asic miner vs gpu best asic miner 2020 ethereum-talk

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

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

Please Stop the ICO Reviews!

I'm sorry for this view of mine and that is exactly why I wasn't paying any attention to the ICO Reviews up until now. But sadly I just watched the AuthPaper one and I must say stop it just stop reviewing these things or at least try to do it differently (more on this at the end). This is the TL;DR version I guess. But I will try to argue this. All I'm writing is at the top of my head so I didn't check out all the data/stats and so on. But for I don't make my money reviewing complicated stuff like ICO's/Blockchains please take that with a grain of salt.
My criticism is obviously two fold the first part is that I don't like blockchain technology and I inherently don't trust it. The second part is more general why I think David Pakman should not review them at all, or not in the current format. So let's start with the latter

David Pakman should not review ICO/Blockchain/Cryptocurrencys

This will obviously be an ad hominem attack, but I hope a fair one. The first big issue with david reviewing ICO's for me is the most obvious. Cryptocurrencys try to solve so much it might not be possible for any single person to have expertise on all of those topics just to mention a few david commented on
These in itself are very complicated industries or topics and require either insight into the topic at hand and additionally insight into the industry these Cryptocurrencys are build around.

For the COCOS-BCX one for instance it is highly questionable that the game industry itself will use COCOS-BCX. One might say but COCOS-2D is used by a lot of game developers. And obviously that is correct and to me that seems the whole Idea of BCX basically enabling easy gamedev inclusion of ItemStores in OpenSource games. Which is totally reasonable, but why does BCX need to be a Blockchain based cryptocurrency. Basically enabling an Ingame Trading API and a store connected to it solves the same Issue, but that would not produce the same publicity and probably not the same investment. More to this point later. One might answer but this wouldn't allow the gamedevs to verify that an item is the "same" or that these items are limited and scarce. This is not entirely true and has very serious downsides. It is in itself a topic that needs to be talked about. There are serious economic/philosophical/psychological arguments with the whole concept of selling these items. I would really like an in-depth analysis on that topic. And to make a rather unfair comparison in an ICO Review of NRA-GunCoin the moral issues with such a concept would be delved into. So to make the point I'm trying to make clear. For a good indepth review of Cocos-BCX we would need to know how many games are build using Cocos-2d, we would need to know if blockchain would really relate to game funding. We would need actual arguments for or against turning digital data into assets. We would need information on other solutions that might already be out there and why they don't deliver the same without the blockchain. So in davids review I'm missing a fucking review. He's not making these point at all or just in one sentence. This is not a critical review. I could find out all this data in like 30mins of google research. Maybe I'm wrong but it seems David just read their advertisement and that's it turning him into a bad salesman.
The AuthPaper one is again really interesting I give you that but there are so much issues with it. First we have verified data transfer already. There is actually no issue at all. Nearly every data transfer in the internet is done using checksums and a lot of them are using cryptographic methods already. I know that there are issues with for instance emails I get that but why is AuthPaper really solving that better than a different or new email-protocol. Who in fact really has the problem of data transfer AuthPaper tries to solve. Is there another solution out there? Why don't we connect BitTorrent to a payment system for instance? What are the security concerns of sharing data encrypted to the world. I mean yes cryptography is supposed to be secure today but in 20years nobody can really guarantee that the data is still safe. Maybe that will be decrypted on a homebox. Or there is an error in the cryptographic algorithm that will release the whole data to the world. If you can't delete the data what happens with copyright claims or child pornography, I mean stuff like this happened already and obviously this might make it illegal to take part in AuthPaper. I took me like 5min to think about these issues. Should I really believe that David did a fair review that is supposed to tell me more about AuthPaper than their advertiser pitch? In a sense the only thing I can take out of this is there is no review here. No review it's just a repeat.
I'm not going into the rest of the ICO reviews. But I think there are legitimate points for every review that have to be made if you really review an ICO.
So to conclude why David should not review these ICO's:

General points to blockchain technology

Okay with criticizing David and his show out of they way. Some explanation might in order why I'm critical of blockchain technology as a whole. I think this is not needed but it is firstly an interesting topic that the david pakman show should definitely delve into more by far more but also for people reading this it might also give more insight why I am overly critical of david in this post.
Cryptocurrencys are inefficient
I think to everybody this is clear, the Proof-of-Work concept using mined hashes must be comparable to the worth of the transaction, and it must compete with the general market for CPU/GPU/ASIC power. This roughly means that it must be more or as valuable1 for a miner to mine than it is for the overall market to use these resources for other deeds. This is a huge issue. And right now it works because of different prices for electricity. Or because miners expect rising value of the mined assets or just for fun. But just picture this given a CPU based hash the whole IT industry will compete and has to compete with cryptocurrencys because of the Proof-of-Work concept over limited resources. Basically Cryptocurrencys based on mining will create as much work as needed for their system. This seems to be a total inverse of economics because it is supposed to be an extremely inefficient solution. Just compare BitCoin to normal Credit Card Money transfer or paypal. Yes one could argue that BitCoin has properties like anonymity or transparency but is it really the correct/best way to reach these goals by accepting forced inefficiency? Don't we have the obligation to stop BitCoin trading for instance because it results in a massive use of real valuable resources.
Cryptocurrencys are not "always" democratic / transparent / anonymous
Again to argue this in general is difficult and might not hit the mark an all Cryptocurrencys. And it is not entirely true. But I just want to make the point that the transparency of a given system is based on the user base. This assumes a democratic nature of the user base meaning everybody has some kind of equality in the process. This is highly controversial as BitCoin miners in China at certain time points had nearly seized over 50% of the mining. So the democratic nature can just be verified at the current moment. And it does rely on (1) very heavily. This results in a loss of transparency because by nature the whole system is anonymous. So we might not even know if BitCoin is democratic/transparent right now because we can't for sure know if all participants share some kind of equality. Secondly all these attributes rely on the algorithm used and the cryptography. Meaning the whole system is broken if one of those parts is broken. This means that the whole system might be worthless tomorrow because there is an effective attack on SHA-2.
And thirdly the anonymity in BitCoin is rather weak. Yes BitCoin is anonymous but there is no deniability built into the system. There is a reason for BitCoin laundering after all. This might not be true for all cryptocurrencys but it is for a lot of them. And this exposes a huge load of meta data to everybody in the world.
Cryptocurrencys can't forget
This I think might also be solved or is solved already. But while this is often hailed as good it is inherently bad or at least poses risks. Cryptographic algorithms might be broken with newer Hardware. Data might be illegal or just owning them might be prosecuted as a sever crime maybe without even knowing what the data is. This stuff happened already.
Cryptocurrencys don't really solve anything new
This is very important to me. And I might be totally wrong about this. But do they really solve a problem that can't be solved otherwise in a similar manner. I don't think so. And one might say I have the burden of proof. But I think I don't as it is very hard for me to prove that basically every cryptocurrency is solveable by other means. But If you are of this opinion please really try to bend your head around this. Because I know some of these things will be complicated to solve or rely on governmental intervention. And I must say arguing where does the money to do this come from or this is just not as interesting to people as a cryptocurrency are valid arguments for sure. But then they also need to account for the downsides of cryptocurrencys. And saying this needs to be transparent or anonymous is an interesting proposition overall, that again might be solved differently too. In a sense BitCoin for instance solved the issue of anonymous paying for illegal stuff (yeah i know this might be a bit to hard) because it created a lawless arbiter of trust. This does not mean that a bank didn't do the same think thousands years ago. It just means that BitCoin is able to do this on a much bigger scale and for nearly everybody instead of for really really rich people. And it is questionable if we should even have such a thing.

Cryptocurrencys are ponzi schemes or like MLM's
This is probably really hard to argue in general and I'm not fluent in economics. But Cryptocurrencys basically create worth out of nothing this needn't mean that they are a ponzi scheme, but it means that they can just be worth as much as the problem they solve is worth. And they might stop to solve that problem at any point because of the above.
But don't you have to invest in cryptocurrencys before taking part. Isn't your return from your investment deeply tied to the ability of the cryptocurrency to gain new investements. Aren't the profits generated by Cryptocurrencys shared pretty unequal. And aren't cryptocurrencies and blockchain pitched in the media right now as the new cyber the best solution for back pain you have ever heard of, it helps you loose 200 pounds in one week (I mean win 200). Just looking at the spread of cryptocurrency is like looking at ponzi schemes and MLM's. And they revenue or investment they gather from even huge companys and investors is ludicrous. While this maybe means that they are really that good I don't see an argument made that would in anyway justify such claims. Apart from it's working already.
So Cryptocurrencies are new and interesting. But they are also really dangerous and risky. To asses their credibility and verify their integrity one needs a lot of knowledge and for most of us it just means trusting some kind of scientific authority and the community. While a lot of what they do is already done by lame old solutions by companies that I would rather invest into. Maybe not the same amount of return right now but at least there is an authority I can sue for false claims, they work within a legal framework that my government can regulate and they are by far more effective.

A better way to review these things

I think it is pretty obvious in which direction I am heading. If you really want to review these things. Put time and effort into them, be critical. Do an analysis after the ICO taking place. And in general do your research on the differences of algorithms and cryptographic methods used (even if its boring). For me these reviews feel like pseudoscience and I hope I'm not alone. But maybe I'm lucky and I just got this thing horribly wrong and David or people on this reddit can explain to me what I totally missed.

BTW: if you complain that I didn't even put one source in here, you are right but this does not mean that there aren't sources for it. And most important it does not even mean that it is hard to find those sources.
submitted by SirCaddigan to thedavidpakmanshow [link] [comments]

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

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

How to install

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

Get Add-ons Menu

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

Click on +Free to install

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

Choose Gmail Account

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

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

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

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

How to use for GPU-Mineable Coins

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

Click “Add” to view the list of available APIs

Click on the “WhatToMine” icon

Click “Stats”

Click “Insert”

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

Example usage using the =SS() Formula:

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

How to use for ASIC-Mineable Coins

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

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

Common issues and how to fix:

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


Download the add-in:
First time install and login:
WhatToMine Stats endpoint help:


Is Genesis Mining Worth it? A Genesis Mining Profitability Calculator You’ll Actually Use
How to Create an Ethereum Mining Calculator from Start to Finish
10 Statistical Price Predictions for 10 Cryptocurrencies
Bitcoin Madness: How to Simulate Bitcoin Prices in Google Sheets
submitted by 1kexperimentdotcom to gpumining [link] [comments]

Zcash Vs. Monero (quick read by Bitmex)

Betamax vs VHS, Coke vs Pepsi, Ring Signatures vs zk-SNARKs; the choice for a winner in the battle for online cryptocurrency privacy is not so clear cut. We see two main contenders: Zcash and Monero.
Zcash hasn’t launched yet but is making waves, featuring a new privacy method that has not been used in any other coin. Zcash implements the Zerocash protocol, which is an evolution of Zerocoin, a protocol prominent in 2013 but never mainstream. Zerocash’s main draw is transaction size; Zerocash can make transactions up to 98% smaller than Zerocoin through a novel method. This method is known as a zk-SNARK (zero-knowledge Succinct Non-interactive ARgument of Knowledge). zk-SNARKs allow Zcash to feature completely opaque addresses and transactions, while keeping proof size small. From their protocol spec:
“The basis of the privacy properties of Zcash is that when a note is spent, the spender only proves that some commitment for it had been revealed, without revealing which one. This implies that a spent note cannot be linked to the transaction in which it was created. That is, from an adversary’s point of view the set of possibilities for a given note input to a transaction—its note traceability set— includes all previous notes that the adversary does not control or know to have been spent.”
Users are hopeful but skeptical. There may be too much anonymity; transactions can’t be traced to the genesis block. In the wild, there could be more coins mined than claimed by the devs - only a thorough review of the source code & proof that all parties are running the same code could verify. Zcash also requires a “trusted setup”, essentially a seeding of key data, that has attracted criticism. The technology is new and untested; like Bitcoin in 2009, it has yet to be proven, and few understand the implementation.
Zcash is attempting to integrate with other chains. Zooko Wilcox O’Hearn, one of Zcash’s technology leads, describes “Project Alchemy”, an attempt to connect the Zcash blockchain and the Ethereum blockchain. “You [can] create a decentralised exchange right there,” Zooko writes. “It means you can create unshutdownable things. It also means when you add this new power – to send and receive Zcash – all the other Ethereum contracts gain this new power.”
What about Monero? Monero has had a head start in this race. Monero’s ensures privacy via Ring Signatures. In short, it is based on mixing transactions with other transactions. This method of privacy is tried and tested in Bitcoin mixers, but mixers are explicit and coins coming from them are often blacklisted. Monero’s mixing is implicit and constant, significantly improving privacy.
Monero is not without issues. The set of mixed transactions is smaller than that of Zcash (where your transaction is hidden amongst all outstanding transactions), and mixing more coins requires a larger transaction size and thus slower transactions.
Both coins seek to solve other Bitcoin issues.
Monero has no block size limit nor any built-in reward halving. Zcash seeks to prevent a mining cascade at launch by slowing scaling up rewards in the first weeks. Both have faster block timings, and both use hashes designed to disadvantage GPU and ASIC mining.
Both coins desire to keep mining decentralized by reducing the GPU and ASIC advantage. Monero has CryptoNight, which is designed to be fast on a CPU but slow on a GPU. This is effective in reducing GPU hashrate - the latest & greatest GPUs only have a very small scale advantage over fast CPUs. Zcash tackles the same problem with Equihash, a tunable hash algorithm that is designed to require massive amounts of memory, thus being almost entirely unusable on all but the very fastest GPUs. No GPU miner has yet been released for Equihash.
Which will capture hearts & minds? Usability may be the decider. Monero users have been waiting years for a simple GUI wallet. Monero is a completely new currency and thus has few tools. Zcash, on the other hand, is forked directly from Bitcoin and already has GUI wallets and even a block explorer forked from Bitpay’s popular Bitcore project. If the Zcash team is able to deliver fast and quality development, they may see users switch quickly.
Zcash is not yet launched, but you can already trade it, exclusively on BitMEX. We have launched a future, ZECZ16, that will settle on the largest underlying spot market's price with expiry Dec 30, 2016. Bullish on Zcoin vs Monero? You can long the Zcoin ZECZ16 contract & short the Monero XMR7D contract (or vice versa), using BitMEX today.
(This was written by bitmex via their "Crypto Trader Digest" channel on October 6th 2016)
submitted by Stuxnut to Monero [link] [comments]

Scam Scale Rating, auditing proposal

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

Is GPU or ASIC Mining MORE Profitable Right Now? Nov 2019 Should YOU be GPU MINING Cryptocurrency in 2020?! - YouTube Is Crypto Mining Worth it? CPU, GPU, and ASIC Mining ... T4D #84 - Pt 2 Bitcoin Mining, BFL ASIC vs FPGA vs GPU vs CPU GPU Mining VS Asic Mining In 2019  Which Is More Profitable?

This post is for those of you who are thinking on either starting mining or expanding your existing mining farms. There is a lot of controversy regarding both ASIC and GPU mining. ASIC vs. GPU mining – Profitability in Bear Markets ASICs vs GPUs – head to head hardware review. In almost every interaction I have with a new client, ASICs are inevitably one of the first mining rig hardware options discussed. Understandably so, as the value proposition is so straightforward. ASICS are purpose-built to do one thing and one thing only: mine a specific crypto, and mine it fast. Nothing else can compete with an ASIC on that ... A big plus of GPU mining when comparing it to ASIC mining is flexibility. GPUs, as their name indicates, are mainly built for image processing. That is, they are not designed for any particular cryptocurrency, and so they can be used to mine any coin. Certainly, if we consider a coin which can be mined with ASICs, like Bitcoin, GPUs do not stand a chance, as ASICs will easily dominate them ... asic miner vs gpu best asic miner 2020. What is ASIC Mining? Bitcoin miners review and verify previous bitcoin transactions and create new blocks so that the data can be added to the blockchain.; Bitcoin miners perform complex calculations known as hashes, and each hash has a chance of yielding bitcoin.The more hashes you perform, the more chances you have of earning bitcoin. Most miners are torn between which mining hardware to use. There is a battle of supremacy, ASIC vs GPU mining. This review will reveal their pros, cons, and profitability of the ASICs and GPU. A Brief Introduction to the Mining Process . When we talk about mining, traditional mining such as coal, diamond and gold mining comes to mind. However, when it comes to cryptocurrency, mining is a ...

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Is GPU or ASIC Mining MORE Profitable Right Now? Nov 2019

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