcoin level of security would eventually be needed? MrFanelli™05/10/2019 Never rikki Tron05/10/2019 @S1LVA | GetRavencoin.org 100% Lots of testing on testnet and bounties. [Dev-Happy] Blondfrogs05/10/2019 I am here :smiley: Tron05/10/2019 @Rikki RATTOE Sr. SEC Impresantor There's nothing inherently wrong with ASICs but it tends to centralize to data centers and less opportunity for anyone to just run their gaming rig overnight and collect RVN. Welcome Blondfrogs MrFanelli™05/10/2019 Asics are too expensive. If we want normal people to mine, then we cant be an asic network Rikki RATTOE Sr. SEC Impresantor05/10/2019 @Tron True but what happens when the chain needs a Bitcoin level of protection? Tron05/10/2019 More GPUs, more FPGAs MrFanelli™05/10/2019 Nvidia loves ravencoin :stuck_out_tongue: Chill05/10/2019 ok, so we are pro FPGAs 𝕿𝖍𝖊 𝕯𝖔𝖓 𝕳𝖆𝖗𝖎𝖘𝖙𝖔 CEO ∞05/10/2019 Build it and they will come Tron05/10/2019 It's all relative. It is cost to attack. If an ASIC isn't available for rent, then only option is rental of non-allocated GPUs Rikki RATTOE Sr. SEC Impresantor05/10/2019 @Chill Eventually everyone will need FPGAs to be profitable on RVN, at that point I don't see why we just don't make the switch to ASICs Tron05/10/2019 Also, as much as we don't focus on price, the price does matter because it determines the amount of electricity and hardware will be deployed to get the block reward. Price increase means more security, more mining means more security means higher price. It's a circle. Chill05/10/2019 someone tell that to the twitter handler HailKira05/10/2019 you guys adding seedphrase to desktop wallet? [Dev-Happy] Blondfrogs05/10/2019 @HailKira We will, just is not a high priority right now. MrFanelli™05/10/2019 Twitter handle wants rvn ded Rikki RATTOE Sr. SEC Impresantor05/10/2019 I just don't see much difference between ASIC and FPGA and I'd rather have the added nethash an ASIC will provide once GPUs are virtually kicked off the network kryptoshi05/10/2019 I'm at 11 GB future proof Tron05/10/2019 That also limits miners to big money, not gaming rigs. Synicide05/10/2019 @Rikki RATTOE Sr. SEC Impresantor you have to keep in mind the 'added nethash' is all relative Rikki RATTOE Sr. SEC Impresantor05/10/2019 FPGAs will limit miners to big $$$ too IMO Tron05/10/2019 @kryptoshi New algo x16r-12G requires 12GB :frowning: Seal <:cricat:> Clubber05/10/2019 But sperating smaller gb cards would lead to less adoption if we ever become a mainstream coin. Adpotion of mining that is Chill05/10/2019 but we are a mainstream coin Seal <:cricat:> Clubber05/10/2019 Mains stream as in what eth did Tron05/10/2019 @Rikki RATTOE Sr. SEC Impresantor I agree. Not a perfect solution. Steelers05/10/2019 Is this a Dev meeting or Algo meeting :smiley: Seal <:cricat:> Clubber05/10/2019 But if we ever go mem lane. We should aim for 6 or 8gb. Tron05/10/2019 Open to other questions. Rikki RATTOE Sr. SEC Impresantor05/10/2019 @Tron Probably not the time and the place to have this discussion as we stand currently but IMO we're gonna have this conversation for real eventually Seal <:cricat:> Clubber05/10/2019 Most cards have 6gb now. kryptoshi05/10/2019 Why 12 gb ? Such a massive jump Seal <:cricat:> Clubber05/10/2019 ^ Would also like to know Tron05/10/2019 @kryptoshi I was joking. You said you had 11GB card. Seal <:cricat:> Clubber05/10/2019 Haha You got em good I cant imaghine the face he had when he was 1gb short Lel Rikki RATTOE Sr. SEC Impresantor05/10/2019 That's what she said kryptoshi05/10/2019 Hahaha MrFanelli™05/10/2019 need a 2080ti Seal <:cricat:> Clubber05/10/2019 How much does the VII have? 16? [Dev-Happy] Blondfrogs05/10/2019 Any other questions you have for us? Hans_Schmidt05/10/2019 @[Dev-Happy] Blondfrogs You were testing some github code last month to create a dividends snapshot database of asset holders at a given blockheight. Is that planned for inclusion? That's the only thing needed for dividends. Chill05/10/2019 a dev might want to contact Crypto Chico for some 'splaining [Dev-Happy] Blondfrogs05/10/2019 I still haven't contacted the developer that was working on dividends. Was pretty busy with some other stuff. I will contact him this next week, and see where we are at for that. Rikki RATTOE Sr. SEC Impresantor05/10/2019 Chico doesn't do interviews, shame. Tron would be a much needed interview for his community [Dev-Happy] Blondfrogs05/10/2019 As far as releasing dividends, I can be released at anytime the code is finished and doesn't require any voting or hardfork to occur kryptoshi05/10/2019 Android asset aware wallet? Seal <:cricat:> Clubber05/10/2019 Is in beta right Tron05/10/2019 Testing went well today on Android. Nearing release. [Dev-Happy] Blondfrogs05/10/2019 as it is a mechanism that is wallet specific liqdmetal05/10/2019 no protocol level dividends you guys are saying? [Dev-Happy] Blondfrogs05/10/2019 correct Tron05/10/2019 DM me if you want to test Android with Asset support. I'll send you the .APK. Rikki RATTOE Sr. SEC Impresantor05/10/2019 RVN gonna be on tZero wallet? :yum: liqdmetal05/10/2019 why not? what is the logic on non-protocol dividends assets + protocol dividends is nirvana [Dev-Happy] Blondfrogs05/10/2019 dividends is pretty much sending payments to addresses. Right now, you would have to do this manually. The dividends code, will allow this to be done quicker and easier. No consensus changes are required. Tron05/10/2019 New Android wallet is BIP44 and original Android wallet is BIP32/BIP39 so the words will not find the funds. You'll need to send them to another wallet, and then send them to new BIP44 derived address. liqdmetal05/10/2019 we already have payments to addresses so dividends is not a feature so much as simple wallet script Hans_Schmidt05/10/2019 @[Dev-Happy] Blondfrogs The dividend code changes look risky'er to me than messaging. Would you consider "tags" branch test-ready? [Dev-Happy] Blondfrogs05/10/2019 Not yet @Hans_Schmidt Dividends is easier then you would think if coded correctly. I still haven't seen the code from the community developer. Excited to view it though. Hans_Schmidt05/10/2019 @[Dev-Happy] Blondfrogs Sorry- I meant restricted, not dividend kryptoshi05/10/2019 @Tron on the Android wallet, anyone successfully added their own node and got it to sync faster? Always have issues. I have a supped up node and cannot get it to work with the Android wallet... [Dev-Happy] Blondfrogs05/10/2019 @Hans_Schmidt Oh, that makes more sense. Yes, they are very risky! That is why we are going to create a new bug bounty program for restricted assets testing. Rikki RATTOE Sr. SEC Impresantor05/10/2019 Once the network does get flooded w FPGAs, should we even consider changing the algo a couple times a year? That would only give bitstream developers added time to hoard their creations for themselves Kind of like they're already doing with their x16r bitstreams :yum: kryptoshi05/10/2019 Flooded... lol... like that hardware has mass production scale like gpus...come on dude MrFanelli™05/10/2019 Bip44 wallet? :smiley: Rikki RATTOE Sr. SEC Impresantor05/10/2019 @kryptoshi Eventually yes, where there's $$$ to be made, people make things happen MrFanelli™05/10/2019 So can we trade from that in the new Binance Dex when RVN get listed? kryptoshi05/10/2019 @Rikki RATTOE Sr. SEC Impresantor Yes Soon TM lol. :soontm: Tron05/10/2019 @kryptoshi There are some things we can do to speed it up. For a new wallet, it shouldn't need to sync. For recovered wallet, it needs to sync from beginning of BIP44 wallet support on iOS so words can be moved between the two. Other options include grabbing the first derived address and looking it up on an explorer to see when it was first used and sync from there. Another option is to add an optional number with the 12 words so it knows when to start syncing. There isn't a good reason on an SPV wallet to sync before the seed was created. kryptoshi05/10/2019 Cool. Glad you are looking at speedup options.. :right_facing_fist: :left_facing_fist: [Dev-Happy] Blondfrogs05/10/2019 @MrFanelli™ If the binance dex support RVN deposits. I am sure you would be able to send from it MrFanelli™05/10/2019 Has binance reached out for any info or anything? I seen that we ranked in some voting competition they had on twitter for an ama Rikki RATTOE Sr. SEC Impresantor05/10/2019 I believe we'll need to create a fund of approximately $300,000 in order to get a BNB-RVN asset created and listed on the Binance FDEX [Dev-Happy] Blondfrogs05/10/2019 In order to work with binance we need Ravencoin integrated into Blockbook. Tron05/10/2019 @MrFanelli™ I've reached back out to Binance on the AMA. MrFanelli™05/10/2019 Awesome :smile: kryptoshi05/10/2019 @Tron you are a natural on the interviews... cool as a cucumber. :sunglasses: Tron05/10/2019 Thanks @kryptoshi [Dev-Happy] Blondfrogs05/10/2019 Cool. We are done for today. Please don't ask us any more questions :smiley: Tron05/10/2019 Thanks everyone!!!! [Dev-Happy] Blondfrogs05/10/2019 Cya everyone!! S1LVA | GetRavencoin.org05/10/2019 Cya happy feet, Thanks Thanks Tron Seal <:cricat:> Clubber05/10/2019 :bepbep:
Swiss Alps Mining & Energy Logo, Source: swissalpsmining.io In the world of cryptocurrencies, money is not created, it is discovered and this process is known as mining. Mining started off simple, it could be done with the hardware of any computer equipment but with the passage of time the activity became profitable, leaving behind the inefficient equipment, evolving into RIG and ASIC mining farms. Nowadays, mining farms are being built seeking the best hardware conditions with an efficient hashrate, the lowest possible electrical consumption, and favorable environmental conditions to reduce energy consumption with 'natural cooling', combining eco-friendly solutions. Swiss Alps Energy AG (SAE) is Swiss Alps Mining & Energy operating business combining: unused buildings in the Swiss Alps, environmentally friendly mining and a sophisticated mining farm called ‘Modular Cube System’ (SAM Cubes) which evolved the ‘how-to’ of a mining farm’s development. SAE will rent out entire cubes or individual mining capacities, guaranteeing highly energy efficient and cost competitive mining. SAE will allow the possibility to rent mining facilities and the power needed can be paid in SAM tokens, offered on SAE Initial Coin Offer (ICO). Customers may also purchase cubes for their own use obtaining the necessary power from SAE and operating the cube on SAE’s premises, or deploy the cube elsewhere. Key factors of the SAE mining farms. In order to be profitable, it is essential to be efficient in all the factors that influence the cryptocurrency mining. SAE has taken into account a solution for all relevant factors: Infrastructure: they take on disused structures that cannot be inhabited, which avoids the high costs in commercial property rentals. A recovered alpine house for mining, source: swissalpsmining.io SAM Cube: mining is evolving in the creation of mining farms within adapted containers which facilitates the transport of mining farms to a new location. SAE developed its own mobile farm in prefabricated and fast-mountable SAM Cubes. The Cubes improve the transport and design of containers used for maritime transportation. They are self-contained and operate autonomously thus achieving a maximum efficient mining for maximum profit. SAM Cubes have two models available.
SAM Unit 1: with dimensions of 4x2x2 meter, with ASICs miners and a global hashrate of 800 TH/s on Bitcoin (equivalent to 50 Antminer S9 model - 14 TH/s) or several RIGs’ miners and a global hashrate of 4,000 MH/s on Ethereum (equivalent to 80 GPU GTX 1080 ti model - 50 MH/s).
SAM Unit 2: with dimensions of 8x2x2 meter, doubles the hashrate offered on the SAM Unit 1.
Swiss Alps Mining & Energy Gives The ‘Next Generation’ Of Crypto Mining Efficiency.
Key Factors of the SAE Mining Farms
In order to be profitable, it is essential to be efficient in all the factors that influence the cryptocurrency mining. SAE has taken into account a solution for all relevant factors:
Infrastructure: they take on disused structures that cannot be inhabited, which avoids the high costs in commercial property rentals.
SAM Cube: mining is evolving in the creation of mining farms within adapted containers which facilitates the transport of mining farms to a new location. SAE developed its own mobile farm in prefabricated and fast-mountable SAM Cubes. The Cubes improve the transport and design of containers used for maritime transportation. They are self-contained and operate autonomously thus achieving a maximum efficient mining for maximum profit. SAM Cubes have two models available.
SAM Unit 1: with dimensions of 4x2x2 meter, with ASICs miners and a global hashrate of 700 TH/s on Bitcoin (equivalent to 50 Antminer S9 model – 14 TH/s) or several RIGs’ miners and a global hashrate of 4,000 MH/s on Ethereum (equivalent to 80 GPU GTX 1080 ti model – 50 MH/s).
SAM Unit 2: with dimensions of 8x2x2 meter, doubles the hashrate offered on the SAM Unit 1.
Organic Rankine Cycle (ORC): is a system installed in the cubes which facilitates the process of energy recovery, taking advantage of the waste heat generated by the mining process in order to recover energy and decrease energy consumption by drastically.
Natural Cooling: SAM Cubes are located at high altitudes in the Swiss Alps with a temperature of up to 30°C and an annual average temperature of below 15°C, achieving that additional air conditioning systems are not needed, avoiding cooling equipment expenses and electric consumption.
Horizontal and Vertical Growth: With the funds raised in the ICO, SAE will be used to finance the development and expansion of mining facilities and to acquire holdings in hydropower plants. With the acquisition of hydroelectric plants, the energy used will be self-produced, reducing energy costs.
Responsible Mining: additionally, the mining activity will be eco-friendly since the Cube have dust-protected mining components, the energy comes from renewable sources and the heat emitted is used to create its own energy thanks to the Cubes’ ORC system.
[CAN-ON][H]8.3gh Ethereum Mining Farm [W]Wire Transfer
[W] BITCOIN or ETHEREUM are also acceptable. For immediate sale! My misfortune is your good luck. Due to a recent loss of our rental location, we have to move out! As a result, we are selling one of three mining farms that we have. The farm is currently STILL running, and you can see the live status here: http://31244d.ethosdistro.com/?night=yes# The farm runs on ETHOS, with 60 paid licenses for 60 rigs. There are a total of 351 Assorted cards, made up of GTX1070, 1060, RX570 and RX580 and 1 GTX1080ti All the rigs are in an open air configuration, mounted on racks usually 5 on a rack, sometimes 6. There are also: 13 APC 7941 PDU's 11 Extra MSI Z270 Pro Motherboards 10 Core i3 CPU's 4 128gb SSD drives 10 DDR4 4gb ram sticks Assorted cables Lots of ethernet cables and gigabit ethernet switches Synology RTAC2600 Router Price is $150,000USD FIRM. PM me if you want the farm. We will pack it up and ship it anywhere in North America for $3500 USD FEDEX or UPS. These rigs are custom modded to use the least amount of power, and produce the most amount of hashing. This location also have a 5ton Air Conditioning unit, with air handler, which we can remove and ship, with an added cost of $5000 + $500 Ground Shipping UPS/Fedex. This unit is only 2 months old and cost us $8000.
Hello everyone! Today I would like to talk about couple topics that are related with GPU mining. Even if you have been mining for over 6 months, you might still need to read this guide for better profit. However, you might be a new miner but know everything I will be talking here, so, it is not about for how long you have been mining, it is about how well you know the mining world. First of all, decide what type of miner you are What I mean by "decide" is, whether you are mining for making money, or supporting a project, or just as a hobby. If you are mining for supporting a project, or as hobby, then you can skip this guide because this guide is mostly for people who are willing to make money out of their GPU or GPUs. While people with 1-2 GPUs wouldn't worry that much about money, people like me, who have over 20 GPUs would be willing to make some profit because most probably that's the reason why they have that many GPUs. If you are looking to make profit out of your GPUs, here are some points you should be considering before mining a crypto currency. There are thousands of different crypto currencies that can only be mined by GPUs. And their prices/difficulties/mining rewards are different. So, your main purpose should be making the MOST bucks, with the same equipment. Think of it like this, you have 10.000 USD worth of mining equipment, and there are 5 coins you can mine. And if you mine the coin A, you will be making 100USD worth of coins daily. But on the other hand, there is a coin C, which you believe in the project, and you are willing to sell some of those mined C for expenses such as electricity, and keep the rest of the C, for future investments. But, you know that by mining coin C, you are making 90 USD worth of coins daily. But since you are thinking like "hey mate, I'm gonna hodl, so no big deal, they'll be more valuable later!", you might be feeling okay. Instead of mining like this, you should be doing something else, for making more money, but you might say "Hey dude! I also wanna keep some of the coin C, how do I do that if I don't mine it?" Well, the answer is clear. Mine the most profitable coin at the moment, coin A. If you are willing to sell all the mined coins, coin A is the best choice for you. But if you are willing to keep some amount of coin C, it is still better if you mine coin A. First, you mine 100 USD worth coin A, then you exchange your mined coin A for coin C on the market. You will lose some amount of your mined coins due to exchange/deposit/withdrawal fees on exchanges. But even then, after transferring all mined coins A to coin C, you will be holding coin C worth around 98.5 USD. So, while mining coin C, you were making 90USD daily, but now you mined coin A, made some exchanges, and ended up with 98.5 USD worth coin C. At the and of the day, you have more coin C than you would have if you have mined coin C. Now you can sell some of those coins to cover expenses, and hodl the rest. Allright, this is mostly know thing, and what most of the miners do. However, the key point I would like to mention is not exactly that. I just wanted to show that even if you want to hodl some of the coins, you can hodl more of it by mining more profitable one and exchanging. Since this is clear now, we can focus the main thing I wanted to say. We know that there are thousands of different coins and many more coming to the market everyday. So, this is actually a big opportunity for the miners. Most of the miners are using websites such as coin market cap or what to mine but these websites are not showing the recent coins, or projects. So, according to the what to mine, I would be making 35USD daily with my mining rigs. However, thanks to my personal research, I am making around 60USD daily, which is almost the double of the amount that what to mine calculates. How do I do that? Simple, by spending little time on the internet, and finding new coins. I am mining coins that are mostly not listed on websites such as coin market cap, or what to mine, or other big mining calculators. I choose smaller / recent projects, which just got listed on a small exchange, but has enough volume that I can exchange mined coins daily. Because these coins are not listed on the big mining related websites, chances are high that you would be making more money by mining them, instead of something big. But since they have a place to get exchanged, you are lucky and you can mine + exchange and make more money. How do I find those coins? As I mentioned before, by research. Checking the different subreddits, joining different discord channels and making friends online. There were many times my friends sent me a message like "hey mate, I found a coin which is x2-x3 times more profitable than other known ones.". Or, I'm checking middle size mining pools, which frequently add new coins to their pools. They do the important work here, they find a new coin and make it available to mine, so all I have to do becomes check the coin info for exchanges -- do the mining profit calculations -- start mining. Also you can check "BitcoinTalk" for announcements. This is all depending on you, you can check other platforms that you know, and find the most profitable coin to mine. Also it would be better if you have a good OS for mining, since it would take a bit long if you can't change your configurations easily. Of course all these things, research, calculations, configurations etc. would costing your valuable time, but hey, if you can make x2-x3, even x5 in some cases, and you have a decent hashpower, spending time for these things would not be a problem. Before ending my words, I would like to say one last thing. Since "more miners, higher difficulty. Higher difficulty, fewer coins and fewer coins means less profit", you might not be able to find topics like *Hey dudes, mine coin A, profit is huge" on forums. So, you should be doing your own research instead of expecting such posts. ONE LAST, and final, THING If you have found a coin, that is really profitable, you can mine yourself + use mining rental services. Lets say there is a mineable coin, and you can mine 100 USD worth of it in one day with 1GH/s hashing power. Then you can check, for example nicehash for this algorithm. If people are renting 1GH/s hashpower for 80 USD, you can give 80USD, rent hashpower, mine 100USD worth of coins, sell them and make 20USD profit. Without even having the GPUs yourself, you can make money just by renting hashpower if you really have found a good coin to mine. Consider all the things I've said, and spend some time for research, and you would be making more money than you did before :) Have a good day everyone!
⚒️ [HASHBOOK.NET POOL] ⭐ X11 ⭐ HashbookBOT for Nicehash ⭐ MOST PROFITABLE 💰
https://preview.redd.it/ynykojucnw121.jpg?width=250&format=pjpg&auto=webp&s=e7e591a519c406d4a98cb965a9275f4a95915a9c https://hashbook.net We are team of programmers who decided to make mining pool and increase profitability of your miners by offering best prices for crypto coins and lowest possible fee. We are running a mining pool for cryptocurrencies on our own dedicated servers. Pool is based on yiimp solution and has been heavily modified to serve our goals. MAIN FEATURES OF HASHBOOK - As part of promotion we offer 0% mining fee. - Fee transaction fee for payouts. - There is a 2.5% fee on autoexchange just to cover trasaction costs .- You can set payouts in any coin that is listed including BTC and LTC. - This promotion ends on 7th of January 2019. You can read more here: https://hashbook.net/site/start Big miners and mining farms can request private dedicated stratum server. Contact: Discord: https://discord.gg/gUu4x9B Tawk.to: on site chat for quick support X11 Coins: AdzCoin, Azart, Bolivar, Cannabis, DigitalCash, Euno, Fork, Futuro, Happy, KZCash, Marijuana, Monoeci, Paccoin, Pioneer, Pura, Ultra Stratum: -a x11 -o stratum+tcp://mine.hashbook.net:3533 -u [-p ] can be one of any currency we support, or a BTC address.Required: Use -p c= to set your payout coin. Failure to do so may result in your payments being sent through the wrong coin.Optional: Use -p c=,d= to set your payout coin AND difficulty of shares.Example***:*** for BTC mining most profitable coin on X11 algorithm with payouts to BTC address and shares difficulty of 64: -a x11 -o stratum+tcp://mine.hashbook.net:3533 -u 3QvGQog3uhgH29gkJpSvJTs4YeoRBRSVRj -p c=BTC,d=64 Antminer D3 settings: URL: stratum+tcp://mine.hashbook.net:3533#xnsub Worker: WALLET_ADDRESS Password: c=,d=64 Example: https://preview.redd.it/z7grcs7cow121.png?width=577&format=png&auto=webp&s=6421949971b17d2811058babf75ec7591c756761 Nicehash and MiningRigRentals: Stratum is Nicehash and MMR compatible. To avoid negative delta on Nicehash please use lowest difficulty allowed by nicehash. For X11 use difficulty 128. Example: https://preview.redd.it/5e8lzbagow121.jpg?width=668&format=pjpg&auto=webp&s=fb5f3e6fff7d2e8add64653ccafe3010823a16ae HashbookBOT for Nicehash https://preview.redd.it/yzppd5ilow121.png?width=450&format=png&auto=webp&s=7f718bd836638effcb00c34de45989c2f63a765b DOWNLOAD: https://hashbook.net/assets/hashbot/HBbotNicehash_alpha1.zip VirusTotal: https://www.virustotal.com/#/file/e6b2e6dec48806e2c2aa83b0b4828b20d0b1161116de4c788e0efec277e3d1a2/ Version: alpha 1 DM5 HashbookBOT.exe: a23f7109b092c83982c9a2c166980568 SHA-1 HashbookBOT.exe: 58188577edb6e1104ffc10b4464fa60decfea97c What is HashbookBOT? HashbookBOT is a Nicehash BOT who monitors pool profitability and coin profitability every 30 seconds. According to that results it changes speed limit on your nicehash orders. If BOT detects profitability is greater then order price on Nicehash, then BOT will set unlimited speed for that order. And if BOT detects profitability on pool is lower then pride of order on Nicehash, it will change speed limit to 0.01. Having multiple orders with different prices will result in constant hashrate and possible greater profit. Is it hard to use? No. You just have to add your Nicehash API. ID and KEY, add your wallet addreses (Options -> Wallets) and create orders within HashbookBOT under (Options -> Create orders). https://preview.redd.it/ibiz7kdsow121.png?width=416&format=png&auto=webp&s=2c23d8cf20ffa00b3d908a2555fb60fbe81d43ee How do I add my payout wallet? Options -> WalletsSelect: Bitcoin, FuturoCoin or HappyCoin and enter your wallet addresses for each one. https://preview.redd.it/khzdlcztow121.png?width=292&format=png&auto=webp&s=1c49582ff52be7376e7dbccbef511ae50ab87a8e How do I crate orders? Options -> Create orders. https://preview.redd.it/6hx8k96vow121.png?width=341&format=png&auto=webp&s=0cab6b47af734b6e71776bb21f4b93e968a0da01 Step 1: Coin to mine: Here you select profitability checking. There are 3 options. - Mine most profitable coin (This option will check profitability of all coins on pool). - FuturoCoin (This option will check profitability of FutoroCoin and your orders will open/close speed limit based on FuturoCoin profitability). - HappyCoin (This option will check profitability of HappyCoin and your orders will open/close speed limit based on HappyCoin profitability). Step 2: Pool payout settings:Select payout currency. BTC, FTO or HPC. (Your have to add your wallet addresses before you continue in Options -> Wallets). Step 3: Placement: US or EU nicehash servers. In example: EU Number of orders: How many orders you wish to open. In example: 3 Base price: starting price of order. In example: 0.014 Price increase: select price increse for each next order. In example: 0.002 Fill each order with: 0.010 BTC [Minimum by Nicehash]. In example: 0.010 Setp4: Press button "CREATE ORDERS AND SAVE". Example: If you selected 3 number of orders first order will set price at base prace, next order will be increase by price increase value and third order will be increased by previes order price plus price increse. Order 1: EU server with price: 0.014 and 0.010 to spend. Order 2: EU server with price: 0.016 and 0.010 to spend. Order 3: EU server with price: 0.018 and 0.010 to spend. How do I start profitability cheking? In main window select nicehash server where you just created your orders. EU or US. Then File -> Start. Do I have to leave program running? YES! Before you quit program make sure you limit all orders with File -> Pause all orders to prevent any loss. https://preview.redd.it/t88azx5zow121.png?width=450&format=png&auto=webp&s=c22de58546097fbbf9a395787b53dbac04418a4f Warning: DO NOT DOWNLOAD THIS BOT FROM ANY OTHER LINK BUT THE ONE PROVIDED ABOVE!
Hey guys, I've tried a few different pools that I really like. I just learned about zpool and ckpool. I'm wondering how you would rank these pools in order of preference. Here's mine (in order of preference):
Prohashing (they just added sha-256)
Bitcoin.com pool (auto-profit)
The Blocks Factory (for Digibyte sha-256)
Mining Rig Rentals
CK Pool (just played around with)
ZPool (just played around with)
ViaBTC (just played around with)
How would you rate those, which would you add or subtract and why?
As the end of the year gets closer, I'm wondering how people are handling their taxes? This wiki covers some of the basics at a high level. I have started researching this to make sure my records are precise and understand what kind of headache this adds to the mining equation. I had a brief chat with my tax advisor (who loves me because every year I seem to come up with new and novel things for him to make money researching) and his conclusion was that LTC or BTC received from pool mining is taxable as income at the time of receipt. You are receiving compensation in the form of coins for the use of your property (mining rigs) which is just really no different than an equipment rental business. Unfortunately for many of us, it appears it should be based on the compensation you received at the time of service. So last week when if you earned 1 BTC you would be taxed on $1000 in income. Further, if you hold the BTC and then sold it at $2000 you would owe additional taxes on the gain from $1000 -> $2000. You probably can deduct reasonable expenses against the gain (server cost, power use). His recommendation for pool mining is to record the amount of coins received on a weekly basis and the average USD/coin rate during that week to use that as a basis for calculating what you owe "to make it simpler than tracking every day." Unfortunately when you are mining many different coins this sounds like it can turn into a complicated venture. The biggest bad news is that you are taxed on this "income" as it happens, but if the value of the coin falls your tax burden stays the same. For solo mining, you would be taxed on the USD value of the coin when you solve a block and get the coin, so it's much simpler to track. It's much clearer if you just BUY coins as an investments. Then it's treated just like buying an investment. But $10k of BTC at $100, sell $100k of BTC at $1000 and you owe taxes on $90k of gain. I'm wondering if anyone else has talked taxes and concurs with this assessment. Or if someone has an alternative theory. My tax guy, of course, aims to make sure I am compliant but it is such a new area there isn't a firm guideline for handling it yet to his knowledge. So some well written/explained documentation might change his opinions. So how do you handle this?
My Account activity on prohashing mining rig rentals.
My Account activity on https://prohashing.com mining rig rentals. Date Earned Virtacoin 112,489.32916335 Payout on 12/8/2016 12/7/2016 Earned Bitcoin 0.00000100 Payout on 12/7/2016 12/6/2016 Earned Virtacoin 80,434.60526397 Payout on 12/7/2016 12/6/2016 Live balances All: Expand - Collapse Virtacoin 224,554.29343903 after only 2 days of mining with more days to go. Date Earned Virtacoin 112,489.32916335 Payout on 12/8/2016 12/7/2016 Earned Virtacoin 80,434.60526397 Payout on 12/7/2016 12/6/2016 Live balances for 2 days mining. my rental ends in 119 hrs that's approx.5 more days. and i don't use all of my btc that i bought for $75 USD. so when it's finished we can rent another one Virtacoin 224,554.29343903 This is only 2 days mining. I put in approx. $75 USD and have 5 more days to go. Lets see what the end results will be The virtaclin promotional fund sells 750 thousand for $100.00 USD. I already have 224,554.29343903 in just 2 days. Lets see what the end results will be I'm new at this but looks good to me. I'm helping virtacoins timing from your wallet to say Bluetrade etc. etc.. every little bit counts. The virtaclin promotional fund sells 750 thousand for $100.00 USD. I already have 224,554.29343903 in just 2 days. https://www.reddit.com/VirtaCoinFoundation/comments/5g80jm/the_mining_team_fundraising_the_talks_must_lead/
Cloud Mining Advice: Genuine vs Scam Crypto Mining Sites
There are few confirmed crypto mining outfits out there that definitely do not scam people: Bitcoin.com - https://pool.bitcoin.com/index.html?code=ekmrxm (not the cheapest, but they do seem to have extra bonuses making up for it - and they are solid) Hashflare.io - https://hashflare.io/d586f47e (Cheaper than bitcoin.com and more mining options but also more blurry fees) Genesis Mining - https://www.genesis-mining.com/a/1914871 (One of the oldest mining outfits out there. In between hashflare and bitcoin.com in price but often sold out on BTC / Sha266 mining) Semi/possible scams:
All "mining" options offering daily growth of set sizes are basically scam as they do not actually mine at all, they live on the ponzi scheme of paying yesterdays joiners with todays money. It will pay for a while - then collapse and disappear. Stay away from offers like bitconnect, neoconnect etc - though sometimes referred to as mining, they do nothing of the sort
Nicehash is actually a genuine platform where you rent hashrates from private miners. You can rent for monero mining, oldschool sha266, scrypt, x11, x12 etc etc. You basically rent a mining rig, attach it to a pool and collect the coin. Hard to find outright profitable rentals, but some digging can reveal goodies. The reason it is in possible scams is the recent hack of nicehash emptying their bitcoin account, thus leaving is a bit uncertain if you will get paid and/or serviced. Nicehash is probably fine to use still - just be a bit cautious
Minergate. A simple mining option usable on phone/cpu/browser. People report hashrate skimming, minimum payout tampering, high fees on cloud options etc, but some also report actually being paid so it probably isnt a complete scam.
Fflakmining. They offer "free" hashrates on signup (released if you actually buy something). They lack proof of operations and dont seem to have independent verification to be found anywhere. But they do have a legit looking system and site, or in other words its a clever variation of mining scams - or it will actually turn out to be legit. Approach with caution but dont write them off completely either
MiningRigRentals.com focuses on providing a top level crypto mining rig hashpower rental service. The focus is to unite renters and rig owners for the purpose of exchanging Crypto-currency for mining time. A secure, safe, better alternative to similar services online. Join our community today! The company has been providing its services for three years now, but their users never complained about the services provided. Nowadays, the platform can offer you 400+ available SHA256 rigs, 500+ Scrypt based rigs and 200+ X11 rigs for renting.. A very appealing referral system is offered at Mining Rig Rentals. Bitcoin & Cryptocurrency. Tags. bitcoin-mining cloud-mining rent-mining-rig. Mining Rig Rentals (sometimes referred to as MiningRigRentals, MRR) was added by Danilo_Venom in Dec 2017 and the latest update was made in Feb 2019.The list of alternatives was updated Jan 2020.It's possible to update the information on Mining Rig Rentals or report it as discontinued, duplicated or spam. Bitcoin mining is a booming industry, but the Bitcoin price increasing can help make up some of these losses. The Bitcoin price is increasing at an average of 0.3403% per day over the past year. Try messing with the calculator using different prices. The motivations behind renting a rig can be different for newbies to cryptocurrency and expert miners who want to try out new equipment or algorithms. MiningRigRentals.com is offering a one-stop solution to anyone. About Mining Rig Rentals. Mining Rig Rentals service has been developed from the ground up by miners for the mining community.
Best Nicehash Alternative - Renting your Mining Rigs W/ Mining Rig Rentals - Tutorial
Just want to show you guys my 2 mining systems that actually pays my rent. Luckly my rent isn't a lot :P ***** Any Donations Are Welcome This video is not a financial advise and I am just sharing about my experience in using Mining Rig Rentals platform for a week now. I already invested $300 in this platform in the hopes that I can ... How to rent a mining rig at Leaserig.net - Bitcoin mining Litecoin mining - Duration: 12:21. Bitcoin & Crypto 6,965 views. 12:21. #bitcoin #howtominebitcoin #ethereum #miningrigrentals Rent Ethash Mining Rig Rentals - http://rig.rent/rigs/164333 Enjoy throughness of the coverage of the ... Mining Rig Rental 24 hrs later profit?.. Hey guys quick update video on the MRR that I did a video on. I think we made out pretty good. Let me knw what you think. don't forget to check out the new ...