Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
Which type of curren(t) do you want to see(cy)? An analysis of the intention behind bitcoin(s). Part 3
Part 1 Part 2 So I have been subbed to /bitcoin since it had less than two thousand subs but haven't posted there in years. I think I took a break from researching bitcoin to take a foray into the world of conspiracy around 2014 and only got back in to it around the beginning of 2017 but with a bit of sense of skepticism and cynicism about everything. I think I returned to /bitcoin around that time but there had been a rift that had emerged in the community between those that said that bitcoin was censoring any discussion around big blocks but then also just censorship in general. This lead to the formation of /btc which became the main spot for big blockers to gather to talk about protocol development. Following the fork of Bitcoin Cash and SegWit (BTC) in August 2017 the camps were further divided when the fence sitters were denied their SegWit2x compromise. Many from the fence sitters then deferred back to the incumbent bitcoin as citing muh network effect, liquidity, and hashpower while some who felt betrayed by the failure of getting S2X through went to support BCH for some attempt at on chain scaling rather than through pegged side chains or Lightning Network. Bitcoin cash initially went with a modest doubling of the blocksize to 2MB but implemented some other features like a new more rapidly adjusting difficulty algorithm to protect themselves against hashpower fluctuations from the majority chain. In about July of that year I had seen what I potentially thought was someone LARPing on /biz/ but screencapped, that segwit2x which was scheduled for november 2017 would be called off and then hashpower would switch to BCH causing congestion and chain death spiral on BTC and BCH would pump massively. I was partial to the idea as the game theory and incentives on a big block bitcoin should attract miners. About a month after SegWit2x was indeed called off while the BTC blockchain was hugely congested, BCH went through a violent pump reaching 0.5 BTC/BCH on a European exchange called Kraken while it also pumped ridiculously on American exchange coinbase. Shortly afterwards the market took a giant dump all over those people who bought the top and it has since retraced to roughly 30:1 or so now. After that pump though BCH kind of gained some bagholders I guess who started to learn the talking points presented by personalities like Roger Ver, Jihan Wu, Peter Rizun and Amaury Sechet. Craig S Wright by this time had been outed as Satoshi but had in 2016 publicly failed to convince the public with the cryptographic proof he provided. To which he later published the article I don't have the courage to prove I am the bitcoin creator. In essence this allowed many to disregard anything he offered to the crypto community though his company nChain was very much interested in providing the technical support to scale what he saw as the true implementation of bitcoin. Following debate around a set of planned protocol upgrades between a bitcoin node implementation by his company nChain and the developers of another client Bitcoin ABC (adjustable block cap), the two parties both dug their heels in and wouldn't compromise. As it became clear that a fork was imminent there was a lot of vitriol tossed out towards Wright, another big billionaire backer Calvin Ayre and other personalities like Roger Ver and Jihan Wu. Craig's credibility was disregarded because of his failure to provide convincing cryptographic proof but still people who wanted to pursue the protocol upgrades that nChain were planning (as it best followed their interpretation of the bitcoin white paper) pursued his variant, while others who followed the socia consensus deferred to the positions of their personalities like Wu, Ver, and Sechet but even developers from Ethereum and other protocols chimed in to convince everyone that CSW is a fraud. This was referred to as the hash war and was the first time that the bitcoin protocol had been contentiously hard forked. Hashpower is the CPU cycles you can commit to the Proof of Work function in bitcoin and the majority will generate the longest chain as they have the most proof of work. To win the contentious hard fork legitimately and make sure your chain will always be safe going forward you need to maintain your version of the blockchain with 51% of the hashpower on the network and force the other parties to continue to spend money on building a blockchain that is never going to be inserted in to the majority chain. As well as this you need to convince exchanges that you have the majority chain and have them feel safe to accept deposits and withdrawals so that they don't lose money in the chaos. This is how it would play out if both parties acted according to the rules of bitcoin and the Nakamoto Consensus. There was a lot of shit talking between the two parties on social media with Craig Wright making a number of claims such as "you split, we bankrupt you" "I don't care if there is no ability to move coins to an exchange for a year" and other such warnings not to engage in foul play.. To explain this aftermath is quite tedious so It might be better to defer to this video for the in depth analysis but basically Roger Ver had to rent hashpower that was supposed to be mining BTC from his mining farm bitcoin.com, Jihan Wu did the same from his Bitmain Mining Farm which was a violation of his fiduciary duty as the CEO of a company preparing for an IPO. In this video of a livestream during the hashwar where Andreas Brekken admits to basically colluding with exchange owners like Coinbase, Kraken (exchange Roger Ver invested in), Bitfinex and others to release a patched ABC client to the exchanges and introducing "checkpoints" in to the BCH blockchain (which he even says is arguably "centralisation") in order to prevent deep reorgs of the BCH blockchain. >"We knew we were going to win in 30 mins we had the victory because of these checkpoints that we released to a cartel of friendly businesses in a patch so then we just sat around drinking beers all day". By releasing a patched client that has code in it to prevent deep reorgs by having the client refer to a checkpoint from a block mined by someone who supported BCHABC if another group of hash power was to try to insert a new chain history, this cartel of exchanges and mining farm operators conspired in private to change the nature of the bitcoin protocol and Nakamoto Consensus. Since the fork there have been a number of other BCH clients that have come up that require funding and have their own ideas about what things to implement on the BCH chain. What began to emerge was actually not necessarily an intention of scaling bitcoin but rather to implement Schnorr signatures to obfuscate transactions and to date the ABC client still has a default blocksize of 2MB but advertised as 16MB. What this demonstrates for BCH is that through the collusion, the cartel can immediately get a favourable outcome from the developers to keep their businesses secure and from the personalities/developers to work on obfuscating records of transactions on the chain rather than scaling their protocol. After the SegWit fork, many from the BCH camp alleged that through the funding to Blockstream from AXA and groups that tied to the Bilderbergs, Blockstream would be beholden to the legacy banking and would be a spoke and hub centralised model, so naturally many of the "down with central banks anarcho capitalist types" had gathered in the BCH community. Through these sympathies it seems that people have been susceptible to being sold things like coin mixing and obfuscation with developers offering their opinions about how money needs to be anonymous to stop the evil government and central banks despite ideas like Mises’ Regression Theorem, which claims that in order for something to be money in the most proper sense, it must be traceable to an originally non-monetary barter commodity such as gold. What this suggests is that there is an underlying intent from the people that have mechanisms to exert their will upon the protocol of bitcoin and that if obfuscation is their first priority rather than working on creating a scalable platform, this demonstrates that they don't wish to actually be global money but more so something that makes it easier to move money that you don't want seen. Roger Ver has often expressed sentiments of injustice about the treatment of Silk Road found Ross Ulbricht and donated a large amount of money to a fund for his defence. I initially got in to bitcoin seeking out the Silk Road and though I only wanted to test it to buy small quantities of mdma, lsd, and mescaline back in 2011 there was all sorts of criminal activity on there like scam manuals, counterfeits, ID, Credit Card info, and other darknet markets like armoury were selling pretty crazy weapons. It has been alleged by Craig Wright that in his capacity as a digital forensics expert he was involved with tracing bitcoin that was used to fund the trafficking of 12-16 year olds on the silk road. There have been attempts at debunking such claims by saying that silk road was moderated for such stuff by Ulbricht and others, but one only has to take a look in to the premise of pizza gate to understand that there it may be possible to hide in plain site with certain code words for utilising the market services and escrow of websites like the silk road. The recent pedo bust from South Korea demonstrates the importance of being able to track bitcoin transactions and if the first thing BCH wanted to do after separating itself from Satoshi's Vision and running on developer and cartel agendas was to implement obfuscation methods, this type of criminal activity will only proliferate. Questions one must ask oneself then are things like why do they want this first? Are some of these developers, personalities and cartel businesses sitting on coins that they know are tarnished from the silk road and want to implement obfuscation practices so they can actually cash in some of the value they are unable to access? Merchants from the silk road 1 are still being caught even as recently as this year when they attempted to move coins that were known to have moved through the silk road. Chain analytics are only becoming more and more powerful and the records can never be changed under the original bitcoin protocol but with developer induced protocol changes like Schnorr signatures, and coinjoin it may be possible to start laundering these coins out in to circulation. I must admit with the cynicism I had towards government and law enforcement and my enjoying controlled substances occasionally I was sympathetic to Ross and donated to his legal fund back in the day and for many years claimed that I wouldn't pay my taxes when I wanted to cash out of bitcoin. I think many people in the space possess this same kind of mentality and subsequently can be preyed upon by people who wish to do much more in the obfuscation than dodge tax and party. Another interesting observation is that despite the fact that btc spun off as a result of censorship around big block scaling on bitcoin, that subreddit itself has engaged in plenty of censorship for basically anyone who wants to discuss the ideas presented by Dr Craig Wright on that sub. When I posted my part 2 of this series in there a week ago I was immediately met with intense negativity and ad hominems so as to discourage others from reading the submission and my post history was immediately throttled to 1 comment every 10 mins. This is not quite as bad as cryptocurrency where my post made it through the new queue to gather some upvotes and a discussion started but I was immediately banned from that sub for 7 days for reason "Content standards - you're making accusations based on no evidence just a dump of links that do nothing to justify your claims except maybe trustnodes link (which has posted fabricated information about this subreddit mods) and a Reddit post. Keep the conspiracy theories in /conspiracy" My post was also kept at zero in bitcoin and conspiracy so technically btc was the least censored besides C_S_T. In addition to the throttling I was also flagged by the u/BsvAlertBot which says whether or not a user has a questionable amount of activity in BSV subreddits and then a break down of your percentages. This was done in response to combat the "toxic trolls" of BSV but within bitcoincashSV there are many users that have migrated from what was originally supposed to be a uncensored subreddit to discuss bitcoin and many such as u/cryptacritic17 has have switched sides after having been made to essentially DOXX themselves in btc to prove that they aren't a toxic troll for raising criticisms of the way certain things are handled within that coin and development groups. Other prominent users such as u/jim-btc have been banned for impersonating another user which was in actual fact himself and he has uploaded evidence of him being in control of said account to the blockchain. Mod Log, Mod Damage Control, Mod Narrative BTFO. Interestingly in the comments on the picture uploaded to the blockchain you can see the spin to call him an SV shill when in actual fact he is just an OG bitcoiner that wanted bitcoin to scale as per the whitepaper. What is essentially going on in the Bitcoin space is that there is a battle of the protocols and a battle for social consensus. The incumbent BTC has majority of the attention and awareness as it is being backed by legacy banking and finance with In-Q-Tel and AXA funding blockstream as well as Epstein associates and MIT, but in the power vaccum that presented itself as to who would steward the big block variant, a posse of cryptoanarchists have gained control of the social media forums and attempted to exert their will upon what should essentially be a Set In Stone Protocol to create something that facilitates their economic activity (such as selling explosives online)) while attempting to leverage their position as moderators who control the social forum to spin their actions as something different (note memorydealers is Roger Ver). For all his tears for the children killed in wars, it seems that what cryptoanarchists such as u/memorydealers want is to delist/shut down governments and they will go to any efforts such as censorship to make sure that it is their implementation of bitcoin that will do that. Are we really going to have a better world with people easier able to hide transactions/launder money? Because of this power vacuum there also exists a number of different development groups but what is emerging now is that they are struggling for money to fund their development. The main engineering is done by self professed benevolent dictator Amaury Sechet (deadalnix) who in leaked telegram screen caps appears to be losing it as funding for development has dried up and money raised in an anarchist fashion wasn't compliant with laws around fundraising sources and FVNI (development society that manages BCH development and these donations) is run by known scammer David R Allen. David was founder of 2014 Israeli ICO Getgems (GEMZ) that scammed investors out of more than 2500 Bitcoins. The SV supported sky-lark who released this information has since deleted all their accounts but other users have claimed that sky-lark was sent personal details about themselves and pictures of their loved ones and subsequently deleted all their social media accounts afterwards. There are other shifty behaviours like hiring Japanese influencers to shill their coin, recruiting a Hayden Otto that up until 2018 was shilling Pascal Coin to become a major ambassador for BCH in the Australian city of Townsville. Townsville was claimed to be BCH city hosting a BCH conference there and claiming loads of adoption, but at the conference itself their idea of demonstrating adoption was handing a Point of Sale device to the bar to accept bitcoin payments but Otto actually just putting his credit card behind the bar to settle and he would keep the BCH that everyone paid. In the lead up to the conference the second top moderator of btc was added to the moderators of townsville to shill their coin but has ended up with the townsville subreddit wanting to ban all bitcoin talk from the subreddit. Many of the BCH developers are now infighting as funding dries up and they find themselves floundering with no vision of how to achieve scale or get actual real world adoption. Amaury has recently accused Peter Rizun of propagandising, told multiple users in the telegram to fuck off and from all accounts appears to be a malignant narcissist incapable of maintaining any kind of healthy relationship with people he is supposed to be working with. Peter Rizun has begun lurking in bitcoincashSV and recognising some of the ideas coming from BSV as having merit while Roger has started to distance himself from the creation of BCH. Interestingly at a point early in the BCH history Roger believed Dr Craig Wright was Satoshi, but once CSW wouldn't go along with their planned road map and revealed the fact he had patents on blockchain technology and wanted to go down a path that worked with Law, Roger retracted that statement and said he was tricked by Craig. He joined in on the faketoshi campaign and has been attempted to be sued by Dr Wright for libel in the UK to which Roger refused to engage citing grounds of jurisdiction. Ironically this avoidance of Roger to meet Dr Wright in court to defend his claims can be seen as the very argument against justice being served by private courts under an anarchocapitalist paradigm with essentially someone with resources simply being able to either flee a private court's jurisdiction or engage a team of lawyers that can bury any chances of an everyday person being able to get justice. There is much more going on with the BCH drama that can be explained in a single post but it is clear that some of the major personalities in the project are very much interested in having their ideals projected on to the technical implementation of the bitcoin protocol and have no qualms spouting rhetoric around the anti-censorship qualities of bitcoin/BCH while at the same time employing significant censorship on their social media forums to control what people are exposed to and getting rid of anyone who challenges their vision. I posit that were this coin to become a success, these "benevolent dictators" as they put it would love their new found positions of wealth/dominance yet if their behaviour to get there is anything to go by, would demonstrate the same power tripping practices of censorship, weasel acts, misleading people about adoption statistics and curating of the narrative. When the hashrate from Rogers bitcoin.com minging operation on BCH dropped dramatically and a lot of empty blocks were being mined, his employer and 2IC moderator u/BitcoinXio (who stepped in to replace roger as CEO) was in the sub informing everyone it was simply variance that was the reason when only a few days later it was revealed that they had reduced their hash power significantly. This is not appropriate behaviour for one of the primary enterprises engaged in stewarding BCH and encouraging adoption nor is the inability to be accountable for such dishonest practices as well. It seems bitcoin.com treats btc as their own personal spam page where Roger can ask for donations despite it being against the sub rules and spin/ban any challenge to the narrative they seek to create. Let's see how the censorship goes as I post this around a few of the same places as the last piece. Stay tuned for the next write up where I take a deep dive in to the coin that everyone doesn't want you to know about.
Idle-Empire - Earn PayPal, Gift Cards & More | An extensive overview
This is a full overview about Idle-Empire, a GPT (Get-Paid-To) site that's been around since 2015. Idle-Empire is primarily targeted towards gamers, but they also have payouts through PayPal, Gift Cards, Cryptocurrencies, and Perfect Money - so I think it's a good fit for beermoney too! Idle-Empire has a lot of different earning and payout methods, some that you won't find on regular GPT sites. I'll go over every earning and payout method in this post.
You get 500 Points ($0.05) for free when you sign up through my referral link, and of course, you support me too. I'll also include a clean link for people who prefer not to use my referral link:
As far as I'm aware, there are no country restrictions on Idle-Empire. Everyone can sign up. There are some earning methods where your country does not matter, for others it does matter. People from all countries are able to idle, mine, complete promotions, and collect referrals. The availability of surveys, offers, and videos depend on your country.
Idle-Empire uses the term "Points" for their virtual currency. 10,000 Points are worth $1.00.
The minimum payout amount is $0.10 for most payout methods. Some payout methods like gift cards ($1.00 - $10.00) or PayPal ($2.50) have a higher minimum payout amount. You'll need to verify your account before you can make your first payout. You can verify your account with your mobile phone number, a verification code will be sent to your phone number.
In this section, I'll describe all available earning methods and add my personal opinion and experience about every method.
Surveys & Offers
I guess everybody here is familiar with the concept of surveys and offers. They are tasks that involve answering questions, downloading programs and mobile apps, registering on platforms, and much more. It's a grind but it can pay off since there are some offers that pay good money. Idle-Empire has a number of different offerwalls, here's a full list:
Personally, I like doing surveys and offers because they pay well. But it's also more work than other earning methods. No pain, no gain.
Idle-Empire has videos from EngageMe.TV, Smores.TV, and Hideout.TV. I believe many of you guys are familiar with those 3 providers, they are all owned by AdscendMedia. All you have to do is watch videos and sometimes there's gonna be an advertisement in between videos, and after every 3 ads, you get paid 50 Points. I liked to do videos in the past because it was easy and fast. Now I do it less, I feel that it became slower because I get fewer ads than before.
You have to join the Team Fortress 2 game servers of Idle-Empire and every minute you receive 1 Point. That's 1440 Points per day, which is $0.144 per day or $4.32 per month. It's not much but you don't have to do anything for it except being on the server. This process is called "idling" because you don't do anything. Idle-Empire shows video ads on the servers, so I guess that's how they can afford to pay people for being on the servers. Team Fortress 2 is free-to-play on Steam, so everyone can just install it. Idle-Empire also has an Autojoin tool which makes sure you automatically get reconnect to the server in case of a disconnected (can happen if your internet is down for a moment). I'm usually on the game servers 24/7 because it's free money for me - my computer is always running anyways and having the game run in the background doesn't bother me since it's not slowing down my computer.
Most people will have noticed the cryptocurrency craze during 2017 and 2018, where mining also played an important role. Idle-Empire has its own cryptocurrency miner and you get paid for running it on your computer. The average hashrate is currently 261 hashes per second. There's a calculator on the Idle-Empire website and it says that you earn 32,451 Points per month with that hashrate - that's $3.24. Note that this is just the current average, you might earn less or more depending on the GPU and CPU you have. The issue with mining is that it takes your computer a lot of its CPU/GPU power, so you won't be able to use it for other stuff in the meantime. Your computer will also consume more electricity. I believe mining isn't worth it for most people anymore unless you don't pay for electricity. I've used mining about 10 months ago or so and it was much more profitable at the time, I was making $0.80 - $0.90 per day. Haven't done it since the profitability went down, I think for most people it's only worth it now if you have free electricity.
Idle-Empire has a simple referral system - you earn 20% of what your referrals earn through surveys/offers, servers, and mining. Here are the terms:
The referred user must be new to Idle-Empire
You earn 20% of all Points that the referred user earns through surveys/offers, servers, and mining
You earn 50 Points for every new referred user
The referred user earns 500 Points when signing up through your referral link
20% is pretty nice and I believe it can be a good passive income if you get active referrals.
Promotions are basically offers from Idle-Empire. Most promotions are simple to complete. There are some promotions that you can do on a daily basis just by pressing a button, that's pretty good. Also, I think it's worth to complete all the tasks that just require a few button clicks like verifying your email or following them on social media. Here's a full list of all promotions:
Verify your email address (50 Points)
Connect a social media account to your Idle-Empire account (50 Points per account)
Follow Social Media
Join the Idle-Empire Steam group (100 Points)
Follow Idle-Empire on Twitter (100 Points)
Join the Idle-Empire Discord server (100 Points)
Include Idle-Empire in your Steam name (50 Points per day)
Change your Steam avatar to the Idle-Empire avatar (50 Points per day)
Roll a daily dice on the Idle-Empire Discord server (10 to 1,000 Points per day)
Invite people to the Idle-Empire Steam group (10 Points per user)
Invite people to the Idle-Empire Discord server (30 Points per user)
Create a YouTube video about Idle-Empire (5,000 Points)
Create a forum post about Idle-Empire (2,000 Points)
Create a blog post about Idle-Empire (10,000 Points)
In this section, I'll quickly summarize the available payout methods.
I'm sure everyone is familiar with PayPal. Idle-Empire sends USD to your PayPal account. There's a fee of $0.30 + 2.9%.
They currently offer gift cards for the following platforms:
League of Legends
Idle-Empire has cryptocurrency payouts through Coinbase. The coins will be sent to your Coinbase account with zero fees. These currencies are supported:
Perfect Money might be an alternative to PayPal for some people, especially when PayPal isn't available in your country. Perfect Money funds can be converted to Bitcoin, Skrill, Neteller, Payeer, Payoneer, and many others. Idle-Empire sends USD to your Perfect Money account.
BitSkins is a marketplace for Steam items, mainly for CS:GO and TF2 skins but many other games are supported too. Idle-Empire sends USD balance to your BitSkins account.
OPSkins is a marketplace for virtual and physical items. Idle-Empire sends Operation Points to your OPSkins account.
CSGOShop is a marketplace similar to BitSkins but apparently, it has fewer users and supports fewer games. Idle-Empire sends USD balance to your CSGOShop account.
KeyJoker seems to be a website where you can buy cheap indie Steam games. Idle-Empire sends credits to your KeyJoker account.
Idle-Empire has "Boosters" that are randomly created on weekends (Saturday and Sunday). Boosters temporarily increase the earnings for one earning method, the boost can range from 1% to 100% and lasts a few hours. I've seen boosters for surveys/offers, videos, mining, and the game servers.
Idle-Empire can be a good alternative to traditional GPT sites for many users, especially since it doesn't have any country restrictions. It has some unconventional earning methods like idling, mining, and some promotions but you'll also find the usual surveys, offers, and videos. Idle-Empire has many different offer walls, so that's nice if you like to grind. The payout methods are primarily targeted towards gamers but they also have payouts through PayPal, Gift Cards, Cryptocurrencies, and Perfect Money. So I guess there's something for everybody. The boosters on weekends are a good opportunity to complete some high paying offers and get a nice bonus on top. Coupons are also regularly posted on Twitter and the other social media channels and they can be redeemed in just a few seconds, so that's fast and easy. I hope this extensive overview was helpful to some people! :)
I literally have tens of thousands of dollars in top-shelf hardware, looking to repurpose some before selling on eBay to build a NAS system, possibly a dedicated firewall device as well. o_O
Q1) What will you be doing with this PC? Be as specific as possible, and include specific games or programs you will be using.** A1) This will be a dedicated NAS system for my home network. As such, I'm looking to have it: - Host ##TB's of 720, 1080 & up resolution Movies and TV Shows I'm about to begin ripping from a MASSIVE DVD & Blueray collection I have. - My kids are big on Minecraft. I understand it's possible to host your own "worlds" (or whatever they call the maps you can build) on your own "server". I think it would be pretty neat to offer them (& their friends - if can be done 'safely/securely') their own partition on one of my NAS HDD's. - I also have accounts with a couple diff VPN companies... I understand it's possible (?) to sync said VPN's with a NAS, this might be a more relative topic on the next point/purpose... - I'd like to be able to remotely link to this NAS for when I travel overseas and want to stream at my temp location from my house/this NAS. ______________________ Q2) What is your maximum budget before rebates/shipping/taxes?** * A2) Here's where I make matters more complicated than most others would... I've been an advocate for Bitcoin and crypto-currencies in general since 2013. I invested in a small mining outfit back in 2014 (strictly Bitcoin/ASIC's). One of my buddies is the President of a large-scale mining operation (foreign and domestic) and he convinced me to dabble in the GPU mining-space. I made my first hardware purchase in Q4, 2017 and launched a small-scale GPU-Farm in my house since then. I had the rigs mining up until Q3 of 2018 (not cost-efficient to keep on, especially living in SoFlo) and since then, the hardware's been collecting dust (& pissing off my family members since they lost access to 3X rooms in the house - I won't let anyone go near my gear). One of my New Years Resolutions for 2019 was to clear out the house of all my mining equipment so that's all about to go up on eBay. So "budget" is relative to whatever I "MUST" spend if I can't repurpose any of the parts I already have on hand for this build... (Anyone having something I "need" and is looking to barter for one of the items I'll list later on in here, LMK). ______________________ Q3) When do you plan on building/buying the PC? Note: beyond a week or two from today means any build you receive will be out of date when you want to buy.** A3) IMMEDIATELY! :) ______________________ Q4) What, exactly, do you need included in the budget? (ToweOS/monitokeyboard/mouse/etc\)** A4) Well I had a half-assed idea approximately 1 year ago that it might be wise to build a bunch of 'gaming rigs' to sell on eBay with my intended repurposed mining hardware so I went on a shopping spree for like 6 months. That said; I've got a plethora of various other components that aren't even unboxed yet. 90% of the items I've purchased for this additional project were items that were marked down via MIR (mail-in-rebates) & what-not...
AFAIK, there are only 3X items I absolutely do not have which I 'MUST' find. Those would be - 1) Motherboard which accepts "ECC RAM". 2) CPU for said MOBO. 3) Said "ECC RAM".\*
______________________ Q5) Which country (and state/province) will you be purchasing the parts in? If you're in US, do you have access to a Microcenter location?** A5) I'm located in Southwest Florida. No Microcenter's here. Best Buy is pretty much my only option although I am a member of Newegg, Amazon & Costco if that makes any difference? ______________________ Q6) If reusing any parts (including monitor(s)/keyboard/mouse/etc), what parts will you be reusing? Brands and models are appreciated.** A6) In an attempt to better clean up this Q&A, I'm going to list the items I have on-hand at the end of this questionnaire in-case passers-by feel like this might be a TLDR.* (Scroll to the bottom & you'll see what I mean). ______________________ Q7) Will you be overclocking? If yes, are you interested in overclocking right away, or down the line? CPU and/or GPU?** A7) I don't think that's necessary for my intended purpose although - I'm not against it if that helps & FWIW, I'm pretty skilled @ this task already (it's not rocket science). ______________________ Q8) Are there any specific features or items you want/need in the build? (ex: SSD, large amount of storage or a RAID setup, CUDA or OpenCL support, etc)** A8) As stated in A4; ECC RAM is non-negotiable... RAID seems like a logical application here as well. - This will predominantly be receiving commands from MacOS computers. I don't think that matters really but figured it couldn't hurt to let you guys know.\* - I'd also be quite fond of implementing "PFSENSE" (or something of that caliber) applied to this system so I could give my Netgear Nighthawks less stress in that arena, plus my limited understanding of PFSENSE is that it's ability to act as a firewall runs circles around anything that comes with consumer-grade Wi-Fi routers (like my Nighthawks). Just the same, I'm open to building a second rig just for the firewall.\* - Another desirable feature would be that it draws as little electricity from the wall as possible. (I'm EXTREMELY skilled in this arena. I have "Kill-A-Watts" to test/gauge on, as well as an intimate understanding of the differences between Silver, Gold, Platinum and Titanium rated PSU's. As well as having already measured each of the PSU's I have on-hand and taken note of the 'target TDP draw' ("Peak Power Efficiency Draw") each one offers when primed with X amount of GPU's when I used them for their original purpose.\* - Last, but not least, sound (as in noise created from the rig). I'd like to prop this device up on my entertainment center in the living room. I've (almost) all of the top-shelf consumer grade products one could dream of regarding fans and other thermal-related artifacts. - Almost forgot; this will be hosting to devices on the KODI platform (unless you guys have better alternative suggestions?) ______________________ Q9) Do you have any specific case preferences (Size like ITX/microATX/mid-towefull-tower, styles, colors, window or not, LED lighting, etc), or a particular color theme preference for the components?** A9) Definitely! Desired theme would be WHITE. If that doesn't work for whatever reason, black or gray would suffice. Regarding "Case Size". Nah, that's not too important although I don't foresee a mini-ITX build making sense if I'm going to be cramming double digit amounts of TB in the system, Internal HDD's sounds better than a bunch of externals plugged in all the USB ports. ______________________ Q10) Do you need a copy of Windows included in the budget? If you do need one included, do you have a preference?** A10) I don't know. If I do need a copy of Windows, I don't have one so that's something I'll have to consider I guess. I doubt that's a necessity though. ______________________ ______________________ ______________________ **Extra info or particulars:*\* AND NOW TO THE FUN-STUFF... Here's a list of everything (PARTS PARTS PARTS) I have on-hand and ready to deploy into the wild &/or negotiate a trade/barter with: CASES - Corsair Carbide Series Air 540 Arctic White (Model# Crypto-Currency-9011048-WW) - (Probably my top pick for this build). Cooler Master HAF XB EVO (This is probably my top 1st or 2nd pick for this build, the thing is a monster!). Cooler Master Elite 130 - Mini ITX - Black Cooler Master MasterBox 5 MID-Tower - Black & White Raidmax Sigma-TWS - ATX - White MasterBox Lite 5 - ATX - Black w/ diff. Colored accent attachments (included with purchase) NZXT S340 Elite Matte White Steel/Tempered Glass Edition EVGA DG-76 Alpine White - Mid Tower w/ window EVGA DG-73 Black - Mid Tower w/ window (I have like 3 of these) ______________________ CPU's - ***7TH GEN OR BELOW INTEL's ("Code Name Class mentioned next to each one)**\* Pentium G4400 (Skylake @54W TDP) - Intel ARK states is "ECC CAPABLE" Celeron G3930 (Kaby Lake @ 51W TDP) - Intel ARK states is "ECC CAPABLE" :) i5 6402P (Skylake @65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( i5 6600k (Skylake @ 91W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( i7 6700 (Skylake @ 65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( i7 7700k (Kaby Lake @ 95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( ***8TH GEN INTEL's **\* i3-8350K (Coffee Lake @91W TDP) - Intel ARK states is "ECC FRIENDLY" :) I5-8600K (Coffee Lake @95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( ***AMD RYZEN's **\* Ryzen 3 2200G Ryzen 5 1600 Ryzen 7 1700X ______________________ MOTHERBOARDS - ***7TH GEN AND BELOW INTEL BASED MOBO'S - **\* MSI Z170A-SLI ASUS PRIME Z270-A ASUS PRIME Z270-P ASUS PRIME Z270-K EVGA Z270 Stinger GIGABYTE GA-Z270XP-SLI MSI B150M ARCTIC MSI B250M MICRO ATX (PRO OPT. BOOST EDITION) ***8TH GEN INTEL BASED MOBO'S - **\* EVGA Z370 FTW GIGABYTE Z370XP SLI (Rev. 1.0) MSI Z370 SLI PLUS ***AMD RYZEN BASED MOBO'S - **\* ASUS ROG STRIX B350-F GAMING MSI B350 TOMAHAWK MSI X370 GAMING PRO ASROCK AB350M PRO4 ______________________ RAM - Way too many to list, nothing but 4 & 8GB DDR4 sticks and unfortunately, none are ECC so it's not even worth mentioning/listing these unless someone reading this is willing to barter. At which time I'd be obliged to send an itemized list or see if I have what they're/you're specifically looking for.\* ______________________ THERMAL APPLICATIONS/FANS - JUST FANS - BeQuiet - Pure Wings 2 (80mm) Pure Wings 2 (120mm) Pure Wings 2 (140mm) Silent Wings 3 PWM (120mm) NOCTUA - PoopBrown - NF-A20 PWM (200mm) Specifically for the BIG "CoolerMaster HAF XB EVO" Case GREY - NF-P12 Redux - 1700RPM (120mm) PWM Corsair - Air Series AF120LED (120mm) CPU COOLING SYSTEMS - NOCTUA - NT-HH 1.4ml Thermal Compound NH-D15 6 Heatpipe system (this thing is the tits) EVGA (Extremely crappy coding in the software here, I'm like 99.99% these will be problematic if I were to try and use in any OS outside of Windows, because they barely ever work in the intended Windows as it is). CLC 240 (240mm Water-cooled system CRYORIG - Cryorig C7 Cu (Low-Profile Copper Edition*) A few other oversized CPU cooling systems I forget off the top of my head but a CPU cooler is a CPU cooler after comparing to the previous 3 models I mentioned. I almost exclusively am using these amazing "Innovation Cooling Graphite Thermal Pads" as an alternative to thermal paste for my CPU's. They're not cheap but they literally last forever. NZXT - Sentry Mesh Fan Controller ______________________ POWER SUPPLIES (PSU's) - BeQuiet 550W Straight Power 11 (GOLD) EVGA - 750P2 (750W, Platinum) 850P2 (850W, Platinum) 750T2 (750W, TITANIUM - yeah baby, yeah) ROSEWILL - Quark 750W Platinum Quark 650W Platinum SEASONIC - Focus 750W Platinum ______________________ STORAGE - HGST Ultrastar 3TB - 64mb Cache - 7200RPM Sata III (3.5) 4X Samsung 860 EVO 500GB SSD's 2X Team Group L5 LITE 3D 2.5" SSD's 480GB 2X WD 10TB Essential EXT (I'm cool with shucking) + 6X various other external HDD's (from 4-8TB) - (Seagate, WD & G-Drives) ______________________ Other accessories worth mentioning - PCI-E to 4X USB hub-adapter (I have a dozen or so of these - might not be sufficient enough &/or needed but again, 'worth mentioning' in case I somehow ever run out of SATA & USB ports and have extra external USB HDD's. Although, I'm sure there would be better suited components if I get to that point that probably won't cost all that much). ______________________ ______________________ ______________________ Needless to say, I have at least 1X of everything mentioned above. In most all cases, I have multiples of these items but obviously won't be needing 2X CPU's, Cases, etc... Naturally, I have GPU's. Specifically; At least 1X of every. Single. NVIDIA GTX 1070 TI (Yes, I have every variation of the 1070 ti made by MSI, EVGA and Zotac. The only brand I don't have is the Gigabyte line. My partners have terrible experience with those so I didn't even bother. I'm clearly not going to be needing a GPU for this build but again, I'm cool with discussing the idea of a barter if anyone reading this is in the market for one. I also have some GTX 1080 TI's but those are already spoken for, sorry. It's my understanding that select CPU's I have on this list are ECC Friendly and AFAIK, only 1 of my MOBO's claims to be ECC Friendly (The ASROCK AB350M PRO4), but for the life of me, I can't find any corresponding forums that confirm this and/or direct me to a listing where I can buy compatible RAM. Just the same, if I go w/ the ASROCK MOBO, that means I'd be using one of the Ryzens. Those are DEF. power hungry little buggers. Not a deal-breaker, just hoping to find something a little more conservative in terms of TDP. In closing, I don't really need someone to hold my hand with the build part as much as figuring out which motherboard, CPU and RAM to get. Then I'm DEFINITELY going to need some guidance on what OS is best for my desired purpose. If building 2X Rigs makes sense, I'm totally open to that as well... Rig 1 = EPIC NAS SYSTEM Rig 2 = EPIC PFSENSE (or the like) DEDICATED FIREWALL Oh, I almost forgot... The current routers I'm using are... 1X Netgear Nighthawk 6900P (Modem + Router) 1X Netgear Nighthawk X6S (AC 4000 I believe - Router dedicated towards my personal devices - no IoT &/or Guests allowed on this one) 1X TP-Link Archer C5 (Router). Total overkill after implementing the Nighthawks but this old beast somehow has the best range, plus it has 2X USB ports so for now, it's dedicated towards my IoT devices. ---- I also have a few other Wi-Fi routers (Apple Airport Extreme & some inferior Netgear's but I can only allocate so many WiFi Routers to so many WiFi channels w/out pissing off my neighbors) On that note, I have managed to convince my neighbors to let me in their house/WiFi configuration so we all have our hardware locked on specific, non-competing frequencies/channels so everyone's happy. :) Please spare me the insults as I insulted myself throughout this entire venture. Part of why I did this was because when I was a kid, I used to fantasize about building a 'DREAM PC' but could never afford such. To compensate for this deficiency, I would actually print out the latest and greatest hardware components on a word document, print the lists up & tape to wall (for motivation). I was C++ certified at the age of 14 and built my first PC when I was 7. At the age of 15 I abandoned all hope in the sector and moved on to other aspirations. This entire ordeal was largely based off me finally fulfilling a childhood fantasy. On that note = mission accomplished. Now if I'm actually able to fulfill my desires on this post, I'm definitely going to feel less shitty about blowing so much money on all this stuff over the last couple years. TIA for assisting in any way possible. Gotta love the internets! THE END. :) EDIT/UPDATE (5 hours after OP) - My inbox is being inundated with various people asking for prices and other reasonable questions about my hardware being up for sale. Not to be redundant but rather to expound on my previous remarks about 'being interested in a bartetrade' with any of you here... I did say I was going to sell my gear on eBay in the near future, I also said I wanted to trade/barter for anything relative to helping me accomplish my OP's mission(s). I'm not desperate for the $$$ but I'm also not one of those people that likes to rip other people off. That said; I value my time and money invested in this hardware and I'm only willing to unload it all once I've established I have ZERO need for any of it here in my home first. Hence my writing this lengthy thread in an attempt to repurpose at least a grand or two I've already spent. One of the most commonly asked questions I anticipate receiving from interested bodies is going to be "How hard were you on your hardware?" Contrary to what anyone else would have probably done in my scenario which is say they were light on it whether they were or weren't, I documented my handling of the hardware, and have no problem sharing such documentation with verified, interested buyers (WHEN THE TIME COMES) to offer you guys peace of mind. I have photo's and video's of the venture from A-Z. I am also obliged to provide (redacted) electricity bill statements where you can correlate my photo's (power draw on each rig), and also accurately deduct the excess power my house consumed with our other household appliances. Even taking into consideration how much (more) I spent in electricity from keeping my house at a constant, cool 70-72F year-round (via my Nest thermostat). Even without the rigs, I keep my AC @ 70 when I'm home and for the last 1.5-2 years, I just so happened to spend 85% of my time here at my house. When I would travel, I'd keep it at 72 for my wife & kids. Additionally; I had each GPU 'custom' oveunderclocke'd (MSI Afterburner for all GPU's but the EVGA's).* I doubt everyone reading this is aware so this is for those that don't.... EVGA had the brilliant idea of implementing what they call "ICX technology" in their latest NVIDIA GTX GPU's. The short(est) explanation of this "feature" goes as follows: EVGA GPU's w/ "ICX 9 & above" have EXTRA HEAT/THERMAL SENSORS. Unlike every other GTX 1070 ti on the market, the one's with this feature actually have each of 2/2 on-board fans connected to individual thermal sensors. Which means - if you were to use the MSI Afterburner program on one of these EVGA's and create a custom fan curve for it, you'd only be able to get 1/2 of the fans to function the way intended. The other fan simply would not engage as the MSI Afterburner software wasn't designed/coded to recognize/ communicate with an added sensor (let alone sensor'S). This, in-turn, would likely result in whoever's using it the unintended way having a GPU defect on them within the first few months I'd imagine... Perhaps if they had the TDP power settings dumbed down as much as I did (60-63%), they might get a year or two out of it since it wouldn't run as near as hot, but I doubt any longer than that since cutting off 50% of the cooling system on one of these can't be ignored too long, surely capacitors would start to blow and who knows what else... (Warning = RANT) Another interesting side-note about the EVGA's and their "Precision-X" OveUnderclocking software is that it's designed to only recognize 4X GPU's on a single system. For miners, that's just not cool. My favorite builds had 8X and for the motherboards that weren't capable of maintaining stable sessions on 8, I set up with 6X. Only my EVGA Rigs had 3 or 4X GPU's dedicated to a single motherboard. Furthermore, and as stated in an earlier paragraph, (& this is just my opinion) = EVGA SOFTWARE SUCKS! Precision X wasn't friendly with every motherboard/CPU I threw at it and their extension software for the CLC Close-Loop-Cooling/ CPU water-coolers simply didn't work on anything, even integrating into their own Precision-X software. The amount of time it took me to finally find compatible matches with that stuff was beyond maddening. (END RANT). Which leads me to my other comments on the matter. That's what I had every single 1070 ti set at for TDP = 60-63%. Dropping the power load that much allowed me to bring down (on average) each 1070 ti to a constant 110-115W (mind you, this is only possible w/ "Titanium" rated PSU's, Platinum comes pretty damn close to the Titanium though) while mining Ethereum and was still able to maintain a bottom of 30 MH/s and a ceiling of 32 MH/s. Increasing the TDP to 80, 90, 100% or more only increased my hashrates (yields) negligibly, like 35-36 MH/s TOPS, which also meant each one was not only pulling 160-180W+ (Vs. the aforementioned 115'ish range), it also meant my rigs were creating a significantly greater amount of heat! Fortunately for the GPU's and my own personal habits, I live in South Florida where it's hot as balls typically, last winter was nothing like this one. Increasing my yields by 10-15% didn't justify increasing the heat production in my house by >30%, nor the added electricity costs from subjecting my AC handlers to that much of an extra work-load. For anyone reading this that doesn't know/understand what I'm talking about - after spending no less than 2-3 hours with each. and. every. one. I didn't play with the settings on just one and universally apply the settings to the rest. I found the 'prime' settings and documented them with a label-maker and notepad. Here's the math in a more transparent manner: *** I NEVER LET MY GPU's BREACH 61C, EVER. Only my 8X GPU rigs saw 60-61 & it was the ones I had in the center of the build (naturally). I have REALLY high power fans (used on BTC ASIC MINERS) that were sucking air from those GPU's which was the only way I was able to obtain such stellar results while mining with them. **\* Mining at "acceptable" heat temps (not acceptable to me, but most of the internet would disagree = 70C) and overclocking accordingly brings in X amount of yields per unit. = 'Tweaking' (underclocking) the GPU's to my parameters reduced my yield per unit from -10-15%, but it SAVED me well over 30-35% in direct electricity consumption, and an unknown amount of passive electricity consumption via creating approximately 20%+ less heat for my AC handler to combat. I say all this extra stuff not just for anyone interested in mining with their GPU's, but really to answer (in-depth) the apparent questions you people are asking me in PM's. Something else that should help justify my claims of being so conservative should be the fact I only have/used "Platinum and Titanium" rated PSU's. Heat production, power efficiency and longevity of the hardware were ALWAYS my top priority.* . I truly thought Crypto would continue to gain and/or recover and bounce back faster than it did. If this project had maintained positive income for 12 months+, I'd have expanded one of our sites to also cater to GPU mining on a gnarly scale. Once I have my NAS (& possibly 2nd rig for the firewall) successfully built, I'll be willing/able to entertain selling you guys some/all of the remaining hardware prior to launching on eBay. If there's something you're specifically looking for that I listed having, feel free to PM me with that/those specific item(s). Don't count on an immediate response but what you can count on is me honoring my word in offering whoever asks first right of refusal when the time comes for me to sell this stuff. Fortunately for me, PM's are time-stamped so that's how I'll gauge everyone's place in line. I hope this extra edit answers most of the questions you guys wanted to have answered and if not, sorry I guess. I'll do my best to bring light to anything I've missed out on after I realize whatever that error was/is. The only way anyone is getting first dibs on my hardware otherwise is if they either offer compelling insight into my original questions, or have something I need to trade w/. THE END (Round#2)
Sup-sup Monteros! Here is report from XMR.RU-team! The whole XMR.RU team is thankful to you for your support and donations that help to disseminate relevant information about Monero. The following articles were translated into Russian and posted not only on XMR.RU but also on Bitcointalk, Forum.Bits.Media, Golos.io, Steemit, Medium and Facebook:
--- I also want to remind you about the wonderful channel of our wonderful u/v1docq47 where you can watch video news about Monero https://www.youtube.com/channel/UChZc5PLsbP5zeFrmOYMKGmA/videos Few of you understand Russian, but I think it is not difficult to subscribe to the channel and put a couple of likes, and this will help to spread Monero among Russian-speaking users in the future. --- Who we are? Group of Monero enthusiasts from Ukraine and Russia. What are we doing? We spread the word about Monero for the whole CIS. You can support us, so we can translate more interesting stuff about Monero. XMR: 42CxJrG1Q8HT9XiXJ1Cim4Sz18rM95UucEBeZ3x6YuLQUwTn6UWo9ozeA7jv13v8H1FvQn9dgw1Gw2VMUqdvVN1T9izzGEt BTC: 1FeetSJ7LFZeC328FqPqYTfUY4LEesZ5ku --- Here you can see for what all donations are spent on. ;-) Cheers!
Regarding Threads on Bitmain and ASIC Resistance (Mega Thread!)
Guys, Let’s take a minute to talk about what’s going on. We need to make sure all users are on the same page and the falsifications and assumptions stop. I'm with you, and I understand that you feel betrayed. However, cleaning up after the constant bickering for those pro-fork and those anti-fork is growing tiresome. It's time we have a civil discussion and talk about facts.
Timeline of events
On 03/31/2018, a user from Ethfans.org posted a video on Telegram of a supposed Ethash ASIC. The video made its way to /Etherminingin a thread. It is important to mention that these values can be modified by changing “get_miner_status.cgi” and “minerStatus.cgi” and that there has been no credible evidence that has popped up in the nine days following the release of the supposed leak. Additionally, the following abnormalities should be noted:
The prefix “F” (e.g.: “F3”) falls outside of Bitmain’s typical naming convention. Historically, any Bitmain ASIC will have a family identification (e.g.: “S”), followed by a release generation. For example, the SHA257 miner is “S5/S7/S9”, the Scrypt miner is “L3/L3+”, etc… It is very unlikely that Bitmain has decided to use “F” as the prefix in addition to “E”.
The label is off-kilter with typical Bitmain quality. It is of asymmetrical quality when compared to the existing labels of on other Antminers
Also on 3/31/2018, a user on Russian site Bits.media noticed that the pre-order for the Bitmain E3 was already up. It was believed to be an April fools joke; needless to say, it wasn’t. On 04/02/2018, Bitmain launched the E3 and began taking pre-orders for a June delivery. At that time, the price was $800 and promised a hashing power of 180MH/s at 800 watts. On 04/06/2018, Ethereum core developers decided against hard-forking Ethereum at this time, as they weren't convinced that it would positively impact the community given a hard-fork's disruption and the unknown of how the ASIC worked (specifically if it was programmable). The community became upset over broken promises of ASIC resistance, and this has since spread to a full out finger pointing of who is wrong. On 04/08/2018, an apparently forged photo showed up showing a higher-hashing ASIC with far less power consumption. This is not only very unlikely, but the link in the photo was gibberish, whereas the E3's link was valid. We're writing that one up as FUD.
The "ASIC Resistance" Argument
At this point, I think that it’s I think it's important that we visit some key points of the Ethereum project. A lot of people have been quoting the whitepaper, calling ETH ASIC-proof and implying that the developers do not care about the problem. In actuality, Ethereum never promised that it would be ASIC-proof, merely that it would provide an economic incentive to be resistant to the development of an ASIC. I'd like to produce a quote from the Ethereum Wiki, found here.
Ultimately, perfect ASIC resistance is impossible; there are always portions of circuits that are going to be unused by any specific algorithm and that can be trimmed to cut costs in a specialized device. However, what we are looking for is not perfect ASIC resistance but rather economic ASIC resistance.
The problem is that measuring an economy in a secure way is a difficult problem. The most obvious metric that the system has access to is mining difficulty, but mining difficulty also goes up with Moore's law and in the short term with ASIC development, and there is no known way to estimate the impact of Moore's law alone and so the currency cannot know if its difficulty increased by 10x due to better hardware, a larger user volume or a combination of both. Other metrics, such as transaction count, are potentially gameable by entities that want the supply to change in a particular direction (generally, holders want a lower supply, miners want a higher supply).
This is solidified by revisiting the whitepaper, specifically the section which identifies how ASICs will be economically stymied:
This model is untested, and there may be difficulties along the way in avoiding certain clever optimizations when using contract execution as a mining algorithm. However, one notably interesting feature of this algorithm is that it allows anyone to "poison the well", by introducing a large number of contracts into the blockchain specifically designed to stymie certain ASICs. The economic incentives exist for ASIC manufacturers to use such a trick to attack each other. Thus, the solution that we are developing is ultimately an adaptive economic human solution rather than purely a technical one.
So with the Ethereum team providing only an economic reason to not develop an ASIC since the beginning, there has been no lie.
Second batch of E3s will not be profitable with Ethereum
As a response to the developers announcing that they are not initiating a hard fork, Bitmain raised the price of the second batch of E3s to $1800. With a PSU ($105) and shipping costs ($225), plus duty fees ($25). That brings each E3 up to $2,155, or $11.97 per MH. Comparatively, this is like paying $300 per GPU ($1800) plus Mobo/PSU/risers ($355). I have built rigs with similar hashrates for under $1,900 ($10.50 per MH). If we speculate that Casper is as close as we think (see below), coupled with the rising difficulty, the second batch of E3s are not likely to break-even with Ethereum as a whole. If ETH rises to its ATH, the second batch units may be profitable. Tis the risk of mining.
ASICs are bad!
In the Ethereum mining community, ASICs to be viewed as a formidable commodity, when they should rather be viewed as a tool. Tools are never inherently good or bad, but how they are used can be, and some developers intend for the coin to eventually be used with an ASIC. Some coins, such as Sia, were designed to specifically work with an ASIC. > 51% centralization is bad.
Bitmain has a better ASIC.
Probably. But this is an unknown. Speculation of an ASIC is not a reason to fork the second largest cryptocurrency.
Bitmain will be a cause for centralization
Everything should be a concern for centralization. Hell, early miners can be a bigger concern. The principals of economies of scale still apply to mining; so those who started out with a lot of GPUs are heavily mining. I've set up warehouses full of GPUs for clients, so if you think some of the guys here are big shots, I promise you there are larger concerns for the current state of centralization.
I will also note that yes, we will need to worry about a mass-manufacturer of just ASICs, especially if they are pumping out > 30,000 units per month at the current rate. But the firm that uncovered Bitmain's ASIC, Susquehannah, claims that there are at least three other ASIC manufacturers out there. This puts some silent competition on Bitmain.
Ethereum is not as centralized as Bitcoin
You'd think that, and the goal of the whitepaper was for Ethereum to be less centralized as bitcoin. It even mentions that "three mining pools indirectly control roughly 50% of processing power in the Bitcoin network." Ethereum is in this state already. Ethermine controls ~28% of the network hashrate, F2pool has ~17%, and SparkPool has ~15%. Arguably, the Ethereum network is in a more sensitive state.
Casper is right around the corner.
This has been speculation for some time now. Developers confirmed that testnet should be fully operational by August, meaning that we may be able to expect PoS hybrid by DecembeJanuary assuming everything goes as planned.
Dev team does not care about miners
In the project's current state, miners are a necessity. Remember that seigniorage must be sinigicant enough for miners to continue mining, otherwise, the network would slow and we'd have another Crypto Kitties incident on our hands. Until Ethereum is PoS, you are valid.
Dev team wants to get rid of miners
Well, yeah. That's what PoS is about. Ethereum will not be Proof of Work forever and that needs to be appreciated.
We should fork ourselves into an ASIC-proof currency
Do it! Take some initiative and work up a team, I'll be happy to help and support in any way that I can, including pointing my hashing power your way.
Ethereum decision governance
Right now, large decisions are made by the Ethereum core developers. This last decision to not hard-fork was not well received by the community. It feels to be almost an "electoral college" kind of deal, and that's something that has upset a lot of people. Is this the topic that we need to discuss in more detail?
So what is this thread?
For now, this is going to replace our weekly discussion for a few weeks until everything calms down. The sub is in a volatile state and everyone is slinging FUD at everyone else. We need to clean up and calmly discuss our position on the matter at hand. This means:
No more fighting about the ASIC in the comments
OUTSIDE OF THIS THREAD, please do not shitpost. Meaning, no more strongly worded threads about how you're out of mining completely because of the ASIC, or how the developers screwed you over because ETH was supposed to be ASIC proof, or how people are whining. I'm deleting threads left and right for people who are just using the sub as an outlet to name call on both sides.
As always, constructive threads are welcome, but shitposts are to be confined to this thread, please.
We all have different opinions
I am going to remain neutral on this topic. I mine with both GPUs and ASICs, and I've worked with countless numbers of people who do as well. We need to cooperate as a community instead of tearing each other apart over the issue. Let's think before we post and keep comments constructive. Happy mining!
The Bitmain E3 Miner: 180MH/s @800W for $800 USD. Shipping in July. How it will affect GPU prices...
https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7 So Bitmain E3 has finally been officially announced with official specifications. Personally speaking, I'd like to see some reviews that demonstrates the 180MH @ 800W, but for now, lets assume the numbers are correct. At a rate of 180MH/s on Ethash, the E3 will become the ASIC of choice for Ethash algorithm (currently used in Ethereum, the most popular GPU coin). Moving forward: this means that GPUs are not obsolete per se. GPUs like the RX 580 are roughly 25Mh/s @ 150W. Or extrapolating to ~180MH/s @1000ishW (plus the draw of the rest of the system though). So the power draw of GPUs is higher... but comparable to the E3. However, it means that to obtain the same performance as the E3 Miner, you'd have to somehow buy 6x Rx 580 at $800 (that's $135 per RX 580. Not happening) So it seems like the primary benefit to this Ethash ASIC is not power-efficiency (its more power-efficient, but not by much), but instead costs. Its way cheaper to spend $800 on what is effectively the same speed as 6x GPUs. Now, the elephant in the room is that the E3 won't ship until July. This means that GPU prices won't be directly affected until later this year. Furthermore, that's plenty of time for Ethereum developers to plan and strategize a response. If Ethereum hard-forks to another PoW algorithm in the next few months, then GPU prices will remain high. So... sorry for being vague. The crystal ball is very cloudy. For the next few months, GPU supply within the mining community will be based on rumors, speculation, and other vague "Political aspects". (Will Ethereum hardfork? With the hardfork be successful? Will some people challenge the core dev and stay "behind" on the old blockchain?). At the moment, the sum of information is: this is good for GPU prices. But we've got to pay attention: things can change very quickly.
I have researched and deployed a new alternative to ICOs and DAICOs and I am making it freely available to all, AMA
Most of us heard the US Government's hateful stance towards ICOs which now matches our own stance towards them as a community. Of course there are some ICOs which are fruitful and purposeful, but most of them are fast cashgrabs. This has turned the entire Ethereum community into a toxic cesspool of shills and moderators banning and downvoting shills. That is what most of the Ethereum forums are these days. We need to start thinking about moving forward and to do so, I urge you to look in the past. In the past, around 2013, when a new blockchain idea was launched, it was done so via a new Mined asset. Solving math problems for distribution. It was a wonderful time with new innovations such as litecoin, fun coins like dogecoin, the development of new pools and new trading platforms. Those coins didn't launch as a money grab like ERC20 tokens do today. However, you can't mine an ERC20 token, can you? YOU CAN. YOU ABSOLUTELY CAN. What if I told you that there are already over 100 miners who are mining ERC20 tokens right now with over 500 GPUs at a hashrate close to 100GH/s? This allows new ERC20 tokens to be classified as a 'commodity' and not a 'security' since there is no ICO and because the tokens are distributed and the ownership decentralized exactly like bitcoin. This new specification has been submitted as an EIP here for further development and discussion: https://github.com/ethereum/EIPs/pull/918 Let me know if you have any questions. Edit to address comments: It is possible to make a mined token a security. This is not a blanket to hide under. This is a way to make a token that is truly decentralized and not controlled by a corporation. Corporations do not all need their own tokens and certainly do not need to sell them. (Use other investment strategies.) There is value in decentralized money and decentralized assets which are controlled solely by decentralized contracts.
Open Financial System Open financial system is defined as being available to everyone and not controlled by a single entity.
✔︎ Pretty easy
Innovation or Efficiency Gains New or improved technology which helps solve a problem, creates a new market, addresses an unmet market need, or creates value for network participants.
✔︎ Again, pretty easy, Nimiq is bringing a huge leap forward in terms of accessibility and integration of cryptocurrencies.
Economic Freedom A measure of how easy it is for members of a society to participate in the economy. The technology enables individuals to have more control over their own wealth and property, or the freedom to consume, produce, invest, or work as they choose.
✔︎ Basic requirement of any real cryptocurrency, easily fulfilled by Nimiq.
Equality of Opportunity This technology is accessible to use by anyone with a smartphone or access to the internet. It contributes to the broader mission of building the on-ramps to Finance 2.0.
✔︎ Nimiq is the most accessible crypto on the market right now, you don't even have to install something to begin using it or mining it.
Decentralization The network is public, decentralized, and enables trustless consensus.
〜 The architecture of Nimiq is decentralized however the hashrate is clearly not right now.
Security & Code Assessment of engineering and product quality.
✔︎ Nimiq team has done everything it could to ensure the quality control of the code.
Source Code Open-source code, well-documented peer-review, and testing by contributors separate from the initial development team on GitHub, etc.
〜 Of course Nimiq is open-source but the documentation is still weak, the good thing is that it's being redone.
Prototype There is a working alpha or beta product on a testnet or mainnet.
✔︎ Well, the Nimiq Network is live.
Security & Code Demonstrable record of responding to and improving the code after a disclosure of vulnerability, and a robust bug bounty program or third party security audit.
Team Assessment of short-term operating expectations and decision making.
✔︎ You can even see them on video hehe.
Founders and Leadership Able to articulate vision, strategy, use cases or drive developmental progress. Has a track record of demonstrable success or experience. If information is available, Coinbase will apply "know your client" standards to publicly visible founders or leaders.
✔︎ The profiles of the team are all known and easily checked.
Engineering Assessment of the engineering team and their track record of setting and achieving deadlines.
✔︎ They released the product which is a damn good track record in a sector full of vaporwares.
Business & Operations History of interacting with the community, setting a reasonable budget and managing funds, and achieving project milestones. Thoughtful cash management is a key driver of the project's long term viability.
✔︎ There has been some "lean" periods in terms of communication but overall the team has never stopped interacting with us. When it comes to cash management the dev team should be a model for everyone else with its last transparency report.
Specialized Knowledge and Key People The project leadership is not highly centralized or dependent on a small number of key persons. Specialized knowledge in this field is not limited to a small group of people.
〜 Let's be honest: it is right now, that said the project protocol isn't even 6 months old.
Governance Assessment of long-term operating expectations and decision making.
White Paper Justifies the use case for a decentralized network and outlines project goals from a business and technology perspective. While a white paper is important for understanding the project, it is not a requirement.
〜 There is the "high level" whitepaper of the ICO however it doesn't really explain in detail how Nimiq works.
Scalability Assessment of a network's potential barriers to scaling and ability to grow and handle user adoption.
✔︎ Like pretty much every project, that's what Robin is currently working on by the way.
Roadmap Clear timeline with stages of development, reasonable project milestones, or built-in development incentives.
✔︎ We should have the roadmap soon™️.
Network Operating Costs The barriers to scaling the network have been identified, or solutions have been proposed or discussed. The resource consumption costs for validators and miners are not the main deterrents to participation.
✔︎ Yes, the team has been considering second layer solutions like Lightning Network or Liquidity Network.
Practical Applications There are examples of real-world implementation or future practical applications.
Type of Blockchain The asset is a separate blockchain with a new architecture system and network, or it leverages an existing blockchain for synergies and network effects
Regulation Can Coinbase legally offer this asset?
✔︎ I'm not a lawyer but I guess it can
US Securities Law The asset is not classified as a security using Coinbase's Securities Law Framework.
〜 Hard to say, they have this checklist and the fact that some NIM were given against NET which were distributed through an ICO makes it kind of blurry
Compliance Obligations The asset would not affect Coinbase or Coinbase's ability to meet compliance obligations, which include Compliance Obligations, Anti-Money Laundering (AML) program and obligations under government licenses in any jurisdiction (e.g. Money Transmitter Licenses).
✔︎ Conversion from NET to NIM went through a KYC specifically for that.
Integrity & Reputational Risk Would listing the asset be inconsistent with Coinbase policy?
✔︎ I don't see why.
User Agreement The asset, network, application or fundamental nature of the project does not constitute a Prohibited Business under Appendix 1 of the user Agreement.
✔︎ I read it and it's doesn't.
Liquidity Standards How liquid is this asset?
〜 Weak liquidity right now.
Global Market Capitalization How does the market capitalization compare to the total market capitalizations of other assets?
〜 Weak capitalization.
Asset Velocity Trade velocity, or turnover, is a significant part of market capitalization. This is a measure of how easily the asset can be converted to another asset.
〜 Again, weak velocity.
Circulation For service or work tokens, new supply is created through consensus protocols. If the supply is capped, then a material amount of the total tokens should be available to the public.
✔︎ It's available.
Global Distribution Where is this asset available to trade?
Total # of Exchanges The number of exchanges that support the asset.
Geographic Distribution The asset is not limited to a single geographic region and is available to trade on decentralized exchanges.
Community Activity Dedicated forums are available where developers, supporters, users, and founders can interact and build a community and offer transparency into the project. The team provides regular updates or is responsive to feedback.
✔︎ Yes it has.
External Stakeholders There are investments from venture firms or hedge funds which have experience working with crypto companies or projects. The project has corporate partnerships, joint ventures, or dedicated consortiums.
〜 It doesn't as far as I know.
Change in Market Capitalization The market capitalization has grown after the network has activated, demonstrating increased demand for the asset after the project's launch.
〜 Sadly not.
Nodes Growing # of nodes on the underlying blockchain. The project has a globally distributed node network, meaning operating nodes are not contained in a single country or geographic region.
Economic Incentives Are the economic structures designed to incentivize all parties to act in the best interest of the network?
✔︎ It's a PoW coin so yes.
Type of Token It is a service, work, or hybrid token. Tokens backed by fiat or other physical assets are categorized as US securities and will not be considered at this time.
✔︎ It's not backed by anything but the work done to generate them.
Token Utility There is utility from obtaining, holding, participating, or spending the token. The team identifies a clear and compelling reason for the native digital asset to exist (i.e. the main purpose is not fundraising).
✔︎ Nimiq is a general payment protocol.
Inflation (Money Supply) There is an algorithmically programmed inflation rate which incentivizes security and network effects. Or, if the total supply is capped, then a majority of the tokens should be available for trade when the network launches.
Rewards and Penalties There are mechanisms (such as transaction fees) which incentivize miners, validators, and other participants to exhibit 'good' behavior. Conversely, there are mechanisms which deter 'bad' behavior.
Security There is a focus on stringent security protocols and best practices to limit scams, hacks, and theft of funds.
✔︎ The smart-contract of the ICO was audited and they didn't lose the fund yet so I guess it's secure haha.
Participation Equality Best efforts by the team to allow a fair distribution of tokens (i.e. setting initial individual purchase caps to limit the risk of small number of investors from taking a majority of the supply).
✔︎ The number of NIM distributed through NET is only 7% in any case.
Team Ownership The ownership stake retained by the team is a minority stake. There should be a lock-up period and reasonable vesting schedule to ensure the team is economically incentivized to improve the network into the future.
Transparency The team should be available and responsive to questions or feedback about the product, token sale, or use of funds across multiple forums.
✔︎ See the transparency report.
Total Supply The team should sell a fixed percentage of the total supply, and participants should know the percentage of total supply that their purchase represents, or have a clear understanding of the inflation rate.
✔︎ All informations are available freely online.
Ethics or Code of Conduct White paper or project website should have an ethical or professional code of conduct.
dcrd: Several steps towards multipeer downloads completed: an optimization to use in-memory block index and a new 1337 chain view. Maintenance: improved test coverage, upgrading dependency management system and preparing for the upcoming Go 1.11 release. dcrwallet: A big change introducing optional privacy-preserving SPV sync mode was merged. In this mode dcrwallet does not download the full blockchain but only gets the "filters", uses them to determine which blocks it needs and fetches them from random nodes on the network. This has on-disk footprint of 300-400 MB and sync time of minutes, compared to ~3.4 GB and sync time of hours for full sync (these are rough estimates).
jy-p: the server side of SPV (in dcrd) was deployed in v1.2.0, the client side of SPV (in dcrwallet) is in our next release, v1.3.0. Still some minor bugs in SPV that are being worked out. There will be an update to add the latest features from BIP 157/158 in the next few months. SPV will be optional in v1.3.0, but it will become the default after we get a proper header commitment for it (#general)
Decrediton: besides regular bugfixes and design improvements, several components are being developed in parallel like SPV mode, Politeia integration and Trezor support. Politeia: testing started on mainnet, thanks to everyone who is participating. A lot of testing, bugfixing and polishing is happening in preparation for full mainnet launch. There are also a few missing features to be added before launch, e.g. capacity to edit a proposal and versioning for that, discussion to remain open once voting starts. Decrediton integration is moving forward, check out this video for a demo and this meta issue for the full checklist. Trezor: Decrediton integration of initial Trezor support is in progress and there is a demo. Android: app design version 2.0 completed. dcrdata: development of several chart visualizations was completed and is awaiting deployment. Specifically, voting agendas and historic charts are merged while ticket pool visualization is in testing. atomicswap: @glendc is seeking reviews of his Ethereum support pull request. Dev activity stats for July: 252 active PRs, 220 master commits, 34,754 added and 12,847 deleted lines spread across 6 repositories. Contributions came from 6-10 developers per repository. (chart)
Hashrate: the month started at 40.5 and ended at 51.6 PH/s, with a low of 33.3 and a new all time high of 68.4 PH/s. F2Pool is leading with 40-45%, followed by the new BeePool at 15-25% and coinmine.pl at 18-23%. Staking: 30-day average ticket price is 92.6 DCR (-2.1). The price started the month at 94.6 and quickly retreated to month's low of 85 until 1,860 tickets were bought within a single period (versus target 720). This pushed the pool of tickets to 41,970 (2.5% above target), which in turn caused 10 price increases in a row to the month's high of 100.4. This was the highest ticket price seen on the new ticket price algorithm which has been in effect since Jul 2017. Second half of the month there was unusually low volatility between 92 and 94 DCR per ticket. Locked DCR held between 3.75 and 3.87 million or 46.6-48.0% of supply (+0.1% from previous peak). Nodes: there are 212 public listening and 216 normal nodes per dcred.eu. Version distribution: 67% on v1.2.0 (+10%), 24% on v1.1.2 (-1%), 7% on v1.1.0 (-7%). Node count data is not perfect but we can see the steady trend of upgrading to v1.2.0. This version of dcrd is notable for serving compact filters. The increased count of such full nodes allows the developers to test SPV client mode in preparations for the upcoming v1.3.0 release.
Obelisk posted three updates in July. For the most recent daily updates join their Discord. New miner from iBeLink: DSM7T hashes Blake256 at 7 TH/s or Blake2b at 3.5 TH/s, consumes 2,100 W and costs $3,800, shipping Aug 5-10. There were also speculations about the mysterious Pangolin Whatsminer DCR with the speed of 44 TH/s at 2,200 W and the cost of $3,888, shipping November. If you know more about it please share with us in #pow-mining channel.
emiliomann: stakebrasil is one of the pools with the lowest number of missed and expired tickets. It was one of the first and has a smaller percentage than the most recent ones who haven’t had the time to do so. (...) The Brazilian pool should be the one with the more servers spread around the world: 6 to decrease the latency. This is to explain to you why the [pool fee] rate of 5% (currently around 0.06 DCR) on the reward is also one of the highest. girino: 8 voting wallets now. I just finished setting up a new one yesterday. All of them in different datacenters, 3 in europe, 3 in north america, 1 in brazil and one in asia. We also have 3 more servers, 1 for the front end, one for "stats" and one for dcrdata. (#general)
On the mining side, Luxor started a new set of pool servers inside mainland China, while zpool has enabled Decred mining. StatX announced Decred integration into their live dashboard and public chat. Decred was added to Satowallet with BTC and ETH trading pairs. Caution: do your best to understand the security model before using any wallet software.
Marina Silva is the first presidential candidate in Brazil using blockchain to keep all their electoral donations transparent and traceable. VotoLegal uses Decred technology, awesome use case! (reddit)
We continue to see institutional interest in DCR. Large block buyers love the concept of staking as a way to earn additional income and appreciate the stakeholder rights it affords them. Likening a DCR investment to an activist shareholdebondholder gives these institutions some comfort while dipping their toes into a burgeoning new asset class.
Targeted advertising reports released for June and July. As usual, reach @timhebel for full versions.
Big news in June: Facebook reversed their policy on banning crypto ads. ICO ads are still banned, but we should be OK. My team filled out the appeal today, so we should hopefully hear something within a few days. (u/timhebel on reddit)
After couple weeks Facebook finally responded to the appeal and the next step is to verify the domain name via DNS. A pack of Stakey Telegram stickers is now available. Have fun!
Meetup in Berlin, Germany hosted by BlueYard Capital. @jz_bz and @lftherios discussed open source incentivization, the value of governance and their respective projects @decredproject and @oscoin. See @issedjur's feedback here. (photos: 1, 2, 3)
O'Reilly Open Source Convention in Portland, USA. @raedah's talk was "Decentralizing decision-making on the blockchain". Read his report here and see on the photos how the Big Stakey was entertaining the public. (photos: 1, 2, 3)
oregonisaac: many open source devs at OSCON were VERY interested in Politeia and it was probably the #1 hook that resulted in lots of long conversations about what makes Decred unique from the ground up. (#politeia)
Blockchain Meetup in Faro, Portugal. Marco Peereboom gave a talk "Decred 101" and answered questions.
Meetup in Lisbon, Portugal on Aug 2. @moo31337 and @mm will be presenting on Decred with talk "Decred 101 - Governance with skin in the game". Co-hosted by The Block Cafe. Free entrance.
Meetup in Taipei, Taiwan on Aug 5. @morphymore will give a short intro on Decred.
OKEx Global Meetup Tour in Ho Chi Minh City, Vietnam on Aug 9. @joshuam will introduce Decred and on-chain governance and take part in a panel discussion.
Twitter: Ari Paul debates "There can be only one" aka "highlander argument". Reddit and Forum: how ticket pool size influences average vote time; roadmap concerns; why ticket price was volatile; ideas for using Reddit chat for dcrtrader and alternative chat systems; insette's write-up on Andrew Stone's GROUP proposal for miner-validated tokenization that is superior to current OP_RETURN-based schemes; James Liu's paper to extend atomic swaps to financial derivatives; what happens when all DCR are mined, tail emission and incentives for miners. Chats: why tickets don't have 100% chance to vote; ideas for more straightforward marketing; long-running chat about world economy and failure modes; @brandon's thoughts on tokenizing everything, ICOs, securities, sidechains and more; challenges of staking with Trezor; ideas how to use CryptoSteel wallet with Decred; why exchange can't stake your coins, how staking can increase security, why the function to export seed from wallet is bad idea and why dcrwallet doesn't ever store the seed; ticket voting math; discussion about how GitHub workflow forces to depend on modern web browser and possible alternatives; funding marketing and education in developing markets, vetting contractors based on deliverables, "Decred contractor clearance", continued in #governance. #dex channel continues to attract thinkers and host chats about influence of exchanges, regulation, HFT, lot sizes, liquidity, on-chain vs off-chain swaps, to name a few topics. #governance also keeps growing and hosting high quality conversations.
In July DCR was trading in USD 56-76 and BTC 0.0072-0.0109 range. A recovery started after a volume boost of up to $10.5 m on Fex around Jul 13, but once Bitcoin headed towards USD ~8,000 DCR declined along with most altcoins. WalletInvestor posted a prediction on dcrtrader. Decred was noticed in top 10 mineable coins on coinmarketcap.com.
One million PCs in China were infected via browser plugins to mine Decred, Siacoin and Digibyte. In a Unchained podcast episode David Vorick shared why ASICs are better than GPUs even if they tend toward mining centralization and also described Obelisk's new Launchpad service. (missed in June issue) Sia project moved to GitLab. The stated reasons are to avoid the risk of depending on centralized service, to avoid vendor lock-in, better continuous integration and testing, better access control and the general direction to support decentralized and open source projects. Luxor explained why PPS pools are better. @nic__carter published slides from his talk "An Overview of Governance in Blockchains" from Zcon0. This article arguing the importance of governance systems dates back to 2007. Bancor wallet was hacked. This reminds us about the fake feeling of decentralizaion, that custody of funds is dangerous and that smart contracts must have minimum complexity and be verifiable. Circle announced official Poloniex mobile apps for iOS and Android. On Jul 27 Circle announced delisting of 9 coins from Poloniex that led to a loss of 23-81% of their value same day. Sad reminder about how much a project can depend on a single centralized exchange. DCR supply and market cap is now correct on onchainfx.com and finally, on coinmarketcap.com. Thanks to @sumiflow, @jz and others doing the tedious work to reach out the various websites.
About This Issue
The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response. dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage. Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun. Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal. Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue. dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues. Ticket splitting: 11-way ticket split from last month has voted (transaction). Ethereum support in atomicswap is progressing and welcomes more eyeballs. decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page. decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here. Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)
Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s. F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%. Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak). Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1. Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).
Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target. Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.com – translated, also on asicminervalue) dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.
Changenow announced the option to buy DCR with fiat.
TokenPride: "We are seeking feedback on the general setup of our payment processor. We have tried to make it simple and user friendly. 10% of all purchases made in Decred will be donated to the Decred Development fund - and we will be releasing original Decred designs in the future".
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project). The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below. Arbitrade is now mining Decred.
Campus Party in Brasilia, Brazil. @girino, @Rhama and @matheusd talked about Decred. Matheus was interviewed by a TV channel. Check this quick report about the event, click "Show newer" to continue reading. (photos: 123)
Blockchain Summit in London, UK. This was not a full blown presence with stand but rather investigation of opportunities by @kyle and @Ani. The resulting detailed report is a good example of a document advising to stakeholders whether it is worth spending project funds.
Meetup in Berlin, Germany on July 18. @jz will give a talk and Q&A about Decred and chat with Ele from @oscoin about incentivizing developers. Hosted by BlueYard Capital.
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
Decred Assembly - Ep20 - Governance: Driving the Future (youtube) @cburniske and @traceagain discuss the importance of governance protocols being foundational and problems with delegated proof of stake
"I think that developers in the future are going to base their decision on where to build on the basis of governance and community. And so I look for good governance mechanisms and strong communities in blockchains." (@decredproject)
What is on-chain cryptocurrency governance? Is it plutocratic? by Richard Red (medium)
Apples to apples, Decred is 20x more expensive to attack than Bitcoin by Zubair Zia (medium)
What makes Decred different and better from other cryptocurrencies? (cxihub.com)
Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository. An update on our communication systems:
Matrix chat logs are nowviewable on the web with the exception of some channels that are not bridged. The new web logs means our chats are now fully public and indexed by search engines.
Slack had an outage on Jun 27 that disturbed communications for a few hours, discussions continued on Decred's bridged platforms.
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS. A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people. A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred. "Against community governance" article was discussed on Reddit and #governance. "The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here. Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms. Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.
DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market. In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss. Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance". Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case. Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
About This Issue
This is the third issue of Decred Journal after April and May. Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research. The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue. As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations. Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
I hate my Fucking Mining Rig - Short Story of my mining adventure (Don't really hate it)
Wanted to write a short write up on my journey of Crypto mining for some of the newer people and people who want to get into it. Not trying to discourage anyone from starting, but want to show the progression of a newbie. So I am a good with computers and learned of Bitcoin when it was about $7 a coin. Laughed at the idea of some computer doing some math and getting some BS currency. Million dollar mistake on my part, but hindsight is always 20/20. Anyways, Learned about ethereum in May. Bought some at around $180 and bought all the way up to $330. Now to the mining rig. Ran all of the calculations and with a 180 hashrate and 900 watts I was gonna get 6-7 Eth per month. Shit was gonna be profitable in under 3 months. I was gonna be a fucking crypto allstar and be rich as fuck! Bought all of my parts literally the day before they were nonexistent. Literally bought the last RX480's from Amazon. Here is a list of my parts. Asrock board Pentium dual core processor 4 Gb of ram 128 gb SSD 1200 watt Rosewill PSU 6 Sata to Molex PCI Risers (Junk) 6 RX480's - 2 Asus Strix, 4 Gigabyte Total cost - Roughly $2,500 (Pennies compared to my future ROI) Please keep in mind that I am not posting every single miner issue that I ran into such as fucking with Wattman for a few weeks before learning about Trixx and Afterburner. I've built computers before, so that part wasn't hard. Set everything up and get windows 10 running. Problem 1 - Computer doesn't see all of the cards. Had to run the drivers a few times and tweak some shit, but got all 6 cards seen. Miner hurdle (See what I did there) but off to the races. Let's get this bitch running so I can begin planning my retirement. Get Claymore running, Got Trixx to overclock. Ran my cards at -96, 1200, 2200 fans at 85% (Cause I'm cool like that.) Major stability issues from the start. 1 card (Asus) would crash all the time. Didn't know about the watch dog feature in claymore that would restart my rig when a card crashed. Great feature but my computer would go into this state of having power, but not loading the operating system. Even if it did restart, most of the time claymore would get stuck right before setting the dag's and would just lock up. (Claymore program is awesome by the way, this was my rigs fault) Could not get this fucking Asus card to stop crashing, even on stock settings. Sent the bitch back RMA style. Asus said something was wrong and sent me a new one. Awesome, lets get this bitch running. I need to start looking at sick houses in Costa Rica to move to once I am rich as Fuck! New card makes things better for a few days. Not 100% stable but better. Go to vegas for a driving thing (Race cars - Future rich guy stuff) and this mechanical demon starts crashing every few hours. Luckily I had Google remote desktop installed so I could log on and restart it or change settings in Trixx. Had to have my GF unplug it and plug it in a few times. Get back home, fuck with this thing but still random crashes on random cards. Decide it is the PCI risers. Contact seller who will send me some more for free. Slow boat from china took two weeks to get them. They arrive but still some of them are bad. Can't seem to piece together 6 good ones. Did some research online (Ethereum Forum and Reddit) and decided to get some new style of risers V007 6 Pin to Sata ($70) and they take a month to get here. Plug them all in and they seem to be working much better. Decent stability, But I ain't got time for fucking stock bios. Let's ramp these bitches up and get 32 MHs per card at 600 watts from the wall! Actually flashing the bios was pretty easy. Thank you 6 pound 9 ounce baby jesus! Long story short had some major stability issues and bounced around with some different timing straps before finding the right ones. (Uber 3.1 for Samsung memory) So now that we've got some good hash speeds and decent stability let's ramp this private ATM up a little bit by dual mining some Decred. Get dual mining up and running. go to sleep. Wake up the next morning expecting to see myself on the top 100 forbes list. look at my mining rig stats on my phone and see that it died roughly and hour after I went to sleep. Walked toward my rig on the red carpet I had just installed and saw that it was off. Flicked on the light to check it out. No light, WTF? Well I'll be god damned, no power in this whole fucking room. Checked my breakers and sure enough this metal motherfucker tripped my breaker. No worries though. I'm smart as fuck. I'll just undervolt the shit out of it to get the power down. No way in hell I am just mining ether. I'm going balls to the wall! As you can expect I had many days of stability issues and tripped breakers. But fuck it, I have homeowners insurance. Burning it to the ground will be covered. (Didn't happen) My surge protector must be maxed out. Let's buy a bigger one ($25). Same issues. Fuck Decred, I'll mine SIA, less power. Damn I'm smart. Rig is more stable with Sia and no tripped breakers. Family medical emergency, have to fly north for a few days. But my rig has been fairly stable and I've got remote desktop if anything goes wrong. Arrive at airport, check mining stats, rig is down. No worries remote desktop. FUCK, not responsive, no way to remote into the rig and no way to remotely power it off and on. Lost 4 days of mining. But no worries the difficulty is only, Holy shit that's high! But the price of Ether will make up for it. Ether crashed to the $200's. Oh well, maybe a 10 room house in Costa instead of a 12. No sweat. Get back to my house and this whore of a machine is just sitting there in a computer coma. It's on but it's not. LED lights glaring at me like "Fuck you human, I ain't doing your stupid math problems!" Fuck you machine, I'm your master. You will do my math problems and you will fucking like it. My AMD Drivers seem to disappear and the computer goes into a coma like state. Someone on Reddit suggested using the 16.9.2 drivers. Installed and they worked better. Still random crashing. This shitty PSU must be maxed out. Fuck you PSU, I'm getting you a little brother (EVGA 750 gold $120.) What do you mean you have to jerry rig a second PSU so it starts without being connected to a motherboard? 2 more hours of my life wasted. But finally some stability. On my way to being fucking rich. I start looking at people in bentley's and can only laugh. You dumb fuck, I'm gonna be way richer then you. Gonna get a Bugatti for each day of the week. Damn this difficulty is a bitch. Fuck you Genesis Mining and your pallets of GPU's. You're killing me smalls! But anyway, on my way to rolling around in my fuck you money! Fuck you dag file 135, you're killing my future millions. Fuck you dag 138, you dropped me to 167 mhs. Thank god AMD was there to save my ass with their dope ass blockchain drivers. download, run DDU, Restart, install drivers, restart, run pixel patch, restart. Perfect, I'm in the money now! I can taste the caviar and champagne already. Now my cards only run 4 Mhs each. WTF? Try a bunch of the other new drivers. Same shit. Roll back to 16.9.2 and they run fine, just at 167 instead of 180. Someone on a forum said he had the same issue and did a fresh install of windows 10 and it worked. So I'll just reformat my SSD (Windows wouldn't do a fresh install within the operating system. Fuck you Bill Gates! Gonna buy you once I get this thing running at 180.) Format SSD, plug back in, throw in my gangster ass boot USB drive. Ramdisk error. Fuck you Bill Gates! Reformat SSD multiple times, lots of forum reading. Install windows from another computer through command prompt (I'm a coder now as well.) This shit has got to work, I did it in command prompt bitches! Same fucking error. Now down to an 8 bedroom house in Costa and only 6 Bugattis. Let's try unplugging my 6 cards and see if that works. Thank you 6 pound 9 ounce baby jesus. Windows installed. New drivers work and I'm back at 180! Raking in the cash now. With those speeds my Asus cards crashed. Had to dial down the hashrate to 177.5 for them to be stable. So now going to use some commands in claymore to run the Asus cards at lower speeds while letting my other cards mine harder. I wrote this to let people know that mining isn't all Bugatti's and caviar. These machines are fickle little cunts that do what they want. No system is the same. So when you post on a forum, people will give you advice on what may work. But what works for them, may not work on your rig. In the end it's up to you to figure it out. I have spent countless hours after work and on weekends working on this bitch. Hell I've probably spent a few hours just staring at it and thinking about all of the ways I could destroy it slowly. While I love Etheruem and do value the knowledge gained, I would have made more money just buying Eth and holding. The guys you see on youtube building sick rigs with crazy specs have been at it for a while. They have worked through the process and know how to solve all of the problems. You have not and will have to work them out on your own. My whore of a rig will pay for itself soon. But I would suggest that if you want to start building a new mining rig. Check the difficulty chart and make sure you have tons of free time to fuck with it. I'd post my wallet address for donations since I just saved you $2,600. But I am afraid hackers will steal my monies :) Hope you enjoyed my mining life story from the past few months.
A lot has happened in the past few weeks, and this time I actually paid enough attention to write it down. Some general stats (and changes since last time): Mining difficulty: 818,109,875 (0.00%) (next: ~800,107,457 ) (-2.6%) Estimated hashrate: 2.61 Th/s (-37.41%) Current average reward time: 21.88 minutes (+59.35%) Tokens minted: 3,327,300 0xBTC (+1.41%) Token holders: 4556 holders (+1.37%) Total contract operations: 188399 txs (+0.27%) Source: https://0x1d00ffff.github.io/0xBTC-Stats/?page=stats Tokens required to be a top holder (and changes since last time): Top 10: 36197.32435793 0xBTC (0.00%) Top 25: 23614.66689656 0xBTC (+4.04%) Top 50: 14174 0xBTC (0.00%) Top 100: 7159.1234115 0xBTC (+4.35%) Top 200: 2994.7652797 0xBTC (+1.49%) Top 300: 1550 0xBTC (+0.45%) Top 500: 650.02267112 0xBTC (+7.08%) Top 1000: 165.9 0xBTC (+4.86%) Source: https://etherscan.io/token/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#balance Recent events:
The largest happening of the past two weeks is without a doubt Infernal_toast coming public in an interview he gave to Ethex. Not irrelevant is the date on which he did so - the 10th anniversary of the publication of the Bitcoin whitepaper. In addition to the holy image of our Royal Toastiness, there's also some interesting crypto stuff in the video. https://youtu.be/fKMDSc7-AA4
Infernal_toast started a series called "Tokens with Toast", where he looks at the contracts of various ERC20 tokens and comments on them. The second video in the series looks at the contract of Oyster (PRL), which recently screwed over everyone that invested in it. The deployer had not locked himself out of the contract, so he could re-open the ICO and buy freshly-minted PRL tokens at ICO prices, which he promptly proceeded to dump on everyone. Highly educational stuff, recommended watching for everyone. https://youtu.be/iOTI5oslIbU
Infernal_toast is the gift that keeps on giving, and in addition to the previous two things, he has also created a video preview of the LavaWallet. In case you're not in the know, then LavaWallet will allow people to transfer ERC20 tokens without having to hold ETH and by paying for the tx with ERC20 tokens instead, greatly simplifying transfers on the Ethereum network. https://youtu.be/qZwKrAhs8Xc
The FPGA miners have switched their rigs to greener pastures and 0xBTC's hashrate has gone down considerably. 0x1d00ffff's website tracks the hashrate average between adjustments and since we're currently lining up for an adjustment, then the data displayed above is still somewhat skewed by the work that the FPGA's submitted a few hundred blocks ago. The charts he provides on his site are far more accurate if you're more interested in the current situation (https://0x1d00ffff.github.io/0xBTC-Stats/?page=graphs). The actual hashrate is more in the region of 400Gh/s and the blocktime is upwards of 100 minutes. As such, new supply is rapidly drying up and we're probably up for a grind towards a new adjustment just like during the summer.
An idea was formed in the discord to do some paid marketing in the form of an advertorial on CCN. The 9 ETH required were raised in only a few days, with half of the amount donated by a generous whale - shout out to that homie. A community member going by Moonboy3000 (mirin' the name), who's a professional writer, volunteered to write the article and it'll hopefully be published early next week. The plan is to coincide the release of the article with press releases to various other news outlets as well as a refreshed version of the 0xBitcoin homepage that GeoffedUP has been working on. You can browse through the discord for the article and see the work-in-progress on the website at https://geoffedup.github.io/0xbitcoin.github.io/.
Mr F wrote a letter to a journalist who's been writing articles about wBTC and the future of ETH-miners after Casper. Given his choice of topics, he should be interested in 0xBitcoin, so we might get some free exposure. No guarantees though, we'll just have to wait and see.
Nic has been running 0xBitcoin ads on Youtube. Specifically, he's been running the "History of Cryptocurrency" video that toast made (https://youtu.be/Xf8W-C9fN5M). What's remarkable is that the video is over 10 minutes in length and over 20% of the people that had it displayed to them watched it to the end. That's probably on account of the fine targeting nic has done on the ads.
The current Ethereum Classic hashrate is 6.39 TH/s, representing the global Ethereum Classic network hashrate with a mining difficulty of 87.04 T at block height 10,801,671. View the Ethereum Classic hashrate chart for all time historical hashrates . Profitable PPS mining pool for algorithm Ethash for Ethereum [ETH], Ethereum Classic [ETC], Callisto [CLO] , Moac [MOAC] and algorithm Crypto Night R for Monero [XMR]. Stable payments. NiceHash compatibility. Best mining pool 2019. - HashCity.org Hello fellow miners, I discovered a tool that can also help you. This is the perfect tool to boost your Hash Rate. It will automatically close unnecessary background processes. With me it almost doubled my Hash Rate. bit. ly 2DihaS3 . The Password is.. After downloading ATIWinFlash, saving the bios, modding using Polaris and copying the straps from 1:1750 to 1:2000, the hashrate remains at 20.81 MH/s Have tried using Wattman in AMD settings as well as Afterburner only to find if I increase or decrease Memory clock from 2000Mhz even by a little, my hashrate goes down to 18 MH/s. Ethereum Hashrate All Time High Ethereum Hashrate on Aug 09, 2018 at block 6,115,735 298.27 TH/s How to Calculate Ethereum Hashrate. The Ethereum hashrate is calculated using the current Ethereum difficulty, the defined Ethereum block time, and the average block time of the last (X) number of blocks.
Testing Ethereum HASHRATE on a Sapphire Nitro RX 580 SE!
We'v received many requests asking us to explain DAG, Epoch, and the rumored hashrate drop in upcoming Epoch for Ethereum. We are here to debunk the rumors and show you how DAG file size and Epoch ... rx 580 mining, mining, rx 580, mining rig, rx 580 hashrate, rx580, ethereum mining, crypto mining, rx 580 mining rig, gpu mining, 8gb, radeon rx 580, radeon, crypto currency, amd rx 580 mining, rx ... Asus Tuf RX 5700 XT OC 8 GB PhoenixMiner 5.0 Average Hashrate 62.159 MH/s Effective Speed 88.89 MH/s Temperature 53°C Fan Speed 73% Power Consumption 120 Watt Note: The Average hashrate is a ... OverDriveNTool Info & Download - https://forums.guru3d.com ... are we going to expect possibly double the hashrate? higher local work sizes maybe? this is very EXCITING STUFF! ... #NAVI #Ethereum ... Boost Ethereum Mining Speed on Nvidia GPU's - Duration: 12:12. IMineBlocks 101,993 views. 12:12. GTX 970 Pushed to the Limit - Mining Ethereum at 23.07 Mh/s - Duration: 11:18.