5 Best Bitcoin Mining Hardware ASIC Machines (2020 Rigs)

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

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

Numbers on the screen or how digital payment systems make the market fair?

Numbers on the screen or how digital payment systems make the market fair?

https://preview.redd.it/6m1gp2mvotx41.png?width=1160&format=png&auto=webp&s=a83f0346d8008c17968d6a240cfba8fe3fe4e2aa
Continuing the trend of practicality characteristic of the XXI century, paper money is gradually disappearing from our lives, giving way to more practical digital storage. However, the digitized banking that we now use every day is still far from perfect. For starters, it is completely controlled by third parties. No one owns the numbers they see on the screen — control is entirely owned by third parties, such as banks.
Banks create money out of thin air, and credit is a prime example of this. Money is no longer printed when someone takes out an overdraft or mortgage-it is simply created out of nothing. Moreover, these banks charge disproportionately high fees for the services they provide, and these services are outdated and impractical today.
For example, it is impractical to pay a Commission to spend your money abroad, as it is impractical to wait a few days to verify the transfer of a small amount from You to your relative. All this makes no sense in the interconnected and instantaneous world in which We live today.
Thus, the monetary system has ceased to be practical, it is replaced by a higher form of value storage. In this particular case, it is replaced by a faster and safer system that eliminates expensive operations and gives control to the person.
https://i.redd.it/quc2bgmxotx41.gif
Money that you have in your Bank account can be considered a virtual currency since it does not have a physical form and exists only in the Bank book. If they lose the book, your money will simply disappear. These are just numbers that you see on the screen. The numbers are stored on the hard drives of Bank servers.

https://i.redd.it/4nvhydtzotx41.gif
Do you open a regular app and think you have money? They are just bytes of the computer system. Today’s global payment infrastructure moves money from one payment system to another through a series of internal Deposit transfers between financial institutions. Since these transfers occur in different systems with a low level of coordination, the calculation of funds is slow, often 3–5 days, capturing liquidity.

How do payments work?

When you make a money transfer, for example, from your Bank card to the Bank card of a friend or acquaintance, you see an instant transfer, so to speak, moving numbers from you to the Recipient. For the user, the transfer is carried out instantly, and the exchange of obligations between the participants of the process takes place within 3–7 days, the User does not know about it and hardly ever thinks about it.

https://preview.redd.it/rl4aai81ptx41.png?width=1400&format=png&auto=webp&s=cdfa10f0d68442aac84c14e3bae5a52e92651878
When you make a payment at a supermarket or any other point of sale, at the time of payment, information from the POS-terminal is sent to the acquiring Bank — then the acquiring Bank sends a request that passes through the payment system (Visa or MasterCard) and then transmitted to Your Bank, which confirms the operation. At this point, there is no write-off of funds. The funds are temporarily held, and the actual withdrawal will take place within a few days, the maximum processing time is up to 30 days.
https://i.redd.it/8njxgxq2ptx41.gif

Currency transactions and payments abroad

You may have noticed that after making a transaction in a different currency, such as yen or dirhams, or any other currency that differs from the currency of your account or buying an item abroad, the amount charged may differ from the amount that was reflected immediately after payment.

Why is this happening?

As soon As you have made a transaction with Your Bank card — the local Bank transfers the information to the payment system: Visa or MasterCard — the payment system converts the currency used into the billing currency.
Billing currency — the currency that will be used for payment with the payment system by your Bank that issued the card. For the US, the billing currency is the dollar, in Europe — the Euro.
The billing currency may also differ depending on the issuing Bank — the Bank that issued your debit card. For example, some banks use the billing currency — Euro when making payments with MasterCard cards in the United States, which will lead to additional costs when converting euros into dollars.
If the payment is in other currencies, the payment scheme will become more complicated and, accordingly, its cost will be more expensive. The transfer rate from one settlement currency to another is set by the payment system: Visa and MasterCard.
If the currency of your Bankcard is the same as the currency of the payment system, the payment will take place without additional operations. For example, You have a dollar card, you make a payment in dollars in the United States, and if you make a payment with a dollar card in Europe, your Bank will convert the amount at its exchange rate, which will lead to additional costs. There are exceptions, some European banks can use dollars for settlements, but this is more an exception than a rule.
Also, if, for example, you pay for purchases in China using a Bank card in euros, then double conversion is inevitable.
Thus, payment in dollars is universal all over the world, except for the European Union countries. The dollar is a global currency and is therefore often used for binding in international settlements.
Now we understand that due to differences in the account currency and the differences in the VISA or MasterCard payment system, additional conversions may occur, which will lead to additional bank fees. as a result, the actual payment amount will differ from the amount debited from your card.
In addition to paying for conversion in the payment system and paying for currency conversion in your Bank, some banks charge an additional fee for conducting a cross-border transaction.

Where do we lose money when making debit card payments?


https://i.redd.it/tykhrd56ptx41.gif
  1. Currency conversion by the payment system;
  2. Euro-Dollar, or in the case of processing payment via MasterCard in Turkey, Turkish lira-Euro and additional conversion on the side of the issuing Bank (your Bank) Euro — Dollar.
  3. Currency conversion by an acquiring bank;
  4. The difference between the exchange rate on the purchase date and the write-off date. We purchased at a rate of 0.91 euros per dollar, and the write-off occurred at a rate of 0.94 euros per dollar.
  5. A large number of currency conversions.
  6. The greater the number of them, the more we will lose when buying. For example, when paying in the UAE or China, buying a product for the local currency, we understand that the number of conversions increases several times.
If we touch on the topic of international translations, we will encounter additional nuances:
  • This is the payment processing time. International payments can be processed within 3–5 days, as mentioned above, which in our dynamic time — it interferes with the comfortable use of the system.
  • Restrictions on the amounts;
  • Possible requirements for certain documentation for payment confirmation;
  • Additional fees and commissions, sometimes hidden fees.
It is not always possible to make a transfer quickly and when necessary due to these restrictions. All this confirms the complexity of the operations and additional commissions that the user pays.

Сryptocurrency exchanges

And now back to the numbers on the screen, this topic affects not only banks but also centralized cryptocurrency exchanges:
  • You top up your Deposit on the exchange in cryptocurrency-then you use numbers inside the exchange, and real funds are most often stored on “cold storage” for which administrators or other responsible persons are responsible.
  • Only when you make a withdrawal from the exchange to your wallet-you are sent real funds (tokens or cryptocurrency).
The same applies to centralized applications and online services that deal with cryptocurrencies:
There are many services, both online and apps, that are centralized, regardless of what they will be called: Bitcoin wallet or bitcoin exchange. This means that when you add funds to an account in such a wallet, the funds are stored on the developecompany’s side. In simple words, all your funds are stored in the wallets of the system’s creators.
If you use a centralized app, you have a risk of losing funds. Although the application is called cryptocurrency, it does not affect its main principles — it is decentralization.
In other words, using systems where there is a Central authority, especially in the cryptocurrency market — the risk increases, so we recommend using decentralized systems for storing currency to reduce risks to a minimum.
Decentralization is the process of redistributing, dispersing functions, forces, power, people, or things from a Central location or governing body. Centralization is a condition in which the right to make the most important decisions remains with the highest levels of management.

Peer-to-peer payment systems

The opposite and standard of security and independence are peer-to-peer payment systems. Using the application-level network Protocol, clients running on multiple computers connect to form a peer-to-peer network.

https://preview.redd.it/ojcg4fz7ptx41.png?width=601&format=png&auto=webp&s=6cc81d1617b0cb64a3f5c7cc6d06a78354386f8c
There are no dedicated servers in such a network, and each node is both a client and performs server functions. In contrast to the client-server architecture, this organization allows you to maintain the network operability with any number and any combination of available nodes. All nodes are members of the network.

https://preview.redd.it/npttc3a9ptx41.png?width=1000&format=png&auto=webp&s=0f2dee1e5b19436a847dca96e2b3b7f22b801b57
Tkeycoin is a decentralized peer-to-peer payment system based on p2p principles and the concept of electronic cash. P2P technology is a fairer means of mutual settlements between users and companies around the world. Modern payment systems are imperfect and may depend on the will of high-ranking officials.
The main goal of Tkeycoin is to create universal products that will make financial transactions more accessible, profitable and secure.

https://i.redd.it/gk6j0m9bptx41.gif

What do decentralized systems protect against?

Using decentralized tools, for example, a local Tkeycoin wallet or a Multi-currency blockchain tkeyspace wallet — Your funds belong only to You and only You can use them, which eliminates the risks of third-party bankruptcy, and such a decentralized architecture can also protect against natural disasters. Given that there is no central server that can be damaged in a natural disaster, the system can work even if there are 2 nodes.

https://i.redd.it/sb6i2ladptx41.gif
In addition to force majeure situations, you protect your funds from theft and any sanctions from third parties-in our time, this is very important. The owner of Tkeycoin does not need Bank branches, does not need additional verifications, and does not need permission to use, transfer, or even transport Tkeycoin. You can easily carry $1 million worth of Tkeycoin in your pocket and even in theory not know any troubles.

https://preview.redd.it/uvw9vfyeptx41.png?width=1400&format=png&auto=webp&s=14b89acca3568fdc5eb82d986aaa2710219ced91
Besides, it is extremely convenient and safe to store even multibillion-dollar capital in Tkeycoin. Imagine that you have a lot, a lot of money, and you need a safe place to store it. Where do you apply? Of course, the Swiss Bank, Yes, but it can easily freeze your accounts and you can easily lose your savings. In recent years, many banks are actively fighting against gray non-cash funds (including offshore ones), and every month more and more legal proceedings are organized on this basis.

https://preview.redd.it/vodiuq5gptx41.png?width=1400&format=png&auto=webp&s=31ab44da4431b0159ef1213db7e37c6fd92d5b0a
The fact is that serious money, for the most part, has a gray tinge, and only a tiny fraction of billions and millions are clean for the law. That is why their owners are often called to court, subjected to pressure, forced to leave the country, and so on. If your money is stored in Tkeycoin, you will not be subjected to such pressure and will avoid the lion’s share of troubles that usually accompany accounts with many zeros.
Using peer-to-peer systems — you will not be called by a Bank Manager and require documents or a fraudster who asks for Your card number and SMS for confirmation. This is simply not the case, wallets are encrypted, and using different addresses guarantees privacy.
As for fees for transfers, there are no Visa or Mastercard payment systems, as well as additional fees that we discussed above.

How are payments made in the Tkeycoin peer-to-peer payment system?


https://i.redd.it/9ftct10iptx41.gif
As soon as you sign a transaction, it is sent to the blockchain and the miners are engaged in its confirmation, for which they take a symbolic Commission. Let’s look at an example, the key rate is $1, the transfer fee will be 0.00001970 TKEY or 0.00000174 TKEY.
0.00001970 TKEY=$0.00001970 0.00000174 TKEY=$0.00000174
Accordingly, commissions are almost zero. In Europe, on average, you will pay $15–20 for a small Bank transfer.
For example, now sending 1 million dollars to BTC, You will pay a Commission in the area of ≈3–8 dollars. Just think, 1 million dollars, without restrictions, risks, and sanctions, and most importantly, the transaction will be the available day today, and you paid an average of ≈5 dollars for the transfer.

Transactions in the Tkeycoin blockchain

Now let’s touch on the topic of how a transaction in the blockchain goes. Once you have sent a transaction, it will be available to the Recipient. The transaction takes place instantly and the User sees not” numbers on the screen”, but real funds-cryptocurrency. This is very convenient when you make any transactions and the Recipient needs to make sure that the payment came.
In the full node-there is a choice of confirmation blocks — this is the amount after which you can use the received cryptocurrency. When sending, you can select the number of confirmations:
• 2 blocks≈10 minutes • 4 block≈40 minutes • 6 blocks≈60 minutes • 12 blocks≈120 minutes • 24 blocks≈4 hours • 48 blocks≈8 hours • 144 blocks≈24 hours • 504 blocks≈3 days • 1008 blocks≈7 days
As we can see, you can also set a weekly confirmation if necessary. The minimum recommended number is 3 blocks. by default, the full node (local wallet) has 6 blocks installed. The presence of this number of confirmations ensures that Your block will not be forged and will be accepted by the network.
Each new transaction that receives network approval is sent to mempool, where it waits for miners to confirm it. When a miner takes a transaction to include it in the next block, it automatically receives the first confirmation.

Generating blocks in the TKEY network

A block in the TKEY network is generated within 6–10 minutes. the network automatically corrects the complexity and time of block formation. Thousands of transactions or a single transaction can be placed in a block.

https://i.redd.it/f9d17k8uptx41.gif
Transactions work faster in the TKEYSPACE app because we have already enabled new algorithms and this is now the fastest and most convenient way to exchange various digital currencies.

https://preview.redd.it/nnz5krdvptx41.png?width=1400&format=png&auto=webp&s=fee452ae6389c8f46d97357777193ed2b10bc4bc
Anyway, using the full node is also one of the safest ways to store and send Tkeycoin cryptocurrency, and most importantly, the full node stores a full copy of the entire blockchain, which benefits the network and provides protection from information forgery.
The more popular the project becomes, the more load is placed on the network itself. For example, 10,000 transactions passed in one block that was processed quickly, while the other 10–20 transactions in another block hung for a longer time, so temporary “pits” may appear. To deal with them, we are working on implementing additional chains-separate chains that are created for cross-transactions, which ensures fast payments under heavy load.
For the global system — we get a shipment around the world in 6–10 minutes, in cross-chains in 10 seconds. In comparison with the global payment system, which processes cross — border payments within 3–5 days, this is a huge advantage. If we add liquidity to this, we will get a perfect payment system.
https://preview.redd.it/2d0uu4gxptx41.png?width=1200&format=png&auto=webp&s=ae5f2f0bc8b7c7dedd1814eb32e97092a6330c3a
Also, you should not forget that if you did not sync with the network and sent a transaction, the transaction may hang in its memory pool and you will have to perform several actions to solve this situation. Here we must understand that syncing with the network is an important point because if you have a connection failure in the Internet Bank, the payment will also not be processed. After all, it will not be sent to a specialist for confirmation.
If you are currently experiencing any delays with transactions, this is due to the transition of CPU mining to GPU, as soon as miners switch to new mining methods, the confirmation of blocks will be consistently fast.
In conclusion: blockchain is a new technology and many terms, concepts and how it all works are still difficult for many to understand and this is normal from innovation.
In many countries, the word cryptocurrency and blockchain are synonymous and no one wants to understand the reality, most people believe that if the blockchain, it means it is related to trading on the cryptocurrency exchange. No one thinks about the real usefulness of certain solutions that will become commonplace for Us in the future.
For example, the Internet banking system dates back to the ’80s of the last century, when the Home Banking system was created in the United States. This system allowed depositors to check their accounts by connecting to the Bank’s computer via their phone. In the future, as the Internet and Internet technologies develop, banks are beginning to introduce systems that allow depositors to get information about their accounts via the Internet. For the first time, the service of transferring funds from accounts was introduced in 1994 in the United States by the Stanford Federal Credit Union, and in 1995 the first virtual Bank was created — Security First Network Bank. But, to the disappointment of the founders of the project, it failed because of strong distrust from potential customers, who, at that time, did not trust such an innovation.
Only in 2001, Bank of America became the first among all banks that provide e-banking services, the whole user base for this service exceeded 2 million customers. At that time, this figure was about 20 % of all Bank customers. And in October of the same year, 2001, and the same Bank of America took the bar in 3 million money transfers made using online banking services for a total amount of more than 1 billion US dollars. Currently, in Western Europe and America, more than 50% of the entire adult population uses e-banking services, and this figure reaches 90% among adult Internet users.
Life changes, and in the bustle of everyday work — we do not even notice how quickly all processes change.
We are experiencing a technological revolution that is inevitable.

https://i.redd.it/afcfj3rzptx41.gif
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Nvidia (NYSE:NVDA) Fundamental Analysis: Thoughts?

I sat down and analyzed my first stock recently (per the title, I chose to do a fundamental analysis on Nvidia). I would love other user opinions on the analysis. Point out any flaws in logic; it would help me learn this process! My background is in ComputeElectrical Engineering, so I chose to analyze Nvidia since I can grasp the CPU/GPU/computing market the easiest. Also, the company's recent increase in the market intrigues me.
Please let me know your opinions!

Important things to note:
Qualitative Fundamental Analysis:
Quantitative Fundamental Analysis:

If you have made it this far to the bottom, thank you for the read! I hope you found this helpful. Please leave your thoughts, opinions, and recommendations on the analysis and the stock itself. Also, I am nowhere close to a financial adviser, so do not take this analysis as investment advice. I am merely trying to present and consolidate the information I have found.
submitted by nuccom to stocks [link] [comments]

Searching for the Unicorn Cryptocurrency

Searching for the Unicorn Cryptocurrency
For someone first starting out as a cryptocurrency investor, finding a trustworthy manual for screening a cryptocurrency’s merits is nonexistent as we are still in the early, Wild West days of the cryptocurrency market. One would need to become deeply familiar with the inner workings of blockchain to be able to perform the bare minimum due diligence.
One might believe, over time, that finding the perfect cryptocurrency may be nothing short of futile. If a cryptocurrency purports infinite scalability, then it is probably either lightweight with limited features or it is highly centralized among a limited number of nodes that perform consensus services especially Proof of Stake or Delegated Proof of Stake. Similarly, a cryptocurrency that purports comprehensive privacy may have technical obstacles to overcome if it aims to expand its applications such as in smart contracts. The bottom line is that it is extremely difficult for a cryptocurrency to have all important features jam-packed into itself.
The cryptocurrency space is stuck in the era of the “dial-up internet” in a manner of speaking. Currently blockchain can’t scale – not without certain tradeoffs – and it hasn’t fully resolved certain intractable issues such as user-unfriendly long addresses and how the blockchain size is forever increasing to name two.
In other words, we haven’t found the ultimate cryptocurrency. That is, we haven’t found the mystical unicorn cryptocurrency that ushers the era of decentralization while eschewing all the limitations of traditional blockchain systems.
“But wait – what about Ethereum once it implements sharding?”
“Wouldn’t IOTA be able to scale infinitely with smart contracts through its Qubic offering?”
“Isn’t Dash capable of having privacy, smart contracts, and instantaneous transactions?”
Those thoughts and comments may come from cryptocurrency investors who have done their research. It is natural for the informed investors to invest in projects that are believed to bring cutting edge technological transformation to blockchain. Sooner or later, the sinking realization will hit that any variation of the current blockchain technology will always likely have certain limitations.
Let us pretend that there indeed exists a unicorn cryptocurrency somewhere that may or may not be here yet. What would it look like, exactly? Let us set the 5 criteria of the unicorn cryptocurrency:
Unicorn Criteria
(1) Perfectly solves the blockchain trilemma:
o Infinite scalability
o Full security
o Full decentralization
(2) Zero or minimal transaction fee
(3) Full privacy
(4) Full smart contract capabilities
(5) Fair distribution and fair governance
For each of the above 5 criteria, there would not be any middle ground. For example, a cryptocurrency with just an in-protocol mixer would not be considered as having full privacy. As another example, an Initial Coin Offering (ICO) may possibly violate criterion (5) since with an ICO the distribution and governance are often heavily favored towards an oligarchy – this in turn would defy the spirit of decentralization that Bitcoin was found on.
There is no cryptocurrency currently that fits the above profile of the unicorn cryptocurrency. Let us examine an arbitrary list of highly hyped cryptocurrencies that meet the above list at least partially. The following list is by no means comprehensive but may be a sufficient sampling of various blockchain implementations:
Bitcoin (BTC)
Bitcoin is the very first and the best known cryptocurrency that started it all. While Bitcoin is generally considered extremely secure, it suffers from mining centralization to a degree. Bitcoin is not anonymous, lacks smart contracts, and most worrisomely, can only do about 7 transactions per seconds (TPS). Bitcoin is not the unicorn notwithstanding all the Bitcoin maximalists.
Ethereum (ETH)
Ethereum is widely considered the gold standard of smart contracts aside from its scalability problem. Sharding as part of Casper’s release is generally considered to be the solution to Ethereum’s scalability problem.
The goal of sharding is to split up validating responsibilities among various groups or shards. Ethereum’s sharding comes down to duplicating the existing blockchain architecture and sharing a token. This does not solve the core issue and simply kicks the can further down the road. After all, full nodes still need to exist one way or another.
Ethereum’s blockchain size problem is also an issue as will be explained more later in this article.
As a result, Ethereum is not the unicorn due to its incomplete approach to scalability and, to a degree, security.
Dash
Dash’s masternodes are widely considered to be centralized due to their high funding requirements, and there are accounts of a pre-mine in the beginning. Dash is not the unicorn due to its questionable decentralization.
Nano
Nano boasts rightfully for its instant, free transactions. But it lacks smart contracts and privacy, and it may be exposed to well orchestrated DDOS attacks. Therefore, it goes without saying that Nano is not the unicorn.
EOS
While EOS claims to execute millions of transactions per seconds, a quick glance reveals centralized parameters with 21 nodes and a questionable governance system. Therefore, EOS fails to achieve the unicorn status.
Monero (XMR)
One of the best known and respected privacy coins, Monero lacks smart contracts and may fall short of infinite scalability due to CryptoNote’s design. The unicorn rank is out of Monero’s reach.
IOTA
IOTA’s scalability is based on the number of transactions the network processes, and so its supposedly infinite scalability would fluctuate and is subject to the whims of the underlying transactions. While IOTA’s scalability approach is innovative and may work in the long term, it should be reminded that the unicorn cryptocurrency has no middle ground. The unicorn cryptocurrency would be expected to scale infinitely on a consistent basis from the beginning.
In addition, IOTA’s Masked Authenticated Messaging (MAM) feature does not bring privacy to the masses in a highly convenient manner. Consequently, the unicorn is not found with IOTA.

PascalCoin as a Candidate for the Unicorn Cryptocurrency
Please allow me to present a candidate for the cryptocurrency unicorn: PascalCoin.
According to the website, PascalCoin claims the following:
“PascalCoin is an instant, zero-fee, infinitely scalable, and decentralized cryptocurrency with advanced privacy and smart contract capabilities. Enabled by the SafeBox technology to become the world’s first blockchain independent of historical operations, PascalCoin possesses unlimited potential.”
The above summary is a mouthful to be sure, but let’s take a deep dive on how PascalCoin innovates with the SafeBox and more. Before we do this, I encourage you to first become acquainted with PascalCoin by watching the following video introduction:
https://www.youtube.com/watch?time_continue=4&v=F25UU-0W9Dk
The rest of this section will be split into 10 parts in order to illustrate most of the notable features of PascalCoin. Naturally, let’s start off with the SafeBox.
Part #1: The SafeBox
Unlike traditional UTXO-based cryptocurrencies in which the blockchain records the specifics of each transaction (address, sender address, amount of funds transferred, etc.), the blockchain in PascalCoin is only used to mutate the SafeBox. The SafeBox is a separate but equivalent cryptographic data structure that snapshots account balances. PascalCoin’s blockchain is comparable to a machine that feeds the most important data – namely, the state of an account – into the SafeBox. Any node can still independently compute and verify the cumulative Proof-of-Work required to construct the SafeBox.
The PascalCoin whitepaper elegantly highlights the unique historical independence that the SafeBox possesses:
“While there are approaches that cryptocurrencies could use such as pruning, warp-sync, "finality checkpoints", UTXO-snapshotting, etc, there is a fundamental difference with PascalCoin. Their new nodes can only prove they are on most-work-chain using the infinite history whereas in PascalCoin, new nodes can prove they are on the most-work chain without the infinite history.”
Some cryptocurrency old-timers might instinctively balk at the idea of full nodes eschewing the entire history for security, but such a reaction would showcase a lack of understanding on what the SafeBox really does.
A concrete example would go a long way to best illustrate what the SafeBox does. Let’s say I input the following operations in my calculator:
5 * 5 – 10 / 2 + 5
It does not take a genius to calculate the answer, 25. Now, the expression “5 \ 5 – 10 / 2 + 5”* would be forever imbued on a traditional blockchain’s history. But the SafeBox begs to differ. It says that the expression “5 \ 5 – 10 / 2 + 5”* should instead be simply “25” so as preserve simplicity, time, and space. In other words, the SafeBox simply preserves the account balance.
But some might still be unsatisfied and claim that if one cannot trace the series of operations (transactions) that lead to the final number (balance) of 25, the blockchain is inherently insecure.
Here are four important security aspects of the SafeBox that some people fail to realize:
(1) SafeBox Follows the Longest Chain of Proof-of-Work
The SafeBox mutates itself per 100 blocks. Each new SafeBox mutation must reference both to the previous SafeBox mutation and the preceding 100 blocks in order to be valid, and the resultant hash of the new mutated SafeBox must then be referenced by each of the new subsequent blocks, and the process repeats itself forever.
The fact that each new SafeBox mutation must reference to the previous SafeBox mutation is comparable to relying on the entire history. This is because the previous SafeBox mutation encapsulates the result of cumulative entire history except for the 100 blocks which is why each new SafeBox mutation requires both the previous SafeBox mutation and the preceding 100 blocks.
So in a sense, there is a single interconnected chain of inflows and outflows, supported by Byzantine Proof-of-Work consensus, instead of the entire history of transactions.
More concretely, the SafeBox follows the path of the longest chain of Proof-of-Work simply by design, and is thus cryptographically equivalent to the entire history even without tracing specific operations in the past. If the chain is rolled back with a 51% attack, only the attacker’s own account(s) in the SafeBox can be manipulated as is explained in the next part.
(2) A 51% Attack on PascalCoin Functions the Same as Others
A 51% attack on PascalCoin would work in a similar way as with other Proof-of-Work cryptocurrencies. An attacker cannot modify a transaction in the past without affecting the current SafeBox hash which is accepted by all honest nodes.
Someone might claim that if you roll back all the current blocks plus the 100 blocks prior to the SafeBox’s mutation, one could create a forged SafeBox with different balances for all accounts. This would be incorrect as one would be able to manipulate only his or her own account(s) in the SafeBox with a 51% attack – just as is the case with other UTXO cryptocurrencies. The SafeBox stores the balances of all accounts which are in turn irreversibly linked only to their respective owners’ private keys.
(3) One Could Preserve the Entire History of the PascalCoin Blockchain
No blockchain data in PascalCoin is ever deleted even in the presence of the SafeBox. Since the SafeBox is cryptographically equivalent to a full node with the entire history as explained above, PascalCoin full nodes are not expected to contain infinite history. But for whatever reason(s) one may have, one could still keep all the PascalCoin blockchain history as well along with the SafeBox as an option even though it would be redundant.
Without storing the entire history of the PascalCoin blockchain, you can still trace the specific operations of the 100 blocks prior to when the SafeBox absorbs and reflects the net result (a single balance for each account) from those 100 blocks. But if you’re interested in tracing operations over a longer period in the past – as redundant as that may be – you’d have the option to do so by storing the entire history of the PascalCoin blockchain.
(4) The SafeBox is Equivalent to the Entire Blockchain History
Some skeptics may ask this question: “What if the SafeBox is forever lost? How would you be able to verify your accounts?” Asking this question is tantamount to asking to what would happen to Bitcoin if all of its entire history was erased. The result would be chaos, of course, but the SafeBox is still in line with the general security model of a traditional blockchain with respect to black swans.
Now that we know the security of the SafeBox is not compromised, what are the implications of this new blockchain paradigm? A colorful illustration as follows still wouldn’t do justice to the subtle revolution that the SafeBox ushers. The automobiles we see on the street are the cookie-and-butter representation of traditional blockchain systems. The SafeBox, on the other hand, supercharges those traditional cars to become the Transformers from Michael Bay’s films.
The SafeBox is an entirely different blockchain architecture that is impressive in its simplicity and ingenuity. The SafeBox’s design is only the opening act for PascalCoin’s vast nuclear arsenal. If the above was all that PascalCoin offers, it still wouldn’t come close to achieving the unicorn status but luckily, we have just scratched the surface. Please keep on reading on if you want to learn how PascalCoin is going to shatter the cryptocurrency industry into pieces. Buckle down as this is going to be a long read as we explore further about the SafeBox’s implications.
Part #2: 0-Confirmation Transactions
To begin, 0-confirmation transactions are secure in PascalCoin thanks to the SafeBox.
The following paraphrases an explanation of PascalCoin’s 0-confirmations from the whitepaper:
“Since PascalCoin is not a UTXO-based currency but rather a State-based currency thanks to the SafeBox, the security guarantee of 0-confirmation transactions are much stronger than in UTXO-based currencies. For example, in Bitcoin if a merchant accepts a 0-confirmation transaction for a coffee, the buyer can simply roll that transaction back after receiving the coffee but before the transaction is confirmed in a block. The way the buyer does this is by re-spending those UTXOs to himself in a new transaction (with a higher fee) thus invalidating them for the merchant. In PascalCoin, this is virtually impossible since the buyer's transaction to the merchant is simply a delta-operation to debit/credit a quantity from/to accounts respectively. The buyer is unable to erase or pre-empt this two-sided, debit/credit-based transaction from the network’s pending pool until it either enters a block for confirmation or is discarded with respect to both sender and receiver ends. If the buyer tries to double-spend the coffee funds after receiving the coffee but before they clear, the double-spend transaction will not propagate the network since nodes cannot propagate a double-spending transaction thanks to the debit/credit nature of the transaction. A UTXO-based transaction is initially one-sided before confirmation and therefore is more exposed to one-sided malicious schemes of double spending.”
Phew, that explanation was technical but it had to be done. In summary, PascalCoin possesses the only secure 0-confirmation transactions in the cryptocurrency industry, and it goes without saying that this means PascalCoin is extremely fast. In fact, PascalCoin is capable of 72,000 TPS even prior to any additional extensive optimizations down the road. In other words, PascalCoin is as instant as it gets and gives Nano a run for its money.
Part #3: Zero Fee
Let’s circle back to our discussion of PascalCoin’s 0-confirmation capability. Here’s a little fun magical twist to PascalCoin’s 0-confirmation magic: 0-confirmation transactions are zero-fee. As in you don’t pay a single cent in fee for each 0-confirmation! There is just a tiny downside: if you create a second transaction in a 5-minute block window then you’d need to pay a minimal fee. Imagine using Nano but with a significantly stronger anti-DDOS protection for spam! But there shouldn’t be any complaint as this fee would amount to 0.0001 Pascal or $0.00002 based on the current price of a Pascal at the time of this writing.
So, how come the fee for blazingly fast transactions is nonexistent? This is where the magic of the SafeBox arises in three ways:
(1) PascalCoin possesses the secure 0-confirmation feature as discussed above that enables this speed.
(2) There is no fee bidding competition of transaction priority typical in UTXO cryptocurrencies since, once again, PascalCoin operates on secure 0-confirmations.
(3) There is no fee incentive needed to run full nodes on behalf of the network’s security beyond the consensus rewards.
Part #4: Blockchain Size
Let’s expand more on the third point above, using Ethereum as an example. Since Ethereum’s launch in 2015, its full blockchain size is currently around 2 TB, give or take, but let’s just say its blockchain size is 100 GB for now to avoid offending the Ethereum elitists who insist there are different types of full nodes that are lighter. Whoever runs Ethereum’s full nodes would expect storage fees on top of the typical consensus fees as it takes significant resources to shoulder Ethereum’s full blockchain size and in turn secure the network. What if I told you that PascalCoin’s full blockchain size will never exceed few GBs after thousands of years? That is just what the SafeBox enables PascalCoin to do so. It is estimated that by 2072, PascalCoin’s full nodes will only be 6 GB which is low enough not to warrant any fee incentives for hosting full nodes. Remember, the SafeBox is an ultra-light cryptographic data structure that is cryptographically equivalent to a blockchain with the entire transaction history. In other words, the SafeBox is a compact spreadsheet of all account balances that functions as PascalCoin’s full node!
Not only does the SafeBox’s infinitesimal memory size helps to reduce transaction fees by phasing out any storage fees, but it also paves the way for true decentralization. It would be trivial for every PascalCoin user to opt a full node in the form of a wallet. This is extreme decentralization at its finest since the majority of users of other cryptocurrencies ditch full nodes due to their burdensome sizes. It is naïve to believe that storage costs would reduce enough to the point where hosting full nodes are trivial. Take a look at the following chart outlining the trend of storage cost.

* https://www.backblaze.com/blog/hard-drive-cost-per-gigabyte/
As we can see, storage costs continue to decrease but the descent is slowing down as is the norm with technological improvements. In the meantime, blockchain sizes of other cryptocurrencies are increasing linearly or, in the case of smart contract engines like Ethereum, parabolically. Imagine a cryptocurrency smart contract engine like Ethereum garnering worldwide adoption; how do you think Ethereum’s size would look like in the far future based on the following chart?


https://i.redd.it/k57nimdjmo621.png

Ethereum’s future blockchain size is not looking pretty in terms of sustainable security. Sharding is not a fix for this issue since there still needs to be full nodes but that is a different topic for another time.
It is astonishing that the cryptocurrency community as a whole has passively accepted this forever-expanding-blockchain-size problem as an inescapable fate.
PascalCoin is the only cryptocurrency that has fully escaped the death vortex of forever expanding blockchain size. Its blockchain size wouldn’t exceed 10 GB even after many hundreds of years of worldwide adoption. Ethereum’s blockchain size after hundreds of years of worldwide adoption would make fine comedy.
Part #5: Simple, Short, and Ordinal Addresses
Remember how the SafeBox works by snapshotting all account balances? As it turns out, the account address system is almost as cool as the SafeBox itself.
Imagine yourself in this situation: on a very hot and sunny day, you’re wandering down the street across from your house and ran into a lemonade stand – the old-fashioned kind without any QR code or credit card terminal. The kid across you is selling a lemonade cup for 1 Pascal with a poster outlining the payment address as 5471-55. You flip out your phone and click “Send” with 1 Pascal to the address 5471-55; viola, exactly one second later you’re drinking your lemonade without paying a cent for the transaction fee!
The last thing one wants to do is to figure out how to copy/paste to, say, the following address 1BoatSLRHtKNngkdXEeobR76b53LETtpyT on the spot wouldn’t it? Gone are the obnoxiously long addresses that plague all cryptocurrencies. The days of those unreadable addresses will be long gone – it has to be if blockchain is to innovate itself for the general public. EOS has a similar feature for readable addresses but in a very limited manner in comparison, and nicknames attached to addresses in GUIs don’t count since blockchain-wide compatibility wouldn’t hold.
Not only does PascalCoin has the neat feature of having addresses (called PASAs) that amount to up to 6 or 7 digits, but PascalCoin can also incorporate in-protocol address naming as opposed to GUI address nicknames. Suppose I want to order something from Amazon using Pascal; I simply search the word “Amazon” then the corresponding account number shows up. Pretty neat, right?
The astute reader may gather that PascalCoin’s address system makes it necessary to commoditize addresses, and he/she would be correct. Some view this as a weakness; part #10 later in this segment addresses this incorrect perception.
Part #6: Privacy
As if the above wasn’t enough, here’s another secret that PascalCoin has: it is a full-blown privacy coin. It uses two separate foundations to achieve comprehensive anonymity: in-protocol mixer for transfer amounts and zn-SNARKs for private balances. The former has been implemented and the latter is on the roadmap. Both the 0-confirmation transaction and the negligible transaction fee would make PascalCoin the most scalable privacy coin of any other cryptocurrencies pending the zk-SNARKs implementation.
Part #7: Smart Contracts
Next, PascalCoin will take smart contracts to the next level with a layer-2 overlay consensus system that pioneers sidechains and other smart contract implementations.
In formal terms, this layer-2 architecture will facilitate the transfer of data between PASAs which in turn allows clean enveloping of layer-2 protocols inside layer-1 much in the same way that HTTP lives inside TCP.
To summarize:
· The layer-2 consensus method is separate from the layer-1 Proof-of-Work. This layer-2 consensus method is independent and flexible. A sidechain – based on a single encompassing PASA – could apply Proof-of-Stake (POS), Delegated Proof-of-Stake (DPOS), or Directed Acyclic Graph (DAG) as the consensus system of its choice.
· Such a layer-2 smart contract platform can be written in any languages.
· Layer-2 sidechains will also provide very strong anonymity since funds are all pooled and keys are not used to unlock them.
· This layer-2 architecture is ingenious in which the computation is separate from layer-2 consensus, in effect removing any bottleneck.
· Horizontal scaling exists in this paradigm as there is no interdependence between smart contracts and states are not managed by slow sidechains.
· Speed and scalability are fully independent of PascalCoin.
One would be able to run the entire global financial system on PascalCoin’s infinitely scalable smart contract platform and it would still scale infinitely. In fact, this layer-2 architecture would be exponentially faster than Ethereum even after its sharding is implemented.
All this is the main focus of PascalCoin’s upcoming version 5 in 2019. A whitepaper add-on for this major upgrade will be released in early 2019.
Part #8: RandomHash Algorithm
Surely there must be some tradeoffs to PascalCoin’s impressive capabilities, you might be asking yourself. One might bring up the fact that PascalCoin’s layer-1 is based on Proof-of-Work and is thus susceptible to mining centralization. This would be a fallacy as PascalCoin has pioneered the very first true ASIC, GPU, and dual-mining resistant algorithm known as RandomHash that obliterates anything that is not CPU based and gives all the power back to solo miners.
Here is the official description of RandomHash:
“RandomHash is a high-level cryptographic hash algorithm that combines other well-known hash primitives in a highly serial manner. The distinguishing feature is that calculations for a nonce are dependent on partial calculations of other nonces, selected at random. This allows a serial hasher (CPU) to re-use these partial calculations in subsequent mining saving 50% or more of the work-load. Parallel hashers (GPU) cannot benefit from this optimization since the optimal nonce-set cannot be pre-calculated as it is determined on-the-fly. As a result, parallel hashers (GPU) are required to perform the full workload for every nonce. Also, the algorithm results in 10x memory bloat for a parallel implementation. In addition to its serial nature, it is branch-heavy and recursive making in optimal for CPU-only mining.”
One might be understandably skeptical of any Proof-of-Work algorithm that solves ASIC and GPU centralization once for all because there have been countless proposals being thrown around for various algorithms since the dawn of Bitcoin. Is RandomHash truly the ASIC & GPU killer that it claims to be?
Herman Schoenfeld, the inventor behind RandomHash, described his algorithm in the following:
“RandomHash offers endless ASIC-design breaking surface due to its use of recursion, hash algo selection, memory hardness and random number generation.
For example, changing how round hash selection is made and/or random number generator algo and/or checksum algo and/or their sequencing will totally break an ASIC design. Conceptually if you can significantly change the structure of the output assembly whilst keeping the high-level algorithm as invariant as possible, the ASIC design will necessarily require proportional restructuring. This results from the fact that ASIC designs mirror the ASM of the algorithm rather than the algorithm itself.”
Polyminer1 (pseudonym), one of the members of the PascalCoin core team who developed RHMiner (official software for mining RandomHash), claimed as follows:
“The design of RandomHash is, to my experience, a genuine innovation. I’ve been 30 years in the field. I’ve rarely been surprised by anything. RandomHash was one of my rare surprises. It’s elegant, simple, and achieves resistance in all fronts.”
PascalCoin may have been the first party to achieve the race of what could possibly be described as the “God algorithm” for Proof-of-Work cryptocurrencies. Look no further than one of Monero’s core developers since 2015, Howard Chu. In September 2018, Howard declared that he has found a solution, called RandomJS, to permanently keep ASICs off the network without repetitive algorithm changes. This solution actually closely mirrors RandomHash’s algorithm. Discussing about his algorithm, Howard asserted that “RandomJS is coming at the problem from a direction that nobody else is.”
Link to Howard Chu’s article on RandomJS:
https://www.coindesk.com/one-musicians-creative-solution-to-drive-asics-off-monero
Yet when Herman was asked about Howard’s approach, he responded:
“Yes, looks like it may work although using Javascript was a bit much. They should’ve just used an assembly subset and generated random ASM programs. In a way, RandomHash does this with its repeated use of random mem-transforms during expansion phase.”
In the end, PascalCoin may have successfully implemented the most revolutionary Proof-of-Work algorithm, one that eclipses Howard’s burgeoning vision, to date that almost nobody knows about. To learn more about RandomHash, refer to the following resources:
RandomHash whitepaper:
https://www.pascalcoin.org/storage/whitepapers/RandomHash_Whitepaper.pdf
Technical proposal for RandomHash:
https://github.com/PascalCoin/PascalCoin/blob/mastePIP/PIP-0009.md
Someone might claim that PascalCoin still suffers from mining centralization after RandomHash, and this is somewhat misleading as will be explained in part #10.
Part #9: Fair Distribution and Governance
Not only does PascalCoin rest on superior technology, but it also has its roots in the correct philosophy of decentralized distribution and governance. There was no ICO or pre-mine, and the developer fund exists as a percentage of mining rewards as voted by the community. This developer fund is 100% governed by a decentralized autonomous organization – currently facilitated by the PascalCoin Foundation – that will eventually be transformed into an autonomous smart contract platform. Not only is the developer fund voted upon by the community, but PascalCoin’s development roadmap is also voted upon the community via the Protocol Improvement Proposals (PIPs).
This decentralized governance also serves an important benefit as a powerful deterrent to unseemly fork wars that befall many cryptocurrencies.
Part #10: Common Misconceptions of PascalCoin
“The branding is terrible”
PascalCoin is currently working very hard on its image and is preparing for several branding and marketing initiatives in the short term. For example, two of the core developers of the PascalCoin recently interviewed with the Fox Business Network. A YouTube replay of this interview will be heavily promoted.
Some people object to the name PascalCoin. First, it’s worth noting that PascalCoin is the name of the project while Pascal is the name of the underlying currency. Secondly, Google and YouTube received excessive criticisms back then in the beginning with their name choices. Look at where those companies are nowadays – surely a somewhat similar situation faces PascalCoin until the name’s familiarity percolates into the public.
“The wallet GUI is terrible”
As the team is run by a small yet extremely dedicated developers, multiple priorities can be challenging to juggle. The lack of funding through an ICO or a pre-mine also makes it challenging to accelerate development. The top priority of the core developers is to continue developing full-time on the groundbreaking technology that PascalCoin offers. In the meantime, an updated and user-friendly wallet GUI has been worked upon for some time and will be released in due time. Rome wasn’t built in one day.
“One would need to purchase a PASA in the first place”
This is a complicated topic since PASAs need to be commoditized by the SafeBox’s design, meaning that PASAs cannot be obtained at no charge to prevent systematic abuse. This raises two seemingly valid concerns:
· As a chicken and egg problem, how would one purchase a PASA using Pascal in the first place if one cannot obtain Pascal without a PASA?
· How would the price of PASAs stay low and affordable in the face of significant demand?
With regards to the chicken and egg problem, there are many ways – some finished and some unfinished – to obtain your first PASA as explained on the “Get Started” page on the PascalCoin website:
https://www.pascalcoin.org/get_started
More importantly, however, is the fact that there are few methods that can get your first PASA for free. The team will also release another method soon in which you could obtain your first PASA for free via a single SMS message. This would probably become by far the simplest and the easiest way to obtain your first PASA for free. There will be more new ways to easily obtain your first PASA for free down the road.
What about ensuring the PASA market at large remains inexpensive and affordable following your first (and probably free) PASA acquisition? This would be achieved in two ways:
· Decentralized governance of the PASA economics per the explanation in the FAQ section on the bottom of the PascalCoin website (https://www.pascalcoin.org/)
· Unlimited and free pseudo-PASAs based on layer-2 in the next version release.
“PascalCoin is still centralized after the release of RandomHash”
Did the implementation of RandomHash from version 4 live up to its promise?
The official goals of RandomHash were as follow:
(1) Implement a GPU & ASIC resistant hash algorithm
(2) Eliminate dual mining
The two goals above were achieved by every possible measure.
Yet a mining pool, Nanopool, was able to regain its hash majority after a significant but a temporary dip.
The official conclusion is that, from a probabilistic viewpoint, solo miners are more profitable than pool miners. However, pool mining is enticing for solo miners who 1) have limited hardware as it ensures a steady income instead of highly profitable but probabilistic income via solo mining, and 2) who prefer convenient software and/or GUI.
What is the next step, then? While the barrier of entry for solo miners has successfully been put down, additional work needs to be done. The PascalCoin team and the community are earnestly investigating additional steps to improve mining decentralization with respect to pool mining specifically to add on top of RandomHash’s successful elimination of GPU, ASIC, and dual-mining dominance.
It is likely that the PascalCoin community will promote the following two initiatives in the near future:
(1) Establish a community-driven, nonprofit mining pool with attractive incentives.
(2) Optimize RHMiner, PascalCoin’s official solo mining software, for performance upgrades.
A single pool dominance is likely short lived once more options emerge for individual CPU miners who want to avoid solo mining for whatever reason(s).
Let us use Bitcoin as an example. Bitcoin mining is dominated by ASICs and mining pools but no single pool is – at the time of this writing – even close on obtaining the hash majority. With CPU solo mining being a feasible option in conjunction with ASIC and GPU mining eradication with RandomHash, the future hash rate distribution of PascalCoin would be far more promising than Bitcoin’s hash rate distribution.
PascalCoin is the Unicorn Cryptocurrency
If you’ve read this far, let’s cut straight to the point: PascalCoin IS the unicorn cryptocurrency.
It is worth noting that PascalCoin is still a young cryptocurrency as it was launched at the end of 2016. This means that many features are still work in progress such as zn-SNARKs, smart contracts, and pool decentralization to name few. However, it appears that all of the unicorn criteria are within PascalCoin’s reach once PascalCoin’s technical roadmap is mostly completed.
Based on this expository on PascalCoin’s technology, there is every reason to believe that PascalCoin is the unicorn cryptocurrency. PascalCoin also solves two fundamental blockchain problems beyond the unicorn criteria that were previously considered unsolvable: blockchain size and simple address system. The SafeBox pushes PascalCoin to the forefront of cryptocurrency zeitgeist since it is a superior solution compared to UTXO, Directed Acyclic Graph (DAG), Block Lattice, Tangle, and any other blockchain innovations.


THE UNICORN

Author: Tyler Swob
submitted by Kosass to CryptoCurrency [link] [comments]

Today I actually used the bitcoin for the first (and hopefully last) time. I'm gonna share my thoughts and experiences.

So very soon I'm gonna buy new pc and while doing backups of my current data I remembered that I have some old wallet with some btc on it. I went to check it out and indeed it had incredible amount of 0.00317220 btc which is what? Something like 30 bucks nowadays (should've cashed out during ATH, I'm a fool, lol).
I got it in 2014, back then fees were nonexistant and the space was full of idiot believers and cultists trying to recruit new members to the cult with overwhelming positivity, love bombing, hype, typical anti state propaganda, blatant shilling and donations. That's right baby. In case you're new or don't remember, back then people were donating small amounts of bitcoin left and right just to get more people to try and get hooked. They were doing it for fun and they were doing it to get more fools into this game. I was one of them newcomers. 2014 OG HODLer.
This was play money back then, a few bucks from pointless reddit tips. I took it to my wallet to check out how this "innovation" works out of curiosity. Since then I would look up bitcoin news once in roughly 6 months. Sometimes they were good like some hipster cafees would adopt bitcoin and a few stoners would use them, sometimes they were bad and since we saw all kind of bad here I don't even need to give examples. I never speculated on it or bought more because I was interested purely in its function as a currency of internet and its implications, not speculative value nor some dubious gains that can only be truly justified in hindsight and if you ignore the bagholders. Of course since then many things changed including my outlook on this whole circus, if you're interested my 'testimony' is here:
https://www.reddit.com/Buttcoin/comments/85a6zn/be_honest_with_me/dvw45kp/?context=3
Since I found out I have roughly 30 USD in funbux and since as a PC gamer I really despise what idiot crypto space did to gpu market with their pointless irrational exuberance and idiotic waste of untold amounts of energy I decided to actually spend it. Because it fucked me already and made me spend much more on a graphic card that I should might as well get something back, right? Also the thought that my endless crypto abstinence would passively enrich those idiot, libertarian neckbeards is hurting my greedy human soul so fuck your 'donations to community' Satoshi. I'm ending my crypto celibacy. I'm going stop HODLing gasp and spend (and not replace).
First roadblock. Steam no longer accepts bitcoin. Green man gaming supposedly accepted it in the past, not anymore though. NICE ADOPTION CURVE BRO. Thanks to the december-january bonanza the adoption is going backwards and the progress that was achieved through years of constant shilling and pestering bussinesses to accept bitcoin has been lost due to speculative mania, volatility and fees. This is good for bitcoin of course but not good for me, need a way out. I'm not gonna register on some shady exchange and give them all my data, my bank account, picture of my id and my dick and whatever else these fucking scammers want. Fuck that, we're decentralized and trustless baby, I'm gonna use my money without using "trusted" 3rd fucking party to get my money back in a practical way or this thing is truly useless.
I look and find a website that offers games for bitcoin. The website is absolutely minimalistic, obviously no information about the company, some anonymous bastards that could be using stolen credit cards for all I know. Well, maybe not that bad, they've been up for years, I also found mentions of other websites that went dysfunctional over the years but not this one. Obviously I can't verify how they get their keys. Couldn't find any relevant information on google about them that isn't 3 years old. Once again nice adoption bro. I found one recent thread on reddit and was hopeful I will learn something useful in dedicated bitcoin reddit no less but...
https://www.reddit.com/Bitcoin/comments/82ubjm/anyone_vouch_for_this_website/
Yeah, why would you want to spend your internet funbux on something? Buy the motherfucking dip bro. Currency of the future can wait, store of value here we come. Well what's the point of storing your value if you can't reliably unstore it at some point? Fuck that ideology, lol.
Finally decided to risk it for the biscuit. My old wallet can't even connect to the network because it's too fucking old. Maybe that's good nobody will scam me due to some electrum vulnerability or something that was discovered some time ago. I'm not sure, I heard about it some time ago. Anyway I download new electrum and it automatically finds my wallet file, everything is recovered just fine, good.
Now....how the fuck do I use that thing? That's right. 4 years of ironhanded HODLing took a toll on me, I forgot how to use the damn thing. Fortunately the UI is pretty self explanatory (for quite tech savvy user who already used it in the past mind you) after a while I figure things out, just had to change the valuation from mbtc to BTC. The way it displayed my balance I almost thought I have 3 bitcoins for a second, I chuckled. My balance is 0.00317220 BTC. game price is 0.0028 BTC ($23.75 USD). Needless to say it looks horrible and impractical and a had to check a few times because I have my btc in several addresses. Just imagine buying groceries with it. I discover there are more informational tabs in electrum, why the fuck they're hidden by default is beyond me, they seem pretty useful. Anyway if I were to guess the probability of my normie acquaintances finding this easy and useful it would be very low.
Okay I select my game, decide to check out, now it's time to pay. The bitpay thingy is actually okay, when I copied the transaction url to the wallet it automatically filled everything out. Progress. Now...what the fuck is my password? Nice, I have my funbux that I hodled for a long time and can't spend it. And I can't generate new seed and make new wallet with my seed to bypass the password because I need password to create my seed. Catch 22. Obviously no customer support or email recovery for this one, lol. Thank god banks are not that autistic. Fortunately I find the password and seed as well in some old doc related to bitcoins in plain text (lol). Securitus maximus. Back then I was a complete noob, I can only imagine the hilarious opsec or lack thereof of fresh noobs in crypto. Use birdbath plebs.
I finally have my password, return to the website and see that the bitpay transaction timer has gone from 15 minutes to 6 minutes. I get slightly nervous. "What if I send my money but the confirmation comes later? Will it work?". I do quick google and apparently it may cause problems and I may have to contact bitpay and do some stuff if it won't confirm within timer. Jesus what a chore. Instead I wait till the timer runs out. Make another attempt, use the high fee to be absolutely damn sure that my transaction will be confirmed in this block (7 sats calculated by wallet, paid 4312 sats so 1.3 dollar or something? Sure, not as crazy as January but still meh, is this the 4 year progress? Last time I used it was much less I think. Or maybe it's so high because the price is high? Whatever).
I wait a bit and yes, success, my order is confirmed. Now I just have to believe I won't get scammed or I won't get wrong game or I won't get some shitty russian region locked key or whatever:
Your game(s) will be sent as soon as the order has been manually processed, which should take 8 to 9 hours.
Nice. Just wait 9 hours to be sure I'm not gonna get hosed by some internet no name company. Also manually processed? Is this 20th century or what? I bet their customer support is nonexistant or they have a designated emplyee who receives messages through contact form and laughs at the fools while copy pasting some bullshit. Currency of the future baby. Trustlessness fucking sucks for a customer like me. IT FUCKING SUCKS. It was a nice experiment though. I predict another 10 years of FUCKING SUCKING in regards to adoption too.
Now a comparison how it worked when I bought steam games in the past with paypal.
I go to steam (or other store, not much difference), choose pay with paypal. I pay with paypal. I get my motherfucking game. And that one time when I bought in other store when something actually gone wrong I resolved it with support quite quickly. Case closed.
So to sum it up. I got a few bucks in tips from crypto cultists in 2014. HODLed with adamantium hands since then. Never spent, never cashed out, never surrendered to the temptation until now. Turned 2 bucks into something like ~27 atm. Got money for free. Then this money's buying power risen without any work on my part and without any company behind this token producing positive value, products, services etc. It just rose because people paid more for it. I Bought something with the money I never had and never touched worth more than I originally got for free. If that isn't the literal definition of infinite value I don't know what is. I'm sure it's 100% sustainable too. It's not like it took enough energy to power my household for 6 months (if digiconomist stats are to be believed) or maybe even more to validate the transaction of me buying one fucking game. This is the future, right?
Now every time some salty butter will say I'm a stupid no coiner I can brag to them that they maybe had 100% gains or 1000% gains when they bought in early but my gains are literally infinite because I never had to even buy. Got 2 bucks for 0 effort, had it transmuted into 27 bucks like a motherfucking alchemist with a philosopher's stone (more during ATH, sucks to cash out late) with literally no effort. Best non-investment ever.
Now all I need is for bitcoin to proportionally bubble once again so that I can use the change from this transaction to buy another game in another 4 years. Get to work my minions. Shill.
I will update this thread later with information regarding whether I actually got what I paid for or not.
Edit: Ok. I finally received the steam gift from random, obscure, anonymous, internet game store. Yay?! Would I like to repeat this type of transaction again, next time with my own money? Hell no. But it served as a cool experiment and reminder why customer service, banks and trusted parties are important. The fact that my money will undoubtedly reach some random anonymous people without trusted 3rd party wasn't giving me a libertarian boner (hold on, I used payment processor anyway, I think?) and being my own bank did not gave me comfort nor any satisfaction at all. The fact that my money is at someone else's mercy and if they want to they can just take it and never refund it was adding to the discomfort. It was mostly frustration and a chore. Trustlessness brings fear, unceartainty and doubt....in other words trustlessness is FUD and fiat is king, deal with it.
submitted by Cthulhooo to Buttcoin [link] [comments]

Bitcoin Mining Profitability: How Long Does it Take to Mine One Bitcoin in 2019?

When it comes to Bitcoin (BTC) mining, the major questions on people’s minds are “how profitable is Bitcoin mining” and “how long would it take to mine one Bitcoin?” To answer these questions, we need to take an in-depth look at the current state of the Bitcoin mining industry — and how it has changed — over the last several years.
Bitcoin mining is, essentially, the process of participating in Bitcoin’s underlying security mechanism — known as proof-of-work — to help secure the Bitcoin blockchain. In return, participants receive compensation in bitcoins (BTC).
When you participate in Bitcoin mining, you are essentially searching for blocks by crunching complex cryptographic challenges using your mining hardware. Once a block is discovered, new transactions are recorded and verified within the block and the block discoverer receives the block rewards — currently set at 12.5 BTC — as well as the transactions fees for the transactions included within the block.
Once the maximum supply of 21 million Bitcoins has been mined, no further Bitcoins will ever come into existence. This property makes Bitcoin deflationary, something which many argue will inevitably increase the value of each Bitcoin unit as it becomes more scarce due to increased global adoption.
The limited supply of Bitcoin is also one of the reasons why Bitcoin mining has become so popular. In previous years, Bitcoin mining proved to be a lucrative investment option — netting miners with several fold returns on their investment with relatively little effort.
bitcoin mining hardware
Mining Hardware
The mining hardware you choose will mostly depend on your circumstances — in terms of budget, location and electricity costs. Since the amount of hashing power you can dedicate to the mining process is directly correlated with how much Bitcoin you will mine per day, it is wise to ensure your hardware is still competitive in 2019.
Bitcoin uses SHA256 as its mining algorithm. Because of this, only hardware compatible with this algorithm can be used to mine Bitcoin. Although it is technically possible to mine Bitcoin on your current computer hardware — using your CPU or GPU — this will almost certainly not generate a positive return on your investment and you may end up damaging your device.
The most cost-effective way to mine Bitcoin in 2019 is using application-specific integrated circuit (ASIC) mining hardware. These are specially-designed machines that offer much higher performance per watt than typical computers and have been an absolutely essential purchase for anybody looking to get into Bitcoin mining since the first Avalon ASICs were shipped in 2013.
When it comes to selecting Bitcoin mining hardware, there are several main parameters to consider — though the importance of each of these may vary based on personal circumstances and budget.
Performance per Watt
When it comes to Bitcoin mining, performance per watt is a measure of how many gigahashes per watt a machine is capable of and is, hence, a simple measure of its efficiency. Since electricity costs are likely to be one of the largest expenses when mining Bitcoin, it is usually a good idea to ensure that you are getting good performance per watt out of your hardware.
Ideally, your mining hardware would be highly efficient, allowing it to mine Bitcoin with lower energy requirements — though this will need to be balanced with acquisition costs, as often the most efficient hardware is also the most expensive. This means it may take longer to see a return on investment.
In countries with cheap electricity, performance per watt is often less of a concern than acquisition costs and price-performance ratio. In most countries, operating outdated mining hardware is typically cost prohibitive, as energy costs outweigh the income generated by the mining equipment.
However, this may not be the case for those operating in countries with extremely cheap electricity — such as Kuwait and Venezuela — as even older equipment can still be profitable. Similarly, miners with a free energy surplus, such as from wind or solar electric generators, can benefit from the minimal gains offered by still running outdated hardware.
Longevity
The lifetime of mining hardware also plays a critical role in determining how profitable your mining venture will be. It’s always a good idea to do whatever possible to ensure it runs as smoothly as possible.
Since mining equipment tends to run at a full (or almost full) load for extended periods, they also tend to break down and fail more frequently than most electronics — which can seriously damage your profitability. Equipment failure is even more common when purchasing second-hand equipment. Since warranty claims are often challenging, it can often take a long time to receive a warranty replacement.
Price-Performance Ratio
In many cases, one of the major criteria used to select mining hardware is the price-performance ratio — a measure of how much performance a machine outputs per unit price. In the case of cryptocurrency mining hardware, this is commonly expressed as gigahashes per dollar or GH/$.
Under ideal circumstances, the mining hardware would have a high price-performance ratio, ensuring you get a lot of bang for your buck. However, this must also be considered in combination with the acquisition costs and the expected lifetime of the machine — since the absolute most powerful machines are not always the cheapest or the most energy efficient.
Acquisition Costs
Acquisition costs are almost always the biggest barrier to entry for most Bitcoin miners since most top-end mining hardware costs several thousand dollars. This problem is further compounded by the fact that many hardware manufacturers offer discounts for bulk purchases, allowing those with deeper pockets to achieve a better price-performance ratio.
Acquisition costs include all the costs involved in purchasing any mining equipment, including hardware costs, shipping costs, import duties, and any further costs. For example, many ASIC miners do not include a power supply — which can be another considerable expense, since the 1,000W+ power supplies usually required tend to cost several hundred dollars alone.
Ensuring your equipment runs smoothly can also add in additional costs, such as cooling and maintenance expenses. In addition, some miners may want to invest in uninterruptible power supplies to ensure their hardware keeps running — even if the power fails temporarily.
asic mining
Current Generation Hardware
One of the most recent additions to the Bitcoin mining hardware market is the Ebang Ebit E11++, which was released in October 2018. Using a 10nm fabrication process for its processors, the Ebit E11++ is able to achieve one of the highest hash rates on the market at 44TH/s.
In terms of efficiency, the Ebang Ebit E11++ is arguably the best on the market, offering 44TH/s of hash rate while drawing just 1,980W of power, offering 22.2GH/W performance. However, as of writing, the Ebang Ebit E11++ is out of stock until March 31, 2019 — while its price of $2,024 (excluding shipping) may make it prohibitively expensive for those first getting involved with Bitcoin mining.
Another popular choice is the ASICminer 8 Nano, a machine released in October 2018 that offers 44TH/s for $3,900 excluding shipping. The ASICminer 8 Nano draws 2,100W of power, giving it an efficiency of almost 21GH/W — slightly lower than the Ebit E11++ while costing almost double the price. However, unlike the E11++, the 8 Nano is actually in stock and available to purchase.
ASICminer also offers the 8 Nano Pro, a machine launched in mid-2018 that offers 80 TH/s of hash rate for $9,500 (excluding shipping). However, unlike the Ebit E11++ and 8 Nano, the minimum order quantity for the 8 Nano Pro is curiously set at five, meaning you will need to lay out a minimum of $47,500 in order to actually get your hands on one (or five).
While the 8 Nano Pro doesn’t offer the same performance per watt as the Ebit E11+ or AICMiner 8 Nano, it is one of the quieter miners on this list, making it more suitable for a home or office environment. That being said, the ASICminer 8 Nano Pro is easily the most expensive miner per TH on this list — costing a whopping $118.75/TH, compared to the $46/TH offered by the E11++ and $88.64 offered by the 8 Nano.
The latest hardware on this list is the Innosilicon T3 43T, which is currently available for pre-order at $2,279, and estimated to ship in March 2019. Offering 43TH/s of performance at 2,100W, the T3 43T comes in at an efficiency of 20.4GH/W, which is around 10 percent less energy efficient than the Ebit E11++.
The T3 43T also has a minimum order quantity of three units, making the minimum acquisition cost $6837 + shipping for preorders. All in all, the T3 43T is more costly and less efficient than the E11++ but may arrive slightly earlier since Ebang will not ship the E11++ units until at least end March 29, 2019.
Finally, this list would not be complete without including Bitmain’s latest offering, the Antminer S15-28TH/s, which — as its name suggests — offers 28TH/s of hash power while drawing just under 1600W at the wall. The Antminer S15 is one of the only SHA256 miners to use 7nm processors, making it somewhat smaller than some of the other devices on this list.
Like most pieces of top-end Bitcoin mining hardware, the Antminer S15 27TH/s model is currently sold out, with current orders not shipping until mid-February 2019. However, the S15 is offered at a significantly lower price than many of its competitors at just $1020 (excluding shipping), with no minimum quantity restriction. At these rates, the Antminer comes in at just $37.78/TH — though its energy efficiency is a much less impressive 17.5GH/W.
Mining Hardware Mining Hardware Comparison
Performance (GH/W) Price Performance Ratio ($/TH)
Ebang Ebit E11++ 22.2GH/W $46/TH
ASICminer 8 Nano 21GH/W $88.64/TH
ASICminer 8 Nano Pro 19GH/W $118.75/TH
Innosilicon T3 43T 20.4GH/W $53/TH
Antminer S15-28TH/s 17.5GH/W $37.78/TH
How To Select a Good Mining Pool
Mining pools are platforms that allow miners to pool their resources together to achieve a higher collective hash rate — which, in turn, allows the collective to mine more blocks than they would be able to achieve alone.
Typically, these mining pools will distribute block rewards to contributing miners based on the proportion of the hash rate they supply. If a pool contributing a total of 20 TH/s of hash rate successfully mines the next block, a user responsible for 10 percent of this hash rate will receive 10 percent of the 12.5 BTC reward.
Pools essentially allow smaller miners to compete with large private mining organizations by ensuring that the collective hash rate is high enough to successfully mine blocks on regular basis. Without operating through a mining pool, many miners would be unlikely to discover any blocks at all — due to only contributing a tiny fraction of the overall Bitcoin hash rate.
While it is quite possible to be successful mining without a pool, this typically requires an extremely large mining operation and is usually not recommended — unless you have enough hash rate to mine blocks on a regular basis.
Although it is technically possible to discover blocks mining solo and keep the entire 12.5 BTC reward for yourself, the odds of this actually occurring are practically zero — making pool collaboration practically the only way to compete in 2019 and beyond.
Selecting the best pool for you can be a challenging job since the vast majority of pools are quite similar and offer similar features and comparable fees. Because of this, we have broken down the qualities you should be looking for in a new pool into four categories; reputation, hash rate, pool fees, and usability/features:
Reputation
The reputation of a pool is one of the most important factors in selecting the pool that is best for you. Well-reputed pools will tend to be much larger than newer or less well-established pools since few pools with a poor reputation can stand the test of time.
Well-reputed pools also tend to be more transparent about their operation, many of which provide tools to ensure that each user is getting the correct reward based on the hash rate contributed. By using only pools with a great reputation, you also ensure your hash rate is not being used for nefarious purposes — such as powering a 51 percent attack.
When comparing a list of pools that appear suitable for you, it is a wise move to read their user reviews before making your choice — ensuring you don’t end up mining at a pool that steals your hard-fought earnings.
Hash Rate
When it comes to mining Bitcoin, the probability of discovering the next block is directly related to the amount of hashing power you contribute to the network. Because of this, one of the major features you should be considering when selecting your pool is its total hash rate — which is often closely related to the proportion of new blocks mined by the pool
Since the total hash rate of a pool is directly related to how quickly it discovers new blocks, this means the largest pools tend to discover a relative majority of blocks — leading to more regular rewards. However, the very largest pools also tend the have higher fees but often make up for this with sheer success and additional features.
Sometimes, some of the largest pools have a minimum hash rate requirement ù leaving some of the smaller miners left out of the loop. Although smaller pools typically have more relaxed requirements with reduced performance thresholds, these pools may be only slightly more profitable than mining solo.
Pool Fees
When choosing a suitable pool, typically one of the major considerations is its fees. Typically, most pools will charge a small fee that is deducted from your earnings and is usually around 1-2 percent — but sometimes slightly lower or higher.
There are also pools that offer 0 percent fees. However, these are often much smaller than the major pools and tend to make their money in a different way — such as through monthly subscriptions or donations.
Ideally, you will choose the pool that offers the best balance of fees to other features. Usually, the pool with the absolute lowest fees is not the best choice. Additionally, pools with the lowest fees often have the highest withdrawal minimums — making pool hopping uneconomical for most.
Usability and Features
When first starting out with Bitcoin mining, learning how to set up a pool and navigating through the settings can be a challenge. Because of this, several pools target their services to newer users by offering a simple to navigate user interface and providing detailed learning resources and prompt customer support.
However, for more experienced miners, simple pools don’t tend to offer a variety of features needed to maximize profitability. For example, although many mining pools focus their entire hash rate towards mining a single cryptocurrency, some are large enough to offer additional options — allowing users to mine other SHA256 coins such as Bitcoin Cash (BCH) or Fantom if they choose.
These pools are technically more challenging to use and mostly designed for those familiar with mining, happy to hop from coin to coin mining whichever is most profitable at the time. There are even some exchanges that automatically direct their combined hash rate at the most profitable cryptocurrency — taking the guesswork out of the equation.
bitcoin mining pool
Best Mining Pools for 2019
The Bitcoin mining pool industry has a large number of players, but the vast majority of the Bitcoin hash rate is concentrated within just a few pools. Currently, there are dozens of suitable pools to choose from — but we have selected just a few of the best to help get you started on your journey.
Slushpool was the first Bitcoin mining pool released, being launched way back in 2010 under the name “Bitcoin Pooled Mining Server.” Since then, Slushpool has grown into one of the most popular pools around — currently accounting for just under 10 percent of the total Bitcoin hash rate.
Although Slushpool isn’t one of the very largest pools, it does offer a newbie-friendly interface alongside more advanced features for those that need them. The pool has moderately high fees of 2 percent but offers servers in several countries — including the U.S., Europe, China, and Japan — giving it a good balance of fees to features.
BTC.com is another potential candidate for your pool and currently stands as the largest public Bitcoin mining pool. It is responsible for mining around 17 percent of new blocks. Being the largest public mining pool provides users with a sense of security, ensuring blocks are mined regularly and a stable income is made.
Image courtesy of Blockchain.info.
BTC.com is owned by Bitmain, a company that manufacturers mining hardware, and charges a 1.5 percent fees — placing it squarely in the middle-tier in terms of fees. Unlike other platforms, BTC.com uses its own payment structure known as FPPS (Full Pay Per Share), which means miners also receive a share of the transaction fees included within mined blocks — making it slightly more profitable than standard payment per share (PPS) pools.
Another great option is Antpool, a mining pool that supports mining services for 10 different cryptocurrencies, including Bitcoin, Litecoin (LTC) and Ethereum (ETH). AntPool frequently trades places with BTC.com as the largest Bitcoin mining pool. However, as of this writing, it occupies the title of the third-largest public mining pool.
What sets Antpool apart from other pools is the ability to choose your own fee system — including PPS, PPS+, and PPLNS. If you choose PPLNS, using Antpool is free but you will not receive any transaction fees from any blocks mined. Antpool also offers regular payouts and has a low minimum payout of just 0.001 BTC, making it suitable for smaller miners.
Last on the list of the best Bitcoin mining pools in 2019 is the Bitcoin.com mining pool. Although this is one of the smaller pools available, the Bitcoin.com pool has some redeeming features that make it worth a look. It offers mining contracts, allowing you to test out Bitcoin mining before investing in mining equipment of your own. According to Bitcoin.com, they are the highest paying Pay Per Share (PPS) pool in the world, offering up to 98 percent block rewards as well as automatic switching between BTC and BCH mining to optimize profitability.

Electricity Costs
While your mining hardware is most important when it comes to how much BTC you can earn when mining, your electricity costs are usually the largest additional expense. With electricity costs often varying dramatically between countries, ensuring you are on the best cost-per-KWh plan available will help to keep costs down when mining.
Most commonly, large mining operations will be set up in countries where electricity costs are the lowest — such as Iceland, India, and Ukraine. Since China has one of the lowest energy costs in the world, it was previously the epicenter of Bitcoin mining. However, since the government began cracking down on cryptocurrencies, it has largely fallen out of favor with miners.
Technically, Venezuela is one of the cheapest countries in the world in terms of electricity, with the government heavily subsidizing these energy costs — while Bitcoin offers an escape from the hyperinflation suffered by the Venezuelan bolivar. Despite this, importing mining hardware into the country is a costly endeavor, making it impractical for many people.
Finding ways to lower your electricity costs is one of the best ways to improve your mining profitability. This can include investing in renewable energy sources such as solar, geothermal, or wind — which can yield increased profitability over the long term.
if you are looking to buy bitcoin mining equipment here is some links:

Model Antminer S17 Pro (56Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 56Th/s for a power consumption of 2385W.
https://miningwholesale.eu/product/bitmain-antminer-s17-pro-56th-copy/?wpam_id=17
Model Antminer S9K from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1323W.
https://miningwholesale.eu/product/bitmain-antminer-s9k-14-th-s/?wpam_id=17
Model T2T 30Tfrom Innosilicon mining SHA-256 algorithm with a maximum hashrate of 30Th/s for a power consumption of 2200W.
https://miningwholesale.eu/product/innosilicon-t2t-30t/?wpam_id=17
mining wholesale website:
https://miningwholesale.eu/?wpam_id=17
submitted by mohamadk to Bitcoin [link] [comments]

[META] New to PC Building? - September 2018 Edition

Intro

You've heard from all your gaming friends/family or co-workers that custom PCs are the way to go. Or maybe you've been fed up with your HP, Dell, Acer, Gateway, Lenovo, etc. pre-builts or Macs and want some more quality and value in your next PC purchase. Or maybe you haven't built a PC in a long time and want to get back into the game. Well, here's a good place to start.

Instructions

  1. Make a budget for your PC (e.g., $800, $1000, $1250, $1500, etc.).
  2. Decide what you will use your PC for.
    • For gaming, decide what games and at what resolution and FPS you want to play at.
    • For productivity, decide what software you'll need and find the recommended specs to use those apps.
    • For a bit of both, your PC build should be built on the HIGHEST specs recommended for your applications (e.g., if you only play FortNite and need CPU power for CFD simulations, use specs recommended for CFD).
    Here are some rough estimates for builds with entirely NEW parts:
    1080p 60FPS ultra-settings modern AAA gaming: ~$1,200
    1440p 60FPS high/ultra-settings modern AAA gaming: ~$1,600
    1080p 144FPS ultra-settings modern AAA gaming: $2,000
    4K 50FPS medium/high-settings modern AAA gaming: > $2,400
    It's noted that some compromises (e.g., lower settings and/or resolution) can be made to achieve the same or slightly lower gaming experience within ±15% of the above prices. It's also noted that you can still get higher FPS on older or used PCs by lowering settings and/or resolution AND/OR buying new/used parts to upgrade your system. Make a new topic about it if you're interested.
    Also note that AAA gaming is different from e-sport games like CSGO, DOTA2, FortNite, HOTS, LoL, Overwatch, R6S, etc. Those games have lower requirements and can make do with smaller budgets.
  3. Revise your budget AND/OR resolution and FPS until both are compatible. Compare this to the recommended requirements of the most demanding game on your list. For older games, you might be able to lower your budget. For others, you might have to increase your budget.
    It helps to watch gaming benchmarks on Youtube. A good example of what you're looking for is something like this (https://www.youtube.com/watch?v=9eLxSOoSdjY). Take note of the resolution, settings, FPS, and the specs in the video title/description; ask yourself if the better gaming experience is worth increasing your budget OR if you're okay with lower settings and lowering your budget. Note that you won't be able to see FPS higher than 60FPS for Youtube videos; something like this would have to be seen in-person at a computer shop.
  4. Make a build on https://ca.pcpartpicker.com/. If you still have no idea how to put together parts, start here (http://www.logicalincrements.com/) to get an understanding of PC part tiers. If you want more info about part explanations and brief buying tips, see the next section below.
  5. Click on the Reddit logo button next to Markup, copy and paste the generated text (in markup mode if using new Reddit), and share your build for review!
  6. Consider which retailer to buy your parts from. Here's a table comparing different retailers: https://docs.google.com/spreadsheets/d/1L8uijxuoJH4mjKCjwkJbCrKprCiU8CtM15mvOXxzV1s/edit?usp=sharing
  7. Buy your parts! Use PCPP above to send you e-mail alerts on price drops or subscribe to /bapcsalescanada for deals.
    You can get parts from the following PC retailers in alphabetical order:
  8. After procuring your parts, it's time to build. Use a good Youtube tutorial like this (https://www.youtube.com/watch?v=IhX0fOUYd8Q) that teach BAPC fundamentals, but always refer to your product manuals or other Youtube tutorials for part-specific instructions like CPU mounting, radiator mounting, CMOS resetting, etc. If it everything still seems overwhelming, you can always pay a computer shop or a friend/family member to build it for you.
    It might also be smart to look up some first-time building mistakes to avoid:
  9. Share your experience with us.
  10. If you have any other questions, use the search bar first. If it's not there, make a topic.

BAPC News (Last Updated - 2018/09/20)

CPU

https://www.tomshardware.com/news/intel-9000-series-cpu-faq,37743.html
Intel 9000 CPUs (Coffee Lake Refresh) will be coming out in Q4. With the exception of i9 (8-core, 12 threads) flagship CPUs, the i3, i5, and i7 lineups are almost identical to their Intel 8000 (Coffee Lake) series, but slightly clocked faster. If you are wondering if you should upgrade to the newer CPU on the same tier (e.g., i5-8400 to i5-9400), I don't recommend that you do as you will only see marginal performance increases.

Mobo

https://www.anandtech.com/show/13135/more-details-on-intels-z390-chipset-exposed
Z370s will now be phased out for Z390s boards, which will natively support Intel 9000 CPUs (preferably i5-9600K, i7-9700K, and i9-9900K).

GPU

https://www.youtube.com/watch?v=WDrpsv0QIR0
RTX 2080 and 2080 Ti benchmarks are out; they provide ~10 and ~20 frames better than the 1080 Ti and also feature ray tracing (superior lighting and shadow effects) which is featured in only ~30 games so far (i.e., not supported a lot); effectively, they provide +25% more performance for +70% increased cost. My recommendation is NOT to buy them unless you need it for work or have lots of disposable income. GTX 1000 Pascal series are still relevant in today's gaming specs.

Part Explanations

CPU

The calculator part. More GHz is analogous to fast fingers number crunching in the calculator. More cores is analogous to having more calculators. More threads is analogous to having more filing clerks piling more work for the calculator to do. Microarchitectures (core design) is analogous to how the internal circuit inside the calculator is designed (e.g., AMD FX series are slower than Intel equivalents even with higher OC'd GHz speeds because the core design is subpar). All three are important in determining CPU speed.
In general, higher GHz is more important for gaming now whereas # cores and threads are more important for multitasking like streaming, video editing, and advanced scientific/engineering computations. Core designs from both AMD and Intel in their most recent products are very good now, but something to keep in mind.

Overclocking

The basic concept of overclocking (OCing) is to feed your CPU more power through voltage and hoping it does calculations faster. Whether your parts are good overclockers depends on the manufacturing process of your specific part and slight variations in materials and manufacturing process will result in different overclocking capability ("silicon lottery"). The downside to this is that you can void your warranties because doing this will produce excess heat that will decrease the lifespan of your parts AND that there is a trial-and-error process to finding OC settings that are stable. Unstable OC settings result in computer freezes or random shut-offs from excess heat. OCing will give you extra performance often for free or by investing in a CPU cooler to control your temperatures so that the excess heat will not decrease your parts' lifespans as much. If you don't know how to OC, don't do it.

Current Products

Intel CPUs have higher GHz than AMD CPUs, which make them better for gaming purposes. However, AMD Ryzen CPUs have more cores and threads than their Intel equivalents. The new parts are AMD Ryzen 3, 5, or 7 2000 series or Intel i3, i5, or i7 8000 series (Coffee Lake). Everything else is outdated.
If you want to overclock on an AMD system, know that you can get some moderate OC on a B350/B450 with all CPUs. X370/X470 mobos usually come with better VRMs meant for OCing 2600X, 2700, and 2700X. If you don't know how to OC, know that the -X AMD CPUs have the ability to OC themselves automatically without manually settings. For Intel systems, you cannot OC unless the CPU is an unlocked -K chip (e.g., i3-8350K, i5-8600K, i7-8700K, etc.) AND the motherboard is a Z370 mobo. In general, it is not worth getting a Z370 mobo UNLESS you are getting an i5-8600K and i7-8700K.

CPU and Mobo Compatibility

Note about Ryzen 2000 CPUs on B350 mobos: yes, you CAN pair them up since they use the same socket. You might get an error message on PCPP that says that they might not be compatible. Call the retailer and ask if the mobo you're planning on buying has a "Ryzen 2000 Series Ready" sticker on the box. This SHOULD NOT be a problem with any mobos manufactured after February 2018.
Note about Intel 9000 CPUs on B360 / Z370 mobos: same as above with Ryzen 2000 CPUs on B350 or X370 boards.

CPU Cooler (Air / Liquid)

Air or liquid cooling for your CPU. This is mostly optional unless heavy OCing on AMD Ryzen CPUs and/or on Intel -K and i7-8700 CPUs.
For more information about air and liquid cooling comparisons, see here:

Motherboard/mobo

Part that lets all the parts talk to each other. Comes in different sizes from small to big: mITX, mATX, ATX, and eATX. For most people, mATX is cost-effective and does the job perfectly. If you need more features like extra USB slots, go for an ATX. mITX is for those who want a really small form factor and are willing to pay a premium for it. eATX mobos are like ATX mobos except that they have more features and are bigger - meant for super PC enthusiasts who need the features.
If you are NOT OCing, pick whatever is cheap and meets your specs. I recommend ASUS or MSI because they have RMA centres in Canada in case it breaks whereas other parts are outside of Canada like in the US. If you are OCing, then you need to look at the quality of the VRMs because those will greatly influence the stability and lifespan of your parts.

Memory/RAM

Part that keeps Windows and your software active. Currently runs on the DDR4 platform for new builds. Go for dual channel whenever possible. Here's a breakdown of how much RAM you need:
AMD Ryzen CPUs get extra FPS for faster RAM speeds (ideally 3200MHz) in gaming when paired with powerful video cards like the GTX 1070. Intel Coffee Lake CPUs use up a max of 2667MHz for B360 mobos. Higher end Z370 mobos can support 4000 - 4333MHz RAM depending on the mobo, so make sure you shop carefully!
It's noted that RAM prices are highly inflated because of the smartphone industry and possibly artificial supply shortages. For more information: https://www.extremetech.com/computing/263031-ram-prices-roof-stuck-way

Storage

Part that store your files in the form of SSDs and HDDs.

Solid State Drives (SSDs)

SSDs are incredibly quick, but are expensive per TB; they are good for booting up Windows and for reducing loading times for gaming. For an old OEM pre-built, upgrading the PC with an SSD is the single greatest speed booster you can do to your system. For most people, you want to make sure the SSD you get is NOT DRAM-less as these SSDs do not last as long as their DRAM counterparts (https://www.youtube.com/watch?v=ybIXsrLCgdM). It is also noted that the bigger the capacity of the SSD, the faster they are. SSDs come in four forms:
The 2.5" SATA form is cheaper, but it is the old format with speeds up to 550MB/s. M.2 SATA SSDs have the same transfer speeds as 2.5" SATA SSDs since they use the SATA interface, but connect directly to the mobo without a cable. It's better for cable management to get an M.2 SATA SSD over a 2.5" SATA III SSD. M.2 PCI-e SSDs are the newest SSD format and transfer up to 4GB/s depending on the PCI-e lanes they use (e.g., 1x, 2x, 4x, etc.). They're great for moving large files (e.g., 4K video production). For more info about U.2 drives, see this post (https://www.reddit.com/bapccanada/comments/8jxfqs/meta_new_to_pc_building_may_2018_edition/dzqj5ks/). Currently more common for enterprise builds, but could see some usage in consumer builds.

Hard Disk Drives (HDDs)

HDDs are slow with transfer speeds of ~100MB/s, but are cheap per TB compared to SSDs. We are now at SATA III speeds, which have a max theoretical transfer rate of 600MB/s. They also come in 5400RPM and 7200RPM forms. 5400RPM uses slightly less power and are cheaper, but aren't as fast at dealing with a large number of small files as 7200RPM HDDs. When dealing with a small number of large files, they have roughly equivalent performance. It is noted that even a 10,000RPM HDD will still be slower than an average 2.5" SATA III SSD.

Others

SSHDs are hybrids of SSDs and HDDs. Although they seem like a good combination, it's much better in all cases to get a dedicated SSD and a dedicated HDD instead. This is because the $/speed better for SSDs and the $/TB is better for HDDs. The same can be said for Intel Optane. They both have their uses, but for most users, aren't worth it.

Overall

I recommend a 2.5" or M.2 SATA ≥ 250GB DRAM SSD and a 1TB or 2TB 7200RPM HDD configuration for most users for a balance of speed and storage capacity.

Video Card/GPU

Part that runs complex calculations in games and outputs to your monitor and is usually the most expensive part of the budget. The GPU you pick is dictated by the gaming resolution and FPS you want to play at.
In general, all video cards of the same product name have almost the same non-OC'd performance (e.g., Asus Dual-GTX1060-06G has the same performance as the EVGA 06G-P4-6163-KR SC GAMING). The different sizes and # fans DO affect GPU OCing capability, however. The most important thing here is to get an open-air video card, NOT a blower video card (https://www.youtube.com/watch?v=0domMRFG1Rw). The blower card is meant for upgrading pre-builts where case airflow is limited.
For cost-performance, go for the NVIDIA GTX cards because of the cryptomining industry that has inflated AMD RX cards. Bitcoin has taken a -20% hit since January's $10,000+ as of recently, but the cryptomining industry is still ongoing. Luckily, this means prices have nearly corrected itself to original MSRP in 2016.
In general:
Note that if your monitor has FreeSync technology, get an AMD card. If your monitor has G-Sync, get a NVIDIA card. Both technologies allow for smooth FPS gameplay. If you don't have either, it doesn't really matter which brand you get.
For AMD RX cards, visit https://www.pcworld.com/article/3197885/components-graphics/every-amd-radeon-rx-graphics-card-you-can-buy-for-pc-gaming.html

New NVIDIA GeForce RTX Series

New NVIDIA 2000 RTX series have been recently announced and will be carried in stores in Q3 and Q4. Until all of the products have been fully vetted and reviewed, we cannot recommend those yet as I cannot say if they are worth what NVIDIA has marketed them as. But they will be faster than their previous equivalents and will require more wattage to use. The 2070, 2080, and 2080 Ti will feature ray tracing, which is a new feature seen in modern CG movies that greatly enhances lighting and shadow effects. At this time, < 30 games will use ray tracing (https://www.pcgamer.com/21-games-will-support-nvidias-real-time-ray-tracing-here-are-demos-of-tomb-raider-and-control/). It's also noted that the 2080 Ti is the Titan XP equivalent, which is why it's so expensive. (https://www.youtube.com/watch?v=Irs8jyEmmPQ) The community's general recommendation is NOT to pre-order them until we see some reviews and benchmarks from reviewers first.
Looks like a couple of benchmarks are out. While keeping other parts equal the following results were obtained(https://videocardz.com/77983/nvidia-geforce-rtx-2080-ti-and-rtx-2080-official-performance-unveiled). So the 2080 and 2080 Ti are better than last generation's 1080 Ti by ~10 and ~20 frames respectively.

Case

Part that houses your parts and protects them from its environment. Should often be the last part you choose because the selection is big enough to be compatible with any build you choose as long as the case is equal to or bigger than the mobo form factor.
Things to consider: aesthetics, case airflow, cable management, material, cooling options (radiators or # of fan spaces), # fans included, # drive bays, toolless installation, power supply shroud, GPU clearance length, window if applicable (e.g., acrylic, tempered glass), etc.
It is recommended to watch or read case reviews on Youtube to get an idea of a case's performance in your setup.

Power Supply/PSU

Part that runs your PC from the wall socket. Never go with an non-reputable/cheap brand out on these parts as low-quality parts could damage your other parts. Recommended branded PSUs are Corsair, EVGA, Seasonic, and Thermaltake, generally. For a tier list, see here (https://linustechtips.com/main/topic/631048-psu-tier-list-updated/).

Wattage

Wattage depends on the video card chosen, if you plan to OC, and/or if you plan to upgrade to a more powerful PSU in the future. Here's a rule of thumb for non-OC wattages that meet NVIDIA's recommendations:
There are also PSU wattage calculators that you can use to estimate your wattage. How much wattage you used is based on your PC parts, how much OCing you're doing, your peripherals (e.g., gaming mouse and keyboard), and how long you plan to leave your computer running, etc. It is noted that these calculators use conservative estimates, so use the outputted wattage as a baseline of how much you need. Here are the calculators (thanks, VitaminDeity).
Pick ONE calculator to use and use the recommended wattage, NOT recommended product, as a baseline of what wattage you need for your build. Note that Cooler Master and Seasonic use the exact calculator as Outervision. For more details about wattage, here are some reference videos:

Modularity

You might also see some info about modularity (non-modular, semi-modular, or fully-modular). These describe if the cables will come connected to the PSU or can be separated of your own choosing. Non-modular PSUs have ALL of the cable connections attached to the PSU with no option to remove unneeded cables. Semi-modular PSUs have separate cables for HDDs/SSDs and PCI-e connectors, but will have CPU and mobo cables attached. Modular PSUs have all of their cables separate from each other, allowing you to fully control over cable management. It is noted that with decent cooling and airflow in your case, cable management has little effect on your temperatures (https://www.youtube.com/watch?v=YDCMMf-_ASE).

80+ Efficiency Ratings

As for ratings (80+, 80+ bronze, 80+ gold, 80+ platinum), these are the efficiencies of your PSU. Please see here for more information. If you look purely on electricity costs, the 80+ gold PSUs will be more expensive than 80+ bronze PSUs for the average Canadian user until a breakeven point of 6 years (assuming 8 hours/day usage), but often the better performance, longer warranty periods, durable build quality, and extra features like fanless cooling is worth the extra premium. In general, the rule of thumb is 80+ bronze for entry-level office PCs and 80+ gold for mid-tier or higher gaming/workstation builds. If the price difference between a 80+ bronze PSU and 80+ gold PSU is < 20%, get the 80+ gold PSU!

Warranties

Warranties should also be looked at when shopping for PSUs. In general, longer warranties also have better PSU build quality. In general, for 80+ bronze and gold PSU units from reputable brands:
Any discrepancies are based on varied wattages (i.e., higher wattages have longer warranties) or updated warranty periods. Please refer to the specific product's warranty page for the correct information. For EVGA PSUs, see here (https://www.evga.com/support/warranty/power-supplies/). For Seasonic PSUs, see here (https://seasonic.com/support#period). For Corsair PSUs, see here (https://www.corsair.com/ca/en/warranty).
For all other PSU inquiries, look up the following review sites for the PSUs you're interested in buying:
These guys are engineering experts who take apart PSUs, analyze the quality of each product, and provide an evaluation of the product. Another great website is http://www.orionpsudb.com/, which shows which PSUs are manufactured by different OEMs.

Operating System (OS)

Windows 10

The most common OS. You can download the ISO here (https://www.microsoft.com/en-ca/software-download/windows10). For instructions on how to install the ISO from a USB drive, see here (https://docs.microsoft.com/en-us/windows-hardware/manufacture/desktop/install-windows-from-a-usb-flash-drive) or watch a video here (https://www.youtube.com/watch?v=gLfnuE1unS8). For most users, go with the 64-bit version.
If you purchase a Windows 10 retail key (i.e., you buy it from a retailer or from Microsoft directly), keep in mind that you are able to transfer it between builds. So if you're building another PC for the 2nd, 3rd, etc. time, you can reuse the key for those builds PROVIDED that you deactivate your key before installing it on your new PC. These keys are ~$120.
However, if you have an OEM key (e.g., pre-builts), that key is tied specifically to your mobo. If you ever decide to upgrade your mobo on that pre-built PC, you might have to buy a new Windows 10 license. For more information, see this post (https://www.techadvisor.co.uk/feature/windows/windows-10-oem-or-retail-3665849/). The cheaper Windows 10 keys you can find on Kinguin are OEM keys; activating and deactivating these keys may require phoning an automated Microsoft activation line. Most of these keys are legitimate and cost ~$35, although Microsoft does not intend for home users to obtain this version of it. Buyer beware.
The last type of key is a volume licensing key. They are licensed in large volumes to corporate or commercial usage. You can find lots of these keys on eBay for ~$10, but if the IT department who manages these keys audit who is using these keys or if the number of activations have exceeded the number allotted on that one key, Microsoft could block that key and invalidate your license. Buyer beware.
For more information on differentiating between all three types of keys, see this page (https://www.tenforums.com/tutorials/49586-determine-if-windows-license-type-oem-retail-volume.html).
If money is tight, you can get Windows 10 from Microsoft and use a trial version of it indefinitely. However, there will be a watermark in the bottom-right of your screen until you activate your Windows key.

MacOS

If you're interested in using MacOS, look into Hackintosh builds. This will allow you to run MacOS to run on PC parts, saving you lots of money. These builds are pretty picky about part compatibility, so you might run into some headaches trying to go through with this. For more information, see the following links:

Linux

If you're interested in a free open-source OS, see the following links:
For more information, go to /linux, /linuxquestions, and /linux4noobs.

Peripherals

Monitors

Keyboards and Mice

Overall

Please note that the cost-performance builds will change daily because PC part prices change often! Some builds will have excellent cost-performance one day and then have terrible cost-performance the next. If you want to optimize cost-performance, it is your responsibility to do this if you go down this route!
Also, DO NOT PM me with PC build requests! It is in your best interests to make your own topic so you can get multiple suggestions and input from the community rather than just my own. Thanks again.

Sample Builds

Here are some sample builds that are reliable, but may not be cost-optimized builds. These builds were created on September 9, 2018; feel free to "edit this part list" and create your own builds.

Links

Helpful links to common problems below:

Contributors

Thanks to:

Housekeeping

2019/09/22
2019/09/18
Updates:
2019/09/09
Updates:
Sorry for the lack of updates. I recently got a new job where I work 12 hours/day for 7 days at a time out of the city. What little spare time I have is spent on grad school and the gym instead of gaming. So I've been pretty behind on the news and some might not be up-to-date as my standards would have been with less commitments. If I've made any mistakes, please understand it might take a while for me to correct them. Thank you!
submitted by BlackRiot to bapccanada [link] [comments]

The 47Mh/s+ P102-100 Crypto Mining GPU: BuriedONE's Opinion. 1.5 hours of Solar Power Bitcoin Mining!!!!! Nvidia GeForce 920M GPU mining how to work for earn btc via bitcoin miner Pakistan & Gpu rig mining eth ethereum zec zcash dash GPU vs A10 ASIC Mining Ethereum Comparison - YouTube GPU MINING IS OVERHYPED: ASIC VS GPU COMPARISON

Best GPU for mining. When it comes to building a dedicated mining GPU rig and choosing the GPUs, there are no needs for a GPU to have high frame rates when gaming, since the GPU will not be used for gaming. The best GPU for mining would be the one that reaches ROI (return of investment) first. Of course, this does not only depend on the daily ... GPU (Graphics Processing Unit) is also known as video cards. It is not as powerful as ASIC, but GPU is more flexible in their application. The GPUs are often used in computer games for smooth flow of 3D animation and video. GPU can mine much faster than CPU. In order to mine Bitcoin, you need to have at least one GPU installed on your computer ... In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity. Many of these costs will vary by country. Is it cheap to buy GPUs in your country? Cost of electricity by country - most expensive to least. Since most GPUs are sold on Amazon and eBay, if you ... Search, order and filter through all bitcoin mining companies, mining pools, bitcoin mining equipment and ASICs and ethereum cloud mining contracts. Prices are updated every ten minutes so it is easy to find the top miner for your needs. Want to buy mining bitcoin hardware or ethereum mining graphics cards or GPU's? Use our tables and rankings to find the best products - list rigs and ASICS by ... A dedicated graphics card has the GPU mounted on a dedicated circuit board with separate display connections in addition to your motherboard. A dedicated graphics card is also able to handle more intense graphical needs and demands than an integrated graphics card. Integrated graphics cards (IGPUs) are part of most non-gaming computers. IGPUs are very cost effective and are able to handle most ...

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The 47Mh/s+ P102-100 Crypto Mining GPU: BuriedONE's Opinion.

Today's video was made thanks to the many requests i have received today for my opinion about this new P102-100 Mining graphics cards from NVidia! To be honest this seems to be more of a joke than ... Today's source shows us the new Innosilicon A10 ASIC miner for Ethereum. As the price, performance and power usage was shown on the presentation, i decided t... #bitcoin #gpumining #gpumining2019 Today we're going to highlight 6 reasons why to start GPU mining in 2019, discussing GPU mining 2019 and GPU mining profit... bitcoinminer.com.pk. 03003373141. Bitcoin Mining Pakistan. Gpu rig Pakistan. My Mining Farm of Gpu Rig Mining different coins. Now a days mine zcash. you can... GPU vs A10 ASIC Mining Ethereum Comparison - Duration: 7:51. BuriedONE 11,325 views. 7:51 . Dark Ages Crossbow - Full making process - Duration: 36:09. Tod's Workshop Recommended for you. 36:09 ...

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