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Disclaimer: This is my editing, so there could be always some misunderstandings and exaggerations, plus many convos are from 'spec channel', so take it with a grain of salt, pls. + I added some recent convos afterward. -------------------------------------------------- 📷 Luigi Vigneri [IF]어제 오후 8:26 Giving the opportunity to everybody to set up/run nodes is one of IOTA's priority. A minimum amount of resources is obviously required to prevent easy attacks, but we are making sure that being active part of the IOTA network can be possible without crazy investments. we are building our solution in such a way that the protocol is fair and lightweight. 📷 Hans Moog [IF]어제 오후 11:24 IOTA is not "free to use" but it's - fee-less you have tokens? you can send them around for free 📷 Hans Moog [IF]어제 오후 11:25 you have no tokens? you have to pay to use the network 📷 lekanovic어제 오후 11:25 I think it is a smart way to avoid the spamming network problem 📷 Hans Moog [IF]어제 오후 11:26 owning tokens is essentially like owning a share of the actual network and the throughput it can process 📷 Hans Moog [IF]어제 오후 11:26**** if you don't need all of that yourself, you can rent it out to people and earn money 📷 Hans Moog [IF]어제 오후 11:27 mana = tokens * time since you own them simplified 📷 Hans Moog [IF]어제 오후 11:27 the longer you hold your tokens and the more you have, the more mana you have but every now and then you have to move them to "realize" that mana 📷 lekanovic어제 오후 11:28 Is there any other project that is using a Mana solution to the network fee problem ? 📷 Hans Moog [IF]어제 오후 11:28 nah the problem with current protocol is that they are leader based 📷 Hans Moog [IF]어제 오후 11:29 you need absolute consensus on who the current leaders are and what their influence in the network is that's how blockchains works 📷 Hans Moog [IF]어제 오후 11:29 if two block producers produce 2 blocks at the same time, then you have to choose which one wins and where everybody attaches their next block to IOTA works differently and doesn't need to choose a single leader we therefore have a much bigger flexibility of designing our sybil protection mechanisms in a way, mana is also supposed to solve the problem of "rewarding" the infrastructure instead of the validators in blockchain only the miners get all the money running a node and even if it's one that is used by a lot of people will only cost you won't get anything back no fees, nothing the miners get it all 📷 Hans Moog [IF]어제 오후 11:31 in IOTA, the node operators receive the mana which gives them a share of the network throughput 📷 Hans Moog [IF]어제 오후 11:32 because in blockchain you need to decide whose txs become part of the blocks and it's not really based on networking protocols like AIMD 📷 lekanovic어제 오후 11:33 And the more Mana your node have, the more trust your node has and you have more to say in the FPC, is that correct? 📷 Hans Moog [IF]어제 오후 11:33 yeah a node that has processed a lot of txs of its users will have more mana than other nodes and therefore a bigger say in deciding conflicts its a direct measure of "trust" by its users 📷 lekanovic어제 오후 11:34 And choosing committee for dRNG would be done on L1 protocol level? Everything regarding Mana will be L1 level, right? 📷 Hans Moog [IF]어제 오후 11:35 Yeah Mana is layer1, but will also be used as weight in L2 solutions like smart contracts 📷 lekanovic어제 오후 11:35 And you are not dependant on using SC to implement this 📷 Hans Moog [IF]어제 오후 11:35 No, you don't need smart contracts That's all the base layer 📷 Hans Moog [IF]어제 오후 11:37 'Time' actually takes into account things like decay So it doesn't just increase forever It's close to "Demurrage" in monetary theory 📷 lekanovic어제 오후 11:36 For projects to be able to connect to Polkadot or Cosmos, you need to get the state of the ledger. Will it be possible to get the Tangle state? If this would be possible, then I think it would be SUPER good for IOTA 📷 Hans Moog [IF]어제 오후 11:38 Yeah but polkadot is not connecting other dlts Just inhouse stuff 📷 Hyperware어제 오후 11:39 Is there still a cap on mana so that the rich don't get richer? 📷 Hans Moog [IF]어제 오후 11:39 Yes mana is capped 📷 TangleAccountant어제 오후 11:39 u/HansMoog [IF] My first thought is thatthe evolution of this renting system will lead to several big mana renting companies that pool together tons of token holders mana. That way businesses looking to rent mana just need to deal with a reliable mana renting company for years instead of a new individualevery couple of months (because life happens and you don't know if that individual will need to sell their IOTAs due to personal reasons). Any thoughts on this? 📷 Hans Moog [IF]어제 오후 11:41 u/TangleAccountantyes that is likely - but also not a bad thing - token holders will have a place to get their monthly payout and the companies that want to use the tangle without having tokens have a place to pay 📷 TangleAccountant어제 오후 11:42 Oh I completely agree.That's really cool. I'll take a stab at creating one of those companies in the US. 📷 Hans Moog [IF]어제 오후 11:42 And everybody who wants to run a node themselves or has tokens and wants use the tangle for free can do so But "leachers" that would want to use the network for free won't be able to do so I mean ultimately there will always be "fees", as there is no "free lunch". You have a certain amount of resources that a network can process and you have a certain demand. And that will naturally result in fees based on supply / demand what you can do however is to build a system where the actual users of that system that legitimately want to use it can do so for free, just because they already "invest" enough by having tokens or running infrastructure they are already contributing to the well-being of the network through these two aspects alone it would be stupid to ask those guys for additional fees and mana essentially tries to be such a measure of honesty among the users 📷 Hyperware어제 오후 11:47 It's interesting from an investment perspective that having tokens/mana is like owning a portion of the network. 📷 Hans Moog [IF]어제 오후 11:48 Yeah, you are owning a certain % of the throughput and whatever the price will ultimately be to execute on this network - you will earn proportionally but you have to keep in mind that we are trying to build the most efficient DLT that you could possibly ever build 📷 semibaron어제 오후 11:48 The whole mana (tokens) = share of network throuput sounds very much like EOS tbh Just that EOS uses DPoS 📷 Hans Moog [IF]어제 오후 11:50 yeah i mean there is really not too many new things under the sun - you can just tweak a few things here and there, when it comes to distributing resources DPoS is simply not very nice from a centralization aspect 📷 Hans Moog [IF]어제 오후 11:50 at least not the way EOS does it delegating weights is 1 thing but assuming that the weight will always be in a way that 21 "identities" run the whole network is bad in the current world you see a centralization of power but ultimately we want to build a future where the wealth is more evenly distributed and the same goes for voting power 📷 Hans Moog [IF]어제 오후 11:52 blockchain needs leader selection it only works with such a centralizing component IOTA doesn't need that it's delusional to say that IOTA wouldn't have any such centralization but maybe we get better than just a handselected nodes📷 📷 Phantom3D어제 오후 11:52 How would this affect a regular hodler without a node. Should i keep my tokens elsewere to generate mana and put the tokens to use? 📷 Hans Moog [IF]어제 오후 11:53 you can do whatever you want with your mana just make an account at a node you regularly use and use it to build up a reputation with that node to be able to use your funds for free or run a node yourself or rent it out to companies if you just hodl 📷 semibaron어제 오후 11:54 Will there be a build-in function into the node software / wallet to delegate ("sell") my mana? 📷 Hans Moog [IF]어제 오후 11:55 u/semibaronnot from the start - that would happen on a 2nd layer ------------------------------------------------------------------------------------------------------------ 📷 dom어제 오후 9:49
suddenly be incentive to hold iota?
to generate Mana 📷 Hyperware오늘 오전 4:21 The only thing I can really do, is believe that the IF have smart answers and are still building the best solutions they can for the sake of the vision 📷 dom오늘 오전 4:43 100% - which is why we're spending so much effort to communicate it more clearly now we'll do an AMA on this topic very soon 📷 M [s2]오늘 오전 4:54 u/dom please accept my question for the AMA: will IOTA remain a permissionless system and if so, how? 📷 dom오늘 오전 4:57 of course it remains permissionless 📷 dom오늘 오전 5:20 what is permissioned about it? is ETH or Bitcoin permissioned because you have to pay a transaction fee in their native token? 📷 Gerrit오늘 오전 5:24 How did your industry partners think about the mana solution and the fact they need to hold the token to ensure network throughput? 📷 dom오늘 오전 5:26 u/Gerritconsidering how the infrastructure, legal and regulatory frameworks are improving around the adoption and usage of crypto-currencies within large companies, I really think that we are introducing this concept exactly at the right time. It should make enterprise partners comfortable in using the permissionless network without much of a hurdle.They can always launch their own network if they want to ... 📷 Gerrit오늘 오전 5:27 Launching their own network can’t be what you want 📷 dom오늘 오전 5:27 exactly but that is what's happening with Ethereum and all the other networks they don't hold Ether tokens either. 📷 Gerrit오늘 오전 5:32 Will be very exciting to see if ongoing regulation will „allow“ companies to invest and hold the tokens. With upcoming custody solutions that would be a fantastic play. 📷 Hans Moog [IF]오늘 오전 5:34 It's still possible to send transactions even without mana - mana is only used in times of congestion to give the people that have more mana more priority there will still be sharding to keep the network free most of the time 📷 Hans Moog [IF]오늘 오전 5:35 but without a protection mechanism, somebody could just spam a lot of bullshit and you could break the network(수정됨) you need some form of protection from this 📷 M [s2]오늘 오전 5:36 u/HansMoog [IF]so when I have 0 Mana, I can still send transactions? This is actually the point where it got strange... 📷 Hans Moog [IF]오늘 오전 5:37 yes you can unless the network is close to its processing capabilities / being attacked by spammers then the nodes will favor the mana holders 📷 Hans Moog [IF]오늘 오전 5:37 but having mana is not a requirement for many years to come currently even people having fpgas can't spam that many tps and we will also have sharding implemented by then 📷 M [s2]오늘 오전 5:39 Thank youu/HansMoog [IF] ! This is the actually important piece of info! 📷 Basha오늘 오전 5:38 ok, i thought it was communicated that you need at least 1 mana to process a transaction. from the blogpost: "... a node with 0 mana can issue no transactions." maybe they meant during the congestion**, but if that's the case maybe you should add that** 📷 Hans Moog [IF]오늘 오전 5:42 its under the point "Congestion control:" yeah this only applies to spam attacks network not overloaded = no mana needed 📷 Hans Moog [IF]오늘 오전 5:43 if congested => favor txs from people who have the most skin in the game but sharding will try to keep the network non-congested most of the time - but there might be short periods of time where an attacker might bring the network close to its limits and of course its going to take a while to add this, so we need a protection mechanism till sharding is supported(수정됨) 📷 Hans Moog [IF]오늘 오전 6:36 I don't have a particular problem with EOS or their amount of validators - the reason why I think blockchain is inferior has really nothing to do with the way you do sybil protection and with validators I mean "voting nodes" I mean even bitcoin has less mining pools and you could compare mining pools to dpos in some sense where people assign their weight (in that case hashing power) to the corresponding mining pools so EOS is definitely not less decentralized than any other tech but having more identities having weight in the decision process definitely makes it harder to corrupt a reasonable fraction of the system and makes it easier to shard so its desirable to have this property(수정됨) ------------------------------------------------- 📷 Antonio Nardella [IF]오늘 오전 3:36
u/C3PO[92% Cooless]They could also add more git repos instead of the wallet one, and we would probably be #1 there too.. ---------------------------------------------------------------------------------- Disclaimer: I'm sorry, maybe I'm fueling some confusion through posting this mana-thing too soon, but, instead of erasing this posting, I'm adding recent convos. Certain things about mana seem to be not clear, yet. It would be better to wait for some official clarification. But, I hope the community gives its full support to IF, 'cause there could be always some bumps along the untouched, unchartered way. -------------------------------------------------------------------------------------- Recent Addition;
Billy Sanders [IF]오늘 오후 1:36
It's still possible to send transactions even without mana - mana is only used in times of congestion to give the people that have more mana more priority
u/HansMoog [IF] Im sorry Hans, but this is false in the current congestion control algorithm. No mana = no transactions. To be honest, we havent really tried to make it work so that you can sent transactions with no mana during ties with no congestion, but I dont see how you can enable this and still maintain the sybil protection required. u/LuigiVigneri [IF] What do you think?📷
Dave [EF]오늘 오후 2:19
Suggestion: Sidebar, then get back to us with the verdict.(수정됨)📷2📷
dom오늘 오후 2:27
No Mana no tx will definitely not be the case(수정됨)📷5📷7***[오후 2:28]***Billy probably means the previous rate control paper as it was written by Luigi. I'll clarify with them📷
Hans Moog [IF]오늘 오후 2:29
When was this decided u/BillySanders [IF] and by whom? Was this discussed at last resum when I wasnt there? The last info that I had was that the congestion control should only kick in when there is congestion?!?***[오후 2:29]***📷 📷 📷📷
Navin Ramachandran [IF]오늘 오후 2:30
Let's sidebar this discussion and return when we have agreement. Dave has the right idea
Building an Ethereum Mining Rig (13 GPU) - 4th part
Third update to the guide "Building a Mining Rig for Ethereum". The absolute first guide to building a RX Vega 64 8gb 13 GPU Mining Rig. Reading this guide to building a 13 GPU Ethereum mining rig requires adequate knowledge of building and running an Ethereum Mining Rig. We therefore recommend a previous view of our Guide to build a Mining Rig and related updates. Let's immediately list the hardware used: - Asus Mining Master X370 mainboard - Core i5 Coffee Lake CPU - 480 or 500GB SSD - 32Gb Ram - 13 GPU RX Vega 64 8Gb - 3 x 1000W power supplies - 1 1200W power supply - 8Gb USB stick In this guide we will obviously not explain how to mount the hardware of a Rig. The only notes we wish to underline are the following: - the 1200W power supply must be the primary one on which to connect 4 GPUs and the video output for the monitor - all the risers, as well as obviously the GPUs, must be powered through the 8-pole connections of the power supplies. We strongly advise against the use of 6-pole ports. Therefore, have the appropriate number of cables available for all connections. Risers can also be powered in pairs. - the model of the video card used is the Asus Rog Strixx Gaming RX Vega 64 8Gb The operating system is Windows 10 updated to the latest version available. The tool for creating installation media is available at the following link https://www.microsoft.com/it-it/software-download/windows10 to be able to use the USB key as a launcher for installing Windows 10 . With the Asus Mining Master, the GPU risers can be connected directly to the motherboard via the USB cable, thus making one of the small components of the riser kits unusable. After making all the connections on the motherboard, check that all GPUs are highlighted in green when the PC starts up. If not, move the USB cable on the motherboard one position. It may take at least 2 or 3 attempts. Ethereum mining with 13 GPUs Having solved this possible small inconvenience, let's proceed with the installation of the AMD Adrenaline 2020 drivers, always updated to the latest version, relating to the RX Vega Series. If you want to proceed with more caution, the advice is to disconnect all the GPUs (remembering the locations of the USB cables) except one before installing the drivers. The mining will be carried out on the Ethermine pool, our favorite, using the Claymore 15 software. Once the download is complete, you will have to unzip the folder on the desktop and open the start.bat file contained in the Claymore folder using Notepad. The procedure is the usual one: delete the content and copy-paste the following command string: start config.dll -epool eu1.ethermine.org:14444 -ewal "your ETH wallet address" -epsw x -worker "worker" EthDcrMiner64.exe Where EthDcrMiner64.exe is the executable, -epool indicates the pool to mine and its port, -ewal is the wallet address and -epsw is the password that we leave blank (X). In place of "your wallet address" you will have to put your Ethererum wallet and instead of worker you will enter an identification number in case you plan to build more RIGs (such as RIG1, RIG2, etc ...). At the following link, many other useful commands for your Rig: https://github.com/Claymore-Dual/Claymore-Dual-Miner Try to run mining and check that the system is stable. In the Payouts section, after a few minutes of mining, you can decide the minimum amount of Ether to be sent to your wallet by simply entering the IP address of the RIG. We performed the mining directly on the Ethereum address of the Exodus wallet. Coinbase is not supported. Overclocking with OverdriveNTool Let's proceed now with the download of OverdrivenTool at the following link: https://forums.guru3d.com/threads/overdriventool-tool-for-amd-gpus.416116/ For those unfamiliar with it, we recommend reading our software guide. For those who do not intend to experiment or do not completely trust their software experience, at the following link you can view the settings on the parameters of the GPUs and the RAM of the GPUs - and other small tricks - to obtain the best possible performance without forcing the cards too much. video. On our Youtube channel (subscribe numerous !!!) you will now be able to see the video relating to the start of mining and the one concerning the stabilization phase. To better cool the Rig we have also installed fans for the extraction of heat as caution is never too much. Moreover, there is also an aesthetic gain. Conclusions on the guide to build a 13 gpu ethereum mining rig. Finally, we conclude this guide by reporting what everyone was waiting for (we do not say how long we had to wait before obtaining this result) the video link complhttps: //www.youtube.com/watch? V = k53XZn3zc9I & t = 61seto del Rig e del Mining . We remain available for any advice, both on pools, on yield and on consumption. Feel free to contact us in case you run into any problems where our guide to Building a 13 GPU Ethereum Mining Rig has not been completely helpful. See you soon. If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A Horizen Faucet: https://getzen.cash/auth/register?ref=153228
First update to the guide "Building a 6Gpu Mining Rig for Ethereum" - Let's talk about Claymore. This update supplements and does not replace the Guide to Build a 6GPU Mining Rig for Ethereum published on our site. The substantial differences are due to the installation of the latest version of the Windows 10 Operating System, the mining on the Ethermine pool (in our opinion simpler than Dwarfpool) and the use of the XFX RX 580 8gb GPUs. The first variant is found in Part 4 of the guide: the environment variables are not to be entered as they will be integrated directly into the bat file to start mining. The second variant is found in Part 7 of the guide and leads us to "mine" on a different pool using the Claymore software. Download the latest version at the following link: https://github.com/Claymore-Dual/Claymore-Dual-Miner Once downloaded, unzip everything on a folder on your desktop and open the start.bat file with notepad. Clear the contents and copy the following command: start config.dll -epool eu1.ethermine.org:14444 -ewal "your ETH wallet address" -epsw x -worker "worker" EthDcrMiner64.exe Where instead of "your wallet address" you will have to put your Ethererum wallet - obviously without the quotes - and instead of worker you will put an identification number in case you build more RIGs (such as RIG1, RIG2, etc ...). We opted for the eu1 pool even if some on the discussion forums believe that the us1 is more profitable. At the following link, many other useful commands for your Rig: https://github.com/Claymore-Dual/Claymore-Dual-Miner The Ethermine pool offers a very well crafted and descriptive interface. In the Payouts section, after only 5 minutes of mining, you can decide the minimum amount of Ether to be transferred to your wallet by simply entering the IP address of the RIG. We have decided to mine directly on the Ethereum address of our Exodus wallet. It is not recommended to mine directly on Coinbase, as reported on the site itself. Sin. Nothing should be left to chance when you decide to build a mining rig for Ethereum. The third variant is the most difficult of all. Once you have reached Part 5 of the guide, you can decide whether to continue or follow this update / variant. If you are here it is probably because you have run into some problem that the guide does not allow you to solve. With the latest version of Windows 10, you may run into a kernel conflict between the operating system and AMD's Radeon Software Crimson ReLive Edition Beta for Blockchain Compute drivers. This conflict will prevent you from using Atiflash after installing the drivers. Important: Before making any changes to the BIOS, please backup each GPU. Important: first of all flash the GPUs with the original bios if for any reason you are forced to reinstall the operating system. Still on Atiflash. The advice would therefore be to flash the GPUs and then install the AMD drivers. Let's say it would be because you may run into another problem this time related to the GPUs themselves. Since each video card is different from any other, the bios mod of the GPU could crash the operating system showing the classic blue screen and displaying an error related to the Atimkdag.sys file. This could be due to the fact that some GPUs have significantly higher performance in the calculation phase than others. We could call it a factory overclock but not using them for gaming we cannot say it with absolute certainty. Having assessed these two drawbacks, the only safe solution is to flash all the GPUs, disconnect them except for the first one, install the Blockchain drivers (plus Atimkdag patch) and launch the mining command verifying that the operating system does not go into crash in the next 5 minutes. Turn off the rig again and connect the second GPU so on up to the sixth. In the event that one or more video cards should crash the system, disconnect them. After that, it uses DDU from the provisional mode and flashes these GPUs with their original bios. At this point, connect them again, reinstall the Blockcain drivers (plus Atimkdag patch) and start mining definitively. All the operations related to the use of Atiflash, DDU and driver installation are reported in Part 5 and Part 6 of our guide. A little bit of Overclocking. You will certainly find significant differences in performance between the GPUs. At this point all that remains is to "operate" with an overclocking software. We opt for OverdriveNtool. Our constantly updated guide is available at the following link: https://www.cryptoall.it/2019/10/12/complete-guide-to-overdriventool/ Link to the official YouTube channel for verification: https://www.youtube.com/channel/UCdE9TTHAOtyKxy59rALSprA GPUs with modified bios will not leave much room for modification. You will have to proceed with the most extreme overclocking on those that mount the original bios; obviously always in small steps by saving the profile for each GPU. Our guide explains in detail how to do it. Hoping to have been of help, we give everyone an appointment for the second part of the update on how to build an Ethereum mining rig in which we will explain in detail the dual mining on the Ethermine pool. See you soon. If you liked this article and would like to contribute with a donation: Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
This review is not sponsored! Neither it is an ad. How to choose a mining pool? How to avoid stale shares? The pros and cons of different services.
What is a cryptocurrency mining pool?
A “mining pool" is a server that distributes the task of calculating the block signature between all connected participants. The contribution of each of them is evaluated using the so-called “shares”, which are potential candidates for receiving a signature. As soon as one of the “shares” hits the target, the pool announces the readiness of the block and distributes the reward. However, if you participate in the pool, then you will have to share the profit with all the participants in the pool, but for the majority, this usually is the most profitable option.
Which pool is better for mining?
The best mining pools should meet the following criteria:
Minimum commission for using their services (mining and funds withdrawal);
24/7 availability to monitor all the steps of mining;
Honesty, reliability and a long time of existence (among the owners of pools some scammers steal part of the power of miners and dissolve into oblivion with the funds earned by miners);
The high computing power of the pool makes it more likely that blocks will be found regularly (with low pool power, all work may be wasted due to the low probability of finding blocks);
A small ping) from the user's mining equipment to the pool servers to ensure timely receipt of tasks from the pool and minimize the number of stale shares;
If the mining power is small, it is worth paying attention to the minimum payout threshold so that you do not have to wait for it for a long time.
Key selection criteria
To select a good pool for each specific cryptocurrency, you need to carefully study all the information available about it on its website and on the forums. To reduce the number of stale shares, it is better to mine on the pool closest to the miner. You can choose the fastest mining pool by studying the information about the processing speed of the share in the mining program or by pinging the time it takes for the signal to pass from the miner's computer to the servers of the pool.
HUGE BETFURY 2.0 UPDATE - I-Gaming experience you deserve!
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BetFury moves from Tron to Bitcoin as a master cryptocurrency on the platform. That means that all the internal ratings, wager calculations, rankings, jackpots will be in Bitcoin now.
Important! All the reached users' ranks, global ratings of top users, and other data has been recalculated from TRX into BTC after the launching of BetFury 2.0.All data was transferred correctly without any loss.
Deposit/Withdrawal https://preview.redd.it/w0a3bwxcga551.png?width=587&format=png&auto=webp&s=4277d8fa0b6f14912c2de2d7733b925e06098df8 Another important global change is related to Tron users who had to use TronLink, TronWallet or any other web 3 API wallet for entering BetFury. This way can still be used to sign in.We open the doors for the whole crypto world with user-friendly login by using 📧 email/pass. BetFury generates a unique address for every user to deposit funds to use all services (games, staking, etc).BetFury platform continues to provide an instant automatic Deposit/Withdrawal system. Account From the very beginning BetFury presents the place for tracking your account activity such as bets, transaction history, total wager, personalization tools. In BetFury 2.0 we have added security features related to email/pass such as change email, change pass, Two-factor authorization to provide the maximum confidence for users that playing on BetFury is secure. We did all the updates in the best manner of global leaders in crypto B2C products. BFG token and BFG(BTC) and BFG(TRX) subtokens https://preview.redd.it/167fkzckga551.png?width=692&format=png&auto=webp&s=8403b6542237f19fa9db501d516784731e0574d2 BFG is the unified token of BetFury platform with a max supply of 5 000 000 000.To expand potential market opportunities and improve the dividends payout we decided to fork BFG for BFG(BTC) and BFG(TRX) subtokens inside the site.Now depending on the cryptocurrency you use when placing bets, you will get BFG(BTC) and BFG(TRX) subtokens accordingly:Bet with Bitcoin - get BFG(BTC).Bet with TRON crypto (TRX, USDT, BTT) - get BFG(TRX).
Advantages of this solution
Coming of investors from the whole crypto world and the dividends pool growth
Heightened value of BFG token
Better earning opportunity for newcomers and old users
Increased interest to the project, which will simplify the BFG listing procedure
All tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX). Basic native BetFury game token (BFG) continues to be based on TRC-20 smart contract. It means that mining BFG(TRX)/BFG(BTC) subtokens are just a solution to start a new mining cycle on the BetFury platform.
Mining price on BetFury 2.0
BFG(TRX)In House games: start from 40 TRX/1BFGSlots games: 13.5 TRX/1BFGIncreasing: for every mined 100 000 000 BFG token the price increases for +1 TRX (for In-house games) and +0,5 TRX (for slots). BFG(BTC)In House games: start from 0.00007000 BTC/1 BFGIncreasing: for every mined 100 000 000 BFG token the price increases for +0.0000001 BTCExample: 0.00007100 BTC → 0.00007200 BTC → 0.00007300 BTC → 0.00007400 BTC → 0.00007500 BTC Slots:Start from 0.000023 BTC/1 BFGIncreasing: for every mined 100 000 000 BFG token the price increases for + 0.0000005 BTCExample: 0.000023 BTC → 0.0000235 BTC → 0.000024 BTC → 0.0000245 BTC
We have changed the house edge for Dice from 1.5% to 1.99%The reason is that it should quickly replenish the dividend pool. Also because we have a lot of different features, contests, big cashback, VIP Rank system. Increased house edge on Dice does not affect the increasing of the mining price. In fact, the cost of mining remains the same, due to equalization of the price of mining by the BF team.We are sure that this will have a better effect on the dividend pool and on the distribution of dividends to our users.
Off-chain bets solutions allow us to reduce minimum bets in every in-house game. Starting from BetFury 2.0 release in-house games will have the next min bets:0.00000100 BTC0.00000100 TRX0.00000100 USDT0.00000100 BTTSlots, Table and Live games will have their own bets allowed by the games providers. BetFury team is always trying to make better conditions related to integrated games to make it possible to play for everyone. BetFury constantly pushes partners to add more crypto gaming solutions. BetFury staking (Mining and Dividends) https://preview.redd.it/s8qizx2jha551.png?width=1012&format=png&auto=webp&s=0b256ec929f6b40d0ab406b018574ae905a1b86a The Dividends system is one of the main and most valuable features of BetFury. The system of multicurrency drops for all BFG token holders. From now users don't need to use Tron network to receive payouts for holding BFG. In order to invite new users for mining procedures and increase the value of BFG token, we provide a new 90%-10% staking payouts model with subtokens mining of BFG(TRX) and BFG(BTC).
Advantages of renewed BetFury staking system
Here on BetFury we maximized the opportunity of earning dividends for all newcomers and old users. And from now on we expand this opportunity for every crypto user outside the Tron market. BetFury also gives the opportunity to receive BTC dividends for users, who have been with us from the first day of the platform launch.BetFury Staking solution is ideal for both new users and for existing. New users who decided to join BetFury will join to Build new world class product. There is a unique opportunity to mine BFG(BTC) tokens with the best price and receive generous dividends.
Staking – a feature, that means that users claim a reward from the Dividend pool by only for holding their BFG tokens on their gaming accounts. The reward is defined according to the number of tokens kept.
By placing bets in Tron, Tether TRC-20, Bittorent (TRX, USDT, BTT) users get BFG(TRX) subtoken. Stake BFG(TRX) token to get dividends in the amount of:
90% from TRX, USDT, BTT pools
10% from BTC poolAll tokens that have been mined before BetFury 2.0 update by users are saved as BFG(TRX).
Some in-house games have the Jackpot option. Total Jackpots on BetFury are more than 6 000 000 TRX ~ 10 BTC ~ 100 000 USDT. From now on Jackpots pools will be in Bitcoin and when players get the Jackpot - payout will be also in Bitcoin.Check outJackpot detailson the site to know more!
https://preview.redd.it/h0o7z4vxha551.png?width=725&format=png&auto=webp&s=84b108c4a6b4a22f8d3ce4137cfcd2a16e172695 Cooperate with BetFury to receive a lifetime reward for inviting new people!Get up to 15% from platform's house edge for all referrals winnings.The reward is charged in the currency of the bet. 15% - from platform's house edge for each referrals winning bets in in-house games For example: bet 100 x2= 200pure profit = 200 - 100 = 100house edge = 1.99% = 0.0199(profit)(house edge)(referral bonus 15%)= your referral bonus100*(1.99%)*0.15= 0,2985 1.5% - from platform's house edge for each referrals winning bets in slots and table games For example: bet 1000 x3 = 3000house edge slots = 3,5%(win amount)(house edge)(ref bonus%)= your referral bonus30003.5%1.5%= 30000.0350.015 = 1.5 5% - from all mined BFG tokensIt means that if your referral has mined 100 BFG – you'll receive 5 BFG
Global redesign and rebranding bring new UI/UX for in-house games. We hope everyone will love new-looking Hi-Lo, Plinko, Circle, Keno, Mines, and Stairs games with some user experience improvements.
Slots, Table games, Live games
BetFury has more than 800 games from the best providers - Spinmatic, Spinomenal, Playson, Booongo, Endorphina, Vivogaming, BetgamesTV, Pragmatic, Habanero, Mr. Slotty, Fugaso, 1x2Network, GameArt. New game providers are coming and from now you will be able to play on any device with even higher performance!
Secret project is a unique tool that gives everyone the opportunity to earn even more Bitcoins and it's worth to be implemented separately!The launch is planned in a month after the BetFury 2.0 release.
I am stepping down as a moderator of r/btc and exiting the bitcoin community and entering the Ethereum community.
I am stepping down as a moderator of btc and exiting the bitcoin community. Thank you all for fighting until the end. I know I am going to get a lot of hate from pretty much everyone for this post, but I felt the need to post it anyway.
Why Give Up?
I think bitcoin is past the point of no return. There are a number of different routes that bitcoin could take this year, and as far as I can see, they all end up at the same destination; failure. I know I am going to get a lot of flack for this post, and I understand that. I have witnessed bitcoin being announced “dead” many many times throughout its history and I absolutely could be wrong, but almost every one of their predictions were based on a lack of understanding of bitcoin. I don’t feel my prediction is has a lack of understanding. If I am wrong, then I feel it will be through sheer luck that bitcoin survives. I was a bitcoin early adopter in 2011 and have invested far more time into bitcoin than is reasonable. I truly hope bitcoin does survive, but what I think will happen is not predicated on what I want to happen.
How might bitcoin fall?
I am not going to go through everything that has lead us up to this point. Many of your are well aware of what has brought us here. Bitcoin up until the beginning of 2014 was an unparalleled success. For those of you who weren’t around at the time, there was a huge amount of excitement in the community at all times. It felt like every month there was some announcement that had a positive impact on bitcoin. A new major company offering bitcoin payments, a bitcoin company offering a new service, a new piece of software being added to clients to make them more useful. Bitcoin was making continual progress and the community was unified. Compare the situation back then to day. We have now had 2 years of stagnation, and in many cases degradation of the network.
The network is now slow and expensive (and getting slower and more expensive), companies have been leaving bitcoin at an exponential rate. No new major companies have adopted bitcoin and there are no signs of this changing in the future. The community is irreparably divided and is at war with itself. Development has stalled. Where bitcoin has stalled, other cryptocurrencies have been making enormous ground. Bitcoin does not exist in a vacuum. It has competition. Other cryptocurrencies already offer significantly more advance features than bitcoin. The only thing bitcoin has left over other cryptocurrencies is it’s network effect. The inertia of network effect is truly enormous. Bitcoin has been coasting on it for 2 years now. Technology develops rapidly though, and many people are always looking for the next big thing. Investors want to make money and developers want to work on the most advance and growing technology. There has been very little investment into new bitcoin specific companies over the past 2 years. The only new bitcoin company I know of that has received significant investment in the past two years is Blockstream. There has been a very large amount of investment into blockchain companies in general though. The money is there, it’s just not going into bitcoin. Ethereum has now reached close to 1/3 of bitcoin’s market cap and there is no sign that it is going to let up any time soon. The ethereum community is a breath of fresh air compared to the current bitcoin community and it feels very nostalgic there. It feels very much like the bitcoin community did 3-4 years ago. They have showed that they are not afraid of using hard forks to upgrade the protocol. They have a leader who is intelligent, pragmatic and good at communicating and IMO who is likely to get the network through the early volatile years. The community showed that they value pragmatism and reality over ideology when they stopped a theft of a large percentage of the currency supply and did so without having any adverse affects on anyone other than the thief. They also achieved this while under attack from bitcoin. They have been working with major organisations and companies to promote and forward the use of the network and they listen to the users of the network to find out what problems they have and which features they want, and then work towards satisfying the needs of their users. The developers of the network have known large holdings of the currency, which means conflicts of interest are less likely to arise and protocol development can directly correlate increased returns for the developer’s investment.
There are a number of possibilities, but I believe all end with very similar outcomes.
Scenario 1 - BU/EC gains 75% of the network hash rate
If BU gains 75% of the network hash rate, a hard fork will become likely (although not certain). Core and their supporters will start to try and burn down the network. All communication channels will overflow with FUD (some real, some fake). Core supporters with large bitcoin holdings will start dumping them on the market in ways that will cause the most damage to price. Core will start recommending at the very minimum a difficulty readjustment and quite likely also a POW change. Price will fall extremely far as speculators adjust their risk exposure and wait out the storm, traders will short the market to make as much money as possible during the fall, and core supporters try to get the BTC price to go as low as possible on the BU/EC side of the fork and BU/EC supporters try to get the price to BCC price to go as low as possible. Whatever the price is before the fork is certain, I think it is likely to reach 50% of that between the time a fork becomes certain and when the fork actually happens. After the fork happens the price could go down to literally any level. While this is happening, the Ethereum market cap is going to overtake bitcoin even if the Ethereum price does not increase (which it will). Bitcoin will not survive this. The moment Ethereum overtakes bitcoin as the biggest cryptocurrency, everyone will find out. It will be posted in articles in every technology news website on the internet. Once the casual bitcoin holders/users find out (hint most do not even pay attention to what is going on in bitcoin) they will quickly panic and either sell to fiat, or sell into Ethereum to speculate. Mining will almost instantly become unprofitable at that point. Monumentally unprofitable in fact. The payout of 12.5 per block will not even slightly cover the cost of electricity and because miners have no direct control over the price of bitcoin they will be absolutely powerless to do anything other than mine at a loss for a very long period of time. If bitcoin price drops to $100, which IMO is very conservative, then it is likely that 90% of the miners will have to turn their hardware off. This means that the difficulty adjustment periods will increase by a factor of 10 to 20 weeks. These miners that are left will need to mine at a huge loss for up to 20 weeks, or hope that somehow the price recovers. I don’t think even the biggest miners could survive that. Further difficulty reset hard forks will be proposed and it will be chaos. While all of this is happening, Ethereum is likely to be running fine and price will likely be rising significantly as money from bitcoin pours into it.
Scenario 2 - BU/EC never gains 75% of the network hash rate
In this scenario there will be absolutely stalemate. Core will not be able to implement Segwit and therefore will not be able to change bitcoin into a settlement network, but also the transaction throughput will not be increased through larger blocks. The debate will have become so vitriolic that no further progress can be made within bitcoin. Bitcoin simply will not scale on OR off-chain. In this scenario the end is not so violent like in scenario 1 but then end result is the same. Ethereum (and other cryptocurrencies in general) will continue to gain market share throughout the year as Bitcoin remains stuck in stalemate. The bitcoin price continues decreasing and the Ethereum price keeps on increasing until Ethereum overtakes bitcoin. Once the flip happens, it will accelerate significantly as people realise what is happening. The end result is the same as the later part of scenario 1.
Scenario 3 - BU/EC lose most/all of the network hash rate
In this scenario Core manages to get Segwit accepted by the network. Most people in btc simply leave bitcoin for good. Fees will remain high and transaction throughput low. Core will not increase the block size limit until after LN has been proven to work and users have been forced/coerced into using it. LN is not anywhere near ready for production and it is likely to take at least 2 more years until it is released and working and another year or two until it is fully implemented into wallets, and then another year until businesses are able to understand and use it in their backend. I.e. in an ideal world where everything works as intended in this theoretical system it will take 4-5 years until bitcoin has similar properties to what it had 2 years ago. This obviously ignores the fact that there has been no analysis on whether this would even work on an economic level, let alone a technological level. As transaction fees rise users and business will be pushed into using other cryptocurrencies and fiat and at some point bitcoin’s network effect will be overcome by Ethereum’s. This scenario is essentially the same as scenario 3, but there maybe some initial price pump when Segwit activates and people enjoy and end to the debate. This will likely be short lived though.
What is most likely to happen (IMO)
If BU/EC is to continue to gain further market share of the hash rate and reach the 75% requirement that many parties have suggested. It is likely to take at least a couple more months of deliberations. For this to happen, a number of large pools will need to switch over. Bitfury has stated that they will not support BU and are mining Segwit and have even started mining UASF blocks. HaoBTC is still sticking to the HK agreement (which literally no one else is) and will not be running anything other than Core. This means it is really down to F2Pool and some of the smaller Pools. F2Pool has stated that it will stop signalling for classic and there is no indication that it will start signalling for anything other than Core (not segwit), and has stated that he thinks BU is dead. This suggests that the most likely scenario is scenario 2. BU/EC will not activate, but nor will Segwit. There are some things that may or may not happen in this scenario. For example it seems that Core are willing to do a UASF to push Segwit through under the pretence that any of the miners that are not mining Segwit are illegitimate as they are against the “consensus”. This will force the miners into making some kind of decision either way. Many are likely to side with Core but I think a significant portion will side with BU initially. A number of different things could happen in this scenario depending on the ratio of hash power on each side of the split. If the split is mostly equal, I expect that two coins will survive for some amount of time. What happens with bitcoin from that point I have no idea. If BU/EC gains the most hash power then the debate will rage on as the BU/EC will refuse to attack the minority chain out of moral reasons. What happens with bitcoin from that point I have no idea. If Core gains the majority share then the BU minority chain will be attacked by some of the majority miners. Core and their supporters do not have any moral objections against this kind of attack. The minority BU miners will then switch back to Core and it will likely play out like in scenario 3.
So this is BU’s fault for forcing a hard fork?
No, this is Core’s fault by making a hard fork dangerous by telling everyone a hard fork is dangerous for the past two years and blocking every conceivable compromise. They have petrified the bitcoin community and convinced them that any kind of hard fork for any reason that does not come from them is dangerous. They have done this to hold onto the power they should not even have in the first place. They have become the self appointed kings of bitcoin. They have achieved this by threatening to burn down the network instead of making a compromise, and by attacking anyone who threatens to take this power away from them. Unfortunately, when Gavin stepped down, he handed to keys to the bitcoin house to the wolves and once they are inside, it seems it is not possible to get them out again. The only way to make them totally irrelevant is to exit and let them be kings of nothing.
Why did you even become a mod in the first place?
I have known bitcoin was on a negative trajectory for quite some time but I felt that one last push to save it was worth my effort. I wanted to help btc be the best bitcoin subreddit to overcome some of the damage that bitcoin has done to the community. IMO btcis the best bitcoin subreddit, but it is far from perfect. I feel very strongly that the moderation of btc is a microcosm of the situation in the bitcoin community in general. I feel there is far too much weight put on idealogical decision making rather pragmatism and realism. The moderation policies of btc are ‘hands-off’ to a point I think is actually detrimental to the sub and to bitcoin. The issue is that, trolls overwhelm the sub and cause constant controversy. They act like a fire under the community and purposely rile everyone up. There is a reason for this. bitcoin was controlled mostly through censorship. Censorship alone was enough to create an echo chamber. They do not have control of the btc moderation team (well actually they managed to get two mods on here who have since left/been removed) so they must turn it into an echo-chamber by other means. They have achieved this by making sure every single post has comments from trolls that try to rile up the community. This makes the btc community have more tunnel vision as they/we try to insulate ourselves from the trolls. The problem is that it means that the community becomes highly idealogical and focused on only one goal. IMO it is a failure of this sub to not remove comments from trolls. This is pretty much a standard policy across the whole of reddit and the only reasons for not employing it are idealogical. Removing trolling is not the same as banning specific ideas or topics being genuinely discussed. Not doing so just makes btc a frustrating place to try and discuss things. It also means that any actual discussions outside the block size debate get very little traction as everyone gets dragged into the angry posts. I should be clear though, the other mods of this sub are great and absolutely want what is best for bitcoin.
Isn’t this all just FUD
I am not writing this to sway anyone. This is what I genuinely think will happen, but of course I could be wrong about every single prediction. It saddens me enormously to write this. The current trajectory for Bitcoin is down and the the trajectory for Ethereum and other cryptocurrencies is up. There will likely be people who say “but Ethereum doesn’t have any uses cases”, my argument to that is; what use-cases does bitcoin have right now that could not immediately be adopted by Ethereum today? There will also be people who say “but if bitcoin dies then all other cryptocurrencies will die with it, because how could anyone trust their money if it might just disappear”? My argument to that is; all cryptocurrencies are still in their infancy, even bitcoin. The writing has been on the wall for Bitcoin for quite some time. I do think there will likely be one ‘great’ cryptocurrency, but until that cryptocurrency is adopted by the masses, that title is still available. If the title of ‘biggest cryptocurrency’ can be taken then it was likely never meant to have it very long anyway. If/When a cryptocurrency manages to achieve mass adoption then it will have hundreds of millions of people, companies, organisations and even countries defending it. At that point the entire system will be working towards it’s success. At that point, the current moral ambivalence towards attacking a minority chain will be seen as ridiculous. After mass adoption of a cryptocurrency (for example Ethereum) has occurred, grandma’s will be writing to their local MP in support of the cyberwar against the Ethereum competitor ‘Othereum’. That is decentralisation. Huge numbers of diverse entities working to defend it. This will never happen on a network as limited as bitcoin’s is. In fact bitcoin is actively losing allies.
I’m out. Ethereum is likely to take over this year as bitcoin becomes myspace. This may happen very rapidly. I hope I am wrong.
I hold both Bitcoin and Ethereum. I have held a number of different cryptocurrencies over the years, but my holdings were almost always 90-100% bitcoin until recently.
Bitcoin Mining Profitability: How Long Does it Take to Mine One Bitcoin in 2019?
When it comes to Bitcoin (BTC) mining, the major questions on people’s minds are “how profitable is Bitcoin mining” and “how long would it take to mine one Bitcoin?” To answer these questions, we need to take an in-depth look at the current state of the Bitcoin mining industry — and how it has changed — over the last several years. Bitcoin mining is, essentially, the process of participating in Bitcoin’s underlying security mechanism — known as proof-of-work — to help secure the Bitcoin blockchain. In return, participants receive compensation in bitcoins (BTC). When you participate in Bitcoin mining, you are essentially searching for blocks by crunching complex cryptographic challenges using your mining hardware. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at 12.5 BTC — as well as the transactions fees for the transactions included within the block. Once the maximum supply of 21 million Bitcoins has been mined, no further Bitcoins will ever come into existence. This property makes Bitcoin deflationary, something which many argue will inevitably increase the value of each Bitcoin unit as it becomes more scarce due to increased global adoption. The limited supply of Bitcoin is also one of the reasons why Bitcoin mining has become so popular. In previous years, Bitcoin mining proved to be a lucrative investment option — netting miners with several fold returns on their investment with relatively little effort. bitcoin mining hardware Mining Hardware The mining hardware you choose will mostly depend on your circumstances — in terms of budget, location and electricity costs. Since the amount of hashing power you can dedicate to the mining process is directly correlated with how much Bitcoin you will mine per day, it is wise to ensure your hardware is still competitive in 2019. Bitcoin uses SHA256 as its mining algorithm. Because of this, only hardware compatible with this algorithm can be used to mine Bitcoin. Although it is technically possible to mine Bitcoin on your current computer hardware — using your CPU or GPU — this will almost certainly not generate a positive return on your investment and you may end up damaging your device. The most cost-effective way to mine Bitcoin in 2019 is using application-specific integrated circuit (ASIC) mining hardware. These are specially-designed machines that offer much higher performance per watt than typical computers and have been an absolutely essential purchase for anybody looking to get into Bitcoin mining since the first Avalon ASICs were shipped in 2013. When it comes to selecting Bitcoin mining hardware, there are several main parameters to consider — though the importance of each of these may vary based on personal circumstances and budget. Performance per Watt When it comes to Bitcoin mining, performance per watt is a measure of how many gigahashes per watt a machine is capable of and is, hence, a simple measure of its efficiency. Since electricity costs are likely to be one of the largest expenses when mining Bitcoin, it is usually a good idea to ensure that you are getting good performance per watt out of your hardware. Ideally, your mining hardware would be highly efficient, allowing it to mine Bitcoin with lower energy requirements — though this will need to be balanced with acquisition costs, as often the most efficient hardware is also the most expensive. This means it may take longer to see a return on investment. In countries with cheap electricity, performance per watt is often less of a concern than acquisition costs and price-performance ratio. In most countries, operating outdated mining hardware is typically cost prohibitive, as energy costs outweigh the income generated by the mining equipment. However, this may not be the case for those operating in countries with extremely cheap electricity — such as Kuwait and Venezuela — as even older equipment can still be profitable. Similarly, miners with a free energy surplus, such as from wind or solar electric generators, can benefit from the minimal gains offered by still running outdated hardware. Longevity The lifetime of mining hardware also plays a critical role in determining how profitable your mining venture will be. It’s always a good idea to do whatever possible to ensure it runs as smoothly as possible. Since mining equipment tends to run at a full (or almost full) load for extended periods, they also tend to break down and fail more frequently than most electronics — which can seriously damage your profitability. Equipment failure is even more common when purchasing second-hand equipment. Since warranty claims are often challenging, it can often take a long time to receive a warranty replacement. Price-Performance Ratio In many cases, one of the major criteria used to select mining hardware is the price-performance ratio — a measure of how much performance a machine outputs per unit price. In the case of cryptocurrency mining hardware, this is commonly expressed as gigahashes per dollar or GH/$. Under ideal circumstances, the mining hardware would have a high price-performance ratio, ensuring you get a lot of bang for your buck. However, this must also be considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or the most energy efficient. Acquisition Costs Acquisition costs are almost always the biggest barrier to entry for most Bitcoin miners since most top-end mining hardware costs several thousand dollars. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio. Acquisition costs include all the costs involved in purchasing any mining equipment, including hardware costs, shipping costs, import duties, and any further costs. For example, many ASIC miners do not include a power supply — which can be another considerable expense, since the 1,000W+ power supplies usually required tend to cost several hundred dollars alone. Ensuring your equipment runs smoothly can also add in additional costs, such as cooling and maintenance expenses. In addition, some miners may want to invest in uninterruptible power supplies to ensure their hardware keeps running — even if the power fails temporarily. asic mining Current Generation Hardware One of the most recent additions to the Bitcoin mining hardware market is the Ebang Ebit E11++, which was released in October 2018. Using a 10nm fabrication process for its processors, the Ebit E11++ is able to achieve one of the highest hash rates on the market at 44TH/s. In terms of efficiency, the Ebang Ebit E11++ is arguably the best on the market, offering 44TH/s of hash rate while drawing just 1,980W of power, offering 22.2GH/W performance. However, as of writing, the Ebang Ebit E11++ is out of stock until March 31, 2019 — while its price of $2,024 (excluding shipping) may make it prohibitively expensive for those first getting involved with Bitcoin mining. Another popular choice is the ASICminer 8 Nano, a machine released in October 2018 that offers 44TH/s for $3,900 excluding shipping. The ASICminer 8 Nano draws 2,100W of power, giving it an efficiency of almost 21GH/W — slightly lower than the Ebit E11++ while costing almost double the price. However, unlike the E11++, the 8 Nano is actually in stock and available to purchase. ASICminer also offers the 8 Nano Pro, a machine launched in mid-2018 that offers 80 TH/s of hash rate for $9,500 (excluding shipping). However, unlike the Ebit E11++ and 8 Nano, the minimum order quantity for the 8 Nano Pro is curiously set at five, meaning you will need to lay out a minimum of $47,500 in order to actually get your hands on one (or five). While the 8 Nano Pro doesn’t offer the same performance per watt as the Ebit E11+ or AICMiner 8 Nano, it is one of the quieter miners on this list, making it more suitable for a home or office environment. That being said, the ASICminer 8 Nano Pro is easily the most expensive miner per TH on this list — costing a whopping $118.75/TH, compared to the $46/TH offered by the E11++ and $88.64 offered by the 8 Nano. The latest hardware on this list is the Innosilicon T3 43T, which is currently available for pre-order at $2,279, and estimated to ship in March 2019. Offering 43TH/s of performance at 2,100W, the T3 43T comes in at an efficiency of 20.4GH/W, which is around 10 percent less energy efficient than the Ebit E11++. The T3 43T also has a minimum order quantity of three units, making the minimum acquisition cost $6837 + shipping for preorders. All in all, the T3 43T is more costly and less efficient than the E11++ but may arrive slightly earlier since Ebang will not ship the E11++ units until at least end March 29, 2019. Finally, this list would not be complete without including Bitmain’s latest offering, the Antminer S15-28TH/s, which — as its name suggests — offers 28TH/s of hash power while drawing just under 1600W at the wall. The Antminer S15 is one of the only SHA256 miners to use 7nm processors, making it somewhat smaller than some of the other devices on this list. Like most pieces of top-end Bitcoin mining hardware, the Antminer S15 27TH/s model is currently sold out, with current orders not shipping until mid-February 2019. However, the S15 is offered at a significantly lower price than many of its competitors at just $1020 (excluding shipping), with no minimum quantity restriction. At these rates, the Antminer comes in at just $37.78/TH — though its energy efficiency is a much less impressive 17.5GH/W. Mining Hardware Mining Hardware Comparison Performance (GH/W) Price Performance Ratio ($/TH) Ebang Ebit E11++ 22.2GH/W $46/TH ASICminer 8 Nano 21GH/W $88.64/TH ASICminer 8 Nano Pro 19GH/W $118.75/TH Innosilicon T3 43T 20.4GH/W $53/TH Antminer S15-28TH/s 17.5GH/W $37.78/TH How To Select a Good Mining Pool Mining pools are platforms that allow miners to pool their resources together to achieve a higher collective hash rate — which, in turn, allows the collective to mine more blocks than they would be able to achieve alone. Typically, these mining pools will distribute block rewards to contributing miners based on the proportion of the hash rate they supply. If a pool contributing a total of 20 TH/s of hash rate successfully mines the next block, a user responsible for 10 percent of this hash rate will receive 10 percent of the 12.5 BTC reward. Pools essentially allow smaller miners to compete with large private mining organizations by ensuring that the collective hash rate is high enough to successfully mine blocks on regular basis. Without operating through a mining pool, many miners would be unlikely to discover any blocks at all — due to only contributing a tiny fraction of the overall Bitcoin hash rate. While it is quite possible to be successful mining without a pool, this typically requires an extremely large mining operation and is usually not recommended — unless you have enough hash rate to mine blocks on a regular basis. Although it is technically possible to discover blocks mining solo and keep the entire 12.5 BTC reward for yourself, the odds of this actually occurring are practically zero — making pool collaboration practically the only way to compete in 2019 and beyond. Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. Because of this, we have broken down the qualities you should be looking for in a new pool into four categories; reputation, hash rate, pool fees, and usability/features: Reputation The reputation of a pool is one of the most important factors in selecting the pool that is best for you. Well-reputed pools will tend to be much larger than newer or less well-established pools since few pools with a poor reputation can stand the test of time. Well-reputed pools also tend to be more transparent about their operation, many of which provide tools to ensure that each user is getting the correct reward based on the hash rate contributed. By using only pools with a great reputation, you also ensure your hash rate is not being used for nefarious purposes — such as powering a 51 percent attack. When comparing a list of pools that appear suitable for you, it is a wise move to read their user reviews before making your choice — ensuring you don’t end up mining at a pool that steals your hard-fought earnings. Hash Rate When it comes to mining Bitcoin, the probability of discovering the next block is directly related to the amount of hashing power you contribute to the network. Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool Since the total hash rate of a pool is directly related to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. However, the very largest pools also tend the have higher fees but often make up for this with sheer success and additional features. Sometimes, some of the largest pools have a minimum hash rate requirement ù leaving some of the smaller miners left out of the loop. Although smaller pools typically have more relaxed requirements with reduced performance thresholds, these pools may be only slightly more profitable than mining solo. Pool Fees When choosing a suitable pool, typically one of the major considerations is its fees. Typically, most pools will charge a small fee that is deducted from your earnings and is usually around 1-2 percent — but sometimes slightly lower or higher. There are also pools that offer 0 percent fees. However, these are often much smaller than the major pools and tend to make their money in a different way — such as through monthly subscriptions or donations. Ideally, you will choose the pool that offers the best balance of fees to other features. Usually, the pool with the absolute lowest fees is not the best choice. Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for most. Usability and Features When first starting out with Bitcoin mining, learning how to set up a pool and navigating through the settings can be a challenge. Because of this, several pools target their services to newer users by offering a simple to navigate user interface and providing detailed learning resources and prompt customer support. However, for more experienced miners, simple pools don’t tend to offer a variety of features needed to maximize profitability. For example, although many mining pools focus their entire hash rate towards mining a single cryptocurrency, some are large enough to offer additional options — allowing users to mine other SHA256 coins such as Bitcoin Cash (BCH) or Fantom if they choose. These pools are technically more challenging to use and mostly designed for those familiar with mining, happy to hop from coin to coin mining whichever is most profitable at the time. There are even some exchanges that automatically direct their combined hash rate at the most profitable cryptocurrency — taking the guesswork out of the equation. bitcoin mining pool Best Mining Pools for 2019 The Bitcoin mining pool industry has a large number of players, but the vast majority of the Bitcoin hash rate is concentrated within just a few pools. Currently, there are dozens of suitable pools to choose from — but we have selected just a few of the best to help get you started on your journey. Slushpool was the first Bitcoin mining pool released, being launched way back in 2010 under the name “Bitcoin Pooled Mining Server.” Since then, Slushpool has grown into one of the most popular pools around — currently accounting for just under 10 percent of the total Bitcoin hash rate. Although Slushpool isn’t one of the very largest pools, it does offer a newbie-friendly interface alongside more advanced features for those that need them. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U.S., Europe, China, and Japan — giving it a good balance of fees to features. BTC.com is another potential candidate for your pool and currently stands as the largest public Bitcoin mining pool. It is responsible for mining around 17 percent of new blocks. Being the largest public mining pool provides users with a sense of security, ensuring blocks are mined regularly and a stable income is made. Image courtesy of Blockchain.info. BTC.com is owned by Bitmain, a company that manufacturers mining hardware, and charges a 1.5 percent fees — placing it squarely in the middle-tier in terms of fees. Unlike other platforms, BTC.com uses its own payment structure known as FPPS (Full Pay Per Share), which means miners also receive a share of the transaction fees included within mined blocks — making it slightly more profitable than standard payment per share (PPS) pools. Another great option is Antpool, a mining pool that supports mining services for 10 different cryptocurrencies, including Bitcoin, Litecoin (LTC) and Ethereum (ETH). AntPool frequently trades places with BTC.com as the largest Bitcoin mining pool. However, as of this writing, it occupies the title of the third-largest public mining pool. What sets Antpool apart from other pools is the ability to choose your own fee system — including PPS, PPS+, and PPLNS. If you choose PPLNS, using Antpool is free but you will not receive any transaction fees from any blocks mined. Antpool also offers regular payouts and has a low minimum payout of just 0.001 BTC, making it suitable for smaller miners. Last on the list of the best Bitcoin mining pools in 2019 is the Bitcoin.com mining pool. Although this is one of the smaller pools available, the Bitcoin.com pool has some redeeming features that make it worth a look. It offers mining contracts, allowing you to test out Bitcoin mining before investing in mining equipment of your own. According to Bitcoin.com, they are the highest paying Pay Per Share (PPS) pool in the world, offering up to 98 percent block rewards as well as automatic switching between BTC and BCH mining to optimize profitability. Electricity Costs While your mining hardware is most important when it comes to how much BTC you can earn when mining, your electricity costs are usually the largest additional expense. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining. Most commonly, large mining operations will be set up in countries where electricity costs are the lowest — such as Iceland, India, and Ukraine. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. However, since the government began cracking down on cryptocurrencies, it has largely fallen out of favor with miners. Technically, Venezuela is one of the cheapest countries in the world in terms of electricity, with the government heavily subsidizing these energy costs — while Bitcoin offers an escape from the hyperinflation suffered by the Venezuelan bolivar. Despite this, importing mining hardware into the country is a costly endeavor, making it impractical for many people. Finding ways to lower your electricity costs is one of the best ways to improve your mining profitability. This can include investing in renewable energy sources such as solar, geothermal, or wind — which can yield increased profitability over the long term. if you are looking to buy bitcoin mining equipment here is some links: Model Antminer S17 Pro (56Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 56Th/s for a power consumption of 2385W. https://miningwholesale.eu/product/bitmain-antminer-s17-pro-56th-copy/?wpam_id=17 Model Antminer S9K from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1323W. https://miningwholesale.eu/product/bitmain-antminer-s9k-14-th-s/?wpam_id=17 Model T2T 30Tfrom Innosilicon mining SHA-256 algorithm with a maximum hashrate of 30Th/s for a power consumption of 2200W. https://miningwholesale.eu/product/innosilicon-t2t-30t/?wpam_id=17 mining wholesale website: https://miningwholesale.eu/?wpam_id=17
Beermoney Essentials: 6 Ways To Earn Passively With Cryptocurrencies In 2018
Hey guys! This is my second "Beermoney Essentials" post. Here's the first one about Chrome Extensions if you missed it a year ago. These types of posts basically are just about things have seem to become 'essential' information in terms of Beermoney. This post is going to be about Cryptocurrency. Cryptocurrency has been becoming more and more popular around the beermoney community, and I think it's safe to say that 2018 will be the year of cryptos. Here's what this post is NOT. This post will not be the 'here's what cryptos I think you should buy and hodl in 2018'. This post IS going to be about cryptos you can get into and do whatever you want to without having to directly invest in them. So yeah, this post is mostly going to be about mining.
6 Ways To Earn Passively With Cryptocurrencies
Alright, so in this post, I'm going to split things up into 4 parts:
Part 1: GPU mining
Does anyone here remember Nice Hash? (I mean, it technically still is a thing actually). Nice Hash is/was a nice site that would allow you to use your PC to mine. I believe they actually mined ETH (I think), but they were nice because they paid out in BTC (which most people prefer). It was really the easy way for just about anyone to get into mining (assuming you have a decent GPU). Just a month or so ago they claim to have been "hacked" and they lost (at the time) ~$60 million in users' bitcoin. For whatever reason a lot of people wanted them to resume operating after the bits were lost, so they are back up. I won't recommend Nicehash at all. I don't think they were really hacked, and I do think it was an inside job. If you want to use Nicehash, you can. I just really don't recommend it, and there are plenty of alternatives. Here are just a few that I found.
WinMiner is a really neat alternative to NiceHash. From what it seems, the payouts on Winminer are a bit lower, but there are a couple advantages to using this site that might outweigh the lower payouts. First of all, Winminer is really easy to use, you can just download it and set it up, and it's all set. The thing about Winminer that is really nice is that you can get paid out in many different ways. If you want, you can cash out to Bitcoin, but they have a $100 minimum, and the fees are really high, so there's a good chance you won't want Bitcoin. Alternatively, you can withdraw your balance to PayPal, ETH, LTC, Amazon, or iTunes. One thing I don't necessarily like about Winminer is that it does keep your balance in USD at all times, so if you earn for a month and go to withdraw if bitcoin's price goes up 50% in that month, you won't get that bonus reflected on your total cashed out because it was in USD. It's probably not an issue for most people.
I have been using Kryptex since just after the announcement of NiceHash being hacked. It has a nice UI and it is very customizable with its settings. This is probably the closest site to the original NiceHash. You can request a payout in Bitcoin any time after you have 0.0006 BTC. One thing about Kryptex is that it does have a referral system. You can earn 10% of your referral's earnings. I shamelessly put my referral link above. Feel free to give it a click if you want. I don't really prefer this site over WinMiner because it doesn't offer quite as many methods of payments, but here it is anyways.
Part 2: CPU Mining
CPU Mining for Bitcoin has been dead for a long time, but there are still some ways to use your CPU to earn some crypto passively.
LoadTeam used to be a site that would pay you to test loading websites in the background passively. It was never a lot of money (and it still isn't), but they made the change a few months ago to switch over to Crypto Mining. I actually didn't even notice the switch, but I checked my account after a couple months and I had a few dollars sitting there. LoadTeam offers instant paypal transfers with no fee for all balances over $1. It's pretty nice. I didn't even notice a difference in CPU usage over the last few months. I think of it as an easy couple dollars a month, and it runs entirely in the background.
CoinHive Monero Mining
You might have seen this around a bit. CoinHive is a service that allows sites to mine monero in the background(ish). Some sites have been using Coinhive as an alternate to advertising/adblockers. There are a few sites that have been adding coinhive to their site. You can run this passively in the background. I don't know all of the sites that have CoinHive, but two big ones I know of are FreeBitco.in and CoinPot. FYI, I think Freebitco.in links are blocked on reddit, but if anyone wants my referral link, send me a PM. I give 100% of my referral earnings back to my referrals.
Part 3: PoC Mining
PoC Mining you might not have heard of, but it's fucking cool. PoC = Proof of Capacity. While CPU mining uses a computer's CPU, and GPU mining uses graphics cards, PoC mining uses free storage to mine. The appeal of PoC mining is that it seems like everybody has free storage. Check around your house, maybe you'll find a nice external hard drive with some space on it. You can use this to mine from. Now I know I said above that this wasn't going to be a post of me telling you what cryptos I recommend for you to invest in, but here's my quick pitch for Burstcoin. Burstcoin is the worlds first (and only) PoC coin. It is the "green" crypto. Mining Burstcoin takes up 400x less power than a crypto like Bitcoin. It's really pretty fucking cool, and I absolutely support the coin. Feel free to read more about Burstcoin on /burstcoin, and check out the recent announcement of Dymaxion. But you're here to learn how to earn from PoC Mining passively. Unlike CPU and GPU mining, it is a lot more hard to get into because there are a lot more steps involved to setting it up. You'll actually need to know how to 'plot' your storage and set up a mining pool. I'm not going to write out the entire process because there are plenty of other resources to help you out. One thing I really recommend is QBundle 1.6, which is probably the closest thing that will walk you through the process of setting up a wallet for burst and start plotting and then mining with your storage. One thing I'll also point out is that in order to mine burst with a pool you will need at least one burst in order to set the reward recipient. There are faucets you can get a free burst from, but if you can't get the faucets to work, feel free to send me a PM and I'll send over everyone who wants to get into burst a coin to set the recipient. Here's a video explaining burstcoin a bit more: https://www.youtube.com/watch?v=Fyj9RIyxLb4 If there are requests, I will happily make a video explaining how to get started mining with Burstcoin.
Part 4: Saving/Investing
Okay, I said this post wasn't about investing in cryptos, and that's not what this section is about, at all. This part of the post is about using the cryptos you already have to earn more crypto. There are quite a few options in this space, but I do advise you to take all caution when investing your cryptos into anything. Realize that ANYTHING can become a scam when you're not holding your own private keys.
I've mentioned this a few times in the past, but Freebitco.in allows you to use their site has a savings account/wallet and they pay 4.08% annual compounded interest per year on all your balances held (they pay interest daily). I've been hodling bitcoin on there on and off for quite a long while now and it's really nice. Another advantage I could point out is that their site does work as a wallet as well, and while bitcoin's fees are going crazy, you have the option of setting up an automatic weekly cash out (when you're ready to cash out your balance on their site) and the fee is just 3000 satoshi, or you can sign up for a 1-6 hour payment with a heavily reduced fee, or instant with a full average fee. It's really nice having those options. Freebitco.in does offer a 25% referral bonus for all interest paid out on their site, and I wrote above:
FYI, I think Freebitco.in links are blocked on reddit, but if anyone wants my referral link, send me a PM. I give 100% of my referral earnings back to my referrals.
I have been paying 100% back for over a year now, and I don't plan on changing that. Please remember: if you do deposit anything onto freebitco.in that is a risk you're taking.
There are a lot of different ways you can use Cryptocurrencies to your benefit. Even if you don't have a good CPU, GPU, or have much free storage, there are still options for you, and maybe you could even consider taking some of your profits from beermoney in 2018 and putting it into upgrading your own set up, or taking some profits and investing into the cryptos you support. Previous Beermoney Essentials Posts:
So I finally gave Honeyminer a try. (my personal semi-review)
This review was last updated 11-30-18 When I first was interested in trying this program I couldn't find anything about it. it seems a lot of people were too scared to try it since their is like no information about it other then from the web page itself. to be honest I was a bit scared to try it. I've tried many other software of this kind, on a "test" machine I'm not afraid to lose on a secondary network and router... incase its a scam or gonna give me a virus and I suggest anyone installing mining software do the same as a rule of thumb. please keep in mind the software is still relatively new and they are working to improve it still. They seem to be hiring as well if your interested in helping them grow by working for them look near the bottom for their contact e-mail. ____________________________________________________________________________________________________ This review is for the windows version of Honyminer Because its still relatively new I knew could go one of two ways "sacm software" like most every mobile mining app or even quite a few desktop ones - Or legit. I'm glad to say after using it for a month it seems legit. I was able to withdraw from it no problem. If your system is really crappy It might not work that well on your computer or mining rig. There are no ads and the program doesn't seem to disrupt any day to day activity at least not on my main system, however you can of course expect increased heat production of your system as with any mining software, adequate cooling is important in mining. Anyways Honyminer is as close to an easy one click mining software as I have come. they seem to be making a "pro" version too for more hardcore miners. They do take a fee which is to be expected *look near the bottom for fee information\* but that fee goes down significantly if you have multiple GPU's mining.. The good thing about it for me was it let me kind of set my rig to "autopilot" so to speak. If you wish to see the H/s numbers in real time, go to you settings and view the "expert logs" which will also tell what coin is being mined at the time ____________________________________________________________________________________________________________ Pros
Withdrawals (I know I shouldn't have to say this but some mining software is a scam and wont withdrawal anything. This was tested with coinbase only so far and it went through with no issue.
(new) If you go to your dashboard > Activity on their site you can see a list of all GPUs/CPUS and computers that are minding with information about their temperature, the coin they are currently mining, number of cores, and the potential 24 hour revenue for each. This is just like the "see full activity" feature in the software itself but you can check it from anywhere
(new) You can set the app to only mine via GPU or CPU if you so choose in settings.
(new) a miner console has been added which should make some of the more experienced miners a little happier.
when you click "see full history" it takes you to their webpage where you can see all the transactions (where your Satoshis came from) and are labeled according to how they were acquired (Mining Credit, Mining Bonus, Referral Mining Credit, Referral Mining Credit Tier 2, and Bonus (meaning other kinds of bonuses like from leveling up) They are all time stamped and have an ID number
Easy to use/easy to instal I literally had no trouble setting it up or installing it. it was quick and easy
GPU and CPU mining
Mines many different types of cryptocurrencies depending on what's more profitable at the time (autopilot)
withdrawal as BTC or (it says in the withdrawl section "coming soon ETH, LTC, " but I dont think its a priority yet and Im not sure if they scrapped the idea of USD withdrawals all together or not but I don't see it there)
Idling option: for example soon as you use your mouse or type it will stop mining.
appears in the "task manager" which Is another one I should not have to say but you'd be surprised how many fake mining software will not show up there or will be listed with a inconspicuous logo or disguised as a system process.
Works in system tray if you'd like to multitask and your system is up for it.
can be set to mine soon as you boot-up
Frequent mining "bonuses" you will probably see a lot of them on your transaction history.
A "level-up" system which I've not seen before that pays you extra Satoshis for reaching the next "level" think like exp on video games, you get rewarded for leveling up and the higher your level the higher the bonus generally. the "next bonus" will update the closer you get to leveling up.
You can use multiple computers/rigs on the same account and see them all from any system with the appinstalled.
2 factor authentication which IMO is a must for anything like this, set that up on their webpage asap.
earnings log which you can acass from the website manually or clicking "see full history" on the app
can see your earnings as USD or as BTC.
shows you a quick earning comparison between today, and the previous two days. (if you don't see it update the software)
"pro" version currently in the works which I look forward to trying.
1st and 2nt tier referral rewards.
referral profits DON'T come out of the person you referred profits they come out of Stax Digital's profits so there is no guilt for referring people to this product. I've seen or heard of referral programs that actually punish the referred folks by taking a commission of what the person would have made in addition to taking their normal fee... in this case it comes out of the fee that Honyminer already takes from all users and not anything extra as far as I know.
referee's also get rewarded like if you were to sign up from my links you would get 1000 free Satoshis just for installing the app. (if you prefer to sign up directly that's fine too but there is no signing bonus if you go that route (unless you use someone else's referral link) as far as I'm aware. Whatever works for you really.
team is open to suggestions/feedback, friendly, and respectful.
code is audited (at least at least that's what they say)
you can add multiple wallets on their webpage. and delete them at will.. another one I should not have to say but still even today some places will not give you that basic functionality.
able to see what type of coin each CUP/GPU is mining at the time. (check out the options and "see full activity"
Proandor con (depending on how you look at it)
uninstalling gets rid of most of the components that enable it to be used, but seems to save some of the logs and some other files (but I was able are to search for and remove em in file explorer. many programs of any kind do that always so it's not that big of a con to me but I can see how it may bother some.
you are not asked to create a password, they create one for you but you can change it once you have logged in if you wish from their website. This can be looked at as a good thing to some or a bad thing to others for various reasons. If this is no longer the case please let me know.
when clicking on the app to see your full history of transactions it will take you to their webpage and make you log in again sometimes. this is a good or bad things depending on how you look at it I suppose. I personally prefer having to log in again.
no graphs, +/- earnings overtime comparisons. but it does have some logs to see what your mining in the expert logs section but not as much information as I would like. (miners console was added that also has more detailed info) but im hopeful for the future. Every mining software that was any good started somewhere.
installer was still packed with the first version when I downloaded it onto another setup so yea you need to update it right off the bat. It doesn't take very long, but I like it when software packs installers with the latest version (I don't know if this has changed but if you downloaded it and its already the latest version let me know)
may have trouble initiate some GPU's although I cant possibly test for every kind I have put the ones that didn't work for me below and will update it also if anyone else tells me it doesn't work with a certain setup.
_________________________________________________________________________________________________ COMPATIBILITY: (sorry it keeps adding asterisks to the card model for no reason) WORKED ON: every nvidia card tested so far with card models dating back from 20014 to now.. Worked on some surprising low end and or old CPU and GPUs. like the AMD Radeon R9 380 card in addition to a AMD Athlon II X3 450 Processor and it mines just fine.. of course that processor doesn't make much on its own lol.. but thats an extra 2 or 3 cents per day by itself. I've also tested it with an i3,i2Most AMD cards worked but I ran into issues with a few so maybe it's easier for me to just tell you what did not work. DID NOT WORK ON: --- any of the AMD ATI Radeon HD 4250's tested so far (2) that particular card It didn't work at all for mining like never enabled the gpu but the cpu on that machine did work however it would generate an "error" on start up but otherwise did not disrupt the mining on that system except if I turned on idle earning mode, I would get a bunch of errors as it was trying to access the GPU. we need the functionality to enable or disable hardware individually I think. (errors or no errors it just seems like a good thing to have.) OR a system that had both a AMD Radeon R7 Graphics and a AMD A8-7650K Radeon R7, (4C+6G) which surprised me considering some of the things that did work lol... but I think it might just might be that one system, but either way can't vouch that it will work. That system was pre-built and wont allow the parts to be changed or easily removed to be worth the effort since I have to use it for other things so unfortunately I can't test these on another mainboard at least not with wasting some time, money and patients that Id rather dedicate elsewhere for now. I had some issues using one RX Vega 56 card but i think it's was just that card because another one did work just fine.________________________________________________________________________ FEESW/comparison to nicehash I'm not sure if this post will be helpful to anyone looking into this software or anyone whos looking to try a different mining software but if it dose great. -- nicehash charges the following fees as far as "selling/mining" or withdrawing. Payouts for balances less than 0.1 to external wallet 5% Payouts for balances greater than or equal to 0.1 BTC to external wallet 3% Payouts for balances greater than or equal to 0.001 BTC to NiceHash wallet 2% Withdrawal fees from NiceHash wallet Withdrawals from NiceHash wallet are subjected to the withdrawal fee, which depends on the withdrawn amount and withdrawal option. WITHDRAWAL OPTION AMOUNT TO WITHDRAW FEE Any BTC wallet From 0.002 (min) to 0.05 BTC 0.0001 BTC Any BTC wallet More than 0.05 BTC 0.2% of withdrawn amount Coinbase More than 0.001 BTC FREE - No fee. but they also say Minimum Coinbase withdrawal limit is adjusted dynamically according to the API overload._____________________________________________________________________________ honyminer fees are based on number of GPU's working. 8% for 1 GPU or for 2 GPUs or more the fee is 2.5%. The only withdrawal fee is the standard BTC transaction fee that bitcoin charges and it doesn't go to honyminer. When they add the other withdrawal functions that fee cam be avoided I suppose. _________________________ Earnings: in comparison to nicehash Update: sometimes software / test networks will give a view that can be off + or - a few percent compared to actual. A lot of different things can affect your earnings including where you are located in the world, I'm not sure how many of you uses more than one mining software day to day , ISP issues, crypto price fluctuation, updates to fee's, and inaccuracies in test software/networks can affect results. but I go back and forth between different ones from time to time and I think that's good practice to keep options open. I notice that honey miner seems to do better for me at night-time and early morning/afternoon is when it has the most trouble raking in the crypto's That said I've been trying to test to see how this compares to nice hash earnings, with two of my buddies. So this is an average between the 3 of our profits vs loss compared to nice hash, I'm using a two 10 GPU/ 3 cpu setups, while one of my buddies is using two 1 gpu, 2 cpu setups and the other is using two 30 gpu mini farm's. We each have 2 networks each located relatively close by *less than .5 mile the furthest one* one with honyminer running and the other with nice hash and we are looking over 24 hour periods When all three of us have the results for one day, we average our results together. In all we will be looking over a 14 day period. UPDATE: the results below were done well long before the latest update to the software so I do not know if they have changed, Id have to do another round or perhaps some from the community could give me their results and save me a bit of work. I'm not sure when Id have the time to dig into it again. Sorry that it took me so long before I could get on here to post the results of the last few days of the tests.
Day one: -5%
Day Two: +10
Day Three: +1%
Day Four: -6%
Day Five: -2%
Day Six: +11%
Day seven: +2%
Day eight: +1%
Day Nine: -5%
Day Ten: -11%
Day eleven: +8%
Day Twelve: +1%
Day Thirteen: +1%
Day Fourteen: -1%
Seem to be a bit smaller then nicehash at times and higher at other times. it seems to for me at least payquicker and it gets deposited in my nicehash account sooner than I expected. hopefully when they let up pick which coin to mine on our own it may help somewhat, and any of you who want to move smaller volume will probably benefit when they add the functionality to withdraw other coin/usd. anyways when their autopilot system works it works great but when it doesn't it's just "okay" for lack of a better word... _____________________________________________________ Contact: they have a contact us part on their webpage and they also have a reddit page which I was made aware of from contacting them https://www.reddit.com/HoneyMine Careers: If anyone is interested in working for them the job listings at the time of this typing were for Senior Java Developer(s) and Customer Service Representative(s) the email listed is [[email protected]](mailto:[email protected]). id suggest you check their site for the requirements I just added this part to the review as a courtesy if anyone's interested its not meant to be a focus of it. But I know we have some really talented people on reddit who care about the crypto world passionately so id rather give honyminer a chance to have some of those sort on their team since it might help improve the software faster for the end users.. if that makes sense. _________________________________________________________ UPDATE: If a question reminds me I left out something I think should have mentioned Ill try to add it here so ppl don't have to scroll all over the place.. I don't write many reviews (for anything) so I don't know if this one was any good or not but I hope it was okay.. and I'm still a new reddit user relatively. I just wanted to make this review mainly because there is next to no information on honyminer when I looked for it and maybe it can help anyone whos interested in it. browolf2asked Is it basically like nicehash then? : A: In a way, its like nice hash that its cloud based, but you get paid not just when your pool completes an order. there are no "buyers" only "sellers" if you look at it that way...I hope I'm wording this the right way.. It's just straight up mining and they take their fee but compared to nicehash the fees for "mining" are different karl0525asked: do you know if we can contact the honeyminer dev team and see if they will communicate here on Reddit. Might give them some good ideas what us miners are looking for? Worth a try maybe? Thanks: A: I submitted a question to their "contact us" part of their webpage and I got a reply from them, this is the message I received below: Thank you for writing in and for your interest in Honeyminer. We always welcome feedback and suggestions from our users. We are currently planning on expanding our online and social media presence. Please check our our Reddit page: https://www.reddit.com/HoneyMine
I've recently come into the opportunity to access capital and large amounts of electricity at ~ $0.005-0.01 per kWh. While I would prefer to sell only enough Bitcoin to pay for operating expenses this is not my money. Investors realize this is a risky investment, but if they wanted to invest into Bitcoin they could just buy it themselves. I am currently looking into how to sell the Bitcoin off as fast as possible to try and control my exposure to the market and be as risk averse as possible for investors. Mining pools like Slush Pool allow you to automatically recevie payouts once your account reaches a minium 0.001 BTC. Past that does anyone automate their selling? Ideally, I would like that after I get paid out to like a Coinbase Prime account CP auto executes sell orders. Not sure if this is possible, but I'm trying to avoid me manually having to "clean out" my Bitcoin on a daily basis in order to decrease market exposure. I'm assuming most here just sell the minimum amount to pay operating expenses, but what do you do?
How to make your first investment in SPDR and generate revenue with masternodes and other amazing news
Welcome to the weekly blog section of the SPIDER VPS team, blog section where we will talk about the development of our platform. For us, it is very important to have a space dedicated to the weekly updates of our project, as we demonstrate that our commitment and our effort is real and that we want to deliver a project 100% dedicated to our community. For this day’s section, we will talk about how you, as a young investor, will be able to invest directly in our currency and generate income with our masternodes system.We would also like to show the progression of our marketing campaign,new services and partnerships are being added everyday in order for spider coin to “reach out every corner”.We seek to be the best project of the moment. You are welcome to join us and find out how our project is right now, its development and movement in the community,which is the most important thing because we can do any kind of positive development but if we do not have the support of our community and investors we can not move forward so all our progress we owe to you , our faithful and big family.
First investments in SPDR
https://preview.redd.it/fbf16xkk6k231.jpg?width=640&format=pjpg&auto=webp&s=357f53a1628deac588bcaebc4a35b3aae3f67ac2 First we’ll talk about why it’s a good option for you to invest in our project. We are currently among the 20 best masternode coins of the moment as we have a current volume of 24 hours of more than 23.70 BTC. Also in such a short time we were listed in coinmarketcap. This is a great joy for us because many know that being on the list in such a short time in coinmarketcap is a challenge that only a few can achieve. To list a project on CMC they must have a very good volume of trade because CMC does a very deep study to know if a currency can be listed with them and they listed SPDR almost immediately showing that it is a project worth believing in and investing in. This makes us understand that we have a growing community that believes in us and fully trusts that we are a project with a very strong base. With such a large percentage of currencies closed, we have a very good decrease in ROI that will give more price and stability to our currency, in just fifteen days we saw how the price of our currency doubled compared to its value, which is amazing. I will show it in the following graph, because the young investors to whom this post is addressed need to know why it is a good idea to invest in us and what are the great advantages of doing so… We know we still have a long way to go, but we work day by day constantly refining our platform and telling only the truth to our community. https://preview.redd.it/x2hq8z6n6k231.png?width=844&format=png&auto=webp&s=d8ed847d8a68c651c5179e14d155a80c290e5e9d SPDR has been a very innovative concept because you can acquire it thanks to its hybrid algo that has mining POW and POS staking/masternode system which means that investors can choose either to mine their coins with their Gpu’s or stake them/run masternodes by themselves or by using our trusted partners that offer shared masternode services and earn a passive income from a coin in constant growth.. As a second point we will talk about how these shared masternodes work because they are the most used at moment.You do not need to have all the collateral to acquire rewards because you can invest in what you want and buy a seat available to duplicate those coins to get to have your own node in this way but this is what we will talk about. Then, as I said, let’s talk about the fact that SPDR was able to list in an exchange very early on, which is also amazing since part of the pre-sale was done in CREX24. Our team was very assertive in listing with this great exchange because it is very respectable nowadays, it has a daily volume of 192 BTC and by the way our currency is in the number one position, after a while we decided that it was time to expand and we needed another exchange so we chose CryptoBridge which has a current volume of 52 BTC and has earned the affection of many for its great system together with the chain of blocks of Bitshares ,our coin here is ranked in the top 10. https://preview.redd.it/nhcgpo0p6k231.png?width=659&format=png&auto=webp&s=7fea21a44c78d111dc05a10f54b4cd0c7e7e3ef6 CREX24 https://preview.redd.it/7ohuqwaq6k231.png?width=266&format=png&auto=webp&s=13c9e7666b272f32e96b1f04205e82abd14480d8 CryptoBridge
About our shared, instant masternodes partners
https://preview.redd.it/pyh67fps6k231.jpg?width=640&format=pjpg&auto=webp&s=cec0b5933fe7710c6d223b7ee4f1fac4a82a1cee Every day more and more partners join our project so this time we will talk about all the shared masternode services which have brought many benefits to the projects because they do something that is a true for many masternode investors which is that not many of them know the technical parts of how to host a masternode, and with those platforms they can do it for a percentage cost of their hosted currencies or simply because they are investors who want to expand their portfolio and want to invest in many currencies. Many of this services(if they agree with the coin teams) run instant nodes.What is an istant node? Basically it is a masternode running in the background which gives instant rewards to all members that join a shared pool. If there are for example 3500 coins in the pool but no istant node running then all users will get staking rewards only. If there is an instant node running than all users will get 50% of masternode rewards shared between them. https://preview.redd.it/5bymtooy6k231.png?width=800&format=png&auto=webp&s=a9e5170ec14222654e7eb0d1f663fca2bd98b66f service offers an instant shared masternodes for SPDR. Check out ultimate features: • 0-click-masternode-launch (tm) • full automation • instant masternode join • instant rewards • instant withdrawal • no deposit or withdrawal fee • instant auto-reinvest • no minimum deposit / masternode join amount • super-clean and intuitive interface • referral system Join the shared masternode in 2 clicks: Click 1 — Login with your social network account: Facebook, Twitter, Google supported (don’t forget to confirm your email). Click 2 — Deposit your SPDR coins. You will start to receive rewards instantly! Visithttps://stackofstake.com/ and explore the ultimate masternode experience! Got questions or suggestions? Join our official Discord server Need support? Feel free to report any issues to [[email protected]](mailto:[email protected]). https://preview.redd.it/omjwd0v17k231.png?width=225&format=png&auto=webp&s=48aaed456ceae495d50e1a7a5a9bfa2254c2defd Established in January 2018 and offering the largest community in the masternode space, Midas are a highly trusted and reputable investments platform, and through this listing SPDR endorse their service. Invest through the Midas Investment Platform — https://p.midas.investments/
Earn rewards instantly using the SPDR instant share held at the Midas platform.
Manage your investments on the Midas platform, providing regular and consistent payouts.
Instant and automated deposits and withdrawals, giving you full control over your investments.
Industry low fees, offering a three tiered fee structure to ensure fees stay low. Pay in MIDAS for the lowest fees.
Scaled reinvestment. Reinvest 100% for compound interest, or set a full/partial automated withdrawal to your wallet.
Midas become the first to offer a complete investment ecosystem Investors with Midas gain the unique ability to utilize a combination of platforms to research, trade and invest your favourite projects. Research — Follow the latest updates from your favourite projects with content published directly on https://mn.investments/ from the teams themselves. Trade — Have you found the investment you want to make. Trade directly on Midex, the exchange operated by Midas — https://dex.midas.investments/ Invest — Invest your coins on the Midas platform https://p.midas.investments/, the intuitive and easy-to-manage platform offered by Midas. In this great platform there are so far 9 masternodes installed We hope to integrate SPDR to other Midas platforms very soon! Discord https://preview.redd.it/s6z7q4s47k231.png?width=800&format=png&auto=webp&s=959aaca4c306665f0b6374ba2834275755e81c30 All the SPIDER investors have now 2 weeks with no fees at the trttNodes platform What does the service offer: INVESTMENT IN MASTERNODE POOLS - Investments with no limitations or barriers — starting from 10 EUR minimum value and no cap on maximum investment. - Investment pools — no shares, seats or dedicated masternodes, your investment will be treated as one position and always get it’s fair rewards. - Instant rewards — no waiting for the first rewards or masternode filling, get paid 4 times a day, on every 6 hours - Instant withdrawals — no coins locked for days and waiting for replacement. - Compound interest by Reinvesting — enable “Re-invest” feature and get the accumulated rewards automatically added to your investment. - Flexible management — you can add more coins to running investment or withdraw from it any amount, whenever you wish. - Low fees — 5 EUmonth flat fee per masternode and 4% on rewards for the amounts less that full MN. - Fees paid in TRTT — your coins won’t be sold on the market and drive the price down. - Team dedicated to investors COLD WALLET MASTERNODE HOSTING - No tech Knowledge needed - 3-clicks setup - Special launch offer — only 0.49€/Month - Fees charged daily in TRTT - 24/7 service * Special offer will be valid as long as we continue in beta phase Guides How to invest with trttNodes (new UI) Cold Nodes setup at trttNodes (new UI) Discord https://preview.redd.it/db23og577k231.png?width=800&format=png&auto=webp&s=2141a87baf773755909030bf389dbfbc3b36099e
11k+ hosting Mns ( biggest platform in the world )
$0.11 daily fee for hosting
INSTANT MNs ( you get immediately rewards in shared MNs)
REINVEST option (DOUBLE YOUR REWARDS)
No deposit or withdrawal fee
Only 2% fee in shared MN
More than 150 MN coins in automated shared MN
Full node host, you can send coins to shared MN or host your own
Discord Platform https://preview.redd.it/46v8x1dkck231.png?width=553&format=png&auto=webp&s=934fff4dbca0c24532fca804f3fc9aa140c4fb73 This is great news that we have in mind and that will be a great boom! not everything is Proof of Stake we also have great news for our investors who work at Proof of Work! We want to announce our great partnership with the AIOMiner platform which we are hoping that in a few days this will become official we have already established with them our enlistment, we also want to work day by day for our miners POW! but for those people who do not know AIOMiner what this is all about? mining software in one GPU for Windows in which you can control your mining from anywhere that is automatically synchronized that generates the best return using WhatToMine.com and make this more profitable for you. They also have a system that we all know that in mining there are times of day that are usually more expensive so it will be configured depends on performance to offer you a better return but the best of all this is that AIOMiner does not charge any commission because each currency is yours but the best of all is that you have a service 24 hours a day support so you do not lose time and generate more revenue because time is money.
WhatToMine has added SPDR to its list Crypto coins mining profit calculator
https://preview.redd.it/to0gligmck231.png?width=773&format=png&auto=webp&s=fdb440d4c3d65456c3a890c8dbc773cc9e4edb22 For us it is a pride to be listed on this great page because for a long time it has been the excellence for the POW miners that day by day use it to calculate which is the best option of profitability to be able to obtain a better profit of quality coins, what do I mean by this? WhatToMine does an extensive study to determine if a coin is applicable to your platform and for the joy of us we have passed this test and we are in, already for our POW miners may know that they will have the option to draw their own conclusions if mining our coin is good and also this will attract new miners to our network which is something amazing that our family grows so if you are a POW miner please run and do the review and calculate that our coin is your best option. The amazing thing about this page is that it is very accurate and calculates every detail that is presented in a POW mining from the FEES to the cost of energy something very excellent. Website Discord Website This is the publication for this week, we know that it is a little long but when you do real work and strive to bring the best to your community great things have to be announced and there are many more that will add up day by day! With this, those young investors who want to start investing in our project but were not sure or did not know how to do it we hope that this article has cleared their views about the trasparency and hard work that is being put in our project. Again we welcome you to join our big family and invest in a coin with great capabilities.Thank you for reading! This is the publication for this week, we know that it is a little long but when you do real work and strive to bring the best to your community great things have to be announced and there are many more that will add up day by day! With this, those young investors who want to start investing in our project but were not sure or did not know how to do it we hope that this article has cleared their views about the trasparency and hard work that is being put in our project. Again we welcome you to join our big family and invest in a coin with great capabilities.Thank you for reading!
Bitcoin.com is located in the U.S.A,America and you can use it to mine BTC,BCH . It support the PPS,PPLNS payment type(s), and the average fee which is charge by this pool is very low, it is only 0% and the fee expanded is 0% . It provides the Vardiff,Stratum,Monitoring features. It does not support the merged mining and the transaction fee does not share with the miner. Mining pool minimum ... This pool now takes weeks for finding a block and my estimated payout drops more and more the longer I mine for one block. Which doesn't make sense to me if you are not a pool hopper. In fact if I would hopp around the payout would be bigger at Triplemining for the first hours until it drops. Which works and makes me sad. Also the minimum payout amount still didn't get adjusted and is at 0.01 ... In addition, there is a required minimum earning which allows the rewards to be actually paid. Triplemining is Bitcoin mining pool best payout. Basically, it gathers average-sized pools that have no obligatory fees required and repositions 1% of each block discovered. In turn, the share growth speeds up even more than it possibly could with any of the approaches listed above. Related posts ... We’ve listed 10 of the biggest and most reliable BitCoin mining pool in the market, the benefit of joining one of these mining pool is you get paid based on all of your effort, meaning to say if you contributed 1% of the processing power in solving a ‘BitCoin’, you get rewarded 1% of the BitCoin. Unlike centralized mining pools, when you gave up mining at 99%, you are left with nothing. The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team.
Free Bitcoins Instant Payout No Minimum please use my referral link.... https://bitmake.io/?ref=19iVyH1qUxgywY8LJSbpV4VavjZmyuEyxV #freebitcoins #freebitcoin... BTC.com is a popular block explorer bitcoin mining pool. This tutorial will demonstrate how to mine bitcoin on btc.com mining pool. #bitcoin #miningpool #cry... In this video I go over How often you get your mining payment from nicehash if you have your own external wallet or if you have a nicehash bitcoin wallet After two months of Bitcoin mining with our Bitmain Antminer- http://bit.ly/AntMiner we finally get our first payout. But re-doing the math I can see where w... Bitcoin Miner Tutorial - SlushPool Dashboard