Litecoin Mining – Anleitung, so funktioniert das Litecoin ...

GlobalBoost- A CryptoCurrency To Help Wounded Veterans

BSTY brings a completely new algorithm to the digital currency scene, and combines it with our real products, real company, and visible & accountable leadership. We aim to improve the acceptance of digital money, providing a safe & attractive investment using Yescrypt as our POW.
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7 Ways to Earn LTC/Litecoin ASAP

Earning free Litecoin works similarly to earning free Bitcoin. There are several online platforms that give users free Litecoins for performing small tasks or playing online games.
Let’s explore some of the most popular ways to get free Litecoin.

Earn free Litecoin through reputable faucets

The easiest and most popular way to earn free Litecoin is through a Litecoin faucet. A faucet is a website or an application that gives users free crypto coins for completing simple tasks. These tasks are usually easy tasks like completing some captchas, viewing adverts, or playing simple games.
After completing the microtasks, the faucet will reward you with a small amount of Litecoin (Lithoshi). Litoshi is the smallest unit of Litecoin and 1 Lithoshi is equivalent to 0.000000001 Litecoin.
There are various Litecoin faucets out there, many of them being scam faucets. Before you choose a faucet platform, make sure it’s legit. Here, we will highlight a few of the most popular and reputable ones.
It is safe to mention that you should only register on faucets that integrate micro-wallets like Coinpot. Micro-wallets allow you to collect and combine faucet payments easily.

Litecoin Faucet

Just like the previously mentioned faucet, Litecoin Faucet also allows users to earn free Litecoin by solving captchas. You can earn as much as 2,500,000 Litoshis every hour with no daily limitation on the platform.
The unique feature of Litecoin Faucet is that there is no withdrawal limit. Therefore, you can withdraw any amount of Litecoin.
Faucets are sure ways of earning free Litecoin, but you have to be very careful not to fall victim to scams. Before registering on any faucet, look out for the following:
Online reviews to know if it is legit or scam.
Coinpot or Faucethub micro — wallet integration for easy withdrawal.
Deposit before withdrawal feature — This is a typical feature of scam faucets. Faucets are supposed to be free ways to earn Litecoin without any down payment.
Earnings per hour — earnings from faucets are usually small. If a faucet promises an incredible amount of Litecoin, it is probably a scam or total waste of time.
Litecoins earnings from faucets are usually really small. If your earning expectations are high, this might not be the best option for you. There are more lucrative and legit ways to earn free Litecoin. Read on to learn about the other ways to get free Litecoin.

Litecoin cloud mining

Litecoin mining is one of the oldest ways to get free Litecoin. In recent times, earning profits from Litecoin mining can be a major hassle simply because of the cost of setting up the mining device, the cost of electricity, and many other factors.
With the introduction of cloud mining, you can earn free Litecoin without the headaches involved in setting up mining kits. You can find lots of free Litecoin cloud mining contracts online.
All you need to do is download the software on your device to start earning. These software work by using your device’s memory to generate the Litecoin. Which means the more powerful your device, the more free Litecoin you can earn.
However, some of these free Litecoin software contains malicious scripts that can compromise your security by stealing your data. You should only download mining software with great online reviews.
Back when LTC started, it was possible to mine with a standard computer’s CPU or GPU. Unfortunately, as coins grow in both age and popularity, it becomes harder and harder to mine with low-cost equipment. The days of easy mining are over, but that doesn’t mean you still can’t profit from LTC mining.
There are three ways to begin your LTC mining adventure:
Solo mining
Part of a mining pool
Cloud mining

Litecoin lending

Litecoin lending is one of the most lucrative ways to obtain free Litecoin. You can make money by purchasing some Litecoin and lending others on lending platforms.
Lending platforms like Coinloan.io allow you to make as much as 10.5% ROI by lending your LTC. It means if you lend 100 LTC, you earn free 10.5 LTC within a year without doing anything.
By lending your Litecoin, you are making your money work for you. All you need is a trusted and secure lending platform to start earning free Litecoin with this method.

Wager your Litecoin

Another way to get free Litecoin is by wagering your Litecoin. Gambling is not the best way to earn free Litecoin because 70% of gamblers tend to lose more than what they earn.
No doubt that some people have actually managed to become rich through gambling, this, however, is very rare. So if you are a big risk-taker or you really love gambling, Litecoin gambling is one way to earn free Litecoin.
Crypto gambling websites like fortunejack.com, bitstarz.com, and kingbillycasino.com allow you to wager your Litecoin on various casino games. Crypto gambling is probably the riskiest way to earn free Litecoin, and it is not for the faint-hearted.

Invest In Litecoin​

If you’re looking to invest in Litecoin, it’s important to remember that Litecoin is a currency. This means it doesn’t act like a stock or bond. Instead of buying shares of Litecoin, you are swapping your currency for Litecoin currency.
For example, 1 LTC is equal to about $47 USD today. The goal is for the value of Litecoin to rise, in which case, you could exchange your Litecoins back to dollars (from someone willing to do the exchange).​

Referral Links for Crypto Exchanges

This one is good for those out there with friends that are also crypto savvy. Various exchanges offer affiliate programs where you get paid out for inviting your friends and colleagues onto their platform.
Exchanges like Coinbase offer a one time payment when a new person joins their platform while others like Cryptmixer, for example, gives its members an impressive 50% of the revenue from the new clients they bring in. You can also use their exchange to swap the Bitcoin you receive to Litecoin, making it a great way to earn LTC.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

Gulden [NLG] - Constant development - In wallet Staking/Mining/Dex

Official Website / Official Slack
About Gulden:
How to setup a Witness (Staking) Gulden was founded in April 2014 based on the Litecoin codebase. In 2015 the Litecoin codebase is abandoned and Gulden switched to the Bitcoin codebase. After years of development it can be said that Gulden now has its own codebase. Gulden started with a 10% premine that was spent entirely on development. The current developments are now paid by part of the mining reward. The direction of the developments are determined by the Gulden advisory board (GAB). The GAB consists of 9 members and is elected each year from the members of the community. Anyone can stand for election. Voting for candidates is recorded and done through the Gulden blockchain. Gulden would like to become a generally accepted means of payment. To this end, the development is aimed at making the wallets as user-friendly as possible.
What makes Gulden unique:
- PoW2 - Proof of work + Witness/Staking - SegSig (Segregated Signature) - SIGMA (Semi Iterated Global Memory Argon) - Linking (Control your mobile wallet from your desktop wallet) - Wallet accounts - Unity (Unified codebase) - Delta (Difficulty Algorithm) - Sonic (Fast Sync)
Features of Gulden explained:
PoW2: Gulden does not use a standard PoW consensus model, but the in-house developed PoW2 model. This is a combination of PoW and Witness. Miners control the transactions and the Witness controls the miners. In order to get the same chance of success for a double spend as for the single transaction approval systems it is therefore necessary not to control >50% of the mining power or >50% of the number of coins in witness accounts but to own more than 71% of both systems. (0.71 * 0.71 = 0.5 so 50% chance).
Because many Gulden owners have their Gulden fixed in witness, it is difficult to get a 71% majority in witness. There are now more than 100 million Gulden in witness. In order to get a 71% majority, an attacker has to secure an additional 220 million Gulden in witness. Apart from the fact that this is almost impossible, the price of the Gulden would go up sky high if so much Gulden had to be bought by the attacker. And because the attacker has to lock the Gulden, it looks like a bank robber who is going to rob his own bank. So such an attack is theoretically possible, but not possible in reality.
Anyone can become a witness: by locking an amount of Gulden in a Witness account in the desktop wallet for a certain amount of time. Depending on the weighting of the witness account (chosen duration and amount in the account) the witness earns rewards. The advantage of this system is that the Gulden blockchain can withstand 51% attacks without relying heavily on energy-guzzling PoW miners or vulnerable standard PoS systems. Transactions can be safely accepted after one confirmation instead of the standard 3-6 confirmations.

  1. PoW2 Whitepaper simply explained PoW² explored — A post-launch look at some of the security implications How to setup a Witness
SIGMA: Since October 17, 2019, the Gulden team has implemented the Sigma algorithm and since then it is possible to mine Gulden solo without additional equipment. The algorithm is asic resistant and can be done on a normal desktop computer using it’s CPU. One can simply use this CPU mining algorithm by creating a mining account in the desktop wallet and start mining Gulden.
SegSig - Segregated Signature - Detailed article still to be published but was implemented with PoW2. Advantages of Segregated Signature: 1. 58% space saving on all transactions. More then twice the bitcoin SegWit implementation. 2. 58% increased transaction throughput. No block size or frequency changes needed. 3. Overhaul to the transaction script system which allowed us to implement PoW² and SegSig as clean as possible along with other benefits.

Please take your time and read the technicals on this coin as its truly phenomenal and seriously under valorised and recognised. Barely any effort has been made to market its potential but you can judge yourself. Read the PoW2 Whitepaper or the short version PoW2 simply explained
The Official Website and Official Slack chatroom.
submitted by mainpmf to CryptoMoonShots [link] [comments]

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

Mining and Dogecoin - Some FAQs

Hey shibes,
I see a lot of posts about mining lately and questions about the core wallet and how to mine with it, so here are some facts!
Feel free to add information to that thread or correct me if I did any mistake.

You downloaded the core wallet

Great! After a decade it probably synced and now you are wondering how to get coins? Bad news: You don't get coins by running your wallet, even running it as a full node. Check what a full node is here.
Maybe you thought so, because you saw a very old screenshot of a wallet, like this (Version 1.2). This version had a "Dig" tab where you can enter your mining configuration. The current version doesn't have this anymore, probably because it doesn't make sense anymore.

You downloaded a GPU/CPU miner

Nice! You did it, even your antivirus system probably went postal and you started covering all your webcams... But here is the bad news again: Since people are using ASIC miners, you just can't compete with your CPU hardware anymore. Even with your more advanced GPU you will have a hard time. The hashrate is too high for a desktop PC to compete with them. The blocks should be mined every 1 minute (or so) and that's causing the difficulty to go up - and we are out... So definitly check what is your hashrate while you are mining, you would need about 1.5 MH/s to make 1 Doge in 24 hours!

Mining Doge

Let us start with a quote:
"Dogecoin Core 1.8 introduces AuxPoW from block 371,337. AuxPoW is a technology which enables miners to submit work done while mining other coins, as work on the Dogecoin block chain."
- langerhans
What does this mean? You could waste your hashrate only on the Dogecoin chain, probably find never a block, but when, you only receive about 10.000 Dogecoins, currently worth about $25. Or you could apply your hashrate to LTC and Doge (and probably even more) at the same time. Your change of solving the block (finding the nonce) is your hashrate divided by the hashrat in sum - and this is about the same for Doge and LTC. This means you will always want to submit your work to all chains available!

Mining solo versus pool

So let's face it - mining solo won't get you anywhere, so let's mine on a pool! If you have a really bad Hashrate, please consider that: Often you need about $1 or $2 worth of crypto to receive a payout (without fees). This means, you have to get there. With 100 MH/s on prohashing, it takes about 6 days, running 24/7 to get to that threshold. Now you can do the math... 1 MH/s = 1000 KH/s, if you are below 1 MH/s, you probably won't have fun.

Buying an ASIC

You found an old BTC USB-miner with 24 GH/s (1 GH/s = 1000 MH/s) for $80 bucks - next stop lambo!? Sorry, bad news again, this hashrate is for SHA-256! If you want to mine LTC/Doge you will need a miner using scrypt with quite lower numbers on the hashrate per second, so don't fall for that. Often when you have a big miner (= also loud), you get more Hashrate per $ spent on the miner, but most will still run on a operational loss, because the electricity is too expensive and the miners will be outdated soon again. Leading me to my next point...

Making profit

You won't make money running your miner. Just do the math: What if you would have bougth a miner 1 year ago? Substract costs for electricity and then compare to: What if you just have bought coins. In most cases you would have a greater profit by just buying coins, maybe even with a "stable" coin like Doges.

Cloud Mining

Okay, this was a lot of text and you are still on the hook? Maybe you are desperated enough to invest in some cloud mining contract... But this isn't a good idea either, because most of such contracts are scams based on a ponzi scheme. You often can spot them easy, because they guarantee way to high profits, or they fake payouts that never happened, etc.
Just a thought: If someone in a subway says to you: Give me $1 and lets meet in one year, right here and I give you $54,211,841, you wouldn't trust him and if some mining contract says they will give you 5% a day it is basically the same.
Also rember the merged mining part. Nobody would offer you to mine Doges, they would offer you to buy a hashrate for scrypt that will apply on multiple chains.

Alternative coins

Maybe try to mine a coin where you don't have ASICs yet, like Monero and exchange them to Doge. If somebody already tried this - feel free to add your thoughts!

Folding at Home (Doge)

Some people say folding at home (FAH - https://www.dogecoinfah.com/) still the best. I just installed the tool and it says I would make 69.852 points a day, running on medium power what equates to 8 Doges. It is easy, it was fun, but it isn't much.
Thanks for reading
_nformant
submitted by _nformant to dogecoin [link] [comments]

MiningPoolHub/AwesomeMiner/MultiMinningPool FAQ

Hello everyone,
As some of you have probably noticed I have been taking the time to try my best to help some of you answer some questions.
 
However there has been a lot of repeat questions lately so hopefully this will help. I will continue to update this as we go, please check back if you have any questions as I will try to update this frequently
 
 
If you have a question you do not see covered please feel free to comment and I'll add it and try to answer it. I have added a unresolved to the beginning of this FAQ. I will number them below. Please comment below with the answer, to help me identify which question you are answering please add. UR#(x) to your comment as well, with x being the number of the unresolved question.
 
 
Before we start I will get my disclaimer out of the way.
I do not work with/for any of the developers of these programs. I do not have all the answers. Some of these are my best guess, others may be wrong or may have a better solution than the one I give. Please feel free to correct me if this is the case and I will edit as we go.
 
 
Set-up
We have two text guides here by waffleflops one for awesome miner and one for multi mining pool.
We also have a YouTube video guide by razorseal
 
YouTube Video Guide: Here
Awesome Miner(AM): Text Tutorial
MultiPoolMiner(MPM): Text Tutorial
 
 
So which one should I use?
It seems like it depends on what you want from the program, Awesome Miner is more like Nicehash in the way it looks but can be a little more complicated. MPM is pretty simple but it has less customization for those not familiar with programming.
 
NX18: "I find MPM to be better. No stability issues, no funky windows service always running in the background, and it checks MPH for best coin to mine whereas AM checks whattomine.com and they differ significantly sometimes."
 
MPM also has a minimum dev fee of 10 minutes per day (even if you set donate to 0) whereas AM does not seem to have dev fees. Both I believe have fees included that go to the devs of the miner programs themselves. However these fees for the miner devs will be attached whether you use MPM/AM or solo miner with the miner dev programs anyway.
 
 
Unresolved Questions
 
1. Anyone have solutions on crashing or very low Hashrates in sgminers with AMD GPU's in Awesome Miner?
2. Why is Lyra2Z using only 40% power from my GPU (GTX980ti)? Where/how can it tweak the settings?
I believe this is having to do with Awesome Miner 3.I did not see it asked or posted but I am curious if there's a way to bench all gpus. Instead of selecting gpu 0 and benching, waiting until its done and moving on to gpu 1 and so on. I have 8 nvidia gpus, just wondering if there's a way to auto bench all of them in a row so I can walk away and go to bed, be done I'm the middle of the night.
 
 
General MPH Questions
 
1.Hashrate is not the same on my miner as it is on the dashboard?
From MPH: "Hashrate showing on site is just an estimated value. Pool doesn't know about miner very much. It just collects certain "shares" which is some piece of hash that satisfies certain conditions. So don't worry, it's all about probability thing. Your hashrate on site can go up and down time to time."
There is some luck involved when mining in pools it is like playing the lottery. NiceHash paid at a certain rate because you were not mining coins and getting paid you were getting paid for the hash you are providing.
 
2. Balances on MPH what are the brackets?
The brackets are coins that have not yet been confirmed enough times on the blockchain. Any coins not in brackets have been confirmed.
 
3. How long will it take for my coins to show up, transfer to and from the exchange, be credited to my auto exchange coin?
 
I have been seeing a lot of questions about this so I made a flowchart which you can view Here
 
Short Answer: It depends could be minutes could be days
Long Answer: It has to be exchanged first and then placed in auto-exchange balance balance.
So you mine coin
Coin credited but unconfirmed (this can take time depending on coin)
Coin is confirmed and credited for auto exchange.
Coin is then placed on exchange. So again has to be transferred and again has to be confirmed but on exchange side.
Coin is most likely converted into btc then into auto-exchange coin at exchange.
Then auto-exchange coin is sent back to your balance on mph. So again has to be confirmed before appearing.
Depending on how fast a coin is confirmed will depend on how fast it appears in your balance.
If you stopped mining today it your balance most likely continue to grow over time.
However if you continue to mine it should in theory catch up and you will see you balance grow at a semi if not expected rate.
 
Supplemental:Forgive me if I'm misunderstanding, but this should mean it changes column, not disappears from balance entirely, no?
You will not know exact balance until it is sent back over from the exchange. This is because of the fact that you are exchanging the coins against one another. If one coin is up and one is down you could be losing or gaining value depending on the situation. This is why it seems that coins on the exchange disappear without your auto-exchange coins balance going up right away. Reference question 8 for more info
 
4. What is the best coin to auto-exchange?
This depends, just remember BTC has high transaction fees and can take some time to confirm. You will want to have a good amount of BTC before moving to your wallet to minimize the amount you lose to transaction fees.
I personally use LTC, it is quick and transaction fees are low compared to BTC but can still be exchanged for fiat on coinbase.
At the time of writing this, if you move BTC from MPH you will be charged a $4.96 fee, if you move LTC the fee to move to your wallet is $0.19
 
5. Can I hold on to certain coins instead of auto-exchanging them?
Yes, just go to auto exchange on MPH and switch off the coin you do not want to auto exchange.
 
6. This dashboard sucks! Why do they not have a one page dashboard?
Good news it is in the works, improvements are on the way so no need to keep posting about it!
 
7. Why is my coin not being exchanged?
Two possible reasons A)On balances page it says "coins that don't have enough volume on exchange for a certain amount of time will not be auto exchanged to desired coin. These coins may be sent back as original coin or btc."
B)On auto-exchange page. Mph accumulates coins so that they can be efficiently converted at the exchange. If a coins pool has not mined a certain amount it will not be sent over until it reaches the set number. It seems like it is transferred over to the exchange as one large amount instead of small amounts.
 
8. AwesomeMiner said I was going to make $X.XX dollars and when auto-exchange coins came in I made less than it said!
Couple things, do not take to heart the exact number it gives you. It is not exact remember it is like a lottery.
Remember your coins at first will trickle in over time but the longer you mine it will begin to average out.
Remember you are exchanging coins for you auto-exchange coin this means if there is a decrease or increase between them you could gain more or less.
Example if you mine VTC and auto-exchange into LTC.
You send VTC to auto-exchange it will most likely be converted into BTC first. If BTC is having a good day that day and has increased in price by 30% and VTC has not grown well that day you will be trading your VTC at a loss.
Then this same situation will happen again when converting the BTC to LTC.
So again a bit of a lottery you may gain or lose some of your mined coins value depending on the exchange rate between the coins at the time.
 
9. Add more Cryptonight coins please.
They are apparently working on adding new coins like Electroneum.
 
10. Why can't I auto-exchange BTC?
My theory is that it is because BTC is not mined on MPH, remember the coins are sent to the exchange when they hit a certain amount in order to make it efficient. Because BTC is not mined on MPH it would not be efficient to exchange BTC to other coins once it has been credited to your account.
 
11. Do I need a wallet for each coin I mine? How do I set-up a wallet?
No, only the coin(s) you want to get paid in. Click on coins pool on MPH and you will see a wallet option Add the correct address for each coin you want to be paid in, note you cannot use another coins address or you risk losing your coins. For example you should not put your Bitcoin address into your Litecoin wallet address section.
 
12. My wallet address keeps on changing, do I need to keep updating my wallet address?
Take from Coinbase: This is done to protect your privacy, so that a third-party can not view all other transactions associated with your account simply by using a blockchain explorer to look-up an address they know to be yours.
All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions.
 
13.Is there a easy way I can track my Profits/Hashrate/Workers?
Yes credit to JaymZZZ Click Here
 
14. I click on manage wallet from the balances menu and enter my account number, I get the error saying Failed to update your account: Invalid coin address.
Make sure you are adding the address to the correct coin. A bitcoin address for example should only be added to the bitcoin wallet, it should not be added to any other wallet. (Reference question 11)
 
15. Is there a fee for auto-exchange?
Yes 0.2%
 
 
Awesome Miner
 
1. I do not want to mine that algo, I turn it off but it still mines it!
Go to online services, edit, change profit switching from yes to no
 
2. Why is it mining something less profitable?
Make sure you go to tools and then benchmark Make sure you right click and save hashrate occasionally it will improve your profit switching over time.
 
3. I can't get the miner to run?
Did you exclude it from anti-virus?
You may need to reinstall.
Uninstall
then in search bar type in %localappdata%\awesomeminer (delete this folder)
Type in %appdata% go to awesome miner folder and delete this one as well
Reinstall awesomeminer
Do not run aweseomminer
Go to anti-virus and exclude all folders with awesomeminer (including the ones in the local and appdata folders)
 
4. How do i delete a Miner?
samualsmash: https://i.imgur.com/SSr1rnH.png
 
5. Can I do anything to make improvements?
puch0021:You can use VertMiner (which is what is used by OCM) to increase your hash rate compared to AwesomeMiner's default CCminer. You have to choose it for Lyra instead of CC miner. See: http://www.awesomeminer.com/help/managedsoftware.aspx Download Vertminer and extract software. Go to awesomeminer's options -> managed software -> add new user defined mining software: Type in VertMiner for description, full compatibility mode, and compatible software as CCminer. Everything in the algorithm should be disabled expect Lyra2ReV2 which should be enabled. Double click in under defined command line argument and add lyra2v2 as text. Click ok. Go to profit profiles in awesome miner. Select nvidia GPU and edit. In the mining software list there should be a new VertMiner entry. Check this box to enable it. Then click configure and then under path click browse. Click local. Select the Vertminer folder you previously made. Now whenever lyra is called for, vertminer should be used. If you try to bench mark with this enabled, it will fail but it works for mining. You can then use your mining results to manually edit your profit profile value for Lyra2REv2 (that was otherwise has the old value for ccminer.) On my 1060 it went from 21 to 22.8. Keep in mind vertminer takes 2% dev fees but it still works out to be faster than cc miner. let me know if this was any help!
I used one click miners vertminer since it was already installed.
 
6. Whenever Awesome Miner starts on a new algo and opens new instances of the CLI miner application/s, the window steal the focus from whatever you're doing. Anyone else super annoyed by this? Anyone know of a way to prevent this?
Stop mining, click more, properties, environment, console window mode, hide window, start mining again.
 
 
MultiPoolMiner (MPM)
 
1. I see a yellow stripe wich says multipoolminer is between 7% and 17% more profitable, which is nice. under this strip I see 2 lines with miner, BTC and Euro. (in my case) which of those btc values end up on your miningpoolhub balance? or both?
NX18:" Neither. Those values are best guesses by that script, hence why beside the dollar figure it shows the +/- variance which sometimes is really high like 25%, meaning that scripts best guess could be wrong by that much"
It is showing the 2nd best, If it is not the best at the time it will not show that text and just give you the comparison.
 
2. It keeps say NiceHash API failed what should I do? You can ignore it or as chillfisch points out that you can just delete the nicehash folder to get rid of this warning.
 
 
Tips
Gator-Empire
BTC: 16pVcKVFRJnCpR3hohMZtSTuiFiYy8MuCY LTC: LagCM9kiRHSbfx7ycCdrsae3QxqyycrFEr ETH: 0x6bbfe42dadc1894a19ad448b8296E7e7da383D2d
 
Waffleflops (MPM and Awesome Miner tutorial creator)
BTC: 17zd54AxSZekcPkVyEiX6TrcJkUe2qja51 LTC: LeyvTNrQfrhHK8TgtB8qWzKTMmNSaRif5m ETH: 0xaE19a33f3f9568e8775A05A92DF2fca4f3a5405b
 
JaymZZZ (Profit/Hashrate/Worker tracker creator)
BTC: 17ZjS6ZJTCNWrd17kkZpgRHYZJjkq5qT5A LTC: LdGQgurUKH2J7iBBPcXWyLKUb8uUgXCfFF ETH: 0x6e259a08a1596653cbf66b2ae2c36c46ca123523
 
razorseal (YouTube video guide creator)
BTC: 13UtW3vN4DKmmjV45dL5LHwcV8svu9tuzz LTC: Lh2DiirhVhFdX9VwWS5cY9dxyRGKV9JDGs ETH:0x260fAdC32972ca102C5CA3fAF3996C609C6C0311
submitted by Gator-Empire to MiningPoolHub [link] [comments]

Introduction to Garlicoin

FAQs

What is Garlicoin?
Garlicoin is a community-based cryptocurrency that was originally founded based on a meme of garlic bread that reached the front page of Reddit. The concept of a memecoin is similar to that of the more well-known Dogecoin, but Garlicoin is actually a fork of Litecoin, which is itself a fork of Bitcoin.
What technology is behind Garlicoin?
As it's just a fork of Litecoin, it's basically the same thing with how the addresses, wallets, etc. work but there are a few key differences. Most importantly, the mining algorithm is called "Allium," which was specially developed to be ASIC-resistant. Originally the coin was based on Scrypt-N but a hard-fork occurred on 2/16/2018 in order to solve the problem of ASICs that were discovered on the network. Another key difference is that Garlicoin only has a 40 second block time, so transactions confirm very fast.
Who developed Garlicoin?
Disclaimer: Most of the code was copy-pasted. However, there are a few developers that continue to work on the project. u/DigitalizedOrange was the founder, he likes anime. Most of the moderators are also part of the team.
Should I invest in Garlicoin?
Like any cryptocurrency, don't treat it as investing. Treat it like speculation or gambling. If you're not willing to lose that money, the answer is no. Garlicoin has even more risk behind it as it isn't trying to be at the forefront of technology or anything. All we have is meme appeal and garlic bread.
Why did the price just moon? Or why did it just crash?
With such a low volume in Garlicoin exchanges, the price can be easily manipulated. Trade with caution.
How can I start mining?
Check out the mining section in the links and tutorials down below. There's a great guide to setting everything up by Pandawan.
Why does the explorer show a different value than my web-based wallet?
Some web-based wallets, such as GarlicWallet.com, are shared wallets meaning that you don't own the private keys and the website will move your coins around between addresses. The address you receive just credits your online account so you can withdraw a specific amount however you technically do not own those coins and if the site goes down then you may lose access to them forever. For that reason, it's highly recommended that you use a wallet where you own the private keys. Paper wallets are the most secure for large values as long as you physically keep them in a safe place, as they cannot be hacked.
What other Garlic Bread goodness can I get into?
Check out GBDS (dating simulator) and GarlicBreadMemes if you can't get enough.
I have another question that isn't answered here!
First try using the search bar for this subreddit. If you can't find an answer then you can create a new thread and someone from the community will most likely help you. If I forgot to add a commonly asked question to this guide, or if there's anything else you'd like to see explained/linked here, please let me know in the comments.

Links and Tutorials

Quick Links
Discord
Official Website
List of Mining Pools
Trade/Buy/Sell Garlicoin on Reddit
Pandawan Guide
Wallets
Garlicoin Core Wallets (only recommended for experienced)
Garlium (based off of Electrum)
GarlicWallet
GarlicWallet.com - web-based
Paper Wallet
Android Wallet
GarlicWallet Android
Mining
Great instructions for how to set up your miners can be found here. Make sure you set the algorithm to allium (-a allium).
Nvidia Miner for Windows/Linux
Nvidia Miner for Mac
AMD Miner for Windows/Linux
CPU Miner
GUI Mining Interface by Misa
Solo mining is not recommended for most people. If you want to try it you will need to download the Garlicoin Core wallet (garlicoind) then follow this guide here. It currently is not working on the new fork.
Explorers
Bakery
Garlicoin Insight
Garlicoin.io
Exchanges
Nanex
TradeSatoshi
CoinFalcon
Price Trackers
CoinMarketCap
Delta
submitted by ZephyrPro to garlicoin [link] [comments]

How do I mine Dogecoin?

How do I mine Dogecoin?
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you!
Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined!
So, what is Dogecoin mining?
You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you!
So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started.
A (Very) Short History of Dogecoin
In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own.
Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved.
They decided to use a popular meme as their mascot — a Shiba Inu dog.

https://preview.redd.it/rymnyyz1iil31.png?width=303&format=png&auto=webp&s=f138e3fe56eef9c6b0e7f49b84fefc41fb83e5aa
Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot!
Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome!
Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content.
Dogecoin has the 27th largest market cap of any cryptocurrency.
Note: A market cap (or market capitalization) is the total value of all coins on the market.
So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you?
Next, I want to talk about how mining works…
What is Mining?
To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank.
Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks.
Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!).
Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive.
Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”!

https://preview.redd.it/rcut2jx3iil31.png?width=598&format=png&auto=webp&s=8d78d41c764f4fe4e6386da4f40a66556a873b87
It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins!
Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered.
So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see…
What is Dogecoin Mining?
Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is!
Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section.
Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations.
The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain.
Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
  • Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
  • Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
  • Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
  • Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin…
Mining Comparison
Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them.
Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium!
Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too!
Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars!
However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin.
Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try?
Let’s see what you need to do to become a Dogecoin miner…
How to Mine Dogecoin
There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool.
Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally.
Dogecoin Mining: Solo vs Pool
When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin.
If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees.
As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about!
What You Need To Start Mining Dogecoin
Before you start Dogecoin mining, you’ll need a few basics. They are;
  • A PC with either Windows, OS X or Linux operating system.
  • An internet connection
  • A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet.
Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure.
There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core.
Now that you’ve got a wallet, you need some software and hardware.
Dogecoin Mining Hardware
You can mine Dogecoin with;
  • Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
  • A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
  • A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software
Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
  • CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
  • GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
  • Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
Recommendations
You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool.
If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option…
Dogecoin Cloud Mining
Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you.
All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee.
There are pros and cons to Dogecoin cloud mining;
The Pros
  • It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
  • As a beginner, there isn’t a lot of technical stuff to think about.
  • You get a steady supply of new currency every month.
The Cons
  • Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
  • You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
  • Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
  • It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin?
So, Is Dogecoin Mining Profitable?
The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small.
However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin!
But why? Seriously…
Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved.
Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that!
Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
submitted by alifkhalil469 to BtcNewz [link] [comments]

Let's Talk About Litecoin Nodes

I decided to write this up because there's a lot of confusion about what a "Node" is. I personally had to do a lot of research to figured this out myself. If anyone would like to suggest edits, I welcome them.
Due to the decentralized nature of Litecoin, sometimes key terms or definitions don’t get standardized. This is particularly problematic for newcomers who want to learn about Litecoin but get confused by variant vocabulary. For example, a Full Litecoin Node to one person may mean something slightly different to another. In light of this, below I suggest a list of terms to help the community use the same definitions and language in regards to Litecoin Nodes.

A Node

Before we talk about Litecoin Nodes, let’s talk about nodes in a broad sense. In a distributed network, the simplest way to define a node would be to say it is a point of intersection or connection with the network. It can act as both a redistribution point or a communication endpoint. This loose definition helps us better understand the different ways a Litecoin Node functions within the Litecoin Network. The following definitions should collectively be considered Litecoin Nodes.

A Full Node

A Full Litecoin Node is an integral component of the Litecoin Network because it validates the blockchain. It does this by downloading a copy of it. It is also capable of relaying transactions and recent blocks, but this isn’t required to be considered a Full Node. Now when you first open up a Full Node client like Litecoin Core, most people are sitting behind a firewall. In this case, your Full Node is limited in the number of connections it can connect to (around 8) and only looks for Super Nodes a.k.a. Listening Nodes. The reason for this is because your Full Node isn’t publicly connectable yet.

A Super Node a.k.a. Listening Node

In a distributed network, a Super Node functions as a highly connected redistribution point as well as a relay station. Therefore this would be an appropriate term to describe a publicly connectable Full Litecoin Node. This means many nodes can connect to it to obtain relayed transactional data and blockchain history. This may require more bandwidth and CPU than a Full Node because of all the extra work it’s doing. These Super Nodes are normally on 24/7 and are reliable focal points for other nodes to connect to. In order to activate this within a Litecoin client functioning as a node, you must make it publicly connectable. One way to do this is to bypass any potential firewalls and/or setup port forwarding. Some manuals suggest running litecoind(litecoin daemon) in the background instead of Litecoin-Qt, but this isn’t necessary.
u/aaron0791 Raspberry Pi guide can either be a super node or a full node depending on whether it is publicly connectable. You can run it with the litecoind as well in order to avoid setting up a GUI with the Raspberry Pi.

A Miner’s Node

Today, miners utilize mining programs separate from Litecoin Core to mine Litecoin blocks. Some miners choose to solo mine and therefore use their own Full Node to maintain a full copy of the blockchain via litecoind. Others choose to pool mine and work together to solve blocks. In this case, the admin of the pool maintains a Full Node while pool miners contribute their hashpower. A third method, though highly discouraged and harmful to the network, is to SPV mine by mining on top of blocks before fully validating them. These SPV pool miners typically trust another mining pool’s Full Node as a reference to build on top of. In light of this, a Miner’s Node can be further subcategorized as either a Solo Miner’s Full Node or a Pool Miner’s Full Node.

A Simplified Payment Verification(SPV) Client a.k.a. Thin Client a.k.a. Light Wallets

SPV clients like Loafwallet (the Litecoin App for smartphones) are not Full Nodes because they don’t download the blockchain. SPV clients do this by ensuring your transactions are put in a block and then confirm that other blocks are being added to it. Therefore in the loosest sense, an SPV Client may fit the criteria of a node. However, they don’t do much to support and validate the distributed trustless ledger of Litecoin. Instead, they store just copies of all the headers of all the blocks in the blockchain that are taken from other Super Nodes. Therefore, SPV clients are unable to verify any transactions in the chain because they don’t have access to it. In this way, they function as communication endpoints as they are are unable to relay transactions or blockchain data. Additionally, it is important to put your own full nodes behind them to securely use SPV clients as wallets.

Specialized “Edge Routing” Nodes

Other types of nodes exist where Full Nodes are stripped of its wallet and mining capabilities. Entities such exchanges and merchant payment processors then build on top of these specialized “edge routing” nodes.

Conclusion

Above, I’ve briefly described the various roles a Litecoin Node can have. I’ve also included a broad overview of the necessary steps a user would need to take to use Litecoin Core in these roles. Hopefully by providing this list of terminology, it will empower users to understand what exact role they are playing in the network and to inform them of the steps they can take if they want to play a different one.
edit: clarified my language after consulting bitcoin dev's.
edit2: source if you want visuals-> https://medium.com/the-litecoin-school-of-crypto/lets-talk-about-litecoin-nodes-77383339cdf7
edit3: tips appreciate
LbpHUTE3LSYMu25FumQZeKv2z8BrYUQP8x
submitted by ecurrencyhodler to litecoin [link] [comments]

So you’ve got your miner working, busy hashing away … but what is it really doing?

Posted for eternity @ https://vertcoin.easymine.online/articles/mining
Your miner is repeatedly hashing (see below for detail about a hash) a block of data, looking for a resulting output that is lower than a predetermined target. Each time this calculation is performed, one of the fields in the input data is changed, and this results in a different output. The output is not able to be determined until the work is completed – otherwise why would we bother doing the work in the first place?
Each hash takes a block header (see more below, but basically this is a 80-byte block of data). It runs this through the hashing function, and what comes out is a 32-byte output. For each, we usually represent that output in hexadecimal format, so it looks something like:
5da4bcb997a90bec188542365365d8b913af3f1eb7deaf55038cfcd04f0b11a0 
(that’s 64 hexadecimal characters – each character represents 4-bits. 64 x 4 bits = 256bit = 32 bytes)
The maximum value for our hash is:
FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF 
And the lowest is:
0000000000000000000000000000000000000000000000000000000000000000 
The goal in Proof-of-Work systems is to look for a hash that is lower than a specific target, i.e. starts with a specific number of leading zeros. This target is what determines the difficulty.
As the output of the hash is indeterminate, we look to statistics and probability to estimate how much work (i.e. attempts at hashing) we need to complete to find a hash that is lower than a specific target. So, we can therefore assume that to find a hash that starts with a leading zero will take, on average, 16 hashes. To find one that will start with two leading zeros (00), we’re looking at 256 hashes. Four leading zeros (0000) will take 65,536 hashes. Eight leading zeros (00000000) takes 4,294,967,296 hashes. So on and so on, until we realize that it will take 2 ^ 256 (a number too big for me to show here) attempts at hitting our minimum hash value.
Remember – this number of hashes is just an estimate. Think of it like rolling a dice. A 16-sided dice. And then rolling it 64 times in a row. And hoping to strike a specific number of leading zeros. Sometimes it will take far less than the estimate, sometimes it will take far more. Over a long enough time period though (with our dice it may take many billions of years), the averages hold true.
Difficulty is a measure used in cryptocurrencies to simply show how much work is needed to find a specific block. A block of difficulty 1 must have a hash smaller than:
00000000FFFF0000000000000000000000000000000000000000000000000000 
A block of difficulty 1/256 (0.00390625) must have a hash lower than:
000000FFFF000000000000000000000000000000000000000000000000000000 
And a block of difficulty 256 must have a hash lower than:
0000000000FFFF00000000000000000000000000000000000000000000000000 
So the higher the difficulty, the lower the hash must be; therefore more work must be completed to find the block.
Take a recent Vertcoin block – block # 852545, difficulty 41878.60056944499. This required a hash lower than:
000000000001909c000000000000000000000000000000000000000000000000 
The achieve finding this, a single miner would need to have completed, on average 179,867,219,848,013 hashes (calculated by taking the number of hashes needed for a difficulty 1 block - 4,294,967,296 or 2 ^ 32 or 16 ^ 8 – and multiplied by the difficulty). Of course, our single miner may have found this sooner – or later – than predicted.
Cryptocurrencies alter the required difficulty on a regular basis (some like Vertcoin do it after every block, others like Bitcoin or Litecoin do it every 2016 blocks), to ensure the correct number of blocks are found per day. As the hash rate of miners increases, so does the difficulty to ensure this average time between blocks remains the same. Likewise, as hash rate decreases, the difficulty decreases.
With difficulties as high as the above example, solo-mining (mining by yourself, not in a pool) becomes a very difficult task. Assume our miner can produce 100 MH/s. Plugging in this into the numbers above, we can see it’s going to take him (on average) 1,798,673 seconds of hashing to find a hash lower than the target – that’s just short of 21 days. But, if his luck is down, it could easily take twice that long. Or, if he’s lucky, half that time.
So, assuming he hit’s the average, for his 21 days mining he has earned 25 VTC.
Lets take another look at the same miner, but this time he’s going to join a pool, where he is working with a stack of other miners looking for that elusive hash. Assume the pool he has joined does 50 GH/s – in that case he has 0.1 / 50 or 0.2% of the pool’s hash rate. So for any blocks the pool finds he should earn 0.2% of 25 VTC = 0.05 VTC. At 50 GH/s, the pool should expect to spend 3,597 seconds between finding blocks (2 ^ 32 * difficulty / hashrate). So about every hour, our miner can expect to earn 0.05 VTC. This works out to be about 1.2 VTC per day, and when we extrapolate over the estimated 21 days of solo mining above, we’re back to 25 VTC.
The beauty of pooled-mining over solo-mining is that the time between blocks, whilst they can vary, should be closer to the predicted / estimated times over a shorter time period. The same applies when comparing pools – pools with a smaller hash rate will experience a greater variance in time between blocks than a pool with a greater hash rate. But in the end, looking back over a longer period of time, earnings will be the same.
Hashes
A Hash is a cryptographic function that can take an arbitrary sized block of data and maps it to a fixed sized output. It is a one-way function – only knowing the input data can one calculate the output; the reverse action is impossible. Also, small changes to the input data usually result in significant changes to the output value.
For example, take the following string:
“the quick brown fox jumps over the lazy dog” 
If we perform a SHA256 hash of this, it results in:
05c6e08f1d9fdafa03147fcb8f82f124c76d2f70e3d989dc8aadb5e7d7450bec 
If we change a single character in the input string (in this case we will replace the ‘o’ in ‘over’ to a zero), the resulting hash becomes:
de492f861d6bb8438f65b2beb2e98ae96a8519f19c24042b171d02ff4dfecc82 
Blocks
A block is made up of a header, and at least one transaction. The first transaction in the block is called the Coinbase transaction – it is the transactions that creates new coins, and it specifies the addresses that those coins go to. The Coinbase transaction is always the first transaction in a block, and there can only be one. All other transactions included in a block are transactions that send coins from one wallet address to another.
The block header is an 80-byte block of data that is made up of the following information in this order:
  • Version – a 32-bit/4-byte integer
  • Previous Block’s SHA256d Hash – 32 bytes
  • Merkle Hash of the Transactions – 32 bytes
  • Timestamp - a 32-bit/4-byte integer the represents the time of the block in seconds past 1st January 1970 00:00 UTC
  • nBits - a 32-bit/4-byte integer that represents the maximum value of the hash of the block
  • Nonce - a 32-bit/4-byte integer
The Version of a block remains relatively static through a coin’s lifetime – most blocks will have the same version. Typically only used to introduce new features or enforce new rules – for instance Segwit adoption is enforced by encoding information into the Version field.
The Previous Blocks’ Hash is simple a doubled SHA256 hash of the last valid blocks header.
The Merkle Hash is a hash generated by chaining all of the transactions together in a hash tree – thus ensuring that once a transaction is included in a block, it cannot be changed. It becomes a permanent record in the blockchain.
Timestamp loosely represents the time the block was generated – it does not have to be exact, anywhere within an hour each way of the real time will be accepted.
nBits – this is the maximum hash that this block must have in order to be considered valid. Bitcoin encodes the maximum hash into a 4-byte value as this is more efficient and provides sufficient accuracy.
Nonce – a simple 4-byte integer value that is incremented by a miner in order to find a resulting hash that is lower than that specified by nBits.
submitted by nzsquirrell to VertcoinMining [link] [comments]

Let's take a step back here

I'm going to preface with this. I don't claim to be a crypto guru. Im still relatively new to crypto compared to some. I don't want this to be taken as a "I know all and you guys know nothing." This is simply a look at the bigger picture and some advice that I've followed and it hasn't let me down.
With the raise of the minimum payout, especially after people (understandably)having their jimmies rustled after the hack, there has been an onslaught of posts that have made it very obvious that many are here on the bandwagon and have jumped in without understanding how crypto, and nicehash, works. We need to take a step back and think about what's going on.
I'm going to start with some advice. And this is advice I've given every single person who has asked me about getting into crypto. You need to RESEARCH what you're investing in. Blindly investing into anything is just asking for trouble.
Now to give some insight on how this relates to the increase in payment threshold. This all boils down to fees. And fees are dependent on transaction congestion. Right now, fees are ridiculous. When nicehash went down, I was mining zcash and vertcoin direct. I had accumulated about $40 worth of coin total, between both currencies. When I tried to cash out, the smallest fee I could pay was ~$20. That's half my earnings. I said HECK NO (and ended up transferring for litecoin and transferring to my main trading stack in gdax. The fee was considerably less).
Now, with the way nicehash functions, their goal is for the user to pay as little fees as possible. They do this by essentially grouping transactions. Think about it this way. That ~$40 worth of bitcoin was going to cost me ~$20. Well if I had ~$80 worth of bitcoin, that fee would be ~$20 still. This is how nicehash gets away with a flat fee. By grouping more bitcoin into one transaction, they can effectively split the fee into a flat rate. Are there some cons? Sure. Smaller miners are paying a higher percentage in fees in comparison to their earnings than larger miners have to pay. But this is still the lesser of two evils. I'd rather pay the smaller fee of the grouped transaction than pay the fee for my transaction by itself.
So, what does raising the minimum withdrawal threshold do? Sure, some users will have to wait longer. And yeah, it forces users to keep their btc under someone else's control. But the goal is to make the transactions MORE EFFICIENT. By grouping more btc into each transaction and dividing the fee amongst the miners, it not only saves you from having to pay the ridiculous fee of having a solo transaction processes (a big yay for small miners) but it also keeps it to where they don't have to raise their flat fees (also a yay for smaller miners). The only downside is that it forces users to keep their btc on a less than ideal wallet format.
NOTE: to further cover this topic I am going to edit in a link that goes further into depth than I'm going. I just wanted to put it into more simplified terms for readings sake.
Tl;Dr for those who don't like walls of text...RESEARCH. Gain an understanding on how fees work and how nicehash is making it more efficient for the end user.
submitted by rathpwner to NiceHash [link] [comments]

[Serious, long] My thoughts on what next for Dogecoin

There’s been a lot of discussion in recent days about the decreasing price of Dogecoin, as well as the risk of a 51% attack from Wafflepool or similar. I wanted to do a wrap-up of the discussions happening amongst the developers of the last few weeks, partly to illustrate that we are looking at options, but mostly to talk about what is happening. Please note that this is all rapidly changing. Dogecoin is actually moving at breakneck speed for a project of its size, especially as we still have a relatively limited core team. This is part of why we don’t write posts very often, as they become out of date so quickly as new arguments and facts are presented.
Lets talk about 51% attacks first. The theory is that if anyone has over 51% of the total hashing power of the network, they can form a blockchain of their own which is considered “more valid” than the blockchain most users are on. This is because cryptocurrency blockchains are secured through proof of work, and therefore more work on a chain makes it, in essence, more valid. This risks an attacker spending coins on one chain, then releasing their own private, longer, blockchain. That latter blockchain replaces the original blockchain, and the coins they spent on the original blockchain are effectively returned to them as if the transactions never happened.
It’s important to understand this because I hear suggestions that Wafflepool shouldn’t accept over 51% of the network hashrate, and unfortunately all this would do is hide the risk. Having one pool own over 51% of the network hashrate is not a problem if it’s actually being used to mine, but instead if it’s used to create a personal blockchain. The other issue raised is one of price; we’ve been steadily dropping since around early February. The core of my answers here is that you need to consider demand vs supply. What happened back in February was that we saw a surge in demand beyond sustainable levels, likely in a form of tulip mania. As supply continued (mining), and demand dropped-off, our price has dropped. This has been worsened by a succession of bad news affecting Bitcoin (MtGox and other exchanges struggling, uncertainty of China and Russia, etc.), which both directly brings down our price, as well as undermining confidence in the entire cryptocurrency ecosystem. It has been suggested (and I can believe this, but have not done my own analysis) that as multipools continue to dominate Dogecoin mining, and they tend to sell coins directly, that they are further reducing the price. Specifically, given that while there is demand for further coins from miners, as they have already expended resources on mining hardware they cannot then purchase the cheap coins the mining pools are producing.
Lastly, there’s the question of ASICs; these are specialised mining devices which are significantly faster than CPU/GPU mining hardware, and typically cheaper to run due to reduced power and space requirements. Their introduction into mining at the moment leaves vastly disproportionate mining power in the hands of a few (there’s one individual with a hashrate of around 20GH/s, for example), and in time is likely to make mining on commodity hardware infeasible.
We’ve had a lot of suggestions for what to do; change proof of work algorithm, add multiple proof of work algorithms, move to proof of stake, merge-mine with Litecoin, have DigiShield merge-mine with us. We’ve considered everything, and then some; I’m not sure how much discussion has happened in total, but I’ve spent over a dozen hours looking at these issues on IRC. In virtually all cases, the majority of people with the skills to implement these changes have rejected them as too high risk and/or having other significant drawbacks. In summary:
The best suggestion we have so far is to out-do the multipools directly, by working on open source multipool software which is more DOGE-friendly. As I understand it two key approaches are being considered for improving DOGE-friendliness; either by directly exchanging other coins to DOGE, or through improved trading algorithms which result in less sharp shocks to the price. For very large mining farms such as SFire’s, it’s hoped this will cause them to separate from the mining pools (which they pay fees to) and go solo. This reduces fees for the miner, as well as reducing the ability for DDoS attacks to be targeted at them, and for us it reduces risk of a 51% attack, improves confidence in the coin security, and enables us to better mitigate impact of people mining huge quantities to sell.
Meanwhile, the main focus is on making Dogecoin (and cryptocurrencies in general) a viable way of moving value around. The 1.7 client (beta release is imminent, and in fact if you’re comfortable compiling it yourself, the code is available from https://github.com/dogecoin/dogecoin/tree/v1.7.0-Beta-1 ) is a major re-write of Dogecoin Core to base it on the Bitcoin Core 0.9 client (with Scrypt added in, of course). This gives us significant performance improvements, as well as a better underlying architecture. To repeat; this will not be a required update, although it will be strongly encouraged as it’s a huge leap forward technologically. One of the features which is currently not working in 1.7, but will be for release, is the Bitcoin payment protocol, which massively improves the payment request/receiving process for merchants. Fundamentally 1.7 is intended to prove we have the technical skills to maintain a stable, useful coin, and help drive/support adoption.
Once 1.7 is done, my immediate priority is technical documentation; we have a security specialist currently working on a guide to cryptocurrency security (setup, risks, best practices, etc.), to help give merchants and exchanges an in-depth understanding of how to securely use cryptocurrency. I’ll be addressing the need for formal standards in Dogecoin, and preparing RFCs for the “dogecoin:” URI and relay network protocol for submission to the IETF (and IANA for the URI).
Lastly; there was a post recently about the need for multi-signature addresses; I’d like to add my own “hell yes!” to that, although obviously I have to prioritise. If anyone else can look at these, that would be fantastic.
For anyone wanting a more permanent link, there's a copy of this on my blog ( http://jrn.me.uk/wp/what-next-for-dogecoin-mid-april-2014/ ), however posting as full text here as probably easier for most people, and I'm not sure my server would survive a reddit hug!
Edit: It's been pointed out that there's no verification of the problems with Blackcoin, and the source alleging problems has a serious credibility issue. Have removed the reference now.
submitted by rnicoll to dogecoin [link] [comments]

Solo mining help

Been trying to get my PC to solo mine for the passed few days. Can someone help me out? I have the doge wallet 1.10 and minerd.exe v2.5
I don't know if I'm considered a novice. I started with ziftrcoin and mined a bunch of that. I pool mine litecoin and bitcoin. But I'm having a hard time finding a working pool for dogecoin so I decided I would like to try to solo mining it.
Thanks in advance
submitted by Renegade2543 to dogecoin [link] [comments]

"Unknown" hashrate has dropped by 7% overnight

I posted this article yesterday, pointing out some miner address behavior that seems to indicate that one miner alone is controlling four or more addresses in his wallet that have trafficked over 500,000 mined Litecoin to the exchanges (apparently).
http://www.reddit.com/litecoin/comments/2dwyll/unknown_may_be_far_fewer_miners_than_i_originally/
I just took a look at the Hashrate Distribution chart on litecoinpool.org and that miner I pointed out is still at it...but the "Unknown" hashrate that is represented primarily by solo mining addresses has dropped 7% since I wrote that post, yesterday. We also had a difficulty decrease on the last adjustment of 4.08% yesterday and we're currently looking at another drop of 3.3% for the next adjustment in 2.5 days, as I write this.
This seems to lend some credibility to the idea that a fair amount of the "solo" hashrate may have been a manufacturer, running their own equipment and dumping the mining rewards to improve cash flow. Will be interesting to see if KNCMiner ships Titans loaded with dust, as they've done to Bitcoin miners before.
Edit: I also just noticed the appearance of a new name on the Top Hashrate list: Zeushash, at 5% of the network hashrate, in the #5 spot. So that may be where some of the "unknown" hashrate went.
submitted by FreeJack2k2 to litecoin [link] [comments]

Interesting Questions and Answers from Slack (shortened)

dr10
What can be done with Javark in the future? you can outline some short & interesting scenarios for me?
boldninja
In the future? More like now - you can build app that utilitizes Ark blockchain. How someone uses it is up to them - example : mobile gaming (payment method or using ARK tokens in-game to purchase from game shop), enterprise level stuff, verifications on blockchain, ... basically now its more in developers hands on how they want to implement and use it. fix developed easy to use Java lite client to work with ark blockchain so you just need to incorporate this in the app that you want blockchain used in.
dafty
a good example is that tipbot (written in Java) currently has to make an OS call to start up Python, run some Arky scripts, and then capture the output via a status code and returning JSON in order to check a balance, send a transaction, or whatever else it does. (edited) Javark means I can create transactions directly within tipbot within the same process, and no longer have to install Python or Arky on any of its nodes (edited)
dr10
so basically not the ark developers create all this new scenarios, but they give the language and power to all who want to embed a cryptocurrency in whatever system they have?
dafty
exactly it provides another way of interacting within the Ark network
dr10
and there is no other crypto that can do that? by now ark was the first as i read
boldninja
first DPoS blockchain ethereum or bitcoin also has Java libraries
dr10
okay
dafty
Python and Java are probably the two most important, most IoT devices run one or the other
boldninja
the advantage that ark has is speed - who will wait 10 minutes for confirmation of bitcoin to I don't know unlock some file or door?
dr10
exactly thats why i bought in xD speed is so important (.)\* Regarding Delegates and the Voting System. What could Delegates do bad or wrong that somebody unvotes them? And what doey need to be good at to get votes? i know its about forging coins, but isnt it just a program running? i dont know much about nodes yet.
jarunik
Install wrong fork.... Majority of delegates decides on the protocol of the network
dr10
so if he does some bad coding/programming which does harm to the network?
jarunik
Lets say someone codes ark unlimited
dr10
yes
jarunik
Delegate will decide for ark or ark unlimited Majority will win....
dr10
so its 51 delegates (like in a congress) who are voted by the ark users and these decide for the paths ark will go through... if its a fork or some new applications being embedded etc?
jarunik
Yes
dr10
i get that. but i dont know why i should unvote somebody for example. i dont know any delegate personally
jarunik
To vote someone else
dr10
yeah but why? why should i care? i dont know them
jarunik
If a decision comes up delegates will take sides
dr10
i dont know what they stand for
jarunik
You will vote for one to represent you Currently not much conflict and politics yet
dr10
for example i only know cryptolanka, because i watch his videos, but i dont know any other delegate. so i dont know what they have on their agenda. how can i get information about that? ok i see so later i will know them by twitter, youtube etc and know their opinions
jarunik
Delegate proposal in the forum
dr10
have to check that out
jarunik
Has current positions. Mostly how to use profit for now
dr10
can normal people make suggestions? Scenario: Ark Fee is 0.1 ARK. If Ark is worth 100$ it is 10$ Fee... People think its too much, they create a movement or something to change this.... or are only delegates able to bring in ideas?
boldninja
one of the features for future is dynamic fee structure so that will be possible :slightly_smiling_face:
dr10
yeah lets pretend there would be no dynamic fee structure... just focussing on the aspect of making proposals which direction ark should shift could I make this proposal? or only one of the 51 delegates?
boldninja
you can make proposals :slightly_smiling_face: - there is a section on github for AIPs https://github.com/ArkEcosystem/AIPs GitHub ArkEcosystem/AIPs AIPs - :mortar_board: Ark Improvement Proposals
dr10
thanks! :slightly_smiling_face:
boldninja
but yeah first step would be to reduce fee if dynamic fee structure wouldn't be implemented yet and if ark would be of such value no one would pay 10$ for fees anyway so it would need to be changed much prior to that
dr10
In bitcoin, litecoin, etc. the biggest miners are those who decide, right? like mining companies etc
boldninja
yeah
dafty
I think dynamic fees should be looked at fairly early on, force it in an update before the delegates really get established
boldninja
I agree
dafty
should be introduced in this year imo
dafty
if Ark does take off, delegates will be unlikely to want to update if it means they'll get less fees only way out would be a hard fork, which would be fine long term
boldninja
dafty
you'll update c'mon ?
dr10
I dont know much about this political systems, but it feels to me, that there is a natural danger - like with politicians - that some people get too powerful and they campaign for themselves, but they devide totally different. is there a danger like this? or what kind of things prevent this?
dr10
like if we have hillary clinton as one of the delegates or whoever xD
dr10
you still need majority consensus so 1-2 bad actors won't change much when we talking about 20+ that would be something
jarunik
problem currently are all the self funded delegates :wink:
dr10
why is this a problem?
jarunik
they don't need votes
dr10
because they have the most coins?
jarunik
they have enough coin to sponsor a seat for themselves economics says they will act in their own intereste
dafty
they are heavily staked in the project, so it's likely they'll go way of general concencus. but, we haven't really seen a split in dpos so far to know what would happen
jarunik
but that might not be in the interest of smaller bag holders
boldninja
I have
dafty
's address we can send someone to update if he won't comply :trollbounce:
jarunik
hehe :slightly_smiling_face:
jarunik
like for example the none forging delegates can't be unvoted i know it does not really hurt currently :slightly_smiling_face:
dafty
brb, need to start my 4 minute walking commute from work :ermygerd: :trollbounce:
dr10
ok i see if there will be a whole new "proof of whatever" system, can people vote to go another route, with a fork or within this current fork? is this even possible? lets say there is "proof of artificial intelligence" XD like changing from a democracy into a technocracy or whatever
jarunik
if majority would vote for that then ark could switch yes
dr10
ok
jarunik
delegate basically downloads the node code and runs it by doing so he chooses which code to run if majority chooses some code ... this codes rules are valid that's at least how I understood it
dr10
if there is a delegate who runs a different code just because he wants to, people just unvote him and so he has no power anymore?
boldninja
if he runs different code he won't forge if he is active
jarunik
he can't make blocks valid
boldninja
he needs consensus enough delegates with same code
dafty
it can be seen with pow & bitcoin right now. 30% running unlimited nodes, 30% running segwit. fortunately, they have agreed to play nicely with bitcoin core until a fixed concencus is reached, in which case either version will start pumping out blocks that are invalid with the other version
jarunik
so one alone does not do any harm If we talk about nodes anyway how do you make sure to not muss forging like some do? do you know when your time for forging is?
boldninja
run ark node on dependable server
dafty
monitoring scripts, auto-failover
boldninja
sending
dafty
coins also helps to better forge
dafty
:this: ddos mitigation
dr10
those who are no delegates can't stake their coins? as i understood only the delegates stake it?
boldninja
you "stake" it by voting for profit sharing pool / delegate anyone can "stake"
dr10
yes thats what i read, but can I see where I stake how much? how much I earn? for example in the POSW online wallet, you see how much you stake every few minutes/hours its easy to read pivx hasnt that feature, i needed to ask the developers
jarunik
you "stake" all ark of a wallet with one vote but it is not really "staked"
dr10
and how much do i earn? where can i see that?
jarunik
you earn nothing at all all goes to delegate delegate decides what to do with it the profit sharing once will pay out a part of it !calculate slackbot Custom Response https://docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit#gid=0
jarunik
it is basically mutual agreement between you and the delegate you vote dependable server and failover .... is there a guide how to set it up? I guess I would need 2 VPS and some CRON job or something ... or how do you do it?
dr10
so basically i could keep 1 ark in my wallet to vote and the rest on an exchange? i still voted and thats all i can do, right? sorry for these stupid questions, i just want to go through different scenarios
jarunik
then you only vote with 1 ark
dr10
ok
jarunik
ark has to be in the wallet you vote with you only vote for one delegate with the entire ark of that wallet ark on exchange does not vote (as exchanges do not vote (currently))
dr10
ok, so if you have 5000 ark, i have 3000 and
boldninja
has 10.000 but only 1000 in his wallet and we all vote one person, that means 9000 ark will be staked for this one delegate?
jarunik
sorry ... dinner ... can help explain more I found out so far later if you want
dr10
sure, np
boldninja
that is correct and biggest share would go to
jarunik
in this case
dr10
you mean his vote weighs more than ours, right?
boldninja
more ark you have more voting power you have
dr10
ok
boldninja
yes cause he is voting with 5k you with 3k and I with 1k
dr10
but he doesnt earn, like people do with pivx or other coins i see
boldninja
nope delegate pays out according to his proposals and you choose which is best suit for you
dr10
someone who wants to be a delegate needs to lock in more than the 51st delegate, right? can he unlock at any time and sell all his coins or is it locked for a certain amount of time
dafty
Note that DPoS doesn't actually involve pools. It's a delegate's decision to profit share or not and sort out payout. Ark has fewer delegates, so there's more incentive required to vote for a delegate (plus 1 ARK=1 Vote). Take a look at Lisk, same concept, but only 3(?) pools at 98 solo delegates.
dr10
If i need to format my PC and reinstall ark wallet, how do I get back into my account? Do I need to save the adress too? or is the passphrase my account at the same time? when I click on import account it says to write in the passphrase, I dont need anythin else?
dafty
yeah it's a brain wallet passphrase produces your public address
dr10
okay
dafty
so long as you have the passphrase, you can access the account from anywhere (edited)
dr10
good Inside the wallet, what is the Register: Offchain good for? I can create folders there. What could I use this for? cannabanana have no idea
boldninja
you can better organize your account - but its local not on blockchain
dr10
watch only adress... to see what the remaining ark on my bittrex account are doing? or what could it be used for
boldninja
adding any address you want to have look out for bittrex hot wallet, your friends account, ...
dafty
ex gf
boldninja
:joy:
dafty
she what shops she's spending your ark on
jarunik
Second passphrase. If you create one when do u enter which one?
dr10
lol
dafty
I set one as soon as I make a test deposit test deposit > second passphrase > the amount I want to send
jarunik
I did not get it. Restoring wallet, sending ark When do u need which passphrase
dafty
when you send out or vote, it'll ask you for your first passphrase, then second
jarunik
Ah both
dafty
second passphrase is produced from first passphrase, I think can't remember
jarunik
So it is just a stonger key and nothing more? Or does it have other benefits?
dafty
it can be used for 2 key multisig, but for most cases it's just more security person A owns one passphrase, person B owns the second, neither can send out unless both provide their keys
dr10
Smartbridge needs to be implemented into other blockchains via a small code right? How could you realize that? Just asking developers to change their code? How can you involve bigger currencies into ark ecosystem, why should they care? :slightly_smiling_face: 4 replies Last reply about 21 hours ago View thread
jarunik
You could do it through some smart contract in ethereum most likely new currencies forked from ark will somewhen have it integrated directly (once it is in Ark code) we will most likely test it with some sidechain or friendly smaller chain first somewhen
dr10
how would you link together with NEM, Bitcoin, PIVX, Ripple?
jarunik
well then if it grows maybe some others get interested
dr10
you will contact the developers and ask them? I am not in the core team :smile:
dr10
:smile:
jarunik
you can join in developement of ark on github anyway
dr10
okay
jarunik
i think you might even get bounties if you do it will be more developement of "community features" I guess but we will see on what we will vote and what idea everyone has whatever helps the ark ecosystem
dr10
sure if a dev is here i will ask him again about linking to other blockchains thanks xD
jarunik
your welcome
dr10
An ARK gaming platform release. Codename: A... (Q2-Q3 2017) what kind of gaming platform? like valve's steam? Live same streaming, personality broadcasting platform (Q3-Q4 2017) (youtube/twitch?)
jarunik
where did you get that from?
dr10
whitepaper in this section: A​pollo​ - P2P Card Network Q2-Q4 2017 it says if there is at least 10.000 BTC raised during ARK-TEC (it wasnt i think?)... so probably it will take longer time... but what are these things?
jarunik
i think the roadmap on ark.io is more updated ....
dr10
steam, youtube, twitch? ok
jarunik
but not sure
dr10
what is NFC?
boldninja
Near Field Communication https://en.wikipedia.org/wiki/Near_field_communication Wikipedia Near field communication Near-field communication (NFC) is a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm (1.6 in) of each other. NFC devices are used in contactless payment systems, similar to those used in credit cards and electronic ticket smartcards and allow mobile payment to replace/supplement these systems. NFC is used for social networking, for sharing contacts, photos, videos Show more… (Not automatically expanded because 8531x5344 is too large to display inline.)
dr10
like bluetooth for payment?
boldninja
yeah similiar remember that a lot of stuff in whitepaper was if we would reach higher funding goals than we did
dr10
yeah i heard that
boldninja
so a lot of this use cases will be postponed we are focusing on core first
dr10
the road map on ark.io is the most accurate roadmap now, right? the whitepaper is more like a very longtime vision
boldninja
we are not funded like some of those latest ICOs raising 10m+
dr10
i know
boldninja
yes most accurate on is on ark.io what we'll work on in the next 3-4 months
dr10
ok
dr10
InterPlanetary File System (IPFS) - you are CURRENTLY working on a decentralized dropbox, decentralized Twitch Streaming, decentralized Data Hosting? is that correct? and this is to be finished 2017 approx.?
boldninja
IPFS yes (which is kind of decentralized hosting) we are not working on Twitch that will require bigger funding at least not yet
dr10
okay so for now only decentralized dropbox... comparable to the concept of storjcoin i guess i didnt know ark has such huge ambitions. it will be a hard way, but i like huge ambitions. as soon as the first important features are realized this project will boom ----- Today May 4th, 2017 -----
dr10
I have a question regarding Proof of Work / Bitcoin (I know its not what this forum is about). Maybe somebody can answer me. What happens when all coins are mined, why should miners continue their work to confirm transactions etc?!
boldninja
fees
dr10
i have read it won't be enough to pay off the computer power? or fees needs to rise?
boldninja
they make quite a nice chunk on fees as it is
dr10
okay well doesnt matter xD i guess my question-session will continue today which points of your roadmap (besides mainnet) are already done and where is the main focus (i see your roadmap @ ark.io, but i guess you dont work on all silmutanously)?
boldninja
Main focus is currently deployable testnets for startups we want to become hub for upcoming projects to start with Ark as base and build upon
dr10
like these new ethereum projects, but just for ark?
boldninja
yeah, but they'll have more "in the own hands" not relaying on ARK network, but still able to communicate to it with SmartBridge if ETH fails all assets fail as they are bound on ETH single point of failure
dr10
hm in which scenario could eth fail what couldnt happen to ark / ark startups? (edited)
boldninja
its hypothetical but if eth would present some kind of flaw in design all assets could be in danger ark startups will have their own blockchains with their own set of rules / delegates, ...
dr10
if eth changes something to their system, all others need to adapt, but @ ark they dont need to adapt because they still can communicate?
boldninja
projects are running directly on ETH blockchain via smart contracts - Augur, Iconomi, TokenCard, ... so if something were to happen or some flaw was unravelled in ETH it could jeoparzide all this projects with Ark you start with codebase and build your own things around it or modify
dr10
ok, i cant imagine what could go wrong to be honest. but i think i understand what you try to say
boldninja
well look at DAO and ETH split to ETC, ... whole crypto is still in experimental phase this is just the start like internet in the 90s
dr10
yes so this: Making ARK clone-able with push button deployment and linked to ARK’s Main Chain via SmartBridge. and this: Deployment of testnet clones for start-ups. is the foundation of the ark ecosystem? and there is the main focus as for now
boldninja
yes currently in development and first to be presented to the public for test along with mobile wallets / wallet redisign - this is currently being worked on and partnership outside Ark as well, but I cannot get more into details on that
dr10
sure and what is already done? Mainnet launch and what else? wallet
boldninja
Java , Python implementation which is huge if you are more into dev scene
dr10
yeah i read into the possibilities of that yesterday
boldninja
more to come as well - we want Ark to be universally avail in most promising dev langauges so you could get in with language you are most comfy working in
dr10
i want to make my videos in english first, but HQ and then I talk about it in german lets say I want to create an ingame shop for Skins. How would I proceed (for dummies / beginner developers). I connect to the github? stupid question xD but well there are no stupid ones
boldninja
if you'd want to utilize Ark for ingame shop you'd probably develop game in Java for mobile so you'd look over Javark and how you make calls to execute transcations, verify payments on blockchain, save data on blockchain, ...
submitted by Jarunik to ArkEcosystem [link] [comments]

Help with getting things to start mining scrypt currencies (using raspberry pi 2 , gridseed asic miner , & cgminer) . . .

Here's what I have & will be using (I already have the cables & power) :
raspberry pi 2 Gridseed ASIC Miner for Litecoin and Bitcoin Mining --- 4 of these cgminer
[ I followed this example for setting things up : https://www.reddit.com/defcoin/comments/23nvs1/raspberry_pi_asic_defcoin_mining_guide/ it is my understanding that any altcoin you wish to setup mining for , is done in this similar fashion ]
I want to do scrypt cryptocurrency mining , I just want to understand how this is done ....
( I know there's a lot of tutorials out there & great vids , and I've done a lot of reading on all this matter , but I can't seem to get things working right , please help / advise )
Questions:
  1. if I solo mine , what is the correct port # to use here (and is the below command formatted correctly more-or-less) :
sudo ./cgminer -o stratum+tcp:localhost:#### -u Username.Workername -p yourworkerpassword --gridseed-options freq=850
( I understand I need to create my own pool , a pool of 1 , is considered to be solo-mining , correct ? How do I do this ? )
  1. also , before I can solo-mine , I need to have downloaded & install the wallet for the cryptocurrency I am going to mine , correct ? And I understand there is some kind of Config files relevant that I should modify accordingly to set things up with my mining solo , right ? How is it done & where do I find this config files ??
  2. I tried connecting my 4 gridseed(s) to my raspberry pi 2 , via the 4 usb ports it has , but it seems like it can't handle the 4 of them , so I have to deal with only using 2 of the gridseed(s) connected to my raspberry pi 2 at a time .... does this seem right to you ? And so , what work around do I have for this poroblem , I want to use all 4 of these gridseeds connected to my raspberry pi 2 ,,, I'm guess a usb hub is needed for this right ?
THANKS IN ADVANCE FOR YOUR HELP AND GUIDANCE !!!
submitted by justahotmininggirl to scryptmining [link] [comments]

Informative post about Feathercoin

Seeing how this Subreddit is lacking any sort of info on Feathercoins and the lack of community support we have, I have decided to start a post that would inform newbies about Feathercoin and seasoned vets on the best places to trade.
Feathercoin:
It is a Crypto Currency that was started by Peter Bushnell. It is a clone of Litecoin (This coin was inspired by Bitcoin). The Feathercoin network generates coins at a decreasing rate. It will generate about 336 million coins which is 16 times more than that of Bitcoin and 4 times more than that of Litecoin. Currently about 25 million coins have been generated.
Network hashrates, Pools, Solo mining:
Currently a mid end system comprising of 7870 or 7970 will get you abot 400 to 700 kh/s. That means that in a given day you will be mining about 7 to 13 Feathercoins on current difficulty level. However If you mine alone that is solo mining, the probability of you finding a block is hard and it may take a while before you make a coin. To counter this people have started making pools to increase the chances of finding blocks. There are many pools that allow you to have multiple workers so you can setup multiple systems and mine at your leisure. Currently some of the popular pools are:
http://www.fcpool.com/
http://give-me-coins.com/
http://www.wemineftc.com/
http://fc.ltcoin.net/
https://ftc.d2.cc/
For a full list of mining pools: http://coinpools.sdfg.org/ftc
It is highly recommended to join a pool to make mining profitable. Look at the pools posted above, look at their fee structure, their payout and make an informed decision on which pool to join.
Hardware and Mining:
Feathercoin utilizes scrypt based mining that is you can use your GPU (the Graphics card inside your system) to mine them. AMD Cards are highly recommended as they output higher hashrates as compared to Nvidia. To give you an idea of the difference a 7870 ghz edition mines at about 375 kh/s whereas a Nvidia 780ti would mine at about 224 to 300 kh/s. If you are seriously considering in investing in this venture it would be best to buy a rig that supports 6 GPU's and buy either the 7950 or the 280x as they have considerably higher hash rates and are affordable to say the least. Something one should be aware of is that mining produces a lot of heat as your system is basically running at full capacity and therefore needs a lot of cooling. People usually build rigs in the open (no case) and use household fans to cool them. Also another thing that is common is to use PCIe risers as they allow greater spacing between GPU cards and effectively help in dissipating heat. Mining uses a lot of electricity so it is best to use a schedule to mine or if electricity is cheap then 6 7950's running 24 hours a day would cost you about 12 to 18 dollars in electricity a month, maybe more depending on where you live. The software to use for mining are Cgminer (https://litecointalk.org/index.php?topic=6925.0), guiminer scrypt (http://forum.feathercoin.com/index.php?topic=961.0) and cudaminer for Nvidia cards. I would advise against Cpu mining as that is not profitable and will simply weigh you down. Invest 250 to 350 dollars in a good AMD GPU and you will be mining much more effectively.
Trading:
There are many places where one can trade Feathercoins but only a few of them offer FTC/USD exchange. Btc-e (https://btc-e.com/exchange/ftc_btc). Is one of the biggest cryptocoin trading exchanges, it does not offer USD exchange for Feathercoins as of yet but allows you to exchange for Bitcoins. Crypto-trade (https://www.crypto-trade.com/trade/ftc_btc), this trading exchange allows you to trade against the USD making it more favourable to miners however there is currently a lack of volume for FTC as of writing. Other exchanges like Cryptsy, Bter and coins-e are all good but they are heavily dependent on Bitcoins and Litecoins for now.
My thoughts
Feathercoin is fairly new and its gaining momentum, once big exchanges start listing it against the USD, the venture will become more profitable. For now it is advisable to mine as many as you can and sit on them till value improves or if you have a mining rig that is mining at 22000 kh/s (this will get you about 500 feathercoins a day) then mine the shit out of them and trade them for Btc for profit although I would recommend against this as it it reduces the value of feathercoin. Many exchanges allow you to deposit money via international wire transfers however the minimum is 2000 dollars so keep that in mind before investing real money into this venture. There are alternatives like paypal and okpay that are also accepted but not a lot of people have accounts on those so signup for a website that suits your situation.
One last ting we all need to do is spread awareness about Feathercoin, It is a miners coin and the difficulty right now makes it so much more interesting to mine. I will update this page with more information and will answer questions if any to the best of my knowledge. Happy mining
My FTC wallet deposit thingy address : 6v1VuL41xGuLG1Bd8usJsuUEkZyac8jKbe
EDIT : I realized some of you might have NVIDIA GPU's and are hesitant on getting AMD. Never fear for there is a solution. If you have a motherboard that supports two or more GPU's that is you have more than one PCIe slots than follow these instructions:
If you intend to game on your system while you are mining then put the NVIDIA card in PCI slot one and buy an AMD card and put it in slot 2. Now install the drivers in the order Nvidia first reboot and then Amd second reboot. You do not need to plug in HDMI to your AMD card just leave it as it is. Now download gpu miner scrypt and select from the list your AMD card and start mining, its that easy. At night if you want to squeeze in more kh/s then run cudaminer and let it mine alongside your AMD. The best part about this is that you can be mining 24/7 on your AMD card and you will not experience any system slow down while gaming or watching movies. Remember to have atleast two workers workers created so you can mine parallel. If you already have an NVIDIA card then just install your AMD card and install AMD drivers and reboot and run guiminer scrypt. At times you might run into the issue of guiminer not starting, just delete it and re install it and it should work fine in 98% of the cases. This is for those who do not want to invest in a completely new system and would rather use their existing system. You can use cgminer as well but remember the order in cgminer starts from 0 not 1 so if NVIDIA is in slot 1 then it is -d0 -g0 and AMD will be -d1 -g1
submitted by motherlode1 to FeatherCOin [link] [comments]

Subreddit Stats: Monero top posts from 2014-08-18 to 2017-03-29 08:26 PDT

Period: 954.25 days
Submissions Comments
Total 1000 25652
Rate (per day) 1.05 26.87
Unique Redditors 413 2261
Combined Score 48590 87137

Top Submitters' Top Submissions

  1. 3662 points, 63 submissions: dEBRUYNE_1
    1. Monero Core GUI Beta 1 Released (212 points, 135 comments)
    2. Monero v0.10.0 - Wolfram Warptangent - released! (Includes GUI update and how to update wallet) (192 points, 81 comments)
    3. Bitfinex to add Monero (XMUSD & XMBTC) (183 points, 74 comments)
    4. Monero v0.10.1 - Wolfram Warptangent - released! | Mandatory upgrade! (167 points, 62 comments)
    5. PSA: Users, (solo)miners, exchanges/merchants, and pool operators must be on v0.10.1 in advance of the hardfork otherwise you will get forked/booted off the network. Miners, please contact your pool operator to ask them if they have upgraded | Monero v0.10.1 released - mandatory upgrade! (139 points, 81 comments)
    6. Trezor has expressed interest in merging the Monero for Trezor software upstream (104 points, 29 comments)
    7. The minimum fee will decrease from 0.01 XMR per kB to 0.002 XMR per kB today! (97 points, 36 comments)
    8. General information for the upcoming hardforks (96 points, 50 comments)
    9. Monero v0.9.4 - Hydrogen Helix - released! (Updated to include missing DLLs) (91 points, 8 comments)
    10. Additional GUI Developer (Jaquee) - Community Feedback Required (80 points, 47 comments)
  2. 1371 points, 27 submissions: americanpegasus
    1. My wife got me a Monero birthday cake. 🍰 (135 points, 17 comments)
    2. Contest: I will pay 1000 Monero to anyone who can successfully leak the most significant and damning information regarding the organization known as Correct The Record. (125 points, 72 comments)
    3. One of the unfortunate side effects of birthing a truly decentralized financial network is that you have to make a few people rich along the way. Do not lose sight of the big picture: we are all part of one of the most important endeavors in the known universe. (111 points, 55 comments)
    4. ZCash is hitting Poloniex tomorrow and the price will likely go up. But I won't be touching it, ever. The entire project is already compromised on principles alone. (93 points, 59 comments)
    5. Submitted exactly one year ago to /investing: Why Monero is the next Bitcoin and you should be paying attention to it. 😄 ...they downvoted it to zero. (85 points, 52 comments)
    6. PSA: Never trust anything closed source with your Monero private keys. (65 points, 27 comments)
    7. What if you discovered a true super AI, just chilling on the internet? And nobody seemed to care? (58 points, 15 comments)
    8. Thank you. (52 points, 7 comments)
    9. A Game of Bagholding. (51 points, 39 comments)
    10. Monero is the next step on our way to a global technocracy. What's coming next may surprise you. (43 points, 44 comments)
  3. 987 points, 16 submissions: xmr_eric
    1. A reflection on Monero's fundamentals vs. the Dash pump (110 points, 165 comments)
    2. The Monero StackExchange needs you! Only 10 days left to hit our numbers - and we're still short. (109 points, 64 comments)
    3. Monero GUI video preview (95 points, 48 comments)
    4. Solo Mining: How to strengthen Monero's network and become part of its story (or, I just solomined a block!) (92 points, 31 comments)
    5. Monero's dynamic blocksize has increased (78 points, 14 comments)
    6. A reflection on why I believe in Monero (70 points, 32 comments)
    7. Installing 0.10.2 on my VPS node lowered the CPU utilization from 40% to 4%. Nice! (59 points, 8 comments)
    8. My nephew Henry is Monero's #1 fan (57 points, 18 comments)
    9. Redefine Monero as this: Private, Digital, Decentralized (55 points, 18 comments)
    10. Top XMR Exchanges (Poloniex just 2/3rd of total volume) (48 points, 25 comments)
  4. 724 points, 15 submissions: mWo12
    1. monero-core (GUI) development version - screenshots (71 points, 68 comments)
    2. Block 1220516 has been mined! (68 points, 21 comments)
    3. Monero overtook Litecoin in market cap (63 points, 32 comments)
    4. In last 4 weeks, Monero project got over 2200 xmr in donations! (62 points, 11 comments)
    5. Not only Monero price increased recently, but also donations to Monero project got significantly higher! (59 points, 3 comments)
    6. AlphaBay and Oasis Markets to Begin Accepting Monero for Payments (51 points, 18 comments)
    7. SIGAINT launches Tor Monero node as "[its] operators firmly believe that Monero is the next logical step in Darknet commerce" (48 points, 64 comments)
    8. FYI: Monero project got 228 XMR in donations in last week. (46 points, 7 comments)
    9. 5 Major Reasons Why Monero Has Spiked (45 points, 6 comments)
    10. If anyone interested, generated full list of donations to monero project and forum. It totals to more than 153k of xmr. (42 points, 19 comments)
  5. 697 points, 13 submissions: fireice_uk
    1. XMR-Stak-CPU - High performance, open source, miner released! (99 points, 175 comments)
    2. A proposal to speed up wallet sync around 5x (83 points, 112 comments)
    3. XMR-Stak-NVIDA - first secure miner for NVIDA cards, and a release of CPU and AMD miners (73 points, 70 comments)
    4. XMR-Stak-CPU v1.1-1.1 - even faster now, and you can check it on your mobile! (61 points, 24 comments)
    5. XMR-Stak - proudly XMR-only mining network stack (and CPU miner) (60 points, 31 comments)
    6. SECURITY AVISORY - Common Exploit in Monero miners (59 points, 30 comments)
    7. Proposal - cut wallet sync time from 30 min to 7.5 min (52 points, 4 comments)
    8. Miner exploit - this is why we need a bug bounty (44 points, 61 comments)
    9. XMR-Stak-AMD released! (44 points, 26 comments)
    10. FFS Idea - Cutting wallet sync time (36 points, 15 comments)
  6. 690 points, 15 submissions: savandra
    1. Monero promo video is finally done! (92 points, 48 comments)
    2. Monero: The Essentials (Video) (76 points, 24 comments)
    3. Monero Promo Video (69 points, 32 comments)
    4. Monero Video: The Introduction (50 points, 37 comments)
    5. New Video: RingCT explainer (1st of 6) (48 points, 37 comments)
    6. Monero Videos: RingCT update + Ring Signatures discussion (47 points, 14 comments)
    7. "What is Monero? is produced and open-sourced. The explanation video series is on its way (40 points, 10 comments)
    8. Monero Video: Stealth Address Storyboard (39 points, 7 comments)
    9. RingCT video: update (37 points, 18 comments)
    10. Monero Explainer Video Series: Ring Signatures. Help us with the script! (35 points, 34 comments)
  7. 672 points, 16 submissions: EncryptionPrincess
    1. More GUI pull requests were just merged! (89 points, 3 comments)
    2. I look forward to the day when #xmr is no longer referred to as an "altcoin" (74 points, 18 comments)
    3. Free Monero for new users (62 points, 167 comments)
    4. Zcash trusted setup disaster. The number of parties used should have much larger. It is sad that they never properly responded to this concern. (41 points, 47 comments)
    5. Tell everyone to stop using Minergate! (39 points, 22 comments)
    6. Accept Monero payments for Protonmail Plus and Visionary upgrades (37 points, 4 comments)
    7. Reminder for newcomers: XMR can be used at all BTC accepting merchants (37 points, 2 comments)
    8. Chain Anchor violates key principles of bitcoin. Monero view keys do not and allow privacy control to remain with users (35 points, 9 comments)
    9. I never thought this would happen. Respect to Amanda_B_Johnson for having more courage than Evan Duffield (34 points, 94 comments)
    10. Peter Todd describes potential single point of failure in #Zcash trusted setup (34 points, 15 comments)
  8. 651 points, 18 submissions: gingeropolous
    1. /xmrtrader exists. Please use it for all price movement talk. We all know it goes up and down. (60 points, 9 comments)
    2. Did you guys see this awesomeness? One time "addresses" with the same address. (52 points, 23 comments)
    3. Free VMs for Monero Developers (for Monero development) (46 points, 8 comments)
    4. Random musings on funding developments (42 points, 33 comments)
    5. Woohooo! Mine.moneroworld.com found a block! (41 points, 11 comments)
    6. Reflections on a world going round.... (39 points, 24 comments)
    7. Blockchain simulator in R (36 points, 3 comments)
    8. I'm so happy this is all happening (34 points, 8 comments)
    9. MoneroWorld Open Nodes update - random, permissionless inclusion! (32 points, 11 comments)
    10. Another day, another Monero: bitcoin subreddits go crazy over backlog. Monero users never to be affected. (31 points, 25 comments)
  9. 638 points, 11 submissions: fluffyponyza
    1. [Funding Required] Shen Noether, for work on RingCT and multisig (yay) (106 points, 40 comments)
    2. A fond goodbye to our friend and contributor, warptangent (104 points, 38 comments)
    3. PSA: fake MyMonero website is operating at .co, and stealing private keys (84 points, 1 comment)
    4. fluffypony's March Conference Circuit (Mostly Europe) (74 points, 25 comments)
    5. If you want to accept Monero (among other things) for your business, consider signing up for the now-open PayB.ee private beta! (48 points, 10 comments)
    6. Eek! Our StackExchange needs a little bit of attention! (44 points, 3 comments)
    7. FYI: Lily Newman from Wired kindly reworked and corrected the Monero paragraph in this article (39 points, 5 comments)
    8. If you're in Johannesburg, South Africa, then join us for the inaugural monthly Monero Meetup on December 17th! (36 points, 10 comments)
    9. There's an open issue for a Monero icon in Font Awesome, add your voice to encourage them to add it! (36 points, 10 comments)
    10. The Monero StackExchange Proposal is crossing 80% - all it needs is a few more committers with 200+ rep on another Stack! (35 points, 16 comments)
  10. 601 points, 12 submissions: needmoney90
    1. The Monero StackExchange is now in Public Beta (136 points, 26 comments)
    2. Price of Monero at the End of the Year (An AmericanPegasus Classic) (58 points, 30 comments)
    3. Monero Trezor Firmware Beta Sourcecode (Experimental!) (53 points, 19 comments)
    4. Let There Be Slack! (50 points, 21 comments)
    5. Silicon Valley Monero Meetup (45 points, 39 comments)
    6. A Reminder: Making money in crypto is easy. Keeping it is the hard part. (44 points, 22 comments)
    7. Silicon Valley Monero Meetup [Update] (43 points, 27 comments)
    8. PSA: Change your exchange passwords ASAP (38 points, 20 comments)
    9. The Monero StackExchange Is Now In Private Beta (38 points, 4 comments)
    10. /MoneroMarket - Buy and Sell Goods and Services for Monero (34 points, 3 comments)

Top Commenters

  1. fluffyponyza (3517 points, 612 comments)
  2. yuvzst (2008 points, 300 comments)
  3. gingeropolous (1692 points, 437 comments)
  4. uy88 (1658 points, 598 comments)
  5. ferretinjapan (1613 points, 304 comments)
  6. Ant-n (1474 points, 482 comments)
  7. lethos3 (1469 points, 336 comments)
  8. dEBRUYNE_1 (1318 points, 414 comments)
  9. JollyMort (1196 points, 248 comments)
  10. americanpegasus (1085 points, 246 comments)

Top Submissions

  1. Monero Core GUI Beta 1 Released by dEBRUYNE_1 (212 points, 135 comments)
  2. Monero v0.10.0 - Wolfram Warptangent - released! (Includes GUI update and how to update wallet) by dEBRUYNE_1 (192 points, 81 comments)
  3. Kraken — Kraken launches Monero trading by ferretinjapan (186 points, 53 comments)
  4. Bitfinex to add Monero (XMUSD & XMBTC) by dEBRUYNE_1 (183 points, 74 comments)
  5. Jaxx - Monero Integration Update by Jaxx_adiiorio (181 points, 73 comments)
  6. Ummm... I'm a Monero Millionaire. by MarylinMonero (171 points, 201 comments)
  7. Monero v0.10.1 - Wolfram Warptangent - released! | Mandatory upgrade! by dEBRUYNE_1 (167 points, 62 comments)
  8. /Monero - Newcomers Please Read. Everything You Need To Know. by cryptonaire- (165 points, 46 comments)
  9. Monero.how launches - Monero tutorials, statistics, chart and goodies by knaccc (155 points, 99 comments)
  10. Monero, the Drug Dealer’s Cryptocurrency of Choice, Is on Fire by swalecko (151 points, 78 comments)

Top Comments

  1. 97 points: binaryFate's comment in I left for a WEEK... WTF happened !?
  2. 77 points: TedTheFicus's comment in Jaxx - Monero Integration Update
  3. 71 points: mustbemoney's comment in ZCash is hitting Poloniex tomorrow and the price will likely go up. But I won't be touching it, ever. The entire project is already compromised on principles alone.
  4. 65 points: Tom___Tom's comment in Why is Monero's lead developer FluffyPony telling the audience in his speeches NOT to buy? (genuine question, no need to attack me)
  5. 62 points: JollyMort's comment in FBI Concerned About Criminal Use of Private Cryptocurrency Monero
  6. 62 points: Twentey's comment in Ummm... I'm a Monero Millionaire.
  7. 58 points: alvinjoelsantos's comment in Ummm... I'm a Monero Millionaire.
  8. 57 points: fluffyponyza's comment in Monero’s GUI: a Year Late, and a Zec Short.
  9. 56 points: nanoakron's comment in Jaxx - Monero Integration Update #3
  10. 55 points: jprichardson's comment in Any updates from Exodus?
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How to mine bitcoins (solo mining) with the core client ... How to quickly start mining bitcoins [Easy] - YouTube Bitcoin Core Wallet Tutorial - YouTube BTC wallet and mining walkthrough - YouTube How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner ...

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How to mine bitcoins (solo mining) with the core client ...

Hive Mining with Litecoin Cash 1. What is LitecoinCash? A fork of Litecoin using SHA-256 algorithm 2. Why not Bitcoin? BTC is great but LCC is faster and more readable. For example you can send ... bitcoin (dot) org [bitcoin wallet] bitminter (dot) com [client and workers] there will never be a better version of this. What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1... We take a look at profitability of USB miner solo mining Bitcoin and Litecoin. What are the chances to find a block on your own own of 12.5 BTC or 25 LTC. Ch... *****UPDATE***** Solo mining has been removed from client. I'll keep the video up for how it used to work, it might still work for some alt coins (unsure) yo...

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