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Official PotCoin Joint - Cannabis Currency

PotCoin, designed to empower, secure and facilitate our community's daily transactions. The budding / legalized Marijuana industry is literally calling out for its own distinct crypto-currency - PotCoin effectively forms a global community with each participant undoubtedly anchored in this new economy. On every level of the industry, aficionados can count on PotCoin to stand for truth and the exponential power of very large numbers.
[link]

Greetings people from /r/trees (ad campaign)

Greetings people of /trees,
We are a fellow race of Ent, and we come bearing PotCoin.
PotCoin is a cryptocurrency -- it's like Bitcoin... essentially electronic money with real-world value, to put it simply -- which aims to enhance and facilitate the emerging legal marijuana market, as well as to help with the fight for legalization worldwide. We can help dispensaries who can't use banks, for example.
We are very new, but have already managed to raise $500 for Snoop Dogg's Youth Football charity. That's just the start, we want to do amazing things for the whole cannabis community (the community even raised the money for the ad you just clicked) -- and we'd love to have a few more Ents here to share it all with us.
It may all seem a little nerdy at first, but we're friendly and will help you out like a good stoner should. When you get into it, it's great fun tipping one another with our coins... and you'll be longing for the day when you can refill your stash and pay in PotCoin.
Have a look around, hit the subscribe button, download a PotCoin wallet, and ask as many questions as you'd like -- if you're new we might even pass the PotCoin your way to get you started.
Much love, /potcoin
submitted by deemington to potcoin [link] [comments]

Don't buy into this rally. Just a warning. Explanation inside. (/Bitcoin/ banned me for posting this)

90% of people are still 90% down.
This market is not going anywhere, anytime soon.
Before you downvote me.... just for angst or hope against getting your money back. Hear me out.
I made 500% gains in January. Got out. Warned everyone. Tether. Manipulation.
I'll buy when the stops are broken and Eth flash crashes to $0.10 again
You have to consider. It's now September. Last November 2017, Roger Ver was calling for BCH to replace BTC within 6 months. Everyone's prospect about this market has been blinding and extreme, and for the most part upside down/misguided.
When its 9 months into 2018, and were every bi-weekly up/down 30% its unjustified for the current centralized system, to invest in a speculative asset that is becoming increasingly more volatile every month. We should be seeing less volatility. The chances now, of ETF's ever happening become presumibly worse. It's dangerous for regulators to also at this point announce an ETF, just for the simple nature that it will create another positive feedback bubble loop.
I don't know where some of you guys find the extra money under the cushions and couches... to catch what is essentially a falling knife.
God speed to you if Eth is $1000 next year... but...
The technicals are so manipulated, flawed, incoherent.
RSI, MACD, Bolingers, near meaningless, and that's whats scaring away everyone.
We've only had 10 years of track history in crypto, so Im hesitant in treating the system with accurate technicals.
The stock market indices have a track history of 100+ years. After time and stability, measurements, certain indicators were introduced. Bollinger Bands, etc. Do these measurements aid in predicting where BTC or your favorite coin is going? In my opinion, no. Now, its MOMO, Social Media, and #Yacht.
Long term, sure... were still up... or anyone that bought in prior to 2017 basically. So, I guess the moving average, over 10 years - is an okay indicator, but wait....
When AMD announced earnings a few weeks ago - they made a bold statement stating their 3rd/4th quarter revenue on GPU's for crypto would be near zero. Which is a very very bearish stance.
These huge price swings are freaking everyone out. Im not gonna use the "T" word yet..... as is the political climate -- and most politicians simply won't come out and say.... Tulip Mania.
The Dutch East India Company was the largest company of its time, valued at $7.1 adjusted for inflation. All because of... spice... opium... and most of all a bubble in tulips.
I'm more inclinced to study a bubble right now, so much so than the individual coins. But, the system as a whole intrigues me. Regardless if it goes up or down.
It's already been concluded that Tether was behind December's bubble. Academics have already proven this. It's pretty settled, like climate science. Going forward, with that conclusion in mind, put yourself in SEC regulators shoes now. There are too many questions, with not enough answers. There is no transparency. The exchanges, and the transfer of USDT is causing havoc in the system. If Bitfinex is the biggest exhcange in the world by volume, and they've basically had zero banking/shady banking since April of 2017, until "the largest exchange in the world" is put in its place - I honestly just have a fatalistic viewpoint on crypto.
Coinbene pulled off the same trickery. Can you explain the BitForex volume on this picture? This is now. How would one explain this to SEC regulators? https://imgur.com/a/SsNQjFW
The majority of the members in this group are going to be long term bullish on cryptocurrency. I cant untangle that or the get quick rich mentality. The goal is to make money, but also to have discussion; on the flaws of the current marketplace. There are no assurances it will go up.
This isn't the stock market.
This isn't even OTC assets. Not saying Bitcoin or Crypto overall will go to zero. I'm only trying to ascertain my perspective, and pass it onto some of the more bullish investors. I have money in, but more or less sitting on sidelines with majority posted gains. I want to atleast share the other side of the mirror.
Unlike previous, crashes, corrections, there are certainly more variables. In the old days, you didn't have this number of alt coins. You didn't have the type of manipulation, social media advocates (Dennis Rodman; Potcoin; John McCafe). You didn't have Tether. You didn't have exchanges locked out by banks. Or government regulations, or China saying no. You definately had exchanges collapse. Back then, people still looked at Bitcoin as a growth opportunities and this futurisitic way of paying for goods. When China backed out, it changed my perception of the future. Also, everyone thought the transfer of Bitcoin would be free. Turned out, thats a big fat lie. That's why the system was basically built.
The banks and governments have crypto by the balls. And when MJ is legalized in the USA, all the PotCoin whales are just going to dump via Eth. (Joking). The only winners right now, are the exchanges (and circa this post Dogecoin). I still have not seen or heard of any winners in the decentralized era. AuraDao was supposed to be that. It's not.
Anyways, Vitalik B. was quoted the other day as saying we'll never see the 1000x folds again in our lifetime.
Meaning, if we invest today in 60 years we won't be Warren Buffet Jr. I think the overall sentiment is, (Im just speaking for the majority of people) is, people saw a technology. Then saw how the technology was exploited. In an unregulated environement. The sentinment is, unregulated currencies are fatally flawed. So, while they might stick around I think Dec 2017 was a one time only. Bitcoin rose to fame like Rhonda Rhousey. Then she lost. Sure, shes still around.. I guess. :P
~$6200'ish is the break even point for mining BTC profitably (across generational AntMiners). Just thought I'd throw that tidbit out there. You might see some strange 'floors' and 'supports' that look unnatural in the coming days.
At thats the bottom line, cause Stone Cold said so. *Glass breaks*
submitted by infectedmethod to CryptoMarkets [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3a - The value proposition

*Introductions: I'm joskye. A cryptocurrency investor and SDC holder. *
...
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
In part 3 I will now discuss Cryptocurrency valuations, price metrics and identifying coins of value, worth holding.
...
What makes a coin worth holding: The value proposition
What makes anything worth holding? How much of themselves is a person willing to put into it - that's how much.
Cryptocurrency is largely driven by faith. It is a speculative enterprise i.e. people mostly put money into cryptocurrencies believing they will go up in value in the future; their plan to sell at a higher price when it does.
Currently most cryptocurrencies serve no function than being currencies in themselves. Unfortunately these currencies are largely not recognised by governments, most institutional investors or companies are legitimate stores of value or legitimate currencies of transaction. As such legislation and rules around the world regarding them vary considerably and are often absent.
There are very few cryptocurrencies that have legitimised backing, are insured or supported by enterprises that are insured for their loss and essentially there is little to protect you if you lose money through them.
So why do people bother putting money into cryptocurrencies it in the first place?
If the present and future value of a cryptocurrency is driven purely by speculation then you are essentially gambling by putting your money to buy that coin and joining the pool of other gamblers who are doing so. You are essentially joining a ponzi scheme and waiting game hoping you've gotten in early enough and convinced enough people to buy more of the asset you hold at slightly higher prices until a price is reached that you can cash out at (or until that thing becomes so big that everyone starts using it as their store of value).
This type of dynamic essentially underpins the mentality of most investments and trades i.e. buy low and sell high. I'd like to add buy early for investors since buying during a low in an already established asset may be setting yourself up for being forced to sell at a lower low later (especially if you don't understand the fundamentals of that asset).
If however the present or future value of a cryptocurrency is driven by some service other than speculation which can attract and drive fiat currency into it's ecosystem then it is potentially valuable.
I.e. will people actually use their USD/Yuan/Euro/GBP/Yen/INR etc to actually purchase the coin in question to do something useful with it (other than gamble on it's future price).
There are some cryptocurrencies which satisfy this criteria:
...
Bitcoin
It is not a currency, it is a remittance system and store of value. It has a reputation increasingly to being seen as a digital version of gold.
Bitcoin has the cultural and historical advantage of being the first cryptocurrency. It is also still the largest cryptocurrency by a long way with the largest marketcap i.e. price per bitcoin [$952 as of writing] x the number of bitcoin in circulation [16,074,687] which is $15.3 billion. Compare to it's next biggest competitor Ethereum which has a marketcap of $700 million (i.e. only 4.57% of Bitcoin's).
Bitcoin's value proposition is that it is a store of value. It may not be able to sustain this without significant upgrades to it's underlying software.
...
Monero (XMR)
Bitcoin does not have anonymity inherently built into it's software. Therefore if you buy and sell Bitcoin especially on cryptocurrency exchanges (where user registration is required), it is possible to trace whom Bitcoin is being transferred from and to.
For this reason I see Monero as Bitcoin + anonymity. I.e. it's value proposition is as store of hidden wealth. I also believe it does not have the issues that bitcoin does namely, same level of mainstream recognition, spotlight of regulatory awareness and developers do seem to be more focused on achieving better scalability and transaction times (it already does 10-20 minute verification time vs bitcoins 1 hour) which gives it better potential as a currency presently compared to Bitcoin.
-This sort of market cap dwarfs gold. However this type of up-scaled usability will not occur until the transaction verification times are much faster (nanoseconds) and the protocol is enhanced to cope with much larger transactions volumes and frequency at that speed; We are a long way off that.
I do believe fiat stored in Bitcoin will gradually transfer into Monero boosting it's value. I am not sure Monero though can presently bring fresh fiat currency (USD, Yuan etc) into it's ecosystem beyond outsider speculation in future price.
It is not unique in it's function or potential value proposition. My warning about holding Monerofor the long term is that it has competition for it's function not just from Bitcoin itself but from other anonymous coins such as Zcash, DASH (which provides instantaneous settlement) and SDC. Perhaps more importantly, Ethereum (ETH) is now planning to implement optional anonymity (via zSNARKs) in it's transaction network; if it does when combined with Ethereum's own functionality and well defined development roadmap (that will likely several second verification times in late 2017) would render XMR potentially redundant.
...
Ethereum (ETH)
The value proposition for Ethereum is that it allows for complex, trustless settlement systems to be built on it. This is a huge deal because the scope of applications is wide and although the technology needs to mature (to support greater transaction volume, frequency and more secure functionality) the sheer amount of fiat such a platform could attract through conversion of traditional centralised settlement and contract services to more secure decentralised platforms is very huge.
...
Shadowcash (SDC)
The value proposition is a double escrow, fully anonymous, decentralised privacy platform which incorporates private chat, private marketplace and secure, trustless private settlement system into one platform that is fully integrated into it's own blockchain.
Shadowcash already has multiple features that make it an excellent store of value: Low coin supply, potential for great demand, near instantaneous transaction verification times, ability to earn interest for simply holding it.
Shadowcash is incredibly easy to use and is heavily focused on usability. This is absolutely essential to it's end users: customers who seek convenient easy and speedy secure anonymous transaction. This will be a dream come true for traditional users of darknet markets.
To explain why lets elaborate on traditional darknet markets where in order to transact anonymously you have to:
1. Download the TOR browser. 2. Learn how to use it. 3. Buy XMR or Bitcoin. 4. Learn how to transact with these coins *safely* (yes this is still an issue with XMR in spite of it's built in privacy). 5. Learn how to and where to find reliable secure darknet markets. 6. Create accounts on these markets to access them *and* 7. Have faith that the websites and the highly centralised (and thus much more vulnerable) servers hosting those markets you use will not get shut down, not disappear with your money and not betray your transaction details and potentially identities to the authorities should they be infiltrated by them. 
Whereas with Shadowcash's market place this process will become:
1. Download the Shadowcash Umbra client (https://shadowproject.io/en/gettingstarted) 2. Buy some SDC on an exchange and transfer it to your Umbra client. 3. Browse the Shadowcash marketplace and transact securely, safely and anonymously. 
In summary I think Shadowcash can be a very useful application as a privacy platform for private communications and transactions.
...
ICONOMI (ICN)
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
...
Summary lessons
The first rule in investing or trading in a given cryptocoin is deciding if it has a value proposition:
1. *Can it draw fiat currency (USD, Euro, Yuan etc) in such a way as to give it a valuation that is fully independent of pure speculation?* 2. *Is it unique?* 3. *Is it rare?* A limited supply with a low or negative inflation rate will lead to increasing price as demand goes up. 4. Are there significant risks associated with the value proposition? 
In the next article I will cover lesson 3b: Price metrics and valuations. It will be much shorter I promise but equally informative and we will cover topics such as price determination, impact of speculation, price manipulation, whales and their impact and the impact of bitcoin on the entire cryptocurrency ecosystem.
Finally just to really hammer it home; why am I posting this on the Shadowcash subreddit?
It is because Shadowcash is the best cryptocurrency investment of 2016 and I believe it will be again by March 2017.
...
References:
1. Crypto-Currency Market Capitalizations, https://coinmarketcap.com/, Last Checked 30/01/2017 2. What is the value of all the Gold in the world? http://onlygold.com/Info/All-The-Gold-In-The-World.asp, Last Checked 30/01/2017. 3. ICONOMI Cryptocurrencies Index (ICNX) 21 December 2016 Rebalancing, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.sptgljv1c 4. ICNx trend chart, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-30-november-2016-monthly-rebalancing-update-3402866243d9#.kw7g4fqcd, Last updated 30th Nov 2017 5. Shadowcash (SDC) - The billion dollar baby!, https://medium.com/@paradox_/shadowcash-sdc-the-billion-dollar-baby-6b86f0660739#.ypz9yme5a, Last updated 16 August 2016. 
...
Disclaimer: I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), Shadowcash (SDC), ICONOMI (ICN), Augur (REP) and Digix (DGD).
submitted by joskye to Shadowcash [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3a - The value proposition

Introductions: I'm joskye. A cryptocurrency investor and holder.
...
 
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
 
 
In part 3 I will now discuss Cryptocurrency valuations, price metrics and identifying coins of value, worth holding:
 
...
 
What makes a coin worth holding: The value proposition
 
What makes anything worth holding? How much of themselves is a person willing to put into it - that's how much.
Cryptocurrency is largely driven by faith. It is a speculative enterprise i.e. people mostly put money into cryptocurrencies believing they will go up in value in the future; their plan to sell at a higher price when it does.
Currently most cryptocurrencies serve no function than being currencies in themselves. Unfortunately these currencies are largely not recognised by governments, most institutional investors or companies are legitimate stores of value or legitimate currencies of transaction. As such legislation and rules around the world regarding them vary considerably and are often absent.
There are very few cryptocurrencies that have legitimised backing, are insured or supported by enterprises that are insured for their loss and essentially there is little to protect you if you lose money through them.
 
So why do people bother putting money into cryptocurrencies it in the first place?
 
 
If the present and future value of a cryptocurrency is driven purely by speculation then you are essentially gambling by putting your money to buy that coin and joining the pool of other gamblers who are doing so. You are essentially joining a ponzi scheme and waiting game hoping you've gotten in early enough and convinced enough people to buy more of the asset you hold at slightly higher prices until a price is reached that you can cash out at (or until that thing becomes so big that everyone starts using it as their store of value).
 
This type of dynamic essentially underpins the mentality of most investments and trades i.e. buy low and sell high. I'd like to add buy early for investors since buying during a low in an already established asset may be setting yourself up for being forced to sell at a lower low later (especially if you don't understand the fundamentals of that asset).
 
If however the present or future value of a cryptocurrency is driven by some service other than speculation which can attract and drive fiat currency into it's ecosystem then it is potentially valuable.
 
I.e. will people actually use their USD/Yuan/Euro/GBP/Yen/INR etc to actually purchase the coin in question to do something useful with it (other than gamble on it's future price).
 
There are some cryptocurrencies which satisfy this criteria:
 
...
 
Bitcoin
It is not a currency, it is a remittance system and store of value. It has a reputation increasingly to being seen as a digital version of gold.
 
 
 
 
 
Bitcoin has the cultural and historical advantage of being the first cryptocurrency. It is also still the largest cryptocurrency by a long way with the largest marketcap i.e. price per bitcoin [$952 as of writing] x the number of bitcoin in circulation [16,074,687] which is $15.3 billion. Compare to it's next biggest competitor Ethereum which has a marketcap of $700 million (i.e. only 4.57% of Bitcoin's).
 
 
 
 
Bitcoin's value proposition is that it is a store of value. It may not be able to sustain this without significant upgrades to it's underlying software.
 
...
 
Monero (XMR)
Bitcoin does not have anonymity inherently built into it's software. Therefore if you buy and sell Bitcoin especially on cryptocurrency exchanges (where user registration is required), it is possible to trace whom Bitcoin is being transferred from and to.
 
 
For this reason I see Monero as Bitcoin + anonymity. I.e. it's value proposition is as store of hidden wealth. I also believe it does not have the issues that bitcoin does namely, same level of mainstream recognition, spotlight of regulatory awareness and developers do seem to be more focused on achieving better scalability and transaction times (it already does 10-20 minute verification time vs bitcoins 1 hour) which gives it better potential as a currency presently compared to Bitcoin.
 
 
I do believe fiat stored in Bitcoin will gradually transfer into Monero boosting it's value. I am not sure Monero though can presently bring fresh fiat currency (USD, Yuan etc) into it's ecosystem beyond outsider speculation in future price.
 
 
It is not unique in it's function or potential value proposition. My warning about holding Monero for the long term is that it has competition for it's function not just from Bitcoin itself but from other anonymous coins such as Zcash, DASH (which provides instantaneous settlement) and SDC. Perhaps more importantly, Ethereum (ETH) is now planning to implement optional anonymity (via zSNARKs) in it's transaction network; if it does when combined with Ethereum's own functionality and well defined development roadmap (that will likely several second verification times in late 2017) would render XMR potentially redundant.
 
...
Ethereum (ETH)
The first cryptocurrency which was built with the specific intent of incorporating 'smart contracts' into it's platform.
 
 
The value proposition for Ethereum is that it allows for complex, trustless settlement systems to be built on it. This is a huge deal because the scope of applications is wide and although the technology needs to mature (to support greater transaction volume, frequency and more secure functionality) the sheer amount of fiat such a platform could attract through conversion of traditional centralised settlement and contract services to more secure decentralised platforms is very huge.
 
 
...
 
PARTICL (PART) (formerly Shadowcash SDC)
The value proposition is a double escrow, fully anonymous, decentralised privacy platform which incorporates private chat, private marketplace and secure, trustless private settlement system into one platform that is fully integrated into it's own blockchain.
 
 
Particl has multiple features that make it an excellent store of value: Low coin supply, potential for great demand, near instantaneous transaction verification times, ability to earn interest for simply holding it.
 
Particl is incredibly easy to use and is heavily focused on usability. This is absolutely essential to it's end users: customers who seek convenient easy and speedy secure anonymous transaction. This will be a dream come true for traditional users of darknet markets.
 
To explain why lets elaborate on traditional darknet markets where in order to transact anonymously you have to:
1. Download the TOR browser. 2. Learn how to use it. 3. Buy XMR or Bitcoin. 4. Learn how to transact with these coins *safely* (yes this is still an issue with XMR in spite of it's built in privacy). 5. Learn how to and where to find reliable secure darknet markets. 6. Create accounts on these markets to access them *and* 7. Have faith that the websites and the highly centralised (and thus much more vulnerable) servers hosting those markets you use will not get shut down, not disappear with your money and not betray your transaction details and potentially identities to the authorities should they be infiltrated by them. 
Whereas with Particl's market place this process will become:
1. Download the Particl client. 2. Buy some PART on an exchange and transfer it to your Umbra client. 3. Browse the Particl marketplace and transact securely, safely and anonymously. 
 
 
In summary I think Particl can be a very useful application as a privacy platform for private communications and transactions.
 
...
 
ICONOMI (ICN)
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
 
...
 
Summary lessons
 
The first rule in investing or trading in a given cryptocoin is deciding if it has a value proposition:
 
1. *Can it draw fiat currency (USD, Euro, Yuan etc) in such a way as to give it a valuation that is fully independent of pure speculation?* 2. *Is it unique?* 3. *Is it rare?* A limited supply with a low or negative inflation rate will lead to increasing price as demand goes up. 4. Are there significant risks associated with the value proposition? 
 
 
In the next article I will cover lesson 3b: Price metrics and valuations. It will be much shorter I promise but equally informative and we will cover topics such as price determination, impact of speculation, price manipulation, whales and their impact and the impact of bitcoin on the entire cryptocurrency ecosystem!
...
 
References:
1. Crypto-Currency Market Capitalizations, https://coinmarketcap.com/, Last Checked 30/01/2017 2. What is the value of all the Gold in the world? http://onlygold.com/Info/All-The-Gold-In-The-World.asp, Last Checked 30/01/2017. 3. ICONOMI Cryptocurrencies Index (ICNX) 21 December 2016 Rebalancing, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.sptgljv1c 4. ICNx trend chart, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-30-november-2016-monthly-rebalancing-update-3402866243d9#.kw7g4fqcd, Last updated 30th Nov 2017 5. Shadowcash (SDC) - The billion dollar baby!, https://medium.com/@paradox_/shadowcash-sdc-the-billion-dollar-baby-6b86f0660739#.ypz9yme5a, Last updated 16 August 2016. 
...
 
Further articles in this series:
 
"The intelligent investors guide to cryptocurrency"
 
Part 0 -
Part 1 -
Part 2 -
Part 3a -
Part 3b -
Part 4 -
Part 5 -
Part 6 -
Part 7a -
 
"The intelligent investors guide to Particl -"
 
 
Full disclosure/Disclaimer: At time of original writing I had long positions in Ethereum (ETH), Shadowcash (SDC), Iconomi (ICN), Augur (REP) and Digix (DGD). All the opinions expressed are my own. I cannot guarantee gains; losses are sustainable; do your own financial research and make your decisions responsibly. All prices and values given are as of time of first writing (Midday 30th-Dec-2016).
 
Second disclaimer: Please do not buy Shadowcash (SDC), the project has been abandoned by it's developers who have moved on to the Particl Project (PART) (www.particl.io). The PARTICL crowd fund and SDC 1:1 token swap completed April 15th. You can still exchange SDC for PART but only if it was acquired prior to 15th April 2017 see: https://particl.news/a-community-driven-initiative-e26724100c3a for more information.
 
Addendum: Article updated 23-11-2017 to edit references to SDC (changed to Particl where relevant to reflect updated status) and clean up formatting.
submitted by joskye to Particl [link] [comments]

Do we want a multi-pool?

I was thinking that it would be really cool to have multi-pool for Potcoin. For those who don't know, a multi-pool is a mining pool that mines the most profitable coins, sells them for Bitcoin which is then used to buy Potcoin and pay miners. This would help put some upward pressure on the market as a certain amount of Potcoin will be bought on the exchanges every day.
We were thinking of creating a bounty on Potfunder to encourage someone to make one.
Do you guys think this is a good idea? If so what should the requirements be? How would it be hosted? Are there any other considerations?
Cheers
submitted by deemington to potcoin [link] [comments]

This is my first reddit community. Read my story, tip people, get tipped, talk, make friends.

I have a good story. I remember when reddit first started, and the exodus from the chans from 2005-2007. I left shortly after, but never came to reddit. The potcoin community here has caused me to post 10x more times than I had previously on any account (forgetting passwords and laziness). I also remember when bitcoins were under $1. I never invested though. Now I've grown over 300 potcoins from casual mining on a laptop, and have been tipped over 50 coins, most of which have gone back into the community. I love this place, these people, and weed. One Love; One Bud. Fun Fact: I'm a medical patient from WA. Here is the pool I use. It's given me the best most consistent returns, but I haven't hunted around since release week. http://67.233.200.130:19666
submitted by TheFancyHat to potcoin [link] [comments]

Whitecoin, Hempcoin attacked exposing Altcoin exchanges to huge risk of bankruptcy

This was originally a comment post elsewhere but with the recent 51% attacks against coins, this needs its own thread.

All proof-of-work (PoW) based crypto currencies (of which Bitcoin is one) are vulnerable to a 51% attack. The first attack that double spends against the exchanges will be devastating to nearly all PoW altcoins. The attack is fairly simple:
1.) Acquire slightly more hashing power than currently is mining the altcoin to be attacked and use it to mine on a private blockchain fork of that coin.
2.) On the public blockchain for that coin, send coins to altcoin exchanges in which there is no identity required.
3.) At those exchanges, use those funds (once confirmed) to buy bitcoins then withdraw them.
4.) When the exchange has sent the bitcoins, the attacker broadcasts the blocks from the private fork. Since that attacker's fork has more hashing capacity than the public blockchain for that altcoin, the attacker's blockchain will "win" (i.e., it has block height greater than that for that coin's public blockchain.)
The result will be that the altcoin exchanges will have a financial debt -- the blockchain reorg (as the result of the attacker's fork being released) has caused the exchange to lose the altcoins received from the attacker (which had a sufficient number of confirmations). Additionally, the exchange no longer has the bitcoins that the attacker bought and subsequently withdrew. This action would likely either put the exchange into technical bankruptcy, or, cause the losses to be born by those holding funds at the exchange. (It may depend on bankruptcy law and/or the exchange's policy as to the exchange's handling for such an incident).
Bitcoin is protected today with SHA 55,474 Th/s. For the attacker wishing to do a 51% attack for the purpose of double spending, the amount of hardware needed would exceed $100M (using KNC Neptunes, of which the supply of anywhere near that capacity doesn't exist today.) There's nowhere near that much value that can be extracted anonymously from the exchanges thus such an attack using Bitcoin is just not economical, nonetheless does there exist some cartel willing to wager the $100+ million to attack Bitcoin this way.
But let's take a look at an altcoin from a recent Coindesk article on altcoins -- Limecoin. Protected with Scrypt 252 Mh/s (per https://www.minep.it/pool/lim/... ), that means an attacker needs just maybe $100K USD worth of GPU-based mining hardware to be able to gain success when attempting a 51% atttack against that coin. There are may individuals mining with that kind of capacity alone -- nonetheless any need for a cartel. Limecoin is a bad example as there's not enough exchanges to where there is a decent double spending potential with this coin so let's pick another. Blackcoin is a proof-of-stake (PoS) coin so it isn't vulnerable to a 51% mining attack.
Let's pick on Potcoin then. With Potcoin having Scrypt 5,100 Mh/s (per http://www.coinwarz.com/network-hashrate-charts/potcoin-network-hashrate-chart ) of mining capacity means only about $2M worth of GPU-based Scrypt mining hardware needs to be directed to a private fork of the Potcoin blockchain. Paying GPU miners for two hours of Scrypt 5,100 Mh/s is all that is needed to start a private fork, transfer Potcoins to those altcoin exchanges that it trades at, convert those altcoins to bitcoins and withdraw, and then finally broadcast the private fork. Minutes later, Cryptsy, Mintpal, SwissCEX will have seen withdrawals of maybe hundreds of thousands of dollars worth of Bitcoins but then the Potcoins that bought those bitcoins will be "gone" (having been double spent) now as well. If proper precautions were taken there would be no way to identify the attacker. [Edit: Potcoin's total capacity has dropped by half since this paragraph was first written, ... making an attack even easier and less costly.]
If Cryptsy, Mintpal, and SwissCEX haven't "temporarily" halted trading as a result, the attacker simply moves on to attack another Scrypt altcoin. Rinse and repeat until every last GPU miner has moved to Litecoin (the only Scrypt altcoin with enough hashing capacity such that a 51% attack is neither profitable nor possible without the participation of tens of millions of dollars worth of mining hardware).
In other words, such a sequence of attacks could obliterate the entire list of Scrypt-based altcoin markets in under a day. Should the altcoin vendor release software to ignore the attacker's chain -- the attacker could simply return to attack again. It's an arms race and as long as proof-of-work still determines the longest chain, the attacker has superior firepower.
A single party with exclusive access to the first Scrypt ASICs could finish off every one of the Scrypt altcoins too. For instance, KNC Miner plans to sell their Scrypt 300 Mh/s Titan miner for $10K. Just 417 of those Titans could successfully 51% Litecoin's 125,000 Mh/s network ( http://www.coinwarz.com/network-hashrate-charts/litecoin-network-hashrate-chart ). That's an investment of about $4M USD, and there's easily $4M worth of value that can be obtained, anonymously, from the altcoin exchanges where Litecoin is traded.
This argument was previously articulated here: http://bitcoinmoney.com/post/53207712103
submitted by sgornick to CryptoCurrency [link] [comments]

Questions about getting started mining

Hello all, I want to star mining potcoin but I've been having some problems.
First I cannot get my wallet to connect to any servers to update the block chain. I've put the correct server list in the configuration file and put it in my useroaming/potcoin folder.
I was able to get the bootstrap to update but that only got me half way updated. I've opened up my firewall on my pc for potcoin.exe both in and out.
This may be a firewall issue for my router, even tho I have Upnp enabled. Dose anyone know what ports the wallet runs on?
Second I have 2 radon r900 series graphic cards in my pc. I've tried cgminer that is the latest version to support gpu processing and sgminer. I'm mining with prohashing.com pool. No matter what I do I can not connect to the pool.
I've mined bitcoins in the past and never had any of these problems.
I just bought a Gridseed Blade Scrypt Asic - 5.5MHs miner and will be hooking it up to a raspberry pi with the tutorial provided by
http://highoncoins.com/litecoin-rig/how-to-make-gridseed-blade-mining-rig-pre-built-cgmine
If anyone has any tips for getting my pc working, ide be very great full.
I'm pretty sure I can figure out the grid seed asic scrypt miner.
Thanks!
submitted by Goon_Squad_Glass to potcoin [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3a - The value proposition

*Introductions: I'm joskye. A cryptocurrency investor and SDC holder. *
...
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
In part 3 I will now discuss Cryptocurrency valuations, price metrics and identifying coins of value, worth holding.
...
What makes a coin worth holding: The value proposition
What makes anything worth holding? How much of themselves is a person willing to put into it - that's how much.
Cryptocurrency is largely driven by faith. It is a speculative enterprise i.e. people mostly put money into cryptocurrencies believing they will go up in value in the future; their plan to sell at a higher price when it does.
Currently most cryptocurrencies serve no function than being currencies in themselves. Unfortunately these currencies are largely not recognised by governments, most institutional investors or companies are legitimate stores of value or legitimate currencies of transaction. As such legislation and rules around the world regarding them vary considerably and are often absent.
There are very few cryptocurrencies that have legitimised backing, are insured or supported by enterprises that are insured for their loss and essentially there is little to protect you if you lose money through them.
So why do people bother putting money into cryptocurrencies it in the first place?
If the present and future value of a cryptocurrency is driven purely by speculation then you are essentially gambling by putting your money to buy that coin and joining the pool of other gamblers who are doing so. You are essentially joining a ponzi scheme and waiting game hoping you've gotten in early enough and convinced enough people to buy more of the asset you hold at slightly higher prices until a price is reached that you can cash out at (or until that thing becomes so big that everyone starts using it as their store of value).
This type of dynamic essentially underpins the mentality of most investments and trades i.e. buy low and sell high. I'd like to add buy early for investors since buying during a low in an already established asset may be setting yourself up for being forced to sell at a lower low later (especially if you don't understand the fundamentals of that asset).
If however the present or future value of a cryptocurrency is driven by some service other than speculation which can attract and drive fiat currency into it's ecosystem then it is potentially valuable.
I.e. will people actually use their USD/Yuan/Euro/GBP/Yen/INR etc to actually purchase the coin in question to do something useful with it (other than gamble on it's future price).
There are some cryptocurrencies which satisfy this criteria:
...
Bitcoin
It is not a currency, it is a remittance system and store of value. It has a reputation increasingly to being seen as a digital version of gold.
Bitcoin has the cultural and historical advantage of being the first cryptocurrency. It is also still the largest cryptocurrency by a long way with the largest marketcap i.e. price per bitcoin [$952 as of writing] x the number of bitcoin in circulation [16,074,687] which is $15.3 billion. Compare to it's next biggest competitor Ethereum which has a marketcap of $700 million (i.e. only 4.57% of Bitcoin's).
Bitcoin's value proposition is that it is a store of value. It may not be able to sustain this without significant upgrades to it's underlying software.
...
Monero (XMR)
Bitcoin does not have anonymity inherently built into it's software. Therefore if you buy and sell Bitcoin especially on cryptocurrency exchanges (where user registration is required), it is possible to trace whom Bitcoin is being transferred from and to.
For this reason I see Monero as Bitcoin + anonymity. I.e. it's value proposition is as store of hidden wealth. I also believe it does not have the issues that bitcoin does namely, same level of mainstream recognition, spotlight of regulatory awareness and developers do seem to be more focused on achieving better scalability and transaction times (it already does 10-20 minute verification time vs bitcoins 1 hour) which gives it better potential as a currency presently compared to Bitcoin.
-This sort of market cap dwarfs gold. However this type of up-scaled usability will not occur until the transaction verification times are much faster (nanoseconds) and the protocol is enhanced to cope with much larger transactions volumes and frequency at that speed; We are a long way off that.
I do believe fiat stored in Bitcoin will gradually transfer into Monero boosting it's value. I am not sure Monero though can presently bring fresh fiat currency (USD, Yuan etc) into it's ecosystem beyond outsider speculation in future price.
It is not unique in it's function or potential value proposition. My warning about holding Monerofor the long term is that it has competition for it's function not just from Bitcoin itself but from other anonymous coins such as Zcash, DASH (which provides instantaneous settlement) and SDC. Perhaps more importantly, Ethereum (ETH) is now planning to implement optional anonymity (via zSNARKs) in it's transaction network; if it does when combined with Ethereum's own functionality and well defined development roadmap (that will likely several second verification times in late 2017) would render XMR potentially redundant.
...
Ethereum (ETH)
The value proposition for Ethereum is that it allows for complex, trustless settlement systems to be built on it. This is a huge deal because the scope of applications is wide and although the technology needs to mature (to support greater transaction volume, frequency and more secure functionality) the sheer amount of fiat such a platform could attract through conversion of traditional centralised settlement and contract services to more secure decentralised platforms is very huge.
...
Shadowcash (SDC)
The value proposition is a double escrow, fully anonymous, decentralised privacy platform which incorporates private chat, private marketplace and secure, trustless private settlement system into one platform that is fully integrated into it's own blockchain.
Shadowcash already has multiple features that make it an excellent store of value: Low coin supply, potential for great demand, near instantaneous transaction verification times, ability to earn interest for simply holding it.
Shadowcash is incredibly easy to use and is heavily focused on usability. This is absolutely essential to it's end users: customers who seek convenient easy and speedy secure anonymous transaction. This will be a dream come true for traditional users of darknet markets.
To explain why lets elaborate on traditional darknet markets where in order to transact anonymously you have to:
1. Download the TOR browser. 2. Learn how to use it. 3. Buy XMR or Bitcoin. 4. Learn how to transact with these coins *safely* (yes this is still an issue with XMR in spite of it's built in privacy). 5. Learn how to and where to find reliable secure darknet markets. 6. Create accounts on these markets to access them *and* 7. Have faith that the websites and the highly centralised (and thus much more vulnerable) servers hosting those markets you use will not get shut down, not disappear with your money and not betray your transaction details and potentially identities to the authorities should they be infiltrated by them. 
Whereas with Shadowcash's market place this process will become:
1. Download the Shadowcash Umbra client (https://shadowproject.io/en/gettingstarted) 2. Buy some SDC on an exchange and transfer it to your Umbra client. 3. Browse the Shadowcash marketplace and transact securely, safely and anonymously. 
In summary I think Shadowcash can be a very useful application as a privacy platform for private communications and transactions.
...
ICONOMI (ICN)
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
...
Summary lessons
The first rule in investing or trading in a given cryptocoin is deciding if it has a value proposition:
1. *Can it draw fiat currency (USD, Euro, Yuan etc) in such a way as to give it a valuation that is fully independent of pure speculation?* 2. *Is it unique?* 3. *Is it rare?* A limited supply with a low or negative inflation rate will lead to increasing price as demand goes up. 4. Are there significant risks associated with the value proposition? 
In the next article I will cover lesson 3b: Price metrics and valuations. It will be much shorter I promise but equally informative and we will cover topics such as price determination, impact of speculation, price manipulation, whales and their impact and the impact of bitcoin on the entire cryptocurrency ecosystem.
Finally just to really hammer it home; why am I posting this on the Shadowcash subreddit?
It is because Shadowcash is the best cryptocurrency investment of 2016 and I believe it will be again by March 2017.
...
References:
1. Crypto-Currency Market Capitalizations, https://coinmarketcap.com/, Last Checked 30/01/2017 2. What is the value of all the Gold in the world? http://onlygold.com/Info/All-The-Gold-In-The-World.asp, Last Checked 30/01/2017. 3. ICONOMI Cryptocurrencies Index (ICNX) 21 December 2016 Rebalancing, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.sptgljv1c 4. ICNx trend chart, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-30-november-2016-monthly-rebalancing-update-3402866243d9#.kw7g4fqcd, Last updated 30th Nov 2017 5. Shadowcash (SDC) - The billion dollar baby!, https://medium.com/@paradox_/shadowcash-sdc-the-billion-dollar-baby-6b86f0660739#.ypz9yme5a, Last updated 16 August 2016. 
...
Further articles in this series:
Part 1- - The intelligent investors guide to cryptocurrency: Part 1 - Sell your profits and make back the principle ASAP. https://www.reddit.com/Shadowcash/comments/5l0heb/the_intelligent_investors_guide_to_cryptocurrency/
Part 2 - - The intelligent investors guide to cryptocurrency: Part 2 - FOMO My friend, My enemy. Make fear of missing out, work for you. https://www.reddit.com/Shadowcash/comments/5l67rn/the_intelligent_investors_guide_to_cryptocurrency/
Part 3a - - The intelligent investors guide to cryptocurrency: Part 3a - The value proposition https://www.reddit.com/Shadowcash/comments/5lhh6m/the_intelligent_investors_guide_to_cryptocurrency/
Part 3b -
...
Disclaimer: All prices and values given are as of time of writing (Midday 08-Jan-2016). I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), Shadowcash (SDC), ICONOMI (ICN), Augur (REP) and Digix (DGD).
submitted by joskye to CryptoMarkets [link] [comments]

Potcoin POSv Update

Hello to the community,
So here we are, approx 4.5 days until POSv kicks in (block 975,000).
During the update, many multi pools were still mining to old network, causing a fork and triggering an error in the new wallets. We have spent countless hours pinpointing those miners and getting in contact with them to make sure they update. Over the weeks, the hashrate substantially lowered on the old network.
That fixed the error on the new wallet, as only one valid chain is now seen by the network.
Bittrex has already re-enabled their potcoin exchange. We are in contact with other exchanges to turn it back on asap.
Remember that if you do want to trade Potcoins for Bitcoins, sellers/buyers are available on https://potwallet.com/trade/buy
Once POSv is live, we will update the community as to whether a final wallet update will be necessary to fully transition over.
After successful transition, our efforts will be concentrated on mobile apps, fine tuning potwallet systems for heavy volume and start on the marketing strategies.
It's been a long road of continuous development for PotLabs (over 15 months now), once POSv kicks in and the rest the IT infrastructure is in place, potcoin will be fully ready to high volume transactions.
It is time for us AND the community to put our efforts in getting the word around.
Potcoin - GROW WITH US
submitted by davidpot5 to potcoin [link] [comments]

How to Nvidia GPU mine ReddCoin on Windows

I thought would put together another tutorial for anyone looking to get started with mining ReddCoin's. it is a bit of a plug for my own mining pool rdd.surmine.com, but you're free to mine of another pool, the process is pretty much the same.
Once broken down into individual parts the whole process is quite simple and should only take less than half an hour to start mining.
The process can be broken down into the following stages:

Stage 1: Setup ReddCoin Wallet

  1. Goto reddcoin.com , click on "Wallets" then click "Windows", save the zip file to your PC.
  2. Once Downloaded, open the zip file, within that go into the ReddCoin folder then "32", launch the ReddCoin setup .exe and you will be presented with the ReddCoin Setup Wizard. Setup Image 1
  3. Click Next and leave the Destination folder ( you can customize the destination if you like) Setup Image 2
  4. Click Install. Setup Image 3
  5. Once the package is installed click Next then and Finish. Setup Image 4
  6. On launch you may get a firewall error, Click Allow access. (Only enable Public networks is you have to )
  7. Your ReddCoin wallet is now running. It may show "No block source available" in the bottom left corner, give it 15 mins and it should connect to the network, if not check your firewall settings. Once you see "Synchronizing with network" in the bottom left you know you are good. Setup Image 5
  8. Click the Receive tab and write down your ReddCoin address, this is your address to receive coins. Setup Image 6

Stage 2: Create Mining Pool account.

There are multiple pools you can choose from but as I run a mining pool I might as well plug my own rdd.suremine.com , If you would like to use another the following steps will work with another pool.
  1. Point your browser at rdd.suremine.com, in the top right hand corner of the page click "Guest" then "Sign Up". Account Image 1
  2. Complete the registration form, make sure you choose a good password that is unique to this poll, write down the PIN, as if you lose it you lose your coins! Account Image 2
  3. Check your email and Click the email verification link, if you can't see the email check your spam folder.
  4. Login to your account and Click "My Account" then click "Edit Account" On the Left Hand Nav. Enter your PIN and click unlock. This will create a confirmation email you will need to click. Account Image 3
  5. Check your email and Click the email verification link, if you can't see the email check your spam folder.
    • Set your payment address ( the one you copied down when you created your wallet).
    • Set your Donation Percentage ( this helps keep the pool running).
    • Set your automatic payout threshold ( low to start with to see the funds come through).
    • Insert your pin again.
    • Click Update Account. Account Image 4
  6. On the Left Hand Navigation bar click "My Account" then "My Workers". Enter a worker name and password (these can be anything you like). Account Image 5
  7. Click Add New Worker and the page will refresh with your worker details, note both the worker login and worker password down. you will need both of these later. Account Image 7

Stage 3: Install CPU Miner

Before you install the GPU Mining Application you want to make sure you are running off the latest Nvidia Drivers.
  1. Go to the Cuda miner page on BitCoin talk and download the latest package.
  2. Create a folder in C:/ called GPUminer. Install Image 1
  3. Once Downloaded, unzip the file, go into to cduaminer-2014-02-28 then into x86 and drag the contents of the zip file into the GPUminer folder. By the time you're doing this the date of 2014-02-28 may have changed to a newer version, that's good news!) Install Image 2
  4. Open up notepad and insert the following text, you want to replace the worker login and the worker password with the values you noted down earlier. cudaminer.exe -o stratum+tcp://uk.suremine.com:5555 -u USERACCOUNT.WORKERUSER -p WORKERPASS pause Install Image 3
  5. Select File > Save as then save the file to c:/GPUmine as gpuminer.bat. Install Image 4

Stage 4: Mine

  1. From the C:/GPUminer double click gpuminer.bat this will open a window. after a few minutes you should start seeing accepted transactions. All accepted transactions are good. Mine Image 1
Debugging

Performance Tuning

If you are looking to get the most out of your Nvidia card you can update gpuminer.bat with config from the Nvidia Comparison Table
submitted by suremine to reddCoin [link] [comments]

Placed my first order on Cryptorush!! Also some thoughts!

IDK how this cryptorush site works exactly, but I placed an order for 7500, at 800 satoshi, for a total of .06 BTC (I like the even numbers...) I've been following potcoin for about 10 days now and just recently also made my first bitcoin order! I bought .11 over at coinbase after staring at the candlesticks on wisdom for an entire night for $608 because I didn't want it to go any higher and by the time I woke up it was down in the $560 range i believe haha. So anyway I really think potcoins are going to blow up and with that 3000+ % change yesterday it's going to be a hard coin for anyone to ignore now. So to recap I'm just trying to get my first large amount of coins so I can go to bed, and want to use more than half of my current BTC to get some POT!! I tried my hand at mining for the past day, but my wimpy laptop gets 14 KH/S at best, so I've only generated about 10 coins off that (shoutout to Asteroid Miner and Chunky Pool though!!). Bringing my total Potcoins in my wallet up to about 28 due to a gracious tip I received from a member of the subreddit... I NEED MORE!! This community seems amazing and i've watched it growing from just the short time i've been here, so I'm hoping I can get a little "charity" if you would be so kind to sell me some of your pot, idk how you fill an order or whatever but yeah.. oh and I just saw /potcoinbeg in the sidebar as I was finishing up.. so hmm yea uh idk if i'm technically 'begging' since i'm more buying oh but maybe I should be in /potcoinmarket... dammit so maybe that's where this goes. darn. I think i'll just stick it here since I doubt those other ones have nearly as much traffic as this sub but hey sorry if this is against the rules a mod can move or delete this i guess if they want, but yeah I'm really excited to see what the future holds and look forward to being a member of this pizza.
UPDATE: I just had an order filled, I ended up spending 1009 Satoshis for 5942.0 (420)! coins instead of my original want of 7500, but i'm happy with my purchase and look forward to seeing what happens mid April!
submitted by endswithpizza to potcoin [link] [comments]

How Sudopool will handle FORKED Potcoins

Dear Sudopool miners,
Unfortunately, Potcoin was forked sometime yesterday, and we were on the old fork. Because of this, our fork's difficulty went down significantly, causing our coin-switching algorithm to see Potcoin as the most profitable. It switched to mining Potcoin at April 5, 17:04 UTC. We recognized that Cryptsy wasn't accepting our deposits at around at around April 6, 00:00 UTC, then we made inquires to Cryptsy support, and made a public annoucement about possible delays in processing balances. We kepted looking into it and found out that Potcoin had hard forked, and that we were on the wrong fork. We stopped mining Potcoin at April 6, 1:19 UTC. In total we mined for 8 hours and 15 minutes on the hard-forked potcoin. We mined total of 24090.19301533 potcoins including transaction fees. During this time, potcoin traded on Cryptsy from the lowest of 0.00001140 btc to the highest of 0.00001375 btc, while DOGE traded from lowest of 0.00000099 btc to the highest of 0.00000103, while LTC traded from the lowest of 0.02447230 btc to the highest of 0.02419666 btc. All in all, 24090.19301533 potcoins result in 334099.343536 doge or equivalent to 0.33075835 btc that we will be paying out of our own pocket.
What we will do is buy these hard-forked coins with our own bitcoins and pay all forked blocks as if they were traded in ideal conditions. So, for Doge. We will pay as if the hard-forked potcoins were sold at the highest price, then traded them for dogecoin at the lowest price of doge, getting the maximum doge that could have been earned. For litecoin, we will do the same and pay as if the hard-forked potcoins were sold at the highest price, then traded them for litecoin at the lowest price, getting the maximum litecoin that could have been earned. For bitcoin, it is one step less, and we will pay as if the hard-forked potcoins were sold at the highest price, getting the maximum bitcoins that could have been earned.
What we're going to do in the future to prevent such loss to ourselves is to improve our system by disabling a coin immediately if a coin is not accepted by Cryptsy or other exchanges within expected time. This will prevent mining on hard forked coins for any longer than 15-30 minutes, should we not know about an wallet update again and mine on a hard-forked blockchain. And of course, we will make it our procedure to check for wallet updates on a daily basis.
All in all, we apologize for the delay in balance processing, but in the end, you will have earned the most possible coins you could have earned, because we're giving you the best trading prices, and it is for a coin whose difficulty was extremely low because it was hard-forked blockchain.
We want to become the best pool there is, and want to give miners the best mining experience mining dogecoin, bitcoin, and litecoin. Three coins which we believe are worth investing long-term. We hope that the way we're handling this incident reflects our determination to achieve this goal, and set a higher standard among all the mining pools.
As always, thanks for mining with us, and we hope to always get you the most doge, btc, and ltc from your GPUs.
Sudopool @4:00 AM UTC
P.S. ETA for balancing processing of these forked coins is by next payout time, which is as always at midnight UTC.
Update: All forked potcoins have been paid at their maximum possible value. They will be paid out at our regular payout time at midnight UTC. If you like what we did, please donate to one of the donation addresses at the bottom to to giveaway for when we run our dogecoin giveaway on dogecoin subreddit. Thanks. @ 8:30AM UTC April 6
submitted by seongyupyoo to sudopool [link] [comments]

How to Nvidia GPU mine PotCoin on Windows

I thought I would put together another tutorial for anyone looking to get started with mining PotCoin's. its a bit of a plug for my own mining pool pot.surmine.com, but you're free to mine of another pool, the process is pretty much the same.
Once broken down into individual parts the whole process is quite simple and should only take less than half an hour to start mining.
The process can be broken down into the following stages:
Stage 1: Setup PotCoin Wallet
Step 1. Go to potcoin.info , click download wallet, then Download Now and save to your PC.
Step 2. Once Downloaded, launch the application and you should be presented with the PotCoin Setup Wizard. Setup Image 1
Step 3. Click Next and leave the Destination folder ( you can customize the destination if you like) Setup Image 2
Step 4. Click Install. Setup Image 3
Step 5. Once the package is installed click Next then and Finish Setup Image 4
Step 6. On launch you may get a firewall error, Click Allow access. (Only enable Public networks is you have to ) Setup Image 5
Step 7. The PotCoin wallet is now running. It may show "No block source available" in the bottom left corner, give it 15 mins and it should connect to the network, if not check your firewall settings. Once you see "Synchronizing with network" in the bottom left you know you're good. Setup Image 6
Step 8. Click the Receive tab and write down your PotCoin address, this is your address to receive coins. Setup Image 7
Stage 2: Create Mining Pool account.
There are multiple pools you can choose from but as I run a mining pool I might as well plug my own pot.suremine.com , If you would like to use another the following steps will work with another pool.
Step 1. Point your browser at pot.suremine.com, in the top right hand corner of the page click "Guest" then "Sign Up". Account Image 1
Step 2. Complete the registration form, make sure you choose a good password that is unique to this poll, write down the PIN, as if you lose it you lose your coins! Account Image 2
Step 3. Check your email and Click the email verification link, if you can't see the email check your spam folder.
Step 4. Login to your account and Click "My Account" then click "Edit Account" On the Left Hand Nav. Enter your PIN and click unlock. This will create a confirmation email you will need to click. Account Image 3
Step 5. Check your email and Click the email verification link, if you can't see the email check your spam folder.
Account Image4
Step 6. On the Left Hand Navigation bar click "My Account" then "My Workers". Enter a worker name and password (these can be anything you like). Account Image 5
Step 7. Click Add New Worker and the page will refresh with your worker details, note both the worker login and worker password down. you will need both of these later. Account Image 6
Stage 3: Install CPU Miner
Before you install the GPU Mining Application you want to make sure you are running off the latest Nvidia Drivers.
Step 1. Go to the Cuda miner page on BitCoin talk and download the latest package.
Step 2. Create a folder in C:/ called GPUminer. Install Image 1
Step 3. Once Downloaded, unzip the file, go into to cduaminer-2014-02-28 then into x86 and drag the contents of the zip file into the GPUminer folder. By the time you're doing this the date of 2014-02-28 may have changed to a newer version, that's good news!) Install Image 2
Step 4. Open up notepad and insert the following text, you want to replace the worker login and the worker password with the values you noted down earlier.
cudaminer.exe -o stratum+tcp://uk.suremine.com:3333 -u USERACCOUNT.WORKERUSER -p WORKERPASS pause 
Install Image 3
Step5. Select File > Save as then save the file to c:/GPUmine as gpuminer.bat Install Image 4
Stage 4: Mine
Step 1. From the C:/GPUminer double click gpuminer.bat this will open a window. after a few minutes you should start seeing accepted transactions. All accepted transactions are good. Mine Image 1
Debugging When you launch gpuminer.bat if you see the following error it means you need to update your Nvidia drivers: Error Image 1
submitted by suremine to potcoin [link] [comments]

Facebook Altcoin Poll

I talked to maarx briefly about this and I believe he said he was ok with hosting.
Here's my random idea.
You know all those Facebook polls? What Harry Potter character are you? What Game of Thrones character are you? Well, what if someone did one for altcoins? haha
We include possible 10 altcoins (and maybe none of our direct competitors)
At the bottom: We have sponsored by BLK and a link to your buy page.
Here's what I have so far. Here's what I have so far. http://www.playbuzz.com/larak10/what-country-in-the-world-best-fits-your-personality
What Altcoin Best Fits You?
This quiz will determine which altcoin best reflects your personality and possible future investment. Disclaimer: We are not responsible for any financial losses that may occur as a result of this quiz. Invest at your own risk.
Button: LET'S START
You like the price to stay around the same.
Do you like mining?
  1. No
  2. Yes. Solo.
  3. Yes. In a Pool.
  4. Yes. In a Multipool.
  5. Yes. I mine rare metals.
Do you value your privacy?
  1. Yes.
  2. No.
What do you do for fun?
  1. Drugs.
  2. Trade altcoins
  3. Drive lamborghinis.
  4. Annoy merchants by asking them everyday if they accept a certain altcoin!
What color do you prefer?
  1. Black
  2. Gold
  3. Green
  4. Silver
What's your favorite animal?
  1. Shibe - Dog
  2. Cat
  3. Spider
Do you like it fast or slow?
  1. Fast
  2. Slow
  3. Don't care.
What traits do you look for in a significant other?
  1. Sexy, Attractive, Mysterious
  2. Old, Traditional, Stable.
  3. I wish I knew their real name!
Final choice:
  1. Cryptometh, Dopecoin, Potcoin
  2. Fiat
  3. Bitcoin
  4. BlackCoin
  5. Litecoin
  6. Doge
  7. Darkcoin or any number of up and coming Anon-Coins.
Not sure how well this would go in mainstream, but it might be a hit amongst us altcoin enthusiasts.
submitted by virtualfaq to blackcoin [link] [comments]

How to Nvidia GPU mine CannaCoin on Windows

I thought would put together another tutorial for anyone looking to get started with mining CannaCoin's. it is a bit of a plug for my own mining pool ccn.surmine.com, but you're free to mine of another pool, the process is pretty much the same.
Once broken down into individual parts the whole process is quite simple and should only take less than half an hour to start mining.
The process can be broken down into the following stages:

Stage 1: Setup CannaCoin Wallet

  1. Go to [cannacoin.cc](cannacoin.cc) , click on download wallet then Download and select the windows client and save to your PC. Setup Image 1
  2. Open the CannaCoin wallet you downloaded and browse to the Cannacoin-QT folder. Setup Image 2
  3. Drag the contents into the Cannacoin folder you created on your C drive. Setup Image 3
  4. Double Click cannacoin-qt, you will asked to allow access to through your firewall, click "Allow access". Setup Image 4
  5. Your CannaCoin wallet is now running. It may show "No block source available" in the bottom left corner, give it 15 mins and it should connect to the network, if not check your firewall settings. Once you see "Synchronizing with network" in the bottom left you know you are good. Setup Image 5
  6. Click the Receive tab and write down your CannaCoin address, this is your address to receive coins. Setup Image 6

Stage 2: Create Mining Pool account.

There are multiple pools you can choose from but as I run a mining pool I might as well plug my own ccn.suremine.com , If you would like to use another the following steps will work with another pool.
  1. Point your browser at ccn.suremine.com, in the top right hand corner of the page click "Guest" then "Sign Up". Account Image 1
  2. Complete the registration form, make sure you choose a good password that is unique to this poll, write down the PIN, as if you lose it you lose your coins! Account Image 2
  3. Check your email and Click the email verification link, if you can't see the email check your spam folder.
  4. Login to your account and Click "My Account" then click "Edit Account" On the Left Hand Nav. Enter your PIN and click unlock. This will create a confirmation email you will need to click. Account Image 3
  5. Check your email and Click the email verification link, if you can't see the email check your spam folder.
    • Set your payment address ( the one you copied down when you created your wallet).
    • Set your Donation Percentage ( this helps keep the pool running).
    • Set your automatic payout threshold ( low to start with to see the funds come through).
    • Insert your pin again.
    • Click Update Account. Account Image 4
  6. On the Left Hand Navigation bar click "My Account" then "My Workers". Enter a worker name and password (these can be anything you like). Account Image 5
  7. Click Add New Worker and the page will refresh with your worker details, note both the worker login and worker password down. you will need both of these later. Account Image 7

Stage 3: Install CPU Miner

Before you install the GPU Mining Application you want to make sure you are running off the latest Nvidia Drivers.
  1. Go to the Cuda miner page on BitCoin talk and download the latest package.
  2. Create a folder in C:/ called GPUminer. Install Image 1
  3. Once Downloaded, unzip the file, go into to cduaminer-2014-02-28 then into x86 and drag the contents of the zip file into the GPUminer folder. By the time you're doing this the date of 2014-02-28 may have changed to a newer version, that's good news!) Install Image 2
  4. Open up notepad and insert the following text, you want to replace the worker login and the worker password with the values you noted down earlier. cudaminer.exe -o stratum+tcp://uk.suremine.com:6666 -u USERACCOUNT.WORKERUSER -p WORKERPASS pause Install Image 3
  5. Select File > Save as then save the file to c:/GPUmine as gpuminer.bat. Install Image 4

Stage 4: Mine

  1. From the C:/GPUminer double click gpuminer.bat this will open a window. after a few minutes you should start seeing accepted transactions. All accepted transactions are good. Mine Image 1
Debugging

Performance Tuning

If you are looking to get the most out of your Nvidia card you can update gpuminer.bat with config from the Nvidia Comparison Table
submitted by suremine to cannacoin [link] [comments]

www.GoldMin.es Multi Coin Mining Pool now open!

www.GoldMin.es
We host new coin launches and your favorite coins too! No registration needed, and upon found block, payouts go directly to miners wallet! We keep no coins in the register Cool
Currently hosting:
Come chat in our IRC channel on freenode! https://kiwiirc.com/client/irc.freenode.net/goldmin.es
We plan on adding features to the site over the next few days, but we think you'll enjoy it...
Coin devs, drop us a line if you are looking for a pool to host your coin!
submitted by GoldMin_es to CryptoCurrency [link] [comments]

My opinion on Potcoin

I'm not saying this in the hopes of getting rich off my POTcoins..I'm only saying what I say and have said what I have in the past in a pure economics view. I want this coin to succeed and with it I might actually be able to get legal medicinal pot to treat my fibromyalgia in my state. I'm not the smartest guy in the world nor would I ever try to claim so. I think some people on here get the wrong view of me. I'm pretty humble and willing to listen to anyone that needs an ear to listen. The following is a list of ideas I got and my opinion on POTcoin. as stated above I'm focused on POTcoin in pure economics and I see value is a set standard. like a loaf of bread or a silver dime. They are worth the same amount roughly depending on where you go
My opinion isn't an expert opinion cause I've only been learning about POTcoin and getting to learn about crypto currencies.in the past couple of months so there might be some holes in my knowledge of crypto currencies.
I have wondered about the total amount of POTcoins possible being at 420 million. Is it possibly too much? maybe instead of 420 million we should have 210 million or even 105 million. I see Bitcoin's total amount of 21 million, litecoin at 84 million, and many other coins that have far less then 100 million coins.
Honestly I think having 420 pot coins per block is entirely too much and I'm glad to see a halving at 210 but also would welcome 105 and maybe even 50 or 42 would be a better amount per block. Supply/Demand is a big part of how POT is priced currently so whether there is 420 a block or 42 a block the miners would actually get the same pay for those coins whether it's $4.20 for 420 coins or $4.20 for 42 coins so the more there are the more the value gets diluted course maybe I'm wrong but just seems the natural progress of things..the more you have of something naturally the price comes down to meet demand..no matter how low that might be...and I see that as a major problem for POTcoin..we all want this to be seen at a legitimate payment option but we all need to see the actual value of it is also extremely important..especially in the beginning to get dispensaries to accept this.
I think the one thing that seems to be overlooked is how POTcoin is a tool for business and should be seen as a store of wealth...that's what a currency is after all...why accept as payment something that's value is going down or looks like it's trajectory isn't stable or gaining...course one exception is very mild inflation but that's also just seen as a cost of doing business.
One thing I know for certain is we really should lower the block reward so it's not considered a "very profitable" coin to mine by all the big pools and then stop the pump and dump stuff that is happening.
WARNING DRASTIC STEP AHEAD Another idea I have is I think we really should cut the supply down if possible...I honestly don't know if there is a way to just combine coins as in every 1 coins turns into a .5 coin. Currently the total amount of mined POTcoins is 100,486,709.if we were able to combine them to make 50,243,354.50 instead this would actually help to keep the price from dropping due to an overabundance of said POTcoins and dispensaries would see the price with more stability and that could help get them on board. what I am suggesting is very simple in theory and it shouldn't actually have any real affect on anyone if you have say 100,000 POTcoins it would turn into 50,000 POTcoins and the price on the exchanges would go up due to supply/demand to double what they are now...so you'd still have the same value or buying power with them. Along with the cut in supply also lower the amount per block by half which would be at 105 from June 1st on. Also as proposed above lower it even more so it's not considered a "very profitable" coin to mine by all the big pools and then stop the pump and dump stuff that is happening.
submitted by AlexNT01 to potcoin [link] [comments]

Bitcoin Miner Tools - Unknown Mining pool Connect Bitcoin Miner For Connect Unknown Mining pool . Bitcoin Generator 2020 Mining Pool injector Mining pools - bitcoin mining pools: how to generate bitcoin using mining pools cryptocurrency #15 Bitcoin Generator 2020 - Mining Pool Inject + Payment Proof Live

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Bitcoin Miner Tools - Unknown Mining pool Connect

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