Bitcoin Mining With Solar: Less Risky and More Profitable ...

Binance Pool Poised to Grab More Bitcoin Mining Hash Rate in Russia and Central Asia - Binance setting up physical mining farms for Eurasia miners

Binance Pool Poised to Grab More Bitcoin Mining Hash Rate in Russia and Central Asia - Binance setting up physical mining farms for Eurasia miners submitted by Randomplayeri to CryptoCurrency [link] [comments]

Binance Pool Poised to Grab More Bitcoin Mining Hash Rate in Russia and Central Asia - Binance setting up physical mining farms for Eurasia miners (x-post from /r/Cryptocurrency)

Binance Pool Poised to Grab More Bitcoin Mining Hash Rate in Russia and Central Asia - Binance setting up physical mining farms for Eurasia miners (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Cryptocurrency Staking As It Stands Today

Cryptocurrency Staking As It Stands Today
Everyone and his grandma know what cryptocurrency mining is. Well, they may not indeed know what it actually is, in technical terms, but they have definitely heard the phrase as it is hard to miss the news about mining sucking in energy like a black hole gobbles up matter. On the other hand, staking, its little bro, has mostly been hiding in the shadows until recently.
by StealthEX
Today, with DeFi making breaking news across the cryptoverse, staking has become a new buzzword in the blockchain space and beyond, along with the fresh entries to the crypto asset investor’s vocabulary such as “yield farming”, “rug pull”, “total value locked”, and similar arcane stuff. If you are not scared off yet, then read on. Though we can’t promise you won’t be.

Cryptocurrency staking, little brother of crypto mining

There are two conceptually different approaches to achieving consensus in a distributed network, which comes down to transaction validation in the case of a cryptocurrency blockchain. You are most certainly aware of cryptocurrency mining, which is used with cryptocurrencies based on the Proof-of-Work (PoW) consensus algorithm such as Bitcoin and Ether (so far). Here miners compete against each other with their computational resources for finding the next block on the blockchain and getting a reward.
Another approach, known as the Proof-of-Stake (PoS) consensus mechanism, is based not on the race among computational resources as is the case with PoW, but on the competition of balances, or stakes. In simple words, every holder of at least one stake, a minimally sufficient amount of crypto, can actively participate in creating blocks and thus also earn rewards under such network consensus model. This process came to be known as staking, and it can be loosely thought of as mining in the PoS environment.
With that established, let’s now see why, after so many years of what comes pretty close to oblivion, it has turned into such a big thing.

Why has staking become so popular, all of a sudden?

The renewed popularity of staking came with the explosive expansion of decentralized finance, or DeFi for short. Essentially, staking is one of the ways to tap into the booming DeFi market, allowing users to earn staking rewards on a class of digital assets that DeFi provides easy access to. Technically, it is more correct to speak of DeFi staking as a new development of an old concept that enjoys its second coming today, or new birth if you please. So what’s the point?
With old-school cryptocurrency staking, you would have to manually set up and run a validating node on a cryptocurrency network that uses a PoS consensus algo, having to keep in mind all the gory details of a specific protocol so as not to shoot yourself in the foot. This is where you should have already started to enjoy jitters if you were to take this avenu entirely on your own. Just think of it as having to run a Bitcoin mining rig for some pocket money. Put simply, DeFi staking frees you from all that hassle.
At this point, let’s recall what decentralized finance is and what it strives to achieve. In broad terms, DeFi aims at offering the same products and services available today in the traditional financial world, but in a trutless and decentralized way. From this perspective, DeFi staking reseblems conventional banking where people put their money in savings accounts to earn interest. Indeed, you could try to lend out your shekels all by yourself, with varying degrees of success, but banks make it far more convenient and secure.
The maturation of the DeFi space advanced the emergence of staking pools and Staking-as-a-Service (SaaS) providers that run nodes for PoS cryptocurrencies on your behalf, allowing you to stake your coins and receive staking rewards. In today’s world, interest rates on traditional savings accounts are ridiculous, while government spending, a handy euphemism for relentless money printing aka fiscal stimulus, is already translating into runaway inflation. Against this backdrop, it is easy to see why staking has been on the rise.

Okay, what are my investment options?

Now that we have gone through the basics of the state-of-the-art cryptocurrency staking, you may ask what are the options actually available for a common crypto enthusiast to earn from it? Many high-caliber exchanges like Binance or Bitfinex as well as online wallets such as Coinbase offer staking of PoS coins. In most cases, you don’t even need to do anything aside from simply holding your coins there to start receiving rewards as long as you are eligible and meet the requirements. This is called exchange staking.
Further, there are platforms that specialize in staking digital assets. These are known as Staking-as-a-Service providers, while this form of staking is often referred to as soft staking. They enable even non-tech savvy customers to stake their PoS assets through a third party service, with all the technical stuff handled by the service provider. Most of these services are custodial, with the implication being that you no longer control your coins after you stake them. Figment Networks, MyContainer, Stake Capital are easily the most recognized among SaaS providers.
However, while exchange staking and soft staking have everything to do with finance, they have little to nothing to do with the decentralized part of it, which is, for the record, the primary value proposition of the entire DeFi ecosystem. The point is, you have to deposit the stakable coins into your wallet with these services. And how can it then be considered decentralized? Nah, because DeFi is all about going trustless, no third parties, and, in a narrow sense, no staking that entails the transfer of private keys. This form of staking is called non-custodial, and it is of particular interest from the DeFi point of view.
If you read our article about DeFi, you already know how it is possible, so we won’t dwell on this (if, on the off chance, you didn’t, it’s time to catch up). As DeFi continues to evolve, platforms that allow trustless staking with which you maintain full custody of your coins are set to emerge as well. The space is relatively new, with Staked being probably the first in the field. This type of staking allows you to remain in complete control of your funds, and it perfectly matches DeFi’s ethos, goals and ideals.
Still, our story wouldn’t be complete if we didn’t mention utility tokens where staking may serve a whole range of purposes other than supporting the token network or obtaining passive income. For example, with platforms that deploy blockchain oracles such as Nexus Mutual, a decentralized insurance platform, staking tokens is necessary for encouraging correct reporting on certain events or reaching a consensus on a specific claim. In the case of Nexus Mutual, its membership token NXM is used by the token holders, the so-called assessors, for validating insurance claims. If they fail to assess claims correctly, their stakes are burned.
Another example is Particl Marketplace, a decentralized eCommerce platform, which designed a standalone cryptocurrency dubbed PART. It can be used both as a cryptocurrency in its own right outside the marketplace and as a stakable utility token giving stakers voting rights facilitating the decentralized governance of the entire platform. Yet another example is the instant non-custodial cryptocurrency exchange service, ChangeNOW, that also recently came up with its stakable token, NOW Token, to be used as an internal currency and a means of earning passive income.

What’s next?

Nowadays, with most economies on pause or going downhill, staking has become a new avenue for generating passive income outside the traditional financial system. As DeFi continues to eat away at services previously being exclusively provided by conventional financial and banking sectors, we should expect more people to get involved in this activity along with more businesses dipping their toes into these uncharted waters.
Achieving network consensus, establishing decentralized governance, and earning passive income are only three use cases for cryptocurrency staking. No matter how important they are, and they certainly are, there are many other uses along different dimensions that staking can be quite helpful and instrumental for. Again, we are mostly in uncharted waters here, and we can’t reliably say what the future holds for us. On the other hand, we can go and invent it. This should count as next.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/08/cryptocurrency-staking-as-it-stands-today/
submitted by Stealthex_io to StealthEX [link] [comments]

What Is Proof of Work (PoW)?

What Is Proof of Work (PoW)?
Contents
https://preview.redd.it/6xrtu2r56v151.png?width=1920&format=png&auto=webp&s=21a0175a00217614738e88b6c9d47fd07e0ae305
Introduction
Proof of Work (commonly abbreviated to PoW) is a mechanism for preventing double-spends. Most major cryptocurrencies use this as their consensus algorithm. That’s just what we call a method for securing the cryptocurrency’s ledger.
Proof of Work was the first consensus algorithm to surface, and, to date, remains the dominant one. It was introduced by Satoshi Nakamoto in the 2008 Bitcoin white paper, but the technology itself was conceived long before then.
Adam Back’s HashCash is an early example of a Proof of Work algorithm in the pre-cryptocurrency days. By requiring senders to perform a small amount of computing before sending an email, receivers could mitigate spam. This computation would cost virtually nothing to a legitimate sender, but quickly add up for someone sending emails en masse.

What is a double-spend?

A double-spend occurs when the same funds are spent more than once. The term is used almost exclusively in the context of digital money — after all, you’d have a hard time spending the same physical cash twice. When you pay for a coffee today, you hand cash over to a cashier who probably locks it in a register. You can’t go to the coffee shop across the road and pay for another coffee with the same bill.
In digital cash schemes, there’s the possibility that you could. You’ve surely duplicated a computer file before — you just copy and paste it. You can email the same file to ten, twenty, fifty people.
Since digital money is just data, you need to prevent people from copying and spending the same units in different places. Otherwise, your currency will collapse in no time.
For a more in-depth look at double-spending, check out Double Spending Explained.

Why is Proof of Work necessary?

If you’ve read our guide to blockchain technology, you’ll know that users broadcast transactions to the network. Those transactions aren’t immediately considered valid, though. That only happens when they get added to the blockchain.
The blockchain is a big database that every user can see, so they can check if funds have been spent before. Picture it like this: you and three friends have a notepad. Anytime one of you wants to make a transfer of whatever units you’re using, you write it down — Alice pays Bob five units, Bob pays Carol two units, etc.
There’s another intricacy here — each time you make a transaction, you refer to the transaction where the funds came from. So, if Bob was paying Carol with two units, the entry would actually look like the following: Bob pays Carol two units from this earlier transaction with Alice.
Now, we have a way to track the units. If Bob tries to make another transaction using the same units he just sent to Carol, everyone will know immediately. The group won’t allow the transaction to be added to the notepad.
Now, this might work well in a small group. Everyone knows each other, so they’ll probably agree on which of the friends should add transactions to the notepad. What if we want a group of 10,000 participants? The notepad idea doesn’t scale well, because nobody wants to trust a stranger to manage it.
This is where Proof of Work comes in. It ensures that users aren’t spending money that they don’t have the right to spend. By using a combination of game theory and cryptography, a PoW algorithm enables anyone to update the blockchain according to the rules of the system.

How does PoW work?

Our notepad above is the blockchain. But we don’t add transactions one by one — instead, we lump them into blocks. We announce the transactions to the network, then users creating a block will include them in a candidate block. The transactions will only be considered valid once their candidate block becomes a confirmed block, meaning that it has been added to the blockchain.
Appending a block isn’t cheap, however. Proof of Work requires that a miner (the user creating the block) uses up some of their own resources for the privilege. That resource is computing power, which is used to hash the block’s data until a solution to a puzzle is found.
Hashing the block’s data means that you pass it through a hashing function to generate a block hash. The block hash works like a “fingerprint” — it’s an identity for your input data and is unique to each block.
It’s virtually impossible to reverse a block hash to get the input data. Knowing an input, however, it’s trivial for you to confirm that the hash is correct. You just have to submit the input through the function and check if the output is the same.
In Proof of Work, you must provide data whose hash matches certain conditions. But you don’t know how to get there. Your only option is to pass your data through a hash function and to check if it matches the conditions. If it doesn’t, you’ll have to change your data slightly to get a different hash. Changing even one character in your data will result in a totally different result, so there’s no way of predicting what an output might be.
As a result, if you want to create a block, you’re playing a guessing game. You typically take information on all of the transactions that you want to add and some other important data, then hash it all together. But since your dataset won’t change, you need to add a piece of information that is variable. Otherwise, you would always get the same hash as output. This variable data is what we call a nonce. It’s a number that you’ll change with every attempt, so you’re getting a different hash every time. And this is what we call mining.
Summing up, mining is the process of gathering blockchain data and hashing it along with a nonce until you find a particular hash. If you find a hash that satisfies the conditions set out by the protocol, you get the right to broadcast the new block to the network. At this point, the other participants of the network update their blockchains to include the new block.
For major cryptocurrencies today, the conditions are incredibly challenging to satisfy. The higher the hash rate on the network, the more difficult it is to find a valid hash. This is done to ensure that blocks aren’t found too quickly.
As you can imagine, trying to guess massive amounts of hashes can be costly on your computer. You’re wasting computational cycles and electricity. But the protocol will reward you with cryptocurrency if you find a valid hash.
Let’s recap what we know so far:
  • It’s expensive for you to mine.
  • You’re rewarded if you produce a valid block.
  • Knowing an input, a user can easily check its hash — non-mining users can verify that a block is valid without expending much computational power.
So far, so good. But what if you try to cheat? What’s to stop you from putting a bunch of fraudulent transactions into the block and producing a valid hash?
That’s where public-key cryptography comes in. We won’t go into depth in this article, but check out What is Public-Key Cryptography? for a comprehensive look at it. In short, we use some neat cryptographic tricks that allow any user to verify whether someone has a right to move the funds they’re attempting to spend.
When you create a transaction, you sign it. Anyone on the network can compare your signature with your public key, and check whether they match. They’ll also check if you can actually spend your funds and that the sum of your inputs is higher than the sum of your outputs (i.e., that you’re not spending more than you have).
Any block that includes an invalid transaction will be automatically rejected by the network. It’s expensive for you to even attempt to cheat. You’ll waste your own resources without any reward.
Therein lies the beauty of Proof of Work: it makes it expensive to cheat, but profitable to act honestly. Any rational miner will be seeking ROI, so they can be expected to behave in a way that guarantees revenue.

Proof of Work vs. Proof of Stake

There are many consensus algorithms, but one of the most highly-anticipated ones is Proof of Stake (PoS). The concept dates back to 2011, and has been implemented in some smaller protocols. But it has yet to see adoption in any of the big blockchains.
In Proof of Stake systems, miners are replaced with validators. There’s no mining involved and no race to guess hashes. Instead, users are randomly selected — if they’re picked, they must propose (or “forge”) a block. If the block is valid, they’ll receive a reward made up of the fees from the block’s transactions.
Not just any user can be selected, though — the protocol chooses them based on a number of factors. To be eligible, participants must lock up a stake, which is a predetermined amount of the blockchain’s native currency. The stake works like bail: just as defendants put up a large sum of money to disincentivize them from skipping trial, validators lock up a stake to disincentivize cheating. If they act dishonestly, their stake (or a portion of it) will be taken.
Proof of Stake does have some benefits over Proof of Work. The most notable one is the smaller carbon footprint — since there’s no need for high-powered mining farms in PoS, the electricity consumed is only a fraction of that consumed in PoW.
That said, it has nowhere near the track record of PoW. Although it could be perceived as wasteful, mining is the only consensus algorithm that’s proven itself at scale. In just over a decade, it has secured trillions of dollars worth of transactions. To say with certainty whether PoS can rival its security, staking needs to be properly tested in the wild.

Closing thoughts

Proof of Work was the original solution to the double-spend problem and has proven to be reliable and secure. Bitcoin proved that we don’t need centralized entities to prevent the same funds from being spent twice. With clever use of cryptography, hash functions, and game theory, participants in a decentralized environment can agree on the state of a financial database.
submitted by D-platform to u/D-platform [link] [comments]

Round up of Cryptocurrency News #3 Week 20/07 - 26/07

Pssst! Hey you. Scroll down for commentary!
Important/Notable/Highlights:
Special Mentions:
You haven't had enough news? Here is some more:
Speculation:
You made it! :)
First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes).
This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn).
This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally.
"The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay"
Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment.
Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations.
Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA).
“The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.”
More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin.
Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets.
AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com
In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money.
“After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.”
Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders.
Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest!
If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them.
Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel
See you soon!
🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S.
Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok.
... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
submitted by IOTAbesomewhere to Gravychain [link] [comments]

ULTIMATE CRYPTO FAUCET LIST - Abraham Lincoln and a cool list of cryptocurrency faucets for you and your shibe.

Four score and a couple of months ago a few crypto-faucet winners and losers popped up in my browser... SOME WERE THE BEST HOT DAMN FREE BITCOIN FAUCETS that a person could find and well some were not as fast...During the last decade the worlds developers and programmers brought forth on this planet the crypto-faucet in many different forms. Are all faucets created equal? They are not... Alright I know this isn't the Gettysburg address but who doesn't love Lincoln?
Here I have compiled The best Fun and Profitable Cryptocoin Faucet List for you. If you like this list you may use it to sign up for these great faucets and claim Bitcoin as well as many different Altcoins. These are referral links so I might get some fantastic referrals like you in exchange for creating this hopefully useful list.
One thing you will need is patience, if you are going to try to get some bitcoins or altcoins for free. it's not really free basically you are being given a very tiny amount of crypto-currency for watching internet advertising or for competing in games or challenges. There are also places you can get paid in Cryptocurrency for completing surveys or doing small tasks.
As with anything on the internet you use these at your own risk and do be careful out there in faucet land. Some of these pages have third party advertisers that will have some pretty crazy s**t pop up on you.
If you do want to go wandering around in faucet land, Here are some of my favourite bitcoin and altcoin faucets;
These are a few of the best i've found for Bitcoin!
FREE BITCO.IN - this one pays out daily interest once you have a high enough balance
The next seven faucets listed are for COINPOT a handy collector for your faucet claims. They payout quite quickly once you reach minimums.
MOON BITCOIN
BITFUN
BONUS BITCOIN: HINT; this one is great on it's own but it's even better if you find the settings and always claim the average amount! Unless you hit the jackpot this will always bring you more coins over the long run.
If you prefer Altcoin faucets these are very wOw! <3
MOON BITCOIN CASH
MOON LITECOIN
MOON DASH
MOON DOGE! MEGA WOW! MUCH SHIBE THANKS! WOW wow WOW
MORE DOGE AT FREEDOGE COIN
BYTECOIN: tHe recently PINK CRYPTO
Here is a site that GETS BONUS POINTS for having a funny name You can claim bitcoin quite often but it takes a long time to reach the threshold unless you have referrals. That's where you come in my friend please help me out and become a referral. Thank you very much! :-)
BITCOINKER! - update NOT PAYING as of July 2019 site admin please pay up!
Or another site you will need much patience to get a little EtherEum;
eThErEuM FAUCET
There are some sites that have games! and pay a little bit of coins for hanging out and playing some games. cool.
CHOPCOIN
BITFUN
LOOTBITS! reviews not good probably scam -
If you like to claim quite a bit,do surveys, or get free coins through chat you might want to try: FAUCETHUB They give away quite a bit of free Potcoin (POT) as well as other coins such as DOGE and PRIMECOIN
If you like Faucethub and it's owner (s)he has another site that pays you for shortening your links: BTC-LINK SHORTENER
And this strange little crypto-game(?) is the one featured in the image for this post. While you can deposit to make the 'game' go faster you can also play for free and have the option of earning coins in other ways.
WEIRD LITTLE CRYPTO FARM GAME - - after "researching" this one it is probably a "loser" based on reviews found on various forums. That said I'm hangin' in there for now to see what happens.
CLOUD MINE FOR FREE - ON EOBOT if you are so inclined. You will need to either claim from their faucet everyday and put it into GHS rental or transfer funds from other faucets to get started just message me here if you are having trouble.
This faucet claiming and "cloud mining" is all very experimental and profits are very small. At the end of the day; PERHAPS IT IS BETTER JUST TO OUTRIGHT BUY COINS - Through this exchange BINANCE
Who knows if anyone is really making much on this stuff or not. Join one or join them all the more the merrier. So that's the list. I hope all you faucet seekers or curious browsers find it useful and or interesting. Good luck out there and if you have any questions about any of them please feel free to message me. All the best in your search for freedom and equality!
*don't forget to upvote!
submitted by CRYPTOGLYPHi to dogeforfree [link] [comments]

Abraham Lincoln, A Fun List of Cryptocurrency Faucets and Gaming for Coins!

Four score and a couple of months ago a few crypto-faucet winners and losers popped up in my browser... SOME WERE THE BEST HOT DAMN FREE BITCOIN FAUCETS that a person could find and well some were not as fast...During the last decade the worlds developers and programmers brought forth on this planet the crypto-faucet in many different forms. Are all faucets created equal? They are not... Alright I know this isn't the Gettysburg address but who doesn't love Lincoln?
Here I have compiled The best Fun and Profitable Cryptocoin Faucet List for you. If you like this list you may use it to sign up for these great faucets and claim Bitcoin as well as many different Altcoins. These are referral links so I might get some fantastic referrals like you in exchange for creating this hopefully useful list.
One thing you will need is patience, if you are going to try to get some bitcoins or altcoins for free. it's not really free basically you are being given a very tiny amount of crypto-currency for watching internet advertising or for competing in games or challenges. There are also places you can get paid in Cryptocurrency for completing surveys or doing small tasks.
As with anything on the internet you use these at your own risk and do be careful out there in faucet land. Some of these pages have third party advertisers that will have some pretty crazy s**t pop up on you.
If you do want to go wandering around in faucet land, Here are some of my favourite bitcoin and altcoin faucets;
These are a few of the best i've found for Bitcoin!
FREE BITCO.IN - this one pays out daily interest once you have a high enough balance
The next seven faucets listed are for COINPOT a handy collector for your faucet claims. They payout quite quickly once you reach minimums.
MOON BITCOIN
BITFUN
BONUS BITCOIN: HINT; this one is great on it's own but it's even better if you find the settings and always claim the average amount! Unless you hit the jackpot this will always bring you more coins over the long run.
If you prefer Altcoin faucets these are very wOw! <3
MOON BITCOIN CASH
MOON LITECOIN
MOON DASH
MOON DOGE! MEGA WOW! MUCH SHIBE THANKS! WOW wow WOW
MORE DOGE AT FREEDOGE COIN
BYTECOIN: tHe recently PINK CRYPTO
Here is a site that GETS BONUS POINTS for having a funny name You can claim bitcoin quite often but it takes a long time to reach the threshold unless you have referrals. That's where you come in my friend please help me out and become a referral. Thank you very much! :-)
BITCOINKER! - update NOT PAYING as of July 2019 site admin please pay up!
Or another site you will need much patience to get a little EtherEum;
eThErEuM FAUCET
There are some sites that have games! and pay a little bit of coins for hanging out and playing some games. cool.
CHOPCOIN
BITFUN
LOOTBITS! reviews not good probably scam -
If you like to claim quite a bit,do surveys, or get free coins through chat you might want to try: FAUCETHUB They give away quite a bit of free Potcoin (POT) as well as other coins such as DOGE and PRIMECOIN
If you like Faucethub and it's owner (s)he has another site that pays you for shortening your links: BTC-LINK SHORTENER
And this strange little crypto-game(?) is the one featured in the image for this post. While you can deposit to make the 'game' go faster you can also play for free and have the option of earning coins in other ways.
WEIRD LITTLE CRYPTO FARM GAME - - after "researching" this one it is probably a "loser" based on reviews found on various forums. That said I'm hangin' in there for now to see what happens.
CLOUD MINE FOR FREE - ON EOBOT if you are so inclined. You will need to either claim from their faucet everyday and put it into GHS rental or transfer funds from other faucets to get started just message me here if you are having trouble.
This faucet claiming and "cloud mining" is all very experimental and profits are very small. At the end of the day; PERHAPS IT IS BETTER JUST TO OUTRIGHT BUY COINS - Through this exchange BINANCE
Who knows if anyone is really making much on this stuff or not. Join one or join them all the more the merrier. So that's the list. I hope all you faucet seekers or curious browsers find it useful and or interesting. Good luck out there and if you have any questions about any of them please feel free to message me. All the best in your search for freedom and equality!
submitted by CRYPTOGLYPHi to u/CRYPTOGLYPHi [link] [comments]

New to Nav Coin? Read here

New to NavCoin? Read Here.

Last Updated: 25 April 2018
Hello and welcome to the official NavCoin subreddit! Please be mindful before posting. It is likely that someone has already asked the same question before you so please search the sidebar and use it as a directory prior to submitting your post.
In addition, the NavCoin Knowledge Base has a repository of resources guides to help answer commonly asked questions. Furthermore, NavTechServers.com, a website made by one of our community contributors, has a store of videos tutorials compiled from our most popular questions.

What is NavCoin

Cryptocurrencies are complicated, and it’s NavCoin’s mission to change that. Simplifying cryptocurrency is our motto; NavCoin is a non-profit, peer-to-peer based project that is completely decentralized and open-source.
If you’re interested in the details, NavCoin was initially forked from Bitcoin in 2014. And while it offers all the benefits of Bitcoin, it has been greatly enhanced such as faster and cheaper transactions. SegWit has already been voted on and activated by the community. This enables further advances in development; such as the current development of the Lightning Network (aka instant transactions). You can also choose to send optional anonymous/private payments via NavCoin’s flagship NavTech private payment technology.
This next generation blockchain also provides a Proof of Stake (PoS) algorithm to secure the network. To learn more about how PoS is more beneficial than Proof of Work (PoW) and to how you can earn 5% annually, please read the section on Proof of Stake below!

Who are contributors of NavCoin?

NavCoin is made up by contributers from all around the world - helping with the development of the core project, creating websites, and writing articles explaining how it all works. Nobody owns or controls NavCoin which means that everyone can take part.
You can view a list of core contributers to the NavCoin project here

How to get involved?

Become an active community member and help promote NavCoin! Message the moderators or join us on Discord to get in touch with questions, feedback, or ideas.
Show your support by wearing official NavCoin Merch! To be added soon, stay tuned!

Join the Conversation

Resources for Developers

Resources for Content Writers

The NavCoin Core Developers are working towards making the navcoin.org website fully open source so anyone from the community can submit updates or changes through GitHub - think of the NavCoin.Org site as you would a Wikipedia page.
Tutorial on how to set up your own Github account coming soon!

NavCoin Projects

NavPay: NavCoin’s Mobile & Desktop Wallet

NavPay is simple and easy to use! Join the thousands of users that pay for goods and services, process payments, make transfers to family and friends, and more!
NavPay is fast, with wallet to wallet transactions around five seconds or less, block confirmation times of 30 seconds or less, and extremely low-cost transactions (0.0001 NAV), never worry again about paying those high fees to Visa, Mastercard, or any other major credit card company for your transactions.
NavPay is safe! Users have the option to send in-app anonymous, private payments.
NavPay Website

How can I accept NavCoin as a Merchant?

NavCoin’s mission is to make NavCoin the world’s most widely used cryptocurrency on the planet. NavPay, NavCoin’s mobile app & desktop wallet, has never made it so easy to accept cryptocurrency for your business, whether online or in store!

Are you a business or entrepreneur?

Please send an email to [email protected] for collaboration or if you need any further information. If you have any marketing proposals, please send an email to [email protected]. Additionally, many of our core contributors are active on discord.

How do I buy NavCoin?

  • The cheapest way to get NAV is through an exchange.
  • Buy Bitcoin or Ethereum - for example using LocalBitcoins
  • Join an exchange such as Binance, Bittrex, or Poloniex, and transfer your Bitcoins to your account. Some exchanges require verification for trading or withdrawing.
  • Once there find a NavCoin trading pair (such as BTC-NAV or ETH-NAV) and make a transaction. You set the price you want to pay and how much you want and wait until someone matches that offer.
  • You now have your NAV! The next step is to send this to your wallet and start staking and/or spending and receiving NAV. Tutorials for setting up a wallet are available here

Official NavCoin Wallets

NavCoin Blockchain Explorer

The NavCoin Blockchain Explorer

NavCoin Proof of Stake; Earn 5%p.a.

NavCoin uses a Proof of Stake (POS) algorithm to secure the network. This has many added benefits versus Bitcoin’s use of Proof of Work (POW) to mine and confirm blocks and transactions. The benefit of using POS is that it is lightweight, requires extremely low energy consumption, and you don't need huge servers or farms to mine NavCoin. All you need is to install a Core Wallet, turn on staking mode, and you will earn 5%p.a. on the amount in your wallet. It’s that simple!

Community Fund

With the Community Fund in the final stages of development, get your community fund ideas ready! Anyone and everyone on the network will be able to propose projects, budgets and initiate network votes to schedule funds, through their staking rewards.
  • Community Fund Page
  • How to vote for Community Projects with staking rewards - Instructions coming soon!

Community Projects

Join in the Action! Let a moderator know if you are starting a NavCoin project and would like it to be added!
submitted by dr_ropata_ to NavCoin [link] [comments]

New to NavCoin? Read here!

Welcome to the NavCoin subreddit!

What is NavCoin?
NavCoin is a cryptocurrency based off Bitcoin. While it offers all the benefits of Bitcoin, it also has added benefits such as faster and cheaper transactions, the ability to earn 5% on your NAV and optional private payments.
A key difference is that NavCoin uses the Proof of Stake algorithm to secure the network (as opposed to Proof of Work that Bitcoin and others use). The benefit of using Proof of Stake is that it's much more lightweight and you don't need huge servers or farms to mine NavCoin. All you need is to install a Core Wallet, turn on staking mode and you will earn 5% on the amount in your wallet.
What sets us apart?
How do I buy NavCoin?
The cheapest way to get NAV is through an exchange.
  1. Buy Bitcoin or Ethereum - for example using LocalBitcoins
  2. Join an exchange such as Poloniex, Bittrex or Binance and transfer your Bitcoins to your account. Some exchanges require verification for trading or withdrawing.
  3. Once there find a NavCoin trading pair (such as BTC-NAV or ETH-NAV) and make a transaction. You set the price you want to pay and how much you want and wait until someone matches that offer.
  4. You now have your NAV! The next step is to send this to your wallet and start staking. Tutorials for setting up a wallet are available here.
Where can I get more information about the project?
How can I reach the team?
If you want to get involved in the community, have development or marketing ideas or need technical assistance it is best to join our Discord-Server.
For other inquiries you can send a mail to [email protected].
How can I involved in the community?
We highly recommend joining our Discord-server to connect with the team and community. Other social media sites you can check out are:
How can I help?
We are always looking for people with skills in development and marketing so please get in contact with the team if you are interested!
submitted by IfaqYurmama to sandkasten4 [link] [comments]

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While currently mining at 5 cents is profitable, after the halving, even large farms will have to pay roughly one BTC to mine one whole coin. Breakeven for Amateur Mining at $10,000 per Bitcoin. When calculating the mining of one BTC, the prediction takes into account possible price fluctuations in various breakeven scenarios. If BTC climbs up ... Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid . The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments ... Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Types of mining farms. To mine cryptocurrency in two ways. The first – alone, that is SOLO. The second is with someone on the pools, that is, as a command (when you connect your power to the network all miners unite and start jointly mining blockchain, the income in this case is divided between all members of the pool equal). Consider the types of farms for Solo mining: Farms assembled from ... Anyone can set up a bitcoin mining website but it would be more beneficial for bitcoin miners. because They may have a plan and knowledge about how to enlarge their mining skills through alternate methods. There are billions of people who are in eager to be a source of bitcoin, so as a bitcoin miner you can serve for people to mine their own bitcoin. So instead of taking this as a small ... This is because large scale Bitcoin ‘mining farms’ started to pop up in which the operators invested a great sum of money to set-up. Once these Bitcoin mining farms started to gain traction, it became very difficult for the solo Bitcoin miners to be able to remain profitable. Many of them ended up switching to different blockchains and some of them closed their solo mining operations ... Bitcoin (BTC), Bitcoin Cash (BCH) & Bitcoin SV (BCH) (November 2018 - December 2019) 2.1 Efficient resource allocation theory. According to Binance Research, the mining allocation problem can be referred to as a problem of efficient resource allocation, from the perspective of participants in the Bitcoin mining industry: SHA-256 (ASIC) miners. The room you keep the whole Bitcoin Gold mining operation would also be a furnace. Even if you built all that, there are people with huge mining farms and much more computing power. You compete against them when you start Bitcoin Gold mining. You have to have amazing luck to stand a chance. There is a solution, though. Miners all over the world ... What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup.Bitcoin mining company HASHR8 just launched its Compass platform, a search engine of sorts for

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Buy Bitcoin, Economic Turmoil, Binance US Listing 30 Coins & Massive Bitcoin Mining Farm

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