Dogecoin started off with the max supply of 100b coins. Later they changed it to unlimited. How do we know bitcoin won't do the same via fork once political influnce gets invloved?
Dogecoin started off with the max supply of 100b coins. Later they changed it to unlimited. How do we know bitcoin won't do the same via fork once political influnce gets invloved? in the future politics will get involved in bitcoin, fox news will tell everyone to fork to the new code with some coin printing inflation scam. How do we know it wont happen to bitcoin?
Hello, I want to change dogecoin to bitcoin, is it possible? I have a bitcoin wallet and a dogecoin wallet. Is there any site to make the conversion? If it's possible, I want trustable sites already used by the community.
before you all come at me, even the older shibas saying "dogecoin is not a stock, blah blah, stop comparing it to fiat, 1 doge = 1 doge". Yes, I get it. Your 1 doge = 1 doge. Don't worry, that will never change. Anyway... It's not going to hit $1 any time soon. Don't expect it to even hit $1 in the near future. The big pump and dump everyone has been discussing is actually just a normal crypto spike that has been experienced through out the whole market. It wasn't tik Tok users. They might have brought attention, but they certainly did not create this huge rally we experienced. It was more like they just hopped on the rocket as opposed to actually building it from one tik Tok video. It did build hype and it did help push the spike higher than other cryptos. I'll admit that. I still laugh 😂 I'm sorry because I am cynical and I probably figure people are going to downvote this because they don't like hearing the truth. But I'll continue. With only less than 1000 people online on this subreddit, with tik Tok users moving on to the next thing, with all of twitter slowly forgetting about hashtag DOGECOIN!(except for the people that want to get rich and keep pushing it desperately). With all of this ..... You can see that there really is no big momentum to adopt dogecoin over any other crypto. In one way it introduced new people to crypto. But I'm sure once they are over the cringy memes of this subreddit as of lately they will realize, there are actually useful cryptos. And they'll move on to those. All this being said. 1 doge = 1 doge. But if you're waiting for 1 doge = 1$, make sure to leave it in your will for your children. I still laugh at the one meme on the front page saying 1doge = 3 Bitcoin one-day. Hahahahahahaha that's how you know this place is the best crypto subreddit. You guys are funny!
Imagine being in the ocean and trying to swim ashore, but as much as you try you are still in the same spot after a while. That is Doge’s current situation. Doge has the potential to be the next big thing or for a lack of better terms the one coin that can completely revolutionize cryptocurrency. For starters, Doge has one of the most unique communities in terms of activity and size. I’m guessing that many of us come from different backgrounds and have different professional experiences. The one thing that unites us is our love for Doge. However, our community needs to take time and analyze the future of Doge. Doge has hit a plateau, which demands immediate attention. By taking a closer look at the numbers we can see that Doge lives in a constant Yo-yo like environment. It goes up a bit and then it corrects itself, never reaching or advancing past its projections. There’s no reason for Doge not to have reached the top 10 or at least be worth more than coins like Ripple. IF WE DON’T TAKE ACTION THE FUTURE IS BLEAK. We need to define what we want to do with Doge. Do we want a coin that can be potentially life changing for many of us or do we want to keep the status quo where our coin is seen more like a Meme than anything else. It is important to mention that Doge lacks leadership. We lack a figure head that can provide the necessary vision or guidance to help the coin take the next step. We are facing an immediate financial crisis after the Coronavirus Pandemic ends. That means that most people will look for ways to safeguard their assets. Bitcoin is a great coin but it lacks a committed community like ours or the simplicity that Doge provides. Also, I’m sure we have people here that are suffering financially and any jump in price will help them. MY PROPOSAL: I’m proposing to create the Doge Coin Collective: this collective will look for ways to make Doge coin more mainstream and also for ways to make it more valuable. The second step should be to explore capping Doge coin at least temporarily, this will certainly give us an opportunity to create more valuation and a more centralized approach where we pause and explore better ways to utilize Doge. The cap should be temporary. The Elon Musk effect: Doge has the support of arguably one of the most successful entrepreneurs in history. We should be capitalizing on his endorsement. We should explore the possibility of creating some buzz about Dogecoin using celebrities or influencers. New Dogecoin Market Exchange: Binance, Coinbase or Robinhood haven’t done much to make exchanging Doge easier or more accessible to the amateur trader. Therefore we should explore creating a Doge Market Exchange where trading is easier and where people have more access to the coin. In addition we should redefine how the coin is utilized. Take for example, the current situation where sadly people don’t have access to some of the most basic items. If we had a market where you could exchange Doge for goods or services then it would’ve made life easier for many of us here. TO FINALIZE: There’s no doubt that Doge coin is very special and have the potential to have a meaningful impact in our daily lives. However if we don’t take immediate action it’s future is bleak at best. I predict that we’ll lose roughly 25-40% of our community within the next 12-24 months given the unpredictability of the current economy. If we enter a recession people will start panicking and will start selling their coins. The would be devastating for Doge. The good news is that we have time and the human capital to take necessary action in order to preserve the future of our beloved coin. Remember this is mere a suggestion and I would love you get meaningful feedback.
Professional male escort (Gigolo) wish to support and expand cryptocurrencies!
Hello guys, my name is John. I'm working as a professional gigolo for people with eccentric tastes for 6 years now. I'm 28 years old, I am in very good shape, I'm very educated and I know how to please both a lady and a cuckold husband.I'm educated in poetry, cryptocurrency, science, philosophy, psychology, and I'm here to make a change in the world of male escorts by adding BCH and BTC in our payment methods. My abilities include: Special techniques to please you or your lady in very intense yet romantic ways. You get a 25% discount if you're using BTC or BCH. 2)Elaborated argumentative abilities over why male escorts should change to BCH and BTC payments and other cryptocurrencies! 3)Special kinks are allowed, and I'm willing to as far as it takes to satisfy my costumers! With very few exceptions! We can discuss the details in dm.. 4)I'm also willing to travel to whatever location you would like me to, all the payments are in cryptocurrency! Why you should hire me: A) I'm a man of a high moral compass, and I'm always respecting my costumers and their requests, I'm also very open minded and I'm willing to both discuss, behave, and react the way you want me to! 2)I'm extremely good looking and tall, for safety reasons I'm willing to provide proof so you can judge my appearance yourself in dm's. 3)I'm also very brutal if I have to, in case you wish to see your lady or your lady wants to get treated in a very dominating and degrading way, I am here for you! My experience also includes BDSM, Kama sutra. Cuckoldery (as the dom). I also provide my services to couples who have sexual and psychological issues! I'm also very good in dating, and if you wish for something more than just sexual gratification, I am willing to adjust to your wishes! Soon I will upload some videos of my services in pornhub and youporn or even xxxnxxx so the whole world can see my services! You can also message me in dm for any special requests and we can discuss payment, location, time, and anything else that you wish I am an amazing listener! The common thing between our profession and cryptocurrencies is that they're both overlooked! So it's time to combine the two communities into one! We will name it the cryptosexy escorts. In order to show your support for the CryptoSexy Escorts, you can also donate in one of the following addresses! Bitcoin: 1VmFBiccxepWbWYYAxUjyaugEACaMYwxc Bitcoin cash: bitcoincash:qze4k8qqwc8l0ha9v233xzjqufwzaewpvs4vlrj9qp Ethereum: 0x98878ad6787eB540D217E4c6FD7e25cDa14054A2 Litecoin: LQFbgao7Gz29TKNXZXFhHzYUhmT7kFGU4n Dashcoin: XoP3JVxpjF7EbzzYFsvTXX4Kz4k1oMyjNu Binance: XoP3JVxpjF7EbzzYFsvTXX4Kz4k1oMyjNu Dogecoin: XoP3JVxpjF7EbzzYFsvTXX4Kz4k1oMyjNu
Electronic payment methods other than PayPal G&S are now banned.
April 2020 Update: With the new bot in place, users with **more than 10 trades** can use EMT, Bitcoin, etc. This number is subject to change as we refine the rules. --- Hello folks! We've seen a bit of an uptick in high-dollar-value scams in the last few weeks. Almost every single one has a common feature: The scammer wants to be paid via something other than PayPal Goods and Services (usually EMT). This is because PayPal G&S is currently the only electronic payment method in Canada with even somewhat reliable transaction reversals in the case of scams. As such, we're following /hardwareswap's lead and banning all electronic payment methods other than PayPal Goods and Services. This includes PayPal Friends and Family, EMT/Etransfer, dogecoin, rare memes, etc. The only exception to this rule is cash for local deals. You can consider this a trial rule - we'll see how it goes, and we can make adjustments as necessary. When we finally get the confirmed trades bot up and going (sorry, been a busy few weeks for me) we may look into relaxing this rule for users with significant rep. If you see posts (created after this one) that break this rule please report them! We wont be banning users for not seeing the new rules or anything, but we will remove posts and encourage users to repost with correct payment info. If a user who said they'd accept PayPal G&S tries to convince you to accept something else over PMs, report it immediately! It's almost certainly a scam. Best, Your friendly neighborhood neighbourhood /canadianhardwareswap mod team
Guess it's a follow up on this: https://old.reddit.com/dashpay/comments/f653m8/vote_for_dash_on_localcryptos_exchange_it_will/ LTC is arriving at LocalCryptos. But Dash could be next! We have two things to tell you: 1. On June 15, Litecoin will be trading on the most popular non-custodial peer-to-peer crypto marketplace. What's more: for the first three days, peer-to-peer LTC trading will be free! 2. We're not stopping at Litecoin. In a few weeks, we're announcing the next crypto to be added to LocalCryptos. Stay subscribed for our June 29th announcement, where we'll let you know what crypto will be on LocalCryptos next. We'll send you another email soon with the news. Hint: It's not Dogecoin. How will non-custodial escrow work on Litecoin? LocalCryptos currently lets you trade peer-to-peer with Bitcoin (BTC) and Ethereum (ETH). LTC is like Bitcoin, with a few minor differences such as block times and its mining algorithm. Because it's so similar, we can port our Bitcoin P2SH escrow script to Litecoin without major changes. Litecoin wallets on LocalCryptos will be self-custodial and SegWit-enabled. Your keys—your coins. What else is new on LocalCryptos? Non-custodial P2P crypto is on fire this year. Last month alone, Bitcoin trading volume on LocalCryptos doubled. With well over 100,000 users around the world, LocalCryptos has become the biggest non-custodial crypto marketplace. Our recent growth is being driven by Africa—a region we're heavily focusing on. In the last few months, we've been working hard to improve LocalCryptos to help on-board the world to crypto. You can read about the latest 15 features we shipped in our latest blog post.
Addressing Common Arguments For Limiting BTC's Block Size
For a while, I've seen many BTC maximalists bring up arguments about why the block size for Bitcoin should be limited to 1 MB. I have made this post to address most of these arguments. If you disagree, feel free to make your point in the comments!
Limiting block size is what helps keep nodes cheap, and helps decentralize Bitcoin.
Let's do some math here... With the block size of BTC being 1.00 MB, and having ~144 blocks a day, 365 days a year, there are roughly 52,560 blocks in a year. Using this data, 52.5 GB of storage will be used up in an entire year (we'll make the assumption that someone running a node buys 1 hard drive a year to store all this data). Looking at Amazon, the average cost for 64.0 GB of storage capacity for a flash drive is roughly $10.00. This means on average, someone running a node is paying roughly 80 cents per month for storage. Okay, now let's look at the internet aspect of things. The average internet speed globally is around ~75 Mbps (which is more than enough for both BTC and BCH) and will likely run for around ~$40 a month (this is a rough figure, and slightly pessimistic, but let's take it). Therefore, doing some math: ($40.00/month + $0.80/month) x 12 months = ~$490.00/year Okay, so it roughly costs $490.00 a year which is just a little over $1/day for running a node. Let's see how much more expensive BCH is when running the same type of node: For BCH, everything stays the same, except for storage costs. Since the block size is 32 times bigger than BTC, doing the math, BCH will take up roughly 1.7 TB of data. For a 2 TB hard drive, the cost is roughly $60. For an entire year, that will cost about $5 per month for storage. Taking this into consideration, we can calculate how much it will cost to run a BCH node for storage and internet: ($40.00/month + $5.00/month) x 12 months = ~$540.00/year So in conclusion:
As we can see, it really isn't that much more expensive, and this isn't even factoring in how much cheaper digital storage will become over time. As digital storage becomes bigger, we can also expand block size, and not have to worry about centralization.
The market has decided that BTC is better, therefore BCH is not Bitcoin.
While yes, based on hashing power, this is true, Bitcoin being Bitcoin is not about hashing power. It is about what Bitcoin was intended to do. Bitcoin was created by Satoshi as a form of peer-to-peer electronic cash system. Even in the whitepaper of Bitcoin, Bitcoin is not working the way it was intended to. From the whitepaper:
The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions.
It says it right here, one of the issues with current forms electronic payments is high transaction fees, and how they make small, everyday purchases expensive, making it bad for regular, everyday purchases. Currently, looking at the fees, BTC costs roughly $0.50 for every transaction (fees vary every single block, but this is the current average), regardless of the transaction amount. That means if I'm making a purchase at a coffee shop for $2.00, it is going to cost me $2.50 effectively for the coffee. That means that I am paying 25% of my transaction value just to transfer my own money. What incentive would I have to make that purchase, especially when I could just use normal cash, and not pay ridiculously high fees for a normal transaction? Let's compare this to BCH. Right now, the average fee for BCH is about $0.0025 for every transaction. When comparing that even to a $2 purchase, the fee is negligible and makes effectively no difference to the transaction amount. As we can see, BCH is far cheaper for everyday normal transactions, a.k.a. electronic cash.
Bitcoin only has high transaction fees because of the higher transaction volume, and Bitmain has spammed transactions to make BTC look bad.
As far as I know, I don't recall Bitmain spamming transactions on the network (I could be wrong on this). If someone has evidence of this, I will gladly retract this. As for transaction volume (number of transactions), we can use comparable numbers from when BCH and BTC were both having extremely high transaction volumes:
No. of transactions (BTC)
No. of transactions (BCH)
Average Transaction Fee (BTC)
Average Transaction Fee (BCH)
Note: The peak fees for both blockchains were $52.00 for BTC and $0.90 (which is still bad for BCH. The difference is that BCH has taken steps to ensure that kind of transaction fee would never happen again, even faced with the same amount of traffic on the network.)
The Lightning Network (an off-chain solution) is a better solution to Bitcoin's current problem than increasing the block size (an on-chain solution), and has a much higher transactions per second capability than BCH.
Yes, the Lightning Network may have a higher transaction per second capability when compared to BCH, but it comes at a cost: centralization. The aim of Bitcoin was to make a peer-to-peer electronic cash system with a high transaction per second capability, but it also is supposed to have 3 distinct properties to it. Bitcoin should also be:
Cheap (fees should be negligible, no matter how low the transaction amount)
When you take away any one of these characteristics, it becomes A LOT easier to make a currency with a higher transaction input capability, but it ignores the goal of what Bitcoin is supposed to be. For example, if you have a system of cash that is: Cheap and secure, but not decentralized: XRP (Ripple) Credit Cards Paypal Lightning Network Cheap and decentralized, but not secure: LTC (Litecoin) (DOGE) Dogecoin Plenty of other low-use altcoins Secure and Decentralized, but not cheap: BTC (Bitcoin) XMR (Monero) BCH manages to have all 3 characteristics, all while having a transaction capability of more than 200 transactions per second. Not to mention that setting up a node on the Lightning Network is a complicated, tedious, and painful process to go through, just to put your fund somewhere where they aren't safe (you risk losing your funds pretty easily, especially if you're an everyday person who doesn't have much knowledge when it comes to technology). Not only is this the case, but eventually the funds from the Lightning Network will have to be settled on the blockchain, and when adoption increases, the fees will increase as well, meaning that you will be charged a ridiculously high amount for withdrawing your own money. To add to this, nodes that are run by people with more resources will eventually become Lightning Hubs, meaning that they are the only few who you can go through to send a transaction to whoever you want. This makes Lightning Hubs the new intermediaries for financial transactions. Does this all sound familiar? It is literally banking right now, but with the name 'Bitcoin' slapped on top of it. Anyway, these are all the arguments I have heard from BTC maximalists. If you have any more arguments, feel free to comment them below, and I'm willing to change my mind if you make a good point.
Which high-quality minority coins are likely to break through and become mainstream cryptocurrencies?
The veterans who often visit the currency forum may have heard a sentence: long bitcoin, short all the alts. The meaning is obvious, the status of Bitcoin is almost unshakable, but the mainstream currency has changed from wave to wave. Blackcoin, Futurecoin, and PPcoin that were hot in the early years have now been thrown out of the mainstream currency rankings, and almost no one cares. According to coinmarketcap data, only Litecoin, Dogecoin and Ripple in the top ten market capitalization list survived and are temporarily among the mainstream coins. The picture shows the cryptocurrency quotation of an exchange in 2014. In 2017, the exchange suspended its services. After experiencing generations of cryptocurrency, what would replace the present-time mainstream cryptocurrency? https://preview.redd.it/kgiupx6u10751.png?width=640&format=png&auto=webp&s=afd08d4d115f780dfe331d0a8286d80be79b5ad9 The data above is the top 20 in the global market capitalization so far, and the data comes from coinmarketcap. We can see that bitcoin is still at the top of the ranking, and there are many new faces in the ranking after 2017. From the perspective of the number of cryptocurrency types, platform coins for 15%, Bitcoin and its fork for 15%, digital cross-chain assets and platforms for 35%, stablecoins for 10%, and the remaining digital payment for 25%. Of course, this kind of statistics is not scientific, because the statistics are only based on the number of rankings, without taking into account the weighted impact of market value, but we can still glimpse the market trend of cryptocurrencies in recent years. https://preview.redd.it/4a6ykk6y10751.png?width=640&format=png&auto=webp&s=b60a9aa15e5d3e5a5fe32e97e26b01c103b3d12a The earliest cryptocurrencies are not as complicated as they are today. They are just a cryptocurrency and have no other role than payment. Through the latest cryptocurrency rankings, we can understand that cryptocurrencies are moving towards diversification. Since the cryptocurrency broke out in 2017, we have heard countless concepts: cross-chain, decentralized operating system, decentralized Internet, DEFI, DAO... Some of these concepts have evolved into reality, some concepts are on the way to becoming a reality. We can say that 2018 is a watershed moment for this industry. Cryptocurrencies have stepped out of the pure P2P payment field and are moving towards a diversified ecological development. https://preview.redd.it/qqclr20220751.png?width=640&format=png&auto=webp&s=8802df25be16eb7418718cdca408b7cd0bd764d4 So, back to the topic, what is diversification, how do we judge whether a digital currency has the conditions to enter the mainstream currency? I think that the basis for judgment is very simple. The following points are for your reference: First, the distribution process needs to be transparent and fair. If there is an institutional investment, can the organization's bargaining cost and time cost adapt to the project development, and how can the organization be prevented from cashing out in a short time? If there is no institutional investment, is the amount of pre-mining of the project reasonable, or is it fair to users holding currency? Second， whether the project has market demand for corresponding industry solutions. Not all industries in this world need blockchain. Recognizing the reality that blockchain is not a panacea is the primary condition for entering the cryptocurrency market. The third point is whether the project has a certain foundation. The foundation here includes two aspects: community foundation and cardinal basis. It is recommended to identify the project from these two aspects. I have been observing the digital currency market for a long time. Among them, a mining currency ETX (Ethereumx·NET) with a POW+DPOS proof mechanism has attracted my attention. After understanding that the currency is not pre-mined, the distribution mechanism is very fair. In addition, there is an optional anonymous transfer mode, which protects the privacy of users to a greater extent than ETH. On this basis, you can also undertake ETH dually: undertake ETH2.0 elimination of computing power; seamlessly transplant all application ecology of ETH. The most remarkable thing is its dual economic model of POW+DPOS, which locks a certain circulation and distributes newly-produced coins fairly, stably increasing the value. https://preview.redd.it/bs41b7h420751.png?width=640&format=png&auto=webp&s=197814b98c3efd834ef674eeb1e684949b9be739 Cryptocurrency is a thriving world, but it is also a dangerous world. Welcome to follow me and explore potential projects. There are risks in the market, so you need to be cautious when entering the market.
Dear as they are, I hope well. In this post I come to bring a very practical tool which allows the deposit of money in the form of cryptocurrencies passively and from the comfort of your homes. Before starting I want to clarify that I am not coming to bring you any lies in which you are going to have to download programs or do strange things, this is totally simple and it works. Nor do I come to tell you that they will be able to earn 50 or 100 dollars in a day or a week, since there is no such tool. There is no easy way to earn that much money (at least for normal people like me). I also clarify that you have not yet obtained the benefit of the page since I have just started. But in what I take time I did not find any problem or any reason how to stop using it. Clarified everything we begin:
What is UNIEX?
In simple words, uniex is a cloud mining system. Many wonder what is cloud "mining"? Those who know about cryptocurrencies will know what it is about. For newcomers (like me) cloud mining is the financial exchange of the future to which I have great faith. Since approximately 2012, the cryptocurrency was created every day and every year that passes, it has gained more strength and monetary value. Besides that it is a tool that skips all the policies or everything that has to do with the financial systems of the banks, being able to do what you want with your virtual money without explaining it to anyone. https://preview.redd.it/akqb4pcnts451.jpg?width=1359&format=pjpg&auto=webp&s=16fa98e66b6fedba6f901c3dc062dba2b4dadfa3 In this post I am going to show you quickly how passive income can be generated. UNIEX is a page where you can invest to accelerate income, EYE, I am not telling you to invest, since virtual currencies fluctuate greatly and change value constantly. Although most cases are on the rise. If they do not invest they can have the same income, later we will see how much.
HOW TO START?
The first thing that I am going to leave you is the referral link of mine, so that you enter the page and can have USD 3 free to start reaping your cryptocurrencies passively
Is there any way to speed up the collection of cryptocurrencies?
Yes, there are. Previously he had commented that on this page you could invest. I emphasize, you can invest but it is not an obligation, and you have to take all the precautions, cryptocurrencies change value constantly. So this is up to you and your responsibility. To invest we go to the BUY THE POWER tab: https://preview.redd.it/fc0azzv92t451.jpg?width=1360&format=pjpg&auto=webp&s=6a1b6a730cb3241461dff4312c6f2384bfc74a07 The following screen will appear: https://preview.redd.it/tyh5bqas2t451.jpg?width=1326&format=pjpg&auto=webp&s=93bd56f9309d6e0dbd50dc4c479f0203eacd2bb4 Following the order of the letters they choose SCRYPT since we will start investing in DOGECOIN which is what we earn. Later when we have more money we can invest in Bitcoin or Ethereum, which are the currencies with the highest value in the cryptocurrency market today. In window B we will see the price in dollars to increase the speed and below we see the current speed. In C we choose the currency with which we are going to invest and then pressing BUY THE POWER we will obtain the increase of the collection. To finish, when we invest, another interesting thing is enabled, which is a "roulette" in which we can win prizes such as bitcoins, or increased collection power for any currency. To see this press the gift that is on the left of the screen: https://preview.redd.it/rwnw8uvz2t451.jpg?width=1327&format=pjpg&auto=webp&s=cf788b1e4a75a1c8342e174db70e01dd3a150d31 Una vez presionemos el boton Lets Play veremos algo así: https://preview.redd.it/xqn7y6i63t451.jpg?width=1340&format=pjpg&auto=webp&s=78350d7e57745ac8de58e117a9e303fa005febcc In A we will see our balance of Points. These points are obtained by investing money in BUY THE POWER previously explained. Logically the more we invest the more points they give us. We can bet these points on 1, 10 or 100 as shown in B. With their respective rewards shown in C. In the image the 10 point bet is selected. And the rewards are 0.1 Bitcoin which is a significant sum (almost USD1000) or 0.002 Bitcoin which is equivalent to USD 20 or force of power to increase the collection. There is always something to be gained and that is good because it will help us to accelerate the profit of money. If we select to bet 1 point we will get lower rewards, and when selecting 100 points the rewards are even greater. Well to finish I wanted to tell you what is that tab that says LIVE in the upper left of the screen. If we press there we will have access to 3 cameras. Which two of them point to the "servers" of UNIEX and the third camera points to a television which indicates the extractions that are being carried out (I do not post screenshots because just then they did not work, but believe me they work). And all in real time, very good the truth. This indicates seriousness and gives confidence to the user for the page. Well I hope I have been as clear as possible and have not left doubts. When I can withdraw I will add another post. I hope it works for you and you like it, and remember to be patient, something is not accomplished overnight. Thank you.
How flippin pathetic right???? Well, I typically would use BTC for my occasional online gambling, but I definitely can’t afford any real gambling right now. And fake gambling.... you know, “playing for fun”, just doesn’t quite scratch the itch for me! However, my regular online casino takes doge as well (Never used it), but it looks like the denomination is a fraction of what BTC bets would be. Basically, I could gamble minute amounts of real money, instead of uncomfortable amounts lol. (and example: if I were to play most any bets soft slot with bitcoin a spin at the lowest denomination possible would cost about .3 mBTC ($3) per spin... at the lowest! Where is I could do a spin for a fraction of a penny with dogecoin (it appears) ———————————————————— I realize it’s a pathetic request, but cut me a little slack in the last six months my wife left me, took two kids, my mother died, and I walked away from a business I helped start with nothing in hand basically. Oh yeah, I’m getting evicted. It’s been a horrible year. Spare me the fractions of pocket change would ya?
Hey shibes, I see a lot of posts about mining lately and questions about the core wallet and how to mine with it, so here are some facts! Feel free to add information to that thread or correct me if I did any mistake.
You downloaded the core wallet
Great! After a decade it probably synced and now you are wondering how to get coins? Bad news: You don't get coins by running your wallet, even running it as a full node. Check what a full node is here. Maybe you thought so, because you saw a very old screenshot of a wallet, like this (Version 1.2). This version had a "Dig" tab where you can enter your mining configuration. The current version doesn't have this anymore, probably because it doesn't make sense anymore.
You downloaded a GPU/CPU miner
Nice! You did it, even your antivirus system probably went postal and you started covering all your webcams... But here is the bad news again: Since people are using ASIC miners, you just can't compete with your CPU hardware anymore. Even with your more advanced GPU you will have a hard time. The hashrate is too high for a desktop PC to compete with them. The blocks should be mined every 1 minute (or so) and that's causing the difficulty to go up - and we are out... So definitly check what is your hashrate while you are mining, you would need about 1.5 MH/s to make 1 Doge in 24 hours!
Let us start with a quote:
"Dogecoin Core 1.8 introduces AuxPoW from block 371,337. AuxPoW is a technology which enables miners to submit work done while mining other coins, as work on the Dogecoin block chain." - langerhans
What does this mean? You could waste your hashrate only on the Dogecoin chain, probably find never a block, but when, you only receive about 10.000 Dogecoins, currently worth about $25. Or you could apply your hashrate to LTC and Doge (and probably even more) at the same time. Your change of solving the block (finding the nonce) is your hashrate divided by the hashrat in sum - and this is about the same for Doge and LTC. This means you will always want to submit your work to all chains available!
Mining solo versus pool
So let's face it - mining solo won't get you anywhere, so let's mine on a pool! If you have a really bad Hashrate, please consider that: Often you need about $1 or $2 worth of crypto to receive a payout (without fees). This means, you have to get there. With 100 MH/s on prohashing, it takes about 6 days, running 24/7 to get to that threshold. Now you can do the math... 1 MH/s = 1000 KH/s, if you are below 1 MH/s, you probably won't have fun.
Buying an ASIC
You found an old BTC USB-miner with 24 GH/s (1 GH/s = 1000 MH/s) for $80 bucks - next stop lambo!? Sorry, bad news again, this hashrate is for SHA-256! If you want to mine LTC/Doge you will need a miner using scrypt with quite lower numbers on the hashrate per second, so don't fall for that. Often when you have a big miner (= also loud), you get more Hashrate per $ spent on the miner, but most will still run on a operational loss, because the electricity is too expensive and the miners will be outdated soon again. Leading me to my next point...
You won't make money running your miner. Just do the math: What if you would have bougth a miner 1 year ago? Substract costs for electricity and then compare to: What if you just have bought coins. In most cases you would have a greater profit by just buying coins, maybe even with a "stable" coin like Doges.
Okay, this was a lot of text and you are still on the hook? Maybe you are desperated enough to invest in some cloud mining contract... But this isn't a good idea either, because most of such contracts are scams based on a ponzi scheme. You often can spot them easy, because they guarantee way to high profits, or they fake payouts that never happened, etc. Just a thought: If someone in a subway says to you: Give me $1 and lets meet in one year, right here and I give you $54,211,841, you wouldn't trust him and if some mining contract says they will give you 5% a day it is basically the same. Also rember the merged mining part. Nobody would offer you to mine Doges, they would offer you to buy a hashrate for scrypt that will apply on multiple chains.
Maybe try to mine a coin where you don't have ASICs yet, like Monero and exchange them to Doge. If somebody already tried this - feel free to add your thoughts!
Folding at Home (Doge)
Some people say folding at home (FAH - https://www.dogecoinfah.com/) still the best. I just installed the tool and it says I would make 69.852 points a day, running on medium power what equates to 8 Doges. It is easy, it was fun, but it isn't much. Thanks for reading _nformant
Bitcoin faucets are websites or applications that offer you a small amount of bitcoin as a reward for making easy tasks. Depending on the selected faucet, users can earn coins for completing various tasks, such as viewing certain websites, watching ads, entering a captcha, or playing a game. by StealthEX At the beginning of the cryptocurrency’s existence, when the stakes were not so high, the creators of faucets gave 5 bitcoins for each claim — back then it was their way to promote digital money among newcomers. Now faucets operate with much smaller amounts and give out some part of the Bitcoin, which is measured in Satoshi(named after the creator of Bitcoin). Satoshi is the smallest possible fractional number of Bitcoin — one BTC is equal to 100 million Satoshi. If you have ever left a water tap not completely closed, you probably noticed that water was dripping into it, and if you put a bowl under it, sooner or later it will be filled. Even though one-time payments on faucets are scanty, many advise not to neglect the opportunity to earn on them, because, with the right approach, faucets can bring a tangible profit with a minimum of effort. There are plenty of sites offering free bitcoins. Unfortunately, most of them are not trustworthy, do not live long, or are simply overflowed with annoying flashing ads. However, there are some that work for many years, used by thousands of users and considered reliable. Here is the list of them:
This faucet is probably the most well-known one. It was created in 2013 on the territory of the British Virgin Islands. Payouts are not fixed and vary for each claim. You can get cryptocurrency every hour, and for each claim you get from 0.00000030 to 0.03 BTC. In addition to the faucet, Freebitcoin allows you to earn in other ways — save interest on your deposit, play the lottery, invite new users via referral links. It supports several withdrawal methods: you can set up automatic withdrawal every Sunday, slow withdrawal every 6–24 hours, or use the fastest instant withdrawal that takes 15 minutes. The last one, of course, has the highest fee.
Founded in 2015, the Moon Bitcoin has a certain user base and is considered by many to be one of the best faucets in existence. There are many appealing bonus offers. For example, the site gives you a reward for consistency — if you enter a captcha at least once every day, you will accumulate a bonus +1% to earnings daily. Like most other faucets, Moon Bitcoin offers a bonus for bringing new users. Earned funds are instantly transferred to the linked Coinpot wallet. The minimum withdrawal amount is 10,000 Satoshi if you agree to pay the fee. Or wait until it’s going to be over 50,000 Satoshi on your account and withdrawal money for free. It is worth saying that Coinpot has its own bonus program. For example, for one captcha entry, you get 3 Coinpot tokens that can also be converted to cryptocurrency. There are also Moon faucets for Litecoin, Dash, Bitcoin Cash and DogeCoin. All payments are concentrated in one Coinpot account.
Bonus Bitcoin is one of the oldest services and is considered one of the best bitcoin faucets. You can request a new portion of free coins every 15 minutes, getting an average of 10 Satoshi per claim. You can also gain more coins completing tasks in the offers and surveys section. Users who regularly stay active for a number of days receive an additional 5% of their daily rewards. The site also gives 50% of all fees of users you invited using referral links. Bonus Bitcoin accounts are also connected to Coinpot, a micro-earnings wallet that accumulates your payouts. The site also provides the opportunity to earn Litecoin and Dogecoin.
This is one more faucet associated with Coinpot wallet. Bitfun started its work in January 2017. In addition to the faucet itself, which allows you to request free Satoshi every 3 minutes, the site has a large number of browser games of various genres. Progress in these games gives you additional earnings. You can also earn coins by completing offers. As with Bonus Bitcoin, the user receives 50% of the fees of their referrals.
The service was launched in 2018 and has become known as one of the best free bitcoin generators. There are several ways to claim Satoshi. In addition to the faucet, you can also earn bitcoins by watching videos, clicking on ads, and playing browser games. Here you can make claims once every 12 hours and get a certain number of Coins to your account. Coins are the inner currency of this service, 10000 Coins worth 1$. It converted to Satoshi at the time of withdrawal. Rewards can be collected at FaucetHub, another web wallet for micropayments, in this case, the withdrawal limit is 35,000 Coins. For amounts over 100,000 Coins, withdrawals can be made directly to your bitcoin wallet. Or you can keep Coins at the site and earn 5% interest. Users can earn a loyalty bonus, by claiming rewards every day. Bringing another user via referral link gives you 25% of their claims and 10% of their offer earnings.
PentaFaucet is one of the oldest and most stable bitcoin faucets today. The main difference from similar websites is that the site uses double protection: captcha and anti-bot. You can collect from 5 to 25 Satoshi every 5 minutes. A reasonable amount of advertising and a simple interface make working with the faucet comfortable. The faucet does not allow you to earn money from games, surveys, and other sponsorship services. In addition to the main method, it offers only a referral program, giving 10% from earnings of each new user. Earned Satoshi are instantly transferred to the FaucetHub wallet. You can withdraw your funds from FaucetHub to your bitcoin wallet once a week on Sundays.
FireFaucet is a multi-currency automatic faucet, perhaps the best of its kind. This resource allows you to earn 9 cryptocurrencies at the same time, as well as instantly withdraw the accumulated funds to the Faucet Hub. The Auto Claim function allows for collecting currency automatically. You can change the number of currencies to get and the time between collections. FireFaucet affords many different ways to earn money: in addition to the faucet itself, there are also offers, a referral system that gives 20% from newcomer’s income, and browser mining. FireFaucet also has its own unique level system: getting XP for various actions on the site and raising their level, users receive a reward in Satoshi. As a pleasant addition, FireFaucet has a nice-looking design and does not use pop-up ads.
This bitcoin faucet does not require registration. All you need is the public address of your BTC wallet. Users can claim Satoshi every hour, getting from 5 to 1200 each time. At the moment DailyFreeBits is using the FaucetHub wallet we are already familiar with. The resource offers a referral reward. By inviting new users to the website, you can regularly receive 10% of their earnings. These are probably the best bitcoin faucets at this point. Do not expect that you will earn loads of money just using faucets, but it is with no doubt an interesting and easy way to get a certain portion of free Satoshi and learn how the cryptocurrency and various wallets work. Always be careful and study every site that is claimed to be a Bitcoin faucet with some scepticism. Always be critical of your choice and read reviews. Original article was posted onhttps://stealthex.io/blog/2020/05/28/best-bitcoin-faucets/
Bitcoin Billionaire Reviews : Complete Sign Up Guide 
We as a whole realize what Bitcoin Billionaire Billionaire are, at any rate from a fundamental perspective, and most wise tech darlings have at any rate thought about buying some type of digital money. In case you're among the individuals who are really charmed by all types of cryptographic forms of money, at that point you additionally realize that the arrangement of code which they all sudden spike in demand for is known as a blockchain. What Are Bitcoin Billionaire Block Explorers? For Bitcoin Billionaire (and alt-coins, as well), the blockchain is a continuous record of each exchange that has each happened utilizing that cash. The chain is persistently getting longer as new squares are finished and get connected as far as possible as another arrangement of recorded information. Each new connection in the chain is included as it happens, giving it an unmistakable straight recipe. The explanation the blockchain is so productive is on the grounds that it very well may be seen by anybody, yet it can't be duplicated. This permits genuinely open source coding and straightforwardness of information without giving up security. Envision an information sheet that is copied on each PC that is associated with the web, and afterward envision that updates can be made to this sheet progressively from anyplace on the planet. These updates will be appeared to everybody seeing it immediately. On the off chance that you can picture that, at that point you have a simple comprehension of how the blockchain functions. The entirety of the information in a blockchain exists as an unendingly shared and continually refreshed database. The blockchain utilizes organizing that gives everybody a precise perspective on all records progressively. It isn't recorded in any single stockpiling gadget or housed on a specific remote server. Rather, it's records are kept really open and exist all over the place. Since there is no focal stockpiling or ace duplicate of this information, it is highly unlikely for programmers to degenerate it. The blockchain is facilitated by a huge number of PCs at the same time and is lucid and evident by any individual who approaches the web. As a result of the way the blockchain works, it gives another degree of unparalleled straightforwardness and receptiveness to the budgetary world. Since the data is all visible progressively, it is just normal that numerous individuals are interested and wish to look at it. Tragically, not every person who is keen on review the blockchain for Bitcoin Billionaire Billionaire is really educated enough to peruse its code. Still more who really realize how to peruse and comprehend it would spare time if there were a simpler method to translate it. There are the individuals who have perceived this need and have decided to answer the call by giving blockchain pilgrims. These blockchain voyagers show the information found inside the blockchain in an outwardly engaging manner to make it simpler to peruse. Top Bitcoin Billionaire Block Explorers To Pay Attention To Here is a rundown of the best 6 blockchain voyagers that merit investigating.
Blockcypher is a Bitcoin Billionaire blockchain voyager that utilizations warm hues and is extremely simple on the eyes when seeing for significant stretches. Watchers can look into a Bitcoin Billionaire wallet's location and immediately observe the record for reserves sent and got through that wallet, just as its QR code. Blockcypher is additionally ready to show any unspent sums in the wallet, which numerous blockchain travelers can't do or think about a propelled include. You can likewise utilize Blcokcypher to see the square chains of different cryptographic forms of money, for example, Dogecoin and Litecoin.
Some may consider Bitcoin BillionaireChain excessively a lot to deal with outwardly, while others will appreciate the capacity to see a great deal of data without a moment's delay. This is on the grounds that Bitcoin BillionaireChain figures out how to fit a huge amount of information onto a solitary screen. This information incorporates Bitcoin Billionaire pools, arrange hubs, and markets. It ventures to show which individual square was mined by which mining pool on which organize. Bitcoin BillionaireChain offers a wallet administration too, which is a pleasant touch. With everything taken into account, this is a blockchain adventurer that has a ton to offer for the individuals who need to know the entirety of the subtleties when seeing a given blockchain.
Any individual who has their hands in cryptographic money in any genuine way will have just heard the name Blockr. This blockchain pilgrim is one of indisputably the most mind boggling and comprehensive of all the blockchain pioneer alternatives accessible. It shows a huge amount of data, however has an advantageous and simple to peruse position that clients love. Clients can choose a Bitcoin Billionaire trade and it will show a value file for Bitcoin Billionaire Billionaire on that trade. Blockr can aggregate the blockchain data utilizing a broad API which changes over the information into an assortment of diagrams containing the entirety of the data in a visual way that is anything but difficult to recognize and think about.
BTC.com is less broad than other blockchain adventurers, yet is ideal for following or watching out for explicit information. The first page of the site shows the hash pace of each mining pool progressively, and furthermore tracks other continuous system data. BTC.com likewise keeps tabs of system clog, which is acceptable to know for specific employments. In case you're attempting to stay aware of one explicit Bitcoin Billionaire address, this is the spot to go. BTC.com can follow the entirety of the notices of that specific address and make a path of that tends to movement.
Blockchain.info is one of the most well-known and intensely utilized blockchain wayfarers. This has brisk and simple go to alternatives for looking into a particular exchange or address without an excessive amount of complain. Blockchain.info offers a decent measure of information as general graphs and insights about the Bitcoin Billionaire organize by and large. The site additionally has a wallet administration for both versatile and work area clients.
TradeBlock is somewhat not quite the same as most blockchain pioneers. While it peruses the equivalent blockchain and pulls a similar data for review, it presents that information in an alternate way. The entirety of the data is gathered and designed into outer connections, every one of which prompts hashes for singular exchanges. It monitors the quantity of yields and information sources and shows them independently, which is a touch of a flighty insights that most fundamental clients aren't worried about, yet the more nerd clients will appreciate. It advantageously tracks the specific number of exchange affirmations progressively and continues refreshing as new exchanges are finished. TradeBlock is maybe the most inside and out and subtleties blockchain pioneer on the rundown, and it shows the data in a way that is ideal for the more bad-to-the-bone Bitcoin Billionaire lovers. Last Words On Bitcoin Billionaire Block Explorers Regardless of whether you're searching for a speedy and simple look at an irregular blockchain to straighten something up or you're a profoundly learned Bitcoin Billionaire dealer looking to min-max returns, there is a blockchain traveler on this rundown that has all that you need. https://www.cryptoerapro.com/bitcoin-billionaire/
SideShift.ai is an AUTOMATED COIN SWAP that allows USERS to swap between 20+ cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, USDT, USDC, Monero, Zcash, Dash and much more! Its fast, easy, cheap and requires no signup! They have a volume of around $100k+ every week and if we get VTC on it people can start swapping their crypto faster and it would be a good advertisement for Vertcoin. How can you help?
Do Trading Bots Control The Cryptocurrency Markets?
Supposed You've researched the market price for the coin you want to buy and it is low enough, and you've decided the time is right to buy it. You immediately go to the Binance exchange and place your limit order, hoping that a slight price drop will allow your order to complete quickly. But wait ... what just happened? After placing your order, you notice another buyer place a large order with a marginally higher price, pushing your order below the queue. He says "fair enough" as you decide to increase the bid price of your order to keep your order in the queue and once again your order is pushed downwards and new order just appears above your order and before you know it, that attractive pricing opportunity you wanted to take advantage of is gone. How annoying! Why did this happen? In other words, CryptoTradingBots. Crypto Trading Bots
What Is A Bot?
A bot is an automated trading entity that is programmed to identify market trends and automatically execute trades. Using algorithms, these robot operators can replicate what human operators would do in response to various market scenarios. But crucially, bots can process information and make business decisions much faster than humans. And the bots they just keep improving. They use a wealth of market data to examine trends, update their algorithms, and eventually make more informed and profitable business decisions. Today, bots are used in many financial markets by high-frequency traders to exploit small price anomalies. Markets like currencies have undergone a bot revolution in recent years. The days of crowded commercial flats overflowing with merchants yelling "Buy!" and "Sell!" they are gradually becoming a thing of the past. And e-commerce facilities and rows of computer servers have come in their place as automation takes hold.
Bots And Crypto Markets Are Perfectly Matched
Bots are now proving to be especially popular within the crypto community, from sophistication from free services designed for everyone to more expensive subscription-based bots for professionals. Crypto exchanges are proving to be the ideal playground for bots to expand their influence: Unlike traditional financial markets that normally close evenings and weekends, crypto markets are open 24 hours a day, 7 days a week. This makes them ideal for automated trading: humans sleep but trading bots do not. With some cryptocurrencies now tradable on dozens of exchanges, the abundance of arbitrage opportunities that have arisen can be exploited more efficiently by bots than by traders. Last year, Bloomberg set the amount of automated Bitcoin trading on some exchanges to 80% of total trade volume. Bots could also be partially liable for the massive price changes we've seen in the crypto markets. But what is certain is that a large number of exchange order books are being influenced by bot action. And these bots can produce merchants to buy at a higher price or sell at a lower price than they originally intended. It is often the case with limited orders that bots will be the lowest offer and/or demand prices on the market, and largely the rest of the order book. Also, bots are annoying to deal with! Seeing that your offer is outnumbered almost instantly, and by a robot, not even another merchant, can be very irritating, especially if you place your initial order intending to capitalize on what you think is a 'wrong price' in the market. Looking at market orders, you can also observe a series of bot orders of insignificant quantities that exist close to the market price, before the initial order of any true important quantity is further from the market. Again, bots are trying to trick you into placing a market order that fills up instantly, but most of which will be filled against the large order at a worse price.
Counter Crypto Trading Bot Activity
It can be tempting to outperform the robots simply by resubmitting your limit order with a slight lowering the price although such a single trade strategy may not significantly harm your end-of-day earnings if you are a serious crypto trader who conducts multiple trades on multiple exchanges every day, these small but frequent annoyances will inevitably amount to considerable long-term loss. As such, it may be preferable to keep your order at the price you originally intended. If there is at least some volatility in the market, then your order will complete if you are not in any particular hurry, it is also recommended to take a minute to observe the behavior of the order book. Often bot orders will appear and then suddenly disappear, or move around the book due to constant price adjustments being made. By trying to identify bot intentions, you can end up in a more informed position regarding how and when you place your order. Of course, buying a bot yourself could also help. As more data is collected on the price behavior of various crypto assets, these machines will only evolve further and become even more sophisticated in their business competition. But whatever you do, being aware of the existence and influence of bots will help you avoid getting carried away by a sub-optimal trading position.
Waking up at 7.30am on a bank holiday morning is not a great start to a day off work. Reading the multiple messages from wellwishers at 7.31am congratulating you on winning the millionairemaker draw is the best way to start any day. Im dumbfounded!! Hey, everyone, Im u/Lereisn and im your 41st winner!! Im a 41yr old dude from England (41! My new favourite number). Happily married, no kidlets, one crazy pooch. Im a manager in insurance (16yr old me would be horrified at this), but take joy in my dull day job by also being a mental health first aider. Im a huge movie and music nerd, if im not at work or on reddit then im sat in the dark watching either movies or stand up comedy, laughter is key to a long, happy, life. Noone really believes they're going to win these things so im kinda speechless at the moment. What am i going to spend the money on? I have no idea! Like everyone, moneys tight and times are hard. I was due to take my first holiday in yeeears this Friday with a trip down to the cornwall coast so ill use that time to think about what to do with it. What i can say is that i had been toying with the idea of completely changing things up and training as a counsellor, but couldn't really afford the tuition. Could this be the kickstart to a whole new future? I can't even begin to process this. Thank you! Thank you, anyone who decides to contribute, and good luck to anyone who enters in the future, anyone really can win it!!! Edit : Dog Tax! Edit 1: Wow! Thanks everyone, I've had notifications on and every time my phone has buzzed its felt like a virtual hug! You guys rock!! Ive discovered that Google Pay only lets you receive money sent in your countries currency, so thanks everyone from the US sending money but i can't accept. Ill send it right back so it doesn't sit in Googles account rather than yours. Same those sending by Venmo. Currently approx £200 by Paypal and £25 crypto. You're all beautiful. EDIT 2: My phone is still buzzing. This has been the most incredible day!! I may have opened a bottle of wine last night to toast each and every one of you generous souls. Current generosity standing at: Paypal - £379.96 Crypto - £52 Google - £49 all returned as Google dont allow $ to £ Thanks, everyone, again. Redditors are the best kind of people!! Edit 3: what a crazy couple of days!! My phone has been buzzing non stop with messages and donations, thanks to everyone who contributed. At this point everyone just wants to know how much i got, haha. Paypal was the most used method, obviously they charge so this has impacted the total amount coming through, thanks again to everyone who paid so that i could receive something, youre all incredible. Paypal: £539.44 Combined crypto : £175 approx Taking exchange rates and charges into account that's probably $1400ish dollars that people have forked out. Incredible!! Cheers millionairemakers, youre beautiful people! ~ Lereisn. Everything listed should result in direct lines of payment to Lereisn. We ask all users to donate at least $1 USD. The [Draw] thread is also listed for users who want to see the results and confirm the validity of the winner.
Why is the RandomX algorithm being hyped to the moon?
TL;DR: don't assume the average return from mining RandomX will be higher than the current CryptonightR algorithm. Hold back your excitement for now. I think we all need to bring something to our attention. Over the last month, there have been so many topics and comments here on MoneroMining about the new 'RandomX' algorithm. This algorithm is supposed to be launched a couple of months from now. There are many questions like "is this a good hashrate for my CPU"? "What's your power usage on RandomX"? "How can I tune my CPU for RandomX"? "How would the algorithm perform on this hardware"? I think these are great constructive comments that are at the heart of what miners stand for. We miners love optimizing our rigs and educating ourselves on technological trends. But I've noticed many questions such as "what parts should I buy for a RandomX mining rig"? "Is an AMD Ryzen 9 3900x a good investment"? "What parts will give me the most profit when RandomX launches"? Many of these questions are asked with very little research. I think there's a gold fever brewing behind some of these comments. The kind of motives that have bankrupted many miners in the past bubbles. As we have seen in 2014 and 2018, anybody who enters the crypto industry with an 'I want easy profit' attitude almost always goes bankrupt. They buy coins or hardware at the peak of the bubble. Sometimes they get lucky and sell their coins or rigs right before the crash (only to get burned in a future bubble later). But most of the time, these new users lose most of their investment. As a veteran miner, a lot of alarm bells ring in my head when I read these kinds of RandomX hype posts. I have no reason to think CPU mining will be more profitable on RandomX than on the current CryptonightR.
If the new AMD CPUs are very efficient on RandomX, that just means more people will buy them, driving up the difficulty. Your shiny R9 3900x's profit will start falling because it's no longer as competitive against the other hardware on the network.
If the profits on day 1 of the RandomX launch are indeed high, more people will start adding rigs to the network. If the average miner's profit is above the equilibrium of the market, it will start going down. That equilibrium is largely set by botnets, large scale farms in China/Russia/Niagara Falls/Georgia, and datacenters with spare capacity. So if your R9 3900x earns $10/day on day 1, you can count on that golden streak ending soon.
CPU mining as a market is never stable. Your CPU rig is limited tojust 1 or 2 coins: Monero and Veruscoin. Edit: there are a few more CPU coins than these. AMD GPUs can at least mine 3 or 4 coins well, while nVidia GPUs are the best at 5-10 different algorithms. GPU mining is a safer, less risky investment. GPU mining is like playing blackjack. Building a rig specifically for CPU mining is like tossing a coin. You're locked into one coin by building a CPU rig. Yes, it has resale value to gamers, but it's much harder to resell a MOBO combo than a bunch of GPUs at any price. Trust me, I've sold hundreds of GPUs and dozens of MOBOs before!
I don't know what the market share of CPUs vs. GPUs on CryptonightR is right now. But if most of the current nethash is made up of CPUs, these CPUs will have no choice but to switch to RandomX when it is out. There's no other coin for them to mine, unless they have some work to do outside of mining. So almost all of them will get onto the RandomX network, too, along with your expensive new CPU rig. I think this'll be the biggest factor driving up difficulty. Yes, the older CPUs might not be as efficient as the new Ryzens, but many of them are already paid for in terms of capital (like in a datacenter) or have free power (like in a botnet or apartment with free power).
You might say that Monero will always be profitable enough because it has survived so long, or the developers are better, or they're taking action against ASICs. But that doesn't necessarily guarantee profit. Monero might be a successful coin and overtake ETH, but that has nothing to do with profit on the network. Even though Bitcoin's really successful, you're guaranteed to lose money if you buy the latest Antminer and run it at residential power rates. Meanwhile, Dogecoin back in the day had awesome profits even though it was a blatant fork of LTC with few improvements.
Your new RandomX rig might look like it has decent "ROI" to you, but that doesn't mean it was the best investment. You might have been better off building a GPU rig and mining Grincoin or Ravencoin. I.E. if you build a RandomX rig, you're earning less profit for the same amount of capital invested. And even if you earn the same return, you still took a higher risk than if you built a GPU rig (see the point above).
In the GPU mining community, I have the feeling that there's a lot of resentment over the 2018 crypto recession and the whole 'ASIC miner invasion'. I think people here are feeling burned over their losses last year and the evil ASIC takeover, and want an opportunity for the little guy to start mining again. So we're falsely seeing the RandomX ray of hope as a floodlight, and getting overexcited. And in general, the ordinary person cannot make a significant, steady profit in the crypto mining industry. The guy who wrote that thread is very rich and even 100 GTX 1080 Ti's cost nothing to him. The reason he became wealthy is because he avoided get-rich-quick gimmicks back in the day (like the dotcom sites) and focused on learning technology for the future. Mining will not make you rich, and especially not RandomX coin tossing. If you love RandomX, build your rig now, keep benchmarking and undervolting and have fun at it. But if you just want profit, wait until RandomX is up and running. And consider all the risks involved with a new algorithm and commercial mining in general. So I hope we can all reconsider whether we're excited about RandomX for the right reasons. Let's try to avoid jumping to conclusions about profitability and hold off on the Newegg 'checkout' button. Even though 12 cores at 70 watts sounds awesome. Happy mining!
Blockchain technology was created over a decade ago in a search for a way of reaching consensus without having to deal with any central organs. The creator of Bitcoin thought of several rules and regulatory means within the original Bitcoin protocol, that could not be changed without the approval of at least 51% of the network. These changes, however, no matter the percentage of the network that agrees, are called forks. They come in different forms, and history has shown that they can be pretty brutal. In this article, we’ll have a look at what these forks are, what happens when they occur, and find out more about an example to show how serious these forks can get. What’s the difference between a hard- and a soft fork? Over the years we have seen many disputes happening over the course of the development of several blockchains. A large part of the network wants scenario A, and the other part keeps supporting scenario B, no consensus can be reached without losing one part of the network. There are several situations that come in the form of forks, there are three different kinds of forks;
Whenever two miners attempt to mine the same block at the same time. This is solved by the proof-of-work mechanism.
A backward compatible method of upgrading a blockchain. The newly integrated software can be added without requiring changes to the old data. All participants in the network can continue verifying without having to do any upgrades.
A new set of consensus rules are introduced into the network that is not compatible with the older network. This means, all the miners in the network are supposed to upgrade in order to continue verifying blocks on the network. After reading this, you might understand where the issues arise. With any change, there are people who will disagree with the undergoing changes. In the blockchain world, this has happened multiple times. As there are hundreds of different blockchains these days, there are thousands of hard forks that have happened over time. The coin that we now know as Litecoin was once hard forked from the original Bitcoin protocol. Verge is a hard fork that originates from the Dogecoin project, this list goes on and on. Starting your own currency is the easiest when you can simply copy a huge part of another project. Bitcoin Cash In the previously mentioned examples, this all went the way it’s supposed to go, but that’s not always the case. In 2017, the discussions about the future of the Bitcoin protocol started reaching new levels. The discussion was surrounding the implementation of Segwit, a new technology that included an increase in block size. The bigger block size would favor those who mean the network could handle more transactions per second, but it would make it more difficult to mine. Eventually, a group of bitcoin activists investors, entrepreneurs, developers, and largely China-based miners took efforts in their own hands. After a series of debates, this group came together and created their own coin, Bitcoin Cash. In order to create awareness and adoption throughout, anyone that owned 1 Bitcoin, received 1 Bitcoin Cash. This came as a gift to many, giving many people hundreds of dollars of ‘free’ cash. Now, years later the two men behind the Bitcoin Cash fork, Roger Ver and Craig Wright, got into a dispute about the future of Bitcoin Cash. Their arguments then led to another hard fork, Bitcoin SV and Bitcoin ABC. As an investor, you can benefit from these hard forks if you are aware of their occurrence. When acting at the right moment, simply holding the required tokens can bring you loads of free tokens of the newly created project. So, keep your eye out for any hard forks happening!
Exchange Bitcoin (BTC) to Dogecoin (DOGE) The list below shows exchangers where you can exchange Bitcoin (BTC) to Dogecoin (DOGE). The exchangers are sorted by the rate, with the best rates on the top. To select an exchanger, you may want to check its reserves and reviews. To exchange money, click on the exchanger you choose and go to its website. Dogecoin is a decentralized cryptocurrency using the blockchain that has been holding it's own on the charts since shortly after it's release in 2013. It uses the same technology as litecoin, and unlike bitcoin, there is no market cap, making it impossible for corporate america to horde the coin and control the markets the way they have with Hello, I want to change dogecoin to bitcoin, is it possible? I have a bitcoin wallet and a dogecoin wallet. Is there any site to make the conversion? If it's possible, I want trustable sites already used by the community. For sure Dogecoin has its place in the cryptosphere as meme cryptocurrency. It has enabled many to taste the flavor of cryptocurrencies without investing too much into it. But now the game is getting more serious, and altcoins like Doge will continue to fall in comparison to Bitcoin. So it is good to position yourself in Bitcoin. How selected exchange Dogecoin DOGE to Bitcoin BTC. To change the exchange direction, use the left sidebar and do not forget to select currency type in the drop-down list. Specify an amount of exchange at the top of the table to see a calculated data for exchangers. Place the cursor at the numbers highlighted in red to see a reason for their
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