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Mining for Profitability - Horizen (formerly ZenCash) Thanks Early GPU Miners
Thank you for inviting Horizen to the GPU mining AMA! ZEN had a great run of GPU mining that lasted well over a year, and brought lots of value to the early Zclassic miners. It is mined using Equihash protocol, and there have been ASIC miners available for the algorithm since about June of 2018. GPU mining is not really profitable for Horizen at this point in time. We’ve got a lot of miners in the Horizen community, and many GPU miners also buy ASIC miners. Happy to talk about algorithm changes, security, and any other aspect of mining in the questions below. There are also links to the Horizen website, blog post, etc. below. So, if I’m not here to ask you to mine, hold, and love ZEN, what can I offer? Notes on some of the lessons I’ve learned about maximizing mining profitability. An update on Horizen - there is life after moving on from GPU mining. As well as answering your questions during the next 7 days. _____________________________________________________________________________________________________
Mining for Profitability - Horizen (formerly ZenCash) Thanks Early GPU Miners
Author: Rolf Versluis - co-founder of Horizen
In GPU mining, just like in many of the activities involved with Bitcoin and cryptocurrencies, there is both a cycle and a progression. The Bitcoin price cycle is fairly steady, and by creating a personal handbook of actions to take during the cycle, GPU miners can maximize their profitability. Maximizing profitability isn't the only aspect of GPU mining that is important, of course, but it is helpful to be able to invest in new hardware, and be able to have enough time to spend on building and maintaining the GPU miners. If it was a constant process that also involved losing money, then it wouldn't be as much fun.
For a given mining algorithm, there is definitely a technology progression. We can look back on the technology that was used to mine Bitcoin and see how it first started off as Central Processing Unit (CPU) mining, then it moved to Graphical Processing Unit (GPU) mining, then Field Programmable Gate Array (FPGA), and then Application Specific Integrated Circuit (ASIC). Throughout this evolution we have witnessed a variety of unsavory business practices that unfortunately still happen on occasion, like ASIC Miner manufacturers taking pre-orders 6 months in advance, GPU manufacturers creating commercial cards for large farms that are difficult for retail customers to secure and ASIC Miner manufacturers mining on gear for months before making it available for sale. When a new crypto-currency is created, in many cases a new mining algorithm is created also. This is important, because if an existing algorithm was used, the coin would be open to a 51% attack from day one, and may not even be able to build a valid blockchain. Because there's such a focus on profitable software, developers for GPU mining applications are usually able to write a mining application fairly rapidly, then iterate it to the limit of current GPU technology. If it looks like a promising new cryptocurrency, FPGA stream developers and ASIC Hardware Developers start working on their designs at the same time. The people who create the hashing algorithms run by the miners are usually not very familiar with the design capabilities of Hardware manufacturers. Building application-specific semiconductors is an industry that's almost 60 years old now, and FPGA’s have been around for almost 35 years. This is an industry that has very experienced engineers using advanced design and modeling tools. Promising cryptocurrencies are usually ones that are deploying new technology, or going after a big market, and who have at least a team of talented software developers. In the best case, the project has a full-stack business team involving development, project management, systems administration, marketing, sales, and leadership. This is the type of project that attracts early investment from the market, which will drive the price of the coin up significantly in the first year. For any cryptocurrency that's a worthwhile investment of time, money, and electricity for the hashing, there will be a ASIC miners developed for it. Instead of fighting this technology progression, GPU miners may be better off recognizing it as inevitable, and taking advantage of the cryptocurrency cycle to maximize GPU mining profitability instead.
Cryptocurrency Price Cycle
For quality crypto projects, in addition to the one-way technology progression of CPU -> GPU -> FPGA -> ASIC, there is an upward price progression. More importantly, there is a cryptocurrency price cycle that oscillates around an overall upgrade price progression. Plotted against time, a cycle with an upward progressions looks like a sine wave with an ever increasing average value, which is what we see so far with the Bitcoin price. Cryptocurrency price cycle and progression for miners This means mining promising new cryptocurrencies with GPU miners, holding them as the price rises, and being ready to sell a significant portion in the first year. Just about every cryptocurrency is going to have a sharp price rise at some point, whether through institutional investor interest or by being the target of a pump-and-dump operation. It’s especially likely in the first year, while the supply is low and there is not much trading volume or liquidity on exchanges. Miners need to operate in the world of government money, as well as cryptocurrency. The people who run mining businesses at some point have to start selling their mining proceeds to pay the bills, and to buy new equipment as the existing equipment becomes obsolete. Working to maximize profitability means more than just mining new cryptocurrencies, it also means learning when to sell and how to manage money.
Managing Cash for Miners
The worst thing that can happen to a business is to run out of cash. When that happens, the business usually shuts down and goes into bankruptcy. Sometimes an investor comes in and picks up the pieces, but at the point the former owners become employees. There are two sides to managing cash - one is earning it, the other is spending it, and the cryptocurrency price cycle can tell the GPU miner when it is the best time to do certain things. A market top and bottom is easy to recognize in hindsight, and harder to see when in the middle of it. Even if a miner is able to recognize the tops and bottoms, it is difficult to act when there is so much hype and positivity at the top of the cycle, and so much gloom and doom at the bottom. A decent rule of thumb for the last few cycles appears to be that at the top and bottom of the cycle BTC is 10x as expensive compared to USD as the last cycle. Newer crypto projects tend to have bigger price swings than Bitcoin, and during the rising of the pricing cycle there is the possibility that an altcoin will have a rise to 100x its starting price. Taking profits from selling altcoins during the rise is important, but so is maintaining a reserve. In order to catch a 100x move, it may be worth the risk to put some of the altcoin on an exchange and set a very high limit order. For the larger cryptocurrencies like Bitcoin it is important to set trailing sell stops on the way up, and to not buy back in for at least a month if a sell stop gets triggered. Being able to read price charts, see support and resistance areas for price, and knowing how to set sell orders are an important part of mining profitability.
Actions to Take During the Cycle
As the cycle starts to rise from the bottom, this is a good time to buy mining hardware - it will be inexpensive. Also to mine and buy altcoins, which are usually the first to see a price rise, and will have larger price increases than Bitcoin. On the rise of the cycle, this is a good time to see which altcoins are doing well from a project fundamentals standpoint, and which ones look like they are undergoing accumulation from investors. Halfway through the rise of the cycle is the time to start selling altcoins for the larger project cryptos like Bitcoin. Miners will miss some of the profit at the top of the cycle, but will not run out of cash by doing this. This is also the time to stop buying mining hardware. Don’t worry, you’ll be able to pick up that same hardware used for a fraction of the price at the next bottom. As the price nears the top of the cycle, sell enough Bitcoin and other cryptocurrencies to meet the following projected costs:
Mining electricity costs for the next 12 months
Planned investment into new miners for the next cycle
Additional funds needed for things like supporting a family or buying a Lambo
Taxes on all the capital gains from the sale of cryptocurrencies
It may be worth selling 70-90% of crypto holdings, maintaining a reserve in case there is second upward move caused by government bankruptcies. But selling a large part of the crypto is helpful to maintaining profitability and having enough cash reserves to make it through the bottom part of the next cycle. As the cycle has peaked and starts to decline, this is a good time to start investing in mining facilities and other infrastructure, brush up on trading skills, count your winnings, and take some vacation. At the bottom of the cycle, it is time to start buying both used and new mining equipment. The bottom can be hard to recognize. If you can continue to mine all the way through bottom part of the cryptocurrency pricing cycle, paying with the funds sold near the top, you will have a profitable and enjoyable cryptocurrency mining business. Any cryptocurrency you are able to hold onto will benefit from the price progression in the next higher cycle phase.
An Update on Horizen - formerly ZenCash
The team at Horizen recognizes the important part that GPU miners played in the early success of Zclassic and ZenCash, and there is always a welcoming attitude to any of ZEN miners, past and present. About 1 year after ZenCash launched, ASIC miners became available for the Equihash algorithm. Looking at a chart of mining difficulty over time shows when it was time for GPU miners to move to mining other cryptocurrencies. Horizen Historical Block Difficulty Graph Looking at the hashrate chart, it is straightforward to see that ASIC miners were deployed starting June 2018. It appears that there was a jump in mining hashrate in October of 2017. This may have been larger GPU farms switching over to mine Horizen, FPGA’s on the network, or early version of Equihash ASIC miners that were kept private. The team understands the importance of the cryptocurrency price cycle as it affects the funds from the Horizen treasury and the investments that can be made. 20% of each block mined is sent to the Horizen non-profit foundation for use to improve the project. Just like miners have to manage money, the team has to decide whether to spend funds when the price is high or convert it to another form in preparation for the bottom part of the cycle. During the rise and upper part of the last price cycle Horizen was working hard to maximize the value of the project through many different ways, including spending on research and development, project management, marketing, business development with exchanges and merchants, and working to create adoption in all the countries of the world. During the lower half of the cycle Horizen has reduced the team to the essentials, and worked to build a base of users, relationships with investors, exchanges, and merchants, and continue to develop the higher priority software projects. Lower priority software development, going to trade shows, and paying for business partnerships like exchanges and applications have all been completely stopped. Miners are still a very important part of the Horizen ecosystem, earning 60% of the block reward. 20% goes to node operators, with 20% to the foundation. In the summer of 2018 the consensus algorithm was modified slightly to make it much more difficult for any group of miners to perform a 51% attack on Horizen. This has so far proven effective. The team is strong, we provide monthly updates on a YouTube live stream on the first Wednesday of each month where all questions asked during the stream are addressed, and our marketing team works to develop awareness of Horizen worldwide. New wallet software was released recently, and it is the foundation application for people to use and manage their ZEN going forward. Horizen is a Proof of Work cryptocurrency, and there is no plan to change that by the current development team. If there is a security or centralization concern, there may be change to the algorithm, but that appears unlikely at this time, as the hidden chain mining penalty looks like it is effective in stopping 51% attacks. During 2019 and 2020 the Horizen team plans to release many new software updates:
Sidechains modification to main software
Sidechain Software Development Kit
Governance and Treasury application running on a sidechain
Node tracking and payments running on a sidechain
Conversion from blockchain to a Proof of Work BlockDAG using Equihash mining algorithm
Rolf Versluis is Co-Founder and Executive Advisor of the privacy oriented cryptocurrency Horizen. He also operates multiple private cryptocurrency mining facilities with hundreds of operational systems, and has a blog and YouTube channel on crypto mining called Block Operations. Rolf applies his engineering background as well as management and leadership experience from running a 60 person IT company in Atlanta and as a US Navy nuclear submarine officer operating out of Hawaii to help grow and improve the businesses in which he is involved. _____________________________________________________________________________________________ Thank you again for the Ask Me Anything - please do. I'll be checking the post and answering questions actively from 28 Feb to 6 Mar 2019 - Rolf
I literally have tens of thousands of dollars in top-shelf hardware, looking to repurpose some before selling on eBay to build a NAS system, possibly a dedicated firewall device as well. o_O
Q1) What will you be doing with this PC? Be as specific as possible, and include specific games or programs you will be using.** A1) This will be a dedicated NAS system for my home network. As such, I'm looking to have it: - Host ##TB's of 720, 1080 & up resolution Movies and TV Shows I'm about to begin ripping from a MASSIVE DVD & Blueray collection I have. - My kids are big on Minecraft. I understand it's possible to host your own "worlds" (or whatever they call the maps you can build) on your own "server". I think it would be pretty neat to offer them (& their friends - if can be done 'safely/securely') their own partition on one of my NAS HDD's. - I also have accounts with a couple diff VPN companies... I understand it's possible (?) to sync said VPN's with a NAS, this might be a more relative topic on the next point/purpose... - I'd like to be able to remotely link to this NAS for when I travel overseas and want to stream at my temp location from my house/this NAS. ______________________ Q2) What is your maximum budget before rebates/shipping/taxes?** * A2) Here's where I make matters more complicated than most others would... I've been an advocate for Bitcoin and crypto-currencies in general since 2013. I invested in a small mining outfit back in 2014 (strictly Bitcoin/ASIC's). One of my buddies is the President of a large-scale mining operation (foreign and domestic) and he convinced me to dabble in the GPU mining-space. I made my first hardware purchase in Q4, 2017 and launched a small-scale GPU-Farm in my house since then. I had the rigs mining up until Q3 of 2018 (not cost-efficient to keep on, especially living in SoFlo) and since then, the hardware's been collecting dust (& pissing off my family members since they lost access to 3X rooms in the house - I won't let anyone go near my gear). One of my New Years Resolutions for 2019 was to clear out the house of all my mining equipment so that's all about to go up on eBay. So "budget" is relative to whatever I "MUST" spend if I can't repurpose any of the parts I already have on hand for this build... (Anyone having something I "need" and is looking to barter for one of the items I'll list later on in here, LMK). ______________________ Q3) When do you plan on building/buying the PC? Note: beyond a week or two from today means any build you receive will be out of date when you want to buy.** A3) IMMEDIATELY! :) ______________________ Q4) What, exactly, do you need included in the budget? (ToweOS/monitokeyboard/mouse/etc\)** A4) Well I had a half-assed idea approximately 1 year ago that it might be wise to build a bunch of 'gaming rigs' to sell on eBay with my intended repurposed mining hardware so I went on a shopping spree for like 6 months. That said; I've got a plethora of various other components that aren't even unboxed yet. 90% of the items I've purchased for this additional project were items that were marked down via MIR (mail-in-rebates) & what-not...
AFAIK, there are only 3X items I absolutely do not have which I 'MUST' find. Those would be - 1) Motherboard which accepts "ECC RAM". 2) CPU for said MOBO. 3) Said "ECC RAM".\*
______________________ Q5) Which country (and state/province) will you be purchasing the parts in? If you're in US, do you have access to a Microcenter location?** A5) I'm located in Southwest Florida. No Microcenter's here. Best Buy is pretty much my only option although I am a member of Newegg, Amazon & Costco if that makes any difference? ______________________ Q6) If reusing any parts (including monitor(s)/keyboard/mouse/etc), what parts will you be reusing? Brands and models are appreciated.** A6) In an attempt to better clean up this Q&A, I'm going to list the items I have on-hand at the end of this questionnaire in-case passers-by feel like this might be a TLDR.* (Scroll to the bottom & you'll see what I mean). ______________________ Q7) Will you be overclocking? If yes, are you interested in overclocking right away, or down the line? CPU and/or GPU?** A7) I don't think that's necessary for my intended purpose although - I'm not against it if that helps & FWIW, I'm pretty skilled @ this task already (it's not rocket science). ______________________ Q8) Are there any specific features or items you want/need in the build? (ex: SSD, large amount of storage or a RAID setup, CUDA or OpenCL support, etc)** A8) As stated in A4; ECC RAM is non-negotiable... RAID seems like a logical application here as well. - This will predominantly be receiving commands from MacOS computers. I don't think that matters really but figured it couldn't hurt to let you guys know.\* - I'd also be quite fond of implementing "PFSENSE" (or something of that caliber) applied to this system so I could give my Netgear Nighthawks less stress in that arena, plus my limited understanding of PFSENSE is that it's ability to act as a firewall runs circles around anything that comes with consumer-grade Wi-Fi routers (like my Nighthawks). Just the same, I'm open to building a second rig just for the firewall.\* - Another desirable feature would be that it draws as little electricity from the wall as possible. (I'm EXTREMELY skilled in this arena. I have "Kill-A-Watts" to test/gauge on, as well as an intimate understanding of the differences between Silver, Gold, Platinum and Titanium rated PSU's. As well as having already measured each of the PSU's I have on-hand and taken note of the 'target TDP draw' ("Peak Power Efficiency Draw") each one offers when primed with X amount of GPU's when I used them for their original purpose.\* - Last, but not least, sound (as in noise created from the rig). I'd like to prop this device up on my entertainment center in the living room. I've (almost) all of the top-shelf consumer grade products one could dream of regarding fans and other thermal-related artifacts. - Almost forgot; this will be hosting to devices on the KODI platform (unless you guys have better alternative suggestions?) ______________________ Q9) Do you have any specific case preferences (Size like ITX/microATX/mid-towefull-tower, styles, colors, window or not, LED lighting, etc), or a particular color theme preference for the components?** A9) Definitely! Desired theme would be WHITE. If that doesn't work for whatever reason, black or gray would suffice. Regarding "Case Size". Nah, that's not too important although I don't foresee a mini-ITX build making sense if I'm going to be cramming double digit amounts of TB in the system, Internal HDD's sounds better than a bunch of externals plugged in all the USB ports. ______________________ Q10) Do you need a copy of Windows included in the budget? If you do need one included, do you have a preference?** A10) I don't know. If I do need a copy of Windows, I don't have one so that's something I'll have to consider I guess. I doubt that's a necessity though. ______________________ ______________________ ______________________ **Extra info or particulars:*\* AND NOW TO THE FUN-STUFF... Here's a list of everything (PARTS PARTS PARTS) I have on-hand and ready to deploy into the wild &/or negotiate a trade/barter with: CASES - Corsair Carbide Series Air 540 Arctic White (Model# Crypto-Currency-9011048-WW) - (Probably my top pick for this build). Cooler Master HAF XB EVO (This is probably my top 1st or 2nd pick for this build, the thing is a monster!). Cooler Master Elite 130 - Mini ITX - Black Cooler Master MasterBox 5 MID-Tower - Black & White Raidmax Sigma-TWS - ATX - White MasterBox Lite 5 - ATX - Black w/ diff. Colored accent attachments (included with purchase) NZXT S340 Elite Matte White Steel/Tempered Glass Edition EVGA DG-76 Alpine White - Mid Tower w/ window EVGA DG-73 Black - Mid Tower w/ window (I have like 3 of these) ______________________ CPU's - ***7TH GEN OR BELOW INTEL's ("Code Name Class mentioned next to each one)**\* Pentium G4400 (Skylake @54W TDP) - Intel ARK states is "ECC CAPABLE" Celeron G3930 (Kaby Lake @ 51W TDP) - Intel ARK states is "ECC CAPABLE" :) i5 6402P (Skylake @65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( i5 6600k (Skylake @ 91W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( i7 6700 (Skylake @ 65W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( i7 7700k (Kaby Lake @ 95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( ***8TH GEN INTEL's **\* i3-8350K (Coffee Lake @91W TDP) - Intel ARK states is "ECC FRIENDLY" :) I5-8600K (Coffee Lake @95W TDP) - Intel ARK states is "NOT ECC CAPABLE" :( ***AMD RYZEN's **\* Ryzen 3 2200G Ryzen 5 1600 Ryzen 7 1700X ______________________ MOTHERBOARDS - ***7TH GEN AND BELOW INTEL BASED MOBO'S - **\* MSI Z170A-SLI ASUS PRIME Z270-A ASUS PRIME Z270-P ASUS PRIME Z270-K EVGA Z270 Stinger GIGABYTE GA-Z270XP-SLI MSI B150M ARCTIC MSI B250M MICRO ATX (PRO OPT. BOOST EDITION) ***8TH GEN INTEL BASED MOBO'S - **\* EVGA Z370 FTW GIGABYTE Z370XP SLI (Rev. 1.0) MSI Z370 SLI PLUS ***AMD RYZEN BASED MOBO'S - **\* ASUS ROG STRIX B350-F GAMING MSI B350 TOMAHAWK MSI X370 GAMING PRO ASROCK AB350M PRO4 ______________________ RAM - Way too many to list, nothing but 4 & 8GB DDR4 sticks and unfortunately, none are ECC so it's not even worth mentioning/listing these unless someone reading this is willing to barter. At which time I'd be obliged to send an itemized list or see if I have what they're/you're specifically looking for.\* ______________________ THERMAL APPLICATIONS/FANS - JUST FANS - BeQuiet - Pure Wings 2 (80mm) Pure Wings 2 (120mm) Pure Wings 2 (140mm) Silent Wings 3 PWM (120mm) NOCTUA - PoopBrown - NF-A20 PWM (200mm) Specifically for the BIG "CoolerMaster HAF XB EVO" Case GREY - NF-P12 Redux - 1700RPM (120mm) PWM Corsair - Air Series AF120LED (120mm) CPU COOLING SYSTEMS - NOCTUA - NT-HH 1.4ml Thermal Compound NH-D15 6 Heatpipe system (this thing is the tits) EVGA (Extremely crappy coding in the software here, I'm like 99.99% these will be problematic if I were to try and use in any OS outside of Windows, because they barely ever work in the intended Windows as it is). CLC 240 (240mm Water-cooled system CRYORIG - Cryorig C7 Cu (Low-Profile Copper Edition*) A few other oversized CPU cooling systems I forget off the top of my head but a CPU cooler is a CPU cooler after comparing to the previous 3 models I mentioned. I almost exclusively am using these amazing "Innovation Cooling Graphite Thermal Pads" as an alternative to thermal paste for my CPU's. They're not cheap but they literally last forever. NZXT - Sentry Mesh Fan Controller ______________________ POWER SUPPLIES (PSU's) - BeQuiet 550W Straight Power 11 (GOLD) EVGA - 750P2 (750W, Platinum) 850P2 (850W, Platinum) 750T2 (750W, TITANIUM - yeah baby, yeah) ROSEWILL - Quark 750W Platinum Quark 650W Platinum SEASONIC - Focus 750W Platinum ______________________ STORAGE - HGST Ultrastar 3TB - 64mb Cache - 7200RPM Sata III (3.5) 4X Samsung 860 EVO 500GB SSD's 2X Team Group L5 LITE 3D 2.5" SSD's 480GB 2X WD 10TB Essential EXT (I'm cool with shucking) + 6X various other external HDD's (from 4-8TB) - (Seagate, WD & G-Drives) ______________________ Other accessories worth mentioning - PCI-E to 4X USB hub-adapter (I have a dozen or so of these - might not be sufficient enough &/or needed but again, 'worth mentioning' in case I somehow ever run out of SATA & USB ports and have extra external USB HDD's. Although, I'm sure there would be better suited components if I get to that point that probably won't cost all that much). ______________________ ______________________ ______________________ Needless to say, I have at least 1X of everything mentioned above. In most all cases, I have multiples of these items but obviously won't be needing 2X CPU's, Cases, etc... Naturally, I have GPU's. Specifically; At least 1X of every. Single. NVIDIA GTX 1070 TI (Yes, I have every variation of the 1070 ti made by MSI, EVGA and Zotac. The only brand I don't have is the Gigabyte line. My partners have terrible experience with those so I didn't even bother. I'm clearly not going to be needing a GPU for this build but again, I'm cool with discussing the idea of a barter if anyone reading this is in the market for one. I also have some GTX 1080 TI's but those are already spoken for, sorry. It's my understanding that select CPU's I have on this list are ECC Friendly and AFAIK, only 1 of my MOBO's claims to be ECC Friendly (The ASROCK AB350M PRO4), but for the life of me, I can't find any corresponding forums that confirm this and/or direct me to a listing where I can buy compatible RAM. Just the same, if I go w/ the ASROCK MOBO, that means I'd be using one of the Ryzens. Those are DEF. power hungry little buggers. Not a deal-breaker, just hoping to find something a little more conservative in terms of TDP. In closing, I don't really need someone to hold my hand with the build part as much as figuring out which motherboard, CPU and RAM to get. Then I'm DEFINITELY going to need some guidance on what OS is best for my desired purpose. If building 2X Rigs makes sense, I'm totally open to that as well... Rig 1 = EPIC NAS SYSTEM Rig 2 = EPIC PFSENSE (or the like) DEDICATED FIREWALL Oh, I almost forgot... The current routers I'm using are... 1X Netgear Nighthawk 6900P (Modem + Router) 1X Netgear Nighthawk X6S (AC 4000 I believe - Router dedicated towards my personal devices - no IoT &/or Guests allowed on this one) 1X TP-Link Archer C5 (Router). Total overkill after implementing the Nighthawks but this old beast somehow has the best range, plus it has 2X USB ports so for now, it's dedicated towards my IoT devices. ---- I also have a few other Wi-Fi routers (Apple Airport Extreme & some inferior Netgear's but I can only allocate so many WiFi Routers to so many WiFi channels w/out pissing off my neighbors) On that note, I have managed to convince my neighbors to let me in their house/WiFi configuration so we all have our hardware locked on specific, non-competing frequencies/channels so everyone's happy. :) Please spare me the insults as I insulted myself throughout this entire venture. Part of why I did this was because when I was a kid, I used to fantasize about building a 'DREAM PC' but could never afford such. To compensate for this deficiency, I would actually print out the latest and greatest hardware components on a word document, print the lists up & tape to wall (for motivation). I was C++ certified at the age of 14 and built my first PC when I was 7. At the age of 15 I abandoned all hope in the sector and moved on to other aspirations. This entire ordeal was largely based off me finally fulfilling a childhood fantasy. On that note = mission accomplished. Now if I'm actually able to fulfill my desires on this post, I'm definitely going to feel less shitty about blowing so much money on all this stuff over the last couple years. TIA for assisting in any way possible. Gotta love the internets! THE END. :) EDIT/UPDATE (5 hours after OP) - My inbox is being inundated with various people asking for prices and other reasonable questions about my hardware being up for sale. Not to be redundant but rather to expound on my previous remarks about 'being interested in a bartetrade' with any of you here... I did say I was going to sell my gear on eBay in the near future, I also said I wanted to trade/barter for anything relative to helping me accomplish my OP's mission(s). I'm not desperate for the $$$ but I'm also not one of those people that likes to rip other people off. That said; I value my time and money invested in this hardware and I'm only willing to unload it all once I've established I have ZERO need for any of it here in my home first. Hence my writing this lengthy thread in an attempt to repurpose at least a grand or two I've already spent. One of the most commonly asked questions I anticipate receiving from interested bodies is going to be "How hard were you on your hardware?" Contrary to what anyone else would have probably done in my scenario which is say they were light on it whether they were or weren't, I documented my handling of the hardware, and have no problem sharing such documentation with verified, interested buyers (WHEN THE TIME COMES) to offer you guys peace of mind. I have photo's and video's of the venture from A-Z. I am also obliged to provide (redacted) electricity bill statements where you can correlate my photo's (power draw on each rig), and also accurately deduct the excess power my house consumed with our other household appliances. Even taking into consideration how much (more) I spent in electricity from keeping my house at a constant, cool 70-72F year-round (via my Nest thermostat). Even without the rigs, I keep my AC @ 70 when I'm home and for the last 1.5-2 years, I just so happened to spend 85% of my time here at my house. When I would travel, I'd keep it at 72 for my wife & kids. Additionally; I had each GPU 'custom' oveunderclocke'd (MSI Afterburner for all GPU's but the EVGA's).* I doubt everyone reading this is aware so this is for those that don't.... EVGA had the brilliant idea of implementing what they call "ICX technology" in their latest NVIDIA GTX GPU's. The short(est) explanation of this "feature" goes as follows: EVGA GPU's w/ "ICX 9 & above" have EXTRA HEAT/THERMAL SENSORS. Unlike every other GTX 1070 ti on the market, the one's with this feature actually have each of 2/2 on-board fans connected to individual thermal sensors. Which means - if you were to use the MSI Afterburner program on one of these EVGA's and create a custom fan curve for it, you'd only be able to get 1/2 of the fans to function the way intended. The other fan simply would not engage as the MSI Afterburner software wasn't designed/coded to recognize/ communicate with an added sensor (let alone sensor'S). This, in-turn, would likely result in whoever's using it the unintended way having a GPU defect on them within the first few months I'd imagine... Perhaps if they had the TDP power settings dumbed down as much as I did (60-63%), they might get a year or two out of it since it wouldn't run as near as hot, but I doubt any longer than that since cutting off 50% of the cooling system on one of these can't be ignored too long, surely capacitors would start to blow and who knows what else... (Warning = RANT) Another interesting side-note about the EVGA's and their "Precision-X" OveUnderclocking software is that it's designed to only recognize 4X GPU's on a single system. For miners, that's just not cool. My favorite builds had 8X and for the motherboards that weren't capable of maintaining stable sessions on 8, I set up with 6X. Only my EVGA Rigs had 3 or 4X GPU's dedicated to a single motherboard. Furthermore, and as stated in an earlier paragraph, (& this is just my opinion) = EVGA SOFTWARE SUCKS! Precision X wasn't friendly with every motherboard/CPU I threw at it and their extension software for the CLC Close-Loop-Cooling/ CPU water-coolers simply didn't work on anything, even integrating into their own Precision-X software. The amount of time it took me to finally find compatible matches with that stuff was beyond maddening. (END RANT). Which leads me to my other comments on the matter. That's what I had every single 1070 ti set at for TDP = 60-63%. Dropping the power load that much allowed me to bring down (on average) each 1070 ti to a constant 110-115W (mind you, this is only possible w/ "Titanium" rated PSU's, Platinum comes pretty damn close to the Titanium though) while mining Ethereum and was still able to maintain a bottom of 30 MH/s and a ceiling of 32 MH/s. Increasing the TDP to 80, 90, 100% or more only increased my hashrates (yields) negligibly, like 35-36 MH/s TOPS, which also meant each one was not only pulling 160-180W+ (Vs. the aforementioned 115'ish range), it also meant my rigs were creating a significantly greater amount of heat! Fortunately for the GPU's and my own personal habits, I live in South Florida where it's hot as balls typically, last winter was nothing like this one. Increasing my yields by 10-15% didn't justify increasing the heat production in my house by >30%, nor the added electricity costs from subjecting my AC handlers to that much of an extra work-load. For anyone reading this that doesn't know/understand what I'm talking about - after spending no less than 2-3 hours with each. and. every. one. I didn't play with the settings on just one and universally apply the settings to the rest. I found the 'prime' settings and documented them with a label-maker and notepad. Here's the math in a more transparent manner: *** I NEVER LET MY GPU's BREACH 61C, EVER. Only my 8X GPU rigs saw 60-61 & it was the ones I had in the center of the build (naturally). I have REALLY high power fans (used on BTC ASIC MINERS) that were sucking air from those GPU's which was the only way I was able to obtain such stellar results while mining with them. **\* Mining at "acceptable" heat temps (not acceptable to me, but most of the internet would disagree = 70C) and overclocking accordingly brings in X amount of yields per unit. = 'Tweaking' (underclocking) the GPU's to my parameters reduced my yield per unit from -10-15%, but it SAVED me well over 30-35% in direct electricity consumption, and an unknown amount of passive electricity consumption via creating approximately 20%+ less heat for my AC handler to combat. I say all this extra stuff not just for anyone interested in mining with their GPU's, but really to answer (in-depth) the apparent questions you people are asking me in PM's. Something else that should help justify my claims of being so conservative should be the fact I only have/used "Platinum and Titanium" rated PSU's. Heat production, power efficiency and longevity of the hardware were ALWAYS my top priority.* . I truly thought Crypto would continue to gain and/or recover and bounce back faster than it did. If this project had maintained positive income for 12 months+, I'd have expanded one of our sites to also cater to GPU mining on a gnarly scale. Once I have my NAS (& possibly 2nd rig for the firewall) successfully built, I'll be willing/able to entertain selling you guys some/all of the remaining hardware prior to launching on eBay. If there's something you're specifically looking for that I listed having, feel free to PM me with that/those specific item(s). Don't count on an immediate response but what you can count on is me honoring my word in offering whoever asks first right of refusal when the time comes for me to sell this stuff. Fortunately for me, PM's are time-stamped so that's how I'll gauge everyone's place in line. I hope this extra edit answers most of the questions you guys wanted to have answered and if not, sorry I guess. I'll do my best to bring light to anything I've missed out on after I realize whatever that error was/is. The only way anyone is getting first dibs on my hardware otherwise is if they either offer compelling insight into my original questions, or have something I need to trade w/. THE END (Round#2)
Powerful New Ethereum Miner Reaches Final Stage Before Mass Production
https://preview.redd.it/ao78avnae4m31.png?width=860&format=png&auto=webp&s=11f62e6227dc7d93e9a6c2c3874782fcd4892b59 News by Coindesk: Wolfie Zhao After a nine-month delay and $3.8 million of investment, an upstart manufacturer is ready to produce its first batch of powerful new machines for mining cryptocurrencies ethereum and ethereum classic. Linzhi, based in Shenzen, China, said Wednesday it had ordered 37 wafers from Taiwan Semiconductor Manufacturing Company, the main parts that will allow it to build about 200 application-specific integrated circuit (ASIC) miners. These sample units will test whether the machines can mine as efficiently as they are designed to do using ethash, the proof-of-work algorithm used on ethereum and ethereum classic. The testing units, if successful, would mark a major step toward mass production as Linzhi sets out to compete with makers of general-purpose computing chips, such as NIVIDA, as well as mining gear specialists Bitmain and InnoSilicon, which both make ASIC miners for the ethash algorithm. Roughly five million ether (ETH), the native cryptocurrency on the ethereum network, is being mined every year, which, at its current price, is worth more than $800 million. Even for ethereum classic, which maintains the original ethereum ledger from before a hard fork in 2016, about nine million native ETC gets mined every year, worth more than $60 million.
Linzhi was founded in February 2018 by Chen Min, a former chip design head at Canaan Creative, maker of the Avalon bitcoin miner. Chen told CoinDesk the new company was completely self-funded with about $4 million as starting capital. It announced the plan to produce ethash ASIC miners in September 2018 with an ambition to beat the efficiency of most existing equipment. Chen’s target specification for Linzhi’s ethash ASIC miner is set at 1400 mega hashes per second (MH/s) with an electricity consumption level of one kilowatt-hour. To put those figures in perspective, NVIDIA’s GTX TitanV 8 card is now one of the most profitable piece of equipment on the ethash algorithm, able to compute 656 MH/s at an energy consumption level of 2.1 kWh, according to mining pool f2pool’s miner profitability index, With ETH’s current price ($180) and network difficulty, as well as an electricity cost of $0.04 per kWh, each GTX TitanV 8 would bring home a daily profit of $7.35. Similarly, if one uses the same GTX TitanV 8 card to mine ETC, which has both a lower price and a lower mining difficulty than ETH, the daily profit would still be around $6.70. The total computing power racing on ethereum and ethereum classic to compete for block rewards and to secure the two networks is around 160 and 13 tera hashes per second (TH/s), respectively.
Since the announcement of its plan, Linzhi has spent almost all of its initial capital on research and development of the chip design, the operations of its dozen-person team, and the order of the first batch of wafers, to bet the sample testing units will deliver the intended mining power. Linzhi previously said it was aiming to order the first batch of wafers around December in order to have samples ready in April and mass production in June. Speaking of the delay, the company said:
“We underestimated the complexity of the chip and how long it would take to grow the team and make the company functional. We are cautiously optimistic that we can just move forward the rest of the schedule, which would mean 12/2019 for sample machines and 02/2020 for mass production.”
One possible risk for the business is that the ethereum community has previously voted to activate the so-called ProgPow algorithm in order to remove the edge maintained by large miners that can afford expensive, specialized chips, although the timing for that switch is not yet decided. (Eventually, ethereum developers want to transition from proof-of-work to proof-of-stake, which would eliminate mining altogether.) When asked if Linzhi has any Plan B if the switch happens, Chen said the company is, in fact, more active in the ETC community, adding:
“Our plan A is to focus on ETC mining. So if ETH will still be an option, that’s something good to have. In the ethereum community, the ProgPow plan still has some uncertainty. For the time being, we don’t see it as a market that we will obtain, so I don’t really care that much.”
In an arguably counterintuitive move, Chen said the company plans to adopt what it calls a “reverse discount” strategy when it starts to take in pre-orders if sample units prove to be successful. That would mean the more you buy, the more you are likely going to pay. The reason is to discourage any single entity from buying too many machines and thus concentrating power over the network. While Linzhi has not yet decided on final pricing for each unit to be sold at pre-orders, it says the goal is to achieve a payback period of four months for individual miners with a relatively small number of orders. “This is our efforts and contribution to the idea of decentralization,” Chen said, concluding:
“Our sales will go to developers and community first, with a focus on geographical distribution, and potentially with a malus [reverse discount] for large orders. This means that small orders by individuals would be priced to hit the 4 month [return of investment] and larger orders would pay more.”
The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response. dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage. Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun. Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal. Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue. dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues. Ticket splitting: 11-way ticket split from last month has voted (transaction). Ethereum support in atomicswap is progressing and welcomes more eyeballs. decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page. decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here. Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)
Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s. F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%. Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak). Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1. Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).
Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target. Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.com – translated, also on asicminervalue) dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.
Changenow announced the option to buy DCR with fiat.
TokenPride: "We are seeking feedback on the general setup of our payment processor. We have tried to make it simple and user friendly. 10% of all purchases made in Decred will be donated to the Decred Development fund - and we will be releasing original Decred designs in the future".
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project). The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below. Arbitrade is now mining Decred.
Campus Party in Brasilia, Brazil. @girino, @Rhama and @matheusd talked about Decred. Matheus was interviewed by a TV channel. Check this quick report about the event, click "Show newer" to continue reading. (photos: 123)
Blockchain Summit in London, UK. This was not a full blown presence with stand but rather investigation of opportunities by @kyle and @Ani. The resulting detailed report is a good example of a document advising to stakeholders whether it is worth spending project funds.
Meetup in Berlin, Germany on July 18. @jz will give a talk and Q&A about Decred and chat with Ele from @oscoin about incentivizing developers. Hosted by BlueYard Capital.
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
Decred Assembly - Ep20 - Governance: Driving the Future (youtube) @cburniske and @traceagain discuss the importance of governance protocols being foundational and problems with delegated proof of stake
"I think that developers in the future are going to base their decision on where to build on the basis of governance and community. And so I look for good governance mechanisms and strong communities in blockchains." (@decredproject)
What is on-chain cryptocurrency governance? Is it plutocratic? by Richard Red (medium)
Apples to apples, Decred is 20x more expensive to attack than Bitcoin by Zubair Zia (medium)
What makes Decred different and better from other cryptocurrencies? (cxihub.com)
Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository. An update on our communication systems:
Matrix chat logs are nowviewable on the web with the exception of some channels that are not bridged. The new web logs means our chats are now fully public and indexed by search engines.
Slack had an outage on Jun 27 that disturbed communications for a few hours, discussions continued on Decred's bridged platforms.
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS. A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people. A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred. "Against community governance" article was discussed on Reddit and #governance. "The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here. Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms. Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.
DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market. In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss. Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance". Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case. Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)
About This Issue
This is the third issue of Decred Journal after April and May. Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research. The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue. As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations. Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
https://preview.redd.it/tb81875kgrc31.png?width=1024&format=png&auto=webp&s=724f812664806751efb4914596957b2f5512bbae Creative mind has consistently enabled us to conjecture about what others are thinking and feeling, aside from buying digital forms of money from trades, or through ICO, mining is another rewarding method for getting certain cryptographic forms of money. Furthermore, one of such mining stages is MinedBlock. MinedBlock was constructed to offer financial specialists the chance of utilizing the assets from a huge scale mining activity therefore mining numerous crypto resources without the need to purchase, design or potentially keep up costly mining gear. The MinedBlock special way to deal with mining will give financial specialists a completely verified and agreeable token conceding, them a portion of responsibility for holding organization behind the administration of the stage. Besides, MinedBlock's vision is to turn into a noteworthy player in the digital money field just as owning a critical piece of the foundation required to process exchanges and mint new crypto resources. Through along these lines, empowering MinedBlock speculators to harvest a noteworthy degree of profitability while the group utilizes a forceful development system to position the stage as the ruler of the crypto mining industry.
Points of interest
MinedBlock presents numerous points of interest over other mining-related activities out there in the market today, allow's look at to:
The geographic area picked to set up a mining ranch will give tremendous advantages to the task. Venture engineers spare power spent on cooling the gear because of the chilly area. This expands the life expectancy of mining hardware.
MinedBlock has chosen to use green power produced by green assets, which makes mining entirely gainful.
Tokenization makes each mining ranch tasks and business exchanges to go straightforwardly. In this way every mining members have a reasonable image of each mining task is finished.
The groups chose to offer tokens through STO will build the validity over the traditional ICO model.
Financial specialists will get immense advantages by putting resources into MinedBlock. As they will get 75% of the mining benefit created and 25% will be taken by MinedBlock group. The group will use these benefits in further improvement, development of the mining ranch and raise the estimation of the interior token.
MinedBlock additionally gives a chance to token holders to cast their votes in future improvements and mining ranch development.
MinedBlock will likewise offer its most recent innovations/hardware that they will utilize and the best arrangements that other Mining Platforms could provide for each miner. MinedBlock will create their very own Tokens which is MBTX which is a security token that empowers easy revenue and MBTU which is utility token that empowers access to a compensation as you go mining administration. The primary period of our Mining Farm fabricate will utilize ASIC Bitcoin mining units as they are constructed prepared to utilize. These will be facilitated from an office in Siberia where the atmosphere and power expenses are great.
Token: MBTX (Security Token)
Total token supply: $400.000.000
Accepted currencies: BTC, DASH, BCH, LTC, ETH & USD
Minimum investment: $300
Whitelist: 15 FEB 2019–31 MAY 2019
Pre sale: 16 FEB 2019–30 MAR 2019 (0.1 USD = 1.0 MBTX)
Public sale: 30 MAR 2019–30 MAY 2019 (0.15 USD = 1.0 MBTX)
The Bitcoin Blockchain has been clogged because of the quantities of diggers on the system, so along these lines making mining troublesome. Be that as it may, mining which is a prominent technique for gaining Bitcoin requires a higher measure of preparing power. The more the handling power you have, the quicker the confirmation of installments. The most recent investigation distributed in the diary Joule, looked into that the whole Bitcoin organize devours about 2.55 gigawatts of power as of now, and can reach to 7.67 gigawatts in future. The development of MINEDBLOCK will help make a one of a kind mining office which will concentrate on mining various coins from inside the best 50 by market top to guarantee most extreme income for clients to appreciate.
MINEDBLOCK SOLUTIONS AND DISTINCTIVENES
MinedBlock will start a security Token Offering utilizing the Polymath ST20 to offer financial specialists the chance to appreciate included preferred standpoint of using the assets from an extensive scale mining task without the need to purchase, arrange and oversee costly mining hardware. MInedBlock will likewise offer mining administration where clients can confide in the group to provide food for the hardware and guarantee that the mining gear are doing admirably with most reduced working expenses. MInedBlock influences blockchain innovation and the decentralized strategy in making a mining office that will for the most part be for mining numerous coins from the best 50 in the cryptocurrency showcase. Doin this will help make mindfulness and advantages to clients. MinedBlock exhibit straightforwardness to clients as they will help keep up, supplant and grow and be in charge of the expense of physical resources. MinedBlock will use a blend of ASIC units with Custom Built GPU Mining Rigs. Venture will be isolated in to the underneath hardware: Bitmain Antminer S9 – BTC/BCH (BCHABC) Bitmain Antminer L3++ – LTC Bitmain Antminer D3 – Dash Custom manufactured 8 GPU apparatuses – ETH/ETC The MinedBlock Mining homestead will be arranged in Iceland, reason in light of the accessibility of power cost and the climate state of the nation. The will use the ASIC Bitcoin and Bitcoin Cash mining units with GPU mining rigs manufactured and designed from the UK. MinedBlock will adjust to changes and illuminate clients on the best diggers that would give benefits. The group will be in charge of assessment and observing. MinedBlock additionally plans to have assortments of masternode to have the capacity to geerate income for token holders which will moreover build the ROI every month.
THE MINEDBLOCK TOKEN (MBTX)
The MinedBlock (MBTX) Token is a ST-20 token sent on Polymath platform on the Ethereum blockchain innovation. The token will be kept running as a Security Token Offering to empower income sharing business technique. Holders of MBXT Token will benefits and win ETH by holding the MBTX Token. Holders will win mining income amid the vesting time frame. A token repurchase will likewise be started by the group to build the esteem.
Financial specialists will experience KYC to be qualified for the token deals while US speculators should be certify before participating in the deals. The token will likewise be liable to 90 days vesting period from the date the softcap is accomplished. ICO- Information/Dates: Symbol: MBTX Token type: ETH (ERC20) ICO Price: 0.15 USD Min purchase: 300 USD Total supply: 400,000,000 MBTX Available for sale: 365,000,000 MBTX Soft cap: 3,500,000 USD Hard cap: 32,000,000 USD ICO Start Day: TBA Resource Materials can be found here; https://www.minedblock.io/ https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf Bounty0x Username - chudidonas
Minedblock: A Revolutionary Infrastructure Facilitating Most Cost- Efficient Crypto Mining The Minedblock infrastructure is the future of mining in the blockchain space. With the prospect for interested investors to utilize resources from bigger operations of mining to mine numerous coins averting the to buy or stock hugely expensive hardware. The Minedblock comes with fascinating features and these include: The Structure: Here the mining dynamics persistently receives attention and is transacted between coins, as the accomplishment rates change, the deep-seated goal turns to maintain top-notch proficiency sustainably. Mining gear shall be substituted and replaced consistently. Basically, also, there will be a role involving the sources of ASIC miners in a bid to forestall any iota of centralization including building a varied number of easy to get for utilization by clients. MinedBlock will take an inventory case to ascertain mining as a major aspect of present mining collection or individually dependent hash rate yield MinedBlock has been modelled to weigh the option concerning if mining as an embodiment of a subsisting mining pool or better still being dependent on our individual productivity hash rate is top-notch to fabricate coins. Hardware: MinedBlock will basically utilize a blend of ASIC units close by Custom Built GPU Mining Rigs. The Geographical Spot Power expenses and of course the climate are the key contemplations for decision making or choosing of an area, just as considering the political frame of mind of facilitating Countries towards crypto mining, the exact opposite thing needed is to construct a mining ranch someplace and after that, it becomes a limited movement. The primary period of our Mining Farm assemble will utilize ASIC Bitcoin and Bitcoin Cash mining units as they are constructed prepared to utilize. These will be facilitated from an office in Iceland where the atmosphere and power costs are positive. Our GPU mining apparatuses will be manufactured, arranged and keep running from the United Kingdom at first to guarantee they are dependable and simple to oversee remotely before moving them to an office in either Iceland, Canada or Sweden. Adjusting To Change Mining is obviously very serious business, hence the initiators of this project at MinedBlock will always be observing our mining exercises and assessing where we could change the miners to another clime to expand the prospect of profitability. Up and coming updates and forks will likewise be observed to guarantee Minedblock is constantly prepared to adjust. Core Needs MinedBlock has two key needs following the underlying Implementation intend to expand the potential Return on Investment for our Token Holders: • Increase our yield • Reduce our expenses Expanding Our Yield • Mining Farms will be developed a month to month premise • Technology will be observed to guarantee we have the most recent hardware • Mining activities will basically be altered among coins to provide core assurances that we are the most gainful we can be Decreasing Our Expenses • Reduction of power costs through sun oriented power, various areas and other sources of power techniques • Hosting cost reduction via provisioning their very own offices OTHER MINEDBLOCK KEY INFORMATION: Token Info Ticker: MBTX Type: Utility-token Accepted currencies: BTC, POLY, ETH, Fiat Bonus Program: Pre Sale Stage 1: 90% discount Pre Sale Stage 2: 85% discount Token Distribution: 0.38% - Airdrop 1.25% - Airdrop 3.37% - Retained 3.75% - Founders 91.25% - Pre-Sale Funds Allocation: 80% - Mining Equipment 10% - Datacenter Build 10% - Reserve ICO Details Pre-ICO token supply: 60,000,000 MBTX ICO token supply: 305,000,000 MBTX Soft cap: 1,000,000 USD Hard cap: 15,000,000 US Website: https://www.minedblock.io/ Facebook: https://www.facebook.com/MinedBlock/ Twitter: https://twitter.com/mined_block Reddit: https://www.reddit.com/MinedBlock Twitter: https://t.me/minedblockofficial WhitePaper Version 3.1: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf BOUNTY0X NAME: Osasu.
MinedBlock will start a security Token Offering utilizing the Polymath ST20 to offer financial specialists the chance to appreciate included preferred standpoint of using the assets from an extensive scale mining task without the need to purchase, arrange and oversee costly mining hardware. MInedBlock will likewise offer mining administration where clients can confide in the group to provide food for the hardware and guarantee that the mining gear are doing admirably with most reduced working expenses. MInedBlock influences blockchain innovation and the decentralized strategy in making a mining office that will for the most part be for mining numerous coins from the best 50 in the cryptocurrency showcase. Doin this will help make mindfulness and advantages to clients. MinedBlock exhibit straightforwardness to clients as they will help keep up, supplant and grow and be in charge of the expense of physical resources. MinedBlock will use a blend of ASIC units with Custom Built GPU Mining Rigs. Venture will be isolated in to the underneath hardware: Bitmain Antminer S9 – BTC/BCH (BCHABC) Bitmain Antminer L3++ – LTC Bitmain Antminer D3 – Dash Custom manufactured 8 GPU apparatuses – ETH/ETC The MinedBlock Mining homestead will be arranged in Iceland, reason in light of the accessibility of power cost and the climate state of the nation. The will use the ASIC Bitcoin and Bitcoin Cash mining units with GPU mining rigs manufactured and designed from the UK. MinedBlock will adjust to changes and illuminate clients on the best diggers that would give benefits. The group will be in charge of assessment and observing. MinedBlock additionally plans to have assortments of masternode to have the capacity to geerate income for token holders which will moreover build the ROI every month. THE MINEDBLOCK TOKEN (MBTX) The MinedBlock (MBTX) Token is a ST-20 token sent on Polymath platform on the Ethereum blockchain innovation. The token will be kept running as a Security Token Offering to empower income sharing business technique. Minedblock coins will be held completely cold storage until the time has come to disperse income and rewards to investors. This will help in securing the platform and assets of its customers. With minedblock, there is no compelling reason to choose which coin or token you might want to mine simply because there is a wide range of crypto to guarantee you get a decent spread and boost benefits. Minedblock is also designed to give zero configurations to its users simply because the whole setup and arrangements would be made by Minedblock platform. This will save users from the setup stress and likewise resources. There is 100% transparency in minedblock platform. All activities in minedblock will be imparted to the locale and made public. There is also constant support and help group within the platform, the help group will ensure things are been run smoothly without any difficulties. Minedblock will rewards its miner with not just the token but as well as ETH which I believe most users and investors will find very profitable to them Minedblock will adopt the use of dual token model which comprises of both utility and security token. Security token will enable the users to earn passive income while the utility token will enable users to pay for different services within the platform. TOKEN DISTRIBUTION 95% Allocated to token sale 5% Allocated to founding team FUND DISTRIBUTION 80% Allocated to Mining equipment 10% Allocated to building of data centre 10% Allocated to Reserve MONTHLY REVENUE DISTRIBUTION 75% Distributed to token holders 10% Allocated to expansion 10% Allocated to operational costs 5% Allocated to Token buy back Useful Links Website: https://www.minedblock.io Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf Telegram: https://t.me/minedblockofficial Reddit: https://www.reddit.com/MinedBlock Author Information Bounty0x Username: sebastianlbj
Taken directly from their site.... BITCLUB NEWS Quick Summary, New Upgrades, and Big Updates... Date: April 25th Included in this update... Quick Summary of last 6 months BCN Support & Legal Updates New Invoicing System (BTC, BCH and ETH) ClubCoin Update Mining Power Update - Large Credit Debit Cards in Testing Mining Earnings and Wallet Balances GPU Shares Transaction History for Deposits Scheduled Updates Quick Summary of last 6 months Right now is a crazy time to be involved in this space! Bitcoin and the entire digital currency market is going mainstream right in front of our eyes and the opportunities are plentiful. Many of you reading this have been fortunate enough to find Bitcoin early and maybe you joined this opportunity 1, 2, or even 4 years ago when we first started mining Bitcoin. If you are among the early adopters then it's likely you are holding a small fortune made up of many different digital currencies (BTC, BCH, ETH, ETC, ZEC, XMR and even CLUB). If you are brand new to BitClub then your journey is about to begin and we are excited to help you make the next few years just as lucrative as the first ones. But either way if you are newbie or a long time member of BitClub we want you to know that our vision goes way beyond mining as we plan to add more value and more features in the next 90 days than we have in the previous 2 years. Some people think it's too late because they missed the initial rise of Bitcoin and the opportunity is over to cash in, but these people are dead wrong! It is still very early in Phase 1 of this digital currency revolution and we believe the next phase is where the real money will be made. Just think about it, every major industry and government organization will soon be affected by crypto and blockchain in some shape or form. We will see huge competition for market share on services like wallets, exchanges, and newly mined blocks :) Right now BitClub has a huge advantage over companies fighting for market this share... That advantage is YOU! We have built an army of distributors around the world and many members of BitClub are becoming some of the largest crypto currency holders in the world. Our network is full of early adopters and with millions of members now enrolled in our organization we have the power to build and shape the services of tomorrow. The sky is the limit on how big we can grow from here and over the past 6 months our top priority has been to anchor BitClub and strengthen our foundation for the next phase of this growth. With that said... We want to address a few growing pains that we've been experiencing. Basically, it all started around September of last year when our sales skyrocketed to heights we never dreamed of, the sales were doubling each month and the market was in a total buying frenzy at the time. We quickly realized our company needed some serious help in order to scale and stay on track. The first thing we did was limit our sales to only allow what we could purchase. This helped to manage the mining operation side but it did not slow down the BCN membership side and pretty soon just about every aspect of BitClub was bursting at the seams. Some companies may have have folded under this hyper growth, but luckily for us all of our issues were minor and we could handle them, it just took some time and effort. First it was the database which grew to over 1 TB in size and started to cause commissions issues, delays, and forced us to pause all the repurchases and infinity commissions until we could stabilize the database. We are still catching up on this! At one point just trying to run the repurchase script was crashing and slowing down our servers to a crawl for 48 hours or more because of the millions of commission records it was creating and paying in real time. Next it was the mining operation and some delays on trying to scale it (more details below), and then finally there was the support and legal side that needed major upgrades as the industry was evolving. We realized we could no longer operate in the shadows, we needed to hire fast, get organized and tackle all of this head on if we wanted to continue providing a good user experience. This is exactly what we've been doing and in this update you will get details on some of the key pieces we have put together as well as an outlook on the future of BitClub. Please read and pass this along to your team. Thanks! BCN Support & Legal Updates We are happy to report the formation of a new operations company that was formalized and is now running the support and compliance side of our business. We have incorporated the company in Nevis under the name BitClub Network Inc. We have also put together a structure that allows us to operate and protect our business in many jurisdictions around the world. With the formation of this new structure we will soon be launching brand new policies and procedures, terms and conditions, and very specific contract details for our mining shares moving forward. One of the main reasons we needed to incorporate now was to stop scammers and people who are using our name to run their own scams. There are dozens of fake sites that we have come across and its been hard to go after them without a legal leg to stand on. We have even seen fake events happening that are giving people false or misleading information and we will no longer stand for this. If you have come across any scams like this please continue to reach out and let us know so that we can begin shutting them down! We are also incorporating to become compliant in many jurisdictions that we are operating in. This will work both ways because any unfriendly jurisdictions who make it hard to comply (like the United Sates) will be blocked and enforced. You will see BitClub corporate taking a much stronger approach to termination in these countries and you can expect a different look as we move from the shadows into the light and make our company compliant. Please understand this is necessary for us and we will likely be closing down more markets in the future as we evaluate the laws in each of them. Our goal is to be able to operate everywhere but at this time it's just not realistic so we will act quickly and pull out of markets who may threaten our model. Better Support... Under our new operations company we have hired over twenty new support people including customer service agents, management level employees, a full compliance department, a new marketing department, and lots of new programmers. We have really been focusing on getting our ducks in a row and we are now in a position to expand fast and support all the new projects we have coming down the pipeline this year and beyond. If you've submitted a support ticket recently you've likely noticed a significant improvement in response times and general customer service levels, this includes local language capabilities with full support in Korean and Japanese. (if you have not tried our support tickets in Korean and Japanese please do, we are ready to handle them). We will continue to build a world-class support infrastructure to support you and part of these support improvements we have formed a dedicated leadership support team to provide VIP-level support for Master, Monster and Mega Builders in your local language. Stay tuned for additional details on when these services will launch. Finally, after some delay, the withdrawals team is now facilitating XMR withdrawals and we are pushing all withdrawals in a much more efficient way. You can expect to see 24 hour response times for all currencies moving forward. NOTE: If you have an XMR withdrawal pending, you should receive confirmation when complete along with details of how to access your funds. The Monero chain has been a tough one for use to navigate with the new forks and overall process Monero requires, but we are finally ahead of it and will clear out all the Monero pending withdrawals this week. New Invoicing System (BTC, BCH, ETH) Starting on May 10th we are bringing back Bitcoin (BTC) and we are also adding Ethereum (ETH) to all invoices. This means you can now chose from 4 different ways to pay for all products and services that BitClub offers. (Bitcoin, Bitcoin Cash, Ethereum, and ClubCoin). Even better news... It doesn't matter how you pay for your invoice or what your downline chooses to pay with because you have full control over which currency you want your commissions to be paid in. We will continue to expand this model as we make it live and improve it, but you can expect it to happen on the 10th of May. This will include an internal conversion tool that you can easily use to swap your tokens within your virtual wallet. We are really excited to launch this system because it lays the foundation for what we want to do in the future and it also eliminates our #1 biggest problem. That problem is overpayment and underpayment of invoices! With our new invoice wallet if you overpay the invoice it will be auto credited to your virtual wallet, if you underpay an invoice it will sit in limbo and continue to refresh every 10 min with the new exchange rate until you pay it. You will constantly be redirected to the invoice to finish your transaction. This is a full integration with CoinPay and you will see the invoices fully powered on the CoinPay platform when it launches. Thank you for your patience as we finalize this move and update the system accordingly. ClubCoin Update We have made significant progress on re listing ClubCoin on some other exchanges. Unfortunately, for reasons outside of our control, ClubCoin was de-listed from Bittrex at the end of March along with 80+ other coins.. We've provided Bittrex with all the required documentation to comply and with the formation of a new legal entity and structure ClubCoin is now in good standing and full legal compliance. We are currently submitting the coin on dozens of other exchanges and we have hired a new development team and legal team to take over the marketing, social media, and promotion of the token moving forward. Nothing has changed with our future plans to deploy ClubCoin inside of CoinPay and we know one day it be a very valuable utility token on the platform. What to do with your ClubCoin in Bittrex? We just added a new internal ClubCoin wallet so that you can generate a deposit address from inside your Back Office. You can find this in your ClubCoin wallet under the Deposit Club tab. This works in the same way you generate an address for for BTC and BCH and then you can send from your Bittrex wallet or any other CC wallet. Or we strongly recommend you can download our latest ClubCoin core and begin staking your coins and running a full node on your computer. The more nodes we have the more secure and safe the network is. Plus, you will earn staking rewards automatically (download ClubCoin here - www.ClubCoin.co) Stay tuned for more updates on ClubCoin development and also the much anticipated launch of CoinPay (which we will have a big update on after this next round of BitClub upgrades is complete). Mining Power Update – Large Credit Our Bitcoin mining operation is currently experiencing some bad luck. We are not talking about the bad luck that is normal in mining a block, instead we are referring to overall bad luck in some circumstances. For our latest expansion we had a very specific deployment schedule when the machines were to be turned on but it's been one thing after another causing delays in deployment. Without getting into all the specifics and pointing fingers or blame we will just touch on some of the issues. There have been electricity issues, customs delays, shipping issues, missing power supplies, problems with racks, cooling, and even electricity rates, etc... We are working as hard as we can to get these machines turned on ASAP and its been a real challenge that we have not encountered before. However, the good news is we are being compensated by the datacenter and by the manufacturer of this equipment on a daily basis for the downtime we are having. As we mentioned in a previous update there is a strong clause in our contract that pays us daily for the machines not being online and while this is a good thing to have, we would much rather have the machines hashing in our pool and minting new Bitcoin. Big Compensation Coming May 4th... We collected another large chunk for the compensation owed to us on these delays and we will disburse this to all members on May 4th. We are hoping to see a significant amount of power come online before the end of the month and the rest of the power is on track and scheduled to be deployed in other regions of the world without delay, so we should catch up quickly after this hiccup. This has been a major pain point for us and we are just as anxious and excited to get this power in our pool as you are. This will provide a big boost in our overall market share and increase daily mining earnings to what they should be. So please be patient as we do everything we can to get there. Debit Cards in Testing We appreciate the excitement around debit cards and the ability it will provide members to utilize their earnings in everyday transactions. This undertaking hit a few legal hurdles that we are addressing now and we hope to roll out the cards to all Mega Monster and Monster Builders in the next few weeks. We are putting significant resources behind this partnership and we will have a fully integrated solution that is exclusive to BitClub members only. This is one of our highest priorities and we will announce a rollout date very soon for everyone so please stay tuned for additional details. Mining Earnings & Wallet Balances We have seen many inquiries about mining earnings and wallet balances that seem to be off. This has been from the database overload and the restructuring process and its only a display issue that is temporary. We are now all caught up with commissions and any payments that were delayed or were showing wrong should now be fixed. If you are still having an issue please open a ticket and we will take a look and make sure your balance is correct. Thanks for your patience on this, we keep very good records and accurate data so if you see something is off usually it will be automatically fixed when the next commission run is done or when one of our audit scripts kicks in. Its actually amazing how many daily records we are now generating from all the commissions, mining earnings, partial shares, and infinity payments. All of these records you see in your back office are actually a small fraction because we summarize them to help not overload you. If you saw all the calculations that happen on a daily basis it would make your head spin. But again most important is we have a check and balance system in place that will correct itself and save us from ever paying out more than we should without serious alarms going off. This protects us all! GPU Shares Update Similar to the Mining Earnings and Wallet Balance display issues, we are aware and apologize for the technical glitch not allowing you to set your account to mine anything outside of Ethereum. This has to due with invoices that were paid in BTC and some in BCH (which will soon not be an issue). In fact, you will be able to fully control ALL of your GPU shares to mine whatever you want. So if you purchased a 5 pack right now all you can do is move all 5 to a single coin. This next upgrade will allow you to control each of them individually. And even more exciting you can control your repurchases on each individual share. This feature was intended to work like Bitcoin mining partial shares but we had to put out some much needed fires with our DB structure and other top priority features before moving back to this. We expect this to be live on May 1st before the new invoicing system goes into play on the 10th. We also have some big things planned on the GPU side as far as expansion and mining opportunities. In fact, we believe 2018 will be the year to gear up on GPU shares and accumulate as much power as we can for the future because there is so much upside in the GPU shares. With all the coins ASIC proofing their model it means GPU's will continue to be profitable and we are now starting to see demand for AI data mining, rendering, and much more. So GPU shares will become a big focus of our expansion this year! Transaction History for Deposits Over the past month or so we have seen a significant number of support tickets and inquiries relating to the inability to view transaction history for deposits – this is a feature that used to exist in your wallet history. This feature is also making it's way back online and will be further enhanced with the launch of our new invoicing platform on May 10th. If you are missing a transaction or credit please let us know. At this point we have received all deposits sent and there are clear records of everything but we are seeing an issue from certain transactions that are not showing up on the member side at all. Again, this is nothing to be concerned about because if you sent any amount of crypto to an address generated from our system we will credit it to your account. The amount may be stuck in the old table and not displaying in your balance. This will be completely fixed for all deposits and history after May 10th. Scheduled Updates and Better Communication Moving forward in May we are implementing a news structure that will have two updates per month. One on the 1st of the month and one on the 15th of the month. This will give you a consistent overview of everything we are doing and allow us to translate these updates in the future. We are working on a lot of cool features right now. This includes an entirely refreshed website, member back office, marketing tools, and reporting tools to make managing your downline much easier. Now that we have a solid team in place you will begin to see huge improvements in your BitClub membership. It took us a lot longer to get here than expected, but we now have the pieces in place for Phase 2 and we hope the lack of communication and all the issues we had over the past few months will be forgotten as we move forward and have big plans for this year. As always, we appreciate your patience and we will continue to work hard to build this company for you! Sincerely, -BCN Support Team
First of all note: I am not a Gaw affiliate nor do i represent them in any way ;) Hey shibes, Gawminers just announced their NextGen mining gear and their most awaited project of all time "Project Prime", they state that its such a new platform that they are not even asics anymore, they are "hashlets" Here is the link to the full thread https://hashtalk.org/t/mining-has-finally-evolved/6125/1 Note that the website is under massive load! here is some more info about it http://gawminers.com/pages/hashlet From what is seen on their forums it will be a platform similar to bitcoins cex.io but for Scrypt and possibly Scrypt-N and other algos in the future. I personally think it will be great as prices will be way lower than normal asics and you can buy a certain amount of MH/s instead of buying a whole unit. Also, existing costumers will be granted the choice of trading their hosted units (Zenminers Hosted) for the corresponding hashpower in hashlets for free! Investment wise, it will be a great investment as they stated that the hashlets will never be unprofitable to run as they will be upgraded to consume less and less power. Sales will start tomorrow tho i think the first day or 2 will be for existing costumers only. Whats your opinion on all of this?
Has anyone considered tracking the volume of sales by corporations selling mining gear? I think some of these larger companies may have a large influence on price. Scenario: Step 1: Company A creates a new ASIC miner and creates tens of thousands. They begin mining with these as they are completed as "tests." This generates an insane amount of coins relative to the amount of fiat spent to develop them. Step 2: These "tests" last until the mines are ready to hit the market and the profitability of these machines is right around break-even in the coming months. Consumers get shafted or break even and the company makes their money back that they spent to develop said machines. Step 3: Now with profit off of the machinery, plus huge mining profits Company A begins cashing out their BTC in order to get paid, cover bills, overhead, buy materials, etc…. for the next round of "innovation." They effectively sell BTC every time any type of negative news comes out en masse. This drops the price at every sale due to the huge volume of coins they have available due to these massive Miner Dump operations. (Meanwhile they are selling the last of their mining rigs and screwing their customers at the same time.) Step 4: In the slumps, the latest batch is depleted and they have sold out of everything, miners are mining into negative territory with a dream… when suddenly they announce new equipment coming soon! These corporations all begin purchasing BTC again in attempt to move the price back upward thus spurring a slew of pre-orders for their gear coming out in 6 months… but the kicker is… the gear is already done, again. Step 5: They repeat the process, and a cycle of the bitcoin economy is created. How probable is this? Do you think these mining companies may have enough power to really be influencing the market if they are effectively mining more coins than the upper majority of all miners capable of mining with their own gear? Is this just an accepted reality that we already know about and face? Just curious as to everyone's thoughts, and maybe I'm just way out on a limb here.
Nigeria, one of the largest economies in sub-Saharan Africa has been on the global map as a crypto-compliant nation. The blockchain technology has been said will do what the internet did to media and countries all around the world. The AbjCoin is the first Nigeria blockchain solution for global payment, this digital asset is geared to positively disrupt and improve the financial and banking sector of one of the largest economies in Africa, and Is running its initial coin offering ICO from the 1st to the 30th of September 2017 and 9 million AbjCoin (9,000,000 Abj) are up for grabs. The AbjCoin algorithms were intentionally engineered to leave the coin supply to the hands of the holders of the coin, having a Proof of work (POW) which means the coin can be mined with CPU/GPU Asic just like Bitcoin and the Proof of stake (POS) algorithm which allows any holder of the coin to stake the AbjCoin in their wallets and get a 15% increase yearly. There are countless ground breaking developments AbjCoin intends to implement in Africa’s cryptocurrency eco system which includes ;developing a successful Auto trader Bot and exchange to fiat currencies in Africa, listing AbjCoin in 3 major international exchanges, coin market cap and integrate merchants for both online and offline stores to accept AbjCoin. The Abjcoin wants to be a cryptocurrency spearheading the Blockchain Information Technology in Africa, and has plans on ground to build the first world renowned Blockchain institute in Africa which will compete with any other blockchain institute in the world. The Abjcoin can be mined by persons with adequate knowledge of mining, as their source code can be publicly sourced from www.github.com/Abjcoinblockchain/. Find their ICO sales announcement on Bitcointalk.org. The blockchain technology has an important role to play in the development of the Pan African economy; we believe with your partnership we can successfully make a difference in the cryptocurrency world. For more information on our ICO sales visit: https:// www.Abjcoin.org/ico/. Follow on Twitter: twitter.com/abjcoinblockch Follow on Facebook: Facebook.com/abjcoinblockchain Follow on Instagram: Instagram.com/abjcoinblockchain
Used Bitcoin Mining Hardware for Sale. Both new and used bitcoin mining rigs and ASICs are available on eBay. One may want to buy used ASIC mining hardware on eBay because you can get better prices. eBay’s customer protection ensures you’ll get a working product. Other bundled equipment may be included with your purchase depending on the seller. We recommend purchasing the Dragonmint or ... Bitmain Antminer Rental S9 13.5 TH/s ASIC Bitcoin 24 Hour CLOUD MINING Lease BTC. $2.52. 19 sold. Antminer S9 13.5TH/s ASIC SHA256 Bitcoin 7 DAY CLOUD MINING RENTAL Bitmain Lease. $15.20. 11 sold. Innosilicon T2T-32T Miner 32 TH/s +PSU . $250.00. 8 sold. 2pcs 4 Pins Fan Simulator Emulator For Antminer All Miner S9 S9j T17 s17 T17+ $7.99 . 6 sold. 31 TH/s Canaan Avalon 1041 SHA 256 / 25 Hour ... Furthermore, Bitcoin ASIC technology keeps getting faster, more efficient and more productive so it keeps pushing the limits of what makes the best Bitcoin mining hardware. Some models of Bitcoin miners include Antminer S5, Antminer U3, ASICMiner BE Tube, ASICMiner BE Prisma, Avalon 2, Avalon 3, BTC Garden AM-V1 616 GH/s, VMC PLATINUM 6 MODULE, and USB miners . ASIC Mining. From 2013 to now, we have served more than 10,000 miners worldwide. BITMAIN Miner Innosilicon Baikal Miner WhatMiner Fusionsili Miner Dayu Miner Hosting Mining Avalon Miner. Tested, used bitcoin miners, controllers and hardware for setting up, growing, or upgrading a bitcoin mining operation. Get into bitcoin mining, or grow a current operation, at a lower cost with this used equipment. All used products sold as-is with no warranty, guarantee, refunds or replacements.
USB Bitcoin Miner - The Power of 1000's Computers - YouTube
Cryptocurrency mining is still profitable, however, profitability with mining varies BIG TIME depending on your mining hardware used! Subscribe to VoskCoin -... Bitmain Antminer Networking Ethernet cable run from main modem to Cisco Switch to all the Antminers. All Ethernet cables are CAT 7 Power 6 - NEMA L6-30-R 30A, 250v outlets run to 1 Tripp Lite PDU ... Join Red Panda Mining's Discord Channel! - https://discord.gg/cJwmK7B Send Your Mining Rig Pics in Discord be featured in upcoming Community Mining Rigs Episodes! Ledger Nano X - https://www ... After waiting months finally got my avalon asics! We interview Bitcoin mining rig distributors and ask them about the business and what they see in the future of the ASIC space. From concerns over export tax for Bitmain and declining value of ...