Bitcoin Forum
May 23, 2024, 12:39:06 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Altcoin Discussion / Re: What's wrong with Altoins on: December 22, 2020, 01:47:55 AM
I agree with all you are saying, I have been burnt with different coins. I have lived the ups and downs, but honestly I do believe the blockchain. One of our projects will grab hold in a real way. Even BTC the biggest badest and at nearly $25k as of this writing, it still has BIG issues.

1. It is purely speculation driven or HODL right now, a replacement for gold and silver at best.
2. It is SLOW
3. It is expensive to use/transaction fees

Because of these reasons IMHO it will never be the currency replacement we will use, which is why I believe in Alt coin. We have thousands of coins that have solved 2-3 really well. At this point I think Litecoin will beat BTC in near future for usability but we need adoption.

2  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin for Good on: December 21, 2020, 05:43:40 AM
"50% to funding individuals or NGO's"

What kind of NGO's you are planning to fund? Did you decide in what area, e.g., politics, rights, food supply?

I can support you if you choose stuff with real-life usage in the current situation like food supply/shelters, etc.

Politics are excluded. They have enough money and never serve people directly. Religious affiliations would also be excluded, as there shouldn't be a tie to religion if you are trying to help someone, meet them on their own terms. Example is building a school which is amazing, but there isn't a need to have religious studies as requirement in the curriculum. That is my humble opinion.

It essentially would be decided by the group, but food supply, water supply, shelters, healthcare, water purification, renewable electrification, education and maybe even innovative R+D for low cost solutions. At least those would be the things I personally would vote for. 
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin for Good on: December 21, 2020, 03:49:08 AM
I don't really know about the PIVX coin, but if the program reads the contents of this coin, it seems like this is very helpful for the community in improving the economy. and maybe now it's rare that a coin can really provide benefits to society.

I hear ya, that was the idea. I'm more of a reader vs a poster, but being in Crypto for 5ish years, I just noticed a lot of pump and dump schemes and coins being made for no real apparent purpose or "newness". They are just made to make the dev rich, I wanted to do something better. As a guy who ran a nonprofit for 20+ years, we always had a hard time finding money because we were so busy doing good work. The people drawn to NGO's aren't usually geared for business, marketing or finance. This makes a lot of big hearted poorly run groups and I would love to see this change. It would be awesome to make a coin that can be used and the process of using it funds them, masternodes to replenish their coffers.

As for PIVX, it doesn't need to be that coin fork, it was just a good fit at the time.
4  Alternate cryptocurrencies / Mining (Altcoins) / Re: Solar panel mining without battery backup on: December 21, 2020, 01:30:09 AM
When you say you have some solar panels, is that 2 harbor freight panels or an array on your roof? Here is the general idea.

Use a solar resource map to find how many killowatts/m2/day your location has annually. Let's say it is 5 kwh/m2/day. If this doesn't have battery backup your system is net metering with a annual credit. If you have a 5kw system you will produce 25kwh/day on average, in the northern hemisphere expect half of that in winter and double that in the summer. If you use 20kwh/day on average throughout the year you have 5kwh/day of usage left in your credit to maximize annually.

5kwh/day /24hrs of mining is 208.3W of mining per hour. This is very little for mining. Were talking about 1 low grade FPGA on a 300W computer running fairly idle. 1 GPU running on a decent rig is about 600W or 14.4kwh/day or a 2.9kw solar system. Not much of a rig.

Solar can work. but you need a large array. Mining is very intensive electrically. If you have hydro, you could potentially use a 7kw hydro system to be able to run at least 2 fast ASICs for similar costs.
5  Alternate cryptocurrencies / Altcoin Discussion / Coin for Good on: December 21, 2020, 01:05:59 AM
Hey guys,

A few years back a friend and I played with a coin that supports people who do good. The premise was to make a coin that was intentional for providing a better world, ie a coin with a purpose not to make money. Here were our requirements:

1. Support individuals and NGO's that provide services that directly help people or to help their situation directly
2. Proof of Stake so that we aren't contributing to greenhouse emissions, pollution and electricity availability
3. Masternode to help creating NGO's ability to be self sufficient
4. A voting body built in the coin to allow users of the chain to support their projects and prevent people from stealing from the community.

Our distribution was that each block would be funded

50% to funding individuals or NGO's
30% masternode/share distribution
10% to support the network development
10% advertising

We started it, ran the coin off a fork of PIVX and it went well, but we closed it due to needing more technical expertise. We also didn't make this public, it was just between me and a buddy for a year.

This idea keeps me wanting me to do it though, would anyone be interested this project or know of another project I could join that has similar goals?
6  Alternate cryptocurrencies / Altcoin Discussion / Re: What's wrong with Altoins on: April 20, 2020, 09:54:22 PM
It's true, that is what I've seen also. There is a ton of coins just being duplicated and people trying to make a quick buck. So sad for such a cool technology that could really help people out.
7  Alternate cryptocurrencies / Altcoin Discussion / What's wrong with Altoins on: April 20, 2020, 07:19:20 PM
Hey guys,

I have been in crypto for about 3-4 years, a few years before the "big one". I started in LTC mining, then a bit of bitcoin, then several altcoins, did the FPGA (and still do a bit) thing with altcoins, made some monitoring software, worked with people to build mining farms, built other management and trading programs and finally a coin. So I've been around the block a bit, but not a huge amount on the blockchain dev side. So here are the things that I see wrong with coins and tokens at this point, I would love to get your input on this from your experience too.

[stepping up to the soap box]
Most of the coins developed (including mine were) as test of how the coin works, so that we can look under the hood and see how this technology can be used, broken, hacked, maintained and operated. The goal was learning so that I can help the community, learn a skill, and be valuable in some way, but I had MASSIVE rejection from peer developers as being unworthy or being untrustworthy. I knew why, as I've seen it a bunch, here are the reasons people stick with Bitcoin or major altcoins vs newbie coins.

1. It is undeveloped idea, that isn't new and doesn't add value. A coin to make the developer rich, so he is looking to get adoption and pump and dump it.
2. The developers have no skill to develop this into what they want, neither does their team
3. They have no plan to get this to be used outside their basic pipe dream whitepaper
4. IT IS A CLONE, doesn't do ANYTHING new and has no value other than to the dev, kinda like #1
5. To create value it needs to do a few things
     footnote- Have value - it needs to be traded for goods or services easily and actively, and inexpensively
     a. Needs to be useful - we have fiat, if the gov is strong, we need motivation to use this risky payment system
     b. It needs to be as easy as cash, but better.
     c. It needs a large user base of people USING it as money, not just for trading
     d. Cash is nearly free to use, free locally and nationally, but has fees internationally. We are winning in crypto internationally but what about your local grocery store? Nope. I lived on Bitcoin the biggest cryptocoin for only a few days because it was so hard to use. It was very expensive to use also, huge fees. Many altcoins has solved this problem.
6. We need to adopt more coins that are PoS vs PoW, mining is too hard on the environment, this energy could be used better. PoW is not on my list of "good" things we need in this world.
7. Our coins aren't doing anything for society. It is just a different type of money, what if it could be more?

What could we do to make crypto used, that in using it we could help people? I brought this here, because I wanted the community to just be open about whats wrong with the way we are doing things?

As I stated we made a coin, it was #2,3 and #4. This coin is DEAD btw, so I am not selling anything here, but I loved the "idea". The idea was a coin to help people and nonprofits do good in the world. The idea was a fork of PIVX that had 50% of the PoS stake go to a foundation account where members using the coin would vote for their favorite nonprofit or person who needed money. The fund would send them money and help them get a masternode going to help them make money every month to help more people. The more people use the coin, the more votes they get based on transactions and balance. I ran a nonprofit for 23 years and funding was our primary problem. We were great at helping people but terrible about asking money, most do-gooders are. I was hoping we could build a coin that would allow people to just do their normal life, buy and sell things and the transactions/staking would automatically help the people they couldn't normally help AUTOMATICALLY. We built a prototype and it worked, but after a few issues we realized we couldn't support it or be confident in it's security because we didn't know how it worked completely. We felt it would be dishonest to encourage people to use it (take their money) and then either close the coin, or lose their money unintentionally, both essentially stealing so we closed it due to our lack of technical ability.

Anyway -- that was our idea, what about you? What do you think are the problems? What idea do you have that you think would help real people?
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: DIY FPGA Mining rig for any algorithm with fast ROI on: December 17, 2018, 01:08:40 AM
Hey guys,

I have a few articles we have been working on, we have a getting started guide with resources of where you can grab the bitstreams per card, and a few reviews for the VCU/BCU, TUL's BTU9P and CVP-13. Here is the first one of 3 being published in the next few days.

This is a review on the CVP-13, hardware specs, bitstreams, hashrate, cost and ROI. Feel free to hit me up if you have any questions. I am not affiliated with Bittware, just providing helpful content as we have gotten a ton of questions recently and wanted to give it out to others who may have similar questions.

https://www.freelearner.how/2018/12/13/bittware-cvp-13-fpga-miner-review/

https://www.freelearner.how/2018/12/17/tul-btu9p-fpga-miner-review/

Hop on and tell me what you think!
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: DIY FPGA Mining rig for any algorithm with fast ROI on: August 17, 2018, 07:48:08 PM
Hey guys,

I wanted to let you know that whitefire has released bitstreams for according to https://fpga.guide/en. Building these bitstreams are pretty intense, but whitefire has been activly working with everyone on the discord channel which is listed on post 1. Hop on and see all that is happening it is pretty great!
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: Acorn M.2 FPGA based GPU Accelerator on: July 20, 2018, 10:46:08 PM
Hey guys,

This thread is pretty large and has gone over lots of options, some of these leading toward confusion. So I went through every post on here, and every article, along with Squirrels Research Labs website and made an article that I hope clears some unknowns up. If you could take a look and see if I missed anything that would be great.

https://www.freelearner.how/2018/07/15/the-acorn-fpga-gpu-accelerator-the-ultimate-guide-to-enhanced-gpu-mining/

Hope all is well.

Sincerely,

Abe
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!