Bitcoins Mining - so geht's - CHIP

Mine bitcoin today while it is still surging! Buy Hash/rates starting at $1.20 per 10G/H for SHA-256. Lifetime Contracts and also automatic Payouts! No issues with Payouts! Use my link, to lock-in for 10% off

submitted by C00lGiraff3 to cloudmining [link] [comments]

Bragg's Bits startup USA based Bitcoin mine. 2PH+startup speed or faster depends on funding.0.06kWh power rate. Experienced, Dedicated, and Motivated. All revenue returned for 12 months to facility growth. Investor payouts start at 13th mth https://bitcoinstarter.com/projects/bitcoin-sta /r/Bitcoin

Bragg's Bits startup USA based Bitcoin mine. 2PH+startup speed or faster depends on funding.0.06kWh power rate. Experienced, Dedicated, and Motivated. All revenue returned for 12 months to facility growth. Investor payouts start at 13th mth https://bitcoinstarter.com/projects/bitcoin-sta /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BetFury Monthly Report

BetFury Monthly Report

https://preview.redd.it/ibyzaxbvfnq51.png?width=1170&format=png&auto=webp&s=3b030e7e9f0051d035ca702d125293ad0dd8f8f3
Autumn is always the rainy season. BetFury's rains pour out winnings, dividends, events and cool updates.
If you've been with us the whole month, you probably know how many cool things happened at BetFury. If you have joined us recently you can be sure that we never sit still. The BetFury team is constantly working to make the platform as good and easy to use as possible. So that every Betfurian can enjoy the game and earn money!
Watch what peaks Fury has reached in September!

Dividends

The Dividend pool is pleasing in its size and stability. Dividends pool has increased by ~25 BTC this month.
https://preview.redd.it/4howyh9yfnq51.png?width=990&format=png&auto=webp&s=77c24c7f733eaa8be24352cd7512d6cdc33bb921
Dividends are paid steadily! And this is confirmed by the historic event at BetFury. For the first time the dividends Daily Payouts were over 2 BTC. ~56 BTC were paid out during this month.
https://preview.redd.it/6mp62sv0gnq51.png?width=1280&format=png&auto=webp&s=958c4e01ebc95a1e26a2ac200b38b51a0bcf38c5
The biggest BFG bonfire on BetFury - the jubilee 10th BFG Token burning!
https://preview.redd.it/ovgi97f3gnq51.png?width=1024&format=png&auto=webp&s=5882d74ec69a7fdffbf90e1fd2ed3a2c769704d2
The total amount of burned tokens from the 10th token burning session is 32 362 386 BFG:
  • Burned in Auction - 1 058 130 BFG 606 474 BFG(TRX) 451 656 BFG(BTC)
  • Burned in Gaming - 21 304 256 BFG 17 109 456 BFG(TRX) 194 800 BFG(BTC)
  • Burned from Team - 10 000 000 BFG 5 000 000 BFG(TRX) 5 000 000 BFG(BTC)

Mining Price was raised

You know how important it is to own BFG tokens because every month the price rises and the token becomes more expensive. So this month Mining Price growed up as usual. Mine more tokens now to then enjoy their value.
https://preview.redd.it/i1t6sm07gnq51.png?width=1170&format=png&auto=webp&s=a09251dad68654267b8fd36794a96b02966beb5c
Current Token Details: Total mined: 1 715 790 736 BFG Total staked: 1 452 257 495 BFG Burned: 180 167 821 BFG

BetFury Events

Every day there are important events at BetFury and we want to share all these events and news with you. Any updates or creation of new games, awarding prizes to the winners of competitions - everything is done with love for you, Betfurians.

Crash Space War

You have been waiting for a long time for the launch of the updated Crash. And this happened! The bravest 50 Jedi shared 0.5 BTC in the Crash Space War.
https://preview.redd.it/m87twfnbgnq51.png?width=1170&format=png&auto=webp&s=b554542d55a98a1535b1bf1280a5b210fcf19eaa

BetFury Battles

This is a new format of events with thrills and gives indecently large rewards. Taste the victory of the real fight in Battles. New feelings, new emotions and most importantly new great victories are waiting for you. The first Battle took place at KENO for 24 hours with the prize pool of 0.1 BTC (~$1000) for 50 skilled players. Follow our social networks not to miss further Battles.
https://preview.redd.it/bq5alcfdgnq51.png?width=1170&format=png&auto=webp&s=15f17ce72cad803b66629ebfe51da4eb9b43fa19

New Gaming Provider and many new cool Slots

Provider MrSlotty has come with gifts for you. He brought a bag full of 50 Slots. Place bets and win the biggest winnings in any currency: BTC, TRX, USDT, BTT.
https://preview.redd.it/2ze010aggnq51.png?width=1170&format=png&auto=webp&s=71425aada1ca8b0bc70c62104d58c598def976ee
The Kings of Success have replenished their chests with 40 new slots and more than 30 Table games. Catch your luck in the best games from: Platipus, Spinomenal, Playson, ReelNRG, Endorphina, Booongo, Tom Horn, Fugaso, GameArt, Habanero.
https://preview.redd.it/j8y2b9zignq51.png?width=1170&format=png&auto=webp&s=c9706687f7e88a581d06cf7571dbb7facb058e45

BitcoinTalk page updated

Now you can chat, leave reviews and learn many news about BetFury on our page in BitcoinTalk. Welcome to the updated page with new features. Soon there will be the Grand Bounty campaign with big awards.
https://preview.redd.it/8w5ze9glgnq51.png?width=1170&format=png&auto=webp&s=b0cc7fefadd318411934bd1e1d0a7a21634501fd

BetFury BOXes

Boxes are sold like hotcakes. This month 3 Boxes were sold out: Ruby Box — Price: 0.001BTC | Monthly Rate: 15% Emerald Box — Price: 0.01BTC | Monthly Rate: 11% Sapphire Box — Price: 0.05BTC | Monthly Rate: 12%
1000 Key Boxes were sold out at the price of 0.0001 BTC with Monthly Rate - 50%. All players who bought the Key Box have a chance to get the last part of the key to the wallet with 0.5 BTC. Bitcoins are still in the wallet. Watch the cartoon and find all the tips where the parts of the private key. Withdraw cash from the Key Box and catch a pop-up with the last bit of the private key to the Bitcoin wallet. Collect all parts of the key and open the wallet first. Hurry up! The search becomes more intense!
https://preview.redd.it/lhoiggeognq51.png?width=1280&format=png&auto=webp&s=9b0092ce84cf8c443a2c63908e7b6dd74d1a7494
However, now you have the opportunity to buy a new Amber Box at a price of 0.005 BTC with Monthly Rate - 10%.
https://preview.redd.it/eakx2buqgnq51.png?width=1280&format=png&auto=webp&s=25584c51454cea51999c54e29703fdfa4fce41c3

Oktoberfest moved to BetFury

The loudest autumn event is now celebrated at BetFury. Brewers pour beer from all slots. You can still join the festival and spin slots for mega prizes. https://steemit.com/betfury/@betfury-steem/oktoberfest-will-be-here-on-betfury
https://preview.redd.it/qyu1c9jugnq51.png?width=1170&format=png&auto=webp&s=b3f20ce5a94a8c63df3864938d4f20e92fc82ab2

ReelNRG tournament

The Knights spun slots from ReelNRG in a big tournament. The €1000 prize was shared between 20 knights. The players competed in all stages and only the bravest reached the final.
https://preview.redd.it/ifg13p0xgnq51.png?width=1170&format=png&auto=webp&s=6a030cd148103baf88946a3a7b22ae05aafadae6

Rewards

Betfurians filled their pockets with prizes from Weekly Events, Giveaways & Big Wins.
  • Chat Success took place five times this month, which means that 250 winners received prizes. Total amount = 25 000 TRX.
  • Twitter Success rewarded players twice - 200 lucky people received 40 mBTC in total.
  • Slots Race for 777 mBTC has gained momentum four times to reward riders. 200 fastest winners reached the finish line. Total amount of monthly payouts ~3.1 BTC Roll up! A new circle has already started.
  • There are more and more Big Winners and Big Wins are proof of that. The total amount of Big Wins this month - $418 540
The September cloud of Giveaway scattered various awards. Fury held 6 Giveaways! The largest took place on Instagram in honor of 1000 Followers. Join also and don't miss the Giveaway.
https://preview.redd.it/13nwaq30hnq51.png?width=1170&format=png&auto=webp&s=625febbb611865464a956a910f865bfd6a12c6f3

Live Streams

Nothing shows the authenticity of a real game like Live Streams. Big wins live, test drive on new slots, visits to real casinos and a lot more can be seen in a Live Stream. Three cool streamers @badj0ker, @TronWarrior420 & @CEOofNEGATIVITY showed the best games and won in front of the audience during 13 broadcasts.

Community

Follow all events and updates of the platform on social media pages. Be the first one to know all the news. Join the big BetFury family and have fun to the fullest. Telegram Channel - 10.5K Telegram Chat - 26K Twitter - 44K Instagram - 1.2K

Planned Updates

  • New In-house game
  • New slots
  • New Boxes
  • More currencies
  • Huge Bounty

Summary

The month was full of hot news. Big Wins and many awards filled you with emotions. Dividend pools have risen and give sensational payouts. The BetFury team with Commander Fury is ready for new accomplishments for you. So play, enjoy the wins and follow the enchanting novelties. You will definitely like everything!
____________________________________________________________________________________________________________
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io
submitted by BetFury_io to u/BetFury_io [link] [comments]

There are signs that a major Bitcoin miner (who was liquidating stored Bitcoins to keep power going) has officially gone busto.

Here you see major hash decline:
https://www.blockchain.com/charts/hash-rate
Here you can see '1st spends' of Bitcoin
https://terminal.bytetree.com/bitcoin
(I can't verify the accuracy of this).
I've been watching 1st spends a while, averaging like 15,000 more Bitcoins spent than mined for the last year. That's like $180 Mil.
First spends can only be done by miners. Spending more than mined basically means they are spending from old blocks (like blocks that paid out 50 BTC, 25 BTC, 12.5 BTC etc).
There is some bonus value to first spend coins that I don't quite understand, but basically you get 10% or 20% more than the Bitcoin value when you spend them, because they are completely untraceable or something like that. You can sort of trace Bitcoins, but it's very, very hard to trace newly mined Bitcoins until they are spent and linked up with other assets of said individual.
So over the last year, someone has been liquidating these reserve Bitcoins, while hash power of Bitcoin has gone up like double from where it was and payouts have fallen in half, so mining is paying like 25% of what it was this time last year, when BTC was $10k (presuming you stay on old equipment, etc.).
I could imagine a situation where a BTC bull holds these first spend coins for a long time, planning on a rapid price jump which takes a long time to materialize. And then combine that with he $3.5k Corona / Oil dip, which basically forced liquidated everyone on margin position (which Bitcoin bulls tend to do), and I could see a scenario where someone had a wonderfully huge Bitcoin position, and mining op, and then got all their free coins liquidated by margin call, and spent their '1st spend' coins to keep ops going, hoping for rapid price acceleration.
This is all conjecture but I've been expecting something like this to happen. Maybe it's just a blip, and I'm totally wrong, and hash climbs back up, but if it stays down and the BTC price goes up, then I'm thinking a miner went busto, who had be applying $10's of Millions of sell pressure monthly onto the system.
submitted by Bitcoin1776 to Bitcoin [link] [comments]

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
submitted by j0j0r0 to ethereum [link] [comments]

[OWL WATCH] Waiting for "IOTA TIME" 27;

Disclaimer: This is my editing, so there could be always some misunderstandings and exaggerations, plus many convos are from 'spec channel', so take it with a grain of salt, pls.
+ I added some recent convos afterward.
--------------------------------------------------​
📷
Luigi Vigneri [IF]어제 오후 8:26
Giving the opportunity to everybody to set up/run nodes is one of IOTA's priority. A minimum amount of resources is obviously required to prevent easy attacks, but we are making sure that being active part of the IOTA network can be possible without crazy investments.
we are building our solution in such a way that the protocol is fair and lightweight.

📷
Hans Moog [IF]어제 오후 11:24
IOTA is not "free to use" but it's - fee-less
you have tokens? you can send them around for free
📷
Hans Moog [IF]어제 오후 11:25
you have no tokens? you have to pay to use the network
📷
lekanovic어제 오후 11:25
I think it is a smart way to avoid the spamming network problem
📷
Hans Moog [IF]어제 오후 11:26
owning tokens is essentially like owning a share of the actual network
and the throughput it can process
📷
Hans Moog [IF]어제 오후 11:26****​
if you don't need all of that yourself, you can rent it out to people and earn money
📷
Hans Moog [IF]어제 오후 11:27
mana = tokens * time since you own them
simplified
📷
Hans Moog [IF]어제 오후 11:27
the longer you hold your tokens and the more you have, the more mana you have
but every now and then you have to move them to "realize" that mana
📷
lekanovic어제 오후 11:28
Is there any other project that is using a Mana solution to the network fee problem ?
📷
Hans Moog [IF]어제 오후 11:28
nah
the problem with current protocol is that they are leader based
📷
Hans Moog [IF]어제 오후 11:29
you need absolute consensus on who the current leaders are and what their influence in the network is
that's how blockchains works
📷
Hans Moog [IF]어제 오후 11:29
if two block producers produce 2 blocks at the same time, then you have to choose which one wins
and where everybody attaches their next block to
IOTA works differently and doesn't need to choose a single leader
we therefore have a much bigger flexibility of designing our sybil protection mechanisms
in a way, mana is also supposed to solve the problem of "rewarding" the infrastructure instead of the validators
in blockchain only the miners get all the money
running a node and even if it's one that is used by a lot of people will only cost
you won't get anything back
no fees, nothing
the miners get it all
📷
Hans Moog [IF]어제 오후 11:31
in IOTA, the node operators receive the mana
which gives them a share of the network throughput
📷
Hans Moog [IF]어제 오후 11:32
because in blockchain you need to decide whose txs become part of the blocks
and it's not really based on networking protocols like AIMD
📷
lekanovic어제 오후 11:33
And the more Mana your node have, the more trust your node has and you have more to say in the FPC, is that correct?
📷
Hans Moog [IF]어제 오후 11:33
yeah
a node that has processed a lot of txs of its users will have more mana than other nodes
and therefore a bigger say in deciding conflicts
its a direct measure of "trust" by its users
📷
lekanovic어제 오후 11:34
And choosing committee for dRNG would be done on L1 protocol level?
Everything regarding Mana will be L1 level, right?
📷
Hans Moog [IF]어제 오후 11:35
Yeah
Mana is layer1, but will also be used as weight in L2 solutions like smart contracts
📷
lekanovic어제 오후 11:35
And you are not dependant on using SC to implement this
📷
Hans Moog [IF]어제 오후 11:35
No, you don't need smart contracts
That's all the base layer
📷
Hans Moog [IF]어제 오후 11:37
'Time' actually takes into account things like decay
So it doesn't just increase forever
It's close to "Demurrage" in monetary theory
📷
lekanovic어제 오후 11:36
For projects to be able to connect to Polkadot or Cosmos, you need to get the state of the ledger.
Will it be possible to get the Tangle state?
If this would be possible, then I think it would be SUPER good for IOTA
📷
Hans Moog [IF]어제 오후 11:38
Yeah but polkadot is not connecting other dlts
Just inhouse stuff
📷
Hyperware어제 오후 11:39
Is there still a cap on mana so that the rich don't get richer?
📷
Hans Moog [IF]어제 오후 11:39
Yes mana is capped
📷
TangleAccountant어제 오후 11:39
u/Hans Moog [IF] My first thought is that the evolution of this renting system will lead to several big mana renting companies that pool together tons of token holders mana. That way businesses looking to rent mana just need to deal with a reliable mana renting company for years instead of a new individual every couple of months (because life happens and you don't know if that individual will need to sell their IOTAs due to personal reasons). Any thoughts on this?
📷
Hans Moog [IF]어제 오후 11:41
u/TangleAccountant yes that is likely - but also not a bad thing - token holders will have a place to get their monthly payout and the companies that want to use the tangle without having tokens have a place to pay
📷
TangleAccountant어제 오후 11:42
Oh I completely agree. That's really cool. I'll take a stab at creating one of those companies in the US.
📷
Hans Moog [IF]어제 오후 11:42
And everybody who wants to run a node themselves or has tokens and wants use the tangle for free can do so
But "leachers" that would want to use the network for free won't be able to do so
I mean ultimately there will always be "fees", as there is no "free lunch".
You have a certain amount of resources that a network can process and you have a certain demand.
And that will naturally result in fees based on supply / demand
what you can do however is to build a system where the actual users of that system that legitimately want to use it can do so for free,
just because they already "invest" enough by having tokens
or running infrastructure
they are already contributing to the well-being of the network through these two aspects alone
it would be stupid to ask those guys for additional fees
and mana essentially tries to be such a measure of honesty among the users
📷
Hyperware어제 오후 11:47
It's interesting from an investment perspective that having tokens/mana is like owning a portion of the network.
📷
Hans Moog [IF]어제 오후 11:48
Yeah, you are owning a certain % of the throughput and whatever the price will ultimately be to execute on this network - you will earn proportionally
but you have to keep in mind that we are trying to build the most efficient DLT that you could possibly ever build
📷
semibaron어제 오후 11:48
The whole mana (tokens) = share of network throuput sounds very much like EOS tbh
Just that EOS uses DPoS
📷
Hans Moog [IF]어제 오후 11:50
yeah i mean there is really not too many new things under the sun - you can just tweak a few things here and there, when it comes to distributing resources
DPoS is simply not very nice from a centralization aspect
📷
Hans Moog [IF]어제 오후 11:50
at least not the way EOS does it
delegating weights is 1 thing
but assuming that the weight will always be in a way that 21 "identities" run the whole network is bad
in the current world you see a centralization of power
but ultimately we want to build a future where the wealth is more evenly distributed
and the same goes for voting power
📷
Hans Moog [IF]어제 오후 11:52
blockchain needs leader selection
it only works with such a centralizing component
IOTA doesn't need that
it's delusional to say that IOTA wouldn't have any such centralization
but maybe we get better than just a handselected nodes 📷
📷
Phantom3D어제 오후 11:52
How would this affect a regular hodler without a node. Should i keep my tokens elsewere to generate mana and put the tokens to use?
📷
Hans Moog [IF]어제 오후 11:53
you can do whatever you want with your mana
just make an account at a node you regularly use and use it to build up a reputation with that node
to be able to use your funds for free
or run a node yourself
or rent it out to companies if you just hodl
📷
semibaron어제 오후 11:54
Will there be a build-in function into the node software / wallet to delegate ("sell") my mana?
📷
Hans Moog [IF]어제 오후 11:55
u/semibaron not from the start - that would happen on a 2nd layer
------------------------------------------------------------------------------------------------------------
📷
dom어제 오후 9:49
suddenly be incentive to hold iota?
to generate Mana
📷
Hyperware오늘 오전 4:21
The only thing I can really do, is believe that the IF have smart answers and are still building the best solutions they can for the sake of the vision
📷
dom오늘 오전 4:43
100% - which is why we're spending so much effort to communicate it more clearly now
we'll do an AMA on this topic very soon
📷
M [s2]오늘 오전 4:54
u/dom​ please accept my question for the AMA: will IOTA remain a permissionless system and if so, how?
📷
dom오늘 오전 4:57
of course it remains permissionless
📷
dom오늘 오전 5:20
what is permissioned about it?
is ETH or Bitcoin permissioned because you have to pay a transaction fee in their native token?
📷
Gerrit오늘 오전 5:24
How did your industry partners think about the mana solution and the fact they need to hold the token to ensure network throughput?
📷
dom오늘 오전 5:26
u/Gerrit considering how the infrastructure, legal and regulatory frameworks are improving around the adoption and usage of crypto-currencies within large companies, I really think that we are introducing this concept exactly at the right time. It should make enterprise partners comfortable in using the permissionless network without much of a hurdle. They can always launch their own network if they want to ...
📷
Gerrit오늘 오전 5:27
Launching their own network can’t be what you want
📷
dom오늘 오전 5:27
exactly
but that is what's happening with Ethereum and all the other networks
they don't hold Ether tokens either.
📷
Gerrit오늘 오전 5:32
Will be very exciting to see if ongoing regulation will „allow“ companies to invest and hold the tokens. With upcoming custody solutions that would be a fantastic play.
📷
Hans Moog [IF]오늘 오전 5:34
It's still possible to send transactions even without mana - mana is only used in times of congestion to give the people that have more mana more priority
there will still be sharding to keep the network free most of the time
📷
Hans Moog [IF]오늘 오전 5:35
but without a protection mechanism, somebody could just spam a lot of bullshit and you could break the network(수정됨)
you need some form of protection from this
📷
M [s2]오늘 오전 5:36
u/Hans Moog [IF] so when I have 0 Mana, I can still send transactions? This is actually the point where it got strange...
📷
Hans Moog [IF]오늘 오전 5:37
yes you can
unless the network is close to its processing capabilities / being attacked by spammers
then the nodes will favor the mana holders
📷
Hans Moog [IF]오늘 오전 5:37
but having mana is not a requirement for many years to come
currently even people having fpgas can't spam that many tps
and we will also have sharding implemented by then
📷
M [s2]오늘 오전 5:39
Thank you u/Hans Moog [IF] ! This is the actually important piece of info!
📷
Basha오늘 오전 5:38
ok, i thought it was communicated that you need at least 1 mana to process a transaction.
from the blogpost: "... a node with 0 mana can issue no transactions."
maybe they meant during the congestion**, but if that's the case maybe you should add that**
📷
Hans Moog [IF]오늘 오전 5:42
its under the point "Congestion control:"
yeah this only applies to spam attacks
network not overloaded = no mana needed
📷
Hans Moog [IF]오늘 오전 5:43
if congested => favor txs from people who have the most skin in the game
but sharding will try to keep the network non-congested most of the time - but there might be short periods of time where an attacker might bring the network close to its limits
and of course its going to take a while to add this, so we need a protection mechanism till sharding is supported(수정됨)
📷
Hans Moog [IF]오늘 오전 6:36
I don't have a particular problem with EOS or their amount of validators - the reason why I think blockchain is inferior has really nothing to do with the way you do sybil protection
and with validators I mean "voting nodes"
I mean even bitcoin has less mining pools
and you could compare mining pools to dpos in some sense
where people assign their weight (in that case hashing power) to the corresponding mining pools
so EOS is definitely not less decentralized than any other tech
but having more identities having weight in the decision process definitely makes it harder to corrupt a reasonable fraction of the system and makes it easier to shard
so its desirable to have this property(수정됨)

-------------------------------------------------

📷
Antonio Nardella [IF]오늘 오전 3:36
https://twitter.com/cmcanalytics/status/1310866311929647104?s=19
u/C3PO [92% Cooless] They could also add more git repos instead of the wallet one, and we would probably be #1 there too..
----------------------------------------------------------------------------------
Disclaimer:
I'm sorry, maybe I'm fueling some confusion through posting this mana-thing too soon,
but, instead of erasing this posting, I'm adding recent convos.
Certain things about mana seem to be not clear, yet.
It would be better to wait for some official clarification.
But, I hope the community gives its full support to IF, 'cause
there could be always some bumps along the untouched, unchartered way.
--------------------------------------------------------------------------------------
Recent Addition;

Billy Sanders [IF]오늘 오후 1:36

It's still possible to send transactions even without mana - mana is only used in times of congestion to give the people that have more mana more priority
u/Hans Moog [IF] Im sorry Hans, but this is false in the current congestion control algorithm. No mana = no transactions. To be honest, we havent really tried to make it work so that you can sent transactions with no mana during ties with no congestion, but I dont see how you can enable this and still maintain the sybil protection required. u/Luigi Vigneri [IF] What do you think?📷

Dave [EF]오늘 오후 2:19

Suggestion: Sidebar, then get back to us with the verdict.(수정됨)📷2📷

dom오늘 오후 2:27

No Mana no tx will definitely not be the case(수정됨)📷5📷7***[오후 2:28]***Billy probably means the previous rate control paper as it was written by Luigi. I'll clarify with them📷

Hans Moog [IF]오늘 오후 2:29

When was this decided u/Billy Sanders [IF] and by whom? Was this discussed at last resum when I wasnt there? The last info that I had was that the congestion control should only kick in when there is congestion?!?***[오후 2:29]***📷 📷 📷📷

Navin Ramachandran [IF]오늘 오후 2:30

Let's sidebar this discussion and return when we have agreement. Dave has the right idea

submitted by btlkhs to Iota [link] [comments]

Bitcoin Revolution App South Africa Patrice Motsepe Reviews – Scam Or Legit?Bitcoin Revolution App South Africa Patrice Motsepe Reviews – Scam Or Legit?

Bitcoin Revolution South Africa Patrice Motsepe” Are Patrice Motsepe Bitcoin rumors true? Did he invest in Bitcoin Revolution?
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The system has been designed by a group of brokers. These brokers have been working in the Bitcoin industry for years and were familiar with the way things worked. Since they all knew how things were working with other Bitcoin software, the brokers joined together to create the ultimate software solution for Bitcoin mining, known as the Bitcoin Revolution.
One of the interesting elements that led to the creation of the Bitcoin revolution App is that the brokers were entirely sure about their algorithm's workability. According to them, it was a simple yet effective way to enhance investments via Bitcoin trading.

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Bitcoin Revolution South Africa Reviews

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What's more appealing for a trading system than high conversion rates? The reason behind the popularity of the Bitcoin Revolution is the high conversion rate that offers numerous perks. Users, once they understand how to trade, can easily manage trading success rate between 80%-90%. One can place investments from low to high amounts. However, it's recommended to go for the lowest so that hands-on experience can be gained without being subjected to loss due to inaccurate trading.

Demo and Tutorials

You don't have to worry about losing your money just because you didn't have enough experience. That is why the Bitcoin Revolution South Africa Patrice Motsepe comes with a demo account that allows you to trade using demo investments so that they can learn how the trading works. Moreover, it also comes with tutorials that help you understand and train with the system. The tutorials are designed by the brokers that can help explore the modules of the software.

Customer Support

There are times when people don't understand the workability of the software and fail to produce effective results. In such a time, they rely on customer support to help them. The Bitcoin Revolution has dedicated customer support that offers assistance to the users in real-time. One can easily connect with them with one message, and their live chat would assist until the issue is solved.

How to Earn Using Bitcoin Revolution?

First of all, it's legit! It has a success rate of more than 80%, which allows users to gain competitive outcomes from their investment. In terms of earning money, one needs to understand how the trading works to get complete control over the system. The geeks that experienced working with the software provided the following insights:

Starting Small

This is important since you'll need to get familiarized with the platform's workability and to know how the trading robot works. Once you get hands-on experience with it, you can easily invest more money and expect higher payouts.

Following Expert’s Advice

Another important element about it is to follow expert advice and tutorials. This way, you'll be able to get better outcomes using the Bitcoin Revolution South Africa. Some tutorials can help you understand and customer support assisting in the matter.

Invest What You Can Afford

One of the many reasons why people fail at trading is because they don't put much effort into understanding how the system works, invest in a lot, and fail. Remember, the Bitcoin market is extremely volatile, and investing a lot of money without understanding creates high risk.

Final Verdict

The Bitcoin Revolution South Africa is legit. It offers an extensive range of perks as well as competitive outcomes. It's a solid tool that has been created to offer users positive outcomes, irrespective of their location. The team of brokers behind the software is continuously monitoring and updating the system to make it more effective and efficient. Overall, the Bitcoin Revolution South Africa is unique and different from other Bitcoin robots such as Bitcoin Profit, Bitcoin Loophole, etc.
submitted by RelationshipFar6532 to u/RelationshipFar6532 [link] [comments]

Do you know the outstanding features of ROI coins?

As I know, cryptocurrency traders are making a lot of money today. Many coins had some nice features, but one coin didn't contain everything.
But I think ROI coins are essentially coins that combine all the very good features of many great coins into one coin.
The focus of ROI coins is on the community and the coin revolves around the people who support it. That is, the coin has an ear that listens to the consensus of the community, and as it moves forward, it changes and evolves based on the input of its backers.
You can mine, stake, term-deposit, buy and sell without needing specialized equipment or advanced technical knowledge.
Beyond that, you can also get involved by participating in our online community where you can discuss and learn about ROI Coin as well as other topics of interest in the Bitcoin-altcoin world.
Features of ROI Coin
ROI Coin was designed for simplicity and mass adoption. Because of this it has many great features that will allow it to be easy to understand and use by people who are not necessarily tech-savvy or experienced in altcoins.
 CPU only mining that is GPU and Asics resistant to favor consumer-grade computers  Reasonable 15% APR gains on any coins sitting in the wallet  Wallet available for Windows 32 bit, 64 bit and Linux  One mouse click mining right from the wallet  Fast network transaction processing  Automatic peer connecting to synchronize the wallet  The wallet displays detailed information on term-deposited coins  The wallet has built-in encryption capability  The wallet has the built-in backup capability  Wallet debug window contains blockchain, network traffic and peers info, and console  MIDAS implementation for enhanced blockchain security  Website exchange to buy/sell products/services using ROI Coin
A coin that gives you triple hybrid capabilities:
 POW mining  POS staking  Term Deposits. CPU mineable is ASIC and GPU resistant with prove.n MIDAS hash rate difficulty adjustment.
Staking term deposits whether or not you even have your wallet on. Standard POS 15 %, 1 Month Deposit 2.40%, 3 Month Deposit 6.28%, 6 Month Deposit 10.65%, 9 Month Deposit 14.26%, 1 Year Deposit 18.07%. Low inflation rate and great community. Solid wallet versions built for Windows, Linux, and MAC. For people with limited internet, you can stake your coins, then print out a paper wallet and delete the computer wallet. Reimport that paper wallet when you are ready and you'll have the initial balance + full interest payout. So you can simply visit at roi-coin.com
submitted by dojogang to u/dojogang [link] [comments]

Round up of Cryptocurrency News #2 Week 13/07 - 19/07

Round up of Cryptocurrency News #2 Week 13/07 - 19/07
So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.
 
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
 
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
 
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
 
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
 
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
Important/Notable/Highlights:

Special Mentions:
Other:
submitted by IOTAbesomewhere to Gravychain [link] [comments]

BETFURY BOX: get free BTC every 2️0 min & earn up to 15% monthly

BETFURY BOX: get free BTC every 2️0 min & earn up to 15% monthly

https://preview.redd.it/2ifreq3wf3m51.png?width=1170&format=png&auto=webp&s=5d31de103b7274e141c61ab329746cf1df405756
All secrets come true! From the moment it was announced that Betfury was preparing a Secret Project, all users started actively discussing what it might be. There were questions about it in the Telegram chat every day. And some of the users were very close to the correct answer - so close that we wanted to answer “hot” (like in a game).
So the legendary Secret Project is “BetFury Box”https://betfury.io/boxes
Why was it a secret? The reason is the uniqueness in the і-Gaming world.Unprecedented project, which required much work and time for preparation.
What is the BetFury Box?
BetFury Box is a faucet itself - a unique opportunity to earn by multiplying Bitcoins!Now earning BTC becomes accessible for everyone without special knowledge.
Earn Bitcoins in three steps:
  • Sign up on BetFury
  • Choose a preferable box with the best conditions for you
  • Get income: free BTC every 20 min, profitable Deposits and Referral bonuses up to 35%
⚠️ Boxes funds were allocated from the team side specifically to promote our platform (they don't apply to the Dividends pool).
https://betfury.io/boxes
There are 3 types of income from Boxes:

Free Box - Get up to 1800 Satoshi every day!

https://preview.redd.it/xbhd57m0g3m51.png?width=859&format=png&auto=webp&s=8aaef7629e5e360973b150a75386e7767233fe4f
All registered users have an opportunity to get free BTC every 20 min.The only thing you need to do is to be attentive or set an alarm not to oversleep.

How does it work?

The Free Box is constantly replenishing with Bitcoins. Once 20 min pass, coins can be withdrawn. Press “Withdraw”, pass a Captcha and get BTC on your game balance. That’s it!Come back every 20min for a new free roll and earn up to 1800 Satoshi of Daily Payouts.
Important!
  • The BetFury team has specially allocated funds for this unique project to promote our platform (they don't apply to the Dividends pool).
  • BetFury will notify players of any significant changes to existing terms and conditions of the Free Box before entering into force. BetFury may, at its sole discretion, make minor changes to these terms, the promotion itself or the players’ right to participate in this promotion for any reason, without prior notice to the players.
https://betfury.io/boxes

Deposit Box - Earn up to 15% monthly!

https://preview.redd.it/arnryrk5g3m51.png?width=859&format=png&auto=webp&s=a2eb413e4df84b54d4e72dbc77fb2382a22b93e7
BetFury provides not only the best gaming experience but also profitable services with maximum investment attractiveness!Increase your funds with the Deposit Boxes. BetFury offers to make Deposits more profitable, than in banks.
Every box purchases require by completing some task: to get acquainted with our platform, play games or complete daily tasks.
**Choose the Box to your taste.**Raccoon Fury has mined a set of different gemstones. Each of them has it’s name and is valuable in its own way.The difference between them is the cost, the percentage that you can get and the number of days for which it is purchased.
  • Each new Box is an exclusive offer with a limited term and conditions. Keep an eye on BetFury not to miss new special Boxes with unique opportunities.
**Get funds any time.**You can withdraw the full amount + % after the period finishes or withdraw the total expected amount with % by parts.The BetFury team guarantees that you will return all invested funds +% at the end of the term of the box you bought.
https://betfury.io/boxes

Box Referral Bonuses - up to 35%

https://preview.redd.it/takjxt2bg3m51.png?width=859&format=png&auto=webp&s=0c9adf92454fe667d774df58924b8ab5ad5c9b85
More fun and Bitcoins together with friends! Invite friends through your social networks and get up to 35% from their incomes.
1. Use your Referral link - it’s the same you’ve previously had on the BetFury account.
2. Share the Referral link to any social network: Telegram, Twitter or Reddit, YouTube, Instagram, Facebook.
**3. Get passive income.**It doesn't matter if your friends use a Free Box or Deposit Boxes - BTC will be pouring on your game balance.

Free Box - 20% from referrals withdrawals

Each time your referrals make withdrawals in the Free Box, you get a reward in the amount of 20%.**Example:**By clicking Withdraw, the balance of $100 is transferred to the game balance → referral rate (20%) $20 - affiliate commission.

Deposit box - 15% from referrals pure profit.

Your referrals buy boxes - you get coins immediately after the purchase.**Example:**By clicking Buy Box in amount of $100 ($100 deposit + $10 pure income) → referral rate (15%) ($10 * 0.15) = $1.5 referral commission.
⚠️ Note: 7 days Deposit boxes are not eligible for affiliate bonuses.
Start earning passively from the first minute. Later, the conditions for receiving referral bonuses can be changed, so enjoy the maximum benefit here and now!The more invited friends you have - the more profit you get.
________________________________________________________________________________________________________
BetFury has presents in the Box for everyone! It’s the easiest way to get and multiply Bitcoins. There are a lot of ways to use earned crypto on BetFury: play games, mine BFG tokens, Stake them to get Dividends. Sure, you’ll find the best variant for you!
________________________________________________________________________________________________________
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io

submitted by BetFury_io to u/BetFury_io [link] [comments]

HEX Unique features

HEX is the principal endorsement of store on the blockchain! HEX pays Trustless Interest with no counterparty chance. Given programmable cash the principal program ought to be premium.
Pays holders rather than diggers. Staking HEX resembles getting free mining equipment and power. Bitcoin and HEX correlation
No Satoshi (on the off chance that he doesn't guarantee in 50 weeks) or Mt.Gox dumping on you. No swelling bug conceivable like bitcoin has had. Unit predisposition fixed. Progressively disseminated mining environment. Whale punishment which gives whales coins to stakers, and so forth.
Around 12 million or more of the 18 million all out BTC worth of HEX cases will be given to the stakers on day 353 by shares. What's more, It gets duplicated by the Viral and CriticalMass selection extra multipliers which can build it up to 3x. The offer cost just goes up.
Stakers that end stake early or late compensation faithful stakers. Longer stake submit pays 20% more every year, up to 3x shares, (halfway years are fine). Lower charges, lower swelling. Referral program. Organizer is a showcasing master with a crowd of people. Early adopters get paid amazingly well.
20% Speed reward tumbling to 0% during the fifty weeks. Unclaimed coins paid to stakers 2% every week for 50 weeks. Consistently you don't guarantee, another person gets your coins. Minimum amount and Virality rewards increment payouts to stakers so they make progressively HEX the more individuals that guarantee, than if less individuals asserted, despite the fact that they get unclaimed coins on day 353. Each pumpamental to bolt up supply, increment reception and cost.
Hex has a lower expansion rate than Bitcoin, much after the rate was sliced down the middle twice in its 10 years. The swelling is additionally deferred, in light of the fact that it's just paid on finished stakes, and stakes can most recent 10 years. Failure to exchange staked coins builds the estimation of unstaked coins, and chance that some will early endstake and take care of punishments to faithful stakers.
Trustless Interest.
Suppose you need to make more bitcoin on your bitcoin. What are your alternatives? You could loan your coins out and face the challenge they're not returned, or you could have a go at selling your coins for mining equipment and want to get more coins back later. Bunches of individuals have lost cash attempting either.
Counterparty hazard in Bitcoin ventures.
To acquire enthusiasm on their Bitcoin, most clients send them to a brought together outsider, for example, a trade. There, coins can be acquired to "short" the market. Merchants acquire the coins to sell, in the expectations that they can rebuy them less expensive before they need to return them, along these lines benefitting from value diminishes. These brought together gatherings are security openings that are frequently hacked, annihilate protection, or acquaint expenses on the off chance that you need with get your assets out. Billions of dollars in coins sent to trades or loan specialists have been taken. Not your keys, not your coins.
These concentrated outsiders and brokers are so essential to clients looking for yield (making interest) that the organizations themselves have made more benefit on Bitcoin than its originator. A huge number of dollars of significant worth has moved into the pockets of brokers. HEX fixes this.
This replaces these outsiders with a trustless distributed to framework. Rather than sending your HEX to a trade so they can loan it out for your sake to procure enthusiasm for you, you simply lock it in same brilliant agreement that stamped all the HEX in any case, and it credits you intrigue. In case you're given programmable cash, the principal thing you should program is premium.
HEX pays enthusiasm to stakers rather than excavators.
A few clients take a stab at mining to make more digital money. Rather than sending your cash to a remote super corp to purchase mining gear which appears late, utilized, or never by any stretch of the imagination, you can avoid the deteriorating resource and power bills and simply stake your coins.
HEX is the primary digital currency with a graph of future sellable stockpile (lapsing stakes after some time.) This makes sure about purchasers trust in future estimation of their speculation.
HEX has Speculative Stickiness.
Typical cryptographic forms of money have: Price, hash rate.
HEX has: HEX value, Share cost, Directly influences staker benefit per share: % of supply staking, Average stake length, Average stake size, stake termination diagram after some time, early and late end stake punishments.
HEX links: Website: https://hex.win/ Twitter page: https://twitter.com/HEXCrypto Facebook page: https://www.facebook.com/HEXcrypto Telegram page: https://t.me/HEXcrypto Github: https://github.com/bitcoinHEX Reddit page: https://hexcrypto.reddit.com/ Medium page: https://medium.com/hex-crypto/ Ann: https://bitcointalk.org/index.php?topic=4523610.0
Author information; Bitcointalk username: TridentHorn Bitcointalk profile: https://bitcointalk.org/index.php?topic=4523610.0
submitted by TridentHorn to Cryptocoinworld [link] [comments]

Playkey is looking for miners on a commercial basis

We are ready to scale up our decentralized cloud gaming platform and are inviting miners to join us on a commercial basis. Based on our estimations, owners of mining hardware will be able to make up to six times more money from renting out hardware for gaming instead of mining.
Mining crypto currency with GPU farms is no longer as profitable as it used to be. Bitcoin, Ethereum, Litecoin and other currencies are also falling in popularity. Whattomine.com estimates that a single mining machine can generate up to $15/month, whereas with Playkey once you go through the approval process we would pay you $50/month for a similarly spec’d machine.
This will greatly benefit players, as it allows to lower the gaming latency, especially for the Eastern Russia. We plan to connect miners across Russia as well as other countries, so that players would no longer have to worry about the location of the main data centers.
In order to participate in the commercial testing miners should fill in the application at https://playkey.io/en/miners/. Afterwards, the instructions on how to join will be sent out to the email provided.
How much, when and how you will get paid for renting out your PC:
  1. During the beta stage the reward is $50 per virtual machine (for a 30 day period).
  2. We pay the reward after 30 days of your machine being connected to the service.
  3. The payout options are diverse and you can choose one according to your preferences and legal status. Here are the options:
  1. In order to receive your reward and request a payout, email us at support_[email protected] after 30 days of being connected to Playkey. Use “Payout request” as your email subject.
  2. A stand-alone PC
  3. Minimal requirements:
  1. An 8 Gb flash drive for the initial unfolding
  2. Wired 50 Mb/s or faster Internet connection
  3. HDMI dummy plug or a connected HDMI display.
This is an open beta test, so there is a chance that some unexpected situations may occur. We will work out solutions as we go. After all, we could be the very first decentralized cloud gaming platform that enables users to rent out their hardware and get paid for it. This is a challenging task as much as it is something to be proud of. Let’s figure it out together. Join us!
submitted by memprojek2e to Playkey [link] [comments]

BetFury gets higher — updated with a new “Stairs” game, BTC & BTT

BetFury gets higher — updated with a new “Stairs” game, BTC & BTT

https://preview.redd.it/1ca8pqek59m41.png?width=2024&format=png&auto=webp&s=16488edd25c85ae20afaa22f610b4e7b697c2d0f
Things, you’ve been dreaming about are live on BetFury! More and more opportunities are being created for our best users. Discover the new game Stairs together with BTT & BTC integration.
Meet: Stairs — a new In-house game, Stairs Profit Competition, Integration of BTT & BTC, ability to make deposits and withdrawals with BTT & BTC, BTT dividends pool, product improvements and other buns!
Now let’s see what each new update entails.

Stairs — a new In-house game on BetFury

Enjoy the launch of Stairs in-house game on BetFury! Stairs — is an exciting game, where our raccoon Fury participates. The main purpose is to climb up the stairs to the top. Your winning depends on the stair, which you’ve managed to reach. But you have to be very attentive, because while you climb, stones fall and may squash the raccoon. Oops!
How to play? Follow 3 simple steps:
Step 1. To start, make a bet and choose the amount of stones per one game move, then press “Play” to continue;Step 2. Climbing up the stairs, beware of falling stones! The higher you go up, the more you get;Step 3. Your winning’s amount is your choice: you can pick up a win at any time or go through all 13 moves and get the maximum reward.

Stairs Profit Competition

https://preview.redd.it/3affd94h69m41.png?width=1600&format=png&auto=webp&s=4e95e3f1dedf4d2c14b2171fcc15f0e7d61156de
BetFury prepared and excellent opportunity to play the new game and win extra prizes. 250k TRX are waiting for the furriest gamers! Top 50 places and 14 days of the best i-gaming experience. See you upstairs on the x73644 — the highest multiplier in the new game! Good luck and have fun!

RULES

  1. The promotion runs from February 12, 2020, until February 26, 2020.
  2. Total prize pool is 250 000 TRX.
  3. Total winning places50. Distribution may be checked in the competitors’ list.
  4. Bets can be placed in TRX, USDT, BTT or BTC (the total winning volume will be considered in TRX).
  5. To become the winner you have to win most of all pure profit!
Example 1: your bet is 100 TRX — winning — 150 TRX = 50 TRX added to your rating. Example 2: your bet is 10 USDT — winning — 13 USDT = approx. 160 TRX (TRX/USDT rate) added to your rating. etc.
  1. The more profit you get, the higher you are in the competition!
You can track your current position in the right section of the promo page (where the auction is).
  • To open the page, find the “Stairs Profit Competition” button in the left part of a games’ window.
  • Press the “?” button. You’ll be passed to the competition’s page.
  • Track there information about the current leaders and read the rules.
  1. Distribution of winnings is carried out automatically to your game balance with no conditions, no wager requirement in 24h.
BetFury will notify players of any significant changes to existing terms and conditions of Stairs Profit Competition before entering into force. However, BetFury may, at its sole discretion, make minor changes to these terms, the promotion itself or the players’ right to participate in this promotion for any reason, without prior notice to the players.
https://preview.redd.it/n9ntf3jk69m41.png?width=2400&format=png&auto=webp&s=a1b60854f551073fd92ad24ee239c31ad938951c

BTT associates BetFury

BTT (BitTorrent) coin is one of the first tokens that work on TRC-10 protocol based on the Tron blockchain to foster faster speed on the world’s largest decentralized application.
BTT integration allows several changes and opportunities.
  1. deposit/withdrawal can be made from any TRON wallet that supports TRC10
  2. bets are available for all games (including in-house, slots, table games)
  3. minimal bet = 5 BTT
  4. you will receive 0,3% in (In-House games)& 0,05% (Slots)in BTT of all referral pure winnings
Main changes in basic User Experience:
  1. After signing up you can see your game balance. You are able to change it into BTT balance in the drop-down list by clicking on it;
  2. Deposit/Withdraw pop-up is changed. Now you’re able to choose the currency directly in this window. Make deposit and withdrawal in BTT
  • Press the “Deposit” button in the Header.
  • Choose the currency, which you need.
  • Enter an amount or choose from the offered.
  • Press “Deposit”.
  • The same procedure is with Withdrawing.
https://preview.redd.it/dgtnuxwp69m41.png?width=1030&format=png&auto=webp&s=ca5c3c1a3e35c6effd7099ecde2f210095836f2d
  1. Dividend pool. BTT dividend pool is created, which means, that mining price is also represented in BTT.
  2. The mining price is dynamic for BTT and based on TRX/USDT/BTT trading pair rates in real-time mode;
  3. In the Cashback section the available amount is shown in the currency, you’ve chosen in the drop-down list in the header. Cashback history shows all currencies.
  4. Games and Jackpots
  • BTT is not available in the Auction.
  • Jackpots are shown in TRX. To win Jackpot, bets are available in BTT.
  • To place bets in all in-house games you should select BTT in the header drop-down menu.
  1. Account. The total bet is represented in TRX. (BTT is converted into TRX at the Binance rate at the time of betting and added to your total wager).
All Game balances are represented on the page.
Transaction history and Game history are common for all currencies.
  1. Daily tasks are individual for all currencies. You may do the same tasks for TRX, USDT, BTT, BTC separately every day.
  2. The rank system remains the same regardless of the currency the user has chosen. If you are going to place bets in BTT your rank will go up according to the TRX/BTT rate in the time of betting.

BTC breaks into BetFury

Our users have been asking us about it since the first day of BetFury existence. Dreams come true — BTC breaks into BetFury.
BTC (Bitcoin) is a cryptocurrency that isn’t managed by a bank or agency but in which transactions are recorded in the blockchain that is public and contains records of each and every transaction that takes place.
BTC integration allows several changes and opportunities.
  1. deposit/withdrawal can be made
  2. bets will be available for all games (from start only in-house games)
  3. minimal bet = 0,000002 BTC
  4. referral payments — 0,3% in (In-House) & 0,05% (Slots) in BTC of all referral pure winnings
Main changes in basic User Experience:
  1. After signing up you can see your game balance. You are able to change it into BTC balance in the drop-down list by clicking on it;
  2. Deposit/Withdraw pop-up is changed. Now you’re able to choose the currency directly in this window. Make deposit and withdrawal in BTC

Deposit

  • Press the “Deposit” button in the Header.
  • Choose BTC in the list of currencies.
  • To make the deposit you need to copy your BTC deposit address.
  • Then make the deposit in any exchanger. For example, you may read, how to do it in Binance https://cryptocurrencytutors.com/binance-tutorial/
https://preview.redd.it/9zo847dv69m41.png?width=866&format=png&auto=webp&s=6821d4532d1686921eca402a7864150b6a02ffc2
Withdrawal
https://preview.redd.it/yfqzamnz69m41.png?width=856&format=png&auto=webp&s=3911bbd7e8e0cb7c8dc23883f93c8a52d27c72b8
  • Paste your wallet address (copied from Deposit section)
  • Enter the amount, which you want to withdraw
  • Press “Withdraw”
Your withdrawal will have 0.00005000 subtracted to cover the transaction fee.
  1. Dividend pool. BTC dividend pool is still not created. This opportunity will be available soon.
  2. In the Cashback section the available amount is shown in the currency, you’ve chosen in the drop-down list in the header. Cashback history shows all currencies.
  3. Games and Jackpots
  • BTC is not available in the Auction.
  • Jackpots are shown in TRX. To win Jackpot, bets are available in BTC.
  • To place bets in all in-house games you should select BTC in the header drop-down menu.
  1. Account. The total bet is represented in TRX. (BTC is converted into TRX at the Binance rate at the time of betting and added to your total wager).
All Game balances are represented on the page.
Transaction history and Game history are common for all currencies.
  1. Daily tasks are individual for all currencies. You may do the same tasks for TRX, USDT, BTT, BTC separately every day.
  2. The rank system remains the same regardless of the currency the user has chosen. If you are going to place bets in BTC your rank will go up according to the TRX/BTC rate in the time of betting.

Other updates:

  1. Dividends
https://preview.redd.it/a7n504j279m41.png?width=2400&format=png&auto=webp&s=362e5951ef046798adf7fd9b420fc46439eef704
For the BetFury team, as well as for the platform users, stability is an important point. Therefore, along with the big update (which includes the release of the game Stairs, Stairs Profit Competition, adding of BTC and BTT) we are updating the distribution system of the dividend pool.What will change?For the stable operation of dividend payments, the BetFury team decided to replenish the dividend pool in the amount of 3,500,000 TRX. Dividend payments will be 3%. Thus, payouts per 100K BFG will become larger and more stable.Distribution example:
The previous pool size was 2,300,000 TRX*. With* 7% payout, the distribution will be 161,000 TRX (16.9 TRX per 100,000 BFG daily).We add 3 500 000 TRX to the pool (= 5 800 000 TRX) with the payout of 3%, the distribution will be equal to 174 000 TRX (16.9 TRX per 100 000 BFG daily)
Also, the BetFury team recharged USDT & BTT pool in the amount of 4000 USDT/3 000 000 BTT respectively.
The advantage of such a dividend policy BetFury will stable payments and increase investment interest to the platform.
  1. “Instagram”, “Facebook” and “Reddit” buttons in the footer. Communication on BetFury becomes even more accessible. Follow all our social networks to be aware of all events, giveaways, competitions, updates!
  2. UI & UX updates have been made for your pleasurable playing and using the website.
  3. We have taken away the “Daily bonus” section in the left part of a games’ window. It’s connected with the poor Dividend pool and it’s more important to put there information about the current competition.
  4. Weekly Slots Race. It becomes even more convenient to track the information about the winners on the new landing page.
  • To open the page, find the “Weekly Slots Race” button in the left part of a games’ window.
  • Press the “?” button. You’ll be passed to the competition’s page.
  • Track there information about the current leaders and winners of the previous races. Also read the rules.
BetFury is developing every day. We’re working for your pleasure. Every wish and proposal of our users is heard. Thank you for support and feedback. Hope, these changes will make you satisfied. Enjoy playing the new game, win prizes in the competition, boost the Dividend pool and get more profit form Cashback!
We’re always ready for your advices! Contact us on our social networks:
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io
submitted by BetFury_io to u/BetFury_io [link] [comments]

Actual cost of a 51% attach, $10.2 million

So I was discussing this last week and honestly it all felt too simple, so I'm trying to get some stronger counterpoints to this argument. Goes something like this.
You have some pool miner that wants to do a 51% attack. Lets assume the attack has three phases, the first phase is to try to accumulate 51% of the hashing power, next is the accumulation of more hashing power by ejecting other pools from through reorg. Finally when they aquired enough mining power they could blacklist exchange hotwallets or all manner of nefariousness. Lets further assume that everyone will act purely in their own self interest. For simplicity lets call the attacker "Spectre Pool".

Accumulation Phase

Assuming Spectre Pool can hit something like 41% of the hashing power, the first goal is to accumulate more resources to hit 51%. Since pool mining is a commodity market, all Spectre has to do in this imaginary world is offer more than the market rate. Since they are already at 41% hashrate, they need to entice another 10% of the market to come to their pool. The obvious way to do this would be to offer a "new customer bonus" or something like that. Some promotion where they pay 1% above market price for the hashing power of pool members. So, given a network hashrate of 116.73 EH and a market rate of 0.101 USD/TH per day, the cost they would have to bear to offer a 1% promotion to entice 10% of the network would be:
116.73_EH / 0.101_USD/TH * 10% * 1% = 1,155,742 USD per day for each 1% "bonus"
So, assuming they were willing to spend that much on "marketing", and that all miners worked in their own self interest, eventually they could lure enough miners over to achive 51%. Once they hit this threshold they could scale back on the "marketing" and thus reduce their daily burn.

Acceleration phase

Once at 51%, the next attack of Spectre will be to put their smallest competitor out of buisness. Lets call that the "Bond Pool", and pretend that Bond has 1.5% of the network hashing power. To put Bond out of buisness, with 51%, Spectere will need to reorg whenever Bond wins a block. By reorging to a chain without Bond, this will put Spectre one block behind and they will need to catch up. Once the reorg begins, Spectre will need to produce the longest chain on its own while starting one block behind. So we need to determine how long (statisticly) it will take Specter to produce n+1 blocks and compare that to how long (statisticly) it will take Bond to win one block.
Although this can be hammered out in an iterive calculation, a better approach will be an algebraic solution. Lets walk through the equations:
You can put the following into a GeoGebra CAS calculator to substitute and simplify the equations
solve(n*m = s*(n+1), n) M = 1/2-d S = 1/2+d m = t/M s = t/S solve(n*m = s*(n+1), d) n = s/(m-s) b = m*M/p solve(b = s*(n+1),p)
This will produce the following equations for the values we are interested in.
m(t,d): t/(1/2-d) # from `m` define s(t,d): t/(1/2-d) # from `s` define n(s,m): s/(m-s) # from `n` solve d(n): 1/(4*n+2) # from `d` solve p(d): 2*d # from `p` solve b(t,p): t/p # from `b` define
Plugging the equations into excel produces the following (assuming t=10)
n d p m s b
25 0.98% 1.96% 20.40 19.62 510
20 1.22% 2.44% 20.50 19.52 410
15 1.61% 3.23% 20.67 19.38 310
10 2.38% 4.76% 21 19.09 210
5 4.55% 9.09% 22 18.33 110
4 5.56% 11.11% 22.50 18 90
3 7.14% 14.29% 23.33 17.50 70
2 10% 20% 25 16.67 50
1 16.67% 33.33% 30 15 30
So once d=0.98%, Specture will have 50.98% of the hashing power, allowing him to eject 1.96% of all blocks mined at will. Of course this is all statistical, so Spectre will want some margin for randomness. So it would make sense to attach 1.5% of the blocks when Spectre reaches 51%
So once Spectre reaches 51% he has enough hashing power to prevent any of Bonds blocks (1.5%) from being included. Spectre can win a reorg (statistically) every 8.5 hrs and Bond can only produce a block (statisticly) every 11.1 hours. So once this attack starts, Spectre simply flashes his promotion to lure the miners in the Bond pool (who are receiving no reward) over to the Spectre pool. If he only gets one third of them, then he can increase his influence to 52%
Doing the same math again, with 52% Spectre can ice out any pool who has up to 4% of the hashing. Then running the promotion, Spectre will try to get 40% of the "homeless miners". Now Spectre's power grows to 55% giving him the power to ice out 10% of his competitors. This can cascade on and on until Spectre is the only public pool left.
Now, at 51% the attack and reorgs take many hours, but as more and more pools get targeted, more and more miners will jump ship and end up at Spectre so long as they can hold the promotion. Bond's only choice would be to either close up, or leverage everything and mine at a loss for weeks hoping that Spectre eventually drops below the threshold for his attack.
Of course Spectre has even more tremendous expenses. To offer the 1% promo to 10% of the network would cost Spectre $1.16 million / day, or 3.52 million per month for each percent of miners it lures over. So going from 41% to 61% would cost Spectre $70.3 million / month, but at that point he can attack 20% of the network giving him a reach of about 80% which is pretty much the entire pooled mining capacity today. Seems like $70 million is a small price to pay to buy the entire bitcoin network.
Other expenses Spectre would accrue would be related to the attacks and reorgs. The early attacks will take hours and throughout Spectre needs to continue payouts to the pool even though he is generating no BTC durring the attack. So long as his chain is orphaned, his blocks have no value. Only after the attack and reorg when his chain becomes longest will he be able to claim the block reward for all the blocks he minded. This (in my opinion) will the the hardest challenge. The first attack and 25 block reorg will require Spectre to put his entire 51% hashing power on an orphaned chain for 8 hours requireing $208.6 million in payouts. Once he wins the attack and the chain reorgs he can cover his expeses with the block reward, but borrowing $208 million for 8 hours is still a very difficult thing to pull off. The interest alone on the attack is over $40,000 (20% interest compounded continually). Below is a table of the calculations
Specte Bond Promo Cost Hrs Blks Levrg / Block Reorg Leverage Rate Int Cost
51.00% 1.50% $1,155,743 8.497 25 $8,025,990 $208,675,743 20% $40,485
51.50% 2.50% $1,232,745 5.825 17 $8,025,990 $144,467,822 20% $19,215
52.50% 4.50% $1,336,143 3.492 10 $8,025,990 $88,285,891 20% $7,039
54.50% 7.50% $1,562,998 2.141 6 $8,025,990 $56,181,931 20% $2,746
58.50% 14.50% $2,023,385 1.140 3 $8,025,990 $32,103,960 20% $835
66.70% 33.30% $2,970,442 0.500 1 $8,025,990 $16,051,980 20% $183
Of course, once Spectre gets 2/3 of the hashing power he controls the entire chain since he can include or exclude any block he wants. So this "Total Self Interest" simulation of a 6 day attack puts Spectre's expenses at $10.3 million in promotions and $71,000 in interest, or about $10.4 million total.
1 - All "hashes" are hashes per second
2 - TH = 1012 or 10004 hashes per second
3 - EH = 1018 or 10006 hashes per second
4 - Assume a market rate of 0.101 USD / TH / day
5 - Assume an average daily network hashrate of 116.73 EH
submitted by brianddk to brianddk [link] [comments]

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

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

r/Bitcoin recap - July 2019

Hi Bitcoiners!
I’m back with the 31st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in July 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Bitcoin Mining- First Payout  EpicReviewGuys CC - YouTube 7 DAY$-24/HR$ - BITCOIN MINING EXPERIMENT - See How Much ... Bitcoin Miner  Automatic payouts - Payouts every week to ... Free Bitcoin Mining Faucet Earn 0.05 Miner BTCMines Highest paying rates No Minimum Payout Bitcoin Miner - Free BTC Review And Payout Rate

List of Best Bitcoin Cloud Mining Sites (updated as of 25 January 2020) When investing in bitcoins, one needs to consider finding reliable websites to mine bitcoins in the cloud and generate cryptocurrencies periodically and safely.The problem with this type of investment is making a decision and betting on a site where cryptocurrencies won’t be in danger of disappearing overnight. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools. About Antpool. Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool. Antpool is run by Bitmain Technologies Ltd., the world’s largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining ... Hash Rate Allocation. Go with the Best Bitcoin Cash Mining Pool. The two pools that can be recommended if you are looking for decentralized pools are Multipool.us and P2Pool. The next pools are validating the most of the blocks with Bitcoin Core 0.11 or later versions: BTCC is basically a China-based exchange, a wallet, and a mining pool. It ... Daily payout. Your newly mined bitcoin directly sends to your bitcoin wallet address once you reach the minimum payment threshold 0.005 BTC. Secure, High Paying & Free Fast Bitcoin Mining. It starts mining with the world's fastest and highly secured free cloud mining pool. Get reacher by joining the world's highest paying free cloud mining pool! Latest Mining Hardware with Lowest mining plans ... 8 Biggest Bitcoin Mining Pool With Best Payout And High Success Rate. Updated: June 21, 2020 / Home » Bitcoin [ Buy, Sell, Mine & Invest ] How to mine BitCoin? You can mine a BitCoin using your own computer but it will probably take years to mine (calculate) a single BitCoin, the second option is to mine BitCoin via P2P, so, How do I mine Bitcoins on my PC? Just join one of these P2P mining ...

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Bitcoin Mining- First Payout EpicReviewGuys CC - YouTube

How much can I earn? CPU Mining. Mining is very intensive for your CPU and could cause it to overheat. We are not responible for any damage caused by CPU mining. Users must take their own measures ... Bitcoin Miner - Free BTC Review And Payout Rate Mine the hottest cryptocurrency, bitcoin, right on your android powered device without any special equipment or fees. Our app mines bitcoin in our ... After two months of Bitcoin mining with our Bitmain Antminer- http://bit.ly/AntMiner we finally get our first payout. But re-doing the math I can see where w... Blockchain wallet: https://blockchain.info/fr/wallet/#/login Coinbase Wallet: https://www.coinbase.com/join/5a87ecac52a16c066e6760c3 Link: http://www.groupfa... This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generat...

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