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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Darknet market plans to accept ETH. on: March 30, 2017, 03:22:13 AM
They are accepting it, and have been for a few days. They accept bitcoin and monero, too.

They will build the platform on bitcoin,with  eth and xmr as alternatives, but many vendors will not accept them.

The problem faced is simply bitcoin and its confirmation time, which can be solved very easily.

BTC will reign unless something that is hard to predict occurs.

There are too many millions invested in it by parties that have power. Plus, BTC is the only cryptocurrency that people actively pursue ownership of.

Dabbling with ETH, is a way to increase the BTC you hold.



It's not that simple...

To decrease transaction time, you need to pay a higher fee to get priority over other transactions. The more valuable bitcoin becomes, the more expensive this fee will be.

The other problem is anonymity. Before sending your coins to the market you would need to, at the very least, tumble them using a tumbling service... Which again, isn't free. The service will cost you a small percent of your coins.

Transaction time, tumbling, combined with the time it takes for the market to credit your coins to your account makes the total wait time close to an hour or so. :/

This is the part where I shamelessly plug my favorite coin... XMR Smiley You don't need to waste money to tumble it, as it has true anonymity built in so your transactions are completely secure and private. Transaction time is generally less than a minute, much faster than BTC, and it's got great devs supporting it... Although, it is true that not all vendors take XMR, but a large number already do and are reporting an increasing trend of transactions using the coin. If there were ever a coin designed specifically for the darknet, that would be it, IMO.

2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZERO - fork of Zcash with harder mining params on: March 07, 2017, 10:09:23 PM
Paging dev, hellooo? Are you still alive? Should we be concerned?

Sincerely,
ZERO miner
3  Bitcoin / Mining speculation / Re: Start Mining nowdays. on: March 07, 2017, 08:35:28 PM
Save yourself the trouble mate and just buy the coins directly. Much better investment, believe me Wink
4  Bitcoin / Mining speculation / Re: Quantum computing and Bitcoin mining on: March 06, 2017, 11:38:44 PM
This is a question thats come up many times. To put some perspective into the argument have a read at this article:

http://www.bitcoinnotbombs.com/bitcoin-vs-the-nsas-quantum-computer/

Please pay particular attention to the section quoting Bruce Schneier’s 1996 book, 'Applied Cryptography' and the effects of thermodynamics on the processing of information, coupled with Peter Shor's algoritm for a quantum computer to break public key encryption. It's east to forget about physical laws that don't at first glance seem to have any influence.

The basic message is : SHA256 is safe, period. ECSDA might be vulnerable if a viable quantum computer can be built and run reliably but that at the moment would seem to be some years away ay present!

On a side note I've just finished reading an excellent book by Simon Singh, 'The Code Book'. It was written some time ago, long before Bitcoin came into being but it's a very interesting history of codes and codebreaking. Also explains RSA and why super large prme numbers are so sought after.

Sure, SHA256 may be safe, but what about the other algos? Surely, someone will eventually program a miner that can run on a quantum computer using some other algo like scrypt or X11. Do you think these physical limitations you're referring to affect those algos as well?
5  Bitcoin / Mining speculation / Re: Quantum computing and Bitcoin mining on: March 06, 2017, 08:09:42 PM
ROFL
Quote
can we use these quantum computers to mine
Have you even seen what current QC's look like? Massive, use liquid He cooling, mega $$$$$...
Not bloody likely for many a years to come Wink


Oh... Bummer. But the APIs will be released soon, so maybe we can at the very least begin developing mining software for these things. And if someone with enough capital can rent one out (Seeing as IBM wants to make them commercially available) he/she can dominate with their superior computing power. Maybe not probable, but possible?
6  Bitcoin / Mining speculation / Quantum computing and Bitcoin mining on: March 06, 2017, 07:07:07 PM
Just saw this article: http://www.independent.co.uk/life-style/gadgets-and-tech/news/ibm-quantum-computer-how-work-commercial-api-faster-q-systems-computing-a7613271.html

For the lazy, IBM will soon be selling quantum computers commercially and will release the APIs for devs to create new programs for those computers... My question is, can we use these quantum computers to mine? Will this change the mining game? If not bitcoin, then maybe altcoins?
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZERO - fork of Zcash with harder mining params on: March 02, 2017, 04:19:26 PM
keylogger  Huh Shocked

why would anyone want to log my keys? its a miner, and everybody knows miners give false positives, its running mint on my computer.

Im pretty sure there is one guy with multiple accounts warning everyone away from that new updated miner which is 12x faster, purely so he can mine at the accelerated speed and steal most of the hash.

not fooling me! mining away.

That miner is jam packed with malicious software... I'd strongly urge you against running it further
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZERO - fork of Zcash with harder mining params on: March 01, 2017, 05:00:59 PM
First ever available GPU miner for ZERO:
https://github.com/Optiminer/OptiminerZero#v100

Windows+Linux. AMD only. 8GB cards only.

Can I has GPU miner for NVidia + Linux plz? Smiley
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZERO - fork of Zcash with harder mining params on: February 28, 2017, 10:42:08 PM
Ah, I see you probably git cloned the wrong repo, there was still the original miner linked in the instructions for compiling, try to clone again from https://github.com/ocminer/zero-nheqminer instead of ../nicehash/nheqminer Smiley
My cmdline is ./nheqminer_cpu_tromp -l zero.suprnova.cc:6568 -u ErikW79.2 -t 2 -e0 and I did compiled from this new repo. Only selected tromp folder for compilation. Could you post how to compile tromp? Maybe I made a mistake somewhere.

It works for me like this:


   - `git clone  https://github.com/ocminer/zero-nheqminer.git`
   - `cd zero-nheqminer`
   - `cd Linux_cmake/nheqminer_cpu_tromp`
   - `cmake .`
   - `make -j $(nproc)`
   
Then simply:

./nheqminer -l zero.suprnova.cc:6568 -u suprnova.4 -t 2 -e 0
Ahh now it is working, I owe you a beer. Do not know what was wrong.

^^^ Might wanna update the repo with that, confusing as all hell...
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