Mining with ASICs 99 Bitcoins

The next XVG? Microcap 100x potential actually supported by fundamentals!

What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why:
Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network.
The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership.
The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI.
ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil.
Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets.
100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”.
Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy.
I am super bullish on this coin for the following reasons:
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to.
This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
  1. A https://www.vice.com/en_us/article/d35eax/amazon-bitcoin-patent-data-stream-identify-cryptocurrency-for-law-enforcement-government
  2. B https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
  3. C https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up
  4. D https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc
  5. E https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins
  6. F https://www.youtube.com/channel/UCWkTxl5Z6DNN0ASMRxSKV5g
  7. G http://epic.tech/whitepaper
  8. H https://medium.com/epic-cash/epic-cash-on-uniswap-22447904d375
  9. I https://epic.tech/wp-content/uploads/2019/09/figure-3.1.jpg
Links:
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[PLEASE READ] ZClassic > BitcoinPrivate Snapshot/Fork Frequently Asked Questions (FAQ) MEGATHREAD 2.0

I’ve been seeing a lot of repeated questions being asked every day so an updated FAQ/Megathread to address all of those questions will be detailed here. If we are missing something, please feel free to let us know and we will add it. We will try to edit this posting as more information becomes available.
Keep in mind the official Bitcoin Private Support portal has now been launched. We have a live chat feature to chat with support, as well as a knowledge base. Please visit the portal at support.btcprivate.org and use the knowledge base’s search function before asking other users.
Snapshot/Fork FAQ
Claiming BTCP Coins
BTCP/ZCL Exchange and Wallet Support
Donations and Contributions program
BTCP Mining
Wallet Troubleshooting
Miscellaneous/BTCP Project Questions
Donate towards the BTCP contribution team, Your donations are 100% voluntary but they are much appreciated!
ZCL: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
BTC: 14Xmfm9jf4h1h4RXZBQCFK6i4LWibqWVPu
LTC: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BTCP Related Important Links
For the official list of links from the BTCP Github, refer to the repo.
Just a re-iteration, the BTCP team has launched the support portal offering resources ranging from live support from our teams, as well as a knowledge base that is constantly being updated. https://support.btcprivate.org Again, please feel free to let me know any questions that’s not currently listed above and we will do our best to answer and include it in the megathread.
submitted by BestServerNA to ZClassic [link] [comments]

[PLEASE READ] ZClassic > BitcoinPrivate Snapshot/Fork Frequently Asked Questions (FAQ) MEGATHREAD 2.0

I’ve been seeing a lot of repeated questions being asked every day so an updated FAQ/Megathread to address all of those questions will be detailed here. If we are missing something, please feel free to let us know and we will add it. We will try to edit this posting as more information becomes available.
Keep in mind the official Bitcoin Private Support portal has now been launched. We have a live chat feature to chat with support, as well as a knowledge base. Please visit the portal at support.btcprivate.org and use the knowledge base’s search function before asking other users.
Snapshot/Fork FAQ
Claiming BTCP Coins
BTCP/ZCL Exchange and Wallet Support
Donations and Contributions program
BTCP Mining
Wallet Troubleshooting
Miscellaneous/BTCP Project Questions
Donate towards the BTCP contribution team, Your donations are 100% voluntary but they are much appreciated!
ZCL: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
BTC: 14Xmfm9jf4h1h4RXZBQCFK6i4LWibqWVPu
LTC: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BTCP Related Important Links
For the official list of links from the BTCP Github, refer to the repo.
Just a re-iteration, the BTCP team has launched the support portal offering resources ranging from live support from our teams, as well as a knowledge base that is constantly being updated. https://support.btcprivate.org Again, please feel free to let me know any questions that’s not currently listed above and we will do our best to answer and include it in the megathread.
submitted by BestServerNA to BitcoinPrivate [link] [comments]

[PLEASE READ] ZClassic –> BitcoinPrivate Snapshot/Fork Frequently Asked Questions MEGATHREAD 2.0

I’ve been seeing a lot of repeated questions being asked every day so an updated FAQ/Megathread to address all of those questions will be detailed here. If we are missing something, please feel free to let us know and we will add it. We will try to edit this posting as more information becomes available.
Keep in mind the official BitcoinPrivate Support portal has now been launched. We have a live chat feature to chat with support, as well as a knowledge base. Please visit the portal at support.btcprivate.org and use the knowledge base’s search function before asking other users.
Snapshot/Fork FAQ
Claiming BTCP Coins
BTCP/ZCL Exchange and Wallet Support
Donations and Contributions program
BTCP Mining
Wallet Troubleshooting
Miscellaneous/BTCP Project Questions
Donate to the contribution team:
ZCL: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
BTC: 1CqSD9rxdQnKEwzqqbLwpgwCeQikFCifPj
LTC: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BCH: 1MxJteinBWHMUibDxADujrgzXfX1LeVZKN
BTCP Related Important Links
For the official list of links from the BTCP Github, refer to the repo.
Again, please feel free to let me know any questions that’s not currently listed above and we will do our best to answer and include it in the megathread.
submitted by BestServerNA to u/BestServerNA [link] [comments]

How to Deposit Bitcoin To Binance Sinhala Binance Tutorial deutsch - Anleitung zum Kaufen und ... How To Trade Bitcoins For Other Altcoins/Cryptocurrency On Binance BINANCE POOL WHAT IS AND COULD BE - PERSONAL REVIEW How to buy ALT coins on Binance? - Tutorial / Crypto News How to Mine Litecoin, Monero, Bytecoin & More With Your GPU & CPU (Easy Gamified Mining) Bitcoin mining tutorial of Binance Pool #Binance Pool # ... Binance Exchange Tutorial How to Buy Cryptocurrency on Binance Binance US Adds New Coins, Bittrex Halts Service, Bitcoin Breakout & Crazy Bitcoin Prediction Binance para iniciantes - veja como usar essa exchange de ...

So, what is Bitcoin mining pool? Think of Bitcoin mining pools as large Bitcoin farms. Lots of miners combine the power of their Bitcoin mining hardware. They also split the Bitcoin reward that they receive. Imagine this: you’re in a Bitcoin mining pool. Your computer power is 2% of the total power in the mining pool. If your mining pool wins ... In cryptocurrency mining the most favorite cryptocurrency to mine is Bitcoin and the process by which new bitcoins are produced by solving complex mathematical problems with the help of bitcoin mining hardware like ASIC run by bitcoin mining software like CGMiner, MultiMiner is known as bitcoin mining. Mining with ASICs is very similar to mining with GPUs with a few exceptions. Getting started follows the same course as GPU mining. Follow the steps on the “How to mine Bitcoins” page to set up your personal wallet as well as your account with a mining pool of your choice. The primary difference is that you will have to use different mining software with ASICs as GUI Miner does not have ... Lohnt sich Bitcoin-Mining? Dies ist eine einfache Frage mit einer komplexen Antwort. Es gibt ein paar verschiedene Faktoren, die beeinflussen, ob sich Bitcoin-Mining für Sie lohnt oder nicht. Selbst mit dem steigenden Bitcoin-Preis können die Einrichtungsgebühren und Stromkosten die Einnahmen überwiegen, die Sie durch das Mining erzielen würden. Die Hauptfaktoren, die sich auf Ihren ... Ein ASIC ist ein Chip mit einer elektronischen Schaltung, der nur für eine ganz bestimmte Arbeit hergestellt wird. Anders als FPGA's können ASIC's keine anderen Arbeiten ausführen ; en bzw. schürfen kannst. Neben Bitcoin wird auch die Kryptowährung Ethereum immer beliebter und gehört zu den beliebtesten digitalen Währungen. Mit MinerGate kann. Bitcoin Mining ist ein Prozess, bei dem ... Right now crypto market is hot and mining is sure profitable but you should always invest more wisely. hope this post helps you to get what suits you best whether it is a ASIC miner or a GPU miner. Tags 1080ti , AMD , Antminer S9 , BCH , bitcoin , litecoin , mining , most profitable miner , Nvidia , RX480 , temprature comparison , what to buy Post navigation ASIC Mining; ASIC ist die Abkürzung für Application-Specific Integrated Circuit. Es handelt sich um einen Mikrochip, der so konzipiert ist, dass er den Hashing-Algorithmus möglichst schnell ausführt. Es hat die Fähigkeit Berechnungen viel schneller auszuführen als die beste CPU. Coins wie Bitcoin und Litecoin basieren zum Beispiel auf ... To use ASIC miner for bitcoin mining, the first thing we need to consider is the price of electricity, because ASIC miners consume a lot of electricity. If mining is performed in an environment where electricity prices are expensive, there may be risks and losses. However, if we mining with cheap electricity we will get considerable profit. Many places can be mining with cheap electricity in ... How to Mine Bitcoin in a Pool: Tutorial. So, you probably want to start mining Bitcoin already? There are a few things that you must have before you begin: At least one ASIC Bitcoin mining rig. A mining application. A digital wallet to store the Bitcoin you make. Ventilation equipment – fans, ducting (only for larger operations). Membership ... GPU Mining; GPU stands for Graphics Processing Unit. It is also called a graphics card. It is not as powerful as ASIC, but it can be used more flexibly. The GPU can work much faster than the CPU. To mine Bitcoin, you must have at least one graphics card on your computer. CPU Mining; When Bitcoin was introduced, CPU mining was the only way to ...

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How to Deposit Bitcoin To Binance Sinhala

This is a step by step tutorial how to buy ALT coins on Binance. They have opend their doors for new customers and I Think their the best of the lot. Luno ex... With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used. Binance para iniciantes - veja como usar essa exchange de Bitcoin! Tutorial 2019/2020 - Link: https://cryptotchaps.com/link/binance • Binance: https://crypto... Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k... Binance Exchange Tutorial How to Buy Cryptocurrency on Binance ... You are being LIED TO about BITCOIN 🚨DON'T BE FOOLED! Cuban Gates O'Leary conspire against crypto - Duration: 13:24. FUD TV ... This is an educational video on Bitcoin mining of Binance Pool, I hope you'll enjoy it . If this video has helped answer some of your questions about binance... Buy Bitcoin, Economic Turmoil, Binance US Listing 30 Coins & Massive Bitcoin Mining Farm ... TUTORIAL FOR BEGINNER ! - Duration: 24:45. CryptoZ 128 views. 24:45. Trading vs. Investing is made ... Binance cryptocurrency bitcoin NEO Ethereum Litcoin GAS LISK Bytecoin Ark Dash Monero Ripple Dogecoin Ark Verge This is not financial advice. This is my opinion. Do your own research. With any ... As a company I love BINANCE, how they have been performing no matter what type of market they are in, bull market, bear market, sideways, you name it and their token BNB and Exchanges has been ... Bitcoin Sinhala Tutorials: https://bitcoinsinhala.com අද video එකෙන් කතා කරන්නෙ binance exchange එකට කොහොමද bitcoin deposit කරන්නෙ ...

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