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1  Alternate cryptocurrencies / Altcoin Discussion / The Problems With Cryptocurrency Mining: Energy Use & Centralization on: August 09, 2019, 05:02:59 PM
Proof-of-work mining has a few serious problems. Every day, networks like Bitcoin, Dash, and Litecoin become evermore centralized. Industrial-scale mining operations that burn through electricity have put the power to control the networks in the hands of just a few. Individual miners have to rely on mining pools to compete. But mining pools themselves also act as a force for network centralization.

Mining is quickly becoming more of a problem than a solution. Even long-standing pillars of the community are speaking out against it. But a few young projects are working hard to out innovate these challenges, and each one has a different solution.Most mining today is done by massive, factory-style operations. A popular destination for such operations is Iceland. The government of Iceland has warned that they are running out of resources to feed the endless demand for more energy for mining operations. In fact, they have stated that if they allowed every investor or company that wanted to start such an operation to do so, they would be totally unable to keep up with the demand.

At the moment, there are some obstacles between different crypto chains. To eradicate these problems, we need to connect chains with multi-currencies integration. When it comes projects who are solving these problems, ChainX would be the best. ChainX is an Inter-chain hub for digital assets breaking barriers among assets in different chains and creating the ecosystem of multi-currency integration. ChainX is aiming to be the gateway of various inter-chain assets.

BTC has established the most widely accepted consensus, but its transaction efficiency is low; ZEC has enabled privacy protection, but smart contract is not incorporated; ETH has smart con-tract, but it cannot migrate to the PoS system; ChainX can transfer all assets across chains in a decentralized way. Chains that have connected with ChainX can enjoy asset connectivity with all chains.

The PoW algorithm issuing new cryptocurrencies based on the mining power is considered to be a relatively decentralized and fair distribution model, but it is still prone to be monopolized by big miners, leaving ordinary users no choice but to buy mining machine at high prices. The PoS chain generally has a large private offering or setting up a fund to issue cryptocurrencies. After the launch, it only issues additional tokens to users with voting power, resulting in new users resorting to the secondary.

Bitcoin mining uses too much energy

You may have heard this argument before, but Bitcoin mining is consuming an increasingly large percentage of the world’s energy. Today’s estimates suggest that mining operations are now consuming as much or more electricity than the entire nation of Denmark. While it’s not enough energy consumption to cause a global catastrophe, it is quickly becoming a serious problem.

Secondly, ChainX Token Economy

The token of ChainX is PCX, 21 million in total, with output halved every two years. No private offering or pre-mining will be launched. 20% of total PCX issuance in the first two years is distributed to the development team for research and development, after that all issuance will be distributed to the community. 90% of the total will be owned by the participating users through assets mining with only 10% for the founding team.

Thirdly, Asset is Power

We all know that the measurement of POW mining power represented by Bitcoin is the computing power, namely One CPU One Vote. The measurement of PoS mining power is the amount of coins, One Coin One Vote. ChainX pioneers the asset mining model of “One Asset One Vote”, which means that users can participate in ChainX Staking by simply depositing cryptocurrencies and they can get PCX. Asset value is the only voting power.

What’s More, the Reward Calculation !

Here is the recent calculation result.
SDOT PoS mining revenue (DOT mapping)
10,000 SDOT day theoretical income: 31.9 PCX
Converted to USDT: 510.4 USDT
Daily rate of return: 3.64%
Annualized rate of return: 1328.6%

How to calculate?
The PCX generated will flow to three reward pools.
1. BTC deposits pool
2. DOT mapping SDOT pool
3. Nodes’ PCX votes pool

In the ChainX system, voting is used as the computing power of mining. Voting is divided into “virtual voting” and “real voting.” Users are rewarded with PCX according to their voting weight or computing power.

BTC deposits :virtual voting power
After BTC is deposited, the virtual voting power is obtained according to the BTC/PCX average price generated in the Chain X currency trading system, and the voting power will have a further 50% discount.For example, if one BTC equals 100 PCXs and with 50% discount to be imposed, then depositing one BTC means 50 PCX virtual voting power.

DOT mapping :generating virtual voting power
After DOT is mapped into Chain X and becomes SDOT, SDOT will obtain the voting power of 0.1PCX.For example, if you map 100 DOTs, you can get the virtual voting power of 10 PCXs.

PCX voting (generating real voting power):
In the first cycle, everyone does not have PCX, but in the second cycle, users can vote PCX to their favorite nodes to get the corresponding PCX voting power.
2  Alternate cryptocurrencies / Altcoin Discussion / ChainX: The First Polkadot Eco-Chain on: August 09, 2019, 12:51:29 PM


The ChainX mainnet was launched on May 25, 2019. It is the first Polkadot eco-chain based on Substrate technology. In order to preheat the polkadot ecosystem, chainX has opened a green channel for polkadot investors.

Firstly, Let’s get to Know ChainX and Polkadot.

Polkadot makes inter-chain information exchanges possible and ChainX is mainly focused on inter-chain assets like BTC, ETH, BNB and other digital currencies to transfer these assets from their original ecosystem to the future inter-chain ecosystem. ChainX will operate as an independent chain before Polkadot goes live. After Polkadot goes live, ChainX will connect to the Polkadot network via a para-chain.

Secondly, ChainX Token Economy

The token of ChainX is PCX, 21 million in total, with output halved every two years. No private offering or pre-mining will be launched. 20% of total PCX issuance in the first two years is distributed to the development team for research and development, after that all issuance will be distributed to the community. 90% of the total will be owned by the participating users through assets mining with only 10% for the founding team.

Thirdly, Asset is Power

We all know that the measurement of POW mining power represented by Bitcoin is the computing power, namely One CPU One Vote. The measurement of PoS mining power is the amount of coins, One Coin One Vote. ChainX pioneers the asset mining model of “One Asset One Vote”, which means that users can participate in ChainX Staking by simply depositing cryptocurrencies and they can get PCX. Asset value is the only voting power

What’s More, the Reward Calculation !

Here is the recent calculation result.

SDOT PoS mining revenue (DOT mapping)
10,000 SDOT day theoretical income: 31.9 PCX
Converted to USDT: 510.4 USDT
Daily rate of return: 3.64%
Annualized rate of return: 1328.6%

How to calculate?

The PCX generated will flow to three reward pools.
1. BTC deposits pool
2. DOT mapping SDOT pool
3. Nodes’ PCX votes pool

In the ChainX system, voting is used as the computing power of mining. Voting is divided into “virtual voting” and “real voting.” Users are rewarded with PCX according to their voting weight or computing power.

1.   BTC deposits :virtual voting power

After BTC is deposited, the virtual voting power is obtained according to the BTC/PCX average price generated in the Chain X currency trading system, and the voting power will have a further 50% discount.For example, if one BTC equals 100 PCXs and with 50% discount to be imposed, then depositing one BTC means 50 PCX virtual voting power.

2.   DOT mapping :generating virtual voting power

After DOT is mapped into Chain X and becomes SDOT, SDOT will obtain the voting power of 0.1PCX.For example, if you map 100 DOTs, you can get the virtual voting power of 10 PCXs.

3.   PCX voting (generating real voting power):

In the first cycle, everyone does not have PCX, but in the second cycle, users can vote PCX to their favorite nodes to get the corresponding PCX voting power.

The percentage of rewards that individuals can receive is (Virtual voting power of individual BTC deposits + virtual voting power of individual DOT mapping + real voting power of individual PCX votes) / (virtual voting power of total BTC deposits + virtual voting power of total DOT mapping + real voting power of total PCX votes)

3  Alternate cryptocurrencies / Tokens (Altcoins) / Transburn Announcement (Deflationary Token) on: July 21, 2019, 05:37:11 PM
TRANSBURN Deflationary Token

TransBurn is an open-source and community-driven social experiment with usecase.



Why TransBurn?

Transburn token is specifically made for dapp game transaction with a coded deflationary 1% per transaction, which means every onchain transaction 1% will be automatically destroyed. This method and application create scarcity for the transburn token to make it surge high base on the law of demand and supply.

The demand for transburn token will be relatively increase day by day because this is real usecase token that's back up by decrease in total supply upon any transaction made on chain. The more the awareness and interest of blockchain users get involves in usage of transburn the more the velocity of transburn ascending. Transburn is created by blockchain enthusiasts who believe in creating new ideas for the improvement and betterment of block chain industry whereas give the Crypto community to take care of the transburn by promotion and application of marketing strategy. Therefore transburn is largely own by its users and community who believe in new ideas and innovations.

NB: Participating in this experiment does not present an offer for ordinary shares of any entity and token holders are not entitled to or promised any form of dividends/financial rewards. Tokens are not intended to constitute securities in any jurisdiction.


Note: I am not a part of the Transburn team and am not a point of contact for this project. For any questions related to the project, kindly contact the team members via TransBurn
4  Alternate cryptocurrencies / Announcements (Altcoins) / [IEO] Hiway - Platform Explanation & IEO Announcement on: June 05, 2019, 06:32:19 AM

The Product

The Hiway platform is a blockchain tailored marketplace for work. It builds on a few of the most innovative and progressive technologies emerging from the Fourth Industrial Revolution: big data, blockchain and artificial intelligence. Hiway serves both the employee and the employer, empowering those looking for a job or wanting a job done in equal measure. Hiway aims to have a user-friendly platform that is accessible for multiple industries in multiple languages across the globe. A comprehensive yet easy to use platform will help accelerate the growth in the blockchain industry.

Unlike the traditional employment marketplace, our platform will be able to offer the employee flexibility in projects such as working with others as a team and time bonuses. Smart contracts have parameters set that create a much more honest, fair and flexible experience for all parties; an increase in efficiency is inevitable.

Hiway aims to have a user-friendly platform that is accessible for multiple industries in multiple languages across the globe. A comprehensive yet easy to use platform will help accelerate the growth in the blockchain industry.

IEO Sales

It’s official! We are delighted to share the news that Hiway will team up with two blockchain focussed exchanges to open up to the possibilities of an IEO. To build towards the next step in our growth, Hiway will collaborate with both ExMarkets and Dcoin in bringing the WAY token to a larger audience.



To fund the development of this project, a token sale will take place. Divided into two rounds - private sale & our IEO. The sale process will include 53% of total WAY tokens (Hiway’s bespoke payment solution) sold to prospective users of the platform.  The Two Stages are Private sale & IEO


Private sale
300.000$ cap & +- 20% equity bonus.
7.500.000 WAY tokens will be sold during this stage
Average USD per token: 0,04
This sale is executed & filled in 2018 and Q1 of 2019.


Main Sale
400.000 $ cap;
10.000.000 WAY tokens will be sold during this stage
USD per token: 0,04
Start dates;
3 June 2019 on Dcoin exchange
7 June 2019 on ExMarkets exchange
Both sales last 2 weeks. Total hard cap; 700.000$




More information

For more detailed information, please visit our website: https://hiway.io

Read our whitepaper: https://hiway.io/downloads/HIWAY_white_paper_v1.2.pdf

Social media:
https://www.facebook.com/hiwayofficial/
https://twitter.com/hiwayplatform
https://www.linkedin.com/company/hiwayofficial/
https://medium.com/hiway-official


Our community chat: https://t.me/hiwaycommunity

Are you interested in our project? Be sure to join our community chat in Telegram! Or, if there is an interest in terms of collaboration or other business proposals, contact us on contact@hiway.io.
5  Alternate cryptocurrencies / Altcoin Discussion / ⚡️⚡️ [ANN] ⚡️⚡️ Bomb Token Telegram Sticker Contest on: May 14, 2019, 08:21:49 PM


It has been an eventful few months since our initial distribution, and the birth of Bomb Token — the worlds first self-destructing currency. As always, we envision the project being ran by the community and are happy to announce a series of contests for all users to participate in over the coming months.

For contests and rewards, we have our BombUp initiative and you can join the telegram channel at https://t.me/bombup

Recently we launched the Bombassadors group — An ambassador group for the development of Bomb Token. This group has a primary focus on the principles of awareness and education. To learn more and become apart of the community - join the telegram channel at https://t.me/bombassadors

Sticker Contest Details:

The creation of custom stickers for the Bomb Token telegram channels, this is just one of many community activities that we are launching. The rules are simple:

  • The stickers created have to relate to Bomb Token & our community.
  • Design, make it pretty, funny, special, or anything you like. Just keep it respectful!
  • Image File: PNG
  • Image Size: 512 PX x 512 PX
  • Sticker background has to be transparent.
  • Complete Entry Form
  • We will review all submissions and add them to our official sticker pack!

How to participate:

  • Create your own Bomb Sticker.
  • Make sure to follow the instructions! We will not accept stickers that are not Bomb related or exploiting one of our rules.
  • Once you are done, register with this form: https://forms.gle/W236WC1cvBzBprHU8
  • Upload your sticker to the telegram group(https://t.me/bombup)
  • Share your sticker creation on Twitter with the hashtags #bombup #bombstickers and tag us at @Bomb Token
  • Share your sticker creations on Reddit and be sure to tag us at r/bombtoken.
  • Do not copy others work! If someone already uploaded the same sticker as you, we will disqualify you from this contest.
  • The contest ends on May 17th, 2019.
  • Prizes will be distributed by May 20th, 2019.

Entries will be reviewed at the end of the contest and the winners will be announced on the prize distribution date.

Contest Rewards:

1st: 150 Bomb

2nd: 75 Bomb

3rd: 35 Bomb

4th: 25 Bomb

5th: 15 Bomb


------------------------------------------------------------------------------------------------------------------------------------

Sticker How to Guide: https://telegramhub.net/how-to-create-your-own-sticker-pack-for-telegram/

Note:

We will never ask you for your private keys. The winners will be announced on Twitter and our Telegram channels. Contest reward tokens will be tipped to you in our https://t.me/bombup https://t.me/bombtoken channels utilizing the parjar bot.
6  Alternate cryptocurrencies / Altcoin Discussion / Ontology Network - Sharding Potentials on: April 22, 2019, 08:02:19 AM
I have come long enough in the blockchain to realize its value potentials and it needs for much more global recognition. I have witnessed first hand the impact of this technology on human life especially in the areas of humanitarian services as seen in the Venezuela economic crisis caused by really high hyperinflations never witnessed in the country history. This result in the dominance of $BTC and altcoins(DASH) over its country currency - Boliver



Subsequently, a user created a subreddit seeking for this financial aid and got the /bitcoin Reddit community funding and tipping $btc to help suffering people at least live a normal life. This and a lot of other examples explains the power of the blockchain which cryptocurrency is its biggest industry even now.

However, this is not without its own unique problem. Bitcoin and Ethereum have low transaction speed compared to legacy companies like MasterCard and Visa card. This has imposed a huge problem to adoption in the following ways.

- Slow Block Generation Speed: Blocks are generated per transaction during blockchain operation each block in the blockchain contains its previous block’s hash, which helps to connect the adjacent blocks, consensus can only be achieved one block at a time with only limited transaction stored. This is a slow process as there is a need for even much more efficient consensus process.

- Low Processing and Storage Capacity: As more network and mainnet use up the blocks, the storage capacity intended to store hash becomes filled up causing each node to store all data and process-related transaction slower. This is good for security but slow for scalability.

- High Fees: During the peak time of blockchain protocol usage. The speed of transaction is mainly determined by a high fee for each transaction execution. As more dapps are created and more users use the protocol, blockchain nodes are required to process a greater volume of transactions and store more large data.

The solution to this problem is SHARDING: Sharding is regarded as a powerful blockchain scalability
solution. There are two kinds of sharding methods, which are state sharding and transaction processing
sharding. This splits up the load into different shards and ensures there is not much load carried on each shard. This is a very efficient process as it ensures that large data are split into smaller easily executed data.

Consequently, Ontology Sharding application offers solutions to the problems currently faced in the blockchain today. Ontology network is implemented with smart contracts and surprisingly uses smart contract as the basic sharding unit will implement both state sharding and transaction process sharding for much more efficient scalability process for transactions and operations.


7  Alternate cryptocurrencies / Announcements (Altcoins) / Blocktek University - Cryptocurrency education made simple on: March 13, 2019, 03:16:34 PM


Welcome to Blocktek University, the number one blockchain e-Learning and blockchain services platform!
————————————————————————————————————————————————————————————————————————
What is Blocktek University?

Blocktek University aims to provide FREE cryptocurrency education to the masses.



All courses are tracked and stored directly on the Blockchain. NEVER AGAIN will you have to worry about missing transcripts, false reporting or proving your educational background to potential employers. Beginner level courses pay a small fee in $BKU to list their certificate on the blockchain, advanced courses are automatically tracked and stored on the blockchain. IRREFUTABLE. FOREVER



F.A.Q

What Function Does Your Token Serve?

The BKU token is for use solely for BlockTek University products. Our token functions in two ways. One of these ways is as a payment token – Users taking advanced level courses must pay in BKU. This is the only payment method we accept. Instructors are also paid in BKU. Our token also functions as a tracker recording students progress directly to the blockchain and storing certificates of completion.

Why Didn't You Have An ICO?

Our tokens are used within our products and services, we didn’t want users hoarding tokens for speculative reasons especially tokens they could not use immediately. We aim to release our tokens slowly to match the number of users and instructors on our platform. The team will release no more than 10 million tokens into circulation each quarter. We believe in building a sustainable business model for the future and proving our worth – not just our ideas.

What Have You Accomplished This Far?

Without funding we’ve designed our learning platform, designed and deployed our own payment gateway for our tokens, launched an instructor portal and have released the beta version of our on chain progress tracking that is available for students to use today.

What's The Maximum Supply Of The Token?

The maximum supply of the token is 150M. Users who currently hold NTWK Token will receive 3 BKU for every 1 NTWK they swap.





Resources
———————————————————————————————————————————————————————————————————————
Platform Overview: https://www.blocktek.university/overview.pdf
Website: https://blocktek.university
Telegram: https://t.me/blocktekuniversity
Twitter: https://twitter.com/blockteku


Find Us On Exchanges
————————————————————————————————————————————————————————————————————————————————
Idex: https://idex.market/eth/bku
Etherdelta: https://etherdelta.com/#0x60b5aa3334185d72eed79ac5ffc9870e98f502eb-ETH
ForkDelta: https://forkdelta.app/#!/trade/0x60b5aa3334185d72eed79ac5ffc9870e98f502eb-ETH
8  Alternate cryptocurrencies / Announcements (Altcoins) / Neuroneum - Advance Cloud Computing and Crypto Mining Technology on: December 29, 2018, 07:18:24 AM
Combining the power of cloud computing, crypto-mining, and a decentralized marketplace

Turn your idle computing power into passive income and earn a good sum of amount with instant trading on the decentralized exchange. Neuroneum also offers Neuraling Card, a cryptocurrency card with the ability to withdraw Crypto into Fiat instantly.



Neuroneum is the first fully decentralized cloud computing network that combines cryptocurrency mining with a worldwide market for computing power. The platform is ideal both for software developers and for first-time miners. Income is earned by supplying computer power either to mine cryptocurrency or to be sold for commercial computational uses.



Neuroneum gives customers the ability to mine conveniently, from their homes, and to spend their profits instantaneously via the Neuralink Card — a Visa/MasterCard issued debit card with minimal fees, optimal interbank exchange rates, and inroads to over 30 million retailers around the globe.



The net result is that Neuroneum combines maximum profitability, adaptability, and efficiency into a multi-market platform designed for all skill levels.

Check Out Video Link Explaining Neuroneum:https://www.youtube.com/watch?v=oJxXeA_E50M&t=50s
Website: https://neuroneum.io/


Share Your Opinion
9  Alternate cryptocurrencies / Service Announcements (Altcoins) / BITKER EXCHANGE - Your One Stop Digital Asset Management Platform on: November 16, 2018, 08:48:17 PM
BITKER is your one stop exchange for global asset management services


Airdrop For New Users!!

900000 ETA to Give Away
Rewards for registration and trading ETA: ETA Special Incentive

Airdrop to new users and existing active users :
Starting from Nov 13, 00:00 (UTC+8), new users (max. 3000) will get 90 ETA each as registration reward. (multiple registration is not allowed and will be flagged). Active users (trading at least one time during last 7 days) will get 90 ETA each (max. 5000)

Trading Reward:
ETA will join current PLUS joint trading competition. Starting from Nov 13, 00:00 (UTC+8)- Nov 20, 00:00 (UTC+8), any ETA trader will be rewarded 90 ETA regardless of the trading amount on next working day.

Follow Resources

Facebook: facebook.com/bitkers
Twitter: twitter.com/Bitker1

Join Telegram Group Here  https://t.me/BITKER_oversea
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