BITCOIN MINING HASHRATE GPU – Pickvasc93roa

[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]

How to Get The Most Profitable Cryptocurrencies to Mine and More in Google Sheets

Original Medium post found here: https://medium.com/spreadstreet/how-to-get-the-most-profitable-cryptocurrencies-to-mine-and-more-in-google-sheets-7b2ad2ebbdcd
One of the most challenging aspects of cryptocurrency mining is finding the most profitable coins to mine.
A few services exist, but nothing beats what the creators of WhatToMine.com have done in a few short months.
The big benefit of the data offered by WhatToMine is a ranking of cryptocurrencies by mining profitability.
The =SS() function, available in Google Sheets as part of the Spreadstreet Google Sheets Add-in, allows the user to pull in two seperate endpoints from the WhatToMine API:
  1. Stats — Used to compare the profitability of all GPU based cryptocurrencies
  2. ASIC — Used to compare the profitability of all ASIC coins

How to install

1. Go to the “Add-ons” menu, and click on “Get add-ons”.

Get Add-ons Menu

2. On the Add-ons panel, search for “Spreadstreet”, click on “+ FREE” to install it.

Click on +Free to install

3. Choose under which account you want to install the Add-on.

Choose Gmail Account

4. Spreadstreet needs to connect to an external API, click on “Allow”.

Click "Allow" when prompted
Note on security: All add-ins within the store go through a review. This is a wonderful security measure, especially in the Crypto industry, which is rife with scams and hacks.

5. Make sure the add-on is activated in your sheet:

  1. Go to Add-on > Spreadstreet > Help
  2. Click on View in store , then click on Manage and check Use in this document:
Click "Use in this document"
Tadaa You are now able to use the =SS() function to pull in all sorts of amazing data within the cryptocurrency space.
Example =SS() usage

How to use for GPU-Mineable Coins

How does WhatToMine calculate profitability for GPU-mineable cryptocurrencies?
What is the calculation missing?
Get most profitable GPU coins
Call the function =SS(“get-stats-whattomine”, true) to return various stats from GPU-minable cryptocurrencies.
Example usage using the GUI:
Open the Add-in

Click “Add” to view the list of available APIs

Click on the “WhatToMine” icon

Click “Stats”

Click “Insert”

Click “Run”. This will paste values into the currently selected Cell, and save that in the main GUI for future retrieval

Example usage using the =SS() Formula:

=QUERY(A:W,”select A, T where T is not null order by T desc”) returns the most profitable GPU-minable cryptocurrencies.

How to use for ASIC-Mineable Coins

How does WhatToMine calculate profitability for ASIC-mineable cryptocurrencies?
What is the calculation missing?
Get most profitable ASIC coins
Call the function =SS(“get-asic-whattomine”, true) to return various stats from ASIC-minable cryptocurrencies.
Example usage:

=QUERY(A:W,”select A, T where T is not null order by T desc”) returns the most profitable GPU-minable cryptocurrencies.

Common issues and how to fix:

  1. Do not keep your sheet open at all time. This will prevent the rates from refreshing. The rates will auto-refresh each time you re-open your sheet.
  2. The add-on may not work right away on other old spreadsheets. You need to do this to activate Spreadstreet: Open the old sheet, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document .

RESOURCES

Download the add-in: https://spreadstreet.io/tools/google-sheets-add-in
Help: https://spreadstreet.io/docs
First time install and login: https://www.youtube.com/watch?v=aLjtPR4T2bg
WhatToMine Stats endpoint help: https://spreadstreet.io/knowledge-base/whattomine-api-get-stats-endpoint/

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submitted by 1kexperimentdotcom to gpumining [link] [comments]

Why Am I making less that before-Market Trends Explained!!

Hi folks recently I had been following reditt and it's pretty funny to see people jumping into crypto currency mining without understanding the basics and how markets in general work.I would like to answer some of these questions here
Q1.Why is Nicehash payment soo low compaired to couple of months back.Even after bit coins has recoverd in value since
A- 4 Reasons
1.Sudden Influx of new miners into nicehash and into the mining game in general due to the bull run (up market) in crypto currencies that we say in the past couple of months .On the day A Video on NH by Youtuber austin Evans was relseased we recorded a sudden increase in the global hashing power,which was never seen before .AFTER EVERY SUDDEN RISE THERE IS A SUDDEN FALL.-economics 101
2.Remeber NH doesn't mine a single coin it mines algorithim that can be shared by multiple coins and you are generally paid based on several factors like Btc/$ rates,current rates of other mined currencies like ZCASH (equihash),ETH (daggerhashimoto),etc and most importantly the SUPPLY (no.of gpus pointed at HN) Vs. DEMAND (No.Of buyers buying the hashing power coming out of the gpus).Since more people discoverying about the eazy 1 click "Sell hashing power" feature on NH and have no idea about the complicated "buying hashing power" section leads to more SUPPLY less DEMAND = LOW PAYOUTS
3.On NH You are only decrypting a gpu supported algorithm which is shared by many coins,all of these coins also known as alt coins are pegged against Bitcoins which is inturn by most people pegged against the dollar.So the change in the value of any one of these factors ie.Hashing PoweAlt coin demand and difficulty/Bitcoins value/Dollar fiat currency value can change your daily payout.
4.zcash,eth and other gpu mined coins still didnot fully recover to the value it had a couple of monts ago its recovering very slowly
4.Low Demand from buyer of hashing power due to uncertanity in the mining world due to Changes been made into the bitcoin system on August 1
August 1 Uncertanity = Scared Market = Low demand =Bear Run (down market).Read more only about that
Note- Nicehash payouts has increased around 30% as bitcoin rates to dollar rate had also shown a similar up trend,since you are paid in mBtc or bitcoins in general never compare your NH Bitcoin payments with fiat currency ($€£¥,etc) because that $10 that you hold in btc now can be $30 in the future if bitcoin rates rises in the future.Happened in the past with my friends who sold a lot of mined bit coins in 2013 for mere dollars ,the value of those bit coins are now in millions.Then again if Btc crashes your held $10 in bitcoins can fall to mere 0.
Since sometimes history repeats holding mined or bought btc for some time is more profitable than selling now.The price of btc will standardise one day if more and more people start adopting btc payments and there will be marginal profits to be made then by trading or mining coins (eg .modern fiat currency trading or gold trading).Again it's just a speculation based on historical analysis.
Q2.When will my GPU's become FREE
A1.NOW,ie.if you scored your cards before gpu prices skyrocketed if you sell them now the money you made till now by mining will be free+extra premium for the cards.Mosr cards come with 3yrs warrenty so that helps with the sale
Your GPU ROI is paid the day you make 40% of what you paid for your gpu by mining ,the other 60% of the ROI can comes from selling your cards.These days even used cards are sold for 110% the price of the Box price as new cards are sold for 150-200% the original price.
Price of mining/gaming grade GPU is at all time high now even though Gtx 1070/1080 and Amd RX cards are nearing the 2nd half of there life cycle .We see new faster and cheaper cards every 2 years or so.so the price of your mining cards will keep going down from now on as new surplus stock of these cards will be out in August-September and New mining cards are coming out around September aswell.Better invest in new cards to stay ahead in the mining game.
Q3.They why dont You sell your cards You are Mining right?
A1.Im under the assumption that Bitcoins will one day touch $5000 mark one day.so what ever I'm mining now if compared to the my investment and the current market I will be making my ROI in 1year plus or maybe never as difficulty of mining increases every now and then but I think bitcoin is a very functional form to currency it can add a lot of value to our society (FUN FACT-Do you know private bank can print free money,Google it up) bit coins patches all the problems with out current centralised money system making us slave for the govt.Bitcoins is the future of money
So if i follow this single idea of bit coins getting to $5000 one day my $100 is btc today will be around $280 approx. Or could be $50 .
YOU CAN NEVER ACCURATELY SPECULATE IN AN OPEN MARKET.So Stop fantasizing about getting rich quick by mining if you can do it then so the guy living next door.Have trust on crypto coins use them to buy stuff that helps making the whole currency valuable and your coins as well.
Q4.Mining Via NH vs Mining Altcoin directly vs Mining bit coins vs trading coins.
A1.Mining Via NH-Hassle free,Paid in btc,auto switching,optimised and stable than all.Saves a lot of time=More hashing time=more earning. You do pay a small % as frees but that's negligible compared to the time it saves.
Mining Directly - Hasselous,manual setup,non noob friendly,you get to keep all the profits plus you are mining an alt coin directly so if your cards are good at one or two coins then more profit here plus you are look the market and mine anything that high today Or would increase in a couple of days and sell later for a huge profit.Smart human auto switching makes you more money than NH. It's more fun but takes more time.
Mining Bitcoins-No You can't,too difficult to mine btc with gpu the Chinese got a lot of the bitcoin mining mega farms.
Trading coins-Always profitable bought bit coins last month,sold yesterday making a sweet $3000 profit in 3 weeks.Buy now and sell later will always make you some profit since bit coins are finite in number like gold,you can't create new bit coins out of thin air.so if bitcoin catches and more people know about it it's value can go though the roof.
Q4.Any better way to mine? ASIC vs Bitman miners vs Gpu rigs
A4. Now folkes asic miners (bitman miners) eta can mine better than any gpu in the market they are specifically built for mining a certain algorithm(coin) ie.No auto switching .So if the coin falls in value you are left with the most advance and expensive door stopper in the world.No one would touch the hardware and it's value could be zero in a day.Usually these miners loose all it's value in 1 yr or 2 as difficulty increases
Not so with GPUs.Say I have 2 gtx1070 and a gtx 970 bought for say $1300 (same price as a asic miner) mining 24/7 and I earn some bit coins (surely a bit less than mining on an asic) but again next year say all my cards become unprofitable by mining then I'm still the owner of with a super advance and a very expensive gaming rig on which I can do multiple display and also multiple instance of gaming. I can sell the 1070 and 970 to a gamer with 2yr warranty on those cards and I can make the reminder as gaming never falls out of favour.Remeber these cards can still decrypt other stuff like Wi-Fi passwords and physical stimulation and calculations in minutes,that's how hard mining has got and difficulty will increase overtime.
Q.Any suggestions ?
A.I can share my plans
Gameplan 1=Buy Newer cards quick in September ,Enjoy higher mining payouts,others will follow,mining hardware increases in price,then market crashes for sometime,you made your money,sell your cards for 100-150% the original value.Live happy every and after
Gameplan2-Buy bit coins today,wait till the prices reaches another all time high ,happens every year,Sell and don't forget to live happy every and after,
A happy man is some one with no money to worry about. -My Father said to me the day I started mining.
submitted by Miningforbeer to NiceHash [link] [comments]

Updated FAQs for newcomers

TL:DR: Don't bother mining if you want to get rich yo. You're way too late to the party.
Welcome to the exciting and often stressful world of bitcoin! You are wondering what looks like a once in a lifetime opportunity to get rich quick. Of course you guys probably heard about this "mining" process but what is this?
Simply put, a bitcoin mining machine that performs complicated calculations and when deemed correct by the network, receives a block which contains 25 bitcoins (XBT). This is how bitcoins are generated. So your brain instantly thinks, "Holy shit, how can I get on this gold rush?"
Before you proceed further, I would like to explain the concept of mining further. Bitcoin is limited 21m in circulation. It is coded to release a certain number of blocks at a certain time frame, ie: this year the network will release close to 500,000 bitcoins. What this means is that the more people (or specifically the amount of mining power) mine, the less each person gets. The network tries to keep to this time frame through the process of difficulty adjustments which makes the calculations harder and this happens every 2 weeks. So every 2 weeks, you get less bitcoins with the same hash rate (mining power) based on what the difficulty changes are. Recently, the changes have been pretty staggering, jumping 226% in 2 months. You can see the difficulty changes here.
Now, why are these changes so large?
A bit of a simple history. Bitcoin's algorithm runs on SHA-256. This algorithm can be solved using many hardware, from CPU to GPU and dedicated hardware (Application Specific Integrated Circuits). When bitcoin first started, mining on CPU was a trivial process, you can pretty much earn 50 XBT (the block size then) every few hours between Q1 and Q2 of 2010.
In late 2010, due to the difficulty increase that is reducing the effectiveness of CPU mining, people started to harness GPU mining. Only AMD GPU's architecture design are better optimized for bitcoin mining so this is what the community used. Immediate improvements of more than 10x was not uncommon.
In time of course, GPUs reached their limit and people started to build dedicated. In the same vein as the CPU to GPU transition, similar performance increase was common. These ASICs can only perform SHA-256 calculation so they can be highly optimized. Their performance mainly depends on the die size of the chips exactly like CPU chips.
In general, think of bitcoin mining's technological advancement no different to mining gold. Gold panning (CPUs) vs pickaxes (GPUs) vs machinery (ASICs) and we are still in the ASIC mining race.
ASIC mining started with ASICMiner and Avalon being first to the market, both producing 130nm and 110nm chips. The technology are antiquated in comparison to CPUs and GPUs which are now 22nm with 14nm slated for Q1 next year by Intel but they are cheap to manufacture and with performance gains similar to the CPU to GPU transition, they were highly successful and popular for early adopters. At that point in time since there were less competing manufacturers and the low batch runs of their products, miners became really rich due to the slow increase in difficulty.
The good days came to an end mid August with an unprecedented 35% increase in difficulty. This is due to existing manufacturers selling more hardware and many other players coming onto the market with better hardware (smaller die). Since die shrinking knowledge and manufacturing process are well known along with a large technological gap (110nm vs 22nm), you get an arms race. Current ASIC makers are closing in on our technological limit and until everyone catches up, the difficulty jumps will be high because it is just too easy to get a performance increase. Most newer products run at 28nm and most chips are not well optimized, so it will be around another 6 to 9 months before we see hit a hard plateau with 22nm or 14nm chips. The estimated time frame is because manufacturing chips at 22nm or 14nm is a more difficult and expensive task. In the meantime most manufacturers will probably settle at 28nm and we will reach a soft plateau in about 3 months.
Now, you might ask these questions and should have them answered and if you have not thought about them at all, then you probably should not touch bitcoin until you understand cause you are highly unprepared and probably lose lots of money.
No. If you have to ask, please do not touch bitcoin yet. You will spend more on electricity cost than mining any substantial bitcoin. Seriously. At all. A 7990 would produce a pitiful 0.02879 XBT (USD $14 @ $500/XBT exchange rate) for the next 30 days starting 23 Nov 2013 at 35% difficulty increase.
And if you think you can mine on your laptop either on a CPU or GPU, you are probably going to melt it before you even get 0.01 XBT.
Probably not because you probably forgot that GPUs and CPUs produce a ton of heat and noise. You can try but I see no point earning < $20 bucks per month.
No, because your machine will probably not mine as much as buying bitcoins. This situation is called the opportunity cost. While you can still make money if XBT rise in value, it is a fallacy.
IE: if you start mining on 1 Dec 2013, a KnC Jupiter running at 450Gh/sec (KnC lies as not all chips run at 550Gh/sec) will yield you a total revenue of 9.5189 XBT with a profit of 0.7859 XBT in profit by 30th Jan 2014 at a constant difficulty increase of 35%. The opportunity cost is: 8.5910 XBT @ USD $580/XBT with USD $5,000 which is the cost of a KnC Jupiter. This is the best you can earn and it's a bloody optimistic assumption because:
The only circumstances where you will earn money is when XBT exchange rates is so high that it makes the opportunity cost pales in comparison. Unfortunately this is not the case. If XBT stabilized at 900/XBT today (20 Nov 2013) then we might have a good case.
The risk is just generally not worth it. Unless you have at least a hundred thousand and can make a contract with a manufacturer for a lower cost, do not bother. Just wait until the arms race is over then you can start mining.
Okay, go buy an AsicMiner USB Block Erupter. They are cheap and pretty fun to have.
Sure, just read the answer below on who NOT to go for. You are doing bitcoin a service by securing the network and you have our (the users') gratitude.
You can check out the manufacturers and their products below along with a calculator here.
If you still insist on buying, do not to go for BFL. Their track record is horrid and borderline scammish. KnC fucked up a lot with defective boards and chips. Personally, I think CoinTerra is the best choice.
Alternatively, you can go on the secondary market to buy a delivered product. You can get a better deal there if you know how to do your "return on investment (ROI)" calculation. Personally, I will go for a 45%-50% difficulty increase for the next 3 months for my calculations and a 2% pool fee.
However, most products on ebay are sold at a cost much higher than it should. bitcointalk.org is a cheaper place because everyone knows what are the true value is so you will find less options. If you are unclear or need assistance, please post a question.
I actually do not use any of the pools recommended to the left because I think they lack features.
My favourite is Bitminter (Variable fees based on features used; max 2%). It has all advanced features for a pool, very responsive and helpful owner on IRC. Variable fees is good for those who do not need a large feature set, even with all features turned on, it is still cheap.
Eligius (0% fees) has high value for money but lacks features. It has anonymous mining which might be attractive to certain subset of people but not for others. Many other community member and I disagree highly with the opinions of the owner on the direction of bitcoin. I do use his pool for now but I do so only because I share my miners with a few partners and anonymous mining allows us to monitor the machines without using an account. Bitminter uses only OpenID which is problematic for me.
BTC Guild (3% fees) is another big pool and is fully featured and does charge a premium for their fees. That said, they are the most stable of the lot. I do use them but do so only because my hoster uses them for monitoring. I try not to use them because a pool with a very large hash rate (they are the largest) presents a large vulnerability to bitcoin's network if compromised.
All of them pay out transaction fees.
submitted by Coz131 to BitcoinMining [link] [comments]

12 Reasons to Invest in Primecoin

‎1- Primecoin‬ is the First non Hash-Cash PoW Crypto-Currency.
2- Naturally Scarce
3- Very fast confirmations - 1min/block
4- Elastic supply
5- Primecoin is sustainable
6- Primecoin is currently the “fairest” coin to mine
7- Primecoin can introduce new participants to the new digital economy
8- Proof-of-work cryptos will gradually transition toward energy-multiuse, ie providing both security & technological computing values. And Primecoin is the pioneer in this realm.
9- Primecoin has anti-centralization features
10- Primecoin captures the Wasted Energy of Bitcoin's Algorithm - The mining is actually useful
11- Primecoin has direct by-products
12- Primecoin has been developed by Sunny King, one of the most talented crypto-technologists of the rank of Satoshi Nakamoto
submitted by crypto_coiner to primecoin [link] [comments]

The Battle of the Alt Blockchains

Bitcoin, for all intents and purposes is the winner in the crypto space, for now. It has an enormous lead in every category that I would judge a crypto-currency / payment system by. That is not why I’m here, 1st place does not matter at this time, we’re fighting for 2nd.
Bitcoin(and now SCRYPT coins) has a few issues that do not make it 100% ideal for a digital currency. Although I think that bitcoin is the future (at least in the near – midterm), it is not perfect. The problem, as many people here know, is the centralization of mining. The internet was created as a distributed system to defend itself from attacks. Hub and spoke models are being replaced by distributed networks as they are more resilient. Transmissions can route around damage instead of crossing a central hub which can be damaged, halting communication / transportation . This gives crypto a huge leg up over traditional fiat and it is also why Vertcoin is the superior #2 coin in the crypto space.
Here’s an image of a hub and spoke vs distributed network.
Hashing power gives a false sense of security. We hear it all of the time..ASICs increase network security as it defends the network from outside attacks. This is true, to a certain extent, but is also utter bullshit. ASIC technology, at this stage in the game, gives a massive first mover advantage. Chip makers can dominate a network. Scrypt coins are at the mercy of KNCMiner at this time and then whatever companies end up following them. For a fraction of the market cap of some of these coins you can have a chip designed and mass produced in China. Scrypt miners who now totally lack control over their mining profitability hope to receive their shiny new ASICs before difficulty is driven through the roof. We saw this with Butterfly Labs when everyone received their “money printers” well after the time they became worthless.
Central Points of Failure
When networks become centralized they contain points where damage can be inflicted. Crypto-currency networks are dependent on miners to process transactions, when the amount of actors in transaction processing is limited our precious technology begins to resemble the established banking system that many of us dislike, sure it is still more efficient, but it becomes open to damage and corruption. “Power corrupts, absolute power corrupts absolutely.” Resisting centralization is also resisting future corruption. We must resist, and remain open to adapt via Hard Forks whenever necessary. Software can be molded to fit the circumstances – let’s remain on the cutting edge and ensure a robust and distributed network is maintained.
Why Litecoin is a shitty Alt Blockchain.
Litecoin, although it has been a fantastic investment for those who got in early, is about to become a worthless coin. Litecoin has accomplished very little in its tenure as the #2 coin. The only advantage I can see is that up until this point it has maintained a distributed network, supported by GPU miners across the globe. Sure it’s block rate is faster but that point becomes irrelevant. Litecoin Developers have failed in their duty of maintaining a viable backup blockchain to bitcoin. That’s all it ever was and now, with the pending centralization via ASICs, it will become open to damage and corruption, and will no longer hold its place as a viable Alternative to Bitcoin.
Hundreds of Millions of Dollars are at stake, Now
Litecoin is valued at nearly $300 million USD. A huge sum and this is with what I believe to be a very suppressed price of bitcoin. The Litecoin mining community will soon experience a rapid decrease in numbers as their GPUs are no longer profitable to mine with. We, Vertcoin, are the logical place for them to point their rigs, and join our community. Our network will become much more robust in a massively and fairly distributed fashion. We’re currently valued at 1% of Litecoin! 1 lousy percent. We’ve got a lot of room to grow and a lot of work to do.
What We Can Do
Getting merchants to accept Vertcoin is great, but it is also very difficult at this time. The value proposition isn’t there. With bitcoin we’ve got a large community of people backed by $6 Billion of wealth, and we like to spend. That’s a huge difference compared to our little $3.4 million VTC. Merchants will come en emass once our value warrants it. Our community is made up, for the most part, of Miners. I’m not a miner myself, I’m an investor. Investors are required for VTC success, mining and spending doesn’t cut it, the increase in supply and the auto-dumping by miners will end up destroying us before we even fully get out of the gate. Spread the word, support your mining operation by also buying on exchanges, not selling. Partially mine other coins, sell them, and buy VTC. Buying pressure across the exchanges is absolutely required for us to become a viable alternative and Litecoin competitor.
www.helpareporter.com is a site you can site up for, for free, to receive emails from reporters looking for help on their new articles. I recommend signing up and sharing your expertise (and give VTC a shoutout) whenever it makes sense to. Our Development Team is strong, our community is constantly growing, and the centralization of SCRYPT currencies is in sight. Let’s do what we can to make Vertcoin a Litecoin competitor, the Alternative to bitcoin’s blockchain, and a possible future contender as the crypto King.
Disclaimer: I hold several VTC and my near term marketcap target is $40-60 million
2nd Disclaimer: I woke up hungover and started writing.
submitted by ConditionDelta to vertcoin [link] [comments]

Scam Scale Rating, auditing proposal

_trendspotter at /goodcoin brought up an evaluation we can use to at least measure, rate, or review cryptocurrency based on how good they are. Here at scamcoin I think we should come up the evaluation on how BAD these guys are, just the opposite of his scale. I suggest you should use this guide also as a reference when you are looking to INVEST in a cryptocurrency.
If you guys have suggestions/ideas feel free to bring it up. It is no way being objective but at least we can try. Power to the people.
The problem I still trying to sort out is to weight some features properly:
Anyway, the proposal
Scammy Scale Rating with simple Yes or No:
1) NOT de-centralize & Not open source 2) No open-source at the release 3) "Public offering" period where one has to pay to mine early 4) No fair launch announcement, unreasonable pre-mine and/or any insta-mine 5) Extremely low starting difficulty 6) No adoption among merchants/vendors/region/country. 7) No trading at big exchanges (e.g. not on BTC-e) 8) Not offer any new feature. Clonecoins or Litecoin forking 9) Bad developer supports, lack of community or forum 10) Releasing bad software that impedes certain users from using/mining the coin. Or "faulty" start, "nodes" problem 11) Slow transaction or confirmation time 12) Short block time when mining 13) Inflated to billion of shares/coins or unreasonable supplies 14) Pseudo mumbo jumbo descriptions of the cryptocurrency 15) Poor official website, hastily done 16) No anonymity support (no Zerocoin implementation) 17) Weak security, vulnerable to 51% attack (No POS or Proof of Stake) 18) Aggressive marketing campaign, hijacking forums and threads, tons of giveaways and faucets 19) Bloat future blockchain, e.g. 2GB-60-100GB wallet you have to update even though your wallet has 2 ABC coin. 20) Weak to ASIC,GPU,FPGA miners, BotNet, or does not give everyone at least a fair chance to mine
21) Reversible transaction -- Not sure if I should leave this out
22) Low mining profitability (vs mining Bitcoin)
23) Designed to be inflationary nature
24) No interest rate of earning coin per year
25) No Multi-hashing algorithms
26) Recent release
27) Pump and dump announcements (Twitter, Facebook, subreddits or forums) associated with said cryptocurrency
28) "Rebooting" the coin, or "coin makeover" to make it fair mining/distribution again
29) Shady developers' history and/or shady major fund backers' history/intention
30) No trendsetter or no noise around the web. Use Google Trend as a way to monitor buzzes.
Example:http://www.google.com/trends/explore#q=quark%20coin%2C%20bitcoin&cmpt=q 31) Not much liquidity and being dependent. How dependent of that alt-coin to that of Bitcoin? Meaning, if Bitcoin goes down 20% in value, will it also dip 20% or more?
32) Unknown or less coins' volume/share percentage jumped through the roof while other known coins have modest or small gain. Example: SexCoin jumped 1200% in a single day while Bitcoin gained 3.8%
33) "Pay first, deliver product [Bitcoin 2.0] later" - essentially investors are convinced they have to pay first in USD/bitcoin because they are promised by the developers/company to have an "EARLY START" or "EARLY SHARES" or "PRE-SHARES" on the best next-generation "Bitcoin 2.0" coin that will make Bitcoin obsolete and will be the next biggest thing in the universe. Except for the part where "the biggest thing in the universe" is nowhere to be seen.
34) Interoperability
35) Purely Proof-of-Stake (POS) coins
We then can further breakdown and give weigh point to each feature and start ranking them.
For example:
CrappyCoin : 10 yes, 15 No. A simple solution is each Yes = 1 point and each No = 0 point. However, subjectively some features should be weight more than others. I should point how to merchant adoption and trading/buy/sell at big exchanges, multi-hashing and fair mining for everyone should be scored higher. It goes hand-in-hand with its release date.
Feel free to discuss.
submitted by etparle to scamcoin [link] [comments]

FPGA Mining

A FPGA opensource miner has just been released running at 80Mhps but at a cost of $585. The efficiency is stated below quoted from a post in the thread.
At 80 MHps, I will need at least 3 of these to achieve a single 5830 hashrate. That is $595.-x 3 = $1785.- at full price, vs. $190.- for the 5830.
Giving the 5830 is consuming $11.- a month in electricity, and assuming this board will consume zero electricity, it will take more than 145 months, or 12 years to recover the investment, always comparing to a 5830.
BUT:
In this thread, someone mentioned he is doing 210Mhash/sec after some optimization but he will cease public posting of his development.
Apologies but no more development information will be posted. I've been offered a 25% share from someone that owns 2 FPGA clusters. If you haven't seen that type of hardware before think a 156 FPGAs per machine.
From those posts what we can understand is that the factors that affect FPGA now are high procurement cost, low running cost and ease of scalability . What this means is that with the increasing total hash rate of the network (30Ghash/day last difficultly adjustment) the question becomes when would the difficulty render GPU inefficient in contrast to running cost?
Remember to take into account FPGAs are usually run in clusters and even though it would not be beneficial to buy one outright, those who have access to FPGA are the first movers and eventual dominant forces of the mining market.
Of course, in the end, ASIC is where it's at. Anyone? =D
Edit: read more stuff, added info.
submitted by Coz131 to Bitcoin [link] [comments]

[Table] IAmA: I was a professional password cracker who taught government agents who's now working on a secure distributed communications & computation platform with bitcoin instead of upvotes. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-05-03
Link to submission (Has self-text)
Questions Answers
a more serious question, what is password cracking like? Bruteforcing hashes, looking through source code for vulnerabilities, doing advanced maths or something fourth? First I'd try to figure out if the software was merely using access denial or encryption. With access denial, the data isn't encrypted, but the software won't show you the data without the password. For purposes of criminal forensics, you're not allowed to change the data in any way for it to be admissible in court, but getting access to the file before you have a password can often be helpful. To figure that out, I'd just look at the file in a hex editor; if I could read it, it wasn't encrypted. The next easy step is to scan the program for cryptographic constants; these are things like s-boxes or tables of rotation constants or such that tell me what crypto functions, if any, are being used. For example, if I see 637c777b anywhere, I know it's probably using AES. If I see 77073096, that's a CRC32. If I see 67452301, it's using MD5. After that I'd use a debugger and a program like IDA Pro to start at the point where you type the password and figure out what the program does with it. This is what often took the most time and was the most tedious. Early versions of MS Access, for instance, just XORed the password with a fixed constant; anyone could break those passwords immediately. The toughest one that I was able to break was the encryption on WinZip; it was much better than most stuff I ran into, but still weak enough that I could break it. That was the one I enjoyed the most, like an extra-challenging Sudoku or something.
The hash function wasn't cryptographically strong, so I was able to run a lot of it backwards and get a enough constraints on the input to skip most possibilities. What is this process called if I wanted to learn about it in an academic setting? Cryptanalysis.
WinZip; it was much better than most stuff I ran into Is it any better than 7Zip? My attack was on the old encryption method. WinZip has since upgraded to AES, like 7-Zip. The only way to attack an archive made by a recent version of either of these is with a dictionary attack, trying every password.
What was the biggest password you ever cracked? Nowadays, most software companies use strong crypto, so the difficulty of cracking the password increases exponentially with the length. Back in the late 90s, it was mostly "roll your own", so the strength depended a lot more on the software than the password chosen.
That said, the password I was most pleased with was a 60-character randomly chosen password on a WinZip file using the ciphertext-only attack that later got published.
Was the content worth the effort? What was the content? The content was irrelevant to me; the fact that I had broken the encryption so thoroughly on such an important file format was the exciting bit. When it was in beta, the FBI started sending us files with suspected child porn for us to open. Thankfully I never had to look at any of it---that was someone else's job---but it felt good to know that I was able to help with that. Once we integrated it into the toolkit, of course, the FBI would just use our software themselves.
Now, though, I think that it's more important that people be taught what is right and have freedom---even if such drimes still exist---than to have a society in which every activity is so policed that crime is impossible. I think we should make it hard for the government to do such enormous, sweeping surveillance as we've discovered they've been doing.
If there's sufficient evidence to suspect someone of a crime, the government has plenty of resources to target that individual, and no software will prevent them getting the information they want. Splicious, if it is funded, will help in preventing surveilllance at national scales.
It's funny how no one seems to be responding to the thing you're actually talking about... it seems to me you're raising awareness about splicious. Can you say more about that? EDIT: I need to make clear that it doesn't fully exist yet! We need money to continue to make it real.
As I wrote above, it's a platform for encouraging the creation and curation of content. The idea is to reward both those who create content and those who share it. You may have seen that picture of handing out Facebook likes to 3rd world kids; merely "liking" something or upvoting it doesn't actually help somebody make a living. So all likes/upvotes have real money behind them in this system. The originator of content gets 90% of each upvote, while the remaining 10% is distributed down the chain of resharers to the donator.
We want artists and musicians to use it, but also scientists, authors, and journalists. We think the journalists will be particularly interested both because of the potential to get supported directly in the wake of digital media, but also because of the security features we intend to implement, like perfect forward secrecy.
We hope scientists will like it, because big academic publishers like Elsevier charge tens of millions of dollars for bundled access to their journals and have something like a 36% profit margin. The scientists write and review the articles and edit the journals for free; Elsevier turns around and charges them for the privilege. Splicious would allow people to set up electronic journals quickly, while contributions go directly to the authors and the editors.
Could you inbox me my password if you wanted or felt the need? That would require getting Reddit's collection of password hashes. It would take some effort, but probably a lot more than would be worth my while.
Well, it used to be easier. Wow! Yeah, hopefully they learned something after that. :P.
Could you be a very rich man if you used your powers for evil? I could have in the 90s. I think the FBI are a lot better at dealing with crime on the internet now than they were then.
Hi, I'm a math/CS undergraduate and find this stuff fascinating. However, I haven't a clue how to get started. Any reccomendations on how to get into password cracking and hacking? As to your specific topics, the days of easy password cracking are largely over: any software worth spending money on will use strong crypto. The best one can usually do is a dictionary attack distributed over many computers.
Awesome! What is your ed background? When I got the job I was getting my undergrad degree in physics. I went on to get a MSc and have just finished my PhD.
How much were you taught on the job vs what you had learned through self study? All of the math I learned in school or from Schneier's Applied Cryptography. I taught myself the rudiments of programming as a kid and all my electives at university were computer science classes. I learned to read assembly code on the job.
What would you say is the most lucrative area of infosec (both for black and white hats)? If you want to make enormous amounts of money, you start a company and get bought out or have a successful IPO. That's very risky, though; if you want stable good money in infosec, go join Google's security team: I did and loved it!
Are you employed now by Google? No, I left last year to start working on splicious. I'd like to keep doing so, but we need funding!
Whats this splicious you keep referring to? It's a distributed secure communications and computation platform. It has features to encourage the creation and curation of new content, but is intended to be a general purpose secure distributed computation platform.
The computation framework is based on pi calculus; I've written a paper with Greg Meredith and Sophia Drossopolou showing that we can use Caires' sspatial/behavioral types as a security policy language and let the compiler check that the implementation fits the policy. (TL; DR: We can prove that we don't have security flaws of various kinds.)
Are you Hackers or War Games fan? I loved it when you nuked Las Vegas. Suitably biblical ending to the place, don't you think?
Have you ever hacked people? Not without their permission.
That sounds a bit weird. Hahahaha. It's not much weirder than tattooing: Link to io9.com
Of course they still had to get the hashes somewhere, but there are some pretty powerful tools in the public domain these days, who knows what is behind the curtains in the federal side of the house...(proposed quantum computing password cracking for instance) People simply don't have the ability to remember passwords that are strong enough to resist the password crackers. If your service has the option to use two-factor authentication, use it; when attackers steal gmail accounts, the first thing they do is turn it on, because it makes it virtually impossible for the owner to get it back. If your service doesn't have 2-factor auth, use a long passphrase. Here's some math: if you just use lowercase letters and have a 16-character password, there are around 1022 passwords to try. If you start using numbers, too, there are around 1024, so a hundred times harder. But if instead you double the length of the password, there are around 1044, which is a sextillion times harder. Quantum computation is certainly interesting to the NSA, but the technology isn't up to code cracking yet; scientists are just at the edge of beating the error bound necessary for quantum computations with more than a handful of qubits. Link to www.news.ucsb.edu
How could a regular person like me learn the basics of this? What did you mean by "this"? Reverse engineering, password cracking, or secure distributed communications?
All of it and where should one start? I've done custom rainbow salt sables and attempted wpa2 attacks for fun and cracking hashes using Cain and Able. For reverse engineering, woodmann.com is the place to be. Get a copy of OllyDBG and IDA Pro; there is an older version available for free. Here's a reasonable intro to some of the techniques: Link to yurichev.com
Actual question how good is router security with passwords for example can you or have you hacked a router (guessing default passwords don't count)? I haven't ever tried breaking router passwords; I have my own router, so I don't need to use anyone else's.
Are you the guy that made this video: Link to www.youtube.com ? Yep. In addition to the content creation and curation stuff, there's also a notion of controlling who gets access to personal information. In the video, I drew how Alice can prevent Bob from knowing her name or address while still proving that she's 21.
But we need money to make it real.
Are you in fundraising mode? Are you doing crowd funding? Do you have a site? Yes, we're doing crowd funding. The site is linked in the description.
How is there such a huge disconnect between you and I? I send hours on the computer and can't do shit with it other than reddit and excel spreadsheets. How do you get into it? Is it a lot of reading? How does it work? I think you become good at doing what you spend time on, and you tend to spend time on things that you like doing. I learned this stuff because it made me happy. I get a thrill out of this sort of thing, so I keep coming back.
That said, with enough hard work, you can become good enough at something that it's no longer a drag: playing piano for the first few years sucks. Who wants to sit there plunking out "Mary had a little lamb"? But once you have the skill to actually read music and play it, then you're free to explore all your musical tastes. After you've played a lot of the music you love, you get a feeling for chord changes and what sounds good to you, so you can improvise your own music.
It's the same way with math and programming: there's some hard stuff at the start, but once you become good enough at it, you can start behaving like an artist and do your own thing.
The equivalent of learning "Mary had a little lamb" is introductory programming sites like KhanAcademy or codeacademy or code.org or a bazillion others.
What do you think of the new NSA, using the Patriot Act? I think the Patriot Act traded an enormous amount of liberty for what turned out to be virtually no increase in security.
Is that the same platform that this ex-Googler was talking about in this video Link to www.youtube.com. Yes, that's Vlad Patryshev. He was one of the guys who made Orkut. He was actually really excited about splicious and said, "I've been waiting for this since FidoNet."
Thanks. I'll look into all that. Lol, well that's a different story, a lucky one too. So you had no knowledge or experience with programming and they just hired you? What degree were you going to go after if you went to collee? Oh yeah, did you end up going to college after all or you just stuck with the job and learned from them? I had plenty of programming experience, but no crypto experience. I couldn't decide for a while between computer science and physics. Eventually I compromised and got a degree in applied physics; basically, all my electives were CS. I finished my bachelor's degree, then lost the job when the dot com bubble burst, went to New Zealand and got a MSc in CS, then started a PhD but ran out of money, went to work for Google's security team and started working on the PhD part time. I worked there for six years, then quit to work on splicious. I just finished the thesis and will defend later this year.
I might be late to the party, but what do you think of the XKCD password comic? This is the method I'm currently using with the help of Make Me A Passwords generator. It's spot on. When given the option, use long phrases rather than gibberish. LastPass can manage your online passwords by generating very long gibberish but only require you to use something memorable.
You actually suggest LastPass over KeePass(X)? I was using LastPass as an example of the genre, like how the southern US refers to any carbonated soft drink as "coke". I haven't made an extensive study of the offerings.
Are you Jesus? 'cause you look a lot like him. I was babysitting with another guy for a group of moms once, and when one of the moms dropped off her young kid---maybe four or five years old---he got really big-eyed and nervous. I thought he was afraid of the beard and hair: sometimes people would cross to the other side of the street when they saw me coming. So I invited him in, showed him the toys, and we all played and had a good time.
When his mom came to pick him up, he ran over and said, "Jesus is fun!"
Hey Mike, my understanding is that you've built a distributed platform and also adding on bitcoin support so that every post you make on splicious could potentially generate revenue. i would say that it's a new take on an alternate virtual economy and want to try as soon as they allow public use. are you planning to add some kind of reputation system to it? say, if i want to look for something a'la craig's list style rather than post my poetry? We've been thinking about reputation systems, but don't have any firm plans. Part of the problem with reputation systems online is that people do "pump & dump", using their reputation to steal something. If anyone has ideas or references about fighting this, please PM me.
Was most of your work just using parallelism brute forcing, or did you look for vulnerabilities in encryption standards. Also what is your opinion on the vulnerabilities of dual eliptic curve cryptography? Nearly all of my work was cryptanalysis of the relatively weak cryptography that was prevalent in the late '90s. We started turning to parallelism when MS Word improved its crypto to the 40-bit stuff that was the limit for software you could export.
The vulnerability in the PRNG for dual ECC was clearly inserted by the NSA and weakened everyone's crypto, even the US military and government's. I'm surprised that there's not more outcry from the other government organizations.
Last pass gotta remember that one. The o e thing I'm worried about though is my email is under yahoo and I've heard they are famous with being hacked because of crappy protection programs or leaks even is this true? Looks like Yahoo has 2-factor auth available. If you turn it on, then even if crackers do figure out your password, they won't be able to log in with it because they don't have your phone. That's the single best thing you can do.
Can you explain this like you would to someone who's never heard of hacking? There's no password you can remember that would stand up to modern cracking software. If you use a long passphrase, you might stand a chance. 2-factor auth is the only way to stay safe.
Can you tell me how to turn it on in a pm please. I'll just put it here, since everyone ought to know this: Link to www.zonealarm.com
What's your computelaptop specs? I had a Macbook Pro, like most of Google security team, and got myself another when I left. It has all the benefits of unix with really nice hardware and good suport.
What makes one password cracker different than another? Edit: Wonderful beard. Generally it's how well they take advantage of the parallelism in the GPU. And thanks!
Do you feel That bitcoin as a currency will make it even with all of the theft and ease at which people are being hacked and having coins stolen. I have no particular attachment to bitcoin as a currency. Ben Laurie, for example, has some excellent points about how to keep bitcoin secure, you either have to trust the software authors or spend half of all computing power for the rest of eternity. If you're going to trust people, there are much more efficient ways to mint money. Link to www.links.org
For our purposes, bitcoin provides a fairly simple micropayments service; any other distributed currency would probably work just as well.
We also don't store the wallets ourselves; we use blockchain.info.
I feel the success will be based on micro payments. IE reading a Wall Street journal article for a .05 or .10 fee and not having to buy the whole newspaper or article. Just my 2 cents.. Exactly. A journalist would write an article and share it with WSJ. WSJ would reshare it, and readers could support the journalist by contributing a mBTC. WSJ would get a cut and the journalist would get the lion's share.
So how hard would it to be to break a password of say"iFuCkInGHate2001!!" If crackers get hold of the file with the password hashes, nearly all passwords will be cracked, even quite long ones like yours. A similar password (18 printable chars) that has been hashed once with SHA with no salt would take less than an hour to crack on a single PC. Adding salt makes it harder to build tables where you can just look up the password instantly, but no slower to just brute force.
People REALLY need to use 2-factor auth to be secure.
So what can a person like me who doesn't know much on how to make a password more secure, except making it super long and complex to do to " feel safer" of not getting hacked. First, choose reputable services like GMail, where they take security very seriously. A cracker who can't get to the database of password hashes is forced to attempt to log in repeatedly, which can be detected and throttled to a safe rate.
Second, use 2-factor auth if it's available.
Third, use something like LastPass that generates a long random password for each site and stores it encrypted under a single password that you remember. You never type that password into anything online.
I bet your computer is awesome It's a Macbook Pro.
Last updated: 2014-05-09 00:53 UTC
This post was generated by a robot! Send all complaints to epsy.
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Eobot.com FAQ

FAQ https://www.eobot.com/new.aspx?referid=94984
General Questions What is a Bitcoin? Good question; see www.bitcoin.org for more information.
What are your options to withdraw? We currently only allow withdrawals in BTC/LTC/BC/NMC/DOGE/XRP/DRK/RDD/BTS/CURE/PPC/NXT/SYS.
Why can't I deposit or withdraw "real currency", aka fiat (USD/EUJPY/GBP/CNY/RUB/etc.)? Due to international law, we do not allow you to deposit or withdraw fiat currencies. In the USA, there are MSB and FinCen regulations; in Europe, certain countries have banned cryptocurrencies, and in China, the banks aren't allowed to transfer cryptocurrencies. The laws may change in the future.
Why does my "Total Cryptocurrency Value" go down? This is because that display is tied to the exchange rates on other websites. Also see this user generated YouTube video for more information: https://www.youtube.com/watch?v=GucqlMuIXMg
Are their any fees to join or monthly fees? No fees.
Do you speak Spanish/Russian/Chinese? No, only English, but Google Translator works well.
What are the maximums/minimums for withdrawing? There are no maximums. The minimums are small, see the withdraw page for details.
Where can I see the terms and conditions? Please click here for terms and conditions.
Where can I see the privacy policy? Please click here for privacy policy.
Are you hiring? We are always looking for quality talent. If you would like to contribute, then please send your cover letter and resume to [email protected].
Do you have a bug bounty program? Yes, we pay for bugs, so contact us for details or visit us at CrowdCurity.com and submit bugs there!
Do you perform off-chain transactions? No we do not. All cryptocurrencies are sent, usually including miner fees, and can be seen on the blockchain for that respective cryptocurrency. This helps secure the network, makes our transactions transparent, provides an easier way to debug and track down coins, and reduces the chance for fraud. An off-chain transaction would be like what Coinbase could do if both users are Coinbase users and they change coins from one email to another, mark it in the database, and Bitcoin is never actually sent from one wallet to another.
Why does my balance reset after refreshing the page or changing cryptocurrencies? The server updates every 60 seconds and the balances you see updating in real-time are performed with Javascript. If you change pages quickly, or choose a new cryptocurrency, then it will look like it is resetting. However nothign is lost, as whatever cryptocurrency it is set at when the server updates will get the past 60 seconds of mining results.
Help! My account was hacked and withdraws are being made? Eobot is a secure site and has never been compromised. If your account was hacked, then you should change your password, turn on 2FA, and turn on email notifications. There are many unscrupulous Bitcoin sites, and most likely, you used the same password on another site. Never re-use passwords!
Do you have any wallpapers? Yes, you can download wallpaper1 or wallpaper2. Feel free to send us your own creations.
What does Eobot stand for? We have heard everything, let us know your favorite, including: Earn Online Bot, Earn Online Bitcoins Online Tool, Earn Online By Our Tech.
Is this legal? We cannot provide legal advice; make sure cryptocurrencies are legal in your jurisdiction before continuing to use Eobot.
Cloud Mining Questions What are the Cloud Mining fees? For electricity and maintenance, we currently charge a fee of 65% for SHA-256 and 65% for Scrypt. These values will change as difficulty increases, exchange rates change, and newer ASICs come online. These fees are better than our competitors, for instance CEX.IO charges $0.105 per GHS, which is a 81% fee! While GAW charges a 96% fee at current prices!
How long are the Cloud Mining rentals and contracts? Prior to October 11 2014, GHS/KHS contracts had no expiration. Old contracts are not affected. New contracts and rentals, mined or purchased after October 11 2014, are now limited in term for 5 years going forward. See your History tab for expiration dates.
Can I sell my Cloud Mining? No, you cannot sell the cloud shares at this time. This is because we own the hardware and do not want to be stuck if everyone decides to sell at once.
Can I buy Cloud Mining with credit card/USD? Yes, but please keep in mind you cannot sell or convert the Cloud Mining.
Can I buy Cloud Mining with cryptocurrency? Yes, deposit the cryptocurrency and then convert it to your choice of Cloud Mining.
What are the maximums/minimums when making a credit card purchase to buy Cloud Mining? The minimum is 1.0 GHS and 10.0 KHS and there is no maximum at this time.
Can I buy a Cloud Mining that mines in Scrypt? You can use the Cloud Mining SHA-256 hashing power to mine other currencies by automatically converting them as you mine, but the earnings will still be tied to SHA-256/Bitcoin difficulty, not Scrypt/Litecoin difficulty.
What is the difference between Cloud Mining SHA-256 and Cloud Mining Scrypt? One is tied to the difficulty in mining SHA-256 cryptocurrency (Bitcoin) and the other is tied to the difficulty in mining Scrypt cryptocurrency (Litecoin). This means that if history is any indication of the future, then the Cloud Mining Scrypt won't decrease as fast as the Cloud Mining SHA-256.
What does 1 instance of Cloud Mining SHA-256 and Cloud Mining Scrypt equal? 1 of Cloud SHA-256 equates to 1.0 GHS of SHA-256 mining power, while 1 of Cloud Scrypt equates to 1 KHS of Scrypt mining power.
Can I change the pool that my Cloud mines on? No, you cannot; this may change in the future.
What hardware is behind the Cloud Mining? The hardware varies from custom ASICs to GPUs. The ASICs are behind the SHA-256 and the GPUs are behind the Scrypt.
Can I RDP (remote desktop) into my Cloud Mining? No, you cannot at this time; we will run the servers for you.
What is the Cloud Mining Pre-Order? These are the same as the other Cloud Mining, but they will start mining on a later date. For instance, a Cloud Mining Pre-Order October 2014 will start mining on October 1, 2014.
Software/Miner Questions Why is it stuck on "initializing...please wait 5 minutes"? We recently changed our Scrypt pool, so this messge will show and the stats and speed won't show under your account. See pool info page for more info.
Why does it show as a trojan/virus? This is a false-positive that many of the popular antivirus programs report. For now you can ignore it, or try another free antivirus, like Microsoft Security Essentials. Hackers use something similar programs to make money off of people's computers, so that is why it shows up as a virus.
Why does Chrome block the download as malicious? This is another false-positive. Simply, go to your Chrome settings, scroll to the bottom and click on "Show Advanced Settings". Go to the Privacy section and uncheck "Enable phishing and malware protection". You will only do this temporarily. Then proceed to download our software. Then return to your privacy settings and recheck Enable Phishing to further protect you.
Do you have a Mac or Linux version? Yes, see the Pool Info under the Account page.
How do I use cgminer? See this English PDF tutorial for cgminer, or Spanish version, created by one of our members, for a simple walk-through.
How can I increase the speed? Important to increase speed: The default cgminer settings do not include hardware specific flags, which you may find here in the Litecoin Mining Hardware Comparison. Failing to use the proper flags can result in performance decreases in excess of 50%.
What do the intensity settings relate to? This is the same as cgminer flag --intensity. Low is 11, normal is none, high is 15, very high is 17, extreme is 19.
Can I use one account for multiple computers on same IP address? Yes, it will add your speed/rates together, you can use as many computers as you want.
Can I connect to the pool manually, through cgminer or bfgminer? Yes, see the Pool Info under the Account page.
Do you use Bitcoin and Litecoin? Yes, we are the easiest miner to use with BTC and LTC and convert on the backend automatically.
What do you use on the backend? We use cgminer, bfgminer, pooler's CPU miner, and a variety of pools.
Can I mine any cryptocurrency? Yes, regardless if you use SHA-256 or Scrypt (BTC vs LTC mode), you can earn and mine any cryptocurrency.
Can I use an ASIC? Yes, simply choose the option and run as GPU mode. Devices that work with bfgminer will work, for instance USB Block Eruptors or Butterfly Labs ASICs. You can also contact us for pool information for other ASICs.
What is the best graphics card/computer to buy? Either use a high end ATI Radeon card, or buy one of the USB Block Eruptor devices on Ebay/Amazon or a similar online store.
What drivers do I need for USB mode? http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx
Why doesn't GPU mode work? You may need to download the OpenCL drivers; get them from here: http://developer.nvidia.com/opencl
Where can I get the .NET framework? Try Windows Update, or use Microsoft Web Platform Installer.
Can I use a proxy server? Yes, edit intensity.txt and put the details in there, for example, add "--proxy=http://mycompany-http-proxy:8080"
Where can I download the software? Download from link here
Can I use custom flags/change intensity? Yes, you can put in whatever custom flags/parameters/arguments you want. Edit the "resources/intensity.txt" file. Put in whatever you want, like for GPU mode: "--intensity 12 --shaders 1024" or for CPU mode (number of threads): "-t 32"
submitted by KryptosBit to Bitcoin [link] [comments]

The BEST GPU for Mining EVER - Radeon VII Mining Review  Hashrates  Profitability  Overclocks GPUs Vs ASICs Vs FPGAs - Cost, Hashrates, & ROI - Update 01/23/2019 Bitcoin Mining Difficulty & Bitcoin Hashrate Erklärung 2019 NVIDIA GeForce RTX 2080 Mining Hashrate Benchmarks for ... Bitcoin Mining Difficulty Hits ALL TIME HIGH!

Bitcoin network hash rate The hash/s is also used in calculations of the Bitcoin network's overall hash rate. Because each miner or ... measurements over longer periods can be considered indicative and similar calculations are used in Bitcoin's difficulty adjustment. In January 2015, the network hash rate was around 300 Phash/s, or 300 quadrillion hashes per second. If you compare a bitcoin ... bitcoin difficulty vs hashrate - time = difficulty * 2**32 / hashrate where difficulty is the current difficulty, hashrate is the number of hashes your miner calculates per second, and time is the average in seconds between the blocks you find. For example, using Python we calculate the average time to generate a block using a 1Ghash/s mining rig when the difficulty is 20000: - Source: Adobe ... The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time crypto Today Enter your mining rig’s hash rate and the CoinWarz Bitcoin mining calculator and Bitcoin profit calculator will use the current difficulty and Network Hashrate Check out our mining GPU comparison hard core ethereum miners have been estimating that the NVidia GTX 1070 ti hashrate will be about Bitcoin Mining; Boys; This site will help you to compare all kind of hardware device ... 117 Hash/s: Equihash: 110 Watts: 1489 MHz-Asus: Nvidia: Asus GTX 950 Hashrate : GTX 1050 Ti WindForce OC: 300 Hash/s: CryptoNote: 60W-Gigabyte: Nvidia : Gigabyte GTX 1050 Ti WindForce OC Hashrate : GTX 1060: 23.2 MHash/s: Ethereum: 75W: 1733 MHz-Asus: Nvidia: Asus GTX 1060 Hashrate : RX 480 8GB: 28.63 MHash/s: Ethereum: 1290 MHz-Gigabyte: AMD: Gigabyte RX 480 8GB Hashrate : Radeon R9 380: 22 ...

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The BEST GPU for Mining EVER - Radeon VII Mining Review Hashrates Profitability Overclocks

GPUs Vs ASICs Vs FPGAs - Cost, Hashrates, & ROI - Update 01/23/2019 The Life of a Miner. Loading... Unsubscribe from The Life of a Miner? Cancel Unsubscribe. Working... Subscribe Subscribed ... How do the mining hashrates on NVIDIA RTX 2080 GPU stack up for cryptocurrency mining? Is it worth the upgrade? We use the Cudo Miner multi-miner to benchmar... Like Reading About Bitcoin? - https://geni.us/eH9P Buy The Most Efficient GPU for Mining! - https://geni.us/Y3STM Mining Deal of the Day - https://geni.us/vS... AMD has released the most powerful GPU for mining cryptocurrency.. ever. The Radeon VII has the most impressive hashrates we have ever seen mining with a single GPU thanks to its 16gb of HBM2 VRAM ... The Nvidia GTX 1660 TI has the BEST efficiency for mining cryptocurrency, lets review which coins and why! Subscribe to Voskcoin - http://voskco.in/Sub Nvidi...

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