Bitcoin Mining Calculator CoinWarz

Hi guys

On May 20, 2020, the next, third, Bitcoin halving will take place. This means that the remuneration of miners for each mined block in the cryptocurrency network will decrease exactly two times, to 6.25 BTC. Initially, this indicator was 50 BTC, in November 2012 it fell for the first time to 25 BTC, and the cryptocurrency exchange rate grew 407 times a year after that: from $ 2.55 to $ 1037. Then the price of the first cryptocurrency fell for more than a year, dropping below $ 200 by January 2015.

The second halving in the history of Bitcoin occurred in July 2016. Then the asset was already on the rise, it grew in price for almost a year and a half and during this time it almost returned to the highs of that time, the coin was trading around $ 700. But just after the block reward was reduced from 25 BTC to 12.5 BTC, a new crazy increase in the value of cryptocurrency began.

We all know its results - in mid-December 2017, the asset price reached an incredible $ 20,000, and by January 2018 the total market capitalization exceeded $ 830 billion. Almost a year later, Bitcoin set a minimum at $ 3200 and began to grow again: for over the past few months, it has risen in price almost 2.5 times, to $ 8,000.

Very reminiscent of the events of four years ago, is not it? After the first halving, Bitcoin went up 407 times, after the second - 28.5 times, one can only guess what the course of the first cryptocurrency will be in 2021.

A few months ago, the head of the BTCC exchange, Bobby Lee, predicted that the coin would rise to $ 333,000 in two and a half years. A similar opinion was expressed by an analyst at planB, who is confident that by that time the price of Bitcoin should be in the range from $ 34,000 to $ 340,000.
submitted by Amina8690 to u/Amina8690 [link] [comments]

LN and its implications on price

Hello again. I made this post originally in the daily, but Mr. Moonmath suggested to post it as a self-post so here it comes ;) with a few edits here and there as many people who commented gave a good input on what I wrote:
I know fundamentals is not a thing that should be discussed too much on /BitcoinMarkets as it's primarily about the market but as /Bitcoin is utterly delusional, /BTC is not about Bitcoin but Bitcoin Cash and /BitcoinDiscussion doesn't like price talks, I feel a little bit forced to write about it in here. My topic is LN and its implications on price.
There are two main aspects about Bitcoin that people seem to be interested about: on the one hand it's the "Store of Value"-mentality, where Bitcoin is similar to gold, but in a digital form. On the other hand there is the "Medium of Exchange"-mentality, where Bitcoin works as a global currency. In 2017 and 2018, we pretty much peaked in terms of transaction volume. The mempool was completely clogged and transactions took 40$+ to go through. Where Bitcoin Cash and other coins try to scale the amount of processable transactions with an increased blocksize, Bitcoins solutions are, as of now, the SegWit softfork, LN and sidechains. SegWit is actually working, but has not reached the desired block-capacity of 2,4MB. Instead it's hovering in the range between 1,1-1,2MB. It's likely because only around 40% of the transactions are SegWit transactions. Sidechains are, IMHO, a double-edged sword and they didn't really deliver so far. If I'm wrong on this, please feel free to correct me ;) . And yes, I heard about liquid and how good it's supposed to be, but I have not seen a huge impact yet or hard facts. So what's left? LN, a possible block-size increase and scaling solutions that have not been developed yet. As the block-size increase needs a huge majority of the Bitcoin-participants to agree on a hardfork and its terms, this might take a very long time. We can't discuss about scaling-solutions that don't exist yet, so let's just talk about LN and some numbers.
So we want to assume that Bitcoin scales up to Visa levels of transaction-capacity ( if we believe that Bitcoin is more a medium of exchange than a store of value). CONTROLurKEYS pointed out that there is no real incentive to stop using your credit-card if Bitcoin really takes off. I agree to disagree on this point as I'd feel much more safe if I could decouple myself from any company(!) who tries to profit off of me doing transactions. I'd rather give my money to the miners than to banksters but that's just me. Going on: looking at the numbers, there are roughly 900 million Visa credit cards out there. Assuming that every card belongs to one person, we get 900 million visa users. For my calculations I'm going to use 1,000 million users as an approximation because it's easier to handle in calculations. If everyone of those 1 billion users wants to make micro transactions via LN, we'd need at least 1 channel for every user. That would be 1 billion channels minimum. Assuming that hubs are going to have many channels to other hubs and that there are going to be smaller hubs that don't acutally act like a user but simply as a payment processor, there are going to be many more channels. But for the sake of argument, let's assume that, to serve 1 billion people, we'd need 1 billion channels.
So now let's talk about what a micro-transaction is and what the least amount inside a LN channel should be. Many people take the coffee transaction as the standard example for a micro-transaction. That example is okay'ish, but when you think about it, it's not only coffee-transactions that happen on a daily basis. People go to supermarkets, pay their bills, buy fuel for their cars and so on. Considering that we're processing around 300k transactions per day, we have to categorize those payments also as micro-payments. If everybody of the 1 billion users would clog the blockchain with their bread and butter purchases, we will get nowhere with a 1MB blocksize. So what is the worst purchase that you're doing on a daily basis when you think about the price of that transaction? My biggest day to day transaction would be buying fuel for my car. The cost for that is easily 100$. So if I want to do this payment via LN, my channel would need a balance of at least 100$ in form of BTC. 1 billion channels at 100$ would be 100 billion $.
If we look at the LN capacity now, the capacity is very very small in comparison to the available supply. Let's say 10% of all BTC ever available lands inside LN channels. Yes, this is a number I pulled out of my ass, but if you compare the amount of money you have in your cash-wallet in comparison to your net worth or your savings in your bank-account, that would also be less than 10%. More like 1% or less. Let's play it through with both scenarios and let's say that only 1 million BTC is lost forever so the math gets easier.
LN Capacity in % of total Bitcoin supply: 10% = 2,000,000 BTC
1,000,000,000 channels à 100$ would be 100,000,000,000$ in LN channels (which is not considering the big player money between the hubs).
For this scenario to actually work, BTC price would need to be 50,000$...
LN Capacity in % of total Bitcoin supply: 1% = 200,000 BTC
1,000,000,000 channels à 100$ would still be 100,000,000,000$ in LN channels (which is still not considering the big player money between the hubs).
For this scenario to actually work, BTC price would need to be 500,000$.....
In addition to that, the numbers I took were chosen in a way that BTC price would not look too ridiculously high. 100$ per channel for example is IMHO not that much if you really want to pay for groceries and fuel and all the other daily stuff without a need to refund the channel every few days. I track every penny I spend and earn each month and the numbers for me, if I refund my LN channel each month would be: 200$ for food + toilet paper + other consumables, 200$ for car bills + fuel, 50$ for hobbies, 100$ for other forms of transportation, 50$ for my mobilephone-bills + Amazon Prime + barber. That would be already 600$ total. I don't mind refunding my LN channel each month with that much money as the money is going to be spend on those things anyways and is in some form already tied as monthly expanses. Let's just say I pay 400$ in rent for my appartment so the numbers add up again, that would be 1,000$ in my LN channel. Yes, if you think about it, it appears dumb to pay rent via LN. But on the other hand, if 1,000,000,000 people would broadcast a blockchain-transaction for their rent each month, the blockchain would be clogged in no time again. 100$/channel in comparison to 1,000$/channel adds a factor of *10 to the calculations above. Consider that every person in the world would use Bitcoin and LN? Add a factor of *8 to both scenarios. You think LN capacity will be less than 1% of total Bitcoin supply? Add another factor. You think more than 1,000,000 BTC is lost for ever so the supply is even less? Add another factor.
If you take the most conservative model where 10% of Bitcoin supply at a max of 20M BTC (which is actually not going to happen bc more BTC than that are lost) would be in LN, 1/8 of the population uses LN for there daily transactions and their channels have each 100$ in it, we'd end up with a market cap of 50,000$ * 20,000,000 = 1,000,000,000,000 = 1 trillion$. That's the most conservative assumption on marketcap considering that LN is going to work as promised and gets as much adoption as E-Mail got in the uprising of the internet. I'm not posting these numbers to spit moon juice all over the place but to put things into perspective. 1 trillion$ is not a small amound of money but not too big either if you think about a global digital currency. Taking 1/2 of the population, channel capacities per person of 1,000$, LN capacity at 1% of BTC available with max 1,000,000 BTC lost forever:
LN Capacity in % of total Bitcoin supply: 1% = 200,000 BTC
4,000,000,000 channels à 1,000$ would be 4,000,000,000,000$ in LN channels (which is still not considering the big player money between the hubs).
For this scenario to actually work, BTC price would need to be 20,000,000$ which would put the mcap to 400,000,000,000,000$ or 400 trillion$. Which is basically fifty times the mcap of all the gold in the world.
What I'm trying to say is, if you guys and gals are really thinking that LN is going to work out the way everybody promises, and all the little things that are still a little bit hard like refunding channels from different parties and routing bigger amounts, Bitcoin would actually need to be priced in the range of X00,000$ - XX,000,000$. At that point you really don't need to trade it and just throw your money into this thing. So if you really believe in LN and that LN is going to be the TCP/IP of Bitcoin just go all in. I'm definitely pro Bitcoin and I also think that a very big majority of altcoins are not adding any value to the world, but the numbers and calculations above just seem utterly ridiculous. 20,000,000$/BTC? I mean come on... basically everybody in this subreddit would be a millionair if the LN-promises are going to be met. In addition to that gr8ful4 pointed out, that opening 1,000,000,000 channels would need 1,000,000,000 blockchain-transactions. Let's say we process 333,333 transactions per day. That would mean that we would need 3,000 days for just opening those channels and we're not even considering closing channels and all the other transactions that are happening on-chain.
If I have any logical mistakes or wrong assumptions let me know and let's discuss a little bit. The price is not doing exciting things anyways.
submitted by CapableOfLearning to BitcoinMarkets [link] [comments]

2017 Taxes Megathread - Income Tax, Capital Gains Tax, and Mining

There's a lot of posts in /BitcoinCA popping up about tax questions and it's tax season so please post all tax related questions and discussions in this thread to clear up the clutter and this way we don't need to repeat ourselves.
I've been able to find the fallowing links on crypto taxes that can offer some guidance. I included some snippets with key take aways click the links to read the full articles for context.

CRA: What you should know about digital currency

Do tax rules apply when digital currency is used?
Yes. Where digital currency is used to pay for goods or services, the rules for barter transactions apply. A barter transaction occurs when any two persons agree to exchange goods or services and carry out that exchange without using legal currency. For example, paying for movies with digital currency is a barter transaction. The value of the movies purchased using digital currency must be included in the seller’s income for tax purposes. The amount to be included would be the value of the movies in Canadian dollars.
More information on the tax implications of barter transactions is available by consulting the Canada Revenue Agency’s Interpretation Bulletin IT-490, Barter Transactions.
Digital currency can also be bought or sold like a commodity. Any resulting gains or losses could be taxable income or capital for the taxpayer. Paragraphs 9 to 32 of Interpretation Bulletin IT-479R, Transactions in Securities, provide information that can help in determining whether transactions are income or capital in nature.

Inuit/TurboTax: How Bitcoins Might Impact Your Income Taxes

Trade and Barter Transactions With Virtual Currencies
Transactions made with bitcoins or other virtual currency are covered by the section of the tax code that governs barter and trade transactions. Under this portion of the tax code, you must declare any income received or expenses made, regardless of whether any actual cash was tied to the transaction.
For example, if you run a daycare and you accept eggs, bitcoins or any other type of trade in exchange for child care, you still are required to report these transactions on your income taxes. Since you can’t declare bitcoins, eggs or other material items on your tax form, you must declare the typical dollar amount that you would have otherwise claimed for those services.

The Globe and Mail: Here's what you need to know about the Canadian tax implications of cryptocurrencies

I "mined" cryptocurrency. What are the tax consequences?
Cryptocurrency miners should report as income the cryptocurrency they earn, and should be able to deduct associated losses, such as those hefty electricity costs.
I was paid in cryptocurrency. What should I do?
If your employer has paid you with cryptocurrency, it's like being paid with money. You will be required to pay income tax on your earnings.
If you are an independent contractor and you have been paid with cryptocurrency, again, from a tax perspective, it's like being paid with money. You need to pay income tax and collect GST/HST, but you can also deduct associated expenses and claim input tax credits.
For general tax advice /PersonalFinanceCanada is worth checking out.
submitted by PoliticalDissidents to BitcoinCA [link] [comments]

DNSBL is currently not blocking anything after recent pfsense update

I do not know if there was any update on the pfblockerng-devel package recently, as I just updated pfsense when I saw that it was available. After this update, DNSBL is not showing anything in the reports tab for blocks. The IP blocklists are working correctly, and when it reloads, it shows that unbound resolver, as well as the blocklists in DNSBL are loaded correctly. I do not know what could have caused this, and if I will have to re-install all of Pfsense to get it to work again. I have already tried to uninstall(while not keeping any previous settings), and then re-installing while re-doing all of the feeds in DNSBL.

TOP1M Final

33 33 1 0 0 32
[ Wally3kpersonal ] Reload [ 05/25/19 16:31:55 ] . completed .. Whitelist: analytics.ff.avast.com|analytics.plex.tv|app.adjust.com|content.tapjoy.com|gfe.nvidia.com|gfwsl.geforce.com|gstaticadssl.l.google.com|ip-info.ff.avast.com|ipm-provider.ff.avast.com|open.oneplus.net|placements.tapjoy.com|reports.crashlytics.com|rpc.tapjoy.com|settings.crashlytics.com|v7event.stats.avast.com|www-googletagmanager.l.google.com|
Orig. Unique # Dups # White # TOP1M Final
740 734 697 16 0 21
[ NewPihole_custom ] Reload [ 05/25/19 16:31:58 ] No Domains Found! Ensure only domain based Feeds are used for DNSBL!
[ Samsungblocks_custom ] Reload.
Orig. Unique # Dups # White # TOP1M Final
31 29 26 0 0 3
Saving DNSBL database... completed
Assembling DNSBL database... completed [ 05/25/19 16:32:07 ] Reloading Unbound Resolver..... completed [ 05/25/19 16:32:27 ]

DNSBL update [ 1654237 | PASSED ]... completed [ 05/25/19 16:32:28 ]

===[ GeoIP Process ]============================================
===[ IPv4 Process ]=================================================
[ Whitelist_custom_v4 ] exists. [ Abuse_DYRE_v4 ] Downloading update .. 404 Not Found
[ pfB_PRI1_v4 - Abuse_DYRE_v4 ] Download FAIL [ 05/25/19 16:32:29 ] Firewall and/or IDS (Legacy mode only) are not blocking download.
The Following List has been REMOVED [ Abuse_DYRE_v4 ]
[ Abuse_Feodo_C2_v4 ] exists. [ Abuse_IPBL_v4 ] exists. [ CINS_army_v4 ] exists. [ ET_Block_v4 ] exists. [ ET_Comp_v4 ] exists. [ Talos_BL_v4 ] Downloading update .. 403 Forbidden
[ pfB_PRI1_v4 - Talos_BL_v4 ] Download FAIL Firewall and/or IDS (Legacy mode only) are not blocking download.
The Following List has been REMOVED [ Talos_BL_v4 ]
[ Abuse_CW_PS_v4 ] exists. [ Abuse_LY_PS_v4 ] exists. [ BotScout_v4 ] exists. [ MDL_v4 ] exists. [ SFS_Toxic_v4 ] exists. [ CoinBlocker_v4 ] Downloading update .. 404 Not Found
[ pfB_PRI4_v4 - CoinBlocker_v4 ] Download FAIL [ 05/25/19 16:32:30 ] Firewall and/or IDS (Legacy mode only) are not blocking download.
The Following List has been REMOVED [ CoinBlocker_v4 ]
[ HoneyPot_IPs_v4 ] exists. [ Malc0de_v4 ] exists. [ Improware_v4 ] exists. [ LB_BL_v4 ] Downloading update . cURL Error: 28 Connection timed out after 15018 milliseconds Retry in 5 seconds... . cURL Error: 28 Connection timed out after 15002 milliseconds Retry in 5 seconds... . cURL Error: 28 Connection timed out after 15003 milliseconds Retry in 5 seconds... .. unknown http status code | 0
[ pfB_MAIL_v4 - LB_BL_v4 ] Download FAIL [ 05/25/19 16:33:30 ] Firewall and/or IDS (Legacy mode only) are not blocking download.
The Following List has been REMOVED [ LB_BL_v4 ]
[ Nix_Spam_v4 ] exists. [ SpamCop_SC_v4 ] exists. [ Toastedspam_v4 ] exists. [ DNSBLIP_v4 ] Downloading update .. completed ..
Reputation (Max=50) - Range(s) 185.244.25.|37.9.55.|146.185.236.|146.185.238.|64.154.80.|
Reputation -Max Stats
Blacklisted Match Ranges IPs Ranges IPs
5 877 0 0
Original Master Final
14168 12832 12832 [ Pass ]
===[ Reputation - pMax ]======================================
Querying for repeat offenders ( pMax=50 ) [ 05/25/19 16:33:31 ] Reputation -pMax ( None )
===[ Reputation - dMax ]======================================
Querying for repeat offenders ( dMax=20 ) [ 05/25/19 16:33:31 ] Classifying repeat offenders by GeoIP Processing [ Block ] IPs Removing [ Block ] IPs
Removed the following IP ranges: 212.27.35.|216.200.199.|207.246.136.|206.65.183.|209.132.193.|209.132.218.|209.132.220.|205.180.85.|61.135.131.|207.68.178.|204.253.104.|200.221.6.|
Reputation - dMax Stats
Blacklisted Match Ranges IPs Ranges IPs
12 359 0 0
===[ Suppression Stats ]===================================

List Pre Suppress Master

Abuse_Feodo_C2_v4 427 427 42824 Abuse_IPBL_v4 333 333 42824 CINS_army_v4 13730 13730 42824 ET_Block_v4 888 888 42824 ET_Comp_v4 498 498 42824 Abuse_CW_PS_v4 1 1 42824 Abuse_LY_PS_v4 1 1 42824 BotScout_v4 55 55 42824 MDL_v4 968 968 42824 SFS_Toxic_v4 83 83 42824 HoneyPot_IPs_v4 24 24 42824 Malc0de_v4 65 65 42824 Improware_v4 973 973 42824 Nix_Spam_v4 10323 10323 42824 SpamCop_SC_v4 195 195 42824 Toastedspam_v4 1775 1775 42824 DNSBLIP_v4 12485 12485 42824
===[ Aliastables / Rules ]==========================================
No changes to Firewall rules, skipping Filter Reload
Updating: pfB_Whitelist_v4 no changes. Updating: pfB_PRI1_v4 no changes. Updating: pfB_Abuse_PS_v4 no changes. Updating: pfB_PRI3_v4 no changes. Updating: pfB_PRI4_v4 no changes. Updating: pfB_MAIL_v4 no changes. Updating: pfB_DNSBLIP_v4 no changes.
===[ FINAL Processing ]=====================================
[ Original IP count ] [ 76449 ]
[ Final IP Count ] [ 42824 ]
===[ Permit List IP Counts ]=========================
 2 /vadb/pfblockerng/permit/Whitelist_custom_v4.txt 
===[ Deny List IP Counts ]===========================
42824 total 13730 /vadb/pfblockerng/deny/CINS_army_v4.txt 12485 /vadb/pfblockerng/deny/DNSBLIP_v4.txt 10323 /vadb/pfblockerng/deny/Nix_Spam_v4.txt 1775 /vadb/pfblockerng/deny/Toastedspam_v4.txt 973 /vadb/pfblockerng/deny/Improware_v4.txt 968 /vadb/pfblockerng/deny/MDL_v4.txt 888 /vadb/pfblockerng/deny/ET_Block_v4.txt 498 /vadb/pfblockerng/deny/ET_Comp_v4.txt 427 /vadb/pfblockerng/deny/Abuse_Feodo_C2_v4.txt 333 /vadb/pfblockerng/deny/Abuse_IPBL_v4.txt 195 /vadb/pfblockerng/deny/SpamCop_SC_v4.txt 83 /vadb/pfblockerng/deny/SFS_Toxic_v4.txt 65 /vadb/pfblockerng/deny/Malc0de_v4.txt 55 /vadb/pfblockerng/deny/BotScout_v4.txt 24 /vadb/pfblockerng/deny/HoneyPot_IPs_v4.txt 1 /vadb/pfblockerng/deny/Abuse_LY_PS_v4.txt 1 /vadb/pfblockerng/deny/Abuse_CW_PS_v4.txt
====================[ Empty Lists w/127.1.7.7 ]==================
Abuse_CW_PS_v4.txt
===[ DNSBL Domain/IP Counts ] ===================================
1668405 total 1083648 /vadb/pfblockerng/dnsbl/New.txt 370231 /vadb/pfblockerng/dnsbl/BBC_DGA.txt 51684 /vadb/pfblockerng/dnsbl/Abuse_urlhaus.txt 35526 /vadb/pfblockerng/dnsbl/Joewein_base.txt 20185 /vadb/pfblockerng/dnsbl/CoinBlocker_All.txt 14305 /vadb/pfblockerng/dnsbl/MDS.txt 11617 /vadb/pfblockerng/dnsbl/adguard.txt 10810 /vadb/pfblockerng/dnsbl/SFS_Toxic_BD.txt 10347 /vadb/pfblockerng/dnsbl/Shallamalware.txt 7616 /vadb/pfblockerng/dnsbl/Abuse_urlhaus_v4.ip 5739 /vadb/pfblockerng/dnsbl/CCT_BD.txt 5431 /vadb/pfblockerng/dnsbl/SWC.txt 5367 /vadb/pfblockerng/dnsbl/adserver.txt 4410 /vadb/pfblockerng/dnsbl/Shallalist_adv_v4.ip 4140 /vadb/pfblockerng/dnsbl/Spam404.txt 4036 /vadb/pfblockerng/dnsbl/Easylist.txt 3300 /vadb/pfblockerng/dnsbl/Shallalist_adv.txt 3130 /vadb/pfblockerng/dnsbl/hpHosts_ATS.txt 2619 /vadb/pfblockerng/dnsbl/Quidsup_Trackers.txt 2503 /vadb/pfblockerng/dnsbl/UT1_malware.txt 2009 /vadb/pfblockerng/dnsbl/Abuse_URLBL.txt 1869 /vadb/pfblockerng/dnsbl/CCT_BD_v4.ip 1515 /vadb/pfblockerng/dnsbl/MDS_Immortal.txt 1293 /vadb/pfblockerng/dnsbl/Cameleon.txt 588 /vadb/pfblockerng/dnsbl/EasyPrivacy.txt 560 /vadb/pfblockerng/dnsbl/UT1_publicite.txt 509 /vadb/pfblockerng/dnsbl/CoinBlocker_Opt.txt 493 /vadb/pfblockerng/dnsbl/UT1_marketingware.txt 456 /vadb/pfblockerng/dnsbl/MVPS.txt 317 /vadb/pfblockerng/dnsbl/ISC_SDL.txt 289 /vadb/pfblockerng/dnsbl/MDL.txt 280 /vadb/pfblockerng/dnsbl/EasyList.txt 267 /vadb/pfblockerng/dnsbl/UT1_ddos.txt 235 /vadb/pfblockerng/dnsbl/D_Me_Malv.txt 205 /vadb/pfblockerng/dnsbl/UT1_bitcoin.txt 205 /vadb/pfblockerng/dnsbl/Adaway.txt 129 /vadb/pfblockerng/dnsbl/Abuse_DOMBL.txt 78 /vadb/pfblockerng/dnsbl/Joewein_base_v4.ip 76 /vadb/pfblockerng/dnsbl/BBC_DC2.txt 74 /vadb/pfblockerng/dnsbl/UT1_publicite_v4.ip 58 /vadb/pfblockerng/dnsbl/Abuse_URLBL_v4.ip 32 /vadb/pfblockerng/dnsbl/Torrentlocker.txt 31 /vadb/pfblockerng/dnsbl/SFS_Toxic_BD_v4.ip 31 /vadb/pfblockerng/dnsbl/Quidsup_Mal.txt 28 /vadb/pfblockerng/dnsbl/Joewein_new.txt 26 /vadb/pfblockerng/dnsbl/SBL_ADs.txt 25 /vadb/pfblockerng/dnsbl/UT1_bitcoin_v4.ip 25 /vadb/pfblockerng/dnsbl/Lockyrw.txt 21 /vadb/pfblockerng/dnsbl/Wally3kpersonal.txt 15 /vadb/pfblockerng/dnsbl/Yoyo.txt 5 /vadb/pfblockerng/dnsbl/EasyList_v4.ip 5 /vadb/pfblockerng/dnsbl/ADs_custom.txt 3 /vadb/pfblockerng/dnsbl/Samsungblocks_custom.txt 2 /vadb/pfblockerng/dnsbl/Abuse_Zeus_BD.txt 2 /vadb/pfblockerng/dnsbl/Abuse_CW_C2.txt 1 /vadb/pfblockerng/dnsbl/UT1_marketingware_v4.ip 1 /vadb/pfblockerng/dnsbl/NoCoin.txt 1 /vadb/pfblockerng/dnsbl/MoneroMiner.txt 1 /vadb/pfblockerng/dnsbl/Malc0de.txt 1 /vadb/pfblockerng/dnsbl/EasyPrivacy_v4.ip 0 /vadb/pfblockerng/dnsbl/simple.txt 0 /vadb/pfblockerng/dnsbl/malvertising1.txt 0 /vadb/pfblockerng/dnsbl/hosts2.txt 0 /vadb/pfblockerng/dnsbl/dgad.txt 0 /vadb/pfblockerng/dnsbl/coinblockernew.txt 0 /vadb/pfblockerng/dnsbl/adhost.txt 0 /vadb/pfblockerng/dnsbl/adaway.txt 0 /vadb/pfblockerng/dnsbl/Windows_hosts_block.fail 0 /vadb/pfblockerng/dnsbl/Teslacrypt.txt 0 /vadb/pfblockerng/dnsbl/Ransomware1.txt 0 /vadb/pfblockerng/dnsbl/NewPihole_custom.txt 0 /vadb/pfblockerng/dnsbl/Malware2.txt 0 /vadb/pfblockerng/dnsbl/Malware1.txt 0 /vadb/pfblockerng/dnsbl/H3X_1h.txt 0 /vadb/pfblockerng/dnsbl/D_Me_Tracking.txt 0 /vadb/pfblockerng/dnsbl/D_Me_Malw.txt 0 /vadb/pfblockerng/dnsbl/D_Me_ADs.txt 0 /vadb/pfblockerng/dnsbl/Cryptowall1.txt 0 /vadb/pfblockerng/dnsbl/Abuse_TC_C2.txt 0 /vadb/pfblockerng/dnsbl/Abuse_C2_custom.txt
====================[ IPv4/6 Last Updated List Summary ]==============
Feb 8 2017 Improware_v4 Feb 21 09:45 MDL_v4 May 23 06:17 Malc0de_v4 May 23 21:29 ET_Comp_v4 May 23 21:37 Whitelist_custom_v4 May 24 23:35 CINS_army_v4 May 24 23:51 BotScout_v4 May 24 23:59 SFS_Toxic_v4 May 25 00:00 Nix_Spam_v4 May 25 00:05 Abuse_LY_PS_v4 May 25 00:05 Abuse_CW_PS_v4 May 25 00:05 Abuse_IPBL_v4 May 25 00:05 Abuse_Feodo_C2_v4 May 25 00:06 Toastedspam_v4 May 25 00:07 ET_Block_v4 May 25 00:07 HoneyPot_IPs_v4 May 25 00:08 SpamCop_SC_v4 May 25 16:33 DNSBLIP_v4
====================[ DNSBL Last Updated List Summary ]==============
Jul 31 2015 D_Me_Tracking Mar 9 2016 simple Mar 9 2016 D_Me_ADs Jan 20 2018 adaway Jan 20 2018 Adaway Mar 18 2018 Cameleon Nov 29 13:50 MDS_Immortal Feb 21 09:45 MDL Apr 15 22:17 Wally3kpersonal May 7 07:51 hpHosts_ATS May 7 07:51 adhost May 8 09:55 MVPS May 14 22:14 SWC May 17 12:21 Malware1 May 17 16:00 Shallamalware May 18 06:31 adguard May 18 06:41 Easylist May 21 06:13 coinblockernew May 21 06:13 CoinBlocker_Opt May 21 06:13 CoinBlocker_All May 22 21:57 Abuse_Zeus_BD May 22 21:58 Spam404 May 22 22:00 Shallalist_adv May 22 22:00 CCT_BD May 22 22:00 H3X_1h May 22 22:00 MoneroMiner May 22 22:00 NoCoin May 22 22:00 Quidsup_Mal May 22 22:00 Quidsup_Trackers May 22 22:01 adserver May 22 22:01 hosts2 May 22 22:01 Malware2 May 23 04:40 Yoyo May 23 06:10 Malc0de May 24 05:07 dgad May 24 05:07 SBL_ADs May 24 13:28 MDS May 24 16:00 New May 24 17:15 BBC_DGA May 24 21:01 Joewein_base May 24 21:04 ISC_SDL May 24 23:12 BBC_DC2 May 24 23:21 malvertising1 May 24 23:21 D_Me_Malw May 24 23:21 D_Me_Malv May 24 23:51 EasyList May 24 23:51 EasyPrivacy May 24 23:59 SFS_Toxic_BD May 25 00:00 Torrentlocker May 25 00:00 Lockyrw May 25 00:00 Cryptowall1 May 25 00:00 Abuse_URLBL May 25 00:00 Abuse_DOMBL May 25 00:00 Abuse_CW_C2 May 25 00:00 Abuse_urlhaus May 25 00:00 Joewein_new May 25 00:05 Teslacrypt May 25 00:05 Abuse_TC_C2 May 25 00:05 Ransomware1 May 25 14:12 UT1_bitcoin May 25 14:12 UT1_ddos May 25 14:12 UT1_malware May 25 14:12 UT1_marketingware May 25 14:12 UT1_publicite May 25 16:30 Abuse_C2_custom May 25 16:30 ADs_custom May 25 16:31 NewPihole_custom

May 25 16:31 Samsungblocks_custom

Database Sanity check [ PASSED ]

Masterfile/Deny folder uniq check Deny foldeMasterfile uniq check

Sync check (Pass=No IPs reported)

Alias table IP Counts

42826 total 15876 /vadb/aliastables/pfB_PRI1_v4.txt 13266 /vadb/aliastables/pfB_MAIL_v4.txt 12485 /vadb/aliastables/pfB_DNSBLIP_v4.txt 1106 /vadb/aliastables/pfB_PRI3_v4.txt 89 /vadb/aliastables/pfB_PRI4_v4.txt 2 /vadb/aliastables/pfB_Whitelist_v4.txt 2 /vadb/aliastables/pfB_Abuse_PS_v4.txt

pfSense Table Stats

table-entries hard limit 400000 Table Usage Count 154505
UPDATE PROCESS ENDED [ 05/25/19 16:33:33 ]
submitted by disguyisheren to pfBlockerNG [link] [comments]

What are some myths about bitcoin, cryptocurrency, deflationary currencies, and money in general that have been broken by the rise and popularity of bitcoin?

I'm thinking about writing a blog post on this and I'd like it to be comprehensive. Maybe there are some things I haven't thought of yet.
submitted by taw2340949 to Bitcoin [link] [comments]

PortBitX.COM White Paper

White Paper


We are a free society united by the basic idea of ​​freedom and justice, separated from geographical, religious, ethnic and gender prejudices, we reaffirm this document, and we promise to protect freedom and benefit people always and everywhere.

PortBitX Project

The PORTBITX project team creates a service whose main idea is to provide a mobile and convenient system where users and cryptocurrency owners can receive a wide range of services.

1 The essence of the project

The project team asks you to support the creation of a high-tech, simple, convenient and honest ecosystem for people who need to protect their rights and freedoms and use the right to be anonymous and financially independent.
The mission of the project is to create a service for storing and exchanging cryptocurrency assets, and also to become a tool allowing to conduct trading operations regardless of geographic location or language skills.
Advantages of the project:

2 State of affairs

Owing to ignorance or low awareness of people about the nature of cryptocurrency assets, cryptoindustry is mythologized in modern society. This applies to both ordinary people and officials in authority.
As a rule, in the minds of people there is more confidence in traditional financial instruments than in technology during their development, for example blockchain (the inability to change the information block / blockchain chain).History knows many examples when the governments of different countries, guided by the interests of their citizens, inadvertently led to the decline of advanced civil initiatives. This time is a period of complex formation of crypto-economics and state relations, which is still in the making.
The project that we present to your attention has no borders between countries and peoples. And we, a group of enthusiasts, would very much like to cooperate with large government organizations. But, to our deep regret, the states currently at the stage of formation of their cryptocurrency policies make mistakes that negatively affect the crypto community.
The market of cryptocurrency assets, which has a ten-year history of development, is very sensitive to various statements by officials. However, unqualified criticism cannot withstand the global trend. And no one can stop the future.
With all the desire, time does not stand still, technologies themselves continue to evolve, new technologies, new projects, new views that can be upgraded in the distant future, as well as processes of government and regulation themselves, to introduce innovative elements into them. We do not expect the distant future, and many tools are available now. And we have something to offer you.
This is especially relevant against the backdrop of the upcoming global financial crisis, with the inevitable decline in trust in state financial institutions; cryptocurrency have high chances of becoming more popular in the absence of other technological alternatives.
As we noted earlier, there is a lack of awareness among people about Blockchain technology and cryptocurrencies. These technologies are extremely undervalued, since there is much more benefit in them than one can imagine.
In the cryptocurrency assets industry itself, there are fraudsters at this time who are trying to steal or fraudulently get your money.
At the same time, there are many honest crypto projects that can not be realized due to stereotypes of perception of them as fraudulent. Objectively, they could be judged by their work and projects that have been successfully implemented. In principle, it is necessary to be cautious in terms of investing in any projects, even if they are guaranteed by reputable people or companies. No reputable person or company can match the level of guarantee and security of your assets, as in the Bitcoin blockchain.In any case, the decision to invest is yours, not imposed by restrictions, and the responsibility lies with you.
According to Road Map, we intend to fulfill all the terms of the agreement with our participants.
We do not promise you a high yield of our tokens, we put all our experience into the overall welfare of the project and each user. There will be no delisting on the service until the community votes for the opposite.
Our risk is collective. We urge you to make an adequate and balanced choice, instead of imposing any other opinion on you. We are not supporters of aggressive marketing.
There are many cryptocurrency assets and it’s difficult for a regular user to store and exchange them, as well as use them in everyday life.

3 Disadvantages:

These are problems that affect users and cryptocurrency in general.

4 Solution

The PORTBITX project guarantees compliance with all of its obligations and user rights.
We integrate community communications into our PORTBITX service.
Users are offered the following functions:

5 Competitors

Direct market competitors are all decentralized and centralized services related to the purchase or sale of cryptoactive assets, as well as services that provide storage services on a cold or hot crypto wallet.
More than 16 thousand services and more than 2 thousand types of cryptocurrency assets.
We have the opportunity to offer our clients a reliable and open service for the storage and exchange of cryptocurrency assets.
The main competitors are such large cryptocurrency exchanges like Binance, Bitfinix, Bitrix, etc. These multibillion-dollar projects that can affect the entire market and regulate pricing also have millions of crypto communities.
This position is deserved by their work. There are, of course, disadvantages associated with the opacity of their activities, unlike us, but in general they play an important role in the cryptoindustry. Their trading volumes are impressive and inspiring, their mistakes lead to sharp price fluctuations in the crypto market.
There are still crypto exchange. In comparison with the leaders, they are significantly inferior in the volume and number of users. These exchanges include the bulk of all crypto exchanges on the market.
There are also exchange services on the market that allow you to exchange fiat money for cryptocurrency assets. Most often the commission is quite expensive. For example, they can range from 1% to 20%. Such a high commission can be explained by the fact that the locations where buyers and sellers are located have government restrictions or are prohibited.
In addition to all of the above, there are closed groups in social networks or instant messengers. There, people discuss and agree on the price and method of payment. Commissions are often not high from 0% to 5%, but one should not hope that such operations can be safe, since personal meetings are always accompanied by a risk to life or health.
Exchange transactions in the onion network may have no guarantees at all that the transaction will be successful. In deep web, everything works on credibility / reputation, and the higher the seller’s rating, the higher the likelihood of a successful outcome of the transaction. In the same place, you can sell tagged or stolen cryptocurrency assets. For this, there are special mixing sites to hide the criminal trail. These types of exchange operations are the most unreliable.
For this reason, one of the safest types of exchange operations is large centralized cryptocurrency exchanges. Such centralized services, sometimes using their position, impose their own rules, which leads to a loss of users’ material values.
PORTBITX is designed to empower cryptographic protection for maximum convenience and simplicity, as well as to protect the funds and personal data of users.
PORTBITX connects all cryptocurrency assets into one transport hub and creates highly efficient curvilinear isolation of the currency to make cryptocurrency as safe and close to people as possible.

6 Segment

A registered user of the PORTBITX portal can be any person supporting the general idea of ​​a free society. Our users are anonymous and financially independent, with the right to vote and the right to receive common incomes obtained by the operation of the portal and the activity of the crypto community PORTBITX.
For whom we create a service:
It can be ordinary housewives, entrepreneurs, unemployed, self-employed, freelancers, people who invest in the future, wealthy investors, etc.
One of the advantages of the service is anonymity, which gives anyone the right to save and earn around the world online, without fear that tomorrow they will be forced to pay some strange fees or licenses.
Service users are interested in the distribution and real use of cryptocurrency.
Self-regulating community PORTBITX, respecting the rights of all project participants.
Service users are:
For trust in the trade service there will be a seller rating for all types of goods and services presented. There will be a book of reviews about each seller, where each buyer has the right to leave a review about the product or service. This scheme is actively used in Darknet. The basic principle: the more positive reviews, the more trust. Each seller values ​​his authority and thus provides the best possible product or service. The expression “customer is always right,” works because no one wants to lose their customers.Currently, according to blockchain.com, there are used 34 million people who hold their funds in Bitcoin. The remaining number of users is difficult to calculate, but according to our modest calculations, there are at least 2 times more other users in any other currency.
This suggests that there is still a great demand on the market for services of safe storage and exchange of cryptocurrency assets.

7 Bounty

Bounty is a reward of users for PR-activity: subscriptions on forums, maintenance of topics in local language versions, translation of documents into a local language, publications in social networks, blogs and so on.
The terms of the bounty are published in the user profile of the section Terms and conditions of the bounty campaign.
To participate in the bounty campaign, bounty hunter, you need to register on the site PORTBITX.
You agree to the terms and conditions of the Bounty campaign if you register and do Bounty Hunt.
Tasks and their description are listed in the special section “Bounty Hunt”.
Each task is individual and has its own characteristics, so bounty hunters are invited to carefully study the conditions of each task.
Rewards are described in each task separately. The results of remuneration depend on the correct execution of the task.The remuneration is charged to the user’s personal account in the personal account.
There is also a payment history for completed tasks.
After the last fundraising stage, all information will be deleted in favor of the anonymity of users. We will also delete information about site visits and personal information that was required to specify to receive a reward. In the case of a request by third parties for data, we did not have information that could harm bounty hunters.
The bounty budget is 14,325,893 PORTBITX.
The distribution of tokens in stages is as follows:
Stage 1 – 6,325,000 PORTBITX;
Stage 2 – 4 000 000 PORTBITX;
Stage 3 – 4 000 893 PORTBITX.
Distribution of PORTBITX tokens:
If the ICO is not successful, the invested funds will be returned to investors, and the reward for bounty hunters will be canceled.
For this reason, we regulate and monitor the social activity of the bounty hunters so that the conduct of all ICO stages is successful.
For bounty campaigns, an application to the technical department is provided in order to correct them immediately in case of errors, as well as to assist the bounty hunters in carrying out their tasks.
We are building a healthy community, so we ask that the personal opinion and evaluation of the project PORTBITX of each participant be objective and adequate.
Each participant in the campaign bounty is our representative, and for us it is important to have a clear understanding of the face of responsibility and benefit that the community carries out.

8 Market

On the market there are many companies involved in the exchange and storage of cryptocurrency assets.
The number of such services is more than 16,000 and this is not the limit, but it is precisely in the face of fierce competition that truly unique and competitive projects are born.
This market situation motivates us to create a truly useful and necessary service in order to make the range of our service available to a wide range of people.
Recently, according to Google Trends, interest in cryptocurrency has fallen significantly. Now interest has rolled back to the area of ​​2016-17.
Cryptocurrency industry continues to function and develop. Now on the blockchain, you can create your own e-government, your own elections and currency, everything is limited only by the imagination of all industry participants.
The ecosystem is actively developing for the use of cryptocurrency in trading operations. Governments and regulators in different countries are seeking greater transparency in the cryptocurrency industry.
Some, such as the Japanese government, license and regulate crypto exchange and services. In Japan, cryptocurrency has long been accepted as a means of payment in many outlets. In states with despotic regimes and an unstable economy, one of the few tools for the preservation and enhancement of assets is Bitcoin, for this reason in these countries the rate can differ greatly from the average market rate.
The financial crisis and the instability of markets around the world continues to cause fear among people. In some countries want to ban circulation of dollars. Gold cannot be bought in the usual way and owners may experience some difficulties in working with it. Gold has long ceased to be a means of payment.
The priority for us is the safe storage of cryptocurrency assets, maximum user convenience and integration, the popularization of the cryptoindustry in everyday life.
In order for cryptocurrency assets to be used and an integral part of human activity, we want to form a stable market. At the moment, the capitalization of the entire market for a number of years fluctuates in the range of $ 100– $ 300 billion. The range of exchange operations ranges from $ 13-16 billion per day. The number of cryptocurrency assets represented on the markets is more than 2000 types.
The dominance of the main cryptocurrency Bitcoin is in the range of 49-52% of the entire market.
The tendency to reduce the main quotes scares potential investors, but this is not a reason for surrendering positions to a multi-million dollar audience of crypto enthusiasts. The reason why people continue to create new projects and new systems for exchange and transactional systems is the benefits they bring to humanity. In the market, as well as around the world, there are many unscrupulous developers who need to fight.
We are engaged in creating and securing the credibility of the cryptoindustry so that the user can choose a reliable service or network, and not imposed by anyone. This is one of the fundamental aspects of a free community. The right of choice for the user, “the client is always right” is an integral part of the philosophy of the PORTBITX project. By the level of their responsibility, transparency, advanced thought, innovation, in the future, the work of PORTBITX will judge all cryptomir. The better we, PORTBITX work for the good of society, the more trust we have and the more users use the PORTBITX service.
PORTBITX is part of a new culture, part of an ecosystem where the core value is reputation based on trust. This is a project where reputation is more important than money, and utility and service to people is more important than ostentatious hospitality and external gloss, and the safety of the assets of our project participants is more important than our profit indicators.
Capitalization is growing steadily from year to year.
At the beginning of 2017, the capacity of the crypto market was around $ 19 billion. Now capitalization has grown to $ 200 billion. The growth is colossal, but the market is still young and there will be many more challenges on the way to which all market participants will have to respond. And our participants will be the most prepared.
The number of new blockchains and new projects is growing, and the number of participants in the crypto market is also growing. As a result, the attitude of people to the cryptoindustry is changing for the better, just like the cryptoindustry itself.
In 2017, the known cryptocurrency assets were less than 800 species, but now their number has grown. Now on the market represented more than 2,000 species.
Not all assets are honest, there are those whose purpose is to obtain short-term profits, which badly affects the reputation and trust in the cryptoindustry. But, if we recall the story of the beginning of our amazing world, then the price for one Bitcoin was $ 0.00000003. Since then, the situation in the cryptoindustry has changed dramatically.In the future, the cryptoindustry market is waiting for great popularity and that is why reliable and honest services for the storage and exchange of cryptocurrency assets like our project will be needed.
Sharp volatility is such because the market is relatively young and has not reached even a tenth of its potential and capitalization. Therefore, the time in which we live is just a starting point. The world has already passed the Rubicon and there is a long and interesting road ahead.
The potential market we can serve in the future is more than one billion users. Now this market is slightly less than 50 million users.
Experts expect that in the future cryptocurrencies will replace the official fiat money.

9 Product

PORTBITX is a digital portal for storing, exchanging and trading cryptocurrency assets, as well as a platform for selling goods and services for cryptocurrency.
The service is managed by the community by voting. Voting topics are offered through a special application in the voting section.
Service has three main areas.
Secure storage of cryptocurrency.
Secure storage of over 1500 different cryptoactive assets. Safety is ensured by safe cold the repository.
The service itself is not directly connected to the repository to prevent the penetration of potentially dangerous programs. The security of user data in the service itself is protected by a local block chain. The entire database and operations are recorded on the principle of a distributed registry. Hacking one server should do this with hundreds of others located in different places. Mining in this block chain is not performed because all the costs of maintaining such security are borne by the service itself.
The PORTBITX development team is fully responsible for the security of cryptocurrency assets and for the operation of the service. One of the most vulnerable links in the safety chain is the human factor (concerns not only users, but also developers). For this reason, it is necessary to double-check scenarios, conduct stress testing and carefully select personnel.
Exchange
This is a portal for exchanging all available cryptocurrency assets for any other. The number of assets available on the portal will be recorded in the blockchain for a reliable display of the volume, the number of wallets, users and information on all the operations performed since the launch of the main network will also be indicated in the blockchain.
Any cryptocurrency asset can be exchanged for any other if it is in demand. The market decides for itself how and in what to trade. All exchange orders will be visible in online charts. Potentially, we will add more than 2,500,000 pairs to the portal, but not immediately, but in parts and as each cryptocurrency asset is checked. Also the choice for coins or tokens will always be behind the PORTBITX community. After each vote, all results will be published in the section “Voting” and on the official website of the service.
The portal has a convenient interface and an open registry, i.e. users will be able to monitor and control the network with developers. Also, with certain voting results, there may be additions to the network.In the future, we want to release the service in free navigation and stop controlling the network. If we succeed, we will open source code and create jobs for miners.
Marketplace
Marketplace is valid for the sale of services and products for cryptocurrency. High-quality and convenient service. All transactions on the Marketplace are recorded in the main register of the local blockchain. A wide range of products available advertising products and services, two types of payment (with a guarantee and with a reputation) to choose from.
The following portal functionality:
Voting / referendum
An important component of the PORTBITX portal is voting / referendum.
A variety of topics and surveys can be submitted to a vote, directly related to the PORTBITX community and the portal itself. For example, changes in tariff rates, adding new tokens, adding new services and additions to the service.
The right to vote is the right to decide the fate of the community, the right to find the best solution to the problems, the right to be free, honest and fair.
One voice is 5000 PORTBITX. (this limit can be lowered if the community decides on a general vote).
Since tokens can be sold on third-party services, they cannot automatically take part in voting. Also, all available tokens on the portal should be frozen for a period of voting that lasts no more than 24 hours, starting at 00:00 Central European Time.
Tokens are frozen through the user’s personal account in the voting section.Persons who do not have enough tokens for voting, but having the right to profit PORTBITX have the opportunity to see the voting results, as well as to make their proposals for the next vote.
Persons who do not have enough tokens for the right to vote and the right to profit will have the opportunity to group together for collective voting.
Results and coverage of all voting results will be immediately published after the end on the portal’s main page.
A vote is considered legitimate if a quorum gains 65% of the total number of votes. The decision on the outcome of the vote can be made if the number of those who agreed to 100% of those who participated in the vote is 60%. Voting can be repeated if uncrowded by a majority. In this case, the proposal will be revised. The deadline for a deferred vote may pass unplanned within two weeks after the end of the first vote. If, in the second ballot, the majority of votes will also not reach the bulk of 60%, then this issue will be postponed or canceled and will not be considered within the next 6 months.
The right to vote is not just an opportunity to influence the portal, it is the will of the community that developers must obey.
The right to profit
The right to profit is obtained by freezing tokens through the user’s personal account for a period of at least one month. The number of tokens needed to make a profit of at least 1000 PORTBITX.
The calculation of the distribution of profits are as follows.
All profits from all services provided by the service for a certain period of time in the tokens in which the activity was performed are distributed in relation to all community members who have frozen the tokens directly on the service portal. The profit is distributed in the same currencies in which it was received on the service.
In the event that the frozen asset of the PORTBITX tokens is defrosted ahead of time, then the profit it receives during this period will be distributed among the other participants whose tokens remain frozen.
Participation in the project is proved by deed and rewarded, in all fairness.
All profits, namely the estimated profits of users during and at the end of the period can be tracked and seen in the registry on the main page accessible to all interested parties.
PORTBITX developers do not hide revenues and honestly share them with the community.
Each user has the opportunity to check the registry and find their own account.Maximum openness and transparency is the key to trust and success of the service.

10 Road Map

11 Economy and Demand

All information on the movement of funds and their spending will be published on the official website of the company in a special reporting form.
All actions performed by PORTBITX will be covered in the news section of the company’s website.The voting results and the timing of their holding, as well as the topics discussed for voting will be in the user’s personal account in the “voting” section.To date, only about 80 million people have a cryptocurrency, store it or use it in payments.
Now there’s practically no way to find a person who hasn’t heard about bitcoin or blockchain at least once. The cause of mistrust is people who undermine the true face and good intentions of the founding pioneers of the cryptoindustry.
The market is too small and hypervolatil, but this trend will continue only for some time, until the total market capitalization reaches 1 trillion. USD This milestone will further open the way to even more people who want to be part of the crypto world. A larger number of participants will make this market more stable and less prone to hypervolatility.Unfortunately, there are many scammers and individuals who undermine the basis of the industry, and its usefulness. Therefore, the PORTBITX development team creates a service safe for the safety of users’ funds.
According to statistics provided by Blockchain.com from March 2018 to February 2019, the number of new users who registered new cryptocurrency wallets increased from 23 million to 33 million. Based on the data obtained, it can be concluded that there is a need for reliable storage of their cryptocurrency assets.
The year 2019 is a preparatory platform for an even larger number of users, so we decided to create a portal for the ecosystem of the cryptocurrency industry.

12 Project Team

One of the important factors in the decision making for an investor is the transparency and fame of the team that works on the project. An investor can check team members, evaluate and decide on investments. The knowledge and experience of the team is a kind of guarantee that the project will be implemented, but as is often the case in real life, this may be far from reality.
In the cryptoindustry, nothing can be 100% sure. Any ICO defaults to scam.
If you have doubts about our decency, we suggest investing a small amount.
By collecting the minimum amount, we will demonstrate in practice that we are credible, because our goal is to benefit the community.
Founders of PORTBITX
Co-founder and Technical Director Steve Man
Co-founder and CEO of CharleySJ
Director of Marketing and Public Relations MAD Phoenix
Director of Methodology and Legal Support at PenA

13 Investments

The minimum capitalization of the project at the first stage is 1,450 ETH.
The minimum total capitalization of the project will be 56,000 ETH.
The maximum capitalization of the project can reach more than 160,450 ETH.
Tokens will be issued in the amount of 143,258,928.57142.
Share will be up to 8 decimal places. ICO is calculated in three stages.
We create a product that meets modern requirements and market challenges. Additional issue is not provided. After the last stage of the ICO, all assets not sold will be destroyed.
We initially limit the emission of tokens in order to avoid a large amount of excess asset. Being part of the PORTBITX community means having the privilege of voting and profit of the service. And that means – to understand the idea and share the philosophy of the cryptoindustry and with full responsibility to approach the decisions that will affect the community.
The opportunity to receive a bonus will be among the participants of the Bounty campaign and among ICO investors, but by decision of the crypto community.
Return of investment will be carried out in several ways.
By obtaining distributed service profit
Due to the possibility of selling a token at the market price, which can be ten times higher than the initial cost.
The token will be based on the ERC20.
The predicted price of a token at the end of an ICO can be about $ 3.7.
The projected service revenue for the first year may be more than $ 500 million.
Pricing can be changed if there is an ETH price manipulation before release.
The news about the name and the release of tokens will be announced in the official news, so you should not give in to manipulation.

14 ICO Features

Jurisdiction: Blockchain
The number of tokens is 143 million.
On ICO 80.225 million
On a bounty campaign of 14.3 million
The developers and founders of 34.382 million, and the maintenance of the service 14.3 million.
Distribution will be carried out automatically.
The following fundraising is provided:
Stage 1 – 1,450 ETH
Stage 2 – 10,000 ETH
Stage 3 – 149,000 ETH
Pricing and limits
1st stage ICO
1 PBX = 0.002 ETH
1 ETH / 0.002 = 500 PBX
5 ETH / 0.0015 = 3 333.33333333 PBX
10 ETH / 0.001 = 10,000 PBX
Rules of the first stage:
The minimum amount to raise funds 1,450
Price is limited to pricing policy.
Bounty company 6 million
Refund in case of not reaching the minimum amount to raise funds
2nd stage ICO
1 PBX / 0.003 ETH
1 ETH / 0.003 = 333.33333333 PBX
5 ETH / 0.0025 = 2,000 PBX
10 ETH / 0.002 = 5,000 PBX
3rd stage ICO
1 PBX / 0.004 ETH
0.5 ETH / 0.004 = 125 PBX
1 ETH / 0.0035 = 285.71428571 PBX
5 ETH / 0.003 = 1 666.66666666 PBX
10 ETH / 0.0025 = 4,000 PBX

15 Legal aspects

Placement of the company – Blockchain. This is due to the fact that we approach the project with full responsibility and are aware of the consequences of our actions, as well as due to pressure from some states and their unfriendly policy to the cryptoindustry.
Also, the service will not be present fiatnye currency, as their existence is not combined with the philosophy of our company. We will temporarily not specify the location of the company, as well as disclose the names of developers for the safety of their rights to life, health and freedom.
Since we consider ourselves a free community, some data for the sake of security for the sake of this freedom will be hidden from outsiders.
We guarantee a refund in case of unsuccessful first stage at 100% minus the miners commission.
This is important because the tools incorporated in the first stage are necessary for creating the kernel and the subsequent imposition of software modules.
We considered options for direct investment in the project from private investors, but since these investors could influence our strategy and policies, and since they could take some of the functions from the community, we decided to invest in our project as a community by Ico.
The risk of investing in our project, of course, is great, but we want to build a really useful service for the industry as a whole and for each user of the service separately. Therefore, we enable the community to judge us by our work.
submitted by Portbitx to u/Portbitx [link] [comments]

08-09 05:43 - 'Now that bitcoin is past $10,000 again will bitcoin keep on rising until its at $20,000 by the end of 2019?' (self.Bitcoin) by /u/lisamartinez_ removed from /r/Bitcoin within 66-76min

'''
As many experts pointed out, BTC going above the key psychological $10,000 mark is likely to trigger FOMO (i.e., fear of missing out), according to Fundstrat’s Tom Lee, who adds that bitcoin can now easily take out its all-time highs.
Other market analysts, such as Tone Vays, however, disagree. He told Cointelegraph:
“I actually don’t think it’s important at all. The $10,000 benchmark did nothing to slow down price back in 2017. And it looks like it did nothing to slow down the prices here in 2019.”
Institutions, not retail, in the driver’s seat
Bitcoin broke through into the mainstream in late 2017. At the time, its historic surge to nearly $20,000 was driven mainly by retail investors. This time, however, the public is still largely on the sidelines, according to Google Trends.
In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet, which may suggest that BTC price could go much higher than last time.
People dont realise that there are other options of making more on Bitcoin and other cryptocurrency. example , investing on platforms like Vertex Capital ([[link]2 ) where you get double of your invested cryptocurrency after 7days. With that, you cant lose on cryptocurrency. Thank me later.
On the other hand, institutional demand for bitcoin has soared. As of June 17, open interest at CME Group saw 5,311 contracts totalling 26,555 BTC, or approximately $246 million — dwarfing the volumes during the 2017 price peak.
“CME Bitcoin futures (BTC) shows growing signs of institutional interest,” CME Group tweeted June 18.
“BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17 (26,555 equivalent bitcoin; ~$250M notional).”
Other indicators, such as the GBTC price premium as well as record volume for bitcoin derivatives exchange BitMEX (on a Saturday!), also suggests that “smart money” is pouring in.
Network fundamentals better than ever
As Cointelegraph reported on Friday, hash rate hit a new all-time high at over 65,000,000 TH/s. In other words, Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network.
Meanwhile, other fundamentals have also grown in lockstep with hash rate. Daily on-chain transaction volume, block size and other metrics are also confirming that more people than ever are using bitcoin.
Additionally, network transaction fees have remained relatively low compared to 2017, with optimizations like segwit and off-chain scaling solutions like the lightning network helping ease congestion.
Bitcoin reward halving still 9-10 months away
The latest rally to five figures is also happening way before the Bitcoin block reward halving set for May 2020. This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers.
Interestingly, the previous halving event occurred in the summer of 2016 — or more than a year before the price skyrocketed.This time, however, BTC/USD appears to be front-running the event, as the halving is still 333 days away.
A popular bitcoin market analyst known as PlanB suggests that investors may not be waiting this time around for the expected reduction in supply. He added:
“Front running would be in line with Efficient Market Hypothesis: if you believe S2F and that BTC will be $50k May 2020, why wait?”
The bigger macroeconomic picture:
Of course, intraday BTC price moves are not as important for low time preference investors. These “hodlers” are confident that bitcoin — with its fixed supply — will outperform fiat currencies, whose supply is growing at an accelerating pace over the long term.
On June 18, European Central Bank head Mario Draghi hinted that a monetary stimulus is on the way if the economy doesn’t improve. This is an increasingly dovish tone that was applauded by the financial sector.
At the same time, Draghi was criticized by United States President Donald Trump, who said this would spark unfair European competition against the U.S., whose federal reserve is also suggesting it will hold off on raising interest rates.
Morgan Creek co-founder Anthony Pompliano tweeted that this will make bitcoin even more scarce as interest rates go lower and more fiat currency is created:
Therefore, the biggest macroeconomic picture looks bright for bitcoin investors who are dumping ever-depreciating fiat currencies for hard-capped “digital gold.”
What’s more, investors are starting to not only realize that bitcoin’s supply is fixed and transparent, but it’s also the world’s first neutral, open-access money that no authority can control.
In other words, what the internet did to information, bitcoin is starting to do to money.
Historic BTC market cycles, rising institutional interest alongside an increasingly robust network fundamentals, as well as the confirmed depreciating value of fiat currencies, could all propel bitcoin’s price orders of magnitude higher than in 2017.
'''
Now that bitcoin is past $10,000 again will bitcoin keep on rising until its at $20,000 by the end of 2019?
Go1dfish undelete link
unreddit undelete link
Author: lisamartinez_
1: th*verte*ca**tal.co*/ 2: theve*texcapi**l.***/]^^1
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submitted by removalbot to removalbot [link] [comments]

Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

https://preview.redd.it/7no41jsm15j31.png?width=860&format=png&auto=webp&s=d6ba8af3f9e2d79c49ad5f0af891e8f107c58468
Bitcoin’s recent market movements have thrown into contention consensus about its short-term price direction, with traders asking openly if demand is strong enough to fend off another bear market.
Such a question has emerged in the wake of the world’s largest cryptocurrency’s inability to set new highs above those seen in June and July, when optimism about a Facebook cryptocurrency launchpushed the price of bitcoin to $13,880 and $13,200 on June 26 and July 10, respectively.
Since then, bitcoin has largely failed to test these highs again, prompting speculation traders may be willing to push the market into a lower range, one that could be deepened by available futures options.
However, investors and analysts remain bullish based on the assumption that demand will continue its current course, helping to sustain prices around $10,000 until next year’s May halving takes effect. Then, investors will see the amount of new bitcoin introduced to the market daily cut in half, with each new block in the blockchain producing 6.25 BTC, down from 12.5 BTC.
As can be seen by the recent litecoin halving, events that increase the perceived scarcity of cryptocurrencies have proven to catalyze buying interest.
Further, Jeff Dorman, chief investment officer at Arca, an investment management firm focused on the asset class, argues that with the likes of Bakkt and Fidelity opening their doors to new money amid current global economic tensions, bitcoin looks attractive to large hedge fund managers seeking to offset risk in traditional markets.
Dorman told CoinDesk:
“Most macro hedge funds are contemplating using BTC as a better way to offset the systemic risks that are building globally. There seems to be too much interest and too much money on the sidelines for the market to really go lower in any meaningful way.”

Factoring Miner Demand

Analyzing the cryptocurrency markets remains an evolving science, but new metrics suggest that bitcoin may currently be priced favorably ahead of the halving event.
The Diffiulty Ribbon, created by influential market analyst Willy Woo, for example, was recently released. It helps illustrate how leading analysts believe miner selling pressure affects the price of bitcoin.
(As miners are believed to sell the BTC they receive from winning block rewards — to pay employees, electrical bills and other real-world costs — they are believed to influence market direction.)

https://preview.redd.it/7w5m5l9x15j31.png?width=1000&format=png&auto=webp&s=dfa3ab2380367e45ae1a7b6e9f295241e99e57ec
The above chart shows bitcoin’s “network difficulty,” a function of how hard the software makes it to discover a new block and thus claim the new cryptocurrency it releases to the market.
When the rate of network difficulty increases slows, analysts believe this is a sign miners are shutting off their hardware (leaving only the strong miners who proportionally need to sell fewer coins to remain operational). It’s believed this leads to reduced sell pressure and more room for price increases.
The ribbon consists of simple moving averages of BTC network difficulty so the rate of change of difficulty can be easily seen. According to Woo, the best times to buy BTC are zones where the ribbon compresses.
He said:
“The timing of the last difficulty ribbon compression is very bullish, especially given we expect another compression at the halving, I don’t think we have time to come into a bear season before then.”

Holding $10K

That said, less sophisticated investors may be using simple price charts to gauge entries.
The last two months have produced a series of lower highs putting a clamp to further growth. This can be observed in the amount of sell pressure bitcoin has seen when approaching upper resistances $10,800-$13,200.

https://preview.redd.it/84r4t4c025j31.png?width=1000&format=png&auto=webp&s=1450ed1f2116b89f158aa954711343f7b0af05b4
Still, prices have held above $10,000 by the end of each daily closing period for nearly 30 days, suggesting that demand for bitcoin below that mark remains strong. As a result, some analysts believe BTC’s outlook would only change bias from bullish-to-bearish long-term should a firm close below $7,333 (200-day moving average) occur.
Still, the pressure is now mounting on the bulls to produce something significant in the short-term or else risk exposing lower supports at $9,600.
Whether or not short-term price action remains bearish, analysts agree that BTC is still bullishly bid based on its position above the aforementioned 200-daily moving average and current mining activity.
However, Dorman argues simple psychology may be the overriding factor so long as $10,000 remains a strong support and belief in the halving as a price catalyst remains strong.
He concluded:
“In general, across any asset class, when consensus is to buy lower… you rarely get that chance.”
Disclosure: This author holds no cryptocurrency at time of writing.
Bull and bear image via Shutterstock; Charts via TradingView
submitted by GTE_IO to u/GTE_IO [link] [comments]

To any concern troll worried that the Bitcoin (Cash) network wouldn't be able to handle the transaction volume required to keep fees low indefinitely

Just had a conversation here about this. Below is the relevant content where I argue that 0.1 cent transaction fees (that's $0.001) are viable indefinitely, even after the mining block subsidy runs out. If I've made any unreasonable assumptions (or am off by a whole decimal point somewhere =P), please let me know.
The current block reward for btc is 12.5 Bitcoin, currently valued at approximately $125,000. This is after a huge price rise, and miners were mining for much less than this before, so this is a generous number to start with for anyone worried that the miners would not mine for less.
In order to get comparable reward for the miners just from fees at 0.1 cents ($0.001) per transaction, you'd need
$125,000/$0.001 = 125,000,000 transactions per block,
or 125,000,000/600=~ 208,333 transactions per second.
That translates to 208,333.33tps/(2000tps/gb) =~ 104.166 gigabyte blocks.
The block subsidy is scheduled to run out sometime around the year 2140. Storage and netoworking capacity has followed Moore's Law, so:
100 years * 12 months/year = 1,200 months
1,200 months/(18 months/doubling) =~ 66.66 doublings of capacity between now and when the block subsidy runs out.
If we can handle 1 gigabyte blocks today, it's not impossible that we'll be able to handle 266 gb blocks in 100 years. (That's 116,589,520,000,000,000,000 gb blocks, way way way way way way way way way way bigger than the required 104.166gb blocks necessary for 0.1 cent transactions to fund the miners.)
You could argue that we'll hit physical barriers in moore's law long before then. Maybe we will, maybe we won't. (They said we'd hit physical barriers for transistors at 5nm but we've already got 1nm transitors, so at least one prediction of the end of Moore's Law has failed. For all we know, Moore's law will be broken in the other direction when the singularity figures out how to double capacity it every 3 days.)
Let's assume that Moore's law will fail, however, to put my claims under the utmost scrutiny. How many doublings of capacity will we need before Moore's Law fails to at least to get us to that number of 104.166gb, so that the miners can be subsidized by 0.1 cent fees?
1gb * 2x = 104.66gb
2x = 104.66
log2( 2x ) = log2(104.66)
x=6.70956635384 doublings
18months/doubling *6.70956635384 doublings = 120.772194369 months =~ 10 years.
Moore's law only has to keep up for another 10 years for it to be viable to fund miners as much as they're getting today from the block subsidy, 100% via 0.1 cent transaction fees. And that's only going to need to happen in 100 years.
submitted by AD1AD to btc [link] [comments]

You have the math, you have the ability, now apply reason, logic, and intuition and you will discover the future turn of this world. Blessings.

I have conducted extensive research into the question, and the have calculated the most appropriate value based on today's metrics and understanding.
Long story short "Empty Block Bonuses" needs to be limited to approximately $50 Million monthly. If more than $100 Million or less than $5 Million, it should be adjusted.
To arrive at this value, issuance of New ETH should be reduced from 5 -> 1, IMMEDIATELY, August 1st. At which point it should be reduced in half every 500,000 Blocks (3 months), approximately or at a minimum 1,000,000 Blocks (6 months).
Regarding the Economics, transaction fees are pegged to $0.25 approximately, while Bonuses are fixed to a % of the Market Cap. Effectively, this means that all Bonuses in excess of $50 Million monthly is wasted, as it creates an unnecessary and undesirous expense with no long term value. It's equivalently the same as burning money.
Prior to February 28th, the most Ethereum had spent on "Block Chain Security Bonuses" in a given month was $13 Million dollars (Feb, 2017) or $104 Million for all of 2016. This is what I call the appropriate cost for block chain security. However, as it is an unlimited dollar figure tied to the market cap (or daily issuance x spot price), Ethereum spent $41 Million in March, $61 Million in April, $177 Million in May, $272 Million in June, and $104 Million in July - keep in mind this is always in addition to the millions in transaction fees, which is the negotiated fee between miners and holders, and thus constantly adjusted to the correct real world values.
Any value about $50 Million monthly is pure waste, IMO, or spending 4x more than at any point during 2016. Likewise, the mathematics and the economics of the code create maximum sustainable or useful values of Market Cap / spot prices. Effectively, in the current system of 5 ETH per block, the maximum sustainable value for Ethereum is approximately $120. With the next change from 5 -> 3 the maximum sustainable value will be $200. However, by reducing the cost from 5 -> 1, Ethereum can sustain a spot price of $600. If Ethereum reached $600 today, Block Chain security expenses would change from what it should be (about $100 Million) to $550 Million monthly, until the price of Ethereum went back down to $120.
However, what you will find is that by changing the rate of Price Deflation from 5 ETH per block to 1 ETH per block, is that Ethereum will become universally sustainable without significant future management involvement, as the rate of Price Deflation will become the lowest or within 1% of the lowest Price Deflationary currency on Earth. Bitcoin has managed this achievement through issuing a guess in 2008 / 2009 as to what the value of block chain will be in 2017. You can likewise time the 'run up' of block chain to periods shortly after where Bitcoin cuts it's expense in half.
Bitcoin guessed in 2009 what the price would be in 2017. Based on that calculus it came up with 4%. Ethereum is guessing in 2017 what the price will be in 2017. It has significant advantage over Bitcoin in this regard. With certainty, we can expect the price to be more than $100 but less than $300. However, would you dare guess what the price will be in 2025? This is effectively what Bitcoin attempted to do.
Bitcoin is currently spending $113 Million monthly on block chain security, LiteCoin $17 Million, and Dash $7 to $14 Million depending on a point of view. The maximum a competing coin has spent in a single month at any point in time is approximately $20 Million, for any coin made after 2009. Bitcoin (and Ethereum) are the only coins to have ever spent more than $20 Million in a single month, with Ethereum spending $273 Million in June, 2017, the most spent by any coin in a single month in the history of block chain technology.
Therefor, based on an extremely sound and reasoned argument, with full appreciation and understanding of the block chain economic systems, I am recommending the following:
To add an issuance reduction, I recommend that for block.number >= METROPOLIS_FORK_BLKNUM:
Let X = 1 ETH (ie. 1,000,000,000,000,000,000 wei) - 2.2% Inflation
Change the block reward to X
If an uncle is included in a block such that block.number - uncle.number = k, the uncle reward is (8-k) * X / 8 (this is the existing pre-Metropolis formula for uncle rewards with X=5)
The nephew reward is X / 32 (this is the existing pre-Metropolis formula for uncle rewards with X=5)
With the following programmed adjustments to future Bonuses:
Let X1 = 0.50 ETH after 500,000 Blocks (11/1/17) - 1.1% Inflation
Let X2 = 0.25 ETH after 500,000 Blocks (2/1/18) - 0.6% Inflation
Let X3 = 0.13 ETH after 833,333 Blocks (7/1/18) - 0.3% Inflation
Let X4 = 0.06 ETH after 1,000,000 Blocks (1/1/19) - 0.15% Inflation
Let X5 = 0.03 ETH after 1,000,000 Blocks (7/1/19) - 0.08% Inflation ... and on going.
On these dates, after appropriately adjusting the market to the corrected economic conditions, you would find the following expense outcomes.
8/1/17 - $100 to $900 Spot Price - Monthly Expenses $17 Million to $155 Million
11/1/17 - $400 to $1,200 Spot Price - Monthly Expense $34 Million to $103 Million
2/1/18 - $600 to $2,400 Spot Price - Monthly Expense $50 Million to $200 Million
7/1/18 - $1,200 to $4,000 Spot Price - Monthly Expense $50 Million to $170 Million
1/1/19 - $4,000 to $12,000 Spot Price - Monthly Expense $41 Million to $124 Million
7/1/19 - $12,000 to $30,000 Spot Price - Monthly Expense $62 Million to $155 Million
While those estimates may seem outlandish, it is the result of creating the most perfect financial system in the history of human existence. Bitcoin perfected the heart beat of the block chain, fixing the time signature regardless to the amount of computer put against it. However, it is unable to eliminate inflation, as it was set in stone in 2009.
By establishing 1 ETH per block on August 1st, Ethereum will become the least inflationary, most stable asset in human existence. By Feb 2018, the rate of inflation can be set to less than 1%, vs 11% today. Put another way, today every 1 in 9 Ethereum purchasers of average $5,000 US must recruit another user to purchase $5,000 ETH each year to maintain Spot price stability, and cover the costs of block chain security. By July 2018, that will go down to 1 in 400 Ethereum users, and get cut in half every 6 months after that.
Effectively making the rate of inflation in Metropolis significantly below the rate of birth and GDP, and significantly lower than any other financial system. Bitcoin will be stuck at 4% until 2019 and US Dollar is speculated to be 1 to 3%, while Ethereum will be 0.3%.
Following the plan above, by July 2018, the market cap of Ethereum will be over $1 Trillion dollars, effectively making it the first world currency in the history of Earth.
If Bitcoin was to attempt to achieve a similar valuation, it's monthly expenses would necessarily increase from $110 Million to $3.3 Billion, a month. Effectively this stagnates the future growth of Bitcoin, as it is cheaper to create and market an alternative coin than it is to waste over $30 Billion annually for an expense that cost $1 Billion annually just 1 year previous - Put another way, Bitcoin would need to recruit over 6,000,000 new customers of $5,000 annually to sustain the expense, where as under my model Ethereum would need to recruit 151,000 customers annually to sustain a spot price of $12,000 by July 2019 with a $1 Trillion dollar valuation. Currently Ethereum is recruiting approximately 300,000 new customers a year.
This means to maintain stability under the 5 ETH system, at $150 Spot Price, they need 315,000 New customers annually. Beginning August 1st, at 1 ETH, this goes down to 63,000 annually. As the natural rate is closer to 300,000, this unavoidable escalates the price, which escalates the expense, until it reaches equilibrium around $750, which I speculate would occur by 10/31/17. With the same rate of new customer acquisition as is today, we can achieve a price of $750, simply by controlling expenses, while maintain an expense level which will be the highest on the market, aside 2009's Bitcoin.
Ethereum can set itself on an unstoppable path to become the global currency by establishing 1 ETH per block on August 1st. You have the math, you have the ability, now apply reason, logic, and intuition and you will discover the future turn of this world. Blessings.
You can double check my work here:
https://docs.google.com/spreadsheets/d/1onjAoS1oBEE4B15i2u_VuXPAG4556v-nPfe7qktrEJU/edit?usp=sharing
Please make a copy, as it is an editable document which I have backed up in case it is changed down the road, but the document you view may not be the document as intended if others make malicious changes. Thank you for the understanding.
Link to comment within the EIP 649 board:
https://github.com/ethereum/EIPs/pull/669#issuecomment-315765514
submitted by kybarnet to ethtrader [link] [comments]

White Paper

We are a free society united by the basic idea of ​​freedom and justice, separated from geographical, religious, ethnic and gender prejudices, we reaffirm this document, and we promise to protect freedom and benefit people always and everywhere.

PortBitX Project

The PORTBITX project team creates a service whose main idea is to provide a mobile and convenient system where users and cryptocurrency owners can receive a wide range of services.

1 The essence of the project

The project team asks you to support the creation of a high-tech, simple, convenient and honest ecosystem for people who need to protect their rights and freedoms and use the right to be anonymous and financially independent. The mission of the project is to create a service for storing and exchanging cryptocurrency assets, and also to become a tool allowing to conduct trading operations regardless of geographic location or language skills.
Advantages of the project:

2 State of affairs

Owing to ignorance or low awareness of people about the nature of cryptocurrency assets, cryptoindustry is mythologized in modern society. This applies to both ordinary people and officials in authority.
As a rule, in the minds of people there is more confidence in traditional financial instruments than in technology during their development, for example blockchain (the inability to change the information block / blockchain chain). History knows many examples when the governments of different countries, guided by the interests of their citizens, inadvertently led to the decline of advanced civil initiatives. This time is a period of complex formation of crypto-economics and state relations, which is still in the making.
The project that we present to your attention has no borders between countries and peoples. And we, a group of enthusiasts, would very much like to cooperate with large government organizations. But, to our deep regret, the states currently at the stage of formation of their cryptocurrency policies make mistakes that negatively affect the crypto community.
The market of cryptocurrency assets, which has a ten-year history of development, is very sensitive to various statements by officials. However, unqualified criticism cannot withstand the global trend. And no one can stop the future.
With all the desire, time does not stand still, technologies themselves continue to evolve, new technologies, new projects, new views that can be upgraded in the distant future, as well as processes of government and regulation themselves, to introduce innovative elements into them. We do not expect the distant future, and many tools are available now. And we have something to offer you.
This is especially relevant against the backdrop of the upcoming global financial crisis, with the inevitable decline in trust in state financial institutions; cryptocurrency have high chances of becoming more popular in the absence of other technological alternatives. As we noted earlier, there is a lack of awareness among people about Blockchain technology and cryptocurrencies. These technologies are extremely undervalued, since there is much more benefit in them than one can imagine. In the cryptocurrency assets industry itself, there are fraudsters at this time who are trying to steal or fraudulently get your money.
At the same time, there are many honest crypto projects that can not be realized due to stereotypes of perception of them as fraudulent. Objectively, they could be judged by their work and projects that have been successfully implemented. In principle, it is necessary to be cautious in terms of investing in any projects, even if they are guaranteed by reputable people or companies. No reputable person or company can match the level of guarantee and security of your assets, as in the Bitcoin blockchain. In any case, the decision to invest is yours, not imposed by restrictions, and the responsibility lies with you.
According to Road Map, we intend to fulfill all the terms of the agreement with our participants. We do not promise you a high yield of our tokens, we put all our experience into the overall welfare of the project and each user. There will be no delisting on the service until the community votes for the opposite. Our risk is collective. We urge you to make an adequate and balanced choice, instead of imposing any other opinion on you. We are not supporters of aggressive marketing. There are many cryptocurrency assets and it’s difficult for a regular user to store and exchange them, as well as use them in everyday life.

3 Disadvantages:

These are problems that affect users and cryptocurrency in general.

4 Solution

The PORTBITX project guarantees compliance with all of its obligations and user rights.
We integrate community communications into our PORTBITX service.
Users are offered the following functions:

5 Competitors

Direct market competitors are all decentralized and centralized services related to the purchase or sale of cryptoactive assets, as well as services that provide storage services on a cold or hot crypto wallet. More than 16 thousand services and more than 2 thousand types of cryptocurrency assets. We have the opportunity to offer our clients a reliable and open service for the storage and exchange of cryptocurrency assets.
The main competitors are such large cryptocurrency exchanges like Binance, Bitfinix, Bitrix, etc. These multibillion-dollar projects that can affect the entire market and regulate pricing also have millions of crypto communities. This position is deserved by their work. There are, of course, disadvantages associated with the opacity of their activities, unlike us, but in general they play an important role in the cryptoindustry. Their trading volumes are impressive and inspiring, their mistakes lead to sharp price fluctuations in the crypto market.
There are still crypto exchange. In comparison with the leaders, they are significantly inferior in the volume and number of users. These exchanges include the bulk of all crypto exchanges on the market. There are also exchange services on the market that allow you to exchange fiat money for cryptocurrency assets. Most often the commission is quite expensive. For example, they can range from 1% to 20%. Such a high commission can be explained by the fact that the locations where buyers and sellers are located have government restrictions or are prohibited.
In addition to all of the above, there are closed groups in social networks or instant messengers. There, people discuss and agree on the price and method of payment. Commissions are often not high from 0% to 5%, but one should not hope that such operations can be safe, since personal meetings are always accompanied by a risk to life or health. Exchange transactions in the onion network may have no guarantees at all that the transaction will be successful. In deep web, everything works on credibility / reputation, and the higher the seller’s rating, the higher the likelihood of a successful outcome of the transaction. In the same place, you can sell tagged or stolen cryptocurrency assets. For this, there are special mixing sites to hide the criminal trail. These types of exchange operations are the most unreliable.
For this reason, one of the safest types of exchange operations is large centralized cryptocurrency exchanges. Such centralized services, sometimes using their position, impose their own rules, which leads to a loss of users’ material values. PORTBITX is designed to empower cryptographic protection for maximum convenience and simplicity, as well as to protect the funds and personal data of users. PORTBITX connects all cryptocurrency assets into one transport hub and creates highly efficient curvilinear isolation of the currency to make cryptocurrency as safe and close to people as possible.

6 Segment

A registered user of the PORTBITX portal can be any person supporting the general idea of ​​a free society. Our users are anonymous and financially independent, with the right to vote and the right to receive common incomes obtained by the operation of the portal and the activity of the crypto community PORTBITX. For whom we create a service:
It can be ordinary housewives, entrepreneurs, unemployed, self-employed, freelancers, people who invest in the future, wealthy investors, etc. One of the advantages of the service is anonymity, which gives anyone the right to save and earn around the world online, without fear that tomorrow they will be forced to pay some strange fees or licenses. Service users are interested in the distribution and real use of cryptocurrency. Self-regulating community PORTBITX, respecting the rights of all project participants.
Service users are:
For trust in the trade service there will be a seller rating for all types of goods and services presented. There will be a book of reviews about each seller, where each buyer has the right to leave a review about the product or service. This scheme is actively used in Darknet. The basic principle: the more positive reviews, the more trust. Each seller values ​​his authority and thus provides the best possible product or service. The expression “customer is always right,” works because no one wants to lose their customers. Currently, according to blockchain.com, there are used 34 million people who hold their funds in Bitcoin. The remaining number of users is difficult to calculate, but according to our modest calculations, there are at least 2 times more other users in any other currency. This suggests that there is still a great demand on the market for services of safe storage and exchange of cryptocurrency assets.

7 Bounty

Bounty is a reward of users for PR-activity: subscriptions on forums, maintenance of topics in local language versions, translation of documents into a local language, publications in social networks, blogs and so on. The terms of the bounty are published in the user profile of the section Terms and conditions of the bounty campaign. To participate in the bounty campaign, bounty hunter, you need to register on the site PORTBITX.
You agree to the terms and conditions of the Bounty campaign if you register and do Bounty Hunt. Tasks and their description are listed in the special section “Bounty Hunt”.
Each task is individual and has its own characteristics, so bounty hunters are invited to carefully study the conditions of each task. Rewards are described in each task separately. The results of remuneration depend on the correct execution of the task. The remuneration is charged to the user’s personal account in the personal account.
There is also a payment history for completed tasks.
After the last fundraising stage, all information will be deleted in favor of the anonymity of users. We will also delete information about site visits and personal information that was required to specify to receive a reward. In the case of a request by third parties for data, we did not have information that could harm bounty hunters.
The bounty budget is 14,325,893 PORTBITX. The distribution of tokens in stages is as follows:
Stage 1 – 6,325,000 PORTBITX; Stage 2 – 4 000 000 PORTBITX; Stage 3 – 4 000 893 PORTBITX.
Distribution of PORTBITX tokens:
If the ICO is not successful, the invested funds will be returned to investors, and the reward for bounty hunters will be canceled.
For this reason, we regulate and monitor the social activity of the bounty hunters so that the conduct of all ICO stages is successful. For bounty campaigns, an application to the technical department is provided in order to correct them immediately in case of errors, as well as to assist the bounty hunters in carrying out their tasks.
We are building a healthy community, so we ask that the personal opinion and evaluation of the project PORTBITX of each participant be objective and adequate. Each participant in the campaign bounty is our representative, and for us it is important to have a clear understanding of the face of responsibility and benefit that the community carries out.

8 Market

On the market there are many companies involved in the exchange and storage of cryptocurrency assets. The number of such services is more than 16,000 and this is not the limit, but it is precisely in the face of fierce competition that truly unique and competitive projects are born.
This market situation motivates us to create a truly useful and necessary service in order to make the range of our service available to a wide range of people. Recently, according to Google Trends, interest in cryptocurrency has fallen significantly. Now interest has rolled back to the area of ​​2016-17.
Cryptocurrency industry continues to function and develop. Now on the blockchain, you can create your own e-government, your own elections and currency, everything is limited only by the imagination of all industry participants.
The ecosystem is actively developing for the use of cryptocurrency in trading operations. Governments and regulators in different countries are seeking greater transparency in the cryptocurrency industry.
Some, such as the Japanese government, license and regulate crypto exchange and services. In Japan, cryptocurrency has long been accepted as a means of payment in many outlets. In states with despotic regimes and an unstable economy, one of the few tools for the preservation and enhancement of assets is Bitcoin, for this reason in these countries the rate can differ greatly from the average market rate.
The financial crisis and the instability of markets around the world continues to cause fear among people. In some countries want to ban circulation of dollars. Gold cannot be bought in the usual way and owners may experience some difficulties in working with it. Gold has long ceased to be a means of payment.
The priority for us is the safe storage of cryptocurrency assets, maximum user convenience and integration, the popularization of the cryptoindustry in everyday life.
In order for cryptocurrency assets to be used and an integral part of human activity, we want to form a stable market. At the moment, the capitalization of the entire market for a number of years fluctuates in the range of $ 100– $ 300 billion. The range of exchange operations ranges from $ 13-16 billion per day. The number of cryptocurrency assets represented on the markets is more than 2000 types.
The dominance of the main cryptocurrency Bitcoin is in the range of 49-52% of the entire market.
The tendency to reduce the main quotes scares potential investors, but this is not a reason for surrendering positions to a multi-million dollar audience of crypto enthusiasts. The reason why people continue to create new projects and new systems for exchange and transactional systems is the benefits they bring to humanity. In the market, as well as around the world, there are many unscrupulous developers who need to fight.
We are engaged in creating and securing the credibility of the cryptoindustry so that the user can choose a reliable service or network, and not imposed by anyone. This is one of the fundamental aspects of a free community. The right of choice for the user, “the client is always right” is an integral part of the philosophy of the PORTBITX project. By the level of their responsibility, transparency, advanced thought, innovation, in the future, the work of PORTBITX will judge all cryptomir. The better we, PORTBITX work for the good of society, the more trust we have and the more users use the PORTBITX service.
PORTBITX is part of a new culture, part of an ecosystem where the core value is reputation based on trust. This is a project where reputation is more important than money, and utility and service to people is more important than ostentatious hospitality and external gloss, and the safety of the assets of our project participants is more important than our profit indicators.
Capitalization is growing steadily from year to year.
At the beginning of 2017, the capacity of the crypto market was around $ 19 billion. Now capitalization has grown to $ 200 billion. The growth is colossal, but the market is still young and there will be many more challenges on the way to which all market participants will have to respond. And our participants will be the most prepared.
The number of new blockchains and new projects is growing, and the number of participants in the crypto market is also growing. As a result, the attitude of people to the cryptoindustry is changing for the better, just like the cryptoindustry itself. In 2017, the known cryptocurrency assets were less than 800 species, but now their number has grown. Now on the market represented more than 2,000 species.
Not all assets are honest, there are those whose purpose is to obtain short-term profits, which badly affects the reputation and trust in the cryptoindustry. But, if we recall the story of the beginning of our amazing world, then the price for one Bitcoin was $ 0.00000003. Since then, the situation in the cryptoindustry has changed dramatically. In the future, the cryptoindustry market is waiting for great popularity and that is why reliable and honest services for the storage and exchange of cryptocurrency assets like our project will be needed.
Sharp volatility is such because the market is relatively young and has not reached even a tenth of its potential and capitalization. Therefore, the time in which we live is just a starting point. The world has already passed the Rubicon and there is a long and interesting road ahead. The potential market we can serve in the future is more than one billion users. Now this market is slightly less than 50 million users. Experts expect that in the future cryptocurrencies will replace the official fiat money.

9 Product

PORTBITX is a digital portal for storing, exchanging and trading cryptocurrency assets, as well as a platform for selling goods and services for cryptocurrency. The service is managed by the community by voting. Voting topics are offered through a special application in the voting section.
Service has three main areas.
Secure storage of cryptocurrency.
Secure storage of over 1500 different cryptoactive assets. Safety is ensured by safe cold the repository. The service itself is not directly connected to the repository to prevent the penetration of potentially dangerous programs. The security of user data in the service itself is protected by a local block chain. The entire database and operations are recorded on the principle of a distributed registry. Hacking one server should do this with hundreds of others located in different places. Mining in this block chain is not performed because all the costs of maintaining such security are borne by the service itself. The PORTBITX development team is fully responsible for the security of cryptocurrency assets and for the operation of the service. One of the most vulnerable links in the safety chain is the human factor (concerns not only users, but also developers). For this reason, it is necessary to double-check scenarios, conduct stress testing and carefully select personnel.
Exchange
This is a portal for exchanging all available cryptocurrency assets for any other. The number of assets available on the portal will be recorded in the blockchain for a reliable display of the volume, the number of wallets, users and information on all the operations performed since the launch of the main network will also be indicated in the blockchain.
Any cryptocurrency asset can be exchanged for any other if it is in demand. The market decides for itself how and in what to trade. All exchange orders will be visible in online charts. Potentially, we will add more than 2,500,000 pairs to the portal, but not immediately, but in parts and as each cryptocurrency asset is checked. Also the choice for coins or tokens will always be behind the PORTBITX community. After each vote, all results will be published in the section “Voting” and on the official website of the service.
The portal has a convenient interface and an open registry, i.e. users will be able to monitor and control the network with developers. Also, with certain voting results, there may be additions to the network. In the future, we want to release the service in free navigation and stop controlling the network. If we succeed, we will open source code and create jobs for miners.
Marketplace
Marketplace is valid for the sale of services and products for cryptocurrency. High-quality and convenient service. All transactions on the Marketplace are recorded in the main register of the local blockchain. A wide range of products available advertising products and services, two types of payment (with a guarantee and with a reputation) to choose from.
The following portal functionality:
Voting / referendum
An important component of the PORTBITX portal is voting / referendum. A variety of topics and surveys can be submitted to a vote, directly related to the PORTBITX community and the portal itself. For example, changes in tariff rates, adding new tokens, adding new services and additions to the service. The right to vote is the right to decide the fate of the community, the right to find the best solution to the problems, the right to be free, honest and fair. One voice is 5000 PORTBITX. (this limit can be lowered if the community decides on a general vote).
Since tokens can be sold on third-party services, they cannot automatically take part in voting. Also, all available tokens on the portal should be frozen for a period of voting that lasts no more than 24 hours, starting at 00:00 Central European Time. Tokens are frozen through the user’s personal account in the voting section. Persons who do not have enough tokens for voting, but having the right to profit PORTBITX have the opportunity to see the voting results, as well as to make their proposals for the next vote. Persons who do not have enough tokens for the right to vote and the right to profit will have the opportunity to group together for collective voting. Results and coverage of all voting results will be immediately published after the end on the portal’s main page.
A vote is considered legitimate if a quorum gains 65% of the total number of votes. The decision on the outcome of the vote can be made if the number of those who agreed to 100% of those who participated in the vote is 60%. Voting can be repeated if uncrowded by a majority. In this case, the proposal will be revised. The deadline for a deferred vote may pass unplanned within two weeks after the end of the first vote. If, in the second ballot, the majority of votes will also not reach the bulk of 60%, then this issue will be postponed or canceled and will not be considered within the next 6 months. The right to vote is not just an opportunity to influence the portal, it is the will of the community that developers must obey.
The right to profit
The right to profit is obtained by freezing tokens through the user’s personal account for a period of at least one month. The number of tokens needed to make a profit of at least 1000 PORTBITX. The calculation of the distribution of profits are as follows. All profits from all services provided by the service for a certain period of time in the tokens in which the activity was performed are distributed in relation to all community members who have frozen the tokens directly on the service portal. The profit is distributed in the same currencies in which it was received on the service.
In the event that the frozen asset of the PORTBITX tokens is defrosted ahead of time, then the profit it receives during this period will be distributed among the other participants whose tokens remain frozen. Participation in the project is proved by deed and rewarded, in all fairness. All profits, namely the estimated profits of users during and at the end of the period can be tracked and seen in the registry on the main page accessible to all interested parties. PORTBITX developers do not hide revenues and honestly share them with the community. Each user has the opportunity to check the registry and find their own account. Maximum openness and transparency is the key to trust and success of the service.

10 Road Map

11 Economy and Demand

All information on the movement of funds and their spending will be published on the official website of the company in a special reporting form. All actions performed by PORTBITX will be covered in the news section of the company’s website. The voting results and the timing of their holding, as well as the topics discussed for voting will be in the user’s personal account in the “voting” section. To date, only about 80 million people have a cryptocurrency, store it or use it in payments. Now there’s practically no way to find a person who hasn’t heard about bitcoin or blockchain at least once. The cause of mistrust is people who undermine the true face and good intentions of the founding pioneers of the cryptoindustry.
The market is too small and hypervolatil, but this trend will continue only for some time, until the total market capitalization reaches 1 trillion. USD This milestone will further open the way to even more people who want to be part of the crypto world. A larger number of participants will make this market more stable and less prone to hypervolatility. Unfortunately, there are many scammers and individuals who undermine the basis of the industry, and its usefulness. Therefore, the PORTBITX development team creates a service safe for the safety of users’ funds. According to statistics provided by Blockchain.com from March 2018 to February 2019, the number of new users who registered new cryptocurrency wallets increased from 23 million to 33 million. Based on the data obtained, it can be concluded that there is a need for reliable storage of their cryptocurrency assets. The year 2019 is a preparatory platform for an even larger number of users, so we decided to create a portal for the ecosystem of the cryptocurrency industry.

12 Project Team

One of the important factors in the decision making for an investor is the transparency and fame of the team that works on the project. An investor can check team members, evaluate and decide on investments. The knowledge and experience of the team is a kind of guarantee that the project will be implemented, but as is often the case in real life, this may be far from reality. In the cryptoindustry, nothing can be 100% sure. Any ICO defaults to scam. If you have doubts about our decency, we suggest investing a small amount. By collecting the minimum amount, we will demonstrate in practice that we are credible, because our goal is to benefit the community. Founders of PORTBITX Co-founder and Technical Director Steve Man Co-founder and CEO of CharleySJ Director of Marketing and Public Relations MAD Phoenix Director of Methodology and Legal Support at PenA

13 Investments

The minimum capitalization of the project at the first stage is 1,450 ETH. The minimum total capitalization of the project will be 56,000 ETH. The maximum capitalization of the project can reach more than 160,450 ETH. Tokens will be issued in the amount of 143,258,928.57142. Share will be up to 8 decimal places. ICO is calculated in three stages. We create a product that meets modern requirements and market challenges. Additional issue is not provided. After the last stage of the ICO, all assets not sold will be destroyed.
We initially limit the emission of tokens in order to avoid a large amount of excess asset. Being part of the PORTBITX community means having the privilege of voting and profit of the service. And that means – to understand the idea and share the philosophy of the cryptoindustry and with full responsibility to approach the decisions that will affect the community. The opportunity to receive a bonus will be among the participants of the Bounty campaign and among ICO investors, but by decision of the crypto community. Return of investment will be carried out in several ways. By obtaining distributed service profit Due to the possibility of selling a token at the market price, which can be ten times higher than the initial cost. The token will be based on the ERC20. The predicted price of a token at the end of an ICO can be about $ 3.7. The projected service revenue for the first year may be more than $ 500 million. Pricing can be changed if there is an ETH price manipulation before release. The news about the name and the release of tokens will be announced in the official news, so you should not give in to manipulation.

14 ICO Features

Jurisdiction: Blockchain The number of tokens is 143 million. On ICO 80.225 million On a bounty campaign of 14.3 million The developers and founders of 34.382 million, and the maintenance of the service 14.3 million. Distribution will be carried out automatically. The following fundraising is provided: Stage 1 – 1,450 ETH Stage 2 – 10,000 ETH Stage 3 – 149,000 ETH Pricing and limits 1st stage ICO 1 PBX = 0.002 ETH 1 ETH / 0.002 = 500 PBX 5 ETH / 0.0015 = 3 333.33333333 PBX 10 ETH / 0.001 = 10,000 PBX Rules of the first stage: The minimum amount to raise funds 1,450 Price is limited to pricing policy. Bounty company 6 million Refund in case of not reaching the minimum amount to raise funds 2nd stage ICO 1 PBX / 0.003 ETH 1 ETH / 0.003 = 333.33333333 PBX 5 ETH / 0.0025 = 2,000 PBX 10 ETH / 0.002 = 5,000 PBX 3rd stage ICO 1 PBX / 0.004 ETH 0.5 ETH / 0.004 = 125 PBX 1 ETH / 0.0035 = 285.71428571 PBX 5 ETH / 0.003 = 1 666.66666666 PBX 10 ETH / 0.0025 = 4,000 PBX

15 Legal aspects

Placement of the company – Blockchain. This is due to the fact that we approach the project with full responsibility and are aware of the consequences of our actions, as well as due to pressure from some states and their unfriendly policy to the cryptoindustry. Also, the service will not be present fiatnye currency, as their existence is not combined with the philosophy of our company. We will temporarily not specify the location of the company, as well as disclose the names of developers for the safety of their rights to life, health and freedom. Since we consider ourselves a free community, some data for the sake of security for the sake of this freedom will be hidden from outsiders. We guarantee a refund in case of unsuccessful first stage at 100% minus the miners commission. This is important because the tools incorporated in the first stage are necessary for creating the kernel and the subsequent imposition of software modules. We considered options for direct investment in the project from private investors, but since these investors could influence our strategy and policies, and since they could take some of the functions from the community, we decided to invest in our project as a community by Ico. The risk of investing in our project, of course, is great, but we want to build a really useful service for the industry as a whole and for each user of the service separately. Therefore, we enable the community to judge us by our work.
submitted by Portbitx to Portbitx [link] [comments]

TRANSACTIONS IN THE WOLFCOIN NETWORK

Cryptocrytocurrencies like Bitcoin is made by a difficult cryptographic process called Mining. Mining activities involve repeatedly solving the hash algorithm until a valid solution for the mining challenge is currently found. After the miner is found, he has the right to make a new currency unit. This is called block compensation. To ensure that digital currencies are not subject to unlimited inflation, compensation for blocks is reduced regularly. This data classification produces a graph representing the total circulation of coins, which is called the coin emission coefficient. Even though Wolfcoin is based on Bitcoin, the level of coin spending is significantly changed to increase the coin sign from time to time. Wolfcoin as Bitcoin divides every 400,000 blocks to reduce inflation.
Transactions in the Wolfcoin network are recorded in blocks on blockchain. The size of each transaction is measured in bytes. However, there is no need to connect high-value transactions with the number of bytes needed to process transactions. Conversely, the number of transactions is influenced by how many inputs and outputs are included because more data must be stored in blocks to store this information. Each new block is produced by Masternodes and Miners who are given block prizes for completing block building work. To prevent the network from making spam transactions, the size of each block is artificially limited. With the increase in transaction volume, storage space in each block is a rare asset. Because Matnocker and miners are not required to make an agreement on the blocks they produce after completing the block, the costs of voluntary transactions can be given as incentives to miners.
SUBSCRIPTION REWARDS ON THE WOLFPACKBOT PLATFORM
PupBOT 1 month $40 400 267 200
WolfBOT 1 month $65 650 433 325
WerewolfBOT 1 month $100 1,000 667 500
PupBOT 1 year $400 4,000 2667 2,000
WolfBOT 1 year + 2 months $750 7,500 5,000 3,750
WerewolfBOT 1 year + 2 months $1,250 12,500 8,333 6,250
WerewolfBOT +
WolfBOX Console 2 years
WolfBOX is yours to keep $3,000 30,000 20,000 15,000
WolfBOX Console WolfBOX is yours to keep $600 6,000 4,000 3,000
Visit: https://www.wolfpackbot.com/
https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Bountyox username : Iphygurl
submitted by iphygurl to ico [link] [comments]

Wolfpackbot

Cryptocrytocurrencies like Bitcoin is made by a Complex cryptographic procedure called Mining. Mining exercises include over and over settling the hash calculation until a substantial answer for the mining test is as of now found. After the mineworker is discovered, he has the option to make another money unit. This is called square remuneration. To guarantee that advanced monetary forms are not expose to boundless expansion, remuneration for squares is diminished normally.
This information arrangement delivers a diagram speaking to the all out dissemination of coins, which is known as the coin outflow coefficient. Despite the fact that Wolfcoin depends on Bitcoin, the dimension of coin spending is fundamentally changed to build the coin sign every now and then.
Wolfcoin as Bitcoin isolates each 400,000 squares to lessen expansion. Exchanges in the Wolfcoin arrange are recorded in squares on blockchain. The span of every exchange is estimated in bytes. In any case, there is no compelling reason to interface high-esteem exchanges with the quantity of bytes expected to process exchanges. Then again, the quantity of exchanges is affected by what number of sources of info and yields are incorporated on the grounds that more information must be put away in squares to store this data.
Each new square is created by Masternodes and Miners who are given square prizes for finishing square building work. To keep the system from making spam exchanges, the span of each square is misleadingly constrained. With the expansion in exchange volume, storage room in each square is an uncommon resource.
Since Matnocker and diggers are not required to make a concurrence on the squares they produce in the wake of finishing the square, the expenses of deliberate exchanges can be given as motivators to mineworkers.
Membership REWARDS ON THE WOLFPACKBOT PLATFORM
PupBOT multi month $40 400 267 200
WolfBOT multi month $65 650 433 325
WerewolfBOT multi month $100 1,000 667 500
PupBOT 1 year $400 4,000 2667 2,000
WolfBOT 1 year + 2 months $750 7,500 5,000 3,750
WerewolfBOT 1 year + 2 months $1,250 12,500 8,333 6,250
WerewolfBOT + WolfBOX Console 2 years
WolfBOX is all yours $3,000 30,000 20,000 15,000
WolfBOX Console WolfBOX is all yours $600 6,000 4,000 3,000
Visit: https://www.wolfpackbot.com/
https://www.wolfpackbot.com/Pdf/whitepaper_en.pdf
Bountyox username : EZIORAH
submitted by Ugodan to ICOAnalysis [link] [comments]

You have the math, you have the ability, now apply reason, logic, and intuition and you will discover the future turn of this world. Blessings. - ETH EIP 649 / 669 Discussion

I have conducted extensive research into the question, and the have calculated the most appropriate value based on today's metrics and understanding.
Long story short "Empty Block Bonuses" needs to be limited to approximately $50 Million monthly. If more than $100 Million or less than $5 Million, it should be adjusted.
To arrive at this value, issuance of New ETH should be reduced from 5 -> 1, IMMEDIATELY, August 1st. At which point it should be reduced in half every 500,000 Blocks (3 months), approximately or at a minimum 1,000,000 Blocks (6 months).
Regarding the Economics, transaction fees are pegged to $0.25 approximately, while Bonuses are fixed to a % of the Market Cap. Effectively, this means that all Bonuses in excess of $50 Million monthly is wasted, as it creates an unnecessary and undesirous expense with no long term value. It's equivalently the same as burning money.
Prior to February 28th, the most Ethereum had spent on "Block Chain Security Bonuses" in a given month was $13 Million dollars (Feb, 2017) or $104 Million for all of 2016. This is what I call the appropriate cost for block chain security. However, as it is an unlimited dollar figure tied to the market cap (or daily issuance x spot price), Ethereum spent $41 Million in March, $61 Million in April, $177 Million in May, $272 Million in June, and $104 Million in July - keep in mind this is always in addition to the millions in transaction fees, which is the negotiated fee between miners and holders, and thus constantly adjusted to the correct real world values.
Any value about $50 Million monthly is pure waste, IMO, or spending 4x more than at any point during 2016. Likewise, the mathematics and the economics of the code create maximum sustainable or useful values of Market Cap / spot prices. Effectively, in the current system of 5 ETH per block, the maximum sustainable value for Ethereum is approximately $120. With the next change from 5 -> 3 the maximum sustainable value will be $200. However, by reducing the cost from 5 -> 1, Ethereum can sustain a spot price of $600. If Ethereum reached $600 today, Block Chain security expenses would change from what it should be (about $100 Million) to $550 Million monthly, until the price of Ethereum went back down to $120.
However, what you will find is that by changing the rate of Price Deflation from 5 ETH per block to 1 ETH per block, is that Ethereum will become universally sustainable without significant future management involvement, as the rate of Price Deflation will become the lowest or within 1% of the lowest Price Deflationary currency on Earth. Bitcoin has managed this achievement through issuing a guess in 2008 / 2009 as to what the value of block chain will be in 2017. You can likewise time the 'run up' of block chain to periods shortly after where Bitcoin cuts it's expense in half.
Bitcoin guessed in 2009 what the price would be in 2017. Based on that calculus it came up with 4%. Ethereum is guessing in 2017 what the price will be in 2017. It has significant advantage over Bitcoin in this regard. With certainty, we can expect the price to be more than $100 but less than $300. However, would you dare guess what the price will be in 2025? This is effectively what Bitcoin attempted to do.
Bitcoin is currently spending $113 Million monthly on block chain security, LiteCoin $17 Million, and Dash $7 to $14 Million depending on a point of view. The maximum a competing coin has spent in a single month at any point in time is approximately $20 Million, for any coin made after 2009. Bitcoin (and Ethereum) are the only coins to have ever spent more than $20 Million in a single month, with Ethereum spending $273 Million in June, 2017, the most spent by any coin in a single month in the history of block chain technology.
Therefor, based on an extremely sound and reasoned argument, with full appreciation and understanding of the block chain economic systems, I am recommending the following:
To add an issuance reduction, I recommend that for block.number >= METROPOLIS_FORK_BLKNUM:
Let X = 1 ETH (ie. 1,000,000,000,000,000,000 wei) - 2.2% Inflation
Change the block reward to X
If an uncle is included in a block such that block.number - uncle.number = k, the uncle reward is (8-k) * X / 8 (this is the existing pre-Metropolis formula for uncle rewards with X=5)
The nephew reward is X / 32 (this is the existing pre-Metropolis formula for uncle rewards with X=5)
With the following programmed adjustments to future Bonuses:
Let X1 = 0.50 ETH after 500,000 Blocks (11/1/17) - 1.1% Inflation
Let X2 = 0.25 ETH after 500,000 Blocks (2/1/18) - 0.6% Inflation
Let X3 = 0.13 ETH after 833,333 Blocks (7/1/18) - 0.3% Inflation
Let X4 = 0.06 ETH after 1,000,000 Blocks (1/1/19) - 0.15% Inflation
Let X5 = 0.03 ETH after 1,000,000 Blocks (7/1/19) - 0.08% Inflation ... and on going.
On these dates, after appropriately adjusting the market to the corrected economic conditions, you would find the following expense outcomes.
8/1/17 - $100 to $900 Spot Price - Monthly Expenses $17 Million to $155 Million
11/1/17 - $400 to $1,200 Spot Price - Monthly Expense $34 Million to $103 Million
2/1/18 - $600 to $2,400 Spot Price - Monthly Expense $50 Million to $200 Million
7/1/18 - $1,200 to $4,000 Spot Price - Monthly Expense $50 Million to $170 Million
1/1/19 - $4,000 to $12,000 Spot Price - Monthly Expense $41 Million to $124 Million
7/1/19 - $12,000 to $30,000 Spot Price - Monthly Expense $62 Million to $155 Million
While those estimates may seem outlandish, it is the result of creating the most perfect financial system in the history of human existence. Bitcoin perfected the heart beat of the block chain, fixing the time signature regardless to the amount of computer put against it. However, it is unable to eliminate inflation, as it was set in stone in 2009.
By establishing 1 ETH per block on August 1st, Ethereum will become the least inflationary, most stable asset in human existence. By Feb 2018, the rate of inflation can be set to less than 1%, vs 11% today. Put another way, today every 1 in 9 Ethereum purchasers of average $5,000 US must recruit another user to purchase $5,000 ETH each year to maintain Spot price stability, and cover the costs of block chain security. By July 2018, that will go down to 1 in 400 Ethereum users, and get cut in half every 6 months after that.
Effectively making the rate of inflation in Metropolis significantly below the rate of birth and GDP, and significantly lower than any other financial system. Bitcoin will be stuck at 4% until 2019 and US Dollar is speculated to be 1 to 3%, while Ethereum will be 0.3%.
Following the plan above, by July 2018, the market cap of Ethereum will be over $1 Trillion dollars, effectively making it the first world currency in the history of Earth.
If Bitcoin was to attempt to achieve a similar valuation, it's monthly expenses would necessarily increase from $110 Million to $3.3 Billion, a month. Effectively this stagnates the future growth of Bitcoin, as it is cheaper to create and market an alternative coin than it is to waste over $30 Billion annually for an expense that cost $1 Billion annually just 1 year previous - Put another way, Bitcoin would need to recruit over 6,000,000 new customers of $5,000 annually to sustain the expense, where as under my model Ethereum would need to recruit 151,000 customers annually to sustain a spot price of $12,000 by July 2019 with a $1 Trillion dollar valuation. Currently Ethereum is recruiting approximately 300,000 new customers a year.
This means to maintain stability under the 5 ETH system, at $150 Spot Price, they need 315,000 New customers annually. Beginning August 1st, at 1 ETH, this goes down to 63,000 annually. As the natural rate is closer to 300,000, this unavoidable escalates the price, which escalates the expense, until it reaches equilibrium around $750, which I speculate would occur by 10/31/17. With the same rate of new customer acquisition as is today, we can achieve a price of $750, simply by controlling expenses, while maintain an expense level which will be the highest on the market, aside 2009's Bitcoin.
Ethereum can set itself on an unstoppable path to become the global currency by establishing 1 ETH per block on August 1st. You have the math, you have the ability, now apply reason, logic, and intuition and you will discover the future turn of this world. Blessings.
You can double check my work here:
https://docs.google.com/spreadsheets/d/1onjAoS1oBEE4B15i2u_VuXPAG4556v-nPfe7qktrEJU/edit?usp=sharing
Please make a copy, as it is an editable document which I have backed up in case it is changed down the road, but the document you view may not be the document as intended if others make malicious changes. Thank you for the understanding.
Link to comment within the EIP 649 board:
https://github.com/ethereum/EIPs/pull/669#issuecomment-315765514
submitted by kybarnet to CryptoCurrency [link] [comments]

Understanding how Komodo's security protects a developer in the Komodo ecosystem.

tl;dr: If you're developing on the Komodo ecosystem, you program your transactions to be considered "complete" according to the level of security you desire. More time, more security. It's about 20 minutes until the Bitcoin hash rate backs you up.
Wall of text warning: If you're only mildly curious and in a rush, just read the first section. The rest is just written examples of how Komodo's Security Services work in practice, to help you visualize what the Komodo ecosystem is, and what it is capable of.
Disclaimer: None of this is investing advice. Do your own research.
I've had a lot of people ask me this question over the last month. In fact, I find that most of my time over the last month is simply relaying information from one person to another. Since I keep having to explain myself, and since it seems like useful information, I suppose it's time to put some of this stuff into documented form.

Komodo's Security Services Explained

During the ten minutes before notarization, an asset chain using delayed Proof of Work is only backed up by the security that the asset chain developer has. This will likely be a quite small level of security (though, if the developer knows what they are doing, it can be roughly comparable and/or better than the security of a DPoS blockchain). However, so long as the developer understands the nature of this vulnerability, this does not actually prevent a danger to their asset chain or to their subset of the Komodo ecosystem.
Assuming they are using a vanilla version of the Komodo asset-chain setup, the developer simply needs to program their smart contracts and other ecosystem transactions to never consider a transaction to be complete until the transaction's data has penetrated the desired level of Komodo's security.
Within ten minutes, any transaction made on an asset chain will be notarized into the Komodo main chain. This provides a baseline level of security, though it is not as strong a defense as what occurs within another ten minutes: their data is then notarized into the Bitcoin blockchain. (See the whitepaper for full details.)
Developers simply need to make sure that the speed of transactions in their ecosystem matches the value of the transaction to the necessary level of security.
Link to documentation

A generic example

For example, consider this line of defense against a double-spend attack.
Let us first suppose an honest user makes a transaction on an asset chain requesting an item of value. The mindful developer will write a smart contract that sends back a signal to the user indicating to them that their funds have been received and the blockchain product is on its way. The developer can even program software that allows the user to see that the item now belongs to them–but with one caveat: the blockchain product is locked in a smart contract for a few minutes while the asset chain waits to make sure that everything was done properly. Once the user's transaction hits the desired level of security (as determined by either the developer, the user, or both), the smart contract releases the blockchain product to the user, and they are free to use it as they wish.
Now let us suppose a malicious user intending to perform a double spend attack. They send their transaction requesting an item of value. The mindful developer sends back the item of value on the blockchain, using the protective smart contract. This smart contract is watching to make sure that the item of value is not fully released to the malicious user until the transaction reaches the desired level of security.
If, during that time period, the malicious user performs a double spend attack, what they are doing in effect is simply erasing the transaction where they sent their money. It is now as though they never sent it. The developer's smart contract sees that the transaction disappeared from the asset chain's record, and the smart contract realizes there's been an attack. It returns the item of value to its original owner. The malicious user may get to keep their original money, but they do not receive the item of value. The seller keeps it.
(In actual practice, the double spend attack may even wipe out the existence of the smart contract in the first place, thus returning all money to where it was before the transaction even began. It's as though nothing even happened.)
All of this is performed through automation, removing the need for a developer to manually manage these situations.
There are many other methods that developers can also take to facilitate smooth and hazard-free transactions on their system. For instance, they can also create their own network of trustless and verifiable notary nodes, similar to the notary nodes of the main Komodo chain. This can give them the option of lowering the required number of notarizations they desire on the Komodo main chain, and on the Bitcoin network, thus speeding up transaction time.

Two specific ideas on how that might come into play

The following is just my own imagination of how this might play out. The developers on the team could probably present an even better scenario that would solve even more problems.
Let us suppose someone designing a decentralized MMORPG (like World of Warcraft), using the Komodo network. (Decentraland, are you listening? We might be able to solve a lot of your current problems. :) )
Everyone in the MMORPG community has heard of people spending $10,000 worth of the game's currency for a particularly desirable sword.
A developer wanting to use Komodo's blockchain to securely decentralize their in-game currency, in-game stats, the data that supports their network, or whatever.
They design their software to behave like normal. (Yes, that's right. Assuming the regular talent, they can design their decentralized/blockchain-based game to perform with as high a speed as the gaming standard is currently.)
They simply design their software to sync and keep an eye on their asset chain's history.
The game can now perform with the same high-speed stats that gamers today are used to. They cruise around and do whatever, never having to wait for the ridiculous load times that decentralized data management etc. requires in some of these other decentralized gaming systems people are creating.
When a player comes to a moment when it is time to perform an event worth recording on the asset chain's history, they commit to this event by making a "transaction" on the game's asset chain.
This could be the purchase of a sword (or a house, or access to new territory, or an agreement to a battle, etc.).
Once the transactionID has hit the mempool of the miners of the asset chain, the game would then initiate the other side of the smart contract, sending the blockchain representation of that sword into a temporary holding address.
The software running locally on that user's machine, and which has been designed by the game developer, now shows the user a visual representation of that sword in their inventory.
However, it displays some kind of "warming up" animation, or some other story element, as created by the designer of the game. If you're a good designer, you could even come up with ways to make this process part of the experience.
The player could already be carrying it around, playing in non-scored practice rings and duels, etc.
The big trick is, the sword is not able to be used in any important event (as decided by the designer) until the ownership is backed up by the Bitcoin blockchain.
Once the notarization hits Bitcoin, from there on, the user can use it throughout the entire game. That sword is proven to belong to the wallet address of the user wielding it, and any attack they make with it is backed up by the Bitcoin hash rate.
The software running on every other user's machine will only recognize the stats of this player, including the ownership of this new powerful sword, if the proper notarizations are in place. Otherwise, the software just ignores it.
If some die-hard malicious gamer were to try to buy the sword and then do a double spend, the game would have to be designed such that it can't be used until the ownership of that sword is backed up by the required level of security.
The double spend attack on the asset chain would be nothing more than a waste of the malicious user's time.
The software itself can be written to simply be verifying information before any battles/events between any players who are participating. Unverified data cannot be used in any important event. The software running on each game player's machine would be syncing to the asset chain's history, ensuring that no events/outcomes that are not verified can adversely affect game play.
The data history of the game can also be hashed and included in the asset chain, in whatever manner the developer imagines.
This is obviously a lot of work for the developers.
But ask yourself, what World of Warcraft be like today if not just its "gold" currency was decentralized and secured by Bitcoin's hash rate, but even the game data itself?
(Blizzard, are you listening?)
Is there enough of a financial incentive there to get some talented developers to come do the work?
(Ready Player One? Oasis?)

The second example

Consider someone selling houses.
They just tell the purchaser of the house that it will be ready in twenty minutes.
Voila.

A final point, since wall of text status is already well achieved

Here's something else that I've had to explain at least ten times in the last four weeks. While I'm writing things out, let's just get it out there.
Most people do not yet realize the value of tiered-levels of notarization in the Komodo ecosystem.
Komodo's default notary nodes do not have to be the only ones in existence in the Komodo ecosystem. Furthermore, what happens if we get to a point where the value of KMD rises?
Every ten minutes of Komodo's security costs 0.005 KMD, regardless of KMD/USD market value. That's simply the cost that the notary nodes have to make, to get notarization to work.
(Notary nodes do not make money off of this. They make their money from having a handicap when mining the KMD chain. Notarization is just one of the tasks they do. The KMD you pay them is used solely for the notarization cycle.)
We're not sure what the lump sum payment to the notary nodes is yet, but somewhere in the neighborhood of 333 $KMD for a little over one year's worth of security.
What happens if KMD attains the value of NEO GAS? Last I checked it was around $75 USD.
Komodo's security services suddenly get quite expensive--too expensive for garage band startups.
Well, either someone who currently owns ~7770 KMD, or someone who does a dICO at this point, can start a new network of notary nodes. Off the top of my head, that amount would last for about twenty-five years.
(We sometimes refer to this point in our future economic plans, as it is the projected time period of Singularity--the point where AI intelligence surpasses human intelligence, and all economic assumptions can experience radical change.)
Back on topic: this second set of notary nodes is now a tier-two notarization.
This set of notary nodes notarizes all of the asset chains in their sub-ecosystem into their main chain.
Everyone in their sub-ecosystem is paying in TIER-TWO security coin to notarize into the tier-two asset chain.
The tier two chain notarizes itself into the KMD chain.
KMD is then notarized into the KMD chain, which is then notarized into Bitcoin.
Everyone is now backed up by the Bitcoin hash rate. Voila.
The only difference is an extra ten minutes for people on Tier 2 (and, presumably, a reduced price, for that ten minutes).
Then imagine tier three, tier four, and as far as this thing will go.
Furthermore, consider that for yourself (speaking to the entrepreneurs in the community), you only have to notarize into KMD once.
You could easily set yourself up so that you have one main chain notarizing into KMD, and then a bunch of your own other PoW blockchains that notarize into your main chain. You set up your own miners, and even notary nodes if you wish, to manage your network. Each blockchain has different purposes and use cases, but you only pay one fee to get them all backed up.
And yet furthermore, let's say that one day you find that your business has grown so wealthy, you think you can afford to notarize to the Bitcoin blockchain itself, and skip the whole KMD notarization.
We've probably mentioned a few times by now that Komodo is focused around Freedom.
Because your main chain is independent, you just detach from the Komodo main chain and link up directly with the Bitcoin chain.
Assuming you have the requisite talent on your development team to plan it out, the only thing users in your ecosystem would notice is that all of a sudden, security would show up ten minutes faster.
So, if you, dear reader, belong to a large organization (like Blizzard/World of Warcraft) and you're not sure about all of this blockchain stuff and how you want to approach it, you can start with us as a launching platform. Then, when you have generated the XXXX required amount of BTC to head off, on you go. You have complete freedom to make that call.
Finally, consider this: the Bitcoin hash rate (which is what prevents Bitcoin's history from being altered while maintaining an accurate and un-manipulated decentralized history) currently consumes more electricity than the country of Denmark.
And that hash rate continues to grow.
It continues to grow at a rate that is faster than even the Bitcoin Cash hash rate is growing (the only one that is even in the ball park).
(The Ethereum hash rate doesn't even register on the scale.)
It is said that within the decade, the Bitcoin network will likely consume more electricity than the entire world combined.
All things being equal, and assuming the Network Effect that even today continues to increase the hash rate/security/price cycle of the Bitcoin network, the USD equivalent value of the transaction fees for Bitcoin will continue to increase.
Last I checked, the cost for us to do one year's worth of notarization is about $2.5M USD worth of Bitcoin.
The Komodo main chain continues to rely on our reserves of Bitcoin to notarize to Bitcoin (we have enough BTC for over twenty years, regardless of BTC's USD market price. And that's before any business models we may implement to replenish it our reserves).
In that sense, in the crypto world, Bitcoin becomes the heart of hash-rate security, and Komodo is the pulmonary artery that connects the heart to many other veins.
I'm frequently asked by people who our main competitors are, within crypto.
In truth, the only ones of which I am aware are the historical whales of Bitcoin, and thus have the same amount of access to the Bitcoin hash rate that we do.
All other projects that are trying to do something similar to what we're doing (Ethereum, NEO, Ark, Waves, and other Proof of Stake-based coins, etc.), do not have anything of which I am aware that can provide this level of security while allowing independent blockchain developers to do whatever they want with their own independent chains.

What else am I explaining constantly?

I think this is enough wall-of-text for now, but readers who are interested should know that the Komodo Smart Contract API has intriguing angles, and unrealized potential. Stay tuned for more, I suppose! We'll get the explanation out there soon enough.
You may also be asking, "But what about high-speed transaction situations"?
The implementation that we have for this situation is currently already in place with our Speed Mode feature on BarterDEX. The developer of an asset chain can also implement their own notary nodes, which provide a level of security on their asset chain that is equal to (and arguably better than) the DPoS security that other blockchain platforms are using. I'll have to explain more another time. Also, the CHIPS asset chain we're building helps to handle high-speed transaction situations. It ties in with BET and PANGEA. They are all well into development, but won't be marketed for a long, long time. But just fyi, for those of you who managed to make it all the way to the end. :)
And that's about all. Peace out.
submitted by siddhartha-komodo to komodoplatform [link] [comments]

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