#1 Accurate Litecoin Mining Calculator (2020 updated)

Litecoin mining!

Since the litecoin community is growing, I've decided to introduce /litecoinmining, a place for all discussion revolving mining litecoins!
[link]

Megacoin Mining

[link]

Just for You! Lifetime insurance for Moreon fund!

Just for You! Lifetime insurance for Moreon fund!
Hello partners.
We have good news for you! Today we have added a new VIP project called Moreon. A general insurance fund of 500 USD was also allocated for him.
We would like to note that this investment project deserves your attention due to its exceptionally high-quality performance and an interesting idea for calculating profit.
We are already preparing a detailed review of Moreon, but for now you can familiarize yourself with a short summary:
Marketing: 1% - 4.5% daily for 365 days accruals can be increased up to 11.5% daily
Min. / max. deposit: $ 10 / $ 300,000
Withdrawals: Instant
Start of the project: 12/10/2020
Payment systems: Perfect Money, Payeer, Bitcoin, Ethereum, Litecoin
RCB is up to 23% of the deposit amount
All info you can find here https://fairmonitor.com/details/lid/4018/

https://preview.redd.it/13c4usq9s3u51.png?width=800&format=png&auto=webp&s=1bc540f1b2d8fa5b9cc8eb8f41a927b761ee4485
submitted by FairMonitorCom to u/FairMonitorCom [link] [comments]

Calculating the value of Moon tokens using Metcalfe's Law

I have seen a few posts here with users wondering what the price of Moon tokens on this sub are worth, and while they're "technically" not worth anything, I thought it would be fun coming up with an estimate as to how much each token is roughly worth. To do this, I measured using a metric called "Metcalfe's Law". Metcalfe's Law states that the value of a network is n log(n) of the number of participants within the network.
For the calculations and statistics I'm using here, I'm getting my information from bitinfocharts.com. I figured to start with measuring this metric through the number of active users on this subreddit. For these metrics, I think it is fair to take the statistics of the last week into consideration, so that there are no outliers in this data set. Since these tokens are technically on Ethereum, that means I will be using some Ethereum statistics in this to get as accurate results as possible.
Now for determining the active number of users on the network, I took the top post for this entire week (which has 3,200 upvotes + 300 comments), and assumed an engagement rate of 2.5% (This is the average engagement rates of posts on social media). Using this, the number of active users in the sub can be calculated to be ~140,000. Using this figure, and entering it in the equation v = n log(n), we get a network value of ~720,500.
With this value in mind, we have to multiply it by some metric, so for this figure, I decided to multiply it by the median transaction value for Ethereum (7 day SMA). Though there are no available current metrics for median transaction value, the last SMA value for median transaction value is $0.013. I chose the median transaction value because unlike Ethereum, Moons aren't used for wealth transfer or large transactions. Otherwise, I would take the average transaction value into consideration. Multiplying this, the total market cap of Moon tokens is $9,365.95. This gives each token a value of ~$0.000605 per token. Looking at these metrics, this means the user who currently earned the most moons this month earned ~$28.52.
Just to show you how accurate this metric is, I'm going to compare it using the active addresses of some of the top coins, and the average transaction value (since other currencies ARE used for wealth transfer) and compare it to the real market cap of these coins:
Coin Market Cap Metcalfe's Law Market Cap
Bitcoin ~$174,000,000,000 ~$125,850,000,000
Ethereum ~$25,955,000,000 ~$1,188,000,000
Bitcoin Cash ~$4,425,000,000 ~$3,230,000,000
Bitcoin SV ~$3,280,000,000 ~$10,560,000
Litecoin ~$2,860,000,000 ~$1,380,000,000
* I think mainly the only reason there is a discrepancy for Ethereum is partly because it's not a currency intended for wealth transfer, but is more focused on creating dApps, and developing DeFi
submitted by 1MightBeAPenguin to CryptoCurrency [link] [comments]

Building an Ethereum Mining Rig - Part 2

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
submitted by Giulo75 to u/Giulo75 [link] [comments]

ACIS-mining and its 3 best algorithms

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

Fiat Currency to Cryptocurrency Calculator. Real-time rates from multiple exchanges.

Hey,
Developed a small project that helps you calculate the equivalent amount from fiat money to cryptocurrencies and vice-versa.
Website - Pingrates ( https://pingrates.herokuapp.com/ )
Currently, it supports five cryptocurrencies. Looking to add more later on.
Primarily it supports three fiat currencies and many more by using appropriate exchange rates. For all other currencies rates are calculated using USD Rates and Coinbase Forex rates.
Currently, it provides live rates from three Exchanges. Working on adding more soon!
Notification Alerts
For Desktop user's Notification Alerts are provided which will be delivered using Web Notifications. Just Allow Notifications in Browser and you will receive small popups whenever the conditions are met.
If you have any issues, queries, or find any bugs please comment down or contact me on the E-mail ID provided on the website.
submitted by dev_46 to CryptoCurrencyTrading [link] [comments]

Blockchain Oracles: Connecting The Worlds. Part 1

Blockchain Oracles: Connecting The Worlds. Part 1
Many blockchain-based cryptocurrencies, and most importantly, Bitcoin and Ether, have become notorious for transaction failures, primarily due to scalability issues. And that’s pretty much all when we talk about plain-vanilla Bitcoin and its copycats like Litecoin or its clones like Bitcoin Cash. But with blockchains like Ethereum, which expand into the far reaches of a new territory known as smart contracts and decentralized applications (dApps), this is only the tip of the iceberg. In other words, only a beginning.
by StealthEX
What hides below the surface, and thus rarely emerges in public discussions about cryptocurrencies, is the closed-off nature of smart contract-enabled blockchains. To be ever so slightly useful, smart contracts and dApps running on top of them must have access to real-world data which is immensely off-chain, while they are permanently stuck within the constraints of their tiny on-chain world. So how do they escape out of the straightjackets put on them by their restrictive environments? That’s where blockchain oracles come into play.

And what role do they play, exactly?

Enabling smart contracts and dApps to interact with the outside world opens both endless possibilities and a big can of worms. Now that the entire world is made available to a smart contract, it can take an input from an external source of information, make some calculations that require this data or arrive at a decision based on it, and then get down to some work like moving contractually-locked funds from Alice to Bob. Or from Bob to Alice, depending on the verdict. Sounds cool, huh?
But here’s the catch. As transactions on a smart contract blockchain are supposed to be irreversible (while the blockchain itself immutable), it can lead to catastrophic consequences if the input has been tampered with or just happens to be incorrect for some arbitrary reason, not necessarily ill in intent. This fundamental problem of internalizing the outside world for on-chain execution of contractual agreements on smart contract blockchains has become most apparent with the advent of Decentralized Finance (or simply DeFi) a few years ago.
DeFi is a promising new kid on the blockchain arena. It hinges on the idea of decentralizing most financial services that we use today, but without a bank or other financial institution in the middle. It is envisioned that with the help of smart contracts and dApps using them we will be able to lend money and borrow with collateralized digital assets, offer and receive banking services including mortgages and insurance, buy and sell digital assets safely on decentralized marketplaces, as well as issue stablecoins and user tokens. Pretty impressive list, isn’t it?
However, for all of this to work properly we need trustless and reliable sources of information outside the blockchain that provide inputs to dApps running on that blockchain. DeFi requires trustless data feeds about the state of the world to ensure correct on-chain execution of smart contracts powering dApps. But how do we get these and manage to retrieve external data that cannot be verified through cryptography but that we can still trust and rely on? Entities that provide off-chain data for on-chain consumption are called blockchain oracles. Technically, an oracle is an interface through which a smart contract queries and retrieves information from an external source of truth.
As it turns out, DeFi is not the only field of application where blockchain oracles turn up quite handy, but since their use is most indispensable there, it makes sense to delve deeper into this area.

Oracles of DeFi

Today, the space is crowded with a plethora of players that aim at providing DeFi with so much needed real-time market information, for example, digital asset prices. There are many forms of oracles, but the most important distinction is drawn between centralized and decentralized ones. As DeFi is supposed to be a trustless, decentralized environment, the decentralized oracles are the flesh and blood of this ecosystem, so we are mostly concerned here with this type of blockchain oracles (just in case, there are centralized oracles too).
DeFi platforms deploy various oracle solutions in their pursuit of retrieving real-time information about the market price of digital assets. The most well known among these is the MakerDAO lending platform which uses an oracle module called the Medianizer to obtain the real-time exchange prices. Technically, it is a smart contract that accepts price updates from independent data feeds, discards false ones along with outliers, and calculates the median price (hence the name) to be used as a reference for other smart contracts.
Another blockchain-based borrowing and lending platform, Compound, uses administrators who are holders of the platform’s native COMP token. They manage and control price feeds through aggregator contracts they create. Authorized sources of information called reporters are then queried for reference prices by aggregators which verify the data and calculate median values to be used internally. A somewhat similar approach is utilized by AmpleForth, a developer of a stablecoin with elastic supply, and Synthetix, a platform for creating crypto-backed synthetic versions of assets like commodities, stocks, indices, cryptocurrencies, and fiat.
On the other hand, there are a few blockchain projects that provide decentralized oracle services to other platforms and blockchains, mostly Ethereum and EOS. Such projects as Provable (formerly Oraclize), ChainLink, Band Protocol, Tellor aim at providing blockchain-agnostic protocols that allow query and retrieval of virtually any type of reference data in a standardized manner. As authenticity and veracity of the information retrieved is of crucial importance to its consumers, these projects run their own decentralized blockchains whose primary task is to validate data feeds and check that the information received is authentic and has not been tampered with.
Realistically, these special-purpose blockchains come closest to the implementation of a blockchain oracle idea in a truly decentralized and trustless way.

To be continued

In the second part of this two-part article we will look into other uses of blockchain oracles beyond DeFi, and talk about potential problems and pitfalls of this nascent technology, as well as approaches used to deal with them. Stay with us and remain in the know!
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example COMP to DAI.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]).
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/08/12/blockchain-oracles-connecting-the-worlds-part-1/
submitted by Stealthex_io to StealthEX [link] [comments]

List of beer money opportunities in Ireland and most countries worldwide

Please DO NOT post articles promoting these.

The list will consist of 4 parts.

Part 1: Surveys, studies, watching videos, playing games etc.

Swagbucks | Click here to get 300 SB points (3$) when signing up. Note that you need to earn 300 SB within the first 30 days of signing up to get your bonus. * Payout options: PayPal, Amazon gift cards and more. * Swagbucks payment proofs 1 / 2 * Surveys, polls, download offers, sign up offers, cashback when shopping etc. * Tips to earn more: * Click here to add the SwagButton to earn cashback on websites you visit. * Go to the "Discover" section and do offers such as download/install games. They usually pay between 50 to 2000 SB (0.50$ to 20$). * Get 1000 SB for subscribing to Disney + for a year (equivalent of $10) and many more. * Offers change regularly. You should never get bored and have small tasks to do every day.
Survey Time | Click here to sign up * Payout options: PayPal, Amazon gift card and Bitcoin * SurveyTime Payment proofs 1 / 2 / 3 / 4 / 5 * The average length of each survey is roughly 10 minutes and you will usually earn 1$ (sometimes 0.50$ but they inform you before). * You get paid instantly (within minutes with PayPal).
OfferNation | Click here to sign up * Sign up bonus: $0.25 * Payout options: PayPal and Skrill * Points proof | PayPal payment proof | Email payment proof * Wide range of surveys * You might need to send a utility bill or any document with your name on it. It is to prevent fraud. I had to do that myself, I just sent them my broadband utility bill. * You get paid almost instantly as you can cash out from $1
Prolific | Click here to sign up * Payout option: PayPal * Payment proof 1 / Payment proof 2
I've had many more studies but I'm not going to write them all down, it's just to let you know what kind of studies you can expect.
ySense | Click here to sign up * Payout options: PayPal, Amazon gift cards and more. * Similar to Swagbucks.
InstaGC | Click here to sign up * Sign up bonus: 10 points * Payout options: PayPal and Bitcoin * PayPal payment proof / Email payment proof * Similar to Swagbucks.
GG2U | Click here to sign up * Sign up bonus: $1 * Payout options: PayPal, Bitcoin * Similar to Swagbucks.
Gain.gg | Click here to sign up * Sign up bonus: 100 coins * Payout options: Cryptocurrencies (Bitcoin, Ethererum, Litecoin and more). * Similar to Swagbucks.
TimeBucks | Click here to sign up * Sign up bonus: $1 * Payout options: PayPal, Payeer and Bitcoin * Similar to Swagbucks.
ZoomBucks | Click here to sign up * Sign up bonus: 500 points * Payout options: PayPal, Amazon gift cards and more. * Similar to Swagbucks.
GrabPoints | Click here to sign up * Sign up bonus: 500 points * Payout options: PayPal, Amazon gift cards and more. * Similar to Swagbucks.
FeaturePoints | Click here to sign up * Sign up bonus: 50 points * Payout options: PayPal, Visa gift card, Amazon gift cards, Bitcoin and more * Enter the code 9BGX93 to get 50 points if you download the app directly from your mobile phone. * Similar to Swagbucks.
PrizeRebel | Click here to sign up * Payout options: PayPal, Amazon gift cards and more * Similar to Swagbucks.
Market Agent | Click here to sign up * Payout options: PayPal, Skrill and Bank transfer * Surveys
TestingTime | Click here to sign up * Payout options: PayPal, Direct deposit * Test new products & services and earn up to €50 per hour. * I haven’t had any luck yet with this site but maybe you’ll be lucky! * They should send you an email whenever a product or service needs to be tested.

Part 2: Mobile apps only

AttaPoll (Android and IOS) | https://attapoll.app/join/lygpl * Payout options: PayPal, Revolut, Ethereum * AttaPoll payment proof * Short surveys. Usually take between 1 to 10 minutes.
Poll Pay (Android and IOS) | Android | iPhone * Sign up bonus: 0.23€ when using this code N6D2DC84BB * Payout options: PayPal, App Store/iTunes and Spotify Premium * Poll Pay payment proof * Short surveys. Usually between 5 to 10 minutes.
Money App (Android and IOS) | http://moneyapp.org/app * Sign up bonus: 200 Credits when using this code 71YNBT * Payout option: PayPal * Surveys, installing/playing games, signing up to sites etc.
CashKarma (Android and IOS) | https://cashkar.ma/nP0H05HOz8 * Sign up bonus: 300 Karma points. Go to the top right corner of the app and enter weaselbusters * Payout options: PayPal, Google Play, Xbox Live and Steam * Surveys, installing/playing, signing up to sites etc.
BeMyEye (Android and IOS) | https://bemyeye.com/earn-money/ * Sign up bonus: 1€ when you enter this code j5z6pk and complete your first mission. * Payout options: PayPal and Bank transfer * This app allows you to earn money by completing missions. They include taking pictures at specific locations in your area, answering questions and following instructions given to you by the app.
StreetBees (Android and IOS) | Android | iPhone * Sign up bonus: 1€ when you enter this code 8572TF * Payout option: PayPal * Stories (these are basically surveys, but they show as if someone was asking you questions on a messaging app)
Givvy app (Android and IOS) | Android | iPhone
BigCash (Android and IOS) | Android | iPhone * Sign up bonus: 70 coins when you enter this code nwzh7k5z after installing the app * Payout options: PayPal, Amazon gift card etc. * Earn points by watching videos, checking in every day, surveys etc.
BuzzBreak (Android only, coming soon to IOS) | http://bit.ly/2vpqKU6 * Sign up bonus: 500 points when entering referral code B22603141 after you start using the app. * Earn cash by simply reading the news, checking in every day and play games. * I would advise you to only use this if you plan on reading the news from this app. Watching videos and playing games for the purpose of earning points is not really worth it, unless you have a lot of free time.

Part 3: Passive income for Windows/Linux/Mac OS and mobile apps

HoneyGain (Windows, Mac OS and Android) | Click here to sign up and claim your first $5 * Payout option: PayPal * Install their software on your computer and leave it running in the background. * This software basically shares some of your Internet traffic. * Completely passive because once installed and signed in, you will start earning and it will load up as soon as your start up your computer.
PacketStream (Windows, Linux and Mac OS) | Click here to sign up * Payout option: PayPal * Same concept as HoneyGain
Money SMS (Android only) | Click here to download * Sign up bonus: 0,25€ when using this code MZ2GLM24 * Payout option: PayPal * Money SMS payment proof * App to download on your mobile where you receive up to 2 texts per day. You will earn 0.02€ per text. * These are very random texts and you don't need to read them. There are days I don't receive any texts at all and times I receive 2 texts at a time every day. * It's totally passive as you only need to download the app and wait.
McMoney (Android only) | From your mobile phone, go to https://mcmoneyapp.com/ Click on Download APK and install the app. * Sign up bonus: $0,25 when using this code V6TM2KP5 * Payout option: PayPal * Same concept as Money SMS * They pay $0.05 per text (twice more than Money SMS but I personally run both on my mobile).
LoadTeam (Windows only) | Click here to sign up and get your first $0.20 * Payout option: PayPal * You will need to download their software on your computer and leave it running. * This app basically "harvests" your computer's idle power. * Note that your computer could run slow if you don't change the settings on their software. * Tip: I would advise to use this only if you use your computer at the same time. Leaving this particular software running for the purpose of simply earning money might not be worth it. * Once you install it, you can see how much money you could potentially make as it all depends on your computer's performance.
eBesucher (Windows, Linux and Mac OS) | Click here to sign up * Payout options: PayPal and bank transfer * Autosurf that launches random advertised websites on your browser. You can also earn points by reading emails they send you but then it wouldn't be a passive income. I personally just let the Autosurf running. * The main purpose of an Autosurf is for new websites to bring traffic. * You will need to download their software on your computer and leave it running. * Simply hit "Start" once the software is installed.

Part 4: Ireland only - Surveys and Scanning groceries for cashback

Mobrog | Click here to sign up * Payout options: PayPal and Skrill * Mobrog payment proof * Surveys. Note that your reward will usually show the next day.
Shop and Scan | Click here to sign up * Payout options: One4all, Amazon, Penneys, Zalando, Clarks and more. * Shop and Scan payment proof | Shop and Scan points earned proof (past 30 days) * Earn cash back when scanning your groceries. * Once you sign up, you will receive a barcode scanner by post with a book. * Every time you go shopping (once a week), scan the items you bought, take a picture of your receipt and upload them to their site through their app. * Uploading a receipt = 60 points * Scanning and uploading your groceries = 140 points * That's a total of 2€ every week. (Doesn't sound like much but that's a free 8€ per month spending no more than 5 minutes each time). * Once they are in contact with you via email with the full application to join, I would really appreciate if you could enter the panel number 916062 into your application to confirm the referral.
Redclive | Click here to sign up * Payout option: Cheques sent by post * Redclive payment proof email | Redclive payment proof * This is my favorite Irish survey site. They pay 1€ for every 5 minutes spent. * The only downside is that you need to reach 50€ to receive your cheque. Once you reach that amount, they will send you a cheque automatically by post and that takes 2 to 3 weeks.
IrishOpinions | Click here to sign up * Payout options: Amazon, Tesco, Penneys, TK Maxx and more. * IrishOpinions payment proof email | IrishOpinions payment proof Tesco gift card * Same as Redclive. They don’t pay as well but you can cash out once you reach 10€
Toluna | Click here to sign up * Payout options: PayPal, Spotify and Homesense * Surveys and play games like memory cards and MatchMania (similar to candy crush).
Acumen Panel | Click here to sign up * Payout options: AllGifts.ie voucher * Acumen payment proof email | Payment proof AllGifts.ie voucher * Surveys. They pay as much as Redclive (1€ for every 5 minutes spent) but I don't get many surveys from them. I've had one survey from them very recently that took me about 10 minutes for 250 points (2.5€).
Media Opinions Ireland | Click here to sign up * Payout options: One4all and iTunes. * Daily short survey. I don’t get many other surveys from them.
submitted by weaselbusters to beermoneyie [link] [comments]

$20 Free Bitcoin plus up to 8.6% Interest Annually @ BlockFi, a US-Licensed Crypto Lending Company - SUMMER PROMOTION for New Users

BlockFi is a licensed and regulated crypto lending and wealth management company in the United States and its backed by the top venture companies like Akuna Capital, Valar, Fidelity and Coinbase. BlockFi is available to all customers globally including in the UK and Europe.
For a limited time, BlockFi is offering a $20 in Bitcoin bonus after depositing $500 or more worth of crypto into your BlockFi Interest Account (BIA) when you signup with my referral link by August 14, 2020 and maintain a balance of $500 or greater through September 14, 2020. The promotional bonus is not available if you use a non-referral link.
Steps:
  1. Sign up using this link by August 14, 2020 - https://blockfi.com/?ref=c316afd8 (or non-ref link without the free Bitcoin bonus)
  2. Verify your identity
  3. Deposit $500 or more of crypto like Bitcoin, Ethereum, USDC, PAX, GUSD and Litecoin. You can buy crypto on an exchange like Coinbase, Crypto.com, Gemini or Binance and transfer to BlockFi. (If you need a referral to Coinbase, Gemini or Crypto.com, send me a message)
  4. You must maintain a $500+ balance in any type of crypto or stablecoin in your BlockFi Interest Account through September 14, 2020 or you will be ineligible to receive the Bitcoin bonus. After September 14, 2020, you will receive your $20 in Bitcoin bonus payment.
  5. Your BlockFi Interest Account pays out up to 8.6% per year on your crypto deposits. For instance, 8.6% per year on USDC, PAX, and GUSD. 6% per year on Bitcoin and 4.5% per year on Ethereum. Interest is calculated daily, compounded monthly and paid out on the 1st of every month.
  6. The BlockFi Interest Account allows one free withdrawal of any crypto per month. You can withdrawal your bonus and any crypto after you receive the bonus.
BlockFi also supports bank wire transfers (from any bank like Revolut) which is converted to GUSD stablecoin. In addition to earning interest on your crypto deposits, BlockFi allows you buy cryptos and take out a loan without selling your crypto.
Full conditions of the Bitcoin bonus can be found here - https://try.blockfi.com/refer-a-friend-q3-offe
If you want to read more about BlockFi's latest funding round, check out here.
Leave a comment or send me a message if you have any questions! :))
submitted by cryptomiles to beermoneyuk [link] [comments]

Complete Guide to Exodus Wallet

A multi-currency portfolio that makes the wealth of options its strong point. This Complete Guide to Exodus Wallet will clarify its use.

Exodus, an evocative name to best identify a decentralized wallet complete in every aspect and functionality and equipped with an attractive interface that is never an end in itself. Follow our complete guide to Exodus Wallet step by step and you will learn how to use it right away.
After downloading and installing the desktop version, available for Windows, Mac and Linux operating systems, start the software. On the welcome screen, the first action to be taken will be the activation of the wallet obtained by sending a small amount of crypto.

Complete Guide to Exodus Wallet

Then select Sends Assets to Wallet, choose the Ethereum cryptocurrency, press the Receive button and finally click on the icon with the plus sign to store the alphanumeric address of your wallet to which to send a minimum of 0.025 Ether.

Guide to Exodus Wallet
Let's now proceed by selecting Backup in the left menu to move to the page for creating the wallet access password first and then the passphrase that will uniquely identify it. The first is the classic password protection to prevent other people from accessing the wallet from your PC.

The second will allow you instead to be able to access it from any other installation on other PCs. Write them both in a diary or notebook that must be jealously guarded.

Since this is decentralized software, your wallet is not physically installed on your PC but is located on server hosting (more simply, at a subsequent installation, it will be sufficient to select Restore From Backup and enter the 12-word passphrase to be able to have full access to your wallet).


Finally, you will be "tested" to verify that you have actually written everything on paper.

Complete Guide to Exodus Wallet
For any doubts that you will not be able to solve by means of this complete guide to Exodus Wallet or if you want more information, a well-stocked Help Desk section is available. To access it, simply select Help in the main menu on the left. You are shown the social links, the currently installed version and a very long FAQ section. We guarantee that it will certainly come in handy.
A Wallet totally compatible with the main crypto that offers full support to the erc-20 standard.
Just above Help is the Settings item that allows you to quickly select the crypto you want to view in your Portfolio and in your Wallet - regardless of whether or not there are funds - or to choose the traditional reference currency or change the skin of the interface.

ClaimBits - Earn FREE Bitcoins
Let's start now with the description of the last items on the left menu. As soon as you start Exodus you will immediately enter the Portfolio. A graphical representation will display all the cryptocurrencies in your possession while scrolling down the page you will see listed in greater detail and information all the cryptocurrencies previously selected in Settings.

Complete Guide to Exodus Wallet
With the entry Wallet we finally get to the heart of Exodus. By selecting it, another vertical bar will appear with the cryptocurrencies on which funds are deposited listed at the beginning and then all the others selected in Settings. At the bottom of the bar, you can quickly add more by pressing the Add More button, practically a link to the Settings section we have previously talked about.

Guide to Exodus Wallet
At the top right you will have noticed 3 dots positioned vertically. By clicking on them you will open a drop-down menu that will allow you, among other things, to download the private key of the wallet to your PC (we will explain its use later) and all the transactions made with the related crypto. The same ones you will notice as you scroll down the page.



The Send button is used to transfer cryptocurrencies to another wallet or exchange. After selecting it, you will need to enter the destination address and the quantity to be sent. The cost of the transaction will also be calculated in real time.

Complete Guide to Exodus Wallet

To deposit funds of the desired crypto on Exodus, simply press the Receive button, copy the wallet address by selecting the icon with the + sign and paste it into the wallet from which you want to withdraw the funds. The other icons allow you to print the address, send it via email or view its details on blockstream.info.

Guide to Exodus Wallet
The icon with the opposite arrows will send you directly to the Exodus internal exchange.
Let's take an exchange from Bitcoin to Ethereum for example. On this screen, you are offered 3 shortcut keys: All (move everything), Half (half of the availability), Min (minimum transferable amount). Alternatively, you can manually enter the amount of Bitcoins you intend to exchange with Ethereum. You will be shown on the left the amount you are about to transfer while on the right the total you will receive in Ethereum net of commissions.

All cryptocurrency amounts will always show their equivalent in the traditional currency selected at the beginning of the guide. Once ready, press Exchange and the operation will be performed in real time. Also in this screen you will have the opportunity to see the history of all transactions by selecting Order History at the bottom right.


All transfers made on the exchange always have a variable percentage commission which differs in relation to the sending cryptocurrency.
It is not over here, however. Our Complete Guide to Exodus Wallet will also reveal some hidden options.

Exodus offers an additional menu, which initially remains hidden, and appears by pressing CTRL + SHIFT + D. What interests us is the Developer item which allows you to perform many useful actions: choose from several variants on how to recover your wallet as well as enable notifications, start the Debug Mode and change the price source.


Here too, following the path Developer → Assets → ”cryptocurrency name” → view private keys, you can see the private key of the selected crypto and immediately save it in a file on a secure medium.

Guide to Exodus Wallet

Thanks to this alphanumeric code you can also access your wallet from secure sites such as MyEtherwallet.com.


Since Exodus is a wallet compatible with the Ethereum erc-20 standard, you can use it to transfer the tokens based on the Ethereum blockchain obtained through Airdrops, Bounties and other methods. In our Guide to Airdrops under the heading "Knowing how Etherscan.io and MyEtherwallet.com work" the whole procedure to be followed is explained in detail.


Procedure necessary for all those cryptocurrencies that are not listed in the Assets under the Settings item we wrote about at the beginning of this guide.
And with that, that's all.


If you liked this guide and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

DOWNLOAD: https://www.exodus.io/download/

OFFICIAL SITE: https://www.exodus.io/

By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

I willing to do this but not sure how long it will takes

Nexo’s Third Dividend of $6,127,981.39 was distributed successfully on the 15th of August. Read more →
Borrow Earn
Card Token Company
Security Help Login Create Account
Instant Crypto Credit Lines Borrow cash or Stablecoins from 5.9% APR, without selling your crypto. Start Borrowing
Credit Amount
(USD) US Dollar USD
Collateral Required
(BTC) Bitcoin
Starting from just 5.9% APR
Automatic approval, no credit checks
$100 million insurance on custodial assets
Credit lines available from $500 to $2 million

ZeroFees and flexible repayments

Supported Collateral Get cash, keep your crypto using a variety of supported collateral options. Vote Which Coin to Add Next
Bitcoin
Credit Line
Ethereum
Credit Line
XRP
Credit Line
Bitcoin Cash
Credit Line
Litecoin
Credit Line
BNB
Credit Line
EOS
Credit Line
Chainlink
Credit Line
Stellar
Credit Line
NEXO Token
Credit Line
Tron
Credit Line
PAXG
Credit Line
Tether
Credit Line
USD Coin
Credit Line
PAX
Credit Line
TrueUSD
Credit Line
DAI
Credit Line $3B+ Processed in 2 years 800К+ Nexo users 40+ Fiat currencies available 16 Cryptocurrencies accepted How to Borrow There’s nothing more efficient than opening an Instant Crypto Credit Line with Nexo. 1 Top up supported assets Click on the "Top up" button. Copy the deposit address and transfer the amount you wish to top up.
2 A credit line becomes instantly available, no credit checks Once you have added digital assets to your account, you will be able to open a credit line. Your available credit line limit will be calculated depending on the value of your assets.
3 Start spending Withdraw cash or stablecoins or start spending using the Nexo Card. You will be charged interest only on the amount you actually withdraw.
Credit Powered by Your Crypto Hold on to your crypto’s upside potential and get instant cash with Nexo’s Instant Crypto Credit Lines.
Create Account
The Safest Way to Borrow The Nexo platform is equipped with a top-quality security infrastructure designed to protect your collateral at all times. Learn More 13 Years in FinTech Over a decade of flawless FinTech success
ISO 27001:2013 Compliant Impeccable risk assessment, data protection, and state-of-the-art cybersecurity
$100 Million Insurance Insurance on custodial assets via Lloyd’s of London
24/7 Customer Support Round the clock assistance
FAQs All your questions about Nexo answered. Visit our Help Center Loan-to-Value (LTV) explained
Are your loans secured?
Are there any prepayment, origination or loan instalments fees?
What happens if the value of the collateral changes before I repay my loan?
Are there margin calls, will I be notified beforehand and how much time I will have to respond?
Can I take out more than one loan at a time?
The Finest Financial Services for Your Digital Assets Nexo is the world’s leading regulated financial institution for digital assets. The company’s mission from day 1 is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for our clients, while ensuring the $100 million custodial insurance and military-grade security of the Nexo Account. Since raising $52.5 million in 2018, Nexo has processed $3+ billion in 40+ fiat currencies for 800,000+ users across 200 jurisdictions.
The world’s biggest crypto lender Nexo announced it officially backed its first mortgage using the cryptocurrency so “Mighty Ducks” actor Brock Pierce could buy a $1.2 million dollar home.
Nexo gives clients a tool that billionaires have had for years.
This is not a startup this is a team that has a successful track record of over 10 years extending over $120 million in credit...The group recently raised over $50 million for Nexo, its crypto lending venture. All money will be loaned out to so-called hodlers, or those who intend to hold digital currency long-term.
Brock Pierce backed the entire loan for the house with bitcoin. This was our first ever crypto-backed mortgage.
Nexo, which is backed by TechCrunch founder Michael Arrington, has introduced several initiatives over the last few months and recently became the first project to accept XRP as collateral. The company which functions as a bridge between the crypto world and the financial world.
Cryptocurrency startup Nexo which is backed by TechCrunch founder Michael Arrington, has launched a cash-based lending platform… [The] structure allows Nexo to provide instant loans without requiring credit checks or the time delay that manual approval processes require.
A good example is nexo.io a company providing instant cryptocurrency backed loans. The NEXO Dividend Token pays out 30 percent of the company’s profit to token holders.
The idea of crypto lending is one of the most revolutionary things that happened because of the wide adoption and popularity of cryptocurrencies (...) Switzerland-based Nexo is considered to be the first platform to provide instant crypto backed loans is adding XRP as the newest collateral option on their platform.
Nexo offered to provide immediate funding of up to $2 million per customer to SALT Lending’s backlog of loan applicants.
Nexo, a cryptocurrencies loan services, said this week that it’s going to offer interest payments on several leading stablecoins. When stored on the platform, trueusd (TUSD), geminidollar (GUSD), paxos standard (PAX), Circle’s usdcoin (USDC), and Maker’s dai (DAI) will generate an 8 percent interest rate for those holding the currency.
Nexo is ambitiously pursuing its goal of providing cryptoasset-backed credit to consumers in the EU and US. Nexo’s primary protocol functionality is an online platform that enables users to create instant cryptocurrency-backed loans by depositing various major cryptoassets into a Nexo account. The system automatically adjusts the credit limit based on the fluctuating value of the deposited cryptoassets.
Ein Darlehen aufnehmen und als Sicherheit die eigene Kryptowährung hinterlegen? Nexo macht es möglich. Es müssen lediglich KryptoAssets in den Nexo hinterlegt werden und sofort können Kunden einen Kredit aufnehmen, ohne sich einer Bonitätsprüfung unterziehen zu müssen.
The annualized dividend yield of NEXO is 4.80% which beats all dividend stocks in Warren Buffet’s portfolio: Apple at 1.4%, JP Morgan at 3%, Wells Fargo at 3.3%, and Goldman Sachs at 1.6%[...] A truly borderless enterprise, Nexo offers clients over 40+ fiat currencies to choose from in over 200 jurisdictions.
Start Borrowing Create a Nexo Account and get instant cash with our tax-efficient Instant Crypto Credit Lines.
Start Borrowing
Sign up for updates
Follow us Products Borrow Earn on Crypto Earn on EUR, GBP and USD Nexo Card Company About Us Blog Media Center Careers Help Help Center Apply to List Contacts Legal Privacy Policy Terms and Conditions Borrow Terms Earn Terms Institution License Affiliate Terms Assets Business Overview Whitepaper Token Terms Mobile App
Copyright © 2020 Nexo. All rights reserved.
submitted by treneddy to u/treneddy [link] [comments]

I willing to do this but not sure how long it will takes

Nexo’s Third Dividend of $6,127,981.39 was distributed successfully on the 15th of August. Read more →
Borrow Earn
Card Token Company
Security Help Login Create Account
Instant Crypto Credit Lines Borrow cash or Stablecoins from 5.9% APR, without selling your crypto. Start Borrowing
Credit Amount
(USD) US Dollar USD
Collateral Required
(BTC) Bitcoin
Starting from just 5.9% APR
Automatic approval, no credit checks
$100 million insurance on custodial assets
Credit lines available from $500 to $2 million

ZeroFees and flexible repayments

Supported Collateral Get cash, keep your crypto using a variety of supported collateral options. Vote Which Coin to Add Next
Bitcoin
Credit Line
Ethereum
Credit Line
XRP
Credit Line
Bitcoin Cash
Credit Line
Litecoin
Credit Line
BNB
Credit Line
EOS
Credit Line
Chainlink
Credit Line
Stellar
Credit Line
NEXO Token
Credit Line
Tron
Credit Line
PAXG
Credit Line
Tether
Credit Line
USD Coin
Credit Line
PAX
Credit Line
TrueUSD
Credit Line
DAI
Credit Line $3B+ Processed in 2 years 800К+ Nexo users 40+ Fiat currencies available 16 Cryptocurrencies accepted How to Borrow There’s nothing more efficient than opening an Instant Crypto Credit Line with Nexo. 1 Top up supported assets Click on the "Top up" button. Copy the deposit address and transfer the amount you wish to top up.
2 A credit line becomes instantly available, no credit checks Once you have added digital assets to your account, you will be able to open a credit line. Your available credit line limit will be calculated depending on the value of your assets.
3 Start spending Withdraw cash or stablecoins or start spending using the Nexo Card. You will be charged interest only on the amount you actually withdraw.
Credit Powered by Your Crypto Hold on to your crypto’s upside potential and get instant cash with Nexo’s Instant Crypto Credit Lines.
Create Account
The Safest Way to Borrow The Nexo platform is equipped with a top-quality security infrastructure designed to protect your collateral at all times. Learn More 13 Years in FinTech Over a decade of flawless FinTech success
ISO 27001:2013 Compliant Impeccable risk assessment, data protection, and state-of-the-art cybersecurity
$100 Million Insurance Insurance on custodial assets via Lloyd’s of London
24/7 Customer Support Round the clock assistance
FAQs All your questions about Nexo answered. Visit our Help Center Loan-to-Value (LTV) explained
Are your loans secured?
Are there any prepayment, origination or loan instalments fees?
What happens if the value of the collateral changes before I repay my loan?
Are there margin calls, will I be notified beforehand and how much time I will have to respond?
Can I take out more than one loan at a time?
The Finest Financial Services for Your Digital Assets Nexo is the world’s leading regulated financial institution for digital assets. The company’s mission from day 1 is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for our clients, while ensuring the $100 million custodial insurance and military-grade security of the Nexo Account. Since raising $52.5 million in 2018, Nexo has processed $3+ billion in 40+ fiat currencies for 800,000+ users across 200 jurisdictions.
The world’s biggest crypto lender Nexo announced it officially backed its first mortgage using the cryptocurrency so “Mighty Ducks” actor Brock Pierce could buy a $1.2 million dollar home.
Nexo gives clients a tool that billionaires have had for years.
This is not a startup this is a team that has a successful track record of over 10 years extending over $120 million in credit...The group recently raised over $50 million for Nexo, its crypto lending venture. All money will be loaned out to so-called hodlers, or those who intend to hold digital currency long-term.
Brock Pierce backed the entire loan for the house with bitcoin. This was our first ever crypto-backed mortgage.
Nexo, which is backed by TechCrunch founder Michael Arrington, has introduced several initiatives over the last few months and recently became the first project to accept XRP as collateral. The company which functions as a bridge between the crypto world and the financial world.
Cryptocurrency startup Nexo which is backed by TechCrunch founder Michael Arrington, has launched a cash-based lending platform… [The] structure allows Nexo to provide instant loans without requiring credit checks or the time delay that manual approval processes require.
A good example is nexo.io a company providing instant cryptocurrency backed loans. The NEXO Dividend Token pays out 30 percent of the company’s profit to token holders.
The idea of crypto lending is one of the most revolutionary things that happened because of the wide adoption and popularity of cryptocurrencies (...) Switzerland-based Nexo is considered to be the first platform to provide instant crypto backed loans is adding XRP as the newest collateral option on their platform.
Nexo offered to provide immediate funding of up to $2 million per customer to SALT Lending’s backlog of loan applicants.
Nexo, a cryptocurrencies loan services, said this week that it’s going to offer interest payments on several leading stablecoins. When stored on the platform, trueusd (TUSD), geminidollar (GUSD), paxos standard (PAX), Circle’s usdcoin (USDC), and Maker’s dai (DAI) will generate an 8 percent interest rate for those holding the currency.
Nexo is ambitiously pursuing its goal of providing cryptoasset-backed credit to consumers in the EU and US. Nexo’s primary protocol functionality is an online platform that enables users to create instant cryptocurrency-backed loans by depositing various major cryptoassets into a Nexo account. The system automatically adjusts the credit limit based on the fluctuating value of the deposited cryptoassets.
Ein Darlehen aufnehmen und als Sicherheit die eigene Kryptowährung hinterlegen? Nexo macht es möglich. Es müssen lediglich KryptoAssets in den Nexo hinterlegt werden und sofort können Kunden einen Kredit aufnehmen, ohne sich einer Bonitätsprüfung unterziehen zu müssen.
The annualized dividend yield of NEXO is 4.80% which beats all dividend stocks in Warren Buffet’s portfolio: Apple at 1.4%, JP Morgan at 3%, Wells Fargo at 3.3%, and Goldman Sachs at 1.6%[...] A truly borderless enterprise, Nexo offers clients over 40+ fiat currencies to choose from in over 200 jurisdictions.
Start Borrowing Create a Nexo Account and get instant cash with our tax-efficient Instant Crypto Credit Lines.
Start Borrowing
Sign up for updates
Follow us Products Borrow Earn on Crypto Earn on EUR, GBP and USD Nexo Card Company About Us Blog Media Center Careers Help Help Center Apply to List Contacts Legal Privacy Policy Terms and Conditions Borrow Terms Earn Terms Institution License Affiliate Terms Assets Business Overview Whitepaper Token Terms Mobile App
Copyright © 2020 Nexo. All rights reserved.
submitted by treneddy to u/treneddy [link] [comments]

MCS | Shall we find financial freedom through Bitcoin Derivatives Trading?

MCS | Shall we find financial freedom through Bitcoin Derivatives Trading?
\This post has been written by Hedgehog, an MCS influencer and one of Korea's famous cryptocurrency key opinion leaders.*

https://preview.redd.it/652sev9bnjf51.png?width=1080&format=png&auto=webp&s=44eb34377752668e30cb5d6f156fe3ea5d091b89

#Be_a_Trader!

Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

The global gold price continues to rise. The gold price ended at $2049.30, up 1.4% ($28.30) per ounce for December delivery on the New York Mercantile Exchange on the 5th local time. For the first time in history, the gold price hit the $2,000 per ounce mark and settled to the $2,050 mark in a day. It is an unprecedented rise in gold price with an increase during 4 consecutive trading days and hit record highs 7 times in the last 8 trading days.
The cryptocurrency market also showed strong increases last night. As of 20:00 UTC, the bitcoin price was 11693.51 dollars, up 3.96% from the previous day, and Ethereum and Litecoin rose 3.17% and 3.29%, respectively. Also, Bitcoin dominance recorded 60.8%.
With the rise of international gold prices, traders around the world are naturally watching the bitcoin price. Today, we will share how you can realize profits through the trading of bitcoin derivatives, the perpetual contracts.

💡 "Bitcoin Derivatives Perpetual Contract Trading is a Trade of Contracts."
Understanding contract trading is the most difficult part for existing stock traders and traders who trade cryptocurrency spots when trading perpetual contracts. Let's take a closer look at the example of trading stocks and bitcoin derivatives below.

https://preview.redd.it/6xuv85sdnjf51.png?width=1280&format=png&auto=webp&s=81c2362ea79efd3f38ec0aef9b277b301c140b47
In the case of stocks, the money required to buy a stock of $5,000, you pay $5,000. If you buy one share of the stock for $5,000 and then sell the stock when the stock reaches $6,000, you realize a profit of $1,000.

https://preview.redd.it/v1nmsgqenjf51.png?width=1280&format=png&auto=webp&s=e8b763b72c527a8e422baa3f4c9e7c44b4245a91
As mentioned above, contracts are traded in the case of perpetual contracts. However, the value of each contract is roughly the same for each derivatives exchange. With MCS's BTC/USDT perpetual contracts as an example, 1 contract is worth 1 USDT.

💡 "1 Contract = 1 USDT? How do I trade that with Bitcoin?"
Assuming the price of bitcoin is 10,000 USDT, how many contracts can I buy on the BTC/USDT perpetual contracts with 1 BTC? As each bitcoin is worth 10,000 USDT, 10,000 contracts worth 1 USDT can be bought or sold.
So the question here, if the price of bitcoin is 20,000 USDT and I have 1 BTC, how many BTC/USDT perpetual contracts can I buy from MCS?
It would be 20,000 contracts. The easy way to figure this out is with this formula. "present value / contract value of bitcoin". In this formula, if the present value of bitcoin = 20,000 USDT and the contract value = 1 USDT, if substituted, it becomes 20,000/1 = 20,000 contracts.

💡 "Now I understand the concept of contracts, so how do I make profits??"
Bitcoin perpetual contracts have a long position that predicts the price increase and a short position predicting the price decrease. This revenue calculation part is well explained in the help center of MCS.
MCS Perpetual Contracts Profit and Loss Calculation :
https://help.mycoinstory.com/hc/en-us/articles/360040633252-Profit-and-Loss-Calculation-Overview

🎯 "You don't have to be excellent to start, but you have to start to be great." - Les Brown
If you are a trader who wants to realize economic freedom through cryptocurrency trading, I recommend the trading perpetual contracts on MCS. Firsts are always difficult and feels unfamiliar. However if you adapt and build up your know-how, it is like acquiring a new weapon that others do not have. If there are traders being lazy in learning due to the difficulty, MCS provides online customer support 24/7, so if you do not understand something, please get help from the MCS support team.

This is it from the margin trader Hedgehog.
*Bitcoin derivatives trading is a high-risk, high-return investment, so it is recommended to fully understand all related matters before trading.

Traders ALWAYS come first on MCS.
Thank you.

MCS Website: https://mycoinstory.com/
MCS Official Twitter (EN): https://twitter.com/mycoinstory_mcs
MCS Official Facebook: https://www.facebook.com/MyCoinStory.official
MCS Telegram Chat (EN): https://t.me/mycoinstory_EN
submitted by MyCoinStory to MyCoinStory [link] [comments]

I've created dark themed LibreOffice Personal Finance workbook (x-post from r/personalfinance)

The workbook can be found here:

It contains:
MAIN Sheet
Transactions Sheet
Expenses Sheet
NLTHP Sheet
NLTHP Cash Sheet

Possible future sheets:

Supported currencies:

Supported conversions to:

The workbook is free and open source, does not contain any macros and all 4 external links to exchange sites are contained in a single sheet which can be removed if needed.
If anyone has any questions or suggestions you can leave a comment, or send me a DM on Reddit or Matrix.
submitted by xxkoes to libreoffice [link] [comments]

A Glance at the Heart: Proof-of-Authority Technology in the UMI Network

A Glance at the Heart: Proof-of-Authority Technology in the UMI Network

https://preview.redd.it/vhvj6v093df51.jpg?width=1024&format=pjpg&auto=webp&s=00c0c223d9758edec8ed49a8cb9024f96d3ee343
Greetings from the UMI Team! Our Whitepaper describes in detail the key pros and cons of the two mechanisms which the great majority of other cryptocurrencies are based on:
Proof-of-Work (PoW) — mining technology. Used in Bitcoin, Ethereum, Litecoin, Monero, etc.
Proof-of-Stake (PoS) and its derivatives — forging technology. Used in Nxt, PeerCoin, NEO, PRIZM, etc.
As a result of a careful analysis of PoW and PoS, which are designed to fight against centralization, there came a conclusion that they both fail to perform their main mission and, in the long run, they lead to the network centralization and poor performance. For this reason, we took a different approach. We use Proof-of-Authority (PoA) algorithm coupled with master nodes, which can ensure the UMI network with decentralization and maximum speed.
The Whitepaper allows you to understand the obvious things. This article will give you a clear and detailed explanation of the technology implemented in the UMI network. Let's glance at the heart of the network right now.
Proof-of-Authority: How and Why It Emerged
It's been over a decade since the first transaction in the Bitcoin network. Over this time, the blockchain technology has undergone some qualitative changes. It's down to the fact that the cryptocurrency world seeing the emerging Proof-of-Work defects in the Bitcoin network year after year has actively searched for ways to eliminate them.
PoW decentralization and reliability has an underside of low capacity and scalability problem that prevents the network from rectifying this shortcoming. Moreover, with the growing popularity of Bitcoin, greed of miners who benefit from high fees resulting from the low network throughput has become a serious problem. Miners have also started to create pools making the network more and more centralized. The “human factor” that purposefully slowed down the network and undermined its security could never be eliminated. All this essentially limits the potential for using PoW-based cryptocurrencies on a bigger scale.
Since PoW upgrade ideas came to nothing, crypto community activists have suggested cardinally new solutions and started to develop other protocols. This is how the Proof-of-Stake technology emerged. However, it proved to be excellent in theory rather than in practice. Overall, PoS-based cryptocurrencies do demonstrate a higher capacity, but the difference is not as striking. Moreover, PoS could not fully solve the scalability issue.
In the hope that it could cope with the disaster plaguing all cryptocurrencies, the community came up with brand new algorithms based on alternative operating principles. One of them is the Proof-of-Authority technology. It was meant to be an effective alternative with a high capacity and a solution to the scalability problem. The idea of using PoA in cryptocurrencies was offered by Gavin Wood — a high-profile blockchain programmer and Ethereum co-founder.
Proof-of-Authority Major Features
PoA's major difference from PoW and PoS lies in the elimination of miner or forger races. Network users do not fight for the right to be the first to create a block and receive an award, as it happens with cryptocurrencies based on other technologies. In this case blockchain's operating principle is substantially different — Proof-of-Authority uses the “reputation system” and only allows trusted nodes to create blocks.
It solves the scalability problem allowing to considerably increase capacity and handle transactions almost instantly without wasting time on unnecessary calculations made by miners and forgers. Moreover, trusted nodes must meet the strict capacity requirements. This is one the main reasons why we have selected PoA since this is the only technology allowing to fully use super-fast nodes.
Due to these features, the Proof-of-Authority algorithm is seen as one of the most effective and promising options for bringing blockchain to various business sectors. For instance, its model perfectly fits the logistics and supply chain management sectors. As an outstanding example, PoA is effectively used by the Microsoft Azure cloud platform to offer various tools for bringing blockchain solutions to businesses.
How the UMI Network Gets Rid of the Defects and Incorporates the Benefits of Proof-of-Authority Method
Any system has both drawbacks and advantages — so does PoA. According to the original PoA model, each trusted node can create a block, while it is technically impossible for ordinary users to interfere with the system operation. This makes PoA-based cryptocurrencies a lot more centralized than those based on PoW or PoS. This has always been the main reason for criticizing the PoA technology.
We understood that only a completely decentralized product could translate our vision of a "hard-to-hit", secure and transparent monetary instrument into reality. Therefore, we started with upgrading its basic operating principle in order to create a product that will incorporate all the best features while eliminating the defects. What we’ve got is a decentralized PoA method. We will try to explain at the elementary level:
- We've divided the nodes in the UMI network into two types: master nodes and validator nodes.
- Only master nodes have the right to create blocks and confirm transactions. Among master node holders there's the UMI team and their trusted partners from across the world. Moreover, we deliberately keep some of our partners — those who hold master nodes — in secret in order to secure ourselves against potential negative influence, manipulation, and threats from third parties. This way we ensure maximum coherent and reliable system operation.
- However, since the core idea behind a decentralized cryptocurrency rules out any kind of trust, the blockchain is secured to prevent master nodes from harming the network in the event of sabotage or collusion. It might happen to Bitcoin or other PoW- or PoS-based cryptocurrencies if, for example, several large mining pools unite and perform a 51% attack. But it can’t happen to UMI. First, the worst that bad faith master node holders can do is to negligibly slow down the network. But the UMI network will automatically respond to it by banning such nodes. Thus, master nodes will prevent any partner from doing intentional harm to the network. Moreover, it will not be able to do this, even if most other partners support it. Nothing — not even quantum computers — will help hackers. Read our post "UMI Blockchain Six-Level Security" for more details.
- A validator node can be launched by any participant. Validator nodes maintain the network by verifying the correctness of blocks and excluding the possibility of fakes. In doing so they increase the overall network security and help master nodes carry out their functions. More importantly, those who hold validator nodes control those who hold master nodes and confirm that the latter don't violate anything and comply with the rules. You can find more details about validator nodes in the article we mentioned above.
- Finally, the network allows all interested users to launch light nodes (SPV), which enables viewing and sending transactions without having to download the blockchain and maintain the network. With light nodes, any network user can make sure if the system is operating properly and doesn't have to download the blockchain to do this.
- In addition, we are developing the ability to protect the network in case 100% of the master nodes (10,000 master nodes in total) are "disabled" for some reason. Even this is virtually impossible, we've thought ahead and in the worst-case scenario, the system will automatically move to PoS. By doing so, it will be able to continue processing transactions. We're going to tell you about this in our next publications.
Thus, the UMI network uses an upgraded version of this technology which possesses all its advantages with drawbacks eliminated. This model is truly decentralized and maximum secured.
Another major drawback of PoA-based cryptos is no possibility to grant incentives to users. PoA doesn't imply forging or mining which allow users to earn cryptocurrency while generating new coins. No reward for maintaining the network is the main reason why the crypto community is not interested in PoA. This is, of course, unfair. With this in mind, the UMI team has found the best solution — the unique staking smart-contract. It allows you to increase the number of your coins up to 40% per month even with no mining or forging meaning the human factor cannot have a negative impact on the decentralization and network performance.
New-Generation Proof-of-Authority
The UMI network uses an upgraded version of PoA technology which possesses all its advantages with drawbacks virtually eliminated. This makes UMI a decentralized, easily scalable, and yet the most secure, productive, profitable and fair cryptocurrency, working for the sake of all people.
The widespread use of UMI can change most aspects of society in different areas, including production, commerce, logistics, and all financial arrangements. We are just beginning this journey and thrilled to have you with us. Let's change the world together!
Best regards, UMI Team!
submitted by UMITop to u/UMITop [link] [comments]

Cryptocurrency Mining Today

Cryptocurrency Mining Today
Mining is one of the key concepts in the crypto world. Everyone who comes into contact with this sphere somehow wonders about the mining of coins. How profitable is mining in 2020, and what are the current trends?
by StealthEX
Crypto mining is a process during which a computer solves mathematical problems, resulting in the release of new blocks of information. This gives its owners a certain amount of coins, which is deposited in the total pot and registered in the public “ledger”, so-called blockchain. Machines in the network are also checking transactions with existing coins, adding this information to the blockchain as well.
As for the issue itself, the most well-known algorithm of mining is Proof-of-Work (PoW), used in the networks of Bitcoin, Litecoin, Ethereum and many others.
During the mining process, the latest transactions are verified and compiled into blocks. It is usually a series of calculations with an iteration of parameters to find a hash with the specified properties. The node which first solves this problem receives a reward. This approach was specifically designed to encourage those who provide the computing power of their mining machines to maintain the network and mine new coins.
It is usually no need for a newcomer to know and understand all the complicated details of the mining process, just how much they can earn with certain equipment and electricity costs.
Everything is designed in such a way that the complexity of calculations is steadily increasing, which then requires a constant increase in the computing power of the network. In 2009-2010, for mining bitcoin, miners only had to download and run the software on their personal computers, but very soon the network became so complicated that even with best PCs with a powerful processor, mining became unprofitable. That’s why miners started to use more effective video cards (graphics processing units or GPUs) and join them in so-called “farms”.
In most systems, the number of coins is determined in advance. Also, many networks are gradually reducing rewards for miners. Such emission restrictions were built into the algorithm to prevent inflation.
Thus, the cost of mining for smaller participants no longer pays off, which makes them turn off their hardware or switch to another coin where they can still make their profit.
In particular, on the evening of May 11, 2020, a halving took place in the bitcoin network, the reward for mining was halved, from 12.5 to 6.25 BTC. In June, the revenue of bitcoin miners decreased by 23%, to the lowest since March 2019.
However, in mid-June, the difficulty of bitcoin mining showed a record growth over the past 2.5 years. Mining the first cryptocurrency has become 15% more difficult. Although, by the beginning of July, the complexity had stabilized. The growing difficulty of mining the first cryptocurrency indicates that new miners have joined its network. Previously, some of them turned off the equipment, as it became less profitable to mine the coin due to a decrease in its cost and halving.
Now the absolute majority of new coins are generated by industrial mining. This is done by large data centers equipped with specialized computers based on the ASIC architecture. ASICs are integrated circuits that were initially optimized for a specific task, namely the mining of cryptocurrencies. They are much more productive than CPUs and video cards, and at the same time consume much less electricity. ASIC computers are the main type of equipment for the industrial production of crypto.
So now, after the halving, BTC coin mining has become even less profitable. For beginners, mining the first cryptocurrency is unlikely to be suitable. It is more often earned by large companies that have all the necessary equipment, access to cheap rental conditions, electricity and maintenance.
Hence newbies are better off starting with mining altcoins. It is even more profitable to work in a pool, that is, together with other miners. This can help to place farms in one place and negotiate a favourable price for electricity, so you can get a small but stable income dux to the total capacity of the pool.
Therefore, it has become much more difficult for regular users who have only non-specialized equipment at their disposal to generate virtual money. However, GPU developers have significantly increased the performance of their devices in recent years, so mining on a video card is still common.
Another important event that changes the situation in the mining sphere will be the hardfork of the Ethereum network with the turn to the Proof-of-Stake algorithm. For now, Ethereum is the most popular altcoin for GPU mining, but Ethereum 2.0 will not require using such powerful equipment, so then it switches to PoS, GPU owners will have to look for alternative coins to mine.
At the moment the most popular altcoins for mining on GPUs are Ethereum (ETH), Ethereum Classic (ETC), Grin (GRIN), Zcoin (XZC), Dogecoin and Ravencoin (RVN). There are actually a lot of mining programs that automatically determine which coin is more profitable to mine at the moment.
In the coming years, the market is waiting for a race of technologies. Manufacturers are investing in finding ways to increase hashing speed and reduce power consumption. Mining pools will play an increasing role. The market will also be affected by applications for mining cryptocurrencies on smartphones that require low computing power, such as Dash or Litecoin.
And remember StealthEX supports more than 250 coins and constantly updating the list, so you can easily swap your crypto haul to more popular altcoins. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/07/28/mining-today/
submitted by Stealthex_io to StealthEX [link] [comments]

$1 of Bitcoin value created is responsible for $0.49 in health and climate damages in the US and $0.37 in China.

The rising electricity requirements to produce a single coin will lead to inevitable social crisis
Energy Research & Social Science Volume 59, January 2020, 101281
Abstract
Cryptocurrency mining uses significant amounts of energy as part of the proof-of-work time-stamping scheme to add new blocks to the chain. Expanding upon previously calculated energy use patterns for mining four prominent cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Monero), we estimate the per coin economic damages of air pollution emissions and associated human mortality and climate impacts of mining these cryptocurrencies in the US and China. Results indicate that in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China. The similar value in China relative to the US occurs despite the extremely large disparity between the value of a statistical life estimate for the US relative to that of China. Further, with each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefits, absent perpetual price increases. For example, in December 2018, our results illustrate a case (for Bitcoin) where the health and climate change “cryptodamages” roughly match each $1 of coin value created. We close with discussion of policy implications.
https://www.sciencedirect.com/science/article/pii/S2214629619302701
op: to say nothing of hidden hardware health costs, I bet jacking up electricity prices will only make it worse
submitted by CommonEmployment to collapse [link] [comments]

Reddit is now privately scoring communities based on how heavily they remove content. Here is a sample of these ratings

See: https://www.reddit.com/ModSupport/comments/cwmqnj/this_community_has_a_medium_post_removal_rate/ for more background.
The "Difficulty Score" appears to operate on a scale from 0-1 with some (smalleless active) subreddits returning null
1 appears to be nearly complete lack of removals while scores closer to 0 appear to be heavier moderation.
Here is a sampling of values I found:
Reddit's also calculating similarity scores to present the suggestions I'll probably post more about this later. Whatever metric they are using is smart enough to realize that politics is heavily left leaning and suggest only other left leaning subreddits as similar.
If anyone would like me to check the value of a subreddit let me know.
Edits 1-7: Added some more results
Edit 8: I was banned from ModHelp for bringing attention to this data:
https://www.reddit.com/banned/comments/cx3bvl/i_was_just_banned_and_muted_from_rmodhelp_just/
Edits 9-26: More data
Edit 27: top 1000 subreddits here:
https://www.reddit.com/WatchRedditDie/wiki/removalrates
Edit 28: I was banned from ModSupport after expressing support for this feature:
https://www.reddit.com/ModSupport/comments/d3amz1/what_the_fuck_is_this_not_cool/f00zrd2/
And the admins have clarified that improved transparency is a goal of the experiment:
https://www.reddit.com/ModSupport/comments/d724l2/how_is_this_this_still_live/f0xd87c/
The hardest part of working at Reddit is trying to find the balance between users and moderators. We try not to pick sides and build things that work for both parties. One of the most consistent and hardest feedback we get from ours users is the lack of transparency around removals. This is not an indication or an inditement against mods. Rather users literally have no insights into this. So, while this may not be something requested from moderators, this is one of the key pain points for our users. This experiment is meant to help increase the level of transparency while trying to bring attention to users the importance of following rules.
u/HideHideHidden [emphasis added]
submitted by FreeSpeechWarrior to WatchRedditDie [link] [comments]

Addressing Common Arguments For Limiting BTC's Block Size

For a while, I've seen many BTC maximalists bring up arguments about why the block size for Bitcoin should be limited to 1 MB. I have made this post to address most of these arguments. If you disagree, feel free to make your point in the comments!

Limiting block size is what helps keep nodes cheap, and helps decentralize Bitcoin.
Let's do some math here...
With the block size of BTC being 1.00 MB, and having ~144 blocks a day, 365 days a year, there are roughly 52,560 blocks in a year. Using this data, 52.5 GB of storage will be used up in an entire year (we'll make the assumption that someone running a node buys 1 hard drive a year to store all this data).
Looking at Amazon, the average cost for 64.0 GB of storage capacity for a flash drive is roughly $10.00. This means on average, someone running a node is paying roughly 80 cents per month for storage. Okay, now let's look at the internet aspect of things. The average internet speed globally is around ~75 Mbps (which is more than enough for both BTC and BCH) and will likely run for around ~$40 a month (this is a rough figure, and slightly pessimistic, but let's take it). Therefore, doing some math:
($40.00/month + $0.80/month) x 12 months = ~$490.00/year
Okay, so it roughly costs $490.00 a year which is just a little over $1/day for running a node. Let's see how much more expensive BCH is when running the same type of node:
For BCH, everything stays the same, except for storage costs. Since the block size is 32 times bigger than BTC, doing the math, BCH will take up roughly 1.7 TB of data. For a 2 TB hard drive, the cost is roughly $60. For an entire year, that will cost about $5 per month for storage.
Taking this into consideration, we can calculate how much it will cost to run a BCH node for storage and internet:
($40.00/month + $5.00/month) x 12 months = ~$540.00/year
So in conclusion:
BTC Node BCH Node
Price (yearly) $490.00 $540.00
Price (monthly) ~$40.80 ~$45.00
As we can see, it really isn't that much more expensive, and this isn't even factoring in how much cheaper digital storage will become over time. As digital storage becomes bigger, we can also expand block size, and not have to worry about centralization.

The market has decided that BTC is better, therefore BCH is not Bitcoin.
While yes, based on hashing power, this is true, Bitcoin being Bitcoin is not about hashing power. It is about what Bitcoin was intended to do. Bitcoin was created by Satoshi as a form of peer-to-peer electronic cash system. Even in the whitepaper of Bitcoin, Bitcoin is not working the way it was intended to. From the whitepaper:

The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions.
It says it right here, one of the issues with current forms electronic payments is high transaction fees, and how they make small, everyday purchases expensive, making it bad for regular, everyday purchases.
Currently, looking at the fees, BTC costs roughly $0.50 for every transaction (fees vary every single block, but this is the current average), regardless of the transaction amount. That means if I'm making a purchase at a coffee shop for $2.00, it is going to cost me $2.50 effectively for the coffee. That means that I am paying 25% of my transaction value just to transfer my own money. What incentive would I have to make that purchase, especially when I could just use normal cash, and not pay ridiculously high fees for a normal transaction?
Let's compare this to BCH. Right now, the average fee for BCH is about $0.0025 for every transaction. When comparing that even to a $2 purchase, the fee is negligible and makes effectively no difference to the transaction amount. As we can see, BCH is far cheaper for everyday normal transactions, a.k.a. electronic cash.

Bitcoin only has high transaction fees because of the higher transaction volume, and Bitmain has spammed transactions to make BTC look bad.
As far as I know, I don't recall Bitmain spamming transactions on the network (I could be wrong on this). If someone has evidence of this, I will gladly retract this. As for transaction volume (number of transactions), we can use comparable numbers from when BCH and BTC were both having extremely high transaction volumes:
Date (DD/MM/YYYY) No. of transactions (BTC) No. of transactions (BCH) Average Transaction Fee (BTC) Average Transaction Fee (BCH)
19/08/2018 167k 129k $0.65 $0.0033
15/11/2018 241k 688k $0.74 $0.0018
19/11/2018 268k 283k $0.79 $0.0007
20/11/2018 288k 329k $1.11 $0.0006
01/09/2019 285k 575k $0.68 $0.0007
Note: The peak fees for both blockchains were $52.00 for BTC and $0.90 (which is still bad for BCH. The difference is that BCH has taken steps to ensure that kind of transaction fee would never happen again, even faced with the same amount of traffic on the network.)

The Lightning Network (an off-chain solution) is a better solution to Bitcoin's current problem than increasing the block size (an on-chain solution), and has a much higher transactions per second capability than BCH.
Yes, the Lightning Network may have a higher transaction per second capability when compared to BCH, but it comes at a cost: centralization.
The aim of Bitcoin was to make a peer-to-peer electronic cash system with a high transaction per second capability, but it also is supposed to have 3 distinct properties to it. Bitcoin should also be:
  1. Cheap (fees should be negligible, no matter how low the transaction amount)
  2. Decentralized
  3. Secure
When you take away any one of these characteristics, it becomes A LOT easier to make a currency with a higher transaction input capability, but it ignores the goal of what Bitcoin is supposed to be. For example, if you have a system of cash that is:

Cheap and secure, but not decentralized:
XRP (Ripple)
Credit Cards
Paypal
Lightning Network

Cheap and decentralized, but not secure:
LTC (Litecoin)
(DOGE) Dogecoin
Plenty of other low-use altcoins

Secure and Decentralized, but not cheap:
BTC (Bitcoin)
XMR (Monero)

BCH manages to have all 3 characteristics, all while having a transaction capability of more than 200 transactions per second. Not to mention that setting up a node on the Lightning Network is a complicated, tedious, and painful process to go through, just to put your fund somewhere where they aren't safe (you risk losing your funds pretty easily, especially if you're an everyday person who doesn't have much knowledge when it comes to technology). Not only is this the case, but eventually the funds from the Lightning Network will have to be settled on the blockchain, and when adoption increases, the fees will increase as well, meaning that you will be charged a ridiculously high amount for withdrawing your own money.
To add to this, nodes that are run by people with more resources will eventually become Lightning Hubs, meaning that they are the only few who you can go through to send a transaction to whoever you want. This makes Lightning Hubs the new intermediaries for financial transactions. Does this all sound familiar? It is literally banking right now, but with the name 'Bitcoin' slapped on top of it.

Anyway, these are all the arguments I have heard from BTC maximalists. If you have any more arguments, feel free to comment them below, and I'm willing to change my mind if you make a good point.
submitted by 1MightBeAPenguin to btc [link] [comments]

TkeyNet: release date, a brief analysis of the system, future plans

TkeyNet: release date, a brief analysis of the system, future plans

https://preview.redd.it/ayym7cl9c1b51.png?width=700&format=png&auto=webp&s=367792bdc6acdcc670345cf1d6e12865d681b21b
During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©
The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
https://preview.redd.it/3qfe582cc1b51.png?width=700&format=png&auto=webp&s=406f3c93314c473f9b9c9512e543fa33c6211067
The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.

What is TkeyNet, and what are its advantages?

TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
https://preview.redd.it/bwewihsdc1b51.png?width=700&format=png&auto=webp&s=4bfc1343b46a1eb51f0b972cac509cc1893f3fa4
When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
https://preview.redd.it/hkv2xcpfc1b51.png?width=626&format=png&auto=webp&s=4ae497765a2d02b66046d5a112eb0dd4f1eeb0bc
TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.

How TkeyNet works

Remember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
https://preview.redd.it/ltwgjrhhc1b51.png?width=700&format=png&auto=webp&s=413d03504eafa2b496cf99d837b6a2a1c9ba6818
TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).

TkeyNet can be a neutral utility for financial institutions and systems

A gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
https://preview.redd.it/igdiw4tjc1b51.png?width=700&format=png&auto=webp&s=3a25f8f6b74a0cebf2450d05a7bf7c675547e624
The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©
https://preview.redd.it/htf048hmc1b51.png?width=700&format=png&auto=webp&s=9be3fe4895b5bece5c7c0d72548d4724e46556a7
We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — tkeycoin.com. In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.

Why is TKEY a universal asset?

As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
https://i.redd.it/qapkdnvoc1b51.gif
For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
https://preview.redd.it/0ipx86fqc1b51.png?width=700&format=png&auto=webp&s=a406e9c0f181a5d0b1ecde347511954ba61bf433
Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.

What are the advantages for companies and developers?

First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
https://i.redd.it/31x1k7gsc1b51.gif
This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.

What are the advantages for users?

This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.

https://preview.redd.it/ol4964huc1b51.png?width=626&format=png&auto=webp&s=7fedfc9009201cb8c392be3f214f285d003c0d95
Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.

When will the long-awaited transition to TkeyNet take place?

What changes will be made to the products?

As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.

What is radically new in TkeyNet?

There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.

Timeline for switching to TkeyNet

The transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.

Listing on crypto exchanges

The liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.

Conclusion

The introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Vertextrades.com Review: 2%-3.5% each working day for 50-75 working days

Vertextrades.com is a high yield investment program which provides long term deposit plans. It started on 26th May 2020. You can get 2%-3.5% each working day for 50–75 working days, this program provides profitable rewards for promoters. I listed it into Standard listing. My first withdrawal request was already processed successfully into my PerfectMoney wallet yesterday. Now let me introduce it to you.
Started: 2020–05–26
My Deposit: $200
The amount of 200 USD has been withdrawn from your account. Accounts: U3869878->U21524869. Memo: Shopping Cart Payment. . Date: 13:10 19.06.20. Batch: 319883157.
Investment Plans
Invest $30–5000, earn 2% each working day for 75 working days and principal included
Invest $5001–10000, earn 2.25% each working day for 70 working days and principal included
Invest $10001–20000, earn 2.5% each working day for 65 working days and principal included
Invest $20001–100000, earn 3.5% each working day for 50 working days and principal included
These are all the plans Vertextrades.com provides. Since trading takes place only 5 days a week, you will receive return on investment from Monday to Friday. I think the most suitable plan is the first one for all investors, because you only need $30 to start your investment journey. Let me take an example:
if you deposit $100, then you can earn 2% daily from Monday to Friday, and you can withdrawal or reinvest the money at any time as your willings. After 75 working days, you will earn $150 totally and initial deposit included. That is to say, your net profit will be $50.
Promotional Rewards
Referral Bonus
Existing clients can earn referral bonus by introducing new clients. Vertextrades.com pays 10% referral bonus if the person whom you have referred makes a deposit. Referral bonus is paid instantly. Even the accounts that are not having active deposit are eligible to get referral bonus. The referral bonus will be credited directly to the E-wallet upon the completion of the registration and investment process of the members present down the line.
Binary Matching Bonus
Binary matching bonus will be credited only to the accounts with active deposits. Binary matching income is calculated every 24 hours. Please refer the binary chart for different binary matching slabs.
In binary plan, the new clients are placed below the introducer (referrer) to the left or right side (left or right sub-tree). The tree of a Binary Network Plan will have two legs-left and right; but if a member recruits more than two, then the additional member will be added to the next member down-line. This concept allows the additional member to be shared with down-line member (power leg) and the one who recruited them. This is referred to as spillover. With respect to profit leg, there won’t be a spillover as the profit leg will be expanded with individually sponsored downlines. The binary plan is mostly quantity oriented and not based on the levels.
If you register through my personal link, then 10% of your deposit amount will be transferred back to your personal wallet. So don’t forget to submit your RCB request from top menu section on my website, I will transfer the money to you once admin processes my withdrawal request.
Payment Options
Vertextrades.com accepts PerfectMoney, Payeer, Bitcoin, Litecoin, Ethereum, BitcoinCash. Please remember that Bitcoin Payment takes 6 Confirmation in Blockchain. After Bitcoin deposit, it might take anywhere from 1 minute to 3 hours for the funds to be credited in your Vertex Trades account.
Withdrawal Type
The withdrawal processing time after withdrawal request is 48 hours, and the minimum withdrawal amount is 10 USD. Vertextrades.com charges a total of 10% withdrawal fee while transferring the funds from Vertex Trades E- wallet to your e-currency account. However, no fee is charged for internal transfer, i.e., transfer of funds from one Vertex Trades Account Balance to another Vertex Trades Account Balance, so you can use the internal transfer instead of withdrawal function to save the 10% fee. But remember that only use this function with your trusted friends to keep your money safe.
Whois Information
Domain Registration: 2020/01/23–2023/01/23
IP Address: 192.124.249.20–1,541 other sites hosted on this server
IP Location: California — Menifee — Sucuri
ASN: AS30148 SUCURI-SEC, US (registered Feb 13, 2015)
Summary
Vertextrades.com runs its website on an original template, and it now supportes 20 languages. Like most projects, admin also registered a UK company called “VERTEX TRADES LTD”, and you can check its certificate clicking here. From its investment plan, we can know that its profit is not too high, but from its promotional rewards, we can see profitable rewards for promoters. From the picture below, we can see that there is only 8 monitors although it has already operated for 92 days, maybe admin has his own promotional methods.
If you have more questions, you can contact admin through its online chat box or the contact info I wrote below.
Contact Info
https://www.facebook.com/vertextrades
https://twitter.com/Vertextrades
https://www.youtube.com/channel/UCmMJMXI4lduhYFf6jDJtJ_w
https://t.me/vertextrades
[email protected]
Register: https://vertextrades.com/registeVT44231665/right
From: https://www.hyiper.net/blog/183.html
submitted by vipinvestor1988 to u/vipinvestor1988 [link] [comments]

Major change to NEXO tokenomics

Extract from email Nexo account holders have received.
"What Is Changing
These changes will be live and effective as of the 10th of February giving you ample time to make all arrangements and adjustments, so as to meet your personal needs and financial goals.
All interest accumulated on our platform is calculated by the state-of-the-art and fully-automated Nexo Oracle. The Oracle determines the interest and respective discount for every client’s wallet daily with no effort required of our clients."
submitted by knowbean to Nexo [link] [comments]

Proof Of Work Explained

Proof Of Work Explained
https://preview.redd.it/hl80wdx61j451.png?width=1200&format=png&auto=webp&s=c80b21c53ae45c6f7d618f097bc705a1d8aaa88f
A proof-of-work (PoW) system (or protocol, or function) is a consensus mechanism that was first invented by Cynthia Dwork and Moni Naor as presented in a 1993 journal article. In 1999, it was officially adopted in a paper by Markus Jakobsson and Ari Juels and they named it as "proof of work".
It was developed as a way to prevent denial of service attacks and other service abuse (such as spam on a network). This is the most widely used consensus algorithm being used by many cryptocurrencies such as Bitcoin and Ethereum.
How does it work?
In this method, a group of users competes against each other to find the solution to a complex mathematical puzzle. Any user who successfully finds the solution would then broadcast the block to the network for verifications. Once the users verified the solution, the block then moves to confirm the state.
The blockchain network consists of numerous sets of decentralized nodes. These nodes act as admin or miners which are responsible for adding new blocks into the blockchain. The miner instantly and randomly selects a number which is combined with the data present in the block. To find a correct solution, the miners need to select a valid random number so that the newly generated block can be added to the main chain. It pays a reward to the miner node for finding the solution.
The block then passed through a hash function to generate output which matches all input/output criteria. Once the result is found, other nodes in the network verify and validate the outcome. Every new block holds the hash of the preceding block. This forms a chain of blocks. Together, they store information within the network. Changing a block requires a new block containing the same predecessor. It is almost impossible to regenerate all successors and change their data. This protects the blockchain from tampering.
What is Hash Function?
A hash function is a function that is used to map data of any length to some fixed-size values. The result or outcome of a hash function is known as hash values, hash codes, digests, or simply hashes.
https://preview.redd.it/011tfl8c1j451.png?width=851&format=png&auto=webp&s=ca9c2adecbc0b14129a9b2eea3c2f0fd596edd29
The hash method is quite secure, any slight change in input will result in a different output, which further results in discarded by network participants. The hash function generates the same length of output data to that of input data. It is a one-way function i.e the function cannot be reversed to get the original data back. One can only perform checks to validate the output data with the original data.
Implementations
Nowadays, Proof-of-Work is been used in a lot of cryptocurrencies. But it was first implemented in Bitcoin after which it becomes so popular that it was adopted by several other cryptocurrencies. Bitcoin uses the puzzle Hashcash, the complexity of a puzzle is based upon the total power of the network. On average, it took approximately 10 min to block formation. Litecoin, a Bitcoin-based cryptocurrency is having a similar system. Ethereum also implemented this same protocol.
Types of PoW
Proof-of-work protocols can be categorized into two parts:-
· Challenge-response
This protocol creates a direct link between the requester (client) and the provider (server).
In this method, the requester needs to find the solution to a challenge that the server has given. The solution is then validated by the provider for authentication.
The provider chooses the challenge on the spot. Hence, its difficulty can be adapted to its current load. If the challenge-response protocol has a known solution or is known to exist within a bounded search space, then the work on the requester side may be bounded.
https://preview.redd.it/ij967dof1j451.png?width=737&format=png&auto=webp&s=12670c2124fc27b0f988bb4a1daa66baf99b4e27
Source-wiki
· Solution–verification
These protocols do not have any such prior link between the sender and the receiver. The client, self-imposed a problem and solve it. It then sends the solution to the server to check both the problem choice and the outcome. Like Hashcash these schemes are also based on unbounded probabilistic iterative procedures.
https://preview.redd.it/gfobj9xg1j451.png?width=740&format=png&auto=webp&s=2291fd6b87e84395f8a4364267f16f577b5f1832
Source-wiki
These two methods generally based on the following three techniques:-
CPU-bound
This technique depends upon the speed of the processor. The higher the processor power greater will be the computation.
Memory-bound
This technique utilizes the main memory accesses (either latency or bandwidth) in computation speed.
Network-bound
In this technique, the client must perform a few computations and wait to receive some tokens from remote servers.
List of proof-of-work functions
Here is a list of known proof-of-work functions:-
o Integer square root modulo a large prime
o Weaken Fiat–Shamir signatures`2
o Ong–Schnorr–Shamir signature is broken by Pollard
o Partial hash inversion
o Hash sequences
o Puzzles
o Diffie–Hellman–based puzzle
o Moderate
o Mbound
o Hokkaido
o Cuckoo Cycle
o Merkle tree-based
o Guided tour puzzle protocol
A successful attack on a blockchain network requires a lot of computational power and a lot of time to do the calculations. Proof of Work makes hacks inefficient since the cost incurred would be greater than the potential rewards for attacking the network. Miners are also incentivized not to cheat.
It is still considered as one of the most popular methods of reaching consensus in blockchains. Though it may not be the most efficient solution due to high energy extensive usage. But this is why it guarantees the security of the network.
Due to Proof of work, it is quite impossible to alter any aspect of the blockchain, since any such changes would require re-mining all those subsequent blocks. It is also difficult for a user to take control over the network computing power since the process requires high energy thus making these hash functions expensive.
submitted by RumaDas to u/RumaDas [link] [comments]

Bitcoin to USD - calculator converstion - YouTube How to Use Bitcoin Calculator Bitcoin Hack Private key on PC 2020 HOW TO USE A BITCOIN MINING CALCULATOR Online CryptoCurrency Calculator with multi-Cryptocurrencies Simple Bitcoin Converter

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Bitcoin to USD - calculator converstion - YouTube

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