Bitcoin Mining Calculator - Updated with 2020 Miners

Primecoin

Primecoin is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Derived from Satoshi Nakamoto's Bitcoin, Primecoin introduces an unique form of proof-of-work based on searching for prime numbers.
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Primecoin

Discussion about Primecoin and its infra. Primecoin is a very innovative cryptocurrency, being the 1st non Hash-Cash PoW crypto, naturally scarce (not artificially), with very fast confirmations (1min), elastic readjusting reward & a useful mining (byproducts are primes). Primecoin is sustainable (miners are guaranteed to have revenues), and decentralized (ASIC/FPGA are not particularly advantaged). Sidechain for decentralized data applications (e.g. Storj) currently in development.
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Litecoin mining!

Since the litecoin community is growing, I've decided to introduce /litecoinmining, a place for all discussion revolving mining litecoins!
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What is Cryptocurrency Mining?

There are various ways of gaining cryptocurrencies and one major way is through cryptocurrency mining. So, Cryptofactsbc will help you understand what is cryptocurrency Mining and how to mine these cryptos. There is nothing to worry about because we will give you everything you need to know about cryptocurrency mining and suggest some steps to follow if you want to mine cryptocurrencies. Let us dig into our topic for the day, What is cryptocurrency Mining?

Understanding Mining

When we take Gold Mining for example miners go into pits to dig for Gold, others use machines one the surface on the lands to detect possible places where Gold will be located.. They find and wash the gold and refine it and get it ready to be sold. That is how Gold mining is done in the real world but when we come to the crypto world it is slightly different. For our fiat currency, the government decides the quantity to be printed and when to print and circulate them because it is centralised.

Cryptocurrency Mining

Cryptocurrency Mining is the process where by verified transactions are added to a ledger which is known as Blockchain. Crypto coins are decentralized therefore no authority or government persons can order for the circulation of cryptos. Mining Cryptocoins is an arms race that rewards early adopters. Anyone can participate in mining provided they have the necessary materials to start.
I am pretty sure you have heard pf Bitcoins, the first decentralised cryptocurrency that was released in early 2009. Similar digital currencies have crept into the world-wide market since then, including a spin-off from Bitcoin called Bitcoin Cash. You can get in on the cryptocurrency rush if you take the time to learn the basics properly.

Methods of Cryptocurrency Mining

There are various ways of mining and we will look a few methods; Cloud Mining Basically these are some of the cryptocurrencies that can be mined, Bitcoin, Ethereum, Ripple, Thether, Bitcoin Cash and others. The main cryptocurrency we will talk about it’s mining is Bitcoin. Cloud Mining is process whereby miners pay money to rent some hardware from a host company. A company owns bitcoin hardware and then gives them out on rent so miners in-turn rent part of these bitcoin hardware and utilize them remotely.

CPU Mining

The use of Central Processing Unit of your computer, which is the brain of your computer was the very first method people adopted for mining bitcoins when bitcoins were first launched in the year 2009. Back then the mining difficulty was very low so just your CPU could help your gain some huge fractions of Bitcoins. But as stuff were advancing the mining difficulty increase and became higher so people started to look for something better and higher than a normal CPU.

GPU Mining

When technology was advancing, Graphics Processing Units were created. They are programmable electronic chip or circuit that helps the computer to solve complex problems. Most Especially for gamer to be to install games with high graphics requirements on the computer. GPU become very popular therefore people began to use them to mine for bitcoins and amazingly the mining power of 1 GPU equals about 30 CPUs. So, in order for you to gain higher fractions of bitcoins as mine you need to upgrade whiles the system also advances.

FPGA Mining

Another invention came into the system to out smart the GPU mining which was the FPGA. It is an integrated circuit that also helps the computer to carry out a set of calculations. It is almost 10- 100 times better and faster than GPU mining.

ASIC Mining

The full meaning of ASIC is Application Specific Integrated Circuit and it was a breed of miner that was introduced in the year 2019. The sole purpose of this ASIC was to mine bitcoins so you can imagine how fast it would be.
submitted by cryptofactsbc to u/cryptofactsbc [link] [comments]

What's the difficulty algorithm for Beam?

I'm looking to add a mining calculator for BEAM to an app of mine. I presume there a difficulty run through an equation with miner hashrate like Bitcoin, but is it calculated in the same exact manner, or is it a different equation than Bitcoin?
Here is my bitcoin mining calculator, as an example of what I mean:
https://github.com/taoteh1221/DFD_Cryptocoin_Values/blob/masteapp-lib/php/othecalculators/bitcoin-mining-calculator.php#L32
which is derived from here:
https://en.bitcoin.it/wiki/Difficulty
Also, if anybody knows of a good API for getting BEAM block height / difficulty that would be awesome.
submitted by dragonfrugal to beamprivacy [link] [comments]

Why are we not talking about "monetizing" the whitelist?

On the one hand, I feel like Gridcoin has found a wonderfully elegant solution to circumvent the wasteful nature of PoW secured blockchains. Getting paid for doing work with intrinsic value (scientific research); it makes so much sense, you would think it should be the basis of all economy.
On the other hand, it struggles with the same problems as all other cryptocurrencies, except for maybe the top five: there is no intrinsic value to owning Gridcoins. Money exists to be exchanged for goods and services, not just to be sold in exchange for other types of money in the future. I see only two reasons why a person with honest intentions would want to buy cryptocurrencies (again, possibly with the exception of Bitcoin and a handful of other popular coins which can nowadays be used in some stores). Perhaps they believe that the value of the coin will increase in the future (because sufficiently many other people happen to think the same way) so they can sell it and make a profit; this to me seems like just a form of gambling and can hardly be called an honest investment, unless the coin finds a way to make itself useful in the future. The other reason might be - especially for Gridcoin - out of generosity: they want to support the project and reward people participating. This is commendable, but again not a proper investment.
Neither of these motivations will appeal to a rational investor, so as long as Gridcoin keeps relying on them to sustain itself, its long-term value (and thus relevance) will keep decreasing over time. I will even be so bold to say that anyone who claims otherwise is a very optimistic thinker at best, or at worst someone who just wants to see the value of their own coins grow at the expense of some naive buyers. I do not mean this as a personal attack to anyone, and invite anyone to prove me wrong.
Now for Gridcoin, more so than for any other cryptocoin currently on the consumer market, I see a very natural solution to this problem: instead of whitelisting by poll - an overly centralised process, by the way - let researchers buy their products into the whitelist.
There are of course many practical questions to address here. Do we have an automatically calculated price depending on the amount of work in the project and the number of coins in circulation, or do we want to auction spots on the whitelist to increase value? Should we sacrifice all regulation of what kinds of projects are allowed on the whitelist, or do we still need a system to "blacklist" projects which are deemed unethical by the community? Do we keep popular BOINC projects on the whitelist if they do not want to pay for whitelisting but are very popular in the community? I am not trying to answer these questions here today, just want to open the discussion.
Perhaps I am oversimplyfing - please let me know, I am eager to learn! - but I basically see only winners in this scenario. The value and thus relevancy of Gridcoin will increase. More people will join once word gets out that they can let their computers do some science on the background and earn money (nowadays, mining GRC profitably is still possible only under optimal conditions), meaning more computing power used for good. The cost to research institutions buying computing power will be peanuts compared to buying enough powerful computers on their own to run huge amounts of calculations quickly. Provided that the demand for computational power can keep up with the supply of Gridcoin miners, this should hopefully lead to a more stable and reliable value for Gridcoin, which in turn might attract vendors to accept the coin as payment method. This last point seems like the main point of uncertainty to me: will research institutions trust the network enough to invest money in it?
What are your thoughts?
submitted by Hopkins-Levitzki to gridcoin [link] [comments]

Mining Allocation Explained. If you found this post useful, use my code: D1KsgV

Hi Guys,
So I've invested a bit of money into Genesis mining and was always wondering how the mining allocation worked, after reading about it on various forums and emailing the company directly I've finally figured it out. I wanted to share my findings for the benefit of this community.
One of my purchases was 10 TH/s of BTC on an open ended contract. I wanted to know based on the fees and all what sort of profit I would get mining Dash (Auto). The Auto on any of the allocation pages is explained by the excerpt from the FAQ page from Genesis mining:
By default all hashpower is allocated to BTC for all algorithms, and hence you will receive your payouts in BTC. The Genesis Mining Advanced Auto-Trader (in short “AUTO”) will apply to algorithms which cannot mine BTC directly. If you are interested in mining different cryptocoins, you can do this as well. In the user interface go to “Mining Allocation” and choose the hashpower allocation that is best for you. When you are done press “save allocation”.
The question I had was with my 10 TH/s using the sha256 algorithim what sort of speed would I get by mining Dash (Auto). Effectively when you allocate any percentage to Dash (Auto) from your allocation page, you will receive Dash coins, not BTC. After mining this for 24 hours, I received 0.03966727 Dash coins.
I had to tinker around a little with the Mining Profitability Calculator
But I managed to find out that I can get 0.03964 Dash per day with 230 MH/s. Which is pretty close to the amount that I was able to mine with my sha256.
So what does this all mean? Well if I mined my daily BTC I was making about 0.00290866 BTC per day, which with a price of $2,613.87 per BTC equates to $7.60 per day (this is after their costs). If I allocated 100% to Dash I mined 0.03966727 per day, which equates to $7.36 per day with a Dash price of $185.46. The difference isn't that much, and is likely to fluctuate.
I decided to stay with BTC with my allocation, and purchase seperate Dash contracts.
tl;dr 10TH/s BTC open ended sha256 contract allocated to 100% Dash(Auto) produces a equivalent 230 MH/s rate.
A general explanation below, from the Genesis team:
On our mining allocation screens we have coins you can mine directly and those that you can not but you can get payouts in them if you wish. Those coins are marked with AUTO beside them. Auto means autotrade.
I will give you a general explanation of all of your mining options (it will also include explanation for the currently sold out contracts, for your future reference):
With Ether contracts, ETH and ETC can be mined directly. As BTC, ZEC and REP are not mined directly they are labelled (AUTO) so if you assign hashpower to them the following happens: ETH coins are mined and traded at payout time to the coin of your choice.
With Monero, only XMR can be mined directly. All other coins will be autotraded.
With a SHA 256 contract, Bitcoin, UNO and Zetacoin can be mined directly and if you want to have a payout in for example LTC or Doge, then you would assign hashpower to LTC (AUTO) and Doge(AUTO). How it works with a SHA 256 contract is as follows. WIll give an exampe with LTC (AUTO). When you allocate hashpower to LTC (AUTO) Bitcoin is being mined and then at payout time we autotrade the Bitcoin to Litecoin at the latest LTC/BTC exchange rate and then pay out Litecoin to a Litecoin wallet.
With the x11 the following coins can be mined directly: START and DASH. All other coins (BTC, LTC, DOGE, XMR…) will be autotraded, meaning: the mining will be in more profitable coin between START and DASH and then will be autotraded (all coins having AUTO next to the name) on the market with our autotrader to the chosen coin.
With the LiItecoin (currently sold out) contract the following coins can be mined directly: LTC and DOGE. All other coins (BTC, DASH and ZEC) will be autotraded.
Wth the Zcash (currently sold out) only ZEC can be mined directly. All other coins (BTC, ETH) will be autotraded, meaning: the mining will be in ZEC and then will be autotraded (all coins having AUTO next to the name) on the market with our autotrader to the chosen coin.
If you allocate hashpower to any other coins other than the ones in initial setting, then you will get a payout in these coins - that means you will need a wallet address for them coins (for example, a doge wallet for doge, a litecoin wallet address for Litecoin etc.)
Go to your account and under Mining allocation select your contract and see all your options there. If you make adjustments, don't forget to click Save allocation.
You'll have to select your contract first every time, to see your current allocation.
Hope that is helpful! Happy mining guys.
submitted by chiRal123 to GenesisMining [link] [comments]

Can Anybody Please Verify My Decred Mining Calculator Math?

I just added a Decred mining calculator to my PHP-based portfolio app. Here is the mining calculation I used (basically same as Bitcoin's): https://github.com/taoteh1221/DFD_Cryptocoin_Values/blob/masteapp.lib/php/calculators/decred-mining-calculator.php#L15
Live demo here: https://dragonfrugal.com/coin-prices/index.php#calculators
Can anybody confirm the math is correct here? I suck at math, so appreciate a peer review if anybody has time.
Also, if anybody knows of a live API endpoint that sends back DCR block reward data that would be cool (I haven't noticed any for dcrdata.org's API?). Currently I have that as a static / editable field, to update manually as it adjusts over time.
submitted by dragonfrugal to decred [link] [comments]

Who loses more the investor or the environment?

I've been working in the financial market for years, and to be honest, I do not think Cryptocoins is an investment opportunity, for many personal reasons, which does not detract from who believes.
But I have a doubt, because after studying the subject, I did not find the answer, I did not find a rational reason, to answer the question: "What are the uses for the calculations made by crypto-coins?" in the broad sense, of course, a practical application, for example, several supercomputers make daily calculations, in relation to moving celestial bodies, sending rockets to space, among other physical applications.
Because if the sole purpose of the calculation is to be "rewarded" with the crypto-fraction, the possibilities for creating codes are infinite, and these infinite coins may have mining parameters of other infinite forms. One of the parameters is the same as bitcoin, limiting the number and possible amount of mining.
If compared to a CDB for example, the CDB remunerates based on the Bank Spread, you earn a fraction of profit on what financial institutions obtain through other credit operations and etc. In the same way the other numerous investment products.
The logic is always, someone will lose to you to win. The problem is that in these cryptocoins who loses, is the "investor" who buys the currency without proper knowledge, and the environment, because of the high energy expenditure involved in the mining process.
submitted by victortayguara to Bitcoin [link] [comments]

Thoughts and Ideas Regarding Mining

Link to @Daniel_Plante Thread

I'm going to retweet a twitter convo I had on 2019-03-17, reformatted to make it clearer. It's about mining, and #Bitcoin's survivability.
The thread included @petertoddbtc, @VinnyLingham, @BitcoinORama, @misterdna and @desantis IIRC. FYI: () means comment by me after the fact, and [] means a later edit to make things a little more clear. Here it is, comments welcome:
Thanks Mr Mendez (@misterdna), yes I already read it. Too much talking, not enough listening. This question might interest you Alex (@BitcoinORama):
if a hash+memory based cryptocoin proof took [off], would you expect Corsair (Micron?) would include one tiny hash core per DRAM die?
The DRAM industry is at the top of its product adoption S-curve. Razor thin margins, supply contracts years into the future, and R&D cycles give 2% improvement/year. It's not possible to dominate that industry [the way Bitcoin ASIC designers did] with less than $50B and 10 years. DRAM is what's known as a "commodity [mature] product" - not "commodity" as in corn or oil. [But] like toasters or flashlights. The economic inertia is immense. Basically, the only ASIC attack you could do on the DRAM industry is to make your ASIC into a better DRAM. Which of course is a silly notion.
If you want a 2nd opinion, @BitcoinORama might help. Alex, GPUs simply accelerate an algorithm. You already gamed that. Can't game memory. An algo might be gamed. You can't game a solid proof of control of a physical resource. "Memory intensive algos" are a hope and a prayer. Do you want a hybrid Pow+DRAM example?
(@desantis): yes.
Ok... you have a PC. You mine as usual, pick your tx's & assemble your block. Set your nonce, but also set a DRAM size commitment (2, 4, 8 Gb etc). Hash that block, put that hash in memory. Then hash that result and put that in the next mem location, etc. If you use up the DRAM commitment, advance the nonce & start over. If you find the solution, keep hashing/storing to the end of your DRAM commitment, & publish. A lot more detail, but that's basically it. Prove you have a physical [common] resource.
(@desantis) what if I have multiple TB of RAM?
Sure, buy multiple TB of RAM, that's fine. But it can only be served by one hash source. (Most don't grok that critical point.)
(@desantis) the ability to acquire large quantities of RAM becomes the new ASIC, no?
The new ASIC... to a certain extent, but it's bound to a single hash node, and the current global installed base of DRAM, in conjunction with manufacturer contracts precludes that in any practical sense.
(@desantis) where can I read more?
No place in particular. Mentioned it a few times over the years. In detail only now.
(@pa49): I guess the point is that there's no monopoly on DRAM.
(@desantis) there will be once the manufacturers realize their hw prints money, no?
Not really about monopoly, but just a mature industry that a BTC ASIC startup would not have a hope in hell of prying open.
(@BitcoinORama) you can allocate memory to the same package as the chip if justified re: scrypt asics Right Alex, and here's an interesting question: if PoW+DRAM takes [off], will Micron add a tiny hashing core to its DRAM dies?
(@desantis) I think they would.
I think you're right. Under those circumstances, that's what I would advise them to do.
(@BitcoinORama) ahh now i think I get where you are going with this.
Thanks for your help Alex. Our talk the other night gelled my thoughts. yeah I started reading that http://Bitcointalk.org thread today. [It Prodded] me. But 2 more things:
miner has to complete the DRAM commitment but then use the very last hash as input to an algorithm that points back to multiple random results in the DRAM range & publish it.
Keeps him honest.
2nd, if he commits to 26G but finds the answer in the 1st 10M, he might want to quickly start over with a 1G commit if he lies about how much memory per hasher. So, counterintuitively, you make the difficulty setting for 2G twice as high as 4G. (And that was the convo from March 19th 2017. But, something I forgot to add:
DRAM hybrid mining difficulty.
For a PoW+DRAM hybrid, you don't actually have to synchronise them. They work independently. You just design your consensus algorithm to accept the "first past the post" from either of them. Bitcoin's timing is currently designed around 10 minute blocks, & just hashing.
This hybrid design will require a 3-variable DRAM difficulty approach to seamlessly integrate into the hashing paradigm economics. It is wise to accomodate the ASIC designer and miner, so give them 2 years to turn their profits and get out. So you want to make the DRAM part of it very difficcult at first.
Here's the 3 layers:
Layer 1 is the introductory layer: a reverse S-curve, because you want the DRAM success to start slow, then accelerate, then go asymptotic to its final value which will then eclipse pure PoW. It should be 100 times harder to get a block reward using DRAM at first.
Layer 2 is the core value: long term DRAM difficulty calculation - it is recalculated the same as the current Bitcoin one, every 2 weeks or so.
Layer 3 is dependent on your memory size commitment before you start to hash and store results. Reconciling these 3 variables gives you your difficulty level before you start a hash/store run.
Again, all you have to do to restore mining to the masses is tie it to a real world physical resource everybody has, and/or can easily get. I've said many times that the "proof" needs more than "decentralized" - it absolutely requires "massively diffuse" or it won't work:
ie,"a miner in every home".
And that's the software side of things. The hardware side (internet physical infrastructure that you don't control) is yet another sticky point. I have a couple of ideas about that, but I sense that very few will embrace the unavoidable tradeoffs. Thanks for your time.)
Update: I found a critical flaw
A miner with ASICs could just hash at full speed "off line" without storing results, find the solution, then pass the data + nonce to a PC with DRAM to reproduce that winning pass but store the results.
Solution: Instead of using the very last hash to compute a memory location to publish, you instead do it periodically during the hashing run, eg every 1024 hashes or 65536 or whatever. Use the value at that location to XOR with your last hash. Repeat through your run.
submitted by thimblewimble to Mimblewimble [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.
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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:
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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.
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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
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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.
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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. 
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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]

Nebulas Overview (up-to-date) and some things I am concerned about. What do you think?

NEBULAS PROJECT
Over the last few years, the world has seen a dramatic increase of blockchain projects to over 2,000 cryptocoins/ projects with a global asset value amounting to over $90 billion dollars.
With the popularity of blockchain technology, more blockchain-based application scenarios are emerging. For example, Ethereum community introduced the concept of smart contract to blockchain technology; Ripple implemented a global settlement system using blockchain technology.
With the mass volume of Dapps (decentralised apps) coming into the market, it can be hard for new projects to find the best templates and smart contracts they can use. Nebulas steps in here with the aim to build a search engine for blockchain applications and smart contracts. I.e. to say, the google of blockchain.
There are 4 pillars to the Nebulas project, if you understand these 4 pillars, you understand Nebulas.
Nebulas Ranking. Nebulas will give each Dapps a ranking. It does this by considering 3 dimensions: liquidity, interoperability and propagation of the address. The sum score of these 3 dimensions will be known as “unit of repetition”. A higher the unit of reputation represents the DApp or smart contract is used more, and is more valuable to the crypto community. The more valuable it is, the more highlighted it becomes on the search engine and makes it easier for a newcomer to pick the good technology over the not-so good ones. The longterm upside value of the ranking system then is a filter effect that filters the great from the not-so good, meaning we will see more and more applications built using great templates resulting in Nebulas platform being known for outstanding projects.
The second pillar is the Nebulas Force. Currently many blockchain projects have forks. The forks occur because the current system is unable to keep with the demands, and there is a difference in opinion about how to go about the upgrade. But Nebulas is trying to have foresight here, but building from the start, a system that can “self-evolve” to achieve faster computing, better resilience, and enhanced user experience under minimal intervention, thus nullifying the need for any future fork.
In Nebulas’system architecture, base protocols will become part of the data on the blockchain and achieve upgrade through the addition of data. As for smart contracts on Nebulas, upgrade is made possible by enabling cross-contract access to state variables at the bottom layer storage of smart contracts. So it’s a bit technical, but basically they have found a way to make Nebulus self-evolving, and if it happens Nebulas will be have a huge advantage over other public blockchains in terms of developmental and survival potential. It also allows developers to respond faster to loopholes with upgrades and prevents huge losses caused by hacking.
The third pillar is Developer Incentive Protocol (DIP) DIP is in essence, as it name suggests, an incentive! In order to create a good community for Nebulas, Nebulas will express appreciation to outstanding smart contract by rewarding them NAS (Nebulas tokens). An excellent smart contract depends on how many users are willing to use it. The more use, the greater the reward. But also high-value accounts with better smart contracts will also get better rewards. And this rewarding will be weekly! Which is huge, it also means they are not about creating competition, but really about rewarding/ incentivising good performance, otherwise they would have it as a yearly big reward for projects to compete stats. But its not a stats game, it’s just an incentive reward to perform better.
Back in May 2017, they did an experimental run to test if it was really accurate in picking out the top performers, The page is found in their whitepaper, but as you can see, the top-ranked contracts are more famous and more active in the calculation cycle, which are in line with our original intention of motivating the eco-builders.
Proof of Devotion Blockchain projects run off consensus algorithms. Consensus algorithims is done by miners and help to ensure that the next block in a blockchain is the one and only version of the truth, and it prevents derailing of the system or forking. The two most famous concensus algorithms are Bitcoin’s proof of work, and Ethereum’s recent proof of stake (Ethereum used to use proof of work, but earlier this year changed to proof of stake using Casper system). You can take part in this validation step to help the system do the work, and in return be rewarded in tokens. This is called mining or staking depending on the name of the consensus algorithm. Nebulas uses a unique consensus algorithm known as Proof of Devotion (POD). To participate in this, you have to be a developer of a DApp. To be a validator, you will need to stake a deposit of X amount of tokens. Then, multiple validators (per transaction) will have to agree on the result, and, each will be rewarded 1.5x the amount staked.
The masternodes of this system are called Book-keepers. They are chosen based on Nebulas ranking score and offered a chance to be book-keepers by offering a deposit. Full details of this process is not released yet, we expect more details in the future and some of the information I provide today may have changed by then.
Team: Ok, enough technical stuff. Let’s look at the team. The team is very impressive. The founder of this team, Mr Hitters Xu, was also the founder of Neo who was also the director of Ant financials blockchain platform (alibaba’s financial arm), you go down the list, there is more links with Neo and Alibaba, people from Dolphin browser, IBM, AirBnB US, Google, and so on. It’s very very impressive.
Capture1.PNG
My only question is “how do they look so young?” They all look very young, and this guy looks like he’s in high school!
Capture.PNG
But there you go, they are a solid team with the secret to youth. If they were in skin care business, I’d put all my money on them.
Partners: • You can see on their website their list of partners, • Recent notable partners include GIFTO- child project of UPLive, with millions of users. • And Dolphin Browser (added in the last week, not updated on the website yet)—mobile browser with over 200million users. (no surprise given their team’s resume) • So some decent partners, with lots of room to grow, but not bad considering they are only at testnet phase.
partners.PNG
Things to look forward too: • Mainnet launch soon! In march. That will come with the wallet of course. • Next major development in their roadmap is the self-evolving system, but that’s happening only in Dec. As an investor, nothing wrong with this, but as a trader, it’s a bit boring and in the meantime, they would be relying on new partnerships etc.. to provide some excitement to raise the token price.
A few points of potential concerns: • With Nebulas ranking, the first and bigger players may get a high unit of reputation, however, newer technology will start small in ranking and be likely drowned by the already high unit of reputation of existing older DApps.
• It is likely that with Proof of Devotion as well, because it relies on ranking system, big prominent companies will also stand higher chance for big returns as opposed to smaller newer i.e. any weakness in the ranking system will be reflected similarly in the proof of devotion system. This may make Nebulas only attractive to bigger players.
• Self-evolving feature of the Nebulas project is only due to be released in Q4, so it is still too early definitely say it will succeed. If it doesn’t succeed, it will be abig blow to the team. But given their solid team, this is unlikely to happen. The upside to this, is when it is announced that have a working self-evolving blockchain product, their worth is going to skyrocket, which investors will love to see.
• The next concern is that currently,only about 35% of total token supply has been released, this is very low, usually it is above 60-65% so this is almost half of what you would expect. They explained the low supply is to accommodate Developer Incentive Protocol rewards. But what happens when it reaches 100% supply and still have to give DIP. Is the system not sustainable then? Because the whole system is very reward based. Also with almost 2/3 of tokens still to be released, will this hinder the price inflation? Cos releasing tokens theoretically lower the price.
• My last not so positive comment is about the logo. It’s super plain. I was like “is this the black and white version?” Not trying to be rude, but it looks like a primary school kid drawing that hasn’t been colored. I personally, don’t think it’s a great enough representation of a $300million dollar company aiming to be a multi-billion dollar company. It just doesn’t look much effort was put into it. And its apparently a new logo a few months old! Oh dear. I’m sure they can do better. I hope they have another logo rebrand soon.
1.PNG
Do you have any concerns about this project too?
Source: Cryptolite-- Youtube; "Nebulas: Google of blockchain?"
submitted by imocrypto to nebulas [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]

Sorry, is anyone able to answer a few noob questions about Ethereum?

Hi, I first heard of Ethereum about a month ago. Figured it for another cryptocoin and didn't think much about it. The other day I saw how much it had shot up in price since last month and that had me interested.
So I've looked over the ELI5 and videos in the Getting Started post as well as some more on Youtube, but it's either too simple explanations or too advanced ones...
  1. So, from what I understand, it differs from other cryptocurrencies in that it has some connection to distributed computing. I'm still not following how that works. Does the wallet application run stuff on your computer in the background, or is it all run on dedicated mining rigs or does your computer do some calculation whenever you pay with Ethereum? Where does the fuel stuff fit in the picture? Is the fuel the money in your wallet?
  2. CAN I even pay for things with Ethereum?
  3. What prevents someone from using all this processing power to create a giant botnet and DDOS things?
  4. Is there any safeguards in place to prevent corruption or scams like what happened with Bitcoin and MTGOX etc?
  5. Also (, and I'm too stupid to actually be able to do this, but) if I were to develop something to use Ethereum... how do I profit from that? Or what is the benefit for developers to use it?
  6. Does this (or is it an attempt to) solve the issues with net neutrality we're facing right now?
I probably have more questions, but those are the things that confuse me enough to be able to formulate them as proper questions. Appreciate any answers. Thanks!
Edit: For an analogy of how the money and computing power might be connected, could you say that the Ethereum coins themselves are like tickets to use the global network, that can be bought and sold and traded, and then used up to perform computations on the global network?
submitted by SavantButDeadly to ethereum [link] [comments]

The Strange Birth & History of Monero, Part I: WTF is Bytecoin?

If you are going to do large scale speculation on Monero as a major future currency you need to do a lot of reading and draw your own conclusions. You should never 'invest' in something you don't feel like you understand as thoroughly as you possibly can.
Fortunately, bitcointalk still has the creation of Monero nicely preserved for us to peruse at our leisure. I feel like anyone who is considering owning a significant amount needs to read every post from the initial announcement/discovery of Bytecoin, through the decision to fork and create BitMonero, to the eventual takeover by our current devs to "Monero". You will see a lot of oddities and scenic posts along the way.
Just be careful and don't stare too deeply into the canyon, even if we give you a glass walkway to observe it with: it's very deep.
I'll post a few shortcuts of interest to get you started, and I may update this list a few times so don't mind it if it gets larger. You are welcome to post your own scenic shortcuts in the comments. Today I want to focus on the Bytecoin announcement topic, and look at some of the notable posts there that led to the discovery of the massive premine and the decision to create a Bytecoin fork.
Welcome To Bytecoin, a revolution in digital currency https://bitcointalk.org/index.php?topic=512747.msg5661039#msg5661039
Notable comments in this thread: -2: "I have deja vu, like it was with bitcoin." (https://bitcointalk.org/index.php?topic=512747.msg5672781#msg5672781)
-25: "...according to the BCN website it was launched as Bytecoin about 1.5 years ago (Jul,2012)" (https://bitcointalk.org/index.php?topic=512747.msg5875713#msg5875713)
-90: "Very interesting coin. But two years without official exchange?" (https://bitcointalk.org/index.php?topic=512747.msg5981866#msg5981866)
-105: "can someone tell me how many coins are already in existence out of the 184billion?" (https://bitcointalk.org/index.php?topic=512747.msg6010395#msg6010395)
-106: "I don't really get it... So who mined it before? There are many references to "community" on bytecoin's page - where exactly is this community? On wiki there is reference to mailing list... But no link to it." (https://bitcointalk.org/index.php?topic=512747.msg6011193#msg6011193)
-115: "Does anybody know somebody who is in the BCN community from the very beginning? " (https://bitcointalk.org/index.php?topic=512747.msg6020221#msg6020221)
-116: "I don't. They are like a secret society." (https://bitcointalk.org/index.php?topic=512747.msg6020501#msg6020501)
-144: "So if there's 150 billion coins in circulation, then more than 80% of the total supply has been mined already. What happens when block reward drops to zero? Will there be a perpetual debasement to keep paying miners?" (https://bitcointalk.org/index.php?topic=512747.msg6043629#msg6043629)
-159: "are you involved in this project?" [to thankful_for_today] (https://bitcointalk.org/index.php?topic=512747.msg6050400#msg6050400)
-160: "I would like to. I've downloaded code from githab and it behaves bad" [thankful_for_today] (https://bitcointalk.org/index.php?topic=512747.msg6050664#msg6050664)
-167: "More and more i think this project was only done for research and was never mentioned to be used as a "real" crypto currency. I found some shady references by a group called bitcoin of things." [x0rcist, who continues to make some stunning insights for the rest of the thread] (https://bitcointalk.org/index.php?topic=512747.msg6053502#msg6053502)
-183: "Wow, this thread has bursted during last days. I feel the whole story is getting more weird with each day. Has anybody tried figuring out anything at Cryptonote forum? I'll be digging through it today." (https://bitcointalk.org/index.php?topic=512747.msg6066456#msg6066456)
-203: [x0rcist solves a pgp hidden message in an associated onion site] (https://bitcointalk.org/index.php?topic=512747.msg6089531#msg6089531)
-215: "I did some calculations about emission too. Here are details:
columns: - % emitted coins - block number - number of coins emmited
-> 2012, July 5.00029% 13446 9223904354 10.0005% 27620 18447646972 20.0007% 58497 36894821466 30.0011% 93503 55342193586 40.0015% 133915 73789671290 50.0017% 181712 92236877088 60.0019% 240211 110683937917 70.0021% 315631 129131083278 80.0022% 421932 147578077748 81.0023% 435380 149422786035 82.0023% 449556 151267574552 -> we are somewhere here 83.0023% 464542 153112285872 84.0024% 480437 154957005006 85.0024% 497358 156801686510" [thankful_for_today calculates exactly how many coins have been mined up until that point, April 8th, 2014] (https://bitcointalk.org/index.php?topic=512747.msg6123624#msg6123624)
-216: https://i.imgur.com/o7MQPHc.png [x0rcist shows a graph detailing that information] (https://bitcointalk.org/index.php?topic=512747.msg6124035#msg6124035)
-217: "I'm surprised someone hasn't started a clone for a fairer distribution and active development." [future Monero developer eizh finally drops the truth bomb] (https://bitcointalk.org/index.php?topic=512747.msg6126012#msg6126012)
-218: "If you read the last few comments you see that thankfull_for_today is busy with this. Also this coin was written from scratch so it needs time for developing a clone as its not based on bitcoin's codebase and there is not much documentation about it (yet)" (https://bitcointalk.org/index.php?topic=512747.msg6126244#msg6126244)
-219: "Yes, I confirm. I'll post parameters and other details soon." [thankful_for_today] (https://bitcointalk.org/index.php?topic=512747.msg6126287#msg6126287)
-221: "That's great. How well do we understand this protocol? Something being hidden for nearly 2 years despite having such a fundamental advantage seems unlikely. It almost seems like a hoax. I'm really hoping otherwise and look forward to your work." [eizh] (https://bitcointalk.org/index.php?topic=512747.msg6126562#msg6126562)
-222: "Who would develop a hoax like this from scratch and keep it under the radar for 2 years? To me its clear they first wanted to get the technology out of Beta before presenting it to the world. There are forces in the world that dont want things like this being developed in the first place and this pressure can be avoided by hidding it.
ps. take a look at the source code and be baffled about how clean this code is compared to bitcoin" [x0rcist] (https://bitcointalk.org/index.php?topic=512747.msg6126915#msg6126915)
-223: "i received the message from a man who wants to buy all my BCN he asked me to add a buy order for 100,000,000 BCN to spreadsheet. looks strange." [user abit2slo encounters someone trying to wrap up the Bytecoin launch and bury it, but that's my speculation] (https://bitcointalk.org/index.php?topic=512747.msg6127073#msg6127073)
-231: "Thats Pink Floyd - Another Brick in the Wall
Also in the source this was added <--! Part2 13:4 ,5 ,16:3 ,16 ,19:1 ,15 ,22:3 ,11 ,5:7, 14, 10:5 " [x0rcist comments on a puzzle posted on the Bytecoin website, one which he would later solve in a future comment] (https://bitcointalk.org/index.php?topic=512747.msg6128013#msg6128013)
-246: "are you a cryptographer?" [abit2slo impressed with x0rcist's solution to the encoded message, included for the lulz] (https://bitcointalk.org/index.php?topic=512747.msg6129764#msg6129764)
-263: "If it can deliver on its promises this is the most innovative development since bitcoin. Bitcoin has a four year reward halving schedule, and by the first halving, the bitcoin economy was at least somewhat fairly developed. This one seems to be more like one year for halving, and maybe there is development in the dark web somewhere, but unless we can see some evidence of it or people buying 100m coins to arbitrage between the dark web and the light web (which would be evidence of it) turns out to be real, then we have a situation that looks a lot like a premine (perhaps unintentional).
I can see an argument for shortening the schedule relative to bitcoin, but going to one year is probably taking it too far. BTW, it is simple to slow down the schedule, just increase the denominator in the reward formula. If you speed up the blocks to a minute, which I'm not sure is necessarily a good idea, then you need to double the denominator to keep the schedule the same.
I would contribute this effort if I'm impressed with the team and vision. PM me when you have more in place." [A new challenger, smooth, has entered the arena, especially considering what he finds at https://forum.cryptonote.org/viewtopic.php?f=6&t=6#p8] (https://bitcointalk.org/index.php?topic=512747.msg6135077#msg6135077)
-267: "If we're going to create a bcn derivative, I think we need to have a serious community discussion about possible changes and improvements in the next iteration. For example:
-275: "Adam Back is famous figure in cryptography and Bitcoin’s world and he began in 90s before Satoshi. And looks as he knows about Cryptonote a long-long time." (https://bitcointalk.org/index.php?topic=512747.msg6141617#msg6141617)
-285: "i don't support this idea with forking. we are free to do it, but should we? adam back said every cryptocoin "need a reason for existence; but to make you rich is not a reason" the fact that we are a little bit late to this train is not a reason at all too. cause there will always be somebody who is late." [abit2slo questions the wisdom of the impending fork] (https://bitcointalk.org/index.php?topic=512747.msg6146155#msg6146155)
-286: "The question is whether there actually is a train.
If it is just a few people holding the existing coins but no real development of a market, that is nothing but a preminel which is the worst case of 'to make you rich.' If the coin actually has significant adoption, value and usage (even if not apparent right now), then I agree with what you said." [smooth counters] (https://bitcointalk.org/index.php?topic=512747.msg6146256#msg6146256)
-288: "Showing up late is one thing -- most people on this forum were "late" to BTC relative to its 5-year history. But this wasn't even made available to the general public until 80% of the supply was mined. That's qualitatively different and delegitimizes it in my eyes. It's also just plain bad for market confidence because the history is unknown." [eizh chimes in as well] (https://bitcointalk.org/index.php?topic=512747.msg6146313#msg6146313)
-291: "Hi!
Here is an announcement of new currency based on CryptoNote with a list of things (still incomplete) I plan to change: https://bitcointalk.org/index.php?topic=563821.0
Welcome to discuss." [thankful_for_today makes plans to launch bitmonero, intended to be a fair fork of Bytecoin that restarts the mining rewards at the genesis block] (https://bitcointalk.org/index.php?topic=512747.msg6146717#msg6146717)
Whew!
That's not all that's worth seeing in that thread. I just highlighted some of the most important comments from the first 300, but I surely missed a few. Also, I know that important discussion continued to take place after that as well. Those excerpts only took us to page 15 in the topic and as of writing there are 234 (!!) pages of Bytecoin history to sift through.
The main takeaways should be this though:
  • Cryptonote came out of nowhere in the beginning of 2014, by way of an implementation known as Bytecoin.
  • No one had any idea who created this, and the code was incredibly sharp for a new project indicating that it had been refined for some time before that. (in stark contrast to the mess that was early bitcoin, as one poster put it)
  • The initial excitement over Bytecoin waned as people realized that it had been mined for years and they couldn't figure out anyone who had ever heard of it before then (early 2014). In fact approximately 80% had already been mined by the time the first altcoin enthusiasts heard of it.
  • Some users, including thankful_for_today, propose a fair fork of the technology but everyone was cautious because they don't want to take a piss all over the creators of cryptonote.
  • It is pointed out that the creators of cryptonote actually encourage others to create cryptocurrencies based off it, and do not claim it is a cryptocurrency in itself.
  • It is decided to create "bitmonero" and a new topic for discussion of that begins.
In future installments we will explore the initial days of BitMonero, the hasty launch that ignored the desires and concerns of the community, and the 'takeover' that brought us here to Monero today. Say what you will, but by virtue of having such a strange Chutes & Ladders type past, Monero allows us to focus on what's important: organic community growth and the technology itself. It helps avoid the nasty conspiracy theories and the "who is Satoshi" controversy that surrounds and plagues bitcoin. Some of us own a lot of Monero, but no one was shadow mining it for years before it became public knowledge.
In fact, Monero is so new that there is still time for anyone to be a Monero whale. Looking at the coin price since inception no one can rightly complain they were late to the party at this point. In fact, many of the early adopters paid a heavier price for their coins than we do today. Monero is down off its all time high of around $5.00 a coin during the initial ultra-speculation that surrounded it, and it is only now attaining the next tier of awareness.
The next generation of crypto-currency is here, and once you reduce and collapse all the variables you are looking at possibly the fairest launch in history of a cryptocurrency:
No one has gotten rich yet in the Monero speculation phase, and everyone is still invited to the party.
submitted by americanpegasus to Monero [link] [comments]

HTMLCOIN: The “Little Guy” that isn’t Giving Up

HTMLCOIN: The “Little Guy” that isn’t Giving Up
By Rich Chambers, B.A., M.A. Director of Publications The Htmlcoin Foundation
  1. Background
I live on the east coast of the United States. I am a family man. I suppose you could call cryptocurrency a hobby, a small one mind you, but still a hobby that I am interested in.
  1. Has your previous work helped spark your interest in cryptocurrency?
My old boss (back in 2013) was very into Bitcoin and, to a lesser degree, Litecoin and Dogecoin. When he talked about all of this stuff, I was clueless. Still, his interest in it, and his constant quoting of the price of bitcoin, was enough to at least pique my interest.
  1. When was the, "ah-ha," moment for you?
It was less of an “ah-ha” moment and more of a "wow, this stuff is everywhere" moment. I realized pretty quickly that everybody was making their own coins. I also realized that I had no idea how to acquire these coins. I didn’t have any of the required software or hardware to make it work. So, I quickly learned about mining and pools, and started using available desktops (legally, don't worry) to start mining scrypt coins.
If I had to be totally honest, as a dabbler in this stuff, it still mystifies me. At the most basic level, I understand the block-chain to be a "public ledger" of private payments. I don't know if it has changed the world yet, but it surely isn't going away any time soon. If we suggest that BTC is the "proof of concept" for all this, then that's one hell of a concept--$4000+ for one coin.
  1. How do you think Crypto-currency will benefit people?
It will benefit people in a couple ways. Firstly, it decentralizes currency. I can pay a person in China and there's no "Well, how much is that in their currency?" taking place. No calculations are necessary. It is worth the same everywhere. Secondly, there's almost no limit. I don't mean in regard to the number of coins, but to the possibilities. All it will take to make HTMLCOIN valuable is for people to simply accept that it is. If you sell stuff and charge HTMLCOIN for it, you clearly think it's valuable. In turn, if I hold or have the coin, I probably think the same. You can set the price; I can pay it. As with almost any market, the people will decide. In this case, the product is the currency itself.
  1. How did you find HTMLCOIN?
HTMLCOIN was literally just on the list of "new scrypt coins" that I saw one day on the Bitcoin Talk forums a few years ago. By the time I found it, I had already purchased a few dualminer USB dongles that were churning out 70kh/s. They were supposed to do the sha-256 algorithm, but I could never get that to work. Alas, I digress. Still, with a handful of these USB miners and the desktops still doing their thing, I was getting 1-2 million HTMLCOINS per day. It didn’t matter to me if they were ever going to be worth anything. I just liked seeing the big numbers…lol.
I initially joined the community at large because I was interested in seeing opinions of the coin. Back in the early days, they weren't very flattering, but that was to be expected amidst the endless "hey, here's a new coin that will ultimately go bust” attitudes.
  1. Are you a miner or trader with of HTMLCOIN?
My early mining days were almost comical. I was amassing so many coins. But here is where HTMLCOIN was a huge benefit for me. Because it was so easy to acquire and people were literally “giving” it away, I had no fear trading it in large quantities for other coins (namely Dogecoin). It didn't matter, millions more were coming. I could get Dogecoin and then buy back some more HTMLCOIN at a much lower cost. Essentially, I was trading back and forth and increasing quantities of both coins. All the while, I was learning more about the cryptocurrency market and HTMLCOIN.
  1. Which do you find most inspiring about HTMLCOIN?
Honestly, the community is what I find to be the most inspiring aspect of HTMLCOIN. In order for a cryptocoin to thrive, there has to be an enthusiastic community. If there aren't people behind it, it will die. I have watched this happen to so many coins that had so many initial cheerleaders but no true community commitment. Watching the HTMLCOIN community never give up on the coin, and working to continually improve it, might be one for the books. :-)
  1. How might HTMLCOIN change people's lives?
If HTMLCOIN ever hits even 1¢ in USD, some people might find themselves "accidental millionaires."
  1. Any additional thoughts you want to express to the HTMLCOIN community and to the world?
I have been a supporter of HTMLCOIN since I first discovered it. Amando has been quite the promoter of this coin since the beginning. I have always felt like he has been nothing but sincere in his push for the coin. And honestly, if he was not sincere, the coin would have disappeared in 2014 or 2015. But here we are in the latter half of 2017.The coin is still here and trading at the best price I've seen. I'm not going anywhere.
Keep doing what you're doing HTMLCOIN. Keep defying the odds and all your detractors. I think it's refreshing to see that the "little guy" isn't giving up.
Respondent: Bitcoin Talk user id: DoofyMusic
submitted by HTMLCOIN to htmlcoin_community [link] [comments]

JavaScript mining client

Hello miners,
I'm looking for a JavaScript CPU based mining client for really any cryptocoin out there. I'd prefer bitcoin of course, but I'd be down for some of the others if you got a scrypt one.
I'd really like it if this JavaScript miner is able to work on a p2pool node, but not required.
do they all require backed server commands or can it be purely the JavaScript client doing all the work?
This is purely for an ethical project. (not gonna go XSS a bunch of people)
edit: I know it would be slow. the thing is JavaScript can be distributed through web applications, and also used for human verification. if it could calculate one hash in less than 10 second that one be enough.
edit 2: So everyone says you cant, but then I find this: https://github.com/derjanb/hamiyoca
even supports gpu
submitted by IDSninja to BitcoinMining [link] [comments]

Platincoin: the new coin makes a bet on minting and techno products

The new cryptosystem, Platincoin, allows users to earn by minting - not by mining. Why and how exactly?
IF THERE IS MINING, WHY IS THERE SOMETHING ELSE?
Once upon a time everyone who knew about Bitcoin knew how to mine. They could do this at home using their ordinary computers and spend the new coins on pizza or save them in the hope that they would become a millionaire in 10 years. Back then, cryptotechnologies and their users understood each other perfectly.
Today everyone knows about Bitcoin, but far from everyone understands how to mine. New cryptocurrencies are appearing very fast: thousands of people want to create their own coins, millions of people are ready to mine or want to buy. But let's be honest: people who want to buy laundry detergent or a new smartphone have always been, and always will be, more than those willing to mine and buy Bitcoins. Moreover, even those who have invested in Bitcoin, even at its peak, are still less than the people willing to invest in the usual areas: industry, land, gold.
So, cryptocurrencies became popular and interesting, but did not become a product of mass consumption. And also let's not forget about the fact that 90% of Bitcoins are acquired for the sake of speculation by experienced and well-informed people, actual professionals in this field. And 80% of Bitcoins lie dormant as long-term investments in wallets and are not touched for years.
LET'S THINK, WHAT DOES PLATINCOIN OFFER?
Platincoin is based on the technology of Litecoin, so it's understandable why it offers stability and fast transaction speed to users. It inherited from Litecoin more protection from attacks, flexibility, and the willingness to adapt to new technologies such as Segregated Witness and Lightning network. This is all widely known.
But then Platincoin engineers set a significant task for themselves: to move away from the expensive Proof-of-Work mining and to begin using Proof-of-Stake as some other cryptocurrencies use. As a result, a new mechanism for processing transactions and calculating remuneration was born - Platincoin Minting. The developers argue that this method is not only less expensive but also guarantees an honest and fair distribution of payment among network members.
So, Platincoin Minting differs from the usual mining, like a win-win lottery does from a usual one. The technology is based on Smart Contracts and the non-standard implementation of proof-of-stake in the blockchain and guarantees up to 20% per annum to each member of the network.
CAN I HAVE MORE? (Spoiler: "You can!")
The Platincoin Minting program gives the chance to participate in a cryptobusiness to all those who wish to do so. Since you do not need to mine anything, you do not need to understand the subtleties of the cryptoworld. Just as you don't need to know how an engine works to make money on advertising a car brand. All that is needed to begin is the seed money that the user is ready to invest and, preferably, a device called the PLC Secure Box which was developed by Platincoin engineers. The size of the box resembles a pocket book and consumes slightly more energy than your smartphone. The user installs it himself and transfers a certain amount to his PLC wallet, which he can not withdraw for a specific period. The box does everything itself, and minted Platincoins drip into the account of its owner.
The size of the daily portion of coins depends on how much the owner of the box has contributed. And it does not depend on the number of other participants in the network, or on the computing power of the computer, or on anything else. There are no insanely difficult tasks that need to be solved by a computer or a huge number of participants.
In addition to the patented device, PLC Secure Box, Platincoin offers users other technological innovations and improvements. For example, mobile wallets for Platincoin on Android and iOS have an unprecedented level of protection against today's hacking due to non-standard encryption and the fact that the user's private key is stored on the user's device only. And the sender chooses who will pay the commission - by them, 50/50 with the recipient, or completely by the recipient. But users also can do minting without PLC Secure Box using only the Platincoin minting software. For that they need to visit the website platincoin.com and buy a license for a certain amount and speed of minting.
Platincoin was developed in the end of 2016 and entered exchanges on March 16, 2018. Thus, today it is an entire cryptosystem in which there is also a cryptomessenger in addition to the blockchain, an improved wallet, and a box for minting. This messenger application allows you to exchange messages, audio and video calls, and also - Platincoins. That is, users can send cryptocoins to each other, and therefore, make purchases.
Perhaps at this point you want to ask the creators of Platincoin: why so many complications, technologies, inventions - why not quickly release an ICO like many others? See the answer below.
WHY SO MUCH TROUBLE? It turns out that the founders of Platincoin specifically conceived the creation of a new generation cryptosystem designed for mainstream users from the very beginning. That is, not a coin for cryptofans, but a coin for daily use - including for those people who know nothing about cryptoencryption or about mining.
According to the authors of the cryptosystem, not only we, but our parents and our grandparents will be able to make purchases with cryptocoins without delving into the subtleties of the technology. And the technology does what it is supposed to do.
With the help of the PLC Secure Box, the minting program gives people the opportunity to receive additional income without much effort and for a small amount. The cryptomessenger will help attract the attention of mainstream users to the new coin and create a community of many millions. Sending coins in a message to any contact in your phone book is nothing complicated, is it?
An even more common way of paying for services is a debit card. With a Platincoin brand card you can pay for anything you want, where you want, and when you want. And this is another benefit of Platincoin in the eyes of mass users who are used to traditional financial and banking services.
Wait, we said: "Bank"? So, Platincoin is going to compete with banks? Not at all. On the contrary, the cryptosystem was designed taking into account the prospects of cooperation with the government and financial sector. For example, we have created our own compliance department, which will carry out KYC for users.
The fact is that the founders of the cryptosystem initially created the product in accordance with regulatory requirements. Moreover, they love strict rules of compliance and consider them a bridge to a regulated financial world for crypto and fiat.
Finally, Platincoin is now creating a cryptofund - a structured financial product that will work in Europe and Asia. According to the idea of its creators, it will combine cryptocurrencies with classical assets such as gold. This will give people the opportunity to heavily, and legally, invest in the cryptosector.
Thus by minting and providing financial and technological products, as well as convenient conditions for the use and investment, Platincoin can quietly and without unnecessary noise, become the first cryptocoin which really works as a means of payment and is recognized by government agencies. The plan looks magnificent. The cryptoworld is waiting for a successful execution.
submitted by Platincoin_Official to u/Platincoin_Official [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]

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