MINING Blockchain Ventureon - more than 50 €/day without expensive equipment

[FemmeBit]

The first atomic transaction from BTC to VNN took place in Blockchain Ventureon https://vnn.money/single_news.php?id=33

Ventureon developers accept congratulations from the team.  There was an epoch-making event in the history of the project: yesterday, on May 20 at 16:16 UTC, the first atomic transaction from BTC to VNN was held.  
"Analysts and specialists in the field of crypto currency forecasted the wide use of atomic transactions not earlier than 2019, but we are sure that this will happen much sooner!  We are happy to announce that the development is proceeding even faster than planned.  And today for us there was literally a historical event.  Our young project, along with such popular blockchains as Bitcoin etc, has accomplished what traders and all cryptornics have been waiting for so long, "concluded Igor Brikov, leading developer of Blockchain Ventureon.  

Developers of  Ventureon spent mega-effective last week and made an impressive leap forward.  "The wives of our colleagues complain that they will soon forget what their husbands look like with such a rate of immersion in the development processes," joke in the laboratory of the developers of the Blockchain Ventureon project.

 Technological Introduction of Atomic Swaps

 In preparation for atomic transactions, developers introduced another type of address specifically for gateways.
 An example is G: fpfE7ntDXAsya96ED7ifWs9.  The system's gateway address has the status of "complete trust", the name speaks for itself.  All transactions go through this address G, otherwise without an address transaction will not be written to the blockchain.
 
Transaction duration

The first transaction lasted 14 minutes and 3 seconds. Of these, 14 minutes fell on waiting for the first confirmation on the BTC network.  

References to transaction

1.Transaction VNN network: https://2564.vnn.money/tx.php?tx=92fbf40d548a5910c360ee0adff9385286ddabe89733d65eace947d89559f671
 
2.Transaction in the BTC network: https://blockchain.info/tx/45145326121cae972a80fb942bdd6f143903b15a264cc9193aecff6e9d85b947

3.Transaction wallet recipient: http: //  prntscr.com/jki8ye.  


Process of atomic swap in VNN

Example of charging from the address of the system smart contract SSC: to miner:https://2583.vnn.money/tx.php?tx=632d3521d4789f2ba3448254233b78f742c82fb25b28dde09b1cf7eb9107e064.

In the atomic case:https://2583.vnn.money/tx.php?tx=92fbf40d548a5910c360ee0adff9385286ddabe89733d65eace947d89559f671.  

From the user's BTC wallet 1GQUgQaDiqy858SkJoXx5gTKuSX8aDNtCo money is sent to the one-time address of our gateway in the BTC network: Gateway 1FnTK8wgahDVF1uUvrHbMhQDVWywg1WAHr.
Once the VNN has received the first confirmation, Gateway G Gateway: fpfE7ntDXAsya96ED7ifWs9 forwards the VNN to the user at its VNN address: E: ejQykj4DTs3RsrQp2cWUes1.  

Soon the developers of Blockchain Ventureon plan to make transfers between third-party blockchain, for example, BTC-ETH.  We hold our fists for them.  Sure, they will succeed.

 Want to keep abreast of the news of the project - subscribe to the telegram-channel Ventureon t.me/BC_Ventureon.  

Background

 Atomic swaps, atomic transactions, or transfers between two different blockhouses - this is almost a popular topic for discussion in the modern blockbuster community.  The first ever atomic transaction took place in 2017 in the Decred network.  Later, the Bitcoin Cash platform was added.
 "Someday, all crypto-exchange exchanges will use this technology," writes Deswurstes.  - Atomic swaps are a very reliable way of transferring funds.  If crypto-exchangers do not use atomic swaps, users will switch to other platforms. "

[mak013]

I can`t understand, how you will mine more, then I? You don`t need equipment? You can buy it for 10-15% from it cost? You`re great traders? How can you explain it to me, and what is the reason for devs?
Right now I can see just get money and run away.

[melpheos]

This thread has NOTHING TO DO in the area.
Please move it to the ANN forum !!!

[FemmeBit]

This week, as it appears, will be rich for occasions to share victories (crossed fingers) with you. We keep you informed as promised.
Yesterday we wrote that the first atomic swap was carried out from BTC to VNN. Months of preparation have yielded results.

And today we report on the successful exchange of VNN on BTC, of ETN on VNN and back. Victory again! Small, local, but it`s our victory. We did not expect any difficulties with this - the mechanism is clear to us, if we went here, we must go back, but boasting in advance is a thankless task.
For experts and proof-lovers we provide links:

Confirmation of Blockchain Ventureon: https://2552.vnn.money/tx.php?tx=de5bb8d1c5a491ca36bd606979dd0a101ccb0d0ab679ab2c2083db43fcb8fd38

Confirmation of BTC: https://blockchain.info/tx/6347a09daedcddf540f8695ddd3a507dd6c4033763fe5cee92272c27515417cf

Links to ETH transfer confirmation : https://2552.vnn.money/tx.php?tx=1c2ed4d52e0ff994ad0865aa5851d4ea8620d2664751dd1d125eebe8b5c80471

Online ETH: https://etherscan.io/tx/0x9bad273b9683a55875d5cb4e934a9a297ef06d494def8b6b0e59a9a07c1fbc8e
and back transaction:

Ours: https://2552.vnn.money/?tx.phptx=899e34eaea895991159eca35acc83dc72d44c5b7e3b8a3f305f55ff0df9fa24f

Acknowledgment ETH network: https://2552.vnn.money/tx.php?tx=5732bce8c4ad4b98eefbfe293368c2655b3b20bac5b024eb6da566d149bbed90

Online ETH: https://etherscan.io/tx/0xdb39f0a48071602b68e1ebabfdceff45b26357d0dfb7ddb8926fb44738c62696

But for now this is only the beginning. We continue work on peer-to-peer exchanges with gateways of other cryptocurrencies. Now our task is to achieve a transfer from one third-party currency to another. For example, from ETH to BTC. As soon as we get a positive result, we will assume that the mechanism is designed correctly. Next, we will work on integration into the main system and testing under load. Thanks to those who trust us and, especially, those who help! We continue our work and we are ready to answer all your questions in the Telegram channel https://t.me/BC_Ventureon.

[FemmeBit]

I can`t understand, how you will mine more, then I? You don`t need equipment? You can buy it for 10-15% from it cost? You`re great traders? How can you explain it to me, and what is the reason for devs?
Right now I can see just get money and run away.

Read the topic, read the information on the project site. If there are questions left, write to us, we will gladly answer you

[anthonysobor]

I can`t understand, how you will mine more, then I? You don`t need equipment? You can buy it for 10-15% from it cost? You`re great traders? How can you explain it to me, and what is the reason for devs?
Right now I can see just get money and run away.

Please read all information. We make new Blockchain, and we make new consensus. SO we will have just 2583 miners, mining will work on the server software, don't need equipment, just computer, rent server and our software.

[FemmeBit]

This thread has NOTHING TO DO in the area.
Please move it to the ANN forum !!!

Thank you for your interest in our topic. It has to do with limited VNN issue. Read more on the website https://goo.gl/gFMvTj

[mak013]

I can`t understand, how you will mine more, then I? You don`t need equipment? You can buy it for 10-15% from it cost? You`re great traders? How can you explain it to me, and what is the reason for devs?
Right now I can see just get money and run away.

Please read all information. We make new Blockchain, and we make new consensus. SO we will have just 2583 miners, mining will work on the server software, don't need equipment, just computer, rent server and our software.

Ok. Limited miners, limited difficulty, limited HR. If it`s mining - it`s limited and it`s really bad idea. No independent  miners - no interest to coin. Just 200-2000 men trying to sell their coins to another.
If it`s ICO - no one need mining. Magic word blockchain becomes boring.

[FemmeBit]

Yet another victory: Blockchain Ventureon performed transit from ETH to BTC and direct transaction from VNN wallet to the card

Blockchain Ventureon claims to be one of the most anticipated projects of this year.  Against the backdrop of the latest achievements in the development of the project, the invitation of the Ventureon founders to the annual SMART TALER conference on May 26 in Minsk looks quite natural.  
Good news becomes a regularity for our blockchain.  This time our developers carried out two transactions at once, which deserve attention.  First, Blockchain Ventureon today transits from ETH via VNN to BTC.  Secondly, there was a direct transaction from the  VNN wallet to the card.

"Money are either convenient or not.  And that's all!  The concept of the convenience of money includes:
-How legal are they?  
- How reliable are they and what are they reinforced?  
- How much they and their owners are protected?
-  How hard is it to enter and exit money?  
- How convenient are they for payment?
- How deep would they sag down when market will crash?

Answering these questions, we are creating Ventureon ", - Anton Sobor, Blockchain Ventureon CEO, commented on the events of .  

So, as for the technical part of the question, Blockchain Ventureon has mastered composite or nested transactions.  

1. From ETH to VNN: https://2567.vnn.money/tx.php?tx=3547a6d21952b3a57090b137f27e410dd1c490410258d202cc42e29841f3839d

2. Transit from the ETH gateway to the BTC gateway: https://2567.vnn.money/tx.php?tx=3a5167f9d2f5a3a06428313473ebfa891383193c096ae366bee772ee0bc7f84f

3. Confirmation of sending BTC from the gateway to the final address: https://2567.vnn.money/tx.php?tx=2571ca3713042e7b9537989e413fb6c63d2921da71cedd5b4d8b42a4d7255ed8

4. Transaction in ETH: https://etherscan.io/tx/0xe01c9f4ecd37dea0a7a0b4eadeec54b31bd72efb8fb2861280cc75a7acb6ec07

5. Transaction in BTC: https://blockchain.info/tx/aacb9934c942504aa3041a862cf27c65919af0b54bfa6805ab272f979224bb13

 Links below for direct transaction of VNN purse at stake.

Transaction: https://2577.vnn.money/tx.php?tx=7a3d54087bdbedd14c8cfce548482e3cb33774c6db8a863a3686a75c26493c0b

Confirmation: https://2577.vnn.money/tx.php?tx=1cdffb31432afa120a89385dd3ee666ba4be20d3084f96c32312cccebf7dcbc3

Recall, Ventureon project does not conduct ICO, funding attracted by a  funds and large investors.  

[FemmeBit]

Blockchain Ventureon commented on the attacks on Verge (XVG) and Bitcoin Gold (BTG)

As you know, the other day the Verge (XVG) network suffered a 51% attack. The hacker took about 250,000 coins with a value of $15,000. According to other sources, the attacker made away with $1 million. Privacy-focused cryptocurrency Verge has been compromised.
 
The announced version in the media is officially this: the hacker used several bugs in the Verge code in order to mine enough new blocks on the distributed Verge registry. As a result, it was virtually possible to control all blocks of the network Verge.
 
The attack on the Verge network was not the only news in recent days, which to some extent shocked the crypto community. An unknown malicious miner managed to carry out a 51% attack on the Bitcoin Gold network (BTG) last week.
Bitcoin Gold director of communications Edward Iskra said that the malicious minor used the exploit to steal funds from cryptocurrency exchanges.
 
‘As with our Blockchain Ventureon, we have foreseen similar scenarios as in the case of the attack on the Verge and Bitcoin Gold networks. For example, if we assume that at least one of our pools has been attacked and even hacked, then with the earliest synchronization, the blockchain will simply turn it off until further clarification. This will happen not later than at the formation of a new block, in the interval from 1 second to 3 minutes’, emphasized Anton Sobor, CEO of the Blockchain Ventureon.
 
According to the created algorithms of the Ventureon technology, each pool on the blockchain is equal to the others, even if one is on a quantum engine and the other on a virtual server. This feature of the system architecture nullifies such provocations on the Ventureon Blockchain, as in the case of the attack on Verge and Bitcoin Gold.

[FemmeBit]

The implementation of Blockchain in Ukraine: to be or not to be? Speakers of Blockchain Ventureon inspired participants of the panel discussion in Odessa
 
 

‘Everything connected with blockchain in Ukraine is just words ...,’ with this phrase was opened the discussion on May 24 at the office of the National Union of Journalists of Ukraine (NUJU) in Odessa.
 
Members of the battle on the topic - Will we be able to implement the blockchain as Estonia has done for a long time?- were representatives of the public, media and invited guests - representatives of the Blockchain Ventureon project.
 
‘Discussion is the presence of different opinions and arguments. What we see today is amazing. Odessites are inspired by the idea of the blockchain implementation, because even Zimbabwe has already done it partially! Journalists of the NUJU expressed readiness to write appeals directly to the local authorities and not only. Frankly speaking, we did not expect such support.
I hope very much that this day, May 24, will be the beginning of a completely new era of blockchain in Ukraine,’ Vitaly Serbulenko, a financial consultant at Hypercube Ventures, shared his impressions.
 
As they say, to be continued ...

[FemmeBit]

Conference Smart Taler 2018: Blockchain for the sake of the blockchain ... And what do you need to implement in a real business?  



Anton Sobor, co-founder of Blockchain Ventureon, touched on the topic of using blockchain in real business.  Noting that now Blokchein largely exists exclusively for its own sake.  The speaker told about the achievements of his company: the capacity of Ventureon is three thousand times higher than that of bitcoin, and it can carry out from 32 thousand transactions per second.  Confirmation time - up to 3 seconds, the link is the algorithm of consensus developed by Ventureon specialists themselves, Proof-of-FreePower.

  Each transaction is confirmed by a cluster of 8 pools, the block closes and confirms the most unloaded, so-called, on-duty pool.  In the algorithm there are two feedback loops, thus the blockchain becomes self-learning.  In total, it is planned to allow 2583 pools, while each of them is equal and it does not matter which server it is on.  

The pool is essentially a special software, which is put on a dedicated server.  There is no need for farms, video cards, there will be enough computer or even afterwards a smartphone.  Also fixed fee pool holder - each pool receives 2.5 coins per day.  On the basis of the company's blockchain, it will be possible to conduct ICO, crowdinvesting, and token-saels, but even more conveniently and more securely than on existing platforms.  The Ventureon blockchain has its own notary and arbitration.

 The presence of trustees from the blockchain, who are authorized to certify some transactions and smart contracts, will get a trusted status in a particular operation.  Arbitration is also necessary to resolve disputed issues like stealing coins or failure to comply with the terms of a smart contract.  By an unlimited number of arbitrators, they can decide to burn coins in the wallet of the attacker and re-issue back to the wallet of the affected party, if there is evidence.  And all this is possible without holding a hard fork.

  In addition, there is the opportunity to register your company virtually, immediately in the blockchain.  The notary anonymously checks all the data, makes a conclusion - and for a couple of hours it is possible to register your company and start working as a virtual legal entity. There is also a designer of smart contracts, thanks to which a person without knowledge in programming can create his own smart contract.

  At the same time, Ventureon plans to issue not crypto-, but electronic currency on the blockchain with a license from regulators and other advantages.  Tests were carried out with the exchange of coins VNN on Ethereum, Bitcoin and back, as well as direct withdrawal from the block to the card.

 In Ventureon there is a system of recognition of types of wallets.  By prefix in the address it will be possible to understand this verified wallet of the user, the purse of the notary or, for example, the address of the Emission Pool owner.  In addition, there will also exist collective wallets, which several people will have access to.  

In the wallet it will be possible to store all kinds of crypto-currencies that are connected to Ventureon by means of locks.  The speaker separately noted the security system of users with an emergency password.  If the wallet holder is forced to pay, he can enter the emergency password.  The money will go, but the system will mark the amount and after a while the coins can be returned back.  In addition, it will be possible to conduct atomic swaps without currency withdrawal to the exchange.  This enables you to trade without transferring your funds to the exchange, which increases the safety of their storage.

 Source https://www.kv.by/post/1054508-konferenciya-smart-taler-2018-blokcheyn-tehnologii-novye-vozmozhnosti-investirovaniya-i

[TRICKMASTER]

I can`t understand, how you will mine more, then I? You don`t need equipment? You can buy it for 10-15% from it cost? You`re great traders? How can you explain it to me, and what is the reason for devs?
Right now I can see just get money and run away.

Please read all information. We make new Blockchain, and we make new consensus. SO we will have just 2583 miners, mining will work on the server software, don't need equipment, just computer, rent server and our software.

Ok. Limited miners, limited difficulty, limited HR. If it`s mining - it`s limited and it`s really bad idea. No independent  miners - no interest to coin. Just 200-2000 men trying to sell their coins to another.
If it`s ICO - no one need mining. Magic word blockchain becomes boring.

Limited miners dont hurt the growth of coins. You do not know what you're talking about, lol.
And this project have atomic swaps - its more important.

[FemmeBit]

I can`t understand, how you will mine more, then I? You don`t need equipment? You can buy it for 10-15% from it cost? You`re great traders? How can you explain it to me, and what is the reason for devs?
Right now I can see just get money and run away.

Please read all information. We make new Blockchain, and we make new consensus. SO we will have just 2583 miners, mining will work on the server software, don't need equipment, just computer, rent server and our software.

Ok. Limited miners, limited difficulty, limited HR. If it`s mining - it`s limited and it`s really bad idea. No independent  miners - no interest to coin. Just 200-2000 men trying to sell their coins to another.
If it`s ICO - no one need mining. Magic word blockchain becomes boring.

Limited miners dont hurt the growth of coins. You do not know what you're talking about, lol.
And this project have atomic swaps - its more important.

Limiting the number of miners is necessary, reward for their mining to not decrease. Or do you disagree with this?

[FemmeBit]

Several differences of emission from Blockchain Ventureon from mining to GPU / CPU



- Emission pool (EP)is the basic unit, ensuring the functioning of the Blockchain  Ventureon.
- the EP operates only on a dedicated or virtual server
- The server’s lease payment is substantially lower than the payment for electricity consumed by the mining farm or "asik".
- By purchasing EP, the owner gets it for life use.
- The amount of miners is limited, which means that their reward will not decrease even after 50 years
Select a pool https://vnn.cash/

[FemmeBit]

The software and the official domain name of the Blockchain Ventureon (VNN) Basic emission pool - immediate start. Available quantity - 122



All software used in the VNN blockchain is server-based. Emission pool requires only a dedicated or virtual server, which makes VNN mining the most environmentally friendly and low-cost.

Your pool will be assigned an official domain name in the format xxxxx.vnn.money, where xxxxx is the serial number of your pool in the system.

The VNN mining is available for a limited number of people. Such a restriction is introduced to make the earnings of the miners highly profitable.

The estimated yield is 2.5 VNN per day (50 euros).

Buy now - https://vnn.cash/index.php?route=product/product&path=18&product_id=76

[anthonysobor]

What is "51% attack"
In crypto-currencies, which use the principle of Proof of Work to select the main branch of the blockchain (for example Bitcoin), the "51% attack" is an opportunity for the attacker to collect more processing power than the rest of the network, and thus manipulate the transactions of the entire attacked blockchain . What the attacker can do:

Do not confirm other people's blocks, confirming only their own. In the case of bitcoin, this also means getting all the new bitcoins that are being emitted.
Block any transaction at your discretion
Double spending - the opportunity to spend several times the same funds from your wallet
How much does it cost to attack 51% for popular crypto currency?

The other day an interesting calculation was published in the network, how much would it cost to conduct an attack of 51% for popular crypto-currencies. The data itself is available at https://www.crypto51.app/. Below is a screenshot of the top currencies.



Key indicators:

Market Cap - capitalization of the currency
1h Attack Cost - cost of carrying out of attack of 51%, proceeding from a current cost of rent of computing capacity and hash-stoichosti blockade
NiceHash-able - the ratio of the amount of available computing power for leasing on one of the popular exchanges to the necessary power to attack 51%

But what about BLOCKCHAIN VENTUREON?

Ventureon is not subject to 51% attack, because:

create of new pools is not possible, at least without coordination of existing owners of pools and necessity in increase of scalability
it does not matter what power one pool has, all pools are equal, even if 1 pool is controlled from the smartphone, and the other from the quantum computer, all pools in the blockchain are equal.
Be smart, join Ventureon.

https://t.me/BC_Ventureon

[cryptonXXX]

Guys, how many pools do you have? and what I need to start mining?

What is "51% attack"
In crypto-currencies, which use the principle of Proof of Work to select the main branch of the blockchain (for example Bitcoin), the "51% attack" is an opportunity for the attacker to collect more processing power than the rest of the network, and thus manipulate the transactions of the entire attacked blockchain . What the attacker can do:

Do not confirm other people's blocks, confirming only their own. In the case of bitcoin, this also means getting all the new bitcoins that are being emitted.
Block any transaction at your discretion
Double spending - the opportunity to spend several times the same funds from your wallet
How much does it cost to attack 51% for popular crypto currency?

The other day an interesting calculation was published in the network, how much would it cost to conduct an attack of 51% for popular crypto-currencies. The data itself is available at https://www.crypto51.app/. Below is a screenshot of the top currencies.

Key indicators:

Market Cap - capitalization of the currency
1h Attack Cost - cost of carrying out of attack of 51%, proceeding from a current cost of rent of computing capacity and hash-stoichosti blockade
NiceHash-able - the ratio of the amount of available computing power for leasing on one of the popular exchanges to the necessary power to attack 51%

But what about BLOCKCHAIN VENTUREON?

Ventureon is not subject to 51% attack, because:

create of new pools is not possible, at least without coordination of existing owners of pools and necessity in increase of scalability
it does not matter what power one pool has, all pools are equal, even if 1 pool is controlled from the smartphone, and the other from the quantum computer, all pools in the blockchain are equal.
Be smart, join Ventureon.

https://t.me/BC_Ventureon

[cryptonXXX]

I need this!
Can I start asap?

What is "51% attack"
In crypto-currencies, which use the principle of Proof of Work to select the main branch of the blockchain (for example Bitcoin), the "51% attack" is an opportunity for the attacker to collect more processing power than the rest of the network, and thus manipulate the transactions of the entire attacked blockchain . What the attacker can do:

Do not confirm other people's blocks, confirming only their own. In the case of bitcoin, this also means getting all the new bitcoins that are being emitted.
Block any transaction at your discretion
Double spending - the opportunity to spend several times the same funds from your wallet
How much does it cost to attack 51% for popular crypto currency?

The other day an interesting calculation was published in the network, how much would it cost to conduct an attack of 51% for popular crypto-currencies. The data itself is available at https://www.crypto51.app/. Below is a screenshot of the top currencies.

Key indicators:

Market Cap - capitalization of the currency
1h Attack Cost - cost of carrying out of attack of 51%, proceeding from a current cost of rent of computing capacity and hash-stoichosti blockade
NiceHash-able - the ratio of the amount of available computing power for leasing on one of the popular exchanges to the necessary power to attack 51%

But what about BLOCKCHAIN VENTUREON?

Ventureon is not subject to 51% attack, because:

create of new pools is not possible, at least without coordination of existing owners of pools and necessity in increase of scalability
it does not matter what power one pool has, all pools are equal, even if 1 pool is controlled from the smartphone, and the other from the quantum computer, all pools in the blockchain are equal.
Be smart, join Ventureon.

https://t.me/BC_Ventureon

[Blockonchain]

Hi, How will your service be more convenient for an investor with the urge to buy your emission pools but do not know more about cryptocurency and how the pools work?