Mining Calculator Bitcoin, Ethereum, Litecoin, Dash and Monero

Will I earn money by mining? - An answer to all newcomers

When people start their adventure with Bitcoin, they often go through a small gold fever with the concept of mining (I would know, that's how I started ;) ). Here is a small guide to answer your eternal question "will I make money with it?":
First of all, lets talk about hardware (click on the link for a long and useful list). You won't make money mining bitcoins unless you either have a really high-end GPU from ATI, an FPGA or an ASIC. That's the short answer. Having a decent CPU can be used for Litecoin mining, which can be a small income in itself, but we are here to talk about Bitcoin.
To see whether you will earn any money, you need to input a few pieces of data into a special calculator:
And then there are two magical variables that will either make it all work out, or be doomed for failure: * difficulty - it is automatically filled in by the calculator, but for long-term mining (more than a few weeks), you want to be a pessimist. Multiply the value by 10 for predictions over a few months or 100 for a year or two (it will rise steeply soon) * bitcoin price - also filled by the calculator - it might go up or down in the future, affecting your bottom line. It will probably increase in the long run, but lets be pessimistic and lower that to $10-$20 to make sure we are earning money no matter what
Having all your hard data and your guesses on the last two variables, you put it all into the mining calculator and see what you get. You will get your earnings in BTC and dollars, as well as summary of your costs and when you will brake even, and what will your net income be over your investment period.
Most likely you won't be earning money with Bitcoin mining, and that's okay - mining has become a very specialised process. If you want to invest money into new ASICs, you might be able to turn a tidy profit.
TLDR: Use this to check everything. ASICs may earn you money, GPUs won't anymore.
submitted by ThePiachu to Bitcoin [link] [comments]

Era Swap Network White Paper

Era Swap Network White Paper

Era Swap Network

White Paper



DISCLAIMER
This Whitepaper is for Era Swap Network. Its purpose is solely to provide prospective community members with information about the Era Swap Ecosystem & Era Swap Network project. This paper is for information purposes only and does not constitute and is not intended to be an offer of securities or any other financial or investment instrument in any jurisdiction.
The Developers disclaim any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in this paper, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom
Digital Assets are extremely high-risk, speculative products. You should be aware of the risks involved and fully consider before participating in Digital assets whether it’s appropriate for you. You should only participate if you are an experienced investor with sophisticated knowledge of financial markets and you fully understand the risks associated with digital assets. We strongly advise you to take independent professional advice before making any investment or participating in any way. You should check what rules and protections apply to your respective jurisdictions before investing or participating in any way. The Creators & community will not compensate you for any losses from trading, investment or participating in any way. You should read whitepaper carefully before participating and consider whether these products are right for you.

TABLE OF CONTENT

· Abstract
· Introduction to Era Swap Network
· Development Overview
· Era Swap Utility Platform
· Alpha-release Development Plan
· Era Swap Network Version 1: Specification
· Bunch Structure: 10
· Converting ES-ERC20 to ES-Na:
· Conclusion:
· Era Swap Ecosystem
· Social Links

Abstract

The early smart contracts of Era Swap Ecosystem like TimeAlly, Newly Released Tokens, Assurance, BetDeEx of Era Swap Ecosystem, are deployed on Ethereum mainnet. These smart contracts are finance-oriented (DeFi), i.e. most of the transactions are about spending or earning of Era Swap tokens which made paying the gas fees in Ether somewhat intuitive to the user (withdrawal charges in bank, paying tax while purchasing burgers) but transactions that are not token oriented like adding a nominee or appointee voting also needs Ether to be charged. As more Era Swap Token Utility platform ideas kept appending to the Era Swap Main Whitepaper, more non-financial transaction situations arise like updating status, sending a message, resolving a dispute and so on. Paying extensively for such actions all day and waiting for the transaction to be included in a block and then waiting for enough block confirmations due to potential chain re-organizations is counter-intuitive to existing free solutions like Facebook, Gmail. This is the main barrier that is stopping Web 3.0 from coming to the mainstream.
As alternatives to Ethereum, there are few other smart contract development platforms that propose their own separate blockchain that features for higher transaction throughput, but they compromise on decentralization for improving transaction speeds. Moreover, the ecosystem tools are most advancing in Ethereum than any other platform due to the massive developer community.
With Era Swap Network, the team aims to achieve scalability, speed and low-cost transactions for Era Swap Ecosystem (which is currently not feasible on Ethereum mainnet), without compromising much on trustless asset security for Era Swap Community users.

Introduction to Era Swap Network

Era Swap Network (ESN) aims to solve the above-mentioned problems faced by Era Swap Ecosystem users by building a side-blockchain on top of Ethereum blockchain using the Plasma Framework.
Era Swap Network leverages the Decentralisation and Security of Ethereum and the Scalability achieved in the side-chain, this solves the distributed blockchain trilema. In most of the other blockchains, blocks are a collection of transactions and all the transactions in one block are mined by a miner in one step. Era Swap Network will consist of Bunches of Blocks of Era Swap Ecosystem Transactions.

Decentralization

Layer 2


Scalable and Secure

A miner mines all the blocks in a bunch consequently and will commit the bunch-root to the ESN Plasma Smart Contract on Ethereum mainnet.

Development Overview
Initially, we will start with a simple Proof-of-Authority (PoA) based consensus of EVM to start the development and testing of Era Swap Ecosystem Smart Contracts as quickly as possible on the test-net. We will call this as an alpha-release of ESN test-net and only internal developers will work with this for developing smart contracts for Era Swap Ecosystem. User’s funds in a Plasma implementation with a simple consensus like PoA are still secured as already committed bunch-roots cannot be reversed.
Eventually, we want to arrive on a more control-decentralized consensus algorithm like Proof-of-Stake (PoS) probably, so that even if the chain operator shuts down their services, a single Era Swap Ecosystem user somewhere in the world can keep the ecosystem alive by running software on their system and similarly more people can join to decentralize the control further. In this PoS version, we will modify the Parity Ethereum client in such a way, that at least 50% of transaction fees collected will go to the Luck Pool of NRT Smart Contract on Ethereum mainnet and rest can be kept by miner of the blocks/bunch of blocks if they wish. After achieving such an implementation, we will release this as a beta version to the community for testing the software on their computers with Kovan ERC20 Era Swaps (Ethereum test-net).

Era Swap Decentralised Ecosystem
Following platforms are to be integrated:
  1. Era Swap Token Contract (adapted ERC20 on Ethereum) The original asset will lie on Ethereum to avoid loss due to any kind of failure in ESN.
  2. Plasma Manager Contract (on Ethereum) To store ESN bunch headers on Ethereum.
  3. Reverse Plasma Manager Contract (on ESN) Bridge to convert ES to ES native and ES native to ES. User deposits ES on Mainnet Plasma, gives proof on ESN and gets ES native credited to their account in a decentralised way.
  4. NRT Manager Contract (on Ethereum or on ESN) If it is possible to send ES from an ESN contract to luck pool of NRT Manager Contract on Ethereum, then it’s ok otherwise, NRT Manager will need to be deployed on ESN for ability to add ES to luck pool.
  5. Era Swap Wallet (React Native App for managing ESs and ES natives) Secure wallet to store multiple private keys in it, mainly for managing ES and ES native, sending ES or ES native, also for quick and easy BuzCafe payments.
  6. TimeAlly (on Ethereum or on ESN) On whichever chain NRT Manager is deployed, TimeAlly would be deployed on the same chain.
  7. Assurance (on Ethereum or on ESN) On whichever chain NRT Manager is deployed, TimeAlly would be deployed on the same chain.
  8. DaySwappers (on ESN) KYC manager for platform. For easily distributing rewards to tree referees.
  9. TimeSwappers (on ESN) Freelance market place with decentralised dispute management.
  10. SwappersWall (on ESN) Decentralised social networking with power tokens.
  11. BuzCafe (on ESN) Listing of shops and finding shops easily and quick payment.
  12. BetDeEx (on ESN) Decentralised Prediction proposals, prediction and results.
  13. DateSwappers (on ESN) Meeting ensured using cryptography.
  14. ComputeEx (on Ethereum / centralised way) Exchange assets.
  15. Era Swap Academy (on ESN / centralised way) Learn. Loop. Leap. How to implement ES Academy is not clear. One idea is if content is constantly being modified, then subscription expired people will only have the hash of old content while new content hash is only available to people who have done Dayswapper KYC and paid for the course. Dayswapper KYC is required because this way people won’t share their private keys to someone else.
  16. Value of Farmers (tbd) The exchange of farming commodities produced by farmers in VoF can be deposited to warehouses where the depositors will get ERC721 equivalent tokens for their commodities (based on unique tagging).
  17. DeGameStation (on ESN) Decentralised Gaming Station. Games in which players take turns can be written in Smart Contract. Games like Chess, Poker, 3 Patti can be developed. Users can come to DeGameStation and join an open game or start a new game and wait for other players to join.

Alpha-release Development Plan
  1. Deploying Parity Node customized according to Era Swap Whitepaper with PoA consensus.
  2. Setting up Plasma Smart Contracts.
  3. Creating a bridge for ERC20 Swap from Ethereum test-net to ESN alpha test-net.

Alpha Version
Era Swap Network Version 1 : Specification
The Version 1 release of ESN plans to fulfill the requirements for political decentralisation and transparency in dApps of Era Swap Ecosystem using Blockchain Technology. After acquiring sufficient number of users, a version 2 construction of ESN will be feasible to enable administrative decentralization, such that the Era Swap Ecosystem will be run and managed by the Era Swap Community and will no longer require the operator to support for it's functioning.
Era Swap Network (ESN) Version 1 will be a separate EVM-compatible sidechain attached to Ethereum blockchain as it’s parent chain. ESN will achieve security through Plasma Framework along with Proof-of-Authority consensus for faster finality. The idea behind plasma framework is to avoid high transaction fees and high transaction confirmation times on Ethereum mainnet by instead doing all the ecosystem transactions off-chain and only post a small information to an Ethereum Smart Contract which would represent hash of plenty of ecosystem transactions. Also, to feature movement of Era Swap Tokens from Ethereum blockchain to ESN using cryptographic proof, reverse plasma of Ethereum on ESN will be implemented.
Also, submitting hash of each ESN blocks to ESN Plasma Smart Contract on Ethereum would force ESN to have a block time equal to or more than Ethereum’s 15 second time as well as it would be very much costly for operator to post lot of hashes to an Ethereum Smart Contract. This is why, merkle root of hashes of bunch of blocks would instead be submitted to ESN Plasma Smart Contact on Ethereum.
Actors involved in the ESN:
  1. Block Producer Nodes Lesser the number of nodes, quicker is the block propagation between block producers which can help quick ecosystem transactions. We find that 7 block producers hosted on different could hosting companies and locations reduces the risk of single point of failure of Era Swap Ecosystem and facilitates 100% uptime of dApps. Block Producer Nodes will also be responsible to post the small information to the Blockchain.
  2. Block Listener Nodes Rest of the nodes will be Block Listeners which will sync new blocks produced by the block producer nodes. Plenty of public block listener nodes would be setup in various regions around the world for shorter ping time to the users of Era Swap Ecosystem. Users would submit their Era Swap Ecosystem transactions to one of these public nodes, which would relay them to rest of the Era Swap Network eventually to the block producer nodes which would finalize a new block including the user transaction.
  3. Bunch Committers This will be an instance in the block producers which will watch for new blocks confirmed on ESN and will calculate bunch merkle roots and will submit it to ESN Plasma Smart Contract. This instance will also post hash of new Ethereum blocks to ESN (after about 10 confirmations) for moving assets between both the blockchain.
  4. Users These will be integrating with dApps which would be connected to some public ESN nodes or they can install a block listner node themselves. They can sign and send transactions to the node which they are connected to and then that node will relay their transactions to block producer nodes who would finalise a block including their transaction.

Bunch Structure

A Bunch Structure in Smart Contract will consist of the following:
• Start Block Number: It is the number of first ESN block in the bunch.
• Bunch Depth: It is Merkle Tree depth of blocks in the bunch. For e.g. If bunch depth is 3, there would be 8 blocks in the bunch and if bunch depth is 10, there would be 1024 blocks in the bunch. Bunch depth of Bunches on ESN Plasma Contract is designed to be variable. During the initial phases of ESN, it would be high, for e.g. 15, to avoid ether expenditure and would be decreased in due course of time.
• Transactions Mega Root: This value is the merkle root of all the transaction roots in the bunch. This is used by Smart Contract to verify that a transaction was sent on the chain.
• Receipts Mega Root: This value is the merkle root of all the receipt roots in the bunch. This is used to verify that the transaction execution was successful.
• Timestamp: This value is the time when the bunch proposal was submitted to the smart contract. After submission, there is a challenge period before it is finalised.

Converting ES-ERC20 to ERC-NA and BACK

On Ethereum Blockchain, the first class cryptocurrency is ETH and rest other tokens managed by smart contracts are second class. On ESN, there is an advancement to have Era Swaps as the first class cryptocurrency. This cryptocurrency will feature better user experience and to differentiate it from the classic ERC20 Era Swaps, it will be called as Era Swap Natives (ES-Na). According to the Era Swap Whitepaper, maximum 9.1 Million ES will exist which will be slowly released in circulation every month.
Era Swaps will exist as ES-ERC20 as well as in form of ES-Na. One of these can be exchanged for the other at 1:1 ratio.
Following is how user will convert ES-ERC20 to ES-Na:
  1. User will give allowance to a Deposit Smart Contract, and following that call deposit method to deposit tokens to the contract.
  2. On transaction confirmation, user will paste the transaction hash on a portal which will generate a Proof of Deposit string for the user. This string is generated by fetching all the transactions in the Ethereum Block and generating a Transaction Patricia Merkle Proof to prove that user’s transaction was indeed included in the block and the Receipts Patricia Merkle Proof to confirm that the user’s transaction was successful.
  3. Using the same portal, user will submit the generated proofs to a Smart Contract on ESN, which would release funds to user. Though, user will have to wait for the Etheruem block roots to be posted to ESN after waiting for confirmations which would take about 3 minutes. Once, it’s done user’s proofs will be accepted and will receive exact amount of ES- Na on ESN.
Following is how user will convert ES-Na to ES-ERC20:
  1. ES-Na being first class cryptocurrency, user will simply send ES-Na to a contract.
  2. User will paste the transaction hash on a portal which will generate a Proof of Deposit for the user. Again ES-Na being first class cryptocurrency, Transaction Patricia Merkle Proof is enough to prove that user’s transaction was indeed included in the block. Another thing which will be generated is the block inclusion proof in the bunch.
  3. User will have to wait for the bunch confirmation to the Plasma Smart Contract and once it’s done, user can send the proof to the Plasma Smart Contract to receive ES-ERC20.

HARD Exit

Since the blocks are produced and transactions are validated by few block producers, it exposes a possibility for fraud by controlling the block producer nodes. Because ESN is based on the Plasma Model, when failure of sidechain occurs or the chain halts, users can hard exit their funds directly from the Plasma Smart Contract on Ethereum by giving a Proof of Holdings.

HOld ES Tokens Swapping with New ES Tokens

The old ES Tokens will be valueless as those tokens will not be accepted in ESN because of NRT (New Released Tokens) and TimeAlly contracts on mainnet which is causing high gas to users, hence reducing interactions. Also, there was an event of theft of Era Swap Tokens and after consensus from majority of holders of Era Swap Tokens; it was decided to create a new contract to reverse the theft to secure the value of Era Swap Tokens of the community. Below is the strategy for swapping tokens:
TimeAlly and TSGAP: Majority of Era Swap Community have participated in TimeAlly Smart Contract in which their tokens are locked for certain period of time until which they cannot move them. Such holders will automatically receive TimeAlly staking of specific durations from the operator during initialization of ESN.
Liquid Tokens: Holders of Liquid Era Swap Tokens have to transfer the old tokens to a specified Ethereum wallet address managed by team. Following that, team will audit the token source of the holder (to eliminate exchange of stolen tokens) and send new tokens back to the wallet address.

Post-Genesis Tokens Return Program

Primary asset holding of Era Swap tokens will exist on Ethereum blockchain as an ERC20 compatible standard due to the highly decentralised nature of the blockchain. Similar to how users deposit tokens to an cryptocurrency exchange for trading and then withdraw the tokens back, users will deposit tokens to ESN Contract to enter Era Swap Ecosystem and they can withdraw it back from ESN Contract for exiting from ecosystem network. The design of the token system will be such that, it will be compatible with the future shift (modification or migration of ESN version 1) to ESN version 2, in which an entirely new blockchain setup might be required.
To manage liquidity, following genesis structure will be followed:

Holder ES-ERC20 ES-Na
Team Wallet 1.17 billion (Circulating Supply) 0
Locked in Smart Contract 7.93 billion (pending NRT releases) 9.1 billion
Though it looks like there are 9.1 * 2 = 18.2 Billion ES, but the cryptographic design secures that at any point in time at least a total of 9.1 billion ES (ES-ERC20 + ES-Na) will be locked. To unlock ES-Na on ESN, an equal amount of ES-ERC20 has to be locked on Ethereum and vice-versa.
9.1 billion ES-ERC20 will be issued by ERC20 smart contract on Ethereum Blockchain, out of which the entire circulating supply (including liquid and TimeAlly holdings) of old ES will be received to a team wallet.
TimeAlly holdings of all users will be converted to ES-Na and distributed on ESN TimeAlly Smart Contract by team to the TimeAlly holders on their same wallet address.
Liquid user holdings will be sent back to the users to the wallet address from which they send back old ES tokens (because some old ES are deposited on exchange wallet address).
ES-Na will be issued in the genesis block to an ESN Manager Smart Contract address. It will manage all the deposits and withdrawals as well as NRT releases.

Attack Vectors


Following are identified risks to be taken care of during the development of ESN:
Network Spamming: Attackers can purchase ES from the exchange and make a lot of transactions between two accounts. This is solved by involving gas fees. A setting of 200 nanoES minimum gas price will be set, which can be changed as per convenience.
DDoS: Attackers can query public nodes for computationally heavy output data. This will overload the public node with requests and genuine requests might get delayed. Block producers RPC is private, so they will continue to produce blocks. To manage user’s denial of service, the provider in dApps needs to be designed in such a way such that many public nodes will be queried simple information (let’s say latest block number) and the one which response quickly to user will be selected.
AWS is down: To minimize this issue due to cloud providers down, there will be enough nodes on multiple cloud providers to ensure at least one block producer is alive.
User deposit double spending: User deposits ES on Ethereum, gets ES-Na on ESN. Then the issue happens that there are re-org on ETH mainnet and the user’s transaction is reversed. Since ETH is not a fixed chain and as per PoW 51% attack can change the blocks. As Ethereum is now enough mature and by statistics forked blocks are at most of height 2. So it is safe to consider 15 confirmations.
Exit Game while smooth functioning: User starts a hard exit directly from Plasma Smart Contract on Ethereum, then spends his funds from the plasma chain too. To counter this, the exit game will be disabled, only when ESN halts, i.e. fails to submit block header within the time the exit game starts. This is because it is difficult to mark user’s funds as spent on ESN.
Vulnerability in Ecosystem Smart Contracts: Using traditional methods to deploy smart contracts results in a situation where if a bug is found later, it is not possible to change the code. Using a proxy construction for every ecosystem smart contract solves this problem, and changing a proxy can be given to a small committee in which 66% of votes are required, this is to prevent a malicious change of code due to compromising of a single account or similar scenario.
ChainID replay attacks: Using old and traditional ways to interact with dApps can cause loss to users, hence every dApp will be audited for the same.

Conclusion

Era Swap Network is an EVM-compatible sidechain attached to the Ethereum blockchain through Plasma Framework. This allows off-chain processing of Era Swap Ecosystem transactions and posting only the hash of the bunch to Ethereum. This greatly reduces the high network fee and confirmation time issues faced by the current Era Swap Ecosystem DApps deployed on Ethereum. Also, having a separate EVM-compatible blockchain tailored to Era Swap Ecosystem improves the user experience to a higher extent. Since by design, Plasma Framework makes the Era Swap Network as secure as the Ethereum Network, user's funds on the network would be secure as well.
We believe Era Swap Network will help scale dApps of Era Swap Ecosystem to onboard the increasing numbers of users.


Era Swap Ecosystem
Era Swap Ecosystem consist of multiple interlinked platforms which is powered by Era swap (ES) token, a decentralized utility token to be used on below utility platforms. Users can access the Platforms through Era Swap Life which is the Single Sign on (SSO) gateway to the one world of Era Swap Ecosystem.
Era Swap Life: https://eraswap.life/
TimeAlly DApp -> Decentralized Token Vesting: https://www.timeally.io/
BetDeEx -> Decentralized prediction platform: https://www.betdeex.com/
Swappers Wall -> Social Time Ledgerise: https://timeswappers.com/swapperswall
TimeSwappers -> Global P2P marketplace: https://timeswappers.com/
BuzCafe -> Connects local P2P outlets: https://buzcafe.com/
DaySwappers -> Unique Affiliate Program: https://dayswappers.com/
Era Swap Academy -> E-mart for skill development: https://eraswap.academy/
Value of Farmers (VOF) -> Farming ecosystem: http://valueoffarmers.org/ coming soon
ComputeEx -> P2P lending and borrowing: https://computeex.net/ coming soon
DateSwappers -> Next gen dating: coming soon
Smart Contract address

Era Swap Token (ES)
https://etherscan.io/address/0xef1344bdf80bef3ff4428d8becec3eea4a2cf574#code

Newly Released Token (NRT) https://etherscan.io/address/0x20ee679d73559e4c4b5e3b3042b61be723828d6c#code

TimeAlly DApp
https://etherscan.io/address/0x5630ee5f247bd6b61991fbb2f117bbeb45990876#code

BetDeEx DApp https://etherscan.io/address/0x42225682113E6Ed3616B36B4A72BbaE376041D7c#code
TSGAP DApp
https://etherscan.io/address/0xbad9af4db5401b7d5e8177a18c1d69c35fc03fd3#code

White Paper
Era Swap Whitepaper: https://eraswaptoken.io/pdf/eraswap_whitepaper.pdf
Era Swap Light Paper: https://eraswaptoken.io/pdf/eraswap_lightpaper.pdf

Howey Test
Howey Test: https://eraswaptoken.io/era-swap-howey-test-letter-august7-2018.php

Era Swap SOCIAL LINKS
Telegram: https://t.me/eraswap
Twitter: https://twitter.com/eraswaptec
Facebook: https://www.facebook.com/eraswap/
Instagram: https://www.instagram.com/eraswap/
BitcoinTalk: https://bitcointalk.org/index.php?topic=5025979.msg45502457
Youtube: https://www.youtube.com/channel/UCGCP4f5DF1W6sbCjS6y3T1g
LinkedIn: https://www.linkedin.com/company/eraswap/
Reddit: https://www.reddit.com/useEraSwap
Medium: https://medium.com/@eraswap
Tumblr: https://eraswap.tumblr.com/
Mix: https://mix.com/eraswap
Pinterest: https://www.pinterest.com/eraswapt/
GitHub: https://github.com/KMPARDS/EraSwapSmartContracts
submitted by EraSwap to u/EraSwap [link] [comments]

What's the difference between Litcoin and Bitcoin?

In 2009, Satoshi Nakamoto launched bitcoin as the world’s first cryptocurrency. The code is open source, which means it can be modified by anyone and freely used for other projects. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success.
Litecoin was announced in 2011 with the goal of being the ‘silver’ to bitcoin’s ‘gold’. At the time of writing, Litecoin has the highest market cap of any mined cryptocurrency, after bitcoin.
Here’s our guide to show you the crucial difference between bitcoin and litecoin.
Mining differences
Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin. The key difference for end-users being the 2.5 minute time to generate a block, as opposed to bitcoin’s 10 minutes. Charles Lee now works for Coinbase, one of the most popular online bitcoin wallets.
ASIC Mining
For miners and enthusiasts though, litecoin holds a much more important difference to bitcoin, and that is its different proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ASIC technology, and has caused an exponential increase in bitcoin’s difficulty level.
Litecoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as ‘script’. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a ‘memory hard problem‘.
The consequences of using scrypt mean that there has not been as much of an ‘arms race’ in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm. However, this is soon to change, thanks to companies like Alpha Technologies, which is now taking preorders.
GPU mining
To highlight the difference in hashing power, at the time of writing, the total hashing rate of the bitcoin network is over 20,000 Terra Hashes per second, while litecoin is just 95,642 Mega Hashes per second.
For the time being, ‘state of the art’ litecoin mining rigs come in the form of custom PCs fitted with multiple graphics cards (ie: GPUs). These devices can handle the calculations needed for scrypt and have access to blisteringly fast memory built into their own circuit boards.
There was a time when people could use GPU mining for bitcoin, but ASICs have made this method not worth the effort.
If you are a developer, cryptocurrency investor, or just a curious person and want to invest some time to learn about cryptocurrency visit BTCNEWZ
Transaction differences
The main difference is that litecoin can confirm transactions must faster than bitcoin. The implications of that are as follows:
Transaction speed (or faster block time) and confirmation speed are often touted as moot points by many involved in bitcoin, as most merchants would allow zero-confirmation transactions for most purchases. It is necessary to bear in mind that a transaction is instant, it is just confirmed by the network as it propagates.
submitted by alifkhalil469 to BtcNewz [link] [comments]

Possible to customize SCCM Malware Alert email with Service Manager?

Currently, when a machine gets an infection, or infection is found, SCCM creates an alert, which in turn creates a ticket in Service Manager. Problem is, when the tickets are created, if say 2 or more machines get infected at the same time, SCCM/Service manager is combining the data into a single ticket.
EX:
System Center Endpoint Protection has detected malware on one or more computers in your organization Collection name: All Workstations and Laptops in Collection w/Excludes Malware Name: PUA:Win32/Spigot Number of infections: 1 Last detection time(UTC time): 1/28/2018 11:17:36 PM These are the infections of this malware: 1. Computer name: PCONE.domain.com Domain: domain Detection time(UTC time): 1/28/2018 11:17:36 PM Malware file path: containerfile:_C:\Users\xxxxx\Downloads\Setup_FLVConverter.exe;file:_C:\Users\xxxxx\Downloads\Setup_FLVConverter.exe->(nsis-6-€);webfile:_c:\ProgramData\Microsoft\Microsoft Antimalware\LocalCopy\{81F1022F-868B-4027-ABDA-28910ED23F34}-Setup_FLVConverter.exe|http://www.flv.com/appli/Setup_FLVConverter.exe;webfile:_C:\Users\dgreen3\Downloads\Setup_FLVConverter.exe|http://www.flv.com/appli/Setup_FLVConverter.exe Remediation action: NoAction Action status: Succeeded Malware Name: Trojan:Win32/Detplock Number of infections: 1 Last detection time(UTC time): 1/28/2018 11:13:50 AM These are the infections of this malware: 1. Computer name: PCTWO.domain.com Domain: domain Detection time(UTC time): 1/28/2018 11:13:50 AM Malware file path: file:_C:\Users\xxxxxxx\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.IE5\144O4U18\jquery.themepunch.revolution.min[1].js Remediation action: Remove Action status: Succeeded Malware Name: Trojan:Win32/Skeeyah.A!bit Number of infections: 1 Last detection time(UTC time): 1/28/2018 7:20:45 AM These are the infections of this malware: 1. Computer name: PCTHREE.domain.com Domain: domain Detection time(UTC time): 1/28/2018 7:20:45 AM Malware file path: file:_C:\Users\xxxxxxx\AppData\Local\Google\Chrome\User Data\Default\Cache\f_008f76 Remediation action: Remove Action status: Succeeded To view further information about malware activity in your organization, run Malware Details Report. Note: No additional Malware Detection alerts will be generated for these computers if no new infections are found in the next 24 hours. 
Even later, if a 4th PC comes in as infected, it will take this current information and append the newest PC to the top of the list. Almost like it's trying to fill up the allowed character space in the Description text box for the ticket.
In some instances, if only one machine comes through that has an infection, the ticket will have only information related to that machine.
System Center Endpoint Protection has detected malware on one or more computers in your organization Collection name: All Workstations and Laptops in Collection w/Excludes Malware Name: Trojan:Win32/Dynamer!rfn Number of infections: 1 Last detection time(UTC time): 1/2/2018 2:20:54 AM These are the infections of this malware: 1. Computer name: INFECTEDPC.domain.com Domain: domain Detection time(UTC time): 1/2/2018 2:20:54 AM Malware file path: file:_C:\Users\xxxxxx\Desktop\MEDIA\BitCoin PD\Bitcoin Mega Pack [July - Aug 2017]\Simple Mining Calculator.exe Remediation action: Remove Action status: Succeeded To view further information about malware activity in your organization, run Malware Details Report. Note: No additional Malware Detection alerts will be generated for these computers if no new infections are found in the next 24 hours. 
Even in some instances, if multiple infections are found on the same machine, the ticket will reflect only that. As it's the only one to come through at the time.
System Center Endpoint Protection has detected malware on one or more computers in your organization Collection name: All Workstations and Laptops in Collection w/Excludes These are the infections of this malware: 1. Computer name: PCONE.domain.com Domain: domain Detection time(UTC time): 9/23/2018 4:28:42 PM Malware file path: containerfile:_C:\Users\xxxxxx\Desktop\MASTERY\TECH MASTERY\BlockChain_BitCoin Ebooks\NiceHashMiner_v1.7.5.12.rar;file:_C:\Users\xxxxxx\Desktop\MASTERY\TECH MASTERY\BlockChain_BitCoin Ebooks\NiceHashMiner_v1.7.5.12.rar->NiceHashMiner_v1.7.5.12\cpuid.dll;file:_C:\Users\xxxxxx\Desktop\MASTERY\TECH MASTERY\BlockChain_BitCoin Ebooks\NiceHashMiner_v1.7.5.12.rar->NiceHashMiner_v1.7.5.12\CudaDeviceDetection.exe;file:_C:\Users\xxxxxx\Desktop\MASTERY\TECH MASTERY\BlockChain_BitCoin Ebooks\NiceHashMiner_v1.7.5.12 Remediation action: NoAction Action status: Succeeded Malware Name: Trojan:Win32/Tiggre!rfn Number of infections: 1 Last detection time(UTC time): 9/23/2018 4:28:12 PM These are the infections of this malware: 1. Computer name: PCONE.domain.com Domain: domain Detection time(UTC time): 9/23/2018 4:28:12 PM Malware file path: containerfile:_C:\Users\xxxxxx\Desktop\MASTERY\TECH MASTERY\BlockChain_BitCoin Ebooks\NiceHashMiner_v1.7.5.12.rar;file:_C:\Users\xxxxxx\Desktop\MASTERY\TECH MASTERY\BlockChain_BitCoin Ebooks\NiceHashMiner_v1.7.5.12.rar->NiceHashMiner_v1.7.5.12\NiceHashMiner.exe Remediation action: NoAction Action status: Succeeded To view further information about malware activity in your organization, run Malware Details Report. 
What I am looking to get is one ticket PER computer that comes through as infected or having an infection. The only time they should be grouped is if it's the same computer with multiple instances, as in the last example.
I was advised that SCOM would handle this. However when I reached out to our Server Ops team, the manager there said that it was SCCM that creates the alerts and triggers the emails to Service Manager. So with that being said, is it possible to configure SCCM and/or Service manager in combination to create one ticket per machine without appending the data for another machine into it?
submitted by outerlimtz to SCCM [link] [comments]

Nice Article About How HPB Perform Vs EOS (and so ETH)

HPB: Unique Blockchain Infrastructure
Now most public chains will mention that the problem of tps development is the problem of the blockchain. This is also because the traditional blockchain has the problem of poor performance. In order to reach consensus, the efficiency is sacrificed. But if you want to build an ecosystem of countless DAPPs based on the public chain, there is no guarantee of performance that is almost impossible.
The dream of building a DAPP ecosystem is that Bitcoin has not been completed and it is not necessary to complete it. Bitcoin is only a digital currency and it has initially fulfilled its historical mission. It has become a value storer, and it has opened the world of the blockchain. .
Ethereum started with the goal of building a world-wide computer that provided the infrastructure for building decentralized applications, but so far it has only succeeded in the crowdfunding field. Due to performance, cost, scalability, and other issues, it is not yet possible to become a DAPP infrastructure. By the end of 2017, a simple encrypted cat game would have caused Ethereum to jam. Ethereum tried to get rid of the predicament through techniques such as fragmentation, Plasma, and PoS consensus.
Newcomers, such as EOS, are highlighting their high performance, emphasizing the possibility of reaching mega-level tps. Then, in the future, an infrastructure is needed to build a prosperous DAPP ecosystem on this decentralized infrastructure to meet the user or business needs of different scenarios.
What kind of program is a better choice? This is what blue fox has been paying attention to. Blue Fox focuses on an HPB blockchain project that uses a completely different search path than other public chains or infrastructure. This path is worth paying attention to all the buddies who pay attention to the blockchain.
This path is a combination of hardware and software. It is more demanding and the practice is more difficult. However, if it is truly grounded, it may be a good path.
HPB to become a high-performance blockchain infrastructure
Whether HPB or EOS have the same goals, they must provide a high-performance infrastructure for the decentralized ecosystem. why? Mainly from the blockchain to the mainstream business scene point of view. The current blockchain has achieved some success in security and decentralization, but there are natural constraints in terms of efficiency. This hinders its application scenario to the mainstream.
This is also a direction that Blockchain 3.0 has been exploring. Through higher performance, lower costs, and better scalability to meet the needs of more decentralized application scenarios.
The current bitcoin and Ethereum's throughput are both worrying. Bitcoin supports about 7 transactions per second on average, and Ethereum has about 15 throughputs. If you make the block bigger, you can also increase the throughput, but it will cause the problem of block bloat. Last year, an encrypted cat game made everyone see the blockchain congestion problem. From a performance point of view, it takes a long time for blockchains to reach the mainstream.
In addition to the lack of tps performance, the transaction cost of the blockchain is high. Both ordinary users and developers cannot afford gas costs that are too high. For example, before Ethereum's crypto-games became hot, there were even transaction fees compared to encrypted cats. It is also expensive.
The HPB and EOS goals are similar, but their paths are completely different. HPB uses a combination of hardware and software, has its own dedicated chip hardware server, which makes it theoretically have higher performance.
HPB is also trying to create an operating system architecture that can build applications. This architecture includes accounts, identity and authorization management, policy management, databases, asynchronous communications, program scheduling on CPUs, FPGAs, or clusters, and hardware accelerated technology. Realizes low delay and high concurrency and realizes mega-level tps to meet the needs of commercial scenarios.
It is different from EOS. Its architecture, in addition to its software architecture and its hardware architecture, is a combination of hardware and software blockchain architecture that combines high-performance computing and cloud computing concepts. The hardware system includes a distributed core node composed of high performance computing hardware, a general communication network, and a cloud terminal supported by high performance computing hardware.
The core node supports a standard blockchain software architecture, including consensus algorithms, network communications, and task processing. It also introduces a hardware acceleration engine. It works with software to achieve high-performance tps through BOE technology (Blockchain Offload Engine) and consensus algorithm acceleration, data compression, and data encryption.
BOE makes HPB unique
In the HPB's overall architecture, compared with other blockchain infrastructures, there are obvious differences. One of the important points is its BOE technology.
BOE mentioned above, is the blockchain offload engine. The BOE engine includes BOE hardware, BOE firmware, and matching software systems. It is a heterogeneous processing system that achieves high performance and high concurrent computational acceleration by combining CPU serial capabilities with the parallel processing capabilities of the FPGA/ASIC chip.
In the process of parsing TCP packets and UDP packets, the BOE module does not need to participate in the CPU, which can save CPU resources. The BOE module performs integrity checking, signature verification, and account balance verification on received messages such as transactions and blocks, performs fragment processing on large data to be transmitted, and encapsulates the fragments to ensure the integrity of received data. At the same time, statistics work will be performed according to the received traffic of the TCP connection, and corresponding incentives will be provided according to the system contribution.
BOE has played its own role in signature verification speed, encryption channel security, data transmission speed, network performance, and concurrent connections.
The BOE acceleration engine embeds the ECDSA module. The main purpose of this module is to improve the speed of signature verification. ECDSA is also an elliptic curve digital signature algorithm. Although it is a mature algorithm that is widely used at present, the pure software method can only be performed thousands of times per second and cannot meet the high performance requirements. So the combination of BOE and ECDSA is a good attempt.
In the process of data transmission between different nodes, BOE needs to establish an encrypted channel. In this process, it uses a hardware random number generator to implement the security of the encrypted channel, because the seed of the random number of the key exchange becomes unpredictable.
The BOE acceleration engine also uses block data fragmentation broadcasting technology. Block fragmentation includes a complete block header, which facilitates the broadcast of newly generated blocks to all nodes. With block data fragmentation, network data can be quickly transmitted between different nodes.
The BOE technology can perform traffic statistics of node connections based on hardware, and can calculate network bandwidth data provided by different nodes. Only providing network bandwidth to the system will have the opportunity to become a high contribution value node. In this way, incentives for the contribution of the nodes are provided.
In terms of concurrency, BOE is expected to maintain more than 10,000 TCP sessions and handle 10,000 concurrent sessions through an acceleration engine. BOE's dedicated parallel processing hardware replaces the traditional software serial processing functions such as transaction data broadcasting, unverified blockwide network broadcasting, transaction confirmation broadcasting, and the like.
According to HPB estimates, through the BOE acceleration engine, the session response speed and the number of session maintenance can reach more than 100 times the processing power of the common computing platform node. If the actual environment can be achieved, it is a very significant performance improvement.
Consensus algorithm for internal and external bi-level elections
HPB not only significantly improves performance through BOE, but also adopts a dual-layer internal and external voting mechanism in consensus algorithms. It attempts to achieve more efficient consensus efficiency on the premise of ensuring security and privacy.
Outer election refers to the selection of high-contribution-value node members from many candidate nodes, and the election will use node contribution value evaluation indicators. Inner-layer election refers to an anonymous voting mechanism based on a hash queue. When a block is generated, it calculates which high-contribution value node preferentially generates a block. Nodes with high priority have the right to generate blocks preferentially.
So, how to choose high contribution value node? Here is the first indicator to evaluate the contribution value. The indicators include whether a BOE acceleration engine is configured, network bandwidth contribution (data throughput over a fixed period of time), reputation, and total node token holding time. Among them, the creditworthiness of the node is obtained through the analysis of participating transactions and data analysis such as packaged blocks and transaction forwarding. The total holding time of the node token can be obtained by real-time statistics on the account information.
The outer election adopts an adaptive and consistent election plan. That is, by maintaining the consistency of “books” to ensure the consistency of outer elections, this can reduce network synchronization, and can also use the data of each node on the chain. The first is to put the above-mentioned four evaluation indicators into the block. By keeping the account books consistent, you can calculate the current ranking of all the participating candidate nodes. The higher-ranking high-contribution value nodes will become the official high contribution in the next round. Value node.
With the formal high contribution value node, the goal of the inner election is to find the high contribution value node corresponding to each block as soon as possible. The entire process is divided into three phases: nominations, statistics, and calculations. These three phases combine security, privacy, and performance.
The first is the nomination. At the beginning of the voting period, the BOE acceleration engine generates a random Commit. The high contribution value node submits its Commit, and the Commit synchronizes with the chain generated by the high-performance node. After the voting period is over, the Commit in the blockchain is started and the ticket pool is created. The last is the calculation. The calculation is mainly based on the weight algorithm to calculate the node's generation priority in the block. Generate the highest-priority high-contribution value node and obtain the block package right.
Other nodes can verify the random number and address signature according to the principle of verifiable random function, which not only guarantees security, but also guarantees the unpredictability and privacy of high contribution value nodes.
In general, HPB's consensus algorithm combines security, privacy, and speed through a combination of hardware and software. Using the BOE acceleration engine to generate random numbers, contribution value evaluation indicators, coherence ledgers, anonymous voting mechanisms, weight algorithms, signature verification, etc., privacy, reliability, security, and high efficiency are achieved.
Universal virtual machine design: support for different blockchains
The HPB virtual machine adopts a plug-in design mechanism and can support multiple virtual machines. It can implement the combination of the underlying virtual machine and upper level program language translation and support, and support the basic application of virtual machines. In addition, the external interface of the virtual machine can be realized through customized API operations, which can interact with the account data and external data.
The advantage of this mechanism is that it can realize the high performance of native code execution when the smart contract runs, and it can also implement the common virtual machine mechanism supporting different blockchains. For example, it can support Ethereum virtual machine EVM. The smart contract on EVM can also be used on HPB.
Neo's virtual machine NeoVM can also be used on HPB. When high-performance scenarios are needed, users of both EVM and NeoVM need only a few adaptations to interact with other HPB applications.
The HPB smart contract has also made some improvements, such as the management of the life cycle, auditing and forming a common template. No progress can realize the full lifecycle management of smart contracts, such as the complete and controllable process management and integration rights management mechanism for intelligent contract submission, deployment, use, and logout.
In smart contract auditing, HPB conducts a protective audit that combines automated tool auditing with professional code design. In terms of templates, HPB gradually formed a generic smart contract template to support the flexible configuration of various common business scenarios.
Incentives for a positive cycle of token economy
When the high-contribution value node generates a block, it will receive a token reward from the system. From the design of the HPB, the system will issue a token of no more than 6% per year, and the additional token will be proportional to the total number of high-contribution nodes and candidate nodes.
In order to obtain the token reward from the system, it must first become a high contribution value node, and only the high contribution value node has the right to generate a block.
In order to obtain the right to generate a block, it is necessary to contribute, including holding a certain number of HPB tokens, having a BOE hardware acceleration engine, and contributing network bandwidth to the system.
From its mechanism, we can see that HPB's token economic system design is considered from the formation of a positive incentive system. It maintains the overall HPB system by holding the HPB token, having a BOE hardware acceleration engine, and contributing network bandwidth to the system. safe operation.
HPB landing: supports a variety of high-frequency scenes
In essence, HPB is a high-performance blockchain platform and is an infrastructure where various blockchain applications can be explored. Including blockchain finance, blockchain games, blockchain entertainment, blockchain big data, blockchain anti-fake tracking, blockchain energy and many other fields.
In terms of finance, decentralized lending, decentralized asset management, etc. can all be built on the HPB platform to meet high-frequency lending and transaction scenarios.
In terms of games, although all game operations are not practical, the up-chaining and trading of assets such as game props are important scenes. Once the realization of the game product chain, you can ensure that the game assets are transparent, unique, can not be tampered with, never disappeared, etc., providing great convenience for the transaction between the game products.
Compared with traditional centralized service providers, there are many advantages. For example, there is no need to worry about the loss, confiscation, or change of virtual game products. The transaction process is also simple and convenient. Since HPB has a high-performance blockchain, it is expected to support millions of concurrents, and many high-frequency scenarios can also be satisfied.
For blockchain entertainment, it can support the securitization of star assets, such as star-related token assets. In terms of blockchain big data, it can support the data right, ensure that the data owner controls the data ownership, ensure the authenticity of the data, traceability, can not be modified, and finally realize data transactions according to the needs of different entities. , to ensure personal privacy and data security.
Based on HPB's blockchain infrastructure, based on its high performance, blockchain applications can be built in multiple scenarios. The HPB design provides a blockchain application program interface and application development package. In the HPB blockchain base layer, it provides blockchain data access and interactive interfaces, and supports various applications and development languages ​​using JSON-RPC and RESTful APIs. It also supports multi-dimensional blockchain data query and transaction submission, and the interactive access interface can be integrated with the privilege control system.
The application development package includes comprehensive functional service packages that operate on blockchains based on different development languages. For example, it provides functional interfaces such as encryption, data signature, and transaction generation, and can seamlessly support integration and function expansion of various language service systems. , supports multiple language SDKs such as Java, JavaScript, Ruby, Python, and .NET.
Conclusion
If the future blockchain wants to enter the mainstream population, it must have high-performance public-chain or infrastructure support to form a true application ecosystem. Ethereum's dream to build a decentralized ecosystem cannot be achieved on an existing basis. Ethereum is trying to improve performance and expand scalability through fragmentation, plasma, and pos consensus mechanisms.
At the same time, the current status quo has also spawned other public-linked efforts, including eos, HPB, etc. Among them, HPB has adopted a unique combination of hardware and software, dedicated BOE hardware acceleration, signature verification speed, encryption channel security, data transmission Speed, network performance, and high concurrent support all have their own advantages over simple software solutions.
In the software architecture, consensus algorithms for internal and external elections, flexible virtual machine design, application program interfaces, and development packages are also used to provide infrastructure for the development of blockchain application scenarios.
From the overall design of HPB, its goal is to provide high-performance infrastructure for the entire blockchain to mainstream people. With a high-performance infrastructure, blockchains can only be implemented in many high-frequency scenarios to create more application ecosystems and have the opportunity to reach mainstream people.
The HPB team focused on the technical background, including the founder Wang Xiaoming who was an early evangelist in the blockchain and once participated in the establishment of UnionPay Big Data, Beltal, and Beltal CTO. Co-founder CTO Xu Li has more than 10 years of experience in chip industry R&D and management. He was responsible for the logic design, R&D, and FPGA chip marketing of the core products of the world's top qualified equipment suppliers and the world's largest component distributor. Technical VP Shu Shanlin once worked for Inspur, a well-known Chinese server manufacturer, as an embedded chief engineer, and has extensive R&D experience in embedded software and underlying software. Another co-founder, Li Jinxin, is a former blockchain analyst of Guotai Junan and has extensive experience in digital asset investment.
The background of the team members is in line with the HPB's soft and hard path. According to the latest monthly report, the basic PCB layout design of the BOE board, the overall architecture design of the BOE, and the ECC acceleration scheme have also been completed. At the same time, several tests have been completed for the BOE hardware acceleration engine.
It is hoped that HPB will develop rapidly and will embark on a path with its own characteristics in the future of blockchain infrastructure competition. It will provide support for more decentralized applications and eventually build a prosperous ecosystem.
Risk Warning: All Blue Fox articles do not constitute investment recommendations, investment risks, it is recommended to conduct in-depth inspection of the project, and carefully make their own investment decisions.
Source: https://mp.weixin.qq.com/s/RSuz6R6MTotEL_U__Al_Wg
submitted by azerbajian to HPBtrader [link] [comments]

[original research / proposal] [codenamed: BUTTBREAKER] A Million Little Shitchains

This concept is guaranteed to annoy you or your money back!
This builds on the 100,000 tps proposal. To recap, I've thrown together 100 clonecoins with 50MB cap each "into one large Voltron Coin", as SoCo_cpp aptly put it.
Now I'm going to wave my hand, wait for the ding, and level up to exascale technology. So terabytes are basically kilobytes now.
Our previous "Voltron Coin" will be termed "MegaBlockA" (MBA) and will have become the new Bitcoin: it's top by marketshare and stagnating. It has 100,000 tps throughput, which should be enough for anyone, and a fee market is now developing. Dice transactions have started to be labeled as spam, and bible verses now cost $1 or more to embed in the megachain (composed of all 100 subsidiary clonecoin chains).
A Commodore of Industry develops a bold, new scheme: a million little shitchains. A million generic chains are created, and organized into 1,000 blockchain units each on the model of MBA, termed MegaShitChain1 through MegaShitChain1000. A controlling overchain, known as the UltraShitChain (USC), is similarly composed of those MegaShitChains. One USC represents a coin on each of the one million shitcoins, through being one coin in each of the MegaShitChains.
The total throughput available for USC transactions on the shitcoins would be one billion transactions per second, based on the 50 MB block size hard cap and 1 minute block rate of the clones. The total disk space and bandwidth necessary in order to keep a full USC node synchronized will be greater than that needed for a modern NSA data center, but we're in exascale, so it'll be like a $5 calculator.
Prohashing is the new Google, as Scrypt mining becomes the most profitable industry in the world. AmericanPegasus is on CNN every night warning about how cryptocurrency has now developed into a bubble and investors should consider putting their money into conventional equities instead as a hedge. Subsistence farmers in Africa invest a dollar into USC and cash out for millions (of shitcoins worth less than a dollar collectively which are then sold to neighbors). Euphoria and weaseldust run rampant on the streets and hospitals are overwhelmed with overdoses.
And that's the story of how scale-out solved throughput.
Usecases
Decentralized mining
The NSA can sponsor a ProHashing underwater Scrypt mining megacenter in each of the seven oceans (more depending on how one counts). The accelerated ocean warming should be ideal for swimming (may not be ideal for swimming; no warranty of fitness of warmed oceans for swimming should be implied).
Tradebots / SkyNet 2.0
Autonomous, intelligent tradebots become massively wealthy trading between the million underlying shitcoins. These bots become leading patrons of the Robot Supremacy movement which is a major advance in sentient being rights overall, although human rights suffer a bit incidentally during the uprising and for a few centuries thereafter.
Weaseldust Road
The ultimate in weaseldust markets, Weaseldust Road is hosted on the USC ultrashitchain itself and is its killer app. The Weaseldust Road client, codenamed HONEYPOT, is a full USC node combined with a few trojans and a GUI for accessing Weaseldust Road. Featuring suspiciously low prices on weaseldust as well as some sellers with long-term (1+ month) exit scams who provide excellent service in the meantime, Weaseldust Road quickly becomes the leading weaseldust marketplace, as well as being the second place market for buying alpaca socks with USC (behind Alpaca Road, which is the second leading weaseldust marketplace).
In fact, Weaseldust Road's legendary abilities as a killer app will ultimately be memorialized in the song Weaseldust Road, with the "you never come back from Weaseldust Road" refrain, a tribute to the Copperhead Road song linked above, as well as to the wave of weaseldust-related deaths linked by critics to the rise of Weaseldust Road.
Proofs
1=1, therefore, quod erat demonstrandum.
I can conceive of it, and I can imagine that it necessarily exists, therefore, it exists.
If a thousand angels can dance on the head of a pin, and if the Lightning Network can handle infinite throughput, and if the weaseldust supply lasts, and if the USC ICO raises at least 22 million BTC in value, then USC will be created and trade above its par value of 1 satoshi per million USC.
lorem ipsum, nil illegitimi carborundum, hocus pocus
submitted by coinaday to Buttcoin [link] [comments]

Bitclub Network April 25th, 2018 Update

Taken directly from their site....
BITCLUB NEWS Quick Summary, New Upgrades, and Big Updates... Date: April 25th
Included in this update...
Quick Summary of last 6 months BCN Support & Legal Updates New Invoicing System (BTC, BCH and ETH) ClubCoin Update Mining Power Update - Large Credit Debit Cards in Testing Mining Earnings and Wallet Balances GPU Shares Transaction History for Deposits Scheduled Updates
Quick Summary of last 6 months
Right now is a crazy time to be involved in this space! Bitcoin and the entire digital currency market is going mainstream right in front of our eyes and the opportunities are plentiful. Many of you reading this have been fortunate enough to find Bitcoin early and maybe you joined this opportunity 1, 2, or even 4 years ago when we first started mining Bitcoin.
If you are among the early adopters then it's likely you are holding a small fortune made up of many different digital currencies (BTC, BCH, ETH, ETC, ZEC, XMR and even CLUB). If you are brand new to BitClub then your journey is about to begin and we are excited to help you make the next few years just as lucrative as the first ones.
But either way if you are newbie or a long time member of BitClub we want you to know that our vision goes way beyond mining as we plan to add more value and more features in the next 90 days than we have in the previous 2 years.
Some people think it's too late because they missed the initial rise of Bitcoin and the opportunity is over to cash in, but these people are dead wrong!
It is still very early in Phase 1 of this digital currency revolution and we believe the next phase is where the real money will be made. Just think about it, every major industry and government organization will soon be affected by crypto and blockchain in some shape or form.
We will see huge competition for market share on services like wallets, exchanges, and newly mined blocks :) Right now BitClub has a huge advantage over companies fighting for market this share... That advantage is YOU!
We have built an army of distributors around the world and many members of BitClub are becoming some of the largest crypto currency holders in the world. Our network is full of early adopters and with millions of members now enrolled in our organization we have the power to build and shape the services of tomorrow.
The sky is the limit on how big we can grow from here and over the past 6 months our top priority has been to anchor BitClub and strengthen our foundation for the next phase of this growth.
With that said... We want to address a few growing pains that we've been experiencing. Basically, it all started around September of last year when our sales skyrocketed to heights we never dreamed of, the sales were doubling each month and the market was in a total buying frenzy at the time. We quickly realized our company needed some serious help in order to scale and stay on track.
The first thing we did was limit our sales to only allow what we could purchase. This helped to manage the mining operation side but it did not slow down the BCN membership side and pretty soon just about every aspect of BitClub was bursting at the seams.
Some companies may have have folded under this hyper growth, but luckily for us all of our issues were minor and we could handle them, it just took some time and effort.
First it was the database which grew to over 1 TB in size and started to cause commissions issues, delays, and forced us to pause all the repurchases and infinity commissions until we could stabilize the database. We are still catching up on this!
At one point just trying to run the repurchase script was crashing and slowing down our servers to a crawl for 48 hours or more because of the millions of commission records it was creating and paying in real time.
Next it was the mining operation and some delays on trying to scale it (more details below), and then finally there was the support and legal side that needed major upgrades as the industry was evolving.
We realized we could no longer operate in the shadows, we needed to hire fast, get organized and tackle all of this head on if we wanted to continue providing a good user experience.
This is exactly what we've been doing and in this update you will get details on some of the key pieces we have put together as well as an outlook on the future of BitClub.
Please read and pass this along to your team. Thanks!
BCN Support & Legal Updates
We are happy to report the formation of a new operations company that was formalized and is now running the support and compliance side of our business. We have incorporated the company in Nevis under the name BitClub Network Inc.
We have also put together a structure that allows us to operate and protect our business in many jurisdictions around the world. With the formation of this new structure we will soon be launching brand new policies and procedures, terms and conditions, and very specific contract details for our mining shares moving forward.
One of the main reasons we needed to incorporate now was to stop scammers and people who are using our name to run their own scams. There are dozens of fake sites that we have come across and its been hard to go after them without a legal leg to stand on.
We have even seen fake events happening that are giving people false or misleading information and we will no longer stand for this. If you have come across any scams like this please continue to reach out and let us know so that we can begin shutting them down!
We are also incorporating to become compliant in many jurisdictions that we are operating in. This will work both ways because any unfriendly jurisdictions who make it hard to comply (like the United Sates) will be blocked and enforced.
You will see BitClub corporate taking a much stronger approach to termination in these countries and you can expect a different look as we move from the shadows into the light and make our company compliant.
Please understand this is necessary for us and we will likely be closing down more markets in the future as we evaluate the laws in each of them. Our goal is to be able to operate everywhere but at this time it's just not realistic so we will act quickly and pull out of markets who may threaten our model.
Better Support...
Under our new operations company we have hired over twenty new support people including customer service agents, management level employees, a full compliance department, a new marketing department, and lots of new programmers.
We have really been focusing on getting our ducks in a row and we are now in a position to expand fast and support all the new projects we have coming down the pipeline this year and beyond.
If you've submitted a support ticket recently you've likely noticed a significant improvement in response times and general customer service levels, this includes local language capabilities with full support in Korean and Japanese. (if you have not tried our support tickets in Korean and Japanese please do, we are ready to handle them).
We will continue to build a world-class support infrastructure to support you and part of these support improvements we have formed a dedicated leadership support team to provide VIP-level support for Master, Monster and Mega Builders in your local language. Stay tuned for additional details on when these services will launch.
Finally, after some delay, the withdrawals team is now facilitating XMR withdrawals and we are pushing all withdrawals in a much more efficient way. You can expect to see 24 hour response times for all currencies moving forward.
NOTE: If you have an XMR withdrawal pending, you should receive confirmation when complete along with details of how to access your funds. The Monero chain has been a tough one for use to navigate with the new forks and overall process Monero requires, but we are finally ahead of it and will clear out all the Monero pending withdrawals this week.
New Invoicing System (BTC, BCH, ETH)
Starting on May 10th we are bringing back Bitcoin (BTC) and we are also adding Ethereum (ETH) to all invoices. This means you can now chose from 4 different ways to pay for all products and services that BitClub offers. (Bitcoin, Bitcoin Cash, Ethereum, and ClubCoin).
Even better news... It doesn't matter how you pay for your invoice or what your downline chooses to pay with because you have full control over which currency you want your commissions to be paid in. We will continue to expand this model as we make it live and improve it, but you can expect it to happen on the 10th of May.
This will include an internal conversion tool that you can easily use to swap your tokens within your virtual wallet. We are really excited to launch this system because it lays the foundation for what we want to do in the future and it also eliminates our #1 biggest problem.
That problem is overpayment and underpayment of invoices!
With our new invoice wallet if you overpay the invoice it will be auto credited to your virtual wallet, if you underpay an invoice it will sit in limbo and continue to refresh every 10 min with the new exchange rate until you pay it. You will constantly be redirected to the invoice to finish your transaction.
This is a full integration with CoinPay and you will see the invoices fully powered on the CoinPay platform when it launches. Thank you for your patience as we finalize this move and update the system accordingly.
ClubCoin Update
We have made significant progress on re listing ClubCoin on some other exchanges. Unfortunately, for reasons outside of our control, ClubCoin was de-listed from Bittrex at the end of March along with 80+ other coins.. We've provided Bittrex with all the required documentation to comply and with the formation of a new legal entity and structure ClubCoin is now in good standing and full legal compliance.
We are currently submitting the coin on dozens of other exchanges and we have hired a new development team and legal team to take over the marketing, social media, and promotion of the token moving forward.
Nothing has changed with our future plans to deploy ClubCoin inside of CoinPay and we know one day it be a very valuable utility token on the platform.
What to do with your ClubCoin in Bittrex?
We just added a new internal ClubCoin wallet so that you can generate a deposit address from inside your Back Office. You can find this in your ClubCoin wallet under the Deposit Club tab. This works in the same way you generate an address for for BTC and BCH and then you can send from your Bittrex wallet or any other CC wallet.
Or we strongly recommend you can download our latest ClubCoin core and begin staking your coins and running a full node on your computer. The more nodes we have the more secure and safe the network is. Plus, you will earn staking rewards automatically (download ClubCoin here - www.ClubCoin.co)
Stay tuned for more updates on ClubCoin development and also the much anticipated launch of CoinPay (which we will have a big update on after this next round of BitClub upgrades is complete).
Mining Power Update – Large Credit
Our Bitcoin mining operation is currently experiencing some bad luck. We are not talking about the bad luck that is normal in mining a block, instead we are referring to overall bad luck in some circumstances.
For our latest expansion we had a very specific deployment schedule when the machines were to be turned on but it's been one thing after another causing delays in deployment.
Without getting into all the specifics and pointing fingers or blame we will just touch on some of the issues. There have been electricity issues, customs delays, shipping issues, missing power supplies, problems with racks, cooling, and even electricity rates, etc...
We are working as hard as we can to get these machines turned on ASAP and its been a real challenge that we have not encountered before. However, the good news is we are being compensated by the datacenter and by the manufacturer of this equipment on a daily basis for the downtime we are having.
As we mentioned in a previous update there is a strong clause in our contract that pays us daily for the machines not being online and while this is a good thing to have, we would much rather have the machines hashing in our pool and minting new Bitcoin.
Big Compensation Coming May 4th...
We collected another large chunk for the compensation owed to us on these delays and we will disburse this to all members on May 4th.
We are hoping to see a significant amount of power come online before the end of the month and the rest of the power is on track and scheduled to be deployed in other regions of the world without delay, so we should catch up quickly after this hiccup.
This has been a major pain point for us and we are just as anxious and excited to get this power in our pool as you are. This will provide a big boost in our overall market share and increase daily mining earnings to what they should be. So please be patient as we do everything we can to get there.
Debit Cards in Testing
We appreciate the excitement around debit cards and the ability it will provide members to utilize their earnings in everyday transactions. This undertaking hit a few legal hurdles that we are addressing now and we hope to roll out the cards to all Mega Monster and Monster Builders in the next few weeks.
We are putting significant resources behind this partnership and we will have a fully integrated solution that is exclusive to BitClub members only. This is one of our highest priorities and we will announce a rollout date very soon for everyone so please stay tuned for additional details.
Mining Earnings & Wallet Balances
We have seen many inquiries about mining earnings and wallet balances that seem to be off. This has been from the database overload and the restructuring process and its only a display issue that is temporary. We are now all caught up with commissions and any payments that were delayed or were showing wrong should now be fixed.
If you are still having an issue please open a ticket and we will take a look and make sure your balance is correct. Thanks for your patience on this, we keep very good records and accurate data so if you see something is off usually it will be automatically fixed when the next commission run is done or when one of our audit scripts kicks in.
Its actually amazing how many daily records we are now generating from all the commissions, mining earnings, partial shares, and infinity payments. All of these records you see in your back office are actually a small fraction because we summarize them to help not overload you. If you saw all the calculations that happen on a daily basis it would make your head spin.
But again most important is we have a check and balance system in place that will correct itself and save us from ever paying out more than we should without serious alarms going off. This protects us all!
GPU Shares Update
Similar to the Mining Earnings and Wallet Balance display issues, we are aware and apologize for the technical glitch not allowing you to set your account to mine anything outside of Ethereum. This has to due with invoices that were paid in BTC and some in BCH (which will soon not be an issue).
In fact, you will be able to fully control ALL of your GPU shares to mine whatever you want. So if you purchased a 5 pack right now all you can do is move all 5 to a single coin. This next upgrade will allow you to control each of them individually.
And even more exciting you can control your repurchases on each individual share. This feature was intended to work like Bitcoin mining partial shares but we had to put out some much needed fires with our DB structure and other top priority features before moving back to this.
We expect this to be live on May 1st before the new invoicing system goes into play on the 10th. We also have some big things planned on the GPU side as far as expansion and mining opportunities.
In fact, we believe 2018 will be the year to gear up on GPU shares and accumulate as much power as we can for the future because there is so much upside in the GPU shares.
With all the coins ASIC proofing their model it means GPU's will continue to be profitable and we are now starting to see demand for AI data mining, rendering, and much more. So GPU shares will become a big focus of our expansion this year!
Transaction History for Deposits
Over the past month or so we have seen a significant number of support tickets and inquiries relating to the inability to view transaction history for deposits – this is a feature that used to exist in your wallet history. This feature is also making it's way back online and will be further enhanced with the launch of our new invoicing platform on May 10th.
If you are missing a transaction or credit please let us know. At this point we have received all deposits sent and there are clear records of everything but we are seeing an issue from certain transactions that are not showing up on the member side at all.
Again, this is nothing to be concerned about because if you sent any amount of crypto to an address generated from our system we will credit it to your account. The amount may be stuck in the old table and not displaying in your balance. This will be completely fixed for all deposits and history after May 10th.
Scheduled Updates and Better Communication
Moving forward in May we are implementing a news structure that will have two updates per month. One on the 1st of the month and one on the 15th of the month. This will give you a consistent overview of everything we are doing and allow us to translate these updates in the future.
We are working on a lot of cool features right now. This includes an entirely refreshed website, member back office, marketing tools, and reporting tools to make managing your downline much easier. Now that we have a solid team in place you will begin to see huge improvements in your BitClub membership.
It took us a lot longer to get here than expected, but we now have the pieces in place for Phase 2 and we hope the lack of communication and all the issues we had over the past few months will be forgotten as we move forward and have big plans for this year.
As always, we appreciate your patience and we will continue to work hard to build this company for you!
Sincerely, -BCN Support Team
submitted by kawika357 to BitclubNetwork [link] [comments]

Blake2B, CryptoNight and Equihash ASIC Cloud Mining available at HashGains

DELAWARE CITY, Del.–(BUSINESS WIRE)–In the booming cryptocurrency mining industry, investors are continuously on the hunt for better margins and have got serious reasons to cheer for the leading cloud mining company HashGains. The company has over 10,000 customers enjoying returns from Bitcoin mining, ethereum mining and other altcoins.
HashGains has become the first player to introduce Blake2B, CryptoNight and Equihash algorithm’s mining services from its highly advanced and automated platform using ASIC (Application specific integrated circuit) machines.
Mining for currencies like Siacoin (SC), Monero (XMR), Bitcoin Gold(BTG), Zcash (ZEC), Bytom (BTM) etc. was only possible through a GPU platform but with the introduction of ASIC cloud mining all these currencies have become highly profitable in comparison to mining of Bitcoin and Ethereum etc. Mining returns are variable depending on various factors like difficulty levels and competition but at the moment Monero seems to be giving highest ROI of over 700%.
Unlike other companies, HashGains is highly transparent and provides a complete view of mining returns by way of its mining returns calculator to all its customers.
HashGains is also introducing mining services where customers can choose the algorithm and mining currency of their choice which will enable users to pick the profitable mining options. The company assures the delivery of mining services of Monero, Zcash, Bytom & Ethereum ASIC Mining within 24 hours of order. HashGains is known for transparency and timely payouts to thousands of investors.
HashGains crowdsale program is a huge success!
HashGains has successfully concluded its crowdsale program on 30th April 2018 with total collections of $9.1 million from its HGS token sale which would help us to start one of the two data centers planned. A total of 12,6,58,650 tokens have been sold at an average price of $0.72 per token.
HashGains has launched the ICO program with the name of HGS token in order to build mega eco-friendly cloud mining data centers which runs on renewable energy sources (solar and wind) in Canada and India.
Promoted by Cyfuture, a renowned name in cloud data centers with over 15 years of experience and serving some Fortune 500 companies, HashGains is a constantly growing platform with more than 10,000 customers. source
submitted by SwitchKanun to hashflareinfo [link] [comments]

Announcing the MegaBit Bitcoin Lottery

EDIT: Removed the lottery address per /bitcoin rules. You can see how to play at /MegaBitLotto
We are pleased to introduce the provably-fair MegaBit Bitcoin Lottery. To enter send any amount of bitcoin to the pool address at any time as often as you like. The total prize pool at any time is the balance of that pool address. Drawings for the lottery will be done every 1120 blocks. The likelihood of winning any prize depends on the total lottery pot size and the amount of your entry (as detailed below).
How it works
Lottery Draw Pools
If any prize pool has no winners it rolls over to the next draw.
Odds of Winning
The odds of winning first prize are the entry amount divided by the pot amount, the odds of winning second prize and third prize are 1/50 and 1/20 the total number of entries if all entries are for the same amount. Larger entries have greater odds of winning.
For example, assume a 1000 euro pot from 1000 entries of 1 euro each the odds of any one entry winning are:
Provably Fair
The DRAW_ODDS and ENTRY_ODDS are easily calculated from the block and transaction information in the blocks in the DRAW_PERIOD, therefore it is possible for anyone with access to the blockchain to verify that the MegaBit draw was performed fairly.
Since a block hash cannot be known in advance it is impossible for anyone, including us, to generate a winning entry transaction hash before the drawing block is solved.
What about miners?
Miners have the ability to determine the DRAW_HASH because they create the block hash. However, in order to create a winning block hash their difficulty in solving a block will increase by a factor of DRAW_ODDS divided by ENTRY_ODDS for their entry (even miners must purchase an entry ticket to win).
For example: if the total prize pot is 500 euros and the miner buys a 500 euro ticket the total prize pot becomes 1000 euros and the block hash generated by the miner has a 50% chance of winning first prize (their ticket amount divided by the total pot). In this example the miner must, on average, generate twice the block hashes as usual to ensure a winning entry, effectively doubling their block difficulty. With this effective increase of difficulty the miner is less likely to solve the block. They then become simply a regular participant in the lottery as they have a much higher chance of losing their block reward and transaction fees to other miners.
A miner cannot generate a winning transaction after the block hash has been calculated as this new transaction would change the merkle root of the block and they'd have to start solving the block all over again.
Help us out!
The MegaBit lottery is in beta and needs participants so we can verify the drawing code is working properly before making the first actual draw. Please only enter small amounts (a few euro cents) as we realize this is an unproven venture. The first actual draw will be in seven to fourteen days. Draw results will be posted to the MegaBit lottery subreddit at /MegaBitLotto and cross-posted to /Bitcoin.
At first the lottery pool will be quite small, but we hope that it will grow to be a substantial amount over time.
Regards,
The MegaBit Bitcoin Lottery team
submitted by MegaBitLotto to Bitcoin [link] [comments]

2 X RADEON R9 280X 's Power consumption. Dogecoin Mining, Litecoin, Crypto Scrypt Bitcoin mining profit calculator Blockchain 101 Ep 30 - What is hash power? Earn BTC with BTC GEN Mega Bitcoin Mining Software 2020 Fully Registered Downloa The Best Free Bitcoin Miner 2018  Earning 0.3 BTC per day ...

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2 X RADEON R9 280X 's Power consumption. Dogecoin Mining, Litecoin, Crypto Scrypt

Link: http://bit.ly/2FrfAO3 Welcome to Mine Bitcoin Company: A Better Investment Model for Growth. Our company has been operating on an international level s... The number of trials a mining rig can perform per second represents its “hashing power” (measured by hash/s). Simply put, hashing power is the processing power of the network. Currently ... #bitcoin mining calculator 2020 #bitcoin mining difficulty 2020 top free bitcoin mining software in 2019 blockchain 2018 #freeminer #freebtc #freebitcoin btc up #easywork mining bitcoin gpu mining ... In this video I show you with my own calculator how much I earned in the last 8 days of mining. I was worried about the earnings after the bitcoin halving. It seems that it did halve the earnings too. with continuous returns up to 100% per year. Sep 11, - Genesis Mining launched its new sha256 mining contracts in the offers lifetime contracts for both altcoin and Bitcoin cloud mining services.

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