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Economy / Economics / Banks Consume Over Three Times More Energy Than Bitcoin!
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on: August 23, 2018, 11:08:38 AM
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Interesting article in Bitcoinist: According to Katrina Kelly-Pitou, the popular debate on whether or not Bitcoin’s network electricity consumption is causing serious damage to our climate is not headed in the right direction. Kelly-Pitou is a clean energy technology researcher at the University of Pittsburg, Citing recent studies, which suggest Bitcoin dramatically increases the consumption of electricity on a global scale, Kelly-Pitou claims that experts are failing to understand some of the basics behind renewable energy systems: Electricity production can increase while still maintaining a minimal impact on the environment. Rather than focusing on how much energy Bitcoin uses, the discussion should center around who indeed is producing it – and where their power comes from. While she doesn’t neglect the substantial amount of electricity used for Bitcoin mining, she also notes that banking alone consumes “an estimated 100 terawatts.” This is a little bit more than three times the energy Bitcoin mining consumes. She also makes an interesting claim, assuming 100x increase in Bitcoin’s current market size. Kelly-Pitou notes: If Bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2 percent of all energy consumption. The whole article: https://app.algory.io/app/cryptonews/81214/banks-consume-over-three-times-moreWhat do you think about it? On Twitter someone said: "Now... let's talk about how banks destroy environment, shall we?" But the fact is that banks process much more transactions than blockchains now. What would be the real energy consumption if all transactions (processed now by banks), would be in blockchain?
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Bitcoin / Development & Technical Discussion / Bitcoin ATM Malware Found For Sale In The Dark Web!
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on: August 10, 2018, 01:09:06 PM
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Bitcoin ATM Malware Found For Sale In The Dark Web!Dark Web vendors are now selling malwares specifically designed to target bitcoin ATMs, according to cybersecurity firm TrendMicro. In the blog post, the cybersecurity firm cites an advertisement posted by an “apparently established and respected” user on a darknet forum. The malware reportedly exploits a service vulnerability of bitcoin ATMs that allows the user to receive bitcoins worth up to 6,750 in US dollars, euros, or pounds. At a cost of $25 000, the package includes, “a ready-to-use card that comes with EMV and near-field communication (NFC) capabilities.” The seller has reportedly received over 100 online reviews both for the malware and other products. Another thread reveals that the seller is also offering regular ATM malware that has been updated for EMV standards, a global standard for credit and debit payment cards based on chip card technology. According to other comments on the thread, the malware works by exploiting a menu vulnerability to disconnect the bitcoin ATM from the network in order to disable alarms. More https://app.algory.io/app/cryptonews/52071/bitcoin-atm-malware-found-for-sale-inWhat do you think about it? Everything can be hacked? And is it only the matter of time when we see the news that XYZ hardware wallet has been hacked or sth like that?
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6
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO]520 000$ ALGORY - Multifunctional tools for cryptocurrency trading
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on: February 07, 2018, 09:11:17 PM
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What is the initial price for a token?
ICO price was 1000 ALG = 1 ETH, later they triple tokens for investors so automatically it was 3000 ALG = 1 ETH. But, it is probably impossible to count, because we don't know how many tokens was airdroped and developers still keep not sold tokens. The worst thing is that they don't want burn them, so in any moment can drop them on market. Please don't spread false informations. They announced what they do with unsold tokens: Option one The first option is to leave some of them (and burn the rest) to complete a post-sale later (in at least a couple of months) to ensure further financing into the company when we develop new key features for the products. In this option — the amount (based on current ETH price) will not be great than 20–30% of unsold tokend. Rest will be burn Option two The second possibility considered by the company is to burn all tokens if the revenues of the company resulting from Premium access to the Algory platform are at a level that enables further fast growth of the project. Note! Please note that unsold tokens will not be available for sale on cryptocurrency exchanges and the company will not have them included in free trade. The only possibilities for their use are indicated above.
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO]520 000$ ALGORY - Multifunctional tools for cryptocurrency trading
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on: February 04, 2018, 10:39:11 PM
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Ladies and Gentlemen!
As I know, the bounty distribution has started! Tokens should be on your wallets soon, I think - until the declared date (the end of 5th February). Please don't write here tomorrow questions regarding transfers - Dev Team has started sending tokens.
I confirm when it is finished and then, if anyone have questions regarding his/her transfer, I'd really appreciate sending it via e-mail. This way, the solution of each issue will be sped up!
Thank you Bounty Manager
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO]520 000$ ALGORY - Multifunctional tools for cryptocurrency trading
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on: January 26, 2018, 08:52:05 AM
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Dear Participants, Total amount of Algory tokens has been counted. Thank you very much for your huge commitment to spreading information about the Algory project. It was a pleasure to work with you all!!! Kind regards, Algory Bounty Manager
I've check Algory medium blog and saw that they have announces an Airdrop of additional tokens for ALG token holders, they will take a Snapshot of the Ethereum blockchain at block 4982845 (approximately 27th January 2018 at 14:00 UTC — depending on ETH block time) ...
so , May I know that we'll receive our bounty reward before snapshot or we can't join airdrop ?
Dear ccsang, Bounty participants are not eligible for the airdrop. Dear participants, ... After 72h there will be calculated quantity of ALG tokens, after which there won't be opportunity to correct something. If you don't send an email with request about correction within 72h we will treat your data as correct. ...
It seems that the manager has a lot to do to get everything sorted as it should be, but is there any chance that tokens will be released before 7th of February?
Of course, there is a chance So 72 hours already passed. When we can expect tokens distribution? Actually i expect that you will release transfers today or tomorrow - before airdrop!? Dear kotwica666, Tokens for sure will be transferred before the 5th of February.
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO]520 000$ ALGORY - Multifunctional tools for cryptocurrency trading
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on: January 22, 2018, 07:36:19 AM
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Dear participants,
Please look it the table named 'TOTAL ALG' in the spreadsheet https://docs.google.com/spreadsheets/d/1HnAMWemhwfewb7EGRd6pYY1GhyTx67HyQohBxV7-c-g/edit?usp=sharing In case of any mistakes please send me private message or send an email to bounty@algory.io. I will be waiting for your messages 72h from now. Please check carefully your wallets addresses and number of stakes. After 72h there will be calculated quantity of ALG tokens, after which there won't be opportunity to correct something. If you don't send an email with request about correction within 72h we will treat your data as correct.
For those whose data isn't correct. If your Facebook or Twitter stakes are wrong calculated, please send me the missing report in appropraite form. Not the link to the report. It will speed up the process of verification. If you have any objection, please send me the message, no message will remain unanswered.
The last information is for users who are still sending me reports... the bounty campaign has been finished. Your stakes for 9th week and 10th week won't be calculated but we appreciate that you spread the information about Algory
Kind regards, Algory Bounty ManagerIn the spreadseet twitter campaign I have less than 200 folowers, which is absolutely not true.Therefore, I have not been rewarded.that's not nice
It has been updated. Please send us the report if your stakes hasn't been calculated. It seems that the manager has a lot to do to get everything sorted as it should be, but is there any chance that tokens will be released before 7th of February?
Of course, there is a chance Hello,
Is it possible to change my wallet adress? My wallet doesn´t support tokens, only coins...
It is a Ethereum wallet but I really don´t know if is going to work.
So I better change to MEW now.
Yes, it is possible, please send me PM or mail with your new address.
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO]520 000$ ALGORY - Multifunctional tools for cryptocurrency trading
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on: December 30, 2017, 01:22:39 AM
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Dear participants,
Spreadsheet has been updated, you will find stakes for 6th week from campaign A, B, C, D and for 5th week from campaign E, F.
Important!
If your stakes for 5th week Twitter and Facebook campaign wasn't counted (not appropriate report) it means, that our scanner didn't find words: Week Number: 5/Week Number:5/Week Number: 5th/Week Number:5th/Week Number: #5/Week Number:#5 in your report.
In such case please edit your report and add in the content of your post the sentence: "recheck previous week", otherwise your report won't be checked. If you do this, your stakes will appear parallel with the stakes for 6th week.
Meanwhile, please check if your reports for 6th week has the sentences: Week Number: 6/Week Number:6/Week Number: 6th/Week Number:6th/Week Number: #6/Week Number:#6
Thank you, Algory Bounty Manager
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY][ICO]520 000$ ALGORY - Multifunctional tools for cryptocurrency trading
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on: December 22, 2017, 10:42:47 PM
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Dear participants, I apologize all bounty participants for delays. I am back Even in situation of my few days absence, you can be sure that bounty campaign is going on. All the reward will be transfered regardless of quantity of sold tokens. Our team work hard all the time, we have noble goal to finished our tool even faster than we announced.High time to announcements:Firstly I would like to announce that tommorow the forum will be scanned in order to download all of your reports from 5th week. Please check if your posts are correct, namely include the sentence: Week Number: 5/Week Number:5/Week Number: 5th/Week Number:5th/Week Number: #5/Week Number:#5. It is very important to include in the reports one from the six sentences above, otherwise you wouldn't get the stakes. For people who won't publish appropriate report till the 16 PM CET time, please send your report at mail bounty@algory.io (it also should contain one of the six sentences above), but your stakes will be counted a little bit later. Secondly, registration for campaign A is open. Users who apply will be on the reserve list. If there will be free place, we will contact with the user with the highest rank and propose participating in the campaign. Thirdly, we are welcome to taking part in the Reddit Campaign!!! There is an small update: You can write the comments not only on /r/AlgoryProject, but also on another subreddits related with ICOs and cryptocurrencies! We don't require also the 2 months old accounts, it's enough if you have 100 post karma and 30 comments karma. All of the present users will get extra 20% stakes for participation. Finally I would like to answer for all of the questions which appeared on this forum:To Fastenprofit:As Junior Member you can join signature campaign, but you have to get acceptation, due to limited quantity of place. In case of acceptation, priority have the users with higher rank. To Pingrabazar01:We require maximum one retweet per day and at least 3 per week. To Natasha95:There was temporary problem with the spreadsheet, now it should be everything ok. To sestan, gawlea:Yes, bounty going on. I am really sorry for the delays. To sPREMs:If you don‘t have your reward please write about the problem on PM or at bounty@algory.io, I’ve changed the number of your followers. To ralukony:No worries. The product will appear regardless quantity of sold tokens. Also the tokens earned on the bounty campaign will be transfered as we announced regardless quantity of sold tokens. To Vika12345The spreadsheet has been updated. It should be ok now. To StefaniiMoet:In case of any problems, please write at bounty@algory.io or PM on bitcointalk and send the link to your report. To kravas86, Galina12, xpashtetx, Nita91, AlekseyGrin:The spreadsheet has been updated. To mainconcept, kraterion:You don’t have to report your work in Reddit campaign To GreatBugWe are priority accept the users with high rank, you are on the reserve list.
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