What Is a USB Bitcoin Miner and How Does It Work?

DV/ABUSIVE COURT There's more to this Nightmare

their father worked for the local internet company decided to spy on me admitted it openly don't have perfect evidence of that at the moment either because I lost the online accounts it was saved on or impossible to connect to any printers. He later quit internet company and work for the electric company then Microsoft . Once he spied on me long enough he felt he had evidence and dirt on me enough to raise my child support to a very unreasonable amount when I already paid 100% for the children and paid a good amount of child support every month and had them 40% of the time . I could not afford to pay it he decided to kidnap my younger one during the times that I would have always have her. My children have been going through the domestic violence an abuse their entire life. the day of the trial hearing, I had denial of service attack. where I could not get Wi-Fi nor data on mobile. that I have always paid for. Which made it so my alarm did not go off and I was late for trail. yes the guardian of alliance said the children would be super with me if I was more stable. which was because online it says I have about 10 more addresses than I actually lived at. She said the kids were not safe with him and his wife. my son 17 yrs, went in courts filed for two restraining orders & provided proof of physical abuse and he was deneyed the judge did not seem to feel as if it was abuse . One day I received a call from my children's father. I was hoping you wanted to discuss the children but all I could hear on the other end Were sounds of computers, similar to a fax machine. Shortly after that I lost all my online accounts had a brute Force attack. My last pass and keeper did not help me either because I couldn't reach them or because they chose not to help. I noticed the last time I was able to access my passwords some of my accounts were changed to my social security number. Which I would never do. So my identity any form of privacy,all my work art an memories gone. my whole digital Life. My son who is in high school lost a lot of his hard work and the Mac, I recently purchased for. I could not access our router majority of the time. while my internet company where he used to work, lied to me and said there's no such thing as a network hack and we're not willing to help. I could not use our cellular data or Wi-Fi on my electronics but majority of the family still could use the internet on some of their mobile devices. I was panicking trying to reach my customers the company that I subcontracted for but unfortunately I was redirected to spammers. I ended up using all of our financial savings to pay rent and buy more mobile devices a new computer and any type of internet security I could possibly fine in a very small town. I could not buy anything else online I had too many online fraud charges that I was continuously fighting. I could not use the vpns I always would get a sever error and my antiviruses somehow were rerouted and I would continuously be locked out. Majority of the new electronics I bought would be compromised and controlled within minutes to a day or two, thanks to the Internet of things. My family can't even reach out for help with their hack devices services with the same local internet company. They are constantly being overcharged slow connection and additional charges like voice over IP . I've purchased at least 10 phones in the last year. My cell phone companies either have no clue or ignored me or treatme as If I was a terrorist, who was just begging to get help controling my data and my children's baby photos. I've gone through over a hundred emails since I kept losing access to them even though I had the password written down. I had DNS poisoning so majority of the websites. I still am I can't even get court forms sometimes server cant find Wacourt.gov & washingtonhelp.org I can't seem to talk to a lawyer that I've been approved for multiple times through the Northwest Justice project. for my mobile phone will consistently hang up. I can't call the non emergency 911. My emails don't go through or are blocked. Many websites I visit seem to be cloned in insecure. JavaScript would not give me access to majority of the security settings in all my browsers. There is always new extensions and apps and open source license for untrustworthy certificate and cant reach the same security settings in my browsers. I cannot turn on or off like family sharing when I don't even have a family connected to that mobile device. Can't turn off USB tethering and Google pay and apple wallets has multiple transactions not by me. cannot turn them off or use them. for they are lightened out or I don't have access. Sim card & ip always changed. 5000 $ in extra international charges hit my credit report along with new numbers emails and new addresses. Cant reach for help when device have so much static and lose connection. If I try to connect my email account to a computer. It will say I need a physical key to access it. as if I set it up myself. when every computer I own now Is broke or has locked me out. I gave up but was sad for I could not keep tabs or communicate with my children. unless I borrowed a phone. They mapped out my family and contacts so if I were to borrow a phone and try to reach out for help I usually reached spam or foreign hotline or got disconnected. Then the locals were acting strange. Like sitting outside our house taking photos of us &things were stolen of property. When we were out of town. then the landlord had strange men over pretending to fix things that didn't need to be fixed installing pipes underground , laying down new soil& having some Wi-Fi farming company working in our yard 5:00 a.m. I also notice a few times the electric companies employees were messing with our power boxes, in the middle of the night . Then My photos came out extremely bright. the family videos look like we lived in a microwave oven. I know it's very strange! I do have evidence. If I would get a new router my children's father would come over take the children and their phones from them and install something on their device saying that he had to change the password on their Netflix account, so he needed to use their phone. When I would purposely break the router the electric company would show up before the internet cable company and be across the street fixing power lines. bought the children new phones and then he puts another restraining order on me and the children saying that I stole my daughters phone and won't allow her to use it. when she didn't want to use it for some reason she has on 5 gb and ends up with no data within a couple days and has to use Wi-Fi all the time. Apple finally told me they couldn't help me with iphone for it was a government issue. I thought that was hilarious for I didn't do anything wrong unless the person who was using my accounts did. I figured it would pass I mean if you're under an investigation. it would only be for a few months right ? Not two years ! well nothing happened I mean there was no reason for anything to happen. I did notice that police were driving by the house a lot. Then I thought maybe it must have been my roommate they might be after. Then why am I the one who lost everything and dealing with network abuse. My roommate was in a bad guy he did have a bit of a criminal history but nothing considered to be violent maybe just a couple drunken stupid events. Then during the process of moving my children and roommates out of the house.while drivin my car mysteriously blew up because of some electrical issue. Luckily the children were not in the car. There were no warnings & no issues with car. It took the fire department about two minutes find me but it was totaled. I could not afford to fix it or have a mechanic look at that time . Then somebody I did not no had it towed and I lost it. I was in the router that I can't get into majority of the time and saw a port forwarding to a local Bitcoin mining pool. Then it I received another server error . He continues to harass me and threaten me or he knows everything we do in our own privacy our own bedrooms where we're going who we're going with how much money says he's recording everything it seems to know everything before I can even share it with a girlfriend. He's throwing everything against me in The family Court and continues to commit perjury while I have proved him wrong multiple times but still aren't getting the protection and respect in this local small town courtroom I have currently moved to Spokane Washington to get away from it I do the traveling for the judge is now took my daughter from coming to Spokane Washington and requiring me to stay with my children at my parents home. When they are almost fully grown she is going to be 15 soon she should have a choice to bpick who she feel safe enough to live with. without him constantly tracking and destroying every electronic I have after calling my daughter then receive Non-Stop spam and scripts over SMS and once I go to my parents more and more viruses are downloaded. I've been told multiple times by a few computer companies and files that I have some sort of invisible beacon. How ? Seattle times has reported that the local electric company and crypto miners are being questioned for unauthorized usage of other families in the small town electricity for maximum power leaving us in a unsafe situation to build more cryptocurrency . Please I appreciate Any help and advice!
submitted by u-turnshe to FamilyLaw [link] [comments]

USB 3 to PCI Riser vs Thunderbolt 3 PCI Adapter for connecting to SAS storage?

I’m thinking of building some large storage, in what is probably an incredibly convoluted and unnecessary way. But I’m still thinking about it, so I’m going to ask some questions. (Although, if they’re better suited to a PC building sub, I will move there.)
I’ve been looking at IStarUSA and their lovely cases. I have one for my gaming PC and I love it. I want to start building large amounts of storage for Plex, mirrored backup for personal media like family photos, and possibly networked gaming storage (over 10G wired network).
So let’s consider this lovely case. I can get 12 drives in. Rock on. The backplane is a Mini-SAS port. I’m thinking something like this for Plex. Maybe a four bay version for personal stuff and backups. And some kind of mirrored M.2 craziness for game storage.
But what if I want to control each of these with a computer that has neither a Mini-SAS port, nor a PCI slot that I could install a Mini-SAS card in to. Yes, I’m being super stubborn here.
What if, instead, I wanted to use one of these USB to PCI adapters? Or what if I wanted to use a Thunderbolt 3 enclosure with a Mini-SAS card inside it.
USB 3.1 Gen 2 hits 10Gbps, and Thunderbolt 3 goes up to 40Gbps. And then I’d have at least one 10Gbps Ethernet port, or maybe even attach a dual 10Gbps SFP+ NIC over a riser or Thunderbolt.
I assume there will be overhead on the USB 3 riser option that wouldn’t be there less noticeable on a Thunderbolt 3 option because of the extra throughput. But even 70% usability would be a good start. I have to assume they did alright for all the Bitcoin miners using them.
Again, I know I’m being a little crazy here. And I know when you start stringing adapters on adapters on adapters things get odd real quick. Despite that, I’m considering it. I’m not going to ask how crazy it is, I’m only going to ask if you think it would work.
submitted by Click-Beep to homelab [link] [comments]

[FS] [US-TX] Downsizing my lab, Dell PowerEdge R610's, MD3000, and Equallogic Array... plus more! [Local Pickup Only]

I am in the process of downsizing my lab/house, and have a few items for sale/free to a good home. All prices are in $USD, and no shipping requests please. Local pickup only, as most of this is too expensive to ship.
Quantity Item Specs Price
3 Dell PowerEdge R610 (S/N: HMFZ0L1, BF177L1, FSCZ0L1) E5540 Xeon CPU, 16GB RAM, No HDD, HDD Caddies, Dual PS $75
1 SuperMicro 1U Server X7DCL-i Motherboard, not sure on the CPU or RAM, No HDD, HDD Caddies, Single PSU $30
1 Dell PowerEdge MD3000 Some SAS HDDs, HDD Caddies to fill the unit, plus extra caddies $50
1 Equallogic PS100E Array SATA HDDs, Disk Caddies, its a little bent from shipping a few years ago, but it still works! $75
1 Sans Digital TR4UTBNC 4 Disk Array USB/eSATA $35
1 Smarthings Hub 2nd Gen $40
1 Block Eruptor Bitcoin Hash Miner FREE
3 USB Bitcoin Hash Miner FREE

Imgur Photo Album

Questions are welcome, and I will answer what I can. I am in the DFW area. Thanks! (updated prices)
submitted by Human_Cartographer to homelabsales [link] [comments]

I earned about 4000% more btc with my android tablet than with a $250 ASIC mini rig setup using GekkoScience Newpac USB miners!

Requirements:
1.) Android Device with access to Google Play Store. *I haven't tried yet but you may be able to use tis on Android TV devces as well by sideloading. If anyone has success before I try, let me know! -Note, I did this with a Samsung Galaxy Tab S6 so its a newer more powerful device. If your android is older, your profts will most likely be less than what I earned but to give a projected range I also tested on my Raspberry Pi 4 running a custom LineageOS rom that doesn't allow the OS to make full use of the Pi's specs and I still got 500 h/s on that with Cloud boost, so about 60% of what my Tab 6 with MUCH Higher Specs does.
**Hey guys. Before I get started i just wanted to be clear about one thing. Yes I have seen those scammy posts sharing "miracle" boosts and fixes. I have a hard time believing stuff online anymore. But this is honestly real. Ill attach photos and explain the whole story and process below. Thanks for taking the time to read and feel free to share any thoughts, concerns, tips, etc*
So last week I finally got started with my first mini rig type mining build. I started getting into crypto about a year ago and it has taken me a long time to even grasp half of the projects out there but its been fun thus far! Anyways my rig was 2 GekkoScience Newpac USB miners, a Moonlander USB miner to pair with an FPGA i already had mining, a 10 port 60W 3.0 USB hub and 2 usb fans. The Newpacs actually are hashing at a combined 280 g/s which is actually better than their reported max hash rate when overclocked. Pleasant surpise and they are simple!! I just wanted to get a moonlander because my fpga already mines on Odocrypt for DGB and I just wanted to experience Scrypt mining and help build the DGB project. The Newpacs are mining BTC though.
After I got everything up and running i checked my payout daily average after 1 week. I averaged .01 a day TOTAL between all three miners with them all perforing ABOVE SPEC!!! I had done research so i knew I wouldnt earn much. More than anything i just wanted to learn. But still. I was kinda surprised in a negative way. Yesterday I actually earned less than .01 Frustrated I went back to scouring the web for new ideas. About a year ago, when II was starting, I saw an app on my iphone called CryptoBrowser that claimed to mine btc on your phone without actually using phone resources using a method of cloud mining. I tried it for a week and quit because I earned like .03 after a ton of use and seemed scammy. Plus my iphone actually would get very hot when doing this so I quit using it as it seemed like a possible scam with all the cryptonight browser mining hacks and malware out there.
Anyways I was on my Galaxy Tab S6 and saw that CryptoBrowser released a "PRO" edition for 3.99 on Google Play. I bought it for Sh*ts and giggles and booted it up. It came with what they called "Cloud Boost" Essentially this is a button you press and it multiplys the estimated hashrate that it gives you device by the number shown on the boost button. (With the purchase of PRO you get one free x10 boost. You can purchase additional boosts to use with other android devices but those are actually pretty pricy. Another x10 boost was like $25 if i remember correctly).
I played with it for about an hour to see if it actually worked like it said it would this time. To my surprise, as i was browsing, my device didnt increase in temperature AT ALL!!!!! I checked my tast manager to confirm and it was indeed true, my memory and usage barely went up. it was giving me an estimated range of 80-105 on the hashrate. Once i pushed the x10 boost button, that went to 800-1150 h/s. I switched my screen to not go to sleep, plugged it to the charge and let it run on the browser page, hashing. When you push the boost button, it runs for 3 hours at the boosted speeds. After that it goes back to normal but if you press the button again, it boosts everything again. There is no limit to how many times you use it. After checking what I earned after 24 hours, I HAD MADE .40 in BTC!!!!! I JUST EARNED OVER 4000% MORE THAN MY $280 MINING RIG EARNED ME!!!! I was blown away. Maybe this was a fluke? I did it again next day. Every 3 hours or so I would push the button again but thats all. Sure enough, .35 that day. Also, it realy BTC. I requested a payout and although it took like 12 hours for them to send me an email stating they had just sent it, I actually did recieve the state amount of BTC within 24 hours in my personal wallet. The fees to send are SUPER LOW!. Like .01
Below I will list the steps I took, along with an explanation of thier "Mining" process on Androids. Reminder, this ONLY WORKS ON ANDROIDS. Also DO NOT use cryptobrowser on a physcal laptop or desktop. I ran it on an old laptop for three days last year and it fried it. It does actually use your hardware on those platforms to mine and it is not efficnet at all as I suspect they prob steal over half of your power for themselves using the REAL RandomX protocol via browser mining which is EXTREMELY INEFFICIENT DONT TRY IT!!
-----How To Do This Yourself:
Cryptotab Browser states the program works on Android devices by estimating what it thinks the hashrate would be for your device specs and siimulates what you would mine in a remote server however you still earn that estimated coin amount. It is not a SHA-256 process or coin that they say is mining, rather it is XMR and they swap that and pay it out to you in BTC Bitcoin. However I know damn well my Tab S6 doesnt hash 80-105 h/s on RandomX because I have done it with a moodified XMRig module i ported to Android. I got 5 h/s a sec if I was getting any hashes at all. But thats besides the point as I still was making money.
Now, when you press that cloud boost button it immediately boosts that hash rate it estimates by the number on the cloud boost. As stated above, you can purchase more boosts and gift them or use them on extra android devices that you may have. Again, they are pricey so I'm not doing that plus it would just mean that I have another device that I have to leave on and open. The boosts come in x2, x4, x6, x8 and x10 variants. Again, they have unlimited uses.
Here is the link to grab yourself CryptoBrowser Pro from CryptoTab. This IS A REFERRAL LINK! This is where I benefit from doing tis tutorial. Like i said, I want to be transparent as this is not a scam but I'm also not doing this out of the love of my heart. Their referral system works in that people that use the donwload the app using your link are your stage 1 referrals. Anytime they are mining, you earn a 15% bonus. So say they mine $.30 one day. You would get paid out an additional $.045 in your own balance (it does not come out of the referred user balance fyi so no worries). Then lets say that referred miner also gets their own referrals. I would get a 10% bonus on whatever THOSE people mine. This goes on and on for like 8 tiers. Each tier the bonus percntage essential halves. So again, I stand to benefit from this but it also is stupid to not make this visible as its WAY CHEAPER, EASIER AND MORE PROFITABLE TO GET BTC USING THIS METHOD THAN IT IS USING ASICS!! THIS EARNS ALMOST AS MUCH BTC AS AN ANTMINER S7 DOES RUNNING 24/7 ONLY WITHOUT THE HUGE ELLECTRICTY BILL AND COSTS!!!!)
Thats it. Again, if you have concerns, let me know or if you have suggestions, other tips, etc... mention those as well!!!
https://cryptotabbrowser.com/8557319
Links to Picture Proof http://imgur.com/gallery/P13bEsB
submitted by Afraid_Balance to earnbitcoin [link] [comments]

Help! My Windows 10 computer appears to be "daydreaming" when I play with my new Rift S!

EDIT: SOLVED! grumbel was correct. It was malware. I had a bitcoin miner and I believe it was due to a dodgey version of a VR game I downloaded. That'll teach me for being cheap! I just purchased said game because I felt bad, and I felt the game devs deserved it. Don't pirate games people!

So first off, I recently go ta Rift S, and I'm loving it. The beta drivers have fixed Pavlov, and I'm having an absolute riot in it. I do have one SUPER annoying issue though. Every game I play, after around 5 - 10 minutes, without fail, my game starts chugging almost to a halt. I've had some even freeze entirely. Here's the kicker: If I move my mouse, alt tab or interact with my computer, if fixes it. for another 5 to ten minutes.
I'm using:
Has anyone else experienced anything like this? I can't keep running over to my keyboard and hitting a button, it's super immersion breaking and I look like an idiot dropping my guns in Pavlov all the time lol.
submitted by smashedhijack to oculus [link] [comments]

Decred Journal – September 2018

Note: you can read this on GitHub (link), Medium (link) or old Reddit (link).

Development

Final version 1.3.0 of the core software was released bringing all the enhancements reported last month to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub. As always, don't forget to verify signatures.
dcrd: completed several steps towards multipeer downloads, improved introduction to the software in the main README, continued porting cleanups and refactoring from upstream btcd.
Currently in review are initial release of smart fee estimator and a change to UTXO set semantics. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome.
Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup shows how to automate simnet management with tmux and 03 Miner Reward Invalidation explains block validity rules.
Finally, a pull request template with a list of checks was added to help guide the contributors to dcrd.
dcrwallet: bugfixes and RPC improvements to support desktop and mobile wallets.
Developers are welcome to comment on this idea to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue)
Decrediton: bugfixes, refactoring to make the sync process more robust, new loading animations, design polishing.
Politeia: multiple improvements to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement to not leak metadata of ticket holders was merged.
Android: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub". Ask in #dev room for the APK to join testing.
A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning.
Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store.
iOS: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.".
Nearest goal is to make the app crash free.
Both mobile apps received new design themes.
dcrdata: v3.0 was released for mainnet! Highlights: charts, "merged debits" view, agendas page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here. This release featured 9 contributors and development lead @chappjc noted: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.".
Up next is supporting dynamic page widths site wide and deploying new visual blocks home page.
Trezor: proof of concept implementation for Trezor Model T firmware is in the works (previous work was for Model One).
Ticket splitting: updated to use Go modules and added simnet support, several fixes.
docs: beginner's guide overhaul, multiple fixes and cleanups.
decred.org: added 3rd party wallets, removed inactive PoW pools and removed web wallet.
@Richard-Red is building a curated list of Decred-related GitHub repositories.
Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus!
Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate.
Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply.
Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.

ASICs

Obelisk posted two updates on their mailing list. 70% of Batch 1 units are shipped, an extensive user guide is available, Obelisk Scanner application was released that allows one to automatically update firmware. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open! Let us hope more manufacturers will follow this example.
A few details about Whatsminer surfaced this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer is a reseller, and the model name is Whatsminer D1.
Bitmain has finally entered Decred ASIC space with their Antminer DR3. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit and bitcointalk, unboxing video here.

Integrations

Meet our 17th voting service provider: decredvoting.com. It is operated by @david, has 2% fee and supports ticket splitting. Reddit thread is here.
For a historical note, the first VSP to support ticket splitting was decredbrasil.com:
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting)
KuCoin exchange listed DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount on DCR pairs for 2 weeks.
Three more wallets integrated Decred in September:
ChangeNow announced Decred addition to their Android app that allows accountless swaps between 150+ assets.
Coinbase launched informational asset pages for top 50 coins by market cap, including Decred. First the pages started showing in the Coinbase app for a small group of testers, and later the web price dashboard went live.

Adoption

The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese and in English.

Marketing

Advertising report for September is ready. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed.
Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)

Events

Attended:
Upcoming:
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)

Media

August issue of Decred Journal was translated to Russian. Many thanks to @DZ!
Rency cryptocurrency ratings published a report on Decred and incorporated a lot of feedback from the community on Reddit.
September issue of Chinese CCID ratings was published (snapshot), Decred is still at the bottom.
Videos:
Featured articles:
Articles:

Community Discussions

Community stats:
Comm systems news: Several work channels were migrated to Matrix, #writers_room is finally bridged.
Highlights:
Twitter: why decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure.
Reddit: yet another strong pitch by @solar; question about buyer protections; dcrtime internals; a proposal to sponsor hoodies in the University of Cape Town; Lightning Network support for altcoins.
Chats: skills to operate a stakepool; voting details: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps using Schnorr adaptor signatures; dev dashboard, choosing work, people do best when working on what interests them most; opportunities for governments and enterprise for anchoring legal data to blockchain; terminology: DAO vs DAE; human-friendly payments, sharing xpub vs payment protocols; funding btcsuite development; Politeia vote types: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading and programming languages (yes, on #trading!); alternative implementation, C/C++/Go/Rust; HFTs, algo trading, fake volume and slippage; offline wallets, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how stakeholders could veto blocks; how many votes are needed to approve a proposal; why Decrediton uses Electron; CVE-2018-17144 and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress after voting and funding; why the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety; reasonable spendings from project fund; ways to measure sync progress better than block height; using Politeia without email address; concurrency in Go, locks vs channels.
#support is not often mentioned, but it must be noted that every day on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)

Markets

In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap charts, the trading volume is a bit lower than in July and August.
As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx)
Interesting observation by @ImacallyouJawdy: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.

Relevant External

ASIC for Lyra2REv2 was spotted on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks to change the algorithm in 2014 and 2015.
A report titled The Positive Externalities of Bitcoin Mining discusses the benefits of PoW mining that are often overlooked by the critics of its energy use.
A Brief Study of Cryptonetwork Forks by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains.
New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk, decred)
On Sep 18 Poloniex announced delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange.
Circle introduced USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.".
Coinbase announced new asset listing process and is accepting submissions on their listing portal. (decred)
The New York State Office of the Attorney General posted a study of 13 exchanges that contains many insights.
A critical vulnerability was discovered and fixed in Bitcoin Core. Few days later a full disclosure was posted revealing the severity of the bug. In a bitcointalk thread btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.

About This Issue

This is the 6th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here.
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.
Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack.
Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
submitted by jet_user to decred [link] [comments]

New people please read this. [upvote for visibility please]

I am seeing too many new people come and and getting confused. Litecoin wiki isn't the greatest when it comes to summing up things so I will try to do things as best as I can. I will attempt to explain from what I have learned and answer some questions. Hopefully people smarter than me will also chime in. I will keep this post updated as much as I can.
Preface
Litecoin is a type to electronic currency. It is just like Bitcoin but it there are differences. Difference explained here.
If you are starting to mine now chances are that you have missed the Bitcoin mining train. If you really want your time and processing power to not go to waste you should mine LTC because the access to BTC from there is much easier.
Mining. What is it?
Let's get this straight. When making any financial commitment to this be prepared to do it with "throw away" money. Mining is all about the hashrate and is measured in KH/s (KiloHash/sec). Unlike the powerful ASICs (Application Specific Integrated Circuit) that are used to mine bitcoins using hashrates in the GH/s and even TH/s, litecoin mining has only been able to achieve at the very best MH/s. I think the highest I've seen is 130 MH/s so far. Which leads us to our next section.
Mining Hardware
While CPU mining is still a thing it is not as powerful as GPU mining. Your laptop might be able to get 1 a month. However, I encourage you to consult this list first. List of hardware comparison You will find the highest of processors can maybe pull 100 KH/s and if we put this into a litecoin mining calculator it doesn't give us much.
Another reason why you don't want to mine with your CPU is pretty simple. You are going to destroy it.
So this leaves us with GPUs. Over the past few months (and years) the HD 7950 has been the favourite because it drains less power and has a pretty good hashrate. But recently the introduction of the R9 290 (not the x) has changed the game a bit. People are getting 850 KH/s - 900 KH/s with that card. It's crazy.
Should I mine?
Honestly given the current difficulty you can make a solid rig for about $1100 with a hashrate of 1700 KH/s which would give you your investment back in about a month and a half. I am sure people out there can create something for much cheaper. Here is a good example of a setup as suggested by dystopiats
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU AMD Sempron 145 2.8GHz Single-Core Processor $36.01 @ Amazon
Motherboard ASRock 970 EXTREME4 ATX AM3+ Motherboard $99.48 @ OutletPC
Memory Crucial Ballistix Tactical Tracer 4GB (1 x 4GB) DDR3-1866 Memory $59.99 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Power Supply SeaSonic Platinum 860W 80+ Platinum Certified Fully-Modular ATX Power Supply $146.98 @ SuperBiiz
Total
Prices include shipping, taxes, and discounts when available. $1078.60
Generated by PCPartPicker 2013-11-29 00:52 EST-0500
Estimated Hashrate (with GPU overclocking) : 1900 KH/s
Hardware Fundamentals
CPU - Do you need a powerful CPU? No but make sure it is a decent one. AMD CPUs are cheap to buy right now with tons of power. Feel free to use a Sempron or Celeron depending on what Motherboard you go with.
RAM - Try to get at least 4 GB so as to not run into any trouble. Memory is cheap these days. I am saying 4 GB only because of Windoze. If you are plan to run this on Linux you can even get away with less memory.
HDD Any good ol 7200 RPM hard drive will do. Make sure it is appropriate. No point in buying a 1TB hard drive. Since, this is a newbie's guide I assumed most won't know how to run linux, but incase you do you can get a USB flash drive and run linux from it thus removing the need for hard drive all toghether. (thanks dystopiats)
GPU - Consult the list of hardware of hardware I posted above. Make sure you consider the KH/s/W ratio. To me the 290 is the best option but you can skimp down to 7950 if you like.
PSU - THIS IS BLOODY IMPORTANT. Most modern GPUs are power hungry so please make sure you are well within the limits of your power consumption.
MOTHERBOARD - Ok, so a pretty popular board right now is Gigabyte GA-990FXA-UD3 and the ASRock 970 Extreme4. Some people are even going for Gigabyte GA-990FXA-UD5 and even the mighty Gigabyte GA-990FXA-UD7 because it has more PCI-E slots. 6 to be exact. However you may not need that much. With risers you can get more shoved into less.
PCI-E RISERS - These are called risers. They come in x16 to x16 and x1 to x16 connections. Here is the general rule of thumb. This is very important. Always get a POWERED riser otherwise you will burn a hole in your MoBo. A powered rise as a molex connector so that additional power from PSU can be supplied.
When it comes to hardware I've provided the most basic knowledge you need. Also, take a look at cryptobader's website. This is very helpful. Please visit the mining section of Litecoin Forums and the litecoinmining subreddit for more indepth info.
Mining Software
Now that you have assembled your hardware now you need to get into a pool. But before you do that you need a mining software. There are many different ones but the one that is most popular is cgminer. Download it and make sure you read the README. It is a very robust piece of software. Please read this if you want to know more. (thanks BalzOnYer4Head)
Mining Pools
Now that your hardware and software is ready. I know nothing about solo mining other than the fact that you have to be very lucky and respectable amount of hashing power to decrypt a block. So it is better to join pools. I have been pool hopping for a bit and really liked give-me-coin previously known to the community as give-me-ltc. They have a nice mobile app and 0% pool fees. This is really a personal preference. Take a look at this list and try some yourself.
How do I connect to a pool?
Most pools will give you a tutorial on how to but the basics are as follows:
  • Signup for a pool
  • Create a worker for your account. Usually one worker per rig (Yes people have multiple rigs) is generally a good idea.
  • Create a .run file. Open up notepad and type cgminer.exe -o (address_to_the_miningpool:port_number) -u (yourusername.workername) -p (your_worker_password_if_you_made_one). Then File>Save As>runcgminer.run (Make sure the drop down is set to "All Files" and .txt document.) and save in the same folder as cgminer. That's it.
  • Double click on runcgminer.run (or whatever you named it) and have fun mining.
Mining Profitability
This game is not easy. If it was, practically everyone would be doing it. This is strictly a numbers game and there are calculations available that can help you determine your risk on your investments. 4 variables you need to consider when you are starting to mine:
Hardware cost: The cost of your physical hardware to run this whole operation.
Power: Measured in $/KwH is also known as the operating cost.
Difficulty rate: To put it in layman's terms the increase in difficulty is inversely proportional to amount of coin you can mine. The harder the difficulty the harder it is to mine coin. Right now difficulty is rising at about 18% per 3 days. This can and will change since all you miners are soon going to jump on the band wagon.
Your sanity: I am not going to tell you to keep calm and chive on because quiet frankly that is stupid. What I will tell you not to get too carried away. You will pull you hair out. Seriously.
Next thing you will need is a simple tool. A mining profitability calculator. I have two favourite ones.
coinwarz
I like this one cause it is simple. The fields are self explanatory. Try it.
bitcoinwisdom
I like this one because it is a more real life scenario calculator and more complicated one (not really). It also takes increasing difficulty into account.
Please note: This is the absolute basic info you need. If you have more questions feel free to ask and or google it!
More Below.
submitted by craeyon to litecoin [link] [comments]

Is there any benefit to building your own desktop with the current prices?

So I have been trying to finalize a build set up for the past few months. Prices have been skyrocketing lately due to the bitcoin miners.
My question is, what is the benefit of actually building your own pc right now? For reference, I have found an overall great pc at best buy. I don't think it would be possible to build this pc myself for any cheaper.
My build: PCPartPicker part list / Price breakdown by merchant
Type Item Price
CPU AMD - Ryzen 5 1600 3.2GHz 6-Core Processor $197.88 @ OutletPC
Motherboard ASRock - AB350M Pro4 Micro ATX AM4 Motherboard $77.98 @ Newegg
Memory G.Skill - Ripjaws V Series 16GB (2 x 8GB) DDR4-3000 Memory $121.99 @ Newegg
Storage SanDisk - SSD PLUS 240GB 2.5" Solid State Drive $83.88 @ OutletPC
Storage *Hitachi - Ultrastar 7K3000 2TB 3.5" 7200RPM Internal Hard Drive $59.99 @ Amazon
Video Card MSI - GeForce GTX 1060 6GB 6GB GAMING X Video Card $289.99 @ SuperBiiz
Case Fractal Design - Focus G Mini (Black) MicroATX Mini Tower Case $54.99 @ SuperBiiz
Power Supply Corsair - TXM Gold 650W 80+ Gold Certified Semi-Modular ATX Power Supply $59.99 @ Newegg
Operating System Microsoft - Windows 10 Home Full - USB 32/64-bit $102.89 @ OutletPC
Software Microsoft - Office 365 Personal (1 Year Subscription) Software $69.99 @ B&H
Wireless Network Adapter Gigabyte - GC-WB867D-I REV 4.2 PCI-Express x1 802.11a/b/g/n/ac Wi-Fi Adapter $29.99 @ SuperBiiz
Monitor Lenovo - LI2364d 23.0" 1920x1080 75Hz Monitor $100.97 @ Amazon
Keyboard Redragon - K552 Wired Gaming Keyboard $32.99 @ Amazon
Prices include shipping, taxes, rebates, and discounts
Total (before mail-in rebates) $1313.52
Mail-in rebates -$30.00
Total $1283.52
*Lowest price parts chosen from parametric criteria
Generated by PCPartPicker 2017-07-23 17:07 EDT-0400
Best Buy: http://www.bestbuy.com/site/ibuypower-desktop-intel-core-i7-16gb-memory-nvidia-geforce-gtx-1060-120gb-solid-state-drive-1tb-hard-drive-black-red/5727100.p?skuId=5727100&cmp=RMX&extStoreId=561&ref=212&loc=1&ksid=8ddf504d-2c02-407d-9997-e97bc3d60f8a&ksprof_id=8&ksaffcode=pg199028&ksdevice=m&lsft=ref:212,loc:2
Best buy is cheaper and includes windows 10 and an i7. I just don't see the benefit of building my own. Also, if I buy from best buy how easy/difficult is it to upgrade the parts? For instance, I may want to upgrade my ssd to 250gb.
submitted by netflixer to buildapc [link] [comments]

New to mining, just discovered this Reddit. Rig ok?

TL;DR: look at my component list, is it ok? Or did I butcher it?
So after a few years of trading through exchanges (coinbase) and making a bit of cash from latest Bitcoin surge (not much, like others I sold thinking it would tank again, but hey, it's cash I didn't have before). I decided to make jump to mining. Never really use Reddit. So never knew there were communities on here for it.
Read reviews, guides, and forums elsewhere, and came up with / bought hardware for a rig. Plan on having it up and running before New year. Just wanted to check with some experts if I did ok, or if I made some bad choices. Open to suggestions and advice. Thanks in advance!
CPU : Intel CPU BX80662G3900 Celeron G390
MoBo: Biostar Motherboard TB250-BTC 1151
Risers (6 pack to have spares and room to expand) : Mailiya 6-Pack PCIe Dual Chip PCI-E 16x to 1x Powered Riser Adapter Card w/ 60cm USB 3.0
RAM (from what I understand 4gb will be plenty, I'm going to try my hand at Linux, but if that doesn't work out I have a win7 license I can use): Ballistix Sport LT 4GB Single DDR4 2666
PSU: EVGA SuperNOVA 1200 P2 80+ PLATINUM
I also already have some other equipment I plan on utilizing, a couple push buttons for power, a power usage monitor I have had for bit, but will work for this purpose. I also have an unused 120gb SSD that should work just fine, And I managed to snag an open air frame that someone must have given to a pawn shop, I found it there and recognized what it was, even though they had it labeled as a "server rack" technically true I guess) it came complete NiB for 100$ and retails for 160$ on Amazon, I was going to use an old tower I had laying around, but figured this was worth investment, it's a: Veddha 6 GPU Minercase V3C Aluminum
Finally, the bread and butter, 3 identical GPUs, brand new (I had an option for used, but got these brand new from a few different sources): ZOTAC GeForce GTX 1060 AMP Edition, ZT-P10600B-10M, 6GB GDDR5
All in all, including things I've bought previously and are still serviceable, this set me back about $1600
The goal was to have a rig I can not only expand, but one I will be able to swap out cards into / out of to upgrade without changing much else. Like any other miner I dont expect to strike it rich, but averaging a few hundred a month after power costs would be nice. I did some research and am thinking I can get my RoI in about 6 months. Before system is up and running I plan on researching more about pools (the guide here is great!) And picking some coins to go after other than Eth. I'd appreciate any other tips. Thanks for sticking around all!
So will it work? Or did I butcher it?
submitted by CrowenMine to EtherMining [link] [comments]

[WTS][Canada] 10x USB Script miner Moonlander 2

For sale : 10x USB Script miner Moonlander 2
https://i.imgur.com/VjNrLNM.jpg
40$ USD each shipping from Qc / Canada
Mining at stock speed (3.8MH/s ) since January, super stable with a good USB 3 hub.
Shipping 1 or 10 don't matter 20$ to USA , 15$ Canada
Escrow accepted, Ognasty, Phil or reputable member we agree on. Payment in BTC, LTC or DGB*
*Preference
I also have a Eyeboot 20 ports USB 3 hub but is expensive, I will sell if I got a good price for it.
N.B My previous account was hacked, can't get in touch with admin, back to noobs status
BitcoinTalk Link to Contact
submitted by MarketBot to HellsCrypto [link] [comments]

Building a Dual Rig (gaming and mining)

What is your intended use for this build? The more details the better.
I’d like to build a gaming/mining rig. I would like to run 6 graphics cards at one point, might not buy them all outright. So the goal. A gaming computer running the 1070 separately so I can still game and do stuff while the other 5 cards are mining. When im not using the computer, I have the option to put the 1070 to work as well. Is it a stupid idea to combine the two purposes into one super computer? Also, I’m having trouble finding a compatible motherboard and would love suggestions. Finally, I have tried reading on the riser connection info and I’m still not sure. Hopefully those are the correct risers?
If gaming, what kind of performance are you looking for? (Screen resolution, framerate, game settings)
Nothing too crazy. I have done the research on that side of things and the things selected should make me happy.
What is your budget (ballpark is okay)?
$2000-3000 (depending on how many gpu’s I buy at onece)
In what country are you purchasing your parts?
U.S.A (amazon, here is the link my current list. https://www.amazon.com/gp/registry/wishlist/2NAC9YOHISTRI/ref=nav_wishlist_lists_4)
Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!).
CPU:
AMD Ryzen 5 1600 Processor with Wraith Spire Cooler
Motherboard:
Im not sure!
Memory:
Corsair - Vengeance LPX 16GB (2 x 8GB) DDR4-3000
Storage:
Samsung 850 EVO 250GB 2.5-Inch SATA III Internal SSD (MZ-75E250B/AM)
WD Blue 1TB SATA 6 Gb/s 7200 RPM 64MB Cache 3.5 Inch Desktop Hard Drive (WD10EZEX)
Case:
Aluminum Stackable Mining Case Rig Open Air Frame For ETH/ETC/ ZCash (Black)
Power Supply:
(2) EVGA SuperNOVA 750 G2, 80+ GOLD 750W, Fully Modular, EVGA ECO Mode
Graphics Cards:
(5) XFX Rs XXX Edition Rx 570 4GB OC+ 1284Mhz DDR5 3xDP HDMI DVI Graphic Cards RX-570P4DFD6
(1) EVGA GeForce GTX 1070 SC GAMING ACX 3.0 Black Edition, 8GB GDDR5, LED, DX12 OSD Support (PXOC) 08G-P4-5173-KR
GPU Risers:
6-Pack VICTONY PCI-E 16x to 1x GPU Riser Adapter 60cm USB 3.0 Riser Flexible Extension Cable & MOLEX to SATA Power Cable,Powered Riser Adapter Card with LED Indicator
Would it also be possible to run a "Antminer S7 ~4.73TH/s @ .25W/GH 28nm ASIC Bitcoin Miner" on this set up if I increased the power suply?
I think it looks decent? But I’m happy to hear advice/suggestions. Thanks so much!
submitted by hayjay95 to buildapc [link] [comments]

Looking for an idiot proof guide to bitcoins

So for about 2 weeks iv been trying to understand bitcoins I get some of the stuff but im still scratching my head over and over. Does anyone think they can explain this to me like they would a child.
I assume I can't use bitcoins to pay my rent or buy food for the week.
Bitcoin mining is it basically free money? (Depending of course on buying a mining rig and cost of electric) How much upkeep to the math problems do you personally have to put into it? I'm pretty awful at math
I found a website that is offering money games and what not for what I assume is bitcoin (BTC) at like 0.123231 not the actual price but the 0. is what I was worried about does this mean that the number after 0. is the bit coins or is 1 bit coin actually a crap ton of physical money?
Is trading cash (GBP, USD what have you) legit? will people give you money for bitcoins?
Can you trade cash for bitcoins or do they have to be mined? kinda the same question as above but this is thinking about having a job at say a local super market they will not offer to pay you in bitcoins (At least yet)
What measures are in place to stop you from getting scammed? and how do they work I keep hearing something about miners have to approve other peoples transactions or something but what if that miner is in a fowl mood that day and screws you over with a known false user?
How does a wallet work? different places tell me different things one tells me to use a usb drive another says put it on your computer etc and if I were to put it on a usb drive and lost it would it actually be like losing my wallet as in all my cash would be gone?
Would bitcoins be usable whilst out and about? if I decided to just pop into a restaurant and they accept bitcoin do they have special equipment or what happens there?
I know these questions are a bit weird but they are what I could think of off the top of my head if you think of any more information that could help me further understand id love to hear it.
On a website called bitmit it is telling me that 1bitcoin is = to £64 and in a video im watching the gentleman said that bitcoins are earn t at 25 coins per 10 minutes that cant be right can it? £1600 every 10 minutes seems mad
submitted by MagicMert to Bitcoin [link] [comments]

**Why I Am Mining Dogecoin**

I began seriously mining Dogecoin yesterday. I spent the last several days assembling and configuring a computer for this (among other uses). I developed a strong interest in digital currency in the last month, and have been gently wading into this exciting new world that we are all building together. I have a wife, children, and a day job, and have had an unsuccessful time explaining why I'm so interested in this, and why altcoins and Bitcoin are not a pyramid scam, a joke, etc.
Here, I hope to explain my personal reasons for choosing to spend time and money in Dogecoin mining, since it may be useful to others coming into digital currencies, as they are gaining more and more press and publicity lately with many articles in the mainstream press on Bitcoin, Coinye, etc.
Only a month ago, I began to notice that Bitcoin was really being mentioned a lot in the media. I had known about it for several years, but had assumed it would just go away. It never made sense to me (it does now!), but I didn't spend much time thinking about it. I figured, "after all, there's nothing backing it", and left it at that. Obviously, I knew nothing about currencies or monetary systems at the time, and neglected the fact that nothing tangible backs a USD either.
After hearing about the Dread Pirate Roberts / Silk Road bust, I was surprised to learn that Bitcoin was alive and had grown to such an impressive value (it was around $1,000 USD per 1 BTC at the time, as I recall). Later, I heard a longer story about Bitcoin on the radio (on NPR, I believe), and was further surprised that several legitimate, real-life businesses had started to accept Bitcoins. Now, I was hooked, and needed to learn more. By the end of December, I'd read enough about Bitcoin to know I wanted to participate, but wasn't comfortable speculating in it with real money.
I knew it wasn't going to be profitable, but in early January, I spent about $40 on a USB ASIC "Block Erupter" for Bitcoin mining. This runs at 334 MH/s (using Bitcoin's SHA-256 algorithm, not Dogecoin's scrypt algorithm). This has been sufficient to generate approximately $0.75 worth of Bitcoins over the last 2 weeks that I've been running it. It gave me something to play with, but was pathetic compared to what the professional miners were doing (measured in TH/s, tens of thousands of times faster than my capability). Reaching their levels required more specialized ASIC hardware (not just a single USB key-sized device).
The higher performing Bitcoin mining hardware was all backordered or available only from relatively unestablished companies that I would not want to send thousands of dollars for. Furthermore, the hardware seems to only really be usable for Bitcoin mining; it had no other obvious utility.
BUT, through cryptsy it was easily possible to convert other altcoins into BTC or vice-versa. Litecoin, Dogecoin, and others were mentioned in several mainstream news articles. Dogecoin was treated as a joke and novelty. However, on looking into it, along with several other altcoins, I decided it was more than serious.
Dogecoin:
Few or no other altcoins seemed to have all these properties to the same degree as Dogecoin. I started CPU-mining it immediately, lacking any GPU hardware in my house (I am not a gamer).
Even the modest CPU power in my home PCs (used for web surfing, primarily) was able to generate a little less than 1,000 DOGE per day (which was roughly $0.25 - $0.30 at the time). Not super-impressive, but enough to play with and check out the rest of the Dogecoin universe.
I became hooked. I decided that not only was this a fun thing to play with, but it was also potentially a very good investment. Not having much spare cash, not having a high risk tolerance, and not having any desire in being a "speculator", I decided that rather than convert USD to Dogecoin, I would build a more capable mining computer. I will share more details on this later, if there is interest.
Dogecoin mining on GPUs and CPUs is easy, and the cost of building a machine for this is very reasonable, considering that the machine has many other uses, including:
This is vastly superior to me, compared to investing the same amount of money in Bitcoin hardware, which is useless for anything else. Rather than speculating in Bitcoins, I decided there was no risk at all in building a computer with high-powered GPUs that would be useful for Dogecoin's scrypt-based altcoin mining, since even if it never made economic sense, I could use the system for many other things.
I had not built a PC in over 10 years, and would up spending about $2000. Since yesterday night, I am now mining Dogecoin at a consistent rate of 1.2 MH/s (my hardware can go to 1.6 MH/s, but the temperatures did not seem healthy to me, so I slowed it down while I study them).
This is extremely fun, and I'm proud to be contributing to the Dogecoin ecosystem.
submitted by wes_doge to dogecoin [link] [comments]

CMV: Bitcoin Won't Remain Decentralized If ASICs Exist

(CMV stands for change my view)
I understand non-p2pool pooled mining is currently a much bigger threat, but I feel like the 2 problems compliment each other.
Bitcoin relies on computational power to achieve decentralization. If any entity achieves over 50% of the network, they have the power to practically destroy the coin through double spending. As low as 30%, they can do severe damage through selfish mining.
Why exactly are ASICs worse for decentralization than GPUs? There's a few reasons:
Entry Costs
To get an ASIC that will actually make the slightest impact on the network or even generate enough BTC that you can even withdraw from a pool/find a share on p2pool in a reasonable amount of time, it will cost you thousands of dollars. The $100 USB miners won't do a darn thing.
GPU coins, on the other hand, can be profitably mined with $100 cards. Additionally, many people already have these, as they're purchased for other uses such as 3d rendering/animation, gaming, or simulation.
Scams:
Most ASIC companies turn out to be scams in some way or another. Butterfly Labs, Hashfast, and so many others have screwed over their customers.
NVIDIA and AMD are reputable companies with decades in the market, that must conform to corporate regulations.
Technology Withholding
Many companies that sell ASICs will not ship them or even sell them until it is more profitable to sell them than mine with them. It's simple economics for them to do so. The only people profiting are the people that make them. That's why KNCminer is making a massive ASIC farm with thousands of devices. To those who will say they profited from buying an ASIC, you got lucky. The company likely sold because the risk in using the devices themselves was too high. For example if there was a crash or rapid increase in difficulty, it would have turned out to be less profitable than selling.
Manufacturers of Video cards, AMD and NVIDIA, have more motives to sell their cards. Not only are they a regulated market, but their devices serve additional purposes. People wish to buy them for gaming, simulation, 3d rendering, etc. Because of this, they will be purchased even when unprofitable, for the sake of gaming or other reasons.
Availability
Because GPUs/CPUs are owned by millions of people, in the event of a pool gaining too much power, people can temporarily mine on their home devices to alleviate the problem. If a device that could actually make a difference costed $10,000, few people would bother to help.
The distant future
Once hobbyists that know they're losing money stop purchasing Bitcoin ASICs, and the market has more liquidity/stability, the designers of them may start hoarding the devices. They could easily create massive farms that control too much power.
Additionally, once block rewards diminish, they could practice illegal monopoly tactics. Include all transactions with super low fees to drive competition bankrupt, then when all competition is gone, raise fees to a ridiculous amount. Because designing an ASIC that would compete with current ones would cost millions of dollars to research, only to be kicked out of the market by monopoly tricks, attempting such a thing would be foolish.
Being an anonymous network, government regulation could not stop mining datacenters from abusing this.
submitted by skilliard4 to Bitcoin [link] [comments]

J'ai acheté un mineur USB en Bitcoin à Saint Lazare

Après avoir beaucoup réfléchi à investir dans le minage, fait des calculs, observé le marché, lorgné du côté des BFL Jalapeno, et vu la difficulté monter en flèche, j'ai finalement sauté le pas aujourd'hui en achetant un Block Erupter ASIC Miner usb.
Je suis convaincu que nous vivons une révolution, et j'avais envie de posséder un petit bout de cette histoire de crypto devises.
Je fais donc un tour sur le net, localise quelques vendeurs, les contacte un par un pour finalement avoir une réponse: Monsieur Spam en a plusieurs, il les écoule à 15€ pour investir dans autre chose. Rendez-vous est pris en plein centre de Paris à midi.
Je dépose quelques bitcoins dans mon wallet android, et en route pour ma première transaction crypto devise contre objet tangible.
Mon vendeur est en place, nous papotons: développeurs tous les deux, lui s'est mis à miner sur CG il y a longtemps, cette époque bénie où l'on pouvait chauffer son appart en gagnant de l'argent à coup de dissipateurs thermiques :) Les temps changent, la donne est différente; nous sommes convaincus que bitcoin est là pour durer, au moins faire bouger les lignes.
Vient le moment de payer. Je sors mon smartphone, scanne le qr code affiché sur le sien, envoie 15 euros, et "DRING" ! La transaction est effectuée quasi-instantanément, les bitcoin sont dans son wallet. Je l'invite au prochain meetup et sur reddit, on se reverra peut être, c'est une petite communauté.
Ce qui est impressionnant, c'est que lors d'une transaction de personne à personne dans le monde réel, le processus est extrêmement fluide avec les appli smartphone. 3 clics et boum c'est bon. Easy as cash !
Je pars donc avec ma minuscule machine, et me prépare à miner n'importe quoi à l'aide de CryptoSwitcher et CoinChoose... peu importe le flacon, pourvu qu'on ait l'ivresse.
TLDR: j'ai acheté un ASIC avec des bitcoin et ça s'est super bien passé.
submitted by dahugobez to BitcoinFrance [link] [comments]

[Build Help] First time PC build, need advice

PCPartPicker part list / [Price breakdown by merchant](http:USB Bitcoin mine/uk.pcpartpicker.com/p/vcdvcf/by_merchant/)
Type Item Price
CPU Intel Core i5-4690K 3.5GHz Quad-Core Processor £174.00 @ Amazon UK
CPU Cooler Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler £24.99 @ Amazon UK
Motherboard MSI Z97-GAMING 5 ATX LGA1150 Motherboard £106.99 @ Novatech
Memory Corsair Vengeance Pro 8GB (2 x 4GB) DDR3-1600 Memory £59.70 @ Aria PC
Storage Crucial MX100 128GB 2.5" Solid State Drive £53.15 @ Ebuyer
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive £41.87 @ Amazon UK
Video Card EVGA GeForce GTX 970 4GB Superclocked ACX 2.0 Video Card £273.59 @ Aria PC
Case NZXT H440 (Black/Red) ATX Mid Tower Case £89.70 @ Aria PC
Power Supply EVGA SuperNOVA NEX 650W 80+ Gold Certified Fully-Modular ATX Power Supply £63.31 @ Amazon UK
Operating System Microsoft Windows 8.1 (OEM) (64-bit) £74.34 @ Aria PC
Monitor Asus VG248QE 144Hz 24.0" Monitor £239.09 @ Aria PC
Keyboard Cooler Master CM Storm QuickFire TK Wired Gaming Keyboard £72.89 @ Amazon UK
Mouse ROCCAT Kone XTD Wired Laser Mouse £49.97 @ CCL Computers
Prices include shipping, taxes, rebates, and discounts
Total £1323.59
Generated by PCPartPicker 2015-03-28 17:38 GMT+0000
submitted by danact55 to buildapc [link] [comments]

SELLING FPGA BITCOIN MINERS - MODMINER QUAD (Have a few left)

SELLING FPGA BITCOIN MINERS - MODMINER QUAD
https://post.craigslist.org/imagepreview/m/3K43Me3J65L55E95Mcd41a17771ccf5591e55.jpg https://post.craigslist.org/imagepreview/m/3Eb3Fb3Lc5I25G95Fbd41ec1e412c6c5b1b05.jpg
The ModMiner Quad is a highly efficient FPGA Based Bitcoin Mining Device.
Price - 2 BTC each (Lowered Price) - Only accepting Bitcoins! I'm selling some FPGA Bitcoin miners due to me making room for my ASIC coming in, so I can work out the prices on these.
It features up to 4 Spartan-6 LX150 FPGA Chips that are Capable of doing up to 210Mhash each at 10 watts
For a total Unit Speed & Efficiency of 800+mhash @ only 40 watts
Compatible with the popular BFGMiner and CGMiner Bitcoin Mining Software
Also many other people have found other uses for this great device, it will easily load any Bitstream / firmware you load onto it and be used for a plethora of other applications including protein folding , DNA mapping and pretty much any distributed computer project / algorithmic application or any other thing you can through at it. A truly multi purpose Spart-6 LX150 Device, this baby is idea for all kinds of distributed computer applications, hobbyist password cracking and many other applications If you would like a powerful long lasting and multi-purpose FPGA calculation device the Modminer Quad is for you! Contents: 1x Backplane 4x Spartan 6 LX150 FPGA cards with heatsinks + fans 1x USB miniUSB cable Features: 4x Spartan 6's 800+mhash @ ~ 40 watts USB interface for configuration and communication 72MHz ARM Cortex M3 for USB interface Our own custom Firmware Super easy firmware updating for the ARM chip Temp sensor on each FPGA card Heatsink w/ cooling fan on every card 4x 3-pin headers to power standard fans Draws from the 12V supply with 5A fuse at the Molex connector LEDs to indicate that the FPGAs are configured properly Modular design for seamless FPGA upgrades and repair
Price - 2 BTC each (Lowered Price)
Click here to order - https://payment.mtgox.com/4f4a7094-24e4-4cd6-947a-4ad6ad3ad856
My Cragislist Ad - https://post.craigslist.org/manage/3715775953
submitted by bitcoinguru to BitcoinMining [link] [comments]

BFL Update: Officially shipping?

** Unfortunately I cant seem to find where on the site you confirm your order..... EDIT: Apparently its a pop up, and their site is super laggy atm
Shipping of our BitForce SC ASIC miners has begun!
You may have seen news reports of our ASIC miners in the wild and some of you may have already taken delivery. It's all true. We're finally shipping. You will receive your order as we work through the shipping queue .
If you didn't know, you can check your order status on our website. Log in by clicking here. Use the same email and password you set up your account with.
If you don't have your password, use the Lost Password function to create a new one.
So what took so long?
This third generation of our SHA256 engine was a complex multi-year investment in bringing the latest semiconductor technology to bitcoin mining.
Developing a fully custom 65nm ASIC processor is not a casual undertaking. In fact, the new products have improved mining speed by a factor of 72. This much advancement doesn't come easy and it's fair to say that getting here has been eventful.
The key issue has been the engineering related to accommodating larger power draws than expected. A good example is the Jalapeno product. It was originally designed to be powered by USB but now consumes the power of a small light bulb (30w).
Consequently the power regulator, enclosure, airflow and PCB needed upgrading to suit. Although we are very aware of the undesirable dynamics of any delay, we were nonetheless obligated to make these updates in order to deliver a reliable product at the expected performance. The same adjustments have been made with all products in the lineup. You can see the adjusted product cases in our currently posted product lineup. (The Mini Rig case will be double shipped to satisfy their orders which is why we've run out Mini Rig enclosure stock).
Final confirmation is required
Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded.
Thank you for your support and we wish you great satisfaction with your product!
submitted by mvrk10256 to Bitcoin [link] [comments]

USB Miner mit Pool verbinden - emarks minen - bitcoin mining tutorial deutsch CGMiner Solo Mining Bitcoin With A GekkoScience 2PAC ... Gekkoscience NewPac - USB BTC Mining (100 GH/s + on ... Most Powerful USB Litecoin Miner Put to the Test - YouTube How To Setups USB Gekkoscience NewPac Bitcoin Mining - YouTube

BitFury — BitFury is one of the largest producers of Bitcoin bitcoin gold btg news bitcoin usb hashing boards and bitcoin usb hashing boards. This means that the Antminer R4 will eventually produce a profit, but only if the network hash rate, Bitcoin price, and electricity costs stay the. The on-going miniaturisation of semiconductors allows ever greater computing power and electrical ... While understanding each device and its perks and drawbacks, I suggest that the recommendable device or the best USB bitcoin miner to be used would be the Gekkoscience Compac USB stick bitcoin miner as these devices are fast for USB stick miners. As in, 20 GH/s (with tuning) fast. You can get plenty of support in their forums and they even have a few example setups to work with. Reasonable ... ASIC Miner Block Erupter Bitcoin Miner USB 330MH/s USA VERKÄUFER! Kostenloser Versand!! Die Firma behauptet, dass das Gerät völlig geräuschlos läuft. In einem Jahr wird weit weniger als eine einzige BTC abgebaut, was die SP20 zu einer Verschwendung von Elektrizität macht. Wenn Sie jemanden beschenken möchten, der wie ein Teenager alt ist und sich für die Technologie interessiert, dann ... Bitcoin USB-Stick Miner bitshopper GekkoScience NewPac 22 bis 45 GH/s Hash-Geschwindigkeit: 22 bis 45 GH/s; Taktrate der beiden Bitmain BM-1387 ASICs kann über CGMiner Softwareparameter eingestellt werden; Kernspannung mittels Potentiometer einstellbar. Meßpunkte für die Feinjustierung vorhanden. Stromverbrauch: 2 bis ca. 10 W pro USB-Port je nach eingestellter Taktrate und Kernspannung ... The 21 Bitcoin Computer isn’t the typical USB Bitcoin miner. It does, however, plugin to your computer via USB. In terms of $ / hash rate, it’s not a very good choice. But since it’s still technically a USB miner we have included it in this list. If you’re not impressed, we don’t blame you! USB Bitcoin mining was only profitable when Bitcoin was in its early years. If you just want ...

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USB Miner mit Pool verbinden - emarks minen - bitcoin mining tutorial deutsch

SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL FutureBit MoonLander 2 - https://bitcoinmerch.com/collections/new-arrivals/products/futurebit-moonland... New video every Tuesday! Today we are taking a look at the Gekkoscience NewPac USB miner. We'll check all the hardware you need for setting it up, discuss so... Are USB Bitcoin Miners profitable right now? This video will show you all of the facts you need to know about usb bitcoin miners and how much money they actu... !LESEN! Heute gibt es ein Bitcoin Mining tutorial von mir. Ich zeige euch, wie Ihr euren USB Miner mit einem Pool verbinden könnt. Kostenlos Abonnent werden:... Donations for any help appreciated :) 1PMrJ6TmkHwKVoChpuBpsjttoH8yEK9C8m Just to actually show you how silent this is - nothing compared to my 2011 rig with ...

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