blockchain-target-audience Bitcoin Marketing Team

Warning: Blockchain difficulty adjustment affecting price movements

Below are notable difficulty adjustments when hash rate fell and block times become slower for Bitcoin.
  1. 26 Mar 2020 [difficulty adjustment -15.95%, avg block time 11min 54secs]. On the 28th price crashed from $6674 to $6138 ( -8%).
  2. 8 Nov 2019 [difficulty adjustment -7.1%, avg block time 10min 46secs]. On the same day price crashed from $9234 to $8783 ( -4.88%).
  3. The next big adjustment was around Nov to Dec 2018 and there were 3 big adjustments with high block times.

Current situation:
We are 1 day 10 hours from the next difficulty adjustment. Projected difficulty adjustment is -5.61% (, which could indicate a small dip. However, take note that the date of last adjustment was the 5th and the 3rd halving was on the 11th, between the 5th to the 11th there was increased hashrate from miners trying to mine the final week of 12.5btc that offset the really slow block times after the halving. Therefore it will be the next difficulty adjustment after the one on the 20th that will completely reflect the slower block times after the halving. Currently the median block time taken on the 17th was around 14min (-28.5% difficulty adjustment).
For people who do not understand blockchain, basically with the Bitcoin 3rd halving, mining profitability fell for a lot of miners and they probably turned off their miners therefore the blockchain mining time became considerably slower which is reflected with slow transaction speed and higher fees as seen currently. Bitcoin sellers moving their BTC from wallet to an exchange are faced with slow transaction speed and therefore the sell pressure of BTC fell considerably which will attribute to the current price increase. There is a correlation between sell pressure and blockchain congestion (the size of the correlation is undetermined).
There is going to be a race. A race between BTC price hiking high enough to attract more miners to reduce avg block times versus the closing window of roughly 2 weeks before the next difficulty adjustment. If the price does not jump high enough, the next difficulty adjustment in the first week of June could signal a huge dip.
I am not an expert. I just did some research on the above and wanted to share with fellow Bitcoin compatriots so that we can tread with caution and not lose our shirts. I do not plan to short BTC but I will exit my BTC positions if I expect double digit negative difficulty adjustment in early June.
Please visit the original post here
There are pictures in the original post as well as 2nd halving evidence with pics. I could not post pics here. If possible please upvote the original post, a lot of people downvote it. Not sure why people downvote it, maybe veterans attempting to hide information from newcomers to fleece them of their shirt.

Update 1:>! As of writing, I have opened a small short position on Bitcoin. Stop loss around 10k, estimated take profit around 8500. The reason is because the difficulty adjustment in the next 20 hours, even though is just -5% roughly is still significant. I direct you to look into all the difficulty adjustments in the last 2 years and you will know how rare it is. The ones I caught were all listed at the very top of the post. Since it is my first time shorting BTC, I take this as a learning opportunity so that I will have some experience to face the bigger difficulty adjustment in the first week of June. Analysis into execution, even in failure I am happy.!<
Update 2: The difficulty adjustment (DA) happened roughly 6 hours ago and the sell pressure from -6% DA did not seem to be affecting the market much. However, please take a look now at the estimation for the next DA.
On it is estimated to be -25%.
On estimated to be -18%.
On the median block time for the last day was 16.8min.
My original proposition that the true DA of the halving can only be realized in the next DA stands and that it will be considerable. The increased sell pressure from that DA will be highly significant. That is why there is a race by current miners to get the BTC price up high enough to attract more miners to not have the DA drop too much.
Update 3: Current BTC price at $9100 ( ~39 hours after DA). Then again BTC could have dropped from all sorts of reason. However the coincidence with the DA and with all the past DA is just too high to simply shrug off as irrelevant. Anyways past result cannot predict future ones, stay safe with the trading. Will no longer check on this post.
Difficulty adjustment dates taken from
Bitcoin graph history for price movement taken from coinmarketcap.
Median confirmation time (block time) taken from

Credits to people who assisted the analysis:
kairepaire for pointing out faster block times between 5th-11th.
babies_eater for
moes_tavern_wifi for
Pantamis for
submitted by theforwardbrain to BitcoinMarkets [link] [comments]

PYRK mining features in the unstable crypto world

PYRK mining features in the unstable crypto world
Greetings, community! 👋🏻 Today we will tell you about the PYRK mining features in the unstable crypto world.
📉 The crypto market is not stable. However, unlike the stock market, the crypto market, especially individual coins, depends on the hype, rumors around them, and more. This contributes to massive purchases or sales of coins, price fluctuations, hype leads new miners, anti-hype - contributes to their outflow.
📈 Changing the number of miners affects the network load. A sudden increase in the number of miners leads to an increase in computing power, which makes mining too easy. A quick and sudden outflow of miners leads to a sharp increase in the complexity of mining.
📊 That is why PYRK decided to use the Multishield technology, originally developed by Digibyte.
🔗 Multishield is a "difficulty retargeting" method to maintain the "average" block timing, by automatically changing the complexity of mining on the network. The idea being that as there is more hash-power provided by the miners it needs to become harder and harder to find the blocks.
✔️ Pyrk has a 90-second block timing target, meaning mathematically based on the previous blocks the "difficulty" in finding the cryptographic answer for each block will become harder or easier in order to maintain an approximate 90-second block timing. The original Bitcoin adjusts difficulty every 2016 blocks. However, MultiShield adjusts after each block, rather than once every 2016 blocks.
✔️ MultiShield is designed to drop the difficulty fast to ensure that the chain doesn't freeze. MultiShield was originally created to account for such wild fluctuations, so that the blockchain doesn't "freeze" when a large exodus of hash power occurs. It also means miners cannot flood a few consecutive blocks with a high amount of hash power and benefit from low difficulty, giving blocks near instantly one after another before traditional difficulty retargeting occurs.
Find out more about PYRK mining solutions:
submitted by VS_community to pyrk [link] [comments]

Warning: Blockchain difficulty adjustment affecting price movement

Warning: Blockchain difficulty adjustment affecting price movement
Below are notable difficulty adjustments when hash rate fell and block times become slower for Bitcoin.
  1. 26 Mar 2020 [difficulty adjustment -15.95%, avg block time 11min 54secs]. On the 28th price crashed from $6674 to $6138 ( -8%).
  2. 8 Nov 2019 [difficulty adjustment -7.1%, avg block time 10min 46secs]. On the same day price crashed from $9234 to $8783 ( -4.88%).
  3. The next big adjustment was around Nov to Dec 2018 and there were 3 big adjustments with high block times.
  • 19 Dec 2018 [-9.56%, avg block time 11min 3secs]
  • 3 Dec 2018 [-15.13%, avg block time 11min 47secs]
  • 17 Nov 2018 [-7.39%, avg block time 10min 48secs]
  • There was huge drop off starting on 14th Nov all the way to a bottom on 14-15th Dec ($6351 to $3288 around -48%).

Current situation:
We are 1 day 10 hours from the next difficulty adjustment. Projected difficulty adjustment is -5.61% (, which could indicate a small dip. However, take note that the date of last adjustment was the 5th and the 3rd halving was on the 11th, between the 5th to the 11th there was increased hashrate from miners trying to mine the final week of 12.5btc that offset the really slow block times after the halving. Therefore it will be the next difficulty adjustment after the one on the 20th that will completely reflect the slower block times after the halving. Currently the median block time taken on the 17th was around 14min (-28.5% difficulty adjustment).
For people who do not understand blockchain, basically with the Bitcoin 3rd halving, mining profitability fell for a lot of miners and they probably turned off their miners therefore the blockchain mining time became considerably slower which is reflected with slow transaction speed and higher fees as seen currently. Bitcoin sellers moving their BTC from wallet to an exchange are faced with slow transaction speed and therefore the sell pressure of BTC fell considerably which will attribute to the current price increase. There is a correlation between sell pressure and blockchain congestion (the size of the correlation is undetermined).
There is going to be a race. A race between BTC price hiking high enough to attract more miners to reduce avg block times versus the closing window of roughly 2 weeks before the next difficulty adjustment. If the price does not jump high enough, the next difficulty adjustment in the first week of June could signal a huge dip.
I am not an expert. I just did some research on the above and wanted to share with fellow Bitcoin compatriots so that we can tread with caution and not lose our shirts. I do not plan to short BTC but I will exit my BTC positions if I expect double digit negative difficulty adjustment in early June.

Bitcoin 2nd halving evidence:

2nd halving falls between the 5th and the 19th adjustment so it is only reflected on the 3rd of Aug difficulty adjustment ( -5.43%).

See the dip on the 3rd of August. Price fell from $600 to $533 about 11% drop.
Update 1:>! As of writing, I have opened a small short position on Bitcoin. Stop loss around 10k, estimated take profit around 8500. The reason is because the difficulty adjustment in the next 20 hours, even though is just -5% roughly is still significant. I direct you to look into all the difficulty adjustments in the last 2 years and you will know how rare it is. The ones I caught were all listed at the very top of the post. Since it is my first time shorting BTC, I take this as a learning opportunity so that I will have some experience to face the bigger difficulty adjustment in the first week of June. Analysis into execution, even in failure I am happy.!<
Update 2: The difficulty adjustment (DA) happened roughly 6 hours ago and the sell pressure from -6% DA did not seem to be affecting the market much. However, please take a look now at the estimation for the next DA.
On it is estimated to be -25%.
On estimated to be -18%.
On the median block time for the last day was 16.8min.
My original proposition that the true DA of the halving can only be realized in the next DA stands and that it will be considerable. The increased sell pressure from that DA will be highly significant. That is why there is a race by current miners to get the BTC price up high enough to attract more miners to not have the DA drop too much.
Difficulty adjustment dates taken from
Bitcoin graph history for price movement taken from coinmarketcap.
Median confirmation time (block time) taken from

Credits to people who assisted the analysis:
kairepaire for pointing out faster block times between 5th-11th.
babies_eater for
moes_tavern_wifi for
Pantamis for
submitted by theforwardbrain to Bitcoin [link] [comments]

Similarities and differences between Bitcoin and PYRK

Similarities and differences between Bitcoin and PYRK
Hello. 👋🏻 In this post, we will tell you about the similarities and differences between Bitcoin and PYRK.
PYRK is a cryptocurrency based on Bitcoin, with additional features imported from both Dash and Digibyte. Improvements include triple algorithm Proof of Work with Multishield difficulty adjustment, Masternodes, Private Send, and a Community Fund. With plans for Simple Tokens.
Similarities and differences between Bitcoin and PYRK solutions
📌 Difficulty retargeting
Due to the volatility of the crypto market, the influx and outflow of miners in the network, destabilization of the blocking, and confirmation times can occur. For this, Bitcoin uses "difficulty retargeting". PYRK uses the same principle to solve this problem. PYRK has a 90-second block timing target, meaning mathematically based on the previous blocks the "difficulty" in finding the cryptographic answer for each block will become harder or easier to maintain an approximate 90-second block timing. However, unlike Bitcoin, PYRK adjusts difficulty after each block, rather than once every 2016 blocks, thus being more flexible and stable.
📌 Masternodes
Just like Bitcoin, PYRK also uses masternodes. Masternodes are all paid from generated block rewards. The Masternode rewards start at block 10,000 and the master node network receives 20% of the block reward. At block 100,000, the reward goes up to 30%, however, the collateral also goes up at block 100,000 to 2500 PYRK.
📌 Having
A different approach to restricting the inflation of mining is taken in Pyrk, using a 20% reduction of the supply every 200,000 blocks. This is done as opposed to 50% halving implemented by Bitcoin and thus reduces the initial shock impact of a halving event.
📌 Simple Tokens
A future improvement planned for PYRK is Simple Tokens. This is similar to the SLP (Simple Ledger Protocol) used by Bitcoin Cash. There are, however, some issues with their implementation that we would like to improve on.
Read about PYRK improvements and solutions here:
submitted by VS_community to pyrk [link] [comments]

I wrote an essay on why I'm seriously bull on dogecoin. I didn't feel comfortable posting it in /r/dogecoin, so here you go.

I wrote an essay on why I'm seriously bull on dogecoin. I didn't feel comfortable posting it in /dogecoin, so here you go. submitted by Tuxedage to CryptoCurrency [link] [comments]

Sub 1 minute transfer time

This might be old news for you, but after getting used to looong BTC and ETH transfer times I was shocked by Digibyte.
I wanted to transfer from Bittrex to a wallet, and tested the process with 1 DGB. I went to fill up my glass with water, and when I returned it was completed. "This must be because it was just 1DGB" I said.
After confirming the transfer was successfull, I went ahead and transferred all my DGB to that wallet. This time I used a stop watch.
58 seconds. I almost couldn't believe it. Now if coinbase could just add DGB, I would be golden.
submitted by NorwegianSilver to Digibyte [link] [comments]

Professor of Computer Science: "If the coin does split, the two coins will be identical, except that one will have a slow block rate..."

"If the coin does split, the two coins will be identical, except that one will have a slow block rate, 1 MB blocks, and force the users to engage in the the "fee market" auction; whereas the other will provide 10 minute average conf delay for all transactions that pay the posted min fee, will allow transactions to be signed offline in advance and then issued with fire-and-forget, among other perks. Which version will be more likely to retain most of the price?"
submitted by Shock_The_Stream to btc [link] [comments]

MVF clients successfully perform first hard-fork on BFGtest network

Today the MVF clients BFGtest network successfully executed a first spin-off hard fork. The story is somewhat amusing, because this was not entirely intentional, yet according to specifications :-)
Here's what happened:
On the MVF clients, the SegWit (BIP141+BIP147) soft-fork activation is configured to start on January 1 2017 for the BFGtest net. (partly because I was unsure what happens when a BIP start date is earlier than a genesis block date, and partly to give the "artificial SW activation" some more time on BGFtest net.
Background info: MVF clients do not implement full SegWit, they only understand the BIP9 version bits and are configured to react by hard-forking when the soft-fork on bit 1 (SegWit) activates.
So after the first difficulty retargeting period at block 2016, all peers (both MVF-BU and MVF-Core client types) started signalling block version 0x20000003 on every block , indicating support for the defined soft-forks including SegWit.
They merrily carried on signalling in this way through the second retargeting period, locking in SegWit, and when the third retargeting came at block 6047, they decided that all BIP9 soft-forks had been successfully activated and that it was also time to hard fork now, according to the requirements :-)
So we can report that triggering the hard fork upon SegWit activation works. Actually, I already knew this from executing the automated regression tests, but we've never done it on a public testnet.
After the HF activated, difficulty retargeting as per the fork code kicked in, with difficulty being recalculated on every block initially. As expected, the difficulty went up quite dramatically. Prior to the fork, the difficulty had been very low, and slow to react since it only adjusted every 2016 blocks, which translated into several hours instead of weeks because of the low starting difficulty on the testnet.
We have also tested briefly that post-fork, a transaction created by an MVF-BU client with "forkid" of 0x777000 is not accepted by an MVF-Core client with forkid=0x555000.
A forkid, which we should perhaps rename to "chain id", is a magic number which gets mangled into the tx signature to make it different across forked chains.
forkid=0 corresponds to signatures which are unchanged from current Bitcoin, i.e. would be valid signatures on the unforked chain and thus allow for replay.
I'll try to extract some of the data from our run (e.g. block times, difficulty etc) into graphical form.
We have no public block explorer for our testchain yet, although one participant is looking at some options.
Nevertheless, if someone has experience in setting them up, I'd be happy to hear from you.
For those who would like to join our test network for future tests but have not yet contacted us:
Please join our chat to get the ball rolling!
submitted by ftrader to btcfork [link] [comments]

MoneroV (XMV) | World's Most Private Cryptocurrency

MoneroV (XMV) | World's Most Private Cryptocurrency

MoneroV (XMV) | World's Most Private Cryptocurrency
MoneroV (XMV)
Website :
MoneroV (XMV) is a private, untraceable, finite and secure cryptocurrency fork of the Monero (XMR) blockchain. MoneroV fulfills the long overdue desire for a truly anonymous, decentralized, finite peer-to-peer electronic currency. Individuals and businesses can transact securely, reliably and anonymously with low fees using MoneroV.
MoneroV is truly anonymous and private. Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions. Your identity cannot be linked or traced to a transaction on the MoneroV blockchain.
Roadmap Paper:
Features:Capped: MoneroV adheres to core Austrian school of economics principles by capping the total MoneroV coins that can be created, parting with Monero’s infinite coin supply structure.Secure: Decentralized peer-to-peer blockchain transaction consensus enables MoneroV to be secure and reliable.Private: MoneroV is truly anonymous and private. Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions. Your identity cannot be linked or traced to a transaction on the MoneroV blockchain.
How can I get MoneroV?The only way to obtain XMV is by Trade (buy/sell) at supporting exchange. MoneroV is now listed on Coin Market Cap. You can See the leading exchanges by xmv volume on CMC here.
How MoneroV is different from Monero?MoneroV has a limited supply of coins (27 Million Max) in contrast to Monero’s infinite coin supply. MoneroV will have an active development fund that would be used for rapid development and feature integration versus Monero's voluntary donation based development process. In addition, MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin.
When will the MoneroV wallet be released?The official MoneroV windows wallet is out, in addition to other dependencies such as the MoneroV daemon is released. Macos wallet, Macos and linux miner, Web wallet is in development will be released.
How can I join the MoneroV development team?Anyone can join the MoneroV open source project. We are looking for talented C++ & Node.js developers as well as front-end developers and DevOps engineers.
Additional info is available on our blog:
Supply & Emission:
Specifications Consensus Mechanism: Proof-of-Work Genesis Date: December 16th, 2019 Block Time: 1 minute Max Supply - Capped at 27 Million XMV. Avaliable supply - Current coins supply (total emission) Block Reward: Maximum of 9 XMV per block at the mainnet start and smooth decrease until 27 million max supply will be reached. Proof of Work - Cuckarood29v (based on Cuckoo and CryptoNote) . Difficulty Retarget - Every block. Block Time - Every 1 minutes. Block Size - Dynamic. Privacy - Ring signature / stealth addresses.
Official Pool:
Pool Lists:
Coin Marketcap
Official Website:
Blockchain Explorer:
RandomV Miner:
Github (Repository roll-out):
Paper Wallet:
Twitter (Community):
Team contact:[email protected]
submitted by monerovofficial to u/monerovofficial [link] [comments]

Mining ERC-918 Tokens (0xBitcoin)


0xBitcoin (0xBTC) is the first mineable ERC20 token on Ethereum. It uses mining for distribution, unlike all previous ERC20 tokens which were assigned to the contract deployer upon creation. 0xBTC is the first implementation of the EIP918 mineable token standard (, which opened up the possibility of a whole new class of mineable assets on Ethereum. Without any ICO, airdrop, pre-mine, or founder’s reward, 0xBitcoin is arguably the most decentralized asset in the Ethereum ecosystem, including even Ether (ETH), which had a large ICO.
The goal of 0xBitcoin is to be looked at as a currency and store of value asset on Ethereum. Its 21 million token hard cap and predictable issuance give it scarcity and transparency in terms of monetary policy, both things that Ether lacks. 0xBitcoin has certain advantages over PoW based currencies, such as compatibility with smart contracts and decentralized exchanges. In addition, 0xBTC cannot be 51% attacked (without attacking Ethereum), is immune from the “death spiral”, and will receive the benefits of scaling and other improvements to the Ethereum network.


0xBitcoin can be mined using typical PC hardware, traded on exchanges (either decentralized or centralized) or purchased from specific sites/contracts.

-Mined using PC hardware

-Traded on exchanges such as


0xBitcoin is a Smart Contract on the Ethereum network, and the concept of Token Mining is patterned after Bitcoin's distribution. Rather than solving 'blocks', work is issued by the contract, which also maintains a Difficulty which goes up or down depending on how often a Reward is issued. Miners can put their hardware to work to claim these rewards, in concert with specialized software, working either by themselves or together as a Pool. The total lifetime supply of 0xBitcoin is 21,000,000 tokens and rewards will repeatedly halve over time.
The 0xBitcoin contract was deployed by Infernal_Toast at Ethereum address: 0xb6ed7644c69416d67b522e20bc294a9a9b405b31
0xBitcoin's smart contract, running on the Ethereum network, maintains a changing "Challenge" (that is generated from the previous Ethereum block hash) and an adjusting Difficulty Target. Like traditional mining, the miners use the SoliditySHA3 algorithm to solve for a Nonce value that, when hashed alongside the current Challenge and their Minting Ethereum Address, is less-than-or-equal-to the current Difficulty Target. Once a miner finds a solution that satisfies the requirements, they can submit it into the contract (calling the Mint() function). This is most often done through a mining pool. The Ethereum address that submits a valid solution first is sent the 50 0xBTC Reward.
(In the case of Pools, valid solutions that do not satisfy the full difficulty specified by the 0xBitcoin contract, but that DO satisfy the Pool's specified Minimum Share Difficulty, get a 'share'. When one of the Miners on that Pool finds a "Full" solution, the number of shares each miner's address has submitted is used to calculate how much of the 50 0xBTC reward they will get. After a Reward is issued, the Challenge changes.
A Retarget happens every 1024 rewards. In short, the Contract tries to target an Average Reward Time of about 60 times the Ethereum block time. So (at the time of this writing):
~13.9 seconds \* 60 = 13.9 minutes
If the average Reward Time is longer than that, the difficulty will decrease. If it's shorter, it will increase. How much longer or shorter it was affects the magnitude with which the difficulty will rise/drop, to a maximum of 50%. * Click Here to visit the stats page~ ( to see recent stats and block times, feel free to ask questions about it if you need help understanding it.


Presently, 0xBitcoin and "Alt Tokens" can be mined on GPUs, CPUs, IGPs (on-CPU graphics) and certain FPGAs. The most recommended hardware is nVidia graphics cards for their efficiency, ubiquity and relatively low cost. As general rules, the more cores and the higher core frequency (clock) you can get, the more Tokens you will earn!
Mining on nVidia cards:
Mining on AMD cards:
Mining on IGPs (e.g. AMD Radeon and Intel HD Graphics):
Clocks and Power Levels:


For the most up-to-date version info, download links, thread links and author contact information, please see this thread: Keep up to date for the latest speed, stability and feature enhancements!
COSMiC Miner by LtTofu:
SoliditySha3Miner by Amano7:
AIOMiner All-In-One GPU Miner:
TokenMiner by MVis (Mining-Visualizer):
"Nabiki"/2.10.4 by Azlehria:
~Older Miners: Older and possibly-unsupported miner versions can be found at the above link for historical purposes and specific applications- including the original NodeJS CPU miner by Infernal Toast/Zegordo, the '1000x' NodeJS/C++ hybrid version of 0xBitcoin-Miner and Mikers' enhanced CUDA builds.


If you have any trouble, the friendly and helpful 0xBitcoin community will be happy to help you out. Discord has kind of become 0xBTC's community hub, you can get answers the fastest from devs and helpful community members. Or message one of the community members on reddit listed below.
submitted by GeoffedUP to gpumining [link] [comments]

Ritocoin - a 100% community driven project based on Ravencoin

tl:dr: Ritocoin is a code fork of the Ravencoin codebase and continues to track future Ravencoin developments. The project was launched to provide a more community-oriented blockchain with the same functionality as Ravencoin, without a corporate overseer, and with a more flexible model for community participation and development. It’s intention is to be a hacker’s playground for innovative ideas.


Proof-of-Work Algorithm: X21S
Block Time: 60 seconds
POW Block Reward: Smooth curve down
Community fund: 1% first year
Difficulty Retargeting: DGW-180
Maximum Supply:
6 months: 993,521,892 RITO
1 year: 1,227,448,858 RITO
5 years: 1,762,210,058 RITO
10 years: 1,820,404,381 RITO
50 years: 2,030,907,256 RITO
100 years: 2,293,707,246 RITO
Infinite: 10 RITO per block in perpetuity

Pre-mine: None
Masternodes: Researching for use case
Asset layer: Was enabled at height 50,000



This hashing algorithm was created specifically for Ritocoin, and was designed to resist FPGAs, ASICs, and NiceHash. It is X16S (16 algorithms shuffled and hashed),, followed by 5 additional hashing algorithms: haval256, tiger, lyra2, gost512, and sha256. The inclusion of lyra2 brings numerous advantages, making parallelization of the algorithm practically impossible, with each step relying on the previous step having already been computed. It is a “friendly” algorithm that makes GPUs produce much less heat and uses less electricity during mining.

Take your time to learn more about us in the below story of Ritocoin...

The spirit of Bitcoin continues to inspire, empower and enable people around the globe. Ten years later, just as it seemed Bitcoin was being defined by commercial agents and regulated governance, that same free and independent spirit imbued the Ravencoin community. In ten short months, however, 30% of the Ravencoin project’s net hash comes from NiceHash and the looming impact of the imminent FPGA mining cards and X16R bitstreams certainly promises to shake up the dream of this GPU miner’s darling.

Ravencoin’s fair launch genuinely inspired our developers and supporters. We admire the way Ravencoin came out swinging — fighting for fairness, an honest distribution of coins and a place where GPU miners could thrive. The asset layer attracted many more miners and investors to the pools. Many Ritocoin enthusiasts came from the Ravencoin community, and continue their association with that project.

The whole crypto ecosystem should appreciate the work begun by Ravencoin. Obviously they continue to inspire and motivate us to this day. It’s the reason we took action. We decided to start our own project which focuses upon at least two pillars of decentralized networks in the crypto space: community governance and a fair distribution of coins. It is a core belief throughout Ritocoin that in order to successfully develop and maintain this hacker’s playground — a place where a broad range of ideas could be tried and allowed to flourish — these two ideals must be allowed to drive and guide our community.

This deep focus on community choices creates a project flexible enough to support most ideas, and agile enough to define new frontiers.

A mining network’s distributed ledger is defined by its technology. Like many in the broader crypto-mining community, we value the GPU for its accessibility. These processors are available for purchase all around the world without any legal restrictions. GPUs are vastly more accessible for hobbyists and miners to acquire. They can be shipped nearly anywhere around the globe, a nice benefit to the popular secondary market which has sprung up much to the chagrin of PC gamers.

More constraints exist for the ASIC and FPGA miner. Laws in some parts of the world restrict people from using or buying ASIC and FPGA mining hardware. This alone is directly in confrontation with Ritocoin’s core values of decentralized stewardship and sovereignty.

The GPU, in essence, is like your voice. Anyone with the means of acquiring one GPU should be able to have their voice heard. ASIC and FPGA mining devalues the GPU miner’s voice and silos that coin’s network away from the small scale and personal mining operator. A truly community driven project means each stakeholder, regardless of size of contribution to the network’s net hash, has an opportunity to build, vote and direct.

If you are already familiar with our website, discord or whitepaper, you are probably aware that masternodes had been proposed as a feature of the network from the beginning. This opened the door to ongoing discussions in the Ritocoin community regarding

● A masternode’s true purpose

● What benefit they provide to the project

● How the benefit is realized

● The collateral

This discussion, governed entirely by stakeholders across the extended network yielded a defining moment for our vision of flexibility. We have not yet found the potential utility of masternodes, however, the conversation has not reached an extent to where we could abandon the idea. To quote one of our developers during this discussion on our Discord:

“Just want to give a reminder here that even though masternodes are on the roadmap, it is not set in stone. This coin belongs to the community and we will do what we as a community want to do. If we conclude that we want to take this coin a different direction than masternodes, then that is what we’ll do.” --traysi

We are all volunteers at Ritocoin. Our moderators and community leaders try to give immediate support to all users that require it. Contact us in Discord or Telegram, not only for support, but, proposing new ideas, revising old ones and just so you can find a place to get together and find people to hang out with. You are well within your rights to enjoy yourself at any given moment, and, should you feel so inclined to begin working with the team, we just so happen to be looking for ambitious individuals that see themselves as being part of a greater vision, are inspired by change, and inspired to be the change they want to see making things better in this world.

Join us in a space where your ideas to build something great can become a reality. We are eager to know what you think is best for the future of Rito. What steps would you take to become more resilient, stronger, fair and decentralized? Because at the end of the day, like it or not, love it or leave it.. this is your coin, too.

You can become a significant part of this project. We will help you further develop the role you wish to fill in the cryptocurrency space — influencer, developer, analyst, you name it. This is not a just-for-developer’s playground. We want the enthusiasts. We want the perplexed and the rabbit-hole divers. This is the coin for everyone who is trying to find their place on the path that Satoshi began unfolding in 2008 after the collapse of the housing market rippled out into the subsequent crash of global markets. That’s why we have Bitcoin, remember? Be your own bank. This is why Satoshi and kept their software open source. It’s up to us to keep the torch ablaze.

Community funds

For the first year, about 1% of mined coins are set aside into a developers fund that is used to provide bounties to the community developers who make substantial development contributions to the Ritocoin ecosystem. We have already paid out numerous bounties for important work that has already benefits Ritocoin in substantial ways. We also have another donation-driven community fund that has recently been put together for the purposes of doing fun contests and things like that.

Cooperation and collaborations

We have discovered a number of fatal flaws in the original Ravencoin codebase and worked with the Ravencoin developers to get those fixed in both Ritocoin and Ravencoin. This work has benefitted Ravencoin in numerous ways and we look forward to a long time of collaboration and cooperation between us and them. Many members of the Safecoin team are also in our discord group, and have collaborated with us in shaping the future decisions of Ritocoin. We have several thousand members in our group and they represent all walks of cryptocurrency life. We invite all coin developers, miners and enthusiasts to join our discord and be a part of this coin that truly belongs entirely to the community.

Block reward

A couple weeks ago we met for a scheduled meeting in our discord group and had a lengthy conversation about the block reward. Our block reward started at 5,000 RITO per block (every 60 seconds) just like Ravencoin. This extremely high number of coins coupled with the high profitability of mining led to unforeseen consequences with pools auto-exchanging the coin into bitcoin. This dumping by non-community miners had a very negative impact on the community sentiment and morale, as we watched the exchange price plunge. We looked at other coins and realized that this fate has befell many other coins with high block rewards. Following much discussion, we decided to change the reward structure. Starting around March 19th the block rewards will start to slowly go down in a curve until it reaches 1,000. Then the reduction will be even more slowed down with block rewards exponentially dropping at periodic intervals. We have posted charts on our website that shows what the long-term effects of our reward reducing algorithms will be. As a miner, the next 2 months will be a great time to mine and hold, while the block reward is still fairly high. We encourage all miners and cryptocurrency enthusiasts to take advantage of the current favourable block reward and build a nice holding for yourself. Then join the community and be a part of the fun we’re having with this project.
This post was prepared by a collaboration of multiple Ritocoin members and was posted to reddit by the core developer Trevali, who posts to reddit under the ritocoin username and will be very happy to answer any questions anybody may have about our project. Traysi (well known in the Ravencoin community) is also an active Ritocoin developer and may come to this thread if needed.
We welcome any questions from any of you regarding our project!
submitted by ritocoin to gpumining [link] [comments]


Coin Specification Segwit with Core PoW Algo Wallets
- BitCore BTX- Core 21 Million Coin- 2,5 min- DefaultPort = 8555 - RPC Port 40332- Segwit and Bloom- 20 MB Blocksize (10 MB + 10 MB Segwit)_- Algo Timetravel10- Diff Retarget: Bitcore 64_15 The Segwit opens up new possibilities like the Lightning Network,Tumblebit, Schnorr Signatures,_Confidential Transactions, Cross-chain atomic swaps, and so on.We are alreadyexploring all these new functions, and testing the water.We expect the first implementations as fast as possible. “TimeTravel10”, that actually bases on 40320 different combinations of hashing algorithms and that easily can be extended_to 362880, 3628800 or even more,lets miners travel through time throughthem or through them through time. Source: Github Release Download: Releases Mobile Wallet: Coinomi / Android / iOS Electrum Wallet Electrem Third party wallets Zeltrez / Jaxx Liberty < NEW
Discover our roadmap here
Ocatex BTX/BTC Bitexlive BTX/ USD EUR BTC Bitibu BTX/BTC Trade Satoshi BTX/BTC
PayCml BTX/LYRA Crex24 BTX/BTC Excoincial SOON > BTX/BTC ...
Go to Livingroom of Satoshi Go to Kamoney Go to Cryptonaut Go to EasyRabBit Go to LucckyGames
Go to CryptoID Go to InsightAPI Go to Livenet
Go to CryptoCompare Go to WorldCoinIndex Go to CoinMarketCap
Bitcorepool Omegapool Suprnova Chainworks
Antminepool Coin-miners BSOD Umine
Poolgpu Yiimp BTXpool Minersport
Cointelegraph Bitcore a lightning fast solution to the scaling debate Read
CCN Bitcore winning scaling race earth shattering speed Read
BTC Echo Muss es immer ein Hardfork sein? Nein! – Bitcore (BTX) legt seit April vor Read
Steemit Bitcore BTX Guide: the 2nd snapshot for BTC HODLers - free BTX | how it works Read
Steemit Making blockchain history: Bitcore (BTX) is currently writing blocks with over 3000 kB of data! Read Why is the Cryptocurrency Community Ignoring Bitcore? Read
Bitcore Bitcoin Core Developer Jimmy Song about Bitcore “the most clever fork” Read
Cryptonaut Bitcore is one of the first known cryptocurrencies to use the hybrid fork method to distribute BTX Read
Soft2share Cryptocurrency was what made an entry into the financial sector to address the concerns raised by the centralized infrastructure. Read
Bitcore BTX - Twitter Official Bitcore BTX - Telegram Official Telegram German Telegram Spanish Telegram Italian Telegram Italian Telegram Russian Telegram Ukraine Telegram Bahasa Telegram Philipine Telegram Romania
Bitcore on Youtube Bitcore on Discord Facebook Fanpage / Group

QQ Groupno. 680492670 Go to Chat on Crypto Go to Line @Bitcore.btx / @Bitcore_official
How to sign a message? How to type your sign message from wallet in the registration form? Read BTX Mining Manual A manual for those who struggles setting up mining BTX. Read
Bitcore Snapshot The premine address is 13hwgY4YUvrgnhjLP5ugFafL1cmbRRtr5ePRE ANN was 23.04.2017Download (140 MB)Mediafiles and CI Download files here Press kit Basic | Press kit Full
Chris Jon Steve David
System, Service Administrator & All-Round Talent Core Developer Brand Ambassador & Social Media Publications & Graphic Design
Chris is Bitcore’s main developer. He has worked on several other coins like BitSend, Bitcloud and more.Founder from Limxtec Jon is the API, Electrum and infrastructure developer for Bitcore. He supervises the contact to exchanges, listing sites and more. David is the artistic mind behind Bitcore. He is also working on media publications and supports the core team’s workflow.
Ivo Thomas Greg (GM) DgCarlosLeon
Web Development & Project Consultant Exchange Manager Mining Expert Support and Graphic Design
Ivo is working on the website as well as helping Bitcore grow both legally and technically. Thomas is our email and exchange manager responsible for most of our official communication with services and exchange platforms. Mining pool admin and mining support via telegram channel. Carlos is Bitcore Reddit communicator and graphic supporter.
Fahim Altinordu Brad Eric Hampus
Supporter Supporter Telegram and Facebook Support Supporter
Turkish and international exchange management. Brad is Bitcore’s Facebook manager. Hampuz is organizing signature campaigns and manages our threads on a lot of altcoin forums.
Klaas Ibrahim Acir Ugur Jose Martin
Supporter Developer Team (Turkey) Supporter Spanish Community Manager
Telegram and altcoin forum support. Ugur is managing Bitcore’s Turkish community and helps with telegram support work.
DISCLAIMER | The Bitcore BTX (ANN REDDIT) cannot take responsibility for third party providers, such as the listed exchanges, wallets, sites and pools. All links hosted on our domain are by community members and third parties and by clicking on any of the listed links you are accepting the risks of using the third party domain and taking responsibility for any losses, damage or other issues using said domain. Crypto-currencies are inherently risky and investors and users must remain vigilant.
Web: Official | News | Coin Specs | Roadmap | White Paper | Ecosystem | Network Update | Community | FAQ | Blog | Team Wallets: Windows | Win Wallet & Blockchain | Linux | Mac | iOS | Android | Eletrum | Zeltrez | Jaxx Liberty Exchanges: Bit Z | Cryptopia | hitBTC | VE Bitcoin | Exrates | Crypto Bridge | QBTC | Coinexchange | Octaex | Bitexlive | Bitibu | Trade Satoshi | PayCML Services: Livingroom of Satoshi | Kamoney | Cryptonaut | | Block Explorers: InsightAPI | Crypto ID | Liivenet Mining Pools: Bitcorepool | Yiimp | Suprnova | Chainworks | Umine | Ant Mine Pool | Coin Miners | BSOD | BTXpool | Minersport | Omegapool | PoolGPU Market Info: CoinMarketCap | World Coin Index | Cryptocompare Source: Github | Kryptowerk | DgCarlosLeon _____________________________________________________________________________
ANN Designed by DgCarlosLeon | Bitcore BTX - 2018
submitted by dgcarlosleon to bitcore_btx [link] [comments]

A Reasonable Look at Litecoin Cash FUD

If there's one thing we can all agree on it's that the many echo chambers of the cryptosphere do nothing to help curb the parroting of unnecessary fear, uncertainty, and doubt spread by those who even might think they're doing some kind of service by it. Litecoin Cash is no exception to this rule, in fact they might even be more in the hot seat due to their controversial name and the timing of the fork. Let's take a look at some of the recent issues people keep bringing up and try to address them reasonably.
(Preface: I'm just someone who likes truth and due diligence, I have no affiliation with Litecoin Cash)
1) "Litecoin Cash is a scam!"
2) "There's only 1 exchange and it's locked! It's a scam!"
3) "The dev team is never around and never responds!"
  • Highly untrue, perhaps you are looking in the wrong places for information? There is a very lively and active Discord channel which you can find listed on the official website. Join it, and ask your questions there. The dev team is regularly in the chat rooms but more importantly THEY HAVE DEVELOPMENT WORK TO DO so most of their time will not be wasted answering your questions that are likely already in a FAQ or posted somewhere to be easily found with a smidgen of due diligence.
4) "There's a Reddit post showing a Binwalk where there's discrepancies between the released binaries and the Github repo."
  • Litecoincash (dev team member btw) has refuted this already on both Discord and Reddit trying to attempt to recreate the issue unsuccessfully and has invited the entire community to try to reproduce the apparent fault. So far, no one can, so before you go believing ONE SINGLE POST's bad news, maybe double check on things for yourself and don't spread unverified information.
5) "Why is Roger the Uniorn anonymous?"
  • He actually answered that in the Discord. His job is in financial sector and frankly his involvement in crypto could compromise his career. The man has a family to feed and bills to pay too. Chill out. Who is Satoshi Nakamoto? Answer that, scientist.
  • Please send me a link to Litecoin's white paper :)
7) "They took the name of Litecoin to confuse people!"
  • I'm a total Litecoin fan, I admit, but what ever happened to healthy competition in a marketplace? I do agree a unique name is a better alternative but I also think the trolling of Bitcoin Cash with this name is rather hilarious and poignant to these times. Yes Bitcoin Cash is trying to subvert Bitcoin, but the Litecoin Cash team has been nothing but supportive of Litecoin since their launch and don't seem to be doing anything malicious against Litecoin's marketing or adoption. I'm sorry but if you cannot distinguish between the two and buy the wrong coin maybe you were moving a little too quickly and need to rethink your investment strategies.
UPDATE #1 - QUESTION ADDED - 02/23/2018 @ 12:55 PM EST
8) ecurrencyhodler brought up a very good point regarding network safety via mining malpractice in the comments:
Please don't omit the biggest weaknesses of this project. If LCC is profitable at all, it will get rekt by powerful sha-256 miners. Blocktimes will be ruined and tx's won't get processed.
I will be the first to admit I'm not personally qualified to answer mining related questions as I've not delved that deep into that end yet, but I did raise this question to Tanner, one of the dev team for LCC who is often available in the Discord server. He replied with:
The issue is, people aren't used to seeing effective difficulty adjustment on sha256 coins, so they tend to assume that like BTC, the network can't react very quickly to changes in hashpower (BTC only adjusts the mining difficulty every 2016 blocks). That's much more of a problem on sha256 coins without effective difficulty retargeting. LCC uses DarkGravity, the difficulty adjustment algorithm from Dash, which recalculates difficulty every block to respond to changes in hashpower.
I will certainly be looking more in depth into the DarkGravity algorithm myself as I further my education on mining but hopefully this answer can at least satisfy those who were worried about overpowered miners harming the integrity of the network. Dash seems pretty successful so far, so there's got to be some merit to it, right?
UPDATE #2 - QUESTION ADDED - 03/06/2018 @ 4:03 PM EST
9) "Yobit and the devs worked together in secret so they could all cash out the premined coins and win big!"
  • While it's a decent theory on paper it is provably untrue as 90% of the pre-mined coins are still sitting at their original wallet linked below. The 10% spent has been to go toward listing fees for future exchanges. (Hint: devs are smart people who wouldn't dare keep their valuable LTC coins on a shady exchange like Yobit haha)
  • View the dev's premine wallet on the block explorer
  • You'll notice it starts out with 5,500,000 LCC coins. There's been a few transactions since the original premine deposit leaving ~4,745,463 LCC coins in the wallet. The numerous in/out transactions are simply payments and change deposits (i.e. You own 10 LCC, you pay 1 LCC but you actually send 10 LCC and receive 9 LCC back automatically). So only ~754,536 pre-mined LCC coins have been spent/sold/traded/etc. Just saying if any one of us were going to dump our pre-mined coins we had and cash out on everyone, we'd certainly go for more than 10% haha!
Aside from these there are complaints of wallet issues and other such things but frankly that's on the user as many have shown already the wallet works quite successfully. I, myself, had issues getting everything to sync and scan properly but I simply asked for help in the Discord and Tanner, the lead dev, was kind enough to help me and lo and behold his advice was correct and I now have my coins safe and sound.
So there is some logic and calm arguments to refute a lot of this FUD being spread. I know a lot of people will still have issues with this post and that's fine, everyone is entitled to their own opinions but I've personally been involved in a number of coin forks and launches now and frankly this is one of the better ones with on time deliveries and plenty of communication.
Stay safe out there, always double check your sources of information (including me please) and just think twice before you act once. Much love crypto fam!
Oh and if you just want a place to dump your "useless garbage coin" I'll happily take them off your hands for you! Just send them here: CeNAjxEAja8hrdF1pzP4u3RHfStqhWYEyq (LCC)
submitted by auscoine to LCCofficial [link] [comments]

Beginning to think operation dragon slayer might not just be a meme...

So this is the origin of operation dragonslayer. At first glance, it seems like Rob is just trolling. After all, why else would he place a big ass whiteboard behind him during a livestream that says something as ridiculous sounding as "operation dragonslayer". And as if to give it some legitimacy, he writes "cancel segwit 2x" above it, but this was four days after segwit 2x had already been cancelled. And of course 11/24 passed by uneventfully, so operation dragonslayer was nothing after all, right?
But those same guys released another video today, and someone noticed that there was this view of slack at one point in the video. The slack messages say "yeah he's good with it and we're on schedule" and "I need you to send over that 31 BTC" and "Alright, the dump is almost ready." I looked up the address that that 31 BTC was allegedly sent to, and you can see that it contains $120 million worth of bitcoin 31 BTC tx, which means that these guys aren't just messing around—they really have the ability to manipulate the market if they wanted to. It's also worthy to note that the guy who showed slack in the video seemed to do it by accident, as he alt-tabbed into slack, and alt-tabbed right out. Right after this, he laughed a bit nervously at the joke that was just said. Now of course it's possible that they were communicating off screen and planned the whole slack thing, but those slack messages were sent around 1:30 PM and the video occurred an hour before midnight.
To add to the conspiracy, there's this 4chan post, which has this comment:
This is a message from an insider. I am a member of Chinese whale community. I cannot provide any proofs nor open my identity but I cannot allow myself to stand and watch for the greatest theft from poor and reputation destruction of blockchain based cryptocurrency to happen.
I have been informed of major Bitcoin manipulation taking place in order to compromise Bitcoin security and reliability. A group of coordinated Chinese investors have a plan to pump Bitcoin to 10000 USD after which they plan on coordinated crash of Bitcoin to sub 1000 levels because they have already taken their fiat money out and replaced them with margin tether traiding. It will not cost them a dollar. They will push Bitcoin below the demand levels.
The situation with Bitfinex and Tethers is legitimate but it is a distraction. Inflated amount of Tethers are not a source of money used for Pump. Bitcoin Cash is the source. For some reason community accepted 20 Billion dollar appearance out of thin air which is the market capitalization of Bitcoin Cash as the natural process. It is not natural. These artificial money are currently used to cash out Chinese investors and pump original Bitcoin to 10000 USD without taking any losses.
Shortly after Bitcoin crash below 1000 USD they plan to introduce Bitcoin Cash as a true Bitcoin and necessary replacament which is not inflated and then reject Tether pairings. This is why Bitcoin Cash price is stabilized at 1000 USD as was price of original Bitcoin in January 2017.
This is the operation Dragonslayer in it's final stage. They have created billion of dollars with Bitcoin hardforks and use Tether as a tool to artificially bump Bitcoin price cash out their money and coordinate total collapse.
Now this seems like it could have easily been made up, but BTC was $8k at the time of that post, and it has climbed to nearly $10k since then in just one week's time. The tether situation is also accurate. Furthermore, if you go back and look at that slack stuff from the youtube video, you can see that those guys are part of several Chinese slack channels. Coincidence?
But what I think truly gives this conspiracy a backbone is this pastebin from last July. It predicted that segwit 2x would be cancelled and it has predicted BCH's current success. Whoever wrote this pastebin claimed to be an insider, and he/she also said that at some point that there's all of these whales and miners who are going to mass dump BTC while mass buying BCH, which is consistent with the notion of operation dragonslayer and consistent with the 4chan translation.
And to add on to all of that, there's good reason to believe that BCH's price has been manipulated for a while, either to keep BCH from rising too quickly or too keep it from dying. Take at look at this BCH wallet. It contains $500 million worth of BCH. Coins have been added every day, and a single coin has never left the wallet. The fact that it has only ins and no outs suggests the wallet does not belong to an exchange, but to a group of whales. So why is this group of whales investing so much into BCH? Maybe they know what's going to happen? Something that we don't necessarily know?
Of course one objection is that operation dragonslayer was supposed to happen on the 24th, but nothing happened. One theory could be that too many people knew about operation dragonslayer and that because bitcoin's difficulty adjusted upwards, it wasn't the right time. However, in 10 days, BTC's difficulty is expected to increase by 6.46% and that number will probably keep going up. This will also line up with BTC hitting the key mark of $10,000. It was also be more unexpected than if it had occurred on 11/24.
Maybe this is just all wishful thinking, but these are my thoughts nonetheless. My current strategy is to hold BCH, because I don't think there's a lot of risk holding it, that is, it won't tank or anything, but if something big does happen like the flippening, I'll want to be holding BCH.
If someone could figure out what those 64 character hashes were from slack in the youtube livestream, that would be great. I tried looking up several of them on block explorers for both bitcoin and bitcoin cash, but nothing showed up.
submitted by Fossana to btc [link] [comments]

GoByte - MasterNode Coin

GoByte - MasterNode Coin
GoByte (GBX) is a cryptocurrency based on Dash aimed at vendors to provide monetary services . GoByte features the masternode technology, which provides to the network near-instant and secure payments as well as anonymous transactions. The near-instant payments known as InstantSend technology, average at 1.3 seconds per transaction. The anonymous transactions known as PrivateSend technology, mix your funds trough the masternodes network, making near-impossible to trace back the origin of the funds.
GoByte Network is a modular network based on the blockchain technology. The GoByte's modules are developed independently yet, they all have the same blockchain as a core, and work all together to create a fast and secure network. Thanks to the modular structure of the GoByte's Network, modules can be updated independently without causing errors or issues with other modules. Our developers are working tirelessly on bringing new and innovative modules to be merged later with the other modules of the network. Every module is developed by its own team lead by a Senior Developer, this way we offer to our developers a clean canvas to be filled by their own imagination. The first and biggest module of the GoByte Network is the "Pay" module, which acts as a payment gateway, central bank and cold wallet at the same time. The "Pay" module is the network's center support, working directly on the blockchain, being able to create and execute transactions which will later be confirmed by the masternodes and miners.
Our project is not aiming to build the blockchain around the existing economy. We are aiming to create a new economy around the blockchain. The first step into building the GoByte Network economy is by providing liquidity and ways to acquire GBX coins. Therefore, a part of our current development team which has past experience into building, developing and maintaining bank ATMs that are currently being actively used around the word, have decided to build and develop our own ATMs and POS Terminals along with Card Reads and more. All of those devices will be directly linked to the GoByte Pay module which will attribute to the customers an identity and act as a central bank of the entire economic system. Allowing you to deposit, withdraw, perform payments, loan GBX coins, link or request GoByte Pay Debit/Credit cards to use with our ATMs, POS Terminals or CardReaders.
In order to create a self-sustaining economical system, GoByte had implemented the Governance feature, currently found in Dash and more other cryptocurrencies. The governance feature allows to the masternode holders to vote, fund or reject proposals submitted by the community, from event sponsorships to acts of charity or developer bounties. By funding projects, the community can sustain the media/events appearance and even the development, without the reliance of a central development team.
Specifications ◆ Algorithm NeoScrypt ◆ Block time 150 seconds ◆ Block Reward 15 GBX decreasing by ~15% every year ◆ Estimate Supply 31.8 Milllion ◆ Required 1000 GBX for Masternode ◆ Masternode 50-80% Block Reward ◆ Superior Difficulty Retargeting Using Dark Gravity Wave ◆ Superior Transaction Anonymity Using PrivateSend ◆ Difficulty retargets using Dark Gravity Wave ◆ 2.7% Premine*
Masternodes help keep integrity of network and enable support for Darksend and instant send. You need 1000 GBX to setup a masternode and start to earn rewards.
RoadMap Roadmap
GoByte Blockchain Start ◆ Launch Website (Done) ◆ Window, Mac and Linux Wallet Release (Done)
Get listed on Exchanges ◆ CoinsMarket — Completed ◆ Stock.Exchange — Completed ◆ CoinsExchange — Completed ◆ Cryptopia — Completed ◆ CryptoBridge — Completed ◆ HitBTC — Completed ◆ TradeSatoshi — Planned ◆ Upbit — Planned ◆ Kucoin — Planned
===[Q4 2017]=== ◆ Genesis Block and initial launch — Completed ○ Announcement on since block 2 — 17 Nov 2017 ◆ Website Release — Completed ◆ Windows, Mac OS, Linux Wallets Release — Completed ◆ Listing on first 4 small/medium sized exchanges — Completed ○ — 18 Nov 2017 ○ Stocks.Exchange — 19 Nov 2017 ○ — 22 Nov 2017 ○ — 04 Dec 2017 ◆ Listing on useful Crypto websites — Completed ○ — 20 Nov 2017 ○ Masternodes.Online — 21 Nov 2017 ○ — 22 Nov 2017 ○ — 26 Nov 2017 ○ — 04 Dec 2017 ○ — 04 Dec 2017 ○ Masternode.Pro — 05 Dec 2017 ○ — 02 Jan 2018
===[Q2 2018]=== ◆ Listing on decentralized exchanges [2/2] — Completed ○ BarterDEX — 05 Jan 2018 ○ — 29 Jan 2018 ◆ Web Wallet — Completed. (integrated into "Pay" module) ◆ Android App — Under Dev. ○ Coinomi Multiwallet — 05 Jan 2018 ◆ IOS App — Under Dev. ◆ WhitePaper & Translation — Completed ◆ Dev. of "Pay" module — Under Dev. ◆ "Pay" module mobile apps — Under Dev. ◆ Listing on another 3 medium/big sized exchanges — Completed ○ HitBTC — 16 Apr 2018 ○ CoinSwitch — 04 May 2018 ○ IndaCoin Exchange — 17 May 2018
===[Q4 2018]=== ◆ Electronics Shop — Planned ◆ Starting the development of the "Market" module — Planned ◆ Atomic Swaps/Exchange — Reconsidering ◆ Marketing and Awareness campaign — Under Revision ◆ Hiring PR team — Under Revision ◆ Attract Merchants — Constant
===[Q1 2019]=== ◆ Start dev. of POS Terminals — Planned ◆ Testing GBX payments on vending machines — Planned ◆ Starting development of the "Overwatch" module — Planned ◆ Starting development of the "Mint" module — Planned ◆ Start building cloud mining farm. Share profits among MasterNode owners — Planned ◆ Hardware wallets for GoByte tokens — Planned ◆ Attract Merchants — Constant
===[Q3 2019]=== ◆ Smart Contracts — Reconsidering ◆ Starting development of the "Social" platform — Planned ◆ Founding or Partnering with an academy for "GoByte Academy" — Planned ◆ Founding the "Blockchain Innovation of the Year" event with prizes — Planned ◆ Attract Merchants — Constant
===[Future]=== ◆ AI that maps data and cryptographs it into a blockchain ?? — Future ◆ Quantum Ressistance ?? — Future ◆ New Algo ?? — Future ◆ Moving to DAG ?? — Future
submitted by D0WN3D to MasterNodes [link] [comments]

Link Collection - All Recent Core Team Communications (incl. Roadmap)

Last updated: Mar 29th, 2018

2 important things first:

General Note

Table of contents

  1. Communications
  2. Guides & Instructional links
  3. Key people to follow on Twitter
  4. Dash Core is hiring
  5. Quarterly Summaries
  6. Notable Core Team Proposals
  7. Dash Whitepapers
  8. Dash Technology Peer-reviewed
  9. Addendum: Misconceptions on Dash cleared up


  1. The birth of Dash's Governance: Self-sustainable Decentralized Governance by Blockchain
  2. 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance
  3. The philosophy behind the DASH reward split by (now) Dash Core CEO Ryan Taylor
  4. Dash's Ryan Taylor at TNABC Bitcoin Miami 2017 (Best presentation on Dash so far!)
  5. What is DASH & Where Is It Going? 2017 DASH Open House
  6. Hong Kong | Research and Planning - by Evan Duffield
  7. Dash Roadmap to Evolution
  8. How To Enable On-Chain Scaling by Evan Duffield
  9. DFN - Interview with Evan on Dash's Roadmap
  10. Open Letter From Evan and Ryan Regarding Dash Marketing
  11. Wachsman PR - Q2 project closure report
  12. Interview With The Crypto Show! - Evan Duffield
  13. Dash Improvement Proposal No. 1 - DIP001
  14. Important information regarding wallet backups
  15. Dash Labs Network Update
  16. Copay Wallet going into closed Alpha Testing
  17. 1st Annual Dash Conference: London Keynote Professional HQ Recording
  18. DASH – DIGITAL CASH by Robert Wiecko at SWITCH! 2017
  19. Crucial information to all proposal owners: Do NOT use multisig addresses as payout destinations!
  20. Interview With Ryan Taylor, The CEO Of Dash Core Team
  21. Ryan Taylor at the World Blockchain Forum
  22. Ryan Taylor interview with Crypto Trader (MSNBC Africa)
  23. Dash Core Community Update
  24. Dash Core 12.2 Release
  25. Dash CEO Ryan Taylor: „Dash is in many ways a better Bitcoin“
  26. Update from Dash Core on Business Development
  27. How DASH is resistant to retargeting issues
  28. Dash presentation at the Euro Finance Tech in Frankfurt by essra
  29. Link collection of Dash's 2017 achievements
  30. What Is a DAO and Why Is It Revolutionary?
  31. Dash: The First DAO
  32. Welcome Bradley Zastrow - Director of Global Business Development
  33. Interview with Ryan Taylor, IR4 Podcast #12 (January 2018)
  34. Chuck Williams at Anarchapulco 2018 on Dash
  35. Dash Force Podcast E42 with Chuck Williams on Dash Evolution
  36. Evolution Demo #1 - The First Dash DAP
  37. Dash Force Podcast E43 - Feat. Fernando Gutierrez (Dash Core CMO)
  38. Our New Approach to Communications with the Community
  39. Dash Community Q&A - March 29th, 2018

Guides & Instructional links

  1. Dash Developer Documentation
  2. Upgrade Instructions for Masternodes (12.2)
  3. Upgrade Instructions for End Users (12.2)
  4. Upgrade Instructions for Masternodes (12.1)
  5. Upgrade Instructions for End Users (12.1)
  6. Paper Wallet Setup Guide
  7. Trezor Guide for Masternode Operators
  8. 8 Steps to a Successful Proposal
  9. Masternode Boot Camp by solarguy2003
  10. DASH 101 Video Series

Key people to follow on Twitter

  1. Ryan Taylor, CEO of Dash Core Inc.
  2. Fernando Gutierrez, CMO of Dash Core Inc.
  3. Bradley Zastrow, Chief of Business Development at Dash Core Inc.
  4. Andy Freer, CTO of Dash Core Inc.
  5. Chuck Williams, Head of UX Development at Dash Core Inc.
  6. Robert Wiecko, PM of Dash Core Inc.
  7. Joel Valenzuela, Dash Force
  8. Mark Mason, Dash Force
  9. Amanda B. Johnson
  10. Scott Farnsworth, The Dash Racer

Dash Core is hiring!

  1. Internship at Dash Labs
  2. DashLabs - Trezor Engineer
  3. GPU Accelerator Project
  4. DevOps Engineer @ Dash
  5. Infrastructure Manager @ Dash
  6. Sr. Backend Developer Role @ Dash

2017 Quarterly Summaries from Dash Core

  1. Dash Core Team Q1 2017 Summary Call
  2. Dash Core Team Q2 2017 Summary Call
  3. Dash Core Team Q3 2017 Summary Call
  4. Dash Core Team Q4 2017 Summary Call

2016 Quarterly Summaries from Dash Core

  1. Q1 2016
  2. Q2 2016
  3. Q3 2016
  4. Q4 2016

Notable Core Team proposals:

  1. Dash sponsored Blockchain Research in Arizona State University
  2. Conferences - The Trading Show
  3. Money 20/20 in London
  4. Conferences - BTC & Blockchain International Summit
  5. Dash Conference 2017 (London)
  6. Blockchain & Bitcoin Conference (Stockholm)

Dash Whitepapers

  1. Original Dash Whitepaper
Note: Previously the Evolution Whitepapers were linked in this section. These papers were written back in 2015 and are outdated, because Dash Evolution has seen a massive re-design and has been developed much further than those papers could have predicted. A new version will be posted here and elsewhere as soon as it is available.

Dash Technology Peer-reviewed

  1. Dash PrivateSend Peer Review by Kristov Atlas and Core Team's Response
  2. Dash Governance Peer Review by IOHK and Dash Core Team's Response

Addendum: Misconceptions on Dash cleared up

  1. What has Dash to offer other than features any other coin could just copy?
  2. InstantXploit? Cool Name, No Threat
  3. "Lazy Masternode" attack theory thoroughly debunked (see my comment)
  4. Hardware vs Software scaling - Why SegWit is not the savior of cryptocurrency
  5. How solid is PrivateSend, really? and Broken privacy promises vs Dash
  6. Dash has better wealth distribution than almost all top cryptos
  7. How is Dash NOT a ponzi scheme?
  8. PSA: DASH is not a CryptoNote clone - DashCOIN is
  9. Discussion/clarification on Dash's opensource approach
  10. Evil Masternode tyrants ruling over us?! and Masternodes in Dash = The rich get richer?
  11. Has Dash's development steadily declined over the past few months?
  12. The major advantage of optional privacy
  13. Ridiculous comments on Dash - by Kurt Robinson
  14. The Dash Masternode Network: A Response to Critics - by Eric Sammons
  15. Analysis of the first day in mining Dash by Ryan Taylor, (then) Director of Finance at Dash Core:
  16. How to Prevent the Hostile Takeover of a Blockchain: Eric Sammons on Dash Governance
  17. Official clarification on the "Instamine" issue (Fastmine actually)
  18. Evan Duffield has no more than 256,000 Dash and will give away 80% of that to fund DAOs within DASH. Follow-up: Part of the funds has already been used to found the Dash Labs research arm in Hong Kong. The lab is fully maintained through Duffield's private funding. No Treasury proposal for it exists.
  19. 10 Stupid Things People Say About Dash And How To Respond
  20. Sporks: One of the foundations of Dash's success
  21. There is no so called "Master Private Key" in Dash and there never has been. Sporks (explained above) have no relation to user funds, as the source code easily proves.
  22. Trolls vs. Users: The Limited Importance of Online Communities
  23. Dash PrivateSend and usage of denomination inputs
  24. Valuable link list from Dash Force member Mastermined
  25. "But Dash PrivateSend has a much smaller ambiguity set! Its privacy is broken!!!"
  26. Succinct refutation on Masternodes "artifically" blowing up the price & Evan Duffield being the only miner at launch
  27. Bitcoin Cash vs Dash
  28. "Dash rebranded from Darkcoin to distance itself from its dark history!!" -> Not at all. Nothing about its history is "dark" and more importantly this thread called "The Birth of Darkcoin" is stickied by Evan Duffield himself on the official main forum.
  29. "Evan Duffield lied about the launch time so he would get an unfair advantage at mining!" -> Quotes from the original launch thread on Bitcointalk: "Awesome! We'll be launching soon. Things are looking good." and "Launch is being moved to 11PM EST!". As the genesis block proves launch took place at 03:54:41 AM (UTC) on Jan. 19th, 2014 or 10:54:41 PM (EST), Jan. 18th, 2014. So if anything it was 5 minutes early.
  30. "But Litecoin is superior to Dash!!" - Really? Let's compare - Here's another sober look at the facts on this issue.
  31. Why Dash is not prone to cluster analysis attacks
  32. How "centralized" is Dash, really? & Which project is actually centralized here?
  33. From the day Dash started trading until late April 2014 anyone had the chance to buy Dash for less than 1 USD
  34. Dash Core developer MooCowMoo on alleged Masternode centralization and PrivateSend
  35. Why Masternodes have no incentive to vote in a proposal to pay themselves a large sum of Dash
  36. What is Dash's competitive edge?
  37. Why saying "Dash is a company" is false: Dash Core Inc., a company based in Scottsdale, Arizona is not the decentralized network called Dash. The network, consistent of over 4.5k globally distributed, decentralized Masternodes decided to hire and fund the company Dash Core Inc. to develop said network. This is the distinguishing property of Dash being a DAO, so it's understandable people have difficulty grasping the concept. Similarly Dash does not have a CEO, while Dash Core Inc. -obviously- has.
  38. Dash does not and never had a "dev tax": Dash has a Treasury and its distribution is being voted on each month. Only those funds that have been approved by the Masternode network go to proposal owners. The Treasury is capped at 10% of the accumulated block reward of one month. There is no central authority non-requested or non-approved funds go to and there never has been. Those funds are simply not created. So you can have months in which only 8% of the budget is being paid out, with the remaining 2% going to nobody due to not being mined.
  39. "B-but Evan Duffield can roll back the last 24 hours of the blockchain with the flick of a button!" Complete bullshit. The key in question refers to requiring a Masternode to re-validate its pre-existing blockchain in order to ensure it's on the right chain. Masternodes have nothing do with putting or removing transactions into or from the blockchain, only the miners can do that, thus claiming someone can "roll back the blockchain" in Dash is a malicious lie and a desperate attempt to make Dash look centralized when it's not. In short: No such button exists, ever existed or will ever exist.
  40. Why the total coin supply was changed or "The 84 million coin"-Question

General notes:

The Dash community is well aware that during most of its history this project has been under attack by competitors, many of which are trying to portray Dash (among many other things) as a failure. This is oxymoronic, because nobody hates on failures, especially not for 4 successful years in a row.
If you want a quick history lesson, here's a comment I made on where the Dash hate originated from back in 2014
Another, longer history lesson
Remain skeptical towards sensational accusations without evidence. Our community is helpful, knowledgeable and more than happy to answer any questions, as we have done many times on this subreddit. Still, we're all only human, have limited resources and we're just one project among many (always among the top, though!). Stakeholders and investors of other projects will always have an agenda to smear what they perceive as competition (I have yet to see our community actively go after other projects, though).
Just remember the Bullshit Asymmetry: "The amount of energy required to refute bullshit is at least an order of magnitude larger than to produce it." So it would be very unjust to expect a refutation on the spot all of the time. Prefer taking the initiative by asking the community directly about the claim you're confronted with. This community has proven many times to possess the integrity required to admit to technological shortcomings, but at the same time we'll never hesitate to call out illegitimate claims and accusations, of which there are many, for what they are.
The most common and most empty attack is "Dash is a scam".
More importantly you have to ask the critic just this one question: Who was scammed? The answer usually consists of complete silence or attempts to change the topic. This may sound all very defensive to someone who has never experienced the kind of FUD Dash has faced over the years, but the falsehoods we've refuted above are still being perpetuated by a very lonely but also very loud minority.

Not an ICO project

Regarding Dash's finances: Despite what many people assume influenced by the ICO insanity of the recent past, Dash did not have an ICO and Dash does not depend on 3rd party funding/investors. It is self funded from the blockchain and thus an entirely independent organization that does exactly what it wants, not what any angel investors want us to do. Dash is the first currency in history to achieve that.

Quick incomplete rundown of Dash's features

In fact Dash pioneered almost every single one of its features making it one of the most prolific innovators in the cryptocurrency space. Before Dash invented them, none of these features existed:
To re-iterate a previous point:
Dash has been copied by several dozen other projects either completely or through selected features indicating a strong approval of its technology within the wider cryptocurrency industry. The most copied feature by far is the Masternode system and the financial self-reliance it provides.
submitted by Basilpop to dashpay [link] [comments]

Draft of CGB Website's new text - Your Input Requested!


Greetings everyone. I am posting a draft of some of the sections of the new website. They are a work in progress and any input on this content or anything else you would like to see on the new site is appreciated! The website will be focusing on educating investors of all ability so that they can understand the crypto-currency markets and make wise decisions within them. Without this understanding, our markets will not be able to efficiently, and with confidence, allocate capital to the true pillars of this new economy.
Note: Most of my updates can be seen directly here. I expect to have this completed by the weekend so that we can hopefully have the new site up and running. Even once up, there will be lots of work to do to really perfect it.

Site Navigation:

Quick Nav: FAQ | Block Explorer | Paper Wallet | Get CGB
Main Nav: Home | About | Getting Started | Investor Brief | Blog | Resources | Contact
The main navigation categories may have a submenu. Any sub items of this submenu are page sections.
  • About CGB
  • Team
  • Learn More
    • Papers and Articles
    • CGB's Life Cycle
    • Market Fundamentals
  • Frequently Asked Questions
Getting Started
  • Quick Overview
  • Get CGB
  • Storage and Use
  • Investor Brief
  • CGB Resources
  • Community
    • CGB Communities
    • Support CGB
    • Development
    • Community Content
    • CGB Accepted Here
  • Charts and Data
    • Embedded Live Data
    • External Live data (links)
    • Static Charts
    • Analysis
  • Marketing
    • Marketing Strategy
    • Viral Concepts
    • Material
    • Press


  • (logo)
  • Released in late June 2013, Cryptogenic Bullion was designed primarily with wealth preservation in mind. With its accelerated mining period, and fast declining inflation, Cryptogenic Bullion is now entering it’s final stage as an interest bearing, low inflation, cryptographic digital asset.
  • Wallet download selection
  • Quick Information section
  • What is Cryptogenic Bullion? - Cryptogenic Bullion is a peer-to-peer internet currency that enables instant payments to anyone in the world. Its fundamental specifications enable it to efficiently function as a store of wealth.
  • Energy and Cost Efficient - Our network requires far less energy than generating hardware-intensive proof-of-work hashes. Proof-of-stake also does away with the ~$1 billion “tax” on the Bitcoin network through proof-of-work blocks.
  • Higher Security - Maintaining the network through the hybrid proof-of-work/proof-of-stake algorithm reduces the risk of the Selfish-Miner Flaw, 51% attacks, Kimoto Gravity Attack and the block bloating that have been used to exploit other currencies.
  • Coin Specifications - Cryptogenic Bullion is based on a hybrid Proof of Stake / Proof of Work scrypt algorithm. It has a block interval of 60 seconds and retargets difficulty every 2 blocks. A reward of 1.5% interest is earned by those who maintain a savings of CGB, while 0.5% interest is earned by miners who also help to secure the network.
  • A Digital Asset - Cryptogenic Bullion is a digital asset with all of the properties of money. Like gold, it is portable, divisible, fungible, scarce, low inflation, durable, non-consumable, and a store of wealth. It can be stored in a private safe and yet transferred across the globe in minutes.
  • Get Involved - Our community is focused on empowering its members with the knowledge and resources required to quickly spread the benefits of Cryptogenic Bullion to new participants.
  • Updates and News Latest blog information, twitter feed, etc.
  • Investor Brief
    $___ USD/CGB Price $500,000 Market Cap B_____CGB/BTC Price 950,000 CGB Total Supply Last updated: X seconds ago


About CGB:
Cryptogenic Bullion is a digital asset with all of the qualities of money. It is a descendant of Bitcoin, but employs an advanced security model which is more efficient and more secure than Bitcoin. The problems of today's debt based fiat currencies find solutions in cutting-edge decentralized cryptographic currencies like Cryptogenic Bullion. Designed to function as a store of wealth, CGB's fundamentals emulate the properties and supply of gold.
While Cryptogenic Bullion shares many traits with Bitcoin such as fast global payments, decentralization, pseudo-anonymity, and non-reversible transactions, there are many improvements which allow CGB to more reliably store wealth. A critical requirement for storing wealth is a low inflation rate. Cryptogenic Bullion is a very rare exception in that it has nearly completed its volatile inflationary stage and settled into its maximum yearly inflation rate of 2%. It also allows prudent savers of Cryptogenic Bullion to earn up to 1.5% interest on funds left unspent in their wallets for at least 30 days.
Crypto-currencies are finding support among a massive and diverse range of participants. For newcomers, a visit to one of the following pages would be beneficial depending on your current level of understanding and intention. Cryptogenic Bullion emulate the properties of gold, a classic safe-haven asset, and also represents a part of the movement towards a more fair and honest system of money. For more details on why and how, see the Fundamental Knowledge section. To quickly learn more about the crypto-markets, see the Investor Brief section. For analysing market dynamics, see the Market Fundamentals section.
  • Proof of Work/Proof of Stake Hybrid
  • Algorithm: Scrypt
  • Linear difficulty retarget (every 2 blocks)
  • 5 Confirmations
  • 60 Second block time
  • 1.5% Annual interest earned
  • Subsidy halving after every 50k blocks until reward of 0.01
  • Target ~1,000,000 CGB
  • 0.5% PoW & 1.5% PoS inflation
  • Based on Peercoin & Novacoin
Fundamental Knowledge:
In order to understand the need for cryptographic currencies like Bitcoin and Cryptogenic Bullion, we must consider a number of fundamental challenges with our current financial system, and the solutions that cryptographic currencies provide. The world's currencies are referred to as debt-based fiat currencies because they are not backed by a physical asset like gold, and can burden up to 30 participants with debt for each actual dollar in reserve, creating the potential for bank runs. It helps to realize that when a credit card is used to purchase something, dollars are created , and when you pay it off, dollars are destroyed. This scheme is referred to as fractional reserve banking and can not happen in a digital currency system without the owner's knowledge because the supply is strictly controlled by a decentralized protocol.
We are beginning, as a society, to understand the dangers and inefficiencies found in centralized systems as corruptions and self destructive processes manifest themselves with no true remedy. As our society looks for answers, they are being found in technological advances which allow us to connect with each other in more meaningful ways which do not require a third party. Cryptographic currencies provide the convenience of cash, with neither the excessive centralized printing, nor the potential for censorship or sanctions which block the transmission of funds. A new economy is forming with various crypto-currencies attempting to fill different roles within the ecosystem. It is imperative that we capitalize these technologies through careful investment to allow for the necessary development which will enable them to be a major part of modern society. To quickly learn more about the crypto-markets, see the Investor Brief section.
Trust in crypto-currencies must begin with a basic understanding of how the system functions and how to use it. Technology has existed for decades now which allow us to verify that a message was signed by an individual. This authentication technology is now used to prove that the holder of a private wallet has sent funds form that wallet to another. Keeping this key secret is the responsibility of each participant and this responsibility is the price for the freedom enabled by cryptographic currencies. Every transaction that has ever occurred is recorded in a distributed ledger which proves the current balance of all wallets in order to validate further transactions. Blocks created every 60 seconds containing all of the new transactions are added to the top of the block chain and further serve to set all previous blocks in "cryptographic" stone. For more details on how CGB's decentralized protocols provide trusted security and honest money, see the Papers and Articles section.
In order to get a glimpse of what the future cryptographic currency ecosystem could look like we must accept that there are many different roles to fill, and it is difficult for one currency to efficiently fill all roles. A store of wealth, like Cryptogenic Bullion (CGB), must have a low inflation rate to preserve capital and reduce volatility. Stability can also be encouraged if the bearer is allowed to earn interest on savings stored unspent for a specified length of time. A currency, like Dogecoin (DOGE), must have a higher inflation rate to slightly exceed the adoption rate. This provides liquidity and encourages spending which furthers the expansion of the participant base. A market gateway, like Bitcoin (BTC), must also have a higher inflation rate to match adoption so that liquidity is maintained which enhances the access to each of its markets. The market gateway also insulates the cryptographic currencies and stores of wealth from the market fluctuations caused by volatile shifts in demand for fiat currencies vs. crypto-currencies as a whole. For more information on these dynamics, see the Market Fundamentals section.
Frequently Asked Questions:
  • General
  • Investing
  • Storing Wealth
  • Wallet Software
  • (more?)
Continued in this comment (directly below).
submitted by papersheepdog to CryptogenicBullion [link] [comments]

Elicoin specifications

Elicoin is a CPU mineable cryptocurrency. It can be mined on GPU too, but CPU mining is more efficient.
Coin specifications: Coin name: Elicoin (ELI) Algorithm: YescryptR16 (CPU only) Total number of coins: 10 000 000 ELI Block time: 1 minute Block reward halving: every 500 000 blocks Maximum block size: 4 MB Initial block reward: 10 ELI Difficulty retarget: Every block (DarkGravityWave ver. 3) Premine: none
Wallet: Elicoin Core source codes Elicoin Core for Windows Elicoin Core for macOS Elicoin Core for Debian / Ubuntu Linux Elicoin Mobile Wallet for Android (on Google Play) Elicoin Mobile Wallet (Android GUI) - source codes Elicoin Mobile Wallet (Core C library) - source codes Elicoin Paper Wallet Generator
Mining: How to mine List of pools Elicoin GUI miner CPU miner Android miner Elicoin Linux
Community: Facebook Twitter Discord Telegram announcements Telegram chat Slack
Exchange: Crex24 - ELI / BTC BitexBay - ELI / BTC BarterDEX - Various pairs Multicoins - MC / ELI
Faucet: Faucet (3rd party - unofficial) How to use faucet How to install faucet script for Elicoin
Other: Elicoin website Block explorer Roadmap Elicoin price chart on CoinLib Elicoin price chart on Live Coin Watch Contact info and links
Please vote to get Elicoin on exchange: QuantaDEX (free votes) Vote on (free votes) Vote on SouthXchange (paid votes) Vote on C-CEX (free and paid votes)
submitted by Elicoin to EliCoin [link] [comments]

I've been working on a bot for crypto subs like /r/bitcoin for a few days now. Say hello to crypto_bot!

Hey guys, I've been working on crypto_bot for some time now. It provides a bunch of features that I hope will enhance your experience on /bitcoin (and any other subreddit). You can call it by mentioning it in a comment. I started working on this a few days ago. I'm constantly adding new features and will update this post when I do, but if you're interested I'll post all updates and some tips at /crypto_bot. Please either comment here, message me, or post there if you'd like to report a bug, request a feature, or offer feedback. There's also one hidden command :)
You can call multiple commands in one comment. Here's a description of the commands you can use:

Market Data:

Responds with the USD price of one bitcoin from an average of six of the top bitcoin exchanges (BTC-E, Bitstamp, Bitfinex, Coinbase, Kraken, Cryptsy).
crypto_bot ticker 
Responds with the USD price of one bitcoin at seven exchanges (all of the ones listed above, plus LocalBitcoins). Also lists the average at the bottom.
crypto_bot [exchange] 
Responds with the USD price of one bitcoin from [exchange] (any of the seven listed above).
crypto_bot [litecoin|ltc|dogecoin|doge] 
Responds with the USD price of one litecoin, or the price of 1 doge and 1,000 doge.
crypto_bot litecoin|ltc [exchange] 
Responds with the USD price of one litecoin from BTC-E, Bitfinex, Kraken, or Cryptsy.
crypto_bot [currency] 
Responds with the price of one bitcoin in the specified currency. Available currencies (symbols): JPY, CNY, SGD, HKD, CAD, NZD, AUD, CLP, GBP, DKK, SEK, ISK, CHF, BRL, EUR, RUB, PLN, THB, KRW, TWD.


crypto_bot [about|info] [arg] 
Responds with a short description about [arg], as well as a link to an external site (Wikipedia,, and some others) for more information. You can list multiple arguments and get a description for each. Available arguments: bitcoin, block chain, transaction, address, genesis, satoshi, mining, confirmation, coinbase, gox, cold wallet, hot wallet.
crypto_bot legal 
Responds with a chart about the legality of bitcoin in 40 countries, copied straight from Wikipedia.
crypto_bot [explain transaction delay|explain tx delay] 
Responds with an explanation of why transactions may take longer to confirm (the bot specifically discusses spam-transaction attacks in this command).

Network information/tools:

crypto_bot difficulty 
Responds with the current difficulty of the bitcoin network.
crypto_bot [height|number of blocks] 
Responds with the current height of the block chain.
crypto_bot retarget 
Responds with what block the difficulty will recalculate at, as well as how many blocks until the network reaches that block.
crypto_bot [unconfirmed transactions|unconfirmed tx] 
Responds with the current number of unconfirmed transactions.
crypto_bot [new address|generate address] 
Responds with a newly-generated public and private key. This is mainly to provide an explanation of what both look like, and contains a clear warning to not use or send bitcoins to the address.
crypto_bot blockinfo [height] 
Responds with information about block #[height], including its hash, time discovered, and number of transactions.
crypto_bot [address] 
Responds with information about [address], including its balance and number of transactions.
crypto_bot [transaction_id] 
Responds with information about [transaction_id], including what block it was included in, its size, and its inputs and outputs.


crypto_bot calc <# miningspeed> [#][w] [#][kwh] [#][difficulty] [hc$#] [$#] [#%] 
Responds with calculations and information about how a miner would do with the above data (mining calculator). The only required field is mining speed. Order of the arguments does not matter. Everything other than hashrate defaults to the following if not given: w (watts): 0, kwh ($kilowatt cost/hour): 0, difficulty: current network difficulty, hc$ (hardware cost): $0, $: current bitcoin price in usd (according to Coinbase), % (pool fee): 0. The calculator does not account for nor allow for input of the increase/decrease of difficulty over time, though I may add this feature soon. Working hashing speeds: h/s, kh/s, mh/s, gh/s, th/s, ph/s.
Example usage: "crypto_bot calc 30th/s 10w .12kwh hc$55 1.5%" (to make it easier to remember, th/s can also be inputted as ths). This calls the bot with a hashrate of 30 th/s, electricity usage of 10w, a cost of $.12 kWh, a hardware cost of $55, and a pool fee of 1.5%.
crypto_bot number of btc <$amount to convert> [bp$bitcoin price] 
Responds with the number of bitcoins you could buy with <$amount to convert>. If the comment specifies a [bp$bitcoin price], it calculates it with that exchange rate. Otherwise, it uses the rate from Coinbase.
Example usage: "crypto_bot $419.29 bp$180.32" This calculates how many bitcoins you can buy if you have $419.29 and the bitcoin exchange rate is $180.32.


SignMessage! "" 
Signs a message in the bitcoin block chain in a transaction using OP_RETURN. The message must be less than 40 characters.
Example usage: "SignMessage! "Post messages in the block chain!""
I hope you find this bot useful! Again, if you have any questions or comments, please either comment on this post, message me, or post on /crypto_bot.
Update 1 (June 24, 2015, 17:35): The bot now responds with information if you post a link to a block, transaction, or address on in a comment, even if you don't call it. For example, if I wrote "" in a comment, it would respond with information about block #362,377.
Update 2 (July 10, 2015, 1:59): The bot now has two additional commands: "unconfirmed transactions" (or "unconfirmed tx") and "explain transaction delay" (or "explain tx delay"). The first command responds with the number of unconfirmed transactions, and the second explains why transactions might take extra time to confirm.
Update 3 (August 24, 2015, 1:34): The bot now responds in a better way than before when transaction ids or addresses are posted. Before, it only responded when the transaction id or address was used in a link to Now the bot will respond whenever a transaction id or address is posted at all; a link to is no longer necessary.
Update 4 (August 27, 2015, 3:00): The bot can now sign messages in the Bitcoin block chain using OP_RETURN.
submitted by busterroni to Bitcoin [link] [comments]

Minimum Viable Fork

Hi all,
I posted below the other day on BitcoinBlack. Since it is relevant here as well, I'll just repeat it here. Basically these are some thoughts on what would be a Minimum Viable Fork (a fork of Bitcoin Core, with minimal changes, that stands a chance of surviving the forking process). No code has been tested, I just wrote what came to mind and seemed to make sense. Would appreciate any thoughts on it.
First of all a fork date needs to be decided. This should be at the end of a difficulty retargetting period, so something like block 435455 would be fine (Bitcoin uses nHeight+1 / 2016 to determine the adjustment moment). This block would be mined in about 85 days, making it the last block before we celebrate the anniversary of the original Bitcoin whitepaper (October 31, 2008). Besides being a symbolic date, it would leave some time for review, finish some open items (see below) and allow exchanges/wallets to prepare.
Now, getting to the actual fork we'll need two things (based on Bitcoin Core). The first would be the the max block size increase. We'd be fine with a minimal controversial increase to 2MB (Classic style). Since we're (implicitly) creating a community that is OK with hard-forking to upgrade we can leave further increases for a later date.
In the code we'd change (consensus.h):
static const unsigned int MAX_BLOCK_BASE_SIZE = 1000000;
to something like
static const unsigned int MAX_BLOCK_BASE_SIZE = 2000000;
static const unsigned int OLD_MAX_BLOCK_BASE_SIZE = 1000000;
and add (to main.cpp before //size limits) some condition to switch the MAX_BLOCK_SIZE variable at the hard-fork point (again Classic style, no need to reinvent the wheel here)
Then comes the difficult part. Classic does a fork on a supermajority of 75%. Ethereum Classic shows a minority chain can survice, so we don't need a supermajority. Bitcoin's difficulty algorithm does make things slightly more interesting than an ETC fork though. We can do a one-time change of the difficulty, but we need to remember it adjusts only once every 2016 blocks (there's a risk of getting "stuck").
What we can do is fork to 1% of BTC's difficulty. Bitcoin is protected against increases greater than 4x, so it won't explode right away in a majority attack. Furthermore gaining 1% should be easy. Many people would probably be willing to pay 1% of BTC for a BTC fork that does 2MB blocks. We have learned the hash follows the market, so we would get 1% hash easily (note Classic has 3%+ support at the moment, there absolutely going to be a market).
I suppose this could be done by adding the following in CalculateNextWorkRequired (pow.cpp):
if ((pindexLast->nHeight+1) = 435456) nActualTimespan = params.nPowTargetTimespan*0.01;
Right before // Retarget (the previous will fork to exactly 1% of the most recent BTC difficulty regardless of when we do it or what the difficulty is).
After this the software is ready, except for replay attack protection. This is the open end mentioned earlier. In a minority fork, this is going be problem. We could decide we don't care, since Ethereum Classic is hanging on pretty well without, but I'd recommend to include this (also to force the fork as transactions would become incompatible).
So, there's a date and some actual code, now about the name.. Bitcoin Black isn't that catchy (no offence). How about Bitcoin Next (ticker BNX) instead? A simple name highlighting the progress that will be made by forking (secured it by reserving it).
TL;DR: a Minimum Viable Fork would include the following
1) A increase of the max block size should to 2MB (least controversial change)
2) A one-time difficulty adjustment to (something like) 1% of BTC's total difficulty
3) Replay attack protection (making transactions incompatible)
submitted by Digiconomist to btcfork [link] [comments]

Announcement Xeonbit XNB - The Private Digital Currency For Secure Payments

Introducing XEONBIT (XNB)
White Paper Twitter Facebook Telegram Discord
Explorer Mining Pool Wallet Download
The Blockchain Solution For Global Payments
Xeonbit is the private digital currency for secure payment network fully decentralized without any central authorities.
What is Xeonbit?
Xeonbit is not just a digital currency. It’s a community’s lifestyle, backbone and commercial foundation for the internet. Decentralized digital currency is slowly becoming a normal part of everyday life. Yet people’s main internet device continues to be their mobile, a device with a low-powered CPU and limited available storage. Xeonbit is about enabling this era, enabling an age where all people everywhere have the freedom to privately send and receive money with whatever gadget they already own. With Xeonbit you are your own bank.
There is only you can control and be responsible for your funds. Your accounts and transaction are out of reach to any prying eyes. Xeonbit uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the internet network.
Secure Payments by Xeonbit
Payments are still anonymous by default. But unlike others, Xeonbit also allows for traceable transfers. It protects a receiver from defining his or her balance through inspecting incoming messages to the user’s public address. All the information that they receive is at your disposal 100% with no limits or restrictions; This is our top priorities for your privacy and security therefore we adjust to each client's needs easily with its potential to be enlarged to fit in that growth.
Xeonbit XNB will be mined at
PoW algorithm: CryptoNight Max supply: ~18.4 million Block reward: smoothly varying Block time: 240 seconds Difficulty: retargets at every block
Get your Xeonbit XNB Wallets
Wallet Download
GUI Wallet Download from Github
Exchanges: Graviex:
Announcement List: - [ANN] Xeonbit English: - [ANN] Xeonbit Chinese: - [ANN] Xeonbit Romanian: - [ANN] Xeonbit Korean: - [ANN] Xeonbit Bulgarian: - [ANN] Xeonbit Russian: - [ANN] Xeonbit Brazillian Portuguese: - Medium [ANN]:
Information Listing
Mining Compare and Mining Guide:
submitted by zangchan8866 to Xeonbit [link] [comments]

Much censorship, many danger, so repost. (Your code is flawed and allows DoS and unlimited coins. your mods censored this

there is a DoS error in code allowing easy fork of network with low power.
Official doge ann on btctalk says max 100 billion doge but not even maths check out
" how specification
Algorithm: Scrypt Max Coins: 100,000,000,000 DOGE Block Time: 60 Seconds Difficulty Retarget Time: 4 hours Premine: None
much reward
Block 1-100,000: 0-1,000,000 DogeCoin Reward Block 100,001 — 200,000: 0-500,000 DogeCoin Reward Block 200,001 — 300,000: 0-250,000 DogeCoin Reward Block 300,001 — 400,000: 0-125,000 DogeCoin Reward Block 400,001 — 500,000: 0-62,500 DogeCoin Reward Block 500,001 - 600,000: 0-31,250 DogeCoin Reward Block 600,000+: 10,000 DogeCoin Reward "
(100 000 * 1 000 000) + (100 000 * 500 000) + (100 000 * 250 000) + (100 000 * 125 000) + (100 000 * 62500) + (100 000 * 31250) = 196 875 000 000
196.875 Billion coin total NOT reported 100B
DoS code fix is simple
but require hardfork. pull request just Dos Hole fix. fix to coin supply possible and easy -----BEGIN PGP SIGNATURE----- Version: BCPG v1.47
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I have found a hold so they censored. i am reporting mods for censorship. -----BEGIN PGP SIGNATURE----- Version: BCPG v1.47
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Hello everyone, we are here to talk to you today about DogeCoin. Your favorite currency. Dogecoin was created by adobe marketing guru Jackson Palmer. Jackson, while a very creative person was not good with code. DogeCoin is broken. Just like cent coin, you can mine unlimited coins. THERE IS NO CAP.
The code on main.cpp lines 842-902 we see the block reward is given. Lines 846-899 on main.cpp give seeds for random values up to block number 600000. after block 600000 all rewards are 10000. This is what doge announce said. Problem is that we do not see any code stopping the block reward from continuing past the maximum suggested coins.
COIN is defined in util.h on line 36 as 100000000 to allow 8 decimal places of precision (to allow satoshis
MAX_MONEY != total possible coins in circulation. This means after block 600000, every block will have 10,000 coins released and there is NO END TO THIS CYCLE. Effectively there are UNLIMITED COINS TO BE MINED!
After the first 100Billion coins, every 19 years another 100 Billion coins will be mined.
This has been discussed here
your fearless leaders did not inform you there is no market cap.
Also note on main.cpp line 1500 there is no DoS protection
bitcoin and litecoin both have this security measure in place (example below)
The code is broken. An attack will destroy your coin.
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submitted by AshKetchumBTC to dogecoin [link] [comments]

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Market Update: Historic Times

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