Bitcore (BTX) Mining Profit Calculator - WhatToMine

Verge Currency Beginner's Guide

Verge Currency Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx (Transaction) Speed 5-10 Seconds
Tps (Transactions per sec.) 100 (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Stealth Addresses It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
RING CT Under development
See our blackpaper V5.0 for detailed information.
Development Updates
Marketing Updates

Wallets
Mining

Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇨🇦 Canada
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:

Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
Last Edit: Latest development update links are added to the Tech section.
submitted by Desolatorbtc to vergecurrency [link] [comments]

Why the price of DOGE is falling and will continue to. SUCH MAFFS. SO LOGIC. WOW.

TLDR; Dogecoin is one of the most profitable coins to mine, so people are mining and dumping for profit. Will probably still drop by ~10-25%. Woof. http://i.imgur.com/NRVOtRI.jpg
A lot of people are posting about the price of Dogecoin and are concerned with its price. There is speculation that is misleading and not backed up by much theory. It’s not just as simple as supply and demand, panic selling or the line of best fit on a graph. Let’s look at the maths and see why the coin is dropping so rapidly and why now.
MAFFS
The difficulty of mining a block of DOGE currently ranged from 300-400 [1], the higher this goes the less coin you will mine. To make things simple let’s run an example: Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day [2]! The value of Dogecoin is tightly tied to Bitcoin, we first convert it to BTC and sell that. The price for a single DOGE is roughly 0.00000040 BTC [3] and a BTC is worth around $850 [4]. In our 24 hours of work we earn $10.20 (0.00000040 * 30000 * 850). Wow. Such pawfit.
Now compare this to the ‘standard’ of scrypt mining, Litecoin. For the same time and strength of your digging you would yield around $8.50. If you were only interested in profit you would mine DOGE and sell it because it made you the most profit for your hashrate. A lot of people are doing this, including multicoin pools, they mine the most profitable coin and convert it to BTC. It’s simply efficient. This means that there is a huge dump of coin on the market and the price will fall.
SPECULATION
When will the coin stop dropping in price? When it is no longer the most profitable coin, so probably around 0.00000030 to 0.00000035 BTC. At this price the profitability is too low to reward these types of miners. Alternatively, if the difficulty was to increase then the amount of coins earned (EDIT: coins per person, overall supply per time is constant! More miners = lower split per miner) would be reduced and the profit margins would also decrease, I’d estimate the difficulty would need to be around 450 to 500 to balance out. The difficulty increases if more people mine the coin, and at this point that will be depending on popularity.
Sure a few people are panic selling but comparatively this is a drop in the ocean and even so it will just help the coin reach its stable price a little faster. Anybody who wants to see the coin succeed is already doing what they need to, they are not concerned with the price, remember to have fun!
Another point to note is that over the last few days the price of BTC has risen, and so even if the price of DOGE was stable the exchange ratio for DOGE->BTC would still show a fall – this is slightly misleading and the fall in price is not as hard as it seems!
So what can you do? Wait. The price will level out and over time the difficulty should increase with popularity and in around 1-2 months the reward will halve, I'd expect a big peak in price around that time. The coin is young and popular; it needs to learn the Earth before it can go to the Moon.
Sources: [1]http://www.cryptocoincharts.info/v2/coins/show/doge [2] http://www.coinwarz.com/calculators/dogecoin-mining-calculator [3]https://www.cryptsy.com/markets/view/132 [4]http://bitcoinity.org/markets/mtgox/USD 
submitted by Piedo_Bear to dogecoin [link] [comments]

How Much Per kWh Can Bitcoin Mining Make?

Due to an oversized solar array, I have about 10 kW of unused energy per hour during daylight hours. How much can you make per kWh in Bitcoin assuming your electrical cost is zero?
If part of that answer is "it depends on your mining hardware" then could someone supply a table showing the current market cost for each kind of miner and the expected power draw in kW of each model? Which mining hardware would give the most mining power per dollar spent?
This mining profitability calculator seems to give the main variables. https://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=23000.00&p=1541.00&pc=0.0&pf=0.00&d=5106422924659.82000000&r=12.50000000&er=3895.50000000&hc=0.00 Do I just need to plug in my expected hash rate, energy consumption in watts, and electrical cost of zero?
This article seems to suggest that in Jan 2018 the break-even price was $3900 per bitcoin, which corresponded to an electrical cost of 3 cents per kWh. https://medium.com/@hodlmodel/breakeven-price-of-btc-mining-i-bitmains-49-hashrate-694a5699fa37 Obviously that was a different world than today, but I wonder if things would be migrating - when bitcoin pricing is falling sharply - towards that break-even electrical cost of 3 cents per kWh. If yes, mining bitcoin with the available free electricity seems like a poor investment.
submitted by smorgasmic to BitcoinMining [link] [comments]

The power behind Viacoin's merged mining

Let's talk about the power behind merged mining. (Auxiliary proof of work - AuxPOW)
Very simple: you mine for instance Litecoin and can mine at the same time Viacoin without losing hashrate.
But we are going to make an example.
Look at the Hashrate of Viacoin let say it is around 50 TH/s. https://chainz.cryptoid.info/via/
We take the Antminer L3+ as the miner for the whole Viacoin network.
The Antminer L3+ produces around 500 MH/s and it uses 800 watts.
This means that we need 100.000 Antminers to come at a network hashrate of 50 TH/s.The whole system of 100.000 Antminers are using 80.000.000 watts. (800 watt x 100.000)
These 80.000.000 watts x 24 Hours will result in 1920000 kWh.Let say the power costs are $0.15 per kWh is a total-cost of $12000 per HOUR !
To run the Viacoin network on your own with 50 TH/s will give you a electricity bill of $288,000.00 per DAY ! And than we even not talked about the equipment costs.
https://www.coinwarz.com/calculators/viacoin-mining-calculato?h=50000000000.00&p=80000000&pc=0.15&pf=0.00&d=329994.01552825&r=0.03906250&er=0.00008391&btcer=3714.30000000&hc=0.00
In the link i put in all the correct data and you can see it for your self, what it actually will costs to run the whole Viacoin network.
--------------------
At a price as Viacoin is today, you will lose 105 M dollar in 1 year to run the network.
If Viacoin was not AuxPOW the price for 1 Viacoin should be around 2400 dollars each, just to make the mining profitable.
And with this in mind you can see the enormous benefits behind Viacoin's merged mining.
It is not only secure but it also brings sustainability, and provides, that you are paying a fair price for your coin.
Not a single company has benefits to give Viacoin an artificial price, that's why you pay for Viacoin $0,30 and not $2400,-
And with a lot of cryptocurrencies there is a lot of money involved, and the actual buyers are paying the price.
When you buy Viacoin you know for sure that the price is originated by supply and demand, and personally with other cryptocurrencies i have so my doubts.
Other article that you might be interested in to read about merged mining:
  1. https://medium.com/altcoin-magazine/merged-mining-how-dual-mining-of-cryptocurrencies-works-98323ea57529

And than we can talk about the huge energy-costs of mining, and people will say yes but proof of stake and masternodes......
The problem with those algorithms is that it creates an elite-status to early investors, those people are untouchable until they decide to step out, and there even can be SIMILARITIES found with a ponzi-scheme, i am not saying it is a 1 on 1 ponzi.
Let say someone paid 5 dollar for a masternode and the 10th man paid $500 and the 10000th man paid $500000 dollars because this is what happens, the first people are untouchable and only generates money, the last is paying a big price and can wait 300 years to earn his investment back.Same is for proof of stake it only generates money for the team behind the coin or early investors.
It only can be considered fair and efficient when the pay-out for those algorithms is ZERO.
----------
Than you have people that say, yes but than cryptocurrency in general is a ponzi, well...
Do you consider gold as a ponzi?
I know for sure those people who bought gold, didnt get any extra gold by only holding it.And the same you can apply on POW.
1.WORK PAYS
2.DETERMINATION PAYS
But we were talking about the energy costs.
---------
Energy costs.
A lot of people are talking about the energy waste of proof of work systems, it is a point, but their is one big ''but''.
Can you name me one industry where there is no environmental footprint?
I personally realy dont know.
When you drive a car, metal must mined and gasoline must come out of the ground, when you in a plain and go on vacation etc.. etc..
Not going to deep in this stuff because it is endless.
But those same people are saying that proof of work is a waste of energy, while they fly around the world, and than they suddenly don't care about the environmental footprint they as a human leave behind and the flight industry they support?
I am in fact for a greener world, but for that, there a change is needed not only in the world industry but also in the world economy.
I see AuxPOW as a green step to an ''existing problem'' because it thrives only on the energy from other blockchains, and not use electricity on it's own.
And when the blockchain industry evolves, their will be new solutions, and when Bitcoin, Litecoin or any other can implement such new solutions, to this problem, than also Viacoin can implement it.

Thank you for reading.
submitted by skorzer to viacoin [link] [comments]

[Hopefully] Extensive Genesis Mining Math - Looking at network difficulty: -38.6% terminal ROI (yes that's a negative)

I recently got into an argument with someone spewing referral links and touting Genesis (and BitConnect, smh) so I decided to run the numbers the best I could for his situation.
tl;dr You will have a return of investment of -38.6% (yes, negative) before your contract is cancelled because of increased network difficulty.
Methodology
The Numbers
I started w/ 16.5 TH/s because that is how much the other person said he had. At today's rates, it costs $2,175 to buy 16.5TH/s. Maintenance rate is $0.00028/GHs, so maintenance fee is $4.62 fee per day or $0.1925/hr. I inputted this CoinWarz calculator w/ the $2,175 as the hardware costs, I used power and power costs of 192.5 Watts and $0.001/Wh, which equals the same $0.1925/hr maintenance fee
Initial (read: the one Genesis wants you to look at but is actually misleading) verdict: 228 days to break even. NOTE: this is really important because some people seem to forget this. An investment in Genesis cannot be withdrawn. It's money gone. So after 228 days you haven't doubled your money or even earned $2,175, you have $0. You spent $2,175 and then you got it back. $0 total.
Now, stepping it up, I introduce the effect of network difficulty. From my methodology, we assume that the difficulty doubles every six months. That means that you're making (after maintenance fee) the full $9.54/day on day one, but at month six it's $2.46. Wait a minute, that's not half!! I made this mistake too! Of the initial $9.54, you're earning $14.16 but paying a maintenance fee of $4.62 - so after network difficulty doubles you earn $7.08/day but still have to pay the same $4.62 maintenance fee (your Gemini contract includes nothing about them ever having to provide a better maintenance fee ever).
The network difficulty continues to increase and around the 9 month mark (to be precise, once network difficulty increases 3.065 times or day 280 of your contract) you're earning $4.62/day and your maintenance fee is $4.62 and imminently your contract is cancelled. You've hit the end of the road.
Based on the virtues of linearity, if you're earning $9.54/day on day 1 and $0/day on day $280. Thus you're earning an average $4.77/day over 280 days for a total of $1,335.60, which is a net loss of $839.40 or a return of -38.6% on your initial $2,175.
Conclusion
You will not make money with Genesis. You will lose money, a lot. The only way to make money is through referral links. That makes Genesis an MLM scheme.
EDIT: formatting.
submitted by barrycl to CryptoCurrency [link] [comments]

Monero FAQ

Hi, it’s some weeks that I’m getting into Monero and I really see a great future for it. My problem is that I have a very low budget so my mining capability is a joke (around 80 h/s). I cannot help this coin to grow by mining it, so I’m making this FAQ hoping that can be useful for new users. If you want to support me, the tip jar is at the end of this post. Thank you!
 
I noticed a lot of confusion around Monero. Many of the most asked question are basically the same , so I collected some of them from /monero, /moneromining and monero.stackexchange and I made this Monero Faq. Please feel free to suggest any new frequently asked question or correction/modification/ (also about the grammar, my english is not very good), i’d like to keep this post updated.
 
Last update: 1/03/2017
 
 

Where can I find a good mining pool?

 

Is Minergate good for mining?

Minergate is known for being linked to Bytecoin (read here and here ) and many users are noticing lower or differences in hashrates when using other miners (just make a research using the word “minergate” here on reddit). don’t be fooled by the nice graphical interface.
 

What miner should I use?

CPU: XMR-Stak (Windows-Linux) CpuMiner by tpruvot (Windows, Linux), CpuMiner By Wolf, xmr-stak (MacOS) and cpuminer(MacOS) By correcthorse
GPU: XMR-stak (AMD), Ccminer (nVidia) by KlausT, Claymore's CryptoNote GPU Miner (AMD)
If you are a Windows user read this
 

Does it worth to mine monero?

You can check by yourself using these tools:
XMBTC charts:
 

How can I calculate my CPU or GPU capability of mining?

Check this link for CPU & GPU Benchmark
 

Can I use a proxy for mining?

I personally use XMR Proxy. If you want to monitor your rigs you can use Monero Mining Monitor
 

How can I setup a local wallet without running a node?

How to get a wallet without running a node
 

Can I run monero through Tor?

Guide to use monero with Tor correctly
Monero safety through Tor
 

or i2p?

Why we chose i2p over Tor
 

What type of wallet exists?

 

How long take to sync to the blockchain?

It can take from few hours (using SSD drive) or even 24 hours, depending on hard drive and connection speed
 

How do I generate a QR-code for a Monero address?

How do I generate a QR code for a Monero address
Moneroqrcode.com for a personalized code
 

How can I buy some Monero coins?

Directly:
exchanges:
 

How do I use the Monero GUI?

Tutorial
 

How do I connect to a remote node using the GUI?

Connect GUI wallet to remote node on network
 

Where can I follow updates and/or make questions about Monero?

 

More useful links:

 
My address for donations: 48DYna5JiDrHz5xkcoSii4WzFNXLzCFjkPPugp7XNZ1N6v8NUhjaC6Sf1BEBEJ35JaJAYKK4XGc2ZEKGeEQ2ySDmFDZdAHy
submitted by ErCiccione to Monero [link] [comments]

Am i missing something or am i good to go?

Ok so for quite some time now i've been thinking about investing in a miner. I've heard everywhere that now it's too late unless you want to invest 10s of thousands of dollars. But i was still sceptical as to why and did quite some reasearch and put in the appropriate stats: https://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=4730.00&p=1293.00&pc=0.10&pf=1.00&d=1123863285132.97000000&r=12.50000000&er=5628.66150000&hc=635.00
It definitly suggest i'll make profit, and pretty damn fast too. I live in a pretty large house in sweden, so cooling shouldn't be a problem since rn it's about 0c degrees in the morning and it'll only get colder. Electricity costs are quite standard and noise is not at all. I'm thinking of buying an Antminer S7, although i suppose it would be difficult to find it + a powersupply for the price tag i put on it (635 dollars), but i did find this: http://www.ebay.com/itm/1600W-ATX-Mining-Power-Supply-SATA-6-GPU-Bitcoin-BTC-Rig-Ethereum-Miner-S7-/112496276815 http://www.ebay.com/itm/Bitmain-AntMiner-S7-4-7TH-s-Bitcoin-Miner-ASIC-WORK-GOOD-No-PSU-/222676802534?hash=item33d8925be6:g:HtoAAOSw62VZwcxg
So i just want to ask am i golden or have i missed a vital piece of information? I know mining will get harder over time but the bitcoins are also rising, and oh also what's the risk? I mean the bitcoin price has a risk of collapsing any moment.
submitted by fillewille0 to BitcoinMining [link] [comments]

New people please read this. [upvote for visibility please]

I am seeing too many new people come and and getting confused. Litecoin wiki isn't the greatest when it comes to summing up things so I will try to do things as best as I can. I will attempt to explain from what I have learned and answer some questions. Hopefully people smarter than me will also chime in. I will keep this post updated as much as I can.
Preface
Litecoin is a type to electronic currency. It is just like Bitcoin but it there are differences. Difference explained here.
If you are starting to mine now chances are that you have missed the Bitcoin mining train. If you really want your time and processing power to not go to waste you should mine LTC because the access to BTC from there is much easier.
Mining. What is it?
Let's get this straight. When making any financial commitment to this be prepared to do it with "throw away" money. Mining is all about the hashrate and is measured in KH/s (KiloHash/sec). Unlike the powerful ASICs (Application Specific Integrated Circuit) that are used to mine bitcoins using hashrates in the GH/s and even TH/s, litecoin mining has only been able to achieve at the very best MH/s. I think the highest I've seen is 130 MH/s so far. Which leads us to our next section.
Mining Hardware
While CPU mining is still a thing it is not as powerful as GPU mining. Your laptop might be able to get 1 a month. However, I encourage you to consult this list first. List of hardware comparison You will find the highest of processors can maybe pull 100 KH/s and if we put this into a litecoin mining calculator it doesn't give us much.
Another reason why you don't want to mine with your CPU is pretty simple. You are going to destroy it.
So this leaves us with GPUs. Over the past few months (and years) the HD 7950 has been the favourite because it drains less power and has a pretty good hashrate. But recently the introduction of the R9 290 (not the x) has changed the game a bit. People are getting 850 KH/s - 900 KH/s with that card. It's crazy.
Should I mine?
Honestly given the current difficulty you can make a solid rig for about $1100 with a hashrate of 1700 KH/s which would give you your investment back in about a month and a half. I am sure people out there can create something for much cheaper. Here is a good example of a setup as suggested by dystopiats
PCPartPicker part list / Price breakdown by merchant / Benchmarks
Type Item Price
CPU AMD Sempron 145 2.8GHz Single-Core Processor $36.01 @ Amazon
Motherboard ASRock 970 EXTREME4 ATX AM3+ Motherboard $99.48 @ OutletPC
Memory Crucial Ballistix Tactical Tracer 4GB (1 x 4GB) DDR3-1866 Memory $59.99 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Video Card Sapphire Radeon HD 7950 3GB Video Card (3-Way CrossFire) $245.38 @ Newegg
Power Supply SeaSonic Platinum 860W 80+ Platinum Certified Fully-Modular ATX Power Supply $146.98 @ SuperBiiz
Total
Prices include shipping, taxes, and discounts when available. $1078.60
Generated by PCPartPicker 2013-11-29 00:52 EST-0500
Estimated Hashrate (with GPU overclocking) : 1900 KH/s
Hardware Fundamentals
CPU - Do you need a powerful CPU? No but make sure it is a decent one. AMD CPUs are cheap to buy right now with tons of power. Feel free to use a Sempron or Celeron depending on what Motherboard you go with.
RAM - Try to get at least 4 GB so as to not run into any trouble. Memory is cheap these days. I am saying 4 GB only because of Windoze. If you are plan to run this on Linux you can even get away with less memory.
HDD Any good ol 7200 RPM hard drive will do. Make sure it is appropriate. No point in buying a 1TB hard drive. Since, this is a newbie's guide I assumed most won't know how to run linux, but incase you do you can get a USB flash drive and run linux from it thus removing the need for hard drive all toghether. (thanks dystopiats)
GPU - Consult the list of hardware of hardware I posted above. Make sure you consider the KH/s/W ratio. To me the 290 is the best option but you can skimp down to 7950 if you like.
PSU - THIS IS BLOODY IMPORTANT. Most modern GPUs are power hungry so please make sure you are well within the limits of your power consumption.
MOTHERBOARD - Ok, so a pretty popular board right now is Gigabyte GA-990FXA-UD3 and the ASRock 970 Extreme4. Some people are even going for Gigabyte GA-990FXA-UD5 and even the mighty Gigabyte GA-990FXA-UD7 because it has more PCI-E slots. 6 to be exact. However you may not need that much. With risers you can get more shoved into less.
PCI-E RISERS - These are called risers. They come in x16 to x16 and x1 to x16 connections. Here is the general rule of thumb. This is very important. Always get a POWERED riser otherwise you will burn a hole in your MoBo. A powered rise as a molex connector so that additional power from PSU can be supplied.
When it comes to hardware I've provided the most basic knowledge you need. Also, take a look at cryptobader's website. This is very helpful. Please visit the mining section of Litecoin Forums and the litecoinmining subreddit for more indepth info.
Mining Software
Now that you have assembled your hardware now you need to get into a pool. But before you do that you need a mining software. There are many different ones but the one that is most popular is cgminer. Download it and make sure you read the README. It is a very robust piece of software. Please read this if you want to know more. (thanks BalzOnYer4Head)
Mining Pools
Now that your hardware and software is ready. I know nothing about solo mining other than the fact that you have to be very lucky and respectable amount of hashing power to decrypt a block. So it is better to join pools. I have been pool hopping for a bit and really liked give-me-coin previously known to the community as give-me-ltc. They have a nice mobile app and 0% pool fees. This is really a personal preference. Take a look at this list and try some yourself.
How do I connect to a pool?
Most pools will give you a tutorial on how to but the basics are as follows:
  • Signup for a pool
  • Create a worker for your account. Usually one worker per rig (Yes people have multiple rigs) is generally a good idea.
  • Create a .run file. Open up notepad and type cgminer.exe -o (address_to_the_miningpool:port_number) -u (yourusername.workername) -p (your_worker_password_if_you_made_one). Then File>Save As>runcgminer.run (Make sure the drop down is set to "All Files" and .txt document.) and save in the same folder as cgminer. That's it.
  • Double click on runcgminer.run (or whatever you named it) and have fun mining.
Mining Profitability
This game is not easy. If it was, practically everyone would be doing it. This is strictly a numbers game and there are calculations available that can help you determine your risk on your investments. 4 variables you need to consider when you are starting to mine:
Hardware cost: The cost of your physical hardware to run this whole operation.
Power: Measured in $/KwH is also known as the operating cost.
Difficulty rate: To put it in layman's terms the increase in difficulty is inversely proportional to amount of coin you can mine. The harder the difficulty the harder it is to mine coin. Right now difficulty is rising at about 18% per 3 days. This can and will change since all you miners are soon going to jump on the band wagon.
Your sanity: I am not going to tell you to keep calm and chive on because quiet frankly that is stupid. What I will tell you not to get too carried away. You will pull you hair out. Seriously.
Next thing you will need is a simple tool. A mining profitability calculator. I have two favourite ones.
coinwarz
I like this one cause it is simple. The fields are self explanatory. Try it.
bitcoinwisdom
I like this one because it is a more real life scenario calculator and more complicated one (not really). It also takes increasing difficulty into account.
Please note: This is the absolute basic info you need. If you have more questions feel free to ask and or google it!
More Below.
submitted by craeyon to litecoin [link] [comments]

Practical question on bitcoin mining?

I understand that BC mining isn't exactly lucrative when done on a small scale, but I do have a more practical question. It seems that one of the biggest costs is A/C. Well I live in Northern Canada, and it sometimes gets to be -50 here in the winter. Would it be reasonable that profit, or ROI could be greatly increased by running a 6 month operation, by opening a window?
edit: forgot to mention that we pay about 100-150 in heating per month; so I was thinking of a two birds one stone. The idea would be to invest maybe 2-5k in equipment, and even if I don't have to heat and don't mine a single BC, I would be saving about 800 a year in electricity due to no longer needing to heat.
edit2: here's the calcs I came up with for this product https://www.amazon.ca/AntMiner-T9-11-5TH-0-126W-Bitcoin/dp/B01NCX6ZPO/ref=sr_1_7?ie=UTF8&qid=1485137997&sr=8-7&keywords=antminer
http://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=11500.00&p=1450.00&pc=0.09&pf=0.00&d=392963262344.37000000&r=12.50000000&er=927.60000000&hc=0.00
Total estimated profit : $1,348.33 USD: or about 1.8 years; however, add the about 800 CAD I spend on heating my place, this becomes about 1900 USD, or about 1.4 years (estimated). That'd be like buying a stock with a 75% dividend yield. Any thoughts?
edit 3: forgot that I could only reasonably run this for 6-8 months out of the year, so approximately a 2 year ROI. Still, that's pretty damn good if you ask me, no?
submitted by Mike77321 to BitcoinMining [link] [comments]

Starting into bitcoin mining.

So I got alittle lucky last week, I had 30 remaining $ in my bitcoin wallet, I've had them for months. I found a bitcoin betting website, I deposited $10, Turned it into $300. Cashed out, I ordered 2 Antminer S3+'s with a 1000W HP server power supply kit with wiring/adapter for the miners. Electricity costs me .08$/kWh, $10 invested, How accurate are bitcoin miner calculators? Like coinwarz for example, you can insert difficulty, electricity costs, watts, and GH/s, Based off that calculator, I'm looking at $27 a month profit, Which is next to nothing. But it costs me $10 to start so who cares right? Does anyone have any tips for someone new to it (I've followed bitcoins and mining a bit but never done it) Also any pool advice for when I get my miners?
submitted by OneFastGSR to BitcoinMining [link] [comments]

BTC mining profitability and hobbyist BTC mining

Using "default" price of electricity hashpower (don't know how accurate those are), Coinwarz has it below zero, BitInfoCharts slightly above.
I've no doubt it's quite profitable in many places including those where the cost of electricity is subsidized by taxpayers, but for causal miners without access to government officials or government owned "enterprises", it seems it's close to game over...
Ignoring the topic of the current forking on BCH (please use other OPs for comments on that), a collapse in SHA256 mining profitability would relatively benefit BCH because of the faster difficulty adjustment.
Does anyone have anecdotal or other insights into the current situation via-a-vis causal/hobbyist BTC mining?
https://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=14000.00&p=1320.00&pc=0.10&pf=0.5&d=6653303141405.96000000&r=12.50000000&er=5599.26000000&hc=0.00
submitted by eustan to btc [link] [comments]

MAD Doge - Market Analysis 1/9/2014 (Afternoon Edition) *Mine-mageddon*

This episode of MAD Doge is brought to you by the Shiba Inu, "If you wanted to have a Doge-worthy dog, you should have gotten a Shiba Inu"
This is not going to be a fun topic to cover, since it was bound to happen, and tons of money will be lost.
But enough of the sad talk, let's get to it!

MINE-MAGEDDON! (Such Explosions)

The Bad News

MARKET GENIUS TIME

What do I do?

Booyah!
submitted by DRKMSTR to MADDOGE [link] [comments]

Guide For New Shibes

So it has become apparent to me from the constant questions on this subreddit that a lot of new miners/shibes need help, so I have decided to make a basic guide to most of the questions I see a lot here.
1) BTC - This means Bitcoin so If you see a miner that says BTC it does not work with dogecoin because dogecoin is Scrypt.
2) Scrypt - This is what dogecoin runs off of, or what your computeasic/gpu solves to support the network.
3) Asic - This stands for an application-specific integrated circuit, or in less confusing terms a miner dedicated completely to mining a particular type of coin such as dogecoin.
4) GPU Mining - Using a graphics card to mine crypto currencies.
5) CPU Mining - A slow and inefficient way of using your computers Central Processing Unit to mine crypto currencies.
6) Hash Rate - The rate at which you mine a crypto currency. The higher the better.
7) KH - This Means Kilo Hashes. 1KH = 1,000 Hashes a Second
8) MH - This Means Mega Hash - 1 MH = 1,000,000 hashes a second.
9) Should I buy an asic? - If you want to support the network yes. If you want to solely make money off of it No. Buy the coin if you want to make profit. This is my opinion, there is no one answer to this question.
10) Mining Pool - Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out smoothly over time.
Tl/DR You Work with other miners to solve stuff faster making you money faster.
11) Mining Difficulty - How hard it is to solve the problems to generate dogecoin.
12) Do I need a fan? - Yes I cannot stress how important it is to properly cool your units. Make sure your units are always cool or else they might melt. Do not think you are safe just because you turn your ac up, but a fan.
13) What Mining Pool Should I Pick? - Here is a list of all of the pools Pick one that works for you.
14) What is a wallet? - This is where you store your dogecoin and where you can send and receive dogecoin.
15) What Wallet Should I get? - Online is convenient but not safe. Paper Is the Safest But Not convenient. Cold Storage is the mostly safe and somewhat convenient.
16) What is cold storage? - Basically putting your wallet on an offline device like a usb.
17) Can I mine on a mac? - Yes look here for more info.
18) Cloud Mining - A service you buy that mines for you. you pay for a certain amount of hashes, lets just say 10gh for an example, and the company/service mines you this amount for the time you bought. It is not profitable usually.
19) What Is a Raspberry Pi? - A small cheap computer that people use to run their miners on.
20) Watts - The measure of electricity.
21) Should I pre-order? No Never F%&$ing pre order, you will get scammed 99.9999% of the time.
22) Can I still mine? - Yes, you probably wont make money but you will support the doge community.
23) Linux - An operating system like windows that people use to run mining programs on.
24) If you Have an animal make sure to properly protect your mining rig from them. Wires from the machines make great chew toys.
25) How Do I calculate if im going to make money with my mining rig? - Use This mining Calculator This is also a very good calculator
26 What Mining Program Should I use? Windows: CG MINER Mac: Astroid Linux: CG Miner again
Goodluck mining I hope this helps. This Also Took A long time to make so support would be appreciated :)
submitted by sircam22 to dogemining [link] [comments]

Hvem miner her?

Jeg var lige inde og kigge på CoinWarz mining calculator med udgangspunkt i en Antminer S7 der giver 4.3 th/s for 1350 watt.
Slog gennemsnitlig strømpris op på strøm.dk og det var 2,29 dkKwh eller $0.33.
Mining calculatoren siger profit efter pool fees og strøm er $12.902 eller godt 90.000 kr. årligt. Det kan ikke passe – Er der nogen som kan lure hvad der er galt i mit regnestykke? Jeg troede egentligt at man som udgangspunkt mistede penge på at mine i Danmark med vores strømpriser.
Edit: Havde et 0 for meget bag Gh/s værdien. Efter jeg rettede det blev resultatet i stedet $-2.200 per år.
submitted by ElectricOrangeJuice to BitcoinDK [link] [comments]

All You Need to Know About Verge / Beginner's Guide

All You Need to Know About Verge / Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on curtain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx Speed 5-10 Seconds
Tx Capacity 100. (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Wraith Protocol Private and Public transactions in one blockchain according to user's choice. Hides the sender and the receiver information.
RING CT Under Development
See our blackpaper for detailed information.
Wallets
Mining
Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:
Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
submitted by Desolatorbtc to HowtoCrypto [link] [comments]

How to calculate Hashflare income?

Profit is calculated via the deduction of expenses from income.
The income consists of daily payouts which size depends on the hashrate. In order to calculate an estimated income using the hashrate you will need to include it in one of the calculators below (set all Power values to zero):
Main Hashflare calculator - https://bit.ly/cryptolifehack
  1. http://www.coinwarz.com/calculators/bitcoin-mining-calculator - for SHA-256
  2. http://www.coinwarz.com/calculators/litecoin-mining-calculator - for Scrypt 3. http://www.coinwarz.com/calculators/ethereum-mining-calculator - for ETHASH (set all Power values to zero)
  3. http://www.coinwarz.com/calculators/dash-mining-calculator - for X11 (set all Power values to zero)
  4. https://www.coinwarz.com/calculators/zcash-mining-calculator - for EQUIHASH (set all Power values to zero)
Next, deduct the maintenance + electricity fee of 0.0035 USD per 10 GH/s of SHA-256 and 0.005 USD per 1 MH/s of Scrypt from the income. ETHASH, X11 and EQUIHASH contracts are not subject to any fees. The sum you end up with is your estimated profit.
submitted by KolinPaul to u/KolinPaul [link] [comments]

[uncensored-r/Bitcoin] Genesis Mining is PreSelling Their Cloud Mining Again !

The following post by NotSeriousEver is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7eiokd
The original post's content was as follows:
I missed out on the last one, but just bought 20 THs
https://www.genesis-mining.com/pricing
For those of you that don't know, Genesis mining is cloud mining for bitcoin, which basically means that you pay to use the power of someone else's miner (in this case a large legit company). And when you buy the contract (which costs the same as the physical miner would cost so you don't have to hear a loud annoying machine in your house/apt) you have the contract forever. That 20 THs/sec is yours for all time.
https://www.coinwarz.com/calculators...000000&hc=1700
Here is the conversion chart. Pool fees are 30%. So for me specifically, i will be netting around $600 per month if bitcoin stayed where its at now. In 163 days, i will break even and everything else for the rest of time will be profit.
So, if you believe that bitcoin prices will continue to increase (and there's no reason it shouldn't as its not tied to a country's economy/status) you will have a solid passive generator of income
Here's a 3% off code that i found on a website and used: 7q64X1
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[META] I am still wondering why the prices are so high.

ALTHOUGH THIS HAS AN "ANGRY" TONE, I'D LIKE MY MIND TO BE CHANGED ON THIS, POSSIBLY WITH THE SAME "CYNICAL/SARCASTIC" TONE, not with a shitload of downvotes and with rich people yelling at me. I truly love the fact that we have exchanges built on trust, person to person. Dogemarket has been my only way of buying dogecoins and I'm starting trading just now. So:
Looking at the number of dislikes and likes in the comments of the [META] post explaining the prices, there is a clear tendecy of conserving the right to set whatever price big sellers want. You don't agree? Have a downvote, a "ignorant" label and kick out of the market. Llet me sell my shit at my own price. This is lobby behaving. In the risks list, include how much you made from selling dogecoin at at least 30% the market price. Let's say you actually get that bitcoin: 1 BTC today from justcoin is about 500€; yesterday almost the same (+10-) Go to cryptsy (I'd go to vircurex, but let's stick to your case) and trade it for: 366,789 doge (right now). How much are 360,000 doge? Right now 445€, make it 440 to make it round. So 60€ to go even: about 15% (1.41€) more of the price on the lot will break even. From there up it's all in your pocket. How much is 30% of the price more? It's 70€ on 1 BTC you bought. So let's see what's on the market... 500k at 2.5$/k, which is 50%, 50% more than the price 5hrs ago (when it was posted). Well we know our numbers. How much is in the pocket of the seller? We're in luck! 5 hrs ago the price was still about (20€ more 4 hours behind those 5 I considered and vox allows 2,3h BTC transactions) 500€/BTC and dogecoin was again at 270 satoshi. We'll keep numbers high, although it is probable OP bought at less than 240 satoshi. It brings us again at about 1.41€ to break even: 705€ for 502,000Ð or 1.356 BTC at 520€/BTC, 260satoshi/DOGE. Woop woop we have at least 900€ cashed in with that 35% more!. Meh, 200€ every 2 or 3 days (assuming this isn't daily) and you complain about losing say 500€ every month? Fuck me that's still 1900€ per month at the rhythm I supposed. I understand the risk of BTC is rising fast seen the shit is happening. But hey, there's still Litecoin and a lot of other ways to buy dogecoin. I could even buy from you at 30% and then then sell immediatly after at 50%. I have not taken in account the dogecoin price oscillation! If anybody bought dogecoins when they were under 200 satoshi and selling them now at 30% more the ACTUAL price... shit... What am I studying for?
One final thought. Not everybody loses stuff. There are merchants that have bad luck like you, but for the rest there is no excuse. Being this a free market, you can sell whatever you want at the price you want and if there is someone buying, you'll keep selling. I don't think sellers that keep selling are in red. Honestly, If I had enough money, I'd mine my dogecoins and sell them at 110% the current price. I hope I will find a solution to this. P.S. How can you guys think PayPal and Amazon don't notice all that money entering?!? P.P.S Why don't you cut your transactions in little pieces, say 10,000 doges at a time? P.P.P.S. I really hope you understand I am a simple shibe. So if I made terrible mistakes in my reasoning, point them out; I'll bow my head and keep my journey.
TL;DR the prices in here are high enough to get most of the times about 15% back of the initial investment, if not more. Being for a lot of people entering dogecoin culture the first place to look at, /dogemarket should point more at spreading doge than squeezing out money at 30/40/50% of the actual price.
Sources: https://www.cryptsy.com http://coinmill.com/EUR_XDG.html http://doge.yottabyte.nu/ https://www.bitcoin.de/en
EDIT: TL;DR, format Edit2: how can you downvote? I see no blue arrow... - RES, okay Edit3: please see smuttr answer and mine below his/hers for the proof of my TL;DR Edit4: I get it: free market. People pay what they pay. So wake up, paying people. Meh... I haven't written all this to complain. Who should I complain with anyway? And you people talk, with 74 upvotes on a post about someone who chose the wrong website to buy bitcoin. What's that called again? Actually this post was just an answer to this one: http://www.reddit.com/dogemarket/comments/1xlzd0/meta_if_youre_wondering_why_the_prices_here_are/ Because I felt it was a little unfair how the voting system was hiding people trying to dissent with OP. I also wanted to make a couple of calculations to understand where actually the money goes in a 150% actual price transaction.
Edit5, final edit: The conclusion to this is that whoever thinks the prices are too damn high and tries to QUESTION, not complain, question why is that so, can go buy somewhere else. I'm happy you folks helped me with this. At least buyers will now know who they are dealing with. I profoundly thank smuttr for changing my mind on what the base price to calculate one's profit margin should be. Although I don't consider the incapacity of finding better instruments of exchange an excuse to charge more. As far as I see now: -Miners ride the wave of prices. Can't really say much... coinwarz.com calculate the break even on the actual price of altcoins, so for miners selling here, it will arrive 30% faster. -Traders are bound to this formula (that doesn't consider about oscillations, problems, risk...) : Investment / {'['(' {[(Investment - Wire)/BTCcost]exchange fee} /DOGEcost ')exchange fee'] -1'} /1000 Which with, for example Anxpro (it's the only one I know about right now), quickly collapse to I / {[(I-W)/BTCc] /DOGEc} / 1000. As you see the only variables in this one are I and W and, numbers in hand, the % of W in respect to I is what weights on the initial premium. So: [(I-W)/I - 1] is a constant factor to be considered in every price, until there will be no cost in bank transfer. In my example below is 2% and I honestly think it doesn't go above 5-7%. This means I>=200$ and W=15$. For fun, The exchange fees are to be accounted as they are. So now we have the IW + exBTC + exDOGE. I refuse to take in account the movement fees because they are plain stupid.
REAL TL;DR from the prices you see, you should account that about 3% is a real cost.
submitted by HeartBalloon to dogemarket [link] [comments]

Crypterra: Most common mistakes people make when joining.

Some quick tips:
1) Understand what to mine:
Please use a mining calculator to verify which coin is the right for you, https://coinwarz.com good mining calculator for ETH/LTC/BTC. Everyone is joining the BTC hype, but do they realize that there are a lot of people stuck in the 12k-19k BTC range? https://www.tradingview.com/x/veTUpi9n/, chart looks like we will need a lot of new money in Bitcoin in order to make new highs, maybe some future news about the Lighting Network could trigger the move.
BTC Profitability increases when mining difficulty decreases (https://btc.com/stats/diff) and when price increases (https://coinmarketcap.com/). Given the future projections of difficulty and current chart coin investors should consider mining Ethereum given the bullishness of the chart (https://www.tradingview.com/x/YlvNfhcJ/) and the +50% move since mid December.
2) How to reduce payment fees: I originally bought 5 TH/s with Bitcoin and paid almost $30 in fees while transferring from Exxodus to Crypterra. Paid 5 TH/s with LTC and only paid 6.86 in fees. If your going to invest more than $500 in Crypterra I highly suggest you use Litecoin to avoid the insane amounts of BTC transfer fee. The transaction will be cheaper and also faster since there are almost 145,000 BTC transactions pending in the blockchain.
3) Missing Hashpower : Lots of people have been complaining about not receiving hashpower after sending payment. I had the same problem when I paid with BTC, it took 9 days for my hashpower to show. I did not have the same problem when I paid with Litecoin (LTC).
4) Understand the risk: As with any investment you need to manage risk, invest only what you can afford to lose. I started with $500 I had to wait 11 days for my first payout, (9 for my hash power to appear + 1.5 mining for $10), the 20 TH/s special is good but don't feel forced to buy into it.
If you want to join Crypterra, educate yourself on the topic and join me https://crypterra.net/?code=CR8960
submitted by gyferlotus to Crypterra [link] [comments]

World’s Top-12 Cryptocurrency Web-sites According to Dickinson-Junior

I continue to introduce the most interesting and useful crypto currencies related web-sites to my dearest readers who just stand on the crypto-currency path. With ICO-trackers we have already figured out, and as far as crypto exchanges are concerned, I gonna tell you in the next article. Today, we analyze useful and interesting news and analytical web resources.
The garland of victory among specialized cryptocurrency web-sites belongs to www.coinmarketcap.com (the most important data in a nutshell: market capitalization of all cryptocurrencies, the number of coins in circulation for each of them, rates against the USD) — 133.6 million visitors monthly!
An online publishing platform www.medium.com houses a lot of interesting opinions of analysts and traders on cryptocurrencies, technical articles, crypto-currency jokes. For my pity it does not show the audience by subreddits. But all cryptocurrency and ICO experts recommend this resource for mandatory reading! Its monthly audience is about 140 million people!
The largest cryptocurrency and ICO forum www.bitcointalk.org is a mustread for both newbees and golden oldies) — 35 million visitors.
http://www.coindesk.com (cryptocurrency news, educational materials, analytics, reports on the "Consensus" annual blockchain technology summit) - 21,4 million visitors.
www.steemit.com is a blogging and social networking website on top of the Steem blockchain database. One finds a lot of reading on cryptocurrencies, upcoming ICO reviews, discussion in the comments. The Steem blockchain produces STEEM and Steem Dollars which are tradeable tokens users obtain for posting, discovering, and commenting on interesting content. 19 million visitors every month.
www.cointelegraph.com delivers bitcoin and ether news, analytics, explanation of cryptoterms, ICO calendar) - 10.78 million visitors monthly.
www.cryptocoinsnews.com - bitcoin and major altcoins news, analytics, tips on how to get free bitcoins and how to earn money with bitcoins — 9,7 million people of monthly audience.
www.bitcoinwisdom.com - Bitcoin and Litecoin Difficulty charts and calculators, exchange rates — 8.52 million visitors every month.
www.bitinfocharts.com - cryptocurrency statistics, major cryptocurrencies rates, a lot of graphic information on them — 5.9 million people of monthly audience.
www.coinwarz.com - cryptocurrency charts, mining calculators, online profitability calculators to determine the profitability of bitcoin mining in comparison with other cryptocurrencies — 4 million visitors every month.
Bitcoin Wiki (https://en.bitcoin.it/) — online encyclopedia of cryptocurrency terms, 1,139 pages, 3.9 million readers every month.
http://www.newsbtc.com - cryptocurrency news and analysis, educational information for "dummies", a list of crypto-currency brokers, cryptocurrency exchanges charts, tips on how to visit bitcoin-casinos, the list of most popular ICOs) - 2, 6 million people of monthly audience.
www.bitcoinmagazine.com tells the news and reveals bitcoin history, reminds of dark Internet, provides one with information for technical analysis, hosts a calendar of blockchain and bitcoin-events - 1.98 million visitors every month.
I hope everyone will find here what he is looking for… For, as it was said many centuries ago, " For every one that asketh receiveth; and he that seeketh findeth; and to him that knocketh it shall be opened” (Luke 11:10).
Author: Dickinson-Junior
submitted by Dickinson-Junior to CryptoCurrency [link] [comments]

A Question on Wallets and LiteCoin Profitibility

How do you keep the bitcoin wallet on a flash drive when the program is currently over 20 GB in size? Do you need a giant flash drive or...what? And is keeping your wallet out of reach of the internet a sure fire way to keep it from getting hacked, or is there another way to get the info?
Secondly, a question about LiteCoin- originally posted to bitcointalk:
I recently took an interest in mining but the standard Bitcoin profit calculators told me the sad news: that my PC would produce such a pitiful number of coins (like $20 worth a year, even with some simple gear) that it wasn't worth it (especially when considering electricity costs). But I happened upon a litecoin calculator and put in the same values (20 GHs/s, current difficulty, my computer's wattage, power costs, etc.) and the calc told me I could mine around $500k worth of LiteCoin (after exchanging to BTC then to USD at the current rates).
I'm assuming something's very off. Here's the calculator: http://www.coinwarz.com/calculators/litecoin-mining-calculator
I'd be getting two Butterfly Labs 10 GH/s USB blocks ($50 each) and run my AMD Radeon 7700 GPU for a little more. I have a 250 watt PC and power's about 0.12 a kW. What's broken here, or can I really get rich on this alt currency?
submitted by mrmayge to BitcoinBeginners [link] [comments]

[uncensored-r/Bitcoin] Genesis Cloudmining Presale for March Start

The following post by NotSeriousEver is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7em6ju
The original post's content was as follows:
I missed out on the last one, but just bought 20 THs
https://www.genesis-mining.com/pricing
For those of you that don't know, Genesis mining is cloud mining for bitcoin, which basically means that you pay to use the power of someone else's miner (in this case a large legit company). And when you buy the contract (which costs the same as the physical miner would cost so you don't have to hear a loud annoying machine in your house/apt) you have the contract forever. That 20 THs/sec is yours for all time.
https://www.coinwarz.com/calculators...000000&hc=1700
Here is the conversion chart. Pool fees are 30%. So for me specifically, i will be netting around $600 per month if bitcoin stayed where its at now. In 163 days, i will break even and everything else for the rest of time will be profit.
So, if you believe that bitcoin prices will continue to increase (and there's no reason it shouldn't as its not tied to a country's economy/status) you will have a solid passive generator of income
Here's a 3% off code that i found on a website and used: 7q64X1
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin profit calculator - YouTube Bitcoin Profit Review 2019 *UPDATE* - SCAM or LEGIT? Live ... Crypto trade calculator Bitcoin Mining Calculator Bitcoin profit calculator investment - YouTube

Profit; Hour 0.000000 0.013536 0.000000 $0.00 $0.04 -$0.04 Day 0.000000 0.324871 0.000005 $0.07 $0.94 -$0.87 Week 0.000000 2.274098 0.000038 $0.49 $6.55 -$6.06 Month 0.000000 9.746132 0.000162 $2.12 $28.08 -$25.96 Year 0.000000 118.577943 0.001969 $25.79 $341.64 -$315.85 History unavailable for lagging coins. Exchange Rates ; Exchange Current Rate Volume 24h 24h Rate 3d Rate 7d Rate; HitBTC: 0 ... The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year. The price has gone down for most of the past year, which is a factor that should be strongly considered in your calculations. Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware. Top 10 cryptocurrency mining calculators for 2020. (BEAM) Beam Mining Calculator Miner Calculator Powered by CryptoRival. Cryptocurrency Prices. Search for: About Us My Name is Ghulam Ahmed. I have been working on bitcoin cryptocurrency in Pakistan since the past three years. Now I am the top seller in Pakistan and have many clients from different countries of Mining hardware. Me and My team members specialize in stable ...

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Bitcoin profit calculator - YouTube

This video is unavailable. Watch Queue Queue. Watch Queue Queue Try out Bitcoin Profit today: https://bit.ly/2BjDhvC Bitcoin Profit review 2019. Want to find out if Bitcoin Profit is a scam auto trading software or a le... https://cutt.us/bsgL5 Profits are counted and paid on a hourly mode. Once you have become an active participant and make your first deposit, Your account bal... Demo of our Bitcoin Mining Calculator. Estimate what you can earn mining Bitcoin. To download the calculator and get started with our recommended mining prov... How to calculate Genesis Mining profit - Bitcoin Mining Profitability Calculator - Duration: 4:41. Marjun Guindulman 5,674 views. 4:41. How I find the most profitable crypto coins to mine ...

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