5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)
5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)
X11 mining calculator minerstat
6 Best Bitcoin Mining Hardware ASICs Comparison In 2017
12 most expensive hardware for mining Bitcoins & Altcoins
Hirocoin (HIRO) New home of GPU miners, X11 hashing algorithm
Soon Scrypt coins will only be mined by those in invest heavily. Hirocoin uses the X11 hashing solution by Evan Duffield. Creating an ASIC for X11 is going to be very complex making Hirocoin an ideal home for GPU miners.
Hello. 👋🏻 Today we will tell you about ACIS-mining and its 3 best algorithms. 📌 With the advent of ASICs for mining, it became possible to mine Bitcoin in much larger quantities than using video cards. ASIC is an integrated circuit specialized to solve a specific problem, in our case, only for bitcoin mining. These schemes are many times more profitable than video cards, because with more power (hash calculation speed) they consume much less energy. This served as a good reason to create a cryptocurrency mining business. 📌 In bitcoin and other blockchain systems, the complexity of mining depends on how quickly the miners find the block. Compared with the GPU and CPU, specialized #ASIC miners solve #PoW puzzles better and are therefore able to quickly find new blocks. 📌 Since PoW is still the preferred mining consensus mechanism, we propose to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: #SHA256, #Scrypt, and #X11. 🔹 The SHA-256 algorithm has a number of advantages over other information protection technologies. Over the years of use in the cryptocurrency industry, he has shown his resistance to various hacking attempts. 🔹 Scrypt is a cryptocurrency mining algorithm that was previously interesting to many single miners in view of its resistance to the so-called “hardware attack”. The speed of creating blocks in a Scrypt-based blockchain is about 30 seconds. The hashrate, like Ethash, is measured in Megahash per second. Scrypt, first of all, became popular due to its use in Litecoin #cryptocurrency. 🔹 X11 is an encryption algorithm in which eleven are used instead of one function. This means that this technology can provide a high degree of security, because in order to harm the system, an attacker will have to crack all 11 functions, which is very unlikely, because the changes made will be visible after breaking the first function, and developers will have a lot of time to protect the system before the hacker reaches the eleventh function. Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining. Read more about PYRK mining solutions here: https://www.pyrk.org Read our Whitepaper to know more about the project: https://www.pyrk.org/Pyrk-Whitepaper.pdf https://preview.redd.it/rxmlr7wt1k251.png?width=1200&format=png&auto=webp&s=162f9ddaacb3cf3e137638464a208bdf25e50a21
Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes
[The original post was censored in the the paidshill Dash pumping sub Dashpay, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed.] Disappointments In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status. In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added. In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks. In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations. In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'. In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken. Boondoggles In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains. In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results. In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status. In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it. Scandals In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers. In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune. In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc. In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation. In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype. In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications. Disasters In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats. In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all. In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release). Catastrophes In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs). In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend). In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened). In 2018, Evolution was not here by NYE (not even an alpha version of a testnet). In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable. Analysis Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16. Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price. Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal. Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet. Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met. That deadline was midnight Dec 31, 2018. Now it's the first morning of 2019 and Evolution is nowhere to be seen. Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate." Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates. Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12. No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table. Dash in 2018 through the eyes of Reddit's most popular crypto sub January 2018
Conclusion The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis. Note: The repost is shared here. The original has been censored from Dashpay. https://np.reddit.com/DashUncensored/comments/abvewf/dash_in_2018_disappointments_boondoggles_scandals/ [Dash is such a terrible scam that it needs its own uncensored sub to discuss happenings without incurring the wrath of the MNO and the Dash ponzi leadership/Evan/Amanda. I honestly believe crypto must weed out these ponzi like operations before we can move forward as a collective group]
Litecoin Support Phone Number +1(855)3008358 (Toll-Free Number)
Litecoin was released in October 2011 in the form of a client with an open source code on the Internet hosting GitHub by Charles Lee, a former Google employee. The crypto currency works according to the MIT/X11 license, which allows anybody to execute, modify and copy software as well as to distribute any modified copies. It was a fork of the Bitcoin-Qt client, differing primarily by having a decreased block generation time, increased maximum number of coins, different hashing algorithm, and a slightly modified GUI. The Litecoin exchange rate gave a jump in November 2013: the capitalization of crypto currency exceeded 1 billion dollars.
Advantages and Disadvantages of Litecoin
It is an open source project.
Litecon is little faster than Bitcoin.
Transaction fee is almost zero.
All hardware wallets supports Litecoin.
As it was created by a former Google employee, which means reliable and more secure than the other cryptocurrencies.
Segwit has recently been included in Bitcoin that means advantage in Litecoin over Bitcoin is reduced.
Client code is not maintained properly.
Litecoin (LTC) is a decentralized cryptocurrency, a fork of Bitcoin intended by its designers to be more feasibly mined using consumer-grade hardware. Litecoin is a peer-to-peer crypto currency that was developed on the base of Bitcoin and has an open source code. Unlike Bitcoin, the Litecoin blockchain is able to process a greater number of transactions. The creator of Litecoin – Charlie Lee, a former employee of Google – took the Bitcoin source code as a basis and created a crypto currency that needs 2.5 minutes to generate a block – this is 4 times faster than Bitcoin.The full emission of Litecoin makes out 84 million coins, which is also 4 times more than of Bitcoin. The start reward for a block made out 50 Litecoins, and now it is 25 Litecoins.
Features of Litecoin
Transaction confirmation is faster
Increased storage efficiency
Coins to reward miners
Some common issues of Litecoin, We fix-
Trouble signing in on litecoin.com.
Unable to sell and buy Litecoin.
My password does not work.
Trouble connecting with the server
Unable to receive a Litecoin.
Litecoin hacking issue.
Unable to deposit and withdraw USD.
Wallet balance doesn’t show.
Hacking a payment gateway.
User address error.
Loss of a wallet file.
Unable to send a Litecoin
Unable to mine Litecoin.
Unable to send Litecoin from my account.
Unable to cash Litecoin.
Two-factor authentication failed.
Connectivity Issues or “Connection Error”
Unable to open the Litecoin wallet.
You can contact us for your queries and problems you faced during using litecoin on toll-free number : +1(855)-300-8358
Dear DogeCoin Developers. My name is DRKMSTR (DarkMaster) and I have an excellent suggestion.
I have a suggestion for DogeCoin to solve 90% of the current problems with mining, value, and security. Since I was unable to get a massive number of people behind me to bring this to the front page on /dogecoin I though I'd submit it to a wise group of shibes. Please read it in full (The Problems Section is an optional read, but it backs up my reasons)
ASIC mining is centralizing mining power
ASIC Mining causes centralization which can lead to 51% attacks
Centralized mining mines for immediate profit, which causes the mining parties to sell immediately for a better trading currency, in this case BitCoin. Since they need to sell, the price does not matter, they will sell regardless.
The lack of a broad miner base will decrease the market development of DogeCoin since the mining groups will not want a market increase in DogeCoin if it steals any market from BitCoin
Multipools still change the hashrate to some extent (not at the moment since DogeCoin is not the top coin)
Securing the Coin against 51% attack in the long term
Switch to X11 (or another Multi-algorithm) Proof of Work mining.
X11 is Resistant to ASICs and will allow even poor shibes to mine on laptops, not profitably, but still decently.
X11 is more power efficient than Scrypt since it uses less power to mine
X11 is Resistant to Multipools since the mining algorithm is unique to the coins that run that particular type of X11, for example, for all the coins using X11 (Multi Algorithm, not just the X11 function), only 3 popular ones use DarkCoin's particular X11.
Switch to Multi-POW using X11 + Scrypt (Merged With LiteCoin) + SHA-256 (Merged with BitCoin) around Block 500,000 or Block 600,000
This Secures the blockchain for the long term since we'd be using BitCoin's hashing power.
"But BitCoin would have to agree!" Actually they would not, all we have to do is have a decent value and mining pools will add us to their merged mining since it would be additional profit.
It's extremely hard to perform a 51% attack when there are many different chip manufacturers making SHA-256 ASICs.
51% attacks would be nearly impossible if the coin was split amongst 3 groups as suggested. One would have to gain 51% of SHA-256 ASICs and Scrypt ASICs and X11 GPU's
All 5% of the additional coins each year could be mined and the inflation would become a true 5% if all were sold immediately. (If some were held back by any mining party for future sales, the inflation would drop below 5% by a fraction proportional to the coins held back).
Please let me know what you think. I ask before you downvote this, please allow some visibility so others can get their observations and evaluations of this idea. I understand that this contains 2 forks, but due to the short time of DogeCoin production, it's the only current solution that can logically work without relying on future possibilities that may or may not happen.
[Serious] Can BTC and BCH coexist from a SHA-256 perspective?
Not posting this to Bitcoin because I wanted to have a technical discussion and not get slammed with a bunch of bots. Also not interested in what happens to coins once they're mined. Lightning network, colored coins, memo.cash - all potentially interesting debate fodder once they get into the hands of the users, but that's not the topic of my inquiry. Both Bitcoin (BTC) and Bitcoin Cash (BCH) use the same mining algorithm, SHA-256. Can multiple [mined] coins really occupy the same hardware requirements? If the discrepancy gets too large, can't the other be flooded with a 51%+ attack with an ever smaller portion of the other coin's mining ecosystem? Let's take an example. Here's the current BTC hash contribution. Antpool is 14% of the total, which as of today is 52 EH/s, so a total of 7.28 Exahash from Antpool. The Bitcoin Cash hash rate is 4.1 EH/s. Assuming there's no overlap, if Antpool suddenly decided to mine a few blocks on the BCH chain, they would be almost 2x the existing total and therefore 66%+ of the network. Perhaps these numbers are too close together, but if there is a clear winner this discrepancy only gets larger. Is there some sort of proof that outlines this runaway effect? Has this happened to other coins that borrowed a common hash rate algorithm? If there was something else to be mined with X11(dash) or Blake2b (siacoin), I suspect it would be more pronounced than BTC/BCH.
Dash In 2018: Disappointments, Boondoggles, Scandals, Disasters, & Catastrophes
[This post was censored in the the paidshill Dash pumping sub, where actual discussion beyond "2018 kind of sucked for Dash" is not allowed, and then re-posted here.]
Disappointments In 2018, Dash failed to be listed on Coinbase while ETC and many other coins were, due to Dash's notorious Instamine, centralized development, and murky Howey Test/SEC Action status. In 2018, Dash failed be included in the OpenBazaar project, while Monero and several other alts were added. In 2018, efforts to hype Dash's supposedly impressive 2mb block-based tx/sec rate were crushed and humiliated when DCG's creaky old client hit a crippling software limitation around the same time as BCH and BSV were chewing through 32 and 64 megabyte blocks. In 2018, Dash's former anti-segwit hero Craig Wright learned new facts about law and concluded Dash is an illegal security, saying so loudly in tweets backed by citations. In 2018, Wirex and other debit card providers supported Bitcoin and many alts, but not Dash, despite a year of Shrem 2.0 shill talk about integrations 'soon'. In 2018, Dash Core used Uphold for the "Acquire Dash" part of their Kript mobile plan, but Uphold doesn't work in Venezuela , so that pillar of their strategy was broken. Boondoggles In 2018, the FanDuel fiasco wasted a fortune in cash and goodwill, leaving Dash's target market of online gambling to Calvin Ayre's BSV and Roger Ver's BCH blockchains. In 2018, the DACH Embassy fiasco wasted a fortune in cash and goodwill, as nobody ever really cared about Macrocuck/Simon/Basilpop/Ezra/Fabio running around desperately trying to look busy enough to justify their ridiculous burn rate and poor results. In 2018, the CoPay fiasco wasted a fortune in cash and goodwill as users and devs suffered an ambush from DCG, leaving the formerly hyped "backbone of Evolution" project instantly retired to abandonware status. In 2018, the Alt36 train-wreck-in-progress slowly lurched towards its imminent conclusion of causing more toxic FUD and wasting a fortune in cash and goodwill with zero deliverables to show for it. Scandals In 2018, fake "Venezuela adoption" news resulted in massive public humiliation as Twitter, cc, and Russia Today (ironically, the home of Dash paidshill Max Keiser) debunked hype that only amounted to useless stickers on greasy cash registers. In 2018, Evan and Amanda were missing in action, despite Evan's previous promises to develop hardware and support the ecosystem with his vast, intentionally insta-mined fortune. In 2018, Dash paid to hold a Bitcoin networking event at a Miami strip club, offending so many people (it was a 2nd offence for Dash with strippers at TNABC) the scandal was reported worldwide by Bloomberg, Fortue, Business Insider, etc. In 2018, knowledge of Dash's instamine became widespread throughout the entire crypto universe and the intentional nature of Evan's faked "bug" excuse became a subject of investigation. In 2018, Dash cargo cultists reduced themselves to shilling the dwindling number of cherry-picked metrics by which Dash was not failing utterly, such as the absurd "FairCoinValue" and fallacious/irrelevant "ATH Masternode Count" hype. In 2018, the KuvaCash fiasco turned toxic (wasting a fortune in cash and goodwill) resulting in a kDAO splinter group of venture capitalist MNOs and creating massive Howey Test implications. Disasters In 2018, a KuvaNation vs. DACH Force News civil war inflicted mass casualties, leaving a permanent split of the "DGBB" community into non-cooperative Team Tao and Team Joel factions fighting over a shrinking Treasury budget like starving rats. In 2018, malicious MNOs trolled Dash at the protocol level and on DashCentral, causing chaos at the very end of voting cycles, thus showing the entire world Dash is not resistant to Sybil attack after all. In 2018, Dash Clown Group Inc failed to live up to its own self-imposed "Agile Development" goals so many times they published one sketchy, final "DRAFT" roadmap, and then quietly abandoned entirely the idea of actually trying to meet deadlines (despite the dash.org page still advertising a Q4 2018 Alpha release). Catastrophes In 2018, a single mining pool controlled enough hashpower to prevent a timely upgrade, demonstrating that Dash's PoW is not sufficiently decentralized (due to Bitmain's monopoly on Dash ASICs). In 2018, www.crypto51.app showed the world Dash is >90% NiceHash-able and thus may be 51% attacked easily and cheaply (<1 BTC per hour), causing Poloniex and other exchanges to require 50 confirmations (rather than using InsantSend). In 2018, the failures of Dash's X11-based PoW security model and resulting threat of attacks caused Dash to abandon Nakamoto Consensus for a wonky, untested, homespun version of checkpoints (conceding defeat and offering an unconditional "pre-consensus" surrender before an attack even happened). In 2018, Evolution was not here by NYE (not even an alpha version of a testnet). In 2018, no amount of brave ThisIsFine talk about buying dips could change the fact that Dash Core Group Inc had to radically downsize due to their customary $935k/month funding being completely unsupportable. Analysis Never mind the price drop, even though Dash suffered worse than most of its Top 20 peers and fell in rank from #3 all the way down to #16. Let's ignore the fact Dash is marketed to investors with the 'Masternode' feature advertised as supposedly stabilizing the price. Let's also ignore the fact that in 2018 Dash's supposed Sybil-resistance was shown to be inadequate, as blockchain analysis revealed dozens of Masternodes trolling at the protocol level by voting no on all but the infamous DEMOTE RYAN TAYLOR proposal. Evolution was, after years of delays, complete from-scratch reboots, and blown goals, given one final self-imposed deadline to meet. Dash's Queen, Amanda of the Used Car Lot, declared she was going have to rethink her position regarding Duff's Instamined Masternode tokens if that deadline wasn't met. That deadline was midnight Dec 31, 2018. Now it's the first morning of 2019 and Evolution is nowhere to be seen. Even worse, Dash Clown Inc is once again making negative progress towards their goals of shipping a test-net version of v13 worth of the term "Release Candidate." Dash Clown Inc burned through ten (10) un-releasable (because broken) so-called Release Candidates. Finally the clueless clowns (running around like headless chickens since Andy Freer was fired or rage-quit) gave up on the entire v13 RC branch and went back to tinkering with v12. No updates to the crucial LLMQ repo have been made since November, when the price drop crushed DCG's budget and Andy suddenly left Evolution to die on the operating table. Dash in 2018 through the eyes of Reddit's most popular crypto sub January 2018
Most controversial comment: "I dont see how people dont get it. If you cant pay for food, you would invest what little you have into something as risky as crypto ? It is easy to judge from our POV but In reality, most would rather feed their familiy then look for ways to invest in some startup." Conclusion The Top Three Dash-related posts at cryptocurrency are a microcosm of Dash's start-to-finish miserable, horrible, terrible year of self-inflicted blunders, money pits, and epoch-ending cataclysms cumulating in the resolution of the Dash experiment and disproving Evan's "Dash is Digital Cash" hypothesis.
Storage space: I am using an 8 GB microSD card for the OS, and a 128 GB USB drive for data. Minimums I would recommend: 8GB SD card and 32 GB USB drive.
Reddcoin Core client version: v22.214.171.124-a8767ba-beta (most recent version at this moment). ↳ Screenshot
You need the OS; Lubuntu. Download Lubuntu (707 MB) for the Raspberry Pi: https://ubuntu-pi-flavour-maker.org/download/. It's a .torrent download, so you will need a BitTorrent client. Message me or post in this thread if you need help with this.
You need software to write the OS to the SD card. I use Etcher. Download Etcher: https://etcher.io/.
Select image: select the lubuntu-16.04.2-desktop-armhf-raspberry-pi.img.xz file.
Select drive: select your microSD card.
Plug the SD card into your Raspberry Pi and power it up.
Lubuntu should boot up.
Set up Lubuntu, connect to the internet (wired or wireless). ↳ As username, I chose "rpi3b". You will see this username throughout this whole tutorial.
Make sure date and time are correct ([Menu] > System Tools > Time and Date). ↳ Click on Unlock to make changes. I personally change Configuration to "Keep synchronized with Internet servers". ↳ Screenshot
Reboot ([Menu] > Logout > Reboot). I am connected to wifi, but have issues getting wifi to work on initial boot. A reboot solves this issue.
Make sure system is up-to-date, install never versions.
Open LXTerminal ([Menu] > System Tools > LXTerminal). ↳ Screenshot
Enter the following in LXTerminal: sudo apt update && sudo apt upgrade ↳ Screenshot
You will be asked if you really want to continue. Enter Y (yes).
Updates are being installed! Wait until it's finished.
Install programs that will be used in this tutorial.
GParted: to partition the USB drive.
Htop: to see the amount of memory (RAM) and swap that is in use.
Enter the following in LXTerminal to install these 2 programs. sudo apt install gparted && sudo apt install htop ↳ Screenshot
Create 2 partitions on the USB drive: 1) Swap partition 2) data partition (for the Reddcoin blockchain) The swap partition is necessary: The Reddcoin wallet can be memory intensive. To prevent any crashes or freezes, add 2 GB of 'virtual' memory by creating a swap partition.
Important: Backup your USB drive if needed. The USB drive will be formatted, so the data on the USB drive will be wiped.
Please use the USB drive solely for this purpose, do not combine it with other stuff.
Keep your USB drive plugged in, do not (randomly) plug it out.
Plug your USB drive in.
GParted will be used to create the partititons. Start GParted via LXTerminal: sudo gparted ↳ Screenshot
Apply the changes. Click on the check mark or select Edit > Apply All Operations. ↳ Screenshot ↳ Screenshot
Important: The name of the swap partition is needed later, so please write it down. Mine is /dev/sda1 (first partition on first drive (drive 'a')). ↳ Screenshot
Reboot. After the reboot, the data partition you just created should be visible on your desktop. ↳ Screenshot
The swap partition is created, so now we can enable and use it.
The swap in use can be monitored with the program Htop. Open Htop ([Menu] > System Tools > Htop) to see the 'Swp' (swap) in use. ↳ Screenshot By default, swap is not used, so 0K. ↳ Screenshot You can leave Htop open.
To enable the swap partition, open LXTerminal and enter the following commands: (Assuming /dev/sda1 is your swap partition.)
Unpack the file (large file, takes around 15 minutes to unpack): sudo xz -d bootstrap.dat.xz ↳ Screenshot
After a successful unpack, your will find the file bootstrap.dat in your USB root folder. ↳ Screenshot
On the first run of the Reddcoin Core client, it will ask for a data directory to store the blockchain and wallet data.
Start the Reddcoin Core client: sudo /media/rpi3b/usb/reddcoin/src/qt/reddcoin-qt ↳ Screenshot
The welcome screen will appear and ask you about the data directory. I suggest a new folder on your USB drive, I picked blockchain. The directory will be created with all the necessary files. ↳ Screenshot
Click on the three dots (...) on the right. ↳ Screenshot
Click on Create Folder at the upper right corner. Type and enter in the folder name. (In my case: blockchain.) Click on Open. ↳ Screenshot ↳ Screenshot ↳ Screenshot
After selecting the directory, the Reddcoin Core client will start. Wait till it's fully loaded and close it.
Move the bootstrap.dat file to your data directory you selected in the previous step. By doing this, Reddcoin Core will use the bootstrap.dat file to import the blockchain, which speeds up syncing. sudo mv bootstrap.dat /media/rpi3b/usb/blockchain/ (Assuming blockchain as data directory.) ↳ Screenshot
The Reddcoin Core client set up is completed, but you still have to sync fully with the blockchain before you can send, receive and stake.
Keep the client running until it's fully synchronized. It will use the bootstrap file first, and download the rest of the blockchain to complete the sync. This can take some time (it took 2 days for me). Syncing the blockchain uses a lot of resources, so the software may react slow.
You can see the progress in the debug window (Help > Debug window). ↳ Screenshot
When the synchronization is completed, the red (out of sync) will disappear on the Overview screen! ↳ Screenshot
When synchronization is complete, you can start staking your Reddcoins.
You can write down your private key or copy and save it in a document. Make sure you save it somewhere only you can access it.
To import later: Debug window -> Console -> importprivkey [label] [label] is optional. ↳ Screenshot (without a label) ↳ Screenshot (with a label)
Boot with only 1 USB drive plugged in: Make sure only the USB drive (with the swap partition and data partition) is plugged in when you boot up your Raspberry Pi. This to make sure the swap partition (/dev/sda1) is recognized correctly. If you boot up with multiple USB drives, Lubuntu might see the USB drive with the swap partition as the second drive (instead of the first drive), and ignore the 2 GB swap partition. If this happens, starting Reddcoin can render the Raspberry Pi unresponsive.
Start Reddcoin Core easier Run a shell script (.sh file), so you can start Reddcoin just by double clicking on an icon on your Desktop.
Right Click on your Desktop and select Create New -> Empty File. ↳ Screenshot
Enter a file name, make sure it ends with .sh, and click on OK. I've chosen for Reddcoin.sh. ↳ Screenshot The file will be created on your Desktop. ↳ Screenshot
Add the command to start Reddcoin to the file.
Right click on the file, select Leafpad (to open the file in a text editor). ↳ Screenshot
Add the following to the file and save the file: sudo /media/rpi3b/usb/reddcoin/src/qt/reddcoin-qt ↳ Screenshot
To be able to execute the shell script (.sh), it has to have 'execute permissions'.
Right click on the file, and select Properties. ↳ Screenshot
Click on the Permissions tab.
For Execute, select Anyone, and click on OK. ↳ Screenshot
To start Reddcoin Core, double click on the file. A new window will pop-up, asking you what you want. Execute in Terminal is what we want, so you can click on enter. ↳ Screenshot Reddcoin Core will now start. Do not close the Terminal window, you can minimize it if needed.
Minimization options Adjust minimization options, so you can safely press on the X button (the close/exit button on the upper right corner).
Activate 'Minimize on close'. Settings -> Options... -> Window (tab) -> Minimize on close. ↳ Screenshot Reddcoin will still run when you click on the X button. To close/exit Reddcoin, right click on the Reddcoin icon in the system tray (bottom right corner). ↳ Screenshot
RealVNC VNC Viewer (client) and VNC Connect (server): To remote connect to the Raspberry Pi, I use VNC Viewer ad VNC Connect from RealVNC.
After your download is finished, open the file and click Install Package. ↳ Screenshot
To run the VNC Connect once:
Open [Menu] > Run, and enter: vncserver-x11 ↳ Screenshot
To auto run on startup:
Open Default applications for LXSession ([Menu] > Preferences > Default applications for LXSession). ↳ Screenshot
In LXSessions configuration, select Autostart in the menu left.
Under Manual autostarted applications, enter vncserver-x11 and click on + Add. ↳ Screenshot ↳ Screenshot
Reboot your Raspberry Pi and check if VNC Connect is started automatically after the reboot.
When VNC Connect is running, you'll see a VNC icon on the right bottom corner. Double click the icon to open VNC Connect and to see the IP address you need to enter to connect to your Raspberry Pi. ↳ Screenshot
[Very long, very serious] Development summary week ending 18th April 2014
When I got my first full time job, I used to try implementing requests from everyone as they came in, and for a while people really loved that I listened to their requests. Over time, however, things started to go wrong. I’d apply a change someone asked for, and in doing so would break something elsewhere in the code, in some subtle way that was missed in short-term testing. I’d fix that second bug and reveal a third. I’d fix that just in time for a new request to come in, and the process repeat. This led to the term “Bug whack-a-mole”, wherein I was spending time mostly fixing bugs introduced to live systems through rushing through earlier bug fixes. So this week, we’ve had a lot of people asking about changes to proof-of-work, especially X11, or even moving to proof of stake, primarily in an attempt to address risk of a 51% attack. A 51% attack is where one actor (person, group, organisation, whatever) gains control of enough resources to be able to create their own blockchain, isolated from the main blockchain, at a rate at least as quickly as the main blockchain is being created. They can then spend Dogecoins on the main blockchain, before releasing their fake blockchain; if their fake blockchain is longer than the existing blockchain, nodes will switch to the new blockchain (as they would when repairing a fork), and essentially the spent Dogecoin on the main blockchain are reversed and can be spent again. This is mostly of consequence to exchanges and payment processors (such as Moolah), who are most likely to end up holding the loss from the double-spend. The concern about a 51% attack stems from a couple of weeks ago now, when Wafflepool was around 50% of the network hashrate (mining power). It’s still high (at the time of wring about 32GH/s out of almost 74GH/s, or about 43%), but it is diminishing as a proportion. Lets talk about proof of stake first, as this one’s simpler. Proof of stake has been suggested as a way of avoiding the risk of Wafflepool having control of too many mining resources by itself, by changing from securing the blockchain through computational resources (work), to using number of Dogecoin held. The theory is that those with most Dogecoins have most to lose, and will act in their own interests. Major examples of proof of stake coins include Peercoin, Mintcoin and more recently Blackcoin. However, this essentially means we take control from Wafflepool, and hand it to Cryptsy (who are considered most likely to be the holder of some of the huge Dogecoin wallets out there). I by no means expect either organisation to attempt a 51% attack, but hopefully it’s clear that simply switching risks isn’t actually improving things. I’ve also had significant concerns raised from the merchant/payment processor community about potential impact of proof of stake, and that it may encourage hoarding (as coins are awarded for holding coins, rather than for mining). The price instability of Mintcoin and Blackcoin (and that Peercoin appears to only avoid this through very high transaction fees to keep the entire network inert) does not encourage confidence, either. For now, proof of stake remains something we’re keeping in mind, primarily in case price does not react as anticipated to mining reward decreases over time, but certainly we’re not eager to rush into such a change. Before I get into a discussion on proof of work, let me summarise this quickly; right now, uncertainty about changes is holding back our community from adopting ASICs. It’s high risk to spend hundreds, thousands or in some cases significantly more on ASIC hardware which could be left useless if we move. Those who have already purchased ASICs to support the Dogecoin hashrate would most likely have to mine Litecoin to recover sunk costs, if we did move. ASICs are virtually inevitable, and in our assessment we are better off pushing for rapid adoption, rather than expending resources delaying a problem which will re-occur later. At the time of writing the development team has no plans to change proof of work algorithm outside of the eventuality of a major security break to Scrypt. We are focusing on mitigation approaches in case of a 51% attack, and adoption of the coin as the most sustainable approaches to dealing with this risk. The X11 algorithm has been proposed as an alternative proof of work algorithm. X11, for those unaware, was introduced with Darkcoin. It’s a combination of 11 different SHA-3 candidate algorithms, using multiple rounds of hashing. The main advantage championed for Darkcoin is that current implementations run cooler on GPU hardware. Beyond that, there’s a lot of confusion over what it does and does not do. As I’m neither an algorithms or electronics specialist, I recruited a colleague who previously worked on the CERN computing grid to assist, and the following is primarily his analysis. A full technical report is coming for anyone who really likes detail, this is just a summary: A lot of people presume X11 is ASIC resistant; it’s not. Candidate algorithms for SHA-3 were assessed on a number of criteria, including simplicity to implement in hardware. All 11 algorithms have been implemented in FPGA hardware, and several in ASIC hardware already. The use of multiple algorithms does significantly complicate ASIC development, as it means the resulting chip would likely be extremely large. This has consequences for production, as the area of a chip is the main determining factor for likelihood of an error in the chip. The short version being that while yes it would take significant resources to make an efficient ASIC for X11, for a long time Scrypt was considered infeasible to adapt to ASICs. As stated earlier, any move would most likely be nothing more than an extremely expensive and risky delaying manoeuvre. ASIC efficiency would also depend heavily on ability to optimise the combination of the algorithms; a naive implementation would run at around the rate of the slowest hashing algorithm, however if any common elements could be found amongst the algorithms, it may be that this could be improved upon significantly There are also significant areas of concern with regards to X11. The “thermal efficiency” is most likely a result of the algorithm being a poor fit for GPU hardware. This means that GPU mining is closer to CPU mining (the X11 Wiki article suggests a ratio of 3:1 for GPU/CPU mining performance), however it also means that if a way of was found to improve performance there could be significantly faster software miners, leading to an ASIC-like edge without any of the hardware development costs. The component algorithms are all relatively new, and several were rejected during the SHA-3 competition for security concerns (see http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/documents/Round2_Report_NISTIR_7764.pdf for full details). Security criteria for SHA-3 algorithms was also focused on ability to generate collisions, rather than on producing hashes with specific criteria (such as number of leading 0s, which is how proof of work is usually assessed). X11 is a fascinating algorithm for new coins, however I would consider it exceptionally high risk for any existing coin to adopt. Beyond algorithm analysis, this week has been mostly about testing 1.7. Last weekend Patrick raised the issue that we had been incorrectly running the automated tests, which had led to several automated test failures being missed earlier. This led to other tasks being dropped as we quickly reworked the tests to match Dogecoin parameters instead of Bitcoin. So far, all tests have passed successfully once updated to match Dogecoin, however this work continues. On the bright side, it turns out we have a lot more automated tests than we realised, which is very useful for later development. The source code repository for Dogecoin now also uses Travis CI, which sanity-checks patches submitted to the project, to help us catch any potential problems earlier, thanks to Tazz for leading the charge on that. This is particularly important as of course we’re developing on different platforms (Windows, OS X, Linux) and what works on one, may not work on others. Over time, this should be a significant time saver for the developers. For anyone wanting to help push Dogecoin forward, right now the most productive thing to be doing is testing either Dogecoin, or helping Bitcoin Core test pull requests. Feel free to drop by our Freenode channel for guidance on getting started with either. Right now, I’m working on the full technical report on X11, and will then be back working on the payment protocol for Dogecoin. I’ve approached a few virus scanning software companies about offering their products for Dogecoin, with so far no response, but will update you all if I hear more. Lastly, the next halvening (mining reward halving) is currently expected late on the 27th or early on the 28th, both times GMT. Given that it was initially expected on the 25th, we’re obviously seeing some slippage in estimates, and a total off the top of my head guess would be that we’ll see it around 0500 GMT on the 28th at this rate. I have taken the 28th off from the day job, and will be around both before and after in case of any problems (love you guys, not getting up at 5am to check on the blockchain, though!)
I've got 15 minutes spare at lunch, so this is going to be very quick and quite rough: PoW change: We're intending to stick with Scrypt mining through to the 600k block at least, because we want miners to have confidence in investing in hardware. No plans past then, but it's more negotiable at least. Really not moving to X11; it's eleven random algorithms glued together, 5 of them with ASIC implementations already, and all 11 have FPGA implementations, it would be a highly costly move that is likely to give us much worse problems than those we face now, when X11 ASICs hit. Merged mining: There was an informal community poll, it went poorly. Needs p2pool as a pre-requisite, or all that happens is we add in functionality no-one actually uses. It's been pointed out that p2pool only really makes sense for significant miners (low powered miners are unlikely to get payouts), but for those who can use p2pool, please consider doing so. PoS: Still under consideration long term, but we'd much rather see the price stabilise high enough that we can sustain PoW, than incur the risk of moving. Also security concerns stemming from PoS meaning that coins have to be kept in hot wallets (as opposed to in paper wallets or similar. I'd hope it's clear why we have security concerns in light of issues such as DogeVault (no, I haven't heard anything more in weeks either). PoSV/PoT: Keeping an eye on them Generally, the developers are focusing on integrating Bitcoin client improvements, and we're now taking a clear lead on this compared to other altcoins. You can see this clearly reflected in the source code metrics on Coin Gecko, where did I mention we're the 2nd highest coin. Reference client 1.7.2 is progressing nicely and will be another non-required update. We have a number of developers working actively on the code, and an in-depth cross-checking process to ensure the results are of the high quality and stability you would expect from software dealing with $31mil of digital assets. We're working on making a rock solid platform for a currency, not a get rich quick scheme, and I hope you can appreciate this takes time. Also Twitch is coming.
The WolfpackBOT ecosystem is powered by its specially designed blockchain known as WolfCoin, it is a Proof of Work (PoW) X11 blockchain with masternoding capabilities an users who run and maintain the masternodes will be rewarded in WolfCoin but must have a reserved 10,000 WolfCoin in their WolfCoin wallet to run the masternode. 80% of the block reward is allocated to pay the masternode network while 20% is kept aside to pay the X11 PoW miners. The WolfCoin (WOLF) is a fungible utility coin and the internal incentive of the WolfpackBOT ecosystem and will be used in paying for subscription packages to the trading bot, WolfpackBOT hardware console, commission and transaction fees as well. WOLF can be traded once it gets listed on exchanges and it is expected to be listed on three major exchanges immediately after the crowdsale. The Proof Of Work (PoW) mechanism allows for miners to solve complex mathematical problems using super computers and high electrical power the miner who emerges as winner takes the block reward, since the WolfCoin blockchain implements this mechanism it will also work that way but then, the block reward will be in WolfCoin. Ways By Which Users Can Acquire WolfCoin. From my research I found out there are actually four convenient ways to acquire WOLF and these are;
You can participate in the upcoming crowdsale which is open to everyone from every corner of the world and there you can purchase WOLF using major cryptocurrencies such as Bitcoin, Ethereum, BitcoinCash, etc as payment.
Users who run and maintain the masternode will be rewarded in WOLF.
It can be purchased on already listed exchanges which will soon come.
And lastly, users can earn WOLF by mining the PoW blockchain.
The WolfCoin Wallet. It has a special blockchain hence it must also have its special wallet. The WolfCoin wallet is where all financial transactions are executed from it is from this wallet that users will secure, transfer and receive WOLF and the wallet is made with latest designs and top notch security system to protect users and their assets. Coin Information. WOLFCOIN COIN DETAILS Coin Name: WolfCoin Ticker: WOLF WOLF Mechanism : Proof of Work (PoW) Algorithm: X11 Maximum Theoretical Limit (by 2068):1 Billion Available for Subscription Pre-order: 240,000,000 Masternode Collateral: 10,000 Wolfcoin Genesis Block: 300,000,000 The WolfCoin blockchain has real use case and can easily become a major cryptocurrency in the market, users who work towards acquiring it now will benefit from it in the future as it holds strong liquidity. To know more on this project visit the website https://www.wolfpackbot.com and check out the whitepaper too https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf Bountyox username: Obulu
Note: Previously the Evolution Whitepapers were linked in this section. These papers were written back in 2015 and are outdated, because Dash Evolution has seen a massive re-design and has been developed much further than those papers could have predicted. A new version will be posted here and elsewhere as soon as it is available.
"Dash rebranded from Darkcoin to distance itself from its dark history!!" -> Not at all. Nothing about its history is "dark" and more importantly this thread called "The Birth of Darkcoin" is stickied by Evan Duffield himself on the official main forum.
Why saying "Dash is a company" is false: Dash Core Inc., a company based in Scottsdale, Arizona is not the decentralized network called Dash. The network, consistent of over 4.5k globally distributed, decentralized Masternodes decided to hire and fund the company Dash Core Inc. to develop said network. This is the distinguishing property of Dash being a DAO, so it's understandable people have difficulty grasping the concept. Similarly Dash does not have a CEO, while Dash Core Inc. -obviously- has.
Dash does not and never had a "dev tax": Dash has a Treasury and its distribution is being voted on each month. Only those funds that have been approved by the Masternode network go to proposal owners. The Treasury is capped at 10% of the accumulated block reward of one month. There is no central authority non-requested or non-approved funds go to and there never has been. Those funds are simply not created. So you can have months in which only 8% of the budget is being paid out, with the remaining 2% going to nobody due to not being mined.
"B-but Evan Duffield can roll back the last 24 hours of the blockchain with the flick of a button!" Complete bullshit. The key in question refers to requiring a Masternode to re-validate its pre-existing blockchain in order to ensure it's on the right chain. Masternodes have nothing do with putting or removing transactions into or from the blockchain, only the miners can do that, thus claiming someone can "roll back the blockchain" in Dash is a malicious lie and a desperate attempt to make Dash look centralized when it's not. In short: No such button exists, ever existed or will ever exist.
The Dash community is well aware that during most of its history this project has been under attack by competitors, many of which are trying to portray Dash (among many other things) as a failure. This is oxymoronic, because nobody hates on failures, especially not for 4 successful years in a row. If you want a quick history lesson, here's a comment I made on where the Dash hate originated from back in 2014 Another, longer history lesson Remain skeptical towards sensational accusations without evidence. Our community is helpful, knowledgeable and more than happy to answer any questions, as we have done many times on this subreddit. Still, we're all only human, have limited resources and we're just one project among many (always among the top, though!). Stakeholders and investors of other projects will always have an agenda to smear what they perceive as competition (I have yet to see our community actively go after other projects, though). Just remember the Bullshit Asymmetry: "The amount of energy required to refute bullshit is at least an order of magnitude larger than to produce it." So it would be very unjust to expect a refutation on the spot all of the time. Prefer taking the initiative by asking the community directly about the claim you're confronted with. This community has proven many times to possess the integrity required to admit to technological shortcomings, but at the same time we'll never hesitate to call out illegitimate claims and accusations, of which there are many, for what they are. The most common and most empty attack is "Dash is a scam".
Dash has surpassed its all-time high price several times
Its developers are publicly known, many by full name
It's still being developed after almost 4 years with an incredible track record of under-promising and over-delivering, a game-changing roadmap & a clear vision of the future
Its technology works as advertised and remains objectively superior to Bitcoin and many other currencies
Myriads of projects copied Dash's features
Look at the wealth of in-depth information linked on this page alone. Look at all the interviews, articles, news shows, podcasts, presentations, conferences, infrastructure, the people and all the money invested into all of this: Does this all really look like a grandiose scam? Why the effort?
More importantly you have to ask the critic just this one question: Who was scammed? The answer usually consists of complete silence or attempts to change the topic. This may sound all very defensive to someone who has never experienced the kind of FUD Dash has faced over the years, but the falsehoods we've refuted above are still being perpetuated by a very lonely but also very loud minority.
Not an ICO project
Regarding Dash's finances: Despite what many people assume influenced by the ICO insanity of the recent past, Dash did not have an ICO and Dash does not depend on 3rd party funding/investors. It is self funded from the blockchain and thus an entirely independent organization that does exactly what it wants, not what any angel investors want us to do. Dash is the first currency in history to achieve that.
Quick incomplete rundown of Dash's features
In fact Dash pioneered almost every single one of its features making it one of the most prolific innovators in the cryptocurrency space. Before Dash invented them, none of these features existed:
X11: power saving hashing algorithm
Dark Gravity Wave: highly reliable difficulty adjustment
Sporks: Multi-phased forking technology avoiding hard forks during network upgrades
Masternodes: Incentivized full node infrastructure through split of mining reward
PrivateSend: protocol level coin mixing without the flaws of CoinJoin
Treasury: Self-funding by splitting of block reward
Blockchain Governance: Voting rights for those who provide our network's backbone
Evolution platform technology: Under heavy development but making rapid progress towards true digital cash so user-friendly that even your grandmother could use it
To re-iterate a previous point: Dash has been copied by several dozen other projects either completely or through selected features indicating a strong approval of its technology within the wider cryptocurrency industry. The most copied feature by far is the Masternode system and the financial self-reliance it provides.
https://preview.redd.it/ue39mska97d21.jpg?width=280&format=pjpg&auto=webp&s=27b456fa60d9ec4b010fd8546a9969aef336537a WolfpackBOT is revolutionizing the world of Cryptocurrency Trading Bots using Proof of Work Blockchain technology. WolfpackBOT has WolfpackBOT Trading Software, an optional Hardware Console for its WolfpackBOT trading software and removable Hardware Wallet, it’s called the WolfBOX. The platform has integrated Bitpay and Coinbase wallets. Wolfcoin is based on a decentralized ledger of all transactions, known as blockchain. The consensus mechanism is Proof-of-Work (PoW). But Wolfcoin works differently than Bitcoin because it has two-tier network where second tier is powered by masternodes (Full Nodes). Masternodes enables Private and Instant Send, and decentralized governance.
WolfpackBOT’s Automated Trading Software
WolfpackBOT is a highly advanced cryptocurrency trading software that allows for the execution of trades at lightning speed using proprietary trading algorithms, proprietary “Werewolf” Trading Analysis configurations, or user customized settings based on personal trading style. WolfpackBOT also allows for simultaneous trading access to all compatible cryptocurrency exchanges that are available to the bot. It allows all trading pairs with the WerewolfBOT subscription package. There are three different subscription packages that are allowing different options of trading. These are:
Platform is already in Beta testing stage.
WolfpackBOT Trading Software OS
WolfpackBOT Trading Software can be installed on your computer (Desktop/Laptop) or on a Virtual Private Server (VPS). WolfpackBOT Trading Software also comes pre-installed on project’s Hardware Console that connects directly to the internet. WolfpackBOT allows customers to simultaneously trade on BitMEX, Binance, Bittrex, KuCoin, and Poloniex, with all the exchange’s trading pairs available for trading. More Exchanges will be added. WolfpackBOT offers the widest array of Multiple Technical Analysis indicators, oscillators, configurations and settings available in the world of Automated Cryptocurrency Trading Bots. WolfpackBOT provides Bollinger Bands, Double EMA, Elliot Wave, EMA, EMA Cross, Fibonacci Sequence, KAMA, MA Cross, MACD, RSI, SMA, Stochastic, Stochastic RSI, Triple EMA, and many more.
The WolfBOX Hardware Console
WolfpackBOT is introducing an industry first automated cryptocurrency trading console. This efficient and sleek piece of hardware will conveniently allow for the full utilization of a bot subscription without a need for a VPS or dedicated computer. When it comes to Cryptocurrencies it’s all about the hardware and wallets. WolfpackBOT has an optional Hardware Console for its WolfpackBOT trading software and removable Hardware Wallet, it’s called the WolfBOX. WolfpackBOT Trading Software and the removable Hardware Wallet are preinstalled on our WolfBOX which uses the most advanced hardware options currently available. Some of the key features of WolfBOX Hardware Console include high speed CPU, solid-state hard drive, built-in RFID Reader, and integrated Bitpay and Coinbase wallets.
Name: Wolfcoin Ticker: WOLF Coin standard: Proof of Work (PoW) Block time: 60 second block time Algorithm: X11 hashing Dark Gravity Wave difficulty adjustment CPU/GPU/ASIC mining available Max (Theoretical) supply: 1 Billion WOLF (by 2068) Pre-mined: 300,000,000 WOLF (Genesis block mined on December 21, 2018) Block reward: halving activates at every 400,000 Blocks by 50% MN collateral: 10 000 WOLF Reward distribution: 80% Masternodes / 20% Proof of Work Website: https://www.wolfpackbot.com/ Whitepaper: https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf Bounty0x ID: ecamli
WolfpackBOT Crowdsale-the fastest and safest bot in the world
https://i.redd.it/dy5ts70tgfa21.jpg WolfpackBOT is a high-tech cryptocurrency trading software that allows you to trade at lightning speed using proprietary trading algorithms, proprietary Werewolf trading analysis configurations, or custom settings based on your individual trading style. WolfpackBOT also provides simultaneous access to trading on all exchanges compatible cryptocurrencies that are available for the bot, and to all trading pairs with the werewolfbot subscription package . WolfpackBOT presents the industry's first beautiful automatic cryptocurrency trading console: WolfBOX. This elegant and efficient hardware component will allow you to fully use the bot subscription without the need for a VPS or a dedicated computer. WolfBOX will also include a built-in hardware wallet and RFID card reader to optimize ease of use and functionality. Trading software WolfpackBOT enabled with limit, market orders and orders "Wolf trading" on trading all the candles, including the one minute candles, with the broadest set of technical trading indicators available in the market. WolfpackBOT's own "trade Wolf" orders provide excellent market sell orders! WolfpackBOT is the only trading bot that has the ability to scan prices on your positions in real time and also easily handles partial fills, which means you won't miss orders. WolfpackBOT is incredibly fast and can make up to 10,000 trades per day depending on market conditions and subscription package. WolfpackBOT provides simultaneous access to trading on all cryptocurrency exchanges that are available to the bot, and to all trading pairs through the WerewolfBOT subscription plan. Not only do slave bots allow limited access to one exchange and one trading pair per bot, they also store your API keys and remotely on servers that are potentially prone to hacking and pump and dump attacks. The safety of users and protection of API keys and have a high priority in the environment WolfpackBOT, so it is the only trading bot that gives users complete control with local control keys for their API. Masterwork and Proof of blockchain X11 Wolfcoin blockchain with proof-of-work X11 mining bonus systems and masternodes The blockchain and the network Wolfcoin designed and designed to ensure cost, speed and security of transactions and functionality. The main purpose of the Wolfcoin blockchain is to provide fast and secure transactions through management, which helps to maintain the network for the benefit of all users. Blockchain Wolfcoin is a two-level network of coordinated proof of work (pow) running from the miners, proof and service system (posture), working from the master nodes. Miners receive rewards for the security of the blockchain, and the master nodes for the simplification of network functions, including sending private and instant send. Wolfcoin uses the X11 hashing algorithm and is based on the bitcoin core code version 0.12. The Wolfcoin blockchain is protected by proof of work (Ol) in which miners attempt to solve complex problems using specialized computers. When the problem is solved, the miner is allowed to add a new block to the block chain. If the problem has been solved correctly, the miner receives a reward after adding a block. The second layer, based on master nodes, allows Wolfcoin to simplify private and instant transactions via private sending and instant sending. Masternodes are also rewarded when miners open new blocks. The block reward is distributed from 80% to master nodes and 20% to miners. The master node system is referred to as proof of service (posture) because master nodes provide critical services that support network functions. Masternodes also control the network and can deviate incorrectly formed blocks from the miners. If the miner tries to claim the entire block for himself, the master node network will lose the block, ensuring that it is not added to the block chain. In short, miners power the first level, which is the primary sending and receiving of funds and preventing double spending. Use the second level Masternodes, providing additional features that distinguish Wolfcoin from other cryptocurrencies. Masternodes are not mine, and mining computers cannot serve as masternodes. In addition, each mastered "protected" 10,000 wolves. These wolf always remain under the sole control their owner. Funds are not blocked in any way; however, if sufficient funds will be moved or spent to the number of assets a user has fallen below 10,000 Wolfcoin, the master node will shut down and cease to receive a reward. When you keep at least 10,000 Wolfcoin In your Wolfcoin wallet connected to a static IP address, you'll become a masternode, meaning you'll have a chance of getting 80 percent of the block reward every sixty seconds. Redeemable for WolfpackBOT and Wolfcoin clothing and goods Mushroom utility that can be exchanged for the same value on exchanges When you keep at least 10,000 Wolfcoin In your Wolfcoin wallet connected to a static IP address, you'll become a masternode, meaning you'll have a chance of getting 80 percent of the block reward every sixty seconds. What's crowdsale? Crowdsale can allow companies to raise capital through crowdfunding by offering useful coins that can be exchanged for their products and / or services. The client must participate in the company's crowdsale only after the company, its products and its team have been researched and tested, and only if the client believes in the project viability and competence of the project staff. Customers benefit from participating in mass sales by realizing potential rewards such as reduced prices and / or subscription fees for offered products or services, and the company benefits from securing sales of products or subscriptions and raising the necessary capital to launch or expand its operations. Why Wolfcoin? Along with the development of WolfpackBOT, a highly developed cryptocurrency trading bot, Wolfcoin is offered to users as a utility that can be exchanged for wolfpackbot subscriptions, a console on the WolfBOX console, WolfpackBOT and on Wolfcoin clothing and merchandise. This utility, combined with X11's blockchain proof of work reward systems with mining and master nodes, allows Wolfcoin to be used by all WolfpackBOT users who are interested in receiving additional Wolfcoin for subscriptions, products, and other rewards. Web site: https://www.wolfpackbot.com Technical document: https://www.wolfpackbot.com/Pdf/whitepaper\_en.pdf Bounty0x ID: ecamli
According to wikipedia, Blockchain is originally known as bloc chain, It is a growing list of records known as blocks which is linked using cryptography, each of these blocks contain a cryptographic hash of the initial block, a transaction data and a time stamp. Since its emergence in the year 2008, when Nakamoto satoshi discovered and introduced bitcoin, there has been serious efforts to integrate the blockchain technology into several aspects of various process of global business , The blockchain technology has been described as having the potential to disrupt many industries with immutability, low-cost transaction, and enhanced maximum security. So many other blockchain implementations have been deployed and developed with unique features designed to specific use-cases. The blockchain technology has made possible to issue assets through a distributed ledger framework. With cryptocurrency tokens, Assets can be given economic value in order to validate and initiate transactional processes.
ADVANTAGES OF BLOCKCHAIN:
Decentralised payment processing,
Creating an immutable system of recording,
Reducing Cost of Transaction and
Now that we have reminded ourselves of what blockchain technology is, let’s look into the subject matter.
WolfpackBOT is a highly advanced cryptocurrency trading software that allows for the execution of trades at lightning speed using proprietary trading algorithms, proprietary “Werewolf” Trading Analysis configurations, or user customized settings based on personal trading style. WolfpackBOT also allows for simultaneous trading access to all compatible cryptocurrency exchanges that are available to the bot, and all trading pairs with the WerewolfBOT subscription package. WolfpackBOT is introducing an industry first, a beautiful automated cryptocurrency trading console: The WolfBOX. This efficient and sleek piece of hardware will conveniently allow for the full utilization of a bot subscription without the need for a VPS or dedicated computer. The WolfBOX will also include a built-in secure Hardware Wallet and RFID card reader to optimize ease-of-use and functionality. WolfpackBOT trading software is enabled with limit, market, and “Wolf Trade” orders on all trading candles, including one-minute candles, with the widest array of technical trading indicators available on the market. WolfpackBOT's proprietary “Wolf Trade” orders provide superior market sell orders with a bite! WolfpackBOT is the only trading bot to feature live price scanning on your positions and also handles partial fills with ease, meaning you don’t miss out on orders. WolfpackBOT is incredibly fast and can fulfill up to 10,000 trades per day depending on market conditions and subscription package. WolfpackBOT allows simultaneous trading access to all cryptocurrency exchanges that are available to the bot, and all trading pairs through the WerewolfBOT subscription plan. Not only do inferior bots allow limited access to one exchange and one trading pair per bot, they also store your API keys remotely on servers which are potentially susceptible to hacks and pump and dump attacks. User security and API key protection holds a high priority within the WolfpackBOT framework which is why it is the only trading bot that gives users full control with local management of their API keys. Masternode and Proof of Work X11 Blockchain Wolfcoin Blockchain with X11 Proof of Work Mining and Masternode Reward Systems The Wolfcoin blockchain and network are both designed and engineered to ensure store of value, transactional speed and security, and fungibility. The main goal of the Wolfcoin blockchain is to facilitate fast and secure transactions with a governance that helps sustain the network for the benefit of all users. The Wolfcoin blockchain is a two-tier network comprised of a Proof of Work (PoW) consensus mechanism powered by miners and a Proof of Service (PoSe) system powered by masternodes. The Wolfcoin blockchain is secured through Proof of Work (PoW) in which miners attempt to solve difficult problems with specialized computers. When a problem is solved, the miner receives the right to add a new block to the blockchain. If the problem was solved correctly, the miner is rewarded once the block is added. The second tier, which is powered by masternodes, enables Wolfcoin to facilitate private and instant transactions with Private Send and Instant Send. Masternodes are also rewarded when miners discover new blocks. The block reward is distributed with 80% going to the masternodes and 20% going to miners. The masternode system is referred to as Proof of Service (PoSe), since the masternodes provide crucial services that support the features of the network. Masternodes also oversee the network and have the power to reject improperly formed blocks from miners. If a miner tried to take the entire block reward for themselves, the masternode network would orphan the block ensuring that it would not be added to the blockchain. In short, miners power the first tier, which is the basic sending and receiving of funds and prevention of double spending. Masternodes power the second tier, which provide the added features that make Wolfcoin different from other cryptocurrencies. Masternodes do not mine, and mining computers cannot serve as masternodes. Additionally, each masternode is “secured” by 10,000 WOLF. Those WOLF remain under the sole control of their owner at all times. The funds are not locked in any way; however, if enough of the funds are moved or spent to cause the user’s holdings to drop below 10,000 Wolfcoin, the associated masternode will go offline and stop receiving rewards. By pre-ordering your WolfpackBOT subscription, you will also receive Wolfcoin as a reward that can be utilized in the following ways:
Redeemable for WolfpackBOT subscriptions
Redeemable for the WolfBOX Console
Redeemable for WolfpackBOT and Wolfcoin apparel and merchandise
Fungible utility that can be exchanged for like value on exchanges
When you hold at least 10,000 Wolfcoin in your Wolfcoin wallet connected to a static IP address, you will become a masternode, meaning you will have a chance to receive 80 percent of the block reward every sixty seconds.
WolfpackBOT Automated Trading Software:
After the crowdsale, Wolfcoin will be the exclusive method of payment for WolfpackBOT Automated Trading Software subscriptions.
Multiple Technical Analysis Indicators:
WolfpackBOT offers the widest array of multiple Technical Analysis indicators, oscillators, configurations and settings available in the world of Automated Cryptocurrency Trading Bots. WolfpackBOT provides Bollinger Bands, Double EMA, Elliot Wave, EMA, EMA Cross, Fibonacci Sequence, KAMA, MA Cross, MACD, RSI, SMA, Stochastic, Stochastic RSI, Triple EMA, and many more!
WolfpackBOT includes Cryptocurrency Shorting Features that allow users to short their positions and buy them back at the lower price to maximize their returns.
Copyrighted Crash Protection:
Crash Protection, one of WolfpackBOT's most advanced features, enables users the option to automatically scan and convert all positions to a stable coin at the sign of our proprietary Hidden Bear Divergence Indicator, and then buy back into base currency to resume trading at the sign of our proprietary Hidden Bull Divergence Indicator.
WolfpackBOT has a built in Language Translator that instantly translates the entire BOT into Dutch, English, French, German, or Spanish.
All Trading Pairs on all available Exchanges:
WolfpackBOT allows our customers to simultaneously trade on multiple cryptocurrency exchanges, and with all the exchange’s trading pairs available for trading. The best part is that it’s all possible on one bot with one subscription to the WerewolfBOT package!
While other automated trading platforms only allow for a limited amount of coins per subscription, WolfpackBOT allows all trading pairs and all coins to be traded on all the available major exchanges with the WerewolfBOT subscription. WolfpackBOT's proprietary Coin Selector allows for users to choose whether to trade all cryptocurrencies or blacklist some, thus not trading them at all, as well as search for the highest volume, greatest performing, or a specific volatility range of coins for a given timeframe.
Werewolf Configurations and Settings:
Werewolf Configurations and Settings are copyrighted trading algorithms that use proprietary optimum settings for trading: the perfect configuration for experienced and inexperienced traders alike. These settings can be adjusted to the current market trend, with preset configurations for bear, sideways, and bull markets.
Werewolf Ultimate is the ultimate choice when trading. It doesn't trade a particular trading pair or particular coins, it trades them all. It goes in for the kill to increase the potential returns. Crash Protection is a built-in feature in Werewolf Ultimate.
Werewolf Bull Market:
Werewolf Bull Market are preset settings and configurations that are usable when your Base Trading Pair is in a Bull Run. Werewolf Bull Market settings are optimized for such conditions and should only be used in a Bull Run Market.
Werewolf Sideways Market:
Werewolf Sideways Market are preset settings and configurations that are usable when your Base Trading Pair is trading sideways. Werewolf Sideways Market settings are optimized for such conditions and should only be used in a Sideways Trading Market.
Werewolf Bear Market:
Werewolf Bear Market are preset settings and configurations that are usable when your Base Trading Pair is in a Bear Run. Werewolf Bear Market settings are optimized for such conditions and should only be used in a Bear Run Market.
The WolfBOX Hardware Console:
WolfpackBOT also offers an industry first: a beautiful hardware console, The WolfBOX. Our console comes preloaded with WolfpackBOT Automated Trading Software and also includes a built-in secure hardware wallet. Some of the key features of the WolfBOX include our high-speed CPU, solid-state hard drive, built-in RFID card reader, and integrated Bitpay and Coinbase wallets.
Our company offers its services and expertise as Cryptocurrency and Blockchain Specialists to individuals and companies. We offer consulting services in the fields of blockchain and cryptocurrency development and management.
We are dedicated to the proposition that we have a responsibility to use a portion of our company’s revenue to help create a better world and a brighter future. As we move forward, our philanthropic efforts include environmental stewardship, renewable energy, human rights, economic development, as well as animal and wildlife rescue and conservation with an emphasis on dogs and wolves.
THE WOLFCOIN Wolfcoin is the coin that fuels all WolfpackBOT's projects. This utility, coupled with the reward systems with mining and Masternoding capabilities, makes the use of Wolfcoin potentially appealing to all WolfpackBOT users whom are interested in receiving additional Wolfcoin for subscriptions, merchandise and other rewards such as passive cryptocurrency portfolio growth. THE WOLFCOIN WALLET WolfpackBOT uses our proprietary Wolfcoin Core QT wallet. February 2018 Conceptual development of WolfpackBOT Software May 2018 Company Roadmap development Alpha models of WolfpackBOT Software June 2018 Ongoing research, development, and testing October 2018 Advertising and Marketing Campaign Starts Wallets available for payment; BTC, BTG, DASH, DOGE, ETC, ETH, LTC October 15 - Pre-registration begins November 2018 November 1 - Crowdsale Stage I begins December 2018 Official presentation of WolfpackBOT beta Software Preview Creation of Wolfcoin (WOLF: 300,000,000 coins pre-mined on Genesis Block) WolfpackBOT beta Software release to selected customers December 21 - Launch network and mine Genesis block December 22 - PoW / Mainnet December 23 - Blockchain and network testing December 28 - Iquidis Wolfcoin Block Explorer released on our website January 2019 January 1 - Wolfcoin Core wallets available for download on the website January 1 - Wallet and Masternode Tutorial available January 1 - Masternode and PoW instructional videos available January 1 - Subscription Pre-order Coin Rewards disbursed Announcement listing WOLF on top-10 Exchange February 2019 February 1 - Crowdsale Stage I Ends February 1 - Crowdsale Stage II Begins March 2019 March 15 - Crowdsale Stage II Ends March 15 - Crowdsale Stage III Begins WolfpackBOT Software roll-out to contributors WolfBOX Console available for Pre-order April 2019 WolfpackBOT Subscriptions available for customers First Major version released: automated, manual, and paper trading WolfpackBOT Live support center April 30 - Crowdsale Stage III Ends May 2019 WolfBOX Consoles Pre-orders first shipment June 2019 New trading features such as new exchanges, strategy options and indicators July 2019 New trading features such as new exchanges, strategy options or indicators August 2019 WolfpackBOT Software Trading Platform V2.0 Second major release: Strategy Marketplace and Back-testing September 2019 New trading features such as new exchanges, strategy options or indicators October 2019 WolfpackBOT Software Trading Platform V3.0 Third major release: Signals Marketplace (Supporting 3rd Party App Signals) Mobile Application for WolfpackBOT Software and Trading Platform November 2019 New trading features such as new exchanges, strategy options or indicator December 2019 WolfpackBOT Software Trading Platform V4.0 January 2020 WolfpackBOT Software Trading Platform V5.0 Fourth major release: Machine Learning Strategy Optimization
THE AMAZING TEAM
Philip LonghurstChief Executive Officer The leader of our pack and the man behind the WolfpackBOT trading bot, Philip Longhurst is a mathematical genius, engineer, day trader, and animal rescuer. As an account manager for J.P. Morgan and MBNA Bank, Phil managed the accounts of several high-profile clients and businesses. He has been successfully trading stocks for over twenty-five years and has successfully applied his trading expertise and mathematical acumen to the cryptocurrency market since 2013. Philip holds bachelor's degrees in mechanical engineering and business administration and is a loving husband, father, and family man who has been rescuing dogs since 1995. His driving desire is to use the success of Wolfpack Group to create a brighter future for humanity. He currently resides in the United States of America with his wife, daughter, and dogs. Rogier PointlChief Financial Officer Rogier Pointl is a successful entrepreneur with nearly twenty-five years of experience in business management, marketing, financial administration, economics, and fintech. Rogier holds bachelor's degrees in Business Communications and Financial Administration. He is a pioneer in the field of virtual reality, having served as CEO and owner of Simworld, the first virtual reality racing center in Europe, where he oversaw the development of advanced simulator and virtual reality hardware and software. Rogier is an experienced trader and has been trading stocks since 2007. He began applying his expertise to the cryptocurrency market in 2010, gaining experience as a Bitcoin miner along the way. Rogier is a loving husband and father and currently resides in the Netherlands with his wife and two daughters. Jason CormierChief Technical Officer Jason Cormier is a humble -but extraordinary- individual who is blessed with a Mensa IQ of 151, he is continually driven by a desire for knowledge and self-growth. He is self-taught in Visual Basics, C#, C++, HTML, and CSS and began developing programs and applications at the age of 14, including the TCB Wallet, which was the first ever wallet program that held its users' log in names and passwords. Jason is a cryptocurrency guru whose expertise includes cryptocurrency mining farms, proof-of-stake, masternodes, and cryptocurrency trading. Jason holds Associate degrees in Computer Science and Psychology, and currently resides in the United States of America with his wife and son. Jay McKinneyChief Web Development and Design Officer Jay is a veteran of the Iraq War who put his life on the line in combat to protect our freedoms. To center himself while stationed in the Iraqi warzone, he taught himself C# as he knew honing his Web Development skills would help him provide a better future for himself and his family. Upon returning home safely, he worked his way through college and holds bachelor's degrees in Computer Programming and Web Development & Design. Jay has worked for the Kentucky Housing Corporation, serving as a software engineer and web developer. He is a loving family man who currently resides in the United States of America with his wife and two children. David JohnsonChief Software Development Officer David holds a Master of Science degree in Information Systems and a Bachelor's degree in Business Administration with a specialization in Information Systems, graduating with Magna Cum Laude status. He has worked for the Kentucky Housing Corporation, serving as a network analyst and software engineer. As an entrepreneur, he has owned his own web and software development company since 2009, creating and maintaining several websites in C# and PHP, and has been operating the crypto-oriented YouTube channel BigBits since 2017, where he discusses automated Cryptocurrency trading strategies. David is a proud father of two and resides in the United States of America with his wife and children. Like any good Kentuckian, he is a huge fan of the University of Kentucky's college sports teams. Gabriel CondreaSoftware and Web Development Officer Gabriel Condrea holds a bachelor's degree in electrical and computer engineering and has worked as a software developer and senior systems engineer in both the United States and the United Kingdom, working with a variety of programming languages and IDEs. He has used his expertise to create Manufacturing and SCADA systems in industrial applications. Gabriel also applies his engineering skills to cryptocurrency day trading, seeking to automate the process. He loves to travel and currently resides in the United States with his girlfriend. Igor OtorepecChief Hardware Development Officer Igor is an engineer with twenty years of experience specializing in advanced PLC programming and industrial robotics. He is also an IT security expert and a CEC Certified Ethical Cracker who uses his skills to expose and patch security vulnerabilities in blockchain codes. Igor is an advanced cryptocurrency trader and Kung Fu master who uses bio-hacking as a way of life to keep his 'chi' constantly centered. He currently resides in Austria with his loving wife. Manik EhhsanDirector of Marketing and Public Relations Manik holds a Bachelor's degree in Computer Science and has over five years of experience in Web Development, Digital Marketing and Graphics Design. He has also managed the marketing for more than 30 successful Cryptocurrency start-ups and projects, and specializes in SEO and ASO. Manik is also a Cryptocurrency project promotion expert with an emphasis on Masternodes and building Social Media Communities. Manik has focused his life on Cryptocurrency and currently resides in Bangladesh with his loving family. Rance GarrisonChief Marketing Officer Rance Garrison holds a bachelor's degree in Business Administration and specialized in Seminary Studies for his Master's degree. He served as an AmeriCorps VISTA at WMMT-FM, the radio station owned by Appalshop, an arts and education center in Kentucky, and has also specialized in local cable television advertising. Rance is also a musician who has released several albums independently over the last decade. Rance is very dedicated to his local community and is most excited by the potential implications of cryptocurrencies and blockchain technology for rural and remote economies. He currently resides in the United States of America with his wife, dog, and cats. Paul GabensChief Public Relations Officer A master negotiator with a penchant for strategy, Paul Gabens brings more than twenty years of marketing and promotional experience in the automotive, hospitality, and entertainment industries to the Wolfpack. He is also an avid stock and cryptocurrency trader, having first entered into the cryptocurrency market two years ago, embracing his passion for crypto with the same vigor as his love for travel, classic cars, extreme roller coasters, and surfing. Paul holds degrees in business management, marketing, and automotive aftermarket. He currently resides in the United States with his fiancé and two cats. Blake StanleyMarketing and Social Media Officer Blake Stanley is a cryptocurrency enthusiast who also has over six years of experience managing both government and private sector client and customer relations. A strategic thinker and expert in the field of social media-based advertising, Blake also owns and manages his own online marketing company where he has been successfully curating and implementing online marketing and advertising strategies for his clients for the past three years. Blake is a proud father and family man and currently lives in the United States with his daughter and fiancé. Martin KilgoreMarket and Trading Analyst Martin Kilgore holds bachelor’s degrees in both accounting and mathematics, having researched Knot Theory and the Jones Polynomial during his undergraduate studies, giving him a firm edge when analyzing market conditions. He has worked as a staff accountant for several governmental organizations. Martin lives in the United States with his fiancé. Jonathan McDonaldChief Trading Strategy Officer Jonathan has honed his trading skills over the past five years by studying and implementing economics, financial strategy, Forex trading analysis and trading bots. Through his constant learning, he discovered Cryptocurrency after seeing the difference in market volatility and high yield trading. His fine-tuned trading strategies complement Crypto markets perfectly, and he has been implementing trading strategies to the Cryptocurrency market for over a year with phenomenal results. Jonathan is constantly improving his trading skills with an emphasis on scalping techniques. He has applied his trading skillset to the WolfpackBOT and enjoys working alongside the Wolfpack in creating the fastest trading bot on the market. Jonathan currently resides in Canada with his supportive girlfriend and family. Web site: https://www.wolfpackbot.com/ Technical document: https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf Bounty0x username: idrixoxo
About some years ago, one of my friends hailed his belief in Bitcoin and explained how he moved his whole life savings onto a hardware wallet and erudite his private alphanumeric key. He sounded like a character from a Neal Stephenson novel-gritty, daring and irreverent of the world’s established banking systems. While Bitcoin has soared since then and made him a millionaire many times over, the question now is if it will continue to rise in value or if it’s already reached its height. A digital currency “crypto currency” that has no tangible paper or physical coin representation. Instead, encryption techniques using computers and open source software generate the currency based on mathematical proof, or blockchains. Cryptocurrencies such as Bitcoin are decentralized: There’s no place like a bank where the currency is held, and a private security key tied to an open source ledger proves who holds the value. As an electronic payment system, cryptocurrencies are instantaneous and have low transaction fees compared to traditional banking systems, which are comparatively slow and have high fees associated. 📷 What Is WolfpackBot? WolfpackBOT is an advancedcryptocurrency trading BOTthat executes trades securely by using the advanced trading algorithms, the “Werewolf” Trading Analysis configurations, and customized settings based on each user’s unique trading style. The trading Bot will also provide users with trading access to the major cryptocurrency exchanges and the most profitable trading pairs, all from one Bot subscription. The Bot integrates with a built-in secure Hardware Wallet combined with a RFID card reader for crypto to FIAT conversions. Additionally, WolfpackBOT is integrated with Wolvex Exchange that will use the Wolfcoin token as the base currency, Wolfpack Consulting, Wolfpack Mining, and Wolfpack Philanthropy with the aim of empowering customers, shareholders, and stakeholders to achieve sustainable wealth through cryptocurrency trading. 📷 WolfpackBOT Features, Products, And Service Multiple Technical Analysis Indicators: The WolfpackBOT trading system provides the world of Automated Cryptocurrency Trading Bots with Multiple Technical Analysis indicators, oscillators, configurations, and settings. Shorting Features: The trading system has to short features that enable users to maximize their profits by shorting their positions and buying them back at the lowest prices in the market. Patented And Trademarked Crash Protection: This feature enables users to automatically scan and convert all positions to USDT and then buy them back to base currency to resume trading under the signal of the Hidden Bull Divergence Indicator. Coin Selector: Users can select whether to trade all their cryptocurrencies or not trade at all. It will also enable them to view coins or tokens that have high trading volumes, their performance, and volatility. Werewolf Ultimate: This feature does not trade a particular trading pair or coin but trades all of them to provide the users with maximum profits. WolfpackBOT Trading Settings And Reports: The trade setting enables users to automatically trade through features like one-minute candles, market orders, and Hybrid orders. The Trading report highlights the users trading history, which can be exported to a CSV file. Various Specialized Examination Markers: WOLFPACKBOT offers the most extensive cluster of various Specialized Examination markers, oscillators, setups and settings accessible in the realm of Computerized Digital money Exchanging Bots. WOLFPACKBOT gives Elliot Wave, Bollinger Groups, Twofold EMA, Stochastic, EMA, Stochastic RSI, EMA Cross, Fibonacci Succession, and some more. Dialect Interpreter: WOLFPACKBOT has a worked in language interpreter that in a split second makes an interpretation of the whole BOT into French, Dutch, English, Spanish or German. 📷 WOLFPACKBOT Automated Exchanging Programming: After the crowdsale, WOLFCOIN will be the restrictive strategy for an installment for WOLFPACKBOT Mechanized Exchanging Programming memberships. Wolfpack Counseling: WOLFPACKBOT offers its administrations and aptitude as Cryptocurrency money and Blockchain Professionals to people and organizations. This company offers counseling services in the fields of blockchain and cryptocurrency money improvement and management. The WolfBOX Equipment Support: WOLFPACKBOT likewise offers an industry initially, that is; delightful equipment reassure, The WolfBOX. The reassure comes preloaded with WOLFPACKBOT automated exchanging programming and furthermore incorporates an inherent secure equipment wallet. A portion of the key highlights of the WolfBOX incorporate into rapid CPU, internal RFID card reader, strong state hard drive, and coordinated Bitpay as well as Coinbase wallets. 📷 COIN ECONOMICS Coin Name: WOLFCOIN Coin Symbol: WOLF Coin Standard: Proof of Work Coin Algorithm: X11 Genesis Block: 300,000,000 Pre-mined: 30% Distributed in all stages of WOLFPACKBOT Crowdsale 📷 WHY WOLFPACKBOT? WOFPACKBOT is an exceptional project with a difference set to globally make an impact in the cryptocurrencies trading activities in particular for the betterment of the blockchain ecosystem; that will equal right to all of its users the opportunity to earn more. Feel free to ask your questions relating to the project on the telegram group of WOFPACKBOT, see link below. WolfpackBot Cryptocurrency Trading Bot System Benefits All Trading Pairs On All Major Exchanges Users of WolfpackBOT can simultaneously trade with major exchanges such as BitMEX, Binance, Bittrex, KuCoin, Poloniex, and Wolvex Exchanges using multiple trading pairs. Werewolf Configurations And Settings These configurations and settings are suited for both amateur and expert traders since they can be adjusted with preset configurations for bear, sideways, and bull markets and to the current trends in the market. Bull And Bear Market The WereWolf settings are optimized for conditions that could be used in Bull Markets, Sideways markets, and Bear markets. WolfpackBOT Help Center Users can access the WolfpackBOT Help Center to learn about options, features, and abilities that are contained in the WolfpackBOT Trading Software. Multiple Languages Wolfpack BOT is compatible with multiple languages like Dutch, English, French, German, and Spanish; therefore, users can switch up the language of the entire BOT by simply clicking on the World Language Globe icon. WolfpackBot WOLF Token ICO Details Parameters Of The ICO
WARNING: WALL OF TEXT, HIGH SCIENCE CONTENT Friends, shibes, it is my pleasure to speak with you for what I hope is the first and not the last time. I'm arrdem, I'm a Doge daytrader, economist and miner on the side, and a programmer during the day. Today I'd like to have a chat about some of the rumors with regards to ASICs and the X11 hash that have been floating around /dogecoin for the last few weeks and I hope bring some light to the discussions. On Scrypt What is special about our hash function? Why does Bitcoin use SHA256 and why does Doge use Scrypt? The hash function used by each cryptocurrency must have no known inverse function or algorithmic weakness which allows miners to cheat and compute nonces easily, and it needs to be easy to verify or recompute given an input. The first requirement is obvious in that if the hash function is weak, then someone can achieve a 51% attack potentially with less than 51% of the network's hashing power. The second is less obvious and is in fact entirely a performance issue. SHA256 is a known and trusted algorithm which has yet to exhibit any known weaknesses, and it is very very fast to recompute. This is why Bitcoin is SHA based. Litecoin, the intellectual father of Dogecoin, chose the Scrypt hash function because it was a memory bound algorithm. That is, the slowest part of computing the Scrypt hash of some value is waiting for values to be fetched from memory: an operation which it is amazingly expensive to make fast. The goal of choosing an artificially expensive hash function was to escape the Application Specific Integrated Circuits (ASICs or hardware miners) which had come to dominate Bitcoin mining. Because the SHA256 algorithm does not have large memory requirements, it was easy for Bitcoin speculators to develop cost effective hardware for the single purpose of searching for SHA256 nonce values. On ASICs Before we get to whether ASICs are good or bad for a coin, we must first assess why they made sense for Bitcoin so that we can reason about their impact on Doge. Because the computational power to find a nonce for any good cryptocurrency is expected to be large, that means there is a literal cost attached to processing each transaction on the network. While transactions may be nominally free or at least low fee, miners are really speculators expecting that someday the value of the coins they earn computing nonce values for blocks will exceed the operating costs and purchase costs of the hardware they mine with. This expectation that one day mining costs will be repaid is in fact the key reason that Bitcoin featured block rewards. The block reward was seen as a bootstrapping mechanic with which to buy hardware investment in the Bitcoin network through currency inflation. Now, ASICs and other mining hardware only pay for themselves if one expects to get enough return from block rewards and future coin price increases to cover the purchase and operating costs of the hardware. However, this is where the block schedule comes in. If we expect that thanks to the law of large numbers that one's return is on average the block reward times ones fraction of the network hashrate, it becomes clear that as the block reward falls it becomes very difficult for any purchased mining hardware to pay itself off let alone turn a profit especially as other miners purchase hardware to compete for the same block rewards thus driving up the hashrate. On the block schedule Looking at the Bitcoin block schedule, ASICs kinda make sense. The Bitcoin block schedule extends until 2140, at which time the "omega block" will be mined and the per block reward of Bitcoin mining will become zero. However until that time the per block reward will decrease 50% every four years. Today in 2014, the per block reward of Bitcoin is 25BTC and it won't change until 2017. That means that Bitcoin targeted ASICs can potentially run for three whole years or more and still have a reasonable chance of breaking even with no assuptions made about changes in the value of 1BTC. Doge's block schedule looks completely different. Where Bitcoin has a long tail on its per block reward extending out to 2140, Dogecoin will reach it's minimum block reward at block 600,000 in January of 2015, less than 14 months after Dogecoin came into being. With the 3rd halvening about 11 days out and the 4th on the horizon, by the time big boy ASICs for Scrypt start shipping in Q3/Q4, being September and later, the per block reward of Doge will have fallen to 31.25KDOGE and below. Third generation ASICs slated for December and January will likely never see more than 15.625KDOGE/block. On the price of Doge So what does this mean for the price of Doge? If the price of Doge doesn't increase at all, it's clear that the expensive new ASICs will never break even. This suggests that late comers with high powered mining hardware will be looking to recoup their investments and asking higher and higher prices for their Doge which should drive up the price overall. To put some numbers on this, at current prices and hashrate, accounting for halvenings, neither Gridseed ASIC even breaks even within 200 days if purchased within the next 48hrs. fn:1. Wait 30 days (after the comming halvening) and you don't come anywhere near break even. If I change my model to include some hashrate growth factor, the outlook is even worse. fn:2. This isn't bad news. This is awesome news for the price of DOGE. Lets say that Gridseed ships oh 500 units of their big boy ASIC, which may be conservative. fn:3 That's right, if hardware equivalent to 1K large Gridseeds came on in the next 30 days and ran at least for 200, doge would have to go all the way up to 702DOGE/USD just for them to break even! To the moon So where does this leave us. I think that the numbers I've presented here show that ASICs for Dogecoin are patently absurd, unless you expect to see a gargantuan spike in the price of DOGE which would make us all rich men anyway. While I'm willing to speculate on block reward (which is easy to model) and on hashrate which I assume is more or less linear, I have no mechanism with which I can confidently predict the price of DOGE out more than a week. Naive linear projections from our initial open of 80 satoshi to today's 126 satoshi over the course of four months suggests that in 200 days we could well see the ~300 satoshi prices which would make Gridseed and other ASIC miners profitable. However once you account for the high volatility of Doge, of Bitcoin and general market manipulation who knows if it'd ever go that high stably. So. To sum up. On the basis of these sketchy ROI numbers, I think that buying ASICs is probably ill advised. That said, I expect that people will buy ASICs and that in doing so they will drive up the price of DOGE at the same time as the supply of DOGE starts to dry up due to block reward decreases. I will be interested to see what happens to DOGE mining in January, as we will be the first coin to reach their steady mining state. I hope that the 10,000 DOGE reward per block will be sufficient to support the ASIC and GPU mining required to keep our hashrate out of 51% threat, but only time will tell. There is a real threat that the ROI of mining will be too low to justify the purchase of new ASIC let alone GPU hardware, which would lead to a falling hashrate and a credible threat of 51% vulnerability. However we could also see prices to go to the moon in which case that is no worry as high efficiency ASIC farms would take over mining securing the coin's stability more or less. I will note that no coin has yet solved the 51% threat issues posed by centralized mining, and I'm personally convinced that it's an intractable problem because as rewards per block decrease as for bitcoin, the costs of mining operations must likewise fall leading to greater centralization of compute power. By fixing our block reward we may. may. be able to dodge (ha ha) this issue however the essential drive to cut mining prices for ROI maximization will remain and will continue to drive mining centralization. With all this in mind, it's silly to talk about the adoption of X11 or another hashing algorithm, because if and when ASIC miners for DOGE become big business it'll already be too late and we will have already mined the vast majority of DOGE thus securing the distribution of DOGE away from the ASIC miners we seem to fear so much as a community. Making the switch to X11 simply delays the ASIC hardware which we want anyway due to the price increases it's likely to drive, forget about making us artificially dependent on GPU mining to secure our hashrate and creating an uncalled for blockchain fork. TL;DR
Stop worrying and love the ASICs, they won't make a ton of money and will secure our hashrate and by proxy our Doges!
STFU about X11. It's even more ASIC friendly than Scrypt, and we gain nothing from another blockchain fork.
Price projection: moon!
Open issue: How do we limit mining centralization without increasing inflation? Are we already at a balance point?
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