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Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

BitMax.io & Lambda Joint AMA

BitMax.io & Lambda Joint AMA
George Cao :Let’s welcome lambda team . Xiaoyang and Lucy
Lambda: Hello friends from BitMax ~~ I am Lucy Wang, Co-founder and CMO of Lambda. I am very happy to e-meet with you here and thx for George's invitation. I on behalf of Lambda wish all of you a merry Christmas and prosperous new year in 2019
George Cao: Great. I am a bit surprised to see a big volume day yesterday Christmas. Seems our users didn’t take a break even on holidays :)
Lambda: I'd like to take this opportunity to introduce myself first, I have over 14 years of progressive career development with global leading enterprise software / service organizations as well as VC-backed start-up ventures, including HP, Oracle, and SAP. Before Lambda I was CMO/GM at two enterprise SaaS start ups in China backed by top VCs.
And my partner Mr. He Xiaoyang, who is the founder of Lambda, he is a well-known expert in infrastructure and open source software in China. Prior to Lambda, he was the co-founder of OneAPM, a fast-growing infrastructure software focusing on ITOM (IT operation management) in China. OneAPM is known as the “New Relic or AppDynamics of China” and the company has received strong VC backing from Matrix Partners, Chengwei Capital, and Qiming Venture. Prior to his entrepreneur experiences, Mr. HE worked at BEA as a R&D software engineer. In addition, Mr. HE is also a blogger with strong following in China and some of his articles have been published by major media such as Forbes China, 36Kr, Sina, etc.
Lambda idea was born at the end of year 2017 and the product development started from the beginning of 2018. Now let me talk about Lambda idea and what we do
Lambda, is the leading decentralized infrastructure project providing secure, reliable, and infinitely scalable decentralized storage network that enables data storage, data integrity check, security verification, and marketplace for storage-related services on the Lambda Chain Consensus Network.
In recent years, there have been frequent data leakage problems in major Internet platforms at home and abroad, and even business giants such as Facebook and Marriott have not been spared. Returning the value of data to data owners is an inevitable trend in line with human pursuit of freedom. The block-chain technology with P2P features provides an opportunity for this, and this area will be highly valued by the industry in the next few years. Lambda is the only provider of block-chain storage infrastructure projects in China. It is sometimes referred as “File-coin of China”or “File-coin 2.0”.our vision is to return the value of data to the data owner, with this vision in mind, our mission is to promote the decentralization of the Internet, with the goal of creating a storage infrastructure for the next generation of block-chain.
After the Lambda project launch in early 2018, it has received strong support by well-known strategic and financial investors including Bitmain, Viking Capital, FBG Capital, Bluehills, Zhen Fund, FunCity Capital, Ceyuan Digital Fund, BlockVC, INBlockChain, DATA Foundation, Bitcoin World, Reflextion Capital, etc. To date, Lambda has received investment funding in excess of $10M.

https://preview.redd.it/ynaos7rps2721.png?width=1267&format=png&auto=webp&s=77360b7cdf06c288e8c25675f94f5fb9d3d02137
n all the existing decentralized storage projects that are aiming to give a solution to this problem worldwide, Lambda is the first ever to announce its LPDP ( Lambda Provable Data Possession )
George Cao: I see we share several investors in common, So 2019 q1-q2 will be a big milestone for lambda
Lambda: Provable Data Possession (PDP) and Proofs of Retrievability (POR) are critical to efficient decentralized data storage and its implementation, which is the essential difference between centralized network projects and real decentralized storage. Prior to Inter-planetary
File System (IPFS), Lambda launched its minimum viable product (MVP) of core functions in the third quarter of 2018, and has been continuously upgrading and optimizing this in block-chains in a multi-role environment.
File-coin is our main competitor, here is a chart shows the progress comparison FYI

https://preview.redd.it/ewmyh9tqs2721.png?width=1267&format=png&auto=webp&s=cddc52a6d613196f6c0cbf870da42a5b82a8aaa6
For those who have interest to know more about Lambda's technical innovations, they can be find in our keep updating FAQ document posted on Medium, and I copied her FYI
1.Innovatively designed the Validator role which provides verification service for storage proof and the Validator replaces storage miner as the full-time storage proof result verifier, this greatly improves the performance of the storage and retrieval system.
2.In response to the limitations of the PDP algorithm, Lambda innovatively created a consensus network on the block-chain and used the validators role to replace the "TPA" in the PDP algorithm.
3.Innovatively modified the PDP algorithm from synchronous to asynchronous communication, which greatly reduces the communication traffic for Challenge in the system. Use of chain data as a random seed for storage miners to issue Challenge themselves addresses the randomness of TPA challenges.
4.Innovatively upgraded the PDP algorithm from periodic verification to a verification set generated by the miners to submit the verification result at one time, and fully realize the Proof-Of-Space-Time verification.
on top of all the technical, Lambda creates a consensus network where data can be stored, storage space can be rented on the basis of a marketplace built on block-chain.
In the Marketplace, the transaction process is: storage miners pledge hard disk sectors to the consensus network, and place orders and sell their own storage space in the Marketplace; storage users initiate purchase requests, complete the matching of storage requests through the Marketplace, and store data in the space of the storage miners.
Different from other block-chain applications, Lambda is a storage mining project, we have miners mine on Lambda network. Earn LAMB tokens by contributing on the network, and users who have data storing requirements pay Lamb tokens to purchase services accordingly.
The price of Lamb token not only rely on the exchanges but also supported by our miners who are doing works on the network.
There are four roles in the Lambda mining network: storage miners (providers of storage space), verification miners (ensuring the integrity and security of data and packaging transactions), retrieval miners (providing download bandwidth), and users (storage buyers). 1024 verification miners promoted from storage miners constitute the Lambda-chain consensus network. So you will see three types of miners serve our users from all over the world.
The key milestones we are looking at is the launch of test-net, where miners can start mining and earn testing Lamb tokens, the date will be around end of Jan. 2019 and main network will go live in Q2, 2019, most likely in Apr.
Regarding our partnership, In the academic field, we have established a strategic partnership with Beijing Institute of Technology (BIT), which is well known in China for its engineering and computer science research programs, to conduct research into centralized storage.
In the commercial field, Lambda has established a strategic collaboration with IOST, a well-known public blockchain project, and Perlin, a super computing platform, and started to conduct pilot projects for decentralized application (DAPP) companies such as DATA and BCV. Lambda also has close ties to many leading Internet data centers (IDCs) in China. They join the Lambda network as miners and take advantage of their surplus server capacity to engage in the Lambda network ecology.
Q: Will the rest of the code be open sourced? If so when ?
Lambda: we have released the codes of core function module, the test net codes will be released gradually in Jan. pls stay tuned with our official github
Q: What can Lamb tokens be used for?
Lambda: Lambs are tokens in the Lambda ecosystem, which are mainly used in the following scenarios:
A. Users of services in the Lambda ecosystem have to pay with Lambda tokens.
B. Providers of storage services in the system have to pledge a certain number of tokens.
C. Verification nodes in the system have to pledge a certain number of tokens.
D. Verification nodes can obtain a certain number of tokens as accounting rewards.
E. Storage nodes get a certain number of tokens based on their storage capacity and their service level agreements (SLAs).
F. Other roles in the Lambda ecosystem can also obtain a certain number of tokens based on their contributions.
Q: What more incentives does miner gets to mine or rent storage on Lambda?
Lambda: every miner stars from storage miner on Lambda network, they get paid by providing storage space, when their business getting bigger, system will select the top 1024 storage miners and promote them to validator, who will get block generation rewards from system.
Q: how are the 1024 miners selected? Doesn't this become more centralised?
Lambda: we did a survey to the Chinese miners, they mainly fall into two groups, either are waiting FileCoin to go live with purchased mining machine idle at home or they are doing hard drive or graphic cards mining, which has a high requirement to the hardware standard. To mine on Lambda, you need a mining machine ( computer ) that has big storage space ( because the bigger the higher probability you'll be promoted to be a validator ) and the connection to the internet
Q: How much is initial supply?
Lambda: Lambda did two rounds of fund raising, private investors have a lock up terms of 2+4+4 meaning the first 20% of tokens will only be released 2 months listing on exchange. so on the day one listing till 2 months there will be only around 0.5% initial circulation, and after 2 months, 5% in total. in addition to that, as we are recruiting miners to join our network, actually ppl have been in a situation where they can't wait to mine on our testnet. with the mining mechanism we have, miners need to buy Lamb token to get their mining work started, because a certain amount of pledge need to be made
Q: What partnership will lambda and bitmax have in the future?
Lambda: We value the way BitMax doing things and care about projects, we feel like we found the right exchange to be listed, in particular an initial listing. we will work with BitMax and do some joint campaigns to boost the community
George: We have great chemistry with lambda team.
Q: And are you still primary list in there, I heard the list was delay? Is it related to Huobi?
Lambda: you are right, it is related to Huobi, but one thing you can be assured of is that our initial listing on BitMax wont change, but most likely a joint listing with Huobi.
Q: what about the time of primary list?
Lambda: we will primarily list very soon, we are targeting end of this week, now we are in the middle of some technical integration with Huobi
George: We can assure everyone that our team will do our best to protect our investors and serve our listing projects. The promise does not change whether or not if we co-list with huobi.
Q: We get reward to mine ? Any incentive? For testnet
Lambda: Yes, you have two ways obtain Lamb tokens, buy from exchange and earn more from mining, but firstly you have to buy Lamb on BitMax haha. Are you asking the reward from testnet by mining on it? yes, you will get test Lamb token, and they can be redeemed to Lamb token with a ratio that will be specified shortly. on Lambda official website www.lambda.im, we have whitepaper, besides that we also have economic whitepaper to explain how the lambda economic system runs, on Dec. 28 we will launch our yellow paper where we will demonstrate the detailed technical realization and all the parameter setting for mining on Lambda
Q: What are the implications if a miners rig goes offline or they decide to stop?
Lambda: If miners rig goes off, they will not get the reward from the corresponding generated block, if they do cheating there will be punishment from the system, and if they decide to quit, the pledge will be returned
Q: Lambda planning to have own FS?
Lambda: Yes, FS and consensus network is separate. validators and marketplace are on the consensus network, while Files are in the File System.
Q: Is Lambda GDPR friendly?
Lambda: yes, we are
Q: Hi can u explain what’s the requirements of decentralized data . Do You think big companies will like to use lambda services .... or it’s for medium level enterprises as big companies will go for their in house system with their reliable nodes ...
Lambda: this is a good question, from I seeing it, ppl call out the protection of privacy, it is a trend and it takes steps. Lambda has two big groups of prospects users, one is DAPPs, another is the general industries such as big data, AI, IoT, Games, Financial, etc, as long as they need massive data storage demand, Lambda has the opportunity, data storage is expensive, especially when we are talking about big data, a lot of companies will value the cost in this area very much. currently we have lighthouse customer like DATA, BCV, VVshare, in the very near future, a game that is developed by Lambda team will also go live on Lambda network. from the BD perspective, Lambda will create a satellite network ( you can take it as channel network ) to bring us customers, we have a few reaching out to us already
Q: Why suddenly launched on Huobi
George Cao: I believe lambda team has its own consideration. Projects esp in bear market are facing pressures from different parties. Investors users exchanges. Not everything is under projects control. What we can do as an exchange is to stand by our partners and fully support them down the road
Lambda: thx for the answer
Q: I think you have made a great choice working with bitmax. Bitmax have really helped push new
coins and their site in general with good PR, marketing and reward/airdrop promotions
Lambda: strongly agree with you
Q: GDPR has taken over the EU and the UK so that is very important
Lambda: you are right, so we see to be GDPR friendly, which is one of our differentiator from FileCoin
Q: Being GDPR friendly , European market is a go for lambda
Lambda: I have this plan to develop European market by having a Raspberry program, it is still in planning.
George Cao: Let’s take a last question and move to lambda community:) And as usual we will pick 3 best questions. We will send out 1000 800 and 500 btmx. @lambda do you want to pick 3 questions ?
Q: Recent partnerships are interesting , can you tell us about coming q1 2019 both in terms of technical and marketing developments ?
Lambda: from Marketing side, we are focusing on Chinese miners community and potential European market ( like I said still in construction ) Korean market is another, and US market to go along our compliance path, Lambda has been strictly abide by the regulations. from technical side, the most important task we are targeting is the main network launch as planned
George Cao: Thanks everyone for your time. It’s a great ama as usual. We do have the best community. We will pick 3 winners and we will announce here after we finish ama in lambda community
Lambda: thank you all for your time to participate the AMA, I had a great time with you, see you friends and have a nice day.
George Cao: Hello everyone, Merry Christmas:)
Lambda: Hello Lambdos. Today we have George, the founder of BitMax to join us for the AMA. Let's give him a warm welcome to do a introduction of BitMax
George Cao: I am George Cao, founder of bitmax. I am happy to take the opportunity to talk to everyone here. Thanks to the lambda team. Let me start with a brief introduction about us.
Bitmax.io (btmx.io) is an exchange founded by a group of Wall Street veterans. Unlike most projects, we are kinda of old :) core team are in their 30ish - 50ish. The 10 founding member have combined of 150 years of Wall st experience. I have 10+ yrs of high frequency trading experience therefore I know the trading system well. That’s why our match engine can handle 400k tps per second vs huobi 1000 tps. We want to build an exchange that is transparent, robust, and efficient. While our system is the best in class, we offer the lowest trading fees. We believe the current high commission will not sustain and we will see consolidating of the exchanges with better depth and liquidity and lower commission. We are happy to partner with lambda, one of the best projects in 2018. We are committed to serve the project and the community. Alright, I am ready to take questions. Anything you can ask, as tough as you want :)
Q: Haha nice platform.
George Cao: Thanks. We are young as a platform but we are working to deliver the best
Q: I see reverse mining is new , I used many other mining exchange but all have normal mining . How does reverse mining works?
George Cao: Reverse mining is an innovative approach that helps the exchange and the project in several ways. 1) the concept of reverse mining is by providing liquidity to the exchange, you get a rebate and deduct out tokens from your account of the same valued. You can think of a otc sell our. 2) the benefit is it removes lots of sell pressure from the secondary market. And provides a strong support for the token price. 3) it introduces lots of liquidity to the exchange and benefits all traders
Q: The BTMX used in reverse mining are locked forever?
George Cao: Yes so the total number of tokens are always reducing your
Q: I've really been enjoying using the bitmax exchange so far especially with the low fees and data usage rewards. Does the exchange plan to bring in a shorting function in the near future?
George Cao: Yes we will have margin and futures trading
Q: It was supposed to December right ?
George Cao: We postponed our margin to Jan. The reason is we want to be more careful on protecting margin call protections.
Q: Margin trading and futures is important for BTMX price to drive up
George Cao: Totally agree
Q: Does BitMax have any activities on New Year's Day?
George: We do have multiple promotional events. Including but not limited to airdrops. Please visit our website and stay tuned
Q: I saw the whitepaper of bitmax, can you talk more about your dividends the formula is really hard for me ?
George Cao: Sure 80% of our commission goes to our fee pool. 1/180 of the total pool will be distributed daily. As long as you are a token holder, the current rate we pay is over 100% annually
Q: Oh I see, so the dividends will be smooth, great idea.
George Cao: Yes unlike other mining exchanges have huge volatility on div we smooth our curve
Q: I've also heard there is a mobile app in the works, is this likely to be released in the near future?
George Cao: Almost done. Beta version is in testing
Q: What about the north American, will it be available in the future?
George Cao: We more cleared our legal path for fiat trading in us. Q1 2019 we will launch in the us
Q: Great news I think this will bring a big volume.
George Cao: Yes agree. Our team is excited as well
Q: With promotional Airdrops that require a certain amount of the BTMX token to be held such as The lamb one that has taken place on the exchange this week. Are tokens that are locked for data usage or in cards taken into account when balance screenshots are taken?
George Cao: Yes we will take that into account
Q: When will be the private sale tokens be released ?
George Cao: As soon as we mined 90m we will start to release
Q: So let me get this right .. you give us FREE BTC and ltc and even Lambda EVERYDAY if we hold BTMX and agree to share our data
George Cao: Free usdt btc eth
Q: Wow. In a bear market, Free btc is the best thing ever
George Cao: We share revenue with our users, 90% is usdt. Not sure if you like it:)
Q: also consider adding coins like ADA and few from top 30. People need more coins
George Cao: We are adding stellar and zcash soon
Q: I heard they are insured Unless we give password to someone hehe
George Cao: Yes we are using custodian service
Q: George are our funds SAFU with you? Exchange insurance? I would say it is With the industry giants backing this exchange
George Cao: Sequoia matrix bitmain fbg dhvc are our equity investors
Q: What’s to stop People dumping BTMX token after free btc Or stop capital investor dumping on retailer
George Cao: They get it every day. Why would they dump? All equity investors can not sell on secondary market. They can only to reverse mining
Q: Will margin allow reverse mining instead of normal mining?
George Cao: Not initially
Q: People do irrational things when btc moves Or whales dumping, I heard there was a lock up token or something. To stop this
George Cao: We required lock our tokens to get rewards. You can request to unlock at anytime but it takes 24 hours to process
Q: Binance is developing DEX any plans for BitMax ?
George Cao: Not anytime soon we have a looong to do:)
Q: It's good you have dex in mind , with improved scalability in future maybe bitmax can build good dex
George Cao: Agree
Q: Retail investors are important , George knows it haha
George Cao: We care most of retails
Q: It would help if they also burned or locked tokens up
George Cao: Yes we permanently locked
Q: Seems you have everything thought of.. but how about moving to Malta?
George Cao: We priority US. Once us is clear pretty much everywhere is clear
Q: Doesn’t any exchange cover US right now?
George Cao: Coinbase but they have 0 international coverage and 0 client service
Q: What sort of systems are in place for abnormal/suspicious activity on the exchange?
George Cao: We prohibit self trading. For unusual trading behavior we ban the account and as for explain in the first violation. For continued violations we permanently ban the account
Q: can we get a glimpse of mobile application ?
George Cao: There is a beta version you can use but we are keep improving
Q: What are the precautions taken to prevent wash trading ?
George Cao: We have pre trade and post trade checksums. E.g we don’t just scan one account. We check or related account
Q: Will market orders and stop-loss orders be available in the future?
George Cao: Yes we are working on it
Q: what do you think of lambda project and community
George Cao: Lambda is definitely one of the best projects this year. We have been working with lambda for months and have lots of respect ion for the team. Community is also great very well organized. I didn’t talk much but I joined lambda tele group for a while. Great interaction
Q: So the trading starts at 8 pm ETC?
George Cao: It’s postponed. Please stay tuned for announcements
Lambda: We will make announcement giving out time and new date.
Q: when please? It's also more professional to be able to give dates and respect them
Lambda Cao: we are working hard and aiming the date of Dec. 29, pls stay tuned, thank you
George: Unfortunately bitmax and lambda don’t have 100% control of the date and time. Huobi is holding the ball
Lambda: The listing dates have been postponed and we don't want to give out a random date. I request you to have patience and wait for official announcement
Lambda: we will try everything to protect retails interest
Q: Can’t let houbi just arrive late to the party?
Lambda: in the long run we may need Huobi to help us better protect us all
George Cao: We trust lambda team can make the best decision for all investors
Q: Have you been busy with listing recently? Anything else?
George Cao: We have been working 24 hours a day including Chris eve :) Listing and app and margin and lots of new improvements
Q: Why would we need huobi with bitmax on our side.
George Cao: Trust me we are as upset. However as an exchange our mission is to serve projects and investors. Please join us in fully supporting any decision lambda team made. We have 100% confidence in lambda
Q: Are you familiar with the REKTbot and SYSTEM OVERLOAD problems at bitmex
George Cao: Yes but still bitmex is the best place to trade future compare with okex
Q: Slap that Hayes fool when bitmax start margin and futures..
George Cao: Haha i don’t want to declare war with them. Let’s be a bit patient :)
Q: Could bitmax handle That volume and not system overload
George Cao: We are 100% confident
George Cao: Alright i have to run for another meeting. It’s been a great ama. Thanks everyone. For any trading related questions please contact our client support. We promise to get in touch in 5 mins 7/24. Thank you all!
Lambda: thank you for participation, have a nice day!
submitted by BitMax_Support to BitMax [link] [comments]

MINEDBLOCK: A Revolutionalized mining industry

Minedblock is a Revolutionary Infrastructure for Profitable Mining and Crypto Mining With the prospect of investors interested in using resources from large mining companies to get a few coins to prevent the purchase or storage of very expensive hardware.
Minedblock offers interesting features, including:
Structure: Here the yield momentum gets constant attention and is found between coins with the speed of achievement that changes in depth, the goal being resistance to first-class abilities.
Mining facilities are replaced one by one and replaced. In principle, it will also play a role, including ASIC mining resources in an effort to prevent Jota centralization, including building a variety of quantities that are easy to use by customers.
MinedBlock conducts an inventory to ensure that mining is an important aspect of current mining or the income of dependent individuals
MinedBlock models the possibility to consider whether mining as the incarnation of existing pool mining or even better depends on our individual hashing performance is first class for coin production.
hardware:
MinedBlock will primarily use a mix of ASIC units near a custom GPU mining rig.
Geographical location
Electricity costs and, of course, climate are important factors for decision making or selection of areas that are only thought politically to facilitate the kriptodobiv parties, which are otherwise needed to build mining farms somewhere and then there will be limited movement.
The first phase of building our mining land will use ASIC Bitcoin and Bitcoin money units when they start operating. They are assisted by an office in Iceland, where the atmosphere and energy costs are positive.
Our GPU devices are manufactured, managed and continue to move first from the UK to ensure they are reliable and easily watched remotely before moving to offices in Iceland, Canada or Sweden.
Adapt to change
Mining is clearly a very serious problem, so the initiators of the MinedBlock project will always monitor our mining lessons and appreciate where we can change our miners in different climates, increase the prospect of profit. Subsequent and subsequent updates and forks are also monitored to ensure that Minedblock is permanently prepared for adjustment.
basic needs
MinedBlock has two basic needs after the main implementation to increase the potential return on investment for our token owners:
• Increase our profits
• Reducing our costs
Increase profitability
• Mining operations develop from month to month
• Technology is maintained to ensure that we have the latest hardware
• Mining activities change fundamentally among coins to provide a basic guarantee that we are the most profitable
Reduce our costs
• Reducing energy costs by solar energy, different areas and other energy sources
• Reduce hosting costs by providing your own office space
Token information
Ticker: MBTX
Type: Utility-token
Accepted currencies: BTC, POLY, ETH, Fiat
Bonus Program:
Pre Sale Stage 1: 90% discount
Pre Sale Stage 2: 85% discount
Token Distribution:
0.38% - Airdrop
1.25% - Airdrop
3.37% - Retained
3.75% - Founders
91.25% - Pre-Sale
Funds Allocation:
80% - Mining Equipment
10% - Datacenter Build
10% - Reserve
ICO Details
Pre-ICO token supply: 60,000,000 MBTX
ICO token supply: 305,000,000 MBTX
Soft cap: 1,000,000 USD
Hard cap: 15,000,000 US
Website: https://www.minedblock.io/
Facebook: https://www.facebook.com/MinedBlock/
Twitter: https://twitter.com/mined_block
Reddit: https://www.reddit.com/MinedBlock
Twitter: https://t.me/minedblockofficial
WhitePaper Version 3.1: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Bountyox username: wandiiee
submitted by endowediphy to BountyICO [link] [comments]

Decred Journal — June 2018

Note: You can read this on GitHub, Medium or old Reddit to see the 207 links.

Development

The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal.
Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue.
dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues.
Ticket splitting: 11-way ticket split from last month has voted (transaction).
Ethereum support in atomicswap is progressing and welcomes more eyeballs.
decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page.
decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here.
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)

Network

Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1.
Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).

ASICs

Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.comtranslated, also on asicminervalue)
dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.

Integrations

bepool.org is a new mining pool spotted on dcred.eu.
Exchange integrations:
Two OTC trading desks are now shown on decred.org exchanges page.
BitPro payment gateway added Decred and posted on Reddit. Notably, it is fully functional without javascript or cookies and does not ask for name or email, among other features.
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their post or ask their representative on Reddit. Important: do your best to understand the security model before using any wallet software.

Adoption

Merchants:
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now mining Decred.

Events

Attended:
Upcoming:

Media

stakey.club: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
Second iteration of Chinese ratings released. Compared to the first issue, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Videos:
Audio:
Featured articles:
Articles:

Community Discussions

Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS.
A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance" article was discussed on Reddit and #governance.
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here.
Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.

Markets

DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.

Relevant External

Obelisk announced Launchpad service. The idea is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash was hit by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos announced a surprise identification procedure to claim tokens (non-javascript version).
A hacker broke into Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to verify binaries after download.
Circle announced new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)

About This Issue

This is the third issue of Decred Journal after April and May.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue.
As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
submitted by jet_user to decred [link] [comments]

About MinedBlock: Mining As A Service

The Bitcoin Blockchain has been clogged because of the quantities of diggers on the system, so along these lines making mining troublesome. Be that as it may, mining which is a prominent technique for gaining Bitcoin requires a higher measure of preparing power. The more the handling power you have, the quicker the confirmation of installments. The most recent investigation distributed in the diary Joule, looked into that the whole Bitcoin organize devours about 2.55 gigawatts of power as of now, and can reach to 7.67 gigawatts in future. The development of MINEDBLOCK will help make a one of a kind mining office which will concentrate on mining various coins from inside the best 50 by market top to guarantee most extreme income for clients to appreciate.

MINEDBLOCK SOLUTIONS AND DISTINCTIVENES

MinedBlock will start a security Token Offering utilizing the Polymath ST20 to offer financial specialists the chance to appreciate included preferred standpoint of using the assets from an extensive scale mining task without the need to purchase, arrange and oversee costly mining hardware. MInedBlock will likewise offer mining administration where clients can confide in the group to provide food for the hardware and guarantee that the mining gear are doing admirably with most reduced working expenses.
MInedBlock influences blockchain innovation and the decentralized strategy in making a mining office that will for the most part be for mining numerous coins from the best 50 in the cryptocurrency showcase. Doin this will help make mindfulness and advantages to clients.
MinedBlock exhibit straightforwardness to clients as they will help keep up, supplant and grow and be in charge of the expense of physical resources.
MinedBlock will use a blend of ASIC units with Custom Built GPU Mining Rigs. Venture will be isolated in to the underneath hardware:
Bitmain Antminer S9 – BTC/BCH (BCHABC)
Bitmain Antminer L3++ – LTC
Bitmain Antminer D3 – Dash
Custom manufactured 8 GPU apparatuses – ETH/ETC
The MinedBlock Mining homestead will be arranged in Iceland, reason in light of the accessibility of power cost and the climate state of the nation. The will use the ASIC Bitcoin and Bitcoin Cash mining units with GPU mining rigs manufactured and designed from the UK. MinedBlock will adjust to changes and illuminate clients on the best diggers that would give benefits. The group will be in charge of assessment and observing.
MinedBlock additionally plans to have assortments of masternode to have the capacity to geerate income for token holders which will moreover build the ROI every month.

THE MINEDBLOCK TOKEN (MBTX)

The MinedBlock (MBTX) Token is a ST-20 token sent on Polymath platform on the Ethereum blockchain innovation. The token will be kept running as a Security Token Offering to empower income sharing business technique.
Holders of MBXT Token will benefits and win ETH by holding the MBTX Token.
Holders will win mining income amid the vesting time frame.
A token repurchase will likewise be started by the group to build the esteem.

TOKEN SALE

Financial specialists will experience KYC to be qualified for the token deals while US speculators should be certify before participating in the deals. The token will likewise be liable to 90 days vesting period from the date the softcap is accomplished.
ICO- Information/Dates:
Symbol: MBTX
Token type: ETH (ERC20)
ICO Price: 0.15 USD
Min purchase: 300 USD
Total supply: 400,000,000 MBTX
Available for sale: 365,000,000 MBTX
Soft cap: 3,500,000 USD
Hard cap: 32,000,000 USD
ICO Start Day: TBA
Resource Materials can be found here;
https://www.minedblock.io/
https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Bounty0x Username - chudidonas
submitted by Favoritecryptocat to Crypto_General [link] [comments]

4New - Frequently Asked Questions

Is the KWATT Token an ERC-20 Token?
Yes, the KWATT token is based the ERC-20 token standard and Ethereum-powered smart contracts. Once the blockchain is developed, the token will be swapped out for the KWATT coin which will interact with the blockchain. The total token offering is three hundred million tokens (300,000,000). This is the hard cap limit for the crowd sale offering. Each KWATT Coin represents 1 kilowatt of electricity per year.
How Can KWATT Coin Holders Use Their Coins?
KWATT Coin holders will be able to apply their energy to one of two places. They can either sell their energy to the UK National Grid, or they can choose to apply it towards 4NEW’s cryptocurrency mining farm. At the start of each year, KWATT Coin holders will be able to choose how their energy is used. Energy is determined by the total amount of KWATT Coins in their control at the time of this election. Management reserves the right to determine a user’s energy allocation if a decision is not made within the allotted time frame.
Is the Business Model Scalable?
Each year, 35% of profits are allocated towards the development of additional plants. This will increase business longevity and scalability.

What is 4NEW’s Accounting Procedure?

4NEW’s financial statements will be maintained at Zucker Forensics P.A. Zucker Forensics is a credentialed forensic accounting firm with a staff of U.S. Certified Public Accountants (CPAs). The team has over 35 years of forensic accounting experience and specializes in identifying fraudulent accounting practices.
Who Audits 4NEW?
4NEW’s independent auditor is Daszkal Bolton LLP. Over a 26 year tenure, Daszkal Bolton has forged an illustrious track record that includes highly profitable companies from every sector. In an effort to comply with the highest ethical standards, 4NEW management will submit to annual audits.
How Bad is Bitcoin’s Energy Waste?
The energy inefficiency of Bitcoin mining is significantly greater than initially anticipated, and the associated carbon footprint is worrisome. Bitmain serves as a perfect example. Their mining operation consists of 25,000 units in total, seven buildings housing 21,000 ASIC Bitcoin rigs, and another building with 4,000 Litecoin rigs. Their profits are around $200,000 per day, after paying for 40 mW of $0.05 per kilowatt-hour, coal-powered electricity totaling $40,000. This is in addition to paying 50 salaried employees.
The mining operation produces a lot of heat, resulting in a higher-than-usual malfunction rate. Cooling costs to keep the devices at normal temperatures are about one fifth of the total power consumption.
The mine’s total footprint is between 24-40 tons of CO2 per hour. This mean the total energy consumption of the Bitcoin network processes about 200 tons of CO2 per hour at minimum. The footprint could be significantly reduced if the source of energy is substituted for a greener method.
Bitmain’s plant consumes 40 megawatts per hour (approximately 5% of the total Bitcoin output), the same output capacity of the 4NEW plant. Therefore, it is possible for our operation to scale in the same way. At approximately 5% market share of a $20 billion Bitcoin mining sector, the projected market capitalization of 4NEW revenues is roughly $1 billion.
submitted by airdroptime to cryptocurrencynewico [link] [comments]

MinedBlock Solutions And Distinctivenes

  1. Bitmain Antminer S9 –BTC/BCH (BCHABC)
  2. Bitmain Antminer L3++ –LTC
  3. Bitmain Antminer D3 –Dash
  4. Custom built 8 GPU rigs –ETH/ETC

You can use the links below to learn more details about the project and join the token sale.
Website
Whitepaper
Telegram
Reddit
Twitter
Facebook
bounty0x username: hashin
submitted by tgzcoin to ICOAnalysis [link] [comments]

MINEDBLOCK SOLUTIONS AND DISTINCTIVENES

MinedBlock will start a security Token Offering utilizing the Polymath ST20 to offer financial specialists the chance to appreciate included preferred standpoint of using the assets from an extensive scale mining task without the need to purchase, arrange and oversee costly mining hardware. MInedBlock will likewise offer mining administration where clients can confide in the group to provide food for the hardware and guarantee that the mining gear are doing admirably with most reduced working expenses.
MInedBlock influences blockchain innovation and the decentralized strategy in making a mining office that will for the most part be for mining numerous coins from the best 50 in the cryptocurrency showcase. Doin this will help make mindfulness and advantages to clients.
MinedBlock exhibit straightforwardness to clients as they will help keep up, supplant and grow and be in charge of the expense of physical resources.
MinedBlock will use a blend of ASIC units with Custom Built GPU Mining Rigs. Venture will be isolated in to the underneath hardware:
Bitmain Antminer S9 – BTC/BCH (BCHABC)
Bitmain Antminer L3++ – LTC
Bitmain Antminer D3 – Dash
Custom manufactured 8 GPU apparatuses – ETH/ETC
The MinedBlock Mining homestead will be arranged in Iceland, reason in light of the accessibility of power cost and the climate state of the nation. The will use the ASIC Bitcoin and Bitcoin Cash mining units with GPU mining rigs manufactured and designed from the UK.
MinedBlock will adjust to changes and illuminate clients on the best diggers that would give benefits. The group will be in charge of assessment and observing.
MinedBlock additionally plans to have assortments of masternode to have the capacity to geerate income for token holders which will moreover build the ROI every month.
THE MINEDBLOCK TOKEN (MBTX)
The MinedBlock (MBTX) Token is a ST-20 token sent on Polymath platform on the Ethereum blockchain innovation. The token will be kept running as a Security Token Offering to empower income sharing business technique.
Minedblock coins will be held completely cold storage until the time has come to disperse income and rewards to investors. This will help in securing the platform and assets of its customers. With minedblock, there is no compelling reason to choose which coin or token you might want to mine simply because there is a wide range of crypto to guarantee you get a decent spread and boost benefits.
Minedblock is also designed to give zero configurations to its users simply because the whole setup and arrangements would be made by Minedblock platform. This will save users from the setup stress and likewise resources. There is 100% transparency in minedblock platform. All activities in minedblock will be imparted to the locale and made public. There is also constant support and help group within the platform, the help group will ensure things are been run smoothly without any difficulties.
Minedblock will rewards its miner with not just the token but as well as ETH which I believe most users and investors will find very profitable to them
Minedblock will adopt the use of dual token model which comprises of both utility and security token. Security token will enable the users to earn passive income while the utility token will enable users to pay for different services within the platform.
TOKEN DISTRIBUTION 95% Allocated to token sale 5% Allocated to founding team
FUND DISTRIBUTION 80% Allocated to Mining equipment 10% Allocated to building of data centre 10% Allocated to Reserve
MONTHLY REVENUE DISTRIBUTION 75% Distributed to token holders 10% Allocated to expansion 10% Allocated to operational costs 5% Allocated to Token buy back
Useful Links
Website: https://www.minedblock.io Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf Telegram: https://t.me/minedblockofficial Reddit: https://www.reddit.com/MinedBlock
Author Information
Bounty0x Username: sebastianlbj
submitted by seblbj to ICOAnalysis [link] [comments]

MinedBlock Review

MINEDBLOCK REVIEW #1


Introduction
The birth of bitcoin led to several hundreds of cryptocurrencies, though the main idea behind cryptocurrency is to secure and anonymous way to transfer currency from one person to another. To further develop this anonymity, Satoshi Nakamoto developed a digital ledger of bitcoins transactions called Blockchain. The digital currency Bitcoin has now taken the world by storm. Despite new innovations and technology of green energy in power sector, the amount of electricity spent in the process of mining bitcoin has essentially become a huge barrier since past few years. Since many cannot afford to buy Bitcoin directly from merchant or individuals, they turn to mining.
The Bitcoin Blockchain has been congested due to the numbers of miners on the network, so therefore making mining difficult. However, mining which is a very popular method of earning Bitcoin requires a higher amount of processing power. The more the processing power you have, the faster the verification of payments. The latest study published in the journal Joule, researched that the entire Bitcoin network consumes about 2.55 gigawatts of electricity currently, and can reach to 7.67 gigawatts in future. The innovation of MINEDBLOCK will help create a unique mining facility which will focus on mining multiple coins from within the top 50 by market cap to ensure maximum revenue for customers to enjoy.
MINEDBLOCK SOLUTIONS AND DISTINCTIVENES
THE MINEDBLOCK TOKEN (MBTX)
The MinedBlock (MBTX) Token is an ST-20 token deployed on Polymath platform on the Ethereum blockchain technology. The token will be run as a Security Token Offering to enable revenue sharing business strategy.
MinedBlock utilizes two different tokens model in the operation model. These are Security Token and Utility Token. The utility token is MBTU which is an ERC-20 Token built on the Ethereum blockchain technology.
USE CASES OF MBTX AND MBTU
TOKEN SALE
Investors will go through KYC to be eligible for the token sales while US investors will have to be accredited before taking part in the sales. The token will also be subject to 90 days vesting period from the date the softcap is achieved.

Kindly visit the below website for more in depth knowledge about the project:
Website: https://www.minedblock.io/
Whiteppaer: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Facebook: https://www.facebook.com/MinedBlock/
Twitter: https://twitter.com/mined_block
Telegram: https://t.me/minedblockofficial
Reddit: https://www.reddit.com/MinedBlock
https://www.youtube.com/watch?v=qj9qKmcrTbg
bounty0x.io id : kupabeyi
ETH adress : 0xe6b015ceEb86d7f828DF95E1B595138F14129D5a
submitted by fa0ti2h to u/fa0ti2h [link] [comments]

MinedBlock

About MinedBlock

MinedBlock provides mining services as a product where the firm manages all the equipment and ensures that they are functioning optimally throughout the day with low operating costs and high efficiency. This crypto mining firm is able to provide this level of dedicated service as they will launch a mining facility that emphasizes on mining the top altcoins by market capitalization to guarantee a wide range of income streams for clients. Using this large-scale mining operation, MinedBlock will assist in improving the decentralization of altcoins and also enhance its own decentralization via the international distribution of data centers.

What MinedBlock Proposes

A key principle that is driving MinedBlock is ensuring that clients get the utmost levels of transparency. Hence, the firm will be fully open regarding their plans, revenue production, and ongoing mining progress. Like dashboards and instant updates will be used to show the latest hash rates across all cryptocurrencies being mined as well as projected revenues with MBTX tokens. MinedBlock is also committed to shaping its mining projects around customer feedback, which

MBTX Token

The utility token, MBTX, will be sold during the ICO to launch the MinedBlock service. This token will act as the key for accessing and paying for MinedBlock services. However, the team was keen to not that they don many any guarantee or promise on the future price potential of this non-mintable ERC-20 token.

Mining Strategy

MinedBlock will constantly keep track of mining activities and switch between altcoins when the success rate and difficulty fluctuate. The eventual goal will be maintaining the utmost efficiency during their operations to increase profits and minimize resource wastage. The firm will also determine whether using existing mining pools or relying on its own hash rate will produce the best output.
Regarding hardware, Mineblock will deploy a mix of customized GPU mining units along with ASIC rigs. All mining hardware will be replaced and resold frequently while using different ASIC suppliers to avoid any centralization and also to enhance the diversity of clients.
For location, climate and electricity costs are primary considerations alongside the political reception of the hosting country. The first mining farm will use ASIC BCH and bitcoin mining units and it will be hosted in an Iceland facility where the electricity expenses and climate are advantageous. Meanwhile, the GPU rigs will be set up in the UK initially, before being transported to facilities in either Canada, Sweden or Iceland.

ICO Details

Token Distribution
Distribution of ICO Funding
Revenue distribution

Bounty0x name: semih67
submitted by 67semih to IcoInvestor [link] [comments]

MinedBlock TOKEN

MinedBlock offers the opportunity for investors to take advantage of using the resources from a large-scale mining operation, mining multiple crypto assets without the need to buy, configure and maintain expensive mining equipment.
MinedBlock are running a Security Token Offering (STO) utilizing the Polymath ST20 to raise subsidizing to empower us to offer the open door for speculators to exploit utilizing the assets from a huge scale mining task without the need to purchase, arrange and keep up costly mining hardware. Minedblock will offer a completely overseen mining administration where you can depend on their group to care for the hardware and guarantee they are working at greatest profitability every minute of every day with the least working costs.
The MinedBlock Mining residence will be orchestrated in Iceland, reason in the light of the openness of intensity cost and the atmosphere condition of the country. The will utilize the ASIC Bitcoin and Bitcoin Money mining units with GPU mining rigs produced and planned from the UK. MinedBlock will acclimate to changes and light up customers on the best diggers that would give benefits. The gathering will be responsible for evaluation and watching. MinedBlock furthermore plans to have combinations of masternode to have the ability to generate salary for token holders which will besides construct the return on initial capital investment consistently.
MinedBlock will distribute 75% of their mined revenue every month to their token holders in ETH. The 25% left will be used to expand the mining facilities and buy back the tokens at market price which will reduce the circulation. Holding MBTX for long term will have benefits such as, the amount of ETH, which holders receive each month, will increase as they hold a larger percentage of the supply while the mining facility will be growing which means increased output.
MinedBlock will also make a committed mining office which centers on mining different coins from inside the best 50 by market top to guarantee a different scope of income streams for clients to advantage from. Through the proposed expansive scale task, they will help improve the decentralization of coins where there are as of now extensive pools overwhelming the hash rates of well known coins. MinedBlock will likewise be progressing in the direction of a dimension of decentralization inside our own organize through worldwide circulation of our mining server farms.
MinedBlock also aims to be a fully transparent company. They will have customer dashboard, as a live service, to show all the live stats along with mining revenue generated and predicted distribution based on the specific holdings. Future plans for mining activities will be voted through dashboard threfore everyone in the MinedBlock community has the right to shape the future of company.
MinedBlock will continually monitor mining activities and switch between altcoins when the achievement rate and trouble change. The inevitable objective will keep up the most extreme effectiveness amid their tasks to build benefits and limit asset wastage. The firm will likewise decide if utilizing existing mining pools or depending alone hash rate will deliver the best yield.
As to, Mineblock will send a blend of modified GPU mining units alongside ASIC rigs. All mining equipment will be supplanted and exchanged as often as possible while utilizing distinctive ASIC providers to evade any centralization and furthermore to improve the assorted variety of customers.
MinedBlock offers a more realistic and practical mining solution for users who have been facing high process complexity. This platform provides digital token mining facilities for various types of digital currencies. By using the ASIC application for integrated circuit mining, this application will run a computer system to complete a task which in this case is completing the mining process. There is AndMinerS9i which is an ASIC miner supported by 189 individual chips specifically created to complete SHA-256 encryption. If the encryption is successfully solved, the block will be immediately solved as well so that the miner can open it and get the tokens stored in it.
ICO Details of MBTX Token
ICO Details of MBTU TOKEN
Details of Token Distribution of MBTU Token
TOKEN DISTRIBUTION DETAILS OF MBTX TOKEN
Details of Allocation of Fund of MBTX Token
Monthly Revenue Distribution Details
Learn more about "MinedBlock" Project,
Website : https:// www.minedblock.io/ White Paper : https:// www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Telegram : https:// t.me/minedblockofficial Twitter: https:// www.twitter.com/mined_block
Facebook : https:// www.facebook.com/MinedBlock/ Reddit : https:// www.reddit.com/MinedBlock
Bnty0x name : Sun12
submitted by Signal693 to ico [link] [comments]

DISTINCTIVENESS OF MINEDBLOCK

DISTINCTIVENESS OF MINEDBLOCK
https://preview.redd.it/m5pnuflfjyv21.png?width=936&format=png&auto=webp&s=42e3d72638c11f76336582ea3e9c884acef4e4e5
MINEDBLOCK will help create a unique mining facility which will focus on mining multiple coins from within the top 50 by market cap to ensure maximum revenue for customers to enjoy.
MinedBlock leverages blockchain technology and the decentralized method in creating a mining facility that will be mainly for mining many coins from the top 50 in the cryptocurrency market.
MinedBlock showcase transparency to customers as they will help maintain, replace and expand and be responsible for the cost of physical assets.
MInedBlock will utilize a mixture of ASIC units with Custom Built GPU Mining Rigs. Investment will be divided in to the below equipment:
  • Bitmain Antminer S9 –BTC/BCH (BCHABC)
  • Bitmain Antminer L3++ –LTC
  • Bitmain Antminer D3 –Dash
  • Custom built 8 GPU rigs –ETH/ETC
The MinedBlock Mining farm will be situated in Iceland as it a cryptocurrency friendly county where the cost of electricity is less and the weather condition is fine. Thy will be utilizing the ASIC Bitcoin and Bitcoin Cash mining units with GPU mining rigs built and configured from the UK before moving them to a facility in either Iceland, Canada or Sweden.
Mining activities will be monitored and switched between coins when the difficulty and success rate fluctuate. The aim is to maintain maximum efficiency.
The MinedBlock Token sale will run as Security Token Offering to enable our compliant revenue sharing business model. This is the best way as it will help protects both the business and customers from any future regulation.
Kindly visit the below website for more in depth knowledge about the project:
Website: https://www.minedblock.io/
Whiteppaer: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Author’s bountyOx username : Obembe
submitted by bboossmmaann to CryptocurrencyICO [link] [comments]

The MINEDBLOCK..... mining as a service

The MINEDBLOCK..... mining as a service

https://preview.redd.it/6n0nngs2ulv21.jpg?width=390&format=pjpg&auto=webp&s=74efd8f5e8724c111f9892321180571aa7de9025
About MinedBlock
MinedBlock gives mining organizations as a thing where the firm arrangements with all the apparatus and ensures that they are working in a perfect world for the length of the day with low working costs and high capability. This crypto mining firm can give this element of diligent work as they will dispatch a mining office that underlines on mining the top altcoins by market capitalization to guarantee a wide extent of pay streams for clients. Using this broad scale mining task, MinedBlock will help with improving the decentralization of altcoins and moreover redesign its own one of a kind decentralization by methods for the worldwide movement of server ranches. MinedBlock offers the open entryway for theorists to misuse using the advantages from a gigantic scale mining action, mining various crypto assets without the need to buy, mastermind and keep up exorbitant mining equipment.
The mindblock Mission
"Our vision is to transformed into an important player in the advanced cash field and for MinedBlock to have a basic bit of the system required to process trades and mint new crypto assets. This will enable our theorists to secure a tremendous rate of productivity while we use a compelling improvement technique to position ourselves as the 'Amazon' of the crypto mining industry"
What MinedBlock Proposes
A key principle that is driving MinedBlock is ensuring that clients get the most extraordinary components of straightforwardness. From this time forward, the firm will be totally open with respect to their game plans, salary age, and nonstop mining advancement. Like dashboards and minute updates will be used to show the latest hash rates in general advanced types of cash being mined similarly as foreseen earnings with MBTX tokens. MinedBlock is furthermore devoted to trim its mining adventures around customer analysis, which
MBTX Token
The utility token, MBTX, will be sold in the midst of the ICO to dispatch the MinedBlock organization. This token will go about as the key for getting to and paying for MinedBlock organizations. Nevertheless, the gathering rushed to take note of that they wear various any affirmation or certification on the future esteem capacity of this non-mintable ERC-20 token.
Mining Strategy
MinedBlock will ceaselessly screen mining activities and switch between altcoins when the accomplishment rate and inconvenience differ. The conceivable target will keep up the most extraordinary efficiency in the midst of their errands to manufacture advantages and farthest point resource wastage. The firm will in like manner choose if using existing mining pools or depending without any other individual hash rate will convey the best yield.
Concerning, Mineblock will pass on a mix of revamping GPU mining units close by ASIC rigs. All mining hardware will be displaced and traded as frequently as would be prudent while using particular ASIC suppliers to avoid any centralization and moreover to redesign the conventional assortment of clients.
For the region, air and power costs are basic considerations near to the political social occasion of the encouraging country. The primary mining farm will use ASIC BCH and bitcoin mining units and it will be encouraged in an Iceland office where the power expenses and air are precious. Meanwhile, the GPU contraptions will be set up in the UK at first, before being transported to workplaces in either Canada, Sweden or Iceland.
Token Model
- The mindblock Dual Token Model
MinedBlock uses two particular tokens in our movement model which is contained a Security Token enabling a simple income and a Utility Token which engages access to remuneration as you go mining organization. More Details beneath:

ICO Details Token: MBTX Platform: Ethereum Total token supply: 400 million Accepted currencies: BCH, LTC, USD, ETH, and BTC Minimum investment: $300
Token Distribution We don't have a Cap on a most extreme supply at this stage. The idea of the task is with the end goal that the more prominent the number of tokens sold the bigger the underlying administration will be along these lines it is in all gatherings intrigue not to confine the most extreme probability.
Tokens will be Disseminated as Underneath:
Referral bounty: 1.5 million Free airdrops: 5 million Retained tokens for future company incentives: 13.5 million Founders: 15 million Public sale: 365 million
Distribution of ICO Funding Mining equipment; 80% Datacenter build: 10% Reserve: 10%
Revenue Distribution Distributed to MBTX holders: 75% Expansion costs: 10% Operational expenses: 10% MBTX buyback: 5% Roadmap 2018 Q1 Project Concept Defined
Q2 Company Registration Team Formed Original Whitepaper Written Q3 ICO Presale Begin
Q4 ICO Halted – Changed to STO Whitepaper Version 3 Airdrop & Bounties Ended SEC Exemption Filed 2019 Q1 Security Token Offering Starts Q2 Security Token Offering Ends Data Centre Build Begins Hardware Ordered Q3 Mining Starts First Dividends Paid Exchange Listings
Q4 Mining Expansion starts Investor Dashboard Launched
2020 Q1
Solar Farm Location Search Design of Solar Facilities Q2 Application for Solar Development Permission Solar Funding Round Q3 Solar Farm Build Planning for second Mining Farm Location Q4 Second Mining Farm Build The MinedBlock Team Members Founding Team Advisors - Paul Bishop Co-Founder & COO Greg Wales Co-Founder & CEO Kamal Mustafa Advisor
Ruhin Khan Marketing Consultant Matt Ruff CSO For more information, please visit the following links: Website: https://www.minedblock.io/
Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf BountyOx username: cryptounique
submitted by 1loveone to BountyICO [link] [comments]

faq / kaasy.ai

What is the company behind this project?
Kaasy is established in London, UK. Company Name: KAASY AI LTD, number 11521291
Who are your competitors?
Golem - We include many more features, like AI marketplace & skill rewards
SONM - We include many more features, like AI marketplace & skill rewards
DeepBrain - They are a smart contracts platform for AI algorithms + distributed infrastructure; no Intellectual Property side for skill rewards
iExec - Only a token on ETH blockchain vs. Own blockchain with mining & skills rewards
IAGON - We include many more features, like AI marketplace & skill rewards - personal note, that project is unlikely to be built because of wrong ideas in White Paper
What differentiates your model?
We introduced Skill Rewards. In current terminology, the closest you can find in the industry are patent royalties. In essence, the first user to teach the system a new skill (technique, algorithm) will gain rewards when that skill is used by others in the future. The user willing to run anything on the Kaasy network will have to pay for both the processing time and skill requirements.
What is the team's experience in the bitcoin/crypto community?
Most of the team has been involved in creating a crypto-exchange & trading website, www.ldvbank.com, after trading considerable amounts, some of us even since 2009. We have been mining ETH based coins since 2016, in our own above 200 rigs farm.
What would the future look like if your project is successful?
Succesful completion of the KAASY.AI project will have a disruption effect in the Human Resources market, where many repetitive jobs will be automated, replicating techniques between companies and industries. This will free many to find more fullfilling employment.
What is the adaption strategy? How do you plan to grow the user base?
The MiningOS is a Linux based OS targeted at crypto mining individuals and farms.
The next milestones are oriented to both consumer and general industry, aiming to make Kaasy a go-to personal assistant for the general public.
The last milestone, RoboticsOS, makes the connection between the virtual and physical worlds, enabling Kaasy programs and skills to be applied to manual labor jobs, using different robots as End-Effectors.
Do you have a Referral Program?
Yes, we offer brand ambassadors the chance to earn revenue promoting Kaasy - revenues range between 4% and 10%, depending on the total amount brought in by each ambassador. Payment is at the end of the ICO.
What is your token?
Right now the Smart Contract is live on the Ethereum Network, at https://etherscan.io/address/0x714c1ef3854591d4118bd6887d4740bc4d5f5412. Upon launching our own blockchain in 2019, all owners of KAAS tokens will be able to change their KAAS tokens for coins on the new blockchain
How does your token work?
At first we have a standard Ethereum network token. We expect to launch our own blockchain in Q3 2019, moment at which we will exchange all KAAS tokens into coins on the new blockchain.
Can this be done without blockchain?
It cannot be done in a proper decentralized democratized way. AI can be developed without blockchain, yet blockchain might well be the technology that helps us humans understand AI.
What is the Total Supply?
Total Supply is 500M. Unsold Tokens will be not be minted.
What is the Circulating Supply?
Total Circulating supply won't be known until the end result of the ICO; We started with 200M at the start of the smart contract, for team, marketing & other purposes, and the next 300M represent the 60% offered for investment.
What happens to unsold tokens?
Unsold tokens will be not minted, keeping the total amount to only what was minted.
How long are the company tokens locked?
2 year vesting process, distributing proportional % every month via smart contract.
How long are advisor tokens locked?
They are not locked, as they will be provided from the first vestings of the team tokens.
What exchanges are you planning on listing on?
After the Token Sale, one of our main priorities will be to list the token on main exchanges. Our tokens are Ethereum ERC20-based and exchanges implementation should be smooth. We will list the token for sure on our trading platform www.ldvbank.com and also on COSS.io where our advisor Andrei Popescu is cofounder.
Who can contribute?
All countries except USA, China, Japan
Do you plan to buy back or burn tokens?
Burn unsold tokens = we will only mint 40% for different purposes mentioned in the WP and all that is automatically minted by the smart contract upon receiving ETH from KYC-white-listed addresses.
submitted by Etanoma to Kaasyai [link] [comments]

Of Wolves and Weasels - Day 160 - DOGE4DOGE - That Awkward Phase

Hey all! GoodShibe here!
One of the key principles of the DOGE4DOGE campaign has been trying to help people remember to re-buy whatever Dogecoin that they spend and use.
I can see a whole lot of Dogecoin moving around, being given to charitable causes and whatnot but I do find myself wondering how much we're picking back up off of the exchanges once it's been dumped there.
Buy it, spend it/tip it, re-fill it.
And, yes, sometimes that's easier than others, getting into the process of buying Dogecoins can be a hassle -- especially when converting from Fiat. But considering that the vast majority of us collected here are already 'believers', taking the time to get yourself set up on an exchange (as we work to simplify the buying process) isn't all that much to ask.
Some simple ways to help contribute?
sh2003 just shared with me Cleanitsupply - a US-based company that allows you to buy home essentials (cleaning supplies and more) with Dogecoin.
This, unfortunately, only seems to serve the US - but it's a great start!
The more options we have, the more stores allowing us to buy actual, useful items (remember that request list that we built last week?) the better off we'll all be.
Find it, buy it, send your DOGEs, re-buy your DOGEs.
It's through actions like these that we can start to un-stick the gears and get our DOGEconomy rolling.
The big question, the sort of elephant in the room, that I'm sensing as of late -- especially as mining becomes more difficult -- is 'why am I converting fiat to Dogecoin if I'm just re-buying Dogecoin?'
One of the sort of interesting observations that I've had, especially as we see those early easily-gotten Dogecoin mining funds dry up from various outreach efforts, is that there's a sort of real hesitation to spend 'real' money on Dogecoin.
Again, not a criticism, just an observation.
What it puts forward is this idea that, well, it's a lot easier to spend free money. Now, to be fair, it's a criticism that's been shared amongst pretty much every other coin as well, but it's one thing that seems to be coming more pronounced with Dogecoin. I'm thinking it's because the halvenings are so frequent, the coin supplies hit so hard at first and then, well, halved -- again and again -- it made it harder for people to re-supply themselves for 'free'.
Now that it's starting to cost 'real' money to get involved, for the average person, it's not as attractive. Especially as we've yet to find our own 'killer app' that you MUST have Dogecoin to use.
This is, well, it's a symptom of our 'awkward teenage years' so to speak. You know that fun part of puberty where things don't always seem to be growing at the same rate -- some things look lop-sided and/or gangly and/or 'different'. We're in that phase where we're in the process of growing up to be whomever we're going to be as an internet currency.
Now's the time for us to get out there and get active, start working on that financial six-pack, maybe read some great books so that we'll have something interesting to talk about when other currencies come calling.
Because, like puberty, it's a fine balance of internal and external growth. The work done now can, quite literally, re-shape how you look and feel and interact with the world as an adult.
And, well, adulthood for us... it's not that far off. We're right in the middle of a metamorphosis... and big things are coming our way.
It's something we all just have to make our peace with and ride through, together.
But, since we're here, grab some DOGEs and fill up your caches - prep yourself for the next surge forward.
Because it's on the horizon.
Or maybe the atmosphere.
Dogecoin is going to the Moon.
Literally.
And it's not going to cost you a dime.
It's 9:03AM EST and we're at 82.94% of DOGEs found. Our Global Hashrate is seeing a massive spike from ~52 to ~65 Gigahashes per second and our Difficulty is also spiking from ~695 to a massive ~1275.
Looks like the multipools are back in force.
As always, I appreciate your support!
GoodShibe
If you have work you need done, please consider hiring a Shibe first from our BOOTSTRAP SERVICE ECONOMY
If you have skills to sell for Dogecoin or would like to hire a skill that's not on the above list - let me know in the comments and I'll add your request here.
If you want to build a team or have a project you want to move forward, let me know in the comments.
If you have an artist you want to shout out or work you think needs more attention, or sale on the way or a business on the rise... let me know in the comments.
Together, we rise, my friends!
Services on Offer
Help Wanted
Projects Starting
Projects Ongoing
Sales and Specials at Dogecoin Businesses
submitted by GoodShibe to dogecoin [link] [comments]

Futures Falls On Chip Carnage As World Await Brexit Verdict

Stocks in Europe faded early gains and S&P futures fell after a mixed session in Asia as chip stocks were taken to the woodshed on poor guidance from Nvidia and Applied Materials sparked fears that the chip bull run is over, while investors wondered whether China and America can de-escalate their trade war after mixed signals by US officials just days before the G-20 summit.

The euro failed to rebound while the sterling halted its biggest drop in 2 years after some of the most dramatic 24 hours yet in the Brexit process and another turbulent week for world markets. With reports of a UK leadership coup still rife and fear that the country could crash out of the EU without an agreement, cable struggled to rise above $1.28.

Meanwhile traders around the world were waiting for an outcome from the ongoing Brexit saga: “If and when a vote on the withdrawal agreement occurs is uncertain. Whether the withdrawal bill is passed by both houses of Parliament is uncertain,” Joseph Capurso, a senior currency strategist at CBA, said in a note. “Whether the Prime Minister resigns or is challenged for the leadership is uncertain. And, whether there is a second referendum and/or an election is uncertain.”
Fears over political turmoil in the UK and Italy dragged Europe's Stoxx 600 back into the red, set for its first weekly drop in three, trimming Friday’s gain as AstraZeneca's drop weighed on the gauge after a cancer-drug setback while telecom names were outperforming. Utilities started the session lower in the wake of yesterday’s ECJ decision which deemed the UK’s scheme for ensuring power supplies during the winter months as a violation of state aid rules. Other individual movers include Vivendi (+4.2%) sit at the top of the Stoxx 600 after posting impressive Q3 sales metrics and announcing a potential sale of part of their Universal Music Group division. Elsewhere, AstraZeneca (-2.3%) and Shire (-1.3%) have been seen lower throughout the session after both posting disappointing drug updates.
Not helping sentiment, ECB head Mario Draghi said the bank still plans to dial back its stimulus at the end of the year, but acknowledged the economy had hit a soft patch and inflation may rise more slowly than expected. “If firms start to become more uncertain about the growth and inflation outlook, the squeeze on margins could prove more persistent,” Draghi told a conference.
Earlier in the day, Asian shares ended the session in the red (MSCI Asia -0.2% to 151.52), led lower by declines in Japan, even as China and Hong Kong rose after initial reports the United States might pause further China tariffs were denied by Commerce Secretary Wilbur Ross who damped hopes of any imminent trade deal with China. The Nikkei fell 0.6% pressured by a drop in the USDJPY after China Mofcom began an investigation into alleged dumping of machine tools by Japanese firms. The Hang Seng (+0.3%) and Shanghai Comp. (+0.4%) swung between gains and losses after continued liquidity inaction by the PBoC which skipped Reverse Repos for a 16th consecutive occasion.
S&P futures were hit on fresh slowdown concerns, this time out of the semiconductochip space, after Nvidia gave a dire sales forecast, projecting a 20% drop in revenue while a disappointing outlook from Applied Materials indicated the chip industry is holding off on expansion plans in the face of a murky outlook for electronics demand. The chipmaking sector saw another bout of selling in Asia, wiping at least $11.2 billion in market value amid signals that demand for servers, personal computers and mobile is falling.

Also falling after hours were shares of AMD and Intel, dragging Nasdaq futures lower.
"It started with Apple, then Nvidia ... Since performances of these companies set the tone for the global tech and chip industries, related Japanese stocks will likely be sluggish for a while,” said Takatoshi Itoshima, a strategist at Pictet Asset Management.
The Bloomberg Dollar Spot Index was little changed after Fed Chairman Powell flagged his concern over potential headwinds for the U.S. economy, while the pound staged a modest rebound on reports that some pro-Brexit ministers decided to stay in their governmental posts. The pound gained as U.K. Prime Minister Theresa May defied demands to quit and amid reports her environment secretary wouldn’t resign, following the resignation of several ministers Thursday. The yen rallied as trade stress simmered, with investors trying to gauge whether China and the U.S. can de-escalate their dispute.
Also under water was the cryptocurrency Bitcoin, which hit a one-year trough overnight. It had tumbled 10 percent early in the week when support at $6,000 gave way. It was last changing hands at $5,500 on the Bitstamp platform.
Treasuries were steady while 10-year yields on German bonds were set for their biggest weekly fall in three weeks, in a sign that the Brexit uncertainty and worries about Italy’s finances, continued to support demand. Italian bonds edged higher even as European Commission Vice President Valdis Dombrovskis said in an interview with Il Sole 24 Ore that the country’s government was openly defying EU budget rules. Emerging-market currencies consolidated recent gains while oil prices extended their rebound.
Oil prices rose, helped by a decline in U.S. fuel stockpiles and the possibility of a cut in OPEC output. Brent (+1.3%) and WTI (+1.1%) are both in the green and continuing their rebound seen yesterday with WTI hovering around USD 57.00bbl. Energy newsflow remains light, post-yesterday's DoE report, however, Iraq’s North Oil Co. have announced that they have resumed Kiruk oil exports heading towards the Turkish port of Ceyhan. Looking ahead, the main highlight on the calendar will be the Baker Hughes rig count. Elsewhere, natural gas futures are relatively steady after their 19% decline yesterday which came in the wake of a 20% increase the day before.
In geopolitical news, US Republican and Democrat Senators filed a bipartisan bill seeking to suspend arms sales to Saudi Arabia in response to war in Yemen and killing of journalist. North Korean Leader Kim inspected test of new high-tech tactical weapons, according to Yonhap citing North Korean state media
Today's data include October industrial production and capacity utilization. Viacom is among companies reporting earnings
Market Snapshot
Top Overnight News
Asia-Pac stocks traded indecisively as the region lacked fresh catalysts and as uncertainty regarding Brexit and US-China trade played on investor’s minds. ASX 200 (-0.1%) and Nikkei 225 (-0.6%) were choppy with outperformance of tech and mining names in Australia overshadowed by a lacklustre broader market, while the Japanese benchmark was subdued by mild flows into the JPY and after China Mofcom began an investigation into alleged dumping of machine tools by Japanese firms. Elsewhere, Hang Seng (+0.3%) and Shanghai Comp. (+0.4%) swung between gains and losses after continued liquidity inaction by the PBoC which skipped OMOs for a 16th consecutive occasion, while participants were also tentative amid ongoing trade uncertainty after conflicting reports regarding the next round of China tariffs being placed on hold which USTR Lighthizer later denied. Finally, 10yr JGBs were mildly higher with prices underpinned amid an indecisive tone seen in stocks and with the BoJ also present in the market for JPY 680bln of JGBs in the belly to super-long end.
Top Asian News - China’s Kindergarten Crackdown Is the Latest Disaster for Stocks - Modi Is Said to Enlist Tata for Jet Airways Rescue Ahead of Vote - Philippines Shuts 3 Miners, Suspends 9 Others After Review - Indian Central Bank Board to Discuss Surplus Funds Transfer
European equities trade relatively flat (Eurostoxx 50 +0.2%) in the wake of mixed trade headlines overnight for the US and China. Performance across European indices is relatively equal whilst focus once again falls on the FTSE 100 (U/C) which remains at the whim of Brexit-inspired fluctuations in the GBP. Once again, potential upside for the index is being capped by losses in domestically focused banking names (RBS -3.0%, Lloyds -2.1%) as Brexit uncertainty continues to dampen investor sentiment. In terms of sector specifics, most sectors are trading higher with mild outperformance seen in telecom names. Utilities started the session lower in the wake of yesterday’s ECJ decision which deemed the UK’s scheme for ensuring power supplies during the winter months as a violation of state aid rules. Other individual movers include Vivendi (+4.2%) sit at the top of the Stoxx 600 after posting impressive Q3 sales metrics and announcing a potential sale of part of their Universal Music Group division. Elsewhere, AstraZeneca (-2.3%) and Shire (-1.3%) have been seen lower throughout the session after both posting disappointing drug updates.
Top European News
Currencies:
In commodities, gold (+0.2%) is trading relatively flat after hitting new weekly highs of USD 1218.39/oz earlier in the session; following uneventful overnight trade. Elsewhere, Shanghai Zinc prices have risen due to London Metal Exchange stockpiles falling to decade-low levels. Brent (+1.3%) and WTI (+1.1%) are both in the green and continuing their rebound seen yesterday with WTI hovering around USD 57.00bbl. Energy newsflow remains light, post-yesterday's DoE report, however, Iraq’s North Oil Co. have announced that they have resumed Kiruk oil exports heading towards the Turkish port of Ceyhan. Looking ahead, the main highlight on the calendar will be the Baker Hughes rig count. Elsewhere, natural gas futures are relatively steady after their 19% decline yesterday which came in the wake of a 20% increase the day before.
US Event Calendar
submitted by rotoreuters to zerohedge [link] [comments]

Bitcoin 2017 a Comprehensive Timeline

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submitted by BitcoinChronicler to btc [link] [comments]

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