20+ DIY Mining Rig Case images rigs, what is bitcoin ...

Cloud Bitcoin Mining or ASIC Bitcoin Mining or DIY Hardware Mining [UK] /r/Bitcoin

Cloud Bitcoin Mining or ASIC Bitcoin Mining or DIY Hardware Mining [UK] /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?

Crypto Banking Wars: Can Non-Custodial Crypto Wallets Ever Replace Banks?
Can they overcome the product limitations of blockchain and deliver the world-class experience that consumers expect?
https://reddit.com/link/i8ewbx/video/ojkc6c9a1lg51/player
This is the second part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
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While crypto allows the world to get rid of banks, a bank will still very much be necessary for this very powerful technology to reach the masses. As we laid out in our previous series, Crypto-Powered, we believe companies that build with blockchain at their core will have the best shot at winning the broader consumer finance market. We hope it will be us at Genesis Block, but we aren’t the only game in town.
So this series explores the entire crypto landscape and tries to answer the question, which crypto company is most likely to become the bank of the future?
In our last episode, we offered an in-depth analysis of big crypto exchanges like Coinbase & Binance. Today we’re analyzing non-custodial crypto wallets. These are products where only the user can touch or move funds. Not even the company or developer who built the application can access, control, or stop funds from being moved. These apps allow users to truly become their own bank.
We’ve talked a little about this before. This group of companies is nowhere near the same level of threat as the biggest crypto exchanges. However, this group really understands DeFi and the magic it can bring. This class of products is heavily engineer-driven and at the bleeding-edge of DeFi innovation. These products are certainly worth discussing. Okay, let’s dive in.

Users & Audience

These non-custodial crypto wallets are especially popular among the most hardcore blockchain nerds and crypto cypherpunks.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets), then it’s not really your crypto. There has always been a close connection between libertarianism & cryptocurrency. This type of user wants to be in absolute control of their money and become their own bank.
In addition to the experienced crypto geeks, for some people, these products will mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.

https://preview.redd.it/vigqlmgg1lg51.png?width=800&format=png&auto=webp&s=0a5d48a63ce7a637749bbbc03d62c51cc3f75613
Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These are the common use-cases and users for non-custodial wallets.

Products in Market

Let’s do a quick round-up of some of the more popular products already in the market.
Web/Desktop The most popular web wallet is MetaMask. Though it doesn’t have any specific integration with DeFi protocols yet, it has more than a million users (which is a lot in crypto land!). Web wallets that are more deeply integrated with DeFi include InstaDapp, Zerion, DeFi Saver, Zapper, and MyCrypto (disclosure: I’m an investor and a big fan of Taylor). For the mass market, mobile will be a much more important form-factor. I don’t view these web products as much of a threat to Genesis Block.
https://preview.redd.it/gbpi2ijj1lg51.png?width=1050&format=png&auto=webp&s=c039887484bf8a3d3438fb02a384d0b9ef894e1f
Mobile The more serious threats to Genesis Block are the mobile products that (A) are leveraging some of the powerful DeFi protocols and (B) abstracting away a lot of the blockchain/DeFi UX complexity. While none get close to us on (B), the products attempting this are Argent and Dharma. To the extent they can, both are trying to make interacting with blockchain technology as simple as possible.
A few of the bigger exchanges have also entered this mobile non-custodial market. Coinbase has Wallet (via Cipher Browser acquisition). Binance has Trust Wallet (also via acquisition). And speaking of acquisitions, MyCrypto acquired Ambo, which is a solid product and has brought MyCrypto into the mobile space. Others worth mentioning include Rainbow — well-designed and built by a small indy-team with strong DeFi experience (former Balance team). And ZenGo which has a cool feature around keyless security (their CEO is a friend).
There are dozens of other mobile crypto wallets that do very little beyond showing your balances. They are not serious threats.
https://preview.redd.it/6x4lxsdk1lg51.png?width=1009&format=png&auto=webp&s=fab3280491b75fe394aebc8dd69926b6962dcf5d
Hardware Wallets Holding crypto on your own hardware wallet is widely considered to be “best practice” from a security standpoint. The most popular hardware wallets are Ledger, Trezor, and KeepKey (by our friends at ShapeShift). Ledger Nano X is the only product that has Bluetooth — thus, the only one that can connect to a mobile app. While exciting and innovative, these hardware wallets are not yet integrated with any DeFi protocols.
https://preview.redd.it/yotmvtsl1lg51.png?width=1025&format=png&auto=webp&s=c8567b42839d9cec8dbc6c78d2f953b688886026

Strengths

Let’s take a look at some of the strengths with non-custodial products.
  1. Regulatory arbitrage Because these products are “non-custodial”, they are able to avoid the regulatory burdens that centralized, custodial products must deal with (KYC/AML/MTL/etc). This is a strong practical benefit for a bootstrapped startup/buildedeveloper. Though it’s unclear how long this advantage lasts as products reach wider audiences and increased scrutiny.
  2. User Privacy Because of the regulatory arbitrage mentioned above, users do not need to complete onerous KYC requirements. For example, there’s no friction around selfies, government-issued IDs, SSNs, etc. Users can preserve much of their privacy and they don’t need to worry about their sensitive information being hacked, compromised, or leaked.
  3. Absolute control & custody This is really one of the great promises of crypto — users can become their own bank. Users can be in full control of their money. And they don’t need to bury it underground or hide it under a mattress. No dependence, reliance or trust in any third parties. Only the user herself can access and unlock the money.

Weaknesses

Now let’s examine some of the weaknesses.
  1. Knowledge & Education Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto geeks. Imagine how an average, non-crypto user feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve is very high and will always be a major blocker for adoption. We’ve talked about this in our Spreading Crypto series — to reach the masses, the crypto stuff needs to be in the background.
  2. User Experience It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Product Limitations Most non-custodial wallets today are based on Ethereum smart contracts. That means they are severely limited with the assets that they can support (only erc-20 tokens). Unless through synthetic assets (similar to Abra), these wallets cannot support massively popular assets like Bitcoin, XRP, Cardano, Litecoin, EOS, Tezos, Stellar, Cosmos, or countless others. There are exciting projects like tBTC trying to bring Bitcoin to Ethereum — but these experiments are still very, very early. Ethereum-based smart contract wallets are missing a huge part of the crypto-asset universe.
  4. Technical Complexity While developers are able to avoid a lot of regulatory complexity (see Strengths above), they are replacing it with increased technical complexity. Most non-custodial wallets are entirely dependent on smart contract technology which is still very experimental and early in development (see Insurance section of this DeFi use-cases post). Major bugs and major hacks do happen. Even recently, it was discovered that Argent had a “high severity vulnerability.” Fortunately, Argent fixed it and their users didn’t lose funds. The tools, frameworks, and best practices around smart contract technology are all still being established. Things can still easily go wrong, and they do.
  5. Loss of Funds Risk Beyond the technical risks mentioned above, with non-custodial wallets, it’s very easy for users to make mistakes. There is no “Forgot Password.” There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own, just as CZ suggests. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. There are some new developments around social recovery, but that’s all still very experimental. This just isn’t the type of customer support experience people are used to. And it’s not a risk that most are willing to take.
  6. Integration with Fiat & Traditional Finance In today’s world, it’s still very hard to use crypto for daily spending (see Payments in our DeFi use-cases post). Hopefully, that will all change someday. In the meantime, if any of these non-custodial products hope to win in the broader consumer finance market, they will undoubtedly need to integrate with the legacy financial world — they need onramps (fiat-to-crypto deposit methods) and offramps (crypto-to-fiat withdraw/spend methods). As much as crypto-fanatics hate hearing it, you can’t expect people to jump headfirst into the new world unless there is a smooth transition, unless there are bridge technologies that help them arrive. This is why these fiat integrations are so important. Examples might be allowing ACH/Wire deposits (eg. via Plaid) or launching a debit card program for spend/withdraw. These fiat integrations are essential if the aim is to become the bank of the future. Doing any of this compliantly will require strong KYC/AML. So to achieve this use-case — integrating with traditional finance —all of the Strengths we mentioned above are nullified. There are no longer regulatory benefits. There are no longer privacy benefits (users need to upload KYC documents, etc). And users are no longer in complete control of their money.

Wrap Up

One of the great powers of crypto is that we no longer depend on banks. Anyone can store their wealth and have absolute control of their money. That’s made possible with these non-custodial wallets. It’s a wonderful thing.
I believe that the most knowledgeable and experienced crypto people (including myself) will always be active users of these applications. And as mentioned in this post, there will certainly be circumstances where these apps will be essential & even life-saving.
However, I do not believe this category of product is a major threat to Genesis Block to becoming the bank of the future.
They won’t win in the broader consumer finance market — mostly because I don’t believe that’s their target audience. These applications simply cannot produce the type of product experience that the masses require, want, or expect. The Weaknesses I’ve outlined above are just too overwhelming. The friction for mass-market consumers is just too much.

https://preview.redd.it/lp8dzxeh1lg51.png?width=800&format=png&auto=webp&s=03acdce545cd032f7e82b6665b001d7a06839557
The winning bank will be focused on solving real user problems and meeting user needs. Not slowed down by rigid idealism like censorship-resistance and absolute decentralization, as it is with most non-custodial wallets. The winning bank will be a world-class product that’s smooth, performant, and accessible. Not sluggish and slow, as it is with most non-custodial wallets. The winning bank will be one where blockchain & crypto is mostly invisible to end-users. Not front-and-center as it is with non-custodial wallets. The winning bank will be one managed and run by professionals who know exactly what they’re doing. Not DIY (Do It Yourself), as it is with non-custodial wallets.
So are these non-custodial wallets a threat to Genesis Block in winning the broader consumer finance market, and becoming the bank of the future?
No. They are designed for a very different audience.
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Other Ways to Consume Today's Episode:
Follow our social channels: https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

After 7 PC builds and as a first time Alienware owner...I don't think I will be going back to DIY builds.

tl;dr - Extremely happy as an Alienware owner. Will continue to purchase Alienware pre-builds as long as the quality remains good. . I used to be one of those PC builders who would scoff at the idea of owning a pre-built PC. I would say they were overpriced, don't perform as well to a DIY, sometimes use unknown OEM parts, etc. I'm sure many of you are familiar with the criticisms leveled against pre-built manufacturers, let's just say I had an attitude of superiority over people that went pre-built, especially something from Dell. . Well now I'm singing a different tune and would like to defend the concept of pre-builts first. . After doing 7 PC builds, it is so refreshing to take a PC out of the box, plug it in and power it up with no hassle or issues. I've done builds where parts either came DOA, had issues during POST, or couldn't get past the BIOS, or temps were too hot that required redoing thermal paste/reseating cooler, or other weird abnormalities that required troubleshooting that could last a week before finally isolating the bad part, etc. I would dread having to do a new PC build because I never know what to expect, either things go smoothly or something goes wrong. It just no longer became fun to do builds anymore. I'm also getting older and I no longer have the patience to tweak parts to make them work optimally. . So the idea that I can go on a website, pick out whatever parts I want for my PC, have it assembled by Dell and then shipped to my door is awesome. I love the convenience. The only thing I swapped out was the GFX card, which was a pretty easy affair. . But why Alienware? Why not NZXT BLD, or iBuyPower, or any of these other companies? Well a couple of reasons. First, I read reviews of the Aurora R8 online with the specs I wanted (i9-9900k, RTX2080ti, etc.) and the components under benchmark testing matched up with results in a DIY build. There were no criticisms regarding the hardware, except for one reviewer that showed FPS results 10-15 frames lower than other RTX2080ti cards (but I suspect the problem lies in some of the other components in that build which may have throttled performance and it wasn't clear what the reviewer's overclock settings were, if any). Just to be on the safe side and taking that on face value, I decided to purchase a card separately. Anyway, so the reviews were good across the board and what you would expect performance wise. The other thing is customer support. Apparently if you run into problems with NZXT BLD and some of these other pre-built manufacturers, you run into non-existent customer support. Well if you are spending a lot of money for a build, I think there needs to be decent enough support to back it. Dell used to be notorious back in the day for having some of the worst customer support, however I looked into recent reports of their service being much better than it used to be. Supposedly Dell invested a ton of money in getting their service up to par. I mean if I ever need some kind of troubleshooting, I'm sure it'll probably start with a guy in India but a lot of the recent feedback I've read seems to reassure folks are taken care of, it seems. Lastly, the prices on Dell pre-builts, especially if you get them during a sale and have an employer discount and whatever else, can come out to being near identical to a DIY with the same specs or even slightly cheaper. I saved roughly ~$1k getting an Alienware during a sale and pretty much came out to the same price as one I did on PCPartsPicker. I guess the DIY market is still reeling from the bitcoin mining craze. Oh and one other thing about Alienware, and I know this sounds silly, but is its reputation. Dell isn't going to risk putting crappy components that could severely damage the brand in the eyes of consumers. Especially a brand that is supposed to be their premier gaming line. Imagine if their lineup had a failure rate of like 30% or something, nobody would ever trust them again. . So anyway, I am extremely happy with how my Alienware is performing. I've already run a lot of stress tests on the components and they match the average of other user results. The only glaring downside is the funky Alienware software, drivers, and typical Windows BS. Really if there is anything to complain about here is how much I dislike Windows OS and much of the software, but none of that is necessarily Alienware's fault except their Command Center. There's a lot of room for improvement. I'm using their OC2 profile for overclocking the CPU @ 5Ghz and RAM @ XMP. I could do this stuff in the BIOS but again I can just click it here in the software which makes the changes in the BIOS for me. Already ran OC Scanner thru Afterburner on my card. . I plan on purchasing more Alienware pre-built PCs in the years to come. I couldn't be happier with the convenience and performance. And I hope the support is good whenever I would need it. Definitely would recommend the brand to those tired of doing their own builds.
submitted by AJRey to Alienware [link] [comments]

An extensive guide for cashing out bitcoin and cryptocurrencies into private banks

Hey guys.
Merry Xmas !
I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After my original post, I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively.
The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow.
I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started.
There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise.
*The origin of your crypto wealth
*Your background (residence, citizenship and probity)
These two aspects must be documented in-depth.
How to document your crypto wealth. Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit.
1. Context around the original amount/investment Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. However, if you can show me the record of a wire from your bank to Tisbane (Mtgox's parent company) it's a great way to start.
Otherwise, what I am trying to document here is the following: I need context. If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. If you were given bitcoin against a service you charged, show me an invoice.
2. Tracking your wealth until today and making sense of it. What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand.
Let’s have a look at a few examples and how to document the few profiles I mentioned earlier.
The trader. I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous.
The early adopter. Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. I mainly focus on three things here:
*proof of early adoption I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early.
*story telling Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day.
*micro transaction from an old address you control This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. You can also do a microtransaction to your own wallet, but banks generally prefer transfer to their own wallet. Patience with them please. they are still learning.
*signature message Why do a micro transaction when you can sign a message and avoid potentially tainting your coins ?
*ICO millionaire Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow.
The miner Not so easy to proof the wealth is legit in that case. Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. So my strategy to proof mining activity is as follow:
*Focusing on IT background whenever possible. An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig.
*Showing mining equipment receipts. If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful.
*Wallet.dat files with block mining transactions from 2011 thereafter This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened.
*Poolmining account. Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet.
*Describing your set up and putting it in context In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time.
The corporate entity Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me.
The black market Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative.
The OTC buyer and the libertarian. Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. I will run forensic services like elliptic, chainalysis, or scorechain on an extract of your wallet. If this scan does not raise too many red flags, then maybe we can work together ! If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯_(ツ)_/¯ I am not a magician and don’t get me wrong, I love monero, it’s not the point.
Cashing out ICOs Private companies or foundations who have ran an ICO generally have a very hard time opening a bank account. The few banks that accept such projects would generally look at 4 criteria:
*Seriousness of the project Extensive study of the whitepaper to limit the reputation risk
*AML of the onboarding process ICOs 1.0 have no chance basically if a background check of the investors has not been conducted
*Structure of the moral entity List of signatories, certificate of incumbency, work contract, premises...
*Fiscal conformity Did the company informed the authorities and seek a fiscal ruling.
For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me.
First, stop thinking Switzerland is a “offshore heaven” Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered (>60%). There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. Swiss private banks makes it easy for you to keep a good your relation with your retail bank and continue paying your bills without headaches. They are integrated to SEPA, provide ebanking and credit cards.
For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t.
EU tricks
Swiss lump sum taxation Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible.
Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. The Finma has a very pragmatic approach. They have issued guidance- updated guidelines here. They let the business get organized and operate their analysis on a case per case basis. Only after getting a deep understanding of the market will they issue a global fintech license in 2019. This approach is much more realistic than legislations which try to regulate everything beforehand.
Italy new tax exemption. It’s a brand new fiscal exemption. Go to Aoste, get residency and you could be taxed a 100k/year for 10years. Yes, really.
Portugal What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! Anyway. FYI
Malta Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way.
Monaco Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids?
Dubaï
  1. Set up a company in Dubaï, get your resident card.
  2. Spend one day every 6 month there
  3. ???
  4. Be tax free
US tricks Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen.
The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains).
The case for Porto Rico. Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to pwc From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again.
Trust tricks Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly.
“Anonymous” cash out. Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. FYI, this only works for non-US and large cash out.
The difference between traders an investors. Danmark, Holland and Germany all make a huge difference if you are a passive investor or if you are a trader. ICO is considered investing for instance and is not taxed, while trading might be considered as income and charged aggressively. I would try my best to protect you and put a focus on your investor profile whenever possible, so you don't have to pay 52% tax if you do not have to :D
Full cash out or partial cash out? People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;)
What the Private Banks expect. Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. If you want to cash out, you should sell enough to be comfortable and have some left. Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight.
The cash out logistics. Cashing out 1m USD a day in bitcoin or more is not so hard.
Let me just tell you this: Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, Even if you have a bitfinex account and you are willing to expose your wealth there, Even if you have managed to pass all the crazy due diligence at Bitstamp,
The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny.
Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. It is way better to trade OTC. Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary if we are talking about huge amounts.
Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.
Most well-known OTC desks are Cumberlandmining (ask for Lucas), Genesis (ask for Martin), Bitcoin Suisse AG (ask for Niklas), circletrade, B2C2, or Altcoinomy (ask for Olivier)
Very very large whales can also set up escrow accounts for massive block trades. This world, where blocks over 30k BTC are exchanged between 2 parties would deserve a reddit thread of its own. Crazyness all around.
Your options: DIY or going through a regulated financial intermediary.
Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately.
The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused.
Of course, you also have the option to do it yourself. It is a way more tedious and risky process. Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them!
The paradox of crypto millionaires Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax.
The race to cash out crypto billionaire and the concept of late exiter. The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. Sorry guys but with all the respect I have for wallstreebet, AMD and YOLO stock picking, some discipline is necessary. The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million.
Last remarks. I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction.
Cheers. @swisspb on telegram
submitted by Swissprivatebanker to Bitcoin [link] [comments]

FPGA HPC

Has anyone ever attempted to build a FPGA hpc cluster using bitcoin mining gear to configure the FPGAs and 40-100G network to load the actual data sets for processing? Custom hardware yes, but could be useful for things like cryptography and the like. Possibly develop some generic RISCV soft processors with four or three pipelines, for a many core CPU on each chip.
Could be interesting in practice and could be done multiple different ways, just getting that kind of internal band width stumps me. (200-400+ gb/s) Got several ideas, none are that economical DIY or enterprises for that matter.... Could scale really easily over multiple racks, just the network infrastructure needed is mind boggling.
~Kain Kelly
submitted by Kainkelly2887 to HPC [link] [comments]

Is there a niche for a small portable digital "typewriters"? (or the story of my keyboard experience)

Hello, MK Redditors.
I'm here with quite an endeavour.
But first, let me tell you a little (actually, a lot. lol) about myself. My name is Ilya (yes-yes, I love you all). I'm from Russia and I have cerebral palsy (nothing to worry about, it's just the way it is). Because of my creative nature, I always wanted to make something. When I was a little kid, my favourite toy was a LEGO set. I had literary a full bucket of it and was building cities, machines and all sorts of stuff, functional and not. Then the school years came... I did well in school (it was a special one for students with disabilities). The only problem was I could not write. I mean, yeah... I can write by hand (thanks to my parents, pre-school teachers and my first teacher in elementary school), but it's much much slower than the non-disabled people, and even my disabled classmates were outpacing me in writing by hand. In the elementary school it was all right, I tried to keep a pace. But by the 3rd grade (we have 4 years elementary, 6 years middle and 2 years of high school) it became apparent that I needed some extra help with that. We did not have iPads, or iPhones and even cellphones were a luxury back in the late 90s - early 2000s. So the school had a couple of electric (but not digital) typewriters for the students like me. Oh... That clicks... That feels... For a small 10 y.o. me it was huge noisy beast of a mechanical and electrical powers fused together, literally spitting the letters on paper and choking on itself when the jam occurred (which, frankly speaking, occurred quite often under my little unstable fingers). But anyway, I was writing faster and faster. I loved it. To be able to materialise my ideas onto something physical (a.k.a. paper), to be able to express myself through the written text, to make my world on paper. It was fascinating. It was like LEGO, but on a much bigger scale. Because this time I was expressing myself not trough premade pieces of plastic, but rather using the words, building blocks of society and culture. Around the same time, my parents got me my first PC - the outdated Win95 machine with fat tube monitor covered with "eye-protecting" film, floppy discs as the only means of transferring files and, obviously, no internet. Keyboard was much slimmer, but also cheaper. There were no... character to it. But hey... It was the COMPOOOTER! My, personal, with all the software and hardware to explore. Being quite curious child, I was exploring the broad world of Computing. I remember crashing the system a couple of times due to my "what will happen if I delete/run this" to the point of complete wipe of the HD, or messed up BIOS. The computer guy would then come with like 20 Floppies to reinstall the system. The pure childish curiosity and no fear of making mistakes... The golden years, indeed.
The teenage years came in. I started to write poetry and songs. Because... well... hormones, love, hatred, broken heart and other teenage shite. OOTERS are becoming more powerful, KEEBS are becoming cheaper and shittier. One time I've completely worn off WASD claster (I loved Video Games. I still am, just don't have enough time to play them. The adult life got the best of me... lol)
Then... well... Came the UNI-time... I've switched to Mac to be "more productive", plus the MacOS looked nice and Windows were starting to go downhill. With Uni came the tremendous amount of writing. The first year I typed my course notes on a touch screen of my iPad. Because it's portable and much lighter than notebook (laptop). Then I got myself the case with the keyboard. The shittiest keyboard of all... Small... Uncomfortable... Rubbery-domey... My Apple Wireless is not the best keeb, but at least bearable. But what other options I had, for real? I could bring Battleship-type of keeb for iPad... But I did not know that mechanical keyboards existed. Until recently. I've beed lurking this place for quite some time. And thanks to this wonderful community, I'll be getting my first mech very soon. It's quite the investment. We shall see if it pays out.....
My other passion is programming and DIY electronics. I'm still a noob at it. But hey... Learning new skills is fun and good for your brain. I have built a 3D printer, a portable PC that I designed myself and a retro gaming console (on a RPi). So yeah...
So... TL;DR of this long introductory section: I love writing (as you can probably tell by this wall of text), computers and DIY.
That is my story so far. As you can see, the keyboards (at least for the way I see it) are becoming worse and worse, while PCs are becoming more commonly distributed. I mean EVERYONE's got a computer in one form or another, be it a stationary PC, a tablet PC or a smartphone.
Plus, the devises are becoming "smart". The "smartification" of our devices is so common, that we don't know whether our smart fridge is secretly streaming our nightly snack for the whole Internet to watch or mining that sweet sweet Bitcoin for the North Korea while we are on a holiday.
I'm thinking about my next DIY project. And since I've got my hands dirty in PCB design, I'm thinking of throwing together every skill I have and make... drum roll, please...
__
The portable digital typewriter.
__
Basically a smart mechanical keyboard. Something like Freewrite, but smaller and more portable and definitely cheaper. I'm thinking maybe a 40% layout with the Pi Zero W (even smaller version of a Raspberry Pi) as the brain.
If I like the end result, I might as well make a small batch and sell it. So... My main question is this:
Is there a market for such devices? Or is it just a gimmicky gadget that will be there for the LOLs? What are your opinions on such a device?
I myself would see this as a small niche item for the disabled like me who is in need for the small and portable device to write on or the writers who don't like to carry the laptop and the mech keyboard with them.
What do you, guys and gals of MKR, think about it?
Once again, sorry for a wall of text.
submitted by ILWrites to MechanicalKeyboards [link] [comments]

All The Longreads (So Far)

I'm trying to work on a system that would pull only the longreads links out and shove them into their own RSS feed. It's super hacky and embarrassing and all the other things that prevent people from sharing code (I will eventually, I promise...it's only 11 lines of python right now). But, I should at least share all the links, by date, in a post. Please enjoy all the longreads:
Tue, 20 Nov 2018 21:56:00 -0000 * How The Wall Street Journal is preparing its journalists to detect deepfakes * Self-driving trucks in US offer window into where machines may replace humans * When Elon Musk Tunnels Under Your Home * The Case Against Quantum Computing * HOW GOOGLE AND AMAZON GOT AWAY WITH NOT BEING REGULATED * How to Use an iPod Touch as a Secure Device Instead of a Phone * Scientists say goodbye to physical definition of the kilogram
Fri, 16 Nov 2018 22:15:10 -0000 * THE GENIUS NEUROSCIENTIST WHO MIGHT HOLD THE KEY TO TRUE AI * Are Killer Robots the Future of War? Parsing the Facts on Autonomous Weapons * The Internet Has a Huge C/C++ Problem and Developers Don't Want to Deal With It * How Superhuman Built an Engine to Find Product/Market Fit * THE HAIL MARY PLAN TO RESTART A HACKED US ELECTRIC GRID * Space Camp grows up
Fri, 09 Nov 2018 21:56:00 -0000 * Why Technology Favors Tyranny * Tech C.E.O.s Are in Love With Their Principal Doomsayer * HQ Trivia was a blockbuster hit — but internal turmoil and a shrinking audience have pushed its company to the brink * ‘It’s Giant and Has Like Five Million Buttons.’ The Office Desk Phone Won’t Die * Why Doctors Hate Their Computers * Here Comes ‘Smart Dust,’ the Tiny Computers That Pull Power from the Air * ASTRONOMERS SEE MATERIAL ORBITING A BLACK HOLE RIGHT AT THE EDGE OF FOREVER
Fri, 02 Nov 2018 20:56:00 -0000 * The Facebook Dilemma, Part 1 * The Facebook Dilemma, Part 2 * A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada * The Man Behind the Scooter Revolution * A Fork in the Road for Avis * The Encyclopedia of the Missing
Fri, 26 Oct 2018 20:56:00 -0000 * Inside Rockstar Games' Culture Of Crunch * At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks * Podcast on Netflix Culture * It Might Get Loud: Inside Silicon Valley’s Battle to Own Voice Tech * How Dara Khosrowshahi’s Iranian heritage shapes how he leads Uber * AN ALTERNATIVE HISTORY OF SILICON VALLEY DISRUPTION
Fri, 05 Oct 2018 20:56:00 -0000 * The iPhone XS & XS Max Review: Unveiling the Silicon Secrets * Sex Workers Pioneered the Early Internet—and It Screwed Them Over * Raised by YouTube * Old Unicorn, New Tricks: Airbnb Has A Sky-High Valuation. Here's Its Audacious Plan To Earn It * EA announces ‘FIFA 19’ PS4 esports tournament
Fri, 28 Sep 2018 20:56:00 -0000 * How Uber is getting flying cars off the ground * Coinbase Wants To Be Too Big To Fail * The Apple Watch – Tipping Point Time for Healthcare * Meet the Community Keeping Obsolete Supercomputers Alive * The first Android phone 10 years later: An annotated review * Hacker says he'll livestream deletion of Zuckerberg's Facebook page
Fri, 21 Sep 2018 20:46:00 -0000 * Inside Facebook’s Election ‘War Room’ * Bitcoin Miners Flock to New York’s Remote Corners, but Get Chilly Reception * Living The Stream * A brief history of the numeric keypad * Inside the Dramatic, Painful--and Hugely Successful--Return of Reddit's Founders
Fri, 14 Sep 2018 20:55:47 -0000 * Android 9 Pie, thoroughly reviewed * Why a Leading Venture Capitalist Is Betting on a Decentralized Internet * Olaf Carlson-Wee Rode the Bitcoin Boom to Silicon Valley Riches. Can He Survive the Crash? * Memo to the Silicon Valley boys’ club: Arlan Hamilton has no time for your BS * Driverless Hype Collides With Merciless Reality
Fri, 07 Sep 2018 21:02:25 -0000 * Inside the World of Eddy Cue, Apple’s Services Chief * Bezos Unbound: Exclusive Interview With The Amazon Founder On What He Plans To Conquer Next * The Super Rich of Silicon Valley Have a Doomsday Escape Plan * What went wrong at Social Capital * How Android Pie’s Adaptive Battery and Adaptive Brightness work * The man who won the lottery 14 times
Fri, 31 Aug 2018 20:56:00 -0000 * Franken-algorithms: the deadly consequences of unpredictable code * Logged off: meet the teens who refuse to use social media * How Big Tech Swallowed Seattle * The Mystery of People Who Speak Dozens of Languages
Fri, 17 Aug 2018 20:56:00 -0000 * VIRGIN GALACTIC’S ROCKET MAN * Inside Evernote’s brain * LET’S ALL GO BACK TO TUMBLR * Why Can’t Europe Do Tech? * To Get Ready for Robot Driving, Some Want to Reprogram Pedestrians
Fri, 03 Aug 2018 20:56:00 -0000 * How Robot Hands Are Evolving to Do What Ours Can * Why the Next Silicon Valley Will Probably Be Outside the U.S. * Masayoshi Son’s secret to running his $100 billion fund: Telling start-ups to treat each other like family * What Happened to General Magic? * Growing Up Jobs
Fri, 27 Jul 2018 20:56:00 -0000 * Brock Pierce: The Hippie King of Cryptocurrency * How Silicon Valley Has Disrupted Philanthropy * THE 'GUERRILLA' WIKIPEDIA EDITORS WHO COMBAT CONSPIRACY THEORIES * Inside Google’s Shadow Workforce * MySpace and the Coding Legacy it Left Behind
Fri, 13 Jul 2018 20:55:00 -0000 * Hell for Elon Musk Is a Midsize Sedan * How Twitter Became Home to the Teen Status Update * Why Some of Instagram's Biggest Memers Are Locking Their Accounts * GEORGE HOTZ IS ON A HACKER CRUSADE AGAINST THE ‘SCAM’ OF SELF-DRIVING CARS * THE ONLY GOOD ONLINE FANDOM LEFT IS DUNE * Netflix Isn’t Being Reckless, It’s Just Playing a Game No One Else Dares (Netflix Misunderstandings, Pt. 3)
Fri, 22 Jun 2018 20:50:39 -0000 * How Twitter Made The Tech World's Most Unlikely Comeback * The Legend of Nintendo * Intel now faces a fight for its future * INSIDE THE CRYPTO WORLD'S BIGGEST SCANDAL
Fri, 08 Jun 2018 20:57:00 -0000 * ‘I can understand about 50 percent of the things you say’: How Congress is struggling to get smart on tech * The Twitter crime mystery that gripped Spain * Meet the people who still use Myspace: 'It's given me so much joy' * Exploring The Digital Ruins Of 'Second Life' * Why Aren’t We All Buying Houses on the Internet?
Fri, 01 Jun 2018 20:57:00 -0000 * Obama's US Digital Service Survives Trump—Quietly * he Search for Women Who Want Cybersecurity Careers * How Futures Trading Changed Bitcoin Prices * The Growing Emptiness of the "Star Wars" Universe
Fri, 11 May 2018 20:57:00 -0000 * Don't Skype Me: How Microsoft Turned Consumers Against a Beloved Brand * How to Make Your Open Office Less Annoying * The 15 People Who Keep Wikipedia’s Editors From Killing Each Other * The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers * Supercomputers are driving a revolution in hurricane forecasting
Fri, 04 May 2018 20:57:00 -0000 * ‘Hi, It’s Amazon Calling. Here’s What We Don’t Like in Your City.’ * Over 400 Startups Are Trying to Become the Next Warby Parker. Inside the Wild Race to Overthrow Every Consumer Category * All We Want to Do Is Watch Each Other Play Video Games * CoinTalk
Fri, 27 Apr 2018 20:30:29 -0000 * Inside Jeff Bezos’s DC Life * Hulu Beyond 'Handmaid's Tale': Execs and Stars on a Promising Yet Uncertain Future * Can Silicon Valley Get You Pregnant? * You could be flirting on dating apps with paid impersonators
Fri, 06 Apr 2018 21:05:17 -0000 * Lawyer bots take the hassle out of fighting parking tickets and property taxes — and could cost local governments real revenue * How Europe’s new privacy rule is reshaping the internet * Checking in with the Facebook fact-checking partnership * A 200-Year-Old Idea Offers A New Way to Trace Stolen Bitcoins * South Korean millennials are reeling from the Bitcoin bust
submitted by berrydewd to RideHome [link] [comments]

Wafflepool and Multipool together control over 50% of the global hashrate. Shibes, this is a serious problem.

tl;dr: MFW I see a threat to Dogecoin: http://i.imgur.com/vtF2yU6.gif
As of this writing, Wafflepool (with 37.66% of the network hashrate) and Multipool (with 18.74% of the network hashrate), control 56.34% of the network hash rate.
Source: https://pools.rapidhash.net/
This is a problem
Are these pools likely to collude to 51% our beloved coin? Not likely at all.
Does every human person with access to two computers on the Internet practice perfect security when it comes to authentication and server hardening? Not likely at all.
The 51% attack is now quite possible if someone compromises just two computers: the controllers at the top of these two pool hierarchies.
+GoodShibe talked about decentralizing hashrate last week in Of Wolves and Weasels. In response, I put up a quick and admittedly quite imperfect project to help explain and combat centralization by promoting ubiquitous CPU mining on existing, unused hardware.
Dogecoin needs to be peer-to-peer, for real, to survive
The 51% Attack is not theoretical -- read up on the attack last June against Feathercoin. They were unprepared for this and I believe as a result of this event, Feathercoin is now all but dead. Today, the attacker(s) is/are still unknown and presumably at large.
I don't know how to solve this. I know there are many, many smart cryptocoin experts on this subreddit. Cheer me up so I can go back to goofing off with this play-pretend-but-really-real-mostly cryptocurrency project.
Thanks!
edit: first 26 minutes of this post, 3 uprockets, 3 downdigs. funky i guess i have to gun for the controversial tab instead of the hot tab.
edit1: first 21 hours of this post, tons of uprockets and tips. Thanks everyone! I learned a lot about hashrate and malicious intent, and I hope others did, too! And here I thought the 0 score was going to doom this post. For more like this, visit /panicdoge!
submitted by TheGoddamBatman to dogecoin [link] [comments]

Skywire Testnet FAQ Update (July, 2018)

Please keep in mind that this will be an evolving FAQ and a living document as we progress through our testnet, so check back here often for updates.

General Information

What is the objective of the Skywire Public Testnet?

There are several goals we will accomplish with the Skywire Public Testnet. The testnet will be split into several phases. The version running today is the internal version of our testnet, aimed to validate its function and performance. The coming revision will publicize the network, as well as establish a fair economic model reward mechanism for running nodes. This will be based upon analysis of node utilization during testing. This testing will provide us valuable information to design a robust mathematical model for the mainnet so that all nodes on the mainnet will be automatically incentivized under a fair economic model.

What is the function of this version?

Once a user sets up an operational node, they will be able to search for other nodes and be connected to users around the world, breaking down borders and barriers to access global information.
Note that any computer can become a node on the network, however, only whitelisted Skyminers (all Official and selected DIY) will be participating in the economic model testing program, and eligible for rewards.

What kind of Skyminers will be whitelisted for the Testnet?

There are three main categories of Skyminers:
The initial whitelist will include the Official Skyminers that have shipped to users around the globe. These will become the baseline for early DIY Skyminers. Since we are entering into uncharted skies, we want to initially reduce any variables possible and test the network in a controlled manner.
We have already been scaling out to include high quality DIY Skyminers with equivalent specifications, and eventually any Skyminer (official or DIY) that reaches the minimum specifications required. Those minimum specifications will be determined during the testnet and released to the Skyfleet community as they become available so stay tuned.

What will be the whitelisting process be like?

First, the Skywire core team will collect the public keys for each node within each Official Skyminer. Since there are 8 nodes in a Skyminer, each will have 8 public keys. These Official Skyminers will be whitelisted once public keys are provided to the Skywire core team.
Here is a link to the whitelist submission page
DIY Skyminers will be reviewed manually and approved weekly (approximately 50 per week) following the completion of the whitelisting process for the Official Skyminers.

Can DIY Skyminers join the whitelist?

While Official Skyminers will be on the whitelist by default (upon submission and receipt of their public keys), DIY Skyminers will be allowed to join the whitelist based on the benchmark set by the Official Skyminer’s hardware configuration. DIY Skyminers will be required to provide detailed specifications and photos, submitted to the corresponding team for review. Qualified DIY Skyminers will be added into the testnet whitelist. Please remember that only selected DIY miners will be whitelisted. You may refer to the Skywire community on Telegram or the community Skywug forum for more discussions around this topic.
The first generation Offiicial Skyminer hardware configuration is as follows:
8 hardware nodes made up of 8 Orange Pi Prime PCB boards
8+1 100Mbps router (custom 16-port OpenWRT in production)
16GB RAM (8 x 2GB DDR3)
ARM Cortex-A53 CPU
Hexa-core Mali450 GPU
LAN Bandwidth: 8 x 1000Mbps
64-bit Linux (Alpine Linux)

What kind of hardware will be able to participate in the Testnet?

Any computer can be added to the Skywire Public Testnet, set up as a node, and use the functions of Skywire. However, only a limited number of machines will be whitelisted (including Official Skyminers and some DIY Skyminers as noted above) and receive rewards during the testing stage.
Machines not on the whitelist will still be able to participate in the network and access the full service of the network, however they will not receive rewards.

Is a dedicated router part of the required spec? For example, if someone builds a miner that meets spec with 8 nodes and a switch, but just has it connected directly to their home/ISP Router will they be whitelisted?

They could be whitelisted. Official miner is just a benchmark and DIY Skyminer doesn’t require the exact same setup as the benchmark.

Is there any difference between Official Skyminers and DIY Skyminers?

In the current testnet, only ONE miner is allowed to be whitelisted per IP address. In the future when rewards is proportional to the bandwidth you are producing for the network, any rewards is directly tied to the bandwidth you are producing so you may have any number of miners as you want with a single IP address.

How do I setup the software for my Official Skyminer?

We have simplified the process of setting up a Skyminer by creating a Skywire software package image for users to directly flash to their SD cards. The image contains all the standard functions that the nodes will need to get started with Skywire, such as the operating environment, static IP address, auto-start function, etc.
Please visit the Skywire Github for a detail tutorial on the software set up process.

How do we join the Testnet?

Those who have previously installed a version of Skywire can update directly in the software. (Note: if the update fails, please reinstall it by following the instructions on Github: https://github.com/skycoin/skywire).
Please remember that only whitelisted miner will receive rewards at this stage. However, you can still access the same VPN functions with Skywire along with everyone else!

What do we do after installation?

It is simple! All you have to do is keep the node online so that other Skywire nodes can connect to yours, as we perform network tests and do all the heavy lifting from our end. Grab a drink, sit back, relax and enjoy using the new internet :).

Economics

What will be the reward mechanism for running nodes?

At the moment, whitelisted miners will require a minimum of 75% up time per month to receive that month's rewards. The reward ratio will be set carefully going forward. We will first need a rigorous dataset as a point of reference and will be adjusting the rate continuously throughout the process as the economic model gets established.
It is important to note that in the current testnet, Skycoin is rewarded independent to bandwidth production of your miner. In the future, Coin Hours will be earned instead of Skycoin depending on the bandwidth you are providing to the Skywire network.

Do we get extra rewards for maintaining >75% up-time?

No you will not. Everyone who maintain >75% up-time will receive the same rewards.

What is the mining rewards?

For the first month, the rewards was set as 96 SKY per official miner and 6 SKY per node up to 48 SKY for DIY miners. As we figure out the most optimal economics to incentivise a global meshnet of hardware infrastructure for this new internet, this number will change depending on the growth of our network.

Does Skyminer mine Coin Hours?

Coin Hours is a separate currency produced by Skycoin. Each Skycoin produce 1 Coin Hour every hour. Coin Hour will be used in the future to pay for transactions in the Skycoin economy such as Skywire and Kitty Cash accessories. Once we move onto the main net, Skyminer will produce Coin Hour instead.

How often does the whitelist uptime monitoring refreshes?

It refreshes at the beginning of every month.

Do we need to be whitelisted once we move to the mainnet?

No. Anyone is free to join and start earning by contributing valuable resources (bandwidth, storage and computation) once we are on the mainnet.

Technical

When I visit 192.168.0.1 on my browser, I see my own home's router instead of the miner's router. How do I fix this?

There is a conflict in the LAN configuration between your home's router and the Skyminer's router. You need to change the miner's router IP to another IP address OR you can change the miner's router into your own network switch

Is Skycoin node the same as Skywire node?

No. They are a completely separate and independent decentralised network. Skywire node is responsible for sending, receiving and transmitting data. Skycoin node is only for validating transactions and the state of the blockchain much like Bitcoin nodes.

Do I need to leave my computer on once I have configured my Skyminer properly?

No you do not. As long as your home's internet modem is still turned on and providing bandwidth to the router and CPU boards on your Skyminer, your own personal computer doesn't need to be left on. That's the idea of having an independent purpose-built Skyminer.

My Skyminer was turned off because my power went out, will I need to re-register on the whitelist and lose my rewards?

No. All you need is to maintain a >75% up time as shown on the discovery address (http://discovery.skycoin.net:8001/)

Will I need to reflash if my miner was shut off?

No you will not. Installing Skywire on a Pi is like installing a program on your personal computer. You don't need to reinstall the program every time you turned off your computer.

Will changing the router affect my node's public key?

No it will not. The public key is attached to the software installed on the Pi. If you reinstall the program (eg. reflashing) then you will have a new set of public keys. If you have reflashed after submitting your public keys on the whitelist, you have to contact us to change you public keys otherwise you will not receive your rewards.

I can't log on to the router of my official Skyminer.

Ensure all the networking cables are attached correctly, turn off any wifi and VPN on your computer, ping 192.168.0.1 via the Windows or Mac command prompt interface. If you are able to ping your router than please wait 2 minutes and try again. Contact our community managers for support for more help on the Skywire Telegram

I have set my Skyminer's router's address on WLAN as 192.168.2.104. However, when I tried to access 192.168.2.104:8000 via another computer I am unable to connect?

Port 8000 is an address set for the Manager node's board. It isn't part of the router's address. If you haven't set up the port forwarding correctly, when you try to access from another LAN network (outside of the Skyminer's own LAN), you will not be able to connect to the miner's router. If you are uncertain about how to set up portfowarding rules, contact our helpful Skywire community managers for more support.

What cables do I need for the Miner's WAN port?

The same as your home's internet cable. We recommend CAT 5e or better cables.

I successfully used Skywire to access the internet by using the bandwidth provided by another peer. However after a while, I was unable to continue using the connection and have to reconnect, why is that?

This is normal. If there is a period of bandwidth inactivity, the connection will disconnect automatically. Another reason is that the peer you have connected to is providing a sub-par connection.

How do I know what my mining nodes' IP addresses are?

Enter the Skywire manager interface installed on the Manager node, turn on 'Terminal', and enter the prompt "ifconfig" in the command prompt. It will return with the IP of that exact node you are accessing.

The green lights on all 8 boards are lit. Why do I only see 7 nodes on my Skywire Manager interface?

First check if all 8 lights are lit on the miner's router. If not then check all connections are properly installed. Then use the "ifconfig" method mentioned above to identify exactly which board is not connected. Restart and reflash that SD card and try again.

If someone else has connected to my node, can I be hacked by them?

No they can't. Due to the restrictions set up in the software code, peers are not able to visit anywhere outside of the node they are connected to.
__

Where can we learn more about Skywire and join the discussions?

Chinese community:
Follow Skycoin China official Wechat Account - “SkycoinFans”, and join our Wechat discussion group
Join Skywire Chinese Telegram community: https://t.me/SkywireCN
Global community:
Join Skywire official Telegram community: https://t.me/skywire
Join Skywug forum: https://skywug.net/forum/Forum-Skywire
submitted by ChocolateyLab to skycoin [link] [comments]

As a crypto currency plebeian what are your opinions on the Skycoin project?

I never paid attention to bitcoin or crypto currencies in general. But a friend of mine explained the Skycoin project to me 5 months ago and I think it's pretty rad. I like the fact that "mining" is straightforward and requires inexpensive hardware to DIY.
I'd love to get a different perspective or opinion from you boys/fake girls.
Thanks in advance… If you don't vote this please explain why thank you again.
PS I am active in their community as challenging as that may be at times.
submitted by AskACapperDOTcom to CryptoCurrency [link] [comments]

11-12 14:43 - '\[b\]What is GAG Cloud Tabot Mining?\[/b\] / \[i\]GAG Cloud Tabot Mining is a website dedicated to making Bitcoin mining easier to understand and more accessible for beginners. Cloud mining is the process of buying CPU power...' by /u/giadone removed from /r/Bitcoin within 224-234min

'''
[b]What is GAG Cloud Tabot Mining?[/b]
[i]GAG Cloud Tabot Mining is a website dedicated to making Bitcoin mining easier to understand and more accessible for beginners. Cloud mining is the process of buying CPU power from dedicated data centers who use their own equipment to mine cryptocurrencies such as Bitcoin (BTC) on your behalf. It’s super simple - Your mining rigs are already set up and running. As soon as you’ve set up your account, you can start to mine your first coins using our Bitcoin cloud mining service! On a larger scale, we hope to contribute to the development of mining services and subsequently to the development, establishment and adoption of Bitcoin, both as a currency and as an economic system. This is an investment in high technologies with high risk. You are renting a computing technic for holding up the bitcoin meshwork.[/i]

[b]Why do we use it?[/b]
[i]The main advantage of this approach is that you don't need to have in-depth knowledge of mining hardware, nor buy expensive and hard-to-obtain devices. Renting 'hash power' (usually measured in Gigahertz per second or GH/s) also means you don't have to deal with the heat and noise that comes with a DIY mining project. Mining contracts are technically available for all major cryptocurrencies and you can visit your online dashboard at any time. The simple interface combined with GAG Cloud Tabot Mining's solid reputation has meant that at times the company cannot keep up with demand for mining contracts. We strongly believe that we can make mining affordable and profitable for everyone willing to join cryptocurrency revolution.
[/i]

[b]What methods of payment are accepted?[/b]
[i]Due to the owner's desire for anonymity and in order to stay within the law, direct deposit of funds by bank transfer isn't supported. You can, however, buy contracts with Bitcoin and via a lot of other cryptocurrencies.[/i]

[b]Why do we invest?[/b]
[i]Cloud mining is very profitable and i highly suggest it everyone doing so. You can recommend and invite friends also. You will receive an easy 5% for the whole amount your friends or clients will make. This only has pro’s and no con’s. Since you can referr friends and then invest so you wont have to make an think about it.[/i]

[btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc]

Good evening, I'm talking about this new cloud mining.

It was created by the GAG mining farm and the CEO is Italian.

No increase in difficulty and no maintenance costs. They are virtual mining contracts.

[img][[link]2 ]]([link]3 ])

[img][[link]4 ]]([link]5 ])

For now there are plans for BTC, ETH, LTC and BCH

[img][[link]6 ]]([link]7 ])

[img][[link]8 ]]([link]9 ])

[img][[link]10 ]]([link]11 ])

[img][[link]12 ]]([link]13 ])

When you buy the plan, for example, ETH tells you that you will take "0.001" a day but it is indicative ... In the sense the amount of ETH is always re-evaluated based on the equivalent value of the ROI that is daily

Proof of deposit

[img][[link]14 ]]([link]15 ])

If you want to test it: [[link]16

[b]Platform updates:[/b]

1) KYC (identity verification with file uploads and manual approval)

N.B. without completing the procedure you can not access the dashboard

2) Re-investment of the crypts matured directly on the platform

3) Automatic conversion EUR / Crypto and vice versa with automatic update every 2 minutes by taking the values from Coinmarketcap

4) Cost of the packs specified also in crypto

5) New payment method that allows you to use multiple types of crypto and that allows you to send multiple payments to complete the invoice (so you can also pay in round)

6) Daily ROI expressed in EUR and in crypto on the packs (this is also updated every 2 min)

7) Total Earnings at the end of the pack expressed both in EUR and in crypto (this too is updated every 2 min)

8) 2FA Google Authenticator

9) Limitations for withdrawals (min and max)

[b]Proof of Daily Return[/b]

[img][[link]17 ]]([link]18 ])

Out of pure curiosity I did a test of withdrawal ... I was told that the withdrawals are 100% manual for a security issue. They use high gas in fact it was almost instantaneous and the withdrawal fees are 3%

[img][[link]19 ]]([link]20 ])

[btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc]

[b]I have received the withdraw ISTANTLY![/b]

[btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc][btc]
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: giadone
1: *ww.crypt*farm.*e*h/*egister*f****done 2: i.img*r.c**/kV8*ey**png\[**mg\ 3: ***mgur*com/*V8Xey*.png[*img 4: *mgur**om/a*m*Ge2*K\[/img\ 5: imgur.co**a/*T*e*tK[*img 6: imgur.co*/Zp*Pw84\[**m** 7: imgu*.c**/Z*mPw84[**mg 8: i*g**.com/7N7*8*7\*/img\ 9: im*ur.co*/7N7C**7[/*m* 10: *mg*r.c*m/WBkP5*y\[**mg\ 11: img**.**m/WBkP5Ky*/i*g 12: imgur.**m/GMJXQ9J***img* 13: imgur*com**M*XQ9J[/i** 14: imgur.com/*d1I**0\[/*m** 15: **gur*co*/6d1I*W0[/i*g 16: ww*.cr*pto***m.tech/re*i*te*efe*/g*ado*e]*^1 17: *m**r*com/bA*vmRM\[/i*g\ 18: imgur.co**bAvv**M[/i** 19: i.**gur*com/8hSb*s**png\**img\ 20: i.imgu****m/8hSbB*t*png*/img
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

US Software Giant Intuit Awarded Patent for Processing Bitcoin Payments via SMS

U.S. software company Intuit has been awarded a patent for processing Bitcoin (BTC) payments via text message (SMS), according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 7.
The patent, which outlines a system through which users can transfer BTC funds via sending an SMS on their cellphones, was originally filed in 2014, the same year that Intuit’s DIY tax solution QuickBooks partnered with BitPay to create a PayByCoin service for business clients to pay their invoices in BTC.
As the patent outlines:
“The invention [...] includes receiving, by a payment service from a payer mobile device of a payer, a payment text message comprising a payment amount and an identifier of a payee mobile device of a payee, validating the payment text message based at least on a payer balance of a virtual payer account maintained by the payment service for the payer.”
Intuit’s patent goes on to describe the interaction between virtual accounts created for the purposes of running the system, as well as different possible approaches to validating transactions. One of these would be “receiving an unanswered voice call within a pre-determined time period” after receiving a text message, which would be matched to to the identifier of the mobile device that is extracted from that message.
Another approach would be a password system that would be managed via SMS and the virtual accounts associated with each mobile device identifier.
Using cellphones directly to facilitate crypto adoption has been explored for several years, often considered to be the key to bringing financial inclusion through crypto to unbanked populations in countries where access to the internet or expensive computer hardware might limit people’s ability to transact in crypto.
Electronics giant HTC has meanwhile recently announced it would introduce a smartphone with a native crypto wallet and support for CryptoKitties, the Ethereum-based decentralized application (DApp) game.The firm is even reportedly planning to to issue a white paper on a project to incorporate crypto mining on cell phones later this year.
ICOKite is a listing site which gives you the opportunity to invest in companies using blockchain technology and also to become a domain expert or a partner. You can follow us below to get regular updates about the world of ICO’s Facebook:https://www.facebook.com/Icokite/ Twitter:https://twitter.com/IcoKitepro Telegram:https://t.me/icokite
submitted by ICOKite to u/ICOKite [link] [comments]

US Software Giant Intuit Awarded Patent for Processing Bitcoin Payments via SMS

U.S. software company Intuit has been awarded a patent for processing Bitcoin (BTC) payments via text message (SMS), according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 7.
The patent, which outlines a system through which users can transfer BTC funds via sending an SMS on their cellphones, was originally filed in 2014, the same year that Intuit’s DIY tax solution QuickBooks partnered with BitPay to create a PayByCoin service for business clients to pay their invoices in BTC.
As the patent outlines:
“The invention [...] includes receiving, by a payment service from a payer mobile device of a payer, a payment text message comprising a payment amount and an identifier of a payee mobile device of a payee, validating the payment text message based at least on a payer balance of a virtual payer account maintained by the payment service for the payer.”
Intuit’s patent goes on to describe the interaction between virtual accounts created for the purposes of running the system, as well as different possible approaches to validating transactions. One of these would be “receiving an unanswered voice call within a pre-determined time period” after receiving a text message, which would be matched to to the identifier of the mobile device that is extracted from that message.
Another approach would be a password system that would be managed via SMS and the virtual accounts associated with each mobile device identifier.
Using cellphones directly to facilitate crypto adoption has been explored for several years, often considered to be the key to bringing financial inclusion through crypto to unbanked populations in countries where access to the internet or expensive computer hardware might limit people’s ability to transact in crypto.
Electronics giant HTC has meanwhile recently announced it would introduce a smartphone with a native crypto wallet and support for CryptoKitties, the Ethereum-based decentralized application (DApp) game.The firm is even reportedly planning to to issue a white paper on a project to incorporate crypto mining on cell phones later this year.
ICOKite is a listing site which gives you the opportunity to invest in companies using blockchain technology and also to become a domain expert or a partner. You can follow us below to get regular updates about the world of ICO’s Facebook:https://www.facebook.com/Icokite/ Twitter:https://twitter.com/IcoKitepro Telegram:https://t.me/icokite
submitted by ICOKite to CryptoICONews [link] [comments]

Don't let the name throw you off. The 'Skyminer' is a piece of hardware that allows users to share bandwidth and form a decentralized internet.

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
At the core of their vision for a global blockchain future is Skywire, a new decentralized internet protocol and the Skyminer hardware device.
Here we attempt to give readers understanding of the Skyminer and Skywire platform by comparison to Bitcoin mining.
Unsecured internet protocol?-?attacks on Bitcoin involving the creation of a shadow network could result in users connecting to fake nodes and being fed fake blocks, all the while unaware of the fact they're not connected to the real Bitcoin network.
The most immediate and exciting use that Skywire and the Skyminer will enable is a highly secure VPN service that leverages Skywire's default encryption for packet forwarding.
The Skywire community is incredibly active, with many different designs of DIY Skyminer being developed and discussed on the Skywug forum and the Skywire Telegram group.
Further readingOfficial Skycoin article on the Skyminer, Coin hours, FibreSkycoin users forum on Skywire, Skywire Telegram groupSynth, the project lead, explaining Skywire and discussing the Skycoin project in interviews with Crypto Brahma, Crypto Lark.References1 https://digiconomist.net/deep-dive-real-world-bitcoin-mine.
Summary Source | FAQ | Feedback | Top keywords: Skywire#1 Skycoin#2 network#3 Skyminer#4 miner#5
Post found in /technology, /skycoin and /skytrader.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Getting started with ASIC-mining for ~$1200?

Hi everyone!
For the past couple of weeks, I've gotten really interested in Bitcoin and other cryptocurrencies. I've read up about its more technical aspects, as well as more "worldly" so to speak (how it has affected economy, about its potential etc) and I find it genuinely interesting which feels great!
Anyhow, I would really like to get into mining cryptocurrency for a profit. I don't expect it to pay as well as a job would (and I don't plan to treat it like one either), but I would like to profit from it at the same time as I'm learning about it. (I also have free electricity so that's pretty good)
I have read a bit about the necessary hardware and the DIY-rig VS buying an ASIC, and as I've never built a computer and is better at writing software than building stuff out of hardware and maintaining it, an ASIC seem to be the logical choice for me. With a budget of around $1200, do you guys think I have any reasonable chance of achieving my goal? From what I've read online, the answer is yes, but that's what I've gotten from various guides that may or may not have been outdate and/or biased. I would absolutely love to hear your different opinions regarding this! If you were in my shoes, what ASIC would you chose and what currency (or type of algorithm) would you chose?
I still consider myself a newbie regarding all of this, so please bear with me if I got something wrong!
Hugs<3
submitted by pin_kRobot to CryptoCurrency [link] [comments]

Time to build (or buy) a miner.

I know there is lots of info out there, where are some good places to look these days?
I have piles of hardware I can potentially use. Just curious what kind of mining rigs are being built these days. I rather go DIY on a small budget.
Edit: after not looking at bitcoin for a while, I realize that only the big boys with warehouses full of asics can turn a profit. There is no money in mining anymore.
submitted by javi404 to Bitcoin [link] [comments]

Project Blockchain Valley

PROJECT BLOCKCHAIN VALLEY
My name is Morgan Rockwell, I am CEO of Bitcoin Kinetics Inc. Now founder of Kinetics - Blockchain, Automation & Energy. I created the first Bitcoin Operated Service Machine to allow Bitcoin to be used in the real world in all machines & businesses. We are rapidly expanding & growing into new territories, industries and concepts to help build the Bitcoin & Blockchain based industries into a competitive & profitable environment. We have began the process of issuing equity on the NYSE in New York City. We have purchased a new building to house the buildings office & factory. We have made several partnerships with many Bitcoin Business Leaders, Ethereum, Micro-controller & Chip Makers, DIY companies and many more important players in the new technology industries. We now need your help before we are forced to ask help from the banking sector, tyrants or billionaires..
We now need 10000 Bitcoins to create the greatest Bitcoin Based Economy the world will ever see, including the first Bitcoin Town... Ill give you keys to the company, all of the equity, I do not want a dollar.
There will be always be a loan offer out there for the purchase of the main street property of 1000 BTC for immediate purchase & payback with base interest rate of 15% on the 1000 BTC - giving 1150 BTC payback in 5 years or equivalent in USD value of equity in the corporation we are creating to be listed on the NYSE. When that loan contract is fulfilled by someone there will be another 1000 BTC loan contact available within 7 days for someone else to bid on. The bidding price will be based on a lower competitive interest rate and this will be done Over The Counter through personal communications.
We require an immediate range of 7000-10000 BTC to build the entire region into a fully functional Blockchain based industry zone. This will be self sustaining in regards to energy consumption & economic production. A am building partnerships with many smart people, strong businesses and influencers in industry to get these goals accomplished. I need the lending community, the Bitcoin community, the cryptocurrency communities to help make Blockchain Valley become a reality.
Anyone up for that offer? It would be able to change the world if you can contact me & send me that I have contracts ready and waiting.
This is where the future begins.
Along side that move a NEW company is created, to compete with the likes of Google, Apple, GE, Visa & CHASE. It will be called "KINETICS Inc".
Kinetics - Blockchain, Automation & Energy www.Kinetics.cc
KINETICS is facilitator of several Bitcoin & Blockchain projects including:
KINETICS is going to be incorporated in Delaware as a C Corporation. The fully functional business such as #BitcoinKinetics, #BitcoinAcademy & #Axiomity will be managed, funded and operated by KINETICS Inc.
KINETICS Inc & Bitcoin Kinetics Inc will both be located at our new shop in Upper Lake, CA in Lake County.
9450 Main St, Upper Lake, CA 95485
This buildings rent is $800 per month, to be reduced from $200,000 price for full cash purchase of property. I have plans to purchase the entire building full cash in the next 90 days, until then i'm moving in 7/13/2014 SUN & paying rent to own for 90 days. I have been told I can purchase the entire block including over 20 different store fronts, garages, a bank, a post office, a saloon, a large antique shop, several window display store front shops and even large areas of land for crypto mining data centers, fields of solar panels & wind generators, as well as the fact that all of California's fresh water is within 2000 yards of the building in several lakes. There is over 100,000 sq ft of empty store & office spaces on the main street. All of it has been personally offered to me.
We are committed to partnering with #TeslaMotors to convert the old gas station into a Tesla Super Charger Station equipped with SuperChargers, solar power & a lounge to busy the drivers as they charge their vehicle. We will be creating a Bitcoin ATM friendly lounge where customers can purchase all things Bitcoin, Hardware & even use Bitcoins at all the local shops. Ill be putting www.CryptoCrates.com in one of the shops on the block giving the worlds first Bitcoin Record Store a physical location.
There are now many possibilities with this HUGE opportunity here before us all. We are in talks with #Ethereum and several lenders, venture capitalists, bankers & Bitcoin investors to make this dream of a physical Bitcoin world a reality. We can turn Upper Lake into the start of what will be the home of #BitcoinTOWN, a place where all Bitcoin Business will want to come and have their offices. Eventually growing into a "#BlockchainValley"
There is so much money involved & needed for this long term 100 year plan, In the next 10 years up to 10,000 BTC will be needed to pay:
If you build it, they will come.
There is much to be done, its is all the start of jobs, money & Bitcoins value going to the moon. Building something in the real world with Bitcoins lending technology.
I have over 15 years of construction, civil engineering, electrical engineering & business development. I am the best human on earth to get this mission accomplished and to get the job done. We are in a state ware Bitcoin is now legal tender, the time is NOW. I can make everything happen, i talk well, i don't sleep and work non stop until the goal is reached, i have networked with everyone from the rich to the poor, to the entire Bitcoin community. This is an opportunity to be within 1 1/2 hours of San Francisco and 2 hours from Sacramento. This deal with Tesla Motors gives me the ONLY charging station in this North California region giving the loop from San Francisco, Mendocino, & The i5 to Sacramento a complete loop allowing the Tesla vehicles to travel up into the Forest Area. This will bring HUGE revenue, HUGE partnerships & many many new Bitcoin users and Kinetics customers will all be flocking up from San Francisco to the new land of Bitcoin...
All of you should help us and ill personally make you a very rich Bitcoiner, and you will save the world from fiat, from centralization & from tyranny...
To purchase the main street property only need 1000 BTC as soon as possible with 1150 BTC payed back in 5 Years. That is a 15% payback on a 1000 BTC loan that can be bid on by lenders If you can even participate in this loan in fractions, partial or full, please contact us ASAP as moves need to be made immediately. This allows us to acquire the main drag of Main Street, Upper Lake, CA and all of its shops.
We will convert it into a Solar Roadway/SolarCity filled block, with Bitcoin ATMs on every corner, Bitcoin Laundromats, Bitcoin Bank, Bitcoin Friendly Shops, A Blockchain Node in every business, A Tesla Charging Station right in front of the 1920s original Gas Station, a Restaurant Called Satoshi's Grill, with 5 star Chefs already ready to join the team, a record and music shop that takes all crypto currency, The Bitcoin Academy giving a local education center for all to access the newest information, technologies and educators, a Coffee shop friendly to all things Bitcoin & The Blockchain, giving rise to Bitcoin Gift card usage, lounge environment with data center tools. The entire town will have a 4G tower system with the first going behind the Gas Station in the yard & FREE WIFI, LIFI & MESH networking covering the entire area.
We ask you the #Bitcoin Community for funding before we ever ask a Banker, so please help us before we are forced to go ask Goldman Sachs for fiat... The community can gather 1, 10, 100, 1000 or 10000 Bitcoins to make Bitcoin usable in all machines. As a loan of 15% would be very helpful to us and to you in circulating Bitcoin & funding this community venture.
Contact us if you are willing to support this new venture as time is of the essence, moves need to be made NOW, and your Bitcoin's future depends on people like us & you giving Bitcoin real world use. Help us bring the future into the now...
THE BITCOIN TOWN / BLOCKCHAIN VALLEY PLAN
These 10 Phases will take money, people, passion and motivation. Time will only get in the way if you don't become involved with both your Bitcoin, Your Mind, & Your Sweat, Blood & Tears. We will help make this a reality, but first comes capital, participants & the plan. We are all here to help grow into a better world, Bitcoin gives us that last chance for humanity to stand up and shake off its slack. If we can come together and show the world how this technology works in the real world, the planet will see, it will feel, it will hear and know Bitcoin as reality. Over night the world can change if we put out foot down, take a stand, and create the world as we see it to be. People are at war, starving and suffering in the most horrible ways, all I personally can do is fight the good fight with Bitcoin in my hand, there is a chance now for us to have sanctuary and a place to build our plan of attack from. We now have shelter, not just for Kinetics, but for the entire Bitcoin community of users, businesses & investors. You all now will have a safe and friendly place to live, work, shop, learn and grow...
I thank you for your time and your care for the world. Thank You.
MORGAN ROCKWELL
Lets get this ball rolling now...Time is running out...
Learn More About Me, Who I Am, What Im About, Bitcoin Kinetics Inc & The Future Im Creating:
Morgan Rockwell - CEO
submitted by bitcoinkinetics to BitcoinKinetics [link] [comments]

First was the World Wide Web. The second was the social web. The third will be the machine payable web.

This is an automatic summary, original reduced by 85%.
There are several problems that the core Bitcoin protocol does not solve, including acquiring bitcoin in the first place even without mining, easily setting up bitcoin-payable web services over HTTP, and discovering other developers and their bitcoin-payable web services so you can buy and sell digital goods from them.
Just install 21 from source, get it pre-installed on a Bitcoin Computer, or launch it from a Docker image.
Add Bitcoin to any appOnce you have some bitcoin in your local wallet, the 21 command line and associated libraries make it easy to write bitcoin-payable programs.
Don't take our word for it - check out this snippet to see how you can do bitcoin micropayments with one line of code, or read this tutorial on how to use 21 with Django and Heroku! Alternatively, if you want to run a little bitcoin-payable web service on a piece of dedicated hardware rather than in the cloud, you can go to 21.co/diy to learn how to build your own Bitcoin Computer.
Now what? You'll want to find buyers for your machine-payable web service to send you some bitcoin, and sellers of machine-payable web services to spend your bitcoin.
After you install 21, you can get bitcoin on any device in almost any country without a bank account or credit card, add micropayments to any app, and start earning bitcoin on every HTTP request.
Summary Source | FAQ | Theory | Feedback | Top five keywords: bitcoin#1 web#2 any#3 machine#4 account#5
Post found in /Futurology, /Bitcoin, /Buttcoin, /btc, /ethernews and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

What entity manages .com, .net, .gov, .us, .cn domains?

For the longest time I still have not a clue how this works. I am not sure if this is the right subreddit or something like networking
This is all I understand so far about the web (or internet?), computers, and electronics in general (its super long just skip to bold part if you need to)
INTERNET:
Okay, but who manages the .info, .com, .net, .cn, .rs, and .gov top level domains?
There's obviously some domains that are specific to countries, and are most likely managed by that countries' government entity. E.G (.us for usa? .ws for russia, .cn for china) but aren't nearly as popular as the .net and .com domains.
.Org and .gov are US? government regulated top level domains to my knowledge, where .org is mostly nonprofit. U.S.A uses .gov domains for its government organizations
So I understand that some countries government manages that domain. But what about public top level domains, like .com, .info, .net, .ca?
Who manages the database for those? Who gives authority to godaddy for those domains for rent? Who mediates copyright conflicts for those domains? (E.G. say my name is Mike Cro Soft, and I wanted to rent a domain called mikecrosoft, but get DMCA'd / copyrighted by microsoft.com)
Like, what are the big organizations mediating internet protocols and legislation on a global scale?
Who or what has access to the biggest picture of the web, and its workings and backend?
sorry for the long wall of text, I've been missing some vital information on how the web? (or is it internet?) works
disclaimer: I don't take CS classes and did not major in computer science. So I might be really off in what i understand about the internet as a whole. Most of this is just what I learned from browsing reddit and youtube
Apologies in advance if i butchered a bunch of terms and how things work. I just wrote things as they randomly came to me
submitted by Rubick555 to AskComputerScience [link] [comments]

How to build a Mining Rig - Teil 1 - Die Hardware Deutsch Bitcoin Mining Hardware How is made ! Assembling / Building a bitcoin (crypto) mining rig with AMD hardware. Radeon 5830, 6950 GPU bitcoin mining hardware DIY at home ASIC MINER - ANTMINER !!! PART 1/2 - YouTube

When you want to begin the Bitcoin mining, you should acquire the hardware. Recently, this is possible for mining the Bitcoin with the computer of you in the CPU or even the processor card with high-speed video. The custom Bitcoin chips as ASIC will offer the high performance. It may reach 100 times of the older system capability. You will know how to build a Bitcoin miner ASIC. Exactly, the ... DIY Bitcoin Mining: Hardware (part1) Posted on by and tagged asic miner, Bitcoin, bitcoin miner, bitcoin mining, bitcoin mining hardware, bitcoin mining pool, bitcoin mining software, bitcoin mining tutorial, bitcoin tutorial, block erupter, crypto, diy bitcoin, diy bitcoin mining, mining hardware, Mining Pool, raspberry pi, raspberry pi miner, raspberry pi mining. Sharing is caring! Share ... Bitcoin Mining Hardware Guide The best Bitcoin mining hardware has evolved dramatically since 2009. At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 ... Bitcoin Mining verbraucht viel Strom. Bei hohen Stromkosten lohnt sich das Mining oftmals nicht. Um Bitcoin Mining zu betreiben, müssen Sie einem Miningpool beitreten, was zusätzliche Kosten verursacht. Für das Mining benötigen Sie entsprechende Hardware. Auch hier kommen Kosten auf Sie zu. Je nachdem, wie leistungsfähig Ihr Bitcoin Miner sein soll, zahlen Sie bis zu 2.000 Euro. Es ist ... Further, the design and manufacture of any 10nm Bitcoin mining hardware is likely to take at least a year. Get a Wallet. You can't mine bitcoins with an Antminer S9 without a wallet. Our guide on the best bitcoin wallets will help you get one fast and for free. Read it here! Power Supply . The good news is that existing power supplies, at least those of sufficient wattage, are fully compatible ...

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How to build a Mining Rig - Teil 1 - Die Hardware Deutsch

In this video I will show you the essential components required to assemble a bitcoin mining rig and how to go about it. Donations welcome ... DIY at home ASIC MINER from used parts - ANTMINER , what you need: 1.hash board 2.control board 3. cooling fan 4. data cable 5. power supply 1600W 6.Screw, w... DIY Bitcoin Mining: Hardware (part1) - Duration: 7:45. Fred Yen Recommended for you. 7:45. How to Repair a DEAD Computer - Duration: 37:05. CareyHolzman Recommended for you. 37:05. Comparison of ... Grüßt euch! In Teil 1 der 6teiligen How to build a Mining Rig Serie zeige ich euch, was ihr für Hardware benötigt und welche ich selbst gekauft habe. Alles W... Bitcoin ASIC MINER (Antiminer) Built in Home, DIY Project. When you want to built your won Bitcoin ASIC Miner, Then you need below Hardware. All hardware you can get in Alibaba.com But some ...

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