Taler is based on blocking technology and Lyra2z algorithm, that is, distributed decentralized crypto currency, which does not have a single emission center and centralized management.
Emission ..................................................... 23 333 333 coins
PoW algorithm .......................................... Lyra2z
Mining Hardware ...................................... CPU, GPU
Block Time ................................................. 5 min
Block Reward ............................................. 50 coins
Halving reward .......................................... OK
Difficulty correction ................................. each block
Мануал по установке кошелька и настройке майнера: https://talercoin.by/koshelyok
*PreMain is gradually dispensed as the starting working capital business ready to accept the coin as payment for their goods and services. All business partners will be added to the Ecosystem Taler. The list of available sites and will be continually updated.
The viability, the integrity of the system Taler, transactions within the system and issue of new coins provided by computer network users Taler. Taler is the money of the new time, but also is a non-profit project in the sense that its creators did not receive direct personal benefit. The creators of the system Taler oriented the cryptocurrency on its use by individuals, as well as Belarusian small and medium businesses.
GREETINGS FROM TEAM TALER:
Welcome the Bitcoin community and Bitcointalk audience! Finally! We did it - launched in the Belarusian cryptocurrency, which we call Taler. Named in honor of the monetary units that circulated in the old Belarusian lands in the "Golden age" of our country - in times of the Grand Duchy and the Commonwealth.
We have created the first in Belarus independent cryptocurrency. Which is able to attract investment capital inflows into the country, thus it will help to develop the private and public business. Introducing instant and virtually free transaction - will facilitate the collection of funds for educational and social programs.
The state of CRYPTOCURRENCY IN the COUNTRY (OFFICIAL data):
Belarus legalized cryptocurrencies and mining taxes.
President of Belarus Alexander Lukashenko 21.12.2017 signed a decree "On the development of the digital economy", the key idea of which is the legalization and support of transactions with cryptocurrencies and mining and blockchain technology at the state level.
The decree permits free crypto-currency trading and its usage in everyday life in Belarus. Individuals will be able to store, exchange, buy, give, bequeath, mine, and exchange for Fiat currency and cryptocurrency tokens. It is thus determined that mining, buying and selling of tokens is carried out by physical persons, not related to business activities. To declare cryptocurrencies and income from operations Belarusians also will not have to.Entities will be able to produce their own tokens through resident companies of the Belarusian Park of high technologies, i.e., to hold the ICO campaign in Belarus, it is enough to find a partner who is a resident of the HTP. Company registration in the country is not required. They will also be able to buy and sell the tokens through a cryptocurrency exchange.
In addition to issues of cryptocurrencies in the decree highlights the provisions that should simplify the work of IT sector in the country. So, the HTP resident-companies are allowed to employ foreign nationals without permission, and the founders and employees of Park residents will be able to enter Belarus without visas. The document establishes a number of tax benefits for the IT company, free from duties the company, which represent promotional opportunities for HTP residents that are expected to facilitate collaboration with Google, Facebook and other companies. To become a resident of HTP, according to the decree, will be able companies involved in training networks, the development of artificial intelligence, cryptocurrency and mining, as well as online advertising and e-sports. HTP resident-companies will be able to perform the following actions associated with the turnover of the token and crypto-currencies:
● to Provide services for organization and holding of the ICO, including promotion and advertising;
● to Organize the crypto currency exchange;
● to Organize cryptogenic;
● to Act as investment funds;
● to Conduct their own ICO.
Over the next five years — until January 1, 2023, in many operations with tokens will not have to pay taxes. So, will not need to pay VAT on the transfer of rights to tokens to other persons (including foreign organizations), income tax when you exchange one token to the other is also not payable. Revenue from exchange are also exempt from taxes. In addition, income of individuals from realization of the permitted operations on the tokens is not subject to income tax from natural persons. The HTP residents are also entitled to the use of smart contracts.
PROMOTION TALER IN BELARUS
The first task is to form around the system "Taler" community, which, in turn, will promote Taler in all spheres of life of Belarusians. Implementation of the Taler in our everyday lives through supported private business loyalty system. In a sense it can be called "mining consumer" because through consumption customers can get award coins Taler. And the more people, the more businesses that connect to the "Taler".And the greater the demand for dollars, because the businesses use the money for charge customers, the higher the rate of the Taler. In turn, the higher the rate, the more the consumer seeks to use the services of those businesses, which he credited talers. So Taler can be a real driver of consumption.
website creators, Taler, official
- community Manager, Navigator resources Taler
🔎the Explorer, blockchain, transaction viewer, wallets network: http://taler-explorer.online
💻Pools Taler - minim here: http://taler-pool.online http://talerpool.by http://tlr.idcray.com/ http://mineme.xyz/ https://fairmine.pro/
📈Exchange Buy/sell Talers for the cryptocurrency: Taler-EX https://taler-ex.online
Uralc P2P https://uralc.pro/exchange/10
Traded pairs: TLTLR BTC/LTC TLDASH TLNVC TLTLR ETC/DOGE etc.
👥Community and support:
- online community Taler. Discussion of coins, the members of the network. A group where you will meet the developers and creators of the Taler. 💠https://t.me/MinerAltCoin
- info about the coin, the news aggregator. 💵https://t.me/TLRBusiness
channel for the implementation of business Taler. 💵http://t.me/TLRobmen
channel for the exchange/selling of goods for the Money. 🔧https://t.me/MinerTalerChat-
responsive miners Taler always tell you how to set up the equipment for mining.
I've done a little bit of research into these coins because the basic goal is pretty neat: Long-term they aim to be energy enefficient, meaning less power consumption to secure the network. While this might not seem like a very important goal, if you think about bitcoin becoming mainstream and generating a trillion dollar market cap, with billions of dollars in fees, the cost of the bitcoin network becomes roughly equal to the cost of electricity in relation to fees (meaning mining would cause a significant increase in power consumption world wide, making electricity more expensive and slowing down the economy).
The way proof of stake solves this is by "burning" coin days to mine a proof of stake block. While I'm not entirely sure how this would work (would you need lots of coins to mine PoS, would you donate coins to a pool with others to mine PoS?) what this means is that the cost of a 51% attack is roughly equal to half of the coin stake that's being donated to secure the network, offsetting the cost of hardware/electricity to the value of the coin itself.
The problem with PoS is the question of how do you distribute the innitial amount of coins in the network? While both NVC and PPC promiss about 1% inflation per year as your "reward" for mining you can't start at 0 coins because you can't generate 1% of 0. So the way NVC and PPC solved this is by distributing an initial base of coins through traditional proof of work mining. Except instead of using a planed, known release schedule like BTC/LTC, they released coins as a function of hashing power where more hashing power = less coins per block. Bassically when there were only one or two miners during the first couple days of the release they were generating thousands of times as many coins amoung themselves as later miners would get. This is different from BTC/LTC because no matter how many people are mining, the block reward for BTC/LTC remains the same. PPC/NVC on the other hand respond to additional miners by dramatically reducing the block reward so that a majority of the total number of coins that will ever be produced were mined by the first couple miners.
The theory here I think is that more miners means more electricity consumption so to compensate, the amount of coins generated decreases, removing any incentive for more miners to join the network.
I, like many others, see this as incredibly unfair and in fact early NVC miners were forced to "destroy" coins because people saw it as a premine. You can see this premine of PPC here: http://i.imgur.com/K2B8UKq.jpg
(from AndyRossy's PPC Charts
The actual code / methodology for the mining process, while realtively easy to find for NVC, required a bit of digging before I could make sense of PPC's algorithm. NVC:
nBlockReward = 100 / (nMaxTarget / nCurrentTarget) ^ (1/6)
Roughly understood to be reward = 100 / (difficulty ^ 1/6)
Source: NVC faq and generous, well explained comments in the source code.
blockReward = 9999 / (bnProofOfWorkLimit / bnTarget) ^ (1/4)
Roughly understood to be reward = 9999 / (diffificulty ^ 1/4)
Source: Poking around in obscuficated code that looked similar enough to NVC's to make sense of. PPC appears to attempt to hide the specifics of their block reward algorithm while NVC, despite being bassed on PPC's code, is very open about it, even posting an explanation in their FAQ.
For comparison, BTC's block reward algorithm looks like this:
blockValue = 50 / 2 ^ (nHeight / 210000)
Where 210000 blocks is roughly 4 years.
Another difference is instead of adding fees to the block reward, PPC/NVC simply destroy transaction fees. This is enforced by the network to be 0.01, not by the market / miners, regauradless of the size of your transaction, reguardless how old your coins are, reguardless how much the coin is actually worth, the fee is always 0.01 (although I assume devs can adjust this in the future).
Because of their honesty I would probably trust NVC before trusting PPC, although I think both coins are misguided and potentially scams. Had they used scheduled releases like BTC/LTC the story might be a little different. The problem of course is that PoS only really kicks in after PoW (proof of work) making PoS mostly inactive until the coin actually matured. Meaning you'd either be stuck with a premined coin or a coin that wont use PoS until years into the future. If someone can figure out a way to mint a PoS coin without a premine it might be worth while.
Also one other thing that was pointed out to me recently is that it would be fairly trivial for bitcoin (or any other coin) to add PoS if it were deamed necesary in the future. Granted most people would probably be against it but if it were shown to have actual benefits it could be easily added.
- Proof-of-Stake attempts to secure the coin from 51% attacks by adding stake blocks which "burn" coins in the process.
- The main benefit of this is reduced power consumption.
- All current PoS coins are pre-mined and pre-mining is basically built into the code and is required for initial minting.
- Fees, which are hard enforced by the network, are simply destroyed (for no good reason as far as I can tell).
- For what it's worth NVC appears to be a more honest coin than PPC which attempted to obfuscate their minting process. NVC devs also destroyed a lot of their coins from early minting whereas PPC devs still have their coins (which were being minted at 2,000,000 per day).
- It would be very easy for BTC/LTC/TRC or any other PoW (proof-of-work) coin to add PoS in the future if it were found to have actual benefit for cryptocurrencies.
Hi guys, like a lot of you I've been following many coins of late including Doge, Kitteh, Memory etc etc. I became interested in Auroracoin when I learned of it last week. I don't have the strongest of mining equipment but looked to gain around 1 Aurora a day at the time when I started. Then of course the interest in Auroracoin took off after being placed on coinmarketcap. I didn't manage to earn enough for a payout and now i'm stuck with 0.7 in the mining account and the miner keeps going on and offline, plus with network difficulty constantly increasing exponentially I could be mining until kingdom come to get just 1 coin. But I'll be happy to just get one coin so i'm asking if anyone out there is willing to help by donating 0.3 of a coin to me and I can cash in what I've managed to earn. submitted by
I would happily buy Aurora coin with normal currency but there is no means to do so at present other than over inflated prices on the likes of Ebay and I don't have any BTC to convert to Aurora on Crypto Rush or Poloniex.
I can understand why a lot of people will read this and think why should I! But for anyone willing to help thank you so much, your generosity is greatly appreciated. I missed the whole Bitcoin rush so this is a chance just to make a small difference in life hopefully if Auroracoin takes off.
What is current payout of ether mining compared by bitcoin mining in terms of usd per unit of electricity/time?Can hardware designed for bitcoin can be used for ether with same efficiency? I ask this in particular due to bitcoin halfing of 25 USD per block which as I understand is due to happen in nearest future to es . trending; Bitcoin Vs Ethereum Mining Difficulty Ethereum . Bitcoin Vs ... Also remember that this is only estimation. Results may differ because of many factors: network hashrate, calculation of the average mining difficulty, pool luck, orphan block, coin value change, individual cards performance etc. Cryptocurrency mining pool for beginners and professionals. Regular payments, tutorials, reliable servers, rig monitoring. Solo mining is also available for all coins. The Novacoin difficulty chart provides the current Novacoin difficulty (NVC diff) target as well as a historical data graph visualizing Novacoin mining difficulty chart values with NVC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time Based the mining hardware inputs provided, 16.45672716 Novacoin can be mined per day with a Novacoin mining hashrate of 2,200,000.00 KH/s, a block reward of 4.89400570233199 NVC, and a Novacoin difficulty of 13,161.26. After deducting mining power costs and mining fees, the final daily Novacoin mining profit is ($5.01) Novacoin to USD.
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