Bitcoin Wallet: How to Create and Which ... - Guest Posts Hub

0xMonero, summary of findings

Edit: There was prior work by Artemiscult I didn't know about from a month ago!
Hi, this is a summary of my findings on 0xMonero, which claims to be "a mineable privacy focused project".
The contract was deployed on April 18th of this year, verified on Etherscan the same day, announced on Twitter soon after. It was announced on Bitcoin Talk about ten days later. 0xMonero's contract is an uncredited rip of 0xBitcoin's with only very small changes. The mining software recommended by 0xMonero was written for 0xBitcoin. There are two other more modern miners written for 0xBitcoin, but up until recently, they have only supported pool mining, not solo. My suspicion for why 0xMonero recommends the older miner is that they don't have anyone competent to run a mining pool.
Here's 0xMonero's stats page, and here's 0xBitcoin's. Look familiar? 0x1d00ffff wrote that page for 0xBitcoin about a month after the 0xBitcoin project started in February 2018. Here's the initial commit, and here are the changes 0xMonero made. When 0xMonero ripped it, at least they left the author's Etherscan link at the bottom.
Here's 0xMonero's official GitHub. As of now, there are 20 repos, but they are all forks, zero original repos. I've been told that 0xMonero has ten developers. When I asked to see their GitHub accounts, I was told that they were all too concerned with privacy. That doesn't make sense to me, since I've been doing anonymous development under various identities for years. Here's the account associated with my work for 0xBitcoin, and here's another project I work on with other anonymous developers.
Why does 0xMonero make reference to Monero? I don't know. As far as I can tell, 0xMonero has nothing to do with Monero. I can say with certainty that since 0xMonero's contract is an almost identical copy of 0xBitcoin's, and 0xBitcoin deliberately did not include privacy features, there are no privacy features in the 0xMonero contract. They would have to be elsewhere. But as far as I know, there is no other code to look at.
Here's a piece-by-piece analysis of the claims on 0xMonero's site:
Here's a thread started by DigitalInvestments2 who claims to be a top holder of 0xMonero. In that thread, I asked many direct questions, and was not able to receive any clarification or substantiation of any aspect of what 0xMonero says they are working on.
When I couldn't get answers in that thread, I reached out twice to the official 0xMonero Twitter account asking them to start a thread where it would be possible to get answers. I got blocked. At the same time, I was blocked by another related Twitter account. Here's that account lying about 0xMonero's (nonexistent) privacy features.
I started talking about this stuff on 0xMonero's Bitcoin Talk thread about a week ago. I have been unable to get any answers there, either. But someone in that thread reported me. For what, I don't know.
I think that's it for what I know about 0xMonero at the moment. Please let me know what you think. Thanks.
Edit: Here's that related Twitter account lying about 0xMonero's nonexistent privacy features again.
Edit: lying about 0xMonero's nonexistent privacy features again, and AGAIN. Suggesting to people that 0xMonero is somehow private is dangerous.
Edit: ... lying about privacy again.
Edit: agreement about 0xMonero most likely being a complete scam from a second source: https://twitter.com/CryptoScamCases/status/1292753105097031680
Edit: lying about privacy again. Noticing a trend with 0xMonero and lying?
submitted by 0xBrian to CryptoMoonShots [link] [comments]

I earned about 4000% more btc with my android tablet than with a $250 ASIC mini rig setup using GekkoScience Newpac USB miners!

Requirements:
1.) Android Device with access to Google Play Store. *I haven't tried yet but you may be able to use tis on Android TV devces as well by sideloading. If anyone has success before I try, let me know! -Note, I did this with a Samsung Galaxy Tab S6 so its a newer more powerful device. If your android is older, your profts will most likely be less than what I earned but to give a projected range I also tested on my Raspberry Pi 4 running a custom LineageOS rom that doesn't allow the OS to make full use of the Pi's specs and I still got 500 h/s on that with Cloud boost, so about 60% of what my Tab 6 with MUCH Higher Specs does.
**Hey guys. Before I get started i just wanted to be clear about one thing. Yes I have seen those scammy posts sharing "miracle" boosts and fixes. I have a hard time believing stuff online anymore. But this is honestly real. Ill attach photos and explain the whole story and process below. Thanks for taking the time to read and feel free to share any thoughts, concerns, tips, etc*
So last week I finally got started with my first mini rig type mining build. I started getting into crypto about a year ago and it has taken me a long time to even grasp half of the projects out there but its been fun thus far! Anyways my rig was 2 GekkoScience Newpac USB miners, a Moonlander USB miner to pair with an FPGA i already had mining, a 10 port 60W 3.0 USB hub and 2 usb fans. The Newpacs actually are hashing at a combined 280 g/s which is actually better than their reported max hash rate when overclocked. Pleasant surpise and they are simple!! I just wanted to get a moonlander because my fpga already mines on Odocrypt for DGB and I just wanted to experience Scrypt mining and help build the DGB project. The Newpacs are mining BTC though.
After I got everything up and running i checked my payout daily average after 1 week. I averaged .01 a day TOTAL between all three miners with them all perforing ABOVE SPEC!!! I had done research so i knew I wouldnt earn much. More than anything i just wanted to learn. But still. I was kinda surprised in a negative way. Yesterday I actually earned less than .01 Frustrated I went back to scouring the web for new ideas. About a year ago, when II was starting, I saw an app on my iphone called CryptoBrowser that claimed to mine btc on your phone without actually using phone resources using a method of cloud mining. I tried it for a week and quit because I earned like .03 after a ton of use and seemed scammy. Plus my iphone actually would get very hot when doing this so I quit using it as it seemed like a possible scam with all the cryptonight browser mining hacks and malware out there.
Anyways I was on my Galaxy Tab S6 and saw that CryptoBrowser released a "PRO" edition for 3.99 on Google Play. I bought it for Sh*ts and giggles and booted it up. It came with what they called "Cloud Boost" Essentially this is a button you press and it multiplys the estimated hashrate that it gives you device by the number shown on the boost button. (With the purchase of PRO you get one free x10 boost. You can purchase additional boosts to use with other android devices but those are actually pretty pricy. Another x10 boost was like $25 if i remember correctly).
I played with it for about an hour to see if it actually worked like it said it would this time. To my surprise, as i was browsing, my device didnt increase in temperature AT ALL!!!!! I checked my tast manager to confirm and it was indeed true, my memory and usage barely went up. it was giving me an estimated range of 80-105 on the hashrate. Once i pushed the x10 boost button, that went to 800-1150 h/s. I switched my screen to not go to sleep, plugged it to the charge and let it run on the browser page, hashing. When you push the boost button, it runs for 3 hours at the boosted speeds. After that it goes back to normal but if you press the button again, it boosts everything again. There is no limit to how many times you use it. After checking what I earned after 24 hours, I HAD MADE .40 in BTC!!!!! I JUST EARNED OVER 4000% MORE THAN MY $280 MINING RIG EARNED ME!!!! I was blown away. Maybe this was a fluke? I did it again next day. Every 3 hours or so I would push the button again but thats all. Sure enough, .35 that day. Also, it realy BTC. I requested a payout and although it took like 12 hours for them to send me an email stating they had just sent it, I actually did recieve the state amount of BTC within 24 hours in my personal wallet. The fees to send are SUPER LOW!. Like .01
Below I will list the steps I took, along with an explanation of thier "Mining" process on Androids. Reminder, this ONLY WORKS ON ANDROIDS. Also DO NOT use cryptobrowser on a physcal laptop or desktop. I ran it on an old laptop for three days last year and it fried it. It does actually use your hardware on those platforms to mine and it is not efficnet at all as I suspect they prob steal over half of your power for themselves using the REAL RandomX protocol via browser mining which is EXTREMELY INEFFICIENT DONT TRY IT!!
-----How To Do This Yourself:
Cryptotab Browser states the program works on Android devices by estimating what it thinks the hashrate would be for your device specs and siimulates what you would mine in a remote server however you still earn that estimated coin amount. It is not a SHA-256 process or coin that they say is mining, rather it is XMR and they swap that and pay it out to you in BTC Bitcoin. However I know damn well my Tab S6 doesnt hash 80-105 h/s on RandomX because I have done it with a moodified XMRig module i ported to Android. I got 5 h/s a sec if I was getting any hashes at all. But thats besides the point as I still was making money.
Now, when you press that cloud boost button it immediately boosts that hash rate it estimates by the number on the cloud boost. As stated above, you can purchase more boosts and gift them or use them on extra android devices that you may have. Again, they are pricey so I'm not doing that plus it would just mean that I have another device that I have to leave on and open. The boosts come in x2, x4, x6, x8 and x10 variants. Again, they have unlimited uses.
Here is the link to grab yourself CryptoBrowser Pro from CryptoTab. This IS A REFERRAL LINK! This is where I benefit from doing tis tutorial. Like i said, I want to be transparent as this is not a scam but I'm also not doing this out of the love of my heart. Their referral system works in that people that use the donwload the app using your link are your stage 1 referrals. Anytime they are mining, you earn a 15% bonus. So say they mine $.30 one day. You would get paid out an additional $.045 in your own balance (it does not come out of the referred user balance fyi so no worries). Then lets say that referred miner also gets their own referrals. I would get a 10% bonus on whatever THOSE people mine. This goes on and on for like 8 tiers. Each tier the bonus percntage essential halves. So again, I stand to benefit from this but it also is stupid to not make this visible as its WAY CHEAPER, EASIER AND MORE PROFITABLE TO GET BTC USING THIS METHOD THAN IT IS USING ASICS!! THIS EARNS ALMOST AS MUCH BTC AS AN ANTMINER S7 DOES RUNNING 24/7 ONLY WITHOUT THE HUGE ELLECTRICTY BILL AND COSTS!!!!)
Thats it. Again, if you have concerns, let me know or if you have suggestions, other tips, etc... mention those as well!!!
https://cryptotabbrowser.com/8557319
Links to Picture Proof http://imgur.com/gallery/P13bEsB
submitted by Afraid_Balance to earnbitcoin [link] [comments]

The Types of BTC Wallets

There are several types of wallets you can use including online, offline, mobile, hardware, desktop, and paper.
Each “type” refers to what type of medium the wallet is stored on, who is in control of the wallet, and whether or not the data is stored online.
Some wallets offer more than one method of accessing the wallet – for instance; Bitcoin.com’s wallet is both a desktop application and a mobile app.
Also, most wallets fit more than one category below. For example Bitcoin Core is a full node coin-specific desktop wallet.
Here is a quick breakdown of the different types of cryptocurrency wallets:
Full Node Wallet: A wallet where you control your private keys and host a full copy of the blockchain. Essentially every coin has an official wallet of this type and that can be found on the official GitHub of the site (there is often a link on the official website). NOTE: “Official” in this sense means “put out by or endorsed by the developers who created the coin.” Many cryptos are decentralized, so there is no real official anything.
Custodial Wallet: Some wallets let you control your private keys, some are custodial (you don’t control your keys directly). Most exchange wallets are custodial wallets.
Desktop Wallet: The most common type of wallet. Typically an app that connects directly to a coin’s client.
Mobile Wallet: A wallet that is run from a smartphone app.
Online Wallet: An online wallet is a web-based wallet. You don’t download an app, but rather data is hosted on a real or virtual server. Some online wallets are hybrid wallets allowing encryption of private data before being sent to the online server.
Software Wallet: Any wallet that is software-based is a software wallet.
Hardware Wallet: Dedicated hardware that is specifically built to hold cryptocurrency and keep it secure. This includes USB devices. These devices can go online to make transactions and get data and then can be taken offline for transportation and security.
Paper Wallet: You can print out a QR code for both a public and private key. This allows you to both send and receive digital currency using a paper wallet. With this option, you can completely avoid storing digital data about your currency by using a paper wallet.
Coin-specific: A wallet that only works with a specific coin.
Network-specific: A wallet that can hold multiple tokens on a single network.
Universal / multi-asset / multi-coin: A wallet that can hold addresses from multiple coins. Please note that just because a wallet is “universal” doesn’t mean it literally holds every crypto asset. From exchanges to the best multi-asset wallet out there, I don’t know of any product that holds literally every crypto.
submitted by habillebill to Recoverbitcoinetheriu [link] [comments]

⟳ 870 apps added, 78 updated at f-droid.org

Notice: this update is spurious, and the issue is being looked at.
⟳ f-droid.org from Wed, 26 Feb 2020 20:21:50 GMT updated on Sun, 01 Mar 2020 05:23:29 GMT contains 2962 apps.
Added (870)
Updated (78)
2020-03-01T05:53:18Z
submitted by BrainstormBot to FDroidUpdates [link] [comments]

Putting the fun back into FUNgibility (full node, JM, and yield generator)

I'm new to BTC (<1 year) and not a blockchain guru, but I started stacking sats as an alternative investment. I'm not retiring off my crypto anytime soon, but its enough value that I want to increase my BTC security and competency (currently stored in an exchange wallet like a pleb). I was on the verge of moving everything into cold storage, but then I found JM through Googling keywords along the lines of "bitcoin income generation."
I've been studying up on JM for the last 48h, and decided to: build a full node, create a JM wallet, start running yield-generator. Even though it sounds like income will be zero or close to zero, I hope it will be a fun learning project.
I'm going to go out right now to buy some hardware components and will continue to update this thread after each milestone. I'm expecting to learn a lot through this process so I am making this post so that others can learn from my inevitable mistakes, and a place to ask for help if I run into problems.
Stay tuned for updates!

Update 1: Shopping completed. I'm going with a Raspberry Pi with 4GB of ram, 0.5TB external SSD to store the blockchain. I bought a couple of accessories to help me set up the environment (keyboard, mouse, lcd, usb hub). I also bought a pimoroni fan shim to make sure nothing overheats. I'll be using my windows laptop for initial setup as well. Next step is hardware setup and software environment (Raspian, fan service controller, and hdd partition). Image of all hardware components: https://imgur.com/aKlJ3LD
Update 2: Good success with the hardware portion of the project. After I got my OS running I immediately nuked my SD card by running fstab without reading man first - classic. I wasted an hour trying to recover, then reflashed my OS and got everything running. First I got the fan service controller working, then formatted external hdd for ext4 (came with ntfs from the store), setup firewall and tor, and installed bitcoind. The next step is to finish allowing my blockchain to sync, and then test all functionality before starting with joinmarket. Results: https://imgur.com/a/sE1f1ap
Update 3: It is taking a long time to fully sync to the network so I decided to install but not configure JM during this lag time. I successfully installed JM, but I decided to call it quits for today before editing joinmarket.cfg. I was hoping to be completely done today but I lost several hours due to my own incompetence. I should have enough time during the week to continue this project, so I will check back in tomorrow. Does anyone have advice on joinmarket.cfg settings for tor? Current status: https://imgur.com/1Tp7kJN
Update 4: After a long delay due to lack of time during work, I finally got everything working 100%. Due to privacy and security advice from friends, I will not be posting any specific information about my JM wallet, but it is up and running and able to submit and participate in coinjoins - very exciting! I'm going to start learning about payjoin next. Thank you to Joinmarket creators and community for helping me through this process... I will continue to provide new content in the future with any significant updates to either joinmarket code base or to my own setup.
submitted by FUNgibility21 to joinmarket [link] [comments]

Idea: Federated Hardware Wallet

A hardware wallet is as good as it gets right now for coin security. However, there are problems with hardware wallets:
  1. Most hardware wallets aren't open source (other than Trezor, which does have an open source hardware design).
  2. All hardware wallets are manufactured in a non-transparent way, which means the actual manufactured product may be different from the design in non-obvious ways. There may be no alternative to this other than self-manufacture (3d printers?).
  3. All hardware wallets are built with parts manufactured by 3rd parties that could theoretically be compromised.
  4. All hardware wallets are shipped to you via 3rd parties (again, unless you somehow build it yourself).
Basically, any compromised part of the system could lead to theft. Anyone could theoretically compromise the wallet in a way that allows them to steal your coins: the hardware wallet seller (1), the hardware assemblers (2), the parts manufacturers (3), or a middleman during shipping (4).
But we could make this vector much more difficult to do by using multiple hardware wallets manufactured, assembled, sold, and shipped by completely different groups. Then we can use a multi-sig wallet to tie keys from each wallet together to make the final wallet. This way, in order to steal your money, not only must each hardware wallet have to have a back door, but all of those people that added back doors must then cooperate to steal your funds. This is far far harder than compromising one hardware wallet.
In order to make this remain user friendly, here's my thoughts on how this could be made into a single federated device.
A. Each hardware wallet would consist of a screen for displaying relevant information (eg the transaction you're signing) and a physical button for confirmation.
B. The individual hardware wallets would connect to a hub device that has a keyboard (like a palm treo style keyboard) and a usb connector (to connect to your computephone/etc).
When you connect each hardware wallet to the hub, each hardware wallet generates a public key that identifies the hardware wallet itself to the hub. That public key is then used in the future to establish authenticated encrypted communication between the hub and a given hardware wallet (so a malicious device can't pretend to be one of the hardware wallets and extract information). When you generate a wallet, each hardware wallet creates a unique seed and uses that to generate a key. The keys are used to create a multi-sig wallet. If you use a passphrase (which you should), the passphrase is sent to each hardware wallet and displayed on each HW Wallet screen so you can verify its correct on every device.
Once you have a wallet set up, using the wallet is done much like a normal hardware wallet. You create the transaction in your favorite bitcoin software, send it to the hub, type in your password (the hub sends the resulting salted hashes to each HW wallet), and after verifying on each HW wallet's screen the transaction is correct, you press the button on each HW wallet to finish signing and send the transaction.
The result of this is that:
I. Your hub only ever knows your password and not your seeds.
II. Each seed is only ever known by one of the hardware wallets.
III. All N hardware wallets plus the password are needed to make a valid transaction.
I'm imagining this with 4 hardware wallets on the hub with screens parallel to each other with synchronized text so it will be easy to read each one and easy to tell that they're displaying the same information. I really think this could substantially close up the last piece of trust required to store your bitcoins securely.
What do people think?
submitted by fresheneesz to BitcoinDiscussion [link] [comments]

[ELI5] How to send coins using Coinb.in

How to send coins from ANY wallet using https://coinb.in/#settings

Why?

Because cold wallets, such as those stored offline in a text file as I keep recommending in my standard advice below:
All you need is a text file to put your wallets in, like this example from https://walletgenerator.net/?currency=Dogecoin
1,"D7WBUpdgLRtG6WyPsqjhaKiJR65X8ZGnkZ","6KieLMW1poAzNVnmLuQZqA262gxEQ51eLGdDK8e2GL2B4LHCKKb" 2,"DM8LT16d49zHr8ByXbUwZb9UBXDGMaZRdc","6Ktgxdv6vN9v2bDHwcJBBb3oMRAgXJumESzBnxaXUSGFZoq6pWQ" 3,"D5UCa51AfxjtVHQ46oYXe2YfkctTeLXPhx","6L2WSPWadRYCwt2L1CxH6zC7PoTYY3KyjxdiUoCqi5eyq6hQKvj"
Use https://coinb.in/#settings to move coins. Download both sites and run them offline. Use https://bitinfocharts.com/dogecoin/ to check balances and transactions. See http://www.mocacinno.com/blog/create-sign-broadcast-transactions-using-coinb/ for coinb.in tutorial. And read the ELI5s (and my history) for more info.
Are without doubt THE SAFEST way to store your coins. Plus, they consume no resources. No bandwidth, no network stress for every node we have, no storage of 20Gb+ blockchains, no weeks of waiting for things to sync, no tearing your hair out and posting desperate pleas for help, and most importantly, no coins irretrievably lost because you or your client screwed up.

What?

Wallets, ALL WALLETS are nothing but numbers. Very large numbers, but fundamentally no different from “7”, “42”, “911” or a phone number. They cannot be created nor destroyed, and you either know them or you don’t. Anyone who knows a key can use it to spend any coins it controls. Anyone who doesn’t know it, can’t. Don’t be the guy who doesn’t know his own keys. Keep them safe. Make copies. Keep those safe. Don’t let your friends, kid brother or random burglar find them, but don’t lose them either.
The only other thing you need for a fully functional wallet is a way to spend coins. Coinb.in is such a way. There are others, such as DogeCoinMultiSig.org which tomcarbon built.
Oh, and you can and should download it and run it locally.

Where?

The default entry point for coinb.in is https://coinb.in/#settings because this settings page is very well hidden. Its in the tiny gear wheel on the Broadcast page.
Looking across the top of the page, you can see
  • + New
  • Verify
  • Sign
  • Broadcast
  • Wallet
  • About
We’re only going to use three of these. New, Sign, Broadcast.
Now, keep in mind that coinb.in is an old Bitcoin tool which tomcarbon added Dogecoin to. Sometimes it thinks its dealing with Bitcoin still, so if you see anything odd, go and make sure you’ve selected Dogecoin in the Settings page.

When?

This tool should be the only place you spend coins. Sure, some clients may look more convenient, but they all suffer from a very big coin-losing flaw. Whenever you split a UTXO, they create a new wallet to send the change to. And they DON’T TELL YOU! This means unless you back up after every transaction, you run a high risk of finding all your coins have ‘disappeared’ from your wallet, and you don’t recognise where they went.
So if you use a client for the convenience as well as a text list of your wallets, you won’t know to add a new wallet to your masterfile. Its best to ditch the clients entirely.

How?

Now we come to the nitty-gritty. Lets use those three wallets above and assume that #1 is the source, #2 the destination and #3 the change wallet. Note that these won’t actually work, as none of them have ever been used, but they will do as examples.
New Transaction
Located at the bottom of the New menu, this will give you a page to enter your wallets and amounts.
In the top field, you enter your source address or Key. If you use the key, it will calculate the address when you click the Load button, which should match what you expected. Note that Load only brings in the first 100 UTXOs. This is so that you can retrieve coins from high-volume wallets which would kill any client. Coinb.in is in fact the ONLY WAY to do this, as even QT falls over around 600 UTXOs.
You will see the total balance that was loaded in the Transaction Fee field. And also in the Inputs tab, where you can go to adjust which UTXOs to spend.
Now you need to add the wallet(s) and amounts to send to them. Lets suppose the source contained a single UTXO for 1,000 Doge. You want to send 500 of them. So you would enter the #2 address in the Address field, and 500 in the Amount field. The Fee now changes to 500, which is not what you want.
So you click the + button to bring up a new line, enter the change address and the other 500, making the fee zero.
And you’re done. Check that the Fee is indeed zero. Check that the amounts shown in the Outputs and Inputs tabs match exactly.

THIS IS CRITICAL!

There is a bug which will send all the coins to the miners if the Outputs exceed the Inputs. I would have expected the Fee to show as negative in such a situation, but it doesn’t. BE WARNED!
Once everything looks right, hit the Submit button.
This will give you a block of hex code. Copy it.
Sign
Go to the Sign tab and paste it. Add your private key for the source wallet and click Submit. Note this can be done offline for safety.
This will give you another block of hex, the SIGNED transaction.
Broadcast
Copy this and paste it in the Broadcast tab and click Submit.
That’s it. Your coins are on their way. Make a cuppa and settle in while they arrive in a minute or three.
Note: All fields retain their values unless you refresh the page! This can be a boon when doing multiple transactions, such as when emptying a huge wallet. But it can also be a trap for the unsuspecting. Refresh or close the window when you’re done.

Who?

Who should use this?
Absolutely EVERYONE!
Even if you’re wedded to your client in some satanic blood-contract, you should still know how this works, because sooner or later you’re going to have a problem you can’t fix without it.
Definitely download the site and store it on every device you have. On every USB backup of your wallets. On your phone (well, except iOS which doesn’t do local HTML), etc, etc, etc.
Oh, and if you’re a programmer SmartyShibe, do consider improving the code over on GitHub.
EDIT: https://github.com/OutCast3k/coinbin added courtesy of AtomHearth
submitted by Fulvio55 to dogecoin [link] [comments]

TREZOR Bitcoin Wallet for Android

Hi! I started developing TREZOR Bitcoin Wallet for Android as part of my Bachelor's thesis this year and I've been working on it since then in my free time. It uses the same backend as the web TREZOR Wallet and I've tried to keep a similar look and feel. It already has most of the features of the web wallet as well, including:
The source code is available on GitHub: https://github.com/MattSkala/trezor-wallet
Feel free to build or download the APK, test it, and post your feedback! You need a device with Android >= 5.0 and a USB OTG cable (or USB-C to USB-C for Model T and recent smartphones). I might release the app on Google Play later on.
So far I can confirm I have successfully used it to pay for a coffee in Paralelní Polis.
submitted by MattSkala to TREZOR [link] [comments]

Where can I spend my Bitcoin/LN on real goods? OR what do you think of this idea?

EDIT / UPDATE: I am shelving all plans to do this app. No need to respond. It sounds like Purse.io has been live for years and other crypto marketplaces are coming online in the near future. Thanks for the responses!



I get the whole hodl thing. I am holding my bitcoin on a hardware wallet and it's not going anywhere.
Awesome. But it's time we all started spending this stuff.

Where can I actually buy goods that I need, like diapers, baby formula, paper towels, microphone, usb hub (these are the last five items I bought from amazon)?

No answer, right? I don't need gimmicks like pizza, stickers, t-shirts nor do I need items from Overstock.

I am looking to see who would be interested in actually spending bitcoin over lightning network?

My proposal:
I am willing to build a website using the Zinc API and Strike API. The former would allow us to purchase items off Amazon and Wal-Mart and whatnot. The latter would allow us to pay via Lightning Network.

Zinc charges $1/order
Strike charges 1%
I would take 1% for my efforts.

In this case: if you bought a single $5 item on amazon, you would be charged 22% (20% covers the $1/order + 2%) juice. If you made a $100 order on Amazon, I would charge $103 ($1/order + 2% = $2).

On trust:

Don't trust me? Well, you don't have to. I have to provide a credit card to Zinc, in San Francisco, so there is all that KYC mumbo jumbo in the states. On the backend, I have to make purchases using a credit card on Amazon, so they got me there. Lastly, I had to provide personal info to Acinq to open the Strike API account! I ain't going anywhere. And, again, all you have to do is whisper "fraud" in association with bitcoin and no one would ever purchase another thing off my site.
Me trust you? Well, I don't have to. All I need is a confirmation of the lightning network transfer via the ole Strike API. I don't care where you ship your items or who you are.

What do you all think of this idea?

The point is not for me to get rich. Lord knows, the site is completely unprofitable at these rates, time consuming, and -- frankly -- exposes me to dealing with people. The point is to open a "shop" where people can use bitcoin to buy actual stuff.


submitted by tedprice to Bitcoin [link] [comments]

Have a question? Read this FAQ first.

Note: I AM NOT A MOD. If you have a question for a mod, please send it to /beermoney. I merely wrote the FAQ.
 
 

THIS FAQ HAS BEEN MOVED. PLEASE VISIT THE WIKI FOR THE CURRENT VERSION.

 
 
 
 
 
 
 
   
 
 
 
 
 
 
 

Welcome to part 1 of the FAQ.

This section covers questions about beermoney in general. This includes questions about exchanging gift cards, what equipment to use, issues with a site not working or offers not crediting, info on posting a giveaway or tasks, taxes, using VPNS/VPS/etc, and other general questions.
 
Part two covers common terms and which sites to use. This includes questions about which sites are available, how to make money quickly, the "best" sites, work under age 18, information about Engageme.tv, and other related questions.
 
 

Notice:

If you use any autosurfing websites, do not cash out to PayPal. There is a chance your PayPal account could be permanently limited. The post specifically mentions fastcashmining.com and cashminingbot.com but others may have the same problem. You should be fine to cash out using other methods.
 
 

WHY WAS MY POST REMOVED?

Due to an increase in spam posts, new posts must be manually approved by a mod before showing up. Most posts will be approved within 12-24 hours. Please be patient during this time.
If your post has not been approved in 24 hours, you likely broke a rule or you simply weren't posting about a /beermoney topic. Having the opportunity to make money does not necessarily make your post /beermoney. Sign up bonuses, crytocurrency wallets, investments, affiliate marketing, actual jobs, and other such things are not /beermoney.
 

HOW DO I GET MY REFERRAL CODE ON THE COMMON BEERMONEY SITES LIST?

You need to be an active member of this community. Users who consistently submit top/quality content to this subreddit will receive the opportunity to put their referral link on the list. Have you seen someone being particularly helpful? Message Threw_it_to_ground to put in your nomination.
Here is more info.
 

WHY DID MY NEEVO / DEFINED CROWD TASK COUNTER GO DOWN?

This typically happens when you've missed a lot of attention checks or were kicked off the job. Don't worry, you should still get paid as long as you weren't giving bad answers. It may take a bit longer for them to validate your answers, and you may get paid a bit less due to the incorrect answers. Make sure to shoot them an email though.
 

WHY CAN'T I DO ANY TASKS FOR NEEVO / DEFINED CROWD?

  • Are you being invited to jobs? — Neevo invites their best workers to new jobs first. You may get an opportunity later.
  • Is your task counter correct? — Your number of tasks will drop if you are banned from the job for failing too many attention checks.
  • Is the job still active? — It's possible that they simply ran out of tasks. Jobs are not closed until the project is completed and verified. Check back later to see if more tasks have been added.
 

WHY HASN'T MY NEEVO / DEFINED CROWD PAYMENT HASN'T ARRIVED YET?

Give them some time. They pay out after the job has been completed and validated. It can take a few weeks to get paid. If the job has been closed for a few weeks and you still haven't received payment, send them an email: [email protected]
 

I HAVE A QUESTION ABOUT QUICKTHOUGHTS / IPOLL

Is It Legit? Quickthoughts does pay some people. However, they are extremely ban happy. You WILL be banned eventually.
Making A Second Account You are not permitted to make a second account under any circumstances. It does not matter if you were wrongfully banned.
Rewards iPhone only gets iTunes and Android only gets Amazon. If you are unhappy about your selection, consider selling or trading your gift card in one of the places mentioned later on in this post. It is possible to log into your account from another device, but this increases your chances of being banned.
Payments Surveys pay between $0.50 and $2 per survey. Different people make different rates depending on their demographics.
Limits You are only permitted to complete 5 surveys per day.
Taxes As with every other site, you have to file taxes.
No Network Connection / Problem With Your Account You were likely banned. Sometimes there is a legitimate network connection problem, but that's their typical ban message.
Why Was I Banned? It happens all the time, even to legit users. Try messaging support and see if they will unban you. Their automated banning system is a bit touchy, and support doesn't seem to care.
Support Not Replying It can take a while for them to get back to you. You need to be patient. If you haven't heard back in a few weeks, try sending another email.
Note: Quickthoughts and IPoll are run by the same company.
 

WHERE CAN I EXCHANGE GIFT CARDS FOR PAYPAL/BITCOIN/ETC?

If you are looking for a way to sell Amazon Balance, check out this post.
If you want to exchange cash methods, check out /Cash4Cash.
 

HOW CAN I EXCHANGE GOOGLE PLAY CREDITS FOR PAYPAL/BITCOIN/ETC?

There's no easy way to do it. Your options include:
  1. Find someone willing to trade an app for money (you buy the app for them, they give you money).
  2. Make an app and set up a payment system. Then spend your credits through the app you made.
  3. Complete an offer on a site like Swagbucks where you are awarded for spending credits.
 

MTURK DENIED MY APPLICATION. WHY?

Mturk is only available for users age 18 or older. They primarily invite US citizens and permanent residents, but some international workers are accepted as well. Their selection process is seemingly random. If you weren't accepted, you may unexpectedly be approved in the following weeks/months.
 

WHY AM I NOT GETTING ANY SURVEYS?

  • Did you just join yesterday? — New users often see more surveys available on their first day due to the site already having a batch of surveys available. You need to wait for more to get added.
  • Is it during a holiday or a summewinter break? — Many sites such as mTurk and Prolific offer academic studies. This means that there will be more surveys during the school year, and far fewer during summer and holiday breaks. Also, there are more people looking for work during the breaks.
  • Are you checking the site constantly? — Surveys go quickly on the better paying sites. You may only get a few seconds to a couple minutes to accept the task.
  • Are you outside the USA? — There tends to be fewer surveys for non-USA workers.
  • Were you speeding or lying on previous surveys? — You may have been banned.
If you still aren't seeing any surveys after a few weeks, you may just not be in a desirable demographic. It doesn't hurt to contact support to ensure there isn't anything wrong with your account, but chances are there just hasn't been a survey needing you yet.
 

THESE @#%& SURVEYS KEEP DISQUALIFYING ME!!

Yes, that will happen.
 

BUT I SPENT 30 MINUTES ON IT!

Yup. It happens. Survey portals are notorious for disqualifying people. Sites that specialize in doing just surveys tend to be better. Basically, if you're on a site that has an offer wall and surveys, expect disqualifications to happen.
 
There are a few ways to prevent it, but nothing is guaranteed.
  1. Take a couple screenshots as you progress through the survey, especially towards the end. Sometimes support will credit you if you bring it to their attention.
  2. Don't rush, and don't walk away in the middle of a survey. If you're getting disqualified a lot, try counting to 5 after each question.
  3. Always be consistent in your answers. There are a lot of questions designed to figure out if you're telling the truth or not. If your answers keep changing, you'll be disqualified.
  4. Watch out for attention check questions. Sometimes questions will ask you to select a certain response, answer questions about text you've just read, or ask you silly questions such as "Are you an alien?".
 

OFFERS AREN'T CREDITING ME!

Make sure you don't have an adblock or any other extensions that could be interfering with it. Allowing the site isn't enough, you need to disable them. I recommend using a separate browser or profile for doing offers. It's also incredibly important to clear your cache between offers. Vanilla cookie manager is a good extension for this. Even if you do clear the cache, some offers just don't like to credit. /Swagbucks is a great place to see what offers are currently crediting easily. Since many sites use the same offer walls, you can probably find the same offers on another site.
If you met the requirements for an offer and it didn't credit, the only way to get credited is to contact the support for the offer wall and show them proof that the requirements were met.
 

I'M HAVING A PROBLEM WITH A SITE

Is your cash out taking forever? or Is the site just not working right? - Look on a relevant subreddit, facebook or twitter. If there is a problem, people will be posting about it. If there's no mention of the problem, try asking on those subreddits, facebook or on twitter. If you don't know where to look, just go to google and type in the website name and what site you're looking for. For example "Swagbucks reddit" will bring you right to /Swagbucks. This works for facebook, twitter, whatever you need. If all else fails, contact support.
 
Is the site not loading? Try clearing your cookies. If that doesn't work, try another browser or another device. If it still isn't working, follow the advice above about "Is the site just not working right?". If you can't find anything about it, try waiting an hour or two, or even wait until the next day. There could be some issue on the website. If all else fails, contact support.
 
Can't login? Follow the instructions above about the site not loading. There's also a chance you've been banned. Some companies won't alert you to bans and will just suddenly remove your ability to login. Follow the advice below for "Have you been banned for no reason?"
 
Have you been banned for no reason? Contact support. There is absolutely nothing we can do for you here. A few site owners browse this place, but the bulk of us are just general users. Just be polite and friendly. If you didn't do anything wrong, you'll likely get your account unbanned. Sometimes a site's fraud detection is triggered on accident.
If you were banned by Quickthoughts, you likely will not be unbanned, but it still doesn't hurt to send them a message.
 
Did you cash out to the wrong PayPal account? First, add that email address to your PayPal account. You can have multiple emails attached. Next, contact support and ask for guidance. If they already sent the payment, it may get stuck in limbo. If they didn't already send it, they may be able to send it to the correct email. It's best to contact support as soon as you can, so that they can advise you on the proper steps for you to get paid.
 
Having another problem? You're best off just contacting support. Most of the people here are general users. If you need individualized help, contact support.
 

I CONTACTED SUPPORT AND GOT AN AUTOMATED REPLY. WHAT NOW?

If you get a reply and it doesn't answer your question, then send a polite reply. Make sure to restate what you said in the previous email. Don't just copy and paste; they may have misunderstood what you needed the first time. Keep it short and to the point.
Under no circumstances should you yell, swear, or be rude to the staff. Remember, you are asking for their help. Being rude will only get you longer wait times, more copy and pasted responses, and potentially banned. Support is more likely to help those who are polite, so say hello and thank you with each email.
 

HOW DO I TRACK MY EARNINGS?

Most people use a spreadsheet. Here are a few options: One | Two | Three
If you're interested in making your own spreadsheet, here are a few ideas: One | Two
 

WHAT EQUIPMENT SHOULD I USE?

Routers/access points Many people recommend /Ubiquiti I used a cheap TP-link which worked well for up to around 15 devices.
Phones/Tablets At the bare minimum, you want a dual core with Android 4.4.2. I highly recommend getting at least Android 5.0, as many apps will not work with lower spec devices. A few places to check out would be Walmart, Best Buy, Tracfone, Straight Talk, and Amazon. Sales are fairly random, so keep your eye out. You can also get devices on eBay and C7Recycle but do take note that these are often used/refurbished devices and they may not last as long. Sometimes it's cheaper in the long run to just buy new devices.
Laptops Look on ebay or craigslist. Buying used will usually get you a better price than buying new. You want at least a dual core with 4GB of RAM, but a quad core with 8GB of RAM will do you much better.
Powered USB Hubs Many people like these. Never cheap out on your USB hubs - get a quality brand hub or stick with the OEM chargers.
Various Extensions Check out this post. - Although, I disagree about the auto refresher and adblock. Both of those can get you banned by many beermoney sites. FRQc is also great. Just set it to "auto low" and all of the flash videos will load faster.
Check out /BeermoneyHomeNetwork for help with configurations. The posts are old, but the info is solid. It's just one of those things that doesn't change.
 

DO I HAVE TO FILE TAXES?

Short answer: Yes.
Long answer: It doesn't matter if you get PayPal, Cryptocurrency, Gift Cards, physical items, or whatever else. It is all considered income because you are earning it in exchange for a service. In the USA, once you earn $400 in self employment you are required to file taxes. If you earn $600 or more with any individual site in a year, you should receive a 1099 from them. Even if you don't make $600, or don't get the form, you're still supposed to report any amount you earn. There are a few circumstances in which someone doesn't need to file taxes, and if you think you would be in one of those circumstance, you should speak to a certified tax consultant.
Here's more information.
 

WHEN SHOULD I CASH OUT?

Always cash out as soon as possible, unless there is some sort of discount for saving up your points. You never know when you might get banned or a website might go away. Building up your points is just increasing how much you have to lose. The points are not yours until the money is in your possession.
 

HOW DO I TELL IF SOMETHING IS LEGIT OR A SCAM?

If a post is at least 48 hours old or made by a user with flair beside their name, it is likely legit. Known scams get removed pretty quickly. GPT sites are more likely to be a scam than any other type of site posted here. If you are worried about being scammed, I highly recommend sticking to the more well known sites in this FAQ and the Common Beermoney Sites List. You can also ask the poster for proof that they were paid by a site. If they can't prove they've been paid, they are only looking for referrals. I don't recommend signing up on sites when the user can't provide payment proof.
 

Here's a few things to look out for:

  1. If they send you a check and ask you to return part of the money, it is a scam. The check will bounce, and you will be out the money. If an employer needs you to buy something, they will either buy it with a company card, or ask you to send a receipt for a refund. If they've already sent the check, you can give it to your local police department if you want. Just block all communication from them.
  2. They pay a ridiculous amount of money or claim to pay "the most". Very few surveys pay more than $10/hour. You won't get more than about a penny to click links. Videos rarely pay more than a couple pennies. This is about the maximum, and it's very common to make half this rate or lower. If the site is claiming to pay so much more than anywhere else, it's a scam.
  3. You get an offer or interview from a site or job you didn't apply for. Be especially cautious if they want to do the interview over google hangouts.
  4. You are being asked to work for free as a "sample", or you are asked to install a program and wait to be accepted at a later date.
  5. They have a high minimum cash out amount (above $25). Many sites have $1-10 minimums.
  6. You are required to refer people to get paid.
  7. You have to spend money to use the program. Even if it is an "optional" fee, be careful. This includes "training fees".
  8. They don't disclose what type of work you're going to do. Sometimes job listings need to be vague for non-disclosure reasons, but you should always be able to get a general description of the work you will perform.
  9. The website or post is full of grammar errors. An error here or there is bound to happen, but any legit site is going to put in effort to look good.
  10. It's never been mentioned on this subreddit and/or you can't find reviews on google. Unless it's a completely new service, you should be able to find something about it somewhere.
  11. Most importantly - does it feel too good to be true? Does it feel sketchy? Is there something that is just off, but you can't put your finger on it? Trust your instinct, and come here to find out if anyone else has heard of the site. Do a search first, and if you can't find anything, then make a post about it.
There are exceptions to most of these, but these are some things to be on the lookout for. Here are a few more safety tips.
Also, never trust what a blog says. They are trying to get your referral link, so they will pretend the site is better than it is. If you see the site on /beermoney, look in the comments. If the poster is making outrageous claims, usually someone will leave a comment about it.
 

I WANT TO DO A GIVEAWAY FOR EVERYONE HERE. AM I ALLOWED TO DO THAT?

Giveaways without any stipulations or endorsements are permitted. If you intend to promote a site/link/etc or require users to sign up somewhere or complete a task, you must get moderator approval prior to posting. Failing to do so may result in a ban. Due to an incident users are no longer allowed to simply host their own giveaways. When in doubt, message the mods.
 

I WANT TO PAY PEOPLE TO DO A TASK FOR ME. CAN I MAKE A POST ON HERE?

Depends. What type of task are you offering?
When in doubt, message the moderators and ask if it's allowed.
 

HOW DO I GET REFERRALS?

  • Invite your friends and teach them how to use the sites.
  • Advertise on social media.
  • Find a new website that has paid you and hasn't been discussed here (search first!) then advertise it here (with lots of info and payment proof!)
  • Consistently submit top/quality content to this subreddit for the opportunity to have your referral put on the Common Beermoney Sites List.
  • Pay for referrals (make sure the site allows it first!).
  • Join a referral chain.
 

DO I NEED TO USE MY REAL INFO? (name/address/birth date)

Absolutely. You need to have correct info on the sites that pay you. Lying about anything can cause a whole lot of trouble, including getting your account banned.
 

BUT WON'T I GET SPAM MAIL?

From The Website Paying You? It's highly unlikely that the sites that pay you will waste their money sending you spam mail. You may get something for verification, but that's about it.
From The Surveys? It's very rare unless they are sending a payment, a product for testing, or they are requesting a follow-up. Most surveys won't even ask for this info, and on the rare occasion they do, it's typically to avoid repeat submissions.
From The Offers? Sometimes. Most of them won't send you anything even if they say they will. Charities, credit cards, banks, and other similar services will spam you non-stop though.
In Your E-mail? Absolutely. Make sure to use a separate e-mail for beermoney work, especially if you're going to be doing offers.
 

THIS SITE NEEDS A PHONE NUMBER FOR VERIFICATION. CAN YOU HELP ME?

Free OptionsGoogle Voice | List of free services | Ask a family member or friend
Paid services/phoneverification | List of paid services
 

CAN I USE A VPN, VPS, OR OTHER SOFTWARE TO PRETEND I'M FROM ANOTHER COUNTRY?

No. You can get banned for doing this. Usually they ban you right after you redeem your first reward. The location is restricted for a reason.
 

CAN I USE AN EMULATOR OR A VIRTUAL MACHINE?

No. Third party software is not allowed, and you can be banned for it.
 

IS BEERMONEY DEAD/DYING?

No. Don't listen to the trolls. Beermoney changes over time. Some methods are less lucrative now than in the past. Some are more lucrative. Some have less sites offering the service, and some have more. Passive methods are on the decline, but beermoney is more than just passive methods.
 

WHY ARE MY COMMENTS/POSTS BEING DOWNVOTED?

Every post will get a few downvotes. You can't please everyone. If you get down to -5 or lower, you might want to take a look at what you're typing. Beermoney users in general are more likely to upvote than to downvote, so either you're breaking a rule, spreading false info, or you're just being rude.
 
If you saw something in this FAQ that you think is wrong, is confusing, or you think needs more information, please let me know and I will look over it.
 

Have another question? Check the FAQ part 2 or try searching first!

You can use the reddit search bar, https://www.redditsearch.io/, or even a google search with "beermoney" in it to find lots of useful information.

Here's more info on how to use the searches.

submitted by Mikazah to beermoney [link] [comments]

Decred Journal – September 2018

Note: you can read this on GitHub (link), Medium (link) or old Reddit (link).

Development

Final version 1.3.0 of the core software was released bringing all the enhancements reported last month to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub. As always, don't forget to verify signatures.
dcrd: completed several steps towards multipeer downloads, improved introduction to the software in the main README, continued porting cleanups and refactoring from upstream btcd.
Currently in review are initial release of smart fee estimator and a change to UTXO set semantics. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome.
Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup shows how to automate simnet management with tmux and 03 Miner Reward Invalidation explains block validity rules.
Finally, a pull request template with a list of checks was added to help guide the contributors to dcrd.
dcrwallet: bugfixes and RPC improvements to support desktop and mobile wallets.
Developers are welcome to comment on this idea to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue)
Decrediton: bugfixes, refactoring to make the sync process more robust, new loading animations, design polishing.
Politeia: multiple improvements to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement to not leak metadata of ticket holders was merged.
Android: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub". Ask in #dev room for the APK to join testing.
A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning.
Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store.
iOS: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.".
Nearest goal is to make the app crash free.
Both mobile apps received new design themes.
dcrdata: v3.0 was released for mainnet! Highlights: charts, "merged debits" view, agendas page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here. This release featured 9 contributors and development lead @chappjc noted: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.".
Up next is supporting dynamic page widths site wide and deploying new visual blocks home page.
Trezor: proof of concept implementation for Trezor Model T firmware is in the works (previous work was for Model One).
Ticket splitting: updated to use Go modules and added simnet support, several fixes.
docs: beginner's guide overhaul, multiple fixes and cleanups.
decred.org: added 3rd party wallets, removed inactive PoW pools and removed web wallet.
@Richard-Red is building a curated list of Decred-related GitHub repositories.
Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus!
Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate.
Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply.
Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.

ASICs

Obelisk posted two updates on their mailing list. 70% of Batch 1 units are shipped, an extensive user guide is available, Obelisk Scanner application was released that allows one to automatically update firmware. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open! Let us hope more manufacturers will follow this example.
A few details about Whatsminer surfaced this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer is a reseller, and the model name is Whatsminer D1.
Bitmain has finally entered Decred ASIC space with their Antminer DR3. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit and bitcointalk, unboxing video here.

Integrations

Meet our 17th voting service provider: decredvoting.com. It is operated by @david, has 2% fee and supports ticket splitting. Reddit thread is here.
For a historical note, the first VSP to support ticket splitting was decredbrasil.com:
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting)
KuCoin exchange listed DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount on DCR pairs for 2 weeks.
Three more wallets integrated Decred in September:
ChangeNow announced Decred addition to their Android app that allows accountless swaps between 150+ assets.
Coinbase launched informational asset pages for top 50 coins by market cap, including Decred. First the pages started showing in the Coinbase app for a small group of testers, and later the web price dashboard went live.

Adoption

The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese and in English.

Marketing

Advertising report for September is ready. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed.
Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)

Events

Attended:
Upcoming:
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)

Media

August issue of Decred Journal was translated to Russian. Many thanks to @DZ!
Rency cryptocurrency ratings published a report on Decred and incorporated a lot of feedback from the community on Reddit.
September issue of Chinese CCID ratings was published (snapshot), Decred is still at the bottom.
Videos:
Featured articles:
Articles:

Community Discussions

Community stats:
Comm systems news: Several work channels were migrated to Matrix, #writers_room is finally bridged.
Highlights:
Twitter: why decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure.
Reddit: yet another strong pitch by @solar; question about buyer protections; dcrtime internals; a proposal to sponsor hoodies in the University of Cape Town; Lightning Network support for altcoins.
Chats: skills to operate a stakepool; voting details: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps using Schnorr adaptor signatures; dev dashboard, choosing work, people do best when working on what interests them most; opportunities for governments and enterprise for anchoring legal data to blockchain; terminology: DAO vs DAE; human-friendly payments, sharing xpub vs payment protocols; funding btcsuite development; Politeia vote types: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading and programming languages (yes, on #trading!); alternative implementation, C/C++/Go/Rust; HFTs, algo trading, fake volume and slippage; offline wallets, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how stakeholders could veto blocks; how many votes are needed to approve a proposal; why Decrediton uses Electron; CVE-2018-17144 and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress after voting and funding; why the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety; reasonable spendings from project fund; ways to measure sync progress better than block height; using Politeia without email address; concurrency in Go, locks vs channels.
#support is not often mentioned, but it must be noted that every day on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)

Markets

In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap charts, the trading volume is a bit lower than in July and August.
As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx)
Interesting observation by @ImacallyouJawdy: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.

Relevant External

ASIC for Lyra2REv2 was spotted on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks to change the algorithm in 2014 and 2015.
A report titled The Positive Externalities of Bitcoin Mining discusses the benefits of PoW mining that are often overlooked by the critics of its energy use.
A Brief Study of Cryptonetwork Forks by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains.
New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk, decred)
On Sep 18 Poloniex announced delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange.
Circle introduced USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.".
Coinbase announced new asset listing process and is accepting submissions on their listing portal. (decred)
The New York State Office of the Attorney General posted a study of 13 exchanges that contains many insights.
A critical vulnerability was discovered and fixed in Bitcoin Core. Few days later a full disclosure was posted revealing the severity of the bug. In a bitcointalk thread btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.

About This Issue

This is the 6th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack.
Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages.
Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
submitted by jet_user to decred [link] [comments]

How to get $100 million in VC funding to build an industry that makes $300 million profit without spending a dime

Yesterday I received an unexpected gift: a link to a copy of the slides of the presentation that 21inc gave to investors, apparently between October and December 2014, when they were still calling themselves "21E6".
(The sender asked to remain anonymous, and I am not sure about the copyright status of the file; so I would rather not repost it here yet. But it seems that several other people, including some of the 21inc competitors, have got a copy too; so anyone who is really interested can probably get it too.)
The slides don't have much new factual information, and basically confirm what we already guessed about the 21inc business plans. But they show that we severely underestimated their chutzpah and hype. Here are some random highlights (as far as I can decipher from the slides):
They had three relevant mining rig designs in the plans, that would require funding:
Codename Qty TH/s kW Cost Deploy Turnoff Profit($) --------------- ---- ---- --- ---- ------------ ----------- ----------- CyrusOne(v2), 7904 2.0 1.3 --- (already on) Apr 2015 ~23,000,000 IO(v1v3) 3250 5.2 1.3 2000 Jan 2015 Aug 2016 ~24,000,000 Brownfield(v3) 1900 5.5 1.3 2450 Mar 2015 > Nov 2017 ~20,000,000 
The "TH/s", "Cost", and "kW" columns are per "system", i.e. a mining unit containing many chips. The last column is the expected profit to be made from each set of mining hardware over its expected lifetime. (The slides have some other details that do not seem to be important.)
The first line is the hardware that they were mining with at the time of the presentation; that must be why the "Cost" (as far as investors are concerned) is given as zero.
The second line seems to be an upgrade of their previous mining hardware from v1 chips (which gave 2.7 PH/s total at the time) to v3 chips (which would give 17 PH/s) .
In reality, we have seen that their share of hashpower dwindled through all of 2015, and (AFAIK) they haven't mined a single block in the last six months. Were they still mining with CyrusOne on extra-life, or were they using the upgraded IO which was turned off prematurely? What happened to Brownfield?
However, their mining operations were secondary; the meat of their plan was the embedded chip, called BitSplit at the time.
The BitSPlit chip (as we suspected) was hard-wired to send 75% of the block reward to the 21inc wallet, whose address was burned in the silicon, and 25% to the user's wallet.
By my calculations, assuming 50 GH/s and no increase in the difficulty, the BitSplit would mine one block in 570 years, on average, and collect less than 2 BTC of reward in that time. So, of course, the chip was hard-wired to mine into a pool run by 21inc, that would spread the user's 25% of those 2 BTC (expected) into a daily regular trickle of a couple thousand satoshis. Their own mining operations would provide the BTC needed for the pool payouts of all the millions of chips that they expected to be running out there.
They projected to release 3 versions:
Model Qty GH/s W Cost Deploy Profit($) --------------- ---------- ---- -- ---- ------------ ------------ USB hub-charger 250,000 38 15 $35 Mar 2015 ~8,000,000 Embedded chip 1,000,000 63 15 $8 Aug 2015 ~103,000,000 BitSplit Inside 10,000,000 20 5 $0 Oct 2015 ~292,000,000 
The "Qty" is the expected number of units sold. The last column, IIUC, is the profit that 21inc expected to make from the 75% cut of the BTC produced by all the chips, over their expected lifetime.
In the above "USB hub-charger" model was a USB charging unit, roughly 3 x 2 x 1 inches, with 2 USB outputs and a mining chip inside, produced by 21inc themselves "to seed the market".
The second line, which I called "Embedded chip", seems to refer to discrete BitSplit chips provided by 21inc and included in consumer devices (like routers etc.) by OEM manufacturers.
The "BitSplit Inside" model would be the BitSplit integrated into the chipsets of other manufacturers, and manufactured by them. Its cost is listed as "$0" (for 21inc) because they expected those manufacturers to shoulder the cost of manufacturing and integrating the mining chip.
Apparently the market-seeding "USB hub-charger" was later replaced by the "Bitcoin Computer" (aka the PiTato). In one slide it is called "multifunctional BitSplit device", and depicted as a sleek shiny black box, the size of a cigarette pack, with a power cable and 2-3 USB or similar outputs. If that is supposed to be the PiTato, presumably they had not yet realized that a 15 w computer would need a cooling fan with a miniature wind tunnel on top.
In the last two entries, the manufacturers (not the device owners!) would be rewarded with the 25% slice of the BTC mined by those embedded chips. As an example, the slides say that a manufacturer who produced one quarter of the embedded BitSplits would get the 25% cut on the BTC yield of those chips, that was estimated to be between 2 and 4 million dollars per year of revenue in 2015--2018. Those numbers are based on the following predicted mean BTC prices: $350 for 2015, $1000 for 2016, $2200 for 2017, and $5500 for 2018.
So, their main business plan was fantastic: the OEM and chipset makers would pay the costs of producing and integrating the chips, the consumers would pay the cost of operating them, and 21inc would get 75% of all BTC mined by them, expected to be worth 400 million dollars.
It makes sense to invest 100 million in that plan, right?
EDIT1: Sentence order, typos.
EDIT2: See also this comment below about other sources of this info and this comment about a fatal flaw of the PiTato mining chip.
EDIT3: See also this comment with the data from slide 2, "At a glance"
submitted by jstolfi to Buttcoin [link] [comments]

Crypto Wallet

Crypto Wallet Guide
Humans have come a long way from the barter trading (trading goods without using the money) to gold, then later to paper currency and now we have arrived in the age of digital currency.
There are more than 2000 cryptocurrencies in the world with a market capitalization of around $175 billion, it is necessary to know about them. Where these currencies are stored? How does the crypto wallet work? If You are still reading this, it says you are a beginner and want to explore the crypto world.
To understand the crypto concept, first, know about the crypto wallets.
What Is Cryptocurrency Wallet?
A cryptocurrency wallet is a software program used to store, send, receive private and public keys and can be used to track ownership. It enables you to send and receive digital coins through blockchain. Wallets are a necessary factor for investing and owning cryptocurrencies of any sort.
However, Some wallets are built for a single cryptocurrency( bitcoin and coins forked from bitcoin like bitcoin cash), some can be used for more than one coin(multi cryptocurrency wallet), some wallets you’ll manage yourself, and some will be custodial.
What Are Public & Private Keys?
A public key is a unique identifier for a person and a private key is like a password similar to an ATM pin. A sender will require the public key of the receiver to send him the cryptocurrency and the receiver will be able to access and use these cryptocurrencies by using the private key. A private key must be protected in order to avoid fraudulent activities such as hacking, stealing of cryptocurrencies, etc.
A public key can be extracted from a private key, but a private key can never be extracted from a public key.
A private key should always be kept safe. Exposing it would be vulnerable for various hacks and stealing of the coins by with whom you have shared. sending them to another wallet which they control.
Example of a private key: N2nGYRCBbs6ZRs8w5LHam4r85ikxBzhRNgpNJjqk7D5vrpuaVJB
Example of a public key: 958ikZuaAbGkzXuFL9sfGHYj9ethop8qMh
How Does a Cryptocurrency Wallet Work?
Cryptocurrency wallets work like the safety deposit boxes. Unlike traditional pocket wallets, where they don’t store digital currency. The crypto wallets store your private and public keys and interface with multiple blockchains. Thus, users can track their balance, send money and conduct other operations.
Moreover, currencies don’t get stored in any single place. Also, it is advised not to store the cryptocurrencies on the wallet offered by the particular exchange, because the exchange will own your private key. So better you transfer it to your own crypto wallet to have control over the cryptocurrencies owned by you.
A wallet address is the same as a bank account number. Providing your bank account number to other people, as they need it to transfer your funds. For example: This is like your friend transferring you money, so he needs your bank account number.
In the world of cryptocurrency, if anyone wants to transfer you crypto coins, you should provide him with your wallet address. Similar, like in the real world, however, no two wallets can have the same address, which means that there is no risk of your fund being to transfer to others address. Moreover, there is no limit to the 5number of wallet addresses you create.
Different Types of Crypto Wallets
There are multiple types of wallets that provide different ways to store and access your digital currency.
Hot Wallets vs Cold Wallets
you might come across frequently with the terms “hot wallets” and “cold wallets”. All crypto wallets fall under these two types.
In general, whatever is connected to the internet is less secure than something that is not. This is the difference, where “hot” wallets are connected to the internet and “cold” wallets” are not.
Online, desktop and mobile wallets are hot wallets, while hardware and paper wallets are cold wallets.
1). Software Wallet:
There are three forms of software wallets:
Desktop wallets: These are installed on a laptop or a PC, and can be accessed from a single computer. Although they provide high security, if the computer is attacked by the virus, there is a chance of losing your wallet.
Online wallets: These wallets run on the cloud and can be accessed from any device. Here, your keys are stored online.
Mobile wallets: These wallets that run on an application in a smartphone; they are simpler than the desktop wallets and can be used anywhere.
2). Full Node Wallet:
Here you can control your private keys and provide a full copy of the blockchain. Essentially every coin has an official wallet of this type and that can be found on the official GitHub of the site. “Official” means endorsed by the developers who created the coin.” Many cryptos are decentralized, so there is no real official anything.
3). Coin-Specific:
A wallet which works only with a specific coin.
4). Network-Specific:
A wallet which can hold multiple tokens on a single network.
5). Hardware Wallet:
These type of hardware are specifically built to hold cryptocurrency and keep it safe. This includes USB devices. Moreover, these devices can go online to make transactions and get data and then can be taken offline for transportation and security.
6). Paper Wallet:
This type of wallet lets you to both send and receive digital currency using a paper wallet. You can take a print of your QR code for both a private and public key. With this feature, you can completely avoid storing digital information about your currency by using a paper wallet.
7). Custodial Wallet:
In Custodial wallet, you can’t control your keys directly. Most exchange wallets are custodial wallets.
8). Multisignature Wallet:
It requires multiple parties to sign a transaction for any digital money to be spent. Multisignature wallets are designed to have more layer of security.
How To Choose a Wallet?
Here are some ideas on how to choose the best wallet for you.Hardware and paper wallets are the best to secure funds. Also, We always suggest official or officially endorsed wallet for any given coin.
Ledger Nano S: Multi-currency support, Built-in Display, Easy to operate, Security, Backup and restoration.
Ledger Blue: Malware proof, Multiple currencies, Secure elements.
Jaxx: Exclusive design, Easy to use, Personalized key, available on multiple OS.
Edge wallets: Security, Multi-Currency Support, Easy to use.
Exodus : Multi-currencies, Complete security, Great design, Multi-currencies.
Coinpayment: Bit-go integrated, Online store acceptable, vault, multi-coin wallet.
Most top performing wallets are (Binance, Coinbase, etc.) and they have exchanges too that offers for easy and quick trading between Bitcoin and other crypto or bitcoin and fiat currencies.
Online wallets are prone to security hack and therefore should be used as little as possible. It will be safe to divide your funds among the different types of wallets.
How to Register in a Wallet?
If you are a newbie to the crypto world, then read these points before proceeding:
Download the official wallet from the website.
Register for a custodial wallet service ‘Coinbase’ or non-custodial wallet service like ‘Blockchain’ Wallet (which handles both wallet and exchange with one account).
Purchase a hardware wallet like TREZOR for storage.
Use a universal software wallet or any other wallet that meet your needs like the ones mentioned above.
Coinbase and TREZOR are one of the good major choices, since, they have guides and can be kept safe with the best execution, and also, don’t need to download the full blockchain for a coin.
If you want to know more about particular wallets, Visit our crypto wallet section, you can enjoy reviews on many crypto wallets.
The post Crypto Wallet Guide appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.
submitted by ruwanthathisara to BitcoinGuide [link] [comments]

Mega FAQ (Or: Please come here for your questions first)

Qbundle Guide (Step by step setup & Bootstrap) https://burstwiki.org/wiki/QBundle
1( I want to mine or activate My account. Where do find the multiple coins?
You only need 1, an outgoing transaction or reward reassignment will set the public key. Get them from:
https://www.reddit.com/burstcoinmining/comments/7q8zve/initial_burstcoin_requests/
Or (Faucet list)
https://faucet.burstpay.net/ (if this is empty, come back later)
http://faucet.burst-coin.es
Or
https://forums.getburst.net/c/new-members-introductions/getting-started-initial-burstcoin-requests
2( I bought coins on Bittrex and want to move to my new wallet, but can't. Why?
Bittrex will only send to accounts with a public key (not a Burst requirement) so see number 1 and either set the name on the account (IF you will not mine) or set the reward recipient to the pool. Either action will enable the account and allow for transfers from Bittrex.
3( I sent coins from Poloniex/anywhere to Bittrex and they don’t show up after a considerable time. Why?
You need to set an unencrypted message on the transaction, informing Bittrex which account to send the funds to (this is in the directions on Bittrex). Did you do this? Contact Bittrex support with all the details and eventually you will get your funds.
4( How much can I make on Burst?
https://explore.burst.cryptoguru.org/tool/calculate
Gives you an average over time assuming a few things like: Average luck/100% uptime/no overlapping/fees on pool/good plot scan time (<20 seconds) if you do not have all of these, you may not see that number.
5( If I use SSD’s would I make more money?
No, it’s 95% capacity and 5% scan time that determine success. More plot area = better deadlines = better chance of forging a block, or better rates from a pool.
6( What is ‘solo’ and ‘pool’ (wasn’t his name Chewbacca?)
Solo is where you attempt to ‘forge’ (mine) a block by yourself; you get 100% of the block reward and fees. But you only receive funds if you forge, no burst for coming in second place.
Pools allow a group of miners to ‘pool’ together their resources and when a miner wins, they give the pool the winnings (this is done by the reward assignment you completed earlier), it is then divided according to different percentages and methods and burst is sent out according to pool rules (minimum pay-out, time, etc.)
7( I have been mining for 2 days and my wallet doesn’t show any Burst WHY?
Mining solo: it is win-or-lose, nothing in between, and wining is luck and plot size. Pool mining: because it costs 1 burst to send burst, the pools have either a time requirement (every X days) or a minimum amount (100 burst +) so you need to research your pool. Some pools allow for you to set the limit (cryptoGuru and similar) to be met before sending
8( How do I see what I have pending?
On CryptoGuru, based pools, it’s the ‘Pending (burst)’ column, other pools, look for the numbers next to your burst ID. One is Paid and the other pending.
9( I’m part of a pool and I forged a block, but I didn’t recieve the total value of the block, why?
A pool has 2 basic numbers that denote the pay-out method, in the format ‘XX-XX’ (i.e. 50-50) The first number is the % paid to the block forger (miner) and the second is the retained value, which is paid to historic ‘shares’ (or, past blocks that the pool didn’t win, but had a miner that was ‘close’ to winning with a good submitted deadline)
Examples of pools:
0-100 (good for <40TB)
20-80 (30-80TB)
50-50 (60-200TB)
80-20 (150-250)
100-0 (solo mine, 150+ TB)
Please note that there is an overlap as this is personal preference and just guidance; a higher historical share value means a smoother pay-out regime, which some people prefer. If fees are not factored in, or are the same on different pools, the pay-out value will be the same over a long enough period.
10( Is XXX model of hard drive good? Which one do you recommend?
CHEAP is best. If you have 2 new hard drives, both covered by warranty, get the one with the lowest cost per TB (expressed as $/TB , calculated by dividing the cost by the number of terabytes) because plot size is KING,
11( How many drives can I have on my machine?
For best performance, you can have up to 2 drives per thread (3 on a new fast AVX2 CPU). So that quad-core core-2-quad can have up to 8 drives, but a more modern i7 with 4 cores + hyper threading can squeeze 8 * 3 or 24 drives. (Performance while scanning will suffer)
12( Can I game while I mine?
Some people have done so, but you cannot have the ‘maximum’ number of drives and play games generally.
13( Can I mine Burst and GPU mine other coins?
Yes, if you CPU Mine Burst.
14( I’m GPU plotting Burst and GPU mining another coin, my plots are being corrupted, why?
My advice is dedicating a GPU to either mining or plotting, don’t try to do both.
15( What is a ‘plot’?
A plot is a file that contains Hashes, these hashes are used to mine burst. A plot is tied to an account, but they can be created (with the same account ID) on other machines and connected back to your miner(s).
16( Where can I trade/buy/sell Burst?
A list of exchanges is maintained on https://www.reddit.com/burstcoin/ (on the right, ‘Exchanges’ tab) the biggest at the moment are Bittrex and Poloniex, some offer direct Fiat-to-Burst purchase (https://indacoin.com for example)
17( Do I have to store my Burst off the exchange?
No, but it’s safer from hackers who target exchanges, if you cannot guarantee the safety or security of your home computer from Trojans etc, then it might be best to leave on an exchange (but enable 2FA security on your account PLEASE!)
18( What security measures can I take to keep my coin safe?
When you create an account, sign out and back in to your wallet (to make sure you have copied the pass phrase correctly) and keep multiple copies of the key (at least one physically printed or written down and in a safe place, better in 2 places) do not disclose the passphrase to anyone. Finally use either a local wallet or a trusted web wallet (please research before using any web wallet)
19( How can I help Burst?
Run a wallet, which will act as a node (or if you’re a programmer, contact the Dev team Bring attention to burst (without ‘shilling’ or trying to get people to buy) And help translate into your local language
Be a productive member of the community and contribute experience and knowledge if you can, or help others get into Burst.
20( Will I get coins on the fork(s) and where will they be?
There will be no new coin, and no new coins to be given/air dropped etc, the forks are upgrades to burst and there will not be a ‘classic’ or ‘new’ burst.
21( Will I need to move my Burst off of the exchange for the fork?
No, your transactions are on the block chain, which will be used on the fork, they will be visible after the move; nothing will need to be done on your side.
22( Where can I read about the progress of Burst and news in general on the community?
There is no finer place than https://www.burstcoin.ist/
23( What are the communities for Burst and the central website?
Main website: https://www.burst-coin.org/
Reddit: https://www.reddit.com/burstcoin and https://www.reddit.com/burstcoinmining/
Burstforum.net: https://www.burstforum.net/
Getburst forum: https://forums.getburst.net/
Official Facebook channel: https://m.facebook.com/groups/398967360565392
(these are the forums that are known to be supporting the current Dev Team)
Other ways to talk to the community:
Discord: https://discordapp.com/invite/RPhpjVv
Telegram (General): https://t.me/burstcoin
Telegram (Mining): https://t.me/BurstCoinMining
24( When will Burst partner up with a company?
Burst is a currency, the USD does not ‘partner up’ with a company, the DEV team will not partner up and give over to special interests.
25( Why is the DEV team anonymous?
They prefer anonymity, as it allows them to work without constant scrutiny and questions unless they wish to engage, plus the aim is for Burst to become a major contender, and this brings issues with security. They will work and produce results, they owe you nothing and if you cannot see the vision they provide then please do not ‘invest’ for short term gain.
26( When moon/Lambo/$100/make me rich?
My crystal ball is still broken, come back to the FAQ later for answer (seriously, this is a coin to hold, if you want to day-trade, good luck to you)
27( How can I better educate myself and learn about Dymaxion?
Read about the Dymaxion here: https://www.reddit.com/burstcoin/wiki/dymaxion
28( My reads are slow, why?
There are many reasons for this, if your computer has a decent spec it’s likely due to USB3 hub issues, or plugging into a USB2 hub, but other reasons can be multiple plots in the same folder, but it’s best to visit the mining subreddit. They can help more than an simple FAQ https://www.reddit.com/burstcoinmining/
29( I have a great idea for Burst (not proof of stake related)?
Awesome! Please discuss with the DEV team on discord https://discordapp.com/invite/RPhpjVv
(Please be aware that this is a public forum, you need to find who to ask/tell)
30( I have a great idea for Burst (Proof of stake related)?
No. if you want a POS, find a POS coin. On the tangle which is being implemented a POS/POW/POC coin can be created, but BURST will always be POC mined. You are welcome to implement a proof of stake coin on this!
31( Will the Dev team burn any coins?
Burst is not an ICO, so any coins will need to be bought to be burnt. You are welcome to donate, but the DEV team have no intention of burning any coins, or increasing the coin cap.
32( When will there be an IOS wallet?
IOS wallet is completed; we are waiting for it to go on the app store. Apple is the delaying factor.
33( Why do overlapping plots matter?
Plots are like collections of lottery tickets (and if only one ticket could win). Having 2 copies is not useful, and it means that you have less coverage of ‘all’ the possible numbers. It’s not good, avoid.
34( My local wallet used to run, I synchronised it before and now it says ‘stopped’. when I start it, it stops after a few seconds, what should I do?
I suggest that you change the database type to portable MariaDB (on Qbundle, at the top, ‘Database’ select, ‘change database’) and then re-import the database from scratch (see 35)
35( Synchronising the block chain is slow and I have the patience of a goldfish. What can I do?
On Qbundle , ‘Database’ select ‘Bootstrap chain’ and make sure the CryptoGuru repository is selected, then ‘start Import’ this will download and quickly stuff the local database (I suggest Portable MariaDB, see 34) (lol, loop)
36( What will the block reward be next month/will the block rewards run out in 6 months?
https://www.ecomine.earth/burstblockreward/ Rewards will carry on into 2026, but transaction fees will be a bigger % by then, and so profitable mining will continue.
37( How can I get started with Burst (wallet/mining/everything) and I need it in a video
https://www.youtube.com/watch?v=LJLhw37Lh_8 Watch and be enlightened.
38( Can I mine on multiple machines with the same account?
Yes, if you want to pool mine this can be done (but be prepared for small issues like reported size being incorrect. Just be sure to keep question 33 in mind.)
39( Why do some of my drives take forever to plot?
Most likely they are SMR drives, it’s best to plot onto another SSD and then move the finished plot/part of a plot across to the SMR drive as this is much quicker. SMR drives are fine on the read, just random writes that are terrible.
So plot an SMR drive quickly, plot to a non SMR or better still SSD drive, in as big a chunk as possible (fewer files better) and move. a version of Xplotter, called Splotter, can do this easily.
https://github.com/NoParamedic/SPlotter
40( I have a great idea; why not get listed on more exchanges!!
Exchanges list coins because of 2 reasons:
  1. Clients email and REQUESTING Burst and provide details like:
    i. https://www.burst-coin.org/information-for-exchanges
  2. The coin pays (often A LOT, seriously we’ve been asked for 50 BTC)
I suggest you speak with your exchange and ask ‘when will they offer Burst?’
41( Do you have a roadmap?
https://www.burst-coin.org/roadmap
42( Why is the price of Burst going up/down/sideways/looping through time?
The price of burst is still quite dependent upon Bitcoin, meaning that if Bitcoin gains, the value of Burst gains, if Bitcoin drops then Burst also drops. If there is news for Burst then we will see something independent of Bitcoin moving. Variations can be because of people buying in bulk or selling in bulk. There are also ‘pump and dump’ schemes that we detest, that can cause spikes in price that have nothing to do with news or Bitcoin, just sad people taking advantage of others.
43( Where is the best place to go with my mining questions?
https://www.reddit.com/burstcoinmining/
or https://t.me/BurstCoinMining
44( What hardware do you advise me to buy, is this computer good?
See question 43 for specific questions on hardware, it depends on so many variables. The ‘best’ in my opinion is a 36 bay Supermicro storage server, usually they have dual 6-core CPU’s and space for 36 drives. No USB cables, plotting and mining monster, anything else, DYOR.
45( Where do you buy your hard drives?
I have bought most from EBay in job lots, and some refurbished drives with short warranties. Everything else I have bought, from Amazon.
46( Can I mine on my Google drive/cloud based storage?
In short: no. If you want to try, and get to maybe 1 TB and then find that your local connection isn’t fast enough, or that shortly after, your account is blocked for various reasons. Please be my guest.
47( Can I mine on my NAS?
Some you can mine with the NAS (if it can run the miner, it can scan locally) but generally they’re not very fast. good for maybe 16 TB? Having a plot on a NAS and mining from another computer depends on the network speed between the NAS and scanning computer. I believe you can scan about 8 TB (maybe a bit more) and keep the scan times to within acceptable, but YMMV.
48( How can I set up a node?
No need to set up a node, just set up a wallet (version 2.0.4) or Qbundle (2.2) and it will do the rest
49( Are the passphrases secured?
I’ll leave the effort to a few people to show how secure a 12-word passphrase is: https://burstforum.net/topic/4766/the-canary-burst-early-warning-system Key point: brute forcing it will be around 13,537,856,339,904,134,474,012,675,034 years.
50( I logged into my account (maybe with a different burst ID) and see no balance!!
I have dealt with this very issue multiple times, and there are only 3 options:
  1. You have typed in the password incorrectly
  2. You have copy-pasted the password incorrectly
  3. You are trying to log into a ‘local wallet’ which the block chain has not finished updating
The last one generally leaves the burst ID the same, but old balances will show. No, this is not a security problem, and yes, windows loves to add spaces after the phrase you enter when copied, and that space is important in getting to your account.
51( Are there channels for my language?
Telegram:
Spanish: https://t.me/burstcoin_es
German: https://t.me/Burstcoinde
Italian: https://t.me/BurstCoinItalia
Forum:
Spanish: https://burst-coin.es/index.php/forum/index
Discord:
Spanish: https://discordapp.com/invite/RaaGna9
Bulgarian: https://discord.gg/r4uzTd
(there are others, please contact me to put up)
52( I am mining in a pool, and it says that my effective capacity is lower than I actually have, why?
  1. If you've not been mining for >48 hours, or just added additional capacity, it will take time.
  2. The value fluctuates (normally, +-5% but can be up to 10% at times)
  3. Read on the ‘Quick info’ tab about adjusting your deadline to compensate for changes i. revisit once a month for best results
  4. If you have overlapping plots it will also be lower so be aware of this (see question 33)
53( What pool should I join?
First of all, read question 9, after you have understood that it depends on the size (and how patient you are) select from the following list: https://www.ecomine.earth/burstpools/
54( What miner to use?
I use Blago’s miner, there are many out there but Blago’s works for me on CPU mining, it can be found in Qbundle.
55( What Wallet to use (I use windows)?
Qbundle: https://github.com/PoC-Consortium/Qbundle/releases/ guide: https://burstwiki.org/wiki/QBundle
56( What Wallet to use (Linux)?
https://package.cryptoguru.org/ for Debian and Ubuntu, for Mac. read:
https://www.ecomine.earth/macoswalletinstallguide/
57( Will i need to 'replot' after POC2 (second fork) happens?
No, there will be a tool which will optimise, but it is not CPU intensive (it basically re-shuffles your plot) and is just IO intensive. You do not need to replot.
TurboPlotter and https://github.com/PoC-Consortium/Utilities/tree/mastepoc1to2.pl are tools that will/can be used to actuate optimization, but PLEASE wait with optimization until after the hard fork.
58( Will the transaction fee always be 1 burst?
No, dynamic fees are coming in the next fork.
submitted by dan_dares to burstcoin [link] [comments]

Wallets - Dec. 16

So I use coinbase and binance, but I am really lost when it comes to the concepts of wallets. For my XRP I have been using GateHub, but for my bitcoin, ethereum, monero, and IOTA I have no idea what to do. I figured I would ask you guys, since when I look for any info about about wallets I always figure I am reading slightly dated information. To me it just seems like every time I look there's a new popular wallet everyday. I think I want to look into the ledger USB thing, but at the same time I also want to learn more accurately what a paper or mobile wallet is since they seem so cost effective. Any info would be greatly appreciated, from what I have already gathered hardware wallets seem to be the best bet, but I don't even know how those exactly work. It would be incredibly ideal if there was a good mobile wallet to hold bitcoin, ethereum, ripple, IOTA, and Monero, but what do I know.
submitted by Conye_West to BitcoinBeginners [link] [comments]

Cómo guardar Bitcoin en una memoria USB - Tutorial - YouTube DIY $10 USB hardware wallet Atomic Wallet - YouTube Pendrive como Carteira Bitcoin - (bitcoins USB stick wallet) [HOW TO]- Store Bitcoin On USB Stick - Guide - YouTube How To Create A FREE USB Cryptocurrency Wallet In 5 Easy ...

While understanding each device and its perks and drawbacks, I suggest that the recommendable device or the best USB bitcoin miner to be used would be the Gekkoscience Compac USB stick bitcoin miner as these devices are fast for USB stick miners. As in, 20 GH/s (with tuning) fast. You can get plenty of support in their forums and they even have a few example setups to work with. Reasonable ... openssl enc -d -aes-256-cbc -md md5 -a -in bitcoin-wallet-backup-testnet-2014-11-01 > bitcoin-wallet-decrypted-backup It will ask you for a decryption password, which is your backup password. If it prints "bad password" you've got the wrong password, but if it doesn't print anything your password might still be wrong. We can only be sure by ... Bitcoin Mining Pc - Unser Testsieger . Auf dieser Seite findest du eine Selektion an getesteten Bitcoin Mining Pc und jene markanten Informationen die man benötigt. Bei der Endnote zählt eine Menge an Faktoren, zum aussagekräftigen Ergebniss. Zum Schluss konnte sich im Bitcoin Mining Pc Vergleich nur unser Vergleichssieger hervortun. Der Sieger ließ anderen Produkte hinter sich zurück ... Ein leistungsfähiger, aktiver USB-Hub wird für den Betrieb empfohlen. Bitcoin Miners Antminer S9 L3 D3 Stromversorgung APW3++ PSU im Lager Schnell Versand 1200W @ 110V 1600W @ 220V APW3++ Netzteil; Bitcoin miner Guide - How to start mining bitcoins # How Bitcoin Mining Works - Bitcoin mining is achieved by calculating for the bitcoin network an operation used to verify Bitcoin transactions ... Web-based or Online wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks so make sure you use a trusted platfom like the Currency Hub Secure Web Wallet.

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Cómo guardar Bitcoin en una memoria USB - Tutorial - YouTube

SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL GekkoScience NewPac USB Miner - https://bit.ly/2RIQgdX GekkoScience 8 Port USB Hub - https://bit.ly/2x... New video every Tuesday! Today we are taking a look at the Gekkoscience NewPac USB miner. We'll check all the hardware you need for setting it up, discuss so... Esse vídeo exibe um tutorial de como transformar o seu pendrive em uma carteira bitcoin física para armazenar seus arquivos correspondente as chaves privadas... En este vídeo explico paso a paso como hacer para crear una wallet de electrum en una memoria USB, con el objetivo de guardar bitcoins. Link de descarga de... Protect your crypto assets with the most popular hardware wallet in the market the Ledger Nano - S https://bit.ly/2xg4H06 Sign up for a Coinspot account http...

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