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221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Feathercoin [FTC] - time proven, fast, secure and unique POW coin on: October 10, 2016, 08:59:13 PM
Price is pretty low at the moment, pretty good spot to buy in.

Also, in regard to the question about pools, I run a P2Pool node hosted in the east coast USA. 0% fee at the moment. http://104.236.34.9:19327/
222  Alternate cryptocurrencies / Pools (Altcoins) / Re: NiceHash multi-algorithm SOLO mining pool [BTC/LTC/DASH blocks found!] on: October 07, 2016, 04:34:13 PM
Hye all. I just want to know if my miner is only got k/h, how much my percentage to earning block of bitcoin.

Thanks
You've got a better chance of stepping in fresh dinosaur crap while being struck by lightning.

Thats an interesting and probably quite accurate way to put it.
223  Other / Politics & Society / Re: No Trump or Clinton? whose left? Who would you vote for? on: October 06, 2016, 02:16:19 PM
Johnson. Id vote for him because of the candidates Ive looked into, my ideas are most aligned with his. There is no one who will be 100% perfect nor is there anyone who will make 100% of everyone happy in every case so we have to try and pick someone who is most well rounded and will benefit the majority. Gary Johnson is my pick as of today.
224  Bitcoin / Project Development / Re: [ANN] - WE-ARE-SATOSHI Dynamic Art Project on: October 04, 2016, 12:46:55 PM
Awesome!  Cheesy
225  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: October 04, 2016, 12:42:27 PM
A4 is indeed a load of horrible engineering (at least from a process node and effeciency standpoint). Innosilicon substantially dropped the specs 2x at least from what the intial goal was. Now, a stated above, the A4 sits barely more efficient than the Titan and most likely - much louder. The Titan is one of the only remaining, profitable home miners - no doubt about that.
The unfortunate part is, the A4 will release and sheeple miners will flock to it and hashrate will climb =(
The good news ... at least Titans will remain relevant for the foreseeable future ... as long as LTC price remains stagnate ... there wont be much demand for more development in the Scrypt ASIC arena.
So, for now ... Titan and A4 are end game for Scrypt(which is a good position for us Titan owners).

Isnt this, in a way, expected? Not in the sense that Inno failed to meet some efficiency goals but in the idea that Litecoin (Scrypt) was to be ASIC resistant. Its true that ASICs have been designed for Scrypt (obviously) but they are not as efficient as those that were designed for SHA-256. Granted, a lot more money has been dumped into SHA-256 ASIC development compared to Scrypt but still. Maybe we are reaching the limits of what can be done with our current technology?

KNC hit a homerun with the Titan.
226  Alternate cryptocurrencies / Altcoin Discussion / Re: Trezor will add Litecoin support to MyTrezor & services! on: September 27, 2016, 02:38:23 PM
Nice positive news!

Very nice news! Now there is more reason to hold litecoins for the very very long term without worrying about the storage. Monero and the rest better watch out now, LTC is reclaiming 2nd place.

To the moon!!
227  Bitcoin / Bitcoin Discussion / Re: Is running a node getting costlier? on: September 22, 2016, 06:48:08 PM
mobile broadband is not suppose to be used as 24/7 streaming
using microsoft azure/amazon aws is not really decentralizing things..
making neither of them bitcoins real use-case scenario

but considering a home internet package using a computer, (the intended vision of decentralization)

a $350 computer(with 2tb hard drive included) today can take care of bitcoins known proposals for well well over 5 years, knowing most people upgrade computers ever 5 years anyway
remembering that bitcoin had 1mb rule for years.. if you look at the prices of a computer with atleast 500gb 7 years ago.. the price remains the same

as for internet prices, even basic ADSL / cable packages are ample speeds.
its just the case of finding the ISP that isnt crippling you with usage limits thinking you are only going to look at twitter for an hour a day.
these days ISP's shouldnt be crippling usage limits, but if yours is.. find another ISP
I've been thinking of running a node from my home, but I wonder if it's really worth it to do so?
As in, is it really needed for the network?

I have no datalimit, fast connection and a spare machine that doesn't require too much power (plus have solar panels).

Yes, if you can, do it. Thats how the network works. If we all switched off our nodes, Bitcoin wouldn't exist.

Is the world going to notice that you setup a node? No, but all of us together actively make up the network.
228  Bitcoin / Bitcoin Discussion / Re: Is running a node getting costlier? on: September 22, 2016, 05:36:16 PM
mobile broadband is not suppose to be used as 24/7 streaming
using microsoft azure/amazon aws is not really decentralizing things..
making neither of them bitcoins real use-case scenario

but considering a home internet package using a computer, (the intended vision of decentralization)

a $350 computer(with 2tb hard drive included) today can take care of bitcoins known proposals for well well over 5 years, knowing most people upgrade computers ever 5 years anyway
remembering that bitcoin had 1mb rule for years.. if you look at the prices of a computer with atleast 500gb 7 years ago.. the price remains the same

as for internet prices, even basic ADSL / cable packages are ample speeds.
its just the case of finding the ISP that isnt crippling you with usage limits thinking you are only going to look at twitter for an hour a day.
these days ISP's shouldnt be crippling usage limits, but if yours is.. find another ISP

I run nodes on old Dell Optiplex 755's (released around 2008) that I got for free from a business that was upgrading. I spent maybe $50 each on a 1TB hard drive and loaded Ubuntu on them then set them up at friends and families houses.

I do have two VPS's setup but they are too small for a bitcoin node so I use them for Litecoin and Feathercoin at the moment. They cost me $10 a month, each.
229  Bitcoin / Press / Re: [2016-09-22] Brothers Face Jail Time for Stealing Power to Mine Bitcoins on: September 22, 2016, 05:25:30 PM
Thats probably 3-400 bitcoins. Even starting in 2014 and with free electric, thats a pretty decent sized operation.

Did they just bypass the electric meter or what?
230  Alternate cryptocurrencies / Mining (Altcoins) / Re: What to mine with 1gb older cards on: September 22, 2016, 03:40:52 PM
i don't know about SIA, but in LBRY mining a 5870 can pull about 45mh/s .. you could check DCR too

will check it out.

You can Mine XMR with 4 5850 and get around $4 each day


worth taking a look, but can someone verify this? When i search it looks as if 5850 makes ~200 H, and when i check it on https://www.cryptocompare.com/mining/calculator/xmr
it claims that 4x200H (800 H) = ~ only ~2$ a day..

Regardless, it's the most interesting option to take, so i'll start with that.

Thanks for the responses so far!

Id also like to confirm this. I still have some 5850's laying around somewhere that could be put to use if they are profitable.... I just have a hard time believing they are.
231  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: ShapeShift.io - Instant Coin Exchange - No Account Needed on: September 21, 2016, 04:54:07 PM
ShapeShift is very excited about this newest partnership! Wirex, a mainstream bitcoin debit card provider, now allows users to fund their cards with Ethereum, Monero, Dash, Litecoin and dozens of other digital assets.


Learn more here: http://bit.ly/2cmsy0O



I found a typo:

Struggle no more! Wirex, a mainstream bitcoin debit card, has not only removed the need for a bank account, but their bitcoin debit card can not be funded with Ethereum, Monero, Dash, Litecoin and dozens of other major digital assets within just a few steps through their app.
Should be "now"?
232  Bitcoin / Bitcoin Discussion / Re: Return of mining for the average joe? on: September 20, 2016, 08:53:45 PM
@ranlo,

 You make some good points and I have to say that for years Ive told people its typically been better to buy coins than to invest into mining gear. I still feel this is true but no one knew that at the time. Hindsight is 20/20 so they say...  Had the price of Bitcoin not gone up then mining would have been more profitable than buying and holding. An example of just that is Litecoin. Over the past.... 2 years? difficulty has been nearly flat and price hasnt changed much. Those who are mining are making profit while those who bought coins are not gaining anything. While I feel its fair and correct to say that people would have been better off to buy coins rather than mine, I dont feel its fair to say they lost anything. You cant lose something you dont yet have.

More on topic, I dont think mining will ever really go back to the average joe as we have seen in the past. If it ever does become widely decentralized it wont be as we know it today. Id guess we would all have toasters and microwaves with mining chips in them or something like that.
233  Other / Off-topic / Re: Secure smartphone? on: September 20, 2016, 06:58:12 PM
The BlackPhone is said to be secure. Never seen any real reviews on this though... https://www.silentcircle.com/products-and-solutions/devices/
234  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: September 18, 2016, 02:08:06 PM
My understanding is that they closed up shop and sold the hardware in a "private" auction. The hardware was then bought back by KNC at said auction, i assume under a different company name or something. A few forum members found out and managed to get some for themselves.  Id assume the hardware is still mining for KNC but in a private pool or solo somewhere.
235  Bitcoin / Bitcoin Discussion / Re: One of Bitcoin's Biggest Miners is Launching a Second Pool on: September 14, 2016, 07:48:08 PM
Why cant they combine it? Isnt that how a pool works... combining lots of smaller miners? Isnt that what happens with a 51% attack? The owner of the pool is able to do whatever they want with the hash of the pool?
Well, I think the word "combine" is wrong, since we are talking about multiple pools and hundreds/thousands of miners. There's a distinct difference between everyone mining on 1 pool, and people mining on 5 pools owned by the same person (with different locations and servers). However, I get your point now. I've viewed this from the wrong perspective. Franky1 explained it, in a semi-decent way:

you dont need to combine it.
-snip-
you just need 4 pools of 13% = 52%
Tl;Dr: If you wanted a rule change, you could 'push' the updated software on all of your pools at the same time.

Sorry, I never was good at explaining things. I read his post and it makes more sense than what I was trying to say.
236  Bitcoin / Bitcoin Discussion / Re: One of Bitcoin's Biggest Miners is Launching a Second Pool on: September 14, 2016, 06:10:27 PM
If I own the top 5 pools (even if they are in different locations and such) whats the difference in that and owning one huge pool with the same hashrate? In either case I am the single owner and could potentially use that hash at my own will. Being in multiple locations doesnt even make it harder to consolidate the hash together. Just point and shoot.
You're talking about it like the pool owner is the owner of all the hashrate, not just the pool. They can't just easily "consolidate" all the hashrate of a huge number of miners, mining at several locations/pools, connected to different servers. However, your example is also a bit hyperbolic. I don't think Bitmain is going to gain a lot more hashrate (total combined of both pools), but who knows.

Why cant they combine it? Isnt that how a pool works... combining lots of smaller miners? Isnt that what happens with a 51% attack? The owner of the pool is able to do whatever they want with the hash of the pool? Couldnt I point it to some small coin and drive the difficulty way way up and then move it somewhere else (its happened to some coins although maybe not on purpose) or other types of attacks? Or create a 6th pool and setup the other 5 as "workers" for the 6th?


I do agree that the example is a bit of an extreme but the point is the same. If a company wants to setup a second pool for whatever reason then fine but it cant be to help decentralize the network. That makes no sense.
237  Bitcoin / Bitcoin Discussion / Re: One of Bitcoin's Biggest Miners is Launching a Second Pool on: September 14, 2016, 05:41:31 PM
How is one company creating a secondary pool, promoting decentralization? You just pull the wool over people's head, by creating the illusion that this is a separate entity to the original pool. Most people will not even know that it's the same company after a few years.
So you're telling me that if I host two separate pools, possibly even in two completely separate locations (as opposed to having only 1 pool in 1 location), it won't help decentralization at all? I beg to differ. Example: Hosting 5 nodes under the same ISP/cloud service/etc. is much more centralized that hosting 5 nodes all around the world, regardless of who the owner is. I'm fully aware that it would be much better for a completely separate entity to host another pool, however this is better than nothing (IMO).

https://blockchain.info/pools

If I own the top 5 pools (even if they are in different locations and such) whats the difference in that and owning one huge pool with the same hashrate? In either case I am the single owner and could potentially use that hash at my own will. Being in multiple locations doesnt even make it harder to consolidate the hash together. Just point and shoot.
238  Bitcoin / Bitcoin Discussion / Re: One of Bitcoin's Biggest Miners is Launching a Second Pool on: September 14, 2016, 05:29:28 PM
We need more McAffees in the west, rich people that can afford to start mining business outside of china to compete against the chinamen who are getting all the hashpower due the cheap costs. We need competition outside of china.
No, not really. That guy is using that primarily as a way to pump up the value of their company with investments. You should check out the tweets from Kim Doctom regarding the venture of McAffee.

I thought that they will be charging 0% fee over lifetime but found this is only promotional offer.
Charging a zero percent fee for lifetime is a ridiculous idea that won't be adopted anytime soon. You do realize that these are businesses, and as such, they have to generate their share of the profit?

I like the general idea behind it because it is primarily promoting decentralization. Let's see whether it will work out.

How is one company creating a secondary pool, promoting decentralization? You just pull the wool over people's head, by creating the

illusion that this is a separate entity to the original pool. Most people will not even know that it's the same company after a few years.

A few years ago, we had a situation with one pool, gaining 51% hashing power, and people shifted pools to stop that from happening.

Now people think they have separate pools, but it is still under one umbrella.  Huh

Exactly my thoughts. Nothing is decentralized here.
239  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think of Litecoin? on: September 13, 2016, 02:36:52 PM
I think Litecoin is a good, solid coin. I currently own Litecoin, spend it where I can, mine it and have 4 full nodes helping support the network.  I'll admit, Litecoin has looked better in the past than it does today but the future is even brighter.

Take the low price as a cheap way to get in and enjoy the ride.
240  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: September 12, 2016, 09:13:39 PM
what can litecoin offer than bitcoin cant?

That is a good question. litecoin is a pure clone of bitcoin apart from the block time, which is 4 times faster.

Having used both bitcoin and litecoin that faster block time is a significant improvement. I like bitcoin too, just stating a fact. Here's an updated list of things I like about litecoin.


  • Capable of four times as many transactions as Bitcoin in a ten minute period. Frankly if payment processors had adopted Litecoin in the past year current Bitcoin block discussions would be irrelevant (and likely the price of both coins higher). Anyone who has watched these discussions understands the immediate advantage of a network with larger transactional capability.  
  • Faster confirmation times. The only people who don't think this is important have never spent a single coin or they have patience that the average person does not possess.
  • The faster block time of litecoin reduces the risk of double spending attacks.
  • Anti-spam.
  • Fast well established network. Current Hashrate is 1,643 GH/s. Since scrypt is memory intensive it is known to be approximately 1000 times slower hardware wise in comparison to SHA256. Fair comparison to the Bitcoin network requires multiplying that hashrate by 1000 (1,643 TH/s). The fact is for most of Litecoins history the hashrate has been relatively high and secure. Those comparing it to the Bitcoin network without considering this 1k factor are either being disingenuous or just ignorant of the facts.
  • Continuous development look here at number of releases in past year: https://github.com/litecoin-project/litecoin/releases
  • Upcoming new features and active development look here for whats happening in 2016:
    https://litecoinassociation.org/data/roadmap.pdf
  • Longevity. Many coins have temporarily eclipsed litecoin as they were marketed for the purpose of increasing the fiat accounts of a small group and emptying the accounts of new users. Unfortunately this has been detrimental to crypto-space in general.
  • Great community. Definitly helps when consensus is needed.
  • Fully supported by GoCoin a growing merchant payment processor used by thousands of merchants https://www.gocoin.com/ as well as other processors such as coinpayments, Asmoney, Alfacoins and Coinify
  • Liquidity. You can sell thousands and not crash the market. Maintains value. Look at the chart here indicating volume in the last 24 hours relative to other coins http://coinmarketcap.com/currencies/litecoin/#markets in fact volume has remained high month after month for years.
  • The speed, liquidity and value of Litecoin is useful to traders seeking arbitrage opportunities between exchanges.
  • Now on GDAX soon to be on coinbase.
  • Upcoming release to include a on-chain adaptive block size scaling solution. This will substantially increase the transactional capacity of Litecoin.
  • Planned anonymity features for an upcoming release.
  • Fair release. In a crypto world of premined and ICO releases many appreciate this fact. The code was released well before the Genesis block was mined and everyone knew when it would be going live; therefore, individuals could anticipate and get their miners and software ready.
  • It's primary function is to be a cryptocurrency.
  • Still mineable in many western countries even after electrical costs are factored in. Here in Canada my Titans still make a profit long after shutting my Neptunes down.
  • It will always maintain the integrity of the blockchain (no hard forks for special interests).
  • Security.


I have to say, I used to be in the boat of "10minutes is plenty fast enough" and to be fair it is WAY faster/better than a normal banking system where you wait days for a transfer to be processed however in todays 'instant' world, 10min is not fast enough.
I even was in the "zero confirmations" boat for awhile but its my understanding that if you dont include a large enough fee that the transaction may never be included in a block - I used to think it would eventually be included even with no fee, it would just take awhile. I could still be wrong on this area tho.

My point being, I used to side with Bitcoin.... until I used something better... something faster... Litecoin.

Bitcoin may still have its advantages but once you actually start to use the two and start to see the differences, Litecoin is just so much faster and easier to work with.


I currently run 4 full nodes as well as mine, so Litecoin is far from dead and not going away anytime soon.


To Da MOOOOOOON!
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